Just Another $40 Million Buying Spree

While most of the collector car market percolates along, with prices for sound cars appreciating gradually, one segment has ignited with the fury of a Saturn V booster rocket. During the last month, John McCaw of Bellevue, Washington, who made his fortune in the cellular phone business, has spent over $40 million enhancing his already formidable Ferrari collection, and at the same time redefined the values of an entire echelon of Ferraris.
Here are what our informed sources tell Read More

Completely Original (Mostly)

What constitutes an original car? Decipher the following advertisement: “Completely original except for new paint, fresh interior and redone engine.” Exactly what is original about this car? Is the new paint enamel when the original was lacquer? Have the seats been upgraded from vinyl to leather? Has a higher-performance camshaft been fitted when the engine was redone?
It is SCM’s position that originality falls into two categories. The first is “true originality,” which indicates that a car is wearing Read More