February 2016

SHOPTALK

Welcome new ShopTalk subscribers! 

Through the Windscreen

Philadelphia International Auto Show

Now – February 7th

It's that time again! The Philadelphia International Auto Show runs now through February 7th. All of the modern day car manufacturers are here in force. We are once again supporting the Elegance at Hershey / AACA Exhibit near the Broad Street entrance. Come to see these styles and shapes of the past!

AACA National Meeting

February 11 – February 13

The AACA National Meeting is held in February every year at the Sheraton Hotel on 17th Street In Philadelphia. If you have yet to attend, I suggest you stop in as there are many seminars about our hobby including electrolysis metal finishing, interior cleaning and stain removal, and certification and judging of vintage race cars to name few. Check the AACA's Seminar Listing for complete offerings. We will have an exhibit set up the vendor room. Stop by and see our latest restoration projects.

 

Youngsters are introduced to the hobby by learning to scrutinize every detail at an AACA Junior Judging Seminar.

Get to know Pollock Auto Restoration and Ragtops & Roadsters

Classic Car Calendar of Events

2/1   Pottstown Classic Car Club Monthly Meeting, Sanatoga, PA
2/1   North Penn Model A Ford Club Monthly Meeting, Lansdale, PA
2/3   AACA Pottstown Region Monthly Meeting, Pennsburg, PA
2/4   Delaware Valley Model A Ford Club Monthly Meeting, Bensalem, PA
2/6   DVR CCCA Winter Tour, Andrew Rosen Collection, Philadelphia, PA
2/11 – 2/13   80th AACA Annual Meeting, Philadelphia, PA
2/16   Cadillac LaSalle Club Spring Monthly Meeting, Malvern, PA
2/18   Delaware Valley Road Runners Club Monthly Meeting, Levittown, PA
2/19–2/21   Boca Raton Concours, Boca Raton, FL
2/20   VFR Cadillac La Salle Club Bus Trip to Lennys Garage, Brooklyn, NY
2/21   CCCA Grand Classic, Bocca Raton, FL
2/26–2/28   Atlantic City Car Show & Auction, Atlantic City, NJ

Check our upcoming newsletters for a complete 2016 calendar!

 

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We agree to do our best to keep this calendar updated to reflect the most current information.

Coming from our shop soon!

The finishing touches are being applied to this very rare and handsome 1937 Railton Fairmile three position drop-head coupe. This English bodied Hudson based chassis and powertrain will make its debut at the 2016 Amelia Island Concours in March. It is the culmination of a long and careful process that will show case the craftsmanship and attention to detail from our staff. More pictures to come from Amelia!

In the Rearview

Auction Report "Rolling Sculpture" & "Driven by Disruption"

by: Dave Hutchison, Operations Manager

A great restoration candidate at Rolling Sculpture was this 1939 BMW 327 Sport Cabriolet that sold for over $100,000.

"Rolling Sculpture" was the first Keno Brothers Classic Car Auction held in New York on Nov 19th. Their presentation was top shelf, museum quality, as all of the cars were displayed on pedestals and lit to show every beautiful line and curve. Their sale price estimates were strong but the way the market has been moving; who knew? The mood was good and but crowd was a little less than expected. I was later told that many potential overseas buyers did not attend just days after the Paris terrorist attacks. Once underway, the room was quiet and the auctioneer was not enthusiastic, to say the least. That's where it all went into slo-mo. Every lot was stretched out far beyond what time needed to engage bidders and soon the 'no sales' climbed higher and higher. One might ask, "Is the bubble popping?" When the dust settled only 50 % of the lots that crossed the block sold for a total of $8.3M. Many cars sold below the estimated ranges, however, a stand out lot was a superb 1968 Bizzarrini Strada 5300 that brought $1,010,000. As we headed out into the rain and I wondered if now is the time to sell?

Our friend Andy Reid from classiccars.com in this special PorscheLess than a month later, another New York auction aptly named "Driven by Disruption" by RM Sotheby's was held on December 10th. It still did not answer that question. Although I did not attend this auction, the total of $76.1 M again fell far short of expectations and the sell thru rate was disappointing as 10 of the 31 vehicles offered went home with their sellers. One car that did far exceed RM's expectations, that has been seen by the pubic for the last 20 years at the Rock & Roll Hall of Fame in Cincinnati, was the 1964 Porsche once owned by Janis Joplin. RM estimated this celebrity car to sell between $400K and $600K. This treasure had seven bidders chasing and it finally hammered at a whopping $1.76M! Can the new owner sing' "Oh Lord, won't you buy me a Mercedes Benz?" Long live Rock & Roll!

In terms of beauty, and one of my favorite shapes, was the 1962 Aston Martin DB4/GT, whose body was designed and built by the famed coach builder, Zagato. This British/Italian hybrid sold for $14.3 million (est. $15-17 million). It was the 14th of 19 iterations built and had been restored to the nines. Photos by Andy Reid.

Most of the cars at both of these auctions were extremely rare, the best of the best with significant provenance, and many have broken the price ceiling due to that fact. Most common vintage sports cars have appreciated well since the recession, and the leader of that pack is still held the Jaguar E-Type, as Lot # 114 sold for $380K. Still a respectable number! Although some say this iconic car's value has now flattened out, it still remains strong compared to their pricing only three years ago. The high end auctions do indicate market confidence, but for me, I will continue to hold, not for financial concerns, but for the reward vintage car owners receive in two ways, pride in ownership and smiles per mile! Let's see what happens at Scottsdale and it’s still too early to judge whether the once booming classic car market has toned down a couple of notches. Most of the US sales take place on the West Coast and these New York sales venues are relatively new to the market so the question still remains.

Simeone Spirit of Competition Honoring David Hobbs

This annual fundraiser has always been a special night at the Simeone Foundation Museum. This year Dr. Simeone hosted David Hobbs as the evening's honoree. Introduced by Bill Warner, of the Amelia Island Concours, Mr Hobbs spoke at length about his long, sometimes less than successful, racing 30-year history of international driving experience at all levels of motor sports, including sports cars, Indy cars, IMSA, Can-Am and Formula 1.Hobbs raced at LeMans for twenty years and won First in Class for both Lotus and Porsche. He raced in many of the greatest sports cars ever built, including the Jaguar E-Type, Lotus Elite, Lola T70, Ferrari 250 LM, Ford GT40, Porsche 917K, Ferrari 512M, McLaren M8D, McLaren M20, Ferrari 365 Daytona, BMW M1, Porsche 935, Porsche 956 and Porsche 962! Mr. Hobbs was very appreciative of all that came his way over the years and as always his talk was very entertaining and was complimented with slide show of many of the cars and people he raced with over the years. The sit down dinner was the best we have ever had at this event and the music very good by the Gin Canaries. I recommend you visit www.simeonemuseum.org to subscrible to their newsletter. If you haven't, I suggest you attend the Spirit of Competition in November 2016!
Pollock Auto Restoration is here to help out through the winter. Maybe it's time to take care of the maintenance, restoration, preservation, and upgrade needs on your car's wish list. Click here to send an e-mail to inquiry@pollockauto.com or call us at 610-323-7108 to schedule an appointment now. Click to see our Works In Progress page on our website for more from behind the scenes. Also, we have several active listings of our client's collector cars looking for new homes. See the current listings on our For Sale page.

Happy Motoring!

Dave & the Staff at Pollock Auto Restoration
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