ThoroughBid, the UK's first dedicated online auction house for the buying and selling of thoroughbreds, has been launched and will hold its first sale this summer.
To sell horses in training, foals, yearlings and broodmares, ThoroughBid was established by Ross Alberto and Will Kinsey.
The service will provide a secure entry and listing process and the flexibility to host sales to suit market demand, and vendors’ proceeds being made available seven working days from hammer fall. The vendor is to receive 100 per cent of the hammer price, while the purchaser pays five per cent commission.
“The launch of ThoroughBid is by no means a reaction to the way the world has been over the last year or so, but a project we’ve been working on for much longer,” said Alberto.
“Our intuitive platform and dedicated approach to online sales sets us apart from existing operators, providing both vendors and purchasers easily accessible opportunities to trade at all levels.”