The 2023 Australian yearling sale season began with gusto on the Gold Coast with strong numbers across the board and FBAA agents were to the fore with 23 members involved in 163 purchases (21% of total sold) for a gross of $57.7m (25% of total gross). This was another significant year on year increase from 2022, of 3% and 6% respectively.
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The record price for a yearling at magic Millions was smashed when a colt by I Am Invincible sold for $2.7m to the bid of Coolmore Stud. The leading buyer representing the FBAA was Mathew Becker’s Group 1 Bloodstock who was involved in 24 purchases for $8.065m.
“The Australian thoroughbred market continues to go from strength to strength and it is reassuring to see that 25% of investment in Book 1 at Magic Millions was facilitated by accredited FBAA members,” commented FBAA President Craig Rounsefell.
FBAA Agents will now turn their attention to the Karaka yearling sale in New Zealand from 28th January to 3rd February.