When you realized your marriage was ending, your first thought wasn’t about the house or the retirement account—it was about your 1967 Camaro SS. You bought the classic car during the marriage and lovingly restored it to mint condition. Now, you are facing the unsettling possibility that this prized collectible might end up as just another item to be divided in the divorce.
For many, the fate of unique collectibles—such as cars, art, memorabilia, coins, or antiques—can be one of the most emotionally charged aspects of the asset division process in a divorce.
Are Collectibles Marital or Separate Property?
The first step is to determine whether a collectible is considered marital property or separate property. Any property acquired during the term of the marriage with marital funds is classified as marital property, even if only one spouse used or maintained it. That means the 1967 Camaro bought, restored, and maintained during the marriage likely falls into this category.
However, if a collectible was acquired before the marriage or was given as a gift or inheritance, it might be considered separate property. But there’s a catch: if its value increased during the marriage due to restoration, maintenance, or appreciation, that increase might still be divisible.
After deciding whether a collectible needs to be divided, the next challenge is determining its actual value.
That part isn’t always easy. Emotions often get involved, especially if one person feels a strong connection to the item, and it’s not uncommon for each spouse to have a different idea of its value. In cases like this, it’s best to bring in a certified appraiser who is familiar with the specific type of collectible, such as vintage cars, artwork, or sports memorabilia. Obtaining a reliable professional valuation is crucial in high-asset divorces, where even minor disagreements can escalate into significant conflicts.
Division Options
Agree to Divide
The most straightforward approach is for both parties to agree on how to split the collection. Value the items according to both their market value and emotional value, and divide them accordingly.
Selling and Dividing the Money
Sometimes, the best option is to sell the collectible and move on. If that’s the plan, both sides should try to get a fair market price—something that reflects what the item would sell for today.
Once it’s sold, the money gets divided in a way that’s fair under Texas law. That doesn’t always mean a straight 50/50 split. The court may consider factors such as who brought what to the marriage, who needs what moving forward, and how much each person contributed over time.
Buyout Options
Take the 1967 Camaro, for instance. If one spouse is determined to keep it, they might offer to buy out the other’s share. That could mean paying them directly or offering something of similar value, such as a savings account, a piece of furniture, or even another collectible.
Trading Assets
In other situations, couples might work out a trade. Perhaps one person holds onto the Camaro, while the other walks away with a valuable painting or a collection they care about more. It all comes down to what each person values most—and where they’re willing to compromise.
Joint-Ownership
Rare, but not impossible—some couples choose to maintain joint-ownership of high-value or sentimental collectibles. This requires ongoing cooperation and legal agreements about usage, maintenance, and future sale.
When Sentimental Value Gets Involved
Some things in a divorce aren’t just “stuff.” A collectible might hold memories, pride, or personal meaning—so dividing it fairly can get complicated fast. If both spouses feel strongly about keeping the same item, emotions can run high.
A trusted attorney, appraiser, or financial advisor can help take a step back from the emotions and guide the process with a clear head. It’s not just about dollars and cents. It’s about ensuring that both parties walk away feeling heard—and with a plan that’s fair on every level.
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