Top hopes in the Magic Millions Sales
AUSTRALIAN Thoroughbred Breeders Association president Basil Nolan is upbeat about the hopes for breeders at the Magic Millions Sale at the Gold Coast this week.
"I expect prices will be at least similar to last year," he said.
"They sold 80 per cent of the catalogue last year and the average was up a little.
"There have been quite a lot of inspections but they have to turn into buyers.
"Most of the usual breeders from Warwick have horses in the sale."
Basil said he expected interest to increase after the announcement that $10 million would be on offer at the Magic Millions Race Day next year.
"It will be the richest race day in Australia, more than on Melbourne Cup day," he said.
Yearlings offered this year will be eligible for the $2.5 million two-year-old race next year and yearlings offered at the Magic Millions last year can go in a $2 million three-year-old race next year. There will be six races with $1 million minimum prize money next year.
Basil and Diane Nolan, son Basil jnr and his wife Natalie Nolan from Raheen Stud at Gladfield have 12 lots in the catalogue.
"It is probably the best line-up of horses we have offered," Basil said.
Basil and Diane's son Tim operates a thoroughbred stud in the Hunter Valley in New South Wales and has eight yearlings for sale.
Lyndhurst Stud, Nick and Mary Nolan (Noralla), Gerard and Jan Nolan (Rosari) and Daandine Pastoral Company from Goomburra are some of the other studs with horses in the catalogue this week.