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Magic Millions Adelaide Day-2: Average Rises 33%

Wednesday, 16th March 2016

Over the past two days at Morphettville over $10.2 million was traded on 237 yearlings at an average price of $43,737. The clearance rate rose again and is currently on 84.4 per cent. "It's just been a really good result for a lot of people," Magic Millions Managing Director Vin Cox said. "The average is up 33 per cent and the turnover is up 54 per cent. The thing that was so positive was the depth of the market and the consistency of the market." He added: "It's probably the best venue in Australia to sell horses - it's nice and tight - it's a great complex and Adelaide is a great place to have a sale - everyone has a lot of fun over here - we can really build on this and take it somewhere." Book Two of the sale, comprising Day Three of selling, will commence at 10am (SA time) on Wednesday. Around 140 lots have been catalogued to go under the hammer and the session will offer exceptional value.

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