Latest / BREAK/FIX the Motorsports & Vehicle Enthusiast Variety Show / Mecum Kissimmee 2026 : White GTO / Yellow Enzo
Transcript
- 0:00John Summers is the motoring historian.
- 0:02He was a company car thrashing technology sales rep that turned into a fairly inept
- 0:07sports bike rider hailing from California.
- 0:10He collects cars and bikes built with plenty of cheap and
- 0:12fast and not much reliable.
- 0:15On his show, he gets together with various co-hosts to talk about new
- 0:18and old cars driving motorbikes, motor racing, and motoring travel.
- 0:35Good day.
- 0:36Good morning, good afternoon.
- 0:38It is John Summers the motoring historian.
- 0:40I am fresh back, fresh off the plane, well last night from, uh, Floridita and,
- 0:48uh, my visit to Meum kiss me 2026 and, uh, the witnessing of the hammering.
- 0:55Of the, uh, Bianco spec as, uh, people like to call it, or as you
- 1:01and I might think of it, that white Ferrari GTO that John Coombs owned.
- 1:06I, I think it should be called the Coons car personally.
- 1:09But yeah, so look, you know, the big news, 38 million, the AI told
- 1:15me, apparently that was a quote, slightly disappointing result.
- 1:19I wondered for who?
- 1:21The backdrop here is the 35 was perceived as the floor based on previous values of
- 1:27cars, and 75 was perceived as you know.
- 1:31Well, that's kind of the top price.
- 1:33It's thought that the weather tech guy paid for that lovely silver
- 1:37one that apparently I learned this weekend won the Toyota De France.
- 1:41So this being an unrestored car, this being a car driven by Salvadori and Hill.
- 1:48This coming in the wake of the ein, how Coop doing 140 or a hundred and whatever,
- 1:57a hundred thirty two, a hundred forty.
- 1:58Way double.
- 2:00What Dave McNeal paid for the silver GTO.
- 2:04The feeling was that, you know, maybe we could see a hundred.
- 2:08And in fact, in conversation with a Mecu employee, it seemed to us that perhaps
- 2:12they were thinking it might get there.
- 2:14So hence this 38 being a little disappointing.
- 2:18It was clear that was nothing was happening when you
- 2:20were in the auction hall.
- 2:21It was like fucking crickets.
- 2:23And, uh, jumping ahead a little bit, but sort of cut into the chase.
- 2:28It might almost seem like the guard's changing.
- 2:31I, I'm gonna include a link to a film called Safety Fast,
- 2:34and it was made in 1965.
- 2:36Um, it was filmed at a circuit that the Coombs GTO race stat probably won.
- 2:42Erase that and it really shows us how long ago, 1963 or 1965 really were.
- 2:49The past is a different country.
- 2:51Ladies and Jens and they really do things differently there.
- 2:55And you are listening to this at some point after January, 2026 that GTO is
- 3:01not getting any younger, it is as old hat as Bill and John and their nice
- 3:08shirts and ties and no speed limit on Britain's motorways, if you can
- 3:12believe it, there's a shot in the movie of, uh, asked Martin DB four doing.
- 3:1620, and this is about road safety.
- 3:19The world was a different place then.
- 3:22The world of people who feel like post-war sports, racing cars are
- 3:28the peak that may be passing.
- 3:31And I say that because.
- 3:34Watching other Ferraris cross the block earlier, record prices were set for
- 3:40turn of the century cars, and later, you know, cars are 20 years old, not
- 3:45cars that are nearly 60 years old.
- 3:51So what Mecu had was not just the white GTO, but also a complete
- 3:59like estate sale of what was called the Backman Family Collection.
- 4:04I guess this year at Mecu they did a ton of different collections, you
- 4:08know, basically old Coots who passed and you know, you've got the whole of
- 4:13their thing to be sold and, and in a sense it forms a wonderful tribute.
- 4:18And on the face of it, you might feel like, well, wouldn't the family want
- 4:20to keep these things that had been so valuable to the people who collected them?
- 4:25But the reality is 40 super low mile Ferraris, this is a massive task to
- 4:33maintain and, and psychologically, I think it will be quite hard
- 4:37seeing those cars degenerate.
- 4:39It would be like watching your parents decompose in front of you
- 4:42for the poor guy that auctioned them.
- 4:44So I completely understand why.
- 4:47You would wanna do an auction like this and, and almost pay tribute to,
- 4:53you know, whenever you, I think of, of Meko now I'll think of Phil Backman
- 4:57and, and his passion for Ferraris.
- 5:03Just a word on Backman himself, right?
- 5:05It's all about low mile cars for him.
- 5:07When people used to say to him, oh, why don't you drive the cars, Phil?
- 5:11He used to be like, you enjoy your Ferrari your way, and I'll enjoy mine my way.
- 5:16And I've gotta say, I was thinking me, I'm a driver, aren't I?
- 5:21And I'd been saying to people before, I'm pleased that there's
- 5:25people like Phil out there.
- 5:26'cause if everyone was like me, we just, everything would've the shit driven out
- 5:29of him be covered in stone chips and curb wheels and all of that kind of thing.
- 5:34And, and where would we be then for preserving for posterity?
- 5:38So I was pleased that there were low mile folk like fill around.
- 5:42But all the time I'm thinking, how can you have these Ferrari's and not drive them?
- 5:45I'll tell you how he was winning karting championships before he
- 5:49ever started buying Ferraris.
- 5:51The Ferrari just came along later.
- 5:53He had a wife who was a lot younger than him and she enjoyed
- 5:56Ferrari and that scene as well.
- 5:58So I totally get what he was doing and, and where he was going.
- 6:03So for me, Phil has a great idea of credibility because he did the racey
- 6:07thing when he was younger and this whole Ferrari thing was something
- 6:10that he did later in life and, and he brought a real focus to that.
- 6:15What was really special about what he did was he built a great
- 6:19relationship with basically the special order team at Ferrari.
- 6:22And traditionally it's a total asshole to get a special order at Ferrari.
- 6:27I mean, one of the things about the white car was that people were
- 6:30like, how did it get to be white?
- 6:32Must have been because old man Ferrari respected John
- 6:34Coombs and, and took his order.
- 6:36It traditionally, it was hard to get special order stuff.
- 6:39Talking with people who know way more about the Ferrari market now.
- 6:42William Ross, David Ions, uh uh, these guys feel like.
- 6:47It really is remarkable that the Bachman's established the kind of
- 6:50relationship that they did with Ferrari.
- 6:52They must have spent a whole shit ton of money to get it done that way.
- 6:56But, but more than that, they became part of the way that Ferrari was doing
- 7:01business and, and thanks to the way that Meum marketed and sold these
- 7:06cars, I think it's very clear that when you see a yellow Ferrari, you're
- 7:09probably gonna think of Phil Bachman.
- 7:11'cause that's what he did.
- 7:11He did everything in in yellow.
- 7:14Pictures of him wearing like yellow shirts and, and that kind of stuff.
- 7:17Now what that did lead to was some really, really weird color combinations.
- 7:23I mean, there is one car particularly that's, uh, yellow with gr lime green.
- 7:29Kind of pinstriping and a lime green accents on the interior
- 7:34yellow Ferrari prancing horses.
- 7:37I mean, it, it kind of hurts the eye just to talk about it.
- 7:40Right?
- 7:40And later in the auction I watched a, a black and silver version of the
- 7:46same Ferrari roll across the block and it hammered for half the price.
- 7:50And I don't care about the miles and provenance if the.
- 7:53That yellow, it was just too much.
- 7:55Now, on some other cars, it worked really well, but for, for that
- 7:59particular model, it was, you know, it was kind of too much there.
- 8:03Just the word on that yellow, I am partial to yellow.
- 8:06I think a butternut yellow on a muscle car works really well.
- 8:09I, I think some Ferraris in, in yellow work really well.
- 8:12Not my favorite.
- 8:14In the form of the road cars, the 5 1 2 i, those in yellow, I don't particularly
- 8:21rate those, but for me it's more about the car and how it's the individual
- 8:25car and how it sits on the road.
- 8:27And, you know, I I, I don't find the kind of garage queen that Phil Buckman loved.
- 8:34I don't find that as, as charismatic as something that's been used
- 8:39and driven and, and enjoyed.
- 8:41So that's why we were there.
- 8:42I'd never been to Mecca in Florida before.
- 8:45My understanding is four and a half thousand cars were sold.
- 8:49So that is 45 Gooding Auctions in over a two week period.
- 8:57Amusingly the guys who, who I went with the other MPN guys, so David
- 9:02Nyan, Mo Copia, William Ross, Ferrari Marketplace, and of course producer Eric.
- 9:08And, and thanks to all three of you by the way, and, and thanks especially to Eric
- 9:12for being the glue and, and the energy to, uh, to, to drive all this forward, right?
- 9:17What I was struck by was, was their perspective, because I've watched Mecom
- 9:22Auctions on tv, but I watched them go through the kind of shock and horror
- 9:27that I went through at Barrett Jackson in 2006 where the whole, and the noise
- 9:34and the whole thing, it's, it's just too much like a Midwestern cattle auction.
- 9:39Because of course, that's kind of what it is.
- 9:41And this leads us to this other quite interesting conundrum of are
- 9:47prancing black horses best sold at a Midwestern cattle auction?
- 9:52I mean, the answer's in the pricing, isn't it?
- 9:54Because if they are better sold at Meum, where do the, what my wife calls the past,
- 10:00the butter auctions, you know the ones where there's like an English auctioneer
- 10:04who banters with the audience and there's nothing as vulgar as a MA creep.
- 10:09Keep, uh, some kind of atmosphere in the hall and some kind of intensity
- 10:14and theater a about the process.
- 10:16The theater's much more subtle if you go to a, a gooding or, or a bons,
- 10:21but the theaters there nonetheless.
- 10:23Part of it is about talented auctioneers.
- 10:25I don't wanna imply that the Midwestern cattle auctioneers are not talented, but.
- 10:30Nobody sells more muscle than Meum.
- 10:32Nobody.
- 10:33That was the tagline.
- 10:34And my word, the reason why I've always watched Meum Auctions is because it
- 10:40is university for blue chip muscle.
- 10:45You're gonna hear the same things over and over again, but that's okay because
- 10:49then you really realize what's important.
- 10:52You understand what's a cliche and what isn't.
- 10:55It actually in enhances your perspective a lot and given the intensity of the
- 11:00environment, I've even more respect for, for me, comes in house broadcasting
- 11:04team who, who were able to do that day after day for 6, 7, 8 hours because the
- 11:10Buckman collection took three hours to cross the block and, and we commentated.
- 11:14During it.
- 11:15And my word, it was an exhausting experience by the end of it.
- 11:19'cause you are listening to what's going on, you're thinking about
- 11:22what you are gonna say, and you're listening to what the others on the
- 11:25commentary team are, are are saying.
- 11:27So I'll include a link to that, uh, Ferrari chat pod.
- 11:32Yeah, I mean, I enjoyed the commentating experience.
- 11:35I, I feel like yeah, I enjoyed being Murray Walker.
- 11:37I love Murray Walker and I enjoyed being the, uh, the commentator.
- 11:41So yeah, so Mecom supersize me, my.
- 11:44God, the sheer scope of it, it's awesome.
- 11:49It's really awesome.
- 11:50I like the PT Barnum.
- 11:52I enjoy Gooding, but I like the PT Barnum,
- 11:57the quality and caliber of muscle that they've got this time.
- 12:01I mean, we watched four or five Yanko Camaros in different colors go through.
- 12:09We watched four or five.
- 12:11Mac one and Boss 3 0 2 Mustangs go through.
- 12:15We watched different colors.
- 12:17You could have had your pick on 3 46 pack ta, challengers and codas after a bit.
- 12:25It's a bit numbing because the final Saturday of, of the, the meek moring,
- 12:29you're not just watching car's hammer for a hundred grand all day long.
- 12:34They're doing, we, we watched, uh.
- 12:36Custom Buick Riviera hammer for 363 grand, and I didn't look closely
- 12:44at it, but if you could use it like a modern car, so much more stylish
- 12:48than some ridiculous hypercar.
- 12:50You know, what would I take to the country club when I win the lottery?
- 12:53You know that Riviera.
- 12:55That might well have been, uh, have been my thing.
- 13:01So before I talk about the back one cars a little more, gonna
- 13:05just highlight my three favorite vehicles of, of, of the event, one.
- 13:10Miss America eight.
- 13:13This is the Garwood hot rod boat that showed England what for?
- 13:20When England was winning on the land, Garwood single-handedly
- 13:24was winning on the water.
- 13:26Indianapolis.
- 13:27One year he met Harry Miller and he had Harry Miller build these custom
- 13:32V 16 motors for Miss America, right?
- 13:36So there's two of them in it with these big Zoomy headers
- 13:40on this awesome wooden hull.
- 13:43Guys, if you don't know about those kind of boats, the whole deal with
- 13:47those kind of boats in that period was they didn't really understand about the
- 13:51boat coming up on the plane properly.
- 13:54They were.
- 13:55Goddamn dangerous and really fast.
- 13:58And when you look at them now, it's like Packard Dusenberg
- 14:02craftsmanship mixed with a dragster.
- 14:05You know, that's really the, the only way to think about them.
- 14:09Bloody awesome.
- 14:10Love it.
- 14:11Was also, um, that Ferrari four 10 that was, uh, driven by Carol Shelby in period.
- 14:20It was a pebble a few years ago.
- 14:22RM had it.
- 14:23Um, and now, you know, meam, uh, uh, are flipping it on again, I, I don't
- 14:27understand how you can own a great car like that and of part with it, you know?
- 14:31So yeah, that's what I would've left with.
- 14:33Um, and I guess the other car, well worth mentioning that was lurking.
- 14:36There was the.
- 14:37Steve McQueen, you know, used in the movie Lamar Porsche 9 1 7, which
- 14:43apparently, you know, I think it's the, the, you may remember the car because
- 14:47it was owned by Jerry Seinfeld and he famously received an offer of 20 million
- 14:52or 25 million and turned it down.
- 14:54And we were talking, you know, over the weekend, the four of us who were
- 14:59attending and, and we all agreed that that's really a weird kind of
- 15:02a situation, that there's clearly.
- 15:05Some elements of the puzzle there that are missing for this story to come out.
- 15:11There's a slip, Twix cup and lip right, for it to be public that an offer
- 15:15was made at that level and rejected.
- 15:17It makes you wonder what the auction house or what's, uh, Jerry Seinfeld thought
- 15:23he might be able to get for that car.
- 15:25I mean, it's, it's, uh, the whole thing of an offer of that size and
- 15:28it just being rejected outright and then not being any kind of a deal.
- 15:33Uh, the market was able to see externally.
- 15:38So we watched a lot of master cars cross the block, Corvette Chaves, the
- 15:44Yanko cabs that I was talking about.
- 15:46And what I found myself thinking on the plane on the way home was.
- 15:52I wonder if what we're seeing here is sort of stratification
- 15:56of, of muscle car prices.
- 15:58Um, the same happening with muscle car prices has happened with, you know,
- 16:02portion Ferrari prices over the last couple of decades in, in terms of,
- 16:06of the very best stuff increasing in value, the mediocre stuff, because
- 16:12there's so much volume there, not.
- 16:15You know that showing the kind of depreciation that you might expect
- 16:21with, you know, just 'cause of the generational shift right there.
- 16:26All the people who collected the cars from the twenties
- 16:28and thirties are already gone.
- 16:30All the people from the fifties and sixties, they're in the
- 16:32process of aging out, aren't they?
- 16:35So when, uh, I, I recently, my wife has a colleague who's been looking
- 16:39at 67 and 68 Camaro convertibles.
- 16:43And I happened to look at the Haggerty pricing for these cars and, and you
- 16:48know it, that it's down double digit percentages over the last year.
- 16:53So you know, clearly just because at Meum Chevelle, LS six convertibles
- 17:02were making great money, that doesn't necessarily mean that.
- 17:08Uh, three 50.
- 17:09Three 50 nicely owned.
- 17:12You know, one family kept, you know, one repaint in 1983, kind of a Chevelle.
- 17:19Doesn't mean that that is holding up in value.
- 17:21I have a feeling that that's what's, what's really, uh, fallen in value.
- 17:26So, yeah, so that was, that was interesting that Meum didn't reflect
- 17:30what I'd seen outside of the market and what the Haggerty stats might suggest.
- 17:39So I said a lot of the stuff that I was wanting to say about Phil Backman
- 17:43and, and the nature of his and his wife Martha's collection and collecting.
- 17:48I said a lot about what I wanted to say at the top of the show there, but,
- 17:51but I guess one of the other, one thing I should add is that he had a special
- 17:56relationship with, I can't remember the name of the company, but they're people
- 18:00who make custom luggage for Ferraris.
- 18:02Now, you know, I guess.
- 18:04Crow is meant to be grand tourists, right?
- 18:06It's meant to be the kind of car where you can like pack a bag, leap in the car,
- 18:10you know, leave England, be in the south of France, buy dinnertime kind of thing.
- 18:15You know, you and a significant other.
- 18:17But the reality of that quite often is, is your suitcase won't fit properly
- 18:21in, in the car now, and therefore it's been a thing in the the world of.
- 18:27Of Ferrari at least, that there'd be custom luggage.
- 18:30And it's something that's happened really from the very early days
- 18:34because of Bachman's personal relationship with this company who
- 18:37makes custom luggage for Ferrari.
- 18:39All of these cars came with custom luggage sets.
- 18:42Now is this the kind of thing that I give a shit about?
- 18:47No.
- 18:48Is this the kind of thing that if you are participating in the Ferrari community
- 18:54in the way that they were judging, going to shows, being invited to Marine to do
- 19:02parades in the factory, when a, you know, with other cars, when if you are gonna be
- 19:07that kind of super exclusive clientele, it's a great way to differentiate your
- 19:12Ferrari is the customer luggage right?
- 19:14Um, luggage, which is made particularly for, for that car.
- 19:18And maybe that's part of what's going on with, with some of the
- 19:21color combinations, which pretty challenging, pretty challenging.
- 19:25I did, uh, I did find myself saying, uh, her, to, to people at one point that,
- 19:30you know, Florida was definitely the right place to get rid of these cars.
- 19:33You know, I don't think, uh, there's, I mean, there's one car particularly, uh, 6
- 19:371 2 Galletti, which, you know, these are not the most, it's not the handsomest.
- 19:43Ferrari and uh, that that car had a pretty, I mean, I'll
- 19:49include a picture, right?
- 19:50Pretty challenging two-one of that car, I mean, people would say, well, you
- 19:54could just wrap it if you didn't like it.
- 19:55But because it's a special order color, it commands a premium.
- 19:59So one of the things that, you know, when does a special order
- 20:02color make the car worth more?
- 20:04And when is a special order color?
- 20:05So Marmite love it or hate it, that it actually hurts the car's value.
- 20:10Well.
- 20:11Watching these cars cross the block here didn't seem to hurt their value at all.
- 20:15It seemed like the exclusivity was all that people were, were were looking for
- 20:22$15 million for a Ferrari enza rare color there.
- 20:28Backman, yellow, low miles, good provenance, customized, uh,
- 20:33Enzo, customized by the factory.
- 20:37Lot of things that would make this car at the very tip of the top, and if you were
- 20:42gonna show with it now, likely to win against any other Enzo, but $15 million.
- 20:50I mean, I don't know what the previous record was for an Enzo.
- 20:53I would be stunned if that wasn't a record.
- 20:56I'd be very surprised if that wasn't double digits over.
- 21:01A price that anybody had paid for an Enzo before.
- 21:05There was clearly a bit of territorial pissing going on in, in there was,
- 21:09there seemed to be a phone bidder and somebody in the room and there was a lot
- 21:13of atmosphere in, in the room as well.
- 21:15So, so, you know, and if you're billionaire, not a millionaire.
- 21:19Spending 10 million more than you really had in mind to spend.
- 21:24Maybe that's something that you, you know, you could be goaded into
- 21:28quite easily if you'd had a beer.
- 21:29Too many I, I don't know.
- 21:31But it was very noticeable that afterwards, uh, FXX came up, which my
- 21:37understanding is this is like a track EVO of the Enzo and that only made 6 million.
- 21:44I'm gonna say that again.
- 21:45Only made 6 million.
- 21:50Oh, so he's buying these things.
- 21:52David Ian's motor Copia guy.
- 21:54He, he thinks money's being laundered.
- 21:58He thinks it's money from other countries around the world, perhaps.
- 22:05Bachman's earliest car is a 1 6 6 that has a vile body on it, and I'm a vile lover.
- 22:12It's not Ali's best effort.
- 22:15Certainly the, I think it's touring that did most of the one six sixes
- 22:20and, and certainly most one six sixes have arguably more elegant
- 22:24body on them than, uh, this one.
- 22:27It's also a racing car that didn't really have any patina on it.
- 22:30So, um, for me, not the most attractive fifties sports racing Ferrari,
- 22:38but I did expect it to make more than more, make more than it did.
- 22:42And I did find myself wandering if.
- 22:45This was really the right environment for that car.
- 22:48That car seemed perhaps to be more at home at Pebble Beach than at Mecom, where, you
- 22:55know, just the whole way, if, if you just do that car in terms of its statistics,
- 22:59you know, its horsepower and all of that, that does that car grave disservice.
- 23:04The way to talk about that car is that Mm, designation and, and think
- 23:09about what the mil Emilio was like in the early fifties and what Italy
- 23:13was like in the early fifties.
- 23:15At that point, you begin to gain some appreciation for, for what that car is.
- 23:20But yes, perhaps that was a hint of what was to come with the Bianca
- 23:24spec that we talked in the run up to the auction about how the.
- 23:31Bachman cars would either create a flywheel or a dampener for the Bianca Spa.
- 23:37And, and certainly when that Enzo did 15, uh, I felt like there was a lot of money
- 23:43that was ready to be spent and we'd seen a special Vice act, which apparently is like
- 23:48lightning, um, version of a Porsche 9 1 8.
- 23:52Go for five and a half million the previous day, which seemed to be about at
- 23:56least a million, probably two and a half million dollars over what they, those cars
- 24:01had had gone for might normally be worth.
- 24:03Now apparently it's a paint to sample color, but you know, if,
- 24:07again, if it's hideous, like is paint to sample really a a, a bonus?
- 24:12It didn't, I mean, I didn't like a 9 1 8 in, in orange, but
- 24:16Hell's Bells, somebody did 'cause they paid out of the ass for it.
- 24:19Again, this is my thought that I shared at the head of the, the, the show here that
- 24:25perhaps there's a generational shift here.
- 24:27That the stuff that, um, was made after the turn of the century is,
- 24:32has really shown well, the hypercar and, and the pre-war, the, the
- 24:36racing cars of the last century.
- 24:38Certainly of the first sort of, you know, 25, 30 years after.
- 24:44The Second World War, those cars used to be the most valuable staff, and
- 24:48now perhaps not, perhaps we've seen, uh, you know, I've seen the torch pass
- 24:54from the Olympian cars, the Deusenberg, the as fini, the his Spano Swes.
- 25:00I've seen the, the torch pass from those kind of cars to the Ferraris and, and
- 25:05sports racing cars of the post-war period.
- 25:08And perhaps this.
- 25:09Kissy weekend is, is a sign that we're now moving towards a market
- 25:13which is driven by hypercar.
- 25:15And my, my thoughts strolling back to this awesome wagoner that Eric rented, um,
- 25:20which I love far more than I I wanted to.
- 25:22But my thought walking back to the old Wagoner there was, wow.
- 25:27I can see the day when a McLaren F1 is gonna sell for more than a Ferrari GTO.
- 25:34I can see that day coming.
- 25:36Thank you.
- 25:37Drive through.
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