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Speaker 1: I'm Matt Miller and I'm Hannah Elliott and this is

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Speaker 1: Hot for.

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Speaker 2: Suit, all right, So this is a pretty special edition

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Speaker 2: because you are at Monterey Car Week, Carmel, California, Pebble Beach.

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Speaker 2: They're like so many places, but it's all the same thing.

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Speaker 1: Yeah, it's really confusing. Someone was asking me, so, where

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Speaker 1: actually is it because people use a bunch of different

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Speaker 1: words to describe the same thing. But I'm physically in uh, Monterey, California,

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Speaker 1: which is basically Carmel, which is basically Pebble Beach.

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Speaker 2: And you know, when we were young reporters, the Detroit

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Speaker 2: Car Show was the main event, and or maybe Paris

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Speaker 2: and Geneva for you, but those car shows are no

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Speaker 2: longer a draw like at all, right, and this has

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Speaker 2: become the most important event, even for new cars.

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Speaker 1: It's really interesting this So I was trying to think,

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Speaker 1: I think this is my fifteenth year coming to Pebble Beach,

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Speaker 1: to the Concord delegons into this whole week which has

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Speaker 1: turned into a week of car things. And yeah, it's

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Speaker 1: like I would say, since twenty seventeen, twenty sixteen, twenty seventeen,

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Speaker 1: twenty eighteen, the news cycle surrounding Pebble Beach is like

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Speaker 1: a car show, and especially since the coronavirus pandemic, when

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Speaker 1: you know, no one could travel, and sort of everyone realized, well,

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Speaker 1: we don't have to adhere to any sort of automotive

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Speaker 1: car calendar schedule. We can put things out whenever we want.

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Speaker 1: Pebble Beach and the events around it, Monterey Carweek has

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Speaker 1: just become sort of the headlining car show for lack

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Speaker 1: of a better word, for new cars, for concepts, for hypercars,

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Speaker 1: for BMW's, for Portia's you know, if there's you know.

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Speaker 1: And the funny thing is all of the car executives

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Speaker 1: come here. Now. They may not go to every automotive

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Speaker 1: show that we I mean, I guess we kind of

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Speaker 1: have the La Auto Show still, they don't even come

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Speaker 1: to that, but they all want to come to Pebble

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Speaker 1: Beach and to mono a car Week in August because

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Speaker 1: it's a really nice place to be. It certainly beats

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Speaker 1: sitting in the back of a you know, boardroom and

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Speaker 1: a convention hall under those fluorescent lights. But also the

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Speaker 1: whole vibe has completely changed from just old cars, and

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Speaker 1: there are lots of those, of course, and the auctions,

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Speaker 1: but we've got a lot of new stuff too, So

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Speaker 1: it's it's really fun, it's it's really intense. You kind

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Speaker 1: of got to pick where you want to be and

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Speaker 1: stick to it, all right, So let's.

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Speaker 2: Let's pick that apart a little bit and talk about

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Speaker 2: the events. I want to hear about the auctions and

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Speaker 2: the Concord elegance, but first the the new vehicles. You know,

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Speaker 2: I remember when you were there last year. I think

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Speaker 2: Lamborghini was showing the Lanzador and.

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Speaker 1: What uh maybe a Revelt overview as a reveal as well,

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Speaker 1: or no, I that might have been.

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Speaker 2: I don't recall that there, but I know that you've

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Speaker 2: driven that car now and I want to hear a

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Speaker 2: little bit about that. And I remember there were also

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Speaker 2: some normal car brands, like Infinity was showing, you know,

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Speaker 2: a new vehicle last year totally.

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Speaker 1: Well, this year, Infinity is showing their new generation, next

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Speaker 1: generation QX eighty, Lincoln is showing the new navigator. You know,

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Speaker 1: Accurate is showing a very exciting concept electric vehicle. So

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Speaker 1: you know, it's really interesting and it really is a mix.

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Speaker 1: It's not just hypercars. Of course, those are what make

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Speaker 1: the headlines, but you know Cadillacs here. I don't know

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Speaker 1: about Ford. I'd have to check on that, but yeah,

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Speaker 1: it really is a range and I like that, you know,

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Speaker 1: more and more, it's it doesn't have to be. Some

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Speaker 1: of the events are expensive, but some of them are free,

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Speaker 1: and if you're in the area at all, you're going

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Speaker 1: to see a bunch of things for free. The access

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Speaker 1: is actually pretty great.

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Speaker 2: Do you get to drive multiple different vehicles or you

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Speaker 2: just you know, does Lamborghini give you the Revuelto and

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Speaker 2: that's your ride for the week.

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Speaker 1: You know, I'm very grateful for this week because I

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Speaker 1: do get to drive a number of things. I drove

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Speaker 1: the Rabwelto up here from Los Angeles yesterday, which this

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Speaker 1: is the hybrid Lamborghini. It's the starting price is over

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Speaker 1: six hundred thousand dollars and my goodness, it's a wild,

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Speaker 1: wild car. Let me tell you.

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Speaker 2: It's the advent of door successor, right, So it is

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Speaker 2: their flagship V twelve just has an electric motor as well,

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Speaker 2: and it costs a lot more than the eventa or

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Speaker 2: did just to start.

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Speaker 1: Yes, and it's really interesting because Lamborghini here is going

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Speaker 1: to be unveiling the Hurricane Successor which will also be

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Speaker 1: a hybrid, and they're showing their hybrid ars, so this

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Speaker 1: is basically Lamborghini saying, you know, we're going all in

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Speaker 1: all hybrid. We are not doing EVS, They're sticking with

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Speaker 1: the hybrid thing. And so I was really curious about

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Speaker 1: the Roguelto and it's really interesting. I have to say,

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Speaker 1: even this morning, I drove it up to a breakfast

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Speaker 1: sort of up at a ranch, and I love the

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Speaker 1: fact that you can turn out that car and drive

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Speaker 1: it out of a parking lot and not wake anybody up.

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Speaker 1: I mean, because it's in electric mode. So the whole

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Speaker 1: of course with Lamborghini is you know, they're so loud.

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Speaker 1: The engines are just really really roaring and poppy and

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Speaker 1: crunchy and all of the things that we love. But

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Speaker 1: it's kind of cool to have one that you can

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Speaker 1: have this stealth mode so that you can pull out

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Speaker 1: of a parking lot in the early morning, in the

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Speaker 1: fog and no one's gonna hear, and no one's going

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Speaker 1: to know. I actually really liked that. I thought that

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Speaker 1: was very cool.

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Speaker 2: I feel like it's fair to expect.

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Speaker 1: Yeah, yeah, I have to say, this morning, on the

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Speaker 1: way back from that, I filled it up for the

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Speaker 1: fourth time already, so the fuel efficiency is not one

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Speaker 1: of the high points on it. And I got the

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Speaker 1: car yesterday and we're on our fourth tank, so fuel

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Speaker 1: efficiency is not great in that car, but it certainly

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Speaker 1: is really fun to drive. And then on the way back,

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Speaker 1: I'll just be driving the Ferrari sub the Pro Song

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Speaker 1: that a seem discussed. Oh but here's why I'm excited

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Speaker 1: about that, actually, because the Rivelto does not have very

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Speaker 1: much luggage space, and so it really was a challenge

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Speaker 1: to fit clothing and hats and boots and coats for

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Speaker 1: a week into that car. Now I did pull it off,

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Speaker 1: but the Pro Song will at least will have a

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Speaker 1: little bit more room.

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Speaker 2: So you and Magnus and all your stuff, or did

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Speaker 2: you take two cars?

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Speaker 1: Yeah? Well, actually I have to tell you Magnus is

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Speaker 1: showing a car at the Quail and it's his nine

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Speaker 1: point thirty Turbo and that car was shipped ahead of time,

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Speaker 1: and we actually put his luggage in that car. So

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Speaker 1: that's how we made it work because it was actually

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Speaker 1: only my luggage on the way up and his luggage

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Speaker 1: was in his car that we retrieved once we arrived.

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Speaker 1: So it did help to have that car.

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Speaker 2: I want to get to that. I want to get

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Speaker 2: to that in a second. But I know that you

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Speaker 2: have already been pulled over by the police. I don't

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Speaker 2: know any of the details of this story, so I'm

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Speaker 2: excited to hear. But I know like airplanes and helicopters

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Speaker 2: are involved. I saw Magnus sent me a picture, texted

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Speaker 2: me a picture of like the police in the year.

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Speaker 1: All right, well, here's what happened. We you know, we

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Speaker 1: leave la uh and I'm being careful and I'm going

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Speaker 1: I'm I've made this drive, not fifteen years, because I've

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Speaker 1: done other things, but you know, I've made the drive

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Speaker 1: many times, and I have been pulled over before. And intellectually,

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Speaker 1: I know the guys are out this week. They've got

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Speaker 1: their quotas to make, They've got their budgets to make.

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Speaker 1: The guys, the chippys are out and they're gonna be

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Speaker 1: on the hunt. I know this, And I even say

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Speaker 1: to Magnus, I'm not going over ninety. I don't care

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Speaker 1: who's passing me trying to get this. You know, it's

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Speaker 1: an expensive, very flashy Lamborghini.

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Speaker 2: I said, you want to right everybody?

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Speaker 1: Yeah, completely They're all all around the car taking photos,

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Speaker 1: and I said to them, I'm not going over ninety

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Speaker 1: I said it, and you know I was. I was

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Speaker 1: cruising it, you know, less than ninety, being passed considerably.

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Speaker 1: And then I discover accidentally that under the hybrid drive

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Speaker 1: mode on the Rivelto, it limits you to ninety three

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Speaker 1: miles per hour. That's just in a certain drive mode.

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Speaker 1: You can switch out of that drive mode and obviously

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Speaker 1: go quite a bit faster, but the drive mode I

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Speaker 1: was in, I actually I found out, Oh I'm flooring

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Speaker 1: it right now and I'm only going ninety three because

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Speaker 1: it's electronically limiting me. So of course I switch out

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Speaker 1: of that mode because who likes to be hamped? No

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Speaker 1: one wants to have it nanny, Oh, you can't put

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Speaker 1: a saddle on a Mustang. So I just switch out

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Speaker 1: of that mode without you know, thinking about it. And

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Speaker 1: you know, the car feels great. And I have to say,

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Speaker 1: this is one of those cars that the faster you go,

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Speaker 1: the better it feels. And you know, we took the

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Speaker 1: highway one up to up to Monterey is closed. It's

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Speaker 1: it's under repair. So we're inland. We're taking the inland

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Speaker 1: straight shot up. It's like three hundred and twenty miles.

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Speaker 1: It's through one hundred mile a one hundred, one hundred

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Speaker 1: degree temperatures. It's really hot. But it's just a flat,

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Speaker 1: big open highway. It's a divided highway, so you just

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Speaker 1: have three lanes, big, flat, wide open, and the car's

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Speaker 1: just feeling so great, and you know, we're talking about

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Speaker 1: Alex Roy and how incredible it was that he made

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Speaker 1: his cannonball run across the country, and you know, of course,

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Speaker 1: it's like I'm driving and I'm like, wow, he really

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Speaker 1: maintained the speed and he did it, and you know,

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Speaker 1: it's in the back of my head, and you know,

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Speaker 1: we stop for lunch and everything's great, and you know,

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Speaker 1: we get back in the car. We stop in Pasa

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Speaker 1: Robles and which is about one hundred and twenty miles

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Speaker 1: away from an Array, and we map it the rest

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Speaker 1: of the way, and Magnus at one point goes, oh,

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Speaker 1: you're making really good time. You've cut off, you know,

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Speaker 1: two or three minutes from our estimated arrival time.

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Speaker 2: It's a challenge.

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Speaker 1: I'm not blaming that on him. That's not his fault.

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Speaker 1: I was the one driving. I take full responsibility, but

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Speaker 1: that was in the back of my head and the

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Speaker 1: cars just feeling great. Before I know it, there's someone

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Speaker 1: behind me with a loud siren and some lights going

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Speaker 1: and you know, I didn't even see him. And I'm

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Speaker 1: not going to say how fast.

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Speaker 2: I was going, just to paint a better picture. You're

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Speaker 2: in like a flat black like a flying saucer. Essentially,

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Speaker 2: is what this thing looks looks like?

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Speaker 1: Yes, it's it looks like and it's like a bat.

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Speaker 1: It literally looks like a bat. It's it's like an

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Speaker 1: event to door, all blacked out, but even lower and

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Speaker 1: more aggressive. And I didn't even I literally didn't even

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Speaker 1: see and he pulled, you know, license and registration and

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Speaker 1: uh Magnus actually said how did you clock the speed?

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Speaker 1: And the cop said, well, I visually estimated your speed

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Speaker 1: and then I got you on the radar at something

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Speaker 1: different and he had been going in on the opposite

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Speaker 1: direction and he came up behind me. He flipped around,

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Speaker 1: he did a U turn, flipped around, and then got

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Speaker 1: or oh he was in some charger challengers style. Yeah,

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Speaker 1: so you know, I said, hey, it's a press car

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Speaker 1: because I knew he was going to check the license

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Speaker 1: and registration. He goes, I know, I know I could

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Speaker 1: see from the plate, so he's well aware of what's

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Speaker 1: going on. Nice enough guy, and he basically just said, uh, well,

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Speaker 1: I'm going to write you up for this speed. If

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Speaker 1: it was a mile higher, the consequences would have been

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Speaker 1: quite a bit worse. But you know, I said, thank

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Speaker 1: you very much, officer. Of course, will be very careful.

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Speaker 1: I'll let all my friends know that you and your

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Speaker 1: fellow law enforcement officials are out today. And it's this

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Speaker 1: sounds bad, but there was nothing reckless about it. You know,

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Speaker 1: it's wide open road. I just didn't see him. And

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Speaker 1: there's a speed.

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Speaker 2: Limit there, right, because I know in a lot of

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Speaker 2: the west there is.

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Speaker 1: Yeah, the speed limit. The posted speed limit was seventy

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Speaker 1: So yeah, so that happened. And he did say, oh,

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Speaker 1: by the way, you know, we've got I think he said,

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Speaker 1: two helicopters and three planes. There was three planes and

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Speaker 1: or three helicopters and two planes up this week monitoring.

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Speaker 1: So and you know, this was in King King City,

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Speaker 1: near King City, so they're pretty well known for pulling

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Speaker 1: people over.

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Speaker 2: I don't know why the law enforcement, though, wants to

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Speaker 2: do full court press when they know that there's gonna

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Speaker 2: be a lot of people and flashy cars that want

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Speaker 2: to test them out. It's a fun week, you know, you'y.

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Speaker 1: And you know it was not reckless driving. It was I.

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Speaker 2: Totally understand you're on an open highway, three lanes, no track.

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Speaker 1: I was not changing lanes. I was just going bombing

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Speaker 1: straight down the middle, So you know, I understandably, I

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Speaker 1: of course I respect law enforcement, but I blame it

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Speaker 1: on the car because that car is unbelievable and I

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Speaker 1: was just cruising. I was actually genuinely surprised when I

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Speaker 1: heard them behind me. It just feels so comfortable and easy.

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Speaker 1: It just feels like you're cruising. And I've been, you know,

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Speaker 1: on tracks before. There was no effort at all involved

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Speaker 1: in hitting that type of speed. So my point is,

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Speaker 1: if you do find yourself lucky enough to buy this

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Speaker 1: wonderful machine, you should probably add a line item in

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Speaker 1: your budget for tickets because it's just too easy to

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Speaker 1: drive really quickly.

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Speaker 2: So I have learned over the past few years that

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Speaker 2: in America, you know, when you get a speeding ticket,

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Speaker 2: you get you had the fine, but you also have

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Speaker 2: the points, and if you can afford the fine, then

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Speaker 2: it's the points that really annoy you because you're in

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Speaker 2: danger of losing your license, which for you is kind

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Speaker 2: of like losing your livelihood. So and for me too.

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Speaker 2: So what I do is I always find local lawyers

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Speaker 2: who are sort of friends of the bar, right. And

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Speaker 2: if you get a local lawyer, usually for depending where

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Speaker 2: you are, two for six hundred dollars, they essentially get

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Speaker 2: you a fine only no points. I think Matt Ferro

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Speaker 2: on his podcast like it's sponsored by one of those things.

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Speaker 2: So do you go and find a lawyer straight away?

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Speaker 1: I haven't been able to do that quite yet. Currently,

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Speaker 1: knock on wood, I don't have any points on my

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Speaker 1: California license, so I would like to keep it that way.

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Speaker 1: And yes, I will be exploring that. I'm pretty it's

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Speaker 1: just so funny because I am I'm not a fast

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Speaker 1: driver necessarily. It's a job hazard and you know, I

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Speaker 1: have to test the car to its abilities, you know,

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Speaker 1: I have to test the car to its fullest extent.

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Speaker 1: So this is in the line of duty.

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Speaker 2: Well, you've taken one for the team. We really appreciate it, Hannah.

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Speaker 2: Thank you all right. So that's awesome and I can't

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Speaker 2: wait to see the car. I really haven't besides on

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Speaker 2: the internet, I haven't really seen it. So you'll you'll

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Speaker 2: drive the Ferrari suv back, which also has a twelve

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Speaker 2: cylinder motor. And yes, and it is also going to

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Speaker 2: be pretty easy in terms of the acceleration and top speed,

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Speaker 2: but you'll be.

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Speaker 1: More careful the rest of the way to Mono Ray.

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Speaker 1: I think I drove sixty three to sixty five miles

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Speaker 1: an hour, which is basically limp mode in a Lamborghini.

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Speaker 1: I mean I was literally people were looking at me

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Speaker 1: like are you okay? I mean I was under sixty

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Speaker 1: five for sure. So on the way back I will

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Speaker 1: be extremely slow, unfortunately. But Oh, what I was going

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Speaker 1: to say is, you know, there is something to be

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Speaker 1: said for driving these slow old cars like these rolls royces.

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Speaker 1: I drive at home because you can't drive fast if

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Speaker 1: you want to. It's really true. There is something for

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Speaker 1: everyone here, you know, if you like muscle cars, if

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Speaker 1: you like corvettes. I don't know about the truck and

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Speaker 1: the band culture. Yeah, I haven't seen too many trucks

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Speaker 1: and vans yet, but you never know. There's just something

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Speaker 1: for everyone. Oh, on the way up to and this

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Speaker 1: was really cool cool. We saw it looked like a

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Speaker 1: model T. But we saw these two dudes on the

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Speaker 1: highway going about fifty in what looked like some sort

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Speaker 1: of model T car, obviously on their way up here,

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Speaker 1: just enjoying life, not getting tickets. It looked great. So

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Speaker 1: there really, yeah, there really is something for everyone. And

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Speaker 1: I definitely think, you know, for the people who find

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Speaker 1: their way here, you make friends so fast with like

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Speaker 1: minded individuals and you kind of never know what you're

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Speaker 1: going to end up being able to drive. You know,

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Speaker 1: if you're just kind of a friendly, chatty person. I mean,

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Speaker 1: you would kill Matt up here because everyone wants to

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Speaker 1: show their car, share their car, talk about their car.

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Speaker 1: It really is a really nice thing. And we were

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Speaker 1: at a dinner last night, and you know, Sir Michael Kadori,

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Speaker 1: who owns the Quail and Peninsula hotels in Hong Kong

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Speaker 1: and around Asia, he gave this really nice toast about how,

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Speaker 1: you know, in a moment where it seems that there

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Speaker 1: are a lot of divisions in the world and especially

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Speaker 1: in the US right now, it's nice to have a

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Speaker 1: week where you feel that you can connect with all

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Speaker 1: different types of people around the love of a car

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Speaker 1: and they're around the love of motorsport. And he did

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Speaker 1: have a really nice point. You know, it's it's certainly

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Speaker 1: a privileged place to be in, but in a way

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Speaker 1: it is very equalizing because the cars really are a

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Speaker 1: common bond.

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Speaker 2: I would say, forgive my ignorance. But the Quail is

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Speaker 2: that a resort or what is that?

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Speaker 1: The Quail is a golf club also very close to Carmel,

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Speaker 1: and it's it's also a car show. So on Friday,

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Speaker 1: a lot of the new car debuts are happening at

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Speaker 1: a car show called the Quail, which is you know,

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Speaker 1: the Pebble Beach Car Show is Sunday, that's only old cars.

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Speaker 1: That's just basically a beauty contest for cars. The Quail,

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Speaker 1: which is another car show that's happening on Friday. That's

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Speaker 1: where all the new car debuts happen, and that is

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Speaker 1: on the grounds of the Quail hotel and lodge and

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Speaker 1: golf course.

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Speaker 2: You know, it's weird the so that's cool and good

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Speaker 2: to know, thank you. The sl is the Mercedes sports car.

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Speaker 2: I think the gull wing was probably the first iteration

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Speaker 2: of it, right, that's so famous. Everyone knows that one

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Speaker 2: and now I just test drove the AMG sixty three

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Speaker 2: that the new convertible version, but of SL stands for

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Speaker 2: sport Leicht, so it's a small sports car. And so

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Speaker 2: it's weird that my Bock. Why would there be a

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Speaker 2: my Boch version of the sport Leiched Doesn't it seem strange?

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Speaker 1: It's a great question, Matt Miller. I think because there's

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Speaker 1: money to be made. Yeah, you know, no, I mean

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Speaker 1: I'm laughing because you're asking the obvious question, which is

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Speaker 1: so true. And this my Boch SL is actually heavier

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Speaker 1: than the AMG SL because it has more systems to

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Speaker 1: make it a bit of a soft to ride, a

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Speaker 1: more comfortable ride. But obviously Mercedes has brought back the

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Speaker 1: my Box brand and it's been a little bit spotty,

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Speaker 1: you know, remember like the my Box from the early

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Speaker 1: two thousands that like jay Z and Conehatan. So it's

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Speaker 1: been a little bit spotty. But I think they might

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Speaker 1: have hit their stride now, like remember the Virgil Ablow

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Speaker 1: concepts that came out, and my Box is basically potential

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Speaker 1: to have very wealthy people create very outrageous designs on

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Speaker 1: their car. So this this SL, as you rightfully point out,

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Speaker 1: I think it's all about these crazy design and aesthetics.

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Speaker 1: Like this car in particular, it's got a black hood.

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Speaker 1: It only comes with a white interior only, which has

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Speaker 1: this floral stitching on the seats. There are my Bock

368
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Speaker 1: logos just printed everywhere on the car. It's just an

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Speaker 1: opportunity for people to spend money on making something that

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Speaker 1: feels rare and exclusive by they.

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Speaker 2: Speaking of heavy sports cars, I spent the last week

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Speaker 2: in the Jaguar F Type R, which is a car

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Speaker 2: I don't think they've changed the design for like a decade,

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Speaker 2: right either. I don't even think they updated the interior,

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Speaker 2: even though they've updated the interior of the F Pace.

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Speaker 2: But I found after a while it is you know,

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Speaker 2: it's a heavy convertible. It's more of a grand tour

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Speaker 2: than a sports car. I really liked it. And it's

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Speaker 2: all about that old supercharged five liter motor. Yeah, they

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Speaker 2: just don't need to change anything.

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Speaker 1: I remember really liking that car when it came out

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Speaker 1: and thinking it was a lot of car for the

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Speaker 1: money and really nice value and really a pretty car.

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Speaker 1: And yeah, you're right, it's like what's going on a Jaguar.

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Speaker 1: I mean, let's see something new land Rover this year

386
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Speaker 1: at Pebble Beach. Actually land Rover is showing a new

387
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Speaker 1: version of something that already exists, and then the Queen's Defenders,

388
00:22:59,359 --> 00:23:03,960
Speaker 1: but there's nothing from Jag and it. And to your point,

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Speaker 1: I think the F type is a great car and

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Speaker 1: it would be nice to see more.

391
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Speaker 2: Yeah, I think they could do more with it. But

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Speaker 2: I just thought, I mean, I guess it's it's a

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Speaker 2: better price point than in Aston Martin, so compared to

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Speaker 2: like the dB twelve that we drove, I think it's

395
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Speaker 2: just so much better value for money. But it does

396
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Speaker 2: beg the question like what happened to that brand? What?

397
00:23:27,080 --> 00:23:30,919
Speaker 2: What are they doing? Is it gonna shut down? Are

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Speaker 2: they going to sell it?

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Speaker 1: You know, when I when I reach out, as I

400
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Speaker 1: recently did going into this show and said, you know,

401
00:23:37,520 --> 00:23:39,879
Speaker 1: what's going on with both brands, I just get an

402
00:23:39,920 --> 00:23:43,840
Speaker 1: answer for for land Rover, for Jail for land JLR

403
00:23:43,960 --> 00:23:47,000
Speaker 1: is basically now land Rover. So I don't I don't know.

404
00:23:47,080 --> 00:23:52,200
Speaker 1: It's it's it's weird, you know, It's like when brands

405
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Speaker 1: go away, like we were talking about Dodge the other week.

406
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Speaker 1: You know, it's it's weird when a brand that has

407
00:23:59,119 --> 00:24:01,679
Speaker 1: so much awareness behind it and a lot of history,

408
00:24:02,040 --> 00:24:04,960
Speaker 1: history and heritage kind of goes dormant.

409
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Speaker 2: Now Dodge does have finally the new charger out the

410
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Speaker 2: electric muscle car. Maybe you'll see that.

411
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Speaker 1: Actually is that actually out?

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Speaker 2: It's actually it's actually out. They've they've been showing it,

413
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Speaker 2: they've been driving it. I think the straight pipes, I know,

414
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Speaker 2: the straight pipes have have been behind the wheel. I

415
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Speaker 2: love those Canadian you know YouTubers. And maybe you'll see

416
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Speaker 2: it at the Quail on Friday. Is there anything else

417
00:24:29,400 --> 00:24:32,359
Speaker 2: at the Quail that you're excited to see? Or do

418
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Speaker 2: we move on to the Queen's land Rover, m any

419
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Speaker 2: other new car releases or I saw like Spike Ferriston

420
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Speaker 2: posted a picture of some strange looking Porsche at the Lax,

421
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Speaker 2: but I think it was like a Tuthill sort of

422
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Speaker 2: massage version.

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Speaker 1: But well, speaking of Porsche, Porsche's gonna show there a

424
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Speaker 1: nine to eleven fiftieth year anniversary version, and I don't

425
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Speaker 1: really know any more details than this. We're recording before

426
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Speaker 1: the car debut, so it's they're going to make nineteen

427
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Speaker 1: hundred and seventy four of them, which of course is

428
00:25:10,000 --> 00:25:14,159
Speaker 1: the fifty year anniversary, but it's some turbo fifty year

429
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Speaker 1: anniversary version.

430
00:25:15,840 --> 00:25:18,360
Speaker 2: Ah well, isn't that the nine thirty. Isn't that why

431
00:25:18,400 --> 00:25:19,960
Speaker 2: Magnus has the nine thirty there?

432
00:25:20,800 --> 00:25:23,960
Speaker 1: Yeah, yes, but that's that's unrelated to the debut. I

433
00:25:24,000 --> 00:25:26,080
Speaker 1: mean it's fifty years. So yeah, there's a lot of

434
00:25:26,119 --> 00:25:29,520
Speaker 1: like celebration around the nine thirty. But Porsche specifically is

435
00:25:29,560 --> 00:25:33,560
Speaker 1: bringing out some new special version of their modern nine

436
00:25:33,600 --> 00:25:39,399
Speaker 1: to eleven to celebrate that. Also, you know, Roof is

437
00:25:39,440 --> 00:25:42,440
Speaker 1: going to be showing. I think they're calling it the

438
00:25:42,520 --> 00:25:46,200
Speaker 1: Roof Rodeo, which is an off road sort of stylized

439
00:25:46,320 --> 00:25:51,480
Speaker 1: version of their take on a Porsche car, and the

440
00:25:51,520 --> 00:25:55,720
Speaker 1: interiors are sort of inspired by Ralph Laurenbrel, sort of

441
00:25:55,760 --> 00:25:58,639
Speaker 1: a Western look. So I'm actually excited to see what

442
00:25:58,680 --> 00:26:01,080
Speaker 1: that looks like in real laughing, I haven't seen that.

443
00:26:01,720 --> 00:26:03,239
Speaker 2: I hear so many. By the way, I grew up

444
00:26:03,280 --> 00:26:06,439
Speaker 2: reading about the Roof nine to eleven, and I thought,

445
00:26:06,560 --> 00:26:08,560
Speaker 2: as a kid with the Road and Track magazine that

446
00:26:08,560 --> 00:26:12,560
Speaker 2: it was rough. That was before I moved to Germany.

447
00:26:12,960 --> 00:26:17,480
Speaker 2: But double RL, I will say, as just in aside, Well,

448
00:26:17,520 --> 00:26:21,760
Speaker 2: they nail the look, but they totally flunk the quality,

449
00:26:22,320 --> 00:26:25,679
Speaker 2: so they have the look of like American traditional workwear

450
00:26:25,760 --> 00:26:28,920
Speaker 2: with the Japanese do right. The Japanese like the real

451
00:26:29,000 --> 00:26:32,880
Speaker 2: McCoy and Toys, McCoy's and all those guys. They do

452
00:26:33,200 --> 00:26:36,399
Speaker 2: a great job of it, and Double RL gets the

453
00:26:36,440 --> 00:26:40,600
Speaker 2: look right, but the quality is just horrendous for the price.

454
00:26:41,280 --> 00:26:45,800
Speaker 1: Are you speaking specifically about their leather jackets, because I

455
00:26:45,840 --> 00:26:47,440
Speaker 1: know you're quite leather.

456
00:26:47,280 --> 00:26:54,800
Speaker 2: Jackets, the jeans, the shirts, everything. You know, it's a

457
00:26:54,840 --> 00:26:58,440
Speaker 2: whole kind of vibe that the Japanese have been doing

458
00:26:58,480 --> 00:27:01,239
Speaker 2: well since basically, the Japanese bought all the machines that

459
00:27:01,280 --> 00:27:05,240
Speaker 2: we used to use to make traditional clothing after World

460
00:27:05,320 --> 00:27:09,480
Speaker 2: War Two, and then you know, now we use newer,

461
00:27:09,560 --> 00:27:13,600
Speaker 2: modern manufacturing techniques that make much cheaper, more disposable clothing,

462
00:27:13,920 --> 00:27:17,560
Speaker 2: and the Japanese like these few brands, they like buzz

463
00:27:17,640 --> 00:27:20,440
Speaker 2: ricks and they do it right. And so the Double

464
00:27:20,600 --> 00:27:23,159
Speaker 2: RL is kind of trying to bite that style in

465
00:27:23,200 --> 00:27:25,639
Speaker 2: a sense, but they don't use the right stuff to

466
00:27:25,720 --> 00:27:28,480
Speaker 2: do it with, you know, And that's just a little

467
00:27:28,520 --> 00:27:32,720
Speaker 2: pet peeve of mine. You mentioned the Queen's land Rovers,

468
00:27:32,840 --> 00:27:35,560
Speaker 2: and I think you mean the actual queen, like her

469
00:27:35,600 --> 00:27:38,240
Speaker 2: actual cars, right, This.

470
00:27:38,359 --> 00:27:41,520
Speaker 1: Is kind of cool. So land Rover is bringing over

471
00:27:41,800 --> 00:27:46,800
Speaker 1: ten Defenders and land Rovers that were owned and operated

472
00:27:46,880 --> 00:27:52,879
Speaker 1: by the Queen herself at like Balmorle and Sandringham. And

473
00:27:53,280 --> 00:27:55,240
Speaker 1: I know, I'm not even sure if I'm saying those

474
00:27:55,320 --> 00:27:58,359
Speaker 1: rights since I'm not British, but at her different country

475
00:27:58,480 --> 00:28:02,360
Speaker 1: estates around the country. Yeah, let's not forget she trained,

476
00:28:02,560 --> 00:28:06,320
Speaker 1: as I believe, a mechanic during the war, so she

477
00:28:06,400 --> 00:28:09,520
Speaker 1: kind of knows her stuff. So yeah, it's very Some

478
00:28:09,560 --> 00:28:12,320
Speaker 1: of them are on loan from the royal family. Some

479
00:28:12,520 --> 00:28:16,359
Speaker 1: were actually owned by private individuals that they're bringing over.

480
00:28:16,359 --> 00:28:18,480
Speaker 1: But I'm actually excited to see those just because they're cool.

481
00:28:18,800 --> 00:28:21,639
Speaker 2: What are the other events? You know, there's the Quail

482
00:28:21,680 --> 00:28:25,160
Speaker 2: on Friday, Pebble Beach on Sunday. I've heard that there's

483
00:28:25,240 --> 00:28:28,160
Speaker 2: actually like racing or at least.

484
00:28:27,960 --> 00:28:31,120
Speaker 1: Like I'm getting my schedule okay, sorry, okay.

485
00:28:30,920 --> 00:28:33,199
Speaker 2: So there's like to what they have like autocross or

486
00:28:33,240 --> 00:28:35,600
Speaker 2: do they have is sears point there? I mean, like

487
00:28:35,640 --> 00:28:36,840
Speaker 2: do you actually have a track?

488
00:28:37,720 --> 00:28:42,840
Speaker 1: Yeah? So Laguna Seka, that Laguna Seca track is just

489
00:28:42,960 --> 00:28:45,080
Speaker 1: over the hill. It's like a fifteen minute drive from

490
00:28:45,120 --> 00:28:48,320
Speaker 1: where I'm sitting right now, and there's racing all week.

491
00:28:49,120 --> 00:28:52,400
Speaker 1: My good friend Eli Cogan's out there right now supporting

492
00:28:52,400 --> 00:28:56,120
Speaker 1: a race team. But it's all vintage racing. Super cool.

493
00:28:56,640 --> 00:28:59,920
Speaker 1: The big day at the races is Saturday, but yeah,

494
00:29:00,080 --> 00:29:03,240
Speaker 1: people are out. Some people come to Monterey Car Week

495
00:29:03,280 --> 00:29:05,680
Speaker 1: and basically just spind it at the track and get

496
00:29:05,680 --> 00:29:09,560
Speaker 1: really sunburned and dehydrated, and it's just it's beinach car

497
00:29:09,680 --> 00:29:14,240
Speaker 1: racing all day, every day. It's super cool. I may

498
00:29:14,760 --> 00:29:18,640
Speaker 1: find my way out there on Saturday. But yeah, so

499
00:29:18,680 --> 00:29:23,840
Speaker 1: there's there's car racing. Let's see. Tonight, I'm going to

500
00:29:23,920 --> 00:29:27,560
Speaker 1: go have a look at we talked about that eccentrica

501
00:29:27,960 --> 00:29:32,040
Speaker 1: Diablo B twelve Resto lot. I'm gonna go, oh yeah that. Yeah,

502
00:29:32,120 --> 00:29:35,040
Speaker 1: so that'll be I'll report back how how good or

503
00:29:35,040 --> 00:29:38,240
Speaker 1: bad that looks. I won't be driving it yet.

504
00:29:38,520 --> 00:29:41,800
Speaker 2: I am going to be interviewing Dave Majors, the CEO

505
00:29:41,840 --> 00:29:44,520
Speaker 2: of Mekam Auctions, and I do have to I'm a

506
00:29:44,520 --> 00:29:48,280
Speaker 2: surprised that Mikam is there because I thought, if this

507
00:29:48,400 --> 00:29:51,640
Speaker 2: is only about the Hoidy Tody, like the Southebys of

508
00:29:51,680 --> 00:29:52,120
Speaker 2: the world.

509
00:29:52,240 --> 00:29:55,280
Speaker 1: So that's a common misconception. I think it more and

510
00:29:55,360 --> 00:29:58,000
Speaker 1: more like, just like I said, you know, there's something

511
00:29:58,000 --> 00:29:58,520
Speaker 1: for everyone.

512
00:29:59,120 --> 00:30:00,760
Speaker 2: I want them to give me the low down on

513
00:30:00,920 --> 00:30:03,719
Speaker 2: like the auction industry right now, because I know it

514
00:30:03,800 --> 00:30:07,920
Speaker 2: was in such flux after Hagardy came in, and I

515
00:30:07,920 --> 00:30:10,680
Speaker 2: don't know what if it's settled or what's the story.

516
00:30:11,680 --> 00:30:14,160
Speaker 1: It will be really interesting to see. I was just

517
00:30:14,200 --> 00:30:17,920
Speaker 1: trying to do some sort of pre research. I was

518
00:30:17,960 --> 00:30:22,640
Speaker 1: reading Simon Kitson's K five hundred analysis newsletter that Stephen

519
00:30:22,680 --> 00:30:27,760
Speaker 1: Wakefield writes, and they basically were saying that this year,

520
00:30:27,760 --> 00:30:34,040
Speaker 1: it looks like the average price of the car being

521
00:30:34,040 --> 00:30:37,120
Speaker 1: sold at auction is up a little bit, but roughly

522
00:30:37,160 --> 00:30:39,640
Speaker 1: the same. Let me just pull up this data because

523
00:30:39,680 --> 00:30:43,200
Speaker 1: I actually wrote it down because it's really good.

524
00:30:43,280 --> 00:30:45,960
Speaker 2: One second, take your time.

525
00:30:46,520 --> 00:30:50,719
Speaker 1: Last year, the auctions had slightly lackluster figures, and we

526
00:30:50,760 --> 00:30:55,520
Speaker 1: can possibly expect the same because it's been sort of

527
00:30:55,640 --> 00:30:59,480
Speaker 1: slower this year to date. But we did see record

528
00:30:59,480 --> 00:31:03,640
Speaker 1: breaking from is in Florida at the Miami auctions. But

529
00:31:03,760 --> 00:31:06,200
Speaker 1: they did say this year, it's interesting, there are about

530
00:31:06,200 --> 00:31:08,800
Speaker 1: six hundred and fifty cars that will be sold. The

531
00:31:08,880 --> 00:31:12,600
Speaker 1: average value of a car being sold this year is

532
00:31:12,760 --> 00:31:17,000
Speaker 1: nine hundred and sixteen thousand dollars per car, which is

533
00:31:17,200 --> 00:31:20,080
Speaker 1: up from eight hundred and eighty seven thousand dollars last year.

534
00:31:20,480 --> 00:31:23,080
Speaker 2: But this is only Monterey Car Week, or this is

535
00:31:23,160 --> 00:31:24,160
Speaker 2: at auction, this.

536
00:31:24,120 --> 00:31:26,360
Speaker 1: Is the Monterey Car Week. This is just this week,

537
00:31:26,680 --> 00:31:30,280
Speaker 1: just this week. The average value per car going on

538
00:31:30,360 --> 00:31:35,200
Speaker 1: sale this week nine hundred and sixteen thousand dollars. Seventeen

539
00:31:35,520 --> 00:31:38,120
Speaker 1: percent of those cars are ferraris, so you know, you

540
00:31:38,200 --> 00:31:42,440
Speaker 1: have a million dollar ferraris that really raises the average.

541
00:31:42,640 --> 00:31:45,600
Speaker 1: But over half of those offerings are at no reserve,

542
00:31:45,840 --> 00:31:50,280
Speaker 1: which is good. And another interesting thing that he pointed

543
00:31:50,320 --> 00:31:55,240
Speaker 1: out is that the average age of cars being sold

544
00:31:55,280 --> 00:31:59,280
Speaker 1: this year is nineteen seventy one. Now last year was

545
00:31:59,360 --> 00:32:02,800
Speaker 1: nineteen six four, So that I think is really interesting

546
00:32:02,920 --> 00:32:05,719
Speaker 1: because it means that we're this is a generational shift.

547
00:32:05,760 --> 00:32:08,520
Speaker 1: We're getting closer and closer to like the coon tashes

548
00:32:08,720 --> 00:32:11,200
Speaker 1: and the cool stuff from the late nineties and early

549
00:32:11,200 --> 00:32:15,160
Speaker 1: two thousands. They also said there are far fewer pre

550
00:32:15,240 --> 00:32:18,320
Speaker 1: war cars offered for sale. That makes sense because things

551
00:32:18,320 --> 00:32:20,080
Speaker 1: are slowly aging up.

552
00:32:20,600 --> 00:32:23,080
Speaker 2: There aren't as many like people have bought them and

553
00:32:23,160 --> 00:32:24,120
Speaker 2: are holding.

554
00:32:23,960 --> 00:32:29,160
Speaker 1: Right exactly exactly, and there are fifty three cars offered

555
00:32:29,160 --> 00:32:31,880
Speaker 1: this year that are valued at three million dollars or more.

556
00:32:32,200 --> 00:32:35,160
Speaker 1: Last year it was forty five cars, So we can

557
00:32:35,360 --> 00:32:37,080
Speaker 1: kind of say that there are going to be more

558
00:32:37,160 --> 00:32:41,240
Speaker 1: big ticket sales this year. Of course, the big unknown

559
00:32:41,520 --> 00:32:43,920
Speaker 1: that everyone's pointing out is this is an election year

560
00:32:44,520 --> 00:32:48,840
Speaker 1: and how does that affect sales? How does that affect

561
00:32:48,920 --> 00:32:50,720
Speaker 1: how people want to spend their money. That's what we

562
00:32:50,760 --> 00:32:51,880
Speaker 1: don't know yet.

563
00:32:51,720 --> 00:32:54,840
Speaker 2: What you mean like because people would otherwise be donating

564
00:32:54,880 --> 00:32:55,880
Speaker 2: to a super pack.

565
00:32:56,440 --> 00:32:59,840
Speaker 1: Maybe or you know, depending on what happens with interest rates,

566
00:33:00,080 --> 00:33:04,760
Speaker 1: it happens with the stock market. People thinking about where

567
00:33:04,800 --> 00:33:07,160
Speaker 1: they want to put their money. I think is the

568
00:33:07,640 --> 00:33:09,479
Speaker 1: is the general like do I want to put it

569
00:33:09,520 --> 00:33:12,680
Speaker 1: in sort of a hard asset like a car, or

570
00:33:12,720 --> 00:33:15,120
Speaker 1: do I want to put it somewhere else cool.

571
00:33:15,160 --> 00:33:19,240
Speaker 2: So you've got the new Car show at the Quail,

572
00:33:19,280 --> 00:33:21,920
Speaker 2: You've got the Old car show, the Concord de Elegans.

573
00:33:22,040 --> 00:33:24,480
Speaker 2: You've got auctions everywhere, like not just.

574
00:33:25,080 --> 00:33:28,600
Speaker 1: Everywhere multiple days. Bottoms is having their auction preview today.

575
00:33:28,600 --> 00:33:31,480
Speaker 1: I'm going to try to hit that later. We will

576
00:33:31,520 --> 00:33:34,040
Speaker 1: have an auction recap on the Monday after so we'll

577
00:33:34,080 --> 00:33:37,520
Speaker 1: have our full analysis of what actually happened and what

578
00:33:37,560 --> 00:33:38,160
Speaker 1: it all means.

579
00:33:38,760 --> 00:33:43,400
Speaker 2: And there's racing at Laguna Seca and I imagine rallies all.

580
00:33:43,320 --> 00:33:48,280
Speaker 1: The time, rallys all the time. And there's also a

581
00:33:48,320 --> 00:33:51,280
Speaker 1: big Porscha show before the quail. There's a big show

582
00:33:51,360 --> 00:33:56,680
Speaker 1: for classic Porschas at offite locations. Sometimes I can't go

583
00:33:56,720 --> 00:33:58,120
Speaker 1: to that because I've got to get to the toil

584
00:33:58,160 --> 00:34:00,560
Speaker 1: for the new car stuff. But yeah, there's like it

585
00:34:01,200 --> 00:34:05,560
Speaker 1: shows just just for Italian cars. It's it's a lot.

586
00:34:06,720 --> 00:34:09,080
Speaker 2: Well, it sounds like fun. Next year, I'm definitely in.

587
00:34:09,600 --> 00:34:12,359
Speaker 1: I think it has to be done for the podcast sake.

588
00:34:12,840 --> 00:34:19,080
Speaker 2: Yes, I totally agree. It'll be a special edition. Yeah cool. Well,

589
00:34:19,360 --> 00:34:21,239
Speaker 2: I guess I would ask you normally like are you

590
00:34:21,320 --> 00:34:23,120
Speaker 2: driving anything cool next week? But I know that you're

591
00:34:23,200 --> 00:34:26,600
Speaker 2: driving home in a very.

592
00:34:26,440 --> 00:34:29,200
Speaker 1: Slowly I'm going to be obeying all.

593
00:34:29,280 --> 00:34:32,799
Speaker 2: Don't let it ruin you, Hannah. I mean, you've got

594
00:34:32,800 --> 00:34:35,400
Speaker 2: to open that Ferrari up. It would be a crime

595
00:34:36,200 --> 00:34:37,240
Speaker 2: to drive it slowly.

596
00:34:38,280 --> 00:34:40,480
Speaker 1: And I have to do a service for our readers.

597
00:34:40,719 --> 00:34:44,560
Speaker 2: Yes, I will tell you I once got pulled over.

598
00:34:45,000 --> 00:34:49,040
Speaker 2: I was driving two of all things, a polo match

599
00:34:49,600 --> 00:34:57,400
Speaker 2: at mass Showman in a white Bentley Mulson with purple leather,

600
00:34:58,200 --> 00:35:01,160
Speaker 2: and I was dressed like an app luke clown because

601
00:35:01,160 --> 00:35:03,920
Speaker 2: I was going to a polo match and I was

602
00:35:03,960 --> 00:35:07,880
Speaker 2: doing like maybe one twenty and a sixty five. And

603
00:35:08,680 --> 00:35:14,360
Speaker 2: the officer at first was pretty angry, but I said, listen,

604
00:35:15,400 --> 00:35:18,080
Speaker 2: it's not my car. This car is worth more than

605
00:35:18,120 --> 00:35:21,359
Speaker 2: my house. I'm just a lowly journalist testing this out.

606
00:35:21,360 --> 00:35:23,840
Speaker 2: And I realized I'm dressed like an absolute tool, but

607
00:35:23,920 --> 00:35:28,839
Speaker 2: it's kind of like sarcastic because I'm going to this

608
00:35:28,880 --> 00:35:31,680
Speaker 2: polo match. And he got he was on my wavelength.

609
00:35:31,680 --> 00:35:33,680
Speaker 2: He was like, I get it. So then he just

610
00:35:33,760 --> 00:35:39,279
Speaker 2: wrote media a ticket for no seatbelt. What Yeah, pretty cool?

611
00:35:39,680 --> 00:35:40,160
Speaker 2: Pretty cool?

612
00:35:40,200 --> 00:35:41,279
Speaker 1: And wait where was this?

613
00:35:41,880 --> 00:35:46,080
Speaker 2: Where this was? It must have been on the Taconic

614
00:35:46,120 --> 00:35:48,000
Speaker 2: because I was headed up to showmaking.

615
00:35:48,960 --> 00:35:53,160
Speaker 1: Yeah that's I mean, you were very lucky. I don't

616
00:35:53,160 --> 00:35:55,520
Speaker 1: know if they do that out in California. These guys

617
00:35:55,560 --> 00:35:59,520
Speaker 1: are really gunning, They're they are not playing around.

618
00:36:00,120 --> 00:36:03,800
Speaker 2: I mean, I've been in other instances, in other instances,

619
00:36:03,840 --> 00:36:06,720
Speaker 2: I've been unlucky. So this was I think the karma,

620
00:36:07,320 --> 00:36:11,120
Speaker 2: the payback. Yeah you know, yeah cool. Well I'll see

621
00:36:11,120 --> 00:36:13,200
Speaker 2: you back here, same time. Same place next week. I'm

622
00:36:13,200 --> 00:36:14,239
Speaker 2: Matt Miller, I'm

623
00:36:14,280 --> 00:36:16,360
Speaker 1: Hannah Elliott, and this is Bloomberg