Tax planning time is usually the end of the year. But this year, between the uncertainties of the presidential election, the IRS working on eliminating some of our favorite tax-planning techniques, the current softness in the collector car market, and interest rates possibly going up, it makes sense for the savvy collector to start early on tax planning.
Today’s tax rates
You have probably noticed that income tax rates have gone up in the past couple of years. The maximum Read More
What do a 1968 Ford GT40 Mk III, a 1967 Porsche 911S, a 1972 4.9 Ghibli Spider SS, a Toyota 2000GT, a 1972 Ferrari 246 GT and a 1968 DeTomaso Mangusta prototype have in common?
These are exotics with 6- and 8-cylinder engines placed in the front, middle and rear of their chassis. The GT40 is a barely disguised race car, and the Dino is a high-speed grand touring car. Imagine the 911 as an extraordinarily original survivor, and the Read More
The cars with pure, clean shapes stick in our minds — and often rise in the market.
You know them in your bones: the E-type, the C2 Corvette Sting Ray, the long-hood 911 (hell, any 911) — even the VW Bus. These are all pure shapes — and collectible.
What will be next?
I’d put a little money on the Shark.
A big predator
Although history doesn’t record the exact moment when “Shark” was first used in reference to a Read More
Introduced at the Earls Court Motor Show in October 1962, the Elan roadster followed the Colin Chapman principle of lightweight aerodynamic coachwork coupled with the suspension, brakes and transmission of a race car, and a remarkable new Lotus-Ford twin-cam engine to provide the power.
To put this into perspective, this was a time when disc brakes were still two years off for a Porsche, and Ferraris were fitted with a live rear axle. The attention from buyers and the motoring Read More
In late 1957, just as production of Pininfarina’s Series I cabriolet was getting under way, Ferrari was in the process of developing a new open 250 GT variant for the booming North American market. Ferrari’s leading United States dealers, Luigi Chinetti and John von Neumann, impressed upon the factory the need for a simple, dual-purpose 250 GT spider — a car that could be used to commute during the week and then raced with success on the weekend.
Faithful to Read More
Unveiled at the Geneva Salon in 1977 and voted Car of the Year for 1978, the 928 was intended as an upmarket replacement for the long-running 911, but Porsche’s rear-engined classic would outlive its younger sibling. The front-engined 928’s stylish hatchback body featured aluminum doors, bonnet and front wings in the interest of weight saving, while ingenious impact-resistant bumpers made of color-matched plastic were incorporated into the nose and tail.
The V8 engine — Porsche’s first — displaced 4.5 liters Read More
This car has a 720-hp, 5,980-cc Mercedes-AMG V12 engine with twin turbochargers, 7-speed automated manual transmission, front and rear independent suspension with double wishbones and fully adjustable coil-over shocks, and four-wheel carbon ceramic brakes. The wheelbase is 110 inches.
- Less than 400 miles from new
- Over $260,000 in options, including $20,000 seven-piece luggage set
- Horacio Pagani’s second masterpiece of engineering, design and Italian craftsmanship
Unveiling their first car at the 1999 Geneva Motor Show, Pagani Automobili was set Read More
In 1973, Roger Penske created a racing series called the International Race of Champions, or IROC. Equally ambitious and unique in concept, the IROC series aimed to place the world’s best racing drivers in identical cars to compete against each other over several rounds at leading U.S. venues. In so doing, Penske’s aim was to reduce all the usual variables in motor racing, so that only the bravest, cleverest and most skilled driver would prevail.
While deciding on a car Read More
In 1953, Fiat introduced their new 1100-103. The 1955 Trasformabile (Italian for “convertible”) is generally considered the work of Fiat’s design director Fabio Luigi Rapi.
Teasingly voluptuous, it had a forward-leaning stance. Divided mesh grilles at the front were complemented by a wrap-around windshield. The haunches were understated but set off with a broad, slightly diagonal molding. Trasformabiles were soon given the Turismo Veloce (fast touring) engine. There was an adjustable steering wheel and roll-up windows provided comfort in all Read More