Legal Files

Changing Market Presents Challenges

Everyone has their opinion about where the collector-car market is headed, and no one can honestly claim that their crystal ball is clearer than anyone else’s. “Legal Files” won’t claim to know more about the market than the real market experts, whose words appear on other pages of this issue. […]

Cars in the Courts

The COVID-19 lockdown has had a dramatic effect on our society. Among the many dislocations are that people are driving less, interacting less — and trying to stay out of trouble. Also, the courts are pretty much shut down except for essential business. As a result, there haven’t been any […]

Coronavirus Infects the Car Market

As I write this, most of us are working from home, practicing safe social distancing and hoping for a speedy return to “normal.” The COVID-19 pandemic has not only cost many lives, but it has caused severe damage to the world economy. No one knows how long it will be […]

Traps for the Unwary Buyer

Two months ago (February 2020, p. 60), “Legal Files” focused on several traps that unwary sellers might fall into when selling collector cars. This month, we turn the tables and look at ways that a buyer can get into trouble. Get what you’re paying for Perhaps the most critical thing […]

The Perils of Selling Online

Last month’s “Legal Files” made a number of suggestions for sellers of collector cars. The printer’s ink wasn’t even dry when an inquiry arrived from an SCMer who presented a perfect example about how online sales can be troublesome: Dear Legal Files: I recently sold my 1972 Porsche 911 Targa […]

Legal Traps for the Unwary Seller

They say that all good things come to an end — and now it’s time to sell your collector car. While it may seem like an easy thing to do, there are a lot of potential legal land mines waiting for you when you become a collector-car seller. Auctions The […]

Making Old Cars Safer

You’ve probably seen news reports about comedian Kevin Hart’s car crash and his extensive injuries. Despite Internet reports that all involved have “lawyered up” and that a “lawsuit’s almost certain,” we haven’t seen an actual lawsuit filed. Maybe it’s getting filed as you read this, but the lack of a […]

From Auction House to Courthouse

Falcon Woods LLC, a Nevis, West Indies, limited-liability company, was about to cut a fat hog. It had consigned its 1954 Ferrari 250 Europa GT coupe, chassis number 0379GT, to Gooding & Company for its 2018 Scottsdale auction. The estimated sales price for Lot 116 was $1.6m to $2m. Just […]

Trailer Insurance Woes

SCMer Lee Cross, a Shelby enthusiast who organizes the annual GT350 Tour, shared a very interesting story: I am passing along an incident as something that might present a topic with wide relevance to your audience; i.e., the legal technicalities that arise when a collector attaches a trailer to their […]

When a Friend Crashes Your Car

You’re a trusting soul — a nice guy. Your best friend Tom tells you how disappointed he is that his Ferrari is in the shop for an extended stay and he has to miss the next Ferrari Club weekend drive. You have already agreed to spend that weekend with your […]