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Sports CarMarket 192 COLLECTOR CARS RATED, ANALYZED, AND PRICED BY OUR EXPERTS Keith Martin's The Insider's Guide to Collecting, Investing, Values, and Trends 142-mph Deuce Khougaz Roadster makes$215k December 2009 www.sportscarmarket.com

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Sports CarMarket Keith Martin's The Insider's Guide to Collecting, Investing, Values, and Trends 44 Khougaz Ford: racer for the street December 2009 .Volume 21 . Number 12 36 MG K3: explanation necessary IN-DEPTH PROFILES What You Need To Know FERRARI 32 1968 Ferrari 365 GT 2+2 Coupe—$84,923 / Bonhams Choosing a “Queen Mother” is all about condition. Steve Ahlgrim ENGLISH 36 1934/37 MG K3 Magnette Roadster—$381,150 / H&H The racing bits, the chassis number, or the logbook—pick one. Miles Collier ETCETERINI 40 1937 Renault TN4H Autobus—$18,745 / Bonhams A boulevard cruiser... for 50 of your closest friends. Donald Osborne GERMAN 42 1973 Porsche Carrera RS Touring—$99,267 / Bonhams If it looks like an RS, and it runs like an RS, is it an RS? Chip Lamb AMERICAN 44 1932 Ford Khougaz Lakes Roadster—$214,500 / RM El Mirage icon—hot rods don't come hotter. Ken Gross RACE 46 1969 Ford Escort 1850 GT World Cup Rally Car— $117,197 / Bonhams Real rally history for a replica price. Thor Thorson GLOBAL AUCTION COVERAGE 192 Cars Examined and Rated at Six Sales RM AUCTIONS 50 Rochester, MI: $462k Auburn boattail speedster leads a $5.4m day at Meadow Brook. Dale Novak SILVER AUCTIONS 62 Reno, NV: American hot rods and muscle total $9.3m at Hot August Nights. Paul Duchene WORLDWIDE AUCTIONEERS 72 Auburn, IN: The Auburn Auction makes $2.5m, with top sale a 1942 Chrysler Town & Country barrelback at $440k. B. Mitchell Carlson BONHAMS & BUTTERFIELDS 84 Tacoma, WA: B&B sells a $2.2m passel of projects from the LeMay Collection at the first America's Car Museum sale. Carl Bomstead MECUM AUCTIONS 90 St. Charles, IL: Corvettes bring $5.9m at Mecum's annual Bloomington Gold Auction. B. Mitchell Carlson, Dan Grunwald, and Mark Rudnick COYS 96 Woodstock, UK: $257k Bentley Red Label and $172k Bond Esprit headline a $2.3m event at Blenheim Palace. Paul Hardiman EBAY MOTORS 100 You say Porsche, I say Poorsh. Geoff Archer Cover photograph: Courtesy of RM Auctions

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30 Kirkland Concours COLUMNS 8 Shifting Gears A daily dose of quirky Keith Martin 24 Affordable Classic BMW 633/635CSi and 733/735i—easing into collectibility Rob Sass 26 Legal Files When “matching numbers” don't add up John Draneas 34 Sheehan Speaks The Ferrari options list—gilding the lily Michael Sheehan 102 Bike Buys Bimota DB2, a better Ducati Ed Milich 114 eWatch $1,652 fakey-doo oil can is $1,600 too much Carl Bomstead FEATURES 28 Raymond Milo: Bon voyage, Uncle Raymond 30 Kirkland & Radnor:Concours of September DEPARTMENTS 10 Crossing the Block / Auction Calendar 12 The Inside Line 14 Contributors 16 You Write, We Read 18 Display Advertisers Index 20 Time Pieces: Rolex GMT 20 Neat Stuff: A book on VINS and a CD on style 22 In Miniature: BRE Datsun 240Z 22 Speaking Volumes: One Off 56 Our Cars: 1947 International KB-1 pickup 80 Glovebox Notes: 2009 Dodge Challenger SRT8; 2010 Lexus RX 350 FWD 88 Alfa Bits 101 FreshMeat: 2010 Chevrolet Corvette ZR1, 2008 Maserati Quattroporte Sport GT S, 2010 Volkswagen Jetta TDI Sportwagen 104 Mystery Photo 104 Comments with Your Renewal 106 Showcase Gallery 110 Resource Directory

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Shifting Gears Keith Martin Quirky Trumps Practical tage package (Alfa Giulietta Spiders get a bye on the heater, with clever owners learning to pull up the carpet on the center console and stick their right hands beneath it to warm them up.) As new cars get better and better, a collector car has a higher bar to reach to be used regularly. New cars stop better, go faster, and are more comfortable than old cars. What they don't do well is exude personality, or make demands of their owners. I'm not going to say that unique traits, a.k.a. quirkiness, trump practicality, because in most situations, drivers don't want to worry about whether their car will overheat in traffic on the way to an appointment. They just want to get there on time. Our own Kool-Aid But just as wine fanatics seek out challenging new tastes and moun- Now, let's see about those carburetors F or the past three months, I've managed to use the SCM 1964 Volvo 544 as my primary family car, and as my daily driver. I've put just over 2,000 miles on it. In September, my wife Wendie and I and our two-year-old Bradley piled into it for the 400-mile round-trip journey to Sunriver, Oregon, where I was the emcee of the 13th annual Festival of Cars. It isn't a Ferrari 250 GTE, Porsche 356, Maserati 3500 GT, or a Lotus Elan +2. Even on the short list of collectible, four-seat vintage cars, the 544 surely brings up the rear. But as an old car being used regularly, it offers its own brand of entertainment. For instance, there is the starting ritual. In this cold weather, that be- gins with pulling up the radiator blind, which allows the engine to warm up more quickly. Draw out the choke lever to the third click, and turn the key to engage the starter. As there are no acceleration jets on an SU carburetor, pumping the throttle is a futile exercise. As the temperature gauge begins to register, slowly decrease the amount of choke. Then, lower the radiator blind, and finally, turn on the heater fan. By contrast, Wendie's new 5 Series seems nearly to start itself, heat your seat, and brew your first cup of coffee for you before you're out of the driveway. On the freeway, the Volvo cruises comfortably at 60 mph, and in our recent drive over Mt. Hood, we remained in fourth gear with no downshifting, a tribute to the torque from the 1.8-liter inline-4. The baby seat fits into the center of the backseat (we installed rear seatbelts), and Bradley can entertain himself by kicking the backs of the front seats, training for when he rides in a schoolbus. The cockpit is reasonably spacious, with a vintage-style wire cupholder resting on the console, providing us a place to put our lattes. Complete with shoulder belts Perhaps you're wondering if there's a point to this, or if you're simply going to have to endure a love paean to a vintage Swedish beauty. At SCM, we've long maintained that 1955 through 1974 is the golden era of usable collector cars, and the 544 reinforces that notion. Our parameters are that a car must be able to keep up with traffic on modern expressways, even if only in the slow lane. It must have adequate acceleration and brakes. A nod to safety is appreciated; the Volvo excels in that for its era, being the first mass-produced auto with installed shoulder harnesses. A heater that heats and wipers that wipe are a part of a practical vin- 8 tain climbers routes that are fresh to them, we old car enthusiasts value the experience of driving more than we do the convenience of it. I tested this theory on the return from our Sunriver trip, when I set our GPS to “shortest route / no freeways” at Diamond Lake, looking for a secret way home. Twenty minutes later, we had somehow been directed to a Forest Service dirt road that was winding its way ever deeper into the wilderness. I thought it was a terrific adventure, while my wife wondered if I was planning on serving the family up as dinner to the local bears if our 45-year-old car decided to fail inopportunely. Each morning, driving to work in an old car, I feel like a little kid playing hooky as I move through traffic. Everyone else is adjusting their Bluetooth-connected iPhones and tuning their satellite radios while I'm fiddling with the choke and the wipers and the heater to get my road capsule habitable. I'm sure the non-collectors wouldn't trade with me, nor I with them. This time of unregulated old car use won't last forever. Today, chances are if your car is pre-1974, you don't have to meet any smog or safety regulations, and you can simply fire up your beast and head out, whenever you want and to wherever you want. I fear that the unintended side consequence of some piece of federal legislation related to smog or safety will begin to restrict our use of old cars. We need to be aware of that possibility and stay prepared to do battle, while at the same time taking advantage of the opportunities we have to use our old cars today. We're certainly part of a fortunate group. The government has built terrific two-lane roads that we enjoy, and it seems like fewer people use these secondary routes every year. Through the Internet, we have support groups for parts and advice that help us keep our old cars running better than ever before. And clubs, which are the backbone of the old car hobby, seem to be ever more active. It's a good time to be a fan of cranky old cars, and it's an even better time to be driving them. Farewell, Uncle Raymond Raymond Milo passed away in his sleep on September 27, at the age of 71. A longtime friend and contributor to SCM, a remembrance of his life with cars appears on page 28, with more on the web at www.sportscarmarket.com/uncleraymond, along with Raymond's own reminiscences of his life. On a personal note, Raymond was especially kind to my daughter, Alexandra, from the first time he picked her up as a babe-in-arms at a Bob LeFlufy AutoClassic Auction in Vancouver, B.C., 17 years ago, to her 16th birthday at Cafe Moustache, where he presented her with a lovely Louis Vuitton handbag. He was always gracious and charming, and to Alexandra he represented a sophisticated, slightly mysterious and always entertaining Old World way of life. She will never forget Raymond and the kindness he brought to her. With Raymond gone, the collector car world has lost an irreplaceable trove of first-hand collector car knowledge, and a kind and thoughtful man.♦ Sports Car Market

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Crossing the Block Jim Pickering motorcycles, and automobilia available. Early consignments include a 1906 Rolls-Royce Light 20, estimated at $640k–$960k, as well as a 1913 Rolls-Royce 40/50hp Silver Ghost open-drive limousine thought to be worth between $288k and $400k. H&H Sales Ltd.—The Pavilion Gardens Where: Buxton, UK When: December 9 More: www.classic-auctions.com H&H returns to the Octagon '70 Buick GS at Auctions America Bonhams— The Willy Neutkens Collection Where: Munich, DEU When: November 28 More: www.bonhams.com The BMW Museum in Munich will serve as backdrop for this collection of just under 100 vintage BMW motorcycles amassed by the late Willy Neutkens. His collection was known to be the largest in the world, with a Guinness Book of Records entry to prove it, and an array of bikes will be available here, including everything from a 1924 494-cc R32 to a 1996 R100 Classic. Mecum Auctions—Kansas City Auction Where: Kansas City, MO When: December 4–5 More: www.mecum.com Last year: 212/425 cars sold / $4m This annual Kansas City auction typically draws in the neighborhood of 450 consignments, and this year, the event has been moved to the Kansas City Convention Center, where the cameras will be rolling for Mecum's live television broadcast of the auction on HD Theater, a Discovery network. Expect a variety of American muscle and classics to fill out the list of consignments. Auctions America—The Raleigh Classic Where: Raleigh, NC When: December 4–5 More: www.raleighclassic.com Last year: 171/275 cars sold / $4.9m The climate-controlled Jim Graham building at the North Carolina State Fairgrounds will play host to the second Raleigh Classic sale of 2009, with around 250 collector cars expected to cross the block. Early consignments include a 1970 Buick GS 455 Stage 1, a 1964 Dodge Coronet 440 2-door hard top with a reported 67,000 actual miles, and an all-original 1957 Ford Fairlane 500 Skyliner retractable hard top with 26,000 original miles and one owner from new. CTS Auctions—Inaugural Sydney Auction Where: Sydney, AUS When: December 5 More: www.ctsauctions.com Cars from former Australian Super Touring racer Rob Tweedie's Sydney-based collection will be featured at Classic Throttle Shop's first collector car auction, including a 1975 Elfin-Repco MS7 Sports Racing prototype, which won the 1975 Australian Sports Car Championship, and a 1965 LolaCosworth T60 SCA Formula 2 single-seat racer, which was raced in period by Frank Gardner, Richard Attwood, and Jo Bonnier, among others. Bonhams—Collectors' Motor Cars Where: London, UK When: December 7 More: www.bonhams.com Last year: 64/111 cars and motorcycles sold / $3.9m The Olympia sale room will play host to this annual December event, with a limited selection of high-end cars, Theatre and Paxton Suite at Buxton's Pavilion Gardens for this sale, which will feature a variety of collectibles at several different price points. Grassroots collectors will be well represented, with consignments including a 1951 MG TD as well as a 1969 MG Midget 1275. ♦ Auction Calendar NOVEMBER DECEMBER 6-8—KRUSE Auburn, IN 7-8—BUD WARD Hot Springs, AR 7-8—ICA Gilbert, AZ 14—BONHAMS & BUTTERFIELDS Los Angeles, CA 16—ARTCURIAL Paris, FRA 18—BONHAMS Harrogate, UK 20-22—LEAKE Dallas, TX 20-22—MCCORMICK Palm Springs, CA 23—SHANNONS Melbourne, AUS 27-28—ICA Houston, TX 27-29—VICARI Daytona Beach, FL 28—BONHAMS Munich, DEU 1—COYS London, UK 4-5—AUCTIONS AMERICA Raleigh, NC 4-5—MECUM Kansas City, MO 4-6—KRUSE Auburn, IN 5—CTS Sydney, AUS 6—BONHAMS & GOODMAN Sydney, AUS 7—BONHAMS London, UK 7-8—BARONS Surrey, UK 9—H&H Buxton, UK 12—BRIGHTWELLS Herefordshire, UK 12-13—SANTIAGO Oklahoma City, OK All dates listed are current at time of publication. Contact information for most auction companies may be found in the Resource Directory at the back of this issue. Please confirm dates and locations before attending any event. Email auction info to: jim.pickering@sportscarmarket.com. JANUARY 2010 7-9—MIDAMERICA Las Vegas, NV 8-10—FT. LAUDERDALE BEACH AUCTION Ft. Lauderdale, FL 8-10—TOM MACK Charlotte, NC 18-24—BARRETTJACKSON Scottsdale, AZ 20-24—RUSSO AND STEELE Scottsdale, AZ 22—RM Phoenix, AZ 22-25—SILVER Fountain Hills, AZ 23—BONHAMS Paris, FRA 23—GOODING & COMPANY Scottsdale, AZ 28-30—MECUM Kissimmee, FL 10 Sports Car Market

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Inside Line Stefan Lombard Send news and event listings to insideline@sportscarmarket.com. Auto Retro draws gearheads to Spain SCM News ■ Space is now available for the third annual Corvette Market Insider's Seminar, to be held Thursday, January 21, 2010, from 9 am to 11 am at Barrett-Jackson. For more information, visit www.corvettemarket.com/seminar2010. ■ Become a friend of Keith Martin on Facebook (www .facebook.com, search for Keith Martin). Newly posted photo albums include his family's trip to Central Oregon in their vintage Volvo 544 and the mountain-top dirt road their GPS directed them to, along with an afternoon spent motorcycling with his daughter Alexandra, on his Suzuki SV650 and her Ninja 250R. Transitions ■ Longtime SCM Contributor and friend Raymond Milo passed away in his sleep at his home in Los Angeles on September 27. “Uncle Raymond” was one of the last of his generation of collectors and enthusiasts, and he will 12 be missed. See a tribute to his life on p. 28. Events ■ Auto Retro returns to Barcelona from December 4 to 8. The 26th annual event will celebrate 50 years of the Mini, with a display that will include the very first unit built, as well as the 1964 Monte Carlo Rally winner, with driver Paddy Hopkirk in attendance. Also featured will be a recently completed Pegaso replica based upon a 1951 design, which was conceived to achieve world speed records, and which has never been shown before. Tickets are $25. www.autoretro .es. (ESP) ■ The Petersen Automotive Museum has a busy calendar planned for December. On the 13th, the month-long Tribute to Trans Am Racing exhibit concludes in the Bruce Meyer Gallery. On the 19th, opening in that same gallery, is a celebration of the history and prestige of the Grand National Roadster Show. The exhibit will feature past winners of America's Most Beautiful Roadster (AMBR), including the first AMBR winner—Bill Niekamp's 1929 Ford, which won in 1950. The display runs until January 31, 2010. www.petersen .org. (CA) ■ The Essen Motor Show is Germany's biggest vintage car and motorsport festival, and in addition to hundreds of new models concepts, plenty of vintage machinery and race cars will be on display. The show also features an indoor race track for training sessions and hot laps. Adult tickets are $25. www .essen-motorshow.de. (DEU) ■ As the crow flies, it's 600 miles, give or take, from Land's End, at the southwestern tip of Cornwall, to John o'Groats, at the northeastern tip of Scotland. But as the smoky old car drives, the LE JOG rally is nearly 1,500 miles, a four-day trek that takes participants over some of the most rugged and beautiful terrain in Great Britain. The event is organized by the Historic Endurance Rally Organization and scheduled to run from December 5 to 8, and while there are medals for class winners, the general consensus is that simply finishing is worthy of an award. Open to any car built before 1982, and no competition license is required. Prices for teams of two start at $1,800 for the Tour and $3,500 for the Reliability Trial. www.hero.org .uk. (UK) ♦ Event Calendar Nov. 28-Dec 6—Essen Motor Show (DEU) www.essen-motorshow.de 2-6—New England International Auto Show (MA) www.bostonautoshow.com 4-8—Auto Retro Barcelona (ESP) www.autoretro.es 4-13—Los Angeles Auto Show (CA) www.laautoshow.com 5-8—LE JOG (UK) www.hero.org.uk 5-13—Salone Internazionale dell'Automobile (ITA) www.motorshow.it 12-16—Riyadh Motor Show (SAU) www.recexpo.com Sports Car Market

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SCM Contributors KEN GROSS has been an auto writer for 37 years, and his work has appeared in Playboy (so you can tell your wife it's OK to read), AutoWeek, Hemispheres, The Rodder's Journal, Street Rodder, and Hot Rod magazine. He wrote the TV series, “Behind the Headlights,” and his books include Hot Rods and Custom Cars, Los Angeles and the Dry Lakes: The Early Years,Art of the Hot Rod, Hot Rod Milestones, The Illustrated BMW Buyer's Guide, and Ferrari 250 GT SWB. He is a former director of the Petersen Automotive Museum and has judged at Pebble Beach for 20 years. Though he still laments the sale of his Ferrari 275 GTB, he is a hot rodder at heart with a garage full of old Fords and a Ducati Mike Hailwood Replica Mille. This month he profiles the ex-Jim Khougaz '32 Ford dry lakes roadster on p. 44. WILLIAM “CHIP” LAMB has been writing to an international audience on the collector car hobby for over ten years. Apart from being the owner of West of Sweden Saab and supplying new and “previously enjoyed” parts to thousands of vintage Saab owners worldwide, Lamb consults wideley throughout the collector car hobby. Though he has been pigeonholed for years as “the Saab guy,” his tastes run to the eclectic, owning not only quirky veteran Swedes but also a selection ranging from prewar American to modern sports cars. He has been an Auction Analyst for SCM for nearly three years, and on p. 42 of this issue you'll find his take on a Frankenstein Porsche Carrera RS. Sports CarMarket Publisher Keith Martin keith.martin@sportscarmarket.com; 503.261.0555 x 210 Art Director Kirsten Hegg kirsten.hegg@sportscarmarket.com; 503.261.0555 x 202 Executive Editor Paul Duchene paul.duchene@sportscarmarket.com; 503.261.0555 x 206 Managing Editor Stefan Lombard stefan.lombard@sportscarmarket.com; 503.261.0555 x 203 Auction Editor Jim Pickering jim.pickering@sportscarmarket.com; 503.261.0555 x 208 Copy Editors Yael Abel, Kristen Hall-Geisler, Bill Neill Senior Auction Analysts B. Mitchell Carlson, Carl Bomstead, 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), Jim Schrager (Porsche), Michael Sheehan (Ferrari), Thor Thorson (Race Cars) Contributors John Apen, Diane Brandon, Marshall Buck, Miles Collier, Martin Emmison, Paul Hardiman, Simon Kidston, Rob Sass, Steve Serio Operations Manager Jennifer Davis-Shockley jennifer.davis@sportscarmarket.com; 503.261.0555 x 207 Senior Web Developer Jerret Kinsman jerret.kinsman@sportscarmarket.com; 503.261.0555 x 212 Information Technology/Internet Bryan Wolfe bryan.wolfe@sportscarmarket.com; 503.261.0555 x 215 Financial Manager Nikki Nalum nikki.nalum@sportscarmarket.com; 503.261.0555 x 205 Strategic Planner Bill Woodard Print Media Director Wendie Martin wmartin@enthusiastmediagroup.com; 206.427.1652 MARK RUDNICK fell in love with Corvettes watching the early 1960s TV series “Route 66,” in which Buzz and Todd traveled the U.S. in a Corvette roadster. For the past 20 years, he has been actively involved with Corvettes, owning five, including his current treasure—a 15,000-mile, unrestored Mulsanne Blue 1970 coupe, which has received both the NCRS Top Flight Award and a 3-Star Award for Corvette Preservation Excellence. He also drives a Quicksilver 2003 Z06. Rudnick is a Founding Member of the National Corvette Museum, and since the early 1990s, he has been a member of the National Corvette Restorers Society, where he holds Master Judge status. In June, we sent him to Bloomington Gold to cover the Mecum auction, and his report appears on p. 90. THOR THORSON grew up in northern Iowa. His father bought a red Jag XK 150 in the late 1950s, and he has been in love with sports cars, racing cars, and the associated adrenaline rush ever since. He has vintage raced for over 30 years, and his current mount is a '62 Elva Mk 6, which he drives sideways whenever he can. When he's not racing, he is president of Vintage Racing Motors, Inc., a collector car dealer and vintage racing support company based in Redmond, Washington. He has put his vintage racing knowledge to good use in SCM since 2003, and on p. 46 of this issue, he writes about a 1969 Ford Escort Mexico rally car. Executive Producer, SCM Television Roger Williams roger_williams@earthlink.net ADVERTISING Display Advertising Executives Ted Alfano ted.alfano@sportscarmarket.com; 877.219.2605 x 211 Cody Wilson cody.wilson@sportscarmarket.com; 877.219.2605 x 213 Classified Advertising classifieds@sportscarmarket.com SUBSCRIPTIONS Subscriptions Coordinator Mary Artz 877.219.2605 x 204; M–F 9 am to 5 pm PST To order new subscriptions 877.219.2605 x 204 Questions about current supscriptions 877.219.2605, x 204, service@sportscarmarket.com, fax 503.253.2234 www.sportscarmarket.com CORRESPONDENCE Email service@sportscarmarket.com Customer Support www.sportscarmarket.com/helpdesk Fax 503.253.2234 General P.O. Box 4797, Portland, OR 97208 FedEx/DHL/UPS 401 NE 19th, Suite 100, Portland, OR 97232 vestor in this format and any other used by Sports Car Market magazine. Copyright registered with the United States copyright office. Canada Post Publication Agreement #41578525 PRINTED IN USA 14 presented. All material, data, formats and intellectual concepts in this issue © 2009 by Sports Car Market, Inc., Automotive Investor Media Group and Automotive In- 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

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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 My first Miura To the Editor: Just a couple comments on Paul Hardiman's October Miura article (“Etceterini Profile,” p. 38). After I'd drooled over the chassis at Torino, and then been invited onto the stand itself, a nice gentleman, after hearing my favorable comments, asked me, “Would you like to make the contract?” I asked how much; he said $12,700, and I signed, a bit worried about telling Mom and Dad what I'd done. I gave a deposit, and the even- tual price was $12,300 thanks to the appreciation of the dollar against the lira (remember those days?). I think I placed order #7 and got car #22, or something like that. My car also had a leather steering wheel and a passenger grab handle, but I certainly could've used those ventilated brakes when I ran the car in a couple SCCA races: Two hard laps equaled NO brakes. In the early 1970s, the factory contacted me and said for $5,000 they'd convert my car into an S, but I sold it to someone in Chicago for about $11,000 with 70,000 km (43,500 miles) on the clock. Flawed here and there, but a wonderful car nonetheless.—Anatoly Arutunoff, Tulsa, OK Blame game To the Editor: One of the reasons I subscribe to Sports Car Market is the “tellit-as-it-is” type of writing and often humorous comments made by those who contribute. Such style is not only entertaining and informative, but also adds an element of intimacy/authenticity, as if you were part of a private and candid conversation. So I guess I was not surprised when I read the last sentence in Michael Sheehan's October column (“Sheehan Speaks,” p. 34) about the Ferrari with the patched block and the ensuing legal finger-pointing. The sentence reads as follows: “Blame the lawyers.” We will always have dire warnings about the demise of civilization due to the outrageous tactics of lawyers. But Sheehan's less than Ferrari-like-precision 16 Sheehan's less than Ferrari-like-precision sentence, pinning all the blame for the debacle on the lawyers, fails to observe an important character in this little drama—the client sentence, pinning all the blame for the debacle on the lawyers, fails to observe an important character in this little drama—the client. The client is the one who decides to engage the lawyer in the first place. The client does the hiring, and can also rein in or dismiss the lawyer if he/she feels the legal tactics are unreasonable or inappropriate. I will say that Mr. Sheehan's offer to mediate was a noble one; too bad he was not taken up on it to help out this mess. An aside: Three years to do a paint job? They should have hired Earl Scheib.—Bart Stringham, Bethesda, MD To the Editor: Michael Sheehan's October article was fascinating and an object lesson to us all, but I must object to his conclusion to “Blame the lawyers.” I'm not an apologist for lawyers, but ultimately, a greedy lawyer must first find a greedy client to pay the fees. I would suggest rephrasing Mr. Sheehan's pronouncement to “Blame the greedy car owner.” We all talk about the car hobby, but in reality it has become a huge business and is significantly (and maybe primarily) fueled by financial speculation and not simply a genuine love of cars. Mr. Sheehan, SCM, the auction houses, the dealers, the restoration shops, and the rest of the collector car infrastructure are earning their livings from speculation in car prices. I respect that, but don't whine when that exposes you to business risks associated with a business model based on price speculation. When the right hand is making $100,000 qualifications on cars based on questionable documentation over the gearbox casting, and the left hand is dismissing a repaired engine block as “just between the boys”… well, I'll substitute “confusion” as a more politically correct term for “hypocrisy.” To me, a car is just a car, but when a car becomes an “investment” and is represented as such, or even implied as such, then a line has been crossed, and fiduciary responsibilities, unrealistic expectations, and lawyers may follow. There's an old saying: “When you lie down with dogs, don't complain when you wake up with fleas.”—John Phillips, Glenside, PA Mike Sheehan responds: Thanks for the letters, gentlemen. I've been an expert witness on nearly every possible aspect of Ferrari sales, service, and restoration for decades, and so I've seen nearly every possible iteration of litigation or threatened litigation. I'm asked to be involved in cases similar to the C/4 “patch” often, so I see a non-stop parade of legal abuse and extortion. The first question the C/4 owner's lawyers asked me was, “Does the shop have insurance?” So by filing an absurd claim for $182,000, a settlement of $50,000 for writing a few letters suddenly seems cheap. Once the lawyers are called in, they will get paid, and they get paid by the hour. They have zero incentive to be rational or reasonable. They are paid to find the least defensible “spin” on every situation. Bottom line, in my opinion— the plaintiff may order the hit, but the lawyers are the trigger men. Plus 4 tidbits To the Editor: As the past owner and restorer of 33 Morgans, I read Rob Sass's October story on the Plus 4 with interest (“Affordable Classic,” p. 24).

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Ad Index Alan Taylor and Company .....................31 Aston Martin of New England ...............71 Autobooks-Aerobooks ......................... 113 Autosport Designs ..................................72 Barrett-Jackson ......................................15 Bathys Hawaii Watch Co. ......................21 Battery Tender ........................................93 Boardwalk Ferrari Maserati ...................51 Bonhams ................................................ 11 Canepa ....................................................69 Carolina Trophy .....................................65 Carrera Motors .......................................53 Cheetah Continuation Collectible .........47 Chubb Personal Insurance ......................13 Classic Showcase ...................................91 CMC Classic Model Cars ......................77 Cobalt Automotive LLC ...................... 115 Collector Studio .....................................75 Competition Motors Ltd. .....................109 CTS Auctions .........................................55 Davidoff Zino Platinum .......................105 Driversource Houston LLC ............ 43, 113 European Collectibles ..........................105 Exotic Car Transport ............................ 113 F40 Motorsports ...................................105 Fantasy Junction .....................................79 Ferrarichat.com ....................................105 Fine Lines Graphics .............................103 Gooding & Company ...............................2 Granite Digital .......................................99 Grundy Worldwide ...............................103 Gullwing Motor Cars, Inc. .....................67 Hagerty Insurance ..................................17 Heritage Classics ....................................27 Intercity Lines ........................................27 JJ Best Banc & Co ...............................107 Juniors House of Color ........................ 113 Kidston .....................................................7 Larry Harvey ..........................................63 Leake Auction Company ........................49 Lobell North, LLC .................................99 MacNeil Automotive ......................19, 103 Martin Chisholm Collector Cars Ltd. .....................67, 75, 79 Mercedes Classic Center ...................... 116 Miller's Mercedes Parts, Inc .................99 Motor Classic & Competition Corp. ....109 Motorcar Portfolio .................................69 Palm Springs Exotic Car Auctions .........59 Park Place LTD ......................................25 Paul Russell and Company ....................71 Pocono Sportscar ................................ 113 Poff Transportation .............................. 113 Putnam Leasing ......................................41 Reliable Carriers ....................................39 Re-Originals ...........................................61 RM Auctions ............................................9 Ron Tonkin Gran Turismo .....................73 RPM Autobooks ...................................109 Russo and Steele ....................................23 Significant Cars ......................................99 Speed Lingerie .....................................109 Sports & Specialist Cars ........................91 Spotless Water Systems .........................93 Sticky Fingers No More .........................35 Symbolic Motor Car Co ...........................3 The Finish Line ....................................103 The Stable, Ltd. ......................................73 VintageAutoPosters.com ...................... 113 VIP Transport Inc. ................................109 Worldwide Group .....................................5 18 Two points that need clarification are that the VIN is usually stamped on the chassis cross member under the passenger (right side) seat. The other is that the beautiful cabriolet model never had roll-up windows, but sliding glass windows in a heavy bolt-on chrome “side curtain” that mounted on the top of the rather high door sill. The higher, more weatherproof doors and the glass side curtains contributed to the heavier weight of the car.—Burt Richmond, Chicago, IL Cash for clunkers To the Editor: Regarding Keith Martin's October column (“Shifting Gears,” p. 8), I am concerned with the “Cash for Clunkers” program taking some very decent cars out of circulation. I can't agree with him that there are just a few cars worth keeping. I know he is an Alfa Romeo aficionado, so I would think he would know there are some Alfas that could fall victim to this wasteful program. For example, one of the Alfas you have mentioned to be gaining in value is the GTV6. It is still possible to obtain one of these cars for under $4,500 in decent condition and worthy of restoring. And I know they are not as valuable as the GTV6, but the Milanos are still very decent cars for under $4,500. There are also other decent cars from Saab (900), Mazda (323 GTX, RX-7), and Nissan (280Z, 300Z). Even if these cars are not worth fixing, the parts on these cars can be hard to find and are now made even more difficult to find with this silly government program. What I would love to find is a list of the cars that have been destroyed to “jump start” the economy.—John Honnold, Hudson, CO Keith Martin responds: For a complete list of crushed clunkers, go to www.sportscarmarket .com/crushedclunkers. We can argue all day whether a GTV6 is collectible; at the moment the market has decreed that they are not, and I don't see that changing until so few of them are left that it becomes difficult to acquire one. That could take another decade, and from that perspective, anything that gets rid of crappy GTV6s only enhances the value of those that are left. What this all boils down to is that the auto industry needed a shot in the B. Mitchell Carlson argues that $8,000 was too much for a 1972 Corvette. But the bragging rights alone to be able to say you bought the high sale at an SCM-covered auction seem worth at least ten grand arm, and it got one. No cars older than 1984 were affected, so Hemi 'Cuda and Ferrari Daytona fans need not have sleepless nights worrying over the potential loss of one of their cherished icons. It all seems like a tempest in a teapot to me; I say let's move on. Long-distance read To the Editor: Maybe it was the three hours spent delayed at one of many LaGuardia Airport lounges. Maybe it was the exuberance of finally getting out of New York. But the October issue that accompanied me on my flight to Chicago was among the best I've seen in my ten-plus years of readership. The story of Mr. Martin's Land Rover Series III adventures (“Our Cars,” p. 80) was highly amusing. And B. Mitchell Carlson's accounts of the Mecum Des Moines Auction (p. 58) and the Guthrie Collection (p. 84) highlighted both the in-depth and ridiculous types of coverage I most enjoy. You all made wonderful drinking companions during an otherwise challenging travel evening. Well done.—Ben Fretti, Fort Lauderdale, FL Cash for clunkers, redux To the Editor On p. 88 of his October review of the Marshall Guthrie Collection at VanDerBrink Auctions (“Market Reports”), B. Mitchell Carlson argues that $8,000 was a bit too much money for a 1972 Corvette convertible that was not in the best of shape. But perhaps the buyer still got a great deal. The bragging rights alone to be able to say you purchased the high sale at an SCM-covered auction seem worth at least ten grand. When was the last time anyone could enter that rarified club for so little money? I say: “Well bought.”—Jameson M. Wetmore, Tempe, AZ To the Editor After reading the Marshall Guthrie Collection report, I'm wondering, with trepidation, what's next? Garage/yard sale reviews? Pre-owned lawn mower price guides? “How to Bondo” articles? With deepest, heartfelt sympathy…—Greg Dolin, Hawthorne, NJ Erata In our November coverage of the Pebble Beach Concours, (p. 60), we mistakenly omitted SCMers Ron & Billie Jo Johnson of Rolling Hills Estates, California, and their 1920 RollsRoyce Silver Ghost, which took 3rd place in the R-R Pre-war class, and Jim Utaski of Skillman, New Jersey, whose 1965 Aston Martin DB5 Touring drophead coupe took 3rd in Post-war Sports. ♦ Sports Car Market

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Time Pieces by Alex Hofberg 1955 Rolex GMT If there were to be a top 20 list of the most iconic and sought-after wrist watches ever produced, the Rolex GMT Master would be high on that list. The GMT's distinctive colored bezel, clear legible dial, and its innovative time zone features prove both functional as well as attractive, as evidenced by a production run of well over 50 years. The origin of the GMT Master, though not well-documented, seems to trace back to the early 1950s as a collaboration between Rene-Paul Jeanneret, Rolex's public relations director, and Captain Frederick Libby, a pilot working for Pan-American Airlines. Jeanneret responded to an inquiry from Pan-Am for a watch that both displayed the time and the date in a clear and easy-to-read manner, and had the ability to display a second time zone. Jeanneret, with Libby's advice, modified an existing watch case that already had an external revolving elapsed time bezel and re-marked the bezel to display 24 one-hour intervals. An existing automatic movement was redesigned by adding a wheel under the dial that revolved only once in 24 hours, combined with an extra-long arrow-tipped hand that pointed to the bezel. The result was a tough, water-resistant, self- winding watch that would display local time as well as military time or, if the bezel was offset, the time in some other city. As pilots get their weather reports in 24-hour time and also regularly travel through multiple time zones, both features were rather useful. The rare original model of the GMT, model 6542, was equipped with a Bakelite bezel insert that was colored with the classic red/blue motif, but as the bezels proved to be fragile, they were quickly replaced with a similar anodized aluminum insert with the same coloring. That first model was quickly replaced with the more typical 1675 model, which also featured protective shoulders built onto the side of the case to prevent knocking off the crown, a larger arrow hand to aid in visibility, and an improved movement that was more highly jeweled and more precise. Although the GMT was improved Model Details Production Date: 1955 to present Best place to wear one: Climbing into the cockpit of a 1950 Beechcraft B35 Bonanza Ratings ( Rarity: Durability: over the years, the classic 1675 has proven to be very popular with watch collectors. The “Pepsi” bezel, as it has come to be called, seems to have universal appeal. These watches are highly repairable and restorable, as Rolex had them in production for so many years and has maintained a good supply of spare parts. Only the original tritium-coated hands and dials are not easily replaced, as Rolex has moved to a new luminous treatment, and on a vintage watch these new parts glow too brightly for most collectors. The GMT was a technical and financial Parts/Service Availability: Cool Factor: Web: www.rolex.com success for Rolex and has been considered a valuable instrument and badge of honor by pilots and world travelers since its introduction. Be prepared to spend $4,000 if a first-rate 1675 vintage GMT is on your wish list, but that is a great bargain, as the newest version retails for $7,000. is best): Neat Stuff by Stefan Lombard Numbers that count Okay, first off, this is a pocket book that you can take with you when you are checking out a potential sports car buy. It's no good having all the info back home in a book the size of a gas tank and the weight of a gearbox, or scribbled on bits of paper in your pocket that you can't read. Former SCM columnist Michael Duffey's Sports Car Pocket Guide was published in July 2009. It tells you VINs, paint codes, engine numbers—and locations—for 15 popular sports car marques, from Alfa Romeo, Corvette, and Ferrari, to Jaguar, Porsche and Triumph. $20, and just in time for Christmas. www.mychassisnumber.com. CD of style Michael Lamm and Dave Holls's definitive book, A Century of Automotive Style, has just been released in CD format. It explains why American cars look the way they do, who designed what, and why. The fully searchable CD contains the complete book: 308 pages, 900-plus photos, text, and the index. The book was voted a “must have” by magazines in the U.S. and Europe and won the Society of Automotive Historians Cugnot Award. $24.95. 209.931.1056; www.lammmorada.com. 20 Sports Car Market

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In Miniature by Marshall Buck BRE Datsun 240Z The year 1970 was a pivotal one for Datsun (now Nissan), confirming that its earlier success with Brock Racing Enterprises and the 2000 roadster was no fluke. Datsun sports cars were here to stay, and they were accepted and taken very seriously by the racing community. The potent combination of BRE and Datsun Model Details Production Date: 2009–present Quantity: 3,000 (first 146 are autographed) Ratings: from 1968 to 1972 was the proverbial one-two knockout punch, pretty much decimating all other teams in their class. They're taken pretty seriously by model manufacturers, too, with numerous cars having been replicated in small scale. Kyosho has a hit on its hands with the very welcome release of the 1970–71 Overall Quality: Authenticity: Overall Value: Web:www.kyosho.com SCCA CP National champion BRE Datsun 240Z, as driven by John Morton. It has been accurately replicated in 1:18 scale, and the level of detail is impressive. Overall fit and finish are great. The high gloss paint is perfectly applied and appears to be hand-polished, with only a hint of orange peel showing, which most people probably won't notice. All graphics are also perfectly applied. The only disappointing omission is the lack of Goodyear lettering and blue streaks on the side walls of the racing slicks. I wish they had paid for the licensing and just charged more. Detailing of the wheels themselves is also a little weak, compared with the rest of the model. All the panels open, and the gaps are so tight—with the exception of the rear hatch—that you'll need to use the thoughtfully enclosed opening tool. Once you've pried open a door and peered into the sparse black and gray cockpit, you'll see just what John Morton saw: a ready-to-grip steering wheel with three drilled spokes, dash with complete gauges, and modified center switch gear panel. The “Wink” four-panel panoramic rear view mirror is there too, along with racing buckets, competition belts, and a roll bar. Pop open the hood and the engine bay features the same modifications and components of the real BRE 240Z. Amongst many things included are the triple Mikuni carbs and underlying heat shield, lots of simulated Aeroquip lines with anodized fittings, and the delicate plug wires, which look great, coming out of red-booted spark plugs. I'd read about the model's details, but was nonetheless pleased to see the underside goodies, such as the skid plate and competition exhausts Sperexed in light yellow VHT paint. Peter Brock and Kyosho's engineers worked very closely together to produce this gem of racing history, and it is a numbered, limited-edition run of 3,000 pieces. Not too limited, but possibly as low as they could go and justify all the tooling costs. Each model comes with a small folded card with a brief note from Brock and an individually stamped serial number. Priced at $139. Want a little more exclusivity? The models bearing serial number 1 through 146 are autographed by both Brock and John Morton, and available directly from Brock Racing Enterprises at $189 each. Standard version available from Motorsports Miniatures: 800.249.3763. Speaking Volumes by Mark Wigginton One Off: The Roads, The Races, The Automobiles of Toly Arutunoff By Anatoly Arutunoff, TRP, Inc., 264 pages, $39.95, Amazon There may be people who have had more fun driving cars, racing cars, owning cars, crashing cars, selling cars, and telling stories about cars than Anatoly Arutunoff, but they never put it all down on paper. Somehow, Arutunoff did put it down, or dictated it, or figured out some way to cage all his thoughts and memories and force them into this ramshackle, streamof-consciousness look back on a life well-lived. The book is “dedicated to those who start smiling and then grinning, when they approach an interesting car.” In other words, it's for and about guys just like Arutunoff. Arutunoff grew up with an interesting case of seasonal geographic whiplash (summers in Hollywood and the rest of the year in Bartlesville, Oklahoma) in a family with roots in both oil and film. He never went through that awkward period where girls or cars weren't attractive, and rather than growing up, he turned it all into a lifestyle. Racing on the streets in a string of American cars tarted up with the best the JC Whitney catalog had to offer turned into racing at Sebring in a '64 Studebaker GT Hawk and the Mille Miglia in a Lancia Flaminia Zagato in '63. He built his own race track (Hallett in Tulsa) by driving around in fields until it felt right, then pouring pavement. He focused enough to win an SCCA championship in a Morgan. On and on the stories go, and they are filled with the magic names of the time—famous drivers he knew, famous cars he once owned. People say he was born nostalgic, which may be be- cause Arutunoff grew up living the life we all day dreamed of while poring over the pages of Sports Car Graphic. We were dreaming—he was living. Living large. Provenance: The '50s and '60s, even the '70s, were a magical time in sports car racing, both here and abroad. From Arutunoff's seat it was all a lark, with real production cars sliding around on skinny tires, great parties, and a full life. Told from the driver's seat, this is as close to oral history as it gets. Fit and finish: For someone who believes in the special, the rarity, the one-off, it is clear Arutunoff never concerned himself with the publishing details. The design and typography are as plain and utilitarian as a Yugo. Drivability: Let's be clear: Toly Arutunoff can't write. Oh, he can tell a story, and he is blessed with a thousand of them, but if you are looking for structure, the telling detail, or an idea longer than a couple of paragraphs, you are in the wrong place. But, really, that's a quibble. You don't complain about how the life of the party is dressed; you just fill your glass and edge closer so you can hear it all. 22 Sports Car Market

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Affordable Classic 630 and 730 BMWs Still at Sixes and Sevens As survivors dwindle, BMW's remaining 633/635CSi coupes and 733/735i sedans (in good condition) gradually become collectible by Rob Sass A lthough it's hard to believe today, BMW nearly didn't survive the late 1950s and 1960s. Thirsty and expensive Baroque sedans, the hard-to-find V8-powered 507 sports car (253 built), and the tiny egg-shaped Isetta wasn't really a formula for success. The “New Class” 1,500-cc sedans of 1962, which led directly to the 2002 and a successful series of 2,500-, 2,800-, and 3,000-cc sedans and coupes, changed that, in rapid succession. Perhaps the crown jewel of BMW's renaissance was the E9 coupe—better known as the 2800 and 3.0CS. Though lovely to look at, it was a hideously rust- prone pillarless coupe and was ultimately unable to meet what everyone thought were going to be rather stringent 1977 federal roll-over standards. In any event, both the E9 coupe and the sedans that shared its underpinnings were looking decidedly long in the tooth by the mid-1970s. The 6 and 7 Series (coupes and sedans, respectively) would replace the 3.0CS coupe and 3.0S/Bavaria sedans in the U.S. in 1977. Paul Bracq designed the TGV train After a stint with Mercedes and then one in France designing the TGV train, Paul Bracq came to BMW and penned the 6 and 7 Series cars known internally as the E24 and E23. While not nearly as lovely as the Hofmeister-designed E9, the E24 Sixer was nonetheless a very handsome and successful design with greater safety built in from a stronger roof and more generous front and rear overhangs. The original E23 7 Series looked very much like a four-door version of the coupe. In the U.S., the initial versions were known as the 630CSi and the 730i. Unfortunately, both cars debuted at a truly horrendous time for internal combus- tion vehicles in the U.S. The approach to emission controls on both cars was particularly ham-fisted. Low-compression heads with air injection, exhaust gas recirculation (EGR), and thermal reactors meant that the horsepower of U.S. versions was a shadow of the European cars. Worse, the amount of heat generated by the EGR and thermal reactors meant that cylinder head cracks and warping were common. For this reason alone, the 1977–79 630i/633i and 730i/733i cars should be of little interest to anyone. A miraculous invention the size of a spark plug In 1980, the Bosch oxygen sensor—a miraculous Details Years produced: 1977–89 Number produced: 633/635CSi coupe, 59,219; 733/735i sedan, 285,029 Original list price: $26,770 (633CSi coupe); $23,575 (733i sedan) in 1979 SCM Valuation: $3,000–$18,000 Tune-up cost: $500 Distributor cap: $29.95 Chassis #: Plate in engine compartment Engine #: Right side of block near oil filter boss Club: BMW Car Club of America 640 South Main St. Suite 201 Greenville, SC 29601 More: www.bmwcca.org Alternatives: 1973–81 Mercedes-Benz 450SLC, 1978–95 Porsche 928, 1976–96 Jaguar XJS SCM Investment Grade: D 24 invention about the size of a spark plug—coupled with the catalytic converter, saved the 633CSi and 733i in America. Gone were the dreaded thermal reactors and the blast furnace-like heat they created. From 1980 on, BMW could set about creating the car the E24 should have been in the first place. The first significant improvement was the change from Bosch L-Jetronic injection to Motronic in 1983. The Motronic box controlled not just the mixture but timing as well and allowed for greater efficiency. The last of the 3.2-liter 633CSi/733i cars also got a very nice optional Getrag 5-speed box in 1984. The definitive versions of the E24 coupe and E23 sedan were the 3.5-liter 635CSi/735i of 1985–89. In addition to some extra displacement, the coupe gained a front air dam and more standard features. One unwelcome addition (particularly for a buyer today) was BMW's flirtation with Michelin TRX tires, fitting only a 390-mm wheel rather than a conventional 14- or 15-inch wheel. Tire technology has rendered the TRX obsolete. The only alternative to buying replacement TRXs at great cost on the specialty tire market is to fit 14- to 16-inch wheels. Both cars were offered briefly as the L6 and L7, with a few additional luxury features standard, but the ultimate 6 Series was clearly the M6 coupe of 1988–89. Offered only with a 5-speed and a 256-hp engine, the $60,000 M6 restored some sorely needed credibility to BMW's late 1980s offerings. Only 5,803 were sold, and they're rare today. SCM estimates values at $14k–$18k, but none has come to auction recently. Factory hot rod Alpina coupes were made in such small numbers that it's a seller's market. Just make sure you get complete provenance. Although not particularly troublesome cars, the most recent E24 coupes and E23 sedans are now over 20 years old. Things like Motronic boxes, ABS pumps, sensors and dash wiring, switches, and motors all fail eventually—with expensive consequences. BMW's notoriously bad rust-proofing improved considerably in the 3.5-liter cars, but you should still be on your guard. Interiors on hot-climate cars also come undone with age, with leather shrinking and plastic cracking. Bad, cheap 6s and 7s abound on Craigslist, and just as with cheap Ferraris, these wind up being the most expensive cars to own once fixed. Only the best of the best are worth considering. And even these are still quite cheap. The nicest 6 I've ever seen was one in St. Louis that was on eBay. I was checking it out for SCMer Steve Haas. A 60,000-mile airline pilot's car, it was nearly perfect in every way. Just as I was giving Haas the thumbs up, another lucky individual hit the “Buy it Now” button for $8,500. As collectibles, it's doubtful these lovely cars will see any serious appreciation anytime soon, although the M6 is probably the best bet. Still, they seem to have made the transition from used car to a minor collectible at this point; they no longer make the socio-economic statement “couldn't afford a new BMW coupe” and now stand as a testament to the owner's discerning good taste and economic stability. ♦ Sports Car Market

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Legal Files John Draneas When “Matching Numbers” Don't Add Up The seller thought it was enough that the engine was the correct type, built the same time as the Camaro, and that its present number matched the VIN T he market places a substantially higher value on “numbers matching” cars, especially in these chal- lenging times. Collectors want the best. Here's a quick description of what “matching numbers” means. In addition to stamping a unique identifying number on each chassis (its VIN), every factory stamps unique identifying numbers on other components—usually the engine and transmission, often the differential, and sometimes the hood, doors, and various other body parts. The factory records generally reflect the identifying numbers, as well as the corresponding chassis number in which they were installed. A “numbers matching” car is one where all the identifying numbers match the factory records for the chassis—or come as close to it as factory practices allow. The fact that all the major components of the car are the same exact ones that were installed by the factory makes the car more original, a more representative sample of the particular model, and therefore more valuable. This isn't high technology. Replacement components come without any identifying numbers, and they can be stamped to match the look of the factory stampings. Stampings can be altered. They can even be removed and restamped. And any of that can be done with such skill that it is extremely difficult to identify the forgery. Given the substantial enhancement that “numbers matching” status can bestow on the value of a collector car, it should be no surprise that unscrupulous individuals restamp numbers to make them conform to factory records. Some people will state—while looking you straight in the eye—that all the numbers match now, and it makes no difference who put the numbers there and when. The case of the smoking Camaro SCM subscriber Bryan W. Shook is a Camp Hill, Pennsylvania, attorney whose practice takes him all over the country, representing victims of classic car fraud. Shook provided “Legal Files” with the details of a case he recently handled involving the restamping of a 1969 Chevrolet Camaro Z/28 engine. The Defendant acquired the Camaro from a co- worker in 2003 for $15,000. The Camaro was equipped with a non-original engine, but the co-worker threw in 26 Only an expert can spot a forgery by an expert a spare rebuildable core engine that was date-coded appropriately for the February 1969 build date of the Camaro. The spare motor had the added bonus of having been stamped (by the co-worker) with the VIN of the Camaro, making it appear to have been the original engine for the car. After buying the Camaro, the Defendant had the spare engine rebuilt and installed it in the Camaro. In 2004, the Defendant listed the Z/28 for sale on eBay. The listing described the car as “Numbers Matching DZ 302 Original,” “unmolested,” “low mileage,” and “as close to being a true survivor as any you'll find,” with nothing disclosed about the true nature of the engine. The Plaintiff bought the car with a high bid of $25,200. Not quite what it looks like In March 2007, the Plaintiff became interested in selling the Camaro. Looking to acquire more details to enhance the sale, the Plaintiff contacted the Defendant to inquire about the specifics of the engine rebuild. At this time, the Defendant came clean and boldly informed the Plaintiff that the engine in the Camaro was not the original engine, but actually a restamp made to visually mimic the original engine. Upon learning of the sham, the Plaintiff retained Shook, who recommended that the Camaro be inspected by an expert. The expert confirmed that the Camaro was a genuine Z/28 model, but that it had a restamped, non-original engine—he was able to tell because the font and clarity of the stamping differed from those employed by the factory during the particular week this Camaro was built. The expert valued the car at $19,500 at the time of purchase, or $5,700 less than the Plaintiff had paid. During the three-day trial, the Defendant testified that he and the Plaintiff had differ- ent understandings of the meaning of the term “Numbers Matching DZ 302 Original.” He thought it was enough that the engine was the correct type of engine, built around the time the Camaro was built, and that its present number matching the VIN was sufficient. The Plaintiff's expert testified that for someone in the market for a 1969 Camaro Z/28, the phrase “Numbers Matching DZ 302 Original” meant that the vehicle has its original 302-cubic-inch engine with its original stampings. The expert further testified that the Sports Car Market

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restamping was very well done. He stated unequivocally that a person without specialized knowledge would not be able to tell the engine had been restamped and accordingly wouldn't know that he had been deceived until someone told him. You win, but how much? The jury had little trouble finding liability, but the problem turned out to be how much to award in damages. There are three ways to calculate the Plaintiff's damages here: 1. What he lost. At the time of trial (January 2009), this particular Camaro (a Z/28 with a non-original engine) was worth about $30,000. That was more than the $25,200 the Plaintiff had paid for it, so at first blush he still came out $4,800 ahead thanks to a rising market. 2. What he overpaid. Although the Plaintiff made money on the car, he still suf- fered a loss because he paid too much for the car. That is, he paid $25,200 for a car that was only worth $19,500. That gave the Defendant $5,700 too much money, and the Plaintiff was denied the ability to do something else with the $5,700. 3. What he could have made. Had the Plaintiff been told that this car was not a true numbers-matching car, he could have passed it by and instead used the same $25,200 to buy a real, numbers-matching, true survivor Z/28 Camaro in the same condition. If he had done that in 2003, he would have owned a Z/28 that was worth $80,000 at the time of trial. That would have been a profit of $54,800, or $50,000 more than his actual $4,800 profit. We don't know why (that's one problem with juries—they don't explain their deci- sions), but the jury in this case took the middle ground and awarded the Plaintiff $5,700. We can speculate that the jury was not going to let the rising market wipe out the Defendant's fraud, in essence allowing him to gain the benefit of the Plaintiff's investment. We can also speculate that the jury may have resisted awarding the additional $50,000 of profit the Plaintiff would have made if he had really received what he thought he had purchased, on the basis that it would have been too much of a penalty for the Defendant to suffer. After all, that was about double the sales price of the car. “Legal Files” can make another observation here. This case presented the interesting situation that, under the “what he could have made” approach to damages, which the Plaintiff clearly favored, we would have the odd fact that the longer the Plaintiff took to bring the lawsuit, the higher the damages became. But that wasn't the Plaintiff's fault, as it was the Defendant who had concealed the true identity of the engine. Of course, we now have a declining market. In a similar case, should the Defendant be able to convert the “what he would have made” claim to a “what he would have lost” defense? We can easily imagine that the value of a particular car may decline so much that being able to recover the amount you originally overpaid would be a pretty good deal indeed. ♦ JOHN DRANEAS is an attorney in Oregon. His comments are general in nature and are not intended to substitute for consultation with an attorney. December 2009 27

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Collecting Thoughts Raymond Milo Reflections on Our Favorite Uncle It has often been said that one has “forgotten more than you'll ever know,” but it was absolutely true about Raymond Milo S CM Contributor, longtime friend, and collector car hobby mainstay Raymond Milo passed away in his Los Angeles home on September 27 at the age of 71. We asked those who knew him to reminisce with us here; more thoughts and Raymond's autobiographical sketch can be found at www.sportscarmarket .com/uncleraymond. It's hard to imagine a world without “Uncle Raymond” Milo. I was fortunate to count my- self among his many “nephews” around the world, and he was a delightful constant, whether I was in Monterey, Scottsdale, Amelia Island, New York, Paris, or Los Angeles. Every day for the rest of my life I will hear that distinctive voice and its trans-European accent. Where else but on the Orient Express, hurtling across the continent, could someone like Raymond have been born? It was a suitably dramatic beginning for a truly dramatic life. As a former opera singer, I've certainly known larger-than-life personalities; many people say I'm no shrinking violet myself. However, Mr. Milo could shade a room full of divas and primo tenori with a just a flick of his cigarette ash and a swirl of his wineglass. Raymond was never less than entertaining whenever you encountered him—he had an inexhaustible font of stories, stretching across the world and the decades, most of which ended with a “lovely young lady” and a bottle of superb red wine. But it was not only as great company that I will remember Raymond. It is as a teacher, mentor, guide, and friend. It has often been said that one has “forgotten more than you'll ever know,” but it was absolutely true about Raymond. Every conversation brought me new knowledge about collector cars, not to mention a glimpse 28 Red wine and a fine cigar, staples into aeronautics, publishing, race car team management, and the right manner in which to travel, drink, and dine. He famously declared he was no collector—when asked he would reply “I collect my mistakes”—but he certainly was an enthusiast nonpareil. If I had to write about a car I didn't know, or if a client of mine had an interest in an obscure model, I would often turn to Raymond for help. On countless occasions, a specific car had come onto the market and when I asked about it, it would turn out that Raymond not only knew about the car, he had either owned it and sold it or been offered it and turned it down 30 years before. And he never hesitated to tell you exactly what he thought of a car or a model or a marque—Raymond was always gracious, but never superficially polite in this circumstance. Raymond was as brutally honest about people as he was cars, and didn't suffer fools, liars, or crooks. It made it all the more satisfying to be admitted to the circle of his friendship.—Donald Osborne, Farmington, CT After 20 years of association with Raymond Milo, the best material for Raymond stories came from the opportunity to share a meal with him. His familiar Louis Vuitton shoulder bag, usually reserved for transporting cash (and occasionally a gun) to a car deal was now a wine tote. Some restaurants couldn't accommodate his taste in and appetite for wine, so he filled his bag with five or six bottles, as well as his “rocket-powered bottle opener,” as I called it. At the end of the evening, the bag would be empty. It was unforgettable to be witness to Uncle Raymond holding court at his favorite Melrose Ave. eatery, Moustache. There he would flirt with the waitresses and badger the manager (“We have already bought five bottles of your overpriced wine. You mean that you refuse to give me this one for free?”). Raymond, fast asleep though upright in his seat, was the signal the party had wound down. Raymond would fall asleep at the table at home, too. I was working in his garage and went upstairs to give him a status report (this is where I would tell him that the motor was still stuck or I had found a gallon of water in the crankcase of his Cooper Bobtail). On this occasion, I found him fast asleep at his kitchen table (still upright in his seat like before). He awoke suddenly and said, to nobody in particular, “Car does not have tool kit.” Moustache is now closed, Raymond is gone, and I will never again receive a late-night phone call telling me, “I cannot find the chassis number on my Darl'Mat.”—Michael Duffey, Los Angeles Raymond Milo was ever the consummate bon viveur, a gentleman from a different era, and one with whom anyone would have been happy to share a railway carriage from Paris to Monte Carlo and chat about cars, girls, wine, cigars, girls, travel, cars, girls, and anything more. We miss you, Mr. Nifty.—Malcolm Welford, Costa Mesa, CA Having lived in Europe for a few years, I appreciated Raymond's culinary interests. It always seemed like he could never get a strong enough cup of coffee: “I use this espresso to water plants,” he once mumbled to me during an SCM breakfast get-together at the Biltmore. The one memory that will always stand out when I think of him is from the night SCM had its group dinner in Scottsdale about six years ago. Former SCM Auction Analyst Dave Kinney stood up and toasted him with, “Uncle Raymond, you are my hero. Not just because of your knowledge of European cars, but because you are dating a 23-year-old!” To which Raymond replied in his quiet, unique way, “Eet ees not a piece of cake.” God bless you, Uncle Raymond.—B. Mitchell Carlson, Oakdale, MN I first met Raymond through my father in the early 1980s. In 1985, after my father passed away, I continually found file folders referencing Raymond and leads on certain cars. My brother Sports Car Market

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We were blessed to be good friends with Uncle Raymond and welcomed him into our Los Angeles home on several occasions for dinner. He seemed to love our home cooking and was always full of wonderful appreciation and compliments, yet perhaps most notably over the many wine-fuelled evenings we shared, he did not once fall asleep nor spill any red wine! When the dinner favors were On the salt with a D.B. record-breaker knew Raymond, my best carfriends knew Raymond; chances are the Pope knew Raymond. That was just the way he was. He understood the concours way of life but found much of the platitudes and posing insufferable and, in his inimitable style, said so. Instead of showing cars, he shared his dynamic life with anyone as long as they returned the favor by being marginally interesting and reasonably entertaining. The hobby has lost an honest patron of this art and, to many of us, a dear friend and cohort in a lifetime of stories.—Raffi Minasian, Walnut Creek, CA I gave Ray a lift back from the Phillip Island Classic historic races a few years ago. The trip to Melbourne is about 70 miles, and we were in my freshly restored DB4. After 20 minutes or so he lit up an enormous, foul-smelling cigarette of foreign origin. It crackled and spat every time he inhaled. I must have looked a little uneasy at my beautiful red leather and wool being polluted by his noxious fumes, but ever the gentleman, he put me at ease. “David Brown smoked these, you know, probably in this very car.” The subsequent dinner was riotous—that's the last time I saw Raymond. A great man who will be long remembered by his many friends in Australia.—Terry Forrest, Woodend, Victoria, AUS I met Raymond about ten years ago at The Auction in Las Vegas. I asked him what he was driving, thinking it would be some impossibly exotic Italian December 2009 creation. He surprised me when he said he was getting around L.A. in a mid-'60s Mustang. “I can fix anything on it with a pair of pliers and a screwdriver,” he declared. He struck me as someone who had probably been everywhere and driven everything, but was satisfied with stuff that worked. In a business where some people are convinced of their own importance, he was pleasantly casual and down to earth. I'm glad to have had the opportunity to get to know him a little.—Bill Neill, Portland, OR I've had the pleasure to have had many dinners with my friend, Mr. Milo—Paris, Scottsdale, New York, and of course L.A. The stories of his intriguing past and his voluminous knowledge of the most arcane marques were interesting to say the least. Usually surrounded by a group of roaring friends, consuming perhaps too much wine, you could always count on him falling asleep, cigarette and drink in hand, only to come right back into the thick of the conversation minutes later. I'll miss that dearly. He was, to my mind, always fair, honest, and laid his cards on the table. I can't say that about a whole lot of people. I'm proud to have called him my friend.—Alex Finigan, Essex, MA During SCM's annual dinner in Scottsdale in 2006, someone around the big round table asked Raymond if he would like a glass of water. “I don't drink water,” he said. “Fish piss in it.”—Jason Glaspey, Portland, OR reciprocated, we always dined at his favorite restaurant—Chocolat (originally Cafe Moustache) on Melrose Avenue, which he had patronized, when not on car-related travels, for the past 30-plus years. His reliable consumption of red wine and rapport with the regularly changing staff secured his rightful position of their most favored customer, and his charming approach to the attractive waitresses never failed to garner affectionate gratitude. Raymond wrote how he spoke; he was informative, fantastically entertaining, and very assured. It would often take a while to finish a tale, but it was always worth the wait.—Mark & Amelia Donaldson, Whitney, Hampshire, UK One of my favorite Raymond memories took place in Hershey about 15 years ago. We were strolling through the fields of mud looking for that bargain of a lifetime when Raymond had a heart attack. I rushed him to the local hospital. The doctor spent several hours with Raymond and advised me that he should stay at the hospital a few days to be monitored. Raymond was convinced he was fine, of course. In fact, he decided it would be funny to ask this Jewish doctor why he worked in a Jesuit hospital. He thought it funny to try to get the nuns to go on a date with him. He was furious that they would not let him smoke in his hospital bed. He asked them for cigarettes, he asked them for a lighter, he even asked them for wine, and he laughed the whole time. He was determined to smoke in his room, and when the nuns would leave, he would sneak into the bathroom to do just that. Raymond loved life, he loved people, he loved to travel, and he loved cars. Raymond Milo loved our hobby and I loved Raymond. I will miss him very much.—Mark Hyman, Maryland Heights, MO ♦ Rest in peace, Uncle Raymond 29

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Events Concours Round-up 2009 Mercedes-Benz Kirkland Concours The seventh annual 2009 Phil Smart Mercedes-Benz Kirkland Concours d'Elegance, held September 13, presented Mercedes-Benz as the featured class. This was in part to recognize the 50th anniversary of the long-term title sponsor of the event. The concours, which takes place at Carillon Point, across from Seattle on the shores of Lake Washington, has contributed over $1m to Seattle Children's Hospital and the Evergreen Medical Center. Edward Herrmann served as Honorary Chairman and SCM Publisher Keith Martin as morning host and co-emcee. Two classes of Mercedes-Benz were recognized, with over a dozen 300SLs, Details Plan ahead: September 12, 2010 Where: Kirkland, WA Cost: $20 More: www.kirklandconcours.com including two alloy coupes, vying for top honors. The Mercedes-Benz Classic class represented seven of the finest Mercedes-Benzes produced prior to World War II. Additional classes included CCCA Classics, Orphan Automobiles, Microcars, Supercars, Brass Antiques, and Preservation. In addition, there was a Special Display class, Vintage Motorcycles with sidecars, and six cars from featured collector James Raisbeck. Capitalizing on the lakeside location of the concours, there was a Vintage Unlimited Hydroplane class featuring five thunder boats that once raced on Lake Washington for the Gold Cup. They included the 1937 Tempo VI, the 1962 Miss Bardahl, the 1959 Miss Thriftway, and the 1967 and 1980 Miss Budweisers. On many occasions throughout the afternoon, with advance warning, several were fired up, and the extraordinary audio cacophony from the huge piston engines delighted those lining the docks. The CCCA Classics class was divided into early and late, with Monte Holm's 1934 Cadillac V16 convertible sedan winning the former and Peter Mullin's 1938 Bugatti T57 Gangloff Aravis the latter. The Mullin Bugatti also won the Kirkland Concours Award. John White's 1941 Chrysler Newport dual cowl phaeton, in Indy Pace Car livery, took People's Choice. Jules Heumann's recently restored 1937 Hispano-Suiza K-6, which was found in a barn in the South of France where it had resided unmolested for 44 years, was presented the Most Elegant Closed Car award. Also in the class was Jay Moore's 1933 Rolls-Royce Continental Gurney Nutting drophead, which won the Kirkland Chamber of Commerce Award. Tough competition indeed. Best of Show, which was sponsored by Griot's Garage, came from the equally competitive Mercedes-Benz Classic Class and was presented to Arturo Keller's 1939 540 Autobahn Kourier coupe. Ray Scherr's 540K roadster, Richard Messer's 1923 28/95 Targa Florio, and the Nethercutt Collection's 1913 37/95 Torpedo received strong consideration. The Junior Judges, a group of 13 students from the Lake Washington School District, after receiving training on the criteria and nuances of judging, selected a 1937 Cord SC phaeton as their favorite. They have been a part of the concours since 2006, and the program is now being included in several other major concours. The Kirkland Concours strives to be one of the premier boutique events in the country, and with the support of many of the finest collections and the generosity of the sponsors, it continues to present some of the nation's greatest automobiles. The 2010 event will be held September 12 and will feature the cars of Carroll Shelby.—Carl Bomstead ♦ Cars from the Pennsylvania Motorsports class The Motor Cars of Radnor Hunt Now in its thirDetails teenth year, the invitation-only Radnor Hunt Concours has established itself as a showcase of transportation in the 20th century. It's held outside Philadelphia, Pennsylvania, on the grounds of one of the oldest clubs in the U.S. devoted to the sport of fox hunting, and the 2009 event benefitted United Cerebral Palsy of Philadelphia. The concours began with a procession of a dozen immaculately restored antique horse-drawn carriages and their equally resplendent passengers, followed by a flyover of three vintage biplanes. Many of the cars on display had received awards at other heavyweight events, and they were complemented by an assortment of antiquarian motorcycles, highlighting HarleyDavidson. The bike class may have been new to Pebble Beach this year, but it's a mainstay at Radnor. Radnor always draws strongly from prominent Pennsylvania-based aficionados. From the featured John Rich Collection were Brass Era cars going as far back as the 1906 National touring car, and including a rare 1911 Rauch & Lang Electric, a 1910 American Underslung, and a 1915 Simplex Crane. Perennial entrant Fred Simeone displayed his ultra- rare Vanden Plas-bodied 1935 Squire roadster, one of six survivors of a mere seven produced. The class entitled “Pennsylvania Motorsports” fea- tured a variety of historic competition machines that were raced in period by drivers or owners with local roots. Racing cars with Pennsylvania history included a 1954 Hilleglass Sprint car and a 1984 Porsche 962, driven by Al Holbert. Taking home the “Radnor Best of Show” award was the 1929 Isotta Fraschini 8A limousine of Morton Bullock from nearby Ruxton, Maryland. The relaxed vibe at Radnor Hunt gives the feel- ing of a garden party, enjoyed by entrants, judges, and spectators alike as the 2009 concours season draws to a close. Mark your calendar for September 12 in 2010.—Dave Olimpi ♦ 1939 Mercedes 540, Best of Show 30 To see SCMers from Kirkland and Radnor, go to www.sportscarmarket.com/septemberconcours. Sports Car Market Plan ahead: September 12, 2010 Where: Malvern, PA Cost: $35 More:www.radnorconcours.org

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Ferrari Profile 1968 Ferrari 365 GT 2+2 Coupe Since restoring a 365 2+2 costs more than they're worth, I'm skeptical when I'm told of a “nice” one. I'm sure there's a worn-out car under the lipstick by Steve Ahlgrim Details Years produced: 1967–71 Number produced: 809 Original list price: $19,900 SCM Valuation: $75,000–$120,000 Tune-up cost: $2,500 Distributor cap: $450 Chassis #: Stamped in frame above right front spring mount Engine #: Stamped on right rear of block Club: Ferrari Club of America PO Box 720597 Atlanta, GA 30358 More: www.ferrariclubofamerica.org Alternatives: 1968–71 BMW 2800CS, 1968–71 Jaguar SII XKE 2+2, 1967–70 Rolls-Royce Silver Shadow MPW coupe SCM Investment Grade: C Comps 1969 Ferrari 365 GT 2+2 Lot 269, s/n 11483 Condition 3+ Sold at $90,045 Chassis number: 12025 S urprisingly, 50% of all Ferraris produced by the mid-1960s were built with four seats. The 365 GT 2+2 was launched at the Paris Salon in October 1967. Sleekly styled in the manner of the limited-edition 500 Superfast, the 365 GT 2+2 was the most refined Ferrari to date. Based on the contemporary 330 GTC, the chassis was made of Ferrari's familiar combination of oval and round steel tubing. Developing 320 hp in its 365 GT incarnation, the well-proven 4.4-liter V12 engine was coupled to a 5-speed gearbox, and the car's blistering performance (top speed 150 mph, 0–60 mph in 7 seconds) was restrained by Girling ventilated discs all around. Endowed with an unusual combination of fine handling and a supple ride, the 365 GT 2+2 was rated by Car magazine as “the most civilised Ferrari yet.” Only 50 of the 809 365 GT 2+2s built were right-hand drive. This right-drive chassis, s/n 12025, was delivered new to Colonel Ronnie Hoare, head of Ferrari's U.K. importer, Maranello Concessionaires. It was displayed at the 53rd International London Motor Show at Earls Court. Reported to have had only four owners from new, in 1983 the car went to marque specialists DK Engineering for an engine rebuild and other restoration work. 12025 is featured in A Guide to Ferrari Road Cars 32 and comes with Ferrari Classiche certification, all service records, and MoTs dating back to 2002. Finished in its original Tourbillon Blue with beige leather, the car is described by the vendor as being in good/excellent condition. A well-documented and properly maintained 365 GT 2+2, it is well suited for continued enjoyment and ready to please its fortunate next owner. SCM Analysis This car sold for $84,923, including buyer's premium, at the Bonhams auction alongside the Goodwood Revival in Chichester, England, on September 18, 2009. I recently overheard a friend tell someone his old 365 2+2 was his favorite of all the Ferraris he'd owned. Knowing him as both an owner and dealer of Ferraris, I thought it an odd pick so I pressed him on the choice. He explained that he liked to drive and his 365 2+2 provided the most sensual driving experience of all his past Ferraris. He felt the interior detailing exceeded any luxury car built at the time. The large wood dash set a warm tone, with accompaniments like a binnacle full of serious gauges, exquisitely upholstered comfortable seats, plush carpeting, and a beautiful headliner. An elegant wood steering wheel with engraved spokes (a Euro-only option) complemented the dash, and even the vent windows were electric (also Euro-only). 1969 Ferrari 365 GT 2+2 Lot S666, s/n 12689 Condition 1 Sold at $182,250 Russo and Steele, Monterey, CA, 8/14/2008 SCM# 117509 Bonhams, Monte Carlo, MCO, 5/18/2009 SCM# 120546 1969 Ferrari 365 GT 2+2 Lot 201, s/n 12945 Condition 2+ Sold at $105,875 RM, Maranello, ITA, 5/17/2009 SCM# 120488 Sports Car Market Photos: Bonhams

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The most sensual Ferrari driving experience He described the enjoyment of the multi-step starting procedure. A flip of the master switch sends current to the ignition. Flipping the “A” switch wakes the “auxiliary” electric fuel pump. Turn the key a quarter turn and listen for the click-click-click to slow as the electric pump fills the Webers. Three stabs of the throttle primes a cold engine, and another twist of the key energizes the starter. Finally, the resulting whir and a roar as the engine comes to life. My friend purchased his 365 2+2 after owning a 330 2+2 and was impressed by the differences in the cars. The standard air conditioning and power steering on the 365 were only available on the very last of the 330 2+2s, and then only as extra-cost options. Independent rear suspension improved handling on the 365s, and new Koni load leveling shocks raised the rear of the car as the trunk was loaded. Maintaining the shocks, as they frequently malfunction, has paid college tuition for many a mechanic's children. The driving experience completes the sensual journey. The precise shifter feel trumps that of any of transaxle cars that followed it. The responsiveness of the engine is incredible, freely revving to redline yet docile and powerful at the low end. The power steering gives just enough assist to make parking pleasurable, while not being overly sensitive on the road. The 365 is definitely not an agile sports car, but it is a superior Grand Touring vehicle. When I first started selling Ferraris, my sales manager was something like 6′ 7″ tall. Put him in a convertible and more of his head was above the top of the windshield than behind it. Naturally, he was a fan of Ferrari's 2+2 models and in particular the 365 2+2. This was in the early 1980s, and it was not unusual for a 365 2+2 to be on its third or fourth owner. It was also normal for one to have been driven daily and thus been nearly worn out. Nothing cheaper than a tired 365 2+2 My boss was a sucker for a cheap Ferrari, and few were cheaper than a worn-out 365 2+2. I don't know if all 365 2+2s were bad by then, or if he just bought the bad ones, but my memories of the cars hardly match my friend's. I'll allow everything he said was true—a good example was and is a wonderful drive—but too many of the ones I saw had worn paint, missing trim, rough interiors, rusted-out exhausts, and smoking engines. I cringed when he bought another one. Since restoring a 365 2+2 costs more than they're worth, I'm highly skeptical when I'm told of a “nice” one. I know it's irrational, but I'm sure there's a worn-out car lurking under the lipstick. 365 2+2s are not fragile, but too often they were rode hard and put away wet. Owners with champagne tastes and beer budgets ruined a few more. A good one can be delightful and a bad one a disaster. If you're looking at one, look closely and know what you're getting into. The Bonhams auction demonstrates the disparity found between 365 2+2s. There were two examples at the sale. Our subject car, s/n 12025, matches my friend's memory. It sounds like a well-kept example, restored as needed. It had a well-documented history, including show car service, a mention in a book, and Classiche certification. The $85k sale price sounds a bit light against U.S. prices, but it was not out of line. The other 365 2+2 at the auction was s/n 13535. Seen previously at auction in 2003 ($18,800) and again in 2005 ($51,000), it sounds like a very average example. The auction catalog proudly noted that two of the wheels had been refurbished—a dubious statement that says a lot about the owner's attitude toward service and adding no confidence in the quality of the car. This time, s/n 13535 sold for $63,407, a good 25% less than the subject car. You can be certain the discount is far less than it would cost to bring 13535 up to 12025's condition. In that light, I'd call s/n 12025 well bought and s/n 13535 well sold. I suspect we'll be seeing the latter again. ♦ (Introductory description courtesy of Bonhams.) December 2009 33

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Sheehan Speaks Michael Sheehan Personalized Road Jewelry The California Spyder options list is 61 items long and growing. If one has a big enough checkbook, one could add $100k to a $197k car by Mike Sheehan How many Komodo dragons does it take to cover the interior of a 430 Spyder? T oday's vintage and collectible Ferrari buyers are usually male Baby Boomers in their late 50s or early 60s who have owned many cars, from Alfa to Zagato, over many decades. They can have one to a dozen or more collector cars, and their Ferraris are usually the top of the food chain in their collection. Most have built their business over decades and pay cash for their toys. They grew up with Italian or British cars and understand and can live with the idiosyncrasies and complexities of the older car. Long term, they view their cars as investments, and a limited-production, coachbuilt, topless or competition Ferrari is expected to be the best one. New Ferrari dealers have always offered a differ- ent perspective, with showrooms graced by the latest offerings from Maranello. Today's new Ferrari buyers are usually in their mid-30s to mid-50s, have “newer” money, and are not afraid to spend it. They want the state-of-the-art, plus the peace of mind of new-car reliability, and will write the check to pay for it. Newcar pride of ownership and a factory warranty are an acceptable trade-off against instant depreciation. Their Ferraris are not investments, but then neither are the M-Bs or BMWs that share their garage space. These buyers are unusually disinterested in the older Ferraris and many don't know a Lusso from a 275 GTB. A dizzying array of options available For decades the only options on any Ferrari were the paint and interior color. If the buyer was well connected at the factory, he might be able to order an unusual paint or interior color combination. With the reign of Luca 34 di Montezemolo the rules changed, and Ferrari joined other high-end manufacturers with an options list. In mid-1998, Ferrari introduced the Carrozzeria Scaglietti Personalization Program on the 355, 456, and 550, which began modestly by offering “Daytona” seats, modular wheels, fender-mounted “Scuderia” shields, and colored seat piping. With the introduction of the 360 and 575, the options list ramped rapidly upward, with Challenge grilles, carbon fiber interior, engine and intake kits, and so on. Various options packages have been marketed, such as the Fiorano handling package, or the Schumacher option for the 550, and later for the 456, which featured special colors and trim, or the recent Sessanta package for the 612. Ferrari's latest is the Atelier (or Studio) customization program, usually reserved for the 612 and 599 buyers who want to pick out the options for their car at the factory. The buyer has five minutes of glory The options lists grew ever longer, and with the new California Spyder, Ferrari has done a masterful job of the up-sell, giving each buyer his five minutes of glory checking off items on the options list, all in the name of today's exclusivity. We start with a plain Jane stripper California Spyder, with gas guzzler and delivery costs included, for a mere $197,349. Under “Racing and Track” options one can add MagneRide Dual Mode shocks for a modest $5,114. Next on the options list is the “Exterior Colors” section, with an “out of range” paint option for $8,712. If one prefers, he can have Ferrari's “COLORI ANNI '50 e '60” paint for only $10,568. Want to add Scuderia fender shields? Another $1,542. Red brake calipers? $1,259. Black external A-pillars? $1,889. 20″ Diamond Finish Sport Wheels? $4,422. How about a carbon fiber rear panel? Another $1,889. And it doesn't stop there. Moving to the “Interior and Materials” list, one can order a carbon fiber driving zone with LED steering wheel for $6,768. Daytona-style seats for $3,305. Electric seats for another $5,194. Colored seat piping at $865. Colored seat belts for $802. A red tach for $724. Upper carbon fiber trim interior for $5,666 and carbon trim on the door panels for another $5,666. Alcantara passenger carpets will add another $2,407. A dual color interior with Daytona seats will tack on $5,509, while leather and Alcantara will add another $6,296. Sports Car Market

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Onto the “Equipment and Traveling” category, where an iPod connection is $881. Rear seat luggage is $3,221. Trunk-mounted luggage is another $6,216. Advanced headlights(?) add $1,809, while cruise control is $1,046. A front parking sensor is $1,470, while a rear camera is $3,463. The hi-fi sound system is $5,037.... In all, the California Spyder option list is 61 items long and growing. If one has a big enough checkbook, one could spend $100,000-plus on options—on a $197,349 car. How about an alligator interior? A few examples of options gone wild are a Fly Yellow with alligator interior 430 Spyder that resides locally. While the normal MSRP on a 430 Spyder is in the $215,000 range, s/n 152545 had an original MSRP of $413,034—about $150,000 for the alligator seats, door panels, steering wheel, roll bar hoops, sun visors, etc., for $200,000 in total options. One would think that after spending over $200,000 in options, the owner would keep it forever, yet it was back on the local dealer's floor after a mere 285 miles. Sadly for the owner, his very personalized options make the car much harder to sell, and so any equity in $200,000 in options is non-existent, a polite way to say he kissed off two hundred large. Another example of what can only be described as wretched excess is a 612 Sessanta, s/n 157625. The Sessanta 612 was a limited run of 60 individu- ally numbered 612s celebrating Ferrari's 60th anniversary. While all were heavily optioned, s/n 157625 was truly optioned out with Rolls-Royce Arctic White paint, white quilted leather, power seats, a white tachometer, red stitching and seat belts, diamond-quilted seat and door inserts, carbon fiber interior trim, white carpets and mats, a glass roof, white leather trunk with red stitching, shields, front and rear parking sensors, ball-polished modular wheels with silver center caps and gold Prancing Horses, yellow calipers, carbon ceramic brakes, and more. The price? A modest $450,000. When this car comes up for resale, it will bring south of $200,000, and that number will only keep dropping… What would Enzo think? I know I'm giving away my advanced age, but I grew up in a time when owning a Ferrari meant the ultimate in driving experience, usually reserved for long drives on late nights or weekends, often at indecently high speeds. I owned and drove s/n 12547, the alloy-bodied prototype Comp Daytona, as my only car from 1974 to 1977, and hit 150 in 4th gear, every night, on my way home to Laguna Beach. I'm the first to admit that run would be impossible today, as the entire area has been built up and traffic is much heavier. The performance of today's Ferraris is now so far past speed limits that they are virtually unusable in real-world circumstances. Gone are the days of would-be owners reading Road & Track late into the night and setting their own valves. Like a Rolex or Cartier watch, today's Ferraris have become road jewelry and fashion accessories. And they are eagerly bought by those who can afford to outfit them the way they want. I'm not claiming the old days and ways were better—just different. And the truly wealthy Ferrari enthusiast today can have the best of both worlds: a new California Spyder, customized to his taste, with a warranty, on one side of the garage ready for the daily grind, and a vintage California Spyder on the other for cruising to Cavallino and the Quail. ♦ December 2009 35

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English Profile 1934/37 MG K3 Magnette Roadster This kind of “restoration” has happened to a number of important historic specials, when it was realized they were worth more dead than alive By Miles Collier Details Years produced: 1933–35 Number produced: 33 Original list price: $3,975 (£795) SCM Valuation: $150,000–$250,000 Tune-up cost: $1,000 Magneto cap: $150–$250 Chassis #: Right side of firewall below wiring block Engine #: Stamped into small pad on left rear of block beneath exhaust header Club: Vintage Sports Car Club The Old Post Office, West Street Chipping Norton, Oxfordshire OX7 5EL More: www.vscc.co.uk Alternatives: 1933 MG J4, 1927 Amilcar CO voiturette, 1930 Maserati Tipo 26 SCM Investment Grade: B Comps Chassis number: K3015-2 D etermined to extend MG's racing and recordbreaking activities into Class G (1,100 cc), Managing Director Cecil Kimber announced the MG K-series “Magnette” range at the October 1932 London Motor Show. It comprised the roadgoing K1 (four-seater) and K2 (two-seater), as well as the sports racing K3. Two of the first three production MG K3s finished 1st and 2nd in the 1,100-cc class of the 1933 Mille Miglia. As a result, MG became the first non-Italian manufacturer to be awarded the prestigious team prize. K3s had very successful racing careers in the 1930s. Whitney Straight won the Coppa Acerbo Junior, which convinced Tazio Nuvolari to pilot a K3 in the September 1933 Ards Tourist Trophy, which he won. A few weeks later, Eddie Hall's K3 took the checkered flag in the Brooklands 500 Mile Race by 28 minutes over 2nd place. Then Charles Martin and Roy Eccles finished 4th overall (1st in class) at the 1934 Le Mans 24 Hour race—the best result ever achieved by an MG. Keen amateur racing driver JHT Smith spent a substantial portion of his 21st birthday inheritance on a K3 in autumn 1934. JB 3180 arrived stripped of roadgoing accoutrements and sporting a rakish pointed-tail body. Smith took much of the 1935 season to adapt to the K3, then had a new, larger-capacity light-alloy fuel tank and shallower radiator fabricated, and he lowered and slimmed the bodywork. After some success, Smith transformed the car into a single-seater for 1937. From the factory, Smith procured a new engine block, “bronze” cylinder head, crankshaft, front axle, and chassis frame. In the winter of 1936–37, JB 3180 was overhauled and also received a new, sleek, monoposto 36 body. It competed at Brooklands, Donington Park, and Crystal Palace with success. At the beginning of 1938 season, as JB 3180 was being overhauled again, another K3 owner, A.P. MacArthur, bought the original frame. The year was Smith's most successful season, with an outright win at Crystal Palace and an all-time Campbell Circuit class lap record at Brooklands. JB 3180 was treated to another revamp in 1939, with changes to the engine, supercharger, steering, front axle, and brakes, and it received a new monoposto body. The old body was sold to MacArthur, who had bought the original frame. After storage in WWII, JB 3180 returned to furious competition in the hands of new owners and was either being raced or on static display clear through 1990, at which point it was sold to Switzerland and rebuilt again. Returned to England in 1995, it continued to race, then was put up for sale in 2000 by then-owner Peter Gregory. But the car's single-seater specification deterred buyers, so Gregory restored the K3 to “slab tank” configuration. Rather than waste the special front axle, second monoposto body, and heavy-duty hydraulic brakes, Gregory incorporated them into a new singleseater which he based on a truncated MG KN chassis. Meanwhile, the original chassis utilized by JB 3180 had also been restored to Mille Miglia specification. Although this second car had not existed as a complete entity for over 60 years, its owner felt just as entitled to the registration number and identity of JB 3180, and he appealed to the Driver and Vehicle Licensing Agency. In Gregory's favor was the fact that he retained the 1935 MG K3 Magnette Replica Lot 663, s/n K0322 Condition 2+ Sold at $82,355 Bonhams, Goodwood, UK, 6/24/2005 SCM# 38646 1933 MG K3 Magnette Replica Lot 2244, s/n K0326 Condition 1 Sold at $181,500 RM, Marshall, TX, 4/20/2007 SCM# 44865 1934 MG K3 Magnette Replica Lot 210, s/n KN0380 Condition 3 Sold at $82,250 RM, Phoenix, AZ, 1/20/2000 SCM# 13272 Sports Car Market Photos: H&H Auctions

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original buff registration book, which had been handed to JHT Smith in 1934. Smith may have sold the original chassis to MacArthur as a spare during the late 1930s, but he kept the buff logbook so as to preserve the singleseater's identity. After careful deliberation, the DVLA agreed with Gregory and he kept JB 3180 and even got the chassis number K3015, even though those digits were not visible on the car's replacement chassis frame. The second car that laid claim to the registration mark JB 3180 was issued with the registration mark CAS 398 instead. It should be noted that the MG Car Club's Triple M Register disagrees with one of the DVLA's conclusions: The Triple M Register records the chassis number of JB 3180 as K3015/2 to differentiate it from the chassis number K3015, which they consider should still reside with the car built up using the original frame. For all that JB 3180 is arguably the antithesis of a “matching numbers” car, we believe it to possess continuous history as an MG K3. Described by the vendor as being in very good condition with regard to its engine, pre-selector transmission, electrical equipment, interior trim, bodywork, and paintwork, its history file includes the original buff logbook, numerous period race programs, and a wealth of documentation. SCM Analysis This car sold for $381,150, including buyer's premium, at H&H's Buxton, England, auction on September 16, 2009. Aside from the remarkable, world-record price, this sale is unusual in that our subject automobile illustrates four important value-influencing factors at one time. And in this case, given that there are two other discrete historic automobiles currently in existence that have some colorable claim to major parts or provenance of our subject car, the role of one factor, “continuous existence,” looms large in our story. But we'll get to all that in due time… First, a little background for context. The MG K3 is arguably the greatest MG ever built. Prior to its appearance, truly effective racing cars were either Italian or French. To be sure, England had her share of reasonably competent small-bore, club-oriented cars in the form of Austin, Frazer-Nash, Riley, and so on. But the K3 could take the fight to the best of the Italians and the French and win in class. This they did in the 1933 Mille Miglia, and outright (on handicap) in the RAC Tourist Trophy. In 1934, one won the Italian 1,100-cc championship, another achieved 4th overall and 1st in the 2-liter class at Le Mans, and so on. Indeed, a K3-based streamliner, EX-135, set international speed records at over 200 mph both before the war and, with Major “Goldie” Gardner, after as well. They were driven in period by the Who's Who of racing, from Nuvolari to Lord Howe, Eddie Hall, and Tim Birkin, just for starters. Thirty-three K3s were built between 1933 and 1935, and roughly 29 exist today, though 23 were reported extant by F. Wilson McComb in 1966. Due to the nature of British racing in the 1930s, it was common to rebody sports cars with single-seater coachwork for lighter weight and better aerodynamics. Such rebodied K3s were capable of lapping the outer circuit at Brooklands at speeds approaching 120 mph, an extraordinary feat for an 1,100-cc car. Needless to say, there is great demand for these cars among collectors and a dearth of “no stories” cars. Our subject car is well known in MG circles and enjoys an extensive racing history, the high point of which was a 2nd in class at the 1935 Mille Miglia, many physical iterations ago. JB 3180 achieved its history by being ruthlessly used and modified in period to remain competitive. Like many other K3s, it was rebodied in period as a singleseater. It was also heavily modified mechanically, receiving a new chassis, relocated engine, special front axle, new block, bronze cylinder head, hydraulic brakes, special steering gear, lowered radiator, and so on. All of which adds up to the first noteworthy value factor of the December 2009 37

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English Profile four: With competition cars, history often comes at the expense of condition. The second notable issue is the product of the some- time conflict between historic value and monetary value. Make no mistake—they can conflict. JB 3180's historic value lies in its career as a slim-bodied, open-wheel, single-seat special, like a baby Grand Prix car—far removed from its two-seat sports car origins. Much of its content had been replaced in period with modifications intended to further its efficacy in competition. While of immense historic interest, such a special is far less valuable than an intact and untouched K3 sports car. So it was that in 2000, a former owner “restored” the car to its “as-manufactured” configuration. In so doing, JB 3180's monetary value was enhanced, and its historic value destroyed. Alas, this kind of “restoration” has happened to a number of important historic specials, when it was realized they were worth more dead than alive. The third point to note is that while it is an accepted practice to restore a car to a moment in time, only certain cars are candidates for this approach—those that incorporate all, or virtually all, the components from that moment. When subsequent modifications have taken that original fabric beyond the “reversibility point,” such restoration ceases to be constructive and turns to vandalism, or potentially worse, the creation of, at best, a resurrection or, at worst, a replica of the original. Indeed, so extensive were the take-off parts that a shortened MG KN chassis was built up into a replica of the monoposto version of JB 3180 using the period front axle, brakes, and body work, and, presumably, any other non-K3 factory components. The final and probably most important value- determining factor here is manifest in our subject's registration number: JB 3180. It is important to understand that registration numbers in Britain stay with their automobile permanently. Because of this property, British competition cars registered for the road may be easily identified through their careers by the display of their unchanging registration number. Think of it as being as definitive as having the car's serial number prominently visible. The identity of a particular racing car is made easy and unambiguous. Indeed, famous competition cars are often referred to by their registration numbers—CUT 7, BUY 1, and so on. Except things can go wrong. Once the historic integrity of an object is lost through breaking it up into major components (having had two chassis, for example), we encounter the requirement for paper to support history. The question of where the original registration number goes becomes crucial. In this case, the original title and registration number, under the British system embodied in the “buff logbook,” have remained with JB 3180 throughout its many “George Washington's axe” incarnations of five bodies, two chassis, two and perhaps three engines, three front axles, three sets of brakes, and so on. It was this document's continuous association with our subject car that the licens- ing authorities used to confer the original license number, JB 3180, on our K3 in opposition to the claim made by the owner of the now-rebuilt original chassis, K3015 (and probably the only extant component from JB 3180's 1935 Mille Miglia exploit), which was replaced in 1937. So now three versions of our subject car exist. There is the original Mille Miglia chassis, K3015, built into a complete K3 but registered with a contemporarily determined registration number. Second, our subject car, carrying a modern chassis number, K3015-2 (the original chassis having the valid claim to the factory number), but carrying the historic registration number, JB 3180, due to our subject's continuous legal existence as an automotive entity from date of registration to the present. (And it is this notional concept of “continuous existence” that trumped authenticity and originality at the H&H auction.) Finally, a KN-based single-seat replica of JB 3180 exists, carrying neither the serial number nor the registration number, but carrying its non-MG period racing parts with most of JB 3180's real history. At this point, it would be better to take the log book to car events and leave the car itself home. I would imagine that the extraordinary result here was due to two determined but not terribly discriminating bidders vying for a recognized, event-acceptable, usable, “weapons grade” version of a very desirable but hard-to-find model. The underbidder should be thrilled to be out of it. Very well sold. ♦ (Introductory description courtesy of H&H.) 38 Sports Car Market

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Etceterini & Friends Profile 1937 Renault TN4H Autobus You could take your 50 closest friends (including standees) out for a rolling aperitif, to a showing of “Inspector Maigret” films, or to work, in the HOV lane by Donald Osborne Details Years produced: 1931–37 (TN Series) Number produced: 2,800 Original list price: Unknown SCM Valuation: $10,000–$20,000 Tune-up cost: $400 Chassis #: Brass plaque on frame crossmember in engine compartment Engine #: Location n/a Club: Renault Frères Club More: www.renault-freres.org.uk Alternatives: 1937 Bristol K Series, 1937 Yellow Coach Model 733, 1938 Mercedes-Benz D38 SCM Investment Grade: D (depends what you charge for fares) Comps 1952 Flxible 218 B1 51 Lot S176, s/n 8157 Condition 3+ Sold at $98,050 Chassis number: 825043 F ounded by Louis Renault and his brothers Marcel and Fernand in 1898, Renault engineering was of the highest quality, from the outset. The arrival of multi-cylinder models in 1900 really put the company on the map. As well as motor cars, Renault manufactured taxis, buses, and commercial vehicles in the years before the Great War, and during hostilities branched out into munitions, military aircraft, and armored vehicles. By the war's end, this diversification had seen Renault established as France's biggest manufacturing enterprise. When the Société des Transports en Commun de la Région Parisienne (STCRP) decided to replace trams with buses, it chose the Renault TN4, which had been introduced in 1929. One of the last of the TN series, the TN4H was launched in 1936 and belongs to the final generation with a directly accessible rear platform. In order to create more passenger space, the TN4H adopted a “cab forward” layout, doing away with its predecessors' pig snout. Compared to previous models, the body was restyled and extended (to 30 feet, 7 inches), boasting five side windows with rounded corners instead of four rectangular ones. The four-cylinder petrol engine displaced 5,883 cc and produced 58 hp, which was good enough for a top speed of 40 kph (25 mph). Weighing seven and a quarter tons unladen, the TN4H could accommodate 50 passengers. A total of 410 TN4Hs were ordered by the STCRP, the last of which was not withdrawn from service until January 1971. 40 This particular TN4H comes with a good history file containing its original 1937 Carte Grise and a letter from the Régie Autonome des Transports Parisiens museum stating that it was in service in Paris from June 4, 1937, to January 15, 1971. The vehicle, which has been fitted with two new bat- teries, also comes with an original specification sheet and parts list. The vendor advises that in 1991 he drove the TN4H to Paris, a trip that was widely reported in the press, and that it runs perfectly and is totally original throughout. The interior is said to be excellent, retaining its varnished wooden ceiling and enamelled notices conveying messages such as “Do Not Lean Out Of The Window” and “Only 9 Standing In This Area,” etc. A quantity of spare parts is included in the sale. SCM Analysis This vehicle sold for $18,745, including buyer's premium, at the Bonhams auction alongside the Goodwood Revival in Chichester, England, on September 18, 2009. It is not particularly unusual to find enthusiasts who collect commercial vehicles. There are those who fancy dump trucks, and others who are drawn to buses and coaches. (A “bus” is a local, commuter-type utility vehicle, while a “coach” is a fancier, usually longdistance conveyance. This Renault is the former.) Apparently, these TN-series buses, especially the TN4, are as iconic in the world of public transport in France 1950s Harrington Junior Coach Lot 50, s/n 2196 Condition 3 Sold at $5,693 Christie's, London, UK, 11/29/98 SCM# 2180 Sports Car Market 1961 Leyland Routemaster Lot 330, s/n RM447 Condition 4Sold at $10,925 Bonhams & Brooks, Sugar Grove, IL, 6/9/2001 SCM# 23418 Mecum, Indianapolis, IN, 5/13/2009 SCM# 120537 Photos: Bonhams

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as the famed red Routemaster double-decker buses in London. With their long service life, millions would have remembered riding these Renault buses as residents of—or visitors to—Paris and its environs. Few buses survived after retirement It's difficult to find vintage buses that have survived their retirement. Coaches were often converted into campers and thereby saved, albeit with heavily modified interiors. Few public buses would have been sought after for this, as not only were they far more Spartan to begin with, but their low gearing and weak power output make them unsuitable for long-distance use. That's another reason to marvel that the TN4's former owner actually drove it from the U.K. to Paris. At a top speed of 25 mph, it must have been a very long trip. Restoring an old bus must be a true labor of love, as it's hard to imagine recouping the rebuild costs on such large vehicles. On the other hand, they were robustly built and for the most part simply trimmed; the restoration skills required are more the blacksmith and carpenter type than English wheel artisan variety. What makes one of these more desirable than another is the degree of originality it retains from its service life. This example would appear to have a lot going for it, as it retains details down to the signage and window shades. The interior, including the wood-paneled ceiling, was said to be original and in the catalog photos looked to be in very good condition. Although not stated, it must have been retired to a museum prior to the seller's ownership, as it's unlikely to have remained in a condition suitable for refurbishment if left to rot, as most of these were. Of course, as an outsider to the bus scene, I also wondered—as I'm sure you do as well—what do you actually do with a bus once you have one? I suppose you could take your 50 closest friends (including standees) out for a rolling aperitif, to a showing of “Inspector Maigret” films, or to work, very slowly, in the HOV lane. Check if you'll need a CDL In addition, you should check with your local DMV for licensing and insurance requirements. My home state of Connecticut cares not that the bus is over 70 years old, but only that it weighs seven tons and carries 50 people. Therefore, a CDL (Commercial Driver's License) is required to drive it if you intend to carry anyone not in your immediate family. Buses of this vintage are noisy, and many owners report they can be exhausting to drive, but all enjoy the camaraderie of fellow enthusiasts as well as the public, who invariably have strong memories of riding in these when in service. If you are not a bus or truck driver, you obviously have to bone up on wide turning and slow, steady braking. Driving a vintage bus demands a level of patience beyond that required for a car of a similar age. Indeed, it's probably akin to a car a few decades older. Apart from the usual rallies and meets for bus owners, an evocative “foreign” example such as this is also sure to find work in films. All considered, it has to be a bargain at under $20k—that's only $1.31 per pound. ♦ (Introductory description courtesy of Bonhams.) December 2009 41

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German Profile 1973 Porsche Carrera RS Touring The most distressing point is that the whereabouts of any original parts from chassis 1316 do not appear to be known by Chip Lamb Details Years produced: 1972–73 Number produced: 1,580 (Touring & Lightweight) Original list price: $16,500, approx. SCM Valuation: $175,000–$300,000 Tune-up cost: $400 Distributor caps: $25 Chassis #: Horizontal bulkhead under front hood Engine #: Engine block to right of cooling fan Club: Porsche Club of America 5530 Edgemont Dr. Alexandria, VA 22310 More: www.pca.org Alternatives: 1961–69 Jaguar XKE coupe, 1968–74 BMW 2800/3.0CS coupe, 1968–73 Ferrari Daytona coupe SCM Investment Grade: A Comps Chassis number: 9113601316 enable the factory to enter Group 4 competition in the Special GT class, with a minimum build requirement of 500. However, the demand for this fabulous car proved so great that the production run was later extended by another 1,300-or-so units, qualifying the RS to also compete in Group 3, which it would dominate. The Carrera RSR GT-category racer collected overall wins in the World Sportscar Championship at Daytona and the Targa Florio in 1973, defeating 3-liter prototypes from Ferrari, Matra, and Mirage-Ford in the process—an outstanding achievement for a production-based car. Delivered new to Frankfurt, Germany, in May 1973, P the car offered here, chassis number 1316, is a genuine Carrera RS Touring model, which has been re-shelled using the body from a period-correct Porsche 911T. Until relatively recently, it had been assumed that 1316 retained its original bodyshell; indeed, previous owners dating back to 1985 were unaware it had been re-shelled. The obvious conclusion is that this was done relatively early in the car's life, almost certainly necessitated by an accident. Porsche ran out of genuine replacement RS bodyshells quite quickly, which is hardly surprising when one considers how many cars were actively campaigned in various forms of motorsport, making an alternative shell the only way of keeping it on the road. The original Porsche factory chassis plate bearing the number 9113601316 has been welded into the replacement bodyshell. 42 orsche revived the Carrera name for its top-ofthe-range 911 in 1972–73. Designated Carrera RS (Rennsport), the newcomer was intended as a limited-edition “homologation special” to Otherwise, 1316 is to RS Touring specification, the 911/83 engine, aluminium front cross beam, front brake calipers, fuel tank, and various other components being correct for this model. (The current engine started life in chassis number 0243, built in January 1973.) Numbered 02127335131AT, the gearbox is a factory exchange unit fitted relatively recently by Porsche's Classic Workshop at the behest of a previous owner, a Mr. Johansen, at a cost of $13,861. 1316 comes with a substantial file of history. Among other works, the file documents an engine rebuild carried out by Autohaus M Rauh in 2005 at a cost of $19,260 (Mr. Rauh owned the car for ten years), as well as a full cosmetic restoration and repaint in original livery undertaken recently in the U.K. at a cost of about $13,000. In addition, the car was serviced and dynamometertested by marque specialist Bob Watson in April 2008, producing a healthy 225 hp. During Mr. Rauh's and Mr. Johansen's ownership, the car apparently competed in several international motorsport events, and new FIA papers are on file. Finished in India Red with black leather interior, this immaculate Carrera RS Touring is offered with current road fund license and a Porsche heritage certificate listing its original specification. SCM Analysis This car sold for $99,267, including buyer's premium, at the Bonhams auction alongside the Goodwood Revival in Chichester, England, on September 18, 2009. With the recent collapse in the American market for rebodied examples of blue-chip muscle such as 1973 Porsche Carrera RS Lot S659, s/n 9113600558 Condition 1Sold at $302,500 Russo and Steele, Monterey, CA, 8/14/2008 SCM# 117476 1973 Porsche Carrera RS Lot 4597071911, s/n 9113600578 Condition 1Sold at $215,000 eBay Motors, 2/1/2006 SCM# 40884 1973 Porsche Carrera RS Lot 984, s/n 9113600507 Condition 3+ Sold at $97,200 Barrett-Jackson, Scottsdale, AZ, 1/26/2005 SCM# 37051 Sports Car Market Photos: Bonhams

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COPO Camaros and Hemi 'Cudas, let alone the floodtide of “tributes,” “replicas,” “re-creations,” “evocations,” and “pro-street” machines, any follower of the collector automobile market is very clear about the values of real vs. “reborn” examples. Retired race cars with less than top-tier status have a more legitimate excuse for being reborn in bodies that did not start out as one of the few examples of their purpose-built breeds; some things are just unavoidable when a car is driven in anger. However, a re-creation's collectibility suffers when neither the engine nor transaxle comes from the original car, whose chassis number was grafted into the pedestrian 911T shell employed in the reshelling (in this case, all properly disclosed by the auction company). Carrera RSs have seen a surge in value over the last decade. The first Porsches since the 4-cam 356 to bear the Carrera name, they have always had a special place in the Porsche hierarchy. Until the last decade, however, more often than not they have been the property of dedicated Porsche aficionados and seen regular club and track use, rather than static time as display centerpieces in the hands of speculative collectors. This helps to diminish the “shock and awe” from the auction company's statement that owners prior to the current one back into the mid-1980s were unaware, or just didn't much care, that the car was not all it was cracked up to be. Where are the original parts The case before us just does not convey enough legitimacy in its known competition history or content to merit paying for more than a recently built replica of an RS, however well-prepared. Because it has been replaced by another numbered RS mill, the absence of the original engine is tolerable, while the recent absence of the original transaxle due to the swap that took place in Germany would seem to have been avoidable. The most distressing point is that the whereabouts of any original parts from chassis 1316 do not appear to be known. Further, apart from some recent vintage racing activity and mechanical and cosmetic work within the course of the last decade, nothing is known of any remnants of the original Carrera RS, whose chassis number stamping might be all that remains of the original car. A genuine RS will bring north of $250,000 in today's market. Clearly, this bidder knew exactly what he was getting—a well-executed replica with current FIA paperwork, solid mechanicals, and recent cosmetics. In this case, it should be considered well bought for fun, and well sold as any sort of collectible investment. ♦ (Introductory description courtesy of Bonhams.) December 2009 43

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American Profile 1932 Ford Khougaz Lakes Roadster Opportunities to buy beautifully restored, award-winning, authentic dry lakes-racing '32 Ford roadsters with unquestioned provenance are rare by Ken Gross Details Years produced: 1932 Number produced: Deluxe roadsters, 6,983; Standard roadsters, 520; this custom, 1 Original list price: $500 SCM Valuation: $200,000–$225,000 Tune-up cost: $250 Distributor cap: $75 (Harman & Collins magneto) Chassis #: Top of left front frame rail Engine #: On bell housing, top center Club: Goodguys Rod & Custom Association PO Box 9027 Pleasanton, CA 94566 Chassis number: 18155453 F ord's classic 1932 roadster, better known as “the Deuce,” is the quintessential hot rod. Great-looking, with timeless lines, light weight, especially when shorn of its fenders, equipped with a souped-up Ford flathead developing three to four times its original output, and transmitting that power through a 3-speed top-loader with a Lincoln-Zephyr close-ratio cluster, this historic roadster, and many like it, were enthusiastically raced at California's dry lakes and later at the Bonneville Salt Flats. Top speeds of over 130 mph were eminently attain- able. Running on alcohol fuel in 1946, this famous roadster hit 141.95 mph at El Mirage Dry Lake. Its builder, a battle-tested former Army Air Corps B-17 waist gunner named Jim Khougaz, had his own way of dealing with the Deuce's “barn door” aerodynamics. Khougaz channeled his '32 roadster seven inches over the frame, then crafted a filled and sectioned grille shell to match. To compete with small-silhouette lakesters, he faired the body into the frame, then fabricated a fulllength aluminum belly pan. A flat spoiler panel in front of the grille kept the nose down at speed. Running sans windshield, with a full tonneau cover, his roadster cut beautifully through the wind. Khougaz installed an original '34 Auburn instru- ment panel, complete with a full set of Stewart-Warner convex-lense gauges and a Bell fuel pressure pump. The distinctive finish was a custom shade of blue with dark red wheels. A pair of classic '39 Ford teardrop taillights and a rolled pan finished the rear. For the street, Khougaz fitted a '32 Ford windscreen that was chopped three inches. Khougaz built his own high-output 286-ci flathead, using the best speed equipment of the era—a Winfield SU-1A cam, finned, high-compression Edelbrock heads, and a four-carburetor Edelbrock intake manifold, with twin Wico magnetos, and later a Harman & Collins magneto. The block was ported and relieved, and all reciprocating parts were carefully balanced, (a specialty that would earn Jim Khougaz his living). The hood was 44 extended two inches and the engine was cooled through custom louvered side panels. At first, the roadster was Jim Khougaz's street and race car. He built a column shift setup for the 3-speed transmission, and installed a '48 Ford steering wheel. As his speeds rose, the roadster became more competitionfocused, until it was virtually unusable as anything but a racer. After winning a sizeable collection of Southern California Timing Association (SCTA) timing tags, Khougaz retired this car in the mid-1950s. Occupied with his engine balancing business and the building of a 200 mph-plus T Lakester, Khougaz stored the '32 roadster in his loft for 40 years, then sold it to an Indiana dentist, Dr. Mark Van Buskirk, who shipped it to Dave Simard at East Coast Custom in Leominster, Massachusetts, for a five-year, body-off restoration. Unused for decades, the roadster was remarkably complete. Simard was able to save a great deal of the original sheetmetal. He and his crew fabricated a new belly pan and wherever possible, they used N.O.S. parts. Steve Pierce of Gilford, New Hampshire, matched the original interior in pleated cordovan leather and fabricated an authentic-style tonneau cover. Viking Auto, in Vernon, Vermont, matched the paint. Mark Kirby at Motor City Flathead built the 286-ci flathead engine, with all the correct parts, including a quartet of carefully rebuilt Stromberg 81 carburetors. The engine is equipped with a set of chromed lake pipes that can be uncapped, or the exhaust can be routed underneath the car through a pair of “Smithy's” mufflers. Debuting at the 2001 Grand National Roadster Show, the roadster won the coveted Bruce Meyer Preservation Award, then appeared at the Amelia Island Concours in March 2003, followed by the Pebble Beach Concours d'Elegance that August, when hot rods were featured. Van Buskirk has run the Colorado Grand and the California Mille. The roadster competed at the Monterey Historic Road Races, and at Hershey in 2003, it was certified as an authentic race car, and it won a First Junior More: www.good-guys.com Alternatives: 1932 Doane Spencer roadster, 1932 “Ricky Nelson” roadster, 1932 Ford “ex-Pete Henderson” roadster SCM Investment Grade: A Comps 1932 Ford Hiboy Roadster Lot 791.1, s/n 1827371007 Condition 1 Sold at $132,000 Barrett-Jackson, Las Vegas, NV, 10/16/2008 SCM# 118354 1932 Ford Hiboy Roadster Lot 237, s/n DMV44486NV Condition 2+ Sold at $110,000 RM, Monterey, CA, 8/17/2007 SCM# 46395 1932 Ford A/V8 BlueBoy Roadster Lot 244, s/n 18165765 Condition 2 Sold at $143,000 RM, Monterey, CA, 8/17/2007 SCM# 46428 Sports Car Market Photos: Darin Schnabel

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award. This '32 has won trophies at the Rodeo Drive Concours d'Elegance, at Eyes on Classic Design, and at many other venues. To celebrate the 75th anniversary of the '32 Ford, the chopped and channeled Khougaz-Van Buskirk roadster was chosen as one of the “Best '32 Fords of All Time.” Along with an exclusive group of 75 noteworthy Deuces, it was displayed at a special pavilion at the 2007 Grand National Roadster Show. A feared competitor in its day, the resurrected two-seater is a relentless trophy- winner. As a comfortable driver, it's carried Van Buskirk and friends to many events, including the Pasadena Roadster Club Reliability Run (which it won in 2005), and there are a lot of events for the next owner to take part in. SCM Analysis This car sold for $214,500, including buyer's premium, at RM's “Icons of Speed & Style” auction at the Petersen Museum in Los Angeles, California, on September 26, 2009. (Note: I wrote the catalog description for this car for RM, but had no financial interest in the car and was not involved in its sale.) Perfectly presented, prominently featured in the RM catalog, roaring up to the block with open exhausts, the ex-Jim Khougaz '32 roadster is a no-stories car, with great history and all the right period attributes, including a four-carburetor “full house” Edelbrock-equipped Ford flathead. As with all the other lots, there was no reserve. The Icons of Speed & Style finished on the low side This roadster sold for just over one-half what it brought at RM's Monterey auction in 2007 ($380,000), and the latest selling price was less than the cost of its ground-up restoration. After it was extensively freshened by its original restorer, Dave Simard, it appeared at shows from Amelia Island to Pebble Beach and made spirited drives in the Monterey Historics, Colorado Grand, and California Mille, then served as one of nearly 100 hot rods and racing cars in the Ralph Whitworth Collection in Winnemucca, Nevada. It had seen very little recent use since. It's arguable that the high 2007 sale price was a factor of the ascending hot rod market, as well as the fact that Whitworth, who purchased the ex-Tom Beatty Belly Tank racer from Gooding & Company for $440,000 in the same week, was eager to buy historic hot rods and paid what he pleased. With a few exceptions, RM's Icons of Speed & Style sale finished on the low side of its estimates. This is a handsome channeled car, albeit one with an SCTA documented achievement of over 140 mph at El Mirage Dry Lake, and presently street drivable, so I was surprised the Khougaz roadster did not attract a bid in the low $300k range. Channeled hot rods offer cramped seating, and they're not very comfortable for anyone over 5′ 9″ tall, but this is an iconic example. That said, the ex-Tony Nancy '29 Ford “22 Jr.” competition roadster at this same sale brought $220,000, and its use is much more limited. Although the money was in the room and, in a few instances, on the phone, and bidders stepped up for the “Little Red Wagon” exhibition drag racer, the remarkable Dodge Deora, and Ed Roth show cars like the arguably silly “Druid Princess,” this result had to be disappointing for the seller. Still, in the same sale, the ex-Beatty Belly Tank racer brought “just” $209,000—half its 2007 price—against an estimate of $200k–$300k. I think we're in a holding pattern for historic hot rods like these, until the country emerges from its economic doldrums. This car is exactly what serious hot rod collectors want: It was restored by one of the country's best builders, and it's done nearly everything, including Pebble Beach. But there's still that outstanding AACA Senior Award to garner, numerous 1,000-mile events, and hot rod gatherings to attend, so the new owner will have much he can do. Given its previous higher price and the roadster's recent refurbishment, I'd call this historic hot rod very well bought. ♦ (Introductory description written by Ken Gross, and courtesy of RM Auctions). December 2009 Themed show vehicles like this wedding cake on wheels were a 1960s craze, thanks to Ed “Big Daddy” Roth. Built for “The Addams Family” TV show, and the purple child's coffin is real. The TV series was cancelled before the coach was completed, so it hit the show circuit. Found by Roth's son Darryl, restored, and well sold. “Spirit of ‘76” Bonneville Streamliner, $275,000 Bill “Maverick” Golden's “Little Red Wagon” started life as a Dodge A100 pickup, but it packed a 426 Hemi, set back 20 inches in the chassis. Golden drove it for a Dodge TV ad and promptly lifted the nose for 600 feet. The first three “Little Red Wagons” were crashed, but this one was not and recently ran 10-second quarters. A record price for a drag car and very well sold. 1966 Druid Princess, $203,500 Best of the Rest 1965 Dodge Deora custom pickup, $324,500 This brilliant creation from Detroit customizers Mike and Larry Alexander was designed by then-GM stylist Harry Bradley. To eliminate side doors, a 1960 Ford station wagon rear window was grafted onto a cut-down Dodge A100 “Forward Control” truck. With Mike Alexander looking on, it was well sold to cheers. 1965 Dodge A100 “The Little Red Wagon,” $550,000 Veteran land speed racer Al Teague's blue bullet was named by Hot Rod magazine as one of the “20 Fastest Hot Rods of All Time.” It notched FIA and SCTA/Bonneville records, eleven of which still stand. In 1971, Teague blistered through the traps at 432 mph and averaged 409.978 mph, narrowly beating the Summers Brothers “Goldenrod.” A delighted Teague was at the sale. Very well bought. Tommy Ivo 1961 Wagon-Master Riviera Dragster, $209,000 “TV Tommy” Ivo was an actor and dragster pilot. He was the first to top 160/170/180 mph on gas and 190 mph on fuel. He liked Buick V8s, and this effort packed four injected 454 big-blocks with a four- wheel-drive setup that could smoke its tires for a full quarter mile. Ivo attended the RM sale and bid on this car, but it blew past its $175k high estimate. Well sold.—KG 45

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Race Car Profile 1969 Ford Escort 1850 GT World Cup Rally Car Aside from yesterday's paper (and maybe “yesterday's girl” if you're a Stones fan), nothing is quite as unloved as last year's also-ran competition car by Thor Thorson Details Years produced: 1970 Number produced: 8, approx. (5 finished) Original list price: $6,000, approx. (stock TC was $3,800) SCM Valuation: $110,000–$130,000 Cost per hour to rally: $400 Distributor cap: $50 Chassis #: Hood slam panel, on left Engine #: Top of right engine mount Club: Ford RS Owners Club PO Box 408 Grays, Essex, RM17 9ED More: www.rsownersclub.co.uk Alternatives: 1963–67 Ford Lotus Cortina, 1965–69 Porsche 911, 1962–67 Austin/Morris Mini Cooper Comps Chassis number: BB49JC39560 T he toughest post-war test for motor car and crew ever is reckoned to have been the 1970 London to Mexico World Cup Rally, upon which 96 intrepid starters— seven of them Ford factory team Escorts—embarked from Wembley Stadium on April 19. The 16,000-mile route across mainland Europe, South, and Central America required competitors to ascend hazardous passes as high as 16,000 feet in the Andes and tackle dusty primes as long as 600 miles at required speeds of up to 93 mph. Not surprisingly, just over a month later, only 23 survivors crossed the Mexico City finish line. The winners were Hannu Mikkola and Gunnar Palm in FEV 1H, the first of five such Works Escorts in the top ten. Finishing 8th overall were former European rally champion Sobieslaw Zasada and Marek Wachowski of Poland, driving the Ford Motor Company-owned and -entered FTW 48H, which was hand-built to factory team specification by British Vita under the supervision of the Works Boreham Competition Department. Still largely original and well-preserved with big-bore “Mexico”-type engine, the 1850 GT is offered today very much as it completed the World Cup Rally. Having acquired the car in May 1984, the current owner commenced a sympathetic refurbishment and has shown and demonstrated what is believed to be the only privately owned Works Escort still in World Cup trim at Ford RS enthusiast and major rally car gatherings (Ford themselves having retained FEV 1H for their museum). 46 Unlike nearly all the ex-Works and competition Escorts, however, this car's Type 49 bodyshell is still largely original and is very much as it was when it was specially prepared for Ford Competitions with distinctive roof to strut-top protective bars. Original features, such as a strongbox for the crew's passports and money and map pockets, have been retained, while the Ford factory chassis plate for what was intended to be a production Escort Twin Cam is included among the car's documents. SCM Analysis This car sold for $117,197, including buyer's premium, at the Bonhams auction held alongside the Goodwood Revival in Chichester, England, on September 18, 2009. Those of you who have tried your hands (and legs) at distance running know that a very distinct hierarchy exists: The 10k and half marathon are for the weekend punters; marathons are for the very serious and committed players; and then there are the ultra-marathons. These are not events for ordinary mortals; only a select few and enthusiastic fools are willing to even start, much less endure to the finish of events like this. The same applies to the occasional ultra-marathon automobile rallies that have been organized over the years. Surviving 16,000 miles of bad dirt roads over mountain passes and empty deserts while maintaining seriously high speeds with a minimum of logistic sup- 1972 Ford Escort RS 1600 Lot 328, s/n BFATMS00041 Condition 3 Sold at $181,685 Bonhams, Stoneleigh, UK, 3/15/2008 SCM# 115978 1972 Ford Escort Mexico Lot 315, s/n BFATMC70033 Condition 1 Sold at $51,359 Bonhams, Stoneleigh, UK, 3/15/2008 SCM# 115967 1972 Ford Escort RS 1600 Lot 364, s/n BBATMR59901 Condition 3 Not sold at $114,526 Bonhams, Sussex, UK, 7/3/2009 SCM# 120594 Sports Car Market Bonhams

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port on whatever fuel you can buy on the way is a matter of grit, determination, and endurance more than it is power or mechanical subtlety. The old adage “to finish first, first, you must finish” applies here in spades, and the London-Mexico rally cars Ford built for the event were very different from what you might expect. The most obvious external clues are the “roo bars” that go from the front wheel- arches to the top of the A-pillars. They look like they're intended to maybe act as a roll bar or to deflect stray animals, but the real purpose is to carry road shock loads from the strut towers to the roof structure. Escorts are notoriously weak in the unibody at the firewall, and the bars were there to keep the car from cracking and breaking in half during the rally, which would have been harder to explain than the bars. Lotus twin-cam engines summarily removed Similarly, the top rally Escorts of the era all carried 1600 Lotus win-cam engines that made 140 hp–160 hp in rally trim. For the Mexico rally, these were summarily removed and replaced with ordinary crossflow pushrod “Kent” engines that had been stroked and bored as far as Ford dared take them, and fitted with lower-compression pistons to deal with the poor fuel they were likely to encounter. About the only concessions to performance were a pair of Weber carburetors and a dry-sump system. The resulting engine displaced 1,834 cc and made maybe 140 horsepower, but it was simple, relatively bombproof, and easy to fix. If worse came to worst, there was at least the possibility of finding a donor Cortina engine somewhere in the mountains of South America so you could keep going; with a broken twin-cam, you'd be out of the race. The rest of the drivetrain was equally “bomber,” with an overdrive 5-speed ZF transmission and a limited-slip Atlas third member. The rear suspension was basically normal Escort, but with the addition of rather weird diagonal radius rods that appear to have been intended more to keep anything else from breaking than to improve handling. It was a conservative but effective approach. Mikkola in FEV 1H won, and all five cars finished in the top ten. That was a huge publicity coup for Ford, quickly spawning a “Ford Escort Mexico” model that sold very well and has remained iconic even though it was less powerful than the top version Mk I RS 1600. The winning car was kept for Ford's museum, but the others were sold off as old rally cars, including this one. Aside from yesterday's paper (and maybe “yesterday's girl” if you're a Stones fan), nothing is quite as unloved as last year's also-ran competition car, and fate can be hard. This car went through a series of owners and was actively rallied into the '80s before landing with an owner who loved it for its history and sympathetically restored it to original specification. The basic car is unquestioned as being original, but few of the internal bits are likely to have seen Mexican dust, having been used up many times over during its “old rally car” years. All in all, though, it was considered to be an excellent and honest example of what it is. I've heard no grumbling about provenance or authenticity. The basic problem, though, is what anyone is going to do with a car like this. To bring it to a suitable specification for serious historic rallying would entail destroying most of the things that make it important, so that's out. You could use it as a course car to pre-run various events, and there's a “Slowly Sideways” group that does exhibition laps around Europe in historically correct and authentic old rally cars, but in the end this is just not a car you'd ever use much. It's definitely valued as a collector piece, not an active competitor. The interesting point of this is that “weapons grade” historic rally cars, generally built up from old street cars for the purpose of historic rallying, have a well-established value range that is effectively the same as this car's hammer price. Thus, for about the same money, you can choose between an important and correct car with great history (but that isn't very usable), and a made-up replica you can thrash every weekend. In a strange way, I think this sort of balances the values of the two motivations and validates the price paid for the real thing. I'd say fairly bought and sold. ♦ (Introductory description courtesy of Bonhams.) December 2009 47

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Market Reports Overview Late-Summer Sales Bring $28m Totals were down, but not horribly so, and there were a number of deals for both buyers and sellers by Jim Pickering S CM watched the market carefully throughout the summer, and while all eyes were on Monterey in August—where, as we reported in the November issue, the sky did not fall—there were many other sales happening around the globe. Not surprisingly, the same trends seen on the peninsula showed themselves to be true nearly everywhere: Final auction totals were down from 2008, but not horribly so, and there were still a fair number of good deals for buyers and sellers alike. At its Vintage Motor Cars of Meadow Brook event in early August, RM sold 81 of 102 cars for a final total of $5.4m—well below the $9.7m achieved in 2008 from 87 of 102. Auction Analyst Dale Novak found sale attendance to be up this year, but a significant number of lots sold below their low estimates, making for a number of great buys. SCM Executive Editor Paul Duchene made his way to Reno, Nevada, in early August for Silver's annual Hot August Nights auction, where 413 of 670 cars sold for a final total of $9.3m. Compared to the $13.4m achieved last year from 537 of 811 cars, the drop initially seemed drastic, but after all was said and done, the average price per car fell only slightly from $25k to $23k—suggesting the money's still available from buyers, but that some past Reno regulars are likely waiting for a return of the market before bringing their cars to auction. Worldwide held its second annual Auburn Auction alongside the Auburn Cord Duesenberg Festival in early September, and Senior Auction Analyst B. Mitchell Carlson was there to note 33 of 80 cars selling for a final total of just under $2.5m. Full Classics were dominant here, but the high end of the market was thin compared to 2008, where 52 of 80 brought $9.8m. This year's high sale, a 1942 Chrysler Town & Country barrelback at $440k, came in well below last year's 1959 Ferrari Superamerica at $2.5m. SCM1-6 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 48 Sales Totals RM Auctions, Rochester, MI Silver Auctions, Reno, NV Worldwide Auctioneers, Auburn, IN Bonhams & Butterfields, Tacoma, WA Mecum Auctions, St. Charles, IL Coys, Woodstock, UK $5,441,175 $2,236,169 $2,345,823 $5,858,782 Bonhams & Butterfields conducted its first annual sale in conjunction with the LeMay Museum in September, just a stone's throw from the annual Kirkland Concours, and Senior Auction Analyst Carl Bomstead recorded 146 of 175 lots selling for a combined $2.2m. While a 1956 Mercedes-Benz 300SL Gullwing led the way at $430k, most of the cars from the LeMay Collection were in need of complete recommissioning, and for the most part, they sold at prices below the $10k mark. In late June, Mecum returned to St. Charles, Illinois, for its annual all-Corvette Bloomington Gold auction, where 117 of 274 Corvettes sold for $5.9m. B. Mitchell Carlson was joined by Auction Analysts Dan Grunwald and Mark Rudnick, and all three noted in their coverage that sales were hit and miss, with low-mileage originals doing the best in terms of both bidders' interest and price. A number of decent prices were achieved, and a 1968 L88 coupe brought $318,000, the event's high sale. Senior Auction Analyst Paul Hardiman traveled to Woodstock, U.K., for Coys's annual sale at Blenheim Palace, where 40 of 62 lots brought $2.3m, led by a 1924 Bentley Red Label at $257k. One of the more well-publicized lots was the 1980 Lotus Esprit used in the filming of “For Your Eyes Only,” which made $171,835, but Bond provenance could be had for much less, as one of the Tuk-Tuks from “Octopussy” sold for only $2,867. Finally, Geoff Archer's report on recent eBay sales takes a look at a few heavily modified cars that even a Porschephile might call “Poorsh.” ♦ Top10 Sales This Issue (Land Auctions Only) 1. 1935 Auburn 851SC boattail speedster, $462,000—RM, p. 59 2. 1942 Chrysler Windsor Town & Country barrelback, $440,000—WWG, p. 82 3. 1956 Mercedes-Benz 300SL coupe, $430,000—B&B, p. 85 4. 1937 Packard Twelve Series 1508 4-dr convertible sedan, $330,000—WWG, p. 81 5. 1933 Chrysler CL Imperial sport phaeton, $319,000—RM, p. 54 6. 1968 Chevrolet Corvette L88 coupe, $318,000—Mec, p. 94 7. 1960 Chevrolet Corvette 283/290 convertible, $275,000—Mec, p. 92 8. 1947 Chrysler New Yorker Town & Country convertible, $264,000—WWG, p. 82 9. 1924 Bentley 3 Liter Red Label tourer, $257,255—Coy, p. 96 10. 1964 Aston Martin DB5 coupe, $236,350—Coy, p. 97 1. 1956 Mercedes-Benz 300SL Gullwing coupe, $430,000— B&B, p. 85 2. 1969 Chevrolet Camaro COPO coupe, $172,800—Sil, p. 70 3. 1935 Ford Model 48 Rumble Seat roadster, $41,800—WWG, p. 81 4. 1969 Chevrolet Corvette 427/400 convertible, $74,200—Mec, p. 94 5. 1956 Ford Fairlane convertible, $33,000—RM, p. 60 Sports Car Market Best Buys $9,302,009 $2,446,290

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RM Auctions Rochester, MI Vintage Motorcars of Meadow Brook One might wonder if estimates were ambitious, but many sellers realized that the real money was what was offered, and they took it Company RM Auctions Date August 1, 2009 Location Rochester, Michigan Auctioneer Brent Earlywine Automotive lots sold / offered 81/102 Sales rate 79% Sales total $5,441,175 High sale 1935 Auburn 851SC boattail speedster, sold at $462,000 Buyer's premium 10%, included in sold prices Supercharged Auburn made high sale at $462k Report and photos by Dale Novak Market opinions in italics T his was my second trip to Meadow Brook for the RM auction in Rochester, Michigan, and it was a splendid weekend, with the weather fully cooperating. The crowd seemed to be up significantly as compared to last year, and I noticed the RM staff bringing more chairs into the pavilion. The bidders' area was near capacity, and I anticipated a great day of potentially spirited bidding. With the precarious state of the economy, coupled Rochester, MI 1935 Auburn 851SC boattail speedster, which brought $462,000, just above the low estimate of $450,000. There were several terrific buys here, such as a 1953 Mercury Monterey convertible that changed hands for $19,800 against a $45,000 low estimate. Another was a fine 1956 Ford Fairlane Sunliner convertible that sold for $33,000 against a low estimate of $55,000. Very good deals indeed. Retracing my notes, I found only three cars that exceeded high estimate and with the misfortunes of Detroit and the entire state of Michigan, I knew this year's event might be challenging. Cars without reserves set the tone early, as many found new homes at what appeared to bargain prices. As an example, a 1924 Cadillac Opera coupe in #3+ condition sold for $34,100, while a 1971 Dodge Challenger Indy Pace Car convertible in #3+ condition brought only $25,300. Both automobiles sold well below low estimate. As the sale progressed I noted a few cars doing better, which was a bit of a relief. A 1933 Lincoln KB convertible Victoria made $154,000, and a fuel-injected 1957 Pontiac Bonneville convertible sold for $115,500, both selling above high estimate. High sale of the day went to the catalog's cover car, a 50 only eleven that reached mid-range. The sale rate of 79% was a little below last year's 85%, and total sales came to $5,441,175 vs. $9.7m in 2008, a significant drop of 43%. Most sales that did occur happened because sellers lifted their reserves and sold below low estimate. At the end of the day, though, I'd have to call this a success for RM, based on the sales percentage. One might wonder if the estimates were ambitious, given the state of the market, but in any case sellers were realistic enough to realize that the real money was what was offered, and many of them took it. Certainly, if you compare the cost of restora- tion to sale prices on many cars, it was an absolute win for most buyers. I'm sure many sellers took a military style “haircut” if their term of stewardship was brief. Others, who had their machines for longer periods of time, may have just decided it was time to let their cars go. ♦ Sales Totals $2m $4m $6m $8m $10m 2009 2008 2007 2006 2005 Sports Car Market

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RM Auctions Rochester, MI ENGLISH #206-1949 MG TC Supercharged road- ster. S/N 7075. Blue/tan cloth/tan leather. Odo: 10,158 miles. Door gaps very nice. Former show-quality chrome just fading a bit, front grille chrome still excellent. Paintwork chipped and showing some signs of use. Superb burl wood dash, seats still very good but show use commensurate with miles. Miles stated to be reset upon completion of restoration. Cond: 2-. SOLD AT $30,800. No, they did not come with superchargers from new, but when this very well preserved TC was restored, it was fitted with a Roots-type supercharger unit as well as a few other add-ons for increased drivability and road use. It was in fine shape, and I'd call the price achieved fair for both parties. #260-1956 JAGUAR XK 140MC roadster. S/N 810504DN. Dark blue/red leather. Odo: 4,183 miles. Paint lifting on driver's door, some light swirl marks present elsewhere. Some rippling to body noted. Passenger's door out at bottom, driver's door pinched. Very nice chrome and trim, rubber seals look newer. Engine bay very clean and presents well, but paint shows touch-ups and stone chips, pinstripes flaking off in areas. Very nice gaps all around. Driver-grade brightwork and chrome show some hazing and light pitting. Dingy top, decent interior shows age and use commensurate with miles stated. Overall a well-cared-for original Beetle. Cond: 3-. SOLD AT $9,350. The miles were stated to be original, and the car looked the part. There was nothing here to fall in love with, nor was there any reason not to raise your paddle. If you had been in the market for a low-mileage Beetle convertible, then this one would have suited you well. A decent bargain. ITALIAN #253-1972 MASERATI GHIBLI 4.9 SS coupe. S/N AM1154911752. Red/tan leather. Odo: 43,145 miles. Older respray appears to have been well prepped and applied, with some small touch-ups and heavy areas noted. Driver's door out at bottom, hood slightly tight at cowl. Driver level chrome and brightwork presents well, showing light scratches and some pitting. Broken-in interior shows use commensurate slightly. Buffing marks visible throughout paintwork, chrome appears very nice, interior comes across with a “nautical” style. Very nice gauge panel shows a nice patina. Restored in 1999. Body believed to be constructed on an original touring chassis. Cond: 2-. SOLD AT $220,000. A recipient of the Chief Judges' Award at the Greenwich Concours d'Elegance, this very nice Mercer Raceabout showed very well and was displayed inside the main pavilion of showcase cars. Certainly a rarity, and the new owner can bet on having the only one at the next gathering of fine automobiles. Sold just shy of the low estimate of $225,000, and fair for both buyer and seller. #216-1924 CADILLAC V-63 Opera coupe. S/N 63H959. Tan & black/brown cloth. Odo: 25,170 miles. Driver's door skewed, rear cargo lid sits low, passenger's door slightly out at bottom. Pitted driving lamps on cowl, front chrome good but shows some small dents, other chrome and trim nice but not to show standards. is not in show condition. Interior appears well sorted, tidy, and very presentable. Cond: 2-. SOLD AT $82,500. This car was reported to have undergone a full concours-level restoration, scoring 99 points by the JCNA in 2003, and its condition here supported that. The main issue of concern was the paint lifting on the driver's door, as that won't be a low-cost repair. The other items were minor, and the engine bay could be brought up a notch with little effort. A very desirable example that sold at a midestimate price—a fair deal for both parties. GERMAN #301-1979 VOLKSWAGEN BEETLE cabriolet. S/N 1592038002. Blue/gray vinyl/ white vinyl. Odo: 17,940 miles. Driver-level 52 with miles stated. A well-loved example. Cond: 3+. SOLD AT $71,500. This was a decent SS, but the automatic transmission wasn't a plus. You simply expect a 4.9 SS to be equipped with a manual gearbox. In fact, only 50 buyers opted for the automatic transmission during the build period from 1967-1972. The bidding stalled early on, but the auctioneer, knowing the targeted value, did a swell job of waking up the bidders to the bargain at hand. Sold just above the low estimate for a market-correct result. AMERICAN #256-1915 MERCER MODEL 22-70 raceabout. S/N 2408. Black & burgundy/black leather. Odo: 51,195 miles. Cargo panel out at running board, rear cargo panel also out Minor chips and flaws in paint, showing both age and use. Nice interior with moderate wear. Cond: 3+. SOLD AT $34,100. Claimed to be perhaps one of one in the catalog, and it was in very good shape overall. The color, although period correct, was lackluster and may have restrained the bidding a bit here. Still, overall this was in decent shape, and it sold well below the low estimate of $50k. Well bought. #264-1927 PIERCE-ARROW SERIES 36 coupe. S/N 361902. Wine/mauve cloth. Odo: 42,647 miles. Driver's door out at bottom, other panel fit very good. Brightwork generally very nice and shows well, but is just shy of show condition. Fuel filler cap tarnished. Excellent paint nearly to show, other than a few minor touch-ups. Interior shows some soiling and faded materials. Very well preserved overall. Cond: 2-. NOT SOLD AT $45,000. The Series 36 represented the final six-cylinder models for Pierce-Arrow, with only about 1,900 built over the three-year period of production. This Sports Car Market

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RM Auctions Rochester, MI 2. SOLD AT $319,000. Reported to have been restored about ten years ago, this was a great example of how to preserve a restoration, as it still looked very good with only minor unwinding in areas. It sold at a tad under the low estimate of $325,000, and I'd consider that estimate reasonable given this car's condition. Well bought. example was in fine condition, having been obviously well cared for, with only minor flaws to its older restoration. Still, it was bid well shy of the low estimate of $80k. Lousy economy or not, this was not enough to get the deal done, and I believe the owner was wise to wait for another opportunity. #207-1928 FORD MODEL A roadster pickup. S/N A444386. Green & black/black vinyl/brown vinyl. Both doors out at bottom. Well done chrome bumpers, headlamp stainless very nice. Older paint still looks very nice, but shows numerous blemishes and flaws. Painted wood bed with no marks, slight damage to passenger's front fender. Noticeable blemish in dash paint over steering wheel, fresh seat cover high estimate at this sale, and it was very well sold indeed. #267-1930 CADILLAC V16 2/4 Passenger convertible coupe. S/N 700898. Red & burgundy/black cloth/black leather. Odo: 579 miles. Driver's door out at bottom, rumble seat lid high at top, passenger's door gap wide. Very nice grille, bumpers, and chrome, windshield trim very weathered and pitted, running board trim dented. Interior shows well but lacks a high luster in gauge panel. Most certainly an #285-1934 FORD MODEL 40 Deluxe phaeton. S/N 1868967. Black/tan cloth/olive green leather. Odo: 24 miles. Doors out at bottom, show-quality paint with very minor blemishes. Excellent chrome with little to fault, painted wheels in very nice condition. Interior excellent, steering wheel shows some aging but is still very nice. Good top fit. A fine example. Cond: 2+. SOLD AT $115,500. Restored by installed. Altered from closed cab to roadster configuration. Cond: 2-. SOLD AT $20,900. Last seen at RM's Phoenix sale in January '04, where it sold at an identical $20,900 (SCM# 32164). No problem there, but when this was last reported on, it was a regular steel cab truck, not a roadster. Still, this was a super nice old Ford Model A pickup, and it was ready for the new owner to drive and enjoy. Sold below the low estimate of $26k, and still seems like a good buy at this price—former cab status notwithstanding. #275-1930 CADILLAC V16 7-Passenger limousine. S/N 700280. Blue & black/tan cloth. Odo: 31,079 miles. Coachwork by Fleetwood. Paint shows polishing marks, light scratches, and micro-blistering. Horrible gap at driver's door. Chrome shows very well but has scratches and polishing marks present. Running boards have dents along chrome trim. A somewhat weathered example showing age and use. Cond: 3+. SOLD AT $126,500. Some dignitary or corporate executive likely used this car, being chauffeured around in style. To put it into perspective, this was originally priced when new at a staggering sum of $7,150, which equates to about $160,000 in today's dollars. This was one of the few examples to exceed its 54 older restoration that's softening a bit with the passage of time. Cond: 2-. NOT SOLD AT $210,000. First seen at RM's Phoenix sale in January '04, where it sold at $187,000 (SCM# 32251). Last seen here in August '08, selling for $324,500 (SCM# 117384). Today, that number stalled at $210,000 against a low estimate of $250,000. Considering what the owner paid last year, this was a good example of how the market has corrected, at least on this day and at this auction. TOP 10 No. 5 #268-1933 CHRYSLER CL IMPERIAL sport phaeton. S/N 7803666. White & black/tan cloth/dark red leather. Odo: 91,780 miles. Coachwork by LeBaron. Excellent gaps, very nice chrome shows only minor imperfections but does look a tad weathered in areas. Paint and body show well but are slightly below show quality, with some spots noted in exterior finish. Gorgeous dash meticulously restored, leather seats show wear and use but still present well. Well documented restoration, former Best in Class winner at Palos Verdes and Newport Beach. Cond: An all-around good driver. Cond: 3+. SOLD AT $57,200. Last seen at Barrett-Jackson's Scottsdale sale in January '06, where it sold for $89,100 (SCM# 40251). We can all remember the good old days of excessive values being placed on all sorts of cars, and this was Sports Car Market Scott Sargent, whose work has taken many honors, including a Best of Show at Pebble Beach. This car was a former AACA Senior Grand National winner, and it was also the recipient of a perfect 1,000 point score by the Early Ford V8 Club as well as the Dearborn Award—certainly some impressive hardware. The restoration work was reported to have exceeded $150,000. Sold within the estimate, and a fair deal for both parties, with the advantage to the buyer given the restoration expense. #221-1934 CHRYSLER AIRFLOW Eight CU coupe. S/N 6597700. Brown/brown leather & tan cloth. Odo: 4,526 miles. Driver-quality paint with some prep issues, including sanding marks. Trunk and hood fit tight to passenger's side. Good chrome shows age, minor pitting, and small rust specks. Small dent noted in passenger fender. Weatherstripping dry and heavily cracked, nice patina to gauges, clean interior.

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Our Cars 1947 International KB-1 half-ton pickup truck a great example of that history. This was quite the “haircut” for the ownership period, not to mention this car covered almost zero miles since that sale. Slightly well bought, but only by a small margin. TOP 10 No. 1 #261-1935 AUBURN 851SC boattail speedster. S/N 32304E. Yellow/brown leather. Odo: 910 miles. Show-quality paint with only minor polishing marks and light scratches. Excellent gaps overall, but driver's side cowl slightly out. Chrome and brightwork very nice but do show some light issues, especially upon close observation. Steering wheel aging gracefully with some use and wear, gauges and dash reveal age to brightwork but are excellent Owner: B. Mitchell Carlson, Auction Analyst Purchase date and price: April 1999, $1,500 Mileage since purchase: 4006 (multiply by 1.45, due to speedometer error) Recent work: Lube the 31 grease zerks, oil and filter; wash and wax. Fellow contributor John Apen likes to say, “Everyone needs a truck.” My problem is that I have four. On top of my A-list is my 1947 KB-1 pickup. Joe—the guy I bought it from in Minot, ND—used it to go to auctions. He found it in a grain shed, with 40k miles on the clock and the front sheetmetal and engine removed. Like most “Green Diamond” engines, that's when the non-hardened valves burned out. Joe rebuilt a larger engine from a ton-and-a-half and converted it to 12 volts. However, his smartest upgrade was a late-1960s Mopar rear end with a 3.23 ratio differential instead of the standard 4.86. He also changed the front spindles for the next generation IH pickup, to get the bolt patterns to match. Now this truck can run out on the freeway at 65 mph—instead of 45 mph. Still, with 86 whining horsepower and a 4-speed granny-low crashbox, a Geo Metro with bad plugs can beat me off a light. The orange-peel repaint looks like it was put on with a roller, but the thing everyone notices is the grille. A KB series has 96 separate stainless steel pieces, and each is held in place with two spring clips. Over the years, these clips break or rust away, so the grille starts to lose a few teeth. My theory is that Joe lost one grille piece too many on a dirt road, since every one is drilled and pop-riveted. The KB has moved down the food chain to being the open-bed stuff truck. My biggest kick is the bi-annual scrap iron run. Scale operators have a hard time with a 62-year-old truck carrying 1,300 pounds of junk in the back. It's one of my favorites for local cruise nights, though in July it took a trailer ride to Madison, WI, for the International Harvester Collectors Club's national meet. The ol' gal could've made the trip, but the “sledgehammer” suspension would have shaken me to pieces by the time I got to Eau Claire. ♦ 56 holding up well, showing only moderate use. Cond: 2-. SOLD AT $82,500. As an interesting note, the wood panels on the 1935 models were produced at Ford's Iron Mountain plant in the Upper Peninsula of Michigan—a very rural and heavily wooded area of the country, even today. This car's paint was an interesting tan color with just a hint of green, which looked just right. The low estimate was pegged at $80,000, and on this day at this sale, this was well sold. nevertheless. Well fitted seats. A fully sorted example and reported to be the ninth Speedster built. Cond: 2+. SOLD AT $462,000. The high sale and cover car for the auction, and a very fine selection at that. Last seen at Christie's Pebble Beach sale in August '01, where it sold for $314,000 (SCM# 23281). Here that number had grown to $462,000, so it wasn't a bad investment for eight years of ownership. Investment grade, and brought just above the low estimate of $450k. Both buyer and seller should be happy. #248-1935 FORD MODEL 48 DeLuxe wagon. S/N 182018909. Tan & wood/brown vinyl/brown leather. Odo: 2,178 miles. Orange peel noted in paint finish, apparent more on fenders than hood. Passenger's door sags at top by about a half inch, other gaps acceptable. Very nice chrome lacks a full show-quality luster, wood splitting in areas. Rust coating applied to inside of bumpers. Very nice interior attention to detail required for show. Cond: 2-. SOLD AT $134,750. GM rejected the design of the '37 Cord by Gordon Buehrig, and it was shortly thereafter picked up by Harold Ames of Duesenberg fame. The example presented here was in very nice condition, however, the paint left something to be desired. A current market-correct sale at below the low estimate of $160,000. #250-1937 CORD 812SC Beverly 4-dr sedan. S/N FC3015. Purple/purple cloth. Odo: 80,647 miles. Passenger's door out at bottom, other gaps good but all very tight. Light pitting showing in most chrome and brightwork. Buffing marks and light stone chips in older paint, which is otherwise still holding up well. #255-1937 CORD 812 convertible pha- eton. S/N 1155H. Blue/black cloth/blue leather. Odo: 30,000 miles. Excellent body gaps, mirror-like chrome, very straight body. Paint lacks a good luster and shows buffing, swirls, and polishing marks that radiate in the sunlight. The dark blue/purple color does the presentation no favors. Beautiful interior lacks the Interior tight and very well preserved. Cond: 2-. SOLD AT $88,000. Reported to have scored 98 points out of 100 in 1991 and 1992 by the CCCA, which reveals the age of the restoration work, as some has unwound since. Still, a very nice Cord 812, although the color gave me pause. Sold at mid-estimate, so I'd call this a fair deal for both buyer and seller. #225-1939 PACKARD TWELVE Collapsible Touring cabriolet. S/N B602303A. Black/tan cloth/tan cloth. Odo: 59,861 miles. Coachwork by Brunn. Driver's and passenger's front doors out at bottom, passenger's rear door Sports Car Market

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RM Auctions Rochester, MI follows suit. Trunk fit off, hood fit varied, pitted chrome spears on hood. Other chrome weathered as well, but not terribly so. Older paint shows age but presents well as a nice driver. Interior musty—from storage, I presume. A ten footer. Cond: 3+. SOLD AT $166,100. Reported to be body serial number one from Brunn. Overall, this was a fairly weathered driver with apparent needs. That said, it still made for a good presentation. Sold for under the low estimate of $175,000, and given the needs presented, a fair deal for both parties. #209-1941 CHRYSLER NEW YORKER convertible. S/N C309144. Green/tan cloth/ two-tone tan leather. Odo: 69 miles. Excellent paint in an appealing color. Driver's door out at bottom, hood tight on passenger's side near cowl. Chrome with minor scratches and a few small blemishes here and there. Top fit could be better, exhaust pipe stained at edges. Interior shows very well but does have a few was very nice overall, however, the small rust bubbles forming did not raise any confidence among buyers. Sold at the low estimate, which I would describe as a fair deal for both buyer and seller. #279-1947 OLDSMOBILE 98 CUSTOM CRUISER convertible. S/N 9857185. Yellow/ tan cloth/burgundy & tan leather. Odo: 89,573 miles. Both doors out at bottom, trunk gap varied, hood gap wide at cowl. Chrome appears to be of former show quality but now looks aged. Straight body with well-applied paint shows very nice prep work. Interior nicely restored minor flaws. Fitted with dual foglights. Cond: 2. SOLD AT $42,900. One of only 1,295 units built, and this was one of the better ones you're likely to come across. Normally, greens are not all that sought after (with the exception of British cars), but on this great New Yorker, the color displayed was very attractive. The estimate was pegged at $35,000-$50,000, and the car ultimately sold right in the middle. No harm done, and I'd even consider it slightly well bought. #295-1942 CADILLAC SERIES 62 convertible club coupe. S/N 8383397. Black/ black cloth/burgundy leather. Odo: 2,941 miles. Both doors out at bottom, trunk pinched on passenger's side. Chrome very presentable, vent window trim lightly pitted. Paint lifting in some areas, rust bubbles forming in a few places, small dent in passenger's door. Very and fitted with aftermarket seat belts. Cond: 2-. SOLD AT $52,800. One of 3,940 Series 98 convertibles built in 1947, and the miles stated were claimed to be correct and true. The work done was to fine standards with only minor needs, and all of those would have been easily correctable. Sold just under the low estimate of $60,000, so fair for both buyer and seller—but I believe this example may have deserved more. #259-1948 CADILLAC SERIES 62 con- vertible coupe. S/N 486219814. Red/tan cloth/ tan leather. Odo: 84,670 miles. Trunk fit tight and hood fit high on driver's side, passenger's door out at bottom. Most brightwork excellent and well polished, replated bumper shows some waves. Nicely applied paint over slightly rippled body with some touch-ups noted. Steering wheel very cracked and fragile, looking as if pieces are going to fall off. Cond: 2-. excellent prep. Driver's door skewed, passenger's door tight toward rear. Excellent chrome is close to show condition, but front grille Mercury logo was hand painted and could have been better. Beautifully restored interior. Wood bed like new. Cond: 2+. SOLD AT $27,500. Pickups have been getting more respect in the market as of late, and deservedly so. This was a fine example and one I wish I had come prepared to bid on. You see Chevrolets and Fords quite often, but this was the first Mercury I've ever seen on offer. Excellent throughout, and could easily go up a notch with a few ever-so-picky items addressed. Sold below the low estimate of $30,000, and well bought at that price. #239-1953 MERCURY MONTEREY convertible. S/N 53LA40463M. Red/white vinyl/white & red vinyl. Odo: 32,911 miles. Good paint looks fine but is sprayed over slightly rippled body. Driver's door out at front fender, pinched trunk near convertible top boot, hood fit wide at cowl. Chrome generally nice but lacks luster, with front bumper the best of the group. Steering wheel very dirty and nice interior showing light use and age. Cond: 3+. SOLD AT $60,500. One of 4,961 Series 62s built in 1942, and of those, it has been estimated that only 300 Convertible Club Coupes were built, with very few surviving. This car 58 SOLD AT $46,750. Although subdued, Harley Earl originally styled the Series 62 with design cues from WWII P-38 aircraft, which can be seen when you look at the twin rear tails. This was a very nice looking Caddy, and although the color was unusual, it worked on this example. Very nice with mainly minor needs. Sold for under the low estimate of $60,000, and given the condition, I'd call it well bought. #271-1948 MERCURY M-47 Half-Ton pickup. S/N KD83H4834908. Red & black/gray vinyl. Odo: 41,983 miles. Show-quality paint over weathered. Vent window rubber very sloppy. Cond: 3-. SOLD AT $19,800. There were some modifications made to the engine to increase this car's performance, but all were done to period-correct standards, so I couldn't fault the improvements. That said, the market is getting very fussy, so a less-than-perfect body and modified engine may have been cause for this lackluster bidding. Still, this car deserved more and the buyer did very well. Well bought. #212-1954 CHEVROLET CORVETTE roadster. S/N E545002316. White/beige canvas/red vinyl. Odo: 76,971 miles. 235-ci 155-hp straight 6, 3x1-bbl, auto. Both doors very tight to quarter panel, convertible top boot pinched. Average chrome, paint shows numerous chips, scratches, blemishes, and masking issues. Neat and tidy engine bay, new seats fitted to interior. Heavily orange peeled paint on dash. Still retains original top and original paint, but masking issues denote paintwork having been Sports Car Market

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RM Auctions Rochester, MI done as needed. Cond: 3-. SOLD AT $51,700. Matching numbers. This was a good example of a Corvette that had been restored in stages rather than all at once. The seats were obviously new and one could see that the engine bay had been cleaned and painted as needed. The paint was the big detractor, but it was reported to be the original shoddy finish, so I can understand why it had been mostly left alone. The low estimate called for $75,000, which I thought was stratospheric. Still, given the degree of originality, I'd call this well bought. #235-1954 OLDSMOBILE 98 Starfire convertible. S/N 549C4689. Two-tone blue/ blue vinyl/two-tone blue leather. Odo: 48,401 miles. Gaps very nice, chrome presents well but shows some pitting and light rust. Paint looks good but isn't to show standards. Pitted interior chrome, balance of interior is good and holding up well. Overall, nothing spectacular about this example, but nothing terribly horrific either. A driver. Cond: 3-. SOLD Kruse Hershey in October '03, where it sold for $66,000 (SCM# 36463). This hasn't panned out all that well as an investment, but it had been enjoyed and driven, so at least the seller got his money's worth of use out of it. Sold just into the low estimate, and it could have done a tad more. Well bought. #214-1956 FORD FAIRLANE Sunliner convertible. S/N M6FC215633. Purple & white/white vinyl/purple & white vinyl. Odo: 15 miles. 292-ci V8, 4-bbl, auto. Unusual door gap on driver's side, looking almost as if the metal was ground off and refinished to fit the gap. Trunk high at rear deck, passenger's door out at bottom. Chrome presentable but not worthy not fit well to convertible top, driver's door does not want to latch closed. Overall in very nice condition—but aging a bit. One of 630 produced. Cond: 2-. SOLD AT $115,500. Last seen at RM's Oakland sale in August '03, where it sold at $96,801 (SCM# 31592) and was rated to be in #1- condition. Six years later, the restoration had unwound to a 2-. This was a very nice example, with an AACA Senior award in 1994 and Grand National in 1995, and it was one of only three cars offered at this auction to exceed its high estimate. Well sold. #277-1957 FORD THUNDERBIRD convertible. S/N E7FH203249. Copper/white leather. Odo: 18,085 miles. 312-ci V8, 2x4 bbl, auto. Passenger's door out at bottom, trunk lid slightly skewed, driver's door gap good. Orange peel throughout paintwork, trunk lid marred from hard top. Nice chrome and trim could use some additional polishing. Nice interior in driver condition, but certainly not beat AT $45,650. The miles on this Starfire were claimed to be original, and I'd agree with that assessment based on the condition and presentation. Nothing jumped out upon inspection, either good or bad, so it would be a great suitor for someone looking for a large, driver-grade mid-'50s cruiser. Pile in, family and all. Sold at $45,650 against a low estimate of $70,000. Probably worth just a tad more, so the buyer should be happy. #222-1955 PACKARD CARIBBEAN convertible. S/N 55881258. White & green/ white vinyl/white & green leather. Odo: 90,168 miles. 352-ci V8, 2x4-bbl, auto. Small chips and some light mottling in paint, some waviness down sides of body. Door out and trunk pinched on passenger's side, other gaps good. Very nice chrome with no dents showing along horizontal body spears. Dash in good condition, excellent seats still very tight. Steering wheel chipped, with some spider cracks noted. Cond: 2-. SOLD AT $63,800. Last seen at 60 of a show field. Unusual color shows well for the period, some waves visible in body. Very nice interior but shows use and aging. A “high driver.” Cond: 2-. SOLD AT $33,000. Records show that one Fairlane did leave the factory in the rare Lincoln-only Wisteria, but that evidently was not this car, or at least it was not represented as such. That said, this was in great shape and the color certainly made it a conversation piece. At the price paid I'd call this a great buy. #293-1957 PONTIAC BONNEVILLE convertible. S/N P857H30450. White & red/white vinyl/white & red leather. Odo: 505 miles. 347-ci fuel-injected V8, auto. Hood high on passenger's side, other gaps good. Very nice chrome just a notch below show. Touch-up in paint on passenger's side does not match despite being wet-sanded in, other chips and scratches showing. Driver's and passenger's glass does to death, just showing use and enjoyment. Tidy engine bay. A nice driver. Cond: 3-. SOLD AT $44,000. Thunderbirds have seen a steady softening in the market beyond the plummeting of across-the-board pricing in some cases. The “E-code” examples came equipped with the 312-ci engine with dual fours, and only 1,499 were so equipped on the Ford assembly lines. These are far more sought after than your garden-variety editions, but this example came in well below its low estimate of $60,000. Well bought, but only time will tell if these will regain ground. #241-1959 CHEVROLET CORVETTE convertible. S/N J59S101063. Red & white/ red hard top/red vinyl. Odo: 2,581 miles. 283-ci 230-hp V8, 4-bbl, 4-sp. Wonderful paint from 2008 is just about show quality. Both doors out at bottom, fuel door fit slightly off, trunk fit nearly pinched on passenger's side. Excellent chrome shows very few flaws, windshield surround has a few small dents and blemishes. Engine bay well done, but not overdone. Cond: Sports Car Market

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RM Auctions Rochester, MI 2+. SOLD AT $55,000. Last seen at The Auction's Las Vegas sale in April '01, where it sold for $37,100 and was reported to be in 3+ condition (SCM# 23781). Here, much of the restoration work was quite fresh and done to very good standards. There was no mention of matching numbers, which generally means they don't. Market correct, but with the advantage to the buyer. #215A-1960 CADILLAC ELDORADO Biarritz convertible. S/N 80E117574. Blue/ blue leather. Odo: 84,744 miles. 390-ci V8, 3x2-bbl, auto. Light waves in body, both doors out at bottom, trunk skewed. Very nice chrome shows age, with light scratches and some minor blemishes. Most likely a former show-quality restoration now unwinding a bit. Rare bucket seat interior in good condition, but does show very nice, which is very important on a car in this price range. Market correct, and both buyer and seller should be happy. #219-1969 PLYMOUTH GTX convertible. S/N RS27L9G104552. Red/white vinyl/white vinyl. Odo: 1 mile. 440-ci V8, 4-bbl, auto. Driver's door out at bottom, trunk skewed, other gaps good. Well-done paint shows minor prep issues and some touch-ups here and there. Rust bubbles visible on trunk lid. Driver grade brightwork, chrome trim very nice but not in show condition, white convertible top somewhat soiled in areas. Very nice but slightly used $50k. Probably worth slightly more even in this market, so well bought. #218-1971 DODGE CHALLENGER Indy 500 Pace Car convertible. S/N JH27G1B363771. Orange/white vinyl/white vinyl. Odo: 74,500 miles. 318-ci V8, 4-bbl, auto. Trunk out at rear deck, passenger's door out at bottom, hood fit slightly off. Very nice grille is somewhat weathered, chrome and brightwork good but not to show standards. Paint shows well despite a number of minor touch-ups, especially on driver's door. Glass on both sides fits poorly in channel with very large some use. Cond: 2-. SOLD AT $65,000. This was a last-minute revision to the catalog, and thus was not included in the print edition. A very nice and extraordinarily limited Eldorado convertible, as the bucket seats are a rather rare option. It appeared as if this was brought to a fine #1 condition and had simply unwound over time, which is the norm rather than the exception. That said, this was in great overall condition, and I think it deserved a bit more. Well bought. #283-1968 FORD MUSTANG California Special coupe. S/N 8R01C142574. Yellow & black/tan vinyl. Odo: 28,896 miles. 289-ci V8, 2-bbl, auto. Trunk sits high at rear, other gaps very nice and per factory. Driver-grade chrome and brightwork, vent window surrounds lightly pitted, passenger's rear window pitted. Nicely applied paint has some chipping and is aging a bit, but still shows well. Driver-grade interior still very presentable. A rock solid #3 car. interior still fairly tight. Cond: 3. SOLD AT $33,550. According to the catalog, this example was one of only 700 GTX convertibles built. The GTX was one of the quasi “luxury” models of the muscle machines built by Chrysler and offered a good deal of performance right off the showroom floor. The 440 was stout and could take a beating, producing 375 horsepower. This was a very nice example just showing some age, and it sold well below the low estimate of and uneven gaps at top. Equipped with factory a/c. Cond: 3+. SOLD AT $25,300. The catalog stated this Challenger was one of perhaps only 50 Pace Cars produced with the 383, which was quickly restated on the block, as this example was actually a 318 model as designated by the “G” in the VIN. For most muscle car guys, a 318 won't cut it, and E-body or not—even with the drop-top—this must have killed any pending enthusiasm for the car. Still, as an open cruiser in decent shape, this was not a bad buy in my opinion. Slightly well bought. ♦ Cond: 3. SOLD AT $22,000. The California Specials were developed by Ford to create a special model geared towards the California market, which accounted for about 20% of all Mustang sales. Only 4,118 were produced. You see these from time to time in varying conditions, and this was a decent example without much to fret over. The paint and body seemed December 2009 61

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Silver Auctions Reno, NV 22nd Annual Hot August Nights This year's total take dropped to $9.3m—a clear reflection that many of Silver's “working man” collectors aren't working these days Company Silver Auctions Date August 6–9, 2009 Location Reno, Nevada Auctioneers Mitch Silver, Matt Backs, Paul C. Behr, Gary Dehler, Brian Marshall Automotive lots sold / offered 413/670 Sales rate 62% Sales total $9,302,009 High sale Muscle is still the game in Reno Report and photos by Paul Duchene Market opinions in italics O ne year after the U.S. economy sidestepped the clutch at 8,000 rpm on the economic dragstrip, car collectors are still sweeping 1969 Chevrolet COPO Camaro, sold at $172,800 Buyer's premium 8%, included in sold prices Reno, NV up pieces of the financial transmission and wondering how to pay the bill. In this uncertain atmosphere, Mitch Silver returned to the RenoSparks Convention Center for the 22nd Hot August Nights Auction in August. Silver sold 413 of 670 cars this year, down from 537 of 811 in 2008. The final sales percentage dipped a little from 66% to 62%, while the total take dropped 31% to $9,302,009 from 2008's $13,398,703—a clear reflection that many people in Silver's “working man” audience aren't working these days. Once again, real cars held center stage, and the best seller—a 1969 Camaro COPO coupe—brought $172,800, which was almost $40,000 more than last year's Corvette high sale. Next was a 1967 427/435 L71 Corvette convertible at $140,400, showing that these remain the most desirable mid-years, after aluminumhead L89s and the handful of million-dollar '67 L88s. Just as last year, Camaro and Mustang owners ap- peared to have been reading the newspapers, with most selling anywhere from $5k to about $45k. An excellent and mostly original '70 Boss 302 sold for $59,500, while a freshly restored one brought a surprising $89,100. Tupperware Cobra owners almost all saw the light and the replicas went in the mid $30ks. Sadly, the same could not be said for the sellers of 1930s street rods, most of which went home with their own- 62 ers despite healthy offers between $30k and $60k—figures that should have sealed the deals. Corvettes held steady by and large, almost all bid to their low estimates and nearly all let go by realistic owners. That included a decent enough 1992 ZR-1 for $9,720, which leads one to wonder where the bottom actually is for these aging supercars. As always, oddities provided entertainment and some fascinating history. Averell Harriman's original '35 Ford Phaeton sold for a very reasonable $29,160, while a wonderful, lightly used '37 Ford pickup went home with a lucky buyer for $17,280 (not me, unfortunately). A Ford Quadricycle replica, apparently constructed last year from Briggs & Stratton lawnmowers, still brought $2,808. Microcar wizard David Goldenberg is deviating from the mainstream (if there is such a thing in that Lilliputian world), coming up with an iconic Trabant for $3,348 and a truly bizarre “1959” Tri-Tech 'Zetta—a 600-cc, Kawasaki-powered Isetta clone that was seriously sold in the U.K. in the 1990s. “It'll do 90 mph—but not with me in it,” he said. It sold for $30,780, or around the same price a 50-mph original brings today. Among genuine barn finds were two almost identical 1936 Plymouths—a coupe and a sedan in very sound, semi-scruffy original condition (and with only four owners between them). They sold for $12,960 and $9,720, respectively. Hot August Nights continues to be Silver's biggest event of the year, but it's clear that buyers in this segment of the market are being much more frugal and thoughtful with their money. Although this year's event did see a significant drop from what was achieved last year, it's hard to consider a final total of over $9m anything but a success in this market. ♦ $3m $60m $9m $12m $15m Sales Totals 2009 2008 2007 2006 2005 Sports Car Market

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Silver Auctions Reno, NV ENGLISH #612-1963 MG B convertible. S/N 63GHN3L15999. White/tan canvas/black vinyl. Odo: 18,099 miles. Thick repaint of generally straight car, wavy right front fender. Good wires, nice knockoffs. Tube shock conversion, alloy valve cover, Weber carburetor, scratched windshield chrome. Toyo tires, incorrect steel hood, driver's door won't latch, mirrors not typical. Cond: 2-. SOLD AT $13,500. Ambitious redo of solid car with too many incorrect details. Early Bs are coming up, but only if they are original or dead accurate. Tube shock conversion usually means original lever shocks are worn out, which means front suspension is too. Steel hood weighs three times as much as the correct aluminum one, but the Weber carb suggests a later 5-main bearing motor was installed. Very well sold at about $5k above what I'd expect. GERMAN #386-1959 BMW ISETTA Tri-Tech Replica coupe. S/N A321808. Teal & white/gray cloth. Odo: 5,505 miles. 500-cc Kawasaki Ninja water-cooled engine, 6-speed gearbox, fiberglass body over tube frame. Made in Preston, Lancs, U.K., between about 1995 and 2003 as an “improved” Isetta, and cost approximately straight first generation 2-cylinder French oddity. Forward opening front doors, cheesy old blue convertible top, undamaged hood, too-bright red paint over straight, unrusty body, superb undamaged hood. M&S Michelins, no door lock, no speedometer, which means wipers don't work, as they're driven off the same cable. Incorrect seat upholstery. Runs. Cond: 3-. SOLD AT $12,420. Felt like a fluff-n-buff barn find, but how often do you find a 50-yearold 2CV this sound? And it IS a real 1960, not something bamboozled in from some Belgian wrecking yard, with its non-D.O.T. 1986 VIN replaced. Really good old 2CVs are rare, all the mechanical parts can be sourced, and while this seems like a lot for what was basically a shiny red project, somebody thought it was worth it, and I agree. AMERICAN #707-1935 FORD phaeton. S/N 181981892. Gray/tan vinyl/brown cloth. Odo: 38,940 miles. Ex-Averell Harriman. Unrestored rat with new tires. Later motor (believed 1938), original side curtains, jack, and wrenches. Scruffy original interior, faded paint. Chrome pitted, grille pitted, rust in left rear fender and floor. Tatty 1950s vinyl top, tape on steering wheel, sealed beam conversion, hood dented but mascot unbroken. paint. Scruffy interior still usable, chrome quite good. Comes with owner's manual, 1936 road maps, and a box of spares in trunk. Worn tires, original tools, numerous bills including engine rebuilds in 1953 (at a cost of $142) and 1995. Cond: 4-. SOLD AT $12,960. Amazing archeological relic, and surely was the property of a very patient man, with a top speed of about 55 mph. I'd have said impossible to duplicate, but there was a 1936 sedan with similar history and in the same condition that brought $9,720 (lot 806). Consignor paid $14k for the coupe, so he can't have been too thrilled. Well bought, assuming the buyer is patient too. #784-1937 FORD pickup. S/N 184836366. Red & black/black vinyl. Odo: 39,600 miles. 4k miles on rebuilt engine, 1940 juice brakes, Mitchell 2-speed overdrive. Excellent, correct quality paint with a few scratches and chips, straight tailgate, sound bed, straight fenders, no rust. Decent tires, acceptable chrome on horns, functional and tidy interior. Cond: 2-. $11,340. Engine centrally located over single rear-wheel drive unit. No reverse gear. Cond: 1. SOLD AT $30,780. A modern Isetta with double the horsepower and reportedly capable of 80+ mph—a terrifying thought. Only weighs 600 lb—100 lb less than the feeble original. But it's the perennial kit car question: What do you do with a Tupperware Isetta? FRENCH #649-1960 CITROËN 2CV 4-dr sedan. S/N 1016558. Red/blue vinyl/tan vinyl. Extremely 64 Cond: 4. SOLD AT $29,160. Priceless patina and a great story to boot. If it runs well, I'd leave it be, research Harriman and this car's history, and spend the rest of my life telling stories at concours and shows. Condition is a far distant second to this car's pedigree, and it's a desirable model to boot. Besides, you'll never have to worry about anybody touching it, even if they're wearing a full suit of armor. #695-1936 PLYMOUTH business coupe. S/N P2156588. Black/tan cloth. Odo: 91,000 miles. One owner for 73 years, Originally from Salem, OR. Basic business coupe, undamaged except for a few dings and original checked SOLD AT $17,280. Quite remarkable. Surely an orchard or nursery truck to have survived in such good condition. Not a trailer queen, as it had clearly been busy in some sheltered place. I tormented a friend who loves these (but couldn't make it down) by describing it to him. Probably the one car I would have bought here without a second thought. A real charmer. Bang-on high book, and worth every penny. #393-1954 CHEVROLET CORVETTE roadster. S/N E54S0044099. Polo White/tan cloth/red vinyl. Odo: 54,192 miles. 235-ci 155hp straight 6, 3x1-bbl, auto. Fitted with heater, turn signals, and signal-seeking AM radio. Typical body and panel fit, reported frame-off restoration four years ago. Sound car, previous owner in South Carolina for 30 years. Paint dull, trim wobbly, chrome pitted. New seat covers over lumpy old foam. Cond: 3-. SOLD AT $78,840. '54s will never have the cachet of Sports Car Market

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Silver Auctions Reno, NV '53s, but this felt like corners were cut. Maybe the owner ran out of money or interest, but in any case, it was a solid old car that deserved better. A lot of money will need to be spent before this one can be shown, so I'd call it well sold. #712-1954 NASH STATESMAN Country Club 2-dr hard top. S/N K620893. Red & white/black & white vinyl. Odo: 9 miles. Exceptional example of an uncommon car. Excellent paint, good chrome, very straight body, accurate panel fit. Lovely (if somewhat garish) interior, very clean engine compartment with twin-carb six-cylinder engine. No power brakes or power steering, rear Continental kit. bar suspension works. Vintage aftermarket a/c a nice touch, as is electronic ignition. Excellent paint and interior in great colors, dashboard by Wurlitzer, suspension and cooling system overhauled. Power seat temperamental, some trim buffed through. Cond: 2. SOLD AT $17,550. Packard president James Nance's rushedinto-production 1955 line broke the company. Inadequate oil pumps starved the engines, electronic self-leveling torsion bar suspensions failed, and the company was plundered by Studebaker in an ill-fated merger. But this car looked like a million bucks, and if the colors were original and it was properly rebuilt, it was quite well bought. Rough examples can still be found for $5k, but you really don't want one of those. #123-1960 EDSEL RANGER 4-dr sedan. S/N 0U12W700751. Blue metallic/blue vinyl & gray cloth. Odo: 54,758 miles. 292-ci V8, 4-bbl, auto. One of 1,262 4-doors in the last year of Edsel production. No power steering or brakes. Decent repaint, no obvious rust issues to body. Looks to be correct interior with sparkly cloth inserts, radio, and clock. Chrome pitted here and there, but irreplaceable trim From the Coni Fitch estate. Cond: 1-. SOLD AT $26,730. Almost any contemporary car restored to this level would have brought double the money. Fitch must have had some sentimental attachment to this to prompt what amounted to a frame-off restoration. It's a good lesson to us all that WHAT you restore is as important as HOW you do it. These cars drive like a drunken sailor, and this is best intended for the show field, where it will certainly attract attention as the Galapagos version of a Metropolitan. #507-1955 PACKARD 400 2-dr hard top. S/N 55876560. White & red/red & black vinyl. Odo: 78,744 miles. 352-ci V8, 4-bbl, auto. Top line Packard coupe for 1955. Rebuilt under 2k miles ago (hope it got a 1956 oil pump), torsion complete and fairly straight. Engine features additional outside oil lines to valve gear. Cond: 3. SOLD AT $5,832. The last year for Edsel, which looked more like a Pontiac. The threeyear experiment concluded with only 2,846 '60 models sold, and the brand was wound up in November. With only 126 convertibles built, people have actually faked them. This one seemed like a sound old car, but it's bound to be groaning with accessories before long. Fair deal all around. #457-1962 CHEVROLET CORVETTE convertible. S/N 20867S112426. Black/black vinyl/red vinyl. Odo: 76,846 miles. 327-ci 250hp V8, 4-bbl, 4-sp. Numbers matching. Good repaint with some fixes to typical stock issues, reupholstered seats show well. Some wear to chrome, front bumper fit off, cheap top with Repop bumpers, but good ones. A bit too shiny overall, but very tidy. From the Coni Fitch estate. Cond: 1-. SOLD AT $56,160. Mid-range price, but it felt like a right car that had been rebuilt with care. Mileage was undoubtedly accurate, which was another good sign. Not a particularly desirable combination, but very usable as a nice cruiser. Buy it, drive it, and have fun. Palm Desert here we come; dinner at five, right? 66 Sports Car Market Correct ignition shields, no power steering. Cond: 2-. SOLD AT $64,800. Lots of eye appeal in this iconic model, and a restoration that was literally just finished. Still, it had no mention of matching numbers, and I'd have liked a lot more provenance. Sold mid-range for its freshness and condition, but I'll be surprised if there's much upside without a lot more history. Drive it and enjoy it. Well sold. #715-1965 CHEVROLET CORVETTE convertible. S/N 194675S121668. Ermine White/black vinyl/black leather. Odo: 98,262 miles. 327-ci 300-hp V8, 4-bbl, auto. Matchingnumbers Arizona car. Radio delete, power steering, power brakes, Vintage Air, aluminum radiator but with no shroud. New aftermarket radio included. Restored but not body-off, panel fit excellent with shrink lines visible. back window rubbed, door fit good. Chrome on coves so-so, underhood appears correct with ignition shields in place. Cond: 3. SOLD AT $44,280. About the right amount of effort expended on redoing a low-horsepower car that appeared to be a nice driver in good colors. Bid was at the low end of the price range, but no harm done on either side. Enjoy those sunny days. #460-1963 CHEVROLET CORVETTE coupe. S/N 308375106478. Silver blue/dark blue leather. Odo: 51,280 miles. 327-ci 340hp V8, 4-bbl, 4-sp. Reportedly 200 miles on restoration. Very good panel fit, good paint, evidence suggests hood was slammed on something. Nice interior, AM/FM radio, scratched rocker trim, repop bumpers and knockoffs.

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Silver Auctions Reno, NV #402-1966 CHEVROLET CHEVELLE SS convertible. S/N 138676B109751. Marina Blue/white vinyl/white vinyl. Odo: 5,434 miles. 396-ci V8, 4-bbl, 4-sp. Matching numbers. Fitted with power steering, power brakes, power top, M21 4-speed, Positraction, center console, gauge package, knee-knocker tach, and AM/FM multiplex. Beautiful paint, consistent body panel alignment, good chrome and bumper guards. Correct underhood, good top and tonneau. Very nice interior with teak wheel. Cond: 1-. SOLD AT $50,220. Once again, real money shows up for a real car. With luck it went someplace where the winters are dry and sunny and it will be driven. Sold midrange in a down market for muscle cars, and a bit of a buy. Definitely a car to hold, and the new owner should have no regrets. #661-1966 CHEVROLET IMPALA SS convertible. S/N 16867Y137860. Black/black vinyl/black vinyl. Odo: 53,925 miles. 427-ci V8, 4-bbl, 4-sp. Original black car, fitted with power steering but no power brakes. Frame-off restoration, excellent paint and body fit, new chrome and trim. Nice interior, decent top, original GM mag wheel covers. Very clean AM/FM radio, leather interior, teak wheel. Lovely paint, good panel fit with appropriate seams, good chrome. Appears correct under the hood. Cond: 2. SOLD AT $140,400. Very handsome benchmark car bid to mid-range price; continuing evidence that the right cars still draw the money. For a lot of people, this is as good as mid-years get, and the only thing above it is the L89 with aluminum heads—or way above it, the '67 L88. In these stressful times, I'd call this well bought, as if it holds on now, it's strong. #606-1967 OLDSMOBILE TORONADO 2-dr hard top. S/N 396877M601343. Gold/ gold vinyl. Odo: 90,007 miles. 425-ci V8, 4-bbl, auto. Repainted and reupholstered California estate car. Fitted with power steering, power brakes, power windows, power seats, tilt/telescopic column, a/c, AM/FM, dual exhaust, and cruise control. Very straight body, excellent chrome, clean engine compartment. A sympathetic restoration of an obviously cared- underhood, otherwise is fairly clean. Cond: 3-. SOLD AT $14,580. Perhaps a $25k car two years ago, but in this market, this price was all the money and then some. It's hard to see how more effort would have yielded more results. Felt like a Plain Jane that had been fluffed and buffed, and with that in mind, rather well sold. #166-1969 CHEVROLET CORVETTE underhood. Lacks only console gauges, dashtop clock, higher-horsepower 427, and a/c. Cond: 1-. SOLD AT $41,040. About as good as these get and quite rare. People who wanted to go fast started with smaller cars, then threw in the big engine and other options. Given these options, it could have brought $10k–$15k more, but maybe the ideal buyer was drooling over Chevelles or Corvettes, just like back in 1966. Still, I bet the winning bidder was happy. How often does a car equipped like this turn up? Well bought. #432-1967 CHEVROLET CORVETTE convertible. S/N 1946775S109576. Goodwood Green & white/white vinyl/green leather. Odo: 43,636 miles. 427-ci 435-hp V8, 3x2-bbl, 4-sp. Matching numbers, 3.70 Posi axle, N14 factory side exhaust, N89 turbine wheels with Redlines. 68 for car, though seats are a little darker than door panels. Chrome wheels fitted. Cond: 2+. SOLD AT $27,000. It's hard to fault this car, which apparently ran as well as it looked. I was intrigued to see how it would do, as Toronados and Rivieras still haven't really hit their stride as collectibles and it's hard to find really good ones—like '64-'66 T-Birds. The answer was not long in coming. Mercy me, unless this car was free, the restorer must be completely upside down. #403-1968 AMC AMX coupe. S/N A8M397X328377. Black & white/black vinyl. Odo: 63,340 miles. 390-ci V8, 4-bbl, 4-sp. Fitted with a/c, Go-Pack, power steering, power disc/drum brakes, gauges, and 3.54 Posi. Said to be one of 2,112 with 390/4-speed combination, and one of 967 with a/c. American mags, believed to be one of only a handful in black. Simi Valley, CA, car from new. Decent repaint with white stripes, confirmed by code. Cool period stickers, numerous documents. Cond: 1-. SOLD AT $37,800. Top sale at $22,248 coupe. S/N 194379S700074. Monza Red/black leather. Odo: 96,485 miles. 427-ci 390-hp V8, 4bbl, auto. Matching numbers, tank sticker, pink slip. No a/c, no power brakes. Crispy underhood, smog pump missing and lines plugged. OK repaint of California car, seats redone but horn button is coming off. Good bumpers, at Silver Portland in February '09 (SCM# 119776), and superbly detailed since, still looking fresh. Buffed out, some plating done, but a few genuine dings remain. As good as these get and a rare color. All the money for now, but I still say it's well bought. #689-1968 CHEVROLET CHEVELLE SS 2-dr hard top. S/N 136378K129809. Black & white/black vinyl. Odo: 90,924 miles. 396ci V8, 4-bbl, auto. Non-matching numbers, power steering, manual drum brakes. Dual exhaust, white letter tires. Chrome pitted, repaint fair, front seats redone. Washer lines missing good panel fit. Claimed 5k miles since 1978 and $27k in restoration receipts. Vintage belted Firestones fitted to rally wheels. Cond: 3. NOT SOLD AT $31,000. Bid to $31k the first time around, but the owner wanted $40k. It felt like an unfinished project—not correct enough to Sports Car Market

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Silver Auctions Reno, NV justify miserable (if correct) belted tires, but didn't look like a sweet driver either. Somebody needs to make a decision here, otherwise finding more money will be tough. #733-1969 CHEVROLET CAMARO RS/SS Indy Pace Car convertible. S/N 124679N634263. White & orange/white vinyl/ orange & black houndstooth. Odo: 8,278 miles. 396-ci V8, 4-bbl, auto. Frame-off restoration of matching-numbers Z11 Pace Car. One of 3,640, of which only 10% had the 396 and TH400 auto. Also fitted with a/c, power steering, power windows, power brakes, clock, tilt wheel, and have raised questions about any one you see. Real car, real money, and well bought in the long run. #398-1970 DODGE CHALLENGER R/T convertible. S/N JH27G0B218142. Rally Red/ black vinyl/black vinyl. Odo: 15,988 miles. 5.7liter fuel-injected V8, auto. Original 318 2-bbl car converted to a late-model Hemi-powered tribute. 8 3/4-inch rear end likely to decorate somebody's windshield if you step on the gas. Fitted with power steering, power disc brakes, and Rally dash console. Restored in Alberta, Canada from an original car with 73k miles. #412-1972 CHEVROLET C20 4x4 pickup. S/N CCF142F321027. Orange & white/charcoal cloth. Odo: 603 miles. 350-ci V8, 4-bbl, auto. Brand new resto-mod of an up-and-coming model in the best colors. Power steering, power disc brakes, 6-inch lift, 37-inch tires, Vortec heads, Edelbrock carb. Excellent paint, new interior, dead straight body. Top level Cheyenne Super package, rare tach instrument panel, tilt wheel, colored mags. New power top. Excellent paint and chrome, interior redone but headrest and dashpad sun-baked. Engine compartment looks correct and clean. Cond: 2-. SOLD AT $86,400. Last seen at Kruse Auburn in May '93, where it failed to sell at $20,000 (SCM# 3487). A likable gaudy model with a good equipment package. Too bad you can't go back to the '70s, where it fits. About 30% over current price guides, but it was one of THE Camaros to buy at this sale, so I'd call it well bought and sold this time. #439-1969 CHEVROLET CAMARO COPO coupe. S/N 124379N660749. Frost Green/parchment vinyl/olive green vinyl. Odo: 6,532 miles. 427-ci V8, 4bbl, auto. Matching numbers, beautiful paint and chrome, engine compartment clean and correct. Reportedly scored 100 points at the Forest Grove concours two weeks earlier. Fitted with Cowl Induction, dog dish hubcaps, gauge package, perfect vinyl top, and Polyglas Body and paint good, interior clean, top fits well. Cond: 2-. NOT SOLD AT $47,500. With any luck, somebody somewhere is building the very last Hemi tribute as I write this, with the certainty of losing money on it. The word Hemi has been devalued, just like the word Cobra. Had this still been a 73k-mile 318, it might have sold; not for the $47,500 that was unwisely refused for this, but enough for the seller to see some profit. If I was guessing how to make money out of Challengers or 'Cudas now, I'd be looking for one of the few slant-six 3-speed convertibles, if they still exist. #563-1970 FORD MUSTANG Boss 302 fastback. S/N 0F02G133992. Metallic blue & black/blue vinyl. Odo: 67,530 miles. 302-ci V8, 4-bbl, 4-sp. Excellent original car found in a trailer park in 1983. Same owner since then, still with 1986 Oregon tags. Correct and mostly original car, except for 20-year-old repaint and chrome, hot rod lights. Cond: 1-. SOLD AT $14,580. Hard to fault the workmanship here, but it seems like a tribute to the ideal 4x4 of this era, and the world has had enough of tributes for now. The Vancouver-based restorer who sold the truck also built my old truck (which Auction Editor Jim Pickering is now rebuilding 15 years later), so his work holds up. However, judging from his expression after the sale, this price didn't cover the cost of the work. But what to do? Trucks get used. Who'd believe a great original 4x4, for example? #912-1992 CHEVROLET CORVETTE ZR-1 coupe. S/N 1G1YZ23J8N5800458. Purple/black leather. Odo: 111,137 miles. 350-ci 405-hp fuel-injected V8, 6-sp. Oregon car. Paint good but buffed and swirled, no body damage. Back hatch glass cracked at latch, appropriate wear on driver's seat. Fair tires, wheels not tires. Excellent bare-bones interior. Cond: 1. SOLD AT $172,800. Looked like a right car to me, and the bidders agreed. This car sold for more than double any other Camaro, and if the money's off 20% from last year, it was still the highest price paid all weekend. In terms of value, COPOs paralleled Yenkos for a while, but Yenko Replicas have undermined that market in the same way that Tupperware Cobras 70 engine-out detailing at that time. Newer carpet. Nice patina at this point, sounds good. Cond: 2. SOLD AT $59,400. Felt like a profoundly right car, and the owner was happy to show it off. Sold at high book, and I say well bought at that. Interesting contrast with lot 391, the recently restored red 1970 Boss 302 that brought $89,100. It didn't seem $30,000 better to me, despite its photo files, but someone thought it was. curbed. Looked to be decently maintained but used. Cond: 3-. SOLD AT $9,720. The ZR-1 market continues to skid. This looked like quite a decent old car in an uncommon color, and it makes you wonder where the bottom really is for these former supercars. Maybe we'll all be able to say, “I could have bought one for under $10k” someday. If the buyer drives the wheels off it and blows it up at 150k miles in three years' time, he will still get some of the money back in parts. Rather well bought, I'd say. ♦ Sports Car Market

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Worldwide Auctioneers Auburn, IN The Auburn Auction This year's sale had consignments attuned to the attendees at the annual Auburn Cord Duesenberg show Company Worldwide Auctioneers Date September 5, 2009 Location Auburn, Indiana Auctioneer Rod Egan Automotive lots sold / offered 33/81 Sales rate 41% Sales total $2,446,290 High sale 1942 Chrysler Newport Town & Country Barrelback, sold at $440,000 Buyer's premium 1942 T&C sold post-block for $440,000, high sale of the event Report and photos by B. Mitchell Carlson Market opinions in italics W orldwide Auctioneers conducted its second annual auction at its new home base between Auburn and Fort Wayne, Indiana, on September 5. Held on the Saturday evening of the Auburn Cord Duesenberg Festival on Labor Day weekend, this year's sale had consignments that seemed to be better attuned to the attendees at that show. True to the spirit of the festival, they had at least one of each of those three fabled marques that call Auburn home. Last year's inaugural event covered most bases, with the emphasis on European sports cars and American Classics. This year, Full Classics were the dominant theme, while sports cars were there to a lesser extent. And it seemed like the few sports car consigned were more along the lines of Blisters, especially in the case of Ferrari—a marque which last year stole the show with a $2.5m 410 Superamerica. On the other side of the coin, the Full Classics consigned were generally well-sorted cars with good pedigrees. I overheard the comment more than once during the preview that these were the cars Kruse used to sell just up the road back in the good old days, before the current, and unfortunate, confusion surrounding the Auburn, IN company and its payment of consignors. In fact, the last three consignments were all last-minute, originally slated for the Kruse Auction Park—their images were even featured on Kruse advertising in the ACD Festival official program. In the end, the consignor brought the cars down to Worldwide two days before the auction. It was a Full Classic that generated the top sale on auction night: a 1937 Packard Twelve convertible sedan at $330,000. In strong second place was another Full Classic (albeit recently declared as one), the stunningly restored 1947 Chrysler New Yorker T&C woodie convertible, sold at $264k. A couple days later, Worldwide announced that a deal had been put together on the other Chrysler woodie at the auction, the 1942 Newport T&C sedan, at $440k. It had been a no-sale on the block at $340k amid some heavy activity—both onsite and over the phone—with the prospect at that time that a Sales Totals deal was imminent. When the last car crossed the block at 10:30 on Saturday night, 28 cars had been hammered sold of the 81 that crossed the block. While there were 80 cars originally cataloged, one was scratched from the catalog listing after sustaining damage in transport, one didn't cross the block due to a mechanical problem, and three cars were added to the docket on Thursday. While the numbers were down overall from 2008, the consensus is that Rod Egan and John Kruse have found their niche here, and fully intend to be part of the ACD Festival weekend. ♦ $10m $2 $4 $6 $8 2009 2008 10%, included in sold prices 72 Sports Car Market

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Worldwide Auctioneers Auburn, IN ENGLISH #31-1921 ROLLS-ROYCE SILVER GHOST Springfield 7-Passenger touring. S/N 95MG. Green & black/black cloth/black leather. RHD. Odo: 34,790 miles. Coachwork by Rolls-Royce Custom Coachworks. Mileage claimed to be original. Was part of the Barney Pollard Collection, and he allegedly obtained it from the original owner. Light panel edge chipping of paint, mostly original plating thin in places, wheels respoked within the last few later his descendants, from whom the consignor purchased the car. Still, it had good care under long-term ownership. Bid to $120k on the block as a no-sale, but was declared later in the sale to have been sold in a post-block deal. #33-1928 ROLLS-ROYCE PHANTOM I Springfield Pall Mall tourer. S/N S103RP. Red & silver/gray cloth/red leather. Odo: 75,409 miles. Coachwork by Merrimac Body Company. High quality restoration in the mid-1980s. Minimal polishing swirls on highquality repaint, light dulling of plating on most surfaces. Stunningly well detailed motor and engine compartment. Well restored underpinnings, with newer leather grease boots on cracking both front and rear. Cond: 3-. NOT SOLD AT $91,000. Originally owned by the writer of the 1939 screenplay “Goodbye, Mr. Chips,” novelist Robert Sherriff. After WWII, it went into the ownership of a musician from around Monaco, hence the grille badges. Interesting that it's considered a possible oneoff body. Perhaps that's why I was rather taken with it, despite (or probably because of) some heavier levels of patina. Due to said patina, the final offer was within reason. #10-1952 MG TD roadster. S/N TD17488. Red/tan cloth/tan leather. Odo: 11,272 miles. $34k worth of restoration work within the last few years, done to between show grade and concours levels. Period accessory Lucas fog lamps and cloisonné club and event badges. Better than original body prep, panel fit, and repaint. Authentically restored engine bay and years. Modern hydraulic steering stabilizer added up front. Original seat leather dry and starting to crack up front, rear compartment covered by cloth tonneau cover. Most of front floor board not in place. Somewhat dingy engine bay and undercarriage. Cond: 3. NOT SOLD AT $200,000. In the early years of the collector car hobby, Barney Pollard was the commensurate old car pack-rat, having had almost 1,200 cars scattered around the Detroit area. It's now part of the Robert B. Merrifield Collection, and the final bid wasn't sufficient to make them want to part company with this lowmile, original, early Springfield Roller. #30-1928 ROLLS-ROYCE PHANTOM I Springfield landaulet. S/N S346FM. Maroon, springs. Supple leather seat upholstery, likenew carpeting. Gauge faces with light tarnishing, although refinished wood dashboard shines like glass. Light soiling and wrinkling of Haartz cloth top. Cond: 2+. NOT SOLD AT $220,000. One of 33 Springfield-built tourers cataloged as a Pall Mall. Part of the Robert Merrifield Collection, this car was always kept in a state of touring readiness by his staff. While not a minty perfect car, it was of a highly congruent well-kept state that gave the impression that it was ready to go or show on short notice. This price was said to be very close upon the car leaving the auction podium. #35-1939 ROLLS-ROYCE WRAITH black, & aluminum/black leatherette/black leather & gray cloth. Odo: 74,968 miles. Coachwork by Brewster. Fitted with uncovered dual sidemounts, with strapped-down mirror atop each one. Restored approximately two decades ago, after it was acquired from the original owner's family in Chicago. Only light polishing swirls to otherwise excellent older repaint. Plating somewhat cloudy, but isn't obtrusive. Clean and ready-to-show engine compartment and undercarriage in mostly gloss black. Light wrinkling starting to take hold of chauffeur's compartment leather, but is still pliable. Cond: 2. SOLD AT $143,000. Said to be a two-owner car. Technically, the original ownership was the original purchaser and then 74 25/30 All-Weather tourer. S/N WRB9. Pastel blue/navy blue cloth/blue leather. RHD. Odo: 12,156 miles. Coachwork by Thrupp & Maberly. Old repaint almost comes off as original, due to patina, chips, and light dulling. Fitted with dual sidemount spares with metal covers, fender-mount mirrors, singular front driving lamp, and grille badges from Monaco. Original plating dull and thin in places, older replacement top doesn't fit as well as it used to around body, with some seams starting to lift. Seat and door panel leather upholstery looks original, with heavier wear and moderate undercarriage, with correct type components. High quality dashboard wood, with a mirror like finish. Excellent interior retrimming, showing only light wear on driver's seat bottom and foot well. Cond: 2. SOLD AT $27,500. A rather well sorted out car, needing only a few minor details (losing most of the grille badges would be a start) to make it a stellar concours car. The reserve was dropped when the bidding ceased, yielding a market-correct steel-wheel TD the new owner can be proud of. #3-1953 MORGAN PLUS 4 roadster. S/N V335ME. Medium blue/black cloth top/black vinyl. Odo: 70,003 miles. Consigned by the second owner, who has owned it for over 48 years. California black plate registration. High quality older repaint, with just a few light chips on edges of front fenders. Good plating on bumpers and grille, period aftermarket singular driving light, clean yet well used engine bay. Newer seat upholstery and top, but with original carpet and tonneau cover. Gauge faces heavily weathered. Cond: 3. SOLD AT $28,600. Flat-grille Morgans are few and far between, and they certainly look quite different from the more common rounded grille. Unfortunately, it seems to give the car something of an identity Sports Car Market

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Worldwide Auctioneers Auburn, IN crisis—one onlooker thought it was one of those VW-platform pseudo-Bugattis. This is the way to buy 'em, though, seemingly well sorted and used regularly but sparingly by a Morgan club member, who was only needing to sell because he's in ill health and can't drive anymore. Priced correctly to the market. #18-1959 AC ACE Bristol roadster. S/N AEX478. Dark red/black leather. Odo: 51,457 miles. Originally exported to the U.S. with an AC engine. Upgraded shortly thereafter for the original owner, who campaigned it in SCCA E-production class. Bristol 100D2 spec engine saw combat in the SCCA for two years before being installed in this car. Engine recently rebuilt and cosmetically detailed to betterthan-race standards. Recent repaint generally good, although with some light overspray in dashboard wood with some crazing of varnish. Cond: 3. SOLD AT $71,500. Although it had a few rough edges, this was still an appealing coachbuilt Bentley for touring use. Hammered as a no-sale at $70k on the block, but it was later announced that a deal was put together on it before the end of the auction. #53-1966 JAGUAR XKE 4.2 SI convert- ible. S/N 1E1445. Red/black cloth/black leather. RHD. Odo: 63,493 miles. RHD. U.K. market car when new. Optional AM/FM/SW radio and chrome knockoff wire wheels. Restored from rotting road kill in a field to being the most recent JCNA National Champion, with the most recent events earning 99.7 points in 2009. Only nonauthentic items include gel-cell battery and flat finish chrome on suspension A-arms. Restored with replacement engine block due to cracks, but original is available from the consignor. detailing in engine compartment. Some interior fittings show moderate wear. Cond: 2+. NOT SOLD AT $230,000. Last seen at Bonhams' Brookline auction in October '08, where it generated a no-sale bid of $290k (SCM# 118248). Unlike today, Peugeot in the Brass Era was one of the premier builders of luxury automobiles. It took nearly a year for the car's chassis to be built, have Labourdette fit the bodywork, and then get it shipped to Brazil from France. Stands as a near timestamp of luxury motoring from a century ago, and that is difficult to put a price on—although a quarter of a million should have done it. #59-1936 DELAHAYE TYPE 135 convert- ible. S/N 46864. Dark blue/dark blue cloth/gray leather. RHD. Odo: 15,677 km. Coachwork by Figoni et Falaschi. Authenticated by Club Delahaye France Archives as being “correct in all respects.” Impeccably restored by Hill & Vaughn from 1990-1993, with recent detailing by Alan Taylor Company and Hjeltness Restorations. Most recently received the Paul Cerf Memorial Award in CCCA competition in 2009, after being judged for the third time to 100 points. Original motor updated after WWII to Type 135M specifications, and in 2009 is wheelwells. Original interior upholstery with some patina. Title in transit. Cond: 2-. NOT SOLD AT $160,000. The Bristol engine dates to the pre-war BMW 328, updated minimally by Bristol after the war. While the Bristol was available in the Ace as a competition option starting in 1956—and was the exclusive Ace engine from 1962 until the end in 1964—this car was still a conversion rather than having been originally fitted with the Bristol. Therefore, like other conversions, it was bid to the value of an AC-powered car with some fudge factor for the Bristol engine as a stand-alone part. #22-1960 BENTLEY S2 CONTINENTAL Flying Spur saloon. S/N BC76AR. Dark blue/ parchment tan leather. RHD. Odo: 55,820 miles. Coachwork by H.J. Mulliner. Factory-optional a/c and Motorola multi-band radio. Appears to be original paint, with some cracking but no significant chipping. Good panel gaps, although trunk seal misaligned and protrudes along upper gap. Good original brightwork, Shows no wear and is concours ready. Cond: 1. NOT SOLD AT $85,000. While the consignor boasted up the fact that Coventry only produced 863 right-hook 4.2-liter E-types in lieu of nearly 6,000 left-hand drives, that is something of a moot point here in North America. Sure, it may only be useful as a trailer queen from here on out, but selling a RHD car where there's tons of LHD examples is going to be very tough. While there were global bidders on the phone, a sale intended more for the export market—rather than rural Indiana—would have been the better venue for this car. FRENCH #42-1907 PEUGEOT TYPE 92D double phaeton. S/N 9465. Dark blue/black leatherette/black leather. RHD. Coachwork by Labourdette. Most components original from when it was shipped to its first owner in Brazil in 1908. Cosmetically restored in the early 1980s by Ken Vaughn, interior restoration done three years ago. Fitted with period-correct accessory snake's head horn when body was installed. Most stampings on brasswork muted from polishing. Excellent older repaint with some light polishing swirls, concours-quality impeccably detailed. Ostrich leather inserts on seats and door panels. Cond: 1. NOT SOLD AT $3,050,000. Last seen at Christie's Los Angeles in June '99, where it sold at $365,500 (SCM# 16599). One of the most significant Delahayes, because it influenced Figoni et Falaschi's later designs. Also because Joseph Figoni personally drove this car for its original owner, who was a personal friend and had failing eyesight. While most of the interest was from phone bidders, the last man standing was actually on site. After it failed to meet the reserve, the auction company could've just as well told the crowd to go home, since nearly half the chairs emptied as it rolled off the podium. #61-1959 TALBOT-LAGO AMERICA coupe. S/N 150005. Red/black leather. Odo: 60,149 km. Claimed by the consignor to be the last Talbot-Lago built. Older repaint of average quality, most chrome pitted or cloudy to some extent—especially grille surround. Front bumper cracked and rewelded at center. Cloisonné with light overall cloudiness to most of it, although left side mirror head is heavily worn. Windshield wiper arms do not match. Light cracking of original seat leather, good original 76 Sports Car Market

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Worldwide Auctioneers Auburn, IN grille emblem heavily chipped, vent windows heavily crazed. Interior somewhat dingy; original seats show heavy wear and heavily compacted seat padding. Scruffy engine bay and undercarriage. Cond: 4+. NOT SOLD AT $110,000. In 1959, Talbot-Lago was bought out by Simca, and with Simca controlled by Chrysler at the time, the future of Talbot was destined to be down-market rather than up-market. Oddly enough, the final Americas were powered by a flathead V8 that was basically a copy of the 60-hp Ford of the late 1930s. It wasn't quite the untouched virgin the consignor felt it was, so the final bid seemed market correct. ITALIAN #16-1969 FERRARI 365 GT 2+2 coupe. S/N 118350. Red/black leather. Odo: 83,118 km. European specification when new, with optional a/c as well as power door and vent windows. Good quality five-year-old repaint, otherwise generally original. Good door and panel fit, decal on driver's vent window from 1978 FCA track event at Daytona. Good, mostly original interior, with light seat wear, mismatched dashboard to console wood, and 1980s vintage stereo. Recent service, but runs From the era when Cadillac was awarded the Dewar Trophy for parts standardization, and back when “The Standard of the World” had real meaning. A century later, it's hard to think that an Escalade would fit that byline. Eligible for most London–to–Brighton style rallies, it can be more than just a museum ornament now that it's showing some wear. A good deal for all parties concerned. #82-1912 MITCHELL “Baby Six” run- about roadster. S/N 24289. Gray/black cloth/ black leather. RHD. Odo: 2,140 miles. Top-quality concise restoration preformed within the last decade, good enough to have been awarded third place in the Pre-1915 category at the 2004 Pebble Beach Concours d' Elegance. Better than original body prep and repaint is only dulling slightly. All brass expertly polished. Well detailed engine compartment and undercarriage. Seat leather starting to show some light soiling and wear, but develop a few light cracks, some light chipping on panel edges. Wax residue in gaps and crevices. Period accessory Packard script and Twin Six emblems wired into radiator, Lincoln Highway Motometer atop radiator. AACA badge from the mid-1960s still affixed to center of dashboard. Interior upholstery shows more aging than wear. Cond: 3+. NOT SOLD AT $340,000. The Twin Six was the car that firmly put Packard on the top of the domestic luxury car map—and even inspired Enzo Ferrari to build V12s for his cars. While not a sanitary concours car, it presented well enough and had enough provenance and panache to make an attempt at restoration rather silly. As either a show or touring car, the final bid would seem to be within striking distance, but I'll still say it was slightly shy. #65-1927 DUESENBERG MODEL Y out more like an exotic chainsaw than the robust big sister to the Daytona, and encountered drivability problems before the sale. Cond: 3. NOT SOLD AT $68,000. It was claimed on the block that the car was “driven here from Pennsylvania without any problems.” Well, it certainly picked up one before the sale. While the staff said they solved the drivability issue, the bidders were gun shy enough to not want to take a chance beyond low retail. Overall there seemed to be little interest in the car, so I'll chalk it up as being the placeholder for the sake of having a Ferrari at the auction. AMERICAN #48-1909 CADILLAC MODEL 30 4-dr touring. S/N CAD3206808. Dark blue & black/black vinyl/black leather. RHD. Odo: 6,143 miles. Pennsylvania title states it's a 1908, but it's actually a 1909. Wears older concise restoration that's starting to show some light deterioration from limited use. Paint has some light cracking, but is not chipping off. Clear coat on wood is starting to show some light cracking, but still presents well. Horseless Carriage Club of America badge nailed to left side of dashboard. Brass could stand a professional polishing, but looks commensurate with rest of car. Interior leather has some light wear and wrinkling. Cond: 3-. SOLD AT $71,500. 78 Prototype phaeton. S/N 912. Maroon & black/ tan cloth/red vinyl. Odo: 20,002 miles. Sold by Cord Inc. in 1932 to August Duesenberg, who was its first private owner. Conditional to his purchase, Augie was to have destroyed the chassis, but the majority of the car survived— to include all the bodywork. Haphazardly cosmetically done up before being purchased by the consignor's father over 50 years ago. Repaint heavily crazed, moderately to heavily pitted chrome, greasy and dingy engine doesn't detract much from the car. Cloth top appears not to have been folded since installation. Cond: 1. NOT SOLD AT $200,000. Last seen at Kruse Phoenix in January '09, where it failed to sell at $380k (SCM# 119475). Racine, Wisconsin, was the home of several automakers, and in its day, Mitchell had perhaps the highest reputation. (After 20 years of reporting on collector car auctions, B. Mitchell finally gets to report on one of his namesake cars—ED). Like the Rambler (which also had the same consignor), this was a last-minute entry with basically no pre-sale exposure from Worldwide, so it was pretty much destined to be a no-sale. #55-1915 PACKARD TWIN SIX 7Passenger touring. S/N 82852. Dark blue & black/black cloth/black leather. Odo: 33,151 miles. Formerly owned by the late Phil Hill, and restored by him in the early 1960s. Restoration still holds up quite well today, with only a top replacement done since Mr. Hill sold it in 1980. Enamel paint starting to compartment. Runs out smoky and very rich. Old Naugahyde redo on seats and door panels is noticeably fading. Forward portion of floor board missing. Cond: 4-. NOT SOLD AT $500,000. This is the one and only surviving of the two Duesenberg Model Ys—the prototypes for the Model J. The other one was a sedan that was destroyed by the company. While I wasn't expecting it to reach Model J pricing, I do feel that it was worth a bit more than what was bid here based on raw history versus condition. Even among Duesenberg owners, few can say that not only did Fred Duesenberg drive their car, but that Augie Duesenberg also owned it. #41-1930 CADILLAC V16 Madame X 4-dr sedan. S/N 702054. Green & black/black leatherette/gray cloth. Odo: 62,890 miles. Sports Car Market

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Glovebox Notes 2009 Dodge Challenger SRT8 A brief look at cars of interest that have passed through the SCM stable. HHHHH is best. #47-1931 REO ROYALE Series 835 coupe. S/N 35N2047. Two-tone blue/gray cloth. Odo: 89,932 miles. Restored in the late 1980s, AACA Senior award in 1990. Stateof-the-art paint and chrome still looks fresh. Oversized tires, so fenders look overstuffed, and compared to dual sidemount spares, they're huge. Expert upholstery work, with the possible exception of the rear seat assist straps, since they are actually the LeBaron Bonney Price as tested: $44,475 Likes: Retro styling, raucous-under-throttle 425-hp 6.1-liter Hemi (painted Hemi Orange), notchy yet solid Tremec 6-speed with pistolgrip shifter, comfortable seating with an acceptable rear seat. Dislikes: Slab sides mean door dings. Much taller than original, thanks to side impact regulations. Horrible rear visibility, SRT forged aluminum rims easy to curb and expensive to fix. Exhaust too quiet until you stab the throttle, and doing that will get you in trouble. 14 mpg an unfortunate throwback to the 1970s. Fun to drive: HHHHH Fun to look at: HHHH Overall experience: HHHH Verdict: This is Chrysler's halo muscle car, and with 425 hp, three pedals, and bright colors, it fits the definition. It's hefty at 4,170 lb, and it's no corner carver with its live rear axle, but who cares? Still, the Camaro SS is only $33,430, and offers more bang for the buck. Make the Challenger noisier and cheaper and it could be a contender.—Jim Pickering 2010 Lexus RX 350 FWD Coachwork by Fleetwood. Old enamel repaint starting to crack on upper surfaces of green and at most of black bodyside character line. Black fender paint looks newer. Heavier paint chipping on door hinges, as if door pins were smacked in place with an errant hammer blow. Presentable older chrome replating with some light tarnishing. Sidemount canvas covers with heavier soiling. Newer interior upholstery work done exceptionally well, good older engine bay and undercarriage detailing. Fitted with Pilot Ray driving lights. Cond: 3+. SOLD AT $156,200. The “Madame X” bodies are all cataloged as being of the 4100-series, with closed bodywork and thin window pillars. This one was sold new by Don Lee Cadillac in Los Angeles, and from the 1950s on has been in a number of high profile collections, being consigned here by the Sterling McCall Collection. Bought well, as Full Classic sedans—especially Cadillac V16s—don't obey that silly “two doors too many” rule that some feel applies to post-war cars. Price as tested: $49,825 Likes: Comfortable, luxurious crossover with 275-hp, 3.5-liter V6, 25 mpg highway, 6-speed auto, relatively intuitive “mouse” function control system. Little road noise, great stereo with XM satellite, voice command nav, Bluetooth, turning headlights, rain-sensing wipers. Seats heat/cool, heads up display, and every safety gadget you can think of. Gripes: Redesign is not pretty. Seems like an awful lot of money for 2WD. Luxury package is whopping $4,800 extra, nav is $2,440, neat headlights, heated/cooled seats $2,000, headsup display $1,200. Fun to drive: HHH Fun to look at: HH Overall experience: HHH Verdict: Okay, it's a no-brainer if your pockets are that deep and you're a soccer mom in Pacific Palisades. It'll go 250k miles easy, and it's smart and comfortable. But for $10,000 less, I'll take the Toyota Venza, which feels/looks much sharper and has AWD. Now, where's that 40 mpg diesel hybrid?—Paul Duchene 80 #43-1931 CADILLAC V12 Series 370-A Rumble Seat roadster. S/N 1002070. Twotone silver & light blue/navy cloth/light blue leather. Odo: 1 mile. Equipped with rumble seat, dual side mount spares, and metal trunk painted body color. Newer expertly done repaint, good older chrome. Headlight lenses heavily yellowed, whitewalls on sidemounts also have heavier yellowing, seat leather starting to show some moderate wrinkling and light wear. Well replacements for a 1936 Ford (busted, since I used the same ones on my '39 Packard). Cond: 1-. NOT SOLD AT $52,000. The Royale was REO's top-shelf car until they terminated car production in 1935. It is also the company's only model to be designated a CCCA Full Classic. This bodystyle was unique in that the integral trunk was styled to appear as though it were a removable steamer trunk inset into the rear of the body. With very limited survival, this would seem to be in the lower range of what to expect to pay for a driver-grade coupe, so I can understand why it was a no-sale—although finding a buyer will take some work. #38-1933 AUBURN 8-105 boattail speed- ster. S/N GC1607. Lavender & white/black cloth /white leather. Odo: 3,999 miles. To quote the auction catalog; “original body that was restyled from the cowl on back by Glenn Pray.” Fitted with stock wood wheels with sidemounts, free wheeling transmission, dual ratio rear end, and tachometer. Also has rear turn signals and front Trippe lights. Older restoration holding up rather well, loose fit to cowl lamps. Light varnish weathering on stock wood wheels, Startex self-starter now detailed engine compartment and undercarriage, although exhaust system has a heavy coat of surface rust. Cond: 2-. NOT SOLD AT $130,000. Last seen at RM's Phoenix auction in January '02, selling for $90k (SCM# 27056). Most collectors emphasize the hallmark V16— which was actually the essential reason for the V12's existence—to be something of a ruse during the sixteen's development. The twelve was just as good of a motor as the sixteen, due to a great commonality in parts, and today is a relative bargain because of it. Perhaps the Sterling McCall Collection may try to get closer to $150k, but I doubt that they'll see any cost benefit from not taking this bid. bypassed with solenoid. Otherwise generally stock, with light yellowing and soiling of white upholstery. Cond: 2-. NOT SOLD AT $76,000. Being a Clone Classic, this is best as it's currently set up; with more modern mechanical enhancements (such as DOT 5 brake fluid and sealed bearing water pump). That way, you can tour with it without being too self-conscious that you may be putting a rare Classic in harm's way. Certainly worth more than an all Tupperware Auburn Speedster with a Corvette Sports Car Market

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Worldwide Auctioneers Auburn, IN lurking under it, but not by a whole lot more, as everyone will assume that a defenseless sedan got butchered to make this. #67-1934 PACKARD TWELVE Series 1107 sport phaeton. S/N 901644. Black & red/black cloth/tan leather. Odo: 66,694 miles. Original accessory spotlight, wind wings, and AM radio. Recently completed concours quality restoration, debuting with earning a CCCA Premier Award cowl badge in July. No discernible wear on all easily viewed areas. The undercarriage is the exception, as it was entirely painted over in gloss black. Only out-of-place ball, once one looked closer, this was more of a make-it-pretty refurb than a restoration. Even at that, this was still a good deal on a generally stock roadster. Not a smoking hot deal, but bought well. #57-1935 PIERCE-ARROW 1245 V12 Rumble Seat convertible coupe. S/N 3120096. Dark blue-green metallic/tan cloth/tan leather. Odo: 416 miles. Early 1990s restoration, Senior classification badges from the CCCA & Pierce Arrow Society attached to left side of cowl date from that era. Incorrect paint done reasonably well, prep issues include A-pillars which were once drilled out and filled in. All chrome replated and still excellent, cloth dual over a decade old. This was the top sale across the auction block on Saturday night, and while I'll confess my bias as a Packard man, this was still money well spent. #34-1937 PACKARD 120 Series 1701 convertible sedan. S/N 10971206. Maroon/tan cloth /tan leather. Odo: 60,779 miles. Period accessory Trippe driving lights purely cosmetic, as wiring is not connected. Dealer accessory bumper guards, retrofitted with subdued turn signals and right-hand exterior mirror. Better quality older repaint, several light door panel edge chips. Exterior door handles droop slightly components include clean vinyl floor mats and modern drive belts. Stated on the auction block that it “may not be all original components to this car.” Cond: 1-. NOT SOLD AT $290,000. As a credit to the owner, he wisely decided to restore the car back to its original color combination—although I'll second-guess him on the chromed wire wheels. Far too many of these sportier Full Classics were restored in racier colors, especially in the early years of the hobby. Due to the limited numbers of this desirable body—let alone fitted to the Twelve chassis—I can't blame the consignor for holding fast for a better offer. #46-1935 FORD MODEL 48 Rumble Seat roadster. S/N 181655200. Washington Blue & red/tan cloth/red vinyl. Odo: 426 miles. Sold new in Denver, with rumble seat, AM radio, and “banjo” steering wheel. High quality repaint, newer replated bumpers, stainless hood trim has some noticeable scratching. Brand new and well installed top, right front whitewall tire has quite a bit of curb rash and yellowing. Missing glovebox door and cardboard compartment, rest of interior very well done and shows no wear or soiling. Seat back nearly church-pew vertical. Undercarriage sports rusty original metal and lots of Washington Blue overspray. Cond: 2-. SOLD AT $41,800. While having lots of eye sidemount covers and top show light weathering. Excellent older engine detailing work with some aging, expertly reupholstered interior with minimal wear. Cond: 2-. NOT SOLD AT $320,000. By the time this car was built, Pierce-Arrow was struggling to stay afloat, and it even started making alternative products, such as travel trailers, to stay in business. It was to no avail, as one of the proudest marques in U.S. automotive history faded from the scene in 1938. This was no longer a turn-key concours car, thanks to a lot of sitting since it was restored, and the final bid really should've sold the car. TOP 10 No. 4 #24-1937 PACKARD TWELVE Series 1508 4-dr convertible sedan. S/N 1073218. Packard Blue/tan cloth/ blue leather & cloth. Odo: 43,288 miles. Dual sidemount spares with metal covers and mirrors. Professionally restored in the 1990s to the highest of standards, and shows virtually no wear inside or out. Has won several concours from 1999 through now, to include being judged 100 points in several AACA and CCCA events. Most recently was awarded its CCCA National Senior Award badge in July 2008. No discernible signs of wear or deterioration, apart from slight wrinkling of driver's seat bottom and minimal dust on undercarriage. Cond: 1. SOLD AT $330,000. Sold new in Richmond, VA, to the heiress of the Home Beneficial Life Insurance Company, and retained by her for almost thirteen years, when she traded it in on a new Packard. In 2009, it is in better-than-new condition, despite having a restoration that was from fatigued springs. Authentic, high quality seat and door panel upholstery work, seats glossy from wear. Clean but not highly detailed engine compartment. Light top wrinkling and soiling. Cond: 3. NOT SOLD AT $60,000. As a Man Who Has Owned One, this One Twenty didn't really bowl me over. While I like convertible sedans, this one was now pretty much a driver, and it was possibly one step away from wedding shuttle service. The final bid was generous by about $5k to $10k, so my guess is there was an unrealistic reserve. #21-1939 CADILLAC SERIES 61 4-dr convertible sedan. S/N AZ218892. Silver/ black cloth/maroon leather. Odo: 36 miles. Arizona assigned VIN. Fitted with period accessory Trippe lights. Older non-stock repaint, with blotchy metallic and orange peel on some compound curves. Mirrors once mounted on hard dual sidemount spares missing. Right front and rear fenders with scratches in paint, original vent window seal rubber rippled. Good workmanship on interior reupholstery, but seats and replacement carpeting now show some soiling. Original radio missing. From the Sterling McCall Cadillac Museum Collection. Cond: 3-. NOT SOLD AT $55,000. While the auction catalog might have been correct in stating that “great pains were taken to restore this convertible sedan to the highest level,” it was obvious that the work completed was a long time ago, and there were a lot of miles under the tires since then. As a non-CCCA Full December 2009 81

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Worldwide Auctioneers Auburn, IN Classic, this was all the money in the world for what was at best a tour or cruise car. #19-1941 PACKARD 120 DeLuxe 2-dr coupe. S/N D305050A. Pastel Blue & gray/ gray & blue leather. Odo: 2,398 miles. Factory optional a/c, overdrive, push-button AM radio, dual sidemounts, and bumper guards. Per the reproduction data plate, originally sold new in Norfolk, VA, on April 18, 1941. Good quality older repaint with a hint of fading. Older replated bumpers and trim pieces, older engine repaint light on the cylinder head and starting since the rear window is integral with the roof. My dad's cousin Walt owned a 1941 edition in his carpentry contracting days in the late 1950s, and he'd be utterly dumbfounded to see these workhorses being restored to this level. Fair price considering condition. TOP 10 No. 8 #52-1947 CHRYSLER NEW YORKER Town & Country convertible. S/N C3939896. Dark blue & two-tone wood/tan cloth/brown leather. Odo: 155 miles. Fluid Drive semiautomatic transmission. Wears period spotlights on A-pillars. Restored as perfectly as humanly possible, with no discernible wear. AACA Senior Grand National in 2007, with of these cars, and I have a hard time with the idea of permanent personalization. #36-1948 LINCOLN convertible. S/N 8H108788. Maroon/tan cloth/black leather. Odo: 26,863 miles. Factory optional overdrive. Restored in the mid-1990s as a giveaway for a lending institution. AACA Junior badge in 2001, Senior in 2004. Good quality repaint, some light polishing swirls. Most chrome replated, showing some light scuffing. Motor rebuilt within the last decade, detailed at that time to show quality level. Top has light weathering and two places where fabric bunched up when being sewn together. Seat leather starting to show moderate wrinkling, but is still rather to get rusty again. Reupholstered interior, with leather replacing original cloth on seats and door panels. Moderate yellowing of the original plastic steering wheel and dash knobs. Cond: 3+. NOT SOLD AT $46,000. Packard was the first manufacturer to offer automotive a/c in 1940. It was still more of a play toy a year later, costing a then princely sum of $275. I knew this car when it was owned and restored by 1940s Packard expert Jim Hollingsworth, and I should have spent the money to buy it when I had a chance instead of tossing cash into the 1939 120 sedan I restored and subsequently sold at a draw. At least I'd have had a far rarer investment-grade coupe instead of a hard-to-sell sedan. TOP 10 No. 2 #51-1942 CHRYSLER WINDSOR Town & Country barrelback. S/N 70512660. Dark blue & two-tone wood/tan leather. Odo: 54,728 miles. Fitted with a period accessory Fulton sun visor. Restored to significantly higher quality than originally manufactured. All wood expertly fitted and flawlessly finished, with no gaps, cracking, or indication of fillers. Top-quality body fit, prep, and paint application. Restoration shop badge displayed on front license plate bracket. Has also been an award winner at Meadow Brook, The Glenmoor Gathering, and the National W.P. Chrysler club. Cond: 1. SOLD AT $264,000. Restored by the same facility as the '42 Chrysler, and both of these Town & Countrys complemented each other quite well. Having seen these cars steadily increase in value over the last few years, let alone woodies in general, we now know what the benchmark selling price is in this market for a #1 condition T&C convertible. #28-1948 BUICK ROADMASTER con- vertible. S/N 34978332. Maroon metallic/tan cloth/tan leather. Odo: 82,374 miles. From the estate of the late Robert Turnquist, and restored by his Hibernia Restorations shop to AACA award-winning levels, earning 100 points in 2007. Near flawless paint too glossy and deeply metallic to look correct for the era. Light scuffing on N.O.S. wheel covers. Turnquist coat of arms painted on tops of doors in miniature. Concours-quality engine compartment detailing, with correct components and finishes. Expertly presentable. No reserve. Cond: 2-. SOLD AT $44,000. In pre-auction materials, this was referred to as a Continental, but the Continental convertible had more of a Victoria-style blind rear quarter top. The standard Lincoln had rear quarter windows on the sides, plus the top was markedly shorter. The trunk on a Continental is also stubbier and has exposed hinges. Standard Lincoln convertibles are now rarer, as a lot died so that Continentals could live. Still, rare doesn't always equal desirable, and this was as good a sale as could be expected. #40-1970 FORD MUSTANG Boss 302 fastback. S/N 0T02G132775. Pastel Blue & black/black vinyl. Odo: 30,272 miles. 302-ci V8, 4-bbl, 4-sp. Marti report confirms configuration. High quality prep, repaint, and restriping from bare shell. Door glass on passenger's side somewhat loose, front disc brake calipers painted Ford corporate blue. Heavier soiling on Hurst shift linkage boot and new aftermarket carpeted floor mats, interior otherwise like fitted small plaque to driver's door pillar. 2009 Meadow Brook concours “Most Significant Chrysler” Award winner. Cond: 1. SOLD AT $440,000. On the block, this was a no-sale at $340,000, but a couple of days after the auction, a deal was put together at this price. While this was referred to occasionally at the auction as a station wagon, it's actually a 4-door sedan, 82 reupholstered interior, with light wrinkling of seat leather. Modern fire extinguisher mounted on transmission hump. Cond: 1-. SOLD AT $79,200. Bob was best known for his love and knowledge of Packards, but this Roadblaster is proof that he wasn't blind to other marques. The reserve was lifted when the car attained this final bid—a bit on the pricey side, but not by much. My only qualms with the car were the coat of arms, as I believe we are temporary custodians new. Authentically detailed engine compartment and undercarriage, pretty much ready for concours judging. Runs out well, in bone-stock tune. Cond: 2+. NOT SOLD AT $60,000. Ever wonder why we don't have good flash pictures of 1969-70 Boss 302s & Mach 1s? They have Scotchcal striping, just like a license plate. In other words, if you use a flash on one of these cars, you get a very bright band of light where the striping is, and the rest of the image is dark. At least this was Pastel Blue—the next best thing to Wimbledon White. In today's market, the car really should've sold for this money. ♦ Sports Car Market

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NOW AVAILABLE: Keith Martin's Guide to Car Collecting, Second Edition Keith Martin's Guide to Car Collecting, Second Edition, will be your one-stop resource for collecting. ALL COPIES SIGNED BY THE AUTHOR! The updated edition includes over 300 pages of insider information about the collector car market, with tips and insights you simply won't get anywhere else. It includes everything, from the top 1,000 prices of collectible cars, to collector car legal advice, to picking out your best first Ferrari or Porsche. It's a must read. The new publication will not be available in bookstores until November at the earliest. The first edition of Keith Martin's Guide to Car Collecting sold out completely. If you order from SCM, your book will be shipped by priority mail WITHIN 24 HOURS of the receipt of your order. Keith Martin's Guide to Car Collecting, Second Edition, signed by the author: $30, including priority shipping anywhere in the U.S. ($40 outside the U.S.). A limited number of signed and numbered copies, from an edition of 250, are available. Includes instant digital download of the complete book. $45, including shipping anywhere in the U.S. ($55 outside the U.S.). To order, or to learn more about Keith Martin's Guide to Car Collecting, Second Edition, visit sportscarmarket.com/kmoc2 or call Mary Artz at 877.219.2605 x 204

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Bonhams & Butterfields Tacoma, WA America's Car Museum Many LeMay cars sold for under $10,000, and hopefully the buyers are versed in automotive restoration, as they were “needs everything” projects Company Bonhams & Butterfields Date September 11–12, 2009 Location Tacoma, Washington Auctioneer Malcolm Barber Automotive lots sold / offered 146/175 Sales rate 83% Sales total $2,236,169 High sale 1956 Mercedes-Benz 300SL coupe, sold at $430,000 Buyer's premium Ford Model AA postal delivery truck, one of the nicer machines offered, but not sold at $25k Story and photos by Carl Bomstead Market opinions in italics H arold E. LeMay had an insatiable appetite for collector cars. Quantity trumped quality, and he accumulated somewhere around 2,500 vehicles, averaging about five new additions a week. On his passing, the family donated many of the cars and financial resources toward a to-be-built museum, LeMay America's Car Museum, which would display portions of his collection. The museum, with ground-breaking stated to be just around the corner, entered into a five-year contract with Bonhams & Butterfields to auction many of the extra vehicles while also accepting additional consignments. The sale realized over $2.2m, and more than half of that was returned to the museum. Most of the museum cars had been on display and unused for years, and the catalog had a caveat that they “would require careful recommissioning at the very least,” which in many cases was an understatement. The majority of the LeMay cars sold for under $10,000, and hopefully the new owners are well versed in automotive restoration, as they were your basic “needs everything” projects. It is not often you watch Bonhams auctioneer Malcolm Barber working the crowd for another $100 bid on a 1953 Tempo Hanseat (which sold for $5,850) or pleading for any activity at all on a 1962 Cushman Trailster ($351). The most unusual transaction was for a 1940 Packard 180 convertible that had been modified in Darrin Victoria style, with cut-down doors and a raked windshield. There was no mistaking it for an authentic product of Dutch Darrin's Hollywood shop, although it did create an unusual amount of interest. It sold for almost double the estimate, curiously enough to the LeMay family, which had donated it in the first place. For the most part, the consignments did not fare well. The crowd was looking for LeMay bargains, not high-end Packards. A couple exceptions were a 1959 Mercury Colony Park Wagon that was offered as a one-owner car. I guess the dealer who offered it did not count as an owner, but nonetheless it sold for a reasonable $41,000, considering its exceptional condition. The high sale of the event was a 1957 MercedesBenz 300SL Gullwing that sold post-block for $430,000. In the condition offered, it was a blue-chip investment and could easily sell in the future in the low $500k range. Not only the high-sale, but easily the best buy, too. The auction attracted a surprising amount of interest, with many local buyers look- ing for a piece of Harold LeMay's amazing stash and national dealers looking for interesting offerings for their inventory. The LeMay folks were all smiles and willing to bet next year's event will be bigger. ♦ 17% up to $100,000, 10% thereafter, included in sold prices 84 Sports Car Market

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Bonhams & Butterfields Tacoma, WA ENGLISH #19-1936 ROLLS-ROYCE 25/30 touring. S/N GLJ58. Two-tone gray/black fabric/gray leather. RHD. Odo: 53,781 km. Considered the junior R-R. One of only 1,201 produced from 1936–38. Newly created body, decent paint, lots of lights and stuff up front. Paint shows this price, so it could be resprayed and be the hit of the neighborhood. TOP 10 No. 3 signs of use, interior with acceptable wear, engine clean. Well deserved reputation for poor performance. Cond: 2-. SOLD AT $65,520. Rolls-Royce folks are not concerned with when a car is rebodied, so that was not an issue here. Estimates were off by a bunch at $18k–$20k, and the car sold at a far more realistic number. Just don't be at the head of the line going up a hill. #13-1954 AUSTIN FX-3 taxi. S/N FX3157965. Black/brown vinyl. RHD. Odo: 53,757 km. Used for years by prominent Seattle jewelry store to deliver holiday gifts. Brightwork dull, scratched, and dented. #28-1956 MERCEDES-BENZ 300SL Gullwing coupe. S/N 198040105500589. Eng. # 198980550605. Rubine Red/black leather. Odo: 82,631 miles. Second major restoration in the late 1990s, little use since. Very attractive paint interior and soft top, factory hard top. Comes with books and records. Cond: 3. SOLD AT $13,455. New paint and a couple weekends of hard work and you just might have something here. The question was under the hood, so if nothing turns out to be amiss, the buyer might just have found himself a bargain. AMERICAN in attention-grabbing shade of red. Engine clean but does not sparkle. Excellent interior, but lacks luggage. Cond: 2+. SOLD AT $430,000. Was a no-sale crossing the block, but a deal was put together the next day. At this price, I'd call it the buy of the auction. Considering the condition, I'd have to think there is close to $100k still to be had here. #164-1960 LLOYD ALEXANDER saloon. Running boards badly worn, paint just OK, interior worn. Well past its prime. Cond: 3-. SOLD AT $8,775. Another of many cars at the sale where restoration would be difficult to justify. Sprucing it up a bit and continuing to use it as a promotional vehicle makes the most sense. GERMAN #152-1953 TEMPO HANSEAT pickup. S/N 453268. Gray/gray fabric. Odo: 11,243 km. The Hanseat was produced from 1949 until 1956, although Tempo made numerous models since their founding in the '20s. Two-cycle chain-drive engine, and can get to 30 mph in about 30 seconds. At full throttle, sounds like a swarm of angry bees. Body covered with rust, dents, and poor attempts at touch-ups. An automotive oddity. Cond: 4+. SOLD AT $5,850. Just the ticket for hauling stuff around the estate, or an unusual grocery getter that will get all kinds of attention. Cheap enough at December 2009 ripped and torn, headliner stained. “He who is not afraid of death drives a Lloyd.” Cond: 4+. SOLD AT $3,803. It would be hard to justify spending any more money than was spent here on fixing this up, and it did not look safe to drive as it was. A Lloyd restoration project recently sold on eBay for $260.25, so the buyer may have overpaid. If nothing else, a weird conversation piece. 85 S/N 6374062. Light blue/white/tan vinyl. Odo: 27,870 km. Made between 1957 and 1961, when the firm failed. Two-cylinder engine was capable of 62 mph with a helping wind. In horrible overall condition, with extensive rust. Brightwork pitted and scratched, interior The Master series was distinguished from the Standard by scuff plates, Motometer, and heater. A solid car that would not be an overwhelming restoration project, and in far better condition than lot 102, the 1927 Buick Master Touring that sold for $1,200 less. A low-mileage, solid car, and not a bad deal for either party. #102-1927 BUICK MASTER SIX 7Passenger tourer. S/N 1795387. Light #104-1926 BUICK MASTER SIX 5Passenger sedan. S/N 1638374. Black/tan leather. Odo: 41,672 miles. Original upholstery worn in rear and covered with blanket in front, wind wing broken. Body straight and solid, engine clean. Older paint needs a respray. Wood wheels. Cond: 3-. SOLD AT $9,360. ITALIAN #7-1964 FIAT 1500 cabriolet. S/N 28911. Red/black canvas/tan vinyl. Odo: 91,484 miles. Two-owner car that participated in the 1992 Mille Miglia. Numerous paint issues, including some bubbling and several areas buffed through to primer. Brightwork pitted and nicked, new

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Bonhams & Butterfields Tacoma, WA blue/black fabric. Odo: 88,887 miles. Unique body style, with slightly over 2,000 produced. Original paint and interior have seen better days. Gauges broken, door handle missing, wires hang down under dash. Nice wood wheels, but tires are bald. Brightwork needs help. Cond: 4+. SOLD AT $8,190. Your basic needs-everything restoration project. Like many of the LeMay cars, the cost of restoration exceeds the car's value, so it'll most likely end up as a backyard project. #157-1927 WILLYS-KNIGHT MODEL 56 4-dr sedan. S/N 35621. Two-tone green/black leatherette/tan fabric. Odo: 34,654 miles. The only U.S. manufacturer to use a sleeve-valve design. First year for Model 56, which was Willys-Knight's first sub-$1,000 car. Unusual two-tone green paint chipped and stained. green vinyl. Odo: 1,039 miles. One of seven Model AA Ford truck chassis fitted with 200cubic-foot bodies for the Minneapolis Post Office. Restored in 2004 from the ground up with oak and hardwoods. Authentic period paint, swirls and chips in black sections. Engine dirty. Cond: 2. NOT SOLD AT $25,000. Reoffered as lot 118A the following day, but only bid to $21,000, that time also a no-sale. An interesting oddity, but what the heck would you do with it? #130-1937 LASALLE ambulance. S/N 2250229. Gray/blue fabric. Odo: 33,309 miles. Neglected, but body has survived without too many dings and bruises. Paint chipped and scratched, and has not seen a wax can in decades. Windshield delaminating, brightwork Headliner and side panels badly damaged, brightwork just OK. Grille painted rather than nickel-plated. Lots of work needed here. Cond: 4+. SOLD AT $9,945. The Model 56 was on a short 109-inch wheelbase and was the smallest of four W-K models for 1928. I hope the new owner isn't afraid of getting his hands dirty, as there is not a lot of room left here to pay for repairs. I'd think the value was closer to the $6,000 low estimate. Well sold. #158-1928 PACKARD SINGLE SIX Model 526 4-dr sedan. S/N U138301. Green, orange, & black/green fabric. Odo: 61,428 miles. Garish color combination looks to have been applied with a broom. Paint cracked and chipped, dents on hood. Grille and drum rusting, window rubbers shot. A serious project. Cond: 4. SOLD AT $5,148. Cheap enough, but what do you do with it? The cost of its restoration would empty most checkbooks. Guess you could do the basics and make it a Halloween car to amuse the neighborhood kids once a year. #163-1939 PACKARD TWELVE Model 1701 4-dr sedan. S/N 12362034. Dark blue/tan fabric. Odo: 80,637 miles. Packard Twelves were never offered on a 127-inch wheelbase, and the Model 1701 indicates an Eight chassis, so a conversion was made at some point. Abused and neglected, with trim badly worn and damaged, seats saggy, and headliner stained. Engine filthy, paint dull and stained. headlights in decent condition. Missing rear window handles, interesting Radio Motometer. Interior worn and showing some poor installation. A project. Cond: 4. SOLD AT $12,870. Not a lot of money for a Packard, but this one needed a ton of work. Will be a labor of love, as there's no way this will pencil out. Good luck. #1-1931 FORD MODEL AA Postal Delivery truck. S/N 17349. Black & green/ 86 Sports Car Market Lots of questions here. Cond: 4+. SOLD AT $32,760. The best thing to do here is install a correct engine and rebuild the Twelve for another project. I have no idea what someone was thinking when building this, but originality certainly wasn't on his mind. Just makes no sense. Well sold. #126-1939 PACKARD 110 flatbed conversion. S/N B27493. Yellow/black vinyl/ black vinyl. Odo: 1,791 miles. Converted to a flatbed truck. Yellow overspray everywhere, hood trim missing, engine filthy. Top poorly fitted, runningboard rubber shot, trim pitted and rusting. Does have a radio. Difficult to say anything nice. Cond: 4. SOLD AT $1,287. Are there $1,300 worth of parts here? I hope so, as I can't see another use for this thing. Well sold. #170-1940 PACKARD EIGHT Darrin Replica convertible victoria. S/N C502462B. Dark blue/dark blue canvas/light blue. Odo: 9,445 miles. Rebodied as a fakey-doo Darrin. Cut down doors, raked windshield, low hood and grille. Newer wires added. Passenger's door handle falls off, numerous paint issues, engine dirty. Packard 120 dash with wires hanging down, scratch on door. Acceptable chrome. Cond: 3. SOLD AT $113,490. Price paid seems like a ton for a Packard that is neither fish nor fowl. Considering that it's made up and the condition in which it was across the auction block, I'd consider this well sold. #105-1942 HUDSON SERIES 20 Deluxe Six 4-dr sedan. S/N 2124351. Brown/tan fabric. Odo: 45,977 miles. Unattractive brown

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Bonhams & Butterfields Tacoma, WA paint needs help. Driver's door sags, deep scratch on trunk, tan fabric interior in rough shape. Equipped with optional Drive-Master transmission. Cond: 3-. SOLD AT $9,945. The entry-level car for Hudson in 1942. Production stopped in February, with only 40,661 built. I'm sure it would get all kinds of attention at the next Hudson club gathering. Getting in too deep will put the new owner upside down very quickly, so hopefully he'll just address the basics and use it. #182-1946 CHEVROLET STYLEMASTER sedan delivery. S/N 6DJL12573. Two-tone green/brown vinyl. Odo: 9,197 miles. Body in decent condition with no visible signs of rust or body damage. Trim badly pitted, wing window handle missing, BB hole in window, awful shag ripped, wind wing broken. Fitted with radio and fender skirts. Body appears solid. Cond: 3-. SOLD AT $12,870. An in-depth restoration project waiting to be started. Finished to a decent standard, it might be worth $30,000, so it just boils down to being another math problem. A good candidate for a Street Rod project. carpet. Attractive two-tone paint not original, engine bay not touched in years. Cond: 3. SOLD AT $11,700. Do something with the brightwork and interior, then paint it with your company logo. It would be an interesting delivery vehicle, #3-1950 CHRYSLER NEWPORT Town & Country coupe. S/N C497767. Green & wood/ white/green vinyl. Odo: 70,855 miles. Body straight and solid, wood decent, brightwork badly pitted. Prestomatic transmission with or just park it out front as a sign. Could be a real attention-getter. A fair deal. #101-1948 CHEVROLET FLEETMASTER convertible. S/N FAA27687. Maroon/black vinyl/maroon vinyl. Odo: 7,455 miles. Older respray dull with numerous touch-ups and blemishes. Trim pitted and rusty, hood dented, top does not fit properly. Incorrect vinyl seats Fluid Drive. Interior just OK, but presentable for now. Engine fairly clean but needs detailing. One of only 698 made, and the last of the Chrysler woodies. Cond: 3-. SOLD AT $29,250. How far do you go on this before you're sideways with the market? Brightwork was the glaring issue, and that won't be cheap. Think, drive, and enjoy for a few years, and then decide. #15-1951 CHEVROLET STYLELINE Deluxe coupe. S/N JAA722797. Red/tan vinyl “The best Corvette magazine out there!” —Terry Michaelis, President, Pro Team Corvette us Subscribe Today! One Year Corvette Market (4 issues), plus bi-weekly Corvette Insider's email newsletter, $29.95. Subscribe online at www.corvettemarket.com or call 877.219.2605 x 204 December 2009 87

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Alfa Bits Recent Il Biscione sales on eBay by Geoff Archer (All English within quotes exactly as presented by sellers on eBay.) #270461553159-1960 ALFA ROMEO 2000 Vignale coupe. S/N AR1020200041. Gray primer/burgundy leather. 8 Photos. Orange County, CA. “Alfa supplied approximately forty 102.02 series chassis to coachbuilders for prototypes and design studies. Several went to Carrozeria Vignale and this is one of those cars. It is reputed to have been shown at the 1960 Torino auto show, either on the Alfa or Vignale stand. Seats restored and reupholstered in the correct burgundy leather. & fabric. Odo: 10,603 miles. Mild custom that's been lowered, spinner hubcaps added. Orange pinstriping clashes with red respray. Numerous nicks and scratches, brightwork needs help, no back seat installed. Lots of work ahead here. Cond: 3. SOLD AT $14,040. Not a lot of money, but not a lot of car either. Regardless of what the new owner does to this, I doubt it will ever be worth more than what was paid here. A good Street Rod prospect. #41-1951 HUDSON HORNET coupe. S/N 7A50353Z. Dark blue/blue & white vinyl. Odo: 63,549 miles. Recent restoration to average standards. Nicks and blemishes in paint, presentable brightwork. Twin H-power added, as it was not available until the following year. here and there. Brightwork all there, but most is pitted and scratched. Minor rip on top, engine filthy. Cond: 3-. SOLD AT $29,835. A restoration project that just does not pencil out. Spend much more than $20,000, and you'll be upside down in a hurry. I hope the new owner can do some of the heavy lifting himself. The transmission and engine are out of the car, which is why it looks like a Paris-Dakar entry sitting probably six inches above normal ride height. The engine condition was unknown when I purchased it, so it was disassembled, cleaned, and inventoried. So, here is your chance to take up an ambitious restoration of an exceedingly rare and historically significant car that warrants the effort.” 23 bids, sf 542, bf 0. Cond: 4-. SOLD AT $8,051. Fair price for a huge project whose rewards will come in non-financial terms. #130295939618-1966 ALFA ROMEO GIULIA Sprint Speciale coupe. S/N AR381357. Gray & silver/black vinyl. Odo: 46,159 miles. 20 Photos. La Habra, CA. “ONE OF ONLY 876 REPORTED LEFT IN THE WORLD, CORRECT MOTOR, JUST OUT OF 20 YEARS IN DRY STORAGE, NEVER SEEING RAIN OR SUNLIGHT, PERFECT RUST FREE, BLACK PLATE CALIFORNIA CAR WITH A REPORTED 46,000 ORIGINAL MILES, Sun visor. Lower trim dented, rear window seals poorly applied. Engine well detailed. Cond: 3. NOT SOLD AT $23,000. Estimates were optimistic at $35k–$45k, but the final bid was more in line with the actual current market value of this Hudson. The mundane restoration did not justify much more than was bid, and if the seller wants more money, he'll need to bring his car up a grade or so. #44-1951 KAISER DELUXE 2-dr sedan. ORIGINAL CARPET, HEADLINER, AND SEATS, PERFECT GLASS. NOT RUNNING, MOTOR REPORTED REBUILT, CAMS ARE LOOSE, AS ARE SOME OTHER PARTS, DRIVE SHAFT IT OFF, BUT WITH CAR, ONLY ONE WEBER. NEEDS TO BE RESTORED.” 32 bids, sf 360, bf 8. Cond: 3-. SOLD AT $32,299. Strong money for a dysfunctional car that needs everything, and isn't worth a whole lot more than $50k-plus when done. That California survivor mystique seems to have ruled the day here. Well sold by $5k–$10k. #230382076887-1977 ALFA ROMEO SPIDER EV Conversion convertible. Gray primer/black vinyl/black vinyl. Odo: 89,000 miles. 12 Photos & 1 video. Cudahy, WI. “I had this vehicle converted by K-Man Scooters & Electric Cars in Milwaukee, Wisconsin—READY TO DRIVE!” 84-volt, “400 Amp Alltrax Controller (Programmable, so you can modify how the vehicle runs!) 5 Speed transmission, and been S/N K512053514. Eng. # 1213785. Light blue/gray fabric. Odo: 63,382 miles. Design credited to “Dutch” Darrin. Options include sun visor, bumper guards, radio, and Tenite steering wheel. Hydra-Matic four-speed automatic transmission. Window delaminating, #144-1952 CADILLAC SERIES 62 convertible. S/N 526237407. Yellow/black vinyl/green & tan vinyl. Odo: 84,076 miles. Cadillac's 50th anniversary year. Quickie respray in bilious shade of green. Black vinyl top stained, patch covering hole in rear seat, left front hubcap missing. No real issues with bodywork, brightwork needs expensive help. Engine dirty and neglected. Cond: 3-. SOLD AT $16,965. These can push the $80,000 mark when properly restored, so the question here was how far to go. The bill from the chrome shop will bring you to your knees, so I'd give it a respray in a more attractive color and call it good. #110-1954 CHEVROLET BEL AIR convertible. S/N C54F147836. Black/white fabric/black & white vinyl. Odo: 35,646 miles. Appears to be an original car that has been kicked to the curb. Paint neglected with scratches, nicks, and heavy rub marks in places. Trim scratched and pitted, bumpers rusting. acceptable paint and brightwork, interior not worn or damaged. Cond: 2-. SOLD AT $14,040. This would be welcomed in the orphan class at the local Saturday night Show n' Shine. Unique styling for its day, and the price paid is in line with the current market, so I'd call this a fair transaction all around. converted to Clutchless, so no clutch needed. I have tested this car to go 30 miles per charge. I have not had a reason to go farther, although you most likely could.” 1 bid, sf 440, bf n/a. Cond: 4+. SOLD AT $7,000. Video shows the driver's point of view while whining and bouncing around an old industrial neighborhood. A $200 paint job and a nicer setting for the video would have greatly enhanced this car's presentation. Fair price, and definitely not a money maker for either party. ♦ 88 #189-1952 PONTIAC CHIEFTAIN Deluxe Eight convertible. S/N C8WH4846. Black/black vinyl/maroon vinyl. Odo: 68,335 miles. A solid example that needs TLC and a few decent sized checks. Body straight and appears to be solid, paint chipped and scratched Interior looks original and needs help, but is not torn. Engine a mess. Lacking luster overall. Cond: 4. SOLD AT $13,455. A simple math problem here: A nice '54 Bel Air convertible is worth about $45,000. Can you do paint, chrome, interior, engine and who knows what Sports Car Market

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Bonhams & Butterfields Tacoma, WA else for $30,000? Not unless you can do a bunch of the work in your backyard shop. Good luck! Well sold. #117-1954 FORD CRESTLINE Skyliner 2-dr hard top. S/N U4RF115112. Black/white/ black & white vinyl. Odo: 96,689 miles. First production car with clear green tinted Plexiglas roof. Over 13,000 were produced, so they're not considered rare. Paint neglected with numerous chips, dings, and scratches. Missing rear aerial. SOLD AT $40,950. A well maintained Mercury Colony Park that was documented, and one of the better buys of the sale. Could have easily brought a touch more, as wagons have become hot property. Rust in gutters, chrome in sad shape. Cond: 4. SOLD AT $12,578. Another math project. Can the paint, chrome, interior and engine be done for under $30,000? If so, then the buyer will be OK; if not, then it's just a labor of love. The problem with taking on the project is the unknown status of what's under the hood. That said, the buyer rolled the dice here. #183-1956 LINCOLN CONTINENTAL Mark II coupe. S/N C5601580. Burgundy/ brown & white leather. Odo: 37,568 miles. 368-ci V8, 4-bbl, auto. The height of luxury in the era. $10,000 new, but still a loss-leader. Only option was a/c. Very original, but has seen better days. Paint has lost its luster, with blemishes on roof as well as much chipping nicked and pitted. Engine clean with no noticeable issues. First year for the new Bullet Bird body style. Cond: 2-. SOLD AT $39,780. Price paid was just about spot-on considering the lack of a/c, and the Sport Roadster option was not available until the following model year. Well bought and sold. #177-1961 CHRYSLER CROWN IMPERIAL 2-dr hard top. S/N 9214106632. Mardi Gras Red/white vinyl. Odo: 72,177 miles. 413-ci V8, 4-bbl, auto. Last year for Virgil Exner's fins. Paint chipped with sloppy touch-ups as well as numerous stains and blemishes. Chrome pitted, trim rusting and dented. Radio knobs missing, power window switch and right mirror missing. Looks decent and scratching elsewhere. Bondo showing in several areas. Numerous parts in back seat. Leather interior badly worn. Cond: 3-. SOLD AT $10,823. Where do you start? Another “needs everything” restoration that will quickly put you upside down, and like a lot of the other cars available here, there was some question as to what issues were lurking under the hood. These have been appreciating of late, but it will still take a brave man to tackle it. #57-1959 MERCURY COLONY PARK wagon. S/N M9WD509281. Cream & woodgrain panel/red vinyl & tweed fabric. Odo: 75,759 miles. 383-ci V8, 4-bbl, auto. One-owner wagon in very original condition. Original invoice, books, and records. Fitted with a/c and power steering, but no power windows. Acceptable paint and body fit, seams straight and uniform. Attractive interior shows little wear. A fifty-year-old original. Cond: 2-. December 2009 #54-1961 FORD THUNDERBIRD convertible. S/N 1Y73Z152477. Red/white vinyl/red vinyl. Odo: 98,883 miles. 390-ci V8, 4 bbl, auto. Older restoration has been well maintained, with attractive paint showing a few minor issues. Chrome tape on rear bumper covers weird hole, top fit off a bit, door sills hot ticket, but this was not far behind. Equipped with Z-code 300-hp 390 engine. Numerous paint issues, trim worn in places but not horrible. Rear seat torn, engine not touched in years. Cond: 3. SOLD AT $11,700. Depending on what was going on under the hood, this could have been a decent buy. A little elbow grease will go a long way, and if no gremlins are lurking, this could be a fun weekend cruiser for not a lot of money. #127A-1966 PONTIAC GTO convertible. S/N 242675K130945. Candlelight Cream/ white vinyl/fawn vinyl. Odo: 79,072 miles. 389-ci V8, 3x2-bbl, auto. Born as 4-bbl car with drum brakes. Bare metal restoration in 2004, well maintained since. Brightwork with good luster, attractive paint with no real issues. Very good interior aside from spring trying to poke through driver's bolster. Documented by Pontiac Historical Services. Cond: 2+. SOLD AT $51,480. First offered as Lot 48, where it was a no-sale at $42,000. A real Tri-Power set up can add as much as $20k to the value of a GTO. This car's original parts were included, so another $10k or so would not have been out of line. Well bought. #139-1970 OLDSMOBILE CUTLASS Rally 350 2-dr hard top. S/N 336870M246985. Sebring Yellow & black/black vinyl. Odo: 43,746 miles. 350-ci V8, 4-bbl, auto. Attractive 20 footer, but don't get too close. One of 3,547 with one-year-only W45 Rally 350 option. from a distance, but don't get too close. Cond: 4. SOLD AT $6,435. The check to buy this big boat could easily have been the lightest one the new owner will write. It needs help, and I don't know where to start. Do the basic paint, chrome, and interior work, and hope the engine holds up. Good luck. #59-1964 FORD GALAXIE 500 convertible. S/N 4J65Z108351. Maroon/white vinyl/black vinyl. Odo: 37,466 miles. 390-ci V8, 4-bbl, auto. The Galaxie 500XL was the Prior body damage in left rear, driver's seat sags, master cylinder leaking badly. Decent paint, but little else to brag about. Lots of expenses ahead. Cond: 3+. SOLD AT $21,645. For the price paid here you could have bought a decent 442 and been well ahead of the game. I'm guessing this one's flashy paint got the bidders excited. ♦ 89

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Mecum Auctions St. Charles, IL Bloomington Gold Most of the cars offered here were low-mile examples, which is indicative of the types of cars that are selling in today's market, with folks buying the best Company Mecum Auctions Date June 26–27, 2009 Location St. Charles, Illinois Auctioneer Mark Delzell, Mike Hagerman, Jim Landis, Bobby McLaughlin Automotive lots sold / offered 117/274 Sales rate 43% Sales total $5,858,752 High sale 1968 Chevrolet Corvette L88 coupe, sold at $318,000 Buyer's premium Corvettes continue to be a barometer of the American collector car market Report and photos by B. Mitchell Carlson, Dan Grunwald, and Mark Rudnick Market opinions in italics M ecum Auctions still managed to hold the largest all-Corvette auction in the world at Bloomington Gold on June 26–27, in St Charles, Illinois. But this year's event at Pheasant Run Resort saw sales drop 33% from last year's $8.7m to $5.8m. It almost seemed like a repeat of Mecum's Spring Classic in Indianapolis in May, where the big guns were brought out with much fanfare, but mostly went home in the same trailers. The venue could hardly be blamed for the result, as the big change this year was to put the auction in the MegaCenter on the resort grounds. This was adjacent to the event's usual tent location, and the car staging wasn't all that different from previous years. But the major benefit for those at the auction was that the sale took place in an air conditioned building, rather than the typically sultry tent. Previously, the MegaCenter had vendors in it, but this year, half of them were moved to an air conditioned tent in the vendor's area, with Corvette Market magazine still holding down the fort outside at two locations: in the swapmeet and in the judging field. Holding the auction inside was a welcome addition, and it allowed 90 St. Charles, IL $300 up to $5,499, $500 up to $9,999, 6% thereafter, included in sold prices more comfortable conditions for the shooting of Mecum's live television broadcast of the event on HD Theater. The C1 through C3 models were hit and miss on the selling front—with more misses than hits. That said, solid prices were still achieved for many, including a 1957 283 fuelie convertible that brought $90,100, a 283/290 fuelie convertible—the first production 1960 Corvette—which brought $275,000, and an L88 coupe that was the high sale of the event at $318,000. Low-mile C4s sold fairly well, and most of the cars offered here were lowmile examples, which is indicative of the types of cars that are selling in today's market, with folks buying the best quality examples they can afford. Additionally, if you wanted a red 1990 ZR-1, this was the place to be. Not only were there plenty to choose from, but they were selling for just a touch more than a nice base-model 1990—if not less. Also on the C4 front, limited-edition packages—especially pace cars—did rather well if they were low miles. One that really got knocked out of the park was a 16-mile 1995 edition, bringing home the bacon at $38,160 on Friday, backed up by an 8,864-mile twin fetching $26,500 on Saturday. By the numbers, this year's $5.8m from 117 of 274 didn't compare favorably with last year's $8.7m from 131 of 292, but at nearly $6m sold, the sky is hardly falling in the Corvette market. ♦ $2m $4m $6m $8m $10m $12m Sales Totals 2009 2008 2007 2006 2005 Sports Car Market

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NEW! “Fair”, “Good” and “Excellent” prices for all models, 1900–88. FREE! NOW ONLINE! The world's largest collector car price guide based on over 500,000 sold transactions from . Updated weekly. www.collectorcarpricetracker.com For the collector who needs to know what things are selling for, right now. Take your free test drive today.

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Mecum Auctions St. Charles, IL #S74-1954 CHEVROLET CORVETTE convertible. S/N E54S002408. Red/red vinyl. Odo: 4,837 miles. 235-ci 150-hp straight 6, 3x1-bbl, auto. Nice paint with one crack above left headlight. Very good trim fit, chrome unmarked and shows well. Detailed engine Across the block, it was not sold at $290,000, but a deal was put together post-block at this number. There will only be one first, but this seemed a bit over the top for what was basically a run-of-the-mill 1960 fuelie. #S70-1960 CHEVROLET CORVETTE convertible. S/N 00867S107896. Cascade Green & white/white vinyl/blue vinyl. Odo: 21,142 miles. 283-ci 230-hp V8, 4-bbl, 4-sp. Good paint with no major issues. New chrome, interior, and top. Filled right side mirror holes, good trim fit. Gas door fit rough even for a C1. also special to this car. Cond: 1-. NOT SOLD AT $985,000. This car was built in an era when the factory could compete with Winfield, Roth, and Barris in the custom car field. Although the factory's stuff was not as radical, GM's cars were built for daily transport use rather than just for show. With the heavy hand of government involved, cars like this will never happen again. This was a lot of money bid, but as they say, go find another. #S108.1-1964 CHEVROLET CORVETTE with correct carb tags. Cond: 1-. SOLD AT $75,260. Corvettes from 1953 and 1954 don't provide the greatest driving experience due to their lack of power (compared to the V8s that came later) and an automatic transmission, but this was a car I would have loved to put in my own garage. Beautifully done throughout, and both well bought and sold. #S62-1957 CHEVROLET CORVETTE convertible. S/N E57S106303. Black & silver/ black vinyl/red vinyl. Odo: 1,743 miles. 283-ci 270-hp V8, 2x4-bbl, 4-sp. New chrome, good paint with a few flaws and some orange peel. Driver's door handle button very loose, antenna “Ozzie Olson” GM Styling coupe. S/N 40837S104833. Blue/white leather. Odo: 51,031 miles. 327-ci 300-hp V8, 4-bbl, auto. Factory a/c. New bright blue metallic repaint in the original color done well. Grille original, chrome shows well for age. Fitted with six taillights, chrome wire knockoff wheels, and reproduced Cond: 2. SOLD AT $95,400. A nice car with a base engine that just didn't pop for me. Very few flaws, but not much excitement, either. The bidders liked it, and someone paid an overmarket price to own it. Well sold. #S63-1963 CHEVROLET CORVETTE coupe. S/N 39837S101194. Red/black vinyl. Odo: 1 mile. 327-ci 360-hp fuel-injected V8, auto. Fresh restoration to very high standards. Driver's door gap a bit wide at top, visible door trim dent on passenger's door. Top Flight GM styling sidepipes. Blue color coming off tires, original leather seats show age, paint is starting to come off radio speaker. Cond: 2. SOLD AT $106,000. From the McDorman Collection. The Ozzie Olson styling car built by GM. Started here as lot F56, and later sold as lot S108.1. GM styling cars are hard to come by, and although this one needed a bit of work to be perfect, the price paid was reasonable considering this car's rarity and documentation. pitted, gas door doesn't open. New interior with thick dash paint. Right door panel trim hangs loose, right roll-up window doesn't fit at top. Cond: 2-. SOLD AT $84,800. A good looker with some minor flaws, but most of the issues noted would be easy to fix over the course of a weekend. Well bought and sold. TOP 10 No. 7 #S60-1960 CHEVROLET CORVETTE convertible. S/N 00867S100001. White/white vinyl & hard top/red vinyl. Odo: 13 miles. 283-ci 290hp fuel-injected V8, 4-sp. Very good paint and chrome with one single chip by gas door. Good panel and trim fit, no hubcap dents. Interior completely redone with reproduction materials #S71-1965 CHEVROLET CORVETTE award in 2009. Cond: 1-. SOLD AT $153,700. Perhaps over-restored, because it was just too good throughout to be factory original. However, it's a Split-Window fuelie, and the $153k sale price further supports the quality of the work done. #S100-1963 CHEVROLET CORVETTE “Harley Earl” convertible. Blue/blue & white leather. 327-ci 300-hp V8, 4-bbl, 4-sp. Some discoloration to side exhaust pipes. A custom-built car given to Harley Earl by GM. Fitted with numerous components that were never available in 1963 as well as lots of parts that were never available to the public. Normal glove box door fitted with accelerometer, inside and outside air temp gauges, and an oil temp gauge. Custom two-tone interior and sidepipes and showing no wear. Cond: 2+. SOLD AT $275,000. Last seen at Mecum's Indy sale in May '09, where it failed to sell at $290k (CM# 120506). High quality and expensive restoration to the first 1960 Corvette off the line. It's not likely it looked this good when GM built it. 92 coupe. S/N 194375S111919. White/white & blue vinyl. Odo: 85,112 miles. 327-ci 300-hp V8, 4-bbl, 4-sp. Good paint with light buffthrough on door edges and variable panel fit. Fitted with tinted glass, a/c, sidepipes, knockoffs, and Goldline tires. Some side glass scratching and side window trim dents. Detailed engine compartment, thick crackled paint on steering box. Chrome shows some subsurface flaws. Cond: 2. SOLD AT $53,000. Last seen at Mecum's Kissimmee sale in January '08, where it sold at $58,275 (CM# 49078). Tinted glass looks great on Ermine White car, and this one was a great high-end driver with good options and an easy-to-live-with 300-hp engine. Well bought and sold. #S93-1965 CHEVROLET CORVETTE convertible. S/N 194675S122825. Milano Maroon/black canvas & maroon hard top/white vinyl. Odo: 21,450 miles. 327-ci 300-hp V8, Sports Car Market

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4-bbl, auto. Some paint chips and bubbles, scratches on rear bumper. Pitting on inside of vent window trim, chips to console paint, wear on right door panel. Some wires hang low under dash. Clean engine. Fitted with telescopic wheel, two tops, and alloy wheels with Goldline tires. Said to have original miles, one repaint, and two owners. Good documentation. Cond: 2. SOLD AT $47,170. Original cars continue to be strong, and this one was a decent buy considering the options, mileage, and condition, and despite the base engine and automatic transmission. #S105-1967 CHEVROLET CORVETTE “Ed Cole” coupe. S/N 194377S118305. Goodwood Green/saddle vinyl. Odo: 46,661 miles. 427-ci 435-hp V8, 3x2-bbl, 4-sp. Claimed factory L89 engine with aluminum heads and 3.55:1 Positraction. Good newer paint and chrome, “like new” interior with some repair to driver's headrest. 1996 Bloomington Gold certification. Includes copy of original order and invoice. Cond: 2. NOT SOLD AT $550,000. A very authentic factory COPO car ordered by Ed Cole for his neighbor. It was one of the stars of this sale and was expected to bring over the $550k final bid, but that's a hefty price to pay in this market, even considering its rarity and provenance. #F60-1968 CHEVROLET CORVETTE coupe. S/N 194378S414314. Silverstone Silver/blue vinyl. Odo: 43,426 miles. 327-ci 300-hp V8, 4-bbl, auto. Once owned by Apollo 13 Astronaut Jim Lovell. Exterior paint, chrome, and glass all in good condition, body panel fit is factory typical. Interior original and moderately aged and worn, engine compartment unrestored. Presents as an unmolested but aged driver. From the Bob McDorman Vintage Advertising Prints 13" x 19"; Just $15.95Available online at www.sportscarmarket.com December 2009 93

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Mecum Auctions St. Charles, IL Collection. Cond: 3-. SOLD AT $20,670. Last seen at Mecum's Indy sale in May '09, where it failed to sell at $23,000 (CM# 120505). This 1968 base engine coupe's value lies in its celebrity ownership, as a base engine automatic coupe with a/c was hardly the hot Corvette in 1968—arguably the height of the muscle car era. Given its current condition and configuration, this was a fair price. TOP 10 No. 6 #S119-1968 CHEVROLET CORVETTE L88 coupe. S/N 194378S413628. International Blue/ dark blue vinyl. Odo: 23,820 miles. 427-ci 430hp V8, 4-bbl, 4-sp. One of 80 produced with the L88 engine option. Very original and mostly unrestored. Exterior paint in good condition with a few minor blemishes, chrome and glass #S95-1970 CHEVROLET CORVETTE LT-1 coupe. S/N 194370S411924. Daytona Yellow/black vinyl. Odo: 45,135 miles. 350-ci 370-hp V8, 4-bbl, 4-sp. Original and unrestored. Paint fairly good but does show aging and some checking. Chrome and glass nice. Original interior with mild aging but no excessive wear. Engine area factory original with some age-related issues. Cond: 3-. SOLD AT $34,450. An unrestored 1970 LT-1 with documentation is a very desirable item in the Corvette market. This car was in very good condition, and it came with its Protect-O-Plate and complete owner history, so I'd call it very well bought at the price paid. #S68-1971 CHEVROLET CORVETTE very nice. Interior nice but shows aging—particularly at door panels and weatherstripping. Engine area presents as factory original and is in very good condition, with some aging evident. Cond: 3+. SOLD AT $318,000. This highly original, largely unrestored 1968 L88 coupe came with a Protect-O-Plate and owner history back to day one. A documented original L88 in this condition would probably have brought more a year ago, but this is the current market level. #S82-1969 CORVETTE CHEVROLET coupe. S/N 194379S726931. Daytona Yellow/ black vinyl. Odo: 3,039 miles. 427-ci 400-hp V8, 3x2-bbl, 4-sp. Exterior lacquer paint, chrome, and glass all in excellent condition. Interior as-new, engine area factory original and appears fresh. Comes with excellent documentation as well as multiple NCRS Top Flight awards, Bloomington Gold Certification, and ZR2 convertible. S/N 194671S117850. Ontario Orange/black vinyl & hard top/black vinyl. Odo: 21,028 miles. 454-ci 425-hp V8, 4bbl, 4-sp. One of two built in 1971. Comes with excellent provenance and has been exhibited in the 1999 Bloomington Gold Special Collection, 2000 National Corvette Museum's Concours d'Performance, and in 2003 was inducted into Collection. Cond: 1-. SOLD AT $29,680. This car came with the original window sticker still affixed to the passenger's side window, as delivered to the dealership. With 27 miles and complete documentation, this L82 Indy Pace Car was a find for a Corvette collector with a significant collection or an automobile museum. This winning bid is as much as any 1978 Pace Car seems to draw, so I'd call this a good deal for both the buyer and seller. #F34-1982 CHEVROLET CORVETTE Collector Edition coupe. S/N 1G1AY8783C5105219. Silver Beige/Silver Beige leather. Odo: 23,743 miles. 350-ci 200hp fuel-injected V8, auto. Original paint and original date-coded glass in excellent condition. Factory-installed interior still looks to be in good condition, showing slight wear. Engine the Bloomington Gold Hall of Fame. Exterior, interior, and engine area all in excellent condition. Cond: 2+. NOT SOLD AT $500,000. The ultimate in Corvette performance, rarity, and acclaim. Last year, the car was bought at Mecum's Bloomington Gold Auction for $550,000 (CM# 117104). While this bid was just a bit shy of that number, the current owner needed more money to give up ownership. A one-of-a-kind Corvette that will always be of interest to major Corvette and automobile collectors. a Chevy Vettefest Triple Crown Award. Fitted with power steering, power brakes, and a/c. Cond: 2+. SOLD AT $74,200. First seen last August at the Corvettes at Carlisle auction, where it failed to sell at $94,000 (CM# 118010). This Corvette ticked all the boxes for someone looking for a great big-block with both documentation and the right awards, and at this price, it again showed that we're in a buyer's market. Very well bought. 94 #F55-1978 CHEVROLET CORVETTE Indy Pace Car Edition coupe. S/N 1Z8748S900267. Silver & black/silver leather. Odo: 27 miles. 350-ci 220-hp V8, 4-bbl, auto. A well-preserved, unrestored original Indy Pace Car Edition coupe. Exterior, interior, and engine compartment are as delivered from the factory. Engine area shows slight aging and corrosion on hardware, but otherwise is spotless throughout. From the Bob McDorman area is factory original and showing mild aging. Well maintained. Cond: 3+. SOLD AT $18,020. In 1982, Collector Edition Corvettes made up approximately 26% of the production, so they can hardly be considered rare or particularly collectible. This was an original unrestored example with moderate mileage, and it sold at an appropriate price. A decent deal for both buyer and seller. #F18-1990 CHEVROLET CORVETTE ZR- 1 coupe. S/N 1G1YZ23J5L5800446. Red/red leather. Odo: 34,730 miles. 350-ci 375-hp fuel-injected V8, 6-sp. Factory options include both roof panels, dual power seats, selective ride control, electronic climate control, and AM/FM/CD stereo. Fitted with aftermarket stainless exhaust system and modern Goodyear tires. Stock alloy wheels with corrosion and curb rash. Two light scratches on upper portion of front valance, otherwise original paint is rather well preserved. Clean but undetailed bone stock engine bay. Steering wheel rim, driver's seat, and carpeting with light wear. Cond: 2. SOLD Sports Car Market

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Mecum Auctions St. Charles, IL AT $17,225. Amid some spirited bidding, the reserve was lifted at $16k. This was a bit of a step down from the $24,995 on the For Sale sign left in the car by the consignor. The first of several early ZR-1s that sold for less than market value. Well bought, as standard issue late C4s pulled similar money with fewer miles on the clock. #F79.1-1990 CHEVROLET CORVETTE ZR-1 coupe. S/N 1G1YZ23J2L5802560. Red/tinted panel/black leather. Odo: 38,253 miles. 350-ci 375-hp fuel-injected V8, 6-sp. Factory options include selective ride control, dual power seats, and tinted roof panel. Fitted that he'll have his detail crew carefully remove the dealer badge from the unobtanium-grade rear fascia. #S3-1993 CHEVROLET CORVETTE convertible. S/N 1G1YY33P1P5108669. Ruby Red/black cloth/red leather. Odo: 66,826 miles. 350-ci 300-hp fuel-injected V8, auto. Factory optional dual power sport seats and AM/FM/ cassette/CD stereo. Aftermarket chambered dual exhaust system. Theft recovery code etched into windshield above VIN tag. Good quality body prep, masking, and repaint, heavier wear of door and door glass seals. Patched leading #F40-2003 CHEVROLET CORVETTE Brickyard 400 Pace Car convertible. S/N 1G1YY32G735121714. Millennium Yellow/ black cloth/black leather. Odo: 878 miles. 5.7-L 350-hp fuel-injected V8, auto. Festival car number one, assigned and licensed to a descendant of late Indy Motor Speedway owner Tony Hulman. Still retains event access passes stuck to windshield. Fitted with aftermarket battery quick disconnect on negative lead; otherwise is exactly as used at the Speedway with '91–'93 era stock alloy wheels shod with newer tires. Well-cared-for original paint with minimal chipping, door glass seals cracking quite significantly. Seat upholstery is about as wrinkled as a senior center pool party. Moderate soiling and minimal wear on all carpeting. Aftermarket engine brag tag stuck to cup holder cover on console. Cond: 3. SOLD AT $19,080. I last saw this car at Mecum's Kansas City sale this spring, at that time sold for $20,670 (CM# 119845). It was the most heavily worn of the ZR-1s offered out here, so the selling price seemed to be market correct, if actually mildly high, since better cars sold for only a couple of bids more. #F57-1991 CHEVROLET CORVETTE Callaway Twin Turbo speedster. S/N 1G1YY3383M5117068. Silver/light blue leather. Odo: 2,471 miles. 350-ci 403-hp turbocharged V8, 6-sp. Number 8 of 9 “production” Series I speedsters. Autographed by Reeves Callaway on console cup-holder cover. Like-new paint and interior. Edges of rear quarter wrap-around glass starting to delaminate. Surgically clean engine bay, post-op clean undercarriage. The only flaw is that the consigning dealer—Bob McDorman edge seat bottom on driver's side, moderate seat bolster and carpeting wear. Vinyl headrests are newer, have less wear, and are slightly darker than the original leather. Claimed to be one of 500 40th Anniversary convertibles. Cond: 3-. SOLD AT $11,130. All 6,749 40th Anniversary edition cars were painted Ruby Red—no exceptions. However, several aftermarket vendors sell headrest upholstery embroidered with the 40th anniversary logo in your choice of color. A no-sale on Friday afternoon as lot F26 with a $9k bid, proving that once in a while a rerun can get lucky. #F117-1994 CHEVROLET CORVETTE Custom limousine. S/N 1G1YY22P1R5106502. Arctic White/red leather. Odo: 21,206 miles. 350-ci 300-hp fuelinjected V8, auto. Extended the length of two additional doors (with only one added door per side), fixed glass moonroof has a glass panel big enough to have come off the Sears Tower. Repaint holding up well, no body cracking. Side window trim and seals a bit tattered, window tint starting to delaminate. Six sport seats, wet bar, dual a/c, and dual TVs. Light to moderate and in like-new condition. Cond: 1-. SOLD AT $33,920. Festival cars from both the Indy 500 and the Brickyard 400 pop up once in awhile (we've seen several at Mecum's Indy auction over the last two years). Not that being car #1 really makes it worth that much more, as it was bid to what any other one would be expected to do. Last seen on this very turf last fall, then a no-sale at $29k (CM# 117097). It nearly did the same thing here, as it was bid to $28,500 on the block against a desired $35k, but became a post-block sale by the end of the day. #F119-2006 CHEVROLET CORVETTE Z06 Pre-Production coupe. S/N 1G1YY22Y3650016EX. LeMans Blue/black leather. Odo: 18,450 miles. 7.0-L 505-hp fuel-injected V8, 6-sp. Used by GM for final development of the production Z06 and ZR1— both at GM's facilities in the U.S. and at the Nürburgring, Spa, and on the Autobahn. Fitted with Sparco racing seats, roll bar, racing harnesses, fire suppression system, and mountings for test equipment in rear hatch area. Proudly wears its Nürburgring Industry Pool access Chevrolet—put his dealer badge smack dab in the middle of the rear fascia above the license plate alcove. Cond: 2. SOLD AT $121,900. Last seen a month ago at Mecum's Spring Classic, at that time a no-sale at $140k. Bought by an SCM Platinum subscriber and advertiser, who has a high-profile collection of one-off Corvettes where this will fit in quite nicely. The safe bet is December 2009 interior wear overall front and rear. Bone stock powertrain, ambulance grade 200-amp alternator. Cond: 3. SOLD AT $22,260. I was unable to discern who did the conversion, but it was significantly better than the scary 1974/81/-82 I saw in Indianapolis (CM# 120517). Claimed to have been the VIP perk car for the Chevy dealer in Cedar Rapids, Iowa, and declared sold here two years ago for $40,950 (CM# 45662). The reserve was wisely cut loose on the final bid, so call in the reservation now for your son or daughter's prom ride. sticker for 2005 on driver's side of hatch glass. Freshened up with stock LS7, full stock powertrain, wheels/tires, and repaint before being released by GM. Cond: 3-. SOLD AT $63,600. During the development of the ZR1, this was one of the cars that helped lend credence to the “Blue Devil” project folks inside of and observing from outside of GM. This was my favorite of all the C4 and latter cars out here, simply because of its unique purpose. A tempting proposition, but with that darn pesky EX VIN, it may end up as a track car. Hopefully, a forward thinking collector will preserve it as-is for posterity. ♦ 95

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Coys Woodstock, UK Fine Motorcars Bentley Red Label Speed Model leads former movie cars to top sale of $257,255 ENGLISH TOP 10 No. 9 #638-1924 BENTLEY 3 LITER Red Label tourer. S/N 235. Eng. # 357. Black/black canvas/black leather. RHD. Odo: 44,184 miles. Coachwork by Cadogan. Well-known car with full history. The first Red Label produced, and the first year of four-wheel brakes. Older restoration still looks recent, and it's as good underneath as it is up top, with excellent headlights and plating. Motor concours. Cond: 1. SOLD AT $257,255. First owned by Dr. A.H. Rabagliati. Coys claimed to have sold this car 25 years ago, when it looked the same. Sold here at its lower estimate, and I'm surprised it didn't fetch more. #655-1927 ROLLS-ROYCE PHANTOM Bond's Esprit brought $172k Report and photos by Paul Hardiman Market opinions in italics C oys returned to the grounds of Blenheim Palace, birthplace of Sir Winston Churchill, for its annual July sale. Top seller was the first Bentley 3 Liter Speed Model. The 1924 Red Label car was in super and very correct condition after an older restoration, and it fetched $257,255 in the room (profiled in October, p. 36). Two ex-film stars sold well: One of the “For Your Eyes Only” 1980 Lotus Esprits fetched a solid $171,835—about what the market has come to expect for a Bond Esprit—and the “wicker” 1963 Mini Cooper once owned by Peter Sellers and used in the Inspector Clouseau comedy “A Shot In The Dark” approached ex-Works rally car money at $66,423. This was the second of two near-identical Coopers the actor owned; the first was built by Hooper, but this left-hand-drive car was copied by Radford, opening a whole new market for the coachbuilder. It served time as Sellers's transport in France, then went to Beverly Hills, whence it returned on a phone bid. For those who couldn't afford either, there was an Indian Tuk-tuk from “Octopussy,” which sold for just $2,867. Quite a few cars were bid well under estimates, as is normal. Quite a few appeared to sell on the hammer but did not appear in the published results two weeks after the sale. And a few prices changed between what we witnessed on the day and what we read in the results, suggesting post-sale deals. Most surprising was the Mercedes 300SL Gullwing. It appeared to sell for $486,555, well above its bottom estimate, which is usually close to the reserve, but was later declared unsold. Post-sale deals are a factor at most auctions these days, but not knowing exactly what is going on does not lend confidence. ♦ 96 Company Coys Date July 18, 2009 Location Woodstock, England Auctioneer Douglas Jamieson Automotive lots sold / offered 31/60 Sales rate 52% Sales total $2,345,823 High sale 1924 Bentley Red Label Speed Model, sold at $257,255 Buyer's premium 15% up to $48,900, 10% thereafter, included in sold prices ($1.63=£1.00) teak inlay running boards. Still with splendid carriage lamps and vanity set. Cond: 2. SOLD AT $118,990. After arrival in the U.S., this was bought by 20th Century Fox and use in the movie “Singin' in the Rain.” A good price for both parties, considering this car's history and condition. #654-1950 JAGUAR XK 120 Competition roadster. S/N 660280. White/red leather. RHD. Odo: 16,510 miles. Barn discovery of a desirable early competition-modified roadster, color I Sedanca coupe. S/N 82UF. Black & white/ black leather. RHD. Coachwork by Hooper/ Schutte. English-built Phantom. Good overall with nice interior and a good patina to front seat, plating slightly blemished. Fitted with Sports Car Market

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Coys Woodstock, UK changed at some point. Interesting history, having first been owned by a former Battle of Britain ace. Everything needs doing, but it's all relatively straightforward. Cond: 5. SOLD AT $80,054. It's still going to cost the new owner up to $150k to do this right, but they're not making any more, and with this provenance, it should ultimately be worth it. Fairly bought and sold. #651-1954 JAGUAR XK 140 drophead coupe. S/N 807433DN. Metallic blue/black mohair/gray leather. RHD. Odo: 75,176 miles. Super overall order, but not much history or info presented with the car. Body straight and door fit good, seats unworn, dash veneer good. the right money for a really top example with no needs, so the price paid can be considered a fair deal both ways. #629-1963 MORRIS MINI Cooper sedan. S/N KA2S4L461315. Black/black leather. Odo: 36,102 km. Famous Peter Sellers Mini as used in the Inspector Clouseau movie “A Shot in the Dark.” The second of two built, this a left-hand drive clone of the Hooper-built original. Mods include timber dash and leather interior. In good order following repatriation to Cond: 2+. SOLD AT $135,486. From a longterm collection. When it comes to XKs, roadsters command the premium, but these are much more practical to use, so they're catching up in the marketplace. Despite this one's great overall look, this price was well in excess of what we've seen from other recent sales. Well sold. #630-1956 BENTLEY S1 CONTINENTAL fastback. S/N BC10BG. Gray metallic/red leather. RHD. Coachwork by H.J. Mulliner. Good and straight example in the right color with lots of history pointing to ongoing maintenance. Not concours, but a nicer user. Cond: 2. SOLD AT $163,000. Appeared to sell for the U.K. and renovation work. Wicker-effect painted sides survived well, but are slightly tatty in places. Cond: 2. SOLD AT $66,423. Was in the Cars of the Stars museum, before that was Sellers' transport in France, then allegedly gifted to “Shot” director Blake Edwards in California. Well sold on the phone back to France at a price approaching that of a minor ex-Works rally car. TOP 10 No. 10 #621-1964 ASTON MARTIN DB5 coupe. S/N DB51365R. Blue/beige leather. RHD. In good order follow- ing earlier restoration by leading specialist. Body straight, chrome all good, interior tidy. leather. RHD. Following the trend started by Hooper, Radford, and Peter Sellers, Wood & Pickett poshed up Minis for many years. The Margrave, as here, was based on the 1275 GT Clubman. Following older restoration by original craftsmen, this remains in good order (and very late-'70s colors) with period slotted mags. Cond: 1-. SOLD AT $18,538. Compared with the Mini de Ville in the same sale, this looked like a cheap price, although it didn't have the Sellers provenance. Interestingly, it cost about the same as a good original Mini Cooper, or an immaculate example of one of the very last Rover-built versions, so about $17k–$18k is what you need to spend to get a really nice Mini, in whatever flavor. #642-1980 LOTUS TURBO ESPRIT coupe. S/N SCCFC20A8AMD10858. Eng. # CC912801118912. Bronze/tan leather. RHD. Another James Bond Esprit, one of two used in “For Your Eyes Only.” The prototype of the turbo series, and allegedly first used by Colin Chapman as personal transport, though supplied for filming normally aspirated. Good overall with no scuffs, interior leather baggy. $211,900 on the hammer, but later declared as $163,000 in published results. Even though that's about right, neither price would have been terribly out of order, and it's still slightly cheaper than an R-type Continental. #637-1960 JAGUAR XK 150S roadster. S/N 3000282000000078DN. White/black mohair/red leather. RHD. Really nice well-kept example of the ultimate XK spec, with overdrive and a lightly tweaked motor. One of only 38 built in this spec. Restored by leading Jag specialist. Body and doors straight, chrome all good, leather just taking on a bit of character. Cond: 1-. SOLD AT $175,470. From the same collection as the Bentley Red Label. This was December 2009 Otherwise unremarkable. Cond: 3+. SOLD AT $236,350. Declared unsold at $230,000 in the room, but it appeared on the published results later, so presumably a post-sale deal was done. This price looks cheapish, and I'm surprised $6.5k was enough to make the difference. #606-1979 MINI CLUBMAN Margrave sedan. S/N XH252179981A. Maroon/cream GERMAN #617-1936 DKW F7 700 cabriolet. S/N 579350. Metallic red/black leather. Frontwheel drive powered by a tiny two-stroke vertical twin. Recently restored in mainland Europe and in fine order with good dashboard and detail work, although water temp gauge has been replaced by later Smiths unit. Cond: 97 Presented with racks and two sets of skis (but not the originals). Cond: 2-. SOLD AT $171,835. The phones went into meltdown on this one. Although this is the second to appear in the film (the first, a white car, blows up), a Chapman-signed plaque gives it provenance. Was with Manchester dealer Bauer Millett before going to the Cars of the Stars museum. Price completely barking for an Esprit, but in line for a Bond Esprit, as one of “The Spy Who Loved Me” S1s sold for $164,020 in 2008 (SCM# 118810).

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Coys Woodstock, UK it's surprising that Speedsters haven't inflated too—but maybe that just highlights their relative pointlessness in Europe compared to the usefulness of a coupe. INDIAN #604-1983 TUK-TUK utility. Yellow 1-. SOLD AT $62,788. Sold on the telephone. So rare that there's nothing to directly compare it to, apart from, say, an early Tatra, and that might fetch a little more. Price estimates were “refer department,” but at this bid, I'd say it was about on the money. #634-1959 MERCEDES-BENZ 300SL roadster. S/N 19804210002723. Silver/red leather. In good order following restoration in Germany, more recent refurbishment includes new paint and leather, discs added. Tidy underhood. Reportedly unused for the past three wheelie, but the one used by his blunderbusswielding pursuer. Generally knocked about, mirror and various light lenses missing. Cond: 4-. SOLD AT $2,867. Sold at no reserve and I doubt the seller was expecting much. Previously was in the Cars of the Stars museum. Maybe the cheapest way to get into Bond wheels... but how much for the Bond three-wheeler that could wheelie? years. Cond: 2. NOT SOLD AT $486,555. 300SLs are down a little on last year, and the high bid on this (between three phones, one of whom appeared to have won) was pitched right between estimates for a market-correct valuation. Declared unsold after sale, and appeared again at Coys' s Nürburgring sale on August 8, where it brought $496,808. #614-1989 PORSCHE 911 Carrera Speedster. S/N WPOZZZ912K5122451. Red/red fiberglass/black leather. RHD. Odo: 51,115 km. Narrow-body Speedster, good in all respects. Not registered until 1991. Equipped with Strosek hard top, comes with full history. Cond: 2+. SOLD AT $56,380. Originally supplied to Japan, hence the speedo in kilometers, then owned by former Porsche racer Vern Schuppan. Picked up by a trader after another fell out just under $45k. Considering really good 3.2 Carreras have picked up recently, ITALIAN #612-1982 FERRARI 308 GTB coupe. S/N 37693. Red/cream leather. RHD. A nice GTB on the right wheels and rubber. Claimed near-concours, and certainly very tidy inside and & black/red vinyl. And now for something completely different... probably a Bajaj built some time in the '70s. Allegedly used in the filming of the chase scene through Delhi, India, in the James Bond movie “Octopussy”— though not the 007 conveyance that could under the hood. Has been in the U.K. at least twelve years. Reportedly R/T spec from new, still fitted with scary front drum brakes. Cond: 2-. SOLD AT $16,245. This attracted no bids at Brightwells a few weeks before on June 24, so here it was well sold at just over a reduced lower estimate. #659-1967 FORD MUSTANG fastback. S/N 7F02S138610. Highland Green/black vinyl. RHD. Odo: 63 miles. 390-ci V8, 4-bbl, 4-sp. Straight and shiny but could have done with a vacuuming inside. Lots of performance parts, step trims a little dinged. Converted to RHD using Ford of Australia parts. Steering wheel loose on column (as well as with standard Mustang slop). A real GT390 got up into a Bullitt replica a couple of years ago for 40th anniversary of the movie, but rear wheels are too big. Cond: 2-. SOLD AT $61,940. Apparently first supplied to Clark Field and recovered from the Philippines in the early '90s, then restored. Brit buyers tend only to see “Bullitt” and not the car underneath. This had potential but needed a bit more TLC—still, it sold for about 50% over the price of a stock fastback. Just as well it fetched the money here (probably post-sale), as it's near unsaleable in the U.S. in RHD. #631-1970 PONTIAC FIREBIRD Formula 400 coupe. S/N 226870N121250. Black/black vinyl. Odo: 28,697 miles. 400-ci V8, 4-bbl, auto. Formula 400 car in fair order, presented a bit travel-stained and careworn. Paint shiny, hood out. Unmarked paint, glass, and interior. Cond: 2. SOLD AT $34,230. Unsold in the room, but later appeared in published results at the same price, so the seller must have changed his mind post-sale. 308/328s are hanging around this price band at the moment, and it takes an exceptional car to climb out. AMERICAN #661-1967 DODGE CORONET 2-dr hard top. S/N WS23L77118322. Metallic gray/black vinyl. Odo: 96,916 miles. 440-ci V8, 4-bbl, auto. Straight and sharp with new front fenders and good interior. Not overdone 98 fit a little off at corners, interior in reasonable shape. Cond: 3+. SOLD AT $15,672. The '78 English reg is presumably from when it was imported. Fair price for the year and model—more expensive here than it would be at home, but not valuable enough to make import worthwhile, so the market remains small. ♦ Sports Car Market

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eBay Motors Online Sales When a Porsche is a Poorsh Why do I watch things like this in My eBay? Alas, like staring into cleavage or rubbernecking at an accident scene, I can't help it. I'm a Porschephile Report by Geoff Archer Market opinions in italics P orschephiles tend to be pretty particular when it comes to their cars, and if you mis- pronounce Porsche, you'll be corrected. Unless you're talking about one of these. Condition inferred from seller's descriptions; cars were not physically examined by the author. All quoted material taken from the eBay listings. (sf=seller's feedback; bf=buyer's feedback) #360093315876-1972 PORSCHE 914 Custom fastback. S/N 4722916430. Orange w/airbrushed checkered flags/gray vinyl. Odo: 5,937 miles. 35 Photos (taken in a lot full off bottom-feeder '80s Ferraris and kit cars). San Diego, CA. “Customized by a father & Son team out of Huntington Beach, CA. This car is 50% show and 50% go. Steel Body. Custom Roll bar from the firewall dash to the rear bumper & wing. Stock dash with wood grain. Carbon 4+. SOLD AT $9,500. I used to write a blog about nasty 911s like this one at http://flatsicks. blogspot.com (still there though not recently updated). Funny enough, this one wouldn't even qualify, with the VW bus engine downgrade. Who does that anyway? Who pays almost ten grand for the “finished” product? Unlike other defiled P-cars, this one doesn't even have much salvage value beyond the transmission (which could be worth $2,500 to a 356 driver). Insanely well sold. #230266247991-1978 PORSCHE 911SC Custom convertible. Silver/gray canvas/ black leather. Odo: 145,612 miles. 13 Photos. Fountain Valley, CA. Aesthetically a '90s Porsche hodgepodge. “Updated to a 1992 C2 Cabriolet ‘look' Also with 993 headlights. The car is in very good shape but needs some TLC to be perfect.” Long list of minor mechanical and cosmetic issues. “Looks great from 10 fiber door panels. 327 V8 Corvette 350+ H.P. Engine (Longitudinal)” w/5 speed. “Why am I letting this sweet thing go, so I can have newer & faster new toys to play with.” 21 bids, sf 1092, bf 1. Cond: 2-. NOT SOLD AT $12,111. Seller reports that “This car has been valued at over $40,000.” The builder and/or the financier of any massively customized Porsche should know they'll never see a return, and will likely only recoup a fraction of the money spent. Seller should've taken this bid. #110417617084-1976 PORSCHE 911S Custom Widebody coupe. S/N 9116201879. Silver/black vinyl. Odo: 94,580 miles. 19 Photos. Oak Park, IL. “Rear flares are steel, front fenders are stock 86 turbo steel, front and rear bumpers are fiberglass as are the side skirts. Clear Euro style front directional lights, Fiberglass Turbo ‘S' Tail. New paint is ‘Silver Ice Pearl.' New Carpet and Headliner, Window/Door seals after paint, Interior is in great condition. Full documented engine rebuild” 25k miles ago. “I would not and have not hesitated to take it anywhere.” (I would, without a good disguise and an alibi.) 2 bids, sf 7, bf 24. Cond: 2. SOLD AT $15,000. I don't get it. It's not a track car. It's not a nicely 100 restored short hood. It probably has about half the horsepower of the 964 it is trying to look like. Why would someone build this? Why would one buy it? Why do I watch things like this in ‘My eBay' and write about them in my column? Alas, like staring into cleavage or rubbernecking at an accident scene, I personally can't help it: I'm a Porschephile. Here's hoping you have more willpower. Well sold (obviously). #140271359962-1977 PORSCHE 911 Custom Widebody convertible. S/N 91137310385. Black & Rose Pearl Mica/black canvas/black leather. Odo: 113,000 miles. 15 Photos. Pittsford, NY. Listing says 1977 but the s/n suggests 1973. “THE CAR CAME OUT OF TEXAS 4 YEARS AGO AND BELONGED TO A FOOTBALL PLAYER NAMED TROY MASON. THE CONVERTIBLE TOP AND ALL BODY WORK WAS DONE. ORIGINAL feet away or from close up. All of the mechanics of the Automatic top are present but setup for manual use for now.” Interior is “in very good shape. A fine tuned machine with many new parts.” 6 bids, sf 25, bf 25. Cond: 4+. SOLD AT $11,100. Hard to value this amalgam. It probably is worth this bid, because that's just about the value of the sum of its (big, easily marketable) parts. Sure was a goofy thing to buy when there are so many nice (911 Type) 964 and 968 cabs to be had in the teens that would not only be nicer cars to drive, but also easier to resell. Fair deal, but a bad call nevertheless. #110388040000-1979 PORSCHE 930 Custom coupe. Yellow/black & yellow leather. Odo: 17,500 miles. 24 Photos. Brooklyn, NY. “Updated to a 1994 turbo S. striped down to the metal and redone. All factory turbo body parts, xenon headlights. No fiberglass or any mud work. Paint is excellent condition. Interior MOTOR AND TRANNY WERE MISSING. SO I INSTALLED A REBUILT 912E TRANSMISSION... AND BUILT UP TYPE 4 MOTOR. THE ONLY RUST ON THE CAR IS AT THE BATTERY BOX BUT NOT INTO THE FRAME.” Long list of missing or broken items. 1 Buy-It-Now bid, sf 87, bf 198. Cond: Sports Car Market

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is completely new (at a cost of over $18000). The car has a 3.6 custom built twin turbo engine that made 830hp to the wheels (have Dyno sheet in hand) with race fuel. On pump gas it made 600hp at 1 bar. No A/C or heat. This is the most powerful Porsche on eBay..” 1 Buy-It-Now bid, sf 69, bf 776. Cond: 2+. SOLD AT $55,000. You know, I'm tempted to suggest finding a real '94 Turbo for similar money... but I do recognize that would be a challenge (in great condition, like this), and it would not have half this horsepower. So although one would certainly lose a fortune creating such a thing, I have to say this was definitely the way to buy it. #290311656361-1987 PORSCHE 928 S4 Custom coupe. S/N WP0JB0924HS861944. “BMW Mini” Orange/gray leather. Odo: 105,000 miles. 9 Photos. Minneapolis, MN. “Rear view cameras eliminate mirrors and are built into the side gills. The Lexan hood allows one to enjoy looking at the detailed engine bay without opening the hood - only now being copied by the new Corvette! The interior has all been updated with Alcantara.” Cheney Performance 383 Chevy V8 SOLD AT $60,000. Market price for the time (Sept. '08). I believe a highly modified Speedster like this would have a hard time selling for more than $50k today. Well sold in terms of market timing. #140264581001-1998 PORSCHE BOXSTER Custom convertible. S/N WP0CA2984WU624769. Silver/beige leather. Odo: 64,000 miles. 19 Photos. New Jersey. “COMPLETELY REDONE CUSTOMIZED WIDEBODY... NEW FRONT AND BACK FENDERS, FRONT AND BACK BUMPERS, BOTTOM SPOILERS, CUSTOM TITANIUM PAINT, 20 INCH RIMS. TITLE IS SALVAGE/ REBUILT NOT SALVAGE, (MEANING CAR WOULD NEED TO HAVE SPECIAL INSPECTION AND PROOF OF WORK AND Date sold: 09/27/2009 eBay auction ID: 270460107199 Seller: Paddock Chevrolet, Kenmore, NY, www.paddockchevrolet.com Sale Type: New car, 6 miles VIN: 1G1YN2DT0A5800122 Details: Torch Red over titanium leather; 6.2L supercharged v8, 638 hp, carbon fiber roof, nav, 3ZR option group Sale result: $120,130, 1 bid, sf 6 MSRP: $121,130 Other current offering: Ed Morse's Sawgrass Automall, Sunrise, FL, www.edmorsesawgrass.com, asking $141,130 for all-black car. 2008 Maserati Quattroporte Sport GT S makes 460 hp through stock Porsche auto trans. “The race motor is 200 lbs LIGHTER than the stock Porsche motor it replaces.” 1 bid, sf 23, bf 619. Cond: 2-. SOLD AT $14,000. Seller said it appraised for $59k. Although you (and Grundy and Hagerty, etc.) would hope an appraisal at more than four times the market price should be anomalous (even scandalous), it's probably more common than you think—especially with a wild custom. In fact, that's the beauty of collectorcarpricetracker.com, where you can value a car by looking at what people are actually willing to pay for it. In this case, not much. #220277709984-1994 PORSCHE 911 Custom speedster. S/N WP0CB2965RS465417. Maritime Blue/black canvas/black leather. Odo: 8,950 miles. 13 Photos. Atlanta, GA. Short and confusing description reads, “This car has a one of kind, custom built engine and is the last model made of its kind. Owner is condensing his collection so car must go.” OK. How much horsepower does it make? Why don't I see a turbo or an intercooler in the picture you loaded (twice) sideways? Strosek-style headlights and sidescoop in rockers, aftermarket rims and front valence. Looks to be a genuine speedster otherwise, even retaining “E.T” looking OEM third brake light. 6 bids, sf 0, bf 59. Cond: 2. PARTS IF JUST SALVAGE WAS ON TITLE., THIS WAS ALL DONE IN ORDER TO GET SALVAGE RE-BUILT ON TITLE. MOST PEOPLE DONT UNDERSTAND.” I certainly don't (and I'm from New Jersey!). 1 Best-Offer bid, sf 100, bf 12. Cond: 2. SOLD AT $19,500. When I crunched the front of my silver 964, I briefly thought about keeping the huge insurance check, replacing only the headlight, and donning a bra. Maybe I should have installed an '80s Gemballa-style body kit with cheesegrater side strakes and a Fast and Furious wing? I might have, had I known it would double the value of the car. Very well sold. #190239752293-2000 PORSCHE BOXSTER custom convertible. S/N WP0CB2982YU660234. Red/red fiberglass/. Odo: 66,420 miles. 14 Photos. Merritt Island, FL. “Stretched 12 inches in both directions. It has been completely modified in and out to look like a 2005 Carrera GT that retails for over Online sales of contemporary cars. 2010 Chevrolet Corvette ZR1 Fresh Meat Date sold: 09/23/2009 eBay auction ID: 260479144596 Seller ID: robertebowes Sale Type: Used car, 2,775 miles VIN: ZAMFE39A680034959 Details: Black over black leather; 4.2L 32-valve V8, 6-speed auto Sale result: $82,501, 2 bids, sf 0 MSRP: $133,700 (2008 base) Other current offering: Cauley Ferrari Maserati, West Bloomfield, MI, www.cauleyferrari.com, asking $97,751 for gray over tan car with 3,411 miles. 2010 Volkswagen Jetta TDI Sportwagen $450,000. If you are a quiet shy person, this is not the right car for you. When I drive this car, I am photographed at least 5 times before I get home.” 1 Buy-It-Now bid, sf 25, bf 0. Cond: 2+. SOLD AT $80,000. Zero-feedback buyer calls all aspects of this deal into question—except for the fact that this Porsche-based replica looks to be very well done. Probably worth $25k–$35k, though I'd bet it cost more than double that to build. ♦ December 2009 Date sold: 009/22/2009 eBay auction ID: 190335895196 Seller: Lokey Auto Group, Clearwater, FL, www.lokeyvw.com Sale Type: New car, delivery miles VIN: 3VWTL7AJXAM607300 Details: Candy White over Cornsilk; 5-speed, 17” Porto alloys, touchscreen audio Sale result: $29,890, 1 Buy-It-Now bid, sf 575 MSRP: $23,870 (base 2009) Other current offering: Honda of Panama City, Panama City, FL, www.hondaofpanamcity.com, asking $25,209 for nearly identical car. 101

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Bike Buys Bimota DB2 Buying a Better Ducati Only 408 examples of the Bimota DB2 were produced—285 of them with a full fairing, and 123 with a half by Ed Milich I n some ways, the 1993 Bimota DB2 stole Ducati's thunder. The DB2 is the ultimate version of Ducati's steel-framed, belt-driven 900 SS—superbly re-engineered by a tiny company located across Bologna from the Italian giant. The DB2 was Bimota's follow-up to Federico Martini's milestone Ducati 750-motored DB1, which had already alerted Italian sport bike fans that further refinements to Ducatis were possible. Young designer Pierluigi Marconi mated a stock 900 SS powerplant to an exquisite, hand-made chrome-moly trellis frame. Its steeply raked steering (23.5 degrees of rake, 97 mm trail) and short 1,370-mm wheelbase are aggressive even by today's standards. In addition, Bimota shaved ten pounds off Ducati's Superlight, raising the bar all around. Top-shelf adjustable Paioli front forks and an Ohlins rear shock made the DB2 steady in the most competitive situations (i.e. when being thrashed). Brakes were Brembo racing calipers and rotors, while billet aluminum triple clamps, foot controls, and other little details iced the aesthetic cake. The DB2's exhaust system predated the nowcommon high-swept exhaust of the Ducati 916, and its position near the center of mass minimized roll inertia in quick turns. As Bimota managed with its Japanese-engined models earlier, the company extracted more horsepower from the Ducati motor. Only 408 examples of the DB2 were produced—285 with a full fairing, and 123 with a half. The DB2 used a steel frame, but the company later developed aluminum trellis frames, which, while lighter, are seen as somewhat less desirable. It didn't help that the unattractive, touring-bred DB3 Mantra was an early example. For all its elegance, a DB2 is relatively easy to maintain. Battery, valve covers, and other service areas can be accessed easily by removing the racy one-piece fiberglass tank cover and tail section, a five-minute task. Valve adjustment is straightforward, and the DB's frame allows decent access (to the rear cylinder, especially). Thanks to the basic 900 SS engine, many good used parts are available on eBay, while oil filters and other sundries are available at Ducati dealers. It's a good thing, because none of the Bimota dealerships from the 1990s DB2 era still exist. Modifications can improve a DB2 significantly. Perfect DB2 owner: Thinks “regular” Ducatis are too common, too slow, and not challenging enough to own. Rating (HHHHH is best): Fun to ride: HHHHH Ease of maintenance: HHH Appreciation potential: HHHHH Attention getter: HHHHH Years produced: 1993–95 Number produced: 408 Original list price: 27.3m Lira ($17,100) SCM Valuation: $5,000–$12,000 Tune-up cost: $50 DIY to $500-plus at the dealer Engine: Air-cooled, 2-valve/cyl, 90-degree, 904-cc twin Weight: 371 lb Frame #: Steering head Engine #: Righthand side Colors: Red and white Club: Worldwide Bimota Enthusiasts Club More: www.bimota-enthusiasts.com SCM Investment Grade: B 102 Replacing the 16-mm front brake master cylinder with Brembo's larger 19–20-mm radial unit improves braking feel and response. The DB2's stock 900 SS powerplant is a mild yet competent mid-70-hp twin displacing 904 cc and with huge, plentiful mid-range torque. And because so many 900 SSs were sold, there are many opportunities for hot-rodding. Performance cams, carbs, porting, and exhaust bring the power to the mid-to-high 80-hp range, and common big-bore kits raise performance still further. Replacement of the stock exhaust with a less restrictive pipe produces a baritone exhaust growl guaranteed to raise the hair on the back of your neck. Keihin FCR or other flat-slide carburetors improve throttle response from the stock Mikunis. Proven track success with Alan Cathcart But it's not just about looks. Bimota designs have always been proven on the race track, and Alan Cathcart raced a VeeTwo-sponsored DB2 to victory in the BEARS series in 1996, demonstrating the machine's potential. Like other finicky exotica, service by a reputable mechanic is essential. Desmo heads require experience, and improperly adjusted valves are a fast lane to engine failure. Detailed maintenance records are important on a potential DB2 purchase; beware of prior service from lesser mechanics. Kokusan ignition modules on the DB can fail, just as on the 900 SS, but these can be replaced for around $100 each, via eBay. The underseat exhaust can create a literal hot seat, but covering the pipes with insulating exhaust wrap will mitigate this. The noisy dry clutch—which is a Ducati trade- mark—can also hammer itself into sticky engagement if the clutch splines become notched, so it should be overhauled every 10k–20k miles. Also check for cracks around the steering head caused by excessive wheelies. 900 SS engines soften around 40k miles, at which time an overhaul of the top end (at least) is recommended. Also, aluminum crankshaft oil plugs can slowly back out, due to a lack of threadlocker at the factory, producing aluminum shards in the pre-filter engine oil strainer and necessitating a complete engine teardown. A rare, period EFI system was optional on DB2s and should be avoided at all costs. With only 408 DB2s built, sightings are rare, and Bimota importer Bob Smith/Motopoint brought only a handful into the U.S. However, since DB2s are Ducatibased and thus purebred Italian machines, they command a premium among Bimotisti over the Japanese-powered models. A nicely accessorized DB2 recently sold on eBay for around $10k, which is a reasonable value for a clean example. With Ducati still cranking out its aircooled two-valve twins almost into their fourth decade, I'd expect DB2 values to climb, as this model is really the pinnacle of the design. In this price range, you'd be hard pressed to find a more prestigious Sunday morning backroad blaster. ♦ Sports Car Market Courtesy of G.R. Rankin

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Mystery Photo Answers Comments With Your Renewal The only thing better than What's the old saying? “You can live in your bike but you can't ride your house.” —Bob DeKorne, Traverse City, MI RUNNER-UP: Even Zagato makes mistakes.—Norman Vogel, San Francisco, CA Curiously, he remembered the kitchen sink but forgot about a towel rack.—Doug Masto, Wall, NJ BUT WAIT, THERE'S MORE! For only $19.95 + shipping, we'll send you two of these unique appliances, AND you'll get two ShamWows and a year supply of Orange Glo. Call now, operators are standing by!—PuChin Waide, Great Falls, VA This is obviously an early Solar Powered CrapCopter with manual tile cutter and rare “trick mailbox” option.—Bill Campbell, Las Vegas, NV FEMA, vowing to fight ter- rorism on a budget, has awarded a production contact for its new Mobile Chemical/Biological Decontamination Facility.—Dale Rowe, Raleigh, NC Just no towel room on these live-aboard exercycles.—Doug Metzker, Portland, OR The Clampetts' new vehicle, obtained in the Cash for Clunkers program.—Jay Bernstein, Rockville, MD Ol' lady demands two wheels age.—Roger Vance, Crescent City, CA One thing's for sure, this bike is a bitch to wash.—Peter Zimmermann, Bakersfield, CA Mobile hydroponics are all the rage these days.—Rod Diridon, Jr., Santa Clara, CA Despite this promising Aztek concept study, GM killed Pontiac anyway. Go figure…—Kick Wheeler, New Milford, CT Pimp My Schwinn.—Sean T. on the road / And four walls by night / The divorce stands and does well bode / My lawyer did me right.—Tom Taylor, West Linn, OR The Audacity of Design.— Ron Varley, St. Louis, MO Spy photos now bring cred- ibility to Iran's claim of peaceful nuclear research, though the plutonium regenerator has remained a mystery, as it is constantly shrouded by a pink towel.—Lorrie Peterson, Brooks, GA What you can build with the world's largest Erector Set.—Bob Peterson, Brooks, GA Schwinn-A-Bago EcoRoost with upper deck. Sleeps four. Will trade for unicycle with tow pack- Barlow, Perryville, MD There's nothing in the laws of physics to prevent time travel... until now!—Patrick Freeland, Beacon Pt., MD E.T. pimped his ride.—Paul Chenard, Halifax, Nova Scotia, CAN Just back from Sturgis, a Citroën solar-powered chopper.—Dan Faustman, Elk Grove, CA Chitty Chitty, Thud Thud.— Bruce G. Williams, Denver, CO I don't know what the hell it is, but I know overkill when I see it.—Pete van Hattem, SeaTac, WA Because he well knows the gearhead's creed, Bob DeKorne wins a soon-to-be-collectible official SCM cap. ♦ This Month's Mystery Photo Response Deadline: November 25, 2009 reading the SCM Monterey issue is being there, which I'm absolutely going to do again. Last visit was 2003… way too long. If there were a Pultizer Prize in automotive journalism, you guys would win it.—Jim Rosenthal, Annapolis, MD As always, we so enjoy your magazine and comments. And we don't live sheltered lives or anything. (Just drove six hours for a car, but that is a different story...)—Margo Perine, Victor, NY Wonderful magazine. Great reference; I wish I had discovered it earlier. Thanks for all your work to put out such a great work.—Mark Masseth, Honeoye, NY Gets better each month; good work.—Peter & Sue Price, Portland, OR Outstanding coverage.—Daniel Albert, Carlsbad, CA You have great Ferrari stuff. Keep it coming.—Vito Massa, Morton Grove, IL Great magazine! Bring back a Porsche columnist.—Paul Wartman, Brookfield, WI. Jim Schrager asked for a leave of absence as his day job had reached an all-consuming phase. We hope to see him in SCM again in the near future.—KM Keep the lower-priced cars and fright pigs in the mix. Great job overall.—Craig Komulainen, Fair Oaks, CA Love the motorcycle cover- age.—Michael J. Shooks, Grand Rapids, MI Always fun to read and dream, and thank god you're not under water on some old fliver!—Joel Bingham, Owego, NY.My mantra is “buy, repent, move on.” —KM Bellisimo! Great range of fo- cused articles on various marques.— Stan Chesshir, Portland, OR Love the prepaid return enve- lope. Nice touch.—L. J. Rockie, Bend, OR I always look forward to receiving my copy of SCM. It's my favorite read of the month. Don't change anything.—David Coffin, Drexel, NC Outstanding! I enjoy every page. Thanks.—Peter Cosmides, Moorestown, NJ More post-war American cars, especially muscle and later. And more “Legal Files” and eBay cars. Less of everything else.—Nile Heermans, Painted Post, NY Best magazine of its type I have 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: mysteryphoto@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 SCMcap. Email photos at 300 dpi in JPEG format. 104 ever read. My only regret is that I didn't discover it sooner.—Larry G. Siferd, Lima, OH. I like the motorcycle additions. Keep up the excellent work.—Rob Karr, Cupertino, CA You are the best. Nothing like it for my money. Can't get enough.— Steve Moseley, Wayzata, MN 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 $44/month ($66 non-subscribers) Text-Only Classified Ad Just $15/month ($25 non-subscribers) 4 ways to submit your ad: Web: Visit sportscarmarket.com/classifieds-post.php to upload your photo (300 dpi jpg) and text, or text only. Secure online Visa/MC payments. E-mail: Send photo (300 dpi jpg) and text, or text only, to scmadvert@sportscarmarket.com. We will call for your VISA/MC. Fax: Attention Showcase, to 503.253.2234 with VISA/MC. Snailmail: Showcase, PO Box 4797, Portland, OR 97208-4797, with VISA/MC or check. 25 words max, subject to editing. Deadline: 1st of each month, one month prior to publication. Advertisers assume all liability for the content of their advertisements. The publisher of Sports Car Market Magazine is not responsible for any omissions, erroneous, false and/or misleading statements of its advertisers. Over 100K invested. Rotisserie resto. Massive power-blueprinted, balanced, port-matched, ccd, etc. Excellent driver. All mods, modern AC, Blaupunkt sound. A superior example. Call/email for details. $37500.00. Richard Hollander, richardhollander@ mindspring.com 816.506.7711. (MO) 1957 Morgan PlusFour 1971 Jensen Interceptor ll GERMAN 1957 Mercedes Benz 300SL roadster Red with black, 41k miles, meticulous owner's log for 40+ years, repro Rudge wheels, luggage, owner's manual. Contact: Stu Carpenter, www.copleymotorcars.com, tel. 781.444.4646, copleycars@aol.com. 1971 Mercedes 280SE 3.5 Convertible BRITISH 1964 Bristol 408 3.8 Liter, 4-speed plus overdrive, Black w/red leather, detailed engine bay, SS exhaust, beautiful inside and out. Price $39,500 OBO. Contact Ted Burns at tburns@dresser-rand.com or call 630.369.6630 1967 Jaguar XKE convertible Three documented owners from new. Restored to better than new condition with some highly desirable upgrades making it a bullet proof performer. Eligible for all the great events, or just for spirited weekend jaunts. Triumph powered, Webers, 72 spoke wires. A concours winner. $59,000/offer. Matthew L. deGarmo Ltd. 203.852.1670 Website: www .deGarmoLtd.com Light Blue Metallic/Dark Blue Interior. Chrysler 340/6 pack holley carbs. Torqueflite transmission. Factory wheels/Cinturato tires. Contact: Sue Price at 503.254.4012. 1932 Petersen 4.5 Bentley Blower rep 1966 Sunbeam Tiger Superb Blower Bentley rep as built by Petersen Engineering in the 1990s. One of six built for Jack Barclay LTD. Contact: Stu Carpenter, www.copleymotorcars.com, tel. 781.444.4646, copleycars@aol.com. 1958 Jaguar XK 140 Coupe Recently purchased from a well known private collector and now offered for sale. It features the 4.2 liter engine with 9 to 1 compression giving superior performance but still running on readily available pump gasoline. This car received a complete professional restoration including all chrome, complete interior in correct hides, new correct top and rear window, all new glass, complete strip and repaint, and engine and driveline rebuild. Contact Jim Bailey at jimbailey@ec.rr.com or 252.241.1200. (NC) 1968 Jaguar XKE Roadster Series 1 ½ 1959 Triumph TR3A Dark red, parchment leather, zebrano wood trim. A 79,000 mile original car that's had a spectacular, fully documented cosmetic restoration to factory new condition. Show quality cosmetics and drives without fault. Factory A/C, floor shift automatic. $149,000. Matthew L. deGarmo Ltd. 203.852.1670 Website: www.deGarmoLtd.com 1971 Mercedes-Benz 280SE 3.5 Coupe 2 tops, red/black California car. $50,000.00. Contact Earl Fisk at jsfisk@aol.com or 530.247.1748. Over $150k spent on restoration of a mint, 50k mile original car. The best one on the planet, period. Silver, contrasting black top (per factory), original black leather. All books, tools. Very expensive. Matthew L. deGarmo Ltd. 203.852.1670 website: www .deGarmoLtd.com 1971 Mercedes-Benz 280SE 3.5 cabriolet Wonderful condition throughout, matching numbers and supremely well sorted for spirited driving. Recently ran the New England 1000 rally and performed flawlessly. Primrose yellow, red Connolly leather, overdrive. A true turn key car, ready to drive anywhere in style. $59,000/Offer. Matthew L. deGarmo Ltd. 203.852.1670 Website: www .deGarmoLtd.com 1963 Jaguar Mk II 4.2 litre 4 speed. Last of 6s. 12900 documented original miles. Comes with original hardtop. Unrestored authentic time capsule. Never hit rusted or abused. Perfect panel gaps original tires, wires and clutch. Sable with bisquit. Chin and belly are perfect. Car drives as new. $75,000.00. Contact Michael at msdesignltd@aol.com or 914.588.1057 106 Ford V8 engine and transmission. Body off and frame blasted and painted. New shocks and suspension. Great seats. For more pictures go to mycarcollectibles.com. $25,000. Call 801.943.0125 This is a perfect, one owner car in absolutely mint condition with just 39,000 original miles. Red, saddle leather; all books and tools, very rare factory sunroof. These are great cruisers; very powerful, great handling and rare to find one in such perfect condition. $35,000. Matthew L. deGarmo Ltd. 203.852.1670 Website: www.deGarmoLtd.com Sports Car Market Flawless numbers matching car with a great history. All books and tools. Absolutely pristine condition and totally correct in every detail. Finished in white with black leather. Runs, drives and looks perfect. An exceptional opportunity for top down fun at a very fair price. $75,000/offer. Matthew deGarmo Ltd. 203.852.1670 Website: www.deGarmoLtd.com 1971 Jaguar XKE 1973 TVR 2500 V-8 Professional complete frame off restoration, no expense spared. 2100cc motor, full syncro w/ odrive, Welton wool, leather, chrome Dayton's. Sunfast top, 600 miles. 48K invested. Dark blue, flawless. Contact Donald Harvey at donald_harvey@mac.com or 315.789.5700. (NY) Authentic low-grill 3.5 V8, automatic transmission, Behr a/c, Becker radio, power windows, well cared for 1990s restoration. Contact: Stu Carpenter, www.copleymotorcars.com, tel. 781.444.4646, copleycars@aol.com. 1978 Mercedes-Benz 450SLC

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SCM Showcase Gallery 1964 Porsche 356C Coupe 112K. Black full linen leather. Very well maintained. All documentation. Looks and drives beautifully. The best. $13,099 OBO. Call Brian at 630.988.8090 1998 Porsche Boxster Cabriolet sales@fantasyjunction.com; www.fantasyjunction .com. 510.653.7555. (CA) 1954 Maserati AGCS interior. The exterior consists of beautiful Mahogany Veneer over White Ash wood Frames. Other notable features include 135 horsepower Inline 8 Cylinder Engine, Fluid-Drive Automatic For more information, please visit our website at www.emcars.com or call Shawn Williams at 310.558.3300 or 310-9086100. Email: shawn@emcars.com. 1960 Chevrolet Corvette Fuelie One California owner until recently. All matching numbers. A 100% original, untouched museum quality car. All books, tools. Recently ran NE 1000 Rally and performed flawlessly. Certificate of Authenticity in hand. An incredible find. Call for details. Matthew L. deGarmo Ltd. 203.852.1670 website: www.deGarmoLtd.com 1964 Porsche 356 SC cabriolet Original, unmolested example, premium wheels; new tires, brakes; nice driver. Inquire for more photos. $10800.00. Contact Richard Wirtz at wirtz@unr.nevada.edu or 775.851.3602 ITALIAN 1992 Alfa Romeo Spider Black with red leather, original SC engine, matching numbers, well preserved 1990s restoration, certificate of authenticity. Contact: Stu Carpenter, www.copleymotorcars.com, tel. 781.444.4646, copleycars@aol.com. 1965 Porsche 912 Completely Restored, Maintained regardless of cost. Reluctant Sale. 54K miles, Asking $16,500.00 OBO. Call Gary at 360.460.5930. 1955 Ferrari 375 America 1 of 125 examples of Giugiaro's glamorous open Ghibli. Beautiful condition. 28,000 miles. Great event car. 5-speed, power steering, telescopic tilt. $249,500. Fantasy Junction, sales@fantasyjunction .com; www.fantasyjunction.com. 510.653.7555. (CA) AMERICAN 1941 Cadillac 60 Special 3 gauge car. Vin # 451438. Number 1438 out of 4,470. Made for 1965 production US market. 14,783 miles. Motor matching # 741005. Solex carbs with wire mesh OEM air cleaners Has all proper sheet metal with carb heaters complete. Asking $14,500. Call Steven at 818.703.6584. 1967 Porsche 912 S/N 2053. Desirable and competitive car. $200,000 in Epifani Restoration receipts. Eligible for all events. FIA Historical Technical Passport. Includes spare engine 32067. Fantasy Junction, sales@fantasyjunction.com; www.fantasyjunction .com. 510.653.7555. (CA) 1970 Maserati Ghibli 4.7 Spider Reported 1 of 16 built for racing! Never raced. Non-restored ORIGINAL RPO-579 high performance, RPO-687 brakes. Full documentation with original title. Service history, survivor, 3 owners. 4-speed, posi, close ratio, two tops. Must see to appreciate! $129,000. Email busybob60@hotmail.com or call 248.202.5095. 1972 Chevy Nova Viper Red PPG Paint. Frame off restoration, new interior, supercharged 355 4-bolt, TH350 transmission. With Hurst shifter, power steering, disk brakes 12 Bolt Posi with 4.11 New BFG's and wheels $23,500. Call Jerry at 602.956.5552 (AZ) 1940 Coachcraft “Yankee Doodle” Roadster S/N 0315AL. 1 of 12. Beautifully restored in original color. Interesting history. 3300 running gear. Great event car. $445,000. Fantasy Junction, sales@fantasyjunction.com; www.fantasyjunction .com. 510.653.7555. (CA) 1980 Ferrari 512BB Standard transmission. This car has had a complete professional restoration including burgundy leather interior. Gorgeous black car. Call Russ at 412.638.2152 (PA) 1963 Chevrolet C-10 stepside pickup One-of-a-kind custom Roadster by Coachcraft, LTD of Hollywood, CA and finished by Frank Kurtis for the 1952 Motorama at the Pan Pacific Auditorium. Regarded as one of the very first true American sports cars. Ford Flathead V8; very fast and nimble. Meticulous Bob Mosier Restoration, unquestioned provenance. $300,000. Call 818.829.7440 or see more information www.1940CoachCraft.com. All matching numbers, 5 speed transmission. Since restoration, this has only been an occasional sunday driver, so very few miles. Factory hounds tooth interior. Comes with partial factory tool kit and restored jack. All factory manuals records going back to 1971. Call Steven at 818.703.6584. 1988 Porsche 911 Cabriolet M491 Porsceh Certified, only 108 produced, all maintenance records, never raced, excellent body, mechanics. Triple black. Call 419.944.5704 1989 Porsche 911 Carrera Targa 81 of 145, highest quality build, supercharged L-67, 1000 miles, track day and Lotus 7 style windscreens on interchangeable cowls, call for CD and complete specs. 918.397.3456. ♦ S/N 4629. Strong presentation. Great to drive. Restored in rare original color. Matching numbers, SV rears, A/C. $475,000. Fantasy Junction, 108 This extremely rare 1948 Chrysler Town & Country Convertible has received an “over the top” full restoration. This vehicle is finished in Catalina Tan Paint with red leather and taupe Bedford Cord Sports Car Market Two US owners since 1984. Beautifully cared for always. FAF engine rebuild at 35k miles, now has 40k miles. Red, original black leather. A very clean car that is fully sorted and ready to enjoy. $98,000/ offer. Matthew L. deGarmo Ltd. 203.852.1670 website: www.deGarmoLtd.com. 1970 Lamborghini Miura S RACE Brunton 6cyl, 3-speed floor shift, runs great, has rust. Fun truck - use for work or play while you restore. $2,950 Call Sam at 410.271.5465 (MD) 1948 Chrysler Town and Country convertible

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RESOURCE DIRECTORY Advertise in the SCM Resource Directory. Call 877.219.2605 x222 for information, e-mail: scmadvert@sportscarmarket.com. Auction Companies Artcurial-Briest-Poulain-Le Fur. 33.1.4299202, 33.1.42292021. Maison de vente aux enchères, 7, Rond-Point des Champs Elysées, 75008 Paris. artcurial@auction.fr www.artcurial. com. (FR) 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 and record-setting Scottsdale Auction in January. www.goodingco.com. (CA) H&H Classic Auctions. +44 8458 Barrett-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 watch 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 & Butterfields. 415.391.4000, 415.391.4040. 220 San Bruno Avenue, San Francisco, CA 94103 www.butterfields.com. (CA) Branson Collector Car Auction. 800.335.3063, 417.336.5616. 1316 W. Hwy. 76, Suite 199, Branson, MO 65616. www.bransonauction.com. (MO) RM Auctions, Inc.. 800.211.4371, 519.351.1337. 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, UK. 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) Carlisle Collector Car Auctions. 717.243.7855, 1000 Bryn Mawr Road, Carlisle, PA 17013. Spring and Fall Auctions. High-line cars cross the block. Hundreds of muscle cars, antique, collector, and special-interest cars, trucks, and motorcycles. Real Cars. Real Prices. www.carlisleauctions.com. (PA) eBay Motors. List your car for sale for only $40 and pay $40 more when it sells. Visit the “Services” section on www.ebaymotors.com for more details. www.ebaymotors.com. Russo and Steele Collector Au- tomobile Auctions. 602.252.2697, 602.252.6260. Specializing in the finest European sports, American muscle, hot rods and custom automobiles; Russo and Steele hosts two record breaking ALL RESERVE 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. (AZ) www.russoandsteele. com. (AZ) Gooding & Company. 310.899.1960, 310.899.0930. Gooding & Company offers its international clientele the rarest examples of collector Santiago Collector Car Auctions. 405.475.5079, 501 E. Britton Rd., Oklahoma City, OK 73114. Rocky: rockydb5@sbcglobal.net. (OK) 334455, +44 8458 334433. The Motor House Lyncastle Road Warrington England. WA4 4BSN www.handh. co.uk. (UK) The Mecum Collector Car Auction- eers. 815.568.8888, 815.568.6615. Auctions: Kissimmee, Kansas City, Indianapolis, St. Paul, Bloomington Gold, Des Moines, Columbus and Chicago. “Mecum Auction: Muscle Cars & More” on Discovery Network's HD Theater. www.Mecum.com 950 Greenlee ST, Marengo, IL 60015 www. mecumauction.com. (IL) Palm Springs Auctions Inc. Keith McCormick. 760.320.3290, 760.323.7031. 244 N. Indian Canyon Dr., Palm Springs, CA 92262 www. classic-carauction.com. (CA) Worldwide Group. 866.273.6394, Established by John Kruse and Rod C. Egan, The Worldwide Group— Auctioneers, Appraisers and Brokers —is one of the world's premier auction houses, specializing in the procurement and sale of the world's finest automobiles and vintage watercraft. www. wwgauctions.com. (TX) Tom Mack Classics. 888.TOM. MACK, PO Box 1766, Indian Trail, NC 28079. Three annual auctions in Charlotte, NC: April, September, and January. Selling Southern muscle, collector, and antique cars with experience and integrity for 24 years. North Carolina auction license 4017. www.tommackclassics.com. (NC) Alfa Romeo Jon Norman's Alfa Parts. 510.524.3636, 1221 Fourth Street, Berkley, CA 94710. Large selection of parts from 1900 series to Milano. Efficient, personal service. 510.525.9435. (CA) American Gooding & Company. Legendary Collector Cars. 615.848.0035, Legendary Collector Cars provides you with photos, videos and entertaining stories about the cars that you used to drive in High School, the show cars you dream about and the Muscle Cars you lust over. We bring you the cars you won't see any where else. Rat Rods to Vintage Race Cars. We also take you on tours of Car Museums, Speed Shops, Race Tracks and those Special Events all over the Country. We even take you along as we drive some back roads of America. http:// www.legendarycollectorcars.com. 310.899.1960, Gooding & Company's experts are well qualified to appraise automotive and collectible estates. Whether it is the creation of a foundation, living trust, or arrangement of a charitable donation, we are able to help you. www.goodingco.com. www.goodingco.com. (CA) American muscle. www.-legendarymotorcar.com. Shelby American Automotobile Silver Auctions. 800.255.4485, 2020 N. Monroe, Spokane, WA 99205. silver@silverauctions.com. www.silverauctions.com. (WA) Club. 860.364.0449, 860.364.0769. PO Box 788, Sharon, CT 06069. Over 5,000 members, 50 regions throughout the world. Dedicated to the care and preservation of the cars that Carroll Shelby produced. Two national conventions a year, semi-annual magazine, bi-monthly newsletter as well as a registry. (CT) Appraisals Auto Appraisal Group. 800.848.2886, Offices located nationwide. Pre-purchase inspection service, insurance matters, charitable donations, resale vales, estates, expert witness testimony. On-site inspection. Certified, confidential, prompt, professional. “Not just one man's opinion of value.” See web site for locations and service descriptions. www.autoappraisal.com. California Dream Cars Apprais- als. 888.314.3366, Over 30 years experience in Southern California appraising classic, antique, special interest, muscle and custom to current-year models. Specializing in pre-purchase inspections, stated value insurance appraisals, insurance disputes, and expert witness testimony. For more info, visit our web site. www.caldreamcars.net.. (CA) USAppraisal. 703.759.9100, Over Legendary Motorcar Company. 905.875.4700, North America's premier muscle car center, specializing in restoring and trading the finest and rarest American muscle cars. We are the home of Speed TV's “Dream Car Garage.” We are a professional, discreet, and fair buyer for your quality 25 years experience with collector automobiles, available nationwide. David H. Kinney, ASA (Accredited Senior Appraiser, American Society of Appraisers). dhkinney@usappraisal. com toll free: at 800.872.7772 www. usappraisal.com. (VA) Automobilia Steve Austin's Automobilia & Great Vacations. 800.452.8434, European Car Collector tours including Monaco & Goodwood Historics, private collections, and car manufacturers. 110 Sports Car Market

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Automobile Art importer of legendary artists Alfredo de la Maria and Nicholas Watts. www.steveaustinsgreatvacations.com. Buy/Sell/General 1978, offering restoration and sales of classic European sports and touring models from pre-war through 1960s. Successfully brokering MercedesBenz, Ferrari, Porsche, Jaguar, BMW, Alfa Romeo. Guidance given with emphasis on building long-term relationships. Sales Manager Alex Finigan: Alex@paulrussell.com www.paulrussell.com. (MA) 2shores International. 920-945- 0450, 920-945-0450. International marketing services for collector cars. New Showroom in the US! Take advantage of our experience in the global collector market. Based in Wisconsin, working worldwide. Connecting buyers and sellers of collectible automobiles in a global marketplace since 1990. We put our market knowledge to work for you. Call Jurgen today! http://www.2shores-classics.com/kontakt_us.html. (WI) Collector Car Insurance trar: 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. (OR) Grundy Worldwide. 800.338.4005, Specialty Car Source. ^Specialty- CarSource.com is the premier source for buying and selling classic and modern specialty cars. List your car for 12 weeks for only $19.95. Dealers can list an unlimited amount of inventory for one low fee. Visit www.specialtycarsource.com today. www.SpecialtyCarSource.com. With 60 years of experience in servicing and preserving the collector vehicle hobby, Grundy provides “The Gold Standard” of insurance, offering the most options to you: Agreed Value, No Model Year Limitation, Unlimited Mileage, and coverage options for Spare Parts, Trip Interruption, Towing and Labor Costs, Inflation Guard, and Auto Show Medical Reimbursement. Fast, immediate quotes. www.grundy. com. (PA) Aston Martin of New England. 781.547.5959, 85 Linden Street, Waltham, MA 02452. Proudly appointed Aston Martin Heritage Dealer for the USA. New and pre-owned Aston Martins are our specialty. Please contact us when buying, selling or restoring. www.astonmartin-lotus.com. (MA) AUTOSPORT DESIGNS, INC . Heacock Classic. 800.678.5173, We Brighton Motorsports. 480.483.4682, Brighton Motorsports, Scottsdale Arizona is a unique dealership specializing in Vintage European and American Collector Cars with their Sales/Showroom and Mechanical Repair facility in the heart of Scottsdale's legendary auction arena. They also have a state of the art paint & body shop specially equipped to do all levels of repair and restoration just down the road, creating a one stop shop for the avid car enthusiast. www.brightonmotorsports.com. (AZ) The Bridgehampton Motoring Club. 631.537.5001, The Bridgehampton Motoring Club is unlike any collector car parking and storage facility in the nation. We provide 24 hour key card access, humidity and temperature control, comprehensive video security, epoxy floors, tasteful lighting, rare automobilia, and most importantly services: Pick-up and delivery, battery maintenance, bi-weekly mechanical integrity routines, and detailing. Every member of BMC has unfettered access to their collection. Finally, the perfect way to enjoy your passion. www. bridgemc.com. understand the passion and needs of the classic car owner; agreed value, one liability charge, 24-hour claim service and paying by credit card. We provide classic car insurance at rates people can afford! Instant quotes at www.heacockclassic.com. www.heacockclassic. com. (FL) Motor Sport Personal Accident Coverage. 441.297.9439, 441.296.2543. Email, mcooke@evolution.bm. Limits up to $1,000,000 including accident medical and helicopter evacuation. Comp Capital Ltd. can obtain coverage at competive rates including drivers over the age of 65. Either 12 month policy covering a whole season and or for specific events. Please contact Mark Cooke and or Kevin Way. Collector Car Storage Classic Showcase. 760.758.6199, 760.758.0600. sales 760.758.6100.Fullservice restorations. Creating show winners in a world-classic restoration facility. Specializing in European classics. Superb fit; attention to detail; great craftsmanship. “Where great cars achieve perfection.” Located in San Diego County. sales@classicshowcase. com www.classicshowcase.com. (CA) Legendary Motorcar Company. 905.875.4700, North America's premier muscle car center, specialized in restoring and trading the finest and rarest American muscle. Our 55,000 sq. ft facility and 100 car showroom is the ultimate car heaven and the home of Speed TV's “Dream Car Garage.” www.legendary-motorcar.com. Woodies USA. 480.694.7929, We buy and sell great woodies - hundreds to date. If you are buying or selling give us a call. We can help. Woodies are fun! Every car collection should have at least one. Located in Scottsdale, Arizona. www.woodiesusa.com. (AZ) Classic Car Transport Motor Auto Express, Inc.. 360.661.1734, Enclosed Transport. MAX cares for what you care for. We offer Personal, Private, Professional services with liftgate loading for your vehicles. Please contact Randy McKinley, Owner. maxiet@gmail.com. (WA) The Bridgehampton Motoring Club. 631.537.5001, The Bridgehampton Motoring Club is unlike any collector car parking and storage facility in the nation. We provide 24 hour key card access, humidity and temperature control, comprehensive video security, epoxy floors, tasteful lighting, rare automobilia, and most importantly services: Pick-up and delivery, battery maintenance, bi-weekly mechanical integrity routines, and detailing. Every member of BMC has unfettered access to their collection. Finally, the perfect way to enjoy your passion. www. bridgemc.com. Paul Russell and Company. 978.768.6092, 978.768.3525. Since English AC Owner's Club Limited. 503.643.3225, 503.646.4009. US RegisDecember 2009 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) 631.425.1555, All models welcome, regardless of age since new inevitably become old! Routine servicing - Complete mechanical restoration/rebuilds - Cosmetic repair/paintwork to complete frame-off restorations – Large inventory of parts. All services as well as our current inventory of automobiles for sale can be seen at www.autosportdesigns.com. www.autosportdesigns. com. (NY) Doc's Jags. 480.951.0777, 480.951.3339. Restoration Center 623.869.8777. 23047 N. 15 Lane, Phoenix, AZ. 85027. The world's BIGGEST and BEST Jaguar Web site. #1 in Jaguars WORLDWIDE. Largest inventory of all models. Ask for “DOC.” Email doc@docsjags.com www.docsjags. com. (AZ) Lotus Motorcars of Long Island. 631.425.1555, Factory authorized Lotus dealer. All models welcome, regardless of age. All services as well as our 111

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RESOURCE DIRECTORY Advertise in the SCM Resource Directory. Call 877.219.2605 x222 for information, e-mail: scmadvert@sportscarmarket.com. current inventory of new & pre-owned automobiles for sale can be seen at www.autosportdesigns.com. www. autosportdesigns.com. (NY) Ferrari/Maserati/Lamborghini Mercedes-Benz Classic Center. Carobu Engineering. 949.722.9307, 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 www. carobu.com. Randy Simon. 310.274.7440, 310.274.9809. I constantly collect and sell all Ferraris, Maseratis, and Lamborghinis. If I don't have what you seek, I can usually find it for you (at low prices). Please call anytime for straight advice on the market. Finder's fee gladly paid. simonrandy@aol.com (CA) VeloSpace. 408.441.7788, Velo- ceSpace (408) 441-7788 “Specializing exclusively in rubber and upholstery products for Ferrari, Lamborghini, Alfa Romeo, and Maserati; we also stock classic M-B and Porsche. Our source is the original Italian factory that manufactured these parts for your car in the ‘50s and'60s, hence our products' perfect fit and quality. Visit our website at www.velocespace.com, or e-mail us at info@velocespace.com for more information. www.velocespace.com. Garage/Tools Baldhead Cabinet Company. 877.966.2253, Offering a fine selection of quality metal garage cabinets suitable for shop and residential garage applications. SS and custom colors available. Many modules to choose from. Call for a custom quote and drawing. See ad in this issue. www. baldheadcabinets.com. (CA) German WeatherTech® Automotive AcClassic Showcase. 760.758.6199, 760.758.0600. sales 760.758.6100.Fullservice restorations. Creating show winners in a world-classic restoration facility. Specializing in European classics. Superb fit; attention to detail; great craftsmanship. “Where great cars 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 All-Weather 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 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. http:// www.mbclassiccenter.com/. (CA) Import/Export Cosdel. (415) 777-2000, (415) 543- 5112. Don't puzzle over your shipping needs. We are your solution.Martin E. Button, Inc./Cosdel International Transportation 55 New Montgomery Street San Francisco, CA 94105 info@cosdel.com The Import-Export Expert www.cosdel.com. (CA) Inspections achieve perfection.” Located in San Diego County. sales@classicshowcase. com www.classicshowcase.com. (CA) every make and model. To see and buy everything, go to WeatherTech.com. www.WeatherTech.com. Restoration—General European and classic cars. Complete structural and body reconstruction, upholstery, world-class paint/refinishing, engineering, prototyping and mechanical services. Transport and logistical services available. www.healeywerks. com. (IA) Carobu Engineering. 949.722.9307, 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 www. carobu.com. Sports and Competition Morris and Welford. 714.434.856 2/203.222.3862, We operate an international specialist historic car consultancy and brokerage company based on both the East/West Coasts of the US and the UK offering specialist brokerage services of important historic cars to buyers and sellers throughout the world. www.morrisandwelford.com. (CA/CT/United Kingdom) Doc's Jags. 480.951.0777, 480.951.3339. Restoration Center 623.869.8777. 23047 N. 15 Lane, Phoenix, AZ. 85027. The world's BIGGEST and BEST Jaguar Web site. #1 in Jaguars WORLDWIDE. Largest inventory of all models. Ask for “DOC.” Email doc@docsjags.com www.docsjags. com. (AZ) Automobile Inspections LLC.. 860.456.4048, “When you need the job done right.” The nation's premier provider of pre-purchase inspections on classic, exotic and specialty cars of any year, anywhere in the USA or Canada. Fast 72-hour turnaround! Hartford, CT. www.automobileinspections.com. (CT) Parts and Accessories RM Auctions, Inc.. 800.211.4371, Legendary Motorcar Company. 905.875.4700, You may have seen our award winning, show quality restoration. Our 55,000 sq ft facility is specialized in extreme high-end restorations of rare American muscle cars. www. legendary-motorcar.com. (ON) 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, UK. 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) Vintage Events Griot's Garage. 800.345.5789, The ultimate online store for automotive accessories and car care products. www. griotsgarage.com. (WA) Performance Restoration. 440.968.3655, High-quality paint, body, mechanical service. Discreet installation of a/c, cruise control, superchargers. Stock restorations done to exacting standards. Clean, well-equipped shop. Near I-90 since '96. We finish your projects. supercharged@alltel. net. (OH) Muscle Car 1000. 949.838.7076, October, 2009. This six-day luxury tour of Southern California includes exceptional muscle cars, exclusive activities, exquisite dinners, premium hotels, great friends, and fine wine. We're covering Orange County, San Diego, Palm Desert, Lake Arrowhead, Beverly Hills, and a great deal in between. Reserved for 1964-73 American muscle cars, 1962–68 Cobras, 1955–73 Corvettes. Apply early, as space is limited. www. musclecar1000.com. (CA) ♦ The Healey Werks. 800.251.2113, 712.944.4940. Premier automobile restoration company specializing in exotic, 112 Sports Car Market

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Carl Bomstead eWatch Ouch! Slick $72 Repop Oil Can Makes $1,652 Paperweight masquerades as hood ornament, 1916 Hawaii license plate is worthy project, rare models pull in big bucks, and where's my watch? Thought Carl's The Schlumpf brothers, in the confines of their textile empire in Mulhouse, France, accumulated an unparalleled automotive collection that included over 100 Bugattis. The business was neglected and floundering when, in March 1977, the disgruntled textile workers took possession of the famed collection. The brothers fled to their native Switzerland with Fritz taking the Rembrandt Bugatti-designed elephant hood ornament from the Type 41 Coupe Napoleon as a remembrance of their prior glory. The mascot was part of collecting lore until recently when the estate of Mme. Schlumpf offered the mascot at the Etude Gasser Audhuy auction and it brought a staggering €238,000 ($387,600). Here are a few items that aren't as pricey but still interesting: EBAY# 19033341452—SUPER EBAY #270454305326— 1933 BUGATTI T50 POCHER MODEL. Number of Bids: 3. SOLD AT: $970. Date Sold: 9/16/2009. This 1:8-scale model was in its original packaging and had never been opened, although one potential bidder requested a picture of the contents. These are very complex and highly detailed models and not a bonding project with your five-year old. INDIANA MOTOR OIL QUART CAN. Number of Bids: 24. SOLD AT: $1,652. Date Sold: 9/13/2009. Interesting previously unknown can that was offered by a U.K. seller who claimed he bought it at a U.S. auction some ten years back. But wait… the same can with identical scratches and other markings was sold on eBay two weeks earlier by a Belgium seller for €49, or about $72—eBay listing 160350590046. Creative writing aside, this can looks and smells like a fakey-doo, and the buyer is, unfortunately, stuck with a fantasy can that is not worth the cost of shipping it from the U.K. EBAY 380154428969—TROY RUTTMAN “AGAJANIAN SPECIAL” TOY #98 INDY RACER. Number of Bids: 16. SOLD AT: $4,046. Date Sold: 9/10/2009. This 1950s highly detailed 18″ race car was offered for a very short time, as the Ruttman and Agajanian names were not properly licensed. A court order required later versions to be marked “Champion Racer.” It was manufactured by Yonezaw and was in “played-with” condition, with the reds rather faded. It did have the original Sanyo tires, and the driver's helmet—often missing—was in place. A desirable and rare toy that commanded serious money. EBAY #120462139928— FORD OVAL PORCELAIN NEON SIGN. Number of Bids: 8. SOLD AT: $3,159. Date Sold: 8/30/2009. This iconic Ford oval sign was six feet long and three feet high, single sided, and appeared to be in decent condition. The Ford boys are not known for spending much for stuff to go with their cars, but this sign sold for the going rate. I just hope it makes it to its new home with the neon in one piece. EBAY #350241410444—GOODYEAR AKRON HOOD ORNAMENT. Number of Bids: 14. SOLD AT: $278.98. Date Sold: 9/19/2009. This badly tarnished little blimp was marked Akron Goodyear on both sides. It was about 4½″ long and there was no obvious way of attaching it to a radiator cap. I have had a couple Goodyear blimp mascots, and they were not anything like this, so I'm so willing to bet this was a paperweight rather than a hood ornament. EBAY #170380703111—1935 PACKARD PRESENTATION HAMILTON WATCH. Number of Bids: 32. SOLD AT: $455. Date Sold: 9/14/2009. This 14k gold, 19-jewel, Hamilton pocket watch was complete with the presentation case and box. The Packard logo was on the face of the watch and the false back opened to display the inscription identifying the salesman who was honored for ten years of loyal service. 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 POSTMASTER paid at Portland, OR, and at additional mailing offices. Subscription rates are $58 for 12 monthly issues in the US, $78 Canada/Mexico, Europe $88, Asia/Africa/Middle East $98. Subscriptions are payable in advance in US currency. Make checks to: Sports Car Market. Visa/MC accepted. For instant subscription, call 24-hours 800.289.2819, 503.261.0555; fax 503.253.2234; www.sportscarmarket.com. 114 Send address changes to: Sports Car Market PO Box 4797, Portland, OR 97208 CPC IPM Sales Agreement No. 1296205 Sports Car Market EBAY #270456054407— 1916 HAWAII LICENSE PLATE. Number of Bids: 8. SOLD AT: $760. Date Sold: 9/20/2009. About a third of this plate had rusted away and someone had made a clumsy attempt to rebuild it with acrylic. They did not even come close to matching the blue paint. These were issued by the County of Hawaii rather than the Territory of Hawaii, which did not issue plates until 1922. At first glance this looked like silly money, but only about 25 of these rare plates are thought to have survived, which accounts for the surprising amount paid for a trashed plate. A worthy restoration project.