The Magic Millions is one of the biggest Australian Thoroughbred racehorse sales in Australia. Taking place on the Gold Coast in Queensland each January, it spans across eight days and attracts buyers from Hong Kong, Europe and the Middle East.
Originating back in 1986, the event has had its ups and downs over the years. If it wasn’t for a couple of entrepreneurs, retail mogul Gerry Harvey and advertising giant John Singleton, the Millions would have gone bust in the mid 90’s. On the brink of bankruptcy, both Harvey and Singleton took it upon themselves to return the event to its former glory. Through better funding, smarter advertising and wider coverage, the Magic Millions has become one of the premier horse auctions around the globe. In recent years, the Godolphin stables, which are owned by the ruling family of Dubai, have been prominent buyers at the auction, purchasing over a dozen thoroughbreds in the last decade.
Some champion horses have been a product of the Millions sales and gone on to be very successful, not only on the Australian circuit, but also at an international level. Mahogany was sold in 1992, and went on the win both the Group 1 Victoria Derby and the Group 1 Australian Derby.
Subzero was part of the 1990 auction, going on to win the Group 2 Adelaide Cup and then performed on the grandest stage in Australian Horse Racing, winning the 1992 Melbourne Cup.
It is not only the horses that star at this event. Some of Australia’s best trainers make the trek to the ‘Glitter Strip’ to be a part of equine history. They include Melbourne Cup winner Gai Waterhouse, Melbourne Cup and Cox Plate champion David Hayes, and the legendary Lee Freedman, who has won the race that stops a nation five times.
Of course, the Magic Millions Sales are complimented by rich racing at the Southport track and form a part of the Queensland Summer Racing Carnival. The major events of the race day are the 2YO Magic Millions Classic and the 3YO Magic Millions Guineas . A host of other races restricted to horses which have gone through the MM sales ring round out the Magic Millions Race Day.