MAGIC MILLIONS DAY TWO SELLING STRONGER

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stables for AU$220,000 and $240,000 respectively, two of Tinkler’s yearlings failed to make reserve with another two withdrawn from sale.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

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

Board exodus gathers pace at The Star after O’Neill resigns as chairman

Board exodus gathers pace at The Star after O’Neill resigns as chairman

The Star Entertainment Group (ASX: SGR) is now on the hunt for a ne...

Woolworths adds controlling stake in MyDeal to cart for $218 million

Woolworths adds controlling stake in MyDeal to cart for $218 million

Woolworths (ASX: WOW) is looking to enhance its online marketplace ...

SNL’s Pete Davidson to star in QLD feature film ‘Wizards!’

SNL’s Pete Davidson to star in QLD feature film ‘Wizards!’

The Australian screen sector has bagged two major wins today, with ...

Scrap metal recycler Sims picks up Brisbane port site for $88 million

Scrap metal recycler Sims picks up Brisbane port site for $88 million

In order to acquire one of the few remaining Brisbane sites with de...