@passersby: My father is still waiting for them to find his '72 Beetle stolen in '73. I think there must be ten of thousands of stolen Beetle stories. #vwbus
So who loses the money? The restorer or the Dutch buyer? (it's hard to type "Dutch buyer" without slipping in a joke about hashish, hookers or blood diamonds) #vwbus
Original owner was paid $2500 on a 10-year-old bus. Okay, not bad when you consider depreciation. We don't know what kind of shape it was in when stolen, but probably not fabulous - it was stolen from a repair shop after all. But dang - the restorer is getting it in the shorts. It sucks that he's getting screwed mightily on a vehicle that's been twisting in the wind since the 70s. You'd think they'd have caught up to it by now - I mean, c'mon. How many times has it been registered? How many times has it been sold? If it hadn't been for the brighter spotlight of getting tagged by DHS, Allstate might never have heard about it, and still wouldn't care.
Allstate has the opportunity to make an absolute PR bonanza out of this, but I'm betting they're going to go for the money instead. #vwbus
@Elhigh: You know, I only have so much sympathy for the owners here; the VIN should have been checked when it was purchased, just like with any car purchase. It's not hard, it's not expensive. #vwbus
@snapoversteer 'bout to get told: No, he won't. The owner of record was obligated to do the due diligence part of the property's provenance, and he, like Allstate, failed to do all the discoveries. This is a sad example of a chain of overlooked recordkeeping. I bet this thing could've been found a long time ago.
I mean, they are able to determine now, 35 years after the fact, that it's the vehicle that got stolen from thus-and-such and Allstate paid out on it. So we know there's a record trail on this thing that is still cohesive from one end to the other. But nobody's antenna has gone up in all the time since then? Nobody's?
The current owner is responsible for the soundness of the title, but if the report he gets back doesn't have any flags - or he doesn't do a title search - it's still assumed that he's made the necessary investigations. It's a risk you take, placing faith in the previous owner that the provenance is legit. Allstate is getting a helluva deal on this, and has a lot of room to generate some warm fuzzies. #vwbus
@Elhigh: Understood that he wouldn't have a claim for the van itself against Allstate; Allstate gets that back, since they have the superior title. But why wouldn't he have something in the nature of a tort claim of unjust enrichment against Allstate? After all, we are not talking about natural appreciation in the value of the asset--we are talking about parts, materials and labor that were added to the asset to increase it's market value.
EDIT: I confess to a huge amount of ignorance as to how these systems interconnect, as well, but is it necessarily the case that a VIN that had been reported stolen and was still in police databases would have been flagged...where? At the DMV? How does one even go about validating a VIN? Is there a national-level database that used-car purchasers can search? I mean, there's clearly one that ICE has access to, but is it publicly available/interconnected with all state systems?
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Edited by FormerlyPreferredCustomer at 11/06/09 12:17 PM
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@FormerlyPreferredCustomer: You think you're ignorant? Hell, I'm making guesses based on logic and a thin smattering of experience. Your statement regarding unjust enrichment has value - he's probably got a real leg to stand on there. Simply compare the stated value of $25,000 vs. the expected value of an unrestored 1965 T1 and I reckon he could be in for a check. That's an angle I hadn't considered, just the fact of ownership. #vwbus
Maybe next the DHS can track down all those socks I've lost over the years in the dryers at laundromats?
Just saw a great Dutch movie, 'Eldorado', about a guy who imports big American iron to Yurp, and a road trip he makes. If you can handle a brief, gratuitous full frontal old Alain Delon... #vwbus
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Edited by Peugeot--Making Bicycles Once Again at 11/06/09 11:10 AM
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@snapoversteer 'bout to get told: vintage VWs in Europe rust out even worse than the ones here. Plus, US spec is rare there, ergo in demand.
What sells for $10K here is worth half again as much there. #vwbus
@snapoversteer 'bout to get told: VW Busses are much cheaper to buy in the US. They're rarer in europe due to rust etc. I know a couple of people who have inported them to the UK (from California)as even with the expense of shipping it still works out cheaper. #vwbus
You obviously have never seen the British Car Show Wheeler Dealers where some fat f*** named Mike Brewer buys up near-classic cars and hands it over the Edd China to fix and restore to sell on for a crackin' profit.
In the VW Bus episode, before he was forced to get a 80's VW Van and turn it into a campervan, he lamented at the fact that unrestored rustbucket examples easily tipped the meter at 4,000 pounds. #vwbus
@cesariojpn: I think you've described the show to a T! Haha, I enjoy it but sometimes I just want to yell at that Mike guy to shut the F*** up and stop screwin with the cars! #vwbus
I was going to blame the Dutch as soon as I saw the picture. And wouldn't you know, it was actually headed for Holland. Damn you clog wearing, ample disposable income having, car enthusiasts! #vwbus
Heheh... I just pulled up the site to post this in 'tips'. I was gonna go with "Story of a vehicle stolen 35 years ago has a happy ending" or something similar.
I'd like to know when that auction takes place. VW Buses aren't my favorite, but that is a sweet lookin' ride. #vwbus
Yup, people get all pissy about how what they are doing is the only useful thing in the world. Real artists see the effort and the inspiration everywhere.
The worst is the opinion that anything which has a useful, real world function can't be art.
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Original owner was paid $2500 on a 10-year-old bus. Okay, not bad when you consider depreciation. We don't know what kind of shape it was in when stolen, but probably not fabulous - it was stolen from a repair shop after all. But dang - the restorer is getting it in the shorts. It sucks that he's getting screwed mightily on a vehicle that's been twisting in the wind since the 70s. You'd think they'd have caught up to it by now - I mean, c'mon. How many times has it been registered? How many times has it been sold? If it hadn't been for the brighter spotlight of getting tagged by DHS, Allstate might never have heard about it, and still wouldn't care.
Allstate has the opportunity to make an absolute PR bonanza out of this, but I'm betting they're going to go for the money instead. #vwbus
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I mean, they are able to determine now, 35 years after the fact, that it's the vehicle that got stolen from thus-and-such and Allstate paid out on it. So we know there's a record trail on this thing that is still cohesive from one end to the other. But nobody's antenna has gone up in all the time since then? Nobody's?
The current owner is responsible for the soundness of the title, but if the report he gets back doesn't have any flags - or he doesn't do a title search - it's still assumed that he's made the necessary investigations. It's a risk you take, placing faith in the previous owner that the provenance is legit. Allstate is getting a helluva deal on this, and has a lot of room to generate some warm fuzzies. #vwbus
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EDIT: I confess to a huge amount of ignorance as to how these systems interconnect, as well, but is it necessarily the case that a VIN that had been reported stolen and was still in police databases would have been flagged...where? At the DMV? How does one even go about validating a VIN? Is there a national-level database that used-car purchasers can search? I mean, there's clearly one that ICE has access to, but is it publicly available/interconnected with all state systems?
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The VIN was only introduced in 1981. #vwbus
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Lookit that! For the past at least 15 years, you've been able to see moon surface-style orange peel at this distance...OEM, no less.
I know it's restored, but still. #vwbus
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Just saw a great Dutch movie, 'Eldorado', about a guy who imports big American iron to Yurp, and a road trip he makes. If you can handle a brief, gratuitous full frontal old Alain Delon... #vwbus
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What sells for $10K here is worth half again as much there. #vwbus
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You obviously have never seen the British Car Show Wheeler Dealers where some fat f*** named Mike Brewer buys up near-classic cars and hands it over the Edd China to fix and restore to sell on for a crackin' profit.
In the VW Bus episode, before he was forced to get a 80's VW Van and turn it into a campervan, he lamented at the fact that unrestored rustbucket examples easily tipped the meter at 4,000 pounds. #vwbus
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Oh, and theirs a much more funnier synopsis of the show for the Mazda Miata episode on Youtube: [www.youtube.com]
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I'd like to know when that auction takes place. VW Buses aren't my favorite, but that is a sweet lookin' ride. #vwbus
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The worst is the opinion that anything which has a useful, real world function can't be art.
What town are you in, anyway?
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Would this be classified as Nazi art?
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