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Autocar understands that the Segrave Club has called in the administrators.

The Club was one of a range of ‘timeshare’ supercar clubs, in which members buy the right for a certain amount of time in exotic cars. The Segrave boasts one of the most expensive garages in the business, including a Porsche Carrera GT and a Rolls-Royce Phantom.

Basic membership for the club starts at £16,000 a year, on top of a £5000 joining fee. It was opened in October last year with a high profile disp...Read the full article

I always wondered how the market would sustain more than a couple of super car clubs.  It is unfortunately a luxury and one of the first things to be dropped by its clients in times of economic down turn. 

Add to that the basis that these companies work on a cars retained value after a certain time and their ability to be able to turn over their stock, they were always going to face trouble in difficult financial times.