Street Cry (IRE) still leads the sires by average list at the 2016 Magic Millions Yearling Sale after two sessions with nine youngsters averaging $369,444, but it was Snitzel that put the star power into the day with a pair of colts selling for upwards of $1million.

John Singleton's Strawberry Hill Stud produced the showstopper when their colt from 2006 Magic Millions 2YO Classic winner Mirror Mirror fetched $1.6 million to the bid of Jadeskye Racing / Gerald Ryan.

The star colt is the third living foal of Dehere (USA) mare Mirror Mirror, whose first foal, stakes-winning Redoute's Choice filly No Looking Back, won the Magic Millions 2YO Classic in 2012, before losing the race on protest to stablemate Driefontein.

Strawberry Hill Stud purchased Mirror Mirror as a yearling at Magic Millions back in 2005 for $120,000, so she's proven to be an outstanding investment!

Also selling for $1.1 million earlier in the day was the Snitzel colt from Flidais. A full brother to Group I winner Sweet Idea, he was bought by Dean Hawthorne Bloodstock.

Bloodstock tyros James Harron and Henry Field knew they had to take a different approach if they were going to survive and flourish against the big boys of the breeding world and by backing their own judgment and getting a little colt called Capitalist they have done just that.

Harron and Field are brothers-in-law and put together a syndicate to buy colts at the yearling sales last year. It turned into a $7 million investment and for that you need backers. When you're in your early 30s, it also needs to work or you're not going to get another chance for a while.

In four months, Capitalist has made the gamble pay off by winning Saturday's Magic Millions Classic and assuring himself a career as a stallion at Field's Newgate Farm.

"We are already getting his name plate ready at the farm, but he has a bit of racing to do before he gets there," said Field, who was left in tears by the win on Saturday.

The lucrative $5million Inglis Race Series for 2015 Inglis yearling sale graduates kicked off today with a tough win by Inglis Premier graduate Dalradian in the $250,000 RL Inglis Banner for two-year-olds over 1000m at Moonee Valley.

Stepping out for the second time in his career following a convincing debut win at Bendigo last week, Dalradian (Reward For Effort x Miss Ireland) fought off strong competition from Valliano and Pearl Congenial to earn his first black type victory under the guidance of Brad Rawiller.

Trainer Darren Weir admitted that the bulk of his accolades weren't due to two-year-old races, but that this colt was particularly special. "I don't train many two-year-olds, but this boy is the real deal,” said Weir.

Zac Purton and Tony McEvoy struck the opening blow on 2015 Melbourne Cup day when striking two-year-old filly Concealer (Nicconi x Beauty Kit) took out the $150,000 Group III Emirates Airline Plate (1000m).

Concealer wins the opening event at Flemington on 2015 Melbourne Cup day. Photo: Darryl Sherer
Hong Kong-based Purton, an internationally renowned big-race rider, is in town to partner Melbourne Cup favourite Fame Game and was snapped-up by McEvoy for the opening event.