Tim Durham, is an ultra-wealthy Indiana business man, car collector, and guy currently under investigation by the federal government for supposed shady financial dealings. He’s in the news again, this time in regards to the sale of one of the cars in his collection, a 1930 Duesenberg J that once belonged to publishing magnate William Randolph Hearst and that was used to ferry around Heart’s mistress. Through an amazing series of events, it has come to light that Durham apparently sold the car to three different, and powerful, people at the same time.

James Scott bought the car at a charity auction held at the Auburn-Cord Duesenberg Museum. Scott paid an amazing $3.1 million for the car after he and one other bidder, who was on the telephone went toe to toe up to the astronomical figure. Scott apparently paid his bill and took the car home. Recently he filed suit against Durham because, although he has the car, he never got the title. There’s good reason for that.

Webster Business Credit Corp, a finance company based in New York, which had apparently loaned one of Durham’s businesses money, has the title. They are now demanding that they get either the car or the money paid for it at the auction.

The third party is a guy named Donald Lyons. He claims that Durham agreed to sell him the car for $1,000,000 before the auction happened. Durham apparently told Lyons to keep bidding at the auction until it was over and he’d only have to pay a million bucks. It looks like Lyons failed to stay with the program, and once Scott won the bid, Durham’s “plan” went down the tubes.

It is a crazy story that is definitely going to come to an ugly and very expensive (for someone) end.

Source — FoxBusiness.com — Deusenberg Auction a Duesy, Three Times Over