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Sports CarMarket Restoration for Profit—Possible? 182 Collector Cars Analyzed Keith Martin's The Insider's Guide to Collecting, Investing, Values, and Trends R August 2009 www.sportscarmarket.com Chevelle Z16 Makes $355k Insuring Your Car on Track Day First-Timer Tales From the California Mille ed Hot edhead $12.4m

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Sports CarMarket Keith Martin's The Insider's Guide to Collecting, Investing, Values, and Trends 36 250 TR: all the right bulges August 2009 . Volume 21 . Number 8 46 Chevelle Z16: the first big-block IN-DEPTH PROFILES What You Need To Know FERRARI 36 1957 Ferrari 250 Testa Rossa—$12,402,500 A world-beater, on track and on the block. Steve Ahlgrim ENGLISH 40 1970 Aston Martin DB6 Mk II—$135,145 Disproportionately “tired” and “automatically” discounted. Paul Hardiman ETCETERINI 42 1930 Citroën Kégresse “Forestiere” Autochenille—$46,575 Citroën's first shocker—25 years before the DS. Donald Osborne GERMAN 44 1980 BMW M1 Coupe—$186,300 “M” is for market appeal, growing slowly but surely. Rob Sass AMERICAN 46 1965 Chevrolet Chevelle Z16 Prototype—$355,100 GM's big-block pioneer. Tom Glatch RACE 48 1990 Ferrari 641/2 F1—$484,000 F1 fun from the modern era, so long as the factory maintains it. Thor Thorson Cover photograph by Darin Schnabel; Courtesy of RM Auctions GLOBAL AUCTION COVERAGE 182 Cars Examined and Rated at Eight Sales RM AUCTIONS 52 Maranello, ITA: Twenty-seven Ferraris change hands at this $28.4m sale, led by a record-setting Testa Rossa. Paul Hardiman CARLISLE 62 Carlisle, PA: An eclectic mix of vintage machinery satisfies all tastes, as 101 cars bring $1.7m. Chip Lamb BONHAMS 76 Monte Carlo, MCO: Bonhams moves its annual sale to Monday and sees $6.2m from 46 cars. Jérôme Hardy RM AUCTIONS 88 Novi, MI: A big ol' bus makes $92k on a $2.1m day at this springtime RM staple. Phil Skinner WORLDWIDE GROUP 102 Seabrook, TX: Seven-figure sales prove difficult, but 68 cars tally nearly $5m alongside Keels & Wheels. Carl Bomstead EBAY MOTORS 116 You know what'd be cool? No, it wouldn't. Geoff Archer

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34 Villa d'Este COLUMNS 8 Shifting Gears Monterey promises to be... Monterey Keith Martin 26 Affordable Classic TR6—the face-lifted Triumph Rob Sass 28 Legal Files Track day insurance policies John Draneas 38 Sheehan Speaks Ferrari prices settle at new levels Michael Sheehan 130 eWatch A rare spark plug brings $712 Carl Bomstead FEATURES 30 California Mille: Tales of a rally virgin 32 Mille Miglia: He who leads at Rome... 34 Villa d'Este: Rarity and provenance on display DEPARTMENTS 10 Crossing the Block / Auction Calendar 12 The Inside Line 14 Contributors 16 You Write, We Read 18 Display Advertisers Index 20 Time Pieces: Hamilton Ventura 20 Neat Stuff: Artwork by Paul Chenard 22 In Miniature: 1955 Jaguar D-type 22 Book Review: Paul Newman: A Life 24 Industry Roundtable: Can you still buy a car, restore it, and sell it for a profit? 80 Alfa Bits: Spiders 86 Our Cars: Whereby the SCM 911 goes away 98 Glovebox Notes: 2009 Toyota Venza, 2009 Volkswagen CC 117 Fresh Meat: A trio of Bentleys 120 Mystery Photo 120 Comments with Your Renewal 122 Showcase Gallery 126 Resource Directory

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Shifting Gears Keith Martin Predilections and Predictions torched the 1991 market, with prices skyrocketing out of control and then plunging. Instead, we saw a steady climb in values with, for instance, Daytonas going from $85k to $150k to $225k to $300k—and then they stopped. The market crashed globally. Banks, insurance companies, and car companies went bankrupt worldwide. Credit became impossible to get. Housing values fell off a cliff. And collector car prices were swept along in the ebbing tide. Sifting and sorting Throughout the past year, here at SCM world headquarters we've gone over the results of each auction and have come away with several conclusions. First of all, cars are still selling. While overall sales amounts may be down—by as much as 40% in some cases—the actual sell-through rate of the cars hasn't changed dramatically. This means there are still willing buyers, and when they encounter a seller who has adjusted his expectations to meet the current market, a deal is done. Contrast this to the housing market, where a six-month supply of Monterey, here we come J uly is an oddly quiet month in the collector car world. While there are auctions going on, vintage car shamans are still picking apart the results of the RM Maranello ($28.4m), Bonhams Monaco ($6.2m), and Mecum Indy ($33.6m) sales. And through those results, they are attempting to cast their stones and predict what will happen in Monterey. Questions are many. Is no reserve the way to go, as the collective buying power of the crowd will be great? How many 4-cams is too many 4-cams, spread over all the auctions? Are second-tier collectibles like Maserati 3500 GTs going to hold strong, or will they begin to sink back into the murky obscurity they inhabited for nearly two decades? While no one can predict these things with certainty, there are some things that set this dip in the market apart from the crash that came in 1991. First and most important, collector cars are not alone in their price adjustments. In 1991, the collector car market zoomed Damien Hirstlike to stratospheric levels; when it crashed, other segments of the global financial and real estate markets stayed strong. This time, collector cars are lumped into the global recession—we're all in this together. Hemi 'Cudas are down, and so is the value of your home, your stock portfolio, your vacation home, your boat, your plane, and probably even your Golden Retriever, if you tried to sell him on Craigslist. The Italian Emperor has no clothes In 1991, the excesses of speculators were harshly punished when someone finally had the courage to say that 1985 Testarossas were not worth $250k. Or Daytona coupes $1m. Or even Fiat Dino coupes $85k. When standard indices of collectibility (rarity, beauty, performance, historical significance) were applied to these cars and others like them, they fell short in one or many ways. Eventually their prices plummeted, and collectors once burned, twice shy, stayed away from vintage cars as an investment for decades. We all agree that about five years ago, the market began its most recent rise. But perhaps through dumb luck, the global recession hit the car market before it had a chance to enter the ritual fire dance that unsold homes is not uncommon. Or the new-car market, which appears to have dropped in half, in terms of sold units. We'll quickly skip over the obvious; great cars are continuing to bring record-breaking prices, as the rich are still rich and one-of-a-kind cars with huge provenance are still just that. But for every 250 TR that sets a record, there are a host of Healey 3000s, Porsche Speedsters, and Alfa Sprint Veloces that can't match the prices they made two years ago. But unlike many other markets such as commercial real estate or even contemporary art, there is still a strong market for these lesser cars—they are just being purchased more thoughtfully by collectors who have a clear sense of what they want, what condition they are looking for, the intended purpose of the new acquisition, and what they want to pay. All of the above is simply a way of saying that we believe Monterey will see a good sell-through this year, somewhere in the 70% rate overall, that stellar cars will ring the bell and set new records, but that overall totals will probably be about where they were last year ($139m). In any other market, that would be considered a great success. Therefore, we believe the collector car market has gone through its adjustment, that the current prices are the new prices, and we foresee economic stability for our industry for the remainder of 2009. The fun stuff As we've said before, one of the advantages to collector car owner- ship vs. possessing a stock portfolio is that you can actually take your four-wheeled investment out for a spin. In fact, the great majority of us in this hobby, and especially the readers of this magazine, are in this for the fun first and the money second. For those of us who live in four-season climes, this is the time to forget price guides and market reports, and get out on the road. My wife Wendie and I just returned from the four-day, 1,000-mile annual Porsche “Northwest Passage” rally, and not surprisingly, our nine-year-old Boxster S performed flawlessly. As an investment case in point, its market value has fallen off a cliff since we bought it last year, perhaps to the tune of 40%. But as we already own the car, the loss isn't manifesting itself in our lifestyle, and the value of the car doesn't bear any relation to the enjoyment we derive from it. Would we like it better if its market price were going up? Perhaps. But we don't like it any less because it isn't. ♦ 8 Sports Car Market

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Crossing the Block Jim Pickering For more information about events marked with (*), see our exclusive 84-page Monterey Insider's Guide Supplement, polybagged with this issue Jag XK 140MC at RM Meadow Brook RM Auctions— Vintage Motor Cars of Meadow Brook Where: Rochester, MI When: August 1 More: www.rmauctions.com Last year: 87/102 cars sold / $9.7m Returning to the grounds of Oakland University in Rochester, this annual event will again take place alongside the Meadow Brook Concours d'Elegance, which this year is celebrating its 30th anniversary. The auction will feature a number of American classics as well as vintage machines from around the globe, including a 1939 Packard Twelve Collapsible Touring cabriolet by Brunn, a 1930 Cadillac V16 7-Passenger limousine, a 1934 Chrysler Airflow Eight CU coupe, and a 1956 Jaguar XK 140MC roadster. Silver Auctions—Hot August Nights Where: Reno, NV When: August 6–9 More: www.silverauctions.com Last year: 537/811 cars sold / $13.4m Hot August Nights is touted as a celebration of the American automobile culture of the '50s and '60s, and last year saw over 800,000 people and over 5,000 registered cars flock to the Reno-Sparks area, making it the largest managed celebration of hot rods, customs, and nostalgic 10 cars in the U.S. Silver's auction will again take place in the Reno-Sparks Convention Center, with 900 cars slated to cross the block. Early consignments include a completely restored 1965 Oldsmobile 442, a 1966 Chevrolet Chevelle SS 396 convertible, a 1967 Plymouth GTX, and a 1969 COPO Camaro with GM documentation. MidAmerica Auctions—Vintage Motorcycle Auction and MarketPlace* Where: Pebble Beach, CA When: August 14–16 More: www.midamericaauctions .com The Pebble Beach Concours d'Elegance has invited motorcycles to appear on its show field for the first time in 59 years, and MidAmerica has been invited to hold an auction of select motorcycles alongside the event. Expect an array of high-end examples from Brough Superior, AJS, Ariel, BMW, BSA, Ducati, Harley Davidson, Honda, Indian, MotoGuzzi, MV Augusta, Norton, Triumph, and more. RM Auctions—Sports & Classics of Monterey* Where: Monterey, CA When: August 13–15 More: www.rmauctions.com Last year: 147/172 cars sold / $44.1m Now in its 24th year, RM's flagship Monterey auction will return to the Portola Plaza in downtown Monterey, and headlining this year's event is a 1952 Jaguar C-type sports racer driven by Phil Hill to claim the first North American racing victory for the model. Ferraris will also be well represented, including a 1952 225 Sports Vignale Berlinetta that finished 8th overall in the 1953 12 Hours of Sebring, and a 1931 Miller V16—the only V16 Miller racer ever built—will be offered alongside a re-creation of Frank Lockhard's land speed record 1927 Miller 91 racer. A group of no-reserve offerings from the Nick Alexander Woody Collection will have their own dedicated evening on the block on August 13, with examples including a 1932 Ford wagon, a 1946 Mercury Sportsman, and a 1948 Ford Sportsman. at the Marriott* Where: Monterey, CA When: August 13–15 More: www.russoandsteele.com Last year: 72/152 cars sold / $9.1m Around 150 consignments are Russo and Steele—Sports and Muscle expected at Russo and Steele's 9th annual Monterey event, including European sports cars, American muscle, customs, hot rods, and classics all of- fered in Russo's trademarked nightclub-like over-the-top style. Headlining this year's event is a fully restored 1960 Ferrari 250 GT PF Series II cabriolet, a 1960 Facel Vega HK500, a 1969 Trans-Am Camaro Z/28 raced by Jerry Petersen, a 1964 Shelby Cobra, and the Greenwood Corvette racer known as “The Spirit of Sebring '75.” Bonhams & Butterfields— The Quail Lodge Sale* Where: Carmel, CA When: August 14 More: www.bonhams.com Last year: 44/77 cars sold / $21m Headlining this year's Quail Lodge sale is the ex-Works Team 1939 Auto Union D-type Grand Prix racer, verified to be chassis number 19, which was campaigned by Auto Union factory team drivers Hans Stuck and Rudolf Hesse to placing finishes throughout the 1939 Grand Prix racing season. It's the only proven surviving Grand Prix car of its type with 1939 racing history, and it's thought to be worth upwards of $8m. A select group of no-reserve cars from the Sidney H. Craig Collection will also be offered, including an armored 1930 Cadillac Series 452 V16 thought to have been used by Al Capone and the ex-William Boyd “Hopalong Cassidy” 1933 Sports Car Market

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Duesenberg Model J Torpedo Victoria convertible with coachwork by Rollston. Kruse International—Monterey 2009* Where: Monterey, CA When: August 14 More: www.kruse.com Last year: 18/60 cars sold / $744k Held in conjunction with Concorso Italiano, which has now moved from the Marina airport to the grounds of the Laguna Seca Golf Ranch, this sixth annual event will feature an assortment of exotics, classics, American muscle cars, and European sports cars. Last year's event saw a number of cars sell at under $50k, making it a great place to go to find some of the more affordable consignments on the peninsula. Mecum Auctions— Mecum at Monterey* Where: Monterey, CA When: August 15 More: www.mecum.com The Hyatt Regency Resort & Spa will host this first-time Mecum sale, with 150 cars expected to cross the block. The cars will be displayed outside, with the auction itself taking place within the Hyatt's 10,000 square-foot ballroom. Consignments include a 1973 Ferrari 365 GTB/4 Daytona Spyder, a 1963 Corvette racer driven by Delmo Johnson, a 1965 Rolls-Royce Silver Shadow, and a 1940 Packard Darrin Super 8. Gooding and Company— The Pebble Beach Auction* Where: Pebble Beach, CA When: August 15–16 More: www.goodingco.com Last year: 115/141 cars sold / $64.8m Gooding has had the highest auction totals on the Monterey peninsula for the past two years running, with 2007's event bringing $61m and last year's sale totaling nearly $65m, and all eyes will be on the company as it tries for a third record-setting event. Featured this year is an original unrestored 1938 Bugatti Type 57C built as a birthday gift for Ettore Bugatti by his factory employees and considered to be one of the most significant Bugattis in existence. It features one-off coachwork thought to have been penned by Jean Bugatti, and it'll be offered without reserve. The Don Lyons Collection of seven historic American racers will also be sold at no reserve, including the Denny Hulme 1967 AAR Gurney Eagle, Mario Andretti's 1985 Lola T900, and the Jim Hurtubise 1966 Gerhard-Offy Indy car. Carlisle Auctions— Corvettes at Carlisle Where: Carlisle, PA When: August 28 More: www.carlisleauctions.com Last year: 28/80 cars sold / $708k Corvettes at Carlisle is one of the largest all-Corvette events of the year, and this third annual auction will feature around 100 consignments ranging from early C1s all the way through late-model C6s. Last year saw a number of different price points represented, and examples ranging from grassroots projects all the way through NCRS Top Flight cars can again be expected. ♦ Auction Calendar All dates listed are current at time of publication. Contact information for most auction companies may be found in the Resource Directory at the back of this issue. Please confirm dates and locations before attending any event. Email auction info to: jim.pickering@sportscarmarket.com. JULY 3—BONHAMS Sussex, UK 4-5—SILVER Jackson Hole, WY 10-12—KRUSE San Jose, CA 11—COYS Silverstone, UK 11—SILVER Spokane, WA 11—VANDERBRINK Iola, WI 12—SHANNONS Sydney, AUS 13—ARTCURIAL Deauville, FRA 17-18—BUD WARD Denver, CO 17-18—MECUM Des Moines, IA 18—BONHAMS Oxfordshire, UK 18—COYS Woodstock, UK 18—CHEFFINS Cambridge, UK 18—ICA St. Paul, MN 22—H&H Buxton, UK 25—BONHAMS Silverstone, UK 25—ICA Birmingham, AL 25—KRUSE Denver, CO 25—VANDERBRINK Bolivar, MO 27-28—BARONS Surrey, UK AUGUST 1—KRUSE Charleston, SC 1—RM Rochester, MI 6-9—SILVER Reno, NV 8—COYS Nurberg, DEU 8—KRUSE Verona, NY 8—VANDERBRINK Kenosha, WI 13-16—MIDAMERICA Pebble Beach, CA 13-15—RM Monterey, CA 13-15—RUSSO AND STEELE Monterey, CA 14—BONHAMS & BUTTERFIELDS Carmel, CA 14—KRUSE Monterey, CA 14—RMSC AUCTION Evergreen, CO 15—MECUM Monterey, CA 15—VANDERBRINK Bagley, MN 15-16—GOODING Pebble Beach, CA 22—CHEFFINS Harrogate, UK 23—ICA Deadwood, SD 28—CARLISLE Carlisle, PA 29-30—CLASSIC MOTORCAR AUCTIONS Akron, OH 31—SHANNONS Melbourne, AUS SEPTEMBER 2-8—KRUSE Auburn, IN 5—WORLDWIDE Auburn, IN 5-6—SILVER Sun Valley, ID 6—BONHAMS & GOODMAN Sydney, AUS 7-8—BARONS Surrey, UK 11-12—BONHAMS & BUTTERFIELDS Tacoma, WA 11-12—COX Branson, MO 12—CHEFFINS Herefordshire, UK 12—MECUM Canal Winchester, OH 12—ICA Little Rock, AR 12—VANDERBRINK Carrington, ND 16—H&H Buxton, UK 19—ICA Sioux Falls, SD 19—LEAKE Houston, TX 19—MIDAMERICA St Paul, MN 19—VANDERBRINK Stauton, IL 23—BRIGHTWELLS Herefordshire, UK 26—BONHAMS & BUTTERFIELDS Brookline, MA 26—ICA Springfield, IL 26—RM Los Angeles, CA 26—SILVER Portland, OR Delmo Johnson Corvette at Mecum August 2009 11

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Inside Line Stefan Lombard Send news and event listings to insideline@sportscarmarket.com. Event Calendar Jul 31-Aug 9—Hot August Nights (NV) www.hotaugustnights.net 1-2—Schloss Dyck Concours (DEU) www.schloss-dyck-classic-days.de 2—Meadow Brook Concours (MI) www.mbconcours.org 3-12—Pebble Beach Motoring Classic (WA/CA) www.pebblebeachconcours.net 6-9—Northwest Classic Rally (OR) www.nwclassicrally.org 7-9—All Triumph Drive-In (OR) www.portlandtriumph.org Nash-Healey at Meadow Brook SCM News ■ Don't miss out on the eighth annual SCM Monterey Insider's Seminar, which will take place Saturday, August 15, from 9 am to noon in the Gooding & Co. Pavilion at Pebble. SCM Publisher Keith Martin will host “Time to Buy? Time to Sell?” which includes a presentation on the current state of the market, followed by individual break-out sessions with SCM experts. Visit www.sportscarmarket.com/monterey2009 for more information. Industry News ■ Superior Glass Works has just released the limited-edition Superior 54 Sport Wagon, which is styled in tribute to the 1954 GM Motorama Corvette Nomad. Each of the 25 cars comes as a fully assembled rolling chassis, ready for paint, interior, engine, wiring, and any other personal touches. Features of the Art Morrison-built custom chassis include power rack-and-pinion steering, Corvette C5 front and rear fully independent suspension components, and choice of a 6-speed manual or automatic transaxle. For more information, visit www.superior54.com. Events ■ Join the 800,000 other gearheads in Reno for a long week Hot August Nights, which descends upon the city in a big way from July 31 to August 9. As always, it's all about street rods and hot rods, classics and muscle, and all the cruisin', dancin', and late-night partyin' you can stand. Most events are free. www .hotaugustnights.com. (NV) ■ The Meadow Brook Concours d'Elegance is celebrating its 30th anniversary on August 2 in Rochester, Michigan. As usual, the event will showcase some of the finest cars and motorcycles in the world, including a rare 1953 Fiat 8V Ghia Supersonic, twelve raucous machines from the early years of drag racing, a round-the-world 1911 Hupmobile, and examples from each of the twelve RollsRoyce Phantom series. Meadow Brook also marks the North American debut of a one-of-akind 1934 Alfa Romeo 8C 2300 boattail speedster. Tickets are $25. www.mbconcours.org. (MI) ■ If Spyker is your car of choice, then join company founder and CEO Victor Muller for the first-ever Spyker Squadron California Raid from August 9 to 12. The drive begins in Beverly Hills and traverses some of the state's most beautiful roads, with Monterey as the final destination. The event includes first-class food and accommodations, as well as the camaraderie of fellow Spyker owners, all of which is the perfect lead in to the official launch of the new Spyker C8 Aileron Spyder at Pebble Beach on August 16. $4,500. Contact Tim.McGrane@Events InternationalCompany.com for more information. (CA) ■ Pretty soon, we're going Superior 54, retro-chic 12 to need to add more days to August just to accommodate all the events going on around the Monterey Peninsula. This year, Mecum and MidAmerica (motorcycles) join the auction fray to make a total of seven sales, while La Dolce Vita and the SCMsponsored Concours d'LeMons (see what wins the “Worst of Show Fright Pig Supremo”) become the newest additions to the concours schedule. All the art and automobilia you love return, as does some spectacular historic racing. And of course there's the SCM Seminar. How can all this be legal? Read all about it in our special 84-page 2009 Monterey Insider's Guide, included with this issue. (CA) ♦ 9-12—Spyker Squadron California Raid (CA) www.spykercars.com 11-12—Automobilia Monterey (CA) www.automobiliamonterey.com 11—Carmel-By-The-Sea Concours On The Avenue (CA) www.motorclubevents.com 11-12—The Quail Rally (CA) www.quaillodgeevents.com 13—Pebble Beach Tour d'Elegance (CA) www.pebblebeachconcours.net 14—Concorso Italiano (CA) www.concorso.com 14—La Dolce Vita (CA) www.montereybayconcours.com 14—Pacific Grove Auto Rally (CA) www.pgautorally.org 14—The Quail, A Motorsports Gathering (CA) www.quaillodgeevents.com 14-15—Pebble Beach RetroAuto (CA) www.pebblebeachconcours.net 14-16—Rolex Monterey Historic Races (CA) www.montereyhistoric.com 15—Concours d'Lemons (CA) www.concoursdlemons.com 15—8th Annual SCM Insider's Seminar (CA) www.sportscarmarket.com/monterey2009 16—AFAS Exhibition (CA) www.autoartgallery.com 16—Pebble Beach Concours (CA) www.pebblebeachconcours.net 22—Morgan Adams Concours (CO) www.morganadamsconcours.org 22-23—Masterpiece Concours (WI) www.milwaukeemasterpiece.com 23—Geneva Concours (IL) www.genevaconcours.net 26-30—Interauto 2009 (RUS) http://interauto.auto-fairs.com 28-30—Corvettes at Carlisle (PA) www.carsatcarlisle.com 30—Concours of the San Juan Islands (WA) www.sanjuanconcours.org Sports Car Market

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SCM Contributors TOM GLATCH has contributed hundreds of texts and photographs to automotive publications over the last 25 years. Interests in architecture and design, history, and engineering combine with talents as a writer and photographer to produce stories that reveal the soul of an automobile, or the people that create, collect, or race them. Glatch has contributed stories to all the major Corvette, Mustang, muscle car, and Mopar magazines. His large-format photographs are frequently in Collectible Automobile magazine and have been used in a number of books and calendars. He works full-time for a Fortune 500 corporation as a data- and systems-analyst. In this issue, he analyzes the sale of the 1965 Chevrolet Chevelle SS Z16 prototype sold at Dana Mecum's Original Spring Classic Auction. You'll find it on p. 46. IAN KELLEHER began his automotive career following his graduation from Oberlin College. As the son of an automotive engineer, he followed his roots and began in the auction industry at Christie's, working as a specialist in the Motor Car Department. In 2000, he joined RM Auctions and immediately assisted in the continued development of the company's auction catalogs, marketing, and corporate image. Over the years, Kelleher has overseen most of the estate and private collection auctions such as Carail, the Gene Ponder Collection, the John McMullen Collection, the Art Astor Collection, and Joe's Garage. He has also managed RM's forays into different areas of collecting, such as the unique Brucker Collection of Kustom Kulture icons. In 2008, he was appointed President and Chief Operating Officer of RM Auctions. He recently drove the California Mille—his first vintage rally—and you can read all about his adventures on p. 30. THOR THORSON grew up in northern Iowa. His father bought a red Jaguar XK 150 in the late 1950s, and that was all it took; he has been in love with sports cars, racing cars, and the associated adrenaline rush ever since. He has vintage raced for over 20 years, the bulk of them spent behind the wheel of a blue Elva 7. When he's not racing, he is president of Vintage Racing Motors, Inc., a collector car dealer and vintage racing support company based in Redmond, Washington. His knowledge runs the full spectrum of vintage racing, and he's put that expertise to good use in the pages of SCM since 2003. On p. 48 of this issue, he applies it to a 1990 Ferrari 641/2 Formula One race car that sold in May at RM Maranello. WILLIAM “CHIP” LAMB has been writing on the collector car hobby for more than ten years. He lives in Richmond, Virginia, with his wife, Karen, where he owns and operates West of Sweden Saab, which supplies new and “previously enjoyed” parts to thousands of vintage Saab owners worldwide. Though best known for this role as a technical advisor and vendor to that community, his own tastes run to the eclectic, owning not only quirky veteran Swedes but a broad selection ranging from pre-war American to modern sports cars. He has been an Auction Analyst for SCM for two years, and in this issue you'll find his coverage of the Spring Carlisle Auction on p. 62. 14 Sports Car Market Publisher Keith Martin keith.martin@sportscarmarket.com; 503.261.0555 x 210 Art Director Kirsten Onoday kirsten.onoday@sportscarmarket.com; 503.261.0555 x 202 Executive Editor Paul Duchene paul.duchene@sportscarmarket.com; 503.261.0555 x 206 Managing Editor Stefan Lombard stefan.lombard@sportscarmarket.com; 503.261.0555 x 203 Auction Editor Jim Pickering jim.pickering@sportscarmarket.com; 503.261.0555 x 208 Copy Editors Yael Abel, Kristen Hall-Geisler, Bill Neill Senior Auction Analysts B. Mitchell Carlson, Carl Bomstead, Paul Hardiman (Europe) Auction Analysts John Clucas (Australia), Daniel Grunwald, Jérôme Hardy (Europe), Chip Lamb, Norm Mort (Canada), Dale Novak, Phil Skinner Contributing Editors Steve Ahlgrim (Ferrari), Gary Anderson (English), Colin Comer (Muscle Cars), John Draneas (Legal), Donald Osborne (Etceterini), Jim Schrager (Porsche), Michael Sheehan (Ferrari), Thor Thorson (Race Cars) Contributors John Apen, Diane Brandon, Marshall Buck, Miles Collier, Martin Emmison, Paul Hardiman, Simon Kidston, Raymond Milo, Rob Sass, Steve Serio Operations Manager Jennifer Davis-Shockley jennifer.davis@sportscarmarket.com; 503.261.0555 x 207 Senior Web Developer Jerret Kinsman jerret.kinsman@sportscarmarket.com; 503.261.0555 x 212 Information Technology/Internet Bryan Wolfe bryan.wolfe@sportscarmarket.com; 503.261.0555 x 215 Financial Manager Nikki Nalum nikki.nalum@sportscarmarket.com; 503.261.0555 x 205 Strategic Planner Bill Woodard Print Media Director Wendie Martin wmartin@enthusiastmediagroup.com; 206.427.1652 Executive Producer, SCM Television Roger Williams roger_williams@earthlink.net ADVERTISING Display Advertising Executives Ted Alfano ted.alfano@sportscarmarket.com; 877.219.2605 x 211 Cody Wilson cody.wilson@sportscarmarket.com; 877.219.2605 x 213 Classified Advertising classifieds@sportscarmarket.com SUBSCRIPTIONS Subscriptions Coordinator Mary Artz 877.219.2605 x 204; M–F 9 am to 5 pm PST To order new subscriptions 877.219.2605 x 204 Questions about current supscriptions 877.219.2605, x 204, service@sportscarmarket.com, fax 503.253.2234 www.sportscarmarket.com CORRESPONDENCE Email service@sportscarmarket.com Customer Support www.sportscarmarket.com/helpdesk Fax 503.253.2234 General P.O. Box 4797, Portland, OR 97208 FedEx/DHL/UPS 401 NE 19th, Suite 100, Portland, OR 97232 The information in Sports Car Market magazine is compiled from a variety of reliable sources. However, we disclaim and deny any responsibility or liability for the timeliness, use, interpretation, accuracy, and completeness of the information presented. All material, data, formats and intellectual concepts in this issue © 2009 by Sports Car Market, Inc., Automotive Investor Media Group and Automotive In- vestor in this format and any other used by Sports Car Market magazine. Copyright registered with the United States copyright office. Canada Post Publication Agreement #41578525 PRINTED IN USA

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You Write We Read All letters are subject to editing. Please address correspondence to SCM, P.O. Box 4797, Portland, OR 97208. Fax 503.253.2234, e-mail: youwrite@sportscarmarket.com The shipping news To the Editor: I'm writing in response to John Draneas's recent “Legal Files” column (June, p. 30), which consists primarily of a letter from Nancy Rome about her shipping experience for a vintage rally in Italy. My wife and I are the ones who planned and produced this rally, with the help of a very dedicated couple of friends in Italy. As has been the case for the past nine years, we have done similar events for a small group of about 60 friends as a “hobby business,” and definitely not for the money. We do it mainly because we all love driving vintage sports cars, seeing new scenery, and enjoying fine food and wine. While Mrs. Rome's experience was unfortunate, I would like to mention a few points of contention with her account as printed in your magazine: 1) Our 2008 Tuscany Rallye was our first outside of California, and thus the first to involve overseas auto shipping. We therefore asked our Italian partners who they would recommend to handle the shipping of our cars at a good price and reputation. The company they found was based in Genoa and had supposedly been involved for many years with shipping cars from all over the world for the Mille Miglia into Italy, and had been in business for more than 100 years. It also had an agent in Los Angeles. In trying to be helpful to our participants, we referred them to this company (especially if they knew of no others) to help with their shipping arrangements. Some participants were more experienced than others in this process, whereas others had no experience and asked for more help from me. In my after-thefact trying to help out with the Romes' problems, I found out that the L.A. agent of the Italian shipping company made at least two mistakes, one involving a decimal point error on the car's value, making it appear to be exactly 10% of the actual value; and—according to that same shipping agent's explanation regarding the Romes' friends' Mercedes—the other problem came from a delay in receiving a letter from the 16 All other cars this shipping company handled from the U.S. arrived in Italy on time and were returned afterward without a hitch leasing company that owned the Mercedes, which led to the paperwork not being ready when the car was containerized in L.A. and then mistakenly sent by rail to the port in Houston before the paperwork was ready. This created the initial U.S. Customs delay of shipping for the two cars sharing the same container she writes about, which then meant they were further delayed by the hurricane that hit the port of Houston at that time. Without the hurricane, and even with the paperwork delays, both of their cars would have made it to Italy with time to spare before the rally. All other cars this shipping company handled from the U.S. arrived in Italy on time and were returned afterward without a hitch. Mistakes do happen—and this time Mother Nature certainly did not help out. 2) Regarding the Romes' lack of a refund, as you can imagine, when committing financially to the planning of a week-long event like a rally, the hotels and restaurants involved require full payment in advance for groups, especially when the size of the group means they have to turn others away for that period. For this reason, we (and all other rallies I've been involved with) have a clause in the application that states that no refunds can be given in the last 60 days before the event. What Mrs. Rome failed to say in her letter to “Legal Files” was that after they declined our offer to join us on the rally in a rented car, we and our Italian partners bent over backwards to accommodate them at a later time and applied their rally fees toward lodging and meals in the same first-class hotels we had stayed at on the rally. We were under no obligation to do so. My wife and I felt very sorry for what happened to the Romes and their friends regarding their shipping problems, but we did everything in our power to try to help, and then with our Italian partners' support, to help with their later tour through Italy, which Mrs. Rome does say in her letter that “they had a wonderful time” in doing.—Jim Hull, via email To the Editor: I am an attorney in New York and Massachusetts and owner of Globus Co., a transporter of highvalue cars internationally (www .globusco.com). I'd like to make a few comments regarding the June “Legal Files” piece in laying out Nancy Rome's recent experience. Mrs. Rome contacted me after her car and another had been shipped. She was very upset, knew nothing about the status of her car, and had learned she was not going to make the rally. I gave her some Italian contacts and a plan for retrieving the situation. Ultimately she went to Europe and had a chance to enjoy some of the occasion with her car. She finally did get her car home using the same shipper and agent as on the first leg. While the thrust of the piece lays it largely on the rally organizers and Customs, everybody involved in this shipment got spattered. The overall effect is to strike fear in the hearts of all who think about sending their cars abroad. This is not the way

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Ad Index Aston Martin of New England ................41 Autobooks-Aerobooks ..........................125 Automobilia Monterey ..........................125 Autosport Designs .................................103 Barrett-Jackson .......................................57 BB One Exports ....................................109 Bonhams & Butterfields ....................23, 27 Branson Collector Car Auction ...............65 Brighton Motorsports ..............................89 Brookside Import Specialties ................119 Canepa .....................................................45 Carlisle ..................................................100 Cheetah Continuation Collectible ........105 Chubb & Son Inc. ...................................53 Classic Car Restoration ........................119 Classic Motorcar Auctions ......................77 Classic Showcase ..................................119 CMC Classic Model Cars .....................107 Cobalt Automotive LLC .......................131 Concorso Italiano ....................................55 Concourse d'LeMons ............................103 Cosdel ...................................................121 Driversource Houston LLC .....................67 European Collectibles ...........................121 Fairfield County Concours ......................71 Fantasy Junction ....................................105 FedEx Auto Transport .............................69 Ferrarichat.com .....................................121 Gooding & Company ................................2 Grundy Worldwide ..................................47 Gullwing Motor Cars, Inc. ....................107 Hagerty Insurance Agency, Inc. ..............73 Heacock Classic .....................................79 Heritage Classics .....................................75 Hilton Head Island Concours ..................43 Insider's Seminar ..................................118 Intercity Lines .........................................29 JC Taylor .................................................59 JD Classics ..............................................81 JJ Best Banc & Co ................................123 Juniors House of Color .........................125 Kidston ....................................................17 Kirkland Concours ..................................74 Kruse International ..................................85 L' art et L' automobile ...........................111 Mac Neil Automotive ..............................95 Meguiar's ................................................83 Mercedes Classic Center .......................132 Mid America Auctions ............................91 Miller's Mercedes Parts, Inc ................129 Mohr Imports, Inc. ................................111 Morris & Welford, LLC ..........................63 Paul Russell and Company ...................113 Poff Transportation ...............................129 Putnam Leasing .....................................113 Quail Lodge Resort & Golf Club ............87 Reliable Carriers .....................................93 RM Auctions .............................7, 9, 13, 15 Ron Tonkin Gran Turismo ....................115 RPM Autobooks ....................................125 Russo and Steele .................................39, 1 Silver Auctions ........................................61 Sports & Specialist Cars .......................115 Sun River Concours ................................97 Superior Glass Works ..............................21 Swissvax ...............................................109 Symbolic Motor Car Co ..........................19 The Stable, Ltd. .....................................101 Thomas Hamann ...................................121 Vintage Auto Collectibles .......................99 Vintage Rallies ......................................101 VintageAutoPosters.com .......................129 Watchworks ...........................................125 Worldwide Group ......................................5 18 things ought to go. In our case, Globus's staff manage directly every step of an international shipment. This means picking up the car from the owner in an enclosed truck, taking it to our warehouse on either U.S. coast for preparation and loading in a container, preparing and submitting export documents to Customs, obtaining transportation insurance, shipping, offloading, and managing import processes in the destination country. It means also keeping the owner, old or new, informed at every step of the way. This is not to say that everything goes off without a hitch every time. But a hands-on contact and 24/7 responsiveness, plus a dense information stream to the owner, keep glitches at a minimum and anxiety away. Our owners like that.—Bob Linville, President, Globus Co., Inc., Old Chatham, NY No bull To the Editor: The next issue of SCM is always eagerly anticipated around here, and as usual, when June arrived I flipped to Mike Sheehan's column first (“Sheehan Speaks,” p. 38), where he describes the implosion of Orange County Lambo dealer Vik Keuylian's mini-empire. I take issue with his ultimate conclusion that there were “no winners here.” How about the 54 lucky buyers who paid “below wholesale” prices for their vehicles at liquidation? —Jan Jurnecka, Aptos, CA Don't be so catty To the Editor: Just a few comments on your casual damning with faint praise short take on the Jaguar XF (June, “Glovebox Notes,” p. 80). When you have a 300-hp, 4.2-liter V8 driving through a 6-speed paddle-shifted ZF automatic, it is indeed a fun ride. The EPA numbers of 16/25 mpg are on par if not superior to any other similarly powered midsized performance sedan. In actual experience in normal driving, owners have been reporting 16 to 20 mpg in town, and up to 30 mpg at a 70–75 mph cruise. Nearly all the functions of the touchscreen are duplicated Included in this new magic is the latest J.D. Power three-year ownership survey, which had Jaguar (JAGUAR!) as the most reliable car sold in the U.S. in hard buttons either on the dash or the steering wheel, with the exception of the nav and heated/cooled seats. There is no annoying interface to go through, i.e. iDrive, COMAND, etc. that will be found on our Teutonic competition. In addition, there is Jaguar voice to verbally control the climate system, the sound system, and the navigation. What you were lacking was a five-minute orientation, which I would be happy to offer you. As to the styling, this is an Ian McCallum design and is derived from his earlier Aston Martin coupes, as well as the current Jaguar XK sports cars. Please note the windshield and rear window angles are identical to those on the XK coupe; this is essentially a four-door XK from a styling standpoint. The automotive press has been rather unanimous in its praise of this car, and it has garnered several hard-to-achieve accolades, such as making the Car & Driver 10 Best list (a first for Jaguar), Automobile magazine's 2009 All Stars list, plus winning outright every comparison test in all magazines that hold such things: the Jaguar Supercharged vs. Mercedes E550, BMW 550, Audi S6, etc. in Motor Trend, Car & Driver, and Edmunds.com. The response from our customers has also been enthusiastic, bringing in an en- tirely new generation of younger car buyers who had never considered a Jaguar. The only negatives we have heard are from a few (not many) traditional Jaguar owners, and even they are finding the XF growing on them. The 2010 XJ will follow in this same design theme, and being constructed of aluminum will offer even greater performance in a larger, more luxurious package. There is absolutely no sense in “recapturing” the Jaguar magic; rather, we are creating an entirely new magic for the next generation. Included in this new magic is the latest J.D. Power three-year ownership survey, which had Jaguar (JAGUAR!) as the most reliable car sold in the U.S. An honor we share with Buick, eclipsing Lexus for the top spot.—Joe Silver, Monte Shelton Motor Cars, Portland, OR Errata SCMer Brian Peters of San Diego's Motoring Investments notes that in our coverage of RM's Ft. Lauderdale auction (May, “Market Reports,” p. 80), we incorrectly stated that lot SP10, a 1968 Mercedes 280SL, had sun visors that were mismatched from the rest of the upholstery. They were mismatched, but they should be. In fact, the 280SL visors should match the hard top headlining, not the interior, and they are always a neutral pastel color. ♦ Sports Car Market

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Time Pieces by Alex Hofberg Alex Hofberg revolutionary. revolutionary. So thought the Hamilton Watch me Pieces by Alex Hofberg revolutionary. So thought the Hamilton Watch to to create an identity for the world's first electric Arbib believed the public was ready for bold, e Pieces by Alex Hofberg revolutionary. So thought the Hamilton Watch to create an identity for the world's first electric Arbib believed the public was ready for bold, eir eir new battery-powered engine. The tradition- hief Physicist on the project, but an extravagant known as the Ventura. l than expected. The outrageous styling of the ial and sideways on the lugs of the watch—apy and Rod Serling. gn work was begun in 1946, featured a balance ng heartbeat like that of a traditional watch but an electromagnet. potentially marketable beta model, which was ew that a number of improvements were needed were developing their own electric watches and, e Pieces by Alex Hofberg revolutionary. So thought the Hamilton Watch to create an identity for the world's first electric Arbib believed the public was ready for bold, eir new battery-powered engine. The tradition- hief Physicist on the project, but an extravagant known as the Ventura. l than expected. The outrageous styling of the ial and sideways on the lugs of the watch—ap- y and Rod Serling. gn work was begun in 1946, featured a balance ng heartbeat like that of a traditional watch but an electromagnet. potentially marketable beta model, which was ew that a number of improvements were needed were developing their own electric watches and, the the first viable production model, known as the s by Alex Hofberg revolutionary. So thought the Hamilton Watch to create an identity for the world's first electric Arbib believed the public was ready for bold, eir new battery-powered engine. The tradition- hief Physicist on the project, but an extravagant known as the Ventura. l than expected. The outrageous styling of the ial and sideways on the lugs of the watch—ap- y and Rod Serling. gn work was begun in 1946, featured a balance ng heartbeat like that of a traditional watch but an electromagnet. potentially marketable beta model, which was ew that a number of improvements were needed were developing their own electric watches and, the first viable production model, known as the Production Production Date: 1957–present, with constant reissues Best place to wear one: At a classic car hop drive-in with a “five dollar milkshake” Ratings ( Rarity: Durability: ½ Parts/Service Availability: Cool Factor: Web: www.hamiltonwatch.com; www.hamiltonwristwatch.com is best): ved to be relatively accurate, the contacts were ausing the watches to fail at an alarming rate. available to train watch technicians around the ques. That, combined with a high failure rate, he watches in-house, rather than developing an ime Pieces by Alex Hofberg revolutionary. So thought the Hamilton Watch to create an identity for the world's first electric Arbib believed the public was ready for bold, eir new battery-powered engine. The tradition- hief Physicist on the project, but an extravagant known as the Ventura. l than expected. The outrageous styling of the ial and sideways on the lugs of the watch—ap- y and Rod Serling. gn work was begun in 1946, featured a balance ng heartbeat like that of a traditional watch but an electromagnet. potentially marketable beta model, which was ew that a number of improvements were needed were developing their own electric watches and, the first viable production model, known as the Production Date: 1957–present, with constant reissues Best place to wear one: At a classic car hop drive-in with a “five dollar milkshake” Ratings ( Rarity: Durability: ½ Parts/Service Availability: Cool Factor: Web: www.hamiltonwatch.com; www.hamiltonwristwatch.com is best): ved to be relatively accurate, the contacts were ausing the watches to fail at an alarming rate. available to train watch technicians around the ques. That, combined with a high failure rate, he watches in-house, rather than developing an n n a solid gold case, good examples can bring dget, the Pacer model is just as much fun, more Hamilton is now owned by the Swatch Group ke those seen on the wrists of Tommy Lee Jones me Pieces by Alex Hofberg revolutionary. So thought the Hamilton Watch to create an identity for the world's first electric Arbib believed the public was ready for bold, eir new battery-powered engine. The tradition- hief Physicist on the project, but an extravagant known as the Ventura. l than expected. The outrageous styling of the ial and sideways on the lugs of the watch—ap- y and Rod Serling. gn work was begun in 1946, featured a balance ng heartbeat like that of a traditional watch but an electromagnet. potentially marketable beta model, which was ew that a number of improvements were needed were developing their own electric watches and, the first viable production model, known as the Production Date: 1957–present, with constant reissues Best place to wear one: At a classic car hop drive-in with a “five dollar milkshake” Ratings ( Rarity: Durability: ½ Parts/Service Availability: Cool Factor: Web: www.hamiltonwatch.com; www.hamiltonwristwatch.com is best): ved to be relatively accurate, the contacts were ausing the watches to fail at an alarming rate. available to train watch technicians around the ques. That, combined with a high failure rate, he watches in-house, rather than developing an n a solid gold case, good examples can bring dget, the Pacer model is just as much fun, more Hamilton is now owned by the Swatch Group ke those seen on the wrists of Tommy Lee Jones or or other early electric Hamiltons, bear in mind a wonderful glimpse into the optimistic 1950s, e Pieces by Alex Hofberg revolutionary. So thought the Hamilton Watch to create an identity for the world's first electric Arbib believed the public was ready for bold, eir new battery-powered engine. The tradition- hief Physicist on the project, but an extravagant known as the Ventura. l than expected. The outrageous styling of the ial and sideways on the lugs of the watch—ap- y and Rod Serling. gn work was begun in 1946, featured a balance ng heartbeat like that of a traditional watch but an electromagnet. potentially marketable beta model, which was ew that a number of improvements were needed were developing their own electric watches and, the first viable production model, known as the Production Date: 1957–present, with constant reissues Best place to wear one: At a classic car hop drive-in with a “five dollar milkshake” Ratings ( Rarity: Durability: ½ Parts/Service Availability: Cool Factor: Web: www.hamiltonwatch.com; www.hamiltonwristwatch.com is best): ved to be relatively accurate, the contacts were ausing the watches to fail at an alarming rate. available to train watch technicians around the ques. That, combined with a high failure rate, he watches in-house, rather than developing an n a solid gold case, good examples can bring dget, the Pacer model is just as much fun, more Hamilton is now owned by the Swatch Group ke those seen on the wrists of Tommy Lee Jones or other early electric Hamiltons, bear in mind a wonderful glimpse into the optimistic 1950s, ity ity on the restoration and repair of this genre of deau, of Corte Madera, California, can usually Pieces by Alex Hofberg revolutionary. So thought the Hamilton Watch to create an identity for the world's first electric Arbib believed the public was ready for bold, eir new battery-powered engine. The tradition- hief Physicist on the project, but an extravagant known as the Ventura. l than expected. The outrageous styling of the ial and sideways on the lugs of the watch—ap- y and Rod Serling. gn work was begun in 1946, featured a balance ng heartbeat like that of a traditional watch but an electromagnet. potentially marketable beta model, which was ew that a number of improvements were needed were developing their own electric watches and, the first viable production model, known as the Production Date: 1957–present, with constant reissues Best place to wear one: At a classic car hop drive-in with a “five dollar milkshake” Ratings ( Rarity: Durability: ½ Parts/Service Availability: Cool Factor: Web: www.hamiltonwatch.com; www.hamiltonwristwatch.com is best): ved to be relatively accurate, the contacts were ausing the watches to fail at an alarming rate. available to train watch technicians around the ques. That, combined with a high failure rate, he watches in-house, rather than developing an n a solid gold case, good examples can bring dget, the Pacer model is just as much fun, more Hamilton is now owned by the Swatch Group ke those seen on the wrists of Tommy Lee Jones or other early electric Hamiltons, bear in mind a wonderful glimpse into the optimistic 1950s, ity on the restoration and repair of this genre of deau, of Corte Madera, California, can usually Neat Neat Stuff by Stefan Lombard Detail work Automobile artist Paul Chenard has always been passionate about the history of motorsport, and his art reflects the legendary people and machinery that comprise it. He works extensively in pen and ink, watercolor, and Prismacolor pencils, and excels at capturing the moment—be it the singular focus of Fangio on an apex, the occasion of the Herrmann/Atwood Porsche 917K winning outright at Le Mans, or the special ability of Phil Hill to triumph in nearly every Ferrari he drove. The four 22″ x 17″ archival giclées of his Hill series are limited to just 250 each, signed and numbered ($150), and the first 25 of each were also signed by Hill himself ($450). Chenard is available for commission work, and you can view all his art and contact him at www.automobiliart.com and at www.automobiliart .blogspot.com. Phil Hill signing a Chenard print 20 Sports Car Market

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In Miniature by Marshall Buck 1955 Jaguar XKD-type The Jaguar D-type is an icon—perhaps the most copied, duplicated, and replicated car, as both a model and the real McCoy. Countless variants of the D-type have been modeled in every scale and at every detail level, ranging in price from several dollars to tens of thousands. The latest model, and one of the best, is of the Model Details Production Date: 2009– Quantity: Around 5,000, but they'll never tell Ratings: 1955 Le Mans-winning long-nose, piloted to its hollow victory that tragic year by Mike Hawthorn and Ivor Bueb. This new 1:12-scale offering is from AutoArt of China. It's a mass-produced diecast model with a wealth of detail and working features. This is the company's second 1:12 D-type model. The previous release was Overall Quality: Authenticity: ½ Overall Value: Web: www.autoartmodels.com supposed to be of the 1954 Reims winner, but the research was less than stellar and the model had a number of mistakes, the biggest of which was that it was the wrong body. It should have been a short-nose car. Now AutoArt has made good use of its existing tooling for the long-nose car. The model is not 100% correct, but it is highly recommended. The overall shape looks great, though it sits a tad high. Fit and finish are exceptionally good. The very dark BRG paint is polished to a high luster. Application of the painted roundels with numbers and the license plates are first rate; however, the location is noticeably off. The Le Mans winner is also missing the GB letters on the rear, as well as white paint that should continue from the rear side of the fin onto its rear vertical edge. The list of working features is impressive. I counted somewhere around twelve, though a couple did not work well on my sample. The cockpit is quite complete, including legible gauges, sprung pedals, and leather-trimmed seats that look good, though the color is incorrect. To open the huge bonnet, one must first unbuckle the leather straps and flip the two chromed handles forward. The engine bay is quite detailed; some of it is correct and some is not quite right. The gas door and filler cap atop the rear fin also opens; and a nice touch is the leather strap inside the door to allow it to open only so far. I was surprised to see how well the working handle with locking spring on the rear spare tire door operated. Equally surprising was the complete absence of the spare tire. There is good chassis detail to be seen if you dare to turn the model over. AutoArt has done a fine job with the Dunlop disc wheels and treaded tires, which have no sidewall lettering—a licensing issue, I'm sure. One problem on the wheels is that both sides just have left-hand knockoffs. I've noticed this on the company's smaller 1:18 Jaguar models, so a little more research would be appreciated. This Jaguar is a serial-numbered production model, not a limited edition. However, it may or may not be available for too long, and availability will depend on overall market demand. Read: “You snooze, you lose.” Even with the assorted issues, it's a great model, and the only way to get a better one is to spend much more than its $499.95. Available from AutoArt, 562.623.0210. Speaking Volumes by Mark Wigginton Paul Newman: A Life by Shawn Levy, Harmony, 2009, 496 pages, $19.10 (Amazon) Start with an elegant body, a thing of beauty from almost any angle, add in a supple suspension that looks like it is loafing even when hard at work, and keep it active and performing for more than half a century. It can't be anything but a classic. In this case, it isn't the description of a lovely old car. Instead it works as well for an actor with a passion for cars: Paul Newman. Newman was more than an actor; he was a racer, philanthropist, arts patron, and the easy-going sex symbol for more than one generation of American women. His skill behind the wheel (he was awful in the begin- ning) grew, along with his skill in front of the camera—a Method actor who focused the same intensity and passion on racing as he did on exploring his various characters, from Cool Hand Luke to Fast Eddie Felson. Newman's SCCA National Championships outnumbered his Oscar nominations, and evidently he was proudest of the former. Shawn Levy, who has also done exhaustive biogra- phies of Jerry Lewis, Porfirio Rubirosa, Frank Sinatra's Rat Pack, and even the go-go 1960s in swinging London, explores the many facets of Newman's life (unfortunately without Newman's involvement in the project), and creates a detailed, revealing look at the brain behind the famously blue eyes. It's the story of a man who always felt lucky, blaming “Newman's Luck” rather than his hard work for his success. It's the story of a man who found in racing the athletic grace that had eluded him in other sports, a story of second and third acts, with his lark of a salad dressing business turning into a cash cow for charity, and his Hole in the Wall Gang camps providing a week or two of normalcy for kids who spend the rest of the year in hospitals. It was a life well lived, and well documented by Levy. Provenance: Denied access to Newman himself, Levy did an exhaustive compilation of interviews with the actor over the length of his career, added in his own interviews with those who knew him, and found in those words the truth of the man, his passions, and his failings. Fit and finish: With little more than a handful of photos, Paul Newman: A Life is woefully short of images of a man known for his exterior. But the way Levy gets to the interior makes up for it. Drivability: Levy, the film critic for the Oregonian in Portland, is a deft writer with sharp insights on both the creative process and what finally winds up on the screen. He brings that critical eye to Newman's life and career, and I found myself once again recognizing that Newman is proof that the ones who make it look easy often work the hardest, on screen or at the track. And Levy makes it look easy. 22 Sports Car Market

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Industry Roundtable Tom Black Owner, Tom Black's Garage; Consultant, Bonhams Auctions, Portland, OR It's hard to make money Name three cars you can buy, restore, and sell—and come out ahead. if you're talking restoration, though you might fluff something up and make a buck. The cost of time and material is so high today that unless somebody gives you a car or you find $10,000 under the front seat, you can't turn a profit. You have to buy right and you can do a bit—paint, maybe do the seats, put in a clutch. There's an upside to the 1½ Series E-types, especially the coupes; perhaps you find a good car that's not got a lot of sparkle and can bring it around without starting over. You might do a Porsche, but it's so hard to buy one at a realistic price. I'd say early Ford V8s, maybe up to the 1950s, are a possibility. Perhaps they were restored 30 years ago and they're a bit shopworn and dated. Find an average Ford V8, maybe put in a drop axle, wheels, and carbs and make a cute hot rod. You can't buy a Bugeye or an MG A, because they need so much. I looked at a nice TD, which started and ran well. It had $3k thrown at it but there was $30k to go, and then it's worth $17k. Most British cars were worn out 30 years ago and you just can't buy them cheap enough. Of course, you might sneak up on an orphan—a nice little Renault Caravelle—and get some money for it. Alex Finigan Sales Manager, Paul Russell and Company, Essex, MA I think the only way a non-professional restorer can come out “ahead” is to do a large part, if not all of the work, himself. In that vein, simplicity is the key. Look for cars that were manufactured in large numbers and were popular in their time period. Start with the best example you can find. Former accident damage and rust are best handled by professionals, and that equals dollars x hours. Restoring a car at home can be hugely rewarding, but it requires pretty decent organizational skills. I'd choose something that has a very good support system for parts, club information, and such. It may be tough to do a Porsche 356 and come out ahead, but I think you could get a 911T that fits the bill and follow the rising tide on 911Ss. Also consider a Mini Cooper S, and perhaps a Bugeye. Very simple mechanics, and just about every part is still available. The Holy Grail would be to find that low-mileage, all-original classic that's been sitting for 25 years. These are the cars that are the most desirable. I recently bought a '67 911 with 23k miles from the original owner. He parked it in 1981 and let it sit. It's now my favorite car, and it drives like it just left the showroom. To be able to do one of these, perhaps with your son or daughter, is where you really come out “ahead.” Steve Frisbie Owner, Steve's Auto Restorations, Portland, OR The key to a restoration is how much work you can actually put into a project yourself, keeping outside costs to a minimum. My first choice would be a 1930s car or pickup truck “rat rod.” This form of reconstruction parallels a restoration and is very popular. A funky “backyard” build lends itself to an inexpensive ratty purchase and a cost-effective reconstruction with cast-off parts or inexpensive swapmeet purchases. If it's sound, unique, and has good eye appeal, a quality rat rod can easily find a new owner. It's the low end of a restoration investment but an interesting one. A mid-range investment might be a 1939 Ford coupe or convertible, either an older quality restora- tion or a low-mileage original car. Resto-rods are hot and buying a sound Ford and installing a modern V8, upgrading the brakes and suspension, picking the right wheels and tires, and setting the car into the right “stance” can make a world of difference in its appeal. The better car you start with, the less money you have to put into it. Stay away from repainting it or redoing the interior. For a larger investment I'd consider a 1954–63 Mercedes-Benz 300SL Gullwing or Roadster. They are complicated, but there are enough reproduction parts and original parts left to make the restoration practical. Buy a solid car to begin with—remember, you make money when you buy the car, not when you sell it. 24 Sports Car Market

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Mark Hyman President, Hyman Ltd. Classic Cars, St. Louis, MO My rule is, if you love the car, it does not matter what you spend to restore it. However, if you are looking at it as an investment, it is quite a different picture. First, most restorations begin at $100,000 and can go to $500,000, depending upon the car and the work required. So if a car is worth less than $100,000 when completed, it probably makes no sense to do a full restoration. Concours-quality restorations do not always provide a return to the owner. Here are a few rules to consider when deciding on a restoration. 1. Restorations often cost double what you budget. 2. Restorations often take twice as much time as you planned. 3. Unless you are dealing with a well-known restoration shop, you really don't know the end result in terms of quality and correctness. I strongly suggest using professional shops that can do the whole job in-house. They have a better ability to control the process and so the end result. The negative is that these shops are usually more expensive. 4. Another rule of thumb is the lower the value of the car, the less chance one has of breaking even or making a profit. It usually costs the same to paint a $100k car as it does to paint a $500k car. So it's more profitable to restore a more valuable automobile, since the restoration costs remain relatively constant. Wayne Obry Co-owner, Motion Products Inc., Neenah, WI “None.” Sorry, that's too short an answer, isn't it? I suppose a hobbyist could come out ahead if he discounted his time. But can you justify 3,000 hours on an E-type with a shop rate of $70–$90 an hour? That's a quarter of a million dollars—in an E-type. Of course, if you're a hobbyist and you got the car from your uncle for $1,000 and you spent five years working on it in your garage, it might work. Guys do it, but I don't know to what level. We've had some success at Pebble Beach and three or four Jaguar Club of North America national championships, but you can't buy and sell just anything. And that's not what we do, anyway. There are people with a 356 Porsche cabriolet who'll spend $150,000 on the car, but they're ec- centric owners with their own goals, and we're their right arm. I guess you might find a '69 Camaro RS for $10,000 and find a shop that would put new fenders on it, fit a kit interior and paint the motor, and you might get $35,000 out of it. I just can't think how anybody could make money like that. Reid Trummell Editor, Healey Marque Magazine Assuming that your labor is free and you are prepared to hold on to the car for awhile, here are my picks: 1955–56 Austin-Healey 100, series BN2: Prices for these early 4-banger Healeys are all over the map, but decent restoration candidates can be found for $10k–$15k, and a nice example in condition #2 typically retails somewhere in the $35k–$60k ballpark. A Le Mans kit is a big plus. 1970–74 Alfa Romeo GTV. Breaking the rule that says: “If the top goes down, the price goes up,” prices for the GTV far outpace those for the Spider. Restorable GTVs can be found for $10k and perhaps a little less, and nicely restored examples can sell for $25k and more. There's not a lot of room to come out ahead here, but control costs and it can be done. 1965–72 Alfa Romeo Giulia Super. If you can get over the Lada-esque looks, buy it right from someone who isn't in the cult, and find a buyer who is… then coming out ahead is a realistic possibility. The gap between “restorable” and “restored” for these Mr. Magoo-buys-aforeign-car charmers is widening as they ride the coattails of GTV price inflation, and it's all about the gap. August 2009 If you're a hobbyist and you got the car from your uncle for $1,000 and you spent five years working on it in your garage, it might work 25

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Affordable Classic Triumph TR6 Triumph's Joan Rivers When Karmann face-lifted the Triumph TR4 in 1968, there were still some arthritic old bones behind the TR6's wide smile and smooth skin by Rob Sass the Gloster Gladiator and Fiat CR42 were looking quite antique. The Triumph TR6 was the Gloster Gladiator of sports cars: If not absolutely the last traditional British sports car to be produced, it was the last one designed by a major manufacturer— the true end of an era. The “Six” was the culmination of a T long and proud line of sports cars designed by the old Standard-Triumph Company, starting with the TR2 in 1953. Triumphs were known generally for their ruggedness rather than technical innovation (save being an early pioneer of disc brakes), and time always seemed to advance faster than the company was able to update its products. By the time the TR4A was introduced in 1965, even Triumph's best efforts at adding features such as roll-up windows and a crude independent rear suspension couldn't hide the fact that this was an aging separate body and chassis design with an engine at the end of its development. The addition of the smooth 2.5-liter straight-6 created the U.S.-only TR250 in 1968, which was a positive step, even if its pitiful 104 carbureted horsepower paled beside the 150 hp fuel-injected TR5 in Europe. But by the late 1960s, the fin-tailed Michelotti body looked ancient and would have been replaced in 1968 had Karmann—which was tasked with designing the TR6—not assumed that Triumph would like the tooling measurements in metric rather than English standards. Keeping the TR4 doors, windshield, and inner fenders The resulting flub ensured the TR6 would be launched as a 1969 rather than 1968 model. Triumph—by this time part of the ill-fated British Leyland empire—was so poor at this point that it mandated Karmann keep the doors, inner fenders, and windshield frame of the TR4/250. All things considered, Karmann did a masterful job. The clean and simple body of the TR6 looks fresh and contemporary today. The TR6, of course, kept the straight-6 of the TR250 and in U.S. twin Zenith- Stromberg form still produced a measly 104 hp. And while not powerful, it was at least smooth and torquey and capable of producing one of the nicest exhaust notes of any 6-cylinder sports car. The driving experience is textbook vintage British sports car. Although all TR6s have independent rear suspension, they don't really ride or handle any better than a solid-axle TR4. As IRS designs go, it wasn't one of the better ones, with limited suspension travel and ancient Armstrong lever shocks producing a decidedly bouncy ride with distinct changes in pitch on braking and hard acceleration. Braking is more than adequate under most cir- Details Years produced 1969–76 Number produced: 94,619 Original list price: $3,595 SCM Valuation: $15,000–$25,000 Tune-up cost: $250 Chassis#: Plate on left inner fender Engine #: Left side of block Club: Vintage Triumph Register PO Box 655 Howell MI, 48844 More: www.vtr.org Alternatives: 1963–67 Austin-Healey 3000, 1980–81 TR8, 1967–69 MG C SCM Investment Grade: C 26 cumstances, with mild servo assist. Steering is sharp and reasonably light, though the negative camber on lock makes the car impossible to push (and if you own one, be assured that at some point you will have to push it), except for straight ahead. TR6 interiors changed very little TR6 interiors changed very little over the seven- year production run, with the same general fully instrumented layout as a TR4. Dash wood always had a matte finish, and over the years, it grew a few additional warning lights and an updated gauge face. he age of the biplane fighter lasted from roughly 1915 to 1941, by which time the last of the fabriccovered, fixed-gear aircraft like Pre-1973 seats were high backs with integrated headrests, while later seats were low backs with separate headrests. Neither style came in anything but vinyl. Bumper laws affected the car, although certainly not to the extent of an MG B. Post-1973 cars grew huge rubber rams, and the bumpers were raised a few inches in 1975–76, necessitating the repositioning of the front signals under the bumper. In all, it wasn't bad. Earlier cars don't carry much of a premium over the later ones, although some collectors prize the 1969 cars with their unique rear fender beading, folding headrests, and Rostyle wheel covers. Nearly every car was delivered with Redline tires and a top with reflective tape on it. Rallystyle steel wheels were standard, and painted 72-spoke wires were optional until 1973. Overdrive was optional but uncommon. Like everything else from the 1970s, TR6s were avail- able in some rather wild period colors like Magenta and Jade Green. These can be tougher to sell, as comparatively few people want a bright purple TR6. The chassis tag indicates the color code of a TR6, so it's relatively easy to tell in what colors any car was born. It's a cinch that any red TR6 with a flat black engine compartment started out in one of these now-unloved colors (originally, the engine bay was painted body color). Likewise, any black car is a personal inspiration. With its separate body and frame construction, a TR6 is a relatively straightforward car to restore, even for a body-off job. Rust is of course always a problem, especially with the non-rugged TR6 frame. Frames rust at the rear trailing arm mounting point, and the front lower control arm mountings are notoriously weak. Replacement frames are available from several sources, and it's never a bad idea to consider one of the kits to beef up front suspension mountings. Other rust areas are the floors, rockers, behind the headlights, and the very tips of the rear fenders. Parts, including body panels and full interior kits, are both easily available and not very expensive. As an inexpensive collectible, the TR6 has immense appeal. They're decidedly masculine, good looking, and easy to keep on the road. After Big Healeys took off around 2005, it was widely predicted the TR6 would be next. It didn't happen for several reasons, not the least of which is the fact that nearly 100,000 were produced and many survive. And oddly, Karmann's masterful styling job works against it too—even after nearly 40 years, it still looks contemporary today, particularly when compared to the very vintage-looking TR4. Like most second- and thirdtier collectibles, it will continue to appreciate at a modest rate, with the best examples in good colors being the best bets in the long run. ♦ Sports Car Market

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Legal Files John Draneas Track Day Insurance High Performance Driver Education coverage insures bad things don't happen to good people (that's you) during track days by John Draneas Invitational track event at Las Vegas Motor Speedway. Dodge sponsors such events periodically, and invites Viper owners to participate. The sessions include classroom instruction, track time, and professional driving school instructors. According to reports from knowl- H edgeable sources, here is the surprising story. A novice (never before on any track) Viper owner, who just happened to be a state court judge, was paired up with an instructor from a professional racing school. Everyone involved signed a full release of liability. After the first couple of laps, the instructor insisted that the student was braking too early for the turns, and told him to stay on the throttle until the instructor told him to hit the brakes. Whether it was a communication problem or reac- tion problem, the end result was that the student braked too late, sending the Viper into a spin and into the concrete wall. The student was unhurt, but the instructor's foot was tangled up in the mangled floorboard, trapping him in the car. He was cut out of the car and rushed to the hospital. In addition to less permanent physical injuries, he lost a toe that the doctors were unable to reattach. In a twist to the usual track liability claim, the instructor sued the student, claiming he was to blame for the injuries because he didn't follow instructions. The instructor's claims include medical costs, pain and suffering, loss of the toe, lost wages, impairment of his ability to properly heel-and-toe downshift, and loss of marital relations from his resulting feelings of inadequacy without the toe. He has demanded $1.5 million in damages, and the case is presently scheduled for trial in October. This is not the first time “Legal Files” has reported on track liability and the fact that most automobile insurance policies now specifically exclude racetrack claims from coverage, but many track day participants still don't understand or believe that. Problems beget opportunities Fortunately, a new industry has developed to fill the need. An Internet search under “track day insurance” will identify a number of insurance agencies that offer coverage specifically designed to protect you and your car from financial ruin. These policies typically cover damage to your vehicle only, but some offer liability protection as well. Some are single-event policies, while others are annual policies. There are too many to list and 28 Brake... brake... BRAKE! ere's a man-bites-dog twist to track day crash liability concerns, resulting from a crash at a Dodge Viper Owners Company detail, so “Legal Files” reviewed three companies' offerings to give readers an overview. Steve Katz, of Jacob J. Katz and (www.ontrackinsurance .com), worried about his own lack of coverage when driving his Viper ACR at track days. He searched around for an insurance company that would be interested, and eventually paired up with Great American Insurance Company to offer High Performance Driver Education (HPDE) coverage. Instant price quotes and online applications are easy to use. Maximum available coverage is $100,000, but Katz expects that to increase substantially very soon. Premiums are typically about 0.56% of the value of the car. The deductible is 5% of the value of the car, with a $1,500 minimum. Coverage is afforded for an entire event, whether it is one or two days in length, with a 50% discount for a third day of an event. For example, say you are driving a $50,000 Porsche Boxster S. Your premium will be about $280 for the first two days, with a deductible of $2,500. $15,000 of crash damage costs you $2,500 to repair. Total the car, and you get a check for $47,500. Your premium is refundable, except for the modest service fee, if you don't par- ticipate in the event after buying the policy. Damage caused by you, your designated co-driver, or your instructor is all covered. Applications are virtually automatically accepted if the event is listed on their calendar (most club events are). Other events are individually reviewed. Coverage is denied for race events and race cars, defined as those incapable of being registered for street use, for those who have had a previous HPDE claim (subject to review), and for those with poor driving records. Katz explains, “We are looking to insure competent drivers who are willing to obey the rules established at well-managed track events. We don't care so much about a ticket or accident or two, but ‘habitual traffic offenders' display a lack of willingness to follow the law, and are likely to not follow track rules either.” Katz assures readers that HPDE coverage is sorely needed. “The days of racing exclusions requiring ‘speed contests' or ‘timed events' are long gone. So are the days of insurers that will cover you once before they cancel you. Every auto policy I've seen over the last few years has contained a very broad exclusion that denies coverage for just about anything that happens on a racing surface.” Register and insure Many track day sponsors have signed on with Motorsportreg.com to handle their event registrations. In a very logical pairing, Motorsportreg.com teamed up with Lockton Infinity Insurance Company to provide HPDE coverage that is a mouse-click away. The program is very similar to the Katz program, with instant price quotes and online applications. Maximum available coverage is $100,000, and premiums are typically about 0.6% of the value of the car. The deductible is 5% of the value of the car, with a $1,000 minimum. Coverage is afforded for an entire event, whether it is one, two, or three days in length, and your premium is refundable, except for the modest service fee, if you don't participate. Damage caused by you, your designated co-driver, or your instructor is all covered. Applications are virtually automatically accepted if the event is listed on their calendar (most club events are). Other events are individually reviewed. Coverage is denied for anyone who has had a previous HPDE claim within three years, and for any racing or competitive event, including time trials. Sports Car Market

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The other way to go Anthony Bevilacqua, of Anthony & Company, Inc. (www.anthonycompany.com), has taken a different course. Teaming up with Lloyd's of London, Anthony offers annual policies that will cover you for up to ten events per year. Each policy is individually underwritten, based upon numerous factors such as skill, claims, experience, etc. Bevilacqua gave an example of a recent quote for a 2000 Ferrari 360 Challenge Car valued at $100,000. The premium was $4,000, with 100% coverage after a $10,000 deductible. If you do all of the ten allowable events, that comes out to $400 per event, or a rate of only 0.04% of the value of the car. But what really sets Anthony & Company apart is that they offer liability coverage as well as property damage coverage. Standard coverage is $1 million, with typical premiums of $1,500–$2,000 per year for up to ten events. Higher limits, up to $5 million, are available in the $5,000–$7,000 range. Coverage is quite broad, including any third party liability for anything that arises from a track incident, and can insure you, anyone driving your car, and any specifically designated others. Bevilacqua agrees with Katz that most every auto policy now excludes anything that happens on a racetrack, and he stresses that the policies extend that exclusion to the liability coverage in your policy, not just the property damage provisions. He adds, “Most people agree that the liability waivers signed by participants are not enough to give complete peace of mind. There are many ways they might be unenforceable. They might not be properly signed, for example. Also, if a death occurs, the waiver might not restrict the legal claims of the person's survivors, depending on the law of the particular state. These policies are pretty cheap ways to sleep at night.” “Legal Files” agrees wholeheartedly. You are really very foolish if you think nothing bad will ever happen to you at a track event, or if you assume that your auto policy will protect you. These specialized policies are affordable, especially when you consider the cost of your entry fees, tires, brakes, fuel, and wear and tear on your car. If you participate in track events, check out these and other carriers to find the best policy for you. A key warning But there is a potentially huge downside here. Keep in mind that these are all agreed-value policies. Also, they contain the typical auto insurance policy provisions that damage in the range of 70% or so of the car's value will result in it being declared a total loss. When that happens, you get paid the amount of your agreed value, and the insurance company becomes the owner of the wrecked car. So, say you want to insure your $450,000 Porsche Carrera GT. You make the mis- take of thinking you can buy $100,000 of coverage and self-insure the rest. You have an incident that results in $80,000 of damage (not hard with this car), and the insurance company has the right to pay you $100,000, the amount of your agreed-upon coverage, and own the wrecked car. Even if you can talk them into selling the wrecked car back to you cheaply, you might still end up with a salvage title and a greatly diminished value. Katz says they really have no interest in such a situation. They don't want to end up with hard feelings if this result arises, and they don't want to take the risk of partially insuring a $450,000 car. Consequently, they pay very close attention to the values placed on the cars, and refuse to provide coverage when this sort of situation is possible. But readers shouldn't rely on the insurance company to protect them, because they stand to lose a lot of money if a loss situation falls through a crack in the policy. It's far better to know exactly what you are getting into. ♦ JOHN DRANEAS is an attorney in Oregon. His comments are general in nature and are not intended to substitute for consultation with an attorney. August 2009 29

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Event California Mille A Thousand Miles of Dusty Good Fun We got underway early Monday and being expert navigators, managed to drive entirely off the course map before lunch by Ian Kelleher Ian Kelleher's Lincoln and Drew Alcazar's Porsche, to scale How were the dual gas tanks going to work? And what about music? One thing I did know was that I was looking forward F to it. After twelve years in the auction business, it was a change to take part in an event that was focused on having fun with like-minded enthusiasts. Assuming, of course, that the Lincoln could actually complete the trip… In advance of the Mille, my friend Bryan May and I submitted our 1954 Pan Americana Lincoln for acceptance, prepared for the possibility it might not make the cut. But it probably didn't hurt that the brain trust behind the event, Martin Swig, had once owned the car and was seemingly delighted to have it on the rally. Once we were in, it was time to prepare the Lincoln for its biggest adventure in a long time. Bryan, a seasoned veteran of numerous events, including the Pebble Beach Rally, took charge, and with the guidance of our friend Bruce Gregory of Tired Iron Works in Monrovia, California, our car was dutifully prepared with all the important ancillaries—the brand new stereo with iPod hookup, cigar lighters, four additional fog lights, and a “Dukes of Hazzard” air horn. 30 acing my first vintage rally, I had no idea what to expect. Could our yellow and black Sherman tank of a Lincoln complete the 1,000 miles of the California Mille? Would the brakes hold up? We managed to drive off the course before lunch The Mille kicks off at the lovely Fairmont Hotel in San Francisco, where participat- ing cars are displayed at the Sunday morning concours at Nob Hill. As planned, good old Ed “the Tow Guy” Brown delivered our spectacle of a car, immediately confirming our suspicions that ours was going to be the cheapest in the event. It was a great day of reuniting with old friends and meeting new ones. We got underway early Monday and expert navigators that we are, Bryan and I managed to drive entirely off the course map before lunch, which required an entirely new map to get us back to where we needed to be. It probably didn't help that neither the odometer nor speedometer worked. To our great relief, though, the rest of the Lincoln performed well throughout the day and got us back to the group, and our iPod hookup ensured that even though we got lost, at least we did it to a great soundtrack. Day one: success. Days two and three were equally enjoyable. We managed to stay on course, more or less, for a picturesque cruise down Highway 1, through the Central Valley and the Goldrush Foothills. An SCM Breaking News bulletin on day three announced that RM would be presenting the Nick Alexander Woody Collection for sale this August in Monterey, which prompted questions from many of the Mille participants; so much for getting a few days off. Day four began with a road that Details Plan ahead: April 2010 Where: San Francisco, CA Cost: $5,800, approx. More: www.californiamille.com seemed purpose-built for our car. For over ten miles, Bryan drove the Lincoln with reckless abandon, without another entry in sight. Most had turned back after taking one look at the heavily graveled roads; they had beautifully executed paint Sports Car Market

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finishes to protect, whereas we did not. So with gravel clanking off the car, we created the largest dust cloud we could. Mission accomplished. My own Daytona 500 After lunch, it was my turn behind the wheel, and as we set out for the photo stop, I noticed we were about the fourth car in line. I couldn't help myself, and since the Lincoln had performed so well for the past three days, what harm could a little spirited cornering do? I hauled ass up the winding ten miles to Mount Tamalpais, with Bryan shouting “NO!” and “Keep your hands on the wheel!” each time I asked for a cigar, a drink of water, or looked off to my right at the long drop that was going to kill us both. We came into the photo stop in row one, dead center, and for some reason I felt like I had just finished my own Targa Florio. I'd managed to throw the old tank around some, which nearly gave my co-driver a heart attack. All in good fun, right Bryan? As we made our way down the mountain, a throng of children from the local Sausalito grade school crowded the streets as if expecting Hannah Montana to appear. The kids loved that stupid air horn and it was a perfect finish to a fantastic rally. May (left), Kelleher, and the Sherman tank Martin Swig and his volunteers and employees made the event memorable and one I will attend again in 2010. Bryan may still require some convincing as my co-driver, though I have promised to pack a defibrillator. Post script: After successfully completing the Mille, I took the Lincoln for a cruise down Ventura Boulevard in Studio City and broke down after ten miles, thus proving that the secret to a successful rally is one thousand miles exactly, and no more. ♦ California Mille SCMers Drew & Josephine Alcazar—Phoenix, AZ 1956 Porsche 356 Speedster Stanley Bauer & Craig Gilbert—Beverly Hills, CA 1953 Jaguar XK 120SE Richard Belveal & John Leshinski— Prescott, AZ 1936 Buick Special John & Sonia Breslow—Scottsdale, AZ 1957 Alfa Romeo Giulietta Spider Veloce George Brewster & Darrach Bourke— Belvedere, CA 1958 Alfa Romeo Giulietta Sprint Miles Collier & Scott George—Naples, FL 1952 Cunningham C-3 Craig & Bunny Davis—Pebble Beach, CA 1953 OSCA MT4 Robert Davis & Joe Duckworth—San Francisco, CA 1953 Siata 208S Dick & Matilde DeLuna—Woodside, CA 1948 Nardi-Danese Corsa Spider Fred & John Ehle—Oconomowoc, WI 1957 Jaguar XK 140MC James Feldman & Terry Jondahl— Portland, OR 1957 AC Aceca-Bristol John & Betty Fitzpatrick—Redding, CA 1939 BMW 328 Peter Fodor & Mory Ejabat—Los Angeles, CA 1956 Jaguar XK 140SE Ernie & Jeanne Gabiati—Lafayette, CA 1956 Jaguar XK 140 OTS Frank & Leah Gabrielli—Danville, CA 1957 Alfa Romeo Giulietta Spider Veloce Ted & Tory Gildred—Solana Beach, CA 1959 Porsche 356 Roadster Charles & Barbara Goodman— San Rafael, CA 1962 Alfa Romeo Giulia Spider Ian Kelleher & Bryan May—Studio City, CA 1954 Lincoln Capri Keith & Wendie Martin—Portland, OR 1957 Alfa Romeo Giulietta Spider Veloce Bruce & Sandra Massman—Beverly Hills, CA 1957 Talbot-Lago Dupont Richard Mattei & James Stokes— Normandy Park, WA 1953 Allard K3 Dick McClure & Tom Shaughnessy— Stockton, CA 1957 Devin Volkswagen Larry & Debbie Mindel—Sausalito, CA 1957 Lancia B24 Robert Mirvis & Al Cortes—Beverly Hills, CA 1957 Alfa Romeo 1900 CSS Thomas Mittler & Aubrey Finburgh—Three Rivers, MI 1953 Ferrari 250 MM Donald & Kristin Polak—Nashville, TN 1952 OSCA MT4 Douglas & Joan Prestine—Los Angeles, CA 1960 Porsche 356 Roadster Ronald & Deborah Rader—Los Angeles, CA 1957 Jaguar XK 150 Diego & Helena Ribadeneira—Miami, FL 1957 Mercedes-Benz 300SL Simon & Lolita Roosevelt—New York, NY 1956 Alfa Romeo Giulietta Spider Normale Don Rose & Bruce Crocker—Salem, MA 1957 Aston Martin DB2/4 Stephen Ross & Helge Karimse—Calgary, Alberta 1957 Talbot-Lago America Ray & Janet Scherr—Westlake Village, CA 1953 Nash-Healey Matthew Sell & Peggy-Ann Rupp—Boise, ID 1939 BMW 328 Thomas & Jane Smith—Nashville, TN 1952 Aston Martin DB2 Kent & Nicole Sokolow—Pasadena, CA 1956 Jaguar XK 140MC Larry & Jay Briggs—Woodside, CA 1953 Alfa Romeo 1900 CS Elton Stephens & Malcolm Morrow— Birmingham, AL 1961 Mercedes-Benz 300SL Camilo & Carmen Steuer—Bogota, Columbia 1957 Alfa Romeo Giulietta Spider Veloce Dennis & Kathy Varni—Monte Sereno, CA 1957 Maserati 200 Si John & Lisa Weinberger—Naperville, IL 1955 Lancia B24 Doug & Ellen Weitman—Malibu, CA 1957 Porsche Speedster Cory & Robin Youngberg— Newport Beach, CA 1957 Lancia B24 August 2009 31

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Event Mille Miglia The Italian Job I set up a chair in the middle of Pienza, a tiny hill town in southern Tuscany, and watched as 375 historic cars rolled through the narrow main street by Martin Emmison Siata 208S exits the plaza in Siena M 32 ay 15–19 saw Genoa-based MAC Events stage its second Mille Miglia, and while most participants felt it was better organized than in previous years, the entry list was less esoteric. Not only must your car now be of a model that competed in the Mille Miglia in period (1927–57), but its build date must be before May 1, 1957. You have a better chance of an entry if your car actually competed in the Mille Miglia in period. I know this because a client of mine who bought his Jaguar XK 120 alloy roadster in February 2009—well after the entry list had closed—gained an entry because his car ran in the 1950 race. Membership has its privileges, as they say. There were noticeably fewer than usual of those spectacular 1950s Ferrari and Details Plan ahead: May 2010 Where: Brescia to Rome to Brescia Cost: $5,500 approx. More: www.1000mille.eu Maserati sports racing cars, and more everyday cars of the type that competed in period. So if you are considering entering next year, take some cues from these statistics: Fiat was represented by eight pre-war and 19 post-war models; Alfa Romeo by 19 pre-war and 22 post-war. There were 15 Lancias, twelve BMW 328s, five Mercedes-Benz saloons and 18 300SL Gullwings, 19 Porsche 356s, ten Austin-Healey 100 models, ten Triumph TR2/3s, 17 Jaguar XK 120/140s (in addition to several C- and D-types), and 20 Aston Martins. The downside of this change in selection is that some really interesting cars, such as Bentley Speed Sixes, Lagonda V12s, and Ferrari 250 TRs, were excluded. There was, however, a liberal dose of the Italian Sports Car Market

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Mille Miglia SCMers Ball/Staiman—USA 1930 Alfa Romeo 6C 1750 Gran Sport Bartlett/Meade—USA 1955 Jaguar XKD-type Bilton/Bilton—UK 1957 Maserati 250S Caggiati/Caggiati—ITA 1955 Ferrari 500 Mondial SII Caggiati/Sassi—ITA 1957 Ferrari 500 TRC Claramunt/Elicabe—ARG 1933 Aston Martin Le Mans Croul/Raimondi—USA 1937 BMW 328 Darling/Darling—USA 1953 Siata 208 S Davis/Chisholm—USA 1955 Maserati A6C54 Jag C-type followed by an OSCA MT-4 “etceterini” like OSCA, Cisitalia, Abarth, Gilco, Bandini, Ermini, Moretti, Stanguellini, and the even-more-obscure Stanga and Patriarca. Wednesday's signing-on and scrutineering were smooth and efficient, with helpful officials. Thursday permitted a relaxed mingling of competitors and spectators in the middle of Brescia, followed by the traditional dinner gathering and the popular floodlit send-off from the ramp. The road book was improved by “tulip” directions, such as on the Tour Auto. The route started with the traditional night run from Brescia-Desenzano-VeronaFerrara on Thursday, followed by a long Friday haul to the Adriatic Coast, San Marino, and down to Rome, where the rain poured. The late-night escorted drive around Rome was made less enjoyable by fatigue, traffic delays, and macho interlopers in modern sports cars. There were no serious accidents, but organizers should bear in mind that old competition cars have troublesome clutches and invariably overheat in traffic, along with their drivers. As usual, the main challenges of the Mille Miglia were long waits in towns, 4x4 support crews, interlopers getting in the way, and serious sleep deprivation. If you got to bed before 2 am on Thursday or Friday night, you did well, and you had to be up by 7 am the next morning. Saturday was beautiful, and the passes and towns were as spectacular as ever. Viterbo, Orvieto, Siena, Florence, Modena, Maranello, and Cremona brought more ecstatic crowds. I set up a chair in the middle of Pienza, a tiny hill town in southern Tuscany, and watched in glorious sunshine as 375 historic cars rolled through the narrow main street. Part of the experience is the joy the cars give to enthusiasts, children, old ladies, and even casual tourists. Capping the event, the Ferrari factory held a reception in Maranello before the final midnight run to Brescia. Bugatti went 1-2 in the event, with Carlo and Bruno Ferrari in a 1927 Bugatti Type 37 edging out the Argentine team of Carlos Selecki and Juan Hervas in a 1926 type 35A. Last year's winners, Antonio and Luiano Viaro, had to settle for 3rd place in their 1928 Alfa Romeo 6C 1500 SS. Best finish by a post-war car was 7th place by Alessandro Gamerini and Pier-Luigi Nobili in a Nash-Healey. ♦ August 2009 de Bruijn/Jordaan—NLD 1954 Mercedes-Benz 300SL Deijs/Peiers—NLD 1939 Alfa Romeo 6C 2500 SS Gessler/Ducci—USA 1950 Abarth 204A Hampson/Hampson—USA 1934 MG K3 Harris/Street—USA 1949 Ferrari 166/195 S Levi/Lunardi—ITA 1951 Jaguar XK 120 OTS Lisman/Doyle—USA 1954 Aston Martin DB2/4 Louwman/Louwman—NLD 1952 Aston Martin DB3 Louwman/van Dorth tot Medler—NLD 1933 Alfa Romeo 8C 2300 Lungo Male/Male—USA 1954 Maserati A6GCS Piccagli/Tedloti—USA 1947 Maserati A6 1500 Sielecki/Hervas—ARG 1926 Bugatti Type 35A Tonconogy/Goldfarb—ARG 1932 Alfa Romeo 6C 1750 Gran Sport Tonconogy/Tonconogy—ARG 1936 Riley Sprite van Haren/de Regt—NLD 1929 Mercedes-Benz SSK roadster Welford/Bohlander—USA 1950 Aston Martin DB2 The exhaust resonates nicely in the narrow alleys 33

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Event Villa d'Este Concorso d'Eleganza Villa d'Este Emcee Simon Kidston introduced each car on display in Italian and English, switching to Voltaire's language when the owner was French or Belgian by Jérôme Hardy Grand Hotel Villa d'Este, Lake Como, the Alps, and unique vintage machinery R 34 oman author Pliny the Younger praised the beautiful colors of Lake Como in Northern Italy when he had his house built on its shores almost 2000 years ago. The blue waters, the brown earth from the surrounding Alps, and the luxurious green Mediterranean vegetation mix with crystal clear light for a magical effect. More recently, Lake Como attracted Industrial Light & Magic when George Lucas chose the balcony of the Balbianello Villa for Anakin Skywalker's first kiss with Princess Padme in “Star Wars.” A mere 30 miles north of busy Milan, the romantic setting of Como is still the perfect getaway. The Grand Hotel Villa d'Este is reckoned to be one of the ten best hotels in the world. More importantly for car aficionados, it has hosted the Concorso d'Eleganza since 1929, and the most beautiful automobiles have gathered on its grounds. BMW rejuvenated the event in 1999, and the brand was clearly visible in the dozens of new all- black 760iL, X6, and other “courtesy cars” buzzing around during this April weekend. Villa d'Este has become the leading concours d'elegance in Europe, joining smart beauties from the past with concept cars of an indeterminate future. Once again, there were more American collectors in Villa d'Este than Europeans in Pebble Beach or Amelia Island. Saturday—clear sky, no wind, 70 degrees, near-perfect—was “invitation only” to respect the Grand Hotel guests' privacy, and one could see more journalists than participants. Both groups were welcomed by dazzling BMW 328 roadsters in white, green, red, black, and blue, all restored by BMW's Classic department. Fifty automobiles—all one-offs, Details Plan ahead: April 23–25, 2010 Where: Grand Hotel Villa d'Este, Cernobbio, Lago di Como, Italy Cost: Saturday, Invitation Only; Sunday, $15 More: www.concorsodeleganzavilladeste.com first of a series, or uniquely pedigreed in some way—awaited the judges on the grounds, led by Lorenzo Ramaciotti, currently head of design with Group Fiat. Briton David Moore showed a 1963 Ferrari 250 GTL Lusso whose first owner was Steve McQueen. Many consider the Lusso one of the Sports Car Market

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Villa d'Este SCMers Gary Bartlett—Muncie, IN 1955 Jaguar XKD-type Anton Bilton—London, UK 1969 AC 428 Jan De Reu—Lembeke, OostVlaanderen, BEL 1953 Fiat 8V, Class G Winner Mark Gessler—Potomac, MD 1950 Abarth 204 A Rene Herzog—Hauptwil, CHE 1953 Bentley R Continental Gerry Leumann—Luzem, CHE 1938 Bentley 4¼-Liter Kenneth Roath—Newport Beach, CA 1955 Ferrari 250 GT Europa Jon Shirley—Sonoma, CA 1938 Alfa Romeo 8C 2900B, Coppa d'Oro; BMW Group Trophy; BMW Group Italia Trophy Frans van Haren—Druten, NLD 1931 Bentley 8-Liter best looking roadgoing Ferraris, but the cars I have seen in red, white, black, sky blue, and light green left me uncomfortable with the transition between the rear quarter and the tail. But the Marrone Metallic McQueen picked smooths the form. Either McQueen was lucky or he had a keen sense of beauty. The perfect gold shade of American Peter McCoy's 1958 Ferrari California Spyder also showed that risk can be rewarding, while the lime green Bertone picked for his concept 1969 BMW Spicup (for Spider & Coupe) was a just-right period shade. Each automobile must receive a FIVA (Fédération Internationale des Véhicules Anciens) identity card prior to registration for the concours, certifying its originality and provenance, fitting in either the “Standard” or the “Period Modified” category. Each class is divided into three groups: Authentic (completely untouched original); Original (normal worn parts are allowed to be replaced, such as mechanicals but also paint, plating, or upholstery); or Restored (wholly or partially dismantled for restoration purposes). The Villa d'Este judging criteria are geared toward “elegance and general sophistication of the styling, harmony of color schemes, and conformity of the engine bay.” Emcee Simon Kidston introduced each car on display in Italian and English, switching to Voltaire's language when the owner was French or Belgian. Eight classes ranged from “Pre-war Open” and “Modena's Thoroughbreds” to “Italian Style Becomes International,” and each class included la crème de la crème of either coachbuilt or manufactured production automobiles, from Dutchman Dr. Norbert Seeger's imposing 1925 Rolls-Royce Phantom I Sports saloon by Hooper to American Herbert Wysart's lightweight 1952 Porsche 356 Glöckler. The show was over by 6:30 pm, and the overall win- ner was American Jon Shirley, whose 1938 Alfa Romeo 8C 2900B received three major trophies, including the peoples' choice Coppa d'Oro, quite similar to the Best of Show it had garnerd eight months prior at Pebble Beach. My personal favorite was U.S. FIVA official Mark Gessler's tiny 1950 Abarth 204A Berlinetta, the first car Abarth designed and built with the help of Vignale. It received the Girard-Perregaux trophy. Sunday's show was open to the public at nearby Villa d'Erba, and lucky entrants moved their beauties Saturday evening onto the dry lawn. The unlucky ones sloshed though two inches of mud Sunday morning after an overnight downpour had transformed the park into a swamp. BMW celebrated the 100 birthday of Bugatti by bringing four Veyrons and four Grand Prix cars to honor European racing drivers. A covered exhibit of streamlined cars provided a perfect retreat from the rain. Despite conditions, the crowd was substantial and the roaring of a few engines such as the tiny 1,996-cc V8 from Jan de Reu's 1953 Fiat warmed a few hearts. Villa d'Este is the European concours that emphasizes current trends, and many automobiles are presented in the “Original” category. To that end, Frenchman Daniel Marachin's 1951 Bugatti 101 by Guilloré, was completely dans son jus (abundant patina), and Belgian Albert Lemaire brought a 1939 Bugatti 57C Aravis that was bought new by his father. He also showed a photo album that covered 80 years of family history with the car. Such original cars display ties to the past that a nut-and-bolt restoration so expensively removes, especially when the history of the car is lost as well. ♦ BMW 328s 1939 Auburn, far from Indiana August 2009 Lambos and Lussos 35

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Ferrari Profile 1957 Ferrari 250 Testa Rossa These cars brought Maranello four World Constructors Championships and four victories at Le Mans. Few, if any, cars have a more impressive resume by Steve Ahlgrim Details Years produced: 1957–58 (250 Testa Rossa) Number produced: 21 (pontoon fenders) Original list price: $12,000 approx. SCM Valuation: $7m–$16m (all 12cylinder Testa Rossa models) Tune-up cost: $2,500 Distributor cap: $450 each (takes two) Chassis #: Left frame member by steering box Engine #: Right rear above motor mount Club: Ferrari Club of America PO Box 720597 Atlanta, GA 30358 More: www.ferrariclubofamerica.org Alternatives: 1960–63 Ferrari 250 SWB California Spyder, 1964–65 Shelby Cobra Daytona coupe, 1969–71 Porsche 917K Chassis number: 0714TR working on a car powered by the 3-liter V12 engine. Ferrari first used the name Testa Rossa or “red head” on the 4-cylinder 500 TR, because the car's cam covers were painted red. The new V12 car would retain the same name. The first prototype was fitted with an envelope I body. The second Testa Rossa prototype was bodied by Scaglietti with distinctive pontoon front fenders. The car was said to be one of Scaglietti's favorite designs. He explained, “Formula 1 was the inspiration for the shape. In many ways the Ferrari 250 Testa Rossa was a Formula 1 car with fenders.” In all, 34 250 Testa Rossas were built, including pro- totypes and the 330 TRI/LM. The car presented here, 0714TR, is the fourth Ferrari 250 Testa Rossa and the second customer car. It was sold new to Piero Drogo, who was then living in Modena. The Drogo family immigrated to Venezuela, where Piero raced extensively. He later returned to Italy, where in the early 1960s he started Carrozzeria Sports Cars. They produced bodies for the stunning P3 and P4 Ferraris and also the squarebacked car, which became known affectionately as the “Breadvan.” Drogo shipped 0714TR back to Europe and competed in some minor events. It was then sold via Luigi Chinetti to Texan Alan Connell in 1958. He raced extensively in SCCA National events before selling the car back to Chinetti, who resold it to Charlie Hayes. Hayes also raced the car before he sold it to Carl Haas, who sold it to Wayne Burnett. 36 n 1957, the Commission Sportive Internationale contemplated new rules to make sports car racing safer after the 1955 disaster at Le Mans. Anticipating a reduction in capacity for sports cars, Ferrari began Burnett competed in nine events during 1961–62. In 1962, the original engine was removed and the drysump unit from 0770 TR was installed. Disc brakes were added, as well as a clear TR59-type carburetor cover. Burnett raced the car six more times in 1963. It was then was acquired by Robert Dusek of Solebury, Pennsylvania, in 1970, and he restored it to its original specification, reuniting it with engine 0714. Mr. Dusek sold 0714 to Yoshijuko Hayashi of Japan, where it went on to the Matsuda Collection. RM Auctions had the pleasure of test driving 0714 and confirms the car performs beautifully. The steering is light and the throttle response immediate. The 12-cylinder engine easily revs to the 8,000 redline. The symphony of the powerplant will make any enthusiast's hair stand on end. The 4-speed gearbox is precise and confidence-inspiring. Easier to drive than a Ferrari 250 GTO, 0714TR is a truly fantastic racing car. The performance is breathtaking, and the view over the bonnet is one of the best in the world. 0714TR is one of only 21 cars to feature the desirable pontoon fenders, making it rarer than the 36 examples of the 250 GTO, and the car would be welcome at all historic events. These cars rarely come to market and are one of the most coveted models in the marque's history. With breathtaking looks and fantastic performance and handling, this is a true connoisseur's Ferrari. SCM Analysis This car sold for $12,402,500, including buyer's premium, at RM's Leggenda e Passione auction in Maranello, Italy, on May 17, 2009. It is our pleasure to introduce the new world record holder for a car sold at auction. No doubt some private sales have exceeded this amount, but in a public forum, 1957 Ferrari 500 TRC Lot 472, s/n 0670MDTR Condition 2 Sold at $2,285,000 RM, Monterey, CA, 8/18/2006 SCM# 42568 Sports Car Market 1957 Ferrari 250 Testa Rossa Lot 115, s/n 716 Condition 2- Sold at $3,500,000 Christie's, Pebble Beach, CA, 8/19/2000 SCM# 10192 SCM Investment Grade: A Comps 1958 Ferrari 412 S Lot 465, s/n 0744 Condition 2 Sold at $5,600,000 RM, Monterey CA, 8/18/2006 SCM# 42835 Photos: Darin Schnabel

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this is the undisputed winner. The previous champ, a $10.9 million Ferrari 250 SWB California Spyder, was crowned at the same Maranello venue just one year ago. While the Cal Spyder sale was a bit of a fluke, selling at well over the market, this sale was the real deal. All Testa Rossas are even-numbered competition cars Someone needs to write a Ferrari Sports Racers for Dummies book. There are at least eight Ferrari sports racers with TR or Testa Rossa in their names. A TR 58 is not a 250 Testa Rossa; however, a 1958 250 Testa Rossa could be a TR 58. Contradictions like this muddy the history of Ferrari sports racers and make learning the models a challenging task. Ferrari identified cars built for competition by giving them even chassis numbers. Even-number Ferraris are generally the most valuable Ferrari models. All Testa Rossas are even-number cars, but their value can vary greatly. The 500 TR, an early 4-cylinder model, starts the line at around $1.5m. The upper end is populated by the 12-cylinder cars, which start at around $7m and top out in the teens. The incredible market value of the Testa Rossa line can be credited to an equally incredible competition record. Testa Rossas first competed in 1956, and the model was still defending Ferrari's honor well into the 1960s. They competed everywhere, from the top races in the world to regional events in banana republics. The top professionals drove them, as did well-heeled amateurs. They brought Maranello four World Constructors Championships and four victories at Le Mans. Few, if any, cars have a more impressive resume. The pontoon-fender Testa Rossa's claim to fame comes from its looks as much as its racing results. The famous front fenders were a brilliant idea and cooled brakes as intended, but the design proved to be aerodynamically unstable at high speeds. Ferrari quickly discovered the defect and immediately abandoned the design for the factory team, but they continued to produce the pontoon-fender model for customer cars. The iconic design may not have made the best race car, but customers loved them and the pontoon model is probably the most valuable of all the Testa Rossas. Remarkably authentic and mostly unmolested Underneath the primping, 0714TR is remarkably authentic for a former race car. Despite a rich life as a racer, it has remained mostly unmolested. Credit goes to Bob Dusek for returning 0714TR to its former glory. He bought it as a tired race car at the end of its career. Fortunately, the correct engine was still with the car, as were all the major pieces. He reinstalled the correct engine and carefully restored 0714TR for a new mission. Over the next 14 years, he campaigned the car in nearly 50 vintage and club events. The $12.4m sale of 0714TR hit right in the middle of our SCM Price Guide and at the upper end of the $10m–$12m range in Cavallino magazine's guide. The car had been on the market for a while: Symbolic Motorcars had offered it publicly at $11m back in 2005. It was then quietly offered a little longer before RM picked up the consignment for the Maranello sale. RM flogged the car within an inch of its tires, drawing more press than an alien abduction. There couldn't have been another penny left in the car when the bidding stopped. The purchaser, a long-time SCMer, was a phone bidder whose well-known representative placed bids from the floor. The transaction was captured electronically and is showing on YouTube, where it doubles as a sleep aid. The TR will not be the most valuable car in the billionaire's collection, nor will it be a garage queen. He uses his cars, and we'll probably see 0714 at the Monterey Historics, where it will be driven as intended—competing for a win. ♦ (Introductory description courtesy of RM Auctions.) Seat Time Nick Candee, Waltham, MA: In 1962, a truck dropped off a 1958 Ferrari 250 Testa Rossa, chassis 0732, at my house. Dad paid $5,000 for it. We called it the Blue Bomb—a four-year-old race car with an unsuccessful record, exquisitely refinished as a road car in metallic midnight blue with four exhaust pipes chrome-plated to American standards, Borrani wheels, TR3 taillights, a gated shifter with lockout for reverse, and the intangible 12-cylinder Ferrari howl that makes you quiver. It was the greatest car in the world, and for a year my Dad, brother Ken, and I were its stewards. I waxed it a dozen times, and felt in the most tactile way the genius of Scaglietti's lines. From the Testa Rossa I learned that the only way to appreciate the contours of a car is to wash and wax it, like reading Braille with sensitive fingertips. The idea was that Dad bought the TR so that Tom Schelble of Milwaukee could race it. We never raced it, but we did have a few especially brilliant drives in the TR, including a “warm-up” drive on a sunny Christmas Eve day, when we donned WWII surplus flight suits for a run up the recently repaved and widened Highway 45 in south Fond du Lac County, our local Mulsanne Straight. A wind chill of 15 degrees at 130 mph is exceptional but no match for the adrenaline. I'd learned to drive on a gray and red Ford 8N tractor, shifting gears without synchro, so I was able to drive the TR. The startup was theater—turn the key, wait for the fuel pump to stop clicking, and then start a couple of times as the six DC Webers hissed, spit, and coughed their way into a loping idle. Dad finally sold the TR for what he paid and bought a Mondial with a Ford V8 shoehorned into the front. Harry Woodnorth of Chicago came to get it one night for a collector in Omaha. Then it was with Bob Bodin in Minnesota for many years. I saw him last August at Laguna Seca; he was missing the TR too. It is last listed as being in Switzerland, and was the subject of a monograph by Doug Nye in 1995. 0732 is also detailed in Joel Finn's TR book, Ferrari Testa Rossa V-12. It was just an old car for $5,000 a generation and a half ago… but so magic even then! Over time I came to admire Astons as the marque that finally beat Ferrari in 1959 on the big road courses for the world championship. But I loved the Testa Rossa. August 2009 37

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Sheehan Speaks Michael Sheehan The New Reality The Ferrari market has returned to a refreshing level of liquidity, with cars selling again—although they're 30% below last year's prices and net himself $700,000—about $200,000 over the retail price for his Lusso in today's market. The very next email was from a client who had been web surfing and found an Indonesian site offering photos of a 275 GTB/4 (but with a 330 GTC serial number) for $400,000. He simply didn't “get it,” or didn't want to “get it,” that there were no bargain 275 GTB/4s for sale in Indonesia, and wanted to find a restored 275 GTB/4 for $400k—at least $500k under today's market. Simply put, too many would-be sellers are lost in the ozone of last T he inspiration for this column occurred in March, when I returned from lunch to find an email from a Lusso owner who wanted us to sell his car relatively comparable pair of Euro-model Daytonas. On the subject of Daytona spyders, 365 GTS/4, s/n 14415, a beautiful but older restoration in black with tan, sold for $1,489,469 at the 2008 sale. Fast forward to 2009 and s/n 14543, an ultra-detailed, time-warp, low-mileage Daytona spyder finished in white with black, was bid to $1,031,250 but not sold. I'd opine that the bid of $1,031,250 was indeed all the money in today's market, and it represents a drop of 31% in a year. 1971 Daytona Spyder year's prices, using the 2008 peak-of-the-market numbers to gauge the value of their cars. Conversely, an equally large number of would-be buyers dwell in a fairyland of Ferraris at 60% or more off. Neither is in touch with today's reality. So let's spell out current selling prices and percentage drops for an accurate picture of the market. Real estate leads the way Just as the real estate crash led the U.S., England, Spain, and Ireland into this recession, so a real estate recovery will ignite the long climb back to prosperity. As real estate begins to hit bottom, let's quantify the recession's effect on the Ferrari market. The Ferrari historians group I belong to agrees that RM's May 2008 auction at the factory in Maranello and the Monterey auctions of August 2008 were the high points of the 2003–08 Ferrari boom. So where are we now? The numbers don't lie One only needs to compare a few same-model, same-condition sales from the RM auctions at Maranello in 2008 with the RM auction at Maranello in 2009 for statistical answers. For example, 250 Lusso s/n 5143 was the subject of a five-year restoration and so brought “all the money” at the 2008 auction at $1,174,553. What a difference a year makes: 250 Lusso s/n 4405, also freshly restored (admittedly to a lesser standard), sold at the 2009 auction for $605,000, a drop of 49% in just one year. Further up the food chain, 250 LWB California Spyder s/n 0923 sold for $3,659,838 at the 2008 auction, while 250 LWB California Spyder s/n 1487 sold for $2,911,563 at the 2009 auction, a drop of 21%. Shifting to newer cars, Euro model F40 s/n 89307 sold for $674,091 at the 2008 auction while Euro model F40 s/n 88835 sold for $393,250 at the 2009 sale. That's a drop of 39% for similar cars. Ferraris of the 1970s, the Baby Boomer poster cars Switching to the “poster child” cars of the 1970s, the cars that Baby Boomers relate to, we can compare the sales of a 246 GTS, a Daytona coupe, and a Daytona spyder for what is probably the best confirmation of the new market reality. A 246 GTS, s/n 6294, a red with black Euro model car, sold for $204,270 at the 2008 sale compared with 246 GTS, s/n 5104 GTS, also finished in red with black, which sold for $143,688 at the 2009 auction. That's down 30% for a comparable pair of nice, driverlevel Dino spyders. Moving to the poster child for the first supercar, a Daytona 365 GTB/4, s/n 14345, finished in red with tan and black, sold for $425,563 at the 2008 sale. At the 2009 sale, 365 GTB/4 s/n 13653, finished in silver with red and black interior, sold for $287,375, a drop of 33% for a 38 Bottom line, it's a 30% off sale In a contango of rising Ferrari prices, the trend is your friend, until it ends. As the credit markets froze in late 2008, so did liquidity in the Ferrari market. Fed Chairman Ben Bernanke's “Quantitative Easing” (printing money) and massive bailouts have regreased the world's financial markets, real estate is hitting bottom, and the world's stock markets are rebounding. Likewise, the Ferrari market has returned to a refreshing level of liquidity, with cars again selling, although more or less 30% off last year's prices. This too shall pass It takes a lot of buying to move a market upward, but a mere lack of buyers creates a bear market. In the last year, the Ferrari market was negatively affected by a number of owners who had to sell their cars. Too many motivated sellers, too many cars, and too few buyers created today's lower prices. The “pig-in-the-python” problem of cars being squeezed slowly along to too-few buyers is behind us. Those owners who had to sell have sold. We are now back to price stability, but at 30% below previous prices and with no prospects of a speedy uptick. Ferraris as a lagging indicator Ferraris are a lagging indicator, as was clearly shown in 1989, when Ferrari prices remained strong long after U.S. real estate and the stock market had fallen off a cliff. Again last year, Ferrari prices continued to climb while Bear Stearns imploded, IndyMac was seized, Fannie Mae and Freddie Mac were nationalized, and Lehman Brothers sank into oblivion. In only a year, the planet has experienced deleveraging on a breathtak- ing scale. The good news is that relative to banks and real estate, the drop in Ferrari prices has been modest—especially compared to the severe drops in the 1990–95 collector car price crash. Ferraris remain liquid; buy-sell agreements can be made in a day, pre-purchase inspections effected in a few days. Ferraris have wheels, fit into trucks and cargo jets, and can be anywhere on earth within a week or two after purchase. Buyer demand—the arbitrage of weak dollars to strong euros and sterling, or vice-versa—will always provide buying opportunities. Once real estate rebounds, the stock markets revive, and employment picks up, Ferrari prices will again rise. There's the best and the rest The one thing we know about trends is that they are eventually going to end and collector car prices will rebound. But on the other hand, buyers do not wake up one morning and decide they will buy the highest-priced, least-documented car on the market. I'm still amazed how many sellers fail to grasp this simple concept. Regardless of where the market may be, it takes the best car, with the best documentation, best service history, best marketing, and best price to sell. ♦ Sports Car Market Henry Kister

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English Profile 1970 Aston Martin DB6 Mk II Two things kept the price down: British buyers are notoriously suspicious of automatics in “sporty” cars; and it was presented on a cheap set of tires by Paul Hardiman Details Years produced: 1965–70 Number produced: 240 Original list price: $36,960 (1966) SCM Valuation: $175,000–$240,000 Tune-up cost: $300 Distributor cap: $24.57 Chassis #: Underhood on top of firewall Engine #: Nearside of cylinder block next to generator Club: Aston Martin Owners' Club Drayton St. Leonard, Wallingford, Oxfordshire OX10 7BG UK More: www.amoc.org Alternatives 1963–70 Maserati Mistral, 1960–63 Ferrari 250 GTE, 1962–64 Ferrari 250 GTL Lusso SCM Investment Grade: B Comps Chassis number: DB6MK24273R undertook an extensive restyle, incorporating a more raked windscreen, raised roofline, and reshaped rear quarter windows. Although still recognizably related to the original T Touring-styled DB4 of 1958, the DB6 abandoned the Superleggera body structure of its predecessors in favor of a conventional steel fabrication. The major change was at the rear, where a Kamm-style tail with spoiler improved the aerodynamics, greatly enhancing stability at high speeds. The 4-liter engine of the DB5 was retained, and an automatic transmission and optional power-assisted steering were offered for the first time. The Mk II was announced in August 1969, with flared wheelarches accommodating wider tires, a more substantial Borg & Beck clutch, a changed first-gear ratio, and power-assisted steering, which was now standard on all cars. Some 240 DB6 Mk IIs were built. This car was acquired in 2004 by the present owner, a long-time motor engineer and garage proprietor. It had previously been on museum display for 18 years. The car was found to be in generally sound condition, though not to the new owner's demanding standards, and he embarked upon a major restoration. This included an engine rebuild with new shells, piston rings, valves, cam buckets, and full engine and seal kit; the cylinder head was converted to unleaded gasoline. The automatic gearbox was removed, cleaned, 40 he culmination of Aston Martin's long-running line of “DB” 6-cylinder sports saloons, the DB6 was introduced in 1965. Aston Martin lengthened the wheelbase by four inches over the DB5 and checked, and found to be in good order. Brakes were overhauled, the radiator re-cored, and a Kenlowe fan was fitted. The starter motor, alternator, and petrol pump units were all rebuilt, and attention to coachwork and fittings included a bare-metal respray in Birch Gray, new inner sills, and stainless steel sill finishers. All brightwork was removed and rechromed, and the seats received a complete retrim in black leather, with the headliner and carpets replaced as well. Other work included replacing rubber body seals, fitting a new windscreen, headlights, side and indicator lamps, and taillight clusters, and many other new parts and fittings. Since restoration, this car has successfully covered 2,000 miles or so, and the current odometer reading is believed correct at 84,300. SCM Analysis This car sold for $135,145, including buyer's premium, at Bonhams's an- nual sale of Aston Martins at Works Service in Newport Pagnell, England, on May 9, 2009. This was an attractive car, and much time, exper- tise, and care had obviously been spent on a very nice, thorough restoration. The implication from the catalog is that the owner did much of the work himself and was well qualified to do so—and by that token he may not have had big bills to win back at sale. It didn't come with the registration number shown on the car in the catalog—probably worth $5,000 in itself—but had an entirely appropriate age-related plate, and a nice MotoLita steering wheel. 1967 Aston Martin DB6 Lot 567, s/n DB63007R Condition 3+ Sold at $94,866 Bonhams, Sussex, UK, 7/11/2008 SCM# 117241 Sports Car Market 1970 Aston Martin DB6 Mk II Vantage Lot 607, s/n DB6MK24247R Condition 2Sold at $111,296 Bonhams, London, UK, 12/1/2008 SCM# 118797 1967 Aston Martin DB6 Mk I Lot 368, s/n DB63131R Condition 3 Sold at $103,395 Bonhams, Chichester, UK, 9/19/2008 SCM# 117839

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The owner's not the hot-shoe he'd like you to think Two things, apart from the labor assumption, kept the price down here. British buyers are notoriously suspicious of automatics in “sporty” cars—especially oldstyle 3-speed Borg-Warner clunkers. It's a different story in the age of the paddle shift, which tends to mask the fact that the box is in control, but progress with these old slushers can feel a bit leisurely, even with almost 300 hp on tap. In a retirement-age coupe, bought not for how fast it can zip around the Nürburgring with its a/c and stereo turned to max, but for its style and beauty to be enjoyed on high days and holidays, it shouldn't matter. But it still does. It's as though the owner's not quite the hot-shoe he'd like you to think he is and is instead a lame-wrist who couldn't quite be trusted around the 'box even if he knew how to exploit the ratios. We Brits are a bit anal retentive when viewing a 40-year-old car, overlooking the fact that automatic drivetrains have probably led an easier life than manuals. The other detail was that, although it looked like a very nice restoration, it was presented on a cheap set of tires. Okay, they were new, and probably better than whatever it originally rode on, but once you've spent all the money and been right through the car, why not put it on a nice set of original rubber, or even premium Pirellis? It helps the overall appearance and keeps the gearing right, and it's not as if period-looking rubber is unavailable. This was literally a case of spoiling the ship for a ha'penny-worth of tar. Never the appeal of DB4s and DB5s DB6s have never had the purist appeal of the 4s and 5s, even though there's only a claimed 19 pounds difference between a late DB5 and a DB6. Their slightly longer bulk, heavier roofline and C-pillars, plus that Kamm tail (which ought to be seen as an improvement on a 5), identify them as a bit stodgy. On the Mk II, the flared arches (as if you'd notice) take them one step further away from the purity of the original design. What nonsense, I maintain, and full marks to the astute buyer who gets (almost) all of the style at less than half the price. Purism be damned when there's this much to be saved. Aptly, it sold just across the road from where it was made, and it brought all the money the seller was looking for—more evidence he didn't have big bills tied up in this car. So it looked like everyone got a reasonable deal here (though in the same week David Smith, Toronto, Ontario, CAN: I purchased my 1970 Aston Martin DB6 Mk II Vantage in 2005 from Post Vintage in the U.K. and had them convert it to left-hand drive and install air conditioning. A total of 245 Mk IIs were manufactured, 71 of which were Vantage spec, and of those only six originally came as left-handdrive cars. However, once smitten by the DB6 body shape, the Mk II flared fenders, and the revised interior, I had to have one! We occasionally rally with the DB6, and it has proven to be a great grand touring/road rally car. We have done the New England 1000 and attended the AMOC Lime Rock event and hope to do more. there was a similar car, with power steering, advertised in the trade at a little less). If it hadn't been an auto, it might have done even better, but as it is, it was well sold. ♦ (Introductory description courtesy of Bonhams.) Seat Time August 2009 41

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Etceterini & Friends Profile 1930 Citroën Kégresse “Forestiere” Autochenille The ultimate trip was the great Sahara crossing, which established the Autochenille's reputation internationally. by Donald Osborne Details Years produced: 1921–37 Number produced: 5,795 (all series and types) Original list price: $6,995 (1923) SCM Valuation: $40,00–$60,000 Chassis #: Plate affixed to right side of firewall Engine#: Plate affixed to right side of firewall Club: Military Vehicle Preservation Assn. PO Box 520378 Independence, MO 64052 More: www.mvpa.org Alternatives: 1940 White M2 half-track, 1937 Bombardier B7 snowmobile, 1944 Studebaker Weasel SCM Investment Grade: D Comps 1940 White M2 half-track Lot 51, s/n YSAW401234 Condition 4Sold at $20,340 Chassis number: 7218 at the behest of his erstwhile employer, Czar Nicholas II, who had wanted a means of adapting his cars to drive across deep snow. Rather than use the heavy steel hinged plates of a A conventional crawler tractor, Kégresse devised a lightweight system that employed rubber bands running around bogies driven from the rear axle. Patents were filed in Russia and France, and by the time the Great War broke out, the “Système Kégresse” had been perfected. Returning to France after the Revolution, Kégresse was introduced to André Citroën, who immediately recognized the potential of his invention and purchased the sole rights, setting up Société Citroën-Kégresse-Hinstin to develop and manufacture it. One of the Kégresse system's major advantages was the fact that it did not require a vehicle of great power, and initial tests were conducted using an adapted B2 model of 10CV. These autochenilles (auto caterpillars) were an immediate success, finding employment throughout Europe in farming, forestry, and a variety of military applications. 42 curious mixture of romantic visionary and practical businessman, André Citroën knew a promising invention when he saw one. Frenchborn Adolphe Kégresse had developed an idea This swift acceptance was due in no small part to the various publicity stunts dreamt up to demonstrate their remarkable off-road capabilities, one of which involved a Citroën Kégresse towing a 3.5-ton maison roulante (mobile home) up a 348-foot-high sand dune. Of greater significance though was the crossing of the Sahara Desert during the winter of 1922–23 by an expedition of five Citroën Kégresse B2s, thus establishing the viability of an overland route for motor transport from Algeria to French Equatorial Africa. The five little cars completed the 3,000-mile journey from Touggourt to Timbuktu in an astonishing 21 days, a mere fraction of the time taken by a camel train. This Citroën Kégresse “Forestiere” Autochenille was acquired by the Adrien Meagh Collection around 50 years ago. The vehicle was restored by Lecoq in the early 1980s and has been on display in the Museum since its opening in 1984. Offered complete with front skis, it is in running condition, having been restarted for the sale. SCM Analysis This vehicle sold for $46,575, including buyer's premium, at Bonhams's Les Grandes Marques à Monaco sale on May 18, 2009. While Citroën established a reputation for in- 1945 NSU Kettenkrad Lot 318, s/n n/a Condition 3 Sold at $123,525 Bonhams, Chichester, UK, 9/19/2008 SCM# 117783 B&G, Melbourne, AUS, 4/23/2006 SCM# 41552 1940s FMC Alligator Amphibian Lot 64, s/n n/a Condition 5 Sold at $16,950 Bonhams, Melbourne, AUS, 4/23/2006 SCM# 41609 Sports Car Market Photos: Bonhams

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novation with the launch of the hydraulic-assisted spaceship DS in 1955, the company led the world with another groundbreaking technology more than 30 years earlier with the Kégresse halftrack. In fact, this revolutionary drive design, used on passenger car chassis, light commercials, (very slow) armored cars, and even a tractor, was arguably more important, as it was adopted under license by manufacturers around the world, while we're still waiting for the global hydraulic revolution to start. The genius of Adolphe Kégresse even extended to the development of the dual-clutch transmission in 1939, 40 or so years before Porsche. This half-track system was the international standard The Citroën-Kégresse half-track system was the international stan- dard, with Alfa Romeo using a license to build a vehicle on the Tipo RM chassis, one of which Bonhams offered for sale in their Gstaad sale of December 2007 (and for which $261k was amazingly refused—SCM# 48111). The U.S. Army purchased several and later licensed the design for the WWII M2 and M3 half-tracks. Of course, the income from the patent licenses didn't keep Citroën from bankruptcy in 1934, and Michelin, the new owner, wasn't particularly interested in off-road vehicles, so development languished—probably to the detriment of the French Army a few years later. The benefits of the Kégresse system in saving a vast amount of weight over conventional metal-tracked designs cannot be overstated. The ability of a 20-hp vehicle, carrying passengers and/or cargo, to traverse deep sand, snow, or steep embankments with ease was miraculous. As mentioned in the catalog, Citroën and its agents loved to stage dramatic demonstrations of the prowess of the vehicles, such as this account posted on the Dutch citroen.pagina.nl web site, from the October 1, 1923, issue of the Australian Motorist. “Mr. Curtis, of Preston Motors, is said to be kegressing very satis- factorily… we followed behind to watch the machine's behavior on an ordinary road; it glided along comfortably at about 20 mph. Suddenly Mr. Curtis changed his route by climbing up an embankment about 4ft. high and almost vertical... After clambering up the bank by digging our boots into it, we saw the Citroen doing 20 mph over undulating ground… en route it climbed over a pine log, the butt being about two feet thick, then it climbed down the bank like a possum and proceeded along the road again.” Equally at home in wet stuff The ultimate trip was, of course, the great Sahara crossing, which established the Autochenille's reputation internationally. An example can be seen making a brief appearance in the film “Raiders of the Lost Ark,” parked in its natural desert habitat. Although best known as sand transport, it was also equally at home in the wet stuff, and could be fitted with skis, as is the case on this example. The restoration was done by Lecoq; for one used to seeing gleaming Delahayes, Hispano-Suizas, and Bugattis from this leading French shop, it's arresting to see this flat olive drab. But it's a tribute to Lecoq's zeal for accuracy, as it appears to have been done to a correct military standard—at what cost can only be imagined. With the passage of almost 30 years since the restoration work, a few years of use, and a long static display since 1984, it now has the look of a genuine army surplus item. While it was reported that the Citroën was “restarted” for the sale, clearly a mechanical rebuild will be necessary prior to attempting a crossing of the Sahara or a trip down the side of a mountain for a cup of après-ski chocolat chaud. As the ultimate accessory for a ski-in chalet or North African vacation villa, this Kégresse would be hard to beat. Or, as a part of a serious collection of military vehicles or technological marvels, it would be equally well placed, given the historic importance of the drive layout. In either case, the price paid for this example has to be counted a bargain. ♦ (Introductory description courtesy of Bonhams.) August 2009 43

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German Profile 1980 BMW M1 Coupe This was an extraordinary result, greater than the next highest street M1 sale on record by nearly 50% by Rob Sass Details Years produced: 1979–81 Number produced: 456 (including 56 race cars) Original list price: $60,000 SCM Valuation: $75,000–$125,000 Tune-up cost: $1,800–$2,000 Distributor caps: $550–$600 Chassis #: Engine compartment (factory); door jamb and bottom of windshield (U.S. import) Engine #: On top of block Club: BMWCCA 345 Harvard St. Cambridge, MA 02138 More: www.bmwcca.org Alternatives: 1976–84 Ferrari 512 Boxer, 1974–88 Lamborghini Countach, 1971–80 Maserati Bora SCM Investment Grade: B Comps Chassis number: WBS59910004301371 providing the basis. Ex-racing driver Jochen Neerpasch was responsible for initiating this ambitious project, whose aims included taking on rival Porsche in the World Sports Car Championship and, ultimately, victory at Le Mans. M1 development was contracted first to Lamborghini A and then to Giorgetto Giugiaro's Italdesign, although almost all cars ended up being built by BMW in Germany. Giugiaro's compact coupe bodywork in fiberglass was wrapped around a multi-tubular spaceframe chassis, while a twin-overhead-cam, 4-valve version of BMW's 3.5-liter six, driving via a 5-speed ZF transaxle, provided the motive power. The M1's wedge-shaped coachwork proved highly efficient aerodynamically, needing very little in the way of additional spoilers and wings in race configuration. Lamborghini's Gianpaolo Dallara was responsible for developing the suspension, which followed racing practice by using unequal-length wishbones at front and rear. Soberly trimmed in black and gray, the M1's interior was exceptionally well equipped for a sports car, featuring Recaro seats, air conditioning, electric windows, power door mirrors, and heated rear screen. First shown at the Paris Motor Show in 1978, the road- going version came with 277 hp and a top speed of 160 mph. Only ever intended as a limited-edition model, the M1 ceased production after just 456 examples had been built, a minimum of 400 being required for homologation. In the event, the abandonment of the Group 5 Silhouette Formula robbed the car of its raison d'être, though the 44 proposed Group 5 “Silhouette Formula” for production-based cars triggered the M1 program in the mid-1970s, a mid-engined concept car designed in-house at BMW by Paul Bracq M1-only Procar Series run at Grand Prix races in 1980 and '81 provided BMW Motorsport with a valuable showcase by way of consolation. This example was sold new in England to its first owner, who kept it for 20 years, and was registered by the current (second) owner in Monaco on April 26, 2000. Serviced in Cannes (no invoice), the car boasts a beautiful black leather interior and will be delivered with its Monaco papers and owner's handbook. An important landmark in BMW's history, and in particular of its involvement with motorsport in the post-war era, the M1 is already highly collectible and is surely destined to become increasingly sought after by discerning aficionados of the marque. SCM Analysis This car sold for $186,300 at Bonhams's Les Grandes Marques à Monaco sale on May 18, 2009. The M1 has long been viewed by collectors as neither fish nor fowl—neither an Italian exotic nor a traditional BMW. To make matters worse, Italdesign and Gianpaolo Dallara heritage notwithstanding, many collectors considered the car insufferably bland—not unlike a 1980s Honda NSX. It didn't help that the car built to slay Porsche 911s on track wasn't the least bit competitive and instead wound up in the meaningless single-marque Procar series of 1979–80. At least the drivers were first-rate, with Niki Lauda and Nelson Piquet the winners in 1979 and 1980, respectively. Consequently, post-1991, M1 prices languished for a very long time in the $65,000 to $95,000 range. Slowly, the M1, along with other long unloved mid-engine cars like the Maserati Bora and Ferrari 308 GT4, are start- 1979 BMW M1 Lot 290221829128, s/n 4301231 Condition 2+ Sold at $140,100 eBay Motors, 6/25/2008 SCM# 117032 1981 BMW M1 Lot 184, s/n WBS59910004301403 Condition 2Sold at $137,500 RM, Phoenix AZ, 1/18/2008 SCM# 48699 1981 BMW M1 Lot 555, s/n WBS59910004301429 Condition 3Sold at $91,000 B&B, Carmel, CA, 8/18/2006 SCM# 42744 Sports Car Market Bonhams

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ing to have their day in the sun, but none to the extent of the M1, which is perceived to be more tractable and more reliable than any Italian exotic. In the last several years, good examples of street M1s have begun to break six figures. Indicates a change in market priorities Even with that in mind, this was an extraordinary result, greater than the next highest street M1 sale on record by nearly 50%. The two-owner history and great colors surely account for much of this, but also perhaps the change in priorities of the market; the M1 is a car that can be used without the fear that goes along with operating a vintage Ferrari or Maserati. With the exception of the Kugelfischer injection, there is little exotic about the BMW. Because of its relatively recent manufacture, the M1 is eligible for few top-tier events in street form. Nevertheless, that hasn't deterred buyers at auction recently. What should, however, give them pause is the fact that no M1 was ever legally sold in the U.S. and the years 1979–81 are still heavily scrutinized by the smog police in many states. Without proper EPA and DOT clearances and without emissions equipment in place, an unwary owner of an M1 can find himself in quite a pickle. As SCM often reminds its readers, a single sale does not a market make. For now, this sale appears unrepeatable, and the M1 looks fully priced in the $125,000 to $135,000 range. We'd have to call it better sold than bought, but only by a small margin given this car's condition and two-owner history. ♦ (Introductory description courtesy of Bonhams.) Seat Time Archie Urciuoli, Casey Key, FL: Although my favorite period for road cars is the 1950s and '60s, I made an exception for my BMW M1 because of its strength as an all-around performer, its breakthrough styling, its limited production of just 400 road cars, and its unique place in BMW history. Imagine you are back in time 30 years, when a mid-engined BMW “supercar” is introduced, combining Ferrari performance, Porsche fit, finish, and reliability, and drop-dead good looks penned by Italdesign's Giorgetto Giugiaro. Its twin-cam, 24-valve, fuel-injected, dry-sump, 3.5-liter straight-6 engine, developing about 280 hp in standard form, pushes the 3,000 pound car to 60 mph in just under six seconds, and to a top speed of 165 mph. (The power of the 40-some-odd race versions, of the type driven by Marc Surer in the European Procar series, produced more than double that power.) Reviews of the day, while citing the M1's performance, handling, and styling, also noted that here was a reliable supercar, which didn't routinely foul its plugs or catch fire, and could be driven across country without a ride-along mechanic! Today, some three decades after its debut, the M1 is still a joy to drive, and a very comfortable two-place grand tourer (as long as you are not too tall). Its turbinelike acceleration, snarly exhaust note, confidence-inspiring handling, and dramatic yet understated lines helped to define the early supercar genre and still bring a smile to my face. No wonder five-time Le Mans winner Derek Bell recently called the M1 “the McLaren F1 of its day.” August 2009 45

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American Profile 1965 Chevrolet Chevelle Z16 Prototype It's quite possible the Z16 was the first Chevrolet product to be powered by the legendary big-block, beating its counterparts by a few weeks by Thomas Glatch Details Years produced: 1965 Number produced: 201 (including two prototypes and a one-off convertible) Original list price: $4,500 SCM Valuation: $200,000–$325,000 Tune-up cost: $150 Distributor cap: $10.99 Chassis #: Driver's side A-pillar Engine #: Pad forward of cylinder head on right side Club: The Z16 Registry More: www.z16chevelle.com Alternatives: 1969 Chevrolet Yenko Chevelle, 1970 Chevrolet Chevelle LS6, 1970 Plymouth Hemi ‘Cuda SCM Investment Grade: A Comps Chassis number: 138375B118040 able—the 375-horsepower Z16. With only 200 coupes and one convertible slated for the market, a small number of prototypes were built to ensure the final product would stand up to the engine's massive power. This Regal Red 1965 Z16 is very special indeed, as it is the very first prototype built by Chevrolet Engineering to test the concept, and therefore the first SS 396 ever in that marque's illustrious history. Assigned to Chevrolet Engineering for the official T purpose of “experimental check,” the car began life on the GM assembly line as a loaded SS 327, ordered at the behest of Z16 project manager D.H. McPherson. After delivery to GM Engineering, project personnel began converting the car to Z16 specifications, fabricating and fitting special components as testing progressed, with successful parts then going into regular production. Once it was completed and final testing finished, the car was driven for several months by McPherson; it is also thought that it spent time at both the Milford and Arizona GM Proving Grounds, and was a member of the contingent of Z16 Chevelles at the model's official introduction in the spring of 1965. It's most unusual for a 1960s big-block muscle car to have remained for over 20 years in a state of almost 46 he early success of other GM division big-block cars pushed Chevrolet to pump up the power in its 1965 Chevelle in a big way, stuffing the smallish mid-sized mainstay with the hairiest 396 avail- complete originality, yet that was its condition when Z16 expert Doug Garrett began its restoration in 1989. The finished product reflects Garrett's famous attention to the finest details, and the car remains in that same absolutely correct as-original condition to this day. Close inspection of this Z16 “genesis machine” reveals several fascinating parts and pieces bearing unique details, including special vendor tags and markings reading “Sample” and “Experimental.” All these features have been faithfully preserved by a series of high-profile collectors, and this incredibly important machine is as complete as it was on the day the Z16 concept was pronounced ready for production. SCM Analysis This car sold for $355,100, including buyer's premium, at Mecum's Original Spring Classic Auction in Indianapolis, Indiana, on May 16, 2009. While John DeLorean and Jim Wangers may have defined the great American muscle car in the Pontiac GTO, Chevrolet did a fine job of creating its own legend. Legions of Chevelles, Impalas, Novas, and even El Caminos were branded with SS 396, SS 427, and SS 454. Corvettes powered by the same big-block engines earned their own legendary status, but the 1965 Chevelle Z16 is one of the few Chevys to truly reach “Holy Grail” status with collectors. 1965 Chevrolet Malibu SS Z16 Lot S112, s/n 138375K168758 Condition 1Sold at $238,875 Mecum, Kissimmee, FL, 1/24/2008 SCM# 48836 1965 Chevrolet Malibu SS Z16 Lot S711, s/n 138375K176243 Condition 2Sold at $154,000 Russo and Steele, Scottsdale, AZ, 1/15/2009 SCM# 119318 1965 Chevrolet Malibu SS Z16 Lot 660, s/n 138375K167389 Condition 2 Sold at $194,700 Barrett-Jackson, Palm Beach, FL, 3/27/2008 SCM# 116125 Sports Car Market Mecum

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That Chevy never advertised the Z16 added to its mystique One reason for the Z16 mystique is its rarity—just 201 were built, and only 72 are known to survive. But Chevrolet did more than just drop its all-new 396-ci, 375-hp “Mk IV” powerplant into the Chevelle; it did the engineering and made the upgrades to create an outstanding performance package. The Z16 option included the stronger boxed frame from the Chevelle convertible, the shortened rear axle and brakes from the Impala, and a heavyduty suspension. The only transmission available was the stout Muncie close-ratio 4-speed manual. The rear of the Z16 had a unique black and chrome trim panel that framed Chevelle 300-style taillights, and most every Chevelle comfort and convenience option was included. And at a price of around $4,500, they cost as much as many Corvettes that year. The fact that Chevrolet never advertised the Z16 only added to the car′s mystique, but GM did make sure the right people were seen driving the cars, including the likes of Dan Blocker (Hoss Cartwright of the “Bonanza” TV show), Motor Trend and Hot Rod publisher Robert Petersen, Briggs Cunningham, A.J. Foyt, and Phil Hill, among others. With the exception of the two prototypes built earlier, production of the Z16 began about February 15, 1965, and ended in April. Casting dates show these to be powered by some of the first 396 engines produced by the Tonawanda, New York, engine plant. It's quite possible the Z16 was the first Chevrolet product to be powered by the legendary big-block, beating its Corvette and Impala counterparts by a few weeks. Fully documented as the original prototype That makes the Z16 the first in a long line of legendary big-block Chevrolets, and this particular Z16 is fully documented to be the original prototype. The car was owned by some of the most prominent Chevelle authorities, including restorer Doug Garrett, Mark Meekins, founder of the National Chevelle Owners Association, and the late David Miner, founder of the Z16 Registry, all of whom helped to keep the car so amazingly original. Because the Z16 is so highly coveted, few are found on the marketplace, and Z16 #1 might not have come to market had not David Miner passed from cancer. This car sold for $412,500 in 2006, so we can only assume the current economic conditions kept Mecum from reaching a similar price, which makes it very well bought in the long run. Keeping this car in perspective, Z16 #1 sold for $100k more than the next highest Z16. That's only fitting for the car that is truly the first in a long line of legendary big-block Chevrolets. ♦ (Introductory description courtesy of Mecum Auctions.) August 2009 47

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Race Car Profile 1990 Ferrari 641/2 F1 The buzz at the auction was that this car was unusual and desirable in being completely ready to run with the F1 Clienti. The buyer bought it for that purpose by Thor Thorson Details Years produced: 1990 Number produced: 7 (1 destroyed, 6 exist) Original list price: n/a SCM Valuation: $350,000–$500,000 Cost per hour to race: $10,000 Chassis #: Tag on tub in cockpit Engine #: Unknown Club: Ferrari Owners Club 19051 Goldenwest St., Suite 106-328 Huntington Beach, CA 92648 More: www.ferrariownersclub.org Alternatives: 1987 March Kraco Indy, 1993 Williams-Renault FW15C, 1987 Ferrari F1/87 SCM Investment Grade: B Comps Chassis number: 121 best season in years. Steve Nichols joined Ferrari from McLaren in 1989 and thus inherited a John Barnarddesigned car for the second time in his career. His 1987 McLaren MP4/3 had been a logical devel- F opment of Barnard's last car for that team, and Nichols decided not to make any drastic changes to the Ferrari 640 concept. A larger and more robust fuel tank was utilized, the bodywork was revised, and huge advances were made with both the sequential gear change and engine development. Ferrari's V12 engine was acknowledged to be one of the most powerful powerplants by the middle of the season. The Ferrari 641 was a superbhandling racing car, which Alain Prost described as being “the best car on the grid.” In 1990, chassis 121 had two 3rd place finishes—one being in the season's final round in Australia—two 2nd place finishes, and a dominant victory in the hands of Prost in 1990. This car has since spent some time in both the United States and in Japan in important private collections. It was recently returned to the factory's expert F1 Clienti department in 2008 for a no-expense-spared overhaul at a cost of nearly $150,000. The work included fitment of a brand new injection system, a new set of gears for the sequential box, overhaul of the braking system, and dyno testing of the engine. No fewer than 360 hours were spent in overhauling this important Ferrari racing car, and it was subsequently shaken down at Fiorano in April 2008 by the 48 errari entered 1990 with a dream driver lineup. Nigel Mansell was in his second season with the Scuderia and Alain Prost was making his debut with the Maranello team. Ferrari would have its Ferrari test drivers, where it performed impeccably. Ferrari F1 Clienti would welcome this car at any of its events during the 2009 season and even at the Monaco Historic Grand Prix in 2010. SCM Analysis This car sold for $484,000, including buyer's premium, at RM's Leggenda e Passione auction in Maranello, Italy, on May 17, 2009. Grand Prix cars have always been the ultimate form of motorsport—the most technically advanced, least constrained, and purest examples of what state-of-theart engineering and stupid quantities of money can create in a racing car. The unfortunate adjunct is that they are also—from the standpoint of supporting and running them—the most difficult, demanding, unforgiving, and high-maintenance mistresses in the sport. Don't get me wrong; they are almost without excep- tion fabulous cars to drive, but from the 1930s to the present, they have always been the province of people who could write large checks. Anyone seriously considering owning one needs to understand this going in. If not, he's guaranteed to figure it out later. F1 cars of the 1950s and '60s are simple Like most mechanical systems, the complexity and attendant difficulties in Grand Prix cars have followed a roughly parabolic trajectory from the early 1950s to the present. The cars of the 1950s and 1960s are relatively simple to own and run; a mechanically competent owner can keep and run one safely and competitively with a minimum of assistance. By the time we get to cars of the 1970s, keeping a 1987 Ferrari F1/87 Lot 343, s/n 099 Condition 1Sold at $383,006 RM, Maranello, ITA, 5/18/2008 SCM# 116800 1986 Ferrari F1/86 Turbo Lot 282, s/n 094 Condition 2+ Sold at $371,160 RM, London, UK, 10/31/2007 SCM# 48053 1990 Ferrari 641/2 F1 Lot 109, s/n 119 Condition 1- Not sold at $650,000 Sotheby's, Maranello, ITA, 6/28/2005 SCM# 38629 Sports Car Market Photos: Tom Wood

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GP car running is more the job of a competent race shop than an owner-driver, mostly because the chassis components were built as lightly as possible and require constant attention. The Cosworth DFV engines and Hewland transaxles that were ubiquitous during that time are remarkably dependable, and the performance levels, though very fast, are still within the range of excellent but amateur drivers. In the late 1970s, everything changed, first with the advent of ground effects aerodynamics and then with the 1.5-liter turbocharged era. The cars became too powerful and demanding for any but the best professionals to drive competitively, and the complexity of the systems skyrocketed. Electronic engine management arrived in the 1980s, along with pneumatic valves and one- or two-race optimized components, with the result that only the original teams had the computer programs, knowledge, and capabilities to run the cars effectively. After 1979, the idea of any amateur or privateer participation in Grand Prix racing, either at the time or later on in historic racing, was simply lost. Contemporary historic racing reflects this fact. Though there are places and events where you can go and play with your 1980-and-newer Grand Prix car, there are no serious organized racing series for cars newer than 1979. Thus, buyers of these cars fall into one of two categories: people who buy them more or less as relics to keep on static display in collections; and people who buy them for the thrill factor of being able to occasionally drive one. There is almost no transference between these two approaches, the problem being that pneumatic valves need constant gas pressure to keep them in place (there are no valve springs as such). Operable cars are kept with a nitrogen tank constantly hooked up, and if you ever let things lapse, the valves fall open and tangle. Then the only remedy is to rebuild the engine. The semiautomatic paddle-shift transaxles are similarly vulnerable to being ignored. Once a car has been allowed to sit untended for any substantial period, you pretty much have to start over before you can hope to run it. For buyers in the second category, the ones who actually want to experience the thrill of driving a contemporary GP car, there is an excellent alternative (for Ferraris, anyway). It's called the F1 Clienti Department at Ferrari, but before embarking on this route, it is very important to acquaint yourself with the most basic rule of racing, to wit: The least expensive thing you will ever do in racing is purchase the car. I'm not kidding. Assuming you don't do something really stupid, you can always resell a car like this for something like its purchase price; it's a place to park some money rather than being a cash drain. Having it kept and properly maintained, though, plus participating in the various events organized so you can play with it, involve costs that make running the horse racing circuit look like a bargain. You're only allowed to show up and drive It's instructive to note that the catalog states that about $150,000—roughly a third of the hammer price for the car—had just been spent getting the car up to speed as an F1 Clienti runner (and they didn't rebuild the engine). I'm told that if you want to run your Ferrari with F1 Clienti, they will insist that they store it, main- tain it, transport it, and support it at events; the owner is only allowed to show up, get in, and drive. I completely understand this. F1 Clienti is the responsible party, and the consequences of anything going wrong are serious or worse, so control of everything is necessary. But this both makes it very expensive and limits the joy of ownership. The car is never going to be in your garage for your friends to drool over; you'll have to impress them with photos. And you can only go play when F1 Clienti organizes something. The buzz at the auction was that this car was unusual and desirable in being com- pletely ready to run with the F1 Clienti. The buyer clearly bought it for that purpose and paid a substantial premium over what non-runners have sold for just to do so. I know several SCMers who have owned and played with Ferraris like this, and the experience is apparently spectacular, to the point of mental overload. It's brutally expensive for very little track time, though, and not appropriate for anyone who has to be concerned about shelling out tens of thousands of dollars for an occasional 20 minutes of scaring himself silly. Assuming a qualified buyer knew exactly what he was buying into when he raised the paddle, the car was fairly bought. ♦ (Introductory description courtesy of RM Auctions.) August 2009 49

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Market Reports Overview Ferraris Lead $43m in Spring Sales RM's Ferrari 250 TR set a new world auction record at $12.4m, but a number of other million-dollar cars were much more difficult to sell by Jim Pickering T he late spring and early summer months are traditionally some of the most popular times to buy within the collector car market, and recent sales worked hard to capitalize on that interest with a number of rare and high-end consignments available at numerous locations around the world. However, the market as a whole continued to be a challenging place, and although some new records were set, most auctions saw a drop in final totals from this time in 2008. Some of the biggest news in recent months was RM's consignment of a 1957 Ferrari 250 Testa Rossa to its annual Leggende e Passione sale at the Ferrari factory in Maranello. The buzz throughout the auction world was that it would set a new world record, eclipsing the $10.9m achieved for the James Coburn Cal Spyder sold there last year. And set a new record it did, bringing a remarkable $12.4m for its seller. Senior Auction Analyst Paul Hardiman also noted that despite a minor accident involving a 1956 Ferrari 250 GT Tour de France, it still made $3.2m, possibly buoyed by the repairs, which brought the car closer to its original as-raced shape. In total, 27 of 36 cars sold for a final total of $28.4m—a significant drop from last year's $43.3m from 33 of 46. Held the same weekend as RM's Maranello event, Bonhams's annual Monaco sale saw 46 of the 92 lots offered bring a final total of $6.2m. Auction Analyst Jérôme Hardy witnessed a lack of big-ticket items on the consignment list this year compared to years past, which led to results falling relatively distant from last year's $12.7m. Still, four cars sold at over $500k, and one of them, a 1990 Ferrari F40 LM Competition, brought $1.3m—the high sale of the event. In early May, Senior Auction Analyst Carl Bomstead made his way to the Lakewood Yacht Club in Seabrook, SCM 1-6 Scale Condition Rating: 1: National concours standard/ perfect 2: Very good, club concours, some small flaws 3: Average daily driver in decent condition 4: Still a driver but with some apparent flaws 5: A nasty beast that runs but has many problems 6: Good only for parts 50 $28,430,845 Sales Totals RM Auctions, Maranello, ITA Bonhams, Monte Carlo, MCO Worldwide Group, Seabrook, TX RM Auctions, Novi, MI Carlisle Auctions, Carlisle, PA $1,734,611 $2,102,530 $4,961,250 Texas, for the Worldwide Group's annual Houston Classic auction. Although this year's sale saw a number of seven-figure cars consigned, Bomstead says that many of them failed to sell after being bid to below their sellers' expectations, including a 1936 Delahaye 135S Competition teardrop coupe that was bid to an insufficient $2m. The high sale of this year's event went to a 1936 Auburn boattail speedster at $291,500, and at the end of the day, 68 of 106 lots had traded hands for just under $5m. Carlisle Auctions held its annual Spring Carlisle sale in late April, and Auction Analyst Chip Lamb was there to cover the lots on offer. Of 221 cars available, 101 were sold, bringing a final total of $1.7m, against last year's $2m for 106 of 238 cars. This year's auction had been moved up a day, starting on Thursday instead of Friday, and Carlisle's free consignment incentive returned, along with the All-Original Hour on both days of the event. Lamb found plenty of affordable classics available, led by a 1956 Chevrolet Corvette roadster at $54,600. Late April saw RM Auctions return to Michigan for its annual Novi sale, where 121 of 252 cars sold for a final total of $2.1m, a significant drop from the $6m of 2008 but in line with results of previous years. Auction Analyst Phil Skinner noted that interest was still relatively high here despite a troubled economy in southern Michigan, with many cars bringing respectable prices across the block. This year's high sale went to a 1950 Flxible coach at $90,720, while a 2004 Dodge Viper RT/10 made $53,900. Finally, Geoff Archer's report on recent eBay Motors sales reveals the dangers of having a couple of cars, a few tools, and a whole bunch of spare time. ♦ Top 10 Sales This Issue (Land Auctions Only) 1. 1957 Ferrari 250 TR sports racer, $12,402,500—RMI, p. 54 2. 1956 Ferrari 250 GT TdF coupe, $3,176,250—RMI, p. 54 3. 1959 Ferrari 250 GT LWB California Spyder, $2,911,563—RMI, p. 56 4. 1990 Ferrari F40 LM Competition coupe, $1,302,075—Bon, p. 86 5. 1966 Ferrari 275 GTB Alloy coupe, $1,096,563— RMI, p. 57 6. 1965 Ferrari 500 Superfast coupe, $983,125—RMI, p. 57 7. 1966 Ferrari 275 GTB/6C coupe, $907,500—RMI, p. 57 8. 1966 Porsche 906 prototype racer, $782,325—Bon, p. 80 9. 1963 Ferrari 250 GTL Lusso coupe, $605,000—RMI, p. 56 10. 1985 Ferrari 288 GTO coupe, $529,375—RMI, p. 60 1. 1971 Citroën DS21 cabriolet, $89,500—Bon, p. 78 2. 1947 Cadillac Series 62 sedan, $7,875—Car, p. 66 3. 1933 LaSalle 345C sedan, $37,400—WWG, p. 106 4. 1957 Ferrari 250 GT Ellena coupe, $378,125—RMI, p. 54 5. 1966 Chevrolet Nova SS 2-dr hard top, $10,010—RMN, p. 94 Sports Car Market Best Buys $6,209,906

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RM Auctions Maranello, ITA Ferrari Leggenda e Passione 1957 Testa Rossa 0714TR lived up to expectations and set a world record for a car sold at auction, pulling down $12.4m Company RM Auctions Date May 17, 2009 Location Maranello, Italy Auctioneer Peter Bainbridge Automotive lots sold / offered 27/36 Sales rate 75% Sales total $28,430,875 High sale 1957 Ferrari 250 Testa Rossa, sold at $12,402,500 Buyer's premium 250 TR: A new world record is set Report and photographs by Paul Hardiman Market opinions in italics $12.4m. After all the worldwide hype, it had to sell, and it did, though it just failed to crack the psychological (for Brits) £10m barrier. Sensible prices abounded, with only a few cars ex- R ceeding their estimates and some of the bigger lots failing to reach reserves. RM had done well to offer a mostly impressive array of Ferraris at its annual Maranello sale in association with Sotheby's, with all cars certified by Ferrari Classiche, including two collections. One was a Dutch-owned clutch of eight coachbuilt cars, from a Bertone-bodied 250 SWB to a charming two-tone 1949 166 Inter by Stabilimenti Farina with intriguing dog-leg doors that was on show but was sadly withdrawn before the sale. They hadn't skimped on the catalog either, artfully and expensively photographed with, for example, the very appealing Mondial shot in a “barn find” setting, as if to authenticate its well-used appearance. Not that it needed it, as it was just right. Sadly, it too was withdrawn before the sale. It's slightly uncanny to check out a bunch of cars with the background harmonic wail of Ferrari V12s on the Fiorano test track just the other side of the wire. Horror stories about the 1956 250 Tour de France being totaled before the sale were wildly exaggerated. Yes, an RM employee did bend it lightly days before the auction 52 M lived up to expectations and set a new world record for a car sold at auction with the well-publicized 250 Testa Rossa, s/n 0714TR, pulling down Maranello, ITA after running out of road, and yes, RM did fly out two body men from Ontario to fix it (strange in the land of the artisan panelbeater—coals to Newcastle, as we say), but that happily gave the opportunity to reshape the nose back to the form in which it placed highly on those famous tours. An RM spokeswoman said, “Overall, it was a great weekend and standing- room only in the auction room as discerning collectors from around the world—including from across Europe, North America, and as far away as Saudi Arabia, the United Arab Emirates, and Japan—sought to acquire their very own piece of Ferrari history. The international interest shown in the auction, coupled with the level of bidding, demonstrates the collector car market is still extremely robust.” The TR looked a little overwhelmed and lost during viewing, centered unblinking on the spacious stage between the fierce P4 and the TdF, both with several notches on their saddles and more heroic stories to tell. Rob Myers, CEO and founder of RM Auctions, said, “The 250 TR is a rare, highly desirable, and extremely sought-after racing Ferrari with impeccable history and provenance, which contributed to its record-breaking sale price today.” Previous world records have been a 1931 Bugatti Royale sold by Robert Brooks at Christie's in 1987 for $9.8m and a 1961 Ferrari 250 GT SWB California Spyder, formerly the property of actor James Coburn, which RM sold last year at Maranello for $10.9m. RM now holds five of the top ten world records for the most expensive motor cars sold at auction. ♦ $10m $20m $30m $40m $50m Sales Totals 2009 2008 2007 10%, included in sold prices ($1.375 = €1.00) Sports Car Market

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RM Auctions Maranello, ITA #225-1949 FERRARI 166 INTER coupe. S/N 017S. Eng. # 017S. Red/beige velour. RHD. Odo: 12,947 miles. Coachwork by Touring. A three-owner car. Restoration from the late '90s now shows a few polish marks in paint. Unmarked velour seats, dash and Jaeger instruments all good. Stainless exhaust looks recent. and this one was certainly striking, which is what attracted collector Edgar Schermerhorn to it in 1999. Originally supplied to the U.S, then back to Europe via Italy in 1986. Slightly behind the low estimate, but price paid here was fair. TOP 10 No. 2 #232-1956 FERARRI 250 GT Tour de France coupe. S/N 0563GT. Eng. # 0563GT. Blue/tan leather. Coachwork by Scaglietti. Last of eight in its original body style, always in these colors. Several TdFs under its belt, best fifth overall in '57. In the U.S. from '59, restored 1990. Clean and tidy mechanically, with new leather and carpets. Overall perfect condition, apart from crack in windshield and small scratches in left front bumper. Interesting #226-1956 FERRARI 250 GT Boano coupe. S/N 0569GT. Eng. # 0569GT. Blue & silver/beige leather. Odo: 12,117 miles. From the second series of 3-liter road cars, with aluminum “low-roof” body by Boano, one of 22 built. Restored in the '80s. Body and paint Cond: 2+. SOLD AT $355,438. Last sold by Bonhams & Brooks in Gstaad in December '00 for $245,967 with 79,111 miles and rated as a 2- (SCM# 10686). It was considered cheap then, and while the price paid here was more realistic, it was still 20% under estimate. #224-1950 FERRARI 195 INTER coupe. S/N 0105S. Eng. # 0105S. Red/red leather. RHD. Odo: 59,086 km. One of only around 35 Ferraris bodied by Ghia. Body and paint perfect, rechrome shows no flaws. Deco instruments nearly perfect, new leather settling in footnote to history is that it was bent by an RM employee days before the sale, and hurriedly straightened—giving an opportunity to reshape the nose as per original. Cond: 2+. SOLD AT $3,176,250. Not sold by RM in Monterey in August '08 at $3,900,000 (SCM# 117468), and to quote RM's Don Rose, “It was always going to sell here.” The nose job was faultless and probably enhanced its appeal and value. Price for this very desirable Ferrari, eligible for all the best events, though slightly less than RM might have hoped for, pegged today's market spot-on. nicely. Fitted with Borranis. Cond: 2+. SOLD AT $398,750. Originally sold to Milan, in the U.S. by 1960, in Japan and Germany before entering the collection of Edgar Schermerhorn. Sold after the sale for fair money each way. #229-1953 FERRARI 212 INTER Europa coupe. S/N 0287EU. Eng. # 0287EU. Red/ beige leather. Odo: 51,950 km. Coachwork by Vignale. Body straight and door fit good, various cracks and marks in 27-year-old paint. Newish-looking leather, or possibly older with very little use. Motor rebuilt in 1999 and painted. Fitted with Borranis. Cond: 2-. SOLD AT $468,875. No two Europas are exactly alike, #215-1956 MASERATI 250F Grand Prix monoposto. S/N 2526. Eng. # 2526. Red/aluminum. Coachwork by Fantuzzi. The Ex-Stirling Moss, 1956 GP-winning 250F. Tidy but wellraced condition, with Moss' signature on nose. Was injected, now on Webers, differs slightly in detail appearance from original. Was 2523 in '57-'58, at one point fitted with 3-liter motor, show well, apart from a couple of pings or bubbles in hood. Chrome good, leather lightly creased. Fitted with Borranis. Dutch registration. Cond: 2+. SOLD AT $552,063. Like an Ellena, but rarer and arguably more elegant, so commensurately slightly more expensive. From the Schermerhorn Collection, and sold on the money here. TOP 10 No. 1 #237-1957 FERRARI 250 TR sports racer. S/N 0714TR. Eng. # 0714TR. Black/red leather. Coachwork by Scaglietti. The grandaddy. Fourth TR of 34 built (21 like this with pontoon fenders), and the second customer car. Originally finished in white for Piero Drogo, who added the brake scoops. Not huge period race history, but won SCCA events in this color scheme with second owner Alan Connell. Lost then reunited with original engine, in Japan from 1984. Following restoration back to Connell's colors, pretty much perfect, with deep paint and seat leather just settling in. Cond: 1. SOLD AT $12,402,500. Rarer than a GTO, and after being heavily marketed by RM, including magazine features, it was expected to make a new world record price. The result wasn't too shabby, and it re-establishes the benchmark we all knew but were getting nervous about. A crucial sale: sighs of relief all around. See the profile, p. 36. then as a V12 development car and raced twice in that configuration. Sold off by factory in '58 with '57-type lightweight body and motor and identity from 2526. Maserati certified. Cond: 2. NOT SOLD AT $1,856,250. From the collection of Peter Heuberger, who has enthusiastically raced his cars and has now decided it's someone else's turn. This bid was at least a half million short of where he wanted it to be, but it's had a rather checkered history. Well documented, though, and should have sold at this price. 54 #209-1957 FERRARI 250 GT Ellena coupe. S/N 0819GT. Eng. # 0819GT. Red/tan leather. Odo: 6,786 km. The 26th of 50 like this by Carrozzeria Ellena. Last year, we said: “Frame-off restoration to concours standard in the '90s still shows well. Paint superb with excellent panel fit. All chrome, glass, and rubber perfect, polished Borranis flawless. Interior retrimmed recently with new everything. Tripmaster and electrical cut-off used during five participations in the Mille Miglia by its German owners. Well done Sports Car Market Pieter E Kamp

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RM Auctions Maranello, ITA #222-1961 FERRARI 250 GTE 2+2 coupe. S/N 3227GT. Eng. # 3227GT. Grigio Argento/ tan leather. Odo: 38,471 km. Coachwork by Pininfarina. Almost a mass-production Ferrari, with almost 1,000 made. Very straight and proper body, nice paint, good chrome, newish bumper. Cond: 2+. SOLD AT $605,000. This had been in Switzerland most of its life, with one owner keeping it 35 years. Almost faultless, but you have to ask whether with one long-term owner it could have been left original. About on the money either way. throughout.” Five miles and a year later it's the same, but now with one tiny rust bubble in left A-pillar. Cond: 1-. SOLD AT $378,125. Last sold here in '08 at $595,788 (SCM# 116728), and before that, failed to sell at the Tokyo Auction for $240,000 in March '92 (SCM# 17942). Last year the price was considered high, and this time it was low, but it was offered this time with no reserve, so presumably the owner wanted out. TOP 10 No. 3 #234-1959 FERRARI 250 GT LWB California spyder. S/N 1487GT. Eng. # 1487GT. Blue/red leather. Odo: 4,799 miles. Coachwork by Scaglietti to a Pininfarina design. Platinum award-winning car with period race history. Was owned by the Rodriguez family in Mexico, raced by Pedro, then owned by John Mecom. Restored #216-1964 FERRARI 250 GTL Lusso Competizione coupe. S/N 5367GT. Eng. # 5367GT. Blue/beige lether. Odo: 17,452 km. Coachwork by Scaglietti to a Pininfarina design. Body nice and straight with air vents where front fogs used to be. 1999 restoration and repaint in original colors, fresh exhaust system and mounts. Some grubbiness to leather, which looks original. Motor with GTO cams leather, motor tidy. Fitted with Borranis. Cond: 2. SOLD AT $158,813. From the collection of Edgar Schermerhorn, who likes offbeat coachbuilt Ferraris. This one's stock and sold for a market-correct price, and it's now expensive enough not to be in danger of being made into an SWB replica. #213-1962 FERRARI 250 GT SWB California spyder. S/N 3119GT. Eng. # 3119GT. Red/tan leather. Odo: 50,999 km. Coachwork by Scaglietti to a Pininfarina design. Former concours winner with nearly perfect body, only flaw is tiny nick in driver's seat. Supplied new to Belgium, in U.S. by 1970. In and six carbs almost from new, good comp history includes fifth in class in '64 Tour de France. From the Peter Heuberger Collection. Cond: 3+. NOT SOLD AT $790,625. Worth more than a perfectly restored original road car, yet still streets behind an SWB or 275 GTB. This car had good history, but this bid was just a little over half of what was required to move it to a new home. #206-1965 FERRARI 330 GT 2+2 Series in England in 2000, more work done in the U.S. around 2004. Perfect body, but new red leather too bright. Refurbed dash top. Cond: 1. SOLD AT $2,911,563. With an illustrious list of owners and race history, this was one of the most desirable LWBs, so it's better than money in the bank. The only surprise would have been if it hadn't sold for this. #217-1960 FERRARI 250 GT SWB Speciale Bertone coupe. S/N 1739GT. Eng. # 1739GT. Silver/red leather. Bertone special body, designed by Giugiaro on the third 2,400mm SWB chassis. Red cam covers from new. Most Elegant of Show at Pebble Beach in 1983 I coupe. S/N 6397. Eng. # 6397. Red/black leather. Odo: 47,962 km. Coachwork by Pininfarina. Appears good from a distance, but rear arch radius is a bit freehand and there are current ownership only since 2007 and offered like a lamb to the slaughter after last year's record price for 2377GT (SCM# 116785). Cond: 1-. NOT SOLD AT $5,500,000. Chris Evans is a very rich man who knows what he likes, and he paid top dollar for the similar 2377 last year. Those looking for a new yardstick were disappointed. TOP 10 No. 9 #212-1963 FERRARI 250 GTL Lusso coupe. S/N 4405GT. Eng. # 4405GT. Red/tan leather. Odo: 80,793 km. Coachwork by Scaglietti to a Pininfarina design. Recently restored. The fourteenth built of the last and arguably most gorgeous of the 250 GT series. Excellent panel fit and paint, new Borranis, new Luppi interior. Replated chrome nice, apart from small blemishes in rear and still in impeccable order. Cond: 1. NOT SOLD AT $2,200,000. Not sold for about SWB money, which means it's too expensive to be given a regular body but too pricey for a weirdie, even though the top bid fell $800k short of lower estimate and presumably the reserve. 56 a few paint imperfections. Dash and instruments good, leather nicely aged. New exhaust fitted, sits well on nice set of Borranis. Cond: 2. SOLD AT $83,188. Sold slightly under the lower estimate of $85k, but a fair price for a car with a bit of character. On the money. #208-1965 FERRARI 275 GTB/C Competizione Clienti coupe. S/N 07545. Eng. # 07545. Red/black leather. RHD. Odo: 75,935 miles. Coachwork by Scaglietti to a Pininfarina design. One of ten second-run Competizione Clienti cars built, well-raced with lots of history and an illustrious list of owners, including Frank Gardner. Following ongoing restoration, body straight and door fit good, one tiny ding in grille mouth. Hardly worn black leather, front sits on weird inset Borranis. Not the most exotic of the factory 275 specials, but probably Sports Car Market

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RM Auctions Maranello, ITA TOP 10 No. 5 #233-1966 FERRARI 275 GTB Alloy coupe. S/N 08225. Eng. # 08225. Yellow/black leather. Odo: 48,195 km. Coachwork by Scaglietti to a Pininfarina design. Restored in the late '80s in Los Angeles, after which it won several concours and four Platinum awards in eleven years. Body still straight, with good door and the easiest to live with. Cond: 2. NOT SOLD AT $1,718,750. Something over $2m would have bought it. It cost almost $10k new! That was then the price of a nice, large detached house in England, and currently they're $800k; tell me your money's better in the bank... TOP 10 No. 6 #223-1965 FERRARI 500 SUPERFAST coupe. S/N 6043SF. Eng. # 6043SF. Verde Scuro/black leather. Odo: 15,591 miles. Coachwork by Pininfarina. Completely original and practically as new. Straight and shiny body under original paint, chrome shows a few small panel fits and the right panel joints still showing. Hardly used black leather, new carpets, refurbed wheels. Still with tool roll, books, and manual in leather wallet. Cond: 1. SOLD AT $1,096,563. The fact that this was an alloybodied, long-nose, torque-tube car made it one of the more desirable examples available, and this was the right money for a very nice car. #220-1967 FERRARI 330 P4 racer. S/N marks, windshield scratched by wipers. Lightly creased leather in well-fitted interior. Won Best of Show at Paleis Het Loo in 2001. Cond: 1-. SOLD AT $983,125. First owned by Lord Hanson, then Edgar Schermerhorn. This was all the money (50% over estimate) but that's irrelevant when you're looking at a car done to this level. Find another as good... TOP 10 No. 7 #218-1966 FERRARI 275 GTB/6C coupe. S/N 08895. Eng. # 08895. Silver/black leather. Odo: 94,178 km. Coachwork by Scaglietti to a Pininfarina design. Long-nose, six-carb, torque-tube car. Repaint with no issues, door and window seals good, left rear alloy lightly marked, refinished exhaust with new hangers and heat shields. 0858. Eng. # 0858. Red/red & black vinyl. RHD. Coachwork by Carrozzeria Sports Cars. The middle of three built, driven as a 4-liter by Bandini, Mairesse, Stewart, and Amon. Won at Monza, took third at Le Mans in '67, then chopped for BOAC 500 and was further modified for Can-Am in '68. Motor clean and tidy, panel fit approximately as-original, one side good body and paint with no visible issues, redone chrome and refurbed alloys show well, leather only lightly creased. Cond: 2+. SOLD AT $105,875. This was offered without reserve, but even so, it hit the high end of what was expected. Well sold. #227-1970 FERRARI 365 GTB/4 Daytona coupe. S/N 13653. Eng. # 558. Silver/red & black leather. Odo: 6,626 km. Coachwork by Scaglietti to a Pininfarina design. Body and paint good, trunk lid fit a bit low, dash top good, lovely patina to leather despite seats having been restored in 2008. New exhaust and hangers. Originally blue, but attractive in unusual silver with Borranis. Cond: 2+. SOLD AT $287,375. From the collection of Edgar Schermerhorn and sold for all the money. The original alloys were included in the deal, but that was a drop in the ocean. Considering the Daytona trend looked downward recently, this was well sold at what would have been good money a year ago. #214-1971 FERRARI 365 GTB/4 Daytona spyder. S/N 14543. Eng. # B1152. White/black & red leather. Odo: 3,702 miles. Coachwork by Scaglietti to a Pininfarina design. Appears to be a perfect restoration, but completely original, apart from repaint and suspension rebuild since 2006. Brightwork original, leather original and lightly creased. Never titled, formerly owned window cracked. Worn seats nibbled out for belts, some rivets almost obscured by layers of paint. U.S. title. Cond: 3. NOT SOLD AT $9,968,750. These just don't appear on the market, and this came from 38 years of ownership, so it was interesting to see what sort of value would have been placed on this had it sold. I hear David Piper, who once owned the car, has an original body for one of these. How much might it bring as a coupe? #201-1969 FERRARI 365 GT 2+2 coupe. S/N 12945. Eng. # A1480. Red/tan leather. Odo: 104 km. Coachwork by Pininfarina. Very Leather slightly worn, airbox not fitted but comes with car. Sold with original papers and invoices, tool roll, handbook, and even an original Ferrari duster. Cond: 2-. SOLD AT $907,500. The best spec, complete history, and fine, usable condition meant this was going to fetch the money, which it did to the tune of 30% more than expected. But in five years' time, I don't think this price will look expensive. 58 by both William Harrah and Dr. Jack Frost. With original tires, factory tool roll, and all papers and books. Cond: 2+. NOT SOLD AT $1,031,350. A once-in-a-lifetime opportunity that nobody here chose to take. The top bid was close, but not quite close enough for the seller. Does he gamble on Monterey or wait for another try at the same time next year? #211-1972 FERRARI 246 GTS Dino targa. S/N 05104. Eng. # 10252. Red/black vinyl & red carpet. Odo: 74,020 km. Coachwork by Scaglietti to a Pininfarina design. Straight body, bent sill by right-hand jacking point. New carpets, wipers mixed up and scratched windshield. Motor dry and tidy, but it wouldn't start Sports Car Market

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RM Auctions Maranello, ITA range. Well bought, compared to its last auction appearance, as this is what you pay for an original in this market. #221-1973 FERRARI 365 GTB/4 Daytona on viewing day. Cond: 3. SOLD AT $143,688. This car didn't exactly win confidence, and I still don't understand why this lumpy GTS fetched so much more than the coupe, which was in much better condition and had a great look. Well sold. #231-1972 FERRARI 365 GTC/4 coupe. S/N 16063. Eng. # 00326. Metallic blue/offwhite leather. Odo: 55,252 km. Coachwork by Scaglietti to a Pininfarina design. Good straight body recently repainted in the right color. Refurbished wheels, retrimmed interior did drainpipe exhausts. An old warhorse with lots of patina, although fully sorted by Roelofs and reportedly on the button. Cond: 3+. NOT SOLD AT $2,887,500. With great history and all original major components, this is one of the most desirable Daytonas, but it fell about $500k short of its reserve on the day. Strange, as it's a magnificent beast with all the money spent, and it's eligible for many prestigious events. #207-1974 FERRARI 365 GT4 BB coupe. and dash top excellent, new exhaust. No early history. Cond: 2+. SOLD AT $151,250. In this ownership only since 2008. Although this one was some way over its reserve, these “cutprice Daytonas” represent very good value for money, and this was still a decent deal at the price paid. #202-1973 FERRARI 246 GT Dino coupe. S/N 07186. Red/black vinyl. RHD. Odo: 40,470 miles. Coachwork by Scaglietti to a Pininfarina design. Right-hand drive, English registration. Clean and shiny paint, door to front fender fit isn't the best, but “factory genuine fit and finish” shows what the originals were like, as it's claimed to have been only mechanically refurbed and never restored. A few small paint nicks in door frames, engine lid fits well. Cond: 2. SOLD AT $113,438. Last seen at RM's Maranello sale in May '08, where it sold at $170,225 (SCM# 116739). There was a wide estimate of $100k to $150k given on this one, and it sold near the lower end of that S/N 17927. Eng. # 000125. Rosso Dino/Crema leather. Odo: 43,537 km. Coachwork by Scaglietti to a Pininfarina design. Very straight and sharp, with a few swirl marks in repaint. Smells new inside, leather lightly creased but not worn. Motor clean and tidy, new exhaust fitted. Nice Campagnolos; original Cromodoras and tires behind car are presumably included in the deal. Early cars are the most desirable, and AT $90,750. Four owners from new, none of whom drove the car much, but rather preserved this as one of the last cars of the Enzo era. Not this sale's usual fare, but was included due to its very low mileage. Not the most elegant of the series and twice the price of an “average” example, but it'll be hard to find a better one. #236-1991 FERRARI F40 coupe. S/N ZFFGJ34B000088835. Red/red Nomex. Odo: 21,440 km. Coachwork by Pininfarina. Nonadjustable suspension, delivered new with catalytic converters. Apparently uncrashed and generally unscuffed, including wheels Competizione Group 4 racer. S/N 16363. Eng. # B2146. Red & white/blue & black velour. Coachwork by Scaglietti to a Pininfarina design. Original Pozzi racer as driven by Claude Ballot-Léna and Vic Elford to class victory at Le Mans in '73 and raced since, with last event sticker from the 2005 Spa 6 Hours. Sandblasted at front with minor chips and scratches, splen- Orange peel in paint as per original, leather like new. Cond: 2+. SOLD AT $529,375. Supplied new to the U.K, more recently in Asia. More desirable than its younger sister, partly due to much lower numbers, and that was shown in the price—$136k more than a similar-condition F40 in the same sale. #219-1989 FERRARI 328 GTS targa. S/N 82103. Eng. # 18665. Red/tan leather. Odo: 2,309 km. Looks and smells like new. Unworn leather, proof marks still on hoses. Already had a belt change at 1,750 kilometers in 2001. German registered. Cond: 1. SOLD this one tugged at my heart-strings. Cond: 2+. SOLD AT $173,938. Originally supplied by a Verona dealer, last sold by Bonhams at Gstaad in December '03 for $90,383 with 42,992 kilometers (SCM# 31741). This time it sold without reserve, but RM got it up to a market-sensible price. With the extra wheels in the equation, it was slightly well bought. TOP 10 No. 10 #204-1985 FERRARI 288 GTO coupe. S/N 56337. Eng. # 187. Red/black leather. Odo: 14,057 km. Coachwork by Pininfarina. The forerunner of the F40, with a/c and power windows from new. Used, but with no significant scuffs or marks. 60 and seats, several tiny touched-in paint chips up front. Noted to have the curious little crack which always seems to appear in the left rear pillar. Italian registration. Cond: 2. SOLD AT $393,250. Although sold slightly over what was expected, it was cheaper than the 288 GTO in the same sale, which orders their relative desirability 20 years down the line.♦ Sports Car Market

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Carlisle Auctions Carlisle, PA Spring Carlisle Collector Car Auction From low-mileage cars like those offered in the All-Original Hour to interesting sports, muscle, and luxury cars, there was something for everyone Company Carlisle Auctions Date April 23–24, 2009 Location Carlisle, Pennsylvania Auctioneer Jeffrey Knosp & Jim Landis Automotive lots sold / offered 101/221 Sales rate 46% Sales total $1,734,611 High sale 1956 Chevrolet Corvette 283 convertible, sold at $54,600 Buyer's premium 5%, included in sold prices 1966 Plymouth Satellite made $25k Report and photos by Chip Lamb Market opinions in italics ing times every year. Signaling the beginning of the car P show and swapmeet season, the spring event in late April marked its 32nd year with a spectacular swapmeet under clear skies and great temperatures, and the fourth installation of the Spring Carlisle Collector Car Auction held across the street. The auction, now on Thursday and Friday rather than Friday and Saturday, capitalized on many of the same high points the event organizers found to be a formula for success during the last three years, including AllOriginal Hour on both days, as well as the free consignment incentive now extended to the first consignment received from each individual and not just lots consigned before a certain date. Carlisle's inventory of cars this time around was made up of affordable classics similar to those found throughout the Car Corral on the fairgrounds side. From special low-mileage cars like those offered in the AllOriginal Hour to interesting sports, muscle, and luxury cars, there was definitely something for everyone at ennsylvania's Carlisle remains a utopia to the tens of thousands of automotive hobbyists who trek to the fairgrounds at vary- some fairly incredible prices to boot. A 1975 Mercedes-Benz 280C in a period triple-green color combi- nation and with just 33,000 miles on the clock sold for under $15,000 Thursday night, while a 1976 Rolls-Royce Silver Shadow in an at- tractive pearlescent white changed hands for under $9,000 on Friday. To benefit the Chip Miller Charity, the Millers offered one of their former Bondurant Racing 2003 Corvette C5s on Friday night, a car that brought just over $15,000 and was perhaps the best value of the night. The high sale was another Corvette, but this one a 1956 model that had failed to sell at this site the previous October. It was an older restoration but likely a good driver and found a home for $54,600, proof positive that early V8 Corvettes have lost little traction even in these financially challenging times. Carlisle's loyal attendees continue to prove that the hobby is stronger than fears about the economy. While totals were down from the previous year, both the bidders' seating area and the seating area for the crowd cheering on the buyers and sellers were filled, and given the quality of lots on offer, it's little wonder that founder Bill Miller was pleased with the way the weekend went. ♦ $500k $1m $1.5m $2m $2.5m $3m Sales Totals 2009 2008 2007 2006 62 Sports Car Market

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Carlisle Auctions Carlisle, PA ENGLISH #F164-1960 MG A roadster. S/N HDK4372384. Black/black cloth/red leather. Odo: 2,979 miles. A former winner of Radnor Hunt Concours d'Elegance. Very slight mottling under lustrous paint, bodywork excellent throughout, chrome and brightwork without issue. Interior overdone in red leather, no top or bows present at this sale. Engine compartment exhibits similar but not visually identical MG B 1800-cc engine and 4-speed transmission. Cond: 2+. SOLD AT $38,850. Last seen at Bonhams & Butterfields' Greenwich sale in June '08, where it failed to sell at $25,000 (SCM# 116962), and then at RM's Vintage Motorcars of Hershey, where it sold at $35,200 (SCM# 118269). I thought this was all the money for an MG resto-mod last fall, so this can be considered an even better sale here. #F177-1976 ROLLS-ROYCE SILVER SHADOW saloon. S/N SRE23726. Pearl white metallic/magnolia leather. Odo: 28,857 miles. Older pearl white respray heavy in places and cracking lightly, chrome and brightwork older but well preserved. White jambs solid and do not match finish. Interior nice but shows it was redyed from a darker color. Wood appears redone. Engine bay clean but dryer air inlet duct detracts and will not last long. Engine runs dry, seats exceptional, door panels cut for speakers and could be better. Carpet original and pulling away from the sides, engine compartment undetailed but unusually complete, with all original emissions equipment still present. Recently serviced. Cond: 3. SOLD AT $3,360. Last seen here this past fall, when it failed to bring $5,000 (SCM# 118054), this MG B was cut loose at just $3,200 and commission across the block, having aged and not improved over the winter. Slightly well bought, but with plenty of miles on the clock, a British car hobbyist will always have something to do along with the occasional country drive. #F237-1984 ROLLS-ROYCE SILVER SPUR saloon. S/N SCAZN42AXECX09098. Anthracite Gray/black Everflex/dark gray leather. Odo: 51,420 miles. Older respray heavy with some clearcoat damage, prep issues, and other spots. Rust evident under vinyl roof. Rubber seals petrified, rear window resealed with a tube of silicone. Right rear taillamp not detailed and engine sounds very strong. Cond: 2-. NOT SOLD AT $12,000. The likable part about this bus is that it was not restored, let alone overrestored as so many are, and it did not feature any free rust in the bargain. Since these were popular in central PA and the Northeast until rotting into two or more separate parts, it's rather interesting that the bidding didn't get out of the high range for a similar Beetle. Seller was wise to hold on for now. #T70-1975 MERCEDES-BENZ 280C coupe. S/N 11407312104805. Cypress Green Metallic/Stone Pine Green/green MB-Tex. Odo: 32,945 miles. Amazing original paint, trim and interior stellar. Chrome and brightwork likewise without typical scratched or clouded anodized trim common to this model. Engine bay exhibits use and maintenance, but no attempt at detailing makes a much more genuine smoothly, a/c blows cold. Cond: 3+. SOLD AT $9,135. I was interested enough in this to fire it up to make sure that both brake warning lights went off. They did, and it was reasonably presentable throughout. Bidding was light, and surprisingly, the reserve came off at the end of interest in the room. Well bought. #F204-1979 MG B convertible. S/N GHN5UL488087G. White/black vinyl/black vinyl. Odo: 6,283 miles. Older white respray performed well but is beginning to lift around the edges, black vinyl top correct and looks much more recent. Rubber bumpers and trim 64 broken. Seats average, wood on doors worse, dash wood still shiny. Engine compartment cleaner than expected. Cond: 3-. NOT SOLD AT $11,250. All the bids on this car should have been on the Silver Shadow. This was a mess and a half, and if the cosmetics were so neglected, one can only assume the mechanicals were also needy. All the money and more for this example. GERMAN #F209-1969 VOLKSWAGEN TYPE 2 microbus. S/N 229235905. Red/white steel/ tan vinyl. Odo: 79,663 miles. Unrestored oneowner original bus sporting very presentable paint that might be original in places. Nice chrome and brightwork definitely original and well preserved. Interior very tidy if somewhat yellowed, 1970s CB and 8-track festoon the dashboard. Engine bay appears maintained if Sports Car Market impression. Cond: 2+. SOLD AT $14,700. I said this was well bought back in December '08 when it was at the Raleigh Classic, selling for $9,180 (SCM# 118889). The seller made a cool $5,000 plus turning it around here in Pennsylvania. Slightly well sold, but a cool period German car in this area will always ring the bell, so hats off to the enterprising dealer who took it home. #F215-1976 MERCEDES-BENZ 450SL convertible. S/N 10704412030294. English Red/parchment cloth/parchment MB-Tex. Odo: 110,157 miles. Original red car with fright-pig repaint shows tape marks and overspray on

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Carlisle Auctions Carlisle, PA trim. Repaint did not include removal of rear license plate, which was masked off. Chrome and brightwork distressed original, rubber on bumpers similar. Interior tidy but cheap imitation seat covers replace original vinyl or leather. Dashboard surprisingly intact, original wood decent. Chrome wire wheels, Michelin X radials. Engine bay shows no effort made to clean up body shop dusting from paint job. Cond: 3-. SOLD AT $3,990. While a wet-sanding might shine this up—along with some new parts and perhaps an old set of Bundt alloys—this SL was from one of the worst years for the car and was not an attractive example for any purpose I could think of. Cheap, perhaps, but one of the most frightening pigs at this sale. Well sold. #F172-1982 MERCEDES-BENZ 380SL convertible. S/N WDBBA45A8CB009938. English Red/tan cloth/tan vinyl. Odo: 121,436 miles. Recent red respray to a moderately high standard. Some dings and dents look mainly like hail damage. Chrome nice, brightwork cloudy. Driver's seat flat, passenger's seat lumpy. Wood on dash and console original with Engine compartment just as nice as interior and exterior. Cond: 2+. SOLD AT $36,750. This looked almost incomplete as it crossed the block without its top, and the seller quickly explained that he had the top there but couldn't get in and out of the truck when it was fitted. The restoration had a few slight indications of wear, but the crowd loved it, and they surprised many, including the seller, with their generous bidding. Well sold. some cracks. Engine bay clean but undetailed. Cond: 3. SOLD AT $7,350. A red Mercedes ragtop with both hard and soft tops, yes, but the early 3.8 V8s have a single-row timing chain and are notorious not just for being very slow but also for whipping the chain out one or both cam covers. Price was more than generous for condition, age, and the above to boot. #T3-1985 PORSCHE 911 Carrera coupe. S/N WPOAB0919FS12732. Black/burgundy leather. Odo: 84,271 miles. Very presentable original paint, with typical chipping to mirrors and front valance. Factory front and rear spoilers correct, original interior very presentable as well, with only light wear to driver's outer bolster. Engine bay exhibits maintenance but no restoration. All in all, a very honest package. Cond: 2-. SOLD AT $17,325. For the third car out on Thursday, this was a nice, original piece. I've bought and sold a few nice Carreras like this with similar miles, and this is how I like them: 66 with all materials correct and showing little to no wear. Instruments very crisp and clear. Engine bay not detailed but remarkably clean and smooth-running. Cond: 2-. SOLD AT $20,738. They're only this original once, and with just one repaint evident on the entire car from new and mileage that was believable, this was a stunner. Well bought for the condition and preservation displayed. #T90-1947 CADILLAC SERIES 62 4-dr sedan. S/N 8445738. Black/tan & gray mohair. Odo: 57,697 miles. Original paint throughout, some loss from clean but not original, high-rise Edelbrock intake manifold and aftermarket carburetor fitted. Cond: 3. SOLD AT $54,600. Last seen here in October '08, when it failed to sell at $40,000 (CM# 118076). With just four more miles on this one since last fall's appearance, not much changed here except that the title delay was gone and the car sold for a reasonable amount of money, despite its many needs. Not sure where one goes with this except as a driver, and with a 3-speed, that represents an additional challenge. Slightly well sold. #F217-1956 FORD THUNDERBIRD convertible. S/N P6FH342772. Royal Blue/ white vinyl & hard top/black & white vinyl. Odo: 98,334 miles. 312-ci V8, 4-bbl, auto. Older restoration well-preserved throughout. Paint uniform, door gaps wide, chrome and brightwork redone but now exhibiting light spidering and pitting. Good glass throughout, engraved accessory wind wings and monogrammed porthole window trims a personal Sports Car Market #F196-1932 CHEVROLET CONFEDERATE 2-dr sedan. S/N 2987365. Dark blue & black/black vinyl/tan cloth. Odo: 19,538 miles. Older repaint of an otherwise amazingly original car. Chrome and nickel excellent for the age and appear not to have ever been replated. Interior stunningly original, sehr fahrbereit—ready to drive. Fair price on what is a good used car. AMERICAN #F208-1931 FORD MODEL A roadster pickup. S/N A31H6363. Maroon & black/tan cloth/black vinyl. Odo: 7,659 miles. Gorgeous restoration with uniform finish throughout. Painted rims with chrome wires and yellow pinstriping a great look. No pesky sidemount spares or top (as it crossed the block), a few nicks and chips are all to complain about. polishing to left front fender top. Chrome original and scratched, but with little pitting evident. 1960s-era white sidewall spare in trunk, 1980s radials on the car wheels. Original interior well preserved, front seat covered by period seat cover. Engine compartment slightly crusty but decidedly unrestored. Cond: 3. SOLD AT $7,875. A nice period piece without the usual rust found in this region. Cars like this will always draw a crowd. This was a cheap way into the barn-find club, and it'll also tour well. A good buy at the price paid. #T38-1956 CHEVROLET CORVETTE convertible. S/N E56S004000. Sportsman Red & white/tan vinyl/tan vinyl. Odo: 67,655 miles. 283-ci V8, 4-bbl, 4-sp. Non-original motor. Older repaint very wavy throughout, with light sags and dirt in coves. Fair amount of filler in rear quarters, interior may be original or part of a long-ago light restoration effort. Carpet appears correct if older, bumpers and brightwork appear original and rather pitted. Engine bay

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Carlisle Auctions Carlisle, PA touch. Interior remains very fresh with only 1980s Blaupunkt stereo under dash detract some from originality. Engine compartment reflects recent care and preservation. Cond: 2-. SOLD AT $16,275. This was an unusual combination of hot rod flair and nice preservation. I wish cars that featured such high-quality originality would be left alone or improved along those lines. If this was to be the next hot custom, someone ran out of money. The selling price was very generous given the lack of a clear direction here. Well sold. #F203-1964 BUICK RIVIERA 2-dr hard minor cleaning needed. Engine bay tidy with good detailing. Cond: 2-. SOLD AT $27,300. While overall a nice car, this blue and white example would take a special sort of early Thunderbird enthusiast. I'm not a big fan of salmon or mint green either, but this combo did nothing for me. Slightly well sold due to the age of the restoration and the current state of the early 'Bird market. #T66-1959 DODGE CORONET 2-dr hard top. S/N M312142034. Red & white/black cloth & red vinyl. Odo: 80,637 miles. 325-ci V8, 4-bbl, auto. Older restoration completed about 20 years ago and still exhibiting a uniform finish, with age and use only slightly evident. Chrome lightly pitted and scratched, with some overbuffing present. Interior very top. S/N 7K1118329. Light green metallic/ black vinyl. Odo: 8,067 miles. 425-ci V8, 4-bbl, auto. Ancient light green respray mismatched between hood and front fenders. Rear quarters wavy, many panel edges rusty. Overspray evident on trim, chrome and brightwork original and pitted in places. Interior tidy, seats likely redone in the 1970s judging by the material used. Engine compartment surprisingly complete and nearly presentable. Cond: 3-. SOLD AT $7,875. While a barn find, this was a wellused car prior to re-emerging from said barn, and it had little originality left. It appeared solid overall, but a restoration would likely put the new owner upside down in a hurry, even at this slightly well bought price. well preserved and well-executed when done. Engine compartment restoration dates to same time as exterior work. Cond: 2-. SOLD AT $30,975. It's always good to bring a Southern car to the Rust Belt, especially if it's from a part of the south not known for rust and subsequent Bondo. This car had that going for it and found an appreciative home on the first night of the sale. Well sold. #F193-1962 CADILLAC SERIES 62 2-dr hard top. S/N 62G107178. Light tan metallic/ light tan vinyl & cloth. Odo: 2,798 miles. 390ci V8, 4-bbl, auto. High-quality paint and body with custom stripe motif on hood and deck lid, shaved door handles, antenna, and other light custom details. Chrome redone, brightwork also very tidy. Original interior very presentable, though Dakota Digital instrumentation and a also redone a while back in incorrect but intact vinyl. Wood steering wheel sticks out like a sore thumb. Engine bay nicely prepared including cast Falcon-script valve covers. Cond: 3+. NOT SOLD AT $15,000. A late 1970s or early 1980s restoration that's not to everyone's taste, and while the Falcon V8 was the forerunner to the original pony car, this was a pony in a field of horses. The high bid should have been enough to be considered for the age of the work done and the needs noted. 68 vinyl interior dry, center console chrome pitted, wood wheel nice. Engine compartment shows lengthy and extensive preparation with tasteful use of Mopar accessory bits. Cond: 3+. SOLD AT $25,200. There was no claim of the powertrain being original here, but it was an original 4-speed car. Even if a 383 had rolled off the line in this car, it wouldn't have had dual quads or this much jewelry under the hood. A nice local show or cruise-in speed demon for sure, and while not terribly bought here, the price was a bit surprising. Well sold. #F219-1966 CHEVROLET CORVETTE Custom convertible. S/N 194676S103084. Two-tone blue metallic/white vinyl/blue vinyl. Odo: 50,981 miles. 427-ci V8, 4-bbl, 4-sp. Unusual 1980s custom job in the spirit of the GM concept cars. Pop-up headlights and front Sports Car Market #F180-1964 FORD FALCON Futura convertible. S/N 4H127168464. Dark green metallic/tan vinyl/black vinyl. Odo: 30,334 miles. Older repaint shows age but commensurate care, tan top has alignment issues over windows. Chrome and brightwork partially redone, with some pitting and scratches evident, especially around top boot surround. Interior Older interior kit shows wear, steering wheel wrap and spare paint can on transmission hump raise eyebrows. Engine spray painted blue with contrasting black inner fenders and firewall. Cond: 3-. NOT SOLD AT $8,900. If you were looking for a Mustang in the late 1970s and walked onto a used car lot in Pennsylvania, you'd likely see a car like this, complete with the quick spray can treatment under the hood, if not all over the body. Price was perhaps a little light for condition, but not much. #F191-1966 PLYMOUTH SATELLITE 2-dr hard top. S/N RP23G65105603. Maroon metallic/black vinyl. Odo: 22,324 miles. 383-ci V8, 2x4-bbl, 4-sp. Finish clean and uniform with slight color shift and orange hue. Light overspray on some trim. Body claimed to be from California, with no visible rust and good panel fit. Chrome redone, brightwork original with average wear. Possibly original black #F220-1965 FORD MUSTANG coupe. S/N 5T07C136428. Red/white vinyl. Odo: 22,853 miles. 289-ci V8, 2-bbl, auto. Newer red respray not to the greatest standards, with poor color matching of headlamp surrounds and some body fit issues noted. Chrome and brightwork older, several replacement parts mixed in. Rear glass scratched, other glass OK. Mismatched modern radials on steel wheels.

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Carlisle Auctions Carlisle, PA bumper deleted, quad rectangular lamps fitted to front grille. Bodywork exhibits waviness in places. Interior more stock and without major wear. Rear bumper remains and is presentable, along with limited remaining brightwork. Bigblock Chevrolet mill of unknown origin exhibits good detailing but has at least one bad mount, as fan has gone through the radiator shroud at least once. Cond: 3+. SOLD AT $30,975. A bigblock and a 4-speed along with some unique looks seems like fun, but single-circuit brakes give me pause. While the new owner will need a fresh two-tone Members Only windbreaker, Porsche Design sunglasses, and perhaps even a Benetton hat, this still represents a good bit of fun for the money as a driver. #F182-1966 CHEVROLET IMPALA SS convertible. S/N 168676D130773. Lemonwood Yellow/black vinyl/black vinyl. Odo: 31,040 miles. 396-ci V8, 4-bbl, auto. Fresher yellow paint uniform in quality but getting a bit crackly around the edges. Body straight without much ripple in quarters. Possibly original or older chrome replating has light flaws, brightwork pitted and scratched, convertible top likely re- placed at time of paint. Possibly original interior with column-mounted tachometer crudely clamped on. Hasty older engine bay detailing still decent, with factory a/c fitted. Cond: 3+. NOT SOLD AT $21,500. This was one of those interesting cars in an attractive color that just hadn't had much attention in years. The note on the windshield about the big-block and newer 700R4 automatic left a lot of questions unanswered, and the high bid should have been enough to have gotten this done. #F154.1-1967 PLYMOUTH GTX 2-dr hard top. S/N RS23L71169157. Yellow & black/black vinyl/black vinyl. Odo: 97,528 miles. 440-ci V8, 4-bbl, auto. Fresh restoration to a high standard, straight and even body, vinyl top very correct and without flaws. Chrome and brightwork restored with only a few scratches found, interior redone as well, though driver's seat exhibits a heavy sag. Engine compartment nicely detailed but a few loose ends remain. 70 Sports Car Market Engine compartment detailed for show, but the 454/360-hp air cleaner tells the honest story. Cond: 2+. NOT SOLD AT $40,000. There will be remnants of the Clone Wars among wellrestored muscle cars for many years to come, but the results will be tougher on the consignor each and every time, as an incorrect car is no more than a fun driver that's likely going to fool very few who look at it. This was nicely done, and for a convertible, the price might have been a little light—but not by a whole lot. #F154-1968 CHEVROLET CAMARO SS 396 coupe. S/N 124378N392530. Corvette Bronze/black vinyl. Odo: 29,779 miles. 396-ci V8, 4-bbl, 4-sp. Once part of the Floyd Garrett museum collection. High-quality restoration, claimed to have matching numbers. Paint exhibits slight dirt and prep issues only made obvious by harsh light and overly shiny finish. Cond: 2. SOLD AT $30,450. Parked inside the expo center right next to the bathrooms and the exit ramp from the stage, nobody missed seeing this GTX. The attractive color and power combination made this a pretty easy decision when the reserve came off right at the top bid. Well bought and sold. #F165-1967 CHEVROLET CAMARO SS 396 convertible. S/N 124677N242722. Tuxedo Black/white vinyl/white vinyl. Odo: 56,171 miles. 454-ci V8, 4-bbl, 4-sp. Highquality paint and body restored to better than new. Originally a 325-hp SS 396. Chrome and brightwork show well, with slight fit issues to trim. Interior comprehensively restored, aside from original shopworn climate controls. Chrome and brightwork restored with only slight overbuffing. Poverty caps, painted steels and Redline tires give a period look. Very light detail issues present in interior. Engine bay nicely and correctly detailed. Cond: 2+. NOT SOLD AT $52,000. The story went that the original purchaser did order the Camaro in Corvette Bronze, so even the color was right, but there simply wasn't anyone here hot enough to take this big-block 4-speed correct Camaro home. I would have expected a little more enthusiasm over this quality piece. #F239-1968 CHEVROLET CHEVELLE 300 Deluxe 2-dr sedan. S/N 132278Z136379. Light blue metallic/black steel/black vinyl. Odo: 66,315 miles. 502-ci V8, 4-bbl, 4-sp. Lower light blue metallic finish executed to a high standard, black roof finish pitted and very heavy. Chrome and brightwork restored nicely and without issue. Bone stock basic interior nearly perfect. Engine compartment cannot hide giant GM 502-ci big-block, but it was made to look as correct as possible. Cond: 2. NOT SOLD AT $36,000. Dick Balsley, who ran the GM Heritage Collection and Fleet until last fall, would take a blasé 6-cylinder car like this out of the collection, fit it with a big motor like this, and then take it to SEMA, but it would come back and be re-Stovebolted. Dick wouldn't have put the Yenko badge on the back, either, but we knew this wasn't a recent escapee from Sterling Heights. I liked this, as did many for its simplicity and cleanliness, but the high bid was all the money for a bitsa—even a good one. #F207-1968 FORD MUSTANG GT convertible. S/N 8F03S149430. Yellow & black/ black vinyl/black vinyl. Odo: 34,968 miles. 390-ci V8 4-bbl, 4-sp. Older yellow repaint shows light age issues. Chrome and brightwork redone or very good originals with only light scratching and discoloration. Interior partially original, some wear to console evident. Engine bay could use redetailing, but Marti reportdocumented a/c and power steering and all the usual accessories present and in good condition. Cond: 2-. SOLD AT $47,250. Documentation,

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Carlisle Auctions Carlisle, PA documentation, documentation—a Marti report made it gospel that this particular car was one of just 34 with power discs, power steering, power top, and a/c from the factory A 4-speed big-block high-horsepower Mustang ragtop for under $50,000 in nice shape sounds pretty good before you get to all that, so I'd say this was slightly well bought. With a little more detailing, it could be even better still. #F181-1969 BUICK SKYLARK convert- ible. S/N 444679Y198001. Red/white vinyl/ white vinyl. Odo: 31,425 miles. 350-ci V8, 2bbl, auto. Newer red respray wavy at rear quarters and showing light ripples up and down each side. Poor driver's door fit, other gaps decent. Chrome and brightwork distressed heavily in some areas and worse under headlamps. Newer cut into rear interior quarter panels. Engine bay restored at some point in the past and shows age and use. Cond: 3+. NOT SOLD AT $26,500. A nice ragtop for a weekend driver but hardly fresh, with plenty of needs noted. That, along with a lack of documentation, made the high bid seem very generous for this car's condition. The seller might have thought twice about turning down this high bid. #F183-1970 OLDSMOBILE 442 con- white convertible top still looks good. Original interior shows fading and wear to seats, dashboard intact. Engine bay in driver-maintained condition. Cond: 3-. NOT SOLD AT $9,200. This car was a textbook twenty-footer—the closer one got, the worse the car became. It looked good enough to achieve this much under the lights on stage, but for some reason this price wasn't enough for the seller, who should regret the opportunity he passed up. #F205-1969 FORD MUSTANG Mach 1 fastback. S/N 9T02S189175. Pastel Gray & black/black vinyl. Odo: 77,148 miles. 390-ci V8, 4-bbl, 4-sp. Beautiful finish partially original on all-original body. Chrome Magnum wheels with Wide Ovals give it a killer stance. Chrome and brightwork appear restored throughout, interior very tidy and features wood wheel and folddown rear seat. Engine compartment fully and correctly restored with factory a/c and power vertible. S/N 344670E115601. Yellow/black vinyl/black vinyl. Odo: 11,443 miles. 455-ci V8, 4-bbl, 4-sp. Older full restoration shows its age, with some body fit issues throughout. Hood high at rear, doors creaky. Chrome and brightwork redone, rear bumper wavy. Convertible top nice, interior could be original or part of an older kit. Engine bay shows age and use, as well as evidence of recent removal without redetailing. Cond: 2-. well under five figures. While nothing special, it was a well-preserved, low-mileage example that would benefit from a new hobbyist taking over the detailing. Well bought and sold. #F201-1979 ZINK 14 Formula Super Vee racer. S/N 14. Yellow & aluminum/black plastic. Very tidy vintage formula Super Vee run by the Carlisle guys. Up-to-date logbooks and six pro race wins under its belt. Body and wings straight, engine tidy but not detailed, older Hoosier slicks might have a race or two #F195-1970 PLYMOUTH ROAD RUNNER convertible. S/N RM27N0G123327. Dark green metallic/black vinyl/black vinyl & cloth. Odo: 67,339 miles. 383-ci V8, 4-bbl, auto. Older repaint and decals still present well. Original chrome and brightwork show wear, pitting, and scratching. Incorrect vinyl and corduroy interior, passenger's seat has a large split seam, speakers left. Cond: 3+. NOT SOLD AT $10,000. The Zink is a cheap way into vintage racing, if you fit, and it's also cheap to keep going, given its VW watercooled powertrain. However, I don't normally see the vintage racing crowd at this sale, so I think there's more left elsewhere if they take this on the road. #F202-2003 CHEVROLET CORVETTE NOT SOLD AT $58,000. The consignor stood by the car and loudly proclaimed how the engine and transmission recently required overhauling, and that he went to bat for all of it. However, he also conveyed that he did all of this hastily and under a heavy degree of frustration. The high bid seemed overly generous regardless of these circumstances, so it's unclear why he didn't get clear of the car at that price. #F173-1979 CHEVROLET CORVETTE steering intact, though older overflow bottle could stand replacement. Cond: 2. NOT SOLD AT $42,500. A nice Mach 1 in an unusual color and with a nice, if lightly documented, history. Why the high bid wasn't enough to get the job done escapes me entirely, unless the consignor has been living under a rock since early 2006. The upside is that this may be considerably more affordable if it comes back to this venue during the next year or so. 72 coupe. S/N 1Z8789S410191. Red/red vinyl & leather. Odo: 57,082 miles. 350-ci 195-hp V8, 4-bbl, auto. Nice older red repaint on undamaged original bodywork attests to claimed single owner history. Limited brightwork still shines. Interior and weatherstripping a bit scruffy, early 1980s Pioneer stereo further dates the last improvements. Some engine compartment reconditioning evident, with some paintwork, a sticker kit, and air cleaner from an earlier model. Cond: 2-. SOLD AT $8,925. It was a surprise when the reserve came off and this example sold very tidy and still race ready. Engine bay very tidy. Cond: 2-. SOLD AT $16,275. With new red Corvettes for the Miller's racing efforts already on the track, the old cars had to go. This one was auctioned off to benefit the Chip Miller Foundation. When the reserve came off at $15,000, I reached for my bidder pass and then realized I had been working so hard I forgot to register. Such is life. ♦ Sports Car Market Bondurant coupe. S/N 1G1YY22G635119740. Yellow/black cloth. Odo: 31,904 miles. 5.7-liter 350-hp fuel-injected LS1 V8, 6-sp. Ex-Bob Bondurant Phoenix school car with GM factory history prior, now wearing Carlisle graphics. Body excellent with no evidence of any damage, Bondurant name still visible in paint. Some wheel rash from hard use apparent. Interior

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Bonhams Monte Carlo, MCO Les Grandes Marques á Monaco The Ferrari F40 LM Competition reached $1m and applause could be heard, but the 333 SP which followed missed its mark Company Bonhams Date May 18, 2009 Location Monte Carlo, Monaco Auctioneer James Knight Automotive lots sold / offered 46/92 Sales rate 50% Sales total $6,209,906 High sale 1990 Ferrari F40 LM Competition, sold at $1,302,075 Buyer's premium Monaco sale was well represented by grand marques indeed Report and photos by Jérôme Hardy Market opinions in italics casino, 80 years of Grand Prix racing through the streets, and last but not least, the annual Bonhams “Grandes Marques” auction. The sun shines 290 days a year, the Mediterranean Sea is calm and warm, and Monaco is tax-free. You can see why 3,000 of the wealthiest individuals on earth live here. There was no Historic Grand Prix this year, and com- M petitor RM Auctions had its Maranello sale on Sunday, May 17. So Bonhams held its sale on Monday, May 18, rather than on the weekend as in the past, with previews on Saturday and Sunday. Ninety-two automobiles awaited visitors in the large, airy museum, and Matthieu Lamoure and the Bonhams crew placed the stars of the show center stage, including three race cars: a 1990 Ferrari F40 LM Competition, one of two ordered by French importer Pozzi, which was the high sale at $1.3m; a 1965 Porsche 906, immaculate in its original green livery, which sold at $782k; and a 2003 Ferrari 575 GTC, ex-Works, which failed to sell. Pre-war machinery was represented by a 1938 BMW 328 roadster in immaculate condition (sold at $507,600), an imposing 1938 Rolls-Royce Phantom III that graced Pebble Beach in 2006 but which did not sell, and a 1924 76 onaco, the tiny Riviera gem between Italy and France, is famous for many reasons. Grace Kelly, James Bond at the Delahaye custom-built double phaeton in very good condition, also unsold. Another attraction was three English automobiles in fire-truck red Monte Carlo, MCO livery, including a beautiful 1954 Jaguar XK 120, which made $93,150, a 1934 SS1 tourer, and 1936 Jaguar SS 2½-liter Sport saloon, neither of which found new homes. Only three cars had mid-estimates above $1m, as there were no bigticket items like the Bugatti Type 55, which sold here in 2008 for $2.3m. Whether this was Bonhams's conscious strategy or a lack of expensive cars for sale, it minimized the risk of failure, such as in Gstaad. The average car midestimate was $155,000—half 2008's $320,000. Because of the museum's limited space, this was a “picture on screen” sale, taking away some of the fun. The first true collector car was a 1955 121 LM replica in the form of a splendid Ermini 357 Sport Barchetta, which failed to sell. However, the catalog cover car, the F40 LM Competition, reached the $1m bar and applause could be heard for the first and last time. This was soon followed by the Ferrari 333 SP that missed its mark. The room was packed and filled with a tension very different from 2008. Selling or buying expensive cars now requires more sweat, hard work, and risk-taking. By 7:30 pm, the results were in, with 46 cars Sales Totals sold—a 50% sale ratio. Total sale was $6.2m, about 50% of the mid-estimate of the catalog. The ratio was roughly the same as last year, but because the average car value was half as expensive, the end result was also half (vs. $12.6m in 2008). Prices are back to 2007 levels. ♦ $3m $6m $9m $12m $15m 2009 2008 2007 2006 2005 15% up to $202,500, 10% thereafter, included in sold prices ($1.35 = €1.00) Sports Car Market

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Bonhams Monte Carlo, MCO ENGLISH #267-1934 JAGUAR SS1 tourer. S/N 247989. Red/black canvas/beige leather. RHD. Odo: 61,238 miles. Restored to high standards in the late '90s, barely used since and still very presentable. Panels fit OK with doors requiring some effort to shut well. Hood aligned. Red paint good but slightly heavy, interior could benefit Beach in 2006 and still immaculate inside and out. Rear end looks better in pictures than in person, with a peculiar line inflection between top and fenders. Nonetheless, a statuesque automobile in classy black livery. Cond: 1-. NOT SOLD AT $308,000. The Grandes Marques sale is geared toward sports cars, and something like this one may have been been appreciated a bit more at Rétromobile. High bid was light by at least $50k. from more detailing. Engine bay and undercarriage clean. A 4-seat car with a small side-valve antiquated engine. Touring, not sport. Cond: 3+. NOT SOLD AT $84,000. This car failed to sell at RM's Monterey sale in August '04 for $65k in the same condition with 90 fewer miles on the odo (SCM# 34825), so it hasn't been driven and might need some mechanical reconditioning. The high bid was generous enough for a slow, red, early SS1 with potential needs. #259-1936 JAGUAR SS 2½-Liter sport saloon. S/N 1083250699. Red/beige leather. RHD. A Czech car its entire life. Frame-off restoration to good standards in 2005. Panels excellent, fire truck red paint surprising but of good quality. Chrome, wheels, and rubber asnew. Modern horns. Interior retrimmed with restored gauges. 0 km on the odo, “Prague Classic Car Center” plate on rear. Engine bay #257-1952 NASH-HEALEY LE MANS roadster. S/N 2245. Eng. # HNA1158. Silver/blue canvas/red leather. Odo: 53,124 miles. Coachwork by Pininfarina. Restored in 2002 in Holland to very good standards. Still shows well with excellent panels, paint, chrome, wheels, and new soft top. Interior redone with original radio. A good example Rochester sale in August '08 (SCM #117413). Price paid was fair for all parties. #230-1971 ASTON MARTIN DBS V8 coupe. S/N DBSV810161LC. Green/blue leather. Odo: 65,720 km. Mostly original but for old respray mismatched to blue leather interior. Nicks and dents in paint, front bumper dinged. Mags good, glass unmarked. Interior faded, with dirty carpet and modern radio. Not a sizzling car. Cond: 3. SOLD AT $83,835. Sold 10% above the high estimate, which I thought was really high given the condition. Maybe I missed something here. This money can buy you a very nice V8, so this needy example was very well sold. FRENCH #224-1961 FACEL VEGA HK500 coupe. S/N HK1BM8. Black/red leather. Odo: 86,238 km. 383-ci V8, 2x4-bbl, 4-sp. One of about 500 made between 1958-61. Balanced design with the U.S.-Style panoramic windshield and the desirable 4-speed Pont-a-Mousson gearbox. Restored in 2000 by world-famous Lecoq and still excellent inside and out. Deep red leather in a nice color combination. Cond: 2+. NOT SOLD AT $95,000. A truly identical car, in the same color inside and out and with the same oversized wood steering wheel and also from Dutch provenance—but with a different chassis number—was sold by Bonhams at its Monaco sale in '07 for $100,913 (SCM #45696). Some roadsters have sold in the U.S. at around $200k in '07 and '08. I feel that these cars are more appreciated in the U.S. than in Europe, despite their Pininfarina lineage, and with that in mind, this could have sold. #275-1954 JAGUAR XK 120 roadster. S/N spotless. Excellent condition and an attractive car—if you like red on pre-war cars. Cond: 2+. NOT SOLD AT $81,000. Missed the low estimate by $20k. A concours winner in a more conservative and appropriate black livery sold at Bonhams' Chichester sale in September '08 for $140k (SCM #117821). Otherwise, a #3 is $40k. For a car in between those conditions, this money could have been accepted, even if restoration costs might exceed this number. #262-1938 ROLLS-ROYCE PHANTOM III cabriolet. S/N 3DL116. Black/black cloth/ black leather. Odo: 738 miles. Coachwork by Mazzara & Meyer. Originally a Hooper & Co Landaulet rebodied in the '50s in this 4-seat convertible configuration. Shown at Pebble 78 Sports Car Market 674138. Eng. # W92448. Red/beige canvas/beige leather. Odo: 47,927 miles. Recently restored to concours standards and still mint throughout. Very sober and nice with its minimum accessories, red-painted steel wheels, and whitewall tires. Interior new with excellent detailing, engine bay spotless, engine purrs like it should. Cond: 1-. SOLD AT $93,150. Sold where it should, as a similar red XK 120 in similar condition on chrome wires sold for $113,300 at RM's interior with matching wool carpeting shows a very high level of detailing. Cond: 1-. SOLD AT $142,830. These cars were some of the last coachbuilt automobiles, and this one was better than new in all respects. Expensive, but worth every penny at the high estimate. Well bought. #264-1971 CITROëN DS21 cabriolet. S/N 4648944. Black/beige canvas/brown leather. Odo: 77,673 km. One of 1,365 convertibles built by Chapron for Citroën between

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Bonhams Monte Carlo, MCO Recent Il Biscione sales on eBay Alfa Bits by Geoff Archer (All English within quotes exactly as presented by sellers on eBay.) #250366951671-1973 ALFA ROMEO SPIDER VELOCE 2000 convertible. S/N AR304250835840. Red/black canvas/ black leather. Odo: 37,000 miles. 5 Photos. Laguna Beach, CA. “Restored and modified for speed... No Rust ANYWHERE on this immaculate car.” Roll bar, new Yokohamas, and headlight 1960 and 1971. Late-series covered headlight DS21 with the larger engine and three-pod dash is the sleekest look of the group. A very complete unrestored car with some needs, including new paint, chrome, and upholstery. Cond: 3-. SOLD AT $89,500. Add $40k for new paint, chrome, and an interior, and you're still very far from the $205k that another example brought at Artcurial's Rétromobile sale in February '08 (SCM# 52005). A good buy. GERMAN #265-1938 BMW 328 roadster. S/N 85207. covers. “Pristine ragtop.” New dash. “Interior is super clean... 2000 cc engine with Dual webbers and a K&N Airfilter system. Race cams and Freshly done Borgo 10:4:1 Pistons and Liners... has the Alfa growl that I enjoy so much. It is fast, so if you want a grandma car, don't bid on this one.” 5 bids, sf 10, bf 29. Cond: 1. SOLD AT $10,000. Top dollar was well deserved given this one's low mileage and terrific condition. #250367331102-1982 ALFA ROMEO SPIDER VELOCE 2000 convertible. S/N ZARBA5416C1014821. Red/black canvas/tan velour. Odo: 81,114 miles. 18 Photos. Erwin, TN. Honest description includes, “I purchased a house and the car was left behind, so unfortunately I don't know that much about it.” Misguided custom bodywork includes sharp-edged oversized flares, fat turn signals, front bumper delete (but brackets remain), 3 hood scoops—2 of which look like clothes dryer Eng. # 85207. Gray/black cloth/black leather. Odo: 27 km. One of 426 built, of which about 200 remain. Simple and light, and today sought after by many rally contenders. Recently restored to very high standards, with excellent paint, chrome, glass, and interior. Has probably 22,127 km. Rotisserie restoration to a betterthan-new standard, with show car quality paint, as well as new rubber and chrome. Wheels and hubcaps perfect, interior as-new but for faded upper dash. Period radio and speaker, nice steering wheel with horn ring. Engine bay spotless. Cond: 1-. NOT SOLD AT $240,000. This bid was about $15k too low for the seller. The car was excellent, but in this market, $240k should have been enough. I'm not sure it will do better in six months or a year, and in the meantime, it can't be driven or its value will fade quickly. #202-1964 BMW 3200CS coupe. S/N 76225. Ivory/brown cloth. Odo: 64,866 km. One of 540 built, said to be one of 50 remaining. Attractive design, but paint shows issues and panels are misaligned. Worn cloth seats and door panels, dash and rest of interior OK. Said to have been in a museum in Israel for 20 years. Cond: 4+. SOLD AT $24,840. This car not seen the road since its restoration. Cond: 1-. SOLD AT $507,600. The price paid was just on the low estimate, and that seems correct given the current fashion of this car. BMW had five models in similar condition aligned on the Villa d'Este grounds just a few weeks prior to the sale. No risk here. #227-1960 PORSCHE 356B 1600 roadster. vents, “Alfa Romeo” trunk script on the hood, and a protruding snout that's more SP250 than 250 GTO. “The interior is in good condition.” Not running. 31 bids, sf 1, bf 121. Cond: 5. SOLD AT $2,000. Whether you are thinking swine flu or fright pig, the key Italian word here is “maiale,” or pig. I sure hope the new owner does not treat this maiale to a rotisserie. If he does, I'm not sure where he'll ever find an apple big enough to cram in there. Well sold at any price. #330323132334-1988 ALFA ROMEO GRADUATE con- vertible. S/N ZARBA5642J1062837. Red/black canvas/black leather. Odo: 37,800 miles. 18 Photos. Seminole, FL. “The mileage is 100% accurate. All body panels are straight and true with no dents or dings. The paint... shines brilliantly. There is no rust or corrosion.” Revolution rims with new tires look great. Wooden Momo. “Top is original and in fair condition. Starts easily and idles smoothly. Acceleration is smooth and strong. The clutch and transmission work in perfect harmonyno grinding of gears up or down... Drives just like it did when first purchased. This car has been carefully maintained and will not disappoint.” 17 bids, sf 41, bf 1. Cond: 2+. SOLD AT $7,000. A slight bargain on a very nice example. ♦ 80 of authenticity. Cond: 2. SOLD AT $131,963. Roadster prices have surged over the past three years, and this result was quite below several comparables, like a 1962 356B T-6 that brought $170,500 at RM's Monterey sale in August '08 (SCM# 117488) or a 1962 356B Super cabriolet that sold at $176,000 at Gooding's Pebble Beach sale in August '07 (SCM# 46536). The vintage Porsche market isn't what it once was. Fair value. #223-1963 PORSCHE 356B Carrera 2 coupe. S/N 122557. Gray/black leather. Odo: Sports Car Market S/N 87842. Eng. # 602592. Silver gray/red leather. Odo: 394 miles. Coachwork by Drauz. Rotisserie restoration to a high level. Close to concours paint and chrome, glass and rubber all excellent. New soft top, fresh interior without radio. A rare car in the right color combination. Comes with Porsche Kardex certificate in the same condition with 400 fewer km sold in 2002 at Poulain Le Fur in Paris for $10,261 (SCM# 29888). The good news was that it runs. A #1 car sold at Gooding's '07 Pebble Beach auction for $126k (SCM #47113), so there may be an upside here, as a restoration would not be that costly. BMW is working hard at promoting its past, so after restoration, this may be a good investment for not much money up-front. TOP 10 No. 8 #256-1966 PORSCHE 906 racer. S/N 906101. Eng. # 906101. Dark green/red fiberglass & aluminum. A Carrera 6 in good running condition with known history and good documentation. Last raced at Le Mans in 2006, but with minimal historic racing successes. Probably in much better shape than when delivered, with paint, glass, and wheels all excellent.

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Bonhams Monte Carlo, MCO Cond: 2+. SOLD AT $782,325. Expensive for a car without period racing success, but on the other hand, this is ready to provide the new owner with an exciting future. Finding another one in this condition will be difficult, so I'd consider this well bought. #211-1970 PORSCHE 911E 2.2 coupe. S/N 9110201859. Orange/black leather. Odo: 33,303 km. Flat fender coupe, best periodcorrect orange livery, peppier 2.2-liter engine. Nice partial restoration, with nice paint showing slight blemishes here and there. Panel fit Want a new and reliable roadster? Buy a Miata and you won't have to make any excuses. As long as the buyer is happy, so am I. Enjoy. ITALIAN #263-1928 ALFA ROMEO 6C 1500 Mille excellent, some chrome faded, interior redone with supple leather. Dash and gauges excellent. A desirable car for the 911 aficionados. Cond: 3+. SOLD AT $41,918. Sold at the low estimate. Many Porsche buyers would turn this up for a 2.4S, but some connoisseurs prefer the higher-lift cam of the 2.2-liter engine, although an E is not an S. Well sold in today's market. #232-1989 PORSCHE 911 Speedster. S/N WPOZZZ91ZKS152201. Guards Red/black leather. Odo: 66,900 km. One of 2,065 built in 1989 only, and those have likely had around a 90% survival rate. Typical look in Guards Red with turbo look rear fenders and black leather undercarriage clean. Cond: 2-. NOT SOLD AT $940,000. This barely missed the low estimate and came close to the more powerful but more common 6C 1750 Zagato. A similar 6C 1500 sold at Brooks' Monte Carlo auction in 1998 for $344,376 (SCM# 22416), and I think the high bid should have taken the car. interior. I doubt it is completely original with these miles, as it looks factory-new everywhere. Restored to factory standards with no visible faults. Cond: 1-. SOLD AT $71,415. This is expensive, but it's immaculate, and for those who need that, a premium is always required. The bonus is the easy-to-maintain 3.2-liter mechanicals. #201-2008 PORSCHE 356 Replica Speedster. S/N 118364648. Dark gray/beige canvas/beige leather. Odo: 95 km. An extremely well built new replica in an attractive color combination. High attention to detail and quality of materials takes away the kit-car feeling. Very well done. Cond: 1. SOLD AT $32,603. The first lot of the sale, and offered without reserve. I have no doubts that the price paid matched this car's build cost. I never understood the replica concept or state of mind. 82 #208-1948 ALFA ROMEO 6C 2500 SS cabriolet. S/N 915612. Eng. # 923703. Light green/light green leather. RHD. Odo: 20 km. Coachwork by Pininfarina. An SWB three-carb version rotisserie restored to concours standards in Holland in 2009 and unused since. Attention to detail excellent. Mechanicals redone, engine Miglia Speciale roadster. S/N 0231325. Eng. # 0211407. Red/burgundy leather. RHD. Odo: 8,367 miles. One of 24 1500 MMs built, and one of ten supercharged examples. Supposedly one of only three remaining. Competed in the Mille Miglia in 1928 and 1929 and then in 2005, 2006, 2006, and 2007, accounting for the addition of an electric fan. An important—if quite slow—racer. Fully restored to good standards and sorted out. Modern gauges added on dash, engine bay and it will probably be difficult to get more than $300k for a not-so-significant car that had lost all its originality. #206-1955 ERMINI 357 Sport Barchetta racer. S/N 1855. Eng. # 1556. Red/black leather. Pascale Ermini built Fiat-powered race cars from 1949 to 1955. Said to be the only one remaining out of three built, but there is at least another one on the web. An entrant in the Mille Miglia in '54 and '55, has participated many times in the modern evocation. In excellent condition and ready to be raced. Cond: 3+. NOT SOLD AT $390,000. As far as racing history goes, this one did not have much more than simply being there, and across the block, it missed the low estimate by $50k or so. Even at the estimated $460k, this would have been a bargain compared to a comparable Ferrari or Maserati, but the amount bid was still significant money. #255A-1957 LANCIA AURELIA B24S 6th Series convertible. S/N B24S1416. Eng. # 1534. Midnight Blue/black cloth & hard top/red leather. Odo: 83,461 miles. One of 521 built between 1956 and 1958. Restored to high level in 2002, driven and well maintained since. Panel fit, paint, chrome, glass, rubber all very good. Interior spotless with period radio. Missing park bulbs in headlights. Comes with hard top. More civilized and less racy than the Spider. Cond: 1-. SOLD AT $211,140. Last seen at H&H's Coventry sale in March '09, where it failed to sell at $147,000 (SCM# 119870). Here it sold at the high estimate, and deservedly so. A similar car in lesser condition without the hard top made $200,273 in February '09 at Bonhams' Paris sale (SCM# 119705), and with that in mind, this was well bought and sold. #207-1958 LANCIA AURELIA B20GT bay spotless. A show car. Cond: 1. NOT SOLD AT $280,000. The cost of restoration here had to be huge, which was the reason for the $340k low estimate. I felt it was over-restored, and while that might have worked in last year's market, timing is everything. In this market, Series VI coupe. S/N 3901. Eng. # 5215. White/gray cloth. RHD. Odo: 6,003 km. The last and most advanced series. One of 2,640 produced between 1951-58. Restored as much as possible, including mechanicals, chrome, interior, and gauges, but retains a classic car Sports Car Market

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Bonhams Monte Carlo, MCO #269-1969 FERRARI 365 GT 2+2 coupe. S/N 11483. Eng. # 11483. Dark blue/black leather. Odo: 2,527 km. Coachwork by Pininfarina. One of 800. The last “round” 2+2 following the 1961 250 GTE. Attractive in dark blue livery. Panels, paint, chrome all redone some time ago and still in good condition overall. Interior clean but for the presumably feel, thanks to soft paint and cloth interior. Panels excellent, interior tidy, undercarriage very clean. Well done. Cond: 2. SOLD AT $80,730. Sold at the low estimate. A 6th series B20 in similar condition sold at RM's Amelia Island sale in March '08 for $129,250 (SCM# 116072). Even with prices softening overall, I will call this one well bought. #240-1967 LANCIA FULVIA HF 1600 Fanalone Group 4 Rally Replica coupe. S/N 818130019952. Red & white/black velour. Group 4 replica well done with roll cage, extra lights, and all equipment. Slightly prepped engine. Ready to be used and enjoyed. Cond: 3. SOLD AT $35,708. This Ten-year-old restoration led to Best of Show at Concorso Italiano in '99. Has faded somewhat since. Panels and paint very good, some dry rubber, chrome and Borranis excellent. Interior well fitted with period Becker Mexico radio, engine bay and undercarriage clean. Cond: 2+. NOT SOLD AT $224,000. This missed its low estimate by about $30k. I feel that the Ghibli coupe looks better than the spyder, as it's more rakish in some ways. Spyders have sold at around $320k during the past two years (SCM# 116783 & 48106), either in 4.7-liter or 4.9-liter form, so this one deserved more. #220-1972 ALFA ROMEO MONTREAL original seats with slightly dry leather. Engine bay clean, matching-number engine sounds sweet. One of the most stylish ways to drive the family fast. Cond: 3+. SOLD AT $90,045. Although a bit more expensive, I felt this was a better buy than the red 2+2 that sold for $84,527 at Artcurial's Retromobile sale in February (SCM# 119671), as it had a great look in this understated color scheme. Well bought. #238-1970 LAMBORGHINI MIURA SV coupe. S/N 4868. Orange/black leather cloth. Odo: 6,807 km. The last evolution of the first supercar. One of 150 SVs built before the end of production in 1973. Rotisserie restoration in 2005-06 to high standards, still excellent throughout. Participated in a few rallies, so it is supposedly well sorted. Titled as 1970 S car sold in the U.K. at Bonhams' Chichester in October '08 for $42,090 (SCM# 117781) which was then considered a good deal by my SCM teammate Paul Hardiman. It was a featured car in Octane magazine in January '09, which made a successful road test and helped to advertise the sale of the car. Still, it sold here for $35k. A true bargain this time. #215-1968 FERRARI 330 GTC coupe. S/N 10985. Rosso Amaretto/black leather. Odo: 64,893 km. One of 600 built between 1966 and 1968. High level restoration with concours-quality paint. Interior very good but for veneer that would benefit from new varnish. model #4521, a scrapped car, as the result of #4868 being stolen back in the '70s. In a nutshell, a nice car with some stories. Cond: 1. NOT SOLD AT $475,000. This missed its low estimate by $50k. A few no-stories #1 condition SVs sold in '07 and '08 at prices between $800k and $900k (SCM# 117464 & 47149), while S models brought about half that. $550,000 sounds reasonable back then, but today? #217-1970 MASERATI GHIBLI 4.7 spyder. S/N AM115S1221. Black/black canvas/black leather. Odo: 37,682 km. One of 125 spyders built between 1969 and 1973. Undercarriage as new, engine bay spotless. An excellent example that fits between the sporty 275 GTB and the 4-seat 330 GT 2+2. Cond: 1-. NOT SOLD AT $175,000. Missed the low estimate by $25k. Even if Ferrari prices are softening, this one deserved more than the high bid, given its condition. If the owner can wait, he'd be wise to do so. 84 in the past twelve months and fully sorted out. One of the nicest original Boras available. Cond: 2+. SOLD AT $90,045. One of 571 built between 1971 and 1980. As usual, this was half the price of a more common 512 BB or BBi in equivalent condition. Still, it will never look as good as a BB, and the V8 will never make the same sounds as Ferrari's flat 12. Market correct. #218-1983 FERRARI 512 BBi coupe. S/N 51611. Gray/red leather. Odo: 2,826 km. Coachwork by Pininfarina. Original Euro-spec mint-condition car in an attractive color combination. Plastic still on sills, paint unmarked, engine compartment clean. The last of the Sports Car Market coupe. S/N AR1426457. Black/beige cloth. RHD. Odo: 8,371 km. Coachwork by Bertone. One of 3,925 built between 1970-77. In excellent condition inside, outside, and under, but some chrome is somewhat faded. Condition of driver's seat supports claimed low mileage. Fitted with Becker Mexico radio. Cond: 2+. NOT SOLD AT $50,000. The Bertone Montreal body has to be seen in the flesh to be appreciated. We've seen a number of these cross the block at prices in the $30k range, so for one with no real needs and a great overall look, this bid was within the correct range. #251A-1973 MASERATI BORA 4.7 coupe. S/N AM117432. Red/beige leather. Odo: 9,160 km. An unrestored original Bora with certified mileage. Close to factory new with the patina of a 35-year-old Italian. Driven 3,000 kilometers

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Our Cars 1978 Porsche 911SC 2+. SOLD AT $1,302,075. Sold close to high estimate. Difficult to value, but a few bidders in the room wanted to burn tires with this 850-hp full-grade weapon. As it's only one of two to ever see significant racing action in period, I'd call this a fair price for both parties. #236-2001 FERRARI 333 SP Prototype On the road Owner: Chris Rich, née Paul Duchene Purchase date: June 2009 Price: $10,750 Mileage since purchase: 3,398 Repairs since purchase: 0 Text message from Chris to Michael: “ebay bidding porsh 911SC r u ok for a road trip?” Chris Rich is a “British car guy,” so what's he thinking? He has a TR6, Sprite, and a Lotus Elan. Is he defecting? This is a 31-yearold car with 186,000 miles on the odo, and from Portland to New York is 3,400 miles. I'm Michael Pinkus, the “Porsche guy,” but I've been unlucky lately. My 1996 911 C4S drowned in a freak flood, then the engine in my 12,000-mile Cayman S was replaced. Maybe my bad luck has run its course. Chris convinced himself he had to own this Porsche. He said: “No sweat, the car originally belonged to Keith Martin, then Paul Duchene of SCM.” Enough said, auction won, flights booked. In Portland, one visual frisking of the Guards Red '78 Porsche and two weeks of eBay angst evaporated. A&P Specialties owner and 30-year Porsche maestro Al Blanchard had serviced this car through many owners and countless miles. It had all the right upgrades, including oil-fed chain tensioners, air box pop-off valve, Euro sealed-beam headlights, and a short shifter. As a bonus: Bilstein shocks, sports seats, and new tires. Blanchard walked Chris through the controls, switches, and gauges, and advised: “Check the oil when hot and running, never jump the battery, check the belt if the generator light lights up....” We pressed him about spares, special tools, and weak links, but he said we were good to go. So we went. (Visit www.sportscarmarket.com/911roadtrip for the rest of the adventure.)—Michael Pinkus ♦ series, and in this condition, likely one of the best originals available. Cond: 1-. SOLD AT $164,565. Well sold at the low estimate. This was expensive in today's market, as most 512 BBis in decent condition change hands at around the the $100k–$120k range. Still, this one was more or less perfect, so I can't fault the buyer. #212-1988 LAMBORGHINI COUNTACH Quattrovalvole coupe. S/N ZA9CA05A4JLA12320. White/red leather. Odo: 18,512 km. U.S. model converted to Euro specs in 2007 with Euro small bumpers and some mechanical tuning. Shows well inside and out, with unmarked wheels and very clean engine bay. The '80s poster child with huge rear wing and fender flares. Cond: seat configuration. Cond: 1-. NOT SOLD AT $924,000. Missed the low estimate by $50k. RM failed to sell a similar car at its Maranello sale in May '08 at $773,350 (SCM# 116791). The value of these cars might go up when they become eligible for the Ferrari Classiche, which means 2011 for this one. If the seller can hang on to it for now, he might do well to wait and see. AMERICAN 2+. SOLD AT $119,543. Sold above the high estimate. I witnessed a European model in similar condition but in a better suited bullish red color fail to sell in February at Artcurial's Paris sale at $110,500 (SCM# 119672). This price was a little expensive in today's market, but I think the buyer will still do all right in the long run. Well sold. TOP 10 No. 4 #234-1990 FERRARI F40 LM Competition coupe. S/N ZFFGX34X0K0079891. Red/red cloth. Coachwork by Pininfarina. One of 19 LM-spec cars built, and one of two ordered by French importer Charles Pozzi and sent to Michelotto. Competed in five races in the U.S. with two podium finishes, has not been on the track since. After potential recommissioning, it will be ready to enter next year's Ferrari Classiche, where it should be a strong contender. Cond: #255-1965 CHEVROLET CORVETTE convertible. S/N 1946755119289. Red/black leather. Odo: 58,318 miles. 327-ci 400-hp V8, 4-bbl, 4-sp. Fully prepped Lingenfelter smallblock with all the modern goodies, including side exhaust, a 4-speed, and a Posi. Common in the U.S, but quite unusual on the French South Riviera and probably not appreciated racer. S/N 040. Eng. # 129. Red/black cloth. RHD. The second-to-last of 40 racers built between 1993 and 2001. Entirely rebuilt in '01 following a crash at its only race, retiring seven hours into the 2001 Daytona 24 Hours. Unused since and asnew. A detuned Formula One racer in two- Still miles from New York 86 as it should be by most. The perfect smiling tool, provided you have ear plugs. I heard this engine and it is a raw beast. Put together nicely and sorted out, with restoration costs exceeding $50k. Cond: 3. NOT SOLD AT $45,000. This one missed its estimate by $10k. This toy was all about the engine and having fun, not about car collecting. Nobody in the room was willing to shed $50k for it, and I would agree, as you can probably find the equivalent in one form or another on eBay Motors for a lot cheaper these days. ♦ Sports Car Market

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RM Auctions Novi, MI Classic Car Auction of Michigan The majority of the cars were purchased by dealers, and many of them said that keeping good stock in their inventory was becoming tougher Company RM Auctions Date April 24–26, 2009 Location Novi, Michigan Auctioneer Brent Earlywine & Frank Stapleton Automotive lots sold / offered 121/252 Sales rate 48% Sales total $2,102,530 High sale 1950 Flxible B9-48 coach, sold at $92,400 Buyer's premium Healey Mk III missed its mark at a $24k bid Report and photos by Phil Skinner Market opinion in italics E ven though the economy of Southern Michigan is in a tailspin, RM had no intention of giving up on the sale that launched this company's success in both its native Canada and the U.S. This was the city where their first sale south of the border took place and thus an essential annual pilgrimage to make. Staged at the modern Rock Financial Center, everything was held indoors and with an upbeat atmosphere. The eclectic groups of cars offered—everything from antiques and muscle to customs and rods both mild and wild, plus a healthy selection of anything else on wheels—kept the auction team on its toes. The majority of the cars were purchased by dealers, many of whom told me that keeping good stock in their inventory was becoming tougher, and that while sales might not be booming, customers are still looking for dream rides. Muscle cars, even decent real examples, were bring- ing about the same prices as 2004–05, while “clones,” “tributes,” “replicas,” or whatever you want to call a car that is something today that is wasn't when new, have taken some pretty severe hits. Oddities seemed to do well if they were presented well: One example was a no-stories 1957 Nash Ambassador hard top in pristine condition, which sold at $26,950. Michigan isn't high-end sports car territory, but those that showed up didn't fare that badly. A dozen of the 23 Corvettes offered at this sale found new homes, a decent early Datsun Z-car traded hands, and all three Ferraris offered were called sold, though none for any sort of record. Local promoter Ken Wallace worked hard to pull this sale together, and with impending disasters in the auto companies just around the corner, it was a wonder that anything sold. However, I didn't see any “dumping” or ultra-desperate sellers crying their way to the bank. Rarely does RM take a swing at anything and miss, and while this sale might not have knocked one out of the park, it managed to score. An inside source at RM told me there has been some dialing back of the overhead expenses and through proper management, this sale ended up in the black. Look for RM to return to Novi next year as well. ♦ Sales Totals $1m $2m $3m $4m $5m $6m $7m 2009 2008 2007 2006 2005 10%, included in sold prices 88 Sports Car Market

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RM Auctions Novi, MI ENGLISH #SP21-1938 ROLLS-ROYCE PHANTOM III Touring limousine. S/N 3CM117. Medium Blue Metallic/gray leather. RHD. Odo: 68,902 miles. Coachwork by H.J. Mulliner. Once stately and probably built to ferry about the elite of the London social scene. Fitted with dual enclosed sidemount spares, original Lucas signature headlights, and trafficators. Unusual soft trim application with leather to driver's seat and rear passenger compartment. Looks like it has been given a very cheap and cheerful respray a number of years ago. Interior wood work needs #SP53-1962 TRIUMPH TR3 B roadster. S/N TFC1710L. Light yellow/black vinyl/black vinyl. Odo: 80,203 miles. Restored in the past few years. Body fairly straight, but some minor dimples noted. Doors, hood, and trunk all fit to factory standards, bright trim with some minor scuffing, rear bumper with light scratching. Underhood nearly spotless. Fitted with period AM radio, fog lights, and original drum brakes. some immediate attention, soft trim also in need of replacement as it's starting to show its age. Cond: 4+. NOT SOLD AT $45,000. With a $150k-$200k restoration, which would be bringing it up to a presentable condition, you might have a car worth something in the $120k–$130k range. The body was solid enough, and if it had a history of royalty or other important owners or passengers, the restoration costs would be better spent—unless of course you just love the car and want to see the glorious old lady come back to life. Any more money than what was bid would be throwing good money after bad. #SP52-1954 AUSTIN-HEALEY 100-4 BN1 roadster. S/N 156609. Dark green/black fabric/black vinyl. Odo: 32,714 miles. Exterior looks great, with near perfect body panel alignment, tight interior, proper fitting top, and silver painted wires with fold-down windshield. However, engine compartment shows a need for detailing, and under the dash shows plenty of overspray and loose wiring. Cond: 3. NOT SOLD AT $24,000. This bid was a little below some of the current price guides. The car was not show-ready, with a lot of TLC required before it can live that part of its life. I did see at least one bidder on the car until it closed without the reserve being lifted, so with lots of pre-sale interest, I think this was the best money out there—especially in the region. 90 like it has been well maintained. Cond: 3. NOT SOLD AT $24,000. Pristine examples were right around the $100k mark a year or so ago, and $90k wasn't uncommon. The curve is not as dramatic for lesser cars, and this example really needed a major freshening and that will cost money. Even with values on a downward spin currently, this car still had a $30k potential, so unless the seller was going to miss a mortgage payment or needed to put food on the table, the decision to hold on to this car was wise. #SP113-1973 AUSTIN MINI COOPER sedan. S/N XA251N0926863A. White/black vinyl. RHD. Odo: 27,070 miles. Has the look of being built for fun, and of course the “Bozo T. Clown” signature on the doors doesn't have new. Cond: 2-. SOLD AT $25,300. While this wasn't anything like a record holder, it was hard to believe it was valued at the same level as an Austin-Healey or even an economy Ferrari. The new owner should be able to afford to do some freshening and detailing, which will probably happen if it was a dealer with his hand in the air. However, a private owner will probably keep it as-is, banking on the novelty of the beast. ITALIAN #SP109-1982 FERRARI 308 GTSi targa. S/N ZFFA02ACC0038843. Red/black vinyl/dark brown leather. Odo: 18,070 miles. Coachwork by Pininfarina. Early model year production with all the maladies sorted out. Original paint shows minor swirls, soft trim clean, seats show Sports Car Market Cond: 2+. NOT SOLD AT $22,250. A rather interesting “fill-in” model with a bigger engine. Perfect for racing when new, but many were abandoned in their youth due mainly to electrical issues. Now you can't find enough to meet the demand in the $10k-$12k range, a few step up to the upper teens, and few even venture to the $20k or above category. This was a premiere example and was well worth the bid, but not the $4k–$5k more the seller was looking for. #SP80-1965 AUSTIN-HEALEY 3000 Mk III convertible. S/N HBJ8L31264. Dark green/black fabric/black leather. Odo: 60,633 miles. Older semi-professional full restoration now starting to show its age. Light swirling in paint, scuffs to chrome including some bubbling on bumpers. The top boot patched, gauges still clear. Sony radio well installed, wood dash looks anything to do with that. Fitted with aftermarket Minilite wheels, engine tweaked and is said to be a blast to drive. Evidence of some light body repairs done in the garage with paint applied by any means possible. Cond: 3-. NOT SOLD AT $6,400. Hitting $6,000 on the block kind of took the “fun” out of this deal, as that seemed like serious money for this car. The seller was really looking for something closer to $9k before the sale, but he was willing to go home with $7k. He admitted he wasn't that anxious to part with his friend, so it's no surprise this didn't sell here. The high bidder should be able to find a better LHD example out there for this same price. GERMAN #SP54-1958 BMW ISETTA 300 coupe. S/N 498966. Light blue/dark gray fabric/dark blue vinyl. Odo: 20,719 miles. Body sound, few minor chips and some fish-eyes in paint, windshield sports wiper marks and a couple of minor pits. Chrome redone over small pre-existing pits. Seating area clean and door works well, engine seems to run out just fine with a minimum of blue smoke. Tires and wheels both look

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RM Auctions Novi, MI marks, etc. Upgraded audio system about the only visible modification. Cond: 2. SOLD AT $31,900. At this price, it's a relatively inexpensive way into Ferrari circles, and there's plenty of money left over for a nice red jacket with big yellow prancing horse on the back. A decent deal for both parties. acceptable wear and tear. Upgraded audio system, wheels look uncurbed, tire sidewalls show some discoloring but no cracking. Engine bay recently serviced and fairly clean. Cond: 2-. SOLD AT $35,200. For the condition, this price was pretty close to spot-on for the current market. There are a lot of other examples out there with much higher prices going unsold, and if they're much cheaper than this, you really have to do some digging on the car's history and maintenance before spending the money. #622-1988 ALFA ROMEO GRADUATE spider. S/N ZARBA5643J1062538. Red/black fabric/black leather. Odo: 28,214 miles. Used in the film “Prayers for Bobby” and autographed by Sigourney Weaver. Minor scratches to paint, some bubbling noted on lower regions. Equipped with Pioneer stereo system, passenger's door inoperative from inside or out. Cond: 3. SOLD AT $5,610. Last seen here in April '07, where it sold at $7,128 (SCM# 45178). Cheaper than a Triumph Spitfire and a lot more car, even though it needed a bit of work. More owners should be breaking out their tool kits in this market, and cars like this will give you plenty of practice. #SP108-1988 FERRARI MONDIAL Quattrovalvole 3.2 cabriolet. S/N ZFFXC26ABJ0075257. Red/tan fabric/tan leather. Odo: 25,848 miles. Decent paint appears to be from the factory, interior shows some crinkling and pedal wear commensurate with miles shown. Looks like the original owner didn't have many friends, as the other seats show little to no wear. Engine bay clean but not pristine, glass all factory original with no chips, cracks, have a working Moto-Meter as a bonus. Cond: 3+. NOT SOLD AT $8,100. Not all Model Ts were black, and not all Model Ts are worth their weight in gold, or silver, or even copper. This bid was more than fair for the car, especially when compared to other recent sales of nice Ts restored to this level. If it was owned by the same person who put the love and care into its restoration, they could hold on to it for a while longer, but I don't think I'd invest much in making it nicer. #SP23-1928 STUDEBAKER COMMANDER 4-dr touring sedan. S/N 4043068. Burgundy & black/black vinylized fabric/tan broadcloth. Odo: 69,321 miles. Full restoration at least ten to 15 years old. Loaded with all sorts of period extras, including dual side-mount spares, extra cowl lights, and grille guards. Paint shows a little bit of age but could be freshened, chrome and brightwork mirror bright, glass clear with no cracks or delamination noted. Mechanically appears to be ready to hit the road. Cond: 2+. NOT SOLD AT $31,000. Not technically a classic, but a grand car nonetheless. The block. Shifts well and clutch reportedly light to the touch. Cond: 3. NOT SOLD AT $40,000. First seen at Kruse Tulsa in June '04, where it sold at $31,590 (SCM# 34266). Seen again at Bonhams' Brookline sale in October '08, where it sold at $83,070 (SCM# 118454). A very welcomed member of the Cadillac-LaSalle collectors' circle. The seller was looking for something closer to $50k here, and maybe with a deep detailing and the right crowd it'll do enough to go to a new home. #SP103-1948 KURTIS KRAFT MIDGET racer. S/N 035. Red/black vinyl. Ready for vintage racing. Period-correct Halibrand wheels, engine topped with Meyer intake, Offy heads, hand-crafted exhaust, Winfield cam, and Johnny White windscreen. Fiberglass upper body, lower pan is original sheet metal. Full two-year restoration after being found in a barn. No verified race history, but has possible links to a number of drivers. Seller says it qualifies for vintage speed contests. Cond: 1. NOT SOLD AT $23,000. Seller was looking for something a lot closer to $30k, which, considering its condition, would have been AMERICAN #SP64-1926 FORD MODEL T 2-dr sedan. S/N 14495522. Olive Green & black/gray striped cloth. Older restoration probably done in the garage of a caring owner. Engine tidy but not show-quality, nickel plating on grille and other items showing some age, sheet metal as nice as when it came from the factory. One good sized scratch in paint on driver's door. Appears to workmanship was excellent, and the amount it must have taken to have restored this sedan even 15 years ago had to have been over the top. This bid did not come near what it must have cost to build the car, but I think the seller's decision to hold on to this “Studie” can only mean that he loves it more than the market says it should be loved. #SP22-1939 CADILLAC SERIES 61 convertible sedan. S/N 8294605. Black/tan canvas/red pleated leather. Odo: 49,507 miles. Older quality repaint, interior fabric appears to be original and fairly well preserved. Fitted with enclosed side-mount spares as well as original radio, heater, and clock on dash. Underhood complete but in need of deep detailing. Mechanically sound but needs some tuning as it was very hard to start before coming to the 92 Sports Car Market

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RM Auctions Novi, MI worth it in good times. He didn't complain about missing any mortgage payments or feeding the kids, so he can take it home and admire it while he works on his next project. Eventually this car will attract a buyer willing to pay more than this. #SP00-1950 FLXIBLE B9-48 motorhome. S/N 8735. Eng. # FB5075404. White & dark green/beige and gray fabric. Odo: 24,675 miles. The ultimate motorhome of its day, used on a few trips and then parked. Only fitted with a few updates along the way, like an RCA HiWay HiFi record player and and a few extra gauges. All appointments are period 1950, including early propane refrigerator, stove, and water heater. Fully contained and very well preserved. An excellent presentation. Cond: 3+. SOLD AT $92,400. Besides being the top-dollar lot at Novi this year, this was the one with the most interest. Several bidders traveled to raise their hands, but a phone bidder in Europe was reported to be the winner. An original and a great piece of roadside Americana. Well bought even at this price. #SP36-1954 MERCURY MONTEREY Sun Valley 2-dr hard top. S/N 54SL28589M. Two-tone green/green plexiglas/green & white vinyl. Odo: 77,463 miles. Professional quality body-off-frame restoration, bodywork beautiful with alignment at or above factory specs, interior done on a bit of a budget as the materials used were not like original. Engine compartment spotless, but engine was painted miles. 352-ci V8, 2x4-bbl, auto. Older cosmetic restoration with excellent exterior trim. Doors, deck, and hood all fit well, but some body panels do show a bit of age, especially the rear valance. Fitted with radio, heater, clock, dual exhaust, and dual rear antennas. Ultramatic transmission and self-leveling system both functioning as designed. Cond: 2. NOT SOLD AT $55,000. This car was no slouch. This was just not the right day or the right crowd. In recent months, The Worldwide Group sold a comparable 1956 at its Escondido sale for $66k (SCM# 120018), and I'd say this car's value should have been in the low $60k range. The seller was right in holding out for more. #436-1957 OLDSMOBILE SUPER 88 Holiday 2-dr hard top. S/N 578C01217. White/ red & white vinyl & black cloth. Odo: 81,437 miles. 371-ci V8, 3x2-bbl, auto. At first glance this car looked like a big white boat, but it was rather handsome up close. Stock wheels chrome plated, baby “Moon” hubcaps used. Excellent paint, all trim replated or polished. Fitted with original clock, heater, and three-piece triptych to match the car. Top shows no crazing, instruments clean and clear, chrome flawless. Started up with less than half a crank. Cond: 2+. SOLD AT $40,700. I recently saw a '55 version of this model top the $70k mark. The '54s are more common, so the values are a bit less. Great eye appeal, but with all the money spent on the restoration, shelling out for an authentic interior and correct underhood detailing would have brought more here. #SP14-1955 PACKARD CARIBBEAN convertible. S/N 55881366. White, black, & red/white fabric/red & white leather. Odo: 66,566 94 rear glass. Rockers a little wavy, dash cut to fit modern radio. Cond: 2-. SOLD AT $47,300. For a quality car, even in tough times, good money can still be found. This was right at the top of the market, and with the J2 triple-carb setup, it will not only look good but go fast, too. Most of the parts I didn't care for can be corrected, and even the radio's opening can be masked with chrome, the use of which was not spared when this car was new. #SP07-1964 CHEVROLET CORVETTE convertible. S/N 40867S108132. Ermine White/tan fabric/saddle leather. Odo: 35,799 miles. 350-ci V8, 4-bbl, 4-sp. Older high-quality cosmetic restoration. Paint very good, with no signs of stress or other cracking, but right headlight pod needs minor adjustment. Interior proper, with both inside and outside matching the build tag. Equipped with power steering, Sports Car Market lenses. Cond: 3-. SOLD AT $8,910. This model never was blessed with a hi-po edition, unless you count the spin-off Barracuda, so unlike a Falcon, which had the Sprint, or the Chevy II, which had a Nova SS, the Valiant was just a nice economical car to own and drive, much as it is treated in the collector car market. The seller had actually been looking for something in the $19k range, but thankfully he took the money and ran. #SP79-1966 CHEVROLET NOVA SS 2-dr hard top. S/N 117376N124212. Dark Teal Metallic/teal vinyl. Odo: 14,552 miles. 230-ci straight 6, 2-bbl, auto. Excellent paint, even if not an original flavor, interior done well in a matching hue. Surprising genuine six engine in an SS is very authentic in appearance. Interior well appointed with heater and AM radio, but some minor blemishes to power brakes, AM/FM radio, knockoff wheels, sidepipes, and even a bow-tie rearview mirror. Fitted with '67 disc brakes. Cond: 2+. SOLD AT $71,500. A couple of years ago, on a stage to the west, this might have seen six figures and been in the low $90k range in other places, but the market has pulled back a bit, and while cars like this have dropped, the seller should be quite proud of the money it brought. The new owner can expect appreciation on this purchase, but it might take a while. #449-1965 PLYMOUTH VALIANT Signet convertible. S/N V452695320. Medium tan metallic/black fabric/black vinyl . Odo: 63,461 miles. Older repaint of original color starting to show its age, interior appears to be original, top dates from 1993. Underhood undetailed. Fitted with radio, heater, and dual exhaust. Wornlooking dash panel, scuffed trim, crazed plastic

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RM Auctions Novi, MI brightwork detract slightly. Chassis and suspension all look factory-fresh. Cond: 2+. SOLD AT $10,010. A sweet buy for the high bidder, and the seller might have broke even on the investment if he did a lot of work on his own. With the economical six, mileage will be good, but the bigger, more powerful V8s continue to do 50% to 75% better in the marketplace. Still, a wonderful buy for the high bidder. #413-1966 CHEVROLET CORVETTE coupe. S/N 194376S119159. Blue & white/blue leather. 454-ci V8, 4-bbl, 4-sp. With the exception of the wheels and '67 stinger hood, a basically stock-appearing ride. Fitted with power steering, power disc brakes, aftermarket radio, and American Racing mags. Restoration completed several years ago, with a few nicks in paint today. This one had a big-block, a little body, and decent workmanship throughout, and in today's market, this price was right on the market. #SP03-1969 SHELBY GT350 fastback. S/N 9F02M482086. Grabber Blue & white/ white vinyl . Odo: 50,800 miles. 351-ci V8, 4-bbl, auto. Professionally restored during the late 1990s, has been basically a show-room stopper since then. Owner claims all drivetrain components original, with paint and Shelby factory sheets seeming to back that up. Some minor deterioration under the hood, but detailing and since. Chrome generally very good, underhood clean but not sterile. No signs of stress or other outer maladies. Cond: 2. SOLD AT $47,300. If you aren't concerned about authenticity and look only for appearance and power, this would have been the car for you. The seller didn't post the 454's horsepower rating and the odometer was obscured, but it really didn't matter, as the car had looks, sounded strong when driven to the block, and made both buyer and seller smile. Both well bought and sold. #SP37-1968 PLYMOUTH BARRACUDA Formula S 2-dr hard top. S/N BH23H8B153436. Dark red/black vinyl. Odo: 4 miles. 383-ci V8, 4-bbl, auto. Documented car with original fender tag and Govier authentication. Fairly fresh restoration, but it has not been handled with the greatest of care, with minor scuffing to chrome and some indications of paint having been dusted with a dry cloth. Several scratches noted in back glass. fresh decals would help. Cond: 2. NOT SOLD AT $60,000. Last seen at eBay/Kruse Auburn in May '02, where it failed to sell at $31,000 (SCM# 28200). The Shelbys are without a doubt the strongest Ford product in the muscle car realm, at times even out-performing the Boss 429. However, there's a huge selection of these Mustang-based street terrors, and these last editions have really taken a hit in this current market condition. In early 2007 this would have been in the $100k range, but I think in the right locale it might do $70k–$75k today. #619-1970 BUICK SKYLARK Custom convertible. S/N 444670H348819. Red/white vinyl/black vinyl. Odo: 46,672 miles. 350-ci V8, 4-bbl, auto. Older pro-level repaint in the original color needs some polishing, chrome trim shows some scuffing, light soiling to top and some weatherstripping needs to be replaced. Fitted with lots of goodies like power steering, power brakes, tilt wheel, and original AM/FM radio. 70,002 miles. 340-ci V8, 3x2-bbl, auto. Decent restoration is a few years old, has been shown around the southern Michigan and northern Ohio areas and has seen some minor deterioration from being moved around. Paint and panel gaps nice, rear valance panel a bit out of alignment. Fitted with AM radio, rim-blow steering wheel, heater/defroster, front disc brakes, and rally road wheels. Cond: 2. NOT SOLD AT $51,000. This same car was last seen at RM Novi in November '02, where it was a no-sale at $31,000 (SCM# 29411). While values of these cars shot close to the $100k mark, they have dropped, but to what level? Another example in similar condition but different color was bid to $61k, although it too was a no-sale. I'd consider today's market value close to the middle between these two non-selling bids. #SP82-1970 PLYMOUTH 'CUDA 340 2-dr hard top. S/N BS23H0E118392. Lemon Twist & black/black vinyl/black vinyl. Odo: 40,387 miles. 340-ci V8, 4-bbl, auto. Older cosmetic restoration in original color, numbers-matching drivetrain. Sheet metal gaps nice, paint in very good condition, taillights show minor pitting and hood pins are scratched. Fender tag was Govier decoded and everything looks factory, including Fitted with original AM radio, heater/defroster, Redline tires, and hood-mounted turn signal indicators. Cond: 2+. SOLD AT $41,800. While everyone went nuts for the 1970 'Cuda, these second-generation Barracudas had a few high performance variants, and these did not seem to get caught up in the muscle mayhem of a few years ago, making them even more attractive 96 Cond: 3. SOLD AT $11,220. Not a muscle car, but an average drop-top convertible. Bid was well within market range. Not a big winner for the seller, and not a major money maker for the buyer. However, this was not a bad car for the money, and its value may increase by a little bit over the next couple of years—maybe ahead of inflation if everyone is lucky. #SP66-1970 PLYMOUTH 'CUDA AAR 2-dr hard top. S/N BS23J0B289391. Lemon Twist & black/black vinyl/black vinyl. Odo: AM radio and Tic-Toc-Tach. Fitted with heater but no a/c. Interior shows some wear and tear. Cond: 2. SOLD AT $42,900. As muscle cars go, this was far from the most potent, but a 340 is plenty for the guy (or gal) who wants to go kind of fast, and the package looked great, with all the visual cues of a 440 or Hemi version. At the height of the mania, some of these 340s hit the mid-$60k level, but this price was closer to reality for the condition presented. Well bought and sold. #SP94-1970 SHELBY GT350 fastback. S/N 0F02M483000. White & black/black & white vinyl. Odo: 70,029 miles. 351-ci V8, 4bbl, 4-sp. A real-deal original car with proper pedal wear for the miles indicated. Exterior presentable as a preserved car, interior shows Sports Car Market

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Glovebox Notes 2009 Toyota Venza 4WD 5-door sedan A brief look at cars of interest that have passed through the SCM stable. HHHHH is best. #SP105-1972 CHEVROLET CORVETTE convertible. S/N 1Z67K2S502385. War Bonnet Yellow/black vinyl. Odo: 66,519 miles. 350-ci 300-hp V8, 4-bbl, 4-sp. Tired orginal car with little or no attempt at detailing. A number of paint touch-ups visible in older repaint, several bubbles in front end near headlights, panel alignment surprisingly good. Interior needs detailing Price as tested: $38,224 Likes: Elegant, sophisticated, but groaning with $10,000 of options, including 4WD, nav, 6CD player, Sirius, MP3, panoramic moon roof, back-up camera. 265-hp V6 delivers 0–60 mph in 6.7 seconds, 6-speed auto manages 25 mpg highway. Precise steering and handling, excellent brake feel, little road noise. Dual climate controls, all four leather seats recline. Useful 70-cu-ft capacity with rear seat down, power rear liftgate. Gripes: Give me a real “insert” key. Proximity factor of “ignition thing” makes it hard to tell if you locked it. Back-up camera a must to compensate for thick C-pillars, small back window. Fun to drive: HHHH Fun to look at: HHH Overall experience: HHHH Verdict: Pretty much a bullseye for a crossover. About six inches lower than Highlander; feels much lighter, becomes familiar and useful very quickly. Now build me a 35-mpg hybrid. 2009 Volkswagen CC Coupe aging such as splits on arm rests and wear and tear on panels. Equipped with power steering, disc brakes, orginal AM radio, alloy wheels, sport mirrors, NASA hood, and unique front lower valance spoiler. Cond: 3. NOT SOLD AT $45,000. The current owner has had the car since the late 1970s, when it was purchased from the brother of a Vietnam casualty. It was originally purchased in late 1971 after sitting in a showroom for more than a year. From the condition of the car, I wasn't sure if it was really for sale, as there was little or no detailing under the hood and minimal cleaning effort inside. The bid was soft, but even if it had been better by a third, I don't think it would have gone to a new home. #NR07-1972 OLDSMOBILE CUTLASS Hurst/Olds Indianapolis 500 Pace Car 2-dr hard top. S/N 3J57U2M308727. White & gold/black vinyl. Odo: 38,450 miles. 455-ci V8, 4-bbl, auto. Verified as one of the festival cars, options include sunroof, Hurst shifter, W25 hood, SSII wheels, factory AM/FM, a/c, 3.23 Posi, and all power equipment. Comes with and cleaning up. Fitted with manual steering and brakes, 3.36 Posi, and an aftermarket audio system. Cond: 3. SOLD AT $16,500. A decent buy in an early C3. This car was not nearly as nice as others, but it commanded a better price. I don't think these cars will be going down much more, barring a Presidential decree outlawing decadent sports cars, so the time to buy would be now. With the price paid, there's room left for detailing and cleaning up. #609-1981 CHEVROLET CHEVETTE 4-dr sedan. S/N 1G1AB6898A153728. Burnt Orange Metallic/Camel vinyl & cloth. Odo: 16,727 miles. A well preserved original car, with factory paint, interior, and chrome. One headlight bezel peeling, under the hood clean but not concours-ready. Fitted with basic AM radio, heater/defroster, and little else. Rust-proofed Price as tested: $28,225 Likes: Miniature Mercedes-Benz CLS for half price. Beautiful fit and finish. Remote actually works as an electronic key in the car. 200-hp direct-injection turbo 4-cylinder feels more like 250 hp. 25–30 mpg acceptable. Bentleystyle black and white interior suitably outrageous. Speed-variable power steering well sorted, 6-speed manual transmission a joy. Predictable handling, comfortable seats, minimal road noise, back seat OK for two, if they aren't tall. Spacious trunk. Gripes: Push-button electronic park brake feels like accident waiting to happen. Sirius reception could be better. Fun to drive: HHHH Fun to look at: HHHH Overall experience: HHHH Verdict: Handsome evolution of latest Jetta/ Passat designs attracts comment and questions. High fun factor. Feels well sorted and well built; if you're worried about how it will be at 80,000 miles, try a four-year lease. A worthy competitor to the Mazda 6. ♦ 98 build sheet. Graphics and paint have a patina of age. No detailing work looks to have taken place getting it ready for this sale. Autographed by Linda Vaughn. Cond: 3+. SOLD AT $21,010. When seen a year ago at this same sale, there was still a lot of excitement in the area about collector cars. Times have changed, and while some of the market has been stable, this car took almost a 50% hit, as it sold for $40,700 in 2008. The seller may have rethought his noreserve decision, unless of course he needed out of the car. from the dealer, originally listed at $6,047 when new. Cond: 3+. SOLD AT $4,290. This price was right on the market for this little car. While not too exciting, it's a part of our heritage, and had it been left to its own devices, it would have sunk into the ground by now. If gas prices go back up, this might not only be a novelty collector car, but also a viable means of transportation as well. ♦ Sports Car Market

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Worldwide Group Seabrook, TX Houston Classic Auction Selling seven-figure cars is a challenge; four were bid to that level but failed to meet sellers' expectations and went back to their trailers Company The Worldwide Group Date May 2, 2009 Location Seabrook, Texas Auctioneer Rod Egan Automotive lots sold / offered 68/106 Sales rate 64% Sales total $4,961,250 High sale 1936 Auburn 852 boattail speedster, sold at $291,500 Buyer's premium Wheels on the lawn, keels in the water Report and photos by Carl Bomstead Market opinions in italics d'Elegance at the Lakewood Yacht Club in Seabrook, Texas. The spectacular setting is located on Clear Lake just south of Houston and a few miles from the NASA facility. The area was hit hard by Hurricane Ike in September last year, and while some of the effects were still evident, Seabrook has really made remarkable strides in its recovery. The concours presents a wonderful selection of vin- W tage boats and collector cars, and spectators spend much time walking the docks and admiring the Chris-Craft and Century speedboats, along with the majestic 1941 57-foot Elco Serenity. Over 200 cars were presented on the lawn of the yacht club, and the decision for Best of Show was difficult. Peter and Merle Mullin's 1939 Delahaye 165 convertible was selected, although Chuck Swimmer's 1938 Peugeot Darl'Mat 402 roadster and Cathy Gauche's 1948 Delahaye were given strong consideration. The Best of Show for American cars went to Frank Ricciardelli's 1935 Duesenberg J dual cowl Phaeton. The Worldwide Auction, with its welcoming air- conditioned tent, unfortunately continued a market trend that finds selling seven-figure cars a challenge. 102 orldwide again held its Houston Classic Auction in conjunction with the annual Keels & Wheels Concours Four were bid to that level but failed to meet sellers' expectations and went back to their trailers. The striking 1936 Delahaye 135 S “Court” teardrop coupe was bid to $1.9m and was included in that group of four. For the most part, 1950s cars sold well, and a freshly restored 1953 Oldsmobile 98 Fiesta convertible went for almost $200,000 with some wheelin' n' dealin', after it stalled at $150,000 crossing the block. The colors were right and the restoration flawless, and to my eye the price was a bargain. A number of Cadillacs from the Sterling McCall Museum were offered at no reserve and sold well. A 1939 Cadillac V16 convertible sedan was of particular interest, as its massive 141-inch wheelbase and $6,110 price tag when new set it apart from anything else on the streets of the day. It sold for a reasonable $170,000, leaving room for the new owner to freshen it up a bit. The overall results reflected a worldwide (the geography, not the company) slide, as sales here fell by over $6m, compared to last year's $11.5m, and 31 fewer cars found new owners. Many sellers have not adjusted to the new market conditions and will find it difficult to sell when they are looking for last year's values. The Worldwide event and the Keels & Wheels Concours combine for an exciting carfilled weekend (having SCM's publisher Martin as emcee for both the boat and the car awards was a real plus this year), and this year the weatherman cooperated, with clear blue skies, moderate humidity, and a cooling breeze. ♦ Sales Totals $2m $4m $6m $8m $10m $12m 2009 2008 2007 2006 2005 10%, included in sold prices Sports Car Market

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Worldwide Group Seabrook, TX ENGLISH #74-1928 ROLLS-ROYCE PHANTOM I Boattail tourer. S/N 99EH. Maroon & aluminum/tan leather. RHD. Odo: 34,549 km. First bodied by Thrupp & Maberly, rebodied in the '50s as a replica Barker boattail tourer. Extensive engine work performed in early 2008. Mitchell overdrive installed for highway driving. Sold D-types can evolve out of this, but the restoration/construction will cost a ton. I think the seller should have taken the money and not looked back. #58-1959 JAGUAR XK 150S roadster. new to His Highness Prince Mdivani. Showing signs of age, so just driver quality now. Cond: 3. SOLD AT $110,000. I watched this sell at RM's Monterey sale in August '08 for $110,000 (SCM# 117491), and after moving it around the country and paying auction fees, this price represented a small loss. Well bought, as it'll be welcome at any RROC event. #51-1934 ROLLS-ROYCE PHANTOM II Continental drophead coupe. S/N 120SK. Ebony & French Gray/black fabric/taupe leather. RHD. Odo: 8,805 miles. Coachwork by H.J. Mulliner and Chapron. A well-documented car that has been maintained in its original configuration. Newer respray with a few scratches, windshield also shows some scratching. that won't bring home many trophies. Cond: 3. SOLD AT $112,000. These have been a bit soft of late, as they have been coming out of the woodwork for just about every auction. Considering this one's less-than-perfect condition, the price was fair for both sides... and I hope the new owner does something about that orange fender welting. FRENCH #79-1936 DELAHAYE 135S Competition Excellent leather interior with ebony veneers. Complete with books and records from new. Cond: 3+. NOT SOLD AT $360,000. Last seen at RM's 2008 Hershey sale, where it failed to sell at $430,000 (SCM# 118295). This is on the slippery slope to nowhere. Can you say shop worn? In real estate the first offer is very often the best one, and that sure applies here. #68-1955 JAGUAR D-TYPE Short Nose roadster. S/N XKD544. British Racing Green. RHD. One of 42 production D-types built. Unsold by the factory and fitted with prototype fiberglass body. Converted back to alloy body in the late '70s, F.I.A. papers obtained in 1981. In as-raced condition and offered with original fiberglass body. Cond: 4. NOT SOLD AT $2,250,000. What price history? Perhaps two 104 Teardrop coupe. S/N 46809. Eng. # 103J. Black/maroon leather. RHD. Odo: 5,395 km. The only alloy teardrop coupe by Figoni & Falaschi. Early racing history. Cotal pre-select transmission, short “court” wheelbase with competition modifications. Restoration from early 2000 still shows well, with just minor paint issues and touch-ups. A stunning example of Figoni & Falaschi coachwork. Cond: 2. NOT SOLD AT $2,000,000. The well-promoted cover car for the auction catalog. It has to be hard to say no to $2m, but this should S/N S830420DN. Eng. # VS10109. Carmine Red/black fabric/red leather. Odo: 13,830 miles. Jaguar Heritage Certificate. Orange fender welting most unusual. Trunk trim pitted, noticeable scratch in left front fender. Very nice interior, paint blemish on trunk. A driver wonderful wood trim. CCCA Senior First some years back. Cond: 3. NOT SOLD AT $180,000. French Blue is not the best resale color, but even so, the price bid was a touch light. The car had issues, and while the estimates may have been a bit aggressive at $260k–$290k, the car should have brought at least $200k, if not a touch more. GERMAN #99-1957 PORSCHE 356A 1600 Speedster replica. S/N S161. Red/black fabric/black vinyl. Odo: 2,295 miles. A fakey-doo replica speedster. Windshield cracked, rust bubbles in paint, cheap interior and top do not fit well. No have brought more. A 135MS sold for $1.7m at Bonhams Carmel sale in August '06 (SCM# 42661), and the teardrop is much more striking. I wonder if another quarter million would have done the job? #43-1947 TALBOT-LAGO T26 Record cabriolet. S/N 100365. French Blue/gray fabric/tan leather. RHD. Odo: 2,646 km. Wellmaintained older restoration. Wilson pre-select transmission, unique window shades. Dash knobs deteriorating, older respray holding up well with minor swirls noted. Good brightwork, worries about this one being confused with the real thing. Cond: 4. SOLD AT $22,000. All the money here for a needy replica. The car had lots of issues, and none of them would be all that easy or cheap to fix. Very well sold. ITALIAN #46-1951 FERRARI 340 AMERICA coupe. S/N 0126A. Red/black leather. RHD. Odo: 6,312 km. One of two bodied by Touring. Older restoration still showing well, with only a few small paint chips on hood. Plexiglas quarter windows, non-original 340 block. History from new, once owned by Charlie Chaplin's son. Well maintained. Cond: 2. NOT SOLD Sports Car Market

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Worldwide Group Seabrook, TX known example, once in the Henry Austin Clark Collection. 84-volt electric motor with four forward and reverse gears. Tiller steering, dash-mounted jump seat. A significant car. Cond: 2. SOLD AT $85,800. Rauch & Lang built electric cars from 1905 until 1920. It's hard to say how much is too much to pay here, as this is the only known example extant and it's a unique piece of American automotive history. A fair transaction all the way around. #30-1922 FORD MODEL T Texaco Tanker AT $1,000,000. Last seen at RM's Monterey sale in August '05, where it sold at $973,500 (SCM# 39216). The seller was looking to do better than just breaking even on his four-year ownership, so he turned down the offer. In the current state of things, that may have been a mistake. Time will tell. S/N AM1011453. Silver gray metallic/black fabric/red #54-1963 MASERATI 3500 GTi spyder. leather. Odo: 46,620 miles. Coachwork by Vignale. One of only 2,223 GTs and GTis produced between 1957 and 1964. Cost $13,000 when new. Restored in the early '90s and well maintained since, with generally decent paint and Borrani wires. A touch Wood spoke wheels, decent interior, tanks hold 120 gallons of product. Cond: 3. SOLD AT $33,000. Just the thing if you have a restored Texaco station out back. The price paid does not seem like a lot of money for a unique truck if you have a need for it. Texaco is big in Texas, so maybe an employee bought it to show off in the parking lot. above driver quality. Cond: 3+. NOT SOLD AT $200,000. The GTi replaced the GT's three carbs with Lucas fuel injection. Last seen at Gooding's Scottsdale sale in January '08, where it sold at $253,000 (SCM# 48781). It was either bought to flip or the owner found an issue he didn't want to deal with. Either way the value is heading south, and he will have to take his lumps if he needs out. AMERICAN #85-1914 RAUCH & LANG MODEL R Electric roadster. S/N 50398. Black/black fabric/tan wool. Restored some 40 years back, but still shows well inside and out. The only signs of age. Fleetwood coachwork rather than Fisher. An attractive Full Classic in unusual livery. Cond: 2-. SOLD AT $214,500. In today's market, I'd say that this was a fully valued sale. I would, however, suggest that in a different color, it might have done a bit more, as Emerald Green is not everyone's favorite on a big Full Classic. #40-1932 PACKARD 903 Deluxe Eight coupe roadster. S/N 193219. Eng. # 194115. Burgundy & silver gray/tan fabric/maroon leather. Odo: 69,152 miles. Older restoration 106 Sports Car Market #27-1931 CADILLAC 370-A V12 Dual Cowl Sport phaeton. S/N 1001774. Emerald Green/tan canvas/beige leather. Odo: 26 miles. Older restoration of a striking V12 Cadillac. Fitted with trunk rack and dual Trippe lights, chrome sidemount covers and hood vent doors a bit much. Paint presentable but showing Incorrect air cleaner, reproduction hood ornament. A very striking and desirable Duesenberg. Cond: 1-. NOT SOLD AT $1,250,000. Last seen at Barrett-Jackson's Scottsdale auction in January '08 with brown livery, where it sold at $1.1m (SCM# 48527). A quality Duesenberg that will bring more when the market picks up. The seller is in no rush to sell the car, and I'm willing to bet he'll get his money at some point down the road. #21-1933 LASALLE 345C sedan. S/N 2001330. Beige & Dove Gray/tan fabric. Odo: 65,554 miles. Introduced to fill the gap between Cadillac and Buick, and advertised as built to Cadillac standards. Very nice restoration appears fresh, excellent paint with roadster pickup. S/N 6827269. Black/black vinyl/black vinyl. Restored some years back as a Texaco delivery truck. Reproduction Texaco porcelain signs, quickie respray on oil cans. still very presentable. Older AACA and CCCA awards. Dual sidemounts and stoneguards. Older respray shows a few minor issues. Very nice interior, engine bay clean and tidy. Cond: 2. SOLD AT $253,000. Desirable Full Classics are holding their own in this turbulent market. Wonderful styling on this open Packard will garner all kinds of attention at the next CCCA CARavan or Grand Classic, and the price was fair to both parties. #57-1933 DUESENBERG MODEL J Dual Cowl phaeton. S/N 2355. Red & black/ black fabric/red leather. Odo: 2,809 miles. La Grande was a name created by Duesenberg for bodies from Union City Body. Distinctive side panel sweep into door. Recent high quality respray, excellent brightwork, flawless interior.

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Worldwide Group Seabrook, TX crack at right front door handle. Exceptional interior fitted with rear vanity set. Front Trippe lights. An excellent tour car. Cond: 2. SOLD AT $37,400. All 1927-1933 LaSalles are Full CCCA Classics, and they're sleepers in the CCCA world. Often overlooked in favor of their big brother, they are an excellent value. This example was finished in attractive livery and was well restored, and at this price, it was an excellent buy. #81-1936 AUBURN 852 Supercharged boattail speedster. S/N 5266. Red/tan fabric/ beige leather. Odo: 79 miles. AACA National First from 1976. Fitted with Watson centrifugal supercharger. Older respray showing signs of age with spidering and cracks through- $415 option. Quality restoration with little to fault. Minor paint touch-ups, wonderful interior, correct air cleaner. CCCA National First #2325. Cond: 2. SOLD AT $198,000. Quality examples sold recently for twice what was paid here. Considering this one's condition, I'll call this extremely well bought. It wasn't so nice that it couldn't be driven, so the new owner can have at it. #77-1938 BUICK MODEL 80 Roadmaster sport phaeton. S/N 13383019. Taupe/white canvas/brown leather. Odo: 47,022 miles. One of 350 Sport Phaetons, once owned by the President of the Buick Club. Older body-off restoration still shows well, but some noted issues include cracking and spidering paint and out. Whitewalls yellowing, door fit slightly off, engine bay shows signs of age and use. Chrome headlight buckets fitted. In need of a little TLC. Cond: 2-. SOLD AT $291,500. This failed to sell when it crossed the block, but the Worldwide crew went to work and made it happen. Considering the needs noted, this was a fair price, so no concerns here. #47-1936 FORD STANDARD Woody wagon. S/N 82797048. Gray & wood/black vinyl/brown vinyl. Odo: 165 miles. Older restoration still shows well. Roll-up front windows, curtains in back. Paint acceptable considering it's an older respray, interior shows well, rear window molding gouged due to window handle. Interior dash knobs worn, window delaminating. Fitted with dual sidemounts and fog lights. There's work to do to bring it back to its former glory. Cond: 3. SOLD AT $72,600. These have a select following, and decent open examples have been selling in this range, so no harm done here. #22-1939 CADILLAC 39-90 V16 con- vertible sedan. S/N 5290067. Dark green/tan canvas/tan leather. Odo: 65,235 miles. One of only eleven V16 convertible sedans with roll-up windows. Older restoration shows a few issues. Paint for the most part very acceptable but shows some chipping on sidemounts. wood has signs of age and use. Fitted with 1940 Ford juice brakes. An attractive woody. Cond: 2-. SOLD AT $69,300. This won't bring home many awards, but it is an attractive driver that will be fun at Woody meets and tours. A fair price considering the condition. No issues on either side here. #56-1937 CORD 812 Supercharged pha- eton. S/N 31766H. Cigarette Cream/black cloth/red leather. Odo: 60,009 miles. Classic Gordon Buehrig styling. Equipped with Schwitzer-Cummins supercharger, which was 108 rather than Hydra-Matic. Attractive tan leather interior. Cond: 3. SOLD AT $82,500. Skirts were a $17.50 option in 1941. A number of these were restored in assembly line production in Alabama a few years back, and this had the look of their work—attractive, but don't look too closely at the details. Price paid seemed a bit strong, so I'll call this well sold. #82-1950 MERCURY MONTEREY coupe. S/N 50SL99716. Raven Black/yellow Sports Car Market brightwork, very nice leather interior. Not as elegant or as desirable as the '41 Packard. Cond: 2-. NOT SOLD AT $77,000. The 160 was a step down from the 180, but both are CCCA Full Classics. Several examples of the Packard 120, which is the Junior series, have recently sold for more than what was offered here. Based on those sales, I'd say this 160 should have brought a bit more. Another $5k or so should have been enough, and I'm surprised it didn't happen. #23-1941 CADILLAC SERIES 62 con- vertible sedan. S/N N31309034. Maroon/tan canvas/tan leather. Odo: 92 miles. Older restoration showing signs of use and age. Orange peel in paint, blemish on right fender skirt, hood fit off a bit. Taillight housing pitted, body filler visible here and there. No fog lights, stick Rear wood window trim gouged by window handle. Clean engine compartment From the Sterling McCall museum. Cond: 3. SOLD AT $170,500. This will get attention at most any car event, and the V16 badges tell folks that it's something special. You could spend a whole lot more for a lot less of a car, so I'd say this deal was fair all around. All should be happy here. #53-1940 PACKARD 160 Super Eight convertible sedan. S/N A2304599. Maroon/ tan cloth/maroon leather. Odo: 13,893 miles. Restored several years back and still presentable, but driver's door has a half inch gap at bottom. Paint well maintained but shows a few swirl marks and minor touch-ups. Good

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Worldwide Group Seabrook, TX with much attention to detail. Carburetor tags all aligned. A very strong presentation. Cond: 1-. NOT SOLD AT $250,000. These are well off their high of a few years back. Worldwide sold another for $440,000 at its November '07 Hilton Head auction (SCM# 47636), but recent auctions have seen these bid to just slightly higher numbers than offered here. vinyl/yellow & black vinyl. Odo: 41,023 miles. Mileage thought to be original. Extensive restoration in a unique color combination. Engine with period performance modifications including Edelbrock heads, dual carbs, and lots of chrome. Most went under the customizer's knife, so it's refreshing to see this outstanding example. Cond: 2. SOLD AT $53,900. Strong money here, but if this is something you lusted after in high school, then so what? A well-done example that brings back a lot of memories. Just the ticket for the 40th high school reunion. #78-1951 FORD CUSTOM DELUXE Country Squire Woody wagon. S/N B1EG141403. Mexicali Maroon & wood/tan vinyl. Odo: 48,201 miles. Older restoration with original wood and interior. Fitted with BA flathead V8. Driver's door handle missing, door fit uneven. Paint acceptable and showing only #72-1953 OLDSMOBILE 98 Fiesta convertible. S/N 539M40169. Regal Turquoise & Polar White/white vinyl/turquoise & white leather. Odo: 5 miles. One of just 458 Fiestas produced in the only year of production. Overthe-top fresh nut-and-bolt restoration exceeds factory specs throughout. Flawless leather interior, paint deep and smooth, brightwork Very nice interior with no issues. Small break in grille and blisters in front bumper chrome. Otherwise a strong presentation. Cond: 2. NOT SOLD AT $130,000. First seen at the Kruse/ Leake Tulsa sale in June '93, where it sold at $29,000 (SCM# 915). Seen again at Russo and Steele's Monterey sale in August '07, where it brought $143,000 (SCM# 46489). Last seen at Russo and Steele's Scottsdale sale in January '08, where it sold for $157,300 (SCM# 48591). Driven less than 200 miles since, but the grille damage was not noted before, so that may be new. Prices on these have not been very predictable, but $27k is a short haircut for owning a car just a touch over a year. #14-1954 CHEVROLET CORVETTE to a high standard. Undercarriage just as nice. Incorrect T-3 headlights the only flaw, as they were not used by GM until 1956. Cond: 1. SOLD AT $195,000. I thought this could go for half again as much, considering its outstanding condition. It stalled at $150,000 on the block, but a deal was made later in the afternoon at this price. Well bought. minor issues, glass not chipped or scratched. Radio delete. Well preserved and well presented. Cond: 3. SOLD AT $56,100. The price paid was under the money, so the new owner has room to take care of the issues. Could have sold for $10k more without concern. Chalk this one up for the buyer. #64-1953 CHEVROLET CORVETTE roadster. S/N E53F001153. Polo White/black fabric/red vinyl. Odo: 46,132 miles. 235-ci 150-hp straight 6, 3x1-bbl, auto. One of 300 first year Corvettes produced, extensive restoration completed in November '08. Bodywork and panel fit exceeds factory specs, excellent paint with no flaws noted. Engine spotless #36-1953 OLDSMOBILE SUPER 88 convertible. S/N 538W1794. Turquoise /black cloth/Oxblood leather. Odo: 49,298 miles. Older restoration that still appears fresh. Fitted with power windows, Autronic eye, skirts, and back-up lights. Orange peel visible in paint, Cond: 1-. SOLD AT $138,600. Last seen at RM's Fort Lauderdale sale in February '07, where it sold at $85,320 in 3+ condition (SCM# 44289). The seventh of the four black '54 Corvettes I've seen over the past year or so. All claim to be original, or at least that's the way the sellers bought them. This seems like a ton of money for an over-restored '54 that would be buried by Bloomington judges. door jambs not resprayed. Side glass missing window fur, engine compartment well detailed. Cond: 2. SOLD AT $68,200. The price paid was up there, but the car was worth it. If it had been a 98, it would have brought $5k–$10k more, but as such, a fair transaction all around. #66-1954 BUICK SKYLARK convertible. S/N 7A1102103. Carlsbad Black/black cloth/ red leather. Odo: 39,613 miles. Recent restoration to high standard. Very nice paint with minor buffing swirls, passenger's door fit off at top. 110 #91-1954 MERCURY MONTEREY Sun Valley coupe. S/N 54LA10104M. Park Lane Green/Bloomfield Green/Turquoise & Ivory vinyl. Odo: 74,806 miles. “Glass Top” Sun Valley coupe with seldom-seen accessory zip-in liner. Loaded with options including accessory steering wheel and power everything. Recent respray with a few minor blemishes, brightwork nice, undercarriage spotless. Cond: 1-. SOLD AT $88,000. An over-the-top price for an over-the-top Sun Valley. I doubt if you Sports Car Market roadster. S/N E54S002655. Black/beige fabric/red vinyl. Odo: 61,997 miles. 235-ci 155-hp straight 6, 3x1-bbl, auto. Recent frame-off restoration, paint exceeds factory spec by factor of two, door fit off at bottom and driver's door does not close properly. New interior properly installed. Stated to be one of four 1954s finished in black. Not judged by NCRS or Bloomington.

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Worldwide Group Seabrook, TX options and the nice condition, I'd have to say this was well bought. Could have brought another $5k or so without question. could restore one for what was paid here, so this was an example of paying a premium for a premium car. Can't fault the buyer's logic. Well bought and sold. #37-1955 OLDSMOBILE SUPER 88 convertible. S/N 558K21523. Red & white/white vinyl/red & white leather. Odo: 19,621 miles. Frame-off restoration. Loaded with goodies including power windows, power seats, power steering, and power brakes. Straight and solid body, smooth paint, wing windows #32-1957 FORD THUNDERBIRD convertible. S/N E7FH221598. Dusk Rose/black canvas/pleated black & white vinyl. Odo: 52,315 miles. 312-ci V8, 2x4-bbl, auto. Equipped with correct air cleaner, which is very unusual. Excellent paint and panel fit probably much better than new. Engine bay sparkles, with correct markings. Much attention to vinyl/3 tone vnyl. Odo: 80,042 miles. 283-ci V8, 4-bbl, auto. Equipped with Continental kit, flipper wheel covers, and dual rear antennas. Recent respray to a high standard, unusual vinyl top color, incorrect rear window application. Engine bay spotless, with correct markings. Cond: 2. SOLD AT $77,000. The '58s are not as popular as the Tri-Fives, but they're coming into their own. I wondered about that top, but still, the price paid was in line with the current market considering this car's very nice condition and sparkling engine compartment. #28-1958 CADILLAC ELDORADO Brougham 4-dr hard top. S/N 58P063101. Alpine White/stainless steel/white & black leather. Odo: 43,413 miles. 365-ci V8, 3x2-bbl, auto. Pillarless hard top with brushed stainless detail throughout. Shown once with a First in Class win. Cond: 1. SOLD AT $104,500. An exceptional “E-Bird,” with dual 4-bbl carbs, that sold for an exceptional amount. This was a case of paying the price and buying the best. I doubt if the new owner will ever regret the “extra” money he spent. #31-1957 CHEVROLET CORVETTE delaminating. Excellent brightwork, engine compartment detailed. A strong car. Cond: 2+. SOLD AT $60,500. A 98 Starfire convertible would bring another $5k or so, but I doubt if that car at that price will be as nice as this example. Considering the condition, this was a lot of Olds for the money. Well bought and sold. Smiles all around. #61-1956 CHEVROLET NOMAD wagon. S/N VC56L034400. Sierra Gold & Adobe Beige/tan fabric & vinyl. Odo: 2,432 miles. 265-ci V8, 4-bbl, 3-sp. Fresh exterior and interior. Stain on left front fender, paint blemish on right rear, panel fit good throughout. Loaded with options including wire wheel covers, power seats, and Wonderbar radio. Extremely rare remote outside mirror and locking gas cap. Engine detailed with correct markings. Cond: 2. SOLD AT $52,250. Considering the unusual to 1963–64 racing configuration, but fitted with non-original engine and transmission case. Numerous recent awards. Cond: 2. NOT SOLD AT $450,000. Extensive history and a quality restoration should equal big bucks, but bidding fell short here. It should be worth more considering all it had going for it, but the market did not think so on this day in Houston. #93-1958 CHEVROLET IMPALA convertible. S/N F58J235106. Ermine White/tan A striking Eldo that's not as garish as a '59. Cond: 2. SOLD AT $70,400. I watched this cross the block at McCormick's sale in Palm Springs in February '06, where the seller turned down $80,000 (SCM# 40944). Only two more miles had been added to the odometer since. Was most likely worth close to $90k three years back, and $70k today is the new market. Timing is everything. COPO racer. S/N E57S104387. Onyx Black/ red vinyl. Odo: 38,428 miles. 283-ci 283-hp fuel-injected V8, 4-sp. One of 43 Corvettes equipped with RPO 579E Rochester fuel injection. Extensive racing history with 24 victories and 55 top-three finishes. Quality restoration roof and air suspension. Right rear bumper chrome peeling off, paint nicked at trunk, dash worn, vanity set and door trim bezel missing. Three owners from new. Cond: 2-. SOLD AT $84,700. These stunning and unique Cadillacs are seldom offered, but when they show up they sell for a bit more than was paid here. The vanity set, however, is a $10,000 item, and they are almost impossible to find. At the price paid, the new owner can take care of a few issues while he combs the fields of Hershey looking for the vanity set. Well bought. #29-1960 CADILLAC ELDORADO Biarritz convertible. S/N 60E058743. Red/red leather. Odo: 18,914 miles. 390-ci V8 3x2-bbl, auto. One of 1,285 triple-carb examples built. Older restoration showing its age, with what appears to be rough body prep on tail fins and blisters on trunk. Complete with parade boot. 112 Sports Car Market

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Worldwide Group Seabrook, TX #95-1960 CHEVROLET IMPALA convertible. S/N 01867B123092. Roman Red/ white vinyl/red vinyl & houndstooth. Odo: 98,375 miles. 348-ci V8, 4-bbl, auto. Older respray with a few issues. Trim worn and pitted, side windows do not fit correctly. Equipped vintage racing clubs. Body in as-raced condition. Sold on bill of sale. Cond: 3. SOLD AT $44,000. This was hammered sold as it crossed the block, but Worldwide's early auction results showed it as a no-sale. Later on, it was back in the sold column, so a little behind-the scenesactivity might have taken place. Well bought, considering interesting history. #63-1978 PONTIAC TRANS AM coupe. with power windows, power seats, and power steering. Later a/c unit and AM/FM stereo installed. A striking car with a long list of needs. Cond: 3-. SOLD AT $45,100. The price paid here was all the money, considering the stacks of bills it will take to bring this up a notch or two. Well sold. #88-1960 PONTIAC BONNEVILLE convertible. S/N 860A3414. Eng. # 536387. Cameo Ivory/white vinyl/tri-color red leather & Morrokide. Odo: 54,169 miles. 348-ci V8, 3x2-bbl, auto. Rare combination of a/c and Tri-Power. Kelsey-Hayes eight-lug wheels. Decent paint, several scratches on rear bumper, minor pitting to trim. Long list of options, but without power windows. New seats, original One of only 2,044 produced. Cond: 2. SOLD AT $56,100. Buyer paid a number 3 price for a number 2 car. He has room to fix the little nits and still be just fine. Had the seller fixed the parade boot, it may have brought more, as that was an obvious issue that raised additional questions. #90-1961 CHRYSLER 300G convertible. S/N 8413197153. Mardi Gras Red /tan leather. Odo: 24,700 miles. 413-ci V8, 2x4-bbl, auto. Recent restoration to high standard. Quality respray with no issues, minor scratches on bumpers. Fitted with cross ram induction, swivel bucket seats, and Golden Tone radio. Wonderful dash and steering wheel. Attention to detail obvious here. Cond: 1-. NOT SOLD side panels, new top fits properly. A solid car that shows well. Cond: 2. SOLD AT $55,000. This failed to sell when it crossed the block, but a deal came together later. It was bought by a buddy of mine who was very pleased with the car when it was delivered. He feels he bought it for well under the money, and I'd agree with that, as one in slightly better condition brought $105,300 at Bonhams' Greenwich sale in June '08 (SCM# 116925). #12-1960 LINCOLN MK V convertible. S/N OY85H418950. Killarney Green/white vinyl/two-tone green leather. Odo: 41,372 miles. 430-ci V8, 4-bbl, auto. Stated to have original mileage as well as all books and records. Decent respray did not include engine compartment. Interior replaced earlier this year, parade boot loose. Loaded with options including breezeway rear window, but no a/c. AT $115,000. Last seen at Seroka's West Palm Beach auction in December '91, where it failed to sell at $42,500 (SCM# 3935). Values have slid a bit on these of late, but the bid was light by at least $10k, considering this one's condition. I was surprised a deal could not be put together with a little give and take on both sides. #35-1967 CHEVROLET CORVETTE racer. S/N 032 518. Blue/black. 366-ci 675-hp V8, 4-bbl, 4-sp. From John Mecom's racing stable. Owned by Delmo Johnson, who raced Grand Sport s/n 003. Crashed in 1982 and rebuilt to 1974 IMSA specs, less than hour on engine since completion. Accepted by major Original paint with a mild rash, exhaust modified, engine bay sparkles. A time warp “Darth Vader” Grand National. Cond: 2. SOLD AT $25,300. I'd call this extremely well bought. These have been sleepers, and one with documented low mileage is a real find. If the new owner maintains it in its present condition, I wouldn't be surprised to see it bring twice this price in the not-too-distant future. ♦ Embroidered Bandit headrests, aftermarket stereo and Cobra CB radio. Mileage appears to be original. Did not appear in the “Smokey and the Bandit” movie, but cool nonetheless. Cond: 2. SOLD AT $51,700. A fun car to own if your buddies remember the words to “East Bound and Down.” Regardless, a premium was paid here, and car belongs in a museum rather than on the Interstate with some redneck talking on the CB. #9-1987 BUICK GRAND NATIONAL coupe. S/N 1G4GJ1175HP420154. Black/gray fabric. Odo: 4,636 miles. Original low mileage documented with mileage statements. Books and records include original window sticker. S/N 2W87Z8L153389. Black/black leather. Odo: 15,881 miles. 400-ci V8, 4-bbl, auto. Owned and restored as “The Bandit” by Burt Reynolds. Paint very acceptable, with gold Firebird on hood. Body fitted with ground effects, flairs and spoiler. Snowflake rims. 114 Sports Car Market

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eBay Motors Online Sales You Shouldn't Have, Really “I will have the Long Thing for sale in a few weeks if you do not like it short.” In other words, it appears the size of your Thing does matter Report by Geoff Archer Market opinions in italics I f some things are better left unsaid, then surely some projects are better left unstarted. Like these, perhaps. Condition inferred from seller's descriptions; cars were not physically examined by the author. All quoted material taken from the eBay listings. (sf=seller's feedback; bf=buyer's feedback) #250284344955-1971 VOLKSWAGEN BEETLE Custom roadster. White & blue/tan leather Saab seats. 20 Photos. Grand Rapids, MI. 1937 Citroën Traction Avant body which, according to unverifiable legend, “was used by both Nazis and French Resistance fighters, and eventually bought by a American GI... Somewhere along the years it was fit to the VW chassis. Soon after my purchase, I had it modified into an open top roadster.” Film-maker seller explains that it was only intended to be a with this distracting announcement, “I will have the Long Thing for sale in a few weeks if you do not like it short.” In other words, it appears the size of your Thing does matter. #270369418662-1960 FERRARI 250 GT coupe. S/N 250J3593GT. Flat black/yellow steel, black Kirkey seat. 1 Photo. Grand Rapids, MI. Ferrari body shell draped over a tube chassis. Headlights replaced with dog dish hubcaps. Aluminum chin spoiler looks to be straight off a NASCAR trunklid. Mesh grille, Plexi windows, crude wheel openings to accommodate massive slicks. Red, banana-shaped rear wing with aluminum pole flying buttresses. Dings, rivets, and work, the other one can take over and replace it. It has 2 transmissions which are both manual. Economic, gas saver, and very reliable.” Hard to tell how many pedals it has. 0 bids, sf 0, bf N/A. Cond: 2+. NOT SOLD AT $20,000. These people need to spend more time lifting weights and reading about Porsche 908s and less time dropping acid and reading Dr. Dolittle. $20k opening bid demonstrates they are seeing double in all aspects. #300183906308-1974 VOLKSWAGEN 35 footer, and that is why there is no glass, most electrics don't work, and you have to stop it with the handbrake (after borrowing a battery to start it.) 12 bids, sf 4, bf 52. Cond: 4-. SOLD AT $3,000. Even though I do not want to finish building it, take it all apart, drive it, or sit in the back on top of that hot flat four, I still recognize that this was a good deal on a ridiculous conversation piece. Any logical reason for not paying twice as much would have certainly suggested not buying it at all... and any such buttoned-up notions obviously got no traction here. #120314761997-1973 VOLKSWAGEN BEETLE Custom sedan. S/N JF1AF43B1FB107567. Red/tan vinyl front & gray cloth rear. Odo: 130,000 miles. 15 Photos. St. Cloud, FL. “This car is an invention. It is a '73 Volkswagen 111 Buggie in the back and a '85 Subaru GL in the front. And it does work. It has 2 motors (one located in the back and another in the front), so if one of them were to fail or not 116 Brand new front, narrow beam, 4x spring over coil shocks.” Needs lights and windshield to be street legal. 1 bid, sf 130, bf 0. Cond: 2. SOLD AT $4,000. Seems like a deal by a couple grand, but there's no way to know without drivetrain specs. Seller might have cut the bidding short Sports Car Market THING Custom. Olive Green/khaki canvas bikini top/khaki canvas. 24 Photos. Ellenton, FL. Body shortened ten inches and mounted onto a Superbeetle tunnel. Deep dish 356A style rims “do not convey in this sale, instead it will have stock a 4 lug wheels.” Top and interior new. Teak floorboards look very Smith & Hawken. “New gas tank, $1500...in paint, scuffs abound. Interior consists of a roll cage and a single Kirkey seat. Claimed 650 hp. 23 bids, sf 160, bf n/a. Cond: 4. NOT SOLD AT $5,301. Apparently, the owner of this very wrong Ferrari thought dropping it off at the local eBay helper store “Sold-It, Ship-It” would be the right way to sell it. I'm guessing their staff has never seen one either... and that would explain the pathetic description and photos, which surely influenced the bidding (negatively). I'm also guessing some of you sick bastards think this is kind of cool, and you'll be wanting to know that their number is 616.365.2000. #220224307757-1983 FIAT SPIDER 2000 convertible. S/N ZFRAS00B9D5501806. Fly Yellow/black vinyl/tan vinyl. Odo: 59,000 miles. 44 Photos. Long Island, NY. Mesh headlight covers, bumper delete, Olds 442-style dual hood scoops, Ferrari badges on hood, horn, and manifold shield. Also fitted with faux sidepipes and BBS-type wheels. Wing molded into rear fenders, huge external gas filler, padded roll bar,

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Online sales of contemporary cars. Fresh Meat Von Dutch shift knob. Seller insists that it “looks like a fiat but it's not.” Claims it is the prototype “pininfarina azzura spyder.” Car was neither won nor listed on April Fool's Day. 49 bids, sf 850,bf 1. Cond: 2. SOLD AT $14,700. Similar to the Bertone X1/9 branding arrangement, Fiat Spiders were sold as Pininfarinas in the early '80s. This particular one was tastelessly modified and disgustingly well sold. #280191779421-1985 SUBARU LOYALE Custom 3-Wheeler coupe. S/N JF1AN43B9FC444081. White and tan fiberglass/blue cloth. Odo: 200,000 miles. 4 Photos. Houston, TX. Converted to three-wheeler. “Hatchback body is foam core fiberglass on both sides.” Incomplete. “No guarantees expressed or implied as to its fitness as a vehicle or functionality.” Needs: “Finish closing in back #320198080768-1973 AM GENERAL POSTAL TRUCK Custom delivery van. S/N FJ8A327394. White/patchwork cloth. RHD. Odo: 100,000 miles. 23 Photos. Danville, VA. “Her name is ‘THE DUNE DESTROYER.' She's the east coast equivalent of a California Woody. Vintage moon disc hub caps, ladders on each side for easy access to the eagles nest, a sweet set of mounted Dick Pope Jr water skis, Simpson skate board... Inside there are fun fuzzy dice, hippie clocks, hula girls, and Michael 2008 Bentley Continental GT Speed Date sold: 06/02/2009 eBay auction ID: 150348349194 Seller: Miller Motorcars, Greenwich, CT, www.millermotorcars.com Sale Type: Used car, 850 miles VIN: SCBCP73W48C059308 Details: 20-inch Speed wheels, veneer inserts, massage front seats, reversing camera, warranty until 2011 Sale result: $159,900, 1 Buy-It-Now bid, sf 4, bf private. MSRP: $199,990 (base) Other current offering: Bentley Downers Grove, Downers Grove, IL, www.bentleydownersgrove.com, asking $179,987 for orange/orange car with 2,400 miles. 2006 Bentley Continental GT Flying Spur wheel-well, connect brake lines, taillights, paint, install and connect gas tank (none provided), install interior, etc.” 17 bids, sf 689, bf 18. Cond: 5. SOLD AT $471. Seller suggests it “can be licensed as a motorcycle in most states... ride in the HOV lane with an automatic transmission and A/C!!!” Hmm. There's an electric bike on my local Craigslist for $400. It looks a lot safer and it doesn't even need a gas tank! Well sold. (Like you needed me to tell you that.) #190273770113-1942 WILLYS JEEP Custom. S/N J225619. Green/oak. Odo: 6,000 miles. 10 Photos. Loretto, TN. “The body was removed several years ago and a wooden body was built... It can be used at the lake, hunting, parades or to celebrate your favorite sports team. It has been converted to a 12 volt with new tires, exhaust, brakes, filters and battery. It is fun to drive and the 4x4 works well. It is equiped with super low granny gears for rough terrain. Jackson and Pee Wee Herman dolls fondling each other on the dash. Cool naughty signs like; ‘best head in town, get it at lucky's bar', art deco ‘deluxe electric mixer – why beat it by hand', ‘swim suits optional beyond this point' and many others...” 23 bids, sf 646 bf 11. Cond: 3. SOLD AT $810. More “media mail” than “first class.” Delivering lewd one-liners from the curbside of an ex-USPS mailtruck should be worth a chuckle or three, and it was probably worth all of this high bid. It looks like I've got a package here from Mr. Ben Dover... #250316495297-2003 CHRYSLER PT CRUISER GT Woody Concept roadster. Black/red leather. Odo: 5,607 miles. 24 Photos. San Bernardino, CA. “Award Winning Concept Car Designed by ‘PT Bob' Cohen for Chrysler. Built to look like a 1946 Chrysler Woody Convertible Town and Country. All Real Ash Wood Frames were custom made to fit this Date sold: 06/01/2009 eBay auction ID: 170337580606 Seller: Private seller—mikehowl2 Sale Type: Used car, 14,000 miles VIN: SCBBR53W16C032929 Details: Beluga/Saddle, theater seating with twin lumbar massage, laser and radar system, 20-inch alloys, Mulliner 4-spoke wood and hide steering wheel Sale result: $83,000, 2 bids, sf 57, bf private. MSRP: $184,000 Other current offering: Bentley Downers Grove, Downers Grove, IL, www.bentleydownersgrove.com, asking $99,000 for black/black car with 12,600 miles. 2008 Bentley Continental GTC Even the horn blows.” (Wait, doesn't that imply that other things about this vehicle blow?) 10 bids, sf 127, bf 93. Cond: 3. SOLD AT $1,500. Last seen one year earlier, when it sold sans hubcaps for $2,000 unpainted in Pennsylvania (SCM# 47768). At the time I thought all it needed was some Murphy's Oil and a better sales venue (a physical auction). You are still free to test my theory—only now you'll have to bring a belt sander and maybe some whiskey to lubricate potential bidders. August 2009 car by hand. All Fenders, Bumpers, and lights are off a real T & C. We also added custom performance suspension parts to make it corner! This is a 5 speed 275 HP rocket Woody that handles like a sportscar.” Lambo doors. $125k spent. 6 bids, sf 48, bf 122. Cond: 2. NOT SOLD AT $10,100. SEMA-type cars always sell for a lot less than the cost of their creation. Radical modifications naturally narrow the market. This looked like very nice and interesting work. Still, the $50k Buy-It-Now was rich—probably $20k rich. ♦ Date sold: 06/08/2009 eBay auction ID: 320379476147 Seller: Private seller—californiahoff Sale Type: Used car, 3000 miles VIN: SCBDR33WX8C052449 Details: Beluga/Magnolia, Piano Black wood, sports gear lever, Mulliner driving spec Sale result: $141,100, 9 bids, sf 0, bf 266. MSRP: $193,990 (base) Other current offering: Bentley Downers Grove, Downers Grove, IL, www.bentleydownersgrove.com, asking $159,987 for triple black car with 4,800 miles. ♦

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Mystery Photo Answers Comments With Your Renewal Reading SCM is better than Raise your hand if you're taking on water. —Mark Chute, Strafford, VT RUNNER-UP: Pre-function assembly before group attempt at Niagra.—Doug Metzker, Portland, OR A floating car made of 1960s German steel, with a Triumph engine and Lucas electrics… what could go wrong?—Rod Diridon Jr., Santa Clara, CA Wisconsin decides it needs its own navy.—Al Nelson, Pentwater, MI In an ongoing effort to deter pirates, the entire Somali navy engaged in maneuvers off the coast.—Mickey Lowitt, Greenwich, CT We were deceived by the inflatable decoys they carried, and they swept ashore in waves, unopposed.—Scott Eldredge, La Honda, CA Once SCM started report- ing the increasing prices for Amphicars, the cars started to flood the market.—Steve Thomas, Bronxville, NY So you see, son, in the spring, when the tide is low, it's time for the Amphicars to leave the water and begin to breed on the wet sand.—Norman Vogel, San Francisco, CA When the Germans saw the Allied special forces landing at Omaha Beach in their Amphibious Assault Vehicles, they knew the tide of the war had turned.—Matthew B. Fenster, Troy, MI Raise your hand if you need to leave the class.—Miles Morris, Weston, CT Polish special forces prepare for an ill-fated amphibious assault on Germany in this undated photo from the 1960s.—Matt Frankel, Prescott, AZ Damn it, Martha, now look what you've started. Either put your top back on or we're leaving the beach RIGHT NOW!—John Reeder, Greensboro, VT There have been many great cars, and there have been many great boats, and there have been neither.—Lorrie Peterson, Brooks, GA Ship of Fools, Car of Idiots.—Dicky Riegel, Bedford Hills, NY Wave your hands if you are having strong second thoughts about what you are doing.— Dennis Thalmann, Husseren les Chateaux, FRA Trials for the first post-global warming Grand Prix.—Norman Falkiner, Melbourne, AUS Nobody really seemed to mind that there were no jet skis available for rent this year at Dorkfest-By-The-Sea.—Eric Van Nice, San Diego, CA What lure are you using, Larry? It's got 'em all excited.— Bruce G. Williams, Denver, CO And you thought paddle shifting was trickle-down F1 technology.—Kick Wheeler, New Milford, CT Yet another activity for Pebble Beach week, the Monterey Bay Regatta.—Dale Pope, Plymouth, IN Under a full moon, the am- phibicars came back to the beach of their birth to lay their eggs.— Jim Rosenthal, Annapolis, MD Owners of the car that revolu- tionized drowning put on a demonstration of confidence in their bilge pumps.—Dan Faustman, Elk Grove, CA You said this route wouldn't be as crowded as the interstate.—Bill Barnett, Zanesville, OH Because he recognizes an SOS en masse when he sees one, Mark Chute wins a soon-to-be-collectible official SCM cap. ♦ This Month's Mystery Photo Response Deadline: July 25, 2009 Our Photo, Your Caption Be the author of the most accurate, creative, or pro- vocative response and receive a Sports Car Market cap. Ties will be arbitrarily and capriciously decided. Fax your response to 503.253.2234; email: mystery- photo@sportscarmarket.com; snail mail: Mystery, P.O. Box 4797, Portland, OR 97208-4797. Please include your name and contact information. Send us your mystery photo. If we use it, you'll also get an official SCM cap. Email photos at 300 dpi in JPEG format. 120 eating homemade pie!—Jerry Boone, Colleyville, TX Very tidy and still fun to read. However, I think it is time for you guys to kick it up a notch—come up with something new. Wow me, more adventure, more drama.— Carlos Amato, Los Angeles, CA. How about $12.4m for a 250 TR? That's pretty dramatic.—KM Most honest collector car mag I've read. Keep it up.—Daniel Dietrich, Sherman Oaks, CA I get six auto magazines, but yours is the only one I read cover to cover.—Fred Berndt, Milwaukee, WI Excellent! The best car magazine I get. Keep it up.—Peter Warner, Taos, NM It ain't broke! No reason to fix it—Gary Gettleman, Santa Cruz, CA Maybe an article on looking for classics on Craigslist?—William Weinberg, Santa Ana, CA Like the odd reviews on old planes, tanks, etc. Makes for variety, so keep them coming.—Roy Girasa, Beaverton, OR I can't wait to get the next issue. It's the only magazine I read cover to cover; including the ads.—Michael McGuinness, San Diego, CA Always one of my favorite magazines. Very irreverent, which is good. Keep the bikes.—James Gatz, Abrams, WI Don't change a hair—except maybe more on American Classics! Next to medical journals, you are the best read I receive.— Ed LaMotta, MD, Fort Meyers, FL. Probably fewer million-dollar cars in the medical journals.—KM Expand the auction results.— Gerry Drescher, Stuart, FL Love the magazine. Please, more motorcycle coverage.—Hugh G. Rection, New Carlisle, IN Good read. More features on Alfa Romeo.—Michael Mammoliti, Bathurst, AUS The best, change noth- ing.—Carl Sanger, Houston, TX More “Future Classic” features? Or are there that few to pick from? Keep up the great work.—Chris Clark, Pittsford, NY. Well, the Plymouth Prowler hasn't played out all that sucessfully.—KM Always a great read.—Kirk F. White, New Smyrna Beach, FL Great mag, but one quibble: The winning captions on your mystery photo contest should never exceed a dozen or so words. Brevity is… you know.—Roger Vance, Crescent City, CA And thanks to all of you for your thoughtful comments and your renewals.—Keith Martin ♦ Sports Car Market

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SCM Showcase Gallery Sell Your Car Here! Includes SCM website listing. Showcase Gallery Full-Color Photo Ad Just $44/month ($66 non-subscribers) Text-Only Classified Ad Just $15/month ($25 non-subscribers) 4 ways to submit your ad: Web: Visit sportscarmarket.com/classifieds-post.php to upload your photo (300 dpi jpg) and text, or text only. Secure online Visa/MC payments. E-mail: Send photo (300 dpi jpg) and text, or text only, to scmadvert@sportscarmarket.com. We will call for your VISA/MC. Fax: Attention Showcase, to 503.253.2234 with VISA/MC. Snailmail: Showcase, PO Box 4797, Portland, OR 97208-4797, with VISA/MC or check. 25 words max, subject to editing. Deadline: 1st of each month, one month prior to publication. Advertisers assume all liability for the content of their advertisements. The publisher of Sports Car Market Magazine is not responsible for any omissions, erroneous, false and/or misleading statements of its advertisers. ENGLISH 1956 Dellow Mk VB 1957 MG A Coupe Sports Car Market magazine said Triumph TR6 went up 15% in 2007-08. Value was between 15K-25K. Owner has put 1000 miles in the 14 years they owned it. Engine Compression test came out good. Body/Paint in good condition. May require work on breaks and rear axle although owner has had these worked on in the past. Appears to have no rust. $12,995.00. Call Doug at 408.355.8368 or douglashall66@yahoo.com, http://imagefly .info/member/thebridge. (CA) English hillclimb, trials, road car--last,most rare-only MkVB. Photo doc'd restoration, VSCCA log'd, original ‘56 Motor Trend roadtest. Blast to drive. Contact Jerry Bensinger at 330.759.5224, (days). 1963 Jaguar Mark II Restored Classic, Old English White, Black Leather Interior w/ White Piping, Engine Show detailed,New Chrome Spoke Wheels, Arrow Straight Body, Silky Smooth Paint Finish $30000.00. Call Dominic Mari at 215.794.0569, or Boyzie@comcast.net (PA) 2010 Morgan Aero 8 Super Sport 1963 Jaguar Mark-2, 3.8 Liter, 4-speed plus overdrive, Black w/red leather, detailed engine bay, SS exhaust, beautiful inside and out. Price $39,500 OBO. Contact Ted Burns at 630.369.6630 or tburns@dresser-rand.com 1966 Jaguar XKE Roadster Just announced! Aero super sport exclusive limited production run of only 200 cars. Now fitted with BMW 4.9 litre V8 and 6-speed automatic transmission. Removable targa roof! Now taking orders.. Visit our website for more info: northshoresportscars.com Or phone Norb at 847.247.0447. AUTHORIZED MORGAN DEALER 1954 Nash Healey Coupe George Paulin's pioneering retractable hardtop. One of the most intriguing and practical of the French streamlined Art Deco cars. A sure hit everywhere. $175,000 Fantasy Junction, sales@fantasyjunction.com; www.fantasyjunction .com. 510.653.7555. (CA) GERMAN 2004 Audi S4 Incredibly, just one owner since 1968; 27,000 original miles. A stunning original car with full documentation. Finished in burgundy with black leather. All original books, tools, ultra rare factory hardtop. An incredible find and a rare opportunity. $59,000. Matthew L. deGarmo Ltd. 203.852.1670 Website: www.deGarmoLtd.com 1968 Jaguar XKE Roadster Series 1 ½ Exquisite restoration of American, English, and Italian craftsmanship. No expense spared on this 3 year nut and bolt restoration. This car is beautiful beyond words. See on web: www.classiccarbrokerage. com for this car and 55 TB, 66 Chevelle, 55 Buick, 69 RR, 56 Messerschmitt. Contact Johnny Knapp at 612.741.7800. 1954 Longdoor Triumph TR-2 Flawless numbers matching car with a great history. All books and tools. Absolutely pristine condition and totally correct in every detail. Finished in white with black leather. Runs, drives and looks perfect. An exceptional opportunity for top down fun at a very fair price. $75,000/offer. Matthew deGarmo Ltd. 203.852.1670 Website: www.deGarmoLtd.com 122 Sienna Bronze w/tan leather. West coast car; no rust. Owned since 86, 75,000 original miles. Sunroof, factory air. Service records. Great paint, body, trim, and interior. Deserves to be driven. $27,500. Call H.S. Wright III at 206.674.3020 howard@shgllc.com (WA) Last and best year of the Porsche 356A Speedster. Stored in a dry garage for 30 years prior to professional bare metal restoration. Beautiful paint and rare optional leather Coupe seats. Original floors, battery box and longitudinals. Excellent gaps and all original body panels. Professionally rebuilt 1600 Normal engine. Call Steven at 415.205.0716. Sports Car Market Original MSRP almost $50K! Own this “Car and Driver Top 10 cars of 2004” today for less than 20K! Pricing from kbb and Nada is $17,600-19200! Priced to move at $17,500. This wolf in sheep's clothing is silver outside, light grey inside. This track ready 4dr sedan is one of the top in the world. V8 350 hp, Quattro, 0-60 in 5 seconds! Pristine condition inside and out! All service performed on time and at the Audi dealer. I have all records. About 90K miles. Why would i want to sell this? I dont. But I must. One word- economy. Need the cash. I have the FULL service repair manual on CD too. I hope it finds a good home. More pics available. No Nav system, No wrecks, clean carfax. $17,500.00. Call 512.689.1739 or email John at johnallert@me.com 1974 BMW 3.0CS Coupe Dark red, parchment leather, zebrano wood trim. A 79,000 mile original car that's had a spectacular, fully documented cosmetic restoration to factory new condition. Show quality cosmetics and drives without fault. Factory A/C, floor shift automatic. $149,000. Matthew L. deGarmo Ltd. 203.852.1670 Website: www.deGarmoLtd.com 1973 Mercedes-Benz 300 SEL 4.5 Sedan FRENCH 1938 Peugeot 402 BL Eclipse TS1920L, Original California “time warp” survivor car, black plates, rare original TR2 speed equipment, BRG, Tan, Wires $30K. Doug Taber 805.927.5044 1968 Triumph TR250 Brg/Green/Black 37K miles from new. Books, manuals, jack, never restored California black plate, no rust ever, original black and yellow radiator hoses, like new condition. $39,000. Contact Jim at 707.255.7464 or jim@oreocows.com 1973 Triumph TR6 1967 Mercedes 250SE Coupe AT, PS, PB, Power Sunroof, A/C. Green exterior and beige leather. Could use a little cosmetic reconditioning. NADA Value, $24,900. Asking $12,900. Call Ric at 416.503.3217 or email ric1@sympatico.ca 1967 Mercedes Ben 230SL Original, unrestored with pagoda hard-top + tan convertible top. Burgundy with fresh Mercedes tan leather interior, 91,000 mi, always garage kept. Exceptionally nice car with strong mechanicals, runs perfect. Small (tiny) parking lot ding in driver's door. $34,750.00 obo. Contact Burt Richmond at burt@fitzrich.com or 312.951.8981 (IL). 1971 Mercedes 280SE 3.5 Convertible V8 Automatic. White with Navy Blue leather. Owned since new, 65,000 miles. Beautiful on every level. No accidents; nice boulevard cruiser. Air/Blaupunkt/ All service records. $14,500 Contact H.S. Wright at howard@shgllc.com or 206.674.3020 1958 Porsche 356A Speedster

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SCM Showcase Gallery 1978 Porsche 011-SC All original, pristine condition. Automatic, grey interior, under 10,000 miles, four NCT original tires also included. $29,900. Contact Stephen J Wagner at 973.722.0495 (NJ) This car has undergone complete restoration. New factory brown metallic paint and new interior, engine, and suspension totally rebuilt with upgraded timing chain and electronics. Always collector owned. $16,900. Call Jack Crowley at 516.521.2309 (FL, NY) 1995 Porsche Carrera 4 Coupe All matching numbers. Last Pinin Farina 6C 2500 SS made. Call 713.523.5377 or email: ackat@comcast. net 1955 Alfa Romeo 1900 CSS Excellent original condition; garaged and pampered. Includes factory workshop manual, tools, books and car cover. 101k miles. Asking $26,000. Call Dean 408.896.9140 or email dean@paraccel.com 2002 Porsche GT3 Clone Graceful Touring form and detailing. Conrad Stevenson restoration. Ideal for tours and concours. $168,000. Fantasy Junction, sales@fantasyjunction. com; www.fantasyjunction.com. 510.653.7555. (CA) Concours condition C2 converted to GT3 with all OEM Porsche parts. Custom graphics, wheels, and more. $47,995. Contact Tony Nestora at 203.866.0900 or apnestora@yahoo.com. (CT) 2006 Porsche 911 C4S Coupe Arena Red/Grey Leather, 31,000 miles, 6 speed, options include: heated sport seats/hi-fi sound/rear wiper/remote CD, recent 30K dealer service, 2nd owner, undamaged/unmolested always garaged, NS, original in excellent condition, Cert. of Auth., $53,900/offer, contact: dikkjones@yahoo.com 2008 Porsche 911 C4S Coupe New factory custom order built to visually honor the ‘73 Carrera RS. The perfect compliment to the original sitting in your collection. Contact Ray Shaffer at rshaffer@brumosporsche.com or 904.726.3353, www.brumosporsche.com. (FL) IRELAND 1981 Delorean DMC 12 Gorgeous example with fresh Patrick Ottis engine rebuild and much other work. Excellent detailing. Great event car. $585,000. Fantasy Junction, 124 “Radillac”. Professionally built 1946 Cadillac with P.S. A/C 4-speed, vinyl top, rally wheel, console and buckets, gold on gold, straight solid rustfree car. Great runner. $29,000.00. Call Dave at 516.946.7771 (PA) Sports Car Market Track/ Vintage racer, completely gone through in ‘05 with only a handful of track days since. Webers, euro cams, Koni springs and shocks, highly detailed. Straight rust free body finished in matte black. $14,500. Call Rob @ 360.513.0582 or email vmwrob@yahoo.com. 1963 Ferrari 250 Lusso SPL310. Fully restored matching numbers California car, drive anywhere. Serial #580, extremely early, historic car, $14,950. Call 315.247.2388 or email info@autolit.com (NY) AMERICAN 1946 Cadillac Original numbers matching “BLACK PLATE” CALIFORNIA car sold new in Los Angeles, ORIGINAL FACTORY PAINT in good condition. Knock-offs, power windows, Hard-top ALL numbers match; engine, trans, rear, etc! Featured in ROAD and TRACK with significant pictures. A VERY RARE FIND IN THIS CONDITION. Very Strong Mechanical condition – still drives firm and tight.Serviced regularly by Mid-Year specialist Brad. $55000.00. Call 949.697.5180 or email bhsccb@cox.net. (CA) 1967 Chevy Impala SS 396 Chassis No. 1532284, Engine No. AR00551-05056 – Red and tan interior. Excellend condition throughout. Engine and transmission without faults. Never any rust. Original wheels and bumpers available. Work done and photos upon request. $18,000.00. Contact Grand White at 801.272.6618 or fax 801.274.1015. 1974 Alfa Romeo GTV 1971 Alfa Romeo GTV Dark Blue, Tan Interior. Burlwood Console, 15 inch wheels. Records, Tools, Books. Really Good Condition $24,500 or trade. Contact Bill at 612.388.3529. (MN) 1970 Maserati Ghibli 4.7 Spider ITALIAN 1951 Alfa Romeo 6C2500 SS S/N 10425. US car. Burgundy/black-tan. Borranis Fresh restoration. 222 pictures on line. Bare metal repaint. Re chromed. Balanced / blueprinted engine. Ancillary equipment rebuild including starter, alternator, A/C, water & fuel pumps. New interior, windshield, tires, brake pads, tailpipes & knock offs. Transaxle rebuild less than 5,000 miles ago. Original rare seatbelts by Irvin Industries. Less than 150 miles on restoration. Build sheets, books, tools, records. Exceptional Car!! Call Jim Walters at 303.363.1641 or jbw4141@aol.com 1981 Ferrari 400i Automatic Turino Turquoise. Odometer reads just over 58,100 miles. Great driver with potential. With only 9,243 six-window sedans supposedly built in 1964, how many could be left? $10,500 Contact Ray Shaffer at rshaffer@brumosporsche.com or 904.726.3353, www.brumosporsche.com. (FL) 1963 Corvette Split Window sales@fantasyjunction.com; www.fantasyjunction. com. 510.653.7555. (CA) 1967 Ferrari 330GTC 1964 Cadillac Series 62 500 Cube factory motor with matching transmission. Everything new or rebuilt 4,000 miles ago. Good for go or show. $60,000. Call Bernie at 416.255.8164 Bloomington Survivor with paperwork. White/red, 4 Spd, 300 HP, Positraction, Radio delete, Original spare-never used. Original retail order, dealer invoice, title, protectoplate/protection plan book, owners manual, 2 owner, 40,000 miles. Chassis/frame off in 2009. $80,000. Call 248.561.8972 or email kal@thepdmgroup.com 1988 35th Anniversary Corvette 1 of only 125 examples of Giugiaro's glamorous open Ghibli. Beautiful condition. 28,000 miles. Drives very well. Great event car. 5-speed, power steering with telescopic tilt. $249,500 Fantasy Junction, sales@fantasyjunction.com; www.fantasyjunction.com. 510.653.7555. (CA) JAPANESE 1963 Datsun 1500 Fairlady Roadster Limited Edition #1568 of 2050. Documented since new. Package includes original paperwork, manuals, tools and window sticker. Outstanding condition showing just over 9,000 miles on the odometer. Contact Ray Shaffer at rshaffer@brumosporsche.com or 904.726.3353, www.brumosporsche.com. (FL) Chevrolet Corvette Convertible

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1932 Ford: Brookville Metal Kit Incomplete roadster pickup estate sale. Complete rebuilt 289 engine on stand and many new parts, some are chrome and performance. $35,000 invoiced excluding labor. Responsible offers will be submitted to Executrixes. Charles W. Clarke 860.658.2714 (CT). Mustang GT sportsroof out against a field of Mach I's both on the road and as an investment. This is an excellent car that NEEDS NOTHING and performs as great as it looks. PRICE REDUCED $ 29,900 with all reasonable offers considered. Email shelby68@netscape.com for more photos or information. RACE Thunder Roadster Factory Road Race Package Demo, virtually as new. First titled in 2006. Stored, very little use, full race shop freshened this year - 100% ready to go. None nicer, never hit, as new. This is the one you have been searching for! $8,700 takes it! 805.466.1015 or automojo@hughes.net Factory original 351W (M-Code). 4 Speed, maroon exterior with correct hood black-out and black deluxe interior. Tasteful and subtle performance modifications with increased power and improved handling make this an incredible car to drive, approximately 350 horsepower. Freshened paint and correct engine compartment show extremely well. Correct and rare pop-open GT gas cap, quad exhaust tips, front and rear spoliers, sport mirrors, correct engine and 9” rear-end tag, voltage regulator, date coded hoses, coil plug wires, and much more. Documentation includes Marti report, owners manual and warrantee card, and window sticker. The rare and low production 1969 GT's really stand Original 1971 SCCA B-Prod. Corvette PROCRASTINATORS!! You are growing old, you said you would do this. Here is your ticket to the Vintage Big Bore Grid. Fast, safe, sorted, inexpensive to own and reliable.Race ready today - $19.5 Call 805.466.1015 or email automojo@hughes.net August 2009 125

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RESOURCE DIRECTORY Advertise in the SCM Resource Directory. Call 877.219.2605 x222 for information, e-mail: scmadvert@sportscarmarket.com. Auction Companies Artcurial-Briest-Poulain-Le Fur. 33.1.4299202, 33.1.42292021. Maison de vente aux enchères, 7, Rond-Point des Champs Elysées, 75008 Paris. artcurial@auction.fr www.artcurial. com. (FR) Barrett-Jackson Auction. 480.421.6694, 480.421.6697. For nearly four decades, the Barrett-Jackson Auction Company has been recognized throughout the world for offering only the finest selection of quality collector vehicles, outstanding professional service, and an unrivaled sales success. From classic and one-of-a-kind cars to exotics and muscle cars, BarrettJackson attracts only the best. Our auctions have captured the true essence of a passionate obsession with cars that extends to collectors and enthusiasts throughout the world. A television audience of millions watch unique and select vehicles while attendees enjoy a lifestyle experience featuring fine art, fashion and gourmet cuisine. In every way, the legend is unsurpassed. N. Scottsdale Rd, Scottsdale, AZ 85251. info@barrett-jackson.com. www.barrett-jackson.com. (AZ) Bonhams. +, +44.207.585.0830. Montpelier St., Knightsbridge, London, SW7 1HH. www.bonhams.com. (UK) Bonhams & Butterfields. 415.391.4000, 415.391.4040. 220 San Bruno Avenue, San Francisco, CA 94103 www.butterfields.com. (CA) Branson Collector Car Auction. 800.335.3063, 417.336.5616. 1316 W. Hwy. 76, Suite 199, Branson, MO 65616. www.bransonauction.com. (MO) tor House Lyncastle Road Warrington England. WA4 4BSN www.handh. co.uk. (UK) and Brokers —is one of the world's premier auction houses, specializing in the procurement and sale of the world's finest automobiles and vintage watercraft. www.wwgauctions.com. (TX) Tom Mack Classics. 888.TOM. Mecum Collector Car Auction- eers. 815.568.8888, 815.568.6615. Auctions: Kissimmee, Kansas City, Indianapolis, St. Paul, Bloomington Gold, Des Moines, Columbus and Chicago. “Mecum Auction: Muscle Cars & More” on Discovery Network's HD Theater. www.Mecum.com 950 Greenlee ST, Marengo, IL 60015 www. mecumauction.com. (IL) Palm Springs Auctions Inc. Keith McCormick. 760.320.3290, 760.323.7031. 244 N. Indian Canyon Dr., Palm Springs, CA 92262 www. classic-carauction.com. (CA) MACK, PO Box 1766, Indian Trail, NC 28079. Three annual auctions in Charlotte, NC: April, September, and January. Selling Southern muscle, collector, and antique cars with experience and integrity for 24 years. North Carolina auction license 4017. www.tommackclassics.com. (NC) Alfa Romeo Jon Norman's Alfa Parts. 510.524.3636, 1221 Fourth Street, Berkley, CA 94710. Large selection of parts from 1900 series to Milano. Efficient, personal service. 510.525.9435. (CA) Auto Appraisal Group. 800.848.2886, Offices located nationwide. Pre-purchase inspection service, insurance matters, charitable donations, resale vales, estates, expert witness testimony. On-site inspection. Certified, confidential, prompt, professional. “Not just one man's opinion of value.” See web site for locations and service descriptions. www.autoappraisal.com. California Dream Cars AppraisRM Auctions, Inc.. 800.211.4371, 519.351.1337. Our team of highly qualified professionals with over 25 years of experience will perform complete classic car collection appraisals. Your collection will be assessed by superior appraisers who are exceptionally detailed and want you to get the most value from your collection. RM is the world's largest vintage automobile house specializing in vintage automobile restoration, auctions and appraisals. www.rmauctions.com. (CAN) Russo and Steele Collector AuCarlisle Collector Car Auctions. 717.243.7855, 1000 Bryn Mawr Road, Carlisle, PA 17013. Spring and Fall Auctions. High-line cars cross the block. Hundreds of muscle cars, antique, collector, and special-interest cars, trucks, and motorcycles. Real Cars. Real Prices. www.carlisleauctions.com. (PA) eBay Motors. List your car for sale for only $40 and pay $40 more when it sells. Visit the “Services” section on www.ebaymotors.com for more details. www.ebaymotors.com. tomobile Auctions. 602.252.2697, 602.252.6260. Specializing in the finest European sports, American muscle, hot rods and custom automobiles; Russo and Steele hosts two record breaking ALL RESERVE auctions per year; Monterey, CA every August and Scottsdale, AZ every January. As one of the premier auction events in the United States, Russo and Steele has developed a reputation for its superior customer service and for having the most experienced and informed experts in the industry. (AZ) www.russoandsteele. com. (AZ) Santiago Collector Car Auctions. 405.475.5079, 501 E. Britton Rd., Oklahoma City, OK 73114. Rocky: rockydb5@sbcglobal.net. (OK) Legendary Motorcar Company. Gooding & Company. 310.899.1960, 310.899.0930. Gooding & Company offers its international clientele the rarest examples of collector vehicles at the most prestigious auction venues. Our team of well qualified experts will advise you on current market values. Gooding & Company presents the official auction of the famed Pebble Beach Concours d'Elegance in August and record-setting Scottsdale Auction in January. www.goodingco.com. (CA) H&H Classic Auctions. +44 8458 334455, +44 8458 334433. The Mo- 126 Silver Auctions. 800.255.4485, 2020 N. Monroe, Spokane, WA 99205. silver@silverauctions.com. www.silverauctions.com. (WA) 905.875.4700, North America's premier muscle car center, specializing in restoring and trading the finest and rarest American muscle cars. We are the home of Speed TV's “Dream Car Garage.” We are a professional, discreet, and fair buyer for your quality American muscle. www.-legendarymotorcar.com. Shelby American Automotobile The Worldwide Group. 866.273.6394, Established by John Kruse and Rod C. Egan, The Worldwide Group— Auctioneers, Appraisers Club. 860.364.0449, 860.364.0769. PO Box 788, Sharon, CT 06069. Over 5,000 members, 50 regions throughout the world. Dedicated to the care and preservation of the cars that Carroll Shelby produced. Two national conventions a year, semi-annual magazine, bi-monthly newsletter as well as a registry. (CT) USAppraisal. 703.759.9100, Over 25 years experience with collector automobiles, available nationwide. David H. Kinney, ASA (Accredited Senior Appraiser, American Society of Appraisers). dhkinney@usappraisal. com toll free: at 800.872.7772 www. usappraisal.com. (VA) Automobilia Steve Austin's Automobilia & Great Vacations. 800.452.8434, European Car Collector tours including Monaco & Goodwood Historics, pri- Sports Car Market Motoring Investments. 619-238- 1977, Award winning restorations, brokerage, sales & locating. Vintage German, Italian & British Mercedes specialist - SL, Pagoda & other models “Our website is a virtual buyer's guide for the 280SL.” www.motoringinvestments.com. American als. 888.314.3366, Over 30 years experience in Southern California appraising classic, antique, special interest, muscle and custom to current-year models. Specializing in pre-purchase inspections, stated value insurance appraisals, insurance disputes, and expert witness testimony. For more info, visit our web site. www.caldreamcars.net.. (CA) Appraisals Gooding & Company. Legendary Collector Cars. 615.848.0035, Legendary Collector Cars provides you with photos, videos and entertaining stories about the cars that you used to drive in High School, the show cars you dream about and the Muscle Cars you lust over. We bring you the cars you won't see any where else. Rat Rods to Vintage Race Cars. We also take you on tours of Car Museums, Speed Shops, Race Tracks and those Special Events all over the Country. We even take you along as we drive some back roads of America. http:// www.legendarycollectorcars.com. 310.899.1960, Gooding & Company's experts are well qualified to appraise automotive and collectible estates. Whether it is the creation of a foundation, living trust, or arrangement of a charitable donation, we are able to help you. www.goodingco.com. www.goodingco.com. (CA) RM Auctions, Inc.. 800.211.4371, 519.351.1337. Our team of highly qualified professionals with over 25 years of experience will perform complete classic car collection appraisals. Your collection will be assessed by superior appraisers who are exceptionally detailed and want you to get the most value from your collection. RM is the world's largest vintage automobile house specializing in vintage automobile restoration, auctions and appraisals. www.rmauctions.com. (CAN)

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vate collections, and car manufacturers. Automobile Art importer of legendary artists Alfredo de la Maria and Nicholas Watts. www.steveaustinsgreatvacations.com. Buy/Sell/General 2shores International. 920-945- 0450, 920-945-0450. International marketing services for collector cars. New Showroom in the US! Take advantage of our experience in the global collector market. Based in Wisconsin, working worldwide. Connecting buyers and sellers of collectible automobiles in a global marketplace since 1990. We put our market knowledge to work for you. Call Jurgen today! http://www.2shores-classics.com/kontakt_us.html. (WI) Specialty Car Source. Specialty- CarSource.com is the premier source for buying and selling classic and modern specialty cars. List your car for 12 weeks for only $19.95. Dealers can list an unlimited amount of inventory for one low fee. Visit www.specialtycarsource.com today. www.SpecialtyCarSource.com. Grundy Worldwide. 800.338.4005, The Bridgehampton Motoring Brighton Motorsports. 480.483.4682, Brighton Motorsports, Scottsdale Arizona is a unique dealership specializing in Vintage European and American Collector Cars with their Sales/Showroom and Mechanical Repair facility in the heart of Scottsdale's legendary auction arena. They also have a state of the art paint & body shop specially equipped to do all levels of repair and restoration just down the road, creating a one stop shop for the avid car enthusiast. www.brightonmotorsports.com. (AZ) Club. 631.537.5001, The Bridgehampton Motoring Club is unlike any collector car facility in the nation. We provide 24 hour key card access, humidity and temperature control, comprehensive video security, epoxy floors, tasteful lighting, rare automobilia, and most importantly services: Pick-up and delivery, battery maintenance, bi-weekly mechanical integrity routines, and detailing. Every member of BMC has unfettered access to their collection. Finally, the perfect way to enjoy your passion. www.bridgemc.com. With 60 years of experience in servicing and preserving the collector vehicle hobby, Grundy provides “The Gold Standard” of insurance, offering the most options to you: Agreed Value, No Model Year Limitation, Unlimited Mileage, and coverage options for Spare Parts, Trip Interruption, Towing and Labor Costs, Inflation Guard, and Auto Show Medical Reimbursement. Fast, immediate quotes. www.grundy. com. (PA) Successfully brokering MercedesBenz, Ferrari, Porsche, Jaguar, BMW, Alfa Romeo. Guidance given with emphasis on building long-term relationships. Sales Manager Alex Finigan: Alex@paulrussell.com www.paulrussell.com. (MA) with our two car enclosed transporter and would like to help you move your car. We have over 25 years experience repairing classic cars and know how to properly handle your classic car! www. rpmvt.com. Collector Car Insurance Doc's Jags. 480.951.0777, 480.951.3339. Restoration Center 623.869.8777. 23047 N. 15 Lane, Phoenix, AZ. 85027. The world's BIGGEST and BEST Jaguar Web site. #1 in Jaguars WORLDWIDE. Largest inventory of all models. Ask for “DOC.” Email doc@docsjags.com www.docsjags.com. (AZ) Kevin Kay Restorations. 530.241.8337, 1530 Charles Drive, Redding, CA 96003. Aston Martin parts, service, repair, and restoration. From an oil change to a concours-winning restoration, we do it all. Modern upgrades for power steering, window motors, fuel systems, and more. Feltham Fast performance parts in stock. We also cater to all British and European cars and motorcycles. www.kevinkayrestorations.net. (CA) Heacock Classic. 800.678.5173, We understand the passion and needs of the classic car owner; agreed value, one liability charge, 24-hour claim service and paying by credit card. We provide classic car insurance at rates people can afford! Instant quotes at www.heacockclassic.com. www.heacockclassic. com. (FL) Motor Sport Personal Accident Woodies USA. 480.694.7929, We Classic Showcase. 760.758.6199, 760.758.0600. sales 760.758.6100.Fullservice restorations. Creating show winners in a world-classic restoration facility. Specializing in European classics. Superb fit; attention to detail; great craftsmanship. “Where great cars achieve perfection.” Located in San Diego County. sales@classicshowcase. com www.classicshowcase.com. (CA) Legendary Motorcar Company. 905.875.4700, North America's premier muscle car center, specialized in restoring and trading the finest and rarest American muscle. Our 55,000 sq. ft facility and 100 car showroom is the ultimate car heaven and the home of Speed TV's “Dream Car Garage.” www.legendary-motorcar.com. buy and sell great woodies - hundreds to date. If you are buying or selling give us a call. We can help. Woodies are fun! Every car collection should have at least one. Located in Scottsdale, Arizona. www.woodiesusa.com. (AZ) Classic Car Transport Motor Auto Express, Inc.. 360.661.1734, Enclosed Transport. MAX cares for what you care for. We offer Personal, Private, Professional services with liftgate loading for your vehicles. Please contact Randy McKinley, Owner. maxiet@gmail.com. (WA) Coverage. 441.297.9439, 441.296.2543. Email, mcooke@evolution.bm. Limits up to $1,000,000 including accident medical and helicopter evacuation. Comp Capital Ltd. can obtain coverage at competive rates including drivers over the age of 65. Either 12 month policy covering a whole season and or for specific events. Please contact Mark Cooke and or Kevin Way. English AC Owner's Club Limited. 503.643.3225, 503.646.4009. US Registrar: Jim Feldman, 11955 SW Faircrest St., Portland, OR 97225-4615. The world's largest organization of AC owners and enthusiasts. AC ownership not required. Monthly magazine. (OR) Motoring Investments. 619-238- 1977, Award winning restorations, brokerage, sales & locating. Vintage German, Italian & British Mercedes specialist - SL, Pagoda & other models “Our website is a virtual buyer's guide for the 280SL.” www.motoringinvestments.com. Ferrari/Maserati/Lamborghini Carobu Engineering. 949.722.9307, Ferrari specialist. Engine rebuilding/ development, dyno-testing, parts and service. Your source for high performance brakes, suspension, gaskets, engine parts, wheels and exhaust. Dealer for Tubi, Brembo, Koni, Razzo Rosso, Sangalli, Zanzi, Novitech Rosso and X-Ost. WWW.CAROBU.COM www. carobu.com. Motoring Investments. 619-238Aston Martin of New England. Paul Russell and Company. 978.768.6092, 978.768.3525. Since 1978, offering restoration and sales of classic European sports and touring models from pre-war through 1960s. August 2009 RPM Classic Sports Car. 802.877.2645, Having trouble getting your Classic Car transported to rural areas in the Northeast United States? We travel throughout New England, the New York Metro area and Pennsylvania 781.547.5959, 85 Linden Street, Waltham, MA 02452. Proudly appointed Aston Martin Heritage Dealer for the USA. New and pre-owned Aston Martins are our specialty. Please contact us when buying, selling or restoring. www.astonmartin-lotus.com. (MA) 1977, Award winning restorations, brokerage, sales & locating. Vintage German, Italian & British Mercedes specialist - SL, Pagoda & other models “Our website is a virtual buyer's guide for the 280SL.” www.motoringinvestments.com. Randy Simon. 310.274.7440, 310.274.9809. I constantly collect and sell all Ferraris, Maseratis, and Lamborghinis. If I don't have what you seek, I can usually find it for you (at low prices). Please call anytime for straight 127

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RESOURCE DIRECTORY Advertise in the SCM Resource Directory. Call 877.219.2605 x222 for information, e-mail: scmadvert@sportscarmarket.com. advice on the market. Finder's fee gladly paid. simonrandy@aol.com (CA) meticulous restorations by manufacturer-trained technicians and the widest selection of Genuine Mercedes-Benz Classic Parts, we are the source. http:// www.mbclassiccenter.com/. (CA) Ferrari specialist. Engine rebuilding/ development, dyno-testing, parts and service. Your source for high performance brakes, suspension, gaskets, engine parts, wheels and exhaust. Dealer for Tubi, Brembo, Koni, Razzo Rosso, Sangalli, Zanzi, Novitech Rosso and X-Ost. www.carobu.com. Motoring Investments. 619-238RPM Classic Sports Cars. 802.877.2645, With over 25 years of experience in Classic Italian Sports cars, we know how to make your car perform as new. Please visit our website showing numerous cars for sale and a frequently updated BLOG to see what is going on in our busy shop including video links of engines being run on a test stand and on a chassis dynamometer. Our two car enclosed transporter makes getting your car to our shop within the northeast a breeze. www. rpmvt.com. 1977, Award winning restorations, brokerage, sales & locating. Vintage German, Italian & British Mercedes specialist - SL, Pagoda & other models “Our website is a virtual buyer's guide for the 280SL.” www.motoringinvestments.com. Import/Export Cosdel. (415) 777-2000, (415) 543- 5112. Don't puzzle over your shipping needs. We are your solution.Martin E. Button, Inc./Cosdel International Transportation 55 New Montgomery Street San Francisco, CA 94105 info@cosdel.com The Import-Export Expert www.cosdel.com. (CA) Inspections T. Rutlands. 800.638.1444, The largest independent Ferrari parts source in the business. Our vast inventory includes new, used and rebuilt parts for vintage and contemporary Ferraris. Buy your parts where the Ferrari shops do. Now, shop 24/7 at www.TRutlands. com www.TRutlands.com. (GA) Garage/Tools Baldhead Cabinet Company. 877.966.2253, Offering a fine selection of quality metal garage cabinets suitable for shop and residential garage applications. SS and custom colors available. Many modules to choose from. Call for a custom quote and drawing. See ad in this issue. www. baldheadcabinets.com. (CA) German The Healey Werks. 800.251.2113, Doc's Jags. 480.951.0777, 480.951.3339. Restoration Center 623.869.8777. 23047 N. 15 Lane, Phoenix, AZ. 85027. The world's BIGGEST and BEST Jaguar Web site. #1 in Jaguars WORLDWIDE. Largest inventory of all models. Ask for “DOC.” Email doc@docsjags.com www.docsjags. com. (AZ) F. Roxas, Inc.. (708) 598-1000, The Automobile Inspections LLC.. 860.456.4048, “When you need the job done right.” The nation's premier provider of pre-purchase inspections on classic, exotic and specialty cars of any year, anywhere in the USA or Canada. Fast 72-hour turnaround! Hartford, CT. www.automobileinspections.com. (CT) Parts and Accessories Only Thing Better Than New Is A Fran Roxas Restoration. Recent restorations include Duesenberg, Packard 12, 8-liter Bentley, Cadillac V16, Delahaye, Stutz DV32, Ferrari, 1950's & 60's Concept Cars. We take pride in enhancing our clients investments by bringing these truly one-of-a-kind cars back to life. Maybe, an even better life. The quality of our work has been nationally recognized since 1970 with consistent 1st place winners at concours shows around the world. F. Roxas, Inc. (708) 598-1000 Bridgeview, IL 712.944.4940. Premier automobile restoration company specializing in exotic, European and classic cars. Complete structural and body reconstruction, upholstery, world-class paint/refinishing, engineering, prototyping and mechanical services. Transport and logistical services available. www.healeywerks. com. (IA) Sports and Competition Morris and Welford. 714.434.856 2/203.222.3862, We operate an international specialist historic car consultancy and brokerage company based on both the East/West Coasts of the US and the UK offering specialist brokerage services of important historic cars to buyers and sellers throughout the world. www.morrisandwelford.com. (CA/CT/United Kingdom) test stand and on a chassis dynamometer. Our two car enclosed transporter makes getting your car to our shop within the northeast a breeze. www. rpmvt.com. RM Auctions, Inc.. 800.211.4371, Legendary Motorcar Company. 905.875.4700, You may have seen our award winning, show quality restoration. Our 55,000 sq ft facility is specialized in extreme high-end restorations of rare American muscle cars. www. legendary-motorcar.com. (ON) Griot's Garage. 800.345.5789, The ultimate online store for automotive accessories and car care products. www. griotsgarage.com. (WA) Performance Restoration. WeatherTech® Automotive AcClassic Showcase. 760.758.6199, 760.758.0600. sales 760.758.6100.Fullservice restorations. Creating show winners in a world-classic restoration facility. Specializing in European classics. Superb fit; attention to detail; great craftsmanship. “Where great cars achieve perfection.” Located in San Diego County. sales@classicshowcase. com www.classicshowcase.com. (CA) cessories . 800-441-8527, MacNeil Automotive Products Limited providing Automotive Accessories for your vehicles for over 20 years. MacNeil has defined high quality vehicle protection with the WeatherTech® line of Automotive Accessories. Choose from All-Weather Floor Mats, Extreme-Duty Floor Liners, Cargo/Trunk Liners, Side Window Deflectors, No-Drill MudFlaps, many different options of License Plate Frames and more. We have products available for virtually every make and model. To see and buy everything, go to WeatherTech.com. www.WeatherTech.com. Restoration - General Mercedes-Benz Classic Center. 1-866-MB-CLASSIC, The center of competence for classic Mercedes-Benz enthusiasts – for vintage car sales, 128 Carobu Engineering. 949.722.9307, 440.968.3655, High-quality paint, body, mechanical service. Discreet installation of a/c, cruise control, superchargers. Stock restorations done to exacting standards. Clean, well-equipped shop. Near I-90 since '96. We finish your projects. supercharged@alltel. net. (OH) 519.351.1337. Our team of highly qualified professionals with over 25 years of experience will perform complete classic car collection appraisals. Your collection will be assessed by superior appraisers who are exceptionally detailed and want you to get the most value from your collection. RM is the world's largest vintage automobile house specializing in vintage automobile restoration, auctions and appraisals. www.rmauctions.com. (CAN) Vintage Events Muscle Car 1000. 949.838.7076, RPM Classic Sports Cars. 802.877.2645, With over 25 years of experience in Classic Italian Sports cars, we know how to make your car perform as new. Please visit our website showing numerous cars for sale and a frequently updated BLOG to see what is going on in our busy shop including video links of engines being run on a October, 2009. This six-day luxury tour of Southern California includes exceptional muscle cars, exclusive activities, exquisite dinners, premium hotels, great friends, and fine wine. We're covering Orange County, San Diego, Palm Desert, Lake Arrowhead, Beverly Hills, and a great deal in between. Reserved for 1964-73 American muscle cars, 1962–68 Cobras, 1955–73 Corvettes. Apply early, as space is limited. www. musclecar1000.com. (CA) Sports Car Market

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Advertising Prints Vintage 13" x 19"; Just $15.95— Two for $20 including shipping Available online at www.sportscarmarket.com Use promo code “twofer” August 2009 New! “Needs TLC”, “Average Driver” and “Very Good” prices for all models, 1900–88. FRee! Now oNliNe! The world's largest collector car price guide based on over 500,000 sold transactions from . Updated weekly. www.collectorcarpricetracker.com For the collector who needs to know what things are selling for, right now. Take your free test drive today. 129

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Carl Bomstead eWatch Plugged In Two Indy badge bargains, a $336 traffic light finder, and a Red Indian Motor Oil sign vendor whoops it up at $6,099 Thought Carl's Buddy Greco has been one of my favorite entertainers for years, and his hit “The Lady is a Tramp” has long been on my iPod. He ran with the Rat Pack in the '60s and currently has a supper club in the Palm Springs area. He recently offered a set of six photographs on eBay that were taken at Frank Sinatra's Cal Neva Lodge in Lake Tahoe a week before Marilyn Monroe's death. They were said to be the last photos taken of her and also included shots of Peter Lawford, Dean Martin, Rhonda Fleming, Greco, Joe DiMaggio and Sam Giancana. The six were offered with a starting bid of $7,500 and so far so good. But wait, that auction was canceled and restarted with an opening bid of $20,000. A third auction was also started with a Buy-It-Now price of $75,000 with all bids considered. Well, they must have had second thoughts, as the price was then reduced to $65,000 with one rejected offer. Confused? I am, and so, apparently, were the bidders, as I don't believe the photos have sold—at any of the various prices put forward. But here are a few items that are a bit more straightforward: EBAY #160332127258—N.O.S. EBAY #270386019957— ONE QUART PACKARD SPECIAL MOTOR OIL. Number of Bids: 13. SOLD AT: $394.50. Date Sold: 5/17/2009. These Packard oil cans date to the early '50s, and a similar version that included the Studebaker name was offered after Packard bought the company. The bidding went up by $250 or so in the last few seconds as two guys had to have the can. I'd say the seller made out on this one. EBAY #380123685964— INDIANAPOLIS 500 1954 AAA DRIVERS PIN. Number of Bids: 14. SOLD AT: $147.50. Date Sold: 5/21/2009. This 10k gold pin with AAA in blue enamel identified the wearer as a driver in the 1954 Indy 500 and most likely allowed access to the pit area. A cool piece of Indy memorabilia for not much money. I'd call this a bargain. FULTON #36 TRAFFIC LIGHT FINDER. Number of Bids: 28. SOLD AT: $335. Date Sold: 5/10/2009. These little plastic gizmos attached to your windshield and reflected up so you could see the traffic light without craning your neck. Cool accessory for your '50s car or, considering the excellent condition of the packaging, a great item for a display case. Either way it attracted a lot of attention and was fully priced. EBAY #130304683762—1900'S MACO MACDONALD AFLCO DUAL PRIME SPARK PLUG. Number of Bids: 9. SOLD AT: $712. Date Sold: 5/12/2009. Over the years, thousands of different types of spark plugs have been offered. The mundane you can buy at Hershey by the pound, but the unique can be pricey, as spark plug collectors are a rabid bunch. They even have their own club—the Spark Plug Collectors of America. This one was most unusual in that it had two priming cups, thus the aggressive price. EBAY 380123450998—1935 INDIANAPOLIS 500 OFFICIAL PROGRAM. Number of Bids: 16. SOLD AT: $125.49. Date Sold: 5/20/2009. This 80-page program was in decent condition and contained articles on drivers Wilbur Shaw and Babe Stapp, among others. It included all kinds of other Indy 500 information, as well as some early cool ads for Packard, Hudson, and Auburn. Collecting the entire set of programs is a formidable task, but the swapmeet that takes place at Indy the day before the race always offers a bunch. SUBSCRIPTION INFORMATION Sports Car Market (ISSN #1527859X) is published monthly by Automotive Investor Media Group, 401 NE 19th Street, Suite 100, Portland, OR 97232. Periodicals postage paid at Portland, OR, and at additional mailing offices. Subscription rates are $58 for 12 monthly issues in the US, $78 Canada/Mexico, Europe $88, Asia/Africa/Middle East $98. Subscriptions are payable in advance in US currency. Make checks to: Sports Car Market. Visa/MC accepted. For instant subscription, call 24-hours 800.289.2819, 503.261.0555; fax 503.253.2234; www.sportscarmarket.com. 130 EBAY #130305725610— RED INDIAN MOTOR OILS PORCELAIN SIGN. Number of Bids: 33. SOLD AT: $6,099.99. Date Sold: 5/17/2009. Red Indian was the brand name for the Canadian Company McColl-Frontenac. The sign measured 24″ x 17″ and was in fantastic condition. Seller stated it was covered with tar when he found it, so he was well rewarded for his cleaning efforts. This sign had it all—condition, great graphics, and strong colors. The seller rang the bell on this one, but it was still a fair price. EBAY #190305196088— CITIES SERVICES OILS NAME BADGE. Number of Bids: 12. SOLD AT: $273.50. Date Sold: 5/10/2009. Back when service actually existed at service stations, the station attendants who cleaned your windows, checked your tires and pumped gas wore these name badges. They are very collectible but have come off their high of a few years back when a few unique ones sold in the $6,000 range. This badge is not as elaborate as some and sold for the going rate. POSTMASTER Send address changes to: Sports Car Market PO Box 4797, Portland, OR 97208 CPC IPM Sales Agreement No. 1296205 Sports Car Market