Special Report

Fakes, frauds and forgeries - illegality in the collector car market

by Andrew Newton
1 September 2023 11 min read

This summer, a spicy story of automotive identity theft broke in Germany. One happy new owner of a $1.74M Mercedes-Benz 300SL went to register his yellow roadster, only to get the kind of news no car enthusiast ever wants to hear. Another 300SL with the same chassis number was already registered. Authorities assert that a fake car was created using the chassis number from the yellow SL, which hadn’t been to market in decades and was presumed lost. The investigation is ongoing, but noted restorer Kienle Automobiltechnik was searched a few months ago and investigators reportedly started looking for evidence of other duplicates in the shop’s past. Regardless of where the blame for the counterfeit SL lands, it highlights a rare but cautionary scenario that’s hardly the first one in the collector car world.

Colloquially, we refer to our huge (but sometimes surprisingly small) world of collector cars as “the hobby.” Fair enough. It is our hobby. Driven by that powerful cocktail of passion and nostalgia, enjoying automobiles is how many of us make friends and spend our free time. It’s fun, and it’s supposed to be.

But let’s face it, “the hobby” isn’t the same thing as beer league baseball or knitting. There’s a lot of money involved in classic cars, not just in the values of our vehicles but in the industries built around selling them, restoring them, servicing them, financing them, insuring them, even celebrating them via massive, expensive events. Hagerty’s Automotive Intelligence team estimates that there are 45 million collector vehicles in the United States worth roughly $1 trillion, and in 2022 collector car auctions in North America alone totaled $3.48 billion.

As with any large, lucrative industry, collector cars are susceptible to questionable behavior, from shady to straight-up criminal, from minor fibs to full-blown fraud. Given the collector car market’s own complexities, and since most of a vehicle’s value boils down to two things—appearance and history (verified by documentation and occasionally forensic examination)—our precious rides can be particularly susceptible to fakery and even fraud. Things like missing chassis numbers are what Hagerty Price Guide publisher Dave Kinney calls “fertile ground for the criminal mind.”

It looks exactly like a Ferrari that just sold for $30M, but this is actually just an honest replica worth less than a tenth of that | Mecum

Think about it. A car can look like a million bucks (literally), but if it’s really a well-executed fake with phony paperwork or just a replica, it’s only worth a fraction of that.

While the shadiest stuff is rare, it’s still common enough that some insurance providers have specialized groups to investigate questionable and suspicious claims, and legal disputes are common enough that there are attorneys specializing in cases that involve collector cars.

Bryan Shook runs the aptly named Vintage Car Law in Pennsylvania, though his work takes him across the country. Many of the cases he sees don’t necessarily involve fraud, which requires a representer’s knowledge of falsity and has a high burden of proof. Instead, cases involving cars that aren’t actually what they seem are more common. “When I started in 2005–06,” says Shook, “we were seeing misrepresentations, with a big emphasis on muscle cars with particular option packages. People were passing off clones, like a base-model Pontiac made into a GTO, sometimes even with convincing paperwork and restamped motors.” Those practices aren’t as common today, but “some of those cars have been passed around and sold so many times as real when they’re actually ancient fakes. They can go through multiple sellers without anybody knowing it’s a fake, so there’s identity issues with them today.” Often, an “ancient fake” muscle car won’t be revealed until it’s restored, when things like trim holes from a lesser model or cuts in the body with numbers transferred to it reveal themselves.

“There are restorers who will tell you when they find a problem like that, and there are restorers who won’t tell you, who just want their client’s money. And if they don’t say anything, are they complicit? My answer is yes,” says Shook.

In addition to fakes and clones passed off as the real thing, there’s the issue of cars—and particularly race cars—where two vehicles can claim the same identity. An old joke goes something like: “15 were built, of which just 25 are known to exist.” There are also cases where one car can be changed so much over time that there are questions of its authenticity, à la the Ship of Theseus paradox.

Two cars used to claim Chassis number XKD530 | Patrick Ernzen/RM Sotheby’s

A Jaguar D-Type, chassis XKD530, had an active and interesting life racing not just on the road but also on ice and sand in Finland, and even the USSR. Years later, after the car had been damaged, one car had been built up around the original front subrame and bodywork, while a second car had been built up around the original monocoque and powertrain. With both cars claiming to be XKD530, the only real solution other than a legal dispute was for one person to buy both cars and restore them back into one, which is what happened in the early 2000s. Eventually, the car sold post-block at Amelia Island in 2015 for $3.675M. For comparison, in spring 2015, a no-stories D-Type in #2 (excellent) condition was valued at $5M.

Not all such stories have that kind of happy ending, though. A Ferrari 250 Testarossa, chassis 0720 TR, burned up in 1965 when lightning struck the Missouri barn that was storing it. The frame was saved but later discarded in a ravine and eventually sold to an English collector who had an entire car built up around it. Then a second Testarossa frame turned up in Italy claiming the same chassis number. It, too, was faithfully built up into a fully-functioning 250 TR and consigned to a Swiss auction in 2001. Before it crossed the block, however, it was slapped with an injunction and pulled from the auction. The result is that the chassis from the ravine is the only one with real claim to be chassis 0720 TR. The other is, in effect, a replica.

Consider also the case of the 1929 Bentley “Old Number One.” It has a spectacular racing history, including overall victory at Le Mans in 1929 and 1930, but it also evolved continuously throughout its racing career, was extensively rebuilt multiple times, and was even involved in a fatal crash in 1933. But it does have a continuous, well-documented history. In 1990, it became the subject of a case in front of the Royal Courts of Justice. The car’s owner had agreed to sell it to a company in exchange for a combination of assets and cash valued at £10M, but the would-be buyer withdrew from the sale after doubting the car’s authenticity. The result of the case was that the car is deemed the “direct descendant” of Old Number One and that no other car can claim its identity.

1966 Shelby Mustang GT350 documentation
Bring a Trailer

More common and more nefarious than these edge cases of historic cars is tinkering with paperwork and VINs. This is especially problematic if a VIN is “portable,” as Shook calls it. “On some early cars, a VIN can be just two Phillips head screws attaching it to the body. My 9-year-old son could have that off in three minutes.” Or, on some other cars “the VIN comes right off with the dash pad, so think about how easily that can be moved to another car.”

Shook also says he regularly comes across private Facebook groups advertising “tin” and “paper,” referring to VIN plates and titles. “There are fraudulent, fake titles being sold on the internet every day.” There are innocent reasons why one might not have a VIN or title and need both, like an old abandoned truck sitting outside or an inherited vehicle that has no documents, but “when there are entities out there just wholesale providing these services without checking on anything, they’re contributing to or perhaps aiding and abetting fraud,” Shook says.

Porsche AG

Meanwhile, bigger and higher-profile cases of genuine wrongdoing are rarer, but people have been caught over the years, sometimes to sensational headlines.

In a case from Germany in 2020, the public prosecutor’s office of Aachen brought charges against three men, including a well-known restorer and former Porsche employee, for fraud involving building up Porsche race cars from the ’60s using spare chassis and parts, forging paperwork and race histories, and selling them—in a few cases for millions of euros. The main defendant in the case was alleged to have faked more than 30 Porsches.

Of course, there are also just good-old-fashioned scams, where two parties agree to a sale, the buyer pays for a product, and the seller simply takes off with the money because there was no actual product to begin with. Internet-based transactions, particularly in the last decade, have facilitated this activity. From 2016 to 2018, for example, a group of fraudsters from Eastern Europe and Central Asia duped enthusiasts out of more than $4M. They created convincing ads online for classic cars they didn’t really have and directed would-be buyers to wire money to a transport company that was actually their own fake shell company. A total of 25 defendants in the Southern District of New York case were charged with conspiracy to commit wire fraud and conspiracy to commit money laundering.

This isn’t a totally isolated case. More recent scams seen by Hagerty’s Special Investigations Unit team include websites that swipe photos from popular online auction listings, digitally manipulate ones showing the VIN to alter it by a digit or two, and then try to pass the whole thing off as a genuine vehicle listed for sale to lure buyers who may not be doing their homework.

Along with good-old-fashioned scams, there’s good-old-fashioned insurance fraud. Remember Andy House? Back in 2009, in the early days of camera phones, the Texas salvage yard owner was famously caught on video driving a Bugatti Veyron straight into a Gulf Coast lagoon, leaving the engine running and claiming he was distracted by a (nonexistent) low-flying pelican, before having his $2.2M insurance claim denied. He wound up serving over a year in prison for the act.

Maybe the most famous case of collector car insurance fraud, however, comes not from a Lone Star auto parts jockey but English nobility. Charles Ronald George Nall-Cain, aka the third Baron Brocket aka “Brocket the Rocket,” had by the end of the 1980s amassed a collection of a few dozen blue chip classics through a bank loan, and was pulling in revenue by using his ancestral home of Brocket Hall as a conference venue and golf course. But when the early 1990s recession hit, the classic car boom turned into a bust and the big wigs weren’t booking Brocket Hall like they used to.

Courier and Advertiser

Then, in 1991, three of Lord Brocket’s classic Ferraris and his Maserati Birdcage, which were all insured for more than they were worth after the downturn, were reported stolen. The circumstances were suspicious, but nobody found any evidence of wrongdoing. Until 1995, that is, when his estranged wife was being questioned by police about a suspected forged prescription and spilled the beans on her husband’s insurance fraud. The Italian classics had not, in fact, been stolen. Instead, Lord Brocket and his mechanic had destroyed the bodywork while dismantling the rest of the cars and shuffling off the parts to a west London storage unit in hopes of rebuilding them one day. Lord Brocket was sentenced to five years in prison, but in the end served less than half that.

There are also cases of trying to get a loan against valuable assets, like cars, that people do not own. Ricky Prince, owner and operator of North Texas Muscle Cars, Inc. padded his financial statements to secure credit with cars he didn’t actually own, including a 1963 Corvette, a ’74 DeTomaso Pantera, a ’67 Chevelle, and a ’38 Ford hot rod. In 2012, he pleaded guilty to bank fraud and money laundering, was sentenced to 36 months in prison, and ordered to pay restitution of $1.46M.

Illegal activity has even gone on in a big-name auction house. Founded in 1919 as an antiques dealer, Coys became a leader in the collector car auction space during the 1980s. In 2004, however, after a buyout Coys of Kensington Automobiles Ltd. (as it was then known) went into administration, and a new company emerged with the same name and address. A long list of legal disputes and complaints followed, until Coys went into administration again in 2020, with 95 creditors owed nearly £6M. Many of their stories are detailed in this great piece on PreWarCar. Coys was allegedly paying previous sellers from previous auctions with money from the next ones—the basic recipe of a Ponzi scheme. There were also legal claims of sales without authorization and sales of vehicles at lower prices than a consignor had stipulated.

One such story involves a collector selling his Lamborghini Miura via Coys, never receiving his money, and instead being asked a year later if he would instead accept a Porsche 959 as compensation for the payment. He took Coys up on the offer since it was better than nothing, but the 959 was seized by German police because Coys didn’t actually own the car. His legal complaints eventually led to the German police showing up to Coys’ Techno Classica auction, slapping handcuffs on company director Chris Routledge, and marching him away from the rostrum. In 2020, a new entity was founded that, for some reason, uses the same name (Coys of London Automobiles Ltd.) and showroom.

Two lawsuits involving comedian Jerry Seinfeld focused on this rare Porsche | Gooding & Co.

Even household names can get screwed in this business. Jerry Seinfeld, arguably the second-most famous car-guy comedian, is a known Porsche fanatic, but even he wasn’t immune from getting burned on an allegedly fake P-car. In 2016, a 356A GS/GT Carrera Speedster he consigned to auction sold for $1.54M, reportedly after buying the car four years earlier for $1.2M. The firm that bought the car from Seinfeld then sued the comedian in 2019, claiming that the Speedster was not an authentic GS/GT. In a legal tit-for-tat, Seinfeld turned around and sued the dealer he had bought the car from “to hold European Collectibles [the original dealer] accountable for its own certification of authenticity, and to allow the court to determine the just outcome,” according to Seinfeld’s attorney. In the end, both cases were settled, although precise terms of the settlement are not known.

Shlomi Pinto/Getty Images

The most recent case of celebrity-owned car fraud to make the mainstream news involves singer Adam Levine. According to a federal suit in California, he traded a 1968 Ferrari 365 GTC and a 1972 Ferrari 365 GTC/4 plus $100,000 to dealer Rick Cole (who was actually the first to auction collector cars in Monterey) in exchange for what was supposed to be a 1971 Maserati Ghibli 4.9 Spyder. Levine later learned that another car with the same VIN resides in a collection in Switzerland. Levine’s car certainly looked like a genuine 4.9 Spyder, one of 25 such cars built, but the suit claimed that numbers stamped on the chassis and engine appear incorrect and that Cole had fake documentation on the car, knew that the car wasn’t a genuine 4.9 Spyder (it is likely either an original Spyder fitted with the 4.9-liter engine from a different car or a Ghibli coupe converted into a Spyder). According to the case cited in the Los Angeles Times, he even tried to discourage Levine from selling the car on for fear he would learn the truth about its authenticity.  


Finally, there’s also straight-up theft. We all have that friend who can smooth-talk their way into big favors or private events, but what about someone who can talk their way into stealing three Ferraris? Enter Tom Baker, JetBlue pilot by day, supercar thief on his days off. His first adventure into car-swiping was convincing a Ferrari dealer to let him take a 328 GTS for a test drive, but he took off with the car and never returned. Next, he charmed his way into a Testarossa from a Long Island dealer using the same tactics. Then, he walked into a dealership in Philadelphia, claiming to be a California tech CEO just flying in to see the F50 they had for sale.

At the end of that test drive, when the salesman got out of the car to switch places and drive back to the dealer, Baker stayed right in the driver’s seat and stomped on the gas, the one-of-349 Ferrari’s 513-horsepower V-12 singing off into the distance. A few years later in 2008, an ER doctor had bought the F50 from Baker, and only learned he had just bought a stolen car after contacting Ferrari regarding the car’s VIN. Baker wound up turning himself in and was sentenced to eight months in prison. The FBI impounded the F50, only for an agent and a DOJ attorney to crash it into a tree and total it while transferring it into storage.

A real 1968 L88 Corvette | Mecum

These are all high-profile stories, but a less well-publicized case that nevertheless established what Shook calls “very significant precedent”—Adams v. Brenton in 2018. Wes Brenton had advertised a 1968 L88 Corvette (one of 80 built) for sale, and Cory Adams bought it for $245,000, intending to have it professionally restored. When he called Corvette specialist Kevin Mackay to inquire about restoration, Mackay informed him that several months prior, he had told the seller that the car was not a genuine L88. Called as an expert witness, Mackay also testified that, in its current state, the car was actually worth about $10,000. Adams sued and won, with the court adjudging Brenton liable for compensatory damages of $235,000 plus interest and attorney’s fees of $40,835.35. Because of that case, “if an expert looks at a car you’re selling and tells you something negative about it that’s substantial, like that it’s fake, you have to disclose that to a potential buyer even if you disagree with that,” according to Shook.  

Everybody’s first piece of advice when shopping for a classic car is “do your research—do all of your homework.” These stories make it abundantly clear why people say that. It can be the difference between spotting a fake and buying one. There are bad actors out there as well as genuine misunderstandings, and both can burn you. Taking the extra steps to validate and verify (which admittedly can be both expensive and time consuming), or consulting a helpful expert are not things that anybody ever regrets.


  • Howard C Schutter says:

    The picture of the “real” white 1968 L-88 Corvette is a 69, not a 68.

  • Chris Boone says:

    Speaking of sellers with a complete lack of honesty, I won an auction on Bring A Trailer for a 2001 BMW 530i Sport with 63K. The pictures and description depicted a perfect garage queen and the comments from the seller left a strong impression of a car well taken care of. I bid well above the going price for a 530i. When I picked up the car it was covered with defects. The seller (turned out to be a SoCal dealer) completely mis-represented this car. I was completely at fault for not have a pre-bid inspection and regret being “sucked in” by all the “happy talk” on BAT.
    I tried to warn future buyers on BAT of my experience with this dealer but my comments were immediately taken down by BAT.
    Let this be a warning to future bidders to do your homework before bidding. There’s likely a lot of misrepresented cars being auctioned on all the websites!

    • brakeservo says:

      I have heard of several instances of a Bringatrailer.com auction unwinding because of misrepresentation but BAT simply reruns the car and blames the failed original sale on the buyer for failing to follow through.

    • Josh B says:

      All of my comments on BaT have to be approved by the mods because I have called so many people out on their nonsense. Only like 25% of my comments get posted. That site is trash and has ruined the used car market.

      • Aaron Addington says:

        Dan Wheeler’s comment hits the nail on the head. Certainly true with most dealers! Some individuals may be above the shenanigans, but doing your due diligence along with in person verification is your best shot at avoiding the problem sellers either way.

        Case in point – a Wisconsin based dealer recently listed a very clean looking low mileage 2003 Acura on BAT. The notoriously unreliable Carfax showed only 2 service records for a one owner California car. There was no posted evidence of long overdue maintenance services by time – including the timing belt, coolant or brake system fluid exchanges, automatic transmission fluid service, ETC. The listing also showed that two of the tires are 2002 date coded implying possibly OE! I questioned the claims of a well maintained vehicle and I asked the seller to post the results of a scan. This was ignored. Who knows how long this car may have sat since it showed about 18,000 miles with the two old tires? Instead, a video of the car being accelerated to an indicated 100 mph, or perhaps a bit over, crossing double yellow lines on a public highway no less – was offered as “proof” of the transmission, and indeed the whole car being “well maintained”. I had more questions which went unanswered. I questioned the sanity of the vehicle being driven at such speeds on a public highway with 21 year old tires. The dealer’s reply questioned my “attitude” with a projection laden response that most definitely had attitude. He also wanted me to communicate via the private message function instead of through the public forum. That reply confirmed for me that this dealer is one that I would never buy from and I told him so. My comment was flagged, which ironically may cause more to read it as it is highlighted in yellow. The car failed to meet the reserve.

        It certainly seems that what was a great idea by and for enthusiasts has become far more corporate with the emphasis on profits instead of protection. Not really a surprise but sad for sure.

  • Brad Schroeder says:

    As a Mopar collector I’m getting to a point where I actually think non numbers matching cars are preferable to numbers matching.
    One letter of Mopar muscle cars’ VINs designates the engine, so in a hemi cuda with a VIN that starts with BS23R0B, the R is for 426 hemi. Unless the VIN was swapped from a scrapped car, or faked, which has happened, pretty good chance the car can be verified to be real.
    GMs of the era weren’t so easy to verify as the engine size wasn’t specified in the VIN. A numbers matching LS6 454 engine in a Chevelle might be the best clue that it was born a real LS6 SS.
    So many blocks have been restamped by now, at least I can be confident my non numbers matching Mopars have no surprises to be found.
    Sadly most collectors feel differently, and NOM cars are harder to sell.
    Otherwise it doesn’t effect their drivability at all. I’ve often seen people at car shows looking at my VIN or the fender tag, but never have I ever found anyone trying to crawl under my car at a show to see the numbers stamped on the block!

    • George E. Giese says:

      Talking of restamped numbers, at least in the 1950s the Rolls-Royce factory service facility would restamp a rebuilt engine to match the one removed from the car. When the manufacturer does it, it is fraud.

  • Gary Bechtold says:

    Some of these fraud stories just blow my mind how brazen people can be and feel they would never get caught.

  • Dan Wheeler says:

    Thank you for this. Well done. I have found that no matter who you are buying from – no matter how high end – they are all used car dealers. Some are just better than others. Trust no one, inspect every car personally if you can, and physically verify the numbers. Don’t trust the documents. So often the numbers on the car don’t match the numbers on the documents.

  • paul s murray says:

    Check out the Brewster Chair that’s in the Henry Ford Museum. Armand La Montagne reportedly tied it to dock and let it get a bit of a beating for some weeks. Sometimes known forgeries become good investments because of the ingenuity and skill it took to create them and dupe the experts. A bit of craft that may be worthy applause , like a hand drawn counterfeit bill.

  • Frank says:

    One very common issue is when owners or restoration shops remove the VIN plate to repaint the car, then reinstall it. That instantly destroys the chain of authenticity of the car. There is now no way for a dept of motor vehicles to know if that VIN plate goes with that vehicle, so no way to register it, issue a title or know if the VIN plate has been switched from another vehicle. I have had a friend where I live had the dept of motor vehicles refuse to register his car or issue a title because of this. The last collector car I registered with the same DMV inconspicuously pried up the edge of the VIN plate with a pocketknife to check the color underneath to see if the plate had been removed.

  • Flatop says:

    I have had two dealings with European Collectables. They were dishonest and misleading in both. Don’t go there.

  • Dennis says:

    You left out one Carrol Shelby, AKA Snake Oil salesman extrodinnar! He claimed he had some unissued Vin plates and some never used frames, put together some cars and sold them for big money. Only problem, AC never sent only frames out of their Thames Ditton plant, all Cobras came complete minus engine and transmission! Plus, they had no unused CSX, COB or COX numbers! Lot of law suits there.

  • Joe Thaler says:

    Over compensation High School nerds and dips—ts get burned again. You’re paying a ton for a lump of metal, spend a couple of grand to get a full pre inspection.

  • Joe Thaler says:

    “A fool and his money will soon be parted.”

  • GRP4SGT says:

    I’ve purchased several Ferraris, Mercedes, etc., without seeing them in person or doing a PPI and only had one bad purchase. One could say I rely on my senses and accumulated knowledge. I get a feeling about the deal and know if it’s good or not so good. BTW, the one bad purchase happened when I relied on a car buddy to “have a look see” and let me know his thoughts. He thought it was great. It was not. Oh well. DISCLAIMER: If I was buying an investment grade vehicle, I would kick my senses to the curb and do an annoyingly thorough pre-purchase investigation.

  • Joseph B says:

    Weren’t some of the 427 really 428s?

  • Joseph B says:

    It happens in the motorcycle world too.
    There were some bikes that came from two brothers in Argentina ?
    Parillas and Vincents. Rumored to have things like wooden pistons to appear to have compression.
    A guy I knew was taken; He bought a Vincent Rapaide. The pin striping on the wheels was done in tape and the headlight glass was a piece of shower glass.

    The second case around 1987 was a strange bike that was offered for sale to a bunch of people, a kamasutra vrx 250. Free, just pay shipping. Something like $2000 shipping. What you got was a 39 cc moped.

  • Steve Sunshine says:

    Many aftermarket parts houses sell black ID plates that in my opinion should be stopped. Many restoration shops will re-stamp the new tag for vanity purposes. This should be illegal. The original vin plate is a cars birth certificate and should never be changed regardless of condition. Then you have those that use them for completely fake cars.

  • Steve Sunshine says:

    Blank not black

  • Craig Joplin says:

    BaT buyer advice. Look for cars with professional photography service through BaT. I sell my cars on BaT this way. They send a 3rd party photographer that takes like 500 pic of high resolution from all angles and extreme close ups of every square inch. Then BaT selects 200 + for which the seller has no control over. For examples search my user name on BaT. (craigjoplin)

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