Last month, “Legal Files” gave a behind-the-scenes report on the settlement of the Cunningham Corvette case, explaining how hard it is to really be a winner in litigation and why settlements almost always make sense (September 2015, p. 70). This month, it’s the other side of the story — an […]

  The long legal battle over ownership of the #1 Briggs Cunningham 1960 Le Mans Corvette is over. When we last wrote about this fascinating case (January 2014, p. 42), the parties were about to argue a motion to dismiss the lawsuit entirely, which was not granted. A few weeks […]

We’ve read about many court cases involving collector cars, but here is a new one — a father and son in a bitter court battle over the ownership of a four-car Lancia Stratos collection. The cars are a 1971 HF, a 1975 HF Silhouette Turbo, a 1975 Stradale street car […]

  Last month, “Legal Files” focused on ways that a buyer can protect himself in a collector car purchase transaction. This month, we are focusing on how the seller can protect his interests. In today’s hot collector car market, the seller’s main problem is not getting the car sold, but […]

  The collector car market has been very strong the past few years, and many cars are trading at prices that were unheard of not long ago. An unfortunate consequence of today’s market is that mistakes can cost a lot more than they did before. There also is a perception […]

Collector car insurance policies are the coverage of choice for car collectors. The premiums are very low, and you get better service and claims treatment. But while collector car insurance policies, as a class, are almost always superior to your basic consumer auto insurance policy, they are not all created […]

  A recent Federal District Court decision in Illinois should be of serious concern to auction bidders. If it stands, we might all have to take a full coterie of mechanics and consultants with us to each auction. Our plaintiff, “Ted,” was a successful bidder at a 2011 auction. (“Legal […]

We all know that it’s going to be windy when a low-pressure area bumps up against a high-pressure area. The difference in air pressure sucks air into the low-pressure area until the pressures are equalized. “Legal Files” recently reported (June 2014, p. 54) how this same principle applies to economic […]

Legal Files” gets a lot of questions, but the most frequent is: “How can I do a 1031 exchange with my collector car?” This is not much of a surprise. Many readers who have owned their collector cars for some time have realized significant appreciation they want to cash in […]

George felt his time was coming. He was through with his studies and was just getting established in his career. Unburdened by a wife or kids, he had been able to save up some money and he was ready to have some fun with it. His interest in collector cars […]