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Record results at Magic Millions

Horse race

The State Government says record sales at Tasmania’s annual Magic Millions yearlings sales shows that confidence is at record highs in the State’s racing industry.

The event was moved from its traditional site at Inveresk to the Agfest site at Carrick, and it proved to be a big pay day for breeders.

The highest-priced lot sold for $150,000 and was one of six six-figure yearlings at the auction.

Minister for Racing Jane Howlett says buyers are demonstrating their confidence in Tasmanian-bred horses, with records set for average prices and gross sales.

"I congratulate Tasbreeders and those buyers who have invested in Tasmanian bred horses and thank Magic Millions for its continued support for the sales, despite the difficulties caused by the pandemic and the change of venue," Ms Howlett said.