“A Transformational Week”
“The support of Racing SA through increased Prizemoney and perhaps more notably the recently re-launched and financially bolstered Racing Rewards Scheme (formerly SABOIS), gave the 2021 Adelaide Magic Millions sale a new lease of life and has encouraged me (Cornerstone) to reinvest back into South Australian Racing and Breeding” declared Sam Hayes in a recent Channel 7 interview.
The effect of Racing SA’s revamped support in 2021 can be wholly reflected by the increased investment by South Australian based trainers and owners in a sale that grossed $15 million and saw a burgeoning buying bench from all over the state. In 2020 SA trainers and owners invested $3.78 million, but as a direct consequence of Racing SA’s support that figure swelled to $4.99 million in 2021.
Additionally, Magic Millions has to be commended for delivering a smaller catalogue of refined quality that resulted in the average price rising from $34,399 through to $47,769 in 2021 and a sales aggregate increasing by $2.81 million from $12.14 million in 2020 to $14.95 million, despite 63 fewer horses.
From a draft of 28 yearlings, Cornerstone were rewarded with record results and a clearance of rate of 92.8% and an average price of $55,000 in Book 1 and gross sales of $1.56 million. Placing these statistics into context, in 2020 Cornerstone only achieved a gross of only $417,500 in 2020 and an average price of $29,800 with a meagre clearance of 77%.
With an eye to the future of Breeding in South Australia, it was the sales success of SIR PRANCEALOT that delivered a very positive feeling to both the Stud and to those that have invested in SA Racing and Breeding. The 15 sold lots by Cornerstone’s resident stallion averaged $45,800, delivering a notable 4 times return on a 2018 service fee and he was the highest grossing stallion in the sale, with a top priced colt of $100,000 to Leon MacDonald and top priced filly of $90,000 to Lindsay Park Racing. Furthermore it was encouraging to read the buyers of SIR P’s reading like the whose-who of racing and included Tony McEvoy, Gordon Richards, Mick Huxtable and Travis Doudle