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MM Horses In Training Day-2: Overall Average Up 5.3%

Thursday, 26th September 2013

Yesterday's second session of the two day annual Magic Millions Ready To Run Sale concluded yesterday with an increased average of $42,870 versus $40,719 in 2012. The improved statistic was underpinned by the sale of 9 individual lots on Day-2 for $100,000 or more. Magic Millions managing director Vin Cox was happy with the cross section of the buying bench, but noted: "The market was very polarised. If you had the right product there was great competition." Cox also expressed disappointment at the clearance rate of 62.2%, a figure expected to climb over the coming days as post-sale transactions occur.

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