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MM Broodmare Sale Day-1: Average Up 29%!
Bounding was one of three mares to sell for over $1 million on the opening day of the 2016 Magic Millions National Broodmare Sale at the Gold Coast yesterday, with Crystal Flute ($1.4 million) and Fontiton ($1.1 million) also breaking the magical seven figure barrier. Michael Wallace, bidding for the China Horse Club, was delighted to secure Crystal Flute for $1.4 million. Consigned by Teeley Assets, Crystal Flute is a recent Sydney winner by Encosta de Lago from Monsoon Wedding and hails from the famous Redoute’s Choice family. “World class pedigrees are hard to acquire,” Wallace pointed out. “She’s a young mare and we can start her breeding career how we like.” He added: "With a pedigree like this she’s a foundation mare that you have for the next 10 or 15 years and build families and foundations from.” The other seven figure mare was former crack Melbourne juvenile Fontiton who sold for $1.1 million. Presented by Sledmere Stud, as agent, Fontiton was knocked down to Henry Field for US-based SF Bloodstock. “She’s beautiful,” Field said. “She was exceptional. She was one of those mares that had unbelievable ability and has a beautiful physique to back her up.” He added: "I’ve got no doubts she was a very special filly. Another quality race filly to sell well was Bring Me the Maid, offered by Bhima Thoroughbreds on behalf of Wylie Dalziel and Roy Higgins Racing. She was sold to Dean Hawthorne Bloodstock for $900,000. “She was a great racemare,” Hawthorne said. “She ran third in a Golden Slipper and she’d won a lot of prize money.” Other big sellers on Day One included last start Gr1 winner Precious Gem ($825,000 to China Horse Club), Magic Millions Classic winner Real Surreal ($800,000 to Bruce Perry Bloodstock) and Australasian Oaks winner May’s Dream ($720,000 to Willcox Bloodstock). During the day over $28 million was traded on 172 lots sold at an average price of $163,645 and clearance rate of 81 per cent. The average and gross rose 29% and 24% respectively on last year’s opening day’s sale. Magic Millions Managing Director Vin Cox was delighted with the results on Day One with three lots selling for over $1 million and 14 lots fetching prices of at least half a million dollars. “It’s just been spectacular. From so many levels it was a pleasure to be a part of," said Cox. “The numbers are way, way up as you’d expect with so many high priced horses.” He added: "There was a lot of international money and people still with their powder dry with a couple more days to come. We have some great broodmare prospects still to come and there will be some great opportunities across all levels of the market."