Misallocation

Terms of use

These terms cover misallocation.fund. By using the site you agree to them.

What the site is

Misallocation publishes information about the enthusiast car market: auction results as the houses publish them, our own estimates of value, and commentary. It does not offer, manage or sell investments, and nothing on the site is investment, financial, legal or tax advice.

Figures and estimates

Auction results come from the houses' published results and may contain their errors or ours. Values are statistical estimates, not appraisals, and the accuracy we publish describes past performance, which does not guarantee future results. Check anything that matters to a decision with the source and with an independent inspection.

The Concierge

Sending a request does not create any agreement. If we take a request on, the scope and any fee are agreed with you in writing first. We do not buy, sell, consign or take title to cars, and we do not hold anyone's money; any sale is between the buyer and the seller.

Pictures and names

Pictures of cars sold at auction belong to their owners and are shown from the auction houses' own websites, linked to each lot. Auction house names are their owners' marks and do not imply any endorsement. To ask for a picture to be removed, write to [contact address to confirm].

Liability

The site is provided as it is. To the extent the law allows, Spencelam LLC is not liable for losses arising from use of the site or reliance on its information.

Law

These terms are governed by the laws of [state to confirm].

Misallocation is owned by Spencelam LLC. Last updated Nov. 9, 2026.