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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.

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Speaker 3: By the way, I got an email from somebody who said,

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Speaker 3: have you looked at Aston Martin stock lately? It's just

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Speaker 3: doing very badly? And uh huh it's I mean, I

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Speaker 3: pulled up the I always look at the comp on

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Speaker 3: the Bloomberg termino. There's comp which defaults to a five

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Speaker 3: year view and then it compares the stock to whatever

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Speaker 3: indexes it's on and stuff. Aston Martin stock is down

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Speaker 3: ninety percent in five years. Yeah, ninety percent.

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Speaker 4: Yes, yeah, it's not good.

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Speaker 1: It's not good.

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Speaker 2: I mean to the people who love the brand so much,

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Speaker 2: like when you point that out, they get really upset

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Speaker 2: because obviously the brand is so beloved.

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Speaker 3: But yes, it's not my fault. I'm just I got

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Speaker 3: a message from somebody who said, uh, let me see,

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Speaker 3: let me go back and find it. I won't name him,

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Speaker 3: but he says, have you viewed Aston Martin lately? Auci

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Speaker 3: I love the car No, a guy named David. He says,

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Speaker 3: I love the cars, but they can't seem to get

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Speaker 3: to free cash flow, unlike Yes, which is Ferraria.

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Speaker 4: Yeah yeah, yeah yeah.

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Speaker 2: Did you do you follow Lamborghini ks on Instagram? Chris

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Speaker 2: Sing No, you should follow him. He He had some

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Speaker 2: spicy comments about the Valkyrie on on an Instagram post today.

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Speaker 1: Very apropodu to this topic. Yeah, I'll let you check

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Speaker 1: it out.

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Speaker 3: Well, I'll check it out. But man, everybody just wants

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Speaker 3: to be Ferrari, and Aston Martin is the first from it.

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Speaker 2: Let me tell you one thing though, speaking of Ferrari,

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Speaker 2: and this is going to lead into our topic. So

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Speaker 2: I'm in Miami. There are a bunch of car auctions here.

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Speaker 2: There's Mode Miami and Amelia Island happening this month in Florida.

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Speaker 2: I actually counted, and I talk about this with Steve Serio,

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Speaker 2: our guest today.

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Speaker 1: There are fourteen Porschas that.

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Speaker 2: Are estimated to be valued over a million dollars at

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Speaker 2: these auctions this week and only twelve Ferraris, so which

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Speaker 2: is unusual because Porsche's were never valued higher than Ferraris,

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Speaker 2: or even as high as Ferraris for a long time,

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Speaker 2: for many years. And speaking of everyone wants to be Ferrari,

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Speaker 2: we're not saying that Porsche's Ferrari yet, but there are

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Speaker 2: a lot of million dollar.

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Speaker 4: Porsches out there.

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Speaker 3: Yeah, that's crazy.

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Speaker 4: Yeah, it's wild.

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Speaker 2: It's actually and I actually misspoke when you'll hear in

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Speaker 2: the interview with Steve, I said there were equal amounts

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Speaker 2: twelve and twelve, but I went back and counted after

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Speaker 2: I spoke on the podcast, and they're actually fourteen. Porsche

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Speaker 2: is valued at more than a million dollars, including an

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Speaker 2: eight million dollar roof yellow Birds so kind of nuts.

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Speaker 3: Ah the yellow Bird? Wait, yes, okay, I saw there

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Speaker 3: was a cool other people's porschees where I'm pretty sure

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Speaker 3: Magnets is driving with a roof, right.

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Speaker 2: Yes, with a daughter, yes, yes, with Aluisa. Yes, very

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Speaker 2: very nice woman, really sweet and great sense of taste

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Speaker 2: and style and great driver as well.

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Speaker 3: I'm not trying to promote other media, you know, it's

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Speaker 3: just I mean, really good show.

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Speaker 2: We're not threatened. We hey like you know, we're we

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Speaker 2: got our thing going right, true.

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Speaker 3: I'm sure you know we talk about all the time

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Speaker 3: that you know, younger people are going to these auctions

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Speaker 3: buying cars, so younger cars are selling for the high price,

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Speaker 3: and that makes sense to me then that Porsche is

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Speaker 3: starting to catch up a bit with Ferrari because they

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Speaker 3: are really younger.

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Speaker 1: Right, Yes, well that's a great point.

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Speaker 2: I was just I literally just came from the auction

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Speaker 2: preview tent before we are recording this on Friday afternoon,

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Speaker 2: and most of the Porsches that are over a million

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Speaker 2: dollars are not the three five six's or the plastic

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Speaker 2: porsches or the racing porches. They're the more modern stuff,

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Speaker 2: like you're saying, like the nine to five nines. There's

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Speaker 2: a nine to eighteen spy, a couple nine eighteens, some Kara. It's,

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Speaker 2: to your point, the more modern stuff. So this feels

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Speaker 2: like a shift.

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Speaker 3: Yeah, because all due respect to like Stephen Harris, you

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Speaker 3: know that workitect who has a ton.

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Speaker 1: Of sure, yes you can do his house, right.

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Speaker 3: Yeah, it's not really When I say Porsche's younger, I

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Speaker 3: don't literally mean the companies younger. And I think the

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Speaker 3: company even predates well World War two to some extent, right,

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Speaker 3: So of course, yes, and Ferrari wasn't founded until nineteen forty,

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Speaker 3: But I just mean like the hot cars, like the

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Speaker 3: real body of work for Portia, I think after the

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Speaker 3: three fifty six and stuff, you know, the nine to

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Speaker 3: eleven really starts later like post nineteen sixty four.

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Speaker 1: Right.

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Speaker 2: You know a lot of people jokingly refer to the

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Speaker 2: three five six as just a beetle with a different

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Speaker 2: badge on it, which is true and not true, but

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Speaker 2: you kind of get what they're saying.

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Speaker 3: I totally get it, and I wouldn't go that far.

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Speaker 3: Like I love the look of a speedster, and but

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Speaker 3: h I wouldn't really want to invest my money. It's

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Speaker 3: it's like a four cylinder motor, you know. Yeah, I

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Speaker 3: don't want to spend anillion dollars on that?

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Speaker 1: Can I just ask you?

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Speaker 2: And this is a wild change of direction, but are

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Speaker 2: you going to be buying, spending your money on a

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Speaker 2: new Harley Davidson anytime soon?

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Speaker 3: So I am going to be No, you are, but

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Speaker 3: not because I mean I have planned on that for

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Speaker 3: a long time and or at least a year, and

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Speaker 3: my wife has a rule that I can only buy

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Speaker 3: one vehicle at fair a year, right, So this year

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Speaker 3: my choice isn't and has been a Harley Davidson. I've

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Speaker 3: been researching like crazy, but I did go to Austin

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Speaker 3: and ride the new twenty twenty five Cruiser lineup with

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Speaker 3: Harley Davidson and the most exciting part was the people

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Speaker 3: that I was riding with, Like the Harley crew is

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Speaker 3: such a passionate employee base. One of the lead PR people,

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Speaker 3: Jen Hoyer, is married to Mark Hoyer, and when I

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Speaker 3: when that clicked, I was.

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Speaker 1: Like, what, I did not know they were married?

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Speaker 2: Yeah?

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Speaker 1: Serious, I mean.

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Speaker 3: To me, he's a celebrity because I've grown up reading

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Speaker 3: Mark Hoyer, you know, I like listen to his podcast.

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Speaker 3: So I was, and she's awesome and she's been you know,

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Speaker 3: in the business, yeah for like twenty years. And yeah,

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Speaker 3: I got to meet Paul Weiss, who runs engineering for

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Speaker 3: the softail lineup. Totally cool guy who's like Wisconsin through

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Speaker 3: and through, rides seventy minutes each way to work commutes

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Speaker 3: on a bike obviously, And then and then I got

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Speaker 3: to meet the guys who were leading the ride were

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Speaker 3: these King of the Bagger racers, so James Rispolli, Kyle Wyman,

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Speaker 3: Travis Wyman, Cody Wyman, these three brothers who like all

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Speaker 3: ride for Harley. And it's so fun to hang out

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Speaker 3: with kids who are racers because they've grown up in

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Speaker 3: the paddock but they're still only like twenty years old,

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Speaker 3: and especially in this segment because it started kind of

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Speaker 3: as a fluke in twenty twenty race between big giant

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Speaker 3: heavy like eight hundred pound Harley's versus eight hundred pound Indians,

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Speaker 3: and who would have thought that was going to take

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Speaker 3: off and has become incredibly popular.

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Speaker 1: That's so cool. Yeah, So did you have a favorite

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Speaker 1: of the of the bikes?

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Speaker 3: Yeah, for sure.

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Speaker 4: Okay.

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Speaker 3: It's also funny because so I'm six three and all legs, Like.

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Speaker 2: I noticed that on your photos on Instagram, right, you

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Speaker 2: put some photos up and it's like half legs.

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Speaker 3: Right, So normal people, even who are my height, don't

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Speaker 3: have the same end seam. And as a result, on

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Speaker 3: the first day, we were riding the Breakout, which isn't

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Speaker 3: really my style, you know, it's for profiling. It's got

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Speaker 3: that big front wheel and huge fat rear tire which

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Speaker 3: I don't see it. We were riding the Fat Boy,

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Speaker 3: which is kind of cool. I like, you know, Terminator too,

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Speaker 3: just as much as the next guy, but it's not

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Speaker 3: a bike for me. It's not why I'm what I'm after.

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Speaker 3: And then we rode the street Bob, which it has

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Speaker 3: mid controls and I could barely get on it, like

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Speaker 3: it was like my legs, my knees were hitting me

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Speaker 3: in the face. So but so I'm like laughing as

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Speaker 3: I'm riding that bike, and I thought for the next day,

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Speaker 3: I knew we were riding the Heritage, which is, you know,

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Speaker 3: again an older not really my style, but I'm it's cool,

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Speaker 3: but I'm not into it. And then the lowrider s

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Speaker 3: and the Lowrider st those are the bikes that I

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Speaker 3: really wanted to ride, but their mids also, and when

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Speaker 3: I can figure them on the Harley website, I always

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Speaker 3: put you can put forward controls because it's like a

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Speaker 3: made to measure, you know, vehicle. But at the press

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Speaker 3: launch they didn't have They only had the mids. So

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Speaker 3: I was like, I guess I will only ride the

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Speaker 3: Heritage tomorrow and won't be able to ride the low Riders.

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Speaker 3: But then sort of halfway through the day for one

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Speaker 3: of the photo shoots, I just said, let me jump

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Speaker 3: on a low rider and do a couple passes.

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Speaker 4: You couldn't resist.

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Speaker 3: Unbelievable. Like the high output one hundred and seventeen in

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Speaker 3: cubic inch motor, they have a totally different obviously, they

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Speaker 3: have a totally different cam and a totally different tune.

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Speaker 3: So it's a like each bike is completely has its

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Speaker 3: own character, even though they're all the same motor and

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Speaker 3: they're all the same frame, and the I mean, the

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Speaker 3: thing just takes off like you put it in sport mode,

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Speaker 3: which they now have modes on these bikes. It's kind

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Speaker 3: of a newish thinking hardly and it was unbelievable, like

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Speaker 3: a slightly scary ride, which is kind of what I'm after.

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Speaker 3: Like it's like a puckering thing when you're when you

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Speaker 3: twist the throttle and you don't expect it to give

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Speaker 3: as much gas as it does, and when it's it's

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Speaker 3: much more flickable than you expect a Harley Davidson, like

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Speaker 3: a big deal motorcycle to be, you know, and it's

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Speaker 3: very nimble.

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Speaker 4: And I.

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Speaker 3: Interrupt, it's got a way, no, please interrupt as much

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Speaker 3: as you can. It's got a weigh six hundred and

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Speaker 3: sixty pounds. I'll google it, but it's it's gonna weigh

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Speaker 3: close to seven hundred pounds basically.

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Speaker 4: That is so heavy.

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Speaker 3: Yeah, I know, but you don't feel it all because

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Speaker 3: and I had never been either, Hannah, I had never

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Speaker 3: ridden a bike this heavy. And I kept telling these

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Speaker 3: guys like I'm used to do Kadi's Like, you know,

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Speaker 3: a four hundred fifty pound multi Strata is the heaviest

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Speaker 3: bike I've ever ridden. And by the way, on the

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Speaker 3: multi Strata you can kind of feel it because it's

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Speaker 3: that weights high up right, Yes, but this weight is

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Speaker 3: so low, the center of gravity is so low that

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Speaker 3: you really don't notice it at all.

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Speaker 2: Wow, that's interesting. That's really so. Is this the bike

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Speaker 2: that you're going to be getting?

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Speaker 3: No, No, I want the Fat Bob, which is a

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Speaker 3: bike that they stopped making in twenty twenty three. All right,

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Speaker 3: but it is a soft tail, it's a new soft tail.

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Speaker 3: It has the same it has one hundred and fourteen

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Speaker 3: cubic inch motor. It's no slouch.

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Speaker 1: But it's how much does the writer st the lowriter

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Speaker 1: st the lowrider.

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Speaker 3: St starts for twenty one grand? I mean, these are

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Speaker 3: not cheap bikes, right. The cheapest bike that they make

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Speaker 3: of the Big Twins is I think seventeen thousand for

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Speaker 3: the Street Bob. So they're really pushing into luxury territory

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Speaker 3: for a motorcycle or I would say that, although I

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Speaker 3: guess motorcycle prices in general are so high lately, but

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Speaker 3: you know, like one of the racers that we were

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Speaker 3: with was so excited because he's just ordered his own

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Speaker 3: Cvo road Glide, and I was like, that's so cool,

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Speaker 3: you know, for a twenty year old kid to get

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Speaker 3: a bike that is forty five thousand dollars.

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Speaker 1: It's insane.

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Speaker 3: That's a lot for a motorcycle for like a twenty

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Speaker 3: year old kid, right, I think.

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Speaker 1: I mean, in my mind instantly go to what cars

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Speaker 1: could I buy for that?

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Speaker 5: Yeah?

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Speaker 3: For sure?

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Speaker 4: You know, yeah, yeah.

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Speaker 2: Was there any talk of how, you know, supposedly Harley

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Speaker 2: Davidson is really aging and motorcycle riding is going out,

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Speaker 2: and you know there was before.

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Speaker 3: I mean, you know, it's funny. Before I went there,

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Speaker 3: one of the people on my TV team sent me

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Speaker 3: a promotion which was, if you come in and test

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Speaker 3: dride to Harley, you get a free proctology exam.

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Speaker 1: Which no, was that real? Was that real?

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Speaker 3: It was real? And it totally tracks like I'm fifty,

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Speaker 3: it's time for both things like now I'm going to

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Speaker 3: get into Harley's and I'm gonna have to start checking

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Speaker 3: out my prostate.

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Speaker 1: You know, oh that is so bad.

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Speaker 3: But no, most of the talk in Austin was about

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Speaker 3: just how expensive motorcycles are because people are trying to

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Speaker 3: put their finger on why aren't kids riding as much?

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Speaker 3: And you have somebody like Giddy and Litchfield. I mean,

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Speaker 3: the guy must be scared of his own shadow. His

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Speaker 3: idea is that, you know, it's too dangerous for this

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Speaker 3: new generation. But that's not right. No, come on, no, certainly,

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Speaker 3: not kids will do anything dangerous? Is a draw. I

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Speaker 3: think it's that they're expensive. Like what kid has seventeen

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Speaker 3: thousand dollars of disposable income at you know, seventeen, eighteen,

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Speaker 3: nineteen years old.

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Speaker 2: And it's gonna buy a bike instead of a car.

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Speaker 2: That's the other thing, Like maybe you do have that much,

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Speaker 2: but you're probably not gonna buy a motorcycle.

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Speaker 3: No not, I mean most of America. That just doesn't

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Speaker 3: make sense.

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Speaker 1: Yeah, and uh interesting.

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Speaker 3: I mean, look, motorcycle prices have been going up for

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Speaker 3: thirty years, wages have been stagnant. So yeah, that's why

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Speaker 3: people are buying these royal enfields they're selling.

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Speaker 2: So I was just gonna I was just going to say,

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Speaker 2: I would be very curious to see, for instance, even

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Speaker 2: do Cottie's sales of their more Cafe Eraser, the scrambler type.

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Speaker 2: They're smaller, lighter, more basic bikes. I would just be

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Speaker 2: very curious, not the profits from those bikes, but how

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Speaker 2: the sales are doing, because those are way more attainable,

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Speaker 2: I think for sure, trying to get younger, new people

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Speaker 2: into it.

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Speaker 3: You need look no further than bankrupt KTM. Right, they

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Speaker 3: can't move their twenty thousand dollars super dukes, which are

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Speaker 3: the most beloved motorcycles out there. From like a critical perspective,

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Speaker 3: like you know, Motorcycle Magazine riders love the thirteen ninety

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Speaker 3: super Duke. It's a beast literally, but those don't sell.

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Speaker 3: They sell the three ninety, they sell the little ones,

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Speaker 3: you know, they sell the dirt bikes because they're attainable.

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Speaker 2: Yeah, it's not such a and like it's not such

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Speaker 2: a big deal, you know. Again, like I would say,

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Speaker 2: I am not a die hard rider. I don't need

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Speaker 2: to ride to live and to feel normal, and I

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Speaker 2: know some people do.

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Speaker 1: But it's fun.

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Speaker 2: I do enjoy it, and I have to think I'm

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Speaker 2: not the only one that like, you know, likes the

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Speaker 2: likes riding, likes having a bike, but I don't. I'm

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Speaker 2: not going to spend a ton of money. I just

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Speaker 2: need something more fun and easy and not a reclining

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Speaker 2: chair on wheels, so to speak.

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Speaker 3: That's a bad rep you know. I was thinking about

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Speaker 3: that when I was riding the Heritage Classic around because

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Speaker 3: it literally it's so comfortable that yeah. Yeah, and it's agricultural,

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Speaker 3: you know, in the way, but they do that on purpose.

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Speaker 3: There is something to be said for riding around on

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Speaker 3: a living room sofa, Like it's you're still part of

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Speaker 3: the scenery, right, there's no, you're not stuck in a box.

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Speaker 3: And I don't wear a full face helmet all the time,

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Speaker 3: so like you're out in the open, and so it's

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Speaker 3: I think it's still enjoyable. Now, it's not really my

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Speaker 3: cup of tea either. I want to I want to

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Speaker 3: be throwing the bike into corners and you know, kicking

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Speaker 3: out the rear wheel. But I think I think there's

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Speaker 3: something to be said for especially as people get you know, older,

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Speaker 3: and need proctology exams.

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Speaker 1: Oh that's too funny, that's so good.

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Speaker 3: By the way, I have some news. There's news coming

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Speaker 3: on Harley next week that I think you specifically will

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Speaker 3: find really interesting, but I can't share.

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Speaker 1: Is it something you can share now.

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Speaker 3: Nope, it's under embargo.

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Speaker 4: Okay, we'll talk about it next week.

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Speaker 3: Yeah, right for sure, Yeah, one hundred percent.

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Speaker 1: I'll look forward to that. I can't wait to hear.

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Speaker 3: Have you been driving anything fun? I have you?

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Speaker 1: Actually?

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Speaker 2: I am in a BMW M five that our friends

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Speaker 2: at BMW have loaned me while I'm in Miami, so

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Speaker 2: I haven't Yeah, yeah, I haven't driven it that much

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Speaker 2: because I literally landed at the airport at five o'clock

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Speaker 2: last night and just drove, you know, five miles from

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Speaker 2: the airport to the hotel.

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Speaker 4: So I haven't driven it much yet.

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Speaker 2: But that is what I am and this weekend and

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Speaker 2: we'll be reviewing, and I'm excited. I haven't been in

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Speaker 2: a BMW in a minute, so I'm excited about that.

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Speaker 2: And then let's see I've got I think I've got

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Speaker 2: some more Mercedes next week. Oh but you know what

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Speaker 2: I'm also really looking forward to. And I think I

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Speaker 2: said the Cadillac Escalade IQ.

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Speaker 3: I saw I saw one on the road in Austin. Yeah,

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Speaker 3: the whole group of us on the road. The whole

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Speaker 3: group of us was riding back to Barton Creek, and

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Speaker 3: I look ahead of me and I see, I'm like,

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Speaker 3: that looks like an escalade but also like a range Rover.

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Speaker 3: And wait is that it couldn't be Yes, it is

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Speaker 3: the Cadillac IQ, and I was super pumped. All the

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Speaker 3: moto journalists were like what huh nobody?

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Speaker 1: Uh did you see who was driving it?

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Speaker 4: Was it?

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Speaker 1: Who? What type of person?

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Speaker 3: It was like a soccer mom driving it?

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Speaker 1: Oh way?

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Speaker 3: Wow? I mean I'm not sure. I didn't see the driver,

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Speaker 3: so I don't know. But it was like a regular

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Speaker 3: It wasn't any kind of uber or like corporate uh

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Speaker 3: you know, limousine.

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Speaker 5: It was.

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Speaker 3: It was a dirty, already dirty like local vehicle.

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Speaker 4: Cool. Well, I'm excited.

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Speaker 2: I mean, I remember they've been talking about it for

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Speaker 2: a long time, so I'm excited to drive.

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Speaker 1: I'll drive that in a week or two.

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Speaker 2: Speaking of Cadillac, I also finally saw for the first

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Speaker 2: time today the Celestic there high end luxury wag anything

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Speaker 2: that they're going to try to take.

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00:19:04,400 --> 00:19:07,080
Speaker 1: On World's Royce with. I saw it today. Have you

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Speaker 1: seen that in person?

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Speaker 3: No?

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Speaker 1: Or no?

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Speaker 4: Yeah?

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Speaker 3: I don't think of when you say the Wagony, I

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Speaker 3: think of what's the other one they have that's like

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Speaker 3: the other electric the lyric lyrics, the lyric.

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Speaker 1: Yeah, this one is lower and longer than that. But

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Speaker 1: it has like a you know, a bit of a

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Speaker 1: station wagon back end.

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Speaker 3: But didn't you drive like a production, a pre production

375
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Speaker 3: version of that?

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Speaker 4: Oh I didn't. I would really like to.

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Speaker 2: I think at one point I might have been close

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Speaker 2: to it and it. Honestly, it seems like they keep

379
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Speaker 2: pushing pushing back dates and things around.

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Speaker 3: It looks French to me.

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Speaker 2: Well, some of the designers are French. Some of the

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Speaker 2: people working. It's like the team that's making it is

383
00:19:52,760 --> 00:19:57,440
Speaker 2: mostly women. And yeah, there are several Europeans on that team,

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Speaker 2: so they'll probably be happy to hear you say that.

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Speaker 3: I didn't mean it in a good way.

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Speaker 2: Anybody calls something French, I think that is the height

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Speaker 2: of sophistication and luxury.

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Speaker 3: I mean, I know that there are people who prize

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Speaker 3: their Citroyan.

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Speaker 1: You've been in Texas too long?

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Speaker 3: Yeah, No, I prefer the Escalade IQ.

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Speaker 4: All right.

393
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Speaker 1: Well, to each to each their own.

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Speaker 3: I'm actually I actually I need to call someone at

395
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Speaker 3: Cadillac and hopefully they don't listen to this, and and

396
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Speaker 3: say when can I drive an Escalade IQ? Because if

397
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Speaker 3: there are you know, retail people out there in one

398
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Speaker 3: already completely.

399
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Speaker 1: And then as to apples.

400
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Speaker 3: And I love all of like all the GMC big

401
00:20:44,200 --> 00:20:47,200
Speaker 3: electro trucks. I've driven the GMC Hummer, and I've driven

402
00:20:47,240 --> 00:20:50,240
Speaker 3: the GMC Sierra EV and I love them.

403
00:20:51,320 --> 00:20:52,000
Speaker 4: Yeah.

404
00:20:52,200 --> 00:20:54,119
Speaker 1: I had so much fun in the Hummer.

405
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Speaker 2: Honestly, I was not thinking it would be anything particular.

406
00:20:59,600 --> 00:21:01,400
Speaker 2: I don't know, I just want to went in not

407
00:21:01,720 --> 00:21:03,080
Speaker 2: really knowing what to expect.

408
00:21:03,400 --> 00:21:07,040
Speaker 1: It was so fun. I mean it was. It was

409
00:21:07,080 --> 00:21:09,000
Speaker 1: so fun. It really put a smile on my face.

410
00:21:09,040 --> 00:21:10,280
Speaker 1: And what more can you ask for?

411
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Speaker 3: That's what it's all about. M m all right, should

412
00:21:13,520 --> 00:21:14,639
Speaker 3: we get to Steve Cereal?

413
00:21:15,240 --> 00:21:18,639
Speaker 2: Yeah, this was a conversation that I had with Steve

414
00:21:18,760 --> 00:21:23,639
Speaker 2: while Matt was off writing Harley's in Austin, So you

415
00:21:23,680 --> 00:21:26,639
Speaker 2: were definitely missed, Matt. But we tried to cover some

416
00:21:26,760 --> 00:21:29,800
Speaker 2: good ground about what's happening in the classic car world,

417
00:21:30,600 --> 00:21:35,439
Speaker 2: the auctions going into the summer. And it's great because gosh,

418
00:21:35,480 --> 00:21:38,000
Speaker 2: Steve has been in this industry for thirty years and

419
00:21:38,960 --> 00:21:44,560
Speaker 2: I think he's probably our most frequented frequented guest on

420
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Speaker 2: the show.

421
00:21:45,320 --> 00:21:48,120
Speaker 1: At this point. Possibly I think this is his third

422
00:21:48,160 --> 00:21:49,320
Speaker 1: time coming on.

423
00:21:50,040 --> 00:21:53,680
Speaker 3: Well, but I'm excited to listen. Let's play the tape.

424
00:21:54,280 --> 00:21:57,280
Speaker 2: I want to just start with kind of a quick

425
00:21:57,359 --> 00:21:59,960
Speaker 2: recap of Paris. I know you were just at Retromobile

426
00:22:01,440 --> 00:22:04,000
Speaker 2: and I kind of heard through the grape vine that

427
00:22:04,119 --> 00:22:07,639
Speaker 2: Paris was strong on sell through rates but sort of

428
00:22:07,680 --> 00:22:08,840
Speaker 2: weak on values.

429
00:22:09,720 --> 00:22:11,760
Speaker 1: I'm wondering if that was your.

430
00:22:11,760 --> 00:22:14,880
Speaker 2: Takeaway, and is that an indicator for what we can

431
00:22:14,960 --> 00:22:18,160
Speaker 2: expect going into the spring with the Florida auctions.

432
00:22:18,400 --> 00:22:20,960
Speaker 5: Well, I think Paris, I mean was interesting on a

433
00:22:21,040 --> 00:22:25,560
Speaker 5: multitude of levels. I went to go try and buy

434
00:22:25,600 --> 00:22:28,680
Speaker 5: a few things, which I failed at because there wasn't

435
00:22:28,800 --> 00:22:31,320
Speaker 5: enough of a spread between I'll put it in another way,

436
00:22:31,359 --> 00:22:33,320
Speaker 5: there were no bargains there. And I think if you

437
00:22:33,480 --> 00:22:37,760
Speaker 5: were a European end user, if you were looking for

438
00:22:37,920 --> 00:22:41,760
Speaker 5: a particular car from especially the older things again from

439
00:22:41,800 --> 00:22:45,480
Speaker 5: the fifties and sixties, which have I think they've hit

440
00:22:45,520 --> 00:22:48,680
Speaker 5: there in the deer they've gone, They've gone to their

441
00:22:48,720 --> 00:22:52,439
Speaker 5: point of correction, and now people are jumping back in,

442
00:22:52,600 --> 00:22:54,960
Speaker 5: going all right, these have come down enough in the

443
00:22:55,040 --> 00:22:58,240
Speaker 5: last twenty four or thirty months, and it's time to

444
00:22:58,240 --> 00:23:01,800
Speaker 5: buy something. And if you were an user looking for

445
00:23:01,920 --> 00:23:04,320
Speaker 5: an old Aston Martin, looking for a certain Ferrari, looking

446
00:23:04,320 --> 00:23:07,119
Speaker 5: for Jagger, whatever it was, that was the time to

447
00:23:07,160 --> 00:23:12,639
Speaker 5: buy something. So there, you know, with all of the

448
00:23:12,359 --> 00:23:16,760
Speaker 5: the myriad of fees and taxes and VAT, you gotta

449
00:23:16,760 --> 00:23:19,119
Speaker 5: have to sit there as an American and go, what

450
00:23:19,200 --> 00:23:20,720
Speaker 5: is this actually going to cost me? So if I

451
00:23:20,720 --> 00:23:24,159
Speaker 5: add twenty percent to the final hammer price, I should

452
00:23:24,160 --> 00:23:28,920
Speaker 5: be okay exporting the car to the States. Yeah, the

453
00:23:29,440 --> 00:23:32,000
Speaker 5: cell through numbers were strong. I mean I have said,

454
00:23:32,720 --> 00:23:38,800
Speaker 5: you know Bonhom's in their beautiful Grand Pelee display had

455
00:23:39,359 --> 00:23:41,800
Speaker 5: I thought, and this is I'll try not to be

456
00:23:41,880 --> 00:23:45,480
Speaker 5: unkind because my consolieri Sid said, don't say anything that

457
00:23:46,359 --> 00:23:50,320
Speaker 5: will get you in trouble with Bloomberg. We don't want

458
00:23:50,320 --> 00:23:53,360
Speaker 5: to be edited out being honest. I think that. I mean,

459
00:23:53,400 --> 00:23:56,240
Speaker 5: the cars were for the most part incredibly subpar, and

460
00:23:56,280 --> 00:23:59,760
Speaker 5: they to their credit. I mean, and I'm talking about condition,

461
00:23:59,840 --> 00:24:02,480
Speaker 5: I'm not talking about you know models. They had some

462
00:24:02,880 --> 00:24:06,000
Speaker 5: very desirable models. They had some, Yeah, they had they

463
00:24:06,040 --> 00:24:09,119
Speaker 5: had some a handful of very desirable and oddball things.

464
00:24:09,680 --> 00:24:17,000
Speaker 5: But between art Curial RM and Bonhams, if I were

465
00:24:17,040 --> 00:24:19,520
Speaker 5: writing the reviews, bonhom has knocked the ball out of

466
00:24:19,560 --> 00:24:22,120
Speaker 5: the park with what they realized for these cars. I mean,

467
00:24:22,280 --> 00:24:25,879
Speaker 5: I'm I'm still shocked at sometimes the and this is

468
00:24:26,040 --> 00:24:32,600
Speaker 5: r M excluded the lack of quality and presentation with

469
00:24:32,680 --> 00:24:35,720
Speaker 5: some of the European auction houses. And you know, let's

470
00:24:35,760 --> 00:24:38,360
Speaker 5: not clean the car, let's not vacuum it out, Let's

471
00:24:38,359 --> 00:24:40,720
Speaker 5: not clean out the glove boxes. Let's not present them

472
00:24:40,760 --> 00:24:44,320
Speaker 5: as best we can. It's just not important to the

473
00:24:44,359 --> 00:24:45,000
Speaker 5: buyer there.

474
00:24:45,080 --> 00:24:47,720
Speaker 2: I guess has it always been like that in Europe?

475
00:24:47,920 --> 00:24:49,800
Speaker 5: Yeah, I've always walked I mean I've walked through the

476
00:24:49,880 --> 00:24:53,399
Speaker 5: art curial auctions and kind of gone really cigarettes and

477
00:24:53,440 --> 00:24:54,760
Speaker 5: the ashtray guys, I mean.

478
00:24:54,880 --> 00:25:00,160
Speaker 2: Over in Paris, I don't know Juliette Binoche smoke, which

479
00:25:00,160 --> 00:25:02,920
Speaker 2: one left it there? I'd leave that too.

480
00:25:02,960 --> 00:25:06,080
Speaker 5: Yeah, to be so lucky we can pull some DNA

481
00:25:06,200 --> 00:25:11,880
Speaker 5: off this and cloud Cloner. Yeah, it's so. To your

482
00:25:11,920 --> 00:25:14,639
Speaker 5: original question, I think Bonhams knocked the ball out of

483
00:25:14,680 --> 00:25:17,480
Speaker 5: the park. I mean, RM, everybody was waiting for the

484
00:25:17,640 --> 00:25:19,879
Speaker 5: LM to sell for big dollars, and you and I

485
00:25:20,080 --> 00:25:22,440
Speaker 5: and we talked about it prior to it did sell

486
00:25:22,480 --> 00:25:26,040
Speaker 5: for big dollars. There was plenty of spirited bidding, and

487
00:25:26,080 --> 00:25:29,600
Speaker 5: it sold for I don't know, maybe ten percent more

488
00:25:29,640 --> 00:25:32,320
Speaker 5: than what some of us thought. But RM had a

489
00:25:32,960 --> 00:25:37,160
Speaker 5: great sell through rate. They had fantastic presentation. When you're

490
00:25:37,280 --> 00:25:41,720
Speaker 5: you know, you're in the basement of the louver, it's

491
00:25:41,760 --> 00:25:45,480
Speaker 5: tough to be it really is. And I was I

492
00:25:45,680 --> 00:25:50,359
Speaker 5: was really wholeheartedly impressed with what Art Curial had to offer.

493
00:25:50,400 --> 00:25:53,240
Speaker 5: I mean, they had some big Ferraris, they had some

494
00:25:53,280 --> 00:25:56,400
Speaker 5: big Bentley's that there were. There was a smattering of cars,

495
00:25:56,520 --> 00:26:01,760
Speaker 5: and if you dissect the cattle, a lot of it

496
00:26:01,800 --> 00:26:05,679
Speaker 5: is the stuff that I guess guys like myself and

497
00:26:05,720 --> 00:26:07,720
Speaker 5: a handful of people who have dealt in this era

498
00:26:07,880 --> 00:26:10,360
Speaker 5: car for thirty years. It's all the stuff that's kind

499
00:26:10,359 --> 00:26:14,000
Speaker 5: of not in vogue right now. And they still an example,

500
00:26:14,480 --> 00:26:18,840
Speaker 5: pick any of the Alpha Montreal or that comes to mind,

501
00:26:19,200 --> 00:26:24,200
Speaker 5: or any of the Jags, the early x k's. There

502
00:26:24,280 --> 00:26:27,720
Speaker 5: was an absolutely heinous colored, non original color three fifty

503
00:26:27,760 --> 00:26:32,399
Speaker 5: six portsche Speedster that still did okay. And then there

504
00:26:32,440 --> 00:26:36,000
Speaker 5: was one collection of one. Gentleman gave them four Bentley's

505
00:26:36,040 --> 00:26:40,040
Speaker 5: to sell. The early cars did not sell, which are

506
00:26:40,080 --> 00:26:45,080
Speaker 5: difficult to sell. One of the later Bentley convertibles, late

507
00:26:45,080 --> 00:26:48,280
Speaker 5: eighties cars sold, So it's a lot of that stuff

508
00:26:49,200 --> 00:26:52,359
Speaker 5: that is just not of of the minute, is not fashionable.

509
00:26:52,680 --> 00:26:56,120
Speaker 5: And I think the other side of that is if

510
00:26:56,160 --> 00:27:01,920
Speaker 5: you've wanted one, now's kind of the And that's I'm

511
00:27:01,960 --> 00:27:05,160
Speaker 5: not trying to have a self fulfilling prophecy and to

512
00:27:05,200 --> 00:27:07,239
Speaker 5: sort of say, yes, go out and buy a car,

513
00:27:07,280 --> 00:27:10,920
Speaker 5: and you know, engage your local person like myself to

514
00:27:10,960 --> 00:27:12,720
Speaker 5: go out and get it for you. But I mean,

515
00:27:12,800 --> 00:27:15,480
Speaker 5: I'm speaking from the heart. I mean I've purchased a

516
00:27:15,480 --> 00:27:19,360
Speaker 5: couple of cars from you know, the fifties and sixties

517
00:27:19,400 --> 00:27:23,720
Speaker 5: in the last year that I had no business trying

518
00:27:23,760 --> 00:27:27,760
Speaker 5: to afford ten years ago, And because there were a

519
00:27:27,840 --> 00:27:31,040
Speaker 5: third of what they were ten years ago, I thought, well,

520
00:27:31,080 --> 00:27:34,800
Speaker 5: I'm going to live by my rule of buy this

521
00:27:34,880 --> 00:27:37,000
Speaker 5: because you love it and you want to drive it,

522
00:27:37,080 --> 00:27:40,200
Speaker 5: and don't know, if you can actually walk away from

523
00:27:40,240 --> 00:27:44,000
Speaker 5: something breaking even or making a little bit of money

524
00:27:44,080 --> 00:27:47,480
Speaker 5: or losing a little bit of money, you've succeeded. Yes,

525
00:27:48,280 --> 00:27:51,000
Speaker 5: And that's been my own credo since I started in

526
00:27:51,080 --> 00:27:54,720
Speaker 5: nineteen eighty seven. Don't don't look at this as you

527
00:27:54,760 --> 00:28:00,560
Speaker 5: know investment. There are sure things to invest in this market,

528
00:28:01,880 --> 00:28:04,520
Speaker 5: the more modern cars are more of a sure thing

529
00:28:05,200 --> 00:28:06,560
Speaker 5: until they're not.

530
00:28:08,760 --> 00:28:08,879
Speaker 4: So.

531
00:28:09,040 --> 00:28:13,320
Speaker 2: Going into the Florida sales, both Mode of Miami in

532
00:28:13,600 --> 00:28:16,639
Speaker 2: Coral Gables and then of course the Amelia at Amelia Island,

533
00:28:17,800 --> 00:28:21,040
Speaker 2: what are you expecting to see in general the same

534
00:28:21,240 --> 00:28:25,520
Speaker 2: attitude and also I want to hear like specific cars

535
00:28:25,520 --> 00:28:29,240
Speaker 2: that you're going to be watching as significant in some way.

536
00:28:30,280 --> 00:28:34,439
Speaker 5: Yeah, I think I think this is, you know, the

537
00:28:34,520 --> 00:28:39,480
Speaker 5: equivalent this week in Florida or these ten days are

538
00:28:39,520 --> 00:28:43,560
Speaker 5: the equivalent of what Arizona used to be for my world. Yeah,

539
00:28:43,560 --> 00:28:48,320
Speaker 5: the Scottsdale sales, Yes, I think now with Gooding and

540
00:28:48,400 --> 00:28:51,880
Speaker 5: broad Arrow at Amelia Island and RM taking over Mode

541
00:28:51,880 --> 00:28:56,840
Speaker 5: of Miami, this is the real benchmark for where we're

542
00:28:56,840 --> 00:28:58,720
Speaker 5: going to be in the first and second quarter of

543
00:28:58,760 --> 00:29:03,280
Speaker 5: the year. Really as a run up into the summertime,

544
00:29:03,360 --> 00:29:09,200
Speaker 5: this should set some kind of pace. I think RM

545
00:29:09,280 --> 00:29:12,120
Speaker 5: benefits from that first night of their eight I think

546
00:29:12,120 --> 00:29:15,320
Speaker 5: it's eight lots that are coming out of the Yes

547
00:29:16,440 --> 00:29:18,760
Speaker 5: and one thing about before I forget about this because

548
00:29:18,920 --> 00:29:22,360
Speaker 5: it ties in I was talking to in Paris. I

549
00:29:22,400 --> 00:29:24,520
Speaker 5: was talking to a great many people who are all

550
00:29:24,600 --> 00:29:27,960
Speaker 5: lamenting the fact that you know, the German economies in

551
00:29:27,960 --> 00:29:29,960
Speaker 5: the toilet. The French aren't really buying a lot of cars,

552
00:29:29,960 --> 00:29:34,920
Speaker 5: the Italians aren't robust right now, and the Netherlands is

553
00:29:35,440 --> 00:29:39,640
Speaker 5: kind of okay. The UK market is a little softer

554
00:29:39,720 --> 00:29:42,080
Speaker 5: than it should be. I think what I took away

555
00:29:42,120 --> 00:29:46,520
Speaker 5: from it was, especially from the German dealers, that the

556
00:29:46,560 --> 00:29:51,520
Speaker 5: brick and mortar stores and the folks normally walking in

557
00:29:51,640 --> 00:29:57,640
Speaker 5: and requesting certain things are not buying cars. But the

558
00:29:57,720 --> 00:30:00,440
Speaker 5: really wealthy top of the food chain guys are spending

559
00:30:00,440 --> 00:30:03,440
Speaker 5: all the money and they're seeing I mean, and I'm

560
00:30:03,480 --> 00:30:06,240
Speaker 5: talking about collections. It could be ten or two hundred cars.

561
00:30:07,480 --> 00:30:11,480
Speaker 5: These guys are coming in going well, everything will buy

562
00:30:11,520 --> 00:30:15,000
Speaker 5: on the dip. And now we now see things that

563
00:30:15,800 --> 00:30:18,600
Speaker 5: you know, X, Y and Z are on our you

564
00:30:18,640 --> 00:30:21,360
Speaker 5: know radar. And what made me think of that is

565
00:30:21,520 --> 00:30:25,000
Speaker 5: the nineteen oh seven Mercedes that RM has coming up,

566
00:30:25,000 --> 00:30:27,239
Speaker 5: that came out of the Indie Museum, and I know

567
00:30:27,440 --> 00:30:31,560
Speaker 5: there were two very prominent German buyers on you know,

568
00:30:31,600 --> 00:30:33,800
Speaker 5: thinking about coming over to bid on the car. And

569
00:30:33,880 --> 00:30:36,959
Speaker 5: when you hear that, you know they're not interested in

570
00:30:37,080 --> 00:30:40,280
Speaker 5: the pedestrian stuff, but they'll be strength and you know

571
00:30:40,360 --> 00:30:44,040
Speaker 5: that car I think the nineteen fifty seven SS Corvette.

572
00:30:44,400 --> 00:30:46,240
Speaker 5: We've got the nomenclature right.

573
00:30:46,400 --> 00:30:50,720
Speaker 2: Chevy Corvette SS project estimate five to seven million dollars.

574
00:30:50,800 --> 00:30:53,800
Speaker 5: Yep, that's I mean talking about Yeah.

575
00:30:53,680 --> 00:30:56,280
Speaker 2: The estimate on the Mercedes that you just mentioned is

576
00:30:56,320 --> 00:30:57,600
Speaker 2: seven to nine million dollars.

577
00:30:57,840 --> 00:31:03,040
Speaker 5: There's there are buyers, and those things cannot be replaced.

578
00:31:03,080 --> 00:31:08,520
Speaker 5: They haven't changed hands in forever. There's no you have to,

579
00:31:08,640 --> 00:31:11,040
Speaker 5: you know, dig into the history just you know, is

580
00:31:11,080 --> 00:31:14,200
Speaker 5: this the real deal? That none of that, none of

581
00:31:14,240 --> 00:31:18,280
Speaker 5: that pertains metics been vetted by the Indie Music Museum.

582
00:31:18,360 --> 00:31:20,440
Speaker 2: Yeah. I mean, you can't really ask for more than that.

583
00:31:20,680 --> 00:31:25,360
Speaker 5: No, And I think, you know, RM starting off strong

584
00:31:25,520 --> 00:31:28,920
Speaker 5: with those cars is very wise. I mean I had

585
00:31:29,080 --> 00:31:31,400
Speaker 5: a chat with Gord Duff when they got those cars,

586
00:31:31,440 --> 00:31:33,719
Speaker 5: and they couldn't have been happier, and I'm happier for them.

587
00:31:33,760 --> 00:31:37,760
Speaker 5: I mean, it's it's great. This is gor RM.

588
00:31:37,360 --> 00:31:40,800
Speaker 2: Yes, going back to this indie thing, of course, we

589
00:31:40,880 --> 00:31:43,760
Speaker 2: all watched the sale of the Mercedes Streamliner and Stute

590
00:31:43,760 --> 00:31:46,040
Speaker 2: Gart a couple of weeks ago as well, which was

591
00:31:46,080 --> 00:31:49,720
Speaker 2: another part of this Indy Car h or Indie Museum

592
00:31:50,000 --> 00:31:54,040
Speaker 2: series of sales. What was your take on that result,

593
00:31:55,160 --> 00:31:58,440
Speaker 2: and does that indicate anything for the values of Mercedes

594
00:31:58,480 --> 00:32:00,760
Speaker 2: in general or is that sort of you know, out

595
00:32:00,760 --> 00:32:01,840
Speaker 2: of a spectrum.

596
00:32:02,200 --> 00:32:03,680
Speaker 1: It's its own standalone thing.

597
00:32:03,840 --> 00:32:06,400
Speaker 5: That's that's exactly what it is. You just put a

598
00:32:06,400 --> 00:32:09,760
Speaker 5: bow around it. It's you know, it's not one of one,

599
00:32:09,800 --> 00:32:12,680
Speaker 5: it's one of a handful. It's a thing that you

600
00:32:13,960 --> 00:32:16,520
Speaker 5: I hope the person who buys it restores it to

601
00:32:16,560 --> 00:32:19,240
Speaker 5: the point where they can use it. And it's not

602
00:32:19,280 --> 00:32:24,600
Speaker 5: just static art. But that's that's a It's just like

603
00:32:24,680 --> 00:32:26,640
Speaker 5: the car that's sold a few years ago for one

604
00:32:26,720 --> 00:32:27,640
Speaker 5: hundred and forty two.

605
00:32:27,480 --> 00:32:29,920
Speaker 3: Million dollars now Mercedes, Yeah, it's yeah.

606
00:32:30,640 --> 00:32:33,800
Speaker 5: Yeah, the Ulin hout pro you know, sort of prove

607
00:32:33,920 --> 00:32:38,120
Speaker 5: that it's just not all Ferrari and Portia and it's Mercedes.

608
00:32:38,160 --> 00:32:42,760
Speaker 5: Benz Is. It's significant on every historical level in the

609
00:32:42,760 --> 00:32:47,120
Speaker 5: collector car world. And yeah, they don't make sports cars

610
00:32:47,200 --> 00:32:51,600
Speaker 5: per se, but boy, when they make something that people

611
00:32:51,680 --> 00:32:55,479
Speaker 5: want and it's significant in history, there's no shortage of

612
00:32:55,480 --> 00:32:58,400
Speaker 5: interest and people going to buy them. I mean, I

613
00:32:58,440 --> 00:33:00,760
Speaker 5: understand the Streamliner is coming back to the United States,

614
00:33:00,840 --> 00:33:03,400
Speaker 5: is what I was told. I don't know who the

615
00:33:03,440 --> 00:33:06,040
Speaker 5: final bidder was I knew. I think I believe I

616
00:33:06,080 --> 00:33:11,160
Speaker 5: know who the underbidder is. But things like that, much

617
00:33:11,200 --> 00:33:14,760
Speaker 5: like the handful of cars at Thursday at RM from

618
00:33:14,800 --> 00:33:18,880
Speaker 5: the museum, it's it's significant. I think that car was

619
00:33:18,880 --> 00:33:21,720
Speaker 5: on the money. I mean it's fifty three.

620
00:33:21,840 --> 00:33:23,680
Speaker 2: I think it was the final with all the fees

621
00:33:23,720 --> 00:33:26,640
Speaker 2: and everything. So it sounds like what you're saying is,

622
00:33:26,760 --> 00:33:29,640
Speaker 2: regardless of whether we're in Europe or in the United States,

623
00:33:30,200 --> 00:33:35,320
Speaker 2: the highest echelon bid or the most elite collector is

624
00:33:35,560 --> 00:33:38,960
Speaker 2: going to be buying and that remains unaffected.

625
00:33:39,520 --> 00:33:43,840
Speaker 5: That's that is a tiny part of the collecting world

626
00:33:43,920 --> 00:33:49,920
Speaker 5: and that's completely unaffected. It's it's that part of the population.

627
00:33:51,160 --> 00:33:53,440
Speaker 5: I guess, in the grander scheme of what's going on

628
00:33:53,520 --> 00:33:55,280
Speaker 5: in the economy of the United States, when they say,

629
00:33:55,280 --> 00:33:57,600
Speaker 5: you know, ten percent of the population is spending sixty

630
00:33:57,640 --> 00:34:01,400
Speaker 5: percent of the money on luxury goods and items that

631
00:34:01,760 --> 00:34:04,680
Speaker 5: you know they're not hurting for money. Well, these guys

632
00:34:04,840 --> 00:34:07,719
Speaker 5: just keep adding to their collections that are generational and

633
00:34:07,800 --> 00:34:09,600
Speaker 5: they're not buying them to re sell them. They're not

634
00:34:09,600 --> 00:34:12,640
Speaker 5: buying them as investments. They're buying them as things that

635
00:34:12,920 --> 00:34:15,640
Speaker 5: they want to acquire and appreciate.

636
00:34:15,800 --> 00:34:19,600
Speaker 2: Now without getting too political, I am very curious about

637
00:34:19,840 --> 00:34:23,560
Speaker 2: we can get you know, for lack of a better word,

638
00:34:23,600 --> 00:34:27,920
Speaker 2: the Trump effect, we've got a new person in the

639
00:34:27,920 --> 00:34:33,600
Speaker 2: White House, a completely new administration. Is that affecting We've

640
00:34:33,600 --> 00:34:36,360
Speaker 2: got you know, lots of things coming down the pike

641
00:34:38,080 --> 00:34:42,279
Speaker 2: might affect people with money or without money. How is

642
00:34:42,320 --> 00:34:45,840
Speaker 2: that affecting the choices that these buyers are making?

643
00:34:46,360 --> 00:34:50,680
Speaker 5: The pike is a traffic jam right now. I don't

644
00:34:50,719 --> 00:34:52,880
Speaker 5: know if it's because there's a collision going on or

645
00:34:52,920 --> 00:34:58,439
Speaker 5: it's just busy that you know, it's above my pay

646
00:34:58,440 --> 00:35:00,239
Speaker 5: grade to talk about the ECONO.

647
00:35:00,280 --> 00:35:01,239
Speaker 4: Like never stopped usk.

648
00:35:01,320 --> 00:35:04,520
Speaker 5: Yeah, I know, I know, I know. Well, what I

649
00:35:04,600 --> 00:35:10,080
Speaker 5: will say is the year leading up to the election,

650
00:35:11,320 --> 00:35:15,000
Speaker 5: everybody had an excuse that would make them feel better

651
00:35:16,160 --> 00:35:19,759
Speaker 5: to not spend money. Yes, you know what, Well it's

652
00:35:20,120 --> 00:35:22,440
Speaker 5: an election year. Well what is that going to do

653
00:35:22,560 --> 00:35:24,440
Speaker 5: to you in the car that you want to buy?

654
00:35:24,480 --> 00:35:27,080
Speaker 5: At the end of the day, and unless you're working

655
00:35:27,120 --> 00:35:31,480
Speaker 5: in Washington and your job may not exist anymore. And

656
00:35:31,520 --> 00:35:34,400
Speaker 5: nobody knew that. Nobody knew that, you know that the

657
00:35:34,440 --> 00:35:36,520
Speaker 5: administration was going to burn everything to the ground and

658
00:35:36,560 --> 00:35:40,200
Speaker 5: then start up again. And you know, effectively lay off

659
00:35:40,400 --> 00:35:44,520
Speaker 5: a few hundred thousand people given their opportunity. There was

660
00:35:44,600 --> 00:35:48,560
Speaker 5: always an excuse twelve months out, and whether it was

661
00:35:49,200 --> 00:35:53,120
Speaker 5: in Israel and Gaza, Ukraine and the Soviets, is China

662
00:35:53,200 --> 00:35:56,120
Speaker 5: going to invade Taiwan I'm not happy about. You know,

663
00:35:56,160 --> 00:36:03,319
Speaker 5: there's always a reason, and it's it's purely psychological mental masturbation.

664
00:36:03,480 --> 00:36:07,040
Speaker 5: I mean, it's all it is. It's just okay, well,

665
00:36:07,360 --> 00:36:10,280
Speaker 5: you know, if you're not comfortable enough spending your own money,

666
00:36:10,400 --> 00:36:12,759
Speaker 5: just say it just now is not the right time.

667
00:36:12,800 --> 00:36:16,000
Speaker 5: But whoever's going to become president, unless unless he's going

668
00:36:16,080 --> 00:36:17,560
Speaker 5: to give you a job in the White House and

669
00:36:17,560 --> 00:36:19,160
Speaker 5: take up all your time where you can't do the

670
00:36:19,160 --> 00:36:22,520
Speaker 5: Colorado ground or you can't go to Pebble Beach, what

671
00:36:22,600 --> 00:36:27,200
Speaker 5: does it matter. It's it's all. It's mental duck soup.

672
00:36:27,360 --> 00:36:31,280
Speaker 5: I mean, it really is. It's people gnashing their teeth

673
00:36:31,640 --> 00:36:35,520
Speaker 5: for the art of gnashing their teeth. And I always,

674
00:36:37,000 --> 00:36:38,680
Speaker 5: you know, having to make a living at this, you

675
00:36:38,760 --> 00:36:43,520
Speaker 5: kind of politely so sort of live and listen and go, okay, well,

676
00:36:44,120 --> 00:36:47,520
Speaker 5: does that mean after the election you'll be spending money?

677
00:36:47,600 --> 00:36:49,280
Speaker 1: Because that was my next question.

678
00:36:49,400 --> 00:36:57,560
Speaker 5: Yeah, I mean, I haven't seen anything change, but looking

679
00:36:57,600 --> 00:37:02,680
Speaker 5: at the whole year, I mean, nothing has stopped people

680
00:37:02,719 --> 00:37:06,799
Speaker 5: from spending money. In the last twenty four months. I

681
00:37:06,840 --> 00:37:10,799
Speaker 5: think there have been massive corrections in the marketplace, but

682
00:37:11,040 --> 00:37:15,680
Speaker 5: the amount of commerce and the transaction rate, and you

683
00:37:15,719 --> 00:37:17,640
Speaker 5: look at the obvious things. You look at bring a

684
00:37:17,719 --> 00:37:22,279
Speaker 5: trailer having sold forty four thousand cars last year online. Yeah,

685
00:37:22,360 --> 00:37:24,920
Speaker 5: I mean for a bill it's a billion five And

686
00:37:26,200 --> 00:37:32,680
Speaker 5: you know it's it's that that whole paradigm shift affects

687
00:37:33,080 --> 00:37:35,320
Speaker 5: everything in the collector car world.

688
00:37:35,960 --> 00:37:38,160
Speaker 1: You mean the shift to buying cars online.

689
00:37:38,280 --> 00:37:44,120
Speaker 5: Yeah, I think for as much lamenting in my peer group,

690
00:37:45,160 --> 00:37:48,960
Speaker 5: with people not transacting the way they used to. And

691
00:37:49,000 --> 00:37:51,879
Speaker 5: by that, I mean, you know, brick and mortar and

692
00:37:52,080 --> 00:37:58,560
Speaker 5: or website sales seem to be you know, the old

693
00:37:59,480 --> 00:38:02,399
Speaker 5: splinter in your in your thumbnail. I mean it's one

694
00:38:02,400 --> 00:38:04,719
Speaker 5: of those. I've had this car for six months and

695
00:38:04,719 --> 00:38:06,200
Speaker 5: i haven't had any interest in it, and I think

696
00:38:06,200 --> 00:38:09,759
Speaker 5: I've priced it right. And then if you put an

697
00:38:09,760 --> 00:38:15,200
Speaker 5: accelerated time frame for someone to make a decision to

698
00:38:15,239 --> 00:38:18,319
Speaker 5: buy something, you can sell it by meaning if you

699
00:38:18,360 --> 00:38:20,120
Speaker 5: put it in an auction like we're going to see

700
00:38:20,120 --> 00:38:22,480
Speaker 5: over the next ten days that are alive, or if

701
00:38:22,520 --> 00:38:27,840
Speaker 5: you give it, you give it a shot online, you'll

702
00:38:27,840 --> 00:38:30,600
Speaker 5: sell it. You if you're a sense of urgency, Yeah,

703
00:38:31,120 --> 00:38:34,840
Speaker 5: if your intent is to sell something and not hold

704
00:38:34,880 --> 00:38:38,560
Speaker 5: out for a dollar amount that you think is correct

705
00:38:38,840 --> 00:38:44,440
Speaker 5: versus what the market insists is correct. Everything should come

706
00:38:44,480 --> 00:38:47,080
Speaker 5: online at no reserve and everything will sell. Everything will

707
00:38:47,080 --> 00:38:51,759
Speaker 5: find a home, the only things. And I'm my own

708
00:38:52,160 --> 00:38:54,960
Speaker 5: little world. I can I can watch this on a

709
00:38:55,000 --> 00:38:57,640
Speaker 5: micro level, and I've got nine cars on bring a

710
00:38:57,640 --> 00:38:59,719
Speaker 5: trailer right now this week. This is part of your

711
00:38:59,760 --> 00:39:06,240
Speaker 5: grop yes with with cam Ingram friend, and we try

712
00:39:06,400 --> 00:39:08,759
Speaker 5: we don't want to take these cars home. We want

713
00:39:08,760 --> 00:39:12,480
Speaker 5: to sell all nine cars, and we try to work

714
00:39:13,760 --> 00:39:16,879
Speaker 5: all of the cars except one or on consignment, and

715
00:39:17,560 --> 00:39:20,000
Speaker 5: we try to tell the people who are giving us

716
00:39:20,040 --> 00:39:22,759
Speaker 5: the cars to sell. You know, I don't care what

717
00:39:22,800 --> 00:39:25,919
Speaker 5: you think it's worth. And you cannot cherry pick high

718
00:39:26,000 --> 00:39:29,319
Speaker 5: numbers from the past six months of things that kind

719
00:39:29,320 --> 00:39:31,560
Speaker 5: of relate to your car. If you put this on

720
00:39:31,600 --> 00:39:34,440
Speaker 5: here at no reserve, you will get all the money

721
00:39:34,440 --> 00:39:37,279
Speaker 5: in the world because there are seven hundred thousand registered

722
00:39:37,280 --> 00:39:40,640
Speaker 5: bidders watching this and if they all you need is

723
00:39:40,680 --> 00:39:43,200
Speaker 5: two people to decide they want your car. So if

724
00:39:43,239 --> 00:39:46,160
Speaker 5: you have something, especially if you have something that is unique,

725
00:39:46,480 --> 00:39:51,520
Speaker 5: it's unrepeatable, it's fairly priced, and it is without exception,

726
00:39:52,320 --> 00:39:56,000
Speaker 5: it's gone. It'll be sold. And the only reason why

727
00:39:56,040 --> 00:39:58,560
Speaker 5: things don't sell. And I've got three Ferraris in the

728
00:39:58,600 --> 00:40:03,360
Speaker 5: last sixty days that have not sold were because the

729
00:40:03,400 --> 00:40:07,600
Speaker 5: owners were ten percent optimistic on their price and we

730
00:40:07,640 --> 00:40:09,839
Speaker 5: couldn't talk them off of that cliff. It was like,

731
00:40:10,800 --> 00:40:13,200
Speaker 5: this is not going to work, and we can give

732
00:40:13,200 --> 00:40:16,239
Speaker 5: it a shot. And if all these cars fall ten

733
00:40:16,320 --> 00:40:19,239
Speaker 5: to fifteen percent short in the bidding, well, I don't

734
00:40:19,280 --> 00:40:22,839
Speaker 5: want to be right because I'd rather sell the car, right,

735
00:40:23,000 --> 00:40:23,319
Speaker 5: you know.

736
00:40:23,520 --> 00:40:24,280
Speaker 2: How to make money.

737
00:40:24,360 --> 00:40:26,560
Speaker 5: Yeah, just because it has a Ferrari badge on it

738
00:40:26,560 --> 00:40:29,960
Speaker 5: doesn't mean it's going to immediately sell for what the

739
00:40:30,080 --> 00:40:32,960
Speaker 5: last one sold for, any more than a Porsche Badge

740
00:40:33,040 --> 00:40:35,080
Speaker 5: or a Chevy Badger or anything else.

741
00:40:43,200 --> 00:40:45,680
Speaker 2: Can we talk about this for a second, this idea

742
00:40:45,800 --> 00:40:49,399
Speaker 2: of listing a car at no reserve. Yeah, because Matt

743
00:40:49,400 --> 00:40:52,040
Speaker 2: and I have talked about this a lot. It sounds

744
00:40:52,080 --> 00:40:55,520
Speaker 2: like you're saying every car, if it's sold online, should

745
00:40:55,600 --> 00:40:58,080
Speaker 2: be offered at no reserve. Is that what you're saying,

746
00:40:58,320 --> 00:41:01,160
Speaker 2: or is there a case for some cars have a

747
00:41:01,200 --> 00:41:01,920
Speaker 2: reserve price?

748
00:41:02,080 --> 00:41:06,520
Speaker 5: Well, I mean, I mean the reality tell.

749
00:41:06,480 --> 00:41:07,680
Speaker 2: Us the game theory behind it.

750
00:41:07,719 --> 00:41:11,040
Speaker 5: The reality of it is, if you really want to

751
00:41:11,080 --> 00:41:13,400
Speaker 5: sell something and you want to make space in your

752
00:41:13,440 --> 00:41:17,640
Speaker 5: garage where you need the money and or the hundred

753
00:41:17,680 --> 00:41:20,640
Speaker 5: reasons that you want to sell your car, if you

754
00:41:20,640 --> 00:41:23,200
Speaker 5: put it on it a reserve, it's going to sell. Now.

755
00:41:24,080 --> 00:41:27,640
Speaker 5: If you panic at the last moment and you think

756
00:41:27,680 --> 00:41:30,400
Speaker 5: your car is orth one hundred thousand dollars and everybody

757
00:41:30,440 --> 00:41:32,480
Speaker 5: thinks it's one hundred thousand dollars and on that day

758
00:41:32,960 --> 00:41:36,480
Speaker 5: it's seventy five thousand dollars and the final BID's coming down,

759
00:41:36,680 --> 00:41:38,839
Speaker 5: the reality of it is you can buy the car back,

760
00:41:39,000 --> 00:41:42,600
Speaker 5: go to a friend. I mean, I dare say this

761
00:41:42,680 --> 00:41:45,239
Speaker 5: is not nothing that you want to do and or

762
00:41:45,280 --> 00:41:50,799
Speaker 5: should be promoted, but have somebody register legitimately. Obviously, you

763
00:41:50,840 --> 00:41:54,359
Speaker 5: can't bid on your own car, so do not prop up.

764
00:41:54,840 --> 00:41:56,640
Speaker 5: Do not prop up your own car with your own

765
00:41:56,680 --> 00:41:58,759
Speaker 5: false bidding, because you get caught doing it, it'll be

766
00:41:58,760 --> 00:41:59,440
Speaker 5: embarrassing for.

767
00:41:59,400 --> 00:42:01,120
Speaker 1: Everybody, get kicked off the platform.

768
00:42:01,200 --> 00:42:05,680
Speaker 5: Yeah, it's just it's no bueno. So have a friend

769
00:42:06,080 --> 00:42:09,759
Speaker 5: who has a credit card register under his name, and

770
00:42:09,840 --> 00:42:13,719
Speaker 5: if you want to buy your car back, you pay

771
00:42:13,760 --> 00:42:16,120
Speaker 5: the fee, pay the seven and a half percent up

772
00:42:16,160 --> 00:42:18,600
Speaker 5: to one hundred thousand dollars to buy your own car back.

773
00:42:19,080 --> 00:42:21,880
Speaker 5: And then what I like to say to people is,

774
00:42:22,960 --> 00:42:25,400
Speaker 5: all right, well, you just bought your car back for

775
00:42:25,440 --> 00:42:30,839
Speaker 5: that number, and that's only awful if oh, you've owned

776
00:42:30,880 --> 00:42:33,280
Speaker 5: something for twenty years and you paid twenty five thousand

777
00:42:33,280 --> 00:42:36,440
Speaker 5: dollars for it, now you think it's worth two hundred, right,

778
00:42:36,560 --> 00:42:40,359
Speaker 5: and it gets bid to one fifty and you have

779
00:42:40,400 --> 00:42:42,200
Speaker 5: to buy it back. Well, you just bought your you.

780
00:42:42,200 --> 00:42:44,919
Speaker 1: Just raised your just your bottom line, you just raised.

781
00:42:45,160 --> 00:42:46,840
Speaker 5: Now you you just bought your own car back for

782
00:42:46,920 --> 00:42:49,360
Speaker 5: one hundred and fifty thousand dollars plus the fee. So

783
00:42:52,440 --> 00:42:53,680
Speaker 5: there is a I don't know there's going to be

784
00:42:53,719 --> 00:42:56,680
Speaker 5: a psychological term for it. And I'm sure if I

785
00:42:56,920 --> 00:42:59,360
Speaker 5: slept on this and thought about it as a homework assignment,

786
00:42:59,400 --> 00:43:02,680
Speaker 5: i'd give you a clever title for this chapter. But

787
00:43:02,719 --> 00:43:06,600
Speaker 5: there's a there's a mental number in someone's head when

788
00:43:06,600 --> 00:43:08,440
Speaker 5: they buy something and they think this is what it

789
00:43:08,480 --> 00:43:13,719
Speaker 5: should be worth. It's impossible. It's like trying to run

790
00:43:13,760 --> 00:43:17,040
Speaker 5: a road race holding a cup of hot water. You

791
00:43:17,080 --> 00:43:19,480
Speaker 5: can't do it every day in and out, because I

792
00:43:19,520 --> 00:43:21,399
Speaker 5: say to people all the time. And then we'll get

793
00:43:21,440 --> 00:43:23,440
Speaker 5: to go back to your question about what I'm looking

794
00:43:23,480 --> 00:43:24,320
Speaker 5: for in the auctions.

795
00:43:24,440 --> 00:43:26,120
Speaker 1: Yes, we'll put it there.

796
00:43:26,320 --> 00:43:33,440
Speaker 5: We have it's it's the word for this year is

797
00:43:34,040 --> 00:43:40,360
Speaker 5: mercurial or it's it's. I suppose that's fair as unpredictable

798
00:43:41,080 --> 00:43:44,960
Speaker 5: because and I've said this to clients, you can have

799
00:43:45,000 --> 00:43:47,880
Speaker 5: two of the exact same cars, and I mean identical

800
00:43:48,239 --> 00:43:53,000
Speaker 5: examples of something, and you sell one on Tuesday. There's

801
00:43:53,000 --> 00:43:55,279
Speaker 5: no guarantee that second car will sell for the same

802
00:43:55,320 --> 00:43:59,600
Speaker 5: amount on that Wednesday. There's just no there's no predicting

803
00:43:59,640 --> 00:44:03,120
Speaker 5: it right now now, which is the modern car world,

804
00:44:03,880 --> 00:44:07,359
Speaker 5: the modern collecting world, the wanting buying world, with all

805
00:44:07,440 --> 00:44:10,640
Speaker 5: of this information coming at you twenty four to seven

806
00:44:10,800 --> 00:44:16,400
Speaker 5: online and time kills all deals. The minute somebody starts

807
00:44:16,440 --> 00:44:20,880
Speaker 5: thinking about something, they will derail themselves in the process

808
00:44:21,719 --> 00:44:26,279
Speaker 5: faster than anything else. They will certainly convince themselves that,

809
00:44:26,800 --> 00:44:28,719
Speaker 5: you know, the number is not right now, is not

810
00:44:28,760 --> 00:44:32,760
Speaker 5: the right time, whatever it is, and gone other days

811
00:44:32,760 --> 00:44:37,640
Speaker 5: are you know? The simple impulse buys I don't think

812
00:44:37,920 --> 00:44:40,040
Speaker 5: there are very few impulse buyers right now, and I

813
00:44:40,080 --> 00:44:42,319
Speaker 5: think you know, that's the difference between twenty years ago.

814
00:44:42,360 --> 00:44:44,520
Speaker 5: People would go, let me try that out, give this

815
00:44:44,560 --> 00:44:48,600
Speaker 5: a shot. Everything is very well calculated for good or

816
00:44:48,600 --> 00:44:50,040
Speaker 5: for bad now. I mean it takes away a lot

817
00:44:50,040 --> 00:44:53,160
Speaker 5: of the fun impulse, and then I suppose prevents a

818
00:44:53,200 --> 00:44:59,319
Speaker 5: lot of people from making mistakes as well. But it's unpredictable.

819
00:44:59,360 --> 00:45:01,319
Speaker 5: The market is utterly unpredictable.

820
00:45:01,760 --> 00:45:04,600
Speaker 2: So it sounds like you're saying that online auctions have

821
00:45:04,719 --> 00:45:07,920
Speaker 2: certainly changed the market. But the truth of the matter

822
00:45:08,680 --> 00:45:13,400
Speaker 2: is also that we still have public live brick and mortar,

823
00:45:13,440 --> 00:45:15,640
Speaker 2: for lack of a better word, sales too, And it

824
00:45:15,680 --> 00:45:19,040
Speaker 2: seems like there is a place for that type of auction.

825
00:45:20,160 --> 00:45:23,319
Speaker 5: You cannot have one and not the other.

826
00:45:23,520 --> 00:45:26,480
Speaker 2: What does What does the live auction, the traditional auction

827
00:45:27,239 --> 00:45:32,600
Speaker 2: give that people want that still has value aside from

828
00:45:32,920 --> 00:45:33,760
Speaker 2: the online auction.

829
00:45:35,520 --> 00:45:37,600
Speaker 5: It's like having it. You know, do you want a

830
00:45:37,640 --> 00:45:39,719
Speaker 5: house in New York or a house in Los Angeles

831
00:45:39,840 --> 00:45:42,080
Speaker 5: or both? You know you want to do both both,

832
00:45:42,120 --> 00:45:48,960
Speaker 5: And it's a good question. The live auctions will always

833
00:45:49,360 --> 00:45:54,600
Speaker 5: They're always needed, and I think the obvious example is

834
00:45:54,680 --> 00:45:57,719
Speaker 5: you know why you cannot sell that Streamliner or the

835
00:45:57,719 --> 00:46:00,200
Speaker 5: two fifty LM or any of these indie cars on

836
00:46:00,520 --> 00:46:03,200
Speaker 5: an online platform. You need to see them, You need

837
00:46:03,239 --> 00:46:04,719
Speaker 5: to be part of the process, You need to do

838
00:46:04,760 --> 00:46:08,840
Speaker 5: your due diligence, You need to properly have access to

839
00:46:08,880 --> 00:46:13,439
Speaker 5: the automobiles. You know, in many ways, you have more

840
00:46:13,800 --> 00:46:18,279
Speaker 5: access to something you're buying online if you make the

841
00:46:18,280 --> 00:46:20,280
Speaker 5: effort to go visit the car before it gets sold

842
00:46:20,320 --> 00:46:22,279
Speaker 5: and you can take it out for a proper test,

843
00:46:22,360 --> 00:46:25,160
Speaker 5: drivenue that yeah, and you can do a compression, the

844
00:46:25,200 --> 00:46:28,319
Speaker 5: leakdown test, and you can maybe do some metallurgy tests,

845
00:46:28,360 --> 00:46:30,160
Speaker 5: or you can do whatever you need to do. There's

846
00:46:30,200 --> 00:46:32,880
Speaker 5: more in many ways, more access where some of the

847
00:46:33,520 --> 00:46:37,000
Speaker 5: live auction companies don't let you drive a car, or

848
00:46:37,040 --> 00:46:39,320
Speaker 5: they drive them for you, which is a little unfair,

849
00:46:41,120 --> 00:46:45,880
Speaker 5: but there are certain cars that they just benefit from

850
00:46:45,920 --> 00:46:50,319
Speaker 5: being in a live room with a proper live presentation,

851
00:46:50,760 --> 00:46:55,719
Speaker 5: and that boils down to you know, collections. I'm thinking back.

852
00:46:55,760 --> 00:46:58,800
Speaker 5: I'm thinking back when David Gooding sold a Fellow. But

853
00:46:58,840 --> 00:47:01,360
Speaker 5: then if Hubert Fabrey's cars in London a handful of

854
00:47:01,440 --> 00:47:05,400
Speaker 5: years ago, those weren't cars that you sell online. You

855
00:47:05,560 --> 00:47:09,080
Speaker 5: need to sell those vintage Bugattis and Elphas and a

856
00:47:09,200 --> 00:47:13,560
Speaker 5: special Aston Martin special Ferrari. There's things you need to

857
00:47:14,280 --> 00:47:17,160
Speaker 5: you need to see, and they need to be promoted

858
00:47:18,040 --> 00:47:24,719
Speaker 5: differently than a seven day auction online. It's not I

859
00:47:24,760 --> 00:47:27,120
Speaker 5: don't want to say top of the food chain. Stuff

860
00:47:27,200 --> 00:47:30,080
Speaker 5: should be sold live because that's unkind. And there are

861
00:47:30,120 --> 00:47:33,120
Speaker 5: plenty of cars that have sold for over a million

862
00:47:33,200 --> 00:47:35,440
Speaker 5: dollars and up to I think four or five million

863
00:47:35,480 --> 00:47:39,920
Speaker 5: dollars online, but they're more commodity items that are easier

864
00:47:39,960 --> 00:47:43,759
Speaker 5: to understand looking at two or three hundred photos and

865
00:47:43,800 --> 00:47:48,400
Speaker 5: watching a video than actually going in person and appreciating

866
00:47:49,960 --> 00:47:53,319
Speaker 5: whether it's calling those cars the old masters of the

867
00:47:53,360 --> 00:47:56,479
Speaker 5: collector car world versus the taped banana on the wall.

868
00:47:56,640 --> 00:48:02,480
Speaker 2: You know, agree with you, but okay.

869
00:48:02,719 --> 00:48:05,000
Speaker 5: Just prove proving how much money is out there.

870
00:48:06,080 --> 00:48:10,480
Speaker 2: There's a sense of occasion there, there is a yeah and.

871
00:48:11,000 --> 00:48:14,160
Speaker 5: This you have to you have to have both. There's

872
00:48:14,200 --> 00:48:17,120
Speaker 5: plenty of room in the world. I would never advocate

873
00:48:17,719 --> 00:48:20,280
Speaker 5: for just one or the other. I mean, the simple

874
00:48:20,320 --> 00:48:22,759
Speaker 5: fact of the matter is, and I think you'd get

875
00:48:22,760 --> 00:48:28,040
Speaker 5: this by no means, do I know this? You know?

876
00:48:28,480 --> 00:48:31,480
Speaker 5: Can I tell you what's in Randy Nunnenberg's head after

877
00:48:31,520 --> 00:48:35,600
Speaker 5: having created Bring a Trailer. I don't think Randy in

878
00:48:35,680 --> 00:48:42,560
Speaker 5: his craziest, wildest, quietest dreams, would have said, we're going

879
00:48:42,640 --> 00:48:44,960
Speaker 5: to sell, you know, a thousand cars a week or

880
00:48:44,960 --> 00:48:47,239
Speaker 5: eight hundred cars a week, and this is going to

881
00:48:47,320 --> 00:48:52,040
Speaker 5: be the shift. This again, I use the overused phrase

882
00:48:52,080 --> 00:48:56,000
Speaker 5: of paradigm shift in the market, but I I don't

883
00:48:56,000 --> 00:48:58,960
Speaker 5: need a showroom anymore. I need a place to photograph

884
00:48:59,080 --> 00:49:01,560
Speaker 5: cars and you know, put him on his site and

885
00:49:01,640 --> 00:49:04,640
Speaker 5: sell them. I don't think. I mean, there are entire

886
00:49:04,719 --> 00:49:09,399
Speaker 5: businesses now that have populated the United States and now

887
00:49:09,440 --> 00:49:12,759
Speaker 5: going into Europe, where you know, you have Bring a

888
00:49:12,800 --> 00:49:15,680
Speaker 5: Trailer partners. I mean, I'm one of their partners for

889
00:49:15,719 --> 00:49:19,560
Speaker 5: the state of Massachusetts. But you've got businesses set up

890
00:49:19,640 --> 00:49:24,080
Speaker 5: with ten, fifteen, sometimes twenty employees. And now this gentleman

891
00:49:24,120 --> 00:49:27,440
Speaker 5: who runs the under the name sixteen hundred Voloce online,

892
00:49:28,160 --> 00:49:30,719
Speaker 5: he's got a spot in the Northeast, and now he's

893
00:49:30,760 --> 00:49:34,080
Speaker 5: opened up a spot in Germany because he's accessed a

894
00:49:34,160 --> 00:49:38,920
Speaker 5: huge collection of cars. And you need a presence in Europe,

895
00:49:38,920 --> 00:49:40,520
Speaker 5: and you need a presence in the United States, and

896
00:49:40,560 --> 00:49:42,719
Speaker 5: so now there are all these little you know, it's

897
00:49:42,880 --> 00:49:45,640
Speaker 5: sort of the online version of people making money off

898
00:49:45,640 --> 00:49:49,400
Speaker 5: of TikTok. Well who knew people could make money off TikTok? Yes, well,

899
00:49:49,640 --> 00:49:52,000
Speaker 5: apparently there are seven million people that earned some sort

900
00:49:52,040 --> 00:49:54,920
Speaker 5: of living off of TikTok. And now there's hundreds of

901
00:49:54,960 --> 00:50:01,880
Speaker 5: people making a living off of online auctions. So it's interesting.

902
00:50:02,000 --> 00:50:03,680
Speaker 5: And bring a trail is not the only one. I

903
00:50:03,719 --> 00:50:08,120
Speaker 5: mean cars and bids and you have collecting cars and

904
00:50:08,160 --> 00:50:12,719
Speaker 5: you know that's it's a booming business. And I think

905
00:50:12,800 --> 00:50:17,400
Speaker 5: there is a little auction fatigue. I mean that's the

906
00:50:17,440 --> 00:50:21,040
Speaker 5: other thing which leads to unpredictability in the marketplace. I mean,

907
00:50:21,080 --> 00:50:25,000
Speaker 5: it's so easy to buy a car now that it

908
00:50:25,120 --> 00:50:30,239
Speaker 5: takes away some of the special focus that you used

909
00:50:30,280 --> 00:50:32,640
Speaker 5: to have to go digging, you know, right.

910
00:50:32,640 --> 00:50:34,680
Speaker 2: Or wait, like, you know, wait a couple of months

911
00:50:34,760 --> 00:50:38,359
Speaker 2: until the annual sale comes around. I sometimes wonder if

912
00:50:38,400 --> 00:50:42,319
Speaker 2: coronavirus had something to do with that where everything I

913
00:50:42,360 --> 00:50:45,279
Speaker 2: certainly noticed it in reporting and car launches and car

914
00:50:45,320 --> 00:50:48,799
Speaker 2: events for new cars. You know, everyone kind of realized, oh,

915
00:50:48,800 --> 00:50:52,080
Speaker 2: we don't have to follow this calendar schedule.

916
00:50:51,719 --> 00:50:53,360
Speaker 1: We used to follow with our debuts.

917
00:50:53,400 --> 00:50:56,640
Speaker 2: And our launches, and we could only debut cars at

918
00:50:56,719 --> 00:51:00,279
Speaker 2: you know, in the Detroit Automotive Show. Now kind of

919
00:51:00,280 --> 00:51:02,959
Speaker 2: freed everyone up. We can launch a car whenever we want.

920
00:51:04,200 --> 00:51:06,600
Speaker 2: Did you see the same thing happen with car auctions?

921
00:51:07,239 --> 00:51:10,120
Speaker 5: Well, I think that's fair. I mean you go back

922
00:51:10,120 --> 00:51:15,279
Speaker 5: to l A, Detroit, Geneva, Paris, all those shows are

923
00:51:15,840 --> 00:51:19,040
Speaker 5: they're like, there's no need or close to it. They're close.

924
00:51:19,160 --> 00:51:21,440
Speaker 5: It's it's you know, they're they're buggy whips.

925
00:51:22,680 --> 00:51:22,839
Speaker 2: Oh.

926
00:51:22,920 --> 00:51:27,640
Speaker 5: I think during Corona, you know, during COVID, during that

927
00:51:27,880 --> 00:51:32,799
Speaker 5: virus time, the sense of mortality changed for a lot

928
00:51:32,800 --> 00:51:36,480
Speaker 5: of people, which turned out to be true for a

929
00:51:36,480 --> 00:51:39,400
Speaker 5: few and and not true for the majority of the population,

930
00:51:39,440 --> 00:51:41,520
Speaker 5: where everybody went, what am I waiting for? I might

931
00:51:41,560 --> 00:51:43,239
Speaker 5: be locked in forever. I got to buy this. I

932
00:51:43,280 --> 00:51:44,799
Speaker 5: want to do this thing I've never done before. I

933
00:51:44,800 --> 00:51:47,280
Speaker 5: want to get it done. And there was a COVID

934
00:51:47,400 --> 00:51:50,760
Speaker 5: spike in the marketplace, and that has since come back down,

935
00:51:50,920 --> 00:51:54,120
Speaker 5: Like like any hockey stick spike in a market it

936
00:51:54,320 --> 00:51:57,240
Speaker 5: it reaches the top and then the elevator cable breaks

937
00:51:57,239 --> 00:52:00,560
Speaker 5: and it comes right back down to reality. Yeah, I

938
00:52:00,560 --> 00:52:06,280
Speaker 5: think that that lent itself to the quantity of things

939
00:52:06,320 --> 00:52:09,040
Speaker 5: that were being offered, and certainly the quantity of things

940
00:52:09,080 --> 00:52:14,520
Speaker 5: that were being bought at eyewatering surprising prices. And I

941
00:52:14,520 --> 00:52:20,839
Speaker 5: think since that time the car marketplaces have been unpredictable

942
00:52:20,880 --> 00:52:23,279
Speaker 5: since that time, because nobody could have predicted that the

943
00:52:23,320 --> 00:52:25,799
Speaker 5: market would have gone crazy with everybody being locked in,

944
00:52:26,440 --> 00:52:29,640
Speaker 5: and then it corrected downwards, and then it flattened out,

945
00:52:29,719 --> 00:52:32,239
Speaker 5: and then some other cars came down over the last

946
00:52:32,239 --> 00:52:36,280
Speaker 5: few years, while a handful of cars and I suppose

947
00:52:36,320 --> 00:52:39,360
Speaker 5: we could circle back to your original question about what

948
00:52:39,400 --> 00:52:42,560
Speaker 5: I'm looking at to watch for little trends in marketplace,

949
00:52:42,920 --> 00:52:46,279
Speaker 5: and there are cars that five years ago, if I

950
00:52:46,360 --> 00:52:48,480
Speaker 5: certainly had a crystal ball that was worth a dam,

951
00:52:48,920 --> 00:52:51,440
Speaker 5: I would have bought a dozen of these things and

952
00:52:51,760 --> 00:52:55,600
Speaker 5: invested some clients money in them, and then retired after

953
00:52:55,680 --> 00:52:57,560
Speaker 5: this year. Because they're name names.

954
00:52:57,600 --> 00:52:58,120
Speaker 1: What are they?

955
00:52:58,280 --> 00:53:00,880
Speaker 5: Well, I mean, you pick anything with the roof badge

956
00:53:00,880 --> 00:53:03,200
Speaker 5: on it, I want to talk to you about that,

957
00:53:03,280 --> 00:53:06,840
Speaker 5: and then you took anything list There was such a

958
00:53:06,920 --> 00:53:12,239
Speaker 5: disparaging phrase. My friend Andrew Hall used to call the

959
00:53:12,239 --> 00:53:15,080
Speaker 5: Ferrari supercars. I mean the two eighty eight gto the

960
00:53:15,160 --> 00:53:17,080
Speaker 5: F forty, the F fifty the ends of the left Ferrari,

961
00:53:17,120 --> 00:53:20,680
Speaker 5: he would just call them the you know wives of

962
00:53:20,719 --> 00:53:24,400
Speaker 5: the footballers cars, sure, because you know you just signed

963
00:53:25,640 --> 00:53:29,719
Speaker 5: well well, he meant that as this, He meant that

964
00:53:29,760 --> 00:53:32,640
Speaker 5: it as a very uncreative way to spend your money,

965
00:53:33,480 --> 00:53:37,000
Speaker 5: acting like everybody else. And as it turns out, you know,

966
00:53:37,200 --> 00:53:41,440
Speaker 5: I had two eighty eight GTOs in my inventory that

967
00:53:41,480 --> 00:53:43,880
Speaker 5: you couldn't give away for a long time ago, Carera

968
00:53:43,960 --> 00:53:46,520
Speaker 5: gts that were difficult to sell, nine eighteens that were

969
00:53:46,719 --> 00:53:51,040
Speaker 5: difficult to sell. And I think the pattern is as

970
00:53:51,760 --> 00:53:55,520
Speaker 5: some people are aging out, there's so much newer money

971
00:53:55,560 --> 00:53:58,400
Speaker 5: with a younger generation of people, they don't want the

972
00:53:58,440 --> 00:54:03,880
Speaker 5: cars that a great many folks wanted for twenty years.

973
00:54:03,680 --> 00:54:06,839
Speaker 5: There's always going to be a to answer your question,

974
00:54:06,880 --> 00:54:10,600
Speaker 5: what I'm going to watch is like the iconic classic

975
00:54:10,719 --> 00:54:12,560
Speaker 5: cars would be the first thing that I always watch,

976
00:54:12,680 --> 00:54:16,680
Speaker 5: And by that I mean it's again it's the predictable

977
00:54:16,719 --> 00:54:20,399
Speaker 5: things that people getting in as new buyers will want

978
00:54:20,440 --> 00:54:23,680
Speaker 5: to buy. And now topping that market is probably any

979
00:54:23,760 --> 00:54:27,120
Speaker 5: kind of Mura, Lamborghini Mura, you know, the P four hundred,

980
00:54:27,200 --> 00:54:31,279
Speaker 5: the SDSV. They've shot up greatly in value arguably one

981
00:54:31,280 --> 00:54:35,200
Speaker 5: of the greatest artworks of all time that happens to

982
00:54:35,200 --> 00:54:38,680
Speaker 5: be an automobile. I'll watch watch the Mirror, I'll watch

983
00:54:38,760 --> 00:54:41,440
Speaker 5: any three hundred sl I'll watch still.

984
00:54:42,120 --> 00:54:46,399
Speaker 2: I feel like those have been just consistent blue years. Yeah,

985
00:54:46,440 --> 00:54:49,160
Speaker 2: those are just you're still watching those. Just as an indicator.

986
00:54:50,120 --> 00:54:55,359
Speaker 5: Any two seventy five GTB Ferrari portious speedsters. I don't

987
00:54:55,360 --> 00:54:57,799
Speaker 5: think this is an aston Martin dB five, but they

988
00:54:57,800 --> 00:55:01,640
Speaker 5: are the easy to understand and iconic in a Cobra

989
00:55:01,719 --> 00:55:05,000
Speaker 5: two eighty nine Cobra. They're they're easy cars to understand,

990
00:55:05,040 --> 00:55:09,440
Speaker 5: they're easy cars to add to any collection and to

991
00:55:09,560 --> 00:55:12,680
Speaker 5: folks who don't want to think outside the box and

992
00:55:12,719 --> 00:55:18,280
Speaker 5: they want validation generally, and I'm not downplaying someone's creativity,

993
00:55:18,320 --> 00:55:20,840
Speaker 5: but you sort of see a big pattern here. You

994
00:55:20,880 --> 00:55:23,360
Speaker 5: see guys that you know have all of those cars,

995
00:55:23,360 --> 00:55:25,520
Speaker 5: and they never step out of those things because they're

996
00:55:26,440 --> 00:55:29,359
Speaker 5: they're equities. They're they're easy to they're easy to trade,

997
00:55:29,360 --> 00:55:31,359
Speaker 5: there's very little risk in any of them. And then

998
00:55:31,360 --> 00:55:33,920
Speaker 5: the footballer wives cars, I mean those have gone through

999
00:55:33,960 --> 00:55:37,759
Speaker 5: the roof. I mean they've just gone bonkers. And you

1000
00:55:37,840 --> 00:55:44,200
Speaker 5: throw in modern supercars, you know, mostly any Bugatti, any

1001
00:55:44,360 --> 00:55:51,400
Speaker 5: any Pagani, not Pegani, any Cone's Egg. Yeah, absolutely in

1002
00:55:51,480 --> 00:55:55,960
Speaker 5: that group. And then you throw in the Portia Halo

1003
00:55:56,120 --> 00:56:00,560
Speaker 5: cars starting with the nine point fifty nine either by

1004
00:56:00,560 --> 00:56:04,319
Speaker 5: Bruce Kanapa or not a Carera GT and a nine

1005
00:56:04,360 --> 00:56:09,880
Speaker 5: to eighteen, and you know those markets they fluctuate a

1006
00:56:09,960 --> 00:56:13,840
Speaker 5: little bit, but with the new car buyers, you always

1007
00:56:13,880 --> 00:56:17,920
Speaker 5: want to watch that. And the Roough thing is a phenomenal.

1008
00:56:19,000 --> 00:56:21,560
Speaker 2: Talk about that as we can, because I think we're

1009
00:56:21,560 --> 00:56:25,240
Speaker 2: talking about the yellow Bird that's sure sale. The nineteen

1010
00:56:25,280 --> 00:56:29,200
Speaker 2: eighty nine CTR nicknamed yellow Bird pricing estimate is six

1011
00:56:29,280 --> 00:56:33,319
Speaker 2: million dollars. Why is it that expensive? This is not

1012
00:56:33,440 --> 00:56:35,600
Speaker 2: the record breaking car.

1013
00:56:36,320 --> 00:56:38,600
Speaker 5: No, no, it's not the car that actually did the

1014
00:56:38,600 --> 00:56:42,800
Speaker 5: record breaking. That's any of them become the record breakers

1015
00:56:42,840 --> 00:56:45,040
Speaker 5: when one does it. So don't you don't need the

1016
00:56:45,080 --> 00:56:47,680
Speaker 5: record the actual record breaker, and you probably don't want

1017
00:56:47,719 --> 00:56:50,160
Speaker 5: the actual record breaker. But there are twenty nine of

1018
00:56:50,200 --> 00:56:54,600
Speaker 5: these cars. This one is unrepeatable in terms of condition

1019
00:56:54,719 --> 00:56:57,319
Speaker 5: and mileage and ownership. And again it boils down to

1020
00:56:58,920 --> 00:57:03,080
Speaker 5: this car is without accept it's coming from a home

1021
00:57:03,120 --> 00:57:05,359
Speaker 5: that if you're going to buy one of these, this

1022
00:57:05,440 --> 00:57:09,359
Speaker 5: is where you should get it from. That's a car.

1023
00:57:09,680 --> 00:57:12,920
Speaker 5: To me, I've never understood. I'm not I'm not a

1024
00:57:12,920 --> 00:57:15,319
Speaker 5: fair person to ask because I've never understood it, and

1025
00:57:15,719 --> 00:57:17,600
Speaker 5: it's been explained to me by the people that own them,

1026
00:57:17,640 --> 00:57:20,840
Speaker 5: and they've made great arguments as to why they own them.

1027
00:57:21,200 --> 00:57:23,880
Speaker 5: I've never understood a modifiers car. I've never understood the

1028
00:57:23,920 --> 00:57:27,000
Speaker 5: singer thing. I've never understood the roof thing. I honestly don't.

1029
00:57:27,040 --> 00:57:30,320
Speaker 5: It doesn't appeal to me. I like what the manufacturers

1030
00:57:30,560 --> 00:57:34,240
Speaker 5: originally made and more of an originality geek that way.

1031
00:57:34,600 --> 00:57:39,240
Speaker 5: But if you want a faster car that can can

1032
00:57:39,280 --> 00:57:41,720
Speaker 5: do certain things a normal nine to eleven can't do,

1033
00:57:42,880 --> 00:57:46,280
Speaker 5: this is this is for you, and this falls under

1034
00:57:46,840 --> 00:57:49,600
Speaker 5: This really falls under I have it and you don't.

1035
00:57:50,640 --> 00:57:54,439
Speaker 2: You talked about that before. Yeah, that's very valuable. It's

1036
00:57:54,520 --> 00:57:55,920
Speaker 2: a thing for a lot of people.

1037
00:57:56,040 --> 00:57:57,920
Speaker 5: It's it's it's a it's a It's the same with

1038
00:57:58,040 --> 00:58:01,560
Speaker 5: watch collecting, it's the same with art. I'm not saying

1039
00:58:01,560 --> 00:58:05,160
Speaker 5: that people buying these things don't appreciate them, that's the

1040
00:58:05,240 --> 00:58:07,840
Speaker 5: last thing I'm saying, but they this becomes a wallet

1041
00:58:07,880 --> 00:58:09,880
Speaker 5: fight at the top of the food chain. If somebody

1042
00:58:09,920 --> 00:58:12,080
Speaker 5: wants this car and it could do six to seven

1043
00:58:12,520 --> 00:58:14,600
Speaker 5: I wouldn't be surprised if you did eight million dollars.

1044
00:58:14,880 --> 00:58:18,080
Speaker 5: I mean, this is part of the unpredictability because you

1045
00:58:18,120 --> 00:58:22,280
Speaker 5: cannot repeat this car. So you get the out on

1046
00:58:22,280 --> 00:58:24,760
Speaker 5: one side, some of the indie cars on the other,

1047
00:58:26,840 --> 00:58:30,840
Speaker 5: you know, going through I mean even and I'm a

1048
00:58:30,880 --> 00:58:33,200
Speaker 5: fan of nine to nine three rs' is the portion

1049
00:58:33,320 --> 00:58:39,280
Speaker 5: nine three rs. RM has one that is the rarest color.

1050
00:58:39,800 --> 00:58:43,360
Speaker 5: It's in Riviera blue. They made one in this particular spec.

1051
00:58:43,480 --> 00:58:46,040
Speaker 5: This has got less than nine thousand miles on it.

1052
00:58:46,640 --> 00:58:49,840
Speaker 5: I'll watch that car. I mean, there's a heady, very

1053
00:58:49,880 --> 00:58:52,560
Speaker 5: heavy estimate on it. I think it's seven fifty to

1054
00:58:52,640 --> 00:58:56,040
Speaker 5: nine fifty, where most of those cars sell for you know,

1055
00:58:56,240 --> 00:58:59,160
Speaker 5: half that because they're more common colors. But this is unrepeatable,

1056
00:58:59,480 --> 00:59:02,280
Speaker 5: got it. So that's that's another one of those you

1057
00:59:02,360 --> 00:59:04,120
Speaker 5: keep an eye out for that. I mean, but there's

1058
00:59:04,160 --> 00:59:08,960
Speaker 5: there's really I mean, looking at it David Gooding's catalog.

1059
00:59:09,200 --> 00:59:12,280
Speaker 5: You've got the roof and then you have what's going

1060
00:59:12,320 --> 00:59:14,720
Speaker 5: to be very interesting to me is the three seventy

1061
00:59:14,760 --> 00:59:17,640
Speaker 5: five Ferrari, which is his halo car for the auction

1062
00:59:18,400 --> 00:59:22,680
Speaker 5: and folks in that nineteen fifties. Ferrari world know this

1063
00:59:22,840 --> 00:59:25,520
Speaker 5: car very well. It's a very famous car owned by

1064
00:59:25,640 --> 00:59:28,280
Speaker 5: a gentleman in Michigan. Was owned by a gentleman in

1065
00:59:28,320 --> 00:59:30,160
Speaker 5: Michigan by the name of Fred Lador, who had the

1066
00:59:30,200 --> 00:59:33,040
Speaker 5: car forever. He also owned a GTL at one point.

1067
00:59:33,080 --> 00:59:38,040
Speaker 5: I mean, he was no slouch collector, and he always people.

1068
00:59:38,160 --> 00:59:42,680
Speaker 5: When Ferraris were having their big run up in you know,

1069
00:59:42,680 --> 00:59:49,000
Speaker 5: twenty twelve through twenty fourteen fifteen, and having sold two

1070
00:59:49,040 --> 00:59:53,160
Speaker 5: three seventy fives, I knew what they were worth. I

1071
00:59:53,200 --> 00:59:56,960
Speaker 5: think the most expensive one I sold was sixteen million dollars.

1072
00:59:57,240 --> 00:59:57,560
Speaker 2: Wow.

1073
00:59:57,600 --> 01:00:01,840
Speaker 5: Fred always wanted twenty. When the market came down and

1074
01:00:02,040 --> 01:00:05,280
Speaker 5: went into the teens, he wanted high teens.

1075
01:00:05,040 --> 01:00:05,200
Speaker 2: You know.

1076
01:00:05,520 --> 01:00:08,240
Speaker 5: And then when the car was worth sort of twelve,

1077
01:00:08,320 --> 01:00:11,000
Speaker 5: he wanted fifteen. And he kept falling. Essentially, he either

1078
01:00:11,080 --> 01:00:12,880
Speaker 5: never wanted to sell the car or he was just

1079
01:00:12,960 --> 01:00:15,600
Speaker 5: downright greedy at the end of the day.

1080
01:00:16,080 --> 01:00:16,280
Speaker 1: You know.

1081
01:00:16,800 --> 01:00:19,120
Speaker 5: The big joke is, well, if you're really old and

1082
01:00:19,160 --> 01:00:21,120
Speaker 5: you want too much money for something, we'll just wait

1083
01:00:21,120 --> 01:00:23,320
Speaker 5: for your estate to sell it because that will be

1084
01:00:23,560 --> 01:00:25,160
Speaker 5: it's it's very.

1085
01:00:25,000 --> 01:00:30,919
Speaker 2: Model, yes, but in the end, I mean this car

1086
01:00:31,000 --> 01:00:33,360
Speaker 2: now is looks like the Simon is eight to ten.

1087
01:00:33,520 --> 01:00:37,120
Speaker 5: Well see now, now, daughters, I think their daughters, the

1088
01:00:37,160 --> 01:00:40,000
Speaker 5: two daughters who have the car want to sell dad's asset.

1089
01:00:40,080 --> 01:00:42,440
Speaker 5: And there's another There's there's some lesser car that he

1090
01:00:42,440 --> 01:00:44,080
Speaker 5: also has in the auction. I think it's an old

1091
01:00:44,120 --> 01:00:50,000
Speaker 5: Portia anyway. But now here's here's the rub with this car.

1092
01:00:50,240 --> 01:00:53,919
Speaker 5: He could have sold it for all the money for

1093
01:00:54,040 --> 01:00:57,400
Speaker 5: five years, and he always he wanted all the money

1094
01:00:57,440 --> 01:01:03,320
Speaker 5: plus thirty percent. And now, well it's worth half of

1095
01:01:03,400 --> 01:01:07,320
Speaker 5: what all the money was. And let's see if it sells.

1096
01:01:07,840 --> 01:01:11,520
Speaker 5: I mean, I do believe it will sell because it's

1097
01:01:11,520 --> 01:01:15,360
Speaker 5: a very desirable car, but that could be the poster

1098
01:01:15,600 --> 01:01:20,360
Speaker 5: child for a difficult to sell era and example of

1099
01:01:20,400 --> 01:01:22,760
Speaker 5: something right now, it's going to have to be aggressively priced,

1100
01:01:22,760 --> 01:01:24,960
Speaker 5: which I think it is at eight million dollars, very

1101
01:01:24,960 --> 01:01:29,400
Speaker 5: aggressively priced. And I think, you know, the folks at

1102
01:01:29,440 --> 01:01:32,400
Speaker 5: Gooding are no fools. They weren't going to outprice themselves

1103
01:01:32,400 --> 01:01:35,800
Speaker 5: only to have a halo car not sell. I think,

1104
01:01:35,880 --> 01:01:38,160
Speaker 5: if you know, my advice to the family would be

1105
01:01:38,840 --> 01:01:41,240
Speaker 5: put it out at no reserve, announce that at the

1106
01:01:41,400 --> 01:01:44,560
Speaker 5: very last minute, because that's exciting.

1107
01:01:44,720 --> 01:01:46,000
Speaker 2: Yeah, that'd get people.

1108
01:01:45,760 --> 01:01:49,560
Speaker 5: Going, it's not my money, so let me die. Either

1109
01:01:49,600 --> 01:01:52,200
Speaker 5: you're going to have a room full of very lugubrious,

1110
01:01:52,280 --> 01:01:57,360
Speaker 5: crying people, or you're going to have you know, champagne

1111
01:01:57,400 --> 01:02:01,600
Speaker 5: bottles going off, because I mean, why not. Your father's

1112
01:02:01,640 --> 01:02:03,520
Speaker 5: passed away, you're selling the car in the estate. The

1113
01:02:03,720 --> 01:02:07,360
Speaker 5: last thing you want to do is have this not sell.

1114
01:02:08,120 --> 01:02:11,280
Speaker 2: Can they make that call? Do you expect at the

1115
01:02:11,360 --> 01:02:13,120
Speaker 2: last minute? I mean they can they just lean over

1116
01:02:13,160 --> 01:02:16,120
Speaker 2: and tell Shelby or Rob, hey, let's let's put this

1117
01:02:16,200 --> 01:02:19,760
Speaker 2: out of no reserve or David, yes, yes, sorry sorry,

1118
01:02:20,160 --> 01:02:23,080
Speaker 2: oh gosh sorry, or David, this is a lot one

1119
01:02:23,200 --> 01:02:27,800
Speaker 2: fifty four good Christie's, the nineteen fifty five Frarie seven.

1120
01:02:28,000 --> 01:02:30,080
Speaker 5: Well you could do that. I mean I think I

1121
01:02:30,120 --> 01:02:32,120
Speaker 5: think it could be a last they could. They could

1122
01:02:32,160 --> 01:02:35,800
Speaker 5: call it today and put an addendum out when people

1123
01:02:36,320 --> 01:02:39,320
Speaker 5: pick up their paddles and pick up their bidding information.

1124
01:02:39,840 --> 01:02:41,680
Speaker 5: I mean, this is me. This is me if I

1125
01:02:41,720 --> 01:02:43,320
Speaker 5: was the head of Christie's and I had a moment

1126
01:02:43,360 --> 01:02:46,600
Speaker 5: with the family saying yes, listen, this is a lot

1127
01:02:46,600 --> 01:02:50,200
Speaker 5: of money. This is a significant chunk of change, and

1128
01:02:51,200 --> 01:02:54,760
Speaker 5: they're going to be I don't again, I'll try not

1129
01:02:54,840 --> 01:02:57,560
Speaker 5: to speak sort of about things I know a little

1130
01:02:57,560 --> 01:02:58,960
Speaker 5: bit of and not a lot of. There are going

1131
01:02:59,000 --> 01:03:01,000
Speaker 5: to be taxes on this is going to capital gains hacks,

1132
01:03:01,040 --> 01:03:02,720
Speaker 5: as they're going to be, they're going to have to

1133
01:03:02,760 --> 01:03:05,200
Speaker 5: give some of this back to the feds. Well, knowing

1134
01:03:05,240 --> 01:03:08,480
Speaker 5: all of that, why don't you try to blow everybody

1135
01:03:08,640 --> 01:03:11,000
Speaker 5: out over the next ten days and announce that this

1136
01:03:11,080 --> 01:03:15,280
Speaker 5: car is suddenly coming out at no reserve because people

1137
01:03:15,360 --> 01:03:19,280
Speaker 5: had chased it when the market was hotter and people

1138
01:03:19,400 --> 01:03:23,400
Speaker 5: wanted more of this era car. Why not get those folks,

1139
01:03:23,400 --> 01:03:26,160
Speaker 5: Why not grab their attention again and go, we're going

1140
01:03:26,240 --> 01:03:30,200
Speaker 5: to sell this. I wouldn't do it with a great

1141
01:03:30,240 --> 01:03:33,640
Speaker 5: many other things. But if you have no desire to

1142
01:03:33,720 --> 01:03:36,480
Speaker 5: keep this, it was your father's pride and joy he

1143
01:03:36,520 --> 01:03:40,760
Speaker 5: sadly has passed, and you can repurpose the money. Would

1144
01:03:41,480 --> 01:03:44,959
Speaker 5: I would rather have six million dollars instead of eight

1145
01:03:45,160 --> 01:03:47,600
Speaker 5: if it meant not having anything me too.

1146
01:03:48,080 --> 01:03:49,800
Speaker 2: Six million is more than nothing.

1147
01:03:49,600 --> 01:03:51,600
Speaker 5: Right, and it's far more than what he paid for it,

1148
01:03:51,680 --> 01:03:54,840
Speaker 5: which again, if you're working off of the cost basis,

1149
01:03:54,840 --> 01:03:56,040
Speaker 5: and I don't know what he paid for it, but

1150
01:03:56,080 --> 01:03:58,760
Speaker 5: it was nowhere near this, I mean, and that car

1151
01:03:58,880 --> 01:04:02,640
Speaker 5: is so significant because it has every bit of documentation

1152
01:04:02,760 --> 01:04:05,840
Speaker 5: with it. There is correspondence between Enzo Ferrari and the

1153
01:04:05,880 --> 01:04:09,360
Speaker 5: original buyer. I mean, there is this, This is a

1154
01:04:10,440 --> 01:04:15,240
Speaker 5: this is a a sort of an information geeks just

1155
01:04:15,480 --> 01:04:16,560
Speaker 5: dream come true.

1156
01:04:16,840 --> 01:04:18,120
Speaker 2: I mean gorgeous.

1157
01:04:18,240 --> 01:04:22,800
Speaker 5: Oh it's it's absolutely a stunning h and a beast

1158
01:04:22,840 --> 01:04:25,520
Speaker 5: to drive and a three seventy five road car. I

1159
01:04:25,520 --> 01:04:29,000
Speaker 5: mean unheard of kind of a one off thing. Why

1160
01:04:29,320 --> 01:04:33,400
Speaker 5: why not completely make just the way? You know again,

1161
01:04:33,560 --> 01:04:35,760
Speaker 5: if if God came down and said you can go

1162
01:04:35,840 --> 01:04:39,680
Speaker 5: do this today right before Miami, I would I would

1163
01:04:39,800 --> 01:04:42,040
Speaker 5: make the announcement because now you're going to put a

1164
01:04:42,120 --> 01:04:45,400
Speaker 5: ripple through everything going. You know, It's no coincidence we

1165
01:04:45,480 --> 01:04:48,000
Speaker 5: launched the group p at the time that we did

1166
01:04:48,040 --> 01:04:50,720
Speaker 5: because everybody's bringing their money to Miami and Amelia Island

1167
01:04:50,760 --> 01:04:52,000
Speaker 5: and it was like, well, let's try to grab some

1168
01:04:52,040 --> 01:04:53,440
Speaker 5: of them before he spends all their day.

1169
01:04:53,920 --> 01:04:57,600
Speaker 2: Right. Well, I do want to ask you about Ferraris

1170
01:04:57,640 --> 01:05:02,240
Speaker 2: and Porscha's specifically, because I counted up and there in

1171
01:05:02,320 --> 01:05:06,800
Speaker 2: the two auctions this month in Florida, there are twelve

1172
01:05:06,960 --> 01:05:09,960
Speaker 2: Porsches being offered at more than a million dollars, and

1173
01:05:10,000 --> 01:05:12,360
Speaker 2: there are also twelve Ferraris being offered at for more

1174
01:05:12,400 --> 01:05:14,840
Speaker 2: than a million dollars. Now, the Ferraris, I'm not surprised

1175
01:05:14,840 --> 01:05:18,240
Speaker 2: about the Porsches. I'm actually surprised that there are twelve

1176
01:05:18,360 --> 01:05:21,600
Speaker 2: and each auction house has at least one Porsche that's

1177
01:05:21,600 --> 01:05:25,520
Speaker 2: supposed to take over a million dollars in my recollection.

1178
01:05:25,640 --> 01:05:30,000
Speaker 2: And tell me if I'm wrong. Porsches were never valued.

1179
01:05:30,160 --> 01:05:32,000
Speaker 4: Like this, on par with Ferraris.

1180
01:05:32,920 --> 01:05:33,919
Speaker 2: What do you make of that?

1181
01:05:34,640 --> 01:05:39,080
Speaker 5: Well, I think the Porsches that are worth the most

1182
01:05:39,200 --> 01:05:43,720
Speaker 5: money used to be the aluminum and plastic cars from

1183
01:05:43,760 --> 01:05:46,680
Speaker 5: the fifties and sixties, which have now become the sort

1184
01:05:46,720 --> 01:05:50,040
Speaker 5: of difficult thing to sell at this moment. And again

1185
01:05:50,120 --> 01:05:53,360
Speaker 5: having specialized in that for a handful of years. Yeah,

1186
01:05:53,360 --> 01:05:57,800
Speaker 5: there are the outlier Ferraris, the GTOs of Testerosa's, the lms,

1187
01:05:57,880 --> 01:06:00,960
Speaker 5: the big cars that were tens of millions of And

1188
01:06:01,000 --> 01:06:04,320
Speaker 5: you never had Porsches except the nine seventeen that it

1189
01:06:04,560 --> 01:06:07,920
Speaker 5: was really worth that kind of money. They were always valuable,

1190
01:06:08,040 --> 01:06:13,280
Speaker 5: they just weren't They weren't as desirable as the Ferraris were.

1191
01:06:13,320 --> 01:06:16,280
Speaker 5: Over time and over a million this is really it's

1192
01:06:16,880 --> 01:06:20,080
Speaker 5: sounding completely glib. Over a million dollars, it doesn't buy

1193
01:06:20,120 --> 01:06:23,080
Speaker 5: you much in the car world anymore. And so, yeah,

1194
01:06:23,120 --> 01:06:25,080
Speaker 5: career gts are over a million dollars. They made a

1195
01:06:25,080 --> 01:06:26,880
Speaker 5: lot of them. The nine eighteams over a million dollars,

1196
01:06:26,920 --> 01:06:28,400
Speaker 5: they made a lot of them. Nine to fifty nine's

1197
01:06:28,400 --> 01:06:30,680
Speaker 5: they made a lot of them. The roofs they made.

1198
01:06:31,000 --> 01:06:33,320
Speaker 5: You know, there's hundreds of roofs. Not all of them

1199
01:06:33,360 --> 01:06:35,440
Speaker 5: are over a million bucks, and most of them aren't.

1200
01:06:36,040 --> 01:06:38,040
Speaker 5: But you can't buy a Yellow Bird for you know,

1201
01:06:38,440 --> 01:06:42,800
Speaker 5: anywhere near those. So I think the Ferraris are still

1202
01:06:43,240 --> 01:06:47,880
Speaker 5: there are a greater number of Ferraris that are more valuable,

1203
01:06:48,280 --> 01:06:52,080
Speaker 5: but Porsches right behind them. I think what's driving that

1204
01:06:52,480 --> 01:06:55,160
Speaker 5: there are far more people that still want to have

1205
01:06:55,200 --> 01:06:58,160
Speaker 5: a Porsche collection than a Ferrari collection for whatever reason,

1206
01:06:58,200 --> 01:07:01,080
Speaker 5: mostly because the Ferrari are real. Proper Ferrari collection was

1207
01:07:01,480 --> 01:07:05,600
Speaker 5: unattainable for most people. But there are you know, three

1208
01:07:05,720 --> 01:07:08,280
Speaker 5: fifty six Carrera cars that have always been over a

1209
01:07:08,320 --> 01:07:10,960
Speaker 5: million bucks there. You know, there's there's a lot of

1210
01:07:10,960 --> 01:07:15,240
Speaker 5: cars that Portia has made that have gone into that spectrum.

1211
01:07:15,960 --> 01:07:18,840
Speaker 5: What's interesting to me is the cars that are the

1212
01:07:18,920 --> 01:07:22,640
Speaker 5: oddball cars to watch and the one that comes to

1213
01:07:22,680 --> 01:07:25,360
Speaker 5: mind and you're gonna I think crush r. I think

1214
01:07:25,400 --> 01:07:27,200
Speaker 5: of what how did you get how did you get

1215
01:07:27,280 --> 01:07:27,720
Speaker 5: upon this?

1216
01:07:29,920 --> 01:07:30,040
Speaker 2: Uh?

1217
01:07:30,840 --> 01:07:34,840
Speaker 5: David Gooding has a Fraser Nash. Okay, all right, so

1218
01:07:35,440 --> 01:07:37,560
Speaker 5: it's I think the estimate is seven to nine hundred

1219
01:07:37,560 --> 01:07:42,160
Speaker 5: thousand dollars. I believe there's one other Fraser Nash in

1220
01:07:42,200 --> 01:07:46,840
Speaker 5: the United States. They are they're obscure. I mean, I

1221
01:07:46,880 --> 01:07:48,080
Speaker 5: love obscure cars.

1222
01:07:48,360 --> 01:07:52,280
Speaker 2: This is an extremely obscure this is Is this a replica?

1223
01:07:52,560 --> 01:07:56,080
Speaker 5: No, no, no, it's it's it's because that what did

1224
01:07:56,120 --> 01:07:57,480
Speaker 5: you pick up in the name that makes you think

1225
01:07:57,520 --> 01:08:01,480
Speaker 5: it's replica? Yeah, right, it's so, it's that's always that's

1226
01:08:01,520 --> 01:08:04,919
Speaker 5: always been the Laman rep No, it does not stand.

1227
01:08:05,480 --> 01:08:09,320
Speaker 5: It's not a replica. It's a proper Fraser Nash. But

1228
01:08:09,440 --> 01:08:13,360
Speaker 5: what I'm getting at is, say you you have a

1229
01:08:13,440 --> 01:08:17,760
Speaker 5: significant car collection of historically important cars. This was the

1230
01:08:17,800 --> 01:08:20,960
Speaker 5: first car to win the Twelve Hours of Seaburn. It

1231
01:08:21,000 --> 01:08:26,919
Speaker 5: went missing for decades, was restored by the Fraser Nash

1232
01:08:27,160 --> 01:08:32,639
Speaker 5: expert in the UK, and they're wildly popular as vintage

1233
01:08:32,720 --> 01:08:35,000
Speaker 5: race cars. If you go to Goodwood and you go

1234
01:08:35,080 --> 01:08:40,320
Speaker 5: to the revival, you see them. They're just unknown in

1235
01:08:40,360 --> 01:08:44,320
Speaker 5: the United States. So I think someone's taken a shot here,

1236
01:08:44,400 --> 01:08:48,280
Speaker 5: and that occasionally happens, and you bring something into a

1237
01:08:48,320 --> 01:08:53,320
Speaker 5: marketplace that only the true you know, geeks know about

1238
01:08:53,439 --> 01:08:55,600
Speaker 5: these things, and because most people looking at it and go, well,

1239
01:08:55,600 --> 01:08:56,840
Speaker 5: I don't like the way it looks. I don't like

1240
01:08:56,880 --> 01:08:58,680
Speaker 5: it's chain driven, I don't like that, I don't like

1241
01:08:59,000 --> 01:09:02,160
Speaker 5: I don't like any of this technology. Usual yes, and

1242
01:09:02,200 --> 01:09:04,720
Speaker 5: then you suddenly dig into it and go, well, wait

1243
01:09:04,720 --> 01:09:08,200
Speaker 5: a minute, if I had this, it's an entry into

1244
01:09:08,640 --> 01:09:13,120
Speaker 5: so many historic events, and it's in and of itself

1245
01:09:13,240 --> 01:09:16,679
Speaker 5: a very important piece of Florida Sebring history. So why

1246
01:09:16,680 --> 01:09:19,200
Speaker 5: not sell the car? Makes sense at a Florida auction.

1247
01:09:19,280 --> 01:09:21,000
Speaker 5: So whoever brought that to auction, I don't know who

1248
01:09:21,000 --> 01:09:23,959
Speaker 5: owns the car. Whoever brought that to auction is smart.

1249
01:09:24,320 --> 01:09:26,439
Speaker 5: You know, maybe it'll take a shot, and maybe it'll

1250
01:09:26,439 --> 01:09:29,880
Speaker 5: fail miserably, and maybe it'll sell for over high estimate.

1251
01:09:30,280 --> 01:09:32,599
Speaker 5: I don't know. But things like that in the catalog,

1252
01:09:32,760 --> 01:09:34,479
Speaker 5: when you really go into them and you start to

1253
01:09:34,520 --> 01:09:40,360
Speaker 5: cherry pick them, that the AMG cars the only manual

1254
01:09:40,520 --> 01:09:43,360
Speaker 5: AMG cars of two different models, and I don't have

1255
01:09:43,400 --> 01:09:46,759
Speaker 5: the models in front of me that David has weird.

1256
01:09:46,960 --> 01:09:52,600
Speaker 5: I mean, if you you know again modern collectible, you

1257
01:09:52,800 --> 01:09:54,400
Speaker 5: have it and nobody else does.

1258
01:09:54,760 --> 01:09:59,439
Speaker 2: I see one an AMG three hundred, the six point

1259
01:09:59,479 --> 01:10:03,479
Speaker 2: zero ham yep, the hammer, Yeah, so Dan five speed

1260
01:10:03,560 --> 01:10:07,320
Speaker 2: manual gearbox, pre Summit up to one point seven million.

1261
01:10:07,160 --> 01:10:15,080
Speaker 5: Yeah, and pre Mercedes Benz AMG Merger. Dave. It's if

1262
01:10:15,120 --> 01:10:17,679
Speaker 5: you've got a Mercedes collection, you want something very different,

1263
01:10:18,120 --> 01:10:20,280
Speaker 5: or if you if you collect cars that have been

1264
01:10:20,840 --> 01:10:24,880
Speaker 5: if you collect Alpina BMW's and AMG Mercedes Benzes and

1265
01:10:25,680 --> 01:10:30,640
Speaker 5: you know different tuner cars, Well here you have this

1266
01:10:30,720 --> 01:10:31,719
Speaker 5: and nobody else does.

1267
01:10:32,080 --> 01:10:32,519
Speaker 4: Right here.

1268
01:10:32,760 --> 01:10:37,080
Speaker 2: Yeah, there's another one, Steve, tell me what you're looking

1269
01:10:37,080 --> 01:10:38,600
Speaker 2: for beyond Florida.

1270
01:10:39,080 --> 01:10:40,280
Speaker 1: And this has been so great.

1271
01:10:40,320 --> 01:10:42,360
Speaker 2: I know we're gonna have to wrap it up because

1272
01:10:42,360 --> 01:10:44,920
Speaker 2: I've got producers telling me that we're coming to the

1273
01:10:45,000 --> 01:10:48,759
Speaker 2: end of our time already. But I know, looking forward

1274
01:10:50,000 --> 01:10:53,360
Speaker 2: beyond Florida, what are you watching? Just as you sort

1275
01:10:53,360 --> 01:10:55,439
Speaker 2: of nose around the market in your own.

1276
01:10:55,320 --> 01:10:58,400
Speaker 5: Life, well business wise, you know, you just want to

1277
01:10:58,439 --> 01:11:00,679
Speaker 5: make sure people are still getting up in being interested

1278
01:11:00,680 --> 01:11:02,719
Speaker 5: in cars and a new generation of people are coming

1279
01:11:02,720 --> 01:11:04,800
Speaker 5: into this and it's not dying out, and that I

1280
01:11:04,800 --> 01:11:07,439
Speaker 5: think years ago, ten years ago, you might people, you know,

1281
01:11:07,640 --> 01:11:10,000
Speaker 5: sort of the negative mantra was, who I hope this

1282
01:11:10,720 --> 01:11:14,240
Speaker 5: younger kids really love these cars, And well, I think

1283
01:11:14,360 --> 01:11:16,280
Speaker 5: kids are always going to love cars. And I think

1284
01:11:16,280 --> 01:11:18,600
Speaker 5: for a while they were distracted by video games and

1285
01:11:18,640 --> 01:11:20,760
Speaker 5: things that they held in their hands and you know,

1286
01:11:21,280 --> 01:11:24,000
Speaker 5: my iPad and my phone and it's more fun than

1287
01:11:24,040 --> 01:11:27,559
Speaker 5: doing and then that all wears off and you want,

1288
01:11:27,920 --> 01:11:31,200
Speaker 5: you know, you really want that tactile and oral thrill

1289
01:11:31,320 --> 01:11:33,760
Speaker 5: that you know, either a horse or a car gives you,

1290
01:11:33,840 --> 01:11:38,759
Speaker 5: or a sailbout or something where you're experience some freedom

1291
01:11:38,800 --> 01:11:41,240
Speaker 5: and some wind in your hair, and you know you're

1292
01:11:41,280 --> 01:11:44,599
Speaker 5: having an experience that's etching in your brain that when

1293
01:11:44,600 --> 01:11:46,720
Speaker 5: you think about it as nothing but joy. So I

1294
01:11:46,760 --> 01:11:52,040
Speaker 5: want to see people just constantly being involved. And you know,

1295
01:11:52,120 --> 01:11:55,280
Speaker 5: I also thought years ago when people were spending their

1296
01:11:55,280 --> 01:11:57,880
Speaker 5: money on all these supercars, it's like, what are they

1297
01:11:57,920 --> 01:12:02,080
Speaker 5: going to do with them? Well, apparently there are now

1298
01:12:02,240 --> 01:12:06,920
Speaker 5: over and a friend gave me this information this morning.

1299
01:12:06,920 --> 01:12:10,800
Speaker 5: We were talking about different events. There are probably as

1300
01:12:10,840 --> 01:12:15,440
Speaker 5: many or more events that are catering and tailoring themselves

1301
01:12:15,479 --> 01:12:19,200
Speaker 5: towards these supercar owners and whether they're in Europe or

1302
01:12:19,200 --> 01:12:21,639
Speaker 5: the United States. And I'm not saying, you know, you're

1303
01:12:21,640 --> 01:12:23,680
Speaker 5: going to go on a public road and wring the

1304
01:12:23,720 --> 01:12:25,360
Speaker 5: thing out at one hundred and eighty miles an hour,

1305
01:12:25,400 --> 01:12:28,519
Speaker 5: but that just wasn't the case years ago. So that's

1306
01:12:28,560 --> 01:12:32,280
Speaker 5: all very positive for the you know, it's all very positive.

1307
01:12:32,320 --> 01:12:36,720
Speaker 5: And you know, just because I prefer older things not

1308
01:12:36,800 --> 01:12:38,880
Speaker 5: catering to me, but boy, they're catering to the people

1309
01:12:38,880 --> 01:12:40,599
Speaker 5: who are spending the real money in this is that's

1310
01:12:40,600 --> 01:12:40,920
Speaker 5: not many.

1311
01:12:41,160 --> 01:12:42,800
Speaker 2: I mean, it reminds me of John to Marian in

1312
01:12:42,840 --> 01:12:44,960
Speaker 2: Miami exactly. We are curated.

1313
01:12:45,080 --> 01:12:46,920
Speaker 5: Yeah, I mean, here's ahead of the curve all.

1314
01:12:46,800 --> 01:12:47,599
Speaker 2: The time, completely.

1315
01:12:47,680 --> 01:12:50,360
Speaker 5: Yeah. And there are there are a handful of people that,

1316
01:12:50,920 --> 01:12:52,920
Speaker 5: you know, we're not going to sell Duzenbergs and Packards

1317
01:12:52,920 --> 01:12:55,559
Speaker 5: and Bugattis and Alphas and all these pre war cars

1318
01:12:55,560 --> 01:12:57,640
Speaker 5: that all these geezers love. It's like, we want to

1319
01:12:57,640 --> 01:12:59,920
Speaker 5: get into the stuff that the tech bros and the

1320
01:13:00,080 --> 01:13:02,960
Speaker 5: finance guys and all the guys making real big money,

1321
01:13:03,280 --> 01:13:05,840
Speaker 5: what they're interested in and what their poster cars were

1322
01:13:05,880 --> 01:13:10,040
Speaker 5: from when they were kids. Fine. You know, I may

1323
01:13:10,120 --> 01:13:12,679
Speaker 5: age out and play what do you drive?

1324
01:13:12,800 --> 01:13:16,160
Speaker 2: What are you driving? Personally? Steve, I know you've got

1325
01:13:16,160 --> 01:13:19,599
Speaker 2: that three five six here in La Yeah.

1326
01:13:19,400 --> 01:13:22,559
Speaker 5: That's still my that's you know, that's still my rally

1327
01:13:22,600 --> 01:13:25,960
Speaker 5: car of choice and fun car in Los Angeles. I think,

1328
01:13:26,000 --> 01:13:29,559
Speaker 5: you know, I mean, I split my time everyday car.

1329
01:13:29,600 --> 01:13:33,080
Speaker 5: This is not a Mercedes spenz commercial. But you know,

1330
01:13:33,080 --> 01:13:35,479
Speaker 5: my g Wagon has got sixty thousand miles on it,

1331
01:13:35,520 --> 01:13:40,400
Speaker 5: and I think for Boston it's the perfect car. Still

1332
01:13:40,439 --> 01:13:43,160
Speaker 5: the big W twelve Bentley, which is again.

1333
01:13:44,320 --> 01:13:45,759
Speaker 2: Kind of a line that for a while.

1334
01:13:45,920 --> 01:13:50,760
Speaker 5: It's coming up on my fifth year. And I do love,

1335
01:13:51,120 --> 01:13:54,880
Speaker 5: you know, and I love getting mocked for driving the

1336
01:13:54,880 --> 01:13:58,479
Speaker 5: poor man's Ferrari, which is the roma I you know,

1337
01:13:58,520 --> 01:14:01,200
Speaker 5: I didn't. I just wanted to go through the process

1338
01:14:01,280 --> 01:14:04,920
Speaker 5: of cradle to grave of ordering something that nobody else had,

1339
01:14:05,160 --> 01:14:08,400
Speaker 5: and I love the look and it's plenty fast for me.

1340
01:14:09,840 --> 01:14:12,759
Speaker 5: And I was I think I gave you the note

1341
01:14:12,800 --> 01:14:16,599
Speaker 5: of the Bentley Flying Spur that went in for service

1342
01:14:16,640 --> 01:14:19,120
Speaker 5: and is still on a lift one and twenty days later.

1343
01:14:19,200 --> 01:14:21,160
Speaker 1: I was very sad to hear about.

1344
01:14:20,880 --> 01:14:24,799
Speaker 5: That somebody had to rebuild the brake suspension and steering

1345
01:14:25,520 --> 01:14:29,920
Speaker 5: might as well be me. I'm looking forward to driving that,

1346
01:14:30,160 --> 01:14:32,960
Speaker 5: So yeah, no, I have, Hannah. I promised myself this

1347
01:14:33,080 --> 01:14:35,920
Speaker 5: year that I would whittle down and get rid of

1348
01:14:37,280 --> 01:14:38,720
Speaker 5: six cars and.

1349
01:14:38,800 --> 01:14:39,800
Speaker 3: Get going for you.

1350
01:14:39,840 --> 01:14:42,320
Speaker 5: Not so well. I don't think there's nothing on the

1351
01:14:42,400 --> 01:14:45,240
Speaker 5: radar that I want to buy, but there are. I

1352
01:14:45,400 --> 01:14:48,840
Speaker 5: you know, I was saying to Amanda, my wife the

1353
01:14:48,880 --> 01:14:50,880
Speaker 5: other night walking around, you said, you're really going to

1354
01:14:50,920 --> 01:14:53,240
Speaker 5: sell those cars, and I went, well, it just depends

1355
01:14:53,240 --> 01:14:55,040
Speaker 5: on the day, you know. Catch me in the right

1356
01:14:55,080 --> 01:14:57,439
Speaker 5: mood and look at something that I haven't driven in

1357
01:14:57,520 --> 01:15:02,519
Speaker 5: six months and go, yes, I don't need this, so

1358
01:15:03,000 --> 01:15:06,200
Speaker 5: he'll use as much space as you have. And I'm

1359
01:15:06,240 --> 01:15:09,680
Speaker 5: not pitched for garage space, so it's that's a problem.

1360
01:15:10,080 --> 01:15:13,559
Speaker 5: But yeah, I I you know, I can't help but

1361
01:15:14,560 --> 01:15:17,080
Speaker 5: enjoy these things. And then you walk in the garage

1362
01:15:17,080 --> 01:15:20,360
Speaker 5: and you smile. So but I hope, you know, I hope.

1363
01:15:20,360 --> 01:15:22,840
Speaker 5: I hope everybody's still into cars at the end of

1364
01:15:22,880 --> 01:15:24,639
Speaker 5: the year. I think they will be. I don't think

1365
01:15:24,720 --> 01:15:27,440
Speaker 5: fossil fuel is going anywhere, and I think the pushback

1366
01:15:27,439 --> 01:15:31,880
Speaker 5: on electric is hard. It's getting pushed back very hard.

1367
01:15:32,280 --> 01:15:35,040
Speaker 5: I think internal combustion engine is here to stay, certainly

1368
01:15:35,120 --> 01:15:38,400
Speaker 5: during my lifetime, and you can try to legislate it

1369
01:15:38,560 --> 01:15:43,360
Speaker 5: out of inner cities and California and wherever else you

1370
01:15:43,400 --> 01:15:45,000
Speaker 5: want to try to legislate it. Let me know how

1371
01:15:45,040 --> 01:15:45,880
Speaker 5: that works out for you.

1372
01:15:47,200 --> 01:15:51,240
Speaker 2: Well, Steve Sierra with that, that's a wonderful uh into

1373
01:15:51,240 --> 01:15:54,679
Speaker 2: the conversation. Thank you so much for joining. It's always

1374
01:15:54,680 --> 01:15:55,320
Speaker 2: such a pleasure.

1375
01:15:55,400 --> 01:15:58,759
Speaker 5: Well, I'm not, in fact, Matt Miller. I'm Steve Siio

1376
01:15:59,160 --> 01:16:01,080
Speaker 5: and I'm not six foot three.

1377
01:16:01,520 --> 01:16:04,000
Speaker 2: You're the stand in now you're an official friend of

1378
01:16:04,040 --> 01:16:04,479
Speaker 2: the pod.

1379
01:16:05,280 --> 01:16:07,120
Speaker 5: I'm glad you're that. I'm honored to be here. Thank

1380
01:16:07,160 --> 01:16:08,960
Speaker 5: you very much for asking me. I hope this is

1381
01:16:09,080 --> 01:16:10,519
Speaker 5: entertaining to the folks who listened.

1382
01:16:10,840 --> 01:16:12,200
Speaker 1: So that was so fun.

1383
01:16:12,240 --> 01:16:17,080
Speaker 2: I always learn a ton when I talked to Steve,

1384
01:16:17,520 --> 01:16:20,160
Speaker 2: and I've already seen him a couple of times down

1385
01:16:20,200 --> 01:16:24,799
Speaker 2: here in Miami. I mean, gosh, last night RM sold

1386
01:16:24,840 --> 01:16:28,400
Speaker 2: those last nine of the indie cars that the Indie

1387
01:16:28,479 --> 01:16:31,479
Speaker 2: Museum is selling to basically fund their the rest of

1388
01:16:31,479 --> 01:16:36,160
Speaker 2: their life. And they made almost thirty five million dollars

1389
01:16:36,240 --> 01:16:37,760
Speaker 2: last night on nine cars.

1390
01:16:38,400 --> 01:16:40,240
Speaker 1: Well nine lots.

1391
01:16:40,320 --> 01:16:42,800
Speaker 2: One of them was an airplane but other than that,

1392
01:16:44,200 --> 01:16:45,400
Speaker 2: pretty incredible numbers.

1393
01:16:45,400 --> 01:16:49,600
Speaker 3: So that's awesome. So how are you down there for

1394
01:16:49,640 --> 01:16:50,360
Speaker 3: the rest of the weekend.

1395
01:16:51,240 --> 01:16:52,719
Speaker 1: I'm down here until Sunday.

1396
01:16:52,800 --> 01:16:56,880
Speaker 2: So the big main auction that arm so Thebes is

1397
01:16:56,920 --> 01:17:00,280
Speaker 2: throwing is this is, uh, this afternoon, Today's Friday.

1398
01:17:00,280 --> 01:17:01,600
Speaker 4: I have to remind myself.

1399
01:17:01,360 --> 01:17:05,839
Speaker 2: This afternoon and then Saturday and Sunday will be various

1400
01:17:05,880 --> 01:17:09,360
Speaker 2: car events, and then next weekend is Amelia Island, the

1401
01:17:09,400 --> 01:17:15,040
Speaker 2: Amelia Concord with the Gooding Christie's and Broad Arrow auctions too.

1402
01:17:15,160 --> 01:17:17,559
Speaker 2: So it's it's I'm going to go back to La

1403
01:17:17,600 --> 01:17:20,759
Speaker 2: on Sunday, but it is really these next two weeks

1404
01:17:21,520 --> 01:17:23,479
Speaker 2: in Florida are the place to be if you're at

1405
01:17:23,520 --> 01:17:28,240
Speaker 2: all interested in classic cars and even modern star very cool.

1406
01:17:28,880 --> 01:17:31,519
Speaker 3: You know, on your way out you could drive up

1407
01:17:31,560 --> 01:17:36,200
Speaker 3: to Daytona and watch the opening King of the Baggers

1408
01:17:36,280 --> 01:17:37,680
Speaker 3: race at Moto America.

1409
01:17:39,080 --> 01:17:44,719
Speaker 2: I would I would do that, actually, I I honestly,

1410
01:17:44,760 --> 01:17:46,719
Speaker 2: I might even like that more than like a Motor

1411
01:17:46,760 --> 01:17:48,439
Speaker 2: GP race, to be honest.

1412
01:17:49,040 --> 01:17:52,040
Speaker 3: I'm except this weekend is also the start of Moto GP.

1413
01:17:52,280 --> 01:17:55,880
Speaker 3: So I'm that's like my number one I know.

1414
01:17:57,240 --> 01:18:00,640
Speaker 2: That's well, that's why I said there's something of about

1415
01:18:01,479 --> 01:18:05,600
Speaker 2: a bagger race that strikes me as really hilarious.

1416
01:18:05,680 --> 01:18:08,920
Speaker 3: It's fun I mean the bike I've never been to one,

1417
01:18:09,000 --> 01:18:11,639
Speaker 3: and the rider. I mean we're talking about well over

1418
01:18:11,720 --> 01:18:15,519
Speaker 3: seven hundred pounds here. You know, a Moto GP bike

1419
01:18:15,600 --> 01:18:19,479
Speaker 3: weighs like two hundred, and the riders are like, you know,

1420
01:18:19,640 --> 01:18:24,800
Speaker 3: ninety pounds, soaking wet. So yeah, it's just insane that

1421
01:18:24,840 --> 01:18:27,040
Speaker 3: they can do this. But what's funny is at a

1422
01:18:27,080 --> 01:18:31,040
Speaker 3: Moto GP race sometimes they'll show up with the baggers

1423
01:18:31,360 --> 01:18:35,040
Speaker 3: and then they'll let the you know, the Moto GP

1424
01:18:35,560 --> 01:18:38,639
Speaker 3: riders get on one, and they love them.

1425
01:18:39,720 --> 01:18:41,680
Speaker 4: I bet. Yeah.

1426
01:18:41,800 --> 01:18:43,479
Speaker 2: You know, it kind of reminds me when they do

1427
01:18:43,560 --> 01:18:46,759
Speaker 2: like semi racing, like semi truck racing.

1428
01:18:46,960 --> 01:18:50,320
Speaker 1: Yeah, for some reason, it's.

1429
01:18:49,800 --> 01:18:52,760
Speaker 3: It's kind of like that, although it's I think it's

1430
01:18:52,800 --> 01:18:57,599
Speaker 3: way cooler, just the fact that they slide these things

1431
01:18:57,640 --> 01:19:02,080
Speaker 3: around so much. They don't have like quick shifters or

1432
01:19:02,520 --> 01:19:07,240
Speaker 3: at least not blit throttle blippers anyway. Yeah. So, by

1433
01:19:07,280 --> 01:19:09,759
Speaker 3: the way, I should point out I got home from

1434
01:19:09,760 --> 01:19:13,280
Speaker 3: Austin and there was a yellow Corvette in my driveway.

1435
01:19:13,920 --> 01:19:14,120
Speaker 4: What.

1436
01:19:14,720 --> 01:19:20,160
Speaker 3: Yeah, so I've been begging Chevy to give me, just

1437
01:19:20,280 --> 01:19:24,600
Speaker 3: a base modeled Corvette, just no frills, no options, just

1438
01:19:24,600 --> 01:19:30,040
Speaker 3: a stripper, you know, to see what it's like, because

1439
01:19:30,040 --> 01:19:32,919
Speaker 3: they only give me usually like the special versions.

1440
01:19:33,680 --> 01:19:35,879
Speaker 1: Yeah, you need a baseline.

1441
01:19:35,320 --> 01:19:41,000
Speaker 3: Exactly, and to compare to other vehicles because it starts

1442
01:19:41,000 --> 01:19:43,000
Speaker 3: at sixty eight thousand. I don't even think you can

1443
01:19:43,080 --> 01:19:47,240
Speaker 3: get like a Boxer for that much, you know, Yes, yes,

1444
01:19:47,520 --> 01:19:50,559
Speaker 3: and so I've been. I mean, I'll get back to

1445
01:19:50,600 --> 01:19:51,240
Speaker 3: you next week.

1446
01:19:51,280 --> 01:19:54,720
Speaker 1: But I love that. How good is the yellow? Is

1447
01:19:54,720 --> 01:19:55,799
Speaker 1: the yellow a good yellow?

1448
01:19:55,840 --> 01:19:59,800
Speaker 3: I hope it's. I'm not a fan of yellow, but

1449
01:19:59,840 --> 01:20:03,880
Speaker 3: it it's pretty similar to the Lamborghini Hurricane that I

1450
01:20:03,920 --> 01:20:07,599
Speaker 3: had recently, that I had last year, the Stiato. So

1451
01:20:08,000 --> 01:20:10,320
Speaker 3: I don't person. I don't know. I wouldn't get yellow

1452
01:20:10,600 --> 01:20:13,439
Speaker 3: if it were me in almost any car. I can't

1453
01:20:13,439 --> 01:20:15,479
Speaker 3: think of a car that I like in yellow. Is

1454
01:20:15,520 --> 01:20:16,160
Speaker 3: there one you like?

1455
01:20:16,200 --> 01:20:17,440
Speaker 1: The color of madness?

1456
01:20:17,840 --> 01:20:21,680
Speaker 3: I just don't see it as a viable option. But

1457
01:20:22,200 --> 01:20:25,240
Speaker 3: there are motorcycles I would choose in yellow, like a

1458
01:20:25,320 --> 01:20:28,440
Speaker 3: Ducatti sport Classic, the first one that came out as yellow.

1459
01:20:28,160 --> 01:20:32,040
Speaker 1: And well that seems more like part of the heritage

1460
01:20:32,080 --> 01:20:32,519
Speaker 1: for sure.

1461
01:20:32,800 --> 01:20:35,240
Speaker 3: Yeah, you wouldn't take a yellow car, would you, I know,

1462
01:20:35,280 --> 01:20:35,880
Speaker 3: you like white?

1463
01:20:37,640 --> 01:20:40,240
Speaker 2: If it was a C three in a butter yellow,

1464
01:20:40,520 --> 01:20:42,600
Speaker 2: maybe like a buttery yellow.

1465
01:20:42,720 --> 01:20:46,439
Speaker 3: I might fare a C three and hopefully it's faded

1466
01:20:46,479 --> 01:20:47,479
Speaker 3: a little with patina.

1467
01:20:47,640 --> 01:20:51,879
Speaker 2: Yeah, yeah, like really powder powdered, like a powdered yellow

1468
01:20:51,920 --> 01:20:55,960
Speaker 2: with some patina. Maybe maybe, I don't know. I wouldn't

1469
01:20:55,960 --> 01:20:58,120
Speaker 2: say no, but it wouldn't be my first choice.

1470
01:20:58,160 --> 01:21:00,439
Speaker 3: Put it that way, What is usually your first like?

1471
01:21:00,479 --> 01:21:03,120
Speaker 3: What do you gravitate towards color wise?

1472
01:21:03,320 --> 01:21:04,120
Speaker 4: A great question.

1473
01:21:04,360 --> 01:21:07,360
Speaker 2: It really really depends on the car, to be honest.

1474
01:21:08,240 --> 01:21:11,160
Speaker 2: With Porsche's, I like the white ones, And I know

1475
01:21:11,280 --> 01:21:15,799
Speaker 2: that's probably weird, but I really like the white ones. Yeah,

1476
01:21:15,920 --> 01:21:19,519
Speaker 2: with something like a Rolls Royce. I do like like

1477
01:21:19,600 --> 01:21:24,679
Speaker 2: a traditional green. I love a Champagne. I'm still looking

1478
01:21:24,720 --> 01:21:26,639
Speaker 2: for a white Corniche.

1479
01:21:27,640 --> 01:21:29,519
Speaker 1: Because I don't know.

1480
01:21:29,520 --> 01:21:30,360
Speaker 4: I just think it'd be cool.

1481
01:21:31,320 --> 01:21:34,200
Speaker 2: It really depends on the car. I guess I'm not necessary.

1482
01:21:34,240 --> 01:21:38,400
Speaker 2: I don't typically go for red, ever, I love blue

1483
01:21:38,479 --> 01:21:39,120
Speaker 2: for Ferrari.

1484
01:21:39,240 --> 01:21:41,080
Speaker 3: To be honest, yeah, me too.

1485
01:21:42,120 --> 01:21:43,559
Speaker 1: Yeah, it's somehow because red.

1486
01:21:44,120 --> 01:21:48,160
Speaker 2: Yeah, McLaren cannot be orange like that. There are some

1487
01:21:48,240 --> 01:21:51,439
Speaker 2: colors that are way over associated with a brand, and

1488
01:21:51,600 --> 01:21:54,720
Speaker 2: I would never I mean, do you.

1489
01:21:54,720 --> 01:21:57,880
Speaker 3: Feel the same way, yes, totally. H Well, I mean

1490
01:21:59,080 --> 01:22:02,639
Speaker 3: so with Porsche GT. Silver obviously is a color that's

1491
01:22:02,760 --> 01:22:05,200
Speaker 3: very associated with Brandon, I would be happy to have one.

1492
01:22:05,479 --> 01:22:07,559
Speaker 3: I love that color, and same with.

1493
01:22:08,000 --> 01:22:11,400
Speaker 2: Silver, like a silver bullet Aston Martin, I would get

1494
01:22:11,400 --> 01:22:11,840
Speaker 2: the silver.

1495
01:22:12,080 --> 01:22:12,280
Speaker 5: Yeah.

1496
01:22:12,360 --> 01:22:14,680
Speaker 3: I think silver's a good choice for almost any car,

1497
01:22:14,800 --> 01:22:19,719
Speaker 3: especially like a Mercury, you know silver. But I wouldn't

1498
01:22:19,800 --> 01:22:24,000
Speaker 3: want a McLaren an orange either, or in any weird color.

1499
01:22:24,120 --> 01:22:26,360
Speaker 3: But I don't really think i'd want a McLaren In

1500
01:22:26,400 --> 01:22:31,479
Speaker 3: a Lamborghini, I would want like an aggressive orange or

1501
01:22:32,000 --> 01:22:32,280
Speaker 3: like a.

1502
01:22:32,560 --> 01:22:33,880
Speaker 1: I'd like a lime green.

1503
01:22:33,800 --> 01:22:34,599
Speaker 3: Poisoned green.

1504
01:22:35,040 --> 01:22:37,559
Speaker 1: Yeah, yeah, yeah, yeah, that's cool. That's very cool.

1505
01:22:37,720 --> 01:22:39,840
Speaker 3: Lamborghini could be the color of a tree frog. I

1506
01:22:39,920 --> 01:22:40,160
Speaker 3: like that.

1507
01:22:40,880 --> 01:22:44,720
Speaker 1: Yes, that'd be very cool, very I totally agree with that.

1508
01:22:44,760 --> 01:22:51,000
Speaker 3: But I typically gravitate towards greens and blues in almost.

1509
01:22:50,760 --> 01:22:53,880
Speaker 2: Yeah an, I was just going to say, I think,

1510
01:22:54,040 --> 01:22:57,360
Speaker 2: as a rule, in general, you can't really go wrong

1511
01:22:57,400 --> 01:23:00,440
Speaker 2: with a green or a blue on most cars.

1512
01:23:00,640 --> 01:23:04,599
Speaker 3: I also count out gray and black usually, Like if

1513
01:23:04,640 --> 01:23:06,680
Speaker 3: I'm searching for a car an auto trader, I'll go

1514
01:23:06,720 --> 01:23:11,480
Speaker 3: click every single color, but white, black and gray.

1515
01:23:12,320 --> 01:23:14,719
Speaker 4: Yeah, I understand that. I mean.

1516
01:23:16,600 --> 01:23:19,880
Speaker 2: Gray for sure. Are you into the chalk? Are you

1517
01:23:19,920 --> 01:23:23,439
Speaker 2: into the like very you? Do you count that as gray?

1518
01:23:24,120 --> 01:23:24,320
Speaker 5: No?

1519
01:23:24,400 --> 01:23:27,599
Speaker 3: And I mean there are exceptions, right, Like for me,

1520
01:23:28,160 --> 01:23:31,120
Speaker 3: portia is kind of an exception. There's and I got gray.

1521
01:23:32,320 --> 01:23:36,760
Speaker 3: I like the chalks that they had for the fiftieth anniversary.

1522
01:23:36,880 --> 01:23:43,439
Speaker 3: A yeah. And I also a porsia like. I would

1523
01:23:43,520 --> 01:23:47,439
Speaker 3: take a porsiae in almost any color, you know, because

1524
01:23:47,439 --> 01:23:49,160
Speaker 3: I think nine to eleven's look good no matter what,

1525
01:23:49,360 --> 01:23:51,879
Speaker 3: as long as it's not one of the free colors,

1526
01:23:52,439 --> 01:23:56,559
Speaker 3: so guard red, black or white and yellow those are

1527
01:23:56,640 --> 01:23:58,920
Speaker 3: usually the free ones, right, and then all the other

1528
01:23:58,960 --> 01:23:59,519
Speaker 3: ones are good.

1529
01:24:00,600 --> 01:24:01,960
Speaker 1: You know what that reminds me.

1530
01:24:02,600 --> 01:24:04,360
Speaker 2: I'm not going to name a name, but last night

1531
01:24:04,720 --> 01:24:08,559
Speaker 2: in Miami someone was talking. Someone that I know got

1532
01:24:08,600 --> 01:24:12,760
Speaker 2: an st and only had to wait six months for it,

1533
01:24:12,800 --> 01:24:17,120
Speaker 2: which is pretty good. But the compromise was he had

1534
01:24:17,120 --> 01:24:20,680
Speaker 2: to get it in white. Would you take that compromise?

1535
01:24:22,240 --> 01:24:23,280
Speaker 3: Not a problem at all?

1536
01:24:23,920 --> 01:24:24,040
Speaker 4: All?

1537
01:24:24,160 --> 01:24:25,840
Speaker 1: Right, Well, there you were, there's our base.

1538
01:24:25,920 --> 01:24:28,960
Speaker 3: I would take it in primer unpainted not.

1539
01:24:28,920 --> 01:24:30,040
Speaker 1: Yeah, I don't even bother on it.

1540
01:24:30,040 --> 01:24:30,360
Speaker 5: Problem.

1541
01:24:30,439 --> 01:24:32,040
Speaker 3: By the way, I think a nine to eleven looks

1542
01:24:32,040 --> 01:24:34,559
Speaker 3: great and white, especially if you have like red leather,

1543
01:24:35,040 --> 01:24:35,400
Speaker 3: you know.

1544
01:24:35,600 --> 01:24:39,320
Speaker 2: Me, oh oh so cool, me too, timeless, like cool,

1545
01:24:39,400 --> 01:24:41,080
Speaker 2: a little bit of an attitude.

1546
01:24:41,680 --> 01:24:43,120
Speaker 1: I totally agree.

1547
01:24:43,200 --> 01:24:45,600
Speaker 3: Also, it's not the base white. I don't think you

1548
01:24:45,640 --> 01:24:48,519
Speaker 3: could probably get an st with just the base white.

1549
01:24:48,560 --> 01:24:52,840
Speaker 3: It's probably some special mineral, you know, alpine white.

1550
01:24:53,800 --> 01:24:54,000
Speaker 4: Right.

1551
01:24:54,320 --> 01:24:56,280
Speaker 2: Well, I was going to say, there are different types

1552
01:24:56,280 --> 01:24:59,240
Speaker 2: of white, and I definitely am very against any sort

1553
01:24:59,240 --> 01:25:04,080
Speaker 2: of pearl lesson scent white. There should be no paralyzed

1554
01:25:04,479 --> 01:25:08,639
Speaker 2: anything in. It shouldn't be like a milky. It needs

1555
01:25:08,640 --> 01:25:14,280
Speaker 2: to be like cocaine white. And no, Matt, please, no, no, no, no, no, no,

1556
01:25:14,360 --> 01:25:15,519
Speaker 2: We're not crazy, Come.

1557
01:25:15,400 --> 01:25:21,440
Speaker 3: On, cocaine white. They should call a color. Well, Lamborghini

1558
01:25:21,439 --> 01:25:27,759
Speaker 3: should do that, you know. Yeah, yeah, brand Bolivian marching powder.

1559
01:25:28,760 --> 01:25:29,280
Speaker 4: There you go.

1560
01:25:29,760 --> 01:25:33,599
Speaker 1: Yeah, that makes total sense, especially for Miami, you know.

1561
01:25:34,720 --> 01:25:36,559
Speaker 3: Yeah, one hundred percent for Miami.

1562
01:25:37,920 --> 01:25:42,200
Speaker 2: I will say, speaking of black though, that Lamborghini Robuolto

1563
01:25:42,320 --> 01:25:46,000
Speaker 2: I had that I infamously got a ticket in was

1564
01:25:46,240 --> 01:25:49,280
Speaker 2: all black black black black, and that was a very

1565
01:25:49,320 --> 01:25:50,120
Speaker 2: strong look.

1566
01:25:50,520 --> 01:25:51,400
Speaker 1: It was very cool.

1567
01:25:51,479 --> 01:25:56,880
Speaker 3: Yeah, triple black is a is a good choice usually, Yeah,

1568
01:25:57,200 --> 01:26:00,400
Speaker 3: all right, well, cool, that's all we have for this week.

1569
01:26:00,960 --> 01:26:05,320
Speaker 3: Next week I have my special embargoed news on Harley Davidson,

1570
01:26:06,040 --> 01:26:08,120
Speaker 3: which I think is going to be pretty exciting. I'm

1571
01:26:08,160 --> 01:26:11,840
Speaker 3: actually I'm hoping that pursuits even Princess story because I'm

1572
01:26:11,840 --> 01:26:17,240
Speaker 3: gonna write a story for Chris exciting, and then I'll

1573
01:26:17,320 --> 01:26:19,639
Speaker 3: come back to you with my experience in the Corvette.

1574
01:26:19,640 --> 01:26:21,400
Speaker 3: I haven't had a chance to ring it out yet,

1575
01:26:21,400 --> 01:26:25,040
Speaker 3: but I imagine for sixty eight grand and a Boxer

1576
01:26:25,120 --> 01:26:28,000
Speaker 3: starts at like seventy five, I can't I don't get

1577
01:26:28,000 --> 01:26:29,559
Speaker 3: why you would choose the Boxter, but.

1578
01:26:31,280 --> 01:26:34,000
Speaker 2: Well, I'm going to wait to hear what you think

1579
01:26:34,560 --> 01:26:36,880
Speaker 2: of the Vet. I mean, that's a whole lot of

1580
01:26:36,920 --> 01:26:38,880
Speaker 2: car potentially.

1581
01:26:39,080 --> 01:26:42,000
Speaker 3: Sure, it's you know, I don't know how what the

1582
01:26:42,080 --> 01:26:44,599
Speaker 3: numbers are, but four hundred and fifty horse power right,

1583
01:26:45,280 --> 01:26:47,519
Speaker 3: six point two liters of V eight it's behind you.

1584
01:26:48,800 --> 01:26:54,559
Speaker 2: Yeah, So I'm cool, Yeah, cool, cool, cool.

1585
01:26:54,680 --> 01:26:55,679
Speaker 1: Well, glad you're back.

1586
01:26:56,600 --> 01:27:00,000
Speaker 3: I'm glad to see you, and look forwards next week.

1587
01:27:00,280 --> 01:27:02,320
Speaker 3: I'm Matt Miller and I'm

1588
01:27:02,320 --> 01:27:04,240
Speaker 1: Hannah Elliott, and this is Bloomberg