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2017 Magic Millions Gold Coast

Breeding
DamienWyerDamienWyer    7,987 posts
Breeding
Bit of a surprise on how day one has gone. Lots of buyers on hand but prices don't seem that flash.

Good time to be a buyer.
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Comments

  • paraleticparaletic    3,750 posts
    I think after last year people are holding onto their coin?
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  • FastmoneyFastmoney    4,912 posts
    Clearance rate and average above last years day 1.
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  • FastmoneyFastmoney    4,912 posts
    edited January 2017
    Day One

    Clearance 85.75%

    Gross $35907000

    Ave. $192016

    Top Lot $900000
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  • DamienWyerDamienWyer    7,987 posts
    The last few lots really soared the averages. Be interesting as the next couple of days the stock gets a bit better.
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  • FastmoneyFastmoney    4,912 posts
    edited January 2017
    Top Lot

    Dundeel-Miss Finland.


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  • FastmoneyFastmoney    4,912 posts
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  • TiversTivers    7,720 posts
    edited January 2017
    Ave $192k
    Plus GST $19k
    Insurance $10k
    Handling & Transport home $5k
    Year 1 breakers, keep etc $10k

    $236k before entering training.
    Assume 2 years at $20k each = $275k to round it off.

    Standard Saturday win stake without WestSpeed - $36k x 85% = $30,600
    So with no WestSpeed eligibility, you need to WIN 9 Saturday races to just break even, with an Average priced horse.
    Can't think of many horses that have won 9 races.

    Happy to watch from here..................... 

    Winsumlosesum, thefalcon, RIO, Gilgamesh, TheDiva likes this post.

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  • thefalconthefalcon    20,485 posts
    you are a pragmatic guy and a lateral thinker, Tivs.
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  • RIORIO    14,902 posts
    thefalcon said:

    you are a pragmatic guy and a lateral thinker, Tivs.

    nah he's a tight wad. Who would buy one over there at average price for standard Saturday racing in WA???? An average horse over there, if bought back here would be done so on the basis of getting into stakes/listed adn WA Group races. So woudl probably need 4 or 5 wins to break even or better.
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  • tonytony    2,436 posts
    I see Morton bought a More than Ready for 160k.
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  • FastmoneyFastmoney    4,912 posts
    tony said:

    I see Morton bought a More than Ready for 160k.

    He bought 2 More Than Ready fillies.

    The other one for $80k.
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  • thefalconthefalcon    20,485 posts
    ^^ time to suck a few gullibles in.... :D

    VillageKid likes this post.

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  • FastmoneyFastmoney    4,912 posts
    thefalcon said:

    ^^ time to suck a few gullibles in.... :D

    Maybe the Man Booker and Dainty Tess owners.

    RIO likes this post.

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  • paraleticparaletic    3,750 posts
    Just got an email from Spicer Thoroughbreds asking for 30k for a 10% share in a horse they bought today. My car that i use for work of which i need to make a living didnt even cost 30k from brand new. Where TF do people get this sort of money??

    RIO likes this post.

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  • WinsumlosesumWinsumlosesum    138 posts
    paraletic said:

    Just got an email from Spicer Thoroughbreds asking for 30k for a 10% share in a horse they bought today. My car that i use for work of which i need to make a living didnt even cost 30k from brand new. Where TF do people get this sort of money??

    Did they pay 300k for the horse?
    paraletic said:

    Just got an email from Spicer Thoroughbreds asking for 30k for a 10% share in a horse they bought today. My car that i use for work of which i need to make a living didnt even cost 30k from brand new. Where TF do people get this sort of money??


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  • paraleticparaletic    3,750 posts
    I dont know what they paid. From experience they usually add on alot of the fees that Tivers was referring to before selling the shares on.

    Winsumlosesum likes this post.

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  • DamienWyerDamienWyer    7,987 posts
    I've never bought a horse without already having someone owning it at that price. The practice of syndicated purchases only adds to the cost but the risk for unsold shares is huge.

    Nevershowsurprise dislikes this post.

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  • paraleticparaletic    3,750 posts
    Winsumlosesum said:

    paraletic said:

    Just got an email from Spicer Thoroughbreds asking for 30k for a 10% share in a horse they bought today. My car that i use for work of which i need to make a living didnt even cost 30k from brand new. Where TF do people get this sort of money??

    Did they pay 300k for the horse?
    paraletic said:

    Just got an email from Spicer Thoroughbreds asking for 30k for a 10% share in a horse they bought today. My car that i use for work of which i need to make a living didnt even cost 30k from brand new. Where TF do people get this sort of money??


    they paid $240k for the horse

    Winsumlosesum likes this post.

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  • thefalconthefalcon    20,485 posts
    so 60k for "sundries"?
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  • TiversTivers    7,720 posts
    $240k is actually $264k (incl GST) for starters

    So that's $36k
    They'd definitely insure it - so there's another $10k
    So you're down to $25k or so margin - circa 10%
    And plenty to pay for yet.

    (Not defending syndicators prices btw there, more so pointing out all the extra costs many don't consider - ie over and above the hammer price)

    RIO, TheFunkster likes this post.

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  • lamelame    1,757 posts
    The good WA mare moccasin bend's , Not a Single Doubt colt sold well
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  • DamienWyerDamienWyer    7,987 posts
    Sold Resetgold for $20,000 she was sent to I Am Invincible, who stood for $27,500 that year and the resulting filly sold today for $260,000.

    Currently in foal to Zoustar, they are averaging this week $200,000 and up to a high of $400,000.

    Interesting results coming out of this sale. Was told by someone on the grounds, who has a lifetime of experience, that the colt in question was 'badly offset'. He sold for $1,000,000.

    Another selection was referred to as 'didn't think much of him' he made $400,000.

    Yet another  definitive 'NO' also sold today for $400,000.

    From the family of Petrol Power, told no on Vet exam of xray, sold for $250,000.

    Another xray reject made $575,000.

    I can only imagine how expensive Sydney Easter is going to be this year.
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  • TiversTivers    7,720 posts
    edited January 2017
    Exactly my point above.
    Imagine what the "below average" ones are like.................

    No doubt a gem or two among them and plenty of good future earning horses yes, but got to be a 1/100 chance of even getting your purchase price back bringing them back to race here.

    In saying that - those examples you speak of above Damo are more than likely pre-arranged.
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  • DamienWyerDamienWyer    7,987 posts
    Blackfriars half to Delicacy just sold for $330,000 to Malaysia
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  • FastmoneyFastmoney    4,912 posts
    edited January 2017
    After Day 2

    Clearance 88%

    Gross $78,792,000

    Average $205,762 (L/Y $191,031)

    Top Lot $1.3m

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  • TheDivaTheDiva    13,248 posts
    thefalcon said:

    you are a pragmatic guy and a lateral thinker, Tivs.

    what? he's a tightass accountant... that is all. 

    RIO, lame, GaryH likes this post.

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  • thefalconthefalcon    20,485 posts
    can he fiddle books...oops, I mean is he a progressive thinker?
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  • RIORIO    14,902 posts
    Don't know about Progressive. By definitely Impresive!!! Hahaha
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  • thefalconthefalcon    20,485 posts
    ^^^ good one, rio...you'll make slip jealous.... :D

    RIO likes this post.

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  • TiversTivers    7,720 posts
    #trending
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