June 2014 - Sports Car Market - Keith Martin's Guide to Car Collecting and Investing

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Sports Car Market PROFILES Keith Martin’s JOIN US The Insider’s Guide to Collecting, Investing, Values, and Trends Subscribe! June 2014 . Volume 26 . Number 6 FERRARI This Month’s Market Movers Up Close by Steve Ahlgrim 66 ENGLISH AUCTIONS What Sold, and Why by Reid Trummel 70 200 Vehicles Rated at Eight Sales RM 86 98 1972 Ferrari 365 GTB/4 Daytonas $781,000 / RM ETCETERINI 770,000 / Gooding There’s no slowing the Ferrari Express by Jeff Zurschmeide 72 1959 Austin-Healey 3000 Mk I BN7 $88,000 / RM Big money for a Big Healey GERMAN by Donald Osbor 74ne 128 142 1968 Datsun 1600 Roadster $50,600 / Gooding & Company World-record price for the world’s best 1600 AMERICAN 1958 BMW 507 Series II roadsters $1,815,000 / Gooding $2,420,000 / RM A $605k gap separates two 507 Series IIs by Dale Novak 78 RACE by Thor Thorson 80 116 Amelia Island, FL: A 1937 Delahaye 135 Torpedo roadster is the most expensive car of the Amelia weekend at $6.6m, pushing RM’s totals to $36m, with 89/91 sold — Carl Bomstead GOODING & COMPANY Amelia Island, FL: Blue-chip collectibles push totals to $31m, with 78 of 88 sold — Adam Blumenthal DAN KRUSE CLASSICS San Antonio, TX: DK hits a 52% sales rate and $1.4m overall when 81 out of 157 cars change hands — Doug Schultz BONHAMS Oxford, U.K.: A 1964 Bentley S3 Continental coupe makes $125k, and 39 other cars out of 59 offered sell, for $1.1m overall — Paul Hardiman ROUNDUP Highlights from Auctions America Fort Lauderdale, FL; H&H Buxton, U.K.; GAA Greensboro and Brightwells Herefordshire, U.K. — Pierre Hedary, Paul Hardiman, James “Killer” Grosslight 1958 Devin Special $88,000 / Auctions America A world-class kit car from the Okie Enzo 14 1966 Lola T70 Mk II Can-Am Spyder $286,000 / RM A beautiful weapon, but a poor collectible Cover photo: 1972 Ferrari 365 GTB/4 Daytona; ©2013 Pawel Litwinski, courtesy of RM Auctions Sports Car Market

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60 Amelia Island Concours d’Elegance COLUMNS 20 Shifting Gears Why we’re taking a serious look at today’s collector car market Keith Martin 44 Affordable Classic The 1978–83 Porsche 911SC keeps getting better and better Jim Schrager 54 Legal Files Is it really illegal to export newly purchased foreign cars from the U.S.? John Draneas 58 Simon Says Oil billionaires love cars — but not vintage sports cars Simon Kidston 76 The Cumberford Perspective The 507 is BMW’s most beautiful car — and Albrecht Goertz’s best design Robert Cumberford 170 eWatch A Nobel Peace Prize medal brings $1.1 million at auction Carl Bomstead FEATURES 46 Collecting Thoughts: Are we in a price bubble? Industry insiders offer perspectives 60 2014 Amelia Island Concours: Sunshine and surprises at one of the year’s premier concours 16 Sports Car Market 62 Winter Park Concours: 12 years of summer in winter DEPARTMENTS 22 Auction Calendar 22 Crossing the Block 26 The Inside Line: Your planning calendar for upcoming concours and motoring events 30 Contributors: Get to know our writers 32 You Write: Overpriced cars, casual engine swaps and $88k for a Lotus Elan 34 Display Advertisers Index 38 Time Pieces: The stunning Ari watch 38 Neat Stuff: Over the river without a bridge; Maserati around your neck 40 In Miniature: 1954 Maserati A6GCS Pinin Farina Berlinetta 40 Book Review: The A-Z of Three-Wheelers 94 Fresh Meat: 2013 SRT Viper coupe, 2012 Lotus Evora IPS, 2013 Aston Martin V8 Vantage convertible 124 Glovebox Notes: 2014 Volkswagen Touareg TDI Sport SUV 152 Rising Sun: Recent sales of Japanese collector cars 158 Mystery Photo: “Keith, is this really necessary just to attend the Silver Auction in Fort McDowell, AZ?” 158 Comments with Your Renewal: “Come hell or high water, I AM going to purchase a great collector car (’63 SWB?) before I need to renew this three-year subscription!” 160 Showcase Gallery: Cars for sale 164 Resource Directory: Meet your car’s needs Marc Emerson

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Shifting Gears Keith Martin Buy, Sell or Bubble? We think it’s important that our readers hear diverse opinions on the present market “What’s My Car Worth,” which will be shown on Velocity starting in early summer, I had the opportunity to drive a diverse group of cars. Each drive lasted only 30 minutes, so it was like a four-wheeled wine tasting, having small samplings from an extremely varied offering. We shot at RM’s Amelia Island auction, and then traveled south to Fort Lauderdale to cover the Auctions America sale. I had the chance to drive a pair of 289 Cobras, a Maserati Ghibli SS 4.9, a Healey 100-4, a Morgan Plus 4 roadster, an Allard K3, a 1960 Corvette, a Mercedes 300SL Roadster, an alloy-bodied Jaguar XK 120, a Fiat 600 Jolly, a Willys Jeepster — and more. Each car spoke with its own voice, and the better prepared the car, CSX2421 — a wonderful driver and well-loved car — sold for $990k T he collector car market is steamrolling along with the largest price increases we’ve ever seen. From 2009 to 2013, combined sales of all the auctions in Monterey jumped from $120m to $308m. That $188m increase in four years represents a 157% change, and a return of 26.6% per year. For Scottsdale, from 2010 to 2014, combined sales went from $126m to $253m. That’s a 101% increase, and an annualized return of 19%. The Dow Jones Index, which has reached record heights this year, began 2009 at 8,776 and ended 2013 at 16,576. That’s a 90% increase, and a yearly increase of “only” 13.6%. In theory, if you bought a passel of cars in Scottsdale in 2010 and sold them in 2014, you could have beat the stock market by 50%. If you decided to do the same thing — but bought and sold your cars in Monterey — your investment would have more than doubled compared with the same amount invested in the stock market. By comparison, standard savings accounts have yet to reach the grand benchmark of paying 1% a year. Expert opinions There’s no question that significant changes are happening in the market. But are they long-lasting, and do they reflect a basic change in the way our society and investors value automobiles? Or are they a flash-in-the-pan, a “bubble” that is nothing more than a temporary Beanie Baby-style feeding frenzy that will eventually collapse upon itself in a flurry of plummeting prices? It’s a question that’s on all of our minds; more so as record prices are set at nearly every auction. So, SCM decided to bring together some of the key players in the collector car market — auction company representatives, investors, dealers and brokers — and put the question to them. How long can collector cars increase at 26% per year or more? Are cars overpriced, or simply making up for lost ground since the crash of 1990? Are all cars skyrocketing, or just the cream of the crop? Are outside investors with little collector experience skewing the market? Will enthusiastic collectors with limited resources be squeezed out of the market? Their responses to these questions and more — unvarnished and direct — begin on p. 46. We’re not saying that we agree or disagree with their varied analyses of the market, but at the very least they are providing you, our informed readers, with information and perspectives that you simply won’t find anywhere else. Ride and drive I’ve been busy the past few months, and I savored a lot of seat time in some very special cars. As a part of shooting new episodes for 20 the clearer the statement it made. The difference between the Cobras was telling. The Amelia car, CSX2421, consigned by SCMer Dan Mershon, drove brilliantly. It had the feel of a car that had been owned, driven and loved by an enthusiast for an extended period of time. It wasn’t a concours car, but it had a consistent appearance, and was very attractive in white. It sold for a very respectable $990,000. CSX2023, the silver Cobra I drove in Fort Lauderdale, was solid but just not as well put together. The body panels weren’t to the standard of the RM car, the interior showed more wear, and it felt like it had not been recently owned or loved by a Cobra fanatic. It simply needed some care and feeding. It had been upgraded from its original 260-ci engine to a 289, and had worm-and-sector steering, which is less desirable than the rack-and-pinion steering on later cars. If I hadn’t driven the white car, I’m sure I would have been more enthralled. But in a direct comparison, it was the white car I would have taken home. However, the silver car sold for $825,000, and I could do a lot of fettling for the $165,000 difference in price. Aside from the Mershon Cobra, the cars I would have liked in my garage were the Ghibli (sold at $181,500), the Healey ($62,700) and the Morgan ($30,250). All three were extremely well sorted, and a pleasure to drive. Test driving a car you are interested in buying at auction is critical. To the frustration of auction company specialists, it’s not unusual for a car to show up unsorted. Shiny paint and fresh chrome are sometimes paired with less-than-perfect brakes, sticking throttles, inoperative gauges and other challenges. None of these things should stop you from bidding on a car, but you’ll be much happier if you are aware of issues before you bid than if you discover them after the car is shipped to your home. Trust me, I know this only too well. The Healey, Ghibli and Morgan all started, stopped and handled well. While none of them were perfect cars, they had a friendly feel to them, as if they had been properly taken care of and maintained to a good standard. I had a brief affair with each of these cars — and said goodbye in the morning with a smile. They each taught me something, both about the marque and how a nicely maintained example should drive. Desert Concorso From Fort Lauderdale, I crossed the country to share emcee duties at the inaugural Desert Concorso with SCM contributor Donald Osborne and historian Michael Lynch. March in Palm Desert is a very nice place to be, with temperatures in the 70s and 80s, and not even a hint of rain. The event, modeled after Monterey’s Concorso Italiano and with the same owners, was a great success. The setting at Shadow Mountain Resort was superb, the cars, ranging from a classic Maserati 450S to a brand-new Pagani Huayra, were outstanding, and both participants and audience alike smiled all day long. ♦ Sports Car Market Drew Shipley ©2014, courtesy of RM Auctions

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Crossing the Block Tony Piff Images courtesy of the respective auction companies Bonhams — The Greenwich Concours d’Elegance Auction Where: Greenwich, CT When: June 1 Web: www.bonhams.com Last year: 74 / 99 cars sold / $5.3m A 1975 Lamborghini Countach LP400 “Periscopica” headlines this annual sale, held in association with the Greenwich Concours d’Elegance. The unrestored Lambo boasts a single owner since 1978 and has been driven fewer than 16,500 km since new (Bonhams estimate: $450k–$550k). Other important consignments include a concours-restored 1960 AustinHealey 3000 BN7 convertible, very well documented from new, including all original purchase paperwork; a 1974 Toyota Land Cruiser FJ40, restored to stock specs in Nebula Green; a 1948 Chrysler Town & Country convertible; and a 1959 Jaguar XK 150 S 3.4 roadster with known history from new, matching numbers and only three owners. The Jag’s recent restoration has garnered more than 50 concours wins and 100-point JCNA status. Leake — Tulsa 2014 Where: Tulsa, OK When: June 6–8 Web: www.leakecar.com Last year: 470 / 691 cars sold / $11.8m Leake predicts 750 cars in Tulsa this time around. The sale takes place in the 448,000-square-foot River Spirit Expo Building. This year’s star cars are a 1970 Plymouth ’Cuda, a 1937 Ford coupe, a 1970 Chevelle SS convertible and a 1933 Ford coupe. Leake’s simultaneous dual-auction-block show will blow your mind. Mecum Auctions — Seattle 2014 Where: Seattle, WA When: June 13–14 Web: www.mecum.com Look for Mecum’s solid mix of high-quality American muscle, customs, pickups, Corvettes and pre-war Classics at this first-ever sale, held at the CenturyLink Field Event Center in the heart of downtown Seattle. Mecum predicts 600 cars. Silver Auctions — Car d’Lane Weekend Where: Coeur d’Alene, ID When: June 14 Web: www.silverauctions.com 22 1975 Lamborghini Countach LP400 “Periscopica” at Bonhams Greenwich Last year: 51 / 118 cars sold / $803k This sale coincides with Car d’Lane Car Show weekend in scenic Coeur d’Alene, ID. The star car is a 1964 Chevrolet Corvette convertible. The biggest sale of the weekend last year was a 1951 Buick Super at $103k, but average sold price is decidedly affordable, down below the $20k mark. Russo and Steele — Newport Beach 2014 Where: Newport Beach, CA When: June 19–21 Web: www.russoandsteele.com Last year: 105 / 343 cars sold / $6.5m Russo and Steele always brings a unique mix of sports cars, muscle cars, exotics and customs at a broad range of price points. The top five at Newport Beach last year included a 2008 Bugatti Veyron at $1m, a 1968 Aston Martin DB6 at $457k and a 1970 Oldsmobile 442 W-30 at $270k. Average price per car was $62k. Their unique auction-inthe-round format puts bidders Auction Calendar Email auction info to: chad.tyson@sportscarmarket.com. MAY 1–3—VICARI Nocona, TX 2–3—SMITH’S Springfield, MO 2—MOTOSTALGIA Houston, TX 3—WORLDWIDE Montgomery, TX 5—SHANNONS Melbourne, AUS 7—SILVER Spokane, WA 8–9—JAMES G. MURPHY Brothers, OR 8–10—AUCTIONS AMERICA Auburn, IN 9—COYS Monte Carlo, MCO 9–10—ELECTRIC GARAGE Calgary, AB, CAN 10—RM Monte Carlo, MCO 10—BONHAMS Rio Grande, NJ 10—VANDERBRINK Sioux Falls, SD 13–18—MECUM Indianapolis, IN 14—BRIGHTWELLS Herefordshire, U.K. 17—BONHAMS Newport Pagnell, U.K. 18—BONHAMS Francorchamps, BEL 24—SILVERSTONE Northamptonshire, U.K. 24—VANDERBRINK Murdo, SD 26—SHANNONS Sydney, AUS 30–31—LUCKY Tacoma, WA 31—DAN KRUSE CLASSICS Odessa, TX right in the midst of the auction action. MidAmerica — 28th Annual Twin Cities Classic Car Auction Where: Saint Paul, MN When: June 20–21 Web: www.midamericaauctions. com Last year: 105 / 172 cars sold / $1.9m Average price at this auction last year was about $18k, and the overall high sales were a 2012 Chevrolet COPO Camaro at $151k, a 1969 Shelby GT500 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. JUNE 1—BONHAMS Greenwich, CT 6–8—LEAKE Tulsa, OK 7—BONHAMS Oxford, U.K. 7—VANDERBRINK Enid, OK 13–14—MECUM Seattle, WA 14—COYS Athens, GRC 14—VANDERBRINK West Fargo, ND 14—SILVER Coeur d’Alene, ID 19–21—RUSSO AND STEELE Newport Beach, CA 20–21—RALEIGH CLASSIC Raleigh, NC 20–21—MIDAMERICA St. Paul, MN 21—H&H Rockingham, U.K. 21—SPECIALTY AUTO Greeley, CO 24—BARONS Surrey, U.K. 27—BONHAMS Chichester, U.K. 28—MECUM Champaign, IL JULY 5—ARTCURIAL Le Mans, FRA 5–6—SILVER Jackson Hole, WY 11–12—VICARI New Orleans, LA 11–12—SMITH’S Cape Girardeau, MO 11–12—AUCTIONS AMERICA Portola Valley, CA 12—BONHAMS Stuttgart, DEU 12—COYS Oxfordshire, U.K. 12—PETERSEN Roseburg, OR 16—BRIGHTWELLS Herefordshire, U.K. 19—VANDERBRINK Sabin, MN 23—H&H Buxton, U.K. 24–26—GAA Greensboro, NC 24–26—MECUM Harrisburg, PA 26—SILVERSTONE Northamptonshire, U.K. 26—RM Plymouth, MI 31–AUG 2—BARRETTJACKSON Reno, NV 31–AUG 2—B&T SPECIALTY Reno, NV Sports Car Market

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Crossing the Block Tony Piff Images courtesy of the respective auction companies When: June 21 Web: www.saaasinc.com Specialty consistently offers a strong mix of affordable collector cars at drive-away prices. In Greeley, there are sure to be plenty of restored and original muscle cars to choose from, some shiny customs, some European luxury and sports cars, and a few oddballs thrown in for variety. Bonhams — The Goodwood Festival of Speed Where: Chichester, U.K. When: June 27 Web: www.bonhams.com Last year: 54/63 cars sold / $54m It was here one year ago that 1970 Chevelle SS convertible at Leake Tulsa at $76k and a 1966 Shelby Cobra replica at $55k. American iron is the dominant theme, from street rods and souped-up muscle to luxury cruisers and preserved Corvettes to hard-working vintage 4x4s. H&H — Rockingham Castle Where: Rockingham, U.K. When: June 21 Web: www.classic-auctions.com Last year: 37/57 cars sold / $1.7m This auction takes place at Rockingham Castle in association with the Rolls-Royce Enthusiasts’ Club Annual Rally & Concours. The star attractions are a 1936 Rolls-Royce Phantom III sedanca de ville with coachwork by H.J. Mulliner (H&H estimate: $100k–$115k) and a 1936 Rolls-Royce Phantom III sedanca de ville ($40k–$60k). At last year’s sale, sold cars averaged $45k. The biggest sale of the day was a 1937 Bentley 4¼ Litre Vanden Plas coupe, sold at $226k. Specialty Auto Auctions — Greeley in the Summer 2014 Where: Greeley, CO the auction world was turned on its head, when the 1954 Mercedes-Benz W-196 “Silver Arrow” racer sold for $30m. Even removing that car from the equation, average price still exceeded $450k. For this year’s sale, the early consignments of note are a 1969 Lotus 49B GP racer, a 1949 Ferrari 166 Touring, a 1955 Austin-Healey 100S and a 1939/40 Aston Martin Atom. Mecum Auctions — Bloomington Gold Where: Champaign, IL When: June 28 Web: www.mecum.com Last year: 51/124 / $1.9m Average price per at last 1965 Chevrolet Corvette convertible at Silver Coeur d’Alene year’s Corvette-only auction was $37k. The two cars to break $100k were both ’67s, but Corvettes from every era will be well represented. Last year was the first time the event took place at its new venue in Champaign, IL, and prospects look great for 2014 and beyond. ♦ 1949 Ferrari 166 Touring at Bonhams Goodwood 24 1936 Rolls-Royce Phantom III sedanca de ville at H&H Rockingham Sports Car Market

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Inside Line Alex Martin-Banzer Send news and event listings to insideline@sportscarmarket.com. Bloomington Gold Events ■ The 19th Annual Green- wich Concours d’ Elegance is really two different concours — one for foreign cars and one for American cars — and a fantastic display of former America’s Cup 12-meter yachts. This year’s extravaganza is from May 31 through June 1. Concours Americana is on Saturday, May 31, while Concours International is on Sunday, June 1. Bonhams’ Greenwich Concours d’Elegance Auction is on June 1. The concours field is open from 10 a.m. to 5 p.m. each day. Admission is $30 per day or $45 for both days. Children younger than 12 get free admission. For more information, visit www.greenwichconcours.com. ■ The Ault Park Concours d’Elegance is 37 years old this year, and the theme is “Art of the Automobile — The Great American Design.” Ault Park runs from June 6 to 8, and it will be a busy weekend in Cincinnati, OH. On June 6, the “Crusin’ for a Cure” dinner and live auction will get things started. On Saturday, June 7, the Countryside Tour departs at noon for a scenic drive around the Cincinnati area, and ends in historic Augusta, KY. Saturday night brings a Hangar Party, with grand displays of luxury jets, and modern Maserati cars displayed 26 near vintage planes and classic cars. On Sunday, The 100th Anniversary of Maserati, 50 Years of the Mustang and Micro Cars will take center stage at this year’s Concours d’Elegance. For more information, including tickets, visit www.ohioconcours.com. (OH) ■ The 20th Gilmore Heritage Auto Show will celebrate “Mustangs at the Market — 50 Buckin’ Years of the Ford Mustang” at the world-famous Farmers Market in Los Angeles, CA, on June 7. This is SoCal, so expect a lot of cars, including plenty of American Classics, customs and hot rods. Admission is free to the public, so head on over from 11 a.m. to 5 p.m. to enjoy a classic El Lay mix of cars, Du-Par’s Pie Shop, Bob’s Coffee & Doughnuts and Magee’s Kitchen. www.farmersmarketla. com (CA) ■ Saturday, June 14, 2014, is the day a 24-hour race begins. Not just any 24-hour race, but the race. 24 Hours of Le Mans has delivered 81 years of emotion, thrills and passion, and this year will be no different. If you have that itch for a weekend getaway to France, here is the perfect reason to buy the plane ticket. For more information and tickets, visit www.24h-lemans.com. (FR) ■ The Italians have arrived in the Pocono Mountains, and they brought their European friends. Le Belle Macchine d’Europa begins on June 20, 2014, commencing three packed days of full throttling. Two of those days are reserved for high-speed driving at the Pocono Raceway. Concorso d’Elegance commandeers a day, allowing for an opportunity to see the exotic powerhouse cars at a standstill instead of the usual red blur. For more information, visit www.italiancarevents.com. (PA) ■ Nicknamed the “GrandGreenwich Concours d’Elegance daddy” of Corvette shows, Bloomington Gold will celebrate its 41st anniversary from June 27 to 29. These three days are a must for any Corvette owner. More than 400 exhibitors and swapmeet vendors will be on hand, as well as an area reserved to sell your Corvette to other attendees, a tour through the beautiful Illinois Countryside, and the world’s largest Corvette auction put on by Mecum Auctions. They will also be celebrating the 50th anniversary for all 1964 Corvettes by having a special display parking area of them. Pre-purchased admission is $15 for a single-day pass, $40 for a weekend pass. At-the-gate admission is $20 for a single-day pass, or $45 for a weekend pass. For more information visit bloomingtongold.com. (IL) ♦ Sports Car Market

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Sports Car Market EDITORIAL Publisher Keith Martin keith.martin@sportscarmarket.com; 503.261.0555 x 210 Executive Editor Chester Allen chester.allen@sportscarmarket.com; 503.261.0555 x 203 Art Director David Tomaro david.tomaro@sportscarmarket.com; 503.261.0555 x 202 Managing Editor Jim Pickering jim.pickering@sportscarmarket.com; 503.261.0555 x 208 Digital Media Director Jeff Stites jeff.stites@sportscarmarket.com; 503.261.0555 x 221 Auctions Editor / Photographer Tony Piff tony.piff@sportscarmarket.com; 503.261.0555 x 206 Associate Editor Chad Tyson chad.tyson@sportscarmarket.com; 503.261.0555 x 207 Editors at Large Colin Comer , Simon Kidston Copy Editors Yael Abel, David Tomaro Senior Auction Analysts B. Mitchell Carlson, Carl Bomstead, Dale Novak Paul Hardiman (Europe) Auction Analysts John Clucas (Australia), Daniel Grunwald, Jérôme Hardy (Europe), Norm Mort (Canada), Phil Skinner, Michael Leven, John Lyons, Cody Tayloe, Kevin Coakley Contributing Editors Steve Ahlgrim (Ferrari), Gary Anderson (English), Robert Cumberford (Design), John Draneas (Legal), Prescott Kelly (Porsche), Thor Thorson (Race Cars) Contributors John Apen, Diane Brandon, Marshall Buck, Dale Novak Miles Collier, Martin Emmison, Jay Harden, Paul Hardiman, Alex Hofberg, Ed Milich, Stephen Serio, John L. Stein, Jack Tockston CORRESPONDENCE Email service@sportscarmarket.com Customer Support www.sportscarmarket.com/helpdesk Fax 503.253.2234 General P.O. Box 4797, Portland, OR 97208 FedEx/DHL/UPS 401 NE 19th Ave., Suite 100, Portland, OR 97232 The information in Sports Car Market magazine is compiled from a variety of reliable sources. However, we disclaim and deny any responsibility or liability for the timeliness, use, interpretation, accuracy, and completeness of the information presented. All material, data, formats and intellectual concepts in this issue © 2014 by Sports Car Market, Inc., Automotive Investor Media Group and Automotive Investor in this format and any other used by Sports Car Market magazine. Copyright registered with the United States copyright office. Canada Post Publication Agreement #41578525 PRINTED IN USA SCM Contributors MILES C. COLLIER, SCM Contributor, is a retired business executive, practicing artist, investor, philanthropist and noted authority on vintage automo- biles. He nurtured his interest in art at Yale University, where he received a B.A. in Painting. When family business intervened, he received an MBA from Columbia University. He retired as Managing Partner of Collier Enterprises in 1995 and returned to painting. Today, he paints professionally. Collier is heavily involved with Stanford University’s Revs Institute, which now manages the Collier Collection Museum in Naples, FL. He recently hosted one of his prestigious symposiums on automobile connoisseurship. This month, he takes part in SCM’s State of the Market Roundtable — is the collector car market in a price bubble? — starting on p. 46. 30 JIM SCHRAGER, SCM Contributor, wrote for the 356 Registry and SCM for more than a decade, was a Contributing Editor for Porsche Panorama (the magazine of the Porsche Club of America), and wrote for Excellence and the Porsche Market Letter. He has written two popular books on vintage Porsches: Buying, Driving, and Enjoying the Porsche 356; and Buying, Driving, and Enjoying the Early Porsche 911. He owns about 20 vintage Porsches, which he attempts to keep on the road through all kinds of weather. He is a Clinical Professor at the University of Chicago Booth School of Business, where he teaches a popular course on strategy. He actively races his family’s 41-foot sailboat with his two boys on Lake Michigan. In this month’s “Affordable Classic” on p. 44, he explains why the 1978–83 Porsche 911SC is the car to buy now. STEPHEN SERIO, SCM Contributor, is the president and owner of Aston Martin of New England / Lotus Motorsports Inc. in Waltham, MA, although for the most part, vintage European cars are where his heart is. Serio blames his dad for this, because he brought home so many Matchbox and Corgi cars. His need to overindulge in vintage European cars of the 1950s and 1960s inevitably leads to coveting one more car. Recent garage inhabitants include a Porsche 356A Speedster and 356A European coupe, Ferrari 275 GTS and 246 GT, BMW 2002 and a Hudson Hornet. In this issue, Serio takes part in SCM’s State of the Market Roundtable, beginning on p. 46. DIGITAL AND BUSINESS Lead Web Developer Marc Emerson marc.emerson@sportscarmarket.com; 503.261.0555 x 212 Information Technology Brian Baker brian.baker@sportscarmarket.com; 503.261.0555 x 215 SEO Consultant Michael Cottam me@michaelcottam.com; 503.283.0177 Financial Manager Cheryl Ann Cox cheryl.francisco@sportscarmarket.com; 503.261.0555 x 205 Strategic Planner Bill Woodard Print / Promotions Manager Wendie Martin wmartin@enthusiastmediagroup.com; 206.427.1652 Intern / Blogger Alex Martin-Banzer Executive Producer, SCM Television Roger Williams roger_williams@earthlink.net ADVERTISING Display Advertising Account Executives Randy Zussman randy.zussman@sportscarmarket.com; 877.219.2605 x 214 Cindy Meitle cindy.meitle@sportscarmarket.com; 877.219.2605 x 213 Steve Kittrell steve.kittrell@sportscarmarket.com; 877.219.2605 x 211 Advertising / Events Manager Erin Olson erin.olson@sportscarmarket.com; 877.219.2605 x 218 Classified Advertising classifieds@sportscarmarket.com SUBSCRIPTIONS Subscriptions Manager Rich Coparanis rich.coparanis@sportscarmarket.com; 503.261.0555 x 217 Assistant Subscriptions Manager Cassie Sellman cassie.sellman@sportscarmarket.com; 503.261.0555 x 219 To order new subscriptions or for questions about current subscriptions 877.219.2605, x 1; service@sportscarmarket.com, fax 503.253.2234 M–F 9 a.m. to 5 p.m. PST @SportsCarMarket www.sportscarmarket.com

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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 several BMWs including a 502, a 1600, several 2002s and a 3.0 CS. Yes, but don’t tell anyone. I did drive the 507. Now that was a fun car to drive for a car built in 1957. As you would say, “Well bought and sold.” Thanks for a great magazine. — Park T. Roman, Vancouver, BC Casual engine swapping To the Editor: I like many of your articles, and I thoroughly enjoyed the one on my old OSCA 750 (s/n 769) in the April issue (April 2014, Race Profile, p. 80). It was indeed a great car to The original engine 774N from my chassis ended up in J.D. Igleheart’s car (chassis 757), where it still resides…. SCM’s superpowers To the Editor: I am a new subscriber to your fine magazine. I can hardly wait each month for a new copy to arrive. I immediately drop everything and read the magazine from front to back. SCM is well written and well done. I am writing to request your help. I got my first driver’s license in 1964 and immediately fell in love with a Corvette Sting Ray coupe. It was, and still is, the car of my dreams. Here is how you and SCM can help me in my quest to own one. You will write a “Shifting Gears” column detailing the total inadequacies of this car. Your column would state that no car owner — or collector — would ever want to own one of these cars. Robert Cumberford would write a perspective panning the car’s design; the hideous pop-up headlights; the too-tight cabin and so on. The value of the cars would soon plummet and then I would 32 scoop one up. I would no longer dream, but drive my dream. I promise to drive my new Corvette to your offices and give a ride to anyone who wanted. I would also buy everyone at SCM all the beer they could drink and all the Fritos they could eat. Thanking you in advance. — Gregg Wielage, La Jolla, CA Keith Martin responds: Gregg, thanks for thinking SCM wields this kind of automotive power. Still, if we did have this kind of horsepower on tap, don’t you think I would have used it for my own nefarious benefit? The fact that I don’t own an Alfa Romeo Tipo 33 Stradale, a 289 Shelby Cobra and a MercedesBenz 300SL Roadster proves that we don’t have this power. Or maybe we just haven’t used it yet…. Sometimes you shouldn’t sell To the Editor: I love your magazine, and when I can get my hands on a copy, I read it from cover to cover. I follow online too. Yesterday, while looking at the results of the Amelia Island auction, I got a great big smile on my face when I saw that a Series II 507 fetched $2.4 million (see the German Profile on p. 74 of this issue). I remember back in 1970, my dad came home and said he was going to buy a BMW 507. I was so excited that my father had come to his senses and was going to get a motorcycle! When I dropped by the next week, there was this gorgeous, red twoseater in the driveway. I didn’t know BMW made cars! He paid less than $5,000. The rule in the house was that if you were under 50, you couldn’t drive it. When my father passed away in 1989, none of the kids were close to 50, so mother sold it to a gentleman in Germany for what she thought was a princely sum (under $85,000). Over the years, I have owned own and race for all those years. I clarified an engine number conundrum in the article with Donald Osborne at Rétromobile, but the article had already gone to press. For those interested, I was told by J.D. Igleheart — who owned and raced his OSCA 750 since new — that in the early days, many of those racing OSCAs in the Northeast of the United States had their engines rebuilt at Chandler “Candy” Poole’s shop in Connecticut. They weren’t as concerned with serial numbers in those days, so if your engine wasn’t ready, you just took one that was and went racing. This is how my old car, chassis 769, ended up with engine 769N. As 769N was never originally assigned to a particular chassis, it was somewhat of a floater in the shop. The original engine 774N from my chassis ended up in J.D. Igleheart’s car (chassis 757), where it still resides — last I heard. His original engine was kept as a spare. If you’re still with me, I hope that clears up the engine-number mystery. — Oliver Collins, Toronto, ON Don’t do it in the Alfa! To the Editor: The other day, while I was with my girlfriend and driving on the back roads in my Alfa Romeo Spider, we talked randomly about anything. Life, kids, jobs, and, eventually, about a suicide that was in the news. I seriously mentioned that if I were to contemplate suicide, I would find a big oak tree on a corner, get extremely Sports Car Market Patrick Ernzen ©2013, courtesy of RM Auctions

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You WriAd Indexte We Read Ability Connection Colorado Concours. .... 115 Adamson Industries ................................... 141 AIG Insurance .............................................. 37 Alan Taylor Company, Inc ......................... 147 Amalgam- Fine Model Cars ......................... 51 American Car Collector ..................... 113, 162 Antiquorum .................................................. 37 Artcurial ....................................................... 59 Aston Martin of New England ................... 145 Aston Martin Select Dealers ........................ 63 Auctions America ......................................... 41 Auto Kennel ............................................... 149 Automobilia Monterey ............................... 140 Automotive Restorations Inc. .....................111 Autosport Designs Inc ................................ 147 Barrett-Jackson ...................................... 19, 37 Bennett Law Office ...................................... 96 Beverly Hills Car Club ............................... 114 Black Horse Garage ................................... 159 BMW Car Club of America, Inc. ................. 29 Bonhams / SF ................................... 23, 25, 27 Canepa ........................................................ 156 Carlisle Events ........................................... 121 Centerline Alfa Parts .................................. 108 Chequered Flag International ..................... 155 Chubb Personal Insurance ............................ 99 Cincinnati Concours Foundation ............... 101 Classic Assets Motorsports Center ............... 87 Classic Investments .................................... 126 Classic Restoration ....................................... 53 Classic Showcase ....................................... 131 Collector Car Price Tracker ....................... 166 Concorso Italiano ......................................... 18 Concours d’Elegance at the Wood ............... 56 Copley Motorcars ....................................... 151 Cosdel ........................................................ 167 DB Autosportif ........................................... 105 Dealer Accelerate ....................................... 117 Driversource Houston LLC .................. 95, 143 Elliot Atkins ............................................... 162 E-Types USA................................................ 89 European Collectibles ................................ 155 Exotic Classics ........................................... 134 Fantasy Junction ..........................................111 Ferrari Financial Services .......................... 151 Florian Seidl Industrieberatungen .............. 109 Forest Grove Concours ................................ 42 Fourintune Garage Inc ............................... 167 Gooding & Company ................................. 2–3 Greenwich Concours D’Elegance ................ 69 Grundy Worldwide ..................................... 157 GTO Engineering LTD ................................ 93 Gullwing Motor Cars, Inc. ......................... 145 Hahn and Vorbach ...................................... 133 Hamann Classic Cars ................................. 8–9 Heacock Classic ........................................ 143 Heritage Classics ........................................ 103 Hyman, LTD ...................................... 126, 129 Intercity Lines .............................................. 55 International Auto Group ........................... 127 JC Taylor .................................................... 123 Jeff Brynan ................................................. 162 JJ Best Banc & Co ..................................... 161 Kendall Bend Porsche ................................ 107 Kevin Kay Restorations ............................. 157 Kidston ................................................... 13, 15 L.A. Prep .................................................... 138 Le Belle Macchine d’Italia ........................... 57 Leake Auction Company .............................. 49 Legendary Motorcar Company .................... 43 Lucky Collector Car Auctions ..................... 28 Luxury Brokers International ..................... 114 Mac Neil Automotive Products Ltd ............. 64 Maserati North America ............................. 172 Mazda Raceway Laguna Seca ..................... 82 Mercedes Classic Center .............................. 35 Mershon’s World Of Cars .......................... 119 Mil Millas..................................................... 10 Misselwood Concours d’Elegance ............. 135 Morphy Auctions ....................................... 125 Motor Classic & Competition Corp. .......... 167 Motorcar Gallery ........................................ 156 P21S ........................................................... 159 Park Place LTD ............................................ 39 Passport Transport .............................. 160, 162 Paul Russell And Company ......................... 45 Pebble Beach Retro Auto ............................. 12 porsport.com .............................................. 149 Premier Financial Services ........................ 171 Putnam Leasing ............................................ 17 QuickSilver Exhausts Ltd. ........................... 83 Reliable Carriers .......................................... 79 Rick Cole Auctions ...................................... 11 RM Auctions .......................................... 31, 33 Road Scholars .............................................. 91 Russo & Steele LLC .......................... 4–5, 6–7 Silver Collector Car Auctions ...................... 65 Sports & Specialist Cars ............................ 145 Sports Car Market ...................................... 138 St Bernard Church ...................................... 163 Steve Austin’s Great Vacations .......... 154, 162 Swissvax USA, LLC .................................... 77 Symbolic Motor Car Co ............................... 21 T.D.C. Risk Management ............................. 37 The Auto Collections ................................. 141 The FJ Company ........................................ 137 The Stable, Ltd. ............................................ 97 Vail Automotive Classic ............................... 36 Vintage Car Research ................................. 162 Vintage Rallies ........................................... 145 VintageAutoPosters.com ............................ 167 Watchworks ................................................ 162 Zohar Marketing ........................................ 139 34 You Write We Read Your April edition’s auction reviews leave me sadly convinced that the hobby has become unfamiliar … intoxicated, polish one of my Alfa Romeos and find that oak tree at 100 mph! She looked over at me in silence. A grave look of concern and sympathy was on her face. She said, “You would do that to one of your Alfas?” I burst out in laughter. I had to pull over to the side of the road, I was laughing so hard. I love my Alfa Romeos — and my gal. Keep up the great work. One of the greatest joys in life is finding SCM in the mailbox! — Jonathan Hoffnagle, via email Are we in a price bubble? To the Editor: As a subscriber since 1994, a lifelong car guy, garage rat and longtime vintage racer, I feel compelled to write you. Your April edition’s auction reviews leave me sadly convinced that the hobby has become unfamiliar. Prices are escalating wildly, buyers are asset-based or speculators, and the inevitable price correction cannot come soon enough. Porsche 911RS over $1 mil- lion, and Toyota FJ40s selling either side of $100k. Huh? Shelbys, Dinos, Healey 3000s all long gone. Triumph TR6s, Sunbeam Tigers and Panteras are headed the same way. A longtime friend and car collector told me last week that he’s sold all his Ferraris and started buying hot-rodded 911s and Alfas of GTV and similar vintage. I’ll always be internally combustible, but it may be back to motorcycles for a while. — Alex Seiler, Rye, NY Keith Martin responds: Alex, you raise good questions about where this hobby is headed. Turn to p. 46 of this issue for our special roundtable, where experienced collectors, writers, brokers and owners of auction houses discuss where this market is right now — and where it may be going. $88k for a Lotus Elan To the Editor: After 41 years, I was ready to sell my 1973 Lotus Elan. It sold at the Gooding & Company Auction in Scottsdale, AZ, in January for what I believe is a world record ($88,000). I anxiously waited at my mail- box for my favorite magazine. What would SCM say? Well sold? Well bought? Nice car? Imagine my surprise when I rip off the wrapping, thumb to the proper pages — and find nothing about my Lotus Elan. Donald, what were you thinking? Every oddball Italian car gets a nice article, and we British fans only get five cars reviewed. I would threaten to cancel my subscription, but I am addicted like a junkie, so my best revenge will be a verbal thrashing the next time we meet. — Patrick Lind, via email Executive Editor Chester Allen responds: Patrick, we feel your pain — really. We do our best to carefully choose the cars for each auction report, but, inevitably, we don’t have space to cover all the cars. We’re sorry that your car was left out, but it wasn’t because of any bias. We hope you can get some consolation from an amazing sales price for your Lotus Elan. ♦ Sports Car Market

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Time Pieces by Alex Hofberg Large, well-capitalized companies with The Ari Watch is a $140,000 Bargain decades — in some cases centuries — of expertise and fame dominate the world of fine watchmaking. This is understandable, given the mon- etary barriers to entry in high-end watch manufacturing, but the power structure leaves little room for independent horologists, designers, innovators and entrepreneurs who want to break into the industry and introduce new designs to the collectors of the world. Luckily, there is AHCI. Established in 1983, the Académie Horlogère des Créateurs Indépendants, a nonprofit organization based in Zürich, Switzerland, supports and promotes the work of fledgling independent horologists through sharing of knowledge, technical advice, mentorship and fellowship. Their mission has three basic tenets: promoting the unique char- acter of hand-made timepieces, attracting the world’s most creative independent watchmakers, and helping young watchmakers build successful, sustainable businesses. The AHCI is a highly selective organization, with structured guidelines for candidacy. Eligibility is available only for individuals who are not part of an established horological organization. Each candidate must submit an original, handmade timepiece from their own workshop that meets or exceeds the high standards of the AHCI — and demonstrates the candidate’s extraordinary ability. Two AHCI mentors then examine the submitted timepiece and view the plans and work output from the prospective candidate prior to a vote of the general members on full candidacy. The candidate must then display their creations at least three times over four years prior to a final vote of full acceptance. One such candidate for full Details Production date: Current Best place to wear one: To the June 26 opening of “Rigoletto” at the Sydney Opera House in Sydney, Australia is best): Ratings ( Rarity: Off the charts Durability: Parts/service availability: Cool factor: I have never lusted after a modern watch more strongly membership — and the only female watchmaker ever nominated — is German-born Eva Leube. Her Ari watch — named after her son — is pictured. The Ari watch is remarkable for its incredibly dignified, simple beauty. The watch recalls two charac- Neat Stuff by Tony Piff White-collar details These neckties from the Maserati Collection range from more understated (such as a low-contrast, two-tone Trident pattern) to slightly less understated (polka dots with sports cars), but they’re all stylish, sophisticated and smooth as silk — quite literally. Made in Italy. $97.50 each from www. maseratistore.com Eva Leube (right) and her creation — the Ari watch, named for her son teristics: a precision, scientific regular clock combined with the classic stance and shape of the historic “Curvex” watches that were popular during the mid-20th century. Although the gear train in the Ari watch is modified from a watch made by Record caliber 302, the layout and fabrication of the plates and bridges that allow the movement to curve so sharply without a failure of the gear train to mesh properly is quite unique, and the gear train itself requires extensive modification. The Ari watch comprises 209 individual components, including a case made of gold or platinum, anti-glare sapphire curved crystals on the top and sides of the watch, a manual-wind movement made up of plates and bridges of rhodium-plated brass, and 18 ruby jewels set in 18-karat gold jewel settings. The watch features a 40-hour power reserve, 30-meter water resistance and a shock-resistant balance wheel that beats at 18,000 vibrations per hour. In a marketplace that is somewhat saturated with elaborate, exclu- sive mass-produced time pieces, the AHCI exists to support independent horologists and innovation. Eva is that ideal, and her Ari watch is most assuredly innovative. The case exhibits a sweeping grace and acts as a tiny jewel box to house the elegantly simplistic movement. The bespoke nature of its truly handmade and hand-finished production allows the watch a status more closely associated with a work of art rather than a commodity. An Ari watch will set you back between $120,000 and $140,000 — depending on your choice of metal — so it is out of reach for many collectors. However, Eva claims it takes two years of production time for a handmade watch — she juggles work between the demands of her family, including two small children — so maybe it is a bargain. Hovercraftsmanship Mercier-Jones aims to bring the hovercraft to the masses — to the very well-heeled masses, that is. The company’s forthcoming “Supercraft” combines supercar performance, bespoke luxury details and amphibious versatility in a bold, eye-catching form unlike anything we’ve seen before on the road or on the water. An Amphicar it ain’t. $75,000 from www.mercierjones.com © 38 Sports Car Market

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In Miniature by Marshall Buck 1954 Maserati A6GCS Pinin Farina Berlinetta This masterpiece of Pinin Farina design — in the early days “Pinin Farina” was two words — is one of only four original A6GCS Berlinettas, and it is the only one that was bodied with the lower roof and rounded tail. Built in 1954 on chassis 2057, and displayed at the Turin Show, the car was rebodied as a Spyder one year later and renumbered 2086. In 1977, the original body was acquired by the car’s owner, Franco Lombardi. The car then sat for 17 years until a three-year restoration began in 1994. The original body was mated to another original A6GCS chassis (number 2070), along with an original engine. Thankfully, the car was restored to its original two-tone blue paint scheme with red seats and door panels. Shown here is a brand-new, 1:43-scale release of the restored car from NEO Scale Models. This particular Maserati has been modeled previously by three other firms: in 1:43 scale by ABC Brianza and ModelArt 111, and by Strada in larger 1:24 scale. I have three of the four models. I passed on Model Details Production date: 2014 Quantity: An estimated 750 to 1,200 in the original color. Expect more models in non-original colors SCM five-star rating: Overall quality: Authenticity: Overall value: Web: www.neoscalemodels.com. Their U.S. distribution site is www.american-excellence.com the ABC piece. The NEO model is far better, although it is authenticity-challenged. NEO always comes very close to correctly replicating details, colors and shapes, but they rarely put it all together in the final effort. They seem to struggle with the final 5% to 10% of the job. That’s where we are now with this model. Overall it is great, and it is one of their bet- ter productions. The model is not exact for the original or restored version, but is very close to both. NEO is also releasing the same model in Speaking Volumes by Mark Wigginton The A-Z of Three-Wheelers: A Definitive Reference Guide By Elvis Payne, Crécy Publishing, 304 pages, $29.62, Amazon The best of the Beat poets, Allen Ginsberg, once told a fellow eccentric to “follow your inner moonlight; don’t hide the madness.” Then he probably climbed into a Morgan three-wheeler — or should have. That proud and loud celebration of madness sums up this guide to three-wheelers throughout automotive history. And, it turns out, history starts at the beginning, as — according to A-Z of ThreeWheelers —the first self-propelled vehicle was a three-wheeler. It was the 1769 fardier à vapeur by Nicolas- Joseph Cugnot, which lurched into motion more than a 100 years ahead of Karl Benz’s first modern automobile. Cugnot’s creation wasn’t a car as much as a big ol’ wagon with a huge, honking boiler out front. It notably caused the first self-powered accident as well, crashing into a garden wall. No record exists that it generated the first insurance claim. Like many a passionate loon, Elvis Payne, a young man in the IT world in England, got into the three-wheeler subculture by accident. His stolen motorcycle needed replacing, and fate handed him a Reliant Robin, an iconic little car built in England from the 1970s and into the early 1980s. The Robin looks a bit like a homely Ford Fiesta with only one front wheel, but that didn’t stop Cupid’s automotive arrow. Payne fell in love with the Robin, and then the rest of the three-wheeler world, and in 2000 (being an IT guy) he created a website (www.3-wheelers. com) to share the madness. He has cataloged more than 1,000 vehicles in the book, from nearly 500 manufacturers, mainly European companies offering vehicles that either were small enough to avoid taxes or that didn’t need a license to drive — or both. 40 There are incredibly fast three-wheelers (the land-speed car “Spirit of America” and a whole host of current track vehicles) and incredibly spartan, scary three-wheelers (most of them) and even offerings from GM, Toyota and Volkswagen. Payne brings together a big, wide, wonderful world of as many shapes and sizes as you can imagine, creating a great place to wander and wonder at the spawn of out-of-the-box thinkers, tinkerers and risk-takers. Provenance: If you spend nearly two decades immersed in a subject, you are undeniably expert at it. Elvis Payne certainly has done the work, and if you don’t believe it, head to the website, which is more than 2,100 pages full of everything three-wheel. Fit and finish: Delightful images, simple layout and quality printing are three takeaways from this Nostalgia Road imprint for Crécy Publishing. Drivability: There is a great appreciation for the eccentric in many parts of the car world and the arts in general. And you really have to appreciate the tenacious dedication and focus the author has lavished on this little corner of automobilia. While it is easy to dismiss, the reality is A-Z of Three-Wheelers is a lot of page-turning fun. Like a well-orchestrated circus, nothing lasts long; the new stuff will amuse you, and then, poof, it’s gone and replaced by something else. But wherever you turn, there is good information about something few people have spent time learning about. At bottom, it’s just a giggle, and there is nothing eccentric about that. ♦ Sports Car Market three non-original colors. The body has a wonderful shape to it, perfectly capturing the essence of this berlinetta. The only miss here is that the sill/rocker panel on the passenger’s side doesn’t go down as far as it should. It is made at almost the same size as the slim, driver’sside sill that accommodates the double-stacked side exhaust pipes. The high-gloss paint finish is wonderful, but both shades of the two-tone blue appear to be a little too light in color. NEO’s generic wire wheels (used on many of their models) are nice, with delicate spokes. The finish has been dulled to simulate silver paint, but they are the wrong style. The grille is an okay version of what it should be. Just count the vertical bars — and discover that five of the 16 are missing. Very delicate photo-etched metal window trim has been perfectly fitted around all windows, which are clear as day. The sparse, well-made interior is easy to see. Although why is the face of the detailed dash the wrong color? It should be the darker blue. The seats and door panels should not be black. However, on the flip side, there are a number of perfectly modeled and attached fine-detail parts to appreciate on the body. The all-around fit and finish is noticeably better than on more expensive models from similar model manufacturers in this scale. Overall, at $70.95, it’s a good value.

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Affordable Classic 1978–83 Porsche 911SC Porsche’s No-Frills Performance Bargain Go-fast geegaws, such as turbo whale-tail spoilers, slant-nose fenders and monster rear flares do not add value by Jim Schrager 1979 Porsche 911SC, sold for $14,580 in 2011 T to appreciate. Yet here’s nothing more fun than buying, driving and enjoying a bargain sports car. Today, in our red-hot collector car market, most hope — and perhaps pray — that our purchases will continue the prospect of price appreciation someday is different than a bargain today. The 911SC is that rarity which represents a great value in today’s market. The 911SC saved Porsche from a botched response to U.S. emission controls imposed in 1974. Intended to be the rear-engine swan song, the 911SC instead proved to be a tremendously enjoyable and durable design. Long the everyday car of choice for many Porsche enthusiasts, the 911SC is well built, reliable, inexpensive to run, and just plain fun to drive. By 1978, the entire body and chassis were galvanized — except the bolt-on front fenders, which were added in 1981. Everyday rust that plagued Porsches from time immemorial doesn’t exist for the 911SC. Although rustproofing started in 1976, the 1976–77 cars have engine weaknesses — relating to emission controls — making them far less desirable than the 911SC. Maintenance for the long, fun haul Thirty years on, the 911SC engine has three areas of concern. First, most owners upgrade to “Carrera” oil-fed cam- chain tensioners, costing around $2,500 for parts and labor. 44 Next, the fuel-injection airbox can break with a backfire on start-up, so a special “pop-off” valve solves the problem at about $250 installed. Finally, head studs can fail after 30 years or so. When they do, you’ll hear a distinct “popping” on hard acceleration. Plan on $4,000 to do all 24, and you’ll be ready for another three decades of motoring pleasure. Transmissions are strong and long lasting — if shifted with a slight pause between gears. You can always tell a know-nothing Porsche pilot as he smashes gears from one to the next with a single, swift, sharp motion. If the 911SC you are looking at shifts hard or grinds between shifts, the sturdy 915 gearbox can be rebuilt to work like new for about $3,500. Used properly, the gearbox will last another 30 years — or more. Steer away from racer “upgrades” For the most part, “upgrades” are downgrades if you want a reliable, fun, durable car for the street. Most add-ons you see in Porsche magazines were developed for track use. Few help when driving a car on the street, and many trigger big trade-offs you probably won’t like. The biggest mistake I see people make is to go for the “Sports Suspension.” Gosh, that has such a nice ring to it, doesn’t it? I’m a good sport, I bet I’d like a sports suspension. I mean really, who wouldn’t? Details Years produced: 1978–83 Number produced: 35,607 coupes, 27,678 Targas and 4,187 cabriolets Original list price: In 1978, $19,500 for a coupe and $20,775 for a Targa. In 1983, coupes were $29,950, Targas were $31,450 and cabriolets were $34,450 Current SCM Valuation: $19,000–$22,000 Pros: A sturdy sports car that offers decades of fun at a bargain price — and may be the next Porsche to start the big value climb. Cons: Maintenance isn’t cheap — you should fork over about $7,000 for three necessary engine projects, but the car will pay you back for decades. Too many of these cars carry unneeded, silly boy-racer modifications. Best place to drive one: Everywhere, every day Typical owner: A knowledgeable Porsche fan who values high performance and great handling at highway speeds Club: Porsche Club of America More: www.pca.org Alternatives: 1983–85 Ferrari 308 GTB QV, 1980 Porsche 911 “Weissach” Edition, 1982 Porsche 911 Ferry Porsche Edition SCM Investment Grade: B Sports Car Market

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the 16-inch Fuchs forged alloys that came with most 911SCs delivered in the United States. Stick with the six-inch and seven-inch widths. If you go bigger or wider, ride quality will quickly deteriorate. Stay original and watch it soar 911SC prices remained constant from the mid-1980s for about two decades at $15k–$20k for a nice one. From Europe, in 2007–09, came the demand for original-paint, low-mile SCs (30k–50k miles) that would bring $40k or more. This price level hasn’t caught on in the U.S., but in general, prices are firming, and nice SCs can easily bring prices in the mid-$20k range — or more. Coupes, cabriolets and Targas trade at about the same money, even though SC cabs are quite rare. You’ll want an original interior and paint 1983 Porsche 911SC, a no-sale on a $12,500 bid in 2007 The answer is almost no one. Sure, if you want your 911SC to ride like a dump truck, by all means, be my guest. Although it will handle better at 120 mph that way, my problem is, on the street, I don’t often drive that fast. Or ever. Every part of every car is a compromise. Porsche carefully selected a balance be- tween track-style handling and ride comfort at normal road speeds. Stick with stock torsion bars and shocks to enjoy the suspension as originally engineered. Now, you can do anything you want; it’s okay with me. But don’t tell me it’s an upgrade. Wheels are another part of Porsche’s carefully selected suspension. For the best street ride, go with the standard-fitment 15-inch ATS “Cookie Cutters” in six-inch and seven-inch widths. If you want a firmer ride and better high-speed handling, select color, as well as stock body parts and drivetrain. Go-fast geegaws, such as turbo whaletail spoilers, slant-nose fenders, and monster rear flares do not add value, nor do maximus mondo engines. First 356 (1949–65) prices went stratospheric, now early 911s (1965–73) have followed, in some cases topping 356s. With the 1974–77 cars being less desirable, the next great Porsche to ascend as demand builds for vintage machines is the 1978–83 911SC. Long recommended by marque experts as an ideal car to own, no other Porsche, new or old, provides a better balance between ease of ownership and pure pleasure. Or as good a value. ♦ June 2014 45

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Collecting Thoughts SCM Insider’s Panel Are We in a Market B We asked industry leaders to weigh in on the stra prices of recent years ew Alcazar esident, Russo and Steele Scottsdale, AZ at do you think the is for the rapid inor car prices over rs? ollecting Though ollecting Thoughts SCM Insider’s Panel Are We in a Market B We asked industry leaders to weigh in on the stra prices of recent years ew Alcazar esident, Russo and Steele Scottsdale, AZ at do you think the is for the rapid in- or car prices over rs? T T 46 here’s a buzz in the air at every auction, concours and vintage race these days, and the noise boils down to one question: For the past three years, we’ve seen highlevel cars skyrocket in price. Are we in a bubble that will pop? We’ve asked a roundtable of auction-house principals, collectors, brokers and journalists to share their views on where the market is today. Collectin Collectin Collectin Collectin ecting Thoughts SCM Insider’s Panel Are We in a Market B We asked industry cting Thoughts SCM Insider’s Panel Are We in a Market B We asked industry leaders to weigh in on the stra prices of recent years ew Alcazar esident, Russo and Steele Scottsdale, AZ at do you think the is for the rapid in- or car prices over rs? T 46 here’s a buzz in the air at every auction, concours and vintage race these days, and the noise boils down to one question: For the past three years, we’ve seen high- level cars skyrocket in price. Are we in a bubble that will pop? We’ve asked a roundtable of auction-house principals, collectors, brokers and journalists to share their views on where the market is today. riod, riod, collector cars (particularly European sports cars built in limited numbers) perform well for increased value. Even in the worst-case scenario, a collector car will never be worth “zero.” Also, a collector car is something you can enjoy. Unlike a stock or bond note sitting in the desk drawer, you can actually have some fun playing with it at shows, rallies, races and events. There are many other related factors, but these two come to mind first. There appears to be a lot of “new money” flowing into the collector car business from “outside the traditional industry” sources. Do Sports Car Market

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“Even in the worst-case scenario, a collector car will never be worth ‘zero’” ou agree, and if so, why is this happening? If I take my auction hat off and cinch my nthusiast hat on very tight, this “new money” s a rather concerning phenomenon. Those of s who have enjoyed the hobby for 30 years or more have seen several corrections. When the market starts to glut with brokers (who have bsolutely no skin in the game) and cars are eing bought and sold without even knowing what color they are, it’s time to “skate with our head up,” as they say in hockey. Why is this happening? The exact same reason it always has. Just like the boom of the late 1980s, mid/late-1990s and mid-2000s: A rapid, exponential compounding of values. Be it a Hemi ’Cuda in 1998 or a 330 GTC today, look at the numbers. They scream “easy money” to the “new money.” In the long term, do you think this increase in prices will have a positive or negative effect on the collector car hobby? I strongly believe that we are now in a “world market” like never before in the history of car collecting. That is why I think certain values will continue to climb for the überdesirable, limited-production (or coachbuilt) blue-chip cars, such as Gullwings, 4-cams (of both the Cavallino and Stuttgart variety), event-eligible cars for world-renowned rallies, and competition cars with significant history. I think we have just started to see the tip of the iceberg on these values. Positive? With my auction hat on — hell yes! Ne enthusiast hat on — maybe, a sonal dreams of a 275 GTB/ Spyder California and Miura S seem to get farther out of re with each passing moment. Are we in a bubble? So observers think that collector c have been undervalued since 1 and have finally recovered. think they are overvalued no for a correction. What is your o Regardless of auctioneer or enthusiast, I do not believe we are in a “bubble.” We have indeed seen some leveling of values (particularly in the European sector) since Monterey last year. Granted, values are continuing to rise, but at a bit more conservative pace. Blue-chip European sports cars will continue to escalate in value. American muscle will continue to remain stable, with only the very best — well-vetted, fully documented, highly desirable models — enjoying a moderate increase in value. Same goes for pre-war Classics. A Pebble Beach-eligible candidate June 2014 will increase in value big-time. Just another dual-cowl phaeton equals stable values. Customs, hot rods and resto-mods will continue to be fun cars that cost a lot to build and sell for half-price or less. Barn finds are the flavor of the moment. However, true survivor cars (pristine original cars with 90% or more original EVERYTHING) will be coveted and rapidly rise in value as the appreciation for these cars continues to grow. Long response short, I believe we have just begun to enter a boom phase, and the übercollectible cars will continue to escalate in value. The world market continues to become more discriminating and demanding for “the best of the best.” With prices now starting to justify high-caliber restorations once again, the future looks very bright indeed. In truth, this is a hobby at the very core. As such, it is meant to be enjoyed, not necessarily hugely profited from. For large sectors of the market, we can once again buy and enjoy a collector car, properly maintain it, pay for the gas, insurance, storage, etc…. When we want to “trade up” (or across), most times the market today will have paid for our privilege of ownership. James Knight Group Head of Motoring, Bonhams London, England SCM: What do you think the primary rea- son is for the rapid increase in collector car prices over the past three years? I think two phrases come to mind: alternative investment and supply and demand. This is not to say that the wholesale growth of the market is a result of pure investors, as it is more a case o are liquid n bank) ng towards the collectors’ rcar market as opposed to tional havens such as stocks/ es/bonds, property, and of se, the banks — where the est rates are so low. The cols’ motorcar market showed growth up to the world firash of 2008, ever so slightly 2 months or so, and then grew on a steeper trajectory. It was at this time that we heard, time and time again, of people deciding to buy a car as opposed to effectively losing money by keeping it in the bank. So, although we have seen many new buyers come to market, and accepting a minority are just investors, the overwhelming buying base is populated by enthusiasts. There appears to be a lot of “new money” flowing into the collector car business from “outside the traditional industry” sources. Do you agree, and if so, why is this happening? See above. 1959 Aston Martin DB4GT — Bonhams sold it for $2.6m in 2013; in 1991, they sold one for $135k 47 In the l term, do you t this increas prices will h positive or n effect on the c car hobby? Positive. Are we in a bubble? Some observers think that collector cars have been undervalued since 1991 and have finally recovered. Others think they are overvalued now and due for a correction. What is your opinion? Having been in the industry since the early 1980s, I experienced the highs and lows of the late 1980s and early 1990s. It is natural to try to draw comparisons, but the economic situation was different — primarily in relation to interest rates and that so many buyers in the late 1980s had acquired motorcars with financed money. When interest rates shot up, it was a case of keeping the mortgage payment on the house — or keeping the payments on motor cars. The family home was naturally more important, and banks/finance houses repossessed cars. Supply was still there, but with a very low demand. I remember an auction of ours in about 1991, we had a Ferrari 275 GTB and an Aston Martin DB4GT. Both sold for the same money — about £80,000 ($135,000 U.S.). As to the question, the market was horribly undervalued in the early 1990s, so it is natural for the growth to rebalance. As for the future, there is no sign the market will slow down. What gives me confidence is that so many of the acquisitions made are from liquid funds; interest rates are very low, and the growth of the market has been underpinned by traditional North American and European markets. Emerging markets have contributed, but they have not been the game changers yet — but they will have their day. “The market was horribly undervalued in the early 1990s, so it is natural for growth to rebalance”

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Collecting Thoughts SCM Insider’s Panel Simon Kidston Founder, Kidston SA; car collector and SCM columnist Geneva, Switzerland SCM: What do you think the primary rea- son is for the rapid increase in collector car prices over the past three years? tion. In one word: speculaIn the past, when car values ebbed and flowed relatively gently, our world was largely populated by enthusiasts who bought out of passion and earned a living from their day job. I’ve just returned from the Essen show where — apart from incessant chatter about “the market” and how long the current boom will continue — many visitors’ conversations would inevitably turn to “I’ve started a new business.” They were surprised if you guessed they’d started dealing in classic cars. These people haven’t all suddenly fallen in love with old cars. They’ve just jumped on a bandwagon, but luckily for them, enough of their newfound clients know even less about cars than they do. There appears to be a lot of “new money” flowing into the collector car business from “outside the traditional industry” sources. Do you agree, and if so, why is this happening? “Cars haven’t gone up in value; money has gone down” Cars haven’t gone up in value; money has gone down. The stock market collapse in October 1987 — and Enzo Ferrari’s death the following summer — was interpreted by some as a quasi-mystical sign that the machinery built during his reign would never be repeated again, so traditional money looked for new homes and decided that investing in Ferraris would be the Next Big Thing. Fast forward a generation: A mountain of new money has been printed in the past five years, and it needs to go somewhere. Add to that a volatile stock market, tighter restrictions on cash transactions and offshore savings — then factor in the social acceptability of ownin old car — and you can see why ne money has flooded into our prev ously cozy domain. In the long term, do you thin this increase in prices will have a positive or negative effect on the c lector car hobby? Both. On the positive side, the increase in values means cars are better cared for, restorations are more likely to be done properly, and collectors are more demanding in terms of what they acquire. One downside is that it’s hard to see how the next generation of youngsters will be able to afford the cars we own today. Look around the lawn at any major concours and what’s the proportion of gray heads? Some cars become so valuable that owners daren’t take them out anymore, let alone race them. Is it a good thing for cars to disappear from view in funds and ultrasecretive collections? And last but not least, standards of behavior suffer as values escalate: A handshake or word aren’t what they once were. Cue lawyers, verbose contracts and less spontaneity. Are we in a bubble? Some observers think that collector cars have been undervalued since 1991 and have finally recovered. Others think they are overvalued now and due for a correction. What is your opinion? An old friend, longstanding car collector d SCMer, quotes Robert Shiller of Yale iversity, who claims he predicted the ot-com and housing bubbles. He lists he following symptoms of a bubble: 1. Rapid increase in prices. 2. People telling each other stories to tify the higher prices. . Envy and regret in not participating in the increasing prices. With the above three factors, there is what Shiller calls “an impulse to buy in because of the swirl of emotion.” Shiller added one more point: news media coverage. Next question? “The stock market collapse in October 1987 — and Enzo Ferrari’s death the following summer — was interpreted by some as a quasi-mystical sign ... so tradtional money looked for new homes and decided that investing in Ferraris would be the Next Big Thing” — Simon Kidston 48 Sports Car Market

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Stephen Serio President, Aston Martin of New England/ Lotus Motorsports Inc.; car collector and SCM contributor Waltham, MA SCM: What do you think the primary rea- son is for the rapid increase in collector car prices over the past three years? The perfect market storm has been brewing for quite some time, and we are now just seeing the effects in the car market. I see a couple factors in play: One is the abundance tril- of worldwide cash, lions of dollars, with fewer places to spend it. Not everyone needs to look at these objects of desire with the view of return on investment, as some folks have just always wanted and lusted after these cars and money is simply not a hurdle — it’s an enabler. Second, probably even more important, is that worldwide, classic cars have reached a new level of awareness and popularity within “We are all chasing a finite supply of fun, cool and desirable objects” our culture. Our mental fabric is bombarded with car events, cable shows (ugh), advertising, social media, video games and, of course, financial reports on investment — all on collector and classic cars. We are all chasing a finite supply of fun, cool and desirable objects. There appears to be a lot of “new money” flowing into the collector car business from “outside the traditional industry” sources. Do you agree, and if so, why is this happening? With the risk of sounding glib, this is a minority part of the collector world and what we in the trade may refer to as “dumb money” or the “last in, first out” group. If the market should correct for any reason, these are the groups who will get rightly and quickly burned. Any fund or group that tries to create an asset class within an ultra-niche market — based on the promise of a return on investment with little historical experience trading within this realm — creates a recipe for disaster. If one tracks the ever-present auction out- lier — the real “why did that car sell for such a crazy price?” — follow the money trail. A great many times, you’ll discover a new buyer is now smarter than the seasoned group of collectors, buyers and dealers in the room. In the long term, do you think this increase in prices will have a positive or negative effect on the collector car hobby? First of all, not every classic is increasing in value, and the grea June 2014 fallacy perpetuated by the me is that simple lie. Great A cars and the best of the B list continue to rise — like th things in life, such as art, r wine or watches. The other 9 shall remain just old cars. People spend hard-earned money on cars for three reasons: 1. To treat themselves to something memo- rable to drive. 2. To appreciate as art. 3. Or, as seen recently, with an eye turned toward potential asset allocation. We know the first two reasons to buy col- lector cars can lower your blood pressure — or heighten your adrenaline and make you smile. The jury is still out long term on the third excuse. The potential negative effect will be when those who are in it for the love of the classic or collecting interact with those who have an abundance of greed but a lack of knowledge. Nothing takes the joy out of a hobby as quickly as being ripped off. Are we in a bubble? Some observers think that collector cars have been undervalued since 1991 and have finally recovered. Others think they are overvalued now and due for a correction. What is your opinion? My answer to this remains simple: We are either seeing the beginning of the beginning of these new values or the beginning to the end of the recent rise. I don’t see a massive correction with great cars. A bubble would be built by just a run-up in false values created in a Ponzi-like scheme of the Greater Fool theory with the recent buyers. Lots of people have been waiting for that perceived merry-go-round to stop — especially longtime owners and true, old-school collectors. What those folks fail to notice is the worldwide expansion of interest in the hobby. I believe the base of the colr car pyramid has grown ly, coupled with the abunof available true cash — not d money. Also, along with uyers, we have a mature collector base that is not running away from their passion, and they’re not bailing out en masse. Let’s revisit this in another year. Colin Comer Owner, Colin’s Classic Automobiles; collector, vintage racer, author, SCM contributor and ACC columnist Milwaukee, WI SCM: What do you think the primary rea- son is for the rapid increase in collector car prices over the past three years? I think the primary reason is that most buyers have figured out life is short and there is no other place to park (no pun intended) money in something that has such a proven track record and, more importantly, provides a return that is literally priceless. Cars offer something that is wonderful to look at, unlimited visceral excitement, and an entire hobby filled with people that are thrilled to have you. I’ve owned a lot of stocks, yet I’ve never been invited to a “XYZ Company Shareholders Club annual convention,” and if there were such a thing I doubt we’d stand around and admire each other’s shares. There appears to be a lot of “new money” flowing into the collector car business from “outside the traditional industry” sources. Do you agree, and if so, why is this happening? Yes, I do see a lot of “new money” coming “We’re seeing one-off cars, unrestored cars and cars with incredible provenance bringing record numbers. To me, that means that collector cars have finally gained traction in the art world” 49 Courtesy of RM Auctions

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Collecting Thoughts SCM Insider’s Panel hy? Well, it is fashionable e days to go to an auction, y if it is televised, and . Obviously, collector cars are viewed as an extremely solid asset class, and one that also creates a desirable title: Car Collector. And if you just read headlines, you’d think it was a slam-dunk way to turn money. But we all know it isn’t, and thankfully, people just getting in seem to figure that out quickly. If you don’t love cars, and put that first with any illusions of them being an “investment” second, I would guess it could be a rude awakening. But all of us were “new money” once, so was there ever a point noticing that the new guys weren’t relevant? To continue, the hobby needs new money — it just needs to come from the right buyers, and by and large, I think we are seeing that today. In the long term, do you think this increase in prices will have a positive or negative effect on the collector car hobby? Is “both” an answer? Unfortunately, the new prices are driving out a lot of the old-line collectors, as many find they can no longer buy the car they want or afford to get back in after they sell their car. On the plus side, the new numbers have helped shake a lot of great cars loose. That has put a lot of significant cars into the hands of collectors that know the market will finally support whatever investment is needed to properly preserve, or in many cases, save, the cars. Are we in a bubble? Some ob servers think that collector cars have been undervalued since 1991 and have finally recovered. Others think they are overvalued now and due for a correction. What is your opinion? My opinion is the market is very frothy for certain cars, yet there are other cars and genres that are still significantly undervalued. So like any market, there will be segments that go up and those that will go down, but a wholesale correction? I don’t see that. The market continues to mature, and that’s good. You’ll hear it from almost everybody in the industry that today’s buyers are pre- dominantly end-users, and cars are going into stable, long-term homes. We all know that amplifies demand by the simple principle of eliminating supply. We’re also seeing one-off cars, unrestored cars and cars with incredible provenance bringing record numbers. To me, that means that collector cars have finally gained traction in the art world and, more importantly, with art collectors. After all, that is what many cars are — fine art. Look at these new record prices for automobiles and compare that to record prices in the art world. I think that a really small segment of truly important cars is just getting started. Nobody can make a blanket statement on the market as a whole — that’s ridiculous. You have to break it down into the many sub-segments it actually is and view each individually. Otherwise, you’re standing on a porch in California and predicting the weather on Long Island by moistening your finger and checking the wind. Miles Collier The Collier Collection/Revs Institute, SCM contributor and car collector Naples, FL SCM: What do you think the primary rea- son is for the rapid increase in collector car prices over the past three years? The primary reason for the increase in collector car prices over the last three years has been investors’ realiza- tion that the riskreturn associated with traditional financial investments is funda- mentally poor. Fed actions resulting in $14 trillion in debt, the concomitant need to artificially depress interest rates, the trashing of the dollar, and poor performance of international common stock equities all conspire to make investing in tangibles an attractive alternative. High-quality, collectible automobiles are reflecting this demand for safe places to park money. Add to this market condition, the growing realization of baby boomers that, “While the collector car market shows bubble-like characteristics, global macroeconomic factors will support this market for some time yet” given their ages, if they are to buy that special car, they should do it now. There appears to be a lot of “new money” flowing into the collector car business from “outside the traditional industry” sources. Do you agree, and if so, why is this happening? Recently, I have seen troubling signs of non-traditional investors entering the historic-car market. Most notorious has been the emergence of closed-end investor funds to acquire and hold cars for future appreciation as pure financial plays. There is an old saying that they never ring a bell at the top of a market. With the arrival of closed-end investment partnerships, they’re ringing a bell. In the long term, do you think this increase in prices will have a positive or negative effect on the collector car hobby? Rising long-term prices have mixed im- pacts on the collector car market. Most perniciously, the expectation of ever-rising prices attracts outside money that is looking only for financial performance. Simultaneously, expectations lead to more and more inferior product being offered to the market. From a positive standpoint, rising prices allow collectors more latitude in undertaking higherquality restorations. Are we in a bubble? Some observers think that collector cars have been undervalued since 1991 and have finally recovered. Others think they are overvalued now and due for a correction. What is your opinion? The answers I have given above would Media coverage and investment opportunity have brought “new money” to the collector car hobby 50 tend to set up my response here in favor of predicting an imminent bubble. Alas, no such consistency is possible. While the collector car market shows bubble-like characteristics, global macroeconomic factors will support this market for some time yet. Inflation, which has been held in abeyance by a weak, mismanaged economy, is beginning to appear. Ineluctably forced by global factors into instituting a taper, Fed Chairman Janet Yellen is predicting higher interest rates. This will damage the only bright spot in global common stock equities, which has been the U.S. stock market. I would expect a major equities blow-off, rising inflation and consequently, continued performance from alternate investments, such as fine art, real estate and other tangibles. So, no bursting of the collectible car bubble yet. Sports Car Market David Tomaro

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Collecting Thoughts SCM Insider’s Panel Ian Kelleher RM Auctions Los Angeles, CA SCM: What do you think the primary rea- son is for the rapid increase in collector car prices over the past three years? Within the last three years, the overall appreciation in collector cars has grown in a multitude of ways. The emergence of a new generation of collectors, coupled with a continuing interest in post-war sports cars, has fueled both the demand and the supply into the marketplace. The market has also seen the emergence of new technologies that allow for greater access to information and availability where it did not previously exist. The increase in prices is equally reflective of an informed clientele that has an appetite for the more rare, special and unique examples. There appears to be a lot of “new money” flowing into the collector car business from “outside the traditional industry” sources. Do you agree, and if so, why is this happening? In reality, I believe the “new money” con- cept people refer to is actually more reflective of a new generation of enthusiasts entering “The increase in prices is equally reflective of an informed clientele that has an appetite for the more rare, special and unique examples” into the hobby. Traditional markets have changed, new economies exist where they once never did, and we are seeing individuals who have succeeded in their respective fields enter into the hobby as serious collectors. They do so armed with a different set of collecting preferences and in many ways are more apt to take risks than the traditional collectors. This is more reflective of how society has changed overall and more in tune with today’s trends, irrespective of some of the conventional methods of how certain marques may have been valued in the past. I believe this is a trend that should be embraced, as the change is good and it fosters appreciation in areas where it may not have existed in the past. In the long term, do you think this increase in prices will have a positive or negative effect on the collector car hobby? As in any market, there are bound to be corrections and fluctuations over time. I do ot think that the classic car market is exempt from this. However, even if the immediate effects are negative, the longerterm ramifications of these fluctuations tend to show a trend to the increase in overall significance and desirability of the most rare models and marques — most of which do not lose significant ground after achieving stronger market worth. Are we in a bubble? Some observers think that collector cars have been undervalued since 1991 and have finally recovered. Others think they are overvalued now and due for a correction. What is your opinion? From our perspective, it does not appear to resemble the “conventional” financial bubble model. Informed and highly educated collectors are the end users in most instances, and the prices paid often reflect a value that is set in the public market, more often than not by multiple parties all competing at auction. Within the last 20 years we have seen certain areas of the collector car market increase more dramatically than others. This has consistently been driven by those not only with the ability to make outright purchases but also with the financial security to hold on to these “assets” through more volatile financial markets, while effectively limiting the sensitivity often seen in tradable commodities and stocks. ♦ “Nobody can make a blanket statement on the market as a whole... You have to break it down into the many sub-segments it actually is and view each individually. Otherwise, you’re standing on a porch in California and predicting the weather on Long Island by moistening your finger and checking the wind” — Colin Comer 52 Sports Car Market David Tomaro

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Legal Files John Draneas Where’s the Crime? A base-price BMW X5 sells for about $55,000 in the U.S., while the same car sells for about $155,000 in China Hampshire. From 2009 to 2012, the New Hampshire defendants ran a California company that purchased and exported 93 luxury vehicles to China. As is typically done, the cars were actually purchased by straw buyers solicited on Craigslist, who were each paid less than $1,000 for their services. The defendants secured phony driver’s licenses and addresses in New Hampshire for themselves and their straw buyers. That allowed them to title the vehicles in New Hampshire to take advantage of the lack of sales tax and mandatory insurance requirements in that state, which kept their business costs low. While the cars were being titled in New Hampshire, they were transported to Long Beach, CA, for shipment curred as soon as the titles were received. The defendants pleaded guilty, but they are not expected to serve any jail time. Stuttgart to U.S. to China and a big profit — or a big fine W e thought it was odd that our client’s Mercedes-Benz dealer was threatening to sue him for wrongfully exporting his car in violation of his agreement that he would not do so, exposing him to substantial liquidated damages. As we got into the case, we learned that this was a really big deal across the United States. Luxury-car manufacturers (Mercedes-Benz, BMW, Land Rover, Porsche and Lexus) are worried about a growing U.S. cottage industry that buys their new cars in the U.S. — and then promptly exports them to Asia, Russia and other parts of the world. The U.S.-based exporters are taking advantage of a huge arbitrage opportunity. For example, a base-price BMW X5 sells for about $55,000 in the U.S., while the same car sells for about $155,000 in China. A lot of the price differential is certainly attributable to tariffs, taxes, fees and other increased costs, but there is undoubtedly a substantial additional profit margin built in. The manufacturers are able to command higher prices in these countries, and they do. The U.S.-based exporters chip away at that. This is a growing industry that involves more than an estimated 35,000 cars. An Internet search will take you to several sites that say: “Click here, and we’ll teach you how you can make money at this, too.” It’s kind of a fledgling support industry. The manufacturers have responded by riding herd on their dealers, pressuring them to refrain from selling new cars to exporters — and creating their own blacklists for this purpose. One of their efforts has been to require their dealers to force their customers to sign agreements such as the one our client signed. Making a federal case The manufacturers have found a strong ally in the U.S. government. The Secret Service and the Department of Homeland Security launched investigations, and prosecutions and forfeiture actions have been filed against exporters in at least six states. The charges are based upon violations of U.S. Customs rules, mail fraud and wire fraud. So far, there has been only one successful prosecution, in New 54 Customs rules Customs laws and regulations quite clearly show that U.S. citizens are free to export used cars. However, to do so, they must submit a variety of required information about the car, such as title, VIN, data about the car and so on. The prosecutions have claimed that the freshly bought foreign luxury cars are really new cars. “It’s illegal for anybody other than an original equipment manufac- turer to export new cars overseas,” said BMW’s Ken Parks in a Forbes magazine article. Oddly, though, U.S. Customs laws and regulations don’t really seem to say that. In fact, U.S. Customs laws and regulations say nothing about ex- porting new cars. One could argue that the used-car rules make exporting them legal, so everything else must be illegal, but there isn’t much support for that. The used-car rules were adopted pursuant to the Motor Vehicle Theft Enforcement Act of 1984, the goal of which was to reduce trafficking in stolen cars. That doesn’t seem like a mandate for any broad interpretation of illegality. Under current U.S. Customs regulations, a used car is defined as one whose title has been transferred to an ultimate purchaser. All of the exported cars have been titled in the name of the purchasers — and have then been exported using their state-issued certificates of title. The prosecutions are based upon the theory that they are really new cars just made to look used on paper, as the straw purchaser and exporter are not “ultimate purchasers.” Ely Goldin, a partner in New York-based Fox Rothschild LLP, is defending several of these cases, and he points out that this interpretation is contrary to rulings of the U.S. Customs and Border Protection Agency. In 2013, an exporter had asked for a ruling that new cars purchased specifically for export in this manner were properly classified as “new.” The agency twice ruled that the cars were used because they had been titled. As far as they were concerned, that made the title holder the “ultimate purchaser” for purposes of the Customs rules, and the cars were used. Looking for a jury Jed Silverman, a Houston attorney who is defending cases in Texas, Sports Car Market to China, which oc

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South Carolina and New York, can’t wait to get to a jury. These issues have yet to be considered by a jury, and Silverman doesn’t think a jury will find any violation of law. “Our clients have no criminal history and are legitimate business- people. The government, in my opinion believes … that this is connected to international terrorism,” Silverman said. Goldin concurs that a jury will not believe that these are new cars. That flies in the face of common sense. These cars have been driven off the dealers’ lots and titles have been issued. People know cars go from new to used once their tires touch public pavement. A big setback The U.S. government suffered a major setback on March 31, 2014, when a federal judge in Ohio ordered the federal government to return the money and cars it had seized in a forfeiture case. The judge ruled that there was no probable cause that the cars and money were the products of illegal activity. The U.S. Attorney’s office was said to be “reviewing its options.” As a result, Goldin contends that “the government will have to aban- don the new-car/used-car distinction.” He predicted that future prosecutions will be limited to cases like the New Hampshire case, where the exporters use fraudulent licenses and residency documents — or other clearly illegal conduct. Goldin also said that a 2013 U.S. Supreme Court case involving books could support the proposition that there is nothing illegal about exporting these cars. In the book case, a naturalized U.S. citizen from Thailand figured out that identical English-language college textbooks were sold in other countries at substantially lower prices than in the U.S. Seeing an arbitrage opportunity, he had his relatives in Thailand buy books in local bookstores and send them to him. He then resold them, mostly on eBay, at a good profit. The Supreme Court ruled that, even though the textbooks contained a notice that they were authorized for sale only in the other countries and could not be exported, no copyright violation existed. Under the “first sale doctrine,” once the books were legally sold, the buyer was free to do with them as the buyer pleased. Where’s the crime? So just where, in all of this, do we find a federal crime? It doesn’t seem likely that any Customs laws are being violated. There does not seem to be any legal prohibition against exporting new cars, so violations could be based only upon filing false documents that misrepresent new cars as used cars, which doesn’t really seem to be the case. There are many examples of federal convictions for mail and wire fraud based upon the use of the mail and telephones for illegal activities. In these cases, there is no doubt that the exporters and their straw buyers are misrepresenting their intentions to car dealers when they buy cars that would otherwise not be sold to them. But they are paying full value for the cars, so can it really be fraud? Or is it simply a civil matter? Wasting taxpayers’ money Please indulge “Legal Files” and allow a personal opinion. Just why is our government wasting taxpayers’ money on these ridiculous prosecutions? Without question, the exporters are frustrating the car manufacturers’ schemes to maximize profits by charging higher prices in markets where they are able to do so. But that is just the manufacturers’ chosen business model, and it is their problem if enterprising people can easily thwart their business model. It is simply not appropriate for our government to use our criminal laws to safeguard the profits of foreign automobile manufacturers. We’ll keep track of this topic, and look for updates in a future issue. ♦ JOHN DRANEAS is an attorney in Oregon. His comments are general in nature and are not intended to substitute for consultation with an attorney. He can be reached through www.draneaslaw.com. June 2014 55

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Simon Says Simon Kidston Black Gold and the Ferrari 400i Having the wherewithal to indulge your whims is one thing; sharing the same tastes as us is another of new Italian supercars — a canceled order from Brunei which had never been delivered. Upon checking the chassis numbers, none of the cars appeared among the 349 which the factory claimed to have built. It’s questionable whether most of the one-offs would have passed safety and emissions rules in other countries, but when you rule yours, that’s hardly an issue. One celebrated manufacturer built some real turkeys for Brunei, never expecting they would see the public light of day. Years later, a colleague of mine was asked to value them for possible auction sale. Upon calling his contact at the factory in question seeking information, the upper-class British voice at the other end of the line fell strangely silent, followed by: “Oh dear, I’d hoped this day would never come.” Serious car collectors A generation later, we’re all wiser, and Sheikh chic is a little-seen arena of the collector car world T his month’s column comes to you from 35,000 feet above the Arabian Gulf as Lufthansa flies me through the night back to Europe from the 10th Bahrain Grand Prix. Modern-day Formula One might not have an immediate connection to the car-collecting world, but you’d be surprised how many familiar motoring names had made the same journey, and yet how relatively few “major-league” classic cars live in the Middle East — for now... Ever since they hit the jackpot here in the 1950s, and black gold started flowing plen- tifully from the ground into their coffers, Middle Eastern millionaires have splashed out equally lavishly on high-performance road-going machinery. Early buyers favoured American luxury: Cadillacs, Lincolns and other chrome-laden plutocrat barges. In the late 1960s, it was V8 muscle with serious traffic-light attitude. Come the 1970s, a new, even-bolder generation with more petrodollars than they could spend scooped up Rolls-Royce Camargues, Lamborghini Countaches and Aston Martin Lagondas faster than you could say “OPEC.” Crazy money, crazier cars Most prolific of them all was the Shah of Iran, whose money-no-object patronage contributed to the creation of some flagship models (“Build me the Maserati 5000 GT!”) and who, by varying estimates, owned anything from 140 to 3,000 cars, mostly Range Rovers and Mercedes-Benz 450SLCs. One of my most vivid professional memories is handling the sale of 10 of the most decadent cars, which were kept hidden after the revolution and only spirited out of Iran many years later — all with almost delivery mileage and including the “time-warp” Lamborghini Miura SVJ for which actor Nicolas Cage paid a then-record $500,000. Taking over the Shah’s mantle as the Oil World’s “most” in almost every category, the Sultan of Brunei was rumoured to have amassed some 7,000 cars, almost all of them brand new and bespoke. In the dark days of the early 1990s, his custom provided muchneeded oxygen to recession-strangled supercar makers. Any qualms about good taste or brand image seem to have been casualties of financial necessity, along with promises of limited production already made to other clients. Without naming names, I recall an English dealer being invited to bid upon a package 58 the current crop of movers and shakers in the Gulf is just as likely to have been educated at Eton or Harvard as in Jeddah or Tehran. On the motoring front, they can probably recite the performance stats and Jeremy Clarkson put-downs of most super- cars better than you or I. Make no mistake, those who appreciate classic cars follow the Western scene intently. I was discussing a rare Facel Vega II recently with a young Arab royal when he interjected, “Simon, does it have the 392 Hemi and highcompression heads?” It was my turn to be speechless. Is Arab money on the way? The most recent standard-bearer for classic cars in the Gulf is a potentate with a soft spot for Aston Martins, Gullwings and Ferrari 400is (yes, you read that last one correctly). He buys them by the dozen and then commissions complete restorations by the relevant factories in his own palette of colours and with modern upgrades. If you’ve wondered where all the Aston Martin LHD DB4/5/6s have gone, now you know. So is there a tidal wave of Arab money waiting to come into the classic car market and push prices still higher? I doubt it. Having the wherewithal to indulge your whims is one thing; sharing the same tastes as us is another. With relatively few exceptions, most of the classics we’ve coveted since admiring them in our youth were never sold or raced over here, so there isn’t the same collective awareness of old cars. Nor are there any events of international standing in the region which would act as a focal point for enthusiasts and a catalyst for demand. And neither, of course, are the roads, maintenance infrastructure or climate ideal for enjoying cars that struggle enough in Miami or Milan when it gets hot, let alone Mecca. Desire can’t be forced or hurried, but you heard the Ferrari 400i tip here first. ♦ Sports Car Market

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Amelia Island Recap 2014 Concours d’Elegance Sunshine and Surprises on Sunday The freshly restored 1955 Cadillac Elegant Motorama show car was presented to the public for the first time in 58 years by Carl Bomstead The class winner was the 1948 Ford “Dunesmobile” convertible presented by the Hagerty Family Collection. SCMer Ralph Marano has managed to acquire virtually every Packard show car still in existence. Ten of his unique Packards, including the 1938 Eight that was shipped to Vignale, Italy, and hidden during World War II, were on display. Also in the display was the 1953 Balboa that was designed by Richard Teague, Packard’s chief stylist. It featured a unique canopy top with reverse-slanted rear glass. There was a special class for Chrysler concept cars, and the freshly restored 1955 Cadillac Elegant Concours d’Elegance winner — Bob and Anne Brockinton Lee’s 1937 Horch 853 T he 19th Annual Amelia Island Concours d’Elegance welcomed more than 320 amazing cars — and filled the 10th and 18th fairways of The Golf Club of Amelia Island with car lovers — on March 9, 2014. This year’s featured marques included Offenhauser-powered cars, Underslung automobiles and selections from the design house of Zagato. The 100th anniversary of Maserati and the 50th anniversary of McLaren attracted many wonderful cars to Amelia Island. Legendary Formula One driver Jochen Mass was the honoree, and he drove the 1977 McLaren M23 on the field to a warm greeting from the assembled crowd. It was the same McLaren he drove in nine races in 1977. The Amelia Island Concours is a world-class event, and it takes an entire weekend to fit everything in. It started in earnest on the preceding Friday, with the Eight Flags Road Tour and The Great Offy Drivers Seminar hosted by former British racer and TV commentator David Hobbs. The seminar panel included Indy 500 winners Johnny Rutherford, Bobby Unser, Al Unser Sr., Parnelli Jones and Louis Meyer Jr. This was a spirited group of drivers, and everyone enjoyed a lively discussion. On Saturday morning, the show field was turned over to Cars and Coffee at the Concours. Local car clubs and collectors displayed their prized automobiles, and the public was welcomed without an admission fee. The event continues to gain in popularity and is becoming a major part of the Amelia tradition. The Saturday Merchants of Speed Seminar included panelists Tyler Alexander, John Mecom, Bobby Rahal, Ray Evernham, Alwin Springer and Bob Tullius. This illustrious group shared fascinating back stories on their racing exploits. The RM auction was taking place at the other side of the Ritz, so it was a hectic, happy day. On Concours Sunday, the Florida sky was cloud- Details Plan ahead: The 20th Annual Amelia Island Concours is scheduled for the weekend of March 13–15, 2015 Where: The Ritz-Carlton, Amelia Island, FL, and The Golf Club of Amelia Island Cost: Admission to the Concours is $50, tickets to other events range from $25 to $300. Cars and Coffee at the Concours is free More: www.ameliaconcours.org 60 less, and sunshine, which had been elusive the previous few days, was abundant. The Amelia Concours always shows unique — and often eclectic — car classes. This year, nine unusual cars made up the “Beach Car” class that included the Meyers Manx Monocoque, Fiat Shellette and Wayne Carini’s Renault 4CV Jolly. 1955 Maserati A6G/54, helping to celebrate the marque’s 100th anniversary Sports Car Market Motorama show car was presented to the public for the first time in 58 years. The 1963 Buick Silver Arrow that was Bill Mitchell’s daily driver was also displayed. Mitchell’s Silver Arrow was from an era when GM executives could have a “special” car for their own use, and his car had a chopped roof, extended fenders and a special interior. Amelia always seems to find fascinating cars that are seldom seen in public. The Amelia Island Concours selects two Best of Show winners: one for Concours d’Elegance and the other Concours de Sport. The Concours d’Elegance winner was Bob and Anne Brockinton Lee’s stunning 1937 Horch 853. The Concours de Sport award went to the 1958 Scarab Mark II Sport Racer owned by SCM Contributor Miles Collier’s Revs Institute for Automotive Research. 2015 will mark the 20th anniversary of the Amelia Island Concours with Sir Stirling Moss as the honoree. I know founder and fellow SCMer Bill Warner will have something special up his sleeve to make the event even more spectacular. Don’t miss it. ♦ Marc Emerson Marc Emerson

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SCMers at Amelia Island Leah & Robert Adams — St. Petersburg, FL 1956 Cooper Bobtail Mk II Paul E. Andrews Jr. — Fort Worth, TX 1935 Duesenberg SJ553 H. DeWayne Ashmead — Fruit Heights, UT 1930 Packard 734 Speedster Runabout Richard Atwell — Fredericksburg, TX 1947 Ford Sportsman John Atzbach — Redmond, WA 1965 Shelby GT350 Lawrence Auriana — Greenwich, CT 1931 Maserati Tipo V4 Robert & Sandra Bahre — Alton, NH 1934 Hispano-Suiza J12 sedanca drophead coupe Howard & Diane Banaszak — Fort Lauderdale, FL 1953 MG David V. Uihlein Special John H. Barrett — Athens, GA 1971 Ferrari 365 Daytona NART Spyder Gary W. Bartlett — Muncie, IN 1965 Shelby Cobra 427 Competition Donald Bernstein — Dunmore, PA 1932 Ford Pinin Farina V8 cabriolet Brian & Sandy Blain — Visalia, CA 1912 Packard 30 racer 1967 McLaren M6A Bortz Auto Collection — Highland Park, IL 1955 Chrysler Falcon concept 1966 Duesenberg concept Mark & Newie Brinker — Houston, TX 1957 Bandini Saponetta Craig & Patty Brody — Weston, FL 1973 BMW 3.0 CSL lightweight Charles Bronson — Westlake Village, CA 1947 Delahaye 135M Charles & Debbie Bronson — Westlake Village, CA 1963 Cooper Monaco Kim & Stephen Bruno — Boca Raton, FL 1955 Alfa Romeo 1900 CSS Ghia Aigle Joe Buzzetta Motor Sports — St. James, NY 1964 Porsche 904 1968 Porsche 907K John & Suzane Campion — Jacksonville, FL 1970 Ferrari 365 GTB/4 Daytona Bruce Canepa — Scotts Valley, CA 1969 Porsche 917K 1972 Chevron B21 1985 Porsche 962C Wayne Carini — Portland, CT 1910 Reading-Standard 1933 Ford Louis Special 1961 Renault 4CV Jolly Chrysler Group LLC — Auburn Hills, MI 1954 Chrysler La Comtesse 1963 Chrysler Turbine Sharon & Richie Clyne — Las Vegas, NV 1908 American Underslung roadster Corky Coker — Chattanooga, TN 1913 American Underslung touring Bill Cord — Corona Del Mar, CA 1956 Fiat Eden Roc A. Dano Davis — Jacksonville, FL 1930 Miller Sampson Special 1958 Watson sprint car 1963 Watson Konstant Hot roadster 1986 Porsche 962 Ken & Kathy Dougherty — Houston, TX 1960 Maserati Tipo 61 Birdcage George Dragone — Westport, CT 1929 Bugatti Type 40 Grand Sport James Edwards — Show Low, AZ 1969 McLaren M6B/GT David Eichenbaum, Eichenbaum Family Collection — St. Petersburg, FL 1958 Fiat-Abarth 750 GT Zagato Eichenbaum Family Collection — St. Petersburg, FL 1904 Oldsmobile Model N Walter Eisenstark — Yorktown Heights, NY 1968 Maserati Mexico 1973 Maserati Bora Howard & Madlyn Fafard — Jupiter, FL 1927 Mercedes-Benz 680S June 2014 Gary Ford — Allentown, PA 1911 Regal Underslung Joe & Cynny Freeman — Boston, MA 1952 Kurtis-Kraft 500A Indianapolis Gregory Galdi — Atlantic Beach, FL 1975 McLaren M23 James M. Glickenhaus — New York, NY 1967 Ferrari 330 P3/4 Goodman Collection — Seattle, WA 1966 Ferrari 330 GT 2+2 Drogo 1969 Ferrari 365 Grintosa Daytona NART Spyder Paul Gould — New York, NY 1956 Chrysler Dart/Diablo Rick Grant — Dayton, OH 1966 Porsche 910 Griot’s Garage — Tacoma, WA 1967 McLaren M6A 1968 Lamborghini 400 GT 2+2 1969 Porsche 908/2 1977 McLaren M23 (Marlboro) Jim Grundy — Doylestown, PA 1908 National Touring The Hagerty Family Collection — Traverse City, MI 1948 Ford “Dunesmobile” Super Deluxe convertible Lynn & Michael Harling — Dallas, TX 1955 Mercedes-Benz 300SL Gullwing Steven Harris — New York, NY 1974 Porsche 911 RS 3.0 Jim & Jeannine Hascall — St. Petersburg, FL 1952 Jaguar XK 120 Edward I. Herbst — East Hampton, NY 1964 Bentley S3 Continental coupe The Herrington Collection — Bow, NH 1957 Ferrari 250 GT Tour de France Mark Hovander — Seattle, WA 1965 Shelby GT350 Kent & Melissa Hussey — Atlanta, GA 1955 Jaguar XK 140 MC/SE Mark & Kim Hyman — St. Louis, MO 1909 Renault Type V1 1969 Fiat Shellette Indianapolis Motor Speedway — Indianapolis, IN 1938 Maserati Type 8 CTF 1939 Wetteroth 1963 Watson 1972 McLaren M16B Edward H. Jelinek — Omaha, NE 1947 Jaguar SS Mk IV Gary Kachadurian — Hinsdale, IL 1985 Porsche 962 Fred & Dan Kanter — Boonton, NJ 1958 Chrysler Dual Ghia 400 Craig A. Kappel — Chatham, MA 1934 Packard Runabout Speedster Dave Kinney & Stella Koch — Great Falls, VA 1953 Studebaker Avanti R2 Peter Klutt — Halton Hills, ON, CAN 1967 Ferrari 275 GTB/4 George Koehn — Winter Park, FL 1932 Auburn 8-100A custom phaeton Irwin Kroiz — Ambler, PA 1962 Chevrolet Corvette Sebring racer Robert & Thomas Kurtz — Ridgefield, CT 1966 Porsche Carrera 6 Kevin Ladd — West Townsend, MA 1975 BMW 3.5 CSL Lane Motor Museum — Nashville, TN 1970 Fiat Mare Jon & Ellen Leimkuehler — Pittsburgh, PA 1925 Rolls-Royce Silver Ghost Playboy roadster Steve Leitstein — Woodmere, NY 1962 Chevrolet Corvette Guy A. Lewis — Pinecrest, FL 1952 Rolls-Royce Silver Wraith LWB William Lightfoot — Vienna, VA 1955 Siata 300BC Sport Spyder The Lingenfelter Collection — Brighton, MI 1955 Chevrolet Corvette Chuck Loper — Richfield, OH 1963 Maserati 3500 GTi The William Lyon Family — Newport Beach, CA 1965 Alfa Romeo TZ2 Malloy Foundation Inc., Tom Malloy — Corona, CA 1934 Miller Indy racer 1962 Lesovsky Indy roadster 1971 McLaren M8E 1978 McLaren M24B Andy Manganero — Xenia, OH 1968 Lamborghini Islero Sam & Emily Mann — Englewood, NJ 1914 American Underslung 642 1952 Chrysler D’Elegance J.W. Marriott, Jr — Bethesda, MO 1954 Maserati A6GCS Chris McAllister — Indianapolis, IN 1971 McLaren M8F Bruce R. McCaw — Bellevue, WA 1970 McLaren M8E/D Craig & Susan McCaw — Santa Barbara, CA 1928 Mercedes-Benz 680S Torpedo roadster 1972 Eagle Offy Bob McConnell — Urbana, OH 1955 Kurtis-Kraft 500D roadster Dana Mecum & David Burroughs — Walworth, WI 1967 Chevrolet Corvette Don & Diane Meluzio — York, PA 1959 Fiat-Abarth Record Monza Zagato Don & Liz Meyer — Lebannon, NJ 1895 Armstrong 6-passenger trap Lance Miller — Carlisle, PA 1959 Chevrolet Corvette David & Melissa Mohlman — Carmel, CA 1955 Mercedes-Benz 190SL Wellington & Janet Morton — St. Johns, FL 1930 Cadillac V16 town sedan John & Linda Muckel — Rancho Palos Verde, CA 1929 Duesenberg J126 Don & Carol Murray — Laguna Beach, CA 1957 Ferrari 400 Superamerica Gene & Ann Nau — Naples, FL 1932 Lincoln Model KB berline John & Sally Neas — Tulsa, OK 1956 Chevrolet Corvette SR David & Susanna Nelson — Akron, OH 1951 Ferrari 212 Inter Ghia alloy coupe 1966 Ferrari 275 GTS The Nethercutt Collection – Helen & Jack Nethercutt — Sylmar, CA 1904 Cameron Experimental J 1914 American Underslung 644 1958 Vespa 400 Dennis Nicotra — New Haven, CT 1956 Ferrari 250 GT Boano alloy Christopher F. Ohrstrom — The Plains, VA 1934 Bugatti Type 57 Jimmy Page — Boca Raton, FL 1956 Lancia Aurelia B24 Spider Robert Pass — St. Louis, MO 1903 Thomas 18 Passport Transport — Lebanon, MO 1938 MG SA Tickford drophead coupe Gale & Henry Petronis — Orlando, FL 1949 Bentley Mk VI Linda & Bill Pope — Paradise Valley, AZ 1955 Maserati 250F The Rahal Collection — Chicago, IL 1973 BMW 3.0 CSL The Revs Insitute for Automotive Research — Naples, FL 1948 Ferrari 166 1958 Scarab 1969 Porsche 908 LH John W. Rich Jr. — Auburn, PA 1939 Delage D-8 120S Carole & John Ridings Lee — Dallas, TX 1937 Bugatti Type 57C Atalante David Ritter — Tierra Verde, FL 1968 McLaren M6B Glenn Rudner — New York, NY 1958 Alfa Romeo Giulietta Sprint Veloce Zagato Ivan & Myrna Ruiz — Dawsonville, GA 1970 Maserati Ghibli Spyder Gary & Sandy Schaevitz — Bedford Corners, NY 1967 Ferrari 275 GTB/4 alloy Lisa & Leo Schigiel — Miami Beach, FL 1952 Mercedes-Benz 220 Cabriolet A Henry Schmitt, BMW of San Francisco — San Francisco, CA 1974 BMW 3.5 CSL Malcolm & Steve Schneer — Costa Mesa, FL 1956 DeSoto Golden Adventurer Ed & Judy Schoenthaler — Oak Brook, IL 1931 Cord L29 phaeton Michael Schudroff — Greenwich, CT 1952 Chrysler SWB Ghia prototype Phil Schwartz — East Hills, NY 1956 Chevrolet Corvette Walter Scott — South Londonderry, VT 1955 Arnolt Bristol Bolide Al Sedita Jr. — Tampa, FL 1967 Maserati Ghibli Tony Shooshani — Beverly Hills, CA 1921 Alfa Romeo G1 Simeone Foundation Museum — Philadelphia, PA 1933 Alfa Romeo 8C 2300 Monza Orin & Stephanie Smith — Vero Beach, FL 1958 Rolls-Royce Silver Cloud “Honeymoon Express” Jack & Dave Smittle — Westerville, OH 1956 MG TC S-type DeNean Stafford Family — Tifton, GA 1910 Rolls-Royce Silver Ghost Double Pullman limousine Peter Starr — Biddeford, ME 1961 Maserati 3500 GT Vignale Spyder Tom & Dee Stegman — Cincinnati, OH 1964 Alfa Romeo TZ1 Mike & “Ralph” Stowe — Boyne City, MI 1941 Buick phaeton The Suskin Collection — Atlanta, GA 1900 De Dion-Bouton Vis-à-vis 1925 Rolls-Royce Silver Ghost David Sydorick — Beverly Hills, CA 1956 Alfa Romeo 1900 Zagato 1961 Aston Martin DB4GT Zagato 2003 Aston Martin DB7 Zagato 2003 Aston Martin DB7 Zagato “Buck” Art Taxman — Port Orange, FL 1954 Cisitalia 33DF “Volo Radente” James Taylor — Gloversville, NY 1935 Bugatti Type 57 Stelvio Dean & Louise Trafelet — Chicago, IL 1960 Bentley S2 Continental Series B Jim & Nancy Utaski — Skillman, NJ 1955 Siata 208S Spyder The VENTO Collection — Miami, FL 1953 Allard K3 Francisco Vidal & Family — Hollywood, FL 1961 Bentley S2 Continental Flying Spur Don & Darby Wathne — Charleston, SC 1911 Rolls-Royce Silver Ghost Alexander & Billy Weaver — Greenville, SC 1965 Shelby Cobra 427 Charles Wegner — West Chicago, IL 1950 Alfa Romeo 6C 2500 Court Whitlock — Springfield, MO 1953 Kircher Special Susan & Henry Wilkinson — Atlantic Beach, FL 1965 Porsche 356SC Paul Wilson — Fairfield, VA 1931 Regal Underslung Model N Steve Wolf — Boca Raton, FL 1929 Duesenberg J142 LWB Murphy conv. sedan Herb Wolfe — Englewood, NJ 1957 Maserati 300S Pam & Lee Wolff — Chagrin Falls, OH 1925 Rolls-Royce Silver Ghost Richard E. Workman — Windermere, FL 1939 Mercedes-Benz 540K Special roadster Harry Yeaggy — Cincinnati, OH 1966 Ferrari P412 61

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Feature 2013 Winter Park Concours Escaping Winter in Winter Park A December concours with sunshine, special cars and a lot of car lovers Story and photos by Bill Rothermel Best in Show was SCMer Richard Mitchell’s 1929 Stutz Model M coupe with Lancefield coachwork W Details Plan ahead: The 13th Annual Winter Park Concours d’Elegance is scheduled for November 16, 2014 Where: Winter Park, FL Cost: Spectators are admitted free to Sunday’s concours More: www.winterparkconcours.com 62 hile most of the United States hunkered down for a brutal winter, auto enthusiasts assembled in warm, sunny Florida for the 12th Annual Winter Park Concours d’Elegance. The concours, which is now an entire weekend of events, brought out the crowds from December 8 to 10, 2013. More than 75,000 people attended Sunday’s concours, which takes place in Winter Park’s picturesque Central Park. This upscale town of 27,000 is near Orlando, making access easy for those traveling from outside the area. The entire weekend was blessed with perfect weather and sunny skies. Festivities began Friday with the duPont Registry hangar party at the nearby Sanford Airport. The evening featured 140-mph supercar rides (to benefit Kids House of Seminole) and Cirque du Soleil performers hanging upside down while pouring champagne. A lavish fireworks display capped off the evening. Saturday followed with the Tour d’Elegance ,which began with a progressive gour- met breakfast prior to departing from Winter Park’s Hannibal Square. After 60 miles of winding roads and surprisingly undulating terrain (including the highest point in Florida at 312 feet above sea level), the 75-plus cars arrived at the Windermere Country Club for the inaugural Concorso at Windermere. Classic wooden boats combined with tour vehicles — and other concours cars. Sunday’s concours honored Aston Martin, Jaguar and Chrysler. “Chasing Classic Cars” host Wayne Carini served as Grand Marshal for the 175-car field. The Chairman’s Award went to John and Lynn Cote’s spectacular 1961 Chrysler New Yorker station wagon. The HVA Award went to Keith Bailey’s 1910 Oakland 24 roadster buggy. The Founders Award was presented to the Premier Collection for their superb 1955 Mercedes- Benz 300SL coupe. The Judge’s Choice Award went to Richard and Shirley Hamilton’s stunning 1929 Willys Knight 66B Plaidside roadster. Best of Show was SCMer Richard Mitchell’s over- the-top, all-black 1929 Stutz Model M coupe with coachwork by Lancefield. For car enthusiasts, a word to the wise — go early and watch the cars as they enter the showfield. While this is a family-friendly event, the crowds are huge, which makes viewing — and photography — difficult. With Orlando nearby, lots of shops and restaurants, perfect Florida weather, and free admission to Sunday’s concours, this is a great atmosphere to bring the whole family. ♦ Tour vehicles at Saturday’s concours at Windermere Country Club Sports Car Market

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Ferrari Profile Amelia Island 1972 Ferrari 365 GTB/4 Daytonas In the fickle world of auto auctions, where ego often trumps common sense, these are pretty sensible results by Steve Ahlgrim Details 1972 Ferrari 365 GTB/4 Daytona Years produced: 1968–73 Number produced: 1,279 coupes Original list price: $19,500 Current SCM Valuation: $380,000– $550,000 Tune-up cost: $3,500 Chassis #: On frame above right front spring mount Engine #: Below head on rear passenger’s side of block Club: Ferrari Club of America More: www.ferrariclubofamerica.org Alternatives: 1971–72 Maserati Ghibli, 1969–70 Aston Martin DB6 Mk II Volante, 1966–72 Lamborghini Miura SCM Investment Grade: B Comps Chassis 15569, RM 1972 Ferrari 365 GTB/4 Daytona Berlinetta Chassis 15569 A n original sales invoice indicates chassis number 15569 was sold new by Luigi Chinetti Motors to Verby Equipment Company in New York. Ensuing maintenance invoices extending to 1976 demonstrate that Mr. Verby conscientiously serviced his Ferrari at the famous Greenwich importer. Mr. Verby kept the Daytona for close to 30 years and just 27,000 miles before passing it along to a couple of owners. It landed with well-known collector Lawrence Simon in 2007. Mr. Simon submitted the car for judging at the Ferrari Club of America’s International Meet at Corning, NY, in August 2007, where it won a Platinum Award, then at the Le Belle Macchine d’Italia — where the car received second place — and the Newport Concours d’Elegance (third place). The following year, 15569 was presented at the 2008 Cavallino Classic, where it garnered a third Platinum Award, as well as honorable mention in the Preservation Class. Other than the body having been repainted in its origi- nal shade of Rosso Ferrari, chassis 15569 remains overwhelmingly original. The heater, windows, radio, lights, horn and gauges all function properly, and the interior is completely original, including the trunk lining and the mouse-hair dashboard surface. Importantly, the exhaust system, the original smog equipment and the original suspension remain in pristine condition overall. Chassis 15569, accompanied by its original factory manuals and tools, as well as period documentation from Chinetti Motors, offers a rare opportunity to acquire a 66 near time-capsule 365 GTB/4 that has been sympathetically preserved, modestly driven, and well maintained its entire life. This car, Lot 176, sold for $781,000 at RM’s Amelia Island auction on March 8, 2014. 1972 Ferrari 365 GTB/4 Daytona Berlinetta Chassis 15741 The 365 GTB/4 Berlinetta presented here, chassis 15741, was completed as a North American-spec, lefthand-drive model, equipped with air-conditioning and finished in the classic sporting combination of Rosso Bordeaux over a black leather interior, which is what 15741 sports today. The Daytona was sold new by Canadian importer Luigi Della Grotta to Thurman Manufacturing in Columbus. In 1974, it was advertised in the United States with 3,800 miles on the odometer. The next owner purchased the car with 4,378 miles and used it sparingly over 12 years of stewardship. As of 1987, the Ferrari had been driven only 6,671 miles. The well-preserved Daytona was subsequently sold again in the early 2000s, then again in 2009. Paul Russell and Company was contracted to cosmeti- cally refresh the car while preserving as much of its originality as possible. It received a bare-metal repaint in the original Rosso Bordeaux as well as the repair of two small flaws in the original upholstery. Most recently, this superb Daytona has been Red Book 1971 Ferrari 365 GTB/4 Daytona Lot 126, s/n 14819 Condition 2Sold at $407,000 RM Auctions, Fort Worth, TX, 4/27/13 SCM# 216105 1971 Ferrari 365 GTB/4 Daytona Lot 784, s/n 14019 Condition 2Sold at $401,500 Auctions America, Burbank, CA, 8/3/13 SCM# 227155 1971 Ferrari 365 GTB/4 Daytona Lot 11, s/n 14643 Condition 3+ Sold at $649,000 Gooding & Co., Scottsdale, AZ, 1/17/14 SCM# 232067 Sports Car Market ©2013 Pawel Litwinski, courtesy of RM Auctions

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Chassis 15741, Gooding certified by the Ferrari Classiche department, confirming its originality and further elevating its status as one of the finest Daytonas extant. Displaying just under 11,000 original miles at the time of cataloging, this remarkable Ferrari has survived under thoughtful, expert care with its integrity intact. In addition to its inherent qualities and impressive file of receipts, a history report produced by Marcel Massini, the original factory books, tool roll, and the Classiche Red Book are offered with the sale of this car. This car, Lot 34, sold for $770,000 at Gooding & Company’s Amelia Island auction on March 7, 2014. SCM Analysis The Daytona was introduced with much controversy in the automotive community. The mid-engine mi- gration was in full swing during the period, with Lamborghini, DeTomaso, Lotus and Ferrari already fielding mid-engine models. It was expected that Ferrari’s newest flagship would follow suit, but instead they stayed with the front-engine Berlinetta design that had been so successful for them. It turns out Ferrari knew best, as the Daytona has proven to be one of the greatest cars of all times. Leonardo Fioravanti was a stylist at Pininfarina and not yet 30 years old when he was given the honor of designing the Daytona. He had already created a masterpiece in the 206 Dino, so trusting him with the new Berlinetta was not much of a risk. It’s said that he designed the car in just seven days. He would later go on to style the Berlinetta Boxer, F40, and 308 among many other classics that received his touches. A high-speed gem Mechanically the Daytona was a refinement of traditional components rather than groundbreaking technology. The 300-horsepower, 6-carb, 4-OHC, 3.3-liter V12 used in the 275 GTB/4 was juiced up to 4.4 liter and 352 horsepower. Power was transmitted through a 275-style rearmounted transaxle. The chassis also retained the 275’s independent wishbones all around. Considering the era, the Daytona’s performance is spectacular. For ex- ample, 0–60 mph is reached in just 5.4 seconds on the way to a top speed of 174 mph. While rightly criticized for heavy-handed urban manners, they are simply spectacular on the open road. Normal highway speeds are absolutely effortless. Crossing 100 mph and continuing upward, they pull like a locomotive, pinning you against the seat as the scenery turns into a blur. At upper speeds, the steering that feels ponderous around town comes into its own — confirming that Ferrari traded easy parallel parking for confident, high-speed touring. Driving a Daytona at speed should be on the bucket list of all enthusiasts. Chassis 15569, RM June 2014 Chassis 15741, Gooding 67 Adam Kurtz courtesy of Gooding & Company

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Ferrari Profile Chassis 15569, RM Dueling Amelia Island Daytonas It is interesting how similar our subject cars are. They are both low mileage and have good ownership history. They both have books and tools. They both have good history. They both are a rare, deep off-red color. They both are quite original despite having been cosmetically refurbished. RM’s car has a beige interior with wire wheels, and Gooding’s has a black interior with mags, but otherwise they’re pretty equal. The similarities extend to the sale prices of $781,000 for RM’s car and $770,000 for Gooding’s — a negligible 1.4% variation. In the fickle world of auto auctions, where ego often trumps common sense, these are pretty sensible results both in the amount and consistency. Train kept a rolling…. The concept of the Ferrari market being on an upswing is well known to any enthusiast with a pulse. The prevailing logic is that you can’t pay too much; you can only buy too early. That’s a dangerous course that devastated a lot of speculators in the late 1980s. I’m constantly hearing that the market’s sound and the 1980s won’t happen again. Fair warning: When you hear me buy into that idea, sell everything you have because the cards are falling. There was no great drama in these sales. Daytonas sold for $649,000 and $550,000 at Scottsdale several weeks before. The Amelia cars were better cars and great colors, so higher prices were expected. The Gooding car, with its lower mileage, name-brand restoration and Classiche certification, should have been the top sale, but RM’s beige interior, wire wheels and well-attended Saturday auction sealed the deal. If $781,000 wasn’t a record price for a Daytona, it had to be close. I’m already hearing $800,000 asking prices for ultra-low-mile cars, and I suspect that Monterey will push the bar higher. There’s not a bone in my body that feels these cars were good buys, but I know it won’t be long before we will be lamenting about when we could have bought a Daytona in the $700k range. Slap me hard for saying so, but I’ll call both sales a fair deal for all. The Ferrari express has left the station, and I don’t see anything slowing it down. ♦ (Introductory descriptions courtesy of RM Auctions and Gooding & Company.) Chassis 15569, RM 68 Chassis 15741, Gooding Sports Car Market ©2013 Pawel Litwinski, courtesy of RM Auctions

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English Profile 1959 Austin-Healey 3000 Mk I BN7 This is the model that catapulted Austin-Healey to the stuff of legend by Reid Trummel Details Years produced: 1959–61 Number produced: 2,825 Original list price: $3,051 Current SCM Valuation: $45,000–$60,000 Tune-up cost: $300–$400 Distributor cap: $25 Chassis #: Stamped on a rectangular aluminum plate attached to the firewall in the engine compartment Engine #: Embossed on an aluminum plate riveted to the left side of the engine block Clubs: Austin-Healey Club of America, www.healeyclub.org Austin-Healey Club USA, www.healey.org Alternatives: 1955–57 Triumph TR3, 1958–60 MGA, 1954–68 Morgan Plus 4 SCM Investment Grade: B Comps Chassis number: HBN7L1315 Engine number: 29DRUH1825 F ollowing the debut of the original 4-cylinder Austin-Healey 100 in 1952, and the subsequent change to the 6-cylinder 100-6 in 1956, the British Motor Corporation in 1959 launched the car that would become the defining model of the range: the 3000. As it had a 3-liter engine that could produce 124 horsepower, it was the most powerful “Big Healey” yet, and BMC undertook an ambitious competition program to demonstrate its prowess in circuit racing and in the grueling European road rallies. It is this very model, the two-seat 3000 Mk I, that fired the imagination of sports car enthusiasts around the world with victories in the most punishing events of the time. This is the model that Pat Moss, sister of Sir Stirling Moss, drove to an astounding 1st-place overall victory in the brutal and legendary 1960 Liège-RomeLiège Rally. It is also the model in which she won the Coupe des Dames at the Geneva Rally in 1960 and the Ladies Cup at the Tulip Rally the following year. Likewise, the Morley brothers, Don and Earle, scored an outright victory in the 1960 Alpine Rally in a two-seat 3000. Another factory team car finished 2nd in class in the 1960 12 Hours of Sebring, where it was bested only by a Ferrari 250 GT California. This model is prized by collectors for its no-compro- mise two-seat design, as it doesn’t have the family-car pretenses of the concurrent four-seat model. It is also cherished for its rareness, as only 2,825 of the 13,650 total 3000 Mk I production, just 20%, were two-seat 70 models. With production of the Mark I beginning in March 1959, this car, with a May 25–26, 1959, build date, is among the earliest examples of the model, further adding to its allure and collectibility. When it was originally dispatched to Chicago on June 4, 1959, it was equipped with all of the options available, which included the Laycock de Normanville overdrive. The overdrive, engaged by a toggle switch on the fascia, operates on third and fourth gears to produce a total of six gear ratios, which makes long-distance cruising comfortable and leisurely. This car was also equipped with wire wheels and road-speed tires, a laminated windshield, a heater, and an adjustable steering column, adding to the overall style and driving comfort of an already capable machine. These original manufacturing details, verified by the Heritage Certificate, provided the blueprint for the current restoration and are included in the car today. This car is equally at home on mountain and country roads, as the Mark I’s 162 foot-pounds of torque gives it brisk performance anywhere, while also still covering over 20 mpg. This example has traveled only approximately 500 miles since the completion of a professional ground-up, frame-off, bare-metal restoration. Photographs during and after the restoration process, as well as the original steering wheel, are also included. The quality restoration work shows a devotion to absolute authenticity, as NOS parts were applied, when available, and only the 1960 Austin-Healey 3000 Mk I BN7 Lot T260, s/n HBN7L4825 Condition 3 Sold at $19,260 Mecum Auctions, Houston, TX, 4/6/13 SCM# 215797 1960 Austin-Healey 3000 Mk I BN7 Lot 43, s/n HBN7L09487 Condition 2Sold at $42,178 Brightwells, Herefordshire, U.K., 12/28/12 SCM# 214707 1960 Austin-Healey 3000 Mk I BN7 Lot 651.2, s/n HBN7L189 Condition 2 Sold at $88,000 Barrett-Jackson, West Palm Beach, FL, 4/7/11 SCM# 177726 Sports Car Market Erik Fuller ©2013, courtesy of RM Auctions

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finest materials, paint, and bodywork were used. All rubber parts are new, as is the wiring harness, leather interior, top, carpets, chrome, side curtains with storage bag, and lead/bronze wheel hammer. Since the restoration, it has been properly maintained and inspected, and it is in immaculate condition. The sale of this rare car, which has been finished in what many consider to be the quintessential Big Healey color scheme of Healey Blue and Ivory, has benefited from a complete and correct restoration. It offers an outstanding opportunity to own a classic, defining example of the marque, and it is one that is in superb condition. SCM Analysis This car, Lot 117, sold for $88,000, including buyer’s premium, at RM Auctions’ Amelia Island, FL, sale on March 8, 2014. While many collectors focus on the Austin-Healey 3000 Mark III, series BJ8, as the most civilized, most luxurious and most spouseappealing model of the line, it is the 3000 Mark I that really defined the marque and catapulted it from its status as a merely popular sports car to the stuff of legend. The first Big Healeys — the 4-cylinder 100, 100M and 100S — were successful enough and earned a respected place among sports cars, but despite publicity-gaining efforts on the Bonneville Salt Flats and in several important races in the mid-1950s, they were never worldbeaters. They were often class winners, yes, but seldom first overall. Stumbling and recovering With the production of the follow-on model, the 100-6, the Big Healey briefly lost its way as a road car capable of respectable performance in competition. Initially, the 100-6 was available only as a 2+2, a configuration meant to increase appeal to young families, but performance suffered and competition successes were few. However, BMC recaptured the Healey’s mojo and took it to new levels when they added a strict two-seat model, soon followed by their increased competition efforts on the European road-rally circuit. These punishing contests of endurance on extremely challenging roads — some of which hadn’t been improved since well before World War II — offered the Big Healey a venue more suitable to its character, that of a tough, durable “hairy-chested” sports car. It’s no surprise that a later book about them was June 2014 71 titled The Handsome Brute, and at one point BMC even adopted the advertising slogan “The Last Angry Car.” Winning races and fame By the time the 3000 was launched in 1959 with both 2+2 and two- seat variants, it was the strict two-seater that was chosen for competition use. The corporate commitment to competition, while modestly funded, was ambitious, and it produced huge publicity as the two-seat 3000 began a string of impressive performances that elevated the marque to world-beater status and captured the imagination of the sports car-buying public. This example of the two-seat 3000 is a virtual poster-car; an arche- type in its classic Healey Blue and Ivory White two-tone paint scheme. If we have to cite something that needs correction, it would be only to remove the orange front turn-signal lenses and replace them with the correct clear lenses. All the money — but worth it While selling for well above the SCM Price Guide maximum of $60,000, this example was the subject of a recent complete restoration to a high standard. The authenticity even extended to keeping the correct 48-spoke painted wire wheels — a rare example of resisting the urge to add bling via 60- or 72-spoke chrome wheels. For Austin-Healey fans, this is a superb example of the line, and given its specification, condition and originality, I call it marketcorrect. ♦ (Introductory description courtesy of RM Auctions.)

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Etceterini & Friends Profile 1968 Datsun 1600 Roadster This may be the best Datsun roadster in the world, but what gives with the huge jump in price? by Jeff Zurschmeide Details Years produced: 1965–70 Number produced: 31,350 Original list price: $2,766 Current SCM Valuation: $6,000–$12,500 Tune-up cost: $200 Distributor cap: $68 Chassis #: Right side firewall Engine #: Right side firewall Club: Datsun Sport Roadsters Club Website: www.311s.org, www. datsun.org Alternatives: 1963–70 MGB, 1965–72 Alfa Romeo Spider, 1965–70 Triumph Spitfire, 1966–85 Fiat 124 Sport Spider SCM Investment Grade: C Comps Chassis number: SPL31117895 Engine number: R59801 T he Datsun roadster, lovingly dubbed “the Fairlady” in its Japanese home market, was built from 1963 to 1970. Although legend has it that it was designed as a copy of the MGB, in actual fact the Datsun model was launched several months prior to the MGB and therefore, any design resemblance is happenstance. Nevertheless, the car’s main competitors were considered to be the offerings of MG, Triumph and Fiat. The Datsun roadster was extremely popular, with over 40,000 being built over its 11 years of production by Nissan in Hiratsuka, Kanagawa, Japan. It was, however, considerably less expensive and more reliable than some of its European peers. In 1964, many upgrades were incorporated, engen- dered partly by Count Albrecht Goertz, and the new SP311 and SPL311 models were launched at the Tokyo Motor Show. With a new and more powerful 1,600-cc engine supplanting the 1,500-cc engine, and a top speed of 106 mph, the revisions were noteworthy. In the United States, the new, more-desirable roadster was marketed as the Datsun Sports 1600. This car This Datsun 1600 SPL311 is a perfect example of the model. Appearing here in its original colors of Silver Grey Metallic (code #666) and smart red vinyl bucket seats, this roadster was meticulously restored last year. Originally purchased in Arizona, the car was quite original at the commencement of the restoration and is 72 what might affectionately be called a “true survivor.” The Datsun was totally disassembled, the body stripped and repainted, and then finished to replicate the factory-original presentation. All components were inspected and refurbished to original specifications, with the majority of NOS and replacement parts obtained direct from Datsun Parts in Northridge, CA. The brightwork was replated by Frankford Plating in Philadelphia, PA, and Trim Specialties of Lambertville, NJ, was commissioned to install the canvas convertible top and correct vinyl interior in complementary red. Several desirable upgrades were made to the car during restoration, including the installation of a Datsun 5-speed manual transmission to facilitate highway cruising, and a hidden radio amplifier to make that cruising ultimately more enjoyable. The car has accrued approximately 42,000 miles, and only 1,000 since the completion of the restoration. The consignor has entered the roadster in several events and notably has won First in Class and Best in Show at the Datsun Region Meet at Watkins Glen and the Antique Automobile Club of America Senior Award at Hershey in 2013, after which it was requested for display at the AACA Museum. Numerous awards, badges, and trophies accompany the sale of the car. The 1600 roadster is additionally accompanied by its original data plate, documented photo history of the restoration with receipts and records, and several original Datsun publications as well as its original transmission. 1969 Datsun 2000 Lot 138, s/n SRL31108295 Condition 2Sold at $8,250 Auctions America, Carlisle, PA, 4/30/11 SCM# 177810 1968 Datsun 1600 Lot 204, s/n SPL31121068 Condition 4 Sold at $7,040 Leake, Oklahoma City, OK, 2/23/13 SCM# 215403 1967 Datsun 1600 Lot 76, s/n SPL31113818 Condition 2Sold at $20,350 Dan Kruse Classics, Smithville, TX, 3/2/12 SCM# 197063 Sports Car Market Adam Kurtz, courtesy of Gooding & Company

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SCM Analysis This car, Lot 6, sold for $50,600, including buyer’s premium, at Gooding & Company’s Amelia Island, FL, sale on March 8, 2013. There’s something about high-end car auctions that makes people lose their sense of proportion. When you see people bidding into the millions of dollars on one-of-a-kind vehicles, spending a measly $50,600 on a nice sports car may seem like a screaming bargain. That’s the only rational way to describe what happened at Amelia Island with this lovely little Datsun 1600. The best in the world? First, let’s acknowledge that this is without a doubt an expert resto- ration on an attractive, classic sports car. The restorers clearly spared no expense — the exterior and interior fit and finish is at least as good as the day it was delivered from the factory. The car has been carefully resprayed in its original color. The engine bay is clean and stock, as is the trunk. Even the retrofitted 5-speed transmission — sourced from the more-powerful 2000 roadster — has been nicely integrated, with a matching shift pattern on the console. This is deservedly an award-winning car — possibly the best Datsun roadster outside of the Nissan museum. Yes, this may be the best Datsun roadster in the world, but it’s still a Datsun roadster. Whether you call this car an SPL311, a Fairlady, or just the Datsun 1600, this model has never received the recognition it deserves from the sports car community. There’s little on an MGB of the same year that is not equaled or exceeded by the Datsun. Net horsepower was identical at 95. Where MG delivered a straight-cut first gear until 1968, Datsun gave you four synchronized gears from the beginning of the 1600 line in 1965. The MG was just over $100 cheaper in 1968, but the two cars are alike in so many ways that it’s hard to explain why the Datsun never caught on. The SCM Price Guide lists the price range for the MGB at $10,000– $16,000, which is substantially higher than the $6,000–$12,500 range expected for the Datsun. SCM gives the MG a higher investment grade as well. A stratospheric result All this is a lot of insider baseball, but it points to the central ques- tion — why did this Datsun, as nice as it is, rate a purchase price of $50,600? There’s nothing in auction history that comes close to this price. The previous high-water mark for the Datsun 1600 roadster was $20,350 in 2012 — and the same car had sold previously in 2004 for $6,400. In the entire SCM Platinum Auction Database, only five Datsun 1600 roadsters have ever exceeded $10,000, and only two have exceeded $15,000. Among the more powerful — and far less common — 2000 roadsters, the high bid (but no sale) for a top-flight car was $45,000 in 2010, yet a very nice condition 2 car sold the following year for just $8,250. Catching a rising tide? So what’s the rationale for the incredible price of this sale — a lot of cocktails and some sentimental memories? Perhaps, but it’s more likely that the buyer sees the day coming when having the very best Datsun roadster left in the world will be worth that kind of money. Enthusiasts have long predicted that these cars would eventually rise in value as collectors finally recognize their appeal, and the true believers have been waiting a long time to be proven right. Maybe their moment has finally come? Honestly, it seems likely that there’s a more subtle market force at work. This feels like another case of the very best cars taking off for stratospheric prices, while the vast majority of condition 2 and condition 3 cars will see prices remaining fairly constant — languishing around $6,000. We will soon get another clue to this puzzle, as this auction result should bring a few more nicely kept 1600 and 2000 roadsters out of hibernation and across the block. We’ll keep an eye out for those cars in Monterey this summer, but until then, let’s call this one very well sold. ♦ (Introductory description courtesy of Gooding & Company.) June 2014 73

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German Profile Column Author Two BMW 507 Sales at Amelia Island Membership in an elite collection explains why one sold for $605,000 more than the other during the same weekend by Donald Osborne Details Years produced: 1956–59 Number produced: 253 Original list price: $11,000 Current SCM Valuation $950,000– $1,300,000 Tune-up cost: $1,950 Distributor caps: $500 Chassis #: Plate on the firewall, stamping on the chassis near right front suspension pickup point Engine #: Right side of the block Club: BMW Car Club of America Website: bmwcca.org Alternatives: 1957–63 Mercedes-Benz 300SL Roadster, 1954–55 Lancia Aurelia B24 Spider America, 1956 Maserati A6G spider SCM Investment Grade: A Comps BMW 507 Chassis 70134 (Gooding & Co.) onstructed in late 1957, it just 34 examples of BMW’s 507 were officially exported new to the U.S. Over the years, the 507 was a frequent participant in C many BMW Vintage and Classic Car Club of America events, taking part in a variety of shows, tours, and special BMW Holidays. Most recently, the 507 made the journey from Colorado to New Mexico, where it was proudly displayed at the 2011 Santa Fe Concorso. Today, this 507 appears to have never been subject to a complete restoration and remains in strikingly original order throughout. As 507s continue to join major collections, it has be- come increasingly difficult to find such a desirable car for public sale, let alone an example such as this, with remarkable originality and a well-known provenance. Presented here is a matching-numbers 507 that has been the undisputed centerpiece of a highly regarded, singlemarque collection for almost 30 years. BMW 507 Chassis 70156 (RM Auctions) It is safe to say that Malcolm Pray was among the 507’s admirers when it was first offered, which was about the same time that he was getting his own start in selling German automobiles. He was further influenced by an encounter with a fellow Greenwich resident, Al Mitchell, who was an airline pilot who happened to own a 507. After an inquiry from Pray, Mitchell located this car in Pennsylvania, still with its original owner, Alan Friedland. Friedland was an enthusiastic participant in Sports Car Club of America races during this era. 74 is believed that this 507 was sold new to the United States through Hoffman Motors of New York. According to the research of marque experts, Surviving records indicate that Friedland drove his 507 in the Northeast Ohio Regional Races of the SCCA. The car was purchased by Mr. Pray, who became its second owner, on August 17, 1972, and he would never sell it. In the 1980s, the interior was reupholstered in red Connolly leather, new Wilton wool carpeting was installed, and the interior wood was replaced or repaired as necessary. In 1997, the 507 underwent more significant work, with all trim removed, repaired and reinstalled. In 2006, the body was stripped, minor scratches and dents were repaired, and all panels were refinished in Graphite. The Pray 507 was equipped at the factory with a Becker Mexico radio, as well as with two of the most desirable items: Rudge wheels and a removable hard top. The 507’s original 155-hp Series II engine, number 40167, was recently offered to the Pray Estate. Its authenticity to this chassis was confirmed by the 507 Registrar of the Historic BMW Club Germany, Wolfgang Niefanger, and BMW Classic. The original engine was acquired, fully rebuilt, and is now offered with the purchase of the car. SCM Analysis 1958 BMW 507 chassis 70134, Lot 21, sold for $1,815,000, including buyer’s premium, at Gooding & Company’s Amelia Island sale on March 7, 2014. 1958 BMW 507 chassis 70156, Lot 152, sold for $2,420,000, including buyer’s premium, at RM Auctions’ Amelia Island sale on March 8, 2014. I wrote a profile of a 1957 BMW 507 for the February 2008 SCM (German Profile, p. 58). It was of a car sold at the RM London sale in October 2007. It sold for a healthy $893,104 (£1.00=$2.056), which at today’s exchange (£1.00=$1.681) would have been $730,152. In 1959 BMW 507 Series II Lot 128, s/n 70203 Condition 1 Sold at $990,000 RM Auctions, Phoenix, AZ, 1/19/12 SCM# 192669 1958 BMW 507 Series II Lot 127, s/n 70180 Condition 2 Sold at $1,650,000 RM Auctions, New York, NY, 11/21/13 SCM# 231684 1958 BMW 507 Series II Lot 115, s/n 70183 Condition 3Sold at $962,500 Gooding & Co., Scottsdale, AZ, 1/20/12 SCM# 191589 Sports Car Market Mathieu Heurtault, courtesy of Gooding & Company

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that piece, I wrote about how the 507 came to be at the behest of legendary importer Max Hoffman, and how his well-chosen target price of $5,000 was doubled. The 507 and sister 503 2+2 coupe and cabriolet had no association besides the blue and white roundel. The BMW 507 was a failure when new — but it was a glorious fail- ure, as so many great beauties in history have been. Nevertheless, the 507 has achieved blue-chip status as a collectible automobile because of its stunning looks, rarity, and driving experience — in that order. Not that there’s anything wrong with falling for a car for its loveliness — as Lorelei Lee so truthfully declared in “Gentlemen Prefer Blondes”: “Don’t you know that a man being rich is like a girl being pretty? You wouldn’t marry a girl just because she’s pretty, but my goodness, doesn’t it help?” Appraising very similar cars A trained professional appraiser begins a credible value opinion with an object’s attributes of value. These are the factors that make a particular object of interest more — or less — desirable to the market. They can, and usually do, include the presence of original driveline components — especially the engine — original body panels, factoryinstalled performance options or rare accessories, certain colors, and of course, condition and provenance. These individual attributes are very important when comparing two very similar objects —say, two 1958 BMW 507 Series II roadsters that sold on the same weekend — and determining price differences. The whole can indeed be greater than the sum of its parts when it comes to selling cars at auction. Impressive results from the sale of many single-owner car collections happen over and over in collector car auctions around the world. This “power of collections” is especially potent when the collection is well-curated. This can make the provenance attribute take on vastly enhanced weight in determining value. Two similar cars, two different collections We have two BMW 507s from two very different collections. RM Auctions featured cars from the late Malcolm Pray. He was very well known in the vintage-car world, and he showed his cars at all the top concours in the country. Pray owned his BMW 507 since 1972. Gooding & Company didn’t identify who owned the collection of BMWs in their tent, but a quick Google search found the cars had been recently owned by a fellow well known in BMW circles. This man had also been a long-term owner of his 507, and it had been shown at many marque events and featured in several periodicals. So let’s go through a comparison of the attributes of value of each of the cars and try to find the $605,000 difference in value between the two 507 roadsters: They are both Series II cars, which is the more desirable model for its enhanced creature comforts and more power. No difference there. The RM car was finished in dark gray, which was arguably more June 2014 dramatic than the white of the Gooding car, but BMWs have always looked good in white. A draw there. The Gooding car was fitted with its original engine, which the RM car was not. But the RM car did come with the original, to be installed by the new owner. Here, a slight advantage to the Gooding car. The RM car came with the very cool factory hard top and was also equipped with center-lock Rudge wheels. The mounting points for the hard top had been removed when the car was restored in the 1990s. After speaking to dealers and collectors — as well as looking at previous sale results — I estimate that $125,000 to $150,000 might be the spike for those goodies. Points for the RM car. In terms of condition, they were, by my observation, a bit similar. The RM car was a very nicely maintained older restoration, showing some age but very presentable and drivable. The Gooding car was reported to have never been apart for restoration but simply maintained as necessary, and it had a wonderfully original, used-but-cared-for feel. It was reported to have date-code stamped wheels, and the original interior was nicely patinated. Both would be an excellent base for a no-holds-barred total restoration if that was the new owners’ plans. I count this as a slight advantage to the Gooding car. Pray’s provenance is key We finally come to provenance. It is certain that Malcolm Pray’s con- nection to the car helped push up value for the RM car. The 507 had the benefit of the halo of the Pray Collection and extensive iconography with its well-known, long-term owner. The Gooding 507 did not have that benefit, having been presented somewhat anonymously. It also was the star of Gooding’s Amelia Island lineup of BMWs. It was the proverbial “best house in the neighborhood.” The Gooding car certainly had a “halo” role as relates to many of the other cars in that unnamed collection of BMWs, such as the 700s, 1600GT and so on. With the notable exception of a handful of models, led by the 507 and 328, BMW has not featured significantly in the collector car consciousness. This sale at Gooding has certainly helped to elevate that awareness, and it will be interesting to see what happens when the next few BMWs come to market. There is little doubt in my mind that the attributes of value show clearly that — putting aside possible testosterone exuberance in the bidding at RM — the collection aura of Malcolm Pray was responsible for the $450,000 differential not covered by the hard top and Rudge wheels. It is doubtful that the new owner of the RM 507 could realize a simi- lar differential when selling. What is not in doubt is that after many auction sales hovering at the $1m range — and the $1.65m achieved at RM / Sotheby’s in New York last year — the 507 is firmly and deeply in the upper $1m range. It’s time for us to adjust the SCM Price Guide. ♦ (Introductory descriptions courtesy of Gooding & Company and RM Auctions.) 75 Darin Schnabel ©2014, courtesy of RM Auctions

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German Profile The Cumberford Perspective A close, thoughtful look at BMW’s most beautiful car By Robert Cumberford 1 T his is BMW’s most beautiful car. That’s just an opinion, of course. it’s mine, and I’ll But stick to it. Albrecht Goertz’s best-ever car design, the 507 was not particularly successful in the marketplace. It cost far too much to build and to buy, but it was a true masterpiece of elegance. Max Hoffman wanted it to retail for $5,000, but it cost as much as a Ferrari, and given its less-than-spectacular performance, it’s no great surprise that only 250-odd models were ever made, largely by hand. Its worth as a car can be seen from Malcolm Pray keeping his for four decades, and John Surtees hanging on to the one BMW gave him back in the day. That the wheels were at the absolute edge of the taut-skinned envelope, in welcome contrast to typically fat German designs of the time — the racing 300SLs, all Porsches — gave the 507 a lean allure that has not diminished at all with the passage of a half century. Goertz’s work with the Datsun 240Z and its styling-cues twin, the Toyota 2000GT, saw a wider audience, although the hand-built Toyota was only s 507-like quantities same reasons: too cost, too high a pric 7 FRONT 3/4 VIEW 1 The cloth top’s profile is as refined and elegant as the rest of the exterior design. 2 The restrained hood scoop broke up the long hood and allowed nice linear details a driver could see. 3 Fenders coming to a point truncated by the slim headlamp rims added to the visual lightness of the front end. 4 The revision of BMW’s traditional two-element grille into a pair of very wide slots made the front end completely modern yet kept marque identity. 5 The extreme ground clearance — by today’s stan8 dards — serves as a reminder that even by the mid-1950s, European roads were often in bad shape and clearance was required. 6 Center-lock Rudge wheels are handsome, nicely set off by the relatively narrow whitewall tires, themselves as slim as the car itself. REAR 3/4 VIEW 7 Not exactly fins, but almost. The rear fenders are quite thin, and the valley between them and the raised trunk area emphasizes muscularity of the fender forms. 8 Notice the crown of the transverse section of the body proper, more like an old-style single-seat racer than today’s sports cars. There is sharp separation between the body and the fenders on this transitional design. 9 One of the cleverest features of the 507 is the half-round sun visors that embrace and surround the windshield header bar. They also provide some head protection. 10 A little “speed streak” comes off the front wheel opening, fading in the door skin. 11 The side vents of the 507 are among the most elegant and beautifully made of any ever used on a production car. There are echoes of this 9 10 even today. 12 The tiny exhaust pipes tell us that the engine wasn’t very powerful, and their length seems almost silly now. But the V8 was smooth, pleasant and adequate for this liveaxle sports-tourer. INTERIOR VIEW (see previous page) The white plastic steering wheel was common German practice in the 1950s, from VWs to Borgwards to Mercedes and BMW. Big instrument dials owe something to Italian practice at the time, but overall the composition is clearly German — comfortable and practical. 6 5 4 2 3 11 76 12

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American Profile 1958 Devin Special This car unassumingly rang the bell. It had the right build, genuine vintage parts and it wasn’t over-restored by Dale Novak Details Years produced: 1955–64 Number produced: Unknown Original list price: $295 and up, based on the components of the kit and build, with a maximum MSRP of $10,000 for a Devin SS Current SCM Valuation: $40,000–$80,000 for a Devin Special as presented Tune-up cost: $200 Distributor cap: $25 Chassis #: Varies by the builder of the car Engine #: Passenger’s side forward of the cylinder head (1962 Chevrolet Corvette engine) Alternatives: Superformance or Factory Five Cobra replica, Factory Five Type 65 coupe, Thunder Ranch Type 718 RSK Spyder kits SCM Investment Grade: C Comps T he Devin Special is a serious sports car. It has a tube frame, lightweight fiberglass body, aluminum interior, complete instrumentation, individual windscreens, functional hood scoop, aluminum headrest, egg-crate grille, quick-fill fuel cap and sport mirrors. The Devin is finished in white and blue, which represented American racing colors of the period. Devin Enterprises in El Monte, CA, built this excit- ing open-cockpit, two-seater car. A Chevrolet 283-ci V8 engine powers this car, and it carries dual Carter AFB carburetors — with an original Bill Devin dual 4-barrel aluminum intake that Devin designed and cast himself. The owner reports that only about 15 of these components are known to exist. This engine is hooked up to a Muncie aluminum 4-speed manual transmission and a Ford nine-inch rear end. The transmission has a Hurst shifter that is also stated to be “super rare.” The current owner contacted Hurst about the shifter, and sent them a photograph, as he had never seen a similar one. The Hurst people immediately attempted to buy the shifter, as it was one of approximately 100 produced by Hurst in the 1960s. Despite a very generous offer, it remains with the Devin. The exhaust is routed through large sidepipes. The car has Ansen PIN drive wheels and correct Vintage Dunlop racing tires — as it did in 1958. The chassis is set up with adjustable coil-over shocks up front and dual shock absorbers on both rear corners. The front brakes are discs and the rear has drums. This historically important car has only about 200 miles on a complete, period-correct professional restoration. The prior owner told the current seller that the Devin was rescued from a barn in California. The 1950s were a unique time in American sports 78 car racing. The ever-growing popularity of road racing in Southern California soon attracted independent car builders with the inventive spirit and skill of the hot-rod culture. Homemade specials began to challenge, and on occasion, beat the Ferraris, Jaguars and Maseratis. Bill Devin was part of that scene, and out of this setting he created the Devin Special. Devin also manufactured fiberglass bodies to fit a wide variety of chassis, giving talented hobbyists the opportunity to build their own sports car at a fraction of the cost. SCM Analysis This car, Lot 530, sold for $88,000, including buyer’s premium, at Auctions America’s Fort Lauderdale, FL, sale on March 15, 2014. Bill Devin was an imaginative, entrepreneurial fel- low and well-respected driver. He piloted many cars — from a winning home-modified 1949 Crosley Hot Shot to Ferraris and, naturally, his own Devin-built track cars. He was described as “The Enzo Ferrari of Okie Flats (Oklahoma)” in an article published in the July 1961 issue of Car and Driver magazine. Devin’s penchant for wielding a welding torch at an early age honed his skills for fabrication — and fueled his desire to tinker with all things automotive. Beginning in the mid-1950s, Devin developed a fasci- nation — perhaps an obsession — with using fiberglass to mold sports car bodies. Fiberglass technology was in its infancy, but Devin knew that it was just the ticket to design his own cars. Devin felt he could build cars as well as any other manufacturer at the time — especially anything coming out of Europe. Devin’s first design and build was the Devin-Panhard in 1955. By a series of odd business circumstances, 1958 Devin SS Sports Lot 211, s/n SR206 Condition 2+ Sold at $182,381 RM Auctions, Monte Carlo, MCO, 5/1/10 SCM# 162408 1957 Devin Monza Lot S165, s/n DSR007 Condition 3+ Sold at $50,880 Mecum Auctions, Indianapolis, IN, 5/17/11 SCM# 179386 1958 Devin SS Sports Lot 480, s/n SR206 Condition 2 Sold at $247,500 RM Auctions, Monterey, CA, 8/18/06 SCM# 72335 Sports Car Market Mark Staff © 2014, courtesy of Auctions America

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Devin made a deal with a Hollywood, CA, French Panhard dealer for 10 Panhard chassis for $10,000. He then got busy building an economical, lightweight body that would easily fit the Panhard chassis — and could compete in SCCA competitions. The result was a world-class track car that took the National SCCA Championship in 1956. From there, the race was on for Bill Devin to pursue his dream to build all-out race cars on affordable fiberglass bodies. Devin also created kits, so other guys could enjoy the sport without breaking the bank. From cheap to costly Devin Enterprises went on to design, build and advertise 27 different kits. Dealers eager to sell Devin’s bodies and kits popped up all across the country. These affordable and well-engineered bodies started at only $295. The most expensive fully assembled factory-built car — the Devin SS — carried a starting price of $6,000 and was built from 1958 to 1961. By 1961, the track-ready Devin SS had ratcheted up to an eye-water- ing $10,000, which was far more than the market would bear and led to the end of production. These are the most sought-after Devin cars. There were just 15 factory-built examples, so they are as rare as any low-production vintage road racer on the planet. The Devin Special Our subject car is one of the 27 body styles Devin Enterprises pro- duced. Devin offered kits in many configurations. One of those kits was designated as the Devin Special, which took its styling cues from the European looks of the Devin SS. Kits could be purchased to include the body shell only right on up to a complete “car in a crate,” which came with the components to build the car, including the custom-built Devin chassis. This 1958 Devin is reported to be one of the more complete kits of- fered by the company. The Devin intake manifold and vintage custom chassis are probably original to the car. The Hurst shifter is also a very rare piece — even if it wasn’t built in the Devin factory. The car was built to closely mirror the Devin SS, as it has the correct 283-ci Chevrolet Corvette engine hooked up to a Muncie 4-speed. The original Devin SS models would have been mated to a Borg-Warner gearbox, but the differences have little to no impact on the value. A period drag racer with “It” The history of the car tracks back to California, and the car may have spent its entire life there. The car was reportedly a drag racer in its early life, and it has some unique modifications, including the bulletproof Ford nine-inch rear end and torsion-bar rear suspension. The current engine is a date-coded 1962 Corvette 283 with the aforementioned Devin intake manifold. Other modifications include rack-and-pinion steering. There is also a vintage Southern California Timing Association sticker still on the car, which was wisely preserved during the restoration. One special aspect of this car is the subtle vibe the car displayed at the sale. Certain cars have an “it” factor that is hard to explain. There are many vintage drag, track and street cars, but only those with the right mix of provenance, authentic vintage styling and parts will attract the most attention. This is why fake cars are usually caught short — as they simply don’t speak to buyers in the right way. This car unassumingly rang the bell. It had the right build, genuine vintage parts and it wasn’t over-restored. It was just right. The seller wasn’t trying to make the car anything more than what it was. This is how a Devin was built for a guy who wanted to go racing in the late 1950s and early 1960s, so everything rang true. Overpriced kit car or race history? Our subject car was also reported to only have a few owners from new. The original builder of the car is unknown, but he certainly got the car headed in the right direction. As reported by the consignor, the car was located in a barn in the 1980s and was ultimately restored as a period road racer, which was the original intent of the Devin cars. The restoration took place in the late 2000s, and the car remains in excellent condition. Valuing a car like this is about as simple as trying to hold a dozen ping-pong balls under water with one hand. Comps are nearly impossible to locate, as every car will be unique. Even if one could locate two nearly identical Devins, condition would play another role in the equation and lead one back to square one. That said, it all boils down to the spirit of the car, the type of collector and the quality of the presentation. For the 15 Devin SS factory-built models, only one comp shows up in the SCM Platinum Auction Database, selling in 2006 and 2010 for $247,500 and $182,381 respectively. A 1957 Devin Monza also appears, selling for $50,880. Naturally, these will not offer a reasonable comparison but they will help us establish an upper tier of valuation. Given that our subject car was built to be a close relative to the Devin SS, we can find a reasonable valuation hypothesis based on the sum of the vintage parts and historical appeal. I was at this sale, and this car ignited the part of my brain that in- stinctively jumps when I see a great car. Granted, it’s not for everyone — some might see it as an overpriced kit car with no pedigree. I prefer to see it as part of our rebellious automotive culture. This car captures a time when a couple of guys in a barn or home garage could build a car that could actually complete with larger race teams — before all the mega-sponsors, television deals and computer-aided design made for a lot more speed and a little less soul. Bill Devin had a passion for racing, and he knew that other guys did, too. With that, he designed and built 27 bodies that a fellow could use to build a race car on a limited budget. While not all Devins will be desirable, this one certainly was. There was a pureness and simplicity to this car that others may not encapsulate. Auctions America suggested a value range of $50,000 to $75,000, which was very accurate — although broader in its scope than most estimates. Although the sale surpassed the high estimate, I consider this car to be both well bought and sold. Even if you disagree with the analysis, one thing I think we can all agree on is that the new owner purchased one hell of a unique — and rare — car. ♦ (Introductory description courtesy of Auctions America.) June 2014 79

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Race Car Profile 1966 Lola T70 Mk II Can-Am Spyder A gorgeous weapons-grade racer that can’t run at the front of today’s vintage grids by Thor Thorson Details Years produced: 1965–67 Number produced: 67 Original list price: N/A Current SCM Valuation: $240,000– $400,000 Cost per hour to race: $1,500 Engine #: Location depends on type of engine Chassis #: Tag on frame tube Club: Historic Can-Am Association More: www.historiccanam.com Alternatives: 1965–70 McLaren M1B–M8, 1968 Lola T-160, 1962–79 Chaparrals SCM Investment Grade: B Comps Chassis number: SL7136 L ola Cars was founded in 1958 by former Quantity Surveyor Eric Broadley, who was located in Huntingdon, England. His first “production car,” the Lola Mark I, was so superior that it immedi- ately made obsolete Colin Chapman’s previously unbeatable Lotus 11s — as well as all Elvas and Coopers. One of Broadley’s most interesting cars was, of course, the Lola Mk 6 GT, which the Ford Motor Company later successfully raced as their GT40. Lola cars have claimed hundreds of victories in the past four decades. Broadley’s early Lolas, beginning with his Mk I and up to and including the Lola T70 roadster and the T70 coupe, were also by far the most beautiful sports racers of their era. This 1966 T70 Mk II, s/n SL7136, was the last of 67 Spyders built, and it was sold by John Mecom, the original U.S. distributor, in 1966. Richard Galloway, whose Colorado Plastics manufactured Lego blocks, became the first owner, along with his designated driver, New Zealander Ross Greenville, with the latter having raced successfully in the Can-Am Series and SCCA Nationals, which included such race tracks as Bridgehampton, Laguna Seca, Las Vegas, Riverside, Road America and Watkins Glen. SCM Analysis This car, Lot 175, sold for $286,000, including buyer’s premium, at the RM Amelia Island, FL, auction on March 8, 2014. Regular readers of my profiles know that I frequently hold forth on the confluence of collector values and what I call “weapons-grade” values in any given racing car. I have long argued that without significant collectibility components that give a car value beyond the ones available as a weapon (or toy) to go racing, the limits of value lie somewhere in the mid- to upper-$200,000 range. Our 80 subject car this month is an excellent case study of exactly this premise. Before getting to that, though, I need to lay some background, so the rest of it makes sense. Lola bursts onto the scene Having started with the sports racing Mk I, Lola moved to the Formula Junior world with a series of very successful racers, culminating in the Mk 5A, which was — and still is — the car to beat in Formula Junior. Endurance racing, and particularly Le Mans, was a very attractive challenge to the young and newly successful Eric Broadley, so in 1962 he began considering what a successful car would look like. By this point, it was obvious that the future of racing cars was going to be a mid-engined layout, but a number of formidable design issues had to be confronted. The first was that putting the engine ahead of the rear axle — but behind the driver — required a very compact unit that could produce enough horsepower to compete. Broadley reasoned that the smaller American V8s would be an excellent choice, but he was then confronted with the follow-up problem: A mid-engined design that used a 400-horsepower V8 required a transaxle that could handle the torque of an engine like that, and nobody built one. Fortuitously, the Italian firm Colotti was coming out with a suitable transaxle, so Broadley started to build a mid-engined endurance-racing coupe that used a 289 Ford engine mated to the Colotti transaxle. He designed one of the first 2-seat mid-engined monocoque chassis in aluminum and clothed it in a spectacularly low and beautiful fiberglass body. After an insane thrash, Lola introduced it in January 1963 as the Lola Mk 6 GT, and it stood the racing car 1966 Lola T70 Mk II Lot 388, s/n SL7122 Condition 1- Not sold at $270,000 Bonhams, Scottsdale, AZ, 1/17/13 SCM# 215118 1966 Lola T70 Mk II Spyder Lot 336, s/n SL 7145 Condition 1 Not sold at $406,640 Bonhams, Goodwood, U.K., 9/17/10 SCM# 166194 1971 Lola-Chevrolet T222 Can-Am Lot 158, s/n HU3 Condition 2+ Sold at $183,500 Bonhams, Monte Carlo, 4/30/10 SCM# 162448 Sports Car Market Darin Schnabel ©2013, courtesy of RM Auctions

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world on its ear. In a classic bad news-good news scenario, Lola realized that they didn’t have the resources to build even a few of these cars and develop them into competitive racers, which was the bad. Ford, smarting from having been rebuffed in its attempts to buy Ferrari, was looking for somebody to build pretty much exactly what Lola had presented, which was good. In very short order, Ford bought Lola and proceeded to develop the Mk 6 GT concept into the Ford GT40. A fruitful divorce… There was a brief honeymoon, but Broadley quickly realized that he had made a terrible mistake in selling out to Ford. In the summer of 1964, after barely a year together, Ford and Broadley amicably split the sheets. Ford Advanced Vehicles (FAV) went about building the GT40, and the reconstituted Lola was right across the street and back to building the race cars that Broadley loved. It would have been bad form (and probably a violation of a non-compete agreement) for Lola to try to compete with the GT40, but the concept of American V8-powered sports racers in a professional racing series was just gaining momentum, particularly in the United States. So, the logical approach was for Lola to apply what it had learned in the Mk 6 and GT40 projects to this new venue. The Lola T70 was born. The body shape was the result of a fortunate confluence of trends: Aerodynamic and wind-tunnel concerns such as drag and lift were considered — but it was still designed by hand, not computer — and the design concept was still that pretty shapes work best. Envisioned from the beginning to work either as a roadster or as a coupe, the car both worked extremely well and was absolutely flat gorgeous. Blowing past Lotus, Elva, Chaparral and McLaren For the 1965 season, the FIA adopted the American SCCA rules for their big-bore category, which opened the door to racing these cars on both sides of the Atlantic. Competing against the notoriously evil Lotus 30 and the still-developing Elva McLaren in Europe and against Chaparrals and McLarens in the U.S., the T70 quickly became the car to beat in 1965 and 1966. Driver John Surtees easily won the inaugural 1966 Can-Am championship. Starting in 1967, the possibly inevitable decline started, at least for the open racers. Can-Am, with the only real rules being “two seats, four wheels, and covered fenders,” quickly became a horsepower race, and the T70 chassis didn’t lend itself to the bigblock Chevy engines that became ubiquitous. The roadsters quickly became backmarkers, as McLaren — and later on Porsche — took over Can-Am. The T70 coupe version, benefiting from better aerodynamics and engine-displacement limitations, did very well in European endurance racing into the 1970 season as the best privateer car you could race, but that’s another story. A weapons-grade car with limits It’s time to circle back to my original premise about collectibility versus weapons-grade values in old racing cars — with all of this, of course, presuming excellent mechanical and cosmetic condition. The first rule is that “cars with fiberglass bodies aren’t collectible,” and that is particularly true of sports racing cars. The second rule has to do with history of a specific chassis. The implied autographs of famous drivers and aura of cheering crowds at winner’s circles impart substantial market value to the right cars, particularly if “the factory” was the entrant. The value of famous drivers and trips to the winner’s circle is compounded by rarity. If there were only a few cars made, the history means more than if it was a relatively common racer. The weapons-grade values are simple and obvious: Is it fun and easy to drive? How much does it cost to race and maintain? And the big one: How competitive is it in today’s racing? Unfortunately, our subject car suffers on most of the criteria mentioned here. On the good side, it appears to be well maintained and ready to race, and T70 roadsters are undeniably gorgeous, but most of the rest isn’t so attractive. Lola built cars with fiberglass bodies for customers to race — in the U.S. at least there was no factory team — and they built a ton of them. This particular car has no special history and was badly crashed to boot. In fact, with Can-Am cars, only the most important and successful carry much of a collectible valuation in today’s world; it’s pretty much purely weapons values that count with any of them. Today’s T70 has problems there too. Although they are wonderful cars to drive, the T70 was only really successful in 1966, and today’s vintage racing Can-Am grids run from 1966 through 1970, so there is no chance of running even close to the front. To sum up, this is a beautiful — but ordinary — car that is not competitive in the only real purpose it has. As such, I think it traded fairly for what it was. This car was well bought and well sold. ♦ (Introductory description courtesy of RM Auctions.) June 2014 81

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Market Reports Overview The Top of the Market Shines Sales totals at RM hit nearly $36m — a record for any Amelia Island sale By Tony Piff http://bit.ly/ZOf8zr D eep-pocketed bidders from around the world come to the Amelia Island auctions each spring to bid on some of the year’s most important and valuable cars. Both RM and Gooding consistently achieve sales rates in the 90% range, highlighting the health of the market at its uppermost end. By every measure, this year’s sales were successful again. Sales totals at RM hit nearly $36m this time around — a record for any Amelia Island sale. That’s 34% growth over last year’s $27m. Of 91 cars offered, 88 found new homes (97%) and average price per car grew to $410k from $332k. RM also gets credit for selling the most expensive car of the week: Malcolm Pray’s “French Mistress,” a 1937 Delahaye 135 Competition Court Torpedo roadster, sold at $6.6m. Four other cars surpassed $1m: a 1958 BMW 507 roadster at $2.4m, a 1957 Mercedes-Benz 300SL Roadster at $1.8m, a 1961 Ferrari 250 GT Series II cabriolet at $1.8m and a 1934 Duesenberg Model SJ convertible at $1.6m. Nine cars at Gooding & Company earned two-comma prices, including four Porsches: a 1968 907 Longtail at $3.6m (Gooding’s top lot), a 1959 718 RSK at $3.3m, a 1973 911 Carrera RS lightweight at $1.4m, and a 1988 959 Sport at $1.1m. Whether it was a reflection of what’s hot in the market right now or just a coincidence, two of the top five cars at Gooding paralleled RM’s top five: a 1964 MercedesBenz 300SL Roadster at $1.8m and a 1958 BMW 507 roadster at $1.8m. Gooding’s overall sales grew to $31m from $28m last year, 78 of 88 cars sold (89%) and average price per car declined to $397k from $408k. On the other side of the Atlantic, Bonhams held its Oxford sale. Compared with Amelia, this is a smaller auction, typically offering between 50 and 60 cars. This year, 42 of 59 consignments sold, totaling $1.1m, for an average 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 84 Scan this code with your smartphone for complete results of each auction covered in this issue, or go to URL listed (left) Sales Totals $35,947,500 RM, Amelia Island, FL Gooding & Co., Amelia Island, FL Auctions America, Ft. Lauderdale, FL GAA, Greensboro, NC Brightwells, Herefordshire, U.K. Dan Kruse Classics, San Antonio, TX Bonhams, Oxford, U.K. H&H, Buxton, U.K. $30,953,450 $1,004,878 $1,110,913 $1,416,744 $7,932,763 $1,496,917 $20,778,250 price per car of $26k. Those figures represent a decline from last year’s 41/58, $1.7m total and $40k average. A 1964 Bentley S3 Continental coupe broke the six-figure barrier and secured the high-sale spot at $125k. A 1950 Delahaye 135M 3.6 coupe came next at $90k, and a 1959 Jaguar XK 150 3.8 coupe completed the podium at $84k. American iron reigned supreme at Dan Kruse Classics’ sale in San Antonio, TX. Ten of the top 15 lots wore the Bowtie, including the biggest sale of the day: a 1999 Corvette convertible customized to resemble a 1967, sold at $63k. Not far behind were a 1955 Bel Air convertible at $60k and a 1965 Corvette coupe at $59k. Overall totals took a dip here, down to $1.4m overall from $1.8m last year. Out of 157 lots, 81 sold (52%), down from 90/183 (49%) in 2013. Average price per car declined to $26k from $40k. We wrap up this issue with highlights from Auctions America in Fort Lauderdale, FL; GAA in Greensboro, NC; H&H in Buxton, U.K.; and Brightwells in Herefordshire, U.K. ♦ Top 10 Sales This Issue (Land Auctions Only) 1. 1937 Delahaye 135 Torpedo roadster, $6,600,000—RM, p. 90 2. 1968 Porsche 907 Longtail racer, $3,630,000 —G&Co, p. 106 3. 1959 Porsche RSK roadster, $3,300,000 —G&Co, p. 104 4. 1955 Ferrari 250 Europa GT coupe, $2,530,000—G&Co, p. 109 5. 1958 BMW 507 Series II roadster, $2,420,000—RM, p. 90 6. 1964 Mercedes-Benz 300SL Roadster, $2,035,000—G&Co, p. 106 7. 1957 Mercedes-Benz 300SL Roadster, $1,842,500—RM, p. 90 8. 1958 BMW 507 roadster, $1,815,000—G&Co, p. 104 9. 1961 Ferrari 250 GT Series II cabriolet, $1,760,000—RM, p. 92 10. 1934 Duesenberg Model SJ convertible sedan, $1,567,500—RM, p. 95 1. 1929 Rolls-Royce Phantom I Ascot Tourer, $375,000—RM, p. 95 2. 1956 Austin-Healey 100-4 BN2 Le Mans roadster, $96,800—G&Co, p. 100 3. 1958 Devin Special roadster, $88,000—AA, p. 154 4. 1959 Alvis TD21 Graber sedan, $63,541—H&H, p. 144 5. 1964 Austin Mini Cooper S 1071 2-dr sedan, $34,927—Brtwl, p. 144 Sports Car Market Best Buys

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RM Auctions Amelia Island, FL RM Auctions — Amelia Island 2014 Malcolm Pray’s “French Mistress,” a 1937 Delahaye 135 Torpedo roadster, was the star of the event and realized $6.6m Company RM Auctions Date March 8, 2014 Location Amelia Island, FL Auctioneer Max Girardo Automotive lots sold/offered 88/91 Sales rate 97% Sales total $35,947,500 High sale 1937 Delahaye 135 Competition Court Torpedo roadster, sold at $6,600,000 Buyer’s premium 1937 Delahaye 135 Torpedo roadster, sold at $6,600,000 10%, included in sold prices Report and photos by Carl Bomstead, Market opinions in italics the estate of Malcolm Pray, with s offerings from the estate of Chuc In addition, RM presented seve from the R RM’s 2014 Amelia Island auction, held March 8, 2014, at The Ritz-Carlton on Amelia Island, featured a collection from collection of Richard a Kughn. Malcolm Pray, at one time th and Audi dealer in the United St for founding the Pray Achievement Center, which mentors and motivates young people toward achieving their life goals. Pray firmly believed “There is nothing in life that you cannot achieve,” and his beliefs have inspired over 8,000 young people. The proceeds from the sale of his 16 automobiles will benefit the center. Pray’s 1937 Delahaye 135 Torpedo roadster was the star of the event and realized $6.6m. It was designed with input from Geo Ham and is one of only three cars to include an attached brass tag acknowledging his involvement. The delightful Delahaye was well known, as Pray had used it to participate in approximately 50 events. Pray’s wife referred to the car as his “French Mistress.” His other cars also did well. The 1958 BMW 507 86 Amelia Island, FL roadster sold at $2.4m, the 1961 Ferrari 250 GT Series II cabriolet garnered $1.8m and the 1970 Maserati Ghibli went for $605k. Successful San Diego contractor Chuck Swimmer established The San Diego ollection to display and sell his extensive car collection. He was a frequent participant on the Copperstate, Colorado Grand and Californian Mille, often at the helm of his 1949 Jaguar XK 120 alloy roadster. The roadster was offered here and found a buyer at $495k. I just hope that the new owner sees to it that the car continues to be exercised regularly. While Buick Skylarks occasionally surface at auction, it is most rare to see all three of the limited-production GM Motorama “Dream Cars” at one event. Richard and Linda Kughn offered a trio from their exten- Sales Totals sive collection. The Skylark sold for $157k, the Eldorado for $184k and the Fiesta for $182k. They were not 100-point cars but were certainly very respectable, and the prices were a bit stronger than what we have seen of late. The weather that had been a little iffy at the beginning of auction day soon took a turn for the better, and the standing-room-only crowd was in a buying mood. The offerings were strong, and they were presented in their finest light. As a result, while offering only three more lots than in 2013, RM increased its sale revenue by over $9m. Not a bad day’s work. ♦ $35m $30m $25m $20m $15m $10m $5m 0 2014 2013 2012 2011 2010 Sports Car Market

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RM Auctions Amelia Island, FL ENGLISH #142-1936 BENTLEY 3½ LITRE sedanca coupe. S/N B111FC. Eng. # G9BA. Black/black leather/red leather. RHD. Odo: 1,340 km. One of nine Bentleys delivered to Windovers. One-off coachwork. Wears an older restoration but was properly maintained in Swimmer collection. Presented at 2003 wheel covers. Older respray still very presentable and brightwork acceptable. Cond: 2+. SOLD AT $495,000. The most desirable XK produced. These continue to be listed as an “A” investment in the SCM Price Guide, and the values continue to appreciate. Price paid here was strong but will seem most fair in a few short years. Pebble Beach Concours. Paint starting to show a bit of age. Fitted with complete toolkit. A very attractive and desirable body style. Cond: 2. SOLD AT $374,000. A striking Bentley sedanca coupe that will be well received at RROC meets and tours. Will cruise at highway speeds with excellent handling and stopping power. Price paid was well within reason, so no surprise here. #121-1939 ASTON MARTIN 15/98 road- ster. S/N G9871SO. Eng. # B8866S. Elephant’s Breath Gray/black fabric/saddle tan leather. RHD. Odo: 2,551 km. A short-chassis sport model with removable windwings and windscreen that folds flat. Said to be one of only 50 built. Thought to be last 15/98 delivered. Complete restoration completed in 2011. Numerous awards since. Offered with tool roll JCNA judging. Has Heritage Certificate. Complete with all factory tools. A quality restoration. Cond: 1-. SOLD AT $159,500. I thought the Pastel Blue might hold things back a bit, but that was not the case. The MC head is a plus, and it was restored to perfection. But I still think it was well sold. #138-1960 ASTON MARTIN DB4 Series and owner’s book, along with other books and records. Competed in the 2012 hillclimb at Hershey. A lovely tour car. Cond: 1-. SOLD AT $616,000. An attractive and unusual Aston Martin that will be at home on the show field and on the open road. Price paid was rather surprising, as it doubled the $300k low estimate. Have to call it well sold; in fact, I’m calling it very well sold. #141-1949 JAGUAR XK 140 alloy road- ster. S/N 670061. Eng. # W1148. Silver/blue leather. RHD. Odo: 4,321 miles. Catalog states this is one of only 184 left-hand-drive alloybodied XK 120s produced, but it is clearly right-hand drive. Matching-numbers and documented by Jaguar Daimler Heritage Trust. Acquired by Charles Swimmer in 2005. Spats added at that time. Fully sorted; has participated in Colorado Grand and California Mille. Complete with original tool roll and full disc 88 II coupe. S/N DB4395R. Almond Green/black leather. RHD. Odo: 5,166 km. Documented ownership from new. Single owner for past 28 years. One of 351 second-series DB4s. Recent bare-metal respray and mechanical upgrades, including handling package and uprated Jaguar brakes. Fitted with new Connolly leather interior. Driven 5,000 miles since engine re- signs of age and use. Comes with two interiors: one red, the other black. Red shows cracks and wear, while other is fresh. The iconic Bugatti Grand Prix racer, ready for vintage rallying. Cond: 3+. SOLD AT $962,500. As a race car, the replacement components are not that big a factor, as reflected in final price paid. This example was well documented, but pre-war history is not known, so no period racing provenance. Bugatti prices continue to escalate, and price paid here was market-correct. #130-1930 B.N.C. TYPE 527 voiturette. build and only 500 miles since recent restoration. Complete with original build sheet. Cond: 1-. SOLD AT $462,000. A stunning S/N 27119. Blue/red leather. RHD. The Bollack, Netter, et Cie was a small French sports car that competed in the significant races of the day. This example acquired in the 1940s; Ford V8 installed, replacing original Ruby Sports Car Market #190-1954 JAGUAR XK 140 MC road- ster. S/N S810137. Eng. # G1232 8S. Pastel Blue/blue fabric/black leather. Odo: 15,617 miles. Recent restoration and finished in unusual shade of Pastel Blue. Fitted with MC head from C-type Jaguar, which boosts horsepower to 210. Recent high-point scores in tion. Engine bay sparkles. Desirable flat-floor Series I. Cond: 1-. SOLD AT $214,500. These have been rapidly appreciating, challenging the price guides to keep up. The Series I flat floor is leading the pack, and yesterday’s overthe-top price is now the new norm. A stunning car sold at today’s market-correct price. FRENCH #171-1928 BUGATTI TYPE 37A Grand Prix. S/N 37343. Eng. # 218CP. Blue/red leather. RHD. Introduced in 1925 as replacement for the 8-cylinder Type 35. 291 produced, but only 76 were fitted with supercharger. Relatively original with replacement engine, supercharger and transmission that are all of the correct type. Paint shows example painted in a very British shade of green. Sold for the anticipated amount for a DB4 in this condition. All should be happy here. #184-1961 JAGUAR XKE Series I con- vertible. S/N 875494. Eng. # R16 529. Black/ black fabric/red leather. Odo: 2,687 miles. Only three owners from new. Fully restored in 2003 and still looks new. Recent cosmetic work. Correct jack, hammer and bag are with the car. Matching-numbers and finished in original colors. Black paint detailed to perfec

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RM Auctions Amelia Island, FL SOLD AT $902,000. To my eye, this was a bunch of money for a Type 57 with a recently created body. It is a wonderful re-creation, so if the modern coachwork is not an issue, all is well. From here we’ll call it well sold. TOP 10 No. 1 #167-1937 DELAHAYE 135 Torpedo roadster. S/N 48667. Eng. # 48667. Cream & Blue Monaco/red leather. RHD. Odo: 20,545 km. The Grand Sport version of the Type 135. Built by Figoni et Falaschi with input from Geo Ham as a show car for Delahaye. Acquired by Malcolm Pray in engine. A unique piece of racing history that is in very original condition. Cond: 4+. SOLD AT $181,500. Rare and unique with all kinds of history. Can’t say I have ever seen another one sell, so difficult to comment on the price. You will certainly be the only one in the neighborhood to have one in your garage. #158-1935 AMILCAR TYPE G36 boat- tail roadster. S/N 100102. Andalouse Red/ black leather. RHD. Odo: 972 miles. Estimated to have been built about 40 years ago as a bitsa. Engine from a Talbot T14LS with transmission from an Alfa. Body in the style of Figoni et Falaschi. Fenders and boattail in Wood when she was only 19. List price was $7,300. Fitted with Euro headlamps. Fully restored in 2000 by noted marque expert. Driven frequently since but also won its class at 2012 Amelia Concours. A delightful example. Cond: 1-. SOLD AT $1,842,500. Add a little star power to an already desirable car, and the bidding moves on. The Rudge wheels are also a big plus, so this checks a lot of the boxes. Considering the hot market, the price paid was not unexpected. Well bought and sold. 1964. Refurbished shortly thereafter. A striking design that has been shown and rallied at more than 50 events. Known as Pray’s “French Mistress.” Cond: 2. SOLD AT $6,600,000. A well-known car that attracts attention wherever it goes. I’m willing to bet the new owner restores car in different livery to put his own “stamp” on it. Sold at the expected money. Checks all the boxes. GERMAN style of a ’35 Auburn. Only driven 972 miles since built, so in very nice condition. A traditional coachbuilt hot rod. Cond: 1-. SOLD AT $467,500. Not a real car, but certainly a very attractive creation. Price paid, however, seems a bit much for something neither fish nor fowl. #163-1937 BUGATTI TYPE 57C road- ster. S/N 57617. Eng. # 16C. Maroon/tan leather. RHD. Odo: 1 km. A quality re-creation done to high standard. First bodied as Ventoux coupe. Original chassis, motor and supercharger with recent swoopy aluminum coach work in the style of Figoni et Falaschi. Gearbox changed in ’50s. Paint properly #131-1931 MERCEDES-BENZ 370S Mannheim cabriolet. S/N U84901. Eng. # U84901. Red & black/black fabric/black leather. Odo: 30,100 km. An older restoration that has held up rather well, with a few minor nicks and scrapes. Fitted with dual rearmounted spares. Wood steering wheel is aged, and window gaskets need replacing. A CCCA Full Classic. Wears original engine, body and TOP 10 No. 5 #152-1958 BMW 507 Series II roadster. S/N 70156. Eng. # 40024. Graphite/black fabric/red leather. Odo: 17,603 km. Acquired by Malcolm Pray in 1972. One of only 253 produced at list price of $8,900—twice the price of an XK 140. Refurbished in 1997 and a complete respray in 2006. Mileage stated to be actual. Original engine included with sale. Equipped with hard top, Becker Mexico radio and factory Rudge wheels. A commercial disaster at the time, but a stunning design that is admired today. Cond: 1-. SOLD AT $2,420,000. Selling price exceeded the expected number but was within reason, considering condition and limited use. Another example sold on the other side of Amelia Island at the Gooding auction for about $600k less, but this was a slightly better example. Availability of correct engine a big plus. (See the profile, p. 74.) chassis. The 370S was fitted to a short 112inch wheelbase and had a top speed of about 75 mph. Cond: 2. SOLD AT $671,000. An extremely attractive body design with known history back to the ’50s. Needs some work to be a factor at major concours, but a wonderful tour car as-is. Price paid was within expected range, but I think a full restoration might put the new owner upside-down. maintained and interior as-new. A few issues with body, but nothing serious. 57C is the supercharged version of the Type 57. Cond: 2. 90 #122-1957 MERCEDES-BENZ 300SL Roadster. S/N 1980427500569. Eng. # 198 9807500545. Silver Blue/blue canvas/red leather. Odo: 84,972 miles. Factory Rudge-wheel example (said to be one of 25). Originally purchased by Natalie TOP 10 No. 7 Sports Car Market #104-1958 BMW 600 microcar. S/N 129296. Eng. # 129296. Blue & white/gray cloth & vinyl. Odo: 16 km. Restored in 2013 to high standard by marque specialist. Engine is spotless, as is undercarriage. Powered by

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RM Auctions Amelia Island, FL 582-cc 4-stroke 2-cyl. Has room for four and a side door for the rear seats. About 35,000 built during three-year run. One seems to show up at most every auction lately. Cond: 1-. SOLD AT $55,000. The SCM Pocket Price Guide gives these a “D” investment rating, but they are bringing decent money. On the other hand, I doubt you could restore one to this level for the money spent here. Let’s call this well bought and well sold. #149-1961 MERCEDES-BENZ 190SL convertible. S/N 12104010020361. White/red leather. Odo: 12,937 miles. A comprehensive restoration completed less that a year ago. Has factory toolkit. A quality restoration that shows extremely well. Cond: 1-. SOLD AT $143,000. With the 190SL market appreciating man so he could take it on his sailboat and use it at port stops. Restored to perfection by noted in under seven seconds. Frequently driven by Mr. Pray, with minor signs of use but very well maintained. A ’70s Italian supercar. Cond: 2. SOLD AT $605,000. A desirable Ghibli but at an astonishing price—almost twice the catalog’s $250k–$350k estimate. The SCM Price Guide gives a range of $225k– $495k for these 4.7-L Spyders. (The rarer 4.9s are valued at $300k–$625k.) Well sold and then some. marque expert. It’s estimated that only 100 of the original Jolly 600s survive, but one shows up at most every auction. Cond: 1-. SOLD AT $99,000. Nearly $100k seems like a ridiculous amount of money, but the restoration was impeccable, and the SCM Platinum Auction Database lists three others selling between $99k and $110k in the past two years. Which makes the price less ridiculous, maybe. TOP 10 No. 9 on an almost hourly basis, this very well-restored example sold low against the $150k– $200k estimate. Price paid was well off the pace of what we have seen of late, and it was not due to the quality of the offering. Well bought indeed. #132-1986 PORSCHE 959 Vorserie coupe. S/N WP0ZZZ93ZFS010063. Guards Red/gray leather. Odo: 60,514 km. Said to be one of 21 pre-production 959s. Produces 450 horsepower from pair of turbochargers and electronic fuel injection. Fitted with Denloc magnesium alloy wheels with hollow spokes. Priced at nearly $250k new (200–250 produced, including prototypes), and all were quickly spoken for. Now exempt from DOT #162-1961 FERRARI 250 GT Series II cabriolet. S/N 2093GT. Eng. # 2093GT. Rosso Rubino/black fabric/tan leather. Odo: 48,627 km. Acquired by Malcolm Pray in 1969 and maintained by his shop since. Received a respray in 1997 and now has a small blister in top of driver’s door. A few records and tools. Mileage stated to be original. Cond: 2+. SOLD AT $781,000. Last sold in 2008 at Russo’s Monterey sale for $391k (SCM# 117515). Daytona values just keep inching up the charts. In this case it took more of a big leap. The days of $500k Daytonas are long gone, and a low-mileage, very original example such as the one sold here is money in the bank. (See the profile, p. 66.) #127-1974 FERRARI 246 GTS DINO swirls in the paint. Leather interior recently re-dyed and reinstalled. Has partial tool roll and the original hard top. Pray paid less than $3k for car in 1969. Cond: 2-. SOLD AT $1,760,000. This sale will certainly make the tax man happy. The new owner should be pleased as well, as the very authentic 250 GT will be a wonderful addition to his collection. Sold at a fair price. #166-1970 MASERATI GHIBLI Spyder. and EPA jurisdiction and eligible for U.S. import. Fitted with unusual factory driving lights. Has factory books and records along with toolkit and jack. Cond: 1-. SOLD AT $687,500. Thought to have been used as factory demonstrator and then rebuilt by factory. A rare supercar that is credited with inspiring the “Bill Gates Rule” for limited-production cars. Fair money for a rapidly appreciating modern Porsche supercar. ITALIAN #182-1959 FIAT JOLLY 600 beach car. S/N 100574826. Coral/white fabric/wicker. Odo: 4,796 km. First designed for Fiat’s chair- 92 S/N AM115S1177. Eng. # AM115S1177. Red/tan fabric/brown leather. Odo: 46,167 miles. Only 125 Ghibli Spyders produced. Fitted with a/c and upgraded stereo. Older restoration with engine rebuild by Roush. Powerful with top speed of 154 mph and 0–60 Spyder. S/N 08286. Silver/black vinyl/red & black leather. Odo: 41,368 miles. U.S. version with a/c, power windows and Cromodora wheels. Fitted with Daytona “chairs” but no flares. Recent refreshening of a very original and well-maintained example. New chrome. Interior in excellent condition with mild pa- #176-1972 FERRARI 365 GTB/4 Daytona coupe. S/N 15569. Rosso Corsa/beige leather. Odo: 28,886 miles. Matching numbers on a well-preserved Daytona that received a recent respray. With factory a/c and attractive tan-and-black Daytona seats. Some trim and the bumpers have minor pitting. Numerous awards over the years. Complete with books, tina. Paintwork very acceptable considering the age. Cond: 2. SOLD AT $429,000. Dinos continue to march up the charts, and the days of examples selling for five figures are long gone. Price guides can’t be updated quickly enough. #178-1994 FERRARI 512 TR coupe. S/N ZFFLG40A2R0098634. Black/black leather. Odo: 12,667 miles. Introduced as replacement for Testarossa in 1991. Three owners from new. Recent full timing-belt service. Only driven 300 miles since. One of 2,261 produced. Well maintained, with minor signs Sports Car Market

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Fresh Meat by Chad Tyson RM Auctions Amelia Island, FL Online sales of contemporary cars 2013 SRT Viper coupe Date sold: 03/24/2014 eBay auction ID: 151260690737 Seller’s eBay ID: ultimomotors Sale type: Used car with 2 miles VIN: 1C3ADEAZ4DV200072 Details: Adrenaline Red over black leather; 8.4-liter V10 rated at 640 hp, 6-sp manual, RWD Sale result: $88,800, Buy It Now MSRP: $108,840 (as equipped) Other current offering: Ron Tonkin Dodge in Gladstone, OR, asking $122,930 for an Adrenaline Red over black leather 2013 Viper with three miles. 2012 Lotus Evora IPS of age or use. Cond: 2+. SOLD AT $143,000. Buyer here paid a well-deserved premium for the condition and limited use. The recent service also a big plus. In the long run you rarely lose when buying the best available example, and that’s the case here. AMERICAN #109-1909 INDIAN TWIN motorcycle. S/N 20A352. Green/brown leather. The first year for the loop frame. A very original Indian with factory paint in very acceptable condition. Has a Bosch magneto and Hedstrom carburetor. Is one of the earliest twin-cylinder Indians in existence. In operational condition. #116-1914 INDIAN TWIN 7-hp “Hendee Special” motorcycle. S/N 83F037. Red/ brown leather. Odo: 9,061 miles. The “Hendee Special” was offered for less than a year and had a list price of $325. It was equipped with electric starter, horn and lighting. This is one of only a handful known to exist and is in original condition (with the exception of the tires). Stated to be in good running order. An extremely rare and desirable bike. Cond: 4+. SOLD AT $126,500. This was the first bike offered with electric start, but battery technology could not keep up, so the feature was discontinued and not offered again until the 1950s. Original motorcycles are very soughtafter, and when it’s a rare model such as this, pricing goes through the roof. This actually sold for less than expected, and another $10k or so would not have been out of line. #137-1914 PACKARD SIX Model 1-38 Date sold: 03/24/2014 eBay auction ID: 231174048224 Seller’s eBay ID: lotusofportland Sale type: Used car with 106 miles VIN: SCCLMDTU7CHA10507 Details: Nightfall Blue over Ebony Black leather; 3.5-liter V6 rated at 276 hp, IPS automatic, RWD Sale result: $64,980, Buy It Now MSRP: $66,100 (base) Other current offering: Motorcars of Georgia in Atlanta, GA, offering a five-mile, Ardent Red over black leather 2012 Evora for $85,960. 2013 Aston Martin V8 Vantage convertible Cond: 3+. SOLD AT $66,000. The $125k– $150k estimate was a little aggressive here. It sold for about half the low estimate, and the price paid was about right. Original early bikes have a deep and narrow market and have to be very unusual to bring the money. #129-1909 LOCOMOBILE MODEL 30 speedster. S/N 2730. Blue/blue leather. RHD. Odo: 45,498 miles. A very sporty speedster that wears an older but very presentable restoration. Locomobile never made a speedster, so this was created at some point in the distant past. Earned 2nd place in the 50th anniversary Date sold: 03/22/2014 eBay auction ID: 271432024635 Seller’s eBay ID: jemada1990 Sale type: Used car with 2,203 miles VIN: SCFEBBBK8DGD17603 Details: Meteorite Silver HB over Chancellor Red leather; 4.7-liter V8 rated at 420 hp, 6-sp manual, RWD Sale result: $115,000, Buy It Now MSRP: $164,143 (as equipped) Other current offering: Collection Motorsports in North Olmstead, OH, asking $152,615 for a 41-mile 2013 V8 Vantage convertible in Mariana Blue over Sahara Tan leather. ♦ 94 well might be a 1913. Cond: 1-. SOLD AT $412,500. This Packard runabout was a no-sale at RM’s 2010 Arizona sale when bid to $355k (SCM# 156917). It did sell at Mecum’s 2013 Monterey sale, realizing $689k (SCM# 227489). Seller took a serious hit in the brief seven months that he owned the car. Price paid here was about right regardless of what was paid in the past. #170-1919 LOCOMOBILE MODEL 48 celebration of 1908 Vanderbilt race. Monocle windshield and center-mounted Rushmore spotlight. Has a Warner Auto Meter speedometer. Cond: 2. SOLD AT $126,500. An interesting re-creation that would be a kick on a Brass tour. (No escape from the elements, so pray for good weather.) Price paid seems reasonable enough. roadster. S/N 16119. Green/black fabric/black leather. Odo: 22,772 miles. Most Locomobiles of the era were large touring cars or limousines, so this sporty roadster is unusual. Wears an old restoration that has been touched up a bit. Has original tools and Rajah spark plugs. Has participated on CCCA CARavans and was judged 98.25 points at recent Grand Classic. Sports Car Market runabout. S/N 38878. Red/black fabric/red leather. The first Packard series to have an electric starter as well as left-hand drive. Discovered in an orange orchard in the ’50s. Restored by Brian Joseph in late ’90s, with numerous awards since. One of only five known runabouts. Sold as a 1914 but very

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RM Auctions Amelia Island, FL SOLD AT $840,000. If the body and chassis had been born together, the price paid would have been more than twice what was realized here. Dietrich “factory customs” are at the top of the Packard pecking order and are rarely offered. Price paid was well within reason. TOP 10 No. 10 Found in a junkyard in the mid-1940s. At one point was used as tow truck. Cond: 2-. SOLD AT $143,000. This was offered at Bonhams’ 2011 Greenwich sale, where it failed to sell when bid to $105k (SCM# 182239). Stated to have very poor paint at that time. Price paid here was as expected. BEST BUY #128-1929 ROLLS-ROYCE PHANTOM I Ascot Tourer. S/N S398KP. Eng. # 20988. Green/tan fabric/tan leather. Odo: 104,794 km. Handsome car. Fitted with aluminum heads and chrome-plated exterior brightwork. Older restoration with aged. Documented history from new. Appeared in 1938 film “Out West with the Hardys” with Mickey Rooney. Cond: 3+. SOLD AT $1,567,500. This was a well-documented Duesenberg, with numerous period photographs. Appeared in Automobile Quarterly Volume 1, Number 1. I would have expected this to sell for a touch more, but the added reproduction Walthers blower may have held things back a bit. An attractive and powerful SJ that was acquired for a fair price. recent freshening. Known history from new. Very elegant inlaid wood interior trim. Cond: 2+. SOLD AT $375,000. An elegant Springfield Rolls at a below-market price. Price paid was well under the expected $750k–$850k, but seller let it go. Very well bought, and we hope the new owner puts the rubber on the road. #135-1932 PACKARD TWIN SIX 906 convertible sedan. S/N 900104. Eng. # 900116. Packard Maroon/black fabric/plum leather. Odo: 19,987 miles. A factory custom with vee’d windshield and extended hoodline. Dietrich body from Super Eight has been mated to Twin Six chassis, engine and drivetrain. Has division window, which gives formal look. Older restoration still has strong Only issues are with the sidemount covers and some slight wear on the trim. Just the thing for your Packard parts-getter. Cond: 2. SOLD AT $93,500. Not a real-deal Packard production vehicle, but I could certainly see a Packard dealer using it, as he wouldn’t have wanted to be seen running around in a competitor’s truck. Sold for a touch more than expected, but I doubt you could build one for less. presence. Equipped with vacuum-assist clutch. One of the more desirable Packards. From famed Robert Bahre Collection. Cond: 1-. June 2014 #115-1941 CHRYSLER TOWN & COUNTRY barrelback woodie wagon. S/N 7700759. Maroon/maroon leather. Odo: 95 #114-1937 PACKARD ONE-TWENTY pickup. S/N 1090-1260. Black/black leather. Odo: 68,352 miles. Converted from a 138-inch-wheelbase One-Twenty touring limousine with a pickup bed fitted to the cab. Workmanship to high standard; interior in exceptional condition. Engine clean and tidy. #174-1934 DUESENBERG MODEL SJ convertible sedan. S/N 2515. Eng. # J494. Maroon/tan canvas/maroon leather. Odo: 49,394 miles. The only SJ convertible sedan by LeBaron. An older restoration that remains in acceptable but notably used condition. Supercharger missing when restored. New Walthers blower with dual carburetors added. Wood on driver’s door dam

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RM Auctions Amelia Island, FL 56,435 miles. A very original, unrestored example with recent mechanical work. Spent 50 years in a Maine collection. Powered by #161-1941 PACKARD SUPER EIGHT 180 Darrin Convertible Victoria. S/N CD501695A. Packard Cream/red leather. Odo: 90,536 miles. A quality driver. Older restoration performed in late 1990s. Leather interior with slight cracking. Paint well maintained but shows signs of age and use. Equipped with radio, “K” wheel and road lights. The Packard Darrin featured the “Darrin dip” in the doors tour car, with 6,755 produced. Another offering from Pray Collection. Cond: 2. SOLD AT $96,250. An older restoration that has been well maintained but is now showing a few signs of age. Too good to re-restore, but not 100 points either. Would suggest putting the rubber on the road, as they are fun cars to drive. Price paid was well within reason considering the condition. These have been undervalued and are now coming into their own. 6-cylinder engine with 3-speed Fluid Drive transmission. Original leather is shiny but not split or damaged. Wood has been properly maintained, and body is rust-free. A very honest example. Cond: 2-. NOT SOLD AT $250,000. At long last, these qualify for CCCA Full Classic status. With the interest in preserved cars, I’m surprised that this did not fare better. #156-1941 FORD SUPER DELUXE woodie wagon. S/N 186475888. Coach Maroon/black leatherette/tan leatherette. Odo: 80,381 miles. Restored about 25 years ago and still presentable. Most of wood is original and is in good condition. Interior in good order for its age. Still with original clock and radio. Mileage thought to be original. A well-main- #124-1953 CADILLAC ELDORADO convertible. S/N 536244493. Alpine White/ white acrylic/red & white leather. Odo: 1,150 miles. 331-ci V8, 4-bbl, auto. An older restoration that has a few issues. Insulation loose under the hood, bumper scratched. Panel fit off a bit. Has power everything. Interior shows a bit of age and use. Only 532 produced. Cond: and a vee’d windshield. Packard purchased rights to the design and produced them inhouse. Quality of construction was much improved, but production was limited. Cond: 2-. SOLD AT $286,000. To many Packard fans, the ’41 Darrin 180 is the one to own, with the straight-eight motor and the higher build quality. Price paid was reasonable. The new owner now has to decide how far to go on a restoration. #155-1947 CADILLAC SERIES 62 con- vertible. S/N A8454487. Eng. # 84544487. Madeira Maroon/tan canvas/maroon leather. Odo: 495 miles. 346-ci V8, 2-bbl, auto. Restored in late 1980s and still presentable. Very limited use since. Fitted with Hydra-Matic, spotlight, power top and radio/heater. Sombrero hubcaps. Powerful and reliable V8 that was used in Sherman tanks. A popular CCCA tained example. Cond: 3+. SOLD AT $82,500. The older restoration is showing signs of age, but the car still stands proud. For the price paid, this will make a satisfying driver and tour car. Should be fun at local show-andshines, but it won’t be a high-point car at national events. Use and enjoy. 2-. SOLD AT $184,250. The Eldorado was shown at the 1952 Motorama show and went into production with few changes. This example was last seen at RM’s 2006 Amelia Island sale, where it realized $132k (SCM# 41024). The market for ’50s Detroit iron has improved a bit since then, and a few of the issues noted in 2006 have been rectified, so price paid here was well within reason. #168-1954 KAISER-DARRIN 161 road- ster. S/N 161001023. Eng. # 1611023. Pine Tint Green/green Haartz cloth/green leather. Odo: 49,057 miles. 331-ci V8, 4-bbl, 5-sp. Upgraded with a Cadillac V8, as Darrin did with six of the final Kaiser-Darrins. Additional crossmember added, along with beefier springs. Getrag T-5 transmission installed. Custom wire knockoffs by Dayton. A quality build, but bumpers are scratched, and headlight frame is loose. Top speed of 120 mph, according to owner. Cond: 2+. SOLD AT $159,500. The custom Dayton wheels were the first clue that all is not factory stock. The motor adds some punch without altering the appearance, and it is wicked-quick. With the mods, it sold for a surprising $40k premium. Well sold. © 96 Sports Car Market

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Gooding & Co. Amelia Island, FL Gooding & Company — Amelia Island 2014 A collection of 18 rare-to-market BMWs from the 1950s to the 1980s brought more than $3.3m Company Gooding & Company Date March 7, 2014 Location Amelia Island, FL Auctioneer Charlie Ross Automotive lots sold/offered 78/88 Sales rate 89% Sales total $30,953,450 High sale 1968 Porsche 907 Longtail, sold at $3,630,000 Buyer’s premium 10%, included in sold prices Amidst the crowd, one of a collection of 18 rare-to-market BMWs — 1972 BMW 3.0 CSL coupe, sold at $148,500 Report and photos by Adam Blumenthal Market opinions in italics market that shows no signs of cooling soon. Regular accounts of multi-millio and records shattered have become the “ Any of us superstitious enough to be intermittent rain and unseasonably c were the foreboding signs of an im found comfort as a charged atmosphere filled the large auction tents. Gooding captured the mood and delivered, with the always-entertaining auctioneer Charlie Ross hurling punchy witticisms in between the sale of 78 collectibles (nine more than last year). Gooding reported no fewer than 15 auction records broken. Leading the charge was the catalog cover car, a 1968 G Porsche 907 Longtail. Unmistakably a star of the show, it was displayed front and center at the tent’s entrance, surrounded by a protective barrier. You couldn’t miss it. It was the first Porsche ever to win a world-class endurance race, as the overall winner of the 24 Hours of Daytona in 1968 in the storied 1-2-3 Porsche finish. Sold at $3.6m, it represented a new auction record for a 907. Other record-setting Porsches included 98 a 1959 Porsche 718 RSK (sold at $3.3m), a numbers-matching 1973 Porsche Carrera RS 2.7 lightweight ($1.4m) and a ooding & Company’s fifth annual sale at the Omni Amelia Island Plantation Resort took place amid a r Amelia Island, FL e, low-mileage 1988 959 Sport in glistening Guards Red ($1.1m). A collection of 18 rare-to-market BMWs from the 1950s to the 1980s brought a combined total of more than $3.3m. Standouts included an extremely rare and very original 1958 507 ($1.8m, see the profile on p. 74). Rounding out the German highlights were an absolutely spectacular 1955 Mercedes-Benz 300Sc roadster in silver livery, sold at $990k, and a largely unrestored 1964 300SL with desirable disc brakes and alloy block, sold at a heady $2m. Topping the Italian set was an unrestored 1955 Ferrari 250 Europa GT. Driven just over 14 km from new, this car was a veritable time capsule in its wonderful original condition. At a price of $2.5m, it was among the most expensive examples of this model sold to date. Dinos have become very popular, and this sale had three vying for new owners. A rare U.S.-spec “chairs and flares” coupe sold at a staggering $627k, nearly doubling its $375k high estimate. Not to be outdone, an unrestored, highly original red 1969 206 GT that had never before been shown or put up for sale at a public auction sold at $638k, shooting past its $550k high estimate. A 1974 246 GTS in Metallic Purple made $341k. Not far away, and yet worlds apart, was a cute 1969 Fiat Shellette. Similar in purpose to the marque’s more well-known Jolly, this charming and distinctive Michelotti-designed beach car fetched a surprising $55k. ♦ Sales Totals $30m $35m $25m $20m $15m $10m $5m 0 2014 2013 2012 2011 2010 Sports Car Market

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Gooding & Co. Amelia Island, FL BELGIAN #41-1930 MINERVA AL 3-position cab- riolet. S/N 80139. Eng. # 80128. Taupe/ tan canvas/green leather. Odo: 2,778 km. Said to be one of fewer than 50 ALs produced, of which eight are believed to exist. Zenith updraft carbs feed Knight sleeve-valve I8. Once owned by marque enthusiast and author Philippe Boval. Three-year full restoration completed in 2007, done to an exacting standard by Alan Taylor. Smooth paint. Brightwork glistens. New retrimmed interior. Rich wood trim. Jaeger instruments. Scintilla switch er’s handbook and Barker’s photos of car included. Cond: 2. SOLD AT $192,500. Last sold at Christie’s London sale in 2005 for $118k (SCM# 39302). Has accumulated only 304 miles in the intervening 10 years and appreciated over 60% in value. For the very nice (but not spectacular) coachwork and the split personality of the exterior and interior, I’d call this a fair price. Well bought and sold. #58-1933 ROLLS-ROYCE PHANTOM II Henley roadster. S/N 291AJS. Eng. # A95J. Black/black canvas boot/cognac leather. Odo: 21,409 miles. Said to be one of only eight Henley roadsters built on the Phantom II chassis. Brewster coachwork. Has original chassis and engine. Raked, vee-shaped windshield lends a sporty look. Restored in early 2000s to world-class level. Paint, chrome, trim, gaps all sublime. Once displayed in the mph at Jabbeke, Belgium. Cond: 1-. SOLD AT $103,400. Thought to have been originally equipped with the base 190-hp engine based on the JDHT certificate and letter “A” in the chassis prefix. This attracted plenty of attention, partly due perhaps to its location right next to the high-profile Porsche RSK that was also up for sale. Sold way below the $140k low estimate but pretty much in line with where the market resides today. I just wish they would’ve kept it in its original color scheme. Fair deal both ways. #79-1956 AUSTIN-HEALEY 100-4 BN2 Le Mans roadster. S/N BN2L228083. Eng. # 1B228083. Carmine Red/black canvas/black leather. Odo: 4,099 miles. Three-owner car. Frame-off restoration completed this past January looks absolutely beautiful. Spectacular repaint in original Carmine Red with no issues. Brilliant chrome. Crystal-clear glass. Chrome wire wheels shod with new Federal tires. Flawless interior retrimmed in original black. Clean trunk has BEST BUY plate. Removable rear trunk. Engine not inspected. First in Class and Best of Show awards aplenty. Cond: 1-. NOT SOLD AT $1,150,000. An incredibly rare specimen stated to be the only known AL cabriolet in existence. So nice that I was nervous to get too close. The obsessive care lavished on this AL captivated a curious and appreciative crowd, but despite the proud owner fielding questions on auction day, the anticipation failed to translate into a worthy price. Seller was right to hold out for more. ENGLISH #64-1933 ROLLS-ROYCE 20/25 3-posi- tion drophead coupe. S/N GTZ48. Eng. # D2L. Black/gray vinyl/red leather. RHD. Odo: 86,997 miles. Coachbuilder Barker’s 1933 Paris Salon show car. Bodywork said to be one-off. Acquired by consignor in 2005 and kept in England. Cosmetic restoration done around this time. Respray in original black is flawless. Excellent chrome. Mirror-like glass. Interior at odds with exterior: distressed Henry Ford Museum for over two decades. Later at the Imperial Palace in Las Vegas for almost a decade. First Prize at a CCCA Grand Classic in ’83. First in Class at ’05 Amelia Island Concours and ’07 Palos Verdes Concours. Cond: 1-. SOLD AT $1,430,000. Jaw-droppingly beautiful. Resto showed consistently brilliant execution from front to back, although it was a bit over the top, in my book. Sold just below mid-estimate. Given the Henley’s exclusivity, I’d say the buyer got a good deal. Well bought. #73-1955 JAGUAR XK 140 SE roadster. S/N A810769. Eng. # G45188S. Red/black/ black leather. Odo: 58,023 miles. Originally gray with red leather and gunmetal soft top. Excellent frame-up restoration completed in 2000. Smooth paint mostly free of imperfections. Sparkling chrome. Clear headlights. Very good glass. Rides on new Dunlops. Mint interior looks all new. Leather seats show no wear. Ditto for carpets and functional dash. Meticulous engine bay fitted with period-correct 210-hp SE motor. Replica plaque signed by Coventry’s “chief engineer” declares car a replica of record-breaker that achieved 141.51 spare. Engine not accessible. BMHT certificate. File with photos of restoration included. Toolkit, jack. A certified, numbers-matching example. Cond: 1-. SOLD AT $96,800. Le Mans variant was a dealer-installed package that boosted overall performance. Fresh from the restoration shop, this car will easily compete for the top prize at any Austin-Healey event. Sold at no reserve for under $100k, which, when compared with lesser cars that have gone for more, suggested a good buy. That it happened at Amelia Island was even more of a coup. Very well bought indeed. #8-1956 AUSTIN-HEALEY 100M road- ster. S/N BN2L230787. Eng. # 1B230787M. Healey Blue & white/blue vinyl/blue leather. Odo: 66,862 miles. A genuine 100M supported by BMHT and 100M Registry docs. Nut-andbolt restoration 20 years ago has stood the test of time. Awesome paint, most chrome and trim to same standard. Grille lightly scuffed. 100M Le Mans Registry badge. Lucas headlamps, fog and driving lights. Factory-fitted Triplex leather bucket seats are chafed, discolored, heavily creased and cracked. There’s a hole in the dash, although chrome trim is in place. Clean engine. Restoration docs, toolkits, own- 100 Sports Car Market

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Gooding & Co. Amelia Island, FL laminated windscreen clear. Good panel fit. Newish leather hood strap. Pristine interior with clean carpets. Stock heater. Trunk latch missing. Original, correct engine bay shows light use. Formerly in the collection of Kirk F. White. Cond: 2+. SOLD AT $115,500. Best Open Car at ’98 Amelia Island Concours. Fifteen years later, it hadn’t lost much of its magic to draw crowds. Spectacular looking in its color scheme. Got a lot of eyeballs in previews, but languished when it crossed the block. Sold at no reserve, it fell far short of meeting its low estimate. I’m figuring bidders were put off by its unknown whereabouts for 30 years, when it was rediscovered in Florida in the mid–’80s. Still, if the mechanicals check out, I’d say the new owner got a real-deal “Le Mans” for a bargain. Well bought. #53-1959 JAGUAR XK 150 S roadster. S/N T831946DN. Eng. # VS17549. Green/ blue canvas/blue leather. Odo: 44 miles. Three-year nut-and-bolt restoration completed in 2013 at a reported $125k. Work done to a high standard. Great repaint. Very good chrome shows light scuff marks here and there. Hood fit off, as are both doors. New windshield. New Coker tires. Clean undercarriage. Lovely new blue leather interior. Unsoiled purple carpets. No radio or a/c. Pristine engine bay with orange-painted accents. door. Nick-free wire-spoke wheels. Newer tires. Immaculate interior with supple Connolly leather. Factory-equipped heater, adjust- other modifications, the TR3A had a wider front grille than its TR3 sibling—hence its “large mouth” nickname. A delightful English roadster perfect for the local club meet and Sunday morning pick-me-up with the extra grunt from the larger motor. These have been slowly climbing in value for 10 years now, and average prices are approaching the $40k mark. That made this car, sold just shy of mid-estimate, a fair deal for both parties, with a slight edge to the buyer given its super condition. #38-1961 JAGUAR XKE Series I con- vertible. S/N 875771. Eng. # R30949. Indigo Blue/gray vinyl/blue & gray leather. Odo: 15,057 miles. Flat-floor E-type. Later ’62 or ’63 rebuilt engine. Recently completed frameoff restoration presents well. Paint very nice, wavy in places. Dark specks in headlamp nacelles. Gleaming chrome. Undercarriage powder-coated. Car was rewired, has correct Lucas battery. Fitted with aluminum radiator painted black to match original. Period Dunlops. Clean blue carpets and rubber floor mats. Correct period AM radio. Tidy trunk and engine able steering column, laminated windscreen and black tonneau. Spare in tidy trunk. Spotless engine. BMHT certificate, restoration photos. CA registration. Cond: 1-. SOLD AT $89,100. This looked great from afar and stayed that way the closer I got. It’s been said countless times before, but a diminutive English car in BRG with tan leather upholstery has got to be one of the greatest aesthetic achievements in the history of the automobile. Do I need to say that I loved this car? Sold right at mid-estimate for a market-correct price. Well bought and sold. GERMAN #80-1955 MERCEDES-BENZ 300SC roadster. S/N 1880155500030. Eng. # 1999805500033. Silver/crimson leather. Odo: 9,677 km. One of 53 hand-built roadsters with gorgeous Sindelfingen coachwork. Restored to the nines. Superb paint, chrome, glass. Sophisticated interior with beautiful wood. Becker Le Mans radio. Roadster-exclusive luggage in color-matching crimson red comes with car. Best in Show at 2008 Mercedes-Benz StarFest. Best in Class at Palo Alto, Hillsbor- Comes with JDHT certificate, restoration photos, operating manual, jack, toolkit and grease gun. Cond: 2. SOLD AT $167,750. Looked as if it could’ve just motored out of the restoration shop, save for a couple of issues that were only visible up close. The crowd couldn’t help but stroll by, as it was parked on a main aisle of the tent just beyond the registration area. The seller went underwater with the cost of the restoration factored in, but the hammered price was reasonable—if a little high. Slightly well bought. #75-1960 TRIUMPH TR3A roadster. S/N TS57452L. Eng. # TS57469E. Red/black vinyl/black leather. Odo: 1,376 miles. Fourowner car. Restored in 2000s to high quality. Great paint in what is thought to be original color. Very nice chrome. Glossy mudguards are an eyesore. Grille shiny and nick-free. Glass good. Clear Plexiglas wind wings. Chrome luggage rack in good shape. Sporty interior a bit dusty. White piping on leather seats. Tidy trunk. Engine bay shows light use. Upgraded 2.1-L motor. File with restoration photos. Side curtains, tonneau cover, and toolkit for when foul weather spoils open-air driving fun. Cond: 2+. SOLD AT $33,000. Among 102 bay. JDHT certificate. Manuals, toolkit, period spare parts catalog, dealer warranty cards. Cond: 2+. SOLD AT $129,250. This had the welded hood louvers but not the external hood latches that came with the first cars. I thought the Indigo Blue was polarizing and wasn’t in love with it. Not the level of originality that collectors prize in today’s market—there was the matter of the replacement motor—but right enough to realize decent money. Sold well below the low estimate, it was pretty as-is, and the buyer should enjoy it unencumbered by the thought of a looming full restoration. Fair deal for both parties. #67-1967 AUSTIN-HEALEY 3000 Mk III BJ8 convertible. S/N HBJ8L39145. Eng. # 29KRUH13807. British Racing Green/black vinyl/tan leather. Odo: 75,704 miles. Recent restoration to concours level. Excellent paint in original British Racing Green. Minor swirls. Great brightwork. Soft top is clean, fits tautly. Plastic rear window is clear. Weatherstripping around windshield loose. Cracked on driver’s ough, and Marin-Sonoma concours. Cond: 1. SOLD AT $990,000. A tour-de-force of German engineering and design and arguably one of the greatest cars that ever came out of a Mercedes factory. Last sold at Gooding’s Scottsdale sale in January 2011 for $660,000 (SCM# 168618). Appreciated 50% in three years and an additional 985 miles on the odo. In today’s market, seemed reasonable for an important car that just might be the best one on the planet. Well bought and sold. #82-1955 PORSCHE 356 “Pre-A” Super Speedster. S/N 81039. Eng. # 80031. White/ red vinyl tonneau/red vinyl. Odo: 82,043 km. Raced by Pedro Rodríguez in San Salvador in 1958. Exceptional restoration completed in Sports Car Market

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Gooding & Co. Amelia Island, FL 2009. Very good repaint in original color. Dull chrome bumpers and side trim. Wheels painted white. Dual exhausts. Like-new interior with Speedster-spec seats. Clean carpets. Rally clocks and Halda Speedpilot computer under dash. Red luggage box in cargo area. Clean trunk with spare. Scuderia Rodríguez badges, Mobil red Pegasus, Castrol stickers. Multiple awards at Porsche events and as-is (although not speedily, with its anemic 4-cylinder) and not a whole lot needed to bring to concours-quality. Well bought and sold. #84-1957 MERCEDES-BENZ 300SL Roadster. S/N 1980427500592. Eng. # 1989807500617. Light green metallic/green canvas/ green leather. Odo: 87,595 miles. Originally in ivory/red. Unknown early history, re-emerged in early ’90s with a non-300SL driveline. Topnotch restoration. Sublime paint, even if light green isn’t at the top of everyone’s list. Fantastic brightwork and trim. Great glass. Excellent panel fit. Door “thunk” should have been trademarked. New Michelins. Taut soft top, clear rear window. Museum-quality interior apart from missing ashtray and lighter. Trans- concours. Comes with Kardex, Porsche Certificate of Authenticity. Cond: 2+. SOLD AT $462,000. Three owners from new. Car is listed in the Scuderia Rodriguez Registry and featured in the book The Brothers Rodriguez. Photographed by motorsports photographer Jesse Alexander. The Santa Ana races took place on the streets of San Salvador between ’56 and ’59. In ’58, Rodriguez won the 1,300cc–1,600cc class and took 4th place overall. Solid competition history and Rodriguez connection sent this car well north of the $400k high estimate. This car needs to be valued as a race car, not a street car even though it has been restored to a concours standard. Viewed that way, it is fair to both buyer and seller. #3-1957 MERCEDES-BENZ 190SL con- vertible. S/N 1210407500052. Eng. # 1219216504129. Horizon Blue/white hard top/blue soft top/tan leather. Odo: 3,643 miles. Restored about six years ago and holding its own. Pleasing, straight paint adds elegance, although shiny chrome mudguards spoil the visual punch. Nice chrome. Hood fit off, as is driver’s door. Rubber around driver’s door is breaking off. New period-style Coker whitewalls show low miles traveled. Tidy interior. New leather upholstery hardly used. In-dash clock not working. Clean trunk with spare. Detailed engine bay with original Solexes. auction, it sat front and center on its own platform. A canny move on Gooding’s part, as it translated into big money. And while the price was a bit over the $1.8m high estimate, given the rarity and established cachet, I’d have to declare this a market-correct transaction. Well bought. (See the profile, p. 74.) #16-1959 BMW 600 microcar. S/N 148175. Eng. # 148175. Red/white vinyl & red cloth. Odo: 1,056 miles. Front hatch entrance with side entrance for passengers. Said to be a matching-numbers car in single-family ownership for almost 25 years. Nice, straight paint shows few faults. Chrome nice. Plexiglas wind wings. Adhesive under headlamp on passenger’s side is coming loose. Interior shows lots of enjoyment—well-preserved but a bit dated. Steering wheel cracked, chafed. Headliner mission not original. Donor 300SL engine in pristine engine bay. Cond: 1. SOLD AT $946,000. Although outstandingly well executed, this was not a pure original, and the color scheme was likely not to everyone’s liking. The 198.042 in the chassis prefix denoted it as a drum-brake car—produced in significantly higher numbers than its disc-brake and alloy-engine Roadster counterparts. All these factors are reflected in its lower market value. Fair deal, with a nod to the buyer for its world-class condition. #21-1958 BMW 507 roadster. S/N 70134. Eng. # 40146. White/black canvas boot/blue leather. Odo: 11,101 km. Highly original, numbers-matching car. In same ownership for almost 30 years. Lustrous paint. Shiny chrome. Micro-scratches on bumpers. Panel gaps excellent. Factory steel wheels wrapped in new Firestones. Tidy interior has a “lived-in” feel. Green/blue carpets clean. 240-km/h speedo. In-dash clock not working. AM/FM radio. Engine bay shows normal use. Original German-language workshop manual, supporting docs. Featured in the August 2011 issue of Roundel magazine. TOP 10 No. 8 good. No-frills dash, speedo only. New floor mats. Carpet soiled in cargo area. Restoration and service file said to accompany car. Cond: 2-. SOLD AT $39,600. Cute, cute, cute. Could be mistaken for an Isetta, but the 600 was larger, could seat up to four, had an additional side door for the rear passengers, and was more powerful. Sold for Isetta money, and being rarer and more practical too, could be more valuable. Fair deal for both buyer and seller, with the edge to the new owner. TOP 10 No. 3 #48-1959 PORSCHE 718 RSK roadster. S/N 718023. Eng. # 90215. Silver/red vinyl. One of only 34 RSKs built. Four-cam engine, chassis and aluminum Wendler coachwork all original. Documented by Porsche historian Jürgen Barth as a numbers-matching example. Exceptional restoration of one of the most important Porsches in the marque’s competition history. Utterly fantastic paint. Sharp interior with meticulous With hard and soft tops. Cond: 2. SOLD AT $143,000. Classy good looks in a well-executed package. Sold short of $170k–$200k estimate, but still a strong result and further evidence of the model’s growing appeal. Seller likely recouped a good chunk of the restoration costs. For the new owner, ready to roll 104 Titled a 1957. Cond: 2+. SOLD AT $1,815,000. Said to be one of only 214 Series IIs produced (253 built all years). A star of the attention to detail. Red vinyl seats look new. Engine glistens. Certainly eligible for historic races, driving events and concours galore. Cond: 1. SOLD AT $3,300,000. Last seen at Gooding’s Scottsdale sale in January 2013, where it realized $3,135,000 (SCM# 214789). Sports Car Market

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Gooding & Co. Amelia Island, FL One of the star cars of this sale, this RSK had prominent placement on a low, white platform. A steady stream of auctiongoers flashing their cameras completed the display. That it sold just above the low estimate was a bit surprising in my opinion. Regardless, the buyer got a rare investment-grade racer that should provide years of enjoyment. #29-1964 MERCEDES-BENZ 300SL Roadster. S/N 19804210003207. Eng. # 19898210000124. Gray blue/tan canvas soft top/black hard top/red leather. Odo: 80,239 km. Exceptionally original, mostly unrestored car. Repainted 40 years ago in original color, now dull. Chrome dingy, pitting evident. Euro headlights fitted with factory stone guards. Chrome wheels with alloy rims. WA license plate dated June 1970. Musty inside. Well-worn, but supple, seats. Sizable chunk of seat upholstery torn off. Dash dirty, TOP 10 No. 6 $116,600. This car was said to be one of 13 known to exist Stateside. Built by Glas in Dingolfing, Germany, before BMW bought the company. BMW made use of 1,255 remaining bodies and, among myriad modifications, adapted the 1600ti engine. Offered at no reserve, it went way beyond the $75k high estimate. Made all the sense in the world to me—although another silver car (the sole example listed in the SCM Platinum Auction Database) sold at Bonhams Paris this February for $35k in #3 condition (SCM# 238867). #86-1967 PORSCHE 911S Targa. S/N 500190S. Eng. # 962149. Polo Red/ black vinyl/ black leatherette. Odo: 292 miles. First year of 911S and Targa. Documented original owner was John Buffum, 11-time U.S. rally champion. Nut-and-bolt restoration in 2010; reportedly logged 300 miles since. Super paint, chrome, panel fit. Weatherstripping at roof cracked, pieces missing. Soft top fits like 2+. SOLD AT $46,200. Another of the impressive and rarely seen BMWs at this sale. Its honest, rakish good looks will only get better as time marches on. It’s a fine driver and a solid go-to choice for local meets and BMW car-club events. Rare enough in the States that pinpointing a market price is difficult, but with all it’s got going for it, I’d say very well bought and sold. #66-1968 PORSCHE 907 Longtail racer. S/N 907005. Eng. # 11. White/ red cloth. RHD. According to catalog, one of only eight Longtails built, two believed still to exist. Winner of the 24 Hours of Daytona in ’68—the first Porsche to win an endurance race. 24 Hours of Le Mans four-time entrant and 1971 Class-winner. Top 5 finishes at Sebring and Monza. Numerous class victories. Raced in period by factory drivers Vic Elford, Hans Herrmann, Jochen Neerpasch, Jo Siffert and Rolf Stommelen. Most Historically TOP 10 No. 2 but clear instruments. Later Nardi wheel. New black carpets. Engine bay dusty, rust on some components. Alloy block unstamped. Original toolkit, bilingual owner’s manuals. Cond: 3-. SOLD AT $2,035,000. This was a Euro-spec car documented as one of the last Roadsters delivered. One of only 210 disc-brake, alloyengined Roadsters produced. Those facts, originality, and dusty-but-not-filthy presentation sent the price just north of the $2m high estimate. Yet another strong result, but I’ll wager that prices still have a ways to go before the ceiling is reached. #20-1967 BMW 1600 GT fastback. S/N W001052. Eng. # W001052. Silver/black vinyl. Odo: 29,223 miles. Frua-designed, Maggiora-bodied GT with low miles. Gorgeous paint. Hood scoop. Pristine interior. Springloaded seats, driver’s cushier than passenger’s. Large three-spoke steering wheel doesn’t look original. Wood shift knob. Becker AM/FM cassette radio. Rear speakers. Clean motor. Twin Solexes. Original owner’s manual, service receipts. Hands-down one of my favorite designs at the auction. Never officially it should. PCA badge on engine lid. Faultless interior. Sport seats, wood wheel, new shortthrow shifter. Engine replaced with another ’67 unit. Meticulous engine bay. Kardex, Porsche Certificate of Authenticity. Cond: 2+. SOLD AT $195,250. A short-wheelbase example oozing with charisma. Desirable softwindow Targa and Buffum provenance piqued interest. Sold slightly under the $200k low estimate, but still big money for a car with a non-original engine. Market value for an early 911S this nice.. #12-1968 BMW 2000 CS coupe. S/N 1108807. Eng. # 1108807. Blue/black vinyl. Odo: 13,821 km. Euro-spec car. Matching numbers. Last restored in the late ’80s, still in remarkable condition. Great, nearly faultless paint. Brightwork shiny in places, dull in others. Newer Dunlops. Terrific, well-preserved interior. Gray and white cloth seats clean and unmarked. Beautiful wood dash. Aftermarket Panasonic tape deck. Wood strip on scuff-free black steering wheel a classy touch. Clean Significant Race Car and Most Historically Significant Porsche at Amelia Island 2011 and 2012, respectively. Cond: 2. SOLD AT $3,630,000. The catalog cover car, with 12 pages of photos and biographical information dedicated to it. Presented on its own stand inside the only entrance to the tent, with a protective barrier surrounding it. Impossible to ignore. While not a 917, still a historically significant Porsche. Stunning to look at, stunning to ponder. Well worth the price paid here. #14-1971 BMW 2002 cabriolet. S/N 2790141. Eng. # 2790141. Granada Red/black canvas boot/black leather. Odo: 40,328 km. Said to be one of 200 Baur cabriolet conversions with correct “279” chassis number. Imported from Greece. Repainted twice in current Granada Red, which is superb. Nice chrome and trim. BMW roundel on hood chipped. Excellent panel gaps. Unknown drooping wire underneath. Rocker panels re- exported to the U.S. Cond: 1-. SOLD AT 106 black carpet in trunk, but ripped. All-there engine bay shows use, but looks like it was attended to recently. Full documents. Cond: placed years ago, ditto floor pan from a donor car. BMW CCA and Baur badges. Interior a gem. Nardi wood wheel. No radio. Primitive a/c. Tidy engine bay. Original 4-speed. Owner’s manual, jack, spare, service and registration docs included. Cond: 1-. SOLD AT $68,200. One of 18 BMWs represented at this Sports Car Market

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Gooding & Co. Amelia Island, FL sale. In same family ownership for the past 12 years. A highly original, limited-production conversion that looked thoroughly vetted. No glitz here, just a seemingly honest example that was a beautiful sight to behold. Sold at no reserve, it soared past the high estimate, but worth every penny. Well bought and sold. #18-1972 BMW 3.0 CSL coupe. S/N 2212279. Black/black vinyl & cloth. Odo: 91,541 km. Said to be one of 169 early-production carbureted “lightweights.” Euro-spec car sold new in Italy, at some point exported to U.S. Three-year restoration in mid-’90s saw installation of new Weber carbs, 3.5-L motor, 5-sp. Good repaint in black, lots of light scratches, swirls. Good tricolor pinstriping. Nice chrome and trim. Glass has light scratches. Excellent wood in all-business interior. Drilled 3-spoke wheel looks aftermarket. vice docs. Cond: 2. SOLD AT $148,500. I loved everything about this car. Its presence was unmistakable and its design timeless. Limited-production, rare, first-series carburetion, the right colors, great design, and remarkably well-preserved condition dialed up bidders’ lust. The market has spoken: What was not too long ago a solid $40k car is now a low six-figure one with every indication that the trend will keep climbing. Well bought. #10-1973 PORSCHE 911 Carrera RS lightweight coupe. S/N 9113600883. Eng. # 6630875. Grand Prix White/black leatherette. Odo: 44,071 km. Highly original second-series RS with numbers-matching engine and transaxle. Delivered new to home market, transplanted to U.S. at an unspecified date. Paint spectacular and unblemished. Fuchs wheels painted blue. Original, alloy-framed ducktail spoiler unscathed. Excellent panel gaps. Underside clean and straight. Door pan- els and headliner said to be original. Carpets and lightweight seats re-trimmed and in good shape. Highly detailed engine bay. Battery on charger. Cond: 1. SOLD AT $1,402,500. One of only 200 real-deal M471 lightweights, which saw increased displacement, weightsaving measures (no radio), stiffer suspension and aerodynamic fitments, including the nowiconic “ducktail” spoiler. Announced before bidding began that the pre-sale estimate had been upped from $1m to $1.2m due to strong interest. Blew past the upper estimate, but given rarity and the seismic shifts that seem to define the current market, I’d call it a fair deal for both parties, with a nod to the seller. #15-1980 BMW M1 coupe. S/N WBS59910004301385. White/black leather. Odo: 25,502 miles. A highly original, low-mileage M1 in remarkably good condition. Paint good but not jaw-dropping. Nicks, chips on rear decklid and on rear BMW roundel. Flaking on rear bumper. Excellent panel fit. Standard Campagnolo wheels in good shape. Impressive original interior. Light green carpets slightly soiled. With a/c, power windows. Escort radar detector in glovebox. Kenwood speakers in doors. All-there engine shows light Detailed engine bay. Original matching-numbers engine block accompanies car, as do ser- use. Toolkit, service receipts, CARFAX with car. Cond: 2+. SOLD AT $379,500. Like every other teenager, I frothed at the mouth when this stunner debuted on American shores. Thirty years later, its force field has barely diminished in strength. The SCM analyst reporting on the $242k sale of another M1 at RM’s April 2013 Fort Worth sale said, “Well sold today, but will look like a bargain a year or two from now.” How right he was! Maybe the bar’s been raised for very original, low-mileage cars in great condition. We’ll see. Very well sold today. #24-1988 BMW M6 coupe. S/N WBAEE1417J2560911. Black/gray leather. Odo: 66,411 miles. One of 5,803 M6 coupes built 1987–88. Said to be one of 1,600 for the U.S. market. In single-family ownership for nearly 21 years. In exceptional condition. Edge nicks, 108 Sports Car Market

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Gooding & Co. Amelia Island, FL very light scratches, some crazing on otherwise wonderful paint. Excellent glass and trim. Power sunroof. Spoiler on rear deck unscuffed. Immaculate interior. Seats hardly show any use. All controls and gauges where they belong. Factory radio. All-there engine bay shows light use. Toolkit, owner’s manual, various accessories. Clean CARFAX. Cond: 2. SOLD AT $57,200. This was the last year of the E24 M6. Fast forward 25 years and it looks as good as it did back then—if not better. Even with its knockout styling and performance, this was still a startling result. But try finding another in this condition, and maybe it was a fair deal after all. The way the market’s shifting. I think we’ll find out sooner rather than later if the new owner made the right move. #36-1988 PORSCHE 959 Sport coupe. S/N WP0ZZZ95ZJS905012. Guards Red/gray cloth. Odo: 5,958 miles. One of only 29 Sport models produced. Started life in Europe. Low miles reported to be original. Numerous upgrades to engine, fuel and ignition systems. Wheels and tires by Canepa Design. Original metric speedo swapped out for U.S.-spec unit. Invoices totaling nearly $200k included with car. Spectacular paint. Pristine inside. Autoflug seatbelts. Concours engine bay. MA registra- fluid leaking. Comes with a stack of records, photos, accessories and documents, including a report by Marcel Massini. Cond: 3. SOLD AT $2,530,000. Another star of the show featured on its own stand surrounded by interested viewers. Surrounded too by machines in far better condition, this Ferrari was a veritable time capsule with all the right patina that many collectors drool over. The pre-sale estimate was not disclosed, but price paid looked like a fair deal for buyer and seller. Now let’s just hope no one spots the new owner at the restoration shop in 24 hours. #33-1956 ALFA ROMEO GIULIETTA Spider Veloce racer. S/N 1495003480. Eng. # 131541849. Blue/black vinyl. Odo: 58,033 miles. Race-prepped in Italy in the ’50s. Believed to be the under 1.3-L winner at Sebring in ’57. Nicknamed “Maria.” Once owned and restored in the ’90s by West Coast Alfa racer Al Leake. Later-series rebuilt 1.4-L engine with twin Webers. Paint nearly blemish-free. Removable hard half-tonneau for passenger’s tion. Has manuals, tools and records, as well as original parts from upgrade. A magnificent presentation. Cond: 1-. SOLD AT $1,100,000. This car’s many mods dialed up the blistering performance. Horsepower jumped from 450 for the “base” variant to a fire-snorting 600 and pushed torque from 369 ft-lbs to 570. Positioned in a highly-trafficked area of the tent, this one had plenty of oglers filling in the ample space around it. Hard to find anything amiss here. Just shy of the $1.2m top estimate, but a huge price anyway. Well sold for what will likely be a common result soon enough. ITALIAN #62-1955 FERRARI 250 EUROPA GT coupe. S/N 0409GT. Eng. # 0409GT. Gray & maroon/red leather & gray cloth. Odo: 14,208 km. Euro-spec car. Low-mileage, all-original, never restored. Spent part of its life in storage for a few decades. Decent paint reflects low miles. Blistering on chrome rear bumper. Marchal headlamps remarkably clear. Cloudy Carello taillights. Well-preserved interior is a bit musty but has great patina. Seats are dirty with cracks and heavy creases in places. Clear gauges. Engine shows use, but no sign of any TOP 10 No. 4 June 2014 area. Battery cutoff switch. Interior authentic save for racing seats, harnesses and roll bar. Fuel cell in trunk. Engine bay clean. Cond: 2-. SOLD AT $61,600. Prepped for vintage competition, but street legal in Florida. Last sold at Russo and Steele’s 2007 Monterey sale for $90k (SCM# 46515). On this day, seller offered it at no reserve and apparently took a loss. The new owner paid a market-correct price and can enjoy the many vintage events that will surely welcome this car. Well bought. #54-1956 LANCIA AURELIA B24 S Spider America. S/N B24S1155. Eng. # B241211. Red/black leather. Odo: 41,613 miles. One of 240 Spider Americas, of which 181 were reportedly left-hand drive. In static storage for nearly 40 years. Recent comprehensive restoration is exceptional. Exquisite repaint in original red. Terrific chrome, save for some minor scratches on bumpers. Aftermarket Borrani “Bimetal” cream-colored wheels and polished rim. Great glass. New 109

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Gooding & Co. Amelia Island, FL leather upholstery. Clear instruments. Spotless trunk in correct square-weave pattern. Engine since the late ’70s. Repaint in original red is very good, but not quite show-quality. A few scratches on bumpers. Excellent glass. Awesome original interior dressed in Skai artificial leather. Green carpets don’t help. Trunk shows slightly soiled carpets. Material lying under- #74-1972 FERRARI 365 GTB/4 Daytona coupe. S/N 15117. Eng. # B1708. Fly Yellow/ tan leather. Odo: 34,527 miles. Low-mileage car. Repainted in Fly Yellow, interior retrimmed in tan leather with black inserts in early 2000s. In John O’Quinn Collection from 2004 to ’09. Comprehensive, engine-out restoration completed 2012. Gorgeous paint. Hood has crack in left air scoop. Crack in right-side parking light. Chrome bumpers shiny. Borrani wire wheels. ANSA exhaust. Seats have right amount of give. Becker Mexico radio. Clean trunk. Detailed engine bay. Recently serviced. bay should be a tourist attraction. Cond: 1-. SOLD AT $1,292,500. A very desirable Lancia that had everything going for it. A majority of Spider America production was designed for the growing U.S. market, hence the “S” in the model name, which stands for “sinistra,” or “left,” referring to left-hand-drive cars. This example sat alongside the aisle just as attendees made their way into the tent’s main entrance. It broke the $1m mark and hammered sold at the lower end of the $1.25m– $1.55m estimate. For now, well sold, but poised to give the buyer a good return on investment. #52-1958 DUAL-GHIA convertible. S/N 197. Eng. # D5007723. Blue/blue & tan leather. Odo: 736 miles. One of 117 built. Restored in mid-2000s to concours level. Beautiful paint and chrome. Light scratches on front bumper. Good panel fit. Good glass. New Firestone whitewalls tucked into polished wire wheels. Clean underneath, no visible rust. Fabulous interior looks barely used. Clean carpets. Tinted plexiglas visors. AM radio. Trunk locked. Sweet engine bay. Class styling neath carpets has large cracks covered in duct tape. No signs of rust. Spare tire. Sweet engine bay, better than expected for 97k miles. Cond: 2. SOLD AT $638,000. A stunning late-production 206 GT and a stunning price. That the auction catalog described it as incredibly original and virtually unknown in the Ferrari community (although documented by Marcel Massini) spawned gotta-have-it fever that had bidders rummaging for their checkbooks. A stratospheric price, but an outlier result. More a reflection of the value the market is attaching to the originality of certain marques and models today rather than a reset in the 206 GT market. #35-1969 FIAT SHELLETTE beach car. S/N 100GB1231722. Blue/blue & white canopy/wicker. Odo: 16,134 km. Said to be one of only 80 produced, 10 believed to still exist. Michelotti design in collaboration with Phillip Schell, a yacht designer. Exceptional cosmetic restoration of mechanicals and wicker interior done two years ago by previous owner. Respray in early ’90s remarkably straight. New striped Sunbrella canopy top with Tenax snaps. Polished wheels on newer Michelins. Wicker everywhere in impeccable Manuals, tool roll, jack kit, and stands. Marcel Massini documented. Cond: 1-. SOLD AT $660,000. No-sale at Bonhams’ Brookline, MA, sale in 2003 at $98k (SCM# 31022). No-sale at Bonhams’ Carmel sale in 2009 at $210k (SCM# 142029). Last seen at RM’s 2012 Monterey sale, where it realized $396k (SCM# 212792). Obviously no stranger to the auction scene, but its wheels have only seen 558 miles in 11 years, and the issues noted in 2009 have been resolved. Handsome payoff for the seller. Buyer paid a slight premium, but signs point to redemption. Well sold today. #56-1973 ISO GRIFO Series II coupe. S/N 350410. Metallic blue/blue leather. Odo: 49,280 km. One of 412 Iso Grifos built and one of a reported 34 with Ford 351 Cleveland. Euro-spec, late-production car. Largely original throughout. Decent paint, crazing evident. Lots of light scratches on front bumper, but good chrome. Good glass. Campagnolo wheels. Seats sag a bit. Wood dash intact. award at 2010 Pebble Beach (plaque on glovebox), People’s Choice at 2010 Fairfield County Concours, Best in Show at 2011 Greenwich Concours. Cond: 1-. NOT SOLD AT $295,000. It’s no wonder members of the “Rat Pack” adopted this car as one of their own. Knockout styling and an aura of “cool” that still radiates from every angle of its classy Ghia body. After a dip in 2010, the SCM Platinum Auction Database shows these to be on a noticeable rise. Average sales at auction approached $360k in 2013, explaining the seller’s choice not to lift the reserve. #70-1969 FERRARI 206 GT DINO coupe. S/N 00378. Red/black faux leather. Odo: 96,984 miles. One of 152 206 GTs built. An original car that’s never been shown, restored or offered for public sale. In California 110 interior. New sisal carpets and coco floor mats. Tidy trunk with spare. Engine bay reflects low miles. Open-air fun. Cond: 1-. SOLD AT $55,000. If the Jetsons took a beach vacation, this is the car they’d be driving. Unlike the more common Ghia-bodied Jolly, the Fiat 850-based Shellette design is more stylish and aero. Last sold at Bonhams’ 2013 Greenwich sale for $40k (SCM# 225986). Today it yielded a decent premium for the happy seller, but still far less than Lot 69, the $79k Jolly. Puzzling, given the Shellette’s rarity and this particular car’s low miles. I’m left to believe the polarizing Michelotti design holds it back. A good buy, but very well sold. Original headliner yellowing. Nardi wheel. Klippan seatbelts. Voxson stereo. Optional a/c and automatic. No access to trunk or engine, but catalog photos show lightly used bay. Comes with Italian registration. Cond: 2-. NOT SOLD AT $240,000. I loved this car. It had character, and its low miles kept it in a remarkable state of preservation. While the current market is attaching a premium to original cars, the $300k low estimate was aggressive, in my opinion. High bid was close but not quite there. Sports Car Market

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Gooding & Co. Amelia Island, FL #5-1974 FERRARI 246 GTS DINO Spyder. S/N 08070. Viola Metallizzato/black leather. Odo: 25,706 miles. Cosmetic restoration completed in 2012 to high standard. Bare-metal repaint in original and rare purple metallic is an eye-grabber. Gleaming minimal chrome. Good glass. Cromodora alloys unscuffed. New ANSA exhaust. Awesome interior with reupholstered black leather seats and mouse-hair dash. New carpets, liners. Factory a/c, power windows. Engine bay not detailed to same impressive standard. Toolkit, manuals, of these trade in the sub-$10k range. Not this car, though, which was in a different league altogether. Helping its cause was an attentive seller fielding questions. Sold just north of the high estimate, but for what’s probably the finest 1600 on the planet, I venture to say it was a good deal for both parties. (See the profile, p. 72.) AMERICAN #68-1906 AMERICAN TOURIST Roi-des-Belges tourer. S/N 1783. Red/black cloth/red leather. RHD. Odo: 482 miles. Last restored in the early ’60s. First production car designed by Harry Stutz. Early AACA National First Prize winner (plaque on dash). Long-term display at Maine’s Seal Cove Auto Museum until ’08. Formerly owned by Dr. Samuel Scher (with stylized “S” monogram on doors). Black mudguards. Good paint, some scratches and cracks in rear. Brass Rushmore and maintenance records dating back to 2002 come with car. Cond: 1-. SOLD AT $341,000. A desirable low-mileage car that sold in the middle of the estimate range for a marketcorrect price. I’m an ardent fan of the Dino’s exceptional design, but even I would have trouble ponying up the funds to buy this one in its purple livery, despite its high-quality finish. A few years ago, these prices would have been inconceivable; welcome to the new normal. Offered a year ago at Auctions America Fort Lauderdale, not sold at $295k (SCM# 215713), so the seller made the right call. Well bought and sold. JAPANESE #6-1968 DATSUN 1600 roadster. S/N SPL31117895. Silver metallic/red canvas/red vinyl. Odo: 43,041 miles. Absolute stunner. No-expense-spared restoration completed in 2013. All components refurbished to original specs. Superb repaint faultless. Brilliant chrome. Upgraded with a Datsun 5-speed manual and hidden radio amplifier—perfect for top-down cruising. Squeaky-clean trunk. Detailed engine bay a whisker away from concours-level. Requested for display at the headlights, swiveling cowl-mounted searchlight. Gray & Davis sidelights. Brass bulb horn. Screw missing on right rear fender. Minimally used interior. Clean engine bay. Cond: 2-. NOT SOLD AT $170,000. This car had a lot of character and presence, despite its location in the back of the tent. These very rarely come to market. This example was last seen at Bonhams’ 2011 Carmel sale, where it no-saled at $230k (SCM# 183062). High bid was $30k shy of the low estimate. Seller thought it was worth more, and I’d have to agree. AACA Museum. Many awards accompany car. Cond: 1-. SOLD AT $50,600. A looker that glimmered under the tent lights. The crowds gathered around it were a telltale sign that interest in Japanese cars is growing. Most 112 #43-1909 ALCO 40-HP runabout. S/N 3634013. Eng. # 142408. Blue-green/beige canvas/tan leather. RHD. Odo: 717 miles. One of 12 surviving ALCOs in the world, believed to be one of two or three with early dual-chain drive. Once displayed in the Indianapolis Hall of Fame Museum. Eye-catching paint is good. Pinstriping has no imperfections. Great detailing throughout. Lovely brass brightwork and trim. Correct Solarclipse brass headlamps and rear lantern. Side-mounted spare is spoke-less. Original gauges and clock. 60 mph Stewart speedo. Engine bay a centerpiece with greenpainted accents, copper cooling lines and brass fittings. Cond: 2+. SOLD AT $280,500. Brass Era cars are showing up more and more on collectors’ radar screens, and their values will continue to climb as new events allow them to flex their touring muscles. Not the speediest cars of the era, but nevertheless very capable and, dare I say, practical. Looked like the buyer got a great deal, one that may see a nice payoff down the road. Well bought. #60-1913 PIERCE-ARROW MODEL 48-B tourer. S/N 10431. Blue/black leatherette & cloth/black leather. RHD. Odo: 4,189 miles. The Model 48 (the number refers to its horsepower) was the mid-level model in P-A’s line of 6-cylinders, bookended by the 38 and 66. Believed to be the last remaining example of this model. Frame-off restoration in early ’90s; won its class at Pebble Beach in ’94, as well as 1st Place, Best of Show, and Best Restoration at P-A National Meet the same year. Paint has lost its luster. Red pinstriping a nice touch. Good cast-aluminum components. Inte- rior well preserved. Formerly in the Milhous Collection. Original factory brochure. Cond: 2. NOT SOLD AT $330,000. A wonderful, imposing tourer direct from Buffalo. Perfectly eligible for all Brass- and Nickel-Era events. Last seen at RM’s Boca Raton sale in February 2012, where it fetched $385k (SCM# 192780). Prior to that, it sold at Christie’s sale at Pebble Beach in 2003 for $222k (SCM# 36218). Cars of this age have really caught on of late, and interest continues to grow. $450k low estimate may have been a bit high, but it’s the only one of its kind still around today. I venture to say the seller did the right thing by taking it back home. #87-1928 ROLLS-ROYCE PHANTOM I Pall Mall tourer. S/N S10 3RP. Eng. # 21037. Silver & maroon/gray canvas/crimson leather. Odo: 75,411 miles. Springfield car converted from a Brewster “Lonsdale” to a Sports Car Market

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Gooding & Co. Amelia Island, FL “Pall Mall” five-passenger open tourer using body #M1861, which was originally fitted to Phantom I chassis #S161PM. Cosmetic restoration completed in 1987. Great paint, chrome, trim. Wind wings. Clean canvas soft top. Rims painted red. Elegant interior. Seats show minimal wear. Wood dash untarnished. Clear year restoration completed last year. Deep brown paint marred only by pockmark on hood; flawless presentation otherwise. Dazzling brightwork. Sumptuous new leather upholstery. Cord’s aircraft-like control levers enhance dash panel’s mechanical beauty. Spotless trunk. Rebuilt engine shows lots of TLC. CCCA Full Classic. Cond: 1-. NOT SOLD AT $150,000. The 812 SC Sportsman continues to be the most coveted Cord model. Limited production, sleek design (penned by Gordon Buehrig), and a supercharged Lycoming V8 all conspire to keep demand red-hot. This car’s sheer mass created quite a presence the closer you got, although its location near a corner of the tent (and the focus on European collectibles) diminished its impact. High bid didn’t come close to the $250k low estimate. Seller was right to take it home. gauges. Senior AACA Award at Hershey in 1987. CCCA Full Classic. Stands tall and proud. Cond: 2+. SOLD AT $203,500. A car that looked as if it were driven directly from the the showroom to the auction. Credit the 25-year-old remarkable restoration. Last seen at Worldwide’s 2009 Auburn auction, not sold at a high bid of $220k (SCM# 142484). Sold squarely mid-estimate today, suggesting that the price was market-correct. The new owner got a beauty that’ll make good cocktail party conversation. Well bought and sold. #7-1937 CORD 812 SC Sportsman con- vertible. S/N 32420F. Eng. # FC2807. Brown/ red leather. Odo: 2,132 miles. Two-owner car discovered in late ’90s after 60 years of storage. One of only 64 originally supercharged 812 SC Sportsmans built. Outstanding three- removed. Great two-tone paint, although white not as luminous as teal. Brightwork better in places than others. Excellent glass. Left rear door out. Shiny wheels. Impeccable interior. All-there controls. AM radio. Minor use, but no-mess engine bay. Cond: 2+. SOLD AT $132,000. Two-year-only model. Considering the modifications, this sold for big money, but the new owner took home a unique GM artifact that’ll keep the neighbors guessing. Well sold. © CAR COLLECTOR June 2014 AMERICAN #63-1957 BUICK CABALLERO 4-dr hard top wagon. S/N 6D2034615. Teal & white/white leather. Odo: 642 miles. 401-ci V8, 3x2-bbl, auto. Understated custom with later Buick V8. Signature fender portholes and two-tone sweep spear disappeared in ’58 model. Restored by Mike Fennel, one-time Blackhawk Collection technical manager, in 2010. Ride height lowered and door handles ™ AmericanCarCollector.com/subscribe SUBSCRIBE TO ACC 877.219.2605 Ext. 1 113 Keith Martin’s

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Dan Kruse Classics San Antonio, TX Dan Kruse Classics — San Antonio 2014 A 1965 Corvette 396/425 coupe sold for $59k and looked like an immensely appealing driver, with flawless deep black paint Company Dan Kruse Classics Date March 29, 2014 Location San Antonio, TX Auctioneer Daniel Kruse Automotive lots sold/offered 81/157 Sales rate 52% Sales total $1,416,744 High sale 1999 Chevrolet Corvette custom convertible at $62,640 Buyer’s premium 8%, included in sold prices 1965 Chevrolet Corvette coupe, sold at $59,400 Report and photos by Doug Schultz Market opinions in italics T he Dan Kruse Classics 2014 San Anton tion took place March 29 at the Expo Hall at Freeman Coliseum. Clearly the auction was well attended by qualified bidders who knew what things were worth. There were few families or non bidding tire-kickers — mostly just serious c guys interested in buying and selling. As such, there were no real bargains or o prices paid for the vast majority of cars, and the cars typically sold within their estimated price ranges. The bidders generally held on to their wallets, which helps explain the sales rate of 52%. The consignors, likewise, knew the value of their vehicles and didn’t seem afraid San Antonio, TX o take them home if they couldn’t get a reasonable price. Overall, 81 of 157 cars sold for a total value of $1.4m and an av- erage sale price of $17,500. In comparison, the 2013 San Antonio auction totaled $1.8m, and 90 of 183 cars changed garages, for a sales rate of 49% and an average $20k price. The top sale of the day was a customized late-’90s Chevrolet Corvette styled like a ’67. It was an appealing silver color, and it sold r $63k. nother highlight was a 1965 Corvette 396/425 coupe that sold for $59,400. The driveline was not original, but it looked like an immensely appealing driver, with flawless deep black paint and gray leather interior. There were three 1955 Chevys consigned, and they all sold well: a Bel Air convertible at $60k, a Bel Air custom at $53k and a 3100 custom pickup at $38k. Other cars that sold toward the top of the chart included a sweet 1940 Ford street rod convertible at $60k and a Vitamin C 1970 Road Runner sporting a 440 Six Pack and 4-speed that brought $48k. What bargains that could be had were in the 1969 Pontiac GTO Judge 2-door hard top, sold at $39,960 116 sub-$25k category, and there was a good selection from most marques and eras. An aspiring collector could have found at least two or three cars he really liked and come home with one at a fair value. ♦ $2.5m $2m $1.5m $1m $500k 0 Sports Car Market 2014 2013 2012 Sales Totals

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Dan Kruse Classics San Antonio, TX ENGLISH #241-1957 AUSTIN-HEALEY 100-6 roadster. S/N 36252195. Silver/black vinyl/ red vinyl. Odo: 48,593 miles. This car needs a total restoration. Quickie paint job, poor panel fit. Chrome grille-surround is discolored, dented and dinged. Windshield cracked from top to bottom. Top needs to be replaced. Seats nice but re-covered in an unknown non-correct material. Gauges all there but needing restoration. Cond: 4-. NOT SOLD AT $15,000. Add- parts in excellent condition. Interior near flawless. Cond: 2+. SOLD AT $8,208. The color combination of blue/tan on this car made it an eye-catcher. The custom interior was well done and was an ideal match for the car. Although the winning bid seems high for a ’65 Beetle, the buyer got good value for his money. ing insult to injury, this car currently has a Chevy 283 engine. On the plus side, the original motor and transmission were included with the sale. Regardless, Austin-Healey parts are pricey, and this car needed them all. A potential buyer would need to spend considerable time just to determine if the chassis and body are decent enough to consider a restoration. The buyer would need to be able to do most of the work himself to justify a higher bid, and that person was not in the room. #217-1974 MG MIDGET convertible. S/N GAN5UE145638G. Blue/black vinyl/ black & green vinyl. Odo: 79,549 miles. Lessthan-average paint with waves, orange peel and fisheyes. The chrome bumpers and windshield trim are brushed. Good glass. New top. Custom seat and door panel re-covering. seat has several cracks. It leaks oil as well. Cond: 4-. SOLD AT $6,480. Somehow, this funky little car had appeal. You just need to figure out what to do with it. Apparently the buyer has a plan, since the price paid seemed a tad high. On the other hand, when are you going to see another? AMERICAN Cond: 3-. NOT SOLD AT $7,500. The quality of paint that one can tolerate is subject to the potential buyer’s taste. Either the high bidder was satisfied with the paint as-is or was willing to redo the paint and bodywork himself. After all, it is a small car with minimal exterior trim. The high bid was generous, and this car should have sold. GERMAN #293-1965 VOLKSWAGEN BEETLE 2-dr sedan. S/N 115444451. Blue/tan vinyl & cloth. Odo: 8,334 miles. A lot of attention to detail in this restoration. Very minor orange peel and fisheye. Chrome, glass and rubber 118 #243-1931 CHEVROLET INDEPENDENCE 2-dr sedan. S/N 21A141988. Red/ gray cloth. Odo: 31,133 miles. Mustang front end and Ford rear end on a steel-bodied car. High-quality paint with just a few bubbles on ITALIAN #344-1931 ALFA ROMEO replica spi- der. S/N 118348899. Blue/black vinyl. Odo: 30,848 miles. Barn-find VW-based kit car. Paint is old and tired; faded, cracked and chipped throughout. Wire wheels need restoring. Windscreens milky and delaminating. The tisement claimed the truck to be an older restoration, and it showed to be the same. A 1940 Ford truck with a 239 flathead engine and a column-shifted 3-speed would be the perfect vehicle if you had a farm and wanted to go to town. It shouldn’t have taken more than a couple more grand for this truck to change owners. Recently sold for $27k at Mecum KC in December 2013 (SCM# 239691). #284-1947 FORD PANEL DELIVERY. S/N 799Y1864829. Tan/gray cloth. Odo: 19,321 miles. 350-ci V8, auto. Custom build on a Chevy Blazer 4x4 chassis. 350 Chevy power with a Turbo 350 transmission. Paint presents nicely but shows some wear. Some discolored runs on both quarter-panels—pos- right rear quarter-panel. Some paint chips touched up. Interior nice, with some wear on driver’s seat. Engine compartment shows the 31,000 miles since the build and could be touched up. Cond: 3+. SOLD AT $34,560. Last sold in November at Leake’s Dallas sale for $30,500 (SCM# 234726). This car was well thought out, with a 350 engine with modern performance goodies and a/c. The chopped top looked good, as did the suicide doors and electric sunroof. This car has seen some miles and will undoubtedly see many more. The price seemed dead-on for a street rod of this quality and condition. #230-1940 FORD pickup. S/N 54509453. Blue/black vinyl. Odo: 47,907 miles. Decent paint. Some scuffs on running boards. Small bubbles on right rear fender and tailgate. Most chrome presentable with some rust on front bumper. Wood in bed and side rails could use refinishing. Seats nice. Cracks in steering wheel. Engine compartment shows some age. Cond: 3. NOT SOLD AT $25,000. The adver- sibly from dirt embedding itself after a rain. Left custom mudflap dented. Some overspray on taillight gaskets. Interior shows some wear but still looks decent. Cond: 3. NOT SOLD AT $31,000. A lot of attention was paid to this Sports Car Market

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Dan Kruse Classics San Antonio, TX build, and it was executed well. The long list of options included a/c, tilt steering, cruise control and a sunroof. It’s an unusual vehicle to street rod and, as such, is hard to value. It recently sold for $28k at Mecum KC in December 2013 (SCM# 239800), confirming the correctness of this bid, but somewhere there is probably someone who will pay more. #237-1953 PLYMOUTH SUBURBAN faux woodie wagon. S/N 13411646. Green & faux wood/green vinyl. Odo: 55,111 miles. 218-ci I6, 1-bbl, 3-sp. This car has beautifully applied paint, but the wood wrapping could have been performed better. Minor cracks in vinyl in both doors. Driver’s door has several noticeable bubbles. Both bumpers excellent, but other chrome has brush marks. Glass slightly milky, and a couple windows are starting to delaminate. Utilitarian interior looks stance made it stand out, and the bonded title apparently didn’t bother anyone, since bidding was spirited. The price paid represented good money for an excellent truck and a fair value for both buyer and seller. #252-1955 CHEVROLET BEL AIR con- vertible. S/N VC55F005810. Blue & white/ white vinyl/blue & white vinyl. Odo: 83,297 miles. V8, auto. Engine specs unknown. Nicely applied paint shows well. Noticeable chip on body underneath trunk lid. Some panel fit issues at doors and hood. Bumpers and glass good. Boot has some blemishes. Oneinch tear in driver’s seat stitching. Hubcaps all show buffer scuffing. Cond: 2. SOLD AT $60,480. The amount paid was in the range of typical sales, give or take a few thousand either way. Fair value for both buyer and seller. #264-1955 CHEVROLET BEL AIR cus- presentable, with no major issues. Cond: 3+. NOT SOLD AT $23,000. Excellent color combination for this car. The detail paid to creating the custom wood wrap showed considerable thought. The issue would be in how to re-create and reapply a replacement appliqué on the driver’s door. Otherwise, this car was a real head-turner. Determining the value on a one-off vehicle like this is tough, but obviously the high bid wasn’t sufficient to change owners. #246-1955 CHEVROLET 3100 pickup. S/N VH255K033667. Green & gray/green & tan vinyl. 5.7-L fuel-injected V8, auto. Features an LS1 engine with speed goodies coupled to a 4-speed automatic transmission. The many additions included 4-wheel discs, digital dash and enough engine chrome to blind you. The only nits to pick are a chip on the driver’s door and the passenger’s door not fitting ex- tom 2-dr sedan. S/N C55B204602. Red & white/tan leather. 454-ci V8, 4-bbl, auto. Listed by Jeff Allen of “The Car Chasers” fame. High-end build with beautiful paint. It features a 500-hp 454 with aluminum heads coupled to a 700R4 4-sp automatic transmission. Four-wheel disc brakes, digital dash and Vintage Air are just a few items on a lengthy list of goodies. Only flaws are the panel fit on the passenger’s door and minor buff marks on some of the chrome trim. Cond: 2+. SOLD AT $53,460. After not selling on the block at a high bid of $47k, the car sold shortly thereafter post-sale. Jeff Allen explained that he thought the sales price should have been higher, but he’s in business to sell cars. It looked like a fair value for buyer, seller and auctioneer. #224-1963 BUICK RIVIERA 2-dr hard top. S/N 7J094216. White/red leather. Odo: actly right. There are also a few wrinkles in the vinyl headliner. Cond: 1-. SOLD AT $37,800. This high-quality truck drew a lot of attention. The color combination, wheels and June 2014 119

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Dan Kruse Classics San Antonio, TX 50,335 miles. 401-ci V8, 4-bbl, auto. This car needs a total restoration. Large rust bubble on driver’s side fender. Several rust bubbles in both rear quarter-panels. Roof paint is covered with fisheyes. Chrome is pitted and brushed. Rusty wheels. Front seats re-covered, but rest of interior needs attention. Nice gauges. Cond: 4. SOLD AT $10,152. On the plus side, this was a first-year Riviera with one-family ownership. The 50k miles may have been original, but no mention of that fact was made. Regardless, the cost of a quality restoration will be high. There are very few parts being reproduced. Chrome and leather restoration is going to be pricey. There are acres of body panels that need prep and paint. With these facts in mind, the car was well sold. #337-1965 CHEVROLET C10 stepside pickup. S/N C1445S177138. Red/black leather. Odo: 10 miles. V8, 4-bbl, auto. V8 of unspecified displacement with “double hump” 202 heads, double-pumper Holley carb. Overall nicely done, with straight panels. Some bubbles on front of hood and one on top of hood. Three or four chips need to be touched up. Excellent chrome and glass. Wood in bed shows some wear. Beautiful interior is well executed, with Harley logo imprinted on back panel at rear. Front bumpers needed rechroming. Rear bumpers rechromed but could have been prepped better. Window weatherstripping needs replacing. Some minor gravel chips in windshield. Interior shows well, but carpet wrinkled in rear. Engine compartment could use detailing. Cond: 2-. SOLD AT $59,400. Black paint hides nothing, which makes the excellent quality here all the more impressive. The side exhaust, spinner wheels and stinger hood were nice accents, and a black Corvette with gray leather is a really nice color combination. No mention was made of matching numbers, which, on a Corvette, usually means they don’t. Even though this car showed well, the price paid was all the money. Slightly well sold. #203-1965 FORD FALCON Futura convertible. S/N 5H15C106491. Green/white vinyl/tan vinyl. Odo: 85,614 miles. 289-ci V8, 4-bbl, auto. A California black-plate car owned by the same family for over 45 years. Overall, paint appears to be of good quality. Chip in left quarter-panel. Some orange peel. A few dings in chrome trim on both sides of car. Several small gravel chips in windshield. Front bumper excellent. Rear bumper slightly discolored, with some pitting. Interior presents well, but the gauges could use restoration. buff marks and scratches in bed. Good chrome throughout. Some minor gravel chips in windshield. Interior shows well. Steering wheel appears to have metallic red paint, which doesn’t look quite right. Engine compartment could use detailing. Cond: 2-. SOLD AT $19,440. Overall, a good-looking truck with attention to detail when restored. California black plates are a plus. The big V8 with a 4-speed should be perfect for tooling around. Not long ago, the price paid would seem high. Not any more. Fair value for buyer and seller. #286-1967 DODGE CORONET 2-dr hard top. S/N WH23F71150607. Black/black vinyl. 383-ci V8, 4-bbl, auto. Below-average paint that has waves, bubbles, fisheyes and overspray. Rechromed bumpers. Most other chrome is average at best. Chrome grille-surrounds are dented. Some gravel chips in windshield. Interior presents well other than a small of leather seat. Cond: 2. SOLD AT $15,660. This truck was a late entry and may not have been looked over by all bidders. The color (House of Kolor Firemist Red), combined with the wheel/tire package made this a headturner. However, neither door seemed to want to close right. If it turns out that they only need adjusting, this may have been the value of the day. It recently sold for $7k at Mecum KC in December 2013 (SCM# 239669), so the seller made money, but I still call it well bought. #315-1965 CHEVROLET CORVETTE coupe. S/N 194375S100357. Black/gray leather. Odo: 71,571 miles. 396-ci 425-hp V8, 4-bbl, 4-sp. Mirror-straight paint with no visible cracking. The only defects spotted are a few paint chips touched up on right quarter- Two-inch tear in trunk. Cond: 3. NOT SOLD AT $22,250. This Falcon was nicely done. The V8 with auto, power steering and power disc brakes should make this a nice cruiser. The seller wanted $28k and explained that the Falcon was built on the same chassis and powertrain as the Mustang, and that the Falcon was much more rare, so it should bring as much as a Mustang. While the conclusion is obviously debatable, even if the premise is valid, the high bid was a little low. The car is worth a couple grand more. #327-1966 FORD F-100 pickup. S/N F10YR847886. Red & white/red & white vinyl. Odo: 35,824 miles. 352-ci V8, auto. Straight, solid truck with nice paint. Some overspray on window weatherstripping. More time could have been spent on taping for the two-tone paint on the top of the tailgate. Some liner. Huge Pro-Comp gauges look a little odd in the factory dash. Sanden-style a/c compressor. Engine compartment could stand some detailing. Cond: 2. NOT SOLD AT $21,000. Overall, this was a good looking car that should perform well. However, it is a 1967 coupe with a 289 auto. Similar high-quality 120 Sports Car Market tear in rear seat and faded gauges. Engine compartment shows some wear and is in average condition. Cond: 4. NOT SOLD AT $13,000. A black 1967 Coronet with a red tailstripe and Crager SS wheels has a cool, aggressive look. You just have to look at this one from a distance. The high bid was generous, and the consignor should have taken the money. #244-1967 FORD MUSTANG coupe. S/N 7F01C134318. Black/red vinyl. Odo: 6,196 miles. 289-ci V8, 4-bbl, auto. Nicely restored car in a good color combination. Only defects are a ding on the left quarter-panel and some minor scratches in the right front fender. Small bubbles forming on right rear quarterpanel behind the door. Nice chrome and lenses with just some scuff marks on rear bumper. Good interior with some wrinkling in head

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Dan Kruse Classics San Antonio, TX cars abound at reasonable prices. This car should have changed hands at this price. Last seen at Mecum Dallas in September 2013, where it no-saled at $20k (SCM# 235851). #250-1968 AMC AMX fastback. S/N A8M397X278630. Orange/black leather. Odo: 65,233 miles. 390-ci V8, 4-bbl, 4-sp. Four large indentations on roof on driver’s side. Ding on passenger’s door. Driver’s door slightly wavy. Fisheye and scratches on trunk lid. Bumpers and glass good. Some dings and buff marks on other chrome trim. Crack in left taillight. Modern-era front seats. Gauges okay. Aftermarket carpet not tucked in properly in rear. Engine compartment average. Cond: 3-. NOT SOLD AT $19,000. A 1968 AMX with 390 and 4-speed is a desirable item. This car also had power steering, power disc brakes and sidepipes. Speed parts included a highrise intake manifold, headers and electronic ignition. The car sounded healthy when fired up to go through the line. The high bid must have been just a little short of getting this deal done. #283-1968 CHEVROLET CAMARO SS 396 replica coupe. S/N 124378N392230. Red/black vinyl/black vinyl. Odo: 37,855 miles. 396-ci V8, 4-bbl, 4-sp. Nicely applied paint in good overall condition. Proper panel fit. Some small chips on fenders, cowl and doors. Brush marks on rear bumper. Vinyl top presents well, as does interior. Aftermarket gauges below dash. Engine compartment okay. Interior shows well, with just minor wear on driver’s seat and some warping of driver’s door panel. Cond: 2. NOT SOLD AT $24,500. This car was previously in the John O’Quinn Collection, and all proceeds were to go to a local Catholic charity. It seemed like the high bid was just $1k or so short of selling. Based on the car’s quality and desirability, it should have changed hands. Cond: 3. NOT SOLD AT $25,000. This SS tribute exuded quality, despite having been driven some miles. Plus, the color combination is desirable. The largest knock would be the engine compartment. The engine was painted an off-color orange, and the remainder of the bay could have used detailing. Still, the high bid was spot-on. Either the bidder or seller should have given a little ground so the title could have changed hands. #249-1969 CHEVROLET CHEVELLE SS 396 convertible. S/N 136679B338723. Red/black Haartz cloth/black vinyl. Odo: 29,457 miles. 396-ci V8, 4-bbl, auto. A beautifully restored SS 396 convertible in great col- 122 #277-1969 PONTIAC GTO Judge 2-dr hard top. S/N 242379B165026. Silver/black vinyl. Odo: 4,422 miles. 400-ci V8, 4-bbl, auto. Older, high-quality paint shows its age but has excellent panel fit. Couple of minor paint bubbles and chips. Passenger’s rockerpanel chrome trim dented. Enduro bumper compartment detailing shows a little age. Nice interior. The Haartz convertible top was nicely done but doesn’t quite look right on an otherwise correct restoration. Cond: 2+. NOT SOLD AT $46,000. The high bidder was willing to spend just under $50k for this car, which should have been close. However, a nicely optioned, nicely restored, SS convertible in red/black is probably worth a few thousand more. Can’t blame the seller for taking it back home. #269-1969 OLDSMOBILE 442 convert- ible. S/N 344679Z127089. Green/white vinyl/ Parchment vinyl. Odo: 90,355 miles. 350-ci V8, 4-bbl, auto. Mirror-straight paint with good panel fit. Some dents and pitting on front bumper. Rear bumper discolored above exhaust tips. Some buff marks and dings on chrome windshield trim. Several small gravel chips in windshield. Some blemishes on top. ors. Much attention paid to detail because the chrome, glass, lenses and weatherstripping are all in excellent condition. On close inspection, though, both doors have minor waves. Engine cracked in several spots. Average chrome. Decent interior with large tear in headliner. Cond: 3-. SOLD AT $39,960. Advertised as a true Judge and sporting a nice color combination, this car brought top-of-the-range money for its condition. Slight advantage to the seller. #259-1970 CHEVROLET CHEVELLE SS 454 convertible. S/N 136670K108002. Blue/white/white vinyl. Odo: 2,670 miles. 454-ci V8, 4-bbl, auto. Average-quality paint looks good from a distance but shows flaws close up. Large indentation in left quarterpanel. Some waves and orange-peel throughout. All chrome in excellent condition other than windshield trim. Good glass. Average interior and boot. Engine compartment needs re-detailing. Cond: 3. NOT SOLD AT $32,500. Overall, a decent LS5 automatic Chevelle SS that would make a nice driver. The advertisement said “new” engine, so the numbers in all likelihood don’t match. The high bid appeared about $2k–$3k short, so the seller did well to hold on to the car. #256-1970 PLYMOUTH ROAD RUN- NER 2-dr hard top. S/N RM23V0A137074. Vitamin C/black vinyl. Odo: 46,751 miles. 440-ci V8, 3x2-bbl, auto. High-quality paint, but seems a shade off from other Vitamin C Mopars for 1970. Small amount of orange peel around roof trim and in engine compartment. Bumpers good, other than a small discoloration on rear bumper. Some scratches in rear window. Interior nice, with some pitting in console chrome and a wrinkle or two in the headliner. Gauges in average condition. Engine compartment detailing could be updated. Cond: 2-. SOLD AT $47,250. Only 433 Beepers were produced with the 440 Six Pack and auto in 1970, so this is a fairly rare bird. That being said, the price paid was right in the middle of its value range and a good deal for both buyer and seller. #236-1971 DODGE CHALLENGER R/T replica 2-dr hard top. S/N JH23G1B- 175408. Yellow/brown vinyl. Odo: 98,118 miles. 340-ci V8, 4-bbl, auto. Originally a 318-powered car (per G-code VIN), now with R/T hood and stripes. Presentable paint, but panel fit could be better. Some waves and orange peel. Chip on Sports Car Market

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Dan Kruse Classics San Antonio, TX Glovebox Notes 2014 Volkswagen Touareg TDI Sport SUV A brief look at cars of interest that have passed through the SCM garage. HHHHH is best. driver’s door. Average-quality chrome with a couple dings on rear bumper. Good glass. Very nice interior, but brown vinyl clashes with yellow-and-black exterior. New modern-style chrome average at best. Hood hinges appear sprung. Vinyl top nice. Interior presentable. Speaker cut-outs in door panels. Cond: 4. SOLD AT $15,660. It takes an eclectic bidder to like this color on this car and to be satisfied with the lower quality of the paint job. That bidder was in attendance. Well sold. Last seen at Mecum Anaheim in November 2013, not sold at $20k (SCM# 238379). Price as tested: $51,945 Equipment: 3.0-L 240-hp TDI Clean Diesel engine, 4MOTION all-wheel drive EPA mileage: 20/29 Likes: German luxury and performance without calling attention to itself. Elegant, understated styling inside and out. Smooth, quiet, torquey diesel moves this SUV’s substantial curb weight with an almost “sporty” potency, but easily keeps mpg above 20. Roomy, wellthought-out interior. Dislikes: $52k seems steep, but this is pretty much the starting point if you put the words “German,” “luxury,” and “SUV” in the same sentence. Fuel economy is good but not amazing. Fun to drive: HHHHH Fun to look at: HHHH ½ Overall experience: HHHHH Verdict: The Touareg TDI offers a tremendous value for its price point. You get excellent handling, reasonable utility, and all the upscale features you’d hope for, but without any showy pretentiousness. It’s the German luxury SUV I’d buy. — Tony Piff glass and rubber. Small ding on driver’s side chrome windshield trim. Cond: 2+. NOT SOLD AT $67,000. It’s hard to believe a tribute car will appreciate like an original Judge, but the high bid attests to the quality of the restoration. Seemed like good money, and this car should have had a new owner. #238-1973 DODGE CHALLENGER 2-dr hard top. S/N JH23H3B420324. Purple/ black vinyl/black vinyl. Odo: 88,832 miles. 340-ci V8, 4-bbl, auto. Fairly straight car with poorly applied paint in custom purple metallic. Fisheyes throughout. Noticeable bubbling in side stripes. Bumpers rechromed but other a/c compressor. Cragar SS mags. Cond: 3-. NOT SOLD AT $16,750. This was a decent, driver-quality car that looked good and should perform well. Cold a/c is essential for driving in Texas summers. It may have been worth a thousand or two more, but the potential buyer was in the room with cash. This car should have sold. Previously offered but unsold in September at an undisclosed high bid at Dan Kruse Austin (SCM# 227748). #263-1971 PONTIAC GTO Judge replica convertible. S/N 237671P153264. Black/ black vinyl/black vinyl. 455-ci V8, 4-bbl, auto. Immaculate black paint. Some blemishes on Enduro bumper. Small dents in both chrome rocker panels. Small cracks in paint on body behind trunk hinges. Excellent chrome, #309-1985 OLDSMOBILE TORONADO coupe. S/N 1G3EZ57Y1FE325403. White/white vinyl/tan leather. Odo: 95,517 miles. 5.0-L fuel-injected V8, auto. A solid, straight car with a budget repaint. Discernible dent in driver’s door and a couple other minor dings. Some rattle-can touch-ups. Rear bumper fillers painted incorrect Refrigerator White. Vinyl landau top presentable. Chrome looks original but clean. Small tear in driver’s seat could be easily repaired. Cond: 4. SOLD AT $2,592. A well-optioned, honest car. The new owner can invest another $2k or so for a decent paint job plus another couple hundred to get the driver’s seat restitched and be in the collector-car hobby for less than $5k. #299-1997 FORD MUSTANG SVT Cobra convertible. S/N 1FALP46VOVF169657. Aqua/tan vinyl/tan leather. Odo: 47,090 miles. 4.6-L fuel-injected V8, 5-sp. Car appears all original with just a few small dings that could be easily repaired. Rear bumper pad has some paint rubbed off and some blemishes. Good glass. Convertible top shows some wear but is presentable. Interior shows well with just some minor wear on driver’s seat. Clean engine compartment. Cond: 2-. NOT SOLD AT $8,000. This car presented itself as a lowmileage, original-condition vehicle that would make a great entry into the collector-car hobby or a great gift if you had a responsible teenager. Another $1k invested would return it to near-mint condition. You could drive it for a few years and rack up 10k–20k miles and lose very little money, if any. Another $500 or so should have been all it took to get this deal done. © 124 Sports Car Market

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Bonhams Oxford, U.K. Bonhams — The Oxford Sale A Big Healey rally car with little left of the original 100-6 other than its chassis and identity sold for $60k Company Bonhams Date March 8, 2014 Location Oxford, U.K. Auctioneer Sholto Gilbertson Automotive lots sold/offered 42/59 Sales rate 71% Sales total $1,110,913 High sale 1964 Bentley S3 Continental coupe by Park Ward, sold at $124,602 Buyer’s premium 1959 Austin-Healey 100-6 Works replica rally car, sold at $59,785 Report and photos by Paul Hardiman Market opinions in italics A t Bonhams’ most recent Oxford auction, held a few miles north of the “City of Dreaming Spires,” there was a slightly thinner crowd than previous occasions. This time you could actually move in the sale room, and a betterorganized marquee at the back of the building brought pretty much everything indoors. Only the handful of restoration projects required a trek out into the wind. Disappointingly, none of the top-money cars sold, including the Bertelli-bodied 1936 MG NB Magnette (bid to $97k) and the slightly unusuallooking 1960 Bentley S2 Continental Flying Spur by Mulliner (bid to $121k). But the third car in the sale room — the 1950 Delahaye 135M with coupe body by Guilloré that’s been repainted since Bonhams last sold it at Harrogate in 2012 — did manage to find a new home at the correct $90k. A very sensible looking 1964 E-type competition car was less hot-rodded than the usual FIA racers but couldn’t attract more than $113k — about $20k light. Likewise, the 1929 Pierce-Arrow Doctor’s Coupe, “celebrity” owned by former Led Zeppelin manager Peter Grant, failed to attract the $100k or so that would have bought it, and the tatty condition of the Citroën DS21 Pallas owned by U.K. broadcasting legend David Dimbleby explained why it didn’t appear alongside the seller’s other DSs at 128 Bonhams’ prestige sale in Paris the month before. A tidy Testarossa at $73k showed that the market for Ferrari’s wide flat-12s is finally hardening slightly, and a Lamborghini Uracco P250S drew more than its main rival (the Ferrari 308 GT4) would have at $48k. The bargains were three competition cars: a step-front Alfa Giulia Sprint GT made Oxford, U.K. into a rally car in Italy and recently refreshed at $49k, a very thoroughly built Big Healey rally car with little left of the original 100-6 other than its chassis and identity for $60k (rather less than half of what it would cost to build again), and a 1994 Ford RS Cosworth rally car used for practice by Carlos Sainz for a well-under-lower-estimate $42k. The steal of the show, however, had to be its Iveco daily support van, following as ever and fully equipped with generator, compressor and power tools, and still carrying significant spares and service parts for the Cossie, let go for $2,893 — a fraction of its estimate and worth it for the tools alone, making those rare spares effectively free. The resto projects included two early Land Rover S1s selling for something like their market worth on either side of $8k, compared with the massively inflated prices achieved in the past two years by shiny restored examples. For the same money, you could have had a very saveable early 4-speed Range Rover. These are hot property in the U.K. right now. The sale rate was still respectable, with more than two-thirds of the lots shifted as Bonhams looks forward to greater things at its annual sale under the wings of the Avro Lancaster and other warbirds at RAF Hendon. © Sales Totals $2m $1.5m $1m $.5m 0 Sports Car Market 2014 2013 2012 2011 2010 15% up to 83,850; 12% thereafter, included in sale prices ($1 = £0.60)

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Bonhams Oxford, U.K. ENGLISH #220-1932 MG MIDGET J2 roadster. S/N J2451. Eng. # 1958AJ. Red/red leather. RHD. Odo: 282 miles. Really sharp recent resto using original panels over new ash frame; looks just put back together. Excellent radiator shell chrome, new red leather and black cloth tonneau. Plenty of unseen detail upgrades such as steel crank with shell bearings and extra support, but some details such #246-1936 ROLLS-ROYCE PHANTOM III sedanca de ville. S/N 3AZ170. Eng. # V18F. Aluminium. RHD. Massive (in every sense of the word) restoration project with all paint stripped off and much of the heavy lifting done, including the (not original) motor, restored and beautifully presented on a stand next to it. But there’s a long way to go yet, with the body held on by gravity and no inte- Mans and back five times. Rear spats and one rear fender are new; shame they ran out of gray paint. Cond: 3-. SOLD AT $5,400. Sold at half the rather hopeful lower estimate, so either the reserve was very low, or the owner had a quick rethink. But we shouldn’t let the cosmetics get in the way of what by all accounts is a great driver that can be improved. #234-1959 AUSTIN-HEALEY 100-6 as polished fuel pipes a little over the top. Spin-on oil filter the only outward change. Recorded mileage is since resto. Cond: 1-. NOT SOLD AT $45,279. Originally supplied by University Motors in London and still with its original registration number, so it had everything going for it except perhaps a little patina. High bid was about $10k light for the vendor, who wisely decided to campaign it on another day. #217-1936 MG NB MAGNETTE Cresta roadster. S/N NA0934. White & black/black leather. RHD. Odo: 23,839 miles. Good and straight and with nice paint. Restored around 2000 with improved support for rear body. Possibly original leather slightly creased and lightly worn. Excellent dash and instruments. Homemade alloy bracket for front indicators a bit unfortunate but easy to put right—or you could even fix the original semaphores, which rior or intruments. Cond: 4. SOLD AT $15,428. Offered at no reserve, this was bought mostly for the motor, as most bidders walked straight past the car to inspect the V12—and no surprise: Even the catalog described the project as “challenging.” Let go at about half the lower estimate, which looks like a good value for a complete rebuilt engine ready to drop into a blown PIII. #257-1949 LAND ROVER SERIES I 80-inch utility. S/N R061002992. Eng. # 0610 5309. Green/khaki canvas/green vinyl. RHD. Odo: 8 miles. Very early Landie with floor pull-ring for locking front freewheel. Brush-painted restoration, but chassis solid. Decent seat vinyl and canvas tilt. First regis- Works replica rally car. S/N BN64334. Eng. # 290UH18342. Red/white fiberglass/black leather. RHD. Odo: 42,133 miles. 100-6 twoseater made into a 3000 rally car in early ’70s, rebuilt again and upgraded with aluminium panels and fiercer engine in 2010. Very well done with all the right bits, such as side exhaust, twin-spare trunk lid and overdrive switch on gearknob. Chassis straight and largely unhammered. Paint cracking on hard top. Older leather lightly creased. Cond: 3. SOLD AT $59,785. Has been through the hands of Big Healey guru John Chatham, which is always a good sign. Vaguely pricey for a 100-6, but this was the most bid-on lot of the auction. A 3000 rally replica couldn’t be built again for this money, so as a weapon, well bought. remain. But motor, gearbox and axle aren’t the originals, the block being an un-numbered single-breather NA rather than the correct NB, and gearbox likewise of an earlier pattern. Electric fan and better dynamo. Cond: 2-. NOT SOLD AT $97,266. Catalog cover car, one of only three Crestas left of 10 or 12 built and presented right in front of the rostrum. But even that couldn’t help it enough against a rather hopeful £75–£85k ($125k–$145k) estimate. 130 tered for civilian use in 1964, hence “B” registration. Cond: 3. SOLD AT $9,257. In Jersey until 1985. Given that the shiniest restorations have been selling in the $40k range, remarkably cheap for a Series 1. Sold at half the expected price, so either the reserve was well low or the owner had a rethink. #208-1951 ALVIS TA21 sedan. S/N 24437. Gray & pink/burgundy leather. Odo: 94,849 miles. Tired-looking and a bit frilly around the edges, leather distressed. But motor has recently been rebuilt, and it runs a tallerthan-standard diff, as well as electronic ignition and flashing indicators. Has made it to Le Sports Car Market #227-1959 JAGUAR XK 150 3.8 coupe.

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Bonhams Oxford, U.K. S/N S824851DN. Green/green leather. RHD. Odo: 10,643 miles. Straight and recently restored car. Now with 3.8 motor among other upgrades, such as deep bucket seats. Shiny gear knob points to a 5-speed. Door fit good for an XK, chassis good and straight, as is trunk floor. Newish exhaust, Kenlowe fan. Cond: 2-. SOLD AT $83,892. Sold slap in the middle of estimate range, but, as ever, upgrades don’t add to actual value. Likely a good drive, at only fair E-type S1 coupe money, but will feel antique by comparison. #241-1960 BENTLEY CONTINENTAL Flying Spur sedan. S/N BC124AR. Silver & gray/black leather. RHD. Odo: 14,753 miles. Spur is four-door version of Continental, and not as elegant as the two-door. In good order following restoration in early 2000s. Still with toolkit. Let down by slightly odd color scheme (originally green over green) and even odder (for the U.K.) massive indicator lights, making it look like a municipal vehicle—although $30,186. Has had a spell in Japan, back in the U.K. in 2002 and put to work—almost inevitably, the pic in the catalog had it bedecked in wedding ribbons. Hammered at this price, which should have been enough to buy it way behind the rather hopeful £37k–£44k estimate, but did not appear in the published results later. #206-1962 FORD CONSUL CAPRI coupe. S/N 2388148800. White & red/black vinyl. RHD. Odo: 55,499 miles. In good restored order, although doors have dropped slightly, and underside is liberally coated in sticky underseal. Interior all good and holding up well. Extra gauges in pod under dash, including rev-counter. Chrome all in good shape. Clip-on whitewalls a bit wavy. Reportedly was confiscated by the Metropolitan Po- ous” British comedy “Carry on Cabby”). This attracted serious interest from at least two parties, but both were put off by the sunroof, which suggests they only wanted it as a donor shell for a LoCort racer. High bid just wasn’t enough compared with the Escort Mexico-like estimate of £16k–£20k ($27k–$34k). Given that it’s too nice to chop into a racer, probably just as well that it stayed with its owner. #245-1963 MGB convertible. S/N GHN31R87. Eng. # 18GVH11800. Green/black vinyl/black vinyl. RHD. Odo: 24,002 miles. Pull-handle car appears straight and rot-free, following restoration 20 years ago, although with corroded bumpers. Seat vinyl may be original. Mileage claimed genuine, and origi- these have apparently been on it from new. Cond: 2-. NOT SOLD AT $120,744. In Germany for 10 years up to sale. Would have been the star lot of the auction—had it sold—as it was one of only three cars displayed in the sale room, then moved outside for the bidding. Estimated at £80k–£100k, ($135k–$170k) of which the lower figure would have bought it, the car is still for sale at a well-known RollsRoyce dealer (who was present at the sale) if you want it, asking £89k ($149k). #242-1960 ROLLS-ROYCE SILVER CLOUD II sedan. S/N SRA259. White/gray leather. RHD. Odo: 74,081 miles. Slightly tired old thing, but slightly better than average wedding fodder and nicer than the preceding Cloud III (Lot 209, sold at $29k). Straight body, body mounts look okay, older paint, good chrome, lightly creased leather may be original. With factory-fitted electric windows lice following an armed robbery and subsequently spent many years dismantled in dry storage. Cond: 3+. SOLD AT $14,464. Lots of these were plundered back in the day for their front chassis legs to transplant disc brakes into Anglias—although the rot probably got them first. So survivors are rare and always pull decent money, here at the lower end of the expected price range. I’d call this market-correct, and the interesting back-story helped. #232-1963 FORD CORTINA GT Deluxe 2-dr sedan. S/N Z77B221683. Black/black cloth sunroof/red vinyl. RHD. Odo: 4,764 miles. Very nicely presented car, rot-free, straight and shiny. Vinyl interior all in good shape. Tweaked pushrod motor runs twin Webers. Sits on slightly wider-than-stock steelies, à la Lotus Cortina, with all the usual nal trip-counter reset sticker still on speedo after more than 50 years. Cond: 3. NOT SOLD AT $9,224. High bid should have been nearly enough to buy it, as its main appeal is as a donor for an FIA racer. Story was that the high estimate set by the vendor was revised downward when Bonhams actually saw the car, but clearly not downward enough. Better luck next time. #229-1964 AUSTIN-HEALEY 3000 Mk IIA convertible. S/N HBJ7L20570. Eng. # 29FRDH1645. Red & black/red vinyl/red leather. RHD. Odo: 8,933 miles. Restored 1997 and converted from left-hander, now with side exhaust. Good door fit, chassis and aerial, and now with electronic ignition and electric fan. Cond: 3+. NOT SOLD AT 132 boy-racer suspension tweaks (lowered, polybushed, adjustable TCAs and so on). Cond: 2. NOT SOLD AT $17,500. Many appearances under its belt at the Goodwood Revival as part of the “Glamcabs” fleet (inspired by “hilari- straight. Rear apron is wavy. New leather and new top. Motor now in Mk III spec with electronic ignition, electric fan and spin-on oil filter, with lots of ongoing work at Big Healey specialist JME. Cond: 2-. SOLD AT $44,357. Sold new to California, repatriated 1971. Sold to the vendor at auction in 2009. Not huge money for a Healey; the earliest 100 and very late Mk IIIs command the most. #230-1964 BENTLEY S3 Continental coupe. S/N BC116XC. Eng. # 58CBC. Sports Car Market

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Bonhams Oxford, U.K. Green/beige leather. RHD. Odo: 43,228 miles. Good and straight “Chinese Eye” Conti. Restored, but not known when or by whom. maroon/black leather. RHD. Odo: 98,722 miles. Fair plating, dull paint, not as nice as Lot 242 (white Cloud that was bid a little higher but failed to sell). Restored in 1980 but in storage for many years, so “will need recommissioning.” Cond: 3. SOLD AT $28,543. Claimed to be a one-owner car from the Isle of Man, which begs the question how it racked up that many miles. Offered at no reserve and sold a little way under lower estimate. Frankly, I wouldn’t have, but if you don’t gamble, you don’t win. Lightly scratched chrome, new leather, engine bay very tidy. With non-factory a/c. Spanish registration. Cond: 2-. SOLD AT $124,602. High sale of the auction, selling over estimate. I’d say fairly well sold here—those headlights do look like they’re off a Kenworth, don’t they? #233-1964 JAGUAR XKE racer. S/N N/A. Silver/silver fiberglass/black leather. Odo: 77,293 km. Racer built from new shell in 2008 but less overtly converted than other cars of its type, with narrower track and wheels, stock rear arches, etc. And still on SUs rather than triple Webers. No carpets or soundproofing, though, and hood is fiberglass. Leather buckets are unworn. Cond: 2. NOT SOLD AT $114,036. The original car (which exists in the rest of it. Cond: 3+. SOLD AT $80,999. Offered but not sold by Kruse at Auburn 1992 for $15k with 28,785 miles (SCM# 2819). Said to have been museum-displayed in the U.S. Pretty high money for a Stromberg car, but they’re easy enough to change, and the condition of the structure matters more. Fair money both ways. identity alone) was sold to New York, back to the U.K. in 1999 and restored. Being more of an old-school racer than Goodwood Revival hot rod should keep it more user-friendly on the road, and it was driven to every race 2009–13 except Monza. High bid of £68k was almost exactly half its build cost and enough to buy a C-type replica—not enough, but I doubt the seller will get a better offer, as competition cars never get their money back. A missed opportunity both ways. #209-1965 ROLLS-ROYCE SILVER CLOUD III sedan. S/N SJR493. Black & #259-1972 LAND ROVER RANGE ROVER SUV. S/N 35504010A. Eng. # 35505561. White/beige vinyl. RHD. Odo: 61,575 miles. Off road since at least 2002. Pretty horrid and covered in moss, but chassis is solid, and body has mostly survived without corrosion because it’s aluminum. Seat and floor covering split and tattered, as usual, but all #225-1968 JAGUAR XKE coupe. S/N 1E35461. Indigo Blue/gray leather. Odo: 29,764 miles. U.S.-spec car with twin Strombergs, presented under such poor lighting that it’s hard to properly evaluate. Appears straight and shiny with an older repaint and decent chrome. Carpets and leather likely newer than early Range Rover features remain. Cond: 4+. SOLD AT $8,100. And that’s where its value lies, as there’s been a massive surge in interest and values of early Rangies, especially these “suffix A” models. Getting a decent interior is the hardest part of restoring an early one, but even though that’s shot, this is still a worthwhile project. Sold without reserve for twice June 2014 133

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Bonhams Oxford, U.K. the price of the derelict (but better-condition) Overfinch Rangie one lot before. #258-1987 RANGE ROVER LAND ROVER SUV. S/N SALLHAML3DA285892. Green/gray velour. RHD. Odo: 35,152 miles. Overfinch is an “improved” Rangie, normally with small-block Chevy power, as here, backed up in this case by GM transmission. Converted 1987 but claimed to be 6.2 liters, which would make it a 378—i.e., a much later motor, or maybe a Gen 1 383 stroker (basically a 350 block with 400 crank, offered as a #254-1995 MG RV8 convertible. S/N SARRAWBMBMG001786. Green/black cloth/beige leather. RHD. Odo: 11,071 miles. Japanese-spec car, but lacking its “eyebrow” front wheelarch extensions. Rot-free but average, with ripply dash, lightly soiled interior. Top looks new. Speedo change at about 30,000 crate motor). Unloved resto project, but not too bad. Chassis is solid, tailgate is rust-free and interior is all there, with spare set of wheels and tires inside. Cond: 3-. SOLD AT $3,471. Strangely, has received attention from a Rangie specialist in the past three years, but let go slightly under bottom estimate. Probably makes sense as a DIY fixer-upper, but could very quickly swallow a lot of money. And that’s before you fill it up. #235-1994 FORD ESCORT Cosworth rally car. S/N WFOBXXGKABRL92667. White/black velour. Escort Cossie sits on shortened Sierra Cosworth floorpan. Well built but rather tame-looking Group N rally car with Mountune engine, all holding together well except for rocker covers cracking and don’t fit well around fabricated jacking points. Coralba trip computer, three sets of wheels. km. Cond: 3. SOLD AT $13,500. One dealer who’s had 125 of these pass through his hands (that’s something like 10% of the surviving population of 2,000 made) liked this a lot. Sold just under lower estimate and probably market-correct, when really nice ones were making twice this five years ago. FRENCH #244-1913 PHILOS 4M tourer. S/N 14081. Green/black cloth/black leather. Restored in 1980s. Now beautifully dilapidated with characterful (i.e., dulled and dented) brass, although top looks newish, and frame is in good shape. Leather is only lightly creased. No odo. Austrian registration, formerly on a U.K. Q plate, which means getting an age-related number will be well-nigh impossible. Locked, so unable to see odo. Cond: 3. SOLD AT $42,428. One of 10 built by Gordon Spooner Engineering from lightweight Ford Motorsport shells as recce cars for the WRC, this one driven by Carlos Sainz and tarmacrallied by the subsequent owner. Compared with the price of a clean standard example, not a lot of money for a fully built rally car. Its lifelong support van (fully kitted with tools and spares) was the next lot and sold for a ridiculously cheap £1,725 ($2,900) to a different buyer. 134 Cond: 4+. SOLD AT $20,250. According to the SCM Platinum Auction Database, the car sold twice in 1986: for $11k at Brooks’ Castle Donington sale in April (SCM# 13356) and for $12k at Christie’s Silverstone sale in July (SCM# 18641). Price paid this time—similar money as a rough-to-fair Ford T in the U.K.— looked an okay deal for this much rarer and quite charming antiquity. #222-1950 DELAHAYE 135M coupe. S/N 801428. Blue/gray leather. RHD. Odo: 61,692 km. Straight body but left door jammed shut. New paint since last sale, plus rebuilt carburetors and new clutch. Cracked and distressed original leather, crack in revcounter glass. Cotal electric gearbox. Cond: Sports Car Market

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Bonhams Oxford, U.K. 3-. SOLD AT $89,678. Most of its life in France, followed by a few years in tion around 10 years ago of English-converted “splittie,” with all the old parts and interior piled up beside it as Lot 252A, including transaxle. Good, straight and rot-free, Germany, then a couple of years on the auction circuit. Sold at Bonhams Harrogate in November 2012 (when the door was stuck, too), with 61,457 km for $88k (SCM# 214220). Before that, no-saled at Bonhams Beaulieu in September 2012 (undisclosed high bid, SCM# 218560) and Bonhams Paris in February 2012 (SCM# 197346) following the company’s unsuccessful attempt to shift it at Beaulieu in 2010 (SCM# 167070). This sale said to be because the owner has run out of space. Someone give it some more love, please. GERMAN #211-1965 MERCEDES-BENZ 220SEB coupe. S/N 11102122074695. Ruby Red/ brown leather. RHD. Odo: 78,198 miles. Excellent repaint, some brightwork a little tarnished and/or polished through, but bumpers okay. Excellent dash timer glows nicely. Instrument pod blown and split in places. Leather lightly creased, understructure very good. Recent exhaust. Unleaded cylinder head fitted. Spare original head included, plus fuel pump, injection pump and Becker Europa overspray noted on hood frame. Cond: 3+. SOLD AT $13,114. Resident in the south of France for a time. Sold about 10% under lower estimate, which usually corresponds closely with the reserve price. It looked promisingly like it was worth more until you got up close. Once there, reality set in, and the seller was probably right to let it go slightly light. Not a bad car, just not quite top quality, and the market valued it right. radio. Cond: 3+. SOLD AT $27,000. Australian import in 1992, sold post-auction for a relative bargain. These retail at least in the mid-£20k range ($40k-plus), so if any issues transpire, there’s a bit of leeway to fix them. Well bought, and with owner’s manual, parts book and service book (stamped 1965–75), it’s a retailer’s dream, but it hadn’t popped up in the ads by the time SCM went to press. #252-1967 VOLKSWAGEN TRANS- PORTER Devon Caravette minibus. S/N 084818. Eng. # 0760279. Green & white/green velour. RHD. Odo: 29,279 miles. Big restora- 136 ITALIAN #237-1963 FIAT 500 “competition sa- loon.” S/N 1100529096. Blue & yellow/black velour. Loosely described as a racer, with Autobianchi A112 “four” and VW Beetle transaxle. But... the hand-brake arrangement has a rear-shelf-mounted starter motor tensioning a length of seat belt webbing via a pulley, hauling a long lever connected to a master cylinder mounted down in the bowels of the engine bay... you get the idea. Someone’s Heath-Robinson idea of a racer/hillclimber, but not even a scrutineer on hallucinogenics would let this run. It has electric power retaining all charming features such as foldout cooker in door. All-new interior. Cond: 3+. SOLD AT $46,285. Sold stronger than expected, but the price was spot-on for the market—or the same as 21-window Sambas were getting a few years ago. #253-1969 VOLKSWAGEN BEETLE convertible. S/N 1502483519. Red & white/ white vinyl/red & white vinyl. Odo: 57,524 km. Nicely restored/refreshed in 2012. Still in good order, aside from ripply rechrome, although bumpers are claimed new. Interior and top are in in good order, but weird fleck steering, too. What were they thinking? Cond: 3-. SOLD AT $5,786. Said to have been raced in Italy (would that explain two rev counters and no speedo?) and touted as a hillclimber “subject to any modifications required by the prevailing regulations.” I’ll say. Not sold at H&H’s Chateau Impney sale in 2013, and for good reason. #228-1964 ALFA ROMEO GIULIA Sprint GT coupe. S/N AR608377. Red/black vinyl. Odo: 72,201 km. Straight rally car, shinily repainted. In Italy 2007–09. All clean and well presented, apart from rather tatty steel wheels. All usual rally kit such as foam-filled tank, roll cage and harnesses. With Historic Technical Passport, although that’ll expire at the end of 2014. Cond: 2-. SOLD AT $49,178. Originally white with blue. Wears older Italian event stickers circa 2002–09, into the U.K. in 2012. Sold on the phone for fair money—especially if you compare it with the cost of sourcing a clean car and building it again. #224-1973 LAMBORGHINI URRACO P250 S coupe. S/N DGM111320M15302. Silver/black velour & leather. Odo: 233 km. Repainted with a few dust and sink marks. Rockers have ugly patch-weld repairs. Rear bumper lightly microblistered. Seats unworn. New speedo fitted at 95,611 km, so it’s done about 60k miles. With owner’s manual and service history. Cond: 3+. SOLD AT $48,214. Sold a touch under lower estimate, like a lot of Sports Car Market

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Bonhams Oxford, U.K. the cars in this sale. Given that it’s essentially a Ferrari 308 GT4 competitor, and the best GT4s are getting up to these price levels, seems fair. #223-1986 FERRARI TESTAROSSA coupe. S/N ZFFTA17C000064989. Red/black leather. RHD. Odo: 49,389 miles. Straight, original and unscuffed. May never have been painted except for front bumper, which is microblistered. Dash top excellent, leather baggy but not unduly worn. Belts last changed in traveling salesman, later used to power a sawbench. Offered but not sold at this sale in December (SCM# 233538), this time it changed hands under the $32k lower estimate. #262-1929 WILLYS-OVERLAND WHIPPET sedan. S/N W50832. Green/black vinyl/black leather. RHD. Odo: 40,881 miles. Looks like a butch Model A on steroids, thanks to big set of Blockley tires. Restored 1987, overall good appearance. Has a few 2007, hardly used since. Nice plate number is included in sale. Cond: 2-. SOLD AT $73,285. Stored since 2008. Sold mid-estimate, showing that TRs are just beginning to creep up slightly—although we won’t be reprinting any price guides just yet, as the registration number may have bumped it up a little (helping to offset the cost of another belt change before firing it up). Sports Car Market Keith Martin’s The Insider’s Guide to Collecting, Investing, Values, and Trends #218-1919 BUICK H-45 tourer. S/N 527298. Maroon/red leather. RHD. Odo: 41,473 miles. Welsh-bodied car, restored 1994–2004 using a complete donor car. Shiny paint is still excellent, lovely polished brass, newish leather. Aeroquip hose between bulb ™ AMERICAN blemishes in paint and chrome and a puddledup radiator repair. Top cloth looks newish, and interior is tidy. Cond: 3+. SOLD AT $14,464. May have been originally bodied in England. Sold at lower estimate, and far less money than a Ford A, about the same money as a decent Austin Se7en, so potentially a cheap entry into Vintage trialing. #250-1941 CHEVROLET SPECIAL Deluxe coupe. S/N NVC8PG120665S. Gray/ beige velour. Odo: 6,347 miles. In very good order, seat velour unworn, all brightwork and trim present. Will need “recommissioning,” Subscribe to SCM today and become a collector car insider www.sportscarmarket.com 138 and horn. Now on Houk wire wheels, although hubs for wooden spokes come with the car. Cond: 3+. SOLD AT $27,964. First used by a with a leak from the brake master cylinder noted by the seller. Cond: 3. SOLD AT $21,214. Has been in the Haynes International Motor Museum in Sparkford since 1995. Sold just under lower estimate, a theme of this sale. © Sports Car Market

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Roundup Selected Sales Combined in One Comprehensive Report Global Auction Highlights ENGLISH #93-1935 BENTLEY 3½ LITRE sedan. S/N B185CW. Black & gray. Looks like a complete basket case, but someone has started on the restoration by renewing most of the ash body frame. Still a long way to go. Bring a trailer. Cond: 5. SOLD AT $43,918. Sold over estimate. James Young saloons are some of the most attractive bodies on Derby Bentleys (which are really Royce 20/25s), and a good one is approaching £75k ($125k). But I doubt another £50k ($85k) will finish this, unless the new owner does the work at home. Well sold, especially given that the vendor picked this up at H&H’s Duxford sale in October for $40k (SCM# 228378) before the full horror dawned. H&H Auctions, Buxton, U.K., 02/14. 1958 Devin Special roadster, sold at $88,000—Auctions America, Fort Lauderdale, FL AUCTIONS AMERICA Location: Fort Lauderdale, FL Date: March 14, 2014 Auctioneers: Brent Earlywine, Mike Shackleton, Chris Bol Automotive lots sold/offered: 355/493 H&H Location: Buxton, U.K. Date: February 26, 2014 Auctioneer: Simon Hope Automotive lots sold/offered: 66/98 Sales rate: 67% Sales total: $1,004,878 High sale: 1959 Alvis TD21 Graber sedan, sold at $63,541 Buyer’s premium: 12%, minimum $250 ($1.00 = £0.60) Report and photos by Paul Hardiman GREENSBORO AUTO AUCTIONS Location: Greensboro, NC Date: March 6–8, 2014 Auctioneers: Mike Anderson, Ricky Parks, Eli Detweiler Automotive lots sold/offered: 372/481 Sales rate: 77% Sales total: $7,932,763 142 High sale: 1963 Chevrolet Corvette 327/360 fuel-injected coupe, sold at $114,480 Buyer’s premium: 6%, $500 for hammer prices under $8,000, included in sold prices Report by James “Killer” Grosslight Photos by David Rohan de Silva BRIGHTWELLS Location: Herefordshire, U.K. Date: March 5, 2014 Auctioneers: Richard Binnersley Automotive lots sold/offered: 94/118 Sales rate: 80% Sales total: $1,496,917 High sale: 1968 Aston Martin DB6 coupe, sold at $205,888 Buyer’s premium: 10%, included in sold prices ($1.00 = £0.60) Report and photos by Paul Hardiman On the money for a 20/25. You’d normally get a middling Doctor’s Coupe or similar for such a price, making this handsome saloon look a good deal. Sadly, the color means that the life of a wedding service no doubt awaits it. H&H Auctions, Buxton, U.K., 02/14. #39-1952 BENTLEY R-TYPE sedan. S/N B1045R. Eng. # B525. Black/brown Sales rate: 72% Sales total: $20,778,250 High sale: 1963 Shelby 289 Cobra, sold at $825,000 Buyer’s premium: 10%, included in sold prices Report and photos by Pierre Hedary #76-1935 ROLLS-ROYCE 20/25 “Airline” sedan. S/N GEH4. Cream & black/black leather. RHD. In excellent order, possibly uniquely bodied. Plating all nice, timber all good, leather lightly creased and settling in. Motor and ancillaries tidy and correct. Complete toolkit. Cond: 3+. SOLD AT $46,721. Sports Car Market

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Roundup leather. RHD. Needs cosmetics, but appears solid where it matters. Much reportedly spent in recent years, with fresh brakes and stainless exhaust. Starter motor not working but apparently “starts on the handle.” Cond: 3-. SOLD AT $15,442. In this ownership for 42 years and still with original handbook. Sold fairly for condition, and since the body doesn’t look too rough, it could be improved at home. A decent driver until then at sensible money. Brightwells, Herefordshire, U.K., 03/14. #57-1952 JOWETT JUPITER coupe. S/N E1SA247R. White/green leather. RHD. Odo: 881 miles. Nicely restored example of sole survivor—only two were bodied like this—using new ash frame under coachbuilt skin. Motor built up from new castings and scuffed black paint. Added trunk rack detracts from clean lines. Unmodified body. Door fit marginal, with both out at bottom. Interior worn in, but no serious flaws. Engine bay exemplary for a good driver, with signs of recent use and no glaring mechanical issues. Cond: 3. SOLD AT $27,500. This was the only MGA at the auction. I took a good, hard look at it, and I could tell it had been loved. High bid was just on reserve. You can’t put a price on fun. Well bought. Auctions America, Fort Lauderdale, FL, 03/14. almost all new internals, interior retrimmed. Cond: 3+. SOLD AT $33,639. The holy grail for the micro-niche of Jowett enthusiasts, and it attracted much interest during viewing. Final price paid was less than hoped for but still seems expensive for a Jowett Jupiter. H&H Auctions, Buxton, U.K., 02/14. #73-1959 ALVIS TD21 Graber sedan. S/N 26008. Gold/tan leather. RHD. Rare car in super order, restored 2007–08 with new ash frame under aluminum skin, color matched to original, brightwork rechromed, new leather. Panel and door fit good, motor clean and tidy in factory finishes, dash excellent. Dutch-registered. BEST BUY raised-white-letter numberplates, too. Cond: 2. SOLD AT $34,927. 1071 is the best Cooper S to drive, and one of the rarest derivatives, so it’s the one the collectors want. In one-family ownership since 1981, this, surprisingly, sold $8k under lower estimate. So it was either on a low reserve, or the seller had a rethink. I’d call this a super deal in today’s market. Brightwells, Herefordshire, U.K., 03/14. Cond: 2-. SOLD AT $63,541. Last seen at Bonhams’ 2011 Paris sale, where it sold at an undisclosed price (SCM# 175155). Sold here at top estimate, which isn’t surprising. What is is that it didn’t fetch more, as this is marketcorrect for an average “standard”-bodied TD21, and the Graber cars are the most elegant. Well bought. H&H Auctions, Buxton, U.K., 02/14. #427-1959 MGA roadster. S/N 65065. Black/black vinyl/red vinyl. Odo: 71,712 miles. Clean driver-level MGA with slightly 144 #527-1965 AUSTIN-HEALEY 3000 Mk III convertible. S/N H888L26113. Bronze metallic/black vinyl. Odo: 14,823 miles. Car was disassembled for years and restored by a high-school shop class. Mileage claimed to be since new. Very straight and showing some signs of aging. Nice paint, but someone was liberal in his color choice and application. Door fit disappointing. Interior looks used and comfortable. Engine bay driver-level and showing some lack of commitment. Cond: 3. NOT SOLD AT $52,000. “What will we do with that box of parts, sir?” “Oh, you mean the Big Healey that no one wanted to finish? Just cobble it back together, and do your best!” Admittedly, I am being a bit harsh, but numerous signs told me that the cosmetic pre- #22-1964 AUSTIN MINI Cooper S 1071 2-dr sedan. S/N CA2S7487872. Eng. # 9FSAH27898. White & Almond Green/gray vinyl. RHD. Super-clean example of the best of the breed. Restored in early ’80s and little used since. Holding up beautifully. With Heritage Certificate and verified as real by the Cooper Register. Proper BEST BUY sentation was far superior to the mechanical one. $52k was plenty. Auctions America, Fort Lauderdale, FL, 03/14. #631-1965 JAGUAR XKE convertible. S/N 1E11412. Red/black/black leather. Odo: 58,700 miles. Nice Series One E-type with good paint and healthy bonnet fit. Other gaps okay, as is chrome. Interior is fresh and looks flawless, but electricals are untested. Engine clean and showing signs of use, which indicates it might be a well-sorted driver. Cond: 2. SOLD AT $110,000. Last seen at auction in 2002 at RM Monterey, not sold at $55k (SCM# 28873); sold before that in 2000 at Bonhams Carmel for $61k (SCM# 10409). Of several E-types at the sale, this one stood out. With its bright red finish, it attracted numerous bids until the reserve was distantly forgotten, finally selling for a market-correct price. Auctions America, Fort Lauderdale, FL, 03/14. #13-1966 JAGUAR MK 2 3.4 sedan. S/N 170786DN. Sand metallic/red leather. RHD. Almost concours-level, with nice paint, super interior timber, leather could be original. Coombs-type rear arches, newish stainless exhaust. 3.4-liter I6 with 4-speed manual. Cond: 1-. SOLD AT $30,836. Although the market likes the 3.8, the manual-overdrive 3.4 is the nicest to drive and here looked a great deal. H&H Auctions, Buxton, U.K., 02/14. Sports Car Market

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Roundup #72-1968 DAIMLER V8 250 sedan. S/N P1K4256BW. Eng. # 7K4415. Blue/blue leather. Odo: 53,000 miles. Dead-straight and shiny, with one owner (and chauffeur-driven) from new until 2011. With original handbooks in wallet, toolkit, original green logbook and sales brochure, plus every bill from new. Cond: 2. SOLD AT $40,075. Sold mid-esti- Black paint shows fisheyes, swirls and scratches. Hood just barely fits, and trunk hard to close. Other gaps just fine. Chrome is solid mate. Huge money for a Daimler, which sells for much less than its Mk 2 sister. (Whisper it: The V8 is a better car than the 2.4 Jag. There was once a plan to fit the Edward Turner V8 into Vauxhall Crestas, you know.) But condition and supporting books, etc., make it a retailer’s dream, so expect to see it marked up elsewhere soon. Brightwells, Herefordshire, U.K., 03/14. #94-1970 ROVER 2000 TC sedan. S/N 41530951F. White/red leather. RHD. Nicely kept and better than it looks. Restored, which included welding underneath, but structure is solid with excellent inner fenders. (This is the one with the mad, bellcranked front suspension to make room for a proposed turbinepowered version whose prototype is in the Heritage Motor Centre, if you’re visiting.) and fits well. Interior fresh and free of blemishes. Engine is orderly with no visible mods. Undercarriage clean. Has a/c. Cond: 3. SOLD AT $99,000. This just shows that any E-type will bring big money if everything is in order. (Okay, maybe except an automatic 4.2 2+2.) While this was an appealing a/c-equipped example, the details did not hold up under scrutiny. Well sold for condition. Auctions America, Fort Lauderdale, FL, 03/14. #28-1971 MORRIS MINOR delivery truck. S/N 296366F. Blue/black vinyl. RHD. Odo: 89,006 miles. Really nice and thorough home restoration of ex-post-office van. Chassis solid, rockers unusually straight and sharp—even the dampers have been off for straight and shiny early car, repainted in nottoo-distant past. Doors haven’t dropped, leather is in good order, and there’s still an 8-track tape player. The a/c is not working, due, the seller says, to a duff compressor clutch. But at least he’s being honest. With original handbook and service book. Cond: 2. SOLD AT $39,246. Cheap for a Camargue, but the vendor was only looking for £16–£19k ($27k–$32k). Which, when you think about it, is realistic: £8k–£10k ($14k–$17k) for an old Shadow, and the same again for the party frock. I’d say he did well, even though dealers think they’re worth more. H&H Auctions, Buxton, U.K., 02/14. #14-1977 MINI 850 pickup. S/N XKU1422961A. Eng. # 114783. Blue/black vinyl. Odo: 43,500 miles. Has lived a fairly sheltered life. Pickup bed is under a tonneau cover and not knocked about. Has been stored in recent years. Straight shape, rockers and subframes in good shape. Seat vinyl a little baggy but not split. Rubber floor mats okay. Cond: 2-. Details are tidy and correct. Interior is all there, with leather pretty much unworn. Cond: 3+. SOLD AT $4,485. Most attractive in its 4-cylinder form, without the heavy-handed hood warts that festooned the V8. An inexpensive starter classic at rough Miata money, or a good basis for a long-distance historic rally car. Last sold for $405 at this sale in 2012 when it was a bit of a rusty old shed (SCM# 211942), but I doubt this price covered even the repaint. H&H Auctions, Buxton, U.K., 02/14. #557-1971 JAGUAR XKE convertible. S/N 2R13640. Black/black hard top/saddle leather. Odo: 37,134 miles. Last of the 6-cylinder E-types, in slightly sinister presentation. 146 Sports Car Market painting. Sits on new radials, original-type crossply on spare, load bed still flat and unscuffed. Only problem is split in left seat vinyl. Cond: 2-. SOLD AT $10,839. The provisional bid was accepted before sale’s end. Looks a lot for a Moggy Thou van, but this is where the market is—if anything, this sold slightly light. Buyer got a great deal on a charming and usable little van that should now last forever. I so nearly bought this. H&H Auctions, Buxton, U.K., 02/14. #82-1976 ROLLS-ROYCE CAMAR- GUE 2-dr sedan. S/N JRH23784. Gold/red leather. RHD. Odo: 65,198 miles. Very SOLD AT $9,191. Slowly gathering pace behind the Coopers and early sedans are the commercials. Nice ones are rare, as most wore out or rusted away before anyone thought to preserve them. This would have looked like a huge amount before the early-Mini craze of the past couple of years, but now, 20% under the estimate, it looks eminently reasonable—or even well bought. Brightwells, Herefordshire, U.K., 03/14. GERMAN #589-1957 MERCEDES-BENZ 220S cabriolet. S/N 180030651026. Medium blue/ black canvas/tan leather. Odo: 83,853 miles. Desirable 220 cabriolet ponton let down by condition. Paint is atrocious, with rust repelling paint away from body on most surfaces. Gaps tell the tale of previous bodywork, with

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Roundup something horrible concealed in rear right quarter. Chrome pitted but all there. Windshield cracked. Interior is complete and has lots of patina, but no clue how well everything works. Underhood miserable, with gas dripping from dual Solexes and water oozing out of block side plates. Cond: 4-. NOT SOLD AT $56,000. I wasn’t sure what to make of the statement that this car had “always been serviced.” It did appear to find a new owner on the block at this price (very strong for the condition), but final results show it as a no-sale. Auctions America, Fort Lauderdale, FL, 03/14. #747-1959 MERCEDES-BENZ 190SL convertible. S/N 9502052. White/black canvas/red leather. Odo: 47,835 miles. Driverlevel 190SL. Paint presentable and in original #050 White. Chrome pitted and not redone with repaint. Seats covered in modern leather—a far cry from the original surfacedyed hides from Roser. Dash covering is original and nice. With Becker Mexico radio. Engine bay is messy, with wrong clamps and SOLD AT $24,000. This desirable VW camper needs some great outdoor camper colors to make it pop. Well presented with all the amenities: picnic baskets, lanterns, colorful chair—nice try at overcoming the monotone color scheme. The bus sold at Barrett-Jackson’s 2006 sale in Palm Beach, FL, for $26k. If the sellers had paid attention to the market, they could have gotten their money back with interest. GAA, Greensboro, NC, 03/14. #773-1971 MERCEDES-BENZ 280SL convertible. S/N 1130441219167. Papyrus White/blue canvas/blue vinyl. Odo: 32,698 miles. Straight late-production W113 with a/c. Fresh Papyrus White paint done respectably. Chrome original and showing some age, but very presentable. Original interior very inviting and in good order. Engine bay clean, but with misplaced stickers, wrong clamps and misguided efforts. Power-steering pump is hemorrhaging badly. Soft top and hard top are and colors thrown in for free. This will look like a good deal in three more years if the market continues to move up. Auctions America, Fort Lauderdale, FL, 03/14. #38-1975 MERCEDES-BENZ L306D RV. S/N 06030222207588. White & gold/ brown vinyl. RHD. Well-done conversion using an Eriba Triton camper trailer on M-B’s staple front-wheel-drive light commercial of the ’70s. Looks a bit like the matronly aunt of the famous Renntransporter. This way from new, all still in good order, with recent respray hoses, but original Solexes are present. Looks like a nice driver. Cond: 3-. SOLD AT $92,400. Of the three 190SLs at this auction, this was the only one with correct Solex carbs. That suggests to me that the other two cars were fluff-and-buff restos, and that this was someone’s driver that needed a bit of sorting. Despite the cosmetic issues, it was all there, and it begged to be driven. Market-correct price for condition. Auctions America, Fort Lauderdale, FL, 03/14. #ST-0076-1967 VOLKSWAGEN TRANSPORTER minibus. S/N 237052361. Cream/buckskin brown vinyl. Odo: 98,754 miles. Interior nicely kept and clean, some signs of wear, with all factory options needed to go camping. Exterior a monotone cream with signs of use. Engine clean and running fine. Rather drab overall. Cond: 2-. NOT and new carpets and seat covers, plus 240-volt generator and all home amenities. One wheel trim missing. Cond: 3+. SOLD AT $16,820. This attracted much interest, although most of it of the curiousity kind. Nothing else quite like it, but it sold mid-estimate when regular 306 campers go for about £3k (about $5k). Too new for Goodwood, but ideal for the later historic racing paddock. H&H Auctions, Buxton, U.K., 02/14. both free of visible issues. Actually a 1970 model, having been built in June of that year. Cond: 2+. SOLD AT $74,800. This 280SL was typical of most W113 examples seen at auction. It was certainly a solid car, with no glaring flaws, but presentation is only half the challenge. These are relatively complicated cars to sort out and make reliable, so with this one’s unknown mechanical state, the price paid looks in line with the recent run-up in values. Auctions America, Fort Lauderdale, FL, 03/14. #729-1972 PORSCHE 911T coupe. S/N 9112102873. Aubergine/black & gray cloth. Odo: 67,000 miles. Very clean 911T in excellent nick. Aubergine paint is an original Porsche color and shows well. Rust-free and accident-free claim holds up, as car is superstraight. Interior has minor wear on carpets. Dash appears like new. Engine clean and or- #104-1979 PORSCHE 911SC coupe. S/N 9119302280. Eng. # 6392420. Silver/black velour & vinyl. RHD. Odo: 70,600 miles. In very good order with more than $15k spent on motor rebuild in November 2012, driven little since. New fuel pump, battery and exhaust. Includes original owner’s handbook and service history documentation. Cond: 3+. SOLD AT $44,119. Very well sold, $10k over high estimate. Big money for an SC, even in England where prices are higher than in the U.S. Brightwells, Herefordshire, U.K., 03/14. derly, showing signs of use. No oil leaks either. With a/c, comfort group and other cool options. Cond: 2-. SOLD AT $53,350. Three years ago this would have been a $30k car. Now, not so much. Whoever bought this got a really good, original 911, with the fun options 148 #89-1987 BMW 635 CSI coupe. S/N WBAEC820508187758. Blue/blue leather. RHD. Odo: 88,800 miles. An amazing £30k ($50k) spent on restoration, which is several times what it’s worth. New paint, new leather, new wheels with correct Michelin TRXs. Full service history (18 stamps to 87,505 miles) and original handbooks. Cond: 2. SOLD AT $18,015. Sharp ones have been climbing, although not as fast as the holy-grail M6, but this sold only just over lower estimate. (The Sports Car Market

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Roundup insurance valuation is said to be $25k.) Expect to see it on the retail market soon. Brightwells, Herefordshire, U.K., 03/14. ITALIAN #783-1963 ALFA ROMEO GIULIETTA Spider Veloce. S/N AR170259. Red/black vinyl. Cute little Alfa from a desirable era. Paint and chrome acceptable for high-level driver. Interior looks very comfortable and free of serious defects or deviations from factory. No chance to inspect top. Engine bay dry. Non-original block from a Normale installed. Many signs of use, so hopefully the owner kept up with required service. Based on VIN, front lens does not fit. Interior and weatherstripping look new. Engine now sporting Webers instead of SPICA injection. Looks fully functional, but auction photos give you the idea this was hastily screwed together for capital gains. Cond: 3. SOLD AT $33,000. This was tucked in a back corner of the lot, but that did not mean someone was getting a deal. This looked like a quick cosmetic fluff to get it sold. The beauty of early Spiders is their relative simplicity. Getting one of these back in order for daily use can be simple enough, given time and dollars. Hopefully the new owner doesn’t care about what it costs and is ready to enjoy it. Well sold. Auctions America, Fort Lauderdale, FL, 03/14. #586-1973 FERRARI 365 GTB/4 Daytona coupe. S/N 16393. Red/tan & red leather. Odo: 6,098 km. Clean red Daytona with nice paint and chrome. Body and gaps look very good. Engine bay is mostly correct, except for chromed hood latch. Interior has some errors—dash is not lined with mouse fur, and radio is in the wrong spot in the console. Daytona seats are trimmed right and looking sexy. #42-1985 ALFA ROMEO ALFASUD 1.5 Ti hatchback. S/N ZAS901G5005101486. Red/brown velour. RHD. That rare thing, a rot-free ’Sud, although the plastic wheelarch finishers might be hiding a degree of frilliness, as I once learned from a similar-era Fiat Uno. Alloys and interior are clean, and this one’s been hot-rodded with Cloverleaf power. Cond: 3+. SOLD AT $6,541. Malta-registered, and there’s a clue to its lack of rust. Sold mid-estimate, but what’s not to like here? For a rotfree example of one of the finest-handling front-drivers, with extra grunt, which should enable it to keep up with a decent Peugeot 205 GTi, this was a sensible buy. H&H Auctions, Buxton, U.K., 02/14. #525-1985 FERRARI TESTAROSSA may actually be a ’61. Cond: 3+. NOT SOLD AT $55,000. A certain well-known Alfisti filming a TV show at this auction gave me a highly informative run-through with this car. I was under the impression that these were starting to become pretty valuable. When $55k wasn’t enough to buy it, my suspicions were confirmed. Also did not sell in January at Mecum Kissimmee (bid to $52k, SCM# 232349), in October at Mecum Chicago ($56k SCM# 228269), or in August at Mecum Monterey ($85k, SCM# 227487). Auctions America, Fort Lauderdale, FL, 03/14. #734-1969 ALFA ROMEO 1750 Spider Veloce. S/N AR1480547. Red/black vinyl/ black vinyl. Odo: 14,782 miles. 1969 Alfa spider, improperly identified as a Duetto. Exterior has thick paint job from recent respray. Taillights are aging. Plastic cover on right carriage has not been detailed, but nothing is violated, either. All the fun of a Ferrari 308, without the cam belts. Cond: 2. SOLD AT $123,200. Maseratis from this era remain underdogs in my opinion. This was a far better car than many of the Boras on the market, and at the price paid, you couldn’t replicate it. I’ll say well bought. Auctions America, Fort Lauderdale, FL, 03/14. 150 Sports Car Market Cond: 2-. SOLD AT $605,000. After a certain point in its appreciation curve, buyers get less picky about finding the best example and simply buy a car for what it is. This was certainly a decent example, and the flaws were correctable. At the price paid, it was a very strong sale, but this is the price of convenience. Auctions America, Fort Lauderdale, FL, 03/14. #600-1973 MASERATI BORA coupe. S/N AM11749504. Red/stainless steel/black leather. Odo: 12,072 miles. Strong presentation of an original Bora. Paint free of serious defects. Minor polish marks visible under hard scrutiny. Chrome and stainless-steel roof pass muster. Interior, dash and carpets are most likely original. Speedometer sits at 10 mph. Engine bay is clean and looks exciting. Under- distributors look like they may have had recent repairs. Dossier of service records is available. Cond: 2+. SOLD AT $78,100. This was a killer example. Sale price was what you have to pay to get a car of this caliber, with the pride of ownership thrown in for free. Slightly well sold, but worth it. Auctions America, Fort Lauderdale, FL, 03/14. #514-1987 FERRARI 328 GTS Spider. S/N H0073163. White/black vinyl/tan leather. Odo: 20,144 miles. A nice, original 328. Paint perfect, but may have had a respray. All gaps coupe. S/N ZFFSA17A9F0058547. Red/black leather. Odo: 22,000 miles. Very nice Testarossa in well-preserved condition. Paint, gaps and rubber trim all show no wear. Interior is clean and newish, with some slight discoloration on carpets. The most important part—the engine—is clean and impressive. Twin fuel

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Rising Sun Recent sales of Japanese collector cars by Tony Piff (All text within quotes minimally edited from online descriptions) # 371030184194-1970 MAZDA R100 coupe. S/N M10A61601. 28,798 miles. Restoration project. Parked for 12 years, then purchased in 2012 with intentions to restore. Car is all original and comes complete, but is partially disassembled. Rust on driver’s side apron, right rear quarter-panel and driver’s floor. Doors, trunk and hood were mediablasted, then epoxy primered. Dings and dents. Driver’s bolster ragged; interior otherwise quite good. Original dash with no cracks. Original shifter knob, radio, jack, spare and hubcaps. Original motor starts and runs. Condition: 4 Roundup factory-correct. Interior free of wear and tear. Engine bay beautiful. Super-clean, with all records. Cond: 2+. SOLD AT $61,600. Anyone who thought he might have had a chance at scoring this below market was disappointed. I laughed as bidding soared into the mid-$50k range. Fairly bought for a superb example. Auctions America, Fort Lauderdale, FL, 03/14. JAPANESE #474-1980 TOYOTA LAND CRUISER FJ40 SUV. S/N 320059. Tan/gray vinyl. Odo: 16,436 miles. Excellent example of a very late U.S.-market FJ. Factory gaps, with clean utilitarian interior. Fact sheet indicates a well-kept truck. Engine bay is original and presents well. Undercarriage free of any damage, or SOLD AT $8,500. The car that introduced the U.S. to Mazda. Now as then, subcompact-minded drag racers seek these out for the huge potential of the rotary engine. That’s why you’ll never, ever see one in clean, stock condition. The market speaks! eBay Motors, 4/2/2014 # 291101854140-1989 DODGE RAIDER SUV. S/N JB7FJ43SXKJ003951. 124,800 miles. Extremely well maintained, garage-kept 4x4 with 5-speed. Never taken off-road. Runs and drives excellent. With owner’s manual, two original keys with dealer tag, tools, jack and window sticker. Purchased new in Utah. Condition: 2 SOLD AT $11,949. Into the U.K. from the U.S. in 1989, used until the owner fell ill, stored since 1992. Cheap as chips, at least $3k under lowest estimate. Brightwells, Herefordshire, U.K., 03/14. #626-1954 CADILLAC ELDORADO convertible. S/N 546222206. Red/tan vinyl/ white vinyl. Odo: 4,978 miles. 331-ci V8, 4-bbl, auto. Thoroughly restored big Eldo. Paint is consistent, but chips around areas where chrome fits. Left taillight is loose and scratched on front left fender. Chrome and gaps are great. Seats are nice, with some yellowing. Interior chrome parts are aged. Engine sign of being off-roaded. Cond: 2+. SOLD AT $52,000. This truck had almost certainly seen very little use since new. It was impressively done, but I was surprised when the seller turned down the $50k high bid on the block. The deal came together later for $52k. Well sold. Auctions America, Fort Lauderdale, FL, 03/14. SOLD AT $7,501. Badge-engineered Mitsubishi Montero—the winningest vehicle in the history of the Paris-Dakar Rally, in case you didn’t know. Price reflects condition, 5-speed, 2-door configuration and off-road ability, rather than rarity of the “Raider” badge. eBay Motors, 3/25/2014 # 151262160522-1993 TOYOTA MR2 Turbo coupe. 61,087 miles. S/N JT2SW22N7P0063398. “Garage find” condition. Fully loaded with leather interior. Manual transmission. Stored 2001–14. Starts, idles, everything works, clutch feels like new, brakes work properly, but has not driven beyond driveway. Condition: 2 AMERICAN #602-1936 LASALLE SERIES 50 con- vertible. S/N 365067553. Maroon/black cloth/ red leather. Odo: 69,636 miles. A very presentable LaSalle. Paint shows micro-scratches, chrome similar. Hood hinges feel looser than normal, and doors require a bit of effort to close, but everything lines up well. Interior “For recommissioning after several years in storage.” Fair outside, with all trim present and correct, better to good inside. Cond: 3-. bay leaves nothing to be desired. Cond: 2-. SOLD AT $74,800. This Cadillac was a good example of an aging restoration that was still usable and show-worthy. Bidding was orderly, and it sold for an unsurprising price. This was a market-correct result for a decent car. Last bid to 55k at RM’s Saint John’s sale in 2013 (SCM# 231285). Auctions America, Fort Lauderdale, FL, 03/14. #536-1954 KURTIS KRAFT 500S rep- lica roadster. S/N 295184966. Maroon & gold/saddle leather. 331-ci supercharged V8, 5-sp. A “continuation” of an unusual and legendary car, using as many original parts as possible. Built on a factory Indy roadster frame with great effort put into authentic details. Hard to tell from the real thing. Under- SOLD AT $13,450. These mid-engined, turbocharged, T-top pocket-rockets are a joy to drive but a pain to work on, which explains why the tuner crowd has pretty much left them alone. Have to call this low-mile example well bought and well sold. eBay Motors, 3/31/2014 ♦ 152 spartan and devoid of noticeable defects. Straight-8 engine simple and accessible. Cond: 3+. NOT SOLD AT $70,000. Last sold at Hershey in 2011 for $96k (SCM #191329). There might be more money here. Seller was wise to hold on. Auctions America, Fort Lauderdale, FL, 03/14. #77-1949 CADILLAC SERIES 62 sedan. S/N 496220509. Green/brown vinyl & cloth. hood is a blown Cadillac V8 with dual carbs and ominous supercharger. Engine has been expanded beyond 331 ci. Fully functional, with no concessions made for comfort. Sits on period-correct Halibrands. No odometer—or speedometer, for that matter. Cond: 3. NOT SOLD AT $100,000. A serious street racer Sports Car Market

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Roundup that could put some hair on your chest. Frank Kurtis would have been proud. The money just was not in the room for this fantastic and usable machine. Auctions America, Fort Lauderdale, FL, 03/14. #523-1955 CHEVROLET CORVETTE roadster. S/N VE55S001316. Polo White/red vinyl. Odo: 25,300 miles. 265-ci 195-hp V8, 4-bbl, auto. Early V8 Corvette in iconic colors. Paint has micro-scratches and other tiny flaws. Door fit poor, tonneau fit also needy. Chrome acceptable. Interior looks unused. Engine bay has a few small incorrect details. rior is safe and functional. Underhood looks scary in a good way. Devin intake on top of vicious 283. Electric fan, and other updates done to make car usable. Cond: 3. SOLD AT $88,000. This was a rare, fast and crazy car. It looked dangerous just sitting still, with the promise of endless thrills. Very few made, minimal history disclosed, but a fast package in a sexy body. Well bought at $88k for a weaponsgrade street machine. New owner should take out a life insurance policy. Auctions America, Fort Lauderdale, FL, 03/14. (See the profile, p. 78.) Cond: 2-. SOLD AT $101,200. This was a nice example, but the only thing it had going for it was its first-year V8 status. Compared with the other early C1s at this auction, this was less exciting. I think you could buy a better example for this kind of money. Auctions America, Fort Lauderdale, FL, 03/14. BEST BUY #530-1958 DEVIN SPECIAL roadster. S/N 851531. White & blue/ black vinyl. Odo: 196 miles. 283-ci V8, 2x4-bbl, 4-sp. A very straight, usable car. Solid, clean body with presentable paint. Inte- is engine. Top is pristine. Excellent documentation, with Marti Report, build sheet and window sticker. Cond: 2+. NOT SOLD AT $210,000. The owner of this car was really pushing the one-of-one status, but after looking at it, I can see why it was not a more popular color combination. The automatic transmission, saddle top and, frankly, the tame-looking exterior did not scream “Let’s go fast and raise hell!” As such, the high bid should have bought it. Auctions America, Fort Lauderdale, FL, 03/14. #552-2005 FORD GT coupe. S/N 1FAFP90S55Y400095. Red & white/black leather. 5.4-L supercharged V8, 6-sp. Red and white Ford GT, straight out of the wrapper. Car presents as attractive and stunning, with very little use since new. Cond: 1. SOLD AT $259,600. #565-1967 FORD MUSTANG GTA con- vertible. S/N 7R03S117912. Wimbledon White/white vinyl/red vinyl. Odo: 91,743 miles. 390-ci V8, 4-bbl, auto. While not rare at first glance, this very nice Mustang sports three highly unusual details: 390 V8, the GTA package, and the Decor group. Paint and chrome excellent, with the exception of chrome blemishes on upper windshield. Interior perfect. Engine bay very clean and highly original, but chrome rocker covers may not be standard issue. With Marti Report verifying all options. Cond: 1-. SOLD AT $77,000. This Mustang was a textbook lesson in how to sell a car at the top. First: Restore an example with all the right options, in nice original colors. Then: Do a damn good job. Three: Get your documentation in order. Four: Go make your money. Previously sold at Barrett-Jackson Palm Beach in 2010 for $64k, which we called “spot-on market money” (SCM# 160352). Well bought today. Auctions America, Fort Lauderdale, FL, 03/14. #580-1968 SHELBY GT500 KR convert- ible. S/N 8T03R203170. Eng. # 407J. Royal Maroon/saddle vinyl/light brown saddle vinyl. Odo: 41,977 miles. 428-ci V8, 4-bbl, auto. One of 517, but supposedly the only one in with these colors and with automatic transmission. Paint holds up under scrutiny. Typical door fit, with some gap wideness on the left. Trunk fit could use some work. Chrome is so-so around top frame, which is also common on these. Interior is authentically restored, as Of the two GTs on offer (the other was a Heritage edition in Gulf colors), this one was the more affordable. It struggled to get to the mid $200k mark, and then the reserve went off. The Gulf car, Lot 548, went for $413k, making this a super deal. Auctions America, Fort Lauderdale, FL, 03/14. © 154 Sports Car Market

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Mystery Photo Answers THE FIRST-EVER DUAL WINNERS: Curses! Foiled again! — Sean Lindsay, via email and Curses! Foiled again! — Garry Kelly, Evanston, IL This Month’s Mystery Photo Response Deadline: May 25, 2014 Our Photo, Your Caption Email your caption to us at mysteryphoto@sportscarmarket.com, or fax to RUNNER-UP: Keith’s concours entry in the Silver Class was foiled by the aftermarket exhaust, which, frankly, looked suicidal. — Gary Francis, Chico, CA One of the less common routes to a future Preservation Class win. — James S. Eubanks, Marietta, GA “Follow the yellow brick road? Screw that!” said the Tin Man. “I’m driving.” — Al Nelson, Pentwater, MI Everyone deserves a Kiss. On second thought…. — Jeff Brock, Brentwood, TN Keith, is this really necessary just to attend the Silver Auction in Fort McDowell, AZ? — Mike Buettell, Balboa Island, CA Change the color of your sports car the easy way using Betty Crocker frosting mix — at grocery stores everywhere. — Tom Tate, Boston, MA He got the flux capacitor right, but the fake stainless body did not measure up. — Jim Graham, New Canaan, CT For Sale: Nissan Z, some paint crazing, but the optional goose-neck lamp for easy map reading makes the car. — Steve Schefbauer, Monroe, CT I’ll take “Z” sour cream and “Z” chives on “Z” side. — Mitchell A. Josephs, Palm Beach, FL Fully baked is better than half-baked any day of the week. — Harvey Pushman, via email “Moon finds” are quite scarce, but they sure do sparkle at auction. — Erik Olson, Dublin, CA The elegant and posh Beverly Hills Concours d’Elegance was going great until Bubba arrived Comments With Your Renewals Had hard time trying to renew online. — Fred Moisio, Tacoma, WA I tried too many times to renew on the website. Nothing worked. — Ken Jesmore, Sausalito, CA Fred and Ken, I am having our Lead Web Developer, Marc Emerson (marc.emerson@ sportscarmarket.com), contact you directly to find out the source of your issues. I know that since we upgraded our software, we’ve had significantly better results with our Web renewals, but there is always room for improvement. — KM 158 503.253.2234. Ties will be arbitrarily and capriciously decided. Do you have a mystery photo? Email it to mysteryphoto@sportscarmarket.com at 300 dpi in JPEG format. Please include your name and contact information. If we use your photo, you’ll get an official SCM cap. in his faux “Back to the Future” DeLorean. Everyone quickly packed up and left. Next year’s concours has already been canceled. — Phil Schroeder, Platte City, MO Apparently, Denver’s first concours after legalization. — David Zussman, via email Whenever you drive this car, no alien — or sane human being — can read your thoughts. — Ted M. Hayden, Gallatin, TN Straight from a Paula Deen cookbook: Wrap in foil, fry in hot parking lot for three hours, add sauce, garnish with embellished stories of racing provenance and.... Voila! Fright Pig fricassee! — Leslie Dreist, Troy, MI More Ferrari, Porsche, Corvette articles. Please make sure we subscribers get our magazines first. I see them at the newsstand first every time. — Jerry Brewster, West Monroe, LA Jerry, that surprises me, as in general, our magazines are “inhome” two weeks before they reach the newsstands. — KM More coverage on Corvettes. I miss Corvette Market. I look forward to every issue. Thanks! — Andre Spanjol, Litchfield, OH Andre, let me send you a complimentary copy of SCM’s sister publication, American Car Collector. It’s full of Corvettes as well as other American muscle. We’ve been very pleased with its reception and its continued growth. — KM Wonderful magazine, although I preferred the heavier-weight paper that it used to be printed on. Why did you switch paper? — Michael H. Epstein, Santa Monica, CA Michael, as production and mailing costs continue to increase, we strive to find the best combination of quality and cost-efficiency for our readers. I think if you Reynolds Wrap and Dyson Vacuum introduce a mobile collaborative: “Targa d’Krylon.” — Charles Spiher, Green Valley, AZ Silver duct tape. It’s the new black. — Marty Orgel, San Anselmo, CA Plastered painter put plaster of Paris in paint for a prettier patina. — Dan Faustman, Elk Grove, CA Sean Lindsay and Garry Kelly each get an SCM hat for identical witty captions. We’re pretty sure they’ll call each other each morning to make sure they’re wearing their prize hats. Are you two guys actually girls who attend the same middle school? © compare our paper quality to that of our competitors, especially the mass-market buff books, you’ll find that our stock is significantly brighter than theirs, which leads to much higher quality photo reproduction. — KM Come hell or high water, I AM going to purchase a great collector car (’63 SWB?) before I need to renew this three-year subscription! Thanks! — Mark Houde, Camden, SC Thank you all for your con- tinued renewals and thoughtful comments. — Keith Martin Sports Car Market

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SCM Showcase Gallery Sell Your Car Here! Includes SCM website listing. Showcase Gallery Full-Color Photo Ad Just $66/month ($88 non-subscribers) Text-Only Classified Ad Just $15/month ($25 non-subscribers) 4 ways to submit your ad: Web: Visit www.sportscarmarket.com/classifieds/place-ad to upload your photo (300 dpi jpg) and text, or text only. Secure online Visa/MC payments. Email: Send photo (300 dpi jpg) and text, or text only, to classifieds@sportscarmarket.com. We will call for your VISA/MC. Fax: Attention Showcase, to 503.253.2234 with VISA/MC. Snail mail: Showcase, PO Box 4797, Portland, OR 97208-4797, with VISA/MC or check. 25 words max, subject to editing. Deadline: 1st of each month, one month prior to publication. Advertisers assume all liability for the content of their advertisements. The publisher of Sports Car Market Magazine is not responsible for any omissions, erroneous, false and/or misleading statements of its advertisers. English 1952 Jaguar XK 120 fixed-head coupe Kurt Tanner Restorations car just completed. Black top and tonneau. Disc wheels. Original mileage, two owners. BMIHT correct. Restored to Gold Concours standards. Must be the finest 3000 currently available. $82,500. Contact Kurt, Kurt Tanner Restorations, 909.920.9221, Email: kj.tanner@yahoo. com (CA) 1962 Jaguar MK II 3.8 overdrive 4-dr sedan S/N 680326. Jaguar Dark Blue/gray. 36,349 miles. I6, 4-spd manual. This magnificent XK 120 has lines and beauty way ahead of its time and begs to be driven and enjoyed. Benefiting from a comprehensive restoration by Jaguar experts, the motor, transmission, mechanical components & systems were restored. Presents very well as a handsome and very functional driver today. Classic Showcase, 760.758.6100, Email: webmaster@classicshowcase. com Web: classicshowcase.com/index.php/inventory/ detail/379 (CA) 1957 Bentley S-Continental Park Ward coupe Brown/saddle. An amazing find: one owner, 31,000 original documented miles. All original. Owned by a fanatic who took exceptional care of the car. Runs and drives absolutely without fault. Tight and quick. Dark brown, saddle interior. $23,500. Contact Matthew, Matthew L. deGarmo Ltd., 203.852.1670, Email: matt@degarmoltd.com Web: deGarmoLtd. com 1976 MG Midget Red/red. 0 miles. I4, 4-spd manual. Unrestored, in great condition for restoring, all it needs is a buyer and somebody willing to restore it. $2,500 OBO. Contact Chance, 903.650.2612, Email: chancecogswell8@gmail.com (TX) 1976 Triumph TR6 convertible S/N P220220DN. Gunmetal Metallic/red. 4-spd manual. The ultimate variant of Jaguar’s famous performance sedan. This is a very original example, matching numbers, 4-speed with overdrive, wire wheels and rare original colors. Same owner since 1970, with all documentation, tools, manuals, spare. Please call or email for more details/photos. $32,500 OBO. Contact Adolfo, LBI Limited, 215.459.1606, Email: Sales@lbilimited.com Web: www.lbilimited. com (PA) 1964 Jaguar Mark II sedan S/N CF51369U. Red/dark tan. 28,000 miles. H6, 4-spd manual. Outstanding all-original, two-owner low mileage, never in rain. Beautifully maintained. Books, records, hard top. The way to have one! Call days only. Contact Jerry, 330.759.5224, Email: jbenzr@aol.com (OH) 1997 Land Rover Defender 90 SUV 68,000 miles. I6, 4-spd manual. Rare 6-cylinder, four on the floor, Robin Egg Blue with low mileage, in pristine original condition. Last of the fin Mercedes. Runs lovely. Simple elegance. $20,000. Contact Ken, 207.831.6050, Email: Kmn1@maine.rr.com (ME) 1968 Porsche 911 L coupe Red/tan. automatic. This outstanding 250 SL has automatic transmission, power steering and two tops. It has undergone over $27,000 worth of recent cosmetic and mechanical restoration including a complete engine rebuild. Paint and chrome work is flawless. Interior has been restored with new tex and carpet. $65,000. Motor Classic & Competition Corp., Email: sales@motorclassiccorp.com (NY) 1968 Mercedes-Benz 230S 4-dr sedan right. Finished in blue with a saddle interior. Clean, straight, completely rust-free, runs and drives beautifully. $32,500 OBO. Contact Matthew, Matthew L. deGarmo Ltd., 203.852.1670, Email: matt@degarmoltd.com Web: www.deGarmoLtd.com (CT) 1974 Triumph TR6 1967 Mercedes-Benz 250 SL convertible equipped with no less than 16 factory-original options. Fully detailed, nicely presented, this car is sure to please collectors and enthusiasts alike! Classic Showcase, 760.758.6100, Email: webmaster@ classicshowcase.com Web: classicshowcase.com/index. php/inventory/detail/380 (CA) Blue/tan. Dark blue with tan leather interior, one of only 33 left-hand-drive examples ever produced. Delivered new to Debbie Reynolds, in absolutely superb condition throughout. A rare opportunity to own one of the most beautiful Bentleys ever built, with a remarkable provenance. POA Contact Sales, Heritage Classics, 310.657.9699, Email: sales@ heritageclassics.com Web: www.heritageclassics.com/ inventory/detail/1118-bentley-s1-continental-coupeby-park-ward-.html (CA) 1961 Austin Healey 3000 MK1 BT-7 2+2 roadster S/N 166854DN. Opalescent Silver Blue/dark blue leatherette. 29,937 miles. 4-spd manual. This Mark II is ready to be part of any collection or just taken out on Sunday afternoons and enjoyed. Enjoy its tight feel and smooth power in your hands as you shift through all four gears and overdrive of the Moss transmission. Great color combo of Opalescent Silver Blue & Dark Blue. A very nice Mark II example. Classic Showcase, 760.758.6100, Email: webmaster@ classicshowcase.com (CA) 1966 Triumph TR4A roadster Portofino Red/gray. 32,000 miles. V8, 4-spd automatic. Show-quality, one-owner, non-smoker, never off road. 4-liter V8 with original tires, Warn 9,000lb. winch, original Alpine stereo, books, brochures, records. always stored indoors. $84,000 OBO. Contact Gary, 541.519.8128, Email: gholman46@yahoo. com (OR) German 1961 Porsche 356B 1600 S coupe S/N 11805270. Light Ivory/black. 92,820 miles. F6, 4-spd automatic. Vasek Polak Survivor. A true time capsule, having never been apart for restoration or repair of any kind. Excellent original paint, beautiful original interior with factory wood wheel. This unique 911 was taken in on trade at the famed California dealership of Vasek Polak. No rust anywhere, ever. Runs, drives, shifts and operates great. Contact Donald, Porsport.com, 631.786.6511, Email: dahearn67@gmail.com Web: www.Porsport. com (NY) 1968 Porsche 911 soft-window Targa S/N HBT7L12190. Olde English White/red leather. 50,559 miles. I6, 4-spd manual. Spectacular, mint A rare and desirable TR4A with independent rear suspension and overdrive. Fully restored and done S/N 113267. Heron Gray/blue. 17,220 miles. 4-spd manual. The assembly of this stunning Reutter-bodied 356B was completed in 1960 with a higher performance “S” engine specification. Highly S/N 11880191. Irish Green/brown leatherette. 42,698 miles. I6, 5-spd manual. Beautiful numbersmatching California 911 with limited ownership. Meticulously cared for and professionally restored by Porsche specialists. Benefiting from a recent full servicing, this highly collectible 911 stands in excellent running & driving condition! Includes 160 Sports Car Market

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SCM Showcase Gallery owner’s manuals, tools, and documentation. Classic Showcase, 760.758.6100, Email: webmaster@ classicshowcase.com Web: classicshowcase.com/index. php/inventory/detail/335 (CA) 1968 VW Beetle 2-dr sedan and over $10k invested. Ready to enjoy at shows or tours. Tons of photos on website. $59,990 OBO. Contact Paul, AutoKennel, 714.335.4911, Email: paul@ autokennel.com Web: www.autokennel.com (CA) 1972 Volkswagen Transporter bus enjoyed. $59,000. Motor Classic & Competition Corp., Email: sales@motorclassiccorp.com (NY) Japanese 1992 Mitsubishi 3000 GT VR-4 coupe 1964 Corvette Sting Ray convertible Red/50,793 miles. Restored. New paint, carpets, seat covers, headliner, fenders & rubber seals. Shows 50.8k miles, 21k on rebuilt engine. Rebuilt carb. Recently replaced front & rear brakes and shocks, and battery. CA black plates. No body rust. Roof rack. Three owners. Very clean. Runs good. $5,900. Contact Wendell, 760.298.4314, Email: jdbud@ toast.net (CA) 1972 Porsche 911 T Targa Maroon & white/H4, 1974 Porsche 914 dual Webersrebuilt 2013, rebuilt transmission, new paint and interior, CD/radio w/flip screen, new everything. Very sharp. $45,000. Contact Tony, 248.679.0490, Email: tony@pointedairy.com (MI) Italian 1957 Fiat 1200TV roadster S/N 9112110394. Polo Red/black leather & Houndstooth. 108,300 miles. H6, 5-spd manual. One of the most desirable early 911 years. Very straight and dry. Restored in the ’90s. Less than 10k miles since restoration. Engine rebuilt to “E” specifications. Transmission rebuilt with airport gears. Recent PPI Blue/blue. manual. This is an extremely rare, top-ofthe-line Fiat TV (Touring Veloce). We just completed a full engine rebuild, which includes new rings, bearings, lifters, cam shaft & valves. The transmission has also been rebuilt with new syncros, clutch, pressure plate & throw-out bearing. Ready to be driven & Alpine White with two-tone red and white interior and white soft top. Equipped with automatic transmission, wide whitewalls, chrome wire wheels, power top and windows, 84,980 miles, a gorgeous American classic in a beautiful color combination. $88,500. Contact Sales, Heritage Classics, 310.657.9699, Email: sales@heritageclassics.com Web: www. heritageclassics.com/inventory/detail/1122-cadillaceldorado-convertible.html (CA) S/N 9F03M480101. Gulf Stream Aqua/white. 55,000 miles. 351 Windsor, auto. Loaded, a/c, documented, Marti Report, sixth built in 1969, beautiful, runs great, needs nothing. Trade/Sell. Contact Dick, 561.272.1718, Email: cobracohen@aol.com (FL) Red/black. 29,000 miles. V6, 5-spd manual. Car is virtually flawless. All options work perfectly, including active aero (front and rear spoilers) that move automatically or on demand. Air is ice-cold, excellent paint, flawless interior. Call Rob at The Auto Collections for more information. Contact Randal, 702.794.3174, Email: rob@autocollections.com Web: autocollections.com (NV) American 1954 Cadillac Eldorado convertible Red/black. 64,000 miles. V8, 4-spd. AACA Jr. & Sr. National first-prize award winner. Krasl Art Museum, St. Joseph, MI. Concours 2010 award winner, Museum of Firsts, Kokomo, IN, four years, NOM but correctly & professionally restored by NCRS Bloomington Gold judge. 327/300-hp. 4-spd, correct bias-ply tires. Shows and drives excellently. Have owned car since 1994. $49,500. Contact Thomas, 574.527.3725, Email: dunnta@grace.edu (IN) 1969 Shelby GT350 convertible 162 Sports Car Market

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Race 1967 Gerhardt Ford DOHC Indy race car White & red/tan. V8, 5-spd manual. DOHC Indy Car, placed 28th driven by Al Miller. Recommissioned by J & L Fabricators in WA for vintage racing 6 years ago, never driven since. Comes with 2-speed trans. Full history and description available online. Has original trailer and some spares. $165,000 OBO. Contact Ted, Automania, 541.479.8888, Email: ted@automaniagp.com Web: automaniagp.com/Home.html (OR) 1995 Harley-Davidson VR1000 superbike Black and orange/twin, manual. This Harley VR1000 team race bike and the collection of spares that goes with it is about the possibilities it presents to participate in vintage racing, riding a rare factory superbike. Included are parts to maintain and support the effort, allowing the rare experience of riding the Harley factory superbike. $127,500. Contact Ted, Automania, 541.479.8888, Email: ted@automaniagp.com Web: automaniagp.com/VR1000team. html (OR) Misc. 2014 Monterey Concours Week — Hyatt Highlands Inn room for rent Hotel Room #441 at the Carmel Hyatt Highlands Inn. Sun., Aug. 7, thru Aug. 17. Full ocean-view townhouse spa suite. One bed, two bath, full kitchen, balcony and fireplace. Covered parking. Full luxury hotel amenities. Hyatt gets $1,229 + tax per night for this week, when available. $7,000. Contact Alan, 818.735.5486, Email: alantchalk@aol.com (CA) © CAR COLLECTOR AMERICAN ™ SUBSCRIBE TO ACC 877.219.2605 Ext. 1 AmericanCarCollector.com June 2014 163 Keith Martin’s

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Advertise in the SCM Resource Directory. Call 877.219.2605 Ext. 218 for information, e-mail: scmadvert@sportscarmarket.com. Auction Companies Artcurial-Briest-Poulain-Le Fur. 33 (0)1 42 99 2056, 33 (0)1 42 99 1639. 7, Rond-Point des Champs-Elysées, 75008 Paris, France. Email: motorcars@artcurial.com. www.artcurial.com/motorcars. (FR) Dan Kruse Classics is a familyAuctions America. 877.906.2437, Formed in July 2010 as a subsidiary of RM Auctions, the Auctions America by RM team, led by collector car expert Donnie Gould, specializes in American classics, Detroit muscle, hot rods, customs and vintage motorcycles. Consign With Confidence. www.auctionsamerica.com. (IN) owned collector car auction company located in San Antonio, Texas. DKC has been responsible for successful collector car sales since 1972 with annual sales in Austin, Houston and San Antonio. Dan has personally has over $1,000,000,000 in sales in his storied career. Dan, and daughters Tiffany, Tedra and Tara, manage the company. 866.495.8111 Dankruseclassics.com (TX) tique, collector, and special-interest cars, trucks and motorcycles. Real Cars. Real Prices. www.carlisleauctions.com. (PA) Auctions is aptly named after Harold “Lucky” Lemay. Based in the majestic, pastoral ground of Marymount, home to the Lemay Family Collection Foundation near Tacoma, WA, the collection, formerly the biggest in the world according to Guinness, now hosts an unrivaled event center, art collection and charitable foundation, which features two exceptional collector car auctions a year. www.luckyoldcar.com (WA) Russo and Steele Collector AutoMecum Auction Company. Gooding & Company. Barrett-Jackson Auction. 480.421.6694, 480.421.6697. For over four decades, the Barrett-Jackson Auction Company has been recognized throughout the world for offering only the finest selection of quality collector vehicles, outstanding professional service and an unrivaled sales success. From classic and one-of-a-kind cars to exotics and muscle cars, BarrettJackson attracts only the best. Our auctions have captured the true essence of a passionate obsession with cars that extends to collectors and enthusiasts throughout the world. A television audience of millions watches unique and select vehicles while attendees enjoy a lifestyle experience featuring fine art, fashion and gourmet cuisine. In every way, the legend is unsurpassed. N. Scottsdale Rd, Scottsdale, AZ 85251. info@barrett-jackson.com. www.barrett-jackson.com. (AZ) 310.899.1960, 310.899.0930. Gooding & Company offers its international clientele the rarest, award-winning examples of collector vehicles at the most prestigious auction venues. Our team of well-qualified experts will advise you on current market values. Gooding & Company presents the official auction of the famed Pebble Beach Concours d’Elegance in August, the recordsetting Scottsdale Auction in January and a world-class auction at the Omni Amelia Island Plantation in Florida in March. www.goodingco.com. (CA) 262.275.5050. The Mecum Auction Company has been specializing in the sale of collector cars for 25 years, now offering more than 12,000 vehicles per year. Mecum Auctions is the world leader of collector car, exotics, vintage motorcycles and road art sales. Auctions are held throughout the United States and broadcast live on Velocity, Discovery Network. For further information, visit www.Mecum.com. 445 South Main Street Walworth, WI 53184. 262.275.5050 (WI) mobile Auctions. 602.252.2697, Fax: 602.252.6260. Specializing in the finest European sports, American muscle, hot rods and custom automobiles; Russo and Steele now hosts four record-breaking auctions per year; Newport Beach in June; Monterey, CA, every August; Las Vegas in September, and Scottsdale, AZ, every January. As one of the premier auction events in the United States, Russo and Steele has developed a reputation for its superior customer service and for having the most experienced and informed experts in the industry. www.russoandsteele. com. (AZ) Silver Auctions. 800.255.4485, Silver Auctions isn’t successful because we auction the most expensive cars, we’re successful because we auction the cars that you love. Silver Auction’s staff, bidders and consignors are everyday people with a passion for Nostalgic and Collector cars. Come see the difference at Silver Auctions. 2020 N. Monroe, Spokane, WA 99205. Email: silver@silverauctions.com, www.silverauctions.com. (WA) Palm Springs Auctions Inc. Hollywood Wheels Auctions & Shows 800.237.8954, Hosting two auctions a year in beautiful Palm Beach, FL, March & December. Offering quality collector cars and personalized service, all in a climate-controlled, state-of-the-art facility. Come be a part of the excitement! Check us out at www.hollywoodcarauctions.com. Where Collectors Collect! See You On Bonhams is the largest auction house to hold scheduled sales of classic and vintage motorcars, motorcycles and car memorabilia, with auctions held globally in conjunction with internationally renowned motoring events. Bonhams holds the world-record price for any motorcar sold at auction, as well as for many premier marques. San Francisco: (415) 391-4000 New York: (212) 644-9001 Los Angeles: (323) 850-7500 London: +44 20 7447-7447 Paris: +33 1 42 61 10 10 www.bonhams.com/motors The Block! Keith McCormick. 760.320.3290, 760.323.7031. 244 N. Indian Canyon Drive, Palm Springs, CA 92262 A family-run auction house producing two large classic cars auctions per year. McCormick’s Palm Springs Auctions has been in business for over 25 years, and each auction features over 500 classics & exotics. www.classic-carauction.com. (CA) The Vicari Auction Company hosts fast-paced, high energy auctions along the Gulf Coast, offering an entertaining destination to car collectors, enthusiasts and travelers. The company prides itself on personal service, providing cars for everyone from the avid collector to the first-time buyer. For more information, contact Vicari Auction at 1900 Destrehan Ave., Harvey, LA 70058; call 504.875.3563; or visit www.vicariauction.com. (LA) Rick Cole Auctions . Rick Cole Leake Auctions. 800.722.9942, Join Leake Auction Company as they celebrate 40 years in the collector car auction industry. Their unsurpassed customer service and fast-paced twolane auction ring makes them a leader in the business. Leake currently operates auctions in Tulsa, Oklahoma City, Dallas and San Antonio. Visit them online at www.leakecar.com or call 800.722.9942. 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, an- Lucky Collector Car Auctions. 888.672.0020, Lucky Collector Car 164 conducted the first auction ever held in Monterey. His dozen successive annual events forever changed the landscape of the historic weekend. Next August, Rick Cole and Terry Price combine seventy-plus years of professional client care to present an entirely new type of Monterey Auction experience, conducted at The Marriott Hotel. Limited consignment. Email: rickcole@rickcole. com Web: www.rickcole.com (CA) Worldwide Auctioneers. RM Auctions, Inc. 800.211.4371, . With offices and auctions throughout North America and Europe, RM is the largest auction house globally that caters to collectors of high-end vintage automobiles. The RM team of car specialists is the largest in the world, offering services in a numbers of languages and decades of experience in buying, selling, racing, and restoring collector cars. www.rmauctions.com. (CAN) 800.990.6789 or 1.260.925.6789, Worldwide Auctioneers was formed over a decade ago by vintage-motorcar specialists Rod Egan and John Kruse. The sale and acquisition of classic automobiles is our core business, and no one is better qualified. Worldwide is unique in having owners who are also our chief auctioneers, so you deal directly with the auctioneer, and we are wholly invested in achieving the best result for you. Our auctions are catalogue-based, offering a limited number of higher-end consignments, with an emphasis on quality rather than volume. (We don’t limit ourselves to only selling the most expensive cars in the world, but do ensure that every car we consign is the very best of its type.) We also offer specialist-appraisal, estate-management and collectionconsultancy services. Our dedicated private sales division serves the needs of individual collectors who seek privacy or to acquire vehicles that may not be available on the open market. www.worldwide-auctioneers.com. (IN) Sports Car Market RESOURCE DIRECTORY

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Alfa Romeo Automobilia Coachbuilt Press. 215-925-4233, Centerline Products. 888.750. ALFA, Exclusively Alfa Romeo for over 30 years — rely on our experience to build and maintain your dream Alfa. Restoration, maintenance and performance parts in stock for Giulietta through 164. Newly developed products introduced regularly. Check our web site for online store, new arrivals, tech tips, and special offers. www.centerlinealfa.com. (CO) Coachbuilt Press creates limited edition automotive titles for the discriminating motoring enthusiast. We present exceptional material on the most significant collections, museums and marques with a balance of authoritative writing, precise research, unique historical documents and the modern photography of Michael Furman. Please visit our website to view our latest titles and order. www.CoachbuiltPress.com (PA). 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. Jon Norman’s Alfa Parts. 800.890.2532, 510.525.9519. 1221 Fourth Street, Berkley, CA 94710. Large selection of parts from Giulietta to 164. Efficient, personal service. www.alfapartscatalog.com. (CA) Appraisals Vintage Auto Posters. Since 1980, Everett Anton Singer has been supplying international collectors with the most diverse selection of authentic vintage automotive posters. The vast inventory runs from the late 1890s through the 1960s; featuring marque, event and product advertising. Please visit us at: www.VintageAutoPosters.com. Auto Appraisal Group. 800.848.2886, Offices located nationwide. Pre-purchase inspection service, insurance matters, charitable donations, resale vales, estates, expert witness testimony. On-site inspection. Certified, confidential, prompt, professional. “Not just one man’s opinion of value.” See web site for locations and service descriptions. www.autoappraisal.com. Buy/Sell/General Cosmopolitan Motors, LLC. 206.467.6531 , Experts in worldwide acquisition, collection management, disposition and appraisal. For more than a quarter century, Cosmopolitan Motors has lived by its motto, “We covet the rare and unusual, whether pedigreed or proletarian.” Absurdly eclectic and proud of it. Find your treasure here, or pass it along to the next generation. www.cosmopolitanmotors. com (WA) Classic Showcase. 760.758.6100, Restoration 760.758.6119. Always buying: Offering top dollar for your European classics. Always selling: 3 showrooms with an excellent selection to choose from. Always Restoring: We feature an award-winning, world-class restoration facility, with the expertise to restore you car to any level, including modifications. Super craftsmanship; attention to detail; knowledgeable staff; servicing all of the collector’s needs. Located in San Diego County. Email: sales@classicshowcase.com, www.classicshowcase.com (CA) sics.com. Heritage Classics Motorcar Company, the premier West Coast classic car dealership established in 1985. Offering one of the largest indoor showrooms in Southern California with an exceptional inventory of the very finest American and European classic cars available. We buy, sell and consign collectible automobiles, offering the best consignment terms available, contact us at sales@heritageclassics.com When in Southern California visit our beautiful showroom and specialty automotive bookstore, Heritage Classics Motorbooks, open Monday–Saturday. For current inventory and to visit our virtual bookstore visit www.heritageclassics.com Hyman Ltd Classic Cars. 314.524.6000, One of the largest inventories of vintage cars in the world. Please visit our website often, www.hymnaltd.com to see our current stock. Hyman Ltd Classic Cars, 2310 Chaffee Drive, St. Louis, MO. 63146 314-524-6000 sales@hymnaltd.com Kastner & Partners Garage. From our spectacular Santa Monica location, Kastner & Partners Garage strives to offer some of the finest collector vehicles available, combined with unparalleled service. If we do not currently have that which you are looking for or, if you have a classic that you’re looking to sell, please let us know. 150 Pico Boulevard Santa Monica, CA 90405 310.593.2080 www.kastnerandpartnersgarage.com Cosmopolitan Motors, LLC. 206.467.6531 , For over a quarter century Cosmopolitan Motors has been at the center of the world for collector cars changing hands. Their unparalleled experience in tracking valuations makes them uniquely capable of valuating the rare and unusual. Estates, settlements, collections, insurance. Let their billion dollars worth of experience supply the results you seek. “We covet the rare and unusual whether pedigreed or proletarian”. www. cosmopolitanmotors.com (WA) Automotive Restorations. 203.377.6745, Collector car sales, both road and race, have been a key activity for over 35 years. Our sales professionals actively seek consignments on a global basis. We also offer vehicle “search and find” for rare models. We undertake pre-purchase inspections worldwide. We provide auction support, including in person or telephone bidding for absentee buyers. Restoration management and special event assistance are also included in our services. Our aim is to make sure that your collector car passion is as enjoyable and worry free as possible. www.automotiverestorations.com Gullwing Motor Cars stocks more than 100 cars at our warehouse location, 27 years of experience; visited by customers across the country and overseas. We specialize in European and American cars and we are always looking to buy classic cars in any condition. We pick up from anywhere in the U.S. Quick payment & pick up. 718.545.0500. www.gullwingmotorcars.com Hartek Automotive. 319.337.4140, Gooding & Company. 310.899.1960, Gooding & Company’s experts are well-qualified to appraise individual automobiles as well as collections and estates. Whether it is the creation of a foundation, living trust or arrangement of a charitable donation, we are able to assist you. www.goodingco.com. (CA) Beverly Hills Car Club is one of the largest European classic car dealerships in the nation with an extensive inventory spanning over 50,000 sf. We can meet all your classic car needs with our unprecedented selection; from top of the line models to projects cars. We buy classic cars in any shape or condition & provide the quickest payment & pickup anywhere in the U.S. 310.975.0272 www.beverlyhillscarclub.com (CA) June 2014 Hartek Automotive is a division of Hartwig Motors Inc., one of the oldest automotive retailers in the Midwest since 1912. Hartek Automotive specializes in the maintenance and sale of sports and prestige automobiles. Their reputation for service continues with a very personalized approach to maintenance of an individual’s daily driver, to the restoration of that special automobile. Hartek Automotive also offers pre-sale or post-sale inspections. Located in Iowa, we are equally accessible for the enthusiast from anywhere. Drive in or fly in...you will find us most accommodating. www.hartek.org (IA) Luxury Brokers International. 215.459.1606, specializing in the sales, purchase and brokerage of classic automobiles for the astute collector with a new-age, contemporary approach. Focusing on original, high-quality examples as enjoyable, tangible investments. Classic car storage, classic car consignment, brokerage, and other consulting services are available as well. We actively pursue the purchase and sales of any investment grade classic car. Since 2009 we have offered a unique opportunity for collectors, enthusiasts, and other industry professionals. www.lbilimited.com, sales@ lbilimited.com (PA) Motor Classic & Competition. 914.997.9133 Since 1979 we have been racing, restoring, servicing, buying and selling high-quality sports, racing and GT cars. Motor Classic & Competition is where enthusiasts find their dream. We specialize in Ferrari, Maserati, Alfa Romeo, Porsche, Mercedes-Benz, BMW, Lotus, Aston Martin, Ford GT40, Cobras and all European sports and vintage racing cars. www.motorclassiccorp.com Heritage Classics Motorcar Company. 310.657.9699, www.heritageclas- 165

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Advertise in the SCM Resource Directory. Call 877.219.2605 Ext. 218 for information, e-mail: scmadvert@sportscarmarket.com. one location to another, one American transportation company does it all. www.reliablecarriers.com Paul Russell and Company. 978.768.6092, www.paulrussell.com. Specializing in the Preservation and Sales of European Classics, pre-war through the 1970s, since 1978. You can rely on our decades of experience with Mercedes-Benz, Ferrari, Porsche, Bugatti, Alfa Romeo and other fine collectibles. Repeat customers are the lifeblood of our business. Contact us today to join them. Car Sales Manager, Alex Finigan: Alex@paulrussell.com. (MA) Collector Car Insurance Heacock Classic. 800.678.5173, We Barrett-Jackson is proud to endorse Woodies USA. 949.922.7707, 949.412.8812, We buy and sell great woodies — hundreds to date. If you are buying or selling give us a call. We can help. Woodies are fun! Every car collection should have at least one. Located in Laguna Niguel, California. www.woodiesusa.com. (CA) Classic Car Transport Chubb Collector Car Insurance. Passport Transport. 800.736.0575, Since our founding in 1970, we have shipped thousands of treasured vehicles door-to-door with our fully enclosed auto transporters. Whether your prized possession is your daily driver, a vintage race car, a classic, a ’60s muscle car or a modern exotic, you can depend on Passport Transport to give you the premium service it deserves. We share your appreciation for fine automobiles, and it shows. www.PassportTransport.com. 1.866.CAR.9648, With Chubb you’ll have flexibility and control with worldclass coverage and claim service. There are no mileage restrictions, “Agreed Value” is included and you’re free to use the restoration shop of your choice for covered repairs. Special pricing is also available for large collections. For more information, call 1-866-227-9648 or visit www.chubbcollectorcar.com. www.wirewheel.com, 772.299.9788. Aston Martin of New England. 781.547.5959, 85 Linden Street, Waltham, MA 02452. Proudly appointed Aston Martin Heritage Dealer for the USA. New and pre-owned Aston Martins are our specialty. Please contact us when buying, selling or restoring. www.astonmartin-lotus.com. (MA) British Sports and Race Cars BoughtSold-Traded. Located in Beautiful Vero Beach, Florida. In business for over 25 years, specializing in Lotus, TVR, Griffith, Jaguar, Austin Healey, MG, Marcos, Panoz, Lola, and more. Over 50 sports and race cars always in stock. Please check our website for our latest inventory offerings: www.wirewheel.com. (FL) Ferrari/Maserati/Lamborghini Grundy Worldwide. 888.647.8639, L.A. Prep. 562.997.0170, L.A. Prep brings its 30 years of experience transporting vehicles for the automotive industry’s top manufacturers to discriminating luxury and exotic car owners and collectors across the United States. Its highly-skilled and experienced staff delivers an unsurpassed level of service and takes care of your car with the highest quality equipment available in trucks and trailers that are as clean and well maintained as the valuable assets that they carry. www.LAPrepTransport.com Grundy Worldwide offers agreed value insurance with no mileage limitations, zero deductible*, and high liability limits. Our coverages are specifically designed for collectible-car owners. From classic cars to muscle cars, Grundy Worldwide has you covered. (*Zero deductible available in most states.) 888.6GRUNDY (888.647.8639). www.grundyworldwide.com. (PA) AUTOSPORT DESIGNS, INC. 631.425.1555, All Aston Martin models welcome regardless of age, as new inevitably become old! Routine servicingcomplete mechanical restorations/rebuilds — cosmetic repair/paintwork to complete frame-off restoration. Large inventory of parts. All services as well as our current unventory of automobiles for sale can be seen at www.autosportdesigns.com. (NY) Carobu Engineering. 949.722.9307, Ferrari specialist. Engine rebuilding/ development, dyno-testing, parts and service. Your source for high-performance brakes, suspension, gaskets, engine parts, wheels and exhaust. Dealer for Tubi, Brembo, Koni, Razzo Rosso, Sangalli, Zanzi, Novitech Rosso and X-Ost. www.CAROBU.com. Radcliffe Motor Company. Hagerty Insurance Agency, LLC. Reliable Carriers, Inc. 877.744.7889, As the country’s largest enclosed auto transport company, Reliable Carriers faithfully serves all 48 contiguous United States and Canada. Whether you’ve entered a concours event, need a relocation, are attending a corporate event, or shipping the car of your dreams from 166 800.922.4050, is the leading insurance agency for collector vehicles in the world and host to the largest network of collector car owners. Hagerty offers insurance for collector cars, motorcycles and motorcycle safety equipment, tractors, automotive tools and spare parts, and even “automobilia” (any historic or collectible item linked with motor vehicles). Hagerty also offers overseas shipping/touring insurance coverage, commercial coverage and club liability coverage. For more information, call or visit www.hagerty.com. (MI) Classic Showcase. 760.758.6100, restoration 760.758.6119. World class full service restoration facility. Creating show/show drivers, and driver restorations. Specializing in British, German and Italian classics. Superb fit; attention to detail; great craftsmanship; knowledgeable staff; passionate on quality. Located in San Diego County. sales@classicshowcase.com www.classicshowcase.com. (CA) 410.517.1681, The Mid-Atlantic’s premier facility for the maintenance, repair, and light restoration of exotic Italian and fine European automobiles. Having gained the trust of the exotic car community we are known for our proficiency and workmanship. Host of the annual Vintage Ferrari All Italian Car Event each May, you are cordially invited to attend. Visit our website for more information about our shop, and see photos of past events. www.RMCCAR.com. a new breed of insurance for classic, antique, exotic, special-interest, contemporary classic and limited-edition cars. To get a quote is even easier with our new online improvements. Go to www.barrett-jackson.com/insurance/, select Get a Quote, enter in a couple of key pieces of information about your vehicle and get an estimated quote within seconds! It’s that easy. Don’t be caught without the right insurance for your vehicle. In the unfortunate aftermath of damage to your vehicle, learning that your insurance won’t restore your prized possession to its former glory, or appropriately compensate you for your loss, is the last thing you want to hear. To get a quote by phone, call 877.545.2522. 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) Fourintune Garages Inc. 262.375.0876, www.fourintune.com. Complete ground-up restoration on British Marques — specializing in Austin-Healeys since 1976. Experience you can trust, satisfied customers nationwide. Visit our website for details on our restoration process which includes a complete quotation on Healeys. Located in historic Cedarburg — just minutes north of Milwaukee, Wisconsin. (WI) J.C. Taylor Insurance. 800.345.8290, Antique, classic, muscle or modified — J.C. Taylor Insurance has provided dependable, dynamic, affordable protection for your collector vehicle for over 50 years. Agreed Value Coverage in the continental U.S., and Alaska. Drive Through Time With Peace of Mind with J.C. Taylor Insurance. Get a FREE instant quote online at www.JCTaylor.com. English Kevin Kay Restorations. 530.241.8337, 1530 Charles Drive, Redding, CA 96003. Aston Martin parts, service, repair and restoration. From an oil change to a concours-winning restoration, we do it all. Modern upgrades for power steering, window motors, fuel systems and more. Feltham Fast performance parts in stock. We also cater to all British and European cars and motorcycles. www.kevinkayrestorations.net. (CA) Sports Car Market RESOURCE DIRECTORY

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WHAT’S YOUR CAR WORTH? FIND OUT AT NOW FREE! The world’s largest collector car price guide based on over 500,000 sold transactions from . Updated weekly. collectorcarpricetracker.com June 2014 167

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Advertise in the SCM Resource Directory. Call 877.219.2605 Ext. 218 for information, e-mail: scmadvert@sportscarmarket.com. Italian Museums T. Rutlands & T. Rutlands West provides international service from one of the world’s largest Ferrari parts inventories coast to coast. We have more Ferrari parts, more Ferrari parts experience and better Ferrari parts prices than most anyone. Since 1981 T. Rutlands has been building valuable partnerships with the Ferrari industry’s most respected repair shops, professionals and car owners seeking to provide a one-stop shopping experience for Ferrari parts, tools and accessories. Ferrari parts are our only business and we are true product and service specialists in every sense of the word. When you need a comprehensive parts selection for both vintage and contemporary Ferraris, you can count on a single-source leader in the Ferrari parts business…T. Rutlands. Call us Toll Free 800.638.1444, Internationally 770.493.8852. Email: Sales@ trutlands.com. www.trutlands.com Finance European Collectibles, Inc. 949.650.4718, European Collectibles has been buying, consigning, selling and restoring classic European sports cars since 1986. We specialize in Porsche (356 and 911) 1950s to early 1970s along with other marks including Mercedes, Aston Martin, Ferrari, MG, Austin Healey & Jaguar with 40 vehicles in stock to choose from. European Collectibles also offers complete mechanical and cosmetic restorations to concours level along with routine service. Located in Orange County, CA, between Los Angeles and San Diego. Sales@europeancollectibles.com or visit our website www.europeancollectibles.com. (CA) Hamann Classic Cars. 203.918.8300, with more than 30 years in the industry and worldwide clientele in dealing in European race and sports cars, specializes in classic Ferraris of the '50s & '60s. www.ferrari4you.com Leasing LeMay—America’s Car Museum spotlights America’s love affair with the automobile. The museum rests on a nine-acre campus featuring rotating galleries, a 3.5-acre show field, theatre, café, banquet halls, racing simulators and slot car racing. ACM hosts annual events, concerts and even drive-in movies. Open daily from 10 a.m. to 5 p.m., tickets are $14 for adults, $12 for seniors/students/military and $8 for youth. ACM is free for members and kids five and under. www.lemaymuseum.org. (WA) Premier Financial Services is the nation’s leading lessor of vintage and exotic motorcars. Our Simple Lease Program is ideal for those who wish to own their vehicle at the end of the term, as well as for those who like to change cars frequently. Our Simple Interest Early Termination Program allows you the flexibility of financing with the tax advantages of leasing. Contact Premier at 877.973.7700 or info@pfsllc.com. Porsche of Bend. 800.842.1584. Located in Central Oregon since 1982, Porsche of Bend is the Northwest’s destination dealership for New and Pre-Owned Porsches. Formerly Carrera Motors, Porsche of Bend continues to proudly sell and service one of the most desired brand names in North America. www.bend.porschedealer.com (OR) J. J. BEST BANC & CO. provides financing on classic cars ranging from 1900 to today. Visit our website at www.jjbest.com or call 1-800-USA-1965 and get a loan approval in as little as 5 minutes! Mercedes-Benz Classic Center. Ferrari Financial Services. 201.510.2500, As the world’s only Ferrari-owned finance company, no one understands a Ferrari customer’s unique perspective better than the company that designed these iconic sports cars. Whether it’s a line of credit for owners interested in utilizing the equity in their collection, or a simple interest loan, we stand committed to help our clients enhance their collection — without origination or early termination fees. “FFS” offers a level of expertise that cannot be matched by other lenders. German Cosdel International Transportation. Classic Showcase. 760.758.6100, restoration 760.758.6119. World class full-service restoration facility. Creating show/show drivers, and driver restorations. Specializing in German, British, and Italian classics. Superb fit, attention to detail, great craftsmanship, knowledgeable staff, passionate on quality. Located in San Diego County. sales@classicshowcase.com www.classicshowcase.com. (CA) 168 Since 1960 Cosdel International Transportation has been handling international shipments by air, ocean and truck. Honest service, competitive pricing and product expertise have made Cosdel the natural shipping choice for the world’s best-known collectors, dealers and auction houses. If you are moving a car, racing or rallying, or attending a concours event overseas, Cosdel is your comprehensive, worldwide resource for all of your nationwide and international shipping needs. We are your automobile Export Import Experts. 415.777.2000 carquotes@cosdel.com. www.cosdel.com. (CA) 1.866.MB.CLASSIC, The center of competence for classic Mercedes-Benz enthusiasts — for vintage car sales, meticulous restorations by manufacturer-trained technicians and the widest selection of Genuine Mercedes-Benz Classic Parts, we are the source. www.mbclassiccenter.com. (CA) Import/Export www.premierfinancialservices.com (CT) LeMay Family Collection FoundaPutnam Leasing. 866.90.LEASE. For over 30 years, Putnam Leasing has been the leader in exotic, luxury, and collector car leasing. This honor comes from Putnam’s unique ability to match the car of your dreams with a lease designed just for you. Every Putnam Lease is written to provide maximum flexibility while conserving capital, lowering monthly payments, and maximizing tax advantages. Its Putnam’s way of letting you drive more car for less money. For leases ranging from $50,000 to more than one million dollars, with terms extending up to 84 months contact the oldest and most experienced leasing company in the country by calling 1.866.90.LEASE. Or just visit www.putnamleasing.com. Legal Law Offices of Bruce Shaw Collector Car Fraud Specialists, www.shawlaws.com. A motorhead law firm with real practical knowledge and experience in the Collector Car Field. Experience: Chain of speed shops, Body Shops, Car Dealerships, former NCRS judge as well as licensed attorneys. Estate planning and divorce settlements concerning Collector Cars. 50 State Representation. 215.657.2377 Mercedes-Benz The SL Market Letter, 612.567.0234 NOT just SLs but all rare and collectible Mercedes! A key resource on Mercedes since 1982. 100s of Mercedes for sale, market news, price analysis & special reports in every issue & website. 1 & 2 yr. subscriptions open the door to one-on-one SLML help finding & selling specific models. Ask about our private sales program. www.slmarket.com (MN) tion at Marymount Events Center near Tacoma, WA, hosts an epic backdrop for your next event. Home to 500 fabulous collector cars, world class art exhibits, and assorted ephemera, consider your next event here. Weddings, swap meets, conventions, auctions. The facility can likely exceed your expectations. Visit during the 37th annual open house along with 13,000 other enthusiasts. 253.272.2336 www.lemaymarymount. org (WA) Parts, Accessories & Car Care Apex Detail. 201.308.3839. Apex Detail provides bespoke paint correction and detail services to discerning individuals wishing to restore, preserve, protect and maintain their fine automotive, aerospace and marine investments. From a single automobile to large collections Apex Detail has the experience to make a difference. Specializing in ultra-exotic, luxury and classic cars Apex Detail offers a wide range of products and services. www.theapexdetail.com Baldhead Cabinets. 877.966.2253. The garage is no longer a place to cast off items unwanted. It is a destination in itself. We are a full-service, family owned company that designs and manufactures custom metal cabinets in Bend, OR. Choose from meticulously crafted storage cabinets, TV cabinets, sink cabinets, or our ever popular pull out fastener bin cabinet, just to name a few. www.baldheadcabinets.com California Car Cover Company. More than just custom-fit car covers, California Car Cover is the home of complete car care and automotive Sports Car Market RESOURCE DIRECTORY

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lifestyle products. Offering the best in car accessories, garage items, detailing products, nostalgic collectibles, apparel and more! Call 1-800-423-5525 or visit Calcarcover.com for a free catalog. Griot’s Garage —Car Care for the Perfectionist! Griot’s Garage celebrates over 22 years as your best source for a full line of quality car care products. We Make It. We Teach It. We Guarantee It. Call today for your free catalog or enjoy the easy-to-use website for fast, fun and easy ordering. Our number one goal is to ensure that you always...Have fun in your garage! 800.345.5789 • www.griotsgarage.com www.inmygarage.com. (WA) Automotive Restorations. 203.377.6745, Founded in 1978, we are well established practitioners of the art and craft of vehicle restoration, preservation and service. Nearly 40 experienced craftspeople focused on the art and entertainment to be enjoyed with great cars describes our culture. Our staff and expertise encompasses a broad range of skills and specific vehicle experience. Proper project management and control produce the quality & attention to detail we have come to be known for in all we produce. See much more on the web at www.automotiverestorations.com Restoration — General JWF Restorations Inc. Special- izing in AC restoration from street to concours, U.S. Registrar AC Owners Club (U.K.). Jim Feldman, 11955 SW Faircrest St. Portland, OR 97225 503-706-8250 Fax 503-646-4009 The world’s largest organization of AC owners and enthusiasts. AC ownership is not required. Monthly magazine. Email: jim@jwfrestoration.com (OR) Bob Smith Coachworks Inc. 940.668.8622, 960.665.4657 (fax). Complete exotic and vintage automobile restoration performed by master craftsmen to the highest standards of excellence. Bob Smith Coachworks Inc., 1600 Floral Dr., Gainesville, TX 76240. Email: bsmith@bobsmithcoachworks.com. (TX) RPM Classic Sports Cars. Alan Taylor Company Inc. QuickSilver Exhaust Systems. 305.219.8882. Our customers are sophisticated enthusiasts who choose our exhaust system for various reasons —durability, weight reduction and enhanced sound. QuickSilver are the default choice for many of the most important classics. Originality is essential but there’s no reason why subtle improvements cannot be introduced. QuickSilver use superior materials and modern manufacturing techniques unavailable when the cars were new. www.quicksilverexhausts.com 760.489.0657, is a full-service automotive restoration and repair facility that specializes in Pre and Post-War European and American Automobiles. With an emphasis on French Marques including Bugatti & Delahaye and over 50 years of experience in the automotive field, we have proven to be a leader in the automotive industry. Our facility provides a full-array of services including Fabrication, Metal-Shaping, Engine & Transmission Rebuilding, Machine Shop, Award-Winning Upholstery, Paint Shop and Pattern Making & Castings. Providing these services in-house has proved to be highly efficient and has enabled us to provide our clients with the highest level of old-fashioned quality workmanship, professionalism and client services. www.alantaylorcompany.com Swissvax. 305.219.8882. Since 1930 the Swiss family company creates magnificent wax formulations. The non abrasive system consists of a pre-wax fluid and a high-content Carnauba wax. Unlike ordinary polishes, Swissvax restores the valuable oils of the paint finish that become starved over time and is safe for all paint finishes. Swissvax is also world wide OEM supplier to Rolls-Royce Motorcars, Bugatti, Lamborghini. www.swissvax.com www. swissvax.us WeatherTech® Automotive Ac- cessories. 800.441.8527, MacNeil Automotive Products Limited providing Automotive Accessories for your vehicles for over 20 years. MacNeil has defined high-quality vehicle protection with the WeatherTech® line of Automotive Accessories. Choose from allweather floor mats, extreme-duty floor liners, cargo/trunk liners, side window deflectors, no-drill mudflaps, many different options of license plate frames and more. We have products available for virtually every make and model. To see and buy everything, go to www.WeatherTech.com. Classic Restoration. 303.761.1245, Classic Restoration by Country Club Auto, located in Colorado, is a large facility that offers world-class restoration, repair and fabrication services. Highly organized, fiscally responsible and providing biweekly detailed billing, we keep you abreast of the rapid progress of your project in every way. Check out our excellent web site for details. Email doug@classicrestodenver.com. www.classicrestodenver.com. (CO) Fantasy Junction. 510.653.7555. For 35 years, Owner/Enthusiast Bruce Trenery has operated Fantasy Junction from the San Francisco Bay Area. The dealership enjoys an outstanding worldwide reputation for integrity and knowledge in the collector car field. Many of the world’s greatest sports cars have passed through the doors with both buyers and sellers enjoying expert representation. Email Sales@FantasyJunction.com, www.FantasyJunction. com. (CA) 802.877.2645, With over 25 years of experience in Classic Italian Sports cars, we know how to make your car perform as new. Please visit our web site showing numerous cars for sale and a frequently updated blog to see what is going on in our busy shop, including video links of engines being run on a test stand and on a chassis dynamometer. Our two-car, enclosed transporter makes getting your car to our shop within the Northeast a breeze. www.rpmvt.com. Sports and Specialist Cars Inc. 609.466.5305. Sales, service and restoration of vintage racecars, classic and contemporary sports cars. Authorized Lotus Dealer. Founded in 1974 by Rob Burt. Partners with Steel Wings, specializing in parts, service and performance upgrades for vintage Aston Martins. sales@princetonlotus.com Located near Princeton, NJ at 49 East Broad Street, Hopewell, NJ 09525 www.sportsandspecialistcars.com (NJ) The Guild of Automotive RestorBlack Horse Garage. 203.330.9604, Established in 1991 by Frank Buonanno, who has spent two decades of his 49-year career specializing in Ferraris, Black Horse Garage is known primarily as a world-class restoration and engine rebuilding shop for V12 Ferraris. Services include routine maintenance, engine building, coach trim, coachwork, woodwork repair, full restoration, Storage, detailing and concourse preparation. Email: Info@ blackhorsegarage.com FOLLOW SCM High Mountain Classics. 970.532.2339, World-class restoration, repair, and maintenance. Many Pebble Beach Class wins and Best of Show evidence our pursuit of restoration excellence. We service and maintain blue-chip collectibles, race cars, and other investment-grade cars, and provide vintage race track support. We have particular excellence with Bugatti and other pre-war marques. www.HighMountainClassics.com ers. 905.775.0499. No matter whether your car is bound to the concours or for the road we are the sensible choice. We are expert in our craft and we combine this with unimpeachable integrity doing something that we enjoy as much as our clients enjoy the fruits of our labors. Share our passion for your passion. Give us a call, we look forward to hearing from you. David Grainger and Janice Stone Proprietors. www.guildclassiccars.com (CAN) Vintage Motor Group F. Roxas Inc. 708.598.1000. Brid- geview, IL. The Only Thing Better Than New is a Fran Roxas Restoration. Recent restorations include Duesenberg, Packard 12, 8-liter Bentley, Cadillac V16, Delahaye, Stutz DV32, Ferrari, 1950s & 60s Concept Cars. We take pride in enhancing our clients’ investments by bringing these truly one-ofa-kind cars back to life, maybe an even better life. The quality of our work has been nationally recognized since 1970 with consistent 1st place winners at concours around the world. (IL) © June 2014 169

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Carl Bomstead eWatch A Nobel Medal Brings a Noble Price This gold medal was valuable, but a Pontiac Dealer clock brings a life lesson Thought Carl’s Things not going quite right of late? Well, your self esteem could have been taken to new heights if you was only the second Noble Prize to ever come to auction. Here are a few more that caught our eye, but they won’t do much for your self esteem: of the car and some limited text in English, French and Italian. With the current pricing of the cars, the price paid for the brochure seems like a bargain in comparison. EBAY #121275500421— MILLE MIGLIA PORCELAIN DIRECTIONAL SIGN. Number of Bids: 34. SOLD AT: $1,278. Date: 2/20/2014. The famed Mille Miglia was founded in 1927 and was last held in its purest form in 1957. It left Brescia and followed a route of 1,000 miles to Rome, returning to Brescia. This double-sided directional sign dated to the 1950s and was complete with its hanging chain. Another sold a couple years earlier for more than twice what was paid here, so we’ll call this a bargain. EBAY #151253563392— 1908 CALIFORNIA PORCELAIN LICENSE PLATE. Number of Bids: 16. SOLD AT: $2,605.66. Date: 3/20/2014. In California, motorists from 1905 through 1913 made their own license plates using house numbers. The California Auto Club, however, made porcelain license plates for their members for a few years. This style, referred to as the “dog bone,” was for 1908 and is very collectible. As we see here, in decent condition they bring the money. Others have sold in this range. had the entire engine and other components operating as on a real car. A 1971 version, with a newer car, of course, was also recently offered on eBay. After 33 bids, it sold for $1,325. The older version was more interesting, but either would make an interesting display piece. 9. SOLD AT: $237. Date: 3/18/2014. This was a poorly composed photograph of a Bugatti Type 35 at an unknown location. The tail of the car was not in the photograph, and a spectator was blocking most of the front. Regardless, two bidders had to have it, and the bidding went to silly money for the photograph. At least the seller was happy. had been the winning bidder on the solid gold 1936 Nobel Peace Prize that was recently sold by Stack Bowers Galleries for $1,116,250. It had been awarded to Carlos Saavedra Lamas for his efforts in ending the Chaco war between Paraguay and Bolivia. It was known to have been pawned in 1993, but it was recently rediscovered in a pawn shop in South America. It EBAY # 191053166895— PONTIAC DEALERSHIP SALES AND SERVICE CLOCK. Number of Bids: Buy-It-Now. SOLD AT: $2,800. Date: 2/25/2014. This plastic Pontiac Sales and Service clock dated to the 1950s and was in excellent condition, with no cracks or issues with the plastic. The center has the molded Indian Head Pontiac logo and the clock had an internal ring of neon. I recall selling one many years back for around $1,000 and thinking I’d cut a fat hog. Times change. EBAY #321343745148— EBAY #131117416210— FERRARI 246 GTS DINO SALES BROCHURE. Number of Bids: 19. SOLD AT: $1,376. Date: 2/24/2014. This eight-page brochure for the 246 Dino was printed on heavy stock and was in excellent condition. It was a fold-out brochure with a picture 1939 HOHM HOEHM CUTA-WAY CHASSIS MODEL. Number of Bids: 37. SOLD AT: $3,050. Date: 3/16/2014. This intricate hand-built model, which was 43 inches in length, was used in German driving schools to demonstrate the mechanical operation of a vehicle. Flick the switch, and the electric motor EBAY #151115426094— EBAY #301121379213— PERIOD BUGATTI PHOTOGRAPH. Number of Bids: SUBSCRIPTION INFORMATION Sports Car Market (ISSN #1527859X) is published monthly by Automotive Investor Media Group, 401 NE 19th Street, Suite 100, Portland, OR 97232. Periodicals postage paid at Portland, OR, and at additional mailing offices. Subscription rates are $65 for 12 monthly issues in the U.S., $95 Canada/Mexico, Europe $105, Asia/Africa/Middle East $115. Subscriptions are payable in advance in U.S. currency. Make checks to: Sports Car Market. Visa/MC accepted. For instant subscription, call 877.219.2605, 503.261.0555; fax 503.253.2234; www.sportscarmarket.com. 170 TWO SIGNED JOHN Z. DELOREAN PASSPORTS. Number of Bids: 58. SOLD AT: $1,610. Date: 2/14/2014. The career of John DeLorean was checkered at best. He was a hero at GM, where he was the father of the Pontiac GTO, but it all fell apart when he left GM to build the DeLorean DMC-12. He was arrested for drug trafficking, allegedly to fund his failing company. He beat the charges, claiming entrapment by federal agents, but the damage was done, and he was forced into bankruptcy. These two passports were complete with all the stamps and signatures. They dated from 1982 and 1987, and only one had his photograph. An interesting sidelight into a part of automotive history. ♦ POSTMASTER Send address changes to: Sports Car Market PO Box 4797, Portland, OR 97208 CPC IPM Sales Agreement No. 1296205 Sports Car Market

Sports Car Market June 2014

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