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stables for AU$220,000 and $240,000 respectively, two of Tinkler’s yearlings failed to make reserve with another two withdrawn from sale.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

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

BLK SPORT FOUNDER TYRON BRANT REMAINS CEO UNDER NEW OWNERS

BLK Sport has been purchased from receivers McGrathNicol by a private consortium composed of a TimorLeste-based oi...

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter