Bowditch Urges International Buyers To Capitalise On Value On Offer At Magic Millions

[Wandering Eyes]

Barry Bowditch, managing director at Magic Millions, has urged international buyers to take a peek at the riches on offer at the upcoming Gold Coast National Broodmare Sale and capitalise on what he says is outstanding value on offer. 

Not only is Bowditch referring to the favourable exchange rate to anyone rocking up to Magic Millions with US dollars, euros or pounds, but he also acknowledged that for whatever reason, broodmares Down Under fail to fetch a premium compared to other jurisdictions. Therein lies the value for international players. 

The broodmare sale takes place on May 27 and 28 and features a host of Group 1-winning mares with pedigrees to die for. Asked to nominate just one as a potential sale-topper within the stellar cast, Bowditch put forward Zougotcha, a multiple Group 1-winning daughter of Zoustar, who is one of many Chris Waller-trained graduates that are expected to light up the sales ring. 

He said, “Zougotcha is a complete and utter standout. She's an outstandingly-bred Zoustar mare who has won three Group 1s. It is a pedigree that is extremely commercial and this mare has all of the performances under her belt to make her a hot commodity. She has just retired recently having been trained by Chris Waller and, if you were to rank all of the mares who have gone to market in this part of the world this year, in our opinion she is the number one seed.”

Bowditch added, “Quality mares this side of the world are incredibly cheap compared to when you walk into a sales ring in Tattersalls, Keeneland or anywhere else in the world really. And that's before you even consider the exchange rate. The international player has a serious advantage and, when you take into account how the industry is performing down here, it's an extraordinarily buoyant industry so these mares are extremely cheap in comparison to other jurisdictions. Whether that be Zougotcha or even Imperatriz, who was a ten-time Group 1 winner and sold for A$6.6 last year, these mares are certainly cheap and all international buyers should be paying attention to our sale.”

The Gold Coast National Broodmare Sale is not just a concentration of Australian pedigrees, either. A host of international superstars have progeny on show and Bowdwitch is confident that the catalogue will appeal to buyers from all over the world.

He said, “It is an important sale in this part of the world and, when you look at the broodmare catalogue, we've a dozen or so Group 1 winners and then there are 160 stakes-performing horses within the catalogue on the whole. It shows that you can come to our sale with confidence and know that there is plenty of variety on offer and plenty of opportunity as well.”

He added, “We also have mares in foal to some of the best sires in the world – I Am Invincible, Zoustar, Extreme Choice and Too Darn Hot – so it is a sale for everyone. There are a couple of other big names worth noting, including supplementary entry Lady Laguna. Again, she is a Group 1 winner and is still racing – actually ran in a Group 1 on Saturday. She is a young mare with great bloodlines being out of an Encosta De Lago mare. These are outstanding bloodlines and she is a mare who will be well sought after. Then you have Atishu, who is a star mare. A three-time Group 1 winner, she is a winner of 11 races in total and is by Savabeel. Again, this is another mare to retire from the Chris Waller stable and she will have huge appeal.”

On some of the faces that might show up to the sale this week, he concluded, “We are engaging globally with a number of international clients who are known to us as well as clientele that are known to the market more generally. We're hopeful of having good international participation. Whether that's from America, Europe, Japan or possibly the Middle East, we hope to have engaged with a great cross section of buyers not just on the big mares, but on the middle market as well. And that's the beautiful thing about our sale – as much as we have plenty of stock at the elite level, there is something there at every price point.”

The post Bowditch Urges International Buyers To Capitalise On Value On Offer At Magic Millions  appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

View the full article