The Scottsdale and Amelia auctions have piqued your interest in adding to your car collection, but what if you need to sell one of your current cars to make the new acquisition possible? Vintage, classic, and exotic cars which are owned as investments or for use in a trade or business are eligible for tax deferral through a 1031 exchange.
La Jolla is Spanish for “The Jewel,” an apt name for some of the most breathtaking beaches in California and a similarly stand out Concours d’Elegance. A world-class event, this concours offers over 300 pristine and historically valuable vehicles judged by a panel of experts, many of whom have judged at Pebble Beach in the past.
This is the perfect weekend to take advantage of the meek March temperatures and brush up on all things automotive. While there’s a lull in major car events as many are still sleeping off Amelia or gearing up for the New York Auto Show, there are still local opportunities to get that weekly injection of petrol.
The Diablo’s design was more elegant than the Countach, which had become festooned with all manner of body add-ons, including a rear wing that looked like a Boeing 727’s horizontal stabilizer. Like the Countach before it, the Diablo also grew a young fan base and became a poster car in many boys’ bedrooms.
Bonhams Amelia Island auction starts off the famed motor week on Thursday, March 10th, 2016. As always, our team of experts are watching the auction closely to ensure they are well equipped to assist you, should you seek to add any of the cars on offer to your collection. Here are a handful of their picks from the auction.