Gold Coast Yearling Sale Reaches New Heights

Records tumbled across the board as the 2020 Magic Millions Gold Coast Yearling Sale came to a close at Queensland's holiday playground Jan. 14.

Book 3 of the Gold Coast Yearling Sale as well as the Gold Coast Summer Racehorse Sale were held Tuesday, with the top price of AU$105,000 given for the Godolphin-offered racehorse Roosevelt.

Roosevelt, a last start runner-up at the Beaumont track Dec. 26, was snapped up by Ultima Racing in conjunction with Jayven See from Singapore.

For the third year in succession the Gold Coast Yearling Sale became the highest grossing in Southern Hemisphere history.

Across the entire three books of the Gold Coast Yearling Sale over AU$188.5 million was traded. The clearance rate was over 87%.

The Summer Racehorse Sale averaged AU$32,250 and was well received with buyers from across Australia as well as abroad.

"It's been another incredible carnival," Magic Millions managing director Barry Bowditch reported. "To eclipse last year's record breaking sale was a goal, but deep down I didn't think it was possible.

"To return record figures for gross and average and a clearance rate across all six days of yearlings at over 87% is incredibly rewarding.

"I would like to congratulate all buyers and vendors who played their part in making this year's Gold Coast Yearling Sale another record breaking auction.

"The team at Magic Millions has again stepped up to the plate and worked long hours to produce a world-leading event for visitors to the Gold Coast.

"Over the past couple of days I have received many messages from clients around the world and they tell us that Magic Millions are world leaders for our industry and for this I am very proud of my team."

The Magic Millions sales focus next switches west for the Perth Yearling Sale (Feb. 17-18) followed quickly by the Tasmanian Yearling Sale (Feb. 24), and the Adelaide Yearling Sale (March 10-11) before returning to the Gold Coast for the March Yearling Sale (March 16-17).