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Racing Queensland’s General Manager of Racing Simon Stout says outstanding results at the Magic Millions March Yearling Sale is a major vote of confidence in the Queensland breeding industry.
Records continue to tumble on Tuesday and, at the time of writing, the average sale price sat just over $42,000, which eclipses the 2017 average by almost $14,000.
Before 2018 no lot had ever reached the $200,000 mark in the history of the Magic Millions Gold Coast March Yearling Sale.
At the time of writing nine lots had equaled or broken the mark, with sire of the moment Spirit Of Boom accounting for all nine.
“These results are a fitting reward for Queensland breeders,” Mr Stout said.
“It is particularly pleasing to see such tremendous growth following Racing Queensland’s inaugural QTIS Jewel Race Day at the Gold Coast Turf Club at the weekend.”
Next year the QTIS Jewel Race Day will offer more than $1 million in prize money and QTIS bonuses.
“This is part of Racing Queensland’s two-year strategy to help stimulate the Queensland breeding industry and provide enhanced returns to owners and participants,” Mr Stout said.
Undoubtedly, the star of the 2018 sale has been the interest in lots by Eureka Stud’s Spirit Of Boom.
A 2009 March Sale graduate, the former Tony Gollan-trained Group 1 winner has produced 12 individual winners in his first season, making his progeny the hottest property in Australian racing.
John Singleton’s Strawberry Hill Stud smashed the record sale price set on day one by a whopping $150,000 when it purchased Lot 305 – a Spirit Of Boom (ex Country Class) filly – from KBL Thoroughbreds for $400,000 on Tuesday.
The price eclipsed Strawberry Hill’s own record earlier in the day when it forked out $360,000 for another Spirit Of Boom (ex Thank You Darling) filly.
Both sales shattered the new sale benchmark set on day one, when Queensland trainer John Morrisey forked out $250,000 for a Spirit Of Boom (ex Regal Tier) filly.
Munce Racing paid $140,000 for a Top Echelon (ex Idesa Bay) filly on the opening day.