Shifting Gears (200)

If I worked in a regular job, I would surely be fired for sendingand receiving so many links about collectible cars for sale First, I'd like to thank SCMers Craig Wood, of Brighton, Michigan, and Donald Sanders, of Durham, North Carolina, for being so quick to respond. When I wrote in the January issue that I was looking for an Alfa GT Junior or two-headlight GTV, they responded nearly as soon as the issue left the printing press.Wood had a white '67 GTV and Sanders a red '70 GT Junior, both in good condition and within the SCM price range…

Leaving 1990 in the Dust

Written by February 2008
In my 20 years of writing about the market, I have never seen high-end cars accelerate in value like this For the first time in two decades, we're considering pulling a tattered banner out of storage and hoisting it above SCM world headquarters. It bears the fabled words of Monterey Sports Car Auction founder Rick Cole: "You can never pay too much; you can only buy too soon." I never thought I'd write those words in a column again. It was the sale of a BMW 507, s/n 70015, for nearly $1m that got me thinking about this. RM got…
We began to wonder if the BMW had had some conjugal visits with our failure-prone Fiat 2100 and been the recipient of its DNA You might think that with all the transactions we track, and all the conversations we have, the principals at SCM world headquarters would make nothing but brilliant deals. We'd buy perfect cars cheap, have no repairs or unexpected surprises during their time with us, and then sell them for absolute top dollar. After all, what potential classic car owner could resist the descriptive phrase, "As written about in the pages of Sports Car Market magazine?"At the…

On the Road Again

Written by November 2007
If you're reading SCM, chances are you're an enthusiast. Your friends may uncork a vintage Barolo and marvel over the bouquet; you'd just as soon go out to the garage and inhale the gasoline and oil vapors that constantly seep out of a vintage car.This has been an exceptionally busy year for me and SCM, as well as our parent corporation, Automotive Investor Media Group. We've launched a new magazine, Corvette Market, to critical acclaim, and subscriptions and advertising revenues continue to grow for both our publications. On the personal side, I have a wonderful bride, Wendie, and a handsome…
Buckle your seatbelts and tighten your shoulder harnesses. Based on the results from Monterey, the collector car market is in the midst of a wild and woolly ride, with little way of predicting the crests and valleys in the year ahead.There are a few things we can all agree on as we plow through the voluminous reports by SCM analysts in this issue. First, both American classics and European sports cars continue to climb-some with reason and some without.For instance, the prices made by the two LWB California Spyders sold, RM's at $4,950,000 and Gooding's at $4,455,000, didn't surprise. These…
As the market continues to surge toward all-time highs and surpass the prices made 18 years ago, questions about authenticity and provenance continue to be one of the keys to valuation. As we noted in our review of RM's blockbuster $45m Maranello sale (September, p. 68), we believe cars that had a Ferrari factory Certificate of Authenticity consistently brought better money than they would have without.The reasons are simple. For a Ferrari, there is no higher authority of correctness than a blessing by the factory. And in a world of seven-digit cars and clever fakers, every bit of expert assurance…
It's been nearly 25 years since we've seen prices like this in the sports and exotic market. As nearly everyone knows by now, RM came within just $500,000 of setting the record for the most expensive car ever to sell at auction at their Maranello sale, where the 330 TRI/LM, s/n 0808, brought $9,281,250. It is our cover car this month, and ably profiled by Steve Ahlgrim inside this issue.The previous high sale, long ago in 1987, was of a Bugatti Royale that brought $9,800,000. There is no doubt this price will be topped in the next few months-all it…
Fifty years from now the Petersen Museum may feature a diorama dedicated to the social gathering once known as an "automotive swap meet." Young children will tug on their daddy's shirtsleeves and ask, "Thousands of people just showed up and walked around for hours, hoping they might find something?" And Daddy will answer, "Yes, and they called it fun."If the display is accurate, few of the vendor and shopper manikins will be wearing Armani suits; variations of denim will be the rule. There will be no Weight Watchers or exercise equipment booths visible, although it would appear both offer services…

Old Car Tricks

Written by November 2006
"Push? We're going to push the car?"It was a balmy day in the Pacific Northwest, so I had decided to take out our orange and black 1979 Triumph Spitfire. My 15-year-old daughter, Alex, was pleased with my choice, as the previous owner had put large speakers behind the seats, making it a perfect car by her standards.After a morning spent shopping (I was surprised at just how many pairs of Citizen jeans and Juicy jackets fit in the small trunk, and how brand-name blue denim rivals Ferrari parts in cost per ounce), we stopped in Southeast Portland for a pizza…
We at SCM have long maintained that a well-filled garage is like a well-stocked wine cellar. Just as different times of day, different events, and different meals call for different pourings, so, too, do different motoring adventures require different motoring choices.And just as each wine has its own trademark taste, bouquet, and color, each car that captivates a collector's interest has its own unique approach to motoring. A car worth collecting has an essence to it: it is a reflection of the time in which it was built, of the skills of the drivetrain engineers and the desire of the…