Bonhams in the do-do?
Discussion
Iva Barchetta said:
The only winners will be the lawyers once they've spent ages untangling who has/had title.
2 daughters of deceased blokes fighting over it.
Saucer of milk, table two...2 daughters of deceased blokes fighting over it.
This case/dispute has been known for some years now, though the Bonhams association and potential loss could be interesting.
http://www.gatsbyonline.com/main.aspx?page=text&am...
If the ownership dispute has been known about for years, how can bonhams sell it? I expect this is central to the legal but.
Im sure pretentious expensive auction watch monthly....sorry octane magazine featured this car earlier this year. I cant remember what they said on ownership, but remember it as beng complex
Im sure pretentious expensive auction watch monthly....sorry octane magazine featured this car earlier this year. I cant remember what they said on ownership, but remember it as beng complex
v8250 said:
A nasty case of greed from all parties concerned.marshalla said:
RobinOakapple said:
When they say "he and his daughter spent some £637,500 restoring the chassis" is that classic car speak for building a new car on the old chassis?
Sounds more like building a new car and riveting on the old VIN plate.williamp said:
marshalla said:
RobinOakapple said:
When they say "he and his daughter spent some £637,500 restoring the chassis" is that classic car speak for building a new car on the old chassis?
Sounds more like building a new car and riveting on the old VIN plate.
Erm am I being thick? Car is sold to Geezer C who finds out that daughter of Geezer A thinks Geezer B didn't own it, so his daughter doesn't either. High Court judge tells her to stop clutching at straws, and Geezer B was the rightful owner and this has passed to his daughter.
Geezer C is thus buying a car from someone who the High Court has declared is fine to be selling it. What is his claim against Bonhams exactly? (where is his loss?)
Or has he caught a massive cold and is thinking a few hundred k of legal fees might be a good bet against buying a £10m sportscar at the height of the market?
Geezer C is thus buying a car from someone who the High Court has declared is fine to be selling it. What is his claim against Bonhams exactly? (where is his loss?)
Or has he caught a massive cold and is thinking a few hundred k of legal fees might be a good bet against buying a £10m sportscar at the height of the market?
The Mail have cocked up the narrative as usual. The real story is set out in Mr Justice Flaux's entertaining judgment, which features a splendid cast of colourful characters. Two of my colleagues in chambers acted for Bonhams in the case, so they may be in the market for some fancy cars.
http://www.bailii.org/cgi-bin/markup.cgi?doc=/ew/c...
http://www.bailii.org/cgi-bin/markup.cgi?doc=/ew/c...
from bonham's auction bluuuuuuuuurb...
>>The situation between Jacques Swaters and Kristine Kleve and her American advisors ebbed and flowed during this period, becoming a legal dispute in 2010. Jacques Swaters – himself a towering figure within the Ferrari world – died that December, and '0384 AM' was inherited by his daughter Florence.
She invited Bonhams to assist, in part to help mediate between the Belgian and American parties and – if litigation could be settled – to sell the car by auction for mutual benefit. As in several other instances over many years, Bonhams has been successful in bringing these parties together.<<
http://www.bonhams.com/auctions/21906/lot/320/
>>The situation between Jacques Swaters and Kristine Kleve and her American advisors ebbed and flowed during this period, becoming a legal dispute in 2010. Jacques Swaters – himself a towering figure within the Ferrari world – died that December, and '0384 AM' was inherited by his daughter Florence.
She invited Bonhams to assist, in part to help mediate between the Belgian and American parties and – if litigation could be settled – to sell the car by auction for mutual benefit. As in several other instances over many years, Bonhams has been successful in bringing these parties together.<<
http://www.bonhams.com/auctions/21906/lot/320/
Breadvan72 said:
The Mail have cocked up the narrative as usual. The real story is set out in Mr Justice Flaux's entertaining judgment, which features a splendid cast of colourful characters. Two of my colleagues in chambers acted for Bonhams in the case, so they may be in the market for some fancy cars.
http://www.bailii.org/cgi-bin/markup.cgi?doc=/ew/c...
According to that, the car is in a container, in southampton.. so a shipping container at the port. £10mil worth. Anyone fancy having a look?http://www.bailii.org/cgi-bin/markup.cgi?doc=/ew/c...
pacoryan said:
Erm am I being thick? Car is sold to Geezer C who finds out that daughter of Geezer A thinks Geezer B didn't own it, so his daughter doesn't either. High Court judge tells her to stop clutching at straws, and Geezer B was the rightful owner and this has passed to his daughter.
Geezer C is thus buying a car from someone who the High Court has declared is fine to be selling it. What is his claim against Bonhams exactly? (where is his loss?)
Or has he caught a massive cold and is thinking a few hundred k of legal fees might be a good bet against buying a £10m sportscar at the height of the market?
You and me both! Who enter the car into the auction? That seems to be the most salient fact, and of course it isn't even mentioned in the article!Geezer C is thus buying a car from someone who the High Court has declared is fine to be selling it. What is his claim against Bonhams exactly? (where is his loss?)
Or has he caught a massive cold and is thinking a few hundred k of legal fees might be a good bet against buying a £10m sportscar at the height of the market?
marshalla said:
williamp said:
According to that, the car is in a container, in southampton.. so a shipping container at the port. £10mil worth. Anyone fancy having a look?
Since June 2014 ? I suspect it won't be looking fully restored any more.Gassing Station | Classic Cars and Yesterday's Heroes | Top of Page | What's New | My Stuff