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MM Adelaide Day-2: $32,053 Average
Day-2 (Session 1) of the 2013 Magic Millions Adelaide Sale concluded yesterday with the average on $32,053, down from last year's figure of $34,843. Despite the slight drop there were a number of positives to come out of the sale: the gross at $5,769,500 was significantly up on 2012's turnover of $5,331,000, while the clearance rate leapt to 80 percent (with further transactions likely on passed-in lots) from 74 percent in 2012. "Buyers were here to bid and they did," Vin Cox said. "The local buying bench was sensational and congratulations to them. I don't think I've seen as much spirited bidding from the locals at Morphettville - it is great to see for the South Australian industry."