Unique features include Pilot Ray lights that automatically turn with the steering mechanism to "light the winding way" and a glass hood ornament by Rene Lalique, a famed French jeweler. It's in the form of an eagle's head, and is one of the most controversial of Lalique's pieces because it was fitted to Nazi officers' staff cars.
"But I just like the way it looks," Shappy says. "The Eagle is an American symbol. Don Summer makes the radiator caps so it's easy to install." Shappy says the eagle ornament is worth about $1,000, and between $5,000 and $7,000 if signed by Lalique.
"Mine is signed," he said.
Typically, the phaeton was a wreck when Shappy started restoring it 20 years ago. "I've been driving it for about 10 years without doing much to it," he said.