Cover image courtesy of Magic Millions
Sunday’s Magic Millions National Weanling Sale will kick off a busy week for Magic Millions Managing Director Barry Bowditch and his team. The Thoroughbred Report caught up with Bowditch ahead of the sale to discuss his expectations.
The 2023 Magic Millions National Sale series grossed $139,736,500 from 1022 lots sold, down from $161,457,500 in 2022 when 1126 lots sold. This year, 1620 horses are catalogued across the weanling, mare and yearling sale series, down around 200 from 2023.
Aside from the depth of the exceptional broodmare catalogue, featuring Imperatriz (NZ), Chain of Lightning (Fighting Sun), Madame Pommery (No Nay Never {USA}) and Affaire a Suivre (Astern), there's the dispersal of Element Hill, which features a yearling sister to Golden Sixty (Medaglia d'Oro {USA}).
But first, we start with the babies. A lineup of 377 weanlings by 94 individual sires has been assembled for the two-day event to kick off the sale.
Excitingly, prospective buyers will have the opportunity to inspect and secure progeny by champion racehorses such as St Mark’s Basilica (Fr) and Home Affairs from Coolmore, Newgate Farm’s G1 Golden Slipper victor Stay Inside, a former graduate of the Magic Millions National Weanling Sale, and his Group 1-winning barnmate Wild Ruler.
Additionally, proven sires such as Written Tycoon, Toronado (Ire), I Am Invincible, and Exceed And Excel are all featured in the sale.
“It’s been very busy out there, and the feedback on the weanlings I’m hearing is all complimentary. From the Magic Millions perspective, I think we’ve got a good, consistent bunch of weanlings, albeit we’d probably love another few barns of them.”
With the Magic Millions National Weanling Sale being only the second sale of the year for weanlings, the first—the Inglis Australian Weanling Sale—gave Bowditch plenty to be confident about heading into Sunday.
“I feel the confidence in the pinhook market is there. We’re coming into Sunday off the back of a strong weanling sale market thus far this year, so we’ve got confidence that we have the most consistent and in-depth weanling sale catalogue.
“We’d like to think the market would see it that way, and that we’ll have a strong average clearance rate come Sunday and Monday.”
Changing attitude?
A fact highlighted by Magic Millions is that over 25 per cent of the catalogue for this year’s Magic Millions National Weanling Sale consists of progeny from black type performed mares.
Examples include Lot 15, a colt offered by Coolmore, who is not only a son of the exceptional Frankel (GB), but also out of Amicus (Fastnet Rock), a mare who won the G1 One Thousand Guineas and the G2 Let’s Elope S. Amicus has proven herself as a producer, with her Irish-bred sons Chief Little Rock (Ire) (Galileo {Ire}) placing twice at Group 2 level, and his full brother Okita Soushi (Ire) winning at Royal Ascot.
Vinery Stud presents Lot 86, a colt by Swettenham Stud’s sire sensation Toronado (Ire), and the first foal from the speedy Fake Love (I Am Invincible), a winner of the Listed Debutant S. at Caulfield and placegetter in the Listed Calaway Gal S.
Gallery: Weanlings that are out of black type performance mares, images courtsy of Magic Millions
Also, by Toronado (Ire) is Lot 354, consigned by Three Bridges Farm. This colt is from the Group 2-winning Lonhro mare Wawail. Meanwhile, Coolmore presents Lot 119, the fourth foal from the talented I’ll Have A Bit (Smart Missile), a Group 2 winner and Group 1-placegetter. This colt is a son of the remarkable, So You Think (NZ).
Are these examples indicative of changing attitudes towards weanling sales, or a marker of the economic challenges experienced and ahead?
Bowditch explained, “I think everyone’s got different circumstances as to why they are selling their weanlings, but on the whole, Magic Millions is very lucky that most vendors want to make it worth their while bringing weanlings to the Gold Coast. They want to bring weanlings they think are going to be a good, strong, and sellable product that the market wants to see.”
“They want to bring weanlings they think are going to be a good, strong, and sellable product that the market wants to see.” - Barry Bowditch
Commenting on the 25 percent of the catalogue being from black-type performers, Bowditch told TTR AusNZ, “It has to give the buyers confidence that when they turn up on the Gold Coast to buy a weanling, they’re probably buying the best quality weanling they can find on the open market.”
Pinhooks and gradute success aplenty
It should also be mentioned the outstanding success weanling purchasers have had on the track this season and in the past. The Magic Millions Weanling Sale has supplied the victor of the G1 Golden Slipper, Stay Inside, who has his first progeny on offer this Sunday.
Additionally, the G1 George Ryder S. winner Veight (Grunt {NZ}) was sourced from the Bundall complex for $100,000, and the bonny filly Tropical Squall (Prized Icon), a $16,000 purchase, is already a dual Group 1 winner from nine starts.
Moreover, the Magic Millions National Weanling Sale was where the G1 Coolmore Stud S. and G1 Golden Rose winner Zoustar was sourced for $85,000. Zoustar now stands at Widden Stud as a successful stallion with a fee of $275,000 (inc GST).
Beyond the racetrack success, the Magic Millions National Weanling Sale has proven a happy hunting ground for pinhookers. For instance, a filly by the four-time Champion Sire Snitzel out of the Sebring mare Serena Bay was purchased for $480,000 as a weanling and reoffered in January for $1.25 million at the Magic Millions Gold Coast Yearling Sale, resulting in a profit of $770,000.
Similarly, a colt by Shalaa (Ire) from Exploding Star (Zoustar) was bought for $6000 as a weanling and later sold for $110,000. Last year, a Too Darn Hot (GB) colt out of Duvessa (Street Cry {Ire}) was purchased for $100,000 as a weanling and reoffered in January, selling for $625,000.
Field set for $1 million R. Listed Magic Millions National 2YO Classic
Adding an additional layer of excitement for Bowditch and the team at Magic Millions was Saturday’s inaugural running of the $1 million R. Listed Magic Millions National 2YO Classic at Doomben, won by Arabian Summer (Too Darn Hot {GB}). She finished second in January’s R. Listed Magic Millions 2YO Classic.
Bowditch believes the Millions National 2YO Classic will become a valuable and much-sought-after event on the Australian racing calendar and the Magic Millions Race Series.
“It was an outstanding field. I think having some of Australia’s best 2-year-olds running in this inaugural edition was fantastic.
“I really think this event will grow, and this race will become a permanent fixture here on the Gold Coast and on the racing calendar.”
Commenting on the fact that some contestants from January find themselves competing in a $1 million race in May, Bowditch said, “I think that validates the race series and what they can race for when they buy a Magic Millions yearling. These horses always get another bite of the cherry, which is fantastic.”