It was a buyer’s market at the first
session of the 2009 Magic Millions Yearling Sale at Morphettville Monday
night. At the end of the first session A$1,419,000 was traded on 76 yearlings at
an average price of A$18,671.
Topping the session with a A$105,000 final bid was
a colt by Reset out of Excitant (Rory’s Jester). Offered by
Mill Park Stud, Lot No. 113 was purchased by Mark Kavanagh. Kavanagh enjoyed earlier
success buying yearlings from the Morphettville ring, including Group 1 winners
Divine Madonna (Hurricane Sky), Devil Moon (King Cugat), Hard
to Get (Geiger Counter) and Undoubtedly (Redoute’s Choice).
“This sale has always been renowned for producing high quality gallopers at
bargain prices,” Magic Millions Managing Director David Chester said. “Tonight
the prices were lower than we would have hoped, but that certainly keeps our
buyers happy. Anyone serious about finding a great value yearling should make
sure they are here for (Tuesday’s) second session.
“It was
tough going throughout the night — this has been the trend around the world this
year with the current economic situation,” Chester added regarding the current
state of the economy and how it affected Monday’s sale. “Trainers are finding
it hard to buy on spec’ and this particularly affects a sale like Adelaide which
is renowned as a real trainers sale.”