Magic Millions
Magic Millions Sales Pty Ltd is an Australian Thoroughbred racehorse auction house which holds a sale each January at Surfers Paradise in Queensland. Eight days of auctions are joined by a major Thoroughbred horse race meeting where all ten races are only open to horses who were bought at auctions staged by Magic Millions over the previous years. The race events includes the Magic Millions Classic for two-year-olds.
The Magic Millions is considered to be a top level auction in global racing circles, with buyers from Hong Kong, Japan, Europe and the Middle East. The Godolphin stables, owned by the ruling family of Dubai, have been prominent buyers at the auction in recent years. The record for an individual horse purchase was made by Patinack Farm twice at the 2008 Magic Millions where that team spent $2.2 million on two Redoute's Choice colts - one a three quarter brother to Dance Hero and one a three quarter brother to their stable star Casino Prince.
In the late 1990s the auction house was almost bankrupt. It was bought by three business men, including the Australian retail entrepreneur and horse breeder Gerry Harvey and Australian advertising entrepreneur John Singleton. Both set about reviving the fortunes of the auction. As of 2015, Magic Millions is co-owned by Harvey and his wife and business partner, Katie Page.