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'58 Alfa SVZ: No Two are Alike, and This One's Worth $537k Spor R K Alfa SVZ: No Two are Alike, and This One's Worth $537k Spor R K are are 1957 Ferrari 625 TRC Spider B August 2012 eauty $6.5m Affordable Classic: 1966–73 Fiat 850 Spider — Slow, Rusty and Fun Legal Files: What You Need to Know Before Going to Auction DB4GT Zagato Sanction II: At $1.9m, One-Third the Value of an Original e Alike, and This One's Worth $537k Spor R K are 1957 Ferrari 625 TRC Spider B August 2012 eauty $6.5m Affordable Classic: 1966–73 Fiat 850 Spider — Slow, Rusty and Fun Legal Files: What You Need to Know Before Going to Auction DB4GT Zagato Sanction II: At $1.9m, One-Third the Value of an Original www.sportscarmarket.com www.sportscarmarket.com Two Two Two Two Two Two

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Sports Car Market Keith Martin’s JOIN US The Insider’s Guide to Collecting, Investing, Values, and Trends 54 1958 Alfa Romeo Giulietta Sprint Veloce Zagato August 2012 . Volume 24 . Number 8 62 2007 Peugeot 908 V12 HDi FAP Le Mans racer IN-DEPTH PROFILES What You Need To Know FERRARI 48 1957 Ferrari 625 TRC Spider — $6,526,800/RM How does one value a car that hasn’t seen the market in decades? The closest comparable, a 500 TRC, changed hands last year for just shy of $4m. The 625 TRC is far rarer than a 500, and with its original 625 engine, 0680 should be worth more than a 500 TRC Steve Ahlgrim ENGLISH 52 1991 Aston Martin DB4GT Zagato Sanction II Coupe — $1,898,184/Bonhams Is it a replica, a continuation or a lookalike? The market says it’s worth about a third of the original Paul Hardiman ETCETERINI 54 1958 Alfa Romeo Giulietta Sprint Veloce Zagato — $536,648/RM There’s no doubt this SVZ cost a lot of money — nearly twice the price of the nicest Lightweight Sprint Veloce or SZ — but it was worth every penny Donald Osborne GERMAN 58 1968 Porsche 911S Targa “Big Tank” — $118,250/Worldwide Early 911s have been heating up for more than a year, so this strong sale was not a surprise to insiders Prescott Kelly AMERICAN 60 1952 Buick Roadmaster Estate Wagon— $44,280/Branson This car isn’t a concours lawn ornament or a rotten plank. It’s a middling 1950s cruiser wagon. The selling price reflects it being in the range of a cruiser/driver, rather than an investment piece B. Mitchell Carlson RACE 62 2007 Peugeot 908 V12 HDi FAP Le Mans racer — $2,175,600/RM There has to be a huge FOB (First On Block) factor in play in this sale. If you want the only one of something special, you have to be willing to step up when the opportunity presents Thor Thorson 14 GLOBAL AUCTION COVERAGE 196 Cars Examined and Rated at Nine Sales MECUM AUCTIONS 68 Indianapolis, IN: In one week, 1,335 cars sold for $50.2m, and a $636k 1968 Chevrolet Corvette L88 led the way B. Mitchell Carlson RM AUCTIONS 78 Monte Carlo, MCO: 23 Ferraris add up to $24m and more than 56% of RM’s impressive $43m total Jérôme Hardy COYS 94 Monte Carlo, MCO: Bidders race to pay $1.5m for a Rolls-Royce Phantom III as Coys sells 32 cars for $6.2m Jérôme Hardy DRAGONE AUCTIONS 102 Westport, CT: A $1.4m Duesey kick-starts this new sale to a total of $4.9m John Lyons AUCTIONS AMERICA BY RM 112 Carlisle, PA: Spring Carlisle kicks off the season with a $2.5m opener, and a 1957 Corvette is top sale at $99k John Lyons BONHAMS 122 Monte Carlo, MCO: $365k for a replica Ferrari? $107k for a Fiat Jolly? Monaco fever pushes Bonhams to $2.4m Jérôme Hardy SILVERSTONE 130 Northamptonshire, U.K.: Racers and road cars sell for $1.125m, with a big chunk of the tally coming from the $326,080 sale of a 1973 Porsche Carrera RS 2.7 Jonathan Humbert ROUNDUP 140 Highlights from Silver Auction’s Spokane, WA and Classic Motorcar Auctions Novi, MI sales Jack Tockston, Patrick Campion EBAY MOTORS 146 Values of the Rising Sun Chad Tyson Cover photo: © Ron Kimball/www.kimballstock.com, courtesy of RM Auctions Sports Car Market

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42 California Mille COLUMNS 18 Shifting Gears With so many Cobras made, there will never be a shortage of them for sale. Unlike GTOs, where finding someone willing to sell is always harder than finding someone ready to buy, chances are if you had $800k in your pocket and wanted a Cobra, you could get one rather quickly Keith Martin 38 Affordable Classic: 1966–73 Fiat 850 Spider Having owned four of these sweet little Italian sports cars over the years, I think the 850 Spider offers lots of — albeit slow — fun at a real bargain price. Norm Mort 40 Legal Files How can car owners who are thinking about selling at auction avoid legal snarls and assure that the car gets and stays sold? John Draneas 50 Sheehan Speaks The top-end of the Ferrari market has accelerated into a brave new world of record prices for top-level cars, such as the $35m paid for a Ferrari 250 GTO this spring Michael Sheehan 162 eWatch The Babe’s jersey brings $4.4m, which would buy a lot of cars and car trinkets, including a $14.5k Wayne 492 gas pump Carl Bomstead FEATURES 42 California Mille: Four days and 1,000 miles brings breakdowns, fun and friendship DEPARTMENTS 20 Crossing the Block / Auction Calendar 24 The Inside Line: SCM Monterey Insider’s Seminar, Art Center Monterey Tour, Hot August Nights, Columbia River Concours d’Elegance and Car Show, Concorso Italiano 26 Contributors: Get to know our writers 28 You Write, We Read: Replica redux, O’Quinn’s folly 30 Display Advertisers Index 34 Time Pieces: Vacheron Reference 47000 34 Neat Stuff: Q Card Case, Perfect Wooden Woodie Board 36 In Miniature: Shelby Cobra 427 36 Book Review: McLaren: The Wins 100 Glovebox Notes: 2012 Jaguar XKR convertible 128 Fresh Meat: 2007 Ferrari F430 Spider, 2010 Nissan GT-R, 2010 Chevrolet Corvette ZR1 150 Mystery Photo: “Some people show up at a Halloween party, others arrive” 150 Comments with Your Renewal: “Just keep mailing your damn car rag — and wipe that smirk off your face” 152 Showcase Gallery: Cars for sale 158 Resource Directory: Meet your car’s needs SCM Digital 16 To sign up for your Digital Issue, go to www.sportscarmarket.com/digital or call 503.261.0555 Ext. 1 Sports Car Market

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Shifting Gears Keith Martin GTOs and Cobras: Investments or Insanity? Cobras are different I would suggest that the two most important figures in the collector car world to die in the past 24 years have been Enzo Ferrari and Carroll Shelby. Will Shelby’s passing engender the same logic-be-damned escalation of values that Enzo Ferrari’s death did in 1988? At the time, I was selling Ferraris at Ron Tonkin’s Gran Turismo in Portland, OR, and as soon as Enzo Ferrari’s death was announced, the rush was on. But it wasn’t a rush for vintage 250s, 275s, 330s and 365s. No, it was buyers lining up for freshly-minted 328 GTS and Testarossas — and sometimes paying nearly double sticker for them, over $150k for 328s and $250k for TRs. That seemed ridiculous to me at the time, and the market has borne me out. Both models were produced in relatively large numbers, 6,068 for the 328 GTS and 7,200 for the TR, neither had racing heritage and in the case of the TR, had styling that aged quickly and poorly. About $45k will put a very nice 328 in your garage these days, and a TR will set you back just a little more, perhaps $55k. The “Enzo-Death” bump was emotionally — not logically — driven, and prices fell when rationality returned. Cobras are a different matter. We all know that Shelby had his name If only you’d bought it in 1989 H ere at SCM, we like to maintain two simultaneous views of the collector world, with one seen through a long-range spotting scope, and the other viewed through close-range binoculars. For example, in the short-term viewfinder, the sale of a 250 GTO for $35m is a breathtaking escalation of the value of these most-watched Ferraris. Long term, isn’t it a sign that GTOs are finally being valued correctly? And with Carroll Shelby’s death, our inbox is already full of “mourning fans” who are offering up 289 and 427 Cobras at twice current retail. It’s all how you measure it In 1989, at the peak of the last boom cycle, the top price paid for a GTO was $13m. (All of these numbers are courtesy of our resident Prancing Horse guru, Mike Sheehan — who expounds on this subject from his perspective in his column on p. 50.) That’s a compounded rate of return over a 23-year period of just 4.4%. However, a headline that reads “Ferrari GTO Appreciates Over 4%!” is hardly as attractive as “World-Record Price!” The current valuation of GTOs has a sound basis. GTOs have a unique position in the collector car world, as they were built in small numbers — just 39 — represent the last front-engined Ferrari race car, were successful in their era, have instantly recognizable and pleasing styling — and can still be driven on the street. Further, a whole host of tours, concours and other events have grown up around the 250 GTO mystique, and the only key to enter this Magic Kingdom happens to be ownership of one of these exotics. Accordingly, the huge price collectors assigned to these cars has an underlying logic to it. Using our long-view scope, the top end of the collector-car market is finally emerging from the doldrums of the 1990–2008 period. While the new prices of great cars may shock when they appear as daily news, from a broader perspective they are completely correct and almost predictable. There’s no reason to think this escalation of values will subside — in fact, I believe we may be on the ground floor of the next great upsurge (didn’t want to use the word “bubble” there). 18 on a vast array of cars, from the seminal AC Cobra to the completely inconsequential 1986 Dodge Omni GLH-S. His most important cars are his earliest: the 260/289/427 Cobras, and to a lesser degree, the 1965–66 GT350s. Cobras have lived in the top tier of collectibles for decades, and their prices remain strong. Like the GTO, the Cobra was successful on the race track in its era, has an aggressive handsomeness and can be driven on the street. Also, like the GTO, a variety of events exist where having a Cobra (do I need to say a “real” Cobra?) is your only ticket to entry. The fundamental difference between the GTO and the Cobra is in numbers produced. With 1,069 roadsters built, more than 27 times more Cobras exist than GTOs. In practical terms, think of it this way: Each time you see a GTO at a concours, imagine seeing 27 of them instead of one. There were 22 GTOs on the field at Pebble last year, an impressive sight. If there had been 27 times than many, or 594, would it have been nearly so impressive? I think not. Will Shelby’s death cause the price of everything Shelby-related to skyrocket? There are two arenas to consider. In the memorabilia market, the chances are that we will see an immediate bump in Shelbyrelated trash and trinkets, from signed hats to paintings. Most of this stuff is not expensive, and a Shelby-autographed poster doubling from $500 to $1,000 is a harmless event. The real question is what will happen to 260/289/427 Cobra prices? My prediction is: not much. Cobras have been “market-priced” for some time now, with 260/289s selling in the $500k–$750k range, and 427s in the $750k– $1m range depending on provenance and condition. Verified, successful competition models can bring much more. With so many Cobras made, there will never be a shortage of them for sale. Unlike GTOs, where finding someone willing to sell is always harder than finding someone ready to buy, chances are if you had $800k in your pocket and wanted a Cobra, you could get one rather quickly. I have always liked Cobras both as cars and as collectibles, and if one fits in your budget, I would encourage you to have it. But I wouldn’t pay a significant amount above last month’s prices because Shelby is no longer with us, and I wouldn’t buy one now believing that it will go up 50% in the months ahead. I believe they are strong, wise investments at current market prices and that they will appreciate at the front of the market. They just don’t have the same underlying collectibility elements as the GTO, and they will not appreciate as much or as quickly. ♦ Sports Car Market

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Crossing the Block Tony Piff For more information about events marked with (*), see our exclusive 100-page Monterey Insider’s Guide Supplement, polybagged with this issue. H&H–Coupés & Cabriolets Where: Donnington, U.K. When: August 8 More: www.handh.co.uk The early headliners at this inaugural sale are a 1938 Lagonda LG6 drophead coupe; a 1946 Bentley Mk VI James Young coupe; a 1956 Aston Martin DB2/4 Mk II Vantage drophead coupe; a 1958 Jaguar XK 150 SE roadster; a 1964 Jaguar XKE 3.8 coupe and — standing in stark contrast — a 1968 Ford Mustang 390 GT fastback. Bonhams—Exceptional Motorcars and Automobilia at Quail Lodge* Where: Carmel, CA When: August 16–17 More: www.bonhams.com Last year: 65/128 cars sold / $10.7m Bonhams’ long-running Quail Lodge sale moves to a new, larger venue at the western end of the property this year. The featured early star cars are a 1997 McLaren F1 GTR “Longtail” FIA GT Endurance racer (contact Bonhams for estimate) and a 1966 Ford GT40 ($2m–$2.5m), both with extensive race history; a 1972 Ferrari 365 GTB/4 Daytona Competizione Spyder with coachwork by Michelotti (contact Bonhams for estimate); and three motorcycles from the rarely seen Crocker marque ($200k–$280k each). Mecum Auctions—Mecum at Monterey* Where: Monterey, CA When: August 16–28 More: www.mecum.com Last year: 443/707 cars sold / $22.2m The mix of consignments at “The Daytime Auction” includes a strong assortment of premium muscle alongside a variety of quality imports and foreign cars. Topping the headliners is a 1972 L&M Porsche 917/10 Spyder, the 1972 Can-Am Champion car, driven by George Follmer and Mark Donohue. Other important lots include a 1968 Lotus Type 56 Turbine Indy car, driven by Graham Hill and sold from the Richard Petty Collection; a recent Pebble Beach-winning 1936 Auburn 852 SC Boattail Speedster; a 1965 Shelby Cobra 20 1972 Ferrari 365 GTB/4 Daytona Competizione Spyder — Bonhams’ Exceptional Motorcars at Quail Lodge 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: chad.tyson@sportscarmarket.com. JULY 5—H&H Buxton, UK 7—ARTCURIAL Le Mans, FRA 7—SILVER Jackson Hole, WY 7—GIRARD Wakonda, SD 7—PETERSON Roseburg, OR 13–14—CLASSIC MOTORCAR AUCTIONS Canton, OH 14—COYS Oxfordshire, U.K. 14—SILVER Spokane, WA 17—BARONS Surrey, U.K. 18—BRIGHTWELLS Herefordshire, U.K. 20–21—MECUM Des Moines, IA 21—SILVERSTONE Northamptonshire, U.K. 21—SILVER Missoula, MT 22—SHANNONS Sydney, AUS 26—ARTCURIAL Monaco 28—RM Plymouth, MI 28—CHEFFINS Cambridge, U.K. AUGUST 3–4—MECUM Walworth, WI 4—SPECIALTY AUTO South Lake Tahoe, NV 4–5—VANDERBRINK Mabel, MN 8—H&H Donnington, U.K. 9–12—SILVER Carson City, NV 9–12—SPECIALTY AUTO Reno, NV 12—RM Nysted, DEN 16–17—BONHAMS Carmel, CA 16–18—MECUM Monterey, CA 16–18—RUSSO AND STEELE Monterey, CA 17–18—RM Monterey, CA 17–19—MIDAMERICA Pebble Beach, CA 18—CHEFFINS Harrogate, U.K. 18–19—GOODING & CO. Pebble Beach, CA 25–26—SILVERSTONE Hampshire, U.K. 26—H&H Warwickshire, U.K. 27—SHANNONS Melbourne, AUS 30–SEPT 2—AUCTIONS AMERICA BY RM Auburn, IN 31–SEPT 1—WORLDWIDE Auburn, IN SEPTEMBER 1–2—SILVER Sun Valley, ID 6–8—MECUM Dallas, TX 8—BONHAMS Beaulieu, U.K. 8–9—SILVERSTONE Cheshire, U.K. 14–15—CLASSIC MOTORCAR AUCTIONS Canton, OH 15—BONHAMS Chichester, U.K. 15—DAN KRUSE CLASSICS Austin, TX 15—VANDERBRINK Spearfish, SD 18—BARONS Surrey, U.K. 19—H&H Berkshire, U.K. 19–22—MECUM St. Charles, IL 20–22—BARRETT–JACKSON Las Vegas, NV 21–22—MOTOEXOTICA St. Louis, MO 21–22—ELECTRIC GARAGE Red Deer, AB, CAN 21–22—SILVER Portland, OR 26—BRIGHTWELLS Herefordshire, U.K. 29—VANDERBRINK Echo, MN Sports Car Market

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Crossing the Block Tony Piff For more information about events marked with (*), see our exclusive 100-page Monterey Insider’s Guide Supplement, polybagged with this issue. 289 roadster, in the same ownership since 1984, with rebuilt original engine, rack-and-pinion steering and rare dual-quad induction; a 1972 Ferrari 365 GTB/4 Daytona Spyder, with Borrani wire wheels and tool kit; a 1967 Pontiac Hurst Grand Prix convertible, confirmed by P.H.S. to be one of three built; and the MV Agusta Collection: 71 bikes offered as a single lot. Horch 853A Special Roadster, Best of Show at the Pebble Beach 2004 (estimate available upon request); a 1931 Rolls-Royce Springfield Phantom II Henley Roadster, in single-family ownership since 1971 and presented in perfect running condition ($700k–$900k). Russo and Steele—Sports & Muscle at the Marriott* Where: Monterey, CA When: August 16–18 More: www.russoandsteele.com Last year: 144/222 cars sold / $8.5m For 2012, Russo has shifted their downtown venue to a new location on the Monterey waterfront by Fisherman’s Wharf. The star cars are a 1964 Chevrolet Corvette fuelinjected “Supernova” racer, an accomplished period track star, then stored for 25 years, and now race-ready ($325k–$425k); 1937 Cord 812 Supercharged, one of only 1,066 Cord 812s produced in 1937 ($175k–$225k); and a1960 Ferrari 250 GT Pininfarina Series II cabriolet, restored to concours standard, with tool kit, build sheet confirming matching numbers and original Heritage Certificate #0001061 issued by Ferrari ($800k–$1m). RM Auctions—Sports & Classics of Monterey* Where: Monterey, CA When: August 17–18 More: www.rmauctions.com Last year: 123/144 cars sold / $78.2m Among the many heavy- hitters at this record-breaking auction are a 1938 Talbot-Lago T23 Teardrop Coupe, one of only five created for Talbot-Lago in the “Jeancart” style by Figoni et Falaschi, well maintained, restored and mechanically sorted ($2.5m–$3.2m); a 1955 Ferrari 410 S Berlinetta, the second of just four 410 S cars built, with unique Berlinetta coachwork, available at auction for the first time (estimate available upon request); a 1968 Ford GT40 Gulf/ Mirage lightweight racing car, with extensive race history, and later used as the camera car for the film “Le Mans” (estimate available upon request); a 1938 22 MidAmerica—Vintage Motorcycle Auction & MarketPlace at Pebble Beach RetroAuto* Where: Pebble Beach, CA When: August 17–19 More: www.midamericaauctions. com Last year: 38/98 bikes sold / $667k The star of MidAmerica’s fourth annual Pebble Beach sale is a complete collection of correct 1963–68 Triumph TT Specials, offered together as a single lot. The event is structured as a “marketplace” rather than an auction, meaning the bikes are available for “instant purchase.” Gooding & Company—The Pebble Beach Auctions* Where: Pebble Beach, CA When: August 18–19 More: www.goodingco.com Last year: 106/126 cars sold / $78.2m Gooding’s highly anticipated Pebble Beach sale will feature many million- and multimilliondollar cars from across the collector car spectrum. Early star consignments include a 1955 Maserati A6G/54 Frua Berlinetta, offered from the collection of Jay Kay, lead singer of Grammy Award-winning Jamiroquai ($1.5m–$2m); a 1966 Shelby 427 Cobra, with lifelong documentation, date-coded 427 FE big block, original, black interior, and restored exterior to original Wimbledon White ($750k–$950k); a 1938 Bugatti Type 57C Stelvio, originally owned by Prince Louis Napoleon ($1.3m–$1.6m); a 1969 Bizzarini Manta Giugiaro GT Coupe ($1m–$1.5m); a 1955 MercedesBenz 300SL Gullwing ($600k– $750k); a 1959 Mercedes-Benz 190SL Roadster ($100k–$130k, no reserve; a 1961 Jaguar XKE Series I 3.8-liter roadster ($140k– $170k, no reserve); and a 1973 Porsche 911S 2.4 ($120k–$140k, no reserve). Auctions America by RM–Auburn Fall Where: Auburn, IN When: August 30–September 2 More: www.auctionsamerica.com Last year: 679/1,137 cars sold / $18.4m America’s love of the open road will be a theme at Auburn Fall this year, led by a 1931 Ford Model A Deluxe and trailer, custom built by a traveling salesman ($150k–$225k). The custom- built, single-axle camper is a 20-foot-long rolling fishing cabin with twin bunk beds, a hooded gas stove, icebox, sink, writing desk and cabinets housing original enamelware cookery and utensils. In addition to the nearly 1,500 cars for sale, Auburn Fall will feature a seminar and special display devoted to the 50th anniversary of Carroll Shelby’s Cobra and Mustang. Worldwide Auctioneers—The Auburn Auction Where: Auburn, IN When: August 31–September 1 More: www.wwgauctions.com Last year: 243/374 cars sold / $13.3m The Auburn Auction has found a new venue for its annual auction, now in its fifth year: the National Auto and Truck Museum (NATMUS), housed in the former factory L-29 Cord building of the legendary Auburn Automobile Company. As an integral component of the long-standing Auburn Cord Duesenberg Festival Weekend, look for premium Heavy Iron to be prominently featured. The two-day event kicks off with “All Ford Friday, held in association with the Early Ford V8 Foundation. Proceeds from a 2004 Ford GT Factory test mule, will go directly to NATMUS itself. ♦ 1938 Horch 853A Special Roadster by Erdmann & Rossi — RM Auctions’ Sports & Classics of Monterey Sports Car Market Andy Marks © courtesy of RM Auctions

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Inside Line Chester Allen Send news and event listings to insideline@sportscarmarket.com. OR. The Columbia River Concours Tour travels over scenic roads in Clark County, WA, on August 5. SCM is a sponsor of this event. Adult admission is $10, and children younger than 12 attend for free. www.columbiariverconcours.com. (WA) ■ Concorso Italiano — the Donald Osborne tells it like it is at last year’s SCM Monterey Insider’s Seminar SCM news ■ Donald Osborne will start the 11th Annual SCM Monterey Insider’s Seminar with his “10 Reasons NOT to Buy and 10 Reasons You MUST Buy in Today’s Market.” This fun and informative program will include lots of back-and-forth with audience members. The SCM panel of experts, along with Publisher Martin — fresh from shooting new episodes of “What’s My Car Worth” — will then lead a panel discussion of the changing values of trend-setting cars that we’ve been tracking for more than a decade. The seminar is on Saturday, August 18, from 9 a.m. to 11 a.m. at the Gooding & Company Auction Pavilion at Pebble Beach. Seminar panelists include Miles Collier (Collier’s Choice), Carl Bomstead (American Sports and Muscle), Donald Osborne (European Sports and Racing — except Ferraris), and Steve Serio (Ferrari and late-model exotics). Panelists also will offer detailed examinations of select cars that will be offered at auction. Sponsors include Gooding & Company, Chubb Personal Insurance, Intercity Lines, and Meguiar’s. Space is limited, so register today. Admission is complimentary for SCM Platinum members, $25 for subscribers and $50 for non-subscribers. For the latest details, visit www.sportscarmarket.com/monterey2012. (CA) 24 Events ■ Well, the best month of the year for car guys is finally here, and we can’t think of a better way to get to Monterey than a two-day drive on back roads from Pasadena — and arriving just in time for all the delights of Car Week. SCMer Martin Swig of California Mille fame is once again leading his Art Center Monterey Tour on August 12–13, and it’s also a benefit for the Pasadena-based Art Center College of Design, which is where many car designers get their start. This event is open to any car possessing design merit. The price of all this fun is $200 per car, plus a donation to the Art Center. www.californiamille. com (CA) ■ Hot August Nights is probably the only Reno-based event where more people are out on the streets and sidewalks than in the casinos. And this isn’t surprising, as this mammoth extravaganza of thousands of hot rods, muscle cars, street rods and classic cruisers brings more that 800,000 gearheads to Reno each year. This year’s bash starts in South Lake Tahoe on August 3–5, and then the whole party packs up and moves to Reno — where it gets much bigger — from August 7 to 12. Expect traditional car shows, car cruises, swapmeets and muscle, muscle, muscle. www. hotaugustnights.net. (NV) ■ The Third Annual Columbia River Concours d’Elegance and Car Show on August 5 will bring 43 classes, including Mustangs, Pre- and Post-World War II Ford and Chevrolets, Jaguar, MercedesBenz and even Sports Cars and Tourers $2,500 to $6,000 — where are those MGBs from last summer? — to Officer’s Row National Historic District in Vancouver, WA — just across the Columbia River from SCM World Headquarters in Portland, best all-day party, car show, concours and social event of Monterey Car Week — brings the La Dolce Vita to Laguna Seca Golf Ranch near Monterey on August 17. This year’s bash celebrates Bertone-designed cars, including the amazing Nuccio concept car. Horacio Pagani will return to Concorso this year, and he’s bringing along his Huayra super car. Of course, expect to find hundreds of beautiful Alfa Romeos, Ferraris, Maseratis and other terrific Italian cars. SCM Publisher Keith Martin returns for his 14th year as emcee. www.concorso. com (CA) ■ Inside Line is heavily salted with Monterey Car Week this month — and for good reason. Just about the entire world of car collecting gathers on the Monterey Peninsula from August 12 to 19. It’s still not too late to drive into the happy madness of the week. You’ll empty your wallet and torch your credit cards, but magnificent cars, great events and wonderful people are everywhere. Read all about the week in our special, 100-page Monterey Insider’s Guide, which is included with this issue of SCM. Now, if you do go — and get seduced into buying a new addition to your garage — that just means you’re a true SCMer. ♦ Concorso Italiano Sports Car Market Tony Piff Chester Allen

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SCM Contributors JÉRÔME HARDY, SCM auction analyst, is a lifelong gearhead whose best memories have always been linked to cars. At age 17, his first mistress was an Italian in the form of a 1971 Lancia Fulvia, followed by more costly Europeans, represented today by a 1961 Ferrari 250 GTE. His first engine rebuild was the 350-ci small-block in his 1970 Buick Skylark, which he acquired during a seven-year stint in New York City. Now based in Paris, Hardy enjoys the sheer size of his Mercury Grand Marquis Colony Park wagon and the unwashed 1939 Packard Super Eight he purchased in Portland, OR, and now wheels around Paris. He recently attended the RM, Coys and Bonhams auctions in Monaco, and his reports are on p. 78, p. 94 and p. 122. ALEX HOFBERG, SCM contributor, is the owner of Watchworks Inc., a fine-watch and jewelry shop he founded in 1991 in Portland, OR. Hofberg is a recognized expert in the field of collectible and modern watches, and he also does repair work, which gives him an intimate familiarity with these diminutive machines both inside and out. He is a member of the International Watch and Jewelry Guild and the National Association of Watch and Clock Collectors. Hofberg well understands the dual collector mentality with regard to watches and sports cars, as he is afflicted with his own wild enthusiasm for both. His wife, Maureen, and son Max support, enable and occasionally participate in his collecting passions. This month, he examines Vacheron Constantin Reference 47000 watches in his regular Time Pieces column on p. 34. JOHN DRANEAS, SCM columnist, practices law in the Portland, OR, suburb of Lake Oswego, where his primary focus areas are tax and estate planning, business organizations and transactions, and representation of collector car owners. He is a past-president of the Oregon region of the Porsche Club of America and served as the chairman of its 2006 Parade. Draneas is one of the founders of Friends of PIR, a nonprofit formed to keep Portland International Raceway from becoming an industrial development. His collection includes two Porsches, a Ferrari, an Alfa, a Lotus, a BMW daily driver, and a John Deere tractor. When he isn’t working or driving, he is indulging his inner gourmet, drinking great wine, sailing in the Caribbean, or trying to keep Publisher Martin out of trouble. This month, his “Legal Files” column on p. 40 explains what sellers should do before consigning a car to auction. CHAD TYSON, SCM data analyst, opted for a more formal education on automotive technology at WyoTech, in Laramie, WY, after tearing into his 1967 Chevrolet Camaro at age 17. A few years later, he wound up at a Ford dealership for a while, specializing in repairing PowerStroke turbo diesels, and enjoying rekeying Focus ignition lock cylinders. Although his early preference was late-’60s GM muscle, he isn’t afraid of oddball and unique engineering. He has a fondness for dreamily searching for cars on eBay Motors and tromping around junkyards. He is a valuable part of getting auction information into the magazine. He’s also part of SCM’s traveling road show, so look for him at SCM booths throughout the year. Check out his eBay column on p. 146. 26 Sports Car Market Publisher Keith Martin keith.martin@sportscarmarket.com; 503.261.0555 x 210 Executive Editor Chester Allen chester.allen@sportscarmarket.com; 503.261.0555 x 203 Art Director David Tomaro david.tomaro@sportscarmarket.com; 503.261.0555 x 202 Managing Editor Jim Pickering jim.pickering@sportscarmarket.com; 503.261.0555 x 208 Digital Media Director Jeff Stites jeff.stites@sportscarmarket.com; 503.261.0555 x 202 Auctions Editor Tony Piff tony.piff@sportscarmarket.com; 503.261.0555 x 206 Data Analyst Chad Tyson chad.tyson@sportscarmarket.com; 503.261.0555 x 207 Copy Editors Yael Abel, David Tomaro Senior Auction Analysts B. Mitchell Carlson, Carl Bomstead, Paul Hardiman (Europe) Auction Analysts John Clucas (Australia), Daniel Grunwald, 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), Prescott Kelly (Porsche), Michael Sheehan (Ferrari), Thor Thorson (Race Cars) Contributors John Apen, Diane Brandon, Marshall Buck, Miles Collier, Martin Emmison, Paul Hardiman, Jay Harden, Alex Hofberg, Simon Kidston, Ed Milich, Stephen Serio, John L. Stein Information Technology / Internet Bryan Wolfe bryan.wolfe@sportscarmarket.com; 503.261.0555 x 215 Lead Web Developer Marc Emerson marc.emerson@sportscarmarket.com; 503.261.0555 x 212 SEO Consultant Michael Cottam me@michaelcottam.com; 503.283.0177 Financial Manager Nikki Nalum nikki.nalum@sportscarmarket.com; 503.261.0555 x 205 Strategic Planner Bill Woodard Print / Promotions Manager Wendie Martin wmartin@enthusiastmediagroup.com; 206.427.1652 Executive Producer, SCM Television Roger Williams roger_williams@earthlink.net ADVERTISING Display Advertising Executives Tom Mann tom.mann@sportscarmarket.com; 877.219.2605 x 211 Jeff Brinkley jeff.brinkley@sportscarmarket.com; 877.219.2605 x 213 Randy Zussman randy.zussman@sportscarmarket.com; 877.219.2605 x 214 Tom Williams tom.williams@sportscarmarket.com; 877.219.2605 x 219 Classified Advertising classifieds@sportscarmarket.com SUBSCRIPTIONS Subscriptions Manager Rich Coparanis rich.coparanis@sportscarmarket.com; 503.261.0555 x 217 Advertising Coordinator / Web Content Administrator Erin Olson erin.olson@sportscarmarket.com; 877.219.2605 x 218 To order new subscriptions or for questions about current subscriptions 877.219.2605, x 1; service@sportscarmarket.com, fax 503.253.2234 M–F 9 am to 5 pm PST @scmhelp 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 Ave., 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 © 2012 by Sports Car Market, Inc., Automotive Investor Media Group and Automotive Investor 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

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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 Real praise for a replica To the Editor: I loved Gary Anderson’s “They’re Not Real, But They’re Real Fun” (June 2012, “Affordable Classic, p. 28). Great topic and superb writing (as always). And of course he referred to Terry and Darlene Larson’s Cand D-type Tour. And, of course, thank you for publishing a picture of my Peter Jaye Replica C-type. Starting with the Peter Jaye replica: It had been built by Peter Jaye as the last C-type replica he did in the early 1990s. It was commissioned by Bill Tracy of Florida, who happened to have found the real cylinder head of my original C-type XKC023. The real head had been replaced in 1956 (historically noted) by then owner Ces Critchlow with a new and better replacement part XK 140 “C-type” head. Tracy wanted to have an exact copy of XKC023 in every detail to boast that he had found the right “C” (while the real car was hidden in Oroville, CA, but still known to some C-type experts). In short, with the help of Terry Larson, I purchased the car at the RM Auction of the Ponder Collection at Marshall, TX, in 2007, and I brought it to Terry in Mesa, AZ. After some correction to parts of the body (windscreen, etc.) and also some mechanical updating, the car looks and drives today exactly like my original C-type residing at my home in Switzerland. Even the authentic Carmen Red color is exactly the same. No question, Peter Jaye did superb work in building the replica. Were it not for the Borrani wheels, you could not distinguish the two cars. Of course, the Peter Jaye replica is now clearly marked as a replica, so no future sacrilegious misrepresentation could be done if the car should ever be sold. Needless to say, it does no longer sport the original cylinder head. That one has been replaced by some other XK head. The original head is now residing in my garage in Switzerland. Now to the article: Of course, in true Gary Anderson manner, it is very well researched and to the point. Perhaps a minuscule detail: Peter Jaye built no more than 11 28 Maybe your experts will be able to tell from the pics whether it is ‘Real or is it Memorex?’ C-type replicas (his own words). But they all are extremely hard to differentiate from a real car — a point that had led some German owner to claim his Jaye-car to be an original — although it is clearly showing an incorrectly stamped chassis number — upside-down and wrong fonts — and the second “secret” C-type number is missing altogether. Peter even used some steel for the tubular chassis with the same metallurgical properties as the original metal. But, by detailed inspection, one will observe the welding to be more modern (MIG) than on the original. Those replicas are wonderful drivers, behaving on the road exactly like the original. Their monetary values have crept up considerably in the past years, topping the $200k mark. In fact, you may call the top-quality Cand D-type replicas the “Jaguar” with percentage-wise the steepest increasing prices. So, even the replicas have come into their own, and there is just as vivid a market in top-quality replicas as in other cars of the make. I like your comments on Keith Martin’s remark of 1996. Today, replicas serve a very good purpose. They give the feeling of the original at a fraction of the price for the real car. But you are absolutely correct, there is a vast difference between a Peter Jaye (or similar quality) replica and some fiberglass-bodied attempt to look like a “C” or a “D” but built on a modern chassis. Whereas the first is a true joy to own and rightfully an owner can be proud of his car, the other you might refer to as a streetwalker in comparison — it is a “would like to be.” And if you need one more purpose for owning a replica: It is my own case. I have the real car back home here on the Lake of Zurich to drive it on mostly congested Swiss roads and have my Peter Jaye replica to enjoy the mostly empty but superbly built and maintained open roads of the Arizona highland. Of course, it would be way too expensive — and perhaps even risky — to keep shuttling my real XKC023 forth and back between Switzerland and Arizona, whereas my Arizona-based Peter Jaye car gives me the greatest pleasure every time I take part in the C- and D-type Tour. — Christian Jenny, via email Real or replica? To the Editor: I found Gary Anderson’s article (June 2012, p. 28) about the replica D-type Jags to be quite interesting. I thought I would share some pics I took several years back from my moving truck of a D-type on a trailer headed west on I-70 west of Indianapolis. Hopefully someone is having loads of fun with it by now. Maybe your experts will be able to tell from the pics whether it is “real or is it Memorex?” — John Kindell, via email Lessons from the O’Quinn Collection To the Editor: I enjoy the magazine…and the new format of “What’s My Car Worth?” and the Roundup section that takes us to some smaller events. I was just reading the report on the RM event at Amelia Island (June 2012, p. 78). In it, Carl Bomstead notes the prices paid by the late John O’Quinn for the 1929 Duesenberg Model J Convertible Berline and the 1931 Packard Deluxe Eight Convertible. Sports Car Market

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You WriAd Indexte We Read 109 Cheese & Wine ................................... 131 2shores International .................................. 113 American Car Collector ..................... 117, 155 Angie’s List .................................................111 Aston Martin of New England ................... 123 Auctions America ......................................... 19 Automotive Restorations Inc. .................... 151 Autosport Designs ........................................ 45 B & T Specialty Classic Car Auctions ......... 31 Barrett-Jackson ............................................ 29 Bennett Law Office .................................... 157 Beverly Hills Car Club ............................... 127 Blackhawk/Auto Collections Inc ................. 77 BMW Car Club of America, Inc. ................. 43 Bonhams / SF ............................................... 25 Branson Collector Car Auction .................... 33 Canepa .......................................................... 47 Carlisle Events ............................................. 75 Carrera Motors ............................................. 91 Carriage House Motor Cars ........................8-9 Century 1031 Exchange, Inc. ..................... 138 Charles Prince Classic Cars ....................... 101 Chubb Personal Insurance ............................ 27 Classic Motorcar Auctions ......................... 105 Classic Restoration ....................................... 71 Classic Showcase ......................................... 97 Cobalt Automotive LLC ............................ 163 Collector Car Price Tracker ....................... 148 Collector Studio ......................................... 135 Columbia River Concours .......................... 143 Competition Classics ................................. 145 Concorso Italiano ......................................... 57 Copley Motorcars ....................................... 149 Cosdel ........................................................ 145 DC Automotive .......................................... 110 Donn Vickrey Fraud Prevention ................ 151 Dragone Classic Motorcars Inc. ................. 115 Driversource Houston LLC .................... 39, 83 European Collectibles ................................ 141 Exhibitions & Trade Fairs ............................ 65 F40 Motorsports ......................................... 143 Fantasy Junction ......................................... 133 Ferrari Financial Services .......................... 117 Fourintune Garage Inc ............................... 157 Gooding & Company ..................................... 2 Grundy Insurance ....................................... 121 Gullwing Motor Cars, Inc. ......................... 139 H & H Sales Limited .................................... 81 Hagerty Insurance Agency, Inc. ................... 37 Hamann Classic Cars ................................... 85 Heacock Classic .......................................... 21 Healey Lane ............................................... 125 Heritage Classics .......................................... 73 Hillsborough Concours ................................ 99 Hilton Head Island Concours ..................... 110 Hyman, LTD .............................................. 109 Intercity Lines .............................................. 41 JC Taylor ...................................................... 69 JJ Best Banc & Co ..................................... 153 Kastner & Partners Garage ........................ 131 Kidston ......................................................... 23 Kirkland Concours d’Elegance .................. 103 Liberty Motors, USA ................................... 92 Louisville Concours d’Elegance ................ 123 Mac Neil Automotive Products Ltd ............. 79 Mecum Auction .......................................12-13 Mercedes Classic Center ............................ 125 Mershon’s World Of Cars .......................... 113 Mid America Auctions ................................. 89 Miller’s Mercedes Parts, Inc ...................... 149 Motor Classic & Competition Corp. .......... 149 Motorcar Gallery ........................................ 115 P21S ........................................................... 129 Paul Russell And Company ....................... 129 Pebble Beach Concours ............................... 35 Petersen Automotive Museum ................... 145 Photos By Teej ........................................... 127 Premier Classic Car Collection .................. 164 Pro-Team Corvette Sales, Inc..................... 119 Putnam Leasing ............................................ 51 Quail Lodge Resort & Golf Club ................. 46 Reliable Carriers .......................................... 67 Richard Morrison ....................................... 151 RM Auctions .......................................... 15, 17 Road Scholars ............................................ 107 Ron Tonkin Gran Turismo ......................... 135 RPM Auto Books ....................................... 157 Russo & Steele LLC ...................................6-7 SCM Monterey Insider’s Seminar ............... 32 Scott Grundfor Company ........................... 141 Silver Collector Car Auctions .................10-11 Sports & Specialist Cars ............................ 121 Sports Car Market .............................. 137, 147 SWISSVAX AG ........................................... 95 Symbolic Motor Car Co ................................. 3 Take Your Car To Auction, LLC ................ 149 The Last Detail ........................................... 139 The Stable, Ltd. ............................................ 87 Vicari Auctions ............................................. 93 Vintage Rallies ........................................... 133 VintageAutoPosters.com ............................ 157 Worldwide Group ........................................4-5 Zymol ........................................................... 64 30 You Write We Read Unfortunately, O’Quinn bought most of his cars in the healthy pre-2008 market. Sadly, he had the financial (and otherwise) bad luck to pass away during a down market… The O’Quinn estate lost $397k on the Duesenberg and $176,000 on the Packard. Over the past year or two, I’ve watched as cars from the O’Quinn Collection were sold (most of the cars were identified as O’Quinn cars in the auction reports when they were sold). Some have made a healthy profit, some stayed static, while others were sold at a loss. Unfortunately, O’Quinn bought most of his cars in the healthy pre-2008 market. Sadly, he had the financial (and otherwise) bad luck to pass away during a down market. Also, it didn’t help that it looks like he clearly overspent on some of his cars, seemingly having a “live like there’s no tomorrow” attitude when building his stillborn collection. (This presents us with a number of lessons on a number of levels.) Using your database, I’m guessing it would be fairly easy for your staff to prepare an article that would give us a balance sheet of the collection sell-off. It would give us a lesson that all markets have up and down cycles — even for “blue-chip” cars — and warn us of the dangers of auction fever when buying a car. Unlike other collectors who have made similar investments, O’Quinn is no longer around, so he won’t be embarrassed by the facts, thus preventing possible awkward moments for you at Pebble Beach or Amelia Island. Again, I enjoy the magazine and I’m considering subscribing to your new American Car Collector magazine. I love reports on Brass and Classic-era cars. — John Boyle, Colbert, WA Keith Martin responds: John, thanks for the kind words and the story suggestion. You’ve got something there, and we’ll take a look at it. Fast tips from Murray and Archie To the Editor: I enjoyed Murray Smith’s “From the Paddock” review of Driving on the Edge in the July issue (p. 46), as well as his thoughts about competition driving. Many of your readers who are owner/drivers of important historic race cars — or who are just racing oriented — might also benefit from looking at the “Safe is Fast” online video tutorial program (www.safeisfast.com), sponsored by the Road Racing Drivers Club with the support of the FIA. The RRDC was formed in the 1950s, both as an exclusive club for championship-level race drivers and as a sponsor of driver safety and training, and the “Safe is Fast” program was developed under current RRDC president Bobby Rahal (who was preceded in that role by such racing luminaries as Mark Donohue, Walt Hansgen and Brian Redman). The “Safe is Fast” series fea- tures many team owners and racing greats from all aspects of the sport, including Dario Franchitti, Chip Ganassi, Patrick Long and Roger Penske, as well as a wide range of knowledgeable support professionals. The series covers physical fitness, mental preparation, car dynamics, driving techniques, career development and marketing and sponsorship. Whether you are an aspiring young professional looking to build a career, or a longtime amateur weekend warrior — like Murray or me — looking to improve your times on the historic circuit, you will learn a lot from this terrific program. — Archie Urciuoli, Casey Key, FL Errata In the Cobra Drag Car profile in the July issue (American Profile, p. 60), the two sentences mentioning the Shelby market fluctuating since Carroll Shelby’s passing — and the curiosity of where it will go from here — were added by SCM during editing. This not the opinion of the author, Colin Comer. We regret any confusion this may have caused. Sports Car Market

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GOODING & COMPANY, CHUBB COLLECTOR CAR INSURANCE AND SPORTS CAR MARKET PRESENT THE 11th ANNUAL SCM MONTEREY INSIDER’S SEMINAR “10 Reasons NOT to Buy and 10 Reasons You MUST Buy in Today’s Market” SATURDAY, AUGUST 18 Gooding & Company Auction Pavilion, Pebble Beach, CA • 9–11 a.m. The Insider’s Seminar will feature a panel discussion with SCM experts, led by Keith Martin. They will offer detailed examinations of select cars to be offered at auction. Panelists include: Carl Bomstead American Sports & Muscle Miles Collier Collier’s Choice Donald Osborne European Sports & Racing (excluding Ferraris) Space is limited — sign up today Complimentary admission for SCM Platinum members; subscribers, $25; non-subscribers, $50 To enroll, and for the latest information, go to www.sportscarmarket.com/monterey2012 or call 503.261.0555 x 217 Steve Serio Ferraris & Late-model European Exotics

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Time Pieces by Alex Hofberg Not all watches have to be huge. A Slender, Classical Watch Not all watches have to be complex. Not all watch companies strive to gain or maintain market share by offering timepieces that are a cross between John Harrison’s inordinately complex first clock and Flavor Flav’s iconic clock necklace. Some watch manufacturers are content to offer quiet, dignified, modestly sized timepieces that are more like a bespoke suit than a zoot suit. One such company is Vacheron Constantin, which can boast of being the oldest continuously operating watch brand in the world, having been founded in Geneva, Switzerland, in 1755. Although Vacheron has made — and continues to make — a variety of complex timepieces, most of their watches have characteristic elements of classical architecture, numerals and fonts that might be considered monastic — and all of the garishness of a bottle of fine imported cognac. An example imbued with these Details Production Date: 2008 Best Place to Wear One: On the Opening Night of the Metropolitan Opera Company’s debut of “Rigoletto.” Ratings ( Rarity: Durability: Parts/Service Availability: Cool Factor: Web: www.vacheron-constantin.com is best): ideals is shown. This watch was created as part of the Les Historiques Collection. Vacheron looked back into their own archives to create a modern line of watches that are classic in nature — but wholly modern in performance. This watch, known as Reference 47000, has a traditional dial with three extra elements: a seconds hand located at the lower position, a calendar hand at the upper right, and a simple, sector-style hand Neat Stuff by Tony Piff iPhone, photo ID, two cards and a couple of folded bills — a Farewell, Wallet month of testing the Q Card Case has convinced me that I truly don’t need anything else taking up space in my pocket. The slim shape feels grippy and durable in hand, offers excellent screen and edge protection, and slides in and out easily. I keep mine in my back pocket. One clear scratch-resistant screen protector is included. $39.99 from www.cm4.com that offers a power reserve indicator that serves as a form of gas gauge to show how much wind the mainspring has. The rest of the dial features a mix of Roman numerals and faceted markers set on a guilloched — engine-turned — dial. The 18-kt white gold case has strength and lovely heft without seeming bulky and the case back is mounted with a rear crystal to offer a view of the beautifully finished automatic movement. Furthering the ideal of the elegant watch is the overall slimness of the case. At only 9 mm thick (.35 inch), this watch will slip under most cuffs with ease and become a part of an ensemble rather than screaming for attention. The 45-jewel, nickel-finished movement features lovely perlage striping across the bridges, which is continued on the oscillating weight. To give the weight extra mass — and therefore extra momentum to keep the watch wound efficiently — the weight has a 22 karat solidgold rim. Although the watch has an official water resistance rating of 30 meters, this is not the kind of watch to put to that sort of test. Aside from the risk, you will quickly ruin the crocodile strap. When this watch was introduced a few years ago, the original retail price was just under $20,000. The watch has since been discontinued, but used examples are often available under $12,000. Given that a new Vacheron with comparable features costs roughly $50,000, the 47000 is a relative steal in the marketplace. An added benefit to collecting in this genre is that the prior owner likely treated this watch like a fine sports car rather than an SUV, which often translates to near-new condition. Chuck Your Foam Shortboard SCM surf bum (and Executive Editor) Chester Allen calls the Cutwater hollow longboard by Grain “the perfect collector surfboard to adorn the roof of your perfect collector woodie.” Lightweight white cedar is bent around a CADmachined interior wood frame, for an impossibly fast, responsive ride. SCMers will appreciate the aesthetic confluence of cutting-edge performance, New England boat-building tradition, and authentic California cool. Priced at $2,450, Editor Allen says it’s “a great value, and most of those woodies carried around wood surfboards.” The board is offered as part of Bench & Loom’s limited “Beach Shop” summer collection. Built in Maine to your spec. www. benchandloom.com © 34 Sports Car Market

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In Miniature by Marshall Buck Shelby Cobra 427 (CSX4000 Series) The highly revered 427 Cobra is, without a doubt, the most replicated car in the world. This car simply means so much to so many — regardless of how archaic it may be — and I love it. There are as many Shelby Cobra models and toys as there have been actual, road-going replicas. Kyosho rides the Cobra bandwagon, as they have pro- duced a plethora of Cobra variants in 1:43 and 1:18 scales. Now they bring us three different 1:12 scale versions. Our Silver sample is the second of their 1:12 scale Cobras. The other two are nice — and one is in my favorite Guardsman Blue — but both have ridiculous white roundels. This model is terrific, and rates an 8 on a scale of 1 to 10. The high-gloss metallic paint finish is great, as is the overall fit and finish of all parts. Various exterior details, such as lights, emblems and chrome parts are superb. But the model is not without issues. First off, Kyosho only used a new CSX4000 series car as their reference point. Why did they do that? The answer is simple. There was a new 4000 series car available to them in Tokyo. Hence, no travel and NO proper research happened. If you want to pretend the model is of an original Model Details Production Date: 2011 Quantity: Limited editions of 1,000 in silver; 2,000 in blue with white stripes and roundels, and 1,000 in Guardsman Blue with white stripes and roundels SCM Five-Star Rating: Overal Quality: Authenticity: Overall Value: Web: www.kyosho.com car, it’s pretty hard to get past the billboard-like Goodyear Eagle tire lettering, which exists on all of the versions. The side pipes look great — until you notice that they hang too low and too far from the body. This is not terrible, but it is not excusable either. The front fender flares are a bit overdone in shape, but they are passable. Less noticeable is the incorrect height and shape of the hood scoop. And get rid of the terrible pseudo license plate on the trunk. If you like working parts, this model has them in the form of doors, hood and trunk, along with hinged supports. The suspension functions, and front wheels turn a few degrees left and right. The Speaking Volumes by Mark Wigginton McLaren: The Wins By David Tremayne, Coterie, 320 pages, $49.86 (Amazon) Celebrating all of the wins by McLaren, from 1964 through 2011, takes a lot of space, a lot of research and a lot of respect for the marque. Think about it — through 2011, there were 636 documented wins by a McLaren, in sports cars, open-wheeled cars, Indy cars and Formula 1. The winning started with Bruce McLaren in his own car at Riverside in a qualifying race for the LA Times Grand Prix, and it hasn’t stopped, as Lewis Hamilton added a F1 win in Canada this season. There have been wins at nearly every track of note during the past half century, with cars driven by the best shoes in the world. Ayrton Senna won 35 races for McLaren. The rest of the top 10 drivers show how dominant the teams were across the decades, series and continents: Peter Gethin (31), Dennis Hulme (30), Alain Prost (30), John Jordan (24) Bruce McLaren himself (21), Mika Hakkinen (20), Graham McRae (16), Johnny Rutherford (16) and active McLaren driver Lewis Hamilton (18 and counting). British motorsports journalist David Tremayne, who does F1 coverage for The Independent and is three-time winner of the Guild of Motoring Writers Journalist of the Year award, has created a detailed look at the wins, race by race, including who was on the pole, who finished on the lower steps of the podium and who had the fastest lap, from Tasman Series to Can-Am to Formula 3 to Formula 1. Open McLaren: The Wins at any page, and you’ll find short, concise race histories, photos and race posters, right down to regional SCCA races during the 1960s. It’s an essential, detailed piece of research, which also has the added beauty of being good reading and full of lovely images. 36 Provenance: Tremayne is a total pro, and his F1 race reports are worth the Internet trip to The Independent newspaper site for on-the-scene insights, solid reporting and nicely detailed descriptions. He brings all those skills to McLaren: The Wins. Fit and finish: While the format and de- sign are handsome, the bindery work is subpar. But most damaging is the flopping of the opening color image on the first decade: McLaren pumps his fist in the air after crossing the line at Riverside heading into the right hander over the tunnel. What? Right-hander? That’s a fast left. All this explains the backwards 4 on the side of the car. Bad designer. Bad. Photos do NOT get flopped for your aesthetic whims. Drivability: Tremayne has the most difficult of tasks here: write short. Writing about each and every event means just a bit of text can be used, or the book would become 1,200 pages long. Being the old newspaper pro he is, writing tight, bright, lean prose makes the book better, not worse. There are plenty of stories across five decades of racing, and Tremayne recounts the best without a wasted word. ♦ Sports Car Market wind wings and sun visors (though with too light of a tint) all pivot perfectly on tiny hinges. The hood latches work to lock it in place, as does the T handle on the trunk lid. My favorite is the chrome-plated, quick-release gas cap. You flip the latch down and raise the cap. All hinges on every part work flawlessly. Engine detail is pretty good, but it certainly could have been better. Mine will be displayed with the hood closed. There is good chassis detail, with complete frame and suspension parts. Much attention was paid to the relatively sparse interior, which features almost perfect detailing. Chrome bezels surround the legible dash gauges. You’ll find pedals with Shelby logos, in-scale carpeting, the infamous, forward-facing shift lever looking ready to use, and 4-point Simpson racing belts with all the proper hardware. A tiny fire extinguisher is mounted between the seat backs. Also included is a cloth tonneau cover for the cockpit that is supposed to fit on the little raised snaps on the body. The cover does not work well. Kyosho would have done better to incorporate a little more engine detail rather than the ill-fitting tonneau. Regardless of its issues, this is the best 427 Cobra model produced in any scale. It is a great value at $550, and it can be found discounted on eBay.

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Affordable Classic 1960s–70s Fiat 850 Spider Slow to Speed, Fast to Rust The secret of finding happiness with a Fiat 850 Spider is finding a very good one. The cost of restoring a $2,000 example is too expensive by Norm Mort Spider model. The 79.8-inch wheel- base 850 Spider first got a 47-hp, 843-cc, 4-cylinder engine on its arrival in the U.S. in 1967. In 1968, thanks to new smog regulations, U.S. drivers had to settle for a smaller 817-cc version, but power was boosted to 52 horsepower. The first real styling change — triggered after U.S. headlamp regulations changed — was unveiled in March 1968. The front lamps were raised and set back into the fenders. The front bumper was also beefed up. The final big amend- 1966 Fiat 850 Spyder, sold for $8,634 at Bonhams’ Monaco auction I talian sports cars quickly became successful after World War II — think Ferrari, Maserati, Lancia and Alfa Romeo — but Fiat’s entry-level two-seaters never totally captured the imagination or sales of enthusiasts. In the 1960s, Bertone and Pininfarina slowly emerged as the top Italian styling houses, and they proved the Italians were particularly good at constructing graceful designs for small sports cars. Yet, for Nuccio Bertone, the early 1960s were difficult. Fiat had not conveyed any interest in the carrozzeria, and his relationship with Alfa Romeo was not as solid as it had been a decade before. He met with Fiat’s Nicolo Gioia and persuaded him to create a new two-seater sports car based on the 850. An agreement was reached to build a Spider version, but the new sports car had to be ready for the upcoming introduction of the coupe at the 1965 Geneva Motor Show. Cost was a factor, as it couldn’t exceed 6% to 7% more than the coupe. The longitudinal, rear-engine design of the 850 dictated a high rear deck, but Bertone was a master at designing small, shapely bodies, and he incorporated the inclined headlights and dihedral wings of the sensational Testudo show car of two years before. The new car was popular in Europe, and Details Bertone set production at 25 850 Spiders a day, but a year later Fiat requested production to be cut to just over half that amount. Bertone could not afford such a drop and suggested Gioia sell the 850 Spider in North America. Fiat agreed, and the rest is history — with al- most 140,000 850 Spiders built by Bertone over the eight-year production period. Four Spiders Although there were no dramatic styling changes, there were four basic iterations of the 38 Years produced 1966–73 Number produced: 124,660 Original list price: 1968, $2,376 Current SCM Valuation: $5,000–$7,000 Tune-up cost: $32–$70 Distributor cap: $12 Chassis #: Stamped on firewall Engine #: Front of engine below generator or alternator Club: Fiat America More: www.fiatclubamerica.com Alternatives: 1961–71 Austin-Healey Sprite, 1966–74 MG Midget, 1970–74 Triumph Spitfire, 1960–66 Renault Caravelle/ Floride SCM Investment Grade: D ment came late in 1969, when the engine was enlarged to 903 cc and 57 horsepower. Also offered in 1970 was the slightly dressed-up, Spider-based 850 Racer. This coupe version of the Spider was fitted with a standard black vinyl-clad roof. Slow, tricky and rusty The 850 Spider was pretty, the interior nice, the handling nimble, the disc/drum brake configuration more than adequate and the price low, but the car had an Achilles heel. It just didn’t have much oomph. The 850 Spider’s 0–60 mph times fell around the 20-second mark. And with a top speed in the mid-80 mph range, some patience and planning were required when approaching steep upgrades. Tire pressure also played a very important role when it came to handling. The owner’s manual recommended 15.6 psi up front and 25.6 psi in the rear tires — and meant it. Failure to adhere to this dramatic difference resulted in an equally dramatic change in the Spider’s personality. Scary things could happen quickly with its fully independent front and rear suspension and 60% of the weight in the rear. Rear tire wear was also a problem, to which I can attest, having lost control in my 1969 Spider on a sweeping highway curve. (Thank goodness for the high-back bucket seats, as I crawled out from underneath without a scratch.) The novel push-button door locks were a problem in cold climates. Water tended to leak inside and required a cigarette lighter to heat the key. Once the shivering driver got inside, the doors would not lock again due to ice, and a wire coat hanger rigged around the door button and top bows kept the door closed until the robust Sports Car Market

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heater had a chance to warm things up. The top was a dream compared with the competi- tion’s and folded neatly away under the rear hinged panel. When deployed, it leaked at the top of the A-post and dripped on your knee. An optional hard top was available. Other maladies included the tiny, contortionist muf- fler, which tended to rust quickly with all the water and muck thrown on it. The clean body was very also very susceptible to parking lot dings. The interior was lovely, but the materials were not the best quality, although the durability of the vinyl was no worse than any others in its price category. Considering the overall dimensions, there was plenty of storage, with the shallow front trunk and the somewhat generous space behind the seats, having three passengers was not recommended. Reliability issues with the generator and wiper motor were common, and the parts and service were not as readily available in comparison with British sports cars. This was a time when the build quality on any car was far from ideal, and derisively making Fiat an acronym for “Fix It Again, Tony” wasn’t just a funny line. One owner noted that he picked up his new 1969 Fiat from the dealer, was handed the keys and then rolled up the window — only to see it crash to the ground. The rear-engine design was considered on its way out by the last half of the 1960s, and enthusiasts even in those early auto-safety years were a little apprehensive about going flat-out in a Fiat 850 Spider at just over 80 mph — with just an empty trunk in front of them. The biggest long-term problem with an 850 Spider was rust. I swear if you spat on the ground beside a Spider, a rust bubble would appear the next day. One Fiat that I had sitting at a body shop outside for a couple of months looked like Swiss cheese, and there was solid rust underneath by the time work began on the tiny unibody design. Fun on the cheap Still, having owned four of these sweet little Italian sports cars over the years, I think the 850 Spider offers lots of — albeit slow — fun at a real bargain price. In fact, Fiat 850 Spiders are popular vintage race cars these days, as they are good entry-level cars for the track. The highest price I’ve seen advertised for an 850 Spider in North America was a dreamland $15k, which is well above the SCM Pocket Price Guide’s estimate. An older restoration 1966 850 Spider with the early covered headlights sold for $8,634 with premium at Bonhams’ Monaco Auction on May 11, 2012. Generally, Spider 850 prices are higher in Europe due to scarcity and greater overall Fiat enthusiasm than in North America. The secret of finding happiness with a Fiat 850 Spider is finding a good one — a very good one. Even though parts are inexpensive, the cost of restoring a cheap, $2,000 example is just not worth the effort and final cash outlay. Still, with good club support and most mechanical parts readily available through the Internet, the Fiat 850 Spider is an ideal around-town, top-down, very beautiful — as well as affordable — classic. ♦ Seat Time Paul Wilson, via email: I had two Fiat 850 Spiders and loved them. Both were early covered- headlight cars, which I still think are contenders for the best-looking small sports cars ever. The driving position was ideal for tall/big drivers, the top was well designed, and the engine made all the right noises (a hard note at 4,000 rpm when the cam came on) — even though it had no power. Alas, most of the horror stories about rust and unreliability are true. Our first one was parked with terminal rust, and the second was sold in 1987. But my wife desperately wants another one. That should tell you something. August 2012 39

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Legal Files John Draneas So You Want to Sell Your Car at Auction Don’t say your car ran at Le Mans unless you actually have the proof Read the consignment agreement — really! Once you have selected an auction, read the con- signment agreement carefully to understand what the auction company will and won’t do — and what your responsibilities and costs will be. Some of the key points are schedule placement — when your car will cross the block — advance publicity, catalog presentation, effort on- and post-block, entry fees, transportation costs and commissions. Every detail is theoretically negotiable. I’ve seen all sorts of deals, including free transport, Finding an auction company that meets your needs is one of the first crucial steps “ L egal Files” recently wrote about the 1935 Mercedes-Benz 500K Roadster that German authorities seized on a claim that it had been stolen from Hans Friedrich Prym in 1945 (June 2012, p. 30). The current owners, who bought the car at the 2011 RM Monterey auction, were very confident that the claims would be summarily dismissed. Surprisingly, the German court recently ruled that the Prym family had presented a claim that was complete enough to earn them a full trial and the opportunity to establish that the Mercedes was actually stolen from Prym. The ruling doesn’t establish who gets the car — that won’t happen until the conclusion of a lengthy and expensive legal process. While the auction buyers have not indicated their strategy, one would expect that they might look to RM and the seller to solve the mess. By everyone’s accounts, the auction seller was an innocent party who paid good consideration for the Mercedes when it was acquired some years ago. Now, he faces the prospect of having to unwind the sale and finance expensive litigation in Germany. How can other car owners who are thinking about selling at auction avoid legal snarls — and help assure that the car gets — and stays — sold? Pick the right company There are a lot of auction companies, and they hold a lot of auctions each year. You have to carefully match your car with the auction company and auction site to stand any chance of coming out ahead. For example, your 1983 Porsche 911SC might do just fine at the September Silver Auction in Portland, OR. It would probably sell for more at any of the January Scottsdale auctions, but the higher transaction and transportation costs might eat your profits. Conversely, you’re not likely to find a qualified bidder on your 1959 Ferrari Testa Rossa at that same Silver auction. Many auction companies will help you pick a good time and place to sell your car — after all, they want the car to sell as well. It’s a good idea to talk to several companies before you make any decisions. 40 reduced or waived seller’s commissions, specified catalog placement and advance publicity. I’ve even seen deals that guaranteed minimum sales prices or else the auction company buys the car. Of course, you are not very likely to be able to negotiate any deals when consigning the aforementioned Porsche. You have to be offering a car that the auction company really wants to have this kind of leverage. Reserve or not? Publisher Martin and “Legal Files” have both written about the perils of a “no- reserve” approach. Its proponents believe it adds positive excitement and higher bids, but I don’t really buy that. If you just want to move the car no matter what — or you really believe that the auction bidders will truly represent the market — go for it. Otherwise, it’s usually better to set a reasonable reserve and protect yourself from the disappointment of selling too cheaply. Having said that, it is important to set a reasonable reserve. A failed sale because you were unrealistically high is very expensive — you not only spent all the money it took to get the car into the auction, but now you have to get it back home. And, at least in my opinion, dropping the reserve when the bidding stalls seems likely to depress the ultimate sales price. Whenever I see that happen, I think that the seller has realized that he should just take the most he can get for the POS on the block, which makes bidders wonder whether they should bid more. Titling issues If you have a title problem with your car, get it fixed before the auction. You have to have a clean title that can be signed over to the buyer with no questions asked. A lost title or an open title, signed off by the registered owner from several decades ago and never re-titled, isn’t going to cut it. If the title is lost, fix that using one of the title services in Alabama or Maine. If you don’t want to pay the taxes associated with titling the car, form a Montana LLC and title it there. Both approaches are inexpensive, and both give you a good certificate of title that can be assigned to the buyer with no questions asked. Describe your car accurately Bear in mind that the auction company will use any information you provide about your car in its catalog and on the block. Make sure it is accurate. Don’t say it ran at Le Mans unless you actually have the proof. Under the law, all statements about the identity and characteristics of the car create warranties, and you can be sued if your statements are inaccurate. All auction company bidder agreements disclaim liability for any such thing, but don’t assume that will ultimately protect you. Even if it does, the legal fees in your successful defense will turn it into a loser deal. Inspect and repair the car Before sending the car to the auction, take it in for a service and a thorough “pre- purchase” inspection. That creates some expense but may well save money in the long run. Whatever problems there may be with the car, the buyer is sure to find them sooner or later. Auction sales are always “as-is,” but that doesn’t stop unhappy buyers from suing you on claims of fraud or misrepresentation. You can win the battle (the Sports Car Market

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lawsuit), but still lose the war (the legal bill). Make sure you get paid Unfortunately, there have been cases of auction sellers not getting paid when the car sells. This can happen if an unethical auction company gets paid — but doesn’t pay the seller. The most notable recent example of that was Indiana-based Kruse International, which got shut down for not giving sellers their money. The unfortunate legal truth is that when the buyer pays for the car, he becomes the owner whether the seller gets paid or not. Do your research, and learn all you can about the auction company to be comfortable. If in doubt, and the car is valuable enough to warrant it, ask for security. I’ve seen auction companies, in the right situations (usually when trying to consign very valuable and desirable cars), secure letters of credit to protect the seller from nonpayment. Fortunately, most auction companies pay their clients on time. A much more common situation is when the winning bidder simply fails to pay for the car. I’ve represented disappointed sellers who blamed the auction company because they were supposed to “screen” the bidders and have the funds for payment confirmed ahead of time. But there is really only so much the auction company can do. Letters of credit are expensive, and few bidders can actually provide them. A bank check guarantee doesn’t help if the buyer just refuses to write a check. Some auction companies will register bidders with a deposit against their bid limit. Bidders will forfeit their deposit if they flake out on the sale, but that might not help the seller so much. Say, for example, the bidder deposit is 10% of the bid, the buyer’s premium is 10% of the bid price — and the consignment agreement provides that any forfeited deposits go to the auction company to the extent of their commissions — and then to the seller. Once the auction company has most or all of its money, it has less financial incentive to try and collect more money for the seller. Talk to your auction company about that ahead of time. To take that thought a bit further, I’ve seen failed sales in which the auction com- pany didn’t want to alienate the buyer, who had been a good customer of theirs. Or, they just didn’t want to spend the money to chase after the buyer because they thought it was uneconomical. Check the auction company’s bidder contract ahead of time — and make sure it is transferable to and enforceable by you. And while you’re at it, it wouldn’t be a bad idea to see that your collection costs reduce the sales price for purposes of calculating the auction company’s commissions. Plan for taxes ahead of time You are selling your car in a very public forum, and you will probably receive a 1099 from the auction company at the end of the year. This is not the transaction that you want to fail to report on your income tax returns. As “Legal Files” has explained before, it isn’t free from doubt, but your gain on the sale of your collector car should qualify for the 15% long-term capital gains rate. If you have a substantial gain, it would be a good idea to get a formal tax opinion to that effect to protect yourself from penalties if the IRS claims the rate should be higher. You can also defer the tax if you do a Section 1031 like-kind exchange for one or more other collector cars. If you want to take advantage of a like-kind exchange, you have to “sell” the car to an accommodator who then sells the car at auction and uses the proceeds to buy your replacement car(s). That has to be arranged ahead of time. Once the hammer falls, you are taxable on the gain, and there is no way that you can then convert it to an exchange. Finally, recognize that you are entering into a com- plicated legal arrangement. This is a very good time to get advice ahead of time from an attorney who understands collector cars, auctions and tax planning. ♦ JOHN DRANEAS is an attorney in Oregon. His comments are general in nature and are not intended to substitute for consultation with an attorney. August 2012 41

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Feature 2012 California Mille Fast Friends Three SCMers savor the new friendships made during four days and 1,000 miles of driving Enjoying magnificent views in a 1951 Ferrari 212 Barchetta Editor’s note: The California Mille is one of the highlights of the vintage driving season, and we asked SCMers to share their experiences in this year’s event. We think you’ll notice some common themes. Here are their impressions: H 42 ans Abrahams: Vintage rallies appeal for many reasons. They allow one to enjoy the car on wonderfully serpentine roads, often surrounded by ethereal scenery, to savor moments when dirt, rain, the clattering of stones mean naught, and just the experience of actually driving the car. Lastly, they allow one to enjoy the company of a group of people who likewise have a passion for vintage cars. The 22nd running of the California Mille possessed all these qualities in abundance and proved a memorable adventure on the first day, as we left Details Plan ahead: The 2013 California Mille has not yet been scheduled — look for an announcement of dates and route by the end of 2012. The 2012 Mille ran from April 29 through May 3. Where: Four days and 1,000 miles on the quiet, twisty backroads of Northern California and Nevada. Each year’s route is different, but the event always starts from San Francisco’s Fairmont Hotel. Cost: $6,000, including all meals and lodging for a driver and co-driver More: www.californiamille.com San Francisco. As my wife, Samantha, and I crossed the Golden Gate Bridge in our 1955 Austin-Healey 100-4 — next to a Talbot-Lago Gran Sport and a Mercedes-Benz 300SL Gullwing — the experience was almost surreal. Two days later, after magnificent driving that included the alpine elevations of Lake Tahoe to the deserts of Nevada, we were having a heavenly time. Then the Olde English car gods came to call on our Healey (I had made the mistake of saying at the end of the second day how wonderfully the car was running!) In Colusa, CA, a horrible noise emitted from the left rear wheel, and the car came to a grinding halt. Within minutes, Martin Swig and David Swig stopped to help. The unfortunate diagnosis was a broken rear axle. With three phone calls, David Swig managed to locate a rear axle in Stockton, just two hours away! It was unbelievable, as I had been sure the Healey was finished. It took David Nock at British Car Specialists in Stockton only two hours to repair the axle, and I was soon roaring back to Calistoga. That 100-mile drive was one of the most memorable adventures of my life. The sun was setting gloriously over the vineyards, the roads were empty and the sound of the Healey was magnificent. Sports Car Market Photos: Zach Hammer

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Feature 2012 California Mille 1955 Austin-Healey 100-4 — a broken rear axle wasn’t enough to end a joyful ride It so easily could have been 1955, and I had the biggest smile on my face the entire way back to Calistoga. The absolute warmth, generosity and kindness of everyone involved shall forever stay with me, and they truly exemplify the wondrous group of people who involve themselves with old cars. The 2012 California Mille was an adventure in every way, and we cannot wait to do it again in 2013! Robert Davis: The California Mille is a multifaceted diamond, but the people you meet are the brightest facet of the jewel. Beautiful sports cars driven with spirit over challenging roads through spectacular scenery cannot help but inspire. Initial conversations with new friends and old always start with the driving, the cars, the scenery or the weather. The latter can make challenging roads more challenging — and add greater interest to the adventure stories about cars and driving. This year, only the last day presented “interesting” weather, and my own stories about that day lack adventure, as Tom Stein, my co-driver, and I elected to wimp out and to have a delightful lunch with Peter Carlino Sr. and Peter Carlino Jr. — along with Jason Hymes and Sally Pai — while waiting for the weather to clear. We ended up swapping cars with the Carlinos for the afternoon drive. For me, driving Peter’s fabulous and unusual Ferrari 212 — which had lots of power and more grip than expected over still-damp roads — was a terrific adventure. I hope that Peter enjoyed driving my 1953 Siata 208S half as much. At another lunch, we sat with David MacNeil, whose admirable campaign to revive America’s manufacturing prowess and provide good jobs for our fellow citizens is on display in the WeatherTech ads in many of the motoring magazines we read. It is hard to avoid tales of gloom and doom about America’s future from my daily reading of the New York Times, but the entrepreneurial energy and commitment I heard during these conversations helped bolster my optimism about our nation’s strength and resilience. Tom Stein, Davis’ co-driver: I’ve been on just two vintage car tours, a not-to-be-named tour of the Rockies and the 2012 California Mille. The Mille was tamer, the food wasn’t as good, the hotels not quite as plush and some of the cars slightly less exotic. But unlike the Rockies tour, I came away from the Mille eager to do another event — and the sooner the better. I was part of a friendly group of like-minded people eager to share 44 Happiness is a warmed-up Ferrari Sports Car Market their enjoyment. I could have found numerous opportunities for political disagreement, but every conversation beyond a simple hello left me happier, more knowledgeable and with another potential ally if we found ourselves stranded on the side of the road. I’ve been a car guy most of my seven decades, but I’d never before even sat in a Ferrari. All that changed when a generous and trusting Peter Carlino offered to change cars with Robert and me. Riding with Robert is always a thrilling test of my mortality. Robert, who is usually a quiet and soft-spoken guy, unleashes an aggressive competitiveness once the top goes down and the road turns curvy. All I can do is hang on and trust that my karma hasn’t run out. Peter owns the 86th Ferrari ever made, a 1951 212 Barchetta, win- ner of the Portuguese Grand Prix in 1952. And here I was — not only sitting behind the wheel, but actually driving it all by myself down a slippery coastal mountain road following Robert and Peter in Robert’s Siata 208S at a pace fast enough that the adrenaline was running. A grin had taken over my face, and I was actually talking out loud to no one but me and the machine about the thrill I was placing in my memory bank. The car was amazingly easy to drive — it lent itself to my personal- ity. It required some physical effort, but it rewarded that with a musical instrument’s responsiveness and never tripped me up. It made the most wonderful noises, and I gave it back to its fortunate owner unscathed and ready to spread more happiness. I’m home now, driving my Mini on the flat, straight, traffic-cluttered roads of Florida. But, at least for awhile, I take advantage of every available opportunity to open the throttle ever sooner through the turn. Hopefully that spirit will last until next year’s California Mille. ♦

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Ferrari Profile 1957 Ferrari 625 TRC Spider The buyer has the ability to return the car to its original configuration and have a unique piece of Ferrari history by Steve Ahlgrim Details Years produced: 1957 Number produced: 2 Original list price: Not sold to public. Approximate value was $10,000 Current SCM Valuation: $5,500,000 to $6,500,000 Major service cost: $3,500 Distributor cap: $1,000 Chassis #: On front cross member Engine #: Center left crankcase above water inlet Club: Ferrari Club of America More: www.FerrariClubofAmerica.org Alternatives: 1956–57 Maserati AG6CS, 1953–55 Jaguar D-type, 1955–58 Maserati 300S, 1954–56 Porsche 550 Spyder SCM Investment Grade: A Comps Chassis number: 0680MDTR T o call Ferrari’s TRC for 1957 “one of the prettiest Ferraris built,” as pre-eminent Ferrari historian Richard F. Merritt put it, is surely an understatement. It is a design without fault — a timeless, downright breathtaking execution of Italian motoring passion, married to one of the greatest sports racing chassis of all time. The Ferrari on offer stands in a class all its own. Coming from single ownership for the past 30-plus years, its presentation at auction may very well be a once-in-a-lifetime opportunity. It is one of only two 2.5-liter 625 TRCs ever built by Ferrari, each specifically ordered by the larger-than-life West Coast Ferrari distributor Johnny von Neumann. In 1981, 0680MDTR was acquired by the current owner, who commissioned its restoration. Following its restoration, the current owner raced 0680MDTR on 113 occasions during a post-restoration vintage racing career even more prolific than the car’s extensive period racing history. 0680MDTR is offered at auction with its original, matching-numbers 2.5-liter Ferrari Type 625 LM racing engine, which was separated from its original chassis over 50 years ago. The possibilities for this Ferrari are virtually limit- less. The new owner may choose to thoroughly enjoy the V12-engine car as-is — or utilize its original 4-cylinder engine, and with relatively little effort, refinish the car in its original gray livery with dual hood bulges, surely delighting the judges and fellow drivers at future Pebble 48 Beach, Le Mans Classic or Mille Miglia retrospectives and concours events. SCM Analysis This car, Lot 345, sold at RM Auctions’ Monaco sale on May 12, 2012, for $6,526,800. Ferrari production during the classic years was divided into odd and even serial numbers. Even serial numbers were used for race cars, and odd serial numbers were used for production cars. Ferrari was a prolific producer of race cars, but the depth of their ability to build a car for a particular purpose is lost to a casual observer. Ferrari produced fewer than 400 race cars between 1947 and 1960. Those cars used close to 30 unique Ferrari-designed and manufactured engine types — and more body configurations — than I can count. A slice of five consecutive chassis numbers (remem- ber, competition cars use even numbers) will give you an idea of why early Ferraris are so hard to follow. Chassis number 0296MM is a 250 MM Vignale Spider, chassis number 0298 is a 250 MM Pininfarina Berlinetta, number 0300 is a 166 MM Oblin Spyder, number 0302 is a 625 TF (Targa Florio) Vignale Berlinetta, and 0304 is a 625 TF Vignale Spider. The production list is a kaleidoscope of different engines, chassis and bodies that kept changing as Ferrari research evolved. Le Mans and marketing Our subject car is a wonderful example of Ferrari’s 1957 Ferrari 500 TRC Lot 132, s/n 0670MDTR Condition 1- Sold at $3,995,600 RM Auctions, Cernobbio, ITA, 5/21/11 SCM# 177933 1959 Ferrari California Spyder Lot 143, s/n 1505GT Condition 1 Sold at $3,905,000 Gooding & Co., Scottsdale, AZ, 1/20/12 SCM# 191590 1957 Ferrari 500 TRC Lot 65, s/n 0686R Condition 1 Not sold at $814,286 Barrett-Jackson/Coys, Monte Carlo, 5/26/00 SCM# 9659 Sports Car Market © Ron Kimball/www.kimballstock.com, courtesy of RM Auctions

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SCM Digital Bonus ingenuity in racing an strategy for the 1956 2 Mans was to put de (625) 4-cylinder Gran in three Touring Spide cars were called 625 L Mans, 2-liter (500) en put in the 625 LM bodie 625 engines were mov parts room to gather d In 1957, West Coast F distributor and racer J von Neumann wanted a n car to get an edge o competition. The trad story is that von Ne approached the f about building a speci Searching their parts r Ferrari came across t Le Mans engines and o him two (the third eng been sold) for special c Von Neumann agr Ferrari put the en Scaglietti-built TRC b which became 625 TRC n 0672MDTR and 068 Ferrari historian M Massini’s research i our subject car’s 62 was built after the Le M and so was not used in t Either way, the 625 T very special cars wit engines. A long, colorful race history Both 625 TRCs we extensively, as chron Michael Lynch’s met researched book, Am Sports Car Racing in t The 625 engines were the task, and both 625 T engine swaps. Chassis 0672 went f 4-cylinder 625 to a F V12 to a Ford V8 and b a Ferrari V12. Chas went from the 625 to a and then to a Ferrari original 625 motors be arated from both cars rent engine in 0680 is a F 250 V12 that Berkeley Ferrari magician Pa built up. There was no need t built-up engine, so the s to run the pants off of Our subject car has be at events along the We States. The car often arrived on an open trailer, and was driven with the vigor usually reserved for a far less valuable car. RM was able to find 0680’s original 4-cylinder 625 engine, and it is August 2012 in the sale of the car. It is missing w parts and has the wrong carbure, but it is not far from being able to nite with the chassis. First time on the market in decades Ferrari race cars are the pin- nacle of the automotive kingdom, and very few Ferraris are more valuable than the TRCs. There were only two 625 TRCs built, and at the moment, neither moves with its original engine. The buyer of 0680 has the ability to return the car to its original configuration and have a unique piece of Ferrari history. There are no comparable 625 TRC sales to base a value on. This car hasn’t changed hands for more than 30 years, and the only other 625 TRC be- longs to a collector who bought it years ago. The closest comparable, a 500 TRC, changed hands last year for just shy of $4m. The 625 TRC is far rarer than a 500, and with its original 625 engine, 0680 should be worth more than a 500 TRC. A 250 TR sold at Gooding & Company’s 2011 Pebble Beach auction for more than $16.4m, but 0680 isn’t in that league. RM predicted a sale in the range of $3,875,000 to $4,780,00, which seemed reasonable. The hammer fell at $6,526,800, including fees. The result was more than 50% higher than the low estimate, and while it was stunning at the moment, it quickly became rumor spread of yesterday’s news as the private sale of a TR 58 at a reported $25,000,000, and then the sale of a 250 GTO at $35,000,000. All three sale were records for their type, with the GTO sale being the highest known price ever paid for an automobile. Our subject car is ultra-rare, with a well-documented race history. The buyer got an outstanding car that will get him into any event in the world. The seller will miss his old friend, but he can ave comfort in knowing that it went o a buyer who really, really wanted ave to call the sale in favor of the seller, but it’s the buyer who came out with the prize. Note: Ferrari historians David Seielstad and Marcel Massini both generously opened their files for help on this article. ♦ (Introductory description courtesy of RM Auctions.) SCM Digital Bonus. Additional images and more... 49

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Sheehan Speaks Michael Sheehan High-End Ferraris Booming $35m for a 250 GTO and $25m for the 1958 Le Mans-winning 250 TR show the Ferrari cream is rising into the stratosphere Ferrari 250 SWB Competizione, sold for $5.28m at RM’s 2011 Monterey sale W e all know that the planet went into recession in 2007 — and fell off the proverbial economic cliff on September 15, 2008, when Lehman Brothers was thrown into bankruptcy. The Dow dropped 500 points on that day — and then even further. Banks and businesses failed, and the gloom set in. Many markets slowed or froze. In the collector car market, both buyers and sellers went into hibernation for the remainder of 2008 and stayed in hibernation through 2009. All markets eventually turn, and in my April 2010 column “250 GTO Sets Ferrari Record at $26m” (April 2010, p. 40), I reported on the sale of 250 GTO s/n 3943 for a Ferrari world record price of $26m. 250 GTO s/n 3943 was described by my fellow Ferrari historians as “bulletproof” in its race and ownership history. Tom Price, the seller of 250 GTO s/n 3943, bought the car in 1983 for $300k, so the sale of this GTO for $26m was one of the best long-term automotive buys of all time. Further down the food chain, I also reported on the ex-Lorenzo Zambrano 166 MM Touring Barchetta s/n 0058M and the ex-Manny Del Arroz 375 MM s/n 0490AM, both trading in the $5m range. Both cars were stellar: 166 Barchetta s/n 058M was one of the most original Barchettas in existence, while 375 MM s/n 0490AM was an amazing barn find. When restored, it became one of few Ferraris to win its class, scoring 100 points at Pebble Beach. This author had sold 166 MM s/n 0058M in November of 1998 for a far more modest $1.2m, so the latest sale at $5m represents a serious long-term market improvement. Are Ferraris booming or bubbling? Only two months ago, in my June 2012 column, “Are Ferraris Booming or Bubbling?” (p. 44), I reported on the market’s upward trends. The August 2010 Monterey auctions had paid proof to a collector car revival with a whopping $172m in sales, up by $52m from 2009. These impressive results were reinforced at Scottsdale in 2011 with a very impressive $159m in sales. Monterey 2011 continued the turnaround with total sales 50 reaching the $200m mark. The top end led the rally with Gooding’s sale of 250 TR s/n 0666 at $16.4 and RM’s sale of 250 SWB Competizione s/n 2209 at $5.28m. The strength was in the top-end Ferraris. 2012 began with a bang, as collectors spent $182m at Scottsdale, easily beating 2011’s $159m and also beating the all-time high of $163m back in the boom days of 2007. The upward trend continued at Amelia Island with $59m in sales, up from $42m in 2011. Amelia Island also saw the boom go down-market — to more affordable Enzo-era cars, with 246 GTS s/n 5820 selling for a staggering $363,000 at RM and 246 GT s/n 3496 selling for an equally staggering $214,500 at Gooding. Life is good for the top of the 1% Since I wrote “Are Ferraris Booming or Bubbling?” the top end of the market has accelerated into a brave new world of market highs. Very-long-term collector Pierre Bardinon has now sold his 1958 Le Mans-winning 250 TR s/n 0728 for about $25m, almost $10m more than last year’s sale of 250 TR s/n 0666TR. Needless to say, a Le Mans win with Phil Hill and Olivier Gendebien at the wheel explains some of that increase. The buyer, in a private sale, was London-based Brandon Wang. Brandon is also the long-term owner of 250 GTO s/n 4219, which he purchased in a private sale back in the good old days of 1993 for $3.5m. Sports Car Market

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250 GTOs, the flavor of the month Four 250 GTOs have sold recently. GTO s/n 4675, a ’62 converted to the ’64 body style, was purchased by English TV and radio personality Chris Evans for $18m in 2010, and has now been sold to Jean Pierre Slavic in Switzerland for $25m in another private sale. Jon Hunt, executive of an England-based real-estate group, has sold his 250 GTO s/n 5095 to Mexican billionaire Carlos Hank for about $32m in yet another private sale. Thanks to a second-place finish at the 1963 Tour de France, 250 GTO s/n 5095 was among the best of the GTOs. Hunt had paid about $23m for s/n 5095 only a few years ago, so it was a good investment. For those who track ultra-high-dollar Ferraris, Carlos Hank was also the buyer of 250 TR s/n 0666, which he purchased at Gooding’s Monterey 2011. Adding to the high-end Ferrari shuffle of musical chairs, Carlos Hank has apparently sold his ’64 GTO s/n 5575, with a stellar Le Mans history, to Rob Walton, sales price not yet known. A new world record Setting an all-new market high was the recent private sale of 250 GTO s/n 3505, sold by the Dutch-born businessman Eric Heerema for $35m. The buyer was Craig McCaw, co-founder of McCaw Cellular, which was acquired by AT&T for $11.5 billion in 1993. Heerema had purchased 250 GTO s/n 3505 a decade ago for about $8.5m from Japanese collector Yoshiho Matsuda, making 250 GTO s/n 3505 an astute investment. One of only 39 GTOs produced from 1962 to 1964, s/n 3505 was finished in the unique Pale Apple Green of Sterling Moss’s UDT-Laystall race team, but Moss had never driven the car. The car raced at Le Mans in 1962 but did not finish. 250 GTO s/n 3505 GT has now become the world’s most expensive collector car, at $35m. The record for “most expensive collector car” had been a 1936 Bugatti Type 57SC Atlantic, bought by the California-based collector Peter Mullin in 2010 for a price from $30m to $34m. When discussing these Ferrari Fantasyland prices, we must note that the 250 TR and 250 GTO are simply the two most coveted and prestigious Ferraris built. Having owned a 250 TR (s/n 0732TR) and sold two different 250 GTOs (s/n 3387 and s/n 3909), I can say that they are both beautiful to behold and a joy to drive at any speed. They are also a guaranteed entry to the most prestigious auto events on the planet and become the instant centerpiece of an ultimate collection. Upward movement in lower-level Ferraris All this represents a substantial increase in activity and pricing across the top-end world of collector cars as buyers pour money into hard assets and collectibles. What is noteworthy is that every sale was a quiet, private sale. There is no lack of buyers at this level, and all value their privacy. Mere mortals can take comfort in upward movement in the low- to mid-level Ferrari market as well. A no-stories, “chairs and flares” Dino with full books and tools will easily break the $300k barrier today, while the best-of-the-best Daytonas now break the $400k barrier. I believe we’ll continue to see both auction sales and private sales grow steadily this 250 TR s/n 0666, a $16.4m sale in November 2011 year. There’s new-found confidence in the collector car market, and buyers are speaking loudly with their wallets and wire transfers. ♦ August 2012 51

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English Profile 1991 Aston Martin DB4GT Zagato Sanction II Ah, values…. If there were such a thing, how much would a Ferrari Classiche-built 250 GTO sell for? by Paul Hardiman Details Years produced: 1990–91 Number produced: Four (oh, all right then: six) Original list price: $1.9m Current SCM Valuation: $1,000,000– $1,500,000 ($5,500,000–$6,700,000 for an original) Tune-up cost: $1,500 Distributor caps $102 (needs two) Chassis #: Engine compartment on right of scuttle Engine #: Stamped on right side of engine block Club: Aston Martin Owners’ Club More: www.amoc.org Alternatives: 1961–63 Aston Martin DB4GT Zagato, 1962–64 Ferrari 250 GTO replica, 1960–63 Ferrari 250 GT SWB replica Chassis number: 0198R The original collaboration between Aston Martin and Zagato of Milan resulted in a production run of only 19 constructed between 1961 and 1963, although the factory set aside 23 chassis numbers. It is an indication of the affection felt for these beautiful cars that all 19 are still in existence, many in the U.K. Almost 30 years later, a factory-approved project O was launched to revive this iconic model in collaboration with the original coachbuilder, Carrozzeria Zagato of Milan. The project was instigated in 1987 by the company’s then-joint chairmen, Victor Gauntlett and Peter Livanos, who commissioned the renowned Aston Martin specialist Richard Williams to uprate four DB4 rolling chassis to DB4GT specification. Williams was involved with the running of Aston Martin’s World Sportscar Team at the time, and so the project was delayed for a year. When the Milton Keynes factory closed, it was possible to devote the required attention to the four cars, which after completion were shipped to Italy to be fitted with Zagato’s stunningly beautiful, hand-crafted body. They were then returned to Williams, at that time the owner of one of the original 19 (chassis number 0181), who fitted the interiors and completed the cars at his new premises in Cobham, Surrey. Said by Williams to be so authentic that “very, very few people” would be able to see the difference, the four Sanction II cars were given chassis numbers DB4GT0192, DB4GT0196, DB4GT0197 and DB4GT0198, which had been allocated to the original project by the factory in 1960 but never used. The fac- 52 f the many models in Aston Martin’s 90year history, and of the DB series of 6-cylinder cars in particular, the DB4GT Zagato is arguably the best loved and most respected. tory decreed that these Works-approved replicas were to be known as the Aston Martin DB4GT Zagato Sanction II, “sanction” being a term from early motoring history, which fell out of fashion and was replaced by “mark.” Victor Gauntlett said at the time, “The quality and authenticity are outstanding, and each of these four cars will bear the most detailed comparison with the first 19 built. It is also important that Zagato have wholeheartedly approved the project. It was inevitable that all of us involved would, and indeed should, agonize over the decision to launch this project, since the very word ‘replica’ has been degraded in recent years. “Finally, it was a question in our minds both of the unqualified support of our friends at Zagato and of the uncompromising level of quality that would go into the chassis and bodywork. Satisfied on these points, there was nothing to stop these four stunning motor cars being produced.” All four Sanction II cars were launched at Protech House, Cobham, on July 22, 1991. Ex-BRM and McLaren Formula 1 driver Peter Gethin took one of them around Goodwood, where his driving school was based. “It drove beautifully,” he said. “The engine was wonderful and pulled from way down. The track was wet but the car was very controllable. It went as well as it looked — a pleasure to drive.” Gethin remarked that the Sanction II “looked absolutely right” at Goodwood. “I remember contemporary photographs of the original cars at the circuit, and everything seemed in place, even in 1991.” Specification highlights of the Sanction II cars in- clude an engine built to 4.2-liter specification; 4-speed David Brown gearbox; limited-slip differential with 3.07:1 final drive ratio; all-disc, dual-circuit braking; wishbone independent front suspension with co-axial 1961 Aston Martin DB4GT Lot 254, s/n DB4GT0142L Condition 2- Sold at $1,325,113 Bonhams, Paris, 2/1/12 SCM# 196857 SCM Investment Grade: B Comps 1961 Aston Martin DB4GT Zagato Lot 247, s/n DB4GT0199L Condition 2 Not sold at $2,450,000 RM Auctions, Monterey, CA, 8/19/05 SCM# 39196 1961 Aston Martin DB4GT replica Lot 229, s/n DB4/624/R Condition 2+ Not sold at $224,440 Bonhams, Newport Pagnell, U.K., 5/8/04 SCM# 34061 Sports Car Market Simon Clay, courtesy of Bonhams

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SCM Digital Bonus spring/damper units and anti-roll bar; live rear axle with coil springs and doubleacting telescopic dampers, located by parallel trailing links and a Watt linkage; rackand-pinion steering; and a 35-gallon fuel tank. With 352 horsepower on tap (some 50 horsepower more than the 3.7-liter DB4GT), the Sanction II raced to 60 mph in 5.5 seconds and reached the “ton” in 12.2 on its way to a top speed of 153 mph. With only four Aston Martin DB4GT Zagato Sanction IIs made, 0198R repre- sents a possibly once-in-a-lifetime opportunity to acquire one of these fabulous cars, which will become increasingly collectible. SCM Analysis This car, Lot 239, sold for $1,898,184 at Bonhams’ Aston Martin Works sale in Newport Pagnell, U.K., on May 19, 2012. It feels amazing that it’s more than 20 years since the Sanction II cars were an- nounced to much hurrah. Remember, this was one of the periods in which Aston Martin was in trouble, and the company needed a flag-waving boost. Owner Victor Gauntlett had renewed Newport Pagnell’s association with Zagato (which continues intermittently to this day) after the two companies were placed next to each other at the 1984 Geneva Salon. The first result from the two companies was the brutally ugly V8 Vantage Zagato, built on a shortened V8 chassis. Little chance of more factory replicas At the height of the last classic-car boom, when the Sanction II idea was conceived, having Aston’s old ally make some new GTZs must have seemed a wizard wheeze. Conveniently, there were four chassis numbers left over, and sacrificing tired old DB4s to a higher cause didn’t trigger the ruckus it would today. That chassis number issue rather seems to preclude any more “Works-replicated” cars coming along any time soon and devaluing the other 23, although given the popularity of Astons right now, it might seem an attractive idea. In fact, quite a few folks have made their own DB4GTZ lookalikes, with varying degrees of success. Even Richard Williams, who built these four, made two more from spare body shells left over from the project, having been given permission by the then-executive chairman of Aston Martin Lagonda, Walter Hayes. These were built out of two more DB4s, (0334R and 0424R) and completed in 2000. How much does that slightly dilute the appeal and value of the first four? Ah… values. If there were such a thing, how much would a Ferrari Classiche-built 250 GTO sell for? As we have seen, the real thing is anywhere between $20m and $35m, with the best replicas, made out of 250 GTEs or 330 GTs, around $750k or so. That’s a massive gap, probably because the replicas, of which there are plenty, aren’t factory-built or sanctioned. Cobras are closer, with original 1960s road-going Mk IIs and 289s with no competition history around $400–$450k, while the “continuation” Mk VIs constructed from the late 1980s, made on the original jigs and with the rights to use the name, are $150k–$200k for a nice lightweight. Maybe their emergence is what inspired Gauntlett to peer down the retro alley. Okay, an Autokraft-built Mk IV isn’t exactly like a 1960s original. But neither are the Sanction II cars (and remember, not all of the original 19 DB4GT Zagatos are identical). They have 4.2-liter engines instead of 3.7s, taller diffs, better-located, adjustable rear suspension, and generally wear fatter rubber on smaller 15-inch (down from 16-inch) wheels. Joe Public would be hard pressed to tell the difference between 1961 and 1991, but most proper Aston fanciers ought to be able to. And the whole continuation patch can get a bit messy: As any owner of a real Cobra will tell you, the “nice replica, mate” comments in gas stations get a bit wearing after a while. It certainly drove me potty when delivering Ford’s very original Mk III GT40 to Goodwood one year, back in the days when they just tossed you the keys and left you to get on with it. A salted-away replica 0198R was offered from German ownership, where it has been salted away for most of the past 17 years, having first been owned by historic racer Tony Smith, who in his day job was manager of musician Phil Collins. It had hardly been used, with fewer than 5,000 miles covered in 20 years, which does rather highlight the fact that these cars are considered as precious as the originals. And I thought the point of replicas was that you could use and abuse the new metal to preserve the artifacts. When it left the U.K., its last MoT (July 1993) showed just 656 miles. Therefore the $20k just spent in recommissioning at Aston Martin Works (the new name for the post-makeover Works Service) was probably a wise precaution, and the work included lifting the cylinder head, a carburetor strip and clean, engine tuning, fitting the latest RSW suspension uprights, and a full service. The market speaks in Newport Pagnell On auction day in Newport Pagnell’s slick new workshops — they are more like an F1 pit, and to find actual oily bits you now have to go next door to Aston Martin Heritage — bidding on our subject car opened at £650,000 ($1.02m) and rose confidently to £1.05m ($1.65m), whereupon it stalled in the room, against an estimate range of £1.2–£1.5m ($1.9m–$2.4m). After a short but agonizing wait, a phone bidder pounced with £50k ($79k) more and sealed the deal, which was just enough. So that is the price of a 20-year-old 50-year-old car at public auction: about a third of an original. However, an industry source told us one of the other four was sold in the weeks before the auction for £1.8m ($2.9m) — about half the price of an original, holding steady with the relative value of the Sanction IIs when they were new. Though Bonhams had been expecting a little more, the open market has spoken on the worth of a desirable and known commodity that will appreciate as it matures. Welcome to the new age. ♦ (Introductory description courtesy of Bonhams.) SCM Digital Bonus. Additional images and more... August 2012 53

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Etceterini & Friends Profile 1958 Alfa Romeo Giulietta Sprint Veloce Zagato These cars were built to order. They are truly bespoke cars, and no two of the 16 are exactly the same by Donald Osborne Details Years produced: 1956–59 Number produced: 16 Original list price: $5,536 (Sprint Veloce and Zagato body) Current SCM Valuation: $450,000– $600,000 Tune-up cost: $275 Distributor caps: $20 Chassis #: Engine bulkhead Engine #: Intake side of engine, near front Club: Alfa Romeo Owner’s Club, PO Box 12340, Kansas City, MO 64116-0340 More: www.aroc-usa.org Alternatives: 1956 Alfa Romeo Giulietta Sprint Veloce lightweight, 1958 Porsche 356 Carrera GT, 1958 Lancia Appia GTS SCM Investment Grade: A Comps Chassis number: AR149306184 Engine number: AR131530825 F rom the legendary pre-war 6C 1750, the combination of Zagato’s lightweight bodywork and Alfa Romeo’s sophisticated engines and superb chassis has led not only to competition successes but to the creation of some of the most stylish sports and GT cars to come from Italy as well. Among the rarest of this exclusive club are the 16 Sprint Veloce Zagato coupes built between 1956 and 1959. All slightly different in detail execution; they are the ancestors of the Alfa Romeo SZ and TZ that would follow. That the line began with an accident is fascinating and tells a compelling story of mid-20th century Italian racing. Massimo Girolamo Leto di Priolo was a gentleman racer who took delivery of a new Alfa Romeo Giulietta Sprint Veloce in May 1956. Four days later, he drove his new car in the Mille Miglia, where he promptly crashed into a riverbed, essentially destroying the bodywork. Rather than having his car repaired to factory standards, Leto di Priolo instead had the remains taken to Zagato, where craftsmen cut the wrecked panels off the platform and built a new body in its place. With a more aerodynamic shape and an alloy body weighing more than 220 pounds (100 kg) less than the steel-paneled factory car, this “Sprint Veloce Zagato” coupe was soon racking up a string of victories through the remainder of 1956 and into 1957. This car, chassis 06184, has a known continuous history and is documented in Gino Giugno’s book, Giulietta Sprint Veloce Zagato. Having been stored for almost 20 years in the shop of Gianni Torelli, it was sold to noted Italian collector and restorer Franco Meiners in 2007. Restored to a very high level, 06184 was shown at the 2009 Pebble Beach Concours d’Elegance and re- 54 mains today in superb condition. This Giulietta is stated to be ready to run. SCM Analysis This car, Lot 370, sold for $536,648, including buyer’s premium, at RM Auctions’ Motorcars of Monaco sale on May 12, 2012. You don’t have to be a dyed-in-the-wool Alfista to be- lieve that nearly all of Carrozzeria Zagato’s Alfa Romeos of the 1950s and 1960s occupy the realm of the clouds nearest the peak of Mount Olympus — traditional home of the gods. They do so for good reasons — not only were they produced in limited numbers and are among the most successful competition cars of their time, but all have the iconoclastic style for which the Milanese coachbuilder is famed. Years before Colin Chapman famously said, or did not say, “To add speed, add lightness,” Zagato understood the relationship between a light, sturdy body that was fitted with light-but-supportive seats and success in competition. Among these most prized Alfas, the brilliant SZ, TZ and TZ-2 are arguably the best known and among the most efficacious of the track weapons born of the collaboration. It is unlikely that we would have had them if it were not for the SVZ, and for that reason alone, the model has great historical significance. That this all started with accident repair is remarkable. Consider, if you can, a manufacturer such as Porsche creating a new race car inspired by a customer’s crashed Carrera GT as rebodied by say, Bruce Canepa, which outperformed the factory’s own car. A major factor in the SVZ’s success was that the FIA 1956 Alfa Romeo Giulietta SVZ Lot 45, s/n 1493011521 Condition 2 Sold at $59,850 Coys, London, U.K., 3/1/98 SCM# 6442 Sports Car Market 1964 Alfa Romeo TZ-1 Lot 126, s/n 750006 Condition 3 Sold at $895,014 RM, Cernobbio, ITA, 5/21/11 SCM# 177926 1961 Alfa Romeo Giulietta Sprint Zagato Lot 255, s/n 1012600067 Condition 2 Not sold at $180,000 Bonhams, Carmel, CA, 8/14/09 SCM# 142055 Photo Credit: Simon Clay ©2012 Courtesy of RM Auctions

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SCM Digital Bonus considered them an all-alloy variant of the lightweight Bertone-bodied Giulietta Sprint factory cars, which were steel with alloy doors and hoods. As such, they could run as homologated GT cars, a much friendlier place than the Sports Car category. That the SVZ not only out-performed the factory lightweight Giulietta Sprint but also looked quite lovely while doing it didn’t hurt. Complete history boosts value Although they are divided into two series, these cars were built to order. They are truly bespoke cars, and no two of the 16 are exactly the same. Each has a certain family resemblance to the others — as well as to other Zagato cars of the mid to late 1950s — but they are different enough that it has both helped and hindered in the identification of original cars. All 16 cars are well documented today, with Gino Giugno’s book Giulietta Sprint Veloce Zagato being the best reference. Nevertheless, imaginative people have labored to benefit the world with additional copies. The international cottage industry in artisanal high-end classic car reproduction has remained a bright spot of profit potential in uncertain economic times. The level of the work performed at small firms is truly remarkable, and at times seems to even surpass that of the original craftsmen who created the automotive masterpieces that occupy the summit of the collector world. That the details of each car vary also makes it simpler for the forger, as he (or she) can take small liberties and not be immediately caught out with an incorrect line or element. The handsome price paid for this Alfa SVZ is a tribute to their talent and artistry. When an example of a car so easily faked is offered with a complete history and only one long stretch of storage — properly documented — people pay attention and cash in equal measure. Welcome on the road and the very best fairways As its display at the Pebble Beach Concours d’Elegance demonstrated, the SVZ is welcome just about everywhere fine cars are seen. Restored to a fine level but not over-restored in any way, this Alfa would be ideal for any major collection or as the centerpiece of a new one. The panel fit and gaps appear period-correct, the fin- ishes in the engine compartment are as dull as they were the day it was delivered, all of the alloy exterior trim is complete, the Tecnomagnesio wheels show it means business on the road, and the just-broken-in Zagato racing seats in the correctly trimmed interior are testament that is has been driven. This Alfa should be driven in events, and if neces- sary, onto concours lawns. The car will do brilliantly well in either setting. There’s no doubt this SVZ cost a lot of money — nearly twice the price of the nicest Lightweight Sprint Veloce or SZ — but no matter which course of action is taken by the new owner, it was worth every penny. ♦ (Introductory description courtesy of RM Auctions.) SCM Digital Bonus. Additional images and more... August 2012 55

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Etceterini & Friends Profile The Cumberford Perspective Performance precursor of egg-like perfection By Robert Cumberford 5 “C oda Tonda” Alfa Romeo Giulietta SZs are the most desirable Zagato cars of the past 60 years. I’d rather have one SZ than two Zagato Aston Martins. As in all Zagato designs, considerations of function supersede style, and seeking formal beauty is almost never part of the equation. Production SZs with more rear glass are a bit better looking than this early car, but they are heavier. And there’s a hard, straight line down the side, stiffening skin panels but diluting the formal purity of this example. In 1964, some friends had a suburban New Jersey Alfa dealership, where they accepted an SZ as a trade-in. It smoked on acceleration — but really scooted. Realizing it was something special, Tom and Jim O’Brien entered the Bridgehampton Double 500, handily winning the 1300-cc class. They thought they might race it again, so they parked it in my home garage for the winter before selling it. I could — and should — have bought it, but I didn’t, and I regret it even more than the $3,500 Ferrari GTO or $3,000 Ford GT40 I passed on long ago, neither road-usable like the Alfa. SZs are more than a hundred times as expensive now, but if my wife ever wins the lottery, I intend to ask for one. SZs are worth whatever they cost — this one-off-cumprototype even more so. ♦ 2 6 1 4 3 FRONT 3/4 VIEW 1 Transverse hood section is highly crowned, so the entire lower body is essentially barrelshaped, modified only by the front fenders. 2 The headlamp tunnels are beautifully integrated into the nose, with acrylic covers generating the teardrop fender forms. 3 Single-bar outer air inlets are simpler than on later SZs, and their straight upper perimeter keeps this early car from appearing excessively egg-like. 4 Squared-off wheel openings avoid cutting into the fender curve, which gives some longitudinal linearity. 5 The upper body pulls inward to the rear in plan view, providing 7 the impression of rear haunches without any rising surfaces over rear wheels. 6 The absence of the iconic “double bubble” Zagato/Abarth style is much appreciated. It emphasizes the egg-like character of the Coda Tonda (round tail) SZ. REAR 3/4 VIEW 7 This early SVZ has a quarter window and C-pillar treatment almost identical to the 1950 Lancia Aurelia GT. 8 Door cuts clearly show the very rounded barrel sides of the body, which were later changed with a linear undercut. 9 High ground clearance of the sills is typical of 1950s designs. 10 One little exhaust pipe seems inadequate today, but the engine was only a 1300, and it breathed very well, thank you. 11 Recessed lamps without trim rings were typically Zagato. Here they are wider at the bottom, but later SZs with flatter lenses reversed that. 12 The trunk holds a spare wheel and tire, not much else. This early car has a lighting fixture above the plate, which was later replaced with body color lamps below it. INTERIOR VIEW (see previous page) Simple, very light, astonish- ingly comfortable and clearly well-ventilated, Zagato seats are masterpieces of functional and aesthetic design. The classical Nardi-style steer- ing wheel set even inexpensive Italian cars apart from products of all other sports-car-manufacturing nations. Nicely styled crackle-finish 12 instrument nacelle is cheap and easy to make — and purely functional. 11 8 56 9 10 Sports Car Market

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German Profile 1968 Porsche 911S Targa “Big Tank” The 1968 911S is scarce in the United States because it was never imported by Prescott Kelly Details Years produced: 1964–69 (First Series 901/911) Number produced: 1968 911S Targas, 442; 1968 all 911S, 1,709; 1968 all 911, 9,902. Original list price: $7,190 before options Current SCM Valuation: $75,000 to $100,000 Tune-up cost: $800 with valve adjustment Distributor cap: $29.91 correct original appearance Chassis #: Riveted alloy plate at very front trunk panel; stamping on panel above spare tire Engine #: Under the fan at 5 o’clock, vertical stamping Club: Porsche Club of America Alternatives:1966–68 Ferrari 330 GTC, 1966–67 Alfa Romeo GTV, 1954–55 Porsche 356 Speedster SCM Investment Grade: A Comps Chassis number: 11850164 Engine number: 4080563 T his 1968 911S is a correct, matching-numbers car that has been given a complete restoration. This car was imported to the United States by Beverly Hills Porsche for a client in 1980. In 2002, the same client commissioned Beverly Hills Porsche to restore the car, and it has been driven sparingly since. The odometer currently reads just 23,700 miles, in- dicating the careful miles covered since importation. It is immaculately clean and painted in the period-correct red over black with the slim bumpers. There are 15-inchby-5-inch Fuchs alloy wheels on the front and 15-inchby-7-inch wheels on the rear. This is a fixed-rear-glass model. Another unique feature on this 911 is its 100-liter fuel tank, commonly referred to in rally circles as the “Big Tank.” A recent drive by a Worldwide specialist confirmed that this 911 is mechanically sorted, has excellent road manners and performed admirably at speed. It is a car that commands respect on the track or show field. SCM Analysis This car, Lot 86, sold for $118,250, including buyer’s premium, at Worldwide Auctioneers’ Houston Classic on May 5, 2012. The sale of this car helps bring into focus the increasing interest in — and increasing prices of — desirable 58 “long hood” or “low bumper” early Porsche 911s. These are the 911s built between 1964 and 1973 — before the federal safety regulations clobbered the automobiles of 1974 and subsequent years with raised impact bumpers and emasculated engines. On the way to introducing the 911, nee 901, at the Frankfurt Auto Show in September 1963, Porsche had already built a reputation for superlative sports racing prototypes and street sports cars. The race cars started in 1953 with the Type 550 and extended up through the “giant killers” 550A, RSK, RS60/61, Carrera Abarth, and 904. These cars all raced in the under-2-liter classes, occasionally besting much bigger and faster machinery with superior longevity, good fuel consumption, great driving, and wily strategies. The street-car Porsches of that era were the iconic 356s, most examples of which are already acknowledged collectibles — with some models now well over into investable status and pricing. Back in the day, however, 356s were commonly thought to be somewhat less than beautiful — except among marque aficionados. Several SCMers have pointedly mentioned to this contributing editor that Robert Cumberford, in his “Perspective” on the 1958 356 Carrera GS coupe in the March issue of SCM (p. 52), seemed to strain to say anything nice about the 356 design. Point taken, grudgingly. Those derogatory points of view largely dissipated when Porsche introduced the 901 in the fall of 1963. 1967 Porsche 911S coupe Lot 109, s/n 308409S Condition 1Sold at $134,750 Gooding & Co., Pebble Beach, CA, 8/21/11 SCM# 184671 1965 Porsche 911 coupe Lot 8, s/n 302461 Condition 2 Sold at $137,500 Gooding & Co., Pebble Beach, CA, 8/20/11 SCM# 183093 1967 Porsche 911S Targa Lot 172, s/n 500190 Condition 2 Sold at $165,000 RM Auctions, Monterey, CA, 8/19/11 SCM# 185562 Sports Car Market Courtesy of Worldwide Auctioneers

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SCM Digital Bonus While maintaining a familial form from the 356, the new design had flowing lines that generated rapturous reviews. The 911 (remember that Peugeot nixed Porsche’s use of “901”) was the handiwork of the firm’s chief designer — Ferry Porsche’s eldest son, Ferdinand Alexander Porsche — known to all as “Butzi.” Butzi Porsche just had designed the Type 904, a break- through design for Porsche sports racing prototypes, which was also introduced in the fall of 1963 for the 1964 and 1965 racing seasons. The 904 is still revered among Porsche and general car collectors as a stunning design. The new 911 quickly became Porsche’s most popular model ever — and as we now know, it formed the basis for an enduring and increasingly popular sports car that lives on, more popular than ever almost 50 years later — despite periodic pronouncements of its imminent demise. The first 911 — faster than a 356 The first iteration of production 911s ran from 1964 through 1968, all powered by the familiar air-cooled, flatopposed “boxer” 6-cylinder 1,991-cc engine. The engine still hung out behind the rear axle, admittedly a less-thanoptimal placement, to preserve the vestigial back seats. Like the 356s, 911s were 2+2s, with back seats that fit only young children or the occasional smallish adult willing to sit sideways. To help compensate for the rear engine placement, the 911 maintained the torsion bar suspension — but added MacPherson struts with lower wishbones in the front and semitrailing links in the rear. The result was a car that was much faster and more easily driven than the 356, albeit with trailing throttle oversteer at the limit that could bite a driver who inopportunely lifted in a curve or corner. More power in 1967 After introduction, the 911 remained relatively unchanged, with continual engi- neering tweaks, until a more powerful engine package was introduced with the 1967 model. The “S” was a desirable upgrade with an additional 30 horsepower at the time, from 130 to 160. This car rolled on the very first version of the forged-aluminum Fuchs five-spoke wheels, which were initially 4.5 inches wide and grew to 5.5 inches wide for 1968. The S also sported ventilated disc brakes, the first front sway bar and Koni shocks. Another innovation introduced mid-model-year 1966 was the Targa top, a brushed- steel, covered roll hoop, in front of which was a removable top section that afforded most of the advantages of top-down driving without the wind-blown detriments. Initially, Targas came with a polyethylene and vinyl rear window that zipped out. Two years later, a fixed-glass window became standard, although “soft windows” could be special-ordered through 1970. The Targas were never as popular as coupes, in part because the Targa bar broke the flow of the overall design of the car and looked somewhat ungainly. Today, four out of five buyers prefer a coupe over a Targa. Big sale not a surprise to insiders Fast forward to May 2012, and a 1968 911S Targa sold for $118,250. Anyone surprised? You shouldn’t be. The pages of SCM have documented the rising prices for early 911s, starting with the white 1964 coupe that sold at RM’s Amelia Island auction in March 2011. This was the first street version 911 2-liter to break $200,000 at auction. Prices continued to rise through the Monterey auctions in 2011 and onward. The fact is that early 911s are hot, increasingly so every month. This reporter’s 911 value chart (see “Porsche Panorama,” June 2012, p. 34) says that an excellent, driver-quality 1968 911S coupe is worth $90,000; investment-grade restored $150,000; with 20% off for a Targa, except soft windows, which are valued the same as coupes. That chart would put our subject car between $72,000 and $120,000. Why are early 911s hot? First of all, they’re rare cars in the United States. The 1968 911S is a scarce item in the United States because it was never imported here. Porsche had to leave the S off its U.S. model lineup for one year while engineers figured out how to manage the new emissions requirements. This problem was solved for 1969 with the introduction of mechanical fuel injection. For 1968, the twin triple-throat Webers were an EPA liability. Indeed, 1968 had the lowest production numbers for any 911S, a model configuration that lived until 1973. Further, this particular 911S Targa has an established provenance and very low miles. The auction company description, however, made it sound as if the car carried a color change from original spec, and the rear wheels were later oversized units. The big gas tank is a rarity in such a chassis, and, if borne out as original by the factory Kardex (build sheet), it would add 10%–15% to the car’s value among the cognoscenti. If this 911S is free of accidents and dreaded plastic filler, we see it as well bought and sold. ♦ (Introductory description courtesy of Worldwide Auctioneers.) SCM Digital Bonus. Additional images and more... August 2012 59

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American Car Collector Profile 1952 Buick Roadmaster Estate Wagon This car was one of the last of the woodies, but, in its current state, it’s more of a driver than an investment by B. Mitchell Carlson Details Years produced: 1949–53 Number produced: 12,791 (1952 Roadmaster wagons: 359) Original list price: $3,977 Current SCM Valuation: $45,000–$75,000 Tune-up cost: $150 Distributor cap: $20 Chassis number: Left front hinge pillar Engine number: Pad directly beneath the cylinder head on the block Club: Buick Club of America More: www.buickclub.org Alternatives: 1946–48 Oldsmobile 76 wagon, 1946–48 Pontiac Streamliner wagon, 1948–50 Packard Standard Eight Station Sedan SCM Investment Grade: C Comps SCM Analysis This car, Lot 552, was sold for $44,280, including buyer’s pre- mium, at The Branson Auction on April 20–21, 2012. The wood station wagon era was all but over by 1952. While some still considered their styling upmarket, to others they were a reminder of the gloomy years of World War II. Wood wagons came into prominence on the home front for carpooling — to the point that individuals and companies (the most famous being Monart Motors) would convert late-model sedans and coupes into nineto 12-passenger wood-bodied wagons, scrapping the remaining body for the war effort. By 1952, woodies were old and done; modern all-steel wagons were the next big thing. Chevrolet, Pontiac and Oldsmobile went to all-steel wagon bodies in 1949. Packard was a flash in the pan from 1948 to 1950. Other independents didn’t have wood; the ones that built wagons were all steel. Willys and Crosley went so far as to mimic the look of a woodie, but were also all steel. Even Ford — one of the last manufacturers to use at least some wood in their wagons, and the industry’s largest producer of station wagons — went all-steel for their all-new 1952 models. The last woodie stalwart was Buick, which used Ionia bodies. Ionia and Buick The first cataloged Buick station wagon was the 1940 Super Series 40B Estate Wagon (along with Oldsmobile, which used the same body for their Series 60 that year). 60 Biehl, of West Reading, PA, built the bodies for this introductory year only. Hercules was awarded the body contract in 1941, and they also provided wood bodies from 1946 until 1948. Before the war, the Evansville, IN, company provided limited-run woodie wagons to a diverse range of customers from Packard to International Truck. The first Buick station wagons transferred from the predecessor company to Ionia (Ypsilanti Reed Furniture Company) were 327 bodies for the 1942 model 49 Estate Wagon. Most Chevrolet — and all Pontiac — woodie wagons were Ionia-sourced after World War II, but when the GM “A” and “B” body wagon went to all-steel construction — built in-house at the Fisher Body Division — Buick contracted with Ionia for the wood wagons built around their new post-war styling for 1949. Ionia was known for excellent build quality, and the company was diverse enough to handle large and small production runs. To say Ionia was well-versed in wood wagon manu- facture would be putting it mildly. Not only were they second only to Ford’s Iron Mountain, MI, plant for volume of wood-wagon bodies built overall, but they also had a history of manufacturing wooden and steel automotive body components going back to the forerunner company in the 1920s. In addition, when Ford and Mercury went to a steel wagon with decorative wood insert panels for 1949 through 1951, Ionia built those bodies under contract. By 1951, Ionia was the wood wagon 800-pound gorilla. The Buick wagons were something of a hybrid in 1948 Pontiac Streamliner woodie Lot 344, s/n P8PB24430 Condition 3 Sold at $75,000 Bonhams, Scottsdale, AZ, 1/19/12 SCM# 191693 1948 Chevrolet Fleetline woodie Lot 44, s/n 20FKK23371 Condition 2+ Not sold at $105,000 Worldwide, Atlantic City, NJ, 2/24/12 SCM# 192992 1951 Buick Roadmaster woodie Lot 422, s/n not available Condition 3Sold at $29,150 Kruse, Hershey, PA, 10/7/05 SCM# 39472 Sports Car Market Courtesy of the Branson Auction

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SCM Digital Bonus construction. Starting with a floor pan and cowl with windshield frame, Ionia constructed the wood framing, doors and tailgate upon the steel. Once the bodies were varnished and cured, they were fully trimmed on the inside — and had the vinyl roof and all glass installed. As such, they were trucked to Buick Main in Flint, MI, for final assembly on a chassis. Buick finally discontinued wood wagons at the end of the 1953 model year, but the company kept on with Ionia — to the point of awarding Ionia the contract for the all-steel wagons for Buick from 1954 through 1964. Ionia also got the contract to build steel wagon bodies for Oldsmobile when they reintroduced that body style in 1957 — after a seven-year wagon-free hiatus — until 1964. Also in 1953, Ionia Manufacturing became part of a newly formed company called MitchellBentley. They continued being an OEM component supplier to most of the automotive manufacturers. The company’s products ranged from trim to the bodies for the Lincoln Continental Mark II. In the late 1950s, Ionia started working in plas- tic, specifically Fiberglass and molded composites. In 1964, they were purchased by A.O. Smith, and shortly thereafter started production for what would be nearly half of the fully trimmed bodies used for the C2 Corvette. After the Corvette contract, they were contacted by Ford and Shelby America to convert Mustangs into Shelby GT350s and GT500s from 1968 to the end of production in 1969. The Ionia plant is still in use today as part of GenTec’s polymers group. Investing in wood Although woodies were some of the most expensive cars in the model range when new — our featured car was more expensive than the Buick Roadmaster convertible by $524 in 1952 dollars — their value sank like a rock as used cars because of the additional maintenance for wood upkeep. It was only in the past couple of decades that woodie wagons really started to challenge drop-tops as the most valuable body style. Woodie wagons — in addition to the Chrysler Town & Country and Ford / Mercury Sportsman convertibles — are cars where the axiom “buy the best one you can afford” really holds true. If you get a bad one — or try to resurrect a dead one — you not only have to be a mechanic, welder, and body man — but also a cabinetmaker. While pre-war, woodframed, steel-skinned bodies can hide a number of woodworking sins, all is laid bare on a woodie. Using the old parts for patterns is a truism. Aside from the more popular Ford wagons, repop wood does not come ready to assemble — you have to make it. Folks who like to putter around in their garage’s wood-working corner and who take the challenge of a rotten post-war woodie wagon often find themselves in over their heads — and the smart ones will acknowledge it and seek professional help. Or move it out. Woodie wagons took some “market correcting” when the overall collector car market took a downturn in late 2007. While they didn’t nosedive like some segments, woodies did go from being a “no-brainer” at $50k to using your melon and possibly taking or paying $40k. Today, they seem to be generally on an upswing, but this is for stellar examples without excuses or termites. I covered this Branson Auction, and my initial impres- sion on our subject car was that it made good eye candy — and the wood was going to need some attention (what woodie doesn’t?) in the not-too-distant future. However, there was nothing that scared me about it either. This car isn’t a concours lawn ornament or a rotten plank. It’s a middling 1950s cruiser wagon. That impression was likely what those with bidder’s paddles also had, as the selling price reflects it being in the range of a cruiser/driver, rather than an investment piece or fancy truck. However, if it were to surface again to be flipped at Branson’s auction in October and is bid in this territory, it would likely be worth putting one’s hand in the air. ♦ (No introduction was provided by the auction com- pany.) SCM Digital Bonus. Additional images and more... August 2012 61

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Race Car Profile 2007 Peugeot 908 V12 HDi FAP Le Mans Racer Audi and Peugeot won Le Mans and other important races. So, the idea of a world-beating racing diesel is no longer an oxymoron by Thor Thorson Details Years produced: 2007–10 Number produced: 6 Original list price: n/a Current SCM Valuation: $1,700,000 to $2,000,000 Cost per hour to race: $4,000 Chassis #: Unknown Engine #: Unknown Club: Historic Sportscar Racing Ltd. More: www.hsrrace.com Alternatives: 1978 Rondeau LM GTP, 2002 Cadillac Le Mans prototype, 1984 Porsche 962 Comps Chassis number: 2 ventilated disc brakes. The wheelbase is 116 inches. • 2009 Le Mans Works entry • Exceptional and undisputed racing provenance • 1st Overall at Monza, Silverstone and Spa • Groundbreaking HDi diesel-powered V12 engine • Run by the Works-Peugeot factory race team • The first Peugeot 908 HDi to ever be offered for public sale T • Rare and important milestone in motorsports history SCM Analysis This car, Lot 382, sold for $2,175,600, including buyer’s pre- mium, at RM’s Monaco auction on May 12, 2012. When I was a younger man, the idea of conflating terms such as “diesel” and “race car” was considered an oxymoron along the lines of “reliable English car,” “exciting Mercedes” or “affordable Ferrari.” They just weren’t terms that anyone seriously considered using in the same sentence. Diesels were heavy, slow, smoky, dull — did I men- tion slow? A joke running around West Los Angeles during the mid-1970s maintained there was a new driving school established to teach people how to drive the Mercedes diesels that were becoming popular. To provide an authentic learning experience, the school cars were overloaded Chevy 6-cylinder automatics with the emergency brake half set. 62 his car has a 700-plus horsepower, 5,500-cc twin-turbocharged dual overhead camshaft V12 engine, 6-speed sequential manual paddle-shift gearbox, independent front and rear doublewishbone suspension, and four-wheel hydraulic The school was a joke, but the performance problem was really true; I recall getting my first ride in the new 300SD turbocharged Mercedes and being astonished at the acceleration, even though in retrospect it wasn’t any faster than a 280S. It was just so much more than I expected. The traditional racing-car values of lightness, balance, responsiveness and high power to weight just weren’t accessible in those days with diesel power. No longer just tractor pushers Time rumbles forward, though, and the 40-year span between then and now is chronologically identical but technologically eons greater than the equivalent span from the mid-1930s to the mid-1970s. There were three grand impediments to making diesels the light, responsive, powerful units that racing requires: 1. The design technology to build a lightweight block structure to carry the immense loads generated by the diesel concept. 2. The development of responsive automobile-sized turbochargers to cram the air into the engine. 3. Finally — and most importantly — effective, realtime fuel management. To understand the accomplishment of a serious diesel racing car, we need to spend a bit of time with each of these challenges. Building a strong, light block The fundamental structural problem with the diesel concept is that it puts immensely greater loads on the system than an Otto-cycle (gasoline) engine does. The gas engine mixes fuel and air, compresses it and lights it on fire, where it burns (very quickly, but it never ex- Sports Car Market 1984 Porsche 962 Lot 53, s/n 962103 Condition 3 Sold at $1,925,000 Gooding & Co., Amelia Island, FL, 3/9/12 SCM# 196897 2002 Cadillac Le Mans Northstar Prototype Lot 179, s/n LMP02002 Condition 3+ Sold at $209,000 RM Auctions, Amelia Island, FL, 3/12/11 SCM# 176566 1978 Rondeau M378 Le Mans GTP Lot 316, s/n M378001 Condition 2Sold at $450,000 RM Auctions, Monaco, 3/12/12 SCM# 202089 Bernard Canonne ©2012 Courtesy of RM Auctions

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SCM Digital Bonus plodes) and the resulting gases push the pistons down. If it the gasoline-saturated vapor explodes, we call it “detonation,” and the shock loads will tear an engine apart in seconds. A diesel, on the other hand, plans on detonating all day long. The idea is to com- press the air so much (22:1 is a sort of normal static compression ratio, then add supercharging) that it heats itself, then squirt fuel in at the top of the stroke, where it literally does explode, at least at the beginning of each power stroke, which is why they’re noisy. The loads that this puts on the rods, crankshaft, and bearings are spectacular and require a very strong system (remember when GM tried to convert their gas V8 into a diesel in the ’70s? it didn’t even come close). In the beginning, manufacturers solved this problem by literally pouring great masses of cast iron at the problem, which worked as long as you didn’t care about weight. As part of the digital revolution beginning in the 1970s, computer technology developed to the point that internal load patterns could be parsed out and CAM machines could cut away the non-essential metal. This, combined with a concurrent revolution in which precision die casting replaced sand casting as the way to build the core blocks, allowed huge amounts of weight to be removed from engines without compromising strength. It also eventually allowed for aluminum diesel blocks for racing purposes — although they’ve never been practical for production cars. Under pressure Today we take turbochargers for granted, but the small, responsive ones suitable for automobiles — and particularly race cars — have been around for only a few decades. The ability to cram a lot of air into a cylinder on short notice is essential if you are going to get the power needed to be competitive. It is important to remember here that diesels do not use throttle or induction restriction of any sort, as the speed and power are determined solely by how much fuel is squirted in and whether there is enough oxygen to burn it. The biggest development by far was the development of what is generally called “common rail” diesel fuel injection. In a diesel, the fuel is squirted directly into the cylinder at the worst possible time (highest cylinder pressure), which means that it has to come out under extremely high pressure to spray out and burn correctly. Traditionally this was accomplished with a timed mechanical pump, which is a set of variable displacement pistons, each pushing a certain amount of fuel (quantity determined strictly by throttle position) through a pipe to a nozzle in the appropriate combustion chamber. There is nothing wrong with this, but it is not subtle, efficient or responsive. The idea of common rail is that it uses a single, pressurized fuel galley for all the cylinders (a “common rail”) and uses computer-controlled, electrically triggered injectors to dispense the individual fuel pulse. This is essentially exactly the same as the fuel injection in your Bimmer or Cadillac, and it allows real-time management of every pulse of fuel. The system considers throttle opening, change in throttle, amount of air available, temperature, engine load, and who knows what else. All this allows extraordinary precision in optimizing fuel burn. The catch for diesels is that the pressures are so great, that what seems an easy concept becomes an immense challenge. Your port-injected BMW runs gas at about 60 psi, but our Peugeot race car calls for 15,000 psi diesel fuel pushed through a micro-electronically fired injector for durations of roughly 1/100th of a second about 36 times a second (at 4,500 rpm), and that with precision timing and spray pattern so it burns right. This becomes a pretty spectacular problem with strange complications. Some years ago, a Mercedes engineer told me they were having problems with the fuel being pushed up the injector trigger wires, between the wire and the insulation, and flooding out the electronic control boxes. The point, of course, is that they did figure it all out, with the result that a modern diesel street car is almost indistinguishable from its gas-powered equivalent in anything except fuel efficiency and purchase price — both are significantly higher. The manufacturers, having invested staggering amounts of time and money developing what they felt to be a truly superior product, had to face the next problem: how to sell it. On the tracks — and the auction block Endurance racing would seem to be an obvious solu- tion to the marketing issue of trying to change diesel’s image in the minds of consumers, but in the end only Audi and Peugeot chose to go that route. The various rally authorities proved very responsive and allowed the rules to be adjusted to not-so-subtly allow advantages to the new concept — at least while it established itself. I can imagine how many times the meetings about rules were punctuated by “but it’s a diesel!” as Peugeot and Audi worked this out. They were successful, though, and both Audi and Peugeot won Le Mans and other important races. So, the idea of a world-beating racing diesel is no longer an oxymoron. So what are we to think of the subject Peugeot 908, and particularly, how should it be valued? There isn’t much in the way of comps to be found. I know of at least one diesel R10 Audi and several R8 (gasoline) cars that run the Eastern United States, but they were apparently privately purchased. This is the only 908 Peugeot to have been released (it was sold by the factory), so the waterfront is pretty short when it comes to covering the options. It is definitely a very cool car and, I’m told, fun — but a bit boring — to drive. It is way fast, and air-conditioned to boot (per the rules for closed cars). Plus, there has to be a huge FOB (First On Block) factor in play in the value. If you want the only one of something special, you have to be willing to step up when the opportunity presents, and clearly there was more than one bidder willing. I would say this was an expensive but not irrational purchase by a knowledgeable buyer; well sold — and fairly bought. ♦ (Introductory description courtesy of RM Auctions.) SCM Digital Bonus. Additional images and more... August 2012 63

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Market Reports Overview V12 Ferraris and Big-Block Chevys Rumble to $113m RM Monaco brought $42m for a mere 69 cars, and Mecum sold 1,335 lots in less than a week for $50m By Tony Piff O ut of nine auctions covered in this issue — with a combined sales total of $113m — 80% of the cash changed hands at two auctions: RM Monaco and Mecum Indy. While those auctions would appear to be incompa- rably different, their combined success highlights a few important points: First, auction houses that can identify and cater to a specific market niche will benefit from the focused attention of hardcore enthusiasts and see greater profits as a result. Second, engines are the heart of motoring, and cars with the biggest, ultimate-spec engines will often capture the biggest bids. One might also make a third point that, just as RM’s $42m is crazy money for a mere 69 cars, Mecum selling 1,335 lots in less than a week for $50m shows that there is more than one market out there. No matter what segment you’re looking at, the collector market is thriving. Auction Analyst Jérôme Hardy reported on all three Monaco auctions and calculated that RM earned $30m from just three marques — Ferrari, Alfa Romeo and Lancia — for 70% of their overall total. The top lot — and the most expensive car in this issue — was a 1957 Ferrari 625 Spider, sold at $6.5m. Hardy noted that, while Bonhams’ numbers were less jaw-dropping, there was nonetheless “something for everyone,” including some cool, quirky surprises. A 1965 Ferrari 250 GTO replica brought an unexpected $365k, and a 1963 Fiat Jolly 500D broke the century mark, selling for $107k. Coys sold a very well-restored 1936 Rolls-Royce Phantom II for $1.5m, double the number expected, and achieved a market-correct $874k for a 1954 MercedesBenz 300SL Gullwing. Sales totals took a major jump to $6.2m from the $2.5m reported in 2009 (the most recent data available). At Mecum, six of the top 10 sales were Chevys — 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 66 (Land Auctions Only) 1. 1957 Ferrari 625 TRC Spider, $6,526,800— RM, p. 83 2. 1952 Ferrari 225 Sport Spyder, $3,263,400— RM, p. 82 3. 1936 Mercedes-Benz 540K Sport Cabriolet A, $3,009,580—RM, p. 80 4. 2006 Ferrari FXX Evoluzione coupe, $1,733,228—RM, p. 86 5. 1969 Alfa Romeo Tipo 33/3 racer, $1,595,440—RM, p. 84 6. 1936 Rolls-Royce Phantom III drophead coupe, $1,482,065—Coys, p. 96 7. 1948 Ferrari 166 Inter Spyder, $1,307,950—RM, p. 82 8. 1971 Ferrari 365 GTS/4 Daytona Spyder, $1,305,360—RM, p. 86 9. 1968 Ferrari 330 GTS convertible, $1,102,304—RM, p. 84 10. 1964 Ferrari 250 GT Lusso coupe, $971,768—RM, p. 84 1. 1954 Mercedes-Benz 300SL Gullwing coupe, $873,396— Coys, p. 96 2. 1969 Chevrolet Camaro ZL1 coupe, $424,000—Mec, p. 76 3. 1931 Duesenberg Model J Beverly sedan, $137,500—Dra, p. 108 4. 1973 Iso Fidia sedan, $66,985—Bon, p. 126 5. 1967 Trident Clipper V8 coupe, $54,390—RM, p. 80 Sports Car Market $50,240,330 Sales Totals Mecum, Indianapolis, IN RM, Monte Carlo, MCO Coys, Monte Carlo, MCO Dragone, Westport, CT Auctions America, Carlisle, CT Bonhams, Monte Carlo, MCO Silverstone, Northamptonshire, U.K. $6,154,239 $43,410,615 $5,080,725 $2,529,335 $1,125,375 $2,435,880 mostly big-block muscle. A 1968 Corvette 427/430 L88 convertible sold at $636k, an unusual 1969 Chevrolet Yenko Nova brought $503,500 and a 1969 Camaro ZL1 brought $424k. With 1,335 vehicles sold, prices ranged all the way down to four digits, with an overall average price per car of $37k. Longtime collectors Manny and George Dragone kicked off the first-ever Dragone auction in Westport, CT, with impressive results. They managed an 80% sell-through rate, with 38 out of 46 cars finding new homes, for combined sales of $5m. A 1931 Duesenberg Model J made up a significant chunk of that total. It sold for $1.4m. Sales figures at Auctions America by RM’s well-established Spring Carlisle sale were off from last year’s high of $2.7m, but the numbers showed more money per car. Fewer cars were sold and consigned (131 out of 267, compared with 149 out of 272 in 2011), but average price per car bumped up slightly to $19k, from $18k. A 1957 Chevrolet Corvette 283/270 convertible was the top car, at $99k, followed by a concours-quality 1969 Buick Skylark GS400 convertible, at $79k. At Silverstone Northamptonshire, two lots surpassed $100k by a healthy margin: a 1973 Porsche 911 Carrera RS 2.7 sold for $327k, and a 1982 Ralt RT3 Formula 3 racer sold for $181k. A 1976 Jensen Interceptor, very well restored, took the third slot and looked like a bargain at $76k. We conclude this issue with a roundup of highlights from Silver’s Spokane sale and Classic Motorcar Auctions’ Novi sale, as well as Chad Tyson’s eBay column. This month, Chad takes a look at Japanese econoboxes selling for surprisingly strong money. ♦ Top 10 Sales This Issue Best Buys

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Mecum Auctions Indianapolis, IN 25th Annual Spring Classic As seen in other recent Mecum auctions, big-block-powered Chevys dominated the high sales, with the top sale a 1968 Corvette L88 convertible at $636k Company Mecum Auctions Date May 15–20, 2012 Location Indianapolis, IN Auctioneers Mark Delzell, Mike Hagerman, Jim Landis, Bobby McGlothlen, Matt Moravec and Jeff Knox Automotive lots sold / offered 1,335/1,991 Sales rate 67% Sales total $50,240,330 High sale 1968 Chevrolet Corvette L88 convertible, sold at $636,000 Buyer’s premium 1969 Chevrolet Camaro — The First ZL1, sold for $424,000 Report and photos by B. Mitchell Carlson Market opinion in italics I n 1988, Dana Mecum conducted his first collector car auction in suburban Chicago. He had some said and done, a hair over two-thirds of those vehicles — 1,335 — had sold. Just like their other recent auctions, big-block-powered Chevys dominated the reservations about doing it again, but the next year he went for it. And over the next two-and-a-half decades, the Spring Classic would grow into one of the country’s most important auctions. Mecum’s flagship sale took back its title of “World’s Biggest Collector Car Auction” recently, after some time playing second fiddle to Kissimmee, another of the company’s colossal sales. A celebration of the 25th Indy event took place at noon on Saturday with Dana, with his wife, Patty, at his side. Not far from the auction block, he thanked his customers, his employees and especially his family, and it was one of the only times I’ve ever seen Dana at a loss for words. From Tuesday, May 15, through Sunday, May 20, a total of 1,991 unique vehicles crossed the auction block. With almost 100 vehicular reruns and “road art” memorabilia, 2,981 total lots were presented. When all was 68 high sales. A 1968 Corvette L88-powered convertible was the tops, at $636,000. Next up was a 1969 Yenko Nova at $503,500, and third-highest was a competition car: a 1969 Camaro hard top which was not just your typical drag racer; it was the first ZL1, and it garnered $424,000. From those top sales all the way down to the least-expensive sold car — a 1983 Lincoln Continental Mark VI for $3,050 — there was truly something for everyone. From CCCA Full Classics, to imported exotics, to entry-level collec- tor cars, all segments had cars to choose from. For all intents and purposes, Indy is a week- long event with days that usually start at 9 a.m. and continue past 11 p.m., and the strain on consignors and workers (even with plenty of staffers to share the workload) was at times apparent. The event was a success on all fronts, but it seems to me that an auction of this size may represent the point of critical mass. One thing is for certain; with 25 successful Spring Classic auctions under their belt, Mecum has a solid foundation and successful track record to make number 26 even better next year. ♦ $10m $20m $30m $40m $50m 0 Sports Car Market Sales Totals 2011 2010 2009 2008 2007 $300 on the first $5,499, $500 from $5,500 to $9,999, 6% thereafter, included in sold prices

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Mecum Auctions Indianapolis, IN CANADIAN #F75-1975 BRICKLIN SV-1 coupe. S/N 00011BX5S001279. Pearlescent orange/black leather & suede. Rebuilt from a bare chassis. Powder-coated frame, fitted with narrowed rear axle, air suspension and four-wheel disc brakes—the latter heavily rusted. N.O.M. 351 Windsor built up to 406 cubes, with a heavily modified C6 automatic. Despite lots of prep work, body is wavy and panels fit poorly. Custom-fabricated interior, ratchet shifter, digital gauges and modern audio system with DVD screen. Monster bling wheels. Cond: 3+. SOLD AT $14,840. This was originally done up for the TV show “Chop, Cut, Rebuild” on the SPEED Channel. The new owner at least can truthfully say he’s got the only one in the parking lot. ENGLISH #S135-1953 ALLARD K3 roadster. S/N 3182. Red/black cloth/brown leather. Odo: 17 miles. Good-quality paint and chrome. Lessthan-perfect gaps. Tidy under the hood, but not especially accurate, with modern ignition wiring, clamps, etc. 4-barrel on engine, dualquad intake loose with the car. Authentically reupholstered seats. Gear selector is located next to hand brake in the driver’s door sill. gaps. Show-quality clean and tidy engine bay. 1987 Texas inspection sticker on windshield. Cond: 2. SOLD AT $100,700. Eleven more miles since it was seen here at Mecum’s May 2011 Indy sale, not sold at $110,000 (SCM# 179401). Also not sold at $110,000 at Mecum’s 2011 Monterey sale in August (SCM# 185045), but finally sold at $95,400 at Mecum’s 2011 Dallas sale in October (SCM# 190956). Price paid today therefore looks about market-correct. #G247-1958 MGA roadster. S/N HDR436608. White/black cloth/red vinyl. Odo: 33,761 miles. Fitted with tonneau cover and knockoff chrome wire wheels. Stated to have had a complete rotisserie restoration in recent years. Better-than-original prep and paint. Door gaps no worse than factory. Showquality engine bay. Cond: 2+. SOLD AT stery, tires, exhaust and fender skirts (a touch darker than rest of body). Acceptable door replate of all exterior chrome. Inside, some brightwork new, some old and lightly pitted. Original radio-delete plate still in place. Cond: 3+. SOLD AT $45,050. Very authentically restored. So much so that after eight years it’s falling apart. Plenty paid for a driver, plenty paid to heal its wounds and tidy it up again. #F256-1965 SUNBEAM TIGER Mk IA convertible. S/N B382000677LRXFE. Red/black vinyl/black vinyl. Odo: 49,091 miles. Driver with older restoration. Good repaint, slightly lighter behind doors. Older bumper rechrome with good original trim. Original motor recently rebuilt, tidy with period aftermarket Tiger valve covers and air cleaner housing. Non-stock exhaust. Slight fading of older seat upholstery. Minimal wear on newer carpeting. Factory radio-delete and aftermarket Panasport alloy wheels. Cond: 3+. SOLD AT $58,300. Seen at Mecum’s 2011 Dallas auction last October, then a no-sale, but appropriately bid at $42,000 (SCM# 191118). Final price today looked a bit high for the car. $37,100. This was one of the more pleasing MGA restorations that I’ve seen in a while. The chrome wire wheels gave a hint of being overdone, but for once it’s nice to see an MG that doesn’t have a grille badge collection bolted to it. The reserve was lifted when the bidding ceased, for a good transaction for all parties involved. With period accessory Marchal driving lights. Cond: 2-. SOLD AT $127,200. The K3 was the more genteel touring car variant, having proper full fenders over the K2’s cycle fenders, with only 62 built during its three-year production run. This example could be easily detailed as a concours lawn ornament, or prep the drivetrain and use it for touring and vintage rally duty. Priced accordingly either way. #F278-1957 JAGUAR XK 140 roadster. S/N 812462. White/black cloth/red leather. Odo: 34,207 miles. Twenty-plus-year-old concours-quality restoration. Paint and chrome holding up well. Recently replaced top, uphol- 70 #T268-1964 AUSTIN-HEALEY 3000 Mk III BJ8 convertible. S/N HBJ8L26879. Black/black vinyl/red leather. Odo: 87,082 miles. Professional frame-off restoration eight years ago. Excellent body prep paint. Betterthan-original door and panel fit. High-quality #T165-1979 MGB convertible. S/N GHN5UL497392G. Orange/black vinyl/black vinyl. Odo: 24,146 miles. Unrestored and showing actual miles. Well-preserved paint and interior, neither of which looks 33 years old. Tidy under the hood. Cond: 2. SOLD AT $22,260. Finding a low-mile original late 1970s MGB isn’t all that difficult. Not a preservation-class car, not a driver, and touchand-go for a “take it out on a nice day” cruiser. Enough was paid here. GERMAN #W363-1967 VOLKSWAGEN KARMANN GHIA convertible. S/N 147609873. Red/black cloth/black cloth & vinyl. Odo: 6,595 miles. Good prep and paint outside, sloppier masking inside around door seals. Gaps uneven, but doors shut well Sports Car Market

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Mecum Auctions Indianapolis, IN enough. Replated bumpers, repro door handles and windshield trim, period accessory luggage rack. Stock steel wheels with repop hubcaps polishing swirls. Nick in right front corner bumper cladding. Like-new interior. Cond: 3+. SOLD AT $25,970. Still the second-leastdesirable Ferrari officially imported to North America (the coupe version has the top honor, as it were). Yet with a maintenance track record and recent cam belt replacement, this is worth taking that leap if you wanted to try Ferrari ownership. At least it qualifies for historical or collector licensing in most states, and if it does start to consume your wallet at an uncomfortable rate, can be flipped without losing too much money. Market-correct. and modern wide whitewall radials. Older seat redo, with non-stock cloth inserts. Cond: 3+. SOLD AT $15,900. Like the Beetles they are based on, Karmann Ghias slipped a bit in the market a few years ago but seem to have shown some recovery as of late. A slightly better sale than purchase, but being a 1967—considered one of the best years by pundits for a VeeWee—the buyer didn’t get shafted, either. ITALIAN #G166-1984 ALFA ROMEO SPIDER VELOCE convertible. S/N ZARBA5411E1019041. Light yellow/black vinyl/dark blue vinyl. Odo: 92,168 miles. Minimal-effort repaint is starting to get chalky. Fogging and light delamination of older OEM replacement windshield. Baked-out emblems and rear rubber spoiler. Mix-and-match side emblems: left JAPANESE #W233-1972 TOYOTA CORONA MK II wagon. S/N RT79015227. Blue/blue vinyl. Odo: 30,171 miles. Miles claimed actual. Circa-1996 repaint, when a Toyota dealer bought it from the original owner. From then until recently, a showroom ornament. Good original chrome and trim. Fitted with newer radial tires. Engine bay mostly original and tidy. Pristine all-original interior, with minimal reupholstered in stock manner with little wear. Cond: 3. NOT SOLD AT $28,000. Doing a little research afterwards revealed this basic panel body was a Diamond T-made unit but was modified for the dairy industry. Creameries tended to favor wood-paneled vans, since they could be treated for resisting lactic acid, unlike carbon steel. It’s a case of trying to sell to a very narrow market with a specialized body like this. #W62.1-1948 INTERNATIONAL KB-2 pickup. S/N 65610. Forest Green/green vinyl. Odo: 52,546 miles. 214-ci I6, 1-bbl, 3-sp. Wears a mix of old paint and newer paint made to look old, helped out by brush-painting the fenders. Spare tire inside of box, which has a newer flat steel floor, rusted-out side pocket bottoms. Newer school-bus-grade seat upholstery. Prudent update of a modern tachometer clamped to the steering column (as you can spin a rod bearing past 2,800 rpms pretty eas- seat and carpet wear, plus light flaking of various vacuum-plated trim. Factory a/c. Cond: 2-. SOLD AT $14,310. One area of collector cars that has been gaining value by leaps and bounds is older Japanese cars. Now catching on nationally, rather than just a West Coast thing, the few surviving examples are now bringing some pretty respectable coin. This selling price did not catch me off guard at all. side has “Graduate Veloce,” right has “Spider Veloce.” Heavy pitting on headlight bezels. Serviceable, weathered top. Serviceable, weathered interior. Offered at no reserve. Cond: 4. SOLD AT $4,800. Last seen at Mecum’s Kissimmee 2012 auction in January, stated to have sold for $7,000 (SCM# 199167). A serious case of hot potato. #T248-1984 FERRARI MONDIAL Quattrovalvole convertible. S/N ZFFUC15A0E0052995. Red/black cloth/tan leather. Odo: 22,159 miles. U.S. specification. Stated to be original-miles and recently serviced. Good original paint with some light AMERICAN #G123-1947 DIAMOND T 201 panel truck. S/N 2012717. Tan/brown vinyl. Odo: 81,784 miles. 236-ci I6, 1-bbl, 4-sp. Newer repaint with dust and sanding scratches beneath. Body sits high, and rear fenders were made for single wheels while truck now has duals. Body has sliding doors behind driver and passenger position to better access the cargo area, which is fully wood-paneled. Stated to have recently rebuilt powertrain, but not perfect under butterfly hoods. Recently ily). Engine runs out rather well. Cond: 4-. SOLD AT $6,500. After WWII, Knox supplied 7½-foot pickup boxes to International Harvester as an option—partially because Knox had a higher priority for obtaining steel in that tight immediate post-war market, being a small company. Since my ’47 KB-1 is near identical in condition—actually better, as it’s not this rusty—this was something of a wake-up call. In my mind, this is still a truck that’s worth the whole $1,500 I paid for mine in 1999. #F336-1955 CHEVROLET 3100 Napco Suburban SUV. S/N H255K021842. Ocean Green/tan vinyl. Odo: 24 miles. 235-ci I6, 1-bbl, 4-sp. NAPCO 4wd conversion installed when new. Claimed to have been sold new to Colorado Forest Service. High-quality frameoff restoration performed in recent years. Excellent body prep and paint work; doors slightly darker shade. Better door fit and gaps than expected of a truck. Light wrinkling of reupholstered seats. Showroom stock underhood. Cond: 1-. SOLD AT $68,900. This was a very authentically restored truck—usually a Task Force-era Chevy gets loaded up with chrome. As a government truck, it’s spot-on for 72 Sports Car Market

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Mecum Auctions Indianapolis, IN only having the door handles, emblems, and light bezels plated. Quality doesn’t come cheap—if you happen to have a Suburban with a NAPCO 4wd, that is. #G134-1963 CHEVROLET CORVAIR Monza Spyder convertible. S/N 30967W176281. Dark green metallic/white vinyl/white vinyl. Odo: 50,364 miles. 146-ci turbocharged H6, 4-sp. Originally Silver Blue with black interior. Trim-off repaint. Not a bare-body restoration. Selectively replated and replaced brightwork. Optional wire wheelcovers and dealer-accessory bumper guards. Newer repaint and master cylinder in trunk, but has rust stains in trunk well. Newer Clark’s serve was off at $7,750, and the bidding kept going strongly past it. Well sold. #F322-1964 PONTIAC GTO 2-dr hard top. S/N 824P87684. Grenadier Red & white/red vinyl. Odo: 66 miles. 389-ci V8, 3x2-bbl, 4-sp. Pontiac Historical Services verified. All documentation since purchased new. State-of-the-art restoration completed in 2009. Gaps good but not perfect. No discernable wear or use since restoration. Concours-ready as presented here. Factory Tri-Power, a/c, minimal wear on mostly replacement interior. Modern drop-in tape deck and aftermarket Sun tach. Optional power steering, power brakes, wire wheelcovers, and rocker panel stripes. Cond: 2-. NOT SOLD AT $30,000. While this was a respectable older restoration, it’s been down the road some and has lost some of its shine. Bid was a bit light, but not by much. #F333-1968 AMC JAVELIN 2-dr hard interior kit installed, but door panels starting to come loose along edges. Modern sound system in stock radio nacelle. Fuel smell noted, most likely from fuel-tank sender connection. Cond: 3. SOLD AT $12,455. Offered at no reserve out of one of the larger collections at the auction. $10k for a Spyder droptop is a no-brainer in any sort of presentable condition; $20k is looking like the next frontier for the nicest, most authentic ones. Well bought and well sold. #G149-1964 CHEVROLET CORVAIR Monza convertible. S/N 40967W144669. Black/black vinyl/red vinyl. Odo: 92,414 miles. 164-ci H6, 2x1-bbl, auto. Repainted in original color combo, per body tag. ’62 front trim, but with unique ’64 hood, trunk letters and side moldings. Fitted with modern aftermarket mirrors and wiper blades. Original vent window frames with light pitting and dry-rotting seals. Good fit on replacement top, seats and carpeting. Newer radial tires. power steering, power brakes, push-button AM radio, and wire wheelcovers. Cond: 1-. NOT SOLD AT $60,000. The first thing that struck me on this Goat was not how well it was restored, but that it still had its original wire wheelcovers. These usually got ditched relatively quickly. Lesser early GTOs have sold for more, so I can’t blame owner number two for keeping it a bit longer. #T7-1965 JEEP GLADIATOR J200 Thriftside Custom Cab pickup. S/N 2406W11132. Off-white/green vinyl & black cloth. Odo: 12,559 miles. 230-ci I6, 2-bbl, 3-sp. One-owner truck until February 2011. Unrestored and showing actual mileage. Front bumper may have been rechromed. Light battle damage on all-original paint. Like-new top. S/N A8M795T294596. Red, white and blue/black vinyl. Odo: 20 miles. 343-ci V8, 2x4-bbl, 4-sp. One of three cars built by Craig Breedlove and Edelbrock for Car Craft magazine-sponsored “Bonneville Speed Spectacular.” Actual miles, with 19 of 20 claimed to have been put on while setting C-production class record at Bonneville of 161 headers and H.E.I. distributor on stock-appearing motor. Good installation workmanship, mph. Excellent original condition, with only additional lettering on sides. Cond: 2-. SOLD AT $90,100. Quite the 1968 time capsule. AMC actually hoped that the winners in the contest would take the cars and go-fast parts and go out and compete for the greater good of AMC. Way too valuable to race flat-out today, as evidenced by this sale. #F396-1968 MERCURY COUGAR seat, door panels and dashboard. Cond: 3-. SOLD AT $21,200. Early Jeep Gladiator pickups are far and few between—with few bought new and most used to death, let alone one with the “Thriftside” stepside box. Sold for triple what I estimated, but it didn’t make my jaw hit the concrete either. Optional 110-hp motor, Powerglide, woodrimmed steering wheel, wire wheelcovers, gas heater and heavy-duty air filter. Cond: 3. SOLD AT $9,000. While you can find the Spyder wood wheel with some regularity, one in a Monza is very rare. Also, by ’64, the optional gas heater was virtually extinct, and is very unusual to find in a convertible. The re- 74 #F205-1966 CHEVROLET CHEVELLE SS 396 convertible. S/N 138676B131181. White/white vinyl/red vinyl. Odo: 2,865 miles. 396-ci V8, 4-bbl, 4-sp. Better-quality body prep and repaint, decent panel fit. Non-OEM replacement windshield. Most easy-to-pull-off chrome bits replated; vent window frames have frosty original chrome. Older replacement top with scratching on backlight. Tube GT-E 427 2-dr hard top. S/N 8F93W537968. Augusta Green/black vinyl/black vinyl. Odo: 75,747 miles. 427-ci V8, 4-bbl, auto. Optional 427 V8 with C6 automatic. Claimed to have recently had “frame-up” restoration. Retains original and yellowing glass. Lower-quality body prep and paint. Reupholstered seats slightly overstuffed, but have moderate layers of dust rather than wear. Heavier wear on door window seals. Far better prep work done Sports Car Market

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Mecum Auctions Indianapolis, IN underhood, with show-quality detailing down to clamps and smog plumbing. Cond: 2-. NOT SOLD AT $70,000. Talk about one rare cat— having a 427 (not 428) teamed up with an automatic transmission (which was not available during most of its production run). The smog gear is the primary reason it’s rated at 390 horses and not the 410 that single 4-barrel versions were. Most non-Ford folks not grasping this (and the wear) kept this from being bid more appropriately. #F201-1968 PLYMOUTH BARRACUDA Factory drag car fastback. S/N B029M8B299144. White, red & blue/black vinyl. Odo: 1 miles. 426-ci V8, 2x4-bbl, auto. Modern pop-rivets securing VIN tag to dash. Hood kept closed, unable to verify fender tag or anything about motor. Newer repaint to batch-built factory drag car standard. Presentable original brightwork. Modern alloys up front, wide chrome steel riod competition configuration, now features a number of competition upgrades. Very presentable, repaint shows some cracking. Allbusiness interior, with original front seats and 120-mph speedo. Retains original block, but most ancillaries have been upgraded. Cond: 3+. SOLD AT $424,000. This car set the AHRA world record for SS/E class in October 1971: 9.63 seconds at 143 mph. The reserve was lifted at $400k, which seems very well bought for ZL1 number one. #F319-1969 FORD MUSTANG Boss 429 fastback. S/N 9F02Z150471. Candy Apple Red/black deluxe vinyl. Odo: 43,565 miles. 429-ci V8, 4-bbl, 4-sp. Kar Kraft# 1238, 38th Boss 9 built. Restored authentically by marque expert Randy Roberts in 2009, as confirmed by Marti Report displayed with car. Interior décor group with high-back bucket seats and snooze control) this would be believable. This helped generate a very strong sale for a 383 car. #F340-1970 CHEVROLET CHEVELLE SS 454 LS6 convertible. S/N 136670B134303. Cranberry Red & white/white vinyl/white vinyl. Odo: 44,900 miles. 454-ci V8, 4-bbl, auto. CE-coded factory replacement engine block. Retains original build sheet and Protect-O-Plate. State-of-the-art restoration roughly a decade ago; presents as show-ready. Light yellowing wheels that just fit in the tubbed rear. Allbusiness interior, with original seats, steering wheel, and dash; plus a full complement of modern race equipment including a full roll cage. Offered at no reserve. Cond: 3. SOLD AT $73,140. It’s a pretty big leap of faith to buy a Hemi car—especially a factory race car—with the hood shut. This car did not inspire confidence, and judging by the price paid, other folks felt the same. BEST BUY #F330-1969 CHEVROLET CAMARO ZL1 coupe. S/N 124379N569358. Red pearlescent/black vinyl. Odo: 63 miles. 427-ci V8, 2x4-bbl, auto. First ZL1 built, COPO 9560, delivered new and raced by Fred Gibb Chevrolet. Originally delivered in Dusk Blue, repainted while set up for competition by Dick Harrell Performance. Restored in ’80s to pe- Concours-quality underhood detailing. Factory-optional power steering, brakes and top, cruise control and AM/8-track. Modern Magnum 500s on Redline radial tires. Cond: 2. SOLD AT $60,420. Claimed to be a dealer demonstrator, but no documentation provided to prove it. However, with a good number of goodies on board (such as the rarely-seen original build quality. Equipped with 340 and pistol-grip 4-speed; was originally built with a 318 (per G-code VIN) and 3-speed manual. Correct optional a/c, power steering, Rally gauge pack, AM/FM radio, and Magnum 500 wheels. Cond: 1-. SOLD AT $71,550. This was in stunningly good shape for an older restoration, so while not cheap, wasn’t insanely stupid money either. Considering the N.O.M., just sold well. © center console. Heavily documented since day one. No discernible wear or deterioration since restoration, aside from light dust captured in the seat weaving. Car is concours-ready as presented. Cond: 1-. NOT SOLD AT $275,000. While a lot of muscle cars rang the bell this weekend, this wasn’t one of them. The seller was clearly looking to set the market for Boss 9s with this example, not move it out. #F286-1969 PLYMOUTH ROAD RUNNER convertible. S/N RM27H9G159245. Dark aqua metallic/black vinyl/black vinyl. Odo: 45,841 miles. 383-ci V8, 4-bbl, auto. Newer rotisserie restoration, done better than new. Excellent body prep and paint. Wonderful door fit. Top has wrinkle issues from installation. Expert workmanship on fully restored interior, no appreciable wear. of repro raised white lettering on tires and some interior vinyl. Slight top soiling and wrinkling. Modern OEM replacement windshield. Optioned with cowl-induction hood, power steering, front discs and windows, center console, gauge package, AM/FM, tilt steering column and full-tinted glass. Cond: 1-. SOLD AT $275,600. Last seen at BarrettJackson’s 2006 Scottsdale sale, where it sold for $513,000 (SCM# 40324). Quite a dip since then, but still, this did better than most expected. #F102-1970 DODGE CHALLENGER convertible. S/N JH27G0B149301. Cream/white vinyl/tan leather. Odo: 5,737 miles. 340-ci V8, 4-bbl, 4-sp. State-of-the-art restoration over 12 years ago, with AACA Senior award-winner badges from 1999 and 2002. No sign of wear or use since, only light aging on seats and carpeting. Better-than- 76 Sports Car Market

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RM Auctions Monte Carlo, MCO RM Monaco The three top lots would have been right at home adding to the roar of the Grand Prix outside Company RM Auctions Date May 12, 2012 Location Monte Carlo, MCO Auctioneer Max Girardo Automotive lots sold/offered 170/195 Sales rate 87% Sales total $43,410,615 High sale 1957 Ferrari 625 TRC Spider, sold at $6,526,800 Buyer’s premium 1956 Porsche 356A Carrera GS coupe— $304,584 12%, included in sold prices ($1.00=€0.77) Report and photos by Jérôme Hardy Market opinions in italics A few years back, RM’s spring European sale was held in Maranello, Italy, hometown of Ferrari, and 100% of the consignments bore that name. The event location now alternates each year between Monaco, in conjunction with the Historical Grand Prix, and Italy’s Villa d’Este, with the Concorso d’Eleganza. While the Prancing Horse still dominates the top of the sales chart, it now shares catalog space with top-tier collectibles from other Italian marques — and from the rest of the car world. Of the 94 automobiles in the 2012 Monaco catalog (with a combined pre-sale mid-estimate of $54m), 23 were Ferraris (24% of consignments), for a total midestimate of $28m (52% of estimated totals). When Max Girardo rapped his hammer for the last time after the six-hour marathon — and after all the post-block details were finalized — 69 cars had new owners, for a combined $42m. Nineteen (28%) were Ferraris, and they accounted for $24m, or 57% of the total sale. Had the four other Ferraris sold at their high bids, that figure would have grown to 70%. Adding to the Italian totals, all 101 78 Monte Carlo, MCO of the motorcycle lots sold. The star of the show was the 1957 Ferrari 625 TRC Spider, the high sale at $6.5m. It was followed by a 1966 Ferrari 206 S Dino Spyder and a 1952 Ferrari 225 Sport Spyder “Tuboscocca,” both sold at $3.3m. All three would have been right at home adding to the roar of the Grand Prix outside. Alfa Romeo was the second-most-successful brand, with eight automo- biles offered and sold for a total of $4.8m. Here again, the high sales were racing weapons: a 1969 Tipo 33/3 sports racer sold for $1.6m, and a 1968 T33/2 “Daytona” sold for $1.3m. Sales Totals Third was Lancia, with six out of seven cars sold, for a combined $1.4m. The high sale was a 1955 Aurelia B24 Spider America, sold at $551k, followed by two racing cars, a 1976 Stratos, at $388k and a 1964 Flavia Zagato prototype, sold at $247k. Enzo Ferrari would have liked this event, as machines born in Italy represented $30m — 70% of total revenue — and most were racing cars from brands he was involved with. RM Auctions did a perfect job aligning their offerings with the owners and racers who were fighting on the Monaco streets outside, and all was suffused with a southern European flavor. ♦ $50m $40m $30m $20m $10m 0 Sports Car Market 2012 2011 2010 NO SALE

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RM Auctions Monte Carlo, MCO ENGLISH #312-1951 BRISTOL 401 coupe. S/N 401823. Eng. # 85C1639. Light blue/cream leather. RHD. Odo: 19,939 km. An expensive, big British coupe with an Alfa Romeo Touring look and German BMW-derived engine. Clear history in Switzerland. Complete, but in derelict condition after years of neglected storage. engine and mechanicals in 1991 at 40,000 miles; body, interior and brightwork in 2010 to highest level. Gorgeous deep red leather interior. Engine bay and undercarriage still very clean. One of 886 DB5s produced 1963–65. Cond: 1-. SOLD AT $406,112. Sold right in the middle of the $370k–$425k estimate. Price looked market-correct for a properly restored and well sorted DB5 in an attractive color combo. Bonhams sold a similar car in 2011 for $425,600 (SCM# 190084). #311-1965 JAGUAR XKE Series I con- vertible. S/N 1E10385. Red/black hard top/black leather. Odo: 38,632 km. Considered the best model: LHD Series I convertible with 4.2 and factory hard top. Completely unmolested original with certified 38,000 km on odo. A pure time capsule in very good condition. Just the opposite of Lot 314. Cond: 2-. Large dings in front end. Interior not salvageable. Nice Art Deco dash. One of 611 401s built 1948–53. Cond: 4. SOLD AT $39,886. An interesting and rare piece which will open doors to any upscale concours or rally after about $60k of restoration work. Fair deal. #314-1958 JAGUAR XK 150S roadster. S/N T831369DN. Red/cream leather. Odo: 40,941 miles. One of 1,466 roadsters built 1959–61. U.S.-delivered. Nut-and-bolt restored to high level very recently. Color changed to Resale Red over cream leather from original nicer blue over red. Engine upgraded to 3.8. Too bad gearbox not upgraded SOLD AT $130,536. Jaguar purists will love it, although it will require careful maintenance, being a 50-year-old original car. Despite time-capsule originality, it only sold at low estimate—possibly because there are still many unrestored E-types around? Bonhams sold a similarly original example in March at their 2012 Oxford sale for $130,376 (SCM# 197040), making this price look market-correct. BEST BUY with it. Non-original steering wheel, modern radio. A flashy XK tourer in perfect condition for the non-purist. Cond: 1-. SOLD AT $94,276. A market-correct sale. XKs are in fashion these days. This one will not impress Jaguar fans, but for sure will deliver miles with style. Gooding sold a similar red XK with 5-speed at their 2012 Amelia Island sale for $92,400 (SCM# 196931). #337-1965 ASTON MARTIN DB5 coupe. S/N 2207R. Eng. # 4002225. Silver/dark red leather. RHD. Odo: 48,893 miles. Nut-and-bolt restored in two phases: 1996. Today still presents as flawless with high build quality, low roofline and power to go. Cond: 1-. SOLD AT $54,390. I loved it. Gooding sold it this past January at their 2012 Scottsdale sale for $39,600 (SCM# 194281). (It was a $70k no-sale at Gooding’s 2006 Palm Beach sale, SCM# 40585.) A very cheap invitation to many events given its true rarity, exceptional condition and quite good looks. Well bought. 80 Sports Car Market #386-1967 TRIDENT CLIPPER V8 coupe. S/N H3271676GT. Red/black leather. Odo: 72,669 miles. TVR built on an Austin-Healey 3000 chassis. Add a Ford 289, a 4-speed Borg-Warner, a handsome fiberglass body, and you get a Trident Clipper. Sold new in the U.S. Rebuilt better than new in mid-’90s with Pebble Beach invitation in well. Interior cozy with simple wood dash. Small outside, large inside, little trunk in back. A nice if slow touring M-B. Cond: 2. SOLD AT $36,260. RM sold this car last September at their 2011 London sale for $32,200 (SCM# 191242). Either owner did not like it or there’s something I missed. Market-correct otherwise. #353-1936 MERCEDES-BENZ 540K Sport Cabriolet A. S/N 130945. Eng. # 130945. Black & purple/black cloth/black & red leather. Odo: 4,274 km. Lower, therefore more aggressive than a TOP 10 No. 3 #390-1996 BENTLEY AZURE Turbo convertible. S/N SCBZK15C9TCX53784. Black/red leather. Odo: 37,586 km. Sold new in Italy to Harley-Davidson importer. Turbo means 400 hp on tap. A little too flashy in black with red leather and chrome mags. Excellent condition but for driver’s bolster showing wear. One of 1,098 Azures built 1995–2002. Cond: 2+. SOLD AT $94,276. One of the rare cases in which convertibles are cheaper than coupes. There are many of these on the market, hence the affordable price. Well sold. GERMAN #352-1934 MERCEDES-BENZ 200 Sunshine limousine. S/N 107511. Red & black/gray cloth. Odo: 96,003 km. PostDepression small M-B. Gorgeous and fun in its two-tone lively livery and full cloth sunroof. Restored in 1980s and still showing very

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RM Auctions Monte Carlo, MCO Cabriolet A, with very long hood and seat nearly on rear axle. Gorgeous. History clear. Latest nut-and-bolt restoration in mid-’90s with money no object. Multiple awards since. A transition model between the Sport Roadster and Cabriolet A. Cond: 1-. SOLD AT $3,009,580. Previously sold by RM eight months ago at their Monterey 2011 sale for $2,970,000 (SCM# 183118). Previous owner did not enjoy it much, nor make much money on it. Market-correct price today for a true blue chip, but I would have kept it a few more years. It will bring a lot more than this down the road. #378-1956 PORSCHE 356A Speedster. S/N 82887. Eng. # 63980. Red/tan leather. Odo: 88,547 miles. Sold new in California and there all its life. Nut-and-bolt restoration by previous 27-year owner recently finished. Fitted with headlamp stone guards and non- #340-1973 BMW 3.0 CSL coupe. S/N 2275047. Silver/black cloth. Odo: 52,456 km. Said to be one of about 760 CSLs built in LHD 1971–75. An early model with 3,003-cc engine, 4-speed and without the “Batmobile” options. No history. Partial restoration with a good level of preservation. Rubber original, paint redone, mags refinished. Interior with but eligible for any event. Cond: 1-. SOLD AT $1,307,950. Let go well below the $1.5m low estimate. If the new owner can obtain Classiche certification, I will call it well bought. #319-1949 FERRARI 166 INTER original cloth-and-vinyl buckets. Dash cracked. Engine bay clean. A subtle, efficient racer. Cond: 3+. SOLD AT $68,894. Marketcorrect. This cool “sleeper” just looked like an old BMW with stickers. Silverstone sold a similar red one in RHD for $65,087 at their November 2011 Northamptonshire sale (SCM# 187902). ITALIAN #339-1931 ALFA ROMEO 6C 1750 period disc brakes. Cond: 1-. SOLD AT $224,812. Europeans love our American-only Speedsters, plus have a currency advantage as well. They paid more than this car would sell for in the USA, later disc brakes probably hurt the value a bit, so fair market value at this price. #328-1956 PORSCHE 356A Carrera GS coupe. S/N 56417. Eng. # 90863. Aquamarine Blue/red leather. Odo: 1,467 km. Equipped with very early, period-correct (but not original) 1,500-cc engine. Correct nut-and-bolt Italian restoration in 2005. Paint color seems too metallic. With desirable Rudge wheels. still presents as mint. One of 526 GTs built 1930–32. Cond: 1-. SOLD AT $435,120. An elegant pre-war touring Alfa. RM sold a supercharged 1930 6C 1750 in Monaco 2010 for a staggering $759,920 (SCM# 162407), and Bonhams sold a red supercharged ‘33 for $342,683 in 2008 (SCM# 119007). Given the originality and correctness of this example, I would call it a blue-chip investment. Engine bay and undercarriage show signs of use, so it is hopefully sorted out. Cond: 1-. SOLD AT $304,584. One of 541 GS and GT cars built 1956–59. Too nice for racing, but an important early Porsche, with few available on the market today. Gooding sold a ’62 Carrera for $203,500 in Scottsdale 2010 (SCM# 155341). This one looked like a fair deal today. 82 TOP 10 No. 7 #367-1948 FERRARI 166 INTER Spyder. S/N 0121. Red/cream leather. RHD. To summarize 10 pages of RM catalog copy: The ninth Ferrari built. Extensive early successful racing history led to multiple changes in chassis, coachwork and engine, not traceable. Now fully rebuilt over 10 years to its supposed 1950 MM specs with good-looking Fontana Spyder body. Just finished and never on the road since. Not yet validated by any official Ferrari body or club, Sports Car Market Gran Touring cabriolet. S/N 10914408. Eng. # 10914408. Two-tone green/beige cloth/lizard-patterned leather. RHD. Odo: 12,469 km. Very original and still wearing its original Castagna convertible coachwork. Highest level nut-and-bolt restoration in 2008 to original specifications. Many trophies since; Sotheby’s Maranello sale in 2005, which was crazy money (SCM# 38669). Today it missed the $525k low estimate by $75k. I honestly do not understand the low valuation of these cars. They are slow and not conventionally sexy, but as the very first road cars offered by Enzo, with a sophisticated V12 and Superleggera Touring coachwork, they are certainly significant historically. Similar 017S was sold at RM’s 2009 Maranello sale for $355,438 (SCM# 120570). #362-1952 FERRARI 225 SPORT Spyder. S/N 192ET. Eng. # 192ET. Red/tobacco leather. RHD. Odo: 33,163 km. Number six of 12 Sport Spyders built by Vignale in 1952 on 225 V12 Tuboscossa chassis along with seven Berlinettas. Fully documented. Raced all its TOP 10 No. 2 coupe. S/N 015S. Eng. # 015S. Dark red/tan leather. RHD. A beautiful example of one of the first road Ferraris—one of 37 Inters built 1948–51. Nut-and-bolt restored to current concours conditions in 2005. Clear history since new. Villa d’Este participant in 1949. Uneasy touring shape accommodates a driver’s tall hat. No odometer. Cond: 1-. NOT SOLD AT $453,250. A no-sale at $700,000 at

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RM Auctions Monte Carlo, MCO life all over the world by privateers in 15 different colors but with same body and engine. Today in close to mint condition and ready for show or gentle race. A good-looking, nimble, typical racing Ferrari of the era. Cond: 1-. SOLD AT $3,263,400. Sold strongly above high estimate. The crystal-clear history, good look and rarity of the little Ferrari overshadowed its lack of significant events participation. A similar 225 sold for $1,280,000 in 2006 by Christie’s (SCM# 42741). Blue chip. #366-1953 ALFA ROMEO 1900C Corto Gara Stradale coupe. S/N AR1900C01420. Eng. # 05416. Dark blue/dark blue leather & gray cloth. Odo: 152 km. Thought to be one of three Stradales by Touring built on a shorter version of the 1900 chassis. Sold new in Italy, always in Europe. Nut-and-bolt restoration just completed, presents as perfect. Details are money. The coachwork deserves it; the 1,800cc Fiat engine, I’m not so sure. Bonhams sold a far less attractive Daina coupe in 2007 for $147,370 (SCM# 117215). Fair deal here, at twice the mid-estimate. #391-1955 FERRARI 250 GT EUROPA Series II coupe. S/N 0391GT. Eng. # 0727GT. Grigio Fiat/black leather. Odo: 66,184 km. One of 34 250 Europas built 1954–55. Sold new in Italy to owner of Barilla Pasta. Fully restored to high levels and original specs in Italy in 1998. Still very clean 15 years later a mix of touring (bumpers, radio) and racing (5-speed with Nardi floorshift, plexi windows, minimum carpet). A very rare example of a gorgeous coupe with potent twin-cam engine, eligible for all rallies and concours. Cond: 1-. SOLD AT $311,836. About three times the price of a regular 1900C Sprint, and much more exclusive. A cheap alternative to an Ellena. Given the rarity and presence, well bought. #334-1953 SIATA DAINA coupe. S/N Sl0326C. Eng. # Sl0326. Off-white & gold/cream leather. Odo: 11 km. One of a handful Daina coupes built in early 1950s. Very rare. One European owner since new. Nut-and-bolt restored to highest level. Simple dash includes solid-state radio. Engine bay detailed. Never on the road. To me, the most despite participating in the Mille Miglia in 2010. Colombo engine not numbers-matching but correct type. Modern battery. Cond: 2+. SOLD AT $754,208. A beautiful early road Ferrari in attractive colors. Still worth more than a Boano or Ellena, even with the nonoriginal engine, and bought correctly at top estimate. Artcurial sold a Boano at Rétromobile 2012 for $628,361 (SCM# 192813). #345-1957 FERRARI 625 TRC Spider. S/N 0680MDTR. Red/brown leather. RHD. Number nine of 19 TRCs built in 1957. Clear history. Successfully raced in 4-cyl form in 1957–58 in California. Less exciting history in 1959–80 with Chevy block and lost engine. New classic life in 1985 after 250 V12 TR-spec engine TOP 10 No. 1 beautiful coupe of the auction. Cond: 1-. SOLD AT $224,812. World record price. Steve McQueen had one rebadged with Ferrari emblems. Now the car fetches Ferrari August 2012 fitted, followed by extensive historic racing career. Original 4-cyl 625 engine acquired recently and delivered with the car. Today in mint condition from a 30-year single ownership, ready for show or race. Cond: 1. SOLD AT $6,526,800. RM sold a 500 TRC at their Cernobbio sale in 2011 for $3.995m (SCM# 177933). Price paid for this example was 50% above the $4.8m high estimate, so having the original engine not in the car was apparently not an issue for bidders. The ultimate dream car for any Ferrari racing enthusiast. See profile on p. 48. 83

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RM Auctions Monte Carlo, MCO #329-1959 ALFA ROMEO 750 SS alloy “low nose” coupe. S/N AR1012000061. Eng. # AR0012000051. White/blue leather & cream cloth. Odo: 57,015 km. One of about 100 SS cars built 1957–58, and said to be one of about 10 with alloy body. Clear history, always in Italy. Documented, original-spec restoration I saw it at RM’s 2007 Maranello sale, where it sold for $193,050, 683 km ago (SCM# 45277). I recall reading that Scaglietti called these the best-looking road Ferraris, and I agree. Practical, too. A world-record price, 50% above mid-estimate and $100k more than it brought last time. The 250 GTE continues to appreciate, slowly but surely. TOP 10 No. 10 #330-1964 FERRARI 250 GT LUSSO coupe. S/N 5947GT. Eng. # 5947GT. Azzurro Metallizzato/black leather. Odo: 190 km. Sold new in Italy. History clear. Bare-metal, chassis-off, nut-andbolt restoration to highest level in 2010, back to its original light blue hue with black leather. Barely on the road since, if at all. Number 347 to high level. Classy color combo with great attention to detail. Cond: 1-. SOLD AT $195,804. A superb example of a beautiful classic Bertone, sold in the middle of the $180k–$230k pre-sale estimate range. Ready for any concours or rally. At twice the price of a regular steel body, call it a fair deal. #347-1960 ALFA ROMEO GIULIETTA SZ-1 coupe. S/N AR0012600051. Red/black vinyl. Odo: 8,110 km. Sold new in U.K. and never raced. As such, one of very few with original engine, down to the air filter. Nut-andbolt restored some years ago, barely on the ration to highest level in mid-2000 in original, never-lost specifications. Driven little since or not at all. Retains original radio. One of 100 produced 1966–68. Cond: 1-. SOLD AT $1,102,304. A Daytona price. This is new territory for the model. RM sold one at their 2010 Monaco sale for $702,726 (SCM# 160365). Leading the market. #342-1968 MASERATI GHIBLI coupe. S/N AN115518. Eng. # AN115518. Black/red leather. Odo: 19,774 km. Always in Italy. Restored to high level in the past. Some chrome defects, black paint concours-perfect. Interior sumptuous in all red leather with great attention to detail. Engine bay and undercar- of 350 produced 1962–64. Cond: 1-. SOLD AT $971,768. Previously sold at Bonhams’ 2006 Monaco sale for $286,875 in “well restored” but “not running” condition (SCM# 41912). The expense of restoration since then certainly cut into the profit margin, but I would have to call this a market-correct price, well above the $880k high estimate. road since. An efficient little race car, but too nice to race. One of about 170 SZ roundtails. Cond: 1-. SOLD AT $333,592. Expensive by the pound and all together, but an entry ticket to any serious rally. I feel that many of these little toys are currently fully priced. #322-1962 FERRARI 250 GTE 2+2 coupe. S/N 4093GT. Eng. # 4093GT. Silver/red. Odo: 38,583 km. Very late 250 GTE, just before the America. Total restoration to high levels in 2005. Still excellent all around. Nice color combo. Original radio. Engine bay spotless. Cond: 1-. SOLD AT $282,828. This looked newer today than when #379-1964 LANCIA SPORT Prototipo Zagato coupe. S/N 8155381001. Red/black cloth. Odo: 1,781 km. Ex-Works, one-off, preFlavia Zagato—lighter, lower, shorter entrant of the 1964 Targa Florio. Then raced by privateer. Restored to racing condition 20 years ago. Everything scruffy but functional. Ready riage clean. No a/c, which is bad for a black car. Cond: 1-. SOLD AT $152,292. Sold 50% above the $100k mid-estimate. Probably a world record for a coupe, but now that Ferrari 250 GTEs are fetching $250k any day, $150k for a Ghibli sounds OK to me. I predict a few more Ghiblis getting restored soon. TOP 10 No. 5 #373-1969 ALFA ROMEO TIPO 33/3 racer. S/N 10580023. Red/black racing bucket. RHD. History as clear as possible. An Autodelta ex-Works car, but not sure exactly which grids it was on. Restored carefully to preserve originality and ready to go. Cond: 2. SOLD AT $1,595,440. to race. Cond: 3. SOLD AT $246,568. A unique piece of Lancia racing history. A real thing if somewhat visually challenged. This would be the ticket to any racing event, if probably not very competitive. (Otherwise Lancia would have used it more.) No comps, but price paid certainly seemed like a fair deal. TOP 10 No. 9 #343-1968 FERRARI 330 GTS convertible. S/N 11071. Eng. # 11217. Blue Acapulco/black cloth/black leather. Odo: 72,424 km. Sold new in Belgium before moving to U.S. Documented total reto- 84 Difficult to price with no official record of entries, and the excellent originality means you can’t take it to the track without risking the value. Remains a museum piece, but again without documentation of racing details. That Sports Car Market

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RM Auctions Monte Carlo, MCO it went 50% over its $1m high estimate pleased me. #356-1971 FERRARI 365 GTB/4 Daytona coupe. S/N 14339. Gunmetal/black & red leather. Odo: 10,350 km. One of 1,273 ultimate front-engined supercars produced 1968–73. Sold new in Italy wearing Marrone Colorado paint with beige leather interior. Restored to concours condition in mid-’90s in Espada in 2+2 configuration. Looks gorgeous in white. Sold new in Switzerland. Documented four-year, $150k-plus restoration. Better than new, with sumptuous red leather interior with deep wool carpet. Flawless. Engine bay detailed with impressive ramp of six Webers. A very rare road Lambo, just 327 built. Cond: 1-. SOLD AT $101,528. Price paid was triple the average Jarama, and deservedly so. Still, previous owner lost money here, so I don’t expect we’ll see another like it soon. Too bad. #332-1976 LANCIA STRATOS Stradale coupe. S/N 829AR0001611. Eng. # 001142. Blue/gold cloth. Odo: 43,659 km. Clear history, always in Austria, restored recently and probably better than it was originally built. All-original with certified 43k on the odo. Interior looks mint except carpet is a little current attractive color combo. Still presents as mint inside, out and underneath. With a/c. Includes both Borranis and original Cromodoras. Recently mechanically serviced. Cond: 1-. SOLD AT $326,340. Daytona coupes have been in the $300k range for a few years now. Market-correct for an immaculate example. TOP 10 No. 8 #321-1971 FERRARI 365 GTS/4 Daytona Spyder. S/N 14415. Eng. # B1242. Black/tan & black leather. Odo: 11,970 km. Reportedly one of 18 LHD European-spec Daytonas. Sold new in Italy, thoroughly enjoyed and repainted multiple times. Restored to current concours condition in black in mid-’90s. Multiple awards. Sold very clean condition. Unique, dramatic design, 4wd, 300 hp. Two owners from new. Cond: 1-. SOLD AT $116,032. Sold for $75,000 when new, which was four times the price of the Lancia it was based on. Still expensive today. If you like this design, you can buy an Alfa SZ and an RZ for this price. Market-correct, considering originality. #381-2001 FERRARI 550 BARCHETTA convertible. S/N 124030. Silver/blue leather. Odo: 13,399 km. In Monaco all its life. Condition as-new, with quite a few options. Belt changed at 12,056 km. One of 448 built 2000–01. A true roadster—be advised that the worn. Tripmaster fitted. One of 495 Stratos Stradales built total. Cond: 1-. SOLD AT $387,982. The Stratos is a historically significant car, remaining competitive for six years. Very few remain in such well preserved condition. Sale price right at the $390k high estimate was expensive, but deservedly so. #325-1984 FERRARI 512 BBI coupe. S/N ZFFJA09b000049801. White/red & white leather. Odo: 20,738 miles. One of 1,007 built 1981–84. Sold new in the U.S. Reportedly never restored and looks in mint condition with 20,000 miles on the odo. White-over-red livery is original and attractive. Fitted with a/c and retaining original audio system. Engine soft top is not recommended at speeds above 70 mph. Cond: 1-. SOLD AT $166,796. Market-correct on the money. RM sold a red one right here at Monaco 2011 for $167,182 (SCM# 162402). with both Borrani wires and Cromodoras. Presents as mint. Cond: 1-. SOLD AT $1,305,360. Since my first encounter with 14415, when it was sold by RM in Maranello 2008 for $1,489,469 (SCM# 116730), 6,000 km were added. It is nice to see such a beautiful car actually get used. I hope the new owner will do the same. Market-correct. #317-1971 LAMBORGHINI JARAMA 400GT 2+2 coupe. S/N 10034. Eng. # 40345. White/red leather. Odo: 1,469 km. A shortened #385-2006 FERRARI FXX EVOLUZIONE coupe. S/N 145766. Black/black cloth. An Enzo FXX on steroids, very black and scary. A true race car for the gentleman driver of the new millennium. Normally raced only through the Ferrari TOP 10 No. 4 better quality than a kit car. Bought new in U.K., restored in 2004 in Italy to current bay and undercarriage very clean. Belts recently changed. Cond: 1-. SOLD AT $97,177. When are these beauties going to increase in value? Gorgeous looks, efficient, fast, somewhat reliable, and in the $100k range for years now, regardless of condition. This example was fully original and fully cheap by my estimation, but a market-correct sale. #361-1995 LANCIA HYENA coupe. S/N ZLA831AB000552454. Black/black leather. Odo: 14,428 km. The Lancia version of the Alfa Romeo SZ—one of only 24 built 1992– 95 under Dutch privateer initiative. Still, much 86 FXX program. One owner, always kept in Corse Clienti dept. One of 30 built in 2006. Cond: 1-. SOLD AT $1,733,228. 860 hp for 2,500 lbs. Too fast for most of us, I’m afraid. Gooding sold one at their 2011 Scottsdale sale for $2,090,000 (SCM# 168689), making this look like a fair deal. © Sports Car Market

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RM Auctions Monte Carlo, MCO Saltarelli Collection Company: RM Auctions Location: Monte Carlo, MCO Date: May 11, 2012 Auctioneer: Max Girardo Lots sold/offered: 101/101 Sales rate: 100% Sales total: $1,702,498 High sale: 2010 Ducati Desmosedici GP10 CS1, sold at $325,727 Buyer’s premium: 12%, included in sold prices ($1.00 = €0.77) ITALIAN #125-1947 DUCATI CUCCIOLO 48 motorized bicycle. S/N N/A. Red/black. Cute older restoration; Cucciolo means “little pup.” Frame is probably later than 1947. Heavily accessorized with headlight, taillight and luggage rack. Chrome on tank is exceptional, fair on rims. No serial number on these. Cond: 2-. SOLD AT $6,439. This represented the hum- Red & bronze/black. Odo: 24,215 km. A very original example with excellent chrome and a fantastic paint job. Nice alloy rims and proper tank badges. A bit overdone, but then, Ducatis often lacked in fit and finish. Cond: 1-. SOLD AT $9,091. The Elite was one of Ducati’s first serious sport bikes in the 1950s. I had one years ago. Even with the excellent presentation, this was well under market by U.S. standards. I’ve seen these go for $10k-plus. Well bought. #169-1962 DUCATI 48SL CACCIA- TORE motorcycle. S/N DM48SL0041. Eng. # DM700406. Red & silver/black. Odo: 29,658 km. Seat is ripped or distressed from age. Paint is worn away from knee contact. Chrome beginning to deteriorate. Cad plating ble beginnings of Ducati. Just like Honda in Japan, they went for the niche market of vehicles that would deliver over 150 mpg. The Cucciolos were good for 180. Every Ducati collector wants one of these to “round out” their collection, and this one went right through reserve. Well sold. 1972 Ducati Imola Corsa replica — $90,909 Report and photos by Somer Hooker Market opinions in italics Carlos Saltarelli had a long relationship with Ducati, working as an employee, a rider, and finally as a dealer. He brought more than 100 bikes to this sale, ranging from 48-cc mopeds to 1,000-cc fire-breathing monster race bikes, and Ducati used the opportunity to offer a few of their late-model GP bikes from the 2010 and 2011 season. Bidders from all over the world came to attend what was possibly the biggest single-marque motorcycle auction in history. seat. Cond: 1-. SOLD AT $4,924. When I see these bikes, I think, “Is this how they see us?” They look to me like a Schwinn beach cruiser, but then again, Americans did prefer high bars and snazzy seats. No way you could have restored it for this, and they’re pretty rare. Well bought. #117-1959 DUCATI 200 ELITE motorcycle. S/N DM200E154587. Eng. # 153494. they are not in lock step with patina of rest of bike. Cond: 4+. SOLD AT $3,409. The cosmetic deterioration was fascinating here, with the metallic basecoat slowly being exposed and the lifting chrome. All the sheet metal was good, though. This would be a great pit bike or Moto-Giro bike. Well bought. #189-1965 DUCATI 50 Sport motor- cycle. S/N DM48E 02704. Blue & silver/black. In exceptional condition. With good chrome, correct shades and OEM clip-on handlebars. Rubber C.E.V plug in headlight hole and speedometer hole. Cond: 2+. SOLD AT $4,545. Nice little clip-ons, so some school 88 Sports Car Market #184-1958 DUCATI 175 AMERICANO motorcycle. S/N DM02855. Eng. # DM02872. Blue & silver/black. Odo: 36,279 km. Excellent condition. Chrome and paint better than factory. Paint very good and deep. Fitted with unique Americano high bars and going soft on hardware. No dents or scrapes. Small fan ensures adequate air on engine. Cond: 4+. SOLD AT $1,515. This has to be record mileage for one of these, and the patina showed it. Well bought, way under the $2,500– $3,500 estimate. #157-1964 DUCATI 125 TS motorcycle. S/N DM125651153. Eng. # DM125651124. Ruby Red/black. Odo: 2,372 km. Paint missing from top of tank. Basecoat coming through on the tops of toolboxes. Rims heavily rusted with large patches of metal exposed. Seat looks good. Bars may have been replaced, as

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RM Auctions Monte Carlo, MCO This had the most desirable single motor that Ducati ever made, plus the fit and finish were excellent. Very well bought. #111-1967 DUCATI 125 SPORT motor- cycle. S/N DM207310. Blue & bronze/black. Odo: 11,987 km. Nice patina. Evenly faded paint, headlight and top of tank flaking badly, chrome deteriorating. Seat showing some dis- boy can picture himself flat-out at Imola. Technically, this would have been classified as a moped. (But I think they are becoming office art now.) I’ve seen these sell for pretty much the same price elsewhere. Market-correct. #198-1966 DUCATI 50 Sport SL1 mo- torcycle. S/N DM48SL452342. Eng. # DM323995. Red & silver/black. Cool little bike with nice Italian styling. One of the last of the 50s made by Ducati. Good paint. Engine case has some damage, rims are incorrect, noticeable flat spot on rear of exhaust tress at seams in places. Good alloy rims. Cond: 4-. SOLD AT $4,545. These have all the desirable Ducati traits and are desirable for Moto-Giro events. I thought this would do double the sale price. Well bought. #109-1970 DUCATI 350 DESMO motor- cycle. S/N DM350S354299. Eng. # DM35012416. Yellow & black/black. Odo: 7,509 km. Nice restoration. They got the shade of schoolbus orange down. Proper exhaust for the year. Big drum in front and a real desmo head. than 1971. A good 15-footer, but many flawed details. Cond: 2-. SOLD AT $49,242. There was a lot of buzz about this bike, but regardless of discrepancies, two people wanted it badly. As the bidding went up, jaws went down. Very well sold, at nearly triple the $15k–$19k pre-sale estimate. #191-1972 DUCATI IMOLA CORSA pipe. Looks like George Jetson’s bike. Cond: 2+. SOLD AT $13,636. In spite of its flaws, this had a lot going for it. It was one of the last bikes of the sale and seemed to get a bump from the “I’ve gotta take something home” crowd. Two determined bidders pushed it to triple the high estimate. Well sold. BEST BUY #150-1966 DUCATI 250 DIANA motorcycle. S/N DM25080910. Eng. # DM25080830. Black & white/black. Odo: 28,118 km. Called a “Diana” here, but in England it would be a Daytona. In the U.S. it would be a Diana, too, but with different tool boxes. I’ve never seen one with a solo seat and rack, but that may have been a home-market replica motorcycle. S/N DMSS751064. Metalflake silver/black. In very good shape. Overstamping apparent on frame numbers. Engine cases are sandcast but have another set of numbers stamped in, too. Not uncommon on race bikes, which lead tortured lives and Fitted with proper square-body Dell Orto carb. Cond: 1-. SOLD AT $16,667. I’m not used to this kind of money for singles, but this hit about where they thought it would, just over the $16k high estimate. When you say “desmo” (as in “desmodromic valve actuation”) some people’s knees get weak. #183-1970 DUCATI 450 DESMO Corsa motorcycle. S/N DM450546078. Eng. # DM450 456661. White & red/black. Typical retired race bike, assembled for function, not beauty. Fiberglass tanks with hastily stenciled name on side. Usual scrapes from “battle” as often get transplants from whatever is available. One of the stars of the show. Cond: 3-. SOLD AT $90,909. The high-dollar bike for the collection. Because of a small batch of these in a race in early 1972, Ducati was hurled into the modern world of motorcycling. This had the right stuff on it, but it was more like a tribute or replica bike. Well sold. #177-1973 DUCATI 350 SCRAMBLER thing. Bike looks very fresh. Cond: 2+. SOLD AT $1,515. I don’t know what happened here. 90 motorcycle. S/N DM350S356845. Eng. # DM35022120. Orange & black/black. Odo: 15,112 km. Very well preserved specimen. Rubber gaiters intact all the way around, as well as the rare-to-survive Ducati embossed pouch on the side. Excellent paint and seat Sports Car Market well as from rattling around in a van. Gigantic carb. Diecast cases rather than sandcast. Fitted with large Grimeca brake that would look right at home on a 750. Cond: 4+. SOLD AT $37,879. This had all of the right stuff and documentation from NCR on the engine build. Well bought for a documented Works bike. #192-1971 DUCATI 750GT motorcycle. S/N DM750S751390. Eng. # 750738. Metalflake orange/black. Odo: 11,000 km. Fiberglass tank and early Amal concentrics, as was common then. Nice set of Conti mufflers. Frame and motor number appear to be later

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RM Auctions Monte Carlo, MCO #148-1975 DUCATI 750 SS motorcycle. S/N DM750SS075800. Eng. # DM7501075173. Silver & blue/black. Odo: 32,308 km. Very, very original—the type of bike you want pictures of when you are doing a restoration. Some fiberglass cracking, numerous small dents in the Conti mufflers, some scraping on side cover, but all in all, a nice patina. Cond: 3+. SOLD AT $5,303. A nice used bike. Not many S2s were made. Very similar to the later Hailwood Replicas. The lack of sparkplug leads must have scared some people, as it went way under estimate. Well bought. #126-1979 DUCATI 900 SD Darmah motorcycle. S/N DM860SS903677. Eng. # DM860903148. Black & gold/black. Odo: 12,745 km. More wear than expected for the indicated mileage. Paint is worn where key rubbed on dash. Big in-line fuel filter stands cover. Cond: 1-. SOLD AT $12,121. A new high for Scramblers. Most were exports to the States, so local rarity may have been a factor here. Well sold. #128-1974 DUCATI 750 SS CORSA mo- torcycle. S/N DM750SS075157. Red & white/black. Good example of a period racer of the era. Fitted with Imola-style tank, Super Sport seat, factory high pipes and Lockheed calipers all the way around for the disc brakes. Lot of documented wins. Red and white seem to have been the shop colors. Alloy rims, front Cond: 2-. SOLD AT $41,667. One of the most original bikes of the lot, and the price reflected it. There were probably only 250 of these built in ’75. Well sold. #165-1977 DUCATI 900 S2 motorcycle. S/N DM860SS 051839. Eng. # DM860903803. Silver/black. Odo: 14,748 km. Alloriginal with the usual cosmetic issues for an old Italian bike. Both OEM Silentium mufflers dinged from use. Chrome has lost some of its luster. Upgraded rear shocks. Cast-iron rotors are doing just what cast-iron rotors do when out. Dull chrome on mufflers. Case covers would respond to a good polishing. Aftermarket rear shocks fitted. Cond: 3. SOLD AT $6,061. Like a tamed 900 SS, with desmo heads and electric starters. This was a decent original example that sold about on the money. #155-1983 DUCATI 900 MHR motor- and rear. Cond: 3. SOLD AT $42,424. While called an “SS,” it wouldn’t be considered a true SS by today’s standards. Allegedly it was one of the homologation frames but restamped. The crankcases were from an early GT. None of this means anything to you when you are trying to go racing. It means a lot when you are trying to sell. Bike was well sold, probably on its track record. cycle. S/N DM900R 905218. Eng. # DM860 908092. Red & green/black. Odo: 23,318 km. Nice overall condition. Good original paint. This is the later version with the side covers over the carbs and battery. Fitted with aftermarket mirrors and the less desirable not used: i.e., rusting. Hole in dash where ignition should be. Spark-plug leads missing. Silentium mufflers, showing dulling and dings. Missing a few fairing attachment bolts. Cond: 2+. SOLD AT $12,121. Demand for Mike Hailwood Replicas comes and goes. This sold on the lower end of the correct spectrum, so I’d have to say well bought. © 92 Sports Car Market

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Coys Monte Carlo, MCO Legend et Passion Monaco Auction The big surprise was the astonishing $101k needed to acquire a 1990 BMW M3 Evolution Sport Company Coys Date May 12, 2012 Location Monte Carlo, MCO Auctioneer Marie-Thérèse EscautMarquet Automotive lots sold/offered 32/69 Sales rate 46% Sales total $6,154,239 High sale 1936 Rolls-Royce Phantom III DHC, sold at $1,482,065 Buyer’s premium 1990 BMW M3 Evolution Sport coupe — $100,967 Report and photos by Jérôme Hardy Market opinions in italics T he unofficial — but very real — theme of Coys’ 2012 Monaco auction was good variety and good quality. Most of the cars were fault- lessly restored or nicely preserved, and the right bidders seemed to be here — and ready to pay up. The high sale was a fantastically restored 1936 Rolls-Royce Phantom III DHC, that sold for $1.5m, twice its mid-estimate, and what I believe is a world record for a Phantom III. 15% up to $50,000, 10% thereafter, included in sold prices ($1.00=€0.77) At the younger end of the spectrum was the evocation of the 1964 AstonMartin DB4 Zagato by U.K. firm Evanta, based on a circa-2000 Aston Martin DB7 V12 platform. It was as-new and at $185k, a beautiful way to travel fast and in comfort. In between was a 1954 Mercedes-Benz 300SL Gullwing, sold for a mar- Monte Carlo, MCO ket-correct $873k. It was neither fully original, nor a nut-and-bolt chassis-off restoration, but it was correct in every way, and in an attractive, classic silver/ red combo. My favorite car here reminded me of my first classic when I was 17. The buyer paid a most reasonable $18k for a very well-maintained and restored 1974 Lancia Fulvia 1.3S in red with the thenfashionable matte black hood. The big surprise was the astonishing $101k needed to acquire a 1990 BMW M3 Evolution Sport. While the layman will only ever see a black econobox, the true connoisseur will appreciate the high-revving 2.3-liter 4-cylinder, good for 235 horsepower. Indeed, you would need a few of those connoisseurs in the room to drive the price to seven times its high estimate. Coys’ total revenue was just north of $6m, 1957 Lancia Aurelia B24 convertible — $254,997 94 and while only 46% of its cars sold, it still achieved average price per car of about $192k. But this is what to expect with good cars in a great venue. ♦ Sales Totals $50m $40m $30m $20m $10m 0 Sports Car Market 2012 2011 2010 NO SALE

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Coys Monte Carlo, MCO ENGLISH TOP 10 No. 6 #151-1936 ROLLS-ROYCE PHANTOM III drophead coupe. S/N 3AZ158. Black/tan leather. RHD. Odo: 67,626 miles. The second early DHC built by Gurney Nutting on PIII chassis, and the only one remaining. Sold new to Earl of Rosebery. Always in noted collection since 1980s. Not sporty-looking, but definitely a presence with its high and somewhat short hood, imposing very close to a DB5 with some discount and represents good value. Market-correct. #141-2004 ASTON MARTIN DB4GT Zagato replica coupe. S/N SCFAB123YK300792. Silver/red leather. RHD. A re-creation based on a 1994–2004 DB7 V12 chassis. Looks really good and executed probably as well with reinforced DB7 chassis. 66 of 1,001 drophead coupes built 1949–51. Cond: 2-. SOLD AT $90,823. A post-war car with a pre-war design, slightly underpowered even in 3.5-liter form, but one of the cheapest classy touring convertibles you can buy. Market-correct. three-position top and huge trunk. Nut-andbolt body-off restoration in 2006 to highest level awarded Best of Show at Essen in 2007. Still nothing to fault. Cond: 1. SOLD AT $1,482,065. Gurney Nutting’s famous sweeping lines usually are better rendered on sportier designs in my opinion, but this was the high sale of the event, at twice the $700k low estimate, and a world record for a PIII at auction. Well sold. #142-1937 BENTLEY 4¼ LITRE coupe S/N B45HM. Silver & light green/light brown leather. RHD. Odo: 35,731 miles. One of a handful of sleek coupes by Gurney Nutting in the Delage Aerosport style with sunroof and Art Deco rear treatment. Delivered new in dark-red. Great attention to details. Nice engine bay. Correct in every aspect. Nothing to fault. Cond: 1-. SOLD AT $134,299. A world record for a 140? XKs are hot, and this was a perfect example. More and more are coming to the market. Well sold. #129-1963 ASTON MARTIN DB4 Series England, restored many years ago, now aging with polished-too-many-times paint swirls. Interior shows patina and faded wood. Brightwork still excellent. Cond: 2. SOLD AT $293,712. Expensive for a 4¼ Bentley, but this has a lot of presence. Sold above the $275k high estimate and deservedly so. Marketcorrect. #126-1950 JAGUAR MK V 2+2 convert- ible. S/N 647066. Black & green/light green leather. Odo: 6,824 miles. Sold new in U.S. Older restoration of average quality. Paint and chrome hazed in places. Interior recently redone, veneer very good. Three-position soft top fit is perfect. Engine bay of a driver. A decent tourer, but concours no longer. Number 96 V Vantage 2+2 coupe. S/N DB41153R. California Sage/cream leather. RHD. Odo: 12,759 miles. An honest example in attractive colors. Covered headlights, Vantage specs. Partially restored 1987–91 for $50,000. Paint, brightwork and wheels still concours. Interior thing. Today, a perfect replica. Cond: 1-. NOT SOLD AT $185,000. At the high offer, it was reportedly one bid away from selling. Coys is currently asking $285k, including taxes and commission, which is pretty much the purchase price of a new 2012 Type 35B Pur Sang. Fair offer for a worthwhile replica. GERMAN mostly original with nice patina, but front seat has been redone. Period radio. Engine bay of a driver. Cond: 2-. SOLD AT $308,204. This is #148-1954 MERCEDES-BENZ 300SL Gullwing coupe. S/N 1980405400034. Silver/red leather. Odo: 44,871 km. Number 34 of 1,371 produced 1954–57. Delivered new in Sweden, history clear, always in Europe and owned by M-B club members or pros, including Hans Kleissl of HK Engineering. Always BEST BUY Sports Car Market #125-1954 JAGUAR XK 140 roadster. S/N 81005. Silver/dark red leather. Odo: 78,051 miles. Delivered new in the U.S. Reportedly the 55th roadster produced. With last owner since 1975. Nut-and-bolt restoration to highest level in attractive silver-over- Condition as-new. Cond: 1-. SOLD AT $185,022. Sold for about four times the price of the underlying DB7 V12. For that money, you can buy one of the 99 Aston Zagatos built in 2002, but they do not mimic the DB4GT. Well, if you want the modern V12 and the DB4GT look, this is the price to pay. FRENCH #152-1927 BUGATTI TYPE 35B Pur Sang replica racer. S/N 4711. French Blue/black leather. RHD. Odo: 10,000 km. Faithful re-creation by Argentina firm Pur Sang. Sold new in France. Racer owner retuned it to make it even closer to the real

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Coys Monte Carlo, MCO or spend four times as much for Lot 120, the 1957 Lancia Aurelia B24. Still a bargain. Hurry while they last. #134-1966 FERRARI 330 GT 2+2 coupe. S/N 8421. Silver/red leather. Odo: 7,798 km. Sold new in France. Restored over time by successive owners. Original rubber. Panel fit and paint good. Borranis scratched in places. Complete new red interior. Electric windows, a/c, no original radio. Engine bay with rust spots. With single headlamps and 5-speed. Cond: 2. SOLD AT $127,053. A good-looking maintained or restored to highest levels, but the body is said to have never left the chassis. With previous owner since 1998. No Rudge wheels, or luggage, but otherwise concours everywhere. Mechanicals all redone in 2012. Cond: 1. SOLD AT $873,396. There seems to be one at every high-dollar auction. As these are now breaking the $1m mark, this was a great deal. #109-1959 MERCEDES-BENZ 220S 2+2 convertible. S/N 9500435. Black/red leather. Odo: 95,378 km. The last ponton M-B. Very modern with injection, independent suspension and more. German build quality with excellent materials and leather everywhere. Nut-and-bolt restoration at some point in Germany, still looking excellent in this livery. these cars still around in good condition, and at this price, we will probably see them soon. Very well sold. ITALIAN #120-1957 LANCIA AURELIA B24 con- vertible. S/N B24S1333. Gray metallic/black cloth/red leather. Odo: 11,058 km. One of about 520 convertibles built, and not to be mistaken with much rarer Spider, many of which went down with the Andrea Doria. Sold new in the U.S. Nut-and-bolt restored in driver in discreet colors. Not as visually attractive as the earlier 250 GT 2+2, but a better tourer. With 250 GTEs now consistently in the $200k range, these look like bargains. Not yet expensive enough to justify highest-level nut-and-bolt restoration. This one was a nice driver to be enjoyed. Market correct. #132-1970 LAMBORGHINI ESPADA Series II coupe. S/N 7566. Red orange/black leather. Odo: 47,482 miles. One of 1,223 built 1968–78. History unknown. Euro-spec. Never restored. Average respray, chrome redone. Mags with heavy coat and whitewalls. Interior shows patina. Dash and gauge very good. Nice wood steering wheel. Why is there oil on the Germany to highest levels in early 1990s. Still a perfect trailer queen. Nardi kit. Cond: 1-. SOLD AT $254,997. Half the price of a Spider America. Gooding recently sold one at their 2012 Scottsdale sale for an astonishing $560k, but that seems like an anomaly (SCM# 191519). Market-correct for this one today. #154-1964 ALFA ROMEO 2600 Spider. With Becker radio. One of 3,290 220S cabriolets built 1956–59. Cond: 1-. SOLD AT $112,561. Well bought for a concours car, as these are very expensive to restore to this level (although I do feel these cars are visually heavy-looking). Gooding sold one at Scottsdale 2012 in lesser condition for $92,400 (SCM# 191512). #165-1990 BMW M3 Evolution Sport coupe. S/N AC79399. Black/black leather. Odo: 22,134 km. One of only 600 M3 Evolution Sports built. Sold new in Monaco and only 22,134 km on the odo. Apparently not used on the track, as the car is still close to new. This is the first M3, and maybe the best of them all. Nimble, with F2 engine. A unique opportunity for the BMW enthusiast. Cond: 1-. SOLD AT $100,967. Sold for seven times the $17,500 low estimate, which was indeed low. Still, there are probably quite a few of 98 S/N AR852031. Red/black cloth/black leather. Odo: 4,877 km. One of 2,255 Spiders built by Touring 1962–65. Restored to high standard through different projects: mechanicals in the 1990s, interior in the 2000s, body in 2011. Never used in between. Very clean, in and out. driver’s mat? A risky adventure. Cond: 3. SOLD AT $73,278. I have not yet seen a nutand-bolt-restored Espada (such as the Jarama at RM auction Lot 317). Value languishes in the $50k range, making a full restoration impossible. This one was well sold for condition. #166-1972 FERRARI 365 GT4 2+2 Engine bay very clean. Cond: 2+. SOLD AT $68,698. Perfect example of an unloved Alfa open grand tourer. You could buy this for $68k coupe. S/N F101AL17139. Silver/brown leather. Odo: 94,724 km. The nicest 365/4 I have ever seen. Three owners and certified 94,000 km on odo. Sold new in Switzerland. I believe the body has been restored while interior is original and very nice. With a/c. Engine bay and undercarriage very clean. Carbs reportedly redone recently. One of 470 built 1972–76. Cond: 2+. SOLD AT $53,432. Highest price I’ve seen for a 365 GT4, and Sports Car Market

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Glovebox Notes 2012 Jaguar XKR convertible Coys Monte Carlo, MCO A brief look at cars of interest that have passed through the SCM garage. HHHHH is best. New mouse fur on dash. Original leather tired. Engine bay of driver with what appears to be a bird or rat nest in plug hole #6. Engine has probably not run for years. Cond: 3-. SOLD AT $56,485. In perfect condition these aren’t worth even $100k, so at the price paid, you won’t be able to get this back on the road without going underwater, especially with all the Citroën hydraulic stuff. Furthermore, unlikely to increase in the foreseeable future, as the Ghibli has to rise first. Very well sold. Price as tested: $116,125; 5.0-liter 510-hp V8 engine; rear-wheel drive; 6-speed automatic transmission; JaguarDrive Control with Winter and Dynamic modes. Likes: Tremendous poise and power (520 hp and 461 lbs-ft). The XKR is a remarkable meld of sports car and grand tourer with impressive response and precise control. A dream on a coastal highway. Absolutely gorgeous Italian Racing Red paint. Quick operation of convertible roof (18 seconds). Dynamic mode’s exhaust note sounds fantastic. 525-watt Bowers and Wilkins audio system can easily be heard with top down at 55 mph. The cabin’s fit and finish is top-notch. Dislikes: Seating — the front seats are uncomfortable for three-hour-plus drives, and the back seats are impractical. The space would be better served if the car was strictly a twoseater and the difference was used as trunk space. $450 option for red-painted brake calipers! The touchscreen is a bit slow to respond, and distracting while driving. Fun to drive: HHHH Fun to look at: HHHH½ Overall experience: HHHH Verdict: “Proof that pavement-peeling performance can also be luxurious” is Jaguar’s XKR tagline. Effortless to drive when you want to cruise, and engaging when you want it. It isn’t a big deal to jump in the car during a Northwest downpour or an 85-degree day. But for a $116k car that isn’t a race car, that should be a given. The supercharged 5.0-liter V8 is truly a beast; credit Jaguar’s engineers — they managed to get decent fuel economy from it. Jaguar put together a package that is competitive in two out three areas — pricing, performance and styling — with each of their rivals. Impressive considering the rivals are Porsche’s 911, BMW 6 series, Aston Martin’s DB9 and the Mercedes-Benz SL-class. — Chad Tyson including belt. New tires. Engine bay as-new. One of 2,261 built 1991–94. Cond: 1-. SOLD AT $95,171. Sold where it should. These are not rare but run about 35% more expensive than a regular TR. Many on the market. Fair deal. © deservedly so. To take three friends in style and comfort, I’d choose this over an Espada, plus you get the Daytona engine for one-sixth the price. Fair deal. #133-1974 LANCIA FULVIA 1.3 2+2 coupe. S/N 056023. Red & black/black vinyl. Odo: 71,031 km. One of last Fulvia 1.3 S cars with the white gauges. Older restoration to high level. Still very good except the Cromadoras that were badly prepped before #143-1983 FERRARI 512 BBI coupe. S/N ZFFJA09B000041825. Red/beige leather. Odo: 27,906 km. One of 1,007 produced 1982–84. Derelict condition. Numerous missing parts. Interior smells rotten. Dash cracked. BBS wheels. Owner says the engine has been running. Cond: 4. SOLD AT $68,698. This painting. Interior very clean and original except for the Momo steering wheel. Engine bay very clean with non-original head painted red. Cond: 2. SOLD AT $18,319. Well bought and sold. These are slowly becoming collectible, with the 1.6 HF a class-winner in historic rallying. A good unrestored driver will go for $8,000. #168-1982 MASERATI KHAMSIN 2+2 coupe. S/N AM120429. Light blue/cream leather. Odo: 15,638 miles. Sold new in U.S. Only 15k on odo, meaning little used (and little maintained). Quickly put back together some time ago with orange peel in new paint over bad prep. Mags OK. Smells bad inside. was an on-the-edge deal. Dealer: The nicest restored BBi will sell for $130k currently, so you may be able to get this one back together with a $60k injection. Enthusiast: If the mechanicals are good, a lot of eBay and elbow grease could get this one decent for $80k. Still, better find a better one for that price. #108-1993 FERRARI 512 TR coupe. S/N ZFFLA40S000096092. Red/tan leather. Odo: 29,443 km. One-owner car sold new in Switzerland. Presents as new, despite 29,000 km driven. 30,000-km service just completed, 100 Sports Car Market

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Dragone Westport, CT Dragone Classic Car Auction Consignments included the ex-Seinfeld Pre-A Speedster, and a 1931 Duesenberg J Murphy Beverly Sedan — sold at $1.375m Company Dragone Auctions Date May 19, 2012 Location Westport, CT Auctioneer Christine Downing Automotive lots sold/offered 38/46 Sales rate 83% Sales total $5,080,725 High sale 1931 Duesenberg Murphy Beverly Sedan, sold at $1,375,000 Buyer’s premium 10%, included in sold prices 1967 Aston Martin DB6 coupe — $247,500 Report and photos by John Lyons Market opinions in italics S elling a vintage car at auction in Connecticut was effectively impossible until 2005, due to the complexities of state law. In the spring of that year, a minor change in wording made it legal for auction companies to sell cars as long they were 25 years old or older, and Bonhams and Christies soon established several successful auctions in the state at multiple sites. Westport, CT Now, one of the oldest and most respected vintage car franchises in the hobby has entered the fray. Manny and George Dragone are secondgeneration collectors who own a restoration shop that has produced several Pebble Beach Best in Class and Best in Show winners. A little less than two years ago, they opened a showroom in Westport, CT, with room for dozens of cars inside and several acres of outside parking as well. And with some tenting and some pretty smart planning, they had 50 cars offered for their inaugural sale. The Dragones were committed to providing a different auction experience. They hired Christine Downing, a local auctioneer with a background in antique auctioneering in the “English style.” Manny and George flanked her on either side, with George reading the block announcements notes, and Manny providing commentary and background for each lot. A 1931 Duesenberg J Murphy Beverly Sedan topped the charts at $1.375m. Other notable sales included a 1970 Plymouth Hemi ’Cuda with 9k original miles, sold postblock at $220k, the ex-Seinfeld Porsche Pre-A Speedster at $230k and a Porsche 356 C Cabriolet, at $132k. There was little to indicate that this efficient, well-planned auction was a first effort. 1931 Duesenberg Model J Beverly Sedan — $1,375,000 102 Internet and phone bidding was active, with several lots (including the Duesenberg) selling to buyers not in the room. Likewise, the back office was well prepared and handled buyers and sellers efficiently and professionally. Funds from some of the cars and part of the sale premiums were donated to the Westport Playhouse. The plan is to run a spring and fall sale each year. This strong start looks like a springboard to larger sales in the future. ♦ Sports Car Market

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Dragone Westport, CT ENGLISH #108-1949 HEALEY WESTLAND road- ster. S/N B1803. White/blue vinyl/blue leather. RHD. Odo: 1,361 km. Original car right down to the wheels, two owners from new. Dirty paint with checking and cracks throughout. Poor door panel fit. Rotted bumpers and poor chrome and trim. Original interior salvageable for a preservation effort. Likewise for the engine bay, correct original with no grime. Engine reported to turn but no attempt made to start. Mille Miglia-eligible. SOLD AT $23,100. Barn finds are always a source of fascination, but this one garnered extra attention because of its Mille Miglia eligibility. Sold without reserve; several bidders jumped on early, with only two staying on above $20k. Even with the needs, I have to call this car very well bought. Where else are you going to find a MM car for under 50 grand? #115-1951 JAGUAR XK 120 roadster. S/N 660684. British Racing Green/none/black leather. RHD. Odo: 72 miles. Completely restored example. Features include rear headrest faring, low-cut plexiglass windscreen and louvered hood. Engine fitted with C-type head. Formerly owned by past president of the New England region JCNA since 1950s. Major ser- ing. Very complete and engine runs, but not road-tested. Newer wheels and tires. Cond: 4. SOLD AT $5,775. This was an early lot and the first of these cars. I attempted to open at $3k and the auctioneer refused my bid. Eventually opened at $4k and moved at $250 increments until sold just over $5k (plus premium) to yours truly. A very solid car and a very worthy candidate for restoration, in my opinion. #137-1960 JAGUAR XK 150 3.8 coupe. S/N S836486. White/red leather. Odo: 43,211 miles. Very appealing original car selling out of long-term ownership. Recent respray done to very correct standards. Factory chrome and trim in nice condition. Interior entirely correct with the exception of re-covered seats. Factory with aftermarket 8-track in glove box. Original leather, carpeting gone, top remnants remain- not quite concours. Some wear on the seats, but condition in line with rest of car. Cond: 2+. SOLD AT $247,500. The right-hand drive and automatic transmission were marketed as positives offering a broader appeal for driving, and the approach seemed to work. The car sold to an Internet bidder for slightly strong money. #125-1970 JAGUAR XKE convertible. S/N 1R10584. Regency Red/black vinyl/black leather. Odo: 40,192 miles. Well-restored, original-mile car. Unusual and attractive paint in very good condition with only slight buffing marks noted. All chrome and trim restored to show level. Gaps and alignment excellent. Restored interior, minor driver’s seat wear. Factory a/c. Cond: 2. SOLD AT $55,000. The car drew attention all weekend long, and the bidding was indicative of the interest. While the Series II cars do not bring as much as the Series 1, this one, with manual transmission and a/c, pushed all the right buttons. Well bought and sold. #136-2003 ASTON MARTIN DB AR1 convertible. S/N SCFAE62333K800026. Black/tan leather. Odo: 3,098 miles. Original low-mile car with all documentation. Paint and trim present as flawless. Excellent interior with slight wear on driver’s seat bolster. Instruments and controls perfect. Window AM radio. With original spare tire, jack and tool roll. Cond: 3+. NOT SOLD AT $30,000. This was a very classic-looking Jaguar with the paint dead-on correct and all proper appointments and accessories. But the right bidders were apparently not here. The owner was right to hold on. vice just prior to auction. Looks and runs great. Cond: 2+. SOLD AT $69,300. The car as displayed had a ton of eye appeal and was the subject of many inspections prior to the sale. It opened at estimate with multiple bids, and a three-party bidding war ensued, finally selling to a Connecticut SCMer known for his vintage Jaguars. A fair deal on a really wonderful feline. #104-1953 MG TD roadster. S/N TD28830. Red/black vinyl/red leather. Odo: 57,229 miles. Another barn-find original. Mostly original paint with some respray on hood and fenders. Average original panel fit. No visible rust or rust repair. Original interior 104 #120-1967 ASTON MARTIN DB6 coupe. S/N 3141R. Silver/blue leather. RHD. Odo: 2,667 miles. Correct numbers-matching car with build sheet. Very crisp example but sticker, delivery docs, manuals and service history included, plus tools. A true roadster with no top at all. Cond: 1-. SOLD AT $173,800. I had never seen one of these and did not realize that Aston had made a true open road car this recently. The car had a ton of eye appeal, but late-model supercars typically struggle at vintage car events, as confirmed by the result here. Seller was right to hold out given the car’s $300k sticker and low mileage. GERMAN #127-1954 PORSCHE 356 Pre-A Speedster. S/N 80032. Ivory/black cloth/black leather. Odo: 13,454 miles. Famously owned Sports Car Market

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Dragone Westport, CT and successfully raced by Skip Hudson, who beat James Dean in it at Torrey Pines and Palm Springs in 1955. It’s believed that Hudson developed “the drift” in this car. Discovered in storage in Oregon in 1994, and full restoration followed (now aging somewhat). Purchased by Jerry Seinfeld three years lar car needed substantial explanation because it was not an AMG model, despite the badging on the car. This disappointed many would-by buyers during the inspection and no doubt affected the final bid. But it sold for market-correct money given what it really was. later. SOLD AT $230,000. Previously sold for $82,950 at Barrett-Jackson’s 1997 Scottsdale sale (SCM# 17837). Then a no-sale at a high bid of $62,000 at RM’s 1999 Monterey auction (SCM# 307). Initially unsold across the block, it was announced sold a couple of days later at a number closer to market-correct. Seems a good buy for what is a special Porsche with strong provenance. #113-1964 PORSCHE 356C cabriolet. S/N 160693. White/black cloth/black leather. Odo: 44,316 miles. High-quality numbersmatching car, nicely restored. Nearly perfect original interior left untouched. Original floor rubber wear commensurate with miles. Older engine bay detailing with plenty of use since. ITALIAN #144-1953 LANCIA APPIA C80S panel truck. S/N C80S2686. Blue & silver/black vinyl. Original car with repaint. Rust evident in rockers and lower quarters. Checking in lacquer paint. Tired chrome and trim. Roof rack. Original interior in commensurate condi- until early 1990s. Complete known history. Cond: 2+. SOLD AT $396,000. This is a wellknown car with many accolades to its credit, including awards at Pebble Beach, Amelia Island, Greenwich, Hartford and Newport Concours events. It was driven a bit following the restoration but has been in two collections for most of the past seven years and on static display. High offer was enough to let it go. #118-1962 ALFA ROMEO GIULIETTA SPRINT SPECIALE coupe. S/N 17251. Red/white leather. Odo: 3,891 miles. Highquality restoration of original correct car. Imported from Italy just for this sale. Stunning paint with perfect chrome and trim. Original glass. No hint of rust or repair anywhere. Interior like jewelry, with beautiful leather seats and all instrumentation and controls restored. Highly detailed engine bay. Tools and tion. Solid floors. Mileage unreadable. Cond: 3-. SOLD AT $14,300. An ideal marketing piece for business with lots of drive-by traffic. Offered without reserve and sold comfortably at estimate. A fair deal for all. Cond: 3+. SOLD AT $132,000. This was a nice driver-level car that was reported by both seller and auction house to be ready for touring. While it had a great look, it was somewhat overshadowed by Lot 127, the Pre-A Speedster. The auctioneer worked the room quite a bit, finally received one bid, and sold the car immediately. Well sold. #103-1985 MERCEDES-BENZ 500SEC Straman convertible. S/N WDBCA44D9FA1362555. Black/black cloth/black leather. Odo: 62,194 miles. Original car. Very good original paint and trim. Little warping or discoloring of exterior plastic panels. Excellent original glass. Interior shows minor wear, original wood and instrumentation, factory radio with power antenna stuck in the up position. Clean original engine bay. Cond: 3+. SOLD AT $12,650. One thing noted about the Dragone sale was the careful explanations from the block about inaccuracies or potential confusion about any of the cars. This particu- 106 #128-1954 ALFA ROMEO 1900 CS coupe. S/N AR1900C01531. Linen White/blue leather. Odo: 2,422 miles. Hand-built car said to be the only all-alloy Ghia coupe built on CS chassis. High-dollar restoration by Fabio Callegaris of Milan 12 years ago. Finished in original colors with fastidious detailing throughout. Restored to concours show condi- spare in trunk. Cond: 2+. SOLD AT $138,600. The appreciation of these cars over the past 10 years is nothing short of astounding. I was made aware of this car some four months ago and assumed the condition description was being exaggerated. When it arrived, I was amazed at the execution of the restoration—so much so that I was an underbidder on the car when it crossed the block. Given other recent sales results, this one was very well bought. #131-1964 LANCIA FLAMINIA 3C 2800 SS spyder. S/N 8261341041. Red/black cloth/black leather. Odo: 43,232 miles. Older restoration that has held up well, with some paint mismatch on both rear quarter-panels. Original chrome and brightwork. Brand new Haartz cloth top. Nicely restored leather inte- rior. Original austere instrument panel. Factory AM radio. Cond: 3. SOLD AT $77,000. A very fun little Lancia in this livery, and it drew a lot of attention. Price paid was market-correct, considering the paint issues and obvious age of the restoration. #117-1967 DUCATI SCD 350 Corsa mo- tion but showing some minor aging now. Eligible for the Mille Miglia. One-owner car torcycle. S/N SCD12. Black & red/black vinyl. True factory Corsa, one of 12 built, with six still in existence; raced at Daytona in 1967. Sports Car Market

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Dragone Westport, CT Factory stock and unrestored, a true survivor. Known racing history, with film and documentation. No speedometer or odometer, only a tach. The Ducati SCD 350 is an important piece of Ducati heritage with a stellar racing history. Cond: 3-. SOLD AT $39,600. The vintage motorcycle segment continues to attract new collectors, and excellent bikes with race history and strong provenance are at the top of the collector pyramid. This bike was very well bought, and I expect it could command significantly more the next time out, as collectors more fully comprehend its importance. #105-1976 LAMBORGHINI URRACO P300 coupe. S/N 20342. Blue/tan leather. Odo: 78,193 km. Original, correct, documented car, imported by second owner in 1980s. All DOT and EPA modifications made at time of import. Original paint in very good condition. Buffing marks and a couple of chips along door edges. Ugly federalized 5-mph formed to high standards with excellent fit and finish. Veteran of many tours and used in nice weather. Original and correct equipment including Rushmore headlamps, authentic sideand taillamps, and factory windshield with top. Cond: 2. NOT SOLD AT $50,000. Bidding was surprisingly light, and the result was a no-sale. The seller was correct to hold on, as Stanleys in this condition are almost never available, and when they are, the price is usually in the six-figure range. #138-1927 MARMON MODEL L road- ster. S/N Y0EN92. Red & black/tan cloth/brown vinyl. Odo: 35,459 miles. Nicely restored and detailed car. Excellent paint with buffing swirls throughout. Very good door and panel fit. Correctly restored interior in good Brothers c. 2001. Retains original engine, chassis, firewall, transmission and coachwork. Recently freshened by respected Northeast shop. ACD certification category 1. Some touch-up, older restored chrome and trim. New interior and top. Instruments front and rear allow passengers to keep an eye on things while riding. A wonderful driving and handling car. Cond: 2-. SOLD AT $1,375,000. I had the good fortune to spend a lot of time in and around this car, due to a client’s interest in it. Many (including me) thought this car could surpass $2m given what other aircraftinspired Duesies have sold for recently. A bargain at this price. #109-1932 CHEVROLET CONFEDERATE BA DELUXE roadster. S/N 2BA0343123. Blue/tan cloth/tan vinyl. Odo: 88,179 miles. Beautiful sporty car. Highquality older restoration. Excellent paint, chrome and trim. Accessories galore, including hood louvers, headlights, bumpers, and radiator shell, all finished in bright chrome. Rear-mounted spare. Tastefully restored inte- bumpers added upon importation. Clean original interior with original leather and carpeting. All controls and switches work correctly. Aftermarket stereo and alarm system. Clean original engine bay. Full factory tool roll, jack and spare. Cond: 2. SOLD AT $36,300. This car struggled to get an opening bid, and then two bidders took it up (at a painfully slow rate) to a top market price. AMERICAN #141-1911 STANLEY MODEL 63 10-hp touring. S/N 6173. Green/black leather. RHD. Odo: 1,049 miles. Correct Model 63 four-passenger touring with 10-horsepower steam engine. Restored by noted steam car enthusiast Robert Mead of Ridgefield, CT. Ready for touring duty of any distance. Found in a Pennsylvania barn back in the 1950s by Carl Amsley, who sold it to Mead. Restoration per- 108 Sports Car Market form. Rear-mounted spare, accessory taillights and sun visor. Cond: 2. NOT SOLD AT $32,000. This car’s stodgy look caused wouldbe buyers to pass right by during preview. If I were the seller, I’d have done without a reserve altogether. BEST BUY #126-1931 DUESENBERG MODEL J Beverly sedan. S/N 2513J495. Silver/blue vinyl/gray cloth. Odo: 94,478 miles. Well-known car with ownership history pretty much from new. Older restoration commissioned by Imperial Palace in the early 1990s. Sold by them to the McGowen rior in tan. Matching convertible top with boot. Cond: 2. SOLD AT $41,800. This was by far the most desirable body configuration of the era for these little Chevys. This was a handsome car and worthy of careful consideration for any serious collector. Owned by an elderly gentleman who brought several cars to sell, and who let this one go for a relative bargain. Very well bought. #111-1946 INDIAN CHIEF motorcycle. S/N 3467C11. Red/black leather. MHD. Odo: 4,564 miles. Very attractive, highly restored bike with sidecar. Excellent paint. Most details appear correct. Seat and sidecar interior both beautiful, with great attention to detail. Lots of accessories including rear-mounted spare, leather satchel and bicycle fenders on rear wheels. Cond: 1-. SOLD AT $39,600. The SCM database indicates that these have fallen off substantially over the past five years. That

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Dragone Westport, CT said, this was a prime example that was carefully detailed, and it attracted strong interest all the way to its final bid. Well sold. #106-1948 CADILLAC SERIES 62 con- vertible. S/N 48621616S. Black/black cloth/red leather. Odo: 27,724 miles. 346-ci V8, 4-bbl, 3-sp. Totally original car with documented miles from new. Original paint checking and cracking throughout, some primer visible. Original well preserved chrome and trim. Good factory gaps and panel fit. Brandnew Haartz cloth power top. Original interior with leather seats and factory carpeting. Factory AM radio and heater. Original gauges and controls all working. Clean engine bay. Original spare and jack in trunk. Cond: 3-. SOLD AT $79,200. One of several very interesting preservation/barn-find cars here. This car attracted a lot of attention prior to the sale, inducing one of my clients to make a presale offer on the car. Bidding opened at $65k and didn’t stop until sold at nearly $80k (allin). This result was in line with nearly all of the preservation cars in the sale. #116-1950 CHRYSLER TOWN & COUNTRY Woodie coupe. S/N 7411576. Black/black & white leather. Odo: 67,121 miles. 323-ci I8, 2-bbl, auto. Original miles from new and no restoration work to speak of ever performed on the car. Excellent overall condition. Fabulous original wood and original black paint. Interior a bit aged with worn leather and a less-than-stellar color combina- tion. From the estate of James Riley. Cond: 3. SOLD AT $41,800. These come to auction fairly often and usually (it seems, anyway) result in a no-sale, probably because owners incorrectly anticipate bids closer to what the open cars bring. The estate wanted $50k, which is unrealistic for this car. Bidding on the block stalled in the $30k range, but two days later, a deal was announced at almost $42k all-in. Well sold. © 110 Sports Car Market

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Auctions America by RM Carlisle, PA Spring Carlisle A 1969 Buick GS 400 was not a Stage 1 car, but the concours-level workmanship pushed it to a Stage 1 price of $79k Company Auctions America by RM Date April 26–27, 2012 Location Carlisle, PA Auctioneer Brent Earlywine Automotive lots sold / offered 131/267 Sales rate 49% Sales total $2,529,335 High sale 1957 Corvette 283/270 convertible, sold at $99,000 A detailed frame-off restoration helped earn this 1969 Buick GS 400 earn $79k on the block Report and photos by John Lyons Market opinion in italics S pring Carlisle is nature’s announcement to the car collector community that the season has arrived and that it’s time to pull that old classic out of mothballs and get her on the road for the summer. Thousands of collectors descend upon the area each spring to find parts, sell cars and buy new summer cruisers. Since 1974, Bill Miller Jr. and the late Chip Miller (and now sons Lance and Bill III) have welcomed people to the Carlisle Fairgrounds with an eye on the hobby and charity. The single event has grown into eight separate and distinct events over the course of each car season, celebrating several individual marques as well as the hobby as a whole. This spring, the weather was delightful, with mostly sunny skies and not a hint of rain. The auction was logically set up with feature cars in the main pavilion and all others parked in order of lot number. This made finding cars easy for prospective buyers. Several cars showed up with no advance registration, and the AA staff worked to accommodate them and get them onto the website for immediate promotion. I also noticed the phenomenal work of the AA back-office staff, whose streamlined paperwork process meant little or no wait time for buyers eager to pay for their purchases. This was the second Auctions America event at Spring Carlisle and as such, it is still very much in its 112 Carlisle, PA infancy. Even so, it was a successful effort with a decent sell-through rate and better quality cars than in years past. Average price per car notched up to $19k from $18k last year, but there was truly something for everyone, and at price points for every collector’s wallet. 267 cars crossed the block over the course of the entire auc- tion, with a sales rate of 49%. The total sales volume for the weekend was $2.5m. Post-war American classics are at Carlisle’s heart, and nine out of the 10 high sales were domestic. A stunningly restored 1957 Chevrolet Corvette 283/270 took the top spot, selling for $99k. Another convertible — a 1969 Buick GS 400 — sold very well at $79k. It was not a Stage 1 car, but the concours-level workmanship pushed bidding to a Stage 1 price. A 1969 Shelby GT350 secured third place, selling for $77k. Perhaps the best buy of the auction was a 1952 Sales Totals Nash Ambassador sedan restored to incredible standard, wearing 1952 YOM plates and being sold by its owner of 32 years. Considering the cost of restoration, the new buyer got an amazing car for $13k. Brent Earlywine and the rest of the auction team were their usual professional and successful selves. They did an excellent job of working with buyers and sellers. Several cars bid shy of reserve on the block failed to sell initially, but auction ambassadors worked hard behind the scenes to put the deals together, boosting sales rate and overall totals. I expect year three will continue to see solid growth and even more great cars. ♦ $3m $2.5m $2m $1.5m $1m 0 Sports Car Market 2012 2011 2010 2009 2008 Buyer’s premium 10%, included in sold prices

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Auctions America by RM Carlisle, PA CANADIAN #308-1975 BRICKLIN SV-1 coupe. S/N 00031BX5S002400. Orange/brown leather. Odo: 22,032 miles. Very tired unrestored car. Sun-baked paint, good original glass, door supports worn out. Interior similarly sun-damaged. Brittle leather seats. Gauges and controls Bentley. If not for the right-hand drive, I would have expected almost double this. Well bought and sold. #413-1966 SUNBEAM TIGER convert- decent. Engine bay dirty. Cond: 4+. SOLD AT $4,840. This car appeared to have been parked in the Arizona sun for 10 years. Overall condition was worse than expected, considering that the miles were reportedly actual. New owner now has the chance to spend a few grand on the interior and see some upside. Well bought. ENGLISH #398-1956 JAGUAR XK 140 SE road- ster. S/N 5812197. White/tan canvas/red & white leather. Odo: 8,752 miles. Older restoration completed in 2003 by respected shop, with numerous JCNA awards during that era. Average gaps, very poor hood fit. Chrome, paint and trim all commensurate with age of restoration. Crack with hole above rear fender lip. Nicely restored interior. All original gauges and controls in excellent condition. A ible. S/N JAL660888. Cinnamon Pearl/black cloth/black vinyl. Odo: 58,622 miles. Frameoff restoration to very high standards. Showquality fit and finish. Better-than-new paint, chrome and trim. Equally nice interior with no detail overlooked. Rebuilt and detailed engine bay, all correct tags in place. Promoted in advance marketing as a 260-ci V8 version, but is car will need a complete exterior restoration before long. #400-1974 JAGUAR XKE convertible. S/N UEIS23557. Primrose Yellow/black cloth/black leather. Odo: 22,034 miles. Unrestored low-mile car, reportedly kept in climate-controlled storage its entire life. Excellent original paint, trim and panel fit. Orginal black vinyl top in good condition. Very nice interior. Clean engine bay very correct. On chrome wire wheels, with factory a/c and desirable 4-speed manual. Cond: 3+. NOT SOLD AT $50,000. The 12-cyl Felines lag behind the 3.8 and 4.2 6-cyl versions, but this one did have factory a/c, 4-speed, tools, jack, spare and records. Market-correct high bid. GERMAN #198-1950 MERCEDES-BENZ 170S 2-dr sedan. S/N 1811114475. Black/black cloth sunroof/tan leather. Odo: 35,499 km. High-quality restoration completed in 2006. Excellent paint, chrome and trim. Very attractive and correct interior with superb wood and actually a 289. Cond: 2+. NOT SOLD AT $41,500. The paint was not a factory color, and the rims were from a Mazda MX3, but in my opinion, the car looked great. However, when the owner claimed that he had just discovered that it was a 289 car from new, the confusion clearly turned off many bidders, and the car stopped far short of reserve. With documentation, it shouldn’t be a problem. factory Special Equipment car. Cond: 3. SOLD AT $72,050. This XK had lots of eye appeal, but several issues were apparent under close scrutiny. There was no Bondo, and I had to triple check to confirm this was not an alloy-bodied car. Fairly strong money given the condition. #416-1964 BENTLEY S3 saloon. S/N B52DF. Blue & silver/blue leather. RHD. Odo: 62,667 km. Highly original car with one correct repaint. Chrome and trim original. Paint shows buffing and swirl marks with few other blemishes. Rich leather interior with wear appropriate for the age. Original wood with some flaking and fading. Original carpeting in good condition. Dirty engine bay, original service manual and warranty booklet. AM/ multi-band radio. RHD. Cond: 3. SOLD AT $19,250. A stately car with the pleasant aroma one would hope for in a nearly 50-year-old 114 #372-1969 JAGUAR XKE coupe. S/N 1R25919. Eng. # 7R44589. Black/black. Odo: 62,654 miles. Heritage certificate included. Older restoration with repaint from British Racing Green showing many blemishes. Trim around windshield partially missing. Correct black reproduction interior in better shape than exterior, but driver’s seat is worn. Original leather. Oddly, the steering column is chromed and has lots of pitting. Engine bay and undercarriage very clean. On old, yellowed tires. Cond: 2-. SOLD AT $33,000. Without question, one of the most interesting cars of the sale. Purchased by an SCMer and should be considered well bought. #420-1968 MERCEDES-BENZ 280SL convertible. S/N 11304412001972. Beige Gray/tan/beige MB-Tex. Odo: 46,838 miles. Very original car with some repaint and recovered seats. Miles stated to be actual. Paint gauges and switches. Cond: 4+. SOLD AT $28,600. Poor workmanship overall, and the color change hurt the car, but as one of just 4,855 coupes built during the series II run, it sold on scarcity alone. Very well sold, as the Sports Car Market

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Auctions America by RM Carlisle, PA mismatch on trunk lid. Original and stained door panels. Original engine and transmission. Automatic, factory a/c, MB-Tex seat material. Cond: 3. SOLD AT $39,050. Although condition #1 cars sell upwards of $100k, this one was far from that. After some pretty good work from the auction crew, the seller removed his reserve. I have to call it well sold. #331-1973 VOLKSWAGEN TRANSPORTER Westfalia minibus. S/N 2332178262. White/gray vinyl. Odo: 65,873 miles. Outstanding original car, inside and out. Correct chrome and trim with no rust and no rust repair. All correct factory labels in both German and English. Completely functional and correct Campmobile interior. Optional a/c, FM tape deck, headrests, and front vent win- #393-1974 DETOMASO PANTERA coupe. S/N THPNNK06407. Red/black leather. Odo: 21,417 miles. Actual miles shown. Correct factory gaps and panel fit. Excellent original paint with minor buffing swirls throughout, very good original trim and rubber. Some minor curb damage to two of the 32,620 miles. Excellent repaint on a low-mile and otherwise completely original car. Original interior. Factory AM/FM radio intact. Includes warranty info, owner’s manual and all service history. Cond: 2-. SOLD AT $12,100. The Japanese compact segment continues to show strength, as confirmed by this price. The only serious knock against this car was the automatic transmission. Slightly well bought. AMERICAN wheels. Nice original interior with all correct components. Engine bay very clean but not detailed. Cond: 2-. SOLD AT $41,800. Many of these cars were bought for perceived future investment value, as seen here. The Ford V8 is a simple engine to maintain. A lot of fun and a ton of eyeball for the price paid. Well bought. #429-1974 MASERATI MERAK coupe. dows. Clean original engine bay. Aftermarket exhaust tips are the only thing not original to the car. Has all books and manuals, service records and original window sticker. Cond: 2. NOT SOLD AT $18,000. Previously seen at the December 2010 Raleigh Classic, where it was a $21,500 no-sale (SCM# 168464). This was a fantastically well preserved car; a Type 3 in this condition would be a six-figure car. I figure the high bid was at least $7k light. ITALIAN #369-1963 FIAT 1200 Spider. S/N 118I0- 45299. White/white hard top/black & red vinyl. Odo: 12,207 miles. Original car with one repaint and newer carpeting. Overall wear commensurate with miles. Correct removable factory hard top. Chrome and trim generally decent. Clean original interior, radio removed. Obvious long-term storage, but recent me- only real sign of aging inside the car. Spotless engine bay. Cond: 2-. NOT SOLD AT $21,250. This looked to me like an honest lowmile car, but the reporter who saw it sell here last year at Spring Carlisle 2011 for $26,950 called it “the runner-up fright pig of the sale” (SCM# 177822). It’s been fluffed up since then but not driven, so the seller is presumably looking to profit on his flip, or at least break even. JAPANESE #178-1976 DATSUN 280Z coupe. S/N HL830271019. Silver/black vinyl. Odo: chanical freshening. Cond: 3. NOT SOLD AT $15,000. Unlike anything else at this auction. Overall decent driver-quality presentation, but the car had clearly sat for many years. The recent mechanical work is significant, as these were notoriously unreliable cars. High bid should have been enough to strike a deal. 116 metal where it was once. Very tired interior, with newer seat covers the only upgrade. Cond: 3-. SOLD AT $11,000. Sold for marketcorrect money, given the condition, but shelling out for new top, carpets and good engine-bay detailing could have doubled the result. #120-1949 PLYMOUTH SPECIAL DELUXE sedan. S/N I229744I. Blue/blue cloth. Odo: 34,770 miles. 218-ci I6, 1-bbl, Sports Car Market S/N AM122US1390. Red/black. Odo: 35,525 miles. Very original low-mile car. Original red paint with swirls and buff marks throughout, or perhaps a respray. Original federalized bumpers and trim with minor age-warping. Some fogging in headlight lenses. Original well-kept interior. Sagging sun visors are the correct carpeting and seating surfaces. Cond: 3. SOLD AT $5,500. This car received no prep other than a battery, and when it fired up, the fuel was acrid and fouled the room for quite awhile, even after the car left the podium. It was not actually a bad car, but the smoke and smell soured many would-be bidders. Well bought. #138-1949 DESOTO CUSTOM convert- ible. S/N 50021501. Yellow/tan cloth/beige vinyl. Odo: 33,033 miles. 237-ci I6, 1-bbl, 3-sp. Older cosmetic restoration with some chips in paint; original trim has some dents, convertible top old and dirty. Driver’s sideview mirror is missing, with holes in sheet #337-1948 PACKARD EIGHT sedan. S/N 2262943369. Blue/tan cloth. Odo: 61,459 miles. 327-ci I8, 2-bbl, 3-sp. From a private estate collection and offered without reserve. Original car with one repaint, has some checking and cracking. Trim and chrome badly pitted. Grimy engine bay with rust on all surfaces. Very clean original interior, excellent dash and gauges, original AM radio. Newer

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Auctions America by RM Carlisle, PA 3-sp. Nice cosmetic restoration of a correct original car. Excellent fit and finish. Nearly flawless paint, chrome and trim. Engine very and side-view mirror. Concours detailed throughout including underside and engine bay. Very slight hood bulge is the biggest complaint. Interior gauges and instruments all excellent. Cond: 1-. SOLD AT $99,000. I absolutely loved this car. The color combination was as impressive as the sound of the engine, and the car had a crowd around it all weekend long. It had never been judged, and the only negative was no mention or display of any paperwork showing provenance. If paperwork exists, very well bought. #150-1958 LINCOLN PREMIERE original. Excellent original interior with minimal wear on driver’s seat. Cond: 2. NOT SOLD AT $8,000. This was a very nice car, but an extra thousand dollars and two days of labor could have taken it to the next level. Hopefully the seller will do just that and see a better result next time. #137-1952 CHEVROLET 3100 pickup. S/N 14KPK12372. Cream & blue/brown vinyl. Odo: 773 miles. 235-ci I6, 2-bbl, 3-sp. Frame-on restoration approximately six years ago, earning multiple AACA awards. Reproduction VIN tag. Decent paint with mild orange peel, average fit and finish, reproduc- original engine bay. Cond: 3. NOT SOLD AT $15,000. These cars were not inexpensive when new and were typically purchased by older buyers. As a result, many low-mileage original examples survive in relatively good condition. While this car was a nice original, it still had many needs, and the seller should have been very happy with the high bid. tion chrome bumpers. Very nice interior with all correct materials used. Cond: 2-. SOLD AT $22,000. Appealing five-window model, with tons of eye appeal from five feet away. This was a nice amateur restoration that will provide new ownership with lots of satisfaction for the price paid. A fair deal. #395-1957 CHEVROLET CORVETTE convertible. S/N E575106210. Inca Silver & Imperial White/black vinyl/red vinyl. Odo: 74,633 miles. 283-ci 270-hp V8, 2x4-bbl. Stunning restoration. Reportedly one of 10 delivered in this appealing color scheme. Excellent chrome and trim. With dual quads, dual exhaust, electric clock, tach, windshield washer system, courtesy lights, deluxe heater but not show-detailed engine bay. Worn interior, frayed carpets, but nice instruments, including handsome and correct steering column tachometer. In current ownership for many years, and with previous owner for at least two decades, reportedly Cond: 3+. NOT SOLD AT $53,000. Minimal evidence to supplement the claimed provenance, but at least the color combo was striking. Price paid was toward 118 Sports Car Market #190-1959 CHEVROLET CORVETTE convertible. S/N J59S101254. Black/white vinyl/black vinyl. Odo: 61,342 miles. 283-ci 270-hp V8, 2x4-bbl, 4-sp. Older restoration now showing some fit and paint issues—passenger’s door sags nearly an inch when opened; numerous buffing marks and chips in paint. Nice original chrome and trim. Clean sedan. S/N H8Yl419002. Black/black leather. Odo: 45,467 miles. 430-ci V8, 4-bbl, auto. Unrestored original car. Wears original paint with cracks and checking throughout. Original interior in nice condition, with a small repair to driver’s seat. Back seat, carpets, gauges and instruments all immaculate and original. Clean the low end of market but not out of line, considering all factors. #338-1961 LINCOLN CONTINENTAL 4-dr sedan. S/N 1Y82H421082. Gray/gray vinyl & cloth. Odo: 68,030 miles. 430-ci V8, 4-bbl, auto. Very original slab-side Lincoln, from a private estate collection and just out of very long slumber. Original paint checked and cracked. Very nice original leather interior. Given no prep other than a battery: Old gas, weak brakes and numerous other issues will need attention. Cond: 3-. SOLD AT $10,175. This sold for huge money considering the rehab work required, and I imagine buyer will be upside-down for quite some time. Well sold, but still, it was a charming car in its originality, and I confess to being an underbidder. #408-1962 CADILLAC ELDORADO BIARRITZ convertible. S/N 62E059347. Olympic White/white vinyl/white vinyl. Odo: 83,907 miles. 390-ci V8, 4-bbl, auto. Original sheet metal and trim. Decent-quality older repaint, newer chromed bumpers. Correctly restored interior with vinyl seats and pile car- peting. Optional bucket seats, console and power locks. Controls and knobs all original with minor wear from use. Engine bay clean, with incorrect hoses and clamps. Cond: 3. NOT SOLD AT $31,000. A carefully maintained, lightly restored car in triple-white. I think the seller was right to hold out for a bit more given the unusual color combination and bucket seats. #153-1962 FORD GALAXIE 500 convertible. S/N 3J65X138102. Champagne/black vinyl/black vinyl. Odo: 67,433 miles. 352-ci V8, 2-bbl, auto. Very

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Auctions America by RM Carlisle, PA tired old car, with Bondo in rockers and rear lower quarters. Original chrome and trim in fair condition. Interior largely original with recovered front bench. Period dealer-added a/c. Very old and ill-fitting replacement vinyl top. Cond: 3-. SOLD AT $12,375. The seller incorrectly called this an XL car, which had me wondering what else about the car might be incorrect or misrepresented. But price paid was good, suggesting that the bidders didn’t notice or didn’t care. #342-1962 FORD THUNDERBIRD con- vertible. S/N 2Y89Z172563. Black/black vinyl/black leather. Odo: 39,363 miles. 292-ci V8, 4-bbl, auto. VIN codes out to a 390/300, but catalog states that car is equipped with a 292/170 V8. Original car with older repaint in correct color. Original top and interior in generally good condition. Dirty engine bay indicates long storage. Options include Cruise-O-Matic transmission, power windows and AM radio. Dealer-added tonneau cover. #407-1965 CHEVROLET CORVETTE convertible. S/N 1946755108372. Rally Red/white vinyl/black leather. Odo: 49,258 miles. 327-ci 350-hp V8, 4-bbl, 4-sp. Nice restoration. Excellent paint, chrome and trim with minor touch-ups. Factory a/c, AM radio, four-wheel disc brakes, spinner hubcaps. Interior appears fresh everywhere with 351-ci V8, 4-bbl, auto. High-quality frame-off restoration. Excellent paint and trim. Brandnew interior. Equipped with Mach 1 package and many options. Includes window sticker and Marti Report. Cond: 2+. NOT SOLD AT $34,500. A very well restored car with proper documentation. Mach 1s have been a bit soft in the marketplace, but outstanding examples still bring strong money. The seller was right to hold on, as restoration costs alone dwarf what was bid here. #431-1969 INTERNATIONAL minimal signs of use. Highly detailed engine bay with all correct hoses and fittings. Showdetailed undercarriage. Claimed numbersmatching but no documentation shown. Hard top hold-down clamps not installed upon reassembly. Cond: 1-. NOT SOLD AT $53,000. Nice car, but the missing clamps had me wondering what else might have been left off, and a matching-numbers claim is only as good as the paper that backs it up. Unsurprising that this failed to meet reserve. Offered without reserve. Cond: 3-. SOLD AT $15,125. This car showed every sign of long slumber. The gas was acrid, and the exhaust smell lingered. A little prep work would have gone a long way here, but estate sales are difficult, because the surviving family often does not know what to do with objets d’art such as these cars. I wouldn’t be surprised to see this car pop up again freshly fluffed with a $25k reserve. #129-1963 FORD THUNDERBIRD 2-dr hard top. S/N 3Y83M101101. White/red leather. Odo: 34,560 miles. 390-ci V8, 3x2bbl, auto. Full mechanical reconditioning of a very original M-code T-Bird. Average original paint with poor gaps and panel fit. Left rear quarter repainted at some point. Chrome and brakes. Fitted with Muncie 4-speed transmission. Original build sheet included. Cond: 1-. SOLD AT $78,650. While this GS 400 wasn’t a Stage 1, the quality of workmanship pushed it very close to Stage 1 money. This was one of the best condition cars at the auction, and I have to call it well bought. #405-1969 FORD MUSTANG Mach 1 fastback. S/N RO2H168064. Wimbledon White & black/black vinyl. Odo: 66,691 miles. trim show minimal pitting. Disintegrating door seals. Original interior. Few options. Cond: 3-. NOT SOLD AT $10,500. Not too long ago, any T-Bird of this vintage with an “M” in the VIN would have sold for big bucks. The seller was right to hold onto his rare car, but he may have a long wait before the market comes back around. 120 gaps and panel fit. Mint interior like new. Show-detailed engine bay and undercarriage. Equipped with Turbo 400 transmission, F41 suspension, SS instrumentation and gauge package, Sport steering wheel and factory AM/FM radio. Cond: 2+. NOT SOLD AT $42,000. This was one of the stars of the sale, with prominent placement and a prime selling time, but considering the lack of documentation, top bid looked correct. © Sports Car Market #382-1969 BUICK SKYLARK GS 400 convertible. S/N 446679Y139816. Blue/white vinyl/black vinyl. Odo: 78,059 miles. 400-ci V8, 4-bbl, 4-sp. Brilliantly executed frame-off restoration, show-detailed throughout. One of 1,176 convertibles built in ’69. With optional a/c, power windows, tinted glass, and disc TRAVELALL 100D SUV. S/N 312107H004116. White & Di-Noc wood/red vinyl. Odo: 58,639 miles. 392-ci V8, 2-bbl, auto. Nicely optioned early SUV. All-original paint, sheet metal and trim remarkably well preserved. Original interior has some tearing and wear on driver’s seat bolster, plus pitting and peeling trim from sun damage. Equipped with optional 392, automatic transmission, a/c, tinted glass and tow package. Includes original bill of sale. Cond: 3+. NOT SOLD AT $16,000. This California car had documentation suggesting it was used as an estate vehicle, which would explain the low miles. Offer was perhaps a touch low for the condition, but a Jeep Wagoneer in this shape would sell for twice the money bid here. #205-1970 CHEVROLET CHEVELLE SS 396 convertible. S/N 136670K200769. Red/black vinyl/black vinyl. Odo: 167 miles. 396-ci V8, 4-bbl, auto. Genuine SS with correct but non-original motor. Very well executed frame-off restoration, driven 167 miles since. Outstanding prep and paint with perfect

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Bonhams Monte Carlo, MCO Les Grandes Marques à Monaco Someone spent $107k to get a 2-cylinder Fiat Jolly beach car. The underbidder spent $50k less and got two more cylinders Company Bonhams Date May 11, 2012 Location Musée des Voitures du Prince, Monaco Auctioneer James Knight Automotive lots sold / offered 36/78 Sales rate 46% Sales total $2,435,880 High sale 1965 Ferrari 330 GT/250 GTO replica, sold at $364,697 Buyer’s premium 15%, included in sold prices ($1.00=€0.77) A Jolly good buy? 1963 Fiat 500D sold for $107,176 Report and photos by Jérôme Hardy Market opinions in italics A t Bonhams’ 2012 Monaco sale, took no less than 36 automobiles to reach a total revenue of $2,435,880, or an average value of $68k per lot. The offerings were eclectic, with a number of cars bringing surprisingly big prices, a few surprising no-sales and a few surprising good deals. The high sale at $365k was a re-creation of the 1962 Ferrari RHD GTO that raced Le Mans, based on the chassis of a 1965 330 GT. Price paid was expensive for a replica, but the craftsmanship was excellent, with all components OEM Ferrari and appropriately tuned. Not far behind was a 1962 Facel Vega II coupe, sold at $327k. The strong money it commanded confirms the rise of the French-American grand tourer. This example was equipped with the 4-speed manual, in a desirable dark blue/red livery, and the restoration was impeccable. Perhaps the biggest shock came in the form of toys. Someone spent $107k to get a 2-cylinder, 495-cc, 21-hp 1963 Fiat 500D Jolly Beach car. The underbidder was 122 it very, very lucky by my estimation, as he was able to secure a similar 1959 Fiat 600 Jolly Beach car for only $55,102. Two more cylinders for $50k less. That is what I call a deal. The nicest car on offer was probably the 1972 Ferrari Dino 246 GT Berlinetta. Despite the fact that these are not rare, this one was excep- Monte Carlo, MCO tionally honest. It charmingly occupied the space between original and restored, and it sold at $231k. As for a French tour-de-force, you have to admire the 1980 Citroën Mehari. Only a French engineer with the security of a multi- Sales Totals thousand-unit contract with the French army can design a 4WD vehicle using the 29-hp, 2-cylinder Citroën 2CV engine. Nonetheless, this one was as-new and sold for $53,588. That exact same amount could have gotten you in a mint 1970 Mercedes-Benz 280SL Pagoda with hard top and very rare 5-speed. While Bonhams’ 2012 Monaco auction was not the place to score a million-dollar Ferrari, the quirky cars that did sell brought impressive money. ♦ $3m $6m $9m $12m $15m 0 Sports Car Market 2012 2011 2010 2009 2008

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Bonhams Monte Carlo, MCO ENGLISH #222-1956 AC ACECA coupe. S/N BE575. Dark blue/black leather. 6,500 km. A privateer’s one-off LHD “closed Cobra,” combining a Ford 289 and Borg Warner 4-speed in an AC Aceca coupe. Built around 1956. Nicely put together with traditioanal AC rudimentary style. Cond: 2. SOLD AT $178,627. Searching 1968–71. Clear history, two owners. First owner restored body and interior to high level. Second one did all the mechanicals. Today it looks flawless in and out. Documented $30k spent over last 10k km. With matching black hard top. Cond: 1-. SOLD AT $53,588. These are beautiful and efficient but also plentiful. At this price level, allowing proper restoration, we will see more and more coming to market. Bonhams sold a 4-speed car at Scottsdale 2012 for $52,650 (SCM# 191675). Well bought. would be impossible to replicate. Probably the best Mehari 4x4 in existence worldwide and as such, a masterpiece for the 4wd or 2CV museum. It would be sacrilege to destroy this one by using it. for an English-looking Ford V8-powered closed car? How about a Sunbeam Tiger with hard top? Much cheaper. An AC Aceca with Bristol power in this condition goes for about $130k. I hope that the new owner had the chance to drive it before making his offer. FRENCH #227-1962 FACEL VEGA FACEL II 2+2 coupe. S/N HK2B138. Black/red leather. 5,000 km. One of 184 built 1962–64. Sold new in Germany, history clear. Nut-and-bolt restored to highest level 1993–98. Great attention to detail in attractive color combo. Better than new today after 5,000 km driven since. Paint, chrome and interior present as flawless. Equipped with desirable 4-speed manual. GERMAN #215-1965 MERCEDES-BENZ 300SE sedan. S/N 11201412008004. Tunis Beige Metallic/turquoise leather. Odo: 16,177 km. Top-of-the-line MB sedan with larger FI engine, self-leveling suspension and all other things very expensive to maintain. $60,000 reportedly spent in past two years. New paint and chrome complement the original nice turquoise interior. Engine bay and undercarriage of a driver. May be one of the best 1965 MB ’70s, difficult to enjoy with 75 mph speed limit now the norm in Europe. Cond: 3+. SOLD AT $22,328. A lot of car for very little money. Market-correct, and if buyer succeeds driving it for three years without breaking his wallet, then a very good deal. ITALIAN #218-1957 FIAT 1500S OSCA 2+2 Original radio. Cond: 1-. SOLD AT $327,483. The French Continental R is moving upwards, deservedly. This one sold just at the $325k low estimate and could have brought $50k more. Artcurial sold a slushbox car in lesser condition at their October 2011 Paris sale for $289k (SCM# 187821). Well bought. Even a bargain. #212-1980 CITROËN MEHARI 4x4 convertible SUV. S/N 00CE0519. Olive Green/black vinyl. Odo: 4,772 km. An ABS Plastic open four-seater on top of a 2CV chassis with a 4wd setup, hence the spare wheel on the hood. If the coachwork is rust-proof, the chassis is not. The 4wd was designed for and mostly sold to French army, but this one belonged to a privateer, and the 4,700 km are real. Presents as new but for the cracked front grille. One of 1,200 4wd Meharis out of about 150k produced 1968–88. Cond: 1-. SOLD AT $53,588. A museum piece, sold well above the $38k high estimate, but still well bought, as 124 sedans in existence. Cond: 2+. SOLD AT $32,748. The 21-year owner was on site. He loved his four cars offered here, kept them all in perfect condition and enjoyed them regurlarly. He admits that he lost big money on this one. Someone’s loss is someone’s gain in one sense, but still, this car will never appreciate significantly and will always require a steady diet of large bills. #216-1970 MERCEDES-BENZ 280SL convertible. S/N 11304410016741. White/black soft top & hard top/black leather. Odo: 43,311 km. One of just 882 with the 5-speed ZF manual, out of 24,000 or so built rear bezel cracked. Engine bay clean. A good low-cost entry ticket for concours d’elegance. Cond: 2-. SOLD AT $44,657. Rare, goodlooking, upscale. Previously a $46,400 no-sale at Bonhams’ 2008 Paris sale with just 82 fewer miles (SCM# 55666). Not destined for significant future appreciation, but well bought given condition and uniqueness. #278-1959 FIAT JOLLY 600 beach car. S/N 438198. Ocean Blue/wicker seat. Fully rebuilt in 1998 and barely used since. Less Sports Car Market coupe. S/N 118S002073. Red/red w/black piping. Odo: 1,382 km. Original, elegant, smallish. Nut-and-bolt restored to good level, but paint has some orange peel, and bumper re-chromed wavy. All-red interior cozy. Nice Nardi wheel and Alfa-sourced gauges. Left #214-1978 MERCEDES-BENZ 450SEL 6.9 sedan. S/N 11603612004349. Gray metallic/black leather. Odo: 139,550 km. Looks like an honest example, properly maintained by owner (same as Lot 215, the ’65 300SE), with $20k reportedly spent in the past 10k km. The definitive sports sedan of the late

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Bonhams Monte Carlo, MCO cute than Lot 271 (which sold for over $100k) in my opinion, but the 633-cc 21-hp 4-cyl here, compared with the other car’s 499-cc most upscale events. A beautiful weaponsgrade toy. Cond: 2. SOLD AT $364,697. Price paid may be less than the build cost, but looks correct, considering it sold at Bonhams’ Sussex sale in 2008 for $331,135, with 6,560 miles on the odo (SCM# 117194). Hopefully those 477 miles were racetrack laps. #206-1971 MASERATI GHIBLI coupe. 17-hp 2-cyl, makes a huge difference performance-wise. Low-profile tires recommended. Cond: 1-. SOLD AT $55,077. Definitely well sold, although the price paid for Lot 271 makes it seem somehow less significant. I’d have picked this car for its two additional cylinders. #271-1963 FIAT JOLLY 500D beach car. S/N MOD563126. Orange/wicker. Simplistic to the extreme. Restoration perfectly executed but could not have cost more than $10k. Cond: 1. SOLD AT $107,176. I was not in the room S/N AM1151962. Blue/white leather. Odo: 45,601 miles. One of 1,149 coupes built 1967– 73. Sold new in the U.S., hence the a/c (now disconnected) and sunroof. Still wearing ugly turn-signal repeaters. Quickly resprayed recently in blue, showing prep issue and orange peel. Chrome redone but also poorly prepped. Interior possibly redone. Just a driver, but wood steering wheel. Original interior steel very good. Too bad about the modern radio. Engine and slushbox recently redone. Engine bay spotless. One of 412 built 1965–74, and equipped with desirable V8 Cleveland. Cond: 2+. SOLD AT $66,985. Rare and luxurious, and with the Ford V8, should be easily maintained. The Ghia design is somewhat heavy, as is often true for these big sedans, but still utterly classy. The SCM Platinum database shows just one other Fidia offered at auction in the past decade, sold for $83,720 at Bonhams’ 2010 Paris sale (SCM# 155190). This was quite well bought. owner declares it the best of the four Ghiblis he has owned so far. Cond: 3. SOLD AT $59,542. Bonhams sold this in 2005 in their Brookline sale in the U.S. for $34,500 (SCM# 37973). It was then Champagne color with 45,152 miles on the odo. Subsequent owner had it resprayed and drove it 449 miles in seven years. Market-correct here. #209-1972 FERRARI 246 GT DINO when it happened. Most high-dollar auctions these days seem to have one of these, and they do bring big money, but this was just unfathomable. #251-1965 FERRARI 250 GTO replica coupe. S/N 7225GT. Rosso Corsa/black leather. RHD. Odo: 7,037 miles. Faithful, high-quality copy of the only RHD GTO that raced Le Mans, built on a modified 330 GT chassis in the late 1980s to GTO spec (engine, gearbox, diff, interior) using as many OEM parts as possible. Chassis and engine tuned for high performance. Looks and—I am told, feels—real. It will open tracks at all but the coupe. S/N 04014. Giallo Fly/black leather. Odo: 39,221 km. One of 2,609 coupes built 1969–74. Euro-spec. No history. Nut-and-bolt restoration a few years ago to high levels, still mint but for picked chrome on wavy bumper. #229-1976 FERRARI 308 GTB fiberglass coupe. S/N 19755. Fly Yellow/black leather. Odo: 23,357 miles. One of 712 built 1975–77 in “Vetroresina.” Euro-spec was drysump 255-hp, but U.S.-spec was wet-sump. Looks like a U.S.-delivered car (a/c, turn signals repeater, heavy rear bumpers) although not mentioned in catalog. Restored to current livery a few years back. Very clean throughout. Engine bay and undercarriage of a driver. A good example of the quite rare early plastic 308. Cond: 2+. SOLD AT $69,962. Sold above the $65k high estimate. Bonhams sold a nicer one at their 2008 Gstaad sale for $63,336 (SCM# 118992). As with the regular 308, these have not appreciated, despite their fantastic lines, engines and interior. To me, an anomaly compared with V6-powered Dinos now in the $150k range consistently. Marketcorrect. Original steering wheel with patina. Daytonastyle seat. Radio. Cond: 1-. SOLD AT $230,727. Dinos continue on their way up, now reaching the $200k mark consistently. Many still around. A 308 GTB in the same condition will sell for a fraction of the price with the same maintenance cost. Price paid leads the market. #243-1973 ISO FIDIA sedan. S/N FA250176. Dark blue/beige leather. Odo: 57,706 km. Four-owner car delivered new in Germany with clear history. Documented nut-and-bolt restoration to high level. Paint appears flawless, mags unmarked. Interior sumptuous with gorgeous veneer and BEST BUY 126 Sports Car Market #208-1983 FERRARI 512 BBI coupe. S/N 46067. Rosso Corsa/beige leather & cloth. Odo: 56,154 km. Euro-spec, sold new in Monaco. Unrestored, unmolested example. Believed to have factory paint, still good with some orange peel and nicks up front. Mags clean. Original interior shows patina. With a/c and original Pioneer sound system. Engine

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Bonhams Monte Carlo, MCO Fresh Meat by Chad Tyson Online sales of contemporary cars 2007 Ferrari F430 Spider bay and undercarriage clean. An honest 512BBi driver, although no mention of service in the catalog. One of 1,007 produced 1982– 84. Cond: 2. SOLD AT $81,871. These have stayed in the $100k range for years. As with Lot 207, from the same owner, this was well bought if services are OK; just market-correct otherwise. Date sold: 06/09/2012 eBay auction ID: 270983988969 Seller: Premier Sports Cars Co. VIN: ZFFEW59A370156901 Details: Red over tan leather; 4.3L V8 rated at 483 hp, F1 semi-automatic, RWD Sale result: $171,900, Buy It Now, sf 417 MSRP: $211,525 (base) Other current offering: Ferrari Maserati of Long Island in Plainview, NY, asking $183,900. 2010 Nissan GT-R fantastic challenge on a Lancia from the plastic era. OZ wheels. Lancia badge missing on post, couple of nicks in paint. Ready for youngtimer rallying. Cond: 2+. SOLD AT $13,397. A sleeper that can outrun anything on twisty roads. If the mechanicals are good, this was a bargain. If not, no big deal, as parts are plentiful and not too expensive. #207-1990 FERRARI TESTAROSSA Date sold: 06/08/2012 eBay auction ID: 190682271832 Seller: AZ Luxury Direct VIN: JN1AR5EF1AM231426 Details: Pearl White over gray leather; 3.8L turbocharged V6 rated at 485 hp, 6-sp auto-shift manual, AWD Sale result: $73,500, Best Offer, sf 387 MSRP: $83,040 (base) Other current offering: Chicago Motor Cars in West Chicago, IL, asking $84,800. 2010 Chevrolet Corvette ZR1 coupe. S/N 86357. Rosso Corsa/black leather. Odo: 24,632 km. Euro-spec with a/c. Just a common red-over-black TR in good driver condition. 25,000 km is supposed to be true, but no mention of belt service. Driver’s seat bolster has been redone. Engine bay and un- #244-1989 LANCIA DELTA HF INTEGRALE sedan. S/N ZLA831ABO00479750. Dark gray/black suede. Odo: 38,884 km. One of many, as this was a popular car in Europe back then thanks to Lancia’s success in rallying. Not a later EVO. Restored in 2005 and looks close to new, which is a red/beige cloth. Odo: 56,777 km. The entrylevel 1931 Packard. Formerly in the Harrah Collection, moved to France in 1992. An older restoration to high quality still showing very well. Great attention to detail, in and out. All chrome excellent. Cloth interior cozy. Engine bay very clean. Just some delaminating glass. Nice trunk with Packard logo. Dual sidemounts. A stately touring car. Offered at no reserve. Cond: 2+. SOLD AT $35,725. Heavy to drive and quite slow, these pre-war travel cars have a limited following unless they are the “creme de la creme.” Reportedly acquired through Bonhams in 2010, this one was let go rather quickly. As president/founder of the Packard Club de France, I feel bad that this beauty was let go for so cheap, $10k under the $45k low estimate, but definitely well bought, with years of cheap enjoyment ahead, assuming the mechanicals are sound. #217-1972 AVANTI II coupe. S/N RQB1829. Black/black leather. Odo: 17,047 km. 400-ci V8, 4-bbl, auto. Produced after Studebaker’s demise. Ordered new by Avanti designer Raymond Loewy himself for his French home. He kept the car 10 years and changed original color from silver to black; Date sold: 06/08/2012 eBay auction ID: 330742238305 Seller: Bob Moore Porsche Audi VIN: 1G1YN2DTXA5801469 Details: Arctic White over Dark Titanium leather; 6.2L supercharged V8 rated at 638 hp, 6-sp manual, RWD Sale result: $83,500, 9 bids, sf 0 MSRP: $121,145 (as equipped) Other current offering: CNC-Motors.com, in Ontario, CA, asking $98,888. ♦ dercarriage of a driver. One of about 7,200 built 1985–91. Cond: 2. SOLD AT $50,611. The high quantity, survival rate and maintenance cost will always keep these from being a good investment, hence the low price. They are fantastic cars, though. If it was serviced properly, well bought. Otherwise, market-correct price, factoring in about $10k for belts and misc. AMERICAN #256-1931 PACKARD EIGHT Model 833 limousine. S/N 324011. Black & last French owner kept it 18 years. $30,000 spent in restoration over past 10,000 km. Redone paint not perfect. All chrome and trim good. All black and aluminum interior trim fantastically done. Engine bay very clean. Optional a/c, Chevy big-block, Blaupunkt. Cond: 2-. SOLD AT $52,100. A very rare car in France, with good options, and the Loewy provenance is significant. Well bought. © 128 Sports Car Market

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Silverstone Northamptonshire, U.K. Silverstone Northamptonshire The top-selling RS 2.7 Porsche, recently and correctly restored, was good value at $326k, $24k less than it was retailed for last year Company Silverstone Auctions Date May 16, 2012 Location Northamptonshire, U.K. Auctioneer Jonathan Humbert Automotive lots sold / offered 25/60 Sales rate 42% Sales total $1,125,375 High sale 1973 Porsche Carrera RS 2.7, sold at $326,080 Buyer’s premium 10%, included in sold prices ($1.00 = £0.63) 1973 Porsche Carrera RS 2.7 — high sale Report and photos by Paul Hardiman Market opinion in italics T he inventory of cars was good, and Silverstone worked hard to move them, but the money, quite frankly, mostly wasn’t forthcoming. The star lot was the Toleman TG-184-2 F1 racer in which Ayrton Senna made his mark in 1984, gaining 12 places at a wet Monaco Grand Prix, and in which he surely would have beaten the race leader, his arch-rival Alain Prost, had the race not been stopped prematurely. With such provenance (it was subsequently correctly restored, looking like a good value at $326k, $24k less than it retailed for last year. Though Senna’s former Ralt F3 racer sold for a strong $181k, two other major Northamptonshire, U.K. competition cars could not find owners: a GT350 lookalike and a really nice mid-year Corvette, both expensively built and available for a fraction of their costs. The Corvette (not sold at $95k) was notable in that it had been specially built for the Goodwood Revival a few years ago, with some unique and tasteful touches, such as a ’59 Caddy rear torpedo mounted on the dash as an oil warning light in the mostly original interior. However, although Corvettes were invited, it never ran. An FIA-spec MGB racer looked like a very good value at $34k, however, and a sharp Lotus Europa sold for owned by another F1 star Stefan Johansson and has appeared at the Goodwood Festival of Speed), auctioneer Humbert must have been sure he could sell it, but the £505k bid ($805k) wasn’t quite enough when the vendor wanted half a million pounds back, meaning that the total price paid needed to be nearer the £600k mark ($960k). Neither could he shift the McLaren MP4-12C, the first of its type to appear at auction anywhere in the world, which needed at least £160k ($255k). Selling either of these two headliners would have helped the low numbers considerably. That left the top-selling RS 2.7 Porsche, recently expensively and 130 $18k. And, still on road cars, two of the three Morris Minors sold, including a very origi- nal convertible at $9k, and a rare Vauxhall Lotus Carlton went cheap at $16k. A Jaguar 420G looked like a lot of car for $32k, and a crisply restored Jensen Interceptor sold for probably less than it cost to do. At $76k, it, too liked like a good buy. A few deals were done post-auction, and a few provisional sales fell through, so when all the counting was over, the numbers were nearly the same: the rally “replica” 1969 Mini had sold, but the Escort RS1600 and Alfa 2000 GTV hadn’t. No one has yet put their finger on the reason for the weak results, but H&H’s num- bers the following week came in slightly low as well. It may be that the market is polarizing as Europeans brace for a double-dip recession, fueled by fears of Greece pulling out of the Euro. The very top cars are still selling, but anything less is struggling. ♦ Sports Car Market

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Silverstone Northamptonshire, U.K. ENGLISH #158-1958 JAGUAR XK 150 coupe. S/N S824536DN. Eng. # V46248. Silver gray/red leather. RHD. Odo: 12,636 miles. Straight with good door fit and slightly dulled 22-yearold paint. All chrome OK. Nice red leather is slightly worn and creased, carpets faded. top fitted and still has two seats. With Coltec 1,840-cc engine of unknown spec and single Weber 45. Current FIA papers. Cond: 3+. SOLD AT $33,660. Even though there’s no way of telling how competitive this car would be (in truth, probably a rear-of-the-pack runner), it represents great value, as to build it again would cost probably three times this price. Well bought as a good starting point for a number of pre-1966 race series that accommodate Bs, or just enjoy as a road rally/track day car. #121-1967 MORRIS MINI 850 2-dr Battery cover is off, so it presumably needs a jump. Cond: 3. SOLD AT $56,100. Fair money for a sound and nicely lived-in old thing with matching numbers. Compared with some dealers asking twice the money for notsignificantly-better cars, rather well bought. #104-1962 MORRIS MINOR 1000 con- vertible. S/N MA253978107. Eng. # 96513. Red/black vinyl/red vinyl. RHD. Odo: 14,477 miles. Original and a bit dusty, especially inside. Mileage claimed genuine. Seat vinyl is added. Cond: 3. SOLD AT $4,773. Offered at no reserve and just about clambered up to this fair price. When it sold for $6,958 at Silverstone’s Race Retro sale earlier in the year (SCM# 196805), we said, “Everything here was repairable, but there’s probably $5k of body and paint required, leaving you with no upside at this price.” So it cost about $2k to own it for three months. good, top is poor but cheap to replace. Carpets are worn and faded. Cond: 3. SOLD AT $9,116. Offered at no reserve and sold to a lady bidder in the room for a market-correct price. #159-1964 MGB racer. S/N GHN3. Pale blue/white fiberglass/black velour. Odo: 2,286 miles. Pull-handle B made into a racer from a road-rally car a while ago (seat belts were out of date after 2007) but never campaigned. Straight, clean and rot-free. Works-type hard #102-1967 MORRIS MINOR Traveller woodie wagon. S/N MANS1194951M. Eng. # 272824. Pale blue/gray vinyl. RHD. Odo: 92,860 miles. Fairly straight and tidy and with obvious rust, following structural rebuild in 1991 and a further restoration in 2003. Now with one scuff on fender. Timber (which is SpeedPilot, but pair of Heuer clocks on the dash is a bonus. Cond: 2. SOLD AT $12,272. This initially failed to attract a sufficient offer, despite Humbert’s exhortations (“£6,000? I can’t believe it!”), but it was later declared sold at the slightly higher number above. A serious collector would regard this as a bit of a wasted effort, but it will fool quite a few of the people; probably enough upside here to correct the details and make it into a Mk II replica, from the time when Works was racing Minis rather than rallying them. #153-1969 JAGUAR 420G sedan. S/N G1D6535BW. Eng. # 70595818. Blue/blue leather. RHD. Odo: 44,304 miles. 420G is the updated Mk IX, and Galaxie-massive. This example is straight and rot-free, with good sills and floors. Nice brightwork with rechromed or repro bumpers. Leather could be original, only lightly creased; good dash ve- sedan. S/N MA2S4S490542. Red/red vinyl. RHD. Odo: 93,285 miles. Shiny from 10 paces but closer up, bubbles visible in the 10-yearold repaint. Has had floor and rocker patching and still needs one rocker, though rot has not yet crept up body sides. Interior vinyl original and good; wood dash and steering wheel #117-1969 AUSTIN MINI 1000 Mk II 2-dr sedan. S/N N/A. Eng. # RR1310127116TM. Red & white/black vinyl. RHD. miles. Slightly oddball entry. Late Cooper built to replicate an earlier Mk1 car’s Monte spec. (By 1969, the Abingdon Works wasn’t running Minis on the Monte.) Very clean and tidy aside from where driver’s door was swung too far. Minilites too wide for the period and only a single SU. You can change to the earlier, small taillights easily enough, but changing the wider back window is harder work, so it gets left, as here. No Halda structural on these) looks in good shape, with no rot or filler. Has been upgraded with telescopic shocks all round (originally lever-arm) plus front disc brakes and a servo. Cond: 3. SOLD AT $5,961. In this ownership since 1968. Offered at no reserve and sold online for market-correct price. 132 neer. Clean engine bay, carbs and intake shiny and polished. On slightly oversized tires. Good history. Cond: 2-. SOLD AT $31,907. This is the sort of car you want to buy: good history and through the hands of reputable dealers from time to time in its lowish mileage. Bidding was slow to get going, and rose to just enough to secure it. Well bought, and could be retailed for more. Sports Car Market

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Silverstone Northamptonshire, U.K. #141-1969 LOTUS ELAN Series 4 SE convertible. S/N 458707. Eng. # L181858. Yellow/black vinyl/black vinyl. RHD. Odo: 15,249 miles. Restored on a new chassis. Paint not very old but with a few sink marks. Interior seat vinyl and timber dash very good, plastic chrome coming off the eyeball air vents in the middle of the dash. Cond: 2+. SOLD AT $76,261. Got close to the auctioneer’s $68k bottom estimate and didn’t look pricey for a top Interceptor, especially at around half what the similar AC 428 runs you for—which is about what this one cost to restore. Probably marginally easier to live with, too. Well bought. although door trim slightly worn, as usual. Recent engine refresh, new top, refurbed wheels and sold with an original owner’s manual. Cond: 3+. SOLD AT $27,891. The S4’s Twin Strombergs keep value down a little, but this was still a relatively good deal, against a rather hopeful estimate of $31k–$38k. #131-1970 JAGUAR XKE Series II 4.2 2+2 coupe. S/N 1R35842. Eng. # 7R399899. Black/gray leather. RHD. Odo: 38,796 miles. Beautifully restored and several notches above the average, although choosing the unloved 2+2 as a starting point is unusual. Straight body and good chrome and paint, and the funeral color does hide the shape a bit. Recent perforated leather, concours engine bay, new car was listed as unsold on the final results sheet. Finding one of these unmolested (well, the arches are period) and undrilled for a cage is a rare thing, so let’s hope this one stays that way. The offer should have been enough to buy it, and it’s already too valuable to make into a rally car, when you can start with a much cheaper little-old-lady 1300XL automatic donor instead. #161-1971 LOTUS EUROPA Twin Cam coupe. S/N 1098P. Eng. # V25332. Red & white/black vinyl. RHD. Odo: 92,306 miles. “Poor man’s GT40” in good order. No star chips in body, good door fit and shut action. Original interior holding up well. Chassis rebuilt by Lotus specialist Spyder and looks sharp on adjustable spring platforms; no leaks from Ford motor or Renault transaxle. Only #109-1977 ROLLS-ROYCE SILVER SHADOW sedan. S/N SRH26600. Willow Gold/brown vinyl/beige leather. RHD. Odo: 56,858 miles. Nice to see this still with small bumpers and narrow arches. Straight, with fair paint and no rot in the rear wheelarches. Chrome coming off right of rear bumper. Everflex roof in good order. Appealingly lived-in interior. Floor mats almost worn through but have saved the carpets underneath. Mileage supported by old MoTs. Cond: 3. SOLD AT $8,240. Offered at no reserve. Humbert struggled to get bids started at $6k, but I think this was better than just an old smoker. Buyer got a bit of a deal here. stainless exhaust. Cond: 2+. NOT SOLD AT $69,288. Slightly unusual because the low market price of 2+2s has meant there’s no upside in restoring them, given that they cost the same or more to do than the more elegant coupe. It appeared to sell at the above provisional bid, but I guess it wasn’t enough after all. Even though that figure only covers the cost of the parts used to restore it, I would have taken the money, which is absolute tops for a 2+2. #126-1971 FORD ESCORT RS1600 2-dr sedan. S/N BFATKR23313. Eng. # HE1548. Yellow/black vinyl. RHD. Odo: 68,100 miles. Good clean restoration of original car that grew Works-type bubble arches some time early in its life, but retains nice detail such as original jacking point brackets. On real period Minilites. Interior vinyl all perfect and unmessed with. Original 4-speed gearbox supplied with car. Cond: 2+. NOT SOLD AT $45,422. The pre-sale “commission bid” was accepted provisionally after no bids in the room, but it evidently wasn’t enough, as the 134 aberration is the chin spoiler, but with all the important stuff in order, that’s a detail. Cond: 2. SOLD AT $17,531. The Twin Cam has a lower rear deck than the earlier models, so you can actually see out the back of it. This sold for about what the motor is worth, and for probably far less than it cost to get it to this state. A great buy for a great car with no obvious issues. #138-1976 JENSEN INTERCEPTOR III coupe. S/N 1790. Green/tan leather. Odo: 25,381 miles. Sharply restored and sensitively upgraded, and comes with a hardbound book detailing the job. Very straight. Nice paint and crisp sill-to-floor joints. Inside, leather is only lightly creased, and worst nit to pick is the #144-1984 TOLEMAN TG-184-2 racer. S/N 02. Eng. # 415T44WR. White/black plastic. MHD. The car in which up-and-coming star Ayrton Senna pulled off an amazing run at Monaco, climbing from 13th to 2nd in the rain before the race was stopped. Unrestored, unscuffed and in generally good order, though no idea of hours on the 1.5-liter Hart turbo motor. Given to Toleman driver Stefan Johansson in lieu of salary and sold to the vendor in 1994; appeared at Goodwood Festival of Speed in 2001. Cond: 3+. NOT SOLD AT $804,841. Toleman was one of the last of the independents in F1 racing, thanks to the enthusiasm of transport magnate Ted Toleman. The DNA survives today in the current Lotus team, via Benetton and Renault. Pre-sale, Silverstone boss Nick Whale told me that the vendor was looking for “around a half-million” (British pounds, that is, equivalent to $796k). But de- Sports Car Market

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Silverstone Northamptonshire, U.K. spite an apparently satisfactory bid, and despite Silverstone staff’s optimism that a deal would be put together post-sale, it wasn’t to be. #120-1992 VAUXHALL LOTUS CARLTON sedan. S/N SCC000019M1242380. Eng. # 30M70340. Imperial Green/black leather. RHD. Odo: 114,396 miles. Vauxhall (and Opel) Carlton was the bonkers twin-turbo saloon engineered by GMera Lotus, using a bored-out inline-6 that could propel it to nearly 180 mph and needed a Corvette 6-speed to contain the 419 lb-ft of torque. Only 320 right-hand-drivers were made, reportedly, and all this color. This example was one owner from new but fairly better than you’d see on an original. Cond: 3+. NOT SOLD AT $47,812. Noble chassis number 086 indicates this was the last P4 rep built before the company moved on to modern supercars. No real interest, or as Humbert put it while waiting for the above opening bid, “It’s bugger all, take it or leave it.” tatty, with a couple of blisters and dings in the body, scuffed plastics and some surface rust underneath. Full service history. Cond: 3. SOLD AT $15,778. No real interest on the day at the £9,000 suggested jumping-off point ($13,776) but later declared sold for that figure plus 10% commission. Since this carried with it an air of possibly generating some bills soon (and with this level of performance, everything has to be right), I’d say fairly sold. A wild ride for the money, though. #107-1995 JAGUAR XJS 4.0 Sport coupe. S/N SAJJNKED3EP192712. Graphite Mica/gray leather. RHD. Odo: 13,321 miles. A cut above your average slightly rusty old XJS: straight, shiny, clean, unscuffed and tidy, partly a result of the low mileage (really 16,000 after a speedo change, which was originally in km), due to its having been off the warranty attached to car. Cond: 1-. NOT SOLD AT $231,093. The rumor mill has it that secondhand sales are suffering, with the company already having to buy a couple back, and here it could not reach its $255k lower estimate. An F1 it’ll never be, but perhaps its predecessor has left unrealistic customer expectations—a huge set of boots to fill. GERMAN #156-1970 PORSCHE 911T coupe. S/N 9110100816. Eng. # 6107429. Viper Green/black vinyl. Odo: 64,337 miles. The 2.2 911T is a famously smooth and torquey engine, and this one has the 5-speed. U.S.- road 2004–11. No apparent rot in the structure, and leather only slightly creased. Cond: 2. SOLD AT $20,719. No major interest on the day, when auctioneer Humbert was looking for £10k to start, but later declared sold at £13,000. This is big money for the model, but the 4-liter is the easiest to live with—and it’ll be hard to find another in this condition. #146-1996 FERRARI P4 Noble replica racer. S/N N/A. Red/black leather. RHD. Odo: 136 Sports Car Market #134-2011 MCLAREN MP4-12C coupe. S/N 000076. Eng. # 38JBAA110113. Graphite Gray/black leather. RHD. Odo: 2,150 miles. The first MP4-12C to be offered at auction. Like new, and hasn’t had time to get scuffed or careworn. The latest factory updates including parking sensors at both ends, plus red calipers and dash stitching, if that matters. Three-year 19,136 miles. Good-looking and well executed P4 replica, though Ford 4-banger is an odd engine choice. Body fit and finish probably market car with shiny (claimed bare-metal) repaint in original color and looks solid underneath, but body color blown all over the floorpans never lends confidence. There’s also some red overspray on some brightwork, and door fit is a little out. Clean and tidy inside; headliner and front seat vinyl has been redone. Motor clean underneath, with heat exchangers in good shape. Cond: 2-. SOLD AT $34,887. A bidder in the room and one online pushed this to £19,500. When it stalled there, Humbert declared that £19,800 ($30k) would buy it, imploring the screen to come to life. Eventually he said he’d settle for £19,750, which was forthcoming in the room, when the online bidder pipped it for £19,800. Fairly bought, and if it’s as solid as it appears, it moves into “good buy” territory. #150-1973 PORSCHE 911 Carrera RS 2.7 Touring coupe. S/N 9113600428. Eng. # 663600428. White/black velour & vinyl. Odo: 30,195 km. Straight, clean, and near perfect following recent resto by RS expert Marc De Siebenthal in Switzerland. Swiss-registered, although the Italian inspection stickers date from the end of December 2011. Originally a German market car, it was supplied with sport seats, retractable seat belts (now has harnesses and a cage), heated rear window and LHD. Cond: 1-. SOLD AT $326,080. I drove this car just a few months ago when it was for sale at Legends, asking $335k, and I was under the impression that it subsequently sold. This time it found a new owner in the room for $9k less than that asking price, so it looks like someone took a haircut. Today’s market price for a very nice Touring RS. #147-1982 PORSCHE 911SC Ferry Porsche Special Edition coupe. S/N WPOZZZ91ZCS100410. Eng. # 63C0661. Meteor Metallic/burgundy leather & berber cloth. RHD. Odo: 65,954 km. Straight, tidy, and reportedly never restored or repainted. Alloys unscuffed. Seat leather lightly creased, commensurate with indicated mileage. Oil

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Sports Car Market Subscribe Today Keith Martin’s The Insider’s Guide to Collecting, Investing, Values, and Trends For 25 years, Keith Martin’s Sports Car Market has been the informed, authoritative voice of the collector car hobby. IN EVERY ISSUE • Over 200 Cars that have sold at auction are analyzed by our experts—nobody covers more cars at more auctions • Crossing the Block gives you the where, when and what of the collector car hobby—SCM has the most detailed previews and calendars available Subscribe Today for $65 and you’ll receive 12 issues, PLUS we’ll include two pocket price guides each year. • Market Reports give you the total sales, the top 10, and the best buys of the month—our buy/sell/hold recommendations are a must for any informed collector • In-Depth Profiles of the cars you need to be paying attention to—our experts tell you if they were well bought, well sold, or both www.sportscarmarket.com/offer65 877.219.2605 ext. 1 PO Box 4797 Portland, OR 97209

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Silverstone Northamptonshire, U.K. pipes newish, heat exchangers OK. One of 200 Ferry Porsche Special Editions built. Cond: 2-. SOLD AT $35,413. Originally supplied to Hong Kong and thought to be one of only two RHD cars made. Fair money for a rare right hand drive special model as Europeans look to very original and very clean 911SC cars as the next big thing. #139-1984 PORSCHE 911 RSR replica coupe. S/N WP0ZZZ91ZES1010202. Eng. # 006599. Silver/black velour. RHD. Odo: 112,117 miles. RSR lookalike (“replica” is a bit too kind) built on a 3.2 Carrera. Sits a little high. Straight and clean with lots of new metal. Wears 3.6 badges and has later injection setup, so I assume the motor is from a 964 or Eng. # 63J04616. Black/black leather. RHD. Odo: 106,539 miles. Straight and looks OK following repaint in original color five years ago. Minor corrosion in the door shuts means the kidney bowls have likely gone, which is a few thousand per side to put right. Less seriously, the leather is worn and the seat piping has gone through. Engine, heat exchangers and oil pipes look in good shape. Cond: 3-. SOLD AT $25,420. Really nice Carrera 3.2s are hardening slightly, but this very average car wasn’t one of them. Sold on the phone for fairly strong money for condition. ITALIAN #113-1972 ALFA ROMEO GTV 2000 coupe. S/N AR2410899. Red/black vinyl. RHD. Odo: 75,767 miles. Straight car. Older windows-in repaint now shows a few chips at door and fender edges, and a few bubbles in front fender bottoms—which will be much worse on investigation. Stiffened-up suspension, thanks to Alfaholics fast road kit. Interior it an MoT, which should be a formality. Cond: 2-. SOLD AT $47,334. Sold on the phone, and no doubt destined for continental Europe, even though the pound has hardened slightly against the Euro in the past few months. There are cheaper cars on the market, although not with this low mileage and correspondingly good overall condition. Correctly bought. #128-1999 FERRARI 456M GT coupe. S/N ZFFWP44B000115189. Eng. # 52487. Silver/black leather. Odo: 50,844 km. German-supplied Modificata. Straight, shiny and unscuffed, almost like new. Generally unworn interior. Recent $7k service under its later. Engine dry underneath with new heat exchangers; oil pipes OK except one slightly dinged at front. Has alloy roll cage. Cond: 3. SOLD AT $33,660. It’s a shame to see such boy-racer fripperies on a decent 3.2 Carrera—the best examples of which are hardening slightly now—but what’s done is done. Sold for about the price of a top 3.2, so the seller most likely lost money. #133-1988 PORSCHE 911 Carrera Sport coupe. S/N WPOZZZ91ZJS103249. good, with leather replacing original seat vinyl and correctly matte dash, although dash top has one split. Cond: 3. NOT SOLD AT $27,412. High bid was a big number for a GTV in this condition, even a 2-liter. It did appear to sell across the block, but something evidently went wrong, as it was not included in the final sales results. #151-1989 FERRARI 328 GTS Targa. S/N ZFFWA20B000080246. Red/black fiberglass/black leather. Odo: 30,688 km. German-market car, though in U.K. since 1996. Shiny paint is possibly original, as mileage is low and leather hardly creased. Cam belt done before sale but no time to get belt. Cond: 1-. SOLD AT $58,204. This took ages to get to the winning bid in £200 increments, but provided a bit of action on a slowish day, with interest from German and Dutch buyers. Correctly bought. AMERICAN #143-1965 CHEVROLET CORVETTE racer. S/N N/A. Gold/red leather & vinyl. 396-ci V8, 4-bbl, 4-sp. 396 of unknown spec. Beautifully prepared big-block racer still retaining much of its original interior. Charmingly, uses a ’59 Caddy tailfin light as an oil pressure warning. Pretty good body fit and finish for a racer. Cond: 3+. NOT SOLD AT $95,624. But it was never raced. There didn’t seem to be any serious interest here, and the seller would need at least $100k to get his money back. Might as well race it. © 138 Sports Car Market

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Roundup Selected Sales Combined in One Comprehensive Report Highlights from Silver Auctions Spokane and Novi Spring Classic Car Auction Silver Auctions ENGLISH #143-1969 JAGUAR XKE 2+2 coupe. S/N 1R40911BW. Brown/tan leather. Odo: 9,336 miles. Windows-in respray in original brown. New chrome bumpers, excellent stainless, chrome wire wheels. Gaps bad in places. Interior replaced in tan leather, driver’s seat badly rubbed and stained. Engine bay dirty, some random wires, no leaks. Cond: 3+. SOLD AT $12,300. 5,326 of these 2+2s were 2006 Maserati Quattroporte saloon — $30,100 Company: Silver Auctions Location: Spokane, WA Date: May 9, 2012 Auctioneers: Mitch Silver, Dan Shorno, Brady Hammrich, Jake Sanford Cars sold/offered: 99/164 Sales rate: 60% Classic Motorcar Auctions Sales total: $1,339,850 High sale: 1948 Chevrolet street rod, sold at $48,100 Buyer’s premium: $200 on the first $3,999, $300 from $4,000 to 7,999, $400 from $8,000 to $13,999; $500 from $14,000 to $19,999; $600 thereafter, included in sold prices Report and photos by Jack Tockston made 1969–71, and they are slowly rising in value as mint two-seat versions head toward the century mark. The unappealing color and slushbox led to a predictable result, with a selling price about half the low estimate. A candidate for a quality respray in red or black, a thorough detailing, and some leisurely touring as it slowly appreciates. Well bought and sold with a vigorous nod to the new owner. Silver Auctions, Spokane, WA, 05/12. #621-1988 AUSTIN-HEALEY 3000 rep- lica roadster. S/N 66188. Blue/black vinyl. Odo: 392 miles. Sebring kit car, looks somewhat like a Cobra. Has 302 Ford engine, carbureted. Paint color and scheme look right on 1973 Volkswagen Thing — sold at $9,388 Company: Classic Motorcar Auctions Location: Novi, MI Date: April 21–22, 2012 Auctioneers: Dennis Wisbey, Chip Lamb Cars sold/offered: 54/142 Sales rate: 38% 140 Sales total: $917,438 High sale: 1965 Chevrolet Chevelle Z16 replica convertible, sold at $72,900 Buyer’s premium: 8%, included in sold prices Report and photos by Patrick Campion it, but stripes are inconsistent, with jagged edges where tape pulled away. Cheap aftermarket floor-mounted shifter. Interior in pretty good condition. Wears $2,000 worth of rims and tires. Cond: 3+. SOLD AT $16,200. Went through early on Saturday. Not a whole lot of action. Seller lifted reserve to sell it. Not an investment, but not a bad deal compared to a Cobra kit. Classic Motorcar Auctions, Novi, MI, 04/12. Sports Car Market

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Roundup GERMAN #695-1962 MERCEDES-BENZ 220SEB 2-dr hard top. S/N 1102110025091. White & gray/red vinyl. Odo: 23,546 miles. Car presents well. Older paint is faded in several areas. Some rust starting to bubble around wheelwells and rear quarters. Interior in good condition, showing its age. Glass is all good. Equipped with desirable 4-speed manual. Cond: 3-. NOT SOLD AT $15,000. The car’s third no-sale appearance at a CMA auction in bought, and a sure hit at the beach. Silver Auctions, Spokane, WA, 05/12. #817-1969 VOLKSWAGEN BEETLE 2-dr sedan. S/N 59050. Blue-green/white, vinyl. Odo: 8,296 miles. A very nice driver. Recently restored inside and out, with good attention to detail. Has custom bumper inserts two years. It was bid to $13,000 in Canton, September 2011, when we described it as “a desirable package with some issues” (SCM# 186061). Then, at the Akron sale in March 2012, it appeared with a painted roof and wide whites, which we called “moving in the right direction” (SCM# 197664). We said the $20,000 high bid there was “a little light,” but perhaps it’s just time for the seller to let it go. Classic Motorcar Auctions, Novi, MI, 04/12. #49-1967 VOLKSWAGEN BEETLE 2-dr sedan. S/N 117802620. Purple & black/black vinyl. Odo: 89,935 miles. Purple metallic paint with shiny black sides below stainless trim strip. Straight panels. Stock steel wheels and hubcaps, WSW tires. Vintage roof rack with surfboard, nice chrome bumpers with over-riders. Stock engine clean. Cracked windshield. Driver’s handle inoperative. Wicker shelf under dash, nice original seats pletely off. Low miles. Cond: 2-. SOLD AT $9,388. Bidding started low, then approached $8k, and the reserve was lifted. At first I thought it was a seller’s win, but after talking to buyer, he was elated at the deal. While the SCM Pocket Price Guide shows good Things at $14k–$22k, cars in this condition run more like $6k–$7k. Classic Motorcar Auctions, Novi, MI, 04/12. and dash, headliner shredded, holes in rear side panels, plastic visor stays missing. Cond: 3-. SOLD AT $6,600. This sparkled with careful maintenance and individual taste on the outside. Inside, not so much. Still, with a bit of fettling, overhead vinyl and maybe a California rake, this could be someone’s object of pride. Obtained well under the SCM Pocket Price Guide’s $7,500 low estimate, with room to address mentioned needs. Well 142 #41-1973 VOLKSWAGEN TRANSPORTER minibus. S/N 2332070557. Orange/white camper top/tan vinyl & cloth. Odo: 9,664 miles. Resprayed with windows in using original orange. Large flat panels slightly wavy. Weatherseals mostly dead and falling away. Glass good. Dusty engine appears stock, starts easily, doesn’t smoke. Interior has attractive new tan vinyl seating with plaid cloth inserts. Dash missing speaker covers; three-pod gauge cluster sitting loose on top. Westfalia conversion equipment looks Sports Car Market and Empi spoke rims. Cond: 2. NOT SOLD AT $5,500. It would probably take at least $7k to buy this nice bug. Seller was right to hang onto it. Classic Motorcar Auctions, Novi, MI, 04/12. #836-1973 VOLKSWAGEN THING 4-dr convertible. S/N 18325. Yellow/black vinyl/black vinyl. Odo: 5,404 miles. Unrestored car. Original paint, nice new top. In nice condition for age. Amateur touch-up starting to show around wheelwells. With roll cage, hinged window, and the top comes com- serviceable. Cond: 3. SOLD AT $7,900. Westfalia-converted VW camper vans have been bringing some impressive numbers at auction, but this example looked like a project that ran out of steam. Well bought and sold considering condition. Silver Auctions, Spokane, WA, 05/12. #816-1983 PORSCHE 911 cabriolet. S/N WP0EA09505160559. Guards Red/black canvas/black leather. Odo: 97,927 miles. Alloriginal with lots of miles, but paint and interior in excellent condition. Interior missing several trim pieces. Modified sound system, big Porsche alloys. Cond: 2+. NOT SOLD AT $18,000. Nice, appealing car, but considering the high mileage, the high offer was plenty. Seller should have let it go. Classic Motorcar Auctions, Novi, MI, 04/12. #157-1996 MERCEDES-BENZ SL320 convertible. S/N WDBFA63F2TF139475. Smoke Silver/tan leather. Odo: 98,017 miles. Nice paint, doors still “thunk.” Electric antenna stuck halfway down. Glass good. Hard top present, condition of ragtop unknown, folding roll bar in upright position. Interior holding up well despite miles. Wears AMG

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Roundup wheels with newer rubber. Cond: 3-. SOLD AT $8,200. I managed a Mercedes store in the ’90s, and buyers sought the V8 SL500 rather than this $78,000 (base) straight-6 version. (To save 20-large, one of my customers switched his “320” trunk emblem for “500.”) Mid-market result here, fair both ways. Silver Auctions, Spokane, WA, 05/12. #606-1997 MERCEDES-BENZ SL500 convertible. S/N WDBFA67F3V147646. Dark blue/dark blue, cloth/canvas/parchment leather. Odo: 78,000 miles. Nicer-quality driver. Original paint with several blemishes. Interior shows light wear commensurate with and in great condition. Interior needs a freshening, including seat covers, carpet, door panels, etc. One of the stars of the auction. Cond: 2-. SOLD AT $32,400. Bidding was strong with lots of serious interest, but the initial high offer of $30k was not enough. It later sold via the “still for sale” lot. Classic Motorcar Auctions, Novi, MI, 04/12. #842-1956 FORD FAIRLANE Victoria dition. Aftermarket radio detracts from originality. One of the few Ferraris at the auction. Cond: 2+. NOT SOLD AT $30,000. After failing to sell across the block, the car was listed at an asking price of $35k. High offer was realistic, considering the mileage. Classic Motorcar Auctions, Novi, MI, 04/12. #78-2006 MASERATI QUATTRO- miles. Wears AMG chrome rims. Cond: 3-. SOLD AT $10,260. One of the first cars to go through on the first day of the auction. Not a whole lot of interest in this car. Bidding stalled at $7,900, and the seller would not lower his reserve, but a deal eventually came together. Well bought. Classic Motorcar Auctions, Novi, MI, 04/12. ITALIAN #838-1981 ALFA ROMEO GTV6 coupe. S/N 2ARAA6693. Red/black vinyl. Odo: 104,348 miles. A definite 20-footer. Trim pieces are all faded and need replacement. Paint appears original and is showing its age. Interior also original and showing its age, with Glovebox door loose. Cond: 2+. SOLD AT $30,100. This low-mileage luxo-sedan sold for $76,600 less than its MSRP, and $12.5k under low estimate. Yes, you read that correctly. Its presence here added to the eclectic vibe of Silver’s auctions, and its depreciation rate makes lesser marques look like bargain investments. Silver Auctions, Spokane, WA, 05/12. AMERICAN #637-1934 FORD SPORTS CUSTOM “Roeder” roadster. S/N SW98263PA. Red/red & white. Odo: 41,996 265-ci V8, 3x2bbl, manual. Period custom build by sheet metal finisher Robert Roeder of Emmaus, PA. Powered by 265 SBC. Paint appears newer one small tear in rear seat. Cond: 3-. NOT SOLD AT $3,100. Little interest here, but high offer was right for the car. Seller held firm to his reserve. Classic Motorcar Auctions, Novi, MI, 04/12. #679-1991 FERRARI 348 TS targa coupe. S/N 2FFRG3G4M0090555. Black/black suede & leather. Odo: 49,000 miles. Paint in very good condition for its age and higher mileage. Interior in excellent con- 144 clean and appears to have all of the original components. One of my favorites at the auction. Cond: 2+. NOT SOLD AT $16,800. Bidding started fast and moved right along, but final offer was not enough to buy the car. This was a nice surviving original car, but despite how much I liked it, there was not a lot of serious interest here. Seller was reasonable to keep it. Classic Motorcar Auctions, Novi, MI, 04/12. © Sports Car Market PORTE saloon. S/N ZAMCE39A360020534. Silver/gray leather. Odo: 48,609 miles. Blemish-free bodywork, tinted windows, uncurbed factory alloys. Engine compartment clean with evidence of recent service. Interior luxurious in immaculate gray leather, jewellike dash, clean carpeting front and rear. 2+. NOT SOLD AT $23,000. Car went through on both Saturday and Sunday, and did not sell. The car sold not long ago for $27,560 at Mecum’s 2012 Kissimmee sale in January (SCM# 200411), suggesting that the seller’s asking price of $30k is a touch high. Classic Motorcar Auctions, Novi, MI, 04/12. #834-1957 MERCURY MONTEREY Turnpike Cruiser 2-dr hard top. S/N 57SL63642M. Coral & white/white & black houndstooth. Odo: 30,743 miles. 368-ci V8, 2-bbl, auto. A sound, all-original example and a real eye-catcher. Looks great from five feet with no significant flaws. Equipped with optional high-performance Turnpike Cruiser option. Engine sounds great, underhood very 2-dr hard top. S/N M6PV172911. Peacock Blue & white/white & blue, vinyl and cloth. Odo: 34,142 miles. Newer restoration. Paint newer with very few flaws. Interior new and in great shape. Windows roll up and down with ease for such an old car. Great attention to detail. Aftermarket air cleaner and carb. Cond:

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eBay Motors Online Sales Have Early Japanese Imports Become Important to the Market? Someone needed to have it and was willing to pay more. But then that’s how the market moves up, right? A question that seems to come up every so often: What’s the next big thing in collecting? Japanese imports (not just the sports cars) from the ’70s and ’80s are more and more commonly discussed. There already are established collectibles such as the 1970–73 Datsun 240Z or the 1960–83 Toyota 40 Series Land Cruisers. However, the Toyota 2000GT is, thus far, the only blue-chip collectible. This month, we’re driving through eBay Motors to see if there is any truth in Japanese cars as the next big market.. 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) by Chad Tyson Market opinions in italics #110887212306-1980 TOYOTA CRESSIDA MX32 4-dr sedan. S/N White/burgundy cloth. Odo: 38,500 miles. 12 photos. Mount Dora, FL. “Cold a/c. All original parts, including hubcaps and floor mats. Car previously belonged to a 105-year-old lady, is very clean and the body lines are every 3k miles. Runs like a champ. Original owner painted the car red, was dark blue. Clean title in hand.” 13 bids. sf 14. Cond: 2. SOLD AT $2,476. Solaire advertised their conversions as an “Instant Classic.” Thirtyone years later, it hasn’t panned out that way. For a rare factory-approved conversion, this didn’t attract any sort of premium. Sold right in the middle of early Prelude market (however small that may be). straight. Garage-kept, no rust, runs great. Mileage is on a five-digit odometer.” 25 bids. sf 11. Cond: 2. SOLD AT $7,100. If this doesn’t show rising values, I’m not sure what will. Toyota’s luxury model of the time, it seems to be nearly as plush as when new. Sold for double the usual market price. Maybe it’s an outlying result; someone needed to have it and was willing to pay. But then that’s how the market moves up, right? Well sold. #290720297951-1981 HONDA PRELUDE Solaire convertible. S/N JHMSN5224BC044492. Red/black canvas/red & black vinyl. Odo: 175,000 miles. 4 photos. Huntington Beach, CA. “Very rare convertible, one of less than 100 that were converted by a Honda-approved Solaire Company out of Santa Ana, CA. New top (missing one latch), custom red/black seats, dark brown dash. Engine and transmission run strong; no mechanical problems at all. Routine oil changes #170848344177-1987 SUZUKI SAMURAI JX SUV. S/N JS4JC51V3H4130777. Gray/gray & black cloth. Odo: 106,035 miles. 23 photos. Marshalltown, IA. “Always rust-free. Clean/clear title and never wrecked. New paint (original color) with original stripes. New 2-inch lift kit, new shocks and 235-75R15 Goodyear A/T tires. Rebuilt engine and transmission. In top condition and needs nothing. Interior is excellent.” 27 bids. sf 46. Cond: 2+. SOLD AT $8,000. I was only. Body is immaculate. Cruise control. AM/ FM radio with cassette and CD player. Head rest speakers (both sides, both seats). Power outside rear view mirrors. Air conditioning. Heater. Electric windows. Windshield washer/ wipers. Power steering, power brakes, auto shift indicator.” Light soiling visible on carpet, barely any wear showing on seats. Best Offer. sf 107. Cond: 1-. SOLD AT $11,500. Exceptional condition and two tops pushed this one to the low end for the (much more attractive) mid-’90s RX-7s. Buy the best you can find, right? Well sold. #270982958577-1989 TOYOTA SUPRA Twin Turbo coupe. S/N JT2MA71L4K0123778. Flat black/blue & black leather. Odo: 109,982 miles. 17 photos. Clifton Park, NY. “It has the full 1JZ twin turbo swap, automatic transmission, incredible satin black paint professionally applied by a top-notch paint shop, breathtaking new two- floored that somebody claimed to restore a Samurai. Many have either been scrapped or heavily modified for off-road use. But it’s amazing what these things will put up with and keep on running. Sold for 50% over top end for these. I don’t think there will be much to work on it for quite some time, so I’ll say well bought. #221029857334-1988 MAZDA RX-7 con- vertible. S/N JM1FC3519J0107232. Black/gray leather. Odo: 21,768 miles. 12 photos. Zionsville, IL. “One owner (purchased 10/15/88). Garaged always, never seen a drop of rain or flake of snow. Driven in summer 146 tone leather interior, ice-cold a/c, power windows, power driver’s seat, power mirror and locks. ” 8 bids. sf 162. Cond: 3+. SOLD AT $7,700. We can’t talk about Japanese cars without having a custom build. This one is mild, as far as those go. A 1JZ twin turbo engine has been swapped in for what was presumably the non-turbo 3.0-liter. Sold between a regular Supra and factory Supra Turbo. Fair deal, even though the seller took a hit in the wallet. © Sports Car Market

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For 25 years, Keith Martin’s Sports Car Market has been the informed, authoritative voice of the collector car hobby. Special Offer: 12 Issues of SCM Plus Two Pocket Price Guides—$65 Subscribe Today Pocket Price Guides Every Year www.sportscarmarket.com/offer65 Call 877.219.2605 ext. 1 NEW! Receive Two August 2012 147

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WHAT’S YOUR CAR WORTH? FIND OUT AT NOW FREE! The world’s largest collector car price guide based on over 500,000 sold transactions from . Updated weekly. collectorcarpricetracker.com

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Mystery Photo Answers Some people show up at a Halloween party, others arrive. — Peter Zimmermann, Bakersfield, CA RUNNER-UP: Ultra- conservative rocker Ted Nugent, the “Motor City Madman,” joins the SCM staff and eagerly completes Publisher Martin’s first assignment for him: “Find a hybrid for the SCM fleet; something with low miles...” — Jon Sloss, via email That poor little V8, as soon as he realized where he was, he did his very best to crawl out. — Al Nelson, Pentwater, MI Pedestrian Impact Safety Regulations? Not my concern…. — Mike Miller, Kennesaw, GA Upon receiving his Subaru 360 — bought sight unseen — Chuckie decided a PENTASTAR 360 would work better. However, there were clearance issues. — David Zussman, Cincinnati, OH Wow! This acid is coming on faster than I thought it would. — Norman Vogel, San Francisco, CA After losing the “Worst In Show Super-Turd Award” by a slim margin last year, Larry vows to take the top honors in Monterey at this year’s Concours d’LeMons. — Leslie Dreist, Troy, MI Cooling system? Who needs a freakin’ cooling system! — Jim Graham, New Canaan, CT Oddly enough, the Outback prototype was called the Outfront, and it was pretty much a nightmare for Subaru. — Jeff Brock, Nashville, TN Yeah, but my previous ride was a Fiat Spider. — Dennis Elwell, Ferndale, WA SCM Subscription Special: Free face painting and hair styling with every renewal. — Mike Buettell, Balboa Island, CA Some clowns aren’t very dis- creet when adding non-original horsepower to their vintage racer. — Frank Boyle, via email The clown misunderstood the ringmaster and tried to jam as many horses as he could into the small car. — Chris Bolz, Eugene, OR The Joker couldn’t wait to try out his newest invention, which he called the Corfiat. — Joe Amft, Evanston, IL Disney, desperate to win back the teen audience, announced this year’s summer blockbuster: “Herbie: Fast and Furious.” — Daryl Pinter, Lake in the Hills, IL This Month’s Mystery Photo Response Deadline: July 25, 2012 Our Photo, Your Caption Be the author of the most accurate, creative or provocative response and receive a Sports Car Market cap. Ties will be arbitrarily and capriciously decided. Fax your response to 503.253.2234; email: myste- ryphoto@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. 150 While most of the neighbors on the quiet cul-de-sac stayed with Facebook from the start, Alex left about a year ago to pursue “other artistic endeavors.” That decision seems to have affected him…. — Ben Fretti, Coral Springs, FL Hey, there’s the Bozo that cut me off yesterday! — Bob Westrick, Hinsdale, IL On weekends, Bozo lets his hair — and nose — down and wreaks havoc with the other supercharger clowns. — Tom Taylor, West Linn, OR Longtime SCMer — and occasional contributor — Peter Zimmermann wins a slightly torched SCM hat for capturing the spirit that SCM Managing Editor Jim Pickering hides so carefully most of the time. © Comments With Your Renewals Just keep mailing your damn car rag — and wipe that smirk off your face. — Scott Photo, Portland, OR Would like to see more coverage (pictures) of the concours. Always look forward to each issue. — David Boos, Alhambra, CA Keep up the good work. — Ronald Collins, Palm Beach Gardens, FL My favorite! Especially enjoy writing of Thor Thorson. — Bruce Miller, Alamo, CA. Bruce, we love Thor’s writing as well — KM Could you put a ’69 COPO Camaro in your price guide? Not same as Yenko! — Chris Fredrick, Clarksville, MD I read every single word. Absolutely love your magazine. — Ian Cook, Shingle Springs, CA Keep up the good work. — Jack Adrian, Villa Park, CA Send out hats for upgraded memberships. I’m asked at every auction where I got my Pig Inspector hat. — David M. Berkstresser, Mesa, AZ Great Magazine! — Gary Willett, Yorba Linda, CA My favorite magazine to read each month! — Andrew Cohen, Lakewood Ranch, FL Always very interesting and enjoyable! Thank you! — Charles Hervey, Clackamas, OR Great auction coverage. — Jerry Boone, Colleyville, TX My favorite. The best car maga- zine ever! — Tony Bento, Boynton Beach, FL Still the best coverage! My faves are alloy coachbuilt cars, 1930s,1940s, 1950s racers — keep covering bikes, too! Thanks! — Ken Bohn, Louisville, KY Sorry I missed the renewal last November. I blame everything else on trying to recover from the house fire, so why not this? — Bill Barnett, Zanesville, OH Sorry to hear about your bad luck, but we’re glad you’re back with us. — KM And thanks to all of you for your thoughtful comments and your renewals. — Keith Martin Sports Car Market

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SCM Showcase Gallery Sell Your Car Here! Includes SCM website listing. Showcase Gallery Full-Color Photo Ad Just $66/month ($88 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. Email: Send photo (300 dpi jpg) and text, or text only, to classifieds@sportscarmarket.com. We will call for your VISA/MC. Fax: Attention Showcase, to 503.253.2234 with VISA/MC. Snail mail: 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 1957 Morgan Plus Four 1954 Kurtis 500KK 1967 Austin-Healey 3000 Mk III BJ8 convertible S/N 18124. Total body-off restoration last five years. See SS 100 registry. $295,000. Contact James, Email: james@floridale.com 1962 Austin-Healey 3000 Mk II BT7 convertible A lovely driver that’s been in the same enthusiast’s hands for many years. Solid, razor-straight body, excellent mechanicals. Serviced recently and ready to enjoy. BRG, black interior and top. Well documented. Matthew L. deGarmo Ltd. $43,000 OBO. 203.852.1670, Email: matt@deGarmoLtd.com Web: www.deGarmoLtd.com (CT) 1966 MGB roadster Great history with one owner for most of its life. Superbly restored with minor mods for fantastic performance. Triumph powered with twin Webers; oil cooler; stainless exhaust; Brooklands windscreens; full belly pans. BRG, green leather. None better. $55,000. 203.852.1670, Email: matt@deGarmoLtd.com Web: www.deGarmoLtd.com 1963 Jaguar XKE Series I OTS Fully restored by Classic Showcase, only 850 miles since restoration to a show driver level. Features 5-sp and spectacular stereo system. Remarkable condition, great investment. 760.758.6100, Email: sales@classicshowcase.com Web: www.classicshowcase.com (CA) 1959 Jaguar XK 150S 3.4 OTS S/N EB261808. Yellow/black/Chocolate. 750cc Austin American, 4-Speed. Austin 7 Nippy, 1937, Superfly Yellow/Black fenders w/ Chocolate Leather seats and interior. I spent close to 30 years bringing this beauty back to life. $12,000 OBO. Contact Forrest, 541.855.9646, Email: forrest.hatch@byu.net (OR) 1964 Jaguar XKE 3.8-liter Series I OTS S/N B9470942LRXFE. 36,500 miles. Solid example of a very original, unrestored Tiger. One repaint 30-plus years ago, aging well. Car is an excellent driver or quality restoration candidate. $32,900. Contact Tyler, 513.271.5565, Email: precisionmotorcars@gmail. com (OH) The color combination is an awesome Cornish/French Gray, a first-place concours champion and a beautiful example. An impeccably restored Jaguar, ready for delivery. 760.758.6100, Email: sales@classicshowcase.com Web: www.classicshowcase.com (CA) 152 Completely restored with only 850 test miles. Spectacular sand/tan color combo, 4-sp, Sony stereo. A beautiful matching-numbers XKE for the discerning Jaguar collector. 760.758.6100, Email: sales@classicshowcase.com Web: www.classicshowcase.com (CA) 1937 Jaguar SS 100 2.5-liter S/N 51. Unique Cal Metal Shaping body. Chevrolet 235 w/SCOT supercharger. Spectacular restoration. Eligible for events worldwide. $695,000. 510.653.7555, Email: sales@fantasyjunction.com Web: www.fantasyjunction.com (CA) 1937 Austin 7 Nippy roadster Rock solid car with all original rust-free panels and floors. Early B model with chrome bumpers, pull door handles, overdrive. Comes with original factory hard top. Finished in red with black interior and top. Fully sorted for regular use. A true turn-key car. Matthew L. deGarmo Ltd. $17,500 OBO. 203.852.1670, Email: matt@ deGarmoLtd.com Web: www.deGarmoLtd.com (CT) 1965 Sunbeam Tiger Mk I convertible Red/white. My personal weekend car. Top is excellent. Tires, glass, mechanicals are all good. 83,992 miles. Owned since November 2007. $15,450. Contact Clinton, 203.521.9039, (CT) German 2002 Mercedes-Benz SLK32 AMG S/N WDBKK66F32F251546. Firemist Red/Charcoal AMG Leather. 33,700 miles. Supercharged/Intercooled 3.2 liter, 18 Valve Aluminum V6, 5 spd. AMG Speedshift Driver Adaptive Automatic. Xenon headlamps w/washing system. $20,500. Contact John, 503.449.3044, Email: jlstrange@ comcast.net Web: www.flickr.com/ photos/mbslk32amg (OR) S/N HBT7L15729. Ming Blue/blue w/ off-white piping. This beautiful “Big Healey” has only 8,000 miles on a complete mechanical and cosmetic overhaul. The car was stripped to bare metal and received a professional paint job at California Classics. All the chrome is in excellent condition down to the wire wheels. Many new parts included during restoration. Comes with new top, window inserts, tonneau cover, spare tire, and shop manual. This is an extremely clean car inside and out. There is absolutely no rust, and the undercarriage is very clean as well. A real joy to drive at any speed. Contact Charles, 805.568.1934, Email: eenberg@msn.com (CA) 2000 Jaguar XK8 convertible Sports Car Market

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SCM Showcase Gallery 1956 Mercedes-Benz 300Sc coupe Black/black. Painted 15 years ago. Never restored underneath. Runs good, smokes some. Euro headlights. Car in general 3-2. $215,000. Contact Bill, 918.241.2986, Email: okbooneboro1@aol.com (OK) 1977 Porsche 911 RSR IMSA FIA Race Car V6, DSG 6-Speed Twin-Clutch. Dolomite Gray, Aviator Gray leather. 3.2L V6, DSG trans, Quattro AWD, Audio and Premium packages, original 18x8 Audi wheels, new 18x8 OZ Ultraleggera wheels, new 225/40ZR18 Michelin Pilot Sport tires, new OEM car cover. Exceptional condition, only 18,500 miles. $21,900 OBO. Contact Doug, 630.584.9512, Email: cdjenson@att. net (IL) 1963 Porsche 356B Super roadster other new parts. Smokes a little when first started but looks/drives great. Air-conditioning doesn’t work — took compressor out. Second owner, meticulously maintained and always garaged. $17,500 OBO. Contact Sam, 917.432.7177, Email: reerun@gmail. com (CT) Italian 1974 DeTomaso Pantera GTS 18k km. Perfect, all scheduled maintenance done by Ferrari. $400,000. Contact Marsilio, Email: marsilio.marsillio@gmail.com 1989 Ferrari 328 GTS White/Black. 0 miles. 3.2-liter Twin Plug Slide Valve, 5-spd manual. Porsche RSR IMSA/FIA Vintage Race car. Extensive race history at Daytona, Sebring, Watkins Glen. Complete rotisserie restoration. Zero track miles. ; Fresh and Ready. Tons of photos and details on website. $199,990 OBO. Contact Paul, 714.335.4911, Email: paul@autokennel.com Web: www. autokennel.com (CA) 1970 Mercedes-Benz 280SE convertible Superb original condition with only 7k miles, 3.6L engine, 6-sp, sport seats, Bi-Xenon headlamps and 3-point safety belts. A stylish, street-legal race car. 760.758.6100, Email: sales@ classicshowcase.com Web: www.classicshowcase.com (CA) White/Red. 600 miles. V8 3.5, Automatic. This car is a 280SE 3.5 conversion that has just finished a complete nut-and-bolt concours restoration by The Creative Workshop. It has approximately 600 miles on it since being finished. No expense has been spared to convert a 220 into this perfect 280SE — and to restore the car. Every element of the car has been converted using correct Benz parts. No short cuts. $175,000. Contact Jason, 954.920.3303, Email: Info@ thecreativeworkshop.com Web: www. thecreativeworkshop.com (FL) 2005 Audi TT coupe 1998 Mercedes-Benz SL500 S/N 158372. Recently restored, matching numbers T-6. Runs and drives wonderfully. Excellent power. Taut, responsive chassis. Tool roll and jack. $118,500. 510.653.7555, Email: sales@fantasyjunction.com Web: www.fantasyjunction.com (CA) 2005 Porsche 911 GT3 coupe Authentic factory GTS with same owner since late 1970s, two owners total. Perfect condition in every way. Red, black leather. A few tasteful mods that can easily be brought back to original. $75,000. 203.852.1670, Email: matt@ deGarmoLtd.com Web: www.deGarmoLtd.com (CT) 1986 Ferrari 328 GTB other parts. $875,000. 510.653.7555, Email: sales@fantasyjunction.com Web: www.fantasyjunction.com (CA) Ferrari F40 Immaculate Rossa Red/tan leather. Meticulously maintained two-owner car w/all service records including $9,800 timing belt, tune-up and brake service. Hand detailed inside and out. Must see. $37,900. 847.689.8822, Web: www. thelastdetail.com (IL) 1986 Ferrari 328 GTS S/N ZFFXA19A3G0065045. Black/tan. 58,615 miles. All books, tools and receipts. Full major service. FCA Platinum award. Always in Southern California. $42,500. Contact Bert, Email: lashelford@mac.com (CA) 1968 Lancia Flaminia Super Sport 2.8 3C Zagato Black/tan leather. Original car. Runs and looks great. Ferrari dealer serviced. New tires, Tubi exhaust. All books and tools like new. 41k miles. $38,900. Contact David, 516.946.7771, (PA) Japanese Known history from new. 55000 miles. Always garaged and well maintained. Both tops. Contact Rick, 503.635.9494, Email: harmon.rick@gmail.com 1988 Porsche 911 cabriolet S/N 002116. Freshly restored by Motorsport garage. A car for the true connoisseur combining great style with unsurpassed engineering. Photo documentation. $268,000. 510.653.7555, Email: sales@fantasyjunction.com Web: www.fantasyjunction.com (CA) 1953 Siata 208S S/N TRUWF28N951008271. Dolomite Gray/Aviator Gray. 18,500 miles. 3.2L 154 S/N WPOEBO915JS171568. Great driving car, with many new parts including new top two years ago. Many S/N BS518. One of 37 produced. Exquisite. Carefully fitted with 289 V8. Comes with engine #BS078, 208S transmission, Jaeger instruments and S/N JM1NA3512L0141467. Sunkist Orange/black. 39,063 miles. 1.6-liter DOHC 4-cylinder, Unique Mazda Miata “Sunkist” color car: One of the six different Miatas used by Mazda in 1990 to evaluate paint colors for production. The only bright orange Miata ever made. Documented history. Original paperwork. Restored condition. Runs and drives excellent. $35,000. Contact Sports Car Market 1990 Mazda Miata Factory Color Test Car convertible

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“THIS HAS BEEN THE AUTOMOTIVE MAGAZINE FIND OF THE YEAR” — Mark D. on Facebook American Car Collector is the newest magazine from Keith Martin’s team. We’ll tell you what your collector car is worth — and why. Subscribe to ACC. It’ll knock your big-block off. GET 1 YEAR (6 ISSUES) FOR ONLY $29.95! Go to www.AmericanCarCollector.com/subscribe or call August 2012 503-261-0555 x 1 H GM H Ford H Mopar H Corvette H Race H Hot Rods H Auctions, values, preview, events and more in every issue! 155

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SCM Showcase Gallery Doug, 805.927.5044, Email: gdz@att. net (CA) American 1966 Shelby GT350 H gauges. Gorgeous restoration. $52,600. Contact Andrew, 941.320.9033, (FL) 1967 Chevrolet Corvette Silver/Black. 48,000 miles. 327/350, 4-spd manual. Fewer than 100 miles on a ground-up restoration. Needs nothing. 350hp, 327, 4-speed. Not a wrecked car. In Bellingham, WA. Contact Don, 360.220.6572, Email: crash@grandcentralcollision.com Web: www.grandcentralcollision.com (WA) One of the best survivors we’ve ever seen. Two owners from new, low original mileage. Except for respray 25 years ago, completely original. Beautifully maintained. Runs and drives without fault. Matthew L. deGarmo Ltd. $135,000. 203.852.1670, Email: matt@deGarmoLtd.com Web: www. deGarmoLtd.com (CT) 1996 Chevrolet Impala SS sedan S/N 1G1BL52P1TR112614. Dark Cherry Metallic/Gray leather. 731 miles. 350-ci, Automatic. Excellent 1996 dark cherry metallic Chevrolet Impala SS, with only 719 exercise miles. A new car for the discrimminating Chevrolet collector. All documentation and archival information included. $27,900 OBO. Contact Allen, 847.234.5867, Email: allenseidel@hotmail.com (IL) 1957 Ford Thunderbird convertible 2004 Chevrolet Corvette Commemorative Z06 Fully restored 3-window, fat-fendered, half-ton pickup. Dark green exterior/ black and gray interior. 216-ci inline six and 3-sp manual. Runs and drives like new. Immaculate hardwood bed. Award winner. $31,900. 847.689.8822, Web: www.thelastdetail.com (IL) 1978 Lincoln Continental Mark V 2,500 miles. Original mechanicals, cosmetics and documentation. Number 1,182 of 2,025 produced. 405 hp. Factory carbon fiber hood, decals, striping and interior. $37,500. Contact K. A., 248.626.5500, Email: kal@thepdmgroup.com 1969 Checker A12E Embassy sedan 847.689.8822, Web: www.thelastdetail. com (IL) 1951 Chevrolet 3100 pickup $65,000. Contact Scott, 856.435.0805, Email: rslovett@gmail.com 1979 Chevrolet Camaro Z/28 N.O.M. 350, 4-sp, Crane cam, Edelbrock intake, headers, Flowmasters, twoinch drop front spindles. Rust-proofed when new. Runs, looks, sounds, drives excellent. $7,900 OBO. Contact Don, 413.258.4974, Email: marilynrottweiler@yahoo.com (MA) 1949 Ford Custom convertible Original condition. Second owner since 1966. 83,940 miles. Black, tan LBB top, WWW, many Ford factory accessories. No overdrive. Call for appointment. Must be seen. $22,500. Contact Bob, 781.837.0111, (MA) Highly documented 2,698 original-mile survivor. Museum quality. Wedgewood Blue, Landau roof and leather interior. All original paperwork and history. Must see. $25,900. 847.689.8822, Web: www.thelastdetail.com (IL) 1966 Shelby GT350 replica fastback S/N D7FH3949271065. Seaspray Green/White. 12,100 miles. 312, Automatic. Senior Gold Medallion CTCI car. Over $105k invested. Frame-off restoration, fully documented. AC and E-Bird carburetion with interesting history and picture of original owner. $79,000 OBO. Contact Alan, 425.361.2225, Email: alanbasile@ gmail.com (WA) 1969 Chevrolet Camaro SS 396 coupe Black/blue plaid. Rare Embassy model 9-passenger with folding bench seat. Strong condition 2+. V8 Chevy engine and automatic transmission. Shows 19k miles from Arizona collection. All original in excellent condition throughout. $21,000. Contact Steve, 978.423.3770, Email: scontarino@adamsonindustries.com (MA) 1966 Cadillac DeVille convertible Precise replica, no items missing. 5,500 miles on 1995 complete restoration. Feb. 1995 Mustang Times centerfold. 289 HiPo, 4-sp, posi. Spec sheet and photos available. $44,900. Contact Charlie, 315.821.7819, Email: 3engles@tds.net (NY) 1965 Shelby Cobra replica roadster Long SCCA and VSCCA race history, very competitive small-bore racer in any USA racing group. Five hours on potent 948cc BMC engine, racing trans, tubular chassis, restored fiberglass body, Hallibrand wheels, fuel cell, roll bar, very well prepared and ready to race. See extensive description and clear photos at website. Contact Marc, Email: neclassics@aol.com Web: www.newenglandclassics.com/cars/ NE-1959-19 1992 Ferrari F1 racer Race 1959 Turner Mk 1 LeMans Blue/black. All numbers matching. Completely documented including Protect-O-Plate. 396/350, 4-sp. Enduro Nose, cowl induction, console, Meticulous ground-up restoration with only 990 miles since. Incredible triple black color combo. Truespoke chrome wire wheels, wide whitewall radials. Loaded, a/c and power seat. $51,900. Blue w/white stripes, black leather seats. Contemporary Ford 427 side-oiler, 650 hp, 4-sp. XKE suspension. 4,500 miles. Interesting trades considered. Official car raced by Jean Alesi in South Africa, Brazil, Monte Carlo and Silverstone. Contact Marsilio, Email: marsilio.marsillio@gmail.com 156 Sports Car Market

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1966 Pontiac GTO 2-dr hard top S/N 242176Z106310. NASCAR racecar survivor. Raced Grand National, Late Model Sportsman, 1966–79 by H.B. Bailey, Roy Tuner and Herb Houston. Fresh motor, headers, fuel cell, title, street driven. $24,500. Contact Larry, 858.442.1400, Email: bailey2@san. rr.com (CA) 1965 Alfa Romeo Giulia Spider Veloce This is a real Spider Veloce. 1750cc engine in full vintage race trim. Carello rods, Arrow pistons, etc. Limited-slip diff. Call or email for more details. $40,000. Contact Michael, 804.432.4109, Email: mdfatsi@comcast.net (VI) 1963 Lotus 23B S/N 23-5-92. Well-known west coast competitor. Low hours on Groom Twin Cam. CSRG and HMSA log books. Original sales documents. $135,000. Contact David, 916.718.8982, (CA) © August 2012 157

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Auction Companies Artcurial-Briest-Poulain-Le Fur. 33 (0)1 42 99 2056, 33 (0)1 42 99 1639. 7, Rond-Point des Champs-Elysées, 75008 Paris, France. Email: motorcars@auction.fr. www.artcurial.com/motorcars. (FR) Exoticars USA. 908.996.4889, Wil Auctions America. 877.906.2437, Formed in July 2010 as a subsidiary of RM Auctions, the Auctions America by RM team, led by collector car expert Donnie Gould, specializes in American classics, Detroit muscle, hot rods, customs and vintage motorcycles. Consign With Confidence. www.auctionsamerica.com. (IN) de Groot’s Exoticars USA has serviced and restored Ferrari, Maserati and Lamborghini in the NJ, PA, NY region since 1979. We’re passionate about keeping your car fast, reliable, beautiful and authentic. Our mechanical, paint/ body, electronic, machining and fabricating work is unsurpassed and awardwinning. We have specialized equipment and knowledge to service newer and vintage models and everything in between. www.exoticars-usa.com. (NJ) Mecum Collector Car Auction- eers. 815.568.8888, 815.568.6615. The Mecum Auction Company has been specializing in the sale of collector cars for over 23 years, offering an industryleading 5,000 collector cars per year. Watch Mecum Auctions live on Discovery’s HD Theater. Consignment, bidder and event information is available online. 950 Greenlee St., Marengo, IL 60015 www.mecumauction.com. (IL) MotoeXotica Classic Cars & AucBarrett-Jackson Auction. 480.421.6694, 480.421.6697. For nearly four decades, the Barrett-Jackson Auction Company has been recognized throughout the world for offering only the finest selection of quality collector vehicles, outstanding professional service and an unrivaled sales success. From classic and one-of-a-kind cars to exotics and muscle cars, BarrettJackson attracts only the best. Our auctions have captured the true essence of a passionate obsession with cars that extends to collectors and enthusiasts throughout the world. A television audience of millions watches unique and select vehicles while attendees enjoy a lifestyle experience featuring fine art, fashion and gourmet cuisine. In every way, the legend is unsurpassed. N. Scottsdale Rd, Scottsdale, AZ 85251. info@barrett-jackson.com. www.barrett-jackson.com. (AZ) Bonhams. +, +44.207.585.0830. Montpelier St., Knightsbridge, London, SW7 1HH. www.bonhams.com. (UK) Bonhams. 415.391.4000, 415.391.4040. 220 San Bruno Avenue, San Francisco, CA 94103 www.bonhams.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) Hollywood Wheels Auctions & Shows 800.237.8954, Hosting two auctions a year in beautiful Palm Beach FL, March & December. Offering quality collector cars and personalized service, all in a climate-controlled, state-of-theart facility. Come be a part of the excitement! Check us out at www.hollywoodcarauctions.com... Where Collectors Collect! See You On The Block! Gooding & Company. 310.899.1960, 310.899.0930. Gooding & Company offers its international clientele the rarest, award-winning examples of collector vehicles at the most prestigious auction venues. 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, the recordsetting Scottsdale Auction in January and a world-class auction at the Omni Amelia Island Plantation in Florida in March. 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) Palm Springs Auctions Inc. Keith McCormick. 760.320.3290, 760.323.7031. 244 N. Indian Canyon Drive, Palm Springs, CA 92262 A family-run auction house producing two large classic cars auctions per year. McCormick’s Palm Springs Auctions has been in business for over 25 years, and each auction features over 500 classics & exotics. www.classic-carauction.com. (CA) tions. 866.543.9393, After 24 years of selling classic cars, MotoeXotica has branched out with classic & exotic car auctions. MotoeXotica currently has auctions in St. Louis, MO; Springfield, MO; and Phoenix, AZ. Combining some of the industry’s lowest entry fees and commissions MotoeXotica is poised to keep expanding while maintaining superior customer service. Contact MotoeXotica today at 866-5439393 or online at www.motoexotica.com. Worth the trip! eBay Motors. List your car for sale. $0 insertion fee. $60 listing fee if vehicle sells for under or at $2,000, $125 if it sells for over $2,000. Visit the “Services” section on www.ebaymotors.com for more details. auction industry. Their unsurpassed customer service and fast-paced twolane auction ring makes them a leader in the business. Leake currently operates auctions in Tulsa, Oklahoma City, Dallas and San Antonio. Visit them online at www.leakecar.com or call 800.722.9942. Dallas — November 16–18, 2012 at Dallas Market Hall Russo and Steele hosts two recordbreaking auctions per year; Monterey, CA, every August and Scottsdale, AZ, every January. As one of the premier auction events in the United States, Russo and Steele has developed a reputation for its superior customer service and for having the most experienced and informed experts in the industry. www.russoandsteele.com. (AZ) Santiago Collector Car Auctions. 405.475.5079, 501 E. Britton Rd., Oklahoma City, OK 73114. Rocky: rockydb5@sbcglobal.net. (OK) Silver Auctions. 800.255.4485, Silver Auctions isn’t successful because we auction the most expensive cars, we’re successful because we auction the cars that you love. Silver Auction’s staff, bidders and consignor are everyday people with a passion for Nostalgic and Collector cars. Come see the difference at Silver Auctions. 2020 N. Monroe, Spokane, WA 99205. silver@ silverauctions.com. www.silverauctions.com. (WA) Specialty Auto Auctions and Sales. 800.901.0022, Established by Bruce and Helen Douglas in 1987. Based in Colorado and doing auctions in Colorado, Nevada and South Dakota. This year we will join forces with Hot August Nights and B & T Custom Rods for two sales in Nevada. We will also be working with Automania for sales in South Dakota. For personalized service contact us. www.saaasinc.com. (CO) Worldwide Auctioneers. 866.273.6394, Established by John Kruse and Rod C. Egan, Worldwide Auctioneers — vintage motorcar specialists — 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. (IN) Tom Mack Classics. 888.TOM. RM Auctions, Inc. 800.211.4371, 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) 158 519.351.1337. With over three decades of experience in the collector car industry, RM’s vertically integrated range of services, coupled with an expert team of car specialists and international footprint, provide an unsurpassed level of service to the global collector car market. www.rmauctions.com. (CAN) 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 Russo and Steele Collector AutoLeake Auctions. 800.722.9942, Join Leake Auction Company as they celebrate 40 years in the collector car mobile Auctions. 602.252.2697, Fax: 602.252.6260. Specializing in the finest European sports, American muscle, hot rods and custom automobiles; Centerline Products. 888.750. ALFA, Exclusively Alfa Romeo for over 30 years — rely on our experi- Sports Car Market

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ence to build and maintain your dream Alfa. Restoration, maintenance and performance parts in stock for Giulietta through 164. Newly developed products introduced regularly. Check our web site for online store, new arrivals, tech tips, and special offers. www.centerlinealfa.com. (CO) West Coast Auto Appraisals. 310.827.8400, Pre purchase, diminished value, total loss settlements, expert witness. Let us be your eyes and ears, friendly and very knowledgeable car experts, muscle cars, street rods, Europeans, full classics, modern day and more. Servicing all of California, nationwide for larger car collections. Member of IAAA and AMA. Check out our web site for a full list of services. www.thecarappraiser.com. (CA) Jon Norman’s Alfa Parts. 800.890.2532, 510.525.9519. 1221 Fourth Street, Berkley, CA 94710. Large selection of parts from Giulietta to 164. Efficient, personal service. www.alfapartscatalog.com. (CA) Appraisals 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 Nicholas Watts. www.steveaustinsgreatvacations.com. attention to detail; knowledgeable staff; servicing all of the collector’s needs. Located in San Diego County. sales@ classicshowcase.com www.classicshowcase.comm. (CA) Hartek Automotive, 319.337.4140, Hartek Automotive is a division of Hartwig Motors Inc., one of the oldest automotive retailers in the Midwest since 1912. Hartek Automotive specializes in the maintenance and sale of sports and prestige automobiles. Their reputation for service continues with a very personalized approach to maintenance of an individual’s daily driver, to the restoration of that special automobile. Hartek Automotive also offers pre-sale or post-sale inspections. Located in Iowa, we are equally accessible for the enthusiast from anywhere. Drive in or fly in...you will find us most accommodating. www.hartekautomotive.org (IA) we have been helping enthusiasts make critical decisions before creating costly mistakes. Whether servicing, buying or selling, your one stop destination for all of your automotive needs, Down to.... The Last Detail! www.thelastdetail.com. (IL) 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) Passport Transport. 800.736.0575, Vintage Auto Posters. Since 1980, 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. Everett Anton Singer has been supplying international collectors with the most diverse selection of authentic vintage automotive posters. The vast inventory runs from the late 1890s through the 1960s; featuring marque, event and product advertising. Please visit us at: www.VintageAutoPosters.com. Buy/Sell/General indiGO Classic Cars. 888.255.5546, indiGO Classic Cars buys individual cars and collections specializing in the purchase of Ferraris, Lamborghinis, Maseratis, Porsche and Mercedes. indiGO will pay for shipping, handle paperwork and will gladly pay finder’s fees. indiGO has capital and large lines of credit to pay the highest prices. indiGO Classic Cars is an indiGO Auto Group dealership. www.indigoclassiccars.com. (TX) Since our founding in 1970, we have shipped thousands of treasured vehicles door-to-door with our fully enclosed auto transporters. Whether your prized possession is your daily driver, a vintage race car, a classic, a ’60s muscle car or a modern exotic, you can depend on Passport Transport to give you the premium service it deserves. We share your appreciation for fine automobiles, and it shows. www.PassportTransport.com. Collector Car Insurance Luxury Brokers International. Gooding & Company. 310.899.1960, Gooding & Company’s experts are well-qualified to appraise individual automobiles as well as collections and estates. Whether it is the creation of a foundation, living trust or arrangement of a charitable donation, we are able to assist you. www.goodingco.com. (CA) Brighton Motorsports. 480.483.4682, Brighton Motorsports, Scottsdale, AZ, 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) International Auto Appraisers Resource. Use IAAA Appraisers’ to perform insurance and legal appraisals and pre-purchase inspections; It is IAAA, the largest association that certifies auto appraisers, who follow ethics, participate in ongoing training for IAAA/Uniform Standards for Automotive Appraisal Procedures™. Certifications include Master Automotive Appraiser™ and Automotive Arbitration/Mediation Umpire™. The apprentice program was used by Mitchell International and other qualified applicants from the automotive industry. Locate IAAA members and get association info. www.autoappraisersassociation.com. August 2012 Specializing in the Purchase, Sales, and Brokerage of Fine Automobiles and Alternative Investments. Adolfo Massari 610.716.2331 or Andrew Mastin 215.459.1606. Email: Sales@lbilimited. com. Web: www.LBILimited.com. Paul Russell and Company. 978.768.6092, www.paulrussell.com. Specializing in the Preservation and Sales of European Classics, pre-war through the 1970s, since 1978. You can rely on our decades of experience with Mercedes-Benz, Ferrari, Porsche, Bugatti, Alfa Romeo and other fine collectibles. Repeat customers are the lifeblood of our business. Contact us today to join them. Car Sales Manager, Alex Finigan: Alex@paulrussell.com. (MA) Classic Showcase. 760.758.6100, restoration 760.758.6119. Always buying: Offering top dollar for your European classics. Always selling: 3 showrooms with an excellent selection to choose from. Always Restoring: We feature an award-winning, world-class restoration facility, with the expertise to restore you car to any level, including modifications. Super craftsmanship; Barrett-Jackson is proud to endorse a new breed of insurance for classic, antique, exotic, special-interest, contemporary classic and limited-edition cars. To get a quote is even easier with our new online improvements. Go to www. barrett-jackson.com/insurance/, select Get a Quote, enter in a couple key pieces of information about your vehicle and get an estimated quote within seconds! It’s that easy. Don’t be caught without the right insurance for your vehicle. In the unfortunate aftermath of damage to your vehicle, learning that your insurance won’t restore your prized possession to its former glory, or appropriately compensate you for your loss, is the last thing you want to hear. To get a quote by phone, call 877.545.2522. Chubb Collector Car Insurance. 1.866.CAR.9648, The Chubb Collector Car Insurance program provides flexibility by allowing you to choose the agreed value and restoration shop. Broad coverage includes no mileage restrictions and special pricing for large schedules. For more information, contact us at 1(866)CAR-9648 or www.chubbcollectorcar.com. The Last Detail. 847.689.8822 North Chicago / Kenilworth, IL, As “Trusted Advisors” for over 35 years, 159

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policy covering a whole season and or for specific events. Please contact Mark Cooke and or Kevin Way. Grundy Worldwide. 888.647.8639, Grundy Worldwide offers agreed value insurance with no mileage limitations, zero deductible*, and high liability limits. Our coverages are specifically designed for collectible-car owners. From classic cars to muscle cars, Grundy Worldwide has you covered. (*Zero deductible available in most states.) 888.6GRUNDY (888.647.8639). www.grundyworldwide.com. (PA) English AC Owner’s Club Limited. 503.643.3225, 503.646.4009. U.S. Registrar: Jim Feldman, 11955 SW Faircrest St., Portland, OR 97225-4615. The world’s largest organization of AC owners and enthusiasts. AC ownership not required. Monthly magazine. Email: jim@jwfrestoration.com. (OR) 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) Aston Martin of New England. Hagerty Insurance Agency, LLC. 800.922.4050, is the leading insurance agency for collector vehicles in the world and host to the largest network of collector car owners. Hagerty offers insurance for collector cars, motorcycles and motorcycle safety equipment, tractors, automotive tools and spare parts, and even “automobilia” (any historic or collectible item linked with motor vehicles). Hagerty also offers overseas shipping/touring insurance coverage, commercial coverage and club liability coverage. For more information, call or visit www.hagerty.com. (MI) 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) Ferrari/Maserati/Lamborghini Classic Showcase. 760.758.6100, Carobu Engineering. 949.722.9307, AUTOSPORT DESIGNS, INC.. 631.425.1555, All Aston Martin models welcome regardless of age, as new inevitably become old! Routine servicingcomplete mechanical restorations/rebuilds — cosmetic repair/paintwork to complete frame-off restoration. Large inventory of parts. All services as well as our current unventory of automobiles for sale can be seen at www.autosportdesigns.com. (NY) Heacock Classic. 800.678.5173, We 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. (FL) 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 X-Ost. WWW.CAROBU.COM. restoration 760.758.6119. World class full-service restoration facility. Creating show/show drivers, and driver restorations. Specializing in German, British, and Italian classics. Superb fit, attention to detail, great craftsmanship, knowledgeable staff, passionate on quality. Located in San Diego County. sales@classicshowcase.com www.classicshowcase.com. (CA) site showing numerous cars for sale and a frequently updated blog to see what is going on in our busy shop, including video links of engines being run on a test stand and on a chassis dynamometer. Our two-car enclosed transporter makes getting your car to our shop within the Northeast a breeze. www.rpmvt.com. German FerrariChat.com. The largest on- line Ferrari community in the world, with over 80,000 registered users. 3,000 new posts a day from Ferrari owners, historians, and enthusiasts along with 5 million in our archives. Over 1,000 ads in our Classifieds www.ferrarichat.com. European Collectibles, Inc. Classic Showcase. 760.758.6100, J.C. Taylor Insurance. 800.345.8290, Antique, classic, muscle or modified — J.C. Taylor Insurance has provided dependable, dynamic, affordable protection for your collector vehicle for over 50 years. Agreed Value Coverage in the continental U.S., and Alaska. Drive Through Time With Peace of Mind with J.C. Taylor Insurance. Get a FREE instant quote online at www.JCTaylor.com. Motor Sport Personal Accident 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 restoration 760.758.6119. World class full service restoration facility. Creating show/show drivers, and driver restorations. Specializing in British, German and Italian classics. Superb fit; attention to detail; great craftsmanship; knowledgeable staff; passionate on quality. Located in San Diego County. sales@classicshowcase.com www.classicshowcase.com. (CA) Lamborghini Houston. 888.588.7634, Lamborghini Houston is a factory authorized Lamborghini dealership offering customers new and pre-owned Lamborghinis in addition to one of the largest selections of exotic cars in the United States. With one of the finest service facilities in the world, Lamborghini Houston consistently services all exotic cars including Ferraris, Maseratis, Lamborghinis, Bentleys and Aston Martins. Lamborghini Houston offers shipping nationwide. Lamborghini Houston is an indiGO Auto Group dealership. www.lamborghinihouston.com. (TX) Fourintune Garages Inc. 262.375.0876, www.fourintune.com. With over 25 years of experience in complete ground-up restoration on British marques — specializing in AustinHealeys for 35 years. Experience you can trust, satisfied customers nationwide. Visit our web site for details on our restoration process. Located in historic Cedarburg since 1976 — just minutes north of Milwaukee. (WI) 949.650.4718, European Collectibles has been buying, consigning, selling and restoring classic European sports cars since 1986. We specialize in Porsche (356 and 911) 1950s to early 1970s along with other marks including Mercedes, Aston Martin, Ferrari, MG, Austin Healey & Jaguar with 40 vehicles in stock to choose from. European Collectibles also offers complete mechanical and cosmetic restorations to concours level along with routine service. Located in Orange County, CA, between Los Angeles and San Diego. Sales@europeancollectibles.com or visit our website www.europeancollectibles.com. (CA) 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) RPM Classic Sports Cars. 802.877.2645, With over 25 years of experience in Classic Italian Sports cars, we know how to make your car perform as new. Please visit our web Porsche of North Houston. 888.588.7634, Porsche of North Houston is a factory authorized Porsche dealership committed to all things 160 Sports Car Market

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Porsche. Porsche of North Houston activates experiential Porsche ownership for customers offering a large selection of new, pre-owned and vintage Porsches. We offer nationwide shipping. Porsche of North Houston is an indiGO Auto Group dealership. www.porscheofnorthhouston.com.(TX) Import/Export Museums LeMay—America’s Car Museum, Cosdel International Transportation. Since 1960 Cosdel International Transportation has been handling international shipments by air, ocean and truck. Honest service, competitive pricing and product expertise have made Cosdel the natural shipping choice for the world’s best-known collectors, dealers and auction houses. If you are moving a car, racing or rallying, or attending a concours event overseas, Cosdel is your comprehensive, worldwide resource for all of your nationwide and international shipping needs. We are your automobile Export Import Experts. 415.777.2000 carquotes@cosdel.com. www.cosdel.com. (CA) Inspections opened in June 2012 in Tacoma, WA, explores how the automobile has fulfilled a distinctive role at the core of the American experience and shaped our society. The spacious museum with rotating exhibits is designed to be the centerpiece for automotive history as well as an educational center and library. The campus also contains a 3.5-acre show field, theater, café, banquet hall and meeting facilities. To become an ACM member, volunteer or make a donation, visit www.lemaymuseum.org. (WA) Parts and Accessories Autobahn Power 877.683.3001 We specialize in complete Performance and Modification Projects for all types of vehicles. Spanning decades, we have completed literally hundreds of project cars. Many are used for daily drivers that can aggressively ramp it up for performance venues. Located in the heart of the Midwest, we’re easily accessible. If you’ve got a project in mind, we know you want a trusted source for quality work in performance, efficiency and safe upgrades to your ride. Choose us! Autobahn Power! Visit us at autobahnpower.com. facility that offers world-class restoration, repair and fabrication services. Highly organized, fiscally responsible and providing biweekly detailed billing, we keep you abreast of the rapid progress of your project in every way. Check out our excellent web site for details. Email doug@classicrestodenver.com. www.classicrestodenver.com. (CO) Performance Restoration. 440.635.0053, Exciting new location in Northeast Ohio, close to major highways. As always, an open, clean, well-equipped, busy facility. Several projects from antique to sports cars in the works. Always time to help fellow enthusiasts with advice. What can we help you with? supercharged@windstream.net. (OH) The Guild of Automotive Restor- ers. 905.775.0499. The Guild is one of the most recognizable names in the business of restoring antique and classic cars, and with good reason. We are a multi service facility, which means that your car is fully restored under one roof and the process is under full control at all times. Projects are carefully managed through all tasks, and owners are kept informed with weekly email reports, phone calls and photographs. We are skilled in all aspects of the craft of restoration and are as comfortable coach building a car from scratch as we are doing light maintenance on rare and valuable cars or tune-ups on the family’s original heirloom Model T. If you want your car worked on by a company that still maintains their passion of the hobby and provides you with the accountability of good friends, give us a call, we look forward to hearing from you. David Grainger/Janice Stone, proprietors. www.guildclassiccars.com (CAN) 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) Italian WeatherTech® Automotive AcHamann Classic Cars. 203.918.8300, with more than 30 years in the industry and worldwide clientele in dealing in European race and sports cars, specializes in classic Ferraris of the ’50s & ’60s. www.ferrari4you.com Literature Via Corsa Car Lover’s Guide- books. Travel the world with guidebooks written for car enthusiasts! We cover car museums, factory tours, race tracks, auctions, and major events. Exclusive interviews with Alice Cooper, Hans-Joachim Stuck, Derek Bell, Mario Andretti, and more! Our guidebooks are available at motorbooks.com and amazon.com. cessories. 800.441.8527, MacNeil Automotive Products Limited providing Automotive Accessories for your vehicles for over 20 years. MacNeil has defined high quality vehicle protection with the WeatherTech® line of Automotive Accessories. Choose from allweather floor mats, extreme-duty floor liners, cargo/trunk liners, side window deflectors, no-drill mudflaps, many different options of license plate frames and more. We have products available for virtually every make and model. To see and buy everything, go to www. WeatherTech.com. Restoration — General Griot’s Garage. 800.345.5789, The ultimate online store for car care products and automotive accessories. www.griotsgarage.com. (WA) The Last Detail. 847.689.8822 North Chicago / Kenilworth, Il., As “Trusted Advisors” for over 35 years, we have been assisting enthusiasts make critical decisions before creating costly mistakes. Whether servicing, buying or selling, TLD is your one stop destination providing the highest quality services from basic maintenance to full frame-off restorations. www.thelastdetail.com. (IL) RPM Classic Sports Cars. 802.877.2645, With over 25 years of experience in Classic Italian Sports cars, we know how to make your car perform as new. Please visit our web site showing numerous cars for sale and a frequently updated blog to see what is going on in our busy shop, including video links of engines being run on a test stand and on a chassis dynamometer. Our two-car, enclosed transporter makes getting your car to our shop within the Northeast a breeze. www.rpmvt.com. Sports and Competition RM Auctions, Inc. 800.211.4371, 519.351.1337. Celebrating 30 years in the collector car industry, RM Auctions and its associated companies are responsible for acquisitions, restorations and sales of the world’s rarest and most valuable vintage automobiles, including record-breaking sales in Maranello, Italy and London, U.K. RM’s restoration division achieved unprecedented accolades in 2006, when the company earned “Best of Show” honors at the world’s top three collector car events in a single year. www.rmauctions.com. (CAN) © FOLLOW SCM Classic Restoration. 303.761.1245, Classic Restoration by Country Club Auto, located in Colorado, is a large August 2012 161

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Carl Bomstead eWatch Wayne 492 Gas Pump Fuels $14.5k Sale Giant, rare gas pump, tin Packard toy car and Kauba hood ornament bring big bucks, but all pale in comparison to Babe Ruth’s old jersey Thought Carl’s Just when you think car stuff is getting pricey, somebody puts it all in perspective. SCP Auctions recently sold the earliest-known jersey worn by Babe Ruth for $4,415,658, breaking the record for any item of sporting memorabilia. It was the jersey that “The Bambino” wore shortly after the Red Sox sold him to the Yankees for $100,000. The previous record was set in 2010, when someone paid $4,338,500 for James Naismith’s founding rules of basketball. If that was a little too rich for your blood, Ruth’s 1934 Yankees cap was only $537,278. Let’s see, think I’ll have a 1934 Dietrich Packard, a Ferrari 365 Daytona Spyder and a garage full of porcelain signs instead. seldom offered, so the bidding was spirited. — but are missing the docs — what’s five grand or so to make it all complete? EBAY #130686067955— EBAY #280850008859— 1910 AMERICAN INDIAN HOOD ORNAMENT. Number of Bids: 2. SOLD AT: $2,600. Date: 4/1/2012. This intricate hood ornament was signed by noted artist Carl Kauba, an Austrian, who spent a considerable amount of time in the American West. It was sculpted in four separate castings and was highly detailed, with 13 curlicues on the tips of the war bonnet. A quality mascot at a reasonable price — especially considering the rarity. 1953 ALPS TIN TOY PACKARD. Number of Bids: 23. SOLD AT: $1,687. Date: 4/29/2012. This very desirable Japanese tin Packard toy by Alps had been highly “customized” with some weird paint, and it was missing the steering wheel and several trim pieces. In good condition, these toys push five figures. This one could possibly be restored, but it will most likely be used for parts. An expensive lesson in customizing. 1. SOLD AT: $140. Date: 5/11/2012. The seller wasted no time cashing in on the death of one of America’s automotive icons, as this booklet sold the day after Shelby’s death. This booklet outlined his career and the cars he created. It was given out at his 80th birthday celebration at the January 2003 Barrett-Jackson auction. PAST TYME PLEASURES EBAY #130673831714— 1911 CALIFORNIA DOGBONE PORCELAIN LICENSE PLATE. Number of Bids: 27. SOLD AT: $1,033.88. Date: 4/6/2012. The Southern California Auto Club issued license plates to its members starting in 1905. They changed from leather to porcelain in 1909 and continued issuing plates until 1913, when the state entered the picture. This plate was not in the best of condition, but they are EBAY # 180853133230— LAMBORGHINI MIURA SV POUCH AND DOCUMENTS. Number of Bids: 15. SOLD AT: $5,643. Date: 4/7/2012. The leather pouch was embossed with the Lamborghini logo, and it held the owner’s manual and dealer directory. All were in excellent condition. If you have the Miura LOT 3—THOMPSON VALVES DIE-CUT PORCELAIN SIGN. SOLD AT: $2,912 (including 12% buyer’s premium). Date: 5/19/2012. This unique, doublesided porcelain sign was in very nice condition, with only minor edge wear that did not detract from the sign. The die-cut valve would be very susceptible to being damaged, but it had survived the ravages of time. This auction company specializes in country store and western items, but automotive sign collectors found this one and bid it to the appropriate level. No bargain here! EBAY #320899846277— EBAY #330731308977— CARROLL SHELBY 80TH BIRTHDAY CELEBRATION BOOKLET. Number of Bids: 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 $65 for 12 monthly issues in the U.S., $95 Canada/Mexico, Europe $105, Asia/Africa/Middle East $115. Subscriptions are payable in advance in U.S. currency. Make checks to: Sports Car Market. Visa/MC accepted. For instant subscription, call 877.219.2605, 503.261.0555; fax 503.253.2234; www.sportscarmarket.com. 162 WAYNE 492 ROMAN COLUMN GAS PUMP. Number of Bids: 14. SOLD AT: $14,500. Date: 5/13/2012. These ornate and very Deco cast-iron gas pumps were introduced in 1923 and are very sought after today. They stand almost nine feet tall and have a 10-gallon visible cylinder on top, where the customer could review the fuel as it was hand-pumped into the car. The electric- and air-operated versions are a touch more valuable, and they are all sensational. This example appeared to be very complete and very original. Cost of restoration will run $3,000 to $5,000, so this is not a cheap package when all is said and done. ♦ POSTMASTER Send address changes to: Sports Car Market PO Box 4797, Portland, OR 97208 CPC IPM Sales Agreement No. 1296205 Sports Car Market