MM Gold Coast March Sale Soars

Across Day 1 of the 2021 Magic Millions Gold March (QTIS) Sale, over $7.5 million was traded on 160 lots sold at an average of $47,156 and an impressive clearance rate of 84%. The gross is up an astonishing 110% on last year's Day 1 –the median 75% up and the average rose 62%. "Clearly it would be unfair to compare to last year's sale given the circumstances we were dealt on the eve of that sale," Magic Millions Managing Director Barry Bowditch said, referring to the start of the COVID-19 pandemic that coincided with the sale. "Today's sale was a fantastic confidence booster for the Queensland industry and justifiably because of the prizemoney and bonuses these horses will race for. We've had a great spread of buyers from top to bottom and obviously all our key numbers are pleasing," Bowditch added. Day 2 of the sale will be held from 10am (Qld time) today with another 210 quality youngsters catalogued. Day 1's key stats are below (2020 in brackets):

• Lots Catalogued: 210 (206)
• Lots Sold: 160 (124)
• Sale Gross: $7,545,000 ($3,599,000)
• Average Price: $47,156 ($29,024)
• Lots Passed In: 31 (58)
• Lots Withdrawn: 19 (24)
• Top Price: $370,000 ($150,000)
• Median Price: $35,000 ($20,000)
• Sold %: 84 (68)