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Magic Millions
Magic Millions Sales Pty Ltd is an Australian Thoroughbred racehorse auction house which holds auctions around Australia each year including its world famous Gold Coast Yearling Sale at Surfers Paradise in Queensland. Seven days of auctions are joined by a major Thoroughbred horse race meeting where all nine races are only open to horses who were bought at auctions staged by Magic Millions over the previous years. The race events includes the $2 million Magic Millions Classic for two-year-olds - a race which carries a $500,000 bonus for all female raced runners. The Gold Coast Raceday alone boasts prizemoney of $10 million and was the first race meeting held in Australasia with a $10 million total purse. The Gold Coast Yearling Sale is considered to be a top level auction in global racing circles, with buyers from Hong Kong, Japan, Europe, South Africa, New Zealand, China, the United States and the Middle East. The record for an individual horse purchase as a yearling was made b ...
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Thoroughbred
The Thoroughbred is a horse breed best known for its use in horse racing. Although the word ''thoroughbred'' is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed. Thoroughbreds are considered " hot-blooded" horses that are known for their agility, speed, and spirit. The Thoroughbred, as it is known today, was developed in 17th- and 18th-century England, when native mares were crossbred with imported Oriental stallions of Arabian, Barb, and Turkoman breeding. All modern Thoroughbreds can trace their pedigrees to three stallions originally imported into England in the 17th and 18th centuries, and to a larger number of foundation mares of mostly English breeding. During the 18th and 19th centuries, the Thoroughbred breed spread throughout the world; they were imported into North America starting in 1730 and into Australia, Europe, Japan and South America during the 19th century. Millions of Thoroughbreds exist today, a ...
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Horse Racing
Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys (or sometimes driven without riders) over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity. Horse races vary widely in format, and many countries have developed their own particular traditions around the sport. Variations include restricting races to particular breeds, running over obstacles, running over different distances, running on different track surfaces, and running in different gaits. In some races, horses are assigned different weights to carry to reflect differences in ability, a process known as handicapping. While horses are sometimes raced purely for sport, a major part of horse racing's interest and economic importance is in the gambling associated with ...
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Auction
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history. Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically. Auctions are applied for trade in diverse contexts. These contexts include antiques, paintings, rare collectibles, expensive wines, commodities, livestock, radio spectrum, used cars, real estate, online advertising, vacation packages, emission trading, a ...
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Surfers Paradise, Queensland
Surfers Paradise is a Suburbs and localities (Australia), suburb in the City of Gold Coast, Queensland, Australia. In the , Surfers Paradise had a population of 23,689 people. Colloquially known as "Surfers", the suburb has many high-rise apartment buildings and a wide surf beach. The feature of the heart of the suburb is Cavill Avenue, Cavill Mall, which runs through the shopping and entertainment precinct. Cavill Avenue, named after Jim Cavill, an early hotel owner, is one of the busiest shopping strips in Queensland, and the centre of activity for night life. One of the features of the area is the Surfers Paradise Meter Maids designed to build goodwill with tourists. Surfers Paradise is the Gold Coast, Queensland, Gold Coast's entertainment and tourism centre and the suburb's high-rise buildings are the best known feature of the city's skyline. In 2009 as part of the Q150 celebrations, Surfers Paradise was announced as one of the Q150 Icons of Queensland for its role as ...
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Queensland
) , nickname = Sunshine State , image_map = Queensland in Australia.svg , map_caption = Location of Queensland in Australia , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , established_date = Colony of Queensland , established_title2 = Separation from New South Wales , established_date2 = 6 June 1859 , established_title3 = Federation , established_date3 = 1 January 1901 , named_for = Queen Victoria , demonym = , capital = Brisbane , largest_city = capital , coordinates = , admin_center_type = Administration , admin_center = 77 local government areas , leader_title1 = Monarch , leader_name1 = Charles III , leader_title2 = Governor , leader_name2 = Jeannette Young , leader_title3 = Premier , leader_name3 = Annastacia Palaszczuk ( ALP) , legislature = Parliament of Queensland , judiciary = Supreme Court of Queensland , national_representation = Parliament of Australia , national_representation_type ...
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Thoroughbred Horse Race
Thoroughbred racing is a sport and industry involving the racing of Thoroughbred horses. It is governed by different national bodies. There are two forms of the sport – flat racing and jump racing, the latter known as National Hunt racing in the UK and steeplechasing in the US. Jump racing can be further divided into hurdling and steeplechasing. Ownership and training of racehorses Traditionally, racehorses have been owned by wealthy individuals. It has become increasingly common in the last few decades for horses to be owned by syndicates or partnerships. Notable examples include the 2005 Epsom Derby winner Motivator, owned by the Royal Ascot Racing Club, 2003 Kentucky Derby winner Funny Cide, owned by a group of 10 partners organized as Sackatoga Stable, and 2008 Kentucky Derby winner Big Brown, owned by IEAH stables, a horse racing hedgefund organization. Historically, most race horses have been bred and raced by their owners. Beginning after World War II, the commercia ...
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Magic Millions Classic
The Magic Millions 2YO Classic is a Gold Coast Turf Club Restricted Listed Thoroughbred horse race. The race is conducted under set weights and is restricted to two year old horses that were bought at a Magic Millions Sale auction. Eligible auctions are held at Gold Coast, Tasmania, Perth and Adelaide. Prizemoney is $2,000,000. History The race was first held in 1987 and has always been held at set weights. The race forms part of the Magic Millions carnival which incorporates the Gold Coast Yearling Sale and the Magic Millions Raceday is fully restricted to horses that have been sold or passed-in at one of the Magic Millions sales. Magic Millions along with Racing Queensland introduced a revamped Queensland Summer Racing Carnival in 2017, increasing the prizemoney on offer to make it Australia's first $10 million raceday. In 1988 the race was split to hold separate sex divisions for fillies and for colts & geldings and in 1991 was reverted to a mixed sex race. Held in January every ...
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Gerry Harvey
Gerry Harvey (born 18 September 1939) is an Australian entrepreneur best known for being the executive chairman of Harvey Norman Holdings, a company which runs Australian retail chain Harvey Norman. He co-founded it with Ian Norman in 1982. Biography Harvey was born in rural New South Wales and attended school at Bathurst and Katoomba before moving to Sydney to go to university when he was 17, but he dropped out. He got his start early, selling vacuum cleaners and fridges door-to-door for Goodwins of Newtown. When he was younger, Harvey was determined to be a farmer. Harvey first met Ian Norman while both were working as door-to-door vacuum salesmen. They partnered to open their first store in Sydney in 1961. The chain, which was called Norman Ross, expanded to forty-two stores with annual sales of 240 million by 1979. This company was sold in 1982 to firstly Grace Bros. for $23 million, then was onsold to Alan Bond's Walton Bond company. After that transaction was com ...
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John Singleton (Australian Entrepreneur)
John Desmond Singleton (born 9 November 1941) is an Australian entrepreneur. He built his success and wealth in the advertising business in Australia in the 1970s and 1980s. He now has diverse investment interests in radio broadcasting, publishing and thoroughbred breeding and racing. In 2019, Singleton sold his 32.2% stake in Macquarie Media for A$80 million, to Nine Entertainment. Early life Singleton was born in the Sydney suburb of Enfield and educated at Fort Street High School. Advertising career He commenced a career in advertising in 1958 as a mail boy in the Sydney office of J. Walter Thompson and after five years took a creative role at Berry Currie Advertising. Five years hence he was the Creative Director at that agency. In 1968 together with his Art Director partner Dunc McAllan, he started his own agency in Sydney and the pair soon teamed-up with Rob Palmer and Mike Strauss who had an existing small Melbourne shop with media buying accreditation to start ...
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Katie Page
Kay Leslie "Katie" Page (born 1956) is an Australian business executive and the CEO of retailer Harvey Norman. In 2015, she was ranked fourth on the list of the "50 most powerful women in business". She is a backer of several professional sports and an active promoter of women in sports. Early life and education Page was born in Mareeba, Queensland, Australia. She has three sisters. Her father, a bank manager, relocated the family approximately every four years, and Katie and her sisters grew up in St George, Rockhampton, and Brisbane. She graduated from Brisbane State High School in 1973 and planned to become a surveyor, but was discouraged by the low pay available then for women. She moved to Sydney, posing as a 21-year-old. When she was 19, she competed in an "intelligence test" to raise funds for children with autism; Gerry Harvey was one of the judges. Six years later, Harvey offered her a position as an assistant at his new Harvey Norman store. Page worked in ad buying, sale ...
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Kentucky Derby
The Kentucky Derby is a horse race held annually in Louisville, Kentucky, United States, almost always on the first Saturday in May, capping the two-week-long Kentucky Derby Festival. The competition is a Grade I stakes race for three-year-old Thoroughbreds at a distance of at Churchill Downs. Colts and geldings carry and fillies . It is dubbed "The Run for the Roses", stemming from the blanket of roses draped over the winner. It is also known in the United States as "The Most Exciting Two Minutes in Sports" or "The Fastest Two Minutes in Sports" because of its approximate duration. It is the first leg of the American Triple Crown, followed by the Preakness Stakes, and then the Belmont Stakes. Of the three Triple Crown races, the Kentucky Derby has the distinction of having been run uninterrupted since its inaugural race in 1875. The race was rescheduled to September 2020 due to the COVID-19 pandemic. The Preakness and Belmont Stakes races had taken hiatuses in 1891–18 ...
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Prix De L'Arc De Triomphe
The Prix de l'Arc de Triomphe is a Group 1 flat horse race in France open to thoroughbreds aged three years or older. It is run at Longchamp Racecourse in Paris, France, over a distance of 2,400 metres and scheduled to take place each year, usually on the first Sunday in October. Popularly referred to as the "Arc", it is the world's most prestigious all-aged horse race. Its roll of honour features many highly acclaimed horses, and its winners are often subsequently regarded as champions. It is currently the world's second-richest turf race (behind The Everest). A slogan of the Prix de l'Arc de Triomphe, first used on a promotional poster in 2003, describes the event as "''Ce n'est pas une course, c'est un monument''" – "It's not a race, it's a monument". History Origins The Société d'Encouragement, a former governing body of French racing, had initially restricted its races to thoroughbreds born and bred in Fran ...
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