A Drug-Fueled Car Auction

scm-legal-files-seized-cars

It’s safe to say that SCM has never before reported on an Apple Auctioneering Company sale — until now.

Apple Auctioneering Company is an affiliate of Apple Towing Company, Houston’s largest towing company, and it bills itself as the “nation’s leader in seized asset management & government liquidation.”

Apple seemed to hit the jackpot on July 7, when it completed the sale of 10 high-end vehicles that had been seized from convicted drug kingpin Alvaro Lopez Tardon. Top sales were Read More

John Draneas

SCM Columnist

John practices law in the Portland, OR, suburb of Lake Oswego, where he focuses on tax and estate planning, business organizations and transactions, and representation of collector-car owners. He is a past president of the Oregon region of the Porsche Club of America and served as the chairman of the PCA’s 2006 parade. His collection includes two Porsches, a Ferrari, an Alfa, a Lotus, a BMW daily driver, a John Deere tractor — and one increasingly famous Jaguar E-type. This month’s “You Write, We Read” on p. 20 is full of SCMer advice on whether Draneas should restore his Jag.

Posted in Legal Files