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High court battle over £37million sale of 1962 Ferrari 250 GTO

Discussion in 'Vintage (thru 365 GTC4)' started by Bluebottle, Dec 11, 2019.

  1. Bluebottle

    Bluebottle F1 Veteran
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    Oct 15, 2012
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    • Classic car dealer Gregor Fisken is locked in High court battle with a US collector
    • The legal fight involves the world's most expensive car and its missing gearbox
    • Pair are fighting over £37million sale of 1962 Ferrari 250 GTO which was sold to Mr Fisken without the part
    • Mr Fisken is now suing Mr Carl, demanding the 'unique and special gearbox' be delivered to him
    • But the US lawyer says that he is under no obligation to do so, after the pair fell out about where he would pick it up and who would pay for shipping

    https://www.dailymail.co.uk/news/article-7775589/Worlds-expensive-car-centre-legal-fight-missing-gearbox.html

    A classic car dealer is locked in a High Court battle with a super-rich US collector over the world's most expensive car and its missing gearbox.

    Racing driver and supercar trader Gregor Fisken, based in Kensington, west London, is fighting lawyer Bernard Carl over the $44m (£37million) sale of a 1962 Ferrari 250 GTO.

    Just 39 of the cars were built by Ferrari between 1962 and 1964 and the model is regarded as the holy grail for the world's wealthiest car collectors.

    Now chassis number 3387GT, the second GTO ever built, is at the centre of a court fight.

    Mr Fisken's company Gregor Fisken Ltd (GFL), which bought the car, is suing seller Mr Carl, demanding that the 'unique and special' original gearbox, which had been removed, is now delivered to them.

    Mr Fiskin claims when he bought the classic car, he understood the seller would do his best to source the gear box.

    But the US lawyer says that he is under no obligation to do so, after the pair fell out about where he would pick it up and who would pay for shipping.

    GFL's barrister William Hooper, told the court: 'The disputes relate to the GTO's original gearbox...which has not been delivered to GFL.

    'GFL seek an order that Mr Carl turn over the gearbox. Mr Carl refuses to turn over the gearbox and maintains that he has no obligation to do so.'
     
    Timmmmmmmmmmy likes this.
  2. carguyjohn350

    carguyjohn350 F1 Rookie
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    Mar 7, 2007
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    I'm no contract attorney, and I don't negotiate $40 million USD car deals, but if the wording of the agreement from the article is accurate (maybe a big IF), it seem stupidly vague for the level of money and experience involved.

    From the article:
    'Mr Carl undertook to use his best efforts to recover and deliver up the gearbox, in consideration for Gregor Fisken Ltd accepting the GTO without it,' he told the judge.
     
    tomgt likes this.
  3. greyboxer

    greyboxer F1 World Champ

    Dec 8, 2004
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    Already under discussion in the thread relating to the sale of the car
     
  4. energy88

    energy88 F1 World Champ
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    I'm sure shipping would have been a lot less than a day of attorney fees.
     
  5. lgs

    lgs Formula Junior

    Mar 26, 2006
    483
    That's never the point in such disputes ...
     

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