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£
Classic
cars draw
the stars
HOLLYWOOD - While
some stars hedge against in
flation through the collection
of coins (Barbara McNair, to
cite a case) and others
through the accumulation of
diamonds (Ann-Margret, to
cite another), a former St.
Ixiuis boy named Charles D.
Schmitt provides the glitter
set with, perhaps, the most
exotic investment of all, rare
and classic cars, some of
which have belonged to royal
ty.
“You can’t beat classic cars
as investments,” Schmitt in
sists. “TTieir prices are sky
rocketing. They are better in
vestments than art or an
tiques.
“Cars are like wine, better
in some years than in others.
Now 1959, for example, was a
great year for the Rolls, and a
1959 Rolls today sells for 25
per cent more than it did when
it was new.
“See what that means?
“It means that, if you’d
bought the car when it first
came out, you could have
driven it free all this time and
have had a 25 per cent profit
on your investment.”
Schmitt who travels all over
the world acquiring exotic au
tomobiles to please his fancy
and his customers’ has, at one
time or another, included in
his stock the 1956 Mark II
Continental owned by John
Kennedy, the 300 SC Mercedes
Benz Cabriolet owned by
Clark Gable and a Rolls that
belonged to Queen Mary.
Numerous stars are his cus
tomers.
Polly Bergen, for example,
not only owns but personally
drives a 1957 Bentley Conti
nental, somewhat to Schmitt’s
amazement.
“I didn’t really think she’d
enjoy driving a car without
power steering,” he marvels,
“but she loves it.”
Schmitt is a St. Louis boy
who plunged into the business
world when he was 18 years
old through the acquisition of
a car wash.
Through his efforts, this
quite ordinary establishment
became St. Louis’ first auto
matic car wash with a gaso
line sales tie-in.
“I was still in the car wash
business when I sold my first
Rolls,” he recounts.
Schmitt had bought a 1936
Rolls in poor condition at a
good price and, after rebuild
ing it, had parked it in front of
his filling station as an eye
catcher.
“It caught the eye of a man
who was driving through with
his wife in a 1948 Lincoln Con
tinental,” the exotic auto'
dealer says. “He was in the
wholesale Christmas tree
business and was starting a
wax museum in New Orleans
in which he wanted to use the
Rolls.
“Anyway, he bought it from
me giving me in exchange his
own car, his wife’s mink stole
and a diamond ring and some
cash.
“I decided selling unusual
automobiles was pretty good
justness.”
Television
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Griffin Daily News
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