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247 COLLECTOR CARS EXAMINED AND RATED BY OUR EXPERTS Sports CarMarket Keith Martin's The Insider's Guide to Collecting, Investing, Values, and Trends $1.9m MASER 300S Half Price and We Know Why PORSCHE PRICES The Scottsdale Effect CHANDELIER BIDDING It's Common, It's Costly It's a Crime in All 50 States May 2006

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Sports CarMarket Keith Martin's The Insider's Guide to Collecting, Investing, Values and Trends 60 May 2006 .Volume 18. Number 5 46 As new as they come 42 Maserati's 300S COLLECTOR CAR PROFILES 42 1961 Ferrari 250 GT PF Cabriolet Series II The last affordable open Ferrari. Steve Ahlgrim 46 1980 Triumph Spitfire 1500 A cheap way to own a dream. Gary Anderson 50 1974 Gaz-13 “Chaika” Limousine A Soviet-era symbol brings all the rubles at B-J. Paul Duchene 52 1957 Porsche 356A Coupe What to look for in these elemental sports cars. Jim Schrager 56 1941 Chrysler Thunderbolt Values of American concept cars continue to spiral. Carl Bomstead 60 1955 Maserati 300S Not quite original, but its the eligibility that counts. Thor Thorson 250 PF Cabriolet 247 CARS RATED BY OUR EXPERTS 64 RM Auctions, Phoenix, AZ Million-dollar cars abound at the stately Biltmore. Carl Bomstead 78 Gooding & Company, Palm Beach, FL A record-setting Talbot-Lago steals the show at $3.9m. Dave Olimpi 90 Russo and Steele, Scottsdale, AZ A $19.8m total nearly doubles last year's haul. Daniel Grunwald 100 Silver Auctions, Fort McDowell, AZ Despite a shortened schedule, sales go up by 31%. B. Mitchell Carlson 110 Kruse International, Avondale, AZ Great variety at PIR means almost $6m from 179 lots. Dave Kinney 118 Bonhams, London, UK Long lost Lambo shoots the moon at $307k. Richard Hudson-Evans 126 eBay Motors Not all the silly money landed in Arizona. Geoff Archer Cover photograph: RM Auctions

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38 34 “You missed the apex, Jordi” COLUMNS 10 Shifting Gears Keith Martin 28 Affordable Classic MG's Rodney Dangerfield. Rob Sass 30 Legal Files When the chandelier starts bidding. John Draneas 44 Sheehan Speaks: The Japanese boom and bust. Michael Sheehan 48 English Patient What's with the $140,000 Healey? Gary Anderson 54 Porsche Gespräch Six models to watch in 2006. Jim Schrager 58 Domestic Affairs Makingmuscle drive like cars. Colin Comer 130 Motobilia The Rex Benson Collection. Carl Bomstead 132 Bike Buys The mega-collectible Megola. Paul Duchene 146 eWatch Sign, sign, everywhere a sign. Carl Bomstead 1947 Talbot-Lago T26: Class of the Field FEATURES 32 Ask the Experts: Amphibious Assault 34 Palm Beach Concours: The East Coast's Finest 36 Retromobile: Advertising and the Auto 38 Neige et Glace Rally: Minus the Snow and Ice 40 Collecting Thoughts: Twelve Rolls-Royce Myths DEPARTMENTS 12 Crossing the Block / Auction Calendar 14 The Inside Line 16 You Write, We Read 18 Display Advertisers Index 22 Neat Stuff 24 Our Cars: 1974 Triumph TR6, 1971 Rolls-Royce Silver Shadow Drophead, 1949 Chevrolet 3100 pickup truck 29 20 Year Picture 76 Glovebox Notes: 2006 Audi A3 2.0T Sport Wagon, 2006 BMW 325i 105 Alfa Bits 127 FreshMeat: 2006 Chevrolet Corvette Convertible, 2006 Land Rover RRSS, 2006 Ford F-150 Supercab 4x4 128 Automotive Investor: Beauty for $50k 134 Mystery Photo 135 Comments with Your Renewal 139 Crossword Puzzle ou missed the apex, Jordi” COLUMNS 10 Shifting Gears Keith Martin 28 Affordable Classic MG's Rodney Dangerfield. Rob Sa 4 “You missed the apex, Jordi” COLUMNS 10 Shifting Gears Keith Martin 28 Affordable Classic MG's Rodney Dangerfield. Rob Sass 30 Legal Files When the chandelier starts bidding. John Draneas 44 Sheehan Speaks: The Japanese boom and bust. Michael Sheehan 48 English Patient What's with the $140,000 Healey? Gary Anderson 54 Porsche Gespräch Six models to watch in 2006. Jim Schrager 58 Domestic Affairs Makingmuscle drive like cars. Colin Comer 130 Motobilia The Rex Benson Collection. Carl Bomstead 132 Bike Buys The mega-collectible Megola. Paul Duchene 146 eWatch Sign, sign, everywhere a sign. Carl Bomstead 1947 Talbot-Lago T26: Class of the Field FEATURES 32 Ask the Experts: Amphibious Assault 34 Palm Beach Concours: The East Coast's Finest 36 Retromobile: Advertising and the Auto 38 Neige et Glace Rally: Minus the Snow and Ice 40 Collecting Thoughts: Twelve Rolls-Royce Myths DEPARTMENTS 12 Crossing the Block / Auction Calendar 14 The Inside Line 16 You Write, We Read 18 Display Advertisers Index 22 Neat Stuff 24 Our Cars: 1974 Triumph TR6, 1971 Rolls-Royce Silver Shadow Drophead, 1949 Chevrolet 3100 pickup truck 29 20 Year Picture 76 Glovebox Notes: 2006 Audi A3 2.0T Sport Wagon, 2006 BMW 325i 105 Alfa Bits 127 FreshMeat: 2006 Chevrolet Corvette Convertible, 2006 Land Rover RRSS, 2006 Ford F-150 Supercab 4x4 128 Automotive Investor: Beauty for $50k 134 Mystery Photo 135 Comments with Your Renewal 139 Crossword Puzzle This This car wasbuilt to last a lunchtime, not a lifetime. It failed to sell at $20k, then later at $15k. A few more trips across the block and I could have had it for free.—Dave Kinney's report on the Kruse Avondale sale begins on p. 110

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Shifting Gears Keith Martin Another Soft Adventure T he two emotions dominating the market today are exuberance—especially from new collectors—and wariness, from those who have seen this all before. I've just finished participating in the three-day, Miles Collier-hosted symposium, Connoisseurship 2006. This was my third time attending, and the second time I have been privileged to be a member of the faculty. In addition to Collier, who offered thoughtful presentations on the cur- rent state of collecting and restoring, other instructors included auctioneer and now collector-car financier Simon Kidston, historian Doug Nye, journalist and hot-rod specialist Ken Gross, custom coachbuilder Steve Moal, and collectors Fred Simeone and Eric Zausner. David Kelley, founder of design firm IDEO, and Stewart Reed, Chair of Transportation at the Art Center College of Design, offered perspectives on design and styling. The fifty participants were all serious collectors with a wide range of interests. While the formal seminars dealt with issues of provenance and restoration, discussions among the participants between sessions focused on the market. Here are my conclusions from the event, based partly on evidence, partly on my personal biases, and partly on what I have learned listening to others. SEGMENT BY SEGMENT Last issue, I predicted at least four more years of a climbing market. Today, I think it may last longer. This is barring any major upheaval in the world, from a civil war in Saudi Arabia that would deny the western world the oil it needs, to catastrophic natural events over which we have no control. The Baby Boomer generation has already become the AARP gen- Kidston prophecizes on supercar values It wouldn't be a long-term keeper like our 1963 Split-Window, but it's a driving experience I'd like to have, for a year or so. This same urge that is causing me to consider writing a check is driving others to feel the same way. SUPER CAR DU JOUR But not all cars will appreciate. At the Collier Seminar, Kidston led a class on the future of today's supercars. We had, on-site, a McLaren F1, a Ferrari Enzo and F40, a Porsche 959 and Carrera GT, a Jag XJ220, and a Bugatti EB110 and Veyron. It made for a handsome garage. In my opinion, these flavor-of-the-month cars have—with a couple of exceptions—nowhere to go but down in value. The McLaren is a surefire blue-chip collectible, with technological excellence backed up by true competition heritage. Winning at Le Mans is a nice “occupational experience” to have in your marque resume. And though the 959 looks like a 911 with a rather tail-heavy body kit grafted on, it will stay strong. This is partly because it was such a successful rally car, partly because it marked a highpoint in automotive technology, and because a large number of Porsche fanatics will always look to it as an icon. The F40 stands the same way. LM versions had some successes, and visually, with its outrageous Plymouth Superbird wing, the car was the first bad-boy Ferrari to come along since the Daytona. But here the water gets murkier. The Carrera GT looks like a Boxster from the front, has no competition history, and is being built in huge numbers (over 1,200 at last count). These factors alone guarantee no one will care in the long run. The Enzo will become as unloved as the F50 is, once the model sup- eration. This group, my generation, was the first in U.S. history to live in unparalleled wealth from birth. We have endured no depression, no pestilence, and no starvation, and we have consistently pushed back the aging process, both emotionally and physically. As our mortality becomes more apparent, we're aggressively seeking new experiences.We pursue “soft-adventure” tours, where gray-hairs get to rappel down mountainsides (likely with a helicopter hovering nearby just in case) or wrestle with alligators (after they have been properly sedated and de-fanged). This thrill-seeking translates directly to the car market. There are tens of thousands of Baby Boomers who haven't owned the Camaro they so desperately wanted in 1967. And each time they hear of a friend who has passed away, or who has had a stroke and requires a walker, it causes them to think that if they want that Chevy, now's the time to buy it. Which is why the muscle car market is so frothy. The purchases we are seeing have nothing to do with collecting, but everything to do with immediate fantasy fulfillment. And with such unparalleled wealth at its disposal, snapping up muscle cars has become one more soft adventure. My prediction now is that we'll see another decade of high demand for muscle cars. High-end, no-stories cars will continue to bring seven figures from serious collectors. At the same time, clones will continue to surprise with strong prices as fantasy-seekers pay for gloss over substance. I have long wanted to own a 1967–68 Camaro with a 327 or 350 and a 4-speed. It doesn't have to be an RS or an SS, just in decent shape, with some eyeball. That used to be a $15,000 car, and now it's a $30,000 one. I'm wondering if I should jump in now, before it's a $50,000 car. 10 planting it, the “Enzo X-treme,” hits the road. The EB110 is just a goofy afterthought, a made-up car with a made-up brand whose only redeeming value is its rarity. The XJ220, arguably launched with the worst PR campaign in his- tory, as well as a raft of Jaguar lawsuits against disgruntled customers, continues to be curvaceous, huge, and irrelevant. Finally, rather than concentrating on the Passats that paid the bills, VW's ex-chairman, Ferdinand Piech, managed to squander enormous resources on the new Veyron, a car that will never be more than a collecting afterthought, no matter how prodigious its performance. AT THE END OF THE DAY So how does all this relate to Hemi clones and SS 396s? Specialty car buyers today are after an emotional experience. As every supercar can go zero to 100 mph and back in the blink of an eye, with performance unusable except in a few deserted stretches of Montana or Nevada, they are bought as costume jewelry, expensive ways to show your buddies you've got more money than you know what to do with. On the other hand, cars from the '60s offer an emotional experience, and camaraderie with like souls. They speak directly to the heart. So while nearly all of the supercars above are going to slide down the value curve, the muscle cars will continue to climb. After all, when it comes to car collecting, the heart always wins. And the Baby Boomer generation that came of age in the '60s is getting in touch with its emotional roots for one last big, tire-burning, V8-powered, dual-quad fling.u Sports Car Market Birte Moller

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Crossing the Block auction world with its inaugural sale, held in conjunction with the annual Spring Swap Meet. On hand will be hundreds of classic cars, like a 1963 Split-Window Corvette from the Chip Miller collection. More modern fare will include a 1994 Porsche 911 Turbo and a 2000 Ferrari 360 Modena. Cox—Branson Collector Car Auction Where: Branson, MO When: April 21–23 Last Year: 130 cars sold / $2.6m More: www.bransonauction.com With more than 300 cars up '63 Corvette at Carlisle's inaugural collector car auction Kruse—33rd Annual Las Vegas Collector Car Auction Where: Las Vegas, NV When: April 7–8 More: www.kruseinternational.com Several hundred collector cars await bidders at the Las Vegas Hilton Convention Center. Chief among them will be a 1954 Devin hard top roadster, BMW-powered and built for vintage racing. Also look for a 58k-mile 1969 Dodge Coronet R/T Hemi, fully optioned with a Torqueflite automatic transmission, Rallye gauges, and more. RM Auctions—Toronto International Spring Classic Auction Where: Toronto, CAN When: April 7–9 Last Year: 203 cars sold / $2.9m More: www.rmauctions.com About 500 cars will be on hand at this, Canada's largest collector car auction. True to RM form, expect a wide selection of classics, hot rods, muscle, and exotics, including a 1988 Porsche 959, one of just 200 made. A techno-marvel, this Guards Red “Komfort” example comes with only 6,500 km from new. Sothebys—Super Car and Bike Auction Where: Moscow, RU When: April 13 More: www.supercarandbike.com Sotheby's returns to the collector car fold with its first-ever sale held in Russia. The firm's U.K. chief, Lord Poltimore, will oversee the proceedings, held in conjunction with the annual Super Car and Bike Show, as legendary Soviet-era machines 12 share space with international sports cars such as Koenigsegg, Lotus, Jaguar, and more. Carlisle Events—Spring Carlisle Where: Carlisle, PA When: April 19–23 More:www.carlisleevents.com Though no stranger to hosting big automotive events, Carlisle ventures into the collector car for sale over three days, this year's spring sale should not disappoint. The star car will be a 1953 Chevrolet Corvette, the 120th produced. Fresh from a meticulous restoration, it comes with all documentation, serial numbers, and date codes offered for inspection, as well as a spare engine from a '54 model. Bonhams—RAF Museum Where: London, U.K. When: April 24 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. E-mail auction info to: stefan@sportscarmarket.com APRIL 1—MIDAMERICA St. Paul, MN 7—KRUSE Las Vegas, NV 7-9—RM Toronto, Canada 8—SILVER Spokane, WA 11-12—H&H Buxton, England 21-22—CARLISLE Carlisle, PA 21-23—COX Branson, MO 23—BONHAMS Stafford, England 24—BONHAMS Hendon, England 24-25—BARONS Surrey, England 28-29—MECUM Kansas City, MO 28-30—RM Novi, MI Sports Car Market MAY 6—BONHAMS Brookline, MA 6—WORLDWIDE Houston, TX 8—CHRISTIE'S London, England 11-14—RM Los Angeles, CA 12—MIDAMERICA Minneapolis, MN 13—BONHAMS Newport Pagnell, England 18-21—KRUSE Auburn, IN 20—BONHAMS Monte Carlo, Monaco 20—KRUSE Topsfield, MA 24—H&H London, England 25-29—MECUM Belvidere, IL JUNE 4—CHRISTIE'S Greenwich, CT 9-11—LEAKE Tulsa, OK 10—RM Hampton, NH 16-18—MECUM St. Charles, IL 17—BONHAMS Northamptonshire, England 17—SILVER Coeur d'Alene, ID 23—MECUM St. Paul, MN 25—BONHAMS Sydney, Australia JULY 1—SILVER Jackson Hole, WY 7—BONHAMS Goodwood, England 8—CHRISTIE'S Le Mans, France 8—PETERSEN Roseburg, OR 22—BONHAMS Oakbrook, IL 22—MECUM Des Moines, IA 25-26—H&H Buxton, England 28—BONHAMS Silverstone, England Last Year: 35 cars sold / $807k More: www.bonhams.com Held among the fighter jets of the Royal Air Force Museum, this Bonhams fixture never fails to deliver. The 2005 sale saw a brace of antique Ford Model Ts and As cross the block, part of a 90-strong collection consigned by a private German enthusiast. Though the catalog has not yet been finalized, expect a healthy smattering of English, German, and Italian marques, and maybe a few more Ts. Mecum Auctions—K.C. Dream Classic Where: Kansas City, MO When: April 28–29 Last Year: 139 cars sold / $2.3m More: www.mecumauction.com It will be another all-muscle affair at this Midwestern Mecum staple. Expect to see lots and lots of chrome, especially on one show-quality 1969 Chevrolet Camaro Z/28, with a polished Cross Ram intake and fully balanced and blueprinted 302-ci V8.u

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The Inside Line SCM Happenings n Last chance to sign up. Steve Austin's Great Vacations and Keith Martin invite you to join the Car Collector's Dream Tour to the Goodwood Festival of Speed, July 210, 2006. In addition to the world-renowned Festival, visit museums, important factories, restorers, and auctions during the day, then meet guest celebrities such as Sir Stirling Moss and Derek Bell in the evening. Tour size is strictly limited. 800.452.8434, steveaustin@colton.com. (UK) n Welcome to Wendie Standish, our new Director of Sales and Advertising. She has been involved with the printing and publishing industry for over 15 years. She spent “every weekend playing jungle-gym under the stands at the dragstrips” when growing up, as her father, Richard Ewing, is a professional high-performance engine builder and founder of the Northwest Prostreet Racing Association. New additions to the SCM sales team include Ed Prisco, who spent four years with Trader Publications, and Zander Hill, most recently our advertising and subscriptions coordinator. Filling his position is Cathy Griffis, whose previous life experiences include drag racing a 1970 Nova. n Congratulations to SCM advertising executive Cindy Meitle, who won SCM's 2005 MVP Award. Meitle has been working in the industry for over twenty years, the past four of which have been with Sports Car Market. Art by Robert Williams at RM's Kustom Kulture sale News n Jack Telnack, retired vice president of corporate design for Ford Motor Company, has been named Grand Marshall of the 2006 Glenmoor Gathering. Telnack headed the design team that developed the company's aero look of the '80s and '90s, including the 1983 Ford Thunderbird. His team also introduced New Edge Design, as seen in Ford's European Ka and Puma. www.glenmoorgathering .com (OH) n The Hilton Head Concours d'Elegance has announced that its name has changed to the Hilton Head Concours d'Elegance & Motoring Festival. The name change reflects the event's growth since its inception in 2002 into a four-day celebration of motor vehicles. www.hhiconcours.com (SC) MVP Meitle 14 n Designer Chip Foose, founder of Foose Design, won the America's Most Beautiful Roadster award at the Grand National Roadster show with his “Impression” car. The car will be on display at the Petersen Automotive Museum's “Chip Foose: From Pen to Pavement” exhibit through November 12. www.petersen.org (CA) is a non-profit event, and no admission will be charged. www .continentalautosports.com (IL) n RM Auctions is kicking off their new Pop Culture Division with a sale featuring the Brucker Brothers' Kustom Kulture Collection on May 13–14 at the Petersen Museum. The collection includes the largest private collection of Von Dutch memorabilia, as well as influential artists like Robert Williams and Ed “Big Daddy” Roth. www.rmauctions .com (CA) n This Memorial Day weekend, the 2006 Inaugural Newport Concours d'Elegance will take place in Newport, RI, May 26–28. The event will be held on the oceanfront grounds of the Astor's Beechwood Mansion, and will feature over 100 rare classic automobiles. www .newportconcours.org (RI) n The 29th Annual Original British Car Day, presented by the Chesapeake Chapter of the New England MG “T” Register, will be held on June 4. More than 500 British cars of all marques will be in attendance at the Lilypons Water Gardens, in Buckeystown, Maryland. Organizers encourage participants to bring their pets and a picnic lunch. www.chesapeakechaptermgtclub.com (MD)u Event Calendar Ferrari Art & Lit Expo – April 1 www.continentalautosports.com Keels and Wheels – May 6–7 www.keels-wheels.com RM Auctions Pop Culture Division Auction – May 13–14 www.rmauctions.com Chip Foose Events n Continental AutoSports and the Ferrari Club of America will host the 25th Annual Ferrari Art & Literature Expo on April 1 in Hinsdale, IL. Vendors will be selling original paintings, lithographs, posters, and collector volumes, as well as die-cast models and memorabilia. This LeMans 1000 km at Spa – May 13–14 www.lmes.com Newport Concours d'Elegance – May 26–28 www.newportconcours.org Cannonball One Lap of America – May 6–13 www.svra.com Original British Car Day – June 4 www.chesapeakechaptermgtclub.com Sports Car Market JUNE MAY APRIL

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You Write We Read All letters are subject to editing. Please address correspondence to SCM, PO Box 16130, Portland, OR 97292. Fax 503.253.2234, e-mail: youwrite@sportscarmarket.com HOW MUCH IS THAT DINO IN THE WINDOW? Dear SCM: I am a steady reader of your magazine, an owner of two fine cars—a Ferrari 330 GT Series II and a 365 GTC/4 (U.S. car)—and have the briefest of questions. I have been looking for a 2.4 Fiat Dino Spider. I know what I am getting into (a '70s Fiat-built body with an engine designed by Leonardo but built by Mickey Mouse) and that they are hard to find, as there are only 420 or so of the 2.4 Spiders, most in Europe. Your guide reports Fiat Dino Spiders at $22,000–$35,000. The latest one I found, in Italy at Platinum Classic Cars, is $95,000. Normally I would not be concerned, as there is always someone out there willing to pay that, and would wait patiently for others; however, this is getting to be a pattern. If the reality is the owners believe they have a gold mine in each, then I will look to my second choice, a 246 GT coupe before they get back out of sight. I am buying to own, not speculate. Any advice?—Michael Bayer, via e-mail Steve Ahlgrim responds: Since there were only 400 2.4-liter Fiat Dino Spiders ever built and they were never officially imported to the U.S., I'd expect to find maybe four or five examples advertised for sale in the U.S. in any year. A few more may trade hands privately, but the offerings are slim. Don't mistake rarity for value. Something's worth what someone will pay for it, but its “normal” value may be much less than its “gotta-have-it” single sale result. If an 80-year-old millionaire wakes up one morning and decides he want a Fiat Dino before he dies, he may pay $90,000 for one. On the other hand, if you are looking to sell one in three months from a Hemmings ad, then the SCM value is probably on the money. Ed Waterman at Motorcar Gallery in Ft. Lauderdale, Florida, is about as close as you get to a market-maker in Fiat Dinos. He recently sold a driver-quality 2.4 Spider for around $30,000. Waterman sees $50,000 as the top of the market. 16 Sports CarMarket Editor & Publisher KEITH MARTIN General Manager DAVID SLAMA V.P. Business Development/ General Counsel ROB SASS Art Director KIRSTEN ONODAY Senior Editor PAUL DUCHENE Editorial Manager KRISTEN HALL-GEISLER Auction Editor STEFAN LOMBARD Copy Editor BILL NEILL Senior Auction Analysts DAVE KINNEY RICHARD HUDSON-EVANS Auction Analysts B. MITCHELL CARLSON DANIEL GRUNWALD I know what I am getting into, a '70s Fiatbuilt body with an engine designed by Leonardo but builtby Mickey Mouse Expand your search before you put out the big bucks. Try www .DinoSpider.com for some good leads and follow the link to Wally Clark's excellent The Other Dino publication. It may take you a while but you'll find a good car at the SCM value. IF WE DIDN'T LAUGH, WE'D CRY Dear SCM: Congratulations for always being informative and amusing. For the past four years, I've enjoyed my bright red 1990 Porsche 928 GT (132,500 miles) that never gives me a bit of trouble (everything original except the tires and radio). Your goodnatured lambasting of the 928 always leaves me laughing, and your March 2006 issue (p. 62— “world's fastest school bus”) was no exception. Keep up the good work and good humor.—George Salmas, Manhattan Beach, CA ORIGINAL OR RESTO Dear SCM: Love the maga- zine and Keith Martin's participation in the Speed coverage of the Barrett-Jackson auction. A good friend of mine just inherited a very desirable car from his father-in-law. I had heard about it for years, but never saw it. He brought it by the house the other day for me to see and drive. It is a 1969 Corvette 427 T-top coupe. I think it was originally a green-ongreen car, but it now has a silver respray in ugly shape. The car has 60k original, one-owner miles. Everything is original, aside from the respray, and the interior is showing worn spots aplenty. Should he leave it as is? He says he wants to keep it, but driving it around in that condition doesn't do it justice and seems “low-ebb” to me, like he can't afford to keep it up. If he does a cosmetic resto, does that devalue it? Is it worth more restored or in the original, tired shape? He said he has all the service records, but doesn't know if he has the order sheet or tank sticker. Weren't there different 427s available, some rarer than others? Can I get a reprint of verification of this from Chevy?—Michael Orbinati, Greenville, SC Colin Comer responds: While more information is needed for a definitive answer, I'll make some assumptions and wing it. In 1969, the base 427 had 390 hp, with many options above that. You do not mention which engine it has, or if it is a four-speed or an automatic. Let's assume a 390-hp, auto- matic, a Mr. Yuk-green car that in #1 condition is worth $25k or so. A restoration to #1 condition would be over $70k, putting you financially underwater before you start. Finished, you have a very Contributing Editors STEVE AHLGRIM GARY ANDERSON CARL BOMSTEAD COLIN COMER JOHN DRANEAS DONALD OSBORNE JIM SCHRAGER MICHAEL SHEEHAN THOR THORSON Contributors JOHN APEN KATHYDONOHUE RAYMOND MILO MARIT ANNE PETERSON STEVE SERIO Web Analyst JASON GLASPEY Internet Specialist MATT KING Financial Manager NIKKI NALUM Strategic Planner BILL WOODARD ADVERTISING Director of Sales and Advertising WENDIE STANDISH 877.219.2605 ext. 255 wendie.standish@sportscarmarket.com Advertising Sales ZANDER HILL 877.219.2605 ext. 213 scmadvert@sportscarmarket.com CINDY MEITLE 877.219.2605, ext. 262 cmeitle@sportscarmarket.com ED PRISCO 877.219.2605, ext. 212 ed.prisco@sportscarmarket.com Branding and Events DONALD OSBORNE 877.219.2605, ext. 258 dosborne@sportscarmarket.com SUBSCRIPTIONS Subscriptions Coordinator CATHY GRIFFIS 877.219.2605 ext. 211 cathy.griffis@sportscarmarket.com New 800.289.2819 Current 877.219.2605, ext. 204 service@sportscarmarket.com fax 503.253.2234 www.sportscarmarket.com CORRESPONDENCE General P.O. Box 16130 Portland, OR 97292 FedEx/DHL/UPS 8236 SE Ash St., Portland, OR 97216

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green car that, honestly, is not that desirable unless your local Eco-geeks are looking for a collectible staff car. Since it is already rough and not original, you can't devalue the car. My advice? Do a proper, not perfect, repaint in a better color, an interior kit in a complementing hue, and basic mechanical freshening and detailing. This should be around $20k. The end result is an attractive, yet incorrect, 427 'Vette worth $25k, plus or minus, that your friend is not financially buried in. Paperwork is not available from Chevrolet. Hopefully, the tank sticker is stuck to the tank, or some original paperwork is with the car. If not, I'd recommend an inspection by a Corvette expert to document the car. THANKS FOR THE MEMORIES Dear SCM: We recently purchased a copy of your book Collecting Jaguar, and on page 22 we found to our great surprise and pleasure an article on the XK 150 we purchased mid-2004. Les Hughes of the Australian Jag Mag has just done a story on the history of the car, which tells more of the car from when you saw it at auction in May 1991. The car is still in the pristine condition it was in then, and the miles are now only 60,000, although the paint is showing its age. We intend to paint the car this year. The rubber door and windshield seals also need attention, and we will replace the perished rubbers as we go. The leather and all the rest of the car is great, so we are definitely not doing a restoration as it just does not need it. Sadly, someone got away with the “D-type” wheels and we are on the lookout for a set, so if anyone can help, we'd be very pleased to hear from you. Thanks for the story in your book about our car. It is thrilling to see a photo of our XK in such a world-famous collectors' edition as your Collecting Jaguar book.— Warren and Betty Holmes, Western Creek, Australia Keith Martin responds: I clearly remember seeing this car in Monte Carlo in '96 (was it that long ago?). It was absolutely stunning in its gray livery, and having the correct wheels made such a difference. I hope you can find a May 2006 Someonegot away with the “D-type” wheels andwe are on the lookout for a set set; readers can forward their tips to youwrite@sportscarmarket.com, and we will pass them on. Dear SCM: I am an avid Alfa fan and for my sins I edit the Giulietta Register club magazine, www.giulietta.com, and co-run the SZ Register at www.szregister .com. I have just bought from Japan an early 1956 Sprint Veloce, S/N 01722. I am researching the history of the car, and knowing Keith Martin was a major Alfista, I was delighted to find out last night that he was a previous owner of this car. I am writing to ask if he can fill in any details on its history. I know the original owner from Archivio Storico was in Milan (details also in Anselmi). The car, which is soon to be shipped to me in the U.K., comes with a Torino plate and a picture of the car fitted with it (I suspect this pic was taken in the U.S.). An Italian friend and Alfa fan in Bergamo is going to check the Italian ownership from the Torino registration (264799 TO). I have information from Carey Kendall, who handled the sale to Japan, that Martin owned the car in the early 1990s and started on the restoration at a shop in Laguna, California, and that it then went to a Robert Cole, who completed the restoration in Redding near San Francisco. It was Cole who sold it to a Japanese collector in 1995 and there it has stayed till I bought it this week. I would be most grateful if Martin could rack the brain cells and let me know anything he can remember about the car. Especially how did the car get to him and where from, what was the condition of the car then, and where was it restored. Any documents or photos would be fantastic, or any information at all, but this may be asking too much!—Paul Gregory, via e-mail Keith Martin responds: I bought this car from Joop Stolze, in Holland. An orchid grower, Stolze kept his inventory of collectible cars amidst the flowers, where they enjoyed the heat emanating from the floors. It was a true lightweight, and arrived via ro-ro in rough shape but complete, including early Webers, tunnel-case box, lightweight trim, etc. It was numbersmatching as well. I owned a shop at that time, Exotics Northwest. Kendall purchased the car from me, and commissioned a complete, ground-up restoration. So far, so good. However, while it was being re- stored, circa 1991, as I recall, the market collapsed, and a variety of issues led to the restoration being done to a not-very-high standard, and certainly not to the level that Kendall's cars were known for. My recollection is that he took the car to Kevin Kay Restorations in California, and had the car completely re-restored, this time to his satisfaction. He then resold it locally, and that's the last I heard of it until now. I've owned several early Sprints, and they are right at the top of my all-time, must-have-onein-my-collection-always cars. I'm glad the car is now with a good owner, who will appreciate and maintain it properly. MAKING YOUR CAR WORK FOR YOU Dear SCM: Please let me share with you my rationale for my '78 Porsche 924 restoration that you feel is misguided. I have wanted a 924 since I saw pictures of them in my father's 17

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Ad Index Auto Collections ................................... 101 Autosport Designs Inc ............................. 93 Bald Head ................................................ 57 Bart Holland B.V. ................................. 115 BB One Exports .................................... 125 Bonhams & Butterfields ...................... 7, 31 Bonhams ................................................. 37 Boyd Coddington Collector Car Auction ............................. 89 Brian D. Moore Restorations ................ 143 Buyer Services International ................... 65 Carlisle Events ........................................ 85 Christie's ................................................. 69 Classic Car Financial .............................. 71 Colin's Classic Auto ................................ 75 Columbus Motor Classics ....................... 77 Continental Western Group ................... 145 Copley Motorcars .................................. 138 Cosdel ................................................... 145 Doc's Jags ............................................. 144 Dragone ................................................... 49 Exotic Car Transport ............................. 144 Family Classic Cars .............................. 103 Fantasy Junction .....................................111 FECC Passport Transport ........................ 67 FerrariPortal.com .................................. 138 Fourintune Garage Inc .......................... 145 GMP Diecast ........................................... 87 Gooding & Company ................................ 2 Goodwood Tour ...................................... 99 Gran Prix Imports ................................. 143 Greenwich Concours ............................. 119 Grundy .................................................... 11 Hagerty .................................................. 148 Healey Werks ........................................ 109 Horseless Carriage ................................ 145 Hotseat Chassis Inc ............................... 144 Hyman, LTD ........................................... 81 Intercity Lines ......................................... 51 JJ Best ................................................... 137 JR Rouse ............................................... 133 Jaguar ........................................................ 9 Kensington ............................................ 125 Kruse International .................................. 97 Maserati ................................................... 33 Mecum Auctions ............................... 57, 71 Morris and Welford, LLC ....................... 21 Parish Heacock Insurance ....................... 29 Park Place Ltd. ................................ 23, 123 Paul Russell ........................................... 121 Precision Autoworks ............................. 138 Premier Financial Services ................... 147 Putnam Leasing ....................................... 15 Renaissance Design .............................. 144 Re-Originals ............................................ 91 RM Auctions ........................... 4, 13, 19, 25 Ron Tonkin .............................................. 79 RPM Autobooks .................................... 145 Silver Auctions ...................................... 135 Symbolic Motors ....................................... 3 TNC ...................................................... 144 Tubi ......................................................... 83 Vintage Motors of Sarasota ................... 113 Vintage Rallies ...................................... 107 VintageAutoPosters.com ....................... 143 VIR The Gallery ..................................... 95 Wholesale Life Insurance Brokerage ................................................ 73 Worldwide Group .................................... 26 Zymol ...................................................... 55 18 car magazines when they were new. The styling is beautiful and unique, as attested to by Mazda's copying of the design for its second-generation RX-7. The rear seat legroom is better than most coupes, and the hatchback means that I can carry our three girls and all their gear to school with room to spare. The 924 uses a workhorse 2-liter, non-interference engine, which it shared with some Audis and VW vans. It's no drag racer, but the good low-end torque and excellent gear spacing on the manual transmission provide for a zippy ride. Its near-50/50 weight distribution provides excellent handling. Many of the parts are sourced from VW, which makes them cheaper than Porsche-exclusive parts. The aftermarket support is outstanding. The most common problems with these engines involve the mechanical fuel injection. I've eliminated this by converting to dual side-draft 40 DCOE Weber carbs. I have no illusions about making money on this car. It was purchased to be a fun daily driver that I can take to local shows. For about the price of a ten-year-old Chevy, I have a neat, sporty car that makes me smile every time I get behind the wheel.—Phil Menhusen, Mankato, KS Jim Schrager responds: I agree fully with your selection of a car and your plan to use it. For what you want to do, the 924 fits the bill without busting the bank. You are an independent thinker. You have built this car for your own purposes, have understood the pros and cons, and the car works well for you. There is no way we would ever second-guess your choices, especially since the car makes you smile. But we also have to write for an audience that in many cases tries to come out financially ahead in their ownership experience (even though our esteemed editor almost never does). So while the 924 fits the bill for you, we often find it doesn't work for others due to the limited price upside of this model. And that's what our mission at SCM is: to comment on market prices for sports cars. In fact, my TR8 is probably a little more fun than my 911T on certain days FUN IS IN THE EYE OF THE BEHOLDER Dear SCM: After reading about the Martin Rating system, I could hardly wait to see its application. In principle, it sounds very fair. The Fun factor is where it gets a little crazy and seems to be highly subjective. Let's look at the Triumph TR8, which scored very well in all but the “F” category, where it got a 10 of 20. The car drives like it's on rails, has readily available parts, is not difficult to work on, sounds great, and is a roadster with very low wind turbulence. Why a 10 when a Porsche 911T gets a 16? I have both cars and don't see that much difference; in fact, the TR8 is probably a little more fun on certain days. And an MGC gets a 17? It's a tank, and parts have to be murder, not to mention trying to work in an engine bay designed for a four with a six in it. The Fiat X1/9 also got ripped in the “F” factor, with a score of 6. I've not owned an X1/9, but I have never read anything other than that they are fun to drive, parts are not a problem, and, yes, they could be difficult to work on, but a 6? The Fiat 124 shouldn't be an 11, either. Will scores be re-evaluated periodically? Will you be ranking cars such as a Renault Alpine A110 and 310? I bet you could hardly wait for these discussions to begin. Lots of color. I'm having fun reading your magazine each month. By the way, I met Jason Glaspey of your staff at the vendors' display in Scottsdale and renewed my subscription for an- other year, taking advantage of the show special. Thanks for the great job you do in keeping us car nuts entertained and informed.—Gary Eye, Hamburg, NY Rob Sass responds: Gary, thank you for your letter. It highlights the multi-pronged approach the rating system takes to the concept of “fun.” If you look at “fun” as simply synonymous with driving pleasure, then a car like a Maserati Biturbo might score reasonably well. However, “fun” in that case would likely be a transient concept when the owner soon realizes that the car is horribly unreliable, parts are a nightmare, most of the Maserati clubs avert their eyes from the Biturbo, and it is not eligible for a single event of note, so your suffering would be in solitude. And that's not to mention how you'll feel when it eventually sets fire to itself and burns down your garage and house as well. While the TR8 is not as ex- treme an example, perhaps an analysis would be helpful: As far as reliability goes, the TR8 was produced at a particularly bad time for the company then known as JRT (Jaguar, Rover, Triumph). Quality was miserable, the cars overheated, and they suffered from the usual British electrical issues. It gets a 2/5. The TR8 will not be welcomed at any major events like the Colorado Grand or the Copperstate 1000; it's strictly a club-event car—1/5 here. There is, of course, huge club support for TR8s, although minor parts are not as easy to source as with a TR6. It gets a 4/5. Finally, since most of us move on eventually, it's a lot more fun to be able to find a buyer readily and not lose money Sports Car Market

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You Write We Read Who is going to buy these tarted-up Darts and Falcons? when that day comes. TR8s have yet to achieve flavor-of-the-month status; however, as one of the last inexpensive British V8 drop-tops, they are showing signs of awakening from their slumber—a 3/5 here. Hopefully this has clarified the “fun factor” a bit. And yes, the ratings will be re-evaluated periodically; the “current market appeal” factor demands that we do so. As for the demons from Dieppe, the Alpines, look for them to be ranked when they are added to the next edition of the Pocket Price Guide. WORTH A PROFILE, AND A LETTER Dear SCM: I read with inter- est your article on the 1951 Land Rover Series 1 (February, p. 50), and was impressed that you feel the model worthy of mention in your magazine. I have long felt the earlier examples have been undervalued and can remember very good examples being “competed to death” in trials, which I always thought a little unnecessary. One major omission from the article was the differentiation between models and how age and rarity affects values, which it does greatly. To lump all Series 1s together is unfair, as (rare nonproduction models aside) there is a hierarchy in collectibility with these things. Generally speaking, 1948–50 examples, with their “light behind the grille” headlight arrangement, are the most highly sought. The cross-over models, such as the one you featured with a full grille and big lights poking through, were made for a short time and are rare but slightly less collectible, as they are deemed not quite so pure. Then the full grille disappeared and became an inverted T shape; these are deemed less pure still and are by production numbers alone more common. In 1954, the 86-inch wheelbase replaced the 80-inch and a long wheelbase model was introduced. Whilst all termed “Series 1,” these are an entirely different animal altogether, and, again, generally less rare due to manufactured numbers. I could go on (but thankfully for you, I won't). To my point. One statement I thought was ill-informed was the comparison between this example and others that have made it through auction in recent years. I quote: “There might be a better Series 1 out there, but I'd be surprised. The most recent excellent one in the SCM Gold database was sold by H&H on October 3 for £21,706, but didn't have the trailer and certainly not the same level of restoration.” There is no need to dismiss another vehicle to praise by comparison the example you are featuring. Further, your statement is untrue. The example sold by H&H was in fact at least as good as the car you featured, and I suggest better—for a number of reasons. I could point out some glaring unoriginal features on the featured car, visible from even a cursory glance at the photographs printed; however, it appears to be generally excellent in most respects. The H&H car was restored over a period of 30 years as a labor of love. All of the car's original components remain on it, with the 20 exception of a factory-supplied and -fitted reconditioned engine of the correct type, which was fitted in the 1950s. Virtually every nut and bolt on the car was reused and replated (in zinc, not cadmium, as you state) and replaced and the car remains in genuinely factory-fresh condition. Further, it is untrue that the paint is supposed to be “eggshell, not shiny.” I agree that these vehicles look better when not too shiny, but that is a matter of personal choice. Factually speaking, they were painted in gloss paint by the factory. My knowledge of Series 1s has been gleaned over 21 years of ownership of perhaps 30 of the damned things, one of which was sold to Ralph Lauren for his collection many years ago. And I know the H&H car well, as I inspected it for a client of mine who subsequently bought it on my advice and who now stables it alongside a pre-WWI Silver Ghost. Keep up the good work with the mag. It is the best of reads.— Julian Shoolheifer, Walden, U.K. Paul Duchene responds: Mr. Shoolheifer's point about comparative restorations is well taken—it's difficult to win an argument over whose blue is bluer. You could argue that the price reached by each of the Series 1 Land Rovers in question determined which was better, but recent prices at Barrett-Jackson, where condition of the car didn't always seem to be directly related to the price made, dismiss that argument, too. Perhaps the significant conclusion to be drawn is that on any given day it's who's in the audience that really makes the difference. STOP THE MADNESS Dear SCM: Fantastic magazine—without a doubt a favorite for the family, not all of whom are car nuts. Keep your work great and your sense of humor sharp. But enough with the muscle cars already! I'm old enough to remember the early Camaros, Barracudas (I owned one), Mustangs, 442s, etc., and with very rare exceptions they were all junk. They were poorly made, used barbaric “engineering,” had virtually no brakes whatsoever, and remain the most ill-handling death traps to ever understeer off the road. Worse, they perpetuate the myth, so prevalent in the U.S., that horsepower equals performance, which as a track instructor I can tell you is utter nonsense. And like wine, age alone does nothing to improve a mediocre or poor vintage—or in this case, vinegar. I feel a bit sorry for the folks jumping into this mega-bubble late in the game. This is going to make the Internet stock bubble look incidental when it bursts. Retiring Boomers will eventually have to migrate to the selling side of this circus. Who is going to buy these tarted-up Darts and Falcons? Certainly not the GenXers; they think they're laughable, pathetic at any price, let alone hundreds and hundreds of thousands of dollars. We can all take a page out of Peter Lynch's book and make every attempt to buy quality. It never goes out of style, be it stocks or collectible cars.—Fred de Napoli, via e-mail WE USE THE NEW MATH Dear SCM: The Opel GT article (March, p. 26) has a real math problem, I believe. You state it does the 1/4 mile in 15 seconds with a trap speed of 150 mph. I don't think so! My 1936 purposebuilt, tube-frame Chevrolet dragster, with about 700 hp, runs the 1,320 in 9.9 seconds at 138 mph. The Opel, with a 1.9-liter, 102-hp, four-cylinder engine, probably does more like 15 seconds at 105 mph.—Brian Ross, Portland, OR Rob Sass responds: Brian, thanks for spotting the typo in the performance figures for the Conrero racing version of the GT. Terminal velocity in the quarter is probably 105 mph, as he states, rather than 150 mph. ERRATA • The 1961 MGA listed under “Comps” (January, p. 66) was misidentified as a 1967. • Kruse International lot 2857 (March, p. 61) was a modified Jaguar S saloon, not a Mk II. • None of the cars in “Restoration Man,” (April, p.34) nor any cars Dave Martindale has sold, were purchased at a salvage auction. Also, Alan Budden runs his own company in Portland, Oregon, Alan Budden Pinstriping.u Sports Car Market

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Morris & Welford, llc SPECIALIST HISTORIC CAR CONSULTANTS AND BROKERS 1948 Delahaye 135M Cabriolet by Pennock Chassis Number 800692 is an original 135M Delahaye that was sold new to the USA. The car is fitted with both its original Cabriolet coachwork by Pennock of Den-Haag, Holland and its matching number 3.5 litre, straight six, engine with triple Solex carburetors. With a known history from new, it was restored by marque specialists in America and achieved a class award at Pebble Beach in 2003. Suitable for either grand touring events or the show field. Other Cars Available 1906 F.I.A.T. Targa Florio Type 24/40 1911 Rolls-Royce Silver Ghost Tourer by Alford & Alder 1912 Premier 4-40 Seven Passenger Tourer 1921 Rolls-Royce Silver Ghost Dual Cowl Open Tourer by Barker 1938 Bugatti T57 Cabriolet by Letourneur et Marchand 1949 Alfa Romeo 6C 2500 SS Cabriolet 1952 Siata Daina Gran Sport 1963 Corvette Sting Ray Convertible (same family from new) 1965 AC Cobra Mk II 289 (original rhd) Miles Morris P. O. Box 1167 Weston, CT 06883 Phone: 203 222 3862 Fax: 203 222 3863 Cell: 203 722 3333 E-mail: miles@morrisandwelford.com Malcolm Welford 2900 Bristol Street, Suite C-205 Costa Mesa, CA 92626 Phone: 714 434 8562 Fax: 714 434 8155 Cell: 949 500 0585 E-mail: malcolm@morrisandwelford.com www.morrisandwelford.com

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Stuff Neat by Kristen Hall-Geisler Put this one on your Father's Day list now to give the kids time to save up: The Hotseat Racer race-gaming chair has Dolby Digital surround sound delivered through five satellite speakers and a powered subwoofer. The adjustable simulation system is constructed of welded steel and engineered to work with PlayStation, XBox, and Gamecube. $589.99. www.hotseatinc.com WHAT YOU NEED AND HOW TO GET IT For SCM's test of the Hotseat Racer, we used theOfficial NASCAR PC race-ready package, which includes a NASCAR-themed 19” flat-panel LCD, Momo wheel, keyboard, mouse and NASCAR SIM Racing 2006. Play it straight to win the season, or do as we did and use the realistic seat and force-feedback wheel to crash into every other car on the track. $1,889. www.hotseatinc.com Coker Tire has created what it calls “the ultimate muscle-car tire,” the BFGoodrich WideProfile Redline Radial. It features the BF Goodrich V-Block tread patterns and Redline sidewall, and combines modern construction with the look of authentic muscle-car-era rubber. $152-$165. 800.251.6336, www.coker.com Fifteen years ago, Jacques Pozzo di Borgo bought his first Maserati. Since then, he has amassed a $5m inventory of NOS, used, and remanufactured parts he now offers through his Web site, www.maseratisource.com. More than just a parts source, the site fosters a sense of community among Maserati owners through its tech section, which offers free membership and advice, and its Yahoo! Group service. Maserati newbies would do well to start here. 800.392.9904, www.maseratisource.com Some days are spent tearing up the tarmac, others are spent toiling away at your desk. Work can be a little more inspired with this refillable wood gear shift pen, made from chrome and polished Italian wood. $24.95. 800.826.8810, www.pwmenterprises.com If you're in the market for aftermarket gauges and need to maintain a clean, sleek look in your car's interior, the new CustomLine meters from Sunpro may fit the bill. These meters have a two-inch black dial face, and a black satin panel is included for a custom appearance when mounting. Sunpro's customer service center is staffed by ASE-certified technicians to answer questions from installation to calibration. 800.228.7667, www.spx.com 22 Sports Car Market

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SCM Our Cars Duck, Duck, Goose 1974 TRIUMPH TR6 Owner: Paul Duchene, Senior Editor Purchase date: February 2006 Price: $6,000 Mileage since purchase: 1 (starter quit immediately upon purchase) Recent work: Dried and cleaned interior and trunk, threw away carpet, replaced starter motor I blame “Affordable Classics” author Rob Sass, really. He had just bought an MGC in Seattle and came by so I could drive it. While in the C, we drove by this mimosa yellow TR6 sitting in a driveway near me. “Look at that great original car,” I said. Then we noticed a “For Sale” sign I hadn't seen before. My 2CV was bound for an SCM subscriber in Scottsdale, I had cash in my pocket, and you can guess the rest. The TR6 is a one-owner, 94,000-mile car, dead straight, no rust, seat covers since new, uncracked dash, and near-new tires. Garaged until a year ago, it had been flooded by this winter's 38 days of continuous rain in Portland, Oregon. It has a hard top, soft top, tonneau, and boot, plus the right tools, jack, and books. Best of all, it's a '74, so no Oregon emissions to pass. On the downside, the brakes are dragging, the exhaust leaks, the fan doesn't blow, and the trunk panels, carpet, and hood shroud must be replaced. It needs a tune-up, valve adjustment, and perhaps rear shocks. But the differential mounts are uncracked, and the lights, wipers, and stereo work. In my brief drive the transmission was quiet, though the clutch is clearly heavy duty. As I stripped the interior, I leaned against the top, which, it turns out, was merely resting in place and not fastened. Only with a British car would you think that a starter failure, which precluded a roof-blowoff on the freeway, was good luck. 1971 ROLLS-ROYCE SILVER SHADOW DROPHEAD Owner: John Apen, Contributor Purchase date: February 1998 Price: $34,900 Mileage since purchase: 3,553 Recent work: Refinished wood door caps A Rolls collector at the Barrett-Jackson bidders' bar recommended my 1971 Silver Shadow. He had seen it at a Florida dealership and described it as “the best chromebumper drophead he had ever seen.” Since I always told prospective Ferrari buyers, “Every man should have one before he dies,” I figured it was time to apply the same rationale to getting a Rolls. Any Rolls, especially a Shadow two-door convertible, elicits compliments. At the last car show I went to, in Atlanta's Oakland Cemetery, I was driving slowly and silently among the tombstones. A startled lady pedestrian leaned over and said, “That's the most beautiful car I have ever seen.” So among those of a certain age (and new brides), it is a big hit. The car is very nice, very original, and full of challenges. The first-series Shadows, built from 1966 to 1976, are complex, with congested engine bays which make them expensive to maintain. Deferred maintenance? Easily $7,000–$10,000 to bring a car up to snuff if it's been neglected. Many people can afford to buy used Rolls, but not many can afford to drive one. The Rolls club is full of helpful people and has great tech seminars. What other club has members working under a car on a lift in the parking lot? At one annual meeting, a seminar titled “How I Kept My Shadow Running for 100k Miles” was well attended. Many club members are ever mindful of the legacy from the Henry Royce days and are intent on perpetuating “the triumph of workmanship over engineering.” And they are great cars, even when occasionally they “fail to proceed.” 24 I was planning on building a new garage and garden shed, plus some landscaping, so I had a good excuse to buy a pickup truck. Naturally I didn't want a normal, late-model, cheap pickup truck—it had to be something with character. The wife and I went shopping at the big Jefferson, Wisconsin, swap meet. It was the last day of the meet when we arrived, so most of the real deals were bound to be gone, but I found a 1949 black 3100 that needed some paint. It looked to be an older restoration with decent interior and a smooth-running engine, and completely stock in all respects. The owner was Bill Grams, who also owns the Volvo Car Museum in Illinois. I wasn't able to talk him down on the price despite my “walk away and return later” strategy, but the price seemed fair—and the truck shared my wife's birth year, so I bought it in her honor. I have hauled some mulch and lumber in it, and am seriously thinking about painting it. Other than some carb work, it has run flawlessly. With a pair of bib overalls and a straw hat, I'm sure I look the part when driving it. The top speed in the 45- to 50mph bracket takes some getting used to, but I have learned patience when driving it, and people have been tolerant of my slow pace. I probably get as many thumbs-up in this as in my Corvette. I like the old truck a lot and still feel that $7,000 was fair, but if I had been at the swap meet a day earlier I bet I could have gotten the guy to sell it cheaper.u 1949 CHEVROLET 3100 PICKUP TRUCK Owner: Dan Grunwald, Auction Analyst Purchase date: April 2003 Price: $7,000 Mileage since purchase: 1,200 Recent work: Re-attached choke spring and thinking about new paint Sports Car Market

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Affordable Classic 1967–69 MGC The MGC was the first in a string of half-baked ideas that turned the British motor industry into a historic-preservation trust by Rob Sass F blood. And they drew plenty: “clumsy,” “nose-heavy,” and “not particularly nimble” were among the kinder epithets. While not a bad car per se, the C was the first in a string of half-baked ideas that turned the British motor industry into a historic-preservation trust rather than an actual industry. By the mid-'60s, it was clear that the charismatic and well-loved Austin-Healey 3000 was nearing the end of its 14-year run. The 1968 safety and emission laws were the final nail in its coffin. BMC desperately wanted to keep a big six-cylinder car in its range of popular sports cars, but as usual, there was no budget to engineer a new car. For the sake of expedience, someone suggested stuffing a big six under the bonnet of the MGB. Donald Healey wisely demurred when BMC asked to badge the MGC as an Austin-Healey as well as an MG. THINK MGB + 2 CYLINDERS Strangely, although the Healey lump and the MGC engine both nominally displace three liters, they're not the same engine, as is commonly thought. To add to the confusion, the engines were both painted the same shade of light metallic green, but the MGC's six was a later BMC design used in a few large sedans. Think MGB engine plus two cylinders and you get the idea. It differs from the Healey engine in being a few inches shorter and having seven instead of four main bearings. The MG motor put out a healthy 145 bhp, down just five from the Healey. Smaller SU carbs account for the difference. Stuffing the big six into the MGB entailed more trouble than expected. The entire front suspension and subframe had to be redesigned with torsion bars in place of coil springs. The inner fenders are completely different stampings. Not that anyone would be so inclined, but for this reason it is nearly impossible to “clone” an MGC out of an MGB. The same cannot be said for the MGB V8, which is quite easy to fake. Externally, except for the badge, the only giveaway is the broad flat hump on the bonnet. In typical British fashion, this still wasn't enough for adequate clearance, so there is a smaller teardrop shaped bump inside the hump for the carburetors. UNDERSTEER INCLUDED Three hundred extra pounds over the front wheels did nothing for the MGC's handling. Every C has built-in understeer, and matters were made worse by the fact that BMC supplied its first test cars with tires inflated to MGB specs. “Over inflating” front tires by four pounds improves handling considerably. The extra weight increased steering effort, so engineers changed the ratio from 2.9 turns lockto-lock to 3.5 to try to compensate. One has to haul the wheel around a lot more in a C. The interior looks familiar. Nearly every C that made it to the U.S. suffers from the post-1967 “Mark II” safety dash, which should be the centerpiece of the Ugly VacuumMolded Plastic Hall of Fame. Home-market MGCs had the 28 DETAILS Years produced: 1967–69 Number produced: 9,009 Original list price: $3,410 (1969) SCM Valuation: $9,000–$15,000 (convertible), $8,000–$13,000 (GT) Tune-up/major service: $250 Distributor cap: $15 Chassis#: Inside left front fender Engine #: Right front of block Club: American MGC Register, 2809 Copter Road, Pensacola, FL 32514 More: www.mgcars.org.uk Alternatives: 1967–73 Triumph GT6; 1969–73 Datsun 240Z; 1969–76 Triumph TR6 SCM Investment Grade: C The author's current MGC GT prettier black wrinkle-finish steel dash. The only apparent interior difference from an MGB is the 140-mph vs. 120-mph speedometer. Turn the key and the difference is more pronounced. Gone is the rich exhaust note of the MGB, replaced by little discernible exhaust note at all. Underway, most of what you hear is the fan making an almost 911-like whir. A shame, as British inline sixes with the right exhaust can sound great. Some testers also accused the MGC of being gutless down low and not wanting to rev. I've had two '69 models, which have different gear ratios from the early cars. I found the cars to have adequate low-end torque and to be extremely smooth to the point of actually having to watch the tach to keep out of the red zone. Incidentally, the C shaves almost three seconds off the B's 0-60 time. Most tests put it at a shade under ten seconds, about the same as a Healey 3000 Mk III. AWFUL RAGTOPS If the C is not the nimble sports car that the B is, it's a capable tourer, perhaps better suited to the American road. Unfortunately, the roadsters share the same awful convertible tops of the B. Your choices are the dreaded L.L. Bean-style “packaway hood” or the folding top designed by Michelotti, executed entirely in the Marquis de Sade school of obstreperous design. The GT, on the other hand, is relatively quiet, water- proof, and surprisingly impervious to cross-winds, as I found out recently while driving my newly-acquired C 180 miles from Seattle to Portland in 40-mph gusts. With the overdrive engaged, it's not the least bit scary to cruise Sports Car Market ew cars have taken more of a beating right out of the box than the MGC. Already incensed by BMC's premeditated murder of the Austin-Healey 3000 in favor of the C, journalists were out for

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at 80 mph at around 3,000 rpm (other than the speed limit being 65). The MGC is a legitimate 120-mph car and its dual servo-assisted brakes are reasonably effective. One area where these cars don't get anywhere near the respect they deserve is build quality. Pre-1970 (Leyland merger) MGs were a quality product. Compare the panel fit of an earlier MGB to a TR6 and you'll see what I mean. The seats are trimmed in leather and even the most clapped-out GTs I've driven are virtually rattle-free. Because of their visual similarity to the MGB and their initial pounding in the press, MGCs are still fairly cheap, often trading among the unwary for little to no premium over an MGB. For the kind of driving most of us do, the C is a better car than a B, not to mention its superiority to the admittedly more charismatic and butch TR6. I'm especially fond of the handsome GT, whose hatchback roof was styled by Pininfarina. Even the lesser B GT compares favorably in aesthetics and performance to the normal versions of the Porsche 356B coupe or an Alfa Giulietta Sprint—with repairs and parts a fraction of the cost. The C also compares well to the Veloce and Super versions of the same cars but lacks the cachet. For those of us priced out of the market for Porsches, Alfas, or A-list British coupes like a DB4 or AC Aceca, the MGC GT is not a bad consolation prize.u ROB SASS is SCM's Vice President of Business Development and General Counsel, and has been collecting and restoring affordable classics since he was sixteen. Prices are for cars in excellent condition. This information is provided by Black Book and Cars of Particular Interest Collectible Vehicle Value Guide, www.blackbookusa.com. 1971-73 Datsun 240Z $15,000 $20,000 $10,000 $5,000 1964-69 MGC GT 1967-73 Triumph GT6 20-Year Picture May 2006 29 987 992 997 002 006

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Legal Files John Draneas Is It Legal to Bid on Your Own Car? In a “no reserve” auction, chandelier bids are misrepresentations and fraud I hadn't even made it to the Phoenix airport on my way home when my cell phone started ringing with Arizona auction rumors. When I did get home, there were e-mails waiting for me with the same stories—cars sold to chandeliers, sellers buying their own cars back, buyers refusing to perform, you name it. The phony or chandelier bidding stories got my curiosity going. Several people asked me what the law says about this, so I decided to find out. We are going to address only two issues here. One is the proverbial “chandelier bid,” where the auctioneer calls out and recognizes a bid that no one seems to have made. The other is bidding on behalf of the seller on his own car, either by the seller himself, by a friend or agent of the seller, or by the auctioneer. THE LAW Auctions are firmly covered in the Uniform Commercial Code, which is a commercial law adopted in all the states, although each state is free to make modifications to its version. Of interest to us is Section 2-328, which sets out the rules on auctions. Since individual states can modify the uniform rule if they chose to, I looked at Arizona's version as the most relevant to our situation. Arizona adopted UCC Section 2-328 without modification, likely the same law as in your state. THE MEANING OF THE RESERVE Under the law, auctions are considered to be “with reserve” unless it is made clear that the sale is being made without reserve. The reserve is the minimum price that the seller will accept for the car. For the seller's benefit, it is kept secret between the seller and auctioneer. A reserve auction carries one additional legal difference: The seller may withdraw the car from the auction at any time before the gavel falls. In a “no reserve” auction, once the first bid is made, the seller can no longer withdraw the car from the auction, and it sells to the highest bidder. There are two schools of thought on reserves. The traditional view is that the seller is always better off with a reserve because it affords obvious protection against a horrible result if the high bid is woefully below the real value of the car. The more modern view is that “no reserve” auctions work better because the bidders know the car is going to sell, and they are more motivated to bid. Proponents of this view point out that in a reserve sale, bidding frequently jumps once the auctioneer announces that the seller's reserve has been met. In a “no reserve” sale, this bidding heat begins as soon as the car is driven onto the block. Whether or not the “no reserve” theory really brings higher sales prices is open for debate. But when things don't go as planned for proponents of the theory, there is plenty of incentive to “help” the real bidders reach the “right” price on the car; in other words, to protect the buyer against his car selling for far less than expected. CHANDELIER BIDS Chandelier (or phantom) bids are a well-recognized fact of auction life. In fact, at our SCM Insider's Seminars, we strive to teach attendees how to tell if there is “real money” on a car. But as common as the practice is, is it legal? The answer is: No. Chandelier bids are misrepresentations and fraud. But you won't find any court cases on it. Not only is it hard to know when a chandelier is bidding, proving it in court is even tougher. Chandelier bidding is often justified in reserve auctions on the “no harm no foul” theory. That is, there won't be a deal struck until the reserve is met anyway, so no one is damaged when the auctioneer helps things along. But that misses one key point. As a seasoned negotiator, I like being the high bidder in a no-sale auction. That gives me the leverage to find the seller afterward and try to negotiate a deal off the block (but still with the auction company involved, obviously). 30 Learn to watch the room for real money SELLER BIDDING The UCC is quite clear on the issue of sellers bidding on their own cars. It's generally illegal. The courts have cut some slack for sellers in reserve auctions, on the basis that no real bid was going to take the car as long as the reserve had not been met. But “no reserve” auctions are an entirely different story. In a “no reserve” auction, seller bids are illegal unless the real bidders have been given notice that the auctioneer will allow sellers to bid on their own cars. If notice is given, there is no legal problem, and “buyer beware” prevails. But if notice is not given and the seller buys the car, the legal situation gets very interesting. The UCC clearly states that the highest real bidder has the right to either cancel the purchase or to buy the car at the highest real bid made. And, in one court case involving intentional bid rigging, the highest real bidder was awarded punitive damages to boot. What sort of notice is sufficient to validate seller bids? Obviously, an announcement made on the block by the auctioneer will do the trick, but no auctioneer really wants to do that. Curious, I checked my bidder's agreement from one of the recent Arizona auctions. There it was: The auction house reserved the right to accept bids from sellers, and even to make the bids for them. I had been warned in black and white, in unmistakable language. Is it legally sufficient? I would imagine that it is, since it has my signature on the bottom. Funny, though, it took me five years of registering as a bidder at this auction to notice that little sentence. All of these rules apply equally to Internet-based auctions. The UCC is not limited to bricks-and-mortar auction houses. Oddly enough, Internet auctions may make it easier to prove phony bidding, even though the opposite may seem to be the case. The advantage is that Internet bids are made in writing, and there is a discoverable record of who made which bids. BUYER BEWARE As illegal as many of these tactics are, bear in mind that they are common. Learn to know how to “read” the bidding, and how to know if there is real money on a car. Decide how much you are willing to pay before you even start to bid, and stop bidding when you get there. Not all auction houses bend the rules, and even the best ones have a hard time keeping the sellers from engaging in these practices. Read your bidder's agreement carefully, and see what the rules really are at that particular auction.u JOHN DRANEAS is an attorney and car collector in Oregon. His comments here are general in nature and not a substitute for a consultation with an attorney. He can be reached at legalfiles@sportscarmarket.com. Sports Car Market

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Ask the Expert Keels & Wheels Whatever Floats Your Car, Man Have you ever actually been in an Amphicar and experienced the joys of vehicular buoyancy? D ear SCM: In his February 6 article in The New York Times on the Barrett-Jackson auction, Keith Martin says, “While specialists were surprised at the $1.2 million paid for a '70 Chevrolet Chevelle SS454 convertible, a car with a history of racetrack successes, they were shocked by the $124,200 price of a 1964 Amphicar, a vehicle that performs poorly both on the road and in the water.” As the president of the International Amphicar Owners Club, I must come to the defense of our over 300 members and more than 600 functional Amphicars world wide. I gather by your rather flippant comment about the performance of an Amphicar on land and in the water that your knowledge of Amphicars is superficial and meager at best. I respectfully pose the following questions to help you put the ridiculousness of your statement into proper perspective: 1. Has any other car successfully crossed the English Channel or navigated from Long Beach, California, to Catalina Island? 2. Is any other boat capable of sustained 65-mph speeds on freeways under its own power? 3. Have you ever actually been in an Amphicar and experienced the joys of vehicular buoyancy? Craig Morningstar and a pair of $60k propellers Until you can honestly answer these questions and adequately empathize with the hundreds of offended Amphicar owners and lovers worldwide, I suggest you retract your inaccurate statement and apologize to the amphibious community at large. It is precisely this type of unsubstantiated rhetoric that detracts from your fine publication. I sincerely hope you will take my comments to heart.—John “Amphipoda” Edelstein, President & Newsletter Editor of The International Amphicar Owners Club Dear SCM: In response to Keith Martin's Times article about recent collector car auctions, I feel I should point out an obvious correction: In fact, a properly functioning Amphicar performs fairly well on the road and in the water compared with all those other pricey rides mentioned in the article, like that $1.2 million '70 Chevelle, which I have been given to understand performs rather poorly in the river. Please feel free to mention the International Amphicar Club's Web site, www.amphicar.com, as a source of reliable information on this unique vehicle in your correction or retraction, which you will doubtlessly run on the first page of tomorrow's issue above the fold.—William “Bilgemaster” Connelly, IAOC Boardmember and Webmaster (Emeritus) Craig Morningstar responds: Seems my long-time friend Editor Martin, in his inimitable fashion, has piqued the ire of those who take the Amphicar very seriously. Since I have a history with these cars, he asked me to answer these letters. Jack Morningstar with employee S. Claus 32 Sports Car Market My father, Jack Morningstar, made a transition seem- ingly bereft of logic from an aircraft manufacturer to the amusement park business in the early '50s. For the better part of the '60s, Dad ran Santa's Village in Dundee, Illinois, where I spent a fair amount of time driving and repairing both the Amphicar and a Zamboni. Both of these vehicles were rather complex: mechani- cally in the case of the Zamboni with all its hydraulics; institutionally in the case of the Amphicar, with its parts sourced from all over Europe to create a car that floats—or would you say a boat that drives? It didn't do either very well. However, in the Amphicar's defense, we once drove the Zamboni about ten miles to have it painted, and I will admit the Amphicar was better on the highway. Dad became an Amphicar dealer, as the park bought 21 cars along with a parts package. The Amphicar rep certainly hit one over the fence with that sale. He came to our house the Friday after Thanksgiving in 1964, which was my first chance to pilot an Amphicar in the mighty Fox River and experience its blistering acceleration and handling prowess through a banked, sweeping corner at Meadowdale International Raceway. With three up, the car wasn't very happy at 60 mph, and I don't think I'd want to make the trip from Long Beach to Catalina—there are sharks in the Pacific. Amphicars shouldn't be taken too seriously. These are innovative cars that have been nursed through 40-some years of life by loving owners, but they remain truly silly cars.u CRAIG MORNINGSTAR is the former national technical advisor for Alfa Romeo, and is currently restoring a 1900 cabriolet.

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Events Palm Beach International Concours d'Elegance Beauty and the Beach Classic car shows are about being transported back to a time when style, or as the Italians say, le linea, was as important as function by David Olimpi Maserati 450S racers on the Palm Beach Polo Club grounds T 34 he Second Annual Palm Beach International Concours d'Elegance attracted more than 5,000 classic car lovers to the Palm Beach Polo Club in Wellington, Florida. Event founder and chairman Andrew Carduner, through his personal, life-long connections throughout the collector car community, was able to bring together 150 automobiles of exemplary quality. For me, classic car shows are all about being transported back to a time when style, or as the Italians say, le linea, was as important as function. My personal preference is for 1930s designs: planes, trains, automobiles, boats, and architecture reached their all-time highs as art forms during this decade. I try to imagine how it would have felt to be a carefree traveler in one of those magnificent automobiles during a time when most of the world was still reeling from years of disastrous financial conditions. As you might expect at an event held the same week- end, in the same area, as the prestigious Cavallino Classic, there were numerous magnificent Ferraris on display. Of these, the award for Most Outstanding Ferrari was presented to a 1949 166M Barchetta. One entry, a 1936 Hudson 8 convertible coupe with rumble seat, struck me as being strikingly distinct from its American counterparts of the era. Art Deco meant streamlining, and this Hudson had it. A Flash Gordon-type rocket ship sprouts from its steering column and houses the delicate switch for its pre-selector transmission. And what got into conservative Peugeot, “the Buick of France,” when it sprung the Art Deco classic 1938 Darl'mat roadster on a post-Depression Europe? As if to say “See, I told you so, I'm more than just a pretty face,” a modified version of this 2-liter rolling sculpture finished fifth overall in that year's 24 Hours of Le Mans. The Icono Classic award was given to the 1936 Stout Scarab. Its creator, William Stout, credited with the design of the first allmetal airplane, constructed only nine of these aluminum-monocoque, rear-engine, all-independent-suspension, road-going cabin cruisers, replete with flexible interior seating. This vehicle carried a retail price of five thousand hard-earned 1936 dollars, and five examples survive. Three duPont automobiles were present: DETAILS Plan ahead: January 2007 Location: Wellington, FL Cost: $65 Phone: 561.997.1686 More: www.palmbeachconcours.com Sports Car Market

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1936 Stout Scarab, winner of the Icono Classic Award One of three duPonts, and none were named Tom Palm Beach SCMers Jim Patterson, Louisville, KY 1947 Talbot-Lago T26 Best in Show, People's Choice Award, Show Car Owner's Award, Best in Class Miles Collier, Naples, FL 1950 Cadillac Le Mans race car Most Significant Race Car John Shirley, Sonoma, CA 1949 Ferrari 166M Barchetta Outstanding Ferrari Robert Newman, Key West, FL 1969 Porsche 911S Outstanding Competition Car duPont Indy racer and Ferrari 275 GTB an oval track racer, a Le Mans Speedster, and a Merrimacbodied dual cowl phaeton, all in good-as-new condition. DuPont Motors was created by E. Paul duPont during The Great War to build marine engines. When peace came, it switched to manufacturing upscale cars that ranked in quality with Packard, Cadillac, and Stutz. A total of only 537 duPonts were built in Wilmington, Delaware, between 1919 and 1931. Any show of this type would certainly be incomplete without a Duesenberg, perhaps the greatest of all the American cars of the '30s. The Best Palm Beach Style Award was presented to a 1935 Duesenberg SJ Dual Cowl Phaeton. Best in Show, as well as the People's Choice Award and Best in Show Car Owner's Award, went to a Figoni & Falaschi-bodied 1947 Talbot-Lago T26 convertible. Essentially a design carried over from 1938, it was one of the last great Talbot-Lagos produced before the eccentric tax laws of the Fourth Republic played havoc with the May 2006 manufacturers of flamboyant cars such as this one. A late afternoon rain shower (this is Florida, after all) immediately followed the concours, further encouraging the spectators and participants to adjourn to the Gooding & Company tent for David Gooding's inaugural Palm Beach Auction. (SCM's market analysis of this auction begins on page 78). While Carduner's event doesn't have the crashing waves of Pebble Beach, or the opulence of the Amelia Island Ritz-Carlton as a backdrop, it does provide an opportunity for East Coast owners of significant cars to put them on display, and for car enthusiasts to see extraordinary machines in a relaxed, comfortable, and extremely accessible setting.u DAVID OLIMPI is a private broker of vintage and classic sports cars, photographer, and IAC/PFA judge for the Ferrari Club of America. Jack Thomas, St. Augustine, FL 1955 Ferrari 375 America Speciale Best in Class Marc Fisher, Greenwich, CT 1960 Mercedes-Benz 300SL Best in Class Don Meluzio, York, PA 1963 Porsche 901 prototype Best in Class J.C. Solomon, Jupiter, FL 1935 Cadillac 5712 Fleetwood Best in Class Andrew Carduner, Millbrook, NY 1956 Continental Mk II Best in Class George Shelly, Pompano Beach, FL 1960 Jaguar Mk II Sedan Best in Class 35

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Events Retromobile A Warm Reception in a Chilly Paris On display was what is considered to be the very first auto poster, an 1893 piece touting the qualities of the new engine built by Panhard et Levassor by Donald Osborne, photos by Ed Fallon The Greedy Dwarf on the go T he chilly air and gray skies of Paris were forgotten once inside the big hall of the city's Porte de Versailles convention and meeting center for the 31st edition of Rétromobile, February 10–19. This uniquely French take on a classic car event combined lavish manufacturers' stands celebrating their heritage with lively club stands, parts and accessories vendors, an impressive assortment of automobilia, and what must be one of the biggest offerings of model and toy cars in a single place. The feature of the show was “publicity”—in addition to a screening room showing a variety of mostly French car commercials from the '50s through the '70s, a number of extraordinary customized commercial vehicles were on display. They ranged from the fantastic: a big Renault truck transformed into a surrealistic vision of candy packages and called “The Greedy Dwarf,” and a Michelin vehicle made from the landing gear of an Airbus carrying a model of the space shuttle; to the simple: a Delahaye vintner's pickup truck. Rétromobile is noted for posters, and the theme of the show lent itself well to showcas- ing the history of auto advertising in print. On display was what is considered to be the very first auto poster, an 1893 piece touting the qualities of the new engine built by one of the pioneers of motoring, Panhard et Levassor. In a cross-cultural link, a stand sponsored by Louis Vuitton showcased the Delage D8 120S of SCMer Sam Mann, which won the Pebble Beach Best in Show award, and the recent Maserati Birdcage 75 concept car. As always, the manufacturers had plenty of anniversaries to celebrate. BMW hailed birthday of the “02” series, Renault the 50 years of the Dauphine and 60 of the the 40th 4CV; Mercedes-Benz showed off the first production diesel, a 1935 260D sedan, alongside a diesel-powered C111 record car; and a large stand celebrated “Lancia: 100 years of Chic” with three cars. At Rétromobile you can always count on seeing cars DETAILS Plan ahead: February 2007 Location: Paris, France Cost: about $15 Phone: + More: www.retromobile.fr 36 you'd never see anywhere else, including a lovely GhiaAigle-bodied alloy Panhard coupe from the '50s, a big Facel Vega four-door “Excellence” pillarless sedan, and a pair of Hotchkiss luxury tourers. While Christie's held its annual sale in the Rétromobile hall, other auction companies were also represented in Coelia Caron, Ed Fallon, Emily and Sam Mann, and Osborne displays, such as RM, Bonhams, Osenat, and Artcurial, which held a sale during the show at the city's Palais de Congress across town. SCM, with sponsor Cave Creek Classics, hosted its annual reception at the show. In the largest turnout yet, SCM's Donald Osborne and Cave Creek's Ed Fallon greeted more than 90 American and European subscribers and invited guests in the famed yet casual “Café du Jambon au Broche” in the rear of the hall. While not the largest indoor classic car show, a title held by Techno Classica Essen in Germany, Rétromobile is an enormously satisfying and worthwhile experience for any classic enthusiast. Besides, it's a fairly easy job to convince a significant other that you need to spend Valentine's Day in Paris.u Sports Car Market Mann's Pebble Beach-winning Delage D8 120S Photo courtesy of Retromobile

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Events Neige et Glace Rally Slip Slidin' Away In this event, good weather brings despair and debate: studs or no studs? by Kristen Hall-Geisler, photos by Clement Marin Snow and ice are more than par for the course—they are the course T 38 hey waited for the snow, at least a few flakes, but it was in vain. In the 52nd annual Neige et Glace Rally, held February 22–24, good weather brings despair and debate: studs, or no studs? Normally winter tires are the only way to go, but this year's balmy weather meant summer tires might make for faster times. Though the event is named after snow and ice, entrants had to make do with 60-degree temperatures as they skidded with control and finesse—mostly—around the Alpine curves near Aix-les-Bains, France. The event began in 1953 as a classic European-style winter rally (meaning more than a little dangerous), and evolved over the decades into the rally and regularity trials of today. The competition is open to vehicles built after World War II, up through 1975. Organizer Patrick Zaniroli retraced the legendary specials of Chartreuse, Col de l”Echarasson, and the Chamrousse circuit. Teams included SCMer Paul Borloo with Patrick Malherebe in a 1968 Porsche 911 2L, the “Princesses” Carole Gratzmuller and Michelle Paques in a 1971 Lancia Fulvia 1600 HF, and French endurance-racing hero Henri Pescarolo, who drove a 1968 Porsche 911S 2L along with Yves Thirionet. Pescarolo's fourth place finish was likely due to the reconnaissance laps he ran—40 years ago. On the final day, Eric Van Sande and Eddy Gully drove DETAILS Plan ahead: February 2007 Location: France Cost: €1,500 ($1,800) Phone: + More: www.zaniroli.com their way to their first Neige et Glace victory in a 1949 Volvo PV 444. Second place went to fellow Belgians Jean-Jacques Lalmand and Jean-Pierre Veys in a 1973 Porsche-VW 914 3C, with third place team of Charles “Chavan” Vanstalle and Pascal Lopes in a 1965 Mercedes 250SE rounding out an all-Belgian podium. After the rally, the competitors gath- ered for a gala dinner in Aix-les-Bains to celebrate. Next year will hopefully see more snowfall, and even more participants as the vintage rally hobby grows.u Sports Car Market

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The unnaceptably pleasant weather didn't detract from stunning alpine views The winning Volvo in its natural habitat May 2006 Pescarolo (right) taking a holiday between the Dakar and Le Mans races 39

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Collecting Thoughts R-R Crossing Twelve Rolls-Royce Myths Busted The shiny bits on a Rolls-Royce are real silver, aren't they? by Diane Brandon F 1. or years, my daily drivers were either Rolls-Royce or Bentley motor cars. As anyone who drives a rarely seen car knows, questions from complete strangers become repetitive. The F40 driver is asked about gas mileage (as if he cares) or better yet, “Where's the stereo?” The music is the engine, you idiot. The MG owner politely listens to the guy who tells her about his sister's boyfriend's cousin who has a car just like that, except it's a Miata and it's blue. No advertising or public relations campaign could have created a better way to promote a marque than the myths surrounding Rolls-Royce cars. Here are the most often asked questions. Is your engine compartment still sealed from the factory? This has some basis in fact. The early Royce carburetor, a two-jet air valve design, could be adjusted a bit using controls on the steering wheel hub, or more precisely on the carburetor itself. But the carburetor jets were sealed with lock screws, probably to discourage the ham-fisted. A real-life sealed bonnet story involves a famous 1908 Silver Ghost, known as “The Pearl of India,” which many consider to be the most beautiful RollsRoyce ever built. The Maharaja of Gwalior saw the car at the Bombay Motor Show and wanted it, but he didn't think it could endure the heat and dust in India. To demonstrate its reliability, the car was driven 120 miles from Bombay to Kolhapur through mountain passes with no stops, no spares, and a locked bonnet. When it arrived, the Maharaja bought it with rubies. 2. Probably not. The Queen's I saw a Flying Lady mascot that was curtsying to the Queen Phantom VI is the only post-war Rolls-Royce fitted with the kneeling version of the mascot. On ceremonial occasions, it is replaced by Her Majesty the Queen's personal mascot, St. George slaying the dragon. 40 3. The kneeling mascot is mourning the death of company cofounder Sir Henry Royce 4. Some pre-war mascots are kneeling, but it has nothing to do with Royce's death. The original mascot was seven inches tall, which Royce thought too ostentatious. In the early 1930s he asked designer Charles Sykes for a kneeling version. It was one of his last official decisions, and the “kneeler” appeared at about the same time as Royce's death in 1933. The shiny bits on a Rolls-Royce are real silver, aren't they? No, they aren't, but early Rolls-Royce radiator shells were finished in “German Silver.” This resembles silver, but it's an alloy of copper, nickel, and zinc. Later shells were plated in nickel, and are now chrome-plated. This silver story probably started with the first 40/50 HP car. Managing Director Claude Johnson had this first large-horsepower car finished with polished aluminum coachwork and silverplated brightwork. The car was displayed at the 1906 London Motor Show, and subsequent cars were called Silver Ghosts because of this first “silver” car, which ran quiet as a ghost. Many people assume the Spirit of Ecstasy mascot is made of sterling silver, but they used to be a copper, zinc, and nickel alloy; now they're made from stainless steel. 5. Sir Henry Royce Really wealthy people buy new Rolls-Royces when the ashtrays are full They don't have to: Rolls-Royce ashtrays are self-emptying. Every time the ashtray is closed, a mechanism opens the bottom and the contents drop into a larger container, which is emptied when the car is serviced. Therefore, the ashtray never fills up. Sports Car Market

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6. This is true of the Phantom Rolls-Royces used to only be sold to heads of state and royalty IV alone, the only Rolls-Royce fitted with a straight eight-cylinder engine. The Phantom IV chassis was almost 19 feet long and six feet high, and was solely available “for Royal personages and heads of state.” Eighteen of these cars were produced. Hooper and H. J. Mulliner built the bodies for all but one sedanca, which was bodied by Franay of Paris. Five cars stayed with the Royal family, one went to Franco of Spain, one stayed at Rolls-Royce, and the rest went to heads of state in the Middle East. All other Rolls-Royce cars could be bought new by anyone with the means. You may eat in a Rolls, but only from the tray 7. 8. Is it true that you have to sign an agreement with Rolls-Royce that you won't risk soiling the interior by eating or drinking in the car? When this question was posed, I'd direct their gaze toward the picnic trays and say, “What do you think?” The Rolls-Royce badge changed from red to black after Royce's death Royce's death after a long illness led to the myth that the red color in the double-R logo was changed to black in his memory. As this story spread, Rolls-Royce stated that the change was made independently in 1930 because red was deemed too loud. However, it was Royce's decision, and it was the last he made for the company. In any case, the 20/25 HP model retained the red inlay to distinguish it from the larger Phantoms IIs. 9. That's a Corniche, isn't it? Many people assume that all two-door Rolls-Royces are Corniche models. They aren't. The first Corniche was built as a Bentley that was being tested in France, and was destroyed there at the start of WWII. The idea was shelved until 1971, when Rolls-Royce modified the Silver Shadow and named it the Corniche. It could be ordered either as a Rolls-Royce or as a Bentley, and the cars were built either as coupes or convertibles by Mulliner Park Ward Ltd. The name “Corniche” is derived from the great roads between Nice, in southern France, and Monaco. 10. All Rolls-Royce cars have twelve-cylinder engines The Silver Ghost's twelve spark plugs and dual ignition Only one Rolls had a twelvecylinder engine until the the 1998 Silver Seraph. It was a V12 fitted to the Phantom III models in the late '30s. However, it's possible someone could mistake the Silver Ghost engine for a straight twelve because it's fitted with dual ignition, and each cylinder has two spark plugs. Kitchen sink included 11. In 1907, The Autocar Rolls-Royce cars are the best cars in the world, aren't they? published an advertisement that stated, “Rolls-Royce—The Best Six-Cylinder Car in the World.” This century-old slogan remains viable due to meticulous attention to detail. For years the hydraulic tappets on the engines were assembled while immersed in paraffin to avoid dust particles. Internal engine parts used to be polished with finely ground oat husks, since jeweler's rouge was considered too coarse. Every Rolls-Royce radiator is still signed on its back by the person who made it. Finally, on the back of the veneers used in any Rolls-Royce is the serial number of the car, which enables veneer to be matched with the same log if it is ever damaged. 12. Rolls-Royce cars don't ever break down, do they? No, they don't break down. They might, however, “fail to proceed.”u DIANE BRANDON was the Rolls-Royce Owners Club U.S. National Director for eight years and has been a Pebble Beach Concours d'Elegance judge for Rolls-Royce and Bentley since 1984. May 2006 41

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Ferrari Profile 1961 250 GT Pininfarina Cabriolet Series II The car defines the scene: a little playful, a little romantic, and a serious reinforcement of privilege by Steve Ahlgrim DETAILS Years produced: 1959–1962 Number produced: 202 Original list price: $15,000 SCM Valuation: $250,000–$400,000 Tune up/Major service: $2,500 Distributor cap: $450 (two required) Chassis #: Left frame member by steering box Engine #: Right rear above motor mount Club: Ferrari Club of America, P. O. Box 720597, Atlanta, GA 30358 More: www.FerrariClubofAmerica.org Alternatives: 1958–63 Aston Martin DB4 DHC, 1958–65 Alfa Romeo 2600 Spider, 1955–59 Bentley S1 Continental DHC COMPS 1960 Ferrari 250 GT PF Cabriolet SII Lot #31, S/N 1869 Condition: 2+ Sold at $282,500 Christie's, Monterey, CA, 8/8/2004 SCM ID# 34906 Chassis number: 2381GT T he 250 GT Cabriolet was conceived by Pininfarina as Ferrari's semi-luxury touring car and was thus given better interior appointments and more soundproofing than the California Spyder Series. The cabriolet appearance was also created to look dif- ferent from the Spyder, relating strongly to the 250 GT Pininfarina coupe, which was also presented as a luxury Grand Touring machine. Mechanically, however, there was little difference between an early California Spyder and the first Pininfarina Cabriolets. Performance, too, was quite comparable. Powered by a 3-liter V12 engine, they were seriously quick, very stylish grand touring Ferraris. Offered here is a 1961 Ferrari 250 GT Cabriolet custom designed by Pininfarina. This Ferrari was treated to an older restoration, yet still looks quite presentable in its red finish and black interior, while the exceptional mechanical condition of this car attests to proper maintenance and care. The odometer now reads 72,000 miles. This car is reported as an exceptionally proficient driving car with a very solid four-speed synchromesh transmission with overdrive. The car still has the correct original headlights and retains the black soft top with only 42 minor imperfections. The engine bay and underside of the car are well detailed, while exterior red paint shows well, having been resprayed from green to red some time ago. The interior is all original and shows a very nice patina throughout, without any rips or tears. Late Series II Cabriolets are truly one of the last un- discovered treasures of the Ferrari convertible world, especially when one considers that nearly identical LWB California Spyders now regularly top the milliondollar mark. For the collector of V12 Ferraris, this 250 GT PF Cabriolet would make an excellent driver that is eligible for many events around the world. The SCM Analysis: This car sold for $231,000 at RM Auctions on January 20, 2006, in Phoenix, Arizona. I don't remember if there was a 250 Cabriolet in Fellini's “La Dolce Vita,” but if 1960 Ferrari 250 GT PF Cabriolet SII Lot #266, S/N 2091GT Condition: 2Sold at $165,006 Bonhams, Gstaad, Switzerland, 12/19/2003 SCM ID# 31722 not, there should have been. Few images could convey the good life better than an Italian gentleman in a Ferrari 250 Cabriolet picking up his elegantly dressed date for a sunny afternoon drive. The car defines the scene: a little playful, a little romantic, and a serious reinforcement of privilege. The scene doesn't work with a 250 SWB or even a California Spyder. Only a 250 Cab could define the scene by becoming part of it. Ferrari had made its mark as a racing machine and the Cabriolet was big step away from its roots. Extremely large by Ferrari standards, the Cabriolet was a better grand touring car than a sports car. Then again, its open-top configuration limited its usefulness as a European touring car, so its true calling was somewhere in between. As Sports Car Market Photos: RM Auctions

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time moved on and the era of well-dressed gentlemen and elegant ladies passed, so did the popularity of the Series II 250 Cabriolet. While undeniably elegant in its time, the Series II styl- ing was not inspired. The first-series 250 GT Cabriolets were lovely cars with aggressive protruding noses capped with beautifully covered headlights, and a rear fender line that ended with stylish taillights. The styling combined some relatively sharp lines with some trademark Pininfarina curves. The resulting car was large in size but appeared light and delicate. This first S1 built ended up with Ferrari driver Peter Coltrin. Restored, it hit the show circuit a couple of years back and is still arresting in appearance. The Series II Cabriolet inherited the basic genes but not the beautiful lines of the Series I cars. Perhaps in an intentional effort to separate the 250 Cabriolet from the 250 Spyder California, the styling evolved away from delicate lines in what one author described as “heavyhanded fashion.” The Series I nose gave way to a blunt, open-headlight design. The sharp lines were toned down, resulting in what Ferrari historian Dick Merritt called “pleasing but sober lines.” Dean Bachelor, also a Ferrari historian, probably best sums up the look: “The Cabriolet is an elegant and understated design that if you like it at all wears well and withstands the test of time.” Paralleling the evolution in styling was an evolution of mechanical technology. First, the inside-plug engine of the early Series I Cabriolets gave way to the more service-friendly outside-plug engines. Dual distributors then replaced the single unit, tubular shock absorbers replaced the outdated Houdaille lever shocks, and electric overdrive was added. Finally, progress overcame tradition and the drum brakes were discarded in favor of discs. While your choices of Cabriolets are usually limited, a late model with all the updates is preferable. The Series II Cabriolet was a popular car in its day. The 202-unit production was only exceeded by the Coupe version of the same car. Unfortunately, time has not been kind to the model. As it was replaced by the 275 GTS, 330 GTS, and the Daytona Spyder, the Series II 250 Cabriolet fell to the bottom rung of the open-top Ferrari ladder. $250,000 seems like a lot of money for a Series II Cabriolet, but it's the current price of admission. Excluding the recent 550 Barchetta, only about 1,000 open-top V12 Ferraris were ever built. All the other open-top Ferraris sell for more money than the Series II Cab, and the other 250-based convertibles start at $500k. You might say the Series II is a bargain, but that's probably a stretch. Condition is everything when it comes to old Ferraris and the Cabriolet is no excep- tion. Many of these cars were “rode hard and put away wet.” They languished for years as entry-level Ferraris and received maintenance appropriate to their price. Like most convertibles, they were prone to leaking and suffered from rusty floorboards and sundried interiors. Until recently, restoring one was prohibitively expensive in relationship to their value. S/N 2381 did not sound like a gem but it was a late-series car in sound condition. I doubt the buyer could find a much better car for less money, and the seller certainly didn't undersell. Both parties should have gone home happy.u STEVE AHLGRIM has been actively involved in the Ferrari business since 1978. Historical and descriptive information in this Profile is courtesy of the auction company. May 2006 43

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Sheehan Speaks Michael Sheehan When Japan Ruled the World At the peak of Japanese madness in November of 1989, we sold 250 GTO S/N 3909 to Takeo Kato for $13.3 million Ferrari P 3/4 S/N 0854 I t doesn't take a Harvard MBA to see that the Ferrari market is booming again. But I suggest this time is different from earlier booms and busts. A little history: In Italy in the early 1970s, a cot- tage industry developed that consisted of crooks who kidnapped, and held for ransom, wealthy Italians who flaunted their success by driving Ferraris. Ferrari countered by introducing the bland-looking 400 series, and Ferrari owners sold their earlier cars to Americans, who, as any Italian exotic dealer knew, would buy anything. Then came the first fuel crisis of late 1973, and exotic cars went from being desirable to being just stupid. Near-new Dinos and Miuras cluttered Southern California used-car lots. Daytonas could be bought for $15,000, and this author purchased alloy 365 GTB/4 Competizione S/N 12547, my first “super-Ferrari,” for an extravagant $14,000. From 1975 to 1979 America's economy and real estate market boomed and inflation soared. The Ferrari market rallied. Then Fed Chairman Paul Volker cranked interest rates to 21% and killed both inflation and the economy. When interest rates eased in the mid-1980s, things took off again and Baby Boomers celebrated the big 44 “Four-O” with a buying binge. Ferraris previously seen on dorm room posters next to Miss April were suddenly affordable. The newly-invented fax machine made the Ferrari market international and fast. My sales staff would stay late to fax offerings, then come in next morning to find our cars had been re-offered to dealers and brokers worldwide and even back to us—at a substantial markup. GO EAST, YOUNG MAN At the same time, the Bank of Japan greatly increased the Japanese money supply. Japanese interest rates plunged to a ridiculous 2%–3% and massive liquidity flooded the Japanese market. The yen dropped from about 300 to the dollar in 1985 to about 150 to the dollar by 1989, so anything outside Japan was half-price. Compounding this madness, Japanese banks offered an unbelievable 100%–125% financing against the appraised value of real estate. And consider this: In the late 1980s, U.S. banks held about 22% of total assets in the country, while in Japan the banks held approximately 79% of total assets, a recipe for disaster. By 1991, the approximate land value of Japan was estimated by the holding banks to be at $20 trillion, or about 20% of the world's wealth. Indeed, some sources valued the land under the Emperor's Castle in Tokyo—about three-quarters of a square mile—to be equal to the value of all the land in California. Because of all this wealth, the Japanese became major players in high-end markets they knew nothing about, including real estate (Japanese investors purchased Pebble Beach and the Rockefeller Center) and exotic cars. Sports Car Market

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THE SPENDING SPREE BEGINS I was the first American-based dealer to hop a 747 to Japan in 1985, when Japanese collectors could be counted on one hand. New Japanese exotic car magazines doubled as sales brochures, and I sat in on many dinners where buyers would announce, “That one,” as they pointed at pictures of a 206 GT, a 206 SP, or a P/3. Ferrari prices soared. The buyers were so fresh to the market that I ended up teaching a number of them to drive the supercars they'd bought. It was an exciting (read that as hugely profitable) time to be a U.S. dealer. THE CURTAIN COMES DOWN But the crash of the Dow Jones in December 1989, coupled with the implosion of the Japanese real estate market, brought everything to a halt. Japanese banks ended up owning property and cars that were worth just a fraction of what they had loaned against them. And then the fiscal blood began to flow. In fact, it hasn't been until the last four years that Ferrari prices have really started to recover from the 1989–90 crash. It's been a roller coaster ride, one that muscle car collectors should heed. Here are a few examples of the highs, the lows, and the recoveries. In 1989 my company, European Auto Sales, sold 275 GTB/4 S/N 10371 to Yoshikuni Okamoto for $965,000 and GTB/4 S/N 10565 to Hajime Tanaka for $1 million. In the same period, 288 GTOs S/N 56777 and S/N 57693 went to Kazahiko Kura for $875,000 each. Both 275 GTB/4s found their way back to the U.S. in the mid-1990s for about $250,000 each and 288 GTO S/N 57693 came back to Fantasy Junction in 1997 with a price tag of $275,000. Further up the food chain, there was Ferrari P 3/4 S/N 0854, which went new to Maranello Concessionaires as a team car and finished third at Spa in 1967 with Bianchi and Attwood. It DNF'd at Le Mans with Attwood and Courage and then went on to have a substantial race history with David Piper. By 1970, P/3 S/N 0854 had found its way to Carl Bross, now accepted as the first major Ferrari collector, for $9,976. In 1983, Jarold Evans purchased this Ferrari, paying $850,000. Then in September 1989, I brokered P/3 S/N 0854 to Hajime Tanaka, who wanted a spectacular new toy for his TI race circuit's grand opening. He paid $10.5 million, plus commission. Post-crash, in 1995, S/N 0854 was sold by a Japanese bank to Paul Vestey in England for a reported $4.5 million. It now lives in the U.S., purchased on April 21, 2005 by Jim Glickenhaus for about $8m. An even wilder example of Japanese excess is 250 GTO S/N 3909. This GTO enjoyed a respectable race history, finishing first in class and first overall at the Coupes du Salon at Montlhery in 1962 and taking a third in class at the 1964 Targa Florio, with many lesser wins and placings and two DNFs in the Tour de France. At the peak of Japanese madness in November of 1989, we sold 250 GTO S/N 3909 to Takeo Kato, in Japan, for $13.3 million, plus commission. When everything collapsed in 1994, it went to David Morisson, an American living in London, for about $3.5 million. Today S/N 3909 lives in California with SCMer John Mozart, who acquired the car in 2001 as part of a package with 250 TR S/N 0770, paying in the $7,000,000 range for the 250 GTO. STEADY CLIMB Just as the sale of 250 GTO S/N 3909 for $13.3 mil- lion in November 1989 defined the peak of the 1985–89 market for me, the resale of S/N 3909 for $3.5 million in 1994 signaled the bottom. Since then, the Ferrari market has been in a steady climb and 250 GTOs and other supercar prices are now back at 1989 prices of $12m–$15m. Lesser Ferraris, like Daytonas at $250,000 and 275 GTB/4s at $600,000, are at about half their 1989 highs. But let's look at this from another perspective. While $12 million to $15 million for a 250 GTO isn't chump change, it's cheap compared to the increase in real estate prices. The U.S. stock market hovered around 2,000 in 1989, but it's near 11,000 today. Today's market madness concerns muscle cars, and Ferraris are bargains compared to $2m–$4m Hemi 'Cuda convertibles. My prediction is that muscle cars are due for a crash, real estate is overdue for a correction, but the Ferrari market is on solid ground.u MICHAEL SHEEHAN has been a Ferrari dealer for 30 years as well as a race car driver and exotic car broker. 250 GTO S/N 3909 May 2006 45

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English Profile 1980 Triumph Spitfire 1500 They were cited by motoring journalists as an example of the thrills to be found in driving slow cars quickly by Gary Anderson DETAILS Years produced: 1973–80 Number produced: 95,829 Original list price: $7,365 (1980) SCM Valuation: $4,500–$7,000 Tune-up/major service: $250 Distributor cap: $25 Chassis #: Plate on driver's doorpost Engine #: Plate on engine block under intake manifold Club: Vintage Triumph Register, Membership Secretary, 100 Pine Tree Lane, Riverwoods, IL 60015 More: www.vtr.org Alternatives: 1974–79 MG Midget; 1974–80 MGB; 1974–88 Alfa Romeo Spyder SCM Investment rating: F Chassis number: TFVDW6AT009157 T he Triumph Spitfire 1500, according to the original brochure, is a true sports car whose classic lines express “the harmony of power and grace which is the car's hallmark.” The brochure boasted that the 1,493-cc engine is strict on fuel but generous on power. Developing 71 bhp at 5,500 rpm, “the sharp, confident acceleration can take you up to the 100-mph mark,” while the optional overdrive is reported to allow 50 mpg. There's no question about it, any car that only shows 35 original miles on the odometer can be considered brand new. On top of this, it's also the last of its kind, as Triumph ceased production of the Spitfire in 1980. This car stayed in the hands of a Triumph dealer for many years. Finished in white with a black-and-white interior, this car is equipped with factory overdrive, a luggage rack, and is complete with its original Certificate of Origin, invoice from Triumph to the selling dealer, and a letter to the dealer (dated 1985) with regard to a warranty claim. The car features essentially brand-new all-around independent suspension, positive and accurate rack-andpinion steering, radial tires, and an anti-roll bar on the front. The nine-inch disc brakes in the front and drums to the rear were barely used; in fact, over the course of 35 miles, one could probably guess the brake pedal was depressed a few dozen times. Contoured seats with headrests are faced in houndstooth-patterned brushed-nylon fabric, and interior appointments include a walnut veneer fascia on the dashboard, pile carpet, front parcel shelves, and a center armrest. A cigar lighter, a padded steering wheel, and a two-speed electric windshield wiper round out the amenities. “The Spitfire has performance, it has style. It is eco- nomical and robust. It has impeccable road manners, which come from the proud traditions of the Triumph sports car, a pedigree which assures you of technical ex- 46 cellence and reliability with styling and appointments to appeal to the individualist.” This is what car collecting is all about, as this Spitfire represents a time machine from Triumph showrooms in 1980, a car for any collection and worthy of a museum. The SCM analysis: This car sold for $19,800 at the Gooding auction in Palm Beach, Florida, on January 22, 2006. It is tempting to write about the conundrum: “What do you do with a classic car that's never been driven?” Certainly the moment the driver takes his or her first long trip with the local Triumph club, this car will no longer have that “time-machine” cachet and museum appeal that the catalog goes on about. Balderdash, we say. Anyone willing to pay $20,000 for a Spitfire has some flame for it burning deep down inside. There wasn't a whole lot to recommend these cars, and especially this model, when they were new. Safety regulations had saddled them with ungainly rubber baby-buggy bumpers since there wasn't enough money to re-engineer the chassis. The guts (what few there were) had been sucked out 1980 Triumph Spitfire Lot #313, S/N TFDW6AT009157 Condition: 2+ Sold at $17,820 Barrett-Jackson, Scottsdale, AZ, 4/1/2005 SCM ID# 37766 COMPS of them by successive generations of environmental restrictions, leaving them with only 52 sweating horses and 80 anemic pound-feet of torque. (The catalog claims 71 bhp, but that was only for the Canadian cars that still had the dual SUs.) This is the car that couldn't even catch a cold. However, the independent rear suspension, known for assuming a bull-legged look 1972 Triumph Spitfire Lot #C4, S/N FK30686U Condition: 5 Sold at $1,900 Mecum, Kansas City, MO, 4/29/2005 SCM ID# 38035 in hard cornering on the earlier cars, had by 1980 been fixed. The car weighed less than 1,800 pounds, so it was quick to respond to the wheel. The Spits were cited by motoring journalists as an example of the thrills to be found in driving slow cars quickly. But it was, nevertheless, one of the last sports cars sold in the United States when nearly everyone else had abandoned anything with a ragtop. In spite of the drawbacks, the little Spitfires, namesakes of Britain's finest hour, were still sweet, curvaceous things. They were more of a girl's car really, cited by designer Tom Matano as one of the influences behind his Mazda Miata. Sports Car Market Photos: Gooding & Company

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There are folks who have fond memories of life-changing experiences in a Triumph Spitfire, and they're willing to pay to recapture them. And if such a person couldn't have found this one, he might have spent more than $20,000 to restore a well-used example. And what would they have had at the end? A glossy used car with lots of Roadster Factory-reproduced parts and a fresh two-pack paint job. The person who bought this car will have the same fresh, clean bodywork, unsullied engine compartment, and fray-free upholstery of a restored car. But this person will have something more. Every single part on the car, except for the rubber bits, fluids, and tires (which we trust they will have the sense to replace before driving the car further than the nearest trailer) will be original. No hunting, no doubting, no questions. Original. And even when this car has 20,000 or 30,000 miles on it over the next ten years or more, it will still be original, (barring an unexpected encounter with an Escalade that can't see this diminutive roadster in the rearview). We doubt if any other Spitfire owner will be able to say that. So, proud new owner, get the brakes redone, replace the gaskets and hoses, change all the fluids, and buy new radial tires so the car will be safe and reliable. If you're fortunate enough to live in a state that is free of smog controls for cars more than 25 years old, swap in a set of SUs and pull the air pump to get back some of those ponies lost to federalizing the car. Either way, head out on the road and recapture those lost moments of youth. This timid virgin shouldn't be stuck on a museum pedestal gathering dust as an example of the British auto industry's last hurrah. And the new owner, for a shade under $20,000, now gets to be one of those lucky ones that you envy when he drives by. You're stuck in your flawless, faultless, emotionless new car, and he is fulfilling a fantasy.u May 2006 GARY ANDERSON is editor of MC2 , the magazine for Mini owners, www.mc2magazine.com. Historical and descriptive information courtesy the auction company. Seat Time Mike Green, Carmel, IN: I own a 1974 Triumph Spitfire that I have had since my junior year in high school. It is probably the most expensive Spitfire in the world, as I had a complete frame-off restoration completed about ten years ago and have won three nationals at the Vintage Triumph Registry national conventions. I will never sell the Spitfire, as it was my first car, and I took my future wife on dates in it. I also own a 1968 Triumph TR250 with 13,000 original miles, which I purchased from the original owner's estate five years ago, a 1968 Ferrari 275 GTB4, 1973 Ferrari Daytona (3,900 original miles), 2005 Ferrari F430, and a 2005 Ford GT. Bruce C. Ferguson, Stoughton, MA: I did indeed have a Triumph Spitfire, bought new in 1965. I wanted to get an Austin-Healey Sprite, but a friend of my father's told him that the Spitfire was a better car for the same money. Since Dad was co-signing the note ($67.00/month) I had to bow to Dad's friend's superior knowledge. Huge mistake. The speaker for the radio was tucked up under the dashboard outside of the steering wheel. As a result, my girlfriend, in order to hear it with the top down, had to play it at a volume level that was painful for the driver. Body panels faded at different rates from white to ivory. Shortly after I got the car, the passenger seat frame broke and had to be disassembled and bolted back together. One beautiful spring evening, I was motoring down the parkway. As I approached Route 9, coming around a decreasing-radius downhill sweeper, I snicked the transmission down a notch, and the engine immediately started a loud ticking noise. Turned out to be a “ruptured cam follower,” or tappet. Repaired under warranty. Later, in a minor skirmish in stop-and-go traffic, I hit a Buick on its bumper, leaving a smear of white paint but no actual damage. The other driver laughed at me, got back in his car, and drove away. The nose of my Spitfire was flattened just in front of the wheels. Still drivable, but headlights, hood, and fenders were gone. The Spitfire had a primitive independent rear end: swing arms only articulated at the differential. They had a nasty habit of lifting the inside wheel off the ground under hard cornering, allowing it to fold under and put you into a violent skid. I performed this unnatural act twice. How I lived through them was beyond me. On the other hand, I almost never put the top up. I was way cool driving that thing.u 47

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English Patient Gary Anderson Why Your Healey 3000 Isn't Worth $143,000 The buyer had a “Gone in 60 Seconds” list from his boss that included a big Healey—and he was out of time The $140k Healey O n Saturday evening at the Barrett-Jackson Auction in Scottsdale this year, a 1967 AustinHealey 3000 BJ8 convertible painted “golden beige metallic,” an original Healey color for the year—but not original to this particular car—with red leather interior, and absolutely no historical significance, sold for $143,100. This is the most expensive public sale of a produc- tion Austin-Healey ever (exceeded only by the limitedproduction 100S and Works Healeys). It tops the previous highest by more than $50,000. Only five years ago, the sale of a Healey for anything over $40,000 was big news. The question is: Should observers attach any market significance to this sale? The short answer is no. This sale didn't just border on irrationality; it crossed that border at somewhere around $80,000. But in terms of free-market economics, why should we call any auction sale irrational—as each transaction clearly represents what a willing buyer, along with a nearly-as-willing underbidder, agrees to pay for a certain item at a certain time. YOU COULD BUILD THIS CAR FOR $75,000 Here's the biggest reason this sale falls outside of what I would call “reasonable”: Anyone could go to the restorer who did the work on this car (or any of three or four other restorers with the same reputation for high- 48 quality work) and ask him to create an identical car at a guaranteed price, and we suspect he wouldn't ask more than $75,000, tops. And that price would include the cost of the donor car. Would that be easy to do? Absolutely. There is no scarcity of 1967 AustinHealey convertibles in restorable condition, and certainly no shortage of golden-beige metallic paint or red leather. As an aside, golden beige metallic was a shade that was selected for a small number of big Healeys in what was expected to be the last year of their production. Until recently, original golden-beige Healeys were rare enough to have their own registry, but this car wasn't originally that color, so aside from its inherent attractiveness, there's no particular significance here. It wasn't an unusual color even when Healeys were new; Jaguar used the same for- mulation on their Mk IIs and E-types during the period, calling it “opalescent golden sand.” Healeys with that exterior color could be ordered with either a black or a red interior, but red is definitely the more attractive of the two choices with the golden-beige finish. TIRED OF RESALE RED We don't know for sure, but it's possible that Kurt Tanner, the restorer of this car and a man who has managed to become a brand name in Healey restorations for auction sale, chose this color just because he was getting tired of building resale-red and bidfetching-BRG convertibles. Even considering the other Healeys that sold in January in the superheated air of Scottsdale, this sale wasn't in any ballpark we know. The real news at this auction was that there were eight other sales of Healeys in the $50,000 to $85,000 range. Two sold at $50,000, four more sold for under $75,000, and two sold for about $85,000. Even those are historically stupendous prices for Healeys, but they're basically what it would cost to buy a solid project car with all its parts and good body panels, then pay a shop to restore it to show condition. But that would take nine months or so, and there are Sports Car Market Photo courtesy Barrett-Jackson Auction Co. LLC. ©2006 Barrett-Jackson. All rights reserved.

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many buyers coming into the market today who aren't prepared to wait for what they want. Time is a valuable commodity to the Boomers that bid at these auctions, and they're happy to pay extra for immediate gratification. Certainly it's good for Healey owners that newly re- stored Healeys have been bid up over the past five years to the point where one might pay for a decent restoration without being underwater at the end of the process. Rising auction prices don't necessarily mean the prices of average, everyday cars will rise, but they certainly call attention to a marque. Decent Healeys in the club driver category are now recognized for the value that they provide. They're fast enough to hold their own on the freeway, they're instantly recognizable, and they have earned iconic status. BOOMERS RUNNING OUT OF TIME More important, like '60s muscle cars, they fill the memory of Baby Boomers who have leisure time and discretionary income. We're now seeing decent drivers, which might have sold for a solid $25,000 five years ago, selling for $40,000. As for the $140,000 sale, does it matter that a Healey has now sold for as much as an Aston-Martin DB5 or a Mulliner-bodied R-type Bentley? Is this sale likely to have any influence on the overall market value of Healeys? We say no. If you can pay to have someone restore a Healey to your exact specifica- tions for half what this buyer paid, even taking into account the time factor, then we must attribute that sale to something other than rationality. If we had to invent a scenario to explain this transaction in any terms other than speed—or the Speed Channel-induced buyer's euphoria—here's one plausible story line. BUYER HAD ‘GONE IN 60 SECONDS' TASK The buyer, who we know was buying cars on behalf of a wealthy car collector and museum developer, had perhaps a list of cars he was supposed to bring home—a “Gone in 60 Seconds” assignment—and at the end of the weekend, with only one Healey left to cross the block, he realized that a Healey was on that wish list and that he hadn't gotten one yet. Whoops. Gotta have it. At any price. And with other bidders pretty much aware of his bidding style, there might even have been a game of chicken going on to push the bidding up. Whatever the explanation, one golden-beige metallic Austin-Healey went home for an incredible price, which made the restorer happy, and had many owners calling their insurance agents the following week to bump their agreed-value policies up another $5,000 or $10,000. But if you're thinking of selling your Healey in the near future (even if it is golden beige with red upholstery), don't expect to have a buyer knocking at your door any time soon with $140,000 in his pocket. Buyers like that don't come along very often. And if you want one just like it, and can wait a few months, you will have saved yourself $65,000. Which will probably be just about enough to buy a perfect MGB at the next Barrett-Jackson.u May 2006 49

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Etceterini & Friends Profile 1974 Gaz-13 Chaika Limousine I suspect this car falls into the same class of collectible as hearses—you can't get away from the Dark Side by Paul Duchene DETAILS Years produced: 1959–81 Number produced: 3,719 Original list price: Not sold to public SCM Valuation: $10,000–$40,000 Tune-up cost: Hard to say, after oil and plugs Distributor cap: Try the factory at general@atom.gaz.ru Chassis #: Plate on right side of firewall Engine #: As above Club Info: Packards International keeps a Chaika registry. Call 714.541.8431 or e-mail markbeythoun@e-ventcentral .com. Alternatives: 1958–70 Chinese Hong-Qi, 1955–70 Soviet ZIL limousine, 1955–75 Tatra T603 Investment Grade: D COMPS KGB officers. To the average Russian, however, the cars were sinister T symbols of the terrible power of the state. The large rear seat made it easy for the KGB to simply pull up beside citizens on the sidewalk and drag them into the car for a trip to the feared Lubyanka prison. Nikita Khrushchev was known to have three Chaikas at his disposal and Premier Brezhnev reportedly preferred his Chaika over his ZIL, another Russian luxury car. Official Russian policy dictated that the cars be destroyed at the end of their duty cycle, so few survive. This car was sent out of Russia to Lithuania and used by Algirdas Brazauskas, the former Chairman of the Central Committee in Lithuania, during the Soviet era. He was elected first president after independence and is the current prime minister. This is understood to be the only Chaika to have been restored. In 2000, the body was stripped of all cosmetic items, including the windshield, and repainted in original black. The interior was retrimmed in gray cloth with white vinyl. The carpets were replaced and a new headliner fitted. The trunk was retrimmed and repainted, as was the engine compartment. Mechanically, the car is sound and starts quickly even after lengthy storage. It runs well and has been driven only 1,000 kilometers since restoration. 50 his Russian Gaz-13 “Chaika” limousine is number 2,511 of only 3,719 built between 1959 and 1981. The Chaika—which means Gull—was favored by Kremlin officials, Soviet heads of state, and senior While the styling definitely shows Detroit influences, the Chaika has a firm ride and the steering has excellent “feel”—more like a Mercedes-Benz than a '50s American car. The workmanship, fit, and finish of even small items such as knobs and switches is excellent. The 200-hp V8 engine is relatively silent. Only the manual choke and hand throttle seem out of date. The push-button, three-speed automatic transmission shifts smoothly, and the power brakes are a copy of the Kelsey-Hayes Treadle-Vac brake booster. Included with the car are the original unused spare tire, jack, tire pump, and Russian flat repair kit, plus tools, reprinted owner's handbook, and parts catalog in English and Russian. Even the fire extinguisher is Russian. A collection of rare memorabilia such as original sales brochures (in English and Russian), original key chain and fob, and a Russian made 1/43rd-scale model Gaz Chaika are included. The SCM analysis: This car sold for $43,200 at the Barrett-Jackson Arizona auction on January 19, 2006. The Chaika was a gamble at this all-American show, 1960 Skoda Felicia Lot #369, S/N 410072 Condition: 3 Sold at $16,740 Barrett-Jackson, Scottsdale, AZ, 1/26/2005 SCM ID# 36978 1954 Tatra T600 Lot #280, S/N 34714 Condition: 2Sold at $6,452 Bonhams, Henley-on-Thames, U.K., 7/16/2004 SCM ID# 34714 but the seller, an Oregon-based SCMer, said that he came out ahead even after shipping it from England. Stalin was a great admirer of 1930s Packards and the immediate post-war ZIS (Zavod Imeni Stalina) was assumed by many to have resulted from FDR's gift of the 1942 Packard 160 and 180 dies to the Soviets. (That series did not resume in the U.S. after WWII.) However, when compared side-by-side, which I had the opportunity to do, nothing matches. The ZIS rear fenders look more like a Cadillac and the Russian proportions miss the crisp Packard execution. The Chaika is also an approximate copy, as the Russians continued to dip into Detroit Sports Car Market

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parts bins at random through the '50s, '60s, and '70s, with ZIL (Zavod Imeni Lihacheva) limousines. The 1955 Packard redesign was lifted wholesale for the ZIL “111” including the wrap-around windshield, cowled headlights, and even the “V” in the egg-crate grille. ZIL also copied a 360-ci V8 and automatic transmission. GAZ (which stands forGorkovsky Avtomobilny Zavod) took a bunch of the same cues but muddled them up with Lincoln details along the side to produce the 1959 Chaika. It looks like a sober 1957 American sedan, with V8 engine (though aluminum), automatic transmission, power steering, and power brakes. I suspect this car falls into the same class of collectible as hearses—you can't get away from the Dark Side. There aren't any good connotations to be drawn from a brutal symbol of a repressive regime. Nobody collects Ford Falcons from Argentina, either. I don't know any Eastern Europeans who'd think it funny to drive a Chaika, and I'll bet there are neighborhoods you'd be wise to avoid if you do. The other difficult issue is spares. I almost bought a Swiss Condor motorcycle years ago with only 16 kilometers on the odometer. The seller told me the model was only made for the Swiss Army—indeed, it was in olive drab—and after a couple of jokes about Swiss Army knives (“Get by me, pal, and you're up against the guy with the spoons”), I asked him the odds on finding spares. He was honest enough to say, “Not good. Why do you think it's unridden?” There is a GAZ spares site at www.oldclassiccar.co.uk, but you're likely to find parts in Cuba. Best bet is to try the factory, which still makes trucks. This car was in spectacular condition, and consequently drew all the money. It's purely a museum piece and, fittingly, went to the LeMay collection in Tacoma, Washington.u PAUL DUCHENE remembers Volga and Moskvitch cars in England in the 1960s when they were less fashionable (but more reliable) than contemporary British offerings. Historical and descriptive information in this Profile is courtesy of the auction company. May 2006 51

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German Profile 1957 Porsche 356A Coupe If this car drives as the catalog says, the new owner did very well. If not get busy spending and making it right by Jim Schrager DETAILS Years produced: 1956–59 Number produced: 13,010 Original list price: $3,600 (1957) SCM Valuation: $30,000–$35,000 Tune-up/Major service: $200 Distributor cap: $15 Chassis #: On horizontal bulkhead under front hood Engine #: Stamped just below generator on third piece of alloy engine case Club: 356 Registry More: www.356registry.org Alternatives: 1959–62 Alfa Romeo Giulia Sprint, 1954–64 Mercedes190 SL, 1959–61 MGA Coupe SCM Investment Grade: B COMPS Chassis number: 100157 T he 356A was Porsche's first volume production car, in Coupe, Speedster, and Cabriolet versions. Introduced in 1956, the 356A embodied substantial revisions to the original 356 series, including a one-piece curved windshield, horn grilles under the headlights, and a gas gauge. Changes to the front and rear suspension, 15-inch wheels in the radically wide size (for the period) of 4.5 inches, a padded dashboard, and better legroom and headroom distinguished the A cars from their predecessors. Bodies for the 1956–57 cars were built exclusively by the Reutter body works. Engine choices included both pushrod and four-cam versions, starting with the 1,300cc pushrod models at 44 or 60 hp (measured under the conservative DIN system). The 1,600-cc pushrod engines produced 60 and 75 DIN hp and later became the standard engines through the B models to 1963. Of the two four-cam engines, one was a 1,500-cc GS engine with 100 DIN hp, the other a 1,500-cc GT model in a higher state of tune that produced 110 hp. Later in the A series, 1,600-cc GS and GT four-cam engines replaced the 1,500-cc version. All 1,500-cc GS and GT four-cam engines had troublesome roller bearing cranks, and some of the pushrod engines had rollers as well. This attractive Coupe has had sympathetic restoration work applied on an as-needed basis to a very solid original automobile. It includes a new and correct red leather 52 interior as well as new clutch, brakes and muffler. It is road- and show-ready and also eligible to compete in vintage sports car racing and rally events at any number of venues worldwide. Like all vintage Porsches, this car is nimble, quick and fun to drive and offers the driver unending miles of rapid and reliable pleasure behind the wheel. The SCM Analysis: This 356A sold for $30,800 at the Gooding & Company 2006 Palm Beach Auction. While at first blush a very good buy, some home- work with the specification books helps us explain why a car this nice sold for this relatively low price. However, in spite of an incorrect engine, I will call this car well-bought. One good point about any 356A is the basic plat- 1959 Porsche 356A Lot #448, S/N 102498 Condition: 3+ Sold at $25,300 Hershey LLC, Hershey, PA, 10/7/2004 SCM ID# 35105 1959 Porsche 356A Lot #125, S/N 107757 Condition: 3+ Sold at $24,550 RM, Phoenix, AZ, 1/23/2004 SCM ID# 32474 form, which has greatly improved handling characteristics for modern driving, compared with the more primitive 356. Porsche 356As have become the darlings of many in the Porsche crowd due to their sleek period looks, lines never quite equaled by the later B and C cars. The most obvious flaw in this example, although it won't hurt the car as a driver, is the 1958 1600-cc “Normal” engine with 60 DIN hp. This is an acceptable early engine, although it has the smaller oil pump and weaker rods. However, if carefully rebuilt to original specs, with correct pistons and cylinders, carburetors, and distributor, it can still be a fine engine with plenty of pep, though few will call this car fast. An improper engine isn't the end of the world in a 356 today. As 356 cars of all types have become more popular, engine swaps have become quite accepted—at an appropriate price discount, of course. The best swap is either a wrong engine from Sports Car Market Photos: Gooding & Company

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least boast about how fast your car drives (given, of course, that these things are all relative). And that brings up another point: Many old 356s drive like VW Beetles. Most owners won't admit that, not because they are dishonest, but because most people who own 356s don't know the difference. If you do, count yourself lucky. I am continually astonished, as I let people get behind the wheel of one of our 356s, at their amazement at how the car drives—which is nothing more than how they are supposed to drive. So a central issue with any 356 is how well it all works. If this one drives as the catalog says it does, then the new owner did very well. If not, then join the crowd and get busy making the car run right. The value for a 356 is based on a hundred details, taken all together, the same model year, or a much more powerful engine from a newer car. This car has neither, in that we have a “Normal” from a wrong year. Nothing wrong with this for a driver, but with this engine, the car appeals neither to the “originality” crowd nor the performance seekers. If you don't have the original engine for your 356, find a Super-90, SC, or 912 engine, rebuilt to perfection, to at Seat Time Archie Urciuoli, Nokomis, FL: The Porsche 356 came in three body styles: the Coupe; the Cabriolet (with a padded top and all the coupe amenities); and the lighterweight “sportier” model with hide-away top, the Speedster/ Convertible D/Roadster. My wife Maggie and I have owned all three 356 body variations, and currently have a 1959 356A Convertible D. Weighing just under 1,900 pounds, with a free-revving 1600 “Super” engine generating 75 DIN hp, the car is what I call a “smile car”—a nimble and grin-inducing blast to drive. Among the best-looking Porsches ever built, it draws admiring thumbs-up wherever it goes. I've driven many cars with literally twice its top speed, and costing several times as much, but few match the pure fun and simple beauty of the 356A. Phil Auldridge, Dripping Springs, TX: In 1974, I spied a solid but faded Porsche 356A sitting on a used car lot in San Diego. After some negotiation, I ended up bringing her home for a mere $800. It was near perfect except for the paint. I spent several weekends sanding the old finish and removing the mere handful of sparse external trim before proudly delivering it to my local Earl Scheib's for the old “Diamond Gloss special.” Amazing the quality paint job you can get from a place like this if you do your own prep and masking. Driving the little bathtub, even with its underpowered 1600 engine, was a joy. The ultra-thin tires and suicide swing-axle rear end could provide some exciting moments, but you always knew you were driving a real sports car. It attracted admiring glances and comments everywhere it was driven. It was easy to maintain, inexpensive to repair, and simplicity to the extreme. Downsides included the 6-volt electrical system that was frequently barely able to crank over the relatively high-compression engine. And, unlike later model 356s and VWs, you filled her gas tank by opening the front hood. Instead of hood springs, there was a “lift to lock up, lift again to release” mechanism. At service stations, you had to run to grab the station attendant's arm before he cranked downward on the hood in an attempt to close it, adding a permanent dimple to the hood surface. May 2006 Archie Urciuoli's 356 Oh, for a return to the days when a used first-rate sports car could be had on an entry-level salary! Russ McKissick, Fallbrook, CA: I had a 1959 Porsche 356A Cabriolet in 3+ condition that I drove 25k miles between 1973 and 1975. I remember it as being slow until 3,000 rpm, when the horsepower curve kicked in. It was like driving a skateboard, but with more body roll than the Spitfire or other sports cars of the era (such as my Alfa Duetto). The complex top was hard to repair but very nice, and the car had 20 coats of silver and clear lacquer. The transmission shifted slowly or ground the synchros—even after repair. The engine developed a rod bearing problem, so I sold it in 1975 after I got the $2,000 repair estimate. 53 that define the nature of the example. It is not possible to accurately value any 356 without seeing and driving the car. But working from the auction catalog, we have clues. For example, notice the flat seat bottoms. There is supposed to be a deep pleat that runs from side to side to develop a pocket in which to place your rear end. It is missing, one sign of a “quickie” recovering. Notice the wrinkles on the seat back? This is not the way these seats should look. Look at the windshield wipers, placed haphazardly. None of these are big issues, but some of the things we see begin to tell a story about the way this example was put together. Depending on a look at many other details, the purchaser may have gotten a fair value for today's market, which would be my guess. But on the other hand, the new owner may have his work cut out for him. u JIM SCHRAGER is the author of Buying, Driving and Enjoying the Porsche 356, and writes for The 356 Registry magazine. Historical and descriptive information in this Profile is courtesy of the auction company.

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Porsche Gespräch Jim Schrager Leading the Porsche Pack I'm not sure what to call the Arizona buyers, but with their glorious ignorance of market prices, “enthusiast” doesn't come to mind Porsche Gespräch / Jim Schrager The high-performance—and high-dollar—Carrera GT A fter our wild ride in Arizona in January, there can be little doubt that these are high times in the Porsche market. Few people remember bigger prices, even including the dramatic and traumatic 1989–90 period. For some models, even vintage accessories have become unavailable, such as chrome horn rings for the 356B/C cars, Recaro Sport Seats for the 1967–73 911 cars, and the previously fairly common Les Leston wood steering wheels. My favorite bit of nonsense I hear around the bar is that this time it's different because these are enthusiasts buying. Really? If it's an enthusiast who paid $135,000 for a decent but not special 356A Cabriolet, or $48,000 for an average 356B coupe, they have to be the most uninformed enthusiasts I've ever met. I'm not sure what to call these trend-setters, but be- cause of their glorious ignorance of market prices, something most dyed-in-the-wool collectors are acutely aware of, the term enthusiast doesn't readily come to mind. For sure they've never read a single copy of the 356 Registry Magazine or SCM. Yet not every special Porsche is going to the moon and even those moving up are doing so at differing rates. Here are a few bellwether examples in our wild market of 2006. 1956–58 356A SPEEDSTERS: No report on the Porsche market can be complete without an update on the 356 icon. These cars are doing well, with really special cars now topping $100,000, but they have slowed down a bit. Pre-A Speedsters, 1954–56, tend to bring less money due to their more fragile and lower-performance drivetrains and less-than-modern handling. Speedsters are not rare, with over 4,000 built, so the acceleration of prices speaks of a broad increase in demand. Decent drivers that were $50,000–$60,000 five years ago now can reach $90,000. But the air gets pretty thin for six-figure Speedsters, and such a car needs to be an awfully nice example. We have seen the heady increases of the past few years slowing down in step with the depreciation of the Euro, which appeared to be driving much of the buying power. 1956–59 356A COUPES:These went wild a few years ago and special cars topped $50,000, but they have not continued to accelerate. They are far more numerous than Speedsters, and while original-condition cars can still set records, more common nice examples have tailed off, although prices have not dropped. Call this one sideways. 1973–76 914 2.0 ROADSTERS: As we have reported, these have been moving up nicely, although from a very low starting point. It takes about $8,000 to buy a very nice car, defined as one without chassis or body rust, with good cosmetics and a decent interior. Subtract about $2,000 if the car has lost its fuel injection. 914s with carbs are far easier to maintain, but rarely run as strong. The biggest shocker when you drive a good 914 2.0 is how much fun they are. It's not a 911, but they feel light, peppy, and nimble, in the best tradition of the 356 and 912 cars. 1969–73 911T COUPES AND TARGAS: Over the ten years we have been writing about 911T values, our target for a decent car has slowly risen, from about $10,000 to $12,000, and now we set the bar at $15,000, which still buys a “decent” 911T of '58 Porsche 356A Coupe 54 '57 Porsche 356A Speedster Sports Car Market

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120 built). Prices have slowed down this year, but have not fallen. This remains a seller's market not driven by the Euro, as most buyers are anxious U.S. enthusiasts. CARRERA GT: This is the highest performance street Porsche ever built. The car has powerful allure—many stars have one, and Jay Leno drove one to a new world record for a street-legal car. The design is breathtakingly beautiful and the finish quality, level of craftsmanship, and ultimate performance would make any 904 owner blush with envy. Yet Porsche had such difficulty selling the planned run of 1,500 that the production target has been lowered to 1,250. Prices are soft on the exceptional supercar. How can this be, when 1,500 1973 Carrera '73 Porsche 914 2.0 this vintage. By decent I don't mean a car to drive across the county or a show winner. But I mean a solid used car that you can enjoy with no fatal flaws such as substantial rust, a smoky engine, or a trashed interior. The bigger price movements have been in the low- mileage, original 911T cars. It was unusual to see one of these sell in the low $20,000s five years ago, but today asking prices can reach $30,000 and even higher. To qualify for this price level they must have proof of low mileage beyond the odometer reading and original carpets, seats, and paint. 1973 CARRERA RS (TOURING): These were the first 911s to shoot up into the stratosphere above $100,000, and exceptional cars continue to bring well into six figures, which is quite amazing for a used 911. Although far rarer than a Speedster, with about 1,500 built, these aren't a 904 (with '73 Porsche 911T '73 Porsche 911 Carrera RS RS cars were sold new without even trying? We tend to forget that everything, including exotic cars, has a price/volume relationship. The Carrera GT is the first production Porsche to sell at approximately five times the going rate for a standard 911. All earlier special Porsches sold at perhaps double production car prices. Porsche discovered—as has Ford with the Ford GT—a car priced far above the standard price envelope for your marque makes demand very hard to estimate. If you're curious how strong the effect is, visit www.FordGTprices.com for a lively discussion of the effects of supply and demand on limited-production exotic GT cars. And in the meantime, don't plan on making a killing with a quick flip on a Carrera GT.u May 2006 55

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American Profile 1941 Chrysler Thunderbolt Last year's $3.2 million Oldsmobile F-88 sale has collectors scouring barns and museums for ‘50s dream cars By Carl Bomstead DETAILS Years produced: 1941 Number produced: 5, possibly 6 Original list price: Unknown SCM Valuation: N/A Tune up/major service: $250 Distributor cap: $25 Chassis #: Left door hinge post Engine #: Left side of block Club: Classic Car Club of America, 1645 Des Plaines River Road, Des Plaines, IL 60018-2206 More: www.Imperial Club.com Alternatives: 1952 Chrysler d'Elegance, 1941 Chrysler Newport, 1955 Packard Request SCM Investment Grade: A COMPS Chassis number: 7807976 T he business of building “show” or “concept” cars was in its infancy in 1940, with the notion of showcasing future styling and innovations. The idea dated back to Harley Earl and his 1938 Buick Y-Job, which was such a success that it didn't take long for other automobile manufacturers to follow Earl's lead. The Thunderbolt concept was born from a pitch by Alex Tremulis to LeBaron's head Ralph Roberts to create a pair of “dream cars” in 1939. Roberts was so impressed with the design he organized a meeting with Chrysler president K.T. Keller and Chrysler division president Dave Wallace to discuss the cars: The pair gave the go-ahead to create two different cars based on the Roberts and Tremulis sketches. The Thunderbolt and Newport projects ended up being two of the most interesting cars to ever come from LeBaron, as well as some of the last. The onset of World War II forced LeBaron to halt production. (The name would be revived later by Chrysler for Imperials and then for ghastly K-cars). The Thunderbolt utilized a fullenvelope body with concealed headlights and was the first American retractable hard top. Peugeot had pioneered the idea in Europe a decade earlier. Each of the original five Thunderbolts received a dif- ferent color combination and carried a discreet bolt of lightning on the contoured aluminum doors. Subtle differences such as exterior wraparound trim and dashboard finishes made each car unique. The Thunderbolt would not have looked out of place 15 years later. It was shorter than the Newport and seated three on a wide bench seat. Unlike the Newport's dipped fender line, the Thunderbolt had a straight line with no dip 56 or belt molding of any kind. Both front and rear wheels were covered with fender skirts, headlights were retractable, and there was no recognizable grille. Air intakes were situated below the bumper. This Chrysler Thunderbolt is the pinnacle of con- ceptual design, likened to an undiscovered work of art or unknown manuscript. It has passed the test of time, largely hidden away until now. The SCM Analysis: This car sold for $1,210,000 at RM's sale in Phoenix, Arizona, on January 20, 2006. Alex Tremulis is best remembered as the designer of the legendary Tucker. In the late '30s he was working with Crosley and American Bantam prior to returning to Briggs Body Works. In 1939 he presented his design for the striking Thunderbolt to the head of Briggs-LeBaron, Ralph Roberts. As noted by the auction company, two designs were approved by Chrysler; Tremulis headed the Thunderbolt effort and Roberts the Newport. Their task was to complete the cars in three months' time. The Thunderbolts and Newports toured the country visiting dealerships, and the 1992 Ghia Focus concept Lot # 32 Condition: 1- Sold at $1,107,500 Christie's, Dearborn, MI, 6/16/2002 SCM ID# 28686 Newport was selected as the 1941 Indianapolis 500 Pace Car. They were all sold to private owners once their promotional value was exhausted and Lana Turner—perhaps through her involvement with New York Yankees owner Dan Topping—owned a red Newport. The number of Thunderbolts built is still in dispute. Some sources say five, others six. Four are accounted for today. One is displayed at the Walter P. Chrysler Museum in Auburn Hills, Michigan, along with a Chrysler Newport. Two are in private collections, one in California. The car sold here has a well-documented history and was recently painted red and silver with whitewall tires. Contrary to auction company statements, this Thunderbolt was not “hidden away”—it was displayed at the Concours on Rodeo Drive in Beverly Hills in 2002. When RM sold a Chrysler Newport at its March 2004 Amelia Island sale for $330,000, Sports Car Market 1952 Chrysler d'Elegance Lot # 375A, S/N 321953 Condition: 2 Sold at $1,188,000 Kruse, Atlantic City, NJ, 2/9/2001 SCM ID# 24603 Photos: RM Auctions

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the SCM auction reporter stated “Value does not seem out of place here.” Since then, concept cars have appreciated four-fold. This carried over to one sale last year at Barrett-Jackson, when a masterfully presented 1954 Oldsmobile F-88 concept car crossed the auction block. What transpired is still being talked about, as Speed Channel viewers recall an animated “Mr. Ferrari Hat” spending his boss's money with abandon. The $3,240,000 sale was at least $2,000,000 higher than expected and started the boom in American dream cars. One year later, a one-off 1952 Chrysler d'Elegance concept car sold for $1,188,000 and a 1954 Pontiac Bonneville Motorama concept reached $3,024,000 at the same auction. Toss in $4 million or so for a 1953 General Motors Futurliner “Parade of Progress” tour bus and things have changed dramatically. The unanswered question, of course, is will this trend continue or will values dive as quickly as they rose? Yes, these are all important cars, but once the current craze has passed, will they be worth $250,000 or ten times that amount? Only time will tell.u CARL BOMSTEAD customized his first car, a 1948 Plymouth, when he was 15. Close to 100 cars have passed through his garage since. Historical and descriptive information courtesy of the auction company. May 2006 57

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Domestic Affairs Colin Comer Restoring Your High-School Sweetheart Although bias-ply tires look great, they'll make your car wander like a drunken hound on the scent of fifty rabbits S o you just bought your high school dream car at auction—that Plum Crazy 1970 Hemi Road Runner with a four-speed. Now it's time to drive it and—holy smoke! The belted tires follow every crack in the road; it doesn't want to turn or stop; the engine's spinning at 4,500 rpm at 70 mph; and you can't hear yourself think. Maybe Thomas Wolfe was right —you can't go home again. And if you do, you'll find Peggy Sue isn't your 100-pound high school sweetheart any more. But maybe she moved out to California and had herself nipped and tucked? That's what you need to do with your dream car: Upgrade it and give it a chance to fulfill your high school fantasies. There have been huge technological advances in the 40 years since the first muscle Looks good, drives bad cars rolled out of Detroit. They've raised our expectations of how a car should drive. Perhaps it's time to make that perfectly restored muscle car behave as good as it looks. Having four-wheeled garage art is only half the fun. Weather permitting (I do live in Wisconsin), I drive an old car every day. Unless you are satisfied with a trailer queen or a limited-use concours car, improvements can peel away the years from that old Detroit iron. First make sure the car will actually get from point A to point B. Although British car owners know driving shoes must also be comfortable walking shoes, there is no need for that here. Concentrate on basics: spark, fuel, cooling, starting, and charging. 1. IGNITION: Conversion kits exist to rid your distributor of its breaker points and replace them with reliable solid-state electronics. It's completely hidden; I like the PerTronix brand. For under $100, you can't go wrong. 2. FUEL: Make sure everything is absolutely perfect from the fuel tank forward, in- cluding having factory-specified fuel line diameters. I have seen lots of big blocks with small block line sets and sending units. Get the car on a chassis dyno with an exhaust gas analyzer to make sure the carburetor jetting, timing, and distributor advance curve are spot-on. I've seen increases of over 50 hp from a proper “super tune.” A properly set-up, carbureted V8 will run nearly as well as a fuel-injected one. At this point we have a car that really runs and still looks bone-stock. Be thorough, though, and inspect, calibrate, and change everything from the ignition wires to the idle jets—the devil is truly in the details. 3. COOLING SYSTEM: Put the original date-coded radiator in storage and buy a stock- appearing, high-performance version—either brass or aluminum painted black. Install the right thermostat and make sure the cooling fan is correct and the shroud is in place. If equipped with a fan clutch, check that it works. 4. STARTING SYSTEM: Buy a modern sealed battery with more juice than stock, and no more acid leaks. Have the starter rebuilt correctly, and make sure all cables are tight and insulated properly. Invest in a high-output rebuild of your stock alternator, and if equipped, hide a solid-state external regulator under the cover of an original points-style version. 5. TRANSMISSION: Now that we have this baby humming, let's make her dance. Steep gears and four speeds sound great on paper, but in reality, nobody wants to be spinning 4,500 rpm at 70 mph. Bolt-in five-speed conversions are readily available for all domestic cars—and if that doesn't appeal to you, calculate your overall tire diameter and what rear axle ratio you'll need to put your engine around 3,000 rpm at 70 mph. For automatic transmission cars, four-speed automatic overdrive transmission conversions 58 are available—again, bolt in and swap back to stock if you ever need to. Have the driveshaft balanced. Measure and correct the rear differential pinion angle to minimize vibration, if needed. A car that can go down the freeway effortlessly is more useful than one that is a half-second faster in the quarter mile, but makes you feel like you're stuck in a Mixmaster when you're on a cruise. 6. TIRES: Although correct bias-ply tires look great, they'll make your car wander like a drunken hound on the scent of fifty rabbits. Calculate the overall diameter and width of the OEM tire and find a suitable radial replacement. For suspension, install improved bushings, establish proper ride height using good aftermarket springs painted and detailed to look stock, and add a good set of gas shocks painted the OE color. Blueprinted and quick-ratio steering boxes rival the best rack-and-pinions. Research aftermarket companies to learn correct alignment settings or your suspension won't work properly. Most suspensions were fairly well engineered when new, and only become ineffective after many years of Joe Bob Cooter deciding he “knows better than all them fancy engineering types in Deetroit.” 7. BRAKES: Bolt-on disc brake kits are available and the change is easily reversible. Updated lining material is available for both factory and aftermarket systems. On cars prior to 1967, it's a good idea to incorporate a dualcircuit master cylinder in place of the stock single-circuit. Make sure all rubber parts and hoses are new, and that the lines and hoses are properly routed where they won't be cut by other components or melted by the exhaust. Brake upgrades such as vented rotors, bigger calipers, and even bigger rear drums are available, but they're not necessary for the street if the stock system is fresh. Remember to use a high quality DOT 4 fluid and change it every year. 8. GREMLINS: Lastly, have a competent mechanic chase out the “bugs.” If your lights or wipers don't work, you surely won't find out until 10:00 PM about 300 miles from home on a deserted country road. Your car functioned reliably when new and should do so now. There is no excuse for a car that doesn't work. Following this program, I've built some super- reliable and thoroughly enjoyable old muscle cars. There's nothing like a thousand-mile road rally or showing your 40-year-old taillights to a Honda festooned with more wings than a Wright Brothers experiment.u COLIN COMER is founder and president of Colin's Classic Automobiles, as well as an avid collector and enthusiast. Sports Car Market

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Race Car Profile 1955 Maserati 300S I have no direct knowledge, but I recall doubting in 1998 that there was very much 1955 metal sitting on those wheels by Thor Thorson DETAILS Years produced: 1955–58 Number produced: 28 Original list price: $8,500 (approx) SCM Valuation: $2,750,000 Cost per hour to race: $1,000 Distributor cap: $200 Chassis #: Tag on dashboard Engine #: On head between cams Club: Maserati Club International, 1620 Industry Drive SW, Suite F, Auburn, WA, 98001 More: www.Maseratinet.com Alternatives: 1954–56 Ferrari Monza, 1953–55 Jaguar D-type, 1953–56 Aston-Martin DB3S Chassis number: 3057 I n 1955, after taking delivery of his most powerful Maserati to date, the three-liter 300S offered here, chassis number 3057, Benoit Musy contested eleven European Sports Car Championship events, winning five times and scoring a further five podium finishes up to the August 12, 1956, Kristianstad Swedish Grand Prix, which he won. In a cruel twist of fate, Musy was to perish abruptly at the Coupe de Paris Montlhery on October 7, 1956—the last big race of the season. Musy had delivered his 300S to the factory for its year-end service and as a result it was not available for the race, so a friend lent him his new Maserati 200S. Part of the steering failed, sending the car over the banking. After his death, his wife left chassis 3057 at the Maserati factory with orders to sell it. The 300S was eventually sold to the Auto Racing and Touring Club of Angola. The wealthy Angola Automobile Club would purchase such cars for its affluent Portuguese members to use in South African events. We know that 3057 was raced out of Angola for many years. But in the 1970s, most Portuguese residents left Angola following the communist revolution. In doing so, they abandoned large possessions like cars, including this 300S Maserati. Old racing cars were converted to road cars, as was 3057, which was fitted with an American V8 and a cut down driver's door. In 1989, Swedish national Stein Johnson found the 300S. Photos show that, while dented and in poor condition, 3057 was remarkably complete, although fitted with a different grille and unattractive tail lamps. Johnson shipped the rolling chassis and body, less engine and gearbox, to Oslo in 1991. A proper restoration was beyond his means, so a year later number 3057 went to Englishman Peter Scott. Scott retained Church Green Engineering to carry out a meticulous restoration. The painstaking rebuild utilized most of the original coachwork, all of the chassis, suspension, brakes, steering mechanism and steering wheel, gear 60 change mechanism, tanks, instruments, seats, interior panels, chassis tags, and road wheels. During the restoration, Church Green Engineering fitted a remanufactured, correct 300S Maserati/Embry engine as well as a new five-speed transaxle from Jack Knight Gears. The SCM analysis: This car sold for $1,925,000 at RM's Phoenix auction held January 20, 2006. One of the interesting misconceptions people have about the Maserati 300S is that it's sort of a secondtier Ferrari Testa Rossa. This is emphatically not the case. The 300S was first produced in 1955, three years before the iconic 250 TR. In its prime year of 1956, the 300S raced against Ferrari Monzas, Jaguar D-types, and the Aston Martin DB3S. The fact that it is today seen as a TR equivalent is testimony to what a great car it was. I know a number of people who have driven them all, and the consensus is that the 300S handles better than the TR and far better than the Monza. In terms of being seen as an equal, of course, the Maserati's lack of a V12 hurts its image, but it's important to remember that in 1955, nobody—not even Ferrari—raced with a V12. This was the time of four- and six-cylinder race engines from all the manufacturers, and Maserati's three-liter six was one of the best. In 1956, Ferrari came along with the 290 MM 1960 Maserati Tipo 60 Lot #62, S/N 2460 Condition: 3- Sold at $2,055,942 Christie's, London, U.K., 3/26/2001 SCM ID# 24041 SCM Investment Grade: A COMPS 1956 Ferrari 860 Monza Lot #453 Condition: 1- Sold at $2,057,001 RM, Monterey, CA, 8/15/2003 SCM ID# 36112 (3.5-liter V12 in an 860 Monza chassis) and began to establish V12 dominance. The 300S is easily the most beloved of the '50s Maserati sports racers. The four- cylinder 150S and 200S are excellent, but at 1.5 and 2 liters they don't have the world championship panache of the 300S. The 450S has earned a fearsome reputation and is very intimidating, but the 300S sits comfortably in the middle; world-class fast, lithe, and beautiful. This particular car was beautifully presented at auction, with five pages of text extol- ling the virtues of the marque and this car. The chassis history is impressive and there appears to be no doubt that chassis number 3057 is correctly assigned, so why did it sell for a candidly unimpressive “just under $2 mil” in a generally strong market? Something closer to $3 million seems more likely. The answer has to do with originality. At this level you're buying art as much as Sports Car Market Photos: RM Auctions

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adrenaline, and how much of the car is the work of 1955 Italians vs. much later “restorers” is crucial. Nobody questions that this car was Musy's mount in the glory years. The fact that it endured an awful fate, including the loss of its engine and transaxle (at minimum), in the revolutions of southern Africa is part of its history, but the result is that it's a greatly compromised car. I recall inspecting this car for a client at Paradise Garage in 1998 (memory says they were asking £425,000, about $700,000 at the time). I advised my client that the car had apparently been built as a “hot rod” for Martin Stretton and if the intent was to buy a “weapon for the battle” it would be a good move. As a collector vehicle I was more circumspect. I have no direct knowledge nor reason to doubt the catalog's assertions as to how much of the car was saved in the restoration, but I recall doubting in 1998 that there was very much 1955 metal sitting on those wheels. Apparently this car has been accepted by the Ferrari- Maserati Challenge folks, though, and they can be very difficult if they think something's not right. If you've got their blessing you're good to go, so who am I to question? I do have to comment on the transaxle. If it is gone, I agree you've got to make a new one, but a five-speed Jack Knight? My books tell me that the 300S had four gears and only one ever left the factory with a five-speed (S/N 3080, in 1958) so this seems a bit questionable, even if the extra gear would be mighty handy in a race. So the basic answer is that this is a weapons-grade example of a very collectible car. It didn't bring near the money that a really good 300S should get, but it really didn't try to (the estimate of $2.2 million–$2.5 million would have triggered a stampede for a really good 300S). It was honestly represented and the issues with the car were reflected in the sales price. Whoever bought it will probably be quicker with fewer worries and less money in- vested than his compatriots with “better” cars. As long as they can run together in the same events, who's the smart one?u THOR THORSON has been hooked on race cars since the late '50s and actively involved with vintage racing since the late '70s. Historical and descriptive information in this Profile courtesy of the auction company. May 2006 61

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Market Reports Overview The Hammer Comes Down on $73m RM's Friday-only sale at the Biltmore featured a brace of million-dollar mounts that left auction-goers breathless by Stefan Lombard W Gilles Villeneuve provenance helped this 1980 Ferrari 312 T5 achieve a record in Palm Beach By the Numbers $6m $12m $18m $24m $30m RM Auctions Phoenix, AZ 62 Russo and Steele Scottsdale, AZ Kruse International Phoenix, AZ Silver Auctions Ft. McDowell, AZ 2006 2005 2004 2003 2002 2001 ith all the pomp, circumstance, and exclamations that seemed to attach themselves to Barrett-Jackson, it might be easy to forget that RM, Russo and Steele, Silver, and Kruse also held auctions during that frantic January week. That is, until you feast your eyes on the facts. Each of these collector auction mainstays put up their own big numbers, and by the time all was said and done, nearly $63m had changed hands. Leading the charge was RM, whose Friday-only sale at the Arizona Biltmore included a brace of million-dollar rides that left those in attendance a bit breathless. It's hard to pick a star car at a sale with so many highlights, but by most estimates that honor went to a 1965 Aston Martin DB5 coupe with James Bond provenance, profiled last month in SCM. In fact, when the SCM gang got together Wednesday night to dine at Buca di Beppo in downtown Scottsdale, there was much speculation at the big round table when Senior Analyst Dave Kinney posed this question: “What will be the biggest surprise of the week?” No one could have known at the time the answer was a big red bus, but we'll give Kinney half credit for answer- Gooding & Co. Palm Beach, FL Bonhams London, UK Sports Car Market

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ing his own question correctly. “I think the James Bond Aston will break $2m,” he said, twirling some pasta onto a spoon. And by close of business Friday night, “The Most Famous Car in the World” did just that. Across town, Scottsdale's “other” auction house, Russo and Steele, managed to bring the house down with its three-day sale. With a list of consignments that included not one but two Corvette racers, the highest selling Hemi 'Cuda of the week, and one attention-getting Duesenberg bitsa, there was certainly no lacking for variety. And as it is the spice of life, auction-goers responded with their paddles, nearly doubling the sales figure set in 2005. Farther out, away from the hustle and fully- booked hotel rooms of the greater Phoenix area, Silver and Kruse each held sales on a smaller scale. Ft. McDowell played host to Silver's effort, and despite being abbreviated to just three days this year, the pay-off was a $1.3m boost from 2005. Meanwhile, Kruse set up shop at Phoenix International Raceway, and the mix of on-track excitement and auction block deal-making meant that Dean, Dan, and the gang headed back to Indiana with a similar $1.3m bump over last year. While all this was going on, clear across the continent RM Auctions (RM) Phoenix, AZ, p. 64 Kruse International (K) Avondale, AZ, p. 110 Silver Auctions (RM) Fort McDowell, AZ, p. 100 Russo and Steele (RS) Scottsdale, AZ, p. 90 Gooding & Company posted its own notable tally. Far removed from the dry climes of the Scottsdale desert, and even farther from its customary Pebble Beach locale, the firm got paddles waving in balmy South Florida, the perfect bookend sale to a week that included the Cavallino Classic and the Palm Beach International Concours. In the process, Gooding managed to up the ante in the little known but expensive game of “How Much is Your Talbot-Lago Worth?” In this case, $3.9m. Finally, for the umpteenth year in a row, the venerable U.K.-based Bonhams firm held its end-of-season sale at London's Olympia Conference Center. And, for the Gooding & Company (G) Palm Beach, FL, p. 78 umpteenth year in a row, our own Richard Hudson-Evans stopped by to assess the situation. Though the number of consignments, sell-through rate, and total volume were all down from previous years, some decent kit managed to change hands at strong prices. The busy 31 days of January have set the tone for the year ahead. It appears that between celebrity cars, muscle cars, foreign exotics, and concept cars, the market is hitting on all cylinders in all areas. Even as you read this, our team of auction analysts is out in the field, scrutinizing hundreds of cars firsthand and sending back all they observe so that you will benefit from their expertise in the issues ahead.u United Kingdom Bonham's (B) London, UK, p. 118 SCM1-6 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 Top10 Sales This Issue (Land Auctions Only) 1. 1939 Talbot-Lago T150C SS, $3,905,000—G, p. 81 2. 1934 Packard Twelve Speedster, $3,190,000—RM, p. 72 3. 1965 Aston Martin DB5, $2,090,000—RM, p. 65 4. 1955 Maserati 300S, $1,925,000—RM, p. 66 5. 1962 Shelby Cobra 260, $1,815,000—RM, p. 74 6. 1969 Ferrari 212 E Montagna, $1,650,000—RM, p. 68 7. 1953 Jaguar XK C-type, $1,512,500—RM, p. 65 8. 1941 Chrysler Thunderbolt, $1,210,000—RM, p. 72 9. 1938 Bugatti Type 57C Aravis, $1,045,000—RM, p. 66 10. 1930 Duesenberg J LeBaron, $1,001,000—RM, p. 70 May 2006 1. 1973 Excalibur Phaeton, $9,288—K, p. 116 2. 1959 Triumph TR3A, $22,232—B, p. 121 3. 1967 Jaguar XKE, $55,000—RM, p. 66 4. 1970 Plymouth Hemi ‘Cuda, $330,000—RM, p. 76 5. 1939 Talbot-Lago T150C SS, $3,905,000—G, p. 81 63 Best Buys

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Column Author RM Auctions Phoenix, AZ Vintage Motor Cars in Arizona It should come as no surprise that the Aston's Browning machine guns got the attention of partygoers when Lobzun lit them off Company RM Auctions Date January 20, 2006 Location Phoenix, AZ Auctioneer Peter Bainbridge Automotive lots sold / offered 106 / 110 Sales rate 96% Sales total $31,293,300 High sale 1934 Packard Twelve Runabout, sold at $3,190,000 Buyer's premium This 1967 Ferrari 330 GTS was hard to miss in Fly Yellow, and a good buy at $357,500 Report and photos by Carl Bomstead Market opinions in italics. R Phoenix, AZ M's highly civilized approach to auctioning collector cars is a far cry from the exuberant barkers, ZZ Top soundtracks, and exuberantly endowed stage-babes one finds at some other auction ven- ues. Yes, at the end of the day, both approaches get the job done by appealing to different markets with different styles. But the Canadian firm has built a dedicated clientele at their Scottsdale event, which generally doesn't venture cross-town and, for the most part, maintains a low profile. Of course, remaining incognito can be a difficult task when dropping six or seven figures on a fiftyyear old machine. The stately Arizona Biltmore proved just the place to hunker down for a weekend of collection bolstering, as the thought of Rob Myers' clientele having such transactions chronicled on national television would be…distasteful. At its bigger sales, RM typically targets those who fancy traditional classics and pedigreed vintage sports cars. This was no exception, though the sale also included some hot rods, customs, big block muscle, and the occasional oddity, such as a 1960 Austin Mini Traveler. RM sponsored a reception on the Thursday evening prior to the auction that gave attendees an opportunity to preview the cars. Terry Lobzun, RM's Media Director, sported an elegant white dinner jacket as he demonstrated the “Q” -inspired 007 features found on the James Bond Aston Martin DB5 coupe. It should come as no surprise that the car's fender-hidden Browning machine guns 64 (now powered by a propane-oxygen mix) got the attention of partygoers when Lobzun lit them off. When the sale commenced, cars with an estimated value of less than $100,000 were offered at no reserve. The policy only affected a handful of the vehicles to cross the block, but it ensured that sellers were able to unload their lower-tier collectibles. At the other end of this spectrum, the million-dollar club gained several new members. One such addition was a gorgeous 1938 Bugatti Type 57C Aravis drophead coupe, the only Bug present. One of six produced, and one of two that came supercharged, it sold here for $1,045,000. Like Barrett-Jackson, RM was not without concept cars, and a 1941 Chrysler Thunderbolt prototype traded for a strong final bid of $1,210,000. And a Duesenberg Model J dual-cowl phaeton squeaked in with only $1,000 to spare, selling at $1,001,000. In a show full of stars, the stars of the show were the Bond DB5, which broke into Zagato-bodied Aston territory at $2,090,000, and the LeBaron-bodied 1934 Packard Twelve Speedster that made top sale at an impressive $3,190,000. When the dust settled Friday evening, only four of the 110 cars presented failed to find new homes, and the total sales figure of $31.3m represented a satisfactory afternoon's work, a tally that vindicated RM's sophisticated approach to selling sophisticated cars to sophisticated collectors.u Sports Car Market 10% (included in sold prices)

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ENGLISH #174-1930 BENTLEY SPEED SIX Le Mans tourer. S/N HM2852. Eng. # HM2852SS. British Racing Green/black leather. RHD. Odo: 996 km. Replica Vanden Plas body. Stunning restoration to Le Mans specifications from an original Speed Six. Many original Le Mans pieces and parts, including the billiard ball lap counter. First in Class at Pebble Beach in 1999, and still concours quality throughout. cam, high-compression pistons, a modified distributor and a few more internal goodies. I doubt if this stuff was done by the dealer. Bought here for less than a “real one.” I do wonder how this would be received by the Healey purists, who've been known to explode over such things as what their cars are called. #156-1960 AUSTIN SEVEN Mini Traveler Cond: 1. SOLD AT $605,000. A bitsa, but a very good bitsa. Eligible for Bentley Drivers Club events. An actual Le Mans tourer, if you could locate at real one for sale, would cost several million, so this would have to be considered one well-bought replica. TOP 10 No. 7 #150-1953 JAGUAR XK C-TYPE roadster. S/N XKC014. Eng. # E10148. British Racing Green/black. RHD. Odo: 4,441. One of 53 built. A very original example that retains the factory chassis, body, engine, and majority of important parts. Correct restoration some years ago, though the paint is showing its age trim. Interesting interior, with burled walnut dash. Engine is clean and tidy. No real issues with this interesting little Mini wagon. Cond: 2. SOLD AT $20,350. Seems like a lot of money for a small wagon with limited use. Maybe you could use it to take your small show dog to the local shows. How about a clown car? Wonder how many you could cram in there? #177-1965 JAGUAR XKE SI convertible. now. Part of the Skip Barber collection. Cond: 2. SOLD AT $1,512,500. Dripping with history. Hit 134 mph on the beach at Daytona. If money was not an issue and you could only have one car then this would be my choice. Tame enough for the street, strong enough for vintage racing or rallies. Was the price paid too much? Who cares; find another this original for the price. #157-1956 AUSTIN-HEALEY 100M Le Mans roadster. S/N BN2L230650. Eng. # 230650M. Navy/Bone leather. Dealer-installed Le Mans performance kit, which includes louvered hood and strap, carbs, cold-air box and fold-down windscreen. Performance increased to 110 hp. Quality restoration completed last year. Minor paint issues only, with excellent chrome, and a flawless interior. A very appealing BN2. Cond: 1-. SOLD AT $52,800. The factory version of a 100M includes a high-lift May 2006 S/N 23404881. Red/tan cloth/tan leather. Odo: 30,185 miles. Desirable 4.2 engine. Fully restored, with deep and lustrous paint—six coats of acrylic urethane with six coats of clear. New leather interior. Pioneer CD stereo, but wagon. S/N HINAAW7L84204. Wedgwood Blue/Dove Gray vinyl. Odo: 81,724 miles. Original 850-cc engine replaced with a larger 1275-cc. Restored to a nice standard. Roof rack. Decent paint, with good exterior wood the original radio is available. A better-thannew restoration, and close to perfection. Cond: 1-. SOLD AT $80,300. The buyer should be happy here. The 4.2 Series 1 is the most desirable E-type and this one, very well-sorted, went for well under expected money. You could not come close to restoring one to this standard for the money paid. Well bought. TOP 10 No. 3 #155-1965 ASTON MARTIN DB5 James Bond coupe. S/N DB52008R. 65

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RM Auctions Phoenix, AZ Column Author Silver Birch/blue leather. RHD. Odo: 17,921 miles. One of four James Bond DB5s built for “Goldfinger” and “Thunderball.” All kinds of Q-Division spy stuff: functioning revolving license plates and faux Browning machine guns, though the oil slick and nail spreader are disabled. In a museum for 35 years. The paint is worn and blistered, with plenty of chips and scratches. Driver's seat and carpets are tired. Ejector seat has been replaced. Asused condition throughout. Cond: 3. SOLD AT $2,090,000. One of two “press cars” used for promoting “Thunderball” in the U.S. A piece of motion picture and automotive history, and arguably the “Most Famous Car in the World.” Though it would be cool to drive around in a tux and pretend to be Sean Connery, the practical thing would be to return it to a museum for another 35 years. A fun toy, regardless, and well sold. BEST BUY #147-1967 JAGUAR XKE SI coupe. S/N 1E32989. Eng. # 7E90679. Red/black leather. Odo: 3,648 miles. Desirable 4.2 engine. Stated to be numbers-matching. Covered headlights. Door fit is off slightly. Restored to high standards, including a quality respray, though it now shows signs of use, most notably in some worn plating and minor interior wear. An attention-getting E-type. Cond: 2. SOLD AT $55,000. It would seem this handsome Cat sold for well under the money. It was the right 4.2 engine and the desirable Series 1 packaging. And with no real issues with the restoration, the buyer will drive the wheels off his new Jag, while the seller will be left to wonder why he didn't set a reserve. FRENCH TOP 10 No. 9 #143-1938 BUGATTI TYPE 57C Aravis DHC. S/N 57736. Blue/blue leather. RHD. One of four Type 57s bodied by Gangloff, and one of just two supercharged dropheads. Repainted in the 1960s, the paint shows a nice patina overall, with a few scratches and nicks, particularly at panel edges. Some pitting to the chrome, but nothing too distressed. Theolder leather could be original, and is supple 66 but non-original 300S engine that shows well. A stunning car inside and out. Five pounds of documentation from 1955 to present. Cond: 2+. Sports Car Market overall, with a few small door dings. Interior is very presentable, with minor signs of wear, and crazing on the steering wheel. Recently driven on two rallies. Cond: 2-. NOT SOLD AT $250,000. Not a high-point example, but considering recent sales of 300SLs, the bid here was off the mark. There had to have been at least another $25k in the crowd, so I don't fault the seller for taking the car home. #136-1964 VOLKSWAGEN TRANSPORTER split-window pickup. S/N 1289280. Turquoise & white/gray fabric. Odo: 43,786 miles. A bare-metal restoration to a very high standard. The interior was also redone to similar levels. Lowered and fitted with A stunning Ferrari, even if it is a recreation/ rebody, or whatever you wish to call it. Cond: 1-. SOLD AT $429,000. Last year in Arizona, RM sold an ungainly, hot-rodded 1952 166 MM recreation, built on a 330 2+2 chassis, for $115k (SCM# 37501). This example brought $300k more because it was a much better execution, done on a proper 212 chassis, with a truer sense of proportion overall. Absolutely striking, and still a fraction of the cost of the real thing. TOP 10 No. 4 #171-1955 MASERATI 300S racer. S/N 3057. Red/aluminum & black. RHD. One of 30 built. Restored over two years in the early 1990s to factory specs, using many original parts. Very good panels and excellent paint, with polish swirls only. Mark-free Borrani wheels. The spartan interior shows well, with clean aluminum and gauges, and a very nice wood wheel. Fitted with a correct, but heavily creased. Very nice wooden dash and wheel. Wilson preselector gearbox. Clean engine, but not show. Cond: 2-. SOLD AT $1,045,000. Truly a lovely car and very well preserved over the years. Ownership history back to new, including a long stint (1952 to 2000) with the Earl of Mourey, who lavished it with regular maintenance. It would be a shame to do anything but continue such maintenance, as this was a pretty piece of history, and any major overhaul would negate that. Fully worth the price. GERMAN #149-1957 MERCEDES-BENZ 300SL roadster. S/N 1980427500114. Red/black fabric/biscuit leather. Odo: 69,220 miles. First year for the roadster, which replaced the Gullwing. Heavier, but with an extra 20 hp. Color-changed from silver. Stated to have 3,000 miles on a rebuilt engine. Straight body aftermarket mags. The engine is dual-ported. Sold complete with surf boards and beach equipment. Cute as can be. Cond: 2. SOLD AT $15,400. This was an absolute bargain. The cost to restore it to this level would far exceed the sale price. The perfect parts hauler or business promo truck. These Transporters have started to pop up everywhere. The level of detail here could have warranted another $10k and no one would have complained. ITALIAN #179-1952 FERRARI 212 INTER Recreation Barchetta. S/N 0259E. Rosso Corsa/brown leather. Odo: 99,010 miles. An original chassis that left factory as a Pinin Farina coupe. Rebodied as a Barchetta in England about five years ago, when the whole package was meticulously restored. Engine is from an earlier car, but gearbox is original. Workmanship was all done to a high standard.

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RM Auctions Phoenix, AZ Column Author SOLD AT $1,925,000. The mid-1950s were the Trident's golden years, with 150S, 200S, 300S, and 450S sports cars winning all over Europe. Chassis #3057 was raced successfully from new by Belgian privateer Benoit Musy until his death in 1956. After discovery in Angola, where it had been fitted with an American V8, it was overhauled, and is now vintage-raced. Fantastic presentation, romantic history, and plenty of paperwork brought this car correct money, perhaps even a bit light. TOP 10 No. 6 #164-1967 FERRARI 212 E Montagna racer. S/N 0862. Red & aluminum/black. RHD. A one-off racer, built on a leftover Dino 206 chassis, and originally bodied as a closed 250 P5 for Pininfarina's '68 Geneva show car. Good gaps and panels, with very nice paint. The interior is all business, as is the Tipo 232 engine bay. Body, chassis and engine are all matching from the 1969 racing season. Cond: 2-. Pininfarina design with the long hood, covered headlights, and fastback roofline. Dual camshaft V12 engine. Fully independent suspension. History known since new. Less than 300 made. Numerous awards at National Ferrari Concours and Cavallino Classic. Very nicely presented, with nothing serious to note inside or out. Cond: 1-. SOLD AT $742,500. Once owned by “Our Man Flint,” James Coburn. A fully sorted GTB/4, a model on a steady climb in the market over the last 18 months. Performance, style, and pedigree all in one, an unbeatable combination at a big price. Still, a staggering price. SOLD AT $1,650,000. Powered by Ferrari's only 2-liter flat twelve, Peter Schelty piloted this car to victory in every race it entered in the 1969 European Mountain Championship, setting records in each. Racers are notoriously tough to value, one-offs perhaps even more so. Offering it up without reserve was wise, as RM allowed the car's fully-known and unique history, plus its overall originality, to speak for themselves. #134-1967 FERRARI 330 GTS convertible. S/N 10375. Fly Yellow/black leather. Odo: 6,116 miles. One of only 100 built between 1966 and 1968. Straight and solid body, with uniform seams and gaps. The paint and brightwork are very nice, though the interior shows minor wear. Missing sun visors. Aftermarket AMERICAN #163-1906 FORD MODEL K roadster. S/N 107. Gray/red leather. RHD. Odo: 9,519 miles. The prototype of only 50 roadsters built. Many agree only eight remain. An original example that is fully operational. Correct replica two-speed planetary gearbox. Battery ignition. Complete with every option available at the time. Very bad, faded paint. Tarnished brass, scuffed windshield. Faded, torn and dry leather. Engine compartment has all the shiny goodies. Well-maintained. Cond: 2. SOLD AT $66,000. The price paid exceeded the high estimate by six grand, but it was still in line with the market, considering this is a period piece. The final bid would have been a bunch more if there was any kind of notable history with the car. Even so, this was well bought. #200-1929 CORD L29 convertible sedan. CD/stereo. Borrani wires. Clean and tidy engine compartment. Strong presentation of a very desirable Ferrari. Cond: 1-. SOLD AT $357,500. Not everyone likes Fly Yellow but does every Ferrari have to be red? These have been appreciating of late and the price paid here was about $25k back of what the experts were predicting, so I'd have to say the buyer made out just fine. #170-1967 FERRARI 275 GTB/4 coupe. S/N 09903. Red/tan leather. Odo: 9,903 miles. 68 Dirty engine and compartment. Cool threetube horn. The Model K set a 24-hour distance record in 1907 of 1,135 miles. Cond: 4. SOLD AT $214,500. A historically significant Ford in original condition. Bidders did not agree with the pre-sale estimates of $300k to $400k, but this was still serious money for an early Ford. Let's hope this time warp either goes into a major museum or is seriously driven for many to enjoy. #119-1913 AMERICAN UNDERSLUNG Tourist touring. S/N N608. Eng. # N608. American Blue/black leather. RHD. Odo: 12,219 miles. Once a part of the Harrah Collection. One of six Tourist models known, the Underslung frame provides a lower Sports Car Market S/N FD2660. White & black/black fabric/ black leather. Less than 2,000 of these frontwheel-drive Cords were built in 1929. This is an older restoration that has held up well. A few minor paint issues, but very good chrome and glass. The interior is good but a bit tired. Clean engine, with no serious leaks or stains. A sleek and handsome Full Classic. Cond: 2. center of gravity. An older restoration that still shows well, with decent paint and good nickel brightwork. The engine shows use but no questionable leaks. Overall, it appears to have been well maintained. Cond: 2. SOLD AT $83,600. This is the perfect car for the next brass era tour in your area. Cars of this vintage are receiving renewed interest and righly so. The price paid was not out of line for a rare and interesting early driveable example. Lots of AACA activities for cars of this era. #106-1927 FORD MODEL T Burning Desire hot rod. S/N 136126668. Matte black/ black leather. Odo: 121,500. A period hi-boy built in 1954. 1940 Mercury flathead V8, Edelbrock headers, Lincoln Zephyr transmission. Matte paint is scuff-free. Interior is in excellent condition, and shows the right look.

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RM Auctions Phoenix, AZ Column Author SOLD AT $148,500. L29s tend to bring a bit more than Auburns of similar styling. Must be the front-wheel drive that makes the difference. Yet another fully-priced Classic. Where are the guys who said this was a dead market? TOP 10 No. 10 #135-1930 DUESENBERG J Dual Cowl phaeton. S/N 2336. Eng. # J487. Red & black/black fabric/black leather. Odo: 81,388 miles. The only long wheelbase— 153.5”—LeBaron Dual Cowl built. ACD certified with original coachwork, though the original engine was J320. Reproduction hood ornament. Body, paint, and interior are flawless. the bumper supports and hood latches. Fit is off on the grille trim. Unique Woodlite headlights and parking lights. Dual sidemount spares. ACD Club certification. Even with its needs, this is a striking Full Classic. Cond: 3. SOLD AT $192,500. Except for the grille trim, these flaws are easily fixed. Replicas were dragging real Boattails down for a while, but not here. It looked fast just standing there. The ultimate affordable Full Classic, it was fully priced for an eight-cylinder example. But imagine what it might have brought had it been perfect. Excellent brightwork. The engine is highly detailed. Magnificent example of America's finest automobile of the era. Cond: 1-. SOLD AT $1,001,000. Duesenberg prices range from $400k to a couple million, so what makes the difference? Attractive one-off coachwork and restoration quality are major factors. Engine swaps, however, are not such a big deal with Duesenbergs. Here, the ACD Club certification was a plus. All signs indicate this was a fair price. The new owner will come out just fine if he decides to sell in five years or so. #110-1930 CORD L29 5-passenger sedan. S/N 300A. Light metallic green/tan fabric/tan fabric. Odo: 33,615 miles. The L29 was introduced just in time for the Depression. Auburn styling with front wheel drive. This example was in Brooks Stevens' Musuem for many years. Recent re-spray and new chrome. Original interior, with a worn dash. Kick panels #173-1931 PACKARD 845 Deluxe Eight convertible victoria. S/N 189163. Eng. # 189011. Maroon & red/tan fabric/tan leather. An older restoration that has been well-maintained. Early Victoria body style with blind back seat. Woodlite headlights and fender lights. Dual rear spares. Accessory cigar lighter. The paint is presentable but past its ten years and get a 20% return? Beats watching your savings account statements stand still. #182-1932 PACKARD 904 Deluxe Eight sport phaeton. S/N 90479. Moss Agate Gray/ white fabric/Moss Gray leather. Odo: 15,241 miles. One of two surviving Deluxe Eights, it sold for $5,500 when new. Known as the Will Rogers car, but no actual documentation to prove this. Restoration took 12,000 hours. Shown at Pebble Beach in 1990, where it won its class and Most Elegant Open Car. Driven extensively of late, and showing minor signs of use, particularly to the driver's footwell and wheel. Extremely attractive body style. Cond: 2. NOT SOLD AT $850,000. A rare car indeed, as roll-up windows were available in 1932 and phaetons were losing favor. Dietrich styling puts this at the head of the class, and the older but still very strong restoration adds to the allure. Strong money for an eight-cylinder Packard, but worth another $50k at least. prime, though the interior is well-preserved. The engine is clean, with no streaks or puddles. A very desirable Full Classic by a quality coachbuilder. Cond: 2. SOLD AT $231,000. Those who state the time has passed for the early Classics should have been at this sale. This is another example of a desirable Classic selling for full retail. Far more attractive with the top down. Though presented nicely, it would still score in the low 90-point range in judging, as it was far from perfect. #142-1931 CADILLAC SERIES 452B and carpet are worn as well. Engine is decent but not detailed. Actual mileage, and close to an original car. Cond: 3+. SOLD AT $71,500. This nothing-special L29 sold for about the right money, so I wonder where the overly aggressive pre-sale estimates of $150k–$200k came from? Front-wheel drive is known to be troublesome, so let's hope all is well here. Another Full Classic that was fully priced. #151-1931 AUBURN 8-98 Boattail speed- ster. S/N 8985629E. Maroon & cream/tan leather. Odo: 87,125 miles. Restored some years ago, and the paint shows usage, with minor chips and other flaws. Incorrect paint on 70 sport phaeton. S/N 10159. Eng. # 702401. Two-tone gray/black fabric/gray leather. Odo: 293 miles. 452-ci V16 introduced in 1930. The longer hood created a stunning design. This is an older restoration and still very presentable. One of 18 V16 sport phaetons known. The paint shows minor wear, though the interior is like new. Excellent engine bay. CCCA Senior badge. A handsome Full Classic. Cond: 2. SOLD AT $363,000. Cadillac's V16 engine was and is an engineering marvel. This example sold for $310,500 at Christie's Hauppauge, NY sale in 1995 as part of the Philip Wichard Collection. Not a lot of appreciation since, but where else can you have fun with something for #184-1933 LINCOLN KB convertible coupe. S/N KB2371. Blue/tan fabric/brown leather. Odo: 47,732 miles. KB Lincolns were only available for two years, with the 1933 models featuring skirted front fenders. Restored in the late '80s and showing signs of age. Some luster is gone from the paint, and the driver's seat shows some wear. All else is very presentable. Numerous awards, including a 100-point winner and Senior car at CCCA, as well as Best in Class at Pebble Beach. Cond: 1-. SOLD AT $253,000. The KB is the most desirable of Lincolns, and this example was presented with an attractive body style. Lincolns have always lagged behind Packards and Cadillacs in value, but the gap is narrowing. This example was fully priced for an aging but elegant restoration. Sports Car Market

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Column Author TOP 10 No. 2 RM Auctions Phoenix, AZ #167-1934 PACKARD TWELVE Runabout Speedster. S/N 110612. Eng. # 902052. Light blue/blue fabric/ black leather. Odo: 67,950 miles. One of four LeBaron Speedsters, with history known since new. Formerly part of the Harrah Collection. The V12 engine features lighter eight-cylinder front seat leather shows evidence of repair, but the rear fabric is well done. The engine is welldetailed. CCCA Senior badge 1678. Cond: 2. SOLD AT $126,500. A striking Full Classic that has a few rough edges considering the recent restoration. These V12s are expensive to repair, but the trade-off is a powerful and smooth ride. This was well bought, as restoration costs could easily exceed the purchase price. A wonderful touring car to use and enjoy. TOP 10 No. 8 components, offering more performance than the normal V12. Restored by General Lyons in the early '90s. Flawless everywhere; an icon of American custom coachwork. Cond: 1. SOLD AT $3,190,000. The big boys were all over this. When the dust settled it was thought to have returned to the General Lyons collection. Arguably THE best American Classic. Expensive but worth every penny. #118-1935 PACKARD 1207 Club sedan. S/N 838221. Eng. # 903170. Brown/tan fabric. Odo: 60,528 miles. An unmolested example of a rare Packard that has never undergone a full restoration. The repaint shows wear and age, but the brightwork is presentable. The original interior is a bit tired. The engine compartment #146-1941 CHRYSLER THUNDERBOLT Retractable hard top convertible. S/N 7807976. Eng. # C271552. Red/sil- ver/tan leather. Odo: 81,313 miles. One of five Chrysler concept Thunderbolts produced, with four remaining. Each had subtle differences. This represents the first use of concealed headlight doors and a retractable top, as well as a woody. Cond: 2. SOLD AT $96,250. Woodies have been the car du jour for the past few years, and the end is not in sight. The price paid for this well-turned-out example was most reasonable, a wise investment indeed. Use and enjoy it with no regrets, and if current trends continue, this wagon should appreciate over the next few years. curved windshield. Fluid Drive transmission. Displayed at major concours, and a Full CCCA Classic. Restored to perfection. Cond: 1. SOLD AT $1,210,000. Should this be worth more than the two GM Motorama concepts that sold at BJ this year and last? On a relative basis those sales make this one look like a bargain. I think this could have gone for half a million more without surprise. Under the circumstances, I'd have to say this was well-bought. is clean and the big V12 is smooth and silent. Accessory bumper guards, radio, and Trippe front lights. Cond: 2. SOLD AT $104,500. Few Club Sedans survive, as they are worth more money without the top. The price paid was reasonable for this desirable and comfortable touring car. I say use it and enjoy without regrets, rather than restore it. Otherwise the true cost of ownership is going to skyrocket. #192-1939 PACKARD 1708 all weather town car. S/N B602426. Black & gray/tan leather & fabric. Odo: 56,158 miles. Last year for the Packard V12. Stated to have 50 miles on the restoration. Very nice Lalique hood ornament. The chrome and paint are well presented, though the window glass is delaminating. The Few examples of these nine-passenger wagons are still in existence. Quality example of desirable Chrysler woody. Cond: 1-. SOLD AT $280,000. The price paid was well above estimates, but this example was still worth the high bid. The only problem with these is the anemic six. Quality woodies continue to bring strong money and I doubt the trend will end anytime soon. 72 #183-1941 CHRYSLER TOWN & COUNTRY Woody wagon. S/N 7715503. Eng. # C28102338. Navy & wood/red leather. Odo: 53,547 miles. Owned from new by one family until 2005, with a recent restoration to very high standards. Minor sag in rear door. Paint and wood are excellent. Very nice interior trim is unique and difficult to duplicate. The engine is done to a comparable high standard. #126-1947 CADILLAC SERIES 62 convertible. S/N 8443986. Lotus Cream Yellow/ tan Haartz/red leather. Odo: 60,190 miles. A recent restoration to acceptable standards. Normal hood and window fit issues. Very nice #152-1947 FORD SUPER DELUXE Wood wagon. S/N 799A1834676. Maroon & wood/Panasote vinyl/brown vinyl. Odo: 87,427 miles. Recently resprayed, with minor chips and scratches. The brightwork is very presentable. A few issues with wood fit and finish. Very nice dash. Original Appleton spotlights, heater, and radio. Rear spare with hard cover. The flathead V8 is well-detailed. Impressive paint on a straight and solid body. Chrome and trim are up to snuff as well. Very nice leather interior, though the steering wheel is cracked. Engine is clean and tidy. Very presentable Full CCCA Classic. Cond: 2. SOLD AT $66,000. A number of these are still on the road, which keeps their values down a bit. But with the bar on the rise of late, this was strong but correct money for a '47 Caddy convertible. It should prove to be a great, reliable touring car for the new owner, powered by the same engine that motivated tanks in WWII. I think both buyer and seller did just fine here. #112-1948 DIAMOND T 1/2 TON pickup. S/N 30610016. Red/tan vinyl. Odo: 57,736 miles. A cosmetic restoration that is a decent five footer. The paint is just okay, and the pinstriping tape is loose. New wood in the bed. The engine runs well, but is not detailed. Nothing special here. Cond: 2. SOLD AT $46,200. Hope the new owner doesn't check the Internet, where he will find a handful of '48 Diamond T pickups selling for less than $20k. Sports Car Market

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RM Auctions Phoenix, AZ Overall, a well-maintained example of a time warp woody. Cond: 2. SOLD AT $126,000. This car was offered to me in the ‘80s for $50k, more money than I had at the time. It has only been driven a few thousand miles since then. The price paid here was in line with recent sales, but how do you place a value on the documented low mileage? I would say this was well bought. #206-1950 MERCURY CUSTOM It must have been the bright lights and shiny red paint that put him over the top. #160-1949 CHRYSLER TOWN & COUNTRY Woody convertible. S/N 7410201. Pepper Red & wood/tan Haartz/Highlander plaid. Odo: 18,416 miles. Low documented mileage. The front end is repainted well, but otherwise the paint is original. The leather interior was converted to Highlander plaid by subsequent owner. Displayed at Pebble Beach. Engine bay is clean, with no noticeable issues. Tradition coupe. S/N 50ME75219M. Candy Tangerine/Pearl White vinyl. Odo: 91,421 miles. Built by Rick Dore in the '90s with a period look, thus the name “Tradition.” Featured in numerous publications. Four inch chop. Frenched headlights, tailights and antenna. of the best in the business. It brought back a ton of high-school memories, but my '50 Merc was nowhere near as cool as this one. It was a bunch of money, but will be worth it when the new owner rolls up in it to his 50th reunion. #121-1953 BUICK SKYLARK convert- ible. S/N V767027. Red/white vinyl/red & white leather. Odo: 57,737 miles. Door and hood fit are off a bit, but that is rule rather than exception. The paint and chrome are very presentable, though the hood has been touched Custom grille. Three foot shifter with skull knob. Trunk and interior are done in tuck and roll. Numerous show awards for this exciting custom. Cond: 1-. SOLD AT $110,000. A recent creation of a true period piece by one up. The interior is very nice, with Frigiking air added. Continental kit. Plastic horn knob is crazed. Well-detailed engine bay. Cond: 2. SOLD AT $143,000. These are '50s icon cars that have been rapidly escalating in value, regularly selling for $20k more than what was realized here. Perhaps the tomato red paint threw some perspective bidders off. The buyer will not lose a penny on this one. May 2006 73

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RM Auctions Phoenix, AZ #138-1954 PACKARD PANTHER- Column Author DAYTONA Concept Car roadster. S/N N/A. Copper & cream/cream HT/copper leather. Odo: 6,553 miles. One of four Panther concept cars built, with this the only roadster. Designed by Dick Teague, and built with a fiberglas body. From the Bortz collection. The paint is TOP 10 No. 2 #175-1962 SHELBY COBRA racer. S/N CSX2026. Red/black leather. 260-ci V8, 4x2-bbl, 4-sp. The first Cobra to win in competition, driven by Dave McDonald at Riverside in January 1963. Went on to win the A-Production National Championship that year with Bob Johnson. Restored to high standards Not as desirable as earlier two-seaters or the later Sport Roadster, but still a very nice car. In today's market I can't question the price paid here. Both sides did well. cracked and faded, and the curved windshield is cracked. Worn interior. The engine compartment needs help. A long way from its prior glory. Sold on Bill of Sale. Cond: 3-. SOLD AT $363,000. It was hard to find anyone who thought this attractive. It sold for well below estimates, but considering the needs and unattractive styling, it was still too much. You'd have to be an absolute Packard fanatic to want this in your garage. #191-1958 DUESENBERG LEGRANDE convertible. S/N 2358. Black & white/white/ off-white leather. Odo: 10,288 miles. Titled as a 1930 Duesenberg, and fitted with a modified Model J engine. Independent front suspension, with four-wheel hydraulic brakes and power steering. Packard frame with Carribean wheels and fender moldings. Numerous paint issues, with blisters and cracks. Acceptable brightwork. The leather seats are cracked and #162-1960 PONTIAC BONNEVILLE convertible. S/N 86OP27801. Colorado Red/ white vinyl/three-tone leather. Odo: 92,466 miles. One-owner car. Recent frame-off restoration. Paint and brightwork are redone to a high standard. Door fit is off. Original top boot is torn, but the top appears new. Engine to its 1963 Daytona configuration, and using many parts that still retain the initials of Shelby fabricators. Original block and heads. Excellent all around. Cond: 1-. SOLD AT $1,815,000. Extensive history since new. This one brought adult money, but there is only one “first” and this was it in the Cobra world. Well sold. #125-1963 CHEVROLET IMPALA SS and transmission were rebuilt. Six-way power seats. A very nice example with only minor issues. Cond: 2. SOLD AT $57,200. In today's heated market this was not a lot of money for a well-presented '60s boat. Load the gang in and head for the Saturday night cruise-in or the local hot spot. I'd call this one a car to drive and enjoy, with a possible break-even when you are done. #109-1961 CHRYSLER 300G 2-door worn, and the carpets have seen better days. The engine is not detailed. Cond: 3. SOLD AT $132,500. The styling was not to most people's tastes, and the mods to the Duesy engine adversely affected the value. Though it failed to meet estimates, this oddity sold for a ton of money. The new owner needs to write more big checks to bring it up to snuff, but then what does he do with it? #211-1959 FORD THUNDERBIRD convertible. S/N H9YJ106885. Red/beige Stayfast/red leather. Odo: 464 miles. Second year for the Squarebird styling. High quality restoration with less than 500 miles since its completion. Ford-O-Matic transmission. Power drivers seat, pb, ps, and pw. Optional engine dress up kit. All the goodies. Excellent gaps and fit. Well presented. Cond: 1-. SOLD AT $50,600. A few years ago this would have been a $30k car, but times are changing and any well-presented example has appreciated. 74 hard top. S/N 8413136362. Alaskan White/tan leather. Odo: 99,531 miles. Stated to be numbers-matching. Mechanical rebuild in 2004. Cosmetic restoration done at the same time. Swivel front seats. Push-button transmission. no leaks or other concerns. Excellent example of an early '60s muscle car. Cond: 2. SOLD AT $53,900. Not the best color combination Chevrolet offered. Sold at RM Arizona 2004 for $58,500. The seller states he spent more money on the car after that. Just goes to show that even in a bull market you can get gored, this time to the tune of five grand, plus whatever “more money” he put into it. #107-1964 PONTIAC GTO 2-door hard Air-conditioning and power everything. Good panel fit, with good but not great paint. No real issues here. Cond: 2. SOLD AT $46,200. Letter cars continue to bring strong money, and well they should, as they have been undervalued for some time. The price paid here was about right, although the seller may have been looking for a bit more. Such is the risk of a noreserve auction. top. S/N 824F23478. Red/black vinyl. Odo: 27,284 miles. 389-ci V8, 3x2-bbl, 4-sp. The first true muscle car. It circumvented GM's performance ban, but with its sales success the suits looked the other way. Desirable Muncie tranny with Hurst shifter. Presentable paint and body panels. So-so interior with a worn dash. The engine bay is just okay, with no real detailing. The 348-hp GTO went 0-60 mph in 6.6. sec and turned the quarter mile in 14.8 sec. Cond: 3+. SOLD AT $33,000. Pre-sale estimates were a bit optimistic, but the price paid was Sports Car Market 409 convertible. S/N 31867J179657. Eng. # 3788068GM4. Brown/tan/tan vinyl. Odo: 70,897 miles. 409-ci V8, 2x4-bbl, 4-sp. Equipped with all the goodies. Power everything. Top is stained and dirty. Paint shows minor issues, but overall is very good. Interior is in excellent condition. Clean engine, with

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Glovebox Notes 2006 AUDI A3 2.0T SPORT WAGON Column Author A brief look at cars of interest that have passed through the SCM stable. HHHHH is best Corvette fuel injection until it was reintroduced in '85. Cond: 3. SOLD AT $74,800. Seems like all the money for a FI 'Vette with a non-original engine. The hard top is a $2,000 plus, however. The car has numerous needs, and even with these corrected it will still never gain the favor of Corvette judges. For a bit more, the buyer could have gotten the real deal and he wouldn't have to offer explanations. Price as tested: $29,720 Likes: Simple and effective exterior design, trademark Audi interior lighting, slick manual gearbox; torquey turbocharged engine makes for quick acceleration. Gripes: Low level of standard equipment means price can accelerate just as rapidly as car. Fun to drive: HHHH Fun to look at: HHHH Overall experience: HHHH Verdict: The compact A3 sport wagon is no less fun to drive than the Audi TT coupe, but its five-door design makes it much more practical. Don't be fooled by the $25k base price though, as everything from leather to power seats to fog lamps costs extra here—and the all-wheel drive V6 version starts at $34k. Once you get an A3 properly equipped with the sport package and get past the sticker shock, however, its compact dimensions make it the ultimate upscale city car.—Jeff Sabatiniu 2006 BMW 325i market correct. Yes, it had Tri-Power and the right tranny, but in the end it was a hard top with needs. Bought well in the ever-expanding muscle market. #153-1964 PONTIAC BONNEVILLE convertible. S/N 884S3961. White/tan leather. Odo: 40,202 miles. The Silver Dollar Pontiac. Built for Hank Williams Jr. by famed western tailor Nudie Cohn. The interior is replaced with hand tooled leather, with 350 silver dollars throughout. Chromed pistols serve as door handles, shifter, and turn signal stalk. Six foot #161-1968 CHEVROLET CORVETTE racer. S/N TP100268. Red & white/black vinyl. The second of three Corvette team cars that ran the SCCA National circuit as well as FIA distance races. Raced in Owens Corning Fiberglas livery with an L88 engine. The car was found in 1990 and restored in 2000 to the original specifications. Stated to be the most wide steer horns in front. Chrome horse heads for knobs. Shows minimal wear overall and has been well preserved. Cond: 2. SOLD AT $214,500. One of 18 “custom” cars created by Nudie. Perfect car for the era, but it is hard to imagine Garth Brooks riding around in a modern version of this. Came from the Smokey Mountain Museum and really should go back to a museum, or to Jay Kaufman's collection of western oddities. #140-1965 CHEVROLET CORVETTE Price as tested: $39,165 Likes: BMW signature is unmistakable; the harder you drive it, the better it works. Lovely six-speed transmission, great brakes, effective dynamic stability system kicks in at the limit. Surprisingly good gas mileage (23 in the city). Gripes: Modified Bangle styling merely dull. $40,000 should buy heated seats. Sticky tires wander distractingly. Front spoiler low enough to hit all curbs. Climate control system seems to lag behind. Instant gas mileage gauge isn't funny anymore. Fun to drive: HHHH Fun to look at: H Overall ownership experience: HHH Verdict: In the subdued color this is a stealth weapon, as unremarkable yet effective as a professional killer. But it's not handsome enough to fall in love with, especially when in a garish, root-beer-like Barrique Red Metallic. Curious onlookers stunned by price.—Paul Ducheneu 76 FI convertible. S/N 194675S121964. Eng. # 3782870. Nassau Blue/black vinyl/black vinyl. Odo: 32,701 miles. 327/375, FI, 4-sp. Hard top included. Non-original, correct date-coded engine. Stated to have the original fuel injection and headers. Door fit is a bit off, and the body shows minor paint flaws. Driver's kick pad is loose. No radio. The engine compartment is clean and tidy. This was the last year for victorious Corvette in history. Little to fault here. Cond: 1-. SOLD AT $605,000. This car's history is known since new, when it was raced with SunRay DX sponsorship. The price paid seemed a bit on the light side, considering what other historically significant Corvettes bring. We'll chalk this one up for the buyer. BEST BUY #141-1970 PLYMOUTH 'CUDA Hemi 2-door hard top. S/N BS23R0B236224. Rallye Red/black vinyl. Odo: 43,820 miles. 426-ci V8, 2x4-bbl, 4-sp. Numbers-matching, and confirmed by Galen Govier. So many options that it is a “two-plate” car. Elastomeric bumpers group. A cosmetic restoration that included a high quality re-spray. Front seats have been replaced with correct replacements. Lots of eye candy here. Cond: 1. SOLD AT $330,000. In the world of Hemi pricing, how high is up? This could be top dollar today and a bargain tomorrow. Compared to other 1970 Hemi 'Cudas that sold this Arizona weekend, this was a deal. The new owner should be pleased he bought a well-documented, striking example with no questions or issues. u Sports Car Market

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Column Author Gooding & Company Palm Beach, FL The Palm Beach Auction With Charlie Ross wielding the gavel and Gooding himself encouraging the crowd, the event made for an enjoyable way to pass the evening Company Gooding & Company Date January 22, 2006 Location West Palm Beach, FL Auctioneer Charlie Ross Automotive lots sold / offered 28/52 Sales rate 54% Sales total $7,106,100 High sale 1938 Talbot-Lago T150C SS, sold at $3,905,000 Buyer's premium 10% (included in sold prices) 1938 Talbot-Lago T150C SS set a record at $3,905,000, including premium Report and photos by Dave Olimpi Market opinions in italics. Palm Beach, FL this high-end auction house. The sale followed the 2nd Annual Palm Beach International Concours, and served as the final function in a week that centered on the 15th Annual Cavallino Classic, held nearby at The Breakers Palm Beach Resort. David Gooding took a risk to hold his high-profile sale T on one side of the country while the bulk of the collector hobby had congregated at the Scottsdale extravaganza on the other, but by most estimates it paid off. Despite a sell-through rate that proved to be a bit flat at just 54%, the sales total came in at $7.1m, a hefty pull from just 28 lots. While not the mega numbers the cactus-and-desert gang produced, the Gooding camp was encouraged by the results, and plans are now in the works for next year's event. The sale's centerpiece, a 1938 Talbot-Lago T150C SS with Le Mans competition history, accounted for more than half that total, changing hands for just over $3.9m. The sale marked the third time in the last five months that one of these attractive “teardrops” has crossed the block. Presented in a better overall condition than the two seen in Monterey (S/N 90105 sold for $3,535,000 78 his marked the first time Gooding & Company has held an auction outside of Pebble Beach, and the setting—the Palm Beach Polo Club—fell in line with what bidders have come to expect from at Christie's; S/N 90034 sold for $3,685,000 at RM), the handsome coupe's price set a world record. Another notable record came in the form of a 1962 Chevrolet Corvette racer, complete with its own Le Mans history. When the gavel fell, it changed hands for $489,500. And though it never achieved a podium finish during its 1980 tenure, an ex-Gilles Villeneuve Ferrari 312 T5 Formula One racer realized $660,000, a big result largely attributable to the man rather than the machine. Of the lots that failed to sell, none was more conspicu- ous than a Murphy-bodied 1935 Duesenberg SJ convertible coupe. Though there was plenty of interest both in the room and on the telephone, the bidding fizzled at $820,000. In similar fashion to the firm's Pebble Beach auc- tions, many of the participants and spectators attending the Concours proceeded directly from the grounds into the auction tent to pick up their bidders paddles. And with auctioneer Charlie Ross wielding the gavel while Gooding himself encouraged the crowd, the event made for an enjoyable way to pass the evening. Like Jaguars of yore, Gooding sales have a pace and grace all their own. The stage remains empty save for the lot on offer, and there are no frantic spotters in the audience to cajole the bidders with shrieks and whoops. One might even say it's civilized. u Sports Car Market

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Gooding & Company Palm Beach, FL ENGLISH #31-1951 ROLLS-ROYCE SILVER WRAITH LWB drophead coupe. S/N LWHD78. Two-tone gray/red leather. Odo: 88,623 miles. One of 639 long wheelbase Wraiths built between 1946 and 1959, and one of only two LHD dropheads. Nice paint, with gently-worn leather and so-so wood. Lots of body flex when closing the doors. Cond: 2-. SOLD AT $137,500. The selling price was well below the catalog estimate. With no real track record to accurately peg the value of this car, the seller likely made a last-second decision to sell “at the market.” It was a correct decision, and represents a good transaction for both the buyer and the seller. #44-1954 JAGUAR XK 120 fixed head coupe. S/N 681463. Eng. # F28758. Green/ green leather. Odo: 54,709 miles. Though the silver-green colors are subtle and very attractive, the paint itself is very mottled and shows poorly. Nice, authentic-looking presentation otherwise, with fresh leather and excellent wooden dash. Good wool carpeting, and a well-detailed engine compartment. Cond: 2-. NOT SOLD AT $42,000. This was hammered sold at $46,000 on the block, and then the buyer vaporized. It was re-run later in the auction, bid to $42,000, but not sold. With the right paint, this would be a killer car, and easily worth something in the $60k to $80k estimate. Too bad. #8-1960 AUSTIN-HEALEY 3000 Mk I roadster. S/N HBN7L9217. Eng. # 29DRUH14061. Healey Blue/blue/blue. Odo: 5,114 miles. A recent high-level restoration is evident, including an engine and gearbox rebuild. The Healey Blue paint seems extra metal-flakey. Clean as the proverbial whistle, with terrific door gaps and generally good attention to detail. Some misalignment to the pan between the front bumper and body, as well as the hood. The red radiator fan shroud is brush-painted. Cond: 2+. SOLD AT $46,200. This was a nice BN7, clean and apparently well-taken care of. You certainly wouldn't feel ashamed to be seen in it. Bought for just within the estimate, which aligns well with the market for these early Big Healeys. #18-1960 JAGUAR XK 150S drophead coupe. S/N T838705DN. Eng. # VAS10899. Black/tan/red leather. Odo: 399 miles. One of only 89 XK150 “S” Dropheads produced. Frame-off restored in Belgium in 2003. Superstraight sides, but the trunk fit is a little off. Paint and chrome are flawless. Creases on red leather seat bottoms, a few wrong wire ends in the engine bay. Very clean undercarriage. Original tool roll, flamethrower headlights, overdrive transmission, correct orange cylinder head. Cond: 1-. SOLD AT $159,500. Great colors + rarity + superb condition = top price. May 2006 79

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Column Author Gooding & Company Palm Beach, FL price is spot-on for a late BJ8 in good shape. The high bidder was a dealer who seemed pleased with his purchase. Good sale for both buyer and seller. #46-1969 JAGUAR XKE SII convert- ible. S/N 1R8030. Willow Green/black/black leather. Odo: 35,581 miles. Reasonable paint. Dry, hard, black leather seats. Redline tires. This Jag looks like a clean daily driver that The care was evident here, and the car looked very real, not artificial as they sometimes do. I hope the new owner likes it as much as I did. #33-1960 AC ACE Bristol roadster. S/N BEX1072. Eng. # 992D2. White/brown leather. Odo: 48,853 miles. One of 466 Bristols produced, and one of 241 in LHD. Same owner for the past 40 years. Presented in Olde English White, with fisheyes and dirt spots in the paint. there was no radio block-out plate. The engine compartment is a little too shiny, though it looks very good. Terrific undercarriage. Very nice car in attractive colors. Cond: 1-. SOLD AT $110,000. I had to go back to January 2003 in my SCM Gold database to find a Series I 4.2 roadster that had brought over $100k at auction (#30134). This was big money indeed, but the level of detail throughout put this one over the top. A not unreasonable proposition. #48-1967 TRIDENT CLIPPER Prototype coupe. S/N H3271676GT. Red/black. Odo: 6,800. Powered by a Ford 289 mated to a Borg-Warner T-10 4-sp. Very nice overall condition, and original in appearance. The mileage could well be accurate. Originally developed by TVR, with plans for a threecar-per-week production. Shown at Pebble Poor door gaps. Tidy interior. Michelin “X” tires. Cond: 2-. NOT SOLD AT $120,000. It went unsold on the block at $105k, and clearly the owner was content to hang on. However, some diligence by the Gooding folks to get it done resulted in a sale shortly thereafter, bringing the price up close to the low estimate. #36-1961 ROLLS-ROYCE SILVER CLOUD II Sedan 4 door. S/N LSXC271. Black/tan leather. Odo: 96,662 miles. Factory a/c. So-so paint, and a pitted windshield. The “painted” leather is re-cracked, though the interior wood is very nice. Both rear ashtrays Beach and Meadow Brook. Cond: 2+. NOT SOLD AT $54,000. This odd duck was an addendum to the catalog, and I found only one paragraph written about it in Nick Georgano's Motorcars. As such, too many people in the tent, including yours truly, had no idea what this car was. Hard to shell out the desired $70k for a big question mark. Better luck next time. #52-1967 AUSTIN-HEALEY 3000 Mk III are missing—a trend? Signs of slight bottoming out on the undercarriage. A used car. Cond: 3. SOLD AT $50,000. This result really surprised me. Based on the car's rather lackluster condition, this sale may raise the bar on Cloud IIs of all conditions. #11-1967 JAGUAR XKE SI convertible. S/N 1E13338. Eng. # 7E98189. Opalescent Blue/blue/blue leather. Odo: 52,934 miles. A high-level restoration on what was an outstanding original car. The trunk lid fit is off slightly. Excellent paint and chrome. Some seat stitching is exposed rather than tight, and 80 Sports Car Market roadster. S/N HBJ8L38028. Healey Blue/blue/ blue. Odo: 64,757 miles. A good-looking car from ten feet away. Engine and trunk lid gaps are way off. Good paint, though the upholstery is not correct for this car. So-so detailing in the engine compartment, but the lump sounds very healthy. Cond: 2-. SOLD AT $46,200. Another late entry as an addendum to the catalog. This could have been driven directly into the auction tent. Cond: 3. NOT SOLD AT $34,000. The seller was hoping for at least another six grand, but this was a case of casual preparation bringing less than desirable results. It was wise to hold onto it, but some detailing should see it sell next time. #37-1974 JAGUAR XKE SIII convert- ible. S/N UD1S25708BW. Eng. # 4S8554. Green/black Everflex/beige leather. Odo: 49,401 miles. Automatic transmission, AMCO luggage rack, a/c. Multiple JCNA regional concours winner, and owned by a JCNA judge. Mid-1990s restoration with all receipts, plus a later refurbishment. Tools and manuals included. Comes with a tan canvas top, plus the original black Everflex top. Not overdone, but rather factory-correct in “just right” condition. Cond: 2. SOLD AT $55,000. Worth the money for a Jag that's on the button. Both buyer and seller should have left the tent smiling. #39-1980 TRIUMPH SPITFIRE 1500 convertible. S/N TFVDW6AT009157. White/ black vinyl/black vinyl. Odo: 37 miles. A true, 37-original-miles car. Luggage rack, single Stromberg carburetor. Good factory paint. No boot for the convertible top in evidence. Cracks

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Gooding & Company Palm Beach, FL on the veneer of the wood dash, and missing the ashtray (Was there an ashtray-clepto at this auction?) Otherwise, all is fresh. Cond: 2+. SOLD AT $19,800. Nine months and three miles ago, this same car sold for $17,820 at B-J Palm Beach (SCM #37766). Do I detect an uptick in Spitfire values? Don't drive it, or be prepared to reseal everything. FRENCH TOP 10 No.1 BEST BUY #29-1938 TALBOT-LAGO T150C SS coupe. S/N 90117. Aubergine/brown leather. RHD. Odo: 508 km. Raced at Le Mans in 1939. The only “Teardrop” coupe built specifically for competition. With the present owner since 1996, and restored for him in 2002, after surviving in original condition. Very nice eggplant paint. Slight surface wear on the pigskin upholstery. Well-presented engine compartment. Wilson Pre-selector gearbox, sunroof, opening rear windshield, fitted luggage. A styling icon. Cond: 1-. SOLD AT $3,905,000. The buyer, an internationally-known collector, was present to anniversary of the Benz. Still fresh throughout, with nice wood and brass. Great presentation of the gear-driven mechanicals. Cond: 1. like an ancestor of the new Porsche Cayman. Let's just say mint condition, and leave it at that. Cond: 1. NOT SOLD AT $680,000. There was no catalog pre-sale estimate for this lot, and no rumors circulating regarding exactly how much the seller was looking for. Obviously, 2/3 of a million dollars didn't moti- stake his claim. The winning bid was a world's record price for a Talbot-Lago T150C, topping two others that sold in August 2005 at Pebble Beach (SCM #39199 and #38879). Though its price was not much more than the others, this car was in far better condition, so we'll call it well-bought by the standards of this rarified class of car. GERMAN #2-1886 BENZ Replica horseless car- riage. Green & brass/black leather. The 1886 Benz is often referred to as the world's first car. This replica is one of a small number built between 1986 and 1997 to celebrate the 100th SOLD AT $55,000. A difficult car to value, but surely the crafstmanship and attention to detail are worth the price. It's driveable, but where? Perhaps the London–Brighton folks might be sympathetic. Otherwise, it's a neat piece of garage art. #17-1952 PORSCHE GLOCKLER Special roadster. S/N 10447. Silver/black. The third Glockler-Porsche Special built. Ex-Max Hoffman / John Von Neumann. Weighs 1,133 lbs, and puts out 86 hp on alcohol. The recent high-quality restoration by Tempero is hard to pick on. BMW 328 disc wheels. With the recreated hard top in place, it looks remarkably 1964 Alfa Romeo Guilia SS 1934 Packard 12 Custom Dietrich 1939 Lincoln K LeBaron 1936 Cord 810 1956 Talbot-Lago T14 1956 Mercedes Benz 300SC 1963 Jaguar XKE 1947 Cadillac 1938 Packard Super 8 1971 Mercedes 280SE 3.5 1927 Essex Speedabout 1939 Bugatti Type 57C May 2006 81

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Gooding & Company Palm Beach, FL Column Author vate him. There is a great story to this car, and the craftsmanship—both originally and in the restoration—are only part ot it. #24-1956 MERCEDES-BENZ 300Sc coupe. S/N A188014A6S00034. Blue/tan. Odo: 44,731 miles. 1 of 98 300Sc coupes produced. Very good DB350 Medium Blue paint. It left the factory painted DB353 Light Blue Metallic. Good chrome to body fit. The interior has that “new leather smell.” Fabulous birdseye interior wood trim. Trunk lock cylinder is Looks as if it has spent years parked outside at a weekend beach house. Fresh mediocre repaint, with poor gaps and panel fit. Chrome instrument bezels are pitted. Pioneer in-dash CD, with large speakers on the rear shelf. Rotting carpets, cracked leather, and cracked steering wheel. Rusty undercarriage. Cond: 4+. SOLD AT $28,000. Same buyer as lot #50. I'll assume he knew what he was doing, as he had an eye for the scruffy German types. This was a surprising result for a 190SL in this shape. #30-1966 VOLKSWAGEN MICROBUS 21-window van. S/N 246157164. Eng. # H5211368. White & blue/white/white. Odo: 45,744 miles. The classic 21-window Vee-Dub bus, with folding full-length sunroof. It gave the appearance of a 6-month old vehicle. Some Cond: 2. SOLD AT $66,000. “It's a long fly to deep center field, that ball is... outta here!” This seemed like an emotional buy between two bidders who each really had to win. Very well sold. absent, with no tools or luggage in the trunk. Well-detailed engine compartment with all the right decals. Cond: 1-. SOLD AT $231,000. This was a tall price for a 300Sc. One of the world's most respected Mercedes restorers looked at the car with me and voiced his approval. As these coupes usually cost more to restore than a Gullwing, the new owner can sleep well knowing that he's way ahead. #50-1957 PORSCHE 356A coupe. S/N 100157. Eng. # 69556. Glacier White/red. Odo: 38,580 miles. The repaint to original color shows plenty of overspray. Poor body gaps, with “orange” superficial rust oozing from #43-1970 MERCEDES-BENZ 280SE cabriolet. S/N 11102512004379. Blue/tan/ blue leather. Odo: 88,030 miles. The sides are extremely wavy due to poor blocking and sanding. The new leather seats are well-fitted, and the interior wood is excellent. A less than paint “picky” around the edges and seams, and the inside was missing an ashtray. A conscious choice, perhaps? Otherwise, this bus was difficult to fault. Cond: 1-. SOLD AT $44,000. This is a selling price in the upper brackets for a VW bus, although it might soon be accepted as “book value” for others in similar condition. For now, let's say well-sold. #49-1967 PORSCHE 911 coupe. S/N 304579. White/black. Odo: 68,739 miles. A late entry to the auction, with unknown specifications, including the engine. Roll cage, fiberglass average “daily driver” engine compartment. The paint/sheetmetal inconsistencies lowered the car's overall impression. Cond: 2-. SOLD AT $72,600. The bid seemed a little much here, but that might be splitting hairs. Shame about the paint, although it didn't seem to matter in this case. Well sold. #3-1979 PORSCHE 911SC 935 replica around the bolts. Complete, brand new interior, but without a radio or block-out. The engine compartment is grungy, and the engine number indicates model year 1958. Cond: 3. SOLD AT $30,800. Here's proof of the stength of 356A coupes right now, when an example with this many flaws sells for this money. Hopefully it drives better than it looks. Well sold. #51-1963 MERCEDES-BENZ 190SL convertible. S/N A1219421000867. Black/red. Odo: 98,284 miles. A last-minute consignment. coupe. S/N 9119201253. White, blue & red/tan. Odo: 67,919 miles. One of three 935 replicas built by former IMSA entrants John Paul Sr. and Jr. From across the room it could be mistaken for the real thing. The body is handmade Kevlar and aluminum reinforced hood and ducktail. Scruffy overall condition, like it just came off the track. Cond: 3-. NOT SOLD AT $28,000. The hour was late, and the crowd had thinned. More than that, however, this car didn't look safe to drive. #40-1969 MERCEDES-BENZ 280SL convertible. S/N 11304410008798. White/ white HT/red leather. Odo: 14,623 miles. 4-sp. U.S. version, with the government-mandated side marker lights removed when the car was repainted. Poor driver's door fit, but the paint, DB717 Papyrus White, looks very good. The new red leather seat kits are nice, but too softly padded. Condensation behind the speedo glass, and the wrong transmission tunnel console. No ashtray or cigarette lighter. Tool kit but no manuals. Still titled in original owner's name. 82 fiberglass, with only some surface imperfections. Great pearlescent paint with well-applied Martini racing graphics. The stock SC interior shows much use, with the leather seats worn. Sunroof and BBS wheels. Stock engine. Cond: 2-. NOT SOLD AT $35,000. All visual bark and no real bite with this one. The low estimate put it at $50k. I can't even imagine what it cost to build, but the seller was wise to hang on. It Sports Car Market

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Gooding & Company Palm Beach, FL Column Author would have been a pretty good deal at the low estimate, but then you're faced with a conundrum. With that 172-hp six, you can't race it. And with the Moby Dick tail and racing livery, would you really want to drive it on the street? ITALIAN #22-1952 LANCIA AURELIA B52 coupe. S/N B521055. Turquoise & white/white & gray. Odo: 13,335 miles. One of just 98 B52s produced. Exhibited on the Ghia stand at the 1953 Turin Auto Show. Displayed at Pebble Beach in 2005. Radically different from other Aurelias, with plenty of trim and hardware found on no other Lancias of the period. Excellent inside and out. Cond: 2+. NOT SOLD AT $85,000. This reporter happens to think that Aurelias are to die for, though this one had a face only a mother could love. As such, it was an acquired taste, more so than other Lancias. The high bid probably would not have covered the tab to get this car to this condition. #38-1953 FERRARI 342 AMERICA Coupe Speciale. S/N 0246AL. Black/tan leather. Odo: 43,329 miles. Early FerrariPininfarina collaboration, the 1953 Geneva Show car, and one of six 342 Americas produced. Above average paint, with some marks. Very nice leather. A great look overall, but could show better with some conscientious overall detailing, particularly to the engine compartment. The Lampredi V12 sounded car accurately defined “sympathetically restored.”. Cond: 3+. SOLD AT $57,200. Even though the final bid was well below the catalog estimate of $65k, this was a strong price for a Mistral coupe, particularly one so, shall we say, “customized.” With five-speed gearbox and twin-ignition, fuel-injected, highly complex DOHC six, Mistrals offer so much more panache than any other coupe in this price range. Well sold. #13-1967 FERRARI 330 GTC coupe. S/N 330GTC9857. Red/black leather. Odo: 37,199 miles. An average car, at best. The paint job has tape lines in the door jambs and under the hood, along with crazing and overspray. Some very off alignments between the chrome trim and body. Two different types of windshield wiper arms, and a rubber plug to cover an antenna S/N AM109A1842. Aubergine/tan. Webasto sunroof, a/c, dual J.C. Whitney-type fender mirrors, Pioneer radio. The non-Maserati eggplant paint is in good condition, and the beige leather interior looks fresh, perhaps replaced a couple of years ago. The under-dash a/c is exactly the way they came 40 years ago. This NOT SOLD AT $40,000. The consignor was a local collector looking for a price beginning with a “5,” saying he'd be happy to put the car back in his garage. Nice examples of this model generally sell in the mid to high thirties. The Cavallino silverware probably adds another 10 per cent, but that won't last long. #23-1980 FERRARI 312 T5 Formula One single seater. S/N MAT045. Red/black & aluminum. Ex-Gilles Villeneuve. Engine, suspension and transmission bits look largely as-raced and slightly tired. Some worn bodywork edges and scuffed paint. Avon slicks. Scored points in three F1 races in 1980, but no podium finishes. Cond: 2-. SOLD AT $660,000. 515 horsepower seems quaint by today's standards, but it was rip-roaring back then, and the way Villeneuve dealt with it was never short of thrilling. His aura added much value here, for sure. This was a record price for a T4/T5 Ferrari F1 car, but certainly not out of line. #41-2002 FERRARI 360 GT Grand Am strong, with minimal smoke. Cond: 2-. NOT SOLD AT $560,000. These early Ferrari coupes are just starting to gain recognition, hidden for some time by escalating California Spyder and Lusso prices, among others. The big money in these will be spent on the cars with competition history. The auctioneer stated the buyer was “just a whisker away.” It failed to sell at Bonhams Gstaad 2003 at $350k, so I'm surprised the seller didn't let it go at this price. Perhaps he's just waiting for the market to catch up. #6-1966 MASERATI MISTRAL coupe. 84 hole. Incorrect driver's mirror. Too much grain in the seats and door panels, and the wood dash finish seems too glossy. Incorrect hood release. Jack bag in the trunk, but no manuals or tools. Well-documented ownership history. Cond: 3-. SOLD AT $143,000. I spoke with a previous owner who was complimentary about the way it drove. As for the inconsistent cosmetic issues, the selling price should allow the buyer to invest some money to bring the car's condition up a notch. #20-1978 FERRARI 308 GTB coupe. S/N 25021. Silver/blue leather. Odo: 13,125 miles. Original and unrestored. Cavallino Classic Platinum and Coppa Bella winner in 2005— you don't go any higher than that with a 308 in a major Ferrari Club of America concours. Original paint is crazed on all surfaces. The interior shows a nice patina. The engine compartment is well-detailed and correct. Cond: 2. 10 hours track time since. As competition cars go, this car's condition is concours. Cond: 1. NOT SOLD AT $400,000. No pre-auction estimate given. Auctioneer Charlie Ross called it “just short of reserve,” so it didn't miss by much. There are lots of ex-Challenge cars out there, but none with this history. And certainly not this well turned-out. Sports Car Market coupe. S/N 2008. Red/black. Carbon fiber bodywork, electro-hydraulic paddle-shift 6speed gearbox, 6-piston carbon ceramic disc brakes. Winner of the 2002 Grand Am GT Championship, with eight victories. Originally prepared, and then rebuilt after the 2003 season, by Ferrari of Washington, with fewer than

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Column Author Gooding & Company Palm Beach, FL AMERICAN #19-1912 SIMPLEX 38 HP Double roadster. S/N AZ1150. Red/tan/black leather. The infant American automobile industry's Mercedes. At 7,800 cc, that's 1.95 liters per cylinder, folks. Striking lines and lots of brass to keep you busy on weekends. The paint is very good, and the rakish temporary canvas and isinglass windshield looks the part. Slight engine, Stutzes still don't get the marketplace respect they deserve. This one just didn't grab anybody. Good colors, but they certainly lacked pop. A thorough sprucing up might have helped it change hands. patina to the leather. The entire package is in excellent overall condition. Cond: 2. NOT SOLD AT $250,000. Pre-sale it was slated to go between $290k and $350k. Although not the more desirable or expensive 50-hp model, this car, in this condtion, could have brought more on any given day. If it had sold anywhere within the pre-auction estimate, it would have been well bought. #34-1925 DUESENBERG MODEL A Phaeton. S/N 1049. Eng. # 1441. Green/ beige/beige leather. Aluminum body, 4-wheel hydraulic brakes. About 600 Model As were built in five years. The paint here is getting thin in places, and the windshield is delaminating. Some rust to the left front wire wheel. #32-1933 NASH AMBASSADOR 8 Convertible Sedan. S/N 1350SP. Gray, tan & brown/beige/brown leather. Odo: 651 miles. One of three convertible sedans built in 1933, and the only one in existence today. AACA National Senior and Grand National award winner, won President's Cup at Pebble Beach, overall. Cond: 2-. NOT SOLD AT $90,000. You could not restore this car for the pre-sale estimate, much less this bid. This same car sold last year in Scottsdale for $108k with 13 fewer miles (SCM #36972). Perhaps the bland colors slowed it down? The seller was correct to hold onto it here. #21-1935 DUESENBERG SJ convertible. S/N 2406. Eng. # J527. Garnet Red/black/black. Odo: 33,510 miles. Refreshed, repainted, and maintained, but never completely restored, from what I can see. However, it gives an overall impression of being a very fresh car. The driver's door drops a little when opened. Golf club compartment, cool radio attached to the steering column, side pipes. A very clean car overall. Cond: 2-. NOT SOLD AT $820,000. This was a lovely disappearing-top convertible coupe, and it didn't miss by much. The bid seemed very close to making it go away. plus a first prize at Pebble Beach in 1994. This is a well-maintained restoration inside and out, in fabulous colors. Great presence. Cond: 1-. NOT SOLD AT $190,000. The catalog estimate was $240k to $325k, quite a range, and indicative of this car's rarity. At the risk of sounding like a broken record, you couldn't restore one for the high bid. I liked this car about as much as any other lot in the auction. #10-1934 PIERCE-ARROW 840-A Silver The dashboard paint shows blisters, but the leather seats are in nice condition. Consistent overall patina. Cond: 3+. NOT SOLD AT $150,000. There was no pre-auction estimate, and I never heard a reference to the reserve. Its Full Classic status in the Classic Car Club of America should have helped the bidding, but the right buyer wasn't here. #5-1932 STUTZ DV-32 cabriolet. S/N DV1479. Maroon & black/black/black. Odo: 13,075 miles. A rumbleseat cabriolet purportedly built under contract for Stutz by LeBaron. The paint on this six-year-old restoration is a bit tired, but the chrome is mostly good. Decent black leather and wood. A melange of nuts and bolts on the undercarriage. Golf club compartment and chrome trunk rack. Cond: 3. NOT SOLD AT $110,000. Even with its four-valve, hemi-head, double overhead cam 86 Arrow Club sedan. S/N 2580180. White & gray/gray. Odo: 44,461 miles. One of 654 Silver Arrows built, and one of 1,740 PierceArrows of all series built in 1934. All panels fit well. Random touch-ups to the paint, with cracking along the body seams. Most chrome to point to in total. If there is an American Bantam Club out there—and there probably is—here is your concours winner. Cond: 2+. NOT SOLD AT $16,000. An American Topolino with a touch of Art Deco, this rare one was light by about ten grand. Not much of a space-taker, so perhaps the bidders just didn't have it on their “must have” lists. #12-1940 PACKARD CUSTOM SUPER shows its age. Fresh-looking light gray velour seats and delightful interior wood trim. Semitraditional lines, still with running boards and steel web wheels. A striking if understated look 8 ONE-EIGHTY Victoria convertible. S/N 18062025. Miami Sand/tan/tan. Odo: 22,039 miles. A three-year old restoration, with the dashboard from a 1938 V12. Winner of several 100 point AACA and CCCA awards. Subtle but eye-catching colors, with paint, chrome, and leather all in excellent condition. Very nice attention to detail throughout. I drove the car into the tent; the motor was quiet, and the steering Sports Car Market #1-1940 AMERICAN BANTAM Riviera convertible. S/N 66367. Creme/beige/beige. Odo: 839 miles. Very nice overall condition, with good paint and interior. Much attention paid to the details. Tough to point at anything objectionable, but then again, there's not much

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Gooding & Company Palm Beach, FL orange peel on this awful green paint, but the tan canvas top is nice. Very good Highlander Plaid interior, with a crazed original steering wheel. Clean trunk, and a well-prepared engine compartment. Cond: 3+. SOLD AT $31,900. This sale price was less than the low estimate. It certainly seemed worth the money. I kept telling myself if this car had great paint, it would be in sensational condition. With what he saved on the car, perhaps the new owner will see to that. was light. Darrins don't come much better than this. Cond: 1-. SOLD AT $253,000. Darrin prices are on the rise. The buyer of this lot has owned 20 other Darrin-bodied Packards so he knew exactly what he was looking for. He certainly found it here. Nicely done all around. #26-1941 CHRYSLER WINDSOR convertible. S/N 7945180. Green/beige/blue & green plaid cloth. Odo: 71 miles. Much #28-1948 PONTIAC STREAMLINER DELUXE Woody wagon. S/N P8PB27656. Gray/black/brown. Odo: 50,097. Mileage is believed to be correct. The paint is only so-so, and the original wood is very sun-bleached. Several board feet of wood trim on the inside as well, which is much nicer. The seats look like brush-painted linoleum, though there are many period-correct details throughout. Loads of patina, and probably best to leave it that way. Cond: 3-. NOT SOLD AT $50,000. About $10k light. A local antique car dealer was the underbidder. I think this example was just a little too “shabby-chic” to bring more, so this bid should have done it. #42-1948 LINCOLN CONTINENTAL convertible. S/N N/A. Blue/black/red. Odo: 98,899 miles. The last of the V12 Continentals. This car looks like it has had some use since its restoration, and can be considered an above average driver. Nice, consistent Zephyr Blue paint. Chrome (and there is a lot of it) is all excellent. The red leather and tan whipcord interior is very fresh. The undercarriage, while not as-new, is very clean. Cond: 2. NOT SOLD AT $44,000. The pre-sale estimate was $60k to $70k. Based on comparable cars and sales from the last couple of years, the high bid was about the median price for post-war May 2006 87

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Gooding & Company Palm Beach, FL Column Author Continentals. Even at the low, a CCCA Full Classic in this condition would still be a bit of a steal. #9-1950 CHEVROLET 3100 pickup. S/N SHPG21058. Red/black. Odo: 909 miles. Chrome grille and bumpers, whitewalls, optional heater, wood bed slats. The catalog states “800 miles since being completely redone.” An appealing restoration, and, thankfully, very than restored to shabby chic condition. When new, the price of a modest bungalow. Cond: 3-. SOLD AT $35,200. These Marks are all over the place, price-wise, though generally they've hovered in the $20k range. This car, in this shape, was well sold. stock-looking. The paint leaves something to be desired, with slight waves in the sides and rough door jambs. I couldn't get the passenger's door to shut. Cond: 3. SOLD AT $30,800. This wasn't an over-the-top restoration, so this sale seemed like all the money and then some for a basic Chevy 3100 pickup truck. Well sold. #4-1953 LINCOLN CAPRI convertible. S/N 53WAZ9737H. Gray/black/gray cloth. Odo: 2,838 miles. Looks every bit the part of a car prepared on the quick for auction. #35-1957 CHEVROLET BEL AIR convertible. S/N VC57A212422. Eng. # F1016F. Silver/black/red. Odo: 4,154 miles. Super Turbo-Fire V8, AM/FM radio. Stock-looking Bel Air with spinner hub caps and twin antennas. Nice driver condition overall, but far from show quality. Hit-or-miss panel gaps, with Mottled paint and pitted, marked chrome. The top fits poorly, and the rear window is tired. The interior is recently-replaced but incorrect cloth, and the steering wheel shows much wear. Cond: 4+. SOLD AT $26,400. With just 2,372 built, it's hard to buy a classic American ragtop in this price range. As it was, the sale price was about twenty grand below the low estimate. The buyer could spend a lot to make this right, or he can enjoy it as-is and probably for a fairly long time. #7-1956 LINCOLN CONTINENTAL Mk II 2-door hard top. S/N C5602697. Black/maroon & white leather. Odo: 98,026 miles. Some body issues, with a small dent on top of the right 1/4 panel, paint bubbles on left 1/4, no antenna mast, and a cracked back-up light lens. All other paint still shines, and the chrome is burnished. Driver's seat bottom is split at the seam. Suspension sits low in the front—surprised? Factory a/c. Well-preserved rather 88 obvious that a lot of research and care went into its construction. In fact, it looked like a recently-restored old race car. Cond: 2+. NOT mags, and side-exit exhausts. Hotted up with a bigger engine and heavy-duty tranny. Cond: 3-. NOT SOLD AT $100,000. Another “just a whisker away” no-sale. This wasn't the car for this sale, as the Shelby crowd was in Scottsdale this week. No telling what it would have brought in Arizona.u Sports Car Market good paint. Missing the ashtray, “ersatz” radio. Clean, authentic-looking engine compartment. Sits right. Cond: 3. SOLD AT $68,200. This seemed like top dollar for one of 47,000 or so 1957 Bel Air convertibles produced, and in only fair condition at that. I liked the color, and it may have helped to sell the car. Well sold. #53-1957 CHEVROLET ONE-FIFTY Black Widow Recreation 2-door sedan. Black/black. A recreated Malley Chevroletentered, Jack Smith-driven, fuel-injected stock car. This car looked very authentic, and it was is better than new. The entire car looks new, but not too new. Cond: 1-. SOLD AT $489,500. Sold on the telephone, though the underbidder was a woman in the tent. Before the auction, I couldn't stop talking about the condition of this car to anyone who would listen. There was no pre-auction estimate, so we had no idea if the hammer price would be enough to sell it. Great money for a nice racer with a fully-stocked past. #47-1966 SHELBY GT350 fastback. S/N 6S254. White & blue/black velour. Odo: 2,432 miles. 345-ci V8, 4-bbl, 4-sp. Looks like an old race car, as it should. Straight body, with good panel gaps. The paint is cracked, chipped, and dinged. Nice velour bucket seats and a no-nonsense interior, with full roll cage and Plexiglas windows. Hella rally lights, Torq-Thrust SOLD AT $75,000. Another addendum to the catalog, with a low estimate of $100k. This was the wrong crowd for this car, with few bidders at this point in the auction. I don't consider this to be the market. It likely would have hit the low estimate if it had run earlier in the sale. #27-1962 CHEVROLET CORVETTE convertible. S/N 20867S101261. Eng. # F0928RF. White & blue/white HT/red. 327/360, FI, 4-sp. Ordered from the factory with hard top, radio delete, positraction, and the RPO 687 performance option—big brakes and steering. Raced at Le Mans in 1962 by Tony Settember and Jack Turner. Quick-fill gas filler routed through the rear window. Panel fit

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Column Author Russo and Steele Scottsdale, AZ Collector Automobiles in Scottsdale The final tally nearly doubled the sales total from last year, an impressive feat no matter how you slice it Company Russo and Steele Date January 20–22, 2006 Location Scottsdale, AZ Auctioneer Rob Row and Dennis Wisbey Automotive lots sold / offered 299 / 396 Sales rate 75% Sales total $19,829,178 High sale 1971 Plymouth Hemi ‘Cuda, sold at $715,000 Buyer's premium 10% (included in sold prices) Auction in the round inside the Russo and Steele tent Report and photos by Daniel Grunwald Market opinions in italics. W Scottsdale, AZ hen Drew Alcazar founded Russo and Steele six years, ago he chose that name carefully, using “Russo” to depict the red so famously linked to Italian exotics, and “Steele” to con- note American muscle. These were to be the mainstay of his company. This year the “Russo” pickings were slim, but the “Steele” part of the sale more than made up for it. You can always count on the Arizona prices to be a bit optimistic, but if this sale—as well as the others around town—were harbingers of the future, then the dollars will continue to flow into this ever-increasing, ever-popular collector muscle segment. Alcazar added a third day to the auction this year to accommodate a larger number of entries—at 396, 130 more than last year's 266. In keeping with the increased size and scope of the sale, the tented facilities proved to be first-class as well. The show space featured carpeting throughout, portable heaters, free buffet meals, and a catered charity dinner during the preview. Gone are the days when you just filled a parking lot and held an auction, offering stale hot dogs and flat soda to bidders. A number of cars migrated to Arizona this year from other sales, and most brought a profit to sellers who gambled that “Scottsdale Syndrome” would infect potential buyers. The 1965 Chevrolet Malibu Z-16 prototype was one such car. Sold last year at Mecum Rockford for 90 $260,000, here it hammered down at $412,500, a healthy profit, and just one indicator of the continued and evolving strength of this market. The top sale honors went to a 1971 Plymouth Hemi 'Cuda. Nicely presented in blue with matte black graphics, it made $715,000, the highest price paid for a 'Cuda hard top during the week. Even more notable was the number of Shelbys of all sorts, twenty real and six fakes, consigned to the sale. Among the genuine Shelbys, a green 1967 Cobra 427 stood out. Unadorned with side pipes, roll bars, or hood scoops, its simplicity and fully documented history attracted heavy bidding right up until the hammer fell at $605,000. Two disappointing no-sales came in the form of a pair of racing Corvettes—one a 1962 convertible and the other a 1963 coupe—and both with Sebring and SCCA provenance in the hands of Texas Chevy dealer Delmo Johnson. The '62 did well to get to $950k, but ultimately missed the mark by at least $150k, while the '63 fizzled out at $900k. For both cars, it seemed like case of a over-optimistic reserves, despite each car's impressive history. Alcazar and company can't be too disappointed, however, as the final tally of $20m nearly doubled the total from last year, an impressive feat no matter how you slice it. Building on this success, it's a safe bet to expect more exotics and iron, or “Russo” and “Steele,” as the firm rides its successful wave toward Monterey.u Sports Car Market

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Russo and Steele Scottsdale, AZ ENGLISH #S209-1956 JAGUAR XK 140MC road- ster. S/N S812262DN. Red/black vinyl. Odo: 396 miles. An “MC” with C-type head, competition carbs and dual exhaust. The left door is starting to peel. Bubbles are visible on the windshield glass. The interior looks decent, but the car remained locked during viewing. Some corrosion visible underhood through the louvers. Cond: 3-. SOLD AT $26,950. Most of this car looks pretty good, but the trunk panel fit is very scary. I am not fond of gremlins and British car gremlins can cause temporary insanity. gap is slightly wide. Replica of a record-breaking car. Cond: 1. SOLD AT $100,100. A very nice roadster that brought more than the high estimate. It was a duck out of water here, but really nice cars have a way of standing out in any crowd. Well sold. #S172-1962 JAGUAR XKE SI convert- ible. S/N 876244. Blue/gray leather. Odo: 7,155 miles. Griffin aluminum radiator with electric fan. Dull chrome bumpers, and wavy chrome trim on both door tops. Driver's seat base shows wear, and there are dents in the aluminum console trim. The dash padding within a budget. The owner still liked his car more than the buyers here did. Healeys seem to be all over the board lately and this one may bring more at another sale. But for now, maybe the seller is happy still to have his car. #F133-1974 JAGUAR XKE SIII convert- ible. S/N UE1S24308BW. Green/green HT/ tan/L. Odo: 15,142 miles. Trunk fit is awful, with huge gaps and high fit. Chips on the front end and hood's leading edges. Much chrome GERMAN #F111-1963 VOLKSWAGEN TRANSPORTER crewcab pickup. S/N 1018773. Yellow/black vinyl. Odo: 14,266 miles. Some chrome is peeling on the window frames and bumpers. Some trim fabric is pulled loose, and glue shows in places. Missing a radio knob. Clean and detailed engine with is pulling loose at the defrost vents, as is the weatherstripping at the rear of the driver's window. The engine appears “as-driven” clean. Cond: 3. NOT SOLD AT $60,000. Said to have recent engine, clutch, and transmission restoration, plus a bare-metal respray. It started quickly and sure did sound good. Still, it had too many issues to pull the $75k low estimate. #S121-1967 AUSTIN-HEALEY 3000 Mk III convertible. S/N HBJ8L38391. Blue metallic/dark blue/dark blue leather. Odo: 41,265 miles. Some paint flaws, including the mismatched hood. Lots of deep scratches in the side windows, with wear in various chrome pieces and a dent in the chrome hood scoop trim. Weatherstripping is worn through. Glovebox wood finish is cracked, and interior chrome is pitted. Torn driver's side tunnel carpet, and the steering column paint is worn to show bare steel with surface rust. Clean engine with new wiring loom. Driving lights and new Fram gas cap. Cond: 2-. NOT SOLD AT $26,000. Most flaws weren't too excessive, and there was plenty to like here. It looked to have been incompletely restored for driving and May 2006 91

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Column Author Russo and Steele Scottsdale, AZ degree wheel and dual carbs. Sliding sunroof and safari front windows. Cond: 3+. SOLD AT $31,350. These customs usually look a bit cobbled together, but this one was very well done, built from parts of a 21-window van and a pickup truck. In fact, it looked good enough to be a factory-done crew cab. I liked it and I wasn't alone. This was strong money, and it just might be a record. #S106-1964 VOLKSWAGEN MICROBUS 21-window van. S/N 1302403. White & blue/gray. Odo: 388 miles. Lots of scratches on the glass. The chrome is mostly good, with some pitting and wear visible. The paint is still flashing off fumes. Some pits on the chrome hubcaps, and the wide whites show cracks. All new cloth interior with sunroof. Uprated with a 2.4-liter engine. The original 2-liter with matching numbers is included. Mileage is claimed since the 1991 resto. Some stone chips in the paint and glass. The ashtray is ill-fitting and the dash vinyl is loose at the glovebox. Blaupunkt tape deck. Certificate of authenticity from Porsche. Original jack, tools, manual, and documentation from 1970. Cond: 2. SOLD AT $28,600. This car was said to have 200 hp, as opposed to the 125 hp Porsche gave it from the factory. Compare this with the meager 85 hp produced by the H4, and it's easy to imagine how this car moves. Lots of interest before the sale, which translated to huge money when the hammer fell. Very well sold. ITALIAN #S221-1967 FERRARI 330 GTC coupe. The painted dash is pitted. Rebuilt 1600 motor. Nicest VW engine compartment I've seen. Safari windows in front. Cond: 2-. SOLD AT $36,850. This must be a California car because the waves are still visible in the side panels. And how did they manage to scratch every side window? Just think. You can still buy a pretty decent Corvette for this money. #S259-1968 MERCEDES-BENZ 280SL convertible. S/N 1130412000874. Medium red metallic/black & red HT/Parchment leather. Odo: 61,007 miles. Excellent chrome. Good panel fit, with solid-closing doors. Some paint shows scratching, with one small dent on the hood. Otherwise, all looks very good. Some cracked window rubbers. Very nice interior. S/N 9821. Blue/Parchment leather. Odo: 80,584 miles. New cosmetic restoration, including the paint, chrome, and interior. Paint looks fantastic, and the interior is well-fitted and shows very well. Recent tune up included misfit on the left side. New interior, with repaired steering wheel cracks and some pits in the chrome trim. Cond: 3+. SOLD AT $44,000. Fully converted to a 12-volt system, so even the gas gauge and top work on it. Good colors, and the wide whites complement the look nicely. Looked to be a great and dependable cruiser, and one bought fairly. #SN157-1954 CHEVROLET CORVETTE belt change and transaxle rebuild. Power windows and a/c. Cond: 1-. SOLD AT $195,800. The color looked just a little off from the factory color. It certainly didn't detract from the car's overall appeal, however, and it sold right on the market. AMERICAN #S226-1922 DUESENBERG Special roadster. S/N 1056. White/tan leather. Odo: 27,141 miles. A 1930 Hudson chassis, clad in an Indy-style racing body, and powered by a '22 Duesy straight eight. Bitsa heaven. Dirt and chips everywhere in the paint, with a rusty Clean engine. Cond: 2. SOLD AT $50,050. Though a cosmetic resto was claimed, little was said about the mechanicals. Still, this is a car I would buy with some confidence. Mechanicals are always a partial crap shoot, but with the detail evident throughout, it's hard to imagine the seller would have let the rest go to pot. Well sold. #S103-1970 PORSCHE 914-6 roadster. S/N 9140431209. Ivory/black. Odo: 6,731 miles. 92 roadster. S/N E54S001228. Red/red. Odo: 9,851 miles. 235-ci I6, 3x1-bbl, auto. Driver's door gaps vary, and the hood doesn't open. The side spear chrome is marginal, but the wind- headpipe on the open exhaust. All chrome is worn off, and the boattail rear end is dented. Used but functional seat and wheel. Cond: 3-. NOT SOLD AT $100,000. Built in South America and raced there. It looks like a regularly used vintage race car, which is what it is. It also looks like great fun, and it is not difficult to imagine Fangio or Froilan Gonzalez chucking it with great abandon. Very tough to price with such a vague history, but the vendor needed more. #S256-1954 CHEVROLET BEL AIR convertible. S/N C54L016771. Red/white/red & white. Odo: 72,260 miles. New top and windshield. The paint is a bit thick but attractive. Dented hubcaps, and some pitting on the chrome door handles and window trim. One delaminating vent window, and the hood is shield surround and bumpers look good. New interior, with pitting on the horn ring and dull gauge faces. Cond: 3+. SOLD AT $63,250. The pre-sale estimate of $80k to $90k seemed way overboard considering the condition. Others seemed to agree. #S229-1957 CHEVROLET CORVETTE convertible. S/N E57S102281. Arctic Blue/ blue HT/red. Odo: 746 miles. 283/283, FI, 3-sp. One of eight cars built with RPO 684: big brakes and heavy-duty suspension. A few minor paint flaws, with some rubbed through Sports Car Market

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Russo and Steele Scottsdale, AZ at the driver's door jamb. The windows show some delamination. The undercarriage shows well, with stenciling. Cond: 2. NOT SOLD AT $192,500. Raced in Florida intially. Won the 1997 Triple Crown—Bloomington Gold, NCRS Top Flight, and Vettefest National Gold Spinner. Showing a little age since then, but still a quality Corvette from a landmark year. #S227-1962 CHEVROLET CORVETTE convertible. S/N 20867S105863. White/white HT/black. Odo: 33,952 miles. 327/360, FI, 4sp. Built by Zora Duntov for Delmo Johnson as a racer. Hurst shifter, no bumpers or wipers, leather strap hood hold-downs. Nice paint, with a few chips in front. Chips in the windshield, and some crazing in the rear plexi window. Padded dash is pulling loose at the windshield, and the chrome horn button is pitted. Racing belts. Heavy-duty brakes. Fitted with the original 24-gallon tank, but Duntov's special 37-gallon fiberglass tank is included. Cond: 2. NOT SOLD AT $950,000. Raced by Johnson at Sebring in ‘62, finishing 3rd in class, 21st overall. SCCA Southwest champion. The history here—both of the car's origins and its racing endeavors—was not enough to raise the $1m reserve bid. Close, but no cigar. #S224-1963 CHEVROLET CORVETTE coupe. S/N 30837S106577. Blue/dark blue vinyl. Odo: 96 miles. 327/360, FI, 4-sp. A big brakes, big tank racer with Delmo Johnson racing history, including 2nd in class at 1963 Sebring. Body-off restoration in 2004 to an excellent standard, with only a few slight paint flaws. Two-bar racing knock-offs. Racer Reunion display car at Corvettes of Carlisle in 2004. Bloomington Gold display in 2005. Cond: 1-. NOT SOLD AT $900,000. An excellent example of a successful Corvette racer, with lots of history and many rare parts. This was big money for a racer with only U.S. success. It's hard to imagine holding out for more, or getting it, for that matter. #SN136-1963 CHEVROLET CORVETTE coupe. S/N 30837S102084. White/red vinyl. Odo: 81,481 miles. 327/300, 4-bbl, 4-sp. Passenger door gap is wide at the A-pillar. Left rear bumper has unpainted fiberglass repair, and the rear bumper has micropitting. Trim is May 2006 93

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Column Author Russo and Steele Scottsdale, AZ misfit on the rear window. New interior, with power windows. Fiberglass glovebox door is spidering. Cond: 2. SOLD AT $61,600. Power windows are always a plus, though the passenger door fit bothered me, because it appeared worse than just GM standard. Strong price for 300-hp coupe with gap issues. #S120-1965 FORD MUSTANG convert- ible. S/N 5F08A770808. Green/Parchment/ Parchment. Odo: 57,042 miles. 289-ci V8, 4-bbl, 4-sp. New top. Good paint and chrome, with variable hood gaps. New interior looks SOLD AT $75,900. Born as a yellow car with black interior and 4-bbl. Iris Mist wasn't too popular when new, but here, with the Parchment interior, it works very well. Perhaps I'm just getting less macho. The Tri-Power is a nice touch, too. A strong sale, but fair for both buyer and seller based on the quality resto. #S139-1965 FORD MUSTANG GT convertible. S/N 5F08A73042. Arcadian Blue/ blue vinyl. Odo: 40,186 miles. 289-ci V8, 4bbl, 4-sp. An original GT in as-new condition most everywhere, with only some slight pitting good, with Rally-Pack gauges, though the horn ring and console are pitted. Dual Redline tires and a luggage rack. Cond: 2. SOLD AT $36,300. There were some small details lacking, but nothing serious, and nothing the new owner can't address with a little investment. A fair deal for all concerned. #S232-1965 CHEVROLET MALIBU SS Z-16 2-door hard top. S/N 138375B118040. Red/black vinyl/black vinyl. Odo: 21,990 miles. 396-ci V8, 4-bbl, 4-sp. Rare Z-16 pieces throughout, including a brace of special heavyduty components. Very good new paint, with deep luster and a few tiny flaws. All chrome and weatherstripping is new. Very nice interior. Highly detailed engine and Goldline tires. visible in the front console chrome. Judged 697 of 700 points at MCA national meet. Cond: 1-. SOLD AT $72,600. This rare color was only available late in '65. Nothing really rare here except for the overall presence of this very nice 289 4-sp. GT. Sold at what could be a new record price. The seller, quite understandably, was overjoyed. #S215-1966 SHELBY GT350 fastback. S/N SFM65187. White/black. Odo: 7,377 miles. 289-ci V8, 4-bbl, 4-sp. Freshly restored and numbers-matching. Fiberglass hood. Nice paint, but the side Plexiglas is scratched. Great Cond: 1-. NOT SOLD AT $412,500. This was a prototype, the first of 201 Z16s made in 1965, and the start of Chevy's big block program. Very well documented and known in Bowtie muscle car circles. It went unsold at Mecum Rockford 2005 at $260k (SCM #38217). A smart move by the vendor to bring it here. He also seems to have lowered his reserve, which might have helped. #SN151-1965 PONTIAC GTO convert- ible. S/N 237675B137967. Iris Mist/white/ Parchment. Odo: 22 miles. 389-ci V8, 3x2bbl, 4-sp. Variable driver's door gaps, with good paint and chrome. Very nice interior, with slight wear to the door panels. Well restored, if not completely original. Cond: 2. 94 67,218 miles. 289-ci V8, 4-bbl, 4-sp. Nice interior. A two-owner car, and with the second owner since 1971. Nice paint and chrome. A couple small scratches in the side glass. The dash-mounted tach shows slight yellowing on the face. Scored 445 of 450 points at 1994 SAAC in Indianapolis. Cond: 1-. SOLD AT $178,750. Another big result for a very clean, straight, documented Shelby. Blue chip. #SN155-1966 CHEVROLET CORVETTE coupe. S/N 194376S112473. Red/black. Odo: 44,250 miles. 427/450, 4-bbl, 4-sp. New chrome and paint to a high level, with new leather interior as well. Some delamination on the rear window. Radio delete, transistor ignition, heavy-duty suspension, and side pipes. Excellent engine with lots of new stuff. Cond: 1-. SOLD AT $83,050. Early in '66, these engines showed stickers with 450 hp on them. Then, for some reason, GM changed them to read 425 hp. Which would you rather have? A nice restoration, priced right in the market if the part numbers are correct. #F227-1966 SHELBY COBRA 427 road- ster. S/N CSX3336. Blue/black leather. Odo: 9,692 miles. 427-ci V8, 2x4-bbl, 4-sp. Good paint, though color-changed from green during the 1978 restoration. Good chrome, with a few stone chips on the windscreen. Leather seats show patina, with some light rust on the turn signal arm. Painted side pipes and Carroll's interior, with Cobra dash-mounted tach and woodgrain wheel. Racing seatbelts. Cond: 1-. SOLD AT $198,000. This was one clean Shelby, presented well and just the way I'd want mine. A strong price, but worth it, I'd say, as all the hard work has been done, and done well at that. Call it the new price of admission. #S219-1966 SHELBY GT350 fastback. S/N SFM6S1188. Ivy Green/black. Odo: Sports Car Market

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Russo and Steele Scottsdale, AZ signature on glove box. Lots of docs attesting to AHRA drag racing records. Original accessories include hammer and grease gun. Cond: 2. SOLD AT $566,280. This was a nice car, with no stories and with a solid, documented drag racing history from new. It sold in the middle of the estimate, as expected. #SN155-1966 CHEVROLET CORVETTE coupe. S/N 194376S112473. Rally Red/black leather. Odo: 44,250 miles. 427/450, 4-bbl, 4-sp. Excellent paint and brightwork. Very nice leather interior with radio delete. The engine shows well, with an all-new stock look. documented history. Excellent inside and out. Cond: 1. SOLD AT $605,000. This car could easily pass for a time-capsule machine. Presented in a fairly atypical color, it attracted much attention for its simplicity. This was the car of my dreams in my glory days. Still is, in fact. A good price. Transistor ignition, side pipes, and heavy-duty suspension. Cond: 1-. SOLD AT $83,050. Not much to fault here. Well-optioned and wellrestored. This was a strong price, but justified here on a fine example, and in the frenzied desert air. #S260-1967 OLDSMOBILE 442 convertible. S/N 338677M167803. White/black vinyl/black vinyl. Odo: 25,039 miles. 400-ci V8, 4-bbl, 4-sp. The paint is a bit thick and dull in places, with pinholes in the marginally rechromed bumpers and taillight trim. The interior is flawed, with pitted chrome, puckered dash pad, crude door panel speakers, and a wobbly, delaminating rearview. Clean engine. Cond: 3. SOLD AT $30,800. Looks to have been restored by an amateur in the mid-'90s, and said to be numbers-matching. A decent ten-footer that holds a magnet everywhere and shows promise. I hated the crude speaker install. Details, details, details. #S244-1967 SHELBY GT500 fastback. S/N 67410F78007. Red/black. 427-ci V8, 4x2-bbl, auto. Originally a 428 with 355 hp. Now, the side-oiler 427 works with an Inglese induction system, putting out mucho power. Originally lime green. All is as-new, with many custom touches, including 17” alloys, disc brakes, and a digital dash. Cond: 2+. SOLD AT $140,250. Very unusual to see a Shelby with digital gauges and a new engine that doesn't really replicate the original configuration. It probably would have brought more money with #S223-1967 SHELBY COBRA 427. S/N CSX3252. Green/black/black leather. Odo: 22,608 miles. 427-ci V8, 4-bbl, 4-sp. Painted nicely in its factory green. Very original. Has not been modified with side pipes, roll bar, or hood scoop, and appears largely as it did when new. Three owners, and with a fully May 2006 95

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Russo and Steele Scottsdale, AZ Column Author this one, including the original broadcast sheet. Only 500 Charger 500s were built to homologate the car for NASCAR, and only 52 came as Hemis. This price was a fair chunk below the estimate, but I'd call it top dollar today. #S236-1969 PONTIAC TRANS AM 2- the original-style components, and the outlay of cash would have been similar for the stock resto. #S218-1968 CHEVROLET CORVETTE L88 convertible. Blue/blue vinyl. Odo: 6,180 miles. 427/430, 4-bbl, 4-sp. Said to be Bloomington Gold. The hood won't open, and the paint looks a bit thick and wavy, even for a 'Vette. Good gaps and chrome. Radio delete. Some minor interior details are lacking, black vinyl/black vinyl. Odo: 11,850 miles. 396-ci V8, 4-bbl, 4-sp. Good gaps all around. Some scratches at the edge of the driver's door glass. New chrome and paint look very nice. Bumper overriders. Cond: 1-. SOLD AT $63,250. A beautiful three-owner car that deserved this top price. It used to be that only Z/28s brought the top bucks, but 396/375 is right up there in the performance department. The owner had three pages of decoding numbers to show originality, plus two more pages with a history of the car. Documentation and presentation are powerful allies, and the price reflected that. #S206-1969 DODGE CHARGER Daytona 2-door hard top. S/N XX29L9B355105. Yellow/black vinyl. Odo: 5,875 miles. 440-ci V8, 3x2-bbl, auto. The droop snout fits quite well here, though the headlights show the usual poor gaps, but are at least level. New chrome. like the heat shield fabric that is torn off the driver's side floor. Cond: 2-. NOT SOLD AT $380,000. Color-changed to Le Mans Blue during the restoration. A fairly nice example, but with too many inconsistencies to warrant the price being sought, despite the car's rarity. It couldn't have missed by much. #S220-1968 CHEVROLET CORVETTE L88 coupe. S/N 194378S426697. Blue/black vinyl. Odo: 22,606 miles. 427/430, 4-bbl, 4-sp. One of 80 L88s made. Nice paint and fairly good gaps. As-new interior with a wood wheel. The windshield is delaminating. The engine looks “as-driven,” with the air pump and distributor vacuum hose missing. New wiper Rear window trim is misfit, and the driver's seat is split. Original window sticker and Govier documentation included. Dealer installed Six Pack. Cond: 2. SOLD AT $154,000. This was bought just at the high end, but should be worth more next year if current escalating Mopar prices continue. #F225-1969 DODGE CHARGER 500 2-door hard top. S/N 991680561111. Black/ black vinyl. Odo: 192 miles. 426-ci V8, 4-bbl, auto. Claimed actual mileage. A Hemi-powered NASCAR Charger 500 with flush grille. Front clip gaps are wide. Poor paint around the rear window trim. Redline tires. Undercarriage is good but not perfect. Cond: 2. SOLD AT $195,250. Lots of documentation came with motor. Heavy duty brakes and correct radio delete. Cond: 2-. NOT SOLD AT $330,000. Lots of history and paperwork on this one, including the tank sticker and shipping invoice. Twin to the convertible L88, lot S218. The vendor was hoping for at least $375k, but this wasn't even close. Two L88s, two no-sales. #F246-1968 CHEVROLET CAMARO SS 2-door hard top. S/N 124378L314760. Green/ 96 sheet. A no-sale at Mecum Fall Classic 2005 at $13,000. Cond: 2-. NOT SOLD AT $14,750. Probably the rarest Corvair in the world, with only 14 original miles, a bench seat, and a 3sp. Why did someone save THIS car? The lack of options just killed it. Even a bucket seat 4-sp with 110 hp would have been more desirable. But here, a new 37-year-old car didn't excite any interest. #F211-1969 DODGE CHARGER Daytona 440 2-door hard top. S/N X229L93405176. Dark orange/black cloth. Odo: 44,707 miles. 440-ci V8, 4-bbl, 375-hp. Ugly but correct gaps for one of these cars. Very good paint and a nice interior with radio delete. Globby silicone around the windshield. Very unusual cloth interior. Cond: 1-. SOLD AT $170,500. Sports Car Market door hard top. S/N 223379N104698. White & blue/blue vinyl. Odo: 3,446 miles. 400-ci V8, 4-bbl, 4-sp. A rare car, with the L-85 Ram Air V engine option. Variable gaps to the panels. The driver's door shows chips. Inside, the driver's door panel is torn at the edge. Loose air vent ball. Cond: 2+. NOT SOLD AT $175,000. PMD build paper. I though the phrase, “Go west, young man,” might apply here, as this car sold at Mecum Rockford 2005 for $115,500. I said then it could fetch an even higher premium, and Scottsdale certainly seemed to be the place to fetch it. The seller felt otherwise. #SN169-1969 CHEVROLET CORVAIR 2-door hard top. S/N 101379W705381. Blue/blue. Odo: 14 miles. Actual mileage. A few paint chips, cracks, and flaws on the bumpers. Some of the clear plastic interior knobs are yellowed. Original window sticker is still on the window, as well as the new dealer prep

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Russo and Steele Scottsdale, AZ Column Author mine, but at this price, for an example with these flaws, it should have sold. #F228-1970 PLYMOUTH SUPERBIRD Hemi 2-door hard top. S/N RM23R0A176668. Vitamin C Orange/black vinyl/white vinyl. Odo: 124 miles. 426-ci V8, 4-bbl, auto. Factory build sheets and Govier documentation. Good This was the actual car used by Chrysler in the recent Dodge Daytona pickup commercials, so you can bet it photographs well. Such star status didn't seem to affect the final sale price though, and it seemed fair both ways. #F233-1969 SHELBY GT500 fastback. S/N 9F02R482945. Blue/black vinyl. Odo: 32,435 miles. 428-ci V8, 4-bbl, 4-sp. The hood sits very high at the middle, and the door and trunk gaps vary. Some interior chrome is paint. Some waves in the chrome bumper, with dents in the rear window trim. The side glass is scratched in places and there is some distress under the new vinyl top. Cond: 2. SOLD AT $379,500. A numbers-matching Hemi in everybody's favorite color. This bird flew the coop with no problems, and the Mopar fever continues. #SN148-1970 FORD MUSTANG Boss 302 fastback. S/N 0F02G158491. Yellow & black/black. Odo: 86,771 miles. Marti Report. Wide gap at the bottom right fender. The paint looks very sharp, as do the matte decals, though some black has chipped on the rear window worn. Clean underhood. Cond: 3. SOLD AT $121,000. The drag pack and 3.91 rear end might explain the low mileage, stated to be original. It sold for considerably less than the aggressive low estimate of $200k, but it was still a strong price for this car. #S185-1970 PLYMOUTH 'CUDA AAR 2- door hard top. S/N BS23J0B298717. Orange & black/black vinyl. Odo: 61,275 miles. 340-ci V8, 3x2-bbl, 4-sp. Hood fit is poor and the front clip gaps are wide. New paint, with masked window trims. New interior, but with hood. Good interior with Pioneer tape deck. Cond: 3+. NOT SOLD AT $84,000. Seems like “recreation” is the new name for these cars, as opposed to “clone.” Perhaps we can thank Carroll for such a gentle term. The overly optimistic $110k estimate no doubt helped to prevent this one from selling, and rightly so. #F105-1978 DODGE LIL' RED EXPRESS pickup. S/N D13B8J512543. Red/black. Odo: 51,284 miles. 360-ci V8, 4-bbl, auto. Some chips and scratches in the paint, with dull areas in the trim and scratches in the chrome. Dent in the top of the hood. Clean underhood, with trim. New interior, with new weatherstripping and Hurst shifter. Shaker hood and as-new engine compartment, with all correct stickers. Cond: 1-. SOLD AT $77,000. Said to be numbers-matching. Good Boss Mustangs are making their mark, and the prices show it. I'd like to own one, but I think the train has left the station and I missed it. #S222-1971 PLYMOUTH 'CUDA Hemi driver's seatbelt trim missing and loose screws in both door base trims. Woodgrain has worn off the plastic steering wheel rim. The package tray shows gaps and missing screws. Very nice engine compartment. Cond: 3. NOT SOLD AT $80,000. Includes the broadcast sheet and previous owner info. Dan Gurney's All-American Racers version of the ‘Cuda is a favorite of 2-door hard top. S/N BS23R1B288866. Blue & matte black/black vinyl. Odo: 4,646 miles. 426-ci V8, 2x4-bbl, 4-sp. Shaker hood. Excellent paint and chrome. The windshield trim shows a slight gap at the top right. Inside, the paint is worn on the dash VIN plate, but the interior looks very fresh. Cond: 1. SOLD AT $715,000. A highly optioned Hemi ‘Cuda, and one of 59 with a 4-sp. It was hard to fault anything here. Heck, they didn't even look this some missing vacuum hoses. Cond: 3. SOLD AT $12,760. This was the fastest American production vehicle you could buy in 1978, and most were quickly beaten to death. This one had needs, but still looked cleaner and more rust free than most. Cheap speed that can also haul mulch for the garden. And when compared to the one that sold crosstown at B-J for $53k, it looks like quite the deal.u good when Chrysler sold them new. Lots of money but market correct for the moment. #F236-1971 DODGE CHALLENGER R/T Hemi Clone convertible. S/N JH27111B373320. White/black. Odo: 1,397 miles. 426-ci V8, 2x4-bbl, 4-sp. A faux Hemi car. Variable trunk fit, with a large paint crack on the rear deck. Period correct-looking Shaker 98 Sports Car Market

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Join Keith Martin at the SCM/Steve Austin's Great Vacations Car Collector's Dream Tour to the GOODWOOD FESTIVAL OF SPEED July 2-10, 2006 Formula One Teams Bonhams Auction Aston and Porsche Restoration Shops Museums Celebrity Speakers UPDATE: Saturday & Sunday viewing now includes the prestigious private hospitality suites of the Graham Hill and John Surtees pavilions. Drivers expected to meet our group are Sir Stirling Moss, Derek Bell, Alain de Cadenet, and Sir Jack Brabham, with more driver announcements to follow. Prior to the Festival are included visits to the Four Ashes Garage, restorers of Aston Martin, and to the bucolic setting of Francis Tuthill's Porsche race and rally preparation shop. Look forward to a private pre-auction walk-through and analysis of the cars at the Bonhams Goodwood Auction by Editor Martin and European SCM analyst Richard Hudson-Evans. The Goodood Festival of Speed is the largest celebration of motorsports in the world. It embraces cars from the very earliest steam carriages to the latest in Formula One. Racing cars and bikes come from all over the world, and this is the only event outside the Grand Prix circuit attended by many of the current Formula One teams. Our hospitality arrangements for The Festival provide a unique and mesmerizing mix of close-up motorsport action and exceptional personal service. Nowhere else in the world can the shattering performance of Formula One cars and the nostalgia and heroism of the full spectrum of motor racing past and present be experienced so intimately. The SCM tour mixes some of the most beautiful English countryside with some of the most important factories, museums, auto restorers, and collector car auctions. Tour Price: $4,735 per person twin occupancy; $1,100 single supplement. $1,000 reservation required to secure your position. Sign up today. Registration closes soon, and tour size is strictly limited. Call or e-mail today: Steve Austin's Great Vacations 1-800-452-8434 E-mail for more info: steveaustin@colton.com

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Silver Auctions Fort McDowell, AZ Column Author Off the Beaten Path After B-J, it was refreshing to come back to earth and wander among more accessible collector cars being bought and sold by normal people Company Silver Auctions Date January 21–23, 2006 Location Fort McDowell, AZ Auctioneer Paul Baer, Gary Baylor, Bob Graham, and Mitch Silver Automotive lots sold / offered 233 / 376 Sales rate 62% Sales total $5,718,170 High sale 1954 Buick Skylark convertible, sold at $185,500 Buyer's premium 6% (included in sold prices) A better sales rate, better sales total, and better weather for Silver this year Report and photos by B. Mitchell Carlson Market opinions in italics. S Fort McDowell, AZ ilver Auctions batted clean-up this year in the busy Arizona auction roster, a new position that didn't seem to hurt its prospects at all. The shuffle occurred when the host venue, the Fort McDowell Casino, held a grand opening party for its new hotel and convention center on Silver's usual sale date, the weekend before B-J. If anything, the later slot helped the Washington-based firm. This year's effort was a three-day affair, down one day from previous years. The only effect it seemed to have came in the form of fewer consignments, as both the sales rate and sales total were up. In the case of the latter, that meant a $1.3m bump to $5.7m, a 31% increase over last year's haul. During the first day of the Barrett-Jackson sale, Mitch Silver dismissed any concerns about hosting his sale on the same weekend as everyone else. “My job is easier,” he said. “Previously, I've had to convince buyers and sellers to come down (to Arizona) a week early. Now I just need them to drive 22 miles farther east.” So was it worth the drive down Shea Boulevard? We think so. The overall quality of the lots was up, sellers seemed willing to make deals, and buyers were more than happy to open their checkbooks and buy with reckless abandon. Aside from all that, this was just a fun sale to attend. 100 For many auction-goers who had been on-site at BarrettJackson from Monday through Friday, it was rather refreshing to come back to earth and wander among more accessible collector cars being bought and sold by more accessible people. Among all those accessible cars, a beautifully restored 1954 Buick Skylark convertible made top sale. Complete with an AACA Grand National Award from Hershey, it hammered sold for $185,500 after plenty of spirited bidding. More than at other venues, the sale seemed to feature a surplus of fakey-doos, including plenty of six-cylinder Camaros now sporting Z/28 badges and 318 Barracudas now crammed with crate Hemis. That didn't stop bidders, however, as these got snapped up with that same reckless abandon. The only real flaw in this otherwise solid auction came in the form of poor lot accounting, as no fewer than three pairs of cars were labeled with the same lot numbers. Minor quibbles aside, no one walked away from the event dissatisfied. With no casino grand opening party scheduled for 2007, Silver should have its traditional sales dates back. But after posting such strong results this year, batting clean-up may be a spot Mitch Silver and crew hold on to for a long time.u Sports Car Market

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Column Author Silver Auctions Fort McDowell, AZ ENGLISH #378-1953 SUNBEAM ALPINE Supreme convertible. S/N EF642. Cream yellow/black vinyl/red vinyl. Odo: 32,060 miles. Recent paint and upholstery, both to an average standard. Most exterior trim is replated well enough, but interior trim is original and pitted. Cheap, ugly, adhesive-backed seals used for door weatherstrips. Steering wheel rim is covered in a Wal-Mart grade wheel wrap. performance decals. The engine itself gives off a gassy, smoky puff under acceleration. Fresh undercoating. Cond: 2-. SOLD AT $14,310. I'm hard pressed to think of any European car that doesn't look good with a set of Minilites on it. While not a show car, this should make for a good driving event car. Bought near the top of the market for the condition, but not a bad buy by any stretch. #551-1960 MGA 1600 convertible. S/N Hastily undercoated before the chassis was even cleaned. Cond: 3+. SOLD AT $15,105. Sold for one bid past the reserve. With only 809 Sunbeam-Talbots of all types imported for this model year, it's rare indeed that one enters our airspace. The last two to sell under our watch at SCMwent for considerably less. Many needs still, but without a catalog from which to order parts, it may be costly to tidy up. Sold well. #385-1954 JAGUAR XK 120 roadster. S/N 5675926. Red/tan cloth/tan leather. Odo: 738 miles. Recent local level concours class winner. Lucas driving lamps, fender top mirrors. Superb repaint, but now with a small crack and ripple at the hood's trailing edge. Touched-up nick on top of the right rear fender. All chrome is replated. Door top leather is slightly off shade from the cowl, none of which matches the seats. grommet. Decent original chrome. Older repro top. Several cracks in the dash wood, but reupholstered well. The engine bay is a bit greasy and dusty. Cond: 3. NOT SOLD AT $18,000. Last seen at Silver Portland in October 2005, where it failed at $20k. This was an older restoration that is beginning to show its needs. And while MGAs continue to increase in value, they haven't by this much. For what was bid, both in Portland and here, this car should've sold. #156-1963 MG B Special single seater. S/N The chassis shows road dirt. Ran fine until it puked antifreeze before entering the tent. Cond: 2-. SOLD AT $53,000. On the block, it was claimed to be an alloy-bodied car, but is such only in the panels and not the superstructure. The car quickly got to $45k, where the reserve went off, with spirited bidding to the end. For someone who knows his way around an XK 120, and who owns a set of Whitworth tools, this will be a decent driver once some of the issues have been dealt with. #406-1959 TRIUMPH TR3A roadster. S/N TS53274L. Red/black vinyl/black vinyl. Odo: 58,609 miles. Minilite wheels with radials. Decent British car panel fit, though the cowl is slightly wavy. Nice bare-body repaint, but with some overspray on the original paint in the trunk. Expertly installed interior kit and new soft top. Relatively clean engine bay, with various 102 are good, with only a mild patina. Modern GPS, but enormous 1980s cell phone with rear window antenna, all of which have been attacked by the Lucas electronics, and are now dead. Cond: 3. SOLD AT $14,840. Easily passed the $12k reserve. No mention was made of any sort Sports Car Market 2BCT04027TUT09110. British Racing Green/ tan vinyl. Odo: 65,999 miles. Sold on Bill of Sale. Homemade tube frame fitted with an MGB powertrain. Well-engineered, with smart components like Cannon plugs for all wiring and quick-disconnect fasteners for the fenders. Decent paint, with a few minor scratches. Gauge lights don't work. Older aircraft-type lap belt. Mildly beefed-up engine with remote oil filter. Awkward pedal placement, with shifter Monza exhaust system. Various badges indicate it was owned since new by a member of the MG club. Cond: 2. SOLD AT $14,870. Sold in pretty quick order, as several bidders realized this was an excellent, original-owner survivor. The consignor lived in the upper Midwest, so it was only driven on nice days, hence the low mileage and great condition. If a rubber buggy bumper MG is your thing, this was the one to get, and by far the best MG out here this weekend. Not a bargain, but bought well. #68-1979 ROLLS-ROYCE SILVER WRAITH II sedan. S/N LRK 38266. White/ gray vinyl/gray leather. Odo: 17,445 miles. Cracks under the paint at A-pillar bases and hood opening near said A-pillars. So-so paint, with overspray on the chassis. The vinyl top is very good, fitted to R-R specs. The interior hides GHNL76443. Olde English White/black canvas/black leather. Odo: 76,064 miles. Buckle in the right front fender leading edge, with paint cracked at the crease. Some paint chips on the door edges, and cracks at pillars. No windshield gasket. Dry-rotted fender welting and filler tube between the legs. Clutch linkage failed just before the sale. Cond: 3. SOLD AT $15,370. Part dirt tracker, part vintage Indy car, part open wheel formula racer, part open wheel road course car, and all bitsa. This was far better thought out than most homemade projects. It took little time to get the linkage sorted once it crossed the block, such was the ease of access. As other people's projects went, this was a better deal than lot #102, most of all because it was cheaper and made more sense. ##115-1977 MGB convertible. S/N GHN5UH424454G. White & black/black vinyl/ black vinyl. Odo: 22,106 miles. Optional luggage rack and AM/FM. Mostly original, including the mileage, paint, powertrain, top, and interior. The paint and decals show very well, with one minor ding on the driver's side near the top mounting snaps. The engine bay is somewhat grimy, but commensurate with the miles. Some light wear and corrosion to the undercarriage. Aftermarket

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Silver Auctions Fort McDowell, AZ of maintenance schedule, so we can only hope the new owner is getting it properly serviced before anything else electrical—the ignition, for instance—also dies. #108-1992 JAGUAR XJS coupe. S/N SAJNW5841NC181478. Black/tan leather. Odo: 66,879 miles. Consigned by the original owner. Recently smogged. Decent repaint, with dust in random spots, plus with a bubble or two on the rear flanks. Used car wear and patina on the seats and arm rests, with light crazing on the woodwork. Used car engine bay, GERMAN #386-1957 MESSERSCHMITT KR 200 coupe. S/N 57006. White/Plexiglas/red vinyl. Odo: 13,924 km. European spec, with metric gauges. Old repaint, with various nicks throughout and some touch-ups. Cracking in the steering handles. Modern electrical duct to conceal wiring. The older reupholstery job has minimal wear and looks presentable. Seems to run out about as good as a two-stroke engine ever, these chainsaws on steroids are really only useful as garage curiosities. Plenty paid here. #55-1964 VOLKSWAGEN BEETLE coupe. S/N 6444287. Mint green/tan vinyl. Odo: 70,688 miles. Repro vintage accessory roof rack. Very good body prep and paint. Mix of repro trim and hubcaps and good original chrome, with slight pitting on fender signal housings. The expertly installed older upholstery kit is just starting to see some wear and with regular maintenance evident. An average used car. Cond: 3. SOLD AT $10,335. When he saw me making notes on the car, the owner inquired what I was doing. After I told him, he said, “Whatever your highest rating for a car is, add one more to it for this car.” Seriously. Though I debated knocking it down to a 4, I prefer to park the facts in front you, SCMers. I imagine he was offended by the sale price, but we know he got a gift. possibly can. Cond: 3-. SOLD AT $25,970. Messerschmitts share a striking resemblance to 1960s-era snowmobiles, only with a canopy. Not too surprising, as both had two-strokes, although most snowmobiles had larger motors and a higher top end. But try riding a KR200 across a frozen lake and see how far you get. Even in the era of increasing fuel costs, how- mild discoloring. Clean but not spectacular engine bay. The motor sounds a bit lumpy and wheezy. Cond: 2. SOLD AT $9,116. Last seen at Silver Portland in October 2005, where it sold for $11,978. The cost of ownership comes out to about $1,000/month. Curious. Still, this was a very nice example, and the refreshing thing here is that the modified Cal Bug factor was 0%. That roof rack was the only modification or modern enhancement to be found. Surely this was bought better than it was sold.

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Column Author #148-1980 PORSCHE 911SC convertible. Silver Auctions Fort McDowell, AZ S/N 91A0142109. White/black cloth/black leather. Odo: 44,130 miles. Gray market. Factory a/c, add-on whale tail. Excellent repaint on some body panels, but not all. Some paint chips on the door edges. Missing the factory data sticker from the driver's door frame. Minimal interior wear, though the piping is a bit distorted. Clean and maintained underhood, but the oil cooler fins are heavily bent. Consigned by a Tempe used car lot, although a butcher shop might have been more appropriate. Cond: 3+. SOLD AT $18,550. Cut from a 1980 Targa, and not exactly how the factory recommended it. The whole car oozes a pretty distasteful aura. Actually, it's more like a tidal wave. Sold well and bought... bravely. #172-1984 MERCEDES-BENZ 500SL convertible. S/N WDB1070461A0009476. Black/black ST & HT/tan leather. Odo: 160,844 miles. Gray market import. Euro-spec bumpers and lights. Claimed to include both tops. Decent repaint, but poor pinstriping. Door panels show some heavy ripples. The seats are older pseudo-sheep covers over heavily worn hides. cloth/tan leather. Odo: 21,947 miles. Original paint is faded and chalky, with several nicks on the right rear flank. Badly faded emblems and sun-baked bumper rubber on both ends. Lots of surface rust to left rear wheel, and only the rear tires match. Soft top is serviceable, but for some cracking in the vinyl side piping. The windshield is starting to delaminate. Heavy soiling of the seats, but no tears. Cond: 4+. NOT SOLD AT $4,200. “The Graduate” was the base trim package on these cars. Re-ran on Monday, again a no-sale when it was bid to $4,800. Billed as being “the personal property of a Ferrari mechanic” means that either it's a fabulous car that he got bored with or it's rotting road kill that he doesn't want to deal with. I'm leaning toward the latter here. JAPANESE #180-1972 DATSUN 240Z hatchback. S/N HLS3078726. White/red & black vinyl & cloth. Odo: 98,313 miles. Aftermarket a/c, steering wheel, and dashboard cover. Cheap, awful repaint, with bad or even non-existent masking. Rust bubbles on both rear wheel wells. Dent in the roof. Dark window tint everywhere but the speedometer. Decent restoration with very good paint showing a little orange peel. Good chrome on radiator shell and new repro bumpers. Nicely reupholstered interior. Underhood is tidy, with period incorrect dark blue head. Fuel delivery system uses cast iron pipe instead of tubing. Cond: 3+. NOT SOLD AT $8,000. By 1927, Ford saw the writing on the wall and glitzed up the final year's production of the venerable T, as it was essentially unchanged since 1908, and cosmetically the same since 1916. Styling cues hinted at the upcoming Model A. Every serious car collector should have a Model T once, just for the experience. Best bets are either a pre1910, or a user-friendly '27 like this one, valued correctly here. #20300-1941 CADILLAC SERIES 62 4-door convertible. S/N 8342956. Black/tan cloth/tan leather. Odo: 59,430 miles. Claimed original mileage. Restored over a decade ago. So-so panel fit. Very good older paint, with some cracks forming. Most chrome is replated, with some flaking and pitting in spots. All seats and carpets show light wear. Engine bay is dusty Consignor claims to have $2k into a “new” motor, although the engine bay looks dirty and untouched. Aftermarket alarm is haphazardly installed. Cond: 4+. SOLD AT $9,540. Let's see, two grand on a “new motor” for a Mercedes. New to him maybe, but the last time 5-liter V8s cost $2k was before this car was built. Perhaps said motor is so hot he needed potholders just to install it. Any way you cut it, the buyer failed to do the math on this one. That said, Silver's postevent results don't show this car as even having been at the sale. ITALIAN #365-1988 ALFA ROMEO SPIDER 2000 Graduate convertible. S/N ZARBA5644H1045693. Pale yellow/black usage anywhere on the car. It's perfect. Cond: 1+. SOLD AT $185,500. This is generally in the range of what top-notch '54 Skylarks are doing nowadays. Actually, the market tends to prefer '54s over the original '53s—perhaps it's the scalloped fender openings? With almost 104 Sports Car Market windshield. Decent reupholstery on the performance seats and modern DIN-mount stereo in the dash are the highlights of the interior. Cond: 4. SOLD AT $2,862. Offered no-reserve by a the scraggliest kids I've ever seen. Sold first on Saturday night to a dealer who likes cheap cars. He re-ran it Monday and sold it for $3,922 to another dealer who likes cheap cars even more. Not a bad profit for a weekend of work. Eventually, however, someone will get stuck without a chair when the music stops. AMERICAN #13-1927 FORD MODEL T 2-door sedan. S/N 14326905. Dark brown & black/black vinyl/ gray mohair. Odo: 60,027 miles. Fitted with a Ruckstell two-speed rear end, battery, generator, ammeter, electric windshield wipers, and electric start. Period aftermarket Boyce Moto Meter and and shows a lack of attention. Fresh undercoating is hastily applied all over the chassis and body. Cond: 3+. SOLD AT $83,740. 1941 was the last year for a 4-door Cadillac convertible, a convertible sedan, if you will. This was also the first year for the HydraMatic transmission, although this car was fitted with the standard three-speed manual. Bid to $74k on Sunday, but not sold. When the bidding ended on Monday, the consignor wisely decided to let it go. #186-1954 BUICK SKYLARK con- vertible. S/N 7A1047113. Mint green/black vinyl/white leather. Odo: 3 miles. Fully restored within the last year. How good is it? Well, the consignor was more than happy to show off his recent AACA Grand National award, presented when the car won Best of Show at Hershey in October. There are no signs of any wear or

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no fanfare, and definitely no live TV coverage, this car came out of nowhere on Saturday night and blew a hole through this venue's previous record. Very nice to see. #023-1955 DESOTO FIREFLITE Sportsman 2-door hard top. S/N 62047583. Red & white/white paint/white, pink & black vinyl. Odo: 85,209 miles. Cheapie repaint, with minimal prep work. No left rear quarter panel trim. Original brightwork is in sorry shape, with plenty of nicks, scratches, and pitting. Rattle-trap doors need to be slammed. Patchwork interior, with dusty dashboard and Recent Il Biscione sales on eBay. #4595212974-1961 ALFA ROMEO GIULIETTA SPIDER Model A Hot Rod roadster. S/N N/A. Orange/ white. 10 photos. Spencerport, NY. Listed as both a 1927 Ford Model A roadster and a 1961 Alfa Romeo Giulietta. The only thing visibly Alfa is the drivetrain. The fiberglass body appears nicely finished. Polished aluminum floor, mostly original but some replacement upholstery. Unkempt engine bay, with an even more unkempt chassis. Ugly, horrible exhaust system. Cond: 4. SOLD AT $8,260. While I rather like the Forward Look from Chrysler during 1955 and 1956, especially on the DeSotos, this was one car to avoid like the plague. Yeah, it's got a Hemi, but it's also got serious issues. The seller should be utterly ecstatic at unloading the pile, especially for the over-the-top money generated here. #120-1955 PACKARD 400 2-door hard top. S/N 55877607. Two-tone green/two-tone green leather. Odo: 43,850 miles. Factory tinted glass. Older repaint with orange peel. Good chrome, though most emblems are faded or tarnished. Original, dried and cracked weatherstrips. The interior leather is cracked in places, redyed in other places, and overall looks very tired. Minimal upkeep and cleanup miles. Dealer-installed Continental kit, ps, pb. Cosmetically refreshed in '89, with the repaint and interior still very sharp. The replated bumpers are good, as is most stainless trim, with only some pitting. The rear package shelf is not stock, nor are the modern seat belts and aftermarket gauges. Clean, stock engine bay, but not show quality. Non-stock dual exhaust system and dirty undercarriage. New shock absorbers. Cond: 3. SOLD AT $21,465. Other than a black and yellow one, this was perhaps the next best color choice for Editor Martin's idyllic '56 Mercury Montclair fantasy. Compared to the going rate for commensurate '56 Ford hard tops—let alone Chevys—Mercs represent a great lower cost alternative. I'd say this was bought well, if the new owner plans to cruise it to the occasional local show. #419-1957 FORD CUSTOM sedan. S/N A7PG188865. White & light blue/white & blue vinyl. Odo: 64,285 miles. Originally fitted with a 223-ci 6-cylinder, now has a generic Ford Y-block V8. Three-speed manual with O/D. Good body prep and paint, despite a few spots of light overspray. Non-stock hand pinstriping is good. Most stainless trim is excellent, but both bumpers are pretty rough. Freshly reupholstered new gauges, Honda radiator. 1 bid, sf 83, bf -1. SOLD AT $8,500. Sounds ass-backwards on paper. Obviously you're supposed to put the American engine in the Italian fiberglass body, capiche? In any case, this contrarian contraption looked great in photos, and might have sold for several thousand more in front of an (appropriately sarcastic and inebriated) audience. #4597884795-1973 ALFA ROMEO BERLINA 2000 sedan. S/N AR3001526. Gold/brown. 24 photos. Santa Ana, CA. The “Verde Olivia Metalazzo” repaint is described as “lustrous” and “chameleon-like.” Stock, blue-plate, rust-free California car restored nine years ago with a Wes Ingram engine/SPICA rebuild. The interior looks very nice. New tires, shocks, clutch, exhaust, battery, and water pump. 17 bids, sf 174, bf 0. Cond: 2. SOLD AT $12,989. Almost 90 days have gone by since this auction closed, yet the winning bidder still has zero feedback. Either the deal went through at three times retail, and these are some lazy eBayers, or—more likely—this wasn't a real bid. Though our guide says $3,500 is top dollar, a car this nice (even TMU) wouldn't have been out of line at $7,500. #4595910406-1974 ALFA ROMEO 2000 GTV coupe. in the engine bay. Torsion Ride front end is low. Cond: 4+. SOLD AT $9,858. As the only hard top from Packard's final years, nice examples tend to trade in the $25k to $30k range. Loaded with gizmos and gadgets, it's best to find a wellsorted car. Those who know how to deal with the Torsion Ride suspension can fix the listing front end, but it takes skill, time, and money, especially if the self-leveling motor needs to be replaced. This was all the money for a car with these needs. #20123-1956 MERCURY MONTCLAIR 2-door hard top. S/N 56LA49739M. White & yellow/white & yellow vinyl. Odo: 49,067 May 2006 seats and door panels to stock look. Shabby engine and bay paintwork. Non-stock dual exhaust system. Cond: 3-. SOLD AT $11,130. The first car my mom bought new was one of these, in this color scheme, too. Therefore, I'm probably one of a dozen people out there who would have any interest in a bottom-level '57 Ford 4-door. It seemed that at least two more of those dozen were here, however, as it not only met the $9,000 reserve, but exceeded it after a bit of cajoling. Not a bad car, but not a good buy either. The seller did well here. #44-1963 FORD FALCON Futura convert- ible. S/N 3H15U183010. Red/black vinyl/black vinyl. Odo: 32,570 miles. Expertly prepped and applied enamel paintwork, but windshield gasket is old and cracked. Most chrome is replated well, with trim highly buffed out. Good older reupholstery, but not to stock on the seats. Door and windshield. 22 bids, sf 154, bf 5. Cond: 2. SOLD AT $19,100. This car looked great. It's not a low-mileage, time-warp car or a true unrestored survivor, but a nice, clean occasional (Sunday?) driver. GTVs have been appreciating recently, and this well-maintained car deserves to ride that wave. The price befitted the condition. u 105 S/N AR3024771. Silver/black leather. Odo: 92,000 miles. 15 photos. Mesa, AZ. A two-owner car, described as “absolutely mint.” 92k documented miles. Repainted eight years ago, and still looks very nice. Factory a/c with a newer spider compressor. Two sets of orginal keys and 20+ years of service history. The engine was rebuilt at 55k miles. Recent valve adjustment and alignment. New Cromodoras, tires

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Column Author Silver Auctions Fort McDowell, AZ consignor needed a reality check. The 1966 models have yet to catch up to the values of ‘67s, and with no signs of an original engine this one will struggle to do that. The final bid was more than generous. #20330-1966 DODGE CHARGER fast- panel vinyl is starting to wrinkle. Aftermarket faux knock-off spinners on stock wheels. Clean underhood, detailed engine and plenty of matte black. Ditto the undercarriage. Cond: 2-. SOLD AT $13,674. Bid to $11,200 at MidAmerica Minnesota in September 2005 (SCM #39338). Here the reserve fell at $12k. Nothing changed with the car but the venue. And if anything, it seemed to run a bit rougher than it did several months ago. The consignor knew this was all the money, and was wise to let it go. #86-1965 FORD MUSTANG convertible. S/N 5F08F116654. Black/white vinyl/white vinyl. Odo: 1,381 miles. 260-ci V8, 2-bbl, auto. Optional a/c and power top. The paint looks to be buffed into submission. Door and panel fit is acceptable. Small rips at the top's edges. Original seats and wheel are yellowed, the worst in the rear. The engine needs a thorough detail by someone who knows how to do it. The V8 is hardly a powerhouse, but does run quietly and without fuss. Title delay. Cond: 4+. The guy who saw it at the country club? The Mustang Club of America? Hyperbole aside, while not correct, the quality of work done here is beyond reproach, so getting into this car at about $45k doesn't seem too bad. #51-1966 CHEVROLET CORVETTE coupe. S/N 194376S105148. Mosport Green/ black vinyl. Odo: 52,643 miles. 427/390, 4-bbl, 4-sp. Reproduction Goldline tires, with 3-prong spinner wheel covers on original rims. Factory AM/FM. Passenger's door is slightly out of alignment, and needs a good slam. Decent repaint, but with an uneven sheen throughout. back. S/N XP29H1233347. Black/white vinyl. Odo: 50,163 miles. 426-ci V8, 2x4-bbl, auto. Galen Govier docs show it's a real, numbersmatching Hemi. Consignor claims the mileage is accurate. Wears a good older repaint, which still shows well. Door and panel gaps are at least to Chrysler spec. Some mild scuffing on the original chrome and trim. The interior is good original, but for older replacement carpet. The engine is fitted with tube headers and electronic ignition, but all the stock components are included. Cond: 3+. SOLD AT $82,150. The strong interest in Hemis is in the second generation B-bodies, if for no other reason than “The Dukes of Hazzard.” As a result, first generation Chargers seem to be the cheapest real Hemis available. I personally think the first generation cars look a lot better, too. Then again, I also like Corvairs. With current Hemi Madness running rampant, I'll have to call this well bought. #92-1967 CHEVROLET CORVETTE SOLD AT $20,140. I've been looking for an early Mustang built in April, as I was born the weekend Mustangs were introduced. It turned out this car was built the day after my birthday, so I tried to justify adding one more car to my fleet. My target price was precisely $10k less than the sale price, so others were blinded by something worse than I was. Oh well. There's got to be a similarly date-coded Pagoda Green 289 4-sp. rag top out there just waiting for me. And in better shape, too. #93-1965 FORD MUSTANG convertible. S/N 5F08A251042. Tomato red/tan cloth/tan vinyl. Odo: 30,308 miles. 289-ci V8, 4-bbl, 4sp. Pony interior, ps, pb, pw, Rally Pak gauges and Rallye wheels on radial tires. Superb body prep and paintwork. All gaps are spot-on. Nicely fitted cloth soft top. Interior is fresh, with a professional, custom-built center console the highlight. Undercarriage and engine bay excellent, though the engine shows plenty of nonstock chrome. Runs and sounds right. Cond: 1. SOLD AT $46,110. Billed by the consignor as “the world's nicest Mustang,” I have to wonder: Says who? The consignor? His Aunt Thelma? 106 Sloppy, oozy door seal installation. Good quality replacement chrome and interior. Cond: 2-. SOLD AT $47,700. I had a strange feeling of deja vu with this car, though I did't find it in the SCM database. While somewhat devoid of options, and in a less than popular color, it still seemed to be a decent car for the money, bought correctly and within the market. #362-1966 CHEVROLET CORVETTE convertible. S/N 194676S104154. Medium blue metallic/black vinyl ST/black vinyl. Odo: 48,352 miles. 350/350, 4-bbl, 4-sp. Powered by a Vortec small-block, with plenty of chrome draped on it. Nice paint on an expertly prepped body. Most chrome and trim is aftermarket, though the original vent window frames show some pitting. Good door and hood fit. High quality replacement top and seating. Minor scratches starting on the soft top backlight. Factory AM/FM. Hurst shifter. Cond: 2. NOT SOLD AT $55,000. With a $70k reserve, the Underhood, all is neat and clean, though not concours. Recently installed, clamped exhaust system is the highlight of a clean undercarriage. Light smoke on start-up, but runs fine. Cond: 2. SOLD AT $44,520. A no-sale at McCormick Palm Sprngs in November 2005, failing at $43,500 (SCM #39910). A frequent flyer here, it failed first at $44k, then on Sunday at $45k. Third time's a charm, and it finally sold Monday to fellow auctioneer Dean Kruse. Tune in to see if it shows up later this year at Auburn. #542-1967 PONTIAC TEMPEST CUSTOM GTO Clone 2-door hard top. S/N 235177B121870. Red/black vinyl. Odo: 14,815 miles. 326-ci V8, 4-bbl, 4-sp. Low budget repaint Sports Car Market coupe. S/N 194377S115163. Red/black leather. Odo: 30,642 miles. 327/300, 4-bbl, 2-sp. auto. Tinted glass, ps, pb, a/c. NCRS Third Flight award in 2004. Superb paintwork, but in a nonstock hue. Excellent panel fit, but the hood sits high in front and low in back. Very nice interior restoration work, with almost no signs of wear.

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Silver Auctions Fort McDowell, AZ #33a-1970 CHEVROLET NOVA Yenko Deuce Clone 2-door hard top. S/N 114270W341361. Black & white/black vinyl. Odo: 72,476 miles. 427-ci V8, 4-bbl, 4-sp. Repro Magnum 500 wheels with new radials. Good body prep and paint, even on the fiberglass hood. Fresh or new chrome and trim. Professionally installed interior from a repro kit, with aftermarket stereo and underdash gauges. Very clean with lackluster masking. Cracked body filler in the passenger's B-pillar. Cracked, ugly bumpers, with peeling chrome. Some missing trim, the rest is dull and scratched. Newly installed GTO seat and door panel upholstery are the best parts of the car. Mismatched pedal covers. Grimy engine bay, with non-stock components added a long time ago. Crude, homemade dual exhaust. Cond: 4. NOT SOLD AT $13,500. This one looks like it was done up as a poseur back in the early 1980s, when you actually had to strip parts off of a dead Goat in a junkyard, instead of just waving your credit card at a catalog. This was just a bad car, and the consignor who passed on the chance to unload it for this gift should re-evaluate his priorities. #541-1969 PLYMOUTH ROAD RUNNER Hemi 2-door hard top. S/N RM23J9G191144. White/blue vinyl. Odo: 47,622 miles. 426-ci V8, 2x4-bbl, auto. Galen Govier documentation. Factory ps, pb, and Air Grabber hood. Mostly original paint, plus a few touch-ups, but rear quarters are fresher. Ding behind the passenger door emblem. Good original rubber, with some drying to right vent window seal. Replated bumpers, but other trim is nice original. Original head rests on reupholstered seats. Clean engine bay is mostly all Mopar. Cond: 2-. NOT SOLD AT $110,000. Rather heavily-optioned for the lower level Road Runner, this one was more akin to a GTX for equipment, not the least of which was the center console. One of the few real Mopars out here, and a tick or two better in overall condition. These 1968–70 B-bodies continue to increase in value steadily, so if the seller isn't in need of a fire sale, he was smart to hold onto it for now. engine bay, with more stock parts than most restorations. New undercoating. Cond: 2. SOLD AT $40,280. Bid to $36k and not sold at Silver Hot August Nights 2005. Here it failed at $35k, but was declared sold before the car behind it left the block. Real Yenko Novas look almost too outrageous, so the bogus ones naturally seem not to be right. Which is a good thing, as it's safe to assume that almost every Nova with Yenko markings is a wannabe. Once again, the sum of the parts equals the value. May 2006 107

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Silver Auctions Fort McDowell, AZ Column Author #39-1970 FORD TORINO GT fastback. S/N 0H35H126161. White, black & yellow/red & black vinyl. Odo: 15,865 miles. 351-ci V8, 4-bbl, auto. Originally fitted with a 2-bbl carb. Average repaint. Most trim is decent original, though the rear quarter window trim has some surface pimples. Inside is a cheap reupholstery job, with faded seat belts and dashboard cover. Mostly Ford underhood, with some generic small parts. Fresher undercoating, with a nonstock dual exhaust system. Cond: 3. SOLD AT $10,918. It's taken awhile, but the 1970 Torino is starting to get some respect and pick up in value. The consigning dealer, who has a penchant for Ford muscle, had detailed it only slightly, and made enough of a profit to be pleased. Even with a happy seller, however, the buyer did all right here too. #10500-1970 DODGE CHALLENGER R/T Hemi Clone convertible. S/N JM23G0B177579. Purple metallic & white/ white vinyl/white vinyl. Odo: 64,957 miles. 426-ci V8, 2x4-bbl, auto. Originally a 318 hard top, now with a 1970 date-coded Hemi and reproduction engine cradle. Factory-type options include wood wheel, Polyglas tires and Rallye wheels. No fender tag—big shock there. Good panels and body prep. Excellent paint and stripes, as well as professionally installed interior kit. Engine bay is done to be concours correct and all Mopar. Clean undercarriage. Cond: 1-. SOLD AT $125,080. When it crossed Originally a 350-powered Malibu. Repro cowlinduction hood. 17-inch Boyds wheels. Decent paint on the larger panels, but the A-pillars and other hard-to-reach places show bad prepwork. All trim and brightwork appears new, with some pieces missing. New replacement interior and original dashboard. Nothing spectacular about the undercarriage, even with the non-stock dual exhaust system. Cond: 3. SOLD AT $23,055. Notice the flapper for the cowl induction. It's supposed to be closed except when the motor is running under heavy acceleration. Like the rest of the car, it's not quite right. This is just another big-block poseur built entirely from a catalog with a garden-variety body as a base. The price was plenty for a car with entertainment value only. #1-1975 CHEVROLET COSWORTH VEGA hatchback. S/N 1V77E5U204257. Eng. # 0206. Black/black leather & vinyl. Odo: 41,613 miles. Generally good repaint with some light orange peel and decent decals. You might say “sympathetic restoration to 1970s GM build quality.” Rear window trim is dinged and Thunderbird chassis, powered by said T-Bird's 351-ci V8, and with bodywork based around a VW Beetle convertible, using its cowl and doors. The remainder is a custom-fabricated mix of steel and fiberglass. Tacky chromed script above the front bumper. Expertly installed interior, including embroidered door panels. The superb build quality suggests an extremely bored expert craftsman at work. Cond: 2-. SOLD AT $29,680. Initially ran Saturday to a no-sale bid of $30k. As far as any sort of subjective commentary—about the sale, about the car itself, about the motives behind it—I keep returning to the same question: Why? CANADIAN #36-1957 MONARCH LUCERNE 2-door hard top. S/N 363AK57570791. Black & white/black & white vinyl. Odo: 53,898 miles. Continental kit, dual rear antennas, dual exhaust, and “necker's knob” all give that '50s touch. Modern stereo and gauges. Claim of original paint is believable, with some blistering on left front fender top. Good original trim, with a few dings throughout. Vent windows are starting to bubble. Good original interior, with some wear on the seats and cracks in the wheel. the block on Saturday, it stalled at $125k, failing to meet the $150k reserve. On Monday, it once again fell flat, this time at $117k, but then sold almost immediately post-block. Perhaps we'll see this one in the not too distant future, back home again in Indiana? #24-1972 CHEVROLET CHEVELLE SS396 Clone 2-door hard top. S/N 1D37H2L533240. Orange Pearl & white/white vinyl. Odo: 64,775 miles. 396-ci V8, 4-bbl, 4-sp. 108 scratched. Door seals are fraying. Very good original interior cosmetics, though temperature gauge is broken. Mildly cleaned engine bay that has been maintained by Mr. Goodwrench. Cond: 3+. SOLD AT $4,770. Claimed original mileage, and easily believable. Especially since most garden-variety Vegas died by the time they'd come this far. Cosworths were mostly “enthusiast owned” when new, and were recreationally driven, so it's not too hard to find one. Sold for the going rate for a driver example with some needs. #102-1978 FORD THUNDERBIRD Duesenbird convertible victoria. S/N AZ211521. Black & silver/black cloth/gray leather. Odo: 2,061 miles. Arizona-assigned VIN. 1934 Duesy “replica” built on a '78 Ford Engine bay is original and generally acceptable. Cond: 3. SOLD AT $22,260. Bid to $21k both times it crossed the block, selling on Monday afternoon. The Mercury-based Monarch was a Canadian-market car, and should not be confused with the Ford-based Meteor. One wonders why Ford bothered with the Edsel, when all it had to do was bring those two models south of the border. Regardless, this was a neat car, and the new owner should have fun telling the curious that this is not a Mercury.u Sports Car Market

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Column Author Kruse International Avondale, AZ Variety and Value Rule the Day You rarely encounter a right-hand drive Rolls-Royce Phantom V at a U.S. sale, but Kruse had two Company Kruse International Date January 26–29 Location Avondale, AZ Auctioneer James Dice, Daniel Kruse, Dean Kruse, Jim Richie, and Frank Stapleton Automotive lots sold / offered 179 / 515 Sales rate 35% Sales total $5,960,196 High sale 1935 Auburn 851 Boattail, sold at $432,000 The wide open space of Phoenix International Raceway was just the place to host a sale Report and photos by Dave Kinney Market opinions in italics. L Avondale, AZ et's get one thing straight. The Kruse Scottsdale event held this year on the weekend following Barrett-Jackson Scottsdale is not held in Scottsdale. It's not even close to Scottsdale. My GPS tells me that Phoenix International Raceway, in Avondale, is 34 miles from Westworld. That said, PIR provides one heck of a venue for an auction. With acres of paved area, plenty of facilities, and room for a good-sized auction tent, the lot outside the track was just the place to stage a collector car auction, particularly one as large as the Kruse sale. On Thursday and Friday, the track itself played host to a series of races and race practices, so there was plenty of action to watch (and hear) when the prospect of 515 collector cars failed to hold your interest. Of those cars, 179 changed hands for a 35% sales rate, down a few percentage points from last year's tally. Total sales volume, on the other hand, was up, with a $1.3m boost over last year's $4.6m. There is a popular misconception among auction regulars that says the final January sale in Arizona must contain a large amount of no-sales from other events, or nothing but cars that didn't make the cut at other venues. In fact, this was far from the case, as the variety and quality of cars at the Kruse auction was very good. Despite the 110 occasional auction “frequent flier” and saw-it-last-week special, most of the cars on offer were fresh and attractively priced. For instance, you don't usually encounter a right-hand drive Rolls-Royce Phantom V at every sale, but Kruse had two of them, and each was handsomely presented. In the end, they were both no-sales, but it made for great conversation and contrast to see both a James Young and a Mulliner Park Ward example on the grounds. Some interesting cars that did find new homes included a European-market 1977 Mercedes 350SL. Nicely restored and ready to be driven for another 130,000 miles, it brought a bargain $6,804. And a 1954 Studebaker Champion Star Light—beautiful both in design and presentation—sold for strong money at $29,160. Auburns were well represented here, with a 1935 851 Boattail speedster claiming the top sale with an impressive $432,000 bid. After spending the previous weekend at Barrett- Jackson, a friend who came out to watch the proceedings on Saturday summed up the Kruse sale best. “This is a fun auction,” he said. “Where affordable cars rule the day.” Indeed, like any Kruse auction, there was something for everyone. When Mustangs mix with Mopars, and Studebakers share the spotlight with stagecoaches, you know the Kruse team will be there as well.u Sports Car Market Buyer's premium 8% (included in sold prices)

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Kruse International Avondale, AZ ENGLISH #754-1960 JENSEN 541R race car. S/N 541R4846011. Silver & black/black cloth. RHD. 327-ci V8, 4-sp with Hurst shifter. Paint on the fiberglass tilt front and body is as good as it is on the aluminum doors. No brightwork worth noting, but all trim is good. The interior sports two Momo FIA-approved racing seats and harnesses and a sparse racing-style dash with Sun instruments. The speedo face does not match the others. A very nice presentation. Cond: 2. NOT SOLD AT $75,000. Even though the event was held next door to the race track at Phoenix International, this was a real fish out of water. There just wasn't a race crowd in attendance. I'll take a stab and say that $75k sounded appropriate, but one can only assume the seller didn't agree. #713-1985 ROLLS-ROYCE SILVER SPUR sedan. S/N SCAZN42A6FCX12081. Creme/creme Everflex/creme leather. Odo: 55,483 miles. Your basic generic Rolls from 21 years ago in near standard colors and condition. Some touched-up paintwork, but the bulk is good overall. Very good chrome, and no issues noted on the vinyl top. Re-dye work to the leather, with lots of cracks to the wood veneer door caps. Looks to have been well loved but not babied. Cond: 3-. SOLD AT $24,840. Absolutely correct retail price in today's market on a car that would be easy to replace in better colors for this money. No harm done for the new owner, and if he's an Arizona local he's likely happy to have found one in a reflective light color as opposed to an absorbent dark hue. GERMAN #2802-1968 MERCEDES-BENZ 250SL convertible. S/N 11304312004720. White/blue HT/blue vinyl. Odo: 26,274 miles. One or two chips in otherwise good paint, but nothing serious. The blue hard top and blue hubcaps are a bit too socks-and-tie-match, however. Very good chrome bumpers, but lots of pitted small pieces. The vinyl—not MB Tex—looks like someone spent the afternoon in Nogales while his “just like original” interior was fitted. Dominator All-Season radials are a far stretch from OEM tires. Cond: 3-. SOLD AT $19,008. The only good news to report is that it looked like this car had been driven recently, so it didn't fall into the garage queen category. There's lots of redo work ahead for the next owner. Not cheap at this price. #758-1969 MERCEDES-BENZ 600 SWB limousine. S/N 10001212001258. Gold/green leather. Odo: 1,279 miles. The owner states the car has complete books and records. Equipment includes power everything, including sunroof, beverage bar, side curtains, and cruise control. Very good chrome, paint, and panels, with only the trunk lid fit off. Some delamination to the windshield glass. Good wood and leather inside. Fantasy Junction 1145 Park Avenue Emeryville, California USA 94608 Phone: (510) 653-7555 • Fax: (510) 653-9754 www.fantasyjunction.com Investments in special interest, classic and high performance cars 1934 Alvis Speed 20 SB. Cross & Ellis four seat tourer. With a light weight body, torquey 2.5 six, all synchro 4-speed and independent front suspension this is the perfect Pre-War event car. History, spares. $98,500. 1957 Chevrolet Corvette. Solid driver with engine, fuel injection, gearbox, distributor and generator verified Leo Dunn. Runs strong with good power and smooth transmission. $82,500. 1939 Bugatti T-57 Ventoux, s/n 57614. Very nice late production car with still sharp older Phil Reilly & Company restoration. Runs great and pleasure to drive. $289,500. 1955 Chrysler 300C. Two owner California “Black Plate” example of first letter year car. 331ci Hemi. Proven California finisher. Model 835 radio. Front seat by T. Goers. $48,500. May 2006 111

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Column Author Kruse International Avondale, AZ up something else with a soft top. That said, this less-than-perfect example brought big money. Let's chalk it up to the low mileage and that old nostalgia thing. #421-1991 MERCEDES-BENZ Cond: 3+. NOT SOLD AT $55,000. This was a handsome, likeable short-wheelbase model. There has been surprising movement in these whales lately, and some have changed hands for big money in the past few months. I'm not sure how much action there was at the podium, but this couldn't have missed by too much. Current 600 owners must be smiling a bit more than they were at this time last year. #418-1977 MERCEDES-BENZ 350SL convertible. S/N 10704310012953. Dark blue/ brown cloth & HT/tan leather. Odo: 129,652 miles. European model with a rare-in-the-U.S. 4-sp. manual. Euro headlights and non-federalized bumpers. Very nice paint and chrome. The windshield and all gaskets appear to have been replaced. Michelin tires are fresh, mounted on Mercedes chrome mags. Interior looks very have been well-maintained, with excellent paint and trim, and only minor fade noted. The interior looks nicer than the miles would indicate, and even the bolsters show little wear. Cond: 2. SOLD AT $25,920. With the AMG package and in the right colors, I would put this car into the well-bought category for an end user. Assuming this car would be worth $18k retail without the AMG toys added, the new owner got the options for a fraction of what the first owner paid. ITALIAN #2728-1984 FERRARI MONDIAL Quattrovalvole original, with tired carpets and some cracks on the leather. One small crack in the dash. No wood in this car. Cond: 3+. SOLD AT $6,804. This would have been an excellent steed for the vintage rallies I keep threatening to run, and I was the underbidder on it. My quick take on this car was that someone had spent serious money to make it as nice as it appeared. In my 'hood, the paint job alone would have exceeded the cost of the vehicle. A great buy. #759-1979 VOLKSWAGEN BEETLE con- vertible. S/N 1592042795. White/white/white. Odo: 56 miles. No a/c or radio. This must be one of the few remaining no-miles, final-year VW Beetle convertibles. This one appears a bit shopworn, with dull paint and brightwork, but it will cabriolet. S/N ZFFUC15A1E0050575. Gray/black cloth/parchment leather. Odo: 50,720 miles. Also ran as lot 465, a no-sale at $20,000. Presented prior to the sale with a nice coat of dirt. The original top is faded to gray, with plenty of wear, some holes, and a yellowed rear window. The paintwork, far from perfect, is likely the best part of the car, and might actually have some life left. Worn and tired interior, with scuffed and marked leather. Cond: 4+. SOLD AT $20,628. Even at a cheap price, this one wasn't cheap enough. Unless the new owner is handy with repairs, cosmetics, and taking care of other deferred maintenance, he just paid $20k plus for the right to spend more money. My advice would be to lock it in your garage, get it registered and tell all your friends you now own a Ferrari convertible. Let them guess what year and model. likely clean up. Visible wear to the interior, with lots of dirt that should clean. Cond: 2. SOLD AT $25,380. I don't fully understand the fascination with final-year Beetle convertibles. One drive will send you running to any dealership to pick 112 AMERICAN #811-1928 FORD MODEL A Rumble Seat coupe. S/N A175162. Green & black/tan cloth/ was Donald Allison, former Mayor of Auburn, IN. Features include a Schwitzer-Cummins centrifugal supercharger and 3-sp. dual-ratio transmission. Cond: 2+. NOT SOLD AT $175,000. Kruse Scottsdale might not have been the best place to retail this handsome classic, as most of the interest here was in later cars. I expect we will see this car again, possibly in Auburn, where the crowd might be more appreciative. That said, the high bid did not seem too out of line with the condition and current market. #793-1949 FORD WOODY Barris Kustom wagon. S/N 98BBA760895. Gold/tan vinyl & sheep skin. Odo: 13,625 miles. Started life as a 1998 Mercury Cougar. Now it's the Cougar Woody 2050. Ex-show car, introduced in 1999 at the Grand National Roadster Show. “40 coats” of hand rubbed pearl paint that now shows a few cracks where someone backed into the front end. Good elsewhere, though some trim is coming loose. Cond: 3. NOT SOLD AT $20,000. Also ran as lot 1006, a no-sale at $15k. Good thing the vendor stopped there; if it ran through any more, Sports Car Market 500SL AMG hard top convertible. S/N WDBFA66E2MF033581. Dark blue/dark blue HT/saddle leather. Odo: 61,030 miles. Owner says this is an original AMG bought new at Mercedes-Benz of Tucson. All power, C/D player, 3-piece AMG/BBS wheels with very aggressive Toyo tires, still with lots of life left. Looks to tan cloth. Odo: 3,472 miles. The older restoration is holding up well. Some paint chips have been retouched, but most of the paint is excellent. Some chrome shows light pitting, but the top is still very good. The interior is nice, but the cloth has a few moth holes. Highlights include a radiator guard, quail radiatior cap, side mount spares, wind wings, trunk carrier, and side mirrors. Cond: 3+. SOLD AT $16,524. No surprises on the sale result, but I wasn't the only person to notice those spares made it almost impossible to get in and out, as the doors didn't fully open. Definitely not a car for a big person, and a medium-size person might have some access problems here as well. Ah, the practical side of collecting. #2748-1935 AUBURN 851 Supercharged cabriolet. S/N 68S59938GH5008. Tan/brown cloth/light brown leather. Odo: 39,752 miles. Excellent paint and chrome on a thorough restoration that is only now losing its freshness. The top fits well and shows no flaws, and the interior still looks new, with only one slight wear area to the leather. Vendor claims the original owner

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Kruse International Avondale, AZ Missing windshield wipers, and some trim is loose. The older interior has nice seats and great gauges, but weak carpets. Cond: 4. SOLD AT $24,840. Not exactly tier one of collectible sports cars. If I had a Nash Healey I would certainly want one with a top that goes down. That said, it wasn't too long ago this was a sale-proof $5,000 car, so at least things are looking up. Well sold. #2733-1954 STUDEBAKER CHAMPION it might be free by the end of the weekend. Old show cars generally do not hold up to weather and transport as well as their production bretheren. Many were built to last a lunchtime, not a lifetime. The name presents a dilemma, as this isn't a 1949, a Ford, or a Woody, but an interesting Barris custom that will count eventually. #801-1953 NASH HEALEY Le Mans coupe. S/N 3002. Red/black/tan leather. Odo: 68,325 miles. Lots of needs here. The older paint is just okay, with some rough areas. Some pitting to most chrome, but the bumpers are good. brightwork, with perfect glass and replacement windshield. The sharp interior misses the mark only with carpet fit. Otherwise, this was nearly flawless. Cond: 1-. SOLD AT $29,160. One can only assume that restoring an average example to this condition would have cost the same or better as the high bid. Not cheap, but worth the money to have an excellent example of a successful design that has truly stood the test of time. Star Light coupe. S/N 1094731. White/red leather. Odo: 2,037 miles. This is the nicest restoration of a Raymond Loewy-styled coupe I have seen in years. If the door fit was better, it could have been a true #1 car. Excellent paint and #2692-1954 BUICK SKYLARK convert- ible. S/N 7A1124359. White/black vinyl/red. Odo: 3,276 miles. A much older restoration with plenty of flaws apparent. Wavy sides, with some dings and dents. Most chrome is tired, and some is rubbed through. The top has shrunk with age and now sits too tight. And the interior looks to be a 1970s replacement in vinyl. Cond: 4. NOT SOLD AT $74,000. Only a $60k restoration away from being a $125k car. The economics don't work too well here when it's easier to find a “done” example and move on, avoiding the heartaches and headaches of the task at hand. With this many needs, this car has to be bought for much less to be a financially viable decision. #776-1955 CHEVROLET BEL AIR 2-door hard top. S/N VC55S112826. Red & white/white/red & black vinyl. Odo: 16,303 miles. A mild resto-rod. 327-ci V8, with a floormounted 4-sp. and Hurst shifter. Excellent paint. Some brightwork has scarring, but most is good. May 2006 113

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Kruse International Avondale, AZ Column Author A stronger sale price than I might have expected in light of the door gap issues. I suppose that to most this would have been a #2- car, and if that's the case, then the sale price does not hurt. I stick with my #3+ rating because, without further restoration work, it has no national show-winning potential. #515-1966 FORD MUSTANG convertible. Waviness in the bodywork hurts the look. Fresh rubber gaskets and good glass. The interior is in the stock style, with nice carpets and seat vinyl and some pitting to the gauge surrounds. Cond: 3+. SOLD AT $27,000. With that shift kit nicely installed, this car looks like someone took a good bit of care in its redo. Neither fish nor fowl with the 327, so it's not a born-yesterday resto-rod or a '50s period piece. Just a good driver. Well bought if it drives as nice as it looks. #698-1961 CHEVROLET IMPALA con- vertible. S/N 11867S109173. Red/white vinyl/ red & white vinyl. Odo: 2,787 miles. A not-tooold restoration in need of a major cleaning and scrubbing. Great chrome and very good paint, with no obvious flaws. The top is dirty, but should clean up. The newer gaskets have grown some the restoration. The top is very nice and well fitted, but it has an incorrect rear window and is missing the vinyl bottom piece. Inside is tidy but not crisp. Cond: 3+. SOLD AT $19,440. Strong money, but not out of the range for a driver-quality Mustang convertible. I say pay more and get more: another $10k would have gotten you a better car with a V8. #778-1967 PONTIAC GTO 2-door hard fuzz that needs removal. Excellent, well fitted interior. Lots of dust and some dirt underhood. Cond: 3+. NOT SOLD AT $42,000. I don't fully understand what went on here. This car was no longer a #1 condition example, yet brought that kind of money on the block. Even after a heavy detailing, the best this car could hope for at this point would be a #2+. In passing on the high bid, I'd say the vendor made a mistake. #2737-1965 CHEVROLET CORVETTE convertible. S/N 194675S114429. Marlboro Maroon/black vinyl/black vinyl. Odo: 21,948 miles. 327/350, 4-bbl, 4-sp. Very good, professionally applied paint. Door gap problem on the passenger side, a flaw but not a fatal one. Most brightwork is very nice, as are the glass and gaskets. Clean, sharp interior, with a fresh teak steering wheel and replacement AM/FM/cassette in the dash. Cond: 3+. SOLD AT $49,680. top. S/N 242177Z114368. Burgundy/black vinyl. Odo: 27,119 miles. 400-ci V8, 4-bbl, auto. Owner claims it is a matching-numbers California car with Protect-o-Plate. Very good paint. Lots of small chrome issues, with some scratching, pitting, and dings. Inside is original cloth, with a good dash and door panels. Has “Factory” a/c. Cond: 3-. SOLD AT $5,076. An interesting footnote: There was a company called Factory Air Conditioning. So if you were to ask the car dealer if your potential purchase had “factory” air, he could answer yes even if it was an aftermarket hang-on unit. This car had air conditioning made by Factory. A good weekend cruiser, and cheap wheels for someone looking for something different. #2746-1968 SHELBY GT500 fastback. but quite dull; a thorough cleaning and reassemble would be a big help. Cond: 3. NOT SOLD AT $23,500. This car was full of potential, and a detailer could make magic happen with it. With an apparent good history and obvious good equipment, this is a car the public would want to buy if it were presented in a more finished and cohesive state. #761-1967 CHEVROLET CORVETTE coupe. S/N 194377S10590. Lynndale Blue/teal blue vinyl. Odo: 69,864 miles. 327/300, 4-bbl, 4-sp. AM/FM, a/c, ps, pb, pw, thin whitewall BF Goodrich Silvertown tires. Owner says it's a numbers-matching car with original mileage and just 42 miles since the restoration completed in February 2005. The fresh paint and chrome are well done, with some non-addressed gap issues to the passenger door. Cond: 2-. NOT SOLD AT $55,500. Just the equipment you are looking for 114 few non-original pieces in an otherwise excellent interior. Cond: 2-. SOLD AT $112,320. The new owner, a dealer, paid up to take this one home. I ran into him a few weeks after the sale and he confirmed he had sold this car for a healthy profit. What seemed expensive six months ago is now the market price. Sports Car Market S/N 8T02S17362701920. Black/black vinyl. Odo: 34,660 miles. 428-ci V8, 4-bbl, auto. Claimed to be a two-owner Colorado car, with original mileage, and one repaint in 1994. Very good paint and chrome, and overall a nice appearance. A S/N 6R08T109463. Light blue/white vinyl/black vinyl. Odo: 98,779 miles. 200-ci I6, auto. An unusual combination of equipment, with the a/c and bench seat. Nice paint to driver or better standard. Most chrome is very good, though the vent doors are weak and got missed during on a small block coupe, with good colors and the right transmission. I don't disagree with the owner holding out for more, however, squeezing out that last few grand might be tougher than he thinks with the gap issues present. A very nice example, well fettled and ready for show or go. #436-1968 AMERICAN MOTORS RAMBLER AMERICAN 2-door hard top. S/N A8A060A236237. White/black cloth & white vinyl. Odo: 48,302 miles. 199-ci I6, 1-bbl, auto. Looks to be a home-done restoration, and not too big in the quality department. Good paint, with some dings and one dent still visible. Some chrome is good, but the rest is scratched and pitted in places. Good glass. Decent tires. The seats are recovered in non-original-style

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Column Author #705-1969 PLYMOUTH ROAD RUNNER Kruse International Avondale, AZ Hemi 2-door hard top. S/N RM23J9G191144. White/blue vinyl. Odo: 47,697 miles. 426-ci V8, 4-bbl, auto. Vendor states that 80% of the paint is original on this survivor. I'll agree, but the block is a replacement. The paint is good, and the chrome is very good. Underhood is detailed well but not overdone. The car is said to have has so many obvious needs that I doubt it won't become a treasure trove of hidden needs as well. If the nicest '70 Olds Cutlass hard top in the world is worth an arguable $15k, this was no bargain at a third of the price. Perhaps someone wanted dry southwestern sheet metal and was willing to pay the price. #401-1970 DODGE CORONET R/T con- vertible. S/N WS27U0G234622. Red/black vinyl/black vinyl. Odo: 66,013 miles. 440-ci V8, 4-bbl, 4-sp. Complete with bumble bee stripes, spoiler, side vents, and air induction hood. Nothing on hand to indicate if these things are original to this car. Good older respray. The top had a drag race history, which helps, but the column shift automatic doesn't help. Clean interior, though the driver's seat looks to have a broken back. Cond: 3. NOT SOLD AT $110,000. Valuing any Road Runner in today's market is tough. When it has a claimed race history, a replacement Hemi block, and an automatic, you have a Trifecta of valuation problems. The high bid sounded quite fair to me. #777-1970 CHEVROLET CHEVELLE SS 396 2-door hard top. S/N 136370K186895. Dark green & white/black vinyl. Odo: 16,087 miles. 396-ci V8, 4-bbl, 4-sp. Factory a/c, but needing a new compressor, cowl induction, ps, pb. Very nice paint, graphics, and chrome. Some trim is not up to snuff, bringing the overall quality down. Stock appearance to the well-fitted faking it, you might as well do the best you can. Cond: 2-. NOT SOLD AT $75,000. Perhaps the excitement over clones ended the previous weekend, or perhaps this was a crowd more interested in the real thing. The market continues to send mixed signals on fake Mopars. In some venues they remain hot, but here the temperature was much closer to tepid. BEST BUY is much older, and is pulling back. The stock interior is older as well—perhaps original—but appears to be clean and decent overall. Cond: 3. NOT SOLD AT $45,000. If the car was real and the bid was real, I'm surprised the vendor passed on this price. This was a solid #3 car that garnered a solid #2 offer. Without a plethora of paperwork to prove otherwise, it's wise to assume options that could have been added easily probably were. #459-1971 FORD TORINO Cobra fast- back. S/N 1A38M115590. Red & gold/black vinyl. Odo: 96,111 miles. 351-ci V8, 4-bbl, 4-sp. Orange peel throughout, likely just a bit worse than when it left the factory. It will buff out when the next owner decides to do it. Very good graphics, chrome, and glass trim. Very nice and very interior, with a good dash. The console is scarred a bit. Cond: 3+. SOLD AT $29,376. A good buy with a great upside. The parts available from an 800 number, plus some spit and polish, will make this car into a #2- and increase its value subtantially. Factory air is a big help, so spend a few dollars and get the compressor fixed while you are at it. #473-1970 OLDSMOBILE CUTLASS Supreme 2-door hardtop. S/N 34250Z134852. White/black vinyl/black cloth & vinyl. Odo: 63,858 miles. 350-ci V8, 4-bbl, auto. A used car. Plenty of overspray on most everything. Paint and chrome are better than poor, good in some places and fair in others. This car wins the Driest Gaskets of the Decade Award. The worn interior includes such goodies as broken door lock buttons. Cond: 4-. SOLD AT $6,696. It's tough to understand the motivation for buying this car. It stock interior. The Grand Prix GT radials with raised white letters look and are cheap. Cond: 3+. SOLD AT $20,628. When all the minor problems are addressed, this car will make someone a nice driver for reasonable money. These small block cars tend to sell for half the price of their 429 cousins. No bargain, but in today's market, it seemed harmless. #509-1972 PLYMOUTH 'CUDA Hemi Clone 2-door hard top. S/N BH23G2B12749. Sublime Green/black vinyl. Odo: 2,231 miles. 426-ci V8, 4-bbl, 4-sp. Started things as a 318. Very nice paint, with gaps better than when new. Excellent chrome and good graphics. As-new glass, with fresh gaskets. The interior is the correct style and well done throughout. When you're 116 are dirty but excellent. The dry Vogue Tyres look like they were factory-installed years ago. The interior is acceptable, but far from spotless. Cond: 3-. SOLD AT $9,288. The best buy I saw all weekend. Excaliburs of this era seem to be coming out of the woodwork; perhaps it's the right time for original or long-term owners to move on. With an extensive clean-up and some heavy detailing, I could see this car retailing for twice this amount. #836-1988 AVANTI CONVERTIBLE. S/N 12AAV2238J1000271. White/white vinyl/red leather. Odo: 44,386 miles. Your typical playedout, ready for auction Avanti. The dull paint is nonetheless good, with tired brightwork, but good blackout trim. The windshield is wiperscratched, and the top is dirty, with a cloudy rear #440-1973 EXCALIBUR PHAETON convertible. S/N 736234. Silver & red/red vinyl. Odo: 50,900 miles. Looks just like you might imagine a 50,000-mile, 33-year-old car to look. The silver paint appears mostly original, with some chips and touch-ups present. The brightwork has some discoloration, and the taillights are cracked. The Borrani wire wheels window. Inside, the faded carpets are loose in places, and the driver's seat shows lots of wear. Cond: 4+. NOT SOLD AT $13,600. Also ran Sports Car Market

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Kruse International Avondale, AZ as lot 1013, a no-sale at $18,000. The Kelly-era Avantis were built on Chevrolet chassis and, to me at least, lost much of the panache of the earlier hand-built examples that ended in 1985. The 1987 and '88 convertibles had an ungainly looking soft top when compared to the 1985 models (three built) and the later convertibles. Had I been the seller, I'd have gladly let it go at the $18,000 bid. #719-1996 CHEVROLET CAPRICE sedan. S/N 1G1BL52P5TR138360. Gold/black cloth/gold & black leather. Odo: 106,676 miles. Former star of MTV's “Pimp My Ride.” This whip looks like it started life as a police car, and now is totally redone. Bejeweled dubs, low profile gums, lowered, and still has twin working spotlights. The paintwork is very nice, though some parts are lifting. Interior is clean, with nice leather and carpets. At least five DVD screens and, best of all, an oxygen bar. Cond: 3-. SOLD AT $14,580. I was actually surprised by the build quality seen here. It wasn't exactly Lexus, but it wasn't bad. With the television shows that do instant transformations, the emphasis is on flash, not how long it will last. Sold at substantially less than the cost to reproduce it, and absolutely the best car I've ever seen with a built-in oxygen bar. Your car, Mr. Carlson. #503-2003 CHEVROLET CORVETTE 50th Anniversary convertible. S/N 1G1YY32G335102139. Burgundy/tan cloth/tan leather. Odo: 4,900 miles. 5.7L, 350-hp, auto. A generic, low miles 50th Anniversary Corvette in the expected colors and with all the expected equipment. No flaws noted to the body or interior. No longer new, but still appearing close to fresh. Cond: 2. NOT SOLD AT $40,000. Assuming that an excellent example with no stories is a $42k to $43k retail piece, I see no advantage in buying this car at auction where, with commissions added, we would be fully priced. The market still has plenty of these on offer, and this one just wasn't special enough to make any potential buyers pull the trigger. #1048-2006 FORD GT coupe. S/N 1FAFP90S6Y400038. Dark silver & light silver/black leather. Described as having all available upgrades. As new, with no flaws noted. This is a 2006, not that it seems to make a good bit of difference right now. Cond: 1. SOLD AT $179,280. With both 2005 and 2006 models available, the smart money will head to the later cars. This sale was held before Ford announced the discontinuation of the GT, so it could very well be that these prices have a chance of holding for a while. Yes, it's well above list, but if this was your color and you had to have it now, it wasn't such a bad deal.u SCMGOLD? What is SCM GOLD membership gives you access to over 40,000 auction records. Each month in the magazine, we deliver reports from auctions around the world on what sold, for how much, and why. Only part of what our auction analysts turn in makes it to print, but every car they report on is available online to GOLD members. Everything You Get With GOLD Membership: Full Access to Thousands of Online Auction Reports Gold-Only Emails Informing You of Insider Information and Updates on Sales from Around the World Access to Our Full Online Price Guide Invitations to Special Events and SCM Gold-Only Offers Sign up online at www.sportscarmarket.com Just $7.95 a month or $60 a year May 2006 117

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Bonhams London, UK Column Author Important Collectors' Motor Cars Bonhams put on a good show at Olympia, thanks in no small part to a handful of impressive consignments Company Bonhams Date December 5, 2005 Location London, U.K. Auctioneer James Knight Automotive lots sold / offered 48 / 80 Sales rate 60% Sales total $4,098,906 High sale 1970 Lamborghini Miura, open for business Report and photos by Richard Hudson-Evans Market opinions in italics. B London, UK onhams has never failed to provide a good show at its end-of-season Olympia sale. And with a strong catalog of vintage and antique machinery for its 2005 edition, the firm continued its winning ways. Though total sales volume and sell-through each dropped off from last year's figures of $5.8m and 81%, respectively, by most accounts the numbers still made for a highly successful sale. This was due in no small part to a handful of impressive consignments, including a rare and highly desirable right-hand drive 1959 Jaguar XK 150S 3.8L roadster. Separating itself with some authority from its 3.4L and even 3.8L fixed-head and drophead siblings, it achieved a substantial $152,932. The sale also featured a pair of Lamborghinis, and though it's difficult to imagine upstaging a 1970 Miura P400S that brought nearly $305k, an even rarer machine did just that. Bonhams thrilled Lambo enthusiasts around the world when it announced the discovery and subsequent consignment of the 1966 400 GT Monza, a mysterious car many of those same enthusiasts doubted still existed. A one-off with long, flowing bodywork by Neri & Bonacini, it was presented as completely original, with just 7,000 km on the clock. When the gavel fell, it busted through the top estimate of $210k to sell for $307,075. That should leave the buyer with the rather unenvious dilemma so often encountered with well-preserved “lost” cars. What to do now? Outshining them all, however, was the sale's top draw, a 1938 Mercedes 540K. The elegant Cabriolet A, profiled 118 1938 Mercedes-Benz 540K Cabriolet A, sold at $1,030,215 Buyer's premium 15% on the first $51,900, 10% thereafter (included in sold prices) in SCM by Raymond Milo (April, p. 50), served as the catalog's cover car, and it attracted a steady crowd during the preview. Healthy bidding saw it eclipse the milliondollar mark, with premium. And with its full ownership history, older but expertly done restoration, and brief stint on the 18th fairway at the 2002 Pebble Beach Concours, the buyer landed himself a usable, historic automobile. The auction was not without its no-sales, however, and one of the more high-profile casualties was a 1927 Bentley 4½-Liter. Formerly a Weyman saloon, but now sporting Vanden Plas-style touring coachwork, marque purists seemed to disagree both with the transformation and the $380k reserve, and the bidding fizzled out at $355k. Also failing on the block was a near-flawless 1955 Alfa Romeo 1900 SSZ. Estimated appropriately for its history and condition at $310k, here it played to the wrong crowd and stalled at $276k. The stark reality of the collector vehicle market—on the east side of the Atlantic, anyway—is that competition among the various auction houses makes securing topnotch consignments a most difficult task. While there will never be a shortage of dross, only the strongest firms will make headroom in this ever-competitive business by making available the cars discerning collectors want. To this end, Bonhams has generally succeeded. And despite the lower rate of return on the offerings at its 2005 fixture, these results had less to do with the cars than with the assembled bidders. In a business that aims to match the perfect car with a counterpart owner, they can't all be hits, though certainly most did not miss by much.u Sports Car Market

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Column Author Bonhams London, UK ENGLISH #661-1900 MMC 6 HP Charette rear- entrance tonneau. S/N 290. Eng. # 343. Green/black. RHD. Returned to original spec during a 1996 resto. Unlikely to be an all-original body, but nicely replicated by an unknown coachbuilder. Good history, with many London to Brighton runs. Thickly repainted, with event Most history from new is fully charted. Cond: 2+. SOLD AT $24,869. The 1650-cc Alvis is a popular pre-war sporting car, and not without its fans. Bags of authenticity and a sensibly pitched estimate secured this sale, which came about $4,000 above estimates. A cheap thrill, nonetheless. #635-1936 LAGONDA LG45 4-seat tourer. wear throughout. Clean interior, with the exposed controls well-presented. The Daimler V-twin is fair, cosmetically. Cond: 2+. SOLD AT $198,950. With dual ignition—hot tube and trembler coil—this car represented the Motor Manufacturing Company's zenith. Although unsold under the gavel at $181,650, an aftersale with another $17,300 concluded things nicely. Historically important, and priced accordingly, but fairly. #668-1927 BENTLEY 4½-LITER 4-seat tourer. S/N SL3059. Eng. # SL3059S. British Racing Green/black/green. Odo: 110 miles. Started life as a Gurney Nutting Weyman sedan. Mileage since the complete restoration, which saw it become an H & H-bodied Le Mans-spec racer with leather-trimmed open coachwork. Extensive history, with the chassis dated by S/N 12004. Eng. # 12004. British Racing Green/ black/green. RHD. Odo: 8,562 miles. One of only 25 LG45 tourers built. Mechanical overhaul and engine rebuild in 1994, with a cosmetic resto at some time, likely before that. Shabby top fabric, and a large bubble on the scuttle, The hood's edge is very chipped, with some splits at the trunk lid corners. Much leather is purchase, I thought, considering the 3-wheeler's bitsa history, no matter how well done. However, Matchless-powered Morgans have always been preferred by enthusiasts to those with JAP or Ford power, so perhaps that fuelled the buyer's choice. #627-1953 BRISTOL 404 coupe. S/N 4042006. Eng. # 100D21116. Green/beige leather. RHD. Odo: 81,605 miles. One of only 52 built. Originally fitted with a BMW I6, but updated in the 1960s with a more powerful 100D2 Aceca engine and front discs. Bodywork and paint were nicely refurbished in 2005, with excellent chrome as well. The original leather looks and is much sat-upon, with plenty of cracks. Acquired at Brooks Olympia in 1997 for $27k (SCM #8244). Cond: 2+. SOLD AT $51,727. Built as Bristols were—by hand and to aircraft standards—there weren't many to go around, and they weren't cheap. Once upon a time, it was thought the engine and brake updates hurt this car's value. But here it fetched $8,500 above forecast. With the nice cosmetics, I'd say the upgrades played a good part in that. #623-1956 AUSTIN-HEALEY 100-4 BN2 scuffed, and the wood could be fresher. Cond: 2-. SOLD AT $86,327. As a more advanced and refined iteration of the M45, with synchromesh and centralized chassis lubrication, the LG was quite popular with monied motorists of the day. No doubt much better sorted mechanically than cosmetically, this example still fetched $8,650 above estimate, and is perfectly suited to being driven and enjoyed. #610-1938 MORGAN MX2 Super Sports the Bentley Drivers Club. Many new items throughout, including the crankcase, original Ctype gearbox with overdrive, and the concealed modern dynamo. Mint but authentic. Cond: 1. NOT SOLD AT $354,650. Despite the undoubted high quality of the work done, marque purists would turn their noses up at the extent of the rebuild. Hence, nobody was prepared to come up with the $380k required to take possession. #621-1932 ALVIS 12/50 HP drophead coupe. S/N 9777. Eng. # 14634. Blue/black/ blue. RHD. Odo: 53,600 miles. Chassis-up rebuild in the early 1990s, and last saw a road 2003. Overall, it is a well-detailed resto, but the paint now shows shrinkage and several marks. The interior is clean, with a very nice patina. 120 old paint is blemished, and most chrome is scratched. Clean interior. The Matchless V-twin is well-detailed and converted to run unleaded fuel. Cond: 2-. SOLD AT $41,780. While certainly not over-priced, this was a generous roadster. S/N 1272. Eng. # MX4894. Dark blue/red. RHD. Odo: 38,736 miles. A wellexecuted build by the late owner from a kit of some original parts. Much travelled throughout the U.K. and Europe since the completion. The sale, it is absolutely unmarked throughout, with a well-detailed engine bay. Cond: 1. SOLD AT $44,764. Even at nearly seven grand over estimate, in this shape, and sporting a registration attractive to the U.K. market (URT 7), this concours BN2 represented a middle-of-the-road buy in the still-pulsating Healey market. Well bought. #662-1957 BENTLEY S1 CONTINENTAL saloon. S/N BC17DJ. Eng. # EC16D. Rose Quartz Metallic/tan leather. RHD. Odo: 14,176 miles. Fully restored by Fullbridge from 1991 to 1997, with receipts to the effect totaling $64k. All panels are unmarked, with excellent fit and Sports Car Market roadster. S/N BN2232336. Eng. # 1B232336M. Red & black/black/black. RHD. Odo: 342 miles. A home-market car, restored in the early 1990s to a concours-winning standard. Claimed to have been stored since then in a temp-regulated garage. Freshly recommissioned for the

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Bonhams London, UK tolerances all around. Externally and internally spotless, with a handsomely detailed engine bay to complete the look. Cond: 1-. SOLD AT $57,696. Considering the obvious high standard of work done and the absence of any apparent deterioration within the last eight years, this James Young-bodied Continental was an excellent value for the money paid. #665-1959 JAGUAR XK 150S 3.8L road- ster. S/N T820056DN. Eng. # VAS10119. British Racing Green/pale green leather. RHD. Odo: 7,183 miles. Rare in RHD, and even more so as a 3.8 roadster. Restored in the early 1990s, with several Jaguar Drivers Club awards attesting to the quality of the job. Even now the older repaint is little marked, though it is polish-scratched. The interior and engine, both grubby, would respond easily to clean-up, and mechanical recommissioning will be required in the near future. Cond: 2. SOLD AT $152,932. Even allowing for the $86,500 top estimate being pitched seductively low, this was a bullish performance by a rare example of the most sought-after of all the 150 variants. It illustrates well the premium placed on the roadster over the FHC and DHC 3.8 models. Well sold. BEST BUY #624-1959 TRIUMPH TR3A roadster. S/N TS37866. Eng. # TS22911E. Black/ black/black leather. RHD. Odo: 42,437 miles. Treated to a $48k resto in 1997, with only 4,500 miles since. Few marks to the paint, chrome, and interior. Non-standard wood dash, factoryoption brake servo. Cleanly detailed engine bay. Cond: 1-. SOLD AT $22,232. Though it went unsold under the gavel, it was hard to imagine any Triumph enthusiast letting this one get away. Still looking fresh and quite handsome with its body-color knock-off wires, it was snapped up after the fact for a bargain price. #644-1960 ASTON MARTIN DB4 Series 1 coupe. S/N DB4209R. Eng. # 370228. Aston Martin Racing Green Metallic/beige leather. RHD. Odo: 39,678 miles. Mechanical rebuild in 2002 by Newlands Motors, with the 3.7-liter I6 bored to 4.2 liters, and many bits (electrical system, radiator, fans, power steering) upgraded May 2006 121

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Bonhams London, UK Column Author with more modern systems. All paint and chrome are unmarked. Seat leather is slightly darkened, but the engine bay is clean. Cond: 1-. SOLD AT $116,389. Bid to an unacceptable $110,700 during its turn, this spotless and more user-friendly DB4 sold post-block for what was still about $5,000 below the forecast. Well bought. #630-1962 JAGUAR XKE SI convertible. S/N 877550. Eng. # 621529. Red/black/beige leather. RHD. Odo: 18,630 miles. Originally a left-hooker California “black plate” car. Converted to RHD during the late 1980s resto, with all original panels retained. Still very clean Previously, it sold with four fewer miles for $23k at Bonhams Olympia in 2003 (SCM #31805). Well bought, but the new owner should probably expect more of the same depreciation should he choose to preserve it. Drive it, man! #660-1988 SPICE-COSWORTH SE88 inside and out. Mechanically updated with a bigvalve head, all-synchro gearbox, stronger brakes and adjustable suspension. Claimed to develop 220 hp at the back wheels. Cond: 1-. SOLD AT $69,200. A Cat that's seen a few lives, as well as a few configurations. Though far from original, this car retained much of the spirit while coming off as a more liveable example. As such, the money paid to secure it valued it correctly. #620-1964 ASTON MARTIN DB5 coupe. S/N DB51711R. Eng. # 4001709. Silver Birch/red leather. RHD. One of 1,021. Freshly restored and cosmetically mint, right down to the chromed wires. The engine was enlarged to 4.2 liters in 2002, with high-lift cams, a limited- with receipts, and much-evented since in “historic” Group C GTP. Listerine livery, hi-rise LM rear wing. Generally event-marked, with the nose and air dam much peppered. Currently maintained by Phil Stott. Cond: 2+. SOLD AT $230,955. Gordon Spice and Ray Bellm created a lion with this car. Along with that powerplant, it was nearly unbeatable for a long time. For those with a penchant for prototype racers of the not-too-distant past, there aren't many with a better pedigree. Correctly valued by all concerned, and I don't imagine its career is over. #664-1993 JAGUAR XJS convertible. S/N slip differential and a Harvey Bailey handling kit. Cond: 1. SOLD AT $171,962. DB5s that haven't been driven by James Bond don't really come much better than this. In fact, it's probably safe to say this one has never even been shot at. Well bought at this price. #653-1974 TRIUMPH GT6 Mk III coupe. S/N KE239390. Eng. # KE021506HE. Mimosa Yellow/black. RHD. Odo: 49,324 miles. Triumph's mini “E-type,” formerly in the Patrick Collection. Received a concours resto in 1989, and is still spotless above and below. Claimed that the chassis and suspension have never been subjected to nasty English weather. Cond: 1. SOLD AT $17,110. If you could live with the color and a potentially floppy fabric sunroof, then this is probably the sharpest survivor from the last of the GT6 line this side of the Atlantic. 122 SAJJNAFD7EJ189560. Eng. # 9EPCNA179038. Red/antelope leather. RHD. Odo: 153,574 miles. A one-owner car maintained by a single dealer. Partially repainted to good effect, with only a few marks. New top, with a good fit and finish. Nice original leather, and good refurbished alloys. Cond: 1-. SOLD AT $10,345. Even at the top estimate, and despite its high mileage, this factory-opened and apparently well-maintained XJS was well bought. leather, wood, and brightwork are in lovely order, with matching fitted luggage. The big straight 8, bay, and exhausts are show finished. Lovely chrome wires shod with dirty whitewalls. Cond: 1-. SOLD AT $1,030,215. The new Spanish owner fought hard from his front row seat, matching the forecast price for this very Third Reich cabrio with elegant bodywork by the factory's own coachbuilders. A nice car from a fascinating era, and priced within the market over the last several years. For more information, see the German Profile in the April 2006 SCM. #686-1964 MERCEDES-BENZ 300SE convertible. S/N 11202322005915. Eng. # 18998722000138. Green/black/beige leather. RHD. Odo: 84,800 miles. Only two owners, Sports Car Market Group C2 race car. S/N SE88C003. Blue & white/black. RHD. 3.9L Cosworth DFL, Hewland DGB transaxle. Manufactured and raced by Gordon Spice at Silverstone to contest the World Sports Prototype Championship in 1988. Took C2 Class victory at '88 Le Mans, plus five other venues, to win C2 Championship. Highly successful through '90. Fully restored, FRENCH #632-1902 RENAULT TYPE G rear entrance tonneau. S/N 187. Eng. # 7773. Blue/black leather. RHD. Almost certainly a replicated body to factory specs. Early history is unknown, but it changed hands in New York in the early 1950s, then went to Illinois, Florida, and Michigan. More recently part of the late American Motors VP Dick Teague's collection, who likely helped to restore it. Freshly evented, with well-detailed mechanical bits, including the 864-cc De Dion motor. Good leather and wood, with solid tires in white rubber. Cond: 1. SOLD AT $73,871. This was a fine example of the final Renault to be De Dion-powered, after which the company would build its own engines. Its gilt-edged U.S. history and super condition, plus its London—Brighton eligibility, combined to achieve this big result. Well sold. GERMAN #649-1938 MERCEDES-BENZ 540K A cabriolet. S/N 169397. Eng. # 169397. Silver/ black/dark blue leather. Odo: 65,463 km. First owned in Paris, then shipped to the U.S. postWWII. Received a full resto before Pebble Beach 2002, and was more recently returned to the Fatherland. Both paint and chrome are mint, as are the huge Bosch horn trumpets. Interior

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Bonhams London, UK Column Author the latest since 1996. Both front fenders and bumpers were renewed some time ago, with the repaint and rechrome from then still clean. The original leather is acceptably cracked for the age and usage. Claimed to have run well in a pre-sale demo. Cond: 2. SOLD AT $30,837. Apparently sound structurally and certainly well-presented cosmetically. With styling and style dating back to the late 1950s, this imposing Stuttgart drop top sold for a bit of a bargain. Another seven grand would not have been out of line. ITALIAN #687-1955 ALFA ROMEO 1900C SSZ coupe. S/N AR1900C02056. Burgundy red/ beige leather. Odo: 7,000 km. Ownership history from new. Original engine was swapped for a 2000 Sprint unit in '61. Mileage since Paolo and Nino Epifani resto in the late '80s. Pebble Beach third in class in 1990. Re-restored in 2001 and won the Alfa class at 2003 Het Loo Concours. Also shown at Villa d'Este in 2005. of Ferraris, this Lambo was multi-bid until the hammer fell, fully $70k above the high estimate. As with all rare time warps, however, the dilemma for the new owner will be whether to leave it as-is, carry out a sympathetic makeover, or commission a full resto. Regardless, marque enthusiasts and aficionados alike are happy to have it back among the living. #643-1970 LAMBORGHINI MIURA P400S SV-spec coupe. S/N 4443. Eng. # 30470. Rosso Corsa & Honda Sunflash Gold/black leather. Odo: 42,361 km. Japanese resident from 1976 to 1996. The three-year resto and exhaustive mechanical and cosmetic upgrade to full SV spec was completed in 2005. SV authentic looks, with electronic ignition well-disguised RHD. Odo: 6,966 miles. Original mileage. Cosmetically and mechanically still very sharp, with paint, trim and leather almost unmarked. Freshly serviced, with all belts renewed. Cond: 1. SOLD AT $56,701. This low-mileage wedge was priced correctly here. But will the new owner dare to put any severely depreciating miles on it? #626-2000 QVALE MANGUSTA Prototype hard top convertible. S/N ZF498M00000010003. Pearlescent red/tobacco leather. RHD. Odo: 640 miles. One of 278 built, 18 of which were for Euro consumption. The sole RHD prototype, with dash and taillights unique to this car, as well as the larger diameter inside the distributors, split-sump for engine and transmission oils. The list goes on. Only minor imperfections to the body and alloy's paint. The windshield is wiper-marked, and the interior is acceptably worn. Cond: 1-. SOLD AT $304,826. Although unsold “live” after an insufficient $280k had been bid, this conscientiously renovated Miura with SV upgrades sold post-haste post-block for just over the low estimate. Worth it. Paint, brightwork, and leather are all perfect, with immaculate detailing. Unmarked Plexiglas all around. Restored Nardi wheel and gearshift linkage. Comes with a period-correct 1900C SS powerplant. Cond: 1. NOT SOLD AT $276,800. The vendor was hoping for a price between $310k and $350k, which may have deterred bidders, most of whom were in the ring for cheaper fare. Nothing present matched this car for quality or presentation, as this is likely the finest example of the Orazio Satta-conceived post-war Alfa to come to market recently. #629-1966 LAMBORGHINI 400 GT Monza coupe. S/N 01030. Amaranto Metallic/ black leather. Odo: 7,138 km. Built by Neri & Bonacini on a 400 GT platform, and with that car's powerplant. Original mileage by a single owner. Last driven in 1970, when it was stored and largely forgotten. Extraordinarily original, and recently a Lambo Museum exhibit. The V12 was made to run during a recent mechanical check-out, with the paint and interior sympathetically cleaned up. Some chips are touched-up, and the scuttle is microblistered, though the leather is well-preserved. Cond: 2-. SOLD AT $307,075. An even more attracitve and seductive shape than the “Nembo” series 124 the driver's side jamb is scuffed. The Cromodora alloys have been freshly refurbed and look good, and the leather is clean. Cond: 1-. NOT SOLD AT $176,460. Bonhams and its client had been hoping for at least $207,500. Though the car's condition could not be argued against, bidding might have been higher if the conversion work had been carried out by Straman or a Euro coachbuilder of note. #685-1989 FERRARI 328 GTS targa. S/N 80376. Eng. # 16674. Red/cream leather. #650-1973 FERRARI 365 GTB/4 DAYTONA Spyder Conversion convertible. S/N 16647. Eng. # 16647. Red/black/tan leather. RHD. Odo: 9,368 miles. Period Spyder conversion by an unknown workshop. Also converted from left- to right-hand drive. The paint shows some stone chips that have been touched-up, and alloys. All original, with the Mustang V8 little used. Externally and internally, it is unmarked. Cond: 1. SOLD AT $31,832. Despite estimates it might fetch $35k or more, this Modena-built rarity was offered without reserve. Still a great bang-for-buck ride, assuming the new owner actually plans to drive it. AMERICAN #636-2005 FORD GT coupe. S/N 1FAFP90S75Y400809. Eng. # Y400809. Midnight Blue/black leather. Odo: 280 miles. Genuine mileage. One of only 28 built for the European market. Absolutely as-new, with body panels, paint, and interior all perfect. Alloys, too, are unmarked, as are the engine, transmission, and suspension. Cond: 1. SOLD AT $223,869. Unsold at $198,950 during the auction, though it went quickly afterward. The vendor had hoped for at least $242k, and though these are a hotter and rarer commodity here than in the States, I'd call it appropriately priced.u Sports Car Market

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eBay Motors Report by Geoff Archer Market opinions in italics L est you think BarrettJackson is the only place where average cars bring above- average prices, a quick look into the ether reveals that it's a national phenomenon. Ten grand for a Bagheera? What's a Bagheera? Condition inferred from seller's descriptions; cars were not physically examined by the author. Sf=seller's feedback; bf=buyer's feedback #4585498179-1951 ROLLS-ROYCE SILVER DAWN drophead coupe. S/N LSDB30. Navy/navy/brown leather. Odo: 102,315 km. 30 photos. Jericho, NY. Seller is a Rolls/Bentley dealer. Aluminum art-deco body commissioned by the Paris Hotel George V for chauffeuring Royalty. One of five built. Featured in the movie “Richie Rich,” invited to Amelia, and multiple winner at the Cincinnati Concours. French (not frenched) headlights. #4586800694-1965 JAGUAR XKE SI coupe. S/N 1E32561. Black/black leather. Odo: 81,461 miles. 11 photos. Central California. Sold on consignment by XKs Unlimited with “all the go-fast goodies” they offer: Minilites, Wilwood brakes, close ratio 5-sp., LSD, forged pistons, Carillo rods, and Series III rear flares grafted on #4599015176-1979 MATRA BAGHEERA X fastback. S/N X65509X500985. Red metallic/green velour. Odo: 66,563 miles. 12 photos. Staunton, VA. Mid-engined, RWD, “X” performance model. “Handles like a Lotus.” Threeabreast seating. Repainted “Aston Martin Red.” The entertaining description rambles on about the quirky “hi-tech,” multiple-Le Mans-winning manufacturer while dodging any mention of the condition of this specific car. 22 bids, sf 156, bf private. Cond: 2-. SOLD AT $10,000. Jiminy Xmas! A metallic red car with three green suede bucket seats. And you thought blue over red can get ugly. This bid was $3k to $4k high, and this sale will now fuel the fantasies of the fourteen other Francophiles who have one stateside. #4587035799-1954 PORSCHE 356 Sunrise door panels. Original toolkit. 3 bids, sf 38, bf 20. Cond: 1-. SOLD AT $175,000. The seller says it's an “unusual and magnificent car.” I tend to agree. Though no restoration is mentioned, and it does not sound as though it is in Pebble-Beach-winning form, the rarity and beauty drove these bids to a place with which only Royalty and Richie Rich are familiar. #4588159800-1963 MORGAN PLUS 4 PLUS coupe. S/N A5504. Black/black. RHD. 1 photo. Purcellville, VA. The actual Earls Court Motor Show car. One of 26 built. Completely apart and in need of a “1,000-hour” restoration, estimates the seller, a current Morgan dealer. to clear the wider rear tires. New leather seats, “space age” heat insulation and carpets. “A terrific car, you simply will not find a faster street E-type!” 4 bids, sf 1195, bf 226. Cond: 2-. SOLD AT $55,000. Like Vicarage and Callaway, some performance shops are almost a marque of their own. This modded Series 1 Jag was a bit outside the going rate, but no doubt the work was done to an exemplary level. Nothing unfair about it. #4586127935-1966 LOTUS CORTINA 2-door sedan. S/N BA74FS59293. Ermine White & green/black vinyl. Odo: 91,229 miles. 9 photos. Bozeman, MT. “Restored with respect to originality and to reliability.” Looks like a nice, solid, turn-key car that could be driven to either coast. The seller went on: “and yes, if you corner hard it will lift the inside wheel just like late '70s. I have receipts. It was never finished and sat in a garage for 25 years.” Welding that was done is “adequate,” and more remains to be done. Tennessee registration, no title. 37 bids, sf 207, bf 7. Cond: 4. SOLD AT $66,456. Seems like 5 years ago this money would have bought a very drivable #2- Speedster. Now that the best examples are well over $100k, this Erector Set was pulled along for the ride. Great time to push this one out of the barn. #4597071911-1973 PORSCHE CARRERA Comes with an unspecified amount of consulting by John Sheally, Plus 4 Plus expert. 16 bids, sf 1, bf private. Cond: 4-. SOLD AT $51,350. You are not going to find this model in a U.S. price guide. Even if you did dig it up in a U.K. periodical, there aren't going to be enough data points to buttress a guesstimation. So let's call this the going rate. 126 Jim Clark's did.” 18 bids, sf 75, bf 45. Cond: 2. SOLD AT $20,255. For a decade I was addicted to Cortinas. And just as I thought I had kicked this financially futile habit, somebody goes and gets Jay Ivey-prepped-vintage-racecar-money for a driver. No use crying over spilled 90-weight. Surely, this can't be the new U.S. market price for the lithe shoebox that only a Brit could love (or recognize). Can it? RS coupe. S/N 9113600578. Black with red script/black vinyl. Odo: 23,000 miles. 24 photos. Laredo, TX. One-owner. Matching numbers. English in the description is goofy, as though it were translated. DF (Mexico City) tags. Welloptioned, with sport seats, sunroof, power windows, and a/c, though the unit is now missing. “I CAN WRITE HERE LOT OF THINGS, BUT YOU ARE THE BEST JUDGE.” 6 bids, sf 132, bf 158. Cond: 1-. SOLD AT $215,000. Though '73 Carrera RS 2.7s are on the upswing, this Sports Car Market Speedster. S/N 80056. Eng. # P33709. Flat black primer/black. Odo: 66,383 miles. 22 photos. Crawfordville, FL. Straight, undamaged car with all original panels. #56 of 200 built in 1954, and fitted with a Type 546 motor. Exhaustive list of parts indicates a complete, if completely disassembled, car. Seller says: “Please understand that restoration of this car started in the

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Fresh Meat OH) in December 1947. Transmission was out for repair for the next 57 years. Complete, original, and very used-looking. Smokes at start-up, but runs and drives well now. 46 bids, sf 300, bf 1009. Cond: 3-. SOLD AT $75,100. Looking for a really rare military collectible with patina? So were a dozen other people. We'll let that be our only basis for saying this price was “marketcorrect.” seemed neither the presentation nor the venue to generate such a big price. Sold at full retail plus, even if everything in the listing was true. The buyer took a big gamble on that truth, but we understand the car is now in the hands of a happy “R Gruppe” Californian. #4592822798-1938 LINCOLN K Cathedral coupe. S/N K9314. Black/black/creme. Odo: 89,000 miles. 10 photos. Foothill Ranch, CA. One of 12 built, “designed by architect Anton Skislewicz.” First owned by King George V of Wales. Later owned by King Hussein of Jordan. 6.8L V12. 11-foot wheelbase. “It has always been taken care of by Royalty.” Needs a battery. Seller says it pulled $342k at a 1994 auction in #4599356175-1967 CHEVROLET CORVETTE L88 convertible. S/N 7S102390. Eng. # T1011IT7102390. White & red/white HT/red. Odo: 318 miles. 13 photos. Carter Lake, IA. 427/430, 4-bbl, 4-sp. “Most numbers match.” 318 miles since the 1989 frame-off restoration. Original invoice and Protect-O-Plate included. Contentious Q&A pits the memory of a certain 10-year-old (in 1967) against official records, which call into question the L88 option Date sold: 02/14/2006 Sale location: eBay Motors #4614780449 Details: Six-speed paddle shift, aluminum wheels, Monterey Maroon Paint. 18 miles. Sale result: $50,495, 1 “Buy It Now” bid Seller's feedback: 23 Buyer's feedback: 10 MSRP: $55,630 Other current offering: Gordon Chevrolet, Tampa, FL, www.gordon-chevrolet.com, $64,115 for a new car 2006 LAND ROVER RRSS with this VIN. 24 bids, sf 2, bf private. Cond: 2+. SOLD AT $450,000. The photos are just bad enough, the text not current enough—with no awards or third party verifications—and the eBay ratings just nebulous enough to call the whole thing into question. A lot of people steer clear of eBay's “private” auctions as a rule for these very reasons. The scene in Carter Lake was just too fishy for my $10k deposit.... London. Not sure about that, but it did sell for $78k at Coys in 1998 (SCM #6101). 1 bid, sf 256, bf 66. Cond: 2. SOLD AT $99,000. Can we get a serf or a page or a chambermaid over here to explain why the seller of a very rare and expensive car failed to replace the battery? My guess is the battery died as a result of something less easily understood or explained. Royal provenance and rarity set the bar here, though I'm not quite sure where that huge London result came from. Still, it probably would have done much better at a physical auction in the U.K. #4599101663-1943 WILLYS TUG 6X6 military truck. S/N 13. Eng. # 254711. Army green/army green/army green. Odo: 7,923 miles. 22 Photos. South Central, PA. Triple Army Green. Number 13 of 15 six-wheel-drive “Tugs” built. Extensive documentation. Purchased by its first civilian owner at Wright Field (Dayton, Ferrari 250 GTOs buy replicas to beat on, while the real car hides in a museum. Makes sense. Here we have somebody paying more for a resto-rod replica GT500 “E” than you would pay for one of the best real ones. Doesn't make sense. Though I can't say if either “Gone In 60 Seconds” movie is a timeless classic, I can say that these Eleanors will not appreciate longterm like a real Shelby Mustang will.u May 2006 #4589349132-1967 SHELBY GT500 Resto-mod fastback. S/N 7R02T176848. Gray & black/black. Odo: 150 miles. 21 photos. Counce, TN. 427-ci V8, 725-hp. #30 of 76 made. 150 miles since it was (re)built by Unique Performance. “In the Shelby registry.” Corbeau seats. Like new. 2 bids, sf 113, bf 171. Cond: 1-. SOLD AT $279,000. Some people with real Date sold: 01/17/2006 Sale location: eBay Motors #4612517529 Details: Delivery March 15 from a Land Rover dealership in St. Louis, MO Sale result: $74,700, 12 bids Seller's feedback: 60 Buyer's feedback: 0 MSRP: $75,550 Other current offering: Land Rover South Dade, Miami, FL, www.landroversouthdade.com, $125k for a used RRSS with 3,800 miles 2006 FORD F-150 SUPERCAB 4X4 Online sales of recent production cars. 2006 CHEVROLET CORVETTE CONV. Date sold: 02/18/2006 Sale location: eBay Motors #4614780449 Details: Harley-Davidson edition, tow pkg., heated front seats, and reverse sensing. 4 miles. Sale result: $38,800, 1 bid Seller's feedback: 77 Buyer's feedback: 81 MSRP: $42,605 Other current offering: North County Ford, Vista, CA, www.northcountyford.com, $39,090 for a new vehicleu 127

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Automotive Investor The Martin Rating How Much Beauty Can $50,000 Buy? Focus this month is on the “beauty factor,” with four of the prettiest cars ever made, all of which can still be had affordably L egendary Jaguar boss Sir William Lyons was fond of telling his charges, “It doesn't cost any more to make it pretty.” In today's collector-car market, however, it usually costs more to own “pretty.” The Martin Rating system reflects the fact that beauty is one of the prime determinants of collectibility. And naturally, the most beautiful cars are often the most expensive collector cars. But there are a few exceptions. Last month, we examined all of the factors that go into the ratings. This month we'll narrow our focus to physical beauty and ferret out the cars that have both high overall ratings and high scores for beauty but relatively modest prices. We're not in the business of prognosticating; however, it's difficult to imagine that you could go terribly wrong buying this kind of beauty at these prices, or that these cars will be overlooked for long. Category Defining Italian GT 1951–58 Lancia Aurelia B20 Coupe (Price $40,000–$55,000) transaxle mated to a de Dion rear end, and unibody construction—all in 1951. Legend has it that Lancia lost money on each one even at the then-lofty price of over $5,000. (Perhaps they thought they'd make it up on volume). Even discounting all of the above, the Aurelia would still be a giant car because of its body design. One of Pinin Farina's true masterpieces, the Aurelia, along with the Cisitalia 202, set the trend for post-war body design: a flowing fastback envelope with a minimum of adornments, just Lancia's gorgeous shield grille in front. The Aurelia was so well regarded back in the day, it was the mount of several legendary GP drivers. The Aurelia was arguably the first real GT car in the modern idiom. It earns every one of its 20 “beauty points,” and may well be the prettiest Italian car you can buy for under $100,000. Bantam-Weight Beauty 1958–63 Lotus Elite (Price $28,000–$35,000) Details No. Built 3,121 0-60 Time 13.0 sec. Top Speed 110 mph Price New $5,250 88 128 Martin Rating Details No. Built 1,076 15 20 17 20 16 Investment Grade: B To say that the Lancia Aurelia B20 coupe was a significant car would be a giant understatement. The first production V6 (all aluminum), a 0-60 Time 11.8 sec. Top Speed 115 mph Price New $4,780 85 Martin Rating 16 19 17 17 16 Investment Grade: B The Elite attracted huge attention at the 1957 Earls Court Motor Show. Not just for its advanced specs, which included independent rear Sports Car Market Rarity Beauty Performance Historical Significance Fun Factor Rarity Beauty Performance Historical Significance Fun Factor

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suspension, four-wheel disc brakes (the rears mounted inboard), and revolutionary fiberglass monocoque construction, but for its achingly beautiful body. At the time, Road & Track called it the best-looking British car produced since the war. Amazingly, the car was styled by a rank amateur, Peter Kirwan- Taylor, who was Colin Chapman's accountant. It was probably much less stressful to design a ground-breaking new sports car than to manage Chapman's finances. Famed aerodynamicist Frank Costin cleaned up the details along with Ford stylist Ron Hickman. An Elite finished in two-tone silver like the Earls Court show car sits in the famous Collier Collection, not only for its advanced technology, but because according to owner Miles Collier, “It, along with the Ferrari 250 SWB, was one of the best dual-purpose road/race cars of the time. I like small coupes and it is very beautiful.” Collier is a man who has raised connoisseurship to a fine art. What more of an endorsement could one want? Its 19 “beauty points” put the aptly named little Lotus in elite company indeed. A Serious Contender for the Prettiest-Ever Volume-Produced Car 1962–67 Jaguar E-type Series I coupe ($30,000–$45,000) The coupe version has it all: fastback roofline, covered headlights, vents, a bonnet bulge, chrome wire wheels, and a beautiful, small, ovoid front air inlet. Acceleration was vivid for the day and while the published top speed of 150 mph was always suspect, it was plenty fast. The shape penned by Malcolm Sayer clearly descended from the D-type and the road version of the XKSS. However, where those cars were brutal and functional, the E-type was lithe and almost delicate. It's another perfect 20 in the beauty department. The E-type sets a modern record in the eyeball-per-dollar ratio. For the money, there is simply no better looker available. One could argue that it has 90% of the presence of a Ferrari 275 GTB at less than 10% the price. “Speciale” Is an Understatement 1958–62 Alfa Romeo Giulietta Sprint Speciale ($25,000–$35,000) Details No. Built 1,366 Details No. Built 15,439 0-60 Time 7.4 sec. Top Speed 150 mph Price New $5,980 Martin Rating 88 May 2006 0-60 Time 12.3 sec. Top Speed 120 mph Price New $5,663 85 13 20 19 20 16 Investment Grade: B The inimitable Henry N. Manney called the E-type “the greatest crum- pet collector known to man.” Manney's flowery prose aside, the E-type was and still is a serious chick-magnet. It is difficult in the Internet age to imagine the shock and awe that the E-type caused on its unveiling (following an all-night drive from the port) at the 1961 Geneva Motor Show. Women fainted and grown men wept. Martin Rating 16 18 16 18 17 Investment Grade: B Bertone's 101 Giulietta Sprint coupe was a very pretty car. The Sprint Speciale, also by Bertone, was otherworldly. Clearly descended from the BAT series of flamboyant styling exercises, the Speciale's flowing lines and fabulous detailing are like nothing else produced before or since. The little Alfa was among the first Italian cars to benefit from the use of a wind tunnel. For a 1,300-cc car, they are uncannily quiet with very little wind noise. Performance is shocking: Aided by its shape, the Sprint Speciale will do a genuine 120 mph. Those who think that the “concept car come to life” is a recent phe- nomenon haven't looked at a Sprint Speciale. Every example looks like it could have rolled off the stand at the Turin Auto Show. An outlandish, coachbuilt Italian car with 120-mph performance and flamboyant looks that rate an 18 at under $50,000 seems like a gift. u 129 Rarity Beauty Performance Historical Significance Fun Factor Rarity Beauty Performance Historical Significance Fun Factor

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Motobilia Carl Bomstead Globe Trotter Some items went cheaply while others were far above current prices, occasioning joy and consternation for the seller Petroliana prices regular, automotive signs supreme R ex Benson spent the majority of his working life in the oil industry. During his high school and college years he worked at a number of gas stations when globes on top of the pumps advertised the station's brand of gasoline. Later, he was a jobber, buying and selling products from major brands such as Mobil, Pure, and Atlantic Refining, which gave him an inside track on many of the key pieces in his collection. Benson specialized in brands offered in Kentucky and the neighboring states of Ohio and Indiana. Standard Oil of Kentucky, known by its initials KYSO, was one of his favorites. The company was formed from the giant Standard Oil Trust when the Supreme Court split it into separate companies. Benson and his family made the decision that the time had come to dispose of his collection and Aumann Auctions was selected to sell it all at no reserve. The auction was held at the Kentucky Speedway, where Nextel Cup teams were practicing, providing unusual competition for the auctioneer. Not all of the 1,100 lots offered were quality pieces, and at least a third went for less than $100. This would have been a great place for a collector to get started reasonably. On the other hand, several automotive signs set records. Five of the best examples sold for over $5,000 with an extremely rare Oldsmobile Service porcelain sign selling for the high price of $9,350. A noted sign collector from Idaho bought the sign, and I understand he was willing to go at least another $3,000. Several hundred gas pump globes were offered, though the majority were mundane. But those that were unique sold for full retail. The one-piece Crown Gasoline of Kentucky globe is one of only three known. Even though it had been repainted and had a minor chip, it sold for $11,000. As with most auctions, some items sold cheaply while others went far above current prices. The mix occasioned both joy and consternation for Rex Benson. LOT 75. FRAM OIL AND MOTOR CLEANER LIGHTED DISPLAY. SOLD AT: $302. This back-lit reverse- painted glass display showed how a Fram filter works. It had some paint loss but was in good working order. Buyer did just fine, as the display would be a great addition to a garage. I'd suggest it is worth at least $100 more. LOT 429. KENTUCKY STANDARD OIL PORCELAIN FLANGE SIGN. SOLD AT: $3,630. A few minor chips and the blue was faded, which is not unusual on older porcelain, but overall very acceptable. Thought to be the earliest KYSO sign, produced in 130 the late teens. Price was not out of line. LOT 85. TEXACO OUTBOARD LUBRICANT RACK WITH CONTENTS. SOLD AT: $495. This was a very attractive display rack in nice condition. The 14 or so cans and oil bottles are worth the price paid, so the buyer got the rack for free. This rack is not as desirable as the earlier Texaco version with images of ships and boats, but it was one of the better buys. LOT 440. MOBILOIL PORCELAIN 42” by 84” SIGN WITH IMAGE OF GARGOYLE AND ARCTIC CAN. SOLD AT: $3,960. Great color and image. This is difficult to find in this condition. Only one small chip in the center of the sign and wear around the mounting holes. A buddy with a large Mobil collection bought this and would have spent a lot more if he needed to. LOT 441. CROWN GASOLINE OF KENTUCKY ONE-PIECE ETCHED GAS GLOBE. SOLD AT: $11,000. This is a very scarce globe with only three examples known. This one had been repainted and there Sports Car Market

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LOT 452. CLIPPER GASOLINE OVAL GASOLINE GLOBE. SOLD AT: $2,750. This is a rather rare buyer alertly took home the buy of the auction. LOT 594. REO SALES AND SERVICE DOUBLE-SIDED PORCELAIN SIGN WITH HANGER. SOLD AT: $5,830. This small, 18” by 24” sign was in were two small chips in the base. I hate to think what this would have brought if it were close to mint. Gas globe guys will write big checks for rare items; another $5,000 would not have been out of line. LOT 444. WADHAMS TRUE GASOLINE ONEPIECE ETCHED GAS PUMP GLOBE. SOLD AT: $6,600. globe from a West Coast company. The two oval lenses were mounted in a plastic body and in excellent condition. Sold under the money; buyer should be thrilled. LOT 482. OLDSMOBILE SERVICE 72” DOUBLESIDED PORCELAIN SIGN. SOLD AT: $9,350. This is a SIGN. SOLD AT: $7,700. This sign featured the full-feathered Pontiac Indian and was in exceptional condition. It may have set a record but it was worth it, considering the condition. LOT 493. DESOTO- PLYMOUTH APPROVED SERVICE DOUBLE-SIDED PORCELAIN SIGN. SOLD exceptional condition. Dark blue porcelain does not age well but there was only minor crazing on one side. Strong money, but considering the condition, not silly money. LOT 646. D-X BORON GAS GLOBE WITH PLASTIC ROCKET. SOLD AT: $2,420. This early chimney-cap globe was dated 1917. The cap on top dispersed heat that had built up inside. Paint is almost gone on one side, the other appears original. A few small chips on base. Very rare globe sold for the right money. LOT 450. ATLANTIC GASOLINE TWO-LENSE GLOBE WITH PORCELAIN SIGN ATTACHMENT. SOLD AT: $1,100. This 16.5 inch very rare sign with great color and gloss to the porcelain. It was complete with the original hanging ring and only a few minor chips. Buyer was willing to go to $12,000 to own it. LOT 483. OLDSMOBILE SERVICE GLOBE WITH TWO LENSES. SOLD AT: $5,225. These are often reproduced, but several globe AT: $5,775. This die-cut sign had strong color and bright gloss. Condition brings top money. The same buyer went home with the top four automotive signs. He paid top dollar but I predict they will be worth at least 20% more this time next year. LOT 498. STANDARD PRODUCTS PORCELAIN SIGN. SOLD AT: $330. This The two lenses on this globe were in excellent condition but the rocket was faded on one side and missing a piece of its tail. Unusual globe; you have to wonder how it survived without some kid destroying the rocket. LOT 838. MOBILGAS “FRIENDLY SERVICE” TIN BASEBALL SCOREBOARD. SOLD AT: $4,400. This very colorful gas globe was in good condition with minor edge chipping. The small “White Flash” porcelain sign on top was probably worth $300 by itself. Buyer did just fine. May 2006 experts felt this one was original and dated to the '30s. It was shown in the Walker catalog of advertising items for Oldsmobile in a larger size. Considering the cost, I hope the experts are correct. LOT 491. PONTIAC AUTHORIZED SERVICE DOUBLE-SIDED PORCELAIN very nice sign with the Standard Oil of California logo was an absolute steal. It followed the bigmoney automotive signs, so many of the crowd took a break, but one rare sign came from the Henry Ford Museum when it auctioned off surplus items a few years back. Only a handful of these are known and all are in this condition. Sign is only 17” by 42”, so I doubt if it is large enough for anyone to actually see it at a game. High price, but go find another one.u CARL BOMSTEAD is a decades-long automobilia expert who lives in the Pacific Northwest. Send your questions to: motobilia@sportscarmarket.com. Digital photos, the larger the better, must accompany your queries. Due to the volume of mail we receive, not all questions can be answered. 131

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Bike Buys Paul Duchene 1921–25 Megola Jay Leno says, “As the bike lacks a clutch, the owner's manual advises riders to ‘orbit' intersections until traffic clears” S o many engineering advances took place in World War I fighting aircraft—effective V8s, four valves per cylinder, double overhead camshafts—that the ideas that didn't translate to earthbound transportation are all the more remarkable. The Gnome-et-Rhone “mono- soupape” revolving rotary engine is one of them and it was adapted to perhaps the most unusual and collectible motorcycle of all time. If there's a “holy grail” for motorcycle collectors, the Megola is it. In Rhone's aircraft design, the crankshaft is bolted to the airframe while the cylinders revolve. This creates a remarkably smooth-running power unit at the expense of a wicked gyroscopic effect. Such engines powered WWI biplane fighters like the Sopwith Camel, which exhibited a ferocious tendency to flip over on takeoff. However, putting a rotary engine in a motorcycle wheel means the forces are in line with the direction of travel. The engineering involved in this project is striking enough that the German Megola was the showpiece of the Guggenheim Museum's vast “Art of the Motorcycle” show. It's also the cover art of the 432-page book that accompanies it. Imagine a five-cylinder engine that rotates in the front wheel: How do you supply fuel and oil? How does the clutch work? What happens when you get a flat tire? The Megola used two fuel tanks. The larger was hidden under the swooping sheet metal bodywork, and fuel was pumped to a smaller tank above the wheel. The oil was held in another tank on the other side and the fuel was delivered to the engine via a butterfly valve in the fixed axle. The engine was started by spinning the front wheel on its stand, or just paddling forwards. There was no clutch and no neutral. An ingenious solution to the problem of a flat tire was to use a tube with two closed ends—like a sausage—that could be removed without demounting the wheel. There was no room for a front brake, so two brakes were provided on the back wheel. The 1920s were a very creative period for motorcycle PerfectMegola Owner: Snoopy as the Red Baron Rating (HHHHH is best): Fun to ride: HHHH Ease of maintenance: HH Appreciation potential: HHHH Attention getter: HHHHHHH Years produced: 1921–25 Number produced: 2,000 Original list price: Millions of marks in 1925 SCM Valuation: $150,000–$200,000 Tune-up/major service: Under $100 and DIY Engine: 640-cc, 5-cylinder radial engine in front wheel Transmission: None—direct drive Weight: 350 lbs approx. Engine #: Unknown, but what else would you mistake it for? Frame #: As above Colors: Red, blue, black More: www.cybermotorcycle.com 132 design. In Bohemia, the Bohmerland was designed to carry three people instead of two (five if you include a sidecar). The Neracar was a hub-steered scooter with an automatic transmission, built in both England and America, and the French equivalent was the garishly Art Deco Majestic. Meanwhile in England, Alfred Angus Scott's howling two-strokes looked like bad science experiments, with gasoline, oil, and water carried in containers that looked like afterthoughts. In Germany, BMW was just beginning its 83-year love affair with horizontally opposed shaftdrive boxers. But the Megola topped them all, and with the surpris- ingly high number of 2,000 sold in five years, it's remarkable so few have survived. The motorcycle was designed in Munich by Fritz Gockerell and built by Meixner, Gockerell, and Landgraf, who each contributed the first two letters of their names. The Megola's engine displaced 640 cc and generated 14 hp, giving a top speed of almost 90 mph in racing models. While the engine spun in the front wheel, planetary gears meant that the internals actually revolved five times as fast in the opposite direction, thus canceling driving forces and maintaining enough revolutions for smooth power. Megolas turned 3,600 rpm at 60 mph, rotating the front wheel 600 times a minute. Megolas won numerous races—including the 1924 German Championship—ridden by Toni Bauhofer, Josef Stelzer, and Albin Tommasi, though it was noted they did best on banked circuits with no swift changes in direction. Racing Megolas had a sprung bucket seat and no rear suspension, while the touring version had a rather more comfortable chair and rear springs. A Megola must have been a handful in traffic, as the bikes lacked a clutch or gearbox. Jay Leno owns one of the four Megolas believed to survive (though the Wikipedia dictionary insists there are ten). He says the owner's handbook advises the rider to “orbit” an intersection until traffic clears. “I have a diagram of a man riding in circles as traffic goes by,” he says. Gockerell had a clutch model ready to go at the time of the company's demise in 1925. Leno got his bike in the 1980s and remembers being offered $60,000 for it back then. It runs, and he rides it occasionally, calling it a classic German answer to a question nobody asked. It has a lurid past too, and he'd rather not name names as a result. “Mine was a bike a GI got in Germany at the end of WWII. He was one of the first into Berlin and he and his buddies got into the bank safety deposit boxes. They found tons of diamonds and split the frame of the bike to hide them. They left the bike at a motorcycle dealership and said they'd be back to get it in three years. When they shipped it back, they took the diamonds out and bought houses and cars. I got it from the brother of one of the GIs.” Leno says he gets midnight phones call about three times a year: “It's always a heavy German accent… I recognize the word Megola and they say: ‘If you ever want to sell….'” With so few Megolas left, each is well known. There's Leno's (which is a sports model) from New York, one in the Munich museum (and on the cover of the “Art of The Motorcycle”), and one from Hungary, which was sold to a collector in Japan. Another surfaced at a French museum a couple of years ago, but it may have been the Munich bike on loan. Leno is hopeful there might be other Megolas out there. “There was a spare engine due to come with my bike but somebody else grabbed it,” he says. And what else would it fit?u PAUL DUCHENE has been wrenching on, riding, racing, and writing about motorcycles for 45 years and has the scars to prove it. Sports Car Market Mr. Kimberly

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Mystery Photo Answers “Oh my gosh...how tacky is that? I can't believe they mixed gold wheels with a silver light bar.” —Anna Cerone, Bryan, TX RUNNER-UP: Further proof that inbreeding is not only a bad idea in nature, but also in the automotive world.—Jeffrey Waybright, Spokane, WA Foreign Illuminating Arctic Taxi- cab—Bob Peterson, Brooks, GA As the down-sizing trend con- tinues in Detroit, Hummer is proud to introduce the “Bumvee.”—John Brice, Ridgefield, CT Tired of the abuse received in Sports Car Market, irate X1/9 owners formed a commando squad and drove toward Oregon in their custom-made Fiat assault vehicle.— Dave Scagnelli, Bergenfield, NJ Never one to pass on a challenge, Scooter worked night and day to enter his Fiat in the Iditarod.—Doug Knight, Haddonfield, NJ You might be a “Rosso Collo” if your Ber- tone has chains.—Ronnie Craig, Cedar Rapids, IA Yes, Virginia, there are Rednecks up north.—Steve Thomas, Bronxville, NY “You see, Billy Bob, the last year of the X1/9 was ruined by these here big safety bumpers.”—Rami Cerone, Bryan, TX While attempting the grueling Frostbite Falls Rally, Vern and Hank (hoping not to be seen) stop at the posh Yellow Inn for one last USAPPRAISAL This Month's Mystery Photo Response Deadline: April 25, 2005 Our Photo, Your Caption Be the author of the most accurate, creative, or provocative response and receive a sure-to-be-collectible-someday 1/18-scale collector car model, courtesy of USAppraisal. Ties will be arbitrarily and capriciously decided. Fax your response to 503.253.2234; e-mail: mysteryphoto@sportscarmarket.com; snail mail: Mystery, P.O. Box 16130, Portland, OR 97292. Please include your name and contact information. Send us your mystery photo. If we use it, you'll get an official “SCM Fright Pig Inspector” cap. E-mail photos at 300 dpi in JPEG format. rarest and least desirable Fiat in the world, a Fiat X1/9 “Alpina Verticali.” Only two were built: The first was bestowed upon the Vatican, which used the AV for transport at alpine monasteries; and this, the second, was gifted appropriately to Italian downhill champion Alberto Tomba. The AV's most recognizable cosmetic option, known internally at Fiat as “verdicamobondo,” was never reprised on any later Fiat iterations and is now considered historically insignificant. This example has been painstakingly unrestored from the ground up and is now offered without reserve, Amaretto Stone Sour.—Penny Ryan, North Barrington, IL The Italian military's only attempt at a true no-holds-barred battle vehicle, the Humminio, fell somewhat short of expectations.—Ryan Sabga, Denver, CO Thanks to this luxurious automobile, the U.S. Department of the Treasury was forced to invent a new increment of currency worth half a cent.—Cameron Davis, Omaha, NE “I think you're right, Billy Bob, the snow chains are ruining the classic aerodynamic lines of your car.”—Cameron Troilo, Yardley, PA FOR SALE—Offered here is possibly the but with reservations.—Norman Vogel, San Francisco, CA Dick Cheney's getaway car.—Jeff Chavez, Spring, TX Concept X1/9 SUV with chain drive.— Glenn Pierce, Fresno, CA This is sure to be a big hit at the next win- ter Olympics in the synchronized snow drifting competition.—William G. Mayo, Tucson, AZ Anna Cerone is this month's winner of a sure-to-be-collectible-someday 1:18-scale model courtesy of Dave Kinney's USAppraisal for pointing out the fashion challenges presented by this fright pig.u 134 Sports Car Market

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Comments With Your Renewal I've been a longtime subscriber and ap- preciate the direction the magazine has gone. Keep up the excellent coverage of auctions. Please continue covering Jaguars.—Robert McElroy, Franklin Park, IL Articles on collector cars from Eastern Europe, especially the two-stroke Trabants and older Skodas, would be a solid addition to the magazine. Go on with good work.— Pane Vrablik, Prague, Czech Rep. Please concentrate on sports, racing, and performance cars. Not interested in sixcylinder Bel Aires or DeSotos.—Andres B. Sta. Maria Quezon City, Philippines Now my favorite magazine. Don't let the automotive establishment (now collector car establishment) homogenize your excellent commentary.—John Rossland, New York, NY My favorite magazine to get every month—besides Popular Mechanics of course! Great improvements over the last few years.—Ben Stewart, Popular Mechanics, Santa Monica, CA Keep the profiles and auction results coming. Would like to see more on how to buy intelligently and a notation on the number of times an auto has been tracked in your database.—John Franco, Waban MA As with people, there is something good in all cars. Appreciate the diversity. We do this for fun.—Alan Sosnowitz, Stamford, CT You can make SCM more useful by not making it look like Robb Report. First we start selling real estate, then come the boats!—Paul Evans, Inglewood, CA My mean wife is allowing only one car mag. Guess which one?—Warren Blatz, Jr., Culpepper, VA How about an article about Lotus Cortina Mk I 1963–66?—Michael Schaffer, North Eastham, MA Short articles on owners, not multi- mega-dollar collectors.—Dale Moody, Matteson, IL Excellent coverage and enjoyable spe- cial-interest articles. Pitfalls of restoration, legal, etc. Good stuff.—Daniel Banks, Ellicott City, MD Keep your sense of humor.—Rick McInnis, Junction City, OR Articles on older sleds that make good drivers today. There aren't many, but they are true gems. 1933–38 Bentleys. Also, fitting overdrives to allow keeping up with highway speed.—Greg Millard, Lakeside, CA I enjoy every issue cover to cover and appreciate the occasional coverage of very rare motorcycles.—Bob Sinclair, Santa Barbara, CA Add Vipers to your price guide.— Samual Gallay, Jerseyville, IL Don't get too sucked in to this muscle car syndrome. Remember Sports Car Market.—Tom Straubinger, West Palm Beach, FL Come for a drive in my 928 before you say another disparaging word about the greatest GT car ever made. Love the mag.— Steve Doyle, Montgomery, AL Love the great comments with some auctioned vehicles. Priceless. Fabulous publication. Keep up the great work.—Greg Calo, San Ramon CA It would be helpful to see some of the work done, rusty floors, valve jobs, etc.— George Squyres, Flagstaff, AZ Keep out trucks and SUVs, include interesting motorcycles.—Daniel Fenley Costa Mesa, CA And thank you for all your thoughtful comments and your renewals.—ED.u

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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 16130, Portland, OR 97292, 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. and rechroming of the bumpers and trim parts. The striking red interior is original and in excellent condition. Mechanically, we have completed a clean-out and service of the fuel tank and all other fuel system components. We also completed work on the braking system, including a master cylinder rebuild and new brake hoses. Additionally, a standard service was performed and all fluids and filters replaced. This Gullwing now drives as it should and is ready to be enjoyed. See photos on www.continentalautosports.com $329,900. Jeff DiSandro, 630.655.3535 (IL) 1967 Porsche 912 Western car. I shipped it to RI last year. Good original condition. Buying boat. $7,500. Chris Coyle, 401.524.7818 (RI) ENGLISH 1955 Jaguar XK 140 MC DHC Cream coachwork, red interior, black top, chrome wires, non-overdrive. Restored early ‘90s, present owner since 1995. All matching numbers. One of the best. $89,000. Clive Doyle, 631.728.5949 (NY) 1955 Bristol 403 A real Mini! This Cooper S has been the subject of a complete remanufacturing process and has covered only 2,800 miles. This includes a complete body shell and later-type interior. Mark 1 nose and tail. Performance options include: Minilite wheels, flares, Yokohama performance tires, Moto Lita wood steering wheel, 1300 fuel-injected Austin/ Rover high-performance engine, lowered suspension, disk front brakes, short shifter, and driving lamps. An outstanding drive, must see. See photos on www.continentalautosports.com $19,900. Jeff DiSandro, 630.655.3535 (IL) 1967 Austin 1800 Rare in U.S., left drive, BMC 1800 engine, 4-spd, onyx black, red interior, top condition, drive anyplace, trades considered. $12,950. Motorcar Portfolio, 330.453.8900 (OH) 1968 MGB A unique combination of aircraft engineering and a sense of style resulted in an exceptional driving machine. Event-proven, this car has had engine, brakes, suspension, and cooling rebuilt. $72,500. Fantasy Junction, 510-653-7555 (CA) 1964 Jaguar Mk2 Ivory White with red leather interior. Remanufactured by McLaren Motorsports NZ. Immaculate wood, a/c, racing suspension, Vicarage 5-speed trans, stereo, chrome wires, but retains original appearance. Recent Jag Club concours winner and comfortable long-distance traveler. Perhaps best Mk2 on West Coast. Perfect for touring, show, or a night on the town. Pictures emailed on request. $75,000. Gary Anderson, 650.949.9680 (CA) 1966 Mini Cooper Beautiful. Chassis number is 5500229. Engine number is 5500246. Silver/red. The odometer reads 21,020 miles. This car has been in the Chicago area since the early ‘70s and was driven very little. We have had the car for a few months and it is now ready for a new owner. Extensive cosmetic work just completed by us: New bare-metal repaint in the correct silver, new rubber seals installed Chosen best overall vintage roadster in 1998 issue of GRM. Superb rust-free touring/vintage rally car. Low miles on balanced rebuilt engine, overdrive, and much more. $13,900. Lee Cohee, 850.878.5927 (FL) GERMAN 1955 Mercedes-Benz 300 SL Gullwing Mocha brown exterior. All-original two-owner car. Current owner last 22 yrs, Arizona car, 74k miles. No rust. All maintenance records available. $1,800. William Wyckoff, 623.566.3962 (AZ) 1989 Mercedes Benz 560 SEC Beautiful restored Giulietta Spider. California car with no rust. All mechanicals completely rebuilt. A wonderful car to drive. Must see and drive. See photos on www.continentalautosports.com. $34,900. Jeff DiSandro, 630.655.3535 (IL) 1965 Alfa Romeo GTA 2.0-S by Jerry Woods Racing. SCCA, Vintage or PCA Club Car. Many wins including FP and EP Championships. Ginther style GT Competition body panels. (would separate motor) $29,500. Paul Goldman, 650.346.6672 (USA) 1980 Porsche 928 1970 Mercedes Benz 600 SWB 6.3 Adventurine Green/Cashmere, 43,000 miles, factory carbon-fiber interior, 17” cup wheels/Blizzaks and 18” twists. Very nice condition. New clutch, rear main seal, etc. Receipts. $36,000. Scott Tieche, 775.831.0625 (NV) 2003 Audi RS6 Dark blue, gray leather; 63k original miles; valves, muffler, shocks, air bags, new w/in 10k miles; service documents; beautiful California car. $69,000. Bartz Schneider. (NV) 1973 Porsche 914-6 Conversion Beautiful example of the best Mercedes had to offer in 1989! Gray with burgundy interior and fully loaded with all the options. 103,000 pampered highway miles. $9,500. Russ Rodriguez, 630.767.9000 (IL) 1995 Porsche C4 SOLD 13,730 mi. 2nd owner, local car. True limited-edition, only 800 imported to U.S. Twin-turbo 4.2-liter V8, 450 bhp. Paddle shift, drilled discs, as new P Zeros. Gently driven, never abused. Faultless condition. Delivery negotiable. $54,900. Brian Hurst, 214.978.3075 (TX) ITALIAN 1961 Alfa Romeo Giulietta Spider AR613*169 Listed in Tabucci's book as having four victories in 1966. Has original libretto and bill of sale. Ready to race. www.wesingram.com/ 136 Sports Car Market

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SCM Showcase Gallery GTAFS/1965GTA.htm $71,000. Steve Schaeffer, 206.915.7028 (WA) 1965 Alfa Romeo Giulia Colli Wagon 1970 Fiat 500 L “Bambino” restored by one of Italy's top five restoration shops. Substantially upgraded interior and upgraded 650-cc balanced engine. Drive anywhere. $11,000. Dave Sutch, 415.550.0669 (CA) 1972 Ferrari Daytona Spyder Black w/tan leather, 5 Spd; a/c, ps, pw, 57k original mile survivor w/original paint, top, and interior, $16,500. Check it out at www.investmentmotorcars .net or email craigbrody@investmentmotorcars .net. 954.646.8819. (FL) Great for kids, dogs, deliveries. Factory prototype of 11 built. Very good condition throughout, no structural rust. Fitted with twin Webers and 5-speed. $36,500. Fantasy Junction, 510-653-7555 (CA) 1967 De Tomaso Vallelunga One of only 122 factory built Daytona Spyders. Complete nut-and-bolt rebuild of all mechanicals, including engine, transaxle, suspension, and braking system. Bare-metal repaint to original specifications. Odometer shows 39,000 miles. Interior is original and very nice. Drives beautifully. Books, tools, and restoration records included. Must see. Factory Authorized Ferrari Sales and Service Since 1975. See photos on www.continentalautosports .com $599,000. Jeff DiSandro, 630.655.3535 (IL) 1988 Ferrari Testarossa S/N 807DT0103. One of only five factory built competition coupes. Beautifully restored. Ford Cosworth 1600, Hewland gearbox. $165,000. Fantasy Junction, 510.653.7555 (CA) Red. 15k miles. 5-spd. Exceptionally nice car. Clean, straight, and well maintained. No signs of wear inside or out. All original service records. $67,900. Joe Tseng, 626.318.1289 (CA) Original period ‘40s So-Cal Sharknose roadster. The ideal event car. Rare and refreshing period special for rallies, shows, etc. Great lines, quality built, all steel, rust-free survivor. Straight 6 Chrysler. Real West Coast post-war hot rods are fast approaching un-obtainium. $21,500. Bill Hair, 805.466.1015 (CA) AMERICAN 1940 So-Cal Sharknose Roadster Original #2 condition, new tires, new battery, original V8, just tuned and new ignition wires, spot light, Wonderbar radio, great driver. Taken on many tours. $13,000. Don Kiesbuy, 509.924.7936 (WA) 1968 Pontiac Firebird 400 H/O 2-dr hardtop, numbers matching w/PHS certicate. 1 of 684. 400/335-hp V8, column-shift automatic, ps, brakes, white-letter tires Rally IIs. $26,950. Bob Lichty, 330.453.8900 (OH) 1969 Dodge Dart “383” GTS Convertible 1991 Alfa Romeo Spider Veloce 1947 Mercury 4 Door Sedan Dark green metallic/white interior and boot, 1 of 3 known having a factory matching-number big block w/4-spd. and bench seat, fresh rotisserie resto, check it out at www.investmentmotorcars .net or email craigbrody@investmentmotorcars. net. 954.646.8819. (FL) 138 Sports Car Market

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� 1970 Dodge Charger R/T �� �� �� 440/6 Pack w/Pistol Grip 4 Spd; B-5 Blue in and out, matching numbers, 4:10 Super Trac Pac, buckets/console and 14 options, wonderfully clean and original, full Govier Report. www.investmentmotorcars.net or e-mail craigbrody@investmentmotorcars.net. 954.646.8819. (FL) 1982 Mirage M12B �� �� �� �� Last of the glorious Mirage line. Aluminum honeycomb chassis, 4-liter Cosworth. New paint. Prepped and tested 7/03. $150,000. Fantasy Junction, 510.653.7555 (CA) 1984 Chevrolet Corvette �� �� �� �� �� �� �� Across Sympathetically restored over the years. Same owner since 1986. Reliable and fast. High miles equals low price. $3,000. Kenneth Hetterick, 941.639.2219 (USA) 1994 Ford Mustang NASA Race Car NASA 2005 S.E. Aix Championship car. Fresh 347 ci, 2,900 lbs., 400 rwhp. Dyno sheets, log book. Lots of spares. Asking price or trade for small bumper Porsche. $22,500. Al Pyne, 828.381.0212 (USA) WANTED Corvettes A premium will be paid for 1953 to 1972 Corvettes with NCRS or Bloomington Gold certification, serious. ProTeam, Box 606, Napoleon, OH 435450606. Fax, 419.592.4242. proteamcorvette.com, www.corvetteswanted.com. ProTeam Corvettes, 419.592.5086 (OH)u 1. Jaguar founder 9. Alternate transport 10. Luxury leather _____ 14. British Jaguar competition 15. Jedi knight ___ Wan 16. Last E-type with a straight-six: Series ___ 17. Request 19. 1955 D-type produced 245 ___ 20. 1962–64 Jaguar Mark ___ 21. Lubricator 22. Bar in the engine? 24. 1948 Motor Show star: XK ____? 25. www.jaguar.com is one 26. __ Mans: the scene of many Jaguar triumphs 28. Oh __! 29. Rejection 30. He sang “Desert Rose” in an S Type 32. 1957 “Monzanapolis” was a major racing ___ where Jaguar competed 34. Symbol for einsteinium 36. Join together 37. Jaguar X___ Supercharged 38. Tree 40. Charges 42. _____ Xing 43. In the past 44. Compass point 45. City where The Bourne Identity starts 46. Gym class: abbr. May 2006 �� 48. Hello! 49. Jaguar's 1950 Motor Show success 51. Tire condition to watch 54. Before, old way 55. Sean or William? 56. Comings and goings 58. Sun's abode 59. Roman three 61. The X308 is powered by a __ engine 62. Fuel-_____ed 63. A Mark VII won the 1956 race at _____ Carlo Down 1. 1931 London motor show Jaguar 2. Redesigns 3. Jaguars garner these 4. Where it's ___ ! 5. Jaguar's answer to the Ferrari 250 GTO 6. Or best offer, abbr. 7. Winner of the 1950 Alpine Rally 8. Jaguar that won the 1936 International Alpine Trials, known as “Old Number 8” 11. Compass point 12. Tulip and Alpine were scenes of Jaguar successes in the late '50s 13. Computer department 18. Jaguar designer Malcolm 23. Her Majesty, for short 24. Get ____ the groove 27. Rear ___ �� �� 31. Make some minor changes 33. ____ 4.2 2+2 Coupe 35. Epic story 37. 1991 Jaguar X__S 39. Continent that became the main source of competition for Jaguar 41. Turning force 42. A gear 46. Vivacious 47. Fashionable 48. Jaguar engineer 49. Post-World War II Jaguar 50. Saloon is the British word for it 52. Nurse 53. 1954 Le Mans Jaguar model 55. Pressure measurement 57. Race stop 60. Instant communication technology Solution �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� �� � Jaguar Jeu Mot � � � � � � � �� �� 139 � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

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Resource Directory Advertise in the SCM Resource Directory. Call 877.219.2605 x204 for information, e-mail: scmadvert@sportscarmarket.com. AUCTION COMPANIES Artcurial-Briest-Poulain-Le Fur. +33.1.42992020, fax +33.1.42992021. Maison de vente aux enchères, 7, RondPoint des Champs Elysées, 75008 Paris. artcurial@auction.fr. www.artcurial.com. (FR) Barrett-Jackson Auction. 480.421.6694, fax 480.421.6697. 3020 N. Scottsdale Rd, Scottsdale, AZ 85251. info@barrett-jackson.com. www.barrettjackson.com. (AZ) Bonhams & Butterfields. 415.391.4000, fax 415.391.4040. 220 San Bruno Avenue, San Francisco, CA 94103. www.butterfields.com. (CA) Bonhams. +, fax +44.207.585.0830. Montpelier St., Knightsbridge, London, SW7 1HH. www .bonhams.com. (UK) Branson Collector Car Auction. 800.335.3063, Jim Cox, fax 417.336.5616. 1316 W. Hwy. 76, Suite 199, Branson, MO 65616. www.bransonauction.com. (MO) Christie's. 310.385.2600, fax 310.385.0246. 360 N. Camden Dr., Beverly Hills, CA 90210. www.christies.com. (CA) 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. Gooding & Company. 310.899.1960, fax 310.899.0930. Auctions and brokerage of fine automobiles. 1528 6th Street, Suite 120, Santa Monica, CA 90401. www .goodingco.com. (CA) H&H Classic Auctions. +44.01925.730630, fax +44.01925.730830. Whitegate Farm, Hatton, Cheshire WA4 4BZ England. www.classic-auctions.com (UK) Kensington Motor Group, Inc. 631.537.1868, fax 631.537.2641. P.O. Box 2277, Sag Harbor, NY 11963. Kenmotor@aol.com. (NY) APPRAISALS Auto Appraisal Group. 800.848.2886. Over 60 offices located nationwide. Prepurchase inspection service, insurance matters, charitable donations, resale values, estates, expert witness testimony. On-site inspections. Certified, confidential, prompt, professional. “Not just one man's opinion of value.” See Web site for locations and service descriptions. www.autoappraisal .com. (VA) Dave Brownell's Vintage Auto Appraisals. 802.362.4719, fax 802.362.3007. 25-plus years experience nationwide and internationally. Single cars or entire collections. Brass cars to contemporary supercars. Complete services from pre-purchase to insurance, donation, estate, expert witness. davidbrownell@adelphia.net. (VT) 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; www.usappraisal.com. (VA) INSPECTIONS Cox Thimble Drome, O & R. Very highest prices paid for over 27 years. Periodic inventory shown at www.kirkfwhite.com. (FL) Spyder Enterprises. 831.659.5335, fax 831.659.5335. Since 1980, providing serious collectors with the finest selection of authentic, original vintage posters, pre-war thru mid-1960s; mainly focused on Porsche, Ferrari, Mercedes, and racing. Producer of “Automobilia Monterey,” August 15–16, 2006. 38-page list of memorabilia available. singer356@aol.com or www.vintageautoposters.com. (CA) BUY/SELL/GENERAL Auto Collectors Garage, Inc. 713.541.2281, fax 713.541.2286. 9848 Southwest Freeway, Houston, TX 77074. For the best in interesting cars from the 1920s to the 1970s. We restore, buy, sell, service, appraise, locate, and inspect all makes and models. Serving the collector car field since 1979. www.autocollectorsgarage.com. (TX) Blackhawk Collection. 925.736.3444, fax 925.736.4375. Purveyors of rolling art. The Blackhawk Collection is one of the world's foremost companies specializing in the acquisition and sale of both American and European classic, coachbuilt, and oneof-a-kind automobiles. www.blackhawkcollection.com. (CA) 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) AUTOMOBILIA Mecum Collector Car Auctioneers. 815.568.8888, fax, 815.568.6615. 950 Greenlee St., Marengo, IL 60015. Auctions: Orlando, Kansas City, Rockford, Bloomington Gold, St. Paul, Des Moines, Carlisle, and Chicago. Nobody Sells More Muscle Than Mecum. Nobody. www .mecumauction.com. (IL) Palm Springs Auctions Inc. Keith Mc- Cormick, 760.320.3290, fax 760.323.7031. 244 N. Indian Canyon Dr., Palm Springs, CA 92262. www.classic-carauction.com. (CA) RM Auctions, Inc. 800.211.4371, fax 519.351.1337. One Classic Car Dr., Blenheim, ON NOP 1A0. www.rmauctions .com. (CAN) Russo and Steele. 480.517.4005, fax 480.517.9112. 4117 N. 16th St, Phoenix, AZ 85016. russoandsteele@qwest.net; www.russoandsteele.com. (AZ) Santiago Collector Car Auctions. 800.994.2816, fax 405.475.5079. 501 E. Britton Rd., Oklahoma City, OK 73114. Rocky: rockydb5@sbcglobal.net. (OK) Silver Auctions. 800.255.4485. 2020 N. Monroe, Spokane, WA 99205. silver@silverauctions.com; www.silverauctions.com. (WA) 140 Campbell Levy Designs LLC. 303.762.7936, fax 303.762.7937. Custom lamp designer and builder since 1974, specializing in crankshaft lamps with exotic wood, select hardwood or granite base. Hand polished or nickel plated. Your treasured crankshaft or one of ours. Proud to be a Colorado company. www.campbelllevydesigns.com.(CO) Hamann Classic Cars. 203.918.8300. Specializing in mostly European vintage race and sports cars, especially classic Ferraris of the '50s and '60s as well as Mille Miglia-eligible sports cars. Always looking to buy fabulous classic cars. www.hamannclassiccars.com (CT) Jonathan Kendall LLC. 410.991.2288 Automotive-inspired gifts, handbags, and accessories. Jonathan highlights designs in unique, handcrafted art, fashion, and installations for the collector and the enthusiast. Give the gift of Art+Fashion+Design and enjoy the passion of the automobile together. www.jonathankendall.com. (MD) Kirk F. White. 386.427.6660, fax 386.427.7801. PO Box 999, New Smyrna Beach, FL 32170. Always acquiring and conveying the very finest in early European tinplate automotive toys by Marklin, Bing, Carette, Gunthermann, etc. Further seeking tether racers such as Dooling, Alexander, B.B. Korn, Bremer, Matthews, McCoy, Colin's Classic Automobiles. 414.964.3747. World-renowned for selling only the best investment-grade sports and muscle cars. Low volume, highest quality, easy to work with. Let Colin's experience in collecting, restoring, racing, evaluating, and showing cars work for you. Buy, sell, trade, restore. www.colinsclassicauto .com. (WI) Craig Brody Investment Motorcars. 954.646.8819. We buy, sell, trade, and consign only the highest-end original cars for the most demanding collectors. Visit our new showroom in Ft. Lauderdale; call ahead for a personal appointment to see the coolest selection of collector cars in the Southeast. www.investmentmotorcars .net. (FL) Dragone Classics. 203.335.4645. 1797 Main St., Bridgeport, CT 06604. For 50+ years, the Dragone family has collected, sold, and revived the world's greatest cars, including many at Pebble Beach. Museums and collections depend on Dragone's knowledge, authenticity, and integrity. 60+ car inventory; manny@dragoneclassics. com, david@dragoneclassics.com; www .dragoneclassics.com. (CT) eBay Motors. Everyday drivers, collector cars, auto parts and accessories, motorcycles, and automobilia. List your car for Classic Showcase. 760.758.6199, sales 760.758.6100, fax 760.758.0600. Offering a fine selection of classic European vehicles and a world-class restoration facility with two indoor showrooms in one 40,000sq-ft building. Servicing the collector with over 30 years experience in buying, restoring, and selling. Located in San Diego County. sales@classicshowcase.com; www.classicshowcase.com. (CA) sale for only $40 and pay $40 more when it sells. Every vehicle transaction is covered by $20,000 in free insurance. www.ebaymotors.com. Fantasy Junction. 510.653.7555, fax 510.653.9754. 1145 Park Ave., Emeryville, CA 94608. Specializing in European collectible autos and racing cars from the 1920s to the 1970s, with over 50 cars in stock. Bruce Trenery has over 25 years experience in this business, based in the East Bay area. sales@fantasyjunction.com; www.fantasyjunction.com. (CA) Grand Prix Classics. 858.459.3500, fax 858.459.3512. 7456 La Jolla Blvd., La Jolla, CA 92037. Specialize in the buying, selling, trading, and consignment of historic sports and racing cars. Been in business for 25 years and maintain an inventory of 15 to 20 historic cars. info@grandprixclassics.com; www.grandprixclassics.com. (CA) Hyman Ltd. 314.524.6000. One of the largest dealers of quality collector cars in the U.S. with over 100 cars in stock. We act as principal in the acquisition of collector cars and are aggressive buyers for complete collections. Our specialties include European sports cars and full classics. www .hymanltd.com. (MO) Kirk F. White. 386.427.6660, fax 386.427.7801. PO Box 999, New Smyrna Beach, FL 32170. Always seeking and conveying select, exciting automobiles with a strong emphasis on vintage and contemporary hot rods and significant post-war sports cars, etc. Many years of acquiring superb, esoteric automobiles. Very highest prices paid. Periodic offerings may be reviewed at www.kirkfwhite.com. (FL) Motorcar Portfolio. 866.653.8900, 320 Market Ave S., Canton, OH 44702. America's only classic car dealer located in the lower level of the Canton Marriott McKinley Grand Hotel. Ever-changing collection of 100+ foreign and domestic cars. Model Ts through muscle cars, something for everyone's taste and pocketbook. We buy cars from special people—one or a whole collection. (OH) Paul Russell and Company. 978.768.6919. Contact Alex Finigan for the acquisition or sale of great classic European sports, touring, and racing models from the pre-war era through the 1960s. Our experienced body, metal, upholstery, and mechanical craftsmen offer restoration, preservation, and maintenance services. www.paulrussell.com. (MA) ProTeam Corvette. 888.592.5086, fax 419.592.4242. Over 150 Corvettes 1953–2003; also Corvettes wanted. Free catalog. www.proteamcorvette.com; proteam@proteamcorvette.com. (OH) VIR Gallery. 336.210.5508. Quality vintage street and race cars for sale. Located at Virginia International Raceway. Please contact Randall Yow, 1245 Pine Tree Rd., Alton, VA 24520. ryow@virclub .com; www.virgallery.com. (VA) CLASSIC CAR TRANSPORT Concours Transport Systems. 702.361.1928, 253.973.3987, fax 702.269.0382. Enclosed auto transport nationwide. Liftgate loading, experienced personnel. Classic and exotic cars. Special events. Fully insured. All major credit cards accepted. Fred Koller, owner. fredkoller@concourstransport.com; www. concourstransport.com. (NV) Sports Car Market

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Cosdel International. 415.777.2000, fax 415.543.5112. Now in its 46th year of international transport. Complete service, including import/export, customs clearances, DOT and EPA, air/ocean, loading and unloading of containers. Contact Martin Button: info@cosdel.com; www.cosdel .com. (CA) FedEx Custom Critical Passport Auto Transport. 800.325.4267, fax 314.878.7295. Fully enclosed transport from the industry originator. Specializing in events, including Pebble Beach, the Colorado Grand, and Barrett-Jackson. Liftgates for safe loading and winches for inoperable vehicles. Inquire about ultraexpedited, three-day, coast-to-coast service. www.passporttransport.com. (MO) Intercity Lines, Inc. 800.221.3936, fax 413.436.9422. Rapid, hassle-free, coast-tocoast service. Insured, enclosed transport for your valuable car at affordable prices. State-of-the-art satellite transport tracking. Complete service for vintage races, auctions, relocations. www.intercitylines .com. (MA) COLLECTOR CAR FINANCING vehicle. Agreed value coverage in the continental U.S. and Alaska. Drive through time with peace of mind with J.C. Taylor. Parish Heacock Classic Car Insurance. 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 .parishheacock.com. (FL) COLLECTOR CAR LEASING space is limited. www.musclecar1000 .com. (CA) ENGLISH Premier Financial Services. 203.267.7700, fax 203.267.7773. With over 20 years of experience specializing in exotic, classic and vintage autos, our Lease Purchase plan is ideal for those who wish to own their vehicle at the end of the term, as well as those who like to change cars frequently. Our Simple Interest Early Termination plan allows you the flexibility of financing with the tax advantages of leasing. www.premierfinancialservices .com. (CT) Putnam Leasing. 866.905.3273, Never Classic Car Financial. 877.527.7228, fax 603.424.2117. The nation's fastest growing classic car financing company. We provide our customers with a pleasant and smooth process; person-to-person loans are our specialty. Highly competitive rates and terms with less-than-perfect credit considered. Call or apply online today. Dealer programs available. www.classiccarfinancial.com. (NH) J.J. Best Banc & Company. 800. USA.1965, fax 508.991.8329. The largest national leader on Antique, Classic, Exotic, Rod, and Sports Cars, with low rates starting at 4.99% and long terms. Call, fax, or e-mail your application today for quick ten-minute approval. Dealer inquiries welcome. www.jjbest.com. (MA) COLLECTOR CAR INSURANCE Aon Collector Car Insurance. 877.765.7790. We've protected collector cars for nearly 40 years. Our insurance packages provide more coverage for less money than is available through standard carriers. Substantially lower costs, with minimal usage restrictions, unlimited mileage, in-house claim handling, and online quoting and application. www.aon-collectorcar.com. Hagerty Collector Car Insurance. 800.922.4050. Collector cars aren't like their late-model counterparts. These classics actually appreciate in value so standard market policies that cost significantly more won't do the job. We'll agree on a fair value and cover you for the full amount. No prorated claims, no hassles, no games. www.hagerty.com. (MI) J.C. Taylor Agencies. 800.345.8290. Antique, classic, muscle or modified—J.C. Taylor will provide dependable, dynamic, affordable protection for your collector May 2006 get in a car with strangers. Custom-tailored, lease-to-own financing for your dream car. Easy, fast, and dependable. Exclusive leasing agent for Barrett-Jackson, Cavallino, and the Ferrari Club of America 2004 International Meet. www.putnamleasing .com. (CT) RESTORATION – GENERAL Guy's Interior Restorations. 503.224.8657, fax 503.223.6953. 431 NW 9th, Portland, OR 97209. Award-winning interior restoration. Leather dyeing and color matching. (OR) Performance Restoration. 440.968.3655, 17444 U.S. Rt. 6, Montville, OH 44064. Award-winning paint/body restoration—sports, muscle, vintage. Eight years in business, newly built shop. A short drive from Cleveland or Pittsburgh, five hours from Detroit. We finish your projects! Photos/info: supercharged@alltel .net. (OH) Vantaaj Restoration & Repair. 866.440.0334, toll-free USA, 303.440.0334 in Colorado. A few dedicated enthusiasts, focused on repairing or restoring one or two cars at a time. We understand they are not mere automobiles; they are family. Please join our family. We are not for everyone—we are for you. www.vantaaj .com. (CO) SPORTS AND COMPETITION Morris & Welford, LLC. 203.222.3861 or 203.722.3333 (Miles Morris), 949.260.1636 or 949.500.0585 (Malcolm Welford), fax 203.222.4992 or 949.955.3848. Specialist car consultants and high-end brokerage for important historic cars such as Ferrari, Maserati, Alfa Romeo, Jaguar, Duesenberg, Bugatti, and more. Offices on East and West Coasts. www.morrisandwelford.com. (CT) VINTAGE EVENTS Columbus Motor Classic. 866.794.6889. Germain Amphitheater, Polaris, OH, September 22-24, 2006. www. cmcshows.org (OH) The Hamptons Auto Classic, 631.537.1868. 2006 Auction, June 10, Bridgehampton, NY. kenmotor@aol.com (NY) MosesLudel.Com, LLC. 775.463.5965. Thirty-eight years of authoritative mechanical expertise available to restorers and collectors of 1928–71 American classic and muscle cars. Blueprint engine, transmission, steering, and axle rebuilding. Restorative tuning and performance prepping. Protect your investment. See our Web site, www.mosesludel.com. Hamptons Concours d'Elegance, 631.537.1868. June 11, 2006, Bridgehampton, NY. kenmotor@aol.com. (NY) Lake Mirror Classic Auto Festival. 863.683.1540. October 14–16. The Lake Mirror Classic is held in restored Lake Mirror Park and downtown Lakeland. Begins Friday evening with the Hot Rod Rendezvous; Saturday enjoy over 500 classic cars in downtown Lakeland and Lake Mirror. For more information about this FREE event or to pre-register, visit www.lakemirrorclassic.com. (FL) Hyman Ltd. 314.524.6000. One of the largest dealers of quality collector cars in the U.S. with over 100 cars in stock. We act as principal in the acquisition of collector cars and are aggressive buyers for complete collections. Our specialties include European sports cars and full classics. www .hymanltd.com. (MO) AC AC Owner's Club Limited. 503.643.3225, fax 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) JWF Restorations, Inc. 503.643.3225, fax 503.646.4009. Jim Feldman, 11955 SW Faircrest St., Portland, OR 97225-4615. AC restoration specialist. 35 years experience. Partial to full restorations done to street or concours standards. (OR) Austin-Healey Austin-Healey Club USA. 888.4AH- CUSA, fax 503.528.0533. 8002 NE Hwy 99, Ste B PMB 424, Vancouver, WA 98665-8813. Oldest national Austin-Healey club and factory club heritage. Members receive Austin-Healey Magazine, Resource Book, calendar, tech assistance, book discount. Annual dues still just $35. www .healey.org. (OR) Aston Martin Aston Martin of New England. 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) Automotive Restorations, Inc. Vintage Racing Services, Inc. (ARI.VRS), 203.377.6745, fax 203.386.0486, 1785 Barnum Ave., Stratford, CT 06614. Classic, special interest, and race cars. Sales, restoration, and transportation. www. vintageracingservices.com, www.automotive-restorations.com. (CT) Autosport Designs Inc. 631.425.1555. The largest independent Aston Martin sales, service, and restoration facility in the U.S.; everything under one roof. All models welcome. Large selection of parts for all Astons. Also specializing in Ferrari, Porsche, and other exotics. Tom Papadopoulos, Scott Rumbold. www.autosportdesigns.com. (NY) The Healey Werks. 800.251.2113, 712.944.4900, fax 712.944.4940. Lawton, IA. 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) 2nd Annual Muscle Car 1000, 949.470.9880. September 25–30, 2006. Five days of exceptional places, people, experiences, and cars from Santa Barbara to San Simeon, Monterey, San Francisco, Napa Valley, and back. Reserved for 1964–73 American muscle cars, 1962–68 Cobras, 1955–73 Corvettes. Apply early, as Kevin Kay Restorations. 530.241.8337. 1530 Charles Drive, Redding, CA 96003. Six-cylinder Aston Martin DBs our specialty, from DB2 through DB6. All Astons welcome, along with other 1950s and 1960s British and European sports and classics. We do it all, from engine overhaul to show-winning paintwork. We buy Astons. www.kevinkayrestorations .net. (CA) Rocky Santiago. 405.843.6117, fax 405.475.5079. E Britton Rd., Oklahoma City, OK 73114. Specializing in Aston Martins, all years, all conditions. Buy/sell/ consign. If you are buying or selling, please call. Also have Healeys, MGs, Triumphs, etc. (OK) 141

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Resource Directory Jaguar Classic Showcase. 760.758.6199, sales 760.758.6100, fax 760.758.0600. Full-service 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) Jaguar Clubs of North America. 888.CLUBJAG, JCNA, 1000 Glenbrook Road, Anchorage, KY 40223. The primary organization of Jaguar enthusiasts in the U.S. and Canada. 52 local clubs provide social and other activities. JCNA sponsors championships in concours, rally, slalom. Members receive bi-monthly Jaguar Journal magazine. www.jcna.com. (KY) Rolls-Royce/Bentley Automotive Restorations, Inc. Vintage Racing Services, Inc. (ARI.VRS), 203.377.6745, fax 203.386.0486, 1785 Barnum Ave., Stratford, CT 06614. Classic, special interest, and race cars. Sales, restoration, and transportation. www. vintageracingservices.com, www.automotive-restorations.com. (CT) Hageman Motorcars. 206.954.1961, fax 425.287.0660. PO Box 554, Kirkland, WA 98033. Pre-war European autos, Bentley, and Rolls-Royce, specializing in vintage Bentleys. www.hagemanmotorcars .com. (WA) ALFA ROMEO Parts Centerline Alfa Parts. 888.750.ALFA (2532). Call for free catalog. New and used parts, accessories, restoration, modification, and information for Giulietta through 164. We know the cars and we have the parts. Visit www.centerlinealfa.com for frequent updates on new items. (CO) International Auto Parts. 800.788.4435, 434.973.0555, fax 434.973.2368. Est. 1971. Over 90,000 Alfa/ Fiat/Lancia parts, 1956 to present, in stock, ready to ship. Fast, knowledgeable service and same-day shipping! Free 76-page catalog. www.international-auto.com. (VA) Repairs/Restoration Dan Sommers' Veloce Motors. 503.274.0064. 1425 NW Flanders, Portland, OR 97209. More than two decades of helping Alfa, Ferrari, and Lamborghini owners keep their cars on the road while not emptying their bank accounts. Other Italian cars serviced as well. (OR) Nasko's Imports. 503.771.1472, 5409 SE Francis, Portland, OR 97206. Alfas, BMWs and Mercedes our speciality. Oldest Alfa repair facility in Oregon. Ask about our used sports cars for sale. Fast work, fair prices. (OR) FERRARI/MASERATI/LAMBORGHINI Automotive Restorations, Inc. Vintage Racing Services, Inc. (ARI.VRS), 203.377.6745, fax 203.386.0486, 1785 Barnum Ave., Stratford, CT 06614. Classic, special interest, and race cars. Sales, restoration, and transportation. www. vintageracingservices.com, www.automotive-restorations.com. (CT) Carozzeria Granturismo Milano (Italy). +39.93909285-6, fax +39.02.93908420. Ferrari, Maserati, Lamborghini, Alfa Romeo, and Lancia. Structural chassis restoration, body restoration, and manufacturing of aluminum and steel body trim and panels. We bring automobiles to exacting original specifications. High-class paint jobs; one-off prototype manufacturing. info@gtmilano.it. (IT) Classic Showcase. 760.758.6199, sales 760.758.6100, fax 760.758.0600. Full-service 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) Jon Norman's Alfa Parts. 510.525.9435, fax 510.524.3636. 1221 Fourth Street, Berkeley, CA 94710. Large selection of parts from 1900 series to Milano. Efficient, personal service. (CA) Performance Motoring Associates. 831.338.9703, fax 831.338.2031. 12895 Highway 9, Boulder Creek, CA 95006. Over 20 Alfa Romeos in stock, ready for your custom restoration. Specialists in vintage race car preparation for over 20 years. Sebring suspensions and lightweight body panels for 750, 101, and 105 series Sprints, Spiders, and GTVs. alleake@aol.com; www.alfaromeorestorations.com. (CA) Re-Originals. 713.849.2400, fax 713.849.2401. The U.S. source for original, complete seats and covers, bulk upholstery materials, original rubber mats and gaskets, original European taillights, headlights, grilles, windshields. Visit www.reoriginals .com for complete listing. (TX) Family Classic Cars. 949.496.3000, fax 949.488.0523. Family Classic Cars specializes in highly rare and valuable vintage Ferraris, fine European cars, classics, hot rods, muscle cars, and modern exotics. Located in San Juan Capistrano, CA, Family Classic Cars is all about selling dreams and investments. sales@familyclassiccars. com; www.familyclassiccars.com. Hamann Classic Cars. 203.918.8300. Specializing in mostly European vintage race and sports cars, especially classic Ferraris of the '50s and '60s as well as Mille Miglia-eligible sports cars. Always looking to buy fabulous classic cars. www.hamannclassiccars.com. (CT) Michael Sheehan. 949.646.6086, fax 949.646.6978. Always looking for cars to buy, from rare one-offs to serial production ordinaries. Ferrari, Lamborghini, Lotus. Buyers, let me use my 20,000-car database to help you find a car, or verify the history of one you are looking at. www.ferrarisonline.com. (CA) Randy Simon. 310.274.7440, fax 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 advice on the market. Finder's fee gladly paid. simonrandy@aol .com. (CA) Ron Tonkin Gran Turismo. 800.547.4455, 503.255.7560. Service and parts, 800.944.6483, 503.257.9655. 203 NE 122nd Ave., Portland, OR 97230. America's oldest and most dedicated Ferrari dealer. New and used exotic cars. Also, huge parts department with fast, fast service. www.rtgt.com. (OR) Re-Originals. 713.849.2400, fax 713.849.2401. The U.S. source for original, complete seats and covers, bulk upholstery materials, original rubber mats and gaskets, original European taillights, headlights, grilles, windshields. Visit www.reoriginals .com for complete listing. (TX) Symbolic Motor Car Company. 858.454.1800. As the world's premier dealer of exotic, collectible, racing and touring automobiles, our highly trained staff has the experience to get you into some of the finest automobiles in the world. Visit us at www.symbolicmotors.com. (CA) GERMAN BMW Automotive Restorations, Inc. Vintage Racing Services, Inc. (ARI.VRS), 203.377.6745, fax 203.386.0486, 1785 Barnum Ave., Stratford, CT 06614. Classic, special interest, and race cars. Sales, restoration, and transportation. www. vintageracingservices.com, www.automotive-restorations.com. (CT) Mercedes-Benz Alex Dearborn. 978.887.6644, fax 978.887.3889. Topsfield, MA. Buying, selling and trading vintage Mercedes. Specializing in 300SLs. Large database of older M-Bs. www.dearbornauto.com. (MA) Automotive Restorations, Inc. Vintage Racing Services, Inc. (ARI.VRS), 203.377.6745, fax 203.386.0486, 1785 Barnum Ave., Stratford, CT 06614. Classic, special interest and race cars. Sales, restoration and transportation. www.vintageracingservices.com, www.automotive-restorations.com. (CT) Classic Showcase. 760.758.6199, sales 760.758.6100, fax 760.758.0600. Full-service 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) Gull Wing Group International, Gary Estep. 530.891.5038 fax. 776 Cessna, Chico, CA 95928. Dedicated to the enjoyment and preservation of 1954 to 1963 Mercedes-Benz 300SL coupes and roadsters. Member benefits include: twelve monthly magazines per year plus a national convention that rotates its location around the country. gestep3457@aol.com. (CA) Porsche Greatwest Lubricants. 888.838.6308. Authorized dealer for premium Amsoil synthetic lubrication and filtration products. Protect your investment with the finest lubrication products available and benefit from lower operating costs and extended oil change intervals. All products can be ordered online and shipped from U.S. & Canadian distribution centers. www.greatwestlubricants.ca. (CAN) HotSeat Chassis Inc. 877-GAME- TRX. 111 Napco Dr., Plymouth, CT 06786. HotSeat Chassis Inc., produces HotSeat Solo, Racer, and HotSeat PC Gamer. Creating a total immersion, arcade like experience in the home, the HotSeat envelopes the player in ultra-realistic 5.1 Dolby Digital surround sound between its six high-powered speakers. (CT) GARAGE/TOOLS Baldhead Cabinet Company. 877.966.2253. Offering a fine selection of quality metal garage cabinets. Many unique modules. SS and custom colors available. Many sizes to choose from. Call for a custom quote and drawing. See ad in this issue. www.baldheadcabinets.com. (CA) REAL ESTATE J.R. Rouse Real Estate. 831.645.9696 ext. 100, 831.277.3464, fax 831.645.9357. Connecting car enthusiasts with homes on the Monterey Peninsula. jr@jrrouse.com; www.jrrouse.com. (CA) TRAVEL 73rs.com. 310.927.3193. Specializing exclusively in early classic Porsche 911 motor cars, 1965–73. Over 35 years experience in buying and selling only the finest 911s. Cars actively purchased for top money. jack@73rs.com. (CA) Re-Originals. 713.849.2400, Sicurvetro windshields for Porsche 356. Speedster Stephanie Warrington. 800.594.0805, 503.231.5103. The official travel agent for Sports Car Market. Specializing in international travel, custom vacations, and groups. stephanie@wtpdx.com. (OR)u bucket seats, driving seats for all models. www.reoriginals.com. (TX) AMERICAN Hyman Ltd. 314.524.6000. One of the largest dealers of quality collector cars in the U.S. with over 100 cars in stock. We act as principal in the acquisition of collector cars and are aggressive buyers for complete collections. Our specialties include European sports cars and full classics. www .hymanltd.com. (MO) Shelby Shelby American Automobile Club. 860.364.0449, fax 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) PARTS AND ACCESSORIES 142 Sports Car Market

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Carl Bomstead Record Holder Jenatzy Still Hot Some years ago I found 15 Signal signs and sold them for $300 each, leaving $24,000 on the table at today's prices I t's fairly easy to determine the value of cars as there are numerous price guides, plus the 40,000-entry SCM Gold database, to use for research. In the case of automobilia, determining what something is worth can be more complicated. Take the recent sale of these two signs, for example. A very nice Erskine Studebaker Service porcelain sign recently sold on eBay, after 19 bids, for $4,900 while an equally nice example sold at the Benson sign auction for $3,300. That's a 50% premium on eBay, so what's the sign worth? The truth usually lies somewhere in between, and I'd say that's the case here. Two 60-inch double-sided Oldsmobile Service signs also sold re- cently on eBay, one with nine bids and the other with 20. One sold for $2,350, the other $2,550. A third example, with some damage, also sold at the Benson auction, but for only $550. These sales established the value, as we have two comparable signs in the $2,400 range and can discount the damaged example. Here are a few more goodies that we found, and what folks were willing to pay for them: EBAY #6036416891—1920S AMERICAN NATIONAL PEDAL CAR. Number of Bids: 13. SOLD AT: $1,901.76. Date Sold: 2/19/2006. This early pedal car with a wood grille was actually made by Sidway-Topliff, not American National. The rear axle and hood ornament are unique to the manufacturer. The car had nice original paint with patina but was missing one headlight lens. It appears to have been played with by a gentle child who took care of his toys. Price seems most reasonable considering the rarity. EBAY #8749426213—1914 TACOMA SPEEDWAY FELT PENNANT. Number of Bids: 15. SOLD AT: $536.05. Date Sold: 1/16/2006. The Tacoma Speedway was in operation from 1912 until 1922 and on the national racing circuit with all the big names of the era showing up. It was a board track and can be distinguished from other tracks in that the 2x4s were laid on end with gaps between them. The venue initially focused on the team, but auto racing quickly surpassed them as an attraction. Price paid here was a bargain, as these pennants have sold for double what the Portland, Oregon, buyer and frequent SCM contributor paid. EBAY #7216690406—SIGNAL DIESEL PORCELAIN PUMP PLATE. Number of Bids: 24. SOLD AT: $1,991.99. Date Sold: 2/12/2006. Signal gas stuff with the traffic signal brings big money and this was no exception. There was severe damage around the mounting holes, but the image was clean with good luster. Some years ago I found about 15 of these and sold them for what I thought was all the money at $300 apiece. Quick calculation shows that, based on this sale, I left $24,000 on the table. RANDOMTA.COM. LOT 240—PNEUS JENATZY CAR RACING POSTER CIRCA 1900. Number of Bids: 15. SOLD AT: $4,375. Date Sold: 1/23/2006. Camille Jenatzy was a very successful European race-car builder and driver around the turn of the century. In 1899, driving his race car “Le Jamais Contente,” he set three land speed records, the final one at 65.79 mph. He joined his brother in taking over their father's tire business “Pneus Jenatzy.” The 47” x 34” poster sold here shows Jenatzy winning the Gordon Bennett Trophy in his Mercedes. It had extensive professional restoration, but was still a very desirable piece. Considering the strong image, known artist, and history of the driver, I call this well bought. EBAY #4615674661—HARLEY- DAVIDSON 5-GALLON “ROCKER” OIL CAN. Number of Bids: 9. NOT SOLD AT: $2,025. Date Not Sold: 2/28/2006. This unusual Harley oil can was pretty well trashed with scratches, rust, and dings on both sides. It might be rare, but turning down $2,000 for a can in this condition does not make sense. High bidder should breathe a sigh of relief. SUBSCRIPTION INFORMATION Sports Car Market magazine (ISSN #1527859X) is published monthly by Keith Martin Publications, PO Box 16130, Portland, OR 97292. Periodicals postage paid at Portland, OR, and additional entries. 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, 503.252.5812; fax 503.252.5854. 146 EBAY #6607043541—“WIGGLER” RADIATOR MASCOT. Number of Bids: 13. SOLD AT: $401.55. Date Sold: 2/26/2006. Motorists would mount this on a radiator cap and t would spin like crazy as they drove down the et. This one was in excellent condition and sold for strong money. Another example, not quite as nice, was offered at the same time but failed to sell at $265. Condition makes a difference with mascots as well as every other collectible. Price was about right in both cases. POSTMASTER Send address changes to: Sports Car Market PO Box 16130, Portland, OR 97292 CPC IPM Sales Agreement No. 1296205 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 © 2006 by Sports Car Market, Inc., Automotive Investor Media Group and Automotive Investor in this format and any other used by Sports Car Market magazine. Copyright registered with the United States copyright office. PRINTED IN USA Sports Car Market The information in Sports Car Marketmagazine is compiled from a variety of reliable