Racers - Hagerty Insurance Agency

P.O. Box 87 | Traverse City, MI | 49685

PRSRT STD u.s. Postage

PAID

Milwaukee, WI

Permit #4523

FUEL FOR T HE MOTORING LIFESTYLE

VOLUME 4, ISSUE 1 | SPRING 2009

Racers amazing Inside DR. SIMEONE'S TROVE OF ENDURANCE WINNERS

McKeel Hagerty's Top Scottsdale Buys | Our Third Annual State of the Hobby Report

? The Klemantaski Collection

FedEx? Auto Transport

? 2009 FedEx

FedEx, for Your Fast Cars, Not Just Your Freight.

FedEx? Auto Transport is the choice for car people. We think about overhead cams more than overnight packages. Our specialized equipment includes air-ride suspension and lift gates for safe, horizontal loading. From moving vintage racers to caring for classic collectibles, we're the leaders of fully enclosed transport for fine vehicles, with the reliability you expect from FedEx.

customcritical.auto 1.800.325.4267

editorial staff Executive Publisher McKeel Hagerty Associate Publisher Jonathan A. Stein Executive Editor Jerry Burton Managing Editor lori bremerkamp Art Director Todd Kraemer Designer MOLLY JEAN Copy Editor SHEILA WALSH DETTLOFF Art Production Manager JOE Ferraro Creative Director Laura Rogers Editorial Director Dan Grantham

Publishing staff Managing Director Jeremy Morris Director of Publishing Angelo Acord Publication Manager Danielle Poissant Project Manager Scott Stanislav Account Coordinator NIK ARINI Production Manager KATHY COSGRO

Contributors Carl Bomstead, Bob Butz, Ken Gross, Dave Kinney, Harold Pace, Rob Sass, Don Sherman, Rich taylor

advertising staff National Sales Manager Tom Krempel, 586-558-4502 tkrempel@campbell- East Coast Sales Office Tom Krempel, 586-558-4502 tkrempel@campbell- Central Sales Office Lisa Kollander, 952-974-3880 lkollander@ West Coast Sales Office Melissa Austin, 818-225-0466 maaustin@

Questions about the magazine? Call 866-922-9401 or e-mail us at editorhagertys@.

? 2009 HAGERTY. All rights reserved. Printed in USA. No part of this magazine may be reproduced without permission. All unsolicited submissions, including manuscripts, photographs and queries, must be accompanied by adequate return postage and an addressed return envelope. Submission implies right to edit and publish. Editorial correspondence: Hagerty's magazine, P.O. Box 2120, Warren, MI 48090-2120. Publisher's correspondence: publisherhagertys@. Products and services advertised in this issue are not necessarily endorsed by Hagerty or affiliates. Complaints or inquiries should be forwarded directly to the advertiser. All purchases are at the complete discretion of the consumer.

Change of address? Incorrect address? Receiving duplicate copies? We want you, as a member, to continue receiving Hagerty's magazine. Please send all address changes and duplicate copy information to Hagerty's Reader Services, P.O. Box 87, Traverse City, MI 49685.

HGMEM

PUBLISHER'S LETTER

Opportune Times?

McKeel Hagerty (left) and Hagerty's contributor Ken Gross commenting on the surprises and deals at RM's 2009 Automobiles of Arizona sale.

The Global economy is probably the one thing on all of our minds as we look back on the year just past. After the tribulations and uncertainty with gas prices, Wall Street and the auto industry, we hope for smoother sailing in 2009.

In our annual State of the Hobby report (page 32), veteran car hobby analyst and collector Rob Sass looks at the challenges facing the hobby in light of the uncertain economy and the opportunities rising from it, especially for first-time buyers.

He points out that while there has been a long-expected reckoning in terms of muscle car and clone prices, many other categories have held their own. And while world-record sales have fueled the collector car market over the last five years or so, the flip side isn't falling prices, it's great deals to be had, such as those mentioned in my list of top buys at Scottsdale on page 7.

The bottom line is that market cycles will continue to affect the hobby, and the smart buyer will take advantage of the opportunities. One collector sure to be on the lookout is Dr. Frederick Simeone, a nationally known neurosurgeon who, through passion, research and hard work, has assembled an incredible collection of endurance racing winners from Le Mans, Sebring and the Targa Florio, among others. I've seen a lot of car collections, but very few surpass the majesty of Simeone's -- and we`re happy to have an inside look at it (page 22). His collection is housed in a magnificent facility in Philadelphia, with many of his cars staged in recreations of their winning venues.

You may also notice that we've expanded our news section up front and added a new automotive lifestyle department to give you more on what's happening in the hobby. Our Experience section debuts with Rich Taylor offering insight into storage collectives that often double as workshops and social clubs (page 38). And Carl Bomstead authors a piece on custom-fitted Grand Touring luggage (page 40). Enjoy!

Hagerty's Magazine | 3

Blair Bunting

CONTENTS

FEATURES

22 Enduring Vision

A look at how Dr. Frederick A. Simeone`s love for sports racers has translated into one of today`s most impressive automotive museums (above).

28 Mr. Insider

Keith Martin discusses his transformation from ballet dancer to one of the hobby`s most respected authorities on collector cars and auctions.

32 State of the Hobby

Our annual report examines how last year`s uncertain economy impacted the collector car market and what this year could bring.

DEPARTMENTS

44

6Short Shifts

13 Car Counselor

14 Market Watch

18

16Essential Collector

18Your Turn

20Automobilia

38Experience 42 42 Gear Guide

44Great Resources

46Rearview Mirror

36 The Ethanol Debate

Preliminary results are in from a recent study conducted by Hagerty and Kettering University, and caution is still the watchword.

46 20

4 Hagerty's Magazine |

FREE Color Catalog

Call 24 Hours

352-387-0021

OR SHOP ON-LINE

Checkout our New interactive catalog



National Parts Depot is proud to be a major sponsor

of The Iacocca Foundation and The Lee Iacocca Award,

"Given for Dedication to excellence in perpetuating an American Automotive Tradition."



800-874-7595

FLORIDA Ocala

800-235-3445 CALIFORNIA Ventura

800-521-6104

MICHIGAN Canton

800-368-6451 N. CAROLINA Charlotte

Local 352-861-8700 - 900 SW 38th Ave. Local 805-654-0468 - 1376 Walter St. #1 Local 734-397-4569 - 2435 S. Haggerty Rd. Local 704-331-0900 - 7000 MacFarlane Blvd.

Copyright ? 2008 by National Parts Depot. All Rights Reserved.

short shifts 1 3 5

2

4 |

|

|R|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

auctions |||||||||||||||||||||

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

Clockwise from top left: RM's 1939 Lincoln Zephyr Convertible Coupe, Russo and Steele's 1955 Mercedes-Benz 300 SL Gullwing, Silver's 1970 Dodge Challenger, Gooding & Company's 1960 Ferrari 250 GT SWB California Spider and Barrett-Jackson`s 1929 Ford 4-AT-E Tri-Motor airplane.

our Picks

McKeel Hagerty's Top 10 Scottsdale Buys

Over the last five years or so, we've grown used to climbing record prices for collector cars. These days there are fewer records, and most car prices are holding their own considering the state of the economy. However, if you were in the right place at the right time at the recent Arizona auctions, it was possible to find some seriously good cars at some very good prices. Here are my top 10 deals of the week:

1. 1972 Mercedes-Benz 350SL, $4,752 (Silver) 2. 1995 Chevrolet Corvette, $8,100 (Silver) 3. 1963 Studebaker Avanti, $12,420 (Silver) 4. 1977 Pontiac Trans Am, $14,850 (Russo and Steele) 5. 1964 Chevrolet Corvette coupe, $24,000 (Silver) 6. 1973 DeTomaso Pantera, $35,750 (RM Auctions) 7. 1 957 Ford Thunderbird "E-Bird," $55,000

(Russo and Steele) 8. 1 954 Chevrolet Corvette, $60,500

(Gooding & Company) 9. 1 955 Packard Caribbean convertible, $82,500

(Barrett-Jackson) 10. Jaguar XK120SE roadster, $84,700 (RM Auctions)

Bonhams' record-setting 1955 4.4-liter Ferrari 121 LM Spyder Corsa brought $3.49 million post sale.

record ferrari 121 in Gstaad

GSTAAD, Switzerland -- A 1955 4.4-liter Ferrari 121 LM Spyder Corsa racing two-seater made the top price at Bonhams' Gstaad auction in Switzerland December 20 -- going for $3.49 million post sale and setting a new auction record for this model. Overall, collectors saw a lower than average sell-through rate, despite the saleroom being at full occupancy. However, the vehicles that sold still brought healthy prices, with a 1933 Alfa Romeo 6C-1750 Cabriolet by Castagna at $358,467, a 1965 Ferrari 275GTS Convertible at $561,184 and a 1961 Maserati 3500GT Vignale Convertible at $314,437 being notable highlights. What's more, original documents relating to the Le Mans GT?winning Ferrari 250GTO went for $10,355. Visit for complete results.

Arizona auction

week

The days of rampant speculation, easy-profit

car flipping and buyer appetite for everything

are clearly on hold.

Scottsdale, Arizona -- It's safe to say the collector car community breathed a collective sigh of relief after the final gavel dropped on this year's Arizona auctions. On the whole, sales were down, but not as much as the overall economy, proving the market is reasonably solid. Gooding & Company () had a remarkably strong showing, netting $32.4 million, up from $21 million in 2008. The sales spike was helped, in part, by the $4.95-million purchase of an extremely rare 1960 Ferrari 250 GT SWB California Spider -- the top sale of the week. Despite the highly anticipated 1963 Corvette Grand Sport 002 roadster failing to change hands, RM () also enjoyed a solid event, bringing in more than $18 million. For the educated buyer, there were several deals to be had at this sale, including a 1939 LincolnZephyr Convertible Coupe that went for $56,100 -- quite the bargain for a drop-top full classic. Barrett-Jackson's (barrett-) $63 million total included an assortment of GM Heritage fleet vehicles and a 1929 Ford 4-AT-E Tri-Motor airplane that went for $1.21 million. Sales exceeded $17.1 million at Russo and Steele (), which converted to an all-reserve platform this year. Silver Auctions () enjoyed more than $3.56 million in sales, with its top sale, a 1970 Dodge Challenger, bringing $70,200. Relive the Arizona action with exclusive photos, interviews and more at scottsdale.

Despite the instability of the current economic climate, this 1965 Ferrari 250 LM Berlinetta brought $3.74 million at RM's London sale.

prancing ponies Fetch $3.74M

London, England -- Classic car fever hit Central London in late October when RM Auctions assembled 100 fine automobiles for a sale that lasted seven hours in front of a standing-room-only crowd.

A series of intense bidding contests developed throughout the evening, which saw a 1965 Ferrari 250 LM Berlinetta and the 1959 Ferrari 250 GT Tour de France each fetch $3.74 million, indicating the continued strength of the sports and racing car segment of the market. Another notable lot was a 1938 Bugatti Type 57C Atalante -- formerly owned by a member of New York's Strauss family and recently discovered after 45 years in storage -- that brought $1.09 million.

Get complete details of the London sale at .

6 Hagerty's Magazine |

Hagerty's Magazine | 7

short shifts 1 3 5

2

4 |

|

|R|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

events ||||||||||||||||

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

|

Spring Carlisle

Enjoy the annual wake-up call for hibernating car nuts.

Spring Carlisle's Car Corral (shown here) will offer buyers the chance to shop, compare and make deals directly with owners.

Carlisle, Pennsylvania -- Just as Hershey signals the end of the old-car season on the East Coast, Spring Carlisle lures many enthusiasts out of winter hibernation. More than 100,000 car nuts will converge on Carlisle, Pennsylvania, April 22?26 for an annual rite of spring that's grown into far more than a simple swap meet. Like the Pebble Beach Concours d'Elegance or the Eastern Division AACA National Fall Meet at Hershey, Spring Carlisle has become one of those international automotive icons that every enthusiast needs to attend at least once. In addition to 100 acres of automotive merchandise offered by thousands of vendors, there will be at least 2,000 vehicles for sale in the Car Corral. There will also be a collector car auction one block from the fairgrounds at the new Carlisle Expo Center Thursday and Friday evenings, April 23?24. What's more, Spring Carlisle will host its first-ever Cruise-In April 26. Complete details on this event, as well as the nine others held throughout the summer at the Carlisle Fairgrounds, are available at or by calling 717-243-7855. -- Rich Taylor

All that glitterS

Turn-of-the-century motoring on display at Saratoga.

Saratoga Springs, New York -- Before World War I, more than 1,000 makes of cars were built in the United States. Automotive brightwork consisted of brass, which required constant upkeep. The "Age of Brass" ran from 1890 to 1918, after which brass plating evolved through a nickel period into chromium. Brass-era cars -- which range from petite, curved-dash Oldsmobile Runabouts to luxurious Rolls-Royce Silver Ghosts -- were primitive. Some had steam or electric propulsion power, demanding an engineer's ability to operate the vehicle. Conventional cars with gas engines had to be started manually via a dangerous-to-use hand crank. Tires were fragile, necessitating frequent changes.

A sampling of the brass-era vehicles on display at the Saratoga Automobile Museum.

Most automobiles were open, with folding canvas tops. The lighting systems used acetylene gas, and each lamp required individual manual operation. Instrumentation was sparse, ride and handling were rudimentary, and cars frequently broke down.

From now to May 10, Saratoga Auto mobile Museum in Saratoga Springs, New

York, presents "All that Glitters," a collection of brass-era antique automobiles. The display includes New York State?based nameplates, such as Pierce and Franklin, along with rare birds, such as E-M-F, Jewel and Brush.

Adult admission is $8. Seniors, students and children are less. For more, check out . -- Ken Gross

We will deliver

ANYWHERE!

ASK ABOUT OUR LIFETIME WARRANTY

Amelia Island Celebrates Coachbuilder and Races

Amelia Island, Florida -- Bill Warner always puts on a good show, and he's expected to do so again at this year's Amelia Island Concours d'Elegance March 13?15. Featured will be the elegant creations of noted Southern California coachbuilder Bohman & Schwartz. Possibly their most famous creation was the "Phantom Corsair," which will be making a rare trip out of the National Automobile Museum

(The Harrah Collection) in Reno, Nevada. Its futuristic, shark-like body was mated to a Cord 810 chassis and appeared in The Young in Heart as the mysterious Flying Wombat.

Fifty years of the only Indy car race at Daytona also will be remembered with a special seminar. "The race may be only a footnote to some, but it is an important part of auto racing's overall history," says Warner, founder and co-chair of the concours.

Visit for complete details.

8 Hagerty's Magazine |

Hagerty on the road Catch the Hagerty team at the Charlotte AutoFair Spring Meet April 2?5 in Charlotte, North Carolina; the BarrettJackson Collector Car Event April 9?11 in Palm Beach, Florida; and the Keels & Wheels Concours d'Elegance May 2?3 in Seabrook, Texas.

ENCLOSED LOWPROFILE CAR HAULER 12FT-40FT CAR HAULER

40' LOW PROFILE SPORTS CAR TRAILER

877-639-0377 SAME OWNERS, SAME QUALITY TRAILERS, SAME SERVICE

& LOCATION, BUY & ORDER MANUFACTURER DIRECT FORMERLY KNOWN AS

X-TREME TRAILERS

WWW. 180 Ruth St, Montrose, MI 48457

Hagerty's Magazine | 9

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download