FBAA Magic Millions

19th January 2021

The 2021 Magic Millions Gold Coast Yearling sale demonstrated the health and overall strength of the Australian bloodstock market. Despite the threat of COVID restrictions and an expanded catalogue, the key indicators of the sale held steady or improved from 2020.

Broken down into books, Book 1 was particularly strong and held steady while Book 2 showed more of the downward trends being seen in the international market. The number of lots that brought $500,000 or more increased by eight this year. In Book 2 there were 37 lots that sold for $100,000 or more, the same as the previous year, which goes to show the health of the buying bench from the top down. In fact, there were 414 buying combinations listed this year, up 12% from the 2002. The international presence at the sale, expectedly, was decreased with several regions such as America and Africa not present and a reduced number of representatives from Europe and Asia. Hong Kong associated purchases made up 90% of the international gross.  Domestically, NSW led the states in terms of gross and number of lots purchased, but both QLD and VIC increased their presence from the previous year.

In terms of sires, Yarraman Park’s I am Invincible continued his dominance leading the sire table by gross for the fourth year in a row. Of sires with three or more sold, the pensioned Not a Single Doubt led by average, with 17 yearlings bringing an average price of $597,647. By average New Zealand based shuttle stallion Almanzor (FR) led the first crop sires with three yearlings bringing an average $506,667. Snitzel was the sire of the top priced lot, the colt from Widden’s draft out of Bonny O’ Reilly (NZ).

Overall, 16 FBAA agents bought 105 lots at the sale for a total of $24,257,500 (median price of $170,000). The most expensive lot was purchased for $1,000,000.

Related Articles