• This Month's Issue

    Crank Up the AC: Acecas Are Getting Hot

    Ferrari Profile: The Days of Bargain 308s Appear to Be Over

    $291k 911 Euro Carrera: Huge Money, But a Smart Buy

    Miata: 25 Years of Affordable, Wind-in-Your-Hair Driving

    Zzzzzzz No More: Once a Sleeper, Datsun's 240Z Wakes Up to $41k

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  • SCM Platinum

    Over 200 cars that sold at auction covered in every issue of SCM. Our market reports include detailed information about the vehicle, including VIN, condition, options, and expert analysis from SCM's auction reporters.

    SCM Platinum is the largest database of collector cars sold at auction. Over 150,000 vehicles, including over 59,000 with detailed write-ups from our auction reporters.

    Now optimized for your mobile devices!

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  • Glovebox Notes

    SCM doesn't just cover collector cars. Every week, SCM reviews a brand new car online and in our newsletters, and there are new reviews every month in the magazine. Thinking of buying a new car? Check out our reviews!

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  • Insider’s Guide to Concours d’Elegance

    The 2014 guide includes a calendar of events and detailed descriptions of 21 featured concours.

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Recent Blog Posts

  • The Alfa, Viper, Volvo, Méhari and Me +

    A Gearhead's Trip Through A Vintage-Car Theme Park You can tell the weather is getting better because I'm spending more time in the SCM/ACC garage. It all started last week when seven-year-old Bradley asked if I would take him to school in the Viper. I asked why that car, and Read More
  • Old Cars: More Reliable Now Than Ever +

    I was giving a talk at the local MG club meeting last Friday evening. We were discussing road trips, and the SCM “Road to Reno” adventure came up. In 2011, we bought three 1972-73 MGBs (two convertibles and a GT), refurbished them and drove to Reno for the All-MG Register Read More
  • April 2015 Cover Poll +

    Our Art Director, David Tomaro, has created three possible cover concepts, and we'd like to know which one is your favorite. Click here to cast your vote! In addition, please take a few moments and answer some questions about collector cars. It should all take less than a minute, and Read More
  • Wild Double-Outside Pass +

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  • A Badass Volvo 1800S Joins the SCM Fleet +

    "It's black, and it's slammed." That was my first thought when I set eyes on the '64 Volvo 1800S. My daughter Alex and I had just arrived at iRoll Motors in San Martin, CA. I purchased the car in July, but it took this long for the shop to address a Read More
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Collector Car News

  • SVRA and Motostalgia Partner for June 12 Auction at Indianapolis Motor Speedway +

    Motostalgia is now the Official Auction Company of the SVRA. The partnership kicks off with an exclusive collector car auction at the Brickyard Vintage Racing Invitational on June 12. This joint venture will provide the true enthusiast the opportunity to enjoy two of the most exciting experiences in motorsports: auctions and Read More
  • Sotheby’s Acquires 25% Ownership Interest in RM Auctions +

    Sotheby's has acquired a 25% ownership interest in RM Auctions, which will now be known as RM Sotheby's. This long-term investment comes as the more than $2 billion market for the finest automobiles continues to grow, presenting increasing opportunities for both companies. Sotheby's and RM have previously collaborated on successful sales in Read More
  • 1966 Jaguar XKE Series I 4.2 Roadster at AA Fort Lauderdale +

    Auctions America has consigned a 1966 Jaguar XKE Series I 4.2 roadster for their Fort Lauderdale auction. The sale takes place March 27–29. This car has been fully restored and features some upgrades for an improved driving experience on modern roads (Auctions America estimate: $250k–$290k). Read more here. Read More
  • Meet the SCM Gang at Amelia Island +

    We hope to see you at Amelia Island! Stop by any of our booths, meet the gang and check out our special renewal rates! The Amelia Island Concours d'Elegance takes place March 13–15. Cars and Coffee at the Concours is on Saturday, March 14. Publisher Keith Martin returns to serve Read More
  • $18.5m 1961 Ferrari 250 GT SWB California Spyder Leads Paris Sales +

    Three collector car auctions took place this past weekend in Paris. The most expensive lot was a 1961 Ferrari 250 GT SWB California Spyder (pictured above). Artcurial sold the car for a record $18.5m. Artcurial reported an 89% sell-through rate and $52m in total sales. View the Artcurial results here. A 1963 Read More
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1991 ferrari f40


Introduced in Europe in 1987, Ferrari’s newest supercar was a shock to the senses. An engineering tour-de-force, the F40 combined raw-edged radical styling with state-of-the-art engine, body and chassis design.


Driving one is a visceral experience, hammering the senses with brutal acceleration, go-kart-quick reflexes and a howling exhaust note that pierces your very being. The experience is addictive, a powerful narcotic for the soul of a driver.


More than anything, it’s the car’s purpose that underlines the experience. Few concessions are made to creature comforts—no radio, no carpets, no power windows, not even door panels. Instead, racing seats with red Nomex covers clarify the point, which is—of course—absolute uncompromising performance.


Cost-no-object engineering produced a specification that still seems state of the art today, more than 14 years later—such as the carbon fiber and Kevlar reinforced steel space-frame chassis with composite body panels. The car’s Evoluzione twin turbo and intercooled, four-cam, port-injected V8 engine is controlled by a race-proven Weber-Marelli engine management system. Formula One-sized wheels and tires benefit from tremendous wind tunnel induced downforce. Few cars today can match its 200-mph top speed; 0 to 60 times were reported in the 3-second range.


The vendor of this US-delivery car is also its original owner. An aficionado of Italian cars, as well as a personal acquaintance of Enzo Ferrari, Mr. Copanos has nonetheless resisted the urge to drive it, choosing to preserve this example in pristine showroom condition—the odometer attests to the fact that it has been driven just 192 miles since new. As a ’91 model, it also benefits from the many updates made by the
factory since the official introduction of the F40 into the US market the previous year.

{analysis}{auto}289{/auto} This car sold for $344,300, including commission, at the RM Monterey auction, held August 18, 2001.


The F40 is without a doubt the most exciting street Ferrari to ever come out of Maranello. Its race car level of trim and brutal, turbocharged performance makes even the F50 seem tame. At the same time, the F40 is well mannered, air conditioned and civilized enough to drive around town. Such is its nature —fire and ice in one package.


Laguna Seca Raceway was the scene of my first encounter with an F40 driven in anger. An expertly driven one spanked all of the Ferrari street cars and passed several of the Ferrari race cars. It was elegant yet ferocious, a true descendant of Ferrari’s best offerings.


The next day I saw the same F40 with a middle-aged gentleman piloting an older lady through the Fisherman’s Wharf area of San Francisco. Pointing and talking, he idled the half-million-dollar tour bus through the congested streets. While the 201-mph Ferrari looked totally out of place performing this pedestrian duty, there was no overheating, fouling of spark plugs or embarrassing displays of supercar temperament. I’m sure the owner’s only anxious moments were getting his mother in and out of the deep bucket seats and explaining why he had spent more money on this one car than the total cumulative value of every house she had ever lived in.


Introduced at the height of the 1980s price frenzy, the rampant speculation on the F40 epitomized the era. By the time the F40 hit the US shores the “market” price was already established. While list price was somewhere in the $250k range, European cars were selling for a cool million dollars. American dealers bumped that a bit and started cutting deals. Dealer profits were obscene, but so was the speculators’ greed. A Northeastern dealer reportedly built a new showroom on the profit from their two F40s.


Within months of the first F40 deliveries, the collector car market began to collapse. Speculators walked away from their deposits as the market price slipped under their contracted prices. Dealers adjusted the contracts as the prices fell, but by the time the last new F40s were delivered, they could be bought at list price.


F40s are not rare by Ferrari standards. It was implied that the F40 would be a limited-production model, but with 1,311 cars built, F40 production exceeded every Ferrari model built before it except the Testarossas, Dinos and 308 series cars. As a comparison, there were 1,291 Daytonas, 350 275 GTB/4s and only 272 288 GTOs produced.


Despite its relatively large production, the F40 remains a highly sought-after car. There are very few on the market at any given time. Its dual-purpose race car/collector car status ensures customers for both driver-quality and collector-quality cars. The F40 is a special car that should remain valuable for the foreseeable future. The $344,300 paid for John Copanos’s F40 was a shade less than it might bring today, proving that even in Monterey, and even when spending nearly 350 large, you can still get a bit of a bargain.—Steve Ahlgrim{/analysis}

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