Latest / BREAK/FIX the Motorsports & Vehicle Enthusiast Variety Show / Ferrari Fridays: Monterey Madness 2024 and Manual Dreams

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Ferrari Fridays: Monterey Madness 2024 and Manual Dreams · BREAK/FIX the Motorsports & Vehicle Enthusiast Variety Show

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As part of Ferrari Fridays, William Ross from the Exotic Car Marketplace
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will be discussing all things Ferrari and interviewing people that live
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and breathe the Ferrari brand.
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Topics range from road cars to racing, drivers to owners, as well
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as auctions, private sales, and trends in the collector market.
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And hello everyone, welcome back to the Ferrari Marketplace podcast.
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It's been way too long, I apologize for that, but My summer has been
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absolutely crazy, insane, driving, traveling, just taking care of a lot
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of stuff, uh, making things happen.
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So.
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As you know, the market is going as everyone can possibly, probably see
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is, you know, we're in a bit of a dip.
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So I have a lot of people that are thinking they're going to
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steal some cars, so to speak, in regards to getting great deals.
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And there's some out there, no doubt.
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Because we're going to talk today in this episode about Monterey car week
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and all the auctions that happened that whole week as there is several of them
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that happened throughout that week.
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Uh, if I get a little muffled here and there, I apologize.
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I have three kittens I'm fostering right now, and one of them insists
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on sitting right by my face.
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So, but anyways, that's what we're going to get into.
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But first and foremost, I want to reach out and appreciate the support
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of the Motoring Podcast Network.
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The FerrariPlace.
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com, GarageTile Magazine, and The Collector Car Guide.
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So, check those things out, say hello to them, hit up their websites, see what
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they've got going on, especially check out the Motoring Podcast Network, uh,
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we've got a lot of cool stuff on there, podcast wise, covering a lot of bases, so.
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A lot of cooler stuff coming along.
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My man, Eric, uh, has a lot of cool stuff coming up as well on BrakeFix, but also
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with the ACO, uh, and stuff like that.
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So, a lot of cool things happening.
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So, check those out, give them some support, and let's get going.
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So, as I stated, we're going to be talking about Monterey Car Week 2024
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and all the auctions that went on.
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Now, this was going to be very closely scrutinized and watched amongst
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individuals and people that are in this world that either obviously operate and
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that's how they make their income or be people that buy and collect vehicles,
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buy and sell them or what have you because, you know, it's um, We've had
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these before and this always happens.
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So anyone that watches the market closely knows that, you
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know, hey, everything goes up.
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Must come down.
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So it just depends on when things happen.
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So it was our last pretty big downturn.
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There was something like this was back in, you know, Oh, 809 during that big old
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recession deal, wherever you want to call it in regards to everything melting down.
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And you know, that whole kit and caboodle, um, you know, everyone thought COVID
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was going to be, you know, uh, Take everything into the gutter, but actually
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it everything went the opposite way But anyways, so it's been a while since we
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had kind of this sort of dip I guess you would say and going out there and
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possibly finding some good deals and get you know Getting cars back as I
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would kind of like to say back to some more realistic Pricing because I will
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say some of these prices on cars were getting absolutely obscene I mean, I just
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I couldn't understand it And, you know, it's unfortunate because what you have,
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what you get is, you know, someone out there, say, let's just, you know, for
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argument's sake, a 550 Maranello, um, you know, because hey, all of them are, those
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are all 6 speed manual cars, so that's what's hot, everyone wants the analog
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6 speed, you know, manual cars, and as a side note, I still say that Ferrari
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should come out with, uh, reintroduce a model that has a six speed manual in it.
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But anyways, uh, that's neither here nor there, but as I was
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talking, as I kind of lost track a minute here a second, but anyways.
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As I take the 550, but you have an owner that sees a car sell or go at auction or
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something like that for some crazy number.
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Cause it probably, you know, it had special options, low
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miles, blah, blah, blah.
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But then they have their car that, you know, needs a belt service, needs
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all this kind of stuff that they think their cars were at the same amount.
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So, you know, with what I do, a big portion of what I have to do is educate
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and Sometimes you're going to get them to understand the situation and
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see, I want to say, not that point of view, so to speak, but just say, look,
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understanding the logic of why, Hey, your car wasn't worth that, what that
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car was, you know, this is what your car is in the region of value wise.
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Cause of this, you know, you just lay everything out, you know, you compare
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apples to oranges, so to speak, and just lay everything out in regards to why
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Your car is not worth what his car was.
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So, or all the way around.
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So it's, you know, it's one of those situations, like I said, you
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know, a good portion of majority of this stuff is actually just
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educating some of these owners.
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And, you know, you would think that when you're spending that kind of money
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on vehicles, that these people would do a lot of homework and really kind
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of dive deep and understand valuation, market trends, everything like that.
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But again, Here's the thing.
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As I always tell people, if you're going into this to buy a car as an
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investment, and that's your sole driving factor is, Hey, I'm going to buy this
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car because in five, 10 years, it's going to double or triple in value.
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So let me get my money back.
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If that's your mindset, you're going to screw yourself.
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You're going to be F'd because that is not the way that you approach this.
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You buy a car because you love the car, you buy the car because you
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love how it drives, how it looks, everything, you know, everything that
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comes along with it, you know, going to rallies, going to events, everything
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like that, just the camaraderie.
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That's why you buy that car.
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And you know, Hey, luckily for you, if you're in that financial position
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that you can afford it, God bless you, get it, have some fun with it.
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But You know, don't go with that mindset.
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Now, granted, there are going to be some that, Hey, you're pretty much dumb.
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I, I'm not going to use the G word, but you know, um, you're
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pretty close with, Hey, that.
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You don't only would get your money back, but, and then some, but now those are
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scenarios where you are either a, a very, very good customer of that manufacturer.
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So you have the opportunity to get dibs on first cars that come out of it like that.
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You know, they contact you, Hey, we have this car coming out, you know, do you
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want an allocation, blah, blah, blah.
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And everyone's going to say yes, because they know that they can get it, keep
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it for a year, whatever Whatever the restrictions may be, and then turn around
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and sell it and make a bunch of money.
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So, um, that does happen, but now and then there's also ways around the restrictions
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that get put on some of these cars.
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You know, Ferrari is very well known for being very, very strict.
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Putting up some crazy ass restrictions on new cars that come
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out just to try and protect it.
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They're not going out.
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They're just getting flipped.
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You know, granted, you're going to have a lot of these guys.
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They keep the car because they want the car.
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Let's take example of the new F80 that's coming out.
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If none of you have heard this yet, but that's what it will be is the
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F80, uh, allocations and people build slots and whatnot have gone out.
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Uh, if you look up online, the one I, you know, fantastic guys,
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David Lee, just look up Ferrari collector, David Lee, and look up.
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He's got a thing on Instagram.
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He did his little, uh, you know, reveal on his thing that he got shown that
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he has an allocation for an F 80.
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Um, and because it's been 80 years, a whole nine years, it
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all coincides with everything.
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So, uh, the car is going to be spectacular from my understanding.
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Uh, it's going to have, you know, all the bells, whistles, but it
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still will have a natural aspirated V12, um, from my understanding.
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Um, but they're going to have, I believe, hybrid assist, something like that.
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I'm not 100 percent sure.
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I've gotten things here and there on it, but I hate, you know, to
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speculate because then when you're wrong, you look like an idiot.
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So, I wait until the actual facts come out and see what it is.
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So, but I'm excited for that.
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That's going to be a great car.
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But anyways, we need to get back to what this original
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thing was supposed to be about.
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I apologize if I keep rambling on because like I said, you know, it's been a while
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and I got a lot to get off my chest.
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But anyways, we're going to go talk about Monterey this week or this past, you know,
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two weeks ago or whatever the heck it was.
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Uh, I did not go out there.
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Um, these that week that Monterey happens is the week I take
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my daughter back to college.
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So this is her second year going back to school.
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She's going to Kent state.
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Uh, so, I try and squeeze it in because she goes back right in the middle
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of the week and going out there.
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It's just not worth it.
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And in all honesty, it's becoming such.
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A zoo out there that I mean, it's kind of tough.
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I want, I mean, you'll enjoy yourself.
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You're going to see some awesome cars, you know, uh, there's
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some great events to attend.
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There's great parties.
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There's stuff that, hey, you're free.
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There's stuff that you got paid for, you know, but the traffic.
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Just everything, unless you can afford it, get a bunch of guys together
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and get yourself something that's close to town, something like that.
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It's a pain in the ass.
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Like I, you know, know some guys they went out to and they were staying almost
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an hour outside of town miles wise that should have taken them 45 minutes to
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hour, but it was taking them two to three hours to get in just because of traffic.
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You know, and that's not what I go out there for.
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I don't want to go out there and sit in traffic like that.
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Just makes for a long, long day.
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Cause you drive in and then you're there, you're stuck there.
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You know, I don't know.
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Maybe it's just me.
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I'm sure there's other people that feel this way.
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But you know, I like to have knowing that I have an in and out that I can,
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you know, if I need to get away, I can either jump in my car real quick,
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drive for 10 15 minutes, get back to my hotel room, get back to my Airbnb,
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whatever, and just chill and relax.
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Then come back a little bit later, re energize and do it.
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I hate knowing that I'm stuck somewhere.
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It drives me insane.
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But you know, it's, it's crazy from what it used to be to what it is now.
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You know, it's always been very busy.
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It's always been a great event to attend.
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And I always tell people, if you've never been, do what you can.
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If you're a car person, that's definitely an event to go to.
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This is just absolutely spectacular.
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Definitely, definitely.
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You know take take in at least once in your life because it's really cool
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But for warning you once you go once you're gonna want to keep going back.
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But again, it is not cheap It is not cheap to attend these events.
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It's not cheap to go to you know, the concourse Pebble Beach thing itself
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on Sunday You know, I mean you got to allocate, you know If you want to do
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it, right for one person, you probably need to allocate 10 grand 7, 500 bucks
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to 10 grand because of you know, the You know, obviously you want to try and
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split everything, but you got your, you know, what you could drive out there,
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but you have a plane ride, car rental, you know, your room rental, whatever
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you want to have, but it's, you know, where you're going to put your head,
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you know, food, all that kind of stuff.
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You know, there's so many of those, uh, little intangibles, whatever,
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so to speak, that you're going to have to foot the bill for.
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It can get quite expensive, but I said, you know, could you half ass
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it and try to do it on the cheap?
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Yeah, of course you could.
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You know, take the tent, maybe camp out, whatnot.
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Do it the rough way.
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You could have some really good content with that.
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You know, why not?
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Do what you hate.
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You do you, but I definitely recommend going.
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Um, I might not get out there again.
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I'm going to try and possibly go next year, but it all depends.
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If my daughter, if she's getting her own apartment, which more than likely
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will happen, then that's a whole new ballgame in regards to moving around
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and doing all that kind of stuff.
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So, who knows?
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But again, like I said, you know, a lot of stuff you can see
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online now, everything like that.
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Granted, it's nice to meet people and network and do that kind of stuff, but
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You know, a lot of those people out there, you know, trying to get their ego stroked.
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So, um, getting things done and what not, I don't know.
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It just gets a little tiresome.
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You know, I'm 54.
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You know, it just gets old.
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You know, it's like, hey, I'll come to your house.
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What city do you live in?
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Let's just meet up there.
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I'll fly in, drive in, whatever.
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We'll sit down, we'll chat, we'll figure some things out.
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We'll find you a car, get your car sold, whatever.
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But all right, enough of that.
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I've rambled on for almost 12 minutes about a whole bunch of
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nonsense and everything like that.
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So I apologize for that.
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But anyways, let's get on to Monterey.
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So for those of you that were watching results and one thing, and you
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know, as a side note, I apologize.
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I'm going off on a tangent again is I would wish.
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Some of these auction houses, they're fantastic.
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I'm posting the results and everything like that.
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Um, the one thing that just drives me nuts that I hate because you're
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going to find out the information anyways, it's going to get posted.
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People are going to dig, it's going to get found.
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Just do the right thing and do a sound just post a post what it
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went for after sale, post sale, whatever, you know, and Hey, what's
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the high, what did it get bid up to?
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I mean, Come on, you know, it's that kind of stuff drives me nuts.
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Mecom is absolutely horrible in regards to auction results.
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You have no idea what I've been up to.
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You have no idea what it's sold for or whatnot.
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They don't post crap, you know, so I, it drives me absolutely insane with them
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trying to do research or what have you.
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Luckily, there's a couple, uh, sites and whatnot that I'm, I
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guess you say subscribed to that, you know, it shoots me every day.
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I get results, sales results, auction results, stuff like that.
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So, um, I get covered.
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So I, I have a thing, but it's just for someone that's out there, Hey, you
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know, wanting to do a little research, it can just be a real pain in the ass.
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But anyways, getting back to some of these results.
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Now I know overall, Everything went well.
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A lot of these auction houses do.
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I think it was just a shade, uh, a shade under 361 million or think the total was,
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um, something like that in total for like all the auction house, which is good.
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I don't want to say, I think it was an increase, slight increase, whatnot.
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Um, maybe I should have done a little more research on this, but I was trying to
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look all this crap up and it was just big.
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My eyes go cross cause I was just getting annoyed, you know, cause you're trying to
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find stuff out and you can't find it out.
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And just because.
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Again, why just post the shit?
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All right, just post it.
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Would you, you know, what's it gonna hurt?
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But anyways, we're going to talk specifically, obviously about the
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Ferrari's that went across the block.
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Um, and some hate, some sold for a world record price.
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Some didn't meet expectations.
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They didn't even hit the low bid, uh, low estimate, you know, they were, and
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they were way under the low estimate.
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So that's kind of where some of these people were able to kind
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of, yeah, I guess they swoop in and get themselves a good deal.
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I guess you could say, um, you know, 'cause that's the other
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thing too, not kinda knowing, obviously depending on year.
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So if you're talking basically a 5 50, 5 75, uh, 360, 4 30, eh,
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you know, those cars, whatnot.
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I mean, I'm sorry, not 14, but the 360, um, 5 75, 5 50, um, 5
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9, 9, a little bit, but you know.
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Basically cars that when you got to get a service you're talking, you know,
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10, 15 grand, you know, because you have to do belts, everything like that.
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Some of those you got to pull the motor, all this crap is just, you
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know, it's just a pain in the ass.
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So, but, you know, that kind of stuff you don't know anyways going in or whatnot.
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So, you know, there's some of these things, well, hey, it's sold for this,
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but well, you know what, you're going to have another 20, 30 grand on top of that
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just for mechanicals and whatnot to get that thing up to snuff to re drive it.
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Now, the one thing I've always kind of bantered about with this is.
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Who, is it actually getting purchased or bought by an individual to drive,
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put in their collection, whatever?
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Or is it getting bought by a dealer?
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I can't tell, I mean, you see it all the time.
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I track this stuff and see it, and obviously it's really easy because
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of VINs and that kind of stuff.
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But, is Seeing a car go across the block, seeing what it sells for, you
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know, all in fees, the whole nine yards, like, okay, that's not too bad.
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You know, someone, someone got a pretty decent deal on that, they'll be happy.
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Three months later, you see it sitting, being advertised at a dealer.
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You know, I mean, hey, you know, people went in for money and whatnot,
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and they saw a deal, they got it, and hey, they can make a few dollars.
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God bless him.
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You know, but it's like, how long is that car going to sit there?
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You know, and you know, I, I'm sure once they get their hands out, if they
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try and get a hold of low bidders and whatnot, the person that was second,
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third, fourth in line, reach out to them and say, Hey, I got that car,
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you know, and try and do something.
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But again, Hey.
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You're in the business to make money.
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That's what you gotta do.
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That's what you have to do.
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But I'm going to talk about some, uh, let's start with talking about
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some, uh, five fifties because there are some that sold for, I would
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guess you would say the right money.
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Um, but then you had some that, you know, like, wait, why did
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it sell for that much money?
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You know, it kind of was a little bit baffling, um, in regards to price on it.
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And you know, why would it go for that?
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Um, Then we'll jump up to the 575s, but then we're going to talk
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about the 599s that went across.
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There were two 599s that went across that were actually factory
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six speeds from the factory manual cars that you know, everyone's told
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Oh, those are million dollar cars.
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Well, they didn't sell anywhere near a million dollars And I know that there's a
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dealer out there sitting on one of these.
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He's had it for a bit That is not going to be happy with those results because
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he's about 200 grand over, uh, on the high bid one, uh, high auction winning, uh,
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five, seven, uh, uh, 599 that went across.
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So, um, cause that's just going to be ammunition for someone to come
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and say, well, look, these two sold just recently a Monterey for this all
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in you're 150 to 200, 000 over that.
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You know, God knows what the guy's got into the car and what he picked it up for.
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I mean, cause the guy is not on consignment.
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And it's no secret, just do a search, go into Auto Tempest.
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You'll find it.
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Um, hold on, let me take a sip of my Diet Mountain Dew.
18:03
My vocal cords are getting a little dry.
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But now, Let's look at this one.
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Now, this is a 99 550.
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Now it's a very unique color, but it's got interior color that I just despise.
18:15
I hate tan interior.
18:17
Um, but this was finished in the blue NARC.
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This was done over at, um, RM Sotheby's.
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Big fan.
18:23
I love RM.
18:24
RM's great.
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Um, their good was about publishing numbers, everything like that.
18:27
So, but, Obviously being a 550, it's a six speed manual, but it
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only had just under 5, 000 miles.
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So everything was done the whole nine yards.
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Um, not sure about when the last service was done, everything like that.
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Um, but you know, this thing sold, um, it was at 280, 000.
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So now if you look at some other recent stuff that's going on, you
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know, I've seen five fifties, fifties.
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You know, obviously more miles, a lot more miles, you know, you're talking, you know,
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maybe 20, miles, you know, going for 000.
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So, I mean, that's a huge swing.
19:08
You're talking basically half of what this is now.
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If you drive your Ferrari and you take care of it, you can put miles on it.
19:17
And you know, these things, you know, 550, 575, 590, those
19:20
are grand touring cars, man.
19:22
Those cars are made to get on the road and just go, you know, could you
19:25
have a little Canyon carving with it?
19:27
Of course you could, you know, because they're front mid engine cars, you know?
19:31
So, I mean, it's got the handling that means not a mid engine cars,
19:34
not a, you know, 360 or four thirds or anything like that.
19:38
But, you can still have some fun with it, but those cars are made to get on
19:40
the road and just go for a drive across country, which, in the next few years,
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we're gonna set up, and my man Eric, you're gonna be my co pilot, just FYI.
19:50
So, but anyways, um, this thing sold for 280, low miles, Very unique.
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I hate throwing out the word rare, but, um, you know, beautiful color.
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Now, the one thing about these, and this was very common with a lot of these sales
20:06
that was going on is due to the fact that a lot of these cars, obviously getting
20:10
shipped into California for the auction either had to be sold to a dealer or
20:14
it had to someone out of state had to buy it just because of emission stuff.
20:18
Um, you know, so, Out there as you can see there's always way works that you
20:23
know you buy you just put it under your Montana LLC Um and bang, there you go.
20:27
You have it.
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So anyways, so this thing went for 280, 000, you know unique color everything
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like that Now, like I said, you go online you look around you find stuff that's for
20:37
sale out there Like I said, you're gonna be anywhere from The low hundreds on up.
20:41
So again, it depends on miles, colors, you know, just how well is this thing
20:45
maintained and everything like that.
20:48
So let's find that other candidate that I had that was for it.
20:54
Where'd you go?
20:56
Oh, here we go.
20:57
Now this one was interesting.
21:01
And because here's the thing, this thing, again, it had,
21:06
where's the mileage on this one?
21:07
Um, 21, 000 miles, but now it's in the hot, the hot color that, you know,
21:15
and I want to say David Lee, you're the man that kind of kicked all this
21:18
stuff off with the yellow, yellow.
21:22
Uh, everyone all of a sudden got this big kick in regards to
21:25
having yellow, yellow Ferraris.
21:28
Um, I know David, you know, he's got his yellow ones.
21:31
Now, some of them he had to get repainted because some of them they did not
21:34
come from the factory in that color.
21:36
Yeah.
21:36
So he got them repainted, which, Hey, have at it.
21:39
You know what, no big deal, but he's, he's got a 288 GTO that he did up in
21:43
this color and it looks spectacular.
21:46
And I don't know, you know, if you look up some other, uh, 288s that were done
21:49
at, there's a black one running around.
21:51
There's a white one.
21:52
There's this, uh, yellow one that David's got.
21:53
I mean, it looks great, you know, and why not have at it?
21:57
He has some fun with it.
21:58
You know, who cares?
21:59
You know, it's your car.
22:00
Do what you want.
22:00
But anyways, this went by from Gooding.
22:04
Now this one had 21, 000 miles on it, it had, you know, obviously it's yellow
22:08
with black interior, uh, it had a major service that was just recently done.
22:13
What does that mean?
22:14
I don't know, because, um, it's, you know, what's recent to you?
22:20
To me, recent's within the past six months.
22:22
Some people say, oh, it's had a recent service, when was it?
22:24
Oh, three years ago!
22:26
Well, here's the thing on your services.
22:28
It's either by mileage or by years.
22:31
If you go minimal, basically is every five years, you know, if you
22:36
haven't achieved it through mileage, you need to get your belt service
22:39
done and get the major service done.
22:41
Plain and simple.
22:41
So I don't know what they mean by racing, but anyways, this sold.
22:45
for 212, 000, I'd just say under just under 213, 000.
22:49
Now here's the thing, this is what I like about Gooding.
22:52
They had an estimate, it was because this went without
22:54
reserve, of 250, 000 to 300, 000.
22:57
So right there it shows you this thing went for basically 30, 000
23:02
under its low estimate, right?
23:05
Is my math right?
23:06
Uh, thirty five thousand, basically.
23:10
Yeah, roughly about, a little over thirty five, thirty six thousand
23:13
dollars, thirty seven thousand dollars, under the low estimate.
23:17
So, that kind of tells you, okay, but why?
23:20
Why did that other one go for so much more than this one did?
23:23
Well, I don't know, color, but it's got the yellow, because of, uh,
23:28
I don't know.
23:29
I mean, that's one thing.
23:29
So, and again, who's in the room, who's not in the room going around.
23:33
This is, this was a good deal, in my opinion, because of what the color is,
23:37
recent service, everything like that.
23:39
And it had an original owner until 2024.
23:42
So basically a one owner car.
23:44
So, This thing was stunning.
23:47
Absolutely beautiful.
23:48
I watched this thing go across and if I had the pockets I would have
23:51
bought this thing because this thing looks stunning in the yellow.
23:53
Um, it's absolutely fantastic.
23:55
So that kind of gives you an idea of going through between these where the
24:00
one met its low, it didn't go over its high reserve, but it met it and hit it.
24:06
Now this one, you know, obviously being way under like that was
24:09
a little, you don't know why.
24:11
And again, you have all these variables involved when you go.
24:15
And it happens.
24:16
Now, look at this one.
24:19
And this is why, because, here's the thing, because this is a 2001
24:26
550 Maranello.
24:28
Estimate?
24:29
300, 000 to 400, 000.
24:32
This went out without reserve.
24:34
Had just under 3, 000 miles on it.
24:37
Had a recent service, everything done.
24:39
It was a 2023 Ferrari Club of America Platinum award winner.
24:42
So it's got, but here's a key thing.
24:44
Cause not many were built in black on black.
24:47
So, um, I love this car.
24:50
This thing is spectacular.
24:51
I'm a big fan.
24:52
Black on black.
24:53
Um, you know, but absolutely stunning car.
24:57
You know, everything got ticks all the box, everything like that.
25:02
368, 000.
25:04
So, again, miles, color, that plays a role.
25:07
So look at that big swing between, basically, you know, nothing was huge and
25:11
different across the years in the 550s.
25:13
You know, they didn't change anything, there was no
25:15
evolution or anything like that.
25:17
They're pretty much, yeah, hey, from when they got the first ones to the
25:20
last month line, bam, you know, it's when they do any type of change on it,
25:25
they just change the, uh, nameplate, they change the moniker on the car
25:29
to something else, hence like this, they change it to 575 when they start
25:32
doing some big changes, so, but look at that big swing, that was what, close
25:37
to 150, 000 swing in regards to price between one, two, Miles, this thing had,
25:46
you know, was it 18, 000 less miles?
25:49
Um, and it's got the, you know, the yellow is a very desirable and hot color.
25:54
So, I mean, that's just a huge swing difference, but that kind
25:57
of tells you what was going on out there in regards to pricing.
26:01
So someone got, you know, I want to say a good deal on this, but the
26:04
thing is, cause it was black on black.
26:06
Um, but again, that scenario, this person, are they going to drive it?
26:10
Who knows?
26:11
Because of, Hey, low miles.
26:14
Black on black, more than likely, this thing will probably get driven maybe 200
26:18
miles a year at best, which is sad because this thing needs to get driven, so.
26:22
But, we're going to go and jump over to 575s.
26:27
Now here's the one thing about 575s.
26:29
Uh, as we know, if you watched any, uh, my one I did in regards to comparing 550
26:35
to 575s, you know that obviously 550s, the whole production run was all manuals.
26:40
But then when you got into the 575s, they brought in the F1 transmission.
26:44
So out of the, what is it, roughly 5, 000, just under 000, whatever that amount was,
26:49
you know, production numbers, only 268 of them were actually factory manuals.
26:56
So, that's where the desire comes in, is finding yourself a factory manual 575.
27:01
Now, that's where you're going to get the, you know, kind of, I guess you would say,
27:04
big price swing between them in regards to, alright, well, hey, a Regular 575
27:12
F1 training, you know, even with lower miles or anything like that, dollar wise,
27:18
you're going to be between 125 to 175.
27:22
Depending on miles, colors, you know, options, everything
27:24
like that, that's where you're going to be on an F1 training.
27:26
Now, if you jump into the factory 6 speed, basically what it is, is it
27:31
should double in price, in essence, just because of the low production numbers.
27:34
So that's really good.
27:36
But were you having that?
27:38
Not really so much, which was crazy because it's, um, again,
27:43
weird what the market was doing out there in regards to it now.
27:47
So we had like this one here.
27:49
Now it was of the, you know, 246 examples produced with the manual.
27:54
So this thing has just under 10, 000 miles on it.
27:58
Um, and, It's got very limited service documentation, which it
28:04
which is kind of odd for a Ferrari.
28:06
So I just kind of showing someone being lazy But here's the thing with this now,
28:11
it's in your standard tan and what you're like I'm sorry, you know your red tan
28:16
interior or creamish color interior on this but this thing sold for 240 96, 500.
28:26
So my guess is the estimate on this, uh, was between 250,
28:30
000 or 250, 000 to 350, 000.
28:33
They gave themselves a wide berth on that.
28:35
But again, it was a factory manual car.
28:37
So price wise, I mean, are you there?
28:41
I mean, I don't know.
28:42
Because here's the thing with these.
28:43
Now, obviously, value wise, you get this You know, factory from, you
28:48
know, from the factory six speed.
28:50
Yeah, that's a lot of value, but with those cars, with the 575
28:55
and a 599, um, and obviously with the 430, you can actually convert
29:02
those over to a six speed manual.
29:04
Uh, all you gotta do is pull off the hydraulic actuators and everything
29:08
that's being, you know, that does all the shifting for you because the
29:12
actual transmission itself is still.
29:15
a manual transmission that was built because they just hooked up all these,
29:20
and it's very heavy to the whole system, the whole unit, you know, they just
29:23
hooked up a whole hydraulic system to it.
29:27
That did all the work for you, blah blah blah, the computer did everything, so.
29:31
You know, you go to EAG, uh, there's a couple other entities
29:34
out there that can do it.
29:35
Um, but anyways, EAG is the best known for doing it.
29:38
Is, the key thing is you're getting your computer programming done correctly.
29:41
That's where you're going to need all the help at.
29:43
So, because that's what's going to drive the system, so it knows
29:46
to do the revving, everything like that, um, and getting it done.
29:50
So hopefully, you know, like I said, you go to EAG, it's
29:53
about 40 grand, do it right.
29:55
And the nice thing with EAG is any other service or whatnot you
29:58
may need, they can handle it.
30:01
Let's look at this 2003 again.
30:03
That thing sold for just under 300, 000.
30:06
And, you know, I would say a decent deal.
30:10
Um, you know, not a steal or anything like that.
30:13
But, again, you gotta try and find yourself.
30:16
Where are you gonna find another 575, 000 Maranello?
30:20
Um,
30:23
In regards to, you know, manual one, doing it.
30:25
So, like you can go out and bring a trailer against it, but that's
30:27
probably where they're at dollar wise.
30:29
So, that was actually a good result.
30:31
So that's where, that's a market correct result for that car.
30:34
Now, obviously, like I said, you go to other ones that are
30:37
F1 training and whatnot, you're in the low to mid hundred range.
30:40
So again, but what you could do is, and here's my opinion, because if I'm
30:44
gonna drive the car, if you're gonna have to drop 300 grand on a factory six
30:49
speed, Let's see, I can pick up one for 125, 000, let's just say, that's got
30:55
maybe, I don't know, 15, miles on it.
30:58
I can drop 40, 000, so let's just say 50, 000, because there are
31:02
other things I need to get done.
31:03
50, 000 on it to get the tranny turned over to a manual.
31:07
I'm under 200 grand into the car.
31:10
I'm enjoying it.
31:11
I got the manuscript and you know what?
31:12
I'm just out there having fun with it.
31:15
Will you get back what you got it?
31:17
Cause like right now, if you go online and you look around for some
31:19
that, uh, you know, had the swap done, you're probably, you know, I
31:23
see it in there between 175 to 225.
31:27
Depending on the car, mileage, everything like that, colors, everything like that.
31:30
So, you know, and some of those are creep that are in the 200 range.
31:34
There's one out there.
31:34
I think it's at 205 or something like that.
31:37
I mean, you know, that's pushing it.
31:40
I don't think you'll get it.
31:41
And that car has been sitting at that dealer for a while.
31:43
Um, but if it's your own car, I mean, get it done, you know, the, uh, color
31:48
combination options, everything open up immensely when you're not hindered by
31:55
having to purchase Speed because one, there's only the 246 that were built
32:01
and two, how many are actually out there in the market that are for sale.
32:04
And so you got to get your choices, get limited and you can't be good.
32:08
You can't get picky about it.
32:10
And so I was like, well, I'm spending 200, 000.
32:12
I'm gonna get what I want.
32:13
Well, yeah, that'd be great.
32:14
But your problem is, is you're going to be waiting a long time or you're gonna
32:17
pay through the nose or you have to go to an auction, what have you, you know,
32:19
where it's a little more high profile.
32:21
So, it all depends, but my, I have my druthers, I'd just be buying myself
32:26
an F1 tranny and just do the swap.
32:28
Now here's the interesting part, we're going to jump into the
32:30
599s, because that's where this thing got very, very interesting.
32:35
Because again, with your F1 tranny and your 6, factory 6 speed manual,
32:40
worldwide, they only produce 30.
32:44
Factory gated six speeds and 20 of those came to the United States.
32:48
So that, that tells you, all right, your choices in that are very limited.
32:52
Now I know people were throwing around the number on the five, nine,
32:56
nine factor six speeds at a million dollars, 950, 000, blah, blah, blah.
33:00
You know, so I said before, there's a dealer that's got one.
33:05
He's had it for awhile and they're close to that 900, 000 range.
33:10
Now.
33:11
At this auction, because one was part of a collection that went through, was two
33:17
factory, made, factory gated manual 599s.
33:22
So, um, low miles, very low miles, unique color combination.
33:31
Low, like the one I want to say was 150, 000 under it.
33:35
Another one was like 200, 000 under low estimate.
33:36
Because anyways, this one here that went through, um, RM Sotheby's
33:42
had just under 1, 700 miles.
33:44
Uh, I know the service was done very recently.
33:47
Everything, everything came with this car.
33:50
I mean, everything.
33:51
So, I mean, it's a brilliant example.
33:54
Beautiful.
33:54
Stunning.
33:55
Again, I love the exterior.
33:57
It was, it's just a absolutely stunning, stunning car.
34:01
So anyways, this thing's old cost 786, 000.
34:08
So look at that.
34:10
Someone is kind of throwing around numbers that, Oh, that's a million dollar car.
34:13
It's up there.
34:14
Look at that.
34:15
That was basically 200, 000 under, I think this one was
34:20
150, 000 under the low estimate.
34:21
Thanks.
34:22
They had the highest mint in the million range, in the seven figure
34:25
range, which is very, very ambitious.
34:29
Now, these things are spectacular to drive with the manual.
34:32
Absolutely spectacular.
34:34
And now again, here's the situation.
34:37
You're spending almost three, over three quarters of a million dollars
34:41
on a car that you could go buy with an F1 tranny For 150, 000, 175, 000,
34:54
depending on miles, everything like that.
34:56
Um, just to hold 9 yards.
34:58
That, um, spend 40, 000 and get yourself a manual.
35:05
I mean, why, why wouldn't you?
35:08
Right?
35:09
I mean, if you want to drive it like that, I know a bunch of people.
35:12
Look, Hoovey's got one.
35:14
He said the thing drives phenomenal.
35:15
There's quite a few guys out there that are doing it because it's
35:18
just, it's a great swab to do.
35:20
It really, hey, you get that, you know, that feel to it, everything like that.
35:25
I mean, Yeah, look, by the time they basically went to a different tranny,
35:30
that F1 tranny towards the end of its life was actually pretty decent.
35:33
It was changing gears quick, everything like that.
35:35
They got it down the early stuff, like in the 3, 5, 5 stuff.
35:38
I mean, it was junk.
35:38
I mean, it would take , it would take, you know, many seconds for it to change
35:43
gear, to do all the stuff you to do.
35:44
But anyway, by, by the end of its life cycle or end of its life, uh, it
35:48
was actually a decent transmission.
35:50
But there's nothing like driving a front, front engine, V 12
35:54
ferri to six speed manual.
35:56
So my draw is I had someone to look if you're going to drive it.
35:59
Now again, this kind of goes back to that other thing I was saying
36:02
about, you know, don't go into this about, you know, make thing.
36:04
These are investments.
36:05
What have you?
36:06
Because that's what a lot of people started jumping in thinking,
36:08
okay, that's a five to nine is going to be a million dollar car.
36:11
Could it be in five to 10 years?
36:13
Yeah, probably a factory six speed manual.
36:15
It's going to be probably in the seven figure range, but it's
36:18
going to take five to 10 years to get there market soft right now.
36:21
But look at this one that went through at Gooding.
36:24
They had a low estimate of 650, 000.
36:28
Went through our reserve.
36:30
This thing had, let me see, where's the miles on this one?
36:33
Uh, but where'd you go?
36:35
Come on, tell me the miles.
36:38
Um, I don't know.
36:39
I know the miles weren't all that high on this one.
36:42
Um, but anyways.
36:44
Sold.
36:45
All in fees, everything 610, 000.
36:48
So right there, 40, 000 under the low estimate.
36:51
So, that's a factory gated manual, red, tan interior, it's a whole nine yards.
36:55
Beautiful car.
36:57
Everything's going, oh, here we go.
36:58
Had less than ten and a half thousand miles on it.
37:01
Uh, all the service documents, everything like that.
37:04
Again, so it went through our service, so it was selling.
37:06
So, um, whatever it got, it got.
37:10
And there you go.
37:11
Out the door.
37:13
Someone got themselves a heck of a deal on that.
37:15
See, look at it, you saved there.
37:17
You saved close to 200, 000.
37:21
I mean a little bit less, what, 180, 000?
37:23
By buying a car that's got, what was it, 8, 000 more miles on it?
37:28
Uh, than that blue one?
37:29
Factory 6 speed manual and stuff?
37:31
That was a great deal right there.
37:33
That was a heck of a buy.
37:34
Now, again, it goes back to that poor bastard dealer
37:37
that's got one sitting there.
37:38
He's got some for, I think it's close to 900, 000.
37:41
You know what?
37:42
Hey, let me, let me, uh, where's the auto Tempest.
37:45
Let's, let's look up on auto Tempest now folks.
37:47
I haven't looked this thing up in a long time to see.
37:51
I said he might've pulled it just because of the fact that that went
37:54
through and he's like, Oh crap.
37:56
You know, uh, I can't be selling it for that because
37:59
no one's going to come buy it.
38:01
But let's see here.
38:02
Five, nine, nine.
38:03
If you don't use auto Tempest, use auto temp.
38:05
I go on, bring a trailer.
38:07
Um, I go to bring a trailer every day, multiple times a day.
38:13
And I go on auto Tempest at least once a day, myself, just, Hey, what's out there.
38:17
What's available.
38:18
What's being sold.
38:18
Is anything gotten posted new recently?
38:21
So let's see here.
38:22
We're going to sort this by highest price.
38:27
Let's see.
38:31
Let's see here.
38:32
All right, here we go.
38:33
Yep.
38:33
Look at this.
38:34
We have one on here, 2011 by nine nine factory manual.
38:39
Uh, Oh, I'm sorry.
38:40
That's a GTO.
38:41
They got a little mislabeled wrong.
38:43
So, um,
38:46
here's the, no, that's another GTO as well.
38:48
The GTO going for almost, you know, a million bucks.
38:52
Uh, great car.
38:54
But again, but all right.
38:55
Um, here we go.
38:58
This one, 2007 got just under 6, 000 miles.
39:05
Um, so it almost like a charcoal black interior, but this one's
39:10
a factory six speed 815, 000.
39:16
So it's not too far off.
39:18
Of the one, but this one, he's knocked down the price a smidge,
39:23
uh, from when it first got posted.
39:25
They said, I keep track of all these things and, you know, uh, in regards
39:28
to what's going on to get price alerts, that kind of jazz, blah, blah, blah.
39:32
But, but again, you know, um, some of these are a little ambitious with price,
39:39
you know, cause you got a 2010, You know, just under 11, 000 miles on here,
39:43
white, black interior, Jurassic in 270.
39:46
I think that's a little way too ambitious myself.
39:49
And like this thing's April 3rd, these things have been sitting
39:53
at these deals for a while.
39:54
These guys are just like way, way too ambitious.
39:57
You know, um, you just go down, get something that's a little
40:00
bit older and you know, you can get yourself a good deal.
40:04
Like here's a, yeah.
40:06
2008 at Marshall Goldman, uh, just under 18, 000 miles, 163 grand.
40:12
There you go.
40:13
Negotiate with them.
40:14
You probably get it for 150.
40:16
Like I said, you drop in your 50 grand all in for your tranny
40:19
work, whatever needs to be done.
40:20
You got yourself a manual with 200 grand.
40:22
Look at that.
40:23
So all said and done.
40:24
There you go.
40:25
Wham, bam.
40:25
Thank you, ma'am.
40:26
So anyways, back to our next, uh, I've actually, I've been gabbing for a while.
40:32
But as you can see, with the 599s, that was an interesting one where
40:36
some people, uh, were way, way high in regards to what they thought
40:41
these things were going to go for.
40:42
I honestly thought they were too, but, hey.
40:46
The auction speaks when the number hits, the number hits.
40:49
Now we're going to get into the upper edge line of those are more, I guess
40:52
you say the expensive Ferrari stuff.
40:55
Um, a lot of stuff didn't sell.
40:57
Um, some stuff got moved after the fact, but a lot of stuff that was about
41:03
two or 3 million and up did not sell.
41:07
Um, so it was kind of interesting.
41:10
I don't know if it was ambitious in regards to, Um, you know, owners just
41:16
set too high of a reserve, what have you.
41:18
I don't know.
41:18
But, um, a lot of stuff just didn't.
41:21
Didn't go.
41:22
Um, a lot of the older stuff, like from the 50s and 60s does not sell.
41:26
Now I will say that there were some gorgeous, gorgeous
41:29
275s that went across a lot.
41:31
Uh, there was that 67 alloy, uh, 4 cam, that white one that went across.
41:37
That thing was absolutely stunning.
41:39
That went for all in, I think it was just under 5.
41:42
6.
41:43
Um, that thing was just a spectacular car.
41:47
Where'd it go?
41:48
I had it here a minute ago.
41:50
Um, I don't know what I did with it.
41:52
Um, anyways, you know, but you know, you also had, you know, this,
41:56
uh, This 500 Mondial Spider by Pininfarina, that went for just over 2.
42:02
8, you know, it said.
42:03
So, there was quite a few big numbers that went, but there's also quite
42:08
a few big numbers that didn't sell.
42:10
And that can really kind of throw your, uh, results, uh, askew in regards to, hey,
42:15
your auction results and what have you.
42:17
So, um, but the one that I kind of wanted to focus on, my kind of
42:21
thing, like I said, was that 275.
42:23
There were two on there that didn't sell.
42:26
And where'd they go?
42:28
Cause, um, There was, the alloy, there were two.
42:33
And it was interesting, cause one was a 66, one was a 67, one was a 4 cam, One was
42:39
not, the 66 was not, it was a six carb.
42:42
Um, but that one sold for, you know, just under 3.5.
42:47
But then the nat alloy body by SK went for just a smidge under 5.3 million.
42:54
So, I mean, that, that tells you the big swing in regards to four camera that now,
42:57
'cause when you get into the four cams, there are obviously a lot less built.
43:00
Um, you know, that was in the some 66.
43:04
Have them.
43:05
But all 67s were the four cams.
43:07
So, but that kind of tells you, but the body, the race, he gets your everything.
43:11
That way when he had a lot of Providence to it, but he said that
43:13
thing went for some great money.
43:15
Uh, test to roasters are starting to jump back up and start kind
43:18
of getting that following.
43:19
Now that has a lot to do with, Hey, the people that grew up
43:24
Miami vice area, what have you.
43:27
You know what, they got the money now, they want that Testarossa because
43:29
they want to be sunny in Crockett.
43:31
So that's going on, but now the one big one that went was that, uh,
43:35
the Cal, the Cal Spider that just went over a little over 17 million.
43:40
Now that car had a great provenance, um, fantastic car, everything about it.
43:46
It was a covered headlight one, which you made it even more rare
43:49
out of the whole production run.
43:50
That thing was spectacular.
43:51
There's some great videos online with that car.
43:54
Uh, just some absolutely.
43:56
Absolutely stunning stuff with that.
43:59
Um, then there was the 59 that went for just a smidge over 5.
44:04
6.
44:04
Now the one, one I was kind of surprised by was that F40, minty 40, um, that
44:10
was painted that mint green color.
44:12
Um, that only went for just a hair under 1.
44:15
8.
44:15
Now I know, hey, the color change, everything like that.
44:19
Um, the whole nine yards and my thought, I think it's got some, uh,
44:23
what were the miles on that thing?
44:25
Um, uh, what does it say?
44:29
I can't remember.
44:31
I don't know.
44:32
But anyways, that was kind of a little surprise.
44:33
I thought that might go for one.
44:34
I think the owners thought it would go for more too, just because, oh,
44:36
hey, you know, again, unique color.
44:39
It's not all like, just like all the red ones you see, but you know what?
44:42
It's an F40.
44:44
When you see a red F40, you see a red F, they're gorgeous.
44:46
So I mean, you know, I don't think you really need to change color on
44:49
that thing to say, Hey, look at me.
44:50
But anyways, that was a little bit surprising.
44:52
I thought that was going to go for some more money.
44:54
So someone got themselves a heck of a deal on that.
44:56
Now here's the one thing is, is going back to the original color.
44:59
I think it's pointless now because.
45:02
You'd have to find the specialist that's going to be able to do that because with
45:05
the weave, everything on that, that's going to, that takes that delicate deft
45:10
touch that and to know how those things got painted, uh, out of the factory
45:13
because when they got paint out of the factory, you know, they were very, very
45:17
light coat and that's, and a lot of people complained that got to Carter like, okay.
45:21
They thought it was a shit paint job.
45:24
They sent them back out and got them painted again.
45:26
They put too much paint on it.
45:27
So trying to find one to see the weave, everything like that.
45:30
But the one we're going to end this whole conversation on is the,
45:34
uh, the F 50 that's sold for the world record price of just over 5.
45:40
5 million.
45:41
Now those things are just going up, going up.
45:43
Those in the Enzo's are going up in value.
45:45
But those F50's, they only did the 349 of them.
45:48
You know, there are only 55 original cars got delivered to the U.
45:51
S.
45:51
So that makes it even more rare.
45:52
The thing only had, uh, just under, just a little bit over 8, 500 miles.
45:58
But, you know, naturally aspirated.
46:00
Manual car.
46:02
I mean, just absolutely stunning.
46:05
That right there would be an investment grade car if that's
46:09
what you're going in for.
46:10
Again, you can keep your miles down, whatever, but that would
46:13
be a car to get your hands on if you're looking for something.
46:17
And it ain't cheap, but my guess.
46:21
in 10, 15 years, that should be a 10 million car easily, if not sooner.
46:26
Um, so, but that, that was a great sale by the owner.
46:31
The owner made out fantastic with that.
46:34
And then again, the person that got it, got it.
46:35
Because if you go, I say on the off market side, everything's at five, one,
46:40
five, two, everything's above that.
46:42
So I was in that five, five, you got your fees and everything in that as well.
46:45
So, Off market, everything like that, you know, in that five million range,
46:49
that's about where there's a goal.
46:50
So I think it was a market correct sale, actually.
46:52
And it being a record, you know, record breaking price at auction.
46:56
There you go.
46:57
Now, understandably, you know, it's all that's public numbers that are
47:00
published that can give you, Oh, that's a record price, blah, blah, blah.
47:03
Well, You never know what goes on behind the scenes because a
47:06
lot of people, you sign NDAs.
47:08
Hey, you're not going to kind of disclose what was, you know, your client, what
47:12
they bought it for, what have you.
47:13
It just doesn't happen.
47:14
So, but anyways, I'm going to wrap this up because I've been talking over 45 minutes.
47:19
Um, and I kind of just wanted to get all that off my chest regards to Monterey
47:23
car week, all the stuff that happened.
47:25
It was very, very interesting because what's going on in the market.
47:27
So some stuff sold way under some stuff sold market crack.
47:32
one or two here and there.
47:34
Very few kind of surprise people.
47:36
Um, but it just kind of shows you where everything's at
47:39
right now in the marketplace.
47:41
Um, so if you got the means and the wherewithal, I think, you know, don't
47:46
get your hands on a five 50 by 75, something like that, a three 60, four 30,
47:52
what have you, um, definitely step up.
47:55
I would do it now because you're going to find some great
47:57
pricing on these things now.
47:59
And like I said, You know, you're going to have that argument.
48:01
Some people think it's blasphemy, it's sacrilegious to, uh, change out the
48:05
transmission on a car that had the F1 training to a 6 speed, but you know what,
48:08
it's your car, do what you want with it.
48:10
If you're going to drive it, have at it.
48:12
You know, I just, I don't see like an F40, I'm sorry, uh, F430, uh, 360, anything
48:20
like that that's got the F1 training.
48:21
You know, it's not going to, it's not going to increase in all that
48:25
much value, having that F1 training.
48:26
Okay, now if you have the manual, yes.
48:28
There you go, it's a safe bet, but if you have a car that had the F1 tranny
48:32
originally, and you get a six speed manual put in it, just have fun with it.
48:36
So anyways, I'm gonna wrap this up.
48:38
I appreciate you guys listening.
48:40
I know it's been a long time.
48:41
Now that we're winding down summer, I should, you know, start to be
48:44
able to get more of these out, uh, and get these things going, so.
48:47
I'm going to send this over to my boy, Eric.
48:49
He's going to get everything all cleaned up, make it sound pretty, make me
48:53
sound better, make me all nicey, nice.
48:55
And we'll get this thing out there.
48:57
And like I said, hopefully, you know, I'll get off my ass and then can
49:00
squeeze and start doing more of these.
49:01
So again, thanks for listening guys.
49:04
Check out the other, uh, episodes we got for the Ferrari marketplace, podcast
49:09
network, uh, and check out what other.
49:12
Desirable podcast.
49:13
We got show some love and support guys.
49:15
We also got the YouTube channel out there as well.
49:18
So that's kind of growing cause I got some cool things coming.
49:20
I'm hitting up to Wisconsin here in a couple of weeks.
49:23
For the, uh, Ferrari Club of America's annual get together.
49:28
But I'm also going to hit up something new that I've never been to, but
49:30
looks really cool in Indianapolis.
49:32
I'm on my way up, I'm kind of doing this weird route, but I'm hitting up
49:34
Artimobilia, so that's going to be cool.
49:36
So, a lot of cool things coming on the channel, on the YouTube channel, but
49:39
also, like I said, I'm going to get off my ass and get more of these put out there.
49:42
So, again guys, I really appreciate it.
49:45
Any questions, thoughts, suggestions, whatnot, shoot me an email, it's just
49:48
William at TheFerrariMarketplace.
49:50
com Thanks guys, have a good one.
49:52
Till next time.
49:53
Keep the right side up.
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