Magic Millions Gold Coast Yearling Sale - Lot 251Click above to watch the sale of Lot 251 - Magic Millions Gold Coast Yearling Sale
(Image and footage : Magic Millions)

Gold Coast, Queensland
9 - 15 January 2013

The Magic Millions Gold Coast Yearling Sale recorded its first seven-figure price since 2011 yesterday and highest since 2009 - when lot 251, a colt by sire-of-the-moment Fastnet Rock (Aus), fetched a final bid of A$1.35 million (US$1,417,500) from Coolmore early during Thursday’s session.

Tom Magnier had the highest bid on a day that saw 138 youngsters sell for A$18,742,500. Over the course of the first two sessions, the average stood at A$132,289, compared to A$127,977 12 months ago.

“The sale went through a soft patch for a while, but improved and the last three hours went very well,” Magic Millions Managing Director Vin Cox said at the end of the second session. “We’re keen to see the clearance rate continue to rise, and it won’t be long before hitting 80%. A goal would be to get to 85% - if that was achieved, it would be phenomenal. There’s been some great bidding duels over the two days so far and there’s also been some great value on offer.” Cox added, “We’ve still got some high quality lots to go under the hammer during tomorrow’s third session and Saturday night’s session four.”

Lot 251 sauntered into the ring and auctioneer Grant Burns received an opening bid of A$400,000 and announced that the colt was “on the market.” With offers coming from dining tables and the Coolmore group to the left of the auctioneers’ stand, the money climbed to A$900,000. It inched up in increments from there and, though agent James Harron hung in gamely, Magnier won out in the end.

“He’s by a great stallion and was probably the colt of the sale,” Magnier said immediately after lot 251 left the ring. “I hope he is lucky, and we are delighted to have him. We’ll give him to Gai Waterhouse to train.”

The price was to be expected for the Lomar Park-consigned son of Smart Company (Aus) according to Magnier. “When you have all of the judges on the same horse, you know you’re going to have to pay a premium,” he confirmed.

Waterhouse later said of Thursday’s Magic Millions topper, “He just glides over the ground, and the last horse I said was poetry in motion was last year’s three-time Group 1 winner Pierro (Aus) and he turned out a champion, and from this sale as well - let’s hope lot 251 turns out as good. There’s good speed in the family and I am delighted to be given him to train by Coolmore Stud.”

Lomar Park principal Fred Peisah has developed this colt’s female family since acquiring third dam Social Smile (GB) (Ennis). He did not put a reserve on lot 251.

“We had tremendous inquiry about him,” Peisah explained. “I just told the auctioneer, ‘Sell. Whenever you get your first bid, you’re on the market.’ After 47 years, you learn something about the industry, and if you’ve got the right sort of inquiry, you’re alright.”

Extract from Thoroughbred Daily News