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Sports Car Market Blown 1926 183 Cars Rated By Our Experts Keith Martin’s The Insider’s Guide to Collecting, Investing, Values, and Trends Type 39A $1.2m ’60 356 Bargain at $88k? Ex-Works Mini Maxes at $197k Ferrari Dino Continues the Climb at $138k Five Years in the Slammer for Classic Car Dealer www.sportscarmarket.com July 2007

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Sports Car Market Keith Martin’s The Insider’s Guide to Collecting, Investing, Values, and Trends 50 Dino—nothing beats style 58 July 2007 . Volume 19 . Number 7 Type 39A—race-ready and willing 60 Super 90 Roadster IN-DEPTH PROFILES What You Need To Know 50 1972 Ferrari Dino 246 GT What really drives Dino prices. by Steve Ahlgrim 54 1964 Mini Cooper 1275S Works Rally George Washington’s Cooper S. By Paul Frost 58 1926 Bugatti Type 39A Grand Prix Supercharged price for a working racer. Donald Osborne 60 1960 Porsche 356B Super Roadster Porsche’s sensible Speedster. Jim Schrager 64 1953 Muntz Jet The Mad Man’s masterpiece. by Bill Warner 66 1962 Lotus 25 F1 After Chapman’s 25, racing would never be the same. Thor Thorson GLOBAL AUCTION COVERAGE 183 Cars Examined and Rated at Six Sales 70 RM Auctions, Marshall, TX Gene Ponder’s Collection brings $11.7m in the Lone Star State. Greg Riley 84 McCormick, Palm Springs, CA 61% sell-through at the 42nd Exotic Car Show & Auction. Carl Bomstead 96 Motley’s, Richmond, VA Government-seized collectibles spearhead a $2.5m haul. William C.W. “Chip” Lamb 102 Shannons, Melbourne, AUS A one-off Benz commands $275k at the Motor Show Auction. John Clucas 112 O’Gallerie, Portland, OR Low-mileage motorcycles bring $151k. Bill Neill 116 Bonhams & Butterfields, Brookline, MA Molsheim star leads the pack at nearly $1.2m. Donald Osborne 122 eBay Motors Cover photograph: Sean Smith Everything you need to take the checkered flag. Geoff Archer

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44 Copperstate 1000 46 Essen 52 Sheehan—Ferrari hot rods www.willbrewster.com COLUMNS 10 Shifting Gears I recognize that sound Keith Martin 34 Affordable Classic When Audi brought a gun to a knife fight Rob Sass 36 Legal Files The Judge fires back at B-J John Draneas 52 Sheehan Speaks Making your Ferrari faster Michael Sheehan 56 English Patient All Minis, great and small Gary Anderson 62 Porsche Gespräch What makes your Porsche valuable? Jim Schrager 132 Motobilia This Polly’s a real cracker Carl Bomstead 134 Bike Buys Thinking big: Laverda’s 750 Paul Duchene 146 eWatch FDR’s still popular, but Michael Waltrip’s been banished Carl Bomstead FEATURES 40 Call in the Club: Using the Internet as a Buyer’s Assistant 42 Swindled: Peter Brotman Gets Five Years 44 Copperstate 1000: Happiness is an Open Road 46 Essen: Techno Classica is Big, Really Big 48 Coppa Milano: Lamborghini in Your Mirrors DEPARTMENTS 12 Crossing the Block / Auction Calendar 14 The Inside Line 18 You Write, We Read 20 Display Advertisers Index 26 Neat Stuff 28 Icons: Becker Mexico, Escort Radar Detector 32 Our Cars: 1969 Chrysler 300 Convertible, 1954 Chevrolet Corvette Roadster, 1976 Porsche 912 35 20 Year Picture 77 Glovebox Notes: 2007 Mitsubishi Galant Ralliart, 2007 Suzuki SX4 88 Alfa Bits 100 Museum Spotlight: Towe Auto Museum 129 Fresh Meat: 2007 Chevrolet Corvette Z33 “Ron Fellows Edition,” 2007 Ford Shelby GT, 2007 Lotus Exige S 130 Automotive Investor: Economics of the hobby 136 Mystery Photo 137 Comments with Your Renewal 137 Wagon Ho! 138 Showcase Gallery 141 Crossword Puzzle 142 Resource Directory

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Shifting Gears Keith Martin Knock, Knock, Knockin’ on Conrad’s Door F or those of us afflicted with old car mania, there’s a sure way to tell when good weather has arrived. The pile of repair bills on our desks immediately begins to grow. Despite the fact that we’ve had all winter to attend to the vari- ous needs of our steeds, the minute we actually want to use them, all sorts of new things crop up that cry out for attention. Some of them are minor, like new door seals on the SCM 1968 BMW 2002, or rear seatbelts in our 1978 911SC. Others are more dramatic, as is the case with our 1965 Alfa Giulia Spider Veloce. Last week, my 15-year-old daughter Alex and I were driving the Alfa across the I-405 bridge, on the way home from her lacrosse game. She was behind the wheel, both worried by the SUVs that loomed along side her and thrilled by the terrific sounds the Alfa made as she ran it to a conservative 5,000 rpm in every gear. This was the car we had sold in 1991, S/N AR 390290, and then bought back two years ago. Alfa guru Conrad Stevenson, in Berkeley, CA had ministered to the car, giving it nearly a complete overhaul, from rear suspension to water pump, as he played catch-up with 15 years of less-than-routine maintenance. When we took delivery, he mentioned that the oil pressure was a little bit on the low side, but since we had already spent $14,000 taking care of everything else on the list, he thought we could probably just live with it and keep an eye on the gauge. Alfas are unusual in that they have both oil pressure and temperature gauges (a practice discontinued with the advent of the Duetto in 1966), and it is informative to watch the contrapuntal movement of the needles, the pressure dropping as the temperature goes up. The weather was sunny and hot that day as Alex and I crossed the bridge, and the oil temperature rose past 190 degrees. I noticed the oil pressure was dropping significantly below the “ten pounds per 1,000 rpm” that conventional Alfa wisdom deems the minimum necessary. Dumbest thing ever done to a GTC Not that sound again And then, faintly, I heard the Alfa death rattle. A metallic knocking sound from deep in the engine, barely perceptible at 2,000 rpm but growing in intensity as the rpm increased. I thought back to the time I first tossed a rod in a sports car. It was in 1968, and I was trying to drive my 1958 MGA convertible from San Francisco to the Democratic National Convention in Chicago (the car was only ten years old, and already completely worn out). I had recently rebuilt the engine, and a friend and I were planning to bring Bay Area flower power to the Windy City. After a day of cruising at 90 mph across Nevada, somewhere in the middle of the desert we heard a huge, very bad sound, and the MG coasted to a halt, leaving a long trail of oil behind it. I had never seen an engine block with a hole in the side of it before, and while I wasn’t exactly sure what had happened, I knew the fact that I could see the connecting rods poking out wasn’t a good sign. The second time a rod let loose in one of my cars was my 1959 Alfa 10 Let’s keep the rods inside the block this time Giulietta Spider Veloce. It was 1972, and I was late to an Intellectual History class at Reed College. I was running at around 7,000 rpm, and just as I went into the Woodstock curves, I heard that now-recognizable sound again, only this time accompanied by a clang as a bit of connecting rod perforated the inner fenderwell on the Alfa. Proving that the world is a very small place, Jon Norman, then of Griswold’s and now of Jon Norman’s Alfa Parts in Berkeley, came up with a suitable replacement block, and left it outside the back door of his office for me to pick up after hours. In those days, whether it was stamped veloce or normale was irrelevant. My final close encounter of the wrong kind with a connecting rod came when I was competing in an Alfa Club time trial at Portland International Raceway, circa 1986. I had race-prepped my Giulia GTC convertible, a profoundly stupid move, taking a car hundreds of pounds heavier than a stock GTV, with a much more flexible chassis, and trying to be competitive. Nonetheless, I was closing in on top time in my class, and my desire to win the cheesy five-dollar trophy caused me to ignore a deep pounding sound at 7,500 rpm. I was going about 100 mph entering turn one when the rod let go. A post-mortem diagnosis revealed that the rods had been stretching, and the sound I had heard was the pistons hitting the head, just a little at first, but with more intensity each lap. Call the hauler So when I heard that fateful sound from my Spider Veloce, I knew immediately what was going on, and that if I wanted to keep the rods in the block, this would be our last drive for awhile. I didn’t want to take Alex out of her DOHC reverie, so let her drive the five miles home without saying anything. A call to Conrad was next, and he graciously offered to fast-track the bottom end repairs. After all, it is summertime, the season for which our old cars live, and I’d like to get it back on the road as soon as possible. A car hauler just picked it up to take it from Portland to Berkeley. Looking on the bright side, Alex and I are planning to take the train to Berkeley when the Alfa is done, and have a father-daughter road trip through the Sierra Nevadas and Eastern Oregon to bring the car home. With any luck, this should be the last bottom-end job this Alfa has for the next two decades, if we keep driving it 3,000 miles a year and changing the oil frequently. SCM’s controller, Jimmy Carter, wants to know how much I estimate the repairs will be. I’ve replied, “These aren’t repairs, this is an investment.” Corvette Market magazine A new magazine will join the SCM stable in September. Titled “Keith Martin’s Corvette Market,” it will bring the same type of analysis, fact-finding, humor, and just plain pleasure to those who love Corvettes, as SCM currently offers to its readers. There will be a familiar combination of auction reports and profiles, along with market overviews by dealers and auction companies, and a comprehensive, regionalized event calendar. For more information, see our advert on p. 83, or go to www.vettemarket.com.u Sports Car Market

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Crossing the Block Jim Pickering Column Author Bonhams & Butterfields— The Jack Hogan Collection Where: Aurora, OR When: June 30 More: www.bonhams.com Jack Hogan’s hangar at the Aurora Airport will serve as backdrop for Bonhams at its sale of Hogan’s collection of Ford cars and memorabilia. Blue Oval headliners will include 1936 and 1937 Type 750 Deluxe phaetons, a 1928 AR roadster, a 1935 Type 710 Deluxe roadster, and a 1936 Type 740 Deluxe convertible sedan. Come join the SCM staff at the reception, as this is literally in our backyard. Silver Auctions—Jackson Hole Auction Where: Jackson Hole, WY When: July 7–8 More: www.silverauctions.com Last Year: 56 cars sold / $971k Held at the Mangy Moose Saloon located at the base of Wyoming’s Teton Range, this annual early July sale is expected to draw consignments from 16 states as well as Canada. Plenty of hot rods will be available, including a chopped and flamed Hemi-powered 1934 Ford ThreeWindow coupe and a flamed 1955 Ford F100 pickup equipped with a 351-ci V8. Kruse International— 4th Annual Classic Car Auction Where: Verona, NY When: July 7 More: www.kruse.com Last Year: 46 cars sold / $1.1m The 20,000-acre Turning Stone Resort and Casino will host Kruse’s annual New York summer sale, which generally draws in the neighborhood of 100 cars. This year’s features are a 1912 Flanders 20 Torpedo roadster with original coachwork, an unrestored 1931 Cadillac V12 all-weather phaeton, a hot rod 1931 Ford roadster, and a 1924 Duesenberg race car project with a hand-hammered aluminum body. Kruse International— 34th Annual Collector Car Auction Where: Denver, CO When: July 20-21 More: www.kruse.com Last Year: 64 cars sold / $983m Kruse’s yearly Colorado sale will again take place at Denver’s Merchandise Mart, and this year’s consignments will include 12 reportedly mechanically sorted. One of many Fords at B&B’s Hogan sale a completely restored 1968 Plymouth GTX 440 convertible, a 1952 Hudson Hornet Hollywood two-door hard top, a 1993 GMC Typhoon, and a Pro-Street 1971 Dodge Challenger with a supercharged Hemi V8. H&H—Kempton Park Racecourse Where: Kempton Park, UK When: July 25 More: www.classic-auctions.com Last Year: 73 cars sold / $1.8m This July event has moved from last year’s venue at the Pavillion Gardens in Buxton to the Kempton Park Racecourse, and leading the sale will be a 1929 Alfa Romeo 6C 1500 Super Sport raced in period as an F.W. Styles team car. It ran in the 1929 Brooklands Double 12, the Irish Grand Prix, and the Tourist Trophy, and was later rebodied with four-seater coachwork. It retains its original Brooklands expansion chamber and its factory temperature gauge, and is Auction Calendar All dates listed are current at time of publication. Contact information for most auction companies may be found in the Resource Directory at the back of this issue. Please confirm dates and locations before attending any event. Email auction info to: jim.pickering@sportscarmarket.com. June 3—CHRISTIE’S Greenwich, CT 4—SHANNONS Melbourne, AUS 8-9—KENSINGTON Bridgehampton, NY 8-10—LEAKE Tulsa, OK 9—RM Lapeer, MI 9—SILVER Seattle, WA 15-17—MECUM St. Charles, IL 16—BONHAMS Northhampshire, UK 16—ICA Hyannis, MA 16—SILVER Coeur d’Alene, ID 18—ARTCURIAL Paris, FR 18-19—BARONS Surrey, UK 19—H&H Buxton, UK 22—BONHAMS Sussex, UK 23—KRUSE Topsfield, MA 23—MECUM St. Paul, MN 23—WORLDWIDE Round Top, TX 30—BONHAMS & BUTTERFIELDS Aurora, OR July 1—BONHAMS & GOODMAN Sydney, AUS 7-8—SILVER Jackson Hole, WY 7—PETERSEN Roseburg, OR 7—KRUSE Verona, NY 11—BRIGHTWELLS Herefordshire, UK 14—ICA Iola, WI 14—CHEFFINS Harrogate, UK 14—COYS Blenheim, UK 20—BONHAMS Tattersalls Newmarket, UK 20-21—KRUSE Denver, CO 20-21—SANTIAGO Oklahoma City, OK 21—KRUSE Midland, MI 23—SHANNONS Sydney, AUS 25—H&H Kempton Park, UK 27—BONHAMS Silverstone, UK 28—MECUM Des Moines, IA 30-31—BARONS Surrey, UK August 4—RM Rochester, MI 9-12—SILVER Reno, NV 11—COYS Nurburgring, DE Sports Car Market 11-12—CODDINGTON Pamona, CA 16—CHRISTIE’S Monterey, CA 16-18—RUSSO AND STEELE Monterey, CA 17—BONHAMS & BUTTERFIELDS Carmel, CA 17—KRUSE Monterey, CA 17-18—RM Monterey, CA 18—CHEFFINS Harrogate, UK 19—GOODING & COMPANY Pebble Beach, CA 26—ICA Deadwood, SD 30-SEPT 4—KRUSE Auburn, IN 31—BONHAMS Sussex, UK Bonhams—BRDC Silverstone Classic Where: Silverstone, UK When: July 27 More: www.bonhams.com This year marks the 25th anniversary of the Porsche 956, and while lots of racers will be on the track for the Silverstone Classic, Porsche cars and automobilia will be featured at Bonhams’s sale. Expect to see everything from street-going 914s to race-prepped 911s, all available to the highest bidder. Mecum Auctions—Des Moines High Performance Auction Where: Des Moines, IA When: July 28 More: www.mecumauction.com Last Year: 86 cars sold / $1m Mecum’s last two Des Moines July auctions had top sales below $35k, so plenty of reasonablypriced Midwest muscle from the Big Three can be expected at this mid-summer tradition.u

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Inside Line Stefan Lombard Column Author Send your news and event listings to insideline@sportscarmarket.com. SCM News entrepreneurship and strategy at the school since 1982 and has twice won the Emory William Award for Teaching Excellence (1996, 2001). His academic credentials include MBA, CPA, JD and PhD degrees. (IL) n Spots are still available The Martins n Born: Bradley McDowell Martin, to Publisher Keith Martin and his wife, Wendie, on May 11 at 12:54 pm. Bradley weighed in at 7 lbs, 10 ozs, and was 20 inches tall. The Martins have already submitted his entry form for the 2023 Rallye MonteCarlo Historique. Send first car suggestions for Bradley to keith .martin@sportscarmarket.com, wmartin@enthusiastmediagroup .com. n “Porsche Gesprach” columnist and University of Chicago professor Jim Schrager delivered the Commencement address at the institution’s Graduate School of Business on June 10. He spoke on the topic “Searching for Strategy.” Schrager has been a professor of for the sixth annual SCM Insider’s Seminar, to be held on Saturday, August 18, 2007, at the Gooding tent in Monterey. Join Keith Martin and SCM’s experts for a morning of close examination of the collector car market, along with field walks to analyze specific models within the Gooding catalog. See the sign-up form on page 99, and visit www. sportscarmarket.com/seminars for more information. n Keith Martin and the editors of SCM are pleased to announce Keith Martin’s Corvette Market, a new quarterly magazine dedicated to America’s sports car and the people who collect them. Look for the CM gang at Bloomington Gold June 14–17, Corvettes at Carlisle August 24–26, and at Corvette Funfest September 21–23. The inaugural issue ships late August, and subscriptions are $29.99. See p. 83 for more information. Passing n Bob Snodgrass, CEO of Brumos Motor Cars and team owner of Brumos Racing, passed away April 24 of an apparent heart attack. Snodgrass was also Vice Chairman of the Grand-Am Sports Car Series and a fixture each year at the Amelia Island Concours d’Elegance. He was 64 years old. n Russell W. Kruse, founder of the Auburn, Indianabased Kruse International, passed away May 4 at age 85. He spent more than 50 years in Porsche will be featured at the 31st Portand Historics News n FedEx Custom Critical Passport Auto Transport has named Diana Crawford its Major Accounts Coordinator. She will address the vehicle transport needs of major collectors and auction companies, and can be reached at 800.325.4267 x2404. (MO) n According to an ar- ticle published in the Arizona Republic, Barrett-Jackson may be considering a move to Las Vegas. Auction company owner Craig Jackson was “shocked” by a recent City of Scottsdale proposal concerning land lease and future facility issues. Scottsdale City Manager Jan Dolan said she was unaware of Jackson’s Vegas plans but was trying to set up another meeting with the auction owner. Jackson said that would probably not be worthwhile. “I don’t need to waste any more time,” Jackson said. In recent days, Jackson has met with Vegas Mayor Oscar B. Goodman, as well as tourism officials. He is reportedly considering public and private venues for a new auction site. (AZ) Events n More than 200 classic Snodgrass Kruse the auction business, presiding over sales of everything from collector cars to real estate, and was known for singing “Back Home Again in Indiana” before every Kruse auction. He is survived by six of his seven children—Dean, Daniel, David, Dennis, Diane Ferriss, and Debbie Shoaff—22 grandchildren, and 19 great grandchildren. Memorials can be made to the WWII Victory Museum, P.O. Box One, Auburn, IN, 46706, Attn: Bob Krafft. 14 racers will take to Portland International Raceway July 6–8 for the 31st Baxter Auto Parts Portland Historic Races, where Porsche is the featured marque. The paddock is open to the public, and races will run daily from 8:30 am to 6 pm. Tickets start at $10, with a three-day package priced at $40. Children under 12 are free. www.portlandhistorics .com. (OR) n Join the Oregon Mini Society in Hood River July 10–12 for Mini Meet West 007. The event will have a concours, swap meet, and autocross, and is open to Minis of all shapes, sizes, and vintages. SCM will be there with its new/old Mini. www.mmw2007.com. (OR) n The inaugural William K. Vanderbilt, Jr. Concours d’Elegance will take place July 27–29 at the Newport Mansions. The show will include four Pebble Beach winners, and Dan Gurney and Sir Stirling Moss will serve as honored guests, with many other racing heroes on hand throughout the weekend. In addition to the concours, highlights include the Legends of Motorsports Dinner on Friday, and the Black and White Ball on Saturday. Concours tickets are $25–$70, gala tickets are $500 to $850. www.newportmansions.com. (RI)u Event Calendar June 30–July 14 Great Race (USA) www.greatrace.com 6–8 All-Chrysler Nationals (PA) www.carlisleevents.com 6–8 Portland Historic Races (OR) www.portlandhistorics.com 10–12 Mini Meet West (OR) www.mmw2007.com 14–15 Golden State Classic (CA) www.vararacing.com 15 Forest Grove Concours (OR) www.forestgroveconcours.org 20–22 New England Concours (VT) www.hemmings.com/events/concours 27–29 Vanderbilt Concours (RI) www.newportmansions.com Sports Car Market Brumos

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Sports Car Market Publisher Keith Martin keith.martin@sportscarmarket.com; 503.261.0555 x 210 V.P. Business Development/General Counsel Rob Sass rob.sass@sportscarmarket.com; 503.261.0555 x 214 Art Director Kirsten Onoday kirsten.onoday@sportscarmarket.com; 503.261.0555 x 202 Executive Editor Paul Duchene paul.duchene@sportscarmarket.com; 503.261.0555 x 206 Managing Editor Stefan Lombard stefan.lombard@sportscarmarket.com; 503.261.0555 x 203 Auction Editor Jim Pickering jim.pickering@sportscarmarket.com; 503.261.0555 x 208 Copy Editors Yael Abel, Kristen Hall-Geisler, Bill Neill Senior Auction Analysts Dave Kinney, Richard Hudson-Evans (Europe), B. Mitchell Carlson Auction Analysts Daniel Grunwald, John Clucas (Australia), Norm Mort (Canada), Joe Severns Contributing Editors Steve Ahlgrim (Ferrari), Gary Anderson (English), Carl Bomstead (Automobilia), 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, Miles Collier, Kathy Donohue, Raymond Milo, Steve Serio, Martin Emmison (U.K.) Information Technology/Internet Bryan Wolfe bryan.wolfe@sportscarmarket.com; 503.261.0555 x 215 Controller Jimmy Carter jimmy.carter@sportscarmarket.com; 503.261.0555 x 205 Financial Manager Nikki Nalum nikki.nalum@sportscarmarket.com; 503.261.0555 x 207 Strategic Planner Bill Woodard Executive Producer, SCM Television Roger Williams Editorial Assistant Jennifer Davis jennifer.davis@sportscarmarket.com; 503.261.0555 x 209 ADVERTISING Advertising Sales Cindy Meitle cindy.meitle@sportscarmarket.com; 877.219.2605, ext. 262 Cody Wilson cody.wilson@sportscarmarket.com; 877.219.2605 ext. 213 Sales and Marketing Coordinator Valarie Huston valarie.huston@sportscarmarket.com; 877.219.2605, ext. 211 SUBSCRIPTIONS Subscriptions Coordinator Nikki Nalum nikki.nalum@sportscarmarket.com; 877.219.2605 ext. 207 To order new subscriptions 800.289.2819 Questions about current supscriptions 877.219.2605, ext. 207, service@sportscarmarket.com, fax 503.253.2234 www.sportscarmarket.com CORRESPONDENCE Fax 503.253.2234 General P.O. Box 4797, Portland, OR 97208 FedEx/DHL/UPS 401 NE 19th, Suite 100, Portland, OR 97232 The information in Sports Car Market magazine is compiled from a variety of reliable sources. However, we disclaim and deny any responsibility or liability for the timeliness, use, interpretation, accuracy, and completeness of the information presented. All material, data, formats and intellectual concepts in this issue © 2007 by Sports Car Market, Inc., Automotive Investor Media Group and Automotive In- vestor in this format and any other used by Sports Car Market magazine. Copyright registered with the United States copyright office. PRINTED IN USA 16 Sports Car Market

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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 Alvis, is that you? When I turned to the “eBay Motors Market Report” (May, p. 126), I was surprised to see the lefthand-drive Alvis, the very first car listed. I am almost certain that I restored this car in the early ’80s—it was the same two-tone blue as the car on eBay. The original owners of the car were Betty Grable and Harry James. I sold it with the original registration card from new, which, as I recall, showed either both names or Grable’s name only. The address was on a famous and wellknown Beverly Hills street. I purchased the Alvis from a rather strange individual for less than $3,000, and the seller insisted on cash. He met me at a Wells Fargo Bank, where he accompanied me to the cashier toting a revolver in his belt. He was handed the cash by the cashier, and I took possession of the car. After restoring and enjoying it for some time, I decided to sell it and consigned it to Don Williams, who then had a store near Santa Monica. One of the employees there accidentally backed it into a post and destroyed the rear bumper.Williams, gentleman that he is, had a new bumper made and asked for no money from me. Alas, he was unable to find a buyer. Subsequently I sold the Alvis (I can’t remember to whom). I saw the car once more, many years later. It was languishing on a fenced lot on Melrose Avenue in Hollywood. The transmission had been removed and an automatic transmission had been crudely installed, leaving a hole in the floor where the stick shifter had been. As I recall, the tires were basically flat, and the description reported in Geoff Archer’s article sounds like it’s in about the same condition as when I last saw it some 15 or more years ago. Ron Pinto, Long Beach, CA In the land of Dixi In your May coverage of Retromobile, (“A Must-do On the To-do List,” p. 41), you incorrectly identified the car in the top photo as a BMW Dixi. It is not a Dixi, although you correctly described the Dixi in your article as being a variation on the British 18 Sir John Black ran the Standard Motor Company and later acquired Triumph in November 1944. Dick instigated the coup that forced his resignation Austin Seven. The car shown in the photo is a BMW 315 or 315/1 (the latter, introduced in 1934, was slightly more powerful than the 315 and very successful in racing). The Dixi was BMW’s first car and was introduced in 1928.—David L. Katz, San Diego, CA Donald Osborne responds: As the photograph attests, it seems we are both correct. The car at Retromobile was identified by BMW as a Dixi 3.15. So I could have called it a 315, but since BMW still considered it a variant model of the Dixi, and was celebrating their anniversary based on that model, I felt it more appropriate to refer to the Dixi. Triumphant string-pullers Regarding the Triumph 1800/2000 roadster story (May, “English Patient,” p. 50), I disagree with what Gary Anderson wrote about Alick Dick. The man he should be referencing is Sir John Black, who ran the Standard Motor Company and later acquired Triumph in November 1944. Dick was also never knighted. However, Dick, who had started as Black’s assistant, was the instigator of the move to have the board demand that the mercurial Sir John resign from the company. Black signed his forced resignation letter on January 4, 1954, and Dick became managing director in the aftermath of the resignation. He was only 37 at the time.—Jonathan A. Stein, Reading, PA Gary Anderson responds: Apologies all around. You are exactly right, as one might expect from the former editor of Automobile Quarterly. My main reference for the company background—Robson’s Triumph Cars: The Complete Story—refers to Sir John Black throughout the discussion of the immediate postwar years at Standard and Triumph. All I can offer as excuse is that as I was writing the story, my brain jumped a cog to the contretemps between Dick and Black, and I substituted Dick’s name for that of Black in every instance. As Mr. Stein reminds us, the palace coup led by Dick is still a point of dissension in the Triumph movement to this day... but that’s another story. Always bet on black Paul Duchene provided great coverage of the MidAmerica motorcycle sale in Las Vegas (May, “Market Report,” p. 118). However, I’d like to point out that the Granada Red 1967 BMW R69S—lot 368 on p. 122—he loved so much did not start out that way. To my knowledge, BMW never built a Granada Red Earles Fork motorcycle. Granada Red, Turf Green, and Midnight Blue (metallic) did not show up on any bike until the run of the 1968–69 U.S.-type bikes with telescopic forks. Most of these were 1969 models. These bikes were painted in BMW car colors of the period and very few still exist that are original. I have a letter from Butler and Smith dated 1979 that was written to the owner of a Turf Green motorcycle who had requested production figures, and this letter confirms my thoughts. BMW moved the plant in 1970 for the production of the /5 model and this also coincides with the time that colors other than Avus Black began to appear. Many people have repainted bikes to Dover White (which was available throughout the /2 production period), as well as Granada (resale) Red. Indeed, there are more of each than BMW ever produced. BMW painted bikes in many colors for police, government, and other services, but the only true way to know if the bike started out that way is to check the archives.BMW archival services are second to none, and if the Certificate of Authenticity was requested for this bike, I’m sure it would state that the motorcycle was originally black. When in doubt, always question an early BMW that is not black. This was a high price ($20,935) for an R69S, however, Tim Stafford does very nice work. There are some excellent restorers who do phenomenal work, but they remain off the radar as they have more work than they can possibly handle due to their expertise in engine, transmission, and mechanical work—the real keys to a healthy early BMW. Restorer of the pre-war bikes remain the busiest, as these bikes demand a healthy dose of mechanical knowledge as well as parts accessibility. Also note that most restorations, including Staffords, are off the chart, as BMW never built a bike that nice. The paint

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Ad Index Aston Martin of New England..............111 Automobilia Monterey..........................139 Autosport Designs.................................115 Bald Head Garage.................................133 Bart Holland BV Restoration Co. .........103 Battery Tender ......................................113 BB One Exports ...................................119 Blackhawk/Auto Collections Inc. ..........71 Blue Highways........................................17 Blue Ridge Sports Cars Inc...................111 Bonhams & Butterfields....................17, 73 Bonhams & Goodman.............................75 Brian D Moore Resorations ..................144 Carlisle Events ......................................101 Christie’s Auction....................................13 Classic Showcase..................................139 Coker Tire ...............................................29 Concorso Italiano....................................27 Cosdel ...................................................139 Corvette Market magazine......................83 Covercraft ...............................................16 Custom Diecast, Inc..............................140 Digit Motorsport ...................................125 Doc’s Jags .............................................138 Ebay Motors............................................21 Exotic Car Transport.............................145 Fantasy Junction......................................67 FECC Passport Auto Transport.............148 Foreign Coachworks, Inc......................113 Fourintune Garage Inc. .........................144 Gevril Watches........................................23 GoFastAuction.com ................................63 Gooding & Company................................2 Griot’s Garage.........................................33 Grundy Worldwide..................................11 Guild of Automotive Restorers.............115 Hagerty Insurance Agency, Inc. ..............15 Heacock Classic....................................127 Hotseat Chassis Inc...............................145 Insider’s Seminar ....................................99 Intercity Lines .........................................35 Italian Car Parts.....................................144 J.J. Best Banc & Co. ...............................81 JC Taylor...............................................109 Kidston ...................................................19 Kruse International............................78, 95 Le Belle Macchine d’Italia......................53 Meguiar’s ..................................................7 Mid America Motorworks.......................37 Miller’s Incorporated ............................145 Motorcar Portfolio ................................105 Park Place Ltd.........................................30 Paul Russell and Company ...................117 Pebble Beach Concours ..........................85 Premier Financial Services ...................147 Pro Team Corvette ................................123 Quail Lodge Resort & Golf Club ..........39 Re-Originals..........................................127 Renaissance Design ................................97 Richard Grenon ....................................144 RM Auctions .......................................4, 43 Ron Tonkin............................................121 RPM Motorbooks..................................144 Russo and Steele .....................................24 Silver Auctions .......................................91 Sonoran Lifestyle Real Estate...............133 Swisvax.................................................127 Symbolic Motors.......................................3 The Conger Street Clock Museum .........89 Ulysse Nardin Watches .............................9 Vanderbilt Concours................................93 Vintage Motors of Sarasota...................125 Vintage Rallies......................................135 VintageAutoPosters.com.......................145 Worldwide Group....................................87 XV Motorsports ....................................107 20 was never as good as we have today, and I’m afraid that all of us are guilty of over-restoration. Anyone wishing to wish to question commercial experts in the field should contact the following: Craig Vechorik of Benchmark Works vechbmw@aol. com; Mark Huggett, GmbH huggett@bmwbike.com; Chris Betjeman of Barrington Motor Works brrngmtrwks@metrocast. net; Kent Holt of Holt BWM (the best BMW painter in the country) info@holtbmw.com; John Landstrom of Blue Moon john. landstrom@bluemooncycle.com; Bob Henig of Bob’s BMW http:// www.bobsbmw.com/jsp/email. jsp.—Tom Bridgers, Richmond, VA Paul Duchene responds: I’ll stand corrected here as my colleague at the auction, who worked on BMWs back in the day and loved the color of the red R69S, thought about your Earles Fork observation and agrees with you. One of the pleasures of writing for SCM is there are always people out there who know more than me, so I’m always learning… Achtung! Halt bloss die Fresse mit SMART. BMW isetta wahr und ist das beste Automobil was uns Gott geschenkt hat.—fiatpandav8 (from SCM’s YouTube channel—www.youtube.com/sports-carmarket) “Hold off the love affair with SMART. The BMW Isetta was and is the best automobile that God has granted us.” Embrace the red mist From Colin Comer’s February 2006 “Domestic Affairs,” p. 62: “Since purchase, Martin has spent approximately $3,000 doing what we all do with a ‘new’ car—deferred maintenance and the ever-present ‘while we are in there’ repairs.” This struck a chord with me. What follows is my basic pre-purchase inspection done, in typical red-mist SCMer style, several months post-purchase. I bought myself an 1989 911 Targa as a self-presented birthday gift last week, 82k on the clock, slate gray/black, for $17k. A good deal until I got it here and found it needed everything 911s usually need—heater blowers, Targa seals, turbo tie rods, and a morethan-usually-annoying driver GT cars had larger alloy fuel tanks with twin fillers, Borrani wire wheels, Perspex rear windows, and a Girling brake system with the omission of a power assist. The combination of features produced a handsome, potent, handmade English muscle car door check fix. This after a quick inspection by the Porsche shop in Minnesota, which had been maintaining the car for the septuagenarian owner the last few years, and two to three months of mulling this one over the other ones that have been coming on and off the market. Add to this my father was a Porsche salesman from ’84–’94, so I am hyper critical of these cars, the colors they come in, and whether or not they have been spoilered—factory or not. At least it doesn’t leak. Not a drop. Goes into the body shop soon to have part of the inner door remade, then for an alignment, then, just in time for summer, I’ll replace the engine bay blower and its fuse in the hopes the footwell blowers will then work. Let’s hope they don’t malfunction and burn me out of there in July. Cheers!— William “Chip” Lamb, West of Sweden SAAB, Richmond, VA DB4 and after I was most interested to read your article about the recently sold Aston Martin DB4GT, 0175L, and its status as the last GT produced (May, “English Profile,” p. 46). The article prompted me to go back to the AMOC Register to review the histories of some of the cars mentioned in the article. In the “Seat Time” side bar, a Whit Ball stated that he had owned two GTs, serial numbers 891 and 862. According to the register, neither of these cars falls into the select group of GT chassis numbers, beginning with DB4GT 101 and ending with 201, including the Zagato-bodied cars. The GT was built upon a shorter, lighter chassis than the standard DB4. Although three cars (DB40126, DB40141, and DB40157) had small back seats. Some standard DB4s were equipped with GT engines (3.7liter, not 3.8, as mentioned in the sidebar), but this does not a GT make. Other modifications incorporated in the GT cars were larger alloy fuel tanks with twin fillers, Borrani wire wheels, Perspex rear windows, and a Girling brake system with the omission of a power assist. The combination of features produced a handsome, potent, handmade English muscle car. In regard to 0175L, we will probably look back upon the price paid as a bargain for a proper DB4GT.— Bob Millstein, DB4GT0156R and DB4892L (factory equipped with a GT engine), Briarcliff Manor, NY See the light Enjoyed the May issue as usual, but shame on you for not knowing that the headlight pods Sports Car Market

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You Write We Read on a mid-year Corvette can be opened manually, unless they are seized from years of disuse (“SCM Garage,” p. 30). There is a “knob,” accessible by hand with some minor difficulty, at one end of each pod. It can be rotated manually until the light unit is fully open. Sometimes a slight turn of this knob will get the electric mechanism working again, at least temporarily. You might get your hands dirty, but that’s the secret.—Alan Andrea, Lake Forest, IL Jim Pickering responds: I never miss a chance to get my hands dirty, so I went down to the garage with SCM’s Managing Editor, Stefan Lombard, as soon as we read your letter. After some blind feeling around and a short search with a flashlight, we found the knobs and were able to rotate each headlamp pod manually. Thanks for the tip. Both lights still open just fine as of now, but it’s nice to know we can get them up when they inevitably decide to ignore our wishes in the future. Stratos memories I wanted to comment briefly on Donald Osborne’s Lancia Stratos article (May, “Etceterini Profile,” p. 52). I was born in Nice in the South of France, where I witnessed some amazing rallies, many of which included the Stratos in its heyday. There was nothing that could touch it. I am always happy to see car manufacturers jump on a prototype and not ruin it, and Lancia did well to preserve Bertone’s futuristic wedge. Thanks much for a well-written story, and for bringing back some fond memories.—Nick Zart, Long Beach, CA Oil notes Gary Anderson’s response in the May issue regarding a question about synthetic lubricants in old cars struck a chord (“You Write,” p. 24). As a member of the Gull Wing Group International (owners and friends of the ’54–’63 Mercedes-Benz 300SL), I have been trying to get someone with technical expertise to discuss the potential problems of using modern oils in these cars. We believe that the reduction or near elimination of zinc compounds (ZDDP) in modern oils came about because of catalytic converter contamination, but that zinc is a critical component to 22 I witnessed some amazing rallies, many of which included the Stratos in its heyday. There was nothing that could touch it. prevent tappet and camshaft wear in cars without followers. What should our owners do? Should we resort to diesel oils, which are very high in detergents and may release five decades of deposits into circulation, or is there a lower detergent alternative that will still suffice to reduce camshaft wear? Are we right in believing that Zinc is the critical component? Are there additives to modern oil that will alleviate the wear problem? Should we be using multi-viscosity oil, and if so, what designation would be appropriate? We would appreciate anyone with expertise to weigh in on this sticky issue.—Wally Buch, Atherton, CA SCM responds: Thanks for the letter, Wally. Yours is a question faced by nearly everyone in our hobby, so we sent it out to the SCM gang of experts. Here is what they had to say…. Thor Thorson, Contributing Editor: We had a huge problem with wiping the lobes off camshafts in our racing engines. We traced it to the new oils that are made to not contaminate catalytic converters. The solution is simple. Go buy a bottle of Torco MPZ “Magnetic Friction Reducer” (www.torcousa. com) and put it in your oil. It has all the good stuff that they’ve taken out of the new “good-forthe-environment” oils that you can buy these days. Since we’ve been using it, virtually all of our oilrelated problems have gone away. Colin Comer, Contributing Editor: It’s my understanding that OHC cars will be okay, but any push-rod, flat-tappet cam cars will have issues. For the time being, any oil that is not labeled “Energy Conserving” by the American Petroleum Institute (API—www. api.org) still has ZDDP in it. Alternatively, GM EOS (engine oil supplement) added to the oil will work. There is a thread from www. ferrarichat.com that goes deep into the issue. It may make your head spin if you attempt to read it in one sitting—I had to take a nap about half way through—but is should provide you with plenty of useful information. Jim Pickering, Auction Editor: Most newer cars have overhead cams or roller valvetrains that greatly reduce friction inside the engine. They simply don’t need the zinc and other compounds that used to be in oil. I installed a new camshaft in a ’71 Chevelle a few years back, and three lobes went flat within only a few miles of driving. At the time, Crower (cam company) believed it was due to using incorrect oil for break-in (ie—no zinc in the oil to help mate the surfaces to each other) and the cam ate itself. That motor had to be completely rebuilt. The fixes involve special oils, special additives, or retrofitting with roller-style engine components.Comp Cams (www. compcams.com) has a detailed article on the subject that is worth reading. Diane Brandon, Contributor: On the advice of an old-time VW mechanic, I changed from non-detergent Valvoline SAE 30 to Mobil 1 synthetic in my ’65 VW. It melted the seals and within a week, most of those 2-1/2 quarts in the sump had piddled onto my garage floor. I had the seals replaced and went back to the non-detergent Valvoline, and I haven’t had problems since. Jim Schrager, Contributing Editor: The best study of this issue for Porsches that I have seen is shown at www.lnengineering. com/oil.html. The data used are from SAE research papers, and they show actual measurements of zinc and phosphorus in many types of oil. The data show that some Rotella T oil is good, some not so good. The difference for Rotella is whether it is rated CI-4 (good) or CJ-4 (not so good). It is a lengthy piece and your head will hurt after reading it, but it will take you through the ins and outs to find the best oil or additive for your vintage car. John Apen, Contributor: Rotella T 15W-40 should be suitable. High ZDDP oils like Rotella T help to prevent engine wear. At www.newenglandclassics.org, there is an informative article about engine oil that explains the situation. Moreover, the current issue of Hot Rod magazine (June 2007) has an article that concurs. The bottom line is that the government has mandated catalytic converters to be warranted for more than 100,000 miles. They have found that the zinc and phosphorus additives were detrimental to catalytic converters. The auto manufacturers have gone to roller lifters and cam followers to side step the flat-tappet scuff problem. Raymond Milo, Contributor: I have not smoked a cigarette since April 1, and my demeanor is identical to that of a rabid junkyard dog; I am crawling the walls and hate the world. The oil debate is one of my (many) pet peeves, and seems to consume vast amounts of time spent worrying about zinc compounds and such. My advice is simple: 20/50 brand-name oil, and change it and the filter every 3,000 miles or three months, whichever comes first. Period. Now, if you are running a 150-hp Sprite engine, or a 570-hp 289, lord be with you; whatever problems you have, you deserve them. Far be it from me to stop anyone from wasting his money, but I consider it a pure silliness.u Sports Car Market

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Neat Stuff Stuff Neat by Stefan Lombard American Shine claims its car washing and detailing products are “Made With The Lazy Man In Mind.” But with 13 separate potions to get your ride looking shiny and new, there’s plenty to keep even the laziest man busy. Start inside and detail the carpet, vinyl, and upholstery with Super Kleen cleaner. Then use the Carnauba Wash, Carnauba Liquid Wax, and finish it off with the California Clear Coat. Hit your tires with the Super Shine and fool your neighbors into thinking you bought a brand new car that looks just like the old one, only clean and shiny. When you’re really feeling lazy, work your way around your ride with the Detail Caddy, guaranteed to hold it all. Prices start at $9.25 for 16-ounce bottles and the Caddy will set you back $100.Multi-bottle packs are available. www.americanshine.com. If your car collection is getting bigger than your garage, American Custom Lifts has the solution. The PhantomPark is a two-deck residential vehicle parking system designed to fit seamlessly into a garage for vertical expansion. More affordable than building horizontally, the PhantomPark is almost invisible, yet adds twice the space for your cars. Equipped with scissor leg stabilization, maintenance access hatch, key-switch security lock-out, and remote hydraulic power unit, it will keep any gearhead’s toys secure. Price varies depending on the model installed, but expect to pay about $50,000 and up. www.aclifts.com, WHAT YOU NEED AND HOW TO GET IT The mission behind Xtreme Velocity Motorsports is to make modern supercars from classic muscle cars. To that end, the company makes a host of products designed to up the performance of Mopar muscle cars of the 1960s and ’70s. In addition to complete 5.7- and 6.1-liter Hemi engine packages, XV has designed a tilt-wheel steering column for B- and E-bodied cars. In addition to the tilt feature, the bolt-in column sports a hazard light switch and can come with or without keyed ignition and an optional turn signal switch that can double as the high-beams, or be used for any other popular application. Did somebody say nitrous? The column works with factory steering boxes or cars fitted with rack-and-pinion steering, and can accept a number of aftermarket steering wheels. Prices range from $399 to .xvmotorsports.com. Don’t settle for boring old stools for your garage or home bar. Now you can be the envy of the neighborhood with California Car Cover Company’s Billet Hi-Back Stools. Each chrome-plated stool features a padded black 15-inch seat cushion and sports a machined billet aluminum backrest bearing your favorite automotive logo, from the Dodge Ram and broad-shouldered Hemi to Corvette’s famous checkered flags. You can even get one with flames. Heights range from 39 to 49 inches tall, and all stools swivel 360 degrees. $130. www.calcarcover.com. tuff Stuff Neat by Stefan Lombard American Shine claims its car washing and detail- ing products are “Made With The Lazy Man In Mind.” But with 13 separate potions to get your ride looking shiny and new, there’s plenty to keep even the laziest man busy. Start inside and detail the carpet, vinyl, and upholstery with Super Kleen cleaner. Then use the Carnauba Wash, Carnauba Liquid Wax, and finish it off with the California Clear Coat. Hit your tires with the Super Shine and fool your neighbors into thinking you bought a brand new car that looks just like the old one, only clean and shiny. When you’re really feeling lazy, work your way around your ride with the Detail Caddy, guaranteed to hold it all. Prices start at $9.25 for 16-ounce bottles and the Caddy will set you back $100.Multi-bottle packs are available. www.americanshine.com. If your car collection is getting bigger than your garage, American Custom Lifts has the solution. The PhantomPark is a two-deck residential vehicle parking system designed to fit seamlessly into a garage for vertical expansion. More affordable than building horizontally, the PhantomPark is almost invisible, yet adds twice the space for your cars. Equipped with scissor leg stabilization, maintenance access hatch, key-switch security lock-out, and remote hydraulic power unit, it will keep any gearhead’s toys secure. Price varies depend- ing on the model installed, but expect to pay about $50,000 and up. www.aclifts.com, WHAT YOU NEED AND HOW TO GET IT The mission behind Xtreme Velocity Motorsports is to make modern supercars from classic muscle cars. To that end, the company makes a host of products designed to up the performance of Mopar muscle cars of the 1960s and ’70s. In addition to complete 5.7- and 6.1-liter Hemi engine packages, XV has designed a tilt-wheel steering column for B- and E-bodied cars. In addition to the tilt feature, the bolt-in column sports a hazard light switch and can come with or without keyed ignition and an optional turn signal switch that can double as the high-beams, or be used for any other popular application. Did somebody say nitrous? The column works with factory steering boxes or cars fitted with rack-and-pinion steering, and can accept a number of aftermarket steering wheels. Prices range from $399 to .xvmotorsports.com. Don’t settle for boring old stools for your garage or home bar. Now you can be the envy of the neighborhood with California Car Cover Company’s Billet Hi-Back Stools. Each chrome-plated stool features a padded black 15-inch seat cushion and sports a machined billet aluminum backrest bearing your favorite automotive logo, from the Dodge Ram and broad-shouldered Hemi to Corvette’s famous checkered flags. You can even get one with flames. Heights range from 39 to 49 inches tall, and all stools swivel 360 degrees. $130. www.calcarcover.com. Sports Sports Car Market

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Icons Radar and Radios Classic Waves The design is as elegant as anything styled by Raymond Loewy and is a stark contrast to the silly flashing units that clutter today’s audio market by Rob Sass S tarting this issue, SCM will feature a selection of gadgets, accessories, and options that have had an impact on our enjoyment of and experiences with the automobile. In this new column, “Automotive Icons,” we will revisit objects that have become timeless, even if their original purpose is as obsolete as a 9-mpg ’67 Cadillac Eldorado. Here are two classics, one from the ’60s, the other from the ’70s. Each was designed to work with with radio waves, and neither one ever let us down. Becker Mexico A fixture in nearly every Mercedes from the late 1960s and early ’70s, the Mexico was a solid-state signal-seeking AM/FM stereo with cassette—the similar Europa was the non-cassette version. An excellent and very expensive unit in its day (the Mexico won a Road & Track car stereo comparison in 1974), it was also a killer piece of industrial design with its heavy chrome frame, simple rubberized black knobs, and trademark pinstriped face plate. Although the identity of the actual designer may be lost to the ages, the Mexico and Europa are as elegant as anything designed by Raymond Loewy or Norman Bel Geddes and are a stark contrast to the silly, tiny-buttoned, flashing purple light units that clutter the current selection of car audio. A restored Mexico is what you need for any vintage Ferrari, Mercedes, Maserati, or Aston Martin. If you must listen to CDs or MP3s, relocate your modern unit to the glovebox and restore an elegant period look to your dash. Or you can wait for Becker to sell the new retro-Mexico in the U.S. Be prepared to cough up close to $2,000 for that, however. Mexicos are commonly found on eBay for $300–$400 in restored condition. If you have one sitting on a shelf, Becker of North America (www.beckerautosound.com) still rebuilds old units. Escort Radar Detector Cincinnati Microwave’s Escort wasn’t the first radar detector—the “Fuzzbuster” and “Super Snooper” came before it. But the Escort was the first one that actually worked as advertised, giving leadfoots real warning that Big Brother was watching. Born in the days of the Federal National Maximum Speed Limit, it was a godsend for those who just couldn’t drive 55. Not exactly a stunning piece of design, it was at least simple and tough, with a steel case, a single durable city/highway toggle switch, volume control, amber warning light, and signal-strength meter that all looked like they could have come from a 1950s Polaris submarine. If the Escort had a downfall, it was its industrialstrength heft and size of over five inches by four inches. Designed to be clipped onto a sun visor, the Escort’s weight would cause it to either slide off or to make the visor flop down and point at the floor. Because of this, owners took to mounting them on the dash with velcro. It’s still not uncommon to find the sticky remnants of this on dashes of ’70s Porsches. Eventually superceded by the much smaller Passport, advances in speed detection such as different radar bands and laser have rendered the original Escort obsolete. However, as the finishing touch for a non-concours but authentic-as-driven presentation of your favorite Boss 302, mint-and-boxed ones turn up regularly on eBay for $20–$30. 28 Sports Car Market

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SCM Our Cars The Pizza Man, the USS 300, and a Not-Quite 911 After one winter in my garage, the 300 was ready for its wake up— a one-hundred-mile trip on almost square tires 1954 Chevrolet Corvette Roadster Owner: Dan Hampton, Contributor Purchase date: August 1999 Price: $45,000 Mileage since purchase: 0 Recent work: None 1969 Chrysler 300 Convertible Owner: Dave Kinney, Senior Auction Analyst Purchase date: September 1, 2005 Price: $5,500 Mileage since purchase: About 500 Recent work: Cut, remove, and replace rear quarter panels with new steel; Optima battery In 2005 at Kruse Fall Auburn, I seemed to be the only person who could see through the dirt and neglect to the “little old man special” lurking underneath. There was no visible rust and it had every option I could think of—automatic, air conditioning, power steering, brakes, windows, seats, top, and antenna, AM/FM, and more. Plus, not only did it have the 440 V8, but it’s the extra horsepower “TNT” version at that. In the glove box was an original owner’s manual with the original dealer’s invoice to the new owner. It listed all the options and the sale price when new ($5,874.40), but the real bonus was the first owner’s name—the same person whose name was on the title. After one winter in my garage, the 300 was ready for its wake up—a one-hundred-mile trip on almost square tires. My good friend Charlie Stitzer gave it new rubber, a tune-up, and some heavy cleaning, which revealed some weak areas in the rear quarters; two fifty-cent pieces would cover the damage, but cutting, removing, and replacing the metal was the best long term choice. When you tell people you have a Chrysler 300, some ask what kind of dubs you’re rolling on, while others ask what letter it is. Dumb looks abound when I tell them it’s from the era after the letter series cars of the ’50s and early ’60s, but before today’s high-waisted machines. Styling is best described as akin to an aircraft carrier, yet it has grown on me and gets more handsome by the day. With the top down, there is room for five real adults. I’m in it over ten grand now, but I plan to sell it soon. And I will turn a profit, as current price guides list its value in the mid to high teens. And why not? The top goes down, it’s a two-owner, fully-documented Mopar with great options and, for the first time in years, round tires. 32 I have a bad habit of purchasing cars I can’t drive. My garage is littered with ex-racers that will never see the light of day, including the 1954 Corvette drag car I bought in 1999 from Dana Mecum’s collection. This car needed a home, and I needed to give it one. I’m also a sucker for a good story, and this Corvette has it in spades. Originally purchased as a wedding gift for his wife, the owner, who had a successful pizzeria in Sioux Falls, South Dakota, converted it into a quarter-mile wonder in the mid 1960s. After all was said and done, “The Pizza Man” had established nine national NHRA class records in E, F, G, and H Modified Production, including multiple World Points Championships. Along the way, it successfully beat such factory-sponsored Goliaths as Dick Landy. It’s powered by a 292-ci GMC, and the trunk lid proudly displays: “World’s Fastest 6 Cyl. Corvette.” It also says “Sorry About That!” an apology to all the racers who finished behind “The Pizza Man.” It ran consistently in the low 12-second range, with an 11.97 representing its personal best. Sam Britt, the original owner’s son, told me the motor vibrated so violently that after each run you went numb and felt like your teeth were going to fall out. The car ran competitively until it was retired in 1974. The family has been gracious enough to provide me with all the original NHRA National Certificates. Eventually, I’ll ship it to the Corvette Museum in Bowling Green, Kentucky. The public should enjoy this car and its provenance. That will also give me another excuse to find something else marginally useful to occupy a corner of my basement. 1976 Porsche 912E Owner: Rob Sass, VP of Business Development, General Counsel Purchase date: February 13, 2007 Price: $6,500 Mileage since purchase: 600 Recent work: A set of used Fuchs alloy wheels; floor mats and a new hood badge I’ve yet to call Jim Schrager about this one because I know what he’ll say about the missing cylinders that would make it a “real” Porsche. But this “neutered 911” may turn out to be one of the more sensible purchases I’ve made recently. Summer in Portland is here. The MGC GT is gone via eBay, and I’d been thinking about a 914 when a light yellow 912E appeared on Craigslist in Seattle. The 912E was the one-year-only entry-level Porsche that was essentially a 911 with a 2-liter 914 VW motor. The Craigslist photos were bad (as usual), and the car looked funky with its black powder coated wheels and a flat black valance. The owner seemed knowlegeable and the license plate, “912 E”, I took as a positive sign. It’s a documented three-owner car with stacks of receipts, including a rebuild by a Seattle shop with a good reputation. The body is good, with no rust and mainly original paint. The interior looks like a five-year-old used car. I had the valance resprayed, the paint buffed, and I grabbed a set of polished 14-inch Fuchs off of eBay. I agree with Herr Schrager that the 912E—despite its rarity—is not particularly collectible. With a top speed of about 120 mph and a 0–60 time of 9.7 seconds, it isn’t going to break any speed records, but its performance is on par with a BMW 2002tii for about half the price. In fact, what I paid will barely get a decent MGB GT. It has the wonderful steering, tight structure, decent ride, and great brakes I remember from my previous 911s, it gets about 26 mpg, has a working electric sunroof, and best of all, if it blows up, it’s only $3,000 to rebuild the lump, as opposed to $10,000 for a 911. Who needs those extra pistons anyway.u Sports Car Market

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Affordable Classic Audi Quattro Gone, and Forgotten as Well “Bad weather” was really “good weather” for the Audi Coupe Quattro by Rob Sass disappeared both in value and visibility from the marketplace. H Although Audi was not the first to offer an all-wheel- drive sport coupe—Jensen briefly offered the FF in the late ’60s and early ’70s—Audi brought the concept to the mainstream with the Quattro. They promoted it by dominating the world rally scene and successfully integrated all-wheeldrive into their main product line. Lamborghini Countaches and Ferrari 308s may have dominated the dorm room posters of the early 1980s, but if you spent any of your formative years either following big-time rallying or living in places like Boulder or Aspen, Colorado, the Coupe Quattro was the car you wanted. As SCM’s Thor Thorson noted in his July 2002 profile of the Audi Quattro Coupe, “At the 1980 Algarve rally in Portugal, Audi served notice when a Quattro was used as a course car (first car through, to clear the roads). Had it been a competitor, it would have won by 30 minutes.” While based on the underrated Audi 4000-derived Coupe, the relationship was like that of an E30 BMW M3 to a garden-variety 318i. Like the original M3, the Quattro pumped up the aggression level to the point of needing anger management therapy—the big fender blisters and Auto Union ring side decals signaled that Audi was back on the enthusiast map in a way not seen since the 1930s. Boost gauge one of the few clues The car’s aggressive good looks didn’t translate to the inside, which looked almost identical to a 4000 sedan, with plastic no better or no worse than the standards of the day. Most U.S. cars came with leather seating with funky diagonal pleating. The boost gauge and the differential control knob in the center console were the only giveaways to the special nature of the car. One bonus is the acceptable rear seating the Quattro inherited from the ordinary coupe. U.S. cars unfortunately missed the good-looking, non-sealed-beam (i.e. effective) headlights of the Euro cars, making do with four square sealed-beam units. Most Quattro geeks have remedied this by retrofitting the Euro lights and adding a set of round driving lights. By today’s standards, the 2.1-liter KKK turbocharged Details Years produced: 1980–91 (sold in U.S. 1983–86) Number produced: 11,452 (664 sold in the U.S.) Original list price: $32,000 approx SCM Valuation: $8,000–$16,000 Tune-up cost: $500–$750 Distributor cap: $25.95 Chassis #: A-pillar tag Engine #: Midway along right side of block Club: Quattro Owners Club, 19 Cunningham Drive, Lutterworth, Leicester, LE17 4YR, UK More: www.quattroownersclub.com Alternatives: 1967–71 Jensen FF; 1989–94 Porsche Carrera 4; 1991–97 Subaru SVX SCM Investment Grade: D 34 inline 5-cylinder was neither particularly smooth nor powerful, putting out just 172 hp in U.S. trim. But it was good enough to push the Coupe Quattro from idle to 60 in a little over seven seconds—not much slower than a Ferrari 308 GTB of the day. And unlike a Ferrari, you didn’t have to put the car away at the first sign of bad weather. In fact, “bad weather” was really “good weather” for the Quattro. The Coupe Quattro was poised enough on dry roads, but lock the center differential with the knob on the console (complete with a lighted drivetrain diagram) and the car became nearly invincible. In the hands of drivers like Blomqvist, Mikkola, Hertz, and Mouton, the CQ was a weapon of mass destruction, from Pikes Peak to Monte Carlo, winning the manufacturers title for Audi in 1982 and ’84. Today’s Subaru WRX and Mitsubishi Evo owe their existence to the Ur-Quattro, which proved that a lightweight all-wheel-drive system and a compact high performance car were a match made in heaven. Doesn’t seem exotic today Although considered relatively exotic when new be- cause of its drivetrain, there is very little to the Quattro that seems exotic today. Like most early turbos, post-shutoff heat spikes could cause oil to coke, which ruined turbo bearings and impellers. New or rebuilt KKK turbos are shockingly expensive. Using modern synthetic oils and allowing a cool-down period of several minutes after a hard drive is advisable. Blown head gaskets are also a family flaw in Audi inline 5-cylinder engines. Expect the usual electrical issues and also brake booster problems. Quattro coupes are only average rusters, but since fun in the snow was the raison d’etré for the Quattro, it’s probably best to avoid Salt Belt cars. In addition to European headlights and a honking set of Hella or Cibié spotlights, most Quattro owners have made the wise decision to replace the stock wheels. For whatever reason, Audi chose to deliver the Quattro with the same skinny, finned “turbine” wheels that came standard on the 5000 of the day. They look lost in the big blistered fenders of the Quattro. A set of period Ronals, Gottis, or BBS wheels can be found on most surviving examples. A few Quattros modified by ABT are still running around. ABT is to Audi what Alpina is to BMW. Turbo and Sports Car Market ow the mighty have fallen. In 25 years, most expensive cars depreciate, but few cars as significant as the original Audi Coupe Quattro (Ur-Quattro from the German for “original”) have so utterly

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exhaust mods gave these cars the jump of the European cars. If you find one still on the road after all this time, that answers any longevity questions. Lousy cars change hands for $6,000 As far as future collectibility goes, the short-wheelbase, high-horsepower, unobtainium-in-the-U.S. “Sport Quattro” will always steal the limelight from its older brother. However, don’t count out the Ur-Quattro. Although they rarely appear at land auctions, there have been a few recent eBay sales of good cars at close to the $20,000 level. I have a feeling the lousy ones change hands publicly for $6,000–$7,000, but the really good ones trade among those in the know for a lot more. Cars like the original E30 M3 already have an intense following. Maybe the Gen-X WRXers will want to examine their cars’ ancestor in much the same way the Boxster has caused the once-overlooked 914 to be re-examined by collectors.u ROB SASS has been collecting and restoring affordable classics since he was 16. His work has appeared in the New York Times and on businessweek.com. 1988 BMW M3 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 Prices are for cars in excellent condition. This information is provided by Black Book and Cars of Particular Interest Collectible Vehicle Value Guide, www.blackbookusa.com. 1986 Mercedes-Benz 190E 16v 1983 Audi Quattro Turbo Coupe 20 Year Picture July 2007 35 1988 1993 1998 2003 2007

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Legal Files John Draneas Here Comes the Judge Judge Clabuesch filed five Counterclaims against Barrett-Jackson, so now they are really suing each other L ast month, “Legal Files” analyzed the six shots fired by Barrett-Jackson in its lawsuit against Judge David Clabuesch, the unhappy seller of the Ramchargers Hemi ’Cuda that brought $300,000 at the Scottsdale auction in January. Judge Clabuesch has responded by emptying his own legal pistol, filing a fivecount counterclaim against Barrett-Jackson and an accompanying Third Party Complaint against Thomas Kazamek, the purchaser of the Hemi ’Cuda. “Legal Files” will analyze the response in the same manner as the initial filing. We are not taking sides in this matter. We are simply examining the documents that are a matter of public record and offering our opinions. (To read the complete original complaint and the response, go to www. sportscarmarket.com/legalfiles.) Quick answer to the complaint When sued, a defendant has two basic legal methods with which to defend against the charges. One is to file motions against the Complaint, the other is to file an Answer. As discussed last month, there appear to be a number of instances where some uncertainty surrounds the charges made in Barrett-Jackson’s Complaint, and “Legal Files” suggested that various motions might be filed in response. For example, several of the allegations seemed vague or uncertain, or raised issues about whether they were properly stated legal claims. Motions would have demanded a “do over,” specifying where the vagaries lay and demanding that Barrett-Jackson revise its Complaint to resolve any shortcomings. Instead, Judge Clabuesch filed an Answer, generally denying all of the claims with- out bothering to try to force greater precision, along with his own Counterclaims. This is not a cautious approach, as Clabuesch cannot later go back and complain about any shortcomings. Why did he respond in this way? Obviously, this is pure speculation on my part, but the possibilities include: viewing the allegations as “close enough” and thinking that legal wrangling here would not generate much real benefit; containing litigation expenses; perceiving a need to hurry and get the Counterclaims and Third Party Complaint filed; desiring to get his side of the story before the court of public opinion; and wanting to demonstrate confidence in his own position. Answers are always boring As much as the Barrett-Jackson Complaint made interesting reading, Clabuesch’s Answer is predictably dull. That’s certainly not his fault; it’s just that legal procedures require the Answer respond to each and every allegation in the Complaint in order, and either admit or deny them one by one. But the Answer does raise a few interesting points: • The suit was filed by two separate Barrett-Jackson companies, but Clabuesch only contracted with one. Perhaps future events will make this distinction important. • Judge Clabuesch asserts that the Consignment Agreement imposed an obligation on Barrett-Jackson to achieve the highest possible sales price for the Hemi ’Cuda, which he does not believe occurred. • Although Barrett-Jackson attached Clabuesch’s entire multi-page Grievance Report to its Complaint, Judge Clabuesch responds that he taped it to the inside of the Hemi ’Cuda window and only the first page was visible to persons outside the car, suggesting that Barrett-Jackson created part of its own problem. • It points out that the Grievance Report was also signed by one of the unsuccessful bidders on the car, who joined in the protest of the sale. • It alleges that Barrett-Jackson left the car outdoors after the auction, and Clabuesch pushed it into the Showcase Pavilion tent to protect it. 36 Lots of defenses Once the Answer has responded to all of the allega- tions made in the Complaint, the next procedural step is to list all of the defenses that can be claimed against the charges. The Answer asserts several defenses of interest: • Barrett-Jackson’s damages were caused or contrib- uted to by third parties. “Legal Files” interprets this as meaning that Judge Clabuesch had nothing to do with the offensive Internet blog, the numerous repetitions on the Internet, and the claimed decisions of Palm Beach consignors to cancel out of that auction. • Barrett-Jackson failed to mitigate (take steps to re- duce) its damages, but makes no suggestion about how it could have. • Barrett-Jackson contributed to its own damages, pre- sumably by publicizing both the full Grievance Report and its belief that the Palm Beach auction was losing seller consignments. • Everything Clabuesch said was true, which would defeat the defamation claims, or else it was privileged, probably meaning that Clabuesch was entitled to protect his own legal interests. • Barrett-Jackson is a public figure, which would restrict its ability to make defamation claims. Five counterclaims filed Counterclaims are essentially firing back at the plaintiff. Denials and defenses mean that the defendant does not owe anything to the plaintiff, but that doesn’t put any money in the defendant’s pocket. Counterclaims are essentially the defendant suing the plaintiff, claiming that the plaintiff owes money to the defendant. Judge Clabuesch filed five Counterclaims against BarrettJackson, so now they really are suing each other. Let’s look at them, one by one: 1. Breach of Contract This count alleges that Barrett-Jackson breached the Sports Car Market

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Consignment Agreement because it did not conduct a proper and reasonable auction of the Hemi ’Cuda, it failed to accept higher bids, and it failed to handle properly the protest of the auction. While the Consignment Agreement does not specifically require Barrett-Jackson to do either of the first two, it appears likely that both will be implied into the contract, making this a valid legal claim. It should be expected that Barrett-Jackson will deny the first allegation, and insist it did conduct a fair and proper auction, and that all its actions were within the reasonable range of its discretion. It should be expected that BarrettJackson will deny that it knowingly failed to accept higher bids—after all, one can’t expect an auction company to accept a bid it is unaware of. Consequently, the outcome on both of these charges will depend on what the evidence turns out to be. The failure to properly handle the protest does not seem to be a proper breach of contract claim. The protest lodged by Clabuesch seems more along the lines of a remedy for the earlier perceived breach (auction errors), and would not seem to be part of the contract. 2. Breach of Good Faith and Fair Dealing Sound familiar? Yes, this is the same claim Barrett-Jackson asserted against Judge Clabuesch. Unfortunately, this count does not specify just what Barrett-Jackson did to breach these implied contractual duties, and I would expect Barrett-Jackson to file motions to require him to supply that added detail. I would expect that Barrett-Jackson will claim it had considerable discretion about how to schedule and handle the auction of this car—when it came onto the block, how long it stayed on the block, how hard the auctioneers tried to pull bids, and when and how to drop the hammer—and that BarrettJackson fairly exercised its discretion in these matters. 3. Breach of Fiduciary Duty A fiduciary duty is one of the highest standards of care and loyalty that the law im- poses on a party. All dealings between the parties are closely scrutinized for fairness and absolute honesty. However, to create fiduciary duties, there must first be a fiduciary relationship between the parties. The problem with this claim is that it does not specify any relationship that would give rise to such duties. It appears to be founded on the allegation that Barrett-Jackson held the Hemi ’Cuda “in trust.” If true, that would clearly be a fiduciary relationship. But holding another person’s property does not automatically create a trust relationship. More likely, the relationship was a bailment, which is what you typically have when you leave your car at a repair shop. The auction company’s power of sale makes it look more like a trust arrangement, but I don’t think that will be enough. In particular, the claim has little to do with the safeguarding of the car or its title. Rather, the claim is primarily based upon the manner in which Barrett-Jackson conducted the auction. It seems unlikely that a court would apply trust concepts to that type of relationship. 4. Conversion Conversion is essentially the civil version of the crime of theft. This claim is based upon the auction company’s conduct after the auction was protested. Clabuesch asserts that, once the protest was lodged, Barrett-Jackson was required to do nothing further until the protest was satisfactorily resolved, and by releasing the car to the purchaser a conversion occurred. I just don’t think this claim will find any traction. I don’t think that Clabuesch’s protest carries the weight he asserts. Of course, the protest put Barrett-Jackson on notice that its conduct was being challenged, but a party to a contract is ordinarily entitled to believe that it has acted properly, and proceed with its performance even when the other party claims a breach has occurred. Further, this is much the reverse of the Barrett-Jackson July 2007 37

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Legal Files John Draneas post-auction protest changed the landscape, and made Kazamek aware there were problems with the sale. However, I would think that Clabuesch misses the mark here. It seems to me there would be only two scenarios whereby Kazamek could be forced to give the car back. One would be if Kazamek and Barrett-Jackson were in cahoots in some way, which has not been alleged or even hinted at. The other would be to prove that Kazamek was aware of the irregularities in the auction when the hammer fell. That has not been alleged either. Absent one of these situations, I would think that Kazamek could successfully keep the Hemi ’Cuda. What car? We know that Kazamek bought the Hemi ’Cuda at the auction, but does he still own it? What if he has already sold it to another collector? Could that collector be forced to give it back? Generally, the answer would be no, at least as long as the new buyer can show that he knew nothing about the pending lawsuit. That makes it interesting that Judge Clabuesch has not done anything to tie up the car. If he is really serious about getting it back, one would expect that he would ask the court to enter an injunction preventing Kazamek from selling the car while the lawsuit is pending. Attorney fees “Legal Files” has often pointed out that state law does not usually require that the loser pay the winner’s attorney fees unless the contract so provides, and recommends that you be sure your contract allows you to recover them from the other party. Oddly enough, the Barrett-Jackson Consignment Agreement does not contain an attorney fees provision. That could be an oversight, or it could be a conscious strategic decision to make it as expensive as possible for a consignor to assert claims against Barrett-Jackson; we just don’t know the logic behind it. Nonetheless, Arizona law has a very interesting provision regarding Posted in the ’Cuda after the hammer fell claims against Clabuesch. In its complaint, BarrettJackson asserts that Clabuesch’s conduct was unlawful, yet Clabuesch properly responds that he was simply trying to assert his legal rights. I would expect both sides to get the benefit of any doubts on these claims. 5. Negligence This claim asserts that Barrett-Jackson was negligent in the manner in which it conducted the auction. Whether this is separately actionable depends upon Arizona law. Some states’ laws preclude negligence claims in breach of contract situations, reasoning that virtually any unintentional breach of a contract would create a claim for negligence. I can’t say how Arizona law provides, but this would be the issue to watch here. Give me back my car The most interesting claim here is the Third Party Complaint against Kazamek, the purchaser of the Hemi ’Cuda. Clabuesch has sued him, demanding that the sale be cancelled and unwound. Kazamek can be expected to defend on the basis that he knew nothing about the problems with the auction, he bought the car fair and square, and that Judge Clabuesch’s recourse should be limited to recovering damages from Barrett-Jackson. That’s a pretty strong position for Kazamek to take, and I would expect him to stick to it like a dog on a bone. The Third Party Complaint seems to assert that the 38 attorney fees. It gives the court the discretion, but not the obligation, to award attorney fees to the winner in a breach of contract lawsuit. However, the law is specific that this is intended to be done only in appropriate circumstances, and does not necessarily require that all of a party’s attorney fees be reimbursed, only whatever seems appropriate under the circumstances. This is as clear as mud, but I would expect that pretty bad conduct would have to be shown in order to trigger this provision. What next? The most likely next step will be for Barrett-Jackson and Kazamek to respond to the claims brought against them, and for the case to then enter into a long and painstaking discovery process. That is, each party will seek to obtain documents and records from the other, and key people will be forced to testify under oath in depositions about what they know. The discovery process will not be public, and we may not learn anything more until it has been completed. Predictions There is always the chance for a surprise, and many more facts are likely to be dis- covered. But based on what has been filed, my prediction is that Barrett-Jackson will end up as more of a defendant than a plaintiff, and I am not very impressed with their claims against Judge Clabuesch. I also predict that Judge Clabuesch’s claims will boil down to a breach of contract claim for improprieties in the conduct of the auction. The most interesting part of this lawsuit, from the perspective of SCM readers, is that it will explore the limits of how far an auction company is required to go to get the best possible deal for a seller. And keep in mind, the potential always exists for a settlement. After all, we’re really only talking about money here, and fighting over it costs even more. The parties may find that it’s cheaper to split the baby than to fight, although it usually takes time and expense for them to figure that out.u JOHN DRANEAS is an attorney and car collector ion Oregon. His comments are general in nature and no substitute for consultation with an attorney. He can be reached at legalfiles@sportscarmarket.com Sports Car Market

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Collecting Thoughts Arizona Cougar Cougar Club Saves the Day Within five hours RB had a response from an expert third party willing to help. In 17 hours he had the whole picture T he Internet has revolutionized the way collector cars are bought and sold. With one click, sites like eBay, collectorcartraderonline.com, and craigslist.org allow gearheads anywhere in the world to find and purchase the exact car they’ve been after. Or nearly the exact car. Or maybe not even close to the exact car. Often these transactions hap- pen sight-unseen, which can cause all sorts of problems when the expensive purchase arrives. As John Draneas wrote in his February “Legal Files” column, “how much confidence should you place in those little, low-resolution pictures on the computer screen?” For the smart buyer, the answer is “Not much.” So it makes sense to call a local expert to examine the faraway car in question. The experts are the car club guys. Recently, Publisher Martin was contacted by a longtime subscriber who had a friend in search of a nice, late ’60s Mercury Cougar. On eBay, the friend had found a potential candidate in Scottsdale, Arizona, and wanted to know how best to proceed. Martin directed him to Scott Taylor, president of the Arizona Cougar Club. This is their email exchange. I need some expert help… Sent: Sunday, April 15, 2007 9:15 PM Subject: Cougar Advice Scott—I’m sorry to bother you late on a Sunday night, but I am looking for a little Arizona Cougar help. I live in the New York City area and have been looking for several years for a small block ’67 or ’68 XR-7 with a 4-speed. I had an Inverness Green ’67 as my first car, and I’d love to get one close to it. I’ve been watching this category on eBay and got an alert last Friday about a black ’68 XR-7 in Scottsdale at a dealership there (name withheld to protect the guilty – KM). It looks great in the photos, but it’s always hard to tell what the car is really like. Do you know the car or dealership? If the car/place seem legit to you, do you know anyone in Scottsdale who I could contact to get it inspected? Thanks in advance for your help.—RB Let me check it out Sent: Monday, April 16, 2007 12:20 AM Subject: RE: Cougar Advice RB–Sure, it’s pretty close here…. I’ll swing by and take a look later today…—Scott Questions to the dealer go unanswered Sent: Monday, April 16, 2007 9:38 AM Subject: Re: Cougar Advice Scott–That is an extraordinary offer—thanks so much. FYI, here is the text of an email I sent the dealership over the weekend. “I spoke to you briefly last night just before your closing about the 1968 Cougar XR-7 you have on eBay. I am an avid car enthusiast from the New York area looking for a well-preserved/restored 1967/68 Cougar XR-7 4-speed, small block, 4-bbl. My first car was a ’67 XR7 small block four-speed and I am looking to get something close to it. I have a number of questions which 40 I would appreciate your pursuing as soon as possible with the owner. Thanks in advance for your cooperation. I would very much like to buy this vehicle, but I cannot travel to Scottsdale, and I want to be sure I understand what I am bidding on. I would also like to talk to the owner directly if possible. Please give him my cell phone number, or I would be happy to call him.”—RB The expert cracks the VIN code Sent: Monday, April 16, 2007 4:32 PM Subject: RE: Cougar Advice RB–I went to look at the Cougar over lunch. Assessment below. Cougar VIN # 8F93J579487 65B Y 6Y 20F 51 5 5. Car is a 1968 XR-7 Cougar. J code originally, or 302-4V with 4-speed toploader trans. One of 497 with that engine combination. A fairly rare engine combination since most XR-7s were automatics. This Cougar was originally a gold/ gold car. 65B = XR-7 hardtop car. Y = “Grecian Gold” paint 6Y = XR-7 bucket seats w/ leather in Nugget Gold. 20F = Production date of June 20, 1968. A fairly late 1968 build date. 51 = Denver DSO 5 = 8-inch rear axle with 2.79 gears? 5 = Toploader 4-speed transmission Options. Air, power steering, tinted glass. No disc brakes, no tilt, no console. But wait, there’s more (RB received no reply from the dealership. Below are RB’s questions, with Taylor’s answers, after inspecting the car, in italics.) • What is the significance of “J” code in the VIN? (302-4V engine) • How many owners has the car had? (Unknown) • How do you know if the mileage claimed is legitimate? (They claim it is. Box A Arizona Title. It looked more like 168,000 on the car how- Sports Car Market

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ever to me) • It looks like the car has had a very thorough recent restoration. (Not really, not thorough at all. Just some top visuals, like paint and seat covers) • When and where was it done? (By previous owner) (Unknown) • Does the owner have any paperwork (old regis- • New paint and interior fabric? (Yes) • Was it originally black on black? (No) • Any mechanical work done? (Unknown) • Do you have receipts for the work done? trations, service records, etc.)? (Unknown) • The XR-7 interior is supposed to have leather seat inserts. I can’t tell from the photos—is that the case? (No, 99% certain they are vinyl) • Is the engine original? (No. It has a 2-bar- rel carb, with a 1973 date code on the intake manifold) started the car, and it ran poorly. Claimed the car was “cold-blooded,” but it was 70 degrees here today) • If so, has it been overhauled? (The salesman it have a new 289 air cleaner on it? (Wrong air cleaner decal) • If it is a 302 (proper for 1968), why does drums in the underbody photo. (Correct, they are drum) • Does it have power disc brakes? They look like (Yes, claimed to work, and the a/c compressor did turn on) • The a/c is claimed to work. Please verify. work?(Sequentials work. I did not check all the gauges) has it been converted to a newer gas? (Unknown) • Do all gauges and sequential turn signals • Is it still using the original-type Freon, or And the story is not a pretty one The car is a 10- to 20-footer. In this case, the eBay pictures make the car look far better than it actually is. It is pretty obviously an amateur-type restoration. Paint is fairly new, and is OK. Not perfect show quality, but good. The car is straight. The new black vinyl top is nice. The trim on the car needs real help. Most of it was not redone, and is faded, etc. It was simply reinstalled after paint. It looks like 39-yearold trim. The back bumper is pretty poor—needs re-chroming. The front is OK. The front and rear valances are nice. No accident damage I could see, but it does have some repairs on the top of the shock towers (typical for Ford Mustangs/Cougars). And the rear quarter drops-offs (behind the rear wheels) have been poorly and incorrectly repaired, by welding patch panels over the rusted metal. On front insides you can see the holes (size of silver dollars)! I don’t think the car was a rust bucket, but it was not a “rust-free” survivor. Interior has new carpet and headliner. New seat covers. Black standard seat belts (shouldn’t XR-7’s have the deluxe belts?). The dashpad has a plastic cap on it—not fully installed. Original dashpad underneath—cracked or warped (not sure?). Steering wheel cracked in a few places. A/C control mechanism on left side—the lower vent has pulled off. Door panels dyed black from the gold and done poorly. Black peeling off in several spots, which you can see in the eBay pictures. New door surround weatherstrips installed but pulling loose on driver’s side. Later model (1973?) radio installed. I asked their reserve price and they said $21,500. No chance of ever coming close to that price, in my opinion. The car would be an OK driver or weekend cruiser, but it needs much work to be a show quality car. I think it needs work to just be a driver (but I didn’t drive the car). In reality, it is a good car—as a starting point for a quality restoration. If you look past the shiny paint and new wheels, it needs a lot. The grille has not been detailed, the hood was hard to close (hood hinges need oil), and underneath it was very greasy (engine leaking oil), etc. My best guess on value is around $10,000. But I’ve been known to be cheap! —Regards, Scott Taylor, AZ Cougar Club President Call in the club Within five hours of his initial query—a blind email sent across the country—RB had a response from a knowledgeable third party willing to help. In 17 hours, he’d been given practically all the information there was on the car. Our best deals are often the ones we DON’T do. The energy it takes to get out of a bad car or a bad deal can be staggering. This exchange is just another illustration of the value of homework. It also highlights the value of being a part of the “gearhead fraternity,” where likeminded people go out of their way to help each other, simply because they can. And with the advent of the Internet, this helping hand can reach thousands of miles in a matter of seconds. RB still has had no response from the Scottsdale dealership. The auction ended with the car unsold, and a high bid of $17,000.u July 2007 41

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Collecting Thoughts Brotman Fraud Fraud Case Deposits Dealer in Prison Brotman would sell expensive cars for clients and keep the proceeds, or else he’d give the cars to other people to settle other debts, the court was told by Paul Duchene for allegedly defrauding customers and a bank of more than $2.1 million through a consignment scheme. At that time, he was living in France, while his wife and two daughters remained in the States. O Recently, Brotman was tracked down by the FBI in Barcelona, Spain, returned to Pennsylvania, and pleaded guilty to charges in federal court. Described by the prosecution as a man that master swindler Charles Ponzi would have envied, he was sentenced to five years in federal prison for frauds totalling almost $2.2 million. The court records, while presenting a straight- forward case, are lengthy. This is our summation of them. In a 16-count indictment citing wire, mail, and bank fraud, Brotman was accused of defrauding eight classic cars owners, including actor Nicholas Cage, out of a total of $1.2 million. He also defrauded Willow Grove Bank of almost $1 million on two separate loans, according to the indictment. As part of his plea bargain, Brotman was ordered by U.S. District Court Judge R. Barclay Surrick to forfeit more than $1.8 million toward restitution. The frauds occurred between November 2002 and December 2004, while Brotman, now 46, operated the Pennsylvania Motor Sports Corporation, according to federal authorities. Brotman would sell expensive cars for clients and keep the proceeds, or he’d give the cars to other people to settle other debts, the court was told. Brotman was arrested in Spain by Interpol, while claiming to be brokering a $450 million art deal, the authenticity of which was questionable, authorities said. Brotman allegedly sent his customers emails and faxes promising to pay them from the commission, but that method of payment had not been agreed upon. The losses suffered by the car owners ranged from $20,000 to $600,000, and the cars involved included a 1948 Packard, 1954 Jaguar, 1964 Rolls-Royce, and 1998 Bentley. Nicholas Cage apparently consigned three Ferraris and one Cobra to Brotman but received only partial payment, losing $300,000, according to court papers. When the owners didn’t receive their disbursements, Brotman made misrepresentations to keep them from filing lawsuits or complaining to authorities, the indictment said. In some cases, Brotman sent customers checks Jags, Ferraris, and Ponzis, all part of Brotman’s scheme ver a year ago, the inaugural SCM weekly Insider Newsletter headlined the indictment of classic car dealer Peter Brotman on federal charges drawn on bank accounts he knew lacked sufficient funds. Brotman arranged an $850,000 line of credit with the Willow Grove Bank to finance the purchase of cars but did not give the bank titles to the cars listed as assets, according to documents. Indeed, according to the FBI investigation, he did not have possession of cars he claimed to have. He also borrowed $105,000 to buy a tractor trailer to transport his vehicles but failed to inform the bank when he sold it, authorities said. According to prosecution documents, Brotman Brotman in happier times could have been sentenced to 125 years in prison, accompanied by a fine of $2.5 million. Federal Sentencing Advisory Guidelines suggested 41 to 51 months. In Brotman’s Defendant Sentencing Memorandum, his lawyer contended that Brotman “did not prey on the unsophisticated or otherwise vulnerable consumer. His victims were businessmen, equally knowledgeable in the collectable car trade.” Some fellow dealers in the classic car business, and regular contributors to SCM, remain sympathetic to Brotman, and contend that a similar fate can befall anyone trading in a fluctuating market. “Peter’s major fault was not telling his clients he had made colossal errors in judge- ment and needed to file for bankruptcy and work out a deal with them,” said one dealer who preferred to remain unnamed. “In my book, $1.8 million is not worth taking away five years of someone’s life.”u 42 Sports Car Market

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Events Copperstate 1000 Raising (the bar in) Arizona On the road to Wickenburg, three unauthorized contests of speed ensued, and the Cobra played with the 8-liter Bentley like a dog with a dead squirrel by Colin Comer Peter and Carol Phillips in their 1961 Facel Vega HK500 lead Dale Lillard and Becky Ordway in a 1935 Auburn 851 Phaeton T 44 his April marked the 17th running of the Copperstate 1000 Rally, an event that keeps raising the bar for vintage rallies. Through the Phoenix Art Museum’s Men’s Arts Council, this fundraiser has always been about great people, great cars, and the best roads in the Southwest. This year, 82 enthusiasts hit the road for 1,000 miles of spirited driving through Arizona and Utah. This was my fourth consecutive year on the CS1000, and with much effort, I managed to talk SCMer and rally novice Ron Krolick into being my co-driver. We took my 1965 Shelby 289 Cobra, CSX2327, itself a three-time Copperstate veteran, and headed to Arizona for the event, which took place April 14–18. Copperstate Chairman Scott McPherson added new activities and a new venue for the start of the rally. Saturday’s registration and Sunday’s send-off were moved to Tempe Diablo Stadium and held in conjunction with the Ferrari Club of America’s Concorso Italiano on Saturday and the Jaguar Club of Arizona’s Concours d’Elegance on Sunday. The driver’s dinner held at the Phoenix Art Museum included a private showing of the Curves of Steel exhibit, featuring 22 streamlined automobiles. Sunday morning saw us on the road to Prescott, Arizona, and an eventful run. After a Saturday night filled with SCMer Michael Hammer’s ridiculous claims that his 8-liter Bentley was faster than my Cobra, something was bound to happen. On the road to Wickenburg, three unauthorized contests of speed ensued, and the Cobra played with the Bentley like a dog with a dead squirrel. Contests on video tape However, on the third pull to unmentionable speeds, I discovered the limitations of vintage “Tower” hose clamps, and the Cobra’s upper radiator hose separated from the thermostat housing, dousing the car and its occupants with coolant. As the Bentley motored on, we re-installed the hose and filled the cooling system with bottled water intended as refreshments. In case Mr. Hammer disputes our contests, they’re all on video tape. However, I must agree with his assertion that, to finish first, one must first finish. A little later, a great stretch of Arizona Details Plan ahead: April 2008 Where: Arizona, Utah Cost: $4,750 More: www.mensartscouncil.com Highway 89 up the mountain into Yarnell included an eager police officer who reminded me of the speed limit and arranged for a court date. At least my drama was confined to the first morning, with no more mechanical or law enforcement issues for the balance of the rally. Sports Car Market Photos: www.willbrewster.com

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The liveliest night of the trip Lees Ferry served as Arizona’s only vehicle crossing of the Colorado River until 1927. Our lunch there was superb; a catered meal alongside the Colorado River with 82 great cars lined up behind us. Heading for Flagstaff, we enjoyed another breathtaking drive down 89A to our Tuesday night lodgings at the Sedona Rouge. This was by far the liveliest night of the trip, as rally organizers convinced multiple entrants to perform karaoke. Wednesday morning, a subdued group drove south through Cottonwood, the Verde Valley, and Payson, to the highly populated roads of Scottsdale. Our hotel for the last night and banquet was the historic Valley-Ho Resort, once a remote escape for celebrities and recently restored at a reported cost of over $80 million. The rally attracted an eclectic line-up. David and Comer and Krolick tackle Arizona blacktop in the Cobra From lunch in Prescott, we continued north through six climate zones to the Grand Canyon for our first overnight stop. It was a little invigorating, with nighttime temperatures in the 20s, but on Monday, brilliant sun-lit roads led to the red rocks of St. George, Utah. Tuesday was termed by my navigator as “the day that would make anybody come back again.” Unlike the Grand Canyon, where the scenery is below you, Zion National Park had us craning our necks at the sandstone cliffs before we wheeled southeast through Kanab and back to Arizona. There, rumor has it, one of our gracious Arizona escorting officers let a few participants stretch their cars heading to Lees Ferry for lunch. Nothing makes a good meal taste better than a triple-digit run to get it. Not, of course, that it ever happened. Marianne Duthu brought their 1925 Bugatti 35A, while Ed and Star Herrmann piloted their NASCAR star, a 1953 Hudson Hornet. Eight Corvettes faced off against 21 Ferraris, including two 250 Cal Spiders, five Daytonas, and Michael and Katharina Leventhal’s award-winning 1953 340 MM. Five Shelbys included newcomers Jeff and Anne Boston in their 1965 GT350 and the veteran rally team of John Voigt and Ana Alvernaz in the 1965 289 Cobra John bought new in 1965. The Men’s Arts Council pulled out all the stops, giv- ing participants first-class accommodations to make for a first-rate event. As proof of this, my once-reluctant novice co-driver spent much of the banquet on Wednesday night trying to decide what car he was going to bring in 2008.u COLIN COMER is president and founder of Colin’s Classic Automobiles and an avid collector and enthusiast. Copperstate SCMers Dewayne Adamson—Scottsdale, AZ 1966 Chevrolet Corvette Sidney Allen—Longview, TX 1966 Ferrari 275 GTB Robert Anderson—Paradise Valley, AZ 1955 Mercedes 300SL Gullwing Gordon Apker—Scottsdale, AZ 1966 Ferrari 275 GTB Richard Belveal— Paradise Valley, AZ 1967 Ferrari 365 GT 2+2 Louis Bevilacqua— Longboat Key, FL 1959 Jaguar XK 150 FHC Nick Blackman—Darien, CT 1965 Corvette Convertible Carl Bomstead—Palm Desert, CA 1968 Italia Roadster Jeffry Boston—Wheaton, IL 1965 Shelby GT350 Steve Brauer—St.Louis, MO 1965 Aston Martin DB6 Volante July 2007 John Breslow—Scottsdale, AZ 1966 Ferrari 275 GTB Duncan Burdick—Colorado Springs, CO 1955 Triumph TR2 Roadster William Clements—Phoenix, AZ 1967 Mercedes-Benz 250SL Harley Cluxton— Paradise Valley, AZ 1967 Ferrari 330 GTC Colin Comer—River Hills, WI 1965 Shelby Cobra 289 Chris Cox—Chapel Hill, NC 1962 Ferrari 250 Spyder California Elliott Dolin—Malibu, CA 1963 Corvette Split-Window Coupe Bennett Dorrance— Paradise Valley, AZ 1956 Lancia Aurelia B20S Budd Florkiewicz—Scottsdale, AZ 1960 Maserati 3500 GT Matt Frankel—Prescott, AZ 1972 Ferrari Dino James Freeman—New York, NY 1959 Aston Martin DB4GT Bob Gett—Boston, MA 1970 Maserati Ghibli Sam Haberman—Birmingham, MI 1952 Hudson Hornet Michael Hammer—Los Angeles, CA 1924 Bentley 8-liter Ed Herrmann—Salisbury, CT 1953 Hudson Hornet Coupe Billy Hibbs—Tyler, TX 1968 Bizzarrini Don Kaitz—Paradise Valley, AZ 1970 Pontiac Trans Am Andrew Katz—Denver, CO 1963 Maserati Sebring William Kilpatrick—Paradise Valley, AZ 1965 Porsche 356 T-5 Roadster Norm Koglin—Chicago, IL 1967 Ferrari 275 GTS Bob Lebenson—Las Vegas, NV 1968 Ferrari 365 GTC John Leshinski—Phoenix, AZ 1970 Porsche 911 Larry Macks—Owings Mills, MD 1969 Ferrari 365 GTB/4 Jess Marker—Tacoma, WA 1960 Lotus Type 14 Elite Ed Marshall—Scottsdale, AZ 1966 Pontiac GTO Bruce Massman—Beverly Hills, CA 1970 Ferrari 365 GTB/4 Mitch McCullough— Redondo Beach, CA 1970 Alpine Renault Scott McPherson—Tempe, AZ 1967 Ghia 450SS Steve Norman—Edmonds, WA 1956 BMW 503 Robert Paltrow—Armonk, NY 1971 Ferrari Daytona Peter Phillips—Paradise Valley, AZ 1961 Facel Vega HK500 Eric Poole—Scottsdale, AZ 1965 Porsche 356 SC Coupe Ron Rader—Playa del Ray, CA 1967 Jaguar XKE Coupe Rick Rome—Dallas, TX 1972 Ferrari 365 GTB/4 Tony Schwartz—Calabasas, CA 1956 Ferrari 250 GT Richard Sirota—Irvington, NY 1963 Aston Martin DB4 V Jim Smalley—Wauna, WA 1971 Ferrari 365 GTB/4 Jack Thomas—St. Louis, MO 1963 Ferrari 400 Superamerica Jack Thompson—Doylestown, PA 1972 Ferrari 365 GTC/4 Bruce Troxell—Annandale, VA 1966 Chevrolet Corvette Coupe Dwight Tyndall—Flossmoor, IL 1970 Porsche 911S Herb Wolfe—Englewood, NJ 1972 Ferrari 246 GTS Ron Yagoda—Scottsdale, AZ 1972 Ferrari 365 GTB/4 45

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Events Techno Classica Essen Essen: Retromobile x Four Dealers and brokers have been caught flat-footed, with too many customers for certain cars by Peter Pleitner Techno Classica spans 20 halls T 46 he 19th annual Techno Classica Essen, “The World’s Fair” of important and collectible automobiles and motorcycles, drew 154,300 enthusiasts from 38 nations. It was held March 28 to April 1 this year. Essen, Germany, has all the postcard appeal of Pittsburgh (which is to say not very much), but is located five hours east of Paris. The five-day show held there resembles Paris’s Retromobile, except it’s four times larger. It fills a million square feet in 20 expo halls, with outdoor display areas for 2,500 cars, 1,000 manufacturers, brokers, vendors, and clubs. Self-employed at last, I jumped at my first chance to attend the show. I was born and lived through the second grade nearby at Remscheid and can still speak German—at that level, anyway. My mother moved back from Ann Arbor, Michigan, when my father died and I visit Plan ahead: March 26–30, 2008 Where: Essen, Germany Cost: Adult—$26; Student—$21; Kids—$12 More: www.siha.de regularly. In fact, I’d like to send my Alfa 750 Sprint to Europe to save on rental cars and I’m thinking of shipping my Maserati Vignale Spyder over to sell, as they don’t have the 12-cylinder fixation we do here. The biggest exhibitors were manu- Details facturers like Alfa, Audi, BMW, Jaguar, Mercedes, and Porsche. Truckloads of their museum collections filled grandiose exhibits, along with concepts and new models. Sports Car Market

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Why are there always so many Alfa spares vendors? Far from home Their collector-sized counterparts were dioramas staged by 50 clubs, with even more elaborate offerings by model makers. Competing for top honors were displays from major brokers/dealers, auction houses, and the Tazio Nuvolari Museum. Bosch and Bilstein brought historical exhibits and technical support. Restoration shops, a school, and craftsman’s guilds showed live demonstrations, while tool, tire, wheel, and watch makers showed off new items. Sellers of used and restored parts, niche apparel, and accessories touted their wares, while vintage rally and tour operators trolled for customers. What’s hot? The Euro, the British pound, and fine cars. What’s cold? American muscle cars. A Hemi ’Cuda may be worth more than a Porsche 911 RSR in Arizona, but not here. However, Europeans still love American chrome and are starting to appreciate Corvettes. The competence of the C6, plus C5R and C6R victories at Le Mans, finally did the trick, though the six-cylinder C1 is still considered a joke. European collectors won’t pay a premium for big block or matching-numbers cars, although the European July 2007 A precursor of Porsche’s investment in VW Classic Corvette Collectors club displayed a “big tank” 1967 coupe and a ’64 coupe from Switzerland with body and chassis separated for restoration. Other local clubs with significant American cars included Buick, Cadillac, Cobra, Mustang, Thunderbird, and Studebaker, while the German Street Car & Bike Magazine replicated a 1963 drive-in. Germans are setting export records and starting to feel confident about their economy; demonstrating this, the number of licensed vintage cars just exceeded one million. At Artcurial’s February Paris auction, a restored Mercedes-Benz 190SL hit the $100,000 mark, doubling expectations. Essen suggests higher prices aren’t flukes. A Porsche 911 rebuilt as a race car sold for $285,000, a Mercedes-Benz 220A cabriolet for $210,000, a 1955 Pegaso brought $1.9 million, and a 1928 Mercedes-Benz SS sold for $3.3 million. Dealers and brokers have been caught flat-footed, however, with too many custom- ers for certain cars and missed sales as a result. The strength of the Euro bodes well for the future. Best bets are still museum pieces and race cars, but look for a boom in collectible drivers suitable for the myriad rallies and tours so popular here. The current exchange rate makes them a solid hedge on the dollar as well.u PETER PLEITNER is a restorer from Michigan who plans to ship his Alfa Sprint to his mother in Düsseldorf in order to have a classy ride when on the Continent. 47

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Events Coppa Milano Sanremo 2007 Coppa Milano-Sanremo Rally One of the the most impressive cars was the State Police Gallardo, one of the rally’s official escort vehicles by Yvo Alexander Only in Italy T he Coppa Milano-Sanremo got its start in 1906, the same year the Targa Florio began. It was aimed at adventurous motorists (the only kind, back then), and with collaboration from the Automobile Club of Milan the race continued to 1973, with time out only for WWII. In 2003, it was revived, and this year’s event from March 9 to 11 saw the Coppa enter the first year of its second century. Overall, the Coppa Milano-Sanremo is a well-organized, relatively easy and compact rally with a pleasant atmosphere and many international participants. I returned with my 1968 Ferrari 330 GTC (s/n 11339) for the second time, looking to build on my very good memories of last year. Like all good Italian historic rallies, the vintage of participating cars varies greatly, and this year the oldest of more than 200 competing cars was an Alfa Romeo 6C 1500 S Castagna from 1928, while the youngest was a 1973 Ferrari 246 GTS. Alfa Romeo is one of the main sponsors of the event, so many examples of the marque participate, and the Alfa museum arranges for special entries from its ranks. Given the history of the vintage cars competing, it would seem odd that one of the most impressive vehicles 48 was the 190-mph State Police Lamborghini Gallardo, one of the rally’s official escorts. It made a striking picture next to one of its predecessors—the only genuine police Ferrari 250 GTE in existence. The Coppa Milano-Sanremo offers competitors a choice of entering the Classic Cars Rally or the Tourist Motoring Event. While the former allows some fierce competition, the latter lets participants just follow the road book and skip participation in the timed sections. The event starts on a Friday with the arrival of the cars, scrutineering, and several hot laps on the famous Monza Autodrome. The day ends with a display of the cars on the historic Piazza del Duomo. On Saturday and Sunday, competitors cover 400 kilometers—including 19 timed regularity sections —as they drive from Milan to Sanremo, via Rapallo, Genoa, and the Riviera dei Fiori. Entry costs can vary according to the hotel you choose, but the basic fee is 1,600 euros ($2,116) for single occupancy and 2,600 euros ($3,439) for a twin or double. If you’re looking for an early spring alternative to the Mille Miglia Storica or Modena Cento Ore Classic, then perhaps the Coppa Milano Sanremo is just the thing.u Details Plan ahead: March 2008 Eligibility: pre-1973 sports, racing, and GT cars More: www.milano-sanremo.it YVO ALEXANDER has driven vintage Ferraris since 1999. He has judged Italian cars at the Concours d’Elegance Paleis Het Loo, and sponsors female racers in Europe through his company 2Produce, www.2produce.nl. Sports Car Market

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Alfa Romeo, Campione del Mondo SCMers in the Coppa Milano Alexander / van den Broek—NDL 1968 Ferrari 330 GTC Auer / Galasso—CHE 1958 Jaguar XK 150S OTS Fontana / Passarella—ITA 1934 Alfa Romeo 6C 2300 Pescara Kobayashi / Kobayashi—JPN 1957 Lancia Aurelia B24 S Convertible Koel / van Ingen—NDL 1955 Lancia Aurelia B24 America Lauri / Giliberto—ITA 1954 Austin-Healey 100/4 BN1 Levi / Pertici—ITA 1951 Jaguar XK 120 OTS Meijer / Geoghegan—NDL 1933 Riley MPH Prototype Thomas / Dunn—USA 1959 Alfa Romeo Giulietta TI Alexander’s 330 GTC July 2007 49

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Ferrari Profile 1972 Ferrari Dino 246 GT In the end, the Dino is about beauty. There’s an emotional appeal that says screw the price, I can afford one and I want one by Steve Ahlgrim Details Years produced: 1969–1974 Number produced: 2,609 coupes, 1,274 Spyders Original list price: $14,500 approx SCM Valuation: (Dino GT) $85,000–$120,000 (add $7,500 for “chairs and flares”) Tune-up: $3,500 Distributor cap: $400 Chassis #: Top frame rail, driver’s side engine compartment Engine #: Side of block directly inside and in front of oil filter Club: Ferrari Club of America P. O. Box 720597 Atlanta, GA 30358 More: www/FerrariClubofAmerica.Org Alternatives: 1965–73 Porsche 911S, 1967–71 DeTomaso Mangusta, 1999–05 Ferrari 360 coupe SCM Investment Grade: B Comps Chassis number: 03238 A t the 1965 Paris Auto show, Ferrari introduced the 275 GTB, its first car with independent rear suspension. But however significant the 275 GTB was, most spectators were drawn to the dramatic Dino 206S Speciale show car, a mid-engined concept featuring a mock 2-liter V6 engine. The show car was created as a tribute to the late Alfredino “Dino” Ferrari, and as such had no Ferrari emblems on it whatsoever. The Turin Auto show of 1966 featured a working prototype of the Dino called the Dino Berlinetta GT. Powered by a transversely mounted V6, the 206 Dino GT was not only Ferrari’s first mid-engined production car, but was also a new Ferrari-based Dino brand. The 180hp, 1,986-cc engine powering the Dino was largely built by Fiat. Even with Dino badges and a Fiat-built engine, the 206 GT’s lineage was clearly Ferrari, thanks to the Pininfarina bodywork and the performance. In 1969, the V6 was enlarged to 2,418-cc, the output increased to 195 horsepower, and the car was renamed the 246 GT. While Ferraris have always been about free revving high performance engines, the Dino 246 GTs have quick, responsive handling that immediately separates them from earlier front-engined Ferraris, and marks the shift that led directly to the present generation of Ferrari road cars. Historically significant, the Dino was the only production car that featured the dynamic advantages of a mid-mounted engine without the angular wedge shape designs that would characterize Ferraris from the mid’70s well into the ’90s. The 1972 Ferrari 246 Dino GT presented here is a 50 superb, highly original example finished in Fly Yellow with a black leather interior. Very well preserved and cared for by its previous owners, this Dino has documentation of ownership dating back to the mid-1970s, showing it as a Southern California car, and having last been offered publicly for sale at a Ferrari dealership in 1985. With 51,126 original miles, power windows, the original keys, a Blaupunkt gooseneck radio, the original mouse hair dash in excellent condition, like-new Cromodora wheels, books, records, tools and jack, this is one of the finest examples for sale today. SCM Analysis This car sold for $137,500 including buyer’s premium at RM’s Phoenix Auction on January 19, 2007. In the May 2003 issue of Sports Car Market, I reported on a 1973 246 GTS that had just sold at the Christie’s Retromobile Paris Auction. In my infinite wisdom I declared the price over the top at $86,292. Today, that money hardly buys a fixer-upper. While that’s partly a statement on the state of the collector car market, it is also a statement on the complexities inherent in what makes a car valuable. When I first started selling Ferraris, new carbu- reted 308s were selling in the $30,000-range and used Dinos for about $15,000 to $20,000. At that time, only a few vintage Ferraris were really appreciating, while most changed little in value. I had a theory that the 2+2 models were never going to be desirable and the future of other models depended on the models replac- 1972 Ferrari Dino 246 GT Lot# 191, s/n 02870 Condition:1Sold at $130,496 Bonhams, Monte Carlo, MCO, 5/20/2006 SCM# 41938 1973 Ferrari Dino 246 GT Lot# 530, s/n 06092 Condition: 1Sold at $118,853 Bonhams, Sussex, UK, 7/7/2006 SCM# 42331 1972 Ferrari Dino 246 GTS Lot# 219, s/n 03902 Condition: 2+ Sold at $147,473 Bonhams, Gstaad, CHE, 12/17/2006 SCM# 43818 Sports Car Market Photos: RM Auctions

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ing them. I figured all new cars depreciated and that if a new replacement model was similar but better than the model it replaced, the older model was doomed to depreciation. If the new car was substantially different from the model it replaced, then there was hope the older car could appreciate. The Dino blows my theory of values The Daytona was an example of the latter theory. The Boxer that replaced the Daytona was so different that it appealed to a different buyer and the two values remained independent of each other. My theory has proven correct, as the Daytona has indeed surpassed the Boxer’s value. The former theory is demonstrated by the Dino, 308, and 328. These mid-engine sports cars are very similar in nature, with each model being an improved variation of the previous one. But while my theory works with regards to the 308/328, the Dino blows it out of the water. Compared to a 308, the Dino is clearly an inferior car. Mechanically, the 308’s 8-cylinder engine is smoother, more reliable, and more powerful than the 6-cylinder Dino. The 308 has a more developed chassis with improved handling and a noticeably tighter feel. The 308’s shift linkage is smoother, and except for being a bit heavier, the steering feels more precise. There is no doubt the 308 is a better driving car. Comparing creature comforts, the 308 wins again. The Dino has a fixed seatback with a thick upper bolster, which is not comfortable for many drivers. The 308 has better seating, better air conditioning, better sound insulation, and is overall far more comfortable to drive. There’s every reason that the 308 should be more valuable. Despite my logical conclusions, the market proved me wrong. Dinos have one of the most beautiful bodies ever to grace an automobile. The shape is a perfect blend of performance and style. Nearly 40 years after its introduction, a Dino still looks hot. The wonderful sounds of the diminutive 6-cylinder engine make you quickly forget it’s down on cylinders and power. The interior may not be the most comfortable, but it has that uniquely Italian style that makes comfort secondary. In the end, the Dino is about beauty; there’s an emotional appeal to a Dino that says screw the price, I can afford one and I want one. That’s what really drives prices. Dino market on the rise again Dino prices trailed 308 prices until the mid ’80s, when Dinos suddenly found a fol- lowing. By 1990, Dino values had rocketed past 308s up to a high of $160,000 for a GT and $200,000 for a GTS. Unfortunately for Dino owners, a short two years later, a coupe was a hard sell in the $50,000 range and Spyders were barely at $60,000. Fortunately for owners who held on to their cars, the market is on the rise again. SCM reporter Dave Kinney rated RM’s Dino as a #2-. That’s not quite up to the catalogue’s “one of the best in the world” rating, but not bad for a Dino. Using that rating and a survey of a few dealers, my opinion remains as it did for the 2003 sale—the price was over the top. The difference this time is that I think the new owner’s just ahead of the market instead of insanely so. Our SCM Price Guide values Dino Coupes in the $85,000–$120,000 range, up a whopping 24% over the 2006 guide. Paying a 15% premium over book value is pretty aggressive, but there’s that something about the Dino’s sexy lines and sweet 6-cylinder sound that helps it defy logic. And remember, when the market starts to move, it’s the coolest cars that move the fastest and the farthest. Next year this may look like a bargain.u STEVE AHLGRIM of Atlanta, GA, has been actively involved in the Ferrari business since 1978. (Introductory description courtesy of RM.) Seat Time Matt Frankel, Prescott, AZ: In 2001, I purchased a European 1972 Dino 246 GTS, s/n 05316, from the man who imported it from Italy. It is a very clean example with “chairs and flares.” When I went to register it, I found out it was reported stolen in Italy in the 1980s and then recovered and returned to its owner; the title was clean by the time I acquired it. It is a wonderful car to drive, with very light controls, and it is easy to over-rev if you don’t watch the rpm. I have often described it as sounding like half of the V12 Daytona I own. It is an intoxicating sound as the revs climb. The only issue I have had has to do with staying cool. Since all the radiators are in the front and the car has no air conditioning, it tends to be warm to drive even up here in the mountains of the Southwest. I once melted part of a cooler that sat in the rear boot during one drive. Heat issues aside, it is a joy to drive on the twisty bits and cruises at highway speeds easily. I believe this to be one of the most beautiful shapes ever drawn for a car, and it will always hold a treasured place in my collection.u July 2007 51

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Sheehan Speaks Michael Sheehan Whipping the Prancing Pony When it comes to older Ferraris, what once was supercar performance is now dated, and speed costs money. How fast do you want to go? T here’s always been a direct connection between how much fun your sports car is, and how fast it goes. Best of all is a machine that makes all the right noises, and few cars do that better a 12-cyl- inder Ferrari. Alas, when it comes to older Ferraris, what was once supercar performance is now dated, so there is a small “tuner” world of Ferrari owners and specialized Ferrari shops that apply modern technology and racing knowledge to upgrade older Ferraris. Beefing up a Boxer In November 2006, I sold 1981 Ferrari 512 BB, s/n 35411, an interesting Boxer in that it had one owner over 30,000 miles, yet never had its cam belts changed (See February, “Serpentine Issue, Straight Answer,” p. 46). The new owner, Lee Jolley is a mechanical engineer and a diehard enthusiast. After purchasing this 512 BB he wrote, “The first time I saw the Boxer coming out of the mist on the cover of Road & Track back in 1978, I thought it was the greatest looking car ever. I have waited twenty-six years and my desire for the car has never wavered.” But wanting modern performance along with the classic looks, Lee Jolley shipped his just-purchased 512 BB to Carobu Engineering in Costa Mesa, California, for some enhancements. Introduced at the Paris Auto Show in October 1976, the 512 BB was rated at 340 hp with 333 ft-lbs of torque, and with a top speed of 168 mph. We pick up the story with Tate Casey of Carobu, who wrote, “We were talking initially about a $30,000 estimate for the engine work. Our plan was to increase the compression ratio, change the cam profile, and improve the cylinder head porting. This was the first stage of budgeting, but the ‘while-you’re-at-it’ syndrome soon took hold. There was no final budget for this project as it just seemed to evolve through a series of upgrades.” While Carobu had hoped to get 450 hp, in a streetable “Now I’m a contender” form, the final results were beyond expectation with a whooping 471 hp at 7,000 rpm, and a stump-pulling 399 ft-lbs of torque at 5,100 rpm. Balancing the package While the engine work was under way, an update of the brakes, wheels, and sus- pension was done, with new bushings, re-plating, painting, powder-coating, etc. The spring-shock combo was changed to coil-over Konis, which allow the ride height, spring rate and corner weights to be adjusted. The brakes were completely rebuilt, calipers refinished, rotors ground and drilled, and 17-inch, five-spoke, three-piece SL Comp wheels were fitted. Modern rubber is a necessity when the performance of these cars is improved; the 17-inch wheels and tires also lighten the steering effort at low speed and improve the ride. The “while-you’re-at-it” syndrome was capped off with new paint and leather. The final bill for engine, $35,000; for the gearbox, $3,000; Tubi exhaust at $4,000; the brakes, suspension, springs and shocks another $10,000; wheels and tires at $6,000; dash and interior at $12,000; and body and paint at $20,000, for a not-unreasonable $90,000. The owner summarized the final package when he wrote, “I just decided that I wanted to have the Boxer I always dreamed of. And now I do.” A 365 GTC/4 Q-ship While visiting Carobu for this article, I was taken by a silver blue C/4 that had been tastefully updated by the owner. Casey said “The C/4 owner was looking to rebuild the suspension and brakes. I suggested he add the coil-over Koni kit and the Brembo GT brake package at the same time. He later asked about engine performance, so we discussed the possibility of using a larger 412 (5-liter) engine as a basis for more power and more torque. I knew that this engine would be horsepower-limited by the stock 38mm Weber carbs and “center-feed” intake ports, so the focus was on tractable torque. The goal was 400-plus hp and good torque to pull the C/4 through the gears.” When introduced in 1971, the 365 GTC/4 engine put out 340 hp with 320 ft-lbs of torque from 4.4 liters. The C/4 engine evolved into the 400 with 4.8 litrers and finally into the 412 with 5 liters. Carobu started with a used 5-liter 412 long-block and heads as the basis for the bigger engine. Many items had to be adopted for the C/4-412 engine conversion to work. For example, a new bell housing adaptor was made to fit the C/4’s 5-speed transmission into place, as the 400 and 412 bell housing is larger. That’s one of many engineering challenges that should deter you from trying this conversion at home. When finished, the 5-liter C/4 dyno tested at 410 hp with 380 ft-lbs of torque, a major jump, although not as impressive as the more race-bred Boxer engine. The result was a C/4 that was more muscular, stopped better, and handled like a much more modern car. The cost was $10,000 for a used 412 engine; $40,000 for the engine rebuild and conversion work; $12,000 for much larger Brembo brakes and calipers; $10,000 for a full suspension update and rebuild with shocks and springs. Add $7,000 for 17-inch wheel and tires for a total of about $80,000. Doing it to a Daytona Over the years, I’ve sold over one hundred Daytonas, and I often recommend some Boxer engine, ready for $30k steroid injection 52 good old-fashioned hot rod tricks, especially to the more anemic U.S. versions. When Sports Car Market

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5-liter C/4 on the dyno at Carobu it’s time for a major service—something rarely needed on a Daytona—merely adding a set of the period P-6 cams, as used on the 365 GTB/4C Comp cars, or an improved computer-engineered cam profile, at $4,000–$5,000, is good for 15 to 25 hp. A set of Euro or Tubi headers will cost another $5,000 and add another 15 to 25 hp. A normal rebuild on the 350-hp engine of a 365 GTB/4 is in the $25,000 range. Doing a professional cylinder head porting job will add another $5,000 to the bill, but will also add another 15 to 25 hp, for a finished rating about 400 to 425 horsepower. The stock Daytona had a 3.3 rear end gear, good for a hypothetical (but unattain- able) top speed of about 185 mph at 7,700 rpm. The Comp Daytona’s shorter 3.90 gear set gives a very attainable top speed of 165 mph, and when combined with the $5,000 gear set, gets the Daytona there in a hurry. The cost of going faster Many people prefer older cars, but want to add in a healthy dose of modern perfor- mance. While few will spend $90,000 restoring and improving a Boxer, or $80,000 365 CTC/4, $80k later hot-rodding a C/4, many Daytona buyers go for the more limited $15,000–$20,000 updates. When it’s time to sell any of these cars, the return on the money spent is a fraction of the cost of the work, but Ferrari ownership is both a lifestyle and a statement, and showering performance dollars on a Ferrari separates those who merely lust for one from those who’ll actually pay the price of performance. u MIKE SHEEHAN has been a Ferrari broker and racer for 30 years. He has raced in the Mazda Pro Series and the Trans Am Series, as well as IMSA GTO and IMSA Camel-Lite, with three drives in the 24 Hours of Daytona. July 2007 53

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English Profile 1964 Mini Cooper 1275S Works Rally DJB 93B can be used in anger on modern historic events. It has already been re-shelled, so another won’t devalue it by Paul Frost Details Years produced: 1964–71 Number produced: 191,242 Original list price: $2,181 SCM Valuation: $18,000–$30,000 Tune-up: $200 Distributor cap: $9 Chassis #: Riveted to radiator shroud Engine #: Below thermostat housing Clubs: Mini Cooper Club, 59 Giraud Street, Poplar, London, E14 6EE, UK; Mini Cooper Register, P.O. Box 1275, Farnham, Surrey, GU10 4XD, UK. More: www.minicooper.org Alternatives: 1964–67 Renault R8 Gordini, 1963–67 Ford Lotus-Cortina, 1965–67 Saab Monte Carlo 850 SCM Investment Grade: B Comps Chassis number: CA2S7662044 I n 1956, the Suez Crisis caused the folks at Austin to invite Alec Issigonis (later Sir Alec) to design a new car to combat what they saw as looming fuel rationing. When he had finished, the engine was the only part of the car that was not completely new. The compact four-seater famously mounted the enlarged A30 engine transversely, driving the front wheels through a fourspeed box located in the sump. Independent all-round hydrolastic suspension used ingenious rubber blocks in compression. The first prototypes ran in October 1957 and the car was launched in August 1959 with several thousand being pre-built for dealer stock. While the Morris version was called the Mini Minor, the Austin was known as the Se7en, but the name never caught on and soon they were all known as Minis. The top speed of the first 33-hp models was 70 mph, and the Mini’s excellent handling soon attracted tuning specialists. With BMC’s agreement, race builder John Cooper produced the first Mini Cooper in 1961. The engine was 997 cc tuned to produce 65 hp, and with twin SU carbs, top speed rose to 85 mph. The Mini began its rally career in 1962. In 1963 the Cooper S with 1,071 cc was quickly followed by the 1,275 cc, which delivered 75 hp and 100 mph. From 1964 to 1967, the Mini was almost unbeatable and would have won the Monte Carlo Rally three times in a row, save for a last-minute rules change. 54 Production of the Mini Cooper continued to 1967 and 44,859 were made. BMC built the Mini Cooper S until 1971, by which time 191,242 had been made. Although re-badged as a Morris early in its life, this car was originally an Austin Mini Cooper 1275S. Chassis number CA2S7662044 was built at Longbridge, November 26, 1964, and sent to the MG Car Company at Abingdon for rally prep. DJB 93B took part in the 1965 Swedish and Acropolis Rallies, retiring with mechanical trouble each time, and then finished 13th in class on the 1965 Alpine. With Rauno Aaltonen at the wheel, DJB 93B won the 1965 RAC Rally in the U.K., then Tony Fall won the Scottish Rally in 1966. DJB 93B was retired after an accident in the 1966 Gulf London Rally and not rediscovered until 1986. Since then, it has been successful in hill climbs and it won the 2001 Midland Speed Classic Championship. The vendor tells us that as far as is practical, DJB 93B has been rebuilt to the original Abingdon Competition specification. It has a restored Mk I body shell, uprated with a double-skinned exhaust tunnel, floor under driver’s feet, and cross-member, along with a strengthened bulkhead steady-bar bracket, steering rack mounts, and rear shock mounts, all to Abingdon spec. The restoration remains dry suspension, which replaced the hydrolastic form in period. 1983 Audi Quattro Group B Lot# 655, s/n 85A0900042 Condition: 3+ Sold at $113,878 Bonhams, London, UK, 12/6/2004 SCM# 36914 1971 Lancia Fulvia 1.6 HF Group 4 Lot# 53, s/n 818540002268 Condition: 2 Sold at $193,324 Artcurial, Paris, FRA, 2/12/2006 SCM# 41078 1964 Austin-Healey 3000 Mk III Lot # 618, s/n HBJ827573 Condition: 1Sold at $181,905 Bonhams, Sussex, UK, 6/24/2005 SCM# 38657 Sports Car Market Photos: Bonhams

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The engine produces 117 hp at 7,000 rpm and 107 ft-lbs torque at 5,000 rpm. It incorporates a 1275S thick-flange block bored .020 over to 1,293 cc, Omega dished pistons, Farndon cross-drilled crank, fully machined conrods, a Downton No. 2 cam, and a 12G940 head fed by twin SU H4s. The transmission uses a 22G333 gearbox casing, straight-cut close-ratios, straightcut drop gears, 4.3:1 final drive and Quaife Torsen-type limited slip. A list of the equipment includes 1964 glass windows, heated screen and trims as used on the 1965 RAC, a driver’s bucket seat with tubular frame and a co-driver’s reclining seat that are exact replicas of the originals, current Willans harnesses, a Works dash and navigator’s department that are Abingdon-correct, five extra Lucas lamps with quick-release brackets, a swivelling roof light with Aaltonen anti-glare scoop, and six genuine magnesium Minilites wheels with Yokohama A008s. The roof, body, engine, and transmission paint colors are authentic. The file accompanying the car includes a registration docu- ment acknowledging “historic vehicle” status, signed and dated Heritage Certificates that are pre- and post-rebuild, which confirm manufacturing, registration, and competition history, Abingdon build sheets, and much more. The vendor provided a collection of magazines that featured DJB 93B. SCM Analysis This car sold for $196,980 at the Bonhams Race Retro auction at Stoneleigh, U.K., on March 24, 2007. DJB 93B recorded the highest price ever paid for an ex-Works Mini in a public auction. The car sold to a U.K. private collector. Is the car worth the money? Historic rally folk do not judge a rally car in the same way as a road car. Provenance is everything and these buyers will pay a lot if this is right. The question is whether or not the restored DJB 93B has retained enough of the race-winning car to be a piece of history. For a historic rally car to maximize its value, it has to retain as many period components as possible, including its chassis (or monocoque). It has to have achieved significant results in period, and it has to have been restored by a knowledgeable specialist. DJB 93B scores on at least two of these categories, even if similarities to George Washington’s axe (three new heads, five new handles) come to mind. Buyer must be happy with provenance DJB 93B was the only Mini ever to win the RAC Rally and has a unique place in history. Although the changes made by the original Works team and the recent restorers may have been considerable, the car has an almost complete history and the buyer must have been happy with the provenance. Industry insiders were reassured because the seller was a former co-driver to Hannu Mikkola and others. Further, no one could criticize the quality of the work that went into the resurrection. The level of accuracy in the replacement bodyshell, engine, transmission, suspension, windows, seats, dashboard, and suspension is reportedly hard to fault. Rally cars lead extremely hard lives. In the tech- nological infancy of 1965, bodyshells were less strong and rally cars were re-shelled more frequently than now. Works teams and racing privateers often stripped a damaged shell of everything that could be re-used for the next event. It was reasonably common practice for Works teams to swap a number plate between several different cars that were being used simultaneously. As a result, rally car collectors are generally less obsessed with matching numbers and originality. There might be very little left of the car that won the 1965 RAC Rally, but even so, DJB 93B’s checkered past is typical. Should anyone turn up what is purported to be the original 1965 shell, competing claims to the provenance are likely to be offset by the more continuous history of this car. Restorers were rigorous about accuracy Another plus point for the buyer is that DJB 93B can be used in anger on modern historic events with a clear conscience. It has already been re-shelled out of period so another replacement bodyshell should not devalue it. If the RAC Rally had been won by other Works Minis during the model’s competitive career, DJB 93B would have been an also-ran. And if the vendor were not so exacting about the restoration, this car would be just another resurrected Works Mini. But the restorers were rigorous and DJB 93B has been beautifully rebuilt to period-correct specifications. The market has spoken as to its value.u PAUL FROST is the founding chairman of the Historical Vehicle Research Institute and recently undertook a national study of the meaning of historic vehicle ownership in the 21st century. He is editor and director of www.motorbase.com and teaches at Brighton University in the U.K. (Introductory description courtesy of Bonhams.) July 2007 55

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English Patient Gary Anderson Strangers on the Shore If the Mini you’re looking at has roll-up windows and no visible door hinges, it was made after 1969…no matter what the owner or the title claims T he success of the new Mini has meant that classic Minis are starting to reappear in the United States, despite the fact they haven’t been legally imported since 1967. However, there’s something a little suspicious about many of these cars, with their roll-up windows, concealed door hinges, wooden dashboards, leather upholstery, and fuel-injected engines. One might suspect they were made after 1967. Even Sports Car Market recently added one of these little beasties to its motor pool. So what’s the story? The first Minis were introduced in 1959, which means we’ll be celebrating 50 years of Minis soon. They were available in the United States early on and gradually grew in popularity in the 1960s. During those swinging years, the tiny but practical car became a fixture in pop culture and a force to be reckoned with on race tracks and in rallies. Unfortunately, the U.S. Clean Air Act emissions restrictions effec- tive with the 1968 model year, as well as the new Motor Vehicle Safety Act, coincided with yet another financial crisis at BMC, so 1967 was the last year Minis were officially imported to the United States. BMC morphed into British Leyland in 1969 and the Mk III was introduced, with its squared-off grille and taillights, wind-up windows, and hidden door hinges. With the upgraded models, BL consolidated the dual Austin-Morris badging into a single Mini marque. Roll-up windows tell the truth So if the Mini you’re looking at has roll-up windows and no visible door hinges, it was made after 1969... no matter what the owner or the title claims. To confirm this, check the top inner edge of the rear hatch near the latch, where the year of manufacture is plainly stamped. If it has been removed, that’s proof that not only is the car’s title questionable, but also that someone knew it. There’s a possible exception. The Rover Group, the most recent owners of the Mini marque before BMW, licensed production of the Mk III bodyshells to aftermarket com- Mini Timeline 1967–1996: What year is that Mini—really? 1967: Last model year of Minis exported to United States (nearly all Mini Cooper S version) Mk II versions of Austin and Morris Mini introduced (revised grilles and rear windows, new badges) 1971: Last Mini Cooper S produced 1974: 1275GT gets 12-inch wheels, run-flat tires, and front disc brakes 1980: Major revision of line-up; new line-up is 948-cc Mini City, 1,098-cc Mini 1000, and 1000 HL saloon and Estate. Mini 850, 1275GT, and Clubman/ Clubman Estate discontined; exports to Canada discontinued. Old enough to tip a pint, or just a toddler? panies, and these continue to be available to restorers, so there’s an outside chance that a pre-’69 version might have been restored with the new shell. But if the speedo isn’t in the center of the dash, and/or the engine doesn’t have a carburetor, it’s likely a Mini from a later period, carrying the VIN of an earlier year. Where are all these cars coming from? The story of the Mini from 1967 to 2001, when the new BMW Mini 1970 1969: Mini Clubman and 1275GT (long-nosed Minis) introduced; “Mini” becomes the marque, Austin and Morris names dropped Mk III replaces Mk II, with new (ADO20) bodyshell, windup windows, hidden door hinges; Mini Cooper (998 cc) dropped; Mini Cooper S continues; line-up whittled down to Mini 850, Mini 1000, Clubman, Clubman Estate, 1275GT, and Mini Cooper S 56 Sports Car Market 1975 1975: British Leyland Corporation reorganized in government bailout 1980 1981: BL cars reorganized into Austin-Rover Group

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replaced it, is an interesting one. When the new management at British Leyland took over BMC in 1968, they never intended to keep on making what they saw as a silly little car. So at the same time they made the slight changes to the Mk III, they introduced a newer model, called the Mini Clubman. The Clubman had a longer and more square nose, squared-off body, grotesque square grille, and square instrument cluster squarely in front of the driver (sense a theme here?). Buyers would flock to the Clubman The idea was that folks would flock to the restyled, upgraded model and leave the old Mini behind. Longterm plans specifically indicated that the classic Mini was to go out of production. But like the Energizer Bunny, or one of those horror film serial killers with long fingernails or goalie mask, the original Mini couldn’t be killed. (Citroën tried to replace the agricultural 2CV with the semi-streamlined Dyane, but when did you last see one of those?) Even without the U.S. market, Mini sales grew and hit a record high 318,475 in 1971—a production number BMW doesn’t even have in its current five-year plan for the new Mini. How can you argue with demand like that? The classic Mini continued to sell in strong numbers throughout the 1970s, so BL continued to produce it, though they discontinued the Mini Cooper S in 1971 because the new management resented paying royalties to John Cooper. Over the decade, annual sales never dipped below 200,000, a number that BMW has only now managed to exceed with the new Mini in 2006. However, BL still thought the old Mini’s days were numbered, and development money was poured into models like the Mini-Metro, Triumph Acclaim, Austin Maestro and Montego, and Rover 800 and 200, none of which anyone can recall today. For the Mini, product development consisted of inventing new special editions each year, using names and themes like Mary Quant, City, 850 Super DeLuxe, Mayfair, Ritz, Chelsea, RedHot/JetBlack, and others, each of which was produced in small, numbered runs. And the Italians got into the act, licensing the basic technology and styling and then improving on it to produce the Innocenti Mini, which was made from 1966 through 1993. By 1990, things had come full circle, with the company now known by the name of its primary surviving marque as the Rover Group. The Rover Mini, along with the Land Rover and Rover sedans, soldiered along with the company now owned by British Aerospace, a government expedient to keep at least some auto manufacturing jobs in Britain. Cooper finally revived in 1990 With over five million Minis sold by 1986, a lot of clubs and enthusiasts in Britain were as rabid then as the new cult is proving now. The drum beat of “revive the Mini Cooper” rolled on relentlessly. Finally in 1990, the Cooper name again appeared on a Mini, first as just a performance upgrade and then as a specific model with excellent performance. The Rover Mini and Mini Cooper S continued in production until the plant was finally phased out in 2000 as BMW prepared to launch the new Mini. But corporate memoranda from meetings in the late 1990s indicate that Rover management (aside from a few diehards) believed to the end that the Mini was just a marginal brand that should have been replaced long ago. BMW management, by contrast, realized the Mini was more than that. It had long since passed into the realm of brand icons like Coke and Xerox, names that had a life and value of their own. So out of the dying grasp of the Rover Group, BMW snatched a trophy. Limited editions returning The new long-wheelbase Mini that will be introduced this fall is named the “Clubman” after that first attempt to restyle the old Mini, and BMW is already using the limited-edition strategy. There is a Mayfair, a Sidewalk, and a John Cooper edition, among others. Looking back over the period from 1967 to 2001, we in the United States were largely unaware—with the mere 10,000 or so Minis left stranded on our shores—of the millions of Minis overseas. Many of these have slipped into the States through gray market channels, though U.S. Customs is now aware of most of these. However, the federal government, and most states, are willing to accept any foreign car more than 25 years old as exempt from EPA and DOT regulations, so more of these Minis—with fairly recent technology and quality—will be coming in. There are some nice Minis to be had out in the world, and as the staff at SCM is now learning: if you don’t mind being the smallest four-wheel thing on the road, you can have a lot of fun for the money.u GARY ANDERSON is the founder of MC2 (www.mc2magazine.com), the magazine for Mini owners and a three-time participant in the Monterey Historic Races. 1982: Estate bodystyle discontinued; Mayfair replaces 1000 HL 1984: Entire line-up gets 12-inch wheels and disc brakes 1988: Rover Group acquired by British Aerospace Group 1989: Mini Cooper S conversion kits introduced 1991: Fuel injection and catalytic converters introduced on Cooper S; Cabriolet introduced 1994: Rover Group acquired by BMW; Fuel injection introduced on Sprite and Mayfair 1985 1985: Center gauge pod replaced by binnacle over steering column 1990 1990: Series production Rover Mini Cooper S introduced 1992: 1000 discontinued; City replaced by Sprite 1995 1996: Model line-up revised to Rover Mini, Mini Cooper S; Cabriolet, Sprite, and Mayfair discontinued; Radiator moved to front of engine. July 2007 57

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Etceterini & Friends Profile 1926 Bugatti Type 39A Grand Prix In valuing a race car, some of the usual rules don’t apply. This car has had its frame replaced. Does that make it less valuable? Perhaps not by Donald Osborne Details Years produced: 1926–29 Number produced: 10 SCM Valuation: $700k–$2m Tune-up: $1,000 Distributor cap: $500 Chassis #: Brass tag on left firewall, also on engine Engine #: Left rear mounting flange on block Club: American Bugatti Club, 600 Lakeview Terrace, Glen Ellyn, IL 60137 More: www.americanbugatticlub.org Alternatives: 1925 Alfa Romeo P2, 1926 Maserati Tipo 26B, 1926 Delage 155B SCM Investment Grade: A Comps Chassis number: 4802 W ithout doubt, Ettore Bugatti found his feet as an internationally recognized manufacturer of high-performance motor cars in 1926. The Type 39A was his first supercharged racer that really worked and gave little if any teething trouble. The 1926–27 Grand Prix Formula demanded cars of no more than 1,500 cc, with a minimum weight of 1,320 lbs, 110 lbs less than the limit for the 2-liter Grand Prix category of 1924–25. Riding mechanics were not required and a cover was permitted for the unoccupied second seat. Bugatti modified his successful and highly reliable Type 35 straight-8 cylinder engine design to match this new capacity. To achieve maximum horsepower and torque, these 1.5-liter engines were now supercharged, the first time a Grand Prix Bugatti employed forced induction. This smaller-engined but now “blown” Type 35-derived model emerged from the Molsheim factory as the Type 39A. The 1926 Bugatti Type 39A offered here—chassis serial 4802—began life as the first of three sequentiallynumbered 1,493-cc supercharged two-seat cars built for the new 1.5-liter 1926 Grand Prix Formula. Bugatti’s own supercharger was based upon the Moglia prototype and fitted to his three entries for the French Grand Prix. The radiator was moved forward slightly to provide space for the blower drive, while a tell-tale feature was provision of a round hole in the right side of the engine hood adjacent to the manifold relief valve blow-off port. Driven by Mr. Bugatti’s friend and agent Bartolomeo “Meo” Costantini, 4802 finished second to Jules Goux’s similar Type 39A in the season’s inaugural event on the Miramas circuit near Marseilles. Unfortunately, only Bugatti reported for duty that day, sportingly running a walkover race for his 58 drivers Costantini, Goux, and de Vizcaya. Goux won from Costantini, the only two finishers. But the Type 39A worked and scored three Grand Prix wins to one for Delage and one for Miller (in the Indianapolis 500, which counted for the Championship.) The Meo Costantini Type 39A took two second places and one third in its four Grand Prix-class races during 1926, making an important contribution to the Bugatti World Championship for manufacturers, the first such championship to be organized. Never one to miss a commercial opportunity, Bugatti frequently retired the team’s Grand Prix cars, replacing them with newer vehicles and selling them to buyers who could bask in their racing history. That seems to have been the case with the three 1926 works Bugatti Type 39As. The engines were modified to the latest Type 39 specification, then offered for sale in 1927 through the company’s fashionable showrooms in central Paris. This car may even have had its frame replaced as part of the post-season factory refurbishment. Bugatti 4802 has been carefully maintained, and has participated in a number of North American events, including the Copperstate 1000, historic races at Laguna Seca, Loudon, and Lime Rock, and concours at Loudon, Castle Hill, and Pebble Beach. Overall, 4802 retains all its main mechanical com- ponents, save for its larger radiator and supercharger, both of which are major enhancements. And as for the cachet of having been one of the first three supercharged Grand Prix Bugattis ever built, we commend 4802 as a very special example indeed of Le Pur Sang. 1935 ERA D-type Lot# 738, s/n R4D Condition: 3+ Sold at $670,395 Brooks, London, 12/1/1998 SCM# 19543 1932 Alfa Romeo Type B P2 Lot# 239, s/n 5006 Condition: 2 Sold at $2,100,00 RM, Monterey, CA, 8/19/2005 SCM# 39191 1933 Maserati GP Monoposto Lot# 233, s/n 2011 Condition” 1Sold at $457,200 Bonhams, Chichester, UK, 9/1/2006 SCM# 43014 Sports Car Market Photos by Sean Smith

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SCM Analysis This car sold for $1,175,000 at the Bonhams & Butterfields Brookline, Massachusetts, sale on April 21, 2007. The Bugatti Type 35 Grand Prix car is one of the icons of competition history. It was successful and combined a purity of form with a raw mechanical presence. The Type 39A was one of the first supercharged Bugattis, developed from the Type 35, but with reduced stroke to meet the 1.5-liter limit. One of the drivers who took this new model into competition was Bartolomeo “Meo” Costantini. He was a WWI fighter ace born in 1889 who began his auto racing career before the war in 1914 and continued until 1927. He was successful, with results in 15 major and two minor Grands Prix, and four wins and 12 top ten finishes to his credit. Among his results were two second places and one third place in this particular Bugatti Type 39A in 1926. Earlier changes seem to matter less In valuing a race car such as this, some of the usual rules don’t apply. The primary identifier of any car is the frame, and this car most likely has had its frame replaced. Does that make it less valuable? Perhaps not. Prevailing opinion holds that the earlier changes such as this were made, the less it seems to matter. Based on the records of the Bugatti club and other sources, the new frame was installed shortly after the end of 4802’s factory competition career and before it was sold into private hands. There is little doubt the frame it has today was the one installed then, with this serial number. Since its first-line European racing career, 4802 has spent most of its life in the U.S., with its first American owner being Horace Dodge. Rumors suggest that he may have sponsored its entry in the Indianapolis 500, but proof is lacking. More recently it has been an active vintage racer on the East Coast, with many appearances at the Fall Vintage Festival at Lime Rock Park in Connecticut, as well as on the Copperstate 1000 vintage rally in Arizona. It is prepared to a very high visual and mechanical standard and is ready to run. As such, it represents the “working” end of the vintage race car market. Objets d’art or sports equipment Miles Collier, noted collector of sports racing cars, sees in this a trend. “We’ll see a bifurcation in the population of collectible cars between museum and userquality—an objet d’art and a piece of sports equipment.” Speaking of the very original Bugatti Type 35C sold by Gooding & Company at their 2006 Pebble Beach auction for $2.6 million, Collier points out it will never see a race track again. “If it did run, a lot of its value would be compromised. On the other hand, one that has been used more and has more replacement parts can actually be driven as intended.” While this Type 39 cannot be said to be the most original example of the ten made and was not driven by one of the more famous Bugatti pilotes, it’s certainly one of the most usable. Any of the Type 35 variants must be counted among the most desirable vintage race cars one could own, and this one, with a known history and superb preparation, has to be judged as correctly valued.u DONALD OSBORNE is the principal in appraisers Automotive Valuation Services. His articles on collector cars have appeared in the New York Times. (Introductory description courtesy of Bonhams & Butterfields.) July 2007 59

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German Profile 1960 Porsche 356B Super Roadster While some favor the recklessly dashing profile of the Speedster, the Roadster is a far more usable and durable car by Jim Schrager Details Years produced: 1960–62 Number produced: 2,902 Original list price: $3,600 (1960) SCM Valuation: $65,000–$75,000 Tune-up: $200 Distributor cap: $15 Chassis #: On horizontal bulkhead under front hood Engine #: Stamped below generator on third piece of alloy engine case Club: 356 Registry, 27244 Ryan Road, Warren, MI 48092 More: www.356registry.org Alternatives: 1963–68 Alfa Romeo Giulia, 1954–64 Mercedes-Benz 190SL, 1955–61 Triumph TR3, SCM Investment Grade: B Comps Chassis number: 87485 W hen Porsche introduced the improved 356B in 1960, the Speedster was succeeded by the Roadster. This was a change in name, even though both cars, and the interim Convertible D in between, remained at the bottom of the Porsche price schedule. In addition to the new name, the 356B delivered meaningful changes to the chassis, body, engine, and transmission. Larger Alfin brake drums were standard, there was a new transmission and shift lever design, and the 356B bodies had raised headlights with more serious bumpers. Engines were both improved in reliability and power, with a new pushrod variant, the 90-hp “Super90” joining the 60-hp “Normal” and the 75-hp “Super.” The Roadster offered here has recently undergone a two-year comprehensive restoration that began with the dismantling and examination of all the parts and components. The car was then stripped to bare metal and installed on a rotisserie. Doors and lids were fitted to the body panels, epoxy-sealed, painted, color-sanded and polished. All rubbers, seals, and gaskets were replaced. Trim was replaced or replated while new floors, battery pan, and longitudinals were also installed. The engine and transmission were rebuilt utilizing new German hardware and the exhaust system was replaced. The interior received the same attention as well, with all electrical components restored or replaced, including the fitting of a new wiring loom. All instrumentation was rebuilt. The interior features correct German carpeting, vinyl, and leather. The seat frames are powder-coated and match other interior trim pieces. The silver paint- 60 work and red interior are both in overall excellent condition. The engine and bay are very tidy, as is the underbody and front compartment. All in all, this is an exceptionally restored example that could not be duplicated at its offered price. The Roadster is one of the rarest body styles, with 2,902 built from 1960 to 1962. This particular Roadster serves as a perfect example of the marque. SCM Analysis This 356B Roadster sold for $88,000 at RM’s Vintage Motor Car sale at Amelia Island, FL, on March 10, 2007. This sale represents either a solid value in the fast-appreciating open 356 market, or a sign that the market is settling down a bit. It is neither a fantastic bargain nor a world record, but if the market continues to appreciate, this will be a good purchase in about a year. If not, the downside should be modest. Among the 1960–61 356B cars (known as the T-5 body style), the Roadster has emerged as one of the most desirable. Don’t confuse Roadsters with Cabriolets, as both are open cars, but the Roadster has a host of small changes that end up making a big difference in the way the cars appear. The easy way to tell them apart is at the windshield, which is chrome-framed and removable for the Roadster (and for the Speedster and Convertible D), but stamped out of steel and painted body color for all Cabriolets. All 356s with chrome-framed windshields have different doors, rear cowls, tops, and interiors from the Cabriolets. These distinctions have made 1960 Porsche 356B Roadster Lot# 34, s/n 86850 Condition: 2Sold at $99,875 Christie’s, Monterey, CA 8/17/2006 SCM# 42518 1962 Porsche 356B Twin-Grille Roadster Lot# 58, s/n 89753 Condition: 1 Sold at $140,800 Gooding, Pebble Beach, CA, 8/20/2006 SCM# 42596 1961 Porsche 356B Super Roadster Lot# 363.1, s/n 89437 Condition: 3+ Sold at $41,040 Barrett-Jackson, West Palm Beach, FL, 3/19/2004 SCM# 32801 Sports Car Market Photos: RM Auctions

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the sportier open cars more desirable than the heavier, allweather, and somewhat less handsome Cabriolets. Roadster versus Speedster debate continues The Roadster versus Speedster debate is never end- ing. While some favor the recklessly dashing profile of the Speedster, the Roadster is a far more usable and durable car. So if you are a bit more practical or live outside the Sun Belt, the Roadster, with its real top and roll-up windows, makes more sense. The continual mechanical upgrades that came in large measure at the introduction of the 356B series also help to make the Roadster the better car to drive. Nonetheless, the market has long chosen the Speedster, in spite of nearly twice as many being produced, as the more valuable car. This relationship has caused Roadsters, nothwithstanding their excellent road manners and improved mechanical durability, to be available for about 30% less than similar Speedsters. This example was finished in the very desirable Metallic Silver livery with a red leather interior; however, we are not told if this is the original color combination. It would be unusual if it were, as most Roadsters were not built to customer order but were purchased by dealers to sell to those looking for the lowest-cost entry point into 356 ownership. As a result, most Roadsters were specified in the “safe” colors of the day—Ivory or one of the two reds (Signal, a light, bright red, or Ruby, a deep, dark shade). Think how many 996s you see in Metallic Silver, today’s color du jour, and you’ll understand how the more things change, the more they stay the same. Original paint and engine unknown We also don’t know if the engine and transmission were original to this car. This does have an effect on value, and generally, when no mention is made of originality, it is fair to assume the numbers do not match. In today’s hectic 356 market, a car done to “better than new” standards can still do very well, in spite of non-original colors or components. But cars less than perfect do suffer a discount for being at odds with original specifications. Lately, 356 open cars have been on a tear, and world records are being set frequently. It’s too early to tell if this is the market catching its breath, if there was a thin Seat Time Stan Hanks, Portland, OR: I’ve owned six Super 90s over the years. Three were 1960 models, and one was a very special car: s/n 108921, with engine number 800101. This was my fourth 356B, and first Super 90. I acquired it from a friend in Dallas, Texas, and had it for four years, an eternity in the catch-and-release world of cars I lived in at the time. It was an Ivory, manual Sunroof Coupe with red velour and vinyl interior. Very European, very snappy, very original. The car has to be taken in context. When new, Hanks’s Super stepping up from the 75 hp of the 1959 356A Super to the 90 hp of the 1960 Super 90 was enormous. In the world of today, where 100-plus horsepower “big bore” engines are the routine replacement when a rebuild looms, it’s a bit harder to get excited about it. I prefer the older Porsches, and think they peaked with the 356B. The car is light, very tossable, and with the extra power from the Super 90, a huge amount of fun to drive. I personally drove this car from Portland to Sedona, Arizona, and back, then from Portland to Monterey, and frequently on multi-hundredmile jaunts just to enjoy an exceptional summer day. I sold the car at Barrett-Jackson for no other reason than it was just time. Suffice it to say, if I had it to do over, I wouldn’t have made that decision. My current “driver” Porsche is a 1960 Super 90 Roadster. Other than my ’63 Carrera 2, it’s my all-time favorite 356 of the nearly two dozen I’ve had. Willard Tredway, Friendswood, TX: I owned a Super 90 from 1968 to 1971 when I was in graduate school at Texas A&M. Several memories persist: July 2007 1. The bushing for the shift linkage usually lasted about six months and then I needed to replace it or the buzzing noise drove me to distraction. 2. The handling improved measurably when I switched to radiusply tires. I bought them from Sears (allegedly made by Michelin). 3. There was nothing more exciting than going into a series of ess curves with my foot on the floor, knowing that if I let off the throttle, I would be headed in the opposite direction in a blink... probably after a quick 360. 4. Driving a car with no a/c during the summer in central Texas was akin to driving while inside an oven. 5. The car was originally red but by the time I bought it, it had oxidized to a red primer hue and sported a large black patch on the driver’s door where the previous owner had Bondoed and primed a dent. 6. The transmission shifts were, at best, imprecise. I’ve often described it as stirring a stick in a bucket of sand and gravel with your eyes closed and hoping to hit the correct gate. 7. For its day, the Super 90 was reasonably fast, but stopping with the drum brakes on all four corners was interesting. Constant adjustment helped. 8. I simply could not get the shift knob to stay attached to the shift lever. I still have a semicircular scar on my right palm—the result of an attempted downshift during an autocross. What a great car.u 61 Porsche crowd at the auction, or if we have coasted over the top. My guess would be there is life left in Roadsters, as they remain one of the ultimate pushrod 356 cars for knowledgeable Porsche buyers. So if this car turns out to be in its original colors with a matching-numbers drivetrain, let’s call it well bought. If not, and it’s just a handsome restoration, it’s a fair deal for everyone. Not a bad set of choices for this outcome.u JIM SCHRAGER wrote Buying, Driving, and Enjoying the Porsche 356 and writes for Excellence Magazine, Porsche Panorama, and the 356 Registry. (Introductory description courtesy of RM.)

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Porsche Gespräch Jim Schrager Either Rare or Well Done Will Do Rarity can matter, but a rare Porsche is not automatically collectible, just as some high-volume models are valuable Part II: Defining the Collectible Porsche Porsche Gespräch / Jim Schrager Rare and valuable, from front: 1963 904 prototype, 1967 911 “R” prototype, 1971 Works rally 911S/T , 1972 911 2.7 RS prototype L ast month in Part I, we examined why some Porsche values accelerate like an early 911S, while others lag behind like a 924 with a bad head gasket. Except for a few celebrity connections—such as Speedsters driven in the movies by the likes of Paul Newman and Steve McQueen—probable values can be established by answers to some basic questions. There are two value patterns of interest to car col- lectors. One, the “strong value” pattern, shows a price that rises but not very fast and not very far. Another pattern shows a more rapid rise and to a far higher level. “Collectible cars” exhibit a price performance that usually guarantees their value will remain high, even in severe market downturns. So, how to tell if you have a collectible Porsche? Is it a race car? Start by asking if your car is a built-by-the-factory race car. If so, you have a collectible Porsche. Since the collector car boom of the 1980s, factory race cars have been in high demand. This trend is likely to continue as collectors of all backgrounds pay homage with their wallets to Porsche’s racing success. If a street car, is it rare? Many people feel that a collectible Porsche must be rare. That isn’t true. It takes more than rarity to make a 62 valuable Porsche, and to make matters worse, some fairly common Porsches are collectible. For example, 356 Notchbacks (1,747 built) are one of the rarer pushrod street Porsches, yet their value is not increased by their rarity at all. And 911 Sportomatics are also rare yet not valuable, as are 1968 911L models. The 356A Convertible D is the rarest of the chrome-framed-windshield open cars (along with the Speedster and the Roadster), with just 1,330 Convertible Ds built, although these are the least valuable of this trio. Speedsters are true collectibles yet were built in large numbers, with 4,243 copies. Yes, by now many of those have been crashed, bashed and rusted off the road, but it is still a very large production run. So rarity can matter, but a rare Porsche is not automatically a collectible Porsche, and some models built in high volumes are collectible. Fastest or most expensive? There are a host of other predictors. If your Porsche was the fastest or most expen- sive variant when new, that always helps. The 356 4-cam Carreras, for example, are both quite rare and were at the top of the production car line. This makes them a good bet to be collectible, which means we can expect a price above the price of a new 911 Turbo. As noted in our first installment, we can tell if a Porsche is collectible when its price is above the current price of the most similar new Porsche. The 911 Turbo is the closest current model to the 356 4-cam, as both had a special engine in a street chassis and were the most powerful Porsches of their era. Was it a period icon? Period race history or use of the car as a popular icon in movies, books, posters and other media, along with ownership by celebrities, are other indicators that a Porsche may be collectible. Collecting cars for most of us is a hobby that depends on significant Sports Car Market

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capital. There is often a long waiting period, perhaps decades, when all we can do in pursuit of the hobby is watch, wait and plan. Collectors are influenced by the images seen during this long delay when dreaming is about all we can do. Beginning or end of an era? Finally, Porsches at the beginning of an era or end of an era are also likely to be collectible. The 904, in addition to being rare (with about 120 built), was the last race car also able to be certified for street use as well as the last time the 4-cam Carrera engine was called into service. It was the end of a wonderful era and at the same time the beginning of the 6-cylinder epoch, as some 904s were equipped with the new 911 motor. It was the first car designed by Ferry’s son, Butzi, who would go on to pen the timeless 911 design. Can it be high volume and collectible? Now let’s look at some additional examples and see what we can say about how they fit into our model. The 1954–1958 356/356A Speedsters are a high volume street car that nonetheless are verified collectibles. Although not rare, expensive or especially fast, Speedsters were the beginning of an era of race-winning 356 production cars, and a popular icon in movies, books, posters and race tracks. Speedsters provide guidance as to why some Porsches are collectible while others are not. The 1973 Carrera RS is one of the most recent cars to enter the collectible stable. We compare a Touring model RS to the Turbo, as both are the highest horsepower street cars of their day; we compare a Lightweight RS to a GT3. Is the RS a race car? The Touring cars aren’t, but some lightweights are. Is it rare? With about 1,500 Touring models made, they aren’t really rare. We judge rarity for Porsches at less than about 200 units. Yes, it was the fastest and most expensive in its day, and yes, it was the end of the original 911 bumper body. It was also the beginning of serious production-class 911 racing by the factory and the subject of many posters and scale models. Many items must be reviewed to understand why certain cars may be collectible. Some hard rules apply, such as if your car is a factory race car, but in other cases, like the issue of rarity for street cars, the rules become less clear. But in all cases, understanding the potential of your car to become collectible lies in seeing how the market has moved Speedster #004, one of many, but early enough to stand out in the past, and applying those well-established patterns to the future. So what’s my car worth? Once you’ve decided if you have a collectible, there are three additional issues you must wrestle with to determine the value of your particular car—the condition of the car, the general market trends, and how you plan to market it. We’ll address those issues in the third and final installment of this series on collectible Porsches.u JIM SCHRAGER’S latest book on the early 911 will be published in late 2007. An earlier version of this story appeared in Panorama, the magazine of the PCA. July 2007 63

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American Profile 1953 Muntz Jet It cruises well in a straight line but corners like a barge and stops as quickly as a Forrestal-class aircraft carrier by Bill Warner Details Years produced: 1950–54 Number produced: 394 approx Original list price: $4,500 SCM Valuation: $50,000–$85,000 Tune-up: Under $100 DIY Distributor cap: $25 approx (Ford or Cadillac) Chassis #: On right hand front door jamb Engine #: Depends on engine fitted Club: The Muntz Registry, c/o V. A. Munsen, 21303 NE 151st , Woodinville, WA 98077 More: http://members.aol.com/miray Alternatives: 1954 Kaiser Darrin, 1953–55 Chevrolet Corvette, 1955–57 Ford Thunderbird SCM Investment Grade: C Comps Chassis number: DR141664CAL I n the annals of automotive history, there have been few hucksters, snake oil salesmen, and promoters as bizarre as Earl “Mad Man” Muntz. Muntz made and lost a fortune in the automobile business, first selling used cars to service men returning from WWII and later as a Kaiser-Frazer dealer in Chicago. After WWII you could sell anything with wheels, and the Mad Man did a good job of it. As Kaiser-Frazer’s future dissolved, Muntz turned his attention to television and stereos, marketing the Muntz TV, an entry-level home television, and the Muntz four-track stereo, which he sold to Bill Lear. He still had his used car operation in Los Angeles and would advertise about his wares that, “I would give them away, but my wife won’t let me.” It wasn’t enough to sell TVs and used cars; Muntz wanted to be in the manufacturing business. About this time, race car builder Frank Kurtis de- signed and built a two-seat sports car that featured a modern American V8. Kurtis was pressed for funds; Muntz had money and bought the design. Early cars were two-seaters, but soon after the acquisition, Muntz had the cars stretched into four-seaters, powered by a Lincoln flathead V8. The first cars were built in Glendale, California, but production later moved to Muntz’s hometown of Evanston, Illinois. Muntz maintained residences in L.A. and Chicago, and through his flamboyant sales pitches, he was known far and wide. Jokes about him were heard regularly on radio programs like “The Bob Hope Show,” “The Jack Benny Program,” and “Amos and Andy.” He was a selfmade celebrity who named his daughter “TeeVee” to promote his later endeavors. Muntz employed actor Victor Mature to hawk his cars to the stars and his TVs to the workers on the movie 64 sets. Muntz Jet serial numbers were erratic but estimates range as high as 394 cars being built. The Glendale cars featured aluminum fenders, hood, and deck lids, and flathead Lincoln V8s with Hydramatic transmissions. Later cars were all steel, and a few of the last had fiberglass fenders. Mature was good at his job, and many celebri- ties bought Muntz Jets. They included Ed Gardner (Archie from the radio show “Duffy’s Tavern”), Mickey Rooney, Mario Lanza, Grace Kelly, Western star Lash LaRue, orchestra leader Freddie Martin, actress Gloria DeHaven (a pink one), and radio personality Alex Drier. To own a Muntz in 1950s Hollywood was a big deal. The list price was $4,500, which was big money, and for that you got a sleek sportster with either a Lincoln or a Cadillac engine. Wild interiors could be synthetic snake or iguana skin, or leather, and you could get a Carson lift-off top, Appleton spotlights, and an engine-turned instrument binnacle with Stewart Warner gauges. The choice of colors was up to the customer, but by and large, they were wild pastels—purple, blue, salmon, pink. SCM Analysis Two Muntz Jets were sold at RM’s Phoenix Auction on January 19, 2007. The stock 1953 car shown here netted $68,750; the customized 1952 Muntz went for $134,750. I’ve owned Muntz s/n M243 for over seven years. It’s metallic purple with a white synthetic iguana skin interior. Mine is an Evanston car with a flathead Lincoln and is purported to be the Grace Kelly car, for whatever that is worth. It cruises pretty well in a straight line, but corners like a barge and stops about as quickly as a Forrestal-class aircraft carrier at full speed. 1954 Kaiser Darrin Lot# 355, s/n 3495168 Condition: 1Sold at $46,200 Mecum, St. Charles, IL, 10/31/2003 SCM# 36602 1957 Ford Thunderbird Lot# 345, s/n E7FH211152 Condition: 2 Sold at $55,620 Silver, Fort McDowell, AZ, 1/19/2007 SCM# 44097 1954 Chevrolet Corvette Lot# 235, s/n 0273609F54YG Condition: 2+ Sold at $126,500 RM, Amelia Island, FL, 3/10/2007 SCM# 44637 Sports Car Market Photos: RM Auctions

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50 or so driveable cars left A Muntz has a mixed personality. It can be a sports car (albeit a soft one), or a Hollywood custom—low, sleek, and a bit absurd. It is estimated that there are 50 or so driveable cars left, and those who own them are passionate about them. Three individuals I know—Gerry Sutterfield (West Palm Beach, FL), Don Marsh (Columbus, OH), and Alex Quattlebaum (Charleston, SC)—all own multiple examples. Perhaps they know something the rest of us have missed. The two cars sold at RM’s Phoenix auction are really different and represent the broad price range of Muntz cars. The customized car that was built for orchestra leader Freddy Martin (5M-246) was restored to a fine level. It was shown at Amelia Island in 2006, and although the styling is a bit over the edge, the car is perfect. The $134,750 price was really strong, but perhaps I’m a bit out of touch in this market. On the other hand, this car, built for Gloria DeHaven, was in fair condition. At $68,750, and though missing some trim pieces, it represents a good buy for a rare piece of Hollywood history. With ’53–’55 Corvettes bringing over $100,000—and in some rare cases, over $200,000—a Muntz is a bargain, and much rarer to boot. Parts are relatively easy to find, as the running gear, suspension, and many trim pieces (door handles, windshield and quarter window frames) are all 1949 to 1951 Ford. Engines are either Lincoln (both flathead and pushrod) or Cadillac. There was at least one Chrysler Hemi-powered Muntz. Hubcaps are Cadillac sombreros with Muntz center discs, and the bumpers were adapted from a GMC bus. On most cars, the parking and taillights are modified Chevrolet pickup. These cars are subject to rusting, and the doors have a tendency to sag, so it behooves a potential buyer to check carefully under the car at the floors and to examine the door fit. The side windows and top never did fit very well. For not-crazy money, Muntz cars offer a chance to make an individual statement. You’re buying a near-custom creation, but with more appeal than a pure one-off. It’s powered by a bunch of Ford and NAPA parts, so keeping it running will never be an issue. Most important, every time you drive it, you remind the world of one of America’s flamboyant entrepreneurial personalities.u BILL WARNER is a 30-year racer, Road & Track Contributing Editor/Photographer, Meguiar’s Hobby Person of the Year 2002, and Founder and Chairman of The Amelia Island Concours d’Elegance. (Introductory description courtesy of RM.) July 2007 65

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Race Car Profile 1962 Lotus 25 F1 Elimination of the tube frame allowed a more compact shape, and if you are bigger than 5’ 10” and 160 lbs, you’ll never fit by Thor Thorson Details Years produced: 1962–63 Number produced: 7 Original list price: n/a SCM Valuation: $1 million for this car, on this day Cost per hour to race: $1,750 Distributor cap: $400 Chassis #: Tag on dash Engine #: Stamped on side of block Club: Historic Grand Prix Cars Association, 106 Gifford Street, London N1 0DF, UK More: www.hgpca.net Alternatives: 1964 BRM P261, 1962 Lotus 24, 1965 Brabham BT11 SCM Investment Grade: A Comps Chassis number: R5 I t is no overstatement to say that the Lotus 25 revolutionized Formula 1 car design. It was a complete break from conventional thinking, advanced even for Colin Chapman, and its significance must be one of the best-kept secrets in motor racing. Colin Chapman said the inspiration came from the steel backbone frame of the new Lotus Elan and the improved stiffness it gave. Would it work on a single seater? The idea came about from a meeting with Mike Costin, from which Chapman went home with a napkin and some sketches. Although the Lotus 25 was not the first monocoque single-seater racing car, it was the first to prove the efficacy of monocoque design in Grand Prix racing. Based around two D-section tubes placed back to back and held in place with fabricated front and rear bulkheads, the chassis drew further strength from the instrument panel and seat back. Having the engine and gearbox bolted directly to it helped boost rigidity as well. This design was the brainchild of Colin Chapman and the car was arguably the grandfather of all current-day Grand Prix cars. SCM Analysis This car sold for $959,470 at the H&H Cheltenham Racecourse auc- tion, March 1, 2007. Though it’s a strong statement to make, the Lotus 25 is unquestionably one of the most significant designs in the history of Formula One. Like the Lotus 49 that came along five years later, in the course of a single season it redefined how serious contenders from that point forward would be designed. The innovation in this case was the monocoque chassis, so light and stiff that it changed the rules overnight. The monocoque concept seems simple and intui- 66 tive to us now, but at the time it was revolutionary. Automobile design evolved from the wagon, and until the ’50s retained the basic layout of a couple of rails side by side with engine, body, and suspension bolted onto them. It was simple and cheap, but heavy and intrinsically very flexible. If you wanted performance, spring rates and suspension settings had to be kept very stiff because the chassis itself was effectively a huge secondary spring. The great racing designs of the late ’30s and ’40s (particularly Alfa Romeo) actually calculated chassis flexibility into their designs. In the early 1950s, tubular space frames arrived on the scene and provided the next big step in racing car design. An offshoot of aircraft design, space frames took the old two-dimensional platform and added a third dimension, making a triangulated box that was much better at carrying the various loads that racing a car put into it. They were complicated to build, but relatively light and stiff. For ten years, they were the paradigm that became accepted practice. Eliminate tubes and stress the skin The next step was to eliminate tubes and build a structure by stressing the outside skins of the bodywork, which is what the Lotus 25 did, and race car design has not been the same since. The great stiffness (particularly torsional, or twisting, stiffness) and lighter weight of the structure allowed a much softer, more supple suspension setup that in turn made it much easier to keep the tires attached to the track. If you want a personal demonstration of this, try driving a Triumph TR3, followed by an E-type Jaguar. The difference will be obvious. The other big 1967 Brabham BT20 F1 Lot# 333, s/n F1266 Condition: 2+ Sold at $533,498 Christie’s, Paris, FRA, 2/16/2007 SCM# 44298 1962 BRM P578 F1 Lot# 241, s/n 5783 Condition: 1 Not sold at $396,000 Bonhams, Monte Carlo, MCO, 5/15/2004 SCM# 34124 1962 Lotus-BRM T24 F1 Lot# 718, s/n P2 Condition: 1 Sold at $176,754 Brooks, Goodwood, UK, 6/11/1998 SCM# 15944 Sports Car Market

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advantage was that elimination of the tube frame allowed a more compact shape that would still hold a driver, albeit a small one; if you are bigger than 5′ 10″ and 160 lbs, you’ll never fit in a Lotus 25. The Lotus 25 showed up part way into the 1962 season and was for all intents the same as the space-framed Lotus 24 that had run the first races (and was sold to outside customers), except for the monocoque chassis. The suspension, engine, transaxle, etc. were effectively identical, but it was 45 pounds lighter and three inches narrower (less frontal area) than the 24. After a few races to sort things out, Jim Clark and the 25 were the car to beat, with Clark and Lotus losing the championship to BRM in the last race of the season (driving chassis R5) when the engine failed while in a comfortable lead. In 1963, the 25 continued as the dominant car, and Clark easily won the championship with seven victories. The issues surrounding this particular example are interesting and pose certain di- lemmas. Chassis R5 was constructed in time for the last race of 1962, where it was Clark’s mount until the engine failed. The car had significant use in early 1963 with Clark, then was given to Trevor Taylor, the number two driver at Lotus. At Spa the suspension failed and the car was very badly crashed. It was taken back to the factory, stripped down to the broken tub, and stashed in a corner awaiting the trash man, as it was easier to build a new car than to repair a broken one. As a car per se, R5 ceased to exist. Recreated from salvaged parts Cedric Selzer (a Lotus engineer at the time) was apparently given permission to remove the broken tub and various other “redundant parts,” which he did, stashing them in a garage near London. This would have been in 1963. Over the following years, he accumulated a substantial quantity of Lotus racing spares, all duly stored in various lockups around London. In the early 1980s, Selzer was able to buy a correct Climax V8 engine in Detroit. In 1984, twenty-one years after the car was effectively destroyed, Selzer and a friend decided to recreate R5 from the pieces they had accumulated. There is some controversy among people who care about these things about how much original stuff there was, ranging from most of an unusable wrecked monocoque to no more than a shoebox full of bits, but there is no claim made that there is any 1962 metal in the car as it exists today. The catalogue was remarkably (refreshingly, some would say) candid and complete in its candor: the car is a “recreation” rather than a “replica,” basically on the strength of a tenuous (but uncontested) historic continuity with the destroyed R5 chassis. This car sold for a million bucks, more or less, which is a huge amount of money for any English Formula One car, and it did so with full disclosure that it wasn’t an original anything, just a recreation of a destroyed chassis. Does this make any sense? Actually, it does, and the reasoning is simple. The Lotus 25 is a hugely important car in racing history. A total of seven were built, and of these I think six (including this one) still exist. The others are all in museums or serious collections, and only one of those is reputed to be a running car. Quite simply, this is the only Lotus 25 you could buy, and the only one that is actually able to race. It’s good enough and important enough to be welcomed anyplace you want to enter, and it’s quick enough to run at the front of any 1.5-liter F1 grid. Whoever bought it knew exactly what he was buying when he raised his paddle. If you want the history, beauty, and competitiveness that a Lotus 25 represents, that’s what it costs in today’s market. I’d say it’s a rational, if expensive, purchase.u THOR THORSON is president of Vintage Racing Motors of Bellevue, WA, and is heavily involved with vintage racing and “adrenaline” collector cars. He has been an active vintage racer for 25 years. (Introductory description courtesy of H&H.) Fantasy Junction 1145 Park Avenue Emeryville, California USA 94608 Phone: (510) 653-7555 • Fax: (510) 653-9754 www.fantasyjunction.com Investments in special interest, classic and high performance cars 1939 Bugatti T57 Stelvio, s/n 57740. Elegant and highly desirable Gangloff raked windshield convertible bodywork. Beautifully restored example in stunning color combination and jewel like detailing. $695,000 1983 Porsche 956, S/N 111. Excellent condition throughout. Fully sorted and race ready. including 7th at LeMans in 1984. Schuppan. Some spares. $595,000 Great history as Brun team car 1st at 1986 Fiji 500 with 1954 Maserati A6GCS, S/N 2053. Desirable and competitive car. Restored. Eligible for all events. Ideal entry for Ferrari Challenge $200,000 in additional receipts from Epifani Restorations. Great provenance. FIA Historical Technical Passport pending. $1,500,000 July 2007 1952 Cunningham C4R Continuation, S/N R5222. One of the three continuation cars built by the Cunningham family. Highest accuracy and quality of workmanship throughout. Low miles. Proper Chrysler 331 Hemi. Includes set of Cunningham brake drums. $225,000 67

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Market Reports Overview Column Author 403 Cars Bring $24m Collections again brought impressive numbers—both in sales totals and sold percentages by Jim Pickering F irst-rate collections have a strong track record of bringing notable results within the auction world, both in terms of sales percentages and end-of-sale gross dol- lar totals. This was the case at Gooding’s Otis Chandler sale, which brought $36m in October ’06, as well as Bonhams & Butterfields’s Frank Cooke Collection sale that brought $1.7m in September ’06. Collections again made headlines over the last few months, and SCM’s analysts were there to witness the events unfold. Auction analyst Greg Riley made his way Sales Totals RM, Marshall Bonhams & Butterfields, Brookline McCormick, Palm Springs Motley’s, Richmond Shannons, Melbourne O’Gallerie, Portland to Marshall, Texas, on April 20 and 21, for RM’s sale of the Gene Ponder Collection, where 100% of the lots sold for a final total of over $11.7m. Riley noted that Ponder’s eye for quality was evident in both the cars offered and the prices paid, as almost everything available brought north of pre-sale high estimates. On the same weekend in Brookline, Massachusetts, SCM Contributing Editor Donald Osborne was in attendance at the Bonhams & Butterfields Collectors’ Motorcars and Automobilia sale, featuring another group of items from the Frank Cooke Collection (for the first group, see January, “Market Reports,” p. 82). The talk of the sale was a 1926 Bugatti Type 39A Grand Prix racer that sold post-block at nearly $1.2m. Fifteen more cars were offered this year, and a total of $3.6m—combined with an increase of 1% in the final sales percentage—was good news for the market as a whole. Melvin Walker’s collection of motorcycles was sold by Portland-area auction house O’Gallerie in February, and SCM Copy Editor Bill Neill was in attendance to report $11,732,600 $3,614,203 $151,080 $1,387,485 $2,500,000 on the high-quality bikes offered. Prices were strong for most of the consignments, as they were in excellent unused condition. Some, however, needed a little work to be rideable. Harley-Davidsons topped the list of results, with plenty of examples from British, Italian, and Japanese marques following closely behind. Neill got to watch SCM contributor and motorcycle guru Tom Young in action, as he deftly snapped what he called, “the best deals of the auction.” Of course! In March, Auction Analyst William “Chip” Lamb traveled to Richmond, Virginia, for a sale of collector Percentage of Cars Sold 100% 80% 60% 40% 20% RM Marshall 68 Bonhams & Butterfields Brookline McCormick Palm Springs Motley's Richmond Shannons Melbourne O'Gallerie Portland Sports Car Market 2007 2006 2005 2004 2003 2002 $4,685,443

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O’Gallerie (O) Portland, OR, p. 112 McCormick Auctions (Mc) Palm Springs, CA, p. 84 RM Auctions (RM) Marshall, TX, p. 70 cars held by Motley’s Auction and Realty Group, in conjunction with the Richmond Auto Auction. The highlight of the event was a group of cars consigned by the U.S. Marshals service, all of which had been seized during the breakup of a Ponzi scheme run by one James E. Brown, Jr. A Mercedes-Benz SLR McLaren topped the list of sales at $320,000, closely followed by a Maybach 62 saloon that brought $240,000—both decent deals for low-mileage, high-quality examples, and among the very first openmarket tests of what these highly-vaunted cars are really worth when offered for resale. McCormick’s 42nd Palm Springs Auction took place in late February, and Contributing Editor Carl Bomstead SCM 1-6 Scale Condition Rating: 1: National concours standard/ perfect 2: Very good, club concours, some small flaws 3: Average daily driver in decent condition 4: Still a driver but with some apparent flaws 5: A nasty beast that runs but has many problems 6: Good only for parts July 2007 Motley’s (M) Richmond, VA, p. 96 Bonhams & Butterfields (BB) Brookline, MA, p. 116 Shannons (S) Melbourne, AUS, p. 102 noted that this year’s smaller grouping of cars brought higher totals than in years past. Consistency has been one of McCormick’s strong points throughout the company’s recent sales, and a $4.6m final take and 61% sold further solidified both that trend and McCormick’s place in California’s classic and collector car market. Shannons’s Melbourne International Motor Show Auction was held in mid-March, and SCM’s Australian Auction Analyst John Clucas watched as a 1948 Mercedes-Benz A320-W142 cabriolet crossed the block and made high sale honors at $275,068. Muscle cars were big sellers, which suggests that muscle down under is not following the same U.S. market downward trend. Fewer cars were offered, but the company still produced strong results, to the tune of 80% sell-through and $1.4m. Race cars were the source of inspiration for Geoff Archer in his report on eBay Motors, including track-ready examples as well as some that might have a little trouble passing their technical inspections.u Top 10 Sales This Issue (Land Auctions Only) 1. 1926 Bugatti Type 39A racer, $1,175,000—BB, p. 120 2. 1951 Bugatti Type 101 coupe, $990,000—RM, p.80 3. 1939 Alfa Romeo 6C 2300 short chassis spyder, $924,000—RM, p. 80 4. 1953 Aston Martin DB2/4 drophead coupe, $847,000—RM, p. 74 5. 1938 Bugatti T57 SC Corsica roadster, $836,000—RM, p. 77 6. 1932 Bugatti T55 Replica roadster, $693,000—RM, p. 77 7. 1934 Duesenberg Model SJ boattail speedster, $660,000—RM, p. 82 8. 1955 Mercedes-Benz 300SL Gullwing, $506,000—RM, p. 80 9. 1956 Arnolt-Bristol coupe, $451,000—RM, p. 82 10. 1967 Ferrari 330 GTS spyder, $418,000—RM, p. 80 1. 1962 Jaguar XKE SI convertible, $68,750—RM, p. 77 2. 1954 Pontiac Chieftain 2-dr sedan, $7,665—Mc, p. 90 3. 1926 Bayliss Thomas Chummey roadster, $28,212—S, p. 106 4. 1912 Pierce-Arrow Model 48 4-dr touring car, $392,000—BB, p. 122 5. 1966 Chevrolet Corvette coupe, $52,500—M, p. 100 69 Best Buys

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RM Auctions Marshall, TX Column Author The Ponder Collection Thirteen of the 49 lots offered commanded prices in excess of $250,000, with seven of those bringing north of $500,000 Company RM Auctions Date April 20–21, 2007 Location Marshall, TX Auctioneer Brent Earlywine Automotive lots sold / offered 49 / 49 Sales rate 100% Sales total $11,732,600 High sale 1951 Bugatti Type 101 coupe, sold at $990,000 Buyer’s premium 10% (included in sold prices) Ponder and his Deusie, which brought $660,000 Report and photos by Greg Riley Market opinions in italics tate in the piney woods of Marshall, Texas. SCM’s close examination of the lots offered revealed Ponder’s keen eye for quality, and his collection of restored and original cars, motorcycles, bicycles, memorabilia, and boats brought some very impressive numbers. Most of the automotive lots were displayed near O the world-class garage area where they had been housed. Motorcycles, bicycles, and pedal cars lined the promenade leading to the auction tent, and an array of memorabilia seemed to be everywhere one looked—including gas pumps, models, magazine collections, and artwork. One entire building was devoted just to this aspect of his collection. Given Ponder’s former ownership of the largest MG collection in the world, the biggest part of the automotive collection was devoted to British marques like MG, Jaguar, Austin-Healey, Rolls-Royce, and Bentley. Other European makes such as Bugatti, Ferrari, and Alfa Romeo were also well represented. The automotive por- 70 n April 20 and 21, RM conducted the liquidation of the Gene Ponder Collection was conducted by RM Auctions at the bucolic Ponder es- tion of the collection was rounded out by a smattering of desirable American Classics from Duesenberg, Cord, Chevrolet, and Ford. Thirteen of the 49 lots offered commanded prices in excess of Marshall, TX $250,000, with seven of those bringing north of $500,000. The high sale of the day went to a 1951 Bugatti 101, which was reportedly the last Bugatti produced. Finished in black and red, it brought $990,000. A 1939 Alfa Romeo short chassis spyder found new ownership at $924,000, and a 1953 Aston Martin DB2/4 drophead coupe with Bertone coachwork brought a full $847,000. Two rare boats were auctioned—a 1958 Chris-Craft Silver Arrow that brought $30,250, and the show-stopping 1955 Chris-Craft 18-foot Cobra that found a new home at $132,000. The mahogany hull of the Cobra, combined with the fiberglass dorsal fin, artfully blended 1950s styling cues with classic Chris-Craft lines, and it fetched over twice the auction company’s low estimate. When asked about his reason for selling the collection, Ponder stated, “Life comes in chapters and now is the time for a new chapter in my life. I’ve spent much of my life collecting these cars and I’m hopeful that some will go to museums so that the public can enjoy them.” Ponder went on to say, “I believe that between the motorcycles, cars, and bicycles, we set six or eight world records today. I believe that shows that people recognize quality when they see it and will go anywhere to purchase the best.” Bidding on-site and via telephone and Internet was fierce, with virtually every lot commanding in excess of the auctioneer’s estimates. Clearly, this was a testament to the quality of the items offered, and by all measurements, this was a very successful sale for the buyers, RM, and Gene Ponder.u Sports Car Market

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RM Auctions Marshall, TX Column Author ENGLISH #2259- 1931 ROLLS-ROYCE PHANTOM I Skiff Boattail speedster. S/N S155PR. Black & wood/red leather. Coachwork by Kussmaul. Paint shows only the tiniest of flaws, including waterspots that have etched into the surface. Exterior woodwork clean but needs refurbishment. Most plating still shiny, some needs replating to be show. Interior gorgeous. A high price paid for this car was certainly in recognition of the quality evident throughout. It almost appeared like a blower Bentley in small scale—and at 1/10th the price. A standout in a standout collection. Very well bought. #2245- 1933 MG J4 L1 Special Replica roadster. S/N LO578. Eng. # 818A97C. Green & black/green leather. RHD. Nice paint and brightwork, interior shows patina from use. Entire car needs a general freshening to reach its full value potential. Competed in the California spected closely. Dash and instruments appear close to perfect, chrome plating has no issues. Cond: 2+. SOLD AT $116,600. This car was documented as one of only five surviving, and it showed very well. However, the metallic paint was a jarring note that spoiled an otherwise beautiful presentation. To reach its full potential, this MG will have to be repainted, and the price paid was on the high side given this fact. #2257- 1938 MG SA Tickford drophead coupe. S/N SAAH957. Black/tan cloth/tan leather. RHD. Coachwork by Keller. Paintwork deep and lustrous, panel gaps and body lines straight. Most interior woodwork excellent, minor flaw on the driver’s door evident. Upholstery shows very slight wear. Brightwork nearly perfect. Wire wheels show beautifully. Cond: 1. SOLD AT $118,800. The Tickford very nice presentation. Cond: 2. SOLD AT $115,500. Although this car showed well, no such coachwork was ever erected on a Phantom chassis when new. This car represented the potential for casual show enjoyment, but it would never be considered a serious contender by the Rolls-Royce Owners Club. The price paid was fair, provided the new owner understood what he bought. #2243- 1932 MG C-TYPE Replica road- ster. S/N CO287. Eng. # 1769. Red/red & black leather. RHD. Paintwork average, brightwork and aluminum excellent. All areas of the car are showing patina from use. Painted wires in good Mille. Cond: 2. SOLD AT $118,250. A very nice car that would be a standout just about anywhere. Alas, it was auctioned immediately after the stunning 1933 K3 (lot 2244), which had a much better look. A fair price paid for a car with plenty of appreciation potential. #2246- 1935 MG NB Magnette Airline coupe. S/N NA0848. Eng. # 1112AN. Red & black/red & black leather. RHD. Odo: 5,531 km. Paint virtually flawless, panel fit near perfect, all brightwork appears newly minted. Upholstery and wooden dash show no flaws. A beautifully restored concours-ready example. Cond: 1. SOLD AT $398,750. There’s an old three-position top had a unique appearance unequaled by any other marque. This was a beautiful presentation of an MG club Best of Show winner, and I couldn’t help but think of the car driven by Cruella DeVille in Disney’s “101 Dalmations.” The price paid was high for an MG of this type, but it was likely one of the best in existence. #2258- 1938 MG TA Tickford drophead shape, wrapped exhaust clean. Leather interior well-fitted. Cond: 2. SOLD AT $60,500. A very attractive package. It should be great fun for club touring or other events, and the price paid was fair based on the overall condition of the car. Well bought and sold. #2244- 1933 MG K3 Replica roadster. S/N K0326. Eng. # KDF841. Green & black/tan leather. RHD. Flawless paint, plating, and interior. Highly detailed engine. Excellent Dunlop Racing tires and chrome wires. Almost a perfect ten in very respect. A stunning visual statement. Cond: 1. SOLD AT $181,500. The coupe. S/N TA2678. Eng. # MPHG2947. Gray & maroon/gray cloth/red leather. RHD. Odo: 450 km. Very minor scratches and swirls in paint, brighwork shows some slight waves in plating. Interior, woodwork, and instruments have no visible wear. Nice chrome wire wheels, excellently detailed engine compartment. A saying that one can never pay too much for the best. This car is the only one known to exist, and it was in pristine condition inside and out. The winning bid was almost double the auctioneer’s low estimate of $200,000, which seemed to be more a reflection of two determined bidders rather than true market value. This must certainly be a record price paid for any MG, but it was still well bought. #2256- 1936 MG SA tourer. S/N SA0432. Eng. # QPHG685. White & tan/tan leather. RHD. Coachwork by Charlesworth. Non-original paintwork is metallic and nearly flawless. Interior shows tiny trouble spots when in- strong overall presentation. Cond: 2+. SOLD AT $117,700. The color combination on this MG was much more striking in person than it appeared to be in the auction catalog. Given this example carried its Tickford body from new and its condition was very presentable, the auctioneer’s estimate was extraordinarily low compared to the other Tickfords available. Albeit high, this price was realistic. #2264- 1950 MG TC EXU roadster. S/N TC9064. Eng. # XPAG9767. Red/red leather. RHD. Odo: 26 miles. Paint perfect, chrome 72 Sports Car Market

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RM Auctions Marshall, TX Column Author TOP 10 No. 4 #2267- 1953 ASTON MARTIN DB2/4 drophead coupe. S/N LML504. Eng. # VB6E501230. Red/red & tan leather. Coachwork by Bertone. Paintwork appears a mile deep with no discernible flaws. Chrome looks new, two-tone leather interior is well-fitted and clean. Original matching luggage is as perfect as the rest of the car. Engine compartment detailed to show standards. One of two built. Cond: 1. excellent, glass appears new. Original export items include full width bumpers, twin Lucas Windtone horns, and gold pearl-finished steering wheel. Period accessory engine-turned generator case and dash face look excellent. Cond: 1. SOLD AT $81,400. Certainly one of the nicest MG TCs available anywhere. This spectacular example racing, and examples occasionally command seven-figure prices. This replica was very well done, and its apprently authentic recreation was completed at a fraction of the cost of buying an original. It can be used and enjoyed without too much fear, and it offered a lot of potential enjoyment for a reasonable and very fair price. Well bought and sold. brought mid-estimate money, and at that price, it was a fair deal for the buyer. It should reward him with great enjoyment, and it’ll likely make him more when he goes to sell it. #2247- 1952 ALLARD J2R roadster. S/N 99J2122. Green/black leather. RHD. 239-ci Ford flathead V8, 2-bbl, 3-sp. Flaws and cracks in paintwork evident in several places. Plating is generally very good with only minor flaws. Most of the aluminum shows patina, with some chips and scuffs here and there. Interior shows well, with as-new appearing gauges. Cond: spare plugs mounted to the inner fender. A very nice car needing only minor work to be show ready. Cond: 2. SOLD AT $145,200. Although this Nash-Healey was a very nice example, the almost $50k paid over the high estimate of $100,000 was inexplicable. This was definitely all the money for the forseeable future. #2266- 1953 ARNOLT-BENTLEY R-TYPE 2. SOLD AT $220,000. Last seen at Kruse Scottsdale in January ’98, where it sold for $49,875 (SCM# 1457). Total Allard production was a trickle in the best of times, making this example exceedingly rare. This car had a fantastic 1950s “boy racer” look to it, and although it was far from concours-ready, it would be great fun at any vintage event. Even though the car sold in excess of its high estimate of $150,000, it was still a solid purchase, as these cars should see continued appreciation. #2269- 1952 JAGUAR XKC-TYPE Replica roadster. S/N XKC023. Eng. # E10238. Red/ tan leather. RHD. Odo: 4,445 km. Paint excellent, belying racing aspirations. Panel fit and body better than racer-standard, with no gap issues or waves in surface. Interior Spartan, leather and aluminum basically flawless. The car shows virtually no patina, although it has apparently been used in vintage competition. Engine compartment detailed, with only slight use evident. Cond: 1-. SOLD AT $203,500. The C-type Jaguar is well known in sports 74 overshadowed by its company. Cond: 2. SOLD AT $253,000. This car was commissioned as personal transport for “Wacky” Arnolt, and it was the only Bertone-bodied Bentley built. The value was held down by a restoration that can only be described as indifferent. This car will likely appreciate, but it’ll need some work to really bring it up to snuff. A fair price considering rarity and work needed. Sports Car Market CONTINENTAL sedan. S/N B43LSP. Gold/ tan leather. One-off coachwork by Bertone. Current paintwork unflattering to custom body. Most areas of car have minor restoration flaws. Chrome shows minor age wear. Later model aftermarket radio below dash is a jarring note. Overall, highly appealing, but engine compartment whith rare Solex carburetion, nice chrome wire knockoffs with original Arnolt hardware. Cond: 1. SOLD AT $88,000. Only 36 MG Arnolt convertibles were built, which will always guarantee their owners a certain degree of exclusivity. The price paid was reasonable for an example of known lineage in concours condition. Well bought and sold. #2279- 1954 ALLARD K3 roadster. S/N K33277. Red/tan leather. 331-ci Cadillac V8, 4-bbl, 3-sp. Deep red paint shows minor flaws and needs additional color sanding. Chrome has a nice luster, wire wheels look relatively new, most aluminum appears original and unrestored. Interior upholstery excellent, with #2240- 1953 NASH-HEALEY roadster. S/N NHA1345. Eng. # 1345. Red/tan leather. Odo: 41,000 miles. No visible issues in paintwork, only tiny flaws in brightwork. The dash could use some freshening, as could the rest of the interior. Very nice engine detailing includes SOLD AT $847,000. This car was purchased new in 1953 as a gift for Charles A. Ward, boss of promotional calendar company Brown & Bigelow. It was a standout among a collection of standouts, and it was reported that it previously sold for over $1,000,000—which made this price seem like a relative bargain. Even over the high estimate of $600,000, this was still an excellent buy. #2268- 1954 MG ARNOLT drophead coupe. S/N 26332. Eng. # 26658. Red/tan leather. Odo: 177 miles. Excellent paint, brightwork, and interior as one would expect from a fresh restoration with only 177 miles. Concours-ready in all respects. Excellent

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RM Auctions Marshall, TX Column Author spotless carpet and seat covers. Racing-style lap belts fitted. Cond: 2. SOLD AT $211,750. The K3 was an attempt by Allard to civilize the J2-X, with coachwork that looked like a fusion of early Ferrari and Healey lines. This was a very appealing car, but the price paid was high for a car requiring significant detailing to reach its full potential. #2252- 1954 JAGUAR XKD-TYPE Replica roadster. S/N XKD140. Green/black leather. RHD. Replica coachwork completed by Tempero. Nicely detailed paint and engine for a racing car. Interior shows some minor flaws from use. Overall, a great recreation of #2237- 1959 MG A Twin-Cam roadster. S/N YD31984. Red/tan cloth/red leather. Odo: 70,000 miles. Nice paint shows minor flaws. Brightwork above average, but not concours quality. Engine previously restored to a high standard, but now is showing the effects of use over time. Excellent Dunlop Road Speed tires are of an MG. Although the car was purchased in the middle of the auctioneer’s estimates of $60,000–$90,000, it was still a very good buy. #2274- 1956 AUSTIN-HEALEY 100M roadster. S/N BN2L233008. Eng. # 4B233008. Black & red/black & red leather. Paint excellent, with plenty of depth and sheen. Brightwork looks new, steeply raked windshield adds to the factory racer appearance. Interior shows excellent two-tone leather, as-new carpet, and gauges. Engine compartment displays lots of polished bits. A very nice example of a rare highly-pedigreed Jaguar. Cond: 2. SOLD AT $148,500. There are numerous Jaguar replicas available, but this was no doubt one of the best. It was a car that could be used and enjoyed at a fraction of the cost of an original. A fair price paid for lots of potential track fun. #2239- 1955 MG ARNOLT coupe. S/N 26528. Eng. # 26418. Maroon/maroon leather. Odo: 377 miles. Coachwork by Bertone. Beautiful paint and brightwork, interior certainly better than new with no visible flaws. Engine highly detailed and very appealing with much polished aluminum. A spectacular presentation inside and out. Cond: 1. SOLD AT $51,700. One of the best buys of the auction. 100M. Cond: 2. SOLD AT $231,000. Only 640 100M Le Mans cars were built, although many regular cars were converted to Le Mans specifications. This fully documented example had a slightly menacing appearance, and although the sale price was almost 2.5 times the low auction estimate of $100,000, rare models in excellent condition with documentation are what the market wants. #2238- 1956 JAGUAR XK 140MC drophead coupe. S/N S818264BW. Eng. # G662185. Red/black cloth/red & black leather. Odo: 44,261 miles. Shows almost imperceptible flaws in paintwork even in the brightest sunlight. Virtually perfect brightwork and interior woodwork. Nice leather, clean and well-fitted carpet. Engine requires detailing, The spectacular condition of the car coupled with original ownership by noted jazz musician Maurice Stein would seem at odds with a sale price below the low estimate of $60k. However, the maroon paint made the car seem somewhat drab when compared to all of its bright red stablemates displayed nearby. A very good buy for an Arnolt collector. #2260- 1955 MG HAWK Special roadster. S/N TD9247EXLNA. Eng. # TDLHX9564. Red/tan leather. Odo: 135 miles. Paint and interior nearly perfect. Engine, brighwork, and interior all very clean and show as-new. The lack of opening doors makes this more suitable for a youthful Elvis than everyone else. A beautiful presentation inside and out. Cond: 1. SOLD AT $77,000. The Hawk special is basically an MG-TD with a custom body designed by Hollywood director Howard Hawks. It was built for his son, who wanted a Ferrari instead 76 but appears complete. Aftermarket aluminum radiator, header tank, and electric fans added. Cond: 2. SOLD AT $71,500. This rare XK 140MC had the optional automatic transmission and wind-up windows, making it very user-friendly for weekend tours or jaunts to the club. Aftermarket engine compartment bits were nods to touring in hotter climates. The price paid was right on the money for an extremely nice XK 140 that can be used and enjoyed. concours-quality Healey 3000. Cond: 1-. SOLD AT $78,100. A beautiful presentation of a Healey 3000. The auctioneer’s estimate of $80,000–$100,000 seemed high based on previous Healey sales, but this was a fine example, and the price paid was a clear confirmation of that. #2248- 1962 MG A MK II Deluxe roadster. S/N GHNL2108296. Red/red leather. Odo: 5 miles. Minor flaws visible in paint, including several chips and swirl marks. Brightwork above average, interior near perfect. Cut windscreen gives a racy look. Excellent detailing of engine includes Judson supercharger. Claimed only five miles on fresh restoration. Cond: 2. SOLD AT $49,500. Only 290 MGA Mk II a good look. Cond: 3. SOLD AT $56,100. A nice presentation of a quality car. This was undoubtedly a superb touring car for a variety of events, and it should provide the new owner with years of enjoyment. However, this was all the money and then some considering its condition. Very well sold. #2241- 1962 AUSTIN-HEALEY 3000 MK I BN7 roadster. S/N HBN7L6204. Red & black/red & black leather. Odo: 52,200 miles. Paintwork very nearly perfect. Chrome plating superb, area around windshield frame in need of attention. Interior appears perfect. Engine compartment spotless. An excellent and nearly Sports Car Market

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Glovebox Notes Deluxe roadsters were produced, making this a very rare and desirable MG. The competition windscreen and supercharger added to the period look of this nicely restored car, which was certainly one of the best available. The price paid for this car was more in line with current market conditions and less reflective of the exuberance of this particular auction. #2270- 1962 MG A Devin Supercharged Mk II roadster. S/N GHNL76841. Eng. # 16GAU5409. Red/red leather. Odo: 105 miles. Paintwork shows minor flaws, including scratches and a surprising lack of depth. Interior well done, although some instruments show light patina. Areas of plating pitted and scratched. Engine highly detailed and equipped with Judson supercharger and valve cover. Odo: 215 miles. Paint excellent, with no marks, scratches, or chips. Chrome and brightwork asnew. Interior clean and well-fitted, dash shows only the slightest patina. Engine compartment appears correct and unused. A nicely done replica with a great look. Cond: 2. SOLD AT $693,000. Type 55 Bugattis are among the world’s most desirable collector cars, and this faithful recreation used many authentic Bugatti parts. Although the new owner paid above the high estimate of $525,000, this was a very welldone example. That said, it was still a replica, and he’ll likely have to wait for a return on his investment. #2276- 1932 BUGATTI T35B Replica Cond: 2-. SOLD AT $74,800. Devin-bodied cars sometimes provoke strong reactions. Car enthusiasts seem to love them or hate them, and almost nobody is indifferent. This car seemed much lower to the ground than it appeared in the auction catalog, which gave it an even greater racy feel when viewed up close. This sale price was fair, so both the buyer and seller should be happy. #2235- 1962 JAGUAR XKE S I Flat Floor convertible. S/N 876447. Eng. # R33739. Red/tan cloth/red & black leather. Odo: 7,816 miles. Beautiful paint shows no obvious flaws. Careful scrutiny reveals only the tiniest of flaws in brightwork. Nearly perfect interior shows excellent leather and very nice holding supercharger to intake detract from an original feel. Nice interior. Very well presented. Cond: 2. SOLD AT $258,500. Although this was a recreation, it appeared to be true Bugatti in every way. In my mind, this was one of the top ten cars offered at the sale. The price paid may not be considered appropriate for an investment, but in terms of enjoyment, this offered quite a bit of bang for the buck. TOP 10 No. 5 aluminum paneling. Engine detailing done to a high standard, with an Optima battery the only apparent deviation from stock. Cond: 2. SOLD AT $68,750. An excellent presentation of an early E-type Jaguar. Had the car been auctioned later in the day when the crowd was at a fever pitch, it likely would have beaten its high estimate of $80,000. At this price, it can be considered an excellent buy. FRENCH TOP 10 No. 6 July 2007 #2265- 1932 BUGATTI T55 Replica roadster. S/N BC92. Eng. # 55. Red & black/red & black leather. RHD. #2272- 1938 BUGATTI T57SC Corsica roadster. S/N 57577. Eng. # C15. Blue/tan leather & alliga- tor. RHD. Paint nearly perfect, as is plating and aluminum. Alloy coachwork reportedly constructed in the 1960s on an original T57 engine and chassis. Interior upholstery well done, engine-turned dash a nice contrast. roadster. S/N 2222. Red/tan leather. Replica coachwork by Pur Sang of Argentina. Minor flaws in paint visible under artificial light. Aluminum wheels clean, brightwork shows no issues. Engine appears better than new, with many polished components and no wear to speak of. Multiple late-model hose clamps A brief look at cars of interest that have passed through the SCM stable. HHHHH is best 2007 Mitsubishi Galant Ralliart RM Auctions Marshall, TX Price: $29,474 Likes: Head-turning bronze color. Simple climate controls, 5-speed automatic, comfortable heated seats, usable back seat, big trunk. Dislikes: No stick option with a sport package (what about the Eclipse 6-speed?). Numb steering, intrusive, non-retractable navigation screen hard to read in sunlight. Visor / roof uncomfortably close to driver’s head. Poor turning radius. “Me too” exterior design. Fun to drive HH Fun to look at HHH Overall ownership experience HH Verdict: Mitsubishi takes a knife to a gunfight in this segment. Drives clumsily as if it were AWD, but it’s not. Can’t compete with MazdaSpeed 6, Acura TL Type S, Nissan Altima, or even Toyota Camry hybrid.—Paul Duchene 2007 Suzuki SX4 AWD Price: $15,999 Likes: Excellent handling, 143-hp, twin-cam, 2-liter four, 4-speed auto, AWD, a/c, air bags galore, ABS discs all around, power windows, mirrors, remote locking. Back seat OK for adults, luggage space matches Ford Explorer with seat down, AM/FM/CD/MP3 stereo, well-organized dash. 100,000-mile, 7-year warranty. Dislikes: Gas mileage—24/30 is marginal in this category. Seat belt buzzer disgustingly annoying. Fun to drive HHHH Fun to look at HHH Overall ownership experience HHHH Verdict: Brilliant, loaded package at a bargain price. Must be domestic market standout, vehicles this small don’t offer these options in the U.S. Destroys Toyota Yaris, Honda Fit, and Nissan Versa, which feel much cheaper and only have 2-wheel drive.—PDu 77

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RM Auctions Marshall, TX Column Author Engine appears unused, car is claimed to run flawlessly. Cond: 1. SOLD AT $836,000. The coachwork on this car is a duplication of what originally appeared on chassis 57593, but with added brightwork along the beltline, rear fenders, and rear end. Restored to world class concours standards and ready to be shown. A fair deal all around. TOP 10 No. 2 #2254- 1951 BUGATTI TYPE 101 coupe. S/N 101504. Eng. # 101504. Black & red/black & red leather. RHD. Odo: 11,369 km. Paint appears nearly new, as do most panels and chrome. Engine compartment spotless, interior clean and well-fitted. Looks like a recent restoration that is just starting to show patina. Overall condition ITALIAN TOP 10 No. 3 #2262- 1939 ALFA ROMEO 6C 2300 Short Chassis spyder. S/N 813219. Eng. # 0823203. Maroon/maroon leather. RHD. Thought to have been delivered new as a short chassis saloon, rebodied in the ’80s in the style of Touring. Paint shows no detectible flaws even upon close inspection under harsh artificial lighting. Interior and instruments appear perfect, as do plating and aluminum. Excellent SOLD AT $184,250. Prices of original 212/166 Barchettas have now crossed into seven digit territory, making them almost too valuable to drive. This recreation based on a 1965 330 GT will offer the new owner more performance than the original at a fraction of the price. A fantastic performing car for the money. Well bought. #2233- 1967 FIAT DINO spyder. S/N 4954. remarkable for an original car. Cond: 1. SOLD AT $990,000. Last seen at RM’s 2002 Amelia Island sale, where it was a no-sale at $320,000 (SCM# 27259). It is generally accepted that only eight type 101s were built, making this one of the rarest Bugattis. It was a factory show car at the 1951 Paris Salon, and has been owned by William Harrah, Jacques Harguindeguy, and Nicholas Cage. These cars almost never come to market, and given the stratospheric prices paid for other Bugattis, this was likely a solid investment. GERMAN TOP 10 No. 8 #2250- 1955 MERCEDES-BENZ 300SL gullwing. S/N 1980405500681. Eng. # 1989805500662. Red/tan leather. Odo: 11,237 km. Driven considerably since restoration, paint and brightwork still nearly perfect. Interior shows slight patina. Excellent Rudge wheels, factory jack in trunk. Engine compartment clean, with minor use evident. Overall, a great presentation of a 300SL with extensive careful use. Cond: 2. SOLD AT $506,000. The performance of the Mercedes 300SL, combined with the styling of its unique gullwing doors, creates a package almost irresistible to car collectors—and their typical German bankvault engineering makes them very usable. This example was purchased for almost exactly the auctioneer’s estimate of $500,000—the top of current market value for this condition. 80 trimmed interior fitted with color-matched racing harnesses. Engine compartment detailed to a high standard. Cond: 2. SOLD AT $341,000. Only 19 250 TRs were produced, and the combination of styling and racing successes makes them iconic Ferraris. This car will reward the new owner with all of the style, performance, and panache of an original in a package that can be enjoyed without fear of ruining a multimillion dollar investment. #2249- 1965 FERRARI 212/166 MM Replica barchetta. S/N 330GT6513. Eng. # 6513GT. Red/tan & brown leather. Odo: 150 km. Paint shows only the tiniest flaws under harsh artificial lighting. Interior is nearly perfect, except for minor wear on transmission tunnel upholstery. Plating and aluminum both very nice, with only tiny flaws apparent. A well-executed Ferrari racer replica. Cond: 1. and original, with only minor use apparent. Cond: 2+. SOLD AT $418,000. The 330 GTC coupe was introduced in March of 1966 in Geneva, with the Spyder following six months later at the Paris Auto Salon. This was a very Sports Car Market chrome wire wheels, engine detailed to a better-than-new appearance. Cond: 1. SOLD AT $924,000. Although this car was rebodied, the coachwork was an appealing combination of streamlining and art-deco. One can easily imagine traversing a stretch of ocean-front highway in this car with an equally beautiful companion. Expensive, but this was a lot of car for the money. #2277- 1958 FERRARI 250 Testa Rossa Replica racer. S/N 1067GT. Eng. # 1067GT. Yellow & red/yellow & red leather. Replica coachwork by Giordanengo. Fair number of visible paint flaws include chips, scratches, spidering, and orange peel in places. Panel gaps consistent, chrome wires look new. Nicely covered. Cond: 2. SOLD AT $58,300. Last seen at Barrett-Jackson’s West Palm Beach sale in April ’05, where it sold for $24,840 (SCM# 37742). Rather prosaic styling reminiscent of other Pininfarina designs of the era. Ferrari heritage was a big plus, but the price was on the high side for what was basically a very nice driver. TOP 10 No. 10 #2261- 1967 FERRARI 330 GTS spyder. S/N 11021. Eng. # 209. Red/red & black leather. Odo: 44,583 km. Paintwork shows a deep shine, with no visible flaws anywhere. Brightwork slightly scratched in places. Interior appears new with no patina whatsoever. Engine clean Eng. # 135AS0000689. Red/tan & red cloth/tan leather. Odo: 82,803 km. Beautiful red paint shows only very minor scratches and a few chips. Interior worn from use, but is still very presentable. Replating and detailing needed throughout to meet its full potential. A very nice car with light wear considering the miles

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RM Auctions Marshall, TX Column Author nice example of an open Ferrari, and it should provide the new owner with great enjoyment on either the road or show circuit. #2242- 1974 FERRARI 246 GTS Dino targa. S/N 07902. Red/black leather. Odo: 4,284 miles. Paintwork perfect, with no obvious flaws of any kind. Interior shows only the slightest patina, as one would expect in a car of this age and mileage. Engine appears as new and is not over detailed, as is appropriate in an original car. A virtual time capsule. Cond: 1. #2273- 1937 CORD 812 SC phaeton. S/N 31834H. Eng. # FC2595. Yellow/red leather. Odo: 139 miles. Paintwork has period-perfect gloss and depth—difficult to obtain with modern materials. Consistent panel gaps, excellent chrome and brightwork. Well done interior, dash needs freshening. Detailed engine compartment Borrani knockoffs. The only Arnolt-Bristol equipped with scalloped fenders from new. Well presented. Cond: 2. SOLD AT $451,000. This particular Arnolt was purchased new by actor Lee Marvin from Arnolt’s stand at the 1956 Paris Salon. Its celebrity provenance and rarity undoubtedly contributed to the high price paid. Expensive, but there’s likely still some upside in the long run. #2275- 1956 ARNOLT-BRISTOL road- SOLD AT $187,000. In the not-too-distant past, Dinos of this vintage were essentially ignored by Ferrari collectors. Their rapid appreciation over the last few years is likely in recognition of their superb handling and striking styling. This example had to be one of the finest available at any price, and although the price paid here was almost 25% higher than the auctioneer’s high estimate of $150,000, the new owner likely made a wise investment. AMERICAN TOP 10 No. 7 #2251- 1934 DUESENBERG MODEL SJ Boattail speedster. S/N 2159. Eng. # J134. Creme & orange/tan canvas/ maroon leather. Odo: 1,000 miles. Coachwork by Walton Body Shop, restored and modified by Bob Gassoway and Herbert Newport. Paintwork from 1977 still exceptional despite its age. Minor chips and cracks show in less noticeable areas. Brightwork very good, interior and instruments excellent. A very nice presentation of a custom open Duesenberg. Cond: 2. is show ready. Well restored throughout. Cond: 1. SOLD AT $154,000. This Gordon Buehrigdesigned Cord was particularly attractive as a phaeton. The auctioneer struggled to achieve a bid over $150,000, which was odd given some of the prices paid for other lots that were not as authentically restored. A reasonable price for a nice car, and a solid investment for the new owner. Well bought. #2280- 1954 KAISER-DARRIN roadster. S/N 161001219. Ivory/tan leather. Older restoration now shows some age. Paint has chips and swirl marks, body and panel gaps still nice. Chrome needs a good cleaning, engine compartment looks used and would benefit from detail work. Non-original interior needs freshening. Cond: 3. SOLD AT $90,200. One highly detailed, chassis clean. Cond: 2+. SOLD AT $159,500. Although this car was not delivered with a Corvette V8, this was a popular retrofit for these cars in period, and it was known to elevate performance significantly. This car had great eyeball, and the small block V8, short wheelbase, and light weight undoubtedly made it run as good as it looked. The auctioneer’s estimate was spot-on, and the price paid was in line with the market. #2253- 1956 ARNOLT-BRISTOL road- can’t mention the Kaiser-Darrin without someone commenting on the unique sliding doors syled by Howard “Dutch” Darrin. Although they were unique, they weren’t terribly practical. These cars come to market relatively infrequently, and given the rarity and unlikelihood of private purchase, this price was fair for both parties. TOP 10 No. 9 SOLD AT $660,000. The history of this car is somewhat difficult to follow. Basically, stored mechanical parts of J-134 were mated to a chassis of questionable lineage, for which a new body was constructed, and supercharger fitted. The result was a car that showed very well and appeared exactly as a Duesenberg should. The condition of the 30-year-old restoration was nothing short of amazing, but while $660k was small money for an open Duesenberg, this car will never appreciate as other Duesenbergs do due to its muddled history. 82 #2271- 1956 ARNOLT-BRISTOL coupe. S/N 404X3120. Eng. # BSMKII315. Red/tan leather. Paint decent, with some slight swirl marks visible. Chrome and brightwork unmarked. Interior and engine bay show a slight patina, but appear as-restored. Smiths gauges, wood wheel, rare SOLD AT $195,250. As there were fewer than 200 Arnolt-Bristol roadsters built, the likelihood of the new owner encountering another at a show or racing event is very low. This guarantees a level of exclusivity, which should enhance the new owner’s experience. The price paid for this admittedly stunning and rare car was a bit pricey given current market conditions, but it can still be considered well bought.u Sports Car Market ster. S/N 404X3108. Eng. # BSIMK11312. Red & black/red & black leather. Odo: 10,004 miles. Paintwork virtually flawless, interior condition belies the 10,000 miles since restoration. Chrome and trim shiny, glass unmarked. Engine shows some patina from driving enjoyment, but no real wear is evident anywhere. A spectacular presentation of a rare Arnolt-Bristol. Cond: 2+. ster. Eng. # 59055929. Red/red & black leather. Odo: 14 miles. 265-ci Chevrolet V8, 2x4-bbl, 4-sp. Running gear sourced from a Corvette. Excellent paint and brightwork, panel gaps show some slight issues around both doors. Interior appears new, with no appreciable flaws. Corvette speedo and shifter fitted. Engine

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Why Not Buy Smart? In the past few years, Corvettes have gone from being everyday drivers to highly collectible American classics. But with the huge number built, and the variety of options they were available with, knowing what to buy and how much to pay is critically important. Keith Martin has augmented his top-flight SCM staff with a well-known group of Corvette experts to bring you over 100 information-packed pages in every issue of Corvette Market. The incisive, take-no-prisoners approach to auction reports you expect from SCM will continue in Corvette Market, with more than 100 Corvettes examined first-hand in each issue. Exclusive to Corvette Market will be an industry round table, where top dealers, collectors, and auction company principals will give their opinions and advice on what is really going on in the market. You’ll find out if C1s have finished their run, or if they are they still gathering strength. What is the real price differential for factory fuelies? How much more should you pay for a car with documentation, and more... Corvette Market Keith Martin’s The Corvette-lover’s guide to collecting, investing, values, and trends Subscribe online at www.vettemarket.com Subscribe Today! One Year Corvette Market (4 issues), plus monthly Corvette Insider’s email newsletter, $29.95. UPGRADE to CORVETTE MARKET PLUS - one year Corvette Market magazine, monthly email newsletter, and unlimited access to the Corvette Market Plus online database of over 2,000 Corvette auction results, plus rapid emailed results of collector car auctions, all for just $48. Subscribe online at www.vettemarket.com or call 1.800.810.7457 Photo: Mecum Auctions

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McCormick Palm Springs, CA Column Author 42nd Exotic Car Show and Auction The quality of offerings was up a notch or two from November’s event, as the company was a bit more selective on what was accepted into the sale Company McCormick Date February 24–25, 2007 Location Palm Springs, CA Auctioneer Jack Stokes & Rob Ross Automotive lots sold / offered 232 / 380 Sales rate 61% Sales total $4,685,443 High sale 1970 Plymouth Hemi ’Cuda convertible replica, sold at $123,900 Buyer’s premium Warm weather and better cars brought out the bidders in Palm Springs Report and photos by Carl Bomstead Market opinions in italics I n late February, the 42nd edition of McCormick’s Exotic Car Show and Auction offered 43 fewer cars than were featured at its sale in November. Having fewere cars on offer usually means a smaller figure at the end of the day, but for McCormick, the result was positive; there was more room to view the cars, the final total was up $10k from November, and the auction schedule was not as hectic as it has been in past years. All this was accomplished with a diverse and in- Palm Springs, CA teresting offering of collector vehicles that seemed to hit the sweet spot of the buyers’ interests. The overall quality of the offerings was up a notch or two, as the company was a bit more selective on what was accepted into the sale. This included a very nice 1950 Pontiac Streamliner Silver Streak that was hammered sold at $20,685, a 1955 Ford Fairlane Sunliner convertible that brought $47,250, and a 1970 Plymouth GTX two-door hard top that sold for $31,500. Among the more mainstream cars available, there were several expected automotive oddities that crossed the auction block. When was the last time you saw a La Forza SUV? It was made in Italy in the early 1990s with Ford running gear, and it could have been yours for only $3,630. How about a 1976 Panther DeVille? Billed as a poor man’s Bugatti Royale, it found new ownership at $30,975. Nine early ’60s Corvettes were offered, several with 84 Bloomington credentials, but only two sold. The buyers were, for some unknown reason, reluctant to pay anywhere close to market prices for well-restored, highly-optioned ’Vettes. Auctions tend to run in cycles, and the interest here was geared toward ’50s American cars that were well presented and selling for under $50,000. Notable no sales included a 1947 Jaguar Mk IV saloon that had been finished in an unappealing white and red color scheme. While all the work completed appeared to have been well done, the colors chosen likely held back any potential new owners, and the car remained unsold at $58,000. A 1949 MC TC roadster went home with its seller at $27,000, and a 1958 Buick Roadmaster convertible in very nice condition failed to lure a bidder past $65,000. Keith McCormick and his crew did an excellent job in continuing to work the sale after a car had crossed the block and not sold. A bidder from the Northwest, who has a rather significant collection, was looking for a 1965 Buick Riviera, but his bid failed to excite the owner of the very nice example offered. With a little help from the McCormick crew, the buyer and seller put a deal together at a few thousand more than the final bid, and the extra effort paid off for all three parties. The Palm Springs weather sure beats the snowy north land during in February, and with plenty of cars on offer, there’s generally something available to interest everyone who wanders the consignments. McCormick has a track record of consistent sales numbers in the $4m range, and with this event, the company was able to trim the fat and still bring pleasing results.u Sales Totals $5m $2m $3m $4m $1m Sports Car Market 2007 2006 2005 2004 2003 2002 5% (included in sold prices)

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McCormick Palm Springs, CA Column Author ENGLISH #150- 1947 JAGUAR MK IV saloon. S/N 413845. Red & cream/red leather. RHD. Odo: 56,001. Scored over 99 points at several JCNA shows. Well-applied two-tone paint, nice chrome and brightwork. Nice wood dash, leather seats show minor wear. Small 1.5-liter engine, short wheelbase chassis produced for the U.K. market. Sunroof, whitewalls, badge automotive oddity known for its quality. These sold for close to $100k new, so this one held its value rather well over the past 30 years. It was not something I wanted in my garage, but it will attract a lot attention for the new owner in Palm Springs. #418- 1978 ROLLS-ROYCE SILVER bar and foglights. No issues with fit or finish. Cond: 2. NOT SOLD AT $58,000. This was the most garish Jaguar I’d seen in recent memory. Its elegant, understated English nature had been pimped up to work the back streets. Excellent condition, but the colors were a little much, and the high bid reflected that. #188- 1965 AUSTIN-HEALEY 3000 Mk III BJ8 convertible. S/N HBJ8L29356. Silver/ black vinyl/black vinyl. Odo: 98,900 miles. Older restoration is showing signs of age. Wood dash faded, vinyl seats slightly worn, rust showing on chrome wires. Paint needs attention with scratches and chips throughout. Engine compartment clearly not touched in WRAITH 4-dr sedan. S/N LRG32942. Black/ black vinyl/tan leather. Odo: 48,407. Attractive interior shows some wear to the driver’s bolster. Dash wood is faded and cracking, decent paint shows a few touchups and minor road rash. Brightwork nice but not perfect. Unappealing dual headlights. Cond: 2-. SOLD AT $16,800. The Silver Wraith was the long wheelbase version of the Silver Shadow. Palm Desert has the highest per capita ownership of Rolls-Royces in the country, and a few show up here every year. This was a decent car that sold for the right price, but the buy-in was cheap compared to what the first service bill might be. GERMAN #157- 1936 MERCEDES-BENZ years. Entire car needs a cosmetic cleaning from front to rear. Cond: 3. NOT SOLD AT $42,000. Last seen at McCormick’s Palm Springs sale in November 2006, where it was not sold at $49,000 (SCM# 43705). Stated then that the owner should have taken the money and run, and he should have, as it was bid to only $42k this time around. At this rate of depreciation, it just might be a decent buy after a few more auctions. #389- 1976 PANTHER DEVILLE 4-dr sedan. S/N 2034L. Tan & bronze/tan leather. Odo: 19,408 miles. One of 50 built. Made in England on a Jaguar chassis. Recent respray to an average standard, decent chrome and trim. V12 engine, GM Turbo 400 automatic transmission. Burled walnut veneer on dash, leather seats worn and cracked. A poor man’s Bugatti Royale. Cond: 2. SOLD AT $30,975. An 86 500K Replica roadster. S/N CA656323. Black/tan leather. Odo: 475 miles. 350-ci V8, 4-bbl, auto. Manufactured by Heritage Motors in the late ’80s. Equipped with crate engine, a/c, and power windows. Spotlight chrome oxidized, paint shows swirls and scratches but all-in-all is presentable. Glass, trim, and interior all still nice. Ugly fender marker lights possibly more at home on a Super Beetle. Cond: 2. SOLD AT $21,525. One of the better looking replicas, but Red artillery wheels on whitewalls look good. Engine bay needs detailing. Cond: 3. SOLD AT $58,800. Ths car sat in the window of a retirement home in Seattle for years, and not much has been done to it since. A Model 54 Brougham a grade or two better than this example sold at 2006 Meadowbrook for $57,000, so this result was well beyond what this car should have brought. #129- 1936 AUBURN BOATTAIL SPEEDSTER Replica speedster. S/N AZ276010. Maroon/white leather. Odo: 238 miles. Manufactured by Speedster Motorcars with a list price of $90,000. Interior shows minimal use, straight body indicates proper prep before paint. Nice chrome, excellent trim, wide still a replica, and nobody will ever confuse it for the real thing. This perfect Palm Springs car had a lot of flash, but not a lot of substance. Market correct for a replica in decent condition. AMERICAN #156- 1932 PIERCE-ARROW MODEL 54 4-dr sedan. S/N 1231593. Black/tan fabric. Odo: 2,698 miles. Older paint shows chips, scratches, and generally looks old. Chrome and trim OK, but not show-quality. Plastic seat covers over original-style fabric interior. Gauge missing on dash, door panels worn and torn. Trunk rack in place, trunk missing. whitewall radials spotless. Cond: 2. SOLD AT $70,875. This replica had a little Palm Springs flash, and it would surely gain respect from the valet parking guys while still having modern reliability. Hopefully, the new owner will use and enjoy rather than wait for appreciation, which is likely to be slow moving at best. #390- 1937 WILLYS MODEL 38 Street Rod 2-dr sedan. S/N 377668. Yellow/tan leather. Odo: 1,041 miles. 350-ci V8, 4-bbl, auto. Built with a 1939 Willys hood and fenders. Blinding yellow paint shows no issues, Sports Car Market

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Column Alfa Bits Recent Il Biscione sales on eBay by Geoff Archer (All creative English within quotes exactly as presented by sellers on eBay.) #- 1984 ALFA ROMEO SPIDER VELOCE convertible. S/N ZARBA5413E1018361. Metallic gray/black vinyl/tan leather. Odo: 30,233 miles. 160094821553 11 photos. Maryville, TN. 2nd owner. “It is in great shape with very meticulous maintenance records. every thing works on it... minimal chrome in decent shape. Vintage Air, nerf bars, very nice interior. Clean engine bay shows some billet pieces. Cond: 2+. SOLD AT $47,250. Talk about a cop magnet... this Willys would just about get a speeding ticket when sitting still. It sold for more than most people thought it would, so it caught at least two bidders’ fancy. This was the car to have if standing out was on your agenda. Well sold. #113- 1948 PONTIAC STREAMLINER You will not find an all original car in this shape anywhere!” (well, um, except on eBay or in this column). 5 bids, sf 1, bf 0. Cond: 2. SOLD AT $6,000. Rubber bumpers blended very nicely into this uncommon metallic gray color. In fairness to the seller, it’s probably hard to find such a nice one when you want to. Market price. #- 1985 ALFA ROMEO SPIDER VELOCE Graduate convertible. S/N ZARBA5413F1023903. Red/black vinyl/ black leather. Odo: 33,800 miles. 120099601363 24 photos. Arlington, VA. 2nd owner. 33k miles. “The 1985 is a classic, the first year with the rubber spoiler and last year before the third break light...” No accidents. New $1,000 catalytic converter. “The motor starts smoothly and runs strong. I have always let the car warm-up and, more importantly, warmdown.” 27 bids, sf 4, bf 23. Cond: 2. SOLD AT $6,000. Seller was transferred to Germany, and RORO (roll-on, roll-off) shipping would have cost less than that catalytic converter. At this price, he should have taken the car with him. #- 1988 ALFA ROMEO SPIDER 2000 convertible. S/N ZARBA5585J1058298. Metallic blue/black vinyl/tan leather. Odo: 17,837 miles. 220095318053 25 photos. Englewood, CO. “This is an actual 17,837-mile car with the original Cool roof-mounted luggage rack. Body straight and solid, wood in decent condition. Original interior could stand a retrim. Cond: 3. NOT SOLD AT $77,000. I thought this would sell in the $90k range, but the money was just not here for this car. Most of the action was in the under $50k range, and I think the owner of this unique and interesting Woody will get his price at a later date. #151- 1950 PONTIAC SILVER STREAK convertible. S/N P8YH113205. Blue/black fabric/blue & tan fabric. Odo: 31,320 miles. 268-ci straight 8, 2-bbl, auto. Attractive car, strong presentation. Restored to high standard with little to fault. Crisp paint shows minor swirls, chrome shiny and unmarked. Glass Deluxe Woody wagon. S/N P8PB46915. Maroon/red vinyl. Odo: 58,136 miles. 249-ci straight 8, 2-bbl, auto. Stated to be a barn find in original condition, and the car gives no reason to doubt that claim. Paint chipped and scratched, chrome crazing, engine grimy. the condition, this car sold for a market price. It never made it home, however, as the new owner flipped it for a $3k profit before it left the auction area. #362- 1950 PONTIAC STREAMLINER Silver Streak 2-dr hard top. S/N C8TH10932. San Pedro Ivory/Sierra Rust/cream & tan leather. Odo: 30,248 miles. 268-ci straight 8, 2bbl, auto. Lots of chrome goodies throughout. Strong presentation with excellent interior and paint. Brightwork finished to high standard. Hydra-Matic transmission, optional radio. Little to fault. Cond: 1-. SOLD AT $20,685. This sale was on the money for a car in this condition. The buyer paid fair price for a well restored example, and the seller received a market-correct offer. Well bought and sold. #167- 1953 CHEVROLET BEL AIR con- vertible. S/N C53K058399. Light ivory/tan fabric/yellow & white vinyl. Odo: 82,806 miles. 350-ci V8, 4-bbl, auto. Decent paint done in an attractive color combination, body straight and solid. Radio and a/c added. Mild custom treatment includes eyebrows over headlights, lowered stance, and aftermarket mag wheels. Chrome excellent, door locks missing. Very nice presentation of a desirable Bowtie convertible. Cond: 2+. NOT SOLD AT $39,500. I can’t help but think that if this had not been messed with and was finished to this standard as a stock Bel Air, it would have brought more money. As is was, the price bid was more than fair, but the owner thought otherwise. #277- 1954 HUDSON HORNET 4-dr sedan. S/N 7D7316022. Yellow/white/tan fabric. Odo: 67,496 miles. 308-ci straight 6, 2bbl, auto. Last production year prior to Hudson merging with Nash-Kelvinator. Paint shows numerous chips and rust blisters. Door jambs not repainted, door fit off. Steering wheel window sticker, service tickets and all original documents delivered with the car when new, including the original ball point pen and note pad!” Bone stock, one rock chip. 2 bids, sf 111, bf private. Cond: 2+. SOLD AT $15,500. The seller, a used sports car dealer, hit a home run here—he didn’t quite double my estimate, but this price exceeded “absurd” by about $3k. Well sold. u 88 and trim nice, interior shows excellent fit and finish. Equipped with Hydra-Matic and radio. Cond: 2+. SOLD AT $42,000. Considering Sports Car Market

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McCormick Palm Springs, CA Column Author cracked, new incorrect brown fabric interior fitted. Equipped with radio and heater. Engine in need of an in-depth cleaning. Many needs. Cond: 4. SOLD AT $8,715. Hudsons are hot, but this one was not. Cars like this are worth about $20k in 90 point condition, so if the new owner can do the heavy lifting himself, he has a chance of coming out OK in the end. #108- 1954 PONTIAC CHIEFTAIN Deluxe 2-dr sedan. S/N C8ZH5998. Blue/black/two-tone blue fabric. Odo: 21,775 miles. 268-ci straight 8, 2-bbl, auto. Interior tired but not torn yet. Numerous paint chips, touchups, and scratches throughout. Chrome hazy and pitted in places, trim and glass decent. California black license plates, wide whitewall tires. A very average car that needs lots of love engine bay. Attractive car finished to high standard. Cond: 2+. SOLD AT $47,250. “TriggerTorque” power and Thunderbird styling were the buzz words for the all-new ’55 Fords. The Fairlane was top trim package for 1955. At the time, these were considered “gaudy,” but now they’ve become a hot collector car. This one sold for a touch under the money, and even a few thousand more would not have put this sale out of line with the current market. #436- 1955 CHEVROLET BEL AIR and attention. Cond: 3. SOLD AT $7,665. The Chieftain was the least expensive Pontiac offered in 1954. Even though this was a very average example, it deserved a far better fate than this. The price paid was for a real beater, and this was a much better car than the money reflected. Auction timing can sometimes have a huge impact on pricing, and this car was run through early in the sale. The buyer should be ecstatic. #123- 1955 FORD THUNDERBIRD convertible. S/N P5FH104770. Yellow/black vinyl/yellow & black vinyl. Odo: 315 miles. 292-ci V8, 4-bbl, auto. Interior very presentable, with minor signs of wear to seats and carpets. Respray to high standard, with minor blemishes in a few spots. Chrome nice, trim shiny. Door gaps wide at bottoms of doors on Spotless engine appears original. Car sits a bit high in the rear. Cond: 2. SOLD AT $17,325. Not as desirable as the Nomad wagon, but just as much fun at about a third of the price. If equipped with a V8, this would have gone for another $3k or so. As it sat, a fair transaction all around. #149- 1955 PACKARD CARIBBEAN both sides. Door handle rubber worn and tattered. Engine bay clean. Cond: 2. NOT SOLD AT $34,000. Bumblebee colors aren’t everyone’s favorite, and it’s hard to understand why the door rubber wasn’t changed when the car was repainted. Some more attention to detail would have gone a long way here. The high bid was all the money, and it should have gotten the job done. #296- 1955 FORD FAIRLANE Sunliner convertible. S/N U5MC154552. Aqua & white/ white vinyl/aqua & white vinyl. Odo: 45,084 miles. 272-ci V8, 2-bbl, 3-sp. Equipped with 90 convertible. S/N 558835331271. White, pink & black/white vinyl/pink & white vinyl. Odo: 3,919 miles. 352-ci V8, 2x4-bbl, auto. Fresh, modern styling by Dick Teague. Torsion bar suspension and Ultramatic transmission. Striking three-color paint scheme done to a high standard. Nice interior has minor wear. Brightwork sparkles, top nice. A very attractive Packard. Cond: 2+. SOLD AT $90,300. wagon. S/N C55048601. Tan/white/tan & black tweed. Odo: 54,606 miles. 235-ci straight 6, 1-bbl, 3-sp. Decent interior, back loaded with speakers. Body straight with good door and panel fit. Paint shows no glaring issues. Chrome and brightwork clean and straight. Cond: 4. SOLD AT $35,175. 1956 was the first year of a brief two-year production run for the Mk II. They cost $10,000 when new, but they were heavily discounted by dealers. For years these could not break the $25k mark, and now an example with needs sells for $35k. The new owner will need to spend at least $20k to get this one completely sorted out, which will likely put him immediately upside-down. #194- 1957 CHEVROLET BEL AIR convertible. S/N VC57N153596. Black/black vinyl/red & silver vinyl. Odo: 232 miles. 283-ci V8, 4-bbl, auto. Loaded with goodies, including Continental kit, bumper guards, skirts, dual exhaust and aerials, and door guards. Crisp paint, bumper chrome, and brightwork. Interior flawless with little to fault. Cond: 1-. Ford Magic-Air, Continental kit, and skirts. Decent two-tone paint, nice trim, good chrome. Side panel torn due to window crank, window trim worn out. Signs of overheating apparent in These were mechanical nightmares when they were new, as the new transmissions ate seals and dropped fluid everywhere and the new suspension was prone to working as it pleased. As such, the price paid was a crap shoot: if sorted out, the money was in line. If not, then the new owner should be prepared to stack the green in tall piles. #237- 1956 LINCOLN CONTINENTAL MK II 2-d hard top. S/N C5681930. White/ white & gray leather. Odo: 31,006 miles. 368-ci V8, 4-bbl, auto. Respray in white shows orange peel and overspray on trim and window rubber. Door handles pitted, new exhaust not rerouted through bumper outlet. Original leather interior cracked and torn. Factory a/c, wide whitewall tires, filthy engine. Many needs inside and out. SOLD AT $94,500. This car sold in 2005 at Barrett-Jackson Scottsdale for $86,400, so the seller owned it for two years and was able to walk away with a $9k profit. Not many people can say they bought a car there and turned a tidy profit, and the buyer should have no complaints either, as he ended up with a highquailty Tri-Five drop top for the right money. #251- 1957 MERCURY MONTEREY 2- dr hard top. S/N 57LA20956. Black/white & black vinyl. Odo: 56,935 miles. 368-ci V8, 4-bbl, auto. Well-applied paint shows no serious issues, exterior chrome and trim shiny and Sports Car Market

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McCormick Palm Springs, CA Column Author what a 361-ci 305-hp car should sell for, so the seller would have been smart to take the money. #239- 1960 CADILLAC SERIES 62 con- without pits or scratches. Dash sun-damaged, steering wheel cracked, seats in good repair. Window trim pitted, glass unmarked. Engine compartment clean and tidy. Equipped with power steering, power brakes, and an aftermarket stereo. Cond: 2. NOT SOLD AT $19,000. With the big 368-ci engine, this car should have brought several thousand more, and even at that price, it still would have been considered a reasonable buy. The seller was right to take it home, but it must have been a lonely ride with nothing to show for a couple of days worth of effort. #143- 1957 MERCURY COLONY PARK wagon. S/N 57ME62876M. White, red, & woodgrain/red & white vinyl. Odo: 688 miles. 368-ci V8, 4-bbl, auto. Nice interior with factory a/c and Town & Country radio. Vent windows delaiminating. Older respray looks good from a few feet away, but up close has chips vertible. S/N 60F1105711. Red/white vinyl/red leather. Odo: 36,011 miles. 390-ci V8, 2-bbl, auto. Paint swirled throughout, with chips and minor scratches here and there. Chrome and trim nice, but some haze and pitting is evident on bumpers. Interior acceptable, with few signs places. Body decent with no waves or dents. Convertible top worn and wrinkled, leather interior in decent condition. Door handles pitted. Cond: 2-. SOLD AT $21,525. Price paid was about right for a unique period piece, but I questioned whether or not the top worked. If not, the new owner will be writing some big checks to sort it out. If all is in order, this was well bought. #178- 1964 CHEVROLET CORVETTE convertible. S/N 40867S121115. Red/white vinyl/black leather. Odo: 21,748 miles. 327-ci 250-hp V8, 4-bbl, 4-sp. Shiny red paint, white top dirty and wrinkled. Chrome unmarked, lower trim scratched in places. Leather interior well-fitted. Engine bay clean, with no leaks or of use or wear. Glass delaminating, rear window fit off. Attractive at ten feet, but problems surface as you get closer. Cond: 3. SOLD AT $40,950. This price may have been a touch on the high side, but it wasn’t far off the mark. Had this been a Biarritz, we would have been talking twice what was paid here. As it was, no harm done. Both buyer and seller should be happy. #388- 1962 CHEVROLET CORVETTE convertible. S/N 20867S106448. Roman Red/ black vinyl. Odo: 19,167 miles. 327-ci V8, 2x4bbl, 4-sp. Well restored with excellent paint and chrome. Optional detachable hardtop fitted, bigger engine and 4-speed added. Interior shows well fitted seats and carpet. Wonderbar and fading. Woodgrain panels show plenty of wear. Relatively rare, with fewer than 6,000 built. Cond: 2-. SOLD AT $25,725. Offered at Silver’s Fort McDowell sale in January ’07, where it was a no-sale at $24,000 (SCM# 44081). Bought by a buddy for his wife as her family had one when she was growing up. A decent price for a rare wagon in decent shape. Well bought and sold. #287- 1959 PLYMOUTH SPORT FURY convertible. S/N M293103283. Red/white vinyl/red, white, & blue fabric. Odo: 53,856. 318-ci V8, 4-bbl, auto. Striking paint has few issues, chrome shows a deep luster in the sun. Swivel front seats standard. Silver-anodized aluminum instrument panel. New interior, with radio, modern CD changer in glovebox. A strong presentation. Cond: 1-. SOLD AT $65,100. Even with the upgraded drivetrain, this car could have sold for another $10k and still be considered a good buy. At this price, it was an excellent purchase, and the new owner should be very pleased. #439- 1963 LINCOLN CONTINENTAL 4-dr convertible. S/N 3Y86N405726. Black/ black cloth/white leather. Odo: 63,899 miles. 430-ci V8, 4-bbl, auto. A slab-side Lincoln with suicide doors. Black paint shows swirls and scuffs, chrome scratched and pitted in nice seats, good carpet, and a modern stereo mounted in the glovebox. Rock chip in windshield, top fit off a bit. Cond: 2. NOT SOLD AT $44,000. The Sport Fury was Plymouth’s top of the line offering for 1959. As nice as it was, the price bid should have bought this car and then some. The money bid came close to 92 streaks to be concerned with. Well presented inside and out. Cond: 2. SOLD AT $51,450. A drop-top ’Vette sold for the right money. The top can be replaced for not a lot of money, and the new owner should be able to find new lower trim pieces without too much trouble. A bigger engine would have upped the price, but both sides should be happy here. #165- 1964 CHEVROLET IMPALA SS 2-dr hard top. S/N 41447J190777. Black/black vinyl/black vinyl. Odo: 75,274 miles. 409-ci V8, 2x4-bbl, 5-sp. Owner states engine original and numbers-matching. Richmond 5-speed transmission and vinyl top added, non-original black paint shows touch-ups and swirls. Rust bubble on driver’s door, other areas may have issues. Aftermarket American Racing wheels. Decent interior is good enough for a driver. Cond: 3. SOLD AT $36,750. This was all the money for a driver-quality ’64. The new owner paid for a 2+ car, and this was average at best. Two bidders were smitten with the car, and one of them paid the price to own it. #173- 1964 CHEVROLET CORVAIR 95 Rampside 1/2-Ton pickup. Tan & brown/tan vinyl. Odo: 91,310. Recent respray to high standard. Body straight with good panel gaps and door fit. Spartan interior shows only minor wear. Hawaiian wood rails on bed. Lots of money spent on restoration, but why such bland colors? Cond: 2+. SOLD AT $15,488. This was a much better Rampside than the ’63 offered Sports Car Market

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McCormick Palm Springs, CA Column Author out of line, as it would cost at least this much to build something comparable. What do you do with it now? Dazzle the crowd at the Saturday night drags? #447- 1970 PLYMOUTH HEMI ‘CUDA at Silver’s Arizona auction in January (SCM# 44068), and it sold for $7k less than was bid on the one there. This one was well bought, and the one that did not sell at Silver will likely be in the owner’s garage for a few more years. #406- 1966 FORD MUSTANG convert- ible. S/N 6R08C. Silver blue metallic/tan vinyl. Odo: 59,488 miles. 289-ci V8, 2-bbl, auto. Paint just OK, with chips, swirls, and a few scratches. Chrome decent for a driver, with pitting and scratching throughout. California black plates, yellowed whitewalls. Interior worn, torn, and Replica convertible. S/N BH27GOB234629. Lime Light Green/white vinyl. Odo: 1,238 miles. 426-ci V8, 2x4-bbl, auto. Born with the 318-ci, 2-bbl, 230-hp V8. Paint presentable, with some small scratches and dings here and there. Body straight, panel gaps as good as factory. Interior might look better in leather, but number considering it had some pricey needs. Hopefully, the buyer looked the car over before bidding and didn’t just get captivated by the shiny red respray. #192- 1965 FORD MUSTANG convert- ible. S/N 8FO8A799524. Rangoon Red/white vinyl/black vinyl. Odo: 89,014 miles. 289-ci V8, 4-bbl, auto. Lots of Bondo and filler evident under decent repaint. Driver-quality chrome and trim nice, Cragar wheels give a generic period look. All GT options added here, white vinyl is still holding up well. Steering wheel cracked, dash and gauges decent. Cond: 2. SOLD AT $123,900. As far as replicas go, this was well done, and it sold for a fraction of the cost of a real one... assuming you could find one. This subject has been beat to death, but where do you go with this when it is time to move on? #284- 1970 PLYMOUTH GTX 2-dr hard dirty. No center console. Engine bay has not seen a clean rag in years. A good 15-footer. Cond: 3-. SOLD AT $21,525. A few years ago, this would have been all the money for a needs-everything used and abused Mustang. Here, the price paid was just about right for a V8 convertible that showed no pride of ownership and demanded lots of love, attention, and a bunch more money. #330- 1969 FORD MUSTANG Mach 1 fastback. S/N 9R02F106331. Indian Fire Red/ black vinyl. Odo: 5,329 miles. 302-ci supercharged V8, 2x4-bbl, auto. Engine estimated at 650 hp. Body straight and solid with decent paint. Tubbed, roll bar and five point harnesses fitted. Weld racing wheels, Mickey Thompson top. S/N RS23U0G167873. Lime Light Green/ white vinyl/white vinyl. Odo: 2,006 miles. 440ci V8, 4-bbl, auto. Paint in very presentable condition, with no dings or marks to speak of. Brightwork up to the same standard. Excellent chrome, nice trim, vinyl top appears new. Dash and driver’s arm rest worn, seats show only including Pony interior, and a new warranty tag documents the changes made. Right rear window inoperative, top wrinkled and dirty. Cond: 2. SOLD AT $25,200. Price paid was a touch on the high side, considering there was no broadcast sheet to document the original options. But decent 289 Mustang ragtops will sell in the low- to mid-$20k range all day long, so there was no harm done here. #449- 1970 OLDSMOBILE 98 convertible. S/N 38467OM181370. Red/black vinyl/black vinyl. Odo: 6,548 miles. 455-ci V8, 4-bbl, auto. Equipped with the Turbo-Hydramatic transmission and loads of creature comforts. Paint resprayed to high standard, chrome excellently redone. Fender skirts, wide whitewall tires, interior finished to a high minor signs of wear. Clean engine compartment looks mostly stock. Cond: 2+. SOLD AT $31,500. Just think, if the original owner had spent the extra $700 and got the 426 Hemi... if he had, the car would be worth close to $200k now. The buyer did just fine here, as he bought a #2 car at a low #3 price. #344- 1971 CHEVROLET CHEVELLE SS tires. Lots of gauges to the dash. Cond: 2. SOLD AT $30,450. Surely a lot of the 5,000 miles on this car were done a 1/4 mile at a time. If this was your thing, then the price was not 94 2-dr hard top. S/N 136371L134836. Cranberry Red/black vinyl. Odo: 90,272 miles. 350-ci V8, 2-bbl, auto. Domed hood standard, hood stripes an $89 option. Decent respray needs a little finishing help. Paint chips on right door, chrome pitting and oxidized, hood pins missing. Interior decent, wires hang down under dash. Not a lot of attention to detail. Cond: 3. SOLD AT $16,275. This car sold for a strong standard. Trim shows buff marks, top fit needs to be adjusted. Cond: 2. SOLD AT $11,025. A very good buy. This car should have sold for at least $5k more than was spent here. The restoration cost was certainly more than this sale price, and the new owner should be able to use and enjoy it for a few years and still walk away with a profit. Well done.u Sports Car Market

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Motley’s Richmond, VA Column Author Motley’s Brown’s Ponzi scheme netted over $8m from private individuals, businesses, and churches, and he was able to buy 20 cars before he was caught Company Motley’s Auction and Realty Group Date March 20, 2007 Location Richmond, VA Auctioneers Tim Dudley, Jeremy Hooks, Mark Motley Automotive lots sold / offered 57 / 60 Sales rate 95% Sales total $2,500,000 High sale 2006 Mercedes-Benz SLR McLaren, sold at $320,000 Buyer’s premium Modern supercars like the Aston DB9 and Mercedes SLR led the way Report and photos by William C.W. “Chip” Lamb Market opinions in italics T his was the grand opening gala auction for Motley’s new building on Richmond’s south side, and the first-ever exotic-only automobile auction held by Motley’s and its sister organization, the Richmond Auto Auction. Motley’s holds a weekly car dealer, city vehicle, and consignment auction every Tuesday, but this event, held after the normal weekly auction of off-lease and well-used rolling iron, was a high water mark for the well-established operation. Motley’s key to success at this auction stemmed largely from their long-standing arrangement with the Eastern District of the U.S. Marshals Service, combined with a lucky break—the 2006 Ponzi scheme run in neighboring Chesterfield County by one James E. Brown, Jr. Brown took over $8m in funds from private individuals, organizations, businesses, and churches, with the lofty promise of 100% returns through his expertise in the FOREX market. Needless to say, his front did not last long, but it was long enough for him to purchase almost 20 vehicles for himself and his employees. After Motley’s pays the bill for the cost of seizure and storage of the cars, the bulk of the proceeds are to be used to repay those bilked by Brown Investment Services, the front organization used by the schemer. In April, a remorseless Brown was sentenced to 12 years and 96 Richmond, VA 5%, included in sold prices (excluding U.S. Marshals’ vehicles at 0%) seven months in prison on mail fraud and money laundering charges. During the VIP preview and open-bar hors d’oeuvres the night before the auction, the premier vehicles from the Brown seizure were closely guarded by SCMers Assistant U.S. District Attorney Wingate Grant and his wife Jo. Also in attendance were supervising U.S. Marshal Caroline DiCenzo and her entourage of Federal agents, who arrived in force the next morning as the most exquisite of the offerings were placed under a large tent for preview by a select few. During Motley’s weekly auction, collectors had plenty of time to inspect the finest offerings, as well as the more affordable seized and privately consigned cars. The contraband included a 2005 Maybach 62 that sold for $240,000, a 2006 Mercedes- Benz McLaren SLR that brought high sale honors at $320,000, and a number of 1960s and ’70s American coupes, sedans, and convertibles that all brought numbers in line with the current market. Motley’s also attracted a number of private and local dealer consignments, and the list of cars included auction house President Mark Motley’s own 2002 Porsche 911 Cabriolet, which crossed the block in tandem with a 2001 911 Cabriolet consigned by the U.S. Marshals. They both sold, bringing $54,600 and $42,100, respectively. Having no experience in exotic- and collector-only auctions, Motley’s was gratified by the amazing turnout at the event, and it is hoped they will plan a similar auction with or without headliner cars supplied by the Marshals. It is clear that private and collector consignments from around the Mid-Atlantic region could be rounded up for such a sale, and using its obvious skills at organization, Motley’s should be able to handle an even more impressive catalog in the coming years. From what this reporter garnered in speaking with Motley and his capable staff, the company is extraordinarily encouraged by that prospect.u Sports Car Market

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Motley’s Richmond, VA Column Author ENGLISH #X0023- 2005 ASTON MARTIN DB9 coupe. S/N SCFAD01A25GA01184. Green metallic/tan leather. Odo: 4,682 miles. Obviously used and enjoyed, detailed by the Marshals to bring it almost back to showroom condition. A few scratches here and there and some nicotine film on the inside of the along with purchase of the U.S. Marshals’ cars (which had no effect on the AMGs), this car was a fair deal for all involved. #X0036- 2001 MERCEDES-BENZ CL600 windows is all that separates this car from showroom. Cond: 1-. SOLD AT $132,000. A decent price on an almost new Aston Martin. This one was a good buy, but it still remains to be seen if these will be more or less valuable than new ones built after the Aston Martin buyout. GERMAN #X0045- 1967 MERCEDES-BENZ 230SL convertible. S/N 11304212019123. Orient Blue/parchment MB-tex. Odo: 19,863 miles. Older repaint shows door edge chips, light waviness, and orange peel. Good chrome, nice interior. Engine compartment undetailed with evidence of squirrel hibernation in the right rear corner. All books and records from coupe. S/N WDBPJ78J31A017886. Black/ black leather. Odo: 56,707 miles. Average used car condition throughout. Rock chips to front bumper, air dam, slight peeling of clearcoat on alloys. Interior near mint and well cared for. Engine bay neat as a pin. Cond: 2. SOLD AT $29,500. A nice deal for owner post-sale, and I could spot the grin on the new owner’s face as I passed him on I-95 after the auction. A nicely bought PCA member concours car. #X0035- 2003 MERCEDES-BENZ S430 4-dr sedan. S/N WDBNG70343A354703. Black/tan leather. Odo: 46,006 miles. Front bumper cover shows stone chips, tow hook cover missing. Slight wear visible, but car shows well overall. Cond: 2+. SOLD AT $33,500. A classic case of a car that looked like it could run with the big boys, but couldn’t. This smaller naturally-aspirated V8 W220 Mercedes was in good company and sold for a premium price just because it travelled in a good crowd. Well sold by the Marshals and well placed in the catalog by Motley’s. #X0024- 2005 MAYBACH 62 4-dr sedan. an attractive and rare late model Benz AMG coupe. A good detailing and perhaps a repaint of the front bumper could have done wonders for this car. I spoke with the new owner, who said he just couldn’t pass up something with AMG on the nameplate for under $30k. Well bought and sold. #X0030- 2002 PORSCHE 911 cabriolet. new, both hard and soft tops included. Cond: 2. SOLD AT $18,112. The presentation of this Benz was lackluster, and the private consignor of could have done more to sell his car to the crowd. The small 2.3-liter six with a 4-speed automatic was a detractor, as it usually is in the Pagoda-top community, but this car was easily worth the price it brought and more. A nice deal for the buyer, a fair deal for the seller. #X0031- 2001 PORSCHE 911 cabriolet. S/N WPOCA299X1S650435. Dark blue metallic/blue cloth/light gray leather. Odo: 7,181 miles. In almost perfect condition, with very minor paint flaws. Interior like new, top excellent. Crossed the block quickly despite a one-day Marshals’ Service title delay. Cond: 1-. SOLD AT $42,100. Noted classic and exotic dealer Daniel Schmitt snapped up this eye-catching 911. Despite the stigma that went 98 S/N WPOCA29922S654853. Gray metallic/black cloth/tan leather. Odo: 9,749 miles. Nearly undetectable paintwork to bumpers and sides of car carried out by a Porsche dealer. Advanced Technik package and removable hard top included. Nice leather interior shows wear commensurate with mileage indicated. Cond: 1-. SOLD AT $54,600. Auction company President Mark Motley’s personal car. S/N WDBVG78J45A001336. Gray & tan/ parchment leather. Odo: 7,431 miles. Almost imperceptible scuffs and scratches throughout. An as-new long wheelbase Maybach in an attractive color combination inside and out. Cond: 1. SOLD AT $240,000. A nice purchase at two-thirds retail by the same person who bought the SLR (lot X0025). This was just the thing for the buyer who really liked the last generation S-Class Mercedes and wants to take up two parking spaces in front of the bistro instead of just one. #X0025- 2006 MERCEDES-BENZ SLR McLaren coupe. S/N WDDAJ76F76M000915. He explained away the paintwork as a result of his kids playing in the garage. Clearly no expense was spared, and it was nice to have an explanation to go along with the car. Motley spent quite a bit of time with the new Sports Car Market

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Column Author Museum Spotlight Towe Auto Museum By Jennifer Davis Silver/red leather. Odo: 620 miles. Absolutely flawless, with only 620 miles on the odometer. Excellent paint, glass, trim, and leather. Comes with all paperwork and extras from purchase inside trunk. Cond: 1. SOLD AT $320,000. While this may seem like a deal against retail, new ones aren’t selling and several have been spotted on eBay for somewhat less than this high bid. Nevertheless, it was as good as one off the showroom floor, and since the buyer went home with both this and the Maybach (lot X0024), they could both be considered a deal out of convenience alone. #X0026- 2006 MERCEDES- BENZ SL65 AMG convertible. S/N WDBSK79F56F114597. Silver/silver hard top/ light gray leather. Odo: 1,287 miles. Minor chips and scratches in hood and bumper paint, otherwise, cosmetically appears as-new. Wheels unmarked, engine compartment extremely E dward Towe was a Montana banker with a Ford collection that had gotten too big and expensive to fit in the Montana Historical Society building. In June 1986, with help from the California Vehicle Foundation, Towe arranged shipping of his 180 cars to Sacramento. Thirteen transporters and eleven months later, the collection opened. Following difficulties with the IRS, Kruse auctioned off the cars in 1997. Today, about 40 cars from Towe’s original collection are on display, loaned to the museum by their new owners. The museum no longer displays only Fords, and has broadened its collection to include Rolls-Royce, Tucker, and HispanoSuiza, increasing the size of the display to over 160 cars. Also on display is a 1926 Cunningham Ambulance, believed to be the only one remaining. Unique The museum has a library open to both members and non-members. You can search among repair manuals, videos, brochures, film negatives, and magazines. There are also educational programs throughout the year, and you can enroll your child in “How Does that Engine Work?” a one-day program that gives fifth through ninth graders hands-on experience in the automobile engine. Where Towe Auto Museum 2200 Front Street Sacramento, CA 95818-1106 916.442.6802 www.toweautomuseum.org What Over 160 cars on display in a 71,000square-foot building. Hours Open seven days a week. 10 am to 6 pm. Closed on Thanksgiving, Christmas, and New Years Day. Admission Adults: $7; seniors: $6; students K–12: $3u 100 Cond: 3+. NOT SOLD AT $42,000. The experts were swarming over this car and the following ’65 and ’66 Corvettes in lots 5 and 6. Most quickly found evidence of prior accident damage in the right front corner, which made the panel fit problems make sense. Interest in Cond: 2. SOLD AT $52,500. A nice buy for the same phone bidder who bought the 425hp 396 convertible (lot X0005). The experts agreed that this was not the most remarkable of the Stingrays on offer, but it was the most impressive. Its condition reflected many years of care, and the minor issues noted would be easy to fix. At the sale price, this car could be considered a pretty good deal given the current market.♦ Sports Car Market clean, interior shows almost no wear whatsoever. Cond: 1-. SOLD AT $132,000. This car had it all—AMG badging, excellent condition, and a top that went down. The Marshals and the buyer both did well here. AMERICAN #X0004- 1964 CHEVROLET CORVETTE coupe. S/N 40837S103554. Maroon/tan leather. Odo: 38,531 miles. 327-ci V8, 4-bbl, 4-sp. Some paint and panel fit issues to the front clip, remaining paint decent. Incorrect later model big block hood fitted. Average chrome indicated older refurbishing. Engine bay dusty but correct. Windshield and side window rubber cracking. Original-style interior tidy, likely redone at some point. Older vinyl reupholstery decent, but worn. Engine bay slightly above par with original numbers-matching Turbo-Jet big block. Cond: 3. SOLD AT $52,500. This was perhaps the least appealing of the three Corvettes offered from a cosmetic standpoint, but a phone bidder came through at $50,000 and bought the car. Not a bad buy, even with the lackluster cosmetics, as a car with these options can be hard to find in a mechanically unmolested state. #X0006- 1966 CHEVROLET CORVETTE coupe. S/N 194376S100930. Blue metallic/white vinyl. Odo: 21,243 miles. 327-ci 350-hp V8, 4-bbl, 4-sp. Older restoration, nice body, good panel gaps. Paint shows very little color shift or mismatch, some minor prep issues visible. Interior very tidy with immaculate vinyl and correct carpet. Original wheels and caps not complemented by cheap Cornell radial tires. Engine bay clean and mostly correct. this car began to wane at the $40,000 range, and as it turned out, that was not enough. #X0005- 1965 CHEVROLET CORVETTE convertible. S/N 194675S111093. Eng. # S111093. Medium blue metallic/white vinyl/black vinyl. Odo: 78,254 miles. 396-ci 425-hp V8, 4-bbl, 4-sp. Mismatched front clip shows panel fit and gap problems. Older repaint shows aged clearcoat, a large chip in the middle of the hood, and potential other problems. Decent chrome and trim, convertible top has shrinkage and small seam tears.

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Shannons Melbourne, AUS Column Author Melbourne International Motor Show Auction Muscle cars were some of the highest sellers, suggesting that the market for horsepower, at least in Australia, is not yet in decline Company Shannons Date March 12, 2007 Location Melbourne, AUS Auctioneers Bill Wellwood & John Lockwood Automotive lots sold / offered 33 / 41 Sales rate 80% Sales total $1,387,485 High sale Big crowd meant strong sales at annual Melbourne auction Report and photos by John Clucas Market opinions in italics T he Melbourne Exhibition & Convention Centre again served as backdrop for Shannons at its annual Melbourne International Motor Show Auction, held in conjunction with Victoria’s largest annual indoor automotive event. Every one of the 250,000 show visitors was able to walk the length of displayed auction cars, and due in no small part to the cars’ visibility, well over a thousand people attended the sale. This year’s sale included 41 automotive lots, which was down from the usual 60 or so cars seen at each auction over the past three years. Over 100 applicants offered cars for sale, but construction at the venue reduced the space available and many lots were culled. Still, the quality of those that came to the sale was high, and the final total was nearly $1.4m. The advertised star of the sale was a 1930 Invicta S-type Low Chassis, which had been owned by the company’s founder, the late Robert Shannon, and used as a promotional tool for Shannons throughout the last two decades. It had appeared at a great number of motoring events around the country, and had been on the cover of almost every Shannons advertising flier since the company acquired it. When it came time to sell the car, there were obvious lumps in the throats of many Shannons employees. The auctioneer was audibly choked up, and he had to stand down from the podium immediately after the car’s no-sale at $751,280. One can only imagine what might have hap- 102 1948 Mercedes-Benz A320-W142 cabriolet, sold at $275,068 Buyer’s premium $784 ($1,000 AUD), included in sold prices ($1 AUD=$0.79) pened had it met reserve. Defibrillators, anyone? A well-restored factory prototype 1948 Mercedes-Benz A320-W142 cabri- olet was the high sale, and with its unique coachwork and excellent condition, it brought $275,068. Aussie muscle cars were the next two highest sellers, suggesting that muscle car prices, at least in Australia, are not yet in decline. A 1971 Chrysler VH Charger R/T E38 coupe with no documented race history sold at $110,497, and a 1969 Holden Monaro HK GTS 327 coupe made $94,824. A somewhat lesser 1968 Holden Monaro HK GTS 307 coupe found a new home at an expensive $39,967, and Melbourne, AUS a 1927 Rolls-Royce Phantom I saloon brought $79,151, even though it needed minor cosmetic work. An ever-strong love of the utility was well demonstrated in two sale lots—a 1957 Ford Mainline and a 1956 Holden FJ, both Aussie-built examples from the 1950s. The Holden had been subjected to an excellent restoration, while the Ford was a barn find in original, low-mileage, unmolested condition. They sold for $48,587 and $26,645 respectively—twice their high estimates. Notable no sales included a very nice 1972 Bolwell Nagari that failed at a high bid of $46,610, a 1937 Austin 7 single-seat racer that stalled at $9,085, and a 1969 Mazda Cosmo 110B that remained with the seller at $83,740. As usual, Shannons provided a well-mixed bag of consignments for its Motor Show sale, which always tends to have a few surprises in the cars presented and the prices paid. This year, the company was able to do more with less, which was a very good sign for the Australian classic car market.u Sales Totals $2m $1m $1.5m $500k Shannons Melbourne Sports Car Market 2007 2006 2005 2004 2003

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Shannons Melbourne, AUS Column Author AUSTRALIAN #14- 1956 HOLDEN FJ utility. S/N 646458M. Eng. # 264110. Cream/red vinyl. RHD. Odo: 1,019 miles. Straight body shows original variability of panel gaps. Faultless body paint, wheel paint almost as good. All original glass in excellent condition, new weatherstripping everywhere. Exceptionally good brightwork shows no issues. New interior looks great. Equally fine workmanship devoted to the engine bay and underside. Nearly as shelf. Clean but unrestored chassis, clean original engine bay. In need of better detailing all around. Cond: 2. SOLD AT $94,824. The HK GTS 327 was a very strong performer on the track in its day, and these have what almost amounts to a cult following today. Bidder adrenaline was still pumping from the sale of the immediately preceding Aussie muscle car (lot 45), but it wasn’t pumping hard enough to get bids much past the mid estimate range. aluminum welds. Muffler and side pipe out of keeping with “the look.” Spartan interior with new leather seat. Neat and clean side-valve engine, distributor open to the elements. Well documented, with a successful race history. Cond: 3. SOLD AT $14,890. A well-built and ingeniously developed product from Brian Rawlings, a well-known Australian racer. This car had a history of being competitive in its category, and it looked ready to race. What’s the price for great styling, race history, and potential track fun? The answer is just south of $15k. good as can be. Cond: 1. SOLD AT $48,587. A facelifted version of Australia’s first commercially successful car: the 1948 Holden 48-215. Stunningly well restored and deserving of its many awards. At well over twice the highest estimate, the winning bid was expensive for an old ute. A four-door FJ sedan in the same condition would have only brought half as much, but even so, the seller is unlikely to have recouped the restoration costs, and once again, the post-restoration buyer is the winner. #13- 1957 FORD MAINLINE utility. S/N 1G10579580. Eng. # AVQ1910. Cream/tan leather. RHD. Odo: 40,255 miles. 272-ci V8, 2-bbl, 3-sp. Panelwork roughly repainted here and there, plenty of stone chips remain. Tailgate rusty. Front bumper repaired, remainder of brightwork very straight and showing 50-year patina. Clean, undamaged, original timber in bed floor. Excellent interior with seats surely #57- 1968 HOLDEN MONARO HK GTS 307 coupe. S/N 80737KJ125423. Eng. # 30742337KO125. Silver/pale blue vinyl. RHD. Odo: 29,924 miles. 307-ci V8, 2-bbl, auto. 40year-old paint now dull. Poor repaint of left door. Ripples in doors on both sides, trunk lid dented. Front and rear bumpers excellent, with no marks. Very original interior in good shape, #38- 1971 CHRYSLER VG VALIANT Mexicana 2-dr hard top. S/N VG8H231491. Eng. # D221001449. Green/cream vinyl/camel vinyl. RHD. Odo: 4,866 miles. Repaired hood fits poorly. Paint crazed, chipped, and polished through. Side windows scratched. Carpets worn, armrest cracked. Neat, clean, and wellmaintained engine compartment. No guarantee of roadworthiness, offered as unregistered. Cond: 3+. SOLD AT $8,620. Powered by the Hemi engine in lieu of the previous, relatively sluggish slant six, the VG model came in variants that included about 200 Mexicana hard tops. These aren’t distinctive enough to ever gain cult car status, but it was statement-making all the same. Well sold, especially if it needed mechanical work. #45- 1971 CHRYSLER CHARGER VH except for grubby carpets. Original wheels and dress rims included. Mileage indicated claimed correct. Cond: 3. SOLD AT $39,967. Sporting heritage, but not as sporting as that of its 327ci, 4-speed cousin. Hardly in the same class or condition as the more powerful car, and certainly not worth a cent more than the high bid. Well sold. #46- 1969 HOLDEN MONARO HK redone at some time. A very honest, one-family car that still wears its original registration plate and looks to have been garaged all its life. Cond: 3-. SOLD AT $26,645. An Australiandesigned and -built version of the Customline sedan. Ford fans were salivating over this totally original example of the classic ute, and rightly so. Let’s hope the new owner doesn’t try to restore it. At twice the high estimate, it looked costly, but you’ll never see another like it. #30- 1962 BULANT MK 1 Group L racer. S/N n/a. Eng. # 142582. Polished aluminum/ gray leather. Nose cone shows signs of accident damage, complex tail shape has rough 104 GTS 327 coupe. S/N 81837KJ157214. Eng. # 32745561K110714. Inca Gold/Buckskin Beige vinyl. RHD. Odo: 25,743 miles. 327-ci V8, 4-bbl, 4-sp. Minor orange peel in excellent paint. Smooth original chrome on bumpers, door handle finish needs attention. Seats and carpets as-new, extra holes cut in rear parcel frayed. Door seals torn, radio not installed but included in the sale. Better outside than in. Cond: 2. SOLD AT $110,497. Made to race, this was one of just 316 such Aussie muscle cars built. These are very desirable, and even though the Australian market is well aware of a flattening in U.S. muscle car prices, bidding on the E38 exceeded all expectations. Well sold if that flattening reaches Australia, not so well sold if the upward trend continues. #40- 1972 FORD FALCON XA GT 4-dr sedan. S/N JG33MG74716K. Eng. # JG33MG74716K. Pottery Beige/black velour. RHD. Odo: 71,630 miles. 351-ci V8, 4-bbl, auto. Very good repaint has minor orange peel Sports Car Market R/T E38 coupe. S/N VH7S29BH300243. Eng. # D363B00179. Hot Mustard/black vinyl. RHD. Odo: 84,745 miles. 265-ci straight 6, 3x2-bbl, 3-sp. Perfectly flat body, flawless paint. Straight brightwork with minor buff marks from rechrome. Very good seats, minor wear to driver’s carpet, original seat belt badly

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Shannons Melbourne, AUS Column Author this hot little racer. A lot of fun is waiting for the next owner, but he wasn’t at this auction. Bidding stopped at the mid-estimate range after little if any interest. #26- 1947 BENTLEY MK VI saloon. and slight pitting. Right rear corner possibly repaired. Rear bumper repairs only average, with some waviness to chrome plating. Driver’s window scratched, other glass and trim OK. Interior seats and trim as-new, carpet slightly worn, modern stereo installed. Neat engine compartment. A tidy car all around. Cond: 2+. SOLD AT $27,820. The first all-Australian Falcon sedan, made famous by the success of the coupe version. Hardly rare among the many 4-dr Falcon GTs, but these are great if you want something practical while keeping in touch with your youth. No doubt bought by a Ford fanatic, and that buyer should be reasonably happy. ENGLISH #55- 1926 BAYLISS THOMAS CHUMMEY roadster. S/N 7003. Eng. # 4593. Dark green & black/black vinyl/maroon leather. RHD. Odo: 2,329. Minor eruptions in good older repaint, body straight and solid. Nice nickelwork shows minor ripples in left headlamp and grille top. Interior as-new, with nice seating for two and S/N B146BH. Eng. # RE9421. Warwick Gray & steel gray/steel blue leather. RHD. Odo: 48,551 miles. Fair repaint over minor body flaws, sunroof rails grubby. Most brightwork needs attention to scratches and dents. New seats, door trim, and carpets front and rear. auction block. This one was reported to have been driven 500 miles to the auction, so it was well worth the high bid. Well bought. #48- 1930 INVICTA S-TYPE 4 1/2 Low Chassis tourer. S/N S24. Eng. # 7392. Green/ doeskin leather. RHD. Odo: 7,520 miles. Straight panels, equally nice paint shows few chips. Various scratches in polished aluminum hood. Other original aluminum body parts badly pitted. Ripply grille and headlights. Interior seats and mats very good, but no longer new. Underside clean and neat. Clearly well maintained since restoration in 1993. Cond: 2+. Some interior woodwork refurbished, some original. Extra mystery wires in engine bay a clue to aftermarket mods in the past. NonAustralian delivery, registered as a hire vehicle. Cond: 3-. NOT SOLD AT $19,750. Compact by earlier standards, the immediate post-war Bentley was built for the owner-driver rather than the chauffeur. Well powered and well mannered, but uninspiring. The highest bid matched the low estimate, which should have been more than enough to move this Mark VI. #25- 1973 BENTLEY T1 NOT SOLD AT $751,280. With a 90 mph capacity, the Low Chassis Invictas were successful racers in their day and great looking as well. This one had excellent Australian history, and it was well known across the land through its exposure in 20 years of ownership by company founder Robert Shannon. The mid range estimate of $800,000 was optimistic by about $200k, in my opinion. #29- 1937 AUSTIN 7 Single Seat racer. clean instrumentation. Immaculate underside, engine bay very clean. Rare five-digit registration included. Cond: 2. SOLD AT $28,212. A well proportioned product of the U.K. motor bike firm Excelsior. Five digit registrations in earlier lots here brought $20,000 without a car attached, and this roadster was a beauty. The buyer did exceptionally well. #28- 1927 ROLLS-ROYCE PHANTOM I saloon. S/N 27RF. Eng. # MO15. Maroon & black/black vinyl/burgundy leather. RHD. Odo: 3,207 miles. Rebodied in the early ’30s. OK paint shows fine pitting and blisters all over, as well as several cracks from timber frame movement. Excellent interior worn slightly. Rear seat luxuries include crystal vases and mirrors. Oil leaks front, center, and rear (as expected). Clean engine compartment, but hardly concours condition. Well documented. Cond: 2-. SOLD AT $79,151. Great looking by any standard, and much more useable than the Silver Ghost that preceded it across the 106 Eng. # M27469. Aluminum/aluminum. RHD. Tube frame with nicely built aluminum body and no doors. Spartan interior in steel and aluminum. Roll bar, race harness, no consistency in instruments. Grubby but serviceable engine wearing modern improvements, such as twinsystem hydraulic brakes and an electric water a few T1s, but much worse than others. Cond: 3-. SOLD AT $14,890. The T1 was Bentley’s version of the Silver Shadow. This one came to Australia from the U.K. in 1986, making it less desirable than a drier climate Australiandelivery example. There was no reserve on this lot, and a bid of $13,000 would have been more than enough. The seller should be well pleased. Perhaps the downward spiral in the prices of these has finally come to an end. pump for performance and reliability. Rusty water splashes from radiator. Raced regularly. Cond: 3. NOT SOLD AT $9,085. Clearly much development time and money went into #24- 1985 PANTHER KALLISTA road- ster. S/N SA9PANLA501005536. Eng. # 1005530. Light blue & white/black vinyl/black leather. RHD. Odo: 64,230 miles. Poor panel Sports Car Market saloon. S/N SBH14199. Eng. # 14199. Blue metallic/beige leather. RHD. Odo: 42,450 miles. Straight body, questionable fit to driver’s door. Most brightwork scratched, grille and front bumper poorly repaired. Inner guards quickly sprayed for sale. Grubby marks on seats, remainder of interior clean and well-fitted. Serious oil leaks from recently overhauled engine. Better than

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Shannons Melbourne, AUS Column Author leveling suspension survives. Bought cheaply, considering one in worse shape sold at auction in Melbourne for $10,000 less the weekend before. fit is possibly original, ripply body shows chips and dents in reasonable paintwork. Seats, mats, and door trim still very good. Coating on walnut interior cappings flaking. Non-functioning a/c and alarm as well as sun visors in a box rather than on the car tell a tale. Cond: 3-. SOLD AT $15,673. A ’30s-inspired machine with Ford mechanicals and a better look than some of its equivalents. Not everyone’s cup of tea, but great good-weather fun. Sold at midestimate money, so both the buyer and seller should be happy. GERMAN #47- 1948 MERCEDES-BENZ A320 W142 cabriolet. S/N 153423. Eng. # 153423. Twotone blue/dark blue cloth/two-tone blue leather. Odo: 10 km. Straight body, poor alignment to front edge of driver’s door. Fine orange peel to paint, no scratches or dings noted. Variable fit where rear bumper meets bodywork, other chrome straight and well-fitted. Exceptional new interior with each door trim featuring wood, chrome, and two colors of leather. Beautiful dash, excellent top, perished tires. OK. Excellent new interior includes woodwork, but marks on seats, sun visors, and headliner detract slightly. Australian delivered in RHD, very well restored at a claimed cost of over $80,000. Cond: 1-. SOLD AT $51,722. Well powered and luxurious. Produced for use by heads of state and anyone claiming equal dignity. Hardly an everyday driver and hardly “fun” to drive, but it was certainly prestigious and attention grabbing. You won’t find many better than this one, but the winning bid was all the money, regardless of the cost of restoration. #4- 1962 VOLKSWAGEN KARMANN- GHIA coupe. S/N 4857101. Eng. # H0908586. Light blue/ivory/light blue vinyl. RHD. Odo: 97,082 miles. Straight body, even panel gaps, paint shows minor orange peel everywhere. Excellent brightwork, some polishing marks beneath chrome. Fully restored interior to original specs. New windshield, remaining Interior shows an excellent headliner over torn seats. Door seals cracked, tires worn out. Original books and service history included. Cond: 4-. SOLD AT $7,445. One of the hottest performing family sedans of its day, and still a goer by today’s standards. Unfortunately, everything on this car needed cosmetic attention... and let’s not forget the mechanicals. Sold without reserve at a fair price considering the work required and the fuel bills ahead. ITALIAN #5- 1989 MASERATI SPYDER convert- Engine has several oil leaks. Cond: 1-. SOLD AT $275,068. One of Germany’s first post-war examples, documented as a one-off factory prototype. Powered by the pre-war side valve engine from the 320 model, and it’s unlikely to go hard with such a heavy body. Part owned by a local Jaguar enthusiast and labelled “Hitler’s Revenge” by local Jaguarphiles who consider the tail treatment ugly. What’s the correct price for a one-off Mercedes prototype? Neither the auctioneer nor seller had much of an idea until the hammer fell at just over $275k. #58- 1959 MERCEDES-BENZ 300D Pillarless saloon. S/N 1890109500035. Eng. # 189980229500047. Black/cognac leather. Odo: 47,848 miles. Perfect bodywork with equally good paint. Very good brightwork shows few ripples. All side windows scratched, other glass 108 original glass scratched. Well restored. Cond: 2+. SOLD AT $16,849. The Karmann-Ghia was sportier and smarter looking than the Beetle, but they shared all their mechanicals. This was an excellent example inside and out, but it was nowhere near show, and the buyer paid over market for a #1 car. #7- 1967 MERCEDES-BENZ 600 Grosser saloon. S/N 10001222000928. Eng. # 10098022000973. Black/dark green leather. RHD. Odo: 3,175 miles. Very good repaint shows fine orange peel throughout. Panel gaps nice, brightwork covered in fine scratches. Well maintained interior with refrigerated bar. Walnut veneers show a nice patina. Side windows scratched, rear window cracked during auction setup (at no fault of Shannons) and is to be replaced at no cost to buyer. Well presented overall. Cond: 3+. SOLD AT $46,236. A fast, powerful package that oozed luxury. For a 40year-old, this limo was still in remarkably good condition, and it should be able to go the same distance again... assuming its hydraulic self- ible. S/N ZAM333BDDHA190109. Eng. # AM453VS150395. Red/black cloth/beige leather. RHD. Odo: 112,243 km. Good original paint over mostly straight panels, driver’s door sits high when closed. Paint color mismatched at right rear, suggesting accident repair. Seats still good, but leather is cracking and stitches #2- 1969 MERCEDES-BENZ 300SEL sedan. S/N 10901822001069. Eng. # 10098122001092. White/maroon leather. RHD. Odo: 154,548 miles. Fair older repaint shows chips, scratches, and swirl marks. Body straight, panel gaps consistent, rust under door sill plates. Brightwork scratched and worn throughout. are pulling, detracting from overall impression of the vehicle. Grubby underhood lining over dirty engine. Cond: 3+. SOLD AT $16,849. The Maserati Spyder had clean lines, conservative styling, and a decent 200 hp from its twin turbos. However, this one was approaching 20 years of age, and reliability wasn’t its big selling point when new. Sold a little above expectations, considering the automatic transmission. Sports Car Market

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Shannons Melbourne, AUS Column Author JAPANESE #33- 1969 MAZDA COSMO 110B coupe. S/N L10B10837. Pale blue/black & houndstooth vinyl & cloth. RHD. Odo: 13,648 km. Panels straight and well fitted, excellent paint shows just a hint of orange peel. Nice silver wheel paint, very good brightwork, scratches to driver’s window. Perspex headlight covers starting to haze, light seals aged. Driver’s mat slightly worn. New interior looks great. Beautifully presented. Cond: 1-. 4-bbl, 4-sp. Beautiful paint shows a bad spot rear of right door and evidence of holes from aftermarket hood scoop. In need of a good polish throughout. Plenty of ripples beneath well chromed brightwork, glass and trim nice. Clean interior restored to original specs. Cond: 2+. SOLD AT $67,004. Restored in the U.S. in 1996 before being imported to Australia. Very well presented and better restored than many others of the era, and priced just right for both buyer and seller. NOT SOLD AT $83,740. The 110B Cosmo is certainly one of the more desirable Japanese machines of the ’60s. No doubt this example was one of the best around, but the market is saturated with better looking, better performing cars around this price, and in Australia, buyers can be choosy. They certainly were here, as few showed any interest. AMERICAN #42- 1927 CHRYSLER IMPERIAL E80 7-passenger sedan. S/N EW628E. Eng. # E7374. Maroon & silver/grey velour. RHD. Exceptionally straight panelwork, shiny paint shows a little orange peel and a reaction spot on the driver’s door. Nice brightwork shows buff marks in front bumper. Underside and engine compartment quite presentable, but not as nice tatty, trunk insides unrestored. Neat engine bay, original overdrive gearbox. Cond: 4. SOLD AT $13,322. Certainly a good looker from any angle, but it was much better looking in the catalog than in reality. New paint would have done wonders for this car, but it likely wouldn’t have brought the seller much more money. Presented with no reserve and sold right on the low estimate. as exterior. Alternator and front disc brakes fitted. Good history, much invested. Cond: 2. SOLD AT $39,967. Built in the halcyon days of Chrysler, and equipped with a top speed of 80 mph in relative luxury. Super clean whitewalls too bright for the silver guards, but that will change over time. Plenty of similar machines exist on the market around the same price, so this seller showed wisdom in letting it go at this bid. A lot of car for about the right money. #43- 1932 FORD HI-BOY roadster. S/N N/A. Eng. # VF021161354. Black/white vinyl/red leather. RHD. 5.7-liter fuel-injected V8, auto. Mostly straight fiberglass body, good paint with minor orange peel and pitting. Side 110 #17- 1962 CHEVROLET CORVETTE convertible. S/N 20867S104466. Eng. # 210446F1221RE. Red/white vinyl/red leather. RHD. Odo: 27,228 miles. 327-ci 340-hp V8, around 1995. Grubby console and dash, torn floor mats, window seals crumbling. Looks good from a distance, but up close is another story. Cond: 4+. SOLD AT $20,375. Plenty of grunt and aggressive styling in a package that was good all around. The C4 was a big improvement on the preceding C3, but bright paint was the only bright thing about this example. Much money for a car needing much spent, and that was just for the cosmetics.u Sports Car Market molding mismatched in size to hood molding. Excellent interior nicely trimmed in original style, oversized speakers excepted. Impressive engine compartment, nice whitewall tires on red steel wheels. Cond: 2. SOLD AT $52,506. Designed, built, assembled, and painted very well by automotive students at a local college. Good looking and no doubt a heap of fun, but wasn’t the running gear just too modern for the package to have much appeal? The buyer certainly disagreed, and he paid just above the high estimate to own it. #59- 1960 STUDEBAKER SILVER HAWK coupe. S/N 7A8GE010700799446. Eng. # 242450246. Azure Blue/blue vinyl. RHD. Odo: 35,617 miles. Paint presentable but blistered all over. All brightwork badly pitted, hood hinges both loose. Seats almost new, carpets moth-eaten. Door trim possibly original and still nice. Kick panels old and #44- 1967 FORD MUSTANG GTA 390 fastback. S/N 7R02S173777. Eng. # S173777. Clearwater Aqua/black vinyl. Odo: 60,798 miles. 390-ci V8, 4-bbl, auto. Factory S-code 320-hp car in a stunning color. Both doors show ripples, hood fit poor. Paint settled since earlier recoat, with filled-in chips and small swirl polish marks. Buff marks in front bumper, rear bumper nice. Beautiful as-new interior. Engine compartment clean and OEM. Cond: 2. SOLD AT $52,506. The S-code is one of the rarer Mustangs, and it’s more sought after than many preceding models. This example had been well cherished since its restoration some years ago. There are not many GTAs to choose from in Australia, let alone in this condition, so the mid-estimate winning bid was on the money for this car. #15- 1987 CHEVROLET CORVETTE convertible. S/N 1G1YY3182H5117944. Eng. # V01262LC1H117944. Yellow/black leather. RHD. Odo: 81,282 km. Straight bodywork, decent panel gaps. New paint shows plenty of issues, including repairs in right rear wheelarch and much overspray on window seals. Converted to RHD after arriving in Australia

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O’Gallerie Portland, OR Column Author Estate and Collection Auction Walker started collecting in the ’70s, and he amassed the hottest bikes from BMW, Ducati, Moto Guzzi, Triumph, and Harley-Davidson ENGLISH #139-1970 BSA A65 Thunderbolt. S/N CD06497A65T. Eng. # BD06497A65T. Gray. Odo: 4,467 miles. Vertical twin engine. Chrome tank in good shape, side covers nice, engine cover needs polish. Front and rear drum brakes, Smiths speedo, no tach. 1992 tags. Seat looks to have been recovered at one time. Avon Super Venom tires. Cond: 2. SOLD AT $5,040. BSAs made before 1971 are the most desirable, as the oil-in-frame system arrived that year. Hunter S. Thompson rode one of these with the Hell’s Angels in the 1960s. An unusual model in unusally nice condition, and a reasonable deal for the buyer. #720-1976 TRIUMPH T 140 V Bonneville. Bidders braved February rain to check out Walker’s collection Report and photos by Bill Neill Market opinions in italics Portland, OR Melvin Walker, who was born in Portland in 1935 and worked in his family’s garbage collection business. He started collecting I motorcycles in the 1970s, and had owned some of the hottest bikes available in the late ’70s and early ’80s from BMW, Ducati, Moto Guzzi, Triumph, and Harley-Davidson. Walker passed away in May 2006, and his collection of mo- torcycles eventually found its way to O’Gallerie. On two rainy February evenings, with temperatures lingering in the 40s, the bikes were parked outdoors under a tent where bidders could start them and let them idle. At least, some of them started. About half were listed as non-running, apparently due to gummed-up carburetors and minor flaws. High sale honors went to a 1981 Harley-Davidson FLH Heritage, which was fully dressed with chrome and leather fringe. It sold for $17,360. Just behind it was a rare 1984 Harley-Davidson XR-1000 Sportster. Showing minor age, it sold at $16,240. A 1999 Kawasaki Drifter brought $7,840, and a 1986 Yamaha SRX-6 single sold at $8,400—ten times its low estimate. The last motorcycle, a 1986 single-cylinder Suzuki Savage, brought $2,400. Even though some of the bikes on offer were not perfect, most all of them were extremely well preserved, and not a lot was needed to make even the worst bike of the collection ride-worthy once again. O’Gallerie presented each model without any added description or hyperbole. The company’s low-key manner replaced the rapid patter normally associated with auctions—and for those in the market for an excellent original motorcycle, no hype was needed.u 112 t was a motorcycle collector’s dream—more than a dozen bikes, most of them 20 to 30 years old and with only three digits on the odometer, all auctioned at no reserve by O’Gallerie in Portland. The 18 motorcycles to be sold belonged to Company O’Gallerie Date Feb. 19–21, 2007 Location Portland, OR Auctioneer Dale and Thomas O’Grady Automotive lots sold / offered 18/18 Sales rate 100% Sales total $151,080 High sale 1981 H-D FLH Heritage, $17,360 Buyer’s premium Buyer’s premium 12% (included in sold prices) Original seat with Triumph logo in good condition. Chain lube on rear wheel, fuel-stained twin Amal carbs. Declared not to start. Cond: 2-. SOLD AT $5,600. This example had been built toward the end of the Meriden factory run. Late Triumphs like this command little interest from collectors, and this one sold above market for its condition. ITALIAN #646-1977 MOTO GUZZI 850 LE MANS. S/N 071764. Eng. # 071764. Red. Odo: 835 miles. Shaft drive, V-twin engine, twin Dell’Orto carbs. Veglia tach and speedo. Very good condition overall, but brake discs show some rust. Slight pitting on engine cover, dust on windshield. 1981 tags. Owner’s manual included. Cond: 2+. SOLD AT Sports Car Market S/N T140VBN68017. Eng. # BN68017. Red & white. Odo: 1,296 miles. Nice scalloped paint on tank, new cap on brake master cylinder. French-made tach and speedo, kick start fitted. Fenders and aluminum trim need polishing.

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foreign coachworks, inc. 1966 Austin Healey 3000 4 Speed with O/D $39,000 1973 Jaguar XKE Roadster V12 4 Speed A/C Silver/Black 9980 Miles from New-Like New $69,000 1962 Austin Healey 3000 Tri-Carb $35,000 Randall Yow 114 E Bragg Street Greensboro NC 27406 Phone 336 273 9336 RYow3@triad.rr.com Too many modifications to list. $100,000 1953 Porsche 356 Outlaw 1987 Porsche 930 Turbo Blue/Blue 66k miles $34,900 Vintage IMSA GTX Porsche/SVRA/HSR Legal-Make Offer 1986 Porsche 1959 Porsche Convertible D Race Car-Fresh Engine & Paint $69,500 1934 Ford 3 Window Coupe Street Beast-350 Chevy Engine AC/PW/Leather/Automatic Trans $39,000 1975 MG Midget Real Group 44 Car Excellent Records $31,500 1963 Cooper Formula 3 1000cc Cosworth engine 4 speed Newland. $38,500 Maroon/Beige $18,000 1972 Porsche 911 Steel Turbo Flares 3.0 911 Engine 1965 MGB Blue/Black Total Restoration $8500 Visit our Web Site at www.foreigncoachworks.com 1969 Zink Formula Vee Cricket Farm Motor $11,500 6.5 Hrs on Engine/Trans Rebuild $26,000 Porsche 914 Race Car 3.3 325 HP Engine

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O’Gallerie Portland, OR Column Author #190- 1986 YAMAHA SRX-6 Super Single. S/N JYA2EF008GA000695. Red. Odo: 4 miles. Kick-start Yamaha single in excellent shape. As-new in all respects, with only four miles on the clock. Cast wheels still shiny. Square-tube frame. 1988 tags. $9,520. Celebrated sport model first built in 1975. This price would be hard to duplicate, even for a bike as nice as this one appeared to be. Well sold. #661- 1979 DUCATI 900 GTS Sport. S/N 855022. Silver & blue. Odo: 422 miles. Marzocchi decals on forks and shocks. Metal side panels removed and lying next to bike. Throttle stuck, does not start. LaFranconi mufflers in excellent shape, Smiths speedo Cond: 1. SOLD AT $8,400. Sold for over ten times the low estimate of $600. Imported for one year only, these cute little sport bikes did not succeed in the U.S., but they were popular in Japan. These have a small devoted following, and apparently several devotees were in the audience here. AMERICAN #151- 1977 HARLEY-DAVIDSON XLH 1000 Sportster. S/N 3A53361H7. Red. Odo: 901 miles. Nice paint, AMF logo on gas tank. Light corrosion on chrome chain cover, mufflers, and shocks. Original air cleaner, Delco- and tach. Engine clean, but not detailed. Frame black and shiny. Corrosion on headlight trim. Cond: 2. SOLD AT $7,280. Not an exceptionally desirable model to collectors. Too bad it wasn’t a 900SS or a Mike Hailwood Replica, as both are worth twice this price. Bought by SCMer Tom Young, who owns several Ducatis. JAPANESE #35- 1985 YAMAHA V-MAX. S/N JYA1FK009FA001211. Red. Odo: 127 miles. Power cruiser equipped with a huge, watercooled V4 engine. Excellent metallic paint, good chrome, nice seat. Appears all stock. Stated to “run rough, needs tuning.” Started Monday night under tent outside. Cond: 1-. SOLD AT $7,280. Yamaha has built this model Remy regulator. 1984 tags. Cond: 2-. SOLD AT $5,040. Sportsters from the 1969–81 AMF era are not greatly sought after today. Over the years, many were modified, customized, crashed and rebuilt. Here’s one that seemed to have escaped such abuse, making it rare. A fair price all around. #160- 1978 HARLEY-DAVIDSON XLCR Cafe Racer. S/N 7F21833H8. Black. Odo: 875 miles. All-black trim with correct flat black mimic the looks of old Harleys, with saddlebags and a vintage color scheme. A total of 874 were built. It sold to a collector who also happens to be the Japanese distributor for Langlitz motorcycle jackets. It’s headed to Japan, where it is said to be worth twice as much as this sale price. #758- 1984 HARLEY-DAVIDSON XR- 1000 Sportster. S/N 1HD1CDH30EY110782. Gray. Odo: 360 miles. Harley-Davidson wheels with red stripes. Correct flat black exhaust sweeps up on left side. Dunlop tires, 8,000 rpm tach. Paint a little cloudy on gas tank, decent elsewhere. 1985 tags. Cond: 2+. exhaust. Brake discs shiny, three-inch paint flaw on gas tank. Fairing and tail section in nice shape, turn signal stalk chrome only fair. No visible oil leaks. 1984 tags. Cond: 2+. SOLD AT $14,000. One of only 3,124 built from 1976–1978. Known as the Cafe Racer, these Euro-inspired beauties were shunned when new. Now they are a status symbol for riders who value fast travel over coffee shop posing. A hefty price, but not a bad deal for the buyer. #706- 1981 HARLEY-DAVIDSON FLH ELECTRA GLIDE Heritage. S/N 1HD1AJK23BY039478. Khaki & orange. Odo: 441 miles. Full-dress model. Sprung solo seat with chrome trim and fringe. Chrome luggage rack, fringed leather saddlebags, front and rear disc brakes. Floorboards, crash bars, twin riding lights. Cond: 1-. SOLD AT $17,360. This rare Heritage model was built to for over 20 years with few changes. This was the first motorcycle sold in the auction, setting the tone for lots to come. Another bought by SCMer Tom Young for his Rose City Motorcycle Museum. He claimed a first year model in this condition should bring $10k. Current retail for a 2007 V-Max is $11,199. 114 SOLD AT $16,240. With cylinder heads and twin Dell’Orto carbs sourced from Harley’s XR-750 racer, this bike made 70 hp, which made it one of the most powerful Harleys built during its time. Fewer than 2,000 of these factory hot rods were built between ’83 and ’84. Fully priced, but it will appreciate faster than any other ’80s Sportster. u Sports Car Market

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Bonhams & Butterfields Brookline, MA Column Author The Frank Cooke Collection, Part II Two bidders fought over a 1923 Silver Ghost Springfield Piccadilly roadster, and when the dust settled, the winner paid a record $342,500 Company Bonhams & Butterfields Date April 21, 2007 Location Brookline, MA Auctioneer Malcolm Barber Automotive lots sold / offered 32 / 57 Sales rate 56% Sales total $3,614,203 High sale 1926 Bugatti Type 39A, sold at $1,175,000 Buyer’s premium Malcolm Barber collects bids for the Bugatti Type 35A Report and photos by Donald Osborne Market opinions in italics T he 6th annual Bonhams & Butterfields auction at the Larz Anderson Auto Museum in Brookline, MA, was held in 17% on first $100,000, 10% thereafter (included in sold prices) Brookline, MA glorious sunshine following a few days of torrential rain and near hurricane-force winds. In a suburb minutes from downtown Boston, the sale once again attracted a good crowd, and many of them stayed for the golf, maritime, and antique auctions also presented at the site during the weekend. Immediately prior to the sale of the cars, 300 lots of automobilia were put on the block. Most were mascots, which Bonhams is well known for presenting. After last September’s marathon sale of the Frank Cooke Collection, the barns were scoured and yet another 337 lots of RollsRoyce parts and merchandise were turned up. These were offered after the automobilia, but the bidders were not as enthusiastic this time around. Historically, this auction has featured an assortment of cars typical of New England collections, including Brass Era cars, pre-war Rolls-Royces, Pierce-Arrows, Cadillacs, and Packards, as well as post-war MGs and vintage race cars. This year’s lots followed that pattern, with the addition of some ’50s and ’60s American iron thrown into the mix. The star car of the sale was a 1926 Bugatti Type 39A Grand Prix racer, profiled elsewhere on p. 58. One of ten built, it had been a well-known VSCCA race car in recent years and was in superb condition. It failed to sell during 116 the auction at a high bid of $1,050,000, but the Bonhams & Butterfields team worked the seller and high bidder for the next four hours, and the company was able to confirm early the following morning that a deal had been struck at an all-in price of almost $1.2m, including premium. Notable sales included a grand and imposing 1912 Pierce-Arrow Model 48 tourer that sold just under its low estimate at $392,000, and a stunning 1926 Rolls-Royce Springfield Silver Ghost Tilbury sedan that was a bit of a bargain at $160,000. A majestic 1915 Simplex Crane Model 5 Sport Berline was also good value at a mid-estimate $150,000. The nonagenarian owner of a 1923 Springfield Silver Ghost sat in the tent and watched as two very determined bidders battled over his well-restored car. When the dust settled, the winner had paid $342,500 to put it in his garage—a new record price for a Piccadilly. The ’50s and ’60s Americana on offer faired bet- ter than might be expected at this venue, with just under half selling. Notable in this group was a very well-restored 1953 Packard Caribbean convertible, sold at a correct $111,500. Auction company CEO Malcolm Barber said the expansion of the range of cars offered was a positive move, as Bonhams felt it attracted a number of new bidders and buyers to the company. With 15 additional cars over last year’s offer- ings, the 56% sale rate (vs. last year’s 55%) showed positive movement, while this year’s dollar total was almost three times that of last year. This season opener for Bonhams & Butterfields reinforced the recent trend of continued underlying strength in the market, without some of the irrational exuberance as seen in previous years.u Sales Totals $2m $3m $4m $1m Bonhams & Butterfields Sports Car Market 2007 2006 2005 2004 2003

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Bonhams & Butterfields Brookline, MA Column Author ENGLISH #710- 1886 BENZ PATENT MOTORWAGEN Replica. S/N 074. Black leather. Very good as-built condition, with only slight discoloration of leather drive belt. Nice wood floor, spoke wheels clean, brass and copper engine components well-polished. Cond: 1-. SOLD AT $49,725. A features divider window. Cond: 4+. SOLD AT $32,760. A former 1st place AACA winner in 1978. This handsome “baby” Rolls junior limo was done in appealing colors, but some work was needed to make it a show winner again. Restoring a small Rolls doesn’t really pay—so it’ll be better to enjoy this on tours and keep it running instead. A good deal for the money. #707- 1948 MG TC roadster. S/N TC7309. coachwork. It would restore beautifully, and it attracted a good deal of interest from people who hoped to steal it. It ended up making a good mid-estimate price, and it returned home to the U.K. A fair deal for all involved. #745- 1935 WOLSELEY HORNET replica of the pioneering Benz vehicle, built in the U.K. for Mercedes-Benz in 2002-2003. Sold with dedicated enclosed trailer and original wooden shipping crate. They’ve been selling in this range for years, so it’s still the right price for a neat and usable piece of history. #717- 1923 ROLLS-ROYCE SILVER GHOST Springfield Piccadilly roadster. S/N 318XH. Eng. # 21143. Maroon & black/ black canvas/black leather. RHD. Odo: 341 miles. Coachwork by Rolls-Royce Custom Coachworks. Excellent panel fit, decent paint shows two small chips on right door and a small stress crack on left door. Very good brightwork, well-fitted interior. Winner of the cracking on left sill below door. Very good interior and top, nice wood trim. Cond: 3-. SOLD AT $32,760. A rare example of this OHC 6cylinder high performance Wolseley, the car of the middle-class striver. Very attractive DHC coachwork done by the London selling dealer. It was a strange car, so of course I loved and wanted it... but not at the price it achieved. Well sold. #711- 1937 Best in Concours Class at the 2005 Rolls-Royce Owners Club National Meet in Greenwich, CT. Cond: 2+. SOLD AT $342,500. The Piccadilly roadster, on either the Ghost or Phantom chassis, is one of the most attractive bodies offered. This one was very well restored and finished in great colors. Add to that two very determined bidders, and you have a record auction price for a Piccadilly. #730- 1933 ROLLS-ROYCE 20/25hp coupe. S/N GLZ7. White & black/beige leather. RHD. Odo: 93,417 miles. Coachwork by Freestone & Webb. Variable panel fit. Old paint checked, scratched, dull, and showing many stress cracks. Complete brightwork surprisingly good, except on headlights. Seats well worn, but could perhaps be saved. Wood trim fair to good, except for dry driver’s door cap and inlaid stringing detail missing in spots. Cond: 4-. SOLD AT $46,800. A very good-looking small Rolls-Royce two-door with elegant 118 ROLLS-ROYCE 25/30hp Sports 4-dr saloon. S/N GMP76. Eng. # H29Q. Black & dark green/burgundy leather. RHD. Odo: 16,833 miles. Coachwork by Hooper & Co. Decent panel fit, right front door slightly out at bottom edge. Older paint shows shrinkage, scratches, and stress cracks. Good chrome has some pitting on sidemount spare lock. Seats show a nice patina, with some tears to front center bolster. Very good wood trim, interior SPECIAL drophead coupe. S/N 629163. Eng. # 634163. Gray & blue/black vinyl/blue leather. RHD. Odo: 3,498 miles. Coachwork by Eustace Watkins. Both doors sit high at top rear edge. Decent paint worn on hood hinges, soiled seat, slightly dirty dash wood, and some cloudiness in gauge glass covers. Clean painted wire wheels. Cond: 2-. SOLD AT $26,910. Great colors on a classic TC. This car needed little to be a very nice driver, and while this price was strong, it was not incorrect. Well bought and sold. #725- 1952 MG TD roadster. S/N TD17424. Black/black vinyl/black & white vinyl. Odo: 32,417 miles. Good panel fit, tired older paint is faded and dull in spots. Fair chrome, with bent and wavy radiator surround. Odd twotone aftermarket interior is soiled and has split Eng. # 5088. British Racing Green/tan canvas/tan leather. RHD. Odo: 2,806 miles. Very good paint and chrome, straight body, nice panel gaps. Decent interior shows a somewhat seams on the passenger side. Cond: 4. SOLD AT $15,210. A somewhat worn TD with an odd interior. Semi-beater examples such as this used to be $10k cars not that long ago, so I suppose this is the new level. That said, much nicer ones can be had for not much more money. Well sold. #715- 1954 MG TF-1250 roadster. S/N 7309. Dark red/tan canvas/brown vinyl. Odo: 47,532 miles. Very good paint shows a few small chips. Nice panel fit and chrome, outside rearview mirror shows some pitting. Very good interior, with slightly soiled seats and excellent restored gauges. Cond: 2-. SOLD AT $35,100. A nicely presented example of the most usable of the T-series midgets. A Sports Car Market

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Bonhams & Butterfields Brookline, MA Column Author strong price, but a very good car inside and out. Well bought and sold. #712a- 1956 MG A roadster. S/N HDK4836377. Red/black vinyl/black leather. Odo: 7,621 miles. Good panel fit, hood raised at front end. Shiny paint shows some shrinkage, subsurface sanding marks, and touchedup chips. Good chrome has some fading on top of grille, hood vents pitted. Clean interior, and break in the finish on tail. Clean cockpit and engine, appears ready to race. Cond: 2-. SOLD AT $117,000. Ex-Dickie Stoop. An ex-RAF privateer racer, Stoop had some very good results in F2 racing with this car. A new chassis was built for it in 1989 by Sid Hoole in the U.K., and the original accompanied the car at the sale. A most usable and driver-friendly open wheel racer with a very good pedigree. It was appropriately priced and well bought and sold. #700- 1976 TRIUMPH SPITFIRE con- vertible. S/N FM73116. Dark metallic green/ tan vinyl/black & white cloth & vinyl. Odo: 75,710 miles. Good panel fit, casual older repaint somewhat dull, spotty, and showing many imperfections. Original red paint visible at many seams. Bumper chrome faded, top soiled. Seats decent, left door panel loose, dash wood dry seats show some minor cracking. Cond: 3-. SOLD AT $16,965. An older restoration to driver standard. While it was still good looking, it was just starting to appear tatty. Appropriately priced for a fun car to just drive and use, but the new owner should think long and hard before putting a lot of money into it. #706- 1958 AUSTIN-HEALEY 100-6 roadster. S/N BN4LS49611. Florida Green & ivory/tan canvas/ivory & mint leather. Odo: 42,681 miles. Decent panel fit, right door slightly misaligned. Good paint shows a few prep issues and some orange peel. Very nice chrome has no dings or marks, interior clean dry and cracking. Home stereo speakers laying on rear shelf. Cond: 4-. SOLD AT $3,000. A tired, honest Spitfire. It needed everything, but it was nice to know that open sports cars are still out there at this price level. The new owner should flog it until it stops and not look back. The high bid was perhaps $500 light, so consider this well bought. FRENCH TOP 10 No. 1 and well fitted. Cond: 3+. NOT SOLD AT $30,000. This four-seater was not finished in the most butch colors, but it was still strangely appealing in a period way. Sold in November 2005 at the Kensington Motor Group sale in Uncasville, CT for $26,400 (SCM# 39735). Driven 38 miles since, it failed at $30k. I believe the market has spoken here. #716- 1958 COOPER-CLIMAX TYPE 45 Formula 1 racer. S/N F21158. Black & ivory/ black vinyl. Very good paint, with a small dent 120 Sports Car Market #727- 1926 BUGATTI TYPE 39A racer. S/N 4802. Eng. # 76. French Blue/brown leather. RHD. Very good paint shows little evidence of wear. Excellent bright trim throughout, engine compartment clean and correct. Well-finished cockpit shows minor wear to seat divider. Cond: 2+. SOLD AT $1,175,000. One of ten built. Former Bugatti works racer, driven by Meo Costantini to two Grand Prix seconds and one third place finish in 1926. Frame replaced at the factory in the late 1920s. Actively vintage raced and rallied, and superbly presented here. Hammered down unsold at $1.05M during the sale, but a deal was struck in the hours following. A lot of money for a lot of car. See the full profile on page 58. GERMAN #738- 1969 MERCEDES-BENZ 280SE convertible. S/N 11102512002325. White/navy canvas/navy leather. Odo: 61,767 miles. Decent panel fit, trunk lid slightly off. Excellent paint has a small chip on the right rear wheelarch lip. Chrome shows some light scratching on front bumper and a few small dings in rear bumper. Some delamination on lower sides of windshield. Very good interior. Kuhlmeister a/c. Cond: 2-. NOT SOLD AT $59,000. A very well done 6-cylinder Benz convertible. The V8s bring the real money, so it’s rare to see a six done to this level. The sixes are more than half the car of the eights, but bring only half the money. This car was certainly worth the low estimate, so the seller was correct to hold on to it. #736- 1986 MERCEDES-BENZ 500K Replica roadster. S/N MA21315. Biscayne Blue/tan canvas/dark blue leather. Odo: 1,053 miles. 400-ci V8, 4-bbl, auto. Excellent panel fit, very good paint has a few small chips. Chrome shows wear on tops of headlights, still shiny elsewhere. Very good interior with “olde tyme” gauges, Alpine cassette stereo, and a/c. Cond: 2. SOLD AT $46,800. Built by The Classic Factory of Pomona, CA, in 1986, based on the chassis of a 1970 Ford LTD. Engine and transmission sourced from a ’69

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Bonhams & Butterfields Brookline, MA Cougar. Plaque on side of hood reads “This design of the classic factory M-B 500K led the judges of the 1934 Auto Show to proclaim this model ‘The most beautiful car in the world.’” I wonder what those judges would have thought of this one. Generously sold. ITALIAN #709-1963 ALFA ROMEO GIULIETTA Sprint Speciale coupe. S/N AR1012000393. Red/black vinyl. Odo: 29,063 miles. Left door out at rear bottom and trunk lid slightly off. Some evidence of bodywork visible in left sill behind door. Shiny paint shrinking around greenhouse. Large touched-up chip visible on left door, dent on right front fender near headlight should be an easy fix. Chrome pitting and fading on window surrounds. Very good grille, bumpers removed. Interior fitted with Duetto seats, roll bar, and Nardi wood wheel. Threeinch diameter hole cut in the headliner, bright metal plate inserted in the roof. Cond: 4. SOLD AT $31,590. Last seen at Worldwide’s Hilton Head sale in November ’06, where it sold for $22,000 (SCM# 43663). Values for original Sprint Speciales have been steadily rising, bringing along with them the prices for cars such as this. Halfway converted into a racer, it needs lots to either become a track car or a well restored street car, and as it was here, it was neither. Well sold. AMERICAN #724-1899 LOCOMOBILE SPINDLE SEAT runabout. Dark red & yel low/black leather. Excellent paint, some staining on springs and left rear wheel. Well-fitted seat. Cond: 1-. SOLD AT $45,630. A simple and basic early steamer, with a newly pressure-tested but not yet certified boiler. Nicely restored and ready for a brisk Brighton run. Well bought. #752-1906 CADILLAC MODEL K Tulip touring. S/N 2496. Carmine Red, red, & black/black canvas/red leather. RHD. Excellent panel fit, older paint shows typical stress cracks on body and a few touched-up chips. Freshly painted chassis looks great. Brass lamps have a nice patina. Very old seats show much wear and several splits. Nice white rubber tires and spoke wheels. Fitted with electric starter and generator. Cond: 4+. SOLD AT $58,500. The “Tulip” or “Roi des Belges” body is in my opin- July 2007 121

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Bonhams & Butterfields Brookline, MA Column Author ion the most attractive fitted to early Cadillacs. The seller stated the car was largely original, which is hard to prove, but it was wonderfully characterful either way. Well bought, as it could have easily brought another $5k and still been a good deal. #741- 1912 PIERCE-ARROW MODEL 48 4-dr touring car. S/N 9491. Maroon/ beige canvas/black leather. Odo: 6,494 miles. Decent paint shows a few touched-up chips and stress cracks. Very good panel fit. Shiny brass trim has a few small dings in owners from new, this Packard was certainly much better than most film cars. Simple, elegant, and very understated in two-tone gray, it attracted a great deal of attention during the preview. The mid-estimate price was correct, as it didn’t get much of a bounce from the film provenance. #726- 1926 ROLLS-ROYCE SILVER sidelamps. Interior leather shows a nice patina, chips visible on rear folding seat frames. Nice wood dash and Warner speedometer. Cond: 2-. SOLD AT $392,000. A spectacular big PierceArrow tourer. Very well restored and clearly used, as it should be. Worth every penny paid. Well bought. #718- 1915 SIMPLEX CRANE MODEL 5 Sport Berline 4-dr sedan. S/N 2168. Dark green & black/black leather & velour. Odo: 21,740 miles. Very good older paint shows some stress cracks and touch-ups. Excellent panel fit, unmarked bright trim. Rubber tread of running boards shows some loss of ribbing. Clean except for some fading on right side of radiator shell. Superb interior. Restored 2005, toured 2006. Cond: 1-. SOLD AT $160,000. Stunning and unusual color was a factory-correct offering. Restored to a very high level and then driven. Based on its presentation, this car could have gone higher... but the color was very much a personal preference. Well bought. #751- 1929 FRANKLIN MODEL 137 interior has faded carpets in rear compartment and worn paint on steering wheel. Equipped with divider window. Cond: 3-. SOLD AT $150,000. The Simplex-Crane was arguably the finest big early car in the U.S. This one had a great look, and the high-quality restoration was mellowing nicely. Well bought and sold. #722- 1924 PACKARD SINGLE EIGHT Sports roadster. S/N 207502A. Eng. # 207537J. Two-tone gray/black canvas/black leather. Odo: 62,030 miles. Very good panel fit. Older paint shows some bubbling, a split on the lower right side panel, and chipped top bows. Nickel trim needs a good polish. Seat shows a nice patina, wood on steering wheel slightly worn. Restored approximately ten years ago. Cond: 3+. SOLD AT $46,800. Featured in the movie “The Great Gatsby,” and with only three 122 Series 13 Sport Touring convertible. S/N 37189744LI. Burgundy/tan canvas/brown leather. Odo: 3 miles. Coachwork by Walker Body Co. Very good panel fit, nice paint shows microblistering, a few light scratches, and light polish swirl marks. Very good chrome, windshield base has some delamination. Clean interior with rather casually fitted upholstery. GHOST Springfield Tilbury 4-dr sedan. S/N S360RL. Eng. # 22605. Salmon & black/black leather/beige cord. Odo: 72,395 miles. Coachwork by Rolls-Royce Custom Coachworks. Excellent panel fit, well-applied paint has one small chip on body and several chips in luggage rack. Very good bright trim, Cond: 3+. SOLD AT $133,500. A very attractive dual-cowl tourer in good colors. Not done to the highest level, but a good looking and well presented touring car. This was a huge price considering this car’s paint and interior condition. All the money and more. #713- 1932 LINCOLN MODEL KA con- vertible. S/N 71191. Burgundy & silver/tan canvas/red leather. Odo: 1,302 miles. Good panel fit, left door slightly out at rear edge. Good older paint shows a few stress cracks, shrinkage, and small chips here and there. Very good chrome and brightwork, top somewhat soiled. Well-fitted interior nicely broken in, with lovely burl grain paint to dash. Won Best Open Car 1931-1932 at the 1999 Greenwich Concours. Cond: 3. SOLD AT $117,000. A nicely mellowed older restoration. This KA was ready for touring, and with its several noted issues, the new owner should not be afraid to use it. It’s a shame that the market discounts these Lincolns compared to their competition, as they are really quite nice. Well bought. #746- 1940 PACKARD SUPER-8 One- Sixty 4-dr sedan. S/N D5205781714722949. Navy Blue/navy wool. Odo: 88,304 miles. Excellent panel fit, very good paint shows light polish swirl marks. Fair to good chrome, with much pitting on pot metal pieces. Some perished window rubber. Well done interior has suffered major moth damage. Excellent dashboard, steering wheel cracked. Equipped with divider window and windshield shade. Cond: 3-. SOLD AT $23,400. Lots was spent to paint and trim this car, but it appeared as if poor attention to detail and bad storage had let it down. The seller was correct to let it go so far under the low estimate of $40,000. The new owner has some work to do, but it was still well bought. #719- 1947 MERCURY 79M Woody wagon. S/N 27949. Black/red leather. Odo: 78,470 miles. Decent panel fit, tailgate slightly Sports Car Market

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Bonhams & Butterfields Brookline, MA high on left side. Good paint shows some polish swirl marks and a few small scratches. Very good wood with no water staining. Fair to good chrome, with faded bumpers and pitting on grille. Interior original, with a few varnish chips and scratches on door wood, fading on dash speaker grille plastic, and pitting on bright trim. Cond: 3-. SOLD AT $122,500. A handsome and honest Woody that was never restored. Instead, it was refurbished and maintained throughout its life, and it was a pleasure to see one that wasn’t totally done over the top. A great beach car ready for a summer’s fun, but the price seemed a bit strong for its condition. Perhaps the bidders appreciated its originality. #712-1949 HILLEGASS SPRINT CAR racer. Eng. # P14490. Yellow & Navy Blue/ brown leather. 265-ci V8, 4-bbl, 3-sp. Very good paint, clean chassis and suspension. Asnew seat, some pitting and corrosion on steering wheel spokes. One of three made in 1949. Originally Ford powered, now with Studebaker engine installed in 1959. Restored as vintage dirt tracker. Cond: 2. SOLD AT $30,420. Ex-Tom Concannon, raced by him from 1949 until 1959. Sold by an SCMer who’s an active vintage racer. Built by Hiram Hillegass, who was the leading maker of midgets and sprints in the U.S. from 1919 until the late ’50s. Very well prepared and turned out, and with an increasing number of vintage events for cars such as this, it was a good buy at this price. #705-1950 WILLYS JEEPSTER Model 6-73 convertible. S/N 11742. Yellow & black/ black canvas/black vinyl. Odo: 64,280 miles. 148-ci straight 6, 1-bbl, 3-sp. Good paint shows plenty of orange peel, especially on windshield surround. Factory panel fit, body straight. Decent chrome shows pitting and corrosion on rear fender steps. Clean interior has some restitching on right front seat back seams and chipped welting. Faded steering wheel also chipped. Cond: 3-. SOLD AT $20,475. Jeepsters are generally more fun to own than to drive, but the 6-cylinder can at least get out of its own way. These make great vacation house runabouts with their unique styling and a top that goes down. An OK car, and the price was right. #732-1953 PACKARD CARIBBEAN convertible. S/N L411551. Polaris Blue/dark blue canvas/dark blue & cream leather. Odo: 57,235 miles. 327-ci straight 8, 4-bbl, auto. Right door sits high at rear edge, very good paint shows some stress cracking at hood scoop July 2007 123

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Bonhams & Butterfields Brookline, MA Column Author ’50s Imperials have all the style of the later ones without the over-the-top details, and I especially love the giant egg-crate grille. This price was strong, but if the mileage and originality can be proven, it was not a bad buy. #750- 1956 FORD F100 pickup. S/N center support and some polish swirl marks. Nice chrome has a bit of waviness under plating in spots. Clean interior has a scratch on the left door panel from the window crank. Soft top slightly tight and is pulling up at the rear seam. Power antenna. Cond: 2-. SOLD AT $111,150. Last seen at Mecum’s Arlington Heights sale in November ’97, where it sold at $28,350 (SCM# 4337). A subtle and elegant Caribbean in superb colors. While the final series are testaments to ’50s extravagance, these earlier cars are much better related to the great classic Packards. Not done to the highest standard, but it would make a stunning driver. Priced right. #742- 1953 LINCOLN CAPRI convert- ible. S/N 53WA32908H. Dark green/black canvas/two-tone green leather. Odo: 40,262 miles. 317-ci V8, 4-bbl, auto. Very good panel fit. Thick, older paint has microblistering, a few touched-up chips, and primer overspray on antenna base. Corrosion bubbling on left door bottom, sills wavy. Fair to good chrome with pitting on headlight trim and light scratches on the front bumper. Aged interior has some light pitting on bright trim. Power windows, period Continental kit. Restored 2002. Cond: 3+. SOLD AT $47,970. A very nice driver ’Bird, with a rather ungainly aftermarket Continental kit. Well sold and well bought at near its top estimate of $48,000. #748- 1955 CHRYSLER IMPERIAL 4-dr bumpers. Delamination in vent window glass. Well-fitted interior has a separating seam on left door panel. Cond: 4+. SOLD AT $30,713. The convertible “hot rod Lincoln.” The model made its name in the Carrera Panamericana, which has been forgotten by most today. The older refurbishment needed much, but it was honest. A strong price considering the condition. Well sold. #728- 1954 BUICK ROADMASTER con- vertible. S/N 7A1177070. Red/white vinyl/red & white leather. Odo: 2,316 miles. 322-ci V8, 4bbl, auto. Very good panel fit, right door slightly out at bottom rear. Excellent paint and chrome show no dings, dents, or scratches. Excellent chrome wire wheels and wide whitewall tires. Very good interior has minor soiling on white sections of front seat and armrests. Restored six years ago. Cond: 1-. NOT SOLD AT $65,000. Last seen at Kruse Auburn in September ’92, 124 sedan. S/N C557027. Black/beige cloth. Odo: 36,089 miles. 331-ci V8, 4-bbl, auto. Thick paint shows minor orange peel on some panels. Consistent panel fit shows no alignment issues. Good chrome has light pitting, scratches, and a small ding in right rear fender trim. Very good interior, except for worn original A-pillar where it sold at $46,000 (SCM# 4290). A spectacular Roadmaster done to a standard normally seen only on the rarer and more valuable Skylark. Quite stunning as presented, and even though it was certainly worth more than the high bid, getting more money might be tough. The $100k range is Skylark territory. #737A- 1955 FORD THUNDERBIRD convertible. S/N PSF100797. Turquoise/black canvas/turquoise & white vinyl. 292-ci V8, 4-bbl, auto. Nice panel fit, well-applied paint shows a few small stress cracks. Good chrome has some light pitting and several scratches on F10V6M10285. Red/dark blue cloth. Odo: 23,057 miles. 302-ci V8, 4-bbl, 4-sp. Slightly thick paint, variable panel fit probably as per factory. Fair to good chrome, with grungy unrestored badges. Windshield chipped, other glass nice. Good interior has accessory gauge pack under dash, billet steering wheel, and a Hurst shifter. 15-inch chrome reverse wheels on Firestone radial tires. Cond: 3-. NOT SOLD AT $20,000. A semi-custom F100 clearly done for driving, not show. Given the level of the work and its potential use, it could have been sold at the high bid with no regrets. #714- 1956 LINCOLN CONTINENTAL Mk II coupe. S/N C56A1784. Black/red & beige leather. Odo: 11,985 miles. 368-ci V8, 4bbl, auto. Excellent panel fit, good paint shows some microblistering and ripples on side panels below character line. Chrome nice, glass shows delamination in right vent window. Good interior, with some paint touch-up on driver’s side seat upholstery button. Steering wheel cracked, window control button panel pitted. Equipped with factory a/c. Cond: 3-. SOLD AT $64,350. The Mk II has never gotten the market respect it deserves, and consequently, we’ve not seen great cars at auction. This one was a nice one, but it was not the best, so this price has to be considered on the high side. This could be an indication that they’re finally moving up. #721- 1957 CHEVROLET BEL AIR cording on left door and small moth holes in headliner. Color changed from original brown. Mileage believed to be original. Cond: 3-. SOLD AT $40,950. For my money, the mid- convertible. S/N VC57B224958. Larkspur Blue/white vinyl/two-tone blue vinyl. Odo: 1,379 miles. 283-ci V8, 2x4-bbl, 3-sp. Excellent paint, very good panel fit. Nice chrome shows some pitting on window trim and some light scratches on several trim pieces. Some delamination on left rear and left vent windows, other Sports Car Market

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Bonhams & Butterfields Brookline, MA Column Author circuit experience worked against it, as vintage hillclimbing is a rather limited pursuit. Worth more than the high bid. #720- 1959 CHEVROLET CORVETTE glass OK. Very good interior with modern repro cassette player. Equipped with power windows, dual antennae, auto dim headlights, and fender skirts. Cond: 2-. NOT SOLD AT $65,000. A nicely equipped Bel Air convertible with a good restoration that was lacking in the little details, but it wouldn’t be difficult to make it much better. This probably wasn’t the right crowd for this car, but even so, it’s only the best of these cars that are able to get top dollar. #734- 1957 CADILLAC SERIES 62 con- vertible. S/N 5762036671. White/black vinyl/ burgundy leather. Odo: 70,480 miles. 365-ci V8, 2x4-bbl, auto. Very good panel fit and paint. Chrome is fair to good, with pitting ranging from light to heavy. Grille dirty. Clean interior is just passing patina on the way to worn, but convertible. S/N J59S100667. Regal Turquoise & white coves/white vinyl/blue vinyl. Odo: 23,845 miles. 283-ci 230-hp V8, 4-bbl, 4-sp. Variable panel fit, as per factory. Very good paint shows a few minor prep issues. Decent chrome has some fading on window trim and light pitting on door handles. Interior clean and soon changed my mind, but now their style is actually growing on me again. This was just a plain-Jane with the base 318, so it was not a part of the muscle car craze. The seller left a stack of great rock CDs in the glovebox, so I suppose the price was fair. #747- 1967 CHEVROLET CAMARO well fitted, factory tach nice. Cond: 2-. NOT SOLD AT $47,500. A very nice early Corvette in attractive colors. Not a show queen, but well presented nonetheless. This bid seemed light by a bit, but in this condition, obtaining the low estimate of $60k would have been a bit of a stretch. #731- 1963 CHEVROLET CORVETTE coupe. S/N 30837S101668. Black/black vinyl. Odo: 32,923 miles. 327-ci 360-hp fuel-injected V8, 4-sp. Decent panel fit, right door fits wide at the top in the roof cutout at B-pillar. Good paint shows some subsurface prep issues on front fenders near doors and small stress cracks at the headlight door corners. Nice chrome, very good interior, equipped with power windows. looks as great as an old baseball glove. Power windows. Cond: 3-. SOLD AT $40,950. For my taste, the ’57 Cadillacs strike just the right balance between elegance and flamboyance. This was a nice car, and it has to be counted as a bit of a bargain at this price. #739- 1958 BRAZIER SPECIAL Champ Car racer. Purple/black leather. 283-ci Chevrolet V8, 3x2-bbl, 3-sp. Very good paint shows nice lettering and decals, chassis and cockpit both clean. Engine compartment spotless. AACA National 1st place winner in Cond: 3+. NOT SOLD AT $78,000. Last seen at Worldwide’s Raleigh sale in December ’05, where it sold for $76,650 (SCM# 40014). This injected split-window coupe in black was pretty desirable as far as Corvettes go, but once again, the car has to be done superbly in order to get top dollar. This one was just nice, and the high bid could have been taken with no regrets. #703- 1967 DODGE CHARGER 2-dr 1998. Current VSCCA logbook. Cond: 2. NOT SOLD AT $24,000. Built as a Pikes Peak racer, and run up the mountain a number of times in the ’60s. Later a museum exhibit, then restored for vintage racing. Very well prepared and presented by an SCMer. Perhaps its lack of 126 hard top. S/N XP29F72148798. Dark blue/ dark blue vinyl. Odo: 48,510 miles. 318-ci V8, 2-bbl, auto. Very good panel fit, paint somewhat splotchy and dull. Fair chrome shows scratches and some pitting. Wavy door sills in need of attention. Good interior has large aftermarket speakers in rear deck and a Panasonic remote CD changer. Freshly painted engine highlights dirty compartment. Missing data plate. Cond: 4-. SOLD AT $8,775. As a teenager, I thought these big, square Chargers were very cool. I panels and armrests, original door sill plates are scratched. Engine compartment clean, but not detailed. Cond: 2-. NOT SOLD AT $37,500. A good looking mid-year 442 drop top in great colors. Not the more desirable later W30, but a potent ride nonetheless. For an automatic, the high bid was not far off—perhaps $40k might have been possible, but any more would have been a dream.u Sports Car Market convertible. S/N 124677N108584. Red/white vinyl/white & black vinyl. Odo: 1,508 miles. 327-ci V8, 4-bbl, auto. Hood and trunk fit well, both doors out at rear bottom. Shiny paint shows some drips in spots. Good chrome has some fading and light scratches. Interior is somewhat soiled, with original door sill plates scratched. Woodrim aftermarket steering wheel. Stated original engine with added aluminum heads, Edelbrock manifold, and 4-bbl carb. Factory a/c and Rally wheels. Cond: 3+. NOT SOLD AT $27,500. The 327/275 L30 package on a red convertible should have made this a fairly desirable car. However, the restoration was to a middling driver standard, and this was just the wrong crowd for a drop top driver-quality pony car. #729- 1969 OLDSMOBILE 442 convert- ible. S/N 344679M431906. Blue & white/white vinyl/white vinyl. Odo: 7,397 miles. 400-ci V8, 4-bbl, auto. Decent GM-standard panel fit. Paint slightly ripply on doors, generally nice elsewhere. Shiny chrome not pitted or crazed. Very good interior has somewhat soiled door

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eBay Motors Online Sales Column Author Internet Racers If you could make it stop, the V8 Nash Metropolitan would make a tempting Woodward Dream cruiser. Wheelies, anyone? Report by Geoff Archer Market opinions in italics W hether it’s straight-line speed or corner carving performance you desire, this month’s collection of racers should have what you’re looking for. Just don’t forget your helmet. Condition inferred from seller’s descriptions; cars were not physically examined by the author quoted material taken from the eBay listings. sf=seller’s feedback; bf=buyer’s feedback #-1952 MG TD roadster. S/N TD1553. Two-tone blue/brown leather. 260039900886 36 photos. Bethel, CT. Cycle-fendered VSCCA racer with logbooks. “Last raced...Lime Rock, Shannonville, Ont, Pittsburgh Grand Prix...1996. Sitting since.” No rust or rot. Comes with most original parts including decrepit interior. “Runs, low on one cylinder.” Needs everything. 22 bids, the Woodward Dream Cruise. I figure one could slosh the brake fluid forward (if we trust this diagnosis) with the momentum gained by coming down from a wheelie... it would have been worth trying at this price. #-1962 AUSTIN-HEALEY 3000 roadster. sf 159, bf 1066. Cond: 4+. SOLD AT $8,500. This car did not appreciate ten cents in ten of the eleven years it’s been sitting. Perhaps nudged by the high-dollar Bugeye trailer-queen sales, TDs have finally started to gain in value recently, if only slightly. For now this was fair money, but that doesn’t mean a track or street restoration will be at all profitable for the new owner. #-1960 NASH METROPOLITAN Pro Street coupe. S/N E75530. Peach/gray cloth. 110043496201 24 photos. Rogersville, TN. Weighs 1,600 lbs. “Nothing radical under the hood. 350 V8 with a mild cam, aluminum intake manifold and a Holley 650.” Almost no rust, “average” paint, hobbyist interior. Automatic trans shifts poorly. “The master cylinder is angled to SOLD AT $2,995. Seller wraps this up as “a real project.” Even so, solid Healey 3000s aren’t getting any cheaper. Though the muscular flares probably scared off strict restorers, the period look (ironically exemplified by Sebring 3000 kit cars in the ’80s) just begs for a resto-mod-rodShelbyfication. With that in mind, I say this was very well bought. #-1965 JAGUAR XKE GT2 racer. Black/ high and all the brake fluid runs to the back, so front brakes is only working and they ain’t that good.” 18 bids, sf 459, bf private. SOLD AT $4,488. I have never been so tempted to attend 128 black. 200056287293 13 photos. Sioux Falls, SD. Full-race car from SCCA GT2, “MIDWEST AREA REGIONAL POINTS CHAMP LAST YEAR.” No engine or trans. “NEW SEAT BELT AND FUEL CELL LAST YEARFIBERGLASS BONNET, DOORS AND BACK HATCH-DRY SUMP-ALUMINUM RADIATOR-MONSTER BRAKES-CRANK S/N HBJ7L19646. Yelloow & black primer/ black. 260065461971 9 photos. Aptos, CA. BJ7 hopped up with steel flares and five-slot mags. No drivetrain, straight frame, only rust is in battery box. “WYSIWYG: What You See Is What You GET” (a computer geek term from Silicon Valley). This includes a 9-inch Ford rear (w/drums), a “well built” roll bar, and “a Really Ugly Hardtop.” 5 bids, sf 855, bf 0. Cond: 4. FIRE IGNITION-ALUMINUM WHEELS-OIL ACCULATOR-FIRE EXT. SYS-COMPUTER WITH GPS-PLASTIC WINDOWS-CURRENT SCCA LOGS.” 7 bids, sf 139, bf 240. Cond: 3. SOLD AT $10,600. A similar car drove under a Mexican cow on the 1997 Panama–Alaska Rally. As long as this car is a BYO drivetrain, I think long-distance rallying with a small block V8 might be an expeditious repurposing. This was a bargain, regardless of venue (SCCA, HSR, etc..), and it will remain so as long as it remains an active race car. #-2004 NOBLE M12 coupe. S/N NU50011KY. Burgundy/black leather. Odo: 1,100 miles. 270041108486 8 photos. Hamilton, OH. 430+ RWHP. Advertised as a race car, with T28 Garrett turbo, quick release steering wheel, two sets of wheels and tires, “Track Sump, Noble Oil Gauge, LSD, Ohlins LMJ Double Adjustment Shocks, SPA 5-lb mechanical Fire Suppression System, Stainless Steel Brake Lines, Carbon Gauge Panel, M400 Oil Cooler, Blow Off Valve, Larger Intercooler, Magnet Marelli ECU, and Jet Coated Exhaust” 1 bid, sf 6, bf 710. Cond: 2. SOLD AT $50,000. Harddriving track time seems to have discounted this Noble 20%–30% compared to a garage queen. The same thing happens to Ferrari Challenge cars. Either boy-racer supercars really do get decimated in a hurry, or the market is just chicken. For this price, it might be worth betting on the latter. #-1968 BSH SPORTS RACER coupe. Red/. 4607978829 3 photos. Waltham, MA. Complete and running French sports racer was “purchased from the Museum of Transportation in Brookline, MA, about 15 years ago and has been in dry storage ever since. Though its racing history is not documented, it is rumored to have run at Le Mans. There appear to be sponsor and driver’s ID on the car to help in tracing its history.” High performance Renault Alpine drivetrain. 4 bids, sf 93, bf 214. Cond: 3-. SOLD AT $10,780. Though the description was vague and the listing very low on information, a 13-minute DVD was made available, but only to active bidders. At half the price of a comparable Sports Car Market

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Fresh Meat Online sales of recent production cars. 2007 Chevrolet Corvette Z33 Ron Fellows Edition Alpine A110 or Matra D’Jet, this was either a badly described bargain or a five-figure gamble on a possible Le Mans-running oddball. Several months after the sale, only the buyer really knows what fruit his research has provided. #- 1968 BMW 1600 2 dr sedan. White/white vinyl. 110076476834 14 photos. Lakeport, CA. Converted to a BMW race car in the 1990s. Has plates and title. “It was moved into my garage in 2001 with the intent of upgrading it to be a little more fun on the track and is now a classic basket case.” Lots of goodies and go-fast parts... but “wasps have made the SCCA runoffs 15-plus times. “Obviously a candidate for SCCA drift or even rallying, this car is Vintage Group 8 legal!” Extensive spares, SCCA logbook, full cage. Repainted roller with no engine. 3 bids, sf 113, bf 118. Cond: 4+. SOLD AT $1,626. I sold this car for my cousin, and the first time around we got over 6,000 page views and met one of the original mechanics. The second time around, somebody actually won the auction. We thought it was a raging bargain, but apparently even a storied 710 won’t touch BRE 510 bucks. #- 1963 FORD GALAXIE NASCAR Replica 2-dr hard top. White/turquoise vinyl. 220069770415. Replica of Fred Lorenzen’s Special NASCAR Galaxie traded in at Emory’s Porsche 356 racing shop. “It has a slightly built 390 CI engine with a 3 speed on been making nests in every available orifice of the carbs and engine... Tires are hard as rock. Brakes need to be gone through. Yup. It’s a basket case.” 28 bids, sf 15, bf 190. Cond: 3-. SOLD AT $7,700. Came with a free open trailer, but it still seemed like strong money to me. It’s not like 2002s are hard to find (especially in California), and it can often be more work redoing someone else’s project than just starting from the beginning. #- 1970 PORSCHE 914/6 targa. S/N N/A. Tangerine/black vinyl. 330091795277 1 photo. Woodstock, GA. “Works racer with factory documentation. Car was raced by Peter Gregg.” Although pictured in red/silver, seller states that, “the car is in its original tangerine race color and comes with additional body work. This car is Fast, Wide, Has removable windshield, fully adjustable Date sold: 03/20/2007 eBay auction ID: 190092490762 Seller: Village Chevrolet, Wayzata, MN, www. villagechev.com Sale Type: Bidding on premium above MSRP, delivery late April Details: Arctic White w/red stripes, red leather. 7-L V8. 1 of 399 Sale result: $10,100, 8 bids, sf 30, bf 74. MSRP: $79,895 Other current offering: City Chevrolet, Charlotte, NC, www.citychevrolet.com, asking $94,945 for identical car. 2007 Ford Shelby GT the floor. It has a gutted interior and a roll bar. It is very clean and well maintained. It is an attention magnet.” 13 bids, sf 1520, bf 19. Cond: 2. SOLD AT $9,350. Get thee to Goodwood. Get on down to Talladega. Very attractive price on a great looking ride that might not be too far from vintage stock car or British saloon car raceable. #- 1970 CHEVROLET CHEVELLE coupe. Burgundy/black vinyl. 330059914595 24 photos. Merrick, NY. “Was a race car . Has all Lexon windows,” two-piece fiberglass nose, “fiberglass doors . Car was a Big Block , TH 400 car . Has a 10 bolt in it now, with dual air bags , Dual Battery .... Full tin interior , race seat with belts, net , Front factory disc brakes , Skinny’s in front with Weld wheels , rear are M/T Slicks on Centerlines.” Mini-tubbed, full cage, fuel cell. Solid frame, minor rust in the suspension.” No further details to be found. Atlanta phone number listed. 1 bid, sf 102, bf 0. Cond: 2. SOLD AT $295,000. It’s interesting that the transaction actually seemed to have occured on eBay, as the phone number, sparse verbiage, one picture, and zero feedback buyer all suggest that most of the talking was, well, talking—not clicking. A fair deal at this price. #- 1974 DATSUN 710 coupe. White & blue/white. RHD. 160097555985 13 photos. Wayne, PA. U.S. LHD model converted to RHD race car when new. Reported to have July 2007 Date sold: 04/26/2007 eBay auction ID: 140111521946 Seller: Holmes Tuttle Ford Lincoln Mercury, Tucson, AZ, www.htford.com Sale Type: New in stock Details: Black w/ silver stripes, black leather. 4.6-L V8, 319 hp, production #313 Sale result: $38,374, 9 bids, sf 56, bf 55. MSRP: $36,907 Other current offering: Ben Satcher Motors, Lexington, SC, www.bensatcherford.com, asking $50,000 for white car. 2007 Lotus Exige “S” passenger side floor. No drivetrain. 3 bids, sf 148, bf 49. Cond: 4+. SOLD AT $1,700. Add crate motor, lose your license. Though rough, this dragstrip project car should have brought two or three times as much, considering the fun it could once again be. u Date sold: 04/30/2007 eBay auction ID: 290108860501 Seller: Private seller in Salt Lake City, UT Sale Type: Used, 1,850 miles Details: Silver metallic with performance, touring packages, dry sump Sale result: $59,000, 4 bids, sf 177, bf 133 MSRP: $64,245 Other current offering: The Collection, Coral Gables, FL, www.thecollection.com, is asking $68,035 for a stock silver car. u 129

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Automotive Investor Collector Cars, a Thesis Study The premise was simple: If you had a lump of money to invest in 1981, where would it have best been spent—in cars, or in more tradtional assets? I n 2005, SCM was contacted by Ben Monroe, an economics and finance graduate student at the University of Wyoming. He told us he was about to begin work on his Masters thesis, which was to investigate and analyze collector cars as investments with respect to more traditional investments over a given time span. He wanted to tap into our 40,000-car database of auction results. We said sure, and that was the last we heard of it, until late April, when his thesis advisor, Associate Professor Robert Godby, sent us a note. Thank you very much for contributing to the education and success of one of my students. It is people like you and those at your magazine that make my job fun and contribute to our Masters and PhD students’ success. Please thank Publisher Martin for me also. As I recall he was involved in the decision to allow Ben to use the data. I enjoy your magazine and have been a Gold subscriber for a few years now and look forward to every issue. Monroe called the project “A Study into Vintage Automobiles as Alternative Investment Vehicles versus Traditional Assets: Trends and Comparisons. He divided it into two distinct components. The first considered investment potential in the collector car market, and is the focus of this month’s “Automotive Investor” section. Monroe modeled it after wine returns in secondary markets, major studies of which have been completed by another Wyoming economist, Lee Sanning. The premise was simple: If you had a lump of money to invest in 1981, where would that money have best been spent over the ensuing 25 years—in a portfolio of cars or in more traditional investments? The second part of the thesis dealt with hedonic regression, which attempts to predict the value of an asset by looking at its individual characteristics. With respect to, say, a Ford Mustang, such influencing characteristics might include whether it is a GT or Boss model, its mileage, desirable options, whether it is a condition #1 or #3-, etc. Though often used successfully when valuing real estate, the subjective nature or “red mist” of the auction tent meant that hedonics as applied to vintage cars was a less successful measure of worth. After 13 months of academic toil, Monroe’s effort led to a successful defense on July Eight-Car Portfolio $250k $200k $150k 1967 Corvette Convertible 1963 Corvette Split-Window Coupe 1970 Hemi Challenger 2-dr Hardtop 1970 Challenger 2-dr Hardtop 1967 Camaro Z/28 1967 Camaro RS Convertible 1967–70 Mustang Boss 429 1969 Mustang Hardtop $600k $500k $400k $300k $100k $200k $50k $100k Residential Housing T-Bills REIT NASDAQ SP500 DJIA Six-Car Portfolio Eight-Car Portfolio 28, 2006. Five days later he drove to New York to find a job and has since landed at ABN Amro N.V., an investment bank in Manhattan, where he works as a consultant doing financial analysis. As a lifelong gearhead, he says his favorite sound is that of a Porsche flat-6 on cam, and he now dreams of autocrossing Central Park Drive. Below is a selection of text and data from Monroe’s thesis, as well as continued efforts by Godby and Sanning as they shape the data for future academic publication. (The entire thesis and its appendices run more than 100 pages, and can be viewed in pdf format in its entirety at www.sportscarmarket.com/thesis.) Premise Imagine a collector who purchased eight driver-con- dition cars for his collection in 1981: a plain 1969 Ford Mustang hardtop coupe and a 1969 Boss 429, which would have been worth $2,000 and $6,300 respectively. Also include a 1967 Camaro RS convertible worth $3,375 and a ’67 Z/28 worth $3,300. Add to this a base 1970 Challenger worth $2,175 and the same car with a Hemi, which would have cost this collector $4,425. Finally, add a 1963 Corvette Split-Window coupe, which would have cost $12,100, and a base 1967 Corvette convertible worth $7,400. The resulting value of this hypothetical garage circa 1981 would have been $41,075. To avoid any confusion caused by the effect of the very high appreciation of Hemi-powered vehicles in the past few years, also consider a portfolio that excludes the cars Investment Analysis 1981 130 1986 1991 1996 2001 2006 1981 1986 1991 1996 2001 2006 Sports Car Market

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Average annual returns over 25-year period and by decade 1980s 8-car portfolio in good condition 6-car portfolio (excludes Mustang and Hemi) Dow Jones Industrial Average Index (DJIA) S&P 500 Index NASDAQ Index US Treasury Bills US Residential Housing (national average) US Inflation Rate (1981–1990) 16.6% 15.1% 12.0% 11.4% 10.8% 8.7% 5.0% 4.5% (1991–2000) -0.1% 0.5% 12.9% 14.0% 21.5% 4.7% 3.7% 2.8% 1990s 2001–2006 18.7% 12.3% 1.1% -2.3% -10.0% 2.5% 8.7% 2.7% 2000s 10.4% 8.6% 9.8% 9.3% 10.1% 5.7% 5.3% 3.5% in this set worth the least and the most in the summer of 2006—the Mustang coupe worth $8,750 and the Hemi Challenger worth $250,000 for examples in good condition. The purchase cost of the remaining six cars to the collector in 1981 would have been a somewhat more affordable $34,650. In summation After applying standard economic metrics to the data, they came to the following conclusions: The alternative asset versus traditional asset comparison demonstrates that vintage collector automobiles can be useful assets to consider for investing. The return profiles of the pony cars provide positive real returns, coupled with reasonable levels of risk in the form of standard deviation. Although the return and risk profiles are not spectacular, this concern may be over- shadowed by the real value derived from holding collector automobiles: the opportunity to shield from market downturns. One could argue that “safe” assets (those with neutral Betas) are readily attainable, i.e. short-term government securities and other “riskfree” assets, but investors do not have much to choose from when with respect to longterm perspectives. Potentially, even more diversification effect could be gained from vintage automobiles as assets if a methodology for leveraging could be implemented, thus allowing one to hedge more effectively. It was originally theorized that traditional markets (such as the stock market) would drive the vintage collector car prices with latent effects, but analysis of pricing does not suggest this occurrence. In fact, the reverse effect may be true. Investors may flee traditional markets in times of poor or flat performance and seek alternative investments. Vintage cars are more than just numbers Going beyond numerical analysis, non-pecuniary returns are the final consideration an investor must make before getting into vintage automobiles as alternative assets. For many, the specific returns and risk profiles on collectible cars are moot because so much personal value is derived from a multitude of interactive benefits involved with vehicle ownership. Purchasing a vintage automobile many times allows access to various clubs, both formal—such as vintage Ferrari racing circuits—and informal—such as being acknowledged as “having arrived” as wealthy. Owning collectible cars also allows an investor to relive childhood or young adult years with toys that were fiscally unattainable at the time. Many holders of these assets derive value from being able to physically touch the asset and perform care or maintenance whenever the occasion arises. The non-pecuniary benefits can even be as simple as the feel of the transmission and the sound of the engine in all of its ranges. Whatever the specific derivation of value is for any individual investor, it may make up for any discounted returns, higher risk profiles, or lower Sharpe ratios encountered during the holding period of the vintage sports car for a classic car enthusiast. *Housing values courtesy of Freddie Mac; DJIA, SP500, T-Bills, NASDAQ values courtesy of www.finance.yahoo.com; inflation rate courtesy Bureau of Labor Statistics; historical car values courtesy Blackbook/CPI. July 2007 131 Entire Period (1981–2006) SCMPhD Economics and Vintage Autos By Jim Schrager Economics today is driven by the study of numbers, and every PhD student learns how to analyze and compare patterns over the years, which we call time-series data. From blending my real job as a professor of entrepreneurship and strategy at the University of Chicago with my hobby as a Porschephile, I see that Monroe’s report on returns for the vintage car market reveals some curious and interesting insights. First, time-series data are highly sensitive to starting and ending dates. Tell me the result you want, but let me pick the dates, and I can get any outcome you’d like. This thesis spans from 1981 to 2005, which is good because it is long, but bad because the results are only meaningful for anyone who bought and held a particular car throughout the period. Second, any study is only as good as the summary statistics that can be developed. In the thesis project, Monroe uses three measures to note how assets behave over time—standard deviation, which measures uncertainty or variability of returns, correlation coefficients, which help determine whether something like a vintage car is well used as a investment diversification tool, and Beta, which allows an investor to determine the level of market risk exhibited by a given investment. None of these provided especially meaningful results. However, his study of the Sharpe ratio does. The Sharpe ratio measures risk vs. reward of a given investment, and is a barometer of how well an asset class performs above the U.S. Treasury Bill rate of return compared to other investment vehicles (pardon the economist’s pun), such as the Dow Jones Industrial Average, the much broader S&P 500, the Nasdaq Index, and Real Estate Investment Trusts. In this case, both collector cars in general and most of the specific models noted in the study underperformed all the of stock market measures. But wait, it gets worse. The study notes that all the costs of owning a vintage car are excluded from the calculations. Granted, most vintage car owners accept the costs of maintenance as a given, but if factored in, it is clear that as an investment class, vintage autos, both as a group and individually within the study, are lousy. Don’t agree with the results? Welcome to the world of modern academic economics, where there is a never-ending debate about what we can learn from time-series data. And probably the reason few folks on the Forbes 400 list of richest Americans—and many of our SCM readers—don’t much care.u

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Motobilia Carl Bomstead $1,200 Polly Talks the Talk Oh soy, can you see? World’s Fair Ford shift knobs could bring $5,000 as a set headquartered in Los Angeles The cage with the Polly was attached to the top of the gas pump. Yours is the third one of these I am aware of. It looks to be in good condition, although the colors appear to be a little dark. One sold on eBay a few years ago for around $900, which I thought was a good buy. I would think that around $1,200 is a realistic number today. Shift knob set is collectible gear Many years ago I bought Your Polly’s a real cracker Enclosed is a photo of a Polly Gas pump logo in excellent condition. The Polly is made of fiberboard. I can’t recall when I have not owned this unusual piece and have had it for at least 50 years. Any idea of its worth? Should I eBay it? I would appreciate your input. —Tony Handler, Los Angeles, CA. Tony, you have a very unusual piece of Polly Gas memorabilia. Polly was the brand name for the Wilshire Oil Company, which was a Ford Model A from an elderly gentleman in Los Angeles. With the deal done I asked him if he had any other Ford items and he hauled out sales literature, original photographs of Henry Ford and these gear shift knobs. Five of the knobs are dated 1935, three are from the San Diego World’s Fair, and two are from the Atlantic City Ford Exhibit. Two others are dated 1934 and are from the Chicago World’s Fair, marked “Ford, A Century of Progress.” The three flatter ones are not dated and are embossed with the Ford Rotunda. The box with a knob and tire pressure gauge is from the Ford Service Merit Club, San Diego, September 5–6, 1935. Any idea what I am looking at, as far as today’s value?—Rex Hamilton, Scottsdale, AZ. These gearshift knobs are made of soybean plastic, which Ford perfected in the mid ’30s. I recently saw a 1935 San Diego Exposition knob, with some wear, offered for sale at $450 and one of the Chicago World’s Fair knobs, missing the metal plaque, for $200. Recently offered on eBay were two Ford knobs that had some damage and they sold in the $100 range. The complete award box with the knob and tire gauge is the most interesting piece in the collection and I’d value it in the range of $750. Ford guys are not known for their free-spending ways, but this is a case where they might dig a little deeper. In my view, the value of the whole collection is greater than the sum of the individual pieces, but it would ake the right guy to step up. I’d ay the entire collection is worth etween $4,000 and $5,000. exaco blotters will soak up money I found this Texaco blotter in a local antique store, and for $25 hought it was a decent buy. It ap- pears to be unused and the colors are bright. There are no ink stains on the back. The guy at the store mentioned that he thought there were several different variations, but he was not sure. Do you know anything about these?—Craig Wilson, Spring, TX Craig, you are on a slippery slope if you want to collect the entire set. These blotters were issued in the early ’20s and were drawn in-house by Texaco artists. They were supplied free of charge to dealers and their names were imprinted on the bottom. They were offered in two sizes—3 1/2″ x 6″ and a smaller series that was 3″ x 6″. The artwork is cartoonish in nature and featured a station attendant with a slogan as to why Texaco oils should be used. There were about 23 different ones issued and acquiring the entire set will take years of scouring. As far as the price you paid, I would say that you did well, as they normally sell in the $50–$75 range. There are a few rare ones, however, and if you want to complete the set you pay whatever it takes to get those. Good luck!u CARL BOMSTEAD is a decades-long automobilia expert who lives in the Pacific Northwest. Send your questions to motobilia@sportscarmarket.com. Digital photos at least 3″ by 5″ at 300 dpi must accompany your queries. Due to the volume of mail we receive, not all questions can be answered. 132 Sports Car Market

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Bike Buys Paul Duchene Laverda’s Big Idea Since SFCs were intended for endurance racing, they can be found in street trim—an enticing proposition T o most bikers, the name Laverda conjures up the fearsome 140-mph Jota, the bright orange, 1,000-cc triple that was the fastest produc- tion bike you could buy in the early 1980s. But if you look back further to 1968, you’ll find a 750-cc twin that is considerably more advanced and much less well-known. Most surprisingly, it owes a lot of its design to Honda’s CB72 and CB77 (the 1961 250 Hawk and 305 Super Hawk), perhaps the first time the Japanese directly influenced a European motorcycle manufacturer. Like tractor builder Lamborghini, Laverda began as a farm equipment manufacturer— combine harvesters in particular—located in Breganze, 50 miles northwest of Venice. The post-WWII transportation crisis led the three brothers to build a tiny 75-cc motorcycle in 1948, and soon they went racing. Laverdas developed quite a following, with successes in the Moto Giro d’Italia and Milano-Trente races, and they were known for their reliability. Laverda built small bikes (the 200-cc Gemini was the biggest) until 1966, when Massimo Laverda returned from America convinced the company needed a big bike to enter the U.S. market. The result was a 52-hp, 650-cc twin prototype, which grew to the 750-cc GT in 1968. The engine looks like a Honda CB72 or 77, which the brothers admired, and its con- struction was high-quality. There were four main bearings, multiple duplex chains for valve and primary gears, a horizontally split crankcase, and sand-cast finish to the head and block for efficient cooling. The frame was a four-tube backbone with the engine as a stressed member. Drum brakes came from Grimeca, output was 75 hp, and the bike weighed 500 lbs. The 750GT was followed in 1969 by the faster S, which won every endurance race it entered in 1970. The SF (Super Freni—super brakes) arrived in 1971 with Laverda’s own drum brakes. At the same time, the limited-production SFC (Super Freni Competizione) was introduced. Perfect Laverda owner: Crushes full cans barehanded Rating (HHHHH is best): Fun to ride: HHHH Ease of maintenance: HHH Appreciation potential: HHHH Attention getter: HHH Years produced: 1968–77 Number produced: 19,634, (549 SFC) Original list price: $2,500 approx ($6,750 SFC) SCM Valuation: $2,000–$12,000 ($15,000–$30,000 SFC) Tune-up cost: Under $100 DIY Engine: 744-cc, 2-cylinder, air-cooled Transmission: 5-speed Weight: 541 lbs (517 SFC) Engine #: Above clutch on right side Frame #: Right side of headstock Colors: silver, orange, green, gold, red, white More: www.lavusa.com; www.iloc.org.uk SCM Investment Grade: B 134 Make mine an SFC This is the one to have. Only 549 half-faired SFCs were built in three series between 1971 and 1976. At £2,700 (about $6,300 in 1974), it was more than twice as expensive as the SF but significantly more sophisticated. It was also very competitive, until the rise of the Japanese fours in the mid-’70s, recording 1-2-3 finishes in such races as Le Mans, Montjuich, and the Bol d’Or. Motor Books International veteran Tim Parker wrote the Green Book manual on Laverda twins and triples, the RGS 1000 factory manual, and a Laverda history, with Raymond Ainscoe. He has owned a 1975 SFC for 30 years and raced it successfully most of that time. Since SFCs were intended for endurance racing, they can also be found in street trim, an exciting proposition. While a solid Laverda 750 might be found for $5,000, SFCs can command three times that sum, and a race bike with detailed provenance can approach $30,000. The considerable difference in value means a number of fakes exist, warns Parker, with SFC bodywork grafted on the basic SF frame. But the SFC frame is different, as are most of the engine internals, carbs, wiring harness, wheels, tank, and seat. Chances are a clone will be painted the correct orange, with a Laverda badge, but the similarities end there. Take along an expert to dispel the red mist before you whip out your wallet. Among more available models, the earlier SF1 bikes with drum brakes are very attractive roadsters with a cool single seat option and Veglia or Smiths gauges. The SF2 of 1974 gained single or twin discs upfront, better Japanese switchgear, Ceriani forks, and Bosch electrics. The 1974 GTL is a soft tourer with pullback bars, and the 1976 SF3 is the last model, with mag wheels and a clunky seat tail. All models have a manly pull to clutch and brake levers. Regular maintenance is enough Parker says Laverda 750s hold up well with just regu- lar maintenance. Parts are reasonably available by Italian standards (remember there were 19,000 750s sold), but it’s important to find an unmodified bike. English brothers Richard and Roger Slater are the recognized Laverda experts at info@slaterlaverda.com. Coil and points bikes can be retrofitted with the 1975 or later electronic ignition but to no great benefit. Engines should idle evenly without any rattles, and exhaust smoke is likely to mean worn rings. Some sources warn that the most fragile part of the motor is the key between the two halves of the cam. If you pull the end caps, you can feel for play between the two pieces. Real SFCs have welded cams. Laverda 750s are electric start and it’s a pretty reliable unit. But if the starter crankshaft taper is worn, the freewheel gear can stick on the shaft with disastrous consequences. Check that the gearbox sprocket is not loose; repairs will be expensive. Also check head bearing and swing-arm play. Side and center stands should be present. The correct exhaust is handsome but expensive to replace. One anomaly you might come across if you’re looking for a Laverda 750 is the American Eagle—the name applied to the first 750 bikes that came to the U.S. in 1969. The company aimed to compete for Harley-Davidson business and changed the tank, seat, and bars to achieve a cruiser look. Two models were offered, the 60-hp Road Sport and 68-hp Super Sport, which was used by Evel Knievel for jumping—a sobering thought at 571 lbs. dry weight. Unluckily, the Honda 750 Four arrived in the U.S. at the same time and American Eagle folded after two years with only 100 bikes sold. An American Eagle would be an unusual find, but like the Ducati Americano cruiser from ten years earlier, it falls into the category of “Rare And Should Be.” After a brief reappearance with an underpowered twin in the 1990s, Laverda was bought by Aprilia, which was itself sold to Piaggio. The brand is currently dormant.u PAUL DUCHENE has been riding, racing, and writing about motorcycles for 40 years. His work has appeared in the Chicago Tribune and the New York Times. Sports Car Market

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What You Need to Know About Your Favorite Classic Car INSTANT DOWNLOAD ON DEMAND Keith Martin, the editors of Sports Car Market, and Road & Track have teamed up to assemble the Buyer’s Guide series of downloadable 40-page portfolios. Each contains the information you need as a buyer, seller, dealer, collector or enthusiast. Each booklet has detailed information describing what your classic was like when it was new, and what it’s worth today. Guides include: In-depth profiles; Original specs and prices; Current market values; Tables of recent sales and trends; What to look for when buying; Vintage advertisements and Road & Track road tests Available Guides • 1967–70 AMC AMX • 1964–67 Austin-Healey 3000 MkIII • 1967–69 Chevrolet Camaro • 1961–67 Jaguar E-type Series I • 1968–71 Jaguar E-type Series II • 1971–74 Jaguar E-type Series III • 1963–67 Chevrolet Corvette • 1968–72 Chevrolet Corvette • 1970–73 Datsun 240Z • 1971–74 De Tomaso Pantera • 1964½–66 Ford Mustang • 1955–57 Ford Thunderbird • 1962–67 MGB Mk I • 1955–62 MGA • 1956–59 Porsche 356 A • 1960–65 Porsche 356 B&C • Shelby Cobra • 1969–76 Triumph TR6 Just $12.95 each. See all the available titles and download yours today at www.sportscarmarket.com

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Mystery Photo Answers I recall the 1967 24 Hours of Le Mans as our most challenging. The babysitter was a no-show, and the kid would lose his damn Binkie at 170 mph. —Vince Burgos, San Francisco, CA RUNNER-UP: The Poop Injection sys- tem worked flawlessly, but it also required constant maintenance.—Lance Lambert, Seattle, WA And that’s how you close the deal with Angelina Jolie.—Martin Ross, Los Angeles, CA The twins, Nigel and Clive, absolutely adored their Ford pr am. That morning, however, it appeared it had actually swallowed one of them.—Jim Rosenthal, Annapolis, MD Ernie’s wife asked him to pick up a baby carriage she ordered at Toys “R” Us. Mistakenly, Ernie went to Big Boys Toys instead.—Bob Peterson, Brooks, GA But honey, it IS a perfect family car. Look, it comes with a throw-up hood.—Jeffrey Colt, Newton, MA Umm, Carroll? Don’t you know the little bugger needs to be rear-facing?—Gary Bossert, Tewksbury, NJ Several years of intense research have proven beyond doubt that the Ford GT is part of the marsupial family.—Jonathan A. Stein, Reading, PA The Ford Motor Company, always thinking forward, toys with the idea of a front-facing child safety seat for the new GT. No comment yet from the NHTSA.—Daryl Pinter, Algonquin, IL To rationalize the purchase of the used GT40 to his spouse, Bob demonstrates how the proposed acquisition can also work as a practical family car.—Norman Vogel, San Francisco, CA Honey, this is not what I had in mind when I said to go out and get the best infant car seat you can find.—Dan Scharpf, New London, NH The twin bucket seats provide satisfac- tory lateral support and superb visibility but seem to be lacking in legroom.—Bob Peterson, Brooks, GA Well, honey, you didn’t specify which stroller to buy.—Randy Zelin, Westbury, NY To improve sales, Ford is now provid- ing automatic diaper changers on some of its models.—Walter Meyer, Eagle, ID When you gotta go, you gotta go!— Robert La Mar, Half Moon Bay, CA The twins loved riding in the GT40, but I didn’t know the forward rumble seats were only good to 120 or so.—Steve Simons, Danville, CA Finally, an exotic car made for family use. And with a built-in potty.— Herb Satzman, New York, NY Dad, I’m done with the vent. Dad? DAD!—Peter Zimmermann, Bakersfield, CA USAPPRAISAL This Month’s Mystery Photo Response Deadline: June 25, 2007 Our Photo, Your Caption Be the author of the most accurate, creative, or provocative response and receive a sure-tobe-collectible-someday 1/18-scale collector car model, courtesy of USAppraisal. Ties will be arbitrarily and capriciously decided. Fax your response to 503.253.2234; email: mysteryphoto@sportscarma-rket.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 get an official “SCM Fright Pig Inspector” cap. Email photos at 300 dpi in JPEG format. 136 Sports Car Market

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Quite clearly an infant seat for the well-heeled, it has also a certain je ne sais quoi.—Al Nelson, via email After winning the Formula Baby Jogger 2006 Championship, Mikey was poised to become the youngest holder of an FIA Super License.— Chris Attia, Felton, CA You wouldn’t believe the baby carriage my husband just bought.—Paul S. Black, Miami, FL Need a new stroller? Try a GT40 instead. Comfortably seats twins. Comes with heated seats and a rumbling frame to put them to sleep on those cold days.—Andrew Lemchen, New York, NY And consider how practical it is, dear. Just think of how much we’ll save by not having to buy a stroller.—Jay Mackro, San Juan Capistrano, CA Hmmm, more comfortable and with improved visibility, but how do I disable the air bags?—Dennis Puening, Brecksville, OH Friends and relatives of Anna Nicole Smith were shocked and dismayed that her baby was already beginning to live life in the fast lane.—David R. Libby, West Des Moines, IA Oh, you said SIT in the car. Um... I’m going to need a wipe.—Eric Burt, Advance, NC Although Junior loved his full-size pedal car, he often lamented the lack of sippie-cup holders.—Johan de Vicq, Arnold, MD Not wanting to let down his fellow La Sarthe club members, nor go against the strict orders of his wife Marcy, Steve found a way to go on the Saturday morning cruise AND not let little Bobby out of his sight, though the asbestos diaper did make him hesitate, if only for the minute or two it took to merge onto the expressway.—John Kuchta III, Glendora, CA Because he understands that today’s dad needs to multitask if he is to enjoy his toys, Vince Burgos will receive a soon-to-be collectible 1:18scale model courtesy of Dave Kinney’s USAppraisal.u Comments with your renewal One or two Italian cars a month is enough. The rest is great. I particularly enjoy reading up on motorcycles and affordable cars.—Nick Zart, Long Beach, CA My favorite subscription. Keep it up.—G. Davis, Gilbert, AZ Woo Hoo! Your magazine is great.—E. Tremblay, Calgary, Alberta, CAN Less emphasis on the Martin Rating System, which is entirely too subjective. Otherwise best car magazine in the United States.—M. Crosby, Washington, D.C. We are currently revamping the system; like any system of measurement, it is only through use that the advantages and the flaws reveal themselves. We still believe there is a way to quantify the “collectibility” of cars; please bear with us while we beat our heads against the wall trying to get it right. —K.M. Absolutely one of the best reads. Love it.—J. Masterson, Ventura, CA Love the variety. Thank you. No SUVs please. Give me all the Italian exotics you can find.—N. Chrisman, Seattle, WA. Frankly, I’d rather just kick tires and write up condition reports.—K.M. Great publication.—D. Bishop— Saville, NY When Keith is escorted out of a sale tent, it tells me that you guys are July 2007 WAGON HO! Station Wagons Love Lakes in the Summer S doing things right. Keep it up.—R. Lee, Quincy, FL. Is this now the “Muscle Car Market?” Back to Alfas et al.—J. Vogel, New York, NY Don’t change a thing.—J. Bakke, Ellison Bay, WI Keep the unvarnished opinions coming. One of the primary reasons I am resubscribing is because you were kicked out of B-J for those opinions.—R. Dupuy, Santa Clara, CA Great mix of Anderson and Schrager. In my MG club in San Antonio, a dozen of us own Porsches also. Go figure.—G.F. Matecko, Universal City, TX Keep up the great work, Keith and gang. Always a great issue.—D. Amette, Laguna Beach, CA Getting better and better.—S. Fohrman, Evanston, IL Thanks. You’ve helped me in my last three purchases of collector cars.—P. Serka, Nipomo, CA. Love your magazine.—J. Christians, Atlanta, GA Keep up the great job. You’re a cross between reality and fantasy. Now, if I could only win the lotto.—E. Miller, Northbrook, IL Love the magazine. Keep the great stories coming.—T. Legeer, East Rochester, NY renewals and comments.—Keith Martinu And thanks to all of you for your CMers are vying to take our pristine wagon on a trip back to childhood. Here are Ben Fretti’s childhood memories. Join in with your recollections as we plan the summer campaign. My father was a “station wagon guy.” The first one I can remember was a black early ’60s Rambler. Then a Chevy, a Chrysler, and a Buick, all wagons. He wasn’t a car guy, but he definitely was a wagon guy. Each summer my two brothers and sister, along with mom and the family dog, drove from Toledo, Ohio, to Manitou Beach, Michigan. The car was loaded with a summer’s worth of family cottage gear. Our family road trip was 50 miles—all of an hour. The trip seemed to go on forever. Coming home was worse because school loomed. We fought over the rights to sit all the way back in the third row, facing front, back, or each other depending on the wagon we had. The build-up to the trip would make one think we were crossing the country. Weeks of planning, packing, and mostly anticipating. As a 48-year-old adolescent, I insist we return to the same lake each summer—even though we lived in California for 13 years and now live in Florida. My kids are enjoying the same things I did at their age (hopefully not all the things). My 15- and 16-year-old sons and my wife need this experi- ence. We’ll be in Michigan the week before and after July 4. We could show the car my personal favorite Mystery Hill (a ten-mile trek from our cottage). It’s one of the few places on earth (except other tourist/resort areas) that defy gravity. Michigan Speedway is ten minutes away as well. If that’s not enough, there’s Prehistoric Forest and the other “must sees” of the Irish Hills in Michigan. The Henry Ford Museum, Greenfield Village, and other car related stops are within an hour. The car would love the World Famous Devils Lake Fireworks display. I’m very sure you know all about this national treasure of an event. The bottom line is this: Station wagons love lakes in the summer. We’re car people and will give this beauty a good foster family for a couple days or weeks. We’ll pick up and/or drop off anywhere. Everyone has a great time in the summer at Devils Lake in Manitou Beach, Michigan. I’m sure it will be logistically challenging, but the Fretti family is packed, bathed, and ready to go. Everyone’s been to the bathroom and we have games to play. I’m the dad, so I get to sit in the third row firs—finally. Toss us the keys and we’re off. Thanks for your consideration.—BF Interested in a turn behind the wheel? Email copyed@sportscarmarket.com with your proposed itinerary. 137

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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. English 1950 Jaguar XK 120 1955 Austin-Healey BN2 100M All-aluminum recreation (Tempero), stunning, exacting build to original, many upgrades with correct gauges, switches, horns, etc. Awesome performance. 5-sp, Koni shocks, Triple Webbers, Jaguar mechanicals, sorted and ready, 400 miles, finest Connolly leather, LHD. Dan Rourke, drourke@aol.com, 508.561.8616. (MA) 1961 Jaguar XKE Series I 1957 Jaguar XKSS 1964 Jaguar Mk II #s matching, ps, 4-sp o/d, 3.8-L, original interior, excellent body, motor, etc. Rebuilt front end, electrics, carbs, stainless exhaust, Heritage Certificate. Great original car. $22,000. Peter Dobbs, peterbc@shaw.ca, 250.338.0292. 1965 Jaguar, XKE 4.2 coupe JCNA 99-pt car. Absolutely spectacular, drives flawlessly. Silver, red leather. Matching numbers. Books, tools, fitted luggage. Body-off restored by marque specialist on excellent, rust-free original car. Expensive. Matthew L. deGarmo Ltd., 203.852.1670. (CT) 1954 Jaguar XK 120SE OTS (by Dealer) Many extras, VR tires, oil cooler, 72-spoke wheels, front disc brakes. $25k. John du Gan, jr09603@yahoo.com, 0039.0438.85649 (ITA) 1955 Austin-Healey 100-4 BN1 Beautifully restored example of early weldedlouver, flat-floor model. Matching numbers. Very sharp. Tool kit, manuals, cover. Receipts. $98,000. Fantasy Junction, chris@fantasyjunction.com, 510.653.7555. (CA) 1963 Morgan 4-4 Multiple JCNA Best of Show and People’s Choice. Complete documentation of restoration on twoowner, low-mileage, rust-free car. Ownership history back to new. All numbers-matching. Red, black leather with all factory original books and tools. The best there is, bar none. Matthew L. deGarmo Ltd, 203.852.1670. (CT) 1967 Austin-Healey 3000 Mk III BJ8 Phase II CWW. Nice rust- and accident-free body. Matching #s, running & driving car with older cosmetics. $47,500. Kurt Tanner Restorations, 909.944.5598. (CA) BRG/black. 3-spd o/d. Louvered hood & strap. Attractive, correct frame-off restoration completed 1994 with few miles since. $49,500. Kurt Tanner Restorations, 909.944.5598.(CA) Red, black Connolly leather, all weather equipment. A great driver from a private collection. Clean and straight, nice paint, mint interior. Runs and drives without fault. $27,500. Matthew L. deGarmo Ltd, 203.852.1670. (CT) BRG/black.Amazingly original 28k-mile jewel. Original paint, interior, carpet, top, etc. New wheels, stainless exhaust. Excellent. $69,500. Kurt Tanner Restorations, 909.898.7787. (CA) 1967 Triumph TR4A Very good Southern car with $45k spent on total photo doc’d restoration, multiple concours winner, now driven a bit. Super. $35,000. Jerry Bensinger, Jbenzr@aol.com, 330.759.5224.(OH) 1970 Jaguar XKE 3rd owner with no winters. Power steering and a/c. Original condition. Last year for the coupe—only 1,702 built. $29,500. Bob Sleap, 716.877.2136. (NY) 1971 Morris Minor Woody RHD with 1,100-cc engine and all the latest upgrades. Runs perfectly. No rust. Asking $12,500 for this classic. Larry McCagg, elhazard@easystreet .com, 360.666.5378. (WA) 138 Sports Car Market

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SCM GOLD ? What is SCM GOLD membership gives you access to over 40,000 auction records. Each month in the magazine, we deliver reports from auctions around the world on what sold, for how much, and why. Only part of what our auction analysts turn in makes it to print, but every car they report on is available online to GOLD members. Everything You Get With GOLD Membership: Full Access to Over 40,000 Online Auction Reports Gold-Only Emails Informing You of Insider Information and Updates on Sales from Around the World Access to Our Full Online Price Guide Invitations to Special Events and SCM Gold-Only Offers Isn’t it worth $5 a month to know what’s really going on? Just $60 a year. Sign up online at www.sportscarmarket.com

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SCM Showcase Gallery 1971 Jaguar XKE OTS All original sheet metal, cloth top, air, power steering, runs great and well maintained. Pics at mydreamjaguar.com. $39,500. Paul Maletsky, 973.768.7139. (NJ) 1975 Triumph TR6 Immaculate condition throughout. 1600 Normal. Silver, blue leather, blue top, very rare factory removable rollbar, correct radio. There isn’t a better driving B Roadster anywhere. Matthew L deGarmo Ltd., 203.852.1670. (CT) 1964 Porsche 356C Carrera 2 Coupe 1999 Mercedes-Benz SL500 2nd owner, brand new Michelin Pilot Sport ZR18 tires, original window sticker ($87,665), all service records since delivery, hard top cart, always garaged & hand washed, beautiful in all respects. $28,750. Phil Manuell, pmanuell@adelphia.net, 760.214.5577. (CA) Factory hard top, new interior, battery. Runs great, no mods, nice frame, soft top. Tonneau, “X” redlines. $15,000. John McNulty, jlmcn@frontiernet .net, 315.855.4368. (NY) 2005 Bentley GT Mulliner Rare “C” disc-brake model, low miles. $239,000. Mark Leonard, info@grandprixclassics.com, 858-459-3500. (CA) 1969 Mercedes-Benz 280SL Mint condition, garaged. Diamond Muilliner seats, heated and equipped with massage mechanism. Mulliner interior wood finish, Mulliner wheels. Michael Sher, 954.565.0350. (FL) Jaguar XKEs 1961–70 needing restoration. Most are apart, some missing parts and not driveable. Call for list of about 25 cars. Don Westerdale, 805.703.0565. (CA) German 1961 Porsche 356B Roadster Desirable and appreciating model in excellent condition. Recent major service and much additional work by Motion Products West. Fitted with correct type and series engine. Factory electric sunroof. $198,500. Fantasy Junction, chris@fantasyjunction.com, 510.653.7555. (CA) Excellent graphite gray 190 repaint on a 50,000mile rust-free USA car with black hard and soft tops, maroon interior, rare 4-speed stick. Recent updates include exhaust system, seat belts, undercarpet insulation, H4 headlights, sill trim, interior wood, driver’s seat pad, and engine bay topside cosmetics. Bob Platz, 610.731.4241. (PA) 1973 Porsche 911RS Excellent condition, Carbon Black with rare red leather interior, 6-speed, navigation system, BMW phone, bi-Xenon, heated seats, park distance sensor, HK premium sound, CD changer, 6-yr/100k-mile engine warranty. Garaged, no smokers, kids, or pets. $37,500. Ron Palladino, ron@rencodesign.com, 805.688.6222. (CA) 2004 Porsche GT3 2002 BMW M3 Convertible 1967 Ferrari 275 GTB/4 Recreation by Giordanengo in Italy. All correct Ferrari components, built on 250 GTE chassis. Perfect mechanicals, flawless aluminum coachwork, ready for track, street, or concours. Matthew L. deGarmo Ltd., 203.852.1670. (CT) 1982 Porsche 911SC Targa Turbo look, no fiberglass or bondo. 62k actual miles. Original California car. 5-spd, immaculate and drop-dead gorgeous from every angle. Call for more details. $24,500 Lou Savaglio, autogallery@wishcom.net, 815.382.3222. (IL) 1963 Ferrari GTO S/N 9597. Straight, solid, well-cared-for example of this beautiful and legendary Ferrari. Strong interior. Original detailing includes Carrello lights with Scaglietti covers. Factory equipped with Borrani wires and rare pw. $875,000. Fantasy Junction, chris@fantasyjunction.com, 510.653.7555. (CA) 1967 Ferrari 365 6-cyl, yellow, black interior, always garaged, excellent condition. Carbon composite brakes, never on track, Xenon headlights. $79,900. Charles Hurbis, churbis@charter.net, 541.266.0900 or 541.404.6736. (OR) Italian 1959 Fiat 600 22 hp, suicide doors, recent paint, clutch, shocks, tune up, brakes, very original NW car. Always garaged. $4,500. Barry Matthews, 503.931.6334. (OR) IS IT REAL OR DIECAST? ONLY THE OWNER KNOWS FOR SURE. Custom Diecast Replicas specializes in duplicating real cars in 1/18 scale diecast. As long as there’s a starter car available Custom Diecast Replicas can duplicate most any real car. Using Dupont paints we can match any car any color. From complete repaints to engine swaps, create hoods and spoilers, making convertibles from hardtops, adding vinyl tops, chopping roofs, making sunroofs or t-tops to just doing tire and wheel swaps. The possibilities are endless! We back all our work with a guarantee! Please visit our website for more information or call us direct at 630-424-1700 www.CUSTOMDIECASTREPLICAS.com 140 Outstanding original example. Excellent condition inside and out. Everything works. Bosch fuel injection. Show winner. 2nd owner. $21,500. Tony Sports Car Market Perhaps the last of the limited production model Ferraris to be built. 1 of 13. Stunning condition, original color, a/c and power steering. Great presence. $1,100,000. Fantasy Junction, chris@fantasyjunction.com, 510.653.7555. (CA) 1969 Ferrari 365 GT 2+2 Beautiful Euro model w/ very nice paint and excellent interior. Wire wheels. Wood steering wheel. Runs strong. Lots of records. California car for many years. No rust. Email for additional pictures. $89,000. Bob Bigler, robertbigler4@hotmail.com, 202.341.0830. (MD) 1974 Maserati Merak Completely original with 22,000 original miles. Five-speed, a/c, silver/black leather. Exceptional condition. Includes U.S. import and Euro aluminum engine covers. Robert Fast. (USA) 1983 Alfa Romeo Spider Veloce

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Villano, tvillano@verizon.net, 610.878. 4547. (PA) 1994 Alfa Romeo 164LS Swap Meets Excellent condition in and out. Maintained by wellknown Alfa shop. Car cover and sales brochures. $12,000. Ron Anderson, 949.706.3091. (CA) Modena Ferrari California Spyder Replica The Modena Spyder is a high quality replica of the very desirable Ferrari California Spyder. The manufacturer, Modena, supplied the vehicle for the 1986 movie “Ferris Beuller’s Day Off.” This example is a very nice driving car with a fresh engine and striking color combination. The car was built in 1987. See more pictures at www .dormangarage.com. $55,000. Dorman Garage, Inc., rragains@dormangarage.com, 219.363.8277 or 219-363-8101. ( IN ) American 1965 Ford Thunderbird J-65 red lacquer, all the bells and whistles. 390 V8, automatic, a/c, power everything. $27,500. Chris Howells, chowells@larrymore.com, 757.222.9408. (VA) 1967 Corvette Convertible w/ 2-tops Across Marina Blue exterior/white interior, 350 4-speed, great condition, tank sticker/Protectoplate, NCRS-judged, owner documentation, original/ matching components, kal@thepdmgroup.com, 248.561.8972.(MI) 1986 Buick Regal Grand National 1. Antique truck maker, and its product, briefly 6. Studebaker ___ Turismo Hawk 9. As well 10. Go-anywhere vehicle (2 words) 12. Enthusiasm 13. Rodent 14. Carpronoun 16. Chevrolet 210 Del ___ 17. Brought back to original condition 19. Iconic VW 21. You and me 22. Friday night antique and classic car event (2 words) California car with upgraded CPT 44 turbo and cold air kit. New front brakes, headliner, rear tranny seal. Original PowerMaster brake system has been replaced by a more reliable MasterPower vacuum brake system. Original paint and interior. No tears in seats. I’m the third owner and have owned the car for over 4 years. Has current California smog certificate, upgraded air conditioning system, Python alarm system, power locks, ps, pb. $14,000. John Motroni, transamman2000gnforsale@yahoo.com, 415.505.6586.(CA) 1990 Cadillac Allante All original and as-delivered with hard top. Well maintained. In trouble-free condition. Original owner from new. All records. $9,500. W. Golomb, 231.719.8014. (IL)u July 2007 24. Monaco’s city, Monte ____ 27. Moon of Jupiter 28. German for “the” 29. Street, for short 31. Bolt’s partner 34. Barrett and Jackson event 35. Pontiac’s original muscle car 36. French, “of the” 37. _____ d’elegance 39. 2-__ HT 41. Fuel seller 42. Newport’s St. 43. Often held at burger joints 45. Interior cracks happen here 47. 24 Hours of __ Mans 49. Market currently leveling off 50. Event for auto treasure hunters (2 words) Down 1. Takes place on the strip (2 words) 2. Mix of metals 3. Above 4. 1960s Dodge Swinger 5. Awards 6. Proceed 7. British marque that began as 19th century tricycle maker 8. One who wanders in a 1950s Chevy 11. 1970s South African-market GM car 14. NASCAR vehicles (2 words) 15. One-third of Santa’s laugh For solution, go to: www.sportscarmarket.com/crossword 141 17. Performs 18. 90-degree angle 19. Auction increment 20. Pre-owned 23. Way to go 25. It ruins the parade 26. Person with the pink slip 30. Mexican food 32. Go __ the front 33. Bowl for a party 36. Blonde British bombshell Diana ____ 37. Waterway 38. Spring feature 39. Negative prefix 40. See 46 down 42. Uncommon 43. Favorite uncle? 44. Just built 46. Hi-Boy, e.g. (goes with 40 down) 48. Horsepower, for short

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Resource Directory Advertise in the SCM Resource Directory. Call 877.219.2605 x204 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) Barrett-Jackson Auction. 480.421.6694, 480.421.6697. N. Scottsdale Rd, Scottsdale, AZ 85251. info@barrett-jackson.com. www.barrett-jackson.com. (AZ) Bonhams & Butterfields. 415.391.4000, 415.391.4040. 220 San Bruno Avenue, San Francisco, CA 94103 www.butterfields.com. (CA) Bonhams. +, +44.207.585.0830. Montpelier St., Knightsbridge, London, SW7 1HH. www.bonhams.com. (UK) Branson Collector Car Auction. 800.355.3063, 417.336.5616. 1316 W. Hwy. 76, Suite 199, Branson, MO 65616. www.bransonauction.com. (MO) RM Auctions, Inc.. 800.211.4371, Carlisle Collector Car Auctions. 717.243.7855, 1000 Bryn Mawr Road, Carlisle, PA 17013. Spring and Fall Auctions. High-line cars cross the block. Hundreds of muscle cars, antique, collector, and special-interest cars, trucks, and motorcycles. Real Cars. Real Prices. www.carlisleauctions.com. (PA) 519.351.1337. Our team of highly qualified professionals with over 25 years of experience will perform complete classic car collection appraisals. Your collection will be assessed by superior appraisers who are exceptionally detailed and want you to get the most value from your collection. RM is the world’s largest vintage automobile house specializing in vintage automobile restoration, auctions and appraisals. www.rmauctions.com. (CAN) Russo and Steele Collector AutoChristie’s. 310.385.2600, 310.385.0246. 360 N. Camden Dr., Beverly Hills, CA 90210. www.christies .com. (CA) Gooding & Company. 310.899.1960, 310.899.0930. Auctions and brokerage of fine automobiles. 1528 6th Street, Suite 120, Santa Monica, CA 90401. www.goodingco.com. (CA) H&H Classic Auctions. +44.01925.730630, +44.01925.730830. Whitegate Farm, Hatton, Cheshire WA4 4BZ England. www.classic-auctions .com. (UK) Kensington Motor Groupd, Inc.. 631.537.1868, 631.537.2641. P.O. Box 2277, Sag Harbor, NY 11963. Kenmotor@aol.com. (NY) mobiles. 602.252.2697, 602.252.6260. 5230 South 39th Street, Phoenix AZ 85040. info@russoandsteele.com; www.russoandsteele.com. (AZ) Santiago Collector Car Auctions. 405.475.5079, 501 E. Britton Rd., Oklahoma City, OK 73114. Rocky: rockydb5@sbcglobal.net. (OK) Silver Auctions. 800.255.4485, 2020 N. Monroe, Spokane, WA 99205. silver@silverauctions.com. www.silverauctions.com. (WA) 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) Mecum Collector Car Auction- eers. 815.568.8888, 815.568.6615. 950 Greenlee St., Marengo, IL 60015. Auctions: Orlando, Kansas City, Rockford, Bloomington Gold, St. Paul, Des Moines, Carlisle, and Chicago. Nobody Sells More Muscle Than Mecum. Nobody. www.mecumauction.com. (IL) Palm Springs Auctions Inc. Keith McCormick. 760.320.3290, 760.323.7031. 244 N. Indian Canyon Dr., Palm Springs, CA 92262 www. classic-carauction.com. (CA) automobiles and vintage watercraft. www.wwgauctions.com. (TX) 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) Centerline Alfa Parts. 888.750. ALFA(2532), Call for free catalog, or visit www.centerlinealfa.com for online shopping, color product photos, tech tips, photo galleries and more. Exclusively Alfa for over 25 years, we have hands-on experience with Giulietta through 164. We’re constantly adding new parts, accessories, and performance items, so check in often for the latest updates. www.centerlinealfa .com. (CO) American Shelby American Automotobile Club. 860.364.0449, 860.364.0769. PO Box 788, Sharon, CT 06069. Over 5,000 members, 50 regions throughout the world. Dedicated to the care and preservation of the cars that Carroll Shelby produced. Two national conventions a year, semi-annual magazine, bi-monthly newsletter as well as a registry. (CT) Antiques Solvang Antique Center. 805.688.6222, California’s Premier Antique Collective features 65 extraordinary dealers. Quality 18th and 19th century furniture, decorative accessories, fine art and estate jewelry. One of the finest selections of antique clocks, watches and music boxes in the world. www.solvangantiques.com. (CA) Appraisals 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 25 years experience with collector automobiles, available nationwide. David H. Kinney, ASA (Accredited Senior Appraiser, American Society of Appraisers). dhkinney@usappraisal.com www .usappraisal.com. (VA) Automobilia GMP. 800.536.1637, GMP offers the best value possible in accurately detailed diecast models through exhaustive research and development followed by uncompromising quality control standards in design, modeling, and manufacturing. We are the diecast leaders. Your collection starts here. www .gmpdiecast.com. (GA) Spyder Enterprises. 831.659.5335, 831.659.5335. Since 1980, providing serious collectors with the finest selection of authentic, original vintage posters, pre-war thru mid-1960s; mainly focused on Porsche, Ferrari, Mercedes, and racing. Producer of “Automobilia Monterey,” with 38-page list of memorabilia available. singer356@aol.com www .vintageautoposters.com. (CA) Steve Austin’s Automobilia & Great Vacations. 800.452.8434, European Car Collector tours including Monaco & Goodwood Historics, private collections, and car manufacturers. Automobile Art importer of legendary artists Alfredo de la Maria and Nicholas Watts. www.steveaustinsgreatvacations .com. Buy/Sell/General 2shores International. 49.5691.912460, 49.5691.912480. Based in Germany, working worldwide. Connecting buyers and sellers of collectible cars in a global market place. International Classic Car Events. Serving our clients with compassion, loyalty, and 15 years of experience. Your trusted partner in Europe! www.2-shores-classics .com. (DE) RM Auctions, Inc.. 800.211.4371, Kruse International. 800.968.4444, 5540 CR llA Auburn, IN 46706. Largest Collector Car Auction Company, holding over 35 auctions per year. Home of the 480-acre Auction Park in Auburn, IN, where the 37th Annual Labor Day Auction will be held with over 5,000 cars and 150,000 people. www.kruse .com. (IN) 142 The Worldwide Group. 866.273.6394, Established by John Kruse and Rod C. Egan, The Worldwide Group— Auctioneers, Appraisers and Brokers —is one of the world’s premier auction houses, specializing in the procurement and sale of the world’s finest 519.351.1337. Our team of highly qualified professionals with over 25 years of experience will perform complete classic car collection appraisals. Your collection will be assessed by superior appraisers who are exceptionally detailed and want you to get the most value from your collection. RM is the world’s largest vintage automobile house specializing in vintage automobile restoration, auctions and appraisals. www.rmauctions.com. (CAN) The Carcierge. 561.541.6696, 461.241.6613. At The Carcierge, our facility has been designed to provide secure storage at appropriate temperature and humidity levels. We also offer our Sports Car Market RESOURCE DIRECTORY

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CarCare program, designed to protect your automobile from the damage that can occur when it is idle. www.thecarcierge.com. (FL) Collector Car Insurance ed 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) JWF Restorations, Inc.. Grundy Worldwide. 800.338.4005, 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.cin. (CA) 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) 503.643.3225, 503.646.4009. Jim Feldman, 11955 SW Faircrest St., Portland, OR 97225-4615. AC restoration specialist. 35 years experience. Partial to full restorations done to street or concours standards. (OR) Austin-Healey Club USA. 888.4AHCUSA, 503.528.0533. 8002 NE Hwy 99, Ste B PMB 424, Vancouver, WA 98665-8813. Oldest national Austin-Healey club and factory club heritage. Members recieve Austin-Healey Magazine, Resource Book, calendar, tech assistance, book discount. Annual dues still just $35. www.healey.org. (OR) Kevin Kay Restorations. Paul Russell and Company. 978.768.6092, 978.768.3525. Since 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) Blackhawk Colelction. 925.736.3444, 925.736.4375. Purveyors of rolling art. The Blackhawk Collection is one of the world’s foremost companies specializing in the acquisition and sale of both American and European classic, coachbuilt, and one-of-akind automobiles. www.blackhawkcollection.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 .legendarymotorcar.com. (ON) 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) Auto Transporting by P.C. Bear. 717.859.1585/321.287.9368, Born 1941, car nut since 1943, transporting since 1994. For answers to all your questions, call the guy that loads and drives the truck. www.pcbeartransport.com. (PA) Heacock Classic. 800.678.5173, We understand the passion and needs of the classic car owner; agreed value, one liability charge, 24-hour claim service and paying by credit card. We provide classic car insurance at rates people can afford! Instant quotes at www.heacockclassic.com. (FL) 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. www.swiftbermuda.com. English AC Owner’s Club Limited. 503.643.3225, 503.646.4009. US Registrar: Jim Feldman, 11955 SW Faircrest St., Portland, OR 97225-4615. The world’s largest organization of AC owners and enthusiasts. AC ownership not required. Monthly magazine. (OR) 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) 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) Ferrari/Maserati/Lamborghini 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) Garage/Tools German Re-Originals. 713.849.2400, 713.849.2401. The U.S. source for original, complete seats and covers, bulk upholstery materials, original rubber mats and gaskets, original European taillights, headlights, grilles, windshields. Visit our website for complete listing. www.reoriginals.com. (TX) 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.cin. (CA) Alex Dearborn. 978.887.6644, 978.887.3889. Topsfield, MA. Buying, selling and trading vintage Mercedes. Specializign in 300SLs. Large database of older M-Bs. www.dearbornauto.com. (MA) Gull Wing Group International, Gary Estep. 530.891.5038, 776 Cessna, Chico, CA 95928. Dedicated to the enjoyment and preservaton of 1954 to 1963 Mercedes-Benz 300SL coupes and roadsters. Member benefits include: twelve monthly magazines per year plus a national convention that rotates its location around the country. gestep3457@aol.com. (CA) 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) Inspections Automobile Inspections LLC. 860.456.4048. 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 Covercraft Industries. 800.4.COV- Deltran Battery Tender. Aston Martin of New England. 781.547.5959, 85 Linden Street, Waltham, MA 02452. Proudly appoint- July 2007 386.736.7900, Our chargers are the most technologically advanced in the world. Microprocessor-controlled fully automatic “smart chip” charging applies the correct logic to extend battery life significantly! Safe, dependable and will not over-charge your car battery! www .batterytender.com. (FL) ERS (426.8377), World’s largest manufacturer of custom vehicle covers. Over 58,000 patterns in our library and we can custom make a cover to your dimensions. Thirteen (13) fabrics for indoor/outdoor protection of your classic or daily driver. Made in USA www .covercraft.com. (OK) Re-Originals. 713.849.2400, 713.849.2401. The U.S. source for original, complete seats and covers, bulk 143

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Resource Directory Advertise in the SCM Resource Directory. Call 877.219.2605 x204 for information, e-mail: scmadvert@sportscarmarket.com. upholstery materials, original rubber mats and gaskets, original European taillights, headlights, grilles, windshields. Visit our website for complete listing. www.reoriginals.com. (TX) Guy’s Interior Restorations. 503.224.8657, 503.223.3953. 431 NW 9th, Portland, OR 97209. Award-winning interior restoration. Leather dyeing and color matching. (OR) Sports and Competition Morris and Welford. 714.434.856, Griot’s Garage. 800.345.5789, The ultimate online store for automotive accessories and car care products. www .griotsgarage.com. (WA) Restoration 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) Muscle Car 1000. 949.838.7076, 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) October 7–12, 2007. 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)u 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/UK) Vintage Events 144 Sports Car Market RESOURCE DIRECTORY

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July 2007 July 2007 July 2007 July 2007 ly 2007 145 tory Advertise in the S July 2007 145

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Carl Bomstead eWatch When Politics and Plates Collide Once a NASCAR favorite in his #15 Chevrolet, Waltrip now struggles to make the grid in a Toyota and his fans have left him for others on the circuit Thought Carl’s Just when you think the stuff you collect is getting out of hand, an auction comes along that puts it all in perspective. Julien’s Auctions recently conducted an auction of Rock n’Roll memorabilia that benefited Music Rising, a charity that replaces musical instruments lost in the New Orleans floods. The results were over the top. A red Fender Mustang guitar once owned by Jimi Hendrix sold for a cool $480,000. For about $200,000, less you could have owned the Gibson guitar that U2 used in “New Year’s Day.” It was previously played by Les Paul and was estimated to sell at less than $100,000. So next time your significant other complains about how much you just spent on a hood ornament, point out that you could have bought a guitar for much more. Here are a few items that sold recently for a whole lot less. EBAY#280094362963—1921 “FEMME LIBELLULE” DRAGONFLY GIRL MASCOT BY VICTOR ROSSI. Number of SOLD AT: . Date sold: 3/25/2006. This beautiful and finely sculpted mascot was titled “L’Aut Allegorique” and was made in silvered bronze. It was mounted on a jeweled, silver-plated radiator cap. The mascot appears in several books and it was stated that this was the first example to be offered in decades. By coincidence, another example was offered by Bonhams & Butterfields at their recent Brookline auction and they stated theirs was the first they had ever offered. After spirited bidding, the online example sold for surprising money but the other example stalled at $6,000 and failed to meet reserve, which leads to the conclusion that the market price is most likely somewhere in the middle. EBAY #320093881822— CHEVROLET PORCELAIN NEON SIGN. Number of bids: 42. SOLD AT: $7,500. Date sold: 3/23/2007. This col- orful six-and-a-half-foot porcelain sign was missing the mounting can, neon, and transformers. One side was OK and the other rather trashed with scratches, chips, and a good-sized bend. No worries, however, as the sign was unusual enough that the bidding was pushed to the upper limit. New owner still has a few sizable checks to write, however, before he can hang this one in his garage. EBAY #190096336812— 1917–1918 BENHUR RADIATOR BADGE. Number of bids: 196. SOLD T: $1,275. Date sold: 3/31/2007. BenHur automobiles were made in Willoughby, Ohio, in 1917 and 1918, and it is estimated that less than 100 were actually manufactured. This radiator badge was unused. It’s likely that more were ordered than were ever fitted to a car and this one fell into that category. The rarest of the rare opens the checkbooks but the price paid here was not out of line. EBAY #320094896943— PONTIAC PARTS PORCELAIN DOUBLESIDED SIGN. Number of bids: 27. SOLD AT: $6,160. Date sold: 3/26/2007. This unusual 20-inch Pontiac sign was in decent condition, with only a few minor chips on the mounting holes. This version is seldom offered and the rarity accounts for the substantial premium. Next time offered, however, it will be close to five figures, as it was bought by a prominent dealer and will be ambi- tiously priced. EBAY #300097746819—1962 TONKA PICKUP TRUCK #302 WITH ORIGINAL BOX. Number of bids: 16. SOLD AT: $202.50. Date sold: 4/8/2007. This pressed steel Tonka pickup truck was in very nice condition with only minor play wear. The box was close to mint. A restored example without the box recently sold for $150 so this was well bought, as the buyer got originality and packaging for only $50. SUBSCRIPTION INFORMATION Sports Car Market magazine (ISSN #1527859X) is published monthly by Automotive Investor Media Group, 401 NE 19th Street, Suite 100, Portland, OR 97232. Periodicals postage paid at Portland, OR, and at additional mailing offices. Subscription rates are $58 for 12 monthly issues in the US, $78 Canada/Mexico, Europe $88, Asia/Africa/Middle East $98. Subscriptions are payable in advance in US currency. Make checks to: Sports Car Market. Visa/MC accepted. For instant subscription, call 24-hours 800.289.2819, 503.261.0555; fax 503.253.2234; www.sportscarmarket.com. 146 EBAY #110102760339— MICHAEL WALTRIP #15 NASCAR CHEVY NEON SIGN. Number of bids: 1. SOLD AT: $.01. Date sold: 3/23/2007. That’s right, a piece of Michael Waltrip memorabilia for only a penny. How the mighty have fallen. Once a NASCAR favorite in his #15 Chevrolet, he now struggles to make the starting grid in a Toyota and his fans have left for the likes of Jimmy Johnson and Kyle Petty. EBAY #260101159897— 1933 FRANKLIN D. ROOSEVELT INAUGURAL LICENSE PLATE. Number of bids: 35. SOLD AT: $6,300.26. Date sold: 1/1/2007. This plate, numbered 125, was for FDR’s inauguration in 1933 and was issued by the District of Columbia. In exceptional condition, it sold for adult money, but as we have seen in the past, license plate collectors will pay for the rare and unusual. Here they were also competing with collectors of political memorabilia, so they had to step up or step out.u POSTMASTER Send address changes to: Sports Car Market PO Box 4797, Portland, OR 97208 CPC IPM Sales Agreement No. 1296205 Sports Car Market