26 January 2012

The Barn-Find Mystique: Hagerty's top five forgotten treasures

Barn find stories — those tales of long-forgotten automotive treasures discovered tucked away in original condition and obtained at bargain prices — have long excited anyone who has four-wheeled dreams. The mystique of the unknown and the thrill of discovery are an intoxicating combination. Here are five of our favorites.

Portuguese Barn Find

You may have heard a version of this story a couple of years ago that went like this: An American couple bought a house in Portuguese wine country. On the property was a large, locked building. Upon entering the building, the couple discovered hundreds of classic cars in varying states of repair. German journalist Wolfgang Blaube set out to learn more about the legend. He travelled to Portugal in 2009 with his camera, and here's the real story: There was in fact a large building filled with hundreds of classic cars, but the owner was a Portuguese collector who had amassed his collection in the 1970s after the Carnation Revolution. Many Portuguese collectors were stashing their cars in Spain, or letting them go for bargain prices. In a labor of love for old cars, Antonio Ferreira de Almeida seized every opportunity offered — cars from every manufacturer, every country and year made, and in every condition. By the end of the 1970s and before he was 30 years old, António owned some 100 cars, and by the mid-1980s he had more than 300. When his buying binge ebbed around 1996, almost 400 old cars were in his possession, around a quarter of those in good or excellent condition.

Jay Leno’s 1931 Duesenberg Model J

Rumors led television personality and noted car collector Jay Leno to a 1931 Duesenberg Model J, which had become something of an urban legend among car enthusiasts. The sedan — the only Model J with a town car body by F.R. Wood and Sons of New York — was built for a department store owner, who locked it away in a parking garage off Park Avenue in New York City in 1931, possibly in fear of seeming a bit too flamboyant for the times. The owner’s son removed it briefly in the 1950s to get it running again, then returned it to the garage, where it fell into disrepair. When Leno learned the car would be available for sale, he purchased it and turned it over to Duesenberg expert Randy Ema, who completed a comprehensive restoration. 

Bugatti Type 57S Atalante Coupe

Only 17 examples of the Type 57S Atalante were built by Bugatti, so it’s not surprising that an Atalante barn find was sold by Bonhams for $4.4 million in 2009. Originally purchased by Earl Howe, the president of the British Racing Drivers Club, the car was finished in Howe’s racing colors of blue and black, upholstered in pig skin, and equipped with twin headlights and a split front bumper. The car changed hands several times before being purchased in 1955 by Dr. Harold Carr of Newcastle, England. Carr allegedly consigned the Bugatti to his garage in the early 1960s and it was only discovered in 2007 after his death.

Aston Martin DB4 Convertible

A rare Aston Martin DB4 convertible — one of only 70 produced — was unearthed in the UK and garnered £309,500 (approximately $485,000) at auction, including buyer’s premium. DB4C/1104R was never listed in the AMOC Register, and the seller purchased it in 1978 from its original owner, who was a professor at Oxford University. His college parking pass, granting him permission to park in the President's drive, was still attached to the windshield. The car was placed in dry storage in 1979 when the odometer registered only 60,000 miles. The original engine was gone, but the unit that came with the car was a factory replacement, which was installed in the late 1970s.

1952 Ferrari 340 America

Only twenty-five 340 Americas were built by Ferrari, so happening upon one in a barn is about 100 times less likely than winning the Mega Millions jackpot. One California collector beat those odds. In a 2006 eBay auction, Tom Shaughnessy placed the winning bid of $26,912 for a car touted by an Illinois seller as a 1950s Devin Sports Spider with a fiberglass body. Underneath the fiberglass was a genuine 1952 Ferrari chassis numbered 0202 A. The car was raced at the 24 Hours of Le Mans in 1952 by Maurice Trintignant and Louis Rosier, then was lent by the factory to Piero Scotti, who competed with it in hill climbs during 1953. Luigi Chinetti brought the car to the U.S, and it was owned in the late 1950s by Paul Owens, who installed a Chevy V-8 engine. The Devin Spider fiberglass body was installed after a crash. Chassis 0202 A was titled in Salt Lake City, Utah, in 1963, after which it vanished until 2006. A complete Ferrari 340 America would likely net several million dollars at auction, which means Shaughnessy is just about the luckiest man alive.

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