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Coys of Kensington Insolvency

Discussion in 'Vintage Ferrari Market' started by Marcel Massini, Apr 23, 2020.

  1. Marcel Massini

    Marcel Massini F1 World Champ
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  2. 275gtb6c

    275gtb6c Formula 3
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    oscar
    Gee, how is this possible? Not supported by the British government. Or pre-Corona misery?

    Ciao
    Oscar
     
  3. Jack-the-lad

    Jack-the-lad Four Time F1 World Champ
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    Isn’t this the second time for them?
     
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  4. 375+

    375+ F1 Veteran
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    ish?
     
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  5. wolfchen75

    wolfchen75 Karting

    Aug 7, 2004
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    terrible but perhaps not the last classic dealer to go bust ?
     
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  6. Nembo1777

    Nembo1777 F1 Veteran
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    #6 Nembo1777, Apr 29, 2020
    Last edited: Apr 29, 2020
    True story: Monaco auction preview 2012, I was looking at the ex Lord Bamford Khamsin and just when I saw there was a bird's nest in the engine bay -I kid you not, great cleaning work chaps!- the O letter of the Coys sign behind me fell on me and I had not touched it. Thankfully it was in styrofoam....Basil Fawlty would have been proud.
    Did one of their directors not get led away in handcuffs at their Essen auction last year? Enough said.
     
    375+, turbo-joe and readplays like this.
  7. Ozeskiman

    Ozeskiman Karting

    May 15, 2016
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    Tony
    This is the 2nd time. First was around 2000 I recall. Then they restarted from a small mews showroom somewhere strings Knightsford. I went there to look at a California Spider they had for sale. Around 300,000 pounds at the time. Could've done, should've done. Isn't hindsight wonderful.
     
  8. Ozeskiman

    Ozeskiman Karting

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    Tony
    That should read Kighstbridge.
     
  9. Ferrari 308 GTB

    Ferrari 308 GTB F1 Veteran

    Feb 21, 2015
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    Knightsbridge
     
  10. Daytonafan

    Daytonafan F1 Rookie

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    They have (had) a terrible reputation in the UK so much so there is a group on Zuckerburg's empire dedicated to people who have had problems dealing with them.
     
  11. italiancars

    italiancars F1 Rookie

    Apr 18, 2004
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    I could be wrong, but didn’t Coys conduct the 1st Auction in conjunction with Ferrari in Maranello that turned out to be a disaster? RM then took over after that?
     
  12. 375+

    375+ F1 Veteran
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    Not Coys but Sotheby's. It was originally scheduled to take place in May between the Mille Miglia and the GP of Monaco. The Ferrari Classiche program was in its infancy and the factory wanted to establish Classiche as the gold standard. Every car in the auction had to be Classiche certified, but the factory lagged in completing the process. With typical arrogance they delayed the sale until every car could be certified to their satisfaction. Frankly they(Ferrari) didn't know what they were doing.
     
  13. italiancars

    italiancars F1 Rookie

    Apr 18, 2004
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    that was back when Ferrari still controlled Maserati, I had arranged the sale of the Costin Coupe from Alfredo Brener to Classic Coach Collection as it was sitting in the Maserati SpA showroom in Modena. There apparently was some “encouragement” from the powers that be to enter the Costin Coupe in the auction.

    About a week before the auction I received a frantic call they needed to know how the car got into Italy from Germany when Brener purchased the car from Rosso Bianco. A phone call later, it turns out that SpA themselves had arranged to bring the car into Italy for restoration of the back to original road spec.

    Like many of the other cars in that auction the Costin was a No Sale.
     

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