This year’s Magic Millions Thoroughbred Yearling Sale on Queensland’s Gold Coast saw three consecutive days of record-breaking prices, with I Am Invincible – the first offspring of group champion, Anaheed – selling for a record $2.7 million. Yearlings from some of the leading thoroughbred breeding farms in Australia and New Zealand were featured at the annual auction.
To read more about this year’s auction, visit: https://goldcoastlifestyle.com.au/three-day-streak-of-record-breaking-sales-at-magic-millions-yearling-sale
Despite having never raced before, young prospects at the Magic Millions Yearling Sale are acquired for record-breaking prices justified by their winning potential, partly determined by their breeding pedigrees and conformation. The potential benefits for investors are significant, with good horses recouping their asking price and going on to win millions of dollars in races.
Typically descended from well-known sires and dams, the horses at the Magic Millions Yearling Sale are considered some of the area’s top prospects for racing. Customers from around the world attend the event, which is regarded as one of the best-thoroughbred auctions in the southern hemisphere.
The Magic Millions Race Day which coincides with the yearling auction, features several horse races, including the Magic Millions 2YO Classic, the primary race of the day. This race is for horses under two years old and is regarded as one of Australia’s best for young horses. This year’s race featured jockeys and horses vying for an event purse of $11 million.
Other races included in the event include the Magic Millions 3YO Guineas, Magic Millions Cup, and Magic Millions Snippets.
The 2023 auction also featured a number of additional activities, such as horse parades and seminars on themes related to breeding and racing.
A spokesperson for the event organisers commented: “The Magic Millions Yearling Sale has seen a historic run of success, with three consecutive days of record-breaking sales. Each day, a new high was set as eager buyers competed for the top thoroughbred prospects on offer. Moreover, the power of a reputable sire, the expectation of future winnings, and the potential for future success all contribute to the high prices paid.”
Interested parties can learn more at https://goldcoastlifestyle.com.au/three-day-streak-of-record-breaking-sales-at-magic-millions-yearling-sale
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