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Coys Auction House Folds-----------

Discussion in 'Vintage Ferrari Market' started by tonyh, Jan 31, 2004.

  1. tonyh

    tonyh F1 World Champ
    Lifetime Rossa Owner

    Dec 23, 2002
    14,372
    S W London
    Full Name:
    Tony H
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  3. El Wayne

    El Wayne F1 World Champ
    Lifetime Rossa Owner

    Aug 1, 2002
    17,972
    San Marino, CA
    Full Name:
    L. Wayne Ausbrooks
  4. Bryan

    Bryan Formula 3

    I'm curious what assets a business like Coy's actually holds, besisdes the fees that they collect on a final sale. I do not think that, at any point, they actually own the cars they have auctioned. For some period of time, it appears they have the cash of the buyer before it's transferred to the seller.
     

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