Numbers improve for Magic Millions fifth session

For the second straight year, the fifth session of the Magic Millions Gold

Coast Yearling Sale was marked by stronger-than-expected trading. The average

price rose 11.1 percent after seeing a gain of 17.9 percent the year before.

"I couldn't be much happier with the results achieved today," Magic Millions

Managing Director David Chester said. "There was spirited bidding through the

sale. To have the average price increase over 10 percent on last year's figure

is fantastic."

The aggregate, median price and clearance rate also improved year-over-year.

"Also very pleasing was the clearance rate of over 83 percent," Chester said.

"A high clearance rate shows the right balance between vendors and buyers, and

to have five days of selling with a clearance of 83 percent is wonderful."

Leading the session was Hip 895, a Break the Vault half-sister to

stakes-placed Temple of Boom (Piccolo) who was knocked down to a

Queensland-based client of Magic Millions for A$200,000. The lass was consigned

by Eureka Thoroughbreds Pty Ltd.

The sixth and final session of the Gold Coast Yearling Sale will be held

Thursday. Full results are available at www.magicmillions.com.au.