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Classic car auction house Coys goes into administration

Published 01 May 2020

Coys of Kensington Automobiles has gone into administration.

The administrators appointed on April 17 by the High Court of Justice are FRP Advisory Trading of London. 

The move into administration was posted in The Gazette on Thursday, according to the Daily Telegraph. 

The news has also been posted on Companies House records, but it does not appear on Coys' website.

Coys website is still listing its next classic-car auction as July 11 at Blenheim Palace.

More to follow

Comments

   on 11 May 2020

Didn’t some iteration of Coy’s go bust previously, leaving some people seriously out of pocket?

Mike Dyson    on 13 May 2020

soooo sad.
Don't get me wrong, I've never spent money at Coys, but I've always hoped I would one day.
I'd turn up at an auction and buy my forever classic.
Sad times.
Let's hope they manage to resurface.
Dilly Dilly.

David Churchill    7 days ago

It amazes me that the classic car press have not investigated the most recent (and hopefully last) demise of Coys in depth. Having encouraged the and supported the auction houses to an healthy degree during the recent classic car boom years, they now have a duty to uncover the the stench left behind by Coys.
As a former classic car dealer I had first hand experience of Coys dubious business practices back in 1998- the first and last time I ever used them. Shortly after that they went bust for the first time. Even as recently as 2014 there was the reported scandal of the Iso Grifo with the wrong chassis number 'sold' by Coys at the Essen classic car show and subsequently seized by German police. Then last year there was the scandal of the fake Porsche 911RS bought through Coys by Andreas Pohl who subsequently sued them and reclaimed £390,000 plus damages (was this actually paid?).
Over the years the cases have been many and varied so it is certainly incumbent on someone to report fully on exactly what happened with this company, how much money is still owed to clients and creditors and the role played by its Directors, one of whom is apparently currently in Ireland, presumably in lock-down for all the right reasons!!

   7 days ago

Coys are scammers they sold my Lamborghini a year ago and still haven’t paid me.

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