Auction Tips and Traps

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January is nearing, and a good percentage of us will be making the annual pilgrimage to Scottsdale auction week. Great cars in the winter desert is tough to beat, especially when you board your plane in single-digit weather. But with thousands of bidders chasing fewer cars, well-stocked bidders’ bars and many millions of dollars changing hands — total sales reached $291 million in 2015 — there are plenty of things that can go wrong and create a Legal File.

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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