Roadkill said:
What was that all about, then?
what the 10 mill bentely case ...
basically it involved a bloke called ed hubbard (bit of a one in classic car racing, freind of tom walkenshaw and worked at that level IYKWIM) sold a car claming it was old number 1 (the car from the famous crash at white farm courner at LeMans) where as any one who knew anything about bentely history would know that the chassis of old number 1 became old mother gun
the engine became another car and the axles another car again...
this car was claimed to be the orginal was merely the front axels (or engine i forget which) and the car was said to be worth around £300,000 as a rare example of a lemans bentley with tracable linge... so a bidding war started, between an investment bank and a group of japanese investors took the price from it's starting point to 1 million in the space of a week, from here on in it was simply a case of the fact that oneside wasn't going ot be beaten by the other and had little to do with the value of the car... in the end it was sold for 10 million to the japanese investors... to this point both sides although they had had offers to come view the car they were bidding for neither side did, one look at it would see that this was a saloon bodied non LeMans racer and not what you could feasibly call the car old number one (on a superfical level it was burgendy not green which should have been the clear dead give away even for the rank amature...) neiher side ever viewed the car...
the money was paid, the car chipped to japan...
when it arrived all hell broke loose, they attempted to recover the cash and started legal proceeding sayign they had brought a fraud, personally i also think that they regretted the sillyness of the bidding war, they even offered the car to their bidding rivals who upon seeing it said thanks but we'd think it was steep at the original asking price for that...
court case ensues and on the day of the start of the trail edd hubbard dissappears from view never to be seen or heard of ever again... along with the money, it's ruled that the car didn't have sufficent of the original car to be called the original, however a land mark ruling is made which said that as technically a car will wear out parts and these will be replaced during it's life time that an origianl car maybe consdier such if the engine and chassis are from the original car or if the chassis and front axel are from the original car or the axel and engine or all three, but that it could no longer be considered to have just one part from the original car and claim it to be the original one...
as a net result bentleys were consdiered to be a bad buy becuase there were issues at the time witht heir authenticity (of some cars... not all) and so this made them almost worthless scrap....