JD Classics, what have they been up to?

[Livia1]

It is said that Mr Hood was a man who had risen without trace.....

[urquattroGus]

singlecoil said:

lowdrag said:

...it seems the property in Malden belongs to Mrs Hood...

Well I must say I am very surprised at that

not

Pedant Point: Maldon Essex, Not Malden Surrey.

[Paul-ns9vl]

aeropilot said:

I wouldn't bet against Mrs. Hood owning a nice portfolio of 'off-shore' assets well, hidden down a trail of trading companies.....

I wonder where their tropical bolthole will turn out to be?

In his case hopefully bolthole will be exactly that .... HMP ......? When all unravels my guess is 2 years in soft prison & 10 year company director ban....

[lowdrag]

Nothing changes. I read a book called "Kruger - the match king" many years ago. Based in the 1920s he expanded his simple match-making company at a phenomenal rate and became one of the richest men in Sweden. His mathsand accounting was simple; open a new company and transfer £1 million to the new company. Now he had £2 million. Then the Wall Street crash came and he committed suicide. People will always like get rich quick schemes.

[Nampahc Niloc]

Sorry if this has already keen said but:

Presumably they have a whole load of stock to auction off now so is this a good time to grab a bargain?

[anonymous-user]

Nampahc Niloc said:

Sorry if this has already keen said but:

Presumably they have a whole load of stock to auction off now so is this a good time to grab a bargain?

I have it on good authority that a lot of the 'firesale' has already happened

[chunder27]

Nicely put Paul

Sadly, your portrayal is my experience both in terms of racing and classics in general.

There are afew who can make money, and good money, but it is a fickle business.

[lowdrag]

Nampahc Niloc said:

Sorry if this has already keen said but:

Presumably they have a whole load of stock to auction off now so is this a good time to grab a bargain?

A lot of their cars were auctioned last Saturday at the Revival. Just before the st hit the proverbial fan and became public.

[R8Steve]

anonymous said:

[redacted]

There would be a twisted irony if Tuke was to have bought all their stock at a greatly reduced rate in a firesale.

[anonymous-user]

lowdrag said:

Nampahc Niloc said:

Sorry if this has already keen said but:

Presumably they have a whole load of stock to auction off now so is this a good time to grab a bargain?

A lot of their cars were auctioned last Saturday at the Revival. Just before the st hit the proverbial fan and became public.

Deals were certainly being done before that as well. A mate bought a few. In the industry though so probably more aware.

[irocfan]

Paul-ns9vl said:

The buyer today wants to know what the car will be worth tomorrow rather than any interest in originality or provenance. One can see how this fed Hood's greed.

Was Hood greedy? Probably, like a lot of successful business men. Was he alone in his greed? Obviously not otherwise people like Tuke wouldn't have been looking enviously at potential profits

Edited by irocfan on Wednesday 12th September 22:31

[stichill99]

Agree with the above. Hood may have been greedy but as mentioned above the market was driven by investors who were no doubt greedy for a easy shilling aswell. Just like the property boom and all the programmes about how easy it was to make a fortune.

[stichill99]

Agree with the above. Hood may have been greedy but as mentioned above the market was driven by investors who were no doubt greedy for a easy shilling aswell. Just like the property boom and all the programmes about how easy it was to make a fortune.

[AMG Merc]

Not sure if anyone's seen this: https://www.autocar.co.uk/car-news/new-cars/classi...

[lowdrag]

But, and I hope someone can prove me wrong, did any motoring journal report the Tuke court case until now? Incidentally, Tuke's brother has some nice cars too looked after by friends.

[Keep it stiff]

[av185]

£4950 looks about right.

[urquattroGus]

Greedy is one thing, dishonest is another!

[DevonPaul]

Burwood said:

I merely posed the question, who in their right mind would do business with these cowboys.

You would be surprised - I understand Karl Verdi (star of reality TV) is still trading.

Paul

[W12AAM]

I didn't know about JD Classics until I read it here,today, on Pheads.
However; I said the very same thing to a friend only yesterday about Classic car prices & the bubble about to burst, after going to Goodwood revival this weekend & noting that quite a lot of Bonhams auction cars didn't sell & also the prices some dealers are asking!

Only the other week I was down at Beaulieu & went into the Beaulieu garage. The salesman / owner? In there said words to the effect of everything was selling, never had it better etc etc - And there were 3 Etypes - The cheapest being £260,000+ & a red LHD "concours" (although I've seen better!) for £300,000!

This is 1989 all over again when I saw Ford Cortina 1600E's & Stags for over £50,000...shortly followed by Lord Brockett chopping up & burying Italian exotica in his garden & claiming back on his insurance as the prices had all nose-dived.

Too much money from
People who don't have an interest in classic cars & purely looking at investment only.

Perhaps hold out for a year or so to get that V12 Etype convertible for a bargain price?...