Australian Bloodhorse Bulletin September 1975. Published by the Bloodhorse Breeders’ Association of Australia
With the blinding coruscating glitz of the Magic Millions extravaganza for 2022 fast approaching on the Gold Coast it might be time to reflect on the remarkably steep upward inflationary spiral which has benefited the thoroughbred industry in Australia within 50 years.
The average price for yearlings actually sold in Australia in 1975 (2532) was $4,210:00; down on 1974 = $5357:00 for 2372 lots sold. The stake money for the Melbourne Spring Racing Carnival in 1975 was a projected total of $2,120,000:00.