We haven't emptied the pool of worthy project cars but we've come damn close to it. And that tug-of-war between supply and demand has practically made Ferraris of old Fords, at least by value anyway.

John Foxley recently finished one of those Ferrari-status Fords, a 1932 deluxe coupe. Not this one, though; another one. "It came with some extra parts," he says, namely a pair of 'rails, a floor, and ...