It’s a miserable, wet, 45-degree day in Portland as I compose this. And for the first time in a decade, I have missed the 44th annual Always-in-April Portland Swap Meet.
Billed as the largest event of its kind west of the Mississippi River, it claims to have over 4,200 vendor stalls and 50,000 shoppers. An event held at Portland International Raceway, just next door, attracts a large crowd as well.
But as I have said before, swap meets Read More
As I look at these pictures of my children, Alexandra and Bradley, taken 16 years apart, I wonder what kind of automotive world they will inherit.
We Baby Boomers are the last generation to experience raw, unregulated cars as daily drivers; those built from 1955 through 1974 represent a golden age of motoring. Engineers and stylists answered only to their own whims and the marketplace, with no concerns about government safety and environmental regulations.
Egg-shell bumpers Read More
At times, being at the epicenter of a collector car weekend is like sitting in a command bunker. In Scottsdale, SCM’s boots-on-the-ground team included nearly 20 market analysts, staff, and support crew.
During the weekend, they fanned out to all the events, notebooks and cameras in hand, and began submitting their reports back to HQ. Each sale or no-sale immediately became part of the emerging new market reality. They also engaged in numerous conversations with buyers and sellers, getting a Read More
If I worked in a regular job, I would surely be fired for sending
and receiving so many links about collectible cars for sale
First, I’d like to thank SCMers Craig Wood, of Brighton, Michigan, and Donald Sanders, of Durham, North Carolina, for being so quick to respond. When I wrote in the January issue that I was looking for an Alfa GT Junior or two-headlight GTV, they responded nearly as Read More
In my 20 years of writing about the market, I have never seen high-end cars accelerate in value like this
For the first time in two decades, we’re considering pulling a tattered banner out of storage and hoisting it above SCM world headquarters. It bears the fabled words of Monterey Sports Car Auction founder Rick Cole: “You can never pay too much; you can only buy too soon.”
I never Read More
We began to wonder if the BMW had had some conjugal visits with our
failure-prone Fiat 2100 and been the recipient of its DNA
You might think that with all the transactions we track, and all the conversations we have, the principals at SCM world headquarters would make nothing but brilliant deals. We’d buy perfect cars cheap, have no repairs or unexpected surprises during their time with us, and then Read More
If you’re reading SCM, chances are you’re an enthusiast. Your friends may uncork a vintage Barolo and marvel over the bouquet; you’d just as soon go out to the garage and inhale the gasoline and oil vapors that constantly seep out of a vintage car.
This has been an exceptionally busy year for me and SCM, as well as our parent corporation, Automotive Investor Media Group. We’ve launched a new magazine, Corvette Market, to critical acclaim, and subscriptions and Read More
Buckle your seatbelts and tighten your shoulder harnesses. Based on the results from Monterey, the collector car market is in the midst of a wild and woolly ride, with little way of predicting the crests and valleys in the year ahead.
There are a few things we can all agree on as we plow through the voluminous reports by SCM analysts in this issue. First, both American classics and European sports cars continue to climb-some with reason and some Read More
As the market continues to surge toward all-time highs and surpass the prices made 18 years ago, questions about authenticity and provenance continue to be one of the keys to valuation. As we noted in our review of RM’s blockbuster $45m Maranello sale (September, p. 68), we believe cars that had a Ferrari factory Certificate of Authenticity consistently brought better money than they would have without.
The reasons are simple. For a Ferrari, there is no higher authority of Read More
It’s been nearly 25 years since we’ve seen prices like this in the sports and exotic market. As nearly everyone knows by now, RM came within just $500,000 of setting the record for the most expensive car ever to sell at auction at their Maranello sale, where the 330 TRI/LM, s/n 0808, brought $9,281,250. It is our cover car this month, and ably profiled by Steve Ahlgrim inside this issue.
The previous high sale, long ago in 1987, was Read More