For those of you playing at home here is the answer to the question I posed on my blog yesterday.
The gnarly looking, pinkish red coloured object, which I think looks a bit like a Chinese dragon form is a seed pod off our deciduous magnolia tree.
This season there are lots and lots of these pods, most of them smaller than this one but of varying shapes. I don’t remember seeing so many pods before.
Here is another such pod showing the brightly coloured seeds almost ready to fall out.

And here are two seeds from a pod that was fully open but the seeds had yet to detach their pale thread from the pod. I have plucked the seeds out.

I’ve yet to see a tiny magnolia tree sprouting beneath the mature tree but most of the seeds would fall onto concrete here.
I’m glad my curiosity led me to this discovery.