Nine young horses repossessed by Magic Millions in the wake of the spectacular collapse of BC3 Thoroughbreds will be sold at the January sale on the Gold Coast.

The seven two-year-olds and two yearlings already in the catalogue will be auctioned unreserved on behalf of Magic Millions.

The two yearlings were bought as weanlings while the seven two-year-olds will be offered for sale after the last catalogued lot at the Saturday night session on January 11.

The most expensive of the two-year-olds at the 2013 sale is an Encosta De Lago-Jannah colt who was knocked down for $425,000.

William Inglis and Son have eight BC3 horses for private sale.

The auction house says its instructions are to sell the horses above their original purchase price, the most expensive of which is a Fastnet Rock-Gambei filly knocked down for $781,000.

Inglis also holds security over the $5 million half-brother to Black Caviar.

The colt remains in the Werribee Veterinary Clinic where he is undergoing treatment for the life-threatening hoof disease laminitis.

BC3 went into voluntary administration earlier this month, shortly after its chairman Bill Vlahos resigned.

Inglis managing director Mark Webster said until this year BC3 had been a respected client and paid its bills on time.

Vlahos is embroiled in a multi-million dollar lawsuit over money missing from a so-called punters' club he was running separately to BC3.

Last week, Vlahos filed for bankruptcy and missed a scheduled appearance in the NSW Supreme Court, saying he could not afford the plane fare from Melbourne.