01/10/2013 11:06AM

Magic Millions sale: Coolmore goes to seven figures for Fastnet Rock colt

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After a red-hot opening day, the stallion Fastnet Rock continued his popularity on the second day of the Magic Millions Gold Coast yearling sale, as Coolmore Australia went to seven figures for a colt by the sire during Thursday's session at the Magic Millions Sales Complex in Gold Coast, Queensland, Australia.

In all, 138 horses were sold at Thursday's session for total receipts of $18,742,500 in Australian currency, or about $19,831,837, posting an average price of $143,709.

Through the first two sessions, 273 horses have sold for a total of $38,216,432, an increase of 8 percent compared with last year's sale at this point. Cumulative average of $139,987 is up 3 percent, while median is up 5 percent to $111,109 through two days.

Tom Magnier of Coolmore Australia signed the ticket for a $1,428,553 ($1.35 million Australian) Fastnet Rock colt, a new high price for the sale so far. Fastnet Rock was represented by three yearlings among the top five prices on Thursday.

Consigned by Lomar Park Stud, the colt is out of the winning Mister C. mare Smart Company, dam of two winners from as many to start, including stakes-placed Divine Choice. Smart Company is a full sister to Group 1 winner Super Elegant, Group 2 winner Elegancy, and Group 3 winner Mister Elegant.

"We know how the well the stallion is going and the colt is a lovely individual," Magnier said. "He is by the right sire and we're delighted to have him. You have to pay for the good ones and he's a good one. He has the type and the pedigree."

The six-session sale continues through Tuesday, Jan. 15, with a dark day on Monday.

For hip-by-hip results, click here.