Magic Millions Sale Bringing in Sizeable Money for Breeders
The money is flowing on the Gold Coast as the Magic Millions Sale moves along and it will not be long until some racing comes along to tap the purses of any of the buyers who have money left over after spending lavishly on yearly thoroughbred talent.
The second day of the sale surpassed the first, with a yearling colt by Snitzel brought a price of $1.6 million from a conglomerate consisting ofPhoenixThoroughbreds, Aquis Farm, Yulong Investments and Ciaron Maher, who will train the colt. The youngster is the brother to Sizzling.
Sizzling brought in over $1.3 million in prizemoney, winning more than once at Group 2 level and once at Group 1, when he took The T J smith Stakes back in 2012.
Maher was chuffed to get his hands on the Snitzel progeny. “He’s just a gun,” Maher said. “He has everything, the pedigree, he’s just a great type and has coped with the sale easily.If we can train him to win a good race then obviously he’s got all the makings of a stallion.”
After two days, the Magic Millions sale has raked in almost $90 million and the average price per lot is up considerably over last year.
“It would have to be one of the best days of trade we’ve had,” Magic Millions bloodstock manager and incoming managing director Barry Bowditch said.”From start to finish today it was a great vibe. There’s so many people here trying to get into a horse. I know there are lots of people who haven’t been able to buy a horse yet.”
We can relate to the feeling, although our efforts are more along the lines of hoping to get a good deal on a blender or a toaster oven on eBay.
Bowditch was quick to point out that there is still a lot of prime horseflesh to be had.
“The opportunity is out there. The market is deep and I think there is still a lot of value out there. There’s still plenty of horses to be bought at the middle and lower end of the market.”