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are not there yet, in selling their cars,

but they are almost there and they are

looking at their options. The longer

they have had the car the more diffi-

cult it is to sell it.

SCUDDER: I am in fairly constant

conversation with about four people,

right now, on that very issue. They call

and we talk and philosophize, and

they ask what do you think – are the

cars going to go up or just holding

their value? I keep saying that my

crystal ball is no better than theirs. I

don’t know. I can’t tell anyone any-

thing about what the market is going

to do but obviously it is doing well

right now.

SAAC: We get the feeling that some

people are sitting on the fence, holding

their breath and waiting to see if the

market is going to drop. Not like an

anvil off a cliff, but they are watching

for the beginnings of it. It’s like a

school of fish; when one turns they all

turn. Nobody wants to be the first one

to sell their car if the prices keep going

up, but neither do they want to be the

last one when suddenly there are

three dozen cars on the market. It’s all

a matter of timing.

SCUDDER: I can remember talking

to a fellow about five years ago who

called and he said, “

I am thinking of

retiring and selling my Cobra and I

got an offer of X on it.

” I said, “

If that’s

going to fund your retirement I sug-

gest that you hang onto your car for

another six months because the prices

on these cars are almost on a straight

line going up. At every auction they

were going up another ten percent.

He decided to accept the offer and he

regrets it to this day. He is very upset

about it. If he would have hung onto

the car another two years he would

have doubled his money.

SAAC: Hindsight is always a wonder-

ful thing. But you do what you do and

you can’t undo it. And it isn’t very use-

ful to follow the market after that. It’s

like someone who buys something – it

doesn’t matter if it’s a car or a kitchen

appliance or a television – they make

the purchase and then they keep shop-

ping, looking to see if they could have

paid less. At that point it’s just not

very helpful.

SCUDDER: I have my own story like

that. We probably all do. Back in 2004

I was told I had an aortic aneurism

and had open heart surgery, and a me-

chanical aortic valve was installed.

You don’t know what the future holds.

I had two kids in college and a guy

called out of the blue and said he was

in San Diego and wanted to see my

car. I said he was welcome to come and

see it, and he did. He called me about

a week later and said, “

I’d like to offer

you “X” for that car.

” I said it wasn’t

for sale. He said that if it ever was, he

had the cash and it was a very good

offer. I started thinking about my

health and the kids in college and I

asked myself what was more impor-

tant than taking care of business and

being a responsible dad. So I told him

that I would sell the car. In a few years

it had doubled in price. And I looked

back and I said, “


” but I made the

decision at the time and I’m ok with it.

I took about half of the money and in-

vested it in another car that I love and

I’m as happy as can be. My old S/C was

sort of a “Hey – look at me” car and I

knew that I would probably sell it at

some point. I reached that point where

I decided that I would really enjoy

something that is a little less flamboy-

ant. I bought an AC289 and I’m as

happy as a clam about how it worked

out. I have no complaints.

SAAC: You said something about not

having a crystal ball and not knowing

where these prices are going. Do you

feel like just a spectator on the side-


SCUDDER: Not really. The cars are

bona fide collectibles; really desirable

cars. But I think that there is a certain

group of people to whom these cars re-

ally appeal. To whom they really are

million-dollar-plus cars. I’m not sure

as time goes by, if these cars are going

to be million-dollar-plus cars for later

generations, in view of the fact that

you can get cars that will outperform

them for a whole lot less, maybe the

cars that these kids grew up with in

their youth. And they might be just as

desirable to them.

SAAC: Have you ever heard the term

“bedroom poster car”? It’s a car that a

young kid would have on his wall as

he is growing up. And when he gets to


Fall 2015 337

Ned Scudder’s current ride is COX6111, a coil spring chassis powered by a 289 engine

originally built for sale in Europe. Having the car has freed Scudder from the concours

straight jacket: it has aluminum Trigo wheels, an S/C fuel filler and a roll bar.