The value in good pedigrees and residual value was highlighted at last weeks Magic Millions Weanling Sale.
Some terrific results were achieved with some Bennett Racing Fillies families.
The sale topping weanling a Zoustar filly from the stakeswinning mare Members Joy. Members Joy of course is a ½ sister to our Easter Yearling Sale purchase the Zoustar x Rosa’s Joy filly. This makes the sale topper a ¾ sister to our filly as they are both by Zoustar.
Zoustar stands this upcoming season for 197K.
Earlier the day before a ¾ brother to our Deep Field x Coral Reef filly also exceeded expectations being knocked down for 190k. This really was a huge result as the colt was by Deep Field’s 1st crop sire son Cosmic Force who stands at Newagte Farm for 11k!
$750,000 Zoustar Filly Tops MM Weanling Sale
Media Release – Friday May 20
An impeccably bred filly by Zoustar has topped the 2022 Magic Millions National Weanling Sale on the Gold Coast.The filly, from the stakes winner Members Joy, was offered by Segenhoe Stud and purchased by Cloverfield Bloodstock for a record equalling price of $750,000.Newhaven Park’s John Kelly, who placed the successful bid, was delighted to secure the star attraction – a half sister to Group Two Percy Sykes Stakes winner Members Joy.
“She’s a lovely filly,” Kelly said of the sale topper. “She’s out of a very good racemare who is a good broodmare and she’s by a champion stallion – they cost what they cost!”
“She’s a lovely mover. She’s got a great head – basically just a very nice filly.”
Kelly said the plan was to present the filly at the 2023 Gold Coast Yearling Sale.
“She’ll go out in the paddock and run with the other fillies and hopefully grow and mature and turn into a beautiful yearling,” he added.
Across the two days of the sale over $22 million was traded on 247 lots sold at an average price of $89,720 and record median price of $55,000.
“Obviously momentum built on Thursday, but I thought today was a very strong day’s trade,” Magic Millions Managing Director Barry Bowditch said. “Any lot of any quality sold well above most vendors’ expectations. It was incredibly buoyant and the competitive nature in the market was fantastic to see.”
“The market has confidence that quality horses do come to weanling sales and given that you’re getting the end user coming and playing a part in buying these horses to take home, look after them and get to the racetrack.”
“That is an important part of the market and it’s good to see them coming and respecting the weanling sale. Obviously the pinhookers play a huge part but the end users on top of that is great.”
“To end up with an average of about $90,000, which if you take last year’s sale out of the equation that was something of a one off, is well above any average we’ve had here at a weanling sale, or anywhere in Australia, for that matter.”
“Buyers are trading, they’re in the market looking to buy these quality horses to bring back to January and other sales and that’s great to see.”
“There is a selective part of the market, we are passing in 20 per cent of the horses, which isn’t the way we like to do things, but it gives me great confidence for next week that if you put quality in the ring there’s a lot of people there to buy them,” Bowditch added.
SALE STATISTICS
(2021 in brackets)
Lots Catalogued: 402 (417)
Lots Sold: 247 (301)
Lots Withdrawn: 91 (77)
Lots Passed In: 64 (39)
Top Price: $750,000 ($1,000,000)
Average Price: $89,720 ($105,214)
Median Price: $55,000 ($52,000)
Sale Gross: $22,161,000 ($31,669.500)
Sold %: 79.4 (89)