Classic Car Buyers, Beware of Fakes
In the 1930s, British sports car maker MG manufactured exactly 33 of its vaunted K3 open-top race cars. But if you want to buy one today, there are more than 100 to choose from. No, the defunct manufacturer didn’t restart production. The tripling of the K3 fleet is part of the booming trade in fake antique autos as soaring prices for classic cars spur sophisticated counterfeits. “In the 1990s, I would find one faked car every five years,” says Norbert Schroeder, who verifies classic cars at TUV Rheinland, a Cologne (Germany)-based technical testing company. “Now I find up to five fakes a year.”
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