Magic Millions' Marvellous
Date: 8 Jan 2025
The Magic Millions' Sale is underway at the Gold Coast and Te Akau struck early - having secured 13 outstanding yearlings this far!
All yearlings with shares available can be viewed on our website on our 'Yearlings & Shares' page - which can be found here:
https://www.teakauracing.com/yearlings-shares
Team Te Akau will continue its hunt for stand-out yearlings - with shares available across all price ranges - keep your eyes peeled on our website!
With two days of the sale complete the sale aggregate has grown to over A$97.5 million with an average price of A$277,145 and clearance rate of over 81 per cent.
“Day Two, I thought it built upon the foundation set on Day One," Magic Millions Managing Director Barry Bowditch noted.
"You could see by the start of the sale – I think we went 25 lots before we passed one in – so there was a good confident start and that built off yesterday and then momentum during the day was really, really sound."
"I thought, all in all, to increase the clearance from under 75 percent to above 81 was a great effort and that was attributed to a better ring rate today and also deals being done outside the ring."
"It's great that equilibrium is being found between buyer and vendor and I think it's a good healthy genuine market."
Bowditch expected today's top seller to prove popular and was delighted with the final price of $2.3 million.
"She was a seven-figure price but you never know until they walk in the ring. Two or three of the right people were on her and they really wanted to buy her."
"It was an outstanding price and it's great to see diversity at the top of the buyers sheets," Bowditch added.
Day Three of the 2025 Gold Coast Yearling Sale will commence at 10am (QLD time) tomorrow Thursday.
SALE STATISTICS - (2024 Day 1-2 in brackets)
Lots Catalogued: 480 (450)
Lots Sold: 352 (349)
Lots Passed In: 81 (60)
Lots Withdrawn: 46 (39)
Sale Gross: A$97,555,000 ($101,713,000)
Top Price: A$2,300,000 ($1,900,000)
Average Price: A$277,145 ($291,441)
Median Price: A$200,000 ($220,000)
Sold %: 81.3 (85)
DAY TWO - LEADING BUYERS
(ranked by total spend)
A$4,485,000 - Gai Waterhouse & Adrian Bott/Kestrel T'breds - 12 lots
A$4,245,000 - Resolute Bloodstock - 10 lots
A$4,065,000 - David Ellis/Te Akau Racing - 13 lots
A$2,850,000 - Tom Magnier - 2 lots
A$2,585,000 - KPW Bloodstock - 8 lots