Police return Hallingby’s seized Ferrari; he files a $5 million lawsuit against magazines whose advertisements described it as stolen The December 2008 “Legal Files” reported that 1958 Ferrari 250 PF Cabriolet s/n 0799GT was seized by the Connecticut State Police from the garage of noted car collector and long-time SCMer […]

The seller thought it was enough that the engine was the correct type, built the same time as the Camaro, and that its present number matched the VIN The market places a substantially higher value on “numbers matching” cars, especially in these challenging times. Collectors want the best. Here’s a […]

The court ruled the buyer had opportunities to inspect the car before buying it and to call the seller to ask about the car, and chose to do neither Suppose you have a not-so-nice collector car you want to sell for big bucks. Your best shot might be to list […]

There’s no uniform code of ownership within the EEC, but each country has documents that will protect you in your transaction After John Draneas’s learned article (April, p. 34) on the title pitfalls of buying a collector car in the U.S., here’s a European perspective. Or, as the exam question […]

We are addressing provenance created by the owner after a car’s acquisition, and whether the costs involved can be used to reduce the gain on the sale Many collectors are selling cars they have owned for several years, often for substantially more money than they paid for them. In many […]

High Performance Driver Education coverage insures bad things don’t happen to good people (that’s you) during track days Here’s a man-bites-dog twist to track day crash liability concerns, resulting from a crash at a Dodge Viper Owners Invitational track event at Las Vegas Motor Speedway. Dodge sponsors such events periodically, […]

To rub salt in the wound, the appellate court rejected the Plaintiff’s arguments that he should get a new trial A few years ago, I was in Los Angeles for a professional conference and had a free day, so I visited the Nethercutt Museum in nearby Sylmar. The museum is […]

We were surprised to see that the Ferrari’s title had Rick’s signature forged on it, and the Italian shipping company was listed as the new owner. Dear “Legal Files”: My husband Rick and I, along with our friends, have encountered a bizarre set of circumstances with Shakespearean elements of trust […]

A better alternative for Californians may be the use of a Montana business entity, because Montana would allow a legal, tax-free registration of the car The March 2009 “Legal Files” regarding sales tax triggered two helpful responses from attorneys, which suggested the need for a follow-up on this subject of […]

Take due diligence steps to protect yourself, even though that interferes with the red mist that materializes when you find the collector car of your dreams Most states issue certificates of title for cars, often referred to as “pink slips” because of their color (in California, at least; other states […]