1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:09,280 --> 00:00:11,080 Speaker 2: I'm Hannah Elliott and I'm Matt Miller. 3 00:00:11,240 --> 00:00:12,720 Speaker 3: This is Hot Pursuit. 4 00:00:17,960 --> 00:00:20,920 Speaker 2: First up, we really just want to hear about this 5 00:00:21,320 --> 00:00:25,759 Speaker 2: latest purchase of yours, the car, the white one, the 6 00:00:25,840 --> 00:00:30,200 Speaker 2: special one. Yes, just tell us first of all, how 7 00:00:30,240 --> 00:00:33,919 Speaker 2: did you first how you been looking for a GTO? 8 00:00:35,040 --> 00:00:38,159 Speaker 2: Where did you see this? What's the story behind the purchase? 9 00:00:38,640 --> 00:00:43,920 Speaker 4: Sure, sure, sure you know, I you know, you know. 10 00:00:44,320 --> 00:00:49,200 Speaker 1: The thing about it is, I didn't even think about 11 00:00:49,360 --> 00:00:54,400 Speaker 1: buying a GTO dreaming about GTO, you know, any of that, 12 00:00:54,440 --> 00:00:58,880 Speaker 1: because two fifty to me was just way beyond like 13 00:00:59,200 --> 00:01:02,600 Speaker 1: any tape noble situation. I mean, people might say the 14 00:01:02,640 --> 00:01:07,680 Speaker 1: cars that I have now, the supercars, are unattainable or 15 00:01:07,760 --> 00:01:10,800 Speaker 1: dream cars, but I did dream about those cars maturity. 16 00:01:10,840 --> 00:01:12,800 Speaker 1: A GTL was my high school dream call. When I 17 00:01:12,800 --> 00:01:15,679 Speaker 1: saw it in the Road and Track magazine, I wanted 18 00:01:15,680 --> 00:01:17,880 Speaker 1: to have it. I didn't think I could really be 19 00:01:18,200 --> 00:01:20,480 Speaker 1: able to have it now. I obviously have red and 20 00:01:20,560 --> 00:01:24,720 Speaker 1: yellow in it, but uh, you know, and all the supercars. 21 00:01:24,800 --> 00:01:28,240 Speaker 4: I just kind of was focusing on that and trying. 22 00:01:28,000 --> 00:01:30,240 Speaker 1: To get that, and and and having the set of 23 00:01:30,280 --> 00:01:33,080 Speaker 1: the red and yellow, and of course the new and 24 00:01:33,120 --> 00:01:36,480 Speaker 1: then the new the new stuff like the sp three's 25 00:01:36,520 --> 00:01:38,880 Speaker 1: and things like that as a ninety x X Spider. 26 00:01:39,360 --> 00:01:42,760 Speaker 1: But I never, could, you know, was thinking about a 27 00:01:42,800 --> 00:01:47,080 Speaker 1: two p gto a matter of fact, I did, uh, 28 00:01:47,319 --> 00:01:48,840 Speaker 1: And I've been looking for a long time for a 29 00:01:48,880 --> 00:01:52,440 Speaker 1: two D short wheelbase. Uh And because I thought, well, 30 00:01:52,520 --> 00:01:54,760 Speaker 1: that's maybe something I can find, but I didn't. 31 00:01:54,760 --> 00:01:57,720 Speaker 4: I never you know, found the right one or whatever. 32 00:01:58,160 --> 00:01:58,960 Speaker 4: But it wasn't. 33 00:01:58,760 --> 00:01:59,120 Speaker 2: There are. 34 00:02:01,080 --> 00:02:03,160 Speaker 4: No there isn't you know, there's but I love. 35 00:02:03,080 --> 00:02:05,800 Speaker 1: The show Wheel based shout Wheel based California obviously was 36 00:02:06,120 --> 00:02:09,440 Speaker 1: also seemed like okay, But I didn't never thought about 37 00:02:09,440 --> 00:02:10,280 Speaker 1: the two fifty gtail. 38 00:02:10,360 --> 00:02:12,360 Speaker 4: But but I did that. 39 00:02:12,720 --> 00:02:15,800 Speaker 1: You know, my my people reminded me, he goes, hey, David, 40 00:02:15,800 --> 00:02:19,640 Speaker 1: look at the video in in Pebble Beach last year 41 00:02:20,080 --> 00:02:23,920 Speaker 1: in August in Monterey, I was walking through the Ferrari 42 00:02:24,000 --> 00:02:27,240 Speaker 1: lawn at Casa Ferrari, and I saw some gtls and 43 00:02:27,240 --> 00:02:29,520 Speaker 1: and I remember that I think may Comb was already 44 00:02:29,560 --> 00:02:34,080 Speaker 1: at that time promoting that they there's John Shirley's Blanco 45 00:02:34,160 --> 00:02:38,560 Speaker 1: Speciality white. Uh. So I was just like, oh, yeah, 46 00:02:38,560 --> 00:02:40,600 Speaker 1: maybe maybe I'll get that, you know, maybe that would 47 00:02:40,639 --> 00:02:43,240 Speaker 1: be something, you know, like honestly, wasn't. I wasn't even 48 00:02:43,280 --> 00:02:45,680 Speaker 1: serious about it. I was just like, okay, whatever, you know. 49 00:02:46,320 --> 00:02:51,120 Speaker 1: And and so I mentioned that I forgot about it. 50 00:02:51,600 --> 00:02:54,920 Speaker 1: And as I was getting close to uh, the auction, 51 00:02:56,040 --> 00:03:00,320 Speaker 1: my people, uh Kevin Cohen said, hey, you know the 52 00:03:00,320 --> 00:03:02,520 Speaker 1: the gto is going to be in Las Vegas. I 53 00:03:02,520 --> 00:03:04,920 Speaker 1: think make him have something in Las Vegas. Well, what 54 00:03:04,960 --> 00:03:05,359 Speaker 1: do you think? 55 00:03:05,560 --> 00:03:08,960 Speaker 4: I say, Okay, well, you know, let's you know, go 56 00:03:09,000 --> 00:03:10,200 Speaker 4: out there. I'll send my. 57 00:03:10,200 --> 00:03:13,160 Speaker 1: Mechanic mic out there to check out the car, see 58 00:03:13,520 --> 00:03:16,799 Speaker 1: see if it's how legit it is, know everything about it. 59 00:03:17,200 --> 00:03:20,000 Speaker 2: What did you tell him to look for at that point? 60 00:03:20,040 --> 00:03:22,040 Speaker 2: What what did you say to him? 61 00:03:22,360 --> 00:03:25,760 Speaker 1: Yeah, I mean, you know, in my experience and obviously 62 00:03:25,800 --> 00:03:30,160 Speaker 1: I have a number of classic road road ferraris, but 63 00:03:30,600 --> 00:03:34,399 Speaker 1: you know it's important and I I pay my shared 64 00:03:34,520 --> 00:03:36,280 Speaker 1: dues of buying the wrong. 65 00:03:36,080 --> 00:03:38,320 Speaker 4: Ones and about that I love. 66 00:03:38,480 --> 00:03:42,040 Speaker 1: Yeah, yeah, And so I wanted to send my the 67 00:03:42,120 --> 00:03:45,200 Speaker 1: smart way he's always to send your your guy. I 68 00:03:45,240 --> 00:03:47,400 Speaker 1: be a guy to check it out, you know, to 69 00:03:47,440 --> 00:03:50,280 Speaker 1: see how it's restored, if it's restored, see if all 70 00:03:50,280 --> 00:03:53,040 Speaker 1: the parts are the kind of the original parts or 71 00:03:53,040 --> 00:03:55,760 Speaker 1: the right parts on the car. Uh see if the 72 00:03:55,840 --> 00:03:59,120 Speaker 1: car starts up, and if there's any any problems with that. 73 00:03:59,760 --> 00:04:02,920 Speaker 1: H see all the blemishes that are that are on 74 00:04:03,000 --> 00:04:06,520 Speaker 1: there and underneath the car as well. So my guys 75 00:04:06,560 --> 00:04:08,760 Speaker 1: have been trained so well that they checked out everything. 76 00:04:08,800 --> 00:04:12,920 Speaker 1: And I coming back, I knew the condition of the car. 77 00:04:12,960 --> 00:04:15,120 Speaker 1: And that's really important because the condition of the car 78 00:04:15,360 --> 00:04:18,520 Speaker 1: dictates the price. It dictates the price of the car. 79 00:04:19,480 --> 00:04:21,960 Speaker 1: It's not just you know, one model, it's all the 80 00:04:21,960 --> 00:04:25,560 Speaker 1: same prices. It dictates that and and so forth, so 81 00:04:25,800 --> 00:04:27,920 Speaker 1: and all the stuff that comes with. What is all 82 00:04:27,960 --> 00:04:32,239 Speaker 1: the parts that comes with? And so I knew everything 83 00:04:32,279 --> 00:04:35,520 Speaker 1: about it and it was worth sending them out to 84 00:04:36,320 --> 00:04:37,080 Speaker 1: do that research. 85 00:04:37,839 --> 00:04:38,560 Speaker 2: Did they come back? 86 00:04:38,720 --> 00:04:39,320 Speaker 5: What did they? 87 00:04:39,680 --> 00:04:40,240 Speaker 2: Yeah? 88 00:04:40,640 --> 00:04:41,039 Speaker 4: Go ahead? 89 00:04:41,080 --> 00:04:41,240 Speaker 2: Yeah? 90 00:04:41,279 --> 00:04:42,680 Speaker 3: What did they? What did they say? 91 00:04:42,720 --> 00:04:45,440 Speaker 5: I mean, we know everyone knows the result because I 92 00:04:45,480 --> 00:04:49,799 Speaker 5: think it's the certainly most famous car purchase, at least 93 00:04:49,800 --> 00:04:50,320 Speaker 5: this year. 94 00:04:51,560 --> 00:04:55,240 Speaker 3: So you say the condition dictates the price. Is that 95 00:04:55,320 --> 00:04:57,000 Speaker 3: how you got it for thirty eight? Is that a 96 00:04:57,000 --> 00:04:58,039 Speaker 3: good price? Do you feel? 97 00:04:58,560 --> 00:05:01,120 Speaker 4: Well? First of all, thirty was a good price. 98 00:05:01,520 --> 00:05:04,599 Speaker 1: I believe this car with the condition that I've seen, 99 00:05:05,400 --> 00:05:08,960 Speaker 1: is definitely a sixty seventy million dollars worth car. Now, 100 00:05:10,000 --> 00:05:14,800 Speaker 1: there could be a lot of reasons where the perhaps 101 00:05:15,120 --> 00:05:18,159 Speaker 1: maybe the buyers for those cars were not at the auction, 102 00:05:19,279 --> 00:05:23,960 Speaker 1: were not the right time in the year, or perhaps 103 00:05:24,000 --> 00:05:27,719 Speaker 1: the venue that they're used to going to buy these cars, 104 00:05:27,800 --> 00:05:31,040 Speaker 1: you know, which which could could be the situation. But 105 00:05:31,160 --> 00:05:33,680 Speaker 1: you know, so understanding this too. You know, two fifty 106 00:05:33,760 --> 00:05:36,400 Speaker 1: gto was a race car, right, it was a race car, 107 00:05:36,520 --> 00:05:38,159 Speaker 1: was a very special race car because prior to that, 108 00:05:38,200 --> 00:05:41,960 Speaker 1: the bigty short wheelbase was was doing very successful in 109 00:05:42,000 --> 00:05:45,000 Speaker 1: all the tracks. The two fifty gt o Y is 110 00:05:45,040 --> 00:05:49,559 Speaker 1: so special. Is Ferrari at that time was the first 111 00:05:49,560 --> 00:05:55,240 Speaker 1: time they engaged the Pisa University to study the car 112 00:05:55,640 --> 00:05:59,040 Speaker 1: how to make it more aerodynamic, using aerodynamic to it 113 00:05:59,080 --> 00:06:02,200 Speaker 1: besides the big and the light weights and everything, but 114 00:06:02,960 --> 00:06:06,000 Speaker 1: you know, and wind tunnels and everything to to to 115 00:06:06,160 --> 00:06:10,080 Speaker 1: make the car more special, more aerodynamic, faster, better performance, 116 00:06:10,560 --> 00:06:15,000 Speaker 1: and which is very special. You know, race cars back 117 00:06:15,040 --> 00:06:19,120 Speaker 1: then again they were you know, they've changed out engines, 118 00:06:19,320 --> 00:06:21,919 Speaker 1: they blow they blow up engines and in the in 119 00:06:21,960 --> 00:06:24,839 Speaker 1: the races, they crash, they get they get fixed, they 120 00:06:24,880 --> 00:06:27,919 Speaker 1: get repainted. It's all part of the natural course. So 121 00:06:28,320 --> 00:06:30,440 Speaker 1: when people say, you know, maybe it didn't have the 122 00:06:30,520 --> 00:06:34,160 Speaker 1: original engine, although this one, John Shirley brought it back, 123 00:06:34,320 --> 00:06:38,320 Speaker 1: had Ferrari make a new engine. Uh, a perfectly respect 124 00:06:38,400 --> 00:06:42,120 Speaker 1: out engine. Uh casa keke which is important. The red 125 00:06:42,120 --> 00:06:44,640 Speaker 1: book in there it has so it came with the 126 00:06:44,720 --> 00:06:48,600 Speaker 1: race engine that erased in many of the races that 127 00:06:48,640 --> 00:06:50,679 Speaker 1: they had in history in period. 128 00:06:51,080 --> 00:06:53,760 Speaker 4: And uh, the the engine that's in there now. 129 00:06:53,600 --> 00:06:57,120 Speaker 1: It's the Ferrari rebuilt the engine. But you know the 130 00:06:57,160 --> 00:07:00,719 Speaker 1: fact that okay, previously only painted red and John Shirley 131 00:07:00,720 --> 00:07:02,960 Speaker 1: painted white back to the Ferrari white. 132 00:07:03,440 --> 00:07:06,440 Speaker 4: Color, all that really doesn't matter. 133 00:07:06,200 --> 00:07:08,120 Speaker 1: Because it's a two pp gt O and it was 134 00:07:08,160 --> 00:07:11,400 Speaker 1: a race car, So it comes with it, doesn't It 135 00:07:11,440 --> 00:07:14,640 Speaker 1: doesn't come It comes with the history that it has it, 136 00:07:14,760 --> 00:07:17,000 Speaker 1: which is a lot of people, a lot of cars 137 00:07:17,000 --> 00:07:19,680 Speaker 1: don't have the original engine. A lot of cars have 138 00:07:19,760 --> 00:07:23,560 Speaker 1: been crashed and rebuilt or repainted. 139 00:07:23,680 --> 00:07:25,960 Speaker 4: So you know, you know, I don't think that was 140 00:07:26,000 --> 00:07:26,440 Speaker 4: the reason. 141 00:07:26,840 --> 00:07:29,280 Speaker 2: Yeah, I've heard that so many times that like anybody 142 00:07:29,280 --> 00:07:32,320 Speaker 2: who thinks they're going to get a quote unquote completely 143 00:07:32,360 --> 00:07:37,600 Speaker 2: original race car is that doesn't even exist because these 144 00:07:37,640 --> 00:07:39,559 Speaker 2: are it's like the what is it called the ship 145 00:07:39,560 --> 00:07:43,960 Speaker 2: of theseus paradox where you're constantly replacing the parts of 146 00:07:44,000 --> 00:07:44,400 Speaker 2: the ship. 147 00:07:44,480 --> 00:07:47,080 Speaker 1: So yeah, yes you would, and you would do that right, 148 00:07:47,120 --> 00:07:49,400 Speaker 1: I mean, you know in race racing, all the parts 149 00:07:49,400 --> 00:07:51,840 Speaker 1: of how do you get taken more? 150 00:07:52,520 --> 00:07:55,080 Speaker 4: Yeah, it's you know, you do that. And at that 151 00:07:55,160 --> 00:07:58,120 Speaker 4: time they weren't thinking, you know, everything. 152 00:07:57,720 --> 00:08:00,480 Speaker 1: Has to to to match an original, know and everything. 153 00:08:00,520 --> 00:08:01,880 Speaker 4: I mean the road cars, I know they do that. 154 00:08:01,920 --> 00:08:05,960 Speaker 1: People have this road car valuation mentality, but when you 155 00:08:06,000 --> 00:08:09,679 Speaker 1: come to race cars, a totally different mentality, totally different way. 156 00:08:09,480 --> 00:08:12,320 Speaker 4: Of looking at it. It's an alloy car, you know, 157 00:08:12,400 --> 00:08:15,840 Speaker 4: alloy body car. It's two thousand pounds, three hundred horsepower. 158 00:08:16,400 --> 00:08:18,720 Speaker 1: Uh, you know, and there's a lot of other parts 159 00:08:18,760 --> 00:08:22,360 Speaker 1: that they have, accessory parts that they put on it 160 00:08:22,440 --> 00:08:24,360 Speaker 1: for when they race. You know, there's a lot of 161 00:08:24,360 --> 00:08:26,280 Speaker 1: all the parts too that they put on it for 162 00:08:26,360 --> 00:08:28,880 Speaker 1: different races and things that I have. It's like I 163 00:08:28,880 --> 00:08:31,240 Speaker 1: have a big, you know, two container, I mean two 164 00:08:31,520 --> 00:08:35,600 Speaker 1: boxes of container of parts that they switch out wheels, 165 00:08:35,600 --> 00:08:39,120 Speaker 1: they switch out ras, lights and vents and things like 166 00:08:39,160 --> 00:08:43,720 Speaker 1: that in order to. 167 00:08:42,080 --> 00:08:45,480 Speaker 4: Attack each race. And this car has has has placed 168 00:08:45,679 --> 00:08:48,080 Speaker 4: and has been driven by very famous drivers, you know, 169 00:08:48,120 --> 00:08:50,000 Speaker 4: like Graham Hill. It was one of them, the triple 170 00:08:50,040 --> 00:08:51,200 Speaker 4: crown winner. Uh. 171 00:08:51,559 --> 00:08:56,200 Speaker 1: So it's been raced by important racers. It's been been 172 00:08:56,200 --> 00:09:00,200 Speaker 1: in a lot of important races. It's it's placed uh 173 00:09:00,679 --> 00:09:02,880 Speaker 1: in there. And of course the model to KG two 174 00:09:02,920 --> 00:09:06,520 Speaker 1: has was dominant and in that time in all the races. 175 00:09:06,920 --> 00:09:10,120 Speaker 1: So it's it's definitely a very and and you know 176 00:09:10,120 --> 00:09:13,760 Speaker 1: it's the only one painted in white, you know, uh, 177 00:09:14,200 --> 00:09:18,360 Speaker 1: very special. Yeah, right hand drive there was eight out 178 00:09:18,400 --> 00:09:20,959 Speaker 1: of uh the thirty six or a right hand drive. 179 00:09:21,040 --> 00:09:22,800 Speaker 4: That's not a problem to drive, you know. I mean 180 00:09:22,960 --> 00:09:28,240 Speaker 4: nobody has a problem with a Yeah, it's difficult and 181 00:09:28,320 --> 00:09:30,120 Speaker 4: hard to drive. Yeah, not at all. 182 00:09:30,520 --> 00:09:32,040 Speaker 5: David, Have you driven in it? Are you going to 183 00:09:32,120 --> 00:09:34,240 Speaker 5: drive it around California? Or will you just keep it 184 00:09:34,280 --> 00:09:34,840 Speaker 5: in the garage? 185 00:09:35,320 --> 00:09:36,560 Speaker 4: No? No, I've been driving it. 186 00:09:37,320 --> 00:09:39,400 Speaker 1: When I received it, I drove it around the block 187 00:09:40,400 --> 00:09:43,000 Speaker 1: a couple of days, and then that and then a 188 00:09:43,080 --> 00:09:45,720 Speaker 1: weekend I took it home, which was like a forty 189 00:09:45,720 --> 00:09:48,080 Speaker 1: mile drive to home, and I took it to my 190 00:09:48,120 --> 00:09:49,640 Speaker 1: country club and you know where. 191 00:09:51,160 --> 00:09:54,559 Speaker 4: Yeah, yeah, I drive it around. I drove around the 192 00:09:54,559 --> 00:09:54,920 Speaker 4: whole time. 193 00:09:55,040 --> 00:09:57,200 Speaker 1: I went to some of my friends gave a ride 194 00:09:57,200 --> 00:10:00,040 Speaker 1: and gave my wife a rye, you know, and and 195 00:09:59,559 --> 00:10:01,640 Speaker 1: uh and cruising around all over. 196 00:10:02,320 --> 00:10:05,520 Speaker 2: Can you tell us what yes, sorry interrupt, Can you 197 00:10:05,559 --> 00:10:07,600 Speaker 2: just give us a sense of what does it feel 198 00:10:07,640 --> 00:10:10,880 Speaker 2: like to drive? What is the personality? You drive so 199 00:10:11,000 --> 00:10:14,160 Speaker 2: many different cars? What is the personality? Because everybody says 200 00:10:14,200 --> 00:10:18,960 Speaker 2: these cars are magical, really magical, What is the personality 201 00:10:19,000 --> 00:10:19,959 Speaker 2: of this car? 202 00:10:20,240 --> 00:10:20,640 Speaker 4: Sure? 203 00:10:21,000 --> 00:10:25,520 Speaker 1: Sure, well, you know I really did get to understand 204 00:10:25,559 --> 00:10:28,000 Speaker 1: that and know the difference because you know, I have 205 00:10:28,080 --> 00:10:31,320 Speaker 1: a two fifty looser competition to set a five GDP 206 00:10:31,480 --> 00:10:35,400 Speaker 1: four cam three thirty gps, a sixty five GDP four 207 00:10:35,760 --> 00:10:39,719 Speaker 1: throna spider and I'm and I rest on Dino, So 208 00:10:40,280 --> 00:10:43,079 Speaker 1: I do know classic car very well. For for our 209 00:10:43,120 --> 00:10:47,000 Speaker 1: classic cars, they're of course steel body. So that's a 210 00:10:47,000 --> 00:10:49,120 Speaker 1: big difference because this is the our body. Again it's 211 00:10:49,200 --> 00:10:51,760 Speaker 1: two thousand pounds, which. 212 00:10:51,640 --> 00:10:52,280 Speaker 4: Is very light. 213 00:10:53,280 --> 00:10:57,880 Speaker 1: It's it's three three hundred horsepower. Now you know the 214 00:10:58,160 --> 00:10:59,880 Speaker 1: other the other thing you know, you think okay with. 215 00:11:00,120 --> 00:11:00,720 Speaker 4: On your horse car. 216 00:11:01,640 --> 00:11:03,959 Speaker 1: I remember back in the eighties, so the supercars we're 217 00:11:04,000 --> 00:11:06,600 Speaker 1: doing zero sixteen five seconds, which was a big deal. Wow, 218 00:11:06,720 --> 00:11:10,240 Speaker 1: five seconds, you know, zero sixty you know the Lamborghinis 219 00:11:10,360 --> 00:11:10,800 Speaker 1: or whatever. 220 00:11:10,880 --> 00:11:14,000 Speaker 4: The cars. This car in nineteen sixty two was already 221 00:11:14,000 --> 00:11:15,000 Speaker 4: doing five seconds. 222 00:11:15,520 --> 00:11:17,800 Speaker 1: You know, it's a race car, so it's not you know, 223 00:11:17,880 --> 00:11:20,640 Speaker 1: it's got this breaks. You know, the balance and the 224 00:11:20,760 --> 00:11:24,000 Speaker 1: and the and the suspension. Everything is is you know, 225 00:11:24,040 --> 00:11:24,800 Speaker 1: it's like a race car. 226 00:11:24,880 --> 00:11:25,720 Speaker 4: So it's very tight. 227 00:11:25,760 --> 00:11:28,040 Speaker 1: It's not like very like like a like a boat 228 00:11:28,200 --> 00:11:32,480 Speaker 1: or or very kind of it's it's it's not very big. 229 00:11:32,520 --> 00:11:33,760 Speaker 1: I mean a lot of people when they see it, 230 00:11:33,760 --> 00:11:37,000 Speaker 1: they go, it's kind of small. It's not a big car. Uh, 231 00:11:37,120 --> 00:11:41,760 Speaker 1: and so you it really the driveway experience is amazing. 232 00:11:41,800 --> 00:11:46,760 Speaker 1: Of course, the gearbox, the gearbox, the GATD gearboxes is 233 00:11:47,000 --> 00:11:51,720 Speaker 1: tremendous power on the car, and the and the and 234 00:11:51,760 --> 00:11:54,800 Speaker 1: the sound is tremendous. But I think it's because it's 235 00:11:54,800 --> 00:11:59,080 Speaker 1: a race car, the way it built, the aerodynamic that 236 00:11:59,080 --> 00:12:02,800 Speaker 1: that there was design into it. It's a race car 237 00:12:02,880 --> 00:12:05,120 Speaker 1: but also a road car that you can drive home 238 00:12:05,160 --> 00:12:09,000 Speaker 1: after a race. That feeling is the best classic car 239 00:12:09,040 --> 00:12:12,280 Speaker 1: I've ever driven. Like, you know, just just really there, 240 00:12:12,480 --> 00:12:15,240 Speaker 1: it's all there. Yeah yeah, I mean it's just height 241 00:12:15,400 --> 00:12:17,600 Speaker 1: and you know, everything is just all there. 242 00:12:17,679 --> 00:12:20,600 Speaker 5: Man, I look at your So I've been watching you. 243 00:12:20,679 --> 00:12:23,080 Speaker 5: Like I said for many years on YouTube, I love 244 00:12:23,120 --> 00:12:27,079 Speaker 5: the videos you've done on your two fifty Luso because 245 00:12:27,080 --> 00:12:29,200 Speaker 5: I love I especially love the livery it's the white 246 00:12:29,240 --> 00:12:32,520 Speaker 5: one with the like Italian flag colors over the middle. 247 00:12:33,160 --> 00:12:36,520 Speaker 5: And how does it compare to that? Like I don't 248 00:12:36,559 --> 00:12:40,000 Speaker 5: know much about Ferraris Hannahs the expert there and also 249 00:12:40,160 --> 00:12:43,280 Speaker 5: on classic cars. But to me, I always thought two 250 00:12:43,360 --> 00:12:46,200 Speaker 5: fifty is two fifty, Like the fairest Bueler car must 251 00:12:46,240 --> 00:12:47,960 Speaker 5: be the same as your Luso, must be the same 252 00:12:47,960 --> 00:12:50,880 Speaker 5: as the GTO. I've only recently learned that there are differences, 253 00:12:50,960 --> 00:12:53,440 Speaker 5: But yeah, how do they compare to you? 254 00:12:53,440 --> 00:12:56,440 Speaker 4: You've driven more more than one, so yeah, so so 255 00:12:57,080 --> 00:12:58,960 Speaker 4: my two fifty Luso competition. 256 00:12:59,120 --> 00:13:02,480 Speaker 1: You know, the the two fifty Luso was never really 257 00:13:02,520 --> 00:13:04,719 Speaker 1: a race car, but people brought it back to and 258 00:13:04,880 --> 00:13:06,920 Speaker 1: kind of soup it up to they have a lot 259 00:13:06,960 --> 00:13:08,920 Speaker 1: of race parts, and then they raced it anyway, So 260 00:13:09,080 --> 00:13:10,200 Speaker 1: my mind was one of them. 261 00:13:10,520 --> 00:13:12,200 Speaker 4: But so so the. 262 00:13:12,280 --> 00:13:17,240 Speaker 1: Setup of the V twelve Colombo engine, the six carb 263 00:13:17,360 --> 00:13:22,040 Speaker 1: engine is the setup on my two fifty Luso, is 264 00:13:22,120 --> 00:13:24,240 Speaker 1: I guess you can say it's it's very similar. I 265 00:13:24,240 --> 00:13:27,280 Speaker 1: had a regular Luso and it was much slower, but 266 00:13:27,400 --> 00:13:29,800 Speaker 1: the the the I would say the closest to this 267 00:13:29,880 --> 00:13:34,120 Speaker 1: two fifty is my two fifty LUSO competition, but still 268 00:13:35,120 --> 00:13:37,400 Speaker 1: everything else, the weight of the car because it's still 269 00:13:37,440 --> 00:13:43,319 Speaker 1: instead of alloy, uh, the suspension, the the the gearbox, 270 00:13:44,400 --> 00:13:47,400 Speaker 1: you know, just just the way it's design, you know, 271 00:13:47,720 --> 00:13:51,880 Speaker 1: the aerodynamic It's still drives like like a world of difference, 272 00:13:52,480 --> 00:13:56,120 Speaker 1: you know, compared to my two fifty LUSO competition. So 273 00:13:58,360 --> 00:14:02,280 Speaker 1: it's you know, I mean, when we drive a classic car, 274 00:14:02,320 --> 00:14:04,760 Speaker 1: you're going to say, okay, you know you can it 275 00:14:04,880 --> 00:14:09,800 Speaker 1: kind of you know, the role or the turning. 276 00:14:09,440 --> 00:14:09,880 Speaker 4: And the brake. 277 00:14:10,280 --> 00:14:13,720 Speaker 1: You know, even my two fifty Loser competition is drum bricks. 278 00:14:13,760 --> 00:14:16,520 Speaker 1: This is already using disc brakes, you know, you know, 279 00:14:17,360 --> 00:14:19,800 Speaker 1: you know yeah back then. I mean, it's it's very 280 00:14:19,840 --> 00:14:20,640 Speaker 1: ahead of his time. 281 00:14:20,920 --> 00:14:21,280 Speaker 4: It was. 282 00:14:21,480 --> 00:14:25,480 Speaker 1: It was built with race car technology, unlike all the 283 00:14:25,560 --> 00:14:26,640 Speaker 1: other road cars that I have. 284 00:14:27,280 --> 00:14:29,400 Speaker 2: That's so cool, David. We're going to take a break 285 00:14:29,760 --> 00:14:31,880 Speaker 2: and then when we come back, I really want to 286 00:14:31,920 --> 00:14:35,720 Speaker 2: get into your origin story with how you got involved 287 00:14:35,720 --> 00:14:38,400 Speaker 2: with all of these cars, So more with David Lee. 288 00:14:38,440 --> 00:14:38,880 Speaker 4: After this. 289 00:14:44,280 --> 00:14:48,400 Speaker 5: We are back with David Lee Ferrari collector and jeweler extraordinaire. 290 00:14:48,520 --> 00:14:52,040 Speaker 5: And David, we're talking about your recent purchase of a 291 00:14:52,040 --> 00:14:55,760 Speaker 5: two fifty gto, which is seen as like the pinnacle 292 00:14:56,040 --> 00:14:59,240 Speaker 5: of car collecting as far as I understand it as 293 00:14:59,240 --> 00:15:02,560 Speaker 5: a newbie, right, I'm kind of a I'm a layman here. 294 00:15:02,760 --> 00:15:06,760 Speaker 5: But is it the ultimate car that a Ferrari collector 295 00:15:06,800 --> 00:15:10,360 Speaker 5: can can can attain? I mean, are you a little 296 00:15:10,400 --> 00:15:13,000 Speaker 5: worried that after the honeymoon is over here, like there's 297 00:15:13,040 --> 00:15:14,320 Speaker 5: nowhere else for you to go? 298 00:15:15,200 --> 00:15:19,480 Speaker 4: Yeah? You know, first of all, you know, I think 299 00:15:19,480 --> 00:15:21,760 Speaker 4: the two is to all car. 300 00:15:21,760 --> 00:15:25,440 Speaker 1: Collecting, the holy grail and the endgame of collecting. It 301 00:15:25,560 --> 00:15:27,600 Speaker 1: just I don't know, it just probably is. It's been 302 00:15:27,640 --> 00:15:30,840 Speaker 1: the most expensive car sold at auction. I mean, even 303 00:15:30,880 --> 00:15:33,440 Speaker 1: my car I think is probably the fifth most in 304 00:15:33,520 --> 00:15:36,680 Speaker 1: the record of most expensive, fifth most expensive car sold 305 00:15:36,680 --> 00:15:37,160 Speaker 1: at auction. 306 00:15:37,280 --> 00:15:40,120 Speaker 4: But I think, but certainly for a Ferrari. 307 00:15:40,680 --> 00:15:43,920 Speaker 1: Uh you know, yeah, I mean, it's it's it's really 308 00:15:43,960 --> 00:15:44,840 Speaker 1: the holy grail. 309 00:15:44,880 --> 00:15:46,600 Speaker 4: It's really the end game. It's really like when do 310 00:15:46,640 --> 00:15:47,840 Speaker 4: you collect after this? You know? 311 00:15:47,920 --> 00:15:50,640 Speaker 1: I mean, but I always think that, and always something 312 00:15:50,680 --> 00:15:52,280 Speaker 1: surprises me, like, oh something comes up. 313 00:15:52,320 --> 00:15:54,160 Speaker 4: Wow, I gotta have that or or I want to 314 00:15:54,160 --> 00:15:56,200 Speaker 4: have that, but I can't imagine it right now. 315 00:15:56,240 --> 00:15:58,560 Speaker 1: I mean, because this is like I'm still wow, this 316 00:15:58,680 --> 00:16:02,160 Speaker 1: is incredible, ized I really have a two fifty gto. 317 00:16:02,240 --> 00:16:06,880 Speaker 1: It's only thirty six, you know, and you know thirty 318 00:16:06,920 --> 00:16:10,560 Speaker 1: three in series one and and like just the most 319 00:16:10,600 --> 00:16:13,120 Speaker 1: famous guys in the worlds has this, you know, in 320 00:16:13,160 --> 00:16:13,840 Speaker 1: their possession. 321 00:16:14,280 --> 00:16:15,880 Speaker 3: And I have you met the other? Have you met 322 00:16:15,920 --> 00:16:18,160 Speaker 3: the other guys? David? Do you know Nick Mason from 323 00:16:18,200 --> 00:16:18,760 Speaker 3: Pink Floyd? 324 00:16:19,360 --> 00:16:22,680 Speaker 4: You know, I don't know Nick Mason. I will, I 325 00:16:22,720 --> 00:16:25,240 Speaker 4: do plan to. I look forward to meeting them because 326 00:16:25,280 --> 00:16:26,400 Speaker 4: every five year there's a. 327 00:16:26,520 --> 00:16:32,600 Speaker 1: Two fifty gto reunion and I know next year, twenty 328 00:16:32,920 --> 00:16:35,720 Speaker 1: twenty seven will be the next one. I think it 329 00:16:35,760 --> 00:16:39,360 Speaker 1: would be the sixty five year reunion. So I've looked 330 00:16:39,360 --> 00:16:41,760 Speaker 1: forward to meeting them as a matter of fact. But 331 00:16:41,800 --> 00:16:45,720 Speaker 1: I but I do know Chip Connor and John Hooy 332 00:16:45,840 --> 00:16:49,080 Speaker 1: and which has one and they I know when when 333 00:16:49,120 --> 00:16:51,240 Speaker 1: I when I won the auction, they called me and 334 00:16:51,960 --> 00:16:56,720 Speaker 1: congratulating me, and it was really really glad that and 335 00:16:56,760 --> 00:17:00,160 Speaker 1: they said all the kind of the car community was 336 00:17:00,160 --> 00:17:01,320 Speaker 1: was really glad that I got it. 337 00:17:01,360 --> 00:17:04,000 Speaker 4: And because you know and so and then welcome me 338 00:17:04,080 --> 00:17:07,359 Speaker 4: to the fraternity of the thirty six that have it. 339 00:17:07,880 --> 00:17:08,920 Speaker 4: Uh and uh. 340 00:17:10,960 --> 00:17:13,359 Speaker 5: Yeah, I have to say I will say that as 341 00:17:13,720 --> 00:17:16,520 Speaker 5: when I heard it was you, I was very happy too. 342 00:17:16,720 --> 00:17:19,080 Speaker 3: And when I think about. 343 00:17:18,800 --> 00:17:24,000 Speaker 5: It, you are the only Ferrari collector that I actually 344 00:17:24,920 --> 00:17:30,280 Speaker 5: know of. I'm thinking besides Glickenhouse, I guess he counts 345 00:17:30,320 --> 00:17:34,199 Speaker 5: also because of the content that you put out and 346 00:17:34,240 --> 00:17:36,360 Speaker 5: because of what you share. And that's what I think 347 00:17:36,440 --> 00:17:39,080 Speaker 5: is so great, because you share your joy and your 348 00:17:39,119 --> 00:17:42,720 Speaker 5: passion and when I watch your videos, it's like so 349 00:17:42,880 --> 00:17:45,840 Speaker 5: clear that you're in love with with these vehicles and 350 00:17:45,880 --> 00:17:49,120 Speaker 5: that you really care and you want to show them 351 00:17:49,119 --> 00:17:50,600 Speaker 5: to the rest of the world. Like, what do you 352 00:17:50,640 --> 00:17:52,280 Speaker 5: plan on doing with this? Are you going to use 353 00:17:52,320 --> 00:17:54,360 Speaker 5: it in your business? Are you going to use it 354 00:17:54,480 --> 00:18:00,199 Speaker 5: in your in your philanthropy? What's the what are your 355 00:18:00,200 --> 00:18:04,240 Speaker 5: ideas are your hopes of you know, utilizing this this 356 00:18:04,280 --> 00:18:05,320 Speaker 5: two fifty g t O. 357 00:18:05,800 --> 00:18:06,720 Speaker 4: So so, Matt. 358 00:18:06,800 --> 00:18:09,240 Speaker 1: First of all, thank you for saying that, you know 359 00:18:09,320 --> 00:18:12,680 Speaker 1: it is interesting because I think I'm a modern collector, 360 00:18:12,760 --> 00:18:16,560 Speaker 1: a modern car collector, that is, somebody that would that 361 00:18:16,640 --> 00:18:17,760 Speaker 1: have collected. 362 00:18:17,440 --> 00:18:21,280 Speaker 4: Uh to the gto the supercars and the new cars. 363 00:18:21,320 --> 00:18:24,239 Speaker 1: You know, like like I guess what I uh uh 364 00:18:24,560 --> 00:18:27,480 Speaker 1: what in my collecting as a modern collector. Uh, to 365 00:18:27,600 --> 00:18:31,600 Speaker 1: be in the three categories, all three categories of collecting 366 00:18:31,760 --> 00:18:33,920 Speaker 1: is quite rare because usually let's say, the guys that 367 00:18:34,000 --> 00:18:36,720 Speaker 1: have d GT, they just do the classic cars, and 368 00:18:37,040 --> 00:18:39,320 Speaker 1: or the new guys have just the new cars. And 369 00:18:39,720 --> 00:18:42,280 Speaker 1: very seldom that you have somebody that cross all boundaries 370 00:18:42,320 --> 00:18:44,679 Speaker 1: to have to have all the different cars. And that 371 00:18:44,800 --> 00:18:47,560 Speaker 1: just means that, you know, you understand the car from 372 00:18:47,600 --> 00:18:50,600 Speaker 1: this origin from nineteen sixty two to to the present, 373 00:18:50,640 --> 00:18:51,160 Speaker 1: which I do. 374 00:18:52,720 --> 00:18:54,160 Speaker 4: And so that that's kind of rare. 375 00:18:54,040 --> 00:18:57,080 Speaker 1: That that that that's that and and and of course 376 00:18:57,119 --> 00:18:59,840 Speaker 1: too so movements my purpose. You know, I think I 377 00:19:00,240 --> 00:19:04,160 Speaker 1: want to uh bring bring people to you know, it's 378 00:19:04,160 --> 00:19:04,639 Speaker 1: a rare call. 379 00:19:04,640 --> 00:19:06,240 Speaker 4: A lot of people don't even see it and stuff. 380 00:19:06,440 --> 00:19:09,280 Speaker 1: I want to be able to bring that experience of 381 00:19:09,280 --> 00:19:11,760 Speaker 1: of me discovering about the car and during the car 382 00:19:12,280 --> 00:19:15,440 Speaker 1: and and and and kind of you know, put that 383 00:19:16,240 --> 00:19:19,320 Speaker 1: on online so that people other people can experience it 384 00:19:19,640 --> 00:19:22,639 Speaker 1: through that, you know, through that experience, I want to 385 00:19:23,080 --> 00:19:27,399 Speaker 1: you know, bring it to UH concourses, car shows, I 386 00:19:27,400 --> 00:19:28,880 Speaker 1: mean a car show local car show. 387 00:19:28,920 --> 00:19:29,919 Speaker 4: I might roll up in it and. 388 00:19:29,920 --> 00:19:33,000 Speaker 1: Then people will be like, well, you know I do that. 389 00:19:33,119 --> 00:19:36,359 Speaker 1: I do that, and uh you know, and uh I 390 00:19:36,960 --> 00:19:39,160 Speaker 1: have a spot on Jay Leno's garage in April. 391 00:19:39,240 --> 00:19:40,919 Speaker 4: You know we're gonna go and Jay's gonna you know, 392 00:19:41,000 --> 00:19:42,360 Speaker 4: drives me and do that. 393 00:19:43,040 --> 00:19:46,240 Speaker 1: I have concourses that I'm already kind of signed up for. 394 00:19:46,800 --> 00:19:50,520 Speaker 1: And also, you know, because everything you know I do, 395 00:19:50,560 --> 00:19:52,520 Speaker 1: I have I do with synergy, you know. So my 396 00:19:52,520 --> 00:19:54,520 Speaker 1: business has a lot of synergy with with being like 397 00:19:54,600 --> 00:19:56,560 Speaker 1: this Saturday, I have a cars and chronicles. 398 00:19:56,760 --> 00:19:58,679 Speaker 4: But what I what what the cool thing is. 399 00:19:58,720 --> 00:20:01,960 Speaker 1: It's gonna be the unveiling of two so you know, 400 00:20:02,000 --> 00:20:03,760 Speaker 1: people are gonna drive their cars, is going to be 401 00:20:03,800 --> 00:20:06,960 Speaker 1: in my lot and and socializing meat and at some 402 00:20:06,960 --> 00:20:09,440 Speaker 1: point I'm gonna open my garage and and I'm gonna 403 00:20:09,440 --> 00:20:12,639 Speaker 1: allow people to come and see all my cars, of course. 404 00:20:12,400 --> 00:20:13,840 Speaker 4: Including the two fid GT. 405 00:20:14,200 --> 00:20:17,399 Speaker 1: So I I let people have access to the cars 406 00:20:17,720 --> 00:20:21,560 Speaker 1: and and which which I think people appreciate. And uh, 407 00:20:21,640 --> 00:20:23,480 Speaker 1: you know, I'm not I'm just not like, oh, you know, 408 00:20:23,480 --> 00:20:24,120 Speaker 1: I'm super scared. 409 00:20:24,119 --> 00:20:25,359 Speaker 4: I'm not gonna let anybody see it. 410 00:20:25,720 --> 00:20:29,439 Speaker 1: And I do plan to you mentioned the philanthropy I 411 00:20:29,480 --> 00:20:32,439 Speaker 1: do plan to. I don't give rides to you know, 412 00:20:33,119 --> 00:20:35,760 Speaker 1: what does it make a wish or other other different 413 00:20:35,840 --> 00:20:40,240 Speaker 1: charity functions that that or functions that that raise money 414 00:20:40,280 --> 00:20:43,560 Speaker 1: for charity? Uh you know if if that, if that 415 00:20:43,760 --> 00:20:48,320 Speaker 1: helps to uh bring awareness and bring people to support 416 00:20:48,760 --> 00:20:54,280 Speaker 1: uh these kind of philanthropy, uh charities and nonprofits. I 417 00:20:54,359 --> 00:20:56,080 Speaker 1: don't mind doing it if I have the time to 418 00:20:56,160 --> 00:20:56,359 Speaker 1: do it. 419 00:20:56,400 --> 00:21:02,000 Speaker 2: I yeah, you do mentor are young men as well, 420 00:21:02,040 --> 00:21:05,920 Speaker 2: don't you? That's part of your Is that a business 421 00:21:06,080 --> 00:21:07,120 Speaker 2: On the business side. 422 00:21:06,920 --> 00:21:10,240 Speaker 4: Of things, well, I've been. I'm on the board of 423 00:21:10,280 --> 00:21:11,560 Speaker 4: the USC Business. 424 00:21:11,200 --> 00:21:15,000 Speaker 1: School, so I give back and I speak speaking at 425 00:21:15,080 --> 00:21:21,040 Speaker 1: USC in the business classes. I do have a mentorship, 426 00:21:21,480 --> 00:21:25,399 Speaker 1: a professional mentorship program that successful. 427 00:21:25,160 --> 00:21:30,560 Speaker 4: Young entrepreneurs have joined twenty mentees right now that I 428 00:21:30,880 --> 00:21:35,560 Speaker 4: coach them weekly, uh to you know, about about business, 429 00:21:35,560 --> 00:21:38,840 Speaker 4: but about life too, and about what's important about life? 430 00:21:38,840 --> 00:21:41,959 Speaker 1: And what's life about? But but about business and and 431 00:21:41,960 --> 00:21:45,800 Speaker 1: and me and a USC senior USC professor we both 432 00:21:45,840 --> 00:21:48,480 Speaker 1: do it together as kind of a really giving back. 433 00:21:49,240 --> 00:21:53,280 Speaker 1: But but so those those those people that that join 434 00:21:53,400 --> 00:21:57,240 Speaker 1: our Titan Education inner circle, I think they're getting a 435 00:21:57,240 --> 00:21:59,520 Speaker 1: lot out of it. They really loving it and the 436 00:21:59,520 --> 00:22:01,920 Speaker 1: group has come really type themselves. 437 00:22:01,760 --> 00:22:04,480 Speaker 5: And they'll get to see white two fifty gto with 438 00:22:04,560 --> 00:22:05,320 Speaker 5: the right hand drive. 439 00:22:05,760 --> 00:22:08,439 Speaker 4: Oh yeah, they definitely. 440 00:22:09,240 --> 00:22:12,119 Speaker 2: Can you give us a little background on your family. 441 00:22:12,200 --> 00:22:16,159 Speaker 2: Obviously you are the owner of Hinwali Group. Was that 442 00:22:16,320 --> 00:22:19,480 Speaker 2: was a family business, right? Can you tell us about 443 00:22:20,440 --> 00:22:23,040 Speaker 2: how how have you arrived at this position to be 444 00:22:23,160 --> 00:22:26,520 Speaker 2: able to afford these cars and to be mentoring. Give 445 00:22:26,600 --> 00:22:29,600 Speaker 2: us some of your background and what you learned from 446 00:22:29,880 --> 00:22:33,879 Speaker 2: I'm assuming it was your father who who passed. 447 00:22:33,640 --> 00:22:36,800 Speaker 4: The business down to you, so I'll share with that. 448 00:22:36,960 --> 00:22:39,560 Speaker 1: So just to kind of put out there, a lot 449 00:22:39,560 --> 00:22:41,200 Speaker 1: of people say, hey, you know, how did you for 450 00:22:41,400 --> 00:22:41,760 Speaker 1: this car? 451 00:22:41,880 --> 00:22:44,679 Speaker 4: Is it? Is it drugs or laundry, money or whatever. No, 452 00:22:44,680 --> 00:22:46,479 Speaker 4: none of that, None of that is happening. 453 00:22:46,480 --> 00:22:51,639 Speaker 1: It's through hard working, making money, doing business, grinding to 454 00:22:51,680 --> 00:22:54,679 Speaker 1: achieve that. But anyways, I'll give you the background. You know, 455 00:22:54,720 --> 00:22:57,520 Speaker 1: we're from Hong Kong. We're Chinese, We're from Hong Kong. 456 00:22:59,560 --> 00:23:01,639 Speaker 1: I was born in Hong Kong, but I immigrated here 457 00:23:01,680 --> 00:23:04,480 Speaker 1: when I'm very young. But we were always going both 458 00:23:04,560 --> 00:23:09,080 Speaker 1: coasts and my father in nineteen sixty five started a 459 00:23:09,160 --> 00:23:14,239 Speaker 1: gemstone harving manufacturing in Hong Kong, and so he was 460 00:23:14,280 --> 00:23:19,439 Speaker 1: doing that and eventioned in the in the early eighties 461 00:23:19,440 --> 00:23:23,960 Speaker 1: we immigrated to US. We were selling you know again 462 00:23:24,040 --> 00:23:29,280 Speaker 1: selling the gemstone carvings and maybe find jewelry, jade jewelry 463 00:23:29,760 --> 00:23:30,960 Speaker 1: and in the whole. 464 00:23:30,760 --> 00:23:34,760 Speaker 4: Self capacity to other retail jewelers. 465 00:23:34,000 --> 00:23:36,480 Speaker 1: Like us throughout the United States. We've done that in 466 00:23:36,520 --> 00:23:39,600 Speaker 1: the eighties. I think my father was successful in that 467 00:23:39,800 --> 00:23:44,720 Speaker 1: because the eighties was very just you know, strong economically 468 00:23:45,600 --> 00:23:49,639 Speaker 1: and so so so he had done that. He had 469 00:23:49,680 --> 00:23:52,120 Speaker 1: BA real estate, very conservative. 470 00:23:52,200 --> 00:23:55,200 Speaker 4: My father was. And when I joined the business. 471 00:23:54,960 --> 00:23:58,560 Speaker 1: In nineteen ninety after graduating from USC Business School, I 472 00:23:58,640 --> 00:24:00,679 Speaker 1: joined it during the bat the worst kind of the 473 00:24:00,800 --> 00:24:03,640 Speaker 1: you know, a bad recession. It was probably the worst 474 00:24:03,640 --> 00:24:06,919 Speaker 1: one sense, the subtlime and and I and so I 475 00:24:07,000 --> 00:24:09,400 Speaker 1: was I joined the family business as a second generation. 476 00:24:09,880 --> 00:24:14,440 Speaker 4: But then it was you know, people I was going 477 00:24:14,480 --> 00:24:16,120 Speaker 4: out going around were not. 478 00:24:16,119 --> 00:24:20,199 Speaker 1: Making money because people were couldn't buy, couldn't afford, you know, 479 00:24:20,200 --> 00:24:23,919 Speaker 1: that economy was bad. They weren't buying stuff, the jewelers 480 00:24:23,960 --> 00:24:26,000 Speaker 1: and uh or if they buy, they couldn't pay. So 481 00:24:26,560 --> 00:24:28,520 Speaker 1: I had to come up with a new plan. And 482 00:24:28,560 --> 00:24:30,840 Speaker 1: I after a year of working for my dad, I said, 483 00:24:30,840 --> 00:24:32,520 Speaker 1: I suggested, hey, why don't we change to. 484 00:24:32,560 --> 00:24:36,000 Speaker 4: Retail, you know, because retail it is cash and carry something. 485 00:24:36,080 --> 00:24:38,240 Speaker 1: You know, you don't have the risk there and you 486 00:24:38,240 --> 00:24:41,560 Speaker 1: can kind of control your uh your your smaller local 487 00:24:41,640 --> 00:24:43,160 Speaker 1: demographic better with marketing. 488 00:24:43,440 --> 00:24:46,320 Speaker 4: And so he says, okay, let's do that, but you 489 00:24:46,440 --> 00:24:49,000 Speaker 4: have to run it. It would be your gig and 490 00:24:49,040 --> 00:24:50,880 Speaker 4: you have to run it. Because I'm kind of tired, 491 00:24:50,920 --> 00:24:52,560 Speaker 4: I don't I don't want to do that anymore. 492 00:24:52,560 --> 00:24:54,480 Speaker 1: I don't want to, uh, you know, because it was 493 00:24:54,520 --> 00:24:56,880 Speaker 1: not it was something we never done before retail. 494 00:24:57,480 --> 00:25:01,400 Speaker 4: Actually we were in wholesale and manufactured. So I said, yes, 495 00:25:01,440 --> 00:25:01,840 Speaker 4: I'll do it. 496 00:25:01,880 --> 00:25:06,200 Speaker 1: So I, you know, started in that found a store, 497 00:25:06,320 --> 00:25:09,320 Speaker 1: built the store, hired people, you know, and I had 498 00:25:09,359 --> 00:25:11,760 Speaker 1: so many people working for us before I had to 499 00:25:12,119 --> 00:25:14,000 Speaker 1: you know, at that time the company was small. I 500 00:25:14,040 --> 00:25:16,480 Speaker 1: had to be the sales manager. I put my sales 501 00:25:16,480 --> 00:25:19,680 Speaker 1: manager manager hat on. I put my marketing hat on, 502 00:25:19,920 --> 00:25:22,120 Speaker 1: put my accounting hat on, my purchasing. 503 00:25:22,040 --> 00:25:23,920 Speaker 4: Hat on, and all that all I had to wear, 504 00:25:23,960 --> 00:25:25,520 Speaker 4: all the hats work. 505 00:25:25,400 --> 00:25:27,800 Speaker 1: Seven days a week. I opened the store. First, I 506 00:25:27,840 --> 00:25:30,240 Speaker 1: closed the store, and I didn't really have. 507 00:25:30,200 --> 00:25:32,680 Speaker 4: A life and and just crying out. 508 00:25:32,720 --> 00:25:34,439 Speaker 1: But but you know what I did, what I what 509 00:25:34,520 --> 00:25:37,000 Speaker 1: I was thinking was I'm not gonna let my dad down. 510 00:25:37,320 --> 00:25:40,400 Speaker 4: He says, okay, do this, and and I'm not gonna 511 00:25:40,440 --> 00:25:41,200 Speaker 4: let my family down. 512 00:25:41,200 --> 00:25:44,000 Speaker 1: I'm not gonna just there's a failure. Was not an 513 00:25:44,040 --> 00:25:47,080 Speaker 1: option to me. So I just you know, grind that. 514 00:25:47,200 --> 00:25:49,440 Speaker 1: And so you know, in nineteen ninety three is when 515 00:25:49,440 --> 00:25:52,840 Speaker 1: I opened the store. So I've been at this for 516 00:25:52,880 --> 00:25:55,919 Speaker 1: quite a long time, over thirty something years. Uh And 517 00:25:56,280 --> 00:26:00,359 Speaker 1: but but what what what you know, I was able 518 00:26:00,400 --> 00:26:04,800 Speaker 1: to get the role X franchise for the Chinese market 519 00:26:04,920 --> 00:26:07,320 Speaker 1: or the Asian market, and the and the and the 520 00:26:07,359 --> 00:26:10,159 Speaker 1: Syncable Valley which is a strong market with Rolex in 521 00:26:10,200 --> 00:26:11,120 Speaker 1: nineteen ninety five. 522 00:26:11,720 --> 00:26:13,040 Speaker 4: Uh, and that that. 523 00:26:13,160 --> 00:26:16,720 Speaker 1: Was a very special moment, a change in the in 524 00:26:16,800 --> 00:26:20,439 Speaker 1: our in the mouthstone of our you know business, and 525 00:26:20,440 --> 00:26:23,639 Speaker 1: and and the other brands start coming and rep wanting 526 00:26:23,680 --> 00:26:25,960 Speaker 1: us to represent them. So we represented more than twenty 527 00:26:25,960 --> 00:26:29,680 Speaker 1: five different really luxury high end brands. We started expanding. 528 00:26:30,240 --> 00:26:34,520 Speaker 1: Uh and uh. At some point we also said, you know, 529 00:26:34,560 --> 00:26:36,960 Speaker 1: I don't want to rent the store from from from 530 00:26:37,080 --> 00:26:38,320 Speaker 1: landlords to have our store. 531 00:26:38,359 --> 00:26:40,440 Speaker 4: We want to you know, own and build our own stores. 532 00:26:40,440 --> 00:26:42,520 Speaker 4: I think that was a very important element. 533 00:26:42,640 --> 00:26:46,199 Speaker 1: So all our stores right now, stores and offices is 534 00:26:46,240 --> 00:26:48,640 Speaker 1: our own property because you know, when you when you 535 00:26:48,680 --> 00:26:51,200 Speaker 1: when you pay, when you pay every month, let's say 536 00:26:51,440 --> 00:26:53,400 Speaker 1: a rent, you can be paid mortgages that a rent, 537 00:26:53,440 --> 00:26:56,400 Speaker 1: and you would own the property and then as time 538 00:26:56,440 --> 00:26:59,960 Speaker 1: goes by, the property appreciate. So that's also what people 539 00:27:00,040 --> 00:27:03,200 Speaker 1: don't understand because there's a lot of jewelers, but a 540 00:27:03,280 --> 00:27:04,240 Speaker 1: lot of times they rent and. 541 00:27:04,560 --> 00:27:06,439 Speaker 4: All the money they pay every month is gone, you know. 542 00:27:07,680 --> 00:27:11,200 Speaker 1: You know, the the biggest expense to a retailer is 543 00:27:11,720 --> 00:27:13,760 Speaker 1: the employee payroll, second is the rent. 544 00:27:13,880 --> 00:27:16,840 Speaker 4: So it's a big number. But you know, so. 545 00:27:16,720 --> 00:27:19,080 Speaker 1: We're able to do that. But I think I think 546 00:27:19,440 --> 00:27:23,760 Speaker 1: through my to meeting on the helm and of course 547 00:27:23,880 --> 00:27:25,400 Speaker 1: you know I own, I own the company. 548 00:27:26,280 --> 00:27:28,480 Speaker 4: I have owned the company now for quite some time. 549 00:27:29,480 --> 00:27:32,480 Speaker 1: You know, I was able to diversify where my father 550 00:27:32,560 --> 00:27:35,560 Speaker 1: was a little more conservedile diversify into you know, the 551 00:27:35,560 --> 00:27:39,320 Speaker 1: investment of cars, investment into tech, investment in the other 552 00:27:39,680 --> 00:27:44,240 Speaker 1: entrepreneurial companies, and and then growing my company. So I 553 00:27:44,280 --> 00:27:47,720 Speaker 1: think the hangwhile the group has together the retail the 554 00:27:48,400 --> 00:27:51,879 Speaker 1: real estate and the investment side all come together. Is 555 00:27:52,720 --> 00:27:55,639 Speaker 1: after thirty five years, has become quite quite quite a 556 00:27:55,640 --> 00:27:59,120 Speaker 1: strong company. H And I'm happy to say my son 557 00:27:59,160 --> 00:28:02,080 Speaker 1: will be have have permitted to join the third. 558 00:28:02,000 --> 00:28:03,960 Speaker 5: I was just gonna ask, I was just gonna ask, 559 00:28:04,000 --> 00:28:06,159 Speaker 5: if you're passing it on to the next generation, what 560 00:28:06,200 --> 00:28:09,320 Speaker 5: do you know? What is your son most interested in? 561 00:28:09,400 --> 00:28:11,679 Speaker 5: Does he like the watches? Does he like the cars, 562 00:28:11,720 --> 00:28:15,160 Speaker 5: the investments, the real estate? That's his that's his big. 563 00:28:15,520 --> 00:28:19,159 Speaker 1: So so okay, yeah, yeah, so I'll tell you. You know, 564 00:28:19,200 --> 00:28:22,040 Speaker 1: you graduated from USC undergrad, which is great for business school. 565 00:28:22,080 --> 00:28:24,640 Speaker 1: We worked for a few years for a big corporate 566 00:28:24,880 --> 00:28:27,840 Speaker 1: and now he's at Wharton, UPenn Wharton for his n 567 00:28:27,880 --> 00:28:30,360 Speaker 1: b A. He's got two years there and then he'll 568 00:28:30,359 --> 00:28:32,960 Speaker 1: come back and so he'll be fully equipped, uh to 569 00:28:33,320 --> 00:28:34,120 Speaker 1: handle everything. 570 00:28:34,520 --> 00:28:36,600 Speaker 4: Uh. But he he is into the watches. 571 00:28:36,640 --> 00:28:39,240 Speaker 1: You know a lot of my friends, Uh, they they're 572 00:28:39,360 --> 00:28:41,240 Speaker 1: you know, they have successful business, but their kids don't 573 00:28:41,240 --> 00:28:42,840 Speaker 1: want to take over their dad's business. 574 00:28:42,880 --> 00:28:45,920 Speaker 4: It's kind of bor rings, not sexy or whatever. You know. 575 00:28:46,240 --> 00:28:48,040 Speaker 1: You know, the tech is really drawing a lot of 576 00:28:48,080 --> 00:28:50,040 Speaker 1: people that want to do that. We're not We're not 577 00:28:50,120 --> 00:28:52,440 Speaker 1: a tech company. We do have tech component because we invest. 578 00:28:52,480 --> 00:28:55,240 Speaker 1: But but but he likes to watches because watches is 579 00:28:55,280 --> 00:28:57,720 Speaker 1: popular right now with with everybody, with with all the 580 00:28:57,760 --> 00:29:01,080 Speaker 1: young people, and so that that that side kind of 581 00:29:01,800 --> 00:29:05,240 Speaker 1: has encouraged him to want to be part of the business. 582 00:29:05,760 --> 00:29:07,960 Speaker 2: So question, let's take a break here. We're going to 583 00:29:08,000 --> 00:29:11,120 Speaker 2: have one more quick pause and then more with David Lee. 584 00:29:11,200 --> 00:29:22,200 Speaker 3: Right after this. We're back with David Lee, and we're 585 00:29:22,200 --> 00:29:23,080 Speaker 3: hearing I mean. 586 00:29:23,000 --> 00:29:26,400 Speaker 5: Initially we wanted to talk about the Ferrari two fifty 587 00:29:26,440 --> 00:29:27,720 Speaker 5: gto and I mean. 588 00:29:27,640 --> 00:29:28,800 Speaker 3: I think we got enough out of the way. 589 00:29:28,840 --> 00:29:33,680 Speaker 5: I'm fascinated in the business and just as a you know, 590 00:29:33,760 --> 00:29:35,880 Speaker 5: I'm not deep into the watches either, but I love 591 00:29:37,040 --> 00:29:40,040 Speaker 5: a nice watch. I prefer to where you know, I 592 00:29:40,080 --> 00:29:42,560 Speaker 5: have a Sea Dweller that my wife got me when 593 00:29:42,600 --> 00:29:45,680 Speaker 5: I turned fifty, which is cool because it's also the 594 00:29:45,720 --> 00:29:49,160 Speaker 5: fiftieth anniversary edition, so like me and the watch turned 595 00:29:49,160 --> 00:29:53,800 Speaker 5: fifty at the same time. What is interesting to you 596 00:29:53,920 --> 00:29:56,680 Speaker 5: just quickly in the watch world, because we know you 597 00:29:56,720 --> 00:29:59,520 Speaker 5: love the Ferraris. I've seen your two fifty Louso and 598 00:30:00,160 --> 00:30:02,479 Speaker 5: the two seventy five, the three thirty, the three sixty, 599 00:30:02,480 --> 00:30:05,360 Speaker 5: five and all, what do you like in terms of 600 00:30:05,480 --> 00:30:07,560 Speaker 5: watches or what is your son like if he's more 601 00:30:07,680 --> 00:30:09,760 Speaker 5: the expert on the horological side. 602 00:30:10,160 --> 00:30:13,200 Speaker 4: Yeah, well, you know, actually it's funny. 603 00:30:13,440 --> 00:30:16,840 Speaker 1: Car guys and watch guys are many times are the same, 604 00:30:17,000 --> 00:30:22,440 Speaker 1: you know, because just as cars are mechanical and and 605 00:30:22,840 --> 00:30:26,200 Speaker 1: and the way you look at it and appreciate it 606 00:30:26,240 --> 00:30:27,280 Speaker 1: and buy and everything, the. 607 00:30:27,280 --> 00:30:28,960 Speaker 4: Watch is the same. It's also mechanical. 608 00:30:29,160 --> 00:30:32,760 Speaker 1: Through mechanical, you know, the brand has a certain DNA, 609 00:30:33,000 --> 00:30:34,680 Speaker 1: just like the cars, certain brands of the DNA. 610 00:30:35,680 --> 00:30:36,400 Speaker 4: The functions. 611 00:30:36,480 --> 00:30:41,560 Speaker 1: You know, a watch can be really high function complicated, 612 00:30:41,600 --> 00:30:44,320 Speaker 1: which that's the area I like like the high complication 613 00:30:44,520 --> 00:30:46,120 Speaker 1: watches to see what. 614 00:30:46,520 --> 00:30:48,840 Speaker 4: A human workmanship. 615 00:30:49,400 --> 00:30:53,920 Speaker 1: Yeah, and technology can make. Yeah, and cars, I mean 616 00:30:53,960 --> 00:30:57,120 Speaker 1: watches can do that as well as cars. So it's 617 00:30:57,240 --> 00:30:59,800 Speaker 1: very it's very aligned. It's very easy to appreciate a 618 00:30:59,800 --> 00:31:04,800 Speaker 1: watch a fine watchmaking. Uh, if you're if you appreciate cars, 619 00:31:04,800 --> 00:31:08,320 Speaker 1: for the other way around, you appreciate watches, you appreciate cars. 620 00:31:08,400 --> 00:31:10,440 Speaker 4: I just see that really merging. Uh. 621 00:31:10,480 --> 00:31:11,520 Speaker 3: Do you have to be David? 622 00:31:11,560 --> 00:31:13,800 Speaker 5: Do you have to be brand diagnostic because you represent 623 00:31:13,880 --> 00:31:14,480 Speaker 5: so many brands? 624 00:31:14,560 --> 00:31:16,320 Speaker 3: Or can you tell us a couple of your favorites. 625 00:31:17,000 --> 00:31:20,800 Speaker 1: Oh you know, yeah, no, no, I think, you know. 626 00:31:21,120 --> 00:31:23,600 Speaker 4: I think Rolex. I really do appreciate Rolex. 627 00:31:23,840 --> 00:31:28,120 Speaker 1: Rolex is almost like the Mercedes of of watch it right, Uh, 628 00:31:28,560 --> 00:31:32,720 Speaker 1: it does. It's it's high branding. You know, the brand, 629 00:31:32,720 --> 00:31:35,840 Speaker 1: the name is so good. Uh, the quality is unbelievable. 630 00:31:35,880 --> 00:31:38,320 Speaker 1: Went to the Rolex factory and the way they go 631 00:31:38,400 --> 00:31:41,200 Speaker 1: through the R and D and making it, it's unbelievable. 632 00:31:41,920 --> 00:31:43,920 Speaker 4: And so, you know, and they got the two sides. 633 00:31:44,560 --> 00:31:46,920 Speaker 1: The manufacturing is the German side of the Swiss people, 634 00:31:47,200 --> 00:31:49,640 Speaker 1: and then and then the marketing is the French side of. 635 00:31:49,560 --> 00:31:50,200 Speaker 4: The Swiss people. 636 00:31:50,280 --> 00:31:53,479 Speaker 1: So like they you know, you know, yeah, they got 637 00:31:53,520 --> 00:31:56,440 Speaker 1: it covered, you know, and so they're they're great. I 638 00:31:56,440 --> 00:32:01,640 Speaker 1: think they're great. I think, you know, Brigades are are 639 00:32:01,680 --> 00:32:06,480 Speaker 1: really great. You know, Blong pongs really really great. I 640 00:32:06,520 --> 00:32:11,920 Speaker 1: think Cardio also makes a great product. Yeah, they just yeah, 641 00:32:11,960 --> 00:32:13,120 Speaker 1: they're just so so good. 642 00:32:14,040 --> 00:32:15,239 Speaker 4: And so no. 643 00:32:15,320 --> 00:32:19,000 Speaker 1: I actually I think the way I would recommend to 644 00:32:19,040 --> 00:32:22,360 Speaker 1: people is that it's not just only one brand. 645 00:32:22,440 --> 00:32:23,360 Speaker 4: It depends on what. 646 00:32:23,320 --> 00:32:26,040 Speaker 1: You're looking for, right, if you're looking for a sport 647 00:32:26,160 --> 00:32:30,160 Speaker 1: watch or or you know, or you're looking for a 648 00:32:30,240 --> 00:32:32,960 Speaker 1: dress watch, or you're looking for kind of a daily watch, 649 00:32:33,040 --> 00:32:35,840 Speaker 1: or you're looking for something that's really high complication. 650 00:32:36,560 --> 00:32:38,520 Speaker 4: You know, I can steer you to a brand that's 651 00:32:38,520 --> 00:32:39,320 Speaker 4: good for that, you know. 652 00:32:39,480 --> 00:32:41,560 Speaker 1: And it's not just one brand at all, you know, 653 00:32:41,640 --> 00:32:43,440 Speaker 1: it's it's the best of everything. You know, there's no 654 00:32:43,480 --> 00:32:45,840 Speaker 1: one brand that's best of everything. So that and that's 655 00:32:45,840 --> 00:32:49,400 Speaker 1: why I carry twenty five. I represent twenty five different brands. 656 00:32:49,840 --> 00:32:54,680 Speaker 2: Wow, well different too, Yeah, say that last part I 657 00:32:54,720 --> 00:32:55,160 Speaker 2: missed it. 658 00:32:55,400 --> 00:32:58,280 Speaker 4: I said. There's also there's also different price points too. Right. 659 00:32:58,320 --> 00:33:01,560 Speaker 1: Let's say, for example, you know, you know you like 660 00:33:01,640 --> 00:33:03,720 Speaker 1: roll X, but you know it's a little bit over 661 00:33:03,720 --> 00:33:06,880 Speaker 1: your price rate. Or a Tutor, which is a brand 662 00:33:06,880 --> 00:33:10,400 Speaker 1: that they make, is a sister brand. It's the same technology, 663 00:33:10,720 --> 00:33:14,640 Speaker 1: but it's and it looks very similar. It's a price 664 00:33:15,240 --> 00:33:18,000 Speaker 1: lower so for people to afford, but it's got the 665 00:33:18,040 --> 00:33:20,440 Speaker 1: same Rolex technology Tutor for example. 666 00:33:20,920 --> 00:33:21,880 Speaker 4: So that's kind of cool. 667 00:33:22,600 --> 00:33:25,080 Speaker 3: Yes it is, David. 668 00:33:25,080 --> 00:33:26,680 Speaker 2: I'm going to put you on the spot a little bit. 669 00:33:26,720 --> 00:33:29,640 Speaker 2: We've been talking a lot about what we think is 670 00:33:29,680 --> 00:33:32,000 Speaker 2: the car of the century, Matt and me, because I'm 671 00:33:32,040 --> 00:33:35,560 Speaker 2: writing a story about what I'm saying, going to call 672 00:33:35,600 --> 00:33:37,480 Speaker 2: the car of the century, the car that's had the 673 00:33:37,560 --> 00:33:42,520 Speaker 2: most impact since two thousand and I'd love to know 674 00:33:42,840 --> 00:33:45,400 Speaker 2: if you had to say your car of the century, 675 00:33:46,400 --> 00:33:49,320 Speaker 2: what would that be? It could obviously be with anything. 676 00:33:49,360 --> 00:33:51,520 Speaker 2: It doesn't have to be a Ferrari. We'd love to 677 00:33:52,200 --> 00:33:54,280 Speaker 2: know what you would think. 678 00:33:54,520 --> 00:33:57,200 Speaker 4: So it would be a car that is built after. 679 00:33:57,000 --> 00:33:59,600 Speaker 2: The two thousand meets Yes, that's the tricky car. 680 00:34:00,480 --> 00:34:03,680 Speaker 3: Okay, okay, the last twenty twenty six years. And which 681 00:34:03,680 --> 00:34:04,440 Speaker 3: car you think. 682 00:34:04,400 --> 00:34:05,480 Speaker 4: Is the most important? 683 00:34:05,640 --> 00:34:09,400 Speaker 5: So many the most important vehicle in the last twenty 684 00:34:09,440 --> 00:34:10,160 Speaker 5: six years. 685 00:34:10,239 --> 00:34:13,359 Speaker 1: Well yeah, let me think about this for a second. Well, 686 00:34:13,400 --> 00:34:15,000 Speaker 1: there's so many it's coming to mind right now. 687 00:34:15,040 --> 00:34:17,000 Speaker 2: It's like, we're not going to hold you to it. 688 00:34:17,080 --> 00:34:18,399 Speaker 2: You could say, yeah, I have. 689 00:34:18,440 --> 00:34:21,200 Speaker 3: The same thing. She had me live on air last week. 690 00:34:21,719 --> 00:34:22,640 Speaker 3: It took me a second. 691 00:34:23,000 --> 00:34:24,800 Speaker 5: I had to go through a few guesses before I 692 00:34:24,840 --> 00:34:26,280 Speaker 5: came up with my ultimate answer. 693 00:34:26,960 --> 00:34:28,200 Speaker 4: Can I have a couple. 694 00:34:28,040 --> 00:34:29,200 Speaker 2: Of yes please? 695 00:34:29,520 --> 00:34:30,480 Speaker 3: Yes, yes, please? 696 00:34:30,800 --> 00:34:31,160 Speaker 4: All right? 697 00:34:31,239 --> 00:34:36,319 Speaker 1: So I would I would say, one is the I'm sorry, 698 00:34:36,360 --> 00:34:39,920 Speaker 1: I know, I'm I guess I emerged myself in Ferrace. 699 00:34:40,000 --> 00:34:41,719 Speaker 1: I only know Ferrari really well, I don't know the 700 00:34:41,760 --> 00:34:43,680 Speaker 1: others really well, so I would have to you know, 701 00:34:43,719 --> 00:34:45,840 Speaker 1: it would have to be a Ferrari for me, I 702 00:34:45,880 --> 00:34:48,360 Speaker 1: would say two cars I'm thinking right now off the 703 00:34:48,440 --> 00:34:51,640 Speaker 1: top of my head. One is the SP three. The 704 00:34:51,760 --> 00:34:54,440 Speaker 1: SP three, UH is because you know it's part of 705 00:34:54,440 --> 00:34:57,560 Speaker 1: the Ikona series, because people s P one, SB two 706 00:34:57,640 --> 00:35:00,440 Speaker 1: and then SP three and it's a MEET twelve naturally 707 00:35:00,520 --> 00:35:06,520 Speaker 1: aspirated mid engine UH, mid position engine UH, carbon fiber chassis. 708 00:35:07,440 --> 00:35:11,600 Speaker 1: And but the design of it looks so beautiful. 709 00:35:11,080 --> 00:35:13,719 Speaker 4: You know, and and and people right now, I would I. 710 00:35:13,640 --> 00:35:15,560 Speaker 1: Would think if you see the survey, most people would 711 00:35:15,560 --> 00:35:16,840 Speaker 1: say that's their favorite Ferrari. 712 00:35:17,239 --> 00:35:19,680 Speaker 4: Uh, that that Ferrari came out with. It's not the 713 00:35:19,680 --> 00:35:24,120 Speaker 4: fastest because it's not about being fast it's or highest performance, 714 00:35:24,120 --> 00:35:27,880 Speaker 4: but it's about the nostalgic and the nostalgic feeling of 715 00:35:28,440 --> 00:35:32,360 Speaker 4: the car, which which this SP three is UH. 716 00:35:32,440 --> 00:35:34,839 Speaker 1: And and so that I would say that one has 717 00:35:34,920 --> 00:35:38,480 Speaker 1: the biggest has a big impact on the generation today's 718 00:35:38,520 --> 00:35:42,719 Speaker 1: generation right now, uh and for Ferrari, and and so 719 00:35:42,880 --> 00:35:45,200 Speaker 1: what the other one would be the the F eighty, 720 00:35:45,239 --> 00:35:49,560 Speaker 1: which is the newest, the sixth supercar that for for 721 00:35:49,600 --> 00:35:51,080 Speaker 1: our maiden in the supercar family. 722 00:35:51,280 --> 00:35:53,760 Speaker 4: Now the supercar family for Ferrari, every. 723 00:35:53,520 --> 00:35:57,839 Speaker 1: Ten years they come out with the Ultra high performance 724 00:35:59,080 --> 00:36:04,680 Speaker 1: a car to kind of to celebrate their anniversary every 725 00:36:04,719 --> 00:36:08,560 Speaker 1: ten years. The six supercar F eighty is a car 726 00:36:08,640 --> 00:36:13,480 Speaker 1: that is believe or not now V six turbo with 727 00:36:13,640 --> 00:36:18,120 Speaker 1: electric engine hybrid combining together to give like twelve hundred 728 00:36:18,120 --> 00:36:23,520 Speaker 1: horsepower or something. The aerodynamic is really in place to 729 00:36:23,880 --> 00:36:28,080 Speaker 1: give it that the most the highest edge of performance. 730 00:36:29,200 --> 00:36:33,759 Speaker 1: The f the technology they use barring from F one 731 00:36:33,840 --> 00:36:37,760 Speaker 1: to to place in this road car is also really revolutionary. 732 00:36:38,719 --> 00:36:41,080 Speaker 1: It may not a lot of people look like the 733 00:36:41,120 --> 00:36:43,399 Speaker 1: prettiest cars, because a lot of times the most aerodynamic 734 00:36:43,440 --> 00:36:44,840 Speaker 1: cars are not the prettiest cars. 735 00:36:45,160 --> 00:36:48,640 Speaker 4: But it will perform to the crazy situation a lot 736 00:36:48,640 --> 00:36:48,919 Speaker 4: of people. 737 00:36:48,920 --> 00:36:51,080 Speaker 1: Well, it's not a V twelve or anything that the 738 00:36:51,120 --> 00:36:53,719 Speaker 1: new technology, the new engineer doesn't have to be V twelve. 739 00:36:53,960 --> 00:36:56,920 Speaker 1: It's a V six engine UH, and it's going to 740 00:36:56,920 --> 00:37:01,600 Speaker 1: produce so much horsepower and performance that and I think 741 00:37:01,640 --> 00:37:06,040 Speaker 1: it's gonna be the card that UH defines the generation 742 00:37:06,840 --> 00:37:08,399 Speaker 1: going forward. 743 00:37:08,400 --> 00:37:09,480 Speaker 3: What do you think about that? 744 00:37:09,600 --> 00:37:12,560 Speaker 5: What do you think about that progression from you know, 745 00:37:13,000 --> 00:37:17,960 Speaker 5: a beautiful design a V twelve with carbs, a gated 746 00:37:18,040 --> 00:37:21,600 Speaker 5: shifter too. Now we're at Ferrari just sells you like 747 00:37:21,680 --> 00:37:23,800 Speaker 5: a box of computer chips that drives itself. 748 00:37:23,840 --> 00:37:25,640 Speaker 3: Like it doesn't even have to be something you own. 749 00:37:25,719 --> 00:37:26,399 Speaker 4: It's an n FT. 750 00:37:26,640 --> 00:37:28,640 Speaker 5: It can be just like in the in the interwebs, 751 00:37:28,680 --> 00:37:32,360 Speaker 5: like how come, how come you're okay with them? 752 00:37:32,719 --> 00:37:35,200 Speaker 3: You know, getting away from the mechanical. 753 00:37:34,640 --> 00:37:38,839 Speaker 5: Intimacy and embracing just like technological supremacy. 754 00:37:39,560 --> 00:37:44,919 Speaker 1: Yeah, well, you know, I think Ferrari is is first 755 00:37:44,920 --> 00:37:47,120 Speaker 1: of all, the racing is very important to them, you know, 756 00:37:47,200 --> 00:37:49,360 Speaker 1: being the best in the in the fastest and the 757 00:37:49,400 --> 00:37:53,560 Speaker 1: highest performance I think, but they don't win. I know 758 00:37:53,600 --> 00:37:57,600 Speaker 1: that they make their best effort, but they're still short 759 00:37:57,600 --> 00:37:57,799 Speaker 1: of it. 760 00:37:57,840 --> 00:37:58,360 Speaker 4: And I like it. 761 00:37:59,520 --> 00:38:02,480 Speaker 1: Yeah, but but but I just I'm just saying that's 762 00:38:02,520 --> 00:38:04,640 Speaker 1: important to them, you know, that's important. And then it 763 00:38:04,719 --> 00:38:07,839 Speaker 1: filtering into the road cars that they want to make 764 00:38:07,880 --> 00:38:11,120 Speaker 1: it also high performance. And and so you know what 765 00:38:11,280 --> 00:38:13,560 Speaker 1: is that Where do they get the highest performance? You know, 766 00:38:13,600 --> 00:38:15,520 Speaker 1: it's the hybrid, it's the maybe it's even the all 767 00:38:15,560 --> 00:38:17,919 Speaker 1: electric right which you're you know, people are like, wow, 768 00:38:17,960 --> 00:38:20,480 Speaker 1: how can Ferrari be doing that? But that again, that's 769 00:38:20,520 --> 00:38:24,200 Speaker 1: why they came out with another line, this Iconas series, 770 00:38:24,200 --> 00:38:26,400 Speaker 1: which is the SB one, SB two and SB three, 771 00:38:27,000 --> 00:38:28,600 Speaker 1: and they're gonna come out with the SP four. 772 00:38:28,680 --> 00:38:31,920 Speaker 4: I heard it was. The rumors are saying it's kind. 773 00:38:31,760 --> 00:38:34,960 Speaker 1: Of a redo of the forty uh but with Gatas 774 00:38:35,600 --> 00:38:38,160 Speaker 1: bringing back the gated shifters, you know, manual drive and 775 00:38:38,239 --> 00:38:41,160 Speaker 1: again those yeah, those are not the fastest car, but 776 00:38:41,239 --> 00:38:43,440 Speaker 1: it's it's cars that we're going to enjoy driving. You know, 777 00:38:43,719 --> 00:38:45,440 Speaker 1: we don't want the fastest car right now. I mean, 778 00:38:45,480 --> 00:38:47,960 Speaker 1: Tesla is plenty fast, but I don't I don't. You know, 779 00:38:48,040 --> 00:38:50,520 Speaker 1: that's not a car that I like, right I want 780 00:38:50,520 --> 00:38:53,640 Speaker 1: to have more engagement and and with the car, which 781 00:38:53,640 --> 00:38:55,600 Speaker 1: is why I actually like the classic cars. I mean 782 00:38:55,640 --> 00:38:58,920 Speaker 1: the two VPG two. I like it because there's no computers. 783 00:38:59,000 --> 00:39:01,560 Speaker 1: It's all you drive me. It's all your technique. It's 784 00:39:01,560 --> 00:39:04,040 Speaker 1: a heel in toe because there's no syncro and the 785 00:39:04,160 --> 00:39:06,600 Speaker 1: and the shifting. All the gauges is important. You got 786 00:39:06,600 --> 00:39:08,919 Speaker 1: to watch all the gauges because if you know you're 787 00:39:09,080 --> 00:39:11,080 Speaker 1: if it overheats or something is too. 788 00:39:10,920 --> 00:39:13,040 Speaker 4: Hot, the car is gonna have a problem. 789 00:39:13,360 --> 00:39:15,560 Speaker 1: You have to watch all that and when you drive 790 00:39:15,640 --> 00:39:19,880 Speaker 1: that car on the track or anywhere, you, you're the pilot. 791 00:39:19,920 --> 00:39:22,560 Speaker 4: You have to be the one fully engaged to do that. 792 00:39:22,719 --> 00:39:26,680 Speaker 1: You know, there's no computer that's gonna make it semi 793 00:39:26,760 --> 00:39:29,560 Speaker 1: drivable for you, you know, And so I like that, and 794 00:39:29,640 --> 00:39:31,840 Speaker 1: so that that's and I think a lot of people 795 00:39:31,920 --> 00:39:33,800 Speaker 1: like that too, you know, uh, maybe not to the 796 00:39:33,840 --> 00:39:36,279 Speaker 1: extent that I do, but but they still want to 797 00:39:36,280 --> 00:39:38,319 Speaker 1: be able to control their car and not let it 798 00:39:38,320 --> 00:39:42,720 Speaker 1: be fully automatic. So but I think I think Ferrari 799 00:39:42,800 --> 00:39:46,240 Speaker 1: in today's you know, being a publicly held company, uh, 800 00:39:46,320 --> 00:39:49,000 Speaker 1: the pressures from the Wall Street and and and the 801 00:39:49,160 --> 00:39:52,319 Speaker 1: and the stockholders, they want to have more product, and 802 00:39:52,320 --> 00:39:54,759 Speaker 1: they are. They are definitely having more product to meet 803 00:39:54,800 --> 00:39:57,520 Speaker 1: more of the various demands of the people. It's people 804 00:39:57,520 --> 00:40:01,000 Speaker 1: that want electric cars, people that okay, well hybrid people 805 00:40:01,080 --> 00:40:03,200 Speaker 1: that want But but you do see in the auctions 806 00:40:03,200 --> 00:40:05,960 Speaker 1: a lot of the cars have gone up in price. 807 00:40:06,080 --> 00:40:07,920 Speaker 1: You know, I knew the four fifty eight was always 808 00:40:07,960 --> 00:40:12,319 Speaker 1: gonna go up, the four thirty stood area, the three 809 00:40:12,400 --> 00:40:14,959 Speaker 1: sixty challenge cars, a lot of those cars have gone 810 00:40:15,000 --> 00:40:19,200 Speaker 1: up because because there's still not you know, not the 811 00:40:19,600 --> 00:40:22,680 Speaker 1: hybrid or or with the computers and everything, there's still 812 00:40:23,480 --> 00:40:26,840 Speaker 1: have a lot of uh, uh, you know, just just 813 00:40:26,840 --> 00:40:29,360 Speaker 1: just a visual feeling to it. And so those prices 814 00:40:29,560 --> 00:40:32,800 Speaker 1: of those cars are going up because of that reason. 815 00:40:32,880 --> 00:40:34,719 Speaker 4: So I think you're going to continue to see that. 816 00:40:36,360 --> 00:40:38,200 Speaker 4: But but yeah, I. 817 00:40:38,120 --> 00:40:41,840 Speaker 1: Mean it's it's they're trying to obviously reach more of 818 00:40:41,880 --> 00:40:44,640 Speaker 1: the masses of the various people's vikings. 819 00:40:45,120 --> 00:40:47,880 Speaker 5: Do you think they'll come back with like I figured, 820 00:40:47,920 --> 00:40:50,319 Speaker 5: Aroma or in a Malfi would be a perfect car 821 00:40:50,520 --> 00:40:54,120 Speaker 5: to put a gated shifter back in for the masses. 822 00:40:54,160 --> 00:40:55,920 Speaker 5: And I say that in their quotes because obviously not 823 00:40:56,040 --> 00:40:58,239 Speaker 5: everybody can afford two or three hundred thousand dollars car, 824 00:40:58,280 --> 00:41:01,960 Speaker 5: but I would, I would like some access, not just 825 00:41:02,000 --> 00:41:05,360 Speaker 5: the Ikona series. But you know, they're their daily driver 826 00:41:05,400 --> 00:41:07,920 Speaker 5: should be for the three pedals right right right. You know. 827 00:41:08,040 --> 00:41:09,840 Speaker 4: The thing is, matt As you know, a lot of 828 00:41:09,840 --> 00:41:10,880 Speaker 4: young people they don't even know. 829 00:41:10,880 --> 00:41:13,640 Speaker 1: How to drive stick shift right now, manual, manual transmission. 830 00:41:14,040 --> 00:41:16,640 Speaker 4: So I don't know if that represents the mass right now? 831 00:41:17,040 --> 00:41:19,239 Speaker 4: Uh and uh and and believe it or not, a 832 00:41:19,280 --> 00:41:20,320 Speaker 4: lot of a lot of young people. 833 00:41:20,400 --> 00:41:22,200 Speaker 1: I mean, I know for my kids, they don't even 834 00:41:22,239 --> 00:41:23,960 Speaker 1: like to drive, you know, they just call it uber 835 00:41:24,000 --> 00:41:25,279 Speaker 1: and that's like you know, they just want to go 836 00:41:25,320 --> 00:41:25,880 Speaker 1: from A to B. 837 00:41:26,239 --> 00:41:29,080 Speaker 4: What's the fastest. They don't have to worry about it. Uh, 838 00:41:29,120 --> 00:41:31,200 Speaker 4: they don't even know how to like like like I. 839 00:41:31,120 --> 00:41:33,520 Speaker 1: Mean, it depends so much on the GPS, you know, 840 00:41:33,560 --> 00:41:35,640 Speaker 1: to tell them how to go somewhere, you know, Like 841 00:41:35,719 --> 00:41:37,640 Speaker 1: they don't know how to do it themselves. Without GPS, 842 00:41:37,719 --> 00:41:40,279 Speaker 1: they're how to go anywhere, you know, and and and 843 00:41:40,320 --> 00:41:42,959 Speaker 1: so it's a different mentality of how they are. 844 00:41:43,640 --> 00:41:45,560 Speaker 4: So I think it's a it's a certain market that 845 00:41:45,680 --> 00:41:47,960 Speaker 4: likes the manual drive like you and I do the 846 00:41:48,000 --> 00:41:51,239 Speaker 4: stick shift and stuff, and and I think that's why. 847 00:41:51,800 --> 00:41:55,120 Speaker 1: Unfortunately, as I heard, they're not gonna they're not gonna 848 00:41:55,520 --> 00:41:59,560 Speaker 1: offer that to like Porsche that do offer which is cool, 849 00:41:59,560 --> 00:42:03,680 Speaker 1: but Flory, I'm going to offer those in their regular 850 00:42:03,680 --> 00:42:06,880 Speaker 1: production cars. And they are just they're like doing us 851 00:42:06,880 --> 00:42:08,640 Speaker 1: a favor to give it, give it to us in 852 00:42:08,719 --> 00:42:09,240 Speaker 1: the Counta. 853 00:42:09,320 --> 00:42:14,879 Speaker 2: They're telling us we should be grateful. Well, David Lee, 854 00:42:14,920 --> 00:42:18,840 Speaker 2: thank you so much for your time. We are thrilled 855 00:42:18,840 --> 00:42:21,240 Speaker 2: to have you here. Please come back and educate us more. 856 00:42:21,520 --> 00:42:22,120 Speaker 2: We need it. 857 00:42:22,239 --> 00:42:24,200 Speaker 4: Well, sure, anytime, anytime. I love you. 858 00:42:24,280 --> 00:42:25,560 Speaker 3: I really appreciate it as well. 859 00:42:25,600 --> 00:42:26,439 Speaker 4: Thank you so much. 860 00:42:27,320 --> 00:42:29,960 Speaker 2: That does it. For this week's show, Remember to follow 861 00:42:30,040 --> 00:42:34,400 Speaker 2: and subscribe to Hot Pursuit on Apples, Spotify, and anywhere 862 00:42:34,440 --> 00:42:37,360 Speaker 2: else you listen. You can also send us your comments 863 00:42:37,400 --> 00:42:41,800 Speaker 2: by emailing us at Hot Pursuit at bloomberg dot net. 864 00:42:42,440 --> 00:42:44,600 Speaker 2: And you can check out my columns and stories on 865 00:42:44,640 --> 00:42:48,000 Speaker 2: bloomberg dot com and the Bloomberg Business app. Go there 866 00:42:48,080 --> 00:42:51,200 Speaker 2: for car reviews, events and stories that you won't find 867 00:42:51,400 --> 00:42:56,200 Speaker 2: anywhere else. Find it all at Bloomberg dot com, slash Pursuits, 868 00:42:56,400 --> 00:43:00,239 Speaker 2: slash Autos. I'm Hannah Elliott along with Matt Miller. We'll 869 00:43:00,239 --> 00:43:02,560 Speaker 2: be back in your podcast feed again next week. 870 00:43:08,239 --> 00:43:08,680 Speaker 1: MHM