Collectors lamented that the 2017 Tax Cuts and Jobs Act eliminated our ability to do 1031 Exchanges with our collector cars. After 2017, 1031 Exchanges are limited to real estate. This also means that doing a straight exchange with a car dealer doesn’t work either. That is, going to a Porsche dealer and trading your Ferrari for a Porsche is now a taxable transaction.
But the new law also produced an unexpected new planning technique that is attracting a huge Read More
January 5 was a crisp and clear Saturday in Portland. I had no inkling that my life, in the blink of an eye, was about to turn upside down.
I ran an easy three miles along the Willamette River that morning. That afternoon I watched the NFL playoffs. The Ravens were playing catch-up to the Chargers. I lost interest and decided to take a shower during halftime.
While in the shower I noticed my left leg getting wobbly, but I Read More
Ihad a friend who was cursed with the nickname “Swamp Gas.” Folks called him that because “swamp gas was the only explanation for something that weird.”
Which brings me to the Citroën 2CV.
Yup, that odd little French car that also answers to “deux chevaux.”
From the land of stinky cheese, the 2CV had a long, quirky life, being built in France from 1948 until 1988, with a couple of encore years of production in Portugal from 1988 to 1990.
In 1987, Ferrari celebrated their 40th anniversary, and to mark the occasion launched their most uncompromising road car ever — the twin-turbocharged, 471-bhp, 201-mph F40.
Developed by Michelotto, the F40 LM benefited from enlarged twin IHI turbocharger/intercooler units and advanced Weber-Marelli fuel injection, which increased power to over 700 bhp. A corresponding reduction in weight to just 1,050 kg resulted in predictably awesome performance, whilst the car also featured extensive chassis stiffening, race-specification transmission, uprated brakes and extensively modified bodywork.
Introduced in 1990, the 560SEC AMG was perhaps the most fabled of the “pre-merger” upgraded Mercedes-Benz automobiles. The car was powered with a 6.0-liter engine, producing twice the torque of the original 5.6-liter Mercedes-Benz engine.
Experts believe that only 50 or so of these pre-merger 560s exist — and one is on offer here. On file is paperwork from Japan proving its low mileage, and a full service in the U.K. in 2016.
When considering the greater Ferrari 275 GTB hierarchy, it is clear that chassis 08311 is truly one of the most desirable produced. Boasting aluminum coachwork and six Weber carburetors, 08311 was only the second GTB to be fitted with a torque tube.
In 1980, the car returned to Italy, where it was subsequently purchased by Luigi Compiano of Treviso, Italy, and remained in his vast car collection for nearly four decades.
The current owner had the car restored cosmetically and Read More
The automobile that we present today is just as we found it, belonging to Jan Willem Martens, and is just as we love to discover a car: in used, original condition.
The car runs well, with surprising acceleration. You can hear the superchargers whistling, communicating the personality and potential of this beast. You are behind the wheel of a real race car, built to adapt to circuits or road races such as the Mille Miglia.
The car has never been Read More
This year, the Bentley marque passes its centenary. It is a huge achievement, not least because throughout those 100 years it is a company that has always been associated with the utmost sporting and luxurious cars.
That reputation was founded on the basis of magnificent automobiles like the 6½ Litre offered here today, cars which exemplified style and performance.
Whereas 4-cylinder cars tended to receive lightweight coachwork, the 6½ was not so restrained, so it is not surprising that of Read More