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stables for AU$220,000 and $240,000 respectively, two of Tinkler’s yearlings failed to make reserve with another two withdrawn from sale.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

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