Bowditch celebrates record price
At the close of trade, Magic Millions reported $144,500,000 had been spent on 521 lots at a clearance rate of 80 per cent, which is down 6.7 per cent from the same point 12 months earlier, which finished with an aggregate of $155,338,000 with a clearance of 85 per cent.
The average also dropped 4.2 per cent to $277,351, while the median took a hit, finishing at $200,000, a nine per cent drop from the $220,000 recorded after day three last year.
Bowditch said he was buoyed to see a new buyer come to the table on Thursday.
“It’s an outstanding feather in our cap to have a new record price here at Magic Millions of $2.8 million and fantastic to have Ciaron [Maher] bringing new, interested, international parties to the sale and that’s always an exciting thing.
“It was a great bidding duel between two of Australia’s most outstanding trainers on the colt.
“There was spirited bidding on him from five or six different parties well above $1.5 million, so there’s obviously great depth to the market.
“The overall average of $277,000 is holding very well, I think that’s fantastic, the median is holding at $200,000, a new top price of $2.8 million and a clearance rate of 80 per cent.
“I think these numbers are very genuine numbers, numbers that we’re pleased with and numbers that we expect during tomorrow’s Howden Super Session to continue to build upon and to break through that $200 million barrier tomorrow.”