No-Reserve Ferrari 250 GT SWB Berlinetta at RM Sotheby’s Monterey

No-Reserve Ferrari 250 GT SWB Berlinetta at RM Sotheby’s Monterey
A 1962 Ferrari 250 GT SWB Berlinetta will cross the block at no reserve during RM Sotheby’s August 15-17 Monterey Auction. 
The car, with Scaglietti coachwork, carries a pre-sale estimate of $8 million to $10 million. The car has Ferrari Classiche certification.

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If you own a collector car that is appreciating in value, be sure you have Agreed Value insurance.

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Boat valuation for insurance Boat valuation for insurance

Why your boat needs a professional written appraisal. There are two basic types of boat insurance—“agreed value” and “actual cash value”, also known as "stated value." How depreciation is handled is what sets them apart. An "agreed value" policy covers the boat based on its value when the policy was written. While it may cost more, there is no depreciation for a total loss of the boat (some partial losses may be depreciated). "Actual cash value" policies may cost less, but factor in depreciation. Simply stated, the policy will only pay up to the actual cash value of the boat at the time it is declared a total or partial loss. Eventually, as your boat ages, your insurer will probably insist on an actual cash value policy, unless you provide a Replacement Value Appraisal

Buying a collector car from a collection, or the whole collection? Buying a collector car from a collection, or the whole collection?

Whether you are buying your first collector car, adding one to you collection, or purchasing the whole collection, we can help with a pre-purchase inspection (PPI) and Fair Market Value appraisal in South Florida.

21k-Mile 1971 Datsun 240Z Series 1 sells on BringATrailer for $310,000 21k-Mile 1971 Datsun 240Z Series 1 sells on BringATrailer for $310,000

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1937 Cord 812 and Its Political History 1937 Cord 812 and Its Political History

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The world’s most expensive car is at the center of a High Court battle between a dealer and an American collector, as a judge must decide who is entitled to the $48 million vehicle’s gearbox. Gregor Fisken, 55, a London classic supercar trader, bought the 1962 Ferrari 250 GTO in October 2017 on the understanding that its missing original gearbox would be sourced. However, when the seller, Bernard Carl, a Washington lawyer, failed to hand over the part, Mr Fisken sued for breach of contract.

What kind of auto insurance is right for you? What kind of auto insurance is right for you?

Daily driver (Stated Value) insurance is well suited for your daily driver car that is depreciating in value, but your custom or restored collector car that is going up in value, needs different (Agreed Value) insurance coverage. Do NOT lump your daily drivers and collector cars on the same policy! In the event of a claim for your collector car, you could be greatly disappointed!

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This one owner from new 1963 Chevrolet Impala was stolen from a car show in California! Reminder that all classic, collector and antique vehicles should have an up-to-date replacement value appraisal for their agreed value insurance policy. For auto appraisals in South Florida call/text: 786-853-0711

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No-Reserve Ferrari 250 GT SWB Berlinetta at RM Sotheby’s Monterey