All;
It brings to mind, insurance?
I don't know about others, but my collector cars are insured against such events and normally at a much reduced price when compared to my daily drivers. Now I am not an insurance salesmen, but, when picking an insurance company you have to look at their lawyer staff. It's not the insurance policy but the people behind the written word. I like to think of an old saying "It's not the dog in the fight, but, the fight in the dog" Are they willing to fight for you when the situation requires it. With tent poles falling from the sky and auction companies not allowing owners to go in and cover their property, this will be a battle that might be a long one.
Getting an appraisal on your car is very necessary. The appraisal should have pictures, descriptions, records of restoration and repairs completed including factory documents specific to your vehicle. Saying that your car is original is really bland.
Pointing to specifics and documenting originality with factory documents brings home your statement of value. Remember, it is to the benefit of the insurance company to total your vehicle saying that it is not worth the cost of repair. This means that the cost of repairs is at least 60% of the value. Is this the stated 100% all original concourse restoration $27500.00 value or $1300.00 barn fresh find? This amount paid at auction can and should be applied to the net worth of your car. This is what the value guides such as N.A.D.A. and Blue Book or Old Cars Price Guide take when placing a value by condition on collector vehicles. Just because you put $20,000.00 into your restoration does not make it worth that amount. So, document, document and keep it all in an organized dated account of what you did.
Just remember the 60%....
Bill
> -----Original Message-----
> From:
> 2cylinderhondas@yahoogroups.com [mailto:2cylinderhondas@yahoogroups.com] > On > Behalf Of > TOM THIES > Sent:
> Saturday, January 23, 2010 10:03
> AM
> To:
> 2cylinderhondas@yahoogroups.com
> Subject:
> Re:
> [2cylinderhondas] collector car auction extravaganza in Scottsdale, > Ariz....
> �
> Yeah was just watching that on the news. ouch!
> > ----- Original Message -----
> > From:
> > powersellerhere@ aol.com
> > To:
> > 2cylinderhondas@ yahoogroups. com
> > Sent:
> > Saturday, January 23, 2010 4:09
> > AM
> > Subject:
> > Re: [2cylinderhondas]
> > collector car auction extravaganza in Scottsdale, Ariz....
> > Ahhhhhhhhh, what a shame, you can't change mother nature, she always > > wins!
> > Barry
> > In a message dated 1/23/2010 9:12:47 A.M. Mid-Atlantic Standard Time,
> > billmyong@earthlink .net
> > writes:
> > > Winds, rain tear through Scottsdale auction venue
> > > January 22, 2010
> > > by Old Cars
> > > Weekly Staff
> > > Heavy winds and matching rain destroyed tents
> > > and devastated one of the main auction venues in the annual collector car > > > auction extravaganza in Scottsdale, Ariz., Thursday night.
> > > Three tents were ripped from the ground at
> > > the Russo & Steele event, leaving several hundred collector cars > > > exposed to the elements and the wreckage during some of the worst weather > > > in the Scottsdale area in recent years.
> > > Remains of one of the tents
> > > wound up strewn across nearby Highway 101, forcing highway crews to > > > temporarily shut down one of the citys main arteries.
> > > No injuries
> > > were reported and most of the audience had already been evacuated by the > > > time the tents collapsed.
> > > No car owners or spectators were being
> > > allowed onto the venue grounds today as police and insurance adjusters > > > combed through the scene and assessed the damage.. One car owner reported > > > that he had been told he and other car owners would not be allowed on the > > > property until 8 p.m. Saturday.
> > > According
> > > Old Cars Weekly
> > > Auction Editor Ron Kowalke, who was at the site, the winds picked up at > > > 6:15 p.m., and the large white tents began pulsing and the lights inside > > > began swinging above bidders. After about 100 > > > cars > > > had crossed the block, an unknown person ran into > > > the tent and contacted Russo & Steele President Drew Alcazar, who > > > immediately ordered everyone inside the main tent to evacuate as a > > > Chevrolet was mid-bid on the block.
> > > The evacuation was very
> > > orderly, reported Kowalke by phone, which probably helped get everyone > > > out of the tent safely.
> > > Once we got out, everybody went out into
> > > the rain. People were trying to get to their cars when suddenly the > > > southern-most tent where they keep most of the > > > cars > > > lifted into the air. When the tent went up, all of > > > the poles supporting it came down on the cars. To make matters worse, the > > > remnants of the shredded tent began slapping on the cars.
> > > The part
> > > of the tent still there, the wind would get underneath it and lift it, > > > then drop it back onto the > > > cars > > > .
> > > Meanwhile, owners could do nothing but
> > > watch the weather abuse their fresh restorations and high-dollar machines > > > as police and fire safety personnel kept the crowds and owners away due to > > > safety concerns.
> > > A Road Runner convertible owner tried to get the
> > > police officers to allow him to his car since it was beneath a pole > > > hanging above, and they almost let him until they decided it would be a > > > safety concern, and then they would have to let everybody else in, > > > Kowalke said.
> > > On some of the convertibles, where the owners left
> > > the tops down, there is nothing covering them anymore and they are filling > > > with water. None of the owners could retrieve their > > > cars > > > or raise the tops to keep the rain out.
> > > The
> > > main tent, where bidding is conducted, remained in position as of Friday > > > morning. To block the continuing winds, several Reliable Transport semi > > > trucks and trailers lined up bumper to bumper to form a barrier to prevent > > > further wind damage from the southern end of the auction > > > compound.
> > > Kowalke noted that the high winds also put
> > > Barrett-Jackson on alert, and it evacuated one of the tents at its venue > > > where cars are staged before they cross the block, and one of the > > > non-essential tents did blow away. Due to the rain, Barrett-Jackson had > > > also been forced to closed part of its lots due to flooding.
> > > I
> > > think they are going to declare a state of emergency, Kowalke said.
> > > There are a lot of flooded streets and they are getting several feet of > > > snow in the mountains and they are not prepared to deal with that > > > here.
> > > One of the marquee cars on the Russo & Steele schedule > > > was a Tucker convertible that had drawn much publicity and scrutiny in the > > > past year. According to car owner Justin Cole of Benchmark Classics, "the > > > Tucker convertible was under one of the tents that was destroyed by high > > > winds... Fortunately, it only sustained minor damage to the left front > > > fender."