This beautiful Bel Air Convertible has been ground up restored in two tone Nassau Blue/India Ivory paint with matching dark blue interior. Recently obtained from a large collection, this car has been well cared for in a fully climate controlled environment.
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03/30/10: Car of the Week: 1954 Kaiser Manhattan
The pride of Dave Hollen's collector car fleet is also the car that almost got away. Actually, it did get away for a while, but even though he didn't actually own his 1954 Kaiser Manhattan for the first 46 years of its life, Hollen always felt like the car was his.
"Well, my uncle Clair ran a Kaiser dealership years ago, and we were very close," said Hollen, a resident of Glasgow, Pa. "From the time I first saw the car in April of 1954, the thing just kind of stuck on me. I remember when we went out that day to get the cars and went to the railroad yard. I thought to myself, 'My god, that is one beautiful automobile.'"
Click here to find out how Dave finally wound up with his beloved Kaiser.
By Brian Earnest, Old Cars Weekly
"Well, my uncle Clair ran a Kaiser dealership years ago, and we were very close," said Hollen, a resident of Glasgow, Pa. "From the time I first saw the car in April of 1954, the thing just kind of stuck on me. I remember when we went out that day to get the cars and went to the railroad yard. I thought to myself, 'My god, that is one beautiful automobile.'"
Click here to find out how Dave finally wound up with his beloved Kaiser.
By Brian Earnest, Old Cars Weekly
When you think of entrepreneurs, you most likely envision a young person willing to take chances before life commitments have a chance to tie you down.
Retirement can lesson the fear of failure that come with launching a venture, most retirees have a desire for their own business all their life. The money and benefits were so good it wasn't worth taking a risk." Once retired, they might find that risk to be worth it.
Of course, retirees starting businesses certainly should be careful. The key question that retiree-entrepreneurs need to consider, is how much risk are they willing to take after they've put some retirement money away. Here are some ways to mitigate risk and secure that retirement security.
1. Keep overhead down. Avoid ventures that would require a lot of fixed costs, such as building up a large inventory or leasing a building, such as service based businesses.
2. Time is your most precious asset. While retirees may not be able to put a lot of their savings into a business, they have one asset that many others don't: time.
3. Use your experience to its fullest. The transition to starting your own business can be difficult. When you can draw on your past networking contacts from your old professional life, that will lessen the pain a little bit.
4. Keep Social Security in mind. If you are under your full retirement age, it might pay not to work as hard at your business if you're receiving a Social Security check. In 2008, for any person under full retirement age, $1 in benefits is deducted for every $2 that person earns above $13,560 in income.
5. Have fun with it.
Click here to buy the “Baby Boomers” Official Guide to Retirement Income
Retirement can lesson the fear of failure that come with launching a venture, most retirees have a desire for their own business all their life. The money and benefits were so good it wasn't worth taking a risk." Once retired, they might find that risk to be worth it.
Of course, retirees starting businesses certainly should be careful. The key question that retiree-entrepreneurs need to consider, is how much risk are they willing to take after they've put some retirement money away. Here are some ways to mitigate risk and secure that retirement security.
1. Keep overhead down. Avoid ventures that would require a lot of fixed costs, such as building up a large inventory or leasing a building, such as service based businesses.
2. Time is your most precious asset. While retirees may not be able to put a lot of their savings into a business, they have one asset that many others don't: time.
3. Use your experience to its fullest. The transition to starting your own business can be difficult. When you can draw on your past networking contacts from your old professional life, that will lessen the pain a little bit.
4. Keep Social Security in mind. If you are under your full retirement age, it might pay not to work as hard at your business if you're receiving a Social Security check. In 2008, for any person under full retirement age, $1 in benefits is deducted for every $2 that person earns above $13,560 in income.
5. Have fun with it.
Click here to buy the “Baby Boomers” Official Guide to Retirement Income
Total loss claims are filed when a vehicle has been so badly damaged that it would cost more than its worth to repair it. However, just what that worth is depends on how the car insurance company sets their standards, so you’ll need to know what this is ahead of time.
1.First, you will need to have a police report. When the accident occurs, the police should be called immediately and an accident report will be drawn up. In the case of serious injury (which is quite common in total loss claims), you will need to get a copy of the police report after the fact.
2.Call the car insurance company as soon as possible after the accident, whether you call yourself, or have someone phone in for you. This ensures that they are aware of the problem and will be ready to proceed once the paperwork has been filed.
3.Write down your own statement of what happened.
4.Contact Auto Appraisal Network and have your car appraised for the Prior to Loss Fair Market Value.
1.First, you will need to have a police report. When the accident occurs, the police should be called immediately and an accident report will be drawn up. In the case of serious injury (which is quite common in total loss claims), you will need to get a copy of the police report after the fact.
2.Call the car insurance company as soon as possible after the accident, whether you call yourself, or have someone phone in for you. This ensures that they are aware of the problem and will be ready to proceed once the paperwork has been filed.
3.Write down your own statement of what happened.
4.Contact Auto Appraisal Network and have your car appraised for the Prior to Loss Fair Market Value.
03/27/10: Total Loss /Fair Market Value Appraisals
Unsatisfied with your insurance company's offer on your loss? There may be a difference between what your insurance company is willing to pay you, and the fair market value of your vehicle! You're entitled to a fair settlement.
You are ALWAYS entitled to your own independent appraisal when negotiating a settlement with your insurance company. Often, insurance companies use automated systems that don't apply all the factors that a licensed appraiser will consider in determining your wrecked car's value. If you've been offered a settlement you feel is unfair, contact us right now at (888) 269-1120.
Schedule an Appraisal
You are ALWAYS entitled to your own independent appraisal when negotiating a settlement with your insurance company. Often, insurance companies use automated systems that don't apply all the factors that a licensed appraiser will consider in determining your wrecked car's value. If you've been offered a settlement you feel is unfair, contact us right now at (888) 269-1120.
Schedule an Appraisal
03/26/10: Why get a Pre-Purchase Inspection?
Purchasing a used vehicle can be risky. When excited buyers get emotionally caught up in the vehicle purchase, they often miss mechanical, cosmetic, and safety issues during visual inspections and test drives. These problems are compounded if the vehicle being purchased is located in another city and is purchased prior to being seen in person. To eliminate much of the anxiety and get an accurate picture of the condition of the vehicle, many buyers choose to have a pre-purchase inspection (PPI) done before the sale is final.
What is a pre-purchase inspection?
A pre-purchase inspection is a detailed assessment by a qualified individual to determine the cosmetic, mechanical, and safety condition of a vehicle before completing the purchase. Most pre-purchase inspections are done by a certified mechanic or automotive technician who is knowledgeable in the make and model of the vehicle being inspected. The intent of the PPI is to uncover existing conditions or to reveal maintenance shortcomings that may become potential safety or financial issues for the buyer in the future.
Click here to see the JDPower complete article
What is a pre-purchase inspection?
A pre-purchase inspection is a detailed assessment by a qualified individual to determine the cosmetic, mechanical, and safety condition of a vehicle before completing the purchase. Most pre-purchase inspections are done by a certified mechanic or automotive technician who is knowledgeable in the make and model of the vehicle being inspected. The intent of the PPI is to uncover existing conditions or to reveal maintenance shortcomings that may become potential safety or financial issues for the buyer in the future.
Click here to see the JDPower complete article
03/25/10: What is Agreed Value Coverage?
There are typically three methods used to decide what you get paid if your auto is a total loss. Each is different, and protects you to a different degree. Only one guarantees you get what you expect, or even what you pay for.
If you're in doubt as to what you have now, don't take anybody's word for what is included in your coverage. Read the policy language yourself, and ask your agent for written clarification if you have any doubts or questions.
#1 Agreed Amount (or Agreed Value)
The most desirable for car collectors. It leaves no doubt as to what will be paid in the event of a loss. With Agreed Amount coverage, the amount you see on the policy is what you'll get if the car is written off as a total loss. Period.
#2 Actual Cash Value (ACV)
Typically provided by standard auto insurance policies. The insurance company decides what you get paid at the time of the loss. While you may have some input if you don't agree with them, the final decision is theirs. It will be based at least in part on using sources which you may not agree with. If you refuse to settle for what they want to pay you, you may need to resort to legal action to arbitrate the issue. We can help if you are already in a dispute, this service can be very expensive.
#3 Stated Amount (or Stated Value)
Often provided on collector and limited use policies. The policy language typically states the insurance company will pay "the Stated Amount, or the Actual Cash Value, or the cost to repair not to exceed the Stated Amount whichever is less.".
Guess what: The Stated Amount is just used to determine your premium cost: The higher your Stated Amount, the higher your insurance premium. The contract language permits them to pay what they decide the Actual Cash Value of the auto is. They are under no contractual obligation whatsoever to pay the Stated Amount. Surprise!
Protect your Investment. Have it Appraised!
If you're in doubt as to what you have now, don't take anybody's word for what is included in your coverage. Read the policy language yourself, and ask your agent for written clarification if you have any doubts or questions.
#1 Agreed Amount (or Agreed Value)
The most desirable for car collectors. It leaves no doubt as to what will be paid in the event of a loss. With Agreed Amount coverage, the amount you see on the policy is what you'll get if the car is written off as a total loss. Period.
#2 Actual Cash Value (ACV)
Typically provided by standard auto insurance policies. The insurance company decides what you get paid at the time of the loss. While you may have some input if you don't agree with them, the final decision is theirs. It will be based at least in part on using sources which you may not agree with. If you refuse to settle for what they want to pay you, you may need to resort to legal action to arbitrate the issue. We can help if you are already in a dispute, this service can be very expensive.
#3 Stated Amount (or Stated Value)
Often provided on collector and limited use policies. The policy language typically states the insurance company will pay "the Stated Amount, or the Actual Cash Value, or the cost to repair not to exceed the Stated Amount whichever is less.".
Guess what: The Stated Amount is just used to determine your premium cost: The higher your Stated Amount, the higher your insurance premium. The contract language permits them to pay what they decide the Actual Cash Value of the auto is. They are under no contractual obligation whatsoever to pay the Stated Amount. Surprise!
Protect your Investment. Have it Appraised!
03/24/10: What is Diminished Value ?
You've been in an auto accident - You now have a claim for collision damage - You may also have a claim for Diminished Value - Diminished Value is the amount by which the resale value of a damaged (or damage repaired) vehicle has been reduced for having a significant damage history.
Diminished Value assumes optimal repair quality has been achieved and is defined as the amount by which the resale value of a repaired vehicle has been reduced simply because the subject vehicle now has a significant damage history. “Inherent Diminished Value” is the most widely recognized and accepted form of Diminished Value.
Has My Vehicle Suffered a Diminished Value ?
The newer the subject vehicle, in better pre-loss condition, with no significant prior damage history, the more likely you have suffered diminished value . . . The older the subject vehicle, in lesser pre-loss condition, with a significant prior damage history and minor current damage - the less likely you have suffered diminished value . . .
How do I know for sure?
Hire a Diminished Value Professional Appraiser
How Do I Collect Diminished Value ?
You will have to file a claim with the at fault party. If you were at fault, in most states you cannot collect diminished value (GA, KS & NC allow first party claims), If you were not at fault, we can help you prepare and submit your diminished value claim.
Any part of your unpaid diminished value claim can be deducted from your income taxes as a loss if you itemize. See form 4684 for filing for unpaid diminished loss.
Schedule an Appraisal
Diminished Value assumes optimal repair quality has been achieved and is defined as the amount by which the resale value of a repaired vehicle has been reduced simply because the subject vehicle now has a significant damage history. “Inherent Diminished Value” is the most widely recognized and accepted form of Diminished Value.
Has My Vehicle Suffered a Diminished Value ?
The newer the subject vehicle, in better pre-loss condition, with no significant prior damage history, the more likely you have suffered diminished value . . . The older the subject vehicle, in lesser pre-loss condition, with a significant prior damage history and minor current damage - the less likely you have suffered diminished value . . .
How do I know for sure?
Hire a Diminished Value Professional Appraiser
How Do I Collect Diminished Value ?
You will have to file a claim with the at fault party. If you were at fault, in most states you cannot collect diminished value (GA, KS & NC allow first party claims), If you were not at fault, we can help you prepare and submit your diminished value claim.
Any part of your unpaid diminished value claim can be deducted from your income taxes as a loss if you itemize. See form 4684 for filing for unpaid diminished loss.
Schedule an Appraisal
Sadly, gone are the days when retired people could live off their savings. Today, with growing needs, savings and social security benefits are not enough. Thus, many retired people are looking for income opportunities from the comfort of their home. Working from home gives them independence and freedom to work on something inspiring.
Surprisingly, many advantages exist for entrepreneurs looking to start their own home based business after retirement age. One such advantage is time. Once a person has retired and completed his or her job tenure, there is ample time to work on a new home based business. Moreover, depending upon the amount and type of work, the retired can also enjoy social security benefits while earning additional income from home based businesses.
Another advantage of working after 65 is deduction in business expenses from income taxation. It is possible to deduct legitimate expenses like medical expenses, mortgages, utilities, postage, and other expenses from being taxed as long as it sticks to the guidelines outlined by the IRS (Internal Revenue Service). In essence, there are many business ideas for retired people, especially the ones who want and need to stay busy.
Are you a Car guy? Can you imagine getting paid to look at cars and write off the related expenses?
Read more about retirement small business advantages
Surprisingly, many advantages exist for entrepreneurs looking to start their own home based business after retirement age. One such advantage is time. Once a person has retired and completed his or her job tenure, there is ample time to work on a new home based business. Moreover, depending upon the amount and type of work, the retired can also enjoy social security benefits while earning additional income from home based businesses.
Another advantage of working after 65 is deduction in business expenses from income taxation. It is possible to deduct legitimate expenses like medical expenses, mortgages, utilities, postage, and other expenses from being taxed as long as it sticks to the guidelines outlined by the IRS (Internal Revenue Service). In essence, there are many business ideas for retired people, especially the ones who want and need to stay busy.
Are you a Car guy? Can you imagine getting paid to look at cars and write off the related expenses?
Read more about retirement small business advantages
Do you have an obsession for appraising cars? If so, you’ll probably fit in nicely with Auto Appraisal Network. We provide actual cash value and diminished value appraisals, utilizing advanced software and the expertise of professional automobile appraisers.
Auto Appraisal Network has helped clients with a wide variety of vehicles, including restorable project cars, classic cars, street rods, hot-rods, show cars, show bikes, muscle cars, old cars, show trucks, SEMA tricked out cars, lowriders, race cars, and show trucks.
Do you want to make the most of your obsession? Auto Appraisal Network provides the training, equipment, and startup/ongoing support you'll need for the task.
Click here for more info
Auto Appraisal Network has helped clients with a wide variety of vehicles, including restorable project cars, classic cars, street rods, hot-rods, show cars, show bikes, muscle cars, old cars, show trucks, SEMA tricked out cars, lowriders, race cars, and show trucks.
Do you want to make the most of your obsession? Auto Appraisal Network provides the training, equipment, and startup/ongoing support you'll need for the task.
Click here for more info
03/21/10: Miller Memorial Drive for Diabetes
A Fund Raising Drive of Exotic Cars from Denver, Las Vegas, San Jose and Seattle to the Ferrari Challenge at Miller Motorsports Park.
Special Limited Package of $1,300 per person includes:
• VIP Suite Tickets for Ferrari Challenge at Miller Motorsports
• Park April 9 -11, 2010 includes lunch on Saturday and Sunday
• 5 diamond accommodations at The Grand America in Salt Lake City for Friday, Saturday & Sunday
• Black Tie Dinner Saturday night at Miller Motorsports Park
• Open track day on April 12, 2010
Contact Joe Hansen at Miller Motorsports Park to sign up. (435) 277 277-8116 or jbhansen@millermotorsportspark.com by March 26, 2010.
Special Limited Package of $1,300 per person includes:
• VIP Suite Tickets for Ferrari Challenge at Miller Motorsports
• Park April 9 -11, 2010 includes lunch on Saturday and Sunday
• 5 diamond accommodations at The Grand America in Salt Lake City for Friday, Saturday & Sunday
• Black Tie Dinner Saturday night at Miller Motorsports Park
• Open track day on April 12, 2010
Contact Joe Hansen at Miller Motorsports Park to sign up. (435) 277 277-8116 or jbhansen@millermotorsportspark.com by March 26, 2010.
03/20/10: Barrett-Jackson Palm Beach April 1-3
According to an article on OldCarsWeekly.com's sister Web site, AntiqueTrader.com, the flying car is Frank Skroback’s roadable aircraft, built in 1935. Skrobach was a retired industrial technician and electrician from Syracuse, N.Y. He got the idea for a flying car while studying the concepts of the French furniture maker turned aircraft designer Henri Mignet, inventor of the tandem wing monoplane.
Skroback wanted to modify Mignet’s design, to build a vehicle that could be multi-purposed. He envisioned a craft that could be used on the ground or in the air, for going from house to house using the roads as runways. His design consisted of six fixed 7-foot-wide wings that could lift a 21-foot-long tubular steel fuselage and spruce wing panels, all wrapped in linen.
Also to be sold is a one-of-a-kind boat-car sculpture, a fantastic colossus titled Bonneville. It was executed in a retro American style and created in the spirit of adventure for a fictional character named Jack Wolf, who had many adventures in Days Gone By. At 16 feet long and 5 feet wide, the sculpture would make quite a statement (and a great conversation piece) for the bidder whose taste in art runs outside the box.
Old Cars Weekly article
Skroback wanted to modify Mignet’s design, to build a vehicle that could be multi-purposed. He envisioned a craft that could be used on the ground or in the air, for going from house to house using the roads as runways. His design consisted of six fixed 7-foot-wide wings that could lift a 21-foot-long tubular steel fuselage and spruce wing panels, all wrapped in linen.
Also to be sold is a one-of-a-kind boat-car sculpture, a fantastic colossus titled Bonneville. It was executed in a retro American style and created in the spirit of adventure for a fictional character named Jack Wolf, who had many adventures in Days Gone By. At 16 feet long and 5 feet wide, the sculpture would make quite a statement (and a great conversation piece) for the bidder whose taste in art runs outside the box.
Old Cars Weekly article
03/18/10: Along Came A Spyder
-By Mark J. McCourt
Audi firmly established itself as a serious player in the supercar realm with its mid-engine R8 coupe, available with both V-8 and V-10 engines. Because everything is more fascinating when topless, it was just a matter of time before they peeled the roof off of the R8. Although this transformation sacrificed the car’s trademark side blades, the resulting all-aluminum Spyder is none the worse for wear.
The R8 Spyder, which made its production debut in Geneva earlier this month, will initially be available exclusively with the Lamborghini-derived 525hp, 5.2-liter direct-injection V-10 engine mated to either a six-speed manual or R tronic six-speed sequential manual. With its permanent quattro AWD, this R8 rips to 62 MPH in 4.1 seconds and tops out at a toupee-shredding 194 MPH. Bucking the trend toward folding hard tops, this car features a classic soft top that can be retracted on the fly at up to 31 MPH, and its heated glass rear window can be raised independently to act as a windbreak. U.S. pricing has yet to be released, but we’re expecting it to start around $160,000, a fair jump over the basic R8’s $114,200. Visit www.audi.com for videos, images and specifications.
Click here for original Hemming’s Article
Audi firmly established itself as a serious player in the supercar realm with its mid-engine R8 coupe, available with both V-8 and V-10 engines. Because everything is more fascinating when topless, it was just a matter of time before they peeled the roof off of the R8. Although this transformation sacrificed the car’s trademark side blades, the resulting all-aluminum Spyder is none the worse for wear.
The R8 Spyder, which made its production debut in Geneva earlier this month, will initially be available exclusively with the Lamborghini-derived 525hp, 5.2-liter direct-injection V-10 engine mated to either a six-speed manual or R tronic six-speed sequential manual. With its permanent quattro AWD, this R8 rips to 62 MPH in 4.1 seconds and tops out at a toupee-shredding 194 MPH. Bucking the trend toward folding hard tops, this car features a classic soft top that can be retracted on the fly at up to 31 MPH, and its heated glass rear window can be raised independently to act as a windbreak. U.S. pricing has yet to be released, but we’re expecting it to start around $160,000, a fair jump over the basic R8’s $114,200. Visit www.audi.com for videos, images and specifications.
Click here for original Hemming’s Article
03/17/10: 1966 Shelby GT-350
This beautiful original 1966 Shelby was sold new @ Hi-Performance Motors in El Segundo California to its original owner Mr. John G. Bickers on 1/3/67. Over the years it has benefited from meticulous care, resulting in this fantastic example of Shelby's GT-350 model you see here today; complete with a numbers matching K-Code Hi-Po 289/306hp engine backed by a 4 speed transmission and Ford 9 inch rear end. Further enhanced by 1965 Shelby style side dump exhaust, the correct style dash mounted tach, 3" lap belts and Magnum 500 wheels shod with correct style small letter Goodyear Polyglas bias ply tires. Having been carefully restored to its factory color of Sapphire Blue, great attention to detail was taken during restoration including proper red oxide primer underbody with factory replicated over spray. While not stopping there, the car has detailed engine bay, suspension and correct style paint marking and paper tags. It is guaranteed to turn heads and impress, if not by it looks alone most certainly by its sound!!! Of course it also comes fully documented in the Shelby American World Registry on page 483 and 537, complete with a copy of the original Shelby invoice, Ford and Shelby VIN #'s have been confirmed with SAAC Headquarters. Original documented Shelby, carefully restored, a great example for the Shelby collector or aficionado alike.
For more pictures please follow this link MORE
03/16/10: Bonhams Will Offer Rare Mercedes SS
San Francisco – 12 March 2010 – Bonhams is proud to announce their having been chosen to represent an exceedingly rare and beautiful 1930 Mercedes-Benz SS Sports Tourer at their world-famous Quail Lodge summer auction, which has – for the first time in its 13-year history – been expanded to two days.
Offered from the estate of a private collection, the Mercedes SS comes to market for the first time in 55 years. Originally delivered new to British owner Sir Alfred Bird in 1930, the car was acquired in the mid-1950s by the late owner’s brother for £485. It was shipped to America shortly thereafter and remained in this family ever since. Today it is expected to realize in excess of $2-million.
Created by Ferdinand Porsche while working as chief engineer for Mercedes-Benz, the 38/250 SS model is universally regarded as one of the finest automobiles of its day. Capable of more than 100mph, period press lauded its “colossal” power and the British magazine Motor Sport described it as “the most amazing car it has ever been our fortune to drive”.
Not just an astounding road car, the SS models were fitted with a formidable competition chassis whose incredible performance was manifested by Rudi Caracciola’s astounding victory in the 1929 Ulster Tourist Trophy, also becoming a significant rival to the Bentley works cars at Le Mans.
Lining up alongside the Mercedes at Bonhams’ Quail Lodge sale is another of the finest quality automobiles of its day: a 1908 Thomas “Flyer” F 4-60, an example of the very model that won the 1908 New York to Paris Race – history’s first around-the-world automobile endurance challenge. Extraordinary for a 102-year old car, its full history is known from new and it has had, amazingly, just four owners.
For 2010, Bonhams’ annual August sale will expand to a two-day format as a result of popular demand. Says Mark Osborne, head of the Motoring Department, “In recent years we have been overwhelmed by the quality and quantity of consignors wishing to sell at our long established auction on the idyllic Quail Lodge property. We feel that a format of two sales tailored to specific audiences is the best way to accommodate buyers during the busy Monterey Peninsula Car Week.”
The Bonhams’ Auction of Exceptional Motorcars and Automobilia will take place August 12-13, at Quail Lodge in Carmel Valley, California.
For more information, visit www.Bonhams.com/Quail.
Offered from the estate of a private collection, the Mercedes SS comes to market for the first time in 55 years. Originally delivered new to British owner Sir Alfred Bird in 1930, the car was acquired in the mid-1950s by the late owner’s brother for £485. It was shipped to America shortly thereafter and remained in this family ever since. Today it is expected to realize in excess of $2-million.
Created by Ferdinand Porsche while working as chief engineer for Mercedes-Benz, the 38/250 SS model is universally regarded as one of the finest automobiles of its day. Capable of more than 100mph, period press lauded its “colossal” power and the British magazine Motor Sport described it as “the most amazing car it has ever been our fortune to drive”.
Not just an astounding road car, the SS models were fitted with a formidable competition chassis whose incredible performance was manifested by Rudi Caracciola’s astounding victory in the 1929 Ulster Tourist Trophy, also becoming a significant rival to the Bentley works cars at Le Mans.
Lining up alongside the Mercedes at Bonhams’ Quail Lodge sale is another of the finest quality automobiles of its day: a 1908 Thomas “Flyer” F 4-60, an example of the very model that won the 1908 New York to Paris Race – history’s first around-the-world automobile endurance challenge. Extraordinary for a 102-year old car, its full history is known from new and it has had, amazingly, just four owners.
For 2010, Bonhams’ annual August sale will expand to a two-day format as a result of popular demand. Says Mark Osborne, head of the Motoring Department, “In recent years we have been overwhelmed by the quality and quantity of consignors wishing to sell at our long established auction on the idyllic Quail Lodge property. We feel that a format of two sales tailored to specific audiences is the best way to accommodate buyers during the busy Monterey Peninsula Car Week.”
The Bonhams’ Auction of Exceptional Motorcars and Automobilia will take place August 12-13, at Quail Lodge in Carmel Valley, California.
For more information, visit www.Bonhams.com/Quail.
03/15/10: Car of the Week: 1972 Honda Z600
By Brian Earnest
Bill Colford has had a lot of Honda 600s. Almost more than he can count. Pretty much every day since 1989, he has had at least one of the little landmark Hondas in his garage or driveway. So many, in fact, that he's become perhaps the country's No. 1 authority on the tiny two-cylinder creatures.
But he's never had, or even seen, one any nicer than his fully restored 1972 Z600 coupe, and he probably never will. That's because not only are there not many of the 600s around anymore, it would be mighty hard to improve on Colford's orange coupe. It has only 300 miles on it since its re-assembly, and has been built to stand as a pristine example of the car that Honda sent stateside to break into the U.S. market.
There may be some undiscovered cars still hiding in garages and backyards, but for now, Colford's best guess is fewer than 1,000 Z600s have survived, with only maybe 300 of the cars actually drivable.
Click here for more.
Bill Colford has had a lot of Honda 600s. Almost more than he can count. Pretty much every day since 1989, he has had at least one of the little landmark Hondas in his garage or driveway. So many, in fact, that he's become perhaps the country's No. 1 authority on the tiny two-cylinder creatures.
But he's never had, or even seen, one any nicer than his fully restored 1972 Z600 coupe, and he probably never will. That's because not only are there not many of the 600s around anymore, it would be mighty hard to improve on Colford's orange coupe. It has only 300 miles on it since its re-assembly, and has been built to stand as a pristine example of the car that Honda sent stateside to break into the U.S. market.
There may be some undiscovered cars still hiding in garages and backyards, but for now, Colford's best guess is fewer than 1,000 Z600s have survived, with only maybe 300 of the cars actually drivable.
Click here for more.
03/14/10: Classic Car Insurance
A lot of classic car enthusiasts are not sure what they should do about insuring their classic or vintage vehicles. Typically, these cars have more value as a collector’s item, as opposed to their value as an actual vehicle. Still, owners of these cars certainly do want to protect that value.
The kind of insurance you get for a classic car is not the same as what you get on your personal vehicle.
The first thing you need to do is figure out if your classic vehicle can be classified as an actual classic car or as an antique. There are very different options associated with each classification.
The “Stated Amount” only serves to set the maximum amount that will be paid. It does not guarantee you a settlement amount that reflects the value of the car when a loss occurs. The “Actual Cash Value” language allows the claims adjuster to settle your loss for an amount less than the “Stated Amount.” Sadly, most insurance agents are unaware of this detail. Most agents, unaware of the actual policy language, will insist if your collector car is stolen or totaled, you will receive the stated value. Wrong!
Agreed Value: This the type of coverage you should purchase. With this policy you are guaranteed in writing the amount you would actually receive if you car is stolen or totaled. There should be no “Actual Cash Value” clause in the policy. The “Agreed Amount” policy should state that the insurance company will pay you the lesser of: The “Agreed Amount” or the cost to repair the car, not to exceed the “Agreed Amount”.
Protect your Investment. Have it Appraised!
The kind of insurance you get for a classic car is not the same as what you get on your personal vehicle.
The first thing you need to do is figure out if your classic vehicle can be classified as an actual classic car or as an antique. There are very different options associated with each classification.
The “Stated Amount” only serves to set the maximum amount that will be paid. It does not guarantee you a settlement amount that reflects the value of the car when a loss occurs. The “Actual Cash Value” language allows the claims adjuster to settle your loss for an amount less than the “Stated Amount.” Sadly, most insurance agents are unaware of this detail. Most agents, unaware of the actual policy language, will insist if your collector car is stolen or totaled, you will receive the stated value. Wrong!
Agreed Value: This the type of coverage you should purchase. With this policy you are guaranteed in writing the amount you would actually receive if you car is stolen or totaled. There should be no “Actual Cash Value” clause in the policy. The “Agreed Amount” policy should state that the insurance company will pay you the lesser of: The “Agreed Amount” or the cost to repair the car, not to exceed the “Agreed Amount”.
Protect your Investment. Have it Appraised!
03/13/10: 1954 Mercury XM-800 Dream Car
by Thomas Glatch
The 1954 Mercury XM-800 dream car fell right in the middle of the Decade of Dreams that preoccupied GM, Ford, and Chrysler. Sold on eBay for $315k in January 2009 in an unrestored state, it brought $429k at RM's Phoenix auction in January. Still, the happy buyer does have the only one, and if it had been the '54 Oldsmobile F88 or the '54 Pontiac Bonneville, he'd have spent $2.5m more at least.
Read the full article here.
The 1954 Mercury XM-800 dream car fell right in the middle of the Decade of Dreams that preoccupied GM, Ford, and Chrysler. Sold on eBay for $315k in January 2009 in an unrestored state, it brought $429k at RM's Phoenix auction in January. Still, the happy buyer does have the only one, and if it had been the '54 Oldsmobile F88 or the '54 Pontiac Bonneville, he'd have spent $2.5m more at least.
Read the full article here.
By Ken Gross
Many scratch-built custom creations were fully backyard efforts with fundamental engineering based on production car technology, but Norman Timbs' car was very different. So was Timbs. He was a skilled mechanical engineer who'd earlier designed the 1947, '48 and '49 Indy 500-winning Blue Crown Specials, driven by Bill Holland and Mauri Rose, and worked with the irrepressible Preston Tucker on the Tucker 48 Torpedo design. Timbs' was an unsual builder, and his amazing "Timbs Special" roadster was a creation unlike any other.
Click here to read more.
Many scratch-built custom creations were fully backyard efforts with fundamental engineering based on production car technology, but Norman Timbs' car was very different. So was Timbs. He was a skilled mechanical engineer who'd earlier designed the 1947, '48 and '49 Indy 500-winning Blue Crown Specials, driven by Bill Holland and Mauri Rose, and worked with the irrepressible Preston Tucker on the Tucker 48 Torpedo design. Timbs' was an unsual builder, and his amazing "Timbs Special" roadster was a creation unlike any other.
Click here to read more.
-By Daniel Strohl
With a car named Gold Digger, one wouldn’t think its owner would be pleased with silver. Such was the case, however, when Tammy Ray of Dahlonega, Georgia, took home the decidedly non-gilded Ridler trophy this past weekend at the Detroit Autorama.
Ray’s win marks a first in major hot rod award history: While other women have owned Ridler-winning hot rods with their husbands, never before has a woman won the Ridler as a solo owner. The car that earned Ray that distinction was a fiberglass-bodied 1933 Ford phaeton — painted gold, of course — built by Ted Thomas at T&T Customs in Canton, Georgia.
Thomas told Autoweek that the build took three years and that he and Ray could have debuted Gold Digger at last year’s Autorama, but they wanted to spend another year perfecting the car. Though T&T-built cars have made it to the Ridler Great Eight finalist round in the past, the Gold Digger is the first car he built to have won the award.
With a car named Gold Digger, one wouldn’t think its owner would be pleased with silver. Such was the case, however, when Tammy Ray of Dahlonega, Georgia, took home the decidedly non-gilded Ridler trophy this past weekend at the Detroit Autorama.
Ray’s win marks a first in major hot rod award history: While other women have owned Ridler-winning hot rods with their husbands, never before has a woman won the Ridler as a solo owner. The car that earned Ray that distinction was a fiberglass-bodied 1933 Ford phaeton — painted gold, of course — built by Ted Thomas at T&T Customs in Canton, Georgia.
Thomas told Autoweek that the build took three years and that he and Ray could have debuted Gold Digger at last year’s Autorama, but they wanted to spend another year perfecting the car. Though T&T-built cars have made it to the Ridler Great Eight finalist round in the past, the Gold Digger is the first car he built to have won the award.
03/10/10: Muscle Cars – 2011 Ford Mustang
-By Mike McNessor
Ford says it has received three times as many orders for 2011 Mustangs as it did for 2010 Mustangs during the same period of time last year, and is attributing the renewed interest to the ’Stang’s powerful new V-6 and V-8 engines.
Dearborn says that half of all orders nationwide are for Mustangs with the new 305hp, 30-MPG, 3.7-liter V-6 engine.
“Fuel economy ranks among the top two reasons people choose vehicles,” said Steve Ling, North America Car Marketing manager. “With the 2011 Mustang lineup, we’ve found a way to offer even better fuel efficiency for V-6, GT and even Shelby GT500 performance drivers — while improving performance. And consumers are responding.”
Nearly 11,000 Mustangs have been ordered since order banks opened in late January.
Fifty percent of the 2011 Mustang orders are for V-6 models, which feature a new, high-performance, all-aluminum Duratec 3.7-liter dual overhead-cam Twin Independent Variable Cam Timing engine. This new engine delivers 305 horsepower and an expected best-in-class EPA fuel efficiency of 30 MPG on the highway — a 25 percent improvement versus the 2010 model.
Click here to read the Hemming’s article.
Ford says it has received three times as many orders for 2011 Mustangs as it did for 2010 Mustangs during the same period of time last year, and is attributing the renewed interest to the ’Stang’s powerful new V-6 and V-8 engines.
Dearborn says that half of all orders nationwide are for Mustangs with the new 305hp, 30-MPG, 3.7-liter V-6 engine.
“Fuel economy ranks among the top two reasons people choose vehicles,” said Steve Ling, North America Car Marketing manager. “With the 2011 Mustang lineup, we’ve found a way to offer even better fuel efficiency for V-6, GT and even Shelby GT500 performance drivers — while improving performance. And consumers are responding.”
Nearly 11,000 Mustangs have been ordered since order banks opened in late January.
Fifty percent of the 2011 Mustang orders are for V-6 models, which feature a new, high-performance, all-aluminum Duratec 3.7-liter dual overhead-cam Twin Independent Variable Cam Timing engine. This new engine delivers 305 horsepower and an expected best-in-class EPA fuel efficiency of 30 MPG on the highway — a 25 percent improvement versus the 2010 model.
Click here to read the Hemming’s article.
By Brian Earnest
Glenn Barnett owns a fleet of hobby cars and his taste in old vehicles runs the gamut, but nothing has tripped his trigger like the '53 Buick Skylarks. He's been hooked on them since he was young.
"My dad had a '53 Buick Special when I was a kid, and I can remember when I was about 10 years old we pulled in to a grocery store next to one of these (convertibles) and I didn't know what it was," Barnett said. "I thought it was a customized '53 Buick and I was just gung-ho for the thing. I thought it was just beautiful. So I've always wanted a '53 Skylark."
What Barnett, a resident of Beaver Dam, Wis., wound up with is a stunning, Reef Blue example of one of one of the most noteworthy and collectible convertibles of the 1950s, and probably any decade. Only 1,690 of the special two-door Model 76X Skylark convertibles were built for 1953.
Click here to read more.
Glenn Barnett owns a fleet of hobby cars and his taste in old vehicles runs the gamut, but nothing has tripped his trigger like the '53 Buick Skylarks. He's been hooked on them since he was young.
"My dad had a '53 Buick Special when I was a kid, and I can remember when I was about 10 years old we pulled in to a grocery store next to one of these (convertibles) and I didn't know what it was," Barnett said. "I thought it was a customized '53 Buick and I was just gung-ho for the thing. I thought it was just beautiful. So I've always wanted a '53 Skylark."
What Barnett, a resident of Beaver Dam, Wis., wound up with is a stunning, Reef Blue example of one of one of the most noteworthy and collectible convertibles of the 1950s, and probably any decade. Only 1,690 of the special two-door Model 76X Skylark convertibles were built for 1953.
Click here to read more.
03/08/10: Own an Automotive Franchise
Do you like hanging out in the garage? Do you drive a souped up car you built yourself? Do you love to get good and greasy, enjoying every revving engine and spinning wheel? If are something you love or just enjoy, purchasing an automotive business franchise can be a smart business opportunity for you.
Buying an auto franchise gives you instantaneous name recognition. Automotive franchises give the franchise owners a well known name you can't get with a brand new business. Automotive franchises give the franchise owners a well known name you can't get with a brand new business.
Click here for more information.
Buying an auto franchise gives you instantaneous name recognition. Automotive franchises give the franchise owners a well known name you can't get with a brand new business. Automotive franchises give the franchise owners a well known name you can't get with a brand new business.
Click here for more information.
03/07/10: 1970 De Tomaso Mangusta
s/n 8MA1048
Beige Gray with Black Leather
De Tomaso’s first production car manufactured in significant volume, the Mangusta was a remarkable car when first unveiled at the Turin Motor Show in 1966. Following the lead set by the Lamborghini Miura a few months earlier at Geneva, the Mangusta was beautifully styled and featured a mid-mounted powerplant. Along with the Miura, it represented one of the first high performance mid-engined road cars produced in any significant numbers. The specification was very modern, with independent suspension and disc brakes all around, ZF 5-speed transaxle, and a very low and attractive body styled by Giugiaro who was then working at Ghia. The engine was a Ford-sourced V8, which combined with the car’s light weight (in the neighborhood of 2600 pounds), made for excellent performance. By the time production ended to make way for the Pantera, just 400 had been built, making them quite rare.
This particular car was in the same ownership from new until 2009, and its indicated mileage of 9226 is from new. Its careful storage ensures that it is in very nice original condition, with only some sympathetically retouched paintwork and the fitment of new tires being the only significant departures from the car’s original equipment and configuration. It has been recently serviced, including attention to the braking and cooling systems. The car retains its tool roll with tools.
More Info
Beige Gray with Black Leather
De Tomaso’s first production car manufactured in significant volume, the Mangusta was a remarkable car when first unveiled at the Turin Motor Show in 1966. Following the lead set by the Lamborghini Miura a few months earlier at Geneva, the Mangusta was beautifully styled and featured a mid-mounted powerplant. Along with the Miura, it represented one of the first high performance mid-engined road cars produced in any significant numbers. The specification was very modern, with independent suspension and disc brakes all around, ZF 5-speed transaxle, and a very low and attractive body styled by Giugiaro who was then working at Ghia. The engine was a Ford-sourced V8, which combined with the car’s light weight (in the neighborhood of 2600 pounds), made for excellent performance. By the time production ended to make way for the Pantera, just 400 had been built, making them quite rare.
This particular car was in the same ownership from new until 2009, and its indicated mileage of 9226 is from new. Its careful storage ensures that it is in very nice original condition, with only some sympathetically retouched paintwork and the fitment of new tires being the only significant departures from the car’s original equipment and configuration. It has been recently serviced, including attention to the braking and cooling systems. The car retains its tool roll with tools.
More Info
03/06/10: Collectible Classic - 1963 ATS GT Coupe
As one of eight made and with five thought to survive, this is not a car which can be used with abandon, as parts would have to be fabricated
by Donald Osborne
Looking like a Ferrari Dino, powered by a V8, AND designed by Ferrari rebels, the ATS should have been a huge success. But the company went racing and bankrupted itself in short order. Of eight cars built only five remain, with four others being assembled later as Serenissimas. So at $510,017 at RM's London auction on October 28, 2009, this car should have been a bargain. Was it?
Read the full article here
by Donald Osborne
Looking like a Ferrari Dino, powered by a V8, AND designed by Ferrari rebels, the ATS should have been a huge success. But the company went racing and bankrupted itself in short order. Of eight cars built only five remain, with four others being assembled later as Serenissimas. So at $510,017 at RM's London auction on October 28, 2009, this car should have been a bargain. Was it?
Read the full article here
03/05/10: The next generation Cobra Roadster
- By Terry McGean
Perhaps no other car has inspired so many replicas as Carroll Shelby’s AC Cobra. The legendary 427 Cobras were victors on the track, terrors on the street and capable of performance numbers that stood as the high water mark for production sports cars for many years. Exclusivity that resulted from high cost and low production numbers spawned replicas before long, and over the years there have been many such efforts, some that attempt to accurately recreate every detail of the original, and others that can only offer a reasonable facsimile of the Cobra’s appearance.
Factory Five was a relative latecomer to the replica field, but quickly carved an appealing niche in the market by offering reasonably priced kits that used lots of mechanical bits from the popular Ford Fox-platform Mustang 5.0. The resulting vehicles looked good and performed well, and provided builders with lots of options for upgrades, thanks to the vast aftermarket for the Fox Mustang.
The success of the original Factory Five Roadster led to further developments, both in improving the Roadster and in creating other models. Now the company has directed its attention back to the original product with a next-generation effort, yielding the new Mk4 Roadster. Many of the improvements to the Mk4 were made to make the body even more true to the original in dimension and detail, while also improving its build quality, but another design goal was to enhance driver and passenger space. In addition, the chassis is also new, with upgrades to provide increased rigidity and better handling. There are many details that Factory Five lists at www.factoryfive.com; the company is also offering discounted rates on the remaining inventory of Mk3 Roadsters. While you’re there, also take a look and the company’s slick Type 65 Coupe.
www.factoryfive.com
Perhaps no other car has inspired so many replicas as Carroll Shelby’s AC Cobra. The legendary 427 Cobras were victors on the track, terrors on the street and capable of performance numbers that stood as the high water mark for production sports cars for many years. Exclusivity that resulted from high cost and low production numbers spawned replicas before long, and over the years there have been many such efforts, some that attempt to accurately recreate every detail of the original, and others that can only offer a reasonable facsimile of the Cobra’s appearance.
Factory Five was a relative latecomer to the replica field, but quickly carved an appealing niche in the market by offering reasonably priced kits that used lots of mechanical bits from the popular Ford Fox-platform Mustang 5.0. The resulting vehicles looked good and performed well, and provided builders with lots of options for upgrades, thanks to the vast aftermarket for the Fox Mustang.
The success of the original Factory Five Roadster led to further developments, both in improving the Roadster and in creating other models. Now the company has directed its attention back to the original product with a next-generation effort, yielding the new Mk4 Roadster. Many of the improvements to the Mk4 were made to make the body even more true to the original in dimension and detail, while also improving its build quality, but another design goal was to enhance driver and passenger space. In addition, the chassis is also new, with upgrades to provide increased rigidity and better handling. There are many details that Factory Five lists at www.factoryfive.com; the company is also offering discounted rates on the remaining inventory of Mk3 Roadsters. While you’re there, also take a look and the company’s slick Type 65 Coupe.
www.factoryfive.com
- By Mike McNessor
If you're bothering to read this, you don't need to be reminded that 1970 Hemi Challenger convertibles are scarce. But for the record, Dodge built nine of them.
Number two of that elite nine is this Poly Green on Green, TorqueFlite automatic-equipped example that will cross the block at the 23rd running of Dana Mecum's Original Spring Classic Auction, May 19-23. If you’re not planning on being there, and you have Discovery HD, this Challenger will be featured during the broadcast of the auction. You can also watch the auction live over the web through Mecum's InfoNet (free registration is required).
Aside from being the second Hemi Challenger produced for the 1970 model year, the car has an interesting history. According to the auction profile provided with the car:
“...it was sold by the dealer principal at cost to a friend while they were playing their weekly game of checkers. In return for the sizable discount, the buyer, a Poplar Bluffs, Missouri, anesthesiologist named Langford Palmer, agreed to the dealer’s one caveat: that he race it on the street. It was a win-win accord: Palmer and his Challenger built a reputation as unbeatable, and the Dodge dealer’s sales went through the roof.
More Info
If you're bothering to read this, you don't need to be reminded that 1970 Hemi Challenger convertibles are scarce. But for the record, Dodge built nine of them.
Number two of that elite nine is this Poly Green on Green, TorqueFlite automatic-equipped example that will cross the block at the 23rd running of Dana Mecum's Original Spring Classic Auction, May 19-23. If you’re not planning on being there, and you have Discovery HD, this Challenger will be featured during the broadcast of the auction. You can also watch the auction live over the web through Mecum's InfoNet (free registration is required).
Aside from being the second Hemi Challenger produced for the 1970 model year, the car has an interesting history. According to the auction profile provided with the car:
“...it was sold by the dealer principal at cost to a friend while they were playing their weekly game of checkers. In return for the sizable discount, the buyer, a Poplar Bluffs, Missouri, anesthesiologist named Langford Palmer, agreed to the dealer’s one caveat: that he race it on the street. It was a win-win accord: Palmer and his Challenger built a reputation as unbeatable, and the Dodge dealer’s sales went through the roof.
More Info
03/03/10: Classic Cars
Hemmings Concours
-By Richard Lentinello
We just added a new featured marque to our upcoming New England Concours — AMX. We’re seeking outstanding original-spec examples of AMX muscle cars to take part in this special display. If you don’t own an AMX, don’t forget about the many other special classes: Brass Era, Classics, Muscle Cars, Cars of the Fifties, Corvettes, Original Preservation, European Sports Cars, Sixties Cars, Vintage Trucks and Motorcycles, including this year’s special class for Indian motorcycles. The Concours takes place on Sunday, July 18, at Stratton Mountain Resort in southern Vermont.
The Concours is limited to about 125 vehicles, so please apply early. For more details visit our website: www.hemmings.com.
-By Richard Lentinello
We just added a new featured marque to our upcoming New England Concours — AMX. We’re seeking outstanding original-spec examples of AMX muscle cars to take part in this special display. If you don’t own an AMX, don’t forget about the many other special classes: Brass Era, Classics, Muscle Cars, Cars of the Fifties, Corvettes, Original Preservation, European Sports Cars, Sixties Cars, Vintage Trucks and Motorcycles, including this year’s special class for Indian motorcycles. The Concours takes place on Sunday, July 18, at Stratton Mountain Resort in southern Vermont.
The Concours is limited to about 125 vehicles, so please apply early. For more details visit our website: www.hemmings.com.
03/02/10: Who Pays at Russo and Steele?
by John Draneas
Who would have thought that the wind could blow so hard? That turns out to be the multi-million-dollar question in Scottsdale.
The big story from this year’s Arizona auctions was not the market, but the weather. What was called the worst storm in 40 years—with estimated 80-mph winds—blew through the area on Thursday evening and destroyed two 800-foot tents at the Russo and Steele auction. “Breaking News” updates sent to SCMers included TV news and YouTube videos that showed the wind lifting the tents like runaway umbrellas. The tent fabric may have caused scratches and broken mirrors, but the major damage came from the aluminum tent poles crashing into, over, and through many of the hundreds of collector cars underneath.
According to Russo and Steele President Drew Alcazar, the company was well aware that weather forecasts called for major rains, but not the gale-force winds. Crews were on-site to manage the water flow throughout the day. But when the wind picked up and the big tents started to flutter and sway, an evacuation was ordered to get people to safety. Fortunately, everyone exited the tents in time and there were no significant injuries. Aftermath photos of the damaged cars clearly show that people could have been killed.
Police and firemen quickly closed the site to prevent injury, barring car owners from entering to inspect or remove their cars, or take precautions to protect them from further damage. Rain, wind, and hail continued to pelt the cars that were now exposed to the elements, some with their tops down.
The site remained closed until early Saturday morning. Clean-up followed at a Herculean pace, and auction staff did everything they could to protect the cars from further damage, including wrapping hundreds of them in plastic. The auction resumed on Sunday and was extended into Monday. Alcazar said that many consignors first pulled their cars from the auction, but as the auction restarted and progressed at such an encouraging pace, many re-entered their cars. Many of them sold at pre-auction estimated sales prices, including some that were sold in damaged condition—some with, and, amazingly, some without the caveat that they would be returned to pre-damaged condition as a part of the sale.
McKeel Hagerty, President of Hagerty Collector Car Insurance Co., estimates more than 300 cars were damaged, of which at least 110 were insured by Hagerty. By any measure, this was a catastrophe. Hagerty expects that the claims will “test many contractual requirements in many directions.” We will have to wait and see how all that turns out, but in “Legal Files” style, we can take an advance look at the likely issues.
For the rest of the Sports Car Market Article
Who would have thought that the wind could blow so hard? That turns out to be the multi-million-dollar question in Scottsdale.
The big story from this year’s Arizona auctions was not the market, but the weather. What was called the worst storm in 40 years—with estimated 80-mph winds—blew through the area on Thursday evening and destroyed two 800-foot tents at the Russo and Steele auction. “Breaking News” updates sent to SCMers included TV news and YouTube videos that showed the wind lifting the tents like runaway umbrellas. The tent fabric may have caused scratches and broken mirrors, but the major damage came from the aluminum tent poles crashing into, over, and through many of the hundreds of collector cars underneath.
According to Russo and Steele President Drew Alcazar, the company was well aware that weather forecasts called for major rains, but not the gale-force winds. Crews were on-site to manage the water flow throughout the day. But when the wind picked up and the big tents started to flutter and sway, an evacuation was ordered to get people to safety. Fortunately, everyone exited the tents in time and there were no significant injuries. Aftermath photos of the damaged cars clearly show that people could have been killed.
Police and firemen quickly closed the site to prevent injury, barring car owners from entering to inspect or remove their cars, or take precautions to protect them from further damage. Rain, wind, and hail continued to pelt the cars that were now exposed to the elements, some with their tops down.
The site remained closed until early Saturday morning. Clean-up followed at a Herculean pace, and auction staff did everything they could to protect the cars from further damage, including wrapping hundreds of them in plastic. The auction resumed on Sunday and was extended into Monday. Alcazar said that many consignors first pulled their cars from the auction, but as the auction restarted and progressed at such an encouraging pace, many re-entered their cars. Many of them sold at pre-auction estimated sales prices, including some that were sold in damaged condition—some with, and, amazingly, some without the caveat that they would be returned to pre-damaged condition as a part of the sale.
McKeel Hagerty, President of Hagerty Collector Car Insurance Co., estimates more than 300 cars were damaged, of which at least 110 were insured by Hagerty. By any measure, this was a catastrophe. Hagerty expects that the claims will “test many contractual requirements in many directions.” We will have to wait and see how all that turns out, but in “Legal Files” style, we can take an advance look at the likely issues.
For the rest of the Sports Car Market Article
03/02/10: Car of the Week: 1954 Nash Metropolitan
By Brian Earnest
Back in 1970, even though he had just bought a flashy new muscle car, Jim Caron just couldn't help himself. His sparkling new 1969 SC/Rambler was fun and all, but Caron figured that the lonely old 1954 Nash Metropolitan he had seen at a local boneyard needed a new home.
"I dunno, I'm a car guy, I've always been a car guy," said Caron, a resident of Las Vegas. "I had [a Metropolitan] before that, but it was all rusty? Just being the junkyard dog that I am, I had to ask the guy how much he wanted for it. I wound up giving him 40 bucks. Then I put a battery in it and drove it home.
"Now, you have to remember, at that time these cars were absolutely worthless. Hey, $50 could buy you a real car back in those days!"
Caron might not have guessed it at the time, but his decision to part with two Andrew Jacksons has blossomed into a longtime attachment to his little Nash, which is now a shiny, fully restored show-stopper that has become a permanent part of Caron's ever-changing collector car fleet.
Click here to read more about this mighty mite.
Back in 1970, even though he had just bought a flashy new muscle car, Jim Caron just couldn't help himself. His sparkling new 1969 SC/Rambler was fun and all, but Caron figured that the lonely old 1954 Nash Metropolitan he had seen at a local boneyard needed a new home.
"I dunno, I'm a car guy, I've always been a car guy," said Caron, a resident of Las Vegas. "I had [a Metropolitan] before that, but it was all rusty? Just being the junkyard dog that I am, I had to ask the guy how much he wanted for it. I wound up giving him 40 bucks. Then I put a battery in it and drove it home.
"Now, you have to remember, at that time these cars were absolutely worthless. Hey, $50 could buy you a real car back in those days!"
Caron might not have guessed it at the time, but his decision to part with two Andrew Jacksons has blossomed into a longtime attachment to his little Nash, which is now a shiny, fully restored show-stopper that has become a permanent part of Caron's ever-changing collector car fleet.
Click here to read more about this mighty mite.
03/01/10: Making Money from Home
Appraisals of custom and collectible vehicles
Do you have an obsession for appraising cars? If so, you’ll probably fit in nicely with Auto Appraisal Network. The group provides actual cash value and diminished value appraisals, utilizing advanced software and the expertise of a network of certified automobile appraisers.
Do you want to make the most of your obsession? Auto Appraisal Network provides the training, equipment, and startup/ongoing support you'll need for the task.
All Business Link
Entrepreneur Online
Do you have an obsession for appraising cars? If so, you’ll probably fit in nicely with Auto Appraisal Network. The group provides actual cash value and diminished value appraisals, utilizing advanced software and the expertise of a network of certified automobile appraisers.
Do you want to make the most of your obsession? Auto Appraisal Network provides the training, equipment, and startup/ongoing support you'll need for the task.
All Business Link
Entrepreneur Online
