AS 0 Above, top: A 1931 Buick Roadmaster from Mary Tamaroff's collection. Middle: Mr. Tamaroff's 1949 Buick convertible used in the ads for "Rainman." Bottom: A bevy of vintage Mercedes from Mr. Glieberman's collection. FRIDAY, JANUARY 4, 1991 "This is the only car that has ever been liberated," says Mr. Glieberman, pulling out a black loose leaf notebook from its trunk. Inside are cer- tificates of ownership and old photos, including one show- ing the 540K at the ceremony marking the German sur- render to Holland, in 1945, its convertible top rolled back to reveal Dutch Crown Prince Bernhard in its back seat. "Bernhard was definitely on the American side at the sur- render," Mr. Glieberman says emphatically in response to charges that Prince Bernhard had pro-German sympathies during that time. "The Dutch people brought this car to him, and he drove it to poke his nose at the Germans!' In fact, Prince Bernhard was one of the car's owners, which included a European racer and an American GI, but Mr. Glieberman bought the car at an auction. Despite its low mileage, for it had on- ly been driven 1,900 miles during the war years, it was a mere shadow of its former glory. A California restorer, Carl's Classics, brought the car up to its current, dazzling stan- dard. "No prices!" says Mr. Glieberman coyly. "This car is dangerously high in value:' Though the trading in classic cars is international, restorations are a decidedly all-American activity. "The English are great collectors but they do not do work on cars. They will polish a car up and say it is an antique. That explains everything," Mr. Glieberman says joking- ly."The Japanese don't have much capability to restore or to store cars, so they general- ly buy the best and the glitzi- est ones they can, but they have enough money to ship them here to be restored!' There are probably about 100 good restorers throughout the U.S. One Massachusetts company, Gullwing Services, is current- ly working on 60 cars, in- cluding many of the 12 Fer- raris that fashion designer Ralph Lauren has been collec- ting recently and featuring in many of his ads. With so many levels of en- try, automobile collectors can generally find a niche. Even if it is only one car that the true-blue collector can afford, it is an interesting car, main- ly because it is a personal statement as well as an in- vestment and toy. Enthusiasts like Larry Crane bemoan the accelera- tion of prices, but he notes that the high end of the market is currently domi- nated by the guys who love the cars of the 1930s and 1940s and have the money to play with them now. He sees this giving way, slowly but surely, to a younger moneyed group who look to newer vin- tages for their burnished memories. "Ferraris have led the way in the past five years," he says noting that "interesting" ones have gone from $20,000 to $1 million in value during this time. What's next? Old Chrysler, Plymouths, T-Birds, and Chevrolets are inching up already. "Bellair convertibles were sensational in their day. A two-door 1957 Chevy sedan is now up to $20,000 where it would have commanded $2,000 a couple of years ago," he points out. "Every guy who is in this has a different passion — and as for indulging it — nothing exceeds like excess," says Mr. Crane. 111