Property: Sold - to the gentleman tailed by the Fraud Squad You, too, can be a lord - all you need is a few thousand pounds. Which is why last week's auction of ancient manorial titles attracted all manner of aspirant aristocrats, including a mysterious man in a Homburg hat. Max Davidson watched the drama unfold . . .

The Sunday Telegraph London | November 21, 1999| | Copyright

What price a title now that the hereditary peers have been reduced to an elected rump? Lords used to be rather grand figures, people to whom one deferred because they were, well, lords. Not any more. They are just well-spoken gents with houses in the country. Their mystique has gone.

Or has it? Not judging by last week's auction of lordships of the manor at the Ironmongers' Hall in London. The bidding was so frantic that title after title went for two, three, four times the catalogue price. But the story had a nasty sting in the tale. Titles may be marketable, but you can kiss goodbye to ...

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