scone.com.auMagic Millions Upper Hunter Wrap
SIX thoroughbred studs in the Upper Hunter were in the top ten grossing sellers at the Magic Millions Gold Coast Yearling sales which wraps up today.
The colt by Redoute’s Choice and Ballet Blue whic sold for $1.3 million. Photo by Michael McInally, Magic Millions.
Arrowfield has sold 38 of their 41 lots for more than $10.9 million and also sold the joint top priced yearling, a colt by Redoute’s Choice and Ballet Blue for $1.3 million; of the five horses which sold for more than $1million, two were from Arrowfield.
Update: The other top priced yearling was a colt by the Vinery’s stallion More Than Ready, which sold to Gai Waterhouse.
Newgate Farm was the second highest grossing stud selling all 38 lots in book one for a total of $10,295,000.
Yarraman Park Stud sold all 22 of their lots for a total of $5,905,000 and ranked 6th overall in the sales.
Segenhoe Stud came in at 7th position selling all 15 lots for $4,280,000.
Ninth was Sledmere Stud which sold 22 of their 25 lots and saw revenue of $4,050,000 and rounding out in tenth position was Bhima Stud which sold 16 of their 20 lots for $3,605,000.
This year the Magic Millions had a bigger catalogue, made a record gross and saw an increase in the average sale said Magic Millions managing director Vin Cox.
“We are very happy; as I’d said before if we had have got somewhere near last year we would have been very happy as it was a great sale last year,” said Mr Cox.
“But we have gone above that by quite a margin,” he said.
“We had more horses in Book One and our clearance rate was pretty much the same and our average has increased and our turnover has gone up massively,” Vin Cox said.
Last year the average price was $195,000 and this year it is $206,000.
Averages for some Upper Hunter farms include Arrowfield $286,842, Segenhoe $285,333, Newgate $270,921, Willow Gate Park $270,000, Yarraman Park $268409 and Kia Ora $266,923.
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