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Cord Trademark SOLD: Factory Will Not Re-Open

Phillip Roberts 12. December 2014 Hottest news, Magazine No Comments

We have promised to bring you the latest news on the Cord Trade Mark sale that we wrote about back in September, and we have managed to find out how the story continued. Most importantly, the Cord Trade Mark has been sold during the Leak Auction.

The auction was held in Dallas, TX on November 21-23. The auction eventually made $10.5 million. Surprisingly the Cord Trade Mark was not the best seller. The item that made most money was the Glen Prey’s (previous owner of Cord TM) Duesenberg Dual Cowl Sport Phaeton reaching $310,750.

There were a few more great selling items like an 1985 Ferrari Testarossa and a 1963 Chevy Corvette. What we were most interested in was the Cord Trade Mark that sold at $242,000 ranking it as the 2nd highest seller.

Unfortunately there was no announcement regarding plans to re-open the factory again. Our source told us that the current owner has no plans to open a factory or even use the Cord Trade Mark for future business other than resale. So, you can still own the Cord TM. The smoke signals and drums say it’s now for sale for $500,000.

Picture: © Stutz Bearcat

 

 

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About Phillip Roberts

As a little boy my Dad always told me stories about the glorious days of automotive pioneering and days when classics were common. This has influenced me in such an effect I have become a helpless petrol-head...

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…my driving license was still on it's way when I had bought my first petrol-smelling Italian stallion... No, it wasn't a Ferrari... It was Fiat Regata, twin choke Weber 1.5 in neat condition with bad attitude. It wasn't in any way quick by today's standards nor was it a good handler. More like an SUV actually. It was so high that my girlfriend at the time, (a little taller than a bucket,) almost needed a ladder to get into it. However, it was a good car till the first winter came and I wrecked it.

My next car was a BMW E30 1987 2.4d. It is still my all-time favorite. It just had a black metallic paint job done when I bought it and shiny chrome bumpers. As Steel Panther would say say, "that car was bitchin'." I had nice Alpina alloys that I kept getting nicked for. Apparently they were not marked in my documents so each time the police caught me I got a fine.

After about a dozen fines in 3 months I said `sod it` and had BMW amend my documents. This one wasn't really quick off the mark but once it was up to speed you could throw it into any corner and it would come out still alive and pointing the right way. I sold it eventually because I didn't have the time to get it back to original condition and I later found out that the guy I sold it to wrecked it couple of months after. What a shame.

I also had a BMW E46. I liked the look of it but it was useless. It had so many problems one day I wished someone would run into me so I could get rid of it and get some money back. Guess what... a week later a Spanish fellow in a borrowed company Skoda ran up the boot and parked on my back seat. My girlfriend got a panic attack and became so furious she would have beaten him up if I`d let her. However, I had successfully gotten rid of the car.

So this is the story of my beginnings. There are two things that I love other than music and my family. Writing and cars. Why not combine them? I figured there may be more people like me and so I wanted to participate in this amazing opportunity for everyone to share their knowledge, experience and passion, and build something unique while doing it.

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