Shifting Gears

At the highest level of the U.S.-based catalog-sale collector car auctions, Gooding & Company and RM Auctions are the major players, with Bonhams now a hard-charging, fast-rising contender. All three of these companies are now going toe-to-toe in Monterey, Scottsdale and Amelia Island. There will be no shortage of high-dollar fireworks as billionaires compete for…

  Is it fair to say that we love our cars? Over time, we develop relationships with them based on the things we have done with them — from changing spark plugs to repairing upholstery to going on tours and rallies. In a way, a favorite car is like a faithful Labrador retriever. It sits…

It was late on a Wednesday afternoon, and I was hoisting the Coleman tent and sleeping bags onto the roof rack of our Defender 90 in preparation for the weekend’s vintage Land Rover tour. Then the phone rang. It was Jamie Knight, Group Director of the Bonhams Motoring department. “Hello Keith,” he said. “It’s Bonhams’…

As the SCM fleet continues to grow, I am beginning to wonder just why we need so many old cars. We currently have eight collector vehicles, ranging from a 1958 Giulietta Sprint Veloce to a 2000 Viper GTS ACR. That means eight insurance bills, eight parking stalls, eight sets of maintenance records, eight battery chargers…

I recently came across a photo taken just after the 1992 California Mille. It showed me in a Ferrari PF cabriolet S2, along with my grandmother, Dorel McDowell. I recall exactly how she came to be in that car. When I finished the tour, in my 1958 Giulietta Spider Veloce, one of the participants asked…

The collector car market is steamrolling along with the largest price increases we’ve ever seen. From 2009 to 2013, combined sales of all the auctions in Monterey jumped from $120m to $308m. That $188m increase in four years represents a 157% change, and a return of 26.6% per year. For Scottsdale, from 2010 to 2014,…

  Many years ago, I was considering buying a Mercedes 230SL and called Mercedes guru, SCM contributor and collector Alex Dearborn to ask for his advice. I told him the car was straight enough, a little scruffy in and out, would need a torn swing-axle boot replaced, had a 4-speed and both tops. At that…

  I love the way the collector-car year launches. Arizona in January is like Mardi Gras, with cars to be auctioned replacing floats. The procession of delectable automobiles is non-stop, with the six big auctions pulling out all the stops. For me, the action started earlier this year than usual. It included a quick trip…

At times, the SCM offices resemble an automotive confessional. Emails, texts, Facebook postings, faxes and sometimes even old-school, hand-written letters flood in — each missive asking for collector-car absolution or permission. “Dear SCM, please forgive me as I have sinned and bought a car over the Internet without seeing it in person… again.” “Keith, I…

 There’s no question that America’s love affair with the car has changed dramatically. The New York Times and Wall Street Journal regularly report on the decline of numbers of driver’s licenses among young people, of fewer miles being driven and declining sales figures of new cars. This lack of interest in driving is even more…