When It’s Time to Say Goodbye

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 and waits for us, and when we turn the key, it jumps to its wheels and wags its exhaust pipes. Our favorite cars exist to be Read More

From GTO to Mercer in 72 Hours

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’ 25th anniversary, and we’re having a little dinner to celebrate it at our London headquarters. I hoped you and your daughter would be able to Read More

The Perfect Pairing

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 and more.

The cars spend most of their time sitting, like a faithful dog looking out the window hoping his master will soon be home Read More

Does Value Change with Price?

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 if I’d like to take his PF cab for a drive. I said yes, went to the family home on 20th Avenue in San Francisco, Read More

Buy, Sell or Bubble?

Drew Shipley ©2014, courtesy of RM Auctions

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, combined sales went from $126m to $253m. That’s a 101% increase, and an annualized return of 19%.

The Dow Jones Index, which has reached record Read More

Acceptable Imperfection?

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 time, the price of $18,000 was about right.

Alex was direct in his response. “How much imperfection can you stand?” he said. “You’ll need to fix Read More

Cranking Up the Collector World

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 to London for a dinner at Bonhams’ new headquarters at 101 New Bond Street — a most tony address, in a most tony part of a Read More

A Collector-Car Catechism

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 am offered a great deal on a Ferrari. It’s a 308 GT4, friends tell me they are the last undervalued Ferrari, and they’re sure to Read More

Grooming the Young Collectors

 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 pronounced in Europe, where tight-knit cities and excellent train systems make having your own vehicle increasingly irrelevant — and expensive, due in part to high Read More

A Concours Comes of Age

 Concours d’Elegance is just a fancy name for a fancy car show with fancy awards.

Whether it’s the weekly Beaches Cruisin’, which draws 1,500 vintage cars and thousands of gearheads every Wednesday all summer long in Portland, or the rarified air that surrounds the multi-million-dollar cars at the Pebble Beach Concours d’Elegance — car shows are about owners who enjoy preparing and putting their cars on display and spectators who enjoy gazing at them.

I’ve just had my first visit Read More

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