Tatts Ireland suspends online Bidpoint service
Tatts Ireland will concentrate on selling pointers at Ascot and Cheltenham
Tatts Ireland suspends online Bidpoint service By Martin Stevens 3:16PM 24 AUG 2016
TATTERSALLS IRELAND has suspended its online auction facility Bidpoint ahead of the upcoming point-to-point season.
The initiative was launched last February, with owners and trainers able to flag up a point-to-point horse as being up for sale at the entry stage, with prospective buyers able to bid on a horse for around 48 hours after a race.
However, Tattersalls Ireland director of horses in training Richard Pugh said: "We were satisfied with Bidpoint in the early stages but a number of factors have contributed to this difficult decision.
"Bidpoint seemed to appeal to the British point-to-point fraternity from the outset but, as we know, the Irish point-to-point vendor has found this a challenging market with new rules in the UK restricting much of the trade in this area. It is a restriction that is affecting a section of the industry across all platforms but it probably had the greatest impact on Bidpoint.
"We have also acquired a large new sales portfolio with 15 new dates under the banner of Tattersalls Ireland at Ascot and Cheltenham and these venues are proving extremely popular for Irish point-to-point vendors. They require notable resources as we build our brand at both of these venues, which performed extremely well in our first year.
"We have learned a lot about market demand for this type of platform over the last 18 months or so and look forward to applying this in other spheres moving forward."