Legal Files
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Sell Now or Leave the Ferrari to the Kids?
The IRS can’t tax you after you’re gone, so they tax you on the way out Last month, Publisher Martin made some insightful observations about the current state of the collector car market and how collectors should act in (September, “Time to Buy, Sell or Hold?” p. 10). I won’t question Keith’s views of the…
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Porsche Lemon Nets Owner $266k-and the 911
The service advisor explained that the computer did not find any error codes, so there couldn’t be anything wrong Wisconsin attorney Bruce Tammi was a car guy from when he was a kid. His all-time favorites were Porsches, and he owned two of them-a 1978 911 Turbo and a 1999 Carrera. But one night his…
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China Rally to Nowhere
The participants arrive at the hotel in Hong Kong and express their displeasure. The organizer breaks down in tears and runs off. Now what? {vsig}2007-8_2042{/vsig} If you’ve owned collector cars for long, you’ll agree that one of the biggest challenges is finding opportunities to use them. You can drive your Porsche Speedster to the office…
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Here Comes the Judge
Last month, “Legal Files” analyzed the six shots fired by Barrett-Jackson in its lawsuit against Judge David Clabuesch, the unhappy seller of the Ramchargers Hemi ‘Cuda that brought $300,000 at the Scottsdale auction in January. Judge Clabuesch has responded by emptying his own legal pistol, filing a five-count counterclaim against Barrett-Jackson and an accompanying Third…