The Triumph of Time

Fifty years ago, Bob Russell was driving home from work when a flashy red sports car caught his eye.

“I had been thinking that we needed a second car, and my wife needed to learn to drive a stick,” Russell, 84, said. “So I just bought it.”

He brought the 1962 Triumph TR3B home and presented it to his wife, Wanda. It has been in their family ever since. He recalled fitting a single seatbelt in the rear to strap Read More

Martin Swig, 1934–2012

He lived on his own terms

I only saw Martin Swig two or three times a year. So the fact that he is now gone, forever, doesn’t create an immediate void. Instead, there’s a small, dull ache that will become a little more apparent each August when I think about his traditional Sunday night party on the last night of Monterey Car Week — and there will be no Martin to swap tales Read More

GTOs and Cobras: Investments or Insanity?

Here at SCM, we like to maintain two simultaneous views of the collector world, with one seen through a long-range spotting scope, and the other viewed through close-range binoculars.

For example, in the short-term viewfinder, the sale of a 250 GTO for $35m is a breathtaking escalation of the value of these most-watched Ferraris. Long term, isn’t it a sign that GTOs are finally being valued correctly?

And with Carroll Shelby’s death, our inbox is already full of “mourning Read More

12 Years of SCM — Searchable Online

We expect instant gratification from our computers. Type in “How many times have Ferraris won at Le Mans?” “Nine,” Wikipedia answers instantly.

How many Corvettes have been sold since 1953? More than 1.3m, you learn after a few keystrokes. What’s the current wheel-driven land speed record over one mile? You’re an instant expert as your computer spits back, “470.444 mph, set by Don Vesco at Bonneville in October of 2001.”

SCM Read More

From Car Show to Concours

In the course of a year, I attend at least 30 car shows, ranging from the Beaches Cruisin at Portland International Raceway to maximus supremo, the Pebble Beach Concours d’Elegance. Despite wildly varying locations, audiences and car offerings, I have come to recognize that the shows have more in common than they have differences.

As fascinating to me as the cars on display is the back end of the shows. Deciding on classes, inviting cars, recruiting and training judges, Read More

Sometimes You Just Say No

Whether it’s a cheap car or a million-dollar one, some elements of the buying decision are the same. And sometimes, even though a car is priced right and is in excellent condition — in fact, it is just what you have been looking for — saying no and walking away is the absolute right decision.

Being in the hunt for a car is like having an itch that needs to be scratched. Some cars pop onto my radar because I Read More

Two Coasts, Two Weekends, 5,000 Cars

“To Infinity, and Beyond!” That’s how I felt as I left Scottsdale, AZ, where 2,694 cars had crossed the block, and headed to Kissimmee, FL, where another 2,326 consigned vehicles were looking to find new owners.

For 25 years, attending the January auctions in Scottsdale has been a fixture in the SCM calendar and in my personal life. A detective could easily determine my profession by looking at my Outlook calendar — there, Read More

The Future of Collecting

Dear Mr. Martin,

I’m a 20-year-old college student from Dallas, TX. I’ve been a car guy since birth. A few years ago I stumbled upon television coverage of Barrett-Jackson and Mecum, and that’s when I discovered my passion for the collector car market.

However, whenever I watch televised car auctions, I notice that the majority of the crowd is composed of middle-aged and older men. I rarely see young guys my age. And that seriously worries me.
Although I’ve Read More

The Anatomy of a Buy

Chances are good that you are preparing for the Scottsdale five-ring circus while you’re reading this. You’ve pored over the SCM Arizona supplement and used the digital edition to instantly link to the auction company web sites.
You’ve probably hooked up with a transport company, insurance company and even a finance company so that you’ll have your ducks in a row when you get there. Your bank letter of credit has been issued, and you’ve made arrangements to have Read More

Successful Collecting? Trust the Force

“I’ve never owned a collector car, and I’d like to get into the hobby. How should I start?”

It’s a question we hear often. The path to collector car happiness is relatively straightforward; regular readers of SCM are familiar with our maxims. But this, our first issue of the new year, is a good time to revisit them.
Here are three things to keep in mind as you start your search for your first collector car, and to revisit if Read More

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