New Point-to-Point bonus scheme for young horses
Emerging online auction house Thoroughbid has introduced an innovative Point-to-Point bonus, called Point2Rules. The scheme offers horses aged 4, 5 and 6 sold in a ThoroughBid auction the chance to land a £5,000 bonus for their new connections if going on to win their first start under rules. In addition, any graduate of a British Point-to-Point winning on their rules debut will qualify for an extra £10,000.
Leading Point-to-Point trainer Charlie Poste was delighted with the news and said: “I think it’s a fantastic incentive. To say to buyers that there’s a very realistic chance they can recoup a good chunk of their purchase price within 12 months is a big carrot, and even more so if you’re buying British.
“Fair play to ThoroughBid for throwing their weight behind the Point-to-Point scene and coming up with something innovative. It’s definitely something I’ll look to support.”
To qualify for the bonus, horses must not have run in any race other than an English or Irish sanctioned Point-to-Point Steeplechase or Point-to-Point Bumper and the subsequent win under rules, Hunter Chases excluded, must fall within 12 months of the date of the ThoroughBid sale in which the horse was sold. Bonuses to be split: 60% owner, 20% trainer and 20% stable staff.
ThoroughBid’s next auction, the first sale where the new Point2Rules Bonus will apply, is the Christmas Sale on Sunday 19th December and entries close on Friday 10th December, just two days before the International at Barbury. The Avon Vale stages a Bumper and a four & five year olds maiden from which winners can qualify. Will Kinsey, co-founder of ThoroughBid, said “In recent years the Point-to-Point market has seen huge growth, not only in sales but also its importance within the industry. These bonuses are borne out of ThoroughBid’s desire to support vendors and provide another avenue for them to sell their stock."
ThoroughBid’s presence in the bloodstock world continues to grow, most recently successful in selling Grade 1-winning hurdler Belfast Banter for £130,000. The winner of the County Hurdle and Aintree's Top Novices is headed to the USA to continue his career in east coast steeplechasing.