Auction House Escapes £20M Suit Over Luxury Car Sales

By Bonnie Eslinger (September 7, 2021, 5:38 PM BST) -- A judge has tossed most of a lawsuit against Bonhams and others filed by a company alleging it lost more than £20 million ($28 million) from an unlawfully run auction on its luxury car collection.

Judge Andrew Keyser, sitting as a judge at the High Court, said on Monday that a settlement deal left only a claim against an auto importer.

Except for a so-called conversion claim against auto importer Evert Louwman, the claims made by Maranello Rosso Ltd. were "not reasonably arguable," Judge Keyser concluded.

Maranello Rosso, or MRL, was incorporated in 2013 specifically to buy a collection of classic cars...

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