Lot 332 Snitzel x Vaujany (Image: Magic Millions / Blue Gum Farm)
With exceptional clearance rates and impressive average sale prices, Victorian vendors and stallions ably showcased the strength and vibrancy of the state’s breeding industry at the 2024 Magic Millions Yearling Sale last week.
During the first five days of selling on the Gold Coast, Victorian operations played a big part in the spending spree with a clearance rate of 85 per cent. Significantly, the average price of $288,000 for yearlings sold by Victorian farms was higher than the overall sale average of $279,000.
A total of 15 Victorian-bred yearlings were knocked down for more than $500,000, with Blue Gum Farm’s prized colt (Snitzel x Vaujany) leading the way when he was purchased by David Ellis’ Te Akau Racing for $1.3 million.
Victorian stallions also punched well above their weight with a notable clearance rate of 92 per cent – significantly higher than the overall rate of 86 per cent.
Yulong Stud’s super sire Written Tycoon again led from the front, with his chestnut filly out of Piping purchased by Highclere Australia for $800,000 on the opening day of the world-famous sale.
Whilst Written Tycoon is in the twilight of his stud career, Victorian newcomers Hanseatic (Rosemont Stud), Doubtland (Widden Stud) and Alabama Express (Yulong Farm) all made a big impact.
Hanseatic, the precocious son of Street Boss who kicked off his 2YO career with three Stakes wins, made a real splash with his first crop of yearlings selling for an average price of $238,333 – more than 13 times higher than his opening stud fee of $17,600.
Similarly, Doubtland’s progeny averaged $168,333 from a 2021 stud fee of just $16,500, whilst Alabama Express – whose 2021 stud fee was $24,750 – continued the eye-catching start to his stud career with his yearlings fetching an average price of $277,333.
“Last week’s Magic Millions Gold Coast Yearling Sale re-emphasised that Victoria’s breeding industry is currently in great health,” said James O’Brien, TBV’s President.
“For Victorian stallions to achieve a clearance rate of 92 per cent in Book 1 was nothing short of exceptional. That figure and the impressive average price of Victorian-bred yearlings sold was helped in no small part by the considerable bonuses on offer through the VOBIS program, and I must commend all the Victorian vendors for producing such a quality draft of yearlings.
“With Hanseatic’s first crop of yearlings producing some outstanding results and Alabama Express selling extremely well off the back of some fantastic early results for his progeny, the future of our breeding industry looks very bright and I’m already excited to see how the Victorian-bred yearlings purchased at the Magic Millions last week perform on the racetrack in the coming years.”