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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: I'm Matt Miller and I'm Hannah Elliott, and this is

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Speaker 2: Hot Pursuit. So we have David Gooding with us today.

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Speaker 2: He is the president and founder of Gooding and Co.

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Speaker 2: Which he started with his wife Don in two thousand

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Speaker 2: and three. But actually Gooding and Co. Is now Gooding Christie's,

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Speaker 2: which is really exciting because they're just Christie's was in

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Speaker 2: the car business and then they got out and now

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Speaker 2: they're back in and they're sort of bigger and better

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Speaker 2: than ever. And you know, I will say we've definitely

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Speaker 2: chronicled the competition among the auction houses and it is

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Speaker 2: a real it's real thing. But I have to say universally,

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Speaker 2: whenever I ask any of the other auction house people,

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Speaker 2: they say very nice things about David It he is

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Speaker 2: really universally liked and universally called a nice, decent guy.

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Speaker 2: So that's that's really a tribute. And he's he's gonna

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Speaker 2: be great to have on the show.

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Speaker 3: And has, as as we've learned, a very strong exclusive

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Speaker 3: relationship really with Pebble Beach. So it's a nice preview

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Speaker 3: for the trip that you and I are going to

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Speaker 3: take there in August. Let's get straight to it. Well,

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Speaker 3: welcome to Bloomberg, David. Great having you with us. You know,

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Speaker 3: Hannah's told me so many great things about you and

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Speaker 3: your business, and so I'm really looking forward to basically

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Speaker 3: hearing you guys chat because she is the journalist responsible

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Speaker 3: for covering the auctions and classic cars and collectors and stuff,

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Speaker 3: and I'm usually interested in like trucks and and muscle cars.

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Speaker 3: So I'm gonna let her kind of hog the ball here.

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Speaker 3: So Hannah, why don't you take it away?

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Speaker 1: I call me Hannah the Hog.

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Speaker 2: I love it, and I will say I feel like

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Speaker 2: truck's dude dovetail with collecting definitely. Yeah, David, thank you

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Speaker 2: so much for joining us. It's really great to have you. Obviously,

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Speaker 2: you know we've worked together for years. You've been in

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Speaker 2: the industry forever. I think, did you start Gooding and Co.

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Speaker 2: In two thousand and three?

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Speaker 4: Correct? Yeah, we started. Our first auction was two thousand

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Speaker 4: and four.

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Speaker 1: Wow, And but forever, well, it was just two thousand

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Speaker 1: and three.

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Speaker 2: You had been at you'd been every you'd worked for

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Speaker 2: everyone else. I think you got all the best practices

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Speaker 2: and then started your own company. You were actually at

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Speaker 2: Christie's in the nineties. Give us like a give that

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Speaker 2: a run through, because even I don't know, okay, back.

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Speaker 4: Farther, Okay. So in January of nineteen ninety, right as

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Speaker 4: the car market was shifting, none of us had realized it,

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Speaker 4: I joined Christie's and I was at Christie's for eleven

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Speaker 4: years and really learned the trade, and Christie's instilled in

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Speaker 4: me and all of us that ethics were and you know,

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Speaker 4: the certain way of doing business is the most important thing.

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Speaker 4: That that's all that you've got really above and everything out,

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Speaker 4: above everything else. So I was there for eleven years.

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Speaker 4: Then I worked at RM for three and a half years,

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Speaker 4: and after that we started Gooding Company in two thousand

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Speaker 4: and three. So it's been it's been a long and

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Speaker 4: interesting ride, and we've watched the market change develop I've

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Speaker 4: seen you know, markets go up and down and watch

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Speaker 4: it all happen, and it's been interesting to be to

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Speaker 4: be there throughout it all.

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Speaker 2: David, I want to get to market talk, but just

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Speaker 2: to like put a pin in the arc of your career.

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Speaker 2: The most recent news of the course is that now

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Speaker 2: Gooding and Chrissy's are back together. Which must be so

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Speaker 2: surreal for you having been there before. Can you just

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Speaker 2: tell us how did that come about and what does

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Speaker 2: that mean for you in your I don't think you

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Speaker 2: really have a new role. You're kind of doing the

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Speaker 2: same that you always did.

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Speaker 4: Yeah, I know the role. The role doesn't feel really

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Speaker 4: any different, so you know, to sort of go back

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Speaker 4: as as I think I alluded to, I mean I

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Speaker 4: always felt very near and dear to Christie's. It was

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Speaker 4: it was, you know, the soft spot in my heart.

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Speaker 4: So even when we were competing against each other in

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Speaker 4: the in the early two thousands, uh, there was a

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Speaker 4: friendly rivalry. And then Christie's for a while got out

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Speaker 4: of the car car business, but we were We worked

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Speaker 4: very well together. They would refer business to us, we

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Speaker 4: would refer business to them. And then then a little

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Speaker 4: over a year and a half ago, uh, the chairman

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Speaker 4: of Christie's pulled me in and said, we really, we

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Speaker 4: really need to change this. We want to we wanna

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Speaker 4: we want to acquire your company. And so it was

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Speaker 4: not something that we were really My wife and I

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Speaker 4: were not really looking to do that, but it made

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Speaker 4: a lot of sense. They're the each company has the

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Speaker 4: same ethos there they were. It's really a perfect marriage.

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Speaker 4: So yeah, we're we're now working together and uh and

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Speaker 4: uh or technically I'm working for them and uh uh

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Speaker 4: we are busy expanding the business. I mean we're going

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Speaker 4: into Europe. Uh, We're we're looking at expanding our sales,

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Speaker 4: we're adding staff. So it's it's great. I mean, we're

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Speaker 4: we we have the financial wherewithal behind us now that

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Speaker 4: we can really compete on every level. So we're it's

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Speaker 4: super exciting for us.

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Speaker 3: Can I just jump in and ask about your wife,

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Speaker 3: because I don't want to seem too cliche, but I've

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Speaker 3: always in my career hooked up with really smart women,

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Speaker 3: and uh, I think that's been one of my advantages

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Speaker 3: in life. Right my wife, Hannah Carol mass or you

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Speaker 3: you talk about your wife, I guess your your partners

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Speaker 3: in the business or what is that?

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Speaker 4: Yes, one hundred percent partners. Now, I'm I'm in charge

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Speaker 4: of sales and and and uh a lot of the business.

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Speaker 4: But she she does all of our marketing and branding,

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Speaker 4: and she's involved in finance and operations. So we we

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Speaker 4: compliment each other very very well. And uh it's been

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Speaker 4: great for us because because the sales end of the

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Speaker 4: business requires so much travel and she doesn't have to

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Speaker 4: travel as much, and so, you know, we we just

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Speaker 4: it's been very good that, you know, while I'm out

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Speaker 4: on the road getting getting cars for these various auctions,

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Speaker 4: she's here holding down the fort. And you know, she

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Speaker 4: she is brilliant in terms of marketing. She has a

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Speaker 4: background in motion picture marketing. And her vision for our

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Speaker 4: brand and our look and our feel that that's all

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Speaker 4: her and we became very well known for that, and

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Speaker 4: so I just you know, it's a great, great partnership

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Speaker 4: and marriage.

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Speaker 2: David, I guess I've never asked you this, but it

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Speaker 2: strikes me that you are sort of the face of

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Speaker 2: the company. I'm curious if did you and don ever

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Speaker 2: have a conversation that she actually doesn't want to have

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Speaker 2: to do the heavy lifting of like talking to people

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Speaker 2: like Matt and and she's very happy to let you

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Speaker 2: do that.

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Speaker 3: Wait, this is heavy lifting for you.

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Speaker 4: Well, this isn't heavylifting, but sometimes it's heavy lifting. Yeah,

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Speaker 4: I mean, we we I don't know if we actually

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Speaker 4: sat down and had that conversation or it just sort

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Speaker 4: of developed, but it's we agree. I mean, there's certainly,

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Speaker 4: there's so many things that she does that she does

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Speaker 4: so much better than I do that, so we just

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Speaker 4: we just stick in our certain lanes, you know, And

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Speaker 4: and it's kind of implicit. I think it's it's pretty

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Speaker 4: obvious there's a lot of things that I'm not very

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Speaker 4: good at that she handles, and so it's, uh, it

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Speaker 4: didn't need to be a conversation.

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Speaker 1: That's great.

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Speaker 4: Yeah, yeah, yeah.

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Speaker 1: So I'm okay.

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Speaker 2: So back to what I really wanted to ask you too.

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Speaker 2: After the Christie's news, you know, did Christie's come to

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Speaker 2: you because they realized we need to get back into cars?

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Speaker 2: I mean, are they what are they seeing in the

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Speaker 2: market that made them think we need to get in

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Speaker 2: on this again.

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Speaker 4: Yeah, well, I think they definitely saw that and realized it.

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Speaker 4: I mean, the car market has exploded over the last

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Speaker 4: few years, and they certainly were aware that so many

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Speaker 4: of their clients that collect in other categories also collecting cars,

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Speaker 4: and their competitors have car you know, vibrant car departments,

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Speaker 4: and so they just they knew that it was an

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Speaker 4: important aspect and it's quite you know, in the luxury

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Speaker 4: category and in everything that Christie's does, they are really

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Speaker 4: at the top of their field, and there was this

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Speaker 4: big vacuum where they just weren't in the car business,

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Speaker 4: and so that, you know, I think it became pretty

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Speaker 4: obvious that they needed to be So it worked out

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Speaker 4: really well. We were excited to join together.

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Speaker 3: What is the unique selling point of Gooding. I mean,

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Speaker 3: you've even I know you've sold some really exclusive cars

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Speaker 3: the Yellowbird, uh dusenberg S, SJ and and some others

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Speaker 3: that I've read about. And you're very closely connected to

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Speaker 3: Pebble Beach where Hannah and I for the first time,

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Speaker 3: Hannah's been there a million times, will go in August.

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Speaker 4: Great, I'm glad you're coming out. So yeah, I mean

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Speaker 4: we are. We've always been very involved at Pebble Beach.

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Speaker 4: We've been the auction house there. Well, Christie's was an

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Speaker 4: auction house there and then Gooding took over the spot.

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Speaker 4: So now it's it's great that it's good in Christie's again,

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Speaker 4: you know, I guess are we pride ourselves on not

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Speaker 4: doing the most sales, but really focusing on quality and

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Speaker 4: transparency and integrity, and and I think we're we're well,

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Speaker 4: I know, we're quite passionate about the objects we really enjoy.

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Speaker 4: We're very enthusiastic about the cars. Not to say that

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Speaker 4: others are not, but but we get we get really

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Speaker 4: focused on bringing out the best of every car that

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Speaker 4: we can that we consign, and we search search the world.

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Speaker 4: I just got back from from the UK too to

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Speaker 4: get a big car that we'll be announcing soon. So

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Speaker 4: we're constantly searching the world for the you know, the

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Speaker 4: best kind of cars that we can find that are

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Speaker 4: that are different, that we think will risk the market

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Speaker 4: will respond to really, well, what are you.

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Speaker 2: Seeing like when you like when you just travel and

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Speaker 2: you're looking at cars, like, what has the market produced

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Speaker 2: this summer?

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Speaker 4: So you know it's there there. We're offered a lot

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Speaker 4: and we turn away a lot. So the market, there

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Speaker 4: are a lot of things that people put towards us

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Speaker 4: that we say, you know, and they may be great cars,

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Speaker 4: but they may be priced too high or we feel

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Speaker 4: that there have been too many similar cars like that

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Speaker 4: offered on the market. We feel like, you know, we

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Speaker 4: want to we try to build a sale that is

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Speaker 4: interesting and has a lot to offer, and we also

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Speaker 4: are trying very hard to be conscious of what else

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Speaker 4: is coming on the market, and that's hard because obviously

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Speaker 4: our competitors don't you know, we don't know what they have,

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Speaker 4: and they don't know what we have. So we try

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Speaker 4: to balance things out and offer something that will be

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Speaker 4: that that will respond our clients will respond well.

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Speaker 1: To what are people trying to.

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Speaker 4: Some you know, here's the thing. I mean, sometimes it's

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Speaker 4: not what you know. We can we can hear, you know,

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Speaker 4: clients will say, oh, I want to you know, you know,

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Speaker 4: I want a really special roof, or I want you know,

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Speaker 4: I want this kind of Ferrari or or this kind

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Speaker 4: of Dusenberg. But but we actually always also try to

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Speaker 4: think what can we they don't necessarily Sometimes we can

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Speaker 4: try to anticipate what they want without them even knowing.

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Speaker 4: So that sounds a little.

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Speaker 3: You know, we presumptuous.

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Speaker 4: Yeah, presumptuous. I don't Yeah, yeah, I don't mean it

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Speaker 4: to be, but I.

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Speaker 1: But I think that you're forecasting.

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Speaker 4: Yeah, we can we can just see that, oh, this

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Speaker 4: is something really special. We know that their tastes are

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Speaker 4: like this, and therefore they would like that, and and

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Speaker 4: we try to match that. And it's exciting and you know,

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Speaker 4: it's really exciting when when it works. Sometimes it doesn't work,

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Speaker 4: but that's part of the fun of that's part of

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Speaker 4: the fun of the auction businesses. It is a real test.

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Speaker 4: I mean, you kind of you put yourself out there,

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Speaker 4: you put these cars out there, you're you know, and

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Speaker 4: the market speaks, and sometimes it applauds really loudly, and

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Speaker 4: sometimes it doesn't, and that's okay. You know, we all

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Speaker 4: learn from it. I like the I like the real feedback.

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Speaker 4: It's a real test. It's not some you know, kind

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Speaker 4: of manufactured thing that sometimes ourselves very well and sometimes

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Speaker 4: they don't. And that is the market speaking.

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Speaker 2: It does seem like, you know, if the money is

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Speaker 2: in the room, the money is in the room, and

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Speaker 2: if it's not, yeah, figuratively speaking obviously, yeah.

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Speaker 4: And you know, and sometimes we we have cars that

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Speaker 4: we're super excited about that we think we'll do exceptionally

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Speaker 4: well and they can do just okay, or you know,

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Speaker 4: other times they really surprise you. So it's you don't know,

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Speaker 4: you know, And that's when you think you know, then

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Speaker 4: then you're that dangerous. You can have an idea and

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Speaker 4: you you know, but you don't know for sure.

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Speaker 2: What is the conversation that you're having with people selling things,

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Speaker 2: consigning things, and also those looking for things in terms

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Speaker 2: of are they talking about tariffs? Are they talking about

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Speaker 2: you know, economic and political factors.

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Speaker 4: What's the chatter, well, the the the tariff, the introduction

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Speaker 4: of tariffs in April. We basically should have taken the

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Speaker 4: month off of April. We should we should we should

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Speaker 4: have all gone on vacation then, because it just stopped

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Speaker 4: all conversations. We were in discussion with a lot of

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Speaker 4: clients from from England and Europe who were talking about

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Speaker 4: giving bringing cars over to Pebble Beach, and it just

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Speaker 4: shut everything down. And uh, but not only that, even

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Speaker 4: our US clients were distracted by it. They obviously were

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Speaker 4: focusing on their investments, the stock market, you know, all

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Speaker 4: kinds of things, all of the news, and so that

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Speaker 4: certainly had an effect this year. So what that did

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Speaker 4: is it really compressed our time. I mean usually April

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Speaker 4: May June is a real busy time for us in

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Speaker 4: business gathering, in getting the consignments. What it did this

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Speaker 4: year is it compressed it all into June and now

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Speaker 4: we're just getting the last few cars in for Pebble

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Speaker 4: Beach in July. It's really tight. But yeah, so that's

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Speaker 4: that's what it's done. It's really just our windows. So

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Speaker 4: the I think all the noise, and I would call

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Speaker 4: it all the distraction of that has has calmed down

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Speaker 4: a little bit and people are ready to move on

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Speaker 4: and kind of you know, make decisions anyway and commitments anyway.

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Speaker 2: So some of the concern sorry, Matt, I'll just I'll

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Speaker 2: let you I'll let you ask a question just to

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Speaker 2: follow up. Some of the concerns specifically was even if

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Speaker 2: you even if vintage cars were exempt from you know,

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Speaker 2: these very high tariffs, parts would still be taxed. Yeah,

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Speaker 2: And it was unclear if a car was had for

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Speaker 2: like you know, certain alloy or steel components, whether it

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Speaker 2: be taxed partially based on that percentage of the car.

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Speaker 4: Right. It was just very it was very unclear, and

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Speaker 4: the messaging was unclear. So it was you know, people

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Speaker 4: saying it was chaos. Yeah, so, uh, you know, nobody

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Speaker 4: really knew and people didn't want to make big decisions,

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Speaker 4: which which I understand. But I think now it has

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Speaker 4: calmed down a little bit, and certainly for pre two

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Speaker 4: thousand cars, which is a lot of what we sell,

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Speaker 4: it's it's calmed down. And again I think a lot

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Speaker 4: of it was just people not wanting to focus on

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Speaker 4: their car side of their life and really focus more

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Speaker 4: on everything else that they were dealing with. I mean

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Speaker 4: a lot of these a lot of our clients are

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Speaker 4: very active in business, and so they were, you know,

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Speaker 4: there was they were dealing with more urgent issues first,

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Speaker 4: and then they kind of came out of the came

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Speaker 4: out of the cloud and could talk about their summer plans.

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Speaker 3: You mentioned the pre two thousand cars, and I'm looking

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Speaker 3: at a list of it. Maybe you know, an Ai hallucination,

297
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Speaker 3: but a list of the most famous cars you've sold,

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Speaker 3: and almost all of them look like pre nineteen sixty.

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Speaker 3: You've got the Dusenberg, the afore mentioned Dusenberg nineteen thirty five,

300
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Speaker 3: Talbot Alago nineteen thirty seven, nineteen oh three, Mercedes Simplex.

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Speaker 3: But then you get a bunch of fifties ferraris right,

302
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Speaker 3: the requisite Bugatti Type fifty nine at Alfa Romeo eight

303
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Speaker 3: c also in nineteen thirties cars, and the only thing

304
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Speaker 3: modern I see is the Yellowbird nineteen eighty nine off

305
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Speaker 3: CTR yellow Bird and the nineteen ninety five McLaren F one.

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Speaker 3: Is that starting to change, a little?

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Speaker 4: David? Are you?

308
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Speaker 3: Are you selling newer cars or are people you know,

309
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Speaker 3: are the high highest networth individuals still focused on the

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Speaker 3: classic sort of pre war American cars and the fifties.

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Speaker 4: Ferraris, Oh, we're definitely selling a lot more contemporary newer

312
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Speaker 4: cars than we ever did before. Definitely trending that way.

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Speaker 4: I mean in the what you're seeing in the you know,

314
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Speaker 4: north of ten million dollar range, they tend to be

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Speaker 4: more classic are cars, not as much that you know,

316
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Speaker 4: Porsches and things like that. But we have sold we

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Speaker 4: still hold a record for the Porsche mark with a

318
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Speaker 4: nine to seventeen that we sold. That's obviously a sixty Porsche,

319
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Speaker 4: but we sold the car we sold lamal winning Porsche

320
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Speaker 4: nine five six from the eighties. So there are much

321
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Speaker 4: more contemporary cars. A lot of our bread and butter

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Speaker 4: cars are are you know, nine ninety three Porsches and

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Speaker 4: more contemporary cars like that. Lots of more contemporary Ferraris Mercedes.

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Speaker 4: So yeah, we're seeing that, you know, we are. We've

325
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Speaker 4: sold McLaren f ones, will continue to sell McLaren f ones,

326
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Speaker 4: but to get to get north of fifteen million dollars,

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Speaker 4: it tends to be a classic era car and you know.

328
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Speaker 3: But I see this nineteen ninety five. McLaren f one

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Speaker 3: sold a Pebble Beach in twenty seventeen for fifteen point

330
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Speaker 3: six two million dollars.

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Speaker 4: That was we sold. No, we sold on McLaren f

332
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Speaker 4: one for more money than fifty team it brought brought

333
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Speaker 4: twenty Wow.

334
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Speaker 3: Yeah, that is a stunning.

335
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Speaker 4: Yeah.

336
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Speaker 2: Are the people who buy something like that? Is that

337
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Speaker 2: someone who's buying like bitcoin and lives in Dubai?

338
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Speaker 1: Like what type of buyer is that?

339
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Speaker 4: So that was names but you can't Yeah, yeah, I

340
00:21:28,520 --> 00:21:31,359
Speaker 4: can give you sort of a profile that that was

341
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Speaker 4: a an American collector who we've known for a long time.

342
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Speaker 4: And I was a bit surprised that he that he

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Speaker 4: bought that car that was newer territory for him. But yeah, no,

344
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Speaker 4: I mean he's a he's a he is a you know,

345
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Speaker 4: follows the typical profile of our of our clientele.

346
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Speaker 3: Are these guys all anonymous or do you have buyers

347
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Speaker 3: who are pretty open about what they're doing?

348
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Speaker 4: Both?

349
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Speaker 3: Are?

350
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Speaker 4: There are some that are very open and a lot

351
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Speaker 4: tend to be more anonymous, But yeah, they're they're very open.

352
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Speaker 4: Some are extremely private about it. But yeah, I would say,

353
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Speaker 4: you know it tends to be about seventy percent are

354
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Speaker 4: pretty anonymous about it. But then of course when they

355
00:22:22,880 --> 00:22:26,040
Speaker 4: take these cars to a classic car show or to

356
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Speaker 4: a concord, you know, it all gets revealed.

357
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Speaker 2: Can I ask you about the conversation that you have

358
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Speaker 2: with sellers about reserve prizes? And this is something Met

359
00:22:43,760 --> 00:22:48,040
Speaker 2: and I have discussed and debated before about the merits

360
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Speaker 2: of having a reserve. Yeah, what do you counsel people?

361
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Speaker 2: And maybe it depends on the car and you can

362
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Speaker 2: talk to us about the nuances, but what are the

363
00:22:58,520 --> 00:23:02,639
Speaker 2: benefits of setting a reserve or not? Because I think

364
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Speaker 2: you know, if you don't have a reserve, the market

365
00:23:05,080 --> 00:23:06,680
Speaker 2: truly speaks for itself.

366
00:23:06,520 --> 00:23:13,040
Speaker 4: It does, you know. We well, we have we have

367
00:23:13,160 --> 00:23:17,040
Speaker 4: these sales estate sales oftentimes where everything is no reserve.

368
00:23:18,280 --> 00:23:22,000
Speaker 4: And you know, the cars that we have at any

369
00:23:22,040 --> 00:23:25,560
Speaker 4: of our auctions, anything two hundred and fifty thousand dollars

370
00:23:25,680 --> 00:23:30,359
Speaker 4: or below is without reserve. Oftentimes we have cars that

371
00:23:30,400 --> 00:23:35,000
Speaker 4: are north of that value that are without reserve. You know,

372
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Speaker 4: I think particularly on high production, easy to value cars,

373
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Speaker 4: I think of like a three hundred sl is going

374
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Speaker 4: or a roadster that is a perfect car, that is

375
00:23:50,760 --> 00:23:52,959
Speaker 4: a perfect valuable car. You know, they tend to be.

376
00:23:53,240 --> 00:23:58,399
Speaker 4: They're worth over a million dollars. That is a perfectly safe,

377
00:23:58,840 --> 00:24:03,160
Speaker 4: valuable car to it in at no reserve. Now that's

378
00:24:03,200 --> 00:24:06,240
Speaker 4: easy for me to say, it's not it's not you know,

379
00:24:06,280 --> 00:24:09,520
Speaker 4: it's not my it's not my neck on the line there.

380
00:24:09,640 --> 00:24:11,639
Speaker 1: But it's it's kind of a known thing.

381
00:24:12,119 --> 00:24:15,000
Speaker 4: It's in this day and age, especially at an auction

382
00:24:15,080 --> 00:24:17,920
Speaker 4: like Pebble Beach, it's the world stage. It's it's where

383
00:24:17,960 --> 00:24:21,720
Speaker 4: the many world records are set. Year after year after year,

384
00:24:22,080 --> 00:24:25,439
Speaker 4: everyone will be there. A three hundred sl is going

385
00:24:25,520 --> 00:24:27,800
Speaker 4: to sell for a market price, whatever the market. If

386
00:24:27,840 --> 00:24:29,800
Speaker 4: you're if you're accepting I'm going to sell the car

387
00:24:29,880 --> 00:24:31,960
Speaker 4: this year, I'm going to sell it for a market price.

388
00:24:33,160 --> 00:24:36,720
Speaker 4: I would I think it's better to put it in

389
00:24:36,760 --> 00:24:40,040
Speaker 4: no reserve if you if you're comfortable with that, because

390
00:24:40,119 --> 00:24:43,199
Speaker 4: actually what that does is it focuses all of the

391
00:24:43,240 --> 00:24:46,479
Speaker 4: potential buyers. They think, oh, you know, I'm kind of

392
00:24:46,560 --> 00:24:48,520
Speaker 4: casually looking at that car, but I'm not sure if

393
00:24:48,560 --> 00:24:52,040
Speaker 4: it's really gonna if it's priced writer or you know,

394
00:24:52,080 --> 00:24:54,199
Speaker 4: maybe it will sell, maybe it won't sell. When you

395
00:24:54,240 --> 00:24:56,720
Speaker 4: say it's no reserve, it is going to sell. It's

396
00:24:56,720 --> 00:24:58,840
Speaker 4: going to walk on stage. It's selling no matter what.

397
00:24:59,040 --> 00:25:01,520
Speaker 4: So so you or get you know, you better really

398
00:25:01,520 --> 00:25:03,840
Speaker 4: focused because if you want to you know, if you think, oh,

399
00:25:03,920 --> 00:25:06,600
Speaker 4: I'll pay one point two for that car all day long,

400
00:25:06,680 --> 00:25:09,040
Speaker 4: well you better look at it. You better do your

401
00:25:09,040 --> 00:25:11,480
Speaker 4: research because it could sell for it could sell for

402
00:25:11,560 --> 00:25:13,440
Speaker 4: one point one, it could sell for one point three.

403
00:25:13,480 --> 00:25:16,320
Speaker 4: But you you know, get get get in the get

404
00:25:16,359 --> 00:25:22,760
Speaker 4: in the fight. And uh so, definitely no reserve can

405
00:25:22,800 --> 00:25:26,119
Speaker 4: be great. Uh it of course can be can be risky,

406
00:25:26,160 --> 00:25:29,440
Speaker 4: but I think I think it's very good again, especially

407
00:25:29,480 --> 00:25:34,399
Speaker 4: on cars that are like that or or cars that

408
00:25:34,440 --> 00:25:39,200
Speaker 4: are you know, so fresh to the market. And and

409
00:25:40,440 --> 00:25:42,000
Speaker 4: you know, if you have if you have a low

410
00:25:42,040 --> 00:25:45,000
Speaker 4: cost basis and you really just want to you're going

411
00:25:45,080 --> 00:25:48,080
Speaker 4: to sell the car anyway, it's better to just put it,

412
00:25:48,280 --> 00:25:49,280
Speaker 4: put it at no reserve.

413
00:25:49,640 --> 00:25:52,200
Speaker 2: And as a spectator, it's exciting. I mean I love

414
00:25:52,240 --> 00:25:55,200
Speaker 2: going to auctions just to watch. I think they're so fun.

415
00:25:56,119 --> 00:25:56,920
Speaker 2: People should do it.

416
00:25:57,200 --> 00:25:57,760
Speaker 1: It's yeah.

417
00:25:57,800 --> 00:26:01,919
Speaker 4: I I I often encourage people come watch, even if

418
00:26:01,920 --> 00:26:04,960
Speaker 4: you're not you're not into cars, it's just an interesting

419
00:26:05,520 --> 00:26:08,919
Speaker 4: dynamic to see it. So I'm excited Matt that you're

420
00:26:08,960 --> 00:26:10,080
Speaker 4: going to be uh.

421
00:26:09,840 --> 00:26:12,320
Speaker 3: Oh, I can't wait. By the way, did you were

422
00:26:12,359 --> 00:26:16,040
Speaker 3: you in the car or is this uh?

423
00:26:16,240 --> 00:26:17,359
Speaker 4: Is it is?

424
00:26:17,600 --> 00:26:19,760
Speaker 3: Did you get into cars because the auction business or

425
00:26:19,800 --> 00:26:21,280
Speaker 3: have you always been kind of a gearhead?

426
00:26:21,760 --> 00:26:25,600
Speaker 4: I my dad was an automotive museum curator, so I

427
00:26:25,640 --> 00:26:29,280
Speaker 4: grew up in an automotive museum. So yeah, I he

428
00:26:29,400 --> 00:26:31,240
Speaker 4: told me, don't ever get in the car business. You

429
00:26:31,480 --> 00:26:34,760
Speaker 4: you love cars, you want to collect them. You'll never

430
00:26:34,800 --> 00:26:36,720
Speaker 4: make money in the in the car business. You should

431
00:26:36,720 --> 00:26:40,119
Speaker 4: be a dentist. I'm glad I didn't follow his advice.

432
00:26:40,160 --> 00:26:42,280
Speaker 4: He gave me a lot of other great advice, though,

433
00:26:42,840 --> 00:26:49,000
Speaker 4: but he was he was as a museum curator. Really

434
00:26:49,040 --> 00:26:51,720
Speaker 4: never was able to collect the cars that he was

435
00:26:51,800 --> 00:26:55,320
Speaker 4: passionate about. But what it did, was it it? You know,

436
00:26:55,320 --> 00:26:58,120
Speaker 4: it gave me a great education. After school. Every day

437
00:26:58,160 --> 00:27:01,199
Speaker 4: I would go to these automotive museums and study the

438
00:27:01,240 --> 00:27:03,919
Speaker 4: cars and study the hang out in the libraries and

439
00:27:03,920 --> 00:27:08,240
Speaker 4: read the books. And you know, I had no, no,

440
00:27:08,240 --> 00:27:11,040
Speaker 4: no plans to go into this business. But I needed

441
00:27:11,040 --> 00:27:12,520
Speaker 4: a job out of college.

442
00:27:12,520 --> 00:27:17,879
Speaker 3: And so what's your thing? I mean, like, I guess

443
00:27:18,359 --> 00:27:22,120
Speaker 3: since your dad is a museum curator, you probably already

444
00:27:22,160 --> 00:27:26,360
Speaker 3: had very sort of Hoteku tour taste. I never heard

445
00:27:26,359 --> 00:27:28,000
Speaker 3: of a Talbot logo, for example.

446
00:27:28,200 --> 00:27:32,560
Speaker 4: Yeah and yeah, yeah, you know. So my thing I

447
00:27:33,160 --> 00:27:37,440
Speaker 4: really love, really I love performance cars from any era.

448
00:27:38,760 --> 00:27:41,480
Speaker 4: So what a lot of people don't realize is the

449
00:27:41,560 --> 00:27:45,479
Speaker 4: very old cars, you know, pre World War One cars

450
00:27:45,520 --> 00:27:49,399
Speaker 4: can be very exciting and fun to drive and very fast,

451
00:27:49,480 --> 00:27:52,600
Speaker 4: and so I really like that era car. I like

452
00:27:52,680 --> 00:27:55,199
Speaker 4: cars from the thirties. I love cars from the thirties,

453
00:27:55,200 --> 00:28:01,840
Speaker 4: but anything that is really performance oriented, the fifties and sixties.

454
00:28:02,200 --> 00:28:06,800
Speaker 4: They're just different eras that are magical and exciting, and

455
00:28:06,880 --> 00:28:09,399
Speaker 4: so I grew up around all of those and I

456
00:28:09,400 --> 00:28:14,159
Speaker 4: have a natural love for those. But I've come to

457
00:28:14,240 --> 00:28:18,880
Speaker 4: love more contemporary cars as well. So I like it all,

458
00:28:18,920 --> 00:28:22,640
Speaker 4: but I think my natural I would say, my natural

459
00:28:22,680 --> 00:28:27,520
Speaker 4: soft spot is pre seventy four and earlier, So anything

460
00:28:27,520 --> 00:28:33,040
Speaker 4: from We've sold eighteen ninety six steam car, sorry, eighteen

461
00:28:33,080 --> 00:28:37,360
Speaker 4: eighty six steam car, which was a race car from

462
00:28:37,359 --> 00:28:40,040
Speaker 4: eighteen eighty six, which is kind of crazy.

463
00:28:40,640 --> 00:28:42,840
Speaker 1: That's not the one you had at Retromobile.

464
00:28:43,720 --> 00:28:46,280
Speaker 4: That was the three Mercedes.

465
00:28:46,400 --> 00:28:48,480
Speaker 1: Okay, okay, okay, fantastic another.

466
00:28:48,960 --> 00:28:51,560
Speaker 2: I will always obviously sort of remember that car.

467
00:28:51,600 --> 00:28:55,880
Speaker 4: That was incredible car, absolutely incredible car. That was the

468
00:28:55,960 --> 00:28:59,600
Speaker 4: McLaren F one of nineteen three and unbelievable car, maybe

469
00:28:59,640 --> 00:29:01,200
Speaker 4: the most important car we ever sold.

470
00:29:01,440 --> 00:29:04,920
Speaker 2: So and I asked about the restoration of those cars.

471
00:29:05,960 --> 00:29:10,200
Speaker 2: Do you guys do in house restoration and how go?

472
00:29:10,640 --> 00:29:13,720
Speaker 2: And like, okay, so, how does that work? If someone

473
00:29:13,800 --> 00:29:16,479
Speaker 2: has something that you know is really significant but it

474
00:29:16,520 --> 00:29:18,280
Speaker 2: needs a little bit of love.

475
00:29:18,640 --> 00:29:22,160
Speaker 4: So I mean, we will do very light work to

476
00:29:22,200 --> 00:29:24,960
Speaker 4: bring a car back to life if we have a

477
00:29:25,080 --> 00:29:29,120
Speaker 4: if we have a barn discovery, uh, and we think

478
00:29:29,160 --> 00:29:31,400
Speaker 4: it can be brought you know, it could be running

479
00:29:32,320 --> 00:29:34,880
Speaker 4: with just a very little effort of you know, changing

480
00:29:34,880 --> 00:29:38,280
Speaker 4: the oil and fluids and fuel and whatnot. We'll do that.

481
00:29:40,760 --> 00:29:44,200
Speaker 4: But we tend not to to do restoration work. We're

482
00:29:44,200 --> 00:29:47,200
Speaker 4: not we're not a restoration business. We don't we actually

483
00:29:47,280 --> 00:29:53,400
Speaker 4: have that's a whole complicated specialty that that we have

484
00:29:53,600 --> 00:29:57,520
Speaker 4: tremendous respect for and we're we're we're friends and we

485
00:29:57,680 --> 00:30:00,360
Speaker 4: love to collaborate with a lot of these restoration shops

486
00:30:00,800 --> 00:30:03,320
Speaker 4: and you know they do they do what they do

487
00:30:03,520 --> 00:30:05,680
Speaker 4: very very well, and we don't. We don't want to

488
00:30:05,680 --> 00:30:09,200
Speaker 4: compete with them, and so we'll we'll send work their

489
00:30:09,240 --> 00:30:14,520
Speaker 4: way and they'll they'll often refer cars to us. But

490
00:30:14,720 --> 00:30:19,800
Speaker 4: that's a you know, restoration is I have tremendous respect

491
00:30:19,880 --> 00:30:23,840
Speaker 4: for for for those specialists and experts, so we tend

492
00:30:24,040 --> 00:30:26,280
Speaker 4: you know. The other thing is I mean from a

493
00:30:26,360 --> 00:30:29,200
Speaker 4: from a market point of view. Also layered on top

494
00:30:29,240 --> 00:30:33,080
Speaker 4: of what I just said, was that you'd never quite

495
00:30:33,200 --> 00:30:35,360
Speaker 4: know what the next client is going to want to

496
00:30:35,400 --> 00:30:37,520
Speaker 4: do with the car. They may want to not touch

497
00:30:37,560 --> 00:30:39,640
Speaker 4: it at all. You know, we had a we had

498
00:30:39,680 --> 00:30:44,280
Speaker 4: an alloy alloy body two seventy five Ferrari that was

499
00:30:44,400 --> 00:30:47,240
Speaker 4: covered in dust and and and we pulled it out

500
00:30:47,240 --> 00:30:51,000
Speaker 4: of this uh barn and the fellow the bought it

501
00:30:51,120 --> 00:30:52,720
Speaker 4: just got a running but he didn't touch it. It's

502
00:30:52,720 --> 00:30:55,320
Speaker 4: still dirty, it looks it needs a car wash, but

503
00:30:55,360 --> 00:30:57,800
Speaker 4: he just drives it around like that. He uses it

504
00:30:57,840 --> 00:31:01,920
Speaker 4: and drives it like that. So you never you don't

505
00:31:01,920 --> 00:31:04,080
Speaker 4: want to make an assumption of what a client will

506
00:31:04,120 --> 00:31:08,240
Speaker 4: want to do with the car. And you know, sometimes

507
00:31:08,240 --> 00:31:11,080
Speaker 4: clients will want to restore them. Sometimes I want to

508
00:31:11,120 --> 00:31:14,200
Speaker 4: leave them exactly as they are. Sometimes they'll do something in.

509
00:31:14,160 --> 00:31:18,120
Speaker 2: The middle that's actually really cool. I mean it's a

510
00:31:18,120 --> 00:31:19,920
Speaker 2: way to get your Ferrari to stand out.

511
00:31:20,200 --> 00:31:22,280
Speaker 4: Oh yeah, yeah, yeah, yeah. I was a little surprised.

512
00:31:22,320 --> 00:31:27,200
Speaker 4: I mean, I actually I thought in this he's an

513
00:31:27,240 --> 00:31:32,480
Speaker 4: incredible client and friend. But I if I were initially,

514
00:31:32,520 --> 00:31:34,440
Speaker 4: I would have washed the car, you know, And now

515
00:31:34,480 --> 00:31:36,400
Speaker 4: that I now, it's been about ten years and I

516
00:31:36,440 --> 00:31:38,840
Speaker 4: think it looks really cool, and I'm I applaud them.

517
00:31:38,840 --> 00:31:41,120
Speaker 4: I'm like, God, I'm glad. I'm glad that wasn't me.

518
00:31:41,160 --> 00:31:42,720
Speaker 4: I would have cleaned it and it would have looked

519
00:31:42,760 --> 00:31:44,840
Speaker 4: like so many other two seven fives, and now it

520
00:31:45,120 --> 00:31:48,800
Speaker 4: stands out and looks different. He cleaned the windows so

521
00:31:48,840 --> 00:31:50,400
Speaker 4: he could see out of it. But that's it.

522
00:31:50,560 --> 00:31:55,440
Speaker 3: By the way, David, you obviously develop relationships with I'm

523
00:31:55,520 --> 00:31:59,200
Speaker 3: sure the sellers and the buyers here. And so if

524
00:31:59,240 --> 00:32:00,880
Speaker 3: I look at a list of the cars you sell,

525
00:32:01,000 --> 00:32:05,000
Speaker 3: most of them are at Pebble Beach or at Amelia Island.

526
00:32:05,280 --> 00:32:07,960
Speaker 3: And but I wonder if someone would come to you

527
00:32:08,040 --> 00:32:11,920
Speaker 3: and say, listen, I want to sell this, you know, Bugatti,

528
00:32:12,360 --> 00:32:14,160
Speaker 3: but I don't want to do it at an auction.

529
00:32:14,320 --> 00:32:16,240
Speaker 3: Do you know anybody who wants to buy it? Do

530
00:32:16,280 --> 00:32:19,480
Speaker 3: you do like more a substantial amount of private sales

531
00:32:19,520 --> 00:32:19,800
Speaker 3: like that.

532
00:32:20,680 --> 00:32:24,200
Speaker 4: Yes we do. We've we did many private sales. We actually, well,

533
00:32:24,400 --> 00:32:29,200
Speaker 4: Bugatti is a great example. We sold a Bugatti years

534
00:32:29,240 --> 00:32:32,400
Speaker 4: ago for a family they had, the Williamson family. They

535
00:32:32,400 --> 00:32:36,680
Speaker 4: had one of the best Bugatti collections ever assembled, and

536
00:32:36,760 --> 00:32:39,200
Speaker 4: we sold ten of the cars to and all of

537
00:32:39,200 --> 00:32:42,680
Speaker 4: the money went for charity at auction. But then the

538
00:32:43,280 --> 00:32:47,720
Speaker 4: Bugatti Atlantique, which was there, it's one of the greatest

539
00:32:47,720 --> 00:32:50,520
Speaker 4: Bugattis there is, they wanted that sold privately, so we

540
00:32:50,840 --> 00:32:54,440
Speaker 4: we did a private sale of that. So yes, we

541
00:32:54,480 --> 00:32:58,400
Speaker 4: do private sales. We've we've sold we have the highest

542
00:32:58,440 --> 00:33:02,960
Speaker 4: price world record for were a Ferrari, which we sold privately.

543
00:33:02,960 --> 00:33:08,320
Speaker 4: Actually we've sold many Ferraris, but two fifty gto. We've

544
00:33:08,360 --> 00:33:11,520
Speaker 4: sold a couple of two fifty gto Ferraris privately. So yes,

545
00:33:11,560 --> 00:33:16,160
Speaker 4: we'll do private sales. We you know, I mean more

546
00:33:16,200 --> 00:33:19,360
Speaker 4: of our sales are at auction, but definitely we do

547
00:33:19,400 --> 00:33:23,440
Speaker 4: private sales. And it really depends on the car, the timing,

548
00:33:23,600 --> 00:33:27,240
Speaker 4: the needs of the seller that we really give advice

549
00:33:27,280 --> 00:33:30,800
Speaker 4: and oftentimes people will say I want to sell something privately,

550
00:33:30,880 --> 00:33:34,640
Speaker 4: but then we'll counsel them and say, well, you know,

551
00:33:34,720 --> 00:33:39,320
Speaker 4: I mean, if where do we think something will sell best?

552
00:33:40,200 --> 00:33:43,960
Speaker 3: So it really depends, by the way, do you ever

553
00:33:44,040 --> 00:33:48,400
Speaker 3: talk to when I think about Bugatties, I think about

554
00:33:48,440 --> 00:33:52,720
Speaker 3: the classics initially only, but then I think about they

555
00:33:52,760 --> 00:33:56,160
Speaker 3: still make cars that are really cool and they I

556
00:33:56,200 --> 00:33:58,880
Speaker 3: was lucky enough to go to Mulesheim and see you know,

557
00:34:00,160 --> 00:34:02,320
Speaker 3: you know, the mansion and the factory, and it was

558
00:34:02,400 --> 00:34:03,160
Speaker 3: such a cool thing.

559
00:34:03,480 --> 00:34:04,640
Speaker 4: Do you ever talk to like.

560
00:34:06,760 --> 00:34:10,160
Speaker 3: The people who are building these new cars and they say, hey, David,

561
00:34:10,160 --> 00:34:12,520
Speaker 3: what should we do about these tail lights don't work right?

562
00:34:12,680 --> 00:34:16,400
Speaker 3: Or you know, you know, like give anybody advice because

563
00:34:16,480 --> 00:34:19,040
Speaker 3: you not just an auctioneer. Obviously your father was a

564
00:34:19,080 --> 00:34:22,160
Speaker 3: museum curator, so you're someone with vast knowledge of the

565
00:34:22,239 --> 00:34:25,160
Speaker 3: histories of these marks.

566
00:34:25,400 --> 00:34:28,759
Speaker 4: Yeah. Well, I've been to many of the factories. I

567
00:34:28,800 --> 00:34:30,840
Speaker 4: have not been to the Bugatti factory, and I would

568
00:34:31,000 --> 00:34:33,960
Speaker 4: love to go. It's it's on my list of things

569
00:34:34,000 --> 00:34:37,840
Speaker 4: to do. But I have been to many of the factories,

570
00:34:39,080 --> 00:34:44,040
Speaker 4: and we've been involved in launches of new cars. It's

571
00:34:44,080 --> 00:34:47,080
Speaker 4: throughout the years and everything. They've never no one's ever

572
00:34:47,120 --> 00:34:51,600
Speaker 4: consulted us on on on designing, so I don't know.

573
00:34:51,640 --> 00:34:57,839
Speaker 4: I h that's us, yes, exactly, that's that's maybe a goal. Yeah.

574
00:34:57,920 --> 00:34:59,839
Speaker 4: When I was a kid, I wanted to be a

575
00:35:00,040 --> 00:35:03,719
Speaker 4: our designer. But you know, now it's so uh, committee

576
00:35:03,760 --> 00:35:06,600
Speaker 4: driven and everything. I don't know, I think it might

577
00:35:06,640 --> 00:35:12,120
Speaker 4: be kind of frustrating to you know. They used to

578
00:35:12,200 --> 00:35:14,239
Speaker 4: be you know, it used to be the vision of

579
00:35:14,360 --> 00:35:18,840
Speaker 4: one person that could really make their design scene. But

580
00:35:20,600 --> 00:35:24,239
Speaker 4: now it's uh, now it's very corporate and everything. So no,

581
00:35:24,400 --> 00:35:28,680
Speaker 4: I haven't been involved in design but yet, but yeah,

582
00:35:28,680 --> 00:35:29,200
Speaker 4: I would love to.

583
00:35:29,239 --> 00:35:31,920
Speaker 3: I wasn't thinking about Folkswagen. I was thinking about like

584
00:35:32,520 --> 00:35:34,239
Speaker 3: Horatio Pagani.

585
00:35:34,000 --> 00:35:40,600
Speaker 5: Or yeah you know or you knoweah, yeah, yeah, yeah, yeah,

586
00:35:40,680 --> 00:35:44,040
Speaker 5: yeah I should see, yeah, something something else to do.

587
00:35:44,320 --> 00:35:49,440
Speaker 2: So right, David, what's your advice for Matt or anyone

588
00:35:49,719 --> 00:35:52,719
Speaker 2: or me going to the Pebble Beach Monterey Car Week,

589
00:35:53,640 --> 00:35:56,520
Speaker 2: especially from you guys at the auction. But what should

590
00:35:56,520 --> 00:35:59,160
Speaker 2: we be watching for? What do you want to uh,

591
00:35:59,680 --> 00:36:00,840
Speaker 2: what do you want to highlight?

592
00:36:01,480 --> 00:36:07,399
Speaker 4: Well, you know, going to I mean, you know, Matt,

593
00:36:07,560 --> 00:36:12,680
Speaker 4: if it's your first time, just sit in the audience

594
00:36:12,719 --> 00:36:18,080
Speaker 4: and watch it all unfold. As I say, it's it's

595
00:36:18,480 --> 00:36:21,880
Speaker 4: exciting to see there will be some things that perform

596
00:36:22,040 --> 00:36:27,000
Speaker 4: very very well. Uh and kind of just watch it,

597
00:36:27,320 --> 00:36:30,239
Speaker 4: you know, see see if you can pick out why

598
00:36:30,280 --> 00:36:32,480
Speaker 4: they why they perform well, if you can, if you

599
00:36:32,520 --> 00:36:35,160
Speaker 4: can walk around during the viewing, look at the cars

600
00:36:35,160 --> 00:36:39,120
Speaker 4: ahead of time. You know, when we you see the cars,

601
00:36:39,160 --> 00:36:43,399
Speaker 4: we photograph them beautifully. They they're there. It's but when

602
00:36:43,440 --> 00:36:47,000
Speaker 4: you see them in person, they really come. I mean,

603
00:36:47,040 --> 00:36:51,280
Speaker 4: there's just like I mean, you know, it's amazing.

604
00:36:51,360 --> 00:36:53,400
Speaker 3: And they will brag and say, I've been invited to

605
00:36:53,600 --> 00:36:57,080
Speaker 3: ride in a Dusenberg in the dawn patrol. I don't

606
00:36:57,080 --> 00:36:57,759
Speaker 3: know what that is.

607
00:36:58,040 --> 00:36:59,719
Speaker 1: Patrol, Matt, you have to do that.

608
00:37:00,080 --> 00:37:02,280
Speaker 4: You're going to do that, Yeah for sure. Yeah, yeah, yeah,

609
00:37:02,320 --> 00:37:03,600
Speaker 4: Oh that's super exciting.

610
00:37:03,800 --> 00:37:10,759
Speaker 3: Oh yeah, someone who works for Mikheil Haggerty invited me

611
00:37:10,800 --> 00:37:14,040
Speaker 3: to ride in his So that's great.

612
00:37:14,320 --> 00:37:17,040
Speaker 4: Yeah, oh you definitely definitely, you'll you'll enjoy that. That

613
00:37:17,160 --> 00:37:21,200
Speaker 4: is a that's a very special thing to experience, rolling

614
00:37:21,200 --> 00:37:23,279
Speaker 4: on the on the lawn in the car like that.

615
00:37:23,320 --> 00:37:25,399
Speaker 3: I don't think I've ever ridden in pre war car

616
00:37:25,760 --> 00:37:29,280
Speaker 3: at all, in any pre war car, so yeah, it'll

617
00:37:29,280 --> 00:37:29,799
Speaker 3: be new for me.

618
00:37:30,680 --> 00:37:34,279
Speaker 4: Oh that'll be that'll be fun. You'll enjoy that. My

619
00:37:34,440 --> 00:37:38,479
Speaker 4: favorite event of the week is the Thursday the tour

620
00:37:38,960 --> 00:37:41,440
Speaker 4: because you see all the cars that are going to

621
00:37:41,440 --> 00:37:44,040
Speaker 4: be on the loan on Sunday, but they're out there

622
00:37:44,080 --> 00:37:48,239
Speaker 4: for the first time. Oftentimes the owners are seeing them

623
00:37:48,400 --> 00:37:52,000
Speaker 4: after extensive restorations for the first time, and the cars

624
00:37:52,040 --> 00:37:54,319
Speaker 4: fire up and they take off, and to see the

625
00:37:54,360 --> 00:37:58,719
Speaker 4: cars in motion, you know, at fairly good speed as

626
00:37:58,760 --> 00:38:01,839
Speaker 4: opposed to you know, driving driving over a ramp, which

627
00:38:01,880 --> 00:38:04,359
Speaker 4: is one thing, which is great, but to see them

628
00:38:04,400 --> 00:38:09,360
Speaker 4: like take off and fire up, it's it's really that's special.

629
00:38:09,400 --> 00:38:14,560
Speaker 4: So definitely soak in the Thursday the Thursday thing, and

630
00:38:14,680 --> 00:38:16,560
Speaker 4: the great thing is you can you can watch all

631
00:38:16,600 --> 00:38:19,520
Speaker 4: that unfold and then just walk right into our tent

632
00:38:19,600 --> 00:38:23,000
Speaker 4: and look at the viewing and then kind of study

633
00:38:23,000 --> 00:38:25,440
Speaker 4: the cars and then you'll see them sell on Friday

634
00:38:25,480 --> 00:38:26,239
Speaker 4: and Saturday night.

635
00:38:26,920 --> 00:38:29,640
Speaker 1: Soak it all up. Yeah, that is a really cool

636
00:38:29,680 --> 00:38:30,640
Speaker 1: thing about Pebble Beach.

637
00:38:30,880 --> 00:38:34,040
Speaker 2: It's like each one of those cars that you see

638
00:38:34,080 --> 00:38:37,160
Speaker 2: on the lawn actually runs, and that's part of what

639
00:38:37,200 --> 00:38:39,160
Speaker 2: they're evaluated on these art you know.

640
00:38:39,200 --> 00:38:43,080
Speaker 1: Yes, yes, trailer queens, yeah.

641
00:38:42,640 --> 00:38:45,720
Speaker 4: Yeah, yeah, And hearing them and seeing them in motion

642
00:38:46,000 --> 00:38:52,239
Speaker 4: and seeing them with against you know, seeing cars in context.

643
00:38:52,239 --> 00:38:54,680
Speaker 4: I mean that's the you know, when you when you

644
00:38:54,760 --> 00:38:58,520
Speaker 4: see them with other cars of the era or you know,

645
00:38:58,600 --> 00:39:01,799
Speaker 4: you really begin to appreciate how incredible they were for

646
00:39:01,840 --> 00:39:07,719
Speaker 4: their time or still are, and that's really that's really exciting,

647
00:39:07,920 --> 00:39:10,120
Speaker 4: so that you know, I love I love the tour

648
00:39:10,200 --> 00:39:12,960
Speaker 4: for that reason. And the other nice thing about the

649
00:39:13,000 --> 00:39:16,160
Speaker 4: tour is that the cars are mixed up. They're not

650
00:39:16,239 --> 00:39:18,320
Speaker 4: by class. It's fun to see them in class on

651
00:39:18,719 --> 00:39:21,640
Speaker 4: the lawn on Sunday, but to see them there, you know,

652
00:39:21,680 --> 00:39:24,919
Speaker 4: you'll see you'll see a tiny little Alfa Romeo next

653
00:39:24,920 --> 00:39:29,440
Speaker 4: to a giant Dusenberger Mercedes or you know, in different eras,

654
00:39:29,520 --> 00:39:32,919
Speaker 4: and all are fantastic. So it's really fun.

655
00:39:33,640 --> 00:39:35,359
Speaker 2: David, I know we're coming to the end of our time,

656
00:39:35,360 --> 00:39:37,360
Speaker 2: but I also want to ask about Retromobile.

657
00:39:37,800 --> 00:39:40,600
Speaker 1: Yes, next year, this is you know.

658
00:39:40,560 --> 00:39:43,400
Speaker 2: This really fabulous car show that's been in Paris for

659
00:39:43,480 --> 00:39:46,319
Speaker 2: many years, but it's coming to the States, and I

660
00:39:46,360 --> 00:39:48,439
Speaker 2: know you guys are a big part of that. Can

661
00:39:48,480 --> 00:39:50,920
Speaker 2: you kind of give us a preview of what to expect?

662
00:39:51,280 --> 00:39:55,799
Speaker 4: Sure, so Retromobile, you've been to Retromobile, I don't know

663
00:39:55,840 --> 00:39:58,279
Speaker 4: Matt if you've been, but if not, that's another thing

664
00:39:58,320 --> 00:40:01,680
Speaker 4: you've got to do, so I love to. Yeah, okay, Well,

665
00:40:01,840 --> 00:40:05,239
Speaker 4: so Retromobile in Paris it's the it's the biggest car

666
00:40:05,280 --> 00:40:09,120
Speaker 4: event in Europe. It happens the end of January and February.

667
00:40:09,120 --> 00:40:12,959
Speaker 4: We're doing an auction there where the selected auction house

668
00:40:13,000 --> 00:40:15,799
Speaker 4: to hold an auction there, so we're super excited about that.

669
00:40:15,920 --> 00:40:19,880
Speaker 4: It will be our first auction in France. And then

670
00:40:20,480 --> 00:40:25,280
Speaker 4: Retromobile for the first time is moving that magical, fantastic,

671
00:40:26,320 --> 00:40:30,759
Speaker 4: unique event to bring it to bring it to the

672
00:40:30,880 --> 00:40:33,040
Speaker 4: United States. It'll be in New York at the Javit

673
00:40:33,040 --> 00:40:35,640
Speaker 4: Center in November and we're going to do an auction

674
00:40:35,760 --> 00:40:42,919
Speaker 4: there and Retromobile for people that are not familiar with it,

675
00:40:42,200 --> 00:40:46,719
Speaker 4: it is like the the best automobile trade show there is.

676
00:40:46,760 --> 00:40:51,319
Speaker 4: I mean, there are the world's top dealers bring they

677
00:40:51,920 --> 00:40:56,839
Speaker 4: build these fantastic stands and shows and show their top

678
00:40:56,880 --> 00:40:59,840
Speaker 4: cars that they have for sale. There are manufacturers that

679
00:41:00,040 --> 00:41:03,920
Speaker 4: bring out their latest cars as well as their heritage cars,

680
00:41:05,640 --> 00:41:09,600
Speaker 4: private collectors clubs. It's it's really wonderful. And then then

681
00:41:09,640 --> 00:41:12,360
Speaker 4: there are little sections where where you can buy vintage

682
00:41:12,360 --> 00:41:15,719
Speaker 4: car parts or or fashion. You know, if you if

683
00:41:15,760 --> 00:41:19,400
Speaker 4: you want to buy helmets or goggles and you know,

684
00:41:19,520 --> 00:41:21,800
Speaker 4: driving shoes things like that. There's all kinds of things.

685
00:41:22,440 --> 00:41:25,000
Speaker 4: If you're looking for that carburetor that you haven't found

686
00:41:25,040 --> 00:41:28,439
Speaker 4: for for you know, years and years, you might find

687
00:41:28,480 --> 00:41:31,719
Speaker 4: it there. It's it's just a great event like nothing else.

688
00:41:32,520 --> 00:41:34,759
Speaker 2: It is really cool and I really hope, I mean,

689
00:41:34,800 --> 00:41:39,759
Speaker 2: it's so charming in Paris because it's Paris. Yes, I

690
00:41:39,800 --> 00:41:42,280
Speaker 2: really hope New York can kind of develop its own

691
00:41:42,480 --> 00:41:45,480
Speaker 2: spin on it, you know, and really it'll take hold.

692
00:41:47,120 --> 00:41:50,080
Speaker 4: Yeah, I'm confident that that that that it will. I mean,

693
00:41:50,120 --> 00:41:53,880
Speaker 4: the organizers are very excited about they're extremely creative, and

694
00:41:53,640 --> 00:41:57,759
Speaker 4: they want to bring the French flair but keep keep

695
00:41:57,760 --> 00:42:02,520
Speaker 4: it American, but but bring the whole ethos of Retromobile

696
00:42:02,640 --> 00:42:05,440
Speaker 4: Paris to New York. And you know, they were they

697
00:42:05,480 --> 00:42:09,400
Speaker 4: were debating different cities, and we had discussed it a

698
00:42:09,440 --> 00:42:11,920
Speaker 4: little bit, and I said, come on, there's there's like

699
00:42:12,120 --> 00:42:16,960
Speaker 4: the the obvious city is New York. I mean you know, yeah, exactly.

700
00:42:17,320 --> 00:42:19,960
Speaker 4: And you know, the fun thing, the great fun thing

701
00:42:20,000 --> 00:42:22,799
Speaker 4: about that event, unlike some other car events where you're

702
00:42:22,840 --> 00:42:26,879
Speaker 4: kind of just locked into just being at the car event.

703
00:42:27,120 --> 00:42:29,480
Speaker 4: The great thing about Retrobile is you come and go.

704
00:42:29,920 --> 00:42:32,960
Speaker 4: It happens over a few days. So you know, in

705
00:42:33,000 --> 00:42:35,719
Speaker 4: Paris you go in and then you go have a

706
00:42:35,760 --> 00:42:40,200
Speaker 4: fantastic meal or something outside and come back, you know

707
00:42:40,400 --> 00:42:42,600
Speaker 4: later in the day or the next day. Same kind

708
00:42:42,640 --> 00:42:44,800
Speaker 4: of thing will happen in New York. People will will

709
00:42:44,840 --> 00:42:47,160
Speaker 4: come and go and enjoy the city around it and

710
00:42:48,040 --> 00:42:51,359
Speaker 4: just have have the magic of the venue the city

711
00:42:51,440 --> 00:42:52,000
Speaker 4: all around you.

712
00:42:52,440 --> 00:42:56,200
Speaker 3: By the way, one one more question. I know we're

713
00:42:56,280 --> 00:42:59,440
Speaker 3: running up against the clock here, but for people who

714
00:42:59,520 --> 00:43:03,200
Speaker 3: can't spend a lot of time going to Retromobile, going

715
00:43:03,239 --> 00:43:07,279
Speaker 3: to Pebble Beach, what are some good resources to be

716
00:43:08,000 --> 00:43:12,480
Speaker 3: introduced to this world, because you know, there's not some

717
00:43:12,640 --> 00:43:16,560
Speaker 3: very popular pre war car forum, but I know there's

718
00:43:16,560 --> 00:43:18,120
Speaker 3: some books.

719
00:43:18,280 --> 00:43:21,399
Speaker 4: I'm also there are there's there's a there, there are

720
00:43:21,440 --> 00:43:23,839
Speaker 4: some but they're not perhaps known as well.

721
00:43:23,880 --> 00:43:27,600
Speaker 3: There's like pre work card that is accessible right right, right,

722
00:43:28,160 --> 00:43:31,960
Speaker 3: So do I go to the REVS Institute.

723
00:43:32,800 --> 00:43:37,920
Speaker 4: Or yes, yes, yes, rev. REVS is fantastic, I'm very

724
00:43:37,920 --> 00:43:44,520
Speaker 4: involved there, incredible resource. REVS is wonderful, Peterson is wonderful. Uh.

725
00:43:44,600 --> 00:43:49,800
Speaker 4: There there are the Peterson Siams fantastic. There are many resources.

726
00:43:49,840 --> 00:43:53,040
Speaker 4: There are also clubs that are that that do great.

727
00:43:54,160 --> 00:43:57,480
Speaker 4: They have great resources as well. So it really depends

728
00:43:57,480 --> 00:44:00,239
Speaker 4: on the type of car that you're you know.

729
00:44:00,320 --> 00:44:02,000
Speaker 3: I'm just worrying about the pre war stuff, you know,

730
00:44:02,040 --> 00:44:05,359
Speaker 3: because I'd love to get into like a flathead V

731
00:44:05,400 --> 00:44:08,960
Speaker 3: eight and I don't know nineteen thirties Ford, but I

732
00:44:08,960 --> 00:44:11,120
Speaker 3: don't know, like there's no hot rod clubs around me

733
00:44:11,160 --> 00:44:14,359
Speaker 3: that I know about, and I don't have access to

734
00:44:14,520 --> 00:44:18,279
Speaker 3: Miles Collier on the regular basis, So like, who who

735
00:44:18,320 --> 00:44:20,440
Speaker 3: are the people who know this stuff? What books?

736
00:44:20,440 --> 00:44:24,520
Speaker 4: Can you read it? You can? Yeah, I mean the

737
00:44:24,560 --> 00:44:26,920
Speaker 4: start off by going to you know, go on the

738
00:44:26,960 --> 00:44:30,839
Speaker 4: REVS website. That's a that's a great source. You live

739
00:44:30,880 --> 00:44:35,279
Speaker 4: in New York, right, yep, Okay, let's see in the

740
00:44:35,320 --> 00:44:40,160
Speaker 4: New York area, I mean there are there are cars

741
00:44:40,160 --> 00:44:43,440
Speaker 4: and coffee events. I can definitely you know, I'd be

742
00:44:43,440 --> 00:44:46,480
Speaker 4: happy to connect you with some VA four guys that

743
00:44:47,440 --> 00:44:51,600
Speaker 4: they're great. Oh yeah, yeah, yeah. I mean I've got

744
00:44:52,000 --> 00:44:54,480
Speaker 4: a lot of friends up in Vermont area that are

745
00:44:54,480 --> 00:44:58,839
Speaker 4: into VA Fords and stuff, so I could connect you there. Yeah.

746
00:44:59,000 --> 00:45:04,360
Speaker 4: It's a it's a great world. And those cars are fun, beautiful,

747
00:45:05,080 --> 00:45:10,520
Speaker 4: very affordable. I think a tremendous value. So yeah, I'm

748
00:45:10,760 --> 00:45:14,120
Speaker 4: I'm excited for you. I think that's a that's a

749
00:45:14,280 --> 00:45:17,360
Speaker 4: that's a great event. So things like you know, if

750
00:45:17,960 --> 00:45:20,920
Speaker 4: not too far from New York, but in no sorry,

751
00:45:21,000 --> 00:45:27,439
Speaker 4: October is the Hershey Classic Car Swap Meet. You will

752
00:45:27,480 --> 00:45:31,840
Speaker 4: see tons of tons of cars there. There's thousands of

753
00:45:31,880 --> 00:45:34,680
Speaker 4: cars and many many, many V eight Fords and things

754
00:45:34,719 --> 00:45:38,680
Speaker 4: like that, and people that are crazy about them. So yeah,

755
00:45:38,840 --> 00:45:41,560
Speaker 4: we can we can connect you with all kinds of people.

756
00:45:41,680 --> 00:45:46,000
Speaker 3: Very cool, a new mission. Yeah, David, it's been fantastic

757
00:45:46,080 --> 00:45:47,960
Speaker 3: talking to you. Thank you so much for joining us.

758
00:45:48,880 --> 00:45:51,640
Speaker 3: Our thanks to David Gooding, president and founder of Gooding

759
00:45:51,680 --> 00:45:53,880
Speaker 3: and Company, for joining us. And that does it for

760
00:45:53,960 --> 00:45:57,560
Speaker 3: this edition of Hot Pursuit. For Hanna Elliott, I'm Matt Miller,

761
00:45:57,680 --> 00:45:59,400
Speaker 3: and this is Bloomberg