Want to read this issue? To get started, subscribe here, or sign in!

Search This Issue

Page -1

EXPANDED ISSUE: 77 PAGES OF SCOTTSDALE COVERAGE Keith Martin's The Insider's Guide to Collecting, Investing, Values, and Trends Sports CarMarket SIZE MATTERS 1932 Daimler Double Six —$3m April 2009 www.sportscarmarket.com 1,726 Cars Sold, $133m $204k for Allard's Racer 1929 Ford Tri-Motor Brings $1.2m Simon Hope: A British Trek to the Desert

Page 8

Sports CarMarket Keith Martin's The Insider's Guide to Collecting, Investing, Values, and Trends 44 Daimler: Loooong on class April 2009 . Volume 21 . Number 4 50 Firearrow III: What a concept 46 Miura P400 S: Bull in a bear market IN-DEPTH PROFILES What You Need To Know FERRARI 40 2003 Ferrari Enzo Ferrari—$1,265,000 Maranello's supercar of record continues to appreciate. Steve Ahlgrim ENGLISH 44 1932 Daimler 40/50 Double Six Sport Saloon—$2,970,000 Large and in charge. Simon Kidston ETCETERINI 46 1971 Lamborghini Miura P400 S—$308,000 Market-correct result for this loveliest of Lambos. Donald Osborne GERMAN 48 1957 Mercedes-Benz 300SL Roadster—$242,000 Bargain? Beater? It takes a watchful eye... Alex Finigan AMERICAN 50 1954 Dodge Firearrow III Concept—$880,000 A winner with Exner styling, Ghia body, and Hemi power. Carl Bomstead RACE 54 1947 Steyr-Allard Hillclimb Racer—$203,500 Sydney Allard's unbeatable machine wins on the block. Thor Thorson GLOBAL AUCTION COVERAGE 198 Cars Examined and Rated at Six Sales BARRETT-JACKSON 58 Scottsdale, AZ: Scottsdale's biggest auction sells 1,075 cars for $60.8m. Dan Grunwald and Paul Duchene GOODING & COMPANY 70 Scottsdale, AZ: Seven million-dollar sales headline this second-annual $32m event. Donald Osborne RM AUCTIONS 84 Phoenix, AZ: Sports cars and classics total $18.2m at the Arizona Biltmore. Carl Bomstead RUSSO AND STEELE 98 Scottsdale, AZ: Russo's hometown event grosses $17.5m, led by a '55 300SL Gullwing at $660k. B. Mitchell Carlson SILVER AUCTIONS 106 Fountain Hills, AZ: Totals fall from $6.6m to $3.5m at the Fort McDowell Casino. Lance Raber and B. Mitchell Carlson EBAY MOTORS 112 The pimpinest of pimpmobiles. Geoff Archer Cover photograph: Gooding & Company Miura and Firearrow Photos: Darin Schnabel

Page 12

42 Sheehan Speaks: Scottsdale Recap COLUMNS 16 Shifting Gears Tuning up the collector car market Keith Martin 32 Affordable Classic Morris Minor—the best “people's car” Rob Sass 34 Legal Files How to make sure you really bought it John Draneas 42 Sheehan Speaks Scottsdale prices settle down Michael Sheehan 52 Domestic Affairs Charlotte Speedway Camaro paces to $258,500 Chip Lamb 116 Motobilia Barrett-Jackson motobilia comes on strong Carl Bomstead 118 Bike Buys The curse of the zero-mile Ducati John L. Stein 130 eWatch What to do when sellers can't answer your questions Carl Bomstead FEATURES 36 Englishman in Arizona: Notes from a desert rookie 38 Collecting Thoughts: 1929 Ford Tri-Motor DEPARTMENTS 18 Crossing the Block / Auction Calendar 20 The Inside Line 22 Contributors 24 You Write, We Read 26 Display Advertisers Index 28 Neat Stuff 30 In Miniature 30 Book Review 88 Glovebox Notes: 2009 Toyota RAV4 Sport, 2009 Mitsubishi Lancer GTS 94 Alfa Bits 113 Fresh Meat: 2008 Ferrari 599 GTB, 2009 BMW X6 xDrive 50i, 2009 Shelby GT500 KR 120 Mystery Photo 120 Comments with Your Renewal 122 Showcase Gallery 126 Resource Directory

Page 14

Shifting Gears Keith Martin The New Market S ince the end of the Scottsdale auctions, the flow of emails, letters, and phone calls has been relentless. Half are shrill diatribes, demanding that SCM support the market. Any description of prices as falling, or buyers being cautious, is viewed as sabotaging the market. The second half contends that SCM is soft-pedaling the truth and doing our readers a disservice by not pointing out just how bad things really are. They accuse us of whitewashing the trends of the past six months, and painting a happy face on an Emmett Kelly-style frowning clown. In our opinion, reality lies somewhere in be- tween these two points of view, as the collector car market is clearly undergoing a correction. But just as clearly, it is not suffering as severely as some other parts of the economy—judging by the results from the Arizona auctions. Welcome to today Now, we're in a perfect storm. The economy has been in a downward spiral for months and consumer confidence is extremely low. Second, it is also nearly impos- sible to get credit for anything, let alone collector cars, whose value may be headed south. Even for the ultra-wealthy, buying a $5m car merits serious thought if that money won't be available to meet other, perhaps pressing, needs. For those with less than perfect credit, inability to get a loan for a $50,000 car through a bank or through home equity (quaint term, that, home equity) may simply mean putting off the pur- Why didn't I take that last bid? The bottom Line You'll find details from the Arizona auctions in this special, expanded version of SCM, starting on p. 56. In short, for the five auctions that occurred from January 12–18, results were down $25,566,099 from 2008 to 2009, a 15% drop. For those of us holding stock in Bank of America, or trying to sell vacation property in Florida, a mere 15% drop would seem like a major win. Sellers were still embracing the market, as there were 110 more cars consigned this year—2,343 in 2009 to 2,233 in 2008. Only 158 fewer cars sold—1,726 in 2009, down from 1,884 in 2008. Let's look a little deeper into the results. If you take Barrett-Jackson's $60.8m out of the equation (down from $84m in 2008), the total of the other sales barely moved, from $74m in 2008 to $72m in 2009, a mere 3% difference. But things have changed more than that. Auctions are just the tip of the iceberg. As we analyze the overall results, and factor in what candid dealers and collectors are telling us, we believe the market has dropped at least 10% overall since last August for important cars, and more for less desirable ones. The Big Three of values We contend that there are three primary factors that go into the market's valuation of collectible cars. The first is confidence in the economy. So long as there is a sense that things are moving in the right direction, buying something frivolous like a collector car, or boat, or vacation home can be justified. The second is availability of credit. If a collector pays for his cars in cash, as many do, and his access to credit and capital is easy, he is not worried about tying up a chunk of his assets in a car. He has faith he has access to additional capital if he needs it. Finally, there is the quality of the object itself, in this case the col- lector car. Rarity is a prime determinant of value, as are historical significance and condition. From 2005 through early 2008, we had a boisterous economy, with the Dow reaching an all-time high of 14,164 on October 9, 2007. Everyone wore smiles, and banks were loaning money to anyone who could fog a mirror. Oddly, these two factors combined to make the third factor—the quality of the item—less important. Ferrari SWBs were in such demand that it didn't matter which one of the 122 was being offered; all that mattered was that it was for sale. Each “lesser” car that sold for a record price simply drove up the prices of the better ones. But everything that was for sale, sold. 16 chase. Finally, there is the quality of the object, or car, itself. The tanking of prices in the muscle car market for sub-prime examples over the past two years has been welldocumented in these pages. The same phenomenon is now appearing with exotic, classic, and sports cars. If there is any question about a car's history or authenticity, its value can take a major hit. If a car has the wrong engine, or has been color changed, or has been restored by someone who doesn't have a national reputation, it will have to be substantially discounted or it can become nearly saleproof. More, if a car isn't “fresh to market” and has been shopped around, it will become difficult to sell. Stories begin to circulate, and buyers wonder what makes them so smart if everyone else has passed on the car. That is especially true at high-profile auctions, where the best money is invariably achieved by fully documented cars that are making their initial appearance on the open market. Looking back, looking forward What we learned in Scottsdale was that the collector car market is going through one of its periodic corrections. At least as of this writing, it has not collapsed like Lehman Brothers or the values of condos in Florida. And I don't suspect that it will. Cars, as tangible objects, can provide a relatively safe harbor when everything else is in disarray. In addition, they provide a secondary value of use and enjoyment, absent in most investments. If you bought a 275 GTB/4 a year ago for $1.5m and were savoring the opportunity to sell it at $2m and pocket a quick windfall profit, I'm sorry. If you bought one ten years ago for $300,000 and were holding out for $2m, I'm sorry as well. However, if you always wanted one but could only afford $1m, this could be your happy day. I believe the correction we are in will result in only the best cars bringing top prices, and even those will be down 15% to 20% from a year ago. Lesser cars will devalue more and be much harder to sell. Sellers have been slow to accept the end of the steady—then dra- matic—price appreciation they have enjoyed for the past few years. That party is over. Things will begin to stabilize as early as this summer. The U.S. government seems determined to rejuvenate the economy, and the degree to which it succeeds will be reflected in part by the buoyancy of the collector car market. Collector cars are not essentials, like housing, bread, or milk (or even a good Oregon Pinot Noir, some might add). When times are tough, buyers become more thoughtful, transactions slow down, and sellers have to accept a new reality. It's not the end of the world, it's just a different one. ♦ Sports Car Market

Page 16

Crossing the Block Jim Pickering Column Author For more information about events marked with (*), see our exclusive 3rd Annual Insider's Guide to the Florida Auctions that was delivered with your March issue, or download it at www.sportscarmarket.com/downloads/Florida2009.pdf 1938 Packard Twelve Victoria at Worldwide Worldwide Auctioneers— The Weinberg Collection* Where: Escondido, CA When: April 3–4 More: www.wwgauctions.com A number of well-restored American classics will be offered at this all no-reserve sale of the J. Weinberg Collection, including a 1938 Packard Twelve Victoria, a 1957 Oldsmobile J-2 convertible, a 1960 Cadillac Eldorado convertible with factory a/c, a 1965 Pontiac 2+2 421 convertible, and one of ten known factorydelivered dual-carb 1956 DeSoto Sportsman convertibles. Tom Mack Classics— Spring Fling Auction Where: Charlotte, NC When: April 3–4 More: www.tommackclassics.com Lowe's Motor Speedway will play host to this semi-annual event, with 300 cars expected to cross the block. Fifty-two no-reserve lots from the Steve Green AMC Collection will be featured, most of which have very low miles, including three AMXs, a '74 Javelin AMX, a '70 Rebel Machine, the last Matador produced, and several Gremlins, Pacers, Ambassadors, and Hornets. RM Auctions— Classic Car Auction of Toronto Where: Toronto, CAN When: April 3–5 More: www.rmauctions.com Last year: 171/358 cars sold / $4m Approximately 400 cars will cross the block at this year's spring edition of RM's hometown auction, which is the largest event of its kind in Canada. 18 Featured lots include a 1953 Mercury convertible, a 1957 Pontiac Laurentian convertible, a 1957 Ford Thunderbird, and a 1969 Pontiac GTO Ram Air IV convertible. Barrett-Jackson— West Palm Beach 2009* Where: West Palm Beach, FL When: April 9–11 More: www.barrett-jackson.com Last year: 493/493 cars sold / $23m Although smaller than the company's flagship Scottsdale event, Barrett-Jackson's second yearly sale typically sees some big numbers in its own right, with last year's totals nearing $23m for close to 500 cars. The Speed Channel will return to offer live coverage of the auction, which will feature everything from American muscle to European classics, all at no reserve. The “Project American Heroes” 1969 Camaro featured in Super Chevy magazine will headline this year's auction, with all proceeds from its sale going to benefit the Armed Forces Foundation. Cox Auctions—The Branson Auction* Where: Branson, MO When: April 17–18 More: www.bransonauction.com Last year: 144/210 cars sold / $3.5m The Branson Convention Center will again play host to this 250-car event, which will feature a 1961 Jaguar XK 150 drophead coupe, a factory fuel-injected 1957 Chevrolet Bel Air convertible, and a 1933 Duesenberg Model J sedan commissioned by the Countess Porceri of France and thought to be one of only two bodied by Franay. Auction Calendar All dates listed are current at time of publication. Contact information for most auction companies may be found in the Resource Directory at the back of this issue. Please confirm dates and locations before attending any event. Email auction info to: jim.pickering@sportscarmarket.com. MARCH 6-7—KRUSE San Diego, CA 7—CHEFFINS Bristol, UK 8—BONHAMS London, UK 9—SHANNONS Melbourne, AUS 14—H&H Coventry, UK 14—RM Amelia Island, FL 14-15—ICA Gilbert, AZ 18—BRIGHTWELLS Herefordshire, UK 20-21—KRUSE Las Vegas, NV 20-21—MECUM Kansas City, MO 20-21—SANTIAGO Rogers, AR 21—LEAKE San Antonio, TX 21—SILVER Seattle, WA 23-24—BARONS Surrey, UK 27-28—KRUSE Daytona Beach, FL APRIL 3-4—KRUSE Shaumburg, IL 3-4—WORLDWIDE Escondido, CA 3-4—TOM MACK Charlotte, NC Sports Car Market 3-5—RM Toronto, CAN 5—BONHAMS & GOODMAN Sydney, AUS 9-11—BARRETTJACKSON West Palm Beach, FL 16—H&H Buxton, UK 17-18—COX Branson, MO 17-19—KRUSE North Palm Beach, FL 20—BONHAMS Hendon, UK 23-24—CARLISLE Carlisle, PA 25—CHEFFINS Cambridge, UK 25-26—RM Novi, MI 25—KRUSE Amarillo, TX 26—BONHAMS Stafford, UK 27-28—BARONS Surrey, UK MAY 2—KRUSE Huntsville, AL 2—WORLDWIDE Houston, TX 4—SHANNONS Sydney, AUS 9—BONHAMS Newport Pagnell, UK 9—SILVER Salt Lake City, UT 13—SILVER Spokane, WA 13-17—MECUM Indianapolis, IN 15-16—KRUSE Charleston, SC 17—RM Maranello, ITA 18—BONHAMS Monte Carlo, MON 22-23—KRUSE Paso Robles, CA 28-31—KRUSE Auburn, IN Bonhams—The RAF Museum Where: Hendon, UK When: April 20 More: www.bonhams.com Last year: 53/61 cars sold / $3.1m The vintage aircraft displays of the Royal Air Force Museum will serve as backdrop for this annual Hendon sale, which typically sees in the neighborhood of 60 to 75 consignments. Featured this year is the ex-George Milligen 1904 Gardner-Serpollet steam car, which is estimated to bring between $150k and $220k. Carlisle Auctions—Spring Carlisle* Where: Carlisle, PA When: April 23–24 More: www.carlisleauctions.com Last year: 106/238 cars sold / $2m Carlisle's first sale of 2009 is expected to draw over 250 cars, and this year's show will take place at a new time on Friday evening, allowing buyers and sellers to enjoy all the events at the fairgrounds before the auction starts. Expect to see an all-original 1947 Cadillac Series 62 sedan, a 1956 Corvette convertible, and a 1968 Mustang convertible. ♦

Page 18

IColumn Author nside Line Stefan Lombard Send news and event listings to insideline@sportscarmarket.com. News ■ Vintage car retail site Racingdeal.com is working with the Vintage Racing League to build the world's largest social network for people who love vintage racing and vintage cars. The network, MyVRL, integrates the capabilities of both companies and allows owners and fans to share their passion for vintage racing and vintage cars. Users create detailed profiles and can chat live, upload images and video, post cars and parts for sale, find groups, and lots more. It's like MySpace, but cool. Visit www.myvrl.com to join. ■ Watkins Glen International opens its gates for the 2009 season the weekend of April 25–26, and David Bull Publishing will be there to present a tribute to racer Mark Donohue. Events will include the first release of a new biography of Donohue (as yet untitled), written by Michael Argetsinger, a special display, and laps of the track with historic Donohue cars. Family, friends, and team personnel will be on hand as well, and the author will be signing books. Visit www .racingarchives.com for more. Events ■ The 19th Bell Lexus Copperstate 1000 returns to Concorso d'Eleganza Villa d'Este the great Southwest April 4 to 8. The thousand-mile route is slated to kick off from Tempe Diablo Stadium, with stops in Flagstaff and Sedona, and sight-seeing adventures to (and over) the Grand Canyon by either Cessna or Ford Tri-Motor. The event is limited to cars built before 1973 and is a driving staple for SCMers, who usually make up about two-thirds of the field. See all you need to know at www.copperstate1000.com. (AZ) ■ The Petersen Automotive Museum has a full plate in April. In addition to its many regular and rotating exhibits, the museum will host a panel discussion on April 7 entitled “What Were They Thinking? Industry Perspectives.” Noted experts from various areas of the automotive industry will share their experiences with different vehicles and the public perception surrounding them, with particular emphasis on the success and failure of certain models and the contributing factors for such. And April 26 will be the final chance to view General Motors Art, an exploration of the history and innovation of GM's automobiles as seen through the eyes of AFAS artists. Admission is $10 for adults. Visit www.petersen .org for details. (CA) ■ The Tour Auto, now called the Tour Auto Optic 2000, kicks off April 20. The 18th annual rally will follow a new route from Paris to Dijon and the Circuit de Bresse, then northeast into Luxembourg and Belgium's legendary SpaFrancorchamps, finally heading south and west through Dieppe and ending at Deauville on April 25. Five legs will cover about 2000 km, with several special stages sure to challenge the nearly 200 participants. Eligibility requires a model that could have raced in the original Event Calendar Mar. 31-Apr. 5—Vancouver Auto Show (CAN) www.vancouverinternationalautoshow.com Apr. 1-5—Techno-Classica Essen (DEU) www.ciltd.co.uk 2-5—AACA Southeastern Nat'l Spring Meet (NC) www.aaca.org 3-4—Classic Endurance Racing (ESP) www.classicenduranceracing.com 3-5—Savannah Historic Grand Prix (GA) www.historicgrandprix.com 4-8—Copperstate 1000 (AZ) www.copperstate1000.com 16-19—Top Marques Monaco (MCO) www.topmarquesmonaco.com 17-19—Ferrari Historic Challenge (GA) www.ferrarichallenge.com 20-25—Tour Auto Optic 2000 (FRA) www.tourauto.com 22-26—Spring Carlisle Swap Meet (PA) www.carlisleevents.com 24-26—Concorso d'Eleganza Villa d'Este (ITA) www.concorsodeleganzavilladeste.com 25-26—Watkins Glen Opening Day (NY) www.theglen.com 25-30—California Mille (CA) www.californiamille.com At the Petersen: What were they thinking? 20 Sports Car Market Tour de France between 1951 and 1973. Visit www.tourauto .com for more. (FRA) ■ Situated on the lawn of the Grand Hotel Villa d'Este alongside Italy's Lake Como, Concorso d'Eleganza Villa d'Este is Europe's premier concours. With a history dating back to 1929, the event attracts some of the finest vintage cars from around the world. The concours focuses on design, originality, and preservation, with special awards for contemporary concept cars, in addition to traditional awards for best in choice, guests' choice, and class awards. The show runs from April 24 to 26, and tickets are $16.25. www.concorsodeleganzavilladeste.com. (ITA) ♦

Page 20

SCM Contributors CARL BOMSTEAD bought his first car when he was 14 and reckons 100 or more have passed thought his garage since then. He's partial to Full Classics, but can't ignore a good sports car or hot rod. His vintage automobilia collection includes hundreds of porcelain signs, mascots, oil cans, and several display cases full of automotive memorabilia. Bomstead has judged at the Pebble Beach Concours d'Elegance for the last 13 years and served as Chief Judge at the Kirkland Concours d'Elegance for its first three years. He was all over the place for SCM in Scottsdale, and this month you'll find his coverage of B-J automobilia on p. 116 and his regular “eWatch” on p. 130. His RM coverage begins on p. 84, and he profiles the 1954 Dodge Firearrow III from that sale on p. 50. B. MITCHELL CARLSON grew up in rural Minnesota, where he developed an early interest in tractors, trucks, and muscle cars. He took to “junkyarding” while stationed at Minot AFB, and a three-year stint in W. Germany tickled his fancy for German cars. Carlson shuns what he calls “single-marque tunnel vision” and takes great pride in his “vehicular diversity,” which basically means Corvairs, Packard Eights, BMW 2800s, and a Whizzer motorbike. He attends about two dozen auctions a year and has contributed his colorful commentary to Sports Car Market since 1998. His work regularly appears in Old Cars Weekly, and he is an advisor to Kelley Blue Book. As always, BMC was on the ground in Arizona, and you'll find his coverage of Russo and Steele's annual sale on p. 98 and his thoughts on Silver on p. 106. ALEX FINIGAN pulled a stack of Hot Rod magazines from a neighbor's garbage can in 1957 and has been into cars ever since. He quit his first post-college “real job” by taking a long, long lunch, and has yet to return. Armed with his grandfather's small tool chest and a copy of John Muir's VW Repair for the Complete Idiot, he opened a small VW / Porsche repair shop and never looked back. For the past 31 years, he's been employed at Paul Russell & Co., first as a mechanic, and then for the last 22 years as Sales Manager. On p. 48, he gives you his $.02 on the 1957 300SL Roadster sold at Gooding. Sports Car Market Publisher Keith Martin keith.martin@sportscarmarket.com; 503.261.0555 x 210 Art Director Kirsten Onoday kirsten.onoday@sportscarmarket.com; 503.261.0555 x 202 Executive Editor Paul Duchene paul.duchene@sportscarmarket.com; 503.261.0555 x 206 Managing Editor Stefan Lombard stefan.lombard@sportscarmarket.com; 503.261.0555 x 203 Auction Editor Jim Pickering jim.pickering@sportscarmarket.com; 503.261.0555 x 208 Copy Editors Yael Abel, Kristen Hall-Geisler, Bill Neill Senior Auction Analysts B. Mitchell Carlson, Carl Bomstead Auction Analysts John Clucas (Australia), Daniel Grunwald, Paul Hardiman (Europe), Jérôme Hardy (Europe), Chip Lamb, Norm Mort (Canada), Dale Novak, Phil Skinner Contributing Editors Steve Ahlgrim (Ferrari), Gary Anderson (English), Colin Comer (Muscle Cars), John Draneas (Legal), Donald Osborne (Etceterini), Jim Schrager (Porsche), Michael Sheehan (Ferrari), Thor Thorson (Race Cars) Contributors John Apen, Diane Brandon, Marshall Buck, Miles Collier, Martin Emmison, Paul Hardiman, Simon Kidston, Raymond Milo, Rob Sass, Steve Serio Senior Web Developer Jerret Kinsman jerret.kinsman@sportscarmarket.com; 503.261.0555 x 212 Information Technology/Internet Bryan Wolfe bryan.wolfe@sportscarmarket.com; 503.261.0555 x 215 Financial Manager Nikki Nalum nikki.nalum@sportscarmarket.com; 503.261.0555 x 205 Strategic Planner Bill Woodard Print Media Director Wendie Martin wmartin@enthusiastmediagroup.com; 206.427.1652 Executive Producer, SCM Television Roger Williams roger_williams@earthlink.net ADVERTISING Display Advertising Executives Ted Alfano ted.alfano@sportscarmarket.com; 877.219.2605 ext. 211 Cody Wilson cody.wilson@sportscarmarket.com; 877.219.2605 ext. 213 Classified Advertising classifieds@sportscarmarket.com SUBSCRIPTIONS Subscriptions Coordinators Mary Artz, Jennifer Davis-Shockley subscriptions@sportscarmarket.com; 503.261.0555 x 204 To order new subscriptions 800.289.2819 SIMON HOPE is the Managing Director and chief auctioneer of H&H Group Holdings, Limited, Europe's largest specialist auctioneers of classic and collector vehicles, motorcycles, bicycles, and aircraft. He has been auctioning in specialist commodities for over 30 years, 20 or more of them in the world of collectibles. Hope is an avid vintage car enthusiast and has owned various veteran, pre- and post-war machines, and he has a soft spot for sporty dropheads. He races with many clubs and associations around the world in a variety of vehicles—single seaters, sports racers, saloons, and presently a '64½ Mustang, '62 Lotus 7, and a '32 Alfa Monza. He made his first visit to Arizona in January, and SCM put him to work. Read all about it on p. 36. Questions about current supscriptions 877.219.2605, ext. 204, subscriptions@sportscarmarket.com, fax 503.253.2234 www.sportscarmarket.com CORRESPONDENCE Email service@sportscarmarket.com Customer Support www.sportscarmarket.com/helpdesk Fax 503.253.2234 General P.O. Box 4797, Portland, OR 97208 FedEx/DHL/UPS 401 NE 19th, Suite 100, Portland, OR 97232 The information in Sports Car Market magazine is compiled from a variety of reliable sources. However, we disclaim and deny any responsibility or liability for the timeliness, use, interpretation, accuracy, and completeness of the information presented. All material, data, formats and intellectual concepts in this issue © 2009 by Sports Car Market, Inc., Automotive Investor Media Group and Automotive In- vestor in this format and any other used by Sports Car Market magazine. Copyright registered with the United States copyright office. Canada Post Publication Agreement #41578525 PRINTED IN USA 22

Page 22

You Write We Read All letters are subject to editing. Please address correspondence to SCM, P.O. Box 4797, Portland, OR 97208. Fax 503.253.2234, e-mail: youwrite@sportscarmarket.com 250 LM salvage title? I enjoyed Thor Thorson's article on the 1965 Ferrari 250 LM (February, “Race Profile,” p. 46). He mentioned that in 1973 it was “badly damaged” and that the insurance company totaled the car. It then was sold to a mechanic who restored it. Would that cause the pink slip to be labeled “Salvage” forever? If so, how does that affect the future value of the car? I was always told to keep clear of cars with salvage titles.—Jim Cecero, Bakersfield, CA Thor Thorson responds: Thanks for your letter, Jim. From my reading of the history of the car, I stated that it had been totaled and sold by the insurance company, but I don't have specific knowledge this is the case and RM did not state that in its catalog. I know it was sold to the NART mechanic as a thoroughly busted-up car, but maybe the owner took the settlement and then sold the car, rather than the insurance company taking ownership. In the circumstance, I don't think it matters. Most cars like this, insured or not, don't even have a title, and a compromised title could just as easily be thrown away, and nobody would suspect anything. The idea of “salvage titles” is relatively recent, while the damage to this car was done back in 1973. Even if it passed through the insurance company as a total, I doubt it would have showed up on the title. The reason a car is totaled in the first place is that the damage exceeds the market value of a car. In 1973, a 250 LM was an old, weird, difficult, and not very useful car with appropriate market value, so totaling it was a rational option. In today's world, it's difficult to imagine anything that would do that much damage to a racing Ferrari (including burning it to the ground). Just the title and/or rights to the chassis number are worth more than the cost to build a new example, and although the resulting car wouldn't have the value of an unmolested one, it would still carry substantially more value than a replica. So no, I don't think anything stamped on the title of a car like this would affect the value. The 24 The neat connection is that JME boss Jonathan Everard started his apprenticeship with Healey in 1962. After the 100Ss, I believe they built the boats there information about what happened is already known and factored into what the market thinks it is worth. Healey history As an aside to Reid Trummel's well-reasoned Healey 100S article (March, “English Patient,” p. 42), here's a pic of the hut where Donald Healey Motor Company made the cars. Leading U.K. specialist JME moved into the old Cape Works late last year, and the neat connection is that boss Jonathan Everard started his apprenticeship there in 1962. After the 100Ss, I believe they built the boats there. The building is still recognizably the same, though some of the windows have been filled in. The green car in the shot is fresh back from the Mille Miglia.—Paul Hardiman, Oxford, England Best $100 I ever spent It was with some amuse- ment that I read the Ferrari 410 Superamerica profile in your December issue (“Ferrari Profile,” p. 28) and the sale of 1323SA for $2.5 million. The introductory text states that Ferrari 410 SA s/n 1355 is owned by Mr. Dyke Ridgely. I bought that car for $100 in 1979. Here is the story: My father had an eclectic collection of antique and classic cars, ranging from a 1900 De Dion-Bouton, in which we participated in 19 Brighton runs in a row, to a Type 175 Delahaye that was built for the Maharajah of Mysore, who sold it to Dad in 1972. Dad sold it to Elton John in 1978, whereupon the Philistine chopped the roof off it. That car is now in the Petersen Automobile Museum. In all, my father had about 50 cars at any given moment. He kept them at his country farm in Sutton, Massachusetts, and his collection was renowned and highly regarded for the rarity and diversity of the cars he had collected. I was a young law student and a serious automotive addict at the time when I came in contact with “my” Ferrari. One day, the son of one of the most prominent families in our area called and told me he had an “old '50s Ferrari” at their compound in Cape Cod and would I mind storing it in our automotive warehouse. I agreed and sent our mechanic with a flatbed to pick it up. Upon his return, my father and I were astonished to see that it was a 410 and not a gardenvariety 250 GTE or something of that ilk. We found, in fact, that 1355 had been missing for many years and it was widely thought the car would never be found. We proceeded to store the car, which had been mongrelized by having the Lampredi engine removed and replaced by Ford 351 Cleveland, because the owner thought the V12 overheated too much in Boston traffic. The car was not in running condition and looked rather run down, although the interior was still in great shape. We stored the car for about a year, until one blizzardy winter day, the son, who was something of a dilettante and enjoyed a Scotch or six from time to time,

Page 24

Ad Index Aston Martin of New England...............95 Autobooks-Aerobooks .........................128 Automobilia Monterey .........................119 Autosport Designs ..................................85 Barrett-Jackson ......................................25 Battery Tender ......................................105 BB One ...................................................99 Bonhams .................................................19 Bonhams & Butterfields ........................21 Branson Collector Car Auction .............61 Canepa ....................................................29 Carlisle Events ........................................65 Cheetah Continuation Collectible ........95 Classic Showcase .................................119 Classy Chassis ........................................67 Cobalt Automotive LLC ......................131 Collector Car Price Tracker .................107 Condon & Skelly ....................................87 Corvette Market ................................... 117 Cosdel ...................................................119 County Corvette .....................................77 Coys ........................................................69 Davidoff Zino Platinum .......................119 DL George Coachworks .......................107 Driversource Houston LLC ...................71 Dynamic Technology ...........................128 European Collectibles ..........................121 Exclusive Motorcars ...............................85 Exotic Car Transport ............................129 Exoticar ..................................................93 Fantasy Junction .....................................51 FedEx Auto Transport ..........................129 Ferrarichat.com ....................................121 Fourintune Garage Inc .........................128 Gooding & Company ...............................2 Grundy Worldwide.................................53 Gull Wing Group International, Inc. .....49 Hagerty. ..................................................31 Heacock Classic .................................. 111 Hyman, Ltd.............................................63 Intercity Lines ........................................35 JC Taylor .................................................59 JD Classics .............................................79 JJ Best ...................................................123 Juniors House of Color.........................128 Kidston ...................................................17 Kruse International ................................81 Mac Neil Automotive .............................83 Mecum Auction ................................12, 15 Miller's Incorporated ...........................129 Morris & Welford, LLC ...................27, 43 Motor Classic & Competition Corp. ...121 Motorcar Portfolio ..................................99 Park Place Ltd. .......................................23 Paul Russell and Company ....................87 Plycar Transportation Group .................89 Putnam Leasing ......................................33 Reliable Carriers ....................................75 RM Auctions ........................................4, 5 Road Scholars .......................................105 Ron Tonkin .............................................89 RPM Autobooks ...................................128 Spotless Water Systems ....................... 111 Symbolic Motor Car Co ...........................3 The Masterpiece .....................................73 The Stable, Ltd. ......................................93 Thomas Hamann ....................................91 Ultimate Pedals ....................................129 US Appraisal ........................................121 Vintage Auto Collectibles ....................132 Vintage Rallies .......................................91 VintageAutoPosters.com .....................129 VIP Transport Inc. ...............................124 Worldwide Group ...........................6, 8, 11 Zygmundt & Assoc. .............................124 26 phoned and asked me to meet him at a pub about 20 miles from our farm. When I demurred, saying that the weather was just too atrocious, he responded, “Please come and join me for a drink. I have good news for you about the Ferrari.” Upon hearing that, I jumped into an SUV and hurtled to the pub in a complete whiteout, whereupon I joined my friend in having a drink. He proceeded to tell me, quite casually, that he wanted to give me the car as a gift knowing that it would be going to a good home and that we would restore it. I felt rather guilty about taking a gift like this, and being a good law student decided that some consideration should change hands in case he changed his mind later, so I told him that I must pay something. He answered, “Give me a hundred bucks.” Instantly, I wrote a bill of sale on a cocktail napkin and I gave him the hundred dollars. I drove back in a cloud of euphoria, thinking that a deal for a $100 Superamerica simply had to go down in the history of car collecting as a truly epic event! All of the Ferrari engine bits had come to us with the car, except for the crankshaft, and so I went to the Worcester hot rod shop that had done the swap. Much to my intense relief, the shop still had the crankshaft, and after some searching, managed to find it. We sent the car to Churchgreen Engineering in England in 1980 for a complete restoration and motor rebuild. Unfortunately, the early '80s found the U.S. in the worst recession it had seen since the Great Depression. My father's railroad business failed, and we could not afford to continue the restoration. Churchgreen Engineering called us in 1984 and said they had a buyer for the car, as is, where is, for $90,000. Sadly, and with much regret, we sold the car to an English buyer. The next I heard of it was that Robert Lee had it in his collection, painted in its original black. I was unaware that Mr. Ridgely had purchased it. Coincidentally enough, we stored two other automobiles for the father of my friend—a 1931 or 1932 Cadillac V16 roadster and a 1931 Stutz DV32 boattail. I was under the impression Donohue had died before the book was released, but I've since been informed that he received 36 pre-publication copies These cars had belonged to his father from new. The cars were eventually sold to Richard Paine, of the Owls Head Transportation Museum in Maine. I noticed in your January coverage of the Bonhams & Butterfields auction for the Owls Head Collection (p. 84), it appears the DV32 was sold at that auction. Sorry for the lengthy letter, but I thought perhaps your readers might find it interesting. Incidentally, I still suffer from the car addiction habit.—Joseph J. Mingolla, St. Thomas, U.S. Virgin Islands McLaren numbers game I have a comment to make regarding the McLaren that sold in London and was profiled in SCM (January, “English Profile,” p. 42). All the publications keep say- ing it was the last car produced, when in fact it was not. The last car produced was #75, which is in Geneva. The car that sold in London was #65; mine is #68 and was actually produced five cars after #65. Only 64 road cars were built, which included within those numbers the five LMs. Five VINs were never used, and there is also one spare chassis. Car #65 may have been the last car sold, but it was not the last one produced.—Richard Powers, Nicoya, Costa Rica Donohue's book I'm writing in regards to Mark Donohue's excellent book about racing, The Unfair Advantage. A few years ago a friend was the high bidder on a signed copy of the first edition of this book. I was under the impression Donohue had died before the book was released, but I have since been informed that he received a carton of 36 pre-publication copies, which he signed and gave to his children, wife, and friends. The copy my friend bought had a short note from Donohue's wife, Eden, which was addressed to the eBay seller. She had apparently received a letter from this gentleman and was very touched by it, so she sent him a signed copy. The top of the enclosed note has the Koni Shock insignia and “From the desk of: MARK DONOHUE.” Does anyone out there have any information these 36 books, or can they at least verify if there are indeed 36 signed copies of the first edition of The Unfair Advantage? Any help would be greatly appreciated.—Robert Goldschmidt, tvrguy@verizon .net ♦ Sports Car Market

Page 26

Stuff Neat by Stefan Lombard WHAT YOU NEED AND HOW TO GET IT Hot shoe Italian company OMP has been outfitting the racing set since 1973. Safety, quality design, and comfort have always been mainstays in its products, and initial offerings included serious hardware like roll cages. These days, the catalog is a bit thicker, and you can browse about 3,000 racing accessories, from seats, pedals, and harnesses to racing suits, helmets, and steering wheels. For 2009, you'll also find a new Vintage line. Inspired by the golden age era of motor racing, these Vintage accessories pay homage to some of the very first products OMP ever produced. The Dijon gloves ($139) are retrostyled fireproof Nomex gloves in cream, with a brown suede palm, while the Carrera racing shoes ($299) are a mid-cut boot made of supple leather and approved to the FIA 8856-2000 standard. The thin sole allows for excellent pedal feel, and an ankle strap offers secure closure and support. www.ompamerica.com. When the cat's away… Whether you're a Mac or a PC, a mouse is just a mouse, right? Not even. 4Door Media has developed a mouse so revolutionary, you'll spend more time playing with it and making engine sounds like a six-year-old than being productive at the office. The Road Mouse wireless mouse line includes slick rides from the Big Three, and you can choose from the Camaro, Mustang, Corvette, Viper, and more, in several different colors. All utilize the latest RF and optical technology, with 800-dpi resolution for enhanced accuracy and movement, and each is PCand Mac-compatible. The functioning headlights and smooth lines give the cars a realistic look and feel, and they even have their own VINs. Just make sure you hide it in your desk each night, or the guy from accounting with the bad teeth and the moped will surely swipe it to enhance his cool factor. About $45 from www.fourdoormedia.com. 28 Sports Car Market

Page 28

In Miniature by Marshall Buck 1937 Talbot-Lago T150C SS The Talbot-Lago teardrop coupes are without a doubt one of the all-time prettiest automobile designs. I cannot think of a more evocative shape on four wheels. The 1:24-scale model shown is of T150C SS number 90106, built in 1937 and as restored today. The outrageous coachwork was designed by Figoni et Falaschi. If you have seen the real car in recent years, you might notice that it no longer sports the whitewall tires it previously carried. This scale piece of rolling art was produced by the California-based model company Motor City USA as a numbered, hand-built limited edition. This firm was better known for making mostly American cars, and predominantly in the smaller scale of 1:43. Thankfully, this beauty is in the larger scale of 1:24, measuring about eight inches overall. This model has been long sold out, though on a rare occasion, you may find one for sale. I am only aware of three models selling on the secondary market within the past four years. Rule of thumb with collecting high quality models of desirable cars—when you see it, and want it, then buy it. What's that saying? “He who hesitates...” All of Motor City's models were mostly white metal, which means they weigh a ton for their size. Paint finish looks good, doesn't it? Well, it's even better in person. As with all of their models, the overall fit and finish are flawless. The shape and various details are beautifully represented, though not all are perfect. I do love this model and have one in my own collection. Areas that are close but noticeably miss a little in the shape or exacting accuracy department are the front fenders, windshield, and wheel/tire diameter and style. I still have to tip my hat to the pattern maker for this model; whoever he was, he did an excellent job. These types of bodies are extremely difficult to capture. The model is a “curbside” piece, meaning no opening panels, but what you get is great. Both of the main windows on the doors have been left open to assist clear viewing into the highly detailed interior. Seats and door panels are crisply engraved and detailed. Surrounding the windows and dashboard are separate hand-painted parts, simulating the wood trim. The dash sports a simulated machine-turned metal Model Details finish, along with a full complement of all the switch gear and legible gauges. All levers are in place on the steering column, and they've even put in the cable running from the column-mounted shifter to the floor. All other bits and pieces are in place as well. The model shown is s/n 25 of 300 and priced at $650. Available from the model showroom at the iRacing Center of Long Island; 631.656.4260. Production Date: 2000 Quantity: 300 Ratings: Overall Quality: Authenticity: Overall Value: Web: www.iracingli.com ½ Speaking Volumes by Mark Wigginton Motor Racing at Nassau in the 1950s & 1960s by Terry O'Neil, Veloce, 2008, 96 pages, $17.13 (Amazon) Ah, Nassau in the '50s. The sun-drenched setting, stunning cars, pretty women, amazing parties, and great racing at the Nassau Speed Week have taken on the mystique and allure of a multi-year automotive Woodstock. If everyone who says he was there actually had been there, the island might have sunk under the weight of vintage pith helmets and umbrella drinks. The events (both Governor's Cup and Nassau Trophy races) only ran from 1954 through 1966, but the winners' list includes all the right names: Alfonso De Portago, Masten Gregory, Carroll Shelby, Phil Hill, Lance Reventlow, Stirling Moss, both Rodriguez brothers, A.J. Foyt, Dan Gurney, Roger Penske, Bruce McLaren, and final winners Hap Sharp and Mark Donohue. The cars are emblematic of the amazing advances through the decade as well, with De Portago winning the first event in a Ferrari 750 Monza, while a Chaparral 2E and a Lola T70 Mk II claimed the final races. The brainchild of wealthy developer and Nassau booster Sir Sydney Oakes, designed as a way to bring tourists to the island, Nassau remains a singular moment, possibly the pinnacle of the amateur racing spirit, where the parties were as important as the racing, and the winners, in retrospect, were the ones who made the trip. Provenance: Terry O'Neil wrote The Bahamas Speed Weeks in 2006, a 300-plus page look at the events. Motor Racing at Nassau stands as a photo-driven companion to the larger book, dessert for the main course of that wellresearched first book. With full entrance lists, results, and race coverage, the pair stand as the most complete look at the historic races. Fit and finish: Part of Veloce's “Those were the days…” series, Nassau is slim and trim at 96 pages, mostly photos, mostly black and white, with some in color. The reproduction is better than average, but the text is treated as an afterthought, more poured into the spaces around the photos than designed. Drivability: Without the companion volume, Nassau comes off as little more than a diverting page-flipper. While the collection of photos tells a nice story, the text is surprisingly dull given how little of it there is, and what is there often repeats information in the photo cutlines. With so little space, it shouldn't be wasted. 30 Sports Car Market

Page 30

Affordable Classic Morris Minor Major Charm, Minor Problems It still conjures up Ealing Comedy images of Miss Marple meandering absent-mindedly through rustic English villages at 25 mph by Rob Sass T he whole “people's car” thing never went over particularly well in the upwardly mobile post- war U.S. Cars like the Crosley, Citroën 2CV, and VW Beetle screamed austerity at a time when the U.S. was sick of it. It was no different with the Morris Minor, which like the BMC Mini a generation later, also failed to make a splash in America. Both the Mini and the Morris Minor were the brainchild of the great Sir Alec Issigonis. Development of the car began at an odd time—1943—when most of the world was preoccupied with news from Stalingrad, Tunisia and Guadalcanal. The prototype was named the Mosquito after the famous de Havilland aircraft, and although not constructed out of plywood like the aircraft, it was also unique in that it was of unit construction. At a late stage, it was widened four inches to achieve more convenient dimensions. Proposed engine hopelessly outdated Another five years passed before the car was launched at the 1948 London Motor Show, the event that also saw the launch of the Jaguar XK 120. It was a testament to the advanced design of the Minor that it drew crowds nearly on par with the Jaguar. Like the Citroën DS19 in 1955, the entire development budget had been blown by the time anyone realized that the proposed engine was hopelessly outdated. Against Issigonis's wishes, the car was launched with the pre-war, 27-horsepower Morris 8 side-valve engine. Sixty miles per hour was an ambitious claim. Initially launched as a two-door saloon and a convertible, a four-door saloon, Traveller wagon (with aluminum rear panels and wood framing), a boxy van, and a pickup truck were soon added. Headlights were initially fitted low in the grille, but these ran afoul of U.S. minimum headlight height laws and were raised to the tops of the fenders in 1950, initially to announce the new four-door. The formation of the British Motor Corporation (BMC) in 1953, which combined Austin and Morris, meant the Minor had access to the much better Austin A-series overhead-valve engine. At just 803 cc, it too was no powerhouse. You could hard-boil an egg in the time it would take for the car to go 0–60 mph and about 65 mph was it. Details Years produced: 1948–71 Number produced: 1,293,331 Original list price: $1,200 (1950) SCM Valuation: $10,000–$15,000 (convertible) Tune-up cost: $250 Distributor cap: $9.95 Chassis #: Plate under hood Engine #: Block by oil filter Club: MMOC PO Box 1098 Derby, DE23 8ZX UK More: www.mmoc.org.uk Alternatives: 1960–67 Triumph Herald; 1949–67 VW Beetle; 1948–67 Citroën 2CV SCM Investment Grade: D 32 More power, fewer semaphores The 948-cc engine familiar to Bugeye Sprite owners arrived in 1956, along with a curved windshield and larger rear glass. Wider-opening doors appeared in 1961 and turn signals replaced the ridiculous semaphores, at the same time as the 48horsepower, 1,098-cc engine debuted. Those cars could do 0–60 mph in a blazing 25 seconds, but at least the unit was reasonably durable. As always, there are some things to watch for. Low oil pressure and a warning light that is slow to go out when started, accompanied by a low rumble means the bottom end has had it and it's rebuild time. Parts, however, are dirt cheap and the engine can be pulled without a hoist by two burly guys. First gear is almost always noisy, but a box that jumps out of gear means trouble. A stronger “rib-case” transmission is a desirable improvement. Rust is another matter and 1965 Morris Minor Traveller Woody was seen as a useful tool to force owners to buy another car every few years when they failed the MoT test. Since it's a unibody car, nearly everything is structural. The door bottoms and the back of the front fenders are all visible rot spots, as is the spot on a two-door just behind the door. The trunk floor next to the bumper is also rust-prone, as are the inner fenders. Most survivors are amusing body styles Always get a Minor up in the air and check the sills, cross members, spring attachment points, and floors. The front shackles on the rear springs can punch through the floor in extreme cases. Convertibles can be checked by standing inside with the top down and trying to close the doors. If they won't shut, the situation is catastrophic. And when it comes to stopping, the combination of aluminum wheel cylinders and aluminum pistons can lead to “plenty of pedal, no brakes.” For reasons that remain unclear to this day, BMC sold relatively few Minors in the U.S., odd since it was the first U.K.-built car to sell over one million units. When you do see them here, they tend to be the more amusing body styles such as the convertible, the Traveller, or the pickup, often with a Conestoga canvas top. Hop-up potential is infinite and includes 1,275-cc units and disc brakes. It's worthwhile, as with anything less, highway travel is not advisable. However, it will still be immediately apparent that the Minor was designed for a much smaller country. Although rather scarce in the U.S., the Minor remains a cheeky and easy-to-live-with starter classic. Whereas a VW Beetle cabriolet is an expensive restoration project, an unrusted Minor is dirt cheap to fix cosmetically, and a mechanically freshened Traveller, hopefully without a supercharged V8 as seen at some dragstrips, is a great way to advertise your pub. With modest performance, over one million made, and production ending in 1971 (though vans and pickups dribbled out for longer), it's difficult to imagine Minors suddenly becoming sought after. Nevertheless, of all the post-war people's cars, the Minor is perhaps the most practical and most rewarding to own. It still conjures up Ealing Comedy images of Miss Marple meandering absent-mindedly through rustic English villages at 25 mph. ♦ Sports Car Market

Page 32

Legal Files John Draneas Pink Slips and Red Faces Take due diligence steps to protect yourself, even though that interferes with the red mist that materializes when you find the collector car of your dreams to as “pink slips” because of their color (in California, at least; other states have different hues). They are considered foolproof evidence of ownership of the car, although recent incidents suggest that may not always be true. Unfortunately, M many states stop issuing certificates of title for cars over a certain age—15 years being a common cutoff—which is quite young by car collector standards. And the collector car market has expanded to the point where many very valuable cars are former competition or off-road cars that were never street legal and have therefore never had a certificate of title. These situations present plenty of opportunities for trouble. ost states issue certificates of title for cars, often referred Race cars don't have titles, which can muddy the waters of a sale How certificates work At least in theory, a certificate of title serves as proof of ownership of the car identi- fied by the VIN (vehicle identification number). The state issues the certificate to the owner of the car. Under state laws, a security interest (lien) cannot attach to the car unless it is specifically identified on the certificate. If you buy the car from the owner identified on a clean certificate, you can take it to the state's DMV and have a new certificate issued in your name, free and clear of all liens and encumbrances that were not identified on the certificate. You need look no further than the certificate and the VIN plate on the car to be sure that you will become the legal owner. “Legal Files” has heard some stories that it cannot confirm, but they are plausible enough. First, in today's high-tech world, it may not be terribly difficult for someone to produce a counterfeit certificate of title. If that is what you got, you didn't get legal title. Second, lost certificates can be replaced. The story goes like this. The crook went to his local DMV and ordered a duplicate certificate for his “lost” certificate of title. Next, he borrowed everything he could against the car, and gave the lender the signed-off duplicate certificate, which the DMV promptly reissued with the lender's security interest shown on the certificate. Then, he sold the car to an innocent buyer, and gave him the signed-off original, clean certificate. When the buyer tries to register the car, the DMV tells him about the preexisting lien. The buyer learns that the seller has disappeared, and that he has lost the money he paid for the car. This illustrates that the careful collector won't take a clean certificate of title at face value. To be safe, you have to confirm the status of the title with the state's DMV, before you give the seller the money. Bills of sale When there is no certificate of title—either because the car is too old for the state to issue one, or the car was never licensed for street use—title to the car transfers by bill of sale. This is essentially a document signed by the seller identifying the car, 34 transferring ownership to the buyer, and warranting that good title is being passed free and clear of liens. Obviously, the reliability of the bill of sale is directly related to the honesty and financial ability of the seller. Under the Uniform Commercial Code, which applies when there is no certificate of title, you can sue the seller for your losses if it turns out the title is not clear. But that claim is only as good as the seller's ability and/or willingness to correct any problems. Also, consider the possibility that your seller is honest, but he or a previous owner may have been snookered by a crook. Clearly, you can't just trust your seller, and you should take due diligence steps to protect yourself, even though that interferes with the red mist that materializes when you find the collector car of your dreams. Take a deep breath, gather your wits, and recognize that there are two separate issues of concern—confirming the seller is the actual owner of the car, and making sure there are no liens or security interests outstanding against the car. Verification of each requires separate inquiry, as well as some time. Establishing the chain of title Michael Lowitt is an SCM subscriber who practices law in Connecticut, where the state issues certificates of title only for 1981-and-newer cars. Lowitt advises that the first thing to do is verify the VIN on the car is the same as that on the bill of sale, and he frequently retains an expert to make the inspection when the car Sports Car Market

Page 33

is valuable. Next, Lowitt runs the VIN on police and DMV databases to verify it has not been reported stolen. That search isn't foolproof, but it's the best you can do. If you're dealing with a Shelby, Rolls-Royce, or other marque where a registry is maintained, check there as well. You can also search the state's registration history, but that doesn't really establish proof of ownership, and records frequently don't go back very far. Sometimes, but not very often, according to Lowitt's experience, the seller will have good documentation— the last issued certificate of title and bills of sale coming forward through each subsequent owner. Other times, you have to be a sleuth to confirm the ownership history. However you do it, you should make the effort to contact each of the previous owners to confirm what you can about the chain; that is, who they sold the car to, and who they bought it from. However, Lowitt points out that gets harder if the car hasn't spent its entire life in the same state. Obviously, this is neither an easy nor a foolproof process, but it is necessary to be sure you get good title. Searching for liens A savvy collector was ready to bid about $500,000 to buy a historic racer at a recent auction. He was wise to worry about what he would be buying, and he retained my law firm to verify he would acquire actual ownership. He was pretty sure about the chain of title because the history was quite well known. But he had heard that the current owner had a “colorful” history and was primarily worried about unknown liens. The law generally considers a motor vehicle that does not have a certificate of title to a chattel, which is Latin for “a thing.” It's no different than factory machinery or equipment, or a farm implement. It just happens to have a motor and some wheels. If it is pledged as collateral, the lender is given a security interest (lien) against it. Under the UCC, the security interest is perfected by filing a financing statement in the appropriate government office in the state in which the vehicle was located at the time the security interest was given. To determine if any security interests might exist, one has to identify all the previ- ous owners and all the states in which the car was ever located, which may not have necessarily been where the owners resided. Then, one has to search the records in each of those states under the prior owners' names to see if any filings exist. If you miss a state, you can be in trouble. In addition, it is possible the IRS or state might have filed a lien for unpaid taxes. That requires a separate search in the states in which the previous owners resided. Similarly, miss an owner, or a state of residence, and you can be in trouble. Fortunately for our client, we had a rather short chain of title, with well-known own- ers, all of whom were in one state. We retained a UCC search company to search for liens, both UCC and tax, and became comfortable that clear title was being passed. As you can clearly see, however, it's not always that clean and easy. Many times, the chain of title can't be clearly established, or the locations of the car can't be completely identified. In such cases, you can only do the best that you can and recognize what your risks are. In the end, it is always best to deal with a reputable seller who is also wealthy enough so that, if the unthinkable happens, you have somewhere to go to get your money back. ♦ JOHN DRANEAS is an attorney in Oregon. His comments are general in nature and are not intended to substitute for consultation with an attorney. April 2009 35

Page 34

Collecting Thoughts From the Desert Enjoying the American way “What you see is what you get” appears to be the American attitude, at least until you get to the million-dollar cars by Simon Hope It's show time! flourish west of the Mississippi. Compare that to “Only in Britain”—where we'd be referring gloomily to bad O weather or a late-running train—and you see proof that the cultural difference between America and Britain can be as wide as the Atlantic Ocean. When I informed SCM supremo Martin that I was making my first trip to Arizona, he immediately conscripted me as his newest scribe, and the following is a brief rendition of my experiences. Bigger is, well MUCH bigger Originally there were just two auctions in the Scottsdale week, but now there are five (ICA is a week earlier and Kruse is a week later). According to the trainspotting gurus at SCM, during the week I was there, 2,343 collector cars crossed the block for $132,504,088. To put things in perspective, gross takings from the Scottsdale week are in the same league as the European auction industry's annual turnover, which was about $159 million in 2007. The Scottsdale week is without doubt the largest auction of collector cars in the world, with some 250,000 visitors. Barrett-Jackson can accommodate 7,000 people in the auction arena, with 4,000 seated, and between 6,000 and 8,000 people registered their intention to bid across the five houses. The Barrett-Jackson site covers a larger area than some U.K. towns, and the joke goes that the main marquee is the only non-permanent structure visible from space. B-J sold 1,075 cars, all at no reserve, for $60.8m. The no-reserve policy has been sustained by an increase in prices for mainly U.S.-manufactured cars, and Craig Jackson has stuck to it. Drew Alcazar at Russo and Steele puts on a similar show, on a smaller scale. As a counterpoint, his sellers must establish a reserve. He sold 262 cars for $17.5m. Silver 36 nly in America” is used with pride about events that could only happen in America. That list certainly includes the Arizona collector car auctions, whose scale, pace, and sensibility preclude them from taking place anywhere else. One might even argue that their unique qualities can only Auctions takes place some 20 miles out of Scottsdale (on an Indian reservation next to a gambling casino, appropriately enough), and Mitch Silver sold about $3.5m of cars. The two “high-end” auction houses had their sales in lovely surroundings and both had English auctioneers (interesting that) and a mix of reserve and no-reserve cars. Rob Myers at RM Auctions sold 106 cars for $18.2m and David Gooding of Gooding & Company sold a stunning $32.4m from just 84 cars. Their 15 minutes of televised fame The Speed Channel covered over 40 hours of Barrett- Jackson auction fever. It's live and some people are obviously bidding on cars in such a way that they want to be on television. Maybe it's their 15 minutes of fame, but it's a big contrast with Europe; some buyers and sellers wouldn't even be at an auction there if they thought there was a remote chance of being on TV. Pay to play in the USA Most Europeans probably don't realize that the U.S. bidders pay for the privilege—up to $500 for a paddle number, a catalog, and a “goodie” bag. In the U.K. and Europe, people pay for a catalog (sometimes grudgingly) that usually admits two people. There is no charge to register to bid, and if we tried that, they'd probably walk en masse. People pay just to look as well—$55 for admission to the Barrett-Jackson sale on Saturday night. Sports Car Market

Page 35

Selling cars the English way Apart from RM and Gooding, the catalog is not the essential tool that it is in Europe. Those companies know what they have in the auction and “close” their catalogs, just as we do, but the other three print daily running order sheets so bidders can keep up with entries and times. (Barrett-Jackson and Russo and Steele do have catalogs, but they don't contain all the lots, and their descriptions are not particularly complete, at least by European standards.) European sales intimate, faster paced The sheer size of the auction room means the U.S. needs a different system from Europe. European auctioneers have more control over the audience and can spot known collectors and regular bidders. The process tends to build a relationship between the bidder and the auctioneer as he tries to cajole. ‘Just one more bid, Sir!' That relationship does not exist in the same way in the U.S., where auctioneers use “grinders” or “spotters” who shout when someone bids. These middlemen “work” the bidder, but the sale can drag because the bidder sets the pace. Sponsors proliferate at big sales Although there are sponsors of auction compa- nies in Europe—my company, H&H, is supported by Meguiar's, for example—they are nowhere near as plethorial as they are in America. Each company here has dozens, such as Hagerty Insurance, which invited me to its Skypad at Barrett-Jackson. Auction, with night club included Documentation and history harder to find Caveat Emptor (Let the Buyer Beware) is the catchphrase at any auction, and I wondered how U.S. buyers research what they are buying. Seeing cars is easy and they usually look fantastic. Problems usually turn up in the documented history file, and back in England, H&H has a dedicated room for potential buyers to view these files. It's manned by our staff, so we can assist absentee bidders as well. At least in my casual observation, no such system exists in the U.S.; the paperwork appears to reside with the seller. If the seller's not there when you view the car, you can't see the paperwork, and that could influence your bidding. But the American buyer seems to have more confidence in the quality and prov- enance of the stock on offer. “What you see is what you get” appears to be the attitude, at least until you get to the million-dollar cars. Documents don't always concern them in the same way as Europeans. Vive la différence, in any case In America, the word auction is synonymous with high quality or expensive goods, be they jewelry, property, or cars. In England, we are still trying to convince people it's just another way of selling the very best cars—and selling them very well. The Scottsdale week is not to be missed. As someone involved in the industry, it was the most perfect busman's holiday I could imagine—an entire week of going from one auction to another, and watching literally thousands of cars change hands. I did learn that, to an Englishman, the scale of the auction houses' map in the (in- valuable) SCM Insider's Guide was misleading—everything looked so close together that I decided to forego renting a car and went everywhere by taxi. By the end of my week, I could have bought the taxi and come out ahead. I am a tremendous admirer of the whole operation, and the results were sensational in these difficult times. There are differences in how we do business, but we're all trying to maximize the experience for both the buyer and seller. I say vive la différence. ♦ Silver, the Everyman's event April 2009 $32.4m, not bad for an afternoon's work 37

Page 36

Collecting Thoughts From the Air 1929 Ford 4-AT-E Tri-Motor Airplane Tri-Motor pilots complained about the enclosed cockpit, but anybody who's ever flown in one will agree the experience is close enough to being outside by Dave Brunn where it suffered superficial bullet holes from Japanese strafing. Brought back to the mainland, it was leased by TWA for its 20th T anniversary celebration in 1949. It then went to an agricultural operator in Idaho and was modified as a sprayer and also as one of the first forest fire fighting air tankers. Johnson Flying Service in Montana flew it for several years to drop smoke jumpers and supplies to firefighters. Since 1969, the plane has been privately owned and part of the Wings and Wheels museum, previously in Orlando, Florida. A no-compromise restoration reworked the airframe, installed a new interior and reskinned the exterior, with most work performed under the supervision of Bob Woods of Woods Aviation in Goldsboro, North Carolina. The wings were reworked and reskinned by Maurice Hovious of Hov-Aire in Vicksburg, Mississippi. The landing gear is complete and original, and the original wheels have tires resculpted to the correct pattern. The wood paneling has been skillfully recreated and the plane has no modern avionics; it is just as delivered from the Ford factory in January 1929. The restoration has been completed with the assistance of Tim O'Callaghan of the Henry Ford Museum and American aircraft historian Bill Larkins, author of The Ford Tri-Motor. The plane carries authentic TAT markings as a tribute to the first air/rail route across the U.S. by Transcontinental Air Transport in 1929. SCM Analysis This airplane sold for $1,210,000 at the BarrettJackson auction in Scottsdale, Arizona, on January 17, 2009. All planes before the Tri-Motor adapted WWI bomber designs and just crammed people inside. The Tri-Motor was designed from the start as a passenger aircraft. Its three-engined design was not unique to Ford; Anthony Fokker, Stinson, Fairchild, and others also built threeengine aircraft for more liftoff power and also as a failsafe element. In a dramatic redesign, air-cooled radial engines themselves stopped spinning after WWI and only the propellers spun. All types 38 his 1929 Ford 4-AT-E Tri-Motor, registered NC9612, was delivered new as a passenger plane to Mamer Flying Service in Spokane, Washington. It was later sold to K-T Flying Service of Honolulu, Hawaii, and was at Pearl Harbor on December 7, 1941, of engines of the period were still not reliable enough for passenger aircraft, which made long distance flights so difficult. Military aircrew wouldn't sue after a mishap, but peacetime rules were quite different, and when he was testing the Douglas DC-1 in 1933 as head of TWA's technical committee, Charles Lindbergh demanded the plane be able to fly over the Rockies on one engine. Lindbergh had already gambled his life on the Tri-Motor's Wright Whirlwind engines—his Spirit of St. Louis had one of the same motors and flew for 33.5 hours non-stop as he crossed the Atlantic in 1927. Radial engines were strongly supported by the U.S. Navy, which didn't trust water-cooled engines and flew radial-engine fighters until the advent of jets in the late 1940s. Henry Ford's involvement followed his automobile thinking; he wanted a sound metal aircraft that could carry people reliably and bought William Stout's aircraft company in 1926. Stout's Tri-Motor design—the “Tin Goose”—closely resembled tri-motor designs like the Stinson, Fairchild, and one by Dutchman Fokker, who was quite flattered. The Germans contributed a key element to the Tri-Motor—the cor- Years produced: 1926–32 Number produced: 199 (all variants) Original list price: $42,000 in 1933 SCM Valuation: $1m–$2m Airframe #: Dashboard plate Engine #: Left side, underneath engine, visible from ground Club: Experimental Aircraft Association EAA Aviation Center PO Box 3086 Oshkosh, WI 54903-3086 More: www.eaa.org Alternatives: 1934 Douglas DC-2, 1957 Lockheed Electra, 1933 Boeing 247 SCM Investment Grade: A rugated aluminum skin. Duralumin was a thin, strong aluminum, and is still used today. It was invented in 1903, and was a key part of zeppelin airship design. The German Aircraft Company Junkers also invented rolled metal for strength, which gave the Ford a significant edge over the Fokker and Fairchild tri-motors. Junkers built one reconnaissance plane from the metal in 1915, which perplexed British fighter pilots. They'd empty their guns at the plane, but the Junkers just kept flying. Other tri-motors were fabric and Details glued wood—essentially composites. Fokker hadn't learned from WWI, when his tri-plane and EV8 fighters delaminated in flight, killing their pilots. In 1931, Notre Dame football coach Knute Rockne was killed when a Fokker Tri- Sports Car Market Barrett-Jackson

Page 37

A Piece of History As a Trustee and former Chairman of the Museum of Flight in Seattle, I am always aware of significant airplanes that are offered for sale. So I was intrigued when Barrett-Jackson announced that a Ford Tri-Motor was going to be offered at no reserve. By all accounts this plane, 4-AT-E s/n 055, was originally known as the East Wind when new at Mamer Flying Service. It has been carefully restored to a very high standard. Cosmetically it appears to be very correct and in superb condition. Mechanically it is excellent and flyable with current certification. Available records indicate that there were 199 Tri-Motors built, plus a few experimental aircraft for the army. Of these, 18 are reported to exist, with only six in flying condition, all in the U.S. Fifteen of these are the 4-AT and three (all purportedly flyable) are the more powerful and slightly larger 5-AT. The livery the plane currently wears is arguably incorrect. While it was used by TWA (TAT successor) on two occasions to celebrate the first transcontinental flight, it was never operated by TWA. Perhaps it should carry the markings of one of the companies that did operate it commercially. While it is a simple airplane to operate, it should be kept in a conditioned hangar to preserve the beautiful restoration. However, it is a large plane and won't fit in many hangars—a significant consideration for some buyers. Hopefully the buyer will keep it flyable and offer rides to the public, as it is a real piece of history. Unfortunately, most of the historical records, such as early logbooks, were separated from the aircraft in recent years. Although their location is unknown, it is believed that they still exist. The absence of these records may have cooled the enthusiasm of some museums and more serious historical purchasers, although it may not have had a huge impact on the final sale price. It does, however, have a known and interesting continuous history, so its provenance is unquestioned. Not having the plane in Scottsdale for inspection was in my mind a serious error. Even aviation buffs rarely see these in the flesh, and its physical presence would surely have created a buzz. Not unlike extraordinary automobiles, there is something about the emotions that are stirred when you see the real thing, and I think that having it on display at Scottsdale Airport would have produced more serious and enthusiastic bidders. And because it was being offered at no reserve and guaranteed to sell, the seller wouldn't have been faced with any costs of getting it home again. This plane was not new to the market; it was available a couple of years ago with an asking price in the $2m range. That was prob- ably high, and as a result, the plane went unsold. The restoration is said to have cost over $1m, so the final price of $1,210,000, especially in today's market, would seem fair to buyer and seller under the circumstances.—Bruce R. McCaw Motor came apart. Following that, the wooden-winged aircraft were grounded and the U.S. government required that all airliners have metal wings. Ford Tri-Motors became obsolete dramatically fast As a testament to the three-engine safety factor, Admiral Bird flew over the North Pole in 1926 in a Fokker Tri-Motor named Josephine Ford. He later took Fokker, Fairchild, and Ford Tri-Motors to the Antarctic and flew over the South Pole in the Ford (after heaving most of the contents out of the plane, while en route, to achieve enough altitude to cross the polar plate). The first Ford Tri-Motor pilots complained about the enclosed cockpit because they couldn't feel the wind, but anybody who's ever flown in one will agree that the experience is close enough to being outside, with slapping external control cables, the deafening roar of the engines, the suspicion that the pilots are using Model T steering wheels, and engine gauges outside—on the motors themselves. It may have marked a big improvement, but the Tri-Motor became obsolete dramatically fast. Cross- country flights by early Tri-Motors were complicated affairs—hops from one airfield to another, then trains trips in between. It was faster than three days by train, but still took about 26 hours. The 110-mph Tri-Motor was rendered obsolete by the Boeing 247 and Douglas's DC-1. The DC-1 set a transcontinental speed record, flying from Los Angeles to New York in eleven hours and five minutes at 190 mph. While the Tri-Motor could carry eight passengers, and Lockheed's Electra managed ten, the DC-2 took 14 and then in 1935 the DC-3 could whisk 28 paying customers from sea to shining sea in 18 hours. Of the 199 Tri-Motors built, 18 survive and six are flyable. Of those six, this one is arguably the best. It is cosmetically excellent and correct, flyable, and certified. Total time on the frame is only 3,110 hours and the Wright Whirlwind engines have only 56 hours on them—about three trips across the U.S. The plane has no accident history and has the cachet of being at Pearl Harbor on December 7, 1941, surviving intact, though riddled with bullet holes. The combination of history and condition sells the plane. If the sellers had flown the plane to Scottsdale and interested buyers had been able to see it, it would have done better. To find one with this history, researched by leading experts, superbly restored and with no record of crashes makes this a very good buy indeed. I wouldn't have been surprised by a sale price in the $2m range, but the historical records were missing, and that may have cooled interest. Still, look at what you've got: NC9612 was sold for the cost of its restoration. That's a deal. ♦ (Introductory description courtesy of Barrett-Jackson.) April 2009 Photos of the plane in the '50s at a backcountry strip Seat Time The Ford Tri-Motor that sold at Barrett-Jackson for $1.21m, (reportedly to a longtime Arizona collector) was flown out from North Carolina in 31 hours by Dolphin Overton, whose family bought the plane in 1969. He shared some thoughts about the 1929 aircraft and what it meant to his family: I've been flying since I was a kid. I'm 47 now and got my license at 19. I fly for FedEx and I flew A6s off carriers in the Navy. The Tri-Motor has a lot of character from the minute you step into the cockpit. The starting procedure's very simple. The plane has an electric starter that winds up the flywheel. Then the flywheel is engaged by a starter button on the floor that looks like a car's dimmer switch. It's extremely noisy as you sit there while everything warms up. It looks like a heavy airplane, but the wing has a large camber and high lift so it gets off the ground quickly. I cruised conservatively at about 90 mph. It can go faster but to preserve engines, I kept the airspeed down. How fast you're actually going depends on winds; we had 15 mph headwinds the whole way, so we were making 60–75 knots. Each leg was about 350–400 miles between refills, and we planned for four-hour legs Tri-motors are relatively simple to fly but can be subject to a lot of movement depending on air smoothness. It is pretty enjoyable, but I guess if I had to do it every day it could be tiresome. Will I miss it? I will. It was always part of the family. It's a wonderful relic of its time. I didn't fly it much, but it was always there and something I took for granted. At one time Dad owned 90 airplanes in his Wings and Wheels Museum. The Tri-Motor was one of Dad's favorite airplanes. I'm disappointed in the outcome of the auction, but it was just time for it to move, that's all. What will I fly now that it's gone? Well I've got a Piper J3 that my grandfather bought new in 1946… and I also have a 1929 Brunner Winkle Bird open-cockpit biplane in a museum in Richmond, Virginia. I really must get it out and re-skin it.—Dolphin Overton 39 Photos: Bruce R. McCaw

Page 38

Ferrari Profile 2003 Ferrari Enzo Ferrari Its design is pure haute couture, a cutting edge style that dances on the line between art and automobile By Steve Ahlgrim Details Years produced: 2003–05 Number produced: 400 Original list price: $643,330 SCM Valuation: $1,100,000–$1,300,000 Tune-up cost: Starts at $3,000, can go up dramatically from there Distributor caps: None Chassis #: Interior dash near windshield Engine #: V between heads Club: Ferrari Club of America PO Box 720597 Atlanta, GA 30358 Chassis number: ZFFCW56A730128797 I n 1998, only a few years after the introduction of the groundbreaking F50, Ferrari began planning its newest limited-production supercar. The criteria for this car was similar to those which spawned the previous Ferrari supercars: The new car would need to push the envelope of technological innovation, it must be impressive both in its design and performance, and it must bear a kinship to Ferrari's Formula One racing program. For a modern production Ferrari to carry the name of the company's founder, it would need to be a very special car indeed. The Enzo was so special, in fact, that it prompted the famed designer Sergio Pininfarina to state that the car was the third quantum leap in the history of Ferrari design—the first two being the 250 SWB and the Dino. The Enzo is an outstanding expression of a modern dual-purpose sports car and the epitome of that philosophy. Since its introduction, the Enzo has more than lived up to its esteemed name. Amazingly, in the five years since this Ferrari Enzo left the factory, it has been driven sparingly, accumulating 429 miles at the time of cataloging. In 2005, this car was added to one of the country's finest car collections, where it has been preserved in nearly showroom-fresh condition. Since that time, although little mechanical work has been done, the clutch was replaced in fall 2006. While we always recommend servicing prior to use, unlike many of these supercars, this Enzo has not suffered from hard driving and is, for all intents and purposes, a new car that is simply awaiting an enthusiastic new owner. As would be expected of such a low-mileage example, this Enzo retains all of its factory-delivered books, tools, and accessories. SCM Analysis This car sold for $1,265,000 at the Gooding & Company sale in Scottsdale, Arizona, on January 17, 2009. Defining a modern car as a 1980 model or later, 40 the number of modern cars that sell for more than their original list price is an exclusive club. The McLaren F1 makes it, the Jaguar XJ 220 doesn't. The BMW M1 makes it, the Bugatti EB110 doesn't. The Porsche 959 barely misses the mark, while on a good day, the right late 1980s Aston Martin V8 might squeak by. Not surprisingly, the marque with the most entries is Ferrari. The common thread among modern cars still selling over list price is that they all are top-of-the-market cars from prestigious manufacturers, they were built in very small quantities (with the exception of the Ferrari F40, with 1,315 produced), and only a favored client was in on the initial offering. They often (but not always) sold for a large premium over their list price, and if their value ever dropped under the list price it was only briefly. In short, they are the cars we still lust for years and even decades after their introduction. Selling for more than when new While nearly all cars depreciate, Ferrari holds the en- vious distinction that every one of its 1977-and-older cars will sell for more than they did as new cars. Obviously this declaration carries a few qualifications like good condition, low miles, and no drama, but amazingly, it's an accurate statement. Maserati, Lamborghini, and Aston Martin may also share this distinction for a few models, but even if there's another manufacturer I've missed, the list remains very small. Granted, adjusting for inflation, holding costs, insurance, and maintenance eats up a lot of capital appreciation, but the point remains—these are pretty special cars. The Ferrari 288 GTO, F40, F50, and Enzo all still command a premium over their MSRP, and I suspect they always will. With the help of inflation, the 288 GTO leads the appreciation pack, selling at multiple times its original list price. The F40 and F50 have bobbed up and down near par values, and the Enzo may be the real win- More: www.ferrariclubofamerica.org Alternatives: 2006 Bugatti Veyron, 1991–98 McLaren F1, 1987–88 Porsche 959 SCM Investment Grade: B Comps 2004 Ferrari Enzo Lot# 318, s/n ZFFCZ56B000136085 Condition 1 Sold at $1,319,244 RM, Maranello, ITA, 5/18/2008 SCM# 116736 2003 Ferrari Enzo Lot# 341, s/n ZFFCZ56B000134955 Condition 1 Sold at $1,191,575 RM, Maranello, ITA, 5/18/2008 SCM# 116798 2003 Ferrari Enzo Lot# 4591696455, s/n ZFFCW56A830131319 Condition 1Sold at $900,000 eBay Motors, 12/1/2005 SCM# 40003 Sports Car Market Photos: Gooding & Company

Page 39

ner, bringing nearly double its list in an era of low inflation. The Ferrari Enzo Ferrari (the official name) was introduced as a model to celebrate four years of Ferrari Formula One success. Like the F50 before it, it was to be a showplace of Ferrari's ability to transfer F1 technology to a road-going automobile. While the F50 may have been a truer representation of F1 mechanical technology transfer, the Enzo got the sizzle. Winston Goodfellow reports in his excellent book Ferrari Road and Racing that Pininfarina developed two dozen design proposals that were cut down to two for presentation to Ferrari. They then developed yet another design, and the final product was a composite of the three. The Enzo is pure haute couture There is nothing discreet about the Enzo's de- sign; it is pure haute couture, cutting-edge style that dances on the line between art and automobile. This is a Ferrari for the client who can afford the best and doesn't care who knows it. Although the lines are overtly stylistic, they do not compromise their underlying job of being aerodynamically functional. A major goal of the Enzo project was to build serious racing aerodynamic tools into the design of a road-going automobile. The result produces exceptional downforce without the aid of a large rear wing. There was never a lack of customers for the Enzo; they were sold out before the first one was delivered. Prospective purchasers were said to have had to present a bio to Ferrari and been judged worthy before their $650,000 check was accepted. This eliminated many speculators, and a large percentage of Enzos are still with their original owners. There are few Enzos on the market, which undoubtedly fuels the unusually high resale value. As they say in Texas, this wasn't the Gooding Enzo's first rodeo. It spent time in Florida and Texas before being sold post-auction at Kruse's Monterey (Concorso) auction in August 2005 for a reported $1,080,000. Auction reporter Rick Carey noted the result was generous for an indifferently presented car. I suspect since then it has had a proper visit with a detailer, and at this auction it looked like a 450-mile Enzo. I'm sure there are other ultra-low mile Enzos out there, but it may take a while for one to come to market. The buyer paid all the money for this one, but considering the time it might take to find another, he didn't overpay. He can start enjoying his purchase right away, and for many buyers, that's worth a few extra dollars.♦ (Introductory description courtesy of Gooding & Company.) April 2009 41

Page 40

Sheehan Speaks Michael Sheehan The Bottom Line in Scottsdale The ex-VanKregten Cal Spyder sold for $4.95m, even though there were several phone bidders apparently willing to go higher—but they were too slow $4.95m 250 GT SWB Cal Spyder sold at Gooding L ast summer's Monterey auctions defined the top of the collector car market, and Scottsdale has delivered a new bottom line. It's pretty hard to argue the collector car market isn't on solid ground when collector cars generate $133m in Scottsdale in one week. Barrett-Jackson did nearly $61m, Gooding just over $32m, while RM sold $18m and Russo and Steele $17.5m. In all, 2,343 cars were offered and 1,726 sold, a 73% sales rate. A variety of buyers attended the sales of these four major auction houses, and each presented its wares with widely different marketing philosophies. The greatest show on earth While Barrett-Jackson dollar volume was down from $108m in 2007 to $84m in 2008 to just under $61m in 2009, this was, in large part, a strategic move in the declining muscle car market. Craig Jackson changed the consignment choices to match the expectations of the Speed TV auction audience, morphing from an auction to a “collector car event.” A large part of the revenue stream is a claimed 200,000 pair of feet through the door (although many were repeat-feet coming through for multiple days) at $35 to $55 per day, and about 300 vendors paying $1,500 or more each. Add in 3,000-plus bidders each paying $500, plus clothing sales, sponsorship, and miscellaneous other, and you've got a lot of tire-kicking visitors paying serious money to go to the Big Top. The action was fast and the bidding in the low-euphoria range. 1,075 of 1,075 cars were sold Because Barrett-Jackson is a “no-reserve” auction, 1,075 cars were offered and 1,075 cars were sold. While some auctions are “buyer's auctions” and some are “seller's auctions,” B-J manages to be both. With an average 42 sales price of about $56k per car, B-J had plenty of cars for entry level buyers, while the B-J/Speed TV model is the perfect venue for those who want their ten seconds of fame buying unique and unusual muscle cars and American iron on live TV. One example was the one-off 1989 Corvette DR-1 convertible, a part of the GM Heritage group, which was sold on a scrap title at a staggering $286,000. If you're a Ferrari aficionado, you were there for the show, not for the cars. American sports and GT cars at RM Since RM first set up a rival auction at the Biltmore, it has used its international clout to pull in the best-of-the-best collector cars with a leaning toward American sports and GT racers, With 127 cars on offer and 106 cars sold, RM hammered down just over $18m, down from over $26m in 2008, and $30m sold in 2007. While down, those numbers are skewed by the dollar value of some of the cars on offer; the nonsale of the Grand Sport Corvette and Bugatti T57 Atalante took over $5m away from the total sales number. The average sale per car was $171k, more than triple the B-J average. RM is the place for the mid-range to upper-end Ferraris, and the sale of 250 PF Series II Cab s/n 1865GT for $375k established the new market price. Indeed, the sale of 275 GTB/4 s/n 10045 for $918k, 250 GTL Lusso s/n 5475GT for $550k, 275 GTS s/n 7007 for $385k, and F40 s/n 93139 for $429k clearly show that the new price structure for these cars—and virtually all Ferraris—is off about 25% from the August 2008 peak. The place to go for high-end Ferraris At least during this week, Gooding was the place to go for high-end Ferraris. Overall sales were up from $21m in 2008 to $32k in 2009, with the star of the show being the ex-Ron VanKregten 250 GT SWB California Spyder, s/n 1963GT, which sold for $4.95m. The car went to a Northwest collector, even though there were several phone bidders apparently willing to go higher—but they were too slow. Indeed, David Gooding remarked several times to his crew on the phones that the phone bidders had to react quickly or run the risk of being shut out, and he was as good as his word on several occasions. The sale of 250 PF Cab II s/n 3093 at a nearly identical-to-RM price of $385k confirmed that new market floor, while the sale of 365 GTB/4 s/n 16953 in a sale-proof refrigerator white at $286k confirmed that Daytonas, like many Ferraris, are also 25% off the August 2008 market high. At the higher end of the Ferrari food chain, the $4.95m sale of the unrestored Cal Sports Car Market Gooding & Company

Page 41

Spyder established that the top end of the market is strong, although off the $6m–$7m it likely would have brought last year. A pleasant surprise was the sale of 250 GTL Lusso s/n 5215 (which I had sold with a nice older restoration in July 2007 for $450k). Here it brought $704k, thanks to a fresh $200k restoration. David Gooding has established his niche as a bou- tique auction, with only 101 cars on offer. With 84 cars sold, he picked the right ones for the weekend at an average of $386k per car in just one day, proving that smaller can be bigger. His fast-paced bidding has made his auction the destination point for an interesting combination of high-end Ferraris and pre-war European exotica. Buyers will buy from the place with the cars, and this year Gooding had the cars Ferrari fans want to see. Entry-level exotica Russo and Steele handles entry-level muscle cars and exotica, and this year had 597 cars on offer, almost all with reserve prices. Over four days, 262 cars (or 44%) sold, with an average price of $67k. Owner Drew Alcazar likes to get the bidding going with the car's owner on hand, while Marty Hill rushes from bidder to bidder until Drew can holler into his microphone, “The reserve is OFF!” as they try to get each seller that extra 10% over reserve. Just as David Gooding's last stop before opening his own show was RM, Russo & Steele's Alcazar was the main man at Barrett-Jackson from 1996 to 2000, and he offers an auction style similar to that of B-J, pre-Speed TV. The cars are offered on an “Auction in the Round” format, with each machine driven through the crowd. This has the effect of getting the crowd, the seller, and 1959 250 GT Series II Cabriolet sold by RM for $375k the buyer emotionally involved so that the cars and the people are the show, rather than the show being a tailored-for-TV event. Russo seems to do well with entry-level Ferraris, selling 512 BB s/n 32837 for $138,600, about $40k more than Gooding and RM did with similar cars. Better than real estate or the stock market Scottsdale showed that good cars bring serious money, and there is no lack of buyers with an eye for quality. While the bottom end brought bottom-end money, there was still a market, which may be the most surprising fact of all. At Scottsdale, one can focus on over 2,300 cars for sale, and many spectators happily took something home. If one accepts that the Ferrari market has had a 25% overall correction, that's a heck of a lot better than real estate or the stock market in the last eight months. And, unlike some portions of the real estate market, people are actually still buying Ferraris; the cars that sold were real sales, to real people, for real money. Many investors have pulled their money out of the stock market, and Ferraris are still a great place to park some spare cash. Besides, I'd much rather go to my garage and fire up my Daytona than paper my bathroom wall with a pile of nearly worthless stock certificates. ♦ April 2009 43 RM Auctions

Page 42

English Profile 1932 Daimler 40/50 Double Six Sport Saloon The long hood is a bit like a padded medieval codpiece by Simon Kidston Details Years produced: 1926–1937 Number produced: 26 (some say 75!) Original list price: £2,450 ($12,250) in 1926 SCM Valuation: $2.9m on this day Tune-up cost: $1,000 approx. (using RR Phantom as benchmark) Distributor cap: n/a Chassis #: On plate fixed to cabin firewall Engine #: On same plate Club: The Daimler Enthusiasts Club 102 Fairmile Road, Christchurch, Dorset, BH23 2LN, UK More: www.daimlerclub.co.uk Alternatives: 1932 Bucciali TAV 12; 1929–32 Bugatti Type 41 Royale, 1931–38 Hispano-Suiza J12 SCM Investment Grade: A Comps Chassis number: 32382 T his 1932 Daimler Double Six 40/50 Sport Saloon is, without question, one of the most imposing automobiles ever constructed by the legendary British marque—or any maker of exclusive luxury vehicles. While only 26 Double Sixes were built over a decade, the vast majority had a smaller displacement and short chassis. Among this rarified group, this 1932 Daimler Double Six stands out. It is a second-generation, long-wheelbase example fitted with the revised 40/50 engine that allows for a top speed in excess of 80 mph. The extravagant sport saloon was designed by Captain H.R. Owen. He is most famous for his creation of Gurney Nutting's three-position Sedanca, and was one of the premier Rolls-Royce and Bentley dealers. Upon completion of the chassis, Owen's design was realized by Martin Walter Ltd., which had gained a reputation for building high quality, prestige bodies for Britain's luxury marques. Soon after delivery, this Double Six was shown by its original owner, Mr. A. Webber, at the 1932 Eastbourne Concours d'Elegance, where it received the Premiere Award, the equivalent of Best of Show. After steady use by its original owner, the car was sold to the Isle of Man, where it remained for several decades. At some point, that owner removed the complex Double Six engine and replaced it with a Buick straight-8; however, the integrity of the chassis had not been compromised and the original engine remained with the car. The car and the original engine were later purchased by a U.S. collector and brought to the United States. After being returned to its original configuration, the car made its debut at the 1999 Pebble Beach Concours d'Elegance and was awarded Best of Show. Today, this car remains show worthy in every respect. The intricately detailed Double Six has been care- 44 fully maintained since restoration; the stunning black paint is outstanding throughout, and the interior shows not even a hint of use. All the details are stunning and deserve careful examination, as the car abounds with fascinating features. It is one of the ultimate automotive statements and is one of only a handful of cars ever to receive Best of Show at Pebble Beach, placing it in exclusive company. SCM Analysis This Daimler sold for $2,970,000, including buyer's premium, at the Gooding & Company sale in Scottsdale, Arizona, on January 17, 2009. To win Best of Show at Pebble Beach takes something special, and you don't have to be a classic car expert to realize that this leviathan Daimler is very special indeed. At 18′6″ long and barely 5′ high, its exaggerated proportions resemble something Cruella de Vil might have favored; “seductive and sinister” is how the catalog described it, and I wouldn't dare argue. This wasn't the first time a Double Six had won at Pebble, either. J.B. Nethercutt stole the show with his back in 1970, whilst another veteran collector, Bob Lee, took outright honors with a stunning drophead coupe as recently as 2006. The model has proven its stature at the highest level, and collectors can't dismiss it as a one-trick pony that got lucky. The car's condition needs no comment. It had covered only nominal mileage since its Pebble Beach victory (more on that later) and was still better than new. It's a far cry from the day 20-plus years ago when I first set eyes on this very car, looking forlorn in my employer's dark and unheated storage garage behind Sloane Square in London on my first morning at work. Acquired 15 years earlier from a caravan park owner 1933 Rolls-Royce Springfield PII Lot# 453, s/n 218AMS Condition 2 Sold at $2,310,000 RM, Monterey, CA, 8/14/2008 SCM# 117425 1931 Bentley 8-Liter Lot# 263, s/n YR5076 Condition 2- Sold at $2,200,000 RM, Amelia Island, FL, 3/8/2008 SCM# 115955 1930 Duesenberg Model J Lot# 441, s/n 2270 Condition 3 Sold at $1,760,000 RM, Monterey, CA, 8/14/2008 SCM# 117428 Sports Car Market Photos: Gooding & Company

Page 43

for £7,000 (about $18,000) and missing its engine and gearbox, it had been pushed against a wall and didn't look as if it had moved for years; we cursed the amount of space it occupied. The garage has now become a smart townhouse and the car a gleaming trophy; I wonder if the current residents have any idea of what used to lurk downstairs. High quality, but unadventurous The catalog made much of Daimler's royal associations, and there's no denying that in the marque's early years, before it stooped to lending its name to embellished Jaguars driven by Home Counties golfing types, Daimler made high quality if mostly unadventurous motor cars favored by King George V and his entourage. I judged one during the recent Cartier Concours in India. Like most of its brethren it was built more for luxury than speed (crown wearers like headroom) and was, to use RR-speak, “failing to proceed.” Getting a 12-cylinder, sleeve-valve engine to run properly taxes even the best mechanical minds… Style, of course, is what this particular Daimler is all about—less suited to a King, more to a wayward prince. Nothing short of a Bugatti Royale could match it for outrageousness in 1932. Does the hood need to be that long? Of course not. It's a bit like a padded medieval codpiece, and the 150 hp underneath is similarly underwhelming. In fact, there's enough room behind the engine to fit a drawer of tools one-and-a- half feet deep in front of the passenger's feet. Talking of space, despite the prodigious amount of road it occupies, Martin Walter's masterpiece is rather less generous with its occupants (just three plus the driver) than the coachbuilder's better known but less glamorous mainstay, the Bedford Dormobile camper van. Turning circle? Don't ask, but the Titanic comes to mind. Watching it navigate the roundabouts outside Villa d'Este last year and seeing nearby Fiats scurrying for cover couldn't help but raise a smile. The ever insightful Miles Collier makes an important distinction between “ex- periential” and “contemplative” collectors: those who like to drive and those who prefer to look. It won't come as a great surprise to learn the seller of the Daimler, who acquired it four years earlier from its Pebble Beach-winning dealer entrant, hadn't covered much mileage in the car. The previous owner enjoyed the car as automotive art In fact, he hadn't even sat in it. He was happy to enjoy it as a piece of automotive art, leaving the occasional sortie to his charming lady restorer, who confides that it starts easily, “doesn't take off like a rocket,” steers easily despite its size, and stops well, although you need to “beware the center throttle to avoid putting it into a building.” I'm not sure which would come off worse. Was it worth the price paid? The market for anything of this era will always remain limited compared to the usual Ferrari, which even a novice collector can understand and enjoy. The Daimler was apparently available privately for some time before the auction with no takers, but such cars always require the right buyer. Four “heavy hitters” were bidding, and the one who prevailed is said to be over the moon with the new centerpiece of his collection. I know the seller is pleasantly surprised by the result, which rewarded his patience. A white elephant, yes, but extravagant indulgences launched at a time of world recession tend to be rare and become collectible—think Bugatti Royale and McLaren F1. I see no reason why this one shouldn't remain an appreciating asset for a new generation of collectors with ultra-deep pockets... and an ultra-large garage. ♦ (Introductory description courtesy of Gooding & Company.) April 2009 45

Page 44

Etceterini & Friends Profile 1971 Lamborghini Miura P400 S This car hits almost all the buttons—beauty, speed, historical importance, and star power by Donald Osborne Details Years produced: 1966–73 Number produced: 765 (338 “S”) Original list price: $19,250 SCM Valuation: $300,000–$400,000 Tune-up cost: $375 Distributor caps: $500 (two required) Chassis #: Front cross member, behind radiator Engine #: Inside vee on top of engine Club: Lamborghini Club America PO Box 649 Orinda, CA 94563; Lamborghini Owners Club PO Box 7214, St. Petersburg, FL 33734 Chassis number: 4512 (LAM451271) T he Lamborghini Miura is where it all started—the first production automobile to earn the “supercar” tag. Prior to the Miura's arrival in 1967, many sports cars offered high levels of performance and handling. But the Miura was the first built around the criteria that define our modern concept of the supercar: massive speed, jaw-dropping design coupled with technical innovation, and a wallet-wilting price tag to which only the wealthiest could aspire. It was called “an exercise in automotive art” in Road & Track magazine, April 1970. The Miura on offer is one of the desirable S variants, completed February 10, 1970 (#461 of 765 total Miura production, 338 of which were P400 S models). It is presented in its original and attractive period color scheme of red with a blue interior. This is a very correct, original, low-mileage (23,500) Miura S. It has had a short list of owners, the most recent of whom purchased the car in 1997 in excellent “driver” condition. Over the ensuing years he has methodically and sympathetically upgraded the car using top specialists and with little regard to expense. A spectacular new finish was applied by Bob Barber Paintworks of Stowe, Pennsylvania, while the mechanicals have been freshened by Michael Pechstein of Vintage MotorSports. The interior is new and the car has been thoroughly detailed. This Lamborghini not only “looks the business,” but it “ticks all the boxes,” and this is a striking and proper example of the breed. SCM Analysis This car sold for $308,000, including buyer's premium, at RM's auc- tion in Phoenix, Arizona, on January 16, 2009. Without doubt, the Miura is a bonafide star of the collector car world. It hits almost all the buttons— beauty, speed, historical importance, and star power. 46 They have always been desirable and consequently were generally well looked after; you rarely if ever see a “beater” Miura. The only thing the model lacks is a racing pedigree, and that small demerit has not held it back, thanks to the overwhelming number of points it has earned everywhere else. While some questioned the ultimate collectibility of early Lamborghinis, the Miura appreciated early on and as interest in Sant'Agata Bolognese's other offspring gathered momentum, it was the Miura that led the market rise. As they appreciated, the difference in the values between the “cooking” P400 and the better developed and more powerful S and ultimate SV models grew wider. Miura success caught company by surprise The owners who actually wanted to drive their visual masterwork quickly came to appreciate the efforts made by the original buyers of the Miura in carrying out the factory's development work. To be fair, the success of the Miura caught Lamborghini completely by surprise; if the company had planned to build more than a few dozen, they probably would have built a million. As such, small issues of everyday drivability were not high on the agenda. However, modern technology has provided solutions to many of these problems over the years. There is a pecking order to Miura values. We have recently seen the P400 regularly sell in the $300k range, the S hovering around $500k, and the rarest SV variant heading for the magic million-dollar mark. And now, this very nicely presented Miura S finds a new home at $308,000, against a pre-sale estimate of $400k–$450k. What happened? Was it a “victim” of the recession? Has the market for early Lamborghinis cooled, or is it simply that everyone who wanted one now has one? I have recently complained to anyone who 1967 Lamborghini Miura P400 Lot# 73, s/n 3042 Condition 1Sold at $330,000 Gooding, Pebble Beach, CA, 8/13/2008 SCM# 117567 More: www.lamborghiniclubamerica.com; www.lamborghiniownersclub.com Alternatives: 1971 Maserati Ghibli SS, 1971 Ferrari 365 GTB/4 Daytona, 1970 DeTomaso Mangusta SCM Investment Grade: B Comps 1970 Lamborghini Miura S Lot# S655, s/n LAM451570 Condition 1Sold at $423,510 Russo and Steele, Monterey, CA, 8/14/2008 SCM# 117522 1970 Lamborghini Miura P400S Lot# 577, s/n 4659 Condition 1 Sold at $484,273 Bonhams, Sussex, UK, 7/11/2008 SCM# 117192 Sports Car Market Photos: Darin Schnabel

Page 45

will listen (a rapidly dwindling crowd) that I, and my colleagues who write about collector car values, would soon be reduced to sounding like the moronic financial pundits on the evening news. You know, the ones who tell you in earnest tones exactly why the stock market did what it did that day. I've always wondered why, when they say, “Investors sent the Dow down on jitters about...” I never remembered feeling any jitters at all that day. I fear we will end up micro-analyzing every individual sale to see in it evidence of a flood. However, since I am paid the soldi grandi (big bucks) for telling you what I think these sales mean in the context of the market, here goes. Hold your breath… Not much. There has to be thought given to the old standbys of supply and demand. There have been periods, such as 2002, when more than a dozen Miuras showed up at auctions around the world. Then it slowed in the following years to a relative trickle, only to pick up again in 2008, with about ten or so cars at major sales. Buyers are being much more selective One of the realities of the current market is that buyers are being much more selective and more careful with their dollars (or euros, pounds, Swiss Francs, yen, or whatever). The car sold by RM was very nicely done, but not the best on the market. There were some incorrect details, such as engine air cleaner boxes, which were Seat Time If you like cars with “noises,” the Miura has quite a range, from the gearbox when you are just tootling around, to a full symphony of cams, valves, and exhaust as you hit the upper reaches of the rev counter. But you don't have to get aggressive to enjoy it: Like a Dino, a Miura is a pleasure even at two-tenths. It has the same starting B.S. of any period Ferrari—pump throttle, start, restart, restart, runs on 6, 8, 11, and finally 12. It needs some warming, but then it's a real pleasure. And of course it has some foibles: leave the window lifter button pushed down once the window is up and you'll drain the battery; drive it on a hot day and you'll test the power of your deodorant; drive it in the rain and you'll find that the windshield wipers are three inches long, it mists up, and it leaks substantially. Regardless, just look at the thing. I defy you not to fall in love. Randy Simon, Beverly Hills, CA: I've had the privilege of owning all three Miura variants—P400, Watkins's Miura Dan Watkins, Marblehead, MA: The Miura is a drivable work of art. It almost seems wrong to drive it in casual clothes—one feels the need to dress appropriately. And when you park, it's difficult to walk away. S, and SV. Although the SV is most valuable, my favorite is the S; I love the headlight eyebrows, which were deleted on the SV. And the SV's split sump is overrated. When new, only the last 50 SVs built (out of 150) had it, so obviously it wasn't critical. I bought #3874 (an early S—the later ones had vented disc brakes) for $232,000 in 1989 from racer Oliver Kuttner, who gave me a hair-raising ride in it back to the airport when we realized I was about to miss my flight home. I turned down a $250,000 offer the next day and instead sold it two years later for $78,000. I hope the market doesn't drop like that again… chromed rather than painted white with decals, and the wheel knockoff spinners, which were painted, instead of nickel-plated. These indicated to me that the work done on this car, while great looking, was not done by people who know the Miura or early Lamborghinis very well. And with the choice of cars on the market, buyers take discounts for shortcuts or inaccuracies. In addition, personal tastes count for a lot in choos- ing one of these as well. The color combination of red over blue was original and correct, but not everyone's cup of tea—for the record, I thought it great. I have no doubt that a similar car prepared to a higher level would bring a higher price in the marketplace. Still, in selling at $308,000, it fits nicely in at the bottom end of the SCM value range, and given the eyeball this car had and the simple nature of the work needed to bring it up to snuff, this transaction has to be counted as appropriately bought, if not well bought. ♦ (Introductory description courtesy of RM Auctions.) April 2009 47

Page 46

German Profile 1957 Mercedes-Benz 300SL Roadster What used to be $300k–325k for a nut-and-bolt restoration is now closer to $400k at any of the known restoration shops By Alex Finigan Details Years produced: 1957–63 Number produced: 1,858 Original list price: $11,000, approx. SCM Valuation: $400,000–$550,000 Tune-up cost: $3,500–$5,000 Chassis #: Stamped onto front crossmember and chassis plate on firewall Engine #: Right front side of block, just below head Club: www.gullwinggroup.org Alternatives: 1959–63 Aston Martin DB4, 1957–63 Ferrari 250 GT, 1956–57 BMW 507 SCM Investment Grade: A Comps Chassis number: 1980427500582 I n many ways, the Mercedes-Benz 300SL Roadster was an improvement over its Gullwing predecessors. The multi-tube chassis was redesigned with lower sills and conventionally hinged doors for easier entry and exit. Roll-up windows overcame one of the Gullwing's greatest drawbacks—inadequate interior ventilation—and the seats were given a three-position backrest rake adjustment. Beyond providing more accessible power, the rear suspension used the revised low-pivot swing axle design with a camber compensator spring for a better ride and to help overcome the Gullwing's tendency to suddenly oversteer during enthusiastic cornering. This Mercedes is presented in a dramatic red and black livery; however, a copy of the original factory build sheet accompanying the car indicates the SL was originally DB 180 Metallic Silver and with Code 333 Dark Blue Leather and Code 896 Blue soft top. Also specified on the build sheet are U.S. headlights, dual backup lights, dual outside lock cylinders, Becker “Mexico” radio and Hirschmann antenna. Most importantly, the record confirms that SL7500582 retains its original engine (7500590) and original body (7500506). An inspection of the car indicated no evidence of major rust, corrosion, or significant accident damage and revealed a number of original components. Other details confirm the integrity of this car, such as twin Bosch coils, Koni shock absorbers, unique valve stem clips, and the correct headlamps. Along with the original jack, the original spare is in the trunk and wears a period Michelin X tire. The interior is largely complete and features seat belts from the Rupert Parachute Company, a nice personal touch from 48 Mr. VanKregten. Overall this is a very honest, solid car deserving of a restoration that would bring it back to its original glory. It has been in Mr. VanKregten's garage for three decades and still retains its most important original components. SCM Analysis This car sold for $242,000, including buyer's premium, at the Gooding & Company sale in Scottsdale, Arizona, on January 17, 2009. With some Roadsters selling well over the $500k mark, at first glance this one seemed quite reasonably priced. However, this 300SL was no bargain. Here's why. Usually when a car like this comes out of the estate of a long-time owner—in this case over 30 years—buyers are apt to pay a little more than the current market. Everybody likes the story, and the fact that VanKregten also owned a California Spyder... you knew this was a “car guy” and he had some great stuff. Unfortunately, that was not the case here. Rode hard and put away wet I attended the auction and had a chance to inspect this car. From ten feet away, you could tell it had been rode hard and put away wet. After working on these cars for over 30 years, it doesn't take me long to assess one. Normally most cars have at least one thing going for them—great mechanicals, great body, great interior, low miles—something that makes you feel comfortable in taking the extra time to check it out further. This car was really lacking any of the above. It needed everything. It was probably purchased by Mr. 1957 Mercedes-Benz 300SL Roadster Lot# 164, s/n 1989807500225 Condition 2+ Sold at $704,000 Gooding, Pebble Beach, CA, 8/13/2008 SCM# 117591 1958 Mercedes-Benz 300SL Roadster Lot# 432, s/n 1980428500159 Condition 2 Sold at $528,000 RM, Monterey, CA, 8/14/2008 SCM#117479 1960 Mercedes-Benz 300SL Roadster Lot# 58, s/n 19804210002610 Condition 2+ Sold at $545,000 Worldwide, Auburn, IN, 8/30/2008 SCM# 117883 Sports Car Market Photos: Gooding & Company

Page 47

VanKregten when it was just a used-up old sports car, and, as evidenced by the rest of his collection, he did very little in the way of preservation. As it hasn't run in many years, there was no way to ascertain its mechanical condi- tion. Did the engine turn over? Who knows? The interior looked like it had been done by an amateur who was used to doing 1950s diners. Who would do that to a car like this? It wasn't until I removed a seat cushion that I discovered it didn't have its original seats, but two crudely constructed fiberglass shells. Where could the seats have gone? In 30-plus years, I've never seen a 300SL Roadster missing its seats. I've also never seen a set of seats for sale. Where would you find them and at what cost? Then I thought, if something like this is missing, what else might be gone that I can't see? While going over the car and doing the math in my head, I knew I wouldn't be bidding on it. The numbers don't add up, especially now After the auction a couple of people came up to me and wondered why I let this “bargain” slip by me. But the numbers don't add up, especially in these economic times. You're starting out at around $245k once the car is delivered to our shop. Restoration takes a year, and parts and subcontractor costs have risen sharply. What used to be $300k–$325k for an every-last-nut-and-bolt restoration is now closer to $400k at any of the known restoration shops. Who wants to tie up that kind of money in a changing market? You can buy a fully restored disc-brake Roadster for $600k today and not have to wait twelve months. It just reinforces my mantra: “Overpay for the best, and you'll always be happy.” Of course there is a reason that buying this car would make sense. That's if some- one has “always wanted to restore a 300SL” and has lots of time and money on his hands. In that case, I would chalk the costs up to personal entertainment, and not worry about it. But for anyone who was thinking he could buy this car, take it to a specialist shop, and come out ahead, I'd call this one a financial black hole, and well sold. I can only assume the buyer knew exactly what he was getting, wasn't afraid of the project ahead, and had his own reasons for embarking on it. I wish him well. ♦ (Introductory description courtesy of Gooding & Company.) Archie Urciuoli, Casey Key, FL: This year marks the 20th anniversary of my purchase of a 1957 300SL Roadster, which I found through Paul Russell in 1989. Although I have owned dozens of street, touring, and many race cars, none has stayed with me as long, and that says it all. Its long, low design, signature “eyebrow” wheelwells, and muscular fenders give it an elegant yet powerful look, and it will cruise comfortably and reliably all day (or all week, for that matter) at a triple-digit pace, thanks to its 210-hp, dry-sumped, fuel-injected six. I constantly have to remind myself this is a 50-year-old car. Although the slightly lower-production Gullwing has almost always commanded a premium (ah, those incredible doors!), the Roadster's superior handling and creature comforts, as well as its disappearing top and somewhat better visual proportions, have considerably narrowed the gap in recent years. Not as “hard edged” as many sports cars of its era, it is clearly the premier grand tourer of its period, and the 300SL model of choice for those who put driving first and collectibility second. Seat Time April 2009 49

Page 48

American Profile 1954 Dodge Firearrow III Concept Chysler's financial crises of the early 1950s couldn't stop the string of Virgil Exner's Ghia concept cars by Carl Bomstead Details Years produced: 1954 Number produced: 1 Original list price: N/A SCM Valuation: $880k–$1m Tune-up cost: $75 Distributor cap: $19.95 Chassis #: n/a Club: None Alternative: 1953 Chrysler D'Elegance, 1953 Dodge Firearrow II, 1956–58 Dual-Ghia SCM Investment Grade: B Comps Chassis number: 9999707 this stylish open-top car looked like it was ready to ply the highways of tomorrow, it was just a rolling concept display model and had no running gear. But the public response was strong enough that the approval was given to design and build an actual running prototype; thus was born the Firearrow II. As with earlier versions of the Firearrow, the Series I III coupe was mounted on a regular production chassis from the Dodge Royal, and the running gear was left in stock form, with the “Red Ram Hemi” V8 engine providing plenty of power. Suspension was also taken straight from production models, as was the recently introduced fully automatic Torque-Flite transmission. Upon delivery to the Chrysler Corporation, the sleek blue coupe was earmarked to be the center attraction at the opening of the company's new Chelsea Proving Grounds in June 1954. Betty Skelton, one of the best aerobatic pilots in the world, took the Firearrow III out on the new banked oval and opened it up all the way. In the process she set a new world record for a woman on a closed course of 143.44 miles per hour, and this while wearing a dress and high heels! Since that time, the Firearrow III has been treated to a ground up restoration by the gifted shop of Fran Roxas. The Firearrow III presents a most significant chapter as the only concept/dream car ever to hold a land-speed record, demonstrating that this beautiful blue coupe was not just built for show. 50 n 1953, Dodge unveiled its first concept car, the Firearrow, a sleek out-of-this-world roadster that provided a glimpse of what everyone's new automobile would look like in just a few years. While SCM Analysis This car sold for $880,000 at the RM auction held in Phoenix, Arizona, on January 16, 2009. The Harley Earl-designed 1938 Buick Y-Job is credited with being the first concept car created, and as with most of the concept/dream cars that followed, many features of the Y-Job turned up in later production models. Concept cars were and continue to be created for a variety of reasons, not the least of which is to judge the buying public's reaction to new styling ideas and elements. They also stimulate the thinking of the automotive stylists while creating valuable attention and consumer interest for the particular manufacturer. Chrysler, even while facing a severe cash flow crisis in the early 1950s, realized the significance and importance of creating public excitement with the creation of striking dream cars. Virgil Exner was tasked with the Mopar efforts and Ghia of Turin, Italy, upon receiving a 3/8-scale clay plaster model, constructed full-size running prototypes. Certainly influenced the Dual-Ghia The first of his creations was the K-310 coupe, with a 311 Hemi under the hood and an unusual dummy spare tire outline on the trunk. The Chrysler C-200 convertible followed, and both were briefly considered for production, but lagging sales in the overall car market created financial restraints and the plans were shelved. This did not, however, stop the procession of Exner-inspired concept cars, and the Chrysler Special and a second version that was nicknamed the “Thomas Special” (built for the president of Chrysler's export division) followed. In 1957 Dual-Ghia Convertible Lot# 257, s/n 158 Condition 1 Sold at $319,000 RM, Dallas, TX, 4/19/2008 SCM# 116505 1953 Chrysler Ghia GS1 Lot# 90, s/n 7232631 Condition 1Sold at $354,750 RM, Phoenix, AZ, 1/28/2005 SCM# 37269 1952 Chrysler Thomas Special Lot# 162, s/n C51834214 Condition 2 Sold at $715,000 RM, Amelia Island, FL, 3/11/2008 SCM# 41029 Sports Car Market Photos: Darin Schnabel

Page 49

1953, the Ghia-built Chrysler D'Elegance evolved with gunsite taillights and faux decklid spare tire. The Dodge Firearrow roadster first appeared as a two-seat mockup and was quickly followed by the Firearrow II, a fully functioning car based on the prototype. The Firearrow III, a sport coupe, was a further evolution of the design, and the Firearrow IV convertible, with folding top and roll-up windows, was ready for production. That didn't happen, but the design certainly influenced the Dual-Ghia. Other Chrysler concepts followed, including the Plymouth Belmont (intended as a Corvette and Thunderbird fighter) and the DeSoto Adventurer. The public never had the opportunity to see the 1957 Chrysler Norseman concept, with its cantilevered roof without an A-pillar, as it went down in the hold of the Andrea Doria in July 1956 on its way home from Ghia. Trying to catch the Oldsmobile F-88 Numerous concept cars have come on the market in the past few years, as sellers attempt to catch the wave that swept the Oldsmobile F-88 concept over the $3m mark at Barrett-Jackson in 2005. None have even come close. The 1952 Chrysler Thomas Special realized $715,000 at an RM sale in March 2006, while the Chrysler D'Elegance brought $1,100,000 at BarrettJackson in 2006. The Firearrow II and IV were sold at Barrett-Jackson in January 2007 for $1,100,000 each; there were rumors the seller had expected far more. Most concepts were not built for serious driving. For instance, the Lincoln Boano only had a five-gallon gas tank, and the previous owner of the Chrysler D'Elegance did not feel comfortable driving it across town due to its mechanical quirks. Not so with the Firearrow III, as evidenced by Betty Skelton's record-setting exploits. All factors considered, we have to say that this concept could easily have brought a number in line with the Chrysler D'Elegance and the other Firearrows without surprise. However, these are challenging times for the market, so I would call this both well sold and very well bought. ♦ (Introductory description courtesy of RM Auctions.) April 2009 51

Page 50

Domestic Affairs 1969 Chevrolet Camaro Pace Car Convertible Authentic, “no excuses” cars hold their value even in a down market, and this result bore that out, with fierce bidding from the outset by Chip Lamb Details Years produced: 1967–69 Number produced: 7 (1969 NASCAR pace cars) Original list price: $2,941 (1969 convertible, not including NASCAR roll bar, etc.) SCM Valuation: $200,000–$300,000 Tune-up cost: $150 Distributor cap: $13 Chassis #: Driver's side dashboard top, partial behind heater cowling Engine #: Pad on passenger side front of block Club: American Camaro Organization 5786 Buckeye Road Macungie, PA 18062 Chassis number: 124679N525381 4-speed. It is nicely loaded with options, including power disc brakes, power steering, factory air conditioning, power windows, console with gauge package, fiber optics, rear vigil light, steel wheels with poverty caps, front and rear spoilers, AM/FM Blue Dot stereo, tilt wheel, rosewood wheel, and more. Additionally, NASCAR installed the roll bar and seat belts when it was delivered new to the Daytona Beach headquarters. This car represents just one of seven produced for the T eight major races NASCAR held in 1969. One of the cars was relettered and used at another race later on in the year. There are said to be only three remaining NASCAR Pace Cars still around, but this is the only example known that has bulletproof documentation. Always trading hands among elite collectors, it has been part of the collections of Dick Bridges, Carl Dwiggins, and Ed Ulyate. The car was professionally restored by Camaro expert Dave Tinnell and has been driven less than ten miles since. It has always been stored in climate- and humidity-controlled buildings. The history begins with the Manufacturer's Statement of Origin from Chevrolet, made out to the National Association of Stock Car Auto Racing, Inc. Attached to this is the sales tax exemption affidavit, which states that the car was specified for use in the state of North Carolina only and to be used at the Charlotte Motor Speedway, signed for by NASCAR, Inc., with William C. France's signature. The application for title and registration from Chevrolet Motor Division, Norwood, OH, to NASCAR, Inc., Daytona Beach FL, was signed by William C. France, and the first title issued was in the name of NASCAR, Inc. 52 his rare 1969 Chevrolet Camaro RS/SS NASCAR Pace Car finished in Dover White with Deluxe Blue Comfort Weave interior features its original matching-numbers 396-ci big-block backed by a Muncie The car is still titled today in the third owner's name from 1972, when he purchased it from Richard Howard, owner of Charlotte Motor Speedway at the time. Howard bought the car from NASCAR and used it as his own personal car for a couple of years. It had the same owner from 1972 until 1988, when Carl Dwiggins bought it. Very rarely is a car of this caliber available to the general public; they are usually sold privately between collectors. This car would be the cornerstone of any collection. SCM Analysis This car sold for $258,500, including buyer's premium, at Russo & Steele's auction in Scottsdale, Arizona, on January 16, 2009. (Disclaimer: I worked at this sale for Russo and Steele, which gave me the ability to examine the quality of the restoration of this car, as well as all the documentation.) The first-generation Chevrolet Camaro debuted in September 1966 for the 1967 model year and was produced through 1969 on a brand new rear-wheeldrive GM F-body platform. With engines ranging from Chevrolet's 235-ci inline-6 through small- and bigblock 327-ci, 350-ci, 396-ci, or 427-ci V8s, anyone who wanted a good-looking Camaro could make it the way he wanted. Because of the Camaro's popularity and perfor- mance, it was selected as the Indianapolis Pace Car for 1967 and 1969 and also as a pace car for the NASCAR circuit. NASCAR was at least a 400-pound gorilla in automotive racing at that time, and its cars were representative of the “stock cars” the sanctioning body proclaimed them to be. No wonder a Camaro convertible was chosen by Bill France to pace each race, bedecked by good looking women riding in the car's roll barequipped rear seat. 1967 Chevrolet Camaro RS/SS Indy Pace Car Lot# 209, s/n 124677L156264 Condition 2 Sold at $88.000 RM, Dallas, TX, 4/19/2008 SCM# 116330 More: www.americancamaro.org Alternatives: 1970–71 Plymouth 'Cuda, 1967–70 Shelby GT500 & GT500KR, 1969–71 Dodge Challenger SCM Investment Grade: A Comps 1969 Chevrolet Camaro RS/SS Indy Pace Car Lot# S161, s/n 124679N628889 Condition 2 Sold at $78,750 Mecum, Kissimmee, FL, 1/24/2008 SCM# 48864 1969 Chevrolet Camaro RS/SS Indy Pace Car Lot# 422, s/n 124679N614296 Condition 2 Sold at $70,000 Barrett-Jackson, Scottsdale, AZ, 1/12/2008 SCM# 48673 Sports Car Market

Page 51

The same profile as the Indy Pace Car This was a good deal for General Motors, as it placed the Camaro in a high-visibility sector of a target market for the big-block cars. And it wasn't a bad choice for NASCAR, either, as the uniform fleet of white Camaros were the same profile as the Indianapolis Pace Car seen by millions on television at the Brickyard and in Chevrolet dealerships. Camaros have taken a beating lately with the fall in muscle car prices. Once-mighty Z/28 RSs and true highhorsepower big-block examples have been reduced to the values of more than a few years ago. While not built in nearly the same quantity as the Mustang, there is little shortage of well-restored, numbers-matching Camaros, along with a floodtide of resto-mods and tributes. Many of these cars were built during the run-up in prices, and restorers have been cutting them loose to a new breed of enthusiasts who value over-restored cars more than those that ever rolled out the doors of Norwood or Van Nuys. Unlike plenty of cars with claimed, and perhaps actual, body-off rotisserie restorations with suspect outcomes, this car appeared to have been restored by somebody very knowledgeable. The interior was correct and well-executed; under the hood was the same. The low mileage since recommissioning was evident, and yet the hand-painted details to either side of the car had a sort of down-home authentic feel to them, as one might expect in a car used to promote a southeastern racing series. The price this Camaro realized is greatly out of line with Camaro prices in gen- eral, but there's a pivotal reason. This is more than a Camaro with a big-block and a top that goes down: It has an extensively documented history, including an unbroken chain of ownership. The sales price accurately reflects the quality of the restoration and also the quality of the complete provenance that accompanies the vehicle. ♦ (Introductory description courtesy of Russo and Steele.) April 2009 53

Page 52

Race Car Profile 1947 Steyr-Allard Hillclimb Car It's shiny and extreme, weird, overdone, and in-your-face in a manner that puts a grin on you just walking around it by Thor Thorson Details Years produced: 1947 Number produced: 1 Original list price: n/a SCM Valuation: $203k on this day Cost per hour to race: $10,000 (but in two-minute increments) Magneto cap: $250 Chassis #: Engine compartment on firewall Engine #: Top of front case Club: Allard Owners Club PO Box 1378 Marston Mills, MA 02648 More: www.allardownersclub.org Alternatives: 1952 Allard J2, 1938 ERA D-type, 1948 Cooper JAP SCM Investment Grade: B Comps 1952 Allard J2R Lot# 2247, s/n 99J2122 Condition 2 Sold at $220,000 Chassis number: n/a S ydney Allard's famous one-off hillclimb car, the 1947 Steyr-Allard, is the best known of all his vehicles. Allard competed in the British Hillclimb Championship with this car for five years, finishing 3rd in 1947 and 1948, 1st in 1949, 2nd in 1950, and 3rd again in 1951. The car held records at various hillclimb courses and sprint events in which it competed. After being sold in 1952, the car continued to compete until the early 1960s. It was acquired by the current owner in 1994 and restored to active competition in 2001. This car has been fully documented in hundreds of books and magazine articles. SCM Analysis This car sold for $203,500 at the Barrett-Jackson auction in Scottsdale, Arizona, on January 17, 2009. (Disclaimer: My company was the successful bidder and bought this car for a client; obviously we like it.) There is no such thing as a subtle Allard—that's the glory of them. Actually, that might not be completely fair: In the late 1940s and early 1950s, Allard produced a number of sporting yet conventional cars. They were also suitable for grocery getting or tea with the vicar, but the point is that nobody remembers them. 54 If you say Allard, all anyone thinks of is the J2 and J2X. They were Spartan, cycle-fendered phallic things with huge engines, the handling characteristics of a grocery cart, and the adrenaline equivalent of a snub-nose .45. In other words, cars for real men. The Steyr-Allard was a one-off hillclimb special, created in a skunk works out of spare bits as a personal toy, but in many ways it presaged the J2. It marked the change from slow but unstoppable “mud trials” Allards to the speedy cars that would define the marque. Sydney Allard was born in 1910, the son of a suc- cessful London real estate developer. But he preferred machines to brick and mortar and embarked (with his father's very grudging support) on a path that went from maintaining to modifying to eventually building sports cars. Not one for the “right crowd and no crowding” Brooklands scene that defined British road racing in the 1930s, Allard gravitated to trials events. The worst bits of field and stream Trials were a uniquely British motorsport that entailed taking the worst bits of pasture, stream, and hillside and seeing who could drive furthest (or with the least number of catastrophes) through the inevitable RM, Marshall, TX, 4/20/2007 SCM# 44868 1952 Allard J2X Lot# 976, s/n J2X3042 Condition 2+ Sold at $216,000 Barrett-Jackson, Scottsdale, AZ, 1/26/2005 SCM# 36965 1953 Allard J2X Lot# 155, s/n 3155 Condition 2 Sold at $171,600 RM, Auburn Hills, MI, 7/31/2004 SCM# 34406 Sports Car Market Photos: Barrett-Jackson

Page 53

tube, and the normal Bellamy split front axle. The original car used a live axle at the back, but it was almost immediately replaced with an experimental deDion assembly that worked so well it became the production rear suspension for all Allards. With the exception of the steering arrangement (which remains truly awful) and of course, the double rear tires, the resulting special has the same mechanical layout as the production J2 that was to follow. The car was successful from the beginning, winning or contending for the win at virtually every event it entered for five years, and it marked the beginning of the Allards we venerate today. Though it's a glorious beast, there is almost no way to take this car seriously. It's too much of a caricature of itself, a full-scale Tonka toy, the kind of thing your sixyear-old would treasure above all his other playthings. It checks all the boxes—it's shiny and extreme, weird, overdone, and in-your-face in a manner that puts a grin on you just walking around it. The problem from a market standpoint is that there mess. Speed had virtually nothing to do with it. Allard proved to be very good at both driving and designing effective trials cars, and by the end of the 1930s, his dealership was successfully serving both the public and the trials community. His company was named Adlard's Motors, originally an in-joke that has caused confusion ever since “Allard” came along as a car manufacturer. Adlard was kept busy through the war as a repair and remanufacture facility for Ford-based military vehicles. After the war, Allard moved ahead with the idea of a complete model line: The “K” would be a competition-oriented sports car, the “L” was to be an open tourer, and the “M” a full saloon. As a service to friends, a few “J” models were to be built as pure competition cars. Allard had a long association with Ford, and a substantial stock of mechanical bits built up over the war, so the idea was to use primarily Ford mechanicals on an Allard chassis with bodies built by local craftsmen. Though materials were difficult to find, he managed to produce a few cars in 1946 and the future looked bright. Allard also set up a private garage away from the main works and staffed it with several of his best men. Their first project was a hillclimb car. Allard was using the flathead Ford V8 for power in his cars, but rather by accident two Steyr-Puch 3.6-liter V8 engines happened to be lying around the shop. The Steyr V8 was originally designed as a German light aircraft engine, but had been adapted to both vehicle and stationary use during the war. They were 100 pounds lighter than the Ford. 150 hp on alcohol fuel The engines had ended up in a surplus auction where a friend of Allard's bought them out of curiosity. They only made 45 hp out of the box, but the potential was clearly there for a light, powerful sprint engine. When Allard's boys were done, the engine made 150 hp using alcohol fuel, eight motorcycle carburetors, and 12:1 compression. The lack of fans on an air-cooled engine meant only a few minutes run time before overheating, but it was enough for a run up the hill. The frame used a couple of J1 rails, joined with some channel and large-diameter is virtually nothing you can do with it. It's a hillclimb car, made to go flat out up a winding dirt road for no more than two minutes at a time, after which you coast back down and do it again. They do a bit of this in the U.K., but almost none of it in the U.S., which brings up the question of why it was auctioned in Scottsdale. In the U.S., the only buyer for a car like this is an established Allard collector who wants a significant bookend for his collection. The supply of buyers is thus very limited, and though everyone in the tent loved the car, there were few paddles raised. We were both surprised and pleased when the bidding stopped with us. This is a car that was killed by market timing. A year ago it probably would have brought twice as much, but discretionary funds are now scarce, and pure collector pieces have suffered the consequences. For our capable and motivated client, the lack of competition created a great opportunity. We think, and I suspect you already know what I'm going to say here, that the car was very well bought. ♦ (Introductory description courtesy of Barrett- Jackson.) Seat Time Jack Malacarne, Kansas City: I graduated from high school in 1960 and was looking for a sports car to buy. One Saturday I saw an ad in our St. Louis paper for an Allard—no phone number, just an address in an old blue-collar South St. Louis neighborhood. Hardly the place you'd expect to find such an exotic car. I talked my dad into investigating with me, and lo and behold, in a small garage in back of a brick flat was a beautiful red Allard J2X with tan painted wire wheels, inboard rear brakes, cycle front fenders, huge chrome pipes, and a big Cadillac V8 under the hood. It also had a Cadillac 3-speed transmission—sort of like a column shift mounted sideways on the floor. The owner showed me that he also had a manifold for two four-barrel carbs, but confided out of my dad's hearing that the single four-barrel was hairy enough and he hadn't had the nerve to try the dual set up. I am (and was then) 6' 6” and fit in the car comfortably. (The story was that Sir Sydney Allard was 6' 4” and wanted a car he could drive, so he sat on a low wooden box in the shop and they took measurements and built the car around him.) The asking price was $3,000, about $450 more than a new TR3A, but Pop thought the Allard was more suited to the Indy 500, and after another look at the menacing Caddy V8, he said, “No way.” April 2009 55

Page 54

Market Reports Overview Five Scottsdale Auctions Bring $133m Current market conditions were a harsh reality for some, but many cars still brought good money by Jim Pickering At $32m, Gooding posted the only increased sales total of the weekend, up from $21m in 2008 nual sales, in the midst of some of the most challenging market conditions in recent memory. The months leading up to this year's Scottsdale sales showed generally flat results across the board, and many buyers and sellers held their breath while waiting to see just how that would affect sales under blue Arizona skies. Barrett-Jackson again lead the charge with nearly A $61m in totals, although that was well below last year's $85m and significantly less than 2007's $108m. However, as Auction Analyst Dan Grunwald noted, the high-end, high-dollar collectibles were mostly absent, and although the cars offered were not as over-the-top as they had been in years past, they still brought generally decent money for their conditions. A 1929 Ford 4-AT-E Tri-Motor airplane was this year's high sale at $1.21m, with the first 1955 Ford Thunderbird built coming in second at $660k. Gooding & Company was the only auction house to see an increase in totals over last year, and in this case, it was a substantial gain over its $21m inaugural Scottsdale event in 2008. The firm sold 84 of 101 cars for a final total of $32m, outdoing cross-town rival RM by a full $14m. Contributing Editor Donald Osborne noted that seven cars brought over $1m—the highest concentration of high-dollar sales at all of the Scottsdale auctions—with the highest sale of the group (and of 56 ll eyes within the auction world were on Scottsdale during the second and third week of January, as flagship auction companies made their way to the desert to host their an- the entire week) going to a 1960 Ferrari 250 GT SWB California Spyder from the VanKregten Collection at $4.95m. RM returned to the Arizona Biltmore for its annual Automobiles of Arizona event, where 106 of 127 cars sold for a final total of just over $18m, or $8.5m below last year's $26.7m total. Senior Auction Analyst Carl Bomstead was present to cover the cars as they crossed the block, noting that the highly anticipated 1963 Corvette Grand Sport, the 1937 Bugatti Type 57SC, and the 1958 Ferrari 250 GT TdF all failed to find new ownership at $4.9m, $4.5m, and $1.8m, respectively. A 1967 Ferrari 275 GTB/4 took high sale honors at $918,500, with the 1954 Dodge Firearrow III concept following closely behind at $880,000. Senior Auction Analyst B. Mitchell Carlson made his way to Russo and Steele's annual hometown auction, where 262 of 597 cars sold for a final total of $17.5m. As Carlson noted, although totals were down a little over $1m from last year's $19.1m, Russo suffered less of a drop than most of its competitors this year, due in no small part to a more wide-ranging collection—encompassing European sports as well as American muscle—than seen here in years past. High sale honors went to a 1955 Mercedes-Benz 300SL Gullwing at $660,000, while a 1970 Dodge Hemi Challenger previously owned by Nicolas Cage brought $440,000. Auction Analyst Lance Raber was joined by B. Mitchell Carlson for coverage of Silver's Fort McDowell sale, which this year sold 199 of the 443 lots on offer for a total of $3.5m—about half of last year's $6.7m for 299 cars. Raber noted that many sellers were still clinging to last year's prices, but there were still deals to be had on driver-quality machines if each party was willing to bend a bit. This year's high sale was a 1970 Dodge Challenger at $65,500, with a large number of consignments selling at or below the $20k level. Finally, if you're fatigued by the travails of those who traffic in million-dollar cars, here's something a little different. If zebra-print seat covers, feathered boas, and fedoras float your automotive boat, Geoff Archer's eBay Motors report might just have the pimpmobile for you. ♦ Sports Car Market

Page 55

Sales Totals, 2005–09 $120m $100m $80m $60m $40m $20m Barrett-Jackson Gooding & Company RM Auctions Russo and Steele Silver Auctions 1966 Shelby Cobra Super Snake, $5,500,000 Barrett-Jackson 2005 Gooding & Company RM Auctions n/a 112/118 (95%) Russo and Steele 174/266 (65%) Silver Auctions Yearly Sold / Offered Summary 2006 2007 Barrett-Jackson 878/878 (100%) 1,063/1,063 (100%) n/a 106/110 (96%) 299/396 (76%) 238/446 (53%) 233/376 (62%) 1,239/1,239 (100%) n/a 106/114 (93%) 294/431 (68%) 238/438 (54%) Total Sold / Offered 1,402/1,708 (82%) 1,701/1,945 (87%) 1,877/2,222 (84%) Total Sales $95,772,081 $154,957,082 $162,792,396 2008 2008 1,135/1,135 (100%) 64/71 (90%) 88/95 (93%) 298/490 (61%) 299/442 (68%) 1,884/2,233 (84%) $158,070,187 2009 1,075/1,075 (100%) 84/101 (83%) 106/127 (83%) 262/597 (44%) 199/443 (45%) 1,726/2,343 (74%) $132,504,088 1960 Ferrari 250 GT SWB California Spyder, $4,950,000 Gooding & Company SCM 1-6 Scale Condition Rating: 1: National concours standard/ perfect 2: Very good, club concours, some small flaws 3: Average daily driver in decent condition 4: Still a driver but with some apparent flaws 5: A nasty beast that runs but has many problems 6: Good only for parts April 2009 Top 10 Sales This Issue (Land Auctions Only) 1. 1960 Ferrari 250 GT SWB California Spyder, $4,950,000—G&C, p. 76 2. 1937 Talbot-Lago T150C SS teardrop coupe, $3,520,000—G&C, p. 74 3. 1932 Daimler 40/50 Double Six sport saloon, $2,970,000—G&C, p. 72 4. 1929 Duesenberg Model J Dual Cowl phaeton, $1,375,000—G&C, p. 80 5. 1937 Bentley 4¼ Liter fixed head sport coupe, $1,320,000—G&C, p. 72 6. 2003 Ferrari Enzo coupe, $1,265,000—G&C, p. 80 7. 1933 Isotta Fraschini 8A Dual Cowl sports tourer, $1,089,000—G&C, p. 76 8. 1938 Mercedes-Benz 540K Sport cabriolet, $946,000—G&C, p. 76 9. 1967 Ferrari 275 GTB/4 coupe, $918,500—RM, p. 90 10. 1954 Dodge Firearrow III Concept sports coupe, $880,000—RM, p. 96 1936 Hispano-Suiza J12 Convertible Victoria, $880,000—G&C, p. 80 1. 1955 Mercedes-Benz 300SL Gullwing coupe, $467,500—RM, p. 86 2. 1938 Mercedes-Benz 540K Sport cabriolet, $946,000—G&C, p. 76 3. 1965 Chevrolet Chevelle Malibu SS Z16 2-door hard top, $154,000—R&S, p. 103 4. 1966 Wolseley Hornet Mk II convertible, $9,625—B-J, p. 60 5. 1957 MG A roadster, $13,900—Sil, p. 108 57 Best Buys 1959 Ferrari 250 GT LWB Calfiornia Spyder, $3,300,000 Gooding & Company 2009 1953 GM Futurliner, $4,320,000 Barrett-Jackson 2007 2009 2008 2007 2006 2005 1954 Oldsmobile F-88, $3,240,000 Barrett-Jackson 2006 Top Sales by Year 2005

Page 56

Barrett-Jackson Scottsdale, AZ Scottsdale 2009 One of the highlights was the selling of some of the GM Heritage fleet, consisting of surplus concept cars, show vehicles, and restored GM vehicles Company Barrett-Jackson Date January 11–18, 2009 Location Scottsdale, Arizona Auctioneer Assiter & Associates— Tom“Spanky”Assiter, lead auctioneer Automotive lots sold / offered 1,075/1,075 Sales rate 100% Sales total $60,813,390 High sale 1929 Ford 4-AT-E Tri-Motor airplane, sold at $1,210,000 Buyer's premium 454-ci “Big Doggie” ZR-2 Corvette made $71,500 Report and photos by Dan Grunwald Market opinions in italics plane that wasn't even displayed at the sale (and was the only lot to crack the $1m mark). The offerings of what we usually think of as hot rods were minimal, and muscle was the strong point, with $50k–$150k seeming to be the sweet spot expected and achieved. There were fewer #1 cars, more driver-level offerings, and lots of special latemodel cars, whose profits were donated to charity. Gone were the million-dollar automotive lots, and in their place were cars for everyday collectors and first-time buyers. One of the highlights of this auction was the GM F Heritage fleet (often incorrectly referred to as the GM Heritage Collection, which contains the core of GM's significant cars, and was not part of this auction). This consisted of concept cars and show vehicles, as well as restored GM vehicles that were deemed to be excess or redundant to the GM Heritage Collection. These were greeted with great enthusiasm by both dealers and collectors, and made some surprisingly high prices. Nearly all were cars that could not be titled, an issue addressed by GM and Barrett-Jackson. Bidders were warned that the lot was sold without warranty or guarantee of any kind as to the ability of said lot to perform in any capacity or pass any emission or other standard, 58 ollowing a successful premier in Las Vegas last October, the annual Scottsdale Barrett-Jackson event featured a change in format. Top seller this year was a Ford Tri-Motor air- or the ability to be titled legally anywhere. The VINs were in some cases complete and in some cases were very short, beginning or ending in an “EX,” which designated experimental. At the very least, most were sold on a scrap title (even on very low-mileage auto show cars), and many were sold without even an MSO and on a bill of sale only. Not all of the GM cars were even a bit special, such as lot 93, a bland 1991 Saturn sedan, which still brought $3,850, but a number of them were very special indeed. Included in this group was a 1986 Cadillac Presidential limo, a one-off 1995 Buick Riviera convertible, and numerous Corvettes and display chassis. Total sales dollars for Barrett-Jackson were off $20 million this year compared with 2008, and the dollars per item weren't as high as in the past, either. With fewer trailer queens being sold, this decrease was a foregone outcome. The cars were still very nice, just not all pristine. The top automotive seller was the first produc- Sales Totals tion 1955 Thunderbird, which found a home at $660k. Another interesting item was the “Snake Skinner” GM lightweight concept 1989 Corvette pre-production ZR-1, which brought $176k. Barrett-Jackson always promotes a circus atmosphere with its big top, surround-sound patter, and flashing screens, and this year was no exception. If prices were down, business was still brisk, with plenty of enthusiasm. As always, there was variety, rarity, crazy-high and bargain-low pricing, as well as interesting tidbits to bring up in car guy conversations for the rest of the year. ♦ $20m $40m $60m $80m $100m $120m 2009 2008 2007 2006 2005 10%, included in sold prices Sports Car Market

Page 58

Barrett-Jackson Scottsdale, AZ ENGLISH #1304-1947 STEYR-ALLARD racer. S/N N/A. Polished aluminum/red leather. Steyr air-cooled V8 fed by eight motorcycle carbs. Several dents in polished alloy body, driver's dirt on seat. Fitted with two oil gauges (temp and pressure) and dual rear tires. Disc brakes in front, drums in rear. Cond: 2. SOLD AT fact it was only one of three, this was a good deal for the new owner. Even if there are more out there, it'll still be less common than your friend's Fiat. #1256.1-1962 JAGUAR XKE convertible. S/N 876700. Red/black cloth/tan leather. Odo: 76,943 miles. Recently completed rotisserie restoration by marque specialists shows well, with excellent paint and good panel gaps throughout. Some pitting to chrome on rear of hood edges, some trim shows light pitting and scratching. Engine cover won't open due to luggage rack on back. New weatherstripping, interior package tray replaced with wicker shelf. Roof rack installed. Claimed to be a life-long California car. Cond: 2+. SOLD AT $14,850. A nicely restored driver with happy two-tone paint. Cute certainly worked well here, and this car's colors, condition, and accessories helped it to bring top dollar. ITALIAN #411.1-1986 FERRARI MONDIAL cab- $203,500. Sidney Allard's personal race car, powered by a modified armored car powerplant. Could use a bit of a polish here and there, but otherwise ready to run. A decent deal for both parties. See profile, p. 52. #652-1951 MG TD roadster. S/N LHX5801. Black/black vinyl/red leather. Odo: 3,115 miles. Several cracks and chips in shiny black paint, weak chrome on outside mirrors, car. Claimed to have original knockoff wires and an original tool kit. Two owners from new, extensive photographic documentation of restoration included. Cond: 2+. SOLD AT $79,200. This car had a great look throughout, and the price paid was within reasonable market value for an example in this condition. Both the buyer and seller should be quite happy. #354-1966 WOLSELEY HORNET Mk II convertible. S/N WA2S2786858. White/black vinyl/red vinyl. RHD. Odo: 14,510 km. Cracks and chips in paint, masking issues visible everywhere. Chrome shows age, panel fit varied, especially AT $27,500. Said to be an original-miles car with all services up to date. Still, fit issues were likely hinting at some expensive problems, and with that in mind, this was well sold. AMERCIAN #1570-1916 GMC stake truck. S/N 41448. peeling chrome on front bumper. Nice interior, solid undercarriage, well-detailed engine compartment. Cond: 2. SOLD AT $30,800. This car looked like a great driver that had been loved, and it wouldn't take much to continue to use it that way. Sold on the money for condition. #996-1962 AUSTIN MINI Jolly beach car. S/N AAYIL97654. Blue & white/tan wicker. Odo: 814 miles. Lots of orange peel and numerous prep flaws in paint. Good chrome, driver's wicker seat breaking on entry side. Said to be totally original, including mileage. Car card also states this is one of only three ordered. Owner claims to have driven it over 70 mph. Cond: 2. SOLD AT $53,900. This was serious money for a cute beach car, but if in Yellow & black/black leather. Completely and professionally restored far better than new with the former GM “money is no object” mentality. Solid rubber tires, spoke wheels, 4-speed with at hood. Original 998-cc engine replaced with 1275-cc Cooper S-spec mill. Right-hand drive. Cond: 4+. SOLD AT $9,625. In reality, the 1966 Wolseley is simply a tarted-up Mini, but this convertible looked to be one of the 57 cars built for Heinz 57 as a promo for Heinz soups. At this price, this was a bargain despite its condition issues. GERMAN #51-1961 VOLKSWAGEN BEETLE sedan. S/N 3575587. Green & white/tan vinyl. Odo: 73,490 miles. Paint chips around worm gear drive. Cond: 1. SOLD AT $77,000. The crowds were gathered around this truck all weekend, as it was really well done throughout. This would be great for parades or just for static showing, and this was a fair price to pay considering the quality of the restoration. #333.1-1937 AMERICAN AUSTIN Boattail speedster. S/N 3755286. Green/black vinyl. A diminutive roadster for one or two very close friends. Better-than-factory paint and chrome, nice detail work throughout. AACA First Place award at Hershey in 2006, restoration reportedly took in excess of 2,000 hours. Cond: 1-. SOLD AT $33,000. Reportedly built in the American Austin factory in Butler, PA, 60 Sports Car Market riolet. S/N ZFFXC26A3G0060965. Red/tan leather. Odo: 28,217 miles. Chips and paint flaws on nose, windshield delaminating on right bottom edge, seats look a bit dry. Top doesn't fit tight on right side, with light visible in spacing. Rubber windshield header piece chewed up. Rear fit of both side windows is off, suggesting window track or motor issues. Cond: 2-. SOLD

Page 60

Barrett-Jackson Scottsdale, AZ #1295-1955 FORD THUNDERBIRD con- vertible. S/N P5FH100005. Black/black/black & white vinyl. Odo: 4,200 miles. 292-ci V8, 4-bbl, auto. The first production Thunderbird. Some pinholes in paint, all tinted glass shows some scratches, especially in hard top backlight. Some slightly dull places in trim, chrome still shows well. Original black plate California in 1937. This always had a crowd around it here in Scottsdale, so if attention is what you were looking for, this might have been the car for you. In need of nothing other than further explanation of its history. Well sold. #1349.1-1954 CHEVROLET CORVETTE roadster. S/N E54S004068. White/tan canvas/ red vinyl. Odo: 31,911 miles. 235-ci 150-hp straight 6, 3x1-bbl, auto. Matching numbers. Mid-'80s restoration included engine and transmission. Typical door fit issues on driver's side, passenger's door fit much better but trunk high on that side. Excellent paint and plating, plates read “001 BRD.” Tested by Sports Illustrated in October 1954, designated by Ford as the most valuable T-Bird in existence. Cond: 2. SOLD AT $660,000. This car spent some time in a body shop after an accident a long time ago and ended up being owned by the body shop owner (à la the Leno Duesie). A historic automobile deserving of the money spent. Well bought and sold. #693.2-1958 PONTIAC BONNEVILLE 2-dr hard top. S/N C558H2891. Blue/blue vinyl. Odo: 51,648 miles. 370-ci V8, 3x2-bbl, auto. Good paint with wavy side panels and one large crack on driver's side. Acceptable chrome, some chips in front glass. New period-correct (SCM# 48563). This was said to be a life-long California car, and with no rust found, it looked the part. The seller had done some significant work to this car since its last auction appearance, and that certainly helped here, as a buyer paid well over current market value to own it. #933-1960 PLYMOUTH FURY convert- ible. S/N 3301190588. Blue & white/white vinyl/blue & white cloth & vinyl. Odo: 73,746 miles. 361-ci V8, 4-bbl, auto. Nice paint with very smooth side panels and mostly reconditioned exterior chrome and trim. Side window trim and outside mirrors show some age. New period-correct seat covers and carpets, interior dash trim shows some age-related wear. Chassis appears clean and new, but is not factory detailed. Cond: 2. SOLD AT $47,300. A nicely restored example that you won't see often, as just over 7,000 were built in 1960. This could have easily sold for around $10k more in this condition, so the buyer should be pleased. #990-1960 PLYMOUTH FURY con- lacks chrome valve cover, seat covers only OK. Front end rebuilt in 2006. Cond: 2+. SOLD AT $88,000. Mid-market money for a car that admittedly hadn't been used much since it was restored. The problem with these early cars is that they're not much fun to drive. And if you have the overwhelmingly common Polo White color (3,250 built, against 300 blue, 100 red and 4 black) you run the risk of running into a better example when you're cruising. #1254-1954 KAISER-DARRIN convert- ible. S/N 161001393. Yellow/yellow vinyl. Odo: 3,828 miles. Unusual color, three-position convertible top. Body number 393 of 435 built. Hard to find any faults. Owned by “Dutch” Darrin, 1958 State of California used vehicle seat covers, good dash and interior chrome. Interior side panels show light aging, no carpet or threshold trim, floor pans very clean and solid. Clean engine compartment. “E” missing from rear deck lettering. Cond: 3+. SOLD AT $35,750. A nice project that needed a bit of finishing, but the hard part—including tons of chrome and trim—was done. Well bought. #46-1959 NASH METROPOLITAN coupe. S/N E53537. Turquoise & white/black & white houndstooth cloth & vinyl. Odo: 79,281 miles. Good paint, most of the chrome looks new. New houndstooth interior shows well with little wear, solid floor pans hint at life in a dry climate. Taillight chrome trim in need of replating. Cond: 2. SOLD AT $33,000. Last seen at Russo and Steele's Scottsdale auction in January '08, where it failed to sell at $11,000 sale notice from his showroom included. In storage since, body-off restoration recently completed. Cond: 1. SOLD AT $176,000. If a Kaiser-Darrin was on your list, this was the car to buy, as it had not only great condition, but also low miles and an interesting history. An over-the-top price for an over-the-top example. 62 age and some marginal restitching on brokendown swivel seats. Door panels weak under dash. Under-dash Mopar a/c, new undercoating on chassis. Cond: 3-. SOLD AT $49,500. Last seen at Kruse's Seaside sale in August '07, where it failed to sell at $37,000 (SCM# 46340). Different and unusual but still needs lots of help. These are dangerous waters, especially at $49,500. Compare with lot# 933, which was a much better car. Well sold. #342-1963 PONTIAC LEMANS convert- ible. S/N 263S14188. Blue/white vinyl/blue vinyl. Odo: 55,406 miles. 326-ci V8, 2-bbl, auto. Older repaint presentable but showing its age, some scratches on chrome. Interior shows Sports Car Market vertible. S/N 3301121350. Plum Red/black vinyl/plum & white cloth & vinyl. Odo: 30,281 miles. 361-ci V8, 4-bbl, auto. Newer paint and top, some pitting on chrome. Both doors show trim issues at front of vent window, edge chips in front of hood. Clean engine, but not factory detailed, with thick undercoat on bottom of hood. Interior chrome shows lots of

Page 62

Barrett-Jackson Scottsdale, AZ car's selling price. A lovely car which vividly illustrated the iconic status of this model. $12,500 over high book and I still say it's a good buy. There's the best and there's the rest. #939.1-1964 PLYMOUTH FURY Max Wedge Stage III Replica convertible. S/N 3341132955. Red/black vinyl/black vinyl. Odo: 31,520 miles. 426-ci V8, 2x4-bbl, auto. New interior, weak dash trim and inside mirror. Loose trunk and hood edge trim. Nice paint and splits in original driver's seat and tears in soft top. Original automatic shift console. Rattle can and hose engine detailing. Cond: 3+. SOLD AT $15,400. There was much to like here. Even though there were numerous areas of wear, this had a lot of originality to it, and the price was market-correct for condition. #408-1963 FORD FALCON convertible. S/N 3H15V136923. Red/white vinyl/red vinyl. Odo: 81,337 miles. 260-ci V8, 2-bbl, auto. Quick repaint shiny and showing some chips, new chrome has no issues, some side trim misfit. Aged interior with poor chrome, cracked steering wheel, new carpet, and very sloppy chrome, clean engine compartment. Engine claimed to be a period-correct unit with only 75 hours of use. Three-inch exhaust with factory cutouts, power steering, power convertible top. Cond: 2. SOLD AT $41,800. A nicely done Stage III Max Wedge replica. With 13.5:1 compression and cross ram dual quads, this car is definitely not streetable today on pump gas, but it could be a lot of fun if you have a cheap source of C16 avgas. Well sold. #1285-1968 SHELBY GT500 KR con- new seat covers. Door panels look old. Sold with a custom matching trailer said to have been built by the “workers at the Ford factory in the 1960s” and titled as a 1998 homemade trailer. Composition board floor pan in trailer's trunk replaces metal, so don't get caught in the rain. Cond: 4. SOLD AT $18,700. Quite cute if you don't look too close, but once you do, the needs are hard to ignore. Still, this combination will certainly turn heads at the local cruise-in. A market price for both. #1263.1-1963 CHEVROLET CORVETTE coupe. S/N 30837S110651. Silver/dark blue vinyl. Odo: 45,432 miles. 327-ci 360-hp fuel-injected V8, 4-sp. Bloomington Gold Award, two NCRS Top Flights, Duntov Mark of Excellence. Paint too nice, but not fresh. Very clean and correct underhood. Excellent interior, cross-ply tires, manual brakes, Posi. Reportedly with very complete documentation. Cond: 1-. SOLD AT $137,500. What SCM's '63 Split-Window should have been, and worth correspondingly more than double the SCM vertible. S/N 8TO3R211037. Red/white vinyl/black vinyl. Odo: 54,309 miles. 428-ci V8, 4-bbl, 4-sp. Some dust in paint, door gaps slightly variable, bright trim around windshield over-buffed and showing scratches. Some waviness visible in left rear side panel. Newer Trans Am. New paint and chrome, scratches on side glass. Some incorrect detail work here and there, but looks pretty good overall. Cond: 2. SOLD AT $47,300. Originally a Limelight Green/Parchment Firebird. The fact that the car was locked up before and after its time on the block didn't discourage bidders, and someone paid well over market to take this dressed-up plain Jane home. Very well sold. #1568.2-1969 PONTIAC GTO 2-dr hard top. S/N 42379Z126236. Orange/black vinyl. Odo: 22,745 miles. 400-ci V8, 4-bbl, auto. Replica Judge for the movie “Last Ride” starring Dennis Hopper. Some marginal masking and lots of prep flaws. Two pinholes in paint, scratches on rear glass, no wheel trim rings. Hood tach, Ram Air hood, and a/c fitted. From the GM Collection. Cond: 2-. SOLD AT $25,300. I don't know why GM would keep this car, as it was basically just a nothing-special replica Judge. Price paid was OK for condition, and the new owner didn't have to spend a fortune for the ability to say he owns part of the collection. #1569.1-1969 PONTIAC GTO 2-dr hard top. S/N 242379Z101043. Green/black vinyl/ black vinyl. Odo: 3,993 miles. 400-ci V8, 4-bbl, auto. Nice paint, wide door gaps, scratches on side glass. Fitted with Ram Air hood. Engine AM/FM radio. Documented in the Shelby registry, comes with two Marti reports. Cond: 2+. SOLD AT $165,000. This was originally a white car, but this color looks better. A nice restoration that looks quite correct, and it was well bought for less than the owner had in it. #696.2-1969 PONTIAC TRANS AM Replica convertible. S/N 223679N11385. White/white vinyl/white cloth & vinyl. 400-ci V8, 4-bbl, auto. Re-creation of a rare convertible looks factory new. Restored and used by GM for a publicity film about the return of the GTO brand. Cond: 1-. SOLD AT $35,200. Sold in the correct area for a standard GTO without the GM provenance, which in this case was rather light. A decent deal for both parties. #970.2-1970 DODGE CHALLENGER convertible. S/N JH27H0B171798. Lemon Twist & black/black vinyl/black vinyl. Odo: 48,976 miles. 340-ci V8, 4-bbl, 4-sp. Trunk fit wide in front, other panel fit to factory specs. Very nice original interior, new top, side glass scratched. Claimed to be one of just 66 built in this configuration, highly optioned with power 64 Sports Car Market

Page 64

Barrett-Jackson Scottsdale, AZ a resto-mod with a later 360-ci engine. Despite a pretty significant downturn in muscle prices and the fact that this had been customized, it still brought respectable money, so the seller should be pleased. #85-1986 CADILLAC BROUGHAM Presidential Movie limousine. S/N top, hood pins, painted mirrors, trunk rack, dual exhaust, bucket seats, and Challenger performance package. Decoded by Govier. Cond: 2. SOLD AT $82,500. A limited number of 340-ci 4-speed Challengers are left, and this one had lots of options and a great color combo. The seller should be very pleased with this result. #1319-1970 FORD MUSTANG Boss 429 fastback. S/N 0F02Z110428. Grabber Blue/ black vinyl. Odo: 27,984 miles. 429-ci V8, 4-bbl, 4-sp. Great paint and chrome, all gaps align better than factory. Fully detailed top to bottom to original specs. Photo-documented ci V8, 4-bbl, auto. New chrome and paint, no dents in side trim. Optioned with a/c. Color called Medium Green on trim tag, but seats and steering wheel are more of a dead grass green. Clean engine, bed, and undercarriage. Cond: 2. SOLD AT $19,800. Lots of dead bugs on the windshield suggested that this was a nice driver. A good price, but considering the quality of the work done, it was still a fair deal for both parties. #941-1971 CHEVROLET CORVETTE LT-1 coupe. S/N 194371S117844. Mulsanne Blue/black vinyl. Odo: 43,669 miles. 350-ci 330-hp V8, 4-bbl, 4-sp. Frame-off restoration of a numbers-matching car in 2007. Power steering, AM/FM radio. Excellent paint, good panel fit, very nice interior, clean and correct 1G6D769Y6G9727387. Black/black vinyl/blue cloth. Odo: 7,698 miles. High-top Presidential limo with large rear passenger area featuring TV, audio, and sunroof. No visible engine or safety enhancements except floor pans. Dual batteries and air shock pump. Hess & Eisenhardt Armoring Co. tag under hood, glass to a standard thickness. Sticker on radiator reads “Campaign completion 88CO3 DLR code 22258.” Cond: 2-. SOLD AT $41,800. Part of the GM Collection, offered with scrap title. Very low miles with heavy wear on interior suggests long meetings without moving. Used by Norman Schwarzkopf and also in “The American President” and “In The Line of Fire.” Great for further movie roles or just to impress the neighbors. Well sold. restoration. As-new in all respects. Cond: 1. SOLD AT $209,000. The most impressive engine compartment of all production Mustangs, and at 375 hp, it was underrated by the factory. This car featured a solid restoration by a Mustang expert, and the price paid was fair for both buyer and seller. #1569-1970 OLDSMOBILE CUTLASS SX 2-dr hard top. S/N 342570M104746. Yellow/black vinyl/black vinyl. Odo: 697 miles. 455-ci V8, 2-bbl, auto. Paint chip on left door, both door gaps very wide at front. Interior and engine look as a 697-mile car should, even underhood. Fitted with Rally wheels. Cond: 1-. SOLD AT $51,700. The only LT-1 for sale at the auction, and its excellent condition helped it to bring top dollar. It's hard to overstress the value of having a chatty and informed owner by the car. In this case he was a retired GM worker, knowledgeable and friendly, and you can see the result. Well bought and sold. #641-1971 PLYMOUTH DUSTER 2-dr though this looks to be a partial restoration. From the GM Collection. Cond: 2+. SOLD AT $42,900. The Cutlass SX was marketed as a high performance package that included the 455 engine and a two-barrel carb for better mileage. This one was well sold at dangerously near 442 pricing. #341.1-1971 CHEVROLET C10 Custom pickup. S/N CE141S646177. Medium Green & white/green vinyl. Odo: 19,082 miles. 350- 66 hard top. S/N VL29G1B454758. Sassy Grass & black/black vinyl. Odo: 78,497 miles. 360ci V8, 4-bbl, auto. New paint and interior soft parts. Wide gaps at doors, some age on exterior bright trim, interior trim pitted. Interior changed from bench seat to buckets. Well detailed engine with new wiring. Chassis undercoated, side glass scratched. Cond: 2. SOLD AT $19,800. A fairly rare “Twister” model built as with stock examples ripping off mid-13-second quarter-mile times. The GNX package added $10,995 to the MSRP, and all of the production sold immediately. The limited production run doomed most to storage and speculation rather than driving. There are other GNXs this nice, but none are bargains, and this was a new record price. #96-1989 CHEVROLET CORVETTE ZR-1 coupe. S/N 1G1YZ21J3K5800074. Purple/black leather. Odo: 21,610 miles. 350ci 375-hp fuel-injected V8, 6-sp. One of 83 pre-production ZR-1s built and never released for public sale. Used for press events and auto shows. Paint shows light use, usual bolster and Sports Car Market #1562-1987 BUICK GNX coupe. S/N 1G4GJ1173HP452343. Black/black cloth. Odo: 268 miles. Original miles, as-delivered condition throughout. Number 475 of 547 built. Complete with original window sticker, ASC/McLaren letter, and GNX jacket. Cond: 1-. SOLD AT $94,600. This was the fastest American production car available in 1987,

Page 66

Barrett-Jackson Scottsdale, AZ factory trim, some visible age and wear issues. Overall looks like 730-miles car. Cond: 2. SOLD AT $150,700. Special 6-digit VIN. A GM Collection test bed for their active suspension technology. Fitted with rare components and screams pre-production everywhere... and you'd better make friends with the GM engineers who built it, as fixing it could be tricky. Sold on bill of sale. #91-1990 CHEVROLET CORVETTE seat wear for miles indicated. Cond: 2. SOLD AT $110,000. A rare collector Corvette from GM Heritage. The purple color didn't work for me, but it really doesn't matter here, as this was rare with a capital R. #396.1-1989 CHEVROLET CORVETTE ZR-1 Snake Skinner coupe. S/N 1G1YZ21J0K580081. White/black cloth. Odo: 44,036 miles. 350-ci 475-hp fuel-injected V8, 6-sp. Numerous cracks in body panels and rear bumper. No hood prop for wavy lightweight hood. Special GS-C high-output Mercury Marine LT5 black engine, worn Goodyear ZR tires. Lift-off rear window with Dzus fasteners. Pre-production number 81 of 83. A special exercise in “How light can we build it?” ZR-1 coupe. S/N 1G1YZ23J2L5801103. Red/tan leather. Odo: 2,846 miles. 350-ci 375-hp fuel-injected V8, 6-sp. Some light dirt would make this a 1997 rather than 1998, as in the catalog. Also sold with an “EX” in the VIN for experimental. Rumor has it that there may be internal parts missing on this unit, so think twice about adding seats and going for a spin. Of course if you want to do that, you can buy a complete car for less than this. #95-2004 CHEVROLET KAPPA chassis. S/N 0000T758. Silver/black leather. Factory display “Kappa” Chassis with Ecotec VVT engine and 5-speed manual. VIN sticker on inside of windshield. Part of the GM Collection, comes without a stamped VIN number and and wear visible on seats. Overall appearance matches miles indicated. Comes with original “pizza box.” Cond: 1-. SOLD AT $66,000. A first-year ZR-1 in excellent overall condition. Said to be one owner... I wonder what he had to pay in 1990 dollars? Well sold. #1346-1996 VECTOR M-12 coupe. S/N 1V9MB1228T1048005. Purple/black leather. Odo: 6,388 miles. Paint chips, scratches, and cracks in front end. Fitted with 485-hp Lamborghini V12 engine, OZ wheels, and From the GM Collection, sold on a scrap title. Cond: 3+. SOLD AT $176,000. A lightweight Corvette with non-functional headlights and other special pre-production ZR-1 features. Built when money was no object for GM and going fast was the goal. I thought it looked a bit ragged, so I got in a couple of bids in the vain hope of sneaking it into my garage. Everybody in Arizona must have been thinking the same thing, as the price quickly shot to this level. Expensive, but likely worth it to a serious Corvette collector. #82-1990 CHEVROLET CORVETTE ZR-1 Active Suspension Prototype coupe. S/N EX5881. Black/black leather. Odo: 730 miles. 350-ci 375-hp fuel-injected V8, 6-sp. “Active Suspension” prototype. No hood lift rod, lots of extra underhood plumbing. Special is sold without MSO. Cond: 1. SOLD AT $17,600. Designed in a 27-month period with hydroformed chassis rails and near 50/50 weight distribution. This is the chassis under the Pontiac Solstice and Saturn Sky. Put on a body, install an interior, and try Alabama for a title... or just drive around your estate. Well sold. #1320-2008 CHEVROLET CORVETTE coupe. S/N 1G1YY26W285103020. Red/black leather. 427-ci 750-hp turbocharged V8, 6-sp. Lingenfelter Commemorative Edition C6. Z51 package, Lingenfelter brakes, Corsa 304 stainless exhaust, three-piece mags, heavy-duty clutch. Custom hood and front and rear spoilers. One of 25 total, one of twelve made in 2008. newer tires. Mileage claimed original. Number five of fourteen built. Cond: 2. SOLD AT $94,600. This car was claimed to be the only one in purple. Should that make it worth more? Still, this was a supercar you won't see everyday, and as such, I'd call this reasonable. #1301.1-1998 CHEVROLET CORVETTE C5 Display Chassis. S/N 1G1YY22G2V50009EX. Aluminum. GM Corvette display chassis for the C5 shows the chassis and engine layout with no body parts. Includes platform with stainless etched plate drawings of floor and body attachments. Cond: 1. SOLD AT $35,200. The “V” in the VIN Three-year/36,000-mile warranty. As-new. Cond: 1. SOLD AT $104,500. Handsome and scary. When you live in Nevada and a 505-hp Z06 isn't fast enough for you, you have options. Why not enter the Silver State Classic and try to break Chuck Shafer and Gary Bockman's 207.78-mph record for the 90-mile, 25-minute race? Pure madness and rather well bought, as this model cost $140,000-plus and 2008 was the last year. ♦ 68 Sports Car Market

Page 68

Gooding & Company Scottsdale, AZ The Scottsdale Auction Gooding scored seven cars over $1m, including the top sale of the week at $4.95m. It was also the only company with results up from 2008 Company Gooding & Company Date January 17, 2009 Location Scottsdale, Arizona Auctioneer Charlie Ross Automotive lots sold / offered 84/101 Sales rate 83% Sales total $32,442,950 High sale 1937 Talbot-Lago teardrop coupe brought $3.5m from the phones Report and photos by Donald Osborne Market opinions in italics G ooding & Company's Scottsdale sale dispelled any doubts that the world financial cloud would descend on the collector car market—at least at this venue, on this day. When the sums were totaled, many of the 2008 event's numbers had been exceeded: a 54% increase in dollar volume, more than $11m higher on a 41% increase in lots offered (101 vs. 71), as well as a higher average sale by 17%. This year as last, Gooding managed to move seven cars for $1m or more, including the week's highest sale of $4.95m. Only an 83% sale rate compared unfavorably with last year's 90%. Gooding credited consignors with realistic reserves and estimates, adjusting expectations in the months leading up to the sale and even on the day itself. Gooding's auctioneer, Charlie Ross, held forth with David Gooding at his side for color commentary as well as dashes to the phone bank to personally intervene with remote bidders. The Ferrari Cal Spyder and the Talbot-Lago T150C SS delivered the top two prices in the sale, $4,950,000 and $3,520,000, respectively. In another sign of the times, both high sales were in unrestored condition. The Ferrari came from the signature collection of the auction, that of the late Ron VanKregten. Sold at no reserve, his cars ranged from a 1909 Sears Motor Buggy ($17,600) and a 1953 Allard J2X ($258,500) to a 1929 Model A Pickup ($16,500) and a Ferrari 250 PF Cabriolet ($385,000). None had been driven in years they were best described as “used, then parked.” The star Cal Spyder, the most desirable short wheelbase, covered-headlight variant, drew seven phone 70 1960 Ferrari 250 GT SWB California Spyder, sold at $4,950,000 Buyer's premium 10%, included in sold prices bidders. The third bid brought it up to $3.5m, and at $4.1m two bidders in the room joined six on the phones. It was hammered down to a bidder in the room at $4.5m plus commission. The other prime attraction, the Talbot teardrop coupe, brought an opening bid of $1m. Gooding and Ross tag-teamed the bidders until it sold to the phones. The actress who forgot her lines was the 1960 Ferrari 250 GT SWB Competizione. An ex-NART 1960 LeMans entry, it received a dramatic start to the bidding, when auctioneer Ross called for an opening bid of $2m only to have a bidder shout out, “Four million!” In three more bids it was at $4.2m, only to stall, unsold, at $4.4m. (Rumor in the tent was that the owner wanted $5m “in his pocket”—ED.) Two other notable no-sales were also competition cars, an MG B and Fiat 8V. A strong $1.3m came for a 420-mile Ferrari Enzo (profiled on p. 38), and a one-off 1937 Bentley 4¼ Liter coupe with a low-roof body by Vesters & Neirinck made $1.3m. Remarkably original, it was also painfully beautiful—and I mean that literally, as I sliced my forehead open on its drip rail during the preview. Good buys included the rough '57 300SL roadster from the VanKregten collection, which sold at $242k. Add a $300k Paul Russell restoration and you're still not underwater—although I understand that my opinion is not shared by Alex Finigan, whose analysis appears on p. 46. Others were a one-off post-war rebodied Bugatti T57, good value at $396k, a beautifully restored Arnolt-Bristol Deluxe for $135k, and a stunning Jaguar XK 150S roadster, which stalled on the block at $120k and was later sold at $121k. Practically everyone was fascinated by a 1960 Cadillac four-door hard top station wagon, which ran smoothly from $20k to a $66k sale. Power for dollars prize went to the 1998 Callaway C12 Corvette, the first built, which a new owner took home for $57,200—a fraction of its original MSRP. ♦ Sales Totals $5m $10m $15m $20m $25m $30m $35m 2009 2008 Sports Car Market

Page 70

Gooding & Company Scottsdale, AZ ENGLISH #27-1912 ROLLS-ROYCE 40/50hp Silver Ghost tourer. S/N 2092. Eng. # 101X. Dark green/tan canvas/olive leather. RHD. Superb panel fit, paint, and brass trim. Excellent interior extensive rust. Interior shows moderate wear, but front seat is soiled. Cond: 4+. NOT SOLD AT $220,000. A stunning, elegant, and sporty Phantom II. A handsome tourer as it sat, hence the modern seat belts fitted, but it would also be a good candidate for restoration. It could have been cut loose, but it's probably worth a bit more. #30-1934 ROLLS-ROYCE PHANTOM II Continental drophead coupe. S/N 82PY. Eng. # XO55. Midnight Blue/beige canvas/brown leather. RHD. Odo: 1,200 miles. Coachwork by Gurney Nutting. Very good panel fit. Nice paint shows signs of use, including a few small chips, touch-ins, and polish scratches. is as-new. Period-correct Mulliner body. Cond: 1. SOLD AT $797,500. Ex-Alec Ullmann and Douglas Magee Jr. An extensively toured Ghost, now freshened to show condition. Very well bought at the price paid. TOP 10 No. 3 #39-1932 DAIMLER 40/50 Double Six sport saloon. S/N 32382. Eng. # 55628. Black/Aubergine wool. RHD. Odo: 58,199 miles. Coachwork by Martin Walter. Hood fit excellent, all four doors slightly out at front bottom edge. Excellent paint shows Very good bright trim, except for some small bruises on radiator shell. Interior appears fresh, with excellent wood trim. Some fading on control binnacle lettering. Cond: 2-. SOLD AT $440,000. Rare Owen Sedanca three-position drophead coupe, painted in a great purplishdeep blue finish. It had plenty of presence and would be a fabulous tourer or club show car. Well bought. TOP 10 No. 5 only a few polish scratches. Superb chrome, perfect interior shows only the barest traces of use. Cond: 1. SOLD AT $2,970,000. 1999 Pebble Beach Concours Best in Show, and still remarkable. It's hard to describe the presence of this car; it's massive and a bit evil. Wonderful. Was the price right? Of course—find another. See profile, p. 42. #52-1933 ROLLS-ROYCE PHANTOM II tourer. S/N 110MY. Eng. # JC75. Dark green/ beige canvas/beige leather. RHD. Odo: 3,191 miles. Coachwork by Hooper & Co. Good panel fit, older paint is presentable but shows some areas of spider cracking, microblistering, touched-in chips, and polish scratches. Most bright trim is good to very good, with some light pitting in places. Exhaust tip shows and a few dings. Interior has great patina, nicely worn but not tatty. Wood surfaces surprisingly nice, especially door caps. Cond: 3-. SOLD AT $1,320,000. This stunning low-roof Bentley took my breath away. The razor-sharp roof drip rail also sliced my forehead open during the preview. In spite of the fact that it tried to kill me, I still love it. In 2006, it was sold at RM's Monterey auction for $1.3m (SCM# 42545). Once again, not much if any appreciation, but no real loss either. Irreplaceable at any price. 72 Sports Car Market #62-1937 BENTLEY 4¼ LITER Fixed Head sport coupe. S/N B156KT. Eng. # E9BH. Black/tan leather. RHD. Odo: 35,102 miles. Coachwork by Vesters et Neirinck. Good panel fit, except right door slightly out at front edge. Very shiny paint is a mixture of original and older finish, showing some microblistering, stress cracking, and fading in spots. Chrome is fair to good, with light scratches, some fading, seats, dash panel, and wheel spokes. Very good carpets. Cond: 4+. SOLD AT $258,500. From the VanKregten Collection. Powered by a Caddy V8 with monstrous Quadrajet carb. The J2X is the model you most associate with the marque, and this one felt just right. Once recommissioned, it will be a delight to own. Market priced. #16-1959 JAGUAR XK 150S 3.4 roadster. S/N S830418DN. Eng. # VS10249. Sherwood Green/green canvas/medium green leather. Odo: 28,497 miles. Excellent panel fit. Very good paint shows some light polish scratches. Nice chrome to bumpers, trim, and wire wheels. #68-1953 ALLARD J2X roadster. S/N J2X3144. Eng. # 2350. Dark red/beige leather. Odo: 1,127 miles. 331-ci V8, 4-bbl, 3-sp. Variable panel fit, as per factory. Slightly dull older paint still shows well, bright trim needs a polish. Good interior with somewhat soiled Excellent interior with no visible wear. Cond: 1-. SOLD AT $121,000. A beautifully restored roadster with higher performance “S” equipment and wonderful colors throughout. Hard to fault. It stalled on the block at a $120k bid, but a deal was done before day's end to sell it. A great deal for the buyer at this price. #14-1960 AUSTIN-HEALEY 3000 Mk I BN7 roadster. S/N HBN7L13037. Eng. # 29DRUH24507. Black/black vinyl/red leather. Odo: 30,511 miles. Very good panel fit and paint, except for touch-up on top of left A-pillar

Page 72

Gooding & Company Scottsdale, AZ and small crack on left side of hood. Very good chrome, excellent interior. Cond: 1-. SOLD AT $99,000. A superbly executed restoration by specialist Kurt Tanner, just needing a bit of tidying to be perfect. Healey prices have been settled for a while now. A few years ago this could have brought $125k, but now this is just about top of the Healey market. Well bought and sold. #21-1962 MG B Lightweight Competition racer. S/N GHN3L112. Eng. # ADO231087. Light blue/black leather. Odo: 13,076 miles. Variable panel fit, as per build. Excellent paint, except for stress crack on left door and a few touched-in chips on hard top. Good chrome, steering wheel spokes and some flaws on door hardware. Cond: 3+. SOLD AT $61,600. A great deal of money seemed to have been spent on a recent restoration of this car, but the finish work looked as if it had been rushed. As a result, at no reserve, the money wasn't there. If it can be sorted with a minimum of hours back in the shop, then it was well bought. DUTCH some crazing and stress cracking in plexi headlight covers. Excellent interior, plumbedin fire suppression system. Cond: 2+. NOT SOLD AT $75,000. Ex-Sebring British Motors team car, entered by Kjell Qvale, prepared by Joe Huffaker, both autographs present. A well restored historic racer, but clearly not used in anger for some time. Last appeared at Russo and Steele's Monterey sale in '08 as a $105k no-sale (SCM# 117537). OK, so it's important, but apparently only to MG guys, who don't pay big for post-war cars. What now? #55-1962 JAGUAR XKE SI 3.8 convert- ible. S/N 877345. Eng. # R55349. Gray/black canvas/red leather. Odo: 18,921 miles. Somewhat variable panel fit. Excellent paint and chrome, very good engine compartment. on kick panels and sill trim. Cond: 2+. SOLD AT $148,500. A Dutch-built, Audi V8-powered “boutique supercar.” The company motto is “Nulla tenaci invia est via,” or “For the tenacious, no road is impassable.” Perhaps, but the road's sure expensive. With an MSRP of $325k, the car had lost 55% in three years, with the 1,600 miles covered costing a mere $127 each. A good deal for the buyer here, that's for sure. FRENCH #35-1935 VOISIN C25 Clairière Berline Well fitted interior shows slight soiling on metal console trim. Cond: 1-. SOLD AT $126,500. This car had received a $110k restoration in 2007, but it still needed a few final tweaks. A prime example of the adage “Buy the restoration, get the car free.” Well bought. #98-1966 JAGUAR XKE SI 4.2 coupe. S/N 1E32045. Eng. # 7E60099. Black/black leather. Odo: 90,887 miles. Somewhat variable panel fit, with doors very difficult to close. Very good paint, nice chrome with some subsurface imperfections in A-pillar trim. Well-fitted interior is let down only by slightly soiled 74 4-door sedan. S/N 50017. Eng. # M2550017. Black/brown leather. RHD. Odo: 13,852 km. Variable panel fit, but body is straight. Paint is scarred, blotched, and peeling, with much bare side detracts. Cond: 4. SOLD AT $3,520,000. Ex-Tommy Lee and Brooks Stevens. An example of the rarest of the teardrop designs, the “New York” variant. Largely untouched since a '70s repaint in the current red. The car was purchased by the seller at the Christie's Monterey sale in August '05 for $3.5m (SCM# 38879), and it sold here for the same amount. While it didn't make the seller any money, it was at least driven over 300 miles. Well bought. Sports Car Market #8-2006 SPYKER C8 spider. S/N XL9AA11G36Z363102. Dark metallic blue/ navy canvas/beige leather. Odo: 1,605 miles. Variable panel fit, presumably as per factory. Unmarked paint, very good bright trim, canvas top shows a few wear spots at fastening points. Very busy interior is clean, with some scuffing Former two-time Pebble Beach award winner. Cond: 1-. SOLD AT $396,000. A beautifully presented post-war rebody of a Fernandez & Darrin coupe, elegant and well balanced. One of my favorites in the sale. Without taking into account the strangely high estimate of $600k, this was well bought. TOP 10 No. 2 #23-1937 TALBOT-LAGO T150C SS Teardrop coupe. S/N 90105. Eng. # 85019. Red/red leather. RHD. Odo: 7,269 km. Generally good panel fit, but hood somewhat variable. Older paint is presentable, but shows some bubbling, a few dings, and some prep issues. Chrome shows wear, fading, and light scratches. Original interior has a lovely patina, but torn seat top backrest on right metal showing through. Chrome is mostly pitted and corroded, but all is there. Interior shows moderate patina, but no splits on seat panels, just loose stitching. Cond: 5+. SOLD AT $330,000. Barn-ish find of one of 28 C25 models. Returned to running condition, but not restored. Sold at Artcurial's Paris auction for $124,760 in February '06 (SCM# 41058), then again for $330k in August '07 at Gooding's Pebble Beach sale (SCM# 46547). Once again, here it has now sold for the same sum, and will someone please get it back on the road? Well bought. #18-1936 BUGATTI TYPE 57 Pillarless coupe. S/N 57397. Eng. # 276. Black/tan leather. RHD. Odo: 533 km. Coachwork by Paul Née. Very good panel fit, except right door slightly out at forward edge. Very good paint has a few small flaws. Nice chrome shows only tiny defects. Excellent interior.

Page 74

Gooding & Company Scottsdale, AZ GERMAN TOP 10 No. 8 #90-1938 MERCEDESBENZ 540K Sport cabriolet. S/N 232697. Eng. # 154099. Black/black canvas/beige leather. Odo: 35,153 km. One-off Erdmann and Rossi bodywork. Very good panel fit, nice paint shows light polish scratches and small areas of stress lifting. Very good chrome has some light scratches. Good interior with nicely broken-in seats, superb steering column. Correct underhood finishes to high driver standard. Euro headlights, chrome wheels. Cond: 2+. SOLD AT $368,500. A very good looking SL prepared to a very high driving standard. Sold at Russo and Steele's Monterey sale in August '05, then in 1- condition, for $330k (SCM# 39058). The fact that the owner got his money back on a car with an engine change indicates how far the 300SL market has moved forward. Well sold. mother-of-pearl instrument panel. Some lifting of varnish on dashboard wood, some light cracking on metal door caps. Cond: 2+. SOLD AT $946,000. Restored to a very high level in the '90s, then a prize winner at Pebble Beach, Amelia Island, and Meadow Brook. In spite of not being the sexiest 540K, it's still elegant and a bit threatening, as they should be. With little effort it could be a show winner again. A bit of a bargain. #96-1956 MERCEDES-BENZ 300SL Gullwing coupe. S/N 1980406500278. Eng. # 1989806500271. Ivory/red leather. Odo: 15,130 miles. Very good panel fit, well-done paint shows some settling issues and light polish scratches. Very good chrome, interior shows well, with a small rub on left door sill #46-1973 PORSCHE 911 Carrera RS 2.7 coupe. S/N 9113600029. Eng. # 6630038. Yellow/black leather. Odo: 7,295 km. Very good panel fit, excellent paint, unmarked bright trim aside from an area of loss on right door handle. Interior as-new except for some scratches and a nick on left door sill trim. Period Becker Europa radio. Cond: 1-. NOT SOLD AT $305,000. A very early production RS Touring model. Stated to have been fully restored nine years ago, and still stunning both inside and out. It attracted great attention during the preview from every Porschephile present. The estimates were strong, but not overly so, and I can understand why the owner held on. leather trim and some soiling on left door headliner. Cond: 2-. SOLD AT $550,000. A wellpresented Gullwing that had been restored in the '80s and had nicely mellowed. This car sold for $236,501 at RM's Monterey sale in August '03, rated then as a 1- with 15,112 km on the clock (SCM# 36087). It's a sin that it's only apparently covered 18 km since, but it has proven to be a pretty good investment. Market correct. #20-1961 MERCEDES-BENZ 300SL roadster. S/N 19804210002707. Eng. # 19898010002534. Dark red/beige canvas/beige leather. Odo: 33,740 miles. Very good panel fit, except left door slightly out at rear bottom edge. Excellent paint shows light polish scratches. Excellent chrome, well-fitted interior is let down by worn signal switch housing on 76 has stiff seats with deep creasing and perished foam, some in-painting on console. With factory hard top. Cond: 4-. SOLD AT $4,950,000. From the VanKregten Collection. The most desirable California Spyder, in SWB configuration with covered headlights. Not quite a time capsule worth preserving, but a superb base for a resto- Sports Car Market ITALIAN TOP 10 No. 7 #43-1933 ISOTTA FRASCHINI 8A Dual Cowl sports tourer. S/N 1664. Eng. # 1664. Aubergine, Plum & black/ beige canvas/tan leather. RHD. Coachwork by Castagna. Excellent panel fit, superb paint shows some wear on driver's seat side bolster. Marchal headlights. Cond: 2-. NOT SOLD AT $750,000. A fabulous flat-roof Zagato 8V with good period racing history, including the Mille Miglia. Ford engined for a time, now reunited with its original lump. Well restored, sorted and run, the way it should be. At first I thought it was ambitiously estimated and reserved, but now on reflection, it should be worth $100k more than the high bid. TOP 10 No. 1 #78-1960 FERRARI 250 GT SWB California spyder. S/N 1963GT. Eng. # 1963GT. Red/black canvas/black leather. Odo: 69,560 km. Excellent door fit, hood and trunk lid off. Casual older paint is shiny but shows stress cracks, touched-in chips, and bubbling. Right side rear panel under trunk lid poorly profiled. Chrome is fair, with front bumper present but unmounted. Original interior shows light polish scratches. Very nice chrome shows a few minor flaws under plating, wellfitted interior has an excellent dash panel but somewhat soiled seats. Restored in 1981. Cond: 1-. SOLD AT $1,089,000. Ex-Joe Penner, Matt Browning, and Otis Chandler, featured in several Hollywood films. A delightfully flamboyant Isotta, with unusual two-door dual cowl body. Wonderfully wacky and very nicely done, and a good buy at just over the low estimate. #44-1954 FIAT 8V coupe. S/N 106000061. Eng. # 000112. Red/black leather. Odo: 2,129 km. Excellent door fit, hood gaps a bit wide. Very good paint shows some small flaws around hood opening, some minor bubbling on right side character line. Plexi windshield has some scratches, bright trim shows some minor pitting. Very well done interior now

Page 76

Gooding & Company Scottsdale, AZ ration. Sold at exactly the price we all thought it would (and should). #85-1960 FERRARI 250 GT SWB Alloy Competizione coupe. S/N 1759GT. Eng. # 1759GT. Red/black leather. Odo: 72,468 km. Excellent panel fit. Very good paint, unmarked and even bright trim. Some discoloration of plexi rear window. Excellent interior is still fresh. Full roll cage with side bars fitted. Cond: 1-. NOT SOLD AT $4,400,000. NART entry, of paint. Cond: 1-. SOLD AT $704,000. A very well restored Lusso in great colors. Brought a correct market price. Well sold and bought. #33-1965 ALFA ROMEO GIULIA TZ- 7th overall at Le Mans in 1960. Extensively vintage raced over the last 34 years. Restored five years ago, and raced, shown, and maintained at a high level since. Hard to fault. Based on previous sales of SWBs, one would have thought that $4.5m would be a good number, but this was a great car, and the owner felt otherwise. #81-1961 FERRARI 250 GT Series II cabriolet. S/N 3093GT. Eng. # 3093GT. Red/ brown leather. Odo: 80,005 km. Door and trunk fit superb, hood fit a bit off. Shiny paint shows polish scratches and a few small cracks on character line seam. Fair to good chrome throughout the exterior. Original seats show deep creases but no tears, carpets appear somewhat recent. 1 coupe. S/N 750105. Eng. # 0051100103. Red/black leather. Odo: 26,147 km. Very good panel fit, except doors both slightly out at rear edge. Very good paint with a slight dent in right fender panel near door and touched-in chip on left A-pillar. Good bright trim, some dimples in front grille trim. Very good interior shows surprised the owner held onto this one at the high bid. #2-1967 MASERATI GHIBLI coupe. S/N 1154732. Eng. # 1154732. Yellow/black leather. Odo: 39,888 miles. Somewhat variable panel fit. Recent paint is mostly good but shows issues in left roof crease and drip rail. Chrome is good to fair, with some dents, nicks, scratches, and fading. Interior clean, wood rim wheel splitting and seam on driver's seat cushion worn. Cond: 3-. SOLD AT $77,000. The Ghibli coupe is a 1960s design icon, even in yellow. This one appeared to have been recently fluffed. I, along with others, have touted '60s Masers as cars to watch, and I still feel that they are... just not this one. Appropriately sold. #17-1973 FERRARI 365 GTB/4 Daytona coupe. S/N 16953. Eng. # B2380. White/black & red leather. Odo: 52,935 miles. Panel gaps somewhat variable, but body is straight. Very good paint has a few minor prep issues. Nice chrome, very good interior fitted with period Becker Mexico cassette. Originally painted some wear on driver's seat side panel, excellent dashboard. Fitted with Goodyear Blue Streak racing tires. Cond: 2-. SOLD AT $440,000. A fully-sorted TZ with documented history from new. It was restored to a high cosmetic level nine years ago and had some minor modifications made to increase performance, and it still presented very well. Bought by an SCMer, and at the price paid, it was a very good value. #12-1966 BIZZARRINI 5300 GT Strada Alloy coupe. S/N 1A30253. Silver/black leather. Odo: 10,650 km. 327-ci V8, 4-bbl, 4sp. Good panel fit. Paint presentable but shows small areas of bubbling. Good to very good chrome, excellent wheels. Very good interior Bright trim shows pitting, casual radio blanking plate fitted. Unrestored hard top included, no soft top or frame visible. Cond: 4+. SOLD AT $385,000. From the VanKregten Collection. An older refurbishment and color change on a very straight and honest car. Please, will the new owner immediately strip the indifferent red paint and restore the original silver? Well sold, but not badly bought either. #37-1963 FERRARI 250 GTL Lusso coupe. S/N 5215GT. Eng. # 5215GT. Dark red/beige leather. Excellent panel fit and paint. Very good chrome shows two tiny dimples in right rear bumper. Interior appears unused, except for some chips on steering column paint. Top white stripe on nose badge has some loss 78 gold, then red, now white. Cond: 2-. SOLD AT $286,000. A lovely Daytona, surprising in white, but it works. Originally U.S. delivered, full history from new. Sold to Japan at the Tokyo Auction in March '92, freshly restored in red, for $300k (SCM# 14999). Many Ferraris failed to excite buyers in Arizona this year for a variety of reasons—the color could have been the culprit here. Very well bought, in my opinion. #4-1985 FERRARI 288 GTO coupe. S/N with soiled steering wheel spokes, interesting contrasting brown suede dashboard top. Cond: 3-. NOT SOLD AT $360,000. A rare, all-alloy Strada, or “touring” version, of the 5300 GT. Italo-American hybrids have come way up in the world, and Mr. Bizzarrini's alloy cars are the top of the heap. None have sold in the past several years for less than $500k, so I'm not ZFFPA16B00005643. Red/black leather. Odo: 16,882 miles. Good panel fit, as per factory. Paint appears largely original and in good condition. Front spoiler shows some curb damage at bottom edge. Wheels good, but a bit soiled. Interior clean, with some wear on driver's seat side bolster and several scuffs on left door panel. Denon cassette radio fitted. Cond: 3. SOLD AT $616,000. The last Ferrari “supercar” built during Enzo's watch, and as such, interest has steadily been rising. This was a good driving example, as it was both used and Sports Car Market

Page 78

Gooding & Company Scottsdale, AZ later (SCM# 38903). The tune-up needed for it to have made the $1m estimate price would not have cost much. Well bought. AMERICAN #34-1929 DUESENBERG MODEL J eminently usable. We'll see if the price can be repeated—for now, it's well sold. TOP 10 No. 6 #61-2003 FERRARI ENZO coupe. S/N ZFFCW56A730128797. Red/black & red leather. Odo: 305 miles. As-new, with only a very few touched-in chips noted. Interior as-new, except for some wear on left seat bolster. Cond: 1-. SOLD AT $1,265,000. Only Clear Vision 4-dr sedan. S/N 2209. Eng. # J187. Dark blue/dark blue leather. Odo: 33,865 miles. Coachwork by Murphy. Very good panel fit, superb paint shows only minor detail issues, excellent chrome. A rub on driver's seat and slight rubs on metal dash panel are the only flaws visible in an otherwise perfect interior. Cond: 2+. SOLD AT $836,000. One of five by Bohman & Schwartz. Very good panel fit, except right front door out at forward edge. Very good paint has light polish scratches, chrome unmarked. Interior is also very good and shows normal wear. Cond: 2+. NOT SOLD AT $1,000,000. A high level restoration that's now mellowed a bit. This big 4-door was quite striking in red—perhaps a bit too striking, which may have held down bidding. If you could live with it, it might not be bad, but it's a bit too fresh to justify a re-do. #75-1932 CADILLAC 452B V16 town 300 miles on the last-generation Ferrari supercar. I think it's time someone used it, please. RM sold two Enzos at its Maranello event in May '08, including a one-off silver example at $1.3m (SCM# 116736) and a red '03 with more miles at $1.2m (SCM# 116798). Even though this was over the high estimate of $1.2m, it wasn't outside the realm of market pricing. See profile, p. 38. SPANISH TOP 10 No. 10 #47-1936 HISPANO-SUIZA J12 convertible victoria. S/N 13033A. Eng. # 32113. Black & silver/black canvas/saddle leather. RHD. Odo: 38,221 km. Uneven panel fit. Generally good paint shows evidence of blow-in on both sills, chrome unmarked throughout. Good interior, although seat hides don't seem to be of the best quality and gauge trim and steering wheel are both Clear Vision sedans, ex-R.S. Pruitt and Joe Folladori. Modern, clean, elegant—the equal in style of any top '30s luxury car. Last seen in March '06 at the RM Amelia Island sale, where it sold at $693,000 (SCM# 41021). Rated at that time also as a 2+, it has traveled only 14 miles since. Well bought and reasonably sold. TOP 10 No. 4 #9-1929 DUESENBERG MODEL J Dual Cowl phaeton. S/N 2149. Eng. # J126. Brown, beige & black/beige canvas/brown leather. Odo: 31,886 miles. Coachwork by LeBaron. Excellent panel fit. Very good older paint, with some random stress cracking, a chip or two, and some polish burns. Good chrome shows some flaws under plating and light scratching. Interior is clean, with some Chrome fair, with light pitting, scratches, dings, and small areas of loss. Interior is remarkably good, with minimal moth damage and no musty smell. Wood trim is a bit dull but complete. Cond: 5. SOLD AT $77,000. From the VanKregten Collection. An older restoration rather than a preserved original, but not very messed-with, either. A rare car deserving of a thorough renewal. Well bought. #6-1935 AUBURN 851 Boattail speedster. dull. Wood on dashboard good, some fading on door caps. Cond: 3. SOLD AT $880,000. A rather Teutonic-looking Hispano, but it lacks the grace of a Mercedes 540, and although its older restoration was presentable, it's no longer ready for its close-up. Sold at Gooding's Pebble Beach in August '05 for the exact same $880k, 660 km 80 surface cracking on front seat backrest and scratches on dash metal trim. AACA National First in 1970. Cond: 3-. SOLD AT $1,375,000. Older restoration in very '70s colors. Usable for tours as-is, but in need of a total re-do for shows. It sold in March '07 at the RM Amelia sale as a 3+ for $1.5m (SCM# 44636), and seven miles and a year and a half later, it sold here at a loss. A shame. The buyer got a good deal, now please enjoy the car this time. #58-1931 DUESENBERG MODEL J con- vertible sedan. S/N 2479. Eng. # J464. Red & black/black canvas/beige leather. Odo: 61,289 miles. Coachwork by Rollston, later updated Sports Car Market S/N 33206E. Eng. # 993984. Auburn Yellow/red leather. Odo: 4,140 miles. Somewhat variable panel fit. Older paint is good, with some areas of touch-up and overspray. Very good chrome, except for some waviness on rear fender guard trim. Clean interior has nicely broken-in seat, some small chips on steering wheel, and added sedan. S/N 1400041. Black/gray wool. Odo: 75,949 miles. Very good panel fit. Paint thick, dull and faded, with bubbling on door bottoms.

Page 80

Gooding & Company Scottsdale, AZ Stewart Warner water temp gauge under dash. AACA Senior National First in 1981. Cond: 3-. SOLD AT $264,000. An iconic Auburn with an older restoration that's still presentable throughout. It will be a much better car with a bit of tightening up, but even so, it was well bought by an SCMer at low estimate money. #25-1948 CHRYSLER TOWN & COUNTRY convertible. S/N 7405374. Catalina Tan/taupe canvas/red leather & taupe cord. Odo: 58,426 miles. Somewhat variable panel fit, with both doors out at rear edge. Very good paint, awkward transition to wood Roman Red & white/white vinyl/black vinyl. Odo: 1,362 miles. 283-ci 230-hp V8, 4-bbl, auto. Quite variable panel fit, good paint shows light polish scratches. Chrome decent, with some light pitting on door A-pillar trim. Interior good, with some waviness in seat piping. Cond: 3-. SOLD AT $57,200. The uneven presentation of this car indicated either an indifferent restoration or a nicely used driver. In either case, a market-correct price was paid for this no-reserve car. #31-1966 SHELBY GT350 fastback. S/N SFM6S1123. Red & white/black vinyl. Odo: 22,565 miles. 289-ci V8, 4-bbl, 4-sp. Variable panel fit, mostly as per factory. Good paint shows a number of prep flaws. Very good to of the tub. Very well done, but at the end of the day, it's still not a real one... but it is a hell of a lot cheaper. Should be worth the low estimate of $250k, which would have basically been the high bid plus vig. #42-1970 PLYMOUTH 'CUDA Hemi 2- dr hard top. S/N BS23ROB236224. Eng. # MN426F. Rallye Red/black vinyl. Odo: 43,841 miles. 426-ci V8, 2x4-bbl, 4-sp. Good factoryspec panel fit. Very good paint and Elastomeric bumpers, unmarked chrome, some fit issues trim. Nice wood is freshly varnished, Excellent chrome shows only minute flaws on taillights. Very good interior with some minor issues in door bright trim. Cond: 2-. SOLD AT $125,000. Last year for full-wood trim on the T&C. Not done in the most exciting color combination, but well done nonetheless. A bit of a bargain. #41-1954 NASH METROPOLITAN coupe. S/N 1412. Teal & white/white vinyl & teal cloth. Odo: 52,298 miles. Good panel fit, nice chrome, thick paint has overspray on window rubbers. Interior panels somewhat soiled, good chrome, with some light scratches and light pitting and fading in spots. Generally good interior is let down by some small details. Cond: 3+. SOLD AT $101,750. Great looking from a distance, but the details just don't add up. At a price near the low estimate, this can be considered well sold. #5-1967 CHEVROLET CORVETTE convertible. S/N 194677S117456. Marlboro Maroon & black/black vinyl/black vinyl. Odo: 71,987 miles. 427-ci 435-hp V8, 3x2-bbl, 4sp. Somewhat variable panel fit. Good paint shows a few touched-up chips and light polish scratches. Hood stripe application atypical at headlight trim. Clean interior has a soiled wheel rim and dull dash “wood” trim. Govier documented. Cond: 3+. SOLD AT $150,000. A nice real Hemi coupe in good condition, but not ready to be shown. This was a strong price to pay in the current market for an average car. Well sold and clearly off last year's numbers. #91-1998 CHEVROLET CORVETTE Callaway C12 coupe. S/N chrome knobs pitted, carpets casually fitted at edges. Very racy Talbot-style fender mirrors fitted. Cond: 4+. SOLD AT $19,800. One of the delightful triumphs of style over substance. Terminally cute, these have a loyal following. This example was not great, but it sold for the price of one that was. Well sold. #1-1961 CHEVROLET CORVETTE convertible. S/N 10867S105619. Eng. # 1105619. 1G1YY22GXW5121169. Red/black & gray leather. Odo: 4,501 miles. 5.7-liter 440-hp fuel-injected LS1 V8, 6-sp. Variable, but consistent, panel fit. Very good paint shows only very small stone chips on nose. Interior is very good, with some light soiling on driver's seat cushion. Cond: 2+. SOLD AT $57,200. The of factory production. Chrome good, with some fading and scratches in areas. Interior presents well. Fitted with power steering and power windows. Tank sticker verifies options. Cond: 3. SOLD AT $137,500. A very desirable C2 convertible in good colors. An honest “of a piece” car with matching numbers that is ready to enjoy. The low estimate price paid was right on the market. #48-1967 FORD GT40 Mk IIB Replica coupe. S/N P1047B. Red & black/black nylon. RHD. 427-ci V8, 4-bbl, 4-sp. Variable panel fit. Very good paint shows light polish scratches, Plexi windows lightly marked. Clean interior shows normal signs of use. Clean engine compartment. Cond: 2-. NOT SOLD AT $220,000. Re-creation of a Mk II built mostly from original N.O.S. GT40 components, including most 82 first Callaway C12 built—a thoroughly developed high performance Corvette with a unique look. Seen before at Gooding's sale of the Otis Chandler Collection in Oxnard, CA, in October '06, where it sold at a bargain $121k with only 782 miles on the clock (SCM# 43482). Now with over 4k miles, it was a further bargain for the new owner. Performance and exclusivity don't come much cheaper... until the next sale. ♦ Sports Car Market

Page 82

RM Auctions Phoenix, AZ Automobiles of Arizona The 1937 Bugatti Atalante coupe, the 1963 Corvette Grand Sport, and the 1958 Ferrari 250 GT TdF would have added $11m to the $18m sales total Company RM Auctions Date January 16, 2009 Location Phoenix, Arizona Auctioneer Peter Bainbridge Automotive lots sold / offered 106/127 Sales rate 83% Sales total $18,211,025 High sale 1967 Ferrari 275 GTB/4 coupe, sold at $918,500 Buyer's premium 10%, included in sold prices Several high-profile cars failed to meet reserve, including this Gullwing, not sold at $500k Report and photos by Carl Bomstead Market opinions in italics 1937 Bugatti Type 57SC Atalante coupe at $4.5m, the 1963 Chevrolet Corvette Grand Sport at $4.9m, and the 1958 Ferrari 250 GT Tour de France at $1.8m were all nosales, and if we add their total—a touch over $11m—to the $18m that did sell, we are looking at a sum that would have compared favorably with the Gooding results. RM offered 27 cars, all at no-reserve, from the Dr. I Barbara Mae Atwood Collection. She was a remarkable woman. A practicing psychologist in Illinois, she was also a classically beautiful woman who never married and even had a brief career as a model for Vogue. She favored Full Classics, but unique marques such as Stanley and Graham-Paige also were part of her collection. She was intensely private and few had the opportunity to view her entire collection. Her cars won countless awards, and even though they had not been exercised in years, they realized exceptionally strong results. A friend bought her 1934 Buick Series 90 convertible coupe for $187k, and her 1935 Cadillac V16 Imperial t was oh so close. If only three of the 127 cars that RM offered had been cajoled from the no-sale column to the sold column, the results of RM's tenth Phoenix sale would have been entirely different. The convertible sedan realized an impressive $473k. Even in these difficult times, the market for big, open Full Classics is strong. A very attractive 1957 Pontiac Bonneville fuel-injected convertible that had been restored to high standard realized $138k, which would have to be called well bought. Loaded with all the goodies, it had the misfortune to cross the block after the final bid on the 1963 Corvette Grand Sport had been rejected. The room was silent for a bit and then buzzed with “…can you believe they turned down five million?” Peter Bainbridge did his best in getting things focused back on the Pontiac, but it went for a bit under the money. “Big Red,” one of four 8–cylinder Chrysler Town & Countrys thought to have survived, realized $330k, which was certainly a new high-water mark. After much hand wringing, Chrysler Town & Countrys built through 1948 are now accepted as Full Classics by the Classic Car Club of America, which usually results in a spike in value. Last year at the Arizona Biltmore, RM sold 88 cars for a total of $26,725,400, and the year prior 106 cars for $29,874,850. I am willing to bet RM's newly appointed president Ian Kelleher will have his crew working to reverse the trend at next year's auction. ♦ $5m $10m $15m $20m $25m $30m $35m Sales Totals 2009 2008 2007 2006 2005 84 Sports Car Market

Page 84

RM Auctions Phoenix, AZ ENGLISH #175-1914 ROLLS-ROYCE SILVER GHOST Boattail skiff. S/N 54PB. Eng. # 45J. Green & wood/black fabric/green leather. RHD. Coachwork by Shapiro-Schebera. The Silver Ghost was an engineering marvel and ran as quietly as a Lucas horn. No record of original body, skiff installed between 1919 and 1923. The only surviving skiff with documented at its Marshall, TX, sale in April '07 (SCM# 44899), and that car was not as nice as this example. Guides say the price paid here was about right, so the earlier sale must have been an out-of-body experience. Well bought, but the seller was looking for the underbidder from the Texas sale. FRENCH coachwork from the era. Paint over 50 years old but still presentable, original brightwork shows some age. Loaded with history, modeled by the Franklin Mint. Cond: 3. NOT SOLD AT $725,000. I would think the price bid here was light by a bunch. A Silver Ghost with many original components and a unique and attractive body that dates to the era should push the seven-figure mark. Not on this day. #129-1929 ROLLS-ROYCE PHANTOM I Ascot sport phaeton. S/N S364LR. Black/ black fabric/brown leather. Odo: 77,198 km. Coachwork by Brewster. A Springfield Rolls that was once owned by Dave Garroway. Older striking supercharged Type 57. Cond: 1-. NOT SOLD AT $4,500,000. The price bid here was hardly chump change, but compared to the $7.9m Gooding realized for the Williamson Type 57SC Atalante at Pebble in August of last year (SCM# 117573), it was off the mark by a bunch. Heavily promoted by RM, it was a surprise that it did not do closer to $6m. #132-1937 DELAGE D8-120 Aerosport restoration has been freshened up a bit. Good panel fit, brightwork just OK. Leather with nice patina, very nice wood dash. Fitted with Pilot Rays. A most attractive body style. Cond: 3. SOLD AT $330,000. This will have them talking at the next RROC meet. A handsome Rolls with an interesting history, and although it was not to show quality, it was still very presentable. Purchased at a fair price. #197-1953 ALLARD K3 roadster. S/N K33189. Eng. # CE551046. Green/tan leather. Odo: 272 miles. Only 62 Allard K3s were built, and 57 came to the U.S. They were shipped without engines, and most received Cadillac V8s. This example was fitted with a Chrysler Hemi. Complete restoration by RM in mid'90s and still very presentable aside from pitted window frames. LaCarra wheel. Far more civilized than earlier K2s. Cond: 2. SOLD AT $110,000. RM sold a K3 Allard for $211,750 86 coupe. S/N 50789. Eng. # 812041. Black/black pigskin. RHD. Odo: 1,894 km. Coachwork by Letourner et Marchand. The only notchback Aerosport Coupe thought to have survived. Excellent paint and panel fit, hand-tipped pigskin interior, Cotal pre-select transmission, imperfections recently professionally repaired. Low mileage appears to be original. The complete package. Cond: 2. SOLD AT $467,500. These have been money in the bank. Oops, I mean money in a tin can buried in the backyard. I have no idea what happened here, as the buyer walked away with an absolute bargain. Another lesser example was a no-sale at $500k, so this was indeed well bought. #159-1955 PORSCHE 356 Speedster. S/N Marchal lamps. Restored by RM. Brought Second in Class at 2006 Pebble Beach Concours. A stunning presentation. Cond: 1-. SOLD AT $825,000. A rare and desirable coupe restored to perfection. Final and win- 82011. Eng. # 60669. White/black canvas/red leatherette. Odo: 60,669 miles. Numbers-matching with Kardex certificate of authenticity. Delivered with U.S. speedo and sealed beam headlights. Original condition with recent respray. Stated to have no rust or filler. A well maintained straight and solid 356. Cond: 3. Sports Car Market #166-1937 BUGATTI TYPE 57SC Atalante coupe. S/N 57551. Eng. # 30S. Patrol Cream & Lemon Oxide/tan leather. RHD. Odo: 1,613 km. Ex-André Derain, restored while in the Harrah Collection. Pebble Beach Best of Show in 1976 and still pristine. Recent engine rebuild and refurbishment of paint. First of four built with streamlined headlights, complete documentation from new. An elegant and standard with color very close to original. Cotal pre-select gearbox works well. One of 85 235s produced. Cond: 1-. SOLD AT $280,500. I owned this car prior to its restoration and can attest to its driveability. It has attractive styling from the front, but it looks like a '53 Ford from the rear. The seller would have liked more, but I feel the price paid was fair all around. GERMAN #164-1955 BENZ 300SL Gullwing coupe. S/N 1980405500088. MERCEDESEng. # A1980405500088. Red/tan leather. Odo: 35,684 miles. Quality restoration 13 years back. Still shows well with recent “Best in Class” awards. Engine overhaul in 2006. Complete with luggage, tools, belly pans, and radio. Paint ning bid seemed a bit light and was well below the $1m low estimate, so I'll chalk this one up for the buyer. #208-1952 DELAHAYE 235 drophead coupe. S/N 018046. Light blue/dark blue fabric/blue leather. RHD. Odo: 469,650 km. A oneoff 1952 Paris Salon show car with coachwork by Letourner et Marchand. Once owned by the manager of Delahaye and the president of the Delahaye club. Recent restoration to high

Page 86

Glovebox Notes 2009 Toyota RAV4 Sport SUV RM Auctions Phoenix, AZ A brief look at cars of interest that have passed through the SCM stable. HHHHH is best. RM's Ft. Lauderdale sale in February '08 for $61,600 (SCM# 52017), so the seller took a $20k haircut in less than a year. Considering the issues noted, the price paid here was far more realistic. ITALIAN #174-1949 ALFA ROMEO 6C 2500 Super Price as tested: $30,938 Likes: Big enough to be useful, decent legroom, longest wheelbase in class and decent ride. 180-hp 4-cylinder is adequate and gets 25 mpg in mixed driving. Reasonably quiet on the highway. Nav system simple, instruments/controls are intuitive, push open/close second glovebox is fun. Driver's view is good, front seats comfortable. Back-up camera in mirror is useful. Gripes: $24,600 base price is competitive but $1,930 premium interior package, $1,550 Nav system, $750 towing hitch, and $475 back-up mirror will take it out of consideration. Fun to drive: HHH Fun to look at: HH Overall experience: HHH Verdict: RAV4 sheds “cute ute” label, is now handsome and big enough to be genuinely useful (as tested by SCM for a week in Scottsdale). Bound to be good for 200,000-plus miles, but the loaded cost may be a deal-breaker. Mind you, this is a good time to drive a hard bargain.—Paul Duchene 2009 Mitsubishi Lancer GTS Price as tested: $18,915 Likes: Moderately nippy compact that looks a lot like the insane Evo pocket-rocket. New 2.4liter, twin-cam four boasts 168 hp, 16 more than the wheezy 2-liter it replaces. Dash is simple, though info screen is clunky. 5-speed shifter quite slick, back seat OK for adults, splits and folds down. Good brakes, excellent handling, turns in quickly. Gripes: Boy racer spoiler blocks rear vision, interior feels cheap—too much hard plastic. Hard suspension bushings transmit a lot of road noise (even on snow). Much too easy to break loose the front wheels on takeoff. Lots of torquesteer—I thought the engineers figured that one out decades ago. 20.2 mpg is very disappointing Fun to drive: HHH Fun to look at: HHH Overall experience: HHH Verdict: Not fast enough to share the Evo's silhouette without embarrassment. Mitsubishi has gone too far down market; I'd rather pay another $3k and have all-wheel drive, or maybe $5k and have a turbo and all-wheel drive. Or just buy a Mazda 3, which feels more sophisticated overall.—PD ♦ 88 good brightwork, few small paint blemishes and swirls. Cute as heck. Cond: 2. SOLD AT $44,000. Another example sold across town at Barrett-Jackson a coupe days earlier for the same price as was paid here, so this must be the new market-correct price. As the economy shrinks our resources, are small cars now in vogue? I guess so. #221-1964 AMPHICAR 770 convertible. S/N 100569. Red/white vinyl/red & white vinyl. Odo: 23,668 km. Powered by a 1,147-cc Triumph Herald engine said to propel it to 70 mph on land and 7 mph on the water. Stated to have received a recent restoration, but trim is dented and paint is blistered on hood. Wiper marks on windshield. Decent vinyl interior fitted. Cond: 3+. SOLD AT $41,800. First seen at Kruse Auburn in September '04, where it sold at $48,060 (SCM# 35004). Sold again at paint scheme. Ownership known from new. Cond: 2+. NOT SOLD AT $600,000. Bidding was a bit light here. The quality of restoration and limited production of Series I Europas should have garnered another $100k or so. Perhaps not all favored the unusual color. #163-1958 FERRARI 250 GT Tour de France coupe. S/N 0787GT. Rosso Red/red leather. Odo: 84,270 km. Known as the Tour SOLD AT $137,500. Porsche 356s have been appreciating at a rapid rate, and some say the bloom is now coming off the rose. If this sale is any example, I think we have some way to go before we have to worry about any wilting here. Sold at the current going rate even though the colors were not all that striking. #215-1957 BMW ISETTA 300 coupe. S/N 501477. Red/red & gray fabric. Odo: 7,277 miles. Powered by a four-stroke single-cylinder engine and capable of about 50 mph or so. This example has been restored and is equipped with a factory sunroof. Very nice interior and Sport coupe. S/N 915831. Dark blue/gray leather. RHD. Older respray showing age and use, interior with slight wear. Trim pitted and scuffed, glass scratched, extensive mechanical work completed. First year for the column shift. An attractive post-war Alfa. Cond: 3. SOLD AT $198,000. An excellent driver that would not stand up to the scrutiny of knowledgeable Alfa Romeo judging. Considering the issues and work that needs to be done, the price paid was just about right. #181-1954 FERRARI 250 EUROPA Series I coupe. S/N 0343EU. Green/tan leather. Odo: 3,005 miles. One of 17 Series 1 Europas built by Pinin Farina. Extensive restoration in 2004, with marvelous interior and sparkly engine bay. Windshield with a few wiper marks, unique Sports Car Market

Page 88

RM Auctions Phoenix, AZ de France due to 250 GT victories in 1956 and 1957. The 1958 TdF had covered headlights and three front fender vents. The 12th of 18 Series II cars built. Period correct but non-original V12 engine recently rebuilt at considerable expense. Trim pitted, filler noted in left rear. Extensive history from new and welcome at any vintage event worldwide. Cond: 3. NOT SOLD AT $1,800,000. Impressive provenance on a stunning Ferrari TdF. Last seen at Orion's Monte Carlo sale in November '91, where it failed to sell at $781,676 (SCM# 1918). The price bid here should have been close to getting the job done, and I'm surprised a little give and take did not make it happen. #178-1964 FERRARI 250 GTL Lusso coupe. S/N 250GTL5475. Rosso Corsa/tan leather. Odo: 61,488 km. One of only 353 produced. Restored in 2000 with a Platinum Award at the 2002 Ferrari Club meeting. Minor signs of use on leather seats, Borrani knockoffs shiny. Excellent panel fit, paint and brightwork sparkles. A stunning presentation. Cond: 1-. SOLD AT $550,000. One of the most striking and desirable Ferraris produced. If anything, the final number here was a bit on the light side. The quality of restoration would justify at least another $50k, which would take the price into low estimate territory. Well bought. TOP 10 No. 9 #167-1967 FERRARI 275 GTB/4 coupe. S/N 10045. Eng. # 22610045. Fly Yellow/black leather. Odo: 83,739 km. From the Skip Barber Collection. Restored in the late '90s on the “Dream Car Garage” show featured on the Speed channel. Engine rebuilt at a later date. Excellent paint and panel fit, interior to high here and there. A massive high-end BrassEra Thomas Flyer. Cond: 2. NOT SOLD AT $675,000. Larger-engined Brass-Era cars continue to be favored. Once thought to be only of interest to a passing generation, they have roared back with a vengeance. Considering the Thomas Flyer name and the rarity of the Model K 6-70, I'd have to say that this should have brought a bunch more. The seller was smart in holding on at this bid. #153-1922 STANLEY 740E roadster. S/N 22249. Brewster Green & black/black fabric/ black leather. Odo: 21,436 miles. Later version Stanleys had improved range, but the additional weight did not help performance. Restored over 25 years back but well maintained since. Minor dent in right front fender, several other dings and nicks noted. Interest in steam cars showing signs of age. Engine changed in 1936 and body also upgraded. An impressive and unique CCCA Full Classic. Cond: 2. SOLD AT $297,000. Offered at no reserve, this sold above its $275k high estimate. The issues noted were relatively minor and easily taken care of, but the engine change may concern some purists. All in all, a fair price for a striking one-off car with extensive history. standard. Surprisingly, the brightwork is worn and not up to the same standards as the rest of the car. Cond: 2. SOLD AT $918,500. Last seen at RM's Toronto sale in April '99, where it sold at $325,413 (SCM# 5205). The aggressive styling of the 275 GTB moves it well up the desirability chart. The price paid here was on the low side, especially considering the extensive work recently performed. Well bought. 90 has picked up, but so have the regulations on their use. Not for you if a wrench is a foreign object. Cond: 3. SOLD AT $74,250. Earlier steam cars are more desirable, although their appeal is particular to a limited mindset. If you fit the mold and must have one, this was sold at a fair price. I just hope the boiler still holds pressure. #152-1929 DUESENBERG MODEL J convertible coupe. S/N 2157. Eng. # J417. Light green & black/black fabric/green leather. Odo: 8 miles. The only Fleetwood-bodied Duesenberg built. Delivered with engine J133, current engine is its third. Restored in 1990 and well maintained ever since, but paint is showing Sports Car Market #187-1930 CORD L29 cabriolet. S/N 2928325. Eng. # FDA3465A. Cherry Red/tan canvas/black leather. Odo: 61,387 miles. The first front-wheel-drive car produced in volume. Older restoration that has been well maintained and still shows well. Few minor paint issues, good interior, engine clean and well detailed. ACD club certification. An original and striking AMERICAN #172-1910 THOMAS FLYER MODEL K 6-70 7-Passenger touring. S/N 204. Thomas Red/black fabric/black leather. Odo: 12,440 miles. The Model K 6-70 was the top offering for Thomas and was priced accordingly. One of two thought to have survived, once in Harrah's collection. Lots of brass accessories. Excellent overall condition with a few paint nicks a bit of age. Will need mechanical refurbishing due to extended storage. Fitted with dual Pilot Rays and dual whitewalls. A one-of-a-kind Duesenberg with history from new. Cond: 2. SOLD AT $858,000. Another of the Barbara Atwood no-reserve cars that were sold at or above the current market. This is a handsome car, and assuming there were no mechanical demons under the hood, it'll be a treat to use, and it'll be welcome at any major event. #146-1929 GRAHAM-PAIGE MODEL 837 Dual Cowl phaeton. S/N 506101. Polished aluminum & black/black fabric/red leather. Odo: 15 miles. Built by LeBaron for the 1929 New York Auto Show with a one-off aluminum body. Purchased by Barbara Atwood at Harrah's sale in 1984. Restored in 1986, has covered 15 miles since. Top soiled, rear cowl dented, paint

Page 90

RM Auctions Phoenix, AZ example. Cond: 2. SOLD AT $181,500. Cord L29s were favored by the Hollywood set, but they are not a great road car. As such, they have lots of eyeball, but they're not the best choice for a touring car. Price paid was spot on. #162-1931 DUESENBERG MODEL J roadster. S/N 2410. Eng. # J434. Black/tan fabric/tan leather. Odo: 25,941 miles. First fitted with Derham Sport Sedan body. Later rebodied with Packard coachwork. Recent respray, other components untouched for decades, including pitted and rusting top hardware and freshing to see one in its original configuration. Price paid was on the money, so kudos to all. #154-1934 AUBURN TWELVE Salon phaeton sedan. S/N 1066H. Eng. # BB248OU. Green/tan fabric/green leather. Odo: 33,490 miles. Last year for the Auburn Twelve, all of which were 1933 bodies with upscale Salon trim. Restored in 1990 and well maintained pitting on brightwork. Impressive engine bay. A strong presentation. Cond: 2. SOLD AT $594,000. For the Full Classic folks this is it, and the new owner paid for the privilege of taking it to the next CCCA Grand Classic. The price went well beyond the $400k high estimate, but I don't think the price paid was out of line. A wonderful addition to any collection. #156-1933 MARMON SIXTEEN Style pitted grille. Good panel fit. A very attractive Duesenberg from every angle. Cond: 2. NOT SOLD AT $600,000. Duesenberg body swaps were common in the era, and this was the only Packard-bodied example. That should be worth something; however, there was surprisingly little interest in the room. I would have thought $750k would have been a realistic number, but not on this day. #142-1931 HUDSON GREATER EIGHT Boat-Tailed sport roadster. S/N 927280. Eng. # 48759. Orange & brown/tan canvas/brown leather. Odo: 3,462 miles. Restored many years back with AACA first in 1985. Paint showing signs of age, very good panel fit, engine clean but not detailed. Minor scratches on brightwork. with presentable paint, right front passenger window not working properly. An impressive CCCA Full Classic, and the second of only 56 Marmons built in 1933. Cond: 2-. SOLD AT $330,000. Marmons have an understated elegance combined with strong performance. Considering the distinguished ownership, limited production, and striking styling, this should be considered well bought even thought it sold above the $325k high estimate. #217-1933 PACKARD EIGHT Series 1101 The only year of the “Boat-Tailed” Hudson. Another car from the Dr. Barbara Atwood Collection. Cond: 3. SOLD AT $110,000. The Series T Hudsons are not CCCA Full Classics, and as such, this car did not do as well as many of the other Atwood cars. Still an attractive and unusual car that can be used an enjoyed for not a lot of money. #151-1932 STUTZ DV32 Super Bearcat roadster. S/N DV33068. Green/black fabric/ brown leather. Odo: 26,674 miles. Thought to be one of fewer than ten Super Bearcats remaining. Fitted with Weymann fabric-covered body. Once in the Harrah collection. Purchased by Dr. Atwood in 1984 and restored in 1988. Restoration has held up well with some minor 92 2/4 Passenger coupe. S/N 371963. Red & maroon/tan leather. Odo: 33,110 miles. Older restoration that has been well maintained. Fitted with dual side-mounts, rumble seat, and golf club door. Numerous paint touch-ups, window felt missing, right door fit off at bottom. Very nice burled Carpathian elm dash. Portion of proceeds to benefit an orphanage in Tanzania. Cond: 3. SOLD AT $63,250. Over the years, many coupes were “converted” to roadsters when their tops were lopped off, so it was re front fender looks to have been hastily repaired, showing paint issues and ripples in inner fender. Looks good from a distance. Cond: 3. NOT SOLD AT $57,000. This Airflow was well known in the area, and the issues noted were no secret. These are becoming more desirable, but the noticeable body issues here made me wonder what else might be going on. #149-1934 PACKARD SUPER EIGHT Series 1104 convertible victoria. S/N 76722. Eng. # 752591. Medium gray/tan fabric/gray leather. Odo: 79,489 miles. Eleventh Series Packards are recognizable by front fenders that almost reach the front bumper. Attractive color combination, older restoration still presents well with excellent panel fit throughout. Engine bay clean and tidy, wonderful burlwood dash. A striking Packard that's a treat to drive. From the Dr. Atwood Collection. Cond: 2. SOLD AT $264,000. 1934 Packards are thought to be among the most attractive, and as such, they Sports Car Market 145 convertible sedan. S/N 16145902. Yellow/black fabric/tan fabric. Odo: 31,070 miles. Coachwork by LeBaron. Once owned by Mrs. Marmon and D. Cameron Peck. From the Barbara Atwood collection. Class win at Pebble in 1988. Numerous other awards in the early '90s. Stored since. Good panel fit since, as are all the Atwood cars. Two-speed Columbia rear axle, Woodlites including very rare Woodlite parking lights. An exceptional example. Cond: 2+. SOLD AT $319,000. An inexpensive car when new, these have continued to appreciate of late. The Woodlites gave this car a unique look, and the quality restoration still looked fresh almost 20 years later. Expensive, but well worth it. #116-1934 CHRYSLER IMPERIAL AIRFLOW CV coupe. S/N 7011111. Light yellow/brown fabric. Odo: 31,234 miles. Displayed at Phoenix Art Museum's 2007 Curves of Steel exhibit. Thought to be one of three remaining of 212 produced. Triplane bumpers, waterfall grille, and deco dash. Stated to have had a high-level restoration, but right

Page 92

RM Auctions Phoenix, AZ Recent Il Biscione sales on eBay Alfa Bits by Geoff Archer (All English within quotes exactly as presented by sellers on eBay.) #260302166528-1998 ALFA ROMEO SPIDER 1.8T spider. S/N ZAR91600006046885. Yellow metallic/black canvas/black leather. Odo: 25,852 km. 19 Photos. Eugene, OR. “25.000 KM...ONE OF A FEW LEGALLY IMPORTED IN THE USA! ENTERED THROUGH UNITED STATES AT LEGAL PORT OF ENTRY NOT CANADA OR MEXICO. ALL GOVERNMENT DOCUMENTS AVAILABLE. DOT, bring top dollar. The price paid here was about right assuming nothing weird was going on under the hood. Just needs a bit more pinstripping and some Trippes up front. #148-1935 CADILLAC V16 452-D con- CUSTOMS HS-7 DOCUMENTS. A REAL PLEASURE TO DRIVE. THIRD OWNER, ALWAYS GARAGED WELL CARED FOR. OWNER WILL GLADLY MAKE AVAILABLE FOR SHOWING.” Oregon plates mounted on top of Euro ones. Buy-It-Now of $26,000. 0 bids, sf 509. Cond: 2. NOT SOLD AT $22,000. Looks as legit as an eBay auction could... but I guess it's just too hard to shake off images of the impound yard conjured by Q&A that includes, “I was once juked in a deal for a similar spider in Miami...” #160300883602-2002 ALFA ROMEO 147 3-dr hatchback. Red/black cloth. Odo: 60,000 miles. 17 Photos (of two different cars in Europe). Lomita, CA. “Do you want to drive very rare car in USA? I can help you! I'm French I have this car in France, but I live in Los Angeles for my university, so I don't need to keep the car in France!! The car will arrive the 11 January 2009, in Long Beach, is a work of art, minor issues with brightwork could be easily fixed. One of a limited number of V16s with an open body. Cond: 2. SOLD AT $473,000. Another example that the market for quality CCCA Full Classics is alive and well, as it sold well above the $400k high estimate. With mechanical work, this will be a fabulous tour car and welcome at any concours. every paper will be finish, you just have to go on DMV to be the new owner!! After I can go to your place to give the car to you! Of course you don't pay all of the car, before reception, I need just the price of the shiping for waranty...” 7 bids, sf 114, bf 22. Cond: 2-. NOT SOLD AT $810. Just when you thought Jay Leno had proven every American “man on the street” is a raging idiot... here's your evidence to the contrary. School's in session, euro-fraud-phisher-guy. #280291135332-2008 ALFA ROMEO 8C COMPETIZIONE coupe. S/N ZARJA181980040907. Competizione Red Metallic/tan leather. Odo: 12 miles. 36 Photos. Minneapolis, MN. “One of only 84 destined for the US, and one of only two that we know of available for sale. This car comes perfectly optioned as follows... Full Twisted Leather Trim, Schedoni Matching Luggage Set, Full Carbon Kit (Steering wheel, etc), Alfa Shields (Quadrifolio - worn on historic #180-1937 CORD 812 SC convertible coupe. S/N 32128F. Eng. # FC3047. Geneva Blue/tan fabric/brown pigskin. Odo: 195 miles. Recent restoration by RM. ACD Club certified as an original supercharged Cord. Won its class at Pebble in 2007. Often and incorrectly seat. Woodgrain dash looks tired, AM radio and heater installed. Paint with age cracks, grille and trim pitted. Dynaflash engine quickly detailed. Cond: 3-. SOLD AT $44,000. An attractive Buick convertible that was not much more than a driver. It was cheap enough, but to get it up to snuff will take time and more than a few checks. #107-1939 LINCOLN ZEPHYR con- Alfa racing cars, and performance bred production Alfas since 1923), Premium Bose Stereo, iPod Connection, Car Cover, Floormats. These options bring the full invoice price of the vehicle to $292,985.” 60 bids, sf 32, bf 1136. Cond: 1. NOT SOLD AT $200,900. Sure, you might catch a bargain low-balling new car dealers these days, but I don't think the 8C is big on the Automotive News incentive watch. Although I too wish the new Alfa was priced below the cheapest Maserati, I think it's gonna take $300k to win these keys. ♦ 94 referred to as a “Sportsman.” Pigskin interior could be questioned. A striking Cord that's difficult to fault. Cond: 1-. SOLD AT $484,000. A dazzling car at an even more dazzling price, and a new high water mark for a Cord 812 SC convertible coupe in the SCM database. These have been appreciating of late, so considering the quality of restoration, this was not a shocking number. #144-1937 LINCOLN MODEL K convertible Victoria. S/N K8357. Eng. # K8357. Sports Car Market vertible coupe. S/N H81904. Black/black fabric/burgundy leather. Odo: 18,673 miles. Aerodynamic styling and an Art Deco dash make these a tasty package. Paint worn with cracks and chips, door handles drooping. V12 engine not detailed and a potential problem if not well cared for. Just looks tired. Cond: 3. SOLD AT $56,100. As this car crossed the block, the announcer said it was a CCCA Full vertible sedan. S/N 5100043. Yellow/tan fabric/brown leather. Odo: 279 miles. From the Dr. Barbara Atwood collection. Massive CCCA Full Classic residing on 154-inch wheelbase, restored by Steve Babinsky 15 years ago and still in impressive condition. Clean V16 engine Sears Maroon/tan canvas/tan leather. Odo: 33,217 miles. Ordered by sportswoman and heiress Eleonora Sears. Ordered with 1936 grille, fenders, headlights, and flat windshield. Restored many years back and won numerous awards in the '90s. Paint maintains good luster, with a few swirls and minor dings. Engine well detailed, very nice interior. Another Full Classic from Dr. Atwood Collection. Cond: 2-. SOLD AT $126,500. Lincolns do not bring the money that Packards do, but this attractive Brunn-bodied Victoria was an absolute steal. A V12 in good condition with many awards to its credit should have brought another $20k or so. Well bought. #108-1938 BUICK SPECIAL convertible. S/N 13352342. Eng. # 45241344. Yellow/ black fabric/red leather. Odo: 1,052 miles. Restoration completed some years back and now showing signs of age and use. Fitted with dual side mounts, fender skirts, and rumble

Page 94

RM Auctions Phoenix, AZ Classic, which is not true. I hope the buyer does not sign up for a CCCA event based on that. The price paid was a bit aggressive considering the long list of issues and needs. #127-1940 LINCOLN-ZEPHYR CONTINENTAL cabriolet. S/N H95795. Washington Blue/tan canvas/red leather. Odo: 66,171 miles. These were mostly hand-built, with a ton of lead work around the trunk. One of only 350 cabriolets. LCOC awards, CCCA Sr #1918. Tan top stained, lower trim dented, Odo: 24,277 miles. Older restoration retaining original wood. Recent respray, fit issues with trunk and doors. Accessory fender tips fitted, new interior very presentable, engine bay exceptional. Mileage stated to be original. One of the most desirable woodies. Cond: 2-. SOLD AT $162,250. Considering the low mileage and quality of the paint, engine, and interior, it was surprising that this Sportsman did not sell for $25k–$30k more. Well bought. in years. A wonderful road car. Cond: 2. SOLD AT $48,400. One of 1,342 convertibles produced in 1946. This car was offered at RM's Ft. Lauderdale sale in Feb '08 and did not sell when bid to $56,000 (SCM# 52010). At the time it was stated that the seller was correct to take it home at that price, but that was then and this is now. The buyer here did just fine, proving every transaction makes someone happy. interior with only minor signs of use. Columbia two-speed rear axle. An attractive and stylish Continental. Cond: 3. SOLD AT $88,000. While selling well below the $150k–$175k estimates, the price paid was just about right. The key here is under the hood—these need a few modifications—like a larger oil pump—in order to be reliable runners. If all checks out, this was an attractive car at a fair price. #210-1942 PACKARD SUPER EIGHT 160 convertible. S/N 15792019. Eng. # E500945. Red/tan fabric/tan leather. Odo: 81,341 miles. Seller claims he has $300,000 in restoration costs, and there's no reason to doubt that statement. Perfect paint and chrome, no miles since restoration. Fitted with accessory bumper guards, “K” steering wheel, and Trippe lights. Almost too nice. Cond: 1. SOLD AT $170,500. Cars from 1942 had a limited production run due to war, so they're rather rare. The price paid here was way over the top, but the car was restored to perfection, so there's no issue with the final number. The seller was looking for more but he should be happy. #113-1946 CADILLAC SERIES 62 con- vertible coupe. S/N 8416093. Light blue/tan fabric/blue leather. Odo: 69,251 miles. A well maintained and mostly original example of a desirable Cadillac. Paint decently resprayed, window frames pitted, one wind wing window delaminating. Fitted with radio, heater, and power top. Small hubcaps, engine not touched four 8-cylinder sedans thought to have survived. Now a CCCA Full Classic. Cond: 2. SOLD AT $330,000. Last seen at RM's Phoenix sale in January '02, where it sold at $143,000 (SCM# 27030). It's thought that only 102 8-cylinder sedans were built. Most were built in 1946, with a few carried over for '47. An impressive and massive car, and although it sold at twice the going rate of a 6-cylinder T&C convertible, this was not an unreasonable transaction. #165-1947 FORD SUPER DELUXE Sportsman convertible. S/N 799A1934335Z. Dark green & wood/tan fabric/red leather. scrubbed. It's stated that Hope used the car, but the only documentation is two photographs. Not the world's most attractive custom. Cond: 2. SOLD AT $148,500. Bidding here did not even come close to the seller's expectations. It's hard to place much value on Bob Hope “may haves,” so what's a '50s show car custom worth? Today it was $148,500. Well sold. TOP 10 No. 10 #170-1954 DODGE FIREARROW III Concept sports coupe. S/N 9999707. Opal Blue Metallic/Opal Blue & white #191-1947 CHRYSLER TOWN & COUNTRY Big Red 4-dr sedan. S/N 7402536. Maroon/red leather & plaid fabric. Odo: 85,805 miles. Once in Lloyd Mays Collection. Comprehensive restoration in 2006 to high standards. Fitted with sun visor, roof rack, and spotlights. Unique spotlight on rear bumper; wood shows issues on trunk. New Yorker chassis, massive trunk hinges. One of #122-1950 HUDSON COMMODORE SIX convertible. S/N 50278280. White & dark gold/white canvas/maroon leather. Odo: 22,092 miles. Once owned by Steve McQueen as documented by vehicle registration. Engine replaced with 308 and “Twin H-Power” induction. Mostly original with older respray. Interior worn and top ratty, original push-button radio, power windows, and sunvisor. Restore or leave as McQueen had it? I would not touch it. Cond: 4. SOLD AT $42,900. Is the “King of Cool” game over? This car sold for about half of what a pair of his sunglasses went for a few years back. His ex-wives have flooded the market, and the silly money has gone elsewhere. #186-1950 MERCURY TEMPLETON SATURN Bob Hope Special roadster. S/N SOS76109. Light blue/blue & white leather. Odo: 11,064 miles. A one-of-a-kind custom “bitsa.” Fitted with the hood of a '36 Chrysler, bumpers from a '46 Pontiac, and fenders from a '49 Chevy. Made auto show circuit in '50s, and was to be in movie with Bob Hope that was 96 Sports Car Market

Page 95

RM Auctions Phoenix, AZ $147,000 (SCM# 36612). The seller was looking for something close to the low estimate of $300k, but bidding fell well short. More common “FBirds” have sold for more than what was offered here, but I'd suggest the less-than-attractive color held things back. #115-1963 BUICK RIVIERA 2-dr hard leather. Odo: 66,206 miles. 242-ci V8, 4-bbl, auto. Designed by Virgil Exner with body by Ghia. Mounted on Dodge Royal chassis with “Red Ram” Hemi V8. Miss Betty Skelton drove the Firearrow III to 143 mph at Daytona Speed Week in 1954—a new record. Restored to perfection by Fran Roxas a few years back, minor signs of age since. The basis for the Dual-Ghia. Cond: 2. SOLD AT $880,000. This was the only dream car to hold a land speed record. The Dodge Firearrow II and IV, both convertibles, sold at the 2007 Barrett-Jackson sale for $1.1m each. This was a more attractive car, and the quality of restoration was a touch better. As such, we'll call this well bought at a bit under the money. See profile, p. 48. #168-1957 DUAL-GHIA convertible. S/N 132. Charcoal/black fabric/gray leather. Odo: 52,208 miles. 315-ci V8, 4-bbl, auto. One of only 117 Dual-Ghias manufactured and extremely expensive when new—a “Rat Pack” favorite. Chrysler D-500 Hemi V8, rare example without characteristic tailfins. Quality the Atwood Collection. Cond: 3. SOLD AT $51,700. Depending on your point of view, this is a glass half empty or glass half full transaction. It was a desirable Packard that sold for under the money, but a handful of issues await the new owner. Upgrade or drive and ignore the problems. Both work. #202-1955 CADILLAC SERIES 60 SPECIAL Fleetwood sedan. S/N 556025271. Black/gray & black fabric. Odo: 32,159 miles. Documented role in “Driving Miss Daisy” with Morgan Freeman at the wheel. Car is well equipped with a/c and power windows. A nothing-special Cadillac that's in average condition desirable Riviera. Cond: 3. SOLD AT $27,500. These are on a number of collectors' radar, but they need to be in a touch better condition to bring the money. The 1965, with its covered headlights, is the most desirable, but I wouldn't kick this out of the garage. A good buy, so drive the wheels off it before starting a restoration. #130-1963 CHEVROLET CORVETTE and would not get much interest, except for its fame from the movie. Cond: 3. SOLD AT $33,000. This buyer paid a premium of about $10k for the movie appearance, but a year or two from now will anyone remember? I'd think not, so better enjoy it while the flavor lasts. #173-1957 FORD THUNDERBIRD Phase respray over some bodywork issues. Attractive and unusual color scheme. Engine well detailed. Cond: 2-. SOLD AT $176,000. Price paid here was on the low end of where these have been selling of late, and it was well below the $225k low estimate. I'd say this was due to this car's lack of tailfins and some bodywork issues. All things considered, a fair price. #136-1955 PACKARD CARIBBEAN convertible. S/N 55881163. White, red, & black/white vinyl/red & white leather. Odo: 50,667 miles. 352-ci V8, 2x4-bbl, auto. The first year for the Packard V8, all options except a/c included here. Older respray a bit worn and tired, body straight and solid. Outside windshield molding not attached but with car. Left door shows alignment issues, engine clean but not detailed. An attractive car with needs. From 1 convertible. S/N D7FH202136. Willow Green/black & white vinyl. Odo: 85 miles. 312ci supercharged V8, 3-sp. One of 15 D/F 'Birds built in order to be accepted by NASCAR. Eight have survived. Equipped with McCulloch VR57 Phase 1 supercharger, button hubcaps, blackwall tires, and heater and fender skirt delete. Numerous awards with perfect scores. Older restoration still shows well. Cond: 1-. NOT SOLD AT $190,000. Last seen at Mecum's St. Charles sale in October '03, where it sold at Grand Sport roadster. S/N 002. White & blue/blue vinyl. Odo: 3,684 miles. 427-ci V8, 4-bbl, 4-sp. One of five Grand Sports developed by Zora Arkus-Duntov, of which only two were roadsters. Driven by Roger Penske and George Wintersteen. Original-style all-aluminum 377-ci small-block V8 and reproduction body included with car. Extensive documentation. Thought to be the most original of all five top. S/N 7J1061872. Black/black leather. Odo: 29,577 miles. 425-ci V8, 4-bbl, auto. Generally unrestored, but paint has been touched up here and there. Equipped with a/c, Autronic eye, and optional JW-code 340-hp engine. Mirror and other trim pitted, interior in good condition all things considered. A solid example of a Grand Sports, and considered by many to be one the most important sports racing cars ever. As-raced condition. Cond: 3. NOT SOLD AT $4,900,000. The star of the show, and likely a once-in-a-lifetime opportunity for the most serious of Corvette collectors. Five mil is a big number to say no to, but rumors abounded that the consignor had paid more for it. I do know that after this car failed to sell, the auction went flat. It's safe to say the interested parties were all watching, so I'd call this a market bid. ♦ April 2009 97

Page 96

Russo and Steele Scottsdale, AZ 9th Annual Scottsdale Sale Russo's top dog for the weekend was the ex-J.B. Nethercutt 1955 MercedesBenz 300SL, going to a new home for a tidy $660,000 Company Russo and Steele Date January 15–18, 2009 Location Scottsdale, Arizona Auctioneer Jim Landis, Dennis Wisbey & Rob Row Automotive lots sold / offered 262/597 Sales rate 44% Sales total $17,527,120 High sale 1955 Mercedes-Benz 300SL coupe, sold at $660,000 Buyer's premium 10%, included in lots prices Sharp Gullwing made $660k at Russo Report and photos by B. Mitchell Carlson Market opinions in italics I t doesn't seem like it's been nine years since Drew Alcazar and company pitched a tent within earshot of WestWorld and started to play the auction game by their own rules. There's been some tweaking along the way—most recently with the 2008 change during to an all-reserve format—but overall, it looks like Drew has it generally dialed right in. Russo was one of the few auction houses out in Arizona that seemed to be holding its own. Certainly the take was down by over a million bucks ($17.5m this year vs. $19.1m in 2008), but the ratio of decline was far less than most auction companies (only Gooding did better than last year, while some were down by almost half). The consensus among most folks was that the mix of cars was of a higher caliber than last year. Russo had quite the eclectic selection, with all the usual suspects: vintage and modern Ferraris, Maseratis, Jaguars, BMC products (British Motor Corp., not B. Mitchell Carlson), Teutonic regulars, plus several Etceterinis and Bitsas to keep things interesting. Indeed, Russo's top dog for the weekend wasn't a muscle car; it was the ex- J.B. Nethercutt 1955 MercedesBenz 300SL, going to a new home for an eye-opening $660,000. Next up was a 1964 Cobra 289, a decent restoration that did $495,000. Hemis definitely marked their territory, with the next highest sale being Nicolas Cage's 1970 Dodge Challenger, going to a non-celebrity owner for a 50% celebrity surcharge over the current market at $440,000. The buzz in the room was that consignors were nervous about putting their cars in a no-reserve auction, hence the larger number of big-dollar, blue-chip collectibles that showed up at Drew's. Russo's volume was up significantly. They put 597 cars across the block during the four days, with 225 declared sold on the block, and another 37 having deals put together post-block for 262 sales. In today's economic environment, no one is going to look down on a 44% sell-through rate. Joining the Drew crew this year was veteran auctioneer Jim Landis, who was been a regular on the Mecum circuit, and he helped regulars Dennis Wisbey and Rob Row keep things moving right along. If there were a competition for the highest energy, most-entertaining team of auctioneers in Scottsdale, these guys would certainly be contenders. Russo and Steele continued to show that it has a deeply enough ingrained presence in the Arizona auction scene to be a force to be reckoned with, and carried on quite well in this uncertain market. ♦ Sales Totals $5m $10m $15m $20m $25m 2009 2008 2007 2006 2005 98 Sports Car Market

Page 98

Russo and Steele Scottsdale, AZ ENGLISH #F515-1953 NASH-HEALEY roadster. S/N 2321. White/black cloth/red leather. Odo: 62,580 miles. Fitted with chrome knockoff wire wheels in lieu of more common steel disc wheels and period accessory stainless exhaust deflector. Freshly restored, expert workmanship in body and paint. Door and panel gaps spot-on, all exterior brightwork rechromed to an excellent standard. Show quality engine bay, more miles in a transport than it's ever seen under its own power. Final bid was right in the zone of where the value should be in January 2009, if on the lower end. #TH302-1957 MORGAN PLUS 4 road- ster. S/N 15782. Red/tan vinyl/tan vinyl. Odo: 55,895 miles. Decade-old driver-grade restoration seems to be holding up well. Decent paint, door gaps a bit off, hood to cowl gap excessive. Show-quality chrome wheels and bumpers, new weatherstrips, windshield frame seal, fender welting, and running board rub strip rubber. Top bows and side curtains present, but no top material. Older cosmetic detailing in #F541-1966 SUNBEAM TIGER convert- ible. S/N B9472650. British Racing Green/tan vinyl/tan leather. Odo: 47,396 miles. 260-ci V8, 4-bbl, 4-sp. Freshly restored from a bare shell with good body prep and repaint. Excellent quality exterior chrome replating and trim buffing, reproduction emblems, good panel gaps. Freshly detailed engine bay, but undercarriage less than spectacular. Expertly reupholstered interior, with only light wrinkling starting on the driver's seat bottom. AM radio bezel lightly frosted from age, carpet is a softer cut-pile than the original. Cond: 2+. NOT SOLD AT $200,000. This seller really should have thought twice, as commensurate Nash-Healeys are doing well to crack $100k in this market. On top of that, the 2-door hard top Le Mans coupe that was consigned here as lot S725 sold for $58,300, and it was in similar condition. #F488-1954 JAGUAR XK 120SE roadster. S/N S674263. Red/tan cloth/tan leather. Odo: 38,051 miles. Per the Jaguar Heritage Trust documentation, a black Special Equipment car from new. Professionally restored in the early '90s, heavily concoursed in AACA & JCNA competition from '94 through '05. Minimal wear from use. Paint and chrome still resplendent, door and panel fit excellent, engine bay show-ready. Light wrinkling on driver's seat bottom, but leather is still very engine compartment not to concours standards. Fully reupholstered interior with little to no wear, refinished dashboard has a lumpy texture under urethane varnish. Cond: 3+. NOT SOLD AT $19,000. Last seen at Barrett-Jackson's Scottsdale event in January '99, where it failed to sell at $16,800 (SCM# 7471). While not a showboat, this was done up quite well as a driver, and it really didn't look like it had been used much. The final bid was a bit light, even if the car should be in the $20k to $30k range. #F499-1966 JAGUAR XKE SI convert- ible. S/N 1E13181. Gold Sand Metallic/black cloth/black leather. Odo: 62,078 miles. Somewhat recent concise restoration with near flawless bodywork and paint application. AACA Senior award. Door and panel fit better than original, show-quality replating on all brightwork. Fresh, well-fitting top looks like it was installed this morning. Concours-grade not to show quality. Better-than-original leather seats and door panels, new cut-pile carpeting and mediocre new top. Original steering wheel heavily worn on the rim, with several cracks and pitted chrome. Cond: 2-. NOT SOLD AT $32,500. Pretty on the outside, but it had a few issues that needed to be dealt with. An overthe-top bid based upon this, but the seller was looking for more. FRENCH #S712-1927 BUGATTI TYPE 37A Replica racer. S/N BOC50. French Blue/black leather. RHD. Reproduction body and frame by Dave Willis with some original Type 37 powertrain components. Issued a Bugatti Owners Club of the U.K. serial number (referred to as either BC50 or BOC50, intermittently). Older repaint cracking around body rivets and chipping on panel edges. Leather hood straps and cowl seals show light cracking and general patina. Nicely supple. Adhesive for kick panels starting to lose its hold, supplementary band clamp holds shift boot on the shaft. Cond: 1-. NOT SOLD AT $105,000. The SE package consisted of a hotter camshaft and higher compression, a heavier clutch, retuned suspension, dual exhaust, and chrome wire wheels. Since changing hands for $113,300 at RM's Rochester sale in August '08 (SCM# 117413) and being unsold at Worldwide's Hilton Head event in November '08 at $115,000 (SCM# 118616), it's getting 100 engine compartment detailing. Fresh-smelling, expertly fitted leather upholstery with no wear or soiling. Dealer optional AM/FM radio and modern vinyl floor mats. Cond: 1-. NOT SOLD AT $80,000. This is pretty much a buyit-and-show-it trophy magnet that would be difficult to upgrade, unless you'd rather have another color than pale gold. Since it sold in November at Worldwide's Hilton Head auction for $102,000 (SCM# 118611), it should have rightfully hit six digits to be saleable, if just barely. detailed motor and engine bay in general, electronic ignition fitted. Lightly wrinkled seating surfaces, leather still quite supple. Cond: 3+. NOT SOLD AT $170,000. Since it only has a bill of sale, the whole BOC (or is it BC?) serial number thing is a moot point. Not at all a real Bugatti, and not quite a bitsta—not too far removed from the old George Washington's axe with an N.O.S. handle and replacement head metaphor. It was bid to what it was worth. At least it wasn't Pinto or VW-powered—or a Tupperware Auburn Boattail Speedster. GERMAN #S705-1955 MERCEDES-BENZ 300SL Gullwing coupe. S/N 1980405500333. Light Sports Car Market

Page 99

Russo and Steele Scottsdale, AZ #F547-1960 PORSCHE 356B coupe. S/N 112480. Black/red leather. Odo: 61,770 miles. Optional Blaupunkt multi-band radio and chrome wheels. Recent bare-body restoration performed by Classic Showcase. Superb body prep and panel fit, equally well done paint with a few polishing swirls. All original chrome replated, all original trim restored. No original glass left, including headlight covers and gauges. Engine compartment restored to blue metallic/blue plaid cloth & blue leather. Odo: 41,370 miles. Equipped with Becker radio and fitted luggage, lacking only Rudge wheels. Recently completed two-year extensive restoration with work done by model-specific experts. Superb body prep and paint application, all chrome replated to match original sheen. Engine bay exquisitely finished and concoursready. Interior features two sets of seats: one in authentic, original style blue plaid cloth, one in blue leather. Light patina on period aircraftstyle racing seat belts. Cond: 1-. SOLD AT $660,000. Purchased new by J.B. Nethercutt with the intent of competing in motorsports events in California. He went over to Ferrari, and subsequently sold this car, which explains why it didn't make to the Nethercutt Museum he founded at San Sylmar. State-of-the-art car, state-of-the-art restoration, state-of-the-art selling price, and the top sale at this event. #S699-1959 BMW 503 coupe. S/N 69383. Silver/butterscotch leather. Odo: 61,299 km. Originally sold new in the European market. Rudge wheels, standard rim in trunk. Current consignor claims mileage original from new. Mostly original paint, although right side of hood is thicker. Taillight housings and gaskets painted over, with paint mostly lifted from gaskets. Nice door and panel fit, most chrome original and in good shape. Leather interior with some patina, paint on steering wheel has ITALIAN #S758-1960 MASERATI 3500 GT spyder. S/N 101761. Eng. # 101761. Black/black cloth/ biscuit leather. Odo: 61,990 km. European market car. Newer repaint with only a few light polish scratches. Selectively replated brightwork mostly at the front, rear trim cloudy. Good door and panel fit, effort-free door latching. Good older replacement top with light weathering and wrinkling, recently cleaned up and lightly concours standards. Expertly fitted seat upholstery, door panels, headliner, and dashpad. Authentic reproduction carpeting and dealer accessory rubber mat. Cond: 1-. SOLD AT $67,100. Said to have been driven about 150 miles since it rolled out of rehab, and the light wear seemed to bear that out. On the auction block, things almost petered out at $50k, but after a bit the bidding got kick-started again, picking up momentum until the consignor pulled the reserve at this final market-correct bid. #S626-1969 PORSCHE 911T targa. S/N 119111054. Champagne Yellow/black vinyl/black vinyl. Odo: 74,953 miles. Porsche Certificate of Authenticity. Recent cosmetic refurbishment and engine build, with the motor claimed to put out 210 hp. Top quality baremetal repaint, generally good panel gaps, cowl to upper door gap wide on both sides. Original targa roof band has some scuffing, newly refinished roof panel still slightly wavy. Neat detailed motor with semi-dingy cowl and wheelwells. Moderate wrinkling and soiling to seats, lightly soiled and worn carpeting. Steering wheel spokes and dashboard brightwork dull. Cond: 3. SOLD AT $250,000. This example was either an early production, or as the consignor claimed, a pre-production model. Since they were essentially a hand-built car, each one had body panels that weren't necessarily interchangeable—or even close. A decent deal for both parties. #F521-1973 FERRARI 365 GTB/4 Daytona spyder conversion. S/N 16837. Black/black cloth/tan leather. Odo: 43,350 miles. Euro-spec front bumper and valence, along with 5-spoke knockoff alloys. Late 1980s Straman conversion re-restored within the last year. Excellent body prep and paint application, door and panel gaps quite good, chrome work better than original. Generally clean and well detailed under the hood, but not quite up to show quality. Superbly reupholstered interior with modern some light crazing. Interior gives off what can best be described as a correct older German car odor. Cond: 3+. SOLD AT $165,000. For you fans of obscure movies, hunt down a copy of “The Last Run” from 1971 starring George C. Scott—the only film that has ever had a BMW 503 in a lead role. This one was last seen at Mecum's final Belvidere auction back in May '07, where it failed to sell at $85,000 (SCM# 45419). At least they wiped up the drool left over from me, egged on in no small part by Colin Comer's “go ahead, bid on it, you know you want it” comments. Well bought and sold. April 2009 and orderly engine bay, somewhat dingy undercarriage. Interior “redone where necessary,” which means small seam separations are just fine. Heavily worn steering wheel rim. Cond: 3+. NOT SOLD AT $25,000. 1969 was the first year for both the glass-window Targa and the extended wheelbase. The T-series was also the last bastion for carburetion, with the E- and S-series getting Bosch fuel injection for the first time. This should be a nice driver, but not for what was bid. This is also with the caveat that you're outside of California or other states where you would have to get the car smogchecked. substitute for original mouse fur on dash top. Cond: 3+. NOT SOLD AT $225,000. Last seen at Bonhams & Butterfields' Los Angeles sale in October '08, where it failed to sell at $260,000 (SCM# 118588). While this will always be something that never really existed, it was a pretty nice example. Since it will always be a half-breed in Ferrari circles, there's no need to really detail it out to the nines. It was bid to less than it would have made if it still had a steel roof, which affirms that correct cars are selling and that fakey-doos are out of fashion, even if they are well done. #S701-1973 FERRARI 365 GTB/4 Daytona coupe. S/N 16947. Red/black leather. Odo: 54,587 miles. Original Canadian market car fitted with Borrani wire wheels. Recently 101

Page 100

Russo and Steele Scottsdale, AZ replaced transaxle, regularly maintained, with fresh belts, hoses, battery, and fluids. The rest of the car is exactly as it was built in 1973, including paint, which shows no nicks or swirl marks. Slightly wavy chrome, generally good door and panel gaps with some uneven spots where doors meet roof. Interior shows some moderate wear, with seat inserts generally wrinkled. Good original mouse fur on dash. Cond: 3. NOT SOLD AT $225,000. First seen at RM's Amelia Island sale in March '99, where it sold at $106,700 (SCM# 3219). Seen again at RM's New York sale in September '00, where it failed to sell at $99,000 (SCM# 10673). Finally, seen at Bonhams' Los Angeles sale in October '08, where it failed to sell at $280,000 (SCM# 118606). Bid to the same price as the cut convertible in lot F521, but I'd take this coupe any day of the week, as it's one of the few Daytonas that could legitimately qualify as a Survivor. Should have brought more. #SN870-1975 MASERATI MERAK coupe. S/N AM122US2100. Red/black vinyl. Odo: 61,583 miles. Older, very presentable repaint, cleaned-up and pliable body side moldings and rubber bumper covers. Good but not great door and panel fit. Carpeting from trunk flooring is gone, but jute pad is still there. Greasy powertrain, CVs, and half-shafts. racing seat & Sabelt racing harness, both of which have significant soiling. Race-specific digital instrumentation without an odometer. Series-specific BBS wheels, Pirelli track rubber. Cond: 3. NOT SOLD AT $75,000. This car scored three pole positions, won three races, and finished second in 2006, its last year of competition. While powered by a bone-stock 400-hp Modena V8, it still can't be made street legal, which diminishes its market appeal overall. Still, with a $90k asking price, that's not too awfully expensive for a track-ready car that can be put to work in any number of series, yet isn't so exotic that it can't be run in club events by an individual. AMERICAN #F483-1954 CHEVROLET CORVETTE roadster. S/N E54S001808. Pennant Blue/ beige cloth/beige vinyl. Odo: 68,396 miles. 235-ci 155-hp straight 6, 3x1-bbl, auto. Purchased in 2007 from the second owner's estate. Cosmetically restored on-the-frame in 2001, eight-year-old repaint and replating still look fresh. No-worse-than-original door and panel fit and gaps. Once moderately well grille, and most trim is modified Patrician. Engine is heavily modified Oldsmobile. Interior trimmed in white vinyl and a shiny gold ostrich vinyl that must have been left over from Liberace's estate. Cond: 3+. NOT SOLD AT $42,000. Packard only produced two design concepts in 1956: the Request, a series 400 2-door hard top with a vertically styled grille; and the Predictor, upon which the still-born full-size 1957 Packard was to be based. With no mention of this vehicle in any of Packard's historical accounts, and considering that it's a collection of parts with no documentation to substantiate it, this was all the money. #TH275-1957 CHEVROLET CORVETTE convertible. S/N E57S100815. Red & white/ white vinyl/red vinyl. Odo: 1 mile. 283-ci 270-hp V8, 2x4-bbl, 4-sp. Fitted with later production engine and even later transmission. Fully restored with high quality body prep work, replated bumpers, professionally polished trim, and reproduction emblems. Panel fit better than stock, but not perfect. Well detailed and authentically restored engine compartment starting to show light soiling from Interior with crazing seating surfaces and door panels, dashpad just starting to lift. Rear view mirror is sitting on passenger's seat. Cond: 4+. SOLD AT $17,600. This seems to be quite a lot for an iffy to scruffy Merak—especially so as one of the last cars sold on Sunday afternoon, while the Cardinals were playing the Eagles for the NFC Championship. Someone high-fiving at the wrong time? #S682-2002 FERRARI 360 MODENA Challenge coupe. S/N ZFF4R51B000126947. Blue metallic & white/red & black cloth. Built for the Ferrari Challenge race series. Recently fitted with current-spec fuel cells to be competition-legal in 2009. Retains all paint from new and all graphics from the 2006 Challenge season, to include tech inspection stickers. Few light bits of track rash, but is no worse than a daily-commuter Camry. Fitted with an OMP 102 detailed motor now has some light surface rust and oxidizing of radiator hoses. Interior soft trim has light wear but is still very presentable. Dashboard repaint looks to have been done with a roller. Cond: 3+. SOLD AT $63,800. Last seen at McCormick's Palm Springs auction in February '08, where it failed to sell at $66,000 (SCM# 89935). The bidding started at $30k, and it took a while to get to $58k, when the reserve was lifted. Maybe I'm somewhat biased because I like Pennant Blue the best of all the '54 colors, but as this would be pretty easy to fluff up, I feel it was a decent buy. #S658-1956 PACKARD EXP-ONE Concept roadster. S/N 56824062. White & gold/gold & white vinyl. Odo: 43,894 miles. Claimed to be a 1956 Caribbean concept. Patrician body channeled by four inches overall and converted into a open 2-door without a top. One-piece curved glass windshield and smalldiameter frame, no door glass or exterior door handles, good quality pearl paint job. Bumpers, limited use. Fully restored interior shows only light wear on driver's side carpeting. Top like new. Cond: 2. SOLD AT $63,800. The 4-speed became available from the factory on April 9, generally around serial number E57S103500. The odometer was also noted as having been recently restored, as there was more than one mile of use, as well as a list of shows it had attended since the work had been finished. The commonly encountered incorrect white instead of light beige cove paint and some light restoration unwinding made this correctly priced at the lower end of market for condition. #S703-1963 SHELBY COBRA roadster. S/N CSX2009. Red/black vinyl. Odo: 193 miles. 289-ci V8, 4x2-bbl, 4-sp. Sent from Shelby American to Holman & Moody to be prepped as a Ford-backed SCCA racer. Class winner in concours competition at SAAC national meets 13 (1988) and 32 (2007). Excellent body and paint, period-authentic graphics. Very light paint chipping along edges of wheel- Sports Car Market

Page 101

Russo and Steele Scottsdale, AZ #TH322-1966 SHELBY GT350 H fastback. wells and lower rocker panels. Modern racespec braided stainless lines and fittings, new aluminum radiator and electric cooling fans. Reupholstered period race seat and passenger's seat, modern fire suppression system. Cond: 1. NOT SOLD AT $1,000,000. Some of the better known drivers who've occupied the left seat include Augie Pabst, Peter Jopp, Tom Payne, Gene Fischer, and Dick Stockton. One of the highest pedigree 289 Cobras out there, along with being CSX2009 offered for sale in 2009, made this the headline car of the event. However, a million just wasn't enough for the long-term owner to let it go. #F516-1964 FORD GALAXIE 500 Factory Lightweight 2-dr hard top. S/N 4A66R145466. Wimbledon White/red vinyl. Odo: 25,194 miles. 427-ci V8, 2x4-bbl, 4sp. Factory-produced lightweight, recently restored after spending 40 years in a garage. Good quality bare body repaint, some body filler in rear quarter panels. Good door and panel gaps, door glass to rear quarter window gap quite pronounced. Clean and well detailed engine bay with several deviations from stock. Authentically restored interior with radio and brightwork better than original. Door and panel fit better than average. Engine bay well kept, generally clean, and looks correct for a mid-1960s racer. Modern form-fitting driver's seat, older racing style passenger's seat. Full roll cage, modern foam padding on most bars. Newer steering wheel, full Stewart-Warner gauges. Radio blanking plate has Carroll Shelby's autograph and is upside down. Cond: 2. NOT SOLD AT $675,000. One of the 36 R models expressly built for track use, this one was originally exported to Peru, where the original owner raced it until 1973. It was then repatriated in 1984 by George Stauffer. Not quite a concours showboat, but made to run and look good doing it. Since it can give a Ferrari GTO a run for its money, and is more exclusive by three cars, I'll say that the final bid was a touch too light. #S711-1965 CHEVROLET MALIBU SS Z16 2-dr hard top. S/N 138375K176243. Regal Red/black vinyl/two-tone red vinyl. Odo: 69,017 miles. 396-ci V8, 4-bbl, 4-sp. Factory options include ps, pb, vinyl roof, tilt steering column, pw, dash-top clock, AM/FM stereo with Multiplex 4-speaker sound system, and deluxe seat belts. Light cosmetic restoration, major components original. Nice paint; hood, cowl, and door fit better than standard production. Recently fluffed-up engine bay and undercarriage, both S/N SFM6S1882. Black & gold/black vinyl. Odo: 86,873 miles. 289-ci V8, 4-bbl, auto. Well documented history in the SAAC registry, topnotch restoration garnered an AACA Senior Award in 1999. Still in excellent condition, with show-quality paint and brightwork. All FoMoCo, Shelby, or authentic reproduction components in engine bay. Correct, clean, and well-detailed undercarriage, older restored interior with reproduction soft trim. Carpet and pedal pads showing some light wear, original dash-top tachometer has some light fading. Door sills have light scuffing. Cond: 2. SOLD AT $126,500. Last seen at Barrett-Jackson's Los Angeles sale in June '01, where it sold at $49,140 (SCM# 24337). One of the last two Hertz cars built, and unique as both were refused by Hertz when delivered due to the two prototype GT350 Hs being considered part of the 1,000 car order. The last two were sent out to Larson Ford of White Plains, NY, with the other one being SFM6S2128, which hasn't surfaced since 1966. Despite the fact that this car was never a rental, it was still under the money of a regular production '66 GT350. #F524-1969 CHEVROLET CAMARO heater delete plates and Econoline bucket seats. Embroidered floor mats, reproduction carpets. California black plate car with 2008 tags. Cond: 2. NOT SOLD AT $150,000. While it was getting started to go across the block, one of the floats in one of the carburetors stuck, causing a backfire that burned the cold air intake flex hoses and prompted the security staff to douse the engine bay with a couple of dry-chemical fire extinguishers. After redetailing the engine, the car crossed the block as the last consignment the next evening. Despite being a bit put off from the previous night's incident, the seller was holding fast to his $200k reserve, and he even posted it on the car before it crossed the block. #S706-1965 SHELBY GT350 R fastback. S/N SFMR5R0530. White & blue/black vinyl. Odo: 27,434 miles. 289-ci V8, 4-bbl, 4-sp. Restoration by Kurt Vogt. Newer repaint holding up quite well despite light stone chips, April 2009 RS/SS NASCAR Pace Car convertible. S/N 124679N525381. Dover White/white vinyl/ blue vinyl. Odo: 15,929 miles. 396-ci V8, 4-bbl, 4-sp. Sold new to NASCAR for use as the pace car for the World 600 race in 1969. Heavily optioned, with ps, pb, a/c, performance exhaust, pw, speed minder, fiber optic light monitors, tilt and telescopic column, and gauge package. Professionally restored by Camaro expert Dave Tinnell nearly 20 years ago, no significant wear since. All replacement chrome, of which are done up to original stock appearance. Noticeable fading on the front seat backs, fading to a lesser extent on dash pad and carpet. Cond: 2-. SOLD AT $154,000. Like all 201 Z16s, it was a GM executive perk car, or in this case, a press car that was featured in the September 1965 issue of Popular Hot Rodding. Sold to its first retail buyer from Clippinger Chevrolet of Covina, CA, California black plates last tagged in 1982. The softening of muscle car prices even hits these very limited production examples. Despite the Chicken Littles in the marketplace and the fact that the car wasn't as virginal as the consignor wanted to think, this was under the money. trim, and emblems, near-concours engine detailing with all GM components. Roll bar and racing harnesses, rest of interior restored to stock. Cond: 2. SOLD AT $258,500. One of seven RS/SSs used by NASCAR as pace cars in '69. This one was bought and kept by the thenowner of Charlotte Motor Speedway, where the World 600 race was held, until he traded it in on a new 1971 Monte Carlo in 1971. Being heavily documented as the real deal, the value is based upon what two people in an active market would be willing to pay. Last seen at 103

Page 102

Russo and Steele Scottsdale, AZ the Rinstad auction in Bloomington, MN, then a no-sale at $275k. Here it was correctly cut loose when the bidding ended. See “Domestic Affairs,” p. 50. #S743-1969 PONTIAC GTO convertible. S/N 242679Z101831. Orange/black vinyl/black vinyl. Odo: 44,976 miles. 400-ci V8, 4-bbl, auto. Ram Air III, 3.23 Posi, a/c, power brakes, seats, and top. Said to retain original ProtectO-Plate and is PHS verified, but no documentation is displayed. Warranty replacement engine recently rebuilt with $5k in receipts. Good looking paint, panel and door fit need attention, one hideaway headlamp won't close. All to flip in less than a year, but for the long term, you betcha. If you doubt me on this, one of the interested parties was the guy who restored it and sold it at MidAmerica—he'd like it back! #S704-1970 PLYMOUTH 'CUDA Hemi 2-dr hard top. S/N BS23R0B184309. Black/ black vinyl/black vinyl. Odo: 66,009 miles. 426-ci V8, 2x4-bbl, 4-sp. Owned and consigned by actor Nicolas Cage. Wears California black license plates with current tags. Chrysler Registry confirms original equipment. Older high-quality authentic restoration. Repaint applied well, but now has several polishing swirls and light scratching. Replated bumpers also signor cut the reserve loose when the bidding ended, this is now market pricing. #F418-1982 CHEVROLET CORVETTE Collector Edition coupe. S/N 1G1AY0783C5110582. Silver Beige/silver leather. Odo: 4,900 miles. 350-ci 220-hp fuel-injected V8, auto. Factory options include heavy duty cooling package, power seats, power door locks, cruise control, and AM/FM/cassette stereo. NCRS Top Flight, NCRS Duntov award, and Bloomington Gold certified. Mileage claimed correct. Very good original paint, some light nicks on the nose, all seals soft and pliable. Well detailed engine reproduction brightwork. Generally clean and well detailed engine bay, seats reupholstered in top-quality leather. Reproduction door panels, dashpad, top, and carpeting. Cond: 3+. SOLD AT $65,000. A lot of things were incongruent about this car. The owner shoveled tons of money into paint, powertrain, and Italian cow skins for the seats, yet the body parts were all hung on like it was an afterthought. Very well sold, as the price paid was over the top for the goods offered. #F513-1970 FORD MUSTANG Boss 429 fastback. S/N 0F02Z110422. Grabber Blue/ white vinyl. Odo: 25,648 miles. 429-ci V8, 4-bbl, 4-sp. Kar Kraft build number KK2153. Marti Report displayed with the car confirms options. Professionally restored, equipped with optional close-ratio transmission, Drag Pack, ps, pb, convenience group, deluxe interior, Rim-blow wheel, and competition suspension. Factory-spec respray includes original overspray patterns on undercarriage. Brightwork replated have light scuffing. Good but not spectacular door and panel fit and gaps, authentically restored engine compartment. Older reproduction soft trim shows minimal to no use or soiling. Cond: 2-. SOLD AT $440,000. Based upon the sales of other 1970-71 E-body Hemis (and all of them consigned at this venue did sell), one can easily say that there was a 50% celebrity premium here. Whether Mr. Cage or an assistant made the decision ahead of time or if it was made live (Nicolas wasn't on site), it was cut loose at an overall market-defying price. Then again, the consignor didn't have to pay a celebrity premium when he bought the car. #S702-1971 DODGE CHALLENGER R/T Hemi 2-dr hard top. S/N JS23R1B187196. Black & white/black vinyl/black vinyl. Odo: 12,041 miles. 426-ci V8, 2x4-bbl, 4-sp. Offered with build sheets, original window sticker, invoice, and Chrysler Registry provenance. Sold by Grand Spaulding Dodge. Mileage claimed original, warranty replacement engine block. Professional restoration with top-notch body prep and excellent panel fit. Rechromed bay. Seats have light wrinkling and wear on outside bolsters, but usually problematic silver leather dye is holding up well. Cond: 2. SOLD AT $33,000. Last seen at RM's Phoenix sale in January '03, where it sold at $32,450 (SCM# 30241). The reserve was lifted at $28k—and for good reason. Even with Bloomington Gold and NCRS provenance, this still rang the bell pretty hard as a 1982. On the other hand, 1982s have been really seeing some increases in selling prices over the last two years. The Collector Edition cars are leading the pack, since quite a few were pickled when new. All in all, not a bad deal for the consignor. #TH222-1988 CHEVROLET CORVETTE Callaway Twin Turbo convertible. S/N 1G1YY3183J5102455. Red/black cloth/black leather. Odo: 2,302 miles. 350-ci 382-hp twinturbocharged V8, 4+3 manual. One-owner car since new, documentation includes Callaway owner's manual and notebook presentation set. Excellent original paint has been cleaned, buffed, and polished to better than new. or replaced with top quality reproductions. Expertly restored interior. Runs out quite well. Cond: 1-. SOLD AT $214,500. Last seen at the spring 2008 MidAmerica auction in Blaine, MN, then selling for $206,700 (SCM# 116805), and consigned here by the same partnership that bought it in May. With shipping and consignment fees, they'll be lucky to call it a draw. Their loss is someone else's gain, as I'll still say this was well bought. It might not be good 104 bumpers, excellent original emblems and trim. Concours-quality underhood detailing, interior with reproduction seats, carpeting, and dashpad, remainder of interior original and in good condition. Cond: 1-. SOLD AT $247,500. This is a hard combination to beat—a high-demand color combination E-body Hemi, sold by the most famous Dodge dealer of all time. The fact that is has a warranty replacement motor isn't as unusual as one would think. Since the con- Callaway 5-spoke alloy wheels nice, top fit like new without any wrinkling or creases. Engine bay slightly dusty from long term storage. Interior shows light wear on door sill carpeting, steering wheel rim, and light wrinkling on driver's seat bottom. A well preserved example. Cond: 2+. SOLD AT $34,650. The soft top was Sports Car Market

Page 103

made in fewer numbers than the coupes, making this one of the most desirable Callaways out there. A market-correct price considering this one's condition and rarity. #TH218-1990 CHEVROLET CORVETTE ZR-1 coupe. S/N 1G1YZ23J8L5800893. Black/ gray leather. Odo: 5,264 miles. 350-ci 375-hp fuel-injected V8, 6-sp. Originally sold through Mark Chevrolet of Wayne, MI, with both roof panels and electronic climate control as the only two options in addition to the ZR-1 package. Claimed original mileage. Exceptionally well maintained and cared for, with only the lightest signs of use. Two light nicks in nose paint, light carpet wear on the driver's side door sill, faint what the new owner does at this point, this was still bought well. #F523-1993 VECTOR W8 coupe. S/N 1V9VW2620PW048016. Silver/charcoal & silver leather. Odo: 808 miles. Transverselymounted Rodeck 6-liter V8 with door-sill shifted 3-speed automatic. Some light chipping on outboard points of bodywork along door openings, original paint otherwise looks good. Roof panel glass delaminating along edges, side maker lights from a Pontiac Firebird. Light to moderate seat back carpeting and shift quadrant soiling and wear, mouse fur dash has held up well. Good old GM steering column could've wrinkling of the driver's seat. Paint regularly cleaned and polished to the point of having a better gloss than when new. Cond: 1-. SOLD AT $26,400. Let's see... It was $60,590 out the door in 1990, provided the owner didn't have to pay any additional dealer markup, and it sold here for $26,400. Pretty lousy for an investment, and it proves once again that “instant collectibles” are only money makers for those who build them. This will be a shoo-in for not only a Bloomington Gold car when it becomes eligible, but also as a Benchmark. No matter been used in a Silverado. Cond: 2-. NOT SOLD AT $425,000. With only 17 or so examples out there, pricing will depend entirely upon demand—and in this case, the owner's resolve to maintain his $600k asking price. To some, it was the one time that America out-trumped the world's supercars; to others, it's a Fiero on meth. The problem is, modern supercars have out-trumped the Vector as Billy Bad-Ass on the block. Its current appeal is to wealthy GenX-er software engineers who really wanted to be F-117 pilots and who now reminisce about the late 1980s and early 1990s. ♦ April 2009 105

Page 104

Silver Auctions Fountain Hills, AZ Arizona in January Sellers have to listen to what bidders are saying: High-dollar cars are steady, but pedestrian American iron is worth less than it was two years ago Company Silver Auctions Date January 16–19, 2009 Location Fountain Hills, Arizona Auctioneer Mitch Silver, Paul Behr, Bob Graham, Gary Dehler, Matt Backs & Brian Marshall Automotive lots sold / offered 199/443 Sales rate 45% Sales total $3,509,603 High sale 1956 Buick Century wagon, sold at $18k Report and photos by Lance Raber and B. Mitchell Carlson Market opinion in italics T his year's Silver auction at the Fort McDowell Casino enjoyed shirt-sleeve weather, and unlike some other Southwest auctions, it was hard to spot a suit and tie. The casino is a few miles north of Phoenix, so attendees were provided the opportunity to both gamble with cards as well as roll the dice in today's collector car market. Silver sold 199 of 443 cars for a $3,509,603 total. High sale was a 1970 Dodge Challenger two-door hard top at $65,000, while a 1960 Ferrari 250 GT California Spyder replica by Modena sold for $60,000 and a 1965 Chevrolet Corvette Custom 502 brought $52,920. As always, the atmosphere at a Silver auction was relaxed, but if there was a theme among the lots, I'd call it “repainted drivers.” Car after car featured great body and paint work on otherwise original 1960s and '70s collectibles. A caveat to add to that theme is that sellers are going to have to reset their expectations and listen to what bidders are saying: High dollar cars are holding their own, but more pedestrian American iron is worth less than it was two years ago. Period. There were some odd standouts at this auction, one of my favorites being a carny-type popcorn wagon, built by the Dunbar Company of Chicago on a 1930 Chevrolet 1970 Dodge Challenger 2-door hard top, sold at $65,500 Buyer's premium 8%, included in sold prices truck chassis with an oak and glass body. The wacky part is that Dunbar installed a gasoline-powered boiler that operated a miniature steam engine to turn and heat the popcorn cookers. That same gasoline tank powered a heater that kept the popped corn warm, and it's all been operating continuously since 1930. The current owner told me he was never allowed inside any building and had to keep at least 100 feet from any structure at all times. He wouldn't part with the truck for $55k, which seemed like a generous bid. My other favorite was a hot rod built from a 1932 Studebaker St. Regis Brougham. The builder was careful to create a stock-appearing 1932 car, even keeping the cast spoke wheels, but it was also a fabulous hot rod with modern running gear. The black paint was nearly flawless and the interior was done in plush modern fabrics. He even put a huge period trunk on the rear bumper for a vintage touring look. The running gear was a 350-ci Chevy mated to a modern automatic, and the front suspension was all 1987 T-Bird, plus a stereo system to make a teenager grin. But the seller said no to a bid of $100k, which suggests he doesn't watch TV or read any newspapers. This year's Silver auction took in $3.2m less than last year's and sold just 45% of the cars offered, which gives you an idea of what's happened to the market. There are bargains to be had if you're willing to spend money... and you don't run into a seller with a well-thumbed 2008 price guide. ♦ $1m $2m $3m $4m $5m $6m $7m $8m Sales Totals 2009 2008 2007 2006 2005 106 Sports Car Market

Page 105

One Site — One Price. Real ValueS in Real Time Now oNliNe! The world's largest collector car price guide based on over 500,000 sold transactions from www.ebaymotors.com/pricetracker For the collector who needs to know what things are selling for, right now. Take a free test drive on a the featured car of the week. 24-hour memberships from just $3.99. . updated weekly.

Page 106

Silver Auctions Fountain Hills, AZ ENGLISH #228-1957 MG A roadster. S/N HDK4326444. Cream/black cloth/ black leather. Odo: 1,845 miles. Paint and trim great, chrome very nice, interior asnew. Body shows some needs throughout, with some wavy panels here and there. Decent top. performance mods, and said to be making 150 hp. A claimed one-owner car. Cond: 3. NOT SOLD AT $11,250. A well used but tarted-up driver with a tatty top. There was lots of rust on the top bows and in the engine compartment, and all the rubber goods appeared to be original and wanting. First crossed the block as lot 69 to a no-sale price of $9,500, then re-run later in the weekend to this market bid. AMERICAN #105-1930 CHEVROLET POPCORN truck. S/N T137529. Red. Built on a 1930 Chevy chassis with a custom body by Dunbar, mostly oak and glass. Nice paint, decent wood. Ready to make popcorn. Cond: 4. NOT SOLD AT $55,000. This carny-type popcorn truck has been working since being built in 1930. The current owner has used it at fairs and outdoor Cond: 3. SOLD AT $13,900. This was reportedly a 15-year-old restoration, but it must have been a trailer queen because of how well it was preserved and detailed. The body was a bit beat up and the doors fit like MGs usually do, but it was a good deal at the price paid. #227-1960 MG A coupe. S/N GHDL82623. Red/black leather. Odo: 2,035 miles. Body straight with good paint and trim throughout. Interior wood in good shape, seats and carpet events for the last 20 years. The wacky thing about this truck it that the boiler that turns the steam engine which turns the corn roaster is gasoline fired. The owner stated that nobody would let him inside of any building, and he had to park more than 100 feet away from all structures at all times. $55k was well over the top, and this could have sold without regret. still nice. Disc brakes. Wheels rusty, door fit poor. Cond: 2-. NOT SOLD AT $12,750. Nicely restored but with a few rattle-can touchups. Coupes are a bit rarer than roadsters, and although this one had some needs, I can't blame the seller for holding out for a bit more. #577-1969 TRIUMPH TR6 convertible. S/N CC30043L0. Maroon/tan vinyl/brown leather. Odo: 75,242 miles. Body and chrome fair but not great, with some visible wear from use. Fair repaint in dark maroon, worn top, decent brown leather seats. Modified original engine bored .040 over, fitted with numerous #108-1939 FORD DELUXE 4-dr sedan. S/N 184732104. Black/tan cloth. Odo: 42,000 miles. Decent quality repaint, body straight, panel fit excellent. Chrome seems to be original, interior has been redone. Claimed frameoff restoration appears a bit amateur, with some peeling yellow paint, engine compartment otherwise clean and well-done. Cond: 3. SOLD AT $12,500. A nice period hot rod complete with lake pipes and Offenhauser heads with dual carbs. A stunner from 25 feet and well sold at $12,500. #59-1952 MERCURY 2-dr sedan. S/N 52ML368590. Primer/purple/white & black vinyl. Odo: 33,893 miles. Primered body fairly straight, trim dismal, front bumper replaced with red push bars topped with chrome skulls. Wide whitewall tires, new tuck ‘n roll interior. Reported to have a rebuilt motor and trans- #444-1947 MERCURY DELUXE con- vertible. S/N 21A7663120C1. Cream/tan cloth/brown leather. Odo: 7,252 miles. Owned for many years by Buck Owens. Body straight and solid, paint fair, full fender skirts fitted. Chrome original and in need of replacement. Wide whitewall tires, good correct hubcaps. Cond: 3. NOT SOLD AT $25,000. This looked to be an older repaint that had been driven, as some paint was peeling off the dash and there was rust and paint chips visible in places. If this car could talk, what a story it would have. In this condition, it should have changed hands at the top bid. #330-1952 MERCURY MONTEREY 2-dr hard top. S/N 52LA36380M. Blue/gray vinyl. Odo: 682 miles. 255-ci flathead V8, 2x2-bbl, 3-sp. Nice paint and body work, well done interior simple but not Spartan. Glass heavily tinted, chrome and trim nice. Engine block has rattle-can detailing and visible surface rust in the engine compartment. Cond: 2. NOT SOLD AT $14,800. As with many of the cars available in Fort McDowell this year, this car needed a bit of work but would have made an excellent driver. Although it was bid to nearly $15k, the seller was looking for more. 108 Sports Car Market

Page 107

Silver Auctions Fountain Hills, AZ mission, but this is one ugly puppy. Cond: 5. SOLD AT $2,160. A true rat rod. Who knows what's missing, but if you have a lot of time and money and really love old Mercurys, here's a cheap start. #70-1956 CHEVROLET BEL AIR 2-dr hard top. S/N 560015028. Blue & cream/teal/ green & white vinyl. Odo: 22 miles. 350-ci V8, 4-bbl, auto. Reported to be a frame-up restoration. Heavy paint everywhere, including the ID the details were a world away from show quality. Likely a stunner at the drive-in, and well sold at just over market for condition. #549-1963 STUDEBAKER AVANTI coupe. S/N 63R1274. Gold/white vinyl. Odo: 26,881 miles. 289-ci V8, 4-bbl, auto. Body and paint showing their age, chrome thin, interior decent but worn. Thin whitewall tires yellowing, original hubcaps still show well. Cond: 4. SOLD AT $12,420. A worn, repainted, but plates. All rubber goods aging, engine compartment done with a rattle can. Chrome appears to be original and still shows relatively well. Cond: 3-. NOT SOLD AT $30,000. This car had a good look, but a number of details were still needed. This bid was under the money for an example in this condition, but not by much. The seller was smart to wait for another day. #349-1957 BUICK ROADMASTER 2-dr hard top. S/N 74437808531. Red/red cloth. Odo: 64,763 miles. Fitted with power steering, power brakes, and a/c. Red metallic paint with ghost flames is stunning, body and trim is better than new. Outstanding redone interior. Cond: 2. collectible period car. Lots of the metal bits were starting to rust and all the soft parts were nearing the end of their life. You'd have to love this to bring it back to life, as it would be hard to get your labor and money back after completing the needed restoration. #389-1965 CHEVROLET IMPALA SS 2- dr hard top. S/N 166375S204334. Green/white vinyl. Odo: 7,492 miles. 327-ci V8, 4-bbl, auto. Good body and chrome, fair repaint in stock color, good original interior. Engine compartment clean, but not entirely original. Cond: 3. NOT SOLD AT $23,000. This frame-off restorod was a show winner, but the builder went chrome crazy under the hood. A ton of time and money clearly went into the restoration, but as we all know, that doesn't necessarily mean much when it's time to sell... especially when it comes to customs. In this market, the $23k offered should have taken it home. #109-1958 FORD THUNDERBIRD convertible. S/N H8YJ125629. Black/white vinyl/red & white vinyl. Odo: 56,966 miles. 312-ci V8, 4-bbl, auto. Body and paint good for a driver, with some light marks here and there. New wide whitewalls on wire wheels, chrome redone to a decent standard. Body straight and solid, lightly soiled top. Cond: 3. SOLD AT $25,110. A delightful old driver, and although the well-done black paint had a great look to it, April 2009 5-speed manual, and original 3.08 Positraction rear end. Flared rear wheelwells, highly prepped body, smooth paint. Replacement trim and chrome, loose door handles on both sides. Full replacement interior, with fresh leather seats and new door panels. Cond: 2-. SOLD AT $52,920. An auction frequent flyer, as last year it was a no-sale at ICA's Gilbert auction in January at $42k. This year, it bucked the overall market downturn, the specific downturn in resto-mods, and re-run-itis. Sold well. #267-1965 CHEVROLET CORVETTE SOLD AT $17,424. Last seen at Mecum's St. Paul sale in June '01, where it failed to sell at $7,250 (SCM# 23487). Strange combination of the SS package with a three-speed on the column. A well-preserved plain vanilla '65. Well sold. #386-1964 CHEVROLET CORVETTE coupe. S/N 40837S103579. Daytona Blue/dark blue vinyl. Odo: 43,951 miles. 327-ci V8, 4bbl, 4-sp. Average quality older repaint with some light scratches and a few polishing swirls. Light hinting of bonding strip broadcasting lines in the body, all original bumpers and trim Custom convertible. S/N 194675S105886. Red/red hard top/black leather. Odo: 61,281 miles. 350-ci V8, 4-bbl, 4-sp. Body has several cracks along front fender bonding strips, corners of headlight openings, and above doors. 1964 hood sits significantly lower in the front. Older repaint heavily buffed, brightwork worn. Replacement soft top with heavier yellowing at backlight. Rear main seal leaking enough to cause a trail through the staging lanes, across the block, and back. Replacement leather seats with moderate wear. Cond: 4. NOT SOLD AT $32,000. A no-sale again on Monday at $26k. While looking at it again on Sunday (sort of like an imminent train wreck... you've just gotta 109 with some light crazing. Door handles have a loose fit, door gaps slightly wider at the rear than at front. Door glass is very heavily scuffed in the lower rear corners—almost like it was sanded. Recently cosmetically detailed engine. Older replacement seat vinyl, door panels, and newer carpeting are all showing mild wear. Cond: 3-. NOT SOLD AT $24,000. Turnkey ready and without stories. Sure, it's a '64 with the base-level motor and basically no options, but hey, it should pull more than $24k, ugly economy or not. It may not be worth a whole lot more, but for under $30k, there's money on the table. #77-1965 CHEVROLET CORVETTE Custom coupe. S/N 194375S117337. Red/ black vinyl. Odo: 51,447 miles. 502-ci V8, 2x4bbl, 4-sp. “Tastefully modified” from an original 396 coupe in Ermine White with saddle vinyl interior. Crate 502 big-block with dual Holley 650 double-pumpers, MSD ignition, Richmond

Page 108

Silver Auctions Fountain Hills, AZ buffed door jambs and some well done rattlecan detailing under the hood. This was a strong bid in this market, and the seller might have thought twice about it. #366-1967 PONTIAC LEMANS 2-dr hard top. S/N 2371777120082. Blue/white vinyl/black vinyl. Odo: 22,236 miles. 326-ci V8, 4-bbl, auto. Body and paint fair, some rushed prep visible in places. GTO hood, dual look), I overheard a consignor mutter: “Well, if I can get it cheap enough... naw.” He convinced himself what most everyone already knew: You can't get this cheap enough to come out right. No doubt about it, this rag-bag earns the notso-coveted Second Annual “Hide Under Your Chair from the Ticking Time Bomb” Award. Just make sure it's a metal chair, as there'll be a lot of hot oil flying. #358-1966 CHEVROLET IMPALA con- vertible. S/N 164676Y228428. Gold/white cloth/gold vinyl. Odo: 93,691 miles. 396-ci V8, 4-bbl, auto. Nice body and recent gold paint, chrome and aluminum trim fading. Good exhaust. Original fading chrome and trim, decent interior fitted with buckets, console, and his and hers shifter. Cond: 4. SOLD AT $8,100. The seller stated that the car had covered only 200 miles since a complete engine rebuild, but the engine compartment looked a bit too dingy for that. A fair bargain at $8,100. #356-1968 CHEVROLET CAMARO convertible. S/N 24678L344017. White/white vinyl/red vinyl. Odo: 13,376 miles. 327-ci V8, 4-bbl, auto. Exterior in good shape, with nice paint, good chrome, and very good body fit and finish. Fitted with Rally Sport package including hideaway headlamps and separate reverse original interior. Optioned with power windows and cruise control. Cond: 3. NOT SOLD AT $19,500. A nice original car, but the door posts were beginning to rust and the seats were showing lots of daily wear. It's typical of a '66 car with a new paint job, but lots of buyers in this market are looking for a good original with the patina of time. A slightly under-market bid for condition and options. #534-1967 CHEVROLET NOVA 2-dr hard top. S/N 118377W179060. Red/black vinyl/red vinyl. Odo: 470 miles. 327-ci V8, 4-bbl, auto. Smooth body and paint, nice vinyl top without lumps. Comes with original window sticker and Protect-O-Plate. Claimed lamps. Nice top, interior worn. Cond: 3. NOT SOLD AT $37,000. This car had lots of rattlecan detailing, a weather-worn dash, and the door striker plates were painted over with rust sneaking in. The interior showed some vinyl dye overspray on the trim, but even so, it came off as a nice amateur restoration. This bid was well over the top for this car's condition, and the seller should have taken the money. #533-1968 CHEVROLET CAMARO convertible. S/N 124678N409488. Red/white cloth/white houndstooth vinyl & cloth. Odo: 12,201 miles. 396-ci V8, 4-bbl, auto. Fitted with power steering, brakes, windows, and 8track tape player. Paint seems to be original and is in fair to poor condition, nose stripe in nonoriginal oh-so-'70s multiple colors. Interior shows typical wear, top lightly soiled. Cond: 2-. NOT SOLD AT $38,000. Other than the tape stripe, this appeared to be an unmolested original big-block Camaro convertible with all the bells and whistles. The money bid was certainly reasonable in this market, but the seller felt otherwise. #279-1970 CHEVROLET NOVA 2-dr sedan. S/N 114270W238788. Silver/black vinyl/black vinyl. Odo: 694 miles. 350-ci V8, 4-bbl, auto. Older repaint fair, with some swirl marks and a few chips. Interior features aftermarket replacement components but was not done to a high standard. Engine compartment of a driver, with quickie paint and reproduction hood insulation. Engine features MSD ignition, cast aluminum finned valve covers, Edelbrock carburetor, and headers. Aftermarket plussized wheels and low-profile tires. Cond: 3. NOT SOLD AT $10,000. This car was a clean driver, and many typical hot rod tricks had been performed, including an old tach mounted to the steering column. This was not especially notable in any specific category, and $10k would have been a fair price in this market. #323-1973 PLYMOUTH SCAMP 2-dr hard top. S/N VH23C3B274518. Orange & black/black vinyl/black vinyl. Odo: 63,362 miles. 340-ci V8, 3x2-bbl, auto. A “what if” performance car. Body straight under well-done orange repaint, good chrome and stripes. Engine compartment clean with Mopar bits, interior original mileage and original drivetrain, excellent original interior. Cost $3,233 new, with the 275-hp option adding an extra $192. Cond: 2. NOT SOLD AT $33,000. A nearly perfect driver that was not overdone other than its 110 features three aftermarket gauges set in dash and a large tach mounted to the console. Cond: 2-. SOLD AT $19,440. Just over 53,700 Scamps were built in '73, none of them with a Six Pack 340... this car was delivered new with a 225-ci slant six. Someone decided to make their own Sports Car Market

Page 109

low-buck Mopar muscle car, and while that usually doesn't bring much of a return when it's time to sell, it did here. Well sold. #87-2004 CHEVROLET CORVETTE Commemorative Edition convertible. S/N 1G1YY32G545129635. LeMans Blue/shale cloth/shale leather. Odo: 30,281 miles. 5.7-liter 350-hp fuel-injected LS1 V8, auto. Memory Package, auto-dimming mirrors, and performance rear axle. Mostly good original paint, resprayed nose and tail. Original Goodyear radials down to wear bars, light curb rash on all rims. Good original top with light weathering and wrinkling, light wrinkling of driver's seat leather, light steering wheel rim soiling. Stock radio replaced with aftermarket CD and DVD unit, subwoofer fitted into left rear storage compartment. Cond: 3+. NOT SOLD AT $25,500. The consigning dealer kept quoting from a price guide that must have been a year old, as he suggested that a #1 value car should bring $38,600, and that's not the current figure. Never mind that this was not a #1 condition car. In an ideal world, this would be close to $30k, but the market isn't exactly ideal these days. While this bid was a little weak, by the end of the weekend the asking price was a more realistic $29k. Too bad it was a bit too late. #520-2007 CHEVROLET CORVETTE coupe. S/N 1G1YY26U075121229. Black/ black leather. Odo: 28,585 miles. 6.0-liter 400-hp fuel-injected V8, auto. One-owner non-dealer consignment with all documentation since new. Still under factory warranty. Optional paddle-shift automatic, tinted Lexan roof panel, and navigation. Paint with light nicks and polishing swirls. Nearly blemish-free interior, with only light wear on the driver's seat side bolster, carpeting around pedals, and steering wheel rim. Cond: 2-. NOT SOLD AT $35,000. This consignor must have tried to trade in his C6 and been unhappy with what they were going to give him. While I appreciate the tip of the hat with the owner posting the Kelley Blue Book suggested price for this car (as I am an advisor for them), he actually posted the high retail price instead of average wholesale, which would have been more like it around here. Between this bid and the pitiful $28k bid on Sunday, he might want to just go back to the dealer. ♦ April 2009 111

Page 110

eBay Motors Online Sales Pimpmobiles Perfect for the diminutive entertainer who rolls with the prefix “Lil'.” If you find someone who'd pay $6,500 for this, I'd think he would have paid $8,500 Report by Geoff Archer Market opinions in italics them wrong. T Condition inferred from seller's descriptions; cars were not physically examined by the author. All quoted material taken from the eBay listings. (sf=seller's feedback; bf=buyer's feedback) #250351093416-1983 ROLLS-ROYCE SILVER SPIRIT Custom roadster. S/N SCAZS42A9DCX06510. Burgundy & flames/ white leather. Odo: 45,000 miles. 10 Photos. Tulsa, OK. “Love it or hate it, you can't ignore it! $10k custom candy metal flake paint with flames... Just about anything that can be gold plated was. Southern California car with no rust. Over $60k spent creating one of the wildest cars around. Runs great, transmission shifts smoothly, hydraulic brakes work well. Tires are like new. Over $2,000 spent in the last year on new parts and service. No top, but would you really want to drive this with the top up anyway?” 18 bids, sf 224, bf 0. Cond: 3. SOLD AT $14,250. There are probably several thousand fathers reading this who might disagree with the seller's suggestion that this Roller is “Perfect for... wedding drive-offs” (wedding drive-bys is more like it). But even they would have to agree that it is probably perfect for something. What would the Bhagwan do? Finding out for anything this side of $20k seems like money entertainingly well spent. #280287808042-1971 MERCEDES-BENZ 280 SE 3.5 cabriolet. S/N 11102712002833. Coral Red Metallic/tan canvas/palomino leather. Odo: 67,866 miles. 48 Photos. Fayetteville, GA. “1 of only 1232 W111.027 3.5 Cabriolets ever made! Rarer than the legendary 300SL Gullwing. I'm the 2rd owner.” (How do you pronounce that number?) “The 112 Sports Car Market Original owner made it his goal to accumulate enough new parts to make this one of the nicest in the World. Recently a full restoration was completed” 33 bids, sf 187, bf 21. Cond: 2+. SOLD AT $119,000. Although the restoration sounded very thorough, the seller failed to mention the involvement of a marque expert like, say, Jurgen Klockemann. Therefore I have to call it fully priced. #260280559384-1954 MERCURY XM- 800 Prototype coupe. White/white & brown leather. Odo: 5 miles. 21 Photos. Highland Park, IL. 1 of 1. Concept car “designed for and shown in all of the 1954 auto shows. Entirely made out of fiberglass. Most trim made out of fiberglass that was chrome plated - quite a trick for 1954!” Needs full restoration. Retains “original paint on the upper and lower parts of the car so that the colors can be matched... hey say that pimpin' ain't easy, but a stylish ride from this month's collection might just prove still has the original leather interior which is dried out but excellent for making patterns and matching colors. Extensive documentation. 1 Buy-It-Now purchase, sf 146,bf 323. Cond: 4. SOLD AT $315,500. Fun to think about, but this sale looks like little more than a concept in itself. While I don't doubt that even in this condition such a special car would be worth six figures, I can't get past the unlikelihood that someone would Buy-It-Now without a multi-party bidding war run up. I could be wrong, of course, and the seller did rate the buyer six days after the close. In that case, I say well sold. #230308695985-1959 CADILLAC ELDORADO Biarritz convertible. S/N 59E044103. Metallic teal/white vinyl/white leather. Odo: 1,000 miles. 21 Photos. “Chicagoland,” IL. “This 1959 Cadillac Eldorado was found unrestored with bucket seats and received a ‘body off' restoration several years ago and was restored to a 99 point car. The car is in fabulous condition both cosmetically & mechanically.” Fewer than 1k miles on restoration. 1 Buy-It-Now bid, sf 136, bf 0. Cond: 2. SOLD AT $138,500. Older no-name restoration means this car will never pull the top dollar that fresher, more pedigreed cars like SCM# 117380 ($231k, August '08) will. But it certainly does look nice enough to have been called a bargain anywhere this side of the Black Book's $195k guidance. Very well bought. #130263275327-1961 CONTINENTAL SWB coupe. LINCOLN S/N 2Y82H401304. Metallic gray/black vinyl/black leather. Odo: 57,211 miles. 24 Photos. Holyoke, MA. Third owner of ten years says, “This car may well be the only one of it's kind... 2 door, 2 passenger Coupe custom built by the Derham Body company of Rosemont, Pennsylvania... built

Page 111

Fresh Meat for Lincoln as a prototype and was exhibited principally at car shows... and has won dozens of awards including a number of best of shows.” $5k paint in '01. Tiny rust spots at right rocker and C-pillar. New $2,500 transmission. 0 bids, sf 221. Cond: 2-. NOT SOLD AT $28,000. Big asking price, small pimpin' experience. Rust under recent paint suggests poor prep that will likely erupt elsewhere. And that suggests this Buy-It-Now was well avoided at two to three times an appropriate transaction price. #200140482694-1976 CHEVROLET MONTE CARLO Custom Cloud coupe. S/N 1H57U6B524425. Silver/burgundy leather. Odo: 19,632 miles. 8 Photos. Axton, VA. Still on MSO. “In 1976 a company in Florida was making kits to be installed by Chevrolet dealers that customized a Monte Carlo into a Rolls Royce Silver Cloud look alike. There were only 200 kits made and around 130 installed before Rolls Royce stepped in with a cease and desist order. This Custom Cloud was bought by us in environment.” 34 bids, sf 136, bf 451. Cond: 1. SOLD AT $47,900. Verifying the ultra-low mileage is key here. This car traded at about three times what a 25,000-miler or twice what a 2,500-miler would pull. This is correct, but again, only because the condition is impossible to replicate. #110173873793-1978 CADILLAC SEVILLE SWB Milan coupe. White/white vinyl/. Odo: 116,000 miles. 20 Photos. Atlanta, GA. One of 30 made, “AND AS FEW AS 10 WITH A ELECTRIC MOONROOF!.” Paint looks very nice for its age. “New Quarter Top... All the chrome and emblems are in Excellent Shape... 20in Dayton Wire Wheels on New Tires.” New interior, “Including Custom Online sales of contemporary cars. 2008 Ferrari 599 GTB Date sold: 02/02/2009 eBay auction ID: 180323907916 Seller: Universal Autosports, Glen Cove, NY, www.universalautosports.com Sale Type: Used car, 1,982 miles VIN: ZFFFC60A780158880 Details: Nero Black over black leather. 20″ Monolithic Challenge wheels, 15″ carbon ceramic rotors Sale result: $310,000, 1 bid, sf 0, bf 1. MSRP: $352,373 Other current offering: Continental Autosports, Hinsdale, IL, www.continentalautosports.com, asking $339,900 for a gray/tan car with 2,745 miles. 2009 BMW X6 xDrive 50i 1982 from the Chevrolet dealership in Kinston NC that installed the kit... paint in excellent condition. All chrome is in good condition. Interior shows some wear.” 1 bid, sf 7, bf 123. Cond: 2. SOLD AT $7,500. Buyer is a pentagenerian SCMer who freely admits hating these things with a passion when new. Although he's conscious of the hypocrisy, I now get the sense that he is more proud of “the only Silver Cloud on MSO” than he is of his '38 Brunn Lincoln. How can you price such catharsis? $7,500 seems like a deal by $3k–$5k. #120324556739-1976 ELDORADO convertible. CADILLAC S/N 6L67S60219524. Metallic red/white canvas/white leather. Odo: 25 miles. 20 Photos. Marlboro, NJ. “The BEST and Most Beautiful 1976 Cadillac Eldorado Convertible in existance. Purchased new by a small bank in California. The bank displayed the car in its lobby with the top down for over 20 years. The bank was eventually taken over by a bigger bank and the car was sold [to an] auto museum in North Carolina, where it was on display until the owner died. I purchased this auto 6 years ago and just like its previous owners, kept it in a climate controlled Dash Cover, Headliner, Carpet, Door Panels, Seats, Rails and Even the Trunk Carpet was replaced! Engine was recently replaced, I have receipts!” 1 bid, sf 2, bf 2. Cond: 3. SOLD AT $6,500. Perfect for the diminutive entertainer who rolls with the prefix “Lil'.” (Lil' Keith's SCM Insider Seminars, anyone?) Short on wheelbase but long on style, I thought this could've brought a couple grand more. I mean, seriously, if you find someone who'd spend $6,500 on this, I'd think he would've paid $8,500. #140263513930-1993 EXCALIBUR Series VI roadster. S/N 1XARF2328PM931557. White/white vinyl/white leather. Odo: 6,700 miles. 32 Photos. Owensboro, KY. (Enya music plays while you view the auction. My involuntary conditioned response to Enya is to post up and defend overhead bin space for my carry-on luggage... but I digress.) “Excalibur built 3166 Date sold: 02/04/2009 eBay auction ID: 270337787971 Seller: Bell Auto Group, Newton, NJ www .bellbmw.com Sale Type: New car, in stock VIN: 5UXFG83559LZ93226 Details: Black Sapphire Metallic over Black Nevada leather. Premium Package w/ Nav, Soft Close automatic doors Sale result: $80,000, 1 “Best Offer” bid, sf 338, bf 2. MSRP: $81,620 Other current offering: United BMW, Gwinnett, GA, www.gwinnettbmw.com, asking $83,120 for black/tan car. 2009 Shelby GT500 KR cars between 1965 and 1989. This is a super rare 1993 model.” (!) “Hand-built in Milwaukee, this white head-turner epitomizes grace and power. This all original car is as new and in mint condition.” 1 Buy-It-Now purchase, sf 824, bf 0. Cond: 2+. SOLD AT $115,000. Seller thinks “this car would cost near $200,000 to build today.” I think it's hard to believe a seller when the car in question is bought for about double the nearest (preposterous) comparable example ($65k, SCM# 41640, May '06) and about five times more than a reasonable person might expect. ♦ April 2009 Date sold: 01/27/2009 eBay auction ID: 370144916773 Seller Type: Ford Dealer Seller: Wayne Akers Ford, Lake Worth, FL, www.wayneakersford.com Sale Type: New car, in stock VIN: 1ZVHT88S995138471 Details: Ebony Black w/gray stripes over Charcoal Black. 5.4L V8, 500hp, $35,665 KR package Sale result: $81,855, 1 “Buy-It-Now” bid, sf 27, bf 5 MSRP: $80,000 est. Other current offering: Route 23 Automall Ford, Butler, NJ, www.23automall.com, asking $80,820 for silver car w/blue stripes. ♦ 113

Page 112

ArizonA recAp ■ The Numbers Arizona: The Top 200 Sales Rank Sold Price Model $1,375,000 1929 Duesenberg Model J Dual Cowl Phaeton 5 $1,320,000 1937 Bentley 4¼-Liter Fixed Head Sport Coupe 6 7 8 9 $3,520,000 1937 Talbot-Lago T150C SS Teardrop Coupe 3 $2,970,000 1932 Daimler 40/50 Double Six Sport Saloon 4 1 $4,950,000 1960 Ferrari 250 GT LWB California Spyder 2 $1,265,000 2003 Ferrari Enzo Coupe $1,210,000 1929 Ford 4-AT-E Tri-Motor Airplane 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 Auction & Lot G&C, #78 G&C, #23 G&C, #39 G&C, #9 G&C, #62 G&C, #61 B-J, #1307 $1,089,000 1933 Isotta Fraschini Tipo 8A Dual Cowl Sports Phaeton G&C, #43 $946,000 1938 Mercedes-Benz 540K Sport Cabriolet $918,500 1967 Ferrari 275 GTB/4 Coupe $880,000 1954 Dodge Firearrow III Sports Coupe Concept Car $880,000 1936 Hispano-Suiza J12 Convertible Victoria $858,000 1929 Duesenberg Model J Convertible Coupe $836,000 1929 Duesenberg Model J Clear Vision Sedan $825,000 1937 Delage D8-120 Aerosport Coupe $797,500 1912 Rolls-Royce 40/50hp Silver Ghost Tourer $704,000 1963 Ferrari 250 GTL Lusso $660,000 1955 Mercedes-Benz 300SL Coupe $660,000 1955 Ford Thunderbird Convertible “Production #1” $632,500 1931 Cadillac 452A V16 Sport Phaeton $616,000 1984 Ferrari 288 GTO Coupe $605,000 1931 Chrysler CG Imperial Dual Cowl Phaeton $594,000 1932 Stutz DV-32 Super Bearcat $551,100 1970 Plymouth Superbird Custom Replica $550,000 1964 Ferrari 250 GTL Lusso Coupe $550,000 1956 Mercedes-Benz 300SL Coupe $550,000 2006 Chevrolet Monte Carlo NASCAR Jeff Gordon $522,500 1996 Buick Custom “Blackhawk” $495,000 1964 Shelby Cobra 289 Roadster $484,000 1937 Cord 812SC Convertible Coupe $473,000 1935 Cadillac V16 Imperial Convertible Sedan $467,500 1955 Mercedes-Benz 300SL Coupe $467,500 1965 Shelby Cobra 289 Mk II Roadster $440,000 1966 Alfa Romeo Giulia TZ-1 Coupe $440,000 1934 Rolls-Royce Phantom II Continental $440,000 1970 Plymouth Hemi 'Cuda 2-Door Hardtop $429,000 1992 Ferrari F40 Coupe $412,500 1962 Pontiac Catalina Super Duty 2-Door Hardtop $412,500 2009 Ford Mustang FR500 CJ Prototype #1 $412,500 2005 Saleen S7 Twin Turbo Coupe $407,000 1970 Ford Mustang Boss 302 TransAm Race Car $401,500 1937 Cord 812 Supercharged Phaeton $396,000 1936 Bugatti Type 57 Pillarless Coupe $390,500 1971 Dodge Hemi Challenger R/T 2-Door Hardtop $385,000 1966 Ferrari 275 GTS Convertible $385,000 1961 Ferrari 250 GT SII Cabriolet $385,000 2010 Chevrolet Camaro Coupe 1st Production G&C, #90 RM, #167 RM, #170 G&C, #47 RM, #152 G&C, #34 RM, #132 G&C, #27 G&C, #37 R&S, #S705 B-J, #1295 G&C, #13 G&C, #4 G&C, #28 RM, #151 B-J, #1289 RM, #178 G&C, #96 B-J, #1274 B-J, #1303 R&S, #S708 RM, #180 RM, #148 RM, #164 RM, #185 G&C, #33 G&C, #30 R&S, #S704 RM, #200 R&S, #SN825 B-J, #1333.1 B-J, #1305 G&C, #87 R&S, #S713 G&C, #18 R&S, #F520 RM, #194 G&C, #81 B-J, #1316 Rank Sold Price Model 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 $375,000 1959 Ferrari 250 GT Series II Cabriolet Auction & Lot RM, #125 $375,000 1933 Rolls-Royce Phantom II Continental Sedanca Coupe RM, #192 $368,500 1961 Mercedes-Benz 300SL Roadster $352,000 1934 Packard 1108 Twelve Sport Phaeton $352,000 1915 Stutz Model 4-F Bulldog Demi-Tonneau $341,000 1971 Plymouth Hemi 'Cuda 2-Door Hardtop $330,000 1947 Chrysler Town & Country Sedan Big Red $330,000 1933 Marmon Sixteen Convertible Sedan $330,000 1929 Rolls-Royce Phantom I Ascot Sport Phaeton $330,000 1935 Voisin C25 Clairière Berline $319,000 1934 Auburn Twelve Salon Phaeton Sedan $319,000 1969 Chevrolet Camaro ZL1 COPO Coupe $308,000 1971 Lamborghini Miura P400 S Coupe $297,000 1929 Graham-Paige Dual Cowl Phaeton $297,000 1969 Chevrolet Camaro Yenko COPO Coupe $286,000 1973 Ferrari 365 GTB/4 Daytona Coupe $286,000 1989 Chevrolet Corvette DR-1 Convertible $280,500 1952 Delahaye 235 Drophead Coupe $275,000 1933 Packard 1005 Twelve Touring $275,000 2004 Chevrolet Monte Carlo SS NASCAR #8 $275,000 1931 Chrysler CG Imperial Dual Cowl Phaeton G&C, #20 G&C, #56A G&C, #29 R&S, #F518 RM, #191 RM, #156 RM, #129 G&C, #35 RM, #154 B-J, #1277.1 RM, #133 RM, #146 B-J, #1278 G&C, #17 B-J, #1218 RM, #208 G&C, #49 R&S, #S696 B-J, #1271 $275,000 2008 Dodge Viper SRT-10 50th Anniversary Hurst Coupe B-J, #1328 $264,000 1934 Packard Super Eight Convertible Victoria $264,000 1935 Auburn 851 Boattail Speedster $258,500 1955 Chevrolet Newmad Street Rod Wagon $258,500 1953 Allard J2X Roadster RM, #149 G&C, #6 RM, #201 G&C, #68 $258,500 1969 Chevrolet Camaro RS/SS NASCAR Pace Car Convertible R&S, #F524 $253,000 1950 Allard J2 Roadster RM, #169 $250,000 1960 Maserati 3500 GT Vignale Spyder $247,500 1971 Dodge Hemi Challenger R/T 2-Door Hardtop $242,000 1957 Mercedes-Benz 300SL Roadster $231,000 1932 Cadillac 452B V16 All-Weather Phaeton $220,000 1959 Chevrolet Corvette 283/245 Convertible $220,000 1932 Ford Deluxe Boyd Coddington Custom Coupe $220,000 1993 Jaguar XJ220 Coupe $220,000 1923 Oldsmobile Custom Touring Roadster $216,700 1967 Shelby GT500 E “Gone In 60 Seconds” $214,500 1970 Ford Mustang Boss 429 Fastback $209,000 1970 Ford Mustang Boss 429 Fastback $203,500 Deco Rides Bugnotti Roadster $203,500 1947 Steyr-Allard Alloy Monoposto $198,000 1949 Alfa Romeo 6C 2500 Super Sport Coupe $198,000 1940 Packard 120 Station Wagon $198,000 1989 Chevrolet Corvette ZR-1 Coupe $198,000 1955 Chevrolet Nomad Custom Wagon R&S, #S758 R&S, #S702 G&C, #69 G&C, #22 B-J, #1019 B-J, #1282 B-J, #1290 B-J, #397.2 $220,000 1967 Plymouth Barracuda West Coast Customs 2-Dr Hardtop B-J, #1306.2 $220,000 1966 Shelby GT350 Fastback B-J, #1271.1 B-J, #1317 R&S, #F513 B-J, #1319 G&C, #38 B-J, #1304 RM, #174 G&C, #53 B-J, #1230.4 B-J, #1255 114 Sports Car Market

Page 113

Rank Sold Price Model 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 $198,000 1969 Ford Mustang Boss 429 Fastback Drag Car $198,000 1970 Plymouth Hemi 'Cuda 2-Door Hardtop $192,500 1930 Packard 740 Custom Eight Sport Phaeton $192,500 1955 Mercedes-Benz 300Sc Coupe $192,500 1967 Shelby GT500 E Fastback $187,000 1934 Buick Series 90 Convertible Coupe $187,000 1930 Packard 745 4-Passenger Phaeton $184,800 1970 Oldsmobile 442 W30 Convertible $183,700 1969 Ford Mustang Boss 429 Custom Fastback $181,500 1936 Cord 810 Convertible Coupe $181,500 1930 Cord L-29 Cabriolet $181,500 1933 Pierce-Arrow Twelve Convertible Sedan $181,500 1972 Mercedes-Benz 280SE 3.5 Convertible $181,500 2007 Chevrolet Monte Carlo NASCAR Tony Stewart $181,500 1967 Ghia 450 SS Convertible $178,750 1934 Packard Super Eight Coupe Roadster $176,000 1957 Dual-Ghia Convertible $176,000 1967 Chevrolet Corvette 427/430 Convertible $176,000 1989 Chevrolet Corvette ZR-1 Coupe “Snake Skinner” $176,000 1954 Kaiser-Darrin Sports Car Roadster $170,500 1942 Packard Super Eight 160 Convertible Victoria $165,000 1962 Kurtis Aguila Race Car $165,000 1959 BMW 503 Coupe $165,000 1970 Dodge Challenger 440/6 2-Door Hardtop $165,000 1957 Ferrari 250 Testa Rossa Replica $165,000 1963½ Ford Galaxie Lightweight 2-Door Hardtop $165,000 1956 Porsche 356 Speedster $165,000 1957 Chevrolet 150 2-Door Sedan $165,000 1966 Chevrolet Batmobile Replica $165,000 1969 Chevrolet Camaro Custom Coupe $165,000 1963 Chevrolet Corvette 327/360 FI Coupe $165,000 1967 Chevrolet Corvette LS7 Custom Coupe $165,000 1968 Shelby GT500 KR Fastback $165,000 1968 Shelby GT500 KR Convertible $162,250 1947 Ford Super DeLuxe Sportsman Convertible $159,500 2001 Cadillac LMP #8 Prototype Race Car $159,500 1993 Chevrolet Camaro ZL1 572 Custom Coupe $159,500 1937 Packard 120 Phaeton $156,200 1968 Shelby GT500 KR Fastback $156,200 1971 Plymouth 'Cuda Custom 2-Door Hardtop $154,000 1992 Jaguar XJ220 Coupe $154,000 1965 Chevrolet Chevelle Malibu SS Z16 2-Door Hardtop $154,000 1967 Chevrolet Corvette 427/390 Convertible $152,900 1971 Buick GS 455 Convertible $151,250 2006 Ford GT Coupe $150,700 1990 Chevrolet Corvette Active ZR-1 Coupe Prototype $150,000 1934 Buick Model 91 Club Sedan $150,000 1970 Plymouth Hemi 'Cuda 2-Door Hardtop $148,500 1950 Mercury Custom Bob Hope Special $148,500 2006 Spyker C8 Spider $148,500 1932 Ford Good Guys F-32 Street Rod $148,500 1971 Mercedes-Benz 280SE 3.5 Convertible $148,500 1962 Chevrolet Corvette 327/360 FI Convertible Auction & Lot B-J, #1283 B-J, #1262 G&C, #84 B-J, #1284 B-J, #1343 RM, #137 RM, #199 R&S, #S716 B-J, #1270.1 RM, #139 RM, #187 RM, #150 G&C, #50 B-J, #1575 B-J, #1264 RM, #145 RM, #168 B-J, #1247 B-J, #396.1 B-J, #1254 RM, #210 RM, #198 R&S, #S699 R&S, #F511 R&S, #F519 R&S, #F531 R&S, #S695 B-J, #984 B-J, #1247.1 B-J, #1049 B-J, #1260.1 B-J, #1318 B-J, #1248 B-J, #1285 RM, #165 B-J, #1607 B-J, #902 B-J, #1308 R&S, #F528 B-J, #1256 RM, #123 R&S, #S711 B-J, #1337 B-J, #1010 R&S, #TH320 B-J, #82 G&C, #88 G&C, #42 RM, #186 G&C, #8 R&S, #S714 R&S, #S717 B-J, #1012 Rank Sold Price Model 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 $148,500 1997 Chevrolet Monte Carlo Intimidator Show Car $148,500 1933 Ford 3-Window Custom Coupe “Rusty Wallace” $148,500 1968 Shelby GT500 KR Convertible $145,200 1967 Chevrolet Corvette 427/400 Coupe $143,000 1954 International R-140 4x4 Station Wagon $143,000 1937 Packard Super Eight Convertible Sedan $143,000 1999 Lamborghini Diablo SV Coupe $143,000 1955 Chevrolet Bel Air Custom 2-Door Hardtop $143,000 1967 Chevrolet Corvette 427/435 Convertible $143,000 2010 Ford F150 SVT Raptor Pickup $139,700 1966 Chevrolet Corvette 427/390 Convertible $138,600 1980 Ferrari 512 BB Coupe $137,500 1953 Cadillac Eldorado Convertible $137,500 1957 Pontiac Bonneville Fuel-Injected Convertible $137,500 1956 Porsche 356 Speedster $137,500 1967 Chevrolet Corvette 427/435 Convertible $137,500 1963 Chevrolet Corvette 327/360 FI Coupe $137,500 1958 Chevrolet Corvette LS2 Custom Convertible $137,500 1964 Ford Galaxie 500 XL Custom 2-Door Hardtop $137,500 1970 Ford Mustang Boss 302 Fastback $137,500 1957 Ford Thunderbird Convertible $137,500 1970 Plymouth Hemi 'Cuda 2-Door Hardtop $137,500 1968 Shelby GT500 KR Fastback $135,000 1959 Arnolt-Bristol Deluxe Roadster $134,750 1931 Cadillac V12 5-Passenger Phaeton $134,200 1958 Chevrolet Corvette 283/290 FI Convertible $133,100 1966 Jaguar XJ13 Replica Coupe $132,000 1931 Cadillac V12 Roadster $132,000 1925 Rolls-Royce Silver Ghost Piccadilly Roadster $132,000 1967 Chevrolet Corvette 427/435 Coupe $132,000 1931 Stutz SV-16 Cabriolet Coupe $132,000 1966 Shelby GT350 Fastback $132,000 1969 Chevrolet Camaro Yenko COPO Coupe $132,000 1967 Chevrolet Corvette 427/390 Coupe $132,000 1932 Ford 3-Window Custom Coupe $132,000 1963 Ford Galaxie 500 XL 2-Door Hardtop Auction & Lot B-J, #83 B-J, #1577 B-J, #1253.1 B-J, #1261.1 RM, #119 RM, #124 R&S, #SN826 B-J, #1008.1 B-J, #1327 B-J, #1333 B-J, #1338 R&S, #F527 RM, #160 RM, #131 RM, #159 G&C, #5 B-J, #1263.1 B-J, #1255.1 B-J, #1281 B-J, #970 B-J, #1261 B-J, #1286 B-J, #1280.1 G&C, #7 RM, #138 B-J, #1246 R&S, #F529 RM, #157 RM, #155 G&C, #57 G&C, #40 R&S, #F525 B-J, #1277 B-J, #1249.1 B-J, #1272 B-J, #1573 $130,295 1965 Shelby Cobra Daytona Coupe Replica (Superformance) R&S, #F500 $129,800 1958 Chevrolet Impala Convertible $128,700 1956 Ford Thunderbird Convertible $128,700 1957 Ford Thunderbird Convertible $126,500 1937 Lincoln Convertible Victoria by Brunn $126,500 1962 Jaguar XKE 3.8 SI Convertible $126,500 1966 Shelby GT350 H Fastback $126,500 1969 Chevrolet Camaro Custom Coupe $126,500 1970 Plymouth 'Cuda 2-Door Hardtop $125,000 1948 Chrysler Town & Country Convertible $123,200 1925 Chevrolet House Car $121,000 1954 Porsche Sports Racing Special “The Pup” $121,000 1937 Cord 812 SC Phaeton $121,000 1959 Jaguar XK 150 S 3.4 Roadster $121,000 1967 Chevrolet Corvette 427/435 Convertible $121,000 1969 Chevrolet Camaro Custom Coupe $121,000 1968 Shelby GT500 KR Fastback R&S, #S693 B-J, #1024.1 B-J, #1025 RM, #144 G&C, #55 R&S, #TH322 B-J, #1344 B-J, #1336.1 G&C, #25 B-J, #60.2 RM, #204 G&C, #63 G&C, #16 R&S, #F533 B-J, #1255.2 B-J, #1269.1 April 2009 115

Page 114

Motobilia Carl Bomstead Signs of the Times Barrett-Jackson's six-day motobilia auction proves to be the best yet, with strong prices for quality items, along with some absolute bargains F or six days, prior to the automobile auctions each day, Barrett-Jackson offered a varied and interesting selection of automobilia. Signs, pedal cars, gas pumps, vintage service station equipment, and even a set of 1940s diner stools with the Cadillac emblem crossed the block. The selection continues to be refined, and the offerings at this year's event were the best yet. As at any auction, there were tomatoes and potatoes, and as the descriptions in the program left a bit to be desired, a first-hand inspection was a must if you wanted to avoid any surprises. For example, a phone bidder paid over $13,000 for a 1951 cookie-cutter Mobil Horse, which was about $10k more than it was worth, and to make matters worse, the head was heavily damaged. Throw in shipping and we are talking “silly money” from a potentially disappointed new owner. As a general statement, prices were strong and quality items brought serious money. Here are a few that caught my eye as I watched the proceedings from the second row each morning. (Condition rating is on a 1–5 scale, with 1 being the best.) impressive piece that sold well under the money. I doubt if you could restore one for this price. to the '30s and was in excellent condition, with a little porcelain loss at the mounting holes. Price paid was three times current market value, and the winning bid was from a phone bidder. LOT 5362— STUDEBAKER ERSKINE SERVICE PORCELAIN SIGN. Condition: 1. SOLD AT: $23,000. This double-sided porcelain sign was in excellent condition and measured 52″x28″. The Studebaker Erskine was manufactured between 1927 and 1930, so that easily dates the sign. The price paid was about four times any other sale we have seen for this sign, and while the condition justifies some of the premium, the rest is just plain silly money. LOT 5383—MOHAWK LOT 5380—1940s GULF OIL LUBRICATION SYSTEM. Condition: 1-. SOLD AT: $6,325. This lubrication system, manufactured by Lincoln, had been restored in Gulf livery. The restoration was over the top, as a unit in actual use in the service department would not have been pin-striped and so tricked out, but it still had a lot of eyeball. Will be an impressive piece displayed in a large car barn, and the price is not that out of line. TIRES TIN SIGN. Condition: 2. SOLD AT: $1,150. This distinctive sign was five feet long and finished with early crushed glass paint. It was in very acceptable condition, and normally anything with the image of an Indian sells for serious money. Not this time, as this was the bargain of the sale. It would have been more attractive with the frame painted black but still… this could have easily sold for four times what was paid here without raising an eyebrow. LOT 5479—HOOD TIRES DIECUT TIN SIGN. Condition: 2. SOLD AT: $3,450. These Hood Tire signs were offered in porcelain and tin and the earlier versions had the Hood man sporting a bow tie. All are very collectible and difficult to find in decent condition. This one was a steal and should have sold for twice what was paid here. The guy sitting next to me was willing to go that far but was unable to get the ring man's attention. part of General Motors in 1918. This distinctive logo was still in use in the early '50s. Price paid was on the strong side but not goofy money. LOT 5470—TEXACO LOT 5377—1935 CHRYSLER AIR FLOW IMPERIAL PEDAL CAR. Condition: 1-. SOLD AT: $3,105. Excellent restoration of the deco-designed Chrysler Airflow with the distinctive waterfall grille. Did not appear to have been manufactured by Steelcraft, as the grille and windshield were different from any of the four models they made. An 116 LOT 5386—UNITED LOT 5382—PACKARD SERVICE PORCELAIN SIGN, IN SHAPE OF RADIATOR. Condition: 1-. SOLD AT: $19,550. This double-sided Packard sign dates MOTORS SERVICE NEON SIGN. Condition: 2. SOLD AT: $7,475. One of the more desirable and iconic United Motors signs, this was in acceptable condition, with only a few touch-ups on the porcelain. The sign was four feet wide and the neon was in good working order. United Motors was founded by Billy Durant in 1916 and became MARINE LUBRICANTS PORCELAIN SIGN. Condition: 1. SOLD AT: $8,625. This sign, dated 1952, had wonderful graphics with all kinds of ships and boats featured. It measured 30″x15″, and a smaller version recently sold for close to $20k, so the price paid here was not out of line. Reproductions are plentiful, so before you spend your money on a deal that's way less than this (read “too good to be true”), think again. Sports Car Market

Page 115

a lot of interest. Price paid was in line, considering there were a few flaws on the surface. “The must-read magazine for Corvette collectors” LOT 5478—GREYHOUND TICKET OFFICE PORCELAIN SIGN. Condition: 1-. SOLD AT: $15,525. This double-sided die-cut sign was in amazing condition, with only the most minor of imperfections, and it sold for an equally amazing price. It was complete with the original hanging bracket. The sign was as good as it gets, and the fact that it had survived for over 70 years without something evil happening to it is a feat in itself. I've never seen one sell for this much, but then I've never seen one this nice, so I can't knock the final number. LOT 5485—RED HAT MOTOR OIL PORCELAIN MOTOR OIL THERMOMETER. Condition: 2-. SOLD AT: $9,200. This very cool 20″ thermometer dates to pre-1927, as that's when the courts forced Red Hat to change its logo. These are hard to find, but this one had some serious touch-up, so I'd say the price paid was a bit aggressive. LOT 5486.1—1938 BUICK LOT 5471—WAUSAU PISTON RINGS LIGHT-UP DISPLAY SIGN. Condition: 2. SOLD AT: $11,500. A colorful early point-of-sale, light-up display in very presentable condition. I don't recall seeing this one before, but that doesn't mean much. Again, anything with the image of an Indian usually ups the ante, and this one quickly went into the silly money category. I'd have thought $3,000 would be all the money, but anything can happen at an auction. PEDAL CAR BY AMERICAN NATIONAL. Condition: 1+. SOLD AT: $11,500. An incredible restoration of a unique pedal car. It had nine working lights, and the interior was finished with ostrich upholstery. Excellent paint and brightwork. Over-restored, if anything. Now just keep it away from the grandkids… One Year Corvette Market (4 issues), plus bi-weekly Corvette Insider's email newsletter, $29.95. Subscribe Today! Subscribe online at www.vettemarket.com or call 800.289.2819 LOT 5496—1954 LOT 5481—KELLY TIRES 24″ TIN SIGN. Condition: 2. SOLD AT: $5,750. There were numerous Kelly Tire girls, and in the earlier years they were affectionately called “Lotta Miles.” Any advertising with her image is desirable, and these signs, which rarely show up, generate April 2009 OLDSMOBILE MOTORAMA PORCELAIN SIGN. Condition: 3+. SOLD AT: $4,025. This large sign was a touch over eleven feet long. It was thought to have been displayed at the 1954 Motorama, but no documentation was offered. The blue background was faded a bit, which is not unusual on older signs. Perfect accessory for the Oldsmobile F-88 that sold a few years back for over $3m. ♦ 117

Page 116

Bike Buys Ducati 900 SS 1977 Ducati 900 SS Were the new owner to ride this bike, he'd discover the later 900 SS actually shares much of the excitement of the original 750 SS by John L. Stein covered a mere 1.7 miles from new. A true time capsule, this bike is a textbook example S of what Ducati was producing in the late 1970s. The bike is factory fresh in every detail, from the factory blue and yellow paint markings on the heads and the sticker from Roberto Ballanti still present on the windscreen, to the Borrani wheels wearing the original Michelin tires. Stickers affixed to the gauges in 1977 are still present, the wiring is bone stock, and a nearly untouched tool roll is tucked away nicely in a zippered compartment behind the seat. However, it should be noted that the engine does not turn. It is easy to understand why Mr. VanKregten ap- preciated this superb motorcycle. With its drilled disc brakes, powerful V-twin engine breathing through a Conti exhaust, and lightweight fairing and fenders, this is the ultimate 1970s superbike. A superb addition to any collection of sporting vehicles, this unbelievable Ducati deserves a close inspection to fully absorb all of its wonderful details. It should be noted that this motorcycle, like all the other motorcycles from the VanKregten Estate, has been in static storage for a number of years, and mechanical work will need to be done to assure its roadworthiness. SCM Analysis This motorcycle sold for $27,500, including buyer's premium, at Gooding & Company's auction of the Ron VanKregten Collection in Scottsdale, Arizona, on January 17, 2009. The 1975–82 bevel-drive Ducati 900 Super Sport is to the original 1974 750 SS “greenframe” as a 1967 Shelby GT350 is to the first-year 1965 GT350 model—close but no cigar. Although still a real bevel-drive Ducati Super Sport, in historical value, it's close in name only. That's because all the early 1972–74 750 “round case” models (including the GT, Sport, and Super Sport) are purer in intent and execution—and considerably more beautiful—than the “square case” model range that followed. Which is why, instead of the $100,000-plus an un- used '74 750 SS may well have commanded even in a down market, this never-ridden “new” bike traded for a quarter of the price. 6,000 of these were mass-produced While the 1977 900 SS is still unabashedly loud, powerful, and dramatic, it was mass-produced, whereas the original 750 Super Sports were entirely hand-built in Ducati's race shop. Compared to the 401 original 750 Super Sports, constructed in a single effort in early 1974, over 6,000 900 Super Sports were built over an eight-year period, after which the 864-cc bevel-drive engine was enlarged to 973 cc in its evolution to the short-lived final Mille model range. 118 Chassis number: 086982 The late Chip Miller of Carlisle Events fame took pride in his collection of original, unmolested Corvettes, and owning an undisturbed example of any great machine is a rare honor, because authenticity and history are always lost during glossy bid-bait restorations. But owning a genuinely new survivor like this 900 SS also presents another challenge. Unless you're cool with the value eroding during your custodianship, you can never use the machine. It's not that a few thousand miles will sap its mechanical capability; rather, it'll go from being one of a kind to one of many thousand, from king to commoner. Were the new owner to ride this bike, he'd discover Details Years produced: 1975–82 Number produced: 6,323 Original list price: $3,500 approx. SCM Valuation: $15,000–$35,000 Tune-up cost: $500–$700 Chassis #: Frame gusset behind clutch cover Engine #: Top of crankcase behind rear cylinder Club: Bevel Heaven PO Box 340 the later 900 SS actually shares much of the excitement of the original 750 SS. It is a highly responsive and mechanical-feeling motorcycle, with no allowances for comfort offered and no apologies extended for its wristcramping seating posture, high rear-set foot pegs, total lack of passenger accommodations, open carburetor bell-mouths, and barking Conti silencers. (The feds required later SS bikes to have smaller carburetors with enclosed air intakes, quieter Lafranconi pipes and left-side shifting, all items that eroded their credibility and which owners often ditched in favor of the purer earlier setup.) Concord, CA 94522-0340 More: www.bevelheaven.com; www.ducatimeccanica.com Alternatives: 1972–74 Ducati 750 Sport, 1973 Triumph X75 Hurricane, 1971–73 Norton Commando Prod. Racer SCM Investment Grade: B Prolonged slumber not well prepared for By 1977, Ducati quality control was reasonably good—certainly much better than in the preceding fiberglass-bodied V-twins—with electronic ignition and a cartridge oil filter, decent paint and decals on a safer steel gas tank, and a pretty nice overall execution. The machine sold at Gooding & Company showed light corrosion on some of its chrome bits, and the fact that the crankshaft would not turn is evidence that its prolonged slumber may have been neither well prepared for nor completely dry. A sympathetic mechanic might be able to free the suspected stuck piston rings with some penetrating oil, heat, and a fair bit of luck. Or maybe not. But even with success, because the bike is essentially still new, it'll remain practically unusable. And so it was that these factors, along with the far less desirable square-case DNA, failed to entice any stratospheric bidding. Call this one well sold. ♦ (Introductory description courtesy of Gooding & Company.) Sports Car Market itting atop the rafters of Ron VanKregten's garage among Ferrari hard tops and Merlin engines was one of the most remarkable finds in the collection—an astonishing Ducati 900 SS that had Gooding & Company

Page 118

Mystery Photo Answers Comments With Your Renewal Outstanding magazine.—Robert Friggens, Albuquerque, NM Still the best read for the auto Inspired by the legendary Trojan Horse, Granddaddy Hatfield devised a plan to defeat the McCoys once and for all. —Kick Wheeler, New Milford, CT RUNNER-UP: Following CBS's lead of capitalizing on its hit show “CSI” by introducing different versions, (CSI: Miami, CSI: NY, CSI: Las Vegas) ABC introduces “Little House on the Prairie: Mobile.”—Dale Rowe, Raleigh NC Come and listen to my story 'bout a man named Meyer / An old lumberjack who was ready to retire. / His friends said, “Meyer, you gotta see this big count-ree.” / So he sharpened up his ax and he built a new RV. / Class A, that is. Settin' porch, sun visor.—Bob P. via email Jeff Foxworthy's summer home.—Rob Bennett, Traverse City, MI In this real estate market it's all about “Location, Location, Location.”—Scott Graham, Minneapolis, MN A rolling home gathers no gloss.—Doug Anderson, Rancho Santa Margarita, CA Ted Kaczynski has noth- ing on me.—Greg Calo, San Ramon, CA Cutting out the bootleg- ging middle-man, Sugar Pine Ned's mobile distillery and watering hole now delivers the finest moonshine right to your door.—Rod Diridon, Jr., Santa Clara, CA Upon hearing that many folks were losing their homes, Jethro decided maybe it would world.—Rick McInnis, Junction City, OR Love it.—Peter Olson, Renton, WA Great magazine. More interior/exte- rior photographs would be appreciated on featured vehicles.—Paul Rohovsky, Rancho Palos Verdes, CA Always a can't-wait read.—Dennis Foley, Pahrump, NV Write more articles about affordable sports cars, and fewer about esoteric boutique collectibles —Peter Jamison, New Haven, CT Keep up the good work. I like to see a wide range of cars and motorcycles.— Dan Llewellyn, Carlstadt, NJ Really enjoy the magazine, espe- cially the affordables.—Frank Cali, Scottsdale, AZ Outstanding automotive magazine, keep up the wonderful reporting. You're the best.—Ken Hoexum, Spring Lake, MI Too much coverage of Ferraris.—M. Stickley, Winter Park, FL. Nice mag, but not nearly enough be a good idea to strap his to the back of his flatbed truck.—Bob Peterson, Brooks, GA This rare photo was taken in 1830, when the Lincoln family moved to Illinois.—Jay Mackro, San Juan Capistrano, CA Stop the damn house so I can get the clothes dried.—Pu-Chin Waide, Great Falls, VA Early spy photo of the Winnebago prototype, testing on the Nordschleife.—Dean Mayer, Cupertino, CA The failing economy has forced RV manufacturers to move downscale to a line of budget motor homes referred to as “Backwoods Basic.”—Lorrie Peterson, Brooks, GA The results of this sale will be tracked anxiously, since it will correlate the health of the housing market versus that of the collector car market.—Joe Goldblatt, Rockledge, FL The original log cabin camper can run on regular grade fir, oak, or pine.—Dan Faustman, Elk Grove, CA After years of royalties, the boys of “Deliverance” retire and hit the road.—Pete van Hattem, SeaTac, WA As the brochure stated, the truck featured a roomy, well-appointed cabin.—Tony LaHood, Irvine, CA For pointing out the relation- ship of the tactics of the ancient Greeks classics to the backwoods of Arkansas, perennial MP entrant Kick Wheeler wins himself a soon-to-be-a-collectible official SCM ball cap. ♦ Ferrari reporting. Why waste space on all the pretenders?—Alfonso Stangunacelli, Naples, FL Best wishes to everyone at SCM for a great job.—Michael Robinson, Wyoming, PA I enjoy the magazine.—E Thomas Puehl, Cincinnati, OH I subscribe to four car magazines. Yours is the only one I read front to back as soon as it comes out.—David Stonecipher, Coppell, TX A wonderful resource of useful and interesting information. A great mix.—John D Waugh, Scottsdale, AZ Great publication—read it cover to cover. Keeps me interested without fail. How about a “rare find” section? Thanks.—Jay Messick, Culver City, CA Love it, read every page.—Michael J. McGee, East Aurora, NY I love the magazine. I'd like to see something on the late 1970s Trans Ams and Special Editions like my '78 Macho T/A built by Mecham Performance.— Jason Bovarnick, Medfield, MA When you are 83 years old, you only get one renewal!—Charles Andersen, Tacoma, WA. We look forward to hearing from you again next year, Charles.—KM Great job.—Philip Fleck, Limekiln, PA Enjoy the mag. Thank you—Ian This Month's Mystery Photo Response Deadline: March 25, 2009 Our Photo, Your Caption Be the author of the most accurate, creative, or pro- vocative response and receive a Sports Car Market cap. Ties will be arbitrarily and capriciously decided. Fax your response to 503.253.2234; email: mystery- photo@sportscarmarket.com; snail mail: Mystery, P.O. Box 4797, Portland, OR 97208-4797. Please include your name and contact information. Send us your mystery photo. If we use it, you'll also get an official SCM cap. Email photos at 300 dpi in JPEG format. 120 Barker, Shepparton, Victoria, Australia My favorite auto mag.—J.D. Jewell, Redwood City, CA Consistently spectacular maga- zine!—Ralf Berthiez, McLean, VA Excellent, as always.—Richard Boos, Troy, NY Really enjoy your fine magazine. Please keep the motorcycle content. You guys do a fantastic job.—Daniel Reichel, Oceanside, CA How about an evaluation of the auc- tion houses?—J. Skowronski, Naples, FL. And thanks to all of you for your thoughtful comments and your renewals.—Keith Martin ♦ Sports Car Market

Page 120

SCM Showcase Gallery Sell Your Car Here! Includes SCM website listing. Showcase Gallery Full-Color Photo Ad Just $44/month ($66 non-subscribers) Text-Only Classified Ad Just $15/month ($25 non-subscribers) 4 ways to submit your ad: Web: Visit sportscarmarket.com/classifieds-post.php to upload your photo (300 dpi jpg) and text, or text only. Secure online Visa/MC payments. E-mail: Send photo (300 dpi jpg) and text, or text only, to scmadvert@sportscarmarket.com. We will call for your VISA/MC. Fax: Attention Showcase, to 503.253.2234 with VISA/MC. Snailmail: Showcase, PO Box 4797, Portland, OR 97208-4797, with VISA/MC or check. 25 words max, subject to editing. Deadline: 1st of each month, one month prior to publication. Advertisers assume all liability for the content of their advertisements. The publisher of Sports Car Market Magazine is not responsible for any omissions, erroneous, false and/or misleading statements of its advertisers. English 1965 Austin-Healey 3000 Mk III BJ8 Finished in Primrose yellow with black leather. A really nice, straight, rust free example. Runs and drives beautifully. Needs absolutely nothing to start driving and enjoying now. $39,500 Firm. Matthew . deGarmo Ltd. 203.852.1670 Website: www .deGarmoLtd.com. 1974 Jaguar XKE Convertible Beautiful frame-off restoration of this desirable Phase Two model. Rebuilt engine with upgrades and rebuilt running gear. Fabulous color scheme of BRG with tan. Proven Concours winner. $85,000. Morris & Welford LLC, www.morrisandwelford.com. 714.434.8562. (CA) 1964 Jaguar XKE Convertible 1974 Triumph TR6 Light Ivory/Black. 14,000 Miles. Car came from the factory with “S” options, including full gauges, leather interior, wide rocker and bumper trim molding, aluminum front brakes, sway bars & alloy wheels (comfort package). Never any dents or rust. Minor rock chips. Also have factory leather steering wheel (not shown). Has original Blaupunkt radio. Other info or photos on request. Contact Roy Dove at dove2@slb.com or 281.265.1123. (TX) Restored in California in early 90's. Driven summers only and meticulously cared for by two fussy owners since. Teal green, saddle leather. A really lovely car, ready to drive and enjoy. $18,500. Matthew L. deGarmo Ltd., 203.852.1670, www.deGarmoLtd .com. (CT) Wanted: Triumph TR4, TR4A, or TR250. I'd like to find an older restoration or car that has been preserved; the more original-spec, the better. Stalled restoration would be considered too, as would a newer restoration. (I'm a hobbyist, not a dealer.) Please email or call: don@napanet.net; 707.942.0546. French 1935 Delage D-8 Italian 1992 Alfa Romeo Spider Veloce Convertible, 2.0 liter, OHC4 engine. 24,800 original miles; 5-speed; power steering, mirrors, windows, remote locking; lojack; A/C; AM/FM stereo cassette; fuel injection system; original MSRP label. $19,500. Contact Jack Davey at 602.957.4763. (AZ) 1973 Ferrari 246 GTS Dino V12, Automatic transmission, 37,000 miles. British Racing Green, Biscuit interior. An older restoration that is still very presentable, this final year example of the iconic E-type is ready to be driven and enjoyed. Numerous digital photos available. $50000.00. Contact George at geshaghian@mindspring.com or 818.915.3606. (CA) 1988 Lola LC88 3.8L engine, 4-speed transmission, 70,000 miles. Red/Black Rust free california car, all original equipment. Good driver condition. $55000.00. Contact Mike Siegrist at mistermike@mac.com or 714.307.5499. 1966 Jaguar XKE Convertible Immaculate. One owner for the last 33 years. White/black. Past JNCA National Champion. 52K miles. Call 201.913.2178. 1968 Jaguar XKE Roadster This is a full carbon Lola F1 car in excellent condition. Fresh 3.5DFZ with EFI and FGC. Fully sorted, includes spare wheels, ECU and starter, $165K. Contact Scott Drnek at sales@vprace.com or 510.887.7223. More info at www.vprace.com. 1967 Triumph Daytona 500 Supersport One elderly owner from new. 39,000 original miles; all service receipts from new. Red, tan leather. Beautiful condition, never in an accident. $9500. Matthew L. deGarmo Ltd., 203.852.1670, www .deGarmoLtd.com. (CT) 1961 Porsche 356 B Coupe One female owner from new; 4000 original miles. Grigio Alloy, dar blue interior. All services done including timing belts. Immaculate throughout. $99,000. Matthew L. deGarmo Ltd. 203.852.1670. Website: www.deGarmoLtd.com. WANTED: Intermeccanica Italia convertible Body by Letourneur and Marchand. Sport chassis, dual plug 8 cylinder engine. Totally restored some years ago. Only surviving example. 415.897.0862. (CA) German 1998 BMW 323is Convertible In original color of FLY yellow with black interior. $45,000 spent in last year on major mechanical overhaul including engine, trans, brakes. Has been driven 1200 miles without fault. Amazing running and driving car. $180,000. Contact Steve Markowski at 802.877.2645. 2002 Ferrari 360 Modena Early Series 1 1/2 with S1 marker lights and nose. Beautifully restored example with matching numbers. Finished in white with black leather. All correct, mint throughout and ready now for trouble free touring. $65,000/fair offer. Matthew L. deGarmo Ltd. 203.852.1670 Website: www.deGarmoLtd.com. 1968 Jaguar XKE Series 1 1/2 Coupe Matching frame and engine numbers. Blueprinted. Dynamically balanced to 40 HP. Paint on tank and fenders exact factory specs. Colors by Don Hutchinson. Books, tools, dyno report documents. $10,000. Contact parzival@pipeline.com. (NY) 1973 Triumph Stag Convertible with hard top. V-8, Manual, Red/Black. Less than 100 miles on engine rebuilt by Walter Holliday. Excellent exterior, interior needs work. Houston. Contact Greg Yokell at gregy@mail.com or 832.722.4074. (TX) 122 Mechanically excellent with overhauled 912 engine. Solid pan and structure. Old cosmetic condition. Great brakes, excellent transmission, wonderful driving and reliable Porsche! $31,000. Contact Steve Markowski at 802.877.2645. 1971 Porsche 911 T Serial # 1267 silver-blue metallic with cream interior totally restored. $ 400,000 European Autobody, Inc. (Dealer) Stock # 78. Contact Melissa at 561.860.9450. Restored, rust-free, original drivetrain, 4-speed. Ready to show and tour. Please contact David at hotdognc@nc.rr.com. 1966 Lamborghini GT 400 Spyder Conversion Sports Car Market

Page 122

SCM Showcase Gallery 1989 Lamborghini Countach Anniversary Numbers matching, a totally original, untouched car. Rare black/black. Superb original body, flawless frame. 283/290. Mechanically fully sorted. Needs absolutely nothing. Factory hardtop included. $120,000/offer. Matthew L. deGarmo Ltd. 203.852.1670. Website: www.deGarmoLtd.com. Only 5,000 original miles! Fresh service including complete clutch kit. The best on the market, priced for quick sale at only $114,900. Richard Jahn 724.312.6386 or rejst4@yahoo.com. (PA) 1967 Maserati Mistral 4.0 liter, 5-speed, Webers Borrant wires with new Pirellis, carpet, Becker Mexico $ exhaust. Recent full service, $67,000. Contact Steve Case 503.640.8878 or steve.case@comcast.net. (OR) Japanese 2007 Subaru STi Sliver Metallic, Red Interior, Six Speed Manual, Preferred Equipment Group: Heads-Up Display, Universal Home Remote, Memory Package, Auto Dimming ISRV Mirror w/Compass & Driver OSRV Mirror, Heated Seats, Power Telescoping Steering Wheel, Adjustable Sport Bucket Seats, Options: Polished Aluminum Wheels, Power Convertible Top, Magnetic Selective Ride Control, AM/FM CD with DVD Navigation, On Star Subscription, Rear Axle Ratio 3.42, Extended GM 5 year/60,000 mile Premium warranty which expires in 2013!, Less than 3,000 miles, Never in Rain! MSRP $62,865, offered at $48,900. Contact Tom Fetchik at tfetchik@aol.com. 1970 Dodge Challenger RT Convertible 4k miles, finished 3rd/class ‘07 La Carrera, 3rd/overall ‘08 Chihuahua Express, fully race prepped (cost $25k+). Contact Bruce Redding at 480.250.4460 or citabria621@yahoo.com. (AZ) Swedish 1973 Volvo 142 Pistol grip 4 sp, 440-6 shaker hood, low mi on better than new quality resto, totally detailed, all metals polished to perfection, power conv. top, P.S.,P.B, legendary interior, seat belts restored by Snak-oyl, rim blow horn, 6-way seat, hemi suspension w/rear stabilizer, original 383 w/air on engine stand w/parts. All paperwork, manuals, receipts, real head turner. $84,000. Contact Dan at 508.872.5312. (MA) 1966 Ford GT40 Coupe 4-Cyl FI, Automatic, 57,900 miles, Green/Brown. Original Miles! Original Title, Sales Contract, Window Sticker, License Plate, Sales Brochure. AM-FM, Heater, bumperettes. No Pets, Kids. Smells New. $7,200. Contact Deane Fehrman at aaacolo@aol.com or 303.233.7795. (CO) American 1939 Chevy 2-Door Hardtop 1966 GT40 licensed in Fl.; This Superformance GT40 is Safir licensed and Shelby registerd.. It has the correct color, LeMans Stripping and powered by a Roush 427 with ceramic coated headers mated to a 5 speed RBT/ZF transaxle. Approx 750 miles, fully sorted and Fl. street licensed $99,500 OBO. Call William Aycock at 313.510.1205 or email wradea100@aol.com. 1940 Mercury 99A Black / Grey Mohair. This beautiful classic car has a 215 cubic inch inline 6-cylinder engine and 3-speed manual transmission. $22,500. Please contact Shellie at 949.955.3832 or shellie@gcompanies .com with any questions. (CA) 1960 Corvette Fuel Injected Convertible This beautiful 1940 Mercury 99A 2-door coupe is equipped with a 239-cid L-head which produces 95 bhp. 3 speed. Nice body and grey cloth interior. Excellent bumpers, mouldings, and glass. 124 Sports Car Market Beautiful car! 28,000 original miles. Torsion level suspension, power steering, windows seats & brakes, orignal upholstery. Repainted original colors in 1995. 260-HP 355 Ft. lbs. torque. ultramatic transmission, Borg-Warner Overdrive, Matching Numbers. Call or email with any questions! $24,500. Contact Shellie Jones at shellie@gcompanies.com or 949.955.3832. (CA) This beautiful 1951 Mercury is equipped with the 8-cylinder 90 degree V-type engine, 12-volt battery system (converted from the original 6-volt battery) and the Merc-o-Matic transmission. The 1951 Mercury 4-door sedan was popular for its suicide doors. $24,500. Please contact Shellie with any questions 949.955.3832 or shellie@gcompanies.com. (CA) 1955 Packard 400 Hardtop CSX4062 is an early Continuation Series Cobra 4000 series and was manfactured by Shelby American Inc. Las Vegas, Nevada, USA (vs. Shelby Automobiles, Africa or Mexico). Finished by Texas Cobras Limited, early cars are desirable for their exacting detail to finish work, fit, paint and final assembly. Engine is a 428 Super Cobra Jet bored .030 over, balanced and blue printed with alum heads. Under the hood, intake, plumbing and electrical details are identical to original SC specs. Transmission is a top loader 4 speed with a 3.54:1 rear end. It is well sorted, in excellent condition and VERY fast. Signed by Carroll Shelby. $82,000. Contact Dave Furay at dfuray@acu-tool.com. ♦ 2006 Corvette Convertible $34,500. Contact Shellie at 949.955.3832 or shellie@gcompanies.com. (CA) 1951 Mercury Sedan 318-V8, Automatic transmission, 62,000 miles. Original Condition, Coral with white top, recent tune up, new WW tires, no rust, more pictures available upon request. $15.000. Contact Daniel Rush at dan@rushlaw.us or 207.985.9850. ( ME) 1965 Shelby SC Cobra 1961 Plymouth Fury Sedan

Page 124

RESOURCE DIRECTORY Advertise in the SCM Resource Directory. Call 877.219.2605 x222 for information, e-mail: scmadvert@sportscarmarket.com. Auction Companies Artcurial-Briest-Poulain-Le Fur. 33.1.4299202, 33.1.42292021. Maison de vente aux enchères, 7, Rond-Point des Champs Elysées, 75008 Paris. artcurial@auction.fr www.artcurial .com. (FR) Bonhams. +, +44.207.585.0830. Montpelier St., Knightsbridge, London, SW7 1HH. www.bonhams.com. (UK) Bonhams & Butterfields. 415.391.4000, 415.391.4040. 220 San Bruno Avenue, San Francisco, CA 94103 www.butterfields.com. (CA) Branson Collector Car Auction. 800.335.3063, 417.336.5616. 1316 W. Hwy. 76, Suite 199, Branson, MO 65616. www.bransonauction.com. (MO) RM Auctions, Inc.. 800.211.4371, 519.351.1337. Our team of highly qualified professionals with over 25 years of experience will perform complete classic car collection appraisals. Your collection will be assessed by superior appraisers who are exceptionally detailed and want you to get the most value from your collection. RM is the world's largest vintage automobile house specializing in vintage automobile restoration, auctions and appraisals. www.rmauctions.com. (CAN) Russo and Steele Collector Auto- Carlisle Collector Car Auctions. 717.243.7855, 1000 Bryn Mawr Road, Carlisle, PA 17013. Spring and Fall Auctions. High-line cars cross the block. Hundreds of muscle cars, antique, collector, and special-interest cars, trucks, and motorcycles. Real Cars. Real Prices. www.carlisleauctions.com. (PA) eBay Motors. List your car for sale for only $40 and pay $40 more when it sells. Visit the “Services” section on www.ebaymotors.com for more details. www.ebaymotors.com. Silver Auctions. 800.255.4485, 2020 N. Monroe, Spokane, WA 99205. silver@silverauctions.com. www.silverauctions.com. (WA) mobiles. 602.252.2697, 602.252.6260. 5230 South 39th Street, Phoenix AZ 85040. info@russoandsteele.com; www.russoandsteele.com. (AZ) Santiago Collector Car Auctions. 405.475.5079, 501 E. Britton Rd., Oklahoma City, OK 73114. Rocky: rockydb5@sbcglobal.net. (OK) American Shelby American Automotobile Club. 860.364.0449, 860.364.0769. PO Box 788, Sharon, CT 06069. Over 5,000 members, 50 regions throughout the world. Dedicated to the care and preservation of the cars that Carroll Shelby produced. Two national conventions a year, semi-annual magazine, bi-monthly newsletter as well as a registry. (CT) Appraisals las Watts. www.steveaustinsgreatvacations.com. Buy/Sell/General 2shores International. Auto Appraisal Group. 800.848.2886, Offices located nationwide. Pre-purchase inspection service, insurance matters, charitable donations, resale vales, estates, expert witness testimony. On-site inspection. Certified, confidential, prompt, professional. “Not just one man's opinion of value.” See web site for locations and service descriptions. www.autoappraisal.com. California Dream Cars Apprais- als. 888.314.3366, Over 30 years experience in Southern California appraising classic, antique, special interest, muscle and custom to current-year models. Specializing in pre-purchase inspections, stated value insurance appraisals, insurance disputes, and expert witness testimony. For more info, visit our web site. www.caldreamcars.net. (CA) Gooding & Company. 310.899.1960, 310.899.0930. Gooding & Company offers the rarest examples of collector vehicles at the most prestigious auction venues to its international clientele. Our team of well qualified experts will advise you on current market values. Gooding & Company presents the official auction of the famed Pebble Beach Concours d'Elegance in August and record-setting Scottsdale Auction in January. www.goodingco.com. (CA) H&H Classic Auctions. +44 8458 334455, +44 8458 334433. The Motor House Lyncastle Road Warrington England. WA4 4BSN www.handh .co.uk. (UK) The Worldwide Group. 866.273.6394, Established by John Kruse and Rod C. Egan, The Worldwide Group— Auctioneers, Appraisers and Brokers —is one of the world's premier auction houses, specializing in the procurement and sale of the world's finest automobiles and vintage watercraft. www.wwgauctions.com. (TX) Tom Mack Classics. 888.TOM. MACK, PO Box 1766, Indian Trail, NC 28079. Three annual auctions in Charlotte, NC: April, September, and January. Selling Southern muscle, collector, and antique cars with experience and integrity for 24 years. North Carolina auction license 4017. www.tommackclassics.com. (NC) Alfa Romeo Jon Norman's Alfa Parts. Mecum Collector Car Auction- eers. 815.568.8888, 815.568.6615. 950 Greenlee St., Marengo, IL 60015. Auctions: Orlando, Kansas City, Rockford, Bloomington Gold, St. Paul, Des Moines, Carlisle, and Chicago. Nobody Sells More Muscle Than Mecum. Nobody. www.mecumauction.com. (IL) Palm Springs Auctions Inc. Keith McCormick. 760.320.3290, 760.323.7031. 244 N. Indian Canyon Dr., Palm Springs, CA 92262 www .classic-carauction.com. (CA) 126 510.524.3636, 1221 Fourth Street, Berkley, CA 94710. Large selection of parts from 1900 series to Milano. Efficient, personal service. 510.525.9435. (CA) RM Auctions, Inc.. 800.211.4371, 519.351.1337. Our team of highly qualified professionals with over 25 years of experience will perform complete classic car collection appraisals. Your collection will be assessed by superior appraisers who are exceptionally detailed and want you to get the most value from your collection. RM is the world's largest vintage automobile house specializing in vintage automobile restoration, auctions and appraisals. www.rmauctions.com. (CAN) Classic Showcase. 760.758.6199, 760.758.0600. sales 760.758.6100.Fullservice restorations. Creating show winners in a world-classic restoration facility. Specializing in European classics. Superb fit; attention to detail; great craftsmanship. “Where great cars achieve perfection.” Located in San Diego County. sales@classicshowcase .com www.classicshowcase.com. (CA) 49.5691.912460, 49.5691.912480. International marketing services for collector cars. New Showroom in the US! Take advantage of our experience in the global collector market. Based in Wisconsin, working worldwide. Connecting buyers and sellers of collectible automobiles in a global marketplace since 1990. We put our market knowledge to work for you. Call Jurgen today! www.2-shores-classics.com. (DE) Brighton Motorsports. 480.483.4682, Brighton Motorsports, Scottsdale Arizona is a unique dealership specializing in Vintage European and American Collector Cars with their Sales/Showroom and Mechanical Repair facility in the heart of Scottsdale's legendary auction arena. They also have a state of the art paint & body shop specially equipped to do all levels of repair and restoration just down the road, creating a one stop shop for the avid car enthusiast. www.brightonmotorsports.com. (AZ) Park Place LTD. 425.562.1000, USAppraisal. 703.759.9100, Over 25 years experience with collector automobiles, available nationwide. David H. Kinney, ASA (Accredited Senior Appraiser, American Society of Appraisers). dhkinney@usappraisal.com toll free: at 800.872.7772 www .usappraisal.com. (VA) Motoring Investments. 619-238- 1977, Award winning restorations, brokerage, sales & locating. Vintage German, Italian & British Mercedes specialist - SL, Pagoda & other models “Our website is a virtual buyer's guide for the 280SL.” www.motoringinvestments.com. Automobilia Steve Austin's Automobilia & Great Vacations. 800.452.8434, European Car Collector tours including Monaco & Goodwood Historics, private collections, and car manufacturers. Automobile Art importer of legendary artists Alfredo de la Maria and Nicho- Park Place LTD is the West Coast's largest luxury, sports and special interest auto dealership. We're an authorized dealer for Aston Martin, Lotus, Spyker, Shelby, Superformance, and Speedster Recreations and carry collector and special interest vehicles of all kinds. 20 years in the business and familyowned; Park Place LTD is driven to excellence. www.ParkPlaceLTD.com. Paul Russell and Company. 978.768.6092, 978.768.3525. Since 1978, offering restoration and sales of classic European sports and touring Sports Car Market

Page 125

models from pre-war through 1960s. Successfully brokering MercedesBenz, Ferrari, Porsche, Jaguar, BMW, Alfa Romeo. Guidance given with emphasis on building long-term relationships. Sales Manager Alex Finigan: Alex@paulrussell.com www.paulrussell.com. (MA) Interruption, Towing and Labor Costs, Inflation Guard, and Auto Show Medical Reimbursement. Fast, immediate quotes. www.grundy.com. (PA) Ferrari/Maserati/Lamborghini Carobu Engineering. 949.722.9307, Heacock Classic. 800.678.5173, We Specialty Car Source. Specialty- CarSource.com is the premier source for buying and selling classic and modern specialty cars. List your car for 12 weeks for only $19.95. Dealers can list an unlimited amount of inventory for one low fee. Visit www.specialtycarsource.com today. www.SpecialtyCarSource.com. understand the passion and needs of the classic car owner; agreed value, one liability charge, 24-hour claim service and paying by credit card. We provide classic car insurance at rates people can afford! Instant quotes at www. heacockclassic .com. www.heacockclassic.com. (FL) Motor Sport Personal Accident The Bridgehampton Motoring Club. 631.537.5001, The Bridgehampton Motoring Club is unlike any collector car facility in the nation. We provide 24 hour key card access, humidity and temperature control, comprehensive video security, epoxy floors, tasteful lighting, rare automobilia, and most importantly services: Pick-up and delivery, battery maintenance, bi-weekly mechanical integrity routines, and detailing. Every member of BMC has unfettered access to their collection. Finally, the perfect way to enjoy your passion. www.bridgemc.com. Coverage. 441.297.9439, 441.296.2543. Email, mcooke@evolution.bm. Limits up to $1,000,000 including accident medical and helicopter evacuation. Comp Capital Ltd. can obtain coverage at competive rates including drivers over the age of 65. Either 12 month policy covering a whole season and or for specific events. Please contact Mark Cooke and or Kevin Way. English Ferrari specialist. Engine rebuilding/ development, dyno-testing, parts and service. Your source for high performance brakes, suspension, gaskets, engine parts, wheels and exhaust. Dealer for Tubi, Brembo, Koni, Razzo Rosso, Sangalli, Zanzi, Novitech Rosso and XOst. WWW.CAROBU.COM www .carobu.com. Mercedes-Benz Classic Center. 1.866.MB.CLASSIC, The center of competence for classic Mercedes-Benz enthusiasts – for vintage car sales, meticulous restorations by manufacturer-trained technicians and the widest selection of Genuine Mercedes-Benz Classic Parts, we are the source. www .mbclassiccenter.com. (CA) Motoring Investments. 619-238Motoring Investments. 619-238- 1977, Award winning restorations, brokerage, sales & locating. Vintage German, Italian & British Mercedes specialist - SL, Pagoda & other models “Our website is a virtual buyer's guide for the 280SL.” www.motoringinvestments.com. Randy Simon. 310.274.7440, 310.274.9809. I constantly collect and sell all Ferraris, Maseratis, and Lamborghinis. If I don't have what you seek, I can usually find it for you (at low prices). Please call anytime for straight advice on the market. Finder's fee gladly paid. simonrandy@aol.com (CA) Aston Martin of New England. 781.547.5959, 85 Linden Street, Waltham, MA 02452. Proudly appointed Aston Martin Heritage Dealer for the USA. New and pre-owned Aston Martins are our specialty. Please contact us when buying, selling or restoring. www.astonmartin-lotus.com. (MA) T. Rutlands. 800.638.1444, The largest independent Ferrari parts source in the business. Our vast inventory includes new, used and rebuilt parts for vintage and contemporary Ferraris. Buy your parts where the Ferrari shops do. Now, shop 24/7 at www.TRutlands .com www.TRutlands.com. (GA) Woodies USA. 480.694.7929, We buy and sell great woodies - hundreds to date. If you are buying or selling give us a call. We can help. Woodies are fun! Every car collection should have at least one. Located in Scottsdale, Arizona. www.woodiesusa.com. (AZ) Classic Car Transport Motor Auto Express, Inc.. 360.661.1734, Enclosed Transport. MAX cares for what you care for. We offer Personal, Private, Professional services with liftgate loading for your vehicles. Please contact Randy McKinley, Owner. maxiet@gmail.com. (WA) Collector Car Insurance Doc's Jags. 480.951.0777, 480.951.3339. Restoration Center 623.869.8777. 23047 N. 15 Lane, Phoenix, AZ. 85027. The world's BIGGEST and BEST Jaguar Web site. #1 in Jaguars WORLDWIDE. Largest inventory of all models. Ask for “DOC.” Email doc@docsjags.com www.docsjags.com. (AZ) Kevin Kay Restorations. 530.241.8337, 1530 Charles Drive, Redding, CA 96003. Aston Martin parts, service, repair, and restoration. From an oil change to a concours-winning restoration, we do it all. Modern upgrades for power steering, window motors, fuel systems, and more. Feltham Fast performance parts in stock. We also cater to all British and European cars and motorcycles. www.kevinkayrestorations.net. (CA) Grundy Worldwide. 800.338.4005, With 60 years of experience in servicing and preserving the collector vehicle hobby, Grundy provides “The Gold Standard” of insurance, offering the most options to you: Agreed Value, No Model Year Limitation, Unlimited Mileage, and coverage options for Spare Parts, Trip April 2009 Baldhead Cabinet Company. 877.966.2253, Offering a fine selection of quality metal garage cabinets suitable for shop and residential garage applications. SS and custom colors available. Many modules to choose from. Call for a custom quote and drawing. See ad in this issue. www .baldheadcabinets.com. (CA) German Garage/Tools Automobile Inspections LLC.. 860.456.4048, “When you need the job done right.” The nation's premier provider of pre-purchase inspections on classic, exotic and specialty cars of any year, anywhere in the USA or Canada. Fast 72-hour turnaround! Hartford, CT. www.automobileinspections.com. (CT) Parts and Accessories 1977, Award winning restorations, brokerage, sales & locating. Vintage German, Italian & British Mercedes specialist - SL, Pagoda & other models “Our website is a virtual buyer's guide for the 280SL.” www.motoringinvestments.com. Import/Export Cosdel. (415) 777-2000, (415) 543- 5112. Don't puzzle over your shipping needs. We are your solution.Martin E. Button, Inc./Cosdel International Transportation 55 New Montgomery Street San Francisco, CA 94105 info@cosdel.com The Import-Export Expert www.cosdel.com. (CA) Inspections Griot's Garage. 800.345.5789, The ultimate online store for automotive accessories and car care products. www .griotsgarage.com. (WA) Restoration - General Carobu Engineering. 949.722.9307, Classic Showcase. 760.758.6199, Motoring Investments. 619-238- 1977, Award winning restorations, brokerage, sales & locating. Vintage German, Italian & British Mercedes specialist - SL, Pagoda & other models “Our website is a virtual buyer's guide for the 280SL.” www.motoringinvestments.com. 760.758.0600. sales 760.758.6100.Fullservice restorations. Creating show winners in a world-classic restoration facility. Specializing in European classics. Superb fit; attention to detail; great craftsmanship. “Where great cars achieve perfection.” Located in San Diego County. sales@classicshowcase .com www.classicshowcase.com. (CA) Ferrari specialist. Engine rebuilding/ development, dyno-testing, parts and service. Your source for high performance brakes, suspension, gaskets, engine parts, wheels and exhaust. Dealer for Tubi, Brembo, Koni, Razzo Rosso, Sangalli, Zanzi, Novitech Rosso and XOst. WWW.CAROBU.COM www .carobu.com. 127

Page 126

RESOURCE DIRECTORY Advertise in the SCM Resource Directory. Call 877.219.2605 x222 for information, e-mail: scmadvert@sportscarmarket.com. services available. www.healeywerks .com. (IA) Doc's Jags. 480.951.0777, 480.951.3339. Restoration Center 623.869.8777. 23047 N. 15 Lane, Phoenix, AZ. 85027. The world's BIGGEST and BEST Jaguar Web site. #1 in Jaguars WORLDWIDE. Largest inventory of all models. Ask for “DOC.” Email doc@docsjags.com www.docsjags .com. (AZ) F. Roxas, Inc.. (708) 598-1000, The Only Thing Better Than New Is A Fran Roxas Restoration. Recent restorations include Duesenberg, Packard 12, 8-liter Bentley, Cadillac V16, Delahaye, Stutz DV32, Ferrari, 1950's & 60's Concept Cars. We take pride in enhancing our clients investments by bringing these truly one-of-a-kind cars back to life. Maybe, an even better life. The quality of our work has been nationally recognized since 1970 with consistent 1st place winners at concours shows around the world. F. Roxas, Inc. (708) 598-1000 Bridgeview, IL Sports and Competition Morris and Welford. 714.434.856 2/203.222.3862, We operate an international specialist historic car consultancy and brokerage company based on both the East/West Coasts of the US and the UK offering specialist brokerage services of important historic cars to buyers and sellers throughout the world. www.morrisandwelford.com. (CA/CT/United Kingdom) RM Auctions, Inc.. 800.211.4371, Performance Restoration. 440.968.3655, High-quality paint, body, mechanical service. Discreet installation of a/c, cruise control, superchargers. Stock restorations done to exacting standards. Clean, well-equipped shop. Near I-90 since '96. We finish your projects. supercharged@alltel .net. (OH) 519.351.1337. Our team of highly qualified professionals with over 25 years of experience will perform complete classic car collection appraisals. Your collection will be assessed by superior appraisers who are exceptionally detailed and want you to get the most value from your collection. RM is the world's largest vintage automobile house specializing in vintage automobile restoration, auctions and appraisals. www.rmauctions.com. (CAN) Vintage Events Muscle Car 1000. 949.838.7076, The Healey Werks. 800.251.2113, 712.944.4940. Premier automobile restoration company specializing in exotic, European and classic cars. Complete structural and body reconstruction, upholstery, world-class paint/refinishing, engineering, prototyping and mechanical services. Transport and logistical October, 2009. This six-day luxury tour of Southern California includes exceptional muscle cars, exclusive activities, exquisite dinners, premium hotels, great friends, and fine wine. We're covering Orange County, San Diego, Palm Desert, Lake Arrowhead, Beverly Hills, and a great deal in between. Reserved for 1964-73 American muscle cars, 1962–68 Cobras, 1955–73 Corvettes. Apply early, as space is limited. www .musclecar1000.com. (CA) ♦ 128 Sports Car Market

Page 127

Advertising Prints Vintage 13" x 19"; Just $15.95— Two for $20 including shipping Available online at www.sportscarmarket.com Use promo code “twofer” April 2009 129

Page 128

Carl Bomstead eWatch Very Rare (I Only Have One) When sellers get wishy-washy about provenance, or can't answer your direct questions, your alarm should go off. Call the experts Thought Carl's I continue to be amazed how some less-than-forthright eBay sellers attempt to wordsmith their way around the originality of the piece they are selling. The seller of a Packard thermometer that is no more than a few years old states: “It has been hanging in my grandfather's barn for the past 60 years, so I'm pretty sure it's old.” Or the seller who states he knows it is old but when pushed, comes up with: “I don't know this kind of stuff very well and the guy I bought it from said…” And then there's the old standby: “I'm selling this for a friend…” To my mind, wishy-washy statements and special claims raise big red flags and send me to the research books and making calls to folks who are experts in the particular area. I suggest you do the same. Here are a couple that made me a bit suspicious and a few that just caught my eye. EBAY #250358636201—INLAND STAGES PORCELAIN EBAY #320331662919— 1962 HARLEY-DAVIDSON NEON WALL CLOCK. Number of Bids: 34. SOLD AT: $831.99. Date Sold: 1/18/2009. This Harley clock appeared to be in good condition and the seller stated it was in working order. He also stated he dated the clock by a stamping on the transformer, but it looks suspiciously like ones currently offered. Seller danced around the questions regarding the age by stating, “...I only know what I see.” I know what I see—someone who may have paid way too much for a fakey-doo Harley clock. FLANGE SIGN. Number of Offers: 3. BEST OFFER: $550. Date Sold: 1/19/2009. This double-sided Inland Stages Depot sign was in decent condition, with some edge wear and some bruises and nicks on the flange itself. Early bus signs normally sell for a bunch more than what this one went for, so either the buyer got a heck of a buy or is in for a $500 haircut. It's often hard to tell if a new sign has been artificially aged when looking at a 72dpi image, and there are no guarantees here. EBAY #400000733655—DODGE RAM HOOD ORNAMENT. Number of Bids: 1. BUY IT NOW: $2,495. Date Sold: 1/30/2009. This hood ornament was stated to have been used on 1933 Dodge cars and 1933–35 Dodge trucks. It was stated to be N.O.S. or in original unused condition. The Ames/ Williams mascot bible, Motoring Mascots of the World, tells a different story. The mascot sold is pictured as being used on 1933–34 commercial vehicles only; the version it shows for cars is slightly different. As such, the buyer paid a ton for something to stick on his old Dodge truck—if that's what he has. EBAY #160307721141—1941 INDIANAPOLIS 500 PIT EBAY #180318449023—LICENSE PLATE FRAMES FROM ED JAMES BUICK. Number of Bids: 18. SOLD AT: $760. Date Sold: 1/11/2009. These unique license plate frames were from a defunct Buick dealership in—we are guessing here—Jamestown, Ohio. One frame appeared to be in better condition than the other, but the chrome was pitted on both. These went for a ton, as two bidders entered “I'm going to own these” bids, which were $500 above anything else offered. At least the seller was happy. BADGE. Number of Bids: 13. SOLD AT: $3,050. Date Sold: 1/11/2009. This silver pit badge was for the Indy 500 held on May 30, 1941—the last race until the war ended. It was numbered 268 and was used by the Firestone Tire employee who represented the company at the race. Early Indy badges are becoming more difficult to find, and as we see here, they are also getting much more expensive. SUBSCRIPTION INFORMATION Sports Car Market (ISSN #1527859X) is published monthly by Automotive Investor Media Group, 401 NE 19th Street, Suite 100, Portland, OR 97232. Periodicals postage paid at Portland, OR, and at additional mailing offices. Subscription rates are $58 for 12 monthly issues in the US, $78 Canada/Mexico, Europe $88, Asia/Africa/Middle East $98. Subscriptions are payable in advance in US currency. Make checks to: Sports Car Market. Visa/MC accepted. For instant subscription, call 24-hours 800.289.2819, 503.261.0555; fax 503.253.2234; www.sportscarmarket.com. 130 POSTMASTER Send address changes to: Sports Car Market PO Box 4797, Portland, OR 97208 CPC IPM Sales Agreement No. 1296205 Sports Car Market EBAY #260352552561— PACKARD MOTOR CAR CO. EMPLOYEE BADGE. Number of Bids: 10. SOLD AT: $178.50. Date Sold: 2/01/2009. This early Packard employee badge was not in the best of conditions, but it still sold for a healthy price. Unusual Packard stuff is very collectible, and the buyer can put his own photograph in the badge and show off to his buddies at the next Packard meet, if that passes for his idea of fun.