UP THE MEMORY LANE
Business Standard|October 19, 2024
With registration of vintage cars formalised and rise of ultra-rich Indians, brace up for a beauty parade
VEENU SANDHU
UP THE MEMORY LANE

In the opening scene of The League of Gentlemen, a 1960 British crime drama, a manhole opens in the dead of the night and from it emerges the protagonist, Jack Hawkins. Straightening his dinner suit and bowtie, he quickly walks across the deserted street to a Rolls-Royce 20/25 and drives away. For the next minute-and-a-half, the camera stays on the shiny black car as the credits roll to suspenseful music.

The Rolls-Royce 20/25, which also features prominently in the British comedy, Father Came Too! (1963), and the action-horror, The Brides of Fu Manchu (1966), was built from 1929 to 1936 - the period between the two World Wars. So successful was it that it helped Rolls-Royce survive the decade-long Great Depression, which coincidentally began the year this model was introduced.

In all 3,827 cars were manufactured, one of which, a 1934 Rolls-Royce 20/25 limousine built by Thrupp & Maberly, the coach makers to Queen Victoria, will come up for bidding at AstaGuru's fifth vintage car auction in the third week of November, to be conducted online.

Well-designed and easier to maintain, from vintage vehicle standards, a majority of these cars are reported to be still in use globally. In India, though, whoever buys it will not be able to drive it around routinely.

The law of the land does not permit vintage cars to be driven for regular or commercial purposes. These head turners are allowed on the road only for exhibition, maintenance, refuelling, or for one-off rallies that require permission. Their owners cannot park them in public.

None of this stops the enthusiasts from participating in private sales and auctions, held largely online by organisations such as AstaGuru, Heritage Auctions, and Big Boy Toyz.

This story is from the October 19, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the October 19, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Business Standard

Markets dip amid selloff in Adani group stocks

Conglomerate's combined market capitalisation falls by 2.2 trillion

time-read
2 mins  |
November 22, 2024
Nifty 50 may hit 27K by 2025-end: Goldman Sachs
Business Standard

Nifty 50 may hit 27K by 2025-end: Goldman Sachs

Conglomerate's combined market capitalisation falls by ₹2.2 trillion

time-read
1 min  |
November 22, 2024
°GST on health insurance needs to be reduced,
Business Standard

°GST on health insurance needs to be reduced,

IFFCO Tokio General Insurance Company Limited (IFFCO Tokio) has sent its suggestions to the government, seekingto reduce goods and se Nices tax (GST) rates on health insurance premiums to 5 per cent from the existing18 per cent, said the f Irm's Managing Director and Chief Executive 0ff\cer (MD and CEO) SUBRATA MONDAL in an inte Niew with Harsh Kumar in Gurugram. Mondal discussed the future plan of insurance companies alongwith emerging challenges forthe sector. Edited excerpts:

time-read
2 mins  |
November 22, 2024
Draft guidelines to upgrade 1,000 ITIs in the works
Business Standard

Draft guidelines to upgrade 1,000 ITIs in the works

Talks with stakeholders for proposed scheme completed

time-read
1 min  |
November 22, 2024
Business Standard

Adani Green abandons $600 mn bond offering

Adani Green Energy on Thursday announced it has decided not to proceed with the proposed USD-denominated bond offering, hours after US prosecutors charged Gautam Adani, his nephew and six others over allegations of bribery.

time-read
1 min  |
November 22, 2024
Business Standard

Corporate irregularities can impact economy at large: Justice Kumar

Financial misconduct and corporate irregularities can impact the economy at large and come at the expense of shareholders and banks, cautioned Justice PS Dinesh Kumar, presiding officer of the Securities Appellate Tribunal (SAT), on Thursday.

time-read
1 min  |
November 22, 2024
Quant MF's big Adani bet may have sense of deja vu
Business Standard

Quant MF's big Adani bet may have sense of deja vu

Quant mutual fund (MF) may have taken the biggest hit among fund houses from the slump in Adani group shares on Thursday.

time-read
1 min  |
November 22, 2024
Business Standard

US charges: Legal experts see no knee-jerk response from Sebi

The Securities and Exchange Board of India (Sebi) may not be in haste to take any action on the charges levelled by the US prosecutors on Adani group executives, according to legal experts.

time-read
1 min  |
November 22, 2024
Premium Valuations may cap upsidesforlndian Hotels
Business Standard

Premium Valuations may cap upsidesforlndian Hotels

Indian Hotels (IH) has an ambitious strategy of doubling its hotel portfolio and is aiming for a 14 per cent annual revenue growth. The goals are achievable, given financial discipline and agility.

time-read
3 mins  |
November 22, 2024
Vedanta Resources defers dollar bond issue due to mkt volatility
Business Standard

Vedanta Resources defers dollar bond issue due to mkt volatility

Billionaire Anil Aggarwal's Vedanta Resources has deferred the company's $1.2 billion bond issuance following volatility in the market after US justice department, in a report, charged Gautam Adani and others with $250 million bribery. The Vedanta dollar bond issue was to be priced on Thursday.

time-read
1 min  |
November 22, 2024