MAGIC MILLIONS DAY TWO SELLING STRONGER

Written on the 18 January 2010 by Tom Reid

MAGIC MILLIONS DAY TWO SELLING STRONGER

DAY two of the 2010 BMW Magic Millions sales has opened stronger than yesterday with the big name buyers splashing the cash.

The Hong Kong Jockey Club has already forked out $1.61 million on five lots. While a million dollar yearling is yet to be passed through the internationally renowned auctions, South African trainer Charles Laird has spent $1.24 million on four lots with four days remaining.

As reported by goldcoastbusinessnews.com.au on Monday, last year’s big buyer Nathan Tinkler has emerged this year as a leading seller with his Patinack Farm yearlings.
While Laird and the Hong Kong Jockey Club have each added a Patinack colt to their stables for AU$220,000 and $240,000 respectively, two of Tinkler’s yearlings failed to make reserve with another two withdrawn from sale.

Tinkler has sold $980,000 in yearlings, or just less than five percent of last year’s purchases.

Yesterday’s sales grossed $16.7 million with an average sale of $125,000, down $5000 on last year.

Magic Millions officials are hoping to gross around $70 million in total.


Author: Tom Reid

Latest News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

GOODMAN TAKES PROFIT AND REVENUE DECLINE BUT LOOKS TO CASH IN ON AMAZON'S ARRIVAL

Commercial and industrial property group Goodman (ASX: GMG) has reported underlying full year net profit has dropped ...

REPORTING SEASON WRAP: MONDAY HIGHLIGHTS

* FORTESCUE Metals (ASX: FMG) reported net profit after tax (NPAT) of $2.64 billion for the year to June 30, up fr...

ARIADNE CUTS DEMANDS FOR FOUR ARDENT BOARD SEATS TO TWO AHEAD OF EGM

REBEL shareholders have reduced their demands on embattled theme parks operator Ardent Leisure (ASX: AAD) to give the...

Related News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

REPORTING SEASON WRAP: MONDAY HIGHLIGHTS

* FORTESCUE Metals (ASX: FMG) reported net profit after tax (NPAT) of $2.64 billion for the year to June 30, up fr...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter