# McKeel Hagerty Talks Classic Cars; Plus, a Drive in a Ferrari F355

An episode of [Bloomberg Hot Pursuit!](https://invisiblenetwork.ai/podcast/1710787142), 13 Dec 2024, 58 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/4778f66f-5d19-456a-9820-b08f00dfd567/57159d05-9164-4667-9b4c-b24501148db1/audio.mp3?utm_source=Podcast&in_playlist=42336c1a-f7c2-4898-885b-b08f00e0bb66

McKeel Hagerty, the Chief Executive Officer and Chairman of the Board of Hagerty, joins Hannah and Matt to talk about the best cars to buy for 2025 and the state of the classic car market. Plus, the Dodge Charger EV and Matt's drive in a Ferrari F355. See omnystudio.com/listener for privacy information.

## Transcript

[0:02] Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
[0:09] Speaker 2: I'm Matt Miller and.
[0:10] Speaker 1: I'm Hannah Elliott, and this is Hot Pursuit.
[0:20] Speaker 2: And we're in the same studio. Is really great.
[0:24] Speaker 1: It's so easy and fun.
[0:26] Speaker 2: I'm very excited to see you. I'm so glad you're here.
[0:31] Speaker 2: I'm super pumped. There's an event at the Classic Car
[0:34] Speaker 2: Club TWR, which is kind of like the AMG of
[0:38] Speaker 2: Jaguar from back in the day. Not current Jaguar, but
[0:41] Speaker 2: old Jaguar is putting out a car that your husband, Magnus,
[0:46] Speaker 2: also advised them on. So it's like an event that
[0:49] Speaker 2: I've been looking forward to all week long.
[0:51] Speaker 1: It's going to be fun.
[0:53] Speaker 2: Magnets put out a really cool, like night driving video,
[0:56] Speaker 2: and I watched it a few times and then I
[0:58] Speaker 2: just started leaving it on the background because it's a
[1:01] Speaker 2: supercharged V twelve engine and it's just a sound I
[1:04] Speaker 2: want to hear in my life, you know.
[1:06] Speaker 1: Yeah, I can relate to it.
[1:08] Speaker 2: So I'm excited about that. And there's also a ton
[1:13] Speaker 2: to talk about because you've had an incredible week.
[1:16] Speaker 1: Yeah, I just got well, I'm technically on vacation this week,
[1:19] Speaker 1: but I did just go to Phoenix to drive this
[1:22] Speaker 1: new Dodge Charger EV, which, judging from my social media,
[1:26] Speaker 1: everybody hates. But I'm here to tell you it's not
[1:29] Speaker 1: that bad. And I did drag racing for the first
[1:33] Speaker 1: time in my life on a real drag strip.
[1:35] Speaker 2: Oh I saw the video. It's like all, oh yeah, prepared.
[1:38] Speaker 1: And oh yeah, it's like the real thing with the
[1:40] Speaker 1: Christmas tree lights that you know, go from like state
[1:43] Speaker 1: pre stage is stage to go. It was really fun.
[1:46] Speaker 1: I might have a new hobby.
[1:48] Speaker 2: But wait, it's not that bad. Isn't exactly a ringing endorsement?
[1:51] Speaker 2: So first tell us about this car, because is it
[1:54] Speaker 2: It's called a charger right, but it has two doors
[1:57] Speaker 2: like the Challenger.
[1:58] Speaker 1: And yes, this is the Dodge Charger Daytona and it
[2:05] Speaker 1: is a pure electric vehicle. This is the two door version.
[2:08] Speaker 1: They will also be releasing a four door version and
[2:12] Speaker 1: an internal combustion version over the next few years. So
[2:17] Speaker 1: this is the first of a completely new lineup there
[2:21] Speaker 1: releasing it in two variants. There's the Daytona RT and
[2:26] Speaker 1: then the higher level, the more powerful version, which I
[2:30] Speaker 1: really recommend you get if you're going to get one,
[2:32] Speaker 1: which is the SCAT Pack. The scat pack is almost
[2:34] Speaker 1: seven hundred horsepower and a lot more torque and just
[2:37] Speaker 1: a lot rowdier to drive. I did drive both both
[2:41] Speaker 1: on the track and we had a road course and
[2:43] Speaker 1: then we did some sort of dragstrip things, not really racing,
[2:46] Speaker 1: but just for time.
[2:48] Speaker 2: So, oh wait, what was your time?
[2:50] Speaker 1: Well in the elevens. That's eleven. I will tell you
[2:55] Speaker 1: one thing, and I have the receipts. I'll have to
[2:57] Speaker 1: show them to you. But it's so counterintoitive to have
[3:01] Speaker 1: both your feet pushed hard down as far as you
[3:04] Speaker 1: can and then lift off the brake. And there was
[3:07] Speaker 1: at one point I lift it off the gas and
[3:10] Speaker 1: I was like, nothing's happening. I was like, oh, I
[3:13] Speaker 1: looked at the wrong foot. But so have you ever
[3:15] Speaker 1: done that?
[3:16] Speaker 2: I've never drag raced. I would love to. I have
[3:18] Speaker 2: to say, just watching your video made me feel nervous
[3:22] Speaker 2: because I feel like I would screw up.
[3:23] Speaker 1: And it's not as easy as it was.
[3:26] Speaker 2: It would hurt my ego. It doesn't seem like it's easy.
[3:29] Speaker 1: I mean it's well, they kind of just throw you in.
[3:32] Speaker 1: There wasn't a lot of prep and so you kind
[3:35] Speaker 1: of just have to learn as you go. And I
[3:36] Speaker 1: did three passes, and I think, you know, my best
[3:39] Speaker 1: time was like eleven seven or something. But I know
[3:42] Speaker 1: if I had three more passes, I could get it,
[3:44] Speaker 1: I bet. And if I got the guy out of
[3:46] Speaker 1: the passenger seat, who probably weighed over two hundred pounds,
[3:49] Speaker 1: if I got him out, I got a lighter car,
[3:51] Speaker 1: I could probably hit eleven five. But it is counterintuitive,
[3:55] Speaker 1: and you really do have to creep the car forward,
[3:58] Speaker 1: and by the time the green light you're already feeling
[4:01] Speaker 1: like you're trying to catch up. So it's kind of
[4:03] Speaker 1: like you have to get the hang of it for sure.
[4:05] Speaker 2: What was the fastest time achieved, like by a factory driver, Oh.
[4:10] Speaker 1: By a factory driver. I don't know that day. It
[4:12] Speaker 1: was a media day. I heard someone got an eleven four,
[4:16] Speaker 1: but I did not personally witness it, so I don't know.
[4:20] Speaker 2: All right, So there's so much hate for this car
[4:23] Speaker 2: because it's an Eva's sacrilegio. You've driven I imagine a
[4:28] Speaker 2: normal challenger or charger, so you know that they're like
[4:31] Speaker 2: big American V eight And but did this not have
[4:36] Speaker 2: a similar feeling? Did it feel like a muscle car?
[4:39] Speaker 1: The scat pack, the scat pack actually felt tactile. And
[4:47] Speaker 1: I'm not going to say that it felt like an
[4:49] Speaker 1: internal combustion car. It just it doesn't. But it still
[4:54] Speaker 1: feels tactile. There is a noise and a vibration that
[4:57] Speaker 1: it does ignite your senses. It's not the.
[5:01] Speaker 2: Noise comes from the frasonic chamber.
[5:04] Speaker 1: Yeah, now the noise, it does sound a little like
[5:06] Speaker 1: a movie recording. But from a distance maybe it would
[5:09] Speaker 1: sound real. Quote, but what.
[5:10] Speaker 2: About from the driver's seat. Is it a pleasing noise?
[5:13] Speaker 2: Did it make you want to push the on.
[5:15] Speaker 1: The on the drag strip? It was cool on the highway,
[5:19] Speaker 1: you know. Driving on the highway out to the National
[5:21] Speaker 1: Park where we drove, it was annoying and I wanted
[5:23] Speaker 1: to turn it off. And you can turn it off.
[5:25] Speaker 2: You can turn it off.
[5:26] Speaker 1: I made sure to ask, so, you know. I think
[5:29] Speaker 1: the question is not whether all the core Charger and
[5:34] Speaker 1: Challenger people will buy this car. I don't think they will.
[5:38] Speaker 1: But I did hear some interesting ideas that this car
[5:42] Speaker 1: could appeal to a Tesla buyer who is sort of
[5:45] Speaker 1: fed up with Elon's antics and whatever and are looking
[5:48] Speaker 1: for another two door or for obviously, Tesla doesn't make
[5:52] Speaker 1: two doors, but looking for a sporty two door electric vehicle.
[5:55] Speaker 1: There's nothing that's sporty with two doors, right, that's electric Now. Obviously,
[6:00] Speaker 1: Portia has seven eighteen coming, but it's not for sale yet,
[6:05] Speaker 1: so if you you could kind of say there is
[6:08] Speaker 1: a space in the market for a two door muscle car.
[6:11] Speaker 2: Also, the Tesla is so spartan, you know. I never
[6:16] Speaker 2: appreciated the interior, and one of the things I love
[6:18] Speaker 2: about my Challenger is the interior. It's big, yes, it's roomy,
[6:22] Speaker 2: but it's laid out very well. Yes for as a
[6:26] Speaker 2: driver's car.
[6:26] Speaker 1: I really like the interior. In the charger, the rear
[6:29] Speaker 1: seat is really spacious and roomy. It has a really
[6:32] Speaker 1: nice feeling where you feel intimate inside it but not
[6:35] Speaker 1: cramped at all. The dash is great, it's they It
[6:40] Speaker 1: feels like you're in a mo par car. It doesn't
[6:44] Speaker 1: feel retro necessarily, but they did a good job with
[6:46] Speaker 1: I'm a big fan of the interior. They still have
[6:49] Speaker 1: sort of the pistol grip shifter in it, yeah, which
[6:52] Speaker 1: is cool. Honestly, it's not bad, and I it looks
[6:57] Speaker 1: cooler in real life than in photos. I don't think
[6:59] Speaker 1: it photo graphs well, but in real life, I love
[7:02] Speaker 1: the white ones. I thought they were very cool.
[7:05] Speaker 2: So not all bad, all right. I still need to
[7:08] Speaker 2: get more info on the frat Sonic Chamber because I
[7:11] Speaker 2: actually like a lot of fake sounds. Yeah, I know
[7:14] Speaker 2: you do, but I feel like it's it's it's more
[7:17] Speaker 2: okay for me to like fake sounds if they're sort
[7:20] Speaker 2: of created naturally in some device rather than synthesized and
[7:25] Speaker 2: push through speakers.
[7:26] Speaker 1: This was synthesized. I mean it sounds sort of like
[7:28] Speaker 1: you're in a movie theater where the sound, you know,
[7:30] Speaker 1: comes up around Yeah, exactly, exactly exactly, you know, there
[7:35] Speaker 1: is an element of that. But honestly, we were at
[7:39] Speaker 1: Radwood Raceway. It's the old Bob Bon Durant track, I
[7:43] Speaker 1: think it's called Radwood Wood now and Phoenix, and from
[7:46] Speaker 1: a distance across the track, you know, we were doing
[7:49] Speaker 1: hot laps. It sounded almost real. So not all bad.
[7:54] Speaker 2: I'm glad you brought up Radwood because we are going
[7:58] Speaker 2: to talk to mkhil Hagger today and Radwood isn't that
[8:02] Speaker 2: a term sort of generally used for nineties and early
[8:05] Speaker 2: two thousands cars that is.
[8:07] Speaker 1: A quirky car show that Haggardy.
[8:09] Speaker 2: Okay, yes, Well, the thing is I looked at his list,
[8:12] Speaker 2: and we'll talk about this with him as well. But half,
[8:17] Speaker 2: literally half of the cars on his list, and this
[8:20] Speaker 2: is the you know, every year now Hagerty comes out
[8:22] Speaker 2: with the Bowl Market list, which is the cars that
[8:23] Speaker 2: they think are good to buy now and will appreciate.
[8:27] Speaker 2: More than half of the list is from the nineties
[8:30] Speaker 2: or the two thousands. In fact, half is from this century,
[8:35] Speaker 2: which I thought was really weird. The average age of
[8:38] Speaker 2: the cars on his list is two thousand and one,
[8:41] Speaker 2: and previously it had been like eighty seven or eighty nine.
[8:45] Speaker 2: In the last couple of years.
[8:46] Speaker 1: This is but I do remember every year the age
[8:50] Speaker 1: has come inched closer to us. So like this is
[8:53] Speaker 1: a continuation of that trend. And it has to be
[8:56] Speaker 1: the thirty year cycle where whatever you grow up idolizing,
[9:02] Speaker 1: by the time you can finally afford it, thirty years
[9:05] Speaker 1: have passed ish, right, So doesn't it stand to reason
[9:08] Speaker 1: that it's now twenty twenty five that twenty five years ago,
[9:13] Speaker 1: you know, around the year two thousand, the people who
[9:16] Speaker 1: whatever you're idolizing then like late nineties Michael Jordan era
[9:20] Speaker 1: into two thousand is now what we want, and I
[9:22] Speaker 1: have to imagine it's just more more of that.
[9:26] Speaker 2: Yeah, it totally makes sense when you put it that way.
[9:29] Speaker 2: It's just that, no matter what year it is, the
[9:32] Speaker 2: golden age of cars is always going to have been
[9:36] Speaker 2: the fifties and sixties.
[9:37] Speaker 1: You think, yes, I mean, I don't you know what
[9:40] Speaker 1: I really think, like those cars from the fifties and
[9:43] Speaker 1: sixties are becoming like how we think of pre war cars,
[9:47] Speaker 1: like completely.
[9:48] Speaker 2: Maybe you're right. I mean I always think, for example,
[9:51] Speaker 2: classic rock, right, You're never going to get music that's
[9:55] Speaker 2: better than it was in the sixties and seventies. But
[9:59] Speaker 2: maybe that's because I'm fifty years old. Yes, maybe kids
[10:01] Speaker 2: today are like, man, the nineties is where it's at,
[10:03] Speaker 2: Like Third Eye Blind is the best?
[10:05] Speaker 1: Nineties is classic?
[10:06] Speaker 2: Now well, all right, let's get into our interview with
[10:09] Speaker 2: Mikhil Haggerty. He's the CEO of Haggarty Insurance, which also
[10:13] Speaker 2: now obviously does media events and auctions. I have been
[10:19] Speaker 2: so excited to have you on for so long because
[10:21] Speaker 2: I've been watching you know, your company grow, I've been
[10:25] Speaker 2: reading Hanah Hannah's written a few stories about it, and
[10:29] Speaker 2: I just think it's so fascinating that you have gone
[10:32] Speaker 2: from an insurance company to this media and events and
[10:38] Speaker 2: auctions conglomerate, and just explain to our listeners about your
[10:42] Speaker 2: business if you can.
[10:44] Speaker 3: Yeah, well, it all starts with this kind of core
[10:47] Speaker 3: love of the automobile, and we you know, we have
[10:51] Speaker 3: this kind of human connection with cars and objects and
[10:54] Speaker 3: things in our lives. And it was a family business
[10:57] Speaker 3: that started in the basement of the house I grew
[11:01] Speaker 3: up in, and my mom and dad just said, you know, look,
[11:03] Speaker 3: if people really care about things and really care about cars,
[11:06] Speaker 3: then from a pure insurance standpoint, which was the business
[11:09] Speaker 3: they were in, then that means there's there's better risk.
[11:12] Speaker 3: But you know, insurance is kind of a boring topic
[11:15] Speaker 3: and mostly because it's I was talking about negative things
[11:18] Speaker 3: that happen. And what we love about the car world
[11:20] Speaker 3: is it's it's about the fun. It's about the passion,
[11:22] Speaker 3: it's about competition, it's about style and design and all
[11:26] Speaker 3: those things, and we get to play with the fun
[11:28] Speaker 3: parts of it. And the core business was insurance, and
[11:31] Speaker 3: it grew and grew and grew, and we were, you know,
[11:33] Speaker 3: really getting traction in the US and around the world
[11:36] Speaker 3: and I realized that, you know, if we really wanted
[11:38] Speaker 3: to spin the flywheel faster to use the you know,
[11:43] Speaker 3: pun fully intended was that we needed to we needed
[11:47] Speaker 3: to be a little bit more in the entertainment side
[11:48] Speaker 3: of the business. We needed to be more in the
[11:50] Speaker 3: buy sell side of the business. We needed to be
[11:52] Speaker 3: in the event space around the business. And so it
[11:56] Speaker 3: all kind of works together. It's like this ecosystem and
[12:00] Speaker 3: it's fun. So we ensure you know, millions of cars,
[12:02] Speaker 3: but we also, you know, we we have events. We
[12:05] Speaker 3: have this auction business that we acquired after we went
[12:08] Speaker 3: public a couple of years ago, and which is really
[12:11] Speaker 3: cool and we think it will be an important part
[12:13] Speaker 3: of what we do over time. And you know, we're
[12:15] Speaker 3: just having a blast because we get we get to
[12:17] Speaker 3: play with cars and honor other people's cars and cool
[12:20] Speaker 3: cars and people in the car world.
[12:22] Speaker 1: Mkil I'm so curious you mentioned going public. That was
[12:25] Speaker 1: twenty twenty one. How has your life changed since then?
[12:28] Speaker 1: I mean that was a radical I mean the going
[12:31] Speaker 1: public was probably the end or maybe the beginning of
[12:34] Speaker 1: this transformation. But you guys have really gone through such
[12:37] Speaker 1: a transformation.
[12:38] Speaker 3: Well, I had hair three years ago that was I
[12:41] Speaker 3: missed my hair now it was you know, ultimately, you know,
[12:46] Speaker 3: there's just this presumption I think when businesses are really
[12:48] Speaker 3: growing that everybody just assumes you're going to sell it.
[12:51] Speaker 3: And I think, you know, what, are you going to
[12:52] Speaker 3: sell it? You're going to build this thing and flip it.
[12:54] Speaker 3: And my view was, I believe so much in the
[12:57] Speaker 3: mission of what we're doing about, and we have this
[12:59] Speaker 3: kind of mission we write, write down and talk about,
[13:02] Speaker 3: which is to save driving for future generations. And I
[13:05] Speaker 3: knew that I could never do that if I if
[13:07] Speaker 3: the company was sold, and of course, you know, we're
[13:10] Speaker 3: the type of business that lots of companies would love
[13:12] Speaker 3: to acquire. And I just said, look, I think the
[13:14] Speaker 3: best way to set it up for the long haul
[13:16] Speaker 3: is we go public. Because it's a you know, it's
[13:19] Speaker 3: got a lot of paperwork going public, I can tell
[13:21] Speaker 3: you that much, but it kind of sets itself up
[13:23] Speaker 3: to perpetuate itself long haul, and you know, would give
[13:26] Speaker 3: us capital to do kind of other cool things, and
[13:29] Speaker 3: it would put the disciplines in place that you kind
[13:32] Speaker 3: of need when you're running a bigger business. So yeah,
[13:35] Speaker 3: the going public part was it was pretty cool, you know,
[13:37] Speaker 3: like ringing the bell in the New York Stock Exchange.
[13:40] Speaker 3: And there's all this, like I said, lots of paperwork
[13:43] Speaker 3: and lots of you know, corporty stuff. But I focus
[13:45] Speaker 3: on as much of the external peace and the and
[13:48] Speaker 3: you know, our brand and our events and interfacing with
[13:52] Speaker 3: customers and partners as I can.
[13:53] Speaker 4: And it's fun. It's a really cool business.
[13:56] Speaker 2: What have you found is the most successful because you
[14:00] Speaker 2: know some of the stuff you do. I consume so
[14:03] Speaker 2: much media. I'm watching this stuff that you're producing, listening
[14:06] Speaker 2: to the podcast that you are making. But it can't
[14:09] Speaker 2: be very profitable, right. That's why you see roadent track
[14:12] Speaker 2: and motorcyclists, you know, disintegrating into nothing. So on the
[14:15] Speaker 2: other hand, you have the auctions business at Hannah follow
[14:17] Speaker 2: so closely. You made a big acquisition there with broad Arrow.
[14:20] Speaker 2: The events are iconic with Vildesta, you know, coming up,
[14:25] Speaker 2: what have been the successes and what have been the
[14:27] Speaker 2: parts where you see, oh this is not working out. Yeah.
[14:30] Speaker 3: You know, when when I started growing up in this business,
[14:32] Speaker 3: like I loved automotive media. I loved the magazines and
[14:35] Speaker 3: I loved you know, some of the early television shows
[14:37] Speaker 3: when they came on and so many of the online properties,
[14:40] Speaker 3: and and it's you're actually other than like big time
[14:44] Speaker 3: kind of sports. You're hard pressed to think of a
[14:46] Speaker 3: hobby or a pastime that had so much great media
[14:49] Speaker 3: around it than the automotive world. And it's definitely been trinking.
[14:53] Speaker 3: It's it's you know, there are so many fewer magazines.
[14:55] Speaker 3: The businesses are tough. You know, even some of the
[14:59] Speaker 3: event efforts television I think are really challenged financially. So
[15:03] Speaker 3: you know, there's that phrase in business like is it
[15:05] Speaker 3: an iceberg or is it an ice cube? And my
[15:08] Speaker 3: view was, Okay, look, we've got a great underlying business,
[15:12] Speaker 3: why not really invest in things like media and some
[15:14] Speaker 3: of the things that are hard to do they may
[15:16] Speaker 3: not make as much financial sense, but they're also they're
[15:19] Speaker 3: not completely horrible.
[15:21] Speaker 4: And so we've actually been really pleased.
[15:23] Speaker 3: With our media efforts, I mean, the reach of what
[15:25] Speaker 3: the team is doing both online and we're still really
[15:28] Speaker 3: committed to print and now by audited circulation, we have
[15:31] Speaker 3: the highest circulation car magazine in the world.
[15:34] Speaker 4: And we're just going to keep doing it.
[15:36] Speaker 3: Like great photography, great writers, just do good stories because
[15:39] Speaker 3: it's what a little bit of it is like it's
[15:41] Speaker 3: what I want to read, and I want to I
[15:43] Speaker 3: think it creates that kind of high ground in the
[15:46] Speaker 3: car world that we still need, rather than it just
[15:48] Speaker 3: kind of evolving into you know, cell phone videos and
[15:52] Speaker 3: things like this. Nothing wrong with some of that, but
[15:54] Speaker 3: we just we think there's room for higher quality stuff.
[15:56] Speaker 3: Now back to the first part of the question, though,
[15:58] Speaker 3: you know, there's no doubt about it that, you know,
[16:01] Speaker 3: events and media are not the biggest businesses. We think
[16:03] Speaker 3: the marketplace business will be important for us over time.
[16:06] Speaker 3: And part of it is, you know, just like in
[16:08] Speaker 3: the last twelve months, our customers members bought and sold
[16:13] Speaker 3: about three hundred thousand vehicles and that was about fourteen
[16:17] Speaker 3: and a half billion dollars worth of transactions. And so
[16:19] Speaker 3: we see that kind of from a data standpoint. And
[16:22] Speaker 3: when everybody talks about, you know, some of the great
[16:24] Speaker 3: online auction sites like you know, Bring a Trailer or
[16:27] Speaker 3: Cars and Bids, or you think of the big other
[16:30] Speaker 3: live auction houses all together, they both total on an
[16:34] Speaker 3: annual basis about four billion dollars worth of transaction. So
[16:37] Speaker 3: for us, it was like, okay, look, I'm not sure
[16:40] Speaker 3: you know anybody just naturally needed another auction business, but
[16:43] Speaker 3: we felt like they needed a better option when it
[16:46] Speaker 3: came to kind of trust and the way we could
[16:48] Speaker 3: invest in things that others may not be able to.
[16:51] Speaker 3: So it's we think that's going to be a fun
[16:53] Speaker 3: part of what we do. We think it's a great
[16:54] Speaker 3: way to tell stories about cool cars, like you know,
[16:56] Speaker 3: we were, you know, talking before about you know, it's
[17:00] Speaker 3: fun to talk about great cars coming up for sale.
[17:02] Speaker 3: It's a lot more fun to talk about them coming
[17:04] Speaker 3: up for sale than it is insuring them. And nothing
[17:07] Speaker 3: wrong with insurance. I get pays for me to be here,
[17:09] Speaker 3: but it's fun to.
[17:11] Speaker 4: Talk about what people are shopping for.
[17:12] Speaker 1: So well, I was going to ask, I was, you know,
[17:16] Speaker 1: how much of the core business is still the insurance business?
[17:19] Speaker 1: And also, you know, I know the auction market this
[17:22] Speaker 1: year has been kind of weird. Can you just give
[17:26] Speaker 1: us sort of a like a review on the year
[17:28] Speaker 1: about auctions and does that affect the insurance business side
[17:32] Speaker 1: of things too? Yeah?
[17:34] Speaker 3: Yeah, So, I mean right now we're ninety two percent
[17:38] Speaker 3: of the revenues insurance and part of this we're just
[17:40] Speaker 3: growing so much. I mean this this year will add
[17:44] Speaker 3: about two hundred and seventy five thousand new members to
[17:47] Speaker 3: our our membership and insurance world, which is a cool
[17:50] Speaker 3: number given that like the biggest car club in the
[17:52] Speaker 3: world is like a little over one hundred thousand. So
[17:55] Speaker 3: it's just a big group of car people coming together.
[17:58] Speaker 3: But we on the the car market space, there's no
[18:02] Speaker 3: doubt about it that you know kind of posts. There
[18:04] Speaker 3: was a real high post COVID. You know, people just
[18:07] Speaker 3: like RVs and boats and camping and everything else in
[18:09] Speaker 3: the car world right right, and the car world saw
[18:13] Speaker 3: big boom. It peaked somewhere around like December of twenty
[18:16] Speaker 3: twenty two, and it's okay. You know, just because something
[18:20] Speaker 3: is off a peak doesn't mean it's bad.
[18:22] Speaker 1: It's not a disaster.
[18:23] Speaker 3: It's not a disaster. But definitely, you know, we've seen
[18:26] Speaker 3: this these kind of dips before. We saw it like
[18:28] Speaker 3: financial post financial crisis. I remember it after the dot
[18:32] Speaker 3: com bus twenty five years ago, when you know, it
[18:35] Speaker 3: got really hot and then it feels like it's pulling back,
[18:38] Speaker 3: but it's just it's more rationality. So you know, yeah,
[18:42] Speaker 3: the live auctions were off about twelve percent and twenty
[18:44] Speaker 3: twenty four digital auctions and those kind of mechanisms.
[18:48] Speaker 4: Were down about five.
[18:49] Speaker 3: So not a disaster, because when you say they're off,
[18:52] Speaker 3: they're off against like huge highs, and so maybe it's
[18:56] Speaker 3: just a little bit of kind of rebalancing in there. Definitely,
[19:01] Speaker 3: we saw it even like the summer, that some segments
[19:04] Speaker 3: of kind of older vintage cars didn't seem to.
[19:06] Speaker 4: Have the kind of demand.
[19:08] Speaker 3: But then we see new kinds of vehicles that have
[19:10] Speaker 3: more demand, and there's some clear trends that this kind
[19:14] Speaker 3: of I don't want to call them the next generation.
[19:17] Speaker 3: I call them like the rising generation of collectors. They're
[19:19] Speaker 3: the ones that are rising and they get to do
[19:20] Speaker 3: cool stuff, and they have different tastes, and someday, you know,
[19:24] Speaker 3: we hope is that as their taste mature, as all
[19:27] Speaker 3: of our tastes have matured when it comes to cars,
[19:31] Speaker 3: that they'll want to buy more of that cool old
[19:33] Speaker 3: stuff too.
[19:35] Speaker 1: I was going to feel like we need to discuss
[19:36] Speaker 1: what you mean by different tastes, because.
[19:40] Speaker 4: When you're young, you buy.
[19:41] Speaker 3: You know, you may have a poster of the fastest
[19:43] Speaker 3: car that is available on a wall on your wall,
[19:45] Speaker 3: but you can't afford it, and see buy you know
[19:47] Speaker 3: what you like, and you know the trends that are
[19:51] Speaker 3: definitely different than what we saw in the past with
[19:53] Speaker 3: these rising generations are well, clearly, you know, Japanese cars
[19:57] Speaker 3: are not just kind of an accidental thing. They're a
[20:00] Speaker 3: big part of the car world that was where, but
[20:03] Speaker 3: they're big part of collecting.
[20:05] Speaker 1: Clear I'll see that continuing.
[20:06] Speaker 4: Oh my gosh. Yeah.
[20:07] Speaker 3: And you see kind of less even less performance oriented variants.
[20:13] Speaker 4: Now becoming hot.
[20:15] Speaker 1: Interesting.
[20:16] Speaker 3: So that's kind of interesting because everybody wants the best
[20:18] Speaker 3: of the bass. But if you can't afford the best
[20:20] Speaker 3: of the best, or there's just so few of them,
[20:21] Speaker 3: then you go for the next bat.
[20:23] Speaker 2: Wait, what are we talking about? I know the dots
[20:25] Speaker 2: in two eighties. Ex's on your list.
[20:26] Speaker 4: I'm in a prelude.
[20:27] Speaker 2: Oh yes, Oh by the way, Oh dude, my my
[20:31] Speaker 2: best friend in the high school had a Honda Prelude
[20:34] Speaker 2: with a stick. It was like nineteen ninety I think,
[20:38] Speaker 2: and that car was the sickest. I mean, I've been
[20:42] Speaker 2: thinking about that ever since, but I've never really seen
[20:44] Speaker 2: it brought up until you put it.
[20:46] Speaker 4: Out on your list. Their manual.
[20:48] Speaker 3: You know, they were super reliable. They they're just a
[20:51] Speaker 3: great car, and they built a lot of them. They
[20:53] Speaker 3: were sold mostly on the coasts in the US, and
[20:56] Speaker 3: you know that kind of that those markets were much
[20:59] Speaker 3: more comfortable with them. They weren't a muscle car crowd.
[21:01] Speaker 3: It wasn't that they weren't hot rodders, and so it
[21:04] Speaker 3: makes sense that, you know, it's.
[21:05] Speaker 4: An affordable entry point.
[21:07] Speaker 3: I keep waiting for someday the Ford Probe is going
[21:09] Speaker 3: to make it on our list, but it's not quite
[21:11] Speaker 3: there yet. So no offense to all the Ford Probe
[21:14] Speaker 3: owners out there.
[21:22] Speaker 1: Do we want to dive into the bull list?
[21:24] Speaker 2: I know, I know, before we get there, I want
[21:28] Speaker 2: to ask about a car, Hannah, you probably care more about.
[21:31] Speaker 2: Which is the Ferrari Oh yeah, yeah, yeah, it's what.
[21:34] Speaker 5: Fifty nine GT two fifty California wheelbase California. So it's
[21:39] Speaker 5: not Spider, It's not exactly the one that Cameron's dad
[21:44] Speaker 5: had in there's Bueler.
[21:45] Speaker 4: This is the one he dreamed about adding.
[21:47] Speaker 2: But so this, I mean, when we talk about a
[21:50] Speaker 2: down market for the collector car world, that doesn't include
[21:55] Speaker 2: cars like this, right, it's still going to go for
[21:57] Speaker 2: top and you're selling it at Emelia Island for sure.
[21:59] Speaker 3: Yeah, this will go at the Amelia sale in March
[22:02] Speaker 3: March seventh and eighth, and so this will be kind
[22:04] Speaker 3: of one of the star cars there. And this is
[22:06] Speaker 3: you know, this is a twelve fourteen million dollar car,
[22:10] Speaker 3: but it's one it's so rare because it's an aluminum
[22:12] Speaker 3: bodied one of eight. You know, Lamar raced great provenance,
[22:16] Speaker 3: the whole thing owned by great collectors, which in the past,
[22:19] Speaker 3: which really helps because they kind of did the work
[22:21] Speaker 3: to make sure they bought good stuff. So this is,
[22:24] Speaker 3: you know, somebody's chance to buy a Mona Lisa kind
[22:27] Speaker 3: of car. And plus it's just super cool. I mean,
[22:31] Speaker 3: the thing, these things are just amazing and nose these
[22:34] Speaker 3: cars well, look they too can have cycles price wise.
[22:37] Speaker 3: But a big part of the car world that you
[22:39] Speaker 3: know we don't talk about or no one talks about
[22:42] Speaker 3: when it comes to say auction results and everything else,
[22:46] Speaker 3: is despite all of this stuff, there's lots of private
[22:49] Speaker 3: sales that happen in the multimillion dollar category.
[22:52] Speaker 1: And so like this sense that's a big chunk of revenue.
[22:55] Speaker 4: It's huge. It was a huge part for us this year.
[22:57] Speaker 3: Like those teams, you know, the auction specials, and you
[23:00] Speaker 3: know they're constantly they're not waiting for an auction to
[23:04] Speaker 3: sell something if somebody wants to buy.
[23:05] Speaker 1: And this is also because a lot of people want
[23:07] Speaker 1: to be more discreet. It's what they buy and sell.
[23:10] Speaker 1: This is this is nothing like back door. This is
[23:12] Speaker 1: just private sales right and other public auctions.
[23:15] Speaker 3: Yeah, because I mean, you know, I think it's that,
[23:17] Speaker 3: you know, people want to have a little discretion and
[23:19] Speaker 3: they want.
[23:19] Speaker 4: To be private.
[23:20] Speaker 1: The issue, it's a security issue. It's also tone. I mean,
[23:23] Speaker 1: it's been a rough year for a lot of people.
[23:25] Speaker 1: Does it look great if you're spending fifteen million on
[23:27] Speaker 1: a Ferrari and you're the boss of the shop, you know.
[23:31] Speaker 3: Yeah, or you had to light lay a bunch of people,
[23:34] Speaker 3: you know. So, but these cars come up so infrequently
[23:39] Speaker 3: that when they do come up, you know, it's amazing
[23:42] Speaker 3: how people clamor for them to just say no, that's
[23:45] Speaker 3: the one. I've been waiting for it and here it
[23:46] Speaker 3: is got to go.
[23:47] Speaker 1: I'm curious, and this is just from my own background,
[23:50] Speaker 1: what is the thought process with this Ferrari? This nineteen
[23:53] Speaker 1: fifty nine Ferrari to fifty GT between having it sold
[23:58] Speaker 1: privately or publicly, Like, do you advise the person who
[24:02] Speaker 1: comes to you and says I want to sell this car.
[24:04] Speaker 1: Do you say, actually, we think it would do better
[24:06] Speaker 1: on the public market versus privately.
[24:09] Speaker 3: Yeah, that's a that's a big part of it. So
[24:11] Speaker 3: these you know, these this this mythical role of auction specialists,
[24:16] Speaker 3: like they're they're actively working with collectors constantly to say,
[24:20] Speaker 3: you know, are you are we upsizing? Are you downsizing?
[24:23] Speaker 3: Are you shifting from one era or type of car
[24:25] Speaker 3: to another? And that's the whole thing. You know, everybody
[24:28] Speaker 3: wants to get the most money for a car that
[24:30] Speaker 3: they can, but it's it's all like again being careful
[24:33] Speaker 3: of the market or making sure you're not selling introtion
[24:37] Speaker 3: you're well.
[24:38] Speaker 4: I think interest rates.
[24:39] Speaker 3: Probably were as much driving this kind of softness in
[24:42] Speaker 3: the market as anything, because when everybody's feeling flush and
[24:46] Speaker 3: everybody's buying everything they want it practically zero percent interest.
[24:50] Speaker 3: That affects very very wealthy people as well, like because
[24:53] Speaker 3: they're you know, they're feeling really great about what they
[24:56] Speaker 3: can buy, and when interest rates are at a different level,
[25:00] Speaker 3: it changes confidence, I.
[25:02] Speaker 1: Guess, and that applies to people who are spending a
[25:04] Speaker 1: lot of money on blue chip cars. It doesn't just
[25:07] Speaker 1: affect those of us on more of a budget.
[25:10] Speaker 3: Right, Yeah, I mean because they they're affected by all
[25:13] Speaker 3: the same issues, they just have more more zeros in
[25:16] Speaker 3: some cases. So you know what we see though, is
[25:18] Speaker 3: there is there was an age cohort that you know
[25:21] Speaker 3: are often referred to as the Baby Boomers, and they
[25:23] Speaker 3: were the biggest car collecting generation ever, and they bought
[25:28] Speaker 3: many of them great stuff when they were at lower prices,
[25:31] Speaker 3: and the cars are probably mostly fully valued, and some
[25:36] Speaker 3: of them want to.
[25:37] Speaker 4: Downsize or they want to simplify their life.
[25:39] Speaker 3: One of the interesting characteristics of that Baby Boomer generation,
[25:43] Speaker 3: if you look at it outside of money, is that
[25:46] Speaker 3: they tend to try to simplify things later in life.
[25:49] Speaker 3: And it's just like, Okay, I have a great, big
[25:51] Speaker 3: life and I have homes, or I do a lot
[25:53] Speaker 3: of stuff.
[25:53] Speaker 1: I want less any more problems.
[25:55] Speaker 4: Yeah.
[25:55] Speaker 3: Well, but even if it's just I want to clean
[25:57] Speaker 3: out my closets or I want to get rid of
[25:59] Speaker 3: some of the books in my library, they just don't
[26:01] Speaker 3: want all the clutter. And so, you know, they kind
[26:03] Speaker 3: of have this they kind of the Baby Boomer kind
[26:06] Speaker 3: of started as the flower Child generation, became incredibly incredibly consumerist,
[26:11] Speaker 3: consumer driven.
[26:12] Speaker 2: They have seventy five trillion dollars.
[26:14] Speaker 3: Yes, and but then as they get older, they simplify
[26:17] Speaker 3: and so and that's so what we'd expect is and
[26:21] Speaker 3: then there's this other interesting trend related to it, which
[26:23] Speaker 3: is we find more of the larger collectors wanting to
[26:27] Speaker 3: liquidate their.
[26:27] Speaker 4: Cars while they're alive.
[26:29] Speaker 3: And whereas like my dad's generation, he passed away, he
[26:32] Speaker 3: would have been ninety or whatever this last year, those
[26:36] Speaker 3: those big collectors they just kind of died with their
[26:38] Speaker 3: boots on and let their families deal with the mess after,
[26:41] Speaker 3: you know, hey, go ahead, sell these forty cars or
[26:44] Speaker 3: whatever I have. And the new generation it's like, I think,
[26:47] Speaker 3: just a little I don't know, maybe more of a
[26:51] Speaker 3: you know, reality around mortality or something like this, which is.
[26:55] Speaker 2: Financial planning for sure.
[26:57] Speaker 4: I think so.
[26:58] Speaker 2: By the way, speaking of your dad before we get
[27:01] Speaker 2: into the list, and I want to get to it
[27:02] Speaker 2: because we're not all rich baby boers, and certainly I
[27:06] Speaker 2: was thinking about so, my dad had some cars. They're
[27:09] Speaker 2: not amazing, but they're like part of a family lore.
[27:13] Speaker 2: And I think in Hannah's family the same is true too.
[27:15] Speaker 2: So what were the what were the haggardy cars that
[27:18] Speaker 2: really mean something to you and your life growing up.
[27:22] Speaker 3: No thanks for asking, because you know, in the end,
[27:23] Speaker 3: like we can talk about dollars and cents all you want.
[27:26] Speaker 3: These cars are important to me and for most people,
[27:29] Speaker 3: most of the millions of people who are into it
[27:31] Speaker 3: because of what the cars mean to them, not what
[27:33] Speaker 3: they're worth. And you know I did not, We did
[27:36] Speaker 3: not grow up with Ferraris in the garage. You know,
[27:37] Speaker 3: those were not cars that we had. We were a
[27:39] Speaker 3: Ford family, and ironically a Ford family and a Porsche family.
[27:44] Speaker 3: So my great grandfather worked for Fords. There's that was
[27:47] Speaker 3: a lot of Fords.
[27:48] Speaker 4: My dad was. I was restoring cars in the garage.
[27:51] Speaker 3: Each of my sisters and I got to restore cars
[27:53] Speaker 3: with him, but we got to you buy something out
[27:56] Speaker 3: of the newspaper and work on it. My my next oldest,
[27:59] Speaker 3: my oldest is sure, restored with him a corve Air
[28:02] Speaker 3: Lakewood station Wagon, which we sadly sold at some point.
[28:07] Speaker 3: And then my middle sister had a and still has
[28:09] Speaker 3: a nineteen sixty three fifty six B Roadster Porsche, which
[28:14] Speaker 3: is her baby. She drives it every single night. In
[28:16] Speaker 3: the end, mine that I bought for five hundred dollars
[28:19] Speaker 3: was a nineteen sixty seven portion nine to eleven s
[28:23] Speaker 3: and so I always say, like five hundred bucks, Well,
[28:25] Speaker 3: that was by far the best car deal I've ever
[28:27] Speaker 3: made in my life. But I also say, look, it's
[28:29] Speaker 3: it's priceless to me. I would never get rid of that.
[28:32] Speaker 3: And you know, it's the first car I drive every spring,
[28:34] Speaker 3: and it's the last car I put away when the
[28:35] Speaker 3: snow starts.
[28:36] Speaker 2: To f You worked on it at home with your dad.
[28:38] Speaker 3: Yeah, no, I did the whole thing, and just that
[28:40] Speaker 3: pride and of restoring it, owning it, driving it. That
[28:44] Speaker 3: will always be the most important car to me. And
[28:46] Speaker 3: then there were a bunch of cars my dad had
[28:48] Speaker 3: that I was able to kind of bring into into
[28:53] Speaker 3: the you know kind of collection that are both employees
[28:56] Speaker 3: and team members and nobody gets to see and that's
[28:58] Speaker 3: really fun. So, you know, for me driving one of
[29:01] Speaker 3: the cars that was important to my dad was just
[29:03] Speaker 3: it's like communing with.
[29:04] Speaker 4: Him, and it's just been Yeah, it's been a great thing.
[29:07] Speaker 4: It's really I don't care what they're worth, it's just
[29:10] Speaker 4: being with dad.
[29:11] Speaker 2: Yeah, that's awesome.
[29:11] Speaker 1: Do you take that nine to eleven us? On rallies?
[29:14] Speaker 1: I've had one of the cars that yeah drive well.
[29:16] Speaker 3: Funny thing, you know, I me. I grew up in
[29:17] Speaker 3: northern Michigan. I still live there. One of the cool
[29:19] Speaker 3: things I started doing, probably about ten years ago, is realizing, like,
[29:22] Speaker 3: there are all these great roads out there. I've got
[29:24] Speaker 3: this cool car I've had for forty years almost. I
[29:29] Speaker 3: started shipping it around and driving on roads I always
[29:32] Speaker 3: wanted to drive on with it. I mean, I went
[29:33] Speaker 3: to I went to college in southern California, but my
[29:36] Speaker 3: dad wouldn't let me bring the Porsche to drive up
[29:38] Speaker 3: Highway one.
[29:39] Speaker 4: He just said, now you don't want you don't want
[29:40] Speaker 4: an old car. It's college. I'm like, yeah, I do, so, yes,
[29:45] Speaker 4: I do.
[29:46] Speaker 1: So.
[29:46] Speaker 3: It wasn't until just a few years ago that I
[29:48] Speaker 3: finally like, darn it, I need to ship this thing
[29:50] Speaker 3: to LA and drive it up to Big Sar, which
[29:54] Speaker 3: I did, and it was just, you know, it was awesome.
[29:57] Speaker 1: So did you ever consider living in California by the away.
[30:00] Speaker 2: Or someplace other than Michigan.
[30:01] Speaker 1: I know, you where you went to college, you live
[30:04] Speaker 1: there during school, but you California is such a big
[30:08] Speaker 1: car hub too well, and.
[30:09] Speaker 3: It's kind of like culturally, I mean, I every Strangely
[30:13] Speaker 3: in the car world, everybody thinks I'm from California.
[30:15] Speaker 4: I don't know why. It's maybe my it's not the
[30:17] Speaker 4: way today. It's the tan and my bad.
[30:20] Speaker 1: You have the mentality of it though. Driving up Highway One,
[30:23] Speaker 1: I think so.
[30:23] Speaker 3: And my wife was from there, so you know, we
[30:26] Speaker 3: met there and we had California. LA will always be
[30:29] Speaker 3: a big part of our life, and I've been involved
[30:31] Speaker 3: with the Peterson Museum forever, and you know.
[30:33] Speaker 4: I love LA. The whole LA car culture is awesome.
[30:36] Speaker 2: All right, let's get to this list because there's a
[30:39] Speaker 2: couple I have questions about some of these vehicles. Let's
[30:45] Speaker 2: start with another Ferrari that's not going to go for
[30:49] Speaker 2: fourteen million, and that is the one that Tom Cruise
[30:52] Speaker 2: drove at the beginning of rain Man, right the four
[30:55] Speaker 2: hundred what is it? Four twelve?
[30:57] Speaker 4: Yeah, for twelve?
[30:59] Speaker 2: Is this just on the list because you think it's
[31:02] Speaker 2: affordable and it's hit the bottom.
[31:05] Speaker 3: Of where it was probably more bottomed out before. I
[31:08] Speaker 3: just think it's definitely again, you know, if you other
[31:12] Speaker 3: than Porsche, and you know I love Porscha's, like the
[31:14] Speaker 3: Ferrari brand has been the strongest brand at the top
[31:18] Speaker 3: end of the collecting world forever and the you know,
[31:22] Speaker 3: these four hundreds or these they didn't make a lot
[31:25] Speaker 3: of two plus two's, and some of them were like
[31:29] Speaker 3: much maligned by the car world. But this is kind
[31:33] Speaker 3: of one of the latest versions where we've started seeing
[31:36] Speaker 3: increasing values in them, more people liking them, people not
[31:39] Speaker 3: being feeling.
[31:40] Speaker 4: Embarrassed at all to own them. They just think they're
[31:42] Speaker 4: kind of cool.
[31:43] Speaker 1: Was that a thing like embarrassment?
[31:45] Speaker 3: Yeah, well there was you know, the there was the
[31:48] Speaker 3: famous the predecessor to this, the three six five, I believe,
[31:52] Speaker 3: was often referred to as the Queen Mother or Queen Mary,
[31:56] Speaker 3: Queen Mother, either one, and it was just because it
[31:59] Speaker 3: was like big, ponderous, flicking Ferrari for the time. But
[32:01] Speaker 3: I'm like, this is a V twelve, seriously cool car.
[32:06] Speaker 3: It just doesn't have maybe the same it's the looks
[32:10] Speaker 3: are a little underloved.
[32:11] Speaker 4: Underloved, Yeah, yes, and so it's cool car. They're they're
[32:14] Speaker 4: they're interesting to see.
[32:16] Speaker 1: I have to ask about the E type. Obviously, this
[32:19] Speaker 1: is an iconic model. You guys have said, the nineteen
[32:23] Speaker 1: sixty one to nineteen sixty four era E Type. I
[32:26] Speaker 1: want to talk about that but I also want to
[32:28] Speaker 1: hear your thoughts on the new Jaguar branding because this
[32:33] Speaker 1: is such an iconic car, and what do you think
[32:36] Speaker 1: about the rebrand.
[32:37] Speaker 2: Yeah, it's interesting, right, which, by the way, they say
[32:40] Speaker 2: that the concept car somehow harkens back to the type,
[32:44] Speaker 2: the type which is you know, Enzo Ferrari may have said,
[32:48] Speaker 2: it's the most beautiful car that was ever made.
[32:51] Speaker 4: Long hood. It has long hood.
[32:53] Speaker 3: That's all I can think of, right, Okay, I'm starting,
[32:55] Speaker 3: all right, So a couple thoughts.
[32:56] Speaker 4: Well, first, you know, e types.
[32:58] Speaker 3: You know, if you think about no, if I talked
[33:00] Speaker 3: about Ferrari being like at the top of the game
[33:03] Speaker 3: in the collecting world, no brand has risen faster than.
[33:07] Speaker 4: Porsche in the last decade.
[33:10] Speaker 3: It's just been amazing to see and both you know,
[33:13] Speaker 3: coupled with you know, all these you know, influencers building
[33:17] Speaker 3: really super cool cars and then just the amazing, you know,
[33:22] Speaker 3: weapons grade machines that Porsche keeps making. So they've been
[33:24] Speaker 3: really on the rise. Jaguar has kind of been left
[33:26] Speaker 3: in the dust a little bit. That was like the
[33:28] Speaker 3: opposite of it really is, Yeah, the exact opposite, Like
[33:31] Speaker 3: you know, Yeah, I loved some of the Ian Callum
[33:33] Speaker 3: designs when when he was leading the shop there, and
[33:38] Speaker 3: because they were kind of cool, they were kind of muscular,
[33:39] Speaker 3: but they just they just aren't thought of in the
[33:42] Speaker 3: same way today as well.
[33:46] Speaker 2: The same quality, Like you have a Porsche and never
[33:48] Speaker 2: take it to your mechanic.
[33:49] Speaker 3: Well, that's right, And so there's all that stuff. There's
[33:51] Speaker 3: quality stuff, and there's you know, they're just maybe uninspired
[33:54] Speaker 3: performance or whatever. But the E type was undeniably beautiful looking.
[33:58] Speaker 3: And you know, if ends Ferrari said that it was
[34:00] Speaker 3: the most beautiful card the world, we're just going to
[34:02] Speaker 3: go with it. I think he probably did. And so
[34:05] Speaker 3: the series one, which was the you know, first series,
[34:08] Speaker 3: and they made him in a few and the last ones,
[34:10] Speaker 3: you know, weren't weren't necessarily the basket until the mid seventies. Yeah,
[34:14] Speaker 3: and the and the V twelve ones right there at
[34:16] Speaker 3: the end, we're kind of they were more challenged, but
[34:18] Speaker 3: these early ones were really pure.
[34:20] Speaker 4: They really are beautiful.
[34:22] Speaker 3: And I think what we've what we've seen in this
[34:23] Speaker 3: kind of emerging list, like this list that we put
[34:25] Speaker 3: together every here is like it's a it's a change.
[34:28] Speaker 4: In somebody's interest in things.
[34:30] Speaker 3: And I think this is maybe okay, this is a
[34:33] Speaker 3: new group of collectors saying like, okay, maybe these have
[34:35] Speaker 3: been overlooked. Maybe they're kind of on the rise.
[34:38] Speaker 1: And were at rock bottom? Are you saying it's.
[34:42] Speaker 3: I think it's like people, look, cars are always about signaling, right,
[34:45] Speaker 3: so it's there.
[34:46] Speaker 4: This is an identity thing.
[34:47] Speaker 3: And I think, you know, an nothing says I'm you know,
[34:51] Speaker 3: mad men more than you know, or I'm cool than
[34:54] Speaker 3: any type. It really, I think it really does. So
[34:57] Speaker 3: I think that's maybe why.
[34:58] Speaker 2: It goes well with tweed.
[34:59] Speaker 3: Yeah, I mean, and you know, and what do we
[35:03] Speaker 3: fancy coffee drinks?
[35:04] Speaker 2: What do you think the price? I mean, we didn't
[35:06] Speaker 2: talk about that with the Ferrari, the Ferrari four hundred
[35:08] Speaker 2: four to twelve. What do you pay for a decent
[35:10] Speaker 2: one like fifty forty?
[35:12] Speaker 4: Yeah, at the bottom end, and then and you know,
[35:14] Speaker 4: eighty ninety and the.
[35:15] Speaker 2: E type for a decent one in running order. I'm
[35:17] Speaker 2: not talking about a concoor example, but what do you
[35:20] Speaker 2: pay for an early E type and decent shape?
[35:22] Speaker 3: Yeah, I mean you can pay as little as seventy
[35:25] Speaker 3: five thousand and as much as two hundred, So they're definitely.
[35:27] Speaker 3: These are not, you know, bargain basement cars, and it's
[35:30] Speaker 3: one of the most expensive cars on the list, but
[35:32] Speaker 3: it was it's just surprising that it's seeing new interest.
[35:35] Speaker 3: And I don't know again, like because I've always felt
[35:38] Speaker 3: that if you look in the car world, it's not
[35:39] Speaker 3: what people want now, it's what what the alternatives are.
[35:42] Speaker 3: And we re realized a few years ago when Mercedes,
[35:45] Speaker 3: especially really valuable Mercedes were up, like fully valued, and
[35:49] Speaker 3: people were selling them the very next car like a
[35:51] Speaker 3: gull wing owner or something. The very next car they
[35:53] Speaker 3: bought was a vintage nine to eleven, And I kind
[35:56] Speaker 3: of want that was It's an indicator, and so I
[35:59] Speaker 3: kind of think that this is this is signaling something.
[36:01] Speaker 3: We're just gonna have to watch it. But by the way,
[36:03] Speaker 3: all the E type owners they're I mean, they're awesome.
[36:06] Speaker 3: It's I have a sixty six and it's it's my
[36:09] Speaker 3: wife's favorite car we own. I just wish it'd had
[36:12] Speaker 3: another gear in a little bit more power, is it?
[36:14] Speaker 2: I mean, is it the kind of thing? Is it
[36:16] Speaker 2: the kind of thing where you have to be do
[36:18] Speaker 2: you have to have a mechanic as well? When you
[36:19] Speaker 2: buy the E type now.
[36:20] Speaker 3: No, I mean it's you know, like they I mean,
[36:22] Speaker 3: the only challenge with e types I find is they
[36:26] Speaker 3: can run a little hot, and so they're tough if
[36:28] Speaker 3: you live.
[36:29] Speaker 4: In a place with a lot of traffic.
[36:31] Speaker 3: You know, these those cars were born in an era
[36:33] Speaker 3: when in the UK when everything was around about there
[36:36] Speaker 3: were no traffic lights and there was a fraction of
[36:38] Speaker 3: the amount of cars on the road. So it was
[36:40] Speaker 3: probably great in a you know, drafty cool UK back
[36:45] Speaker 3: when the thing was designed. But like, you know, truly
[36:47] Speaker 3: not to but sitting in traffic in Miami, it's just
[36:50] Speaker 3: gonna it's gonna melt down.
[36:53] Speaker 1: Okay, Matt, I can't believe you have been asked about
[36:55] Speaker 1: the Dodge.
[36:56] Speaker 4: Am I gonna have to bring it up?
[36:57] Speaker 1: No?
[36:57] Speaker 2: I think so, Okay, you have on the list a
[37:01] Speaker 2: Dodge Magnum SRT eight, and I have a Dodge Challenger
[37:06] Speaker 2: SCAT packwise and I.
[37:08] Speaker 1: Just drove the charger ev Oh yep, Okay, that's a
[37:11] Speaker 1: very different thing I'm thinking about.
[37:13] Speaker 2: Maybe not so the Magnum and and the Challenger and
[37:16] Speaker 2: the charger. These are like you can get big inch
[37:19] Speaker 2: motors like six point one or six point four Leader
[37:21] Speaker 2: V eights and they're like they've gone extinct. We've watched
[37:25] Speaker 2: as they've died and they'll never be made again. Sure,
[37:29] Speaker 2: is that why it's on the list?
[37:31] Speaker 4: Well, I have Dodge Demon number thirty five.
[37:35] Speaker 3: I suspected so we helped Dodge get that that model
[37:40] Speaker 3: launched because they were struggling to get anybody crazy enough
[37:43] Speaker 3: to ensure Dodge Demons.
[37:44] Speaker 4: So I guess I stuck my hand up.
[37:46] Speaker 3: And by the way, I told Tim Kiniskus at the
[37:48] Speaker 3: time when he was saying, would you ensure Dodge Demons?
[37:52] Speaker 3: And when he explained to me what the car was
[37:53] Speaker 3: going to be, I said, I will tell you what
[37:55] Speaker 3: you go tell your board. I will ensure every Dodge
[37:57] Speaker 3: Demon you can make, but I won't ensure every Dodge
[37:59] Speaker 3: Dan driver.
[38:01] Speaker 4: How about that?
[38:02] Speaker 3: And he's like, he's remember, I'm going to give it,
[38:04] Speaker 3: and he's like, I think I think I can make
[38:06] Speaker 3: that work.
[38:06] Speaker 4: I'm like, well, then go to town, let's build these things.
[38:09] Speaker 3: So yeah, so I have and I have a and
[38:10] Speaker 3: we have a help we have a manual hel cat too.
[38:14] Speaker 2: How much do you love it? I mean, I think
[38:17] Speaker 2: there's such amazing cars because they're big and with roomy
[38:21] Speaker 2: and you got all the torque that you want and
[38:23] Speaker 2: it's just a fun boat to drive around the roads.
[38:25] Speaker 3: Well, you talk about our friends at the sec A,
[38:28] Speaker 3: you know as sports Car Club of America, which is
[38:30] Speaker 3: you know, always been a sports car club, and they
[38:33] Speaker 3: have people bringing they have a program they call track
[38:36] Speaker 3: Night in America and they said, you just don't even
[38:38] Speaker 3: believe how many people bring in Hellcats and challengers to Track.
[38:41] Speaker 4: Night in America.
[38:42] Speaker 3: And they say it was just not what the SECA
[38:45] Speaker 3: was about. But it's like people come to the track
[38:46] Speaker 3: to have fun. And my view is I don't care
[38:49] Speaker 3: about his people coming to the track and having fun. Yeah,
[38:51] Speaker 3: And so it's great, they're cool. The Magnum is a
[38:53] Speaker 3: station wagon.
[38:54] Speaker 4: It is a station wagon.
[38:55] Speaker 3: Well, which, by the way, back to the Jaguar rebrand,
[38:57] Speaker 3: I also think that's part of that design is not
[39:00] Speaker 3: at the brand. I don't know, but if you look
[39:02] Speaker 3: at that design from the side, Longhood, kind of like
[39:05] Speaker 3: the E type but kind.
[39:06] Speaker 4: Of shooting break.
[39:08] Speaker 3: Look, Bradley, and I think, you know, like the Cadillac Celestic,
[39:12] Speaker 3: it's kind of shooting break and so I think it's
[39:14] Speaker 3: a new shape and so we call it station wagon
[39:17] Speaker 3: the dodge, Yeah, right a hurst, right, Yeah, that's funky,
[39:21] Speaker 3: that's funk.
[39:22] Speaker 1: Yeah, shooting break isn't polite is a nice way.
[39:24] Speaker 4: To say it's a shooting break. I don't have the right.
[39:26] Speaker 2: The Volvo P eighteen hundred is kind of a little
[39:29] Speaker 2: bit that shape.
[39:30] Speaker 4: As well, ye, right, another one of those, like I think.
[39:33] Speaker 2: It's on your list, the sixty one to seventy two
[39:35] Speaker 2: of all they.
[39:35] Speaker 3: Were made and for a long period of time, and
[39:38] Speaker 3: you know, they were again kind of not the best performers.
[39:42] Speaker 3: There were some really hilarious early uh reviews of these
[39:46] Speaker 3: cars back in the day of like one of the
[39:48] Speaker 3: most under stressed motors, you know, you know, all of
[39:51] Speaker 3: this kind of stuff.
[39:52] Speaker 4: But yeah, I've always thought they looked cool. I've seen
[39:55] Speaker 4: them done in.
[39:57] Speaker 3: I've seen some pretty cool kind of resto model ones too,
[40:00] Speaker 3: where they're kind of set up kind of track looking,
[40:02] Speaker 3: and I just their a good looking car.
[40:05] Speaker 1: And we can't forget the Volvo with the most miles
[40:08] Speaker 1: on it ever. IRV Gordon drove that what three million
[40:12] Speaker 1: million miles? The school teacher who owned the same car
[40:15] Speaker 1: and drove it for like I don't know, twenty or
[40:16] Speaker 1: thirty four.
[40:17] Speaker 2: Was that a P eighteen hundred or eighteen hundred. Wow.
[40:20] Speaker 4: I tried to buy it, Oh.
[40:21] Speaker 3: Because we want I wanted to get it five million.
[40:25] Speaker 3: I thought I wanted to get to five million, and
[40:26] Speaker 3: I got outbid by by Volvo.
[40:29] Speaker 4: So this happens.
[40:30] Speaker 1: That's like going up against the house. Yeah, you're losing
[40:33] Speaker 1: the way.
[40:33] Speaker 2: It's not the only car on your list with the
[40:35] Speaker 2: Volvo motor.
[40:36] Speaker 4: Now, Oh, that's true.
[40:37] Speaker 2: There we got. Well, they're the DeLorean DMC twelve. I
[40:40] Speaker 2: went back and read some original reviews of the DeLorean
[40:44] Speaker 2: and they weren't as bad as I expected them to be.
[40:47] Speaker 2: Later people realized it was such a dog, I mean,
[40:50] Speaker 2: one hundred and thirty horse power with the Volvo V
[40:52] Speaker 2: six in it. I don't know why was some of
[40:54] Speaker 2: the critique at the critique at the time said, listen,
[40:59] Speaker 2: this car is comfortable and it handles reasonably well. It
[41:03] Speaker 2: should be thought of as more of a GT than
[41:05] Speaker 2: a sports car.
[41:06] Speaker 1: Wow.
[41:06] Speaker 2: And I to me, the biggest mystery is why didn't
[41:09] Speaker 2: John DeLorean put a real power motor in here?
[41:14] Speaker 3: Oh, I'm sure there was some that that's a fascinating
[41:18] Speaker 3: part of the story. And I know our like media
[41:20] Speaker 3: teams have written a bunch of things. And in fact,
[41:22] Speaker 3: one time, when let's just say, one of our celebrity
[41:27] Speaker 3: writers for the magazine kind of disc kind of dished
[41:31] Speaker 3: on on the DeLorean. We like, we got a lot
[41:35] Speaker 3: of criticisms.
[41:36] Speaker 2: Who was that celebrity writer.
[41:37] Speaker 4: Well, we'll just.
[41:38] Speaker 3: We'll just remain I'm sure you can look it all
[41:41] Speaker 3: up online. But it was it was interesting because people
[41:44] Speaker 3: ran to its defense. And you know, I've learned, we
[41:47] Speaker 3: learned our lesson in the media world because so much
[41:49] Speaker 3: of automotive media was I was about kind of ripping
[41:53] Speaker 3: on one car or another, and that was like the
[41:55] Speaker 3: tone it had to be kind of biting, her cynical,
[41:57] Speaker 3: and you know, I've really challenged to that team to
[42:00] Speaker 3: just say, look, there's a there's somebody who loves every
[42:03] Speaker 3: one of these things.
[42:04] Speaker 1: And we're just very personal.
[42:06] Speaker 4: Yeah, it's personal.
[42:07] Speaker 3: Yeah, I mean really we got into it with the
[42:09] Speaker 3: with the my sister had a corvet, but somehow an
[42:12] Speaker 3: article was written negatively about a corvet, and I just
[42:15] Speaker 3: got eviscerated and I was just like, I literally I
[42:19] Speaker 3: can't tell you the number of apology letters and you know,
[42:21] Speaker 3: flowers to people like because I'm like it wasn't meant
[42:25] Speaker 3: to be mean.
[42:25] Speaker 1: Trap isn't, but it becomes part of someone's identity and
[42:29] Speaker 1: it's in their memory, it's ingrained, it's I totally get it. Yes, yeah, yeah, well.
[42:35] Speaker 3: It's been fun putting these things together and fun seeing
[42:38] Speaker 3: the entry points.
[42:39] Speaker 1: Thanks for coming to talk to us.
[42:40] Speaker 3: Yeah, we're just I'm thrilled you'd give it some attention
[42:43] Speaker 3: and I love what you guys are doing.
[42:45] Speaker 1: I also want to say big news that broad Arrow
[42:48] Speaker 1: is now going to be the official auction house at Villadeste,
[42:51] Speaker 1: which is I mean basically the highest in car show.
[42:54] Speaker 3: It's where the it's where the best of show cars
[42:57] Speaker 3: go to be judged against each other. And it's you
[42:59] Speaker 3: know Philidestane like Como, and you know, we're we're thrilled.
[43:03] Speaker 3: The you know BMW, who owns that event, you know,
[43:06] Speaker 3: ran a big process and we were glad we landed
[43:08] Speaker 3: they you know, for them, it was all about the
[43:11] Speaker 3: style of how we do business and you know, character
[43:13] Speaker 3: and ethics and that sort of thing, and that's what
[43:15] Speaker 3: the who they wanted to put in front of their guests.
[43:17] Speaker 3: And I'm like, great, we're gonna we're going to go
[43:19] Speaker 3: to town. We're gonna We're going to put on a
[43:20] Speaker 3: great show. And so the auction business is is a
[43:24] Speaker 3: is a fun one, but it's one we're just going
[43:26] Speaker 3: to keep doing it really well.
[43:27] Speaker 4: You're going to focus on quality and well.
[43:29] Speaker 1: I was going to ask, and I know you need
[43:30] Speaker 1: to go, but I'm imagining that that sale might be
[43:33] Speaker 1: a very small, curated sale rather than more of a
[43:36] Speaker 1: big volume.
[43:37] Speaker 3: Yeah, it would be you know, eighty cars kind of thing,
[43:40] Speaker 3: which is, you know, over over a couple of days.
[43:42] Speaker 3: That's kind of what that market can absorb between all
[43:45] Speaker 3: the apparall sprits is and everything that everybody has.
[43:47] Speaker 1: Too much, because that'll get really upset.
[43:51] Speaker 4: Yeah, well you got to count.
[43:52] Speaker 2: You have to come, and then we'll send Hannah.
[43:55] Speaker 4: There we go.
[43:56] Speaker 1: He's like gritting his teeth.
[43:57] Speaker 3: But whereas like you know, like the Amelia type sales,
[44:00] Speaker 3: those will be one hundred and fifty cars, so a
[44:02] Speaker 3: couple of days, long, long days and and you know,
[44:05] Speaker 3: some big cars being sold.
[44:07] Speaker 2: Well, thank you so much, dude for coming in. It's
[44:09] Speaker 2: been a real pleasure, my pleasure, my honor, and hopefully
[44:11] Speaker 2: we see you again too.
[44:12] Speaker 1: Come back.
[44:12] Speaker 2: I will I'll just read off his list so that
[44:15] Speaker 2: people know everything that was on it. The nineteen seventy
[44:19] Speaker 2: eight to nineteen eighty three Dots in two eighty z.
[44:22] Speaker 1: X is that your personal favorite? No this list?
[44:25] Speaker 2: No, okay, I don't think they're in any particular order
[44:27] Speaker 2: as what as I was going to say, Okay, I
[44:30] Speaker 2: do kind of have a soft spot. My my uncle
[44:34] Speaker 2: had one at one point. Next is the nineteen eighty
[44:37] Speaker 2: one to nineteen eighty three DeLorean DMC twelve, which, m.
[44:41] Speaker 1: Hm, cool. I've driven one. It doesn't drive great.
[44:44] Speaker 2: I have not driven one, but I can't imagine it's
[44:47] Speaker 2: a good experience.
[44:48] Speaker 1: Now it's so slow, so it's just the way it
[44:50] Speaker 1: looks that people. But now we have the cyber truck,
[44:52] Speaker 1: which kind of looks like the truck version of the
[44:54] Speaker 1: Dolorean to me.
[44:55] Speaker 2: Good point. We talked about the E type nineteen sixty
[44:58] Speaker 2: one and nineteen sixty four Jaguar E.
[45:00] Speaker 1: Can I say something about that. I'm actually curious. I'm
[45:03] Speaker 1: surprised that it wasn't the Jaguar XJS that is actually
[45:07] Speaker 1: oh that list, because that's nineties era. That's sort of
[45:10] Speaker 1: more in keeping with the rest of this list, Like
[45:13] Speaker 1: they're saying the early sixties era E type. Yeah, Like
[45:17] Speaker 1: the rest of these dates are like nineties and two thousands,
[45:19] Speaker 1: so I'm very surprised I should have asked him about it.
[45:21] Speaker 2: I thought it was odd too. I mean, my friend's
[45:23] Speaker 2: dad got one of these when I was in high
[45:26] Speaker 2: school and we thought it was awesome, but that was
[45:27] Speaker 2: obviously five years.
[45:29] Speaker 1: Yeah, so I feel like it should be the XGS.
[45:32] Speaker 2: I don't disagree with you, and I love the XGS.
[45:35] Speaker 2: The next one on the list is the two thousand
[45:37] Speaker 2: and three to twenty thirteen Lamborghini Guaiardo six speed. And
[45:41] Speaker 2: by the way, this reminds me that I totally forgot
[45:44] Speaker 2: to ask him one of the most important questions to me,
[45:47] Speaker 2: which is how big is the chasm in valuations between
[45:54] Speaker 2: a manual and an auto box on a car that
[45:56] Speaker 2: offered both as an option from factory.
[45:58] Speaker 1: He's definitely gonna say the manual is worth more, of course,
[46:01] Speaker 1: but the question is how big? How much more? What's
[46:04] Speaker 1: the premium?
[46:04] Speaker 2: Like that a Ferrari. Yeah, let's say like a three
[46:08] Speaker 2: fifty five, right, the manual which I got to drive Again,
[46:12] Speaker 2: should we discuss well, did we not talk about it
[46:14] Speaker 2: at all?
[46:14] Speaker 1: All?
[46:14] Speaker 2: Right, we'll talk about it after. But the manual must
[46:18] Speaker 2: be worth far more than the autobox.
[46:20] Speaker 1: Right, We got to email them about that, Okay.
[46:22] Speaker 2: The next on the list is the two thousand and
[46:24] Speaker 2: five to two thousand and eight Dodge Magnum SRT eight.
[46:27] Speaker 1: Talk about an ugly car to be honest.
[46:29] Speaker 2: Yeah, I it's a hearse even as a Mopar fan,
[46:35] Speaker 2: even if you appreciate this vehicle, how are you going
[46:39] Speaker 2: to find one that hasn't been like wrecked six times
[46:42] Speaker 2: with two hundred thousand miles on it. The next car
[46:44] Speaker 2: on the list is the nineteen sixty one to nineteen
[46:46] Speaker 2: seventy two Volvo P. Eighteen hundred.
[46:49] Speaker 1: This is also the Saint era Volvo. Isn't it the
[46:52] Speaker 1: one from that the original movie of the Saint.
[46:54] Speaker 2: Yeah, and I feel like it should have been on
[46:56] Speaker 2: the bull market list, like yeah, last year or five.
[46:58] Speaker 1: Years also weirdly old?
[47:00] Speaker 4: Yeah yeah.
[47:01] Speaker 2: The next one is in nineteen seventy six to nineteen
[47:03] Speaker 2: eighty nine. Wow, they made it for thirteen years. Ferrari
[47:06] Speaker 2: four hundred slash four twelve, which we talked about.
[47:09] Speaker 1: We talked about and like, it's so weird to hear
[47:11] Speaker 1: anyone say like this was quote unquote an embarrassing Ferrari.
[47:15] Speaker 1: I mean it's like this is so niche, because like,
[47:17] Speaker 1: how could any Ferrari be embarrassing?
[47:19] Speaker 2: But yeah, but it is. I remember watching rain Man
[47:22] Speaker 2: and thinking, I know what they're trying to do. They're
[47:24] Speaker 2: trying to make Tom Cruise look like a total ball
[47:27] Speaker 2: or wheeler dealer. But they should have put him in
[47:29] Speaker 2: a better Ferrari anyway, great movie. Two thousand and two
[47:34] Speaker 2: to two thousand and six, Mini Cooper s cute.
[47:38] Speaker 1: I mean I feel like you could get that from You.
[47:41] Speaker 2: Can get it cheat like it's a driver's car. Yeah,
[47:44] Speaker 2: you can get it with a stick.
[47:45] Speaker 1: Yeah cool, Okay.
[47:46] Speaker 2: Nineteen ninety seven to two thousand and one hundred Prayer Lude.
[47:49] Speaker 4: We talked about this.
[47:50] Speaker 2: Oh my god, I'll never forget driving out to the
[47:53] Speaker 2: bat Cave, which is what we called some random deserted
[47:57] Speaker 2: driveway with my buddy John Lucier listening to the New
[48:01] Speaker 2: Ministry record and smoking cigarettes, which yeah, yeah, okay. The
[48:06] Speaker 2: next one is the two thousand and two to two
[48:07] Speaker 2: thousand and eight Mercedes Benz G five hundred.
[48:10] Speaker 1: That's the one I want. That is classic, and I
[48:14] Speaker 1: don't want to hear it about how much do they
[48:15] Speaker 1: cost their repair yeah, yeah, yeah, YadA, YadA, YadA, it's awesome.
[48:20] Speaker 2: I just think if you're going to get a g Wagon, well,
[48:24] Speaker 2: if I'm going to get a g Wagon, I would
[48:26] Speaker 2: want one post twenty eighteen because there's so much better
[48:30] Speaker 2: to actually drive on the street. But they're not classic.
[48:35] Speaker 1: Yeah, I don't know. Do you like the modern g Wagon?
[48:38] Speaker 1: The current the current generation? You have no problem with it.
[48:41] Speaker 2: I like it much better than the old generation because
[48:43] Speaker 2: it has the same look, the door has the same sound,
[48:46] Speaker 2: which is the main reason you're buying it, right, and
[48:49] Speaker 2: it works better.
[48:49] Speaker 1: Okay, So all right, Yeah, I don't have a strong
[48:52] Speaker 1: feel like I'm fine with the modern one two, But
[48:54] Speaker 1: I mean the originals are cool, and I think they're
[48:56] Speaker 1: going to continue to just get cooler and cooler.
[48:58] Speaker 2: The last one on the list is nineteen eighty four
[49:01] Speaker 2: to nineteen ninety Ford Bronco two. We didn't talk about
[49:06] Speaker 2: this one.
[49:08] Speaker 1: Yeah, I mean, if you're listening and you or you're
[49:11] Speaker 1: googling the Haggerty list, I love the livery on this
[49:14] Speaker 1: Ford Bronco. It's like an off white with sort of
[49:16] Speaker 1: a burnt orange stripe on it with the word Bronco.
[49:20] Speaker 1: It's very eighties. It's cool. I mean, at this point,
[49:24] Speaker 1: every wealthy Guy and silver Lake and montalk own one.
[49:30] Speaker 1: So it's I'm sort of bored with the Broncos now,
[49:33] Speaker 1: but I do really like the livery of this one,
[49:36] Speaker 1: and I like that it's not a restomat.
[49:37] Speaker 2: I like that it's and I imagine this is the
[49:40] Speaker 2: last of the Broncos to be collectible because every Bronco,
[49:44] Speaker 2: every era has been collectible. Yeah. I think every era
[49:47] Speaker 2: has been on the list pretty much so because I
[49:50] Speaker 2: remember when people started talking about getting OJ's Bronco, which
[49:53] Speaker 2: is the one that was.
[49:54] Speaker 1: Absolutely which also Peter Brandt had. Did you ever go
[49:59] Speaker 1: to his house for like art parties and stuff. He
[50:02] Speaker 1: had OJ's White Bronco and park it on the lawn
[50:06] Speaker 1: out at his house and just like throw parties around.
[50:09] Speaker 1: It was kind of cool. Possibly morbid, but cool.
[50:11] Speaker 2: That is morbid, and I'll say interesting. Yeah, Okay, so
[50:15] Speaker 2: that's the whole list, And I mean we talked about it.
[50:20] Speaker 2: You could write to us and tell us what you
[50:21] Speaker 2: think they left out. Let us know what do you
[50:24] Speaker 2: think is more collectible, and right now is the time
[50:27] Speaker 2: to buy. I always say the BMW six series from
[50:31] Speaker 2: the late eighties.
[50:33] Speaker 1: Fine, I thought you would say a clown jew BMW.
[50:35] Speaker 2: But oh, that's more in keeping with today's generation.
[50:38] Speaker 1: Possibly, And I do think it's very interesting. No Porschas
[50:42] Speaker 1: on this list. Oh, they've kind of topped. I feel
[50:45] Speaker 1: like they've probably even if you're talking nine twenty four,
[50:49] Speaker 1: nine eight ninety four, some of sort of the off models,
[50:53] Speaker 1: they're not gonna appreciate as much as these. I mean,
[50:57] Speaker 1: it seems to be like this is what we're seeing.
[50:59] Speaker 2: I guess with nine to elevens, there's no nine to
[51:02] Speaker 2: elevens anymore, right, No matter what.
[51:06] Speaker 1: Nine ninety seven, the fis nine eleven s that mikil Bot, yeah,
[51:09] Speaker 1: does not exist.
[51:10] Speaker 2: So you'd have to go nine twenty four, nine four.
[51:15] Speaker 1: Sir, those are still really exposed now, all.
[51:18] Speaker 2: Right, so let me just talk for a moment about
[51:22] Speaker 2: the Ferrari that I got to drive.
[51:24] Speaker 1: Please.
[51:26] Speaker 2: A listener of the podcast wrote to me, you know,
[51:29] Speaker 2: months ago, and was like, Hey, I have a three
[51:31] Speaker 2: fifty five and you're welcome to drive it. And I
[51:34] Speaker 2: was like, yes, but we're both dads, and we had
[51:37] Speaker 2: trouble making our schedule of work. Finally we did. Thank you,
[51:41] Speaker 2: thank you, thank you. It was hair raising, you know,
[51:46] Speaker 2: goose bump driving experience. I absolutely loved it. He had
[51:51] Speaker 2: the gated shifter amazing, and I will say that when
[51:56] Speaker 2: I was driving and I thought, I need more hours
[51:59] Speaker 2: of practice on this because I feel like if you
[52:01] Speaker 2: get into the groove with that, you can really make
[52:03] Speaker 2: it sing. Yeah. I mean I was able to drive
[52:07] Speaker 2: it and had a great time, but I just wanted
[52:11] Speaker 2: more like the sound.
[52:13] Speaker 1: Like where did you drive it?
[52:14] Speaker 2: So he came over to my house on I want
[52:18] Speaker 2: to say a Saturday morning or no, it was Friday
[52:21] Speaker 2: morning after Thanksgiving, and it's like a midnight blue, same
[52:27] Speaker 2: color as my nine to eleven and with the same
[52:30] Speaker 2: interior beige kind of tan interior, really beautiful and I
[52:35] Speaker 2: immediately thought, Okay, when I get a Ferrari, I'm gonna
[52:37] Speaker 2: get midnight blue too. And very cool guy. He keeps
[52:41] Speaker 2: it in storage at a place a little bit north
[52:44] Speaker 2: of where I live, and so we drove up to
[52:47] Speaker 2: the storage place because he had also blocked the driveway
[52:49] Speaker 2: when he was getting out, so we had to move anyway.
[52:51] Speaker 2: It was great roads driving up there, and I just
[52:55] Speaker 2: loved it. I drove it right away and it's not
[52:58] Speaker 2: like it's not obvi a race car anymore. And the
[53:02] Speaker 2: acceleration isn't by modern standards impressive, but you don't think
[53:08] Speaker 2: about that. You're just like on the gas and you're
[53:11] Speaker 2: feeling so fast and the sound is coming from obviously
[53:14] Speaker 2: behind you, and.
[53:15] Speaker 1: It's just it's full body experience.
[53:17] Speaker 2: You need, you want it. You He was like, listen,
[53:18] Speaker 2: you got to get it above seven thousand rpm to
[53:22] Speaker 2: really hear the right tone. And when I did, I
[53:25] Speaker 2: knew exactly what was talking about. And then the rest
[53:26] Speaker 2: of the time I was only trying to keep the
[53:28] Speaker 2: revs up, yeah, just to hear that screaming. It was.
[53:32] Speaker 2: I'm getting goosebumps now just thinking about how did you
[53:34] Speaker 2: fit in it? Like when you got it perfectly? I
[53:37] Speaker 2: was worried like that I would be too tall, or
[53:39] Speaker 2: that the pedal box would be too small, and it
[53:41] Speaker 2: is the toe box a little bit constricted, and but
[53:46] Speaker 2: it was not a problem at all, Like I wouldn't
[53:49] Speaker 2: have qualms about buying one myself because I fit fine
[53:53] Speaker 2: and I'm six three, two hundred, you know, so with
[53:56] Speaker 2: big feet. But the other cool thing was so I
[54:00] Speaker 2: got to drive it. Also, the guy was very cool
[54:03] Speaker 2: and we're yeah, I hope.
[54:05] Speaker 1: So, I hope I can meet him.
[54:07] Speaker 2: Yeah, you'll, You'll probably meet him. He is also a
[54:09] Speaker 2: member of the Classic.
[54:10] Speaker 1: Car Clubs amazing so.
[54:11] Speaker 2: And the other cool thing is we drove up to
[54:14] Speaker 2: his warehouse where he keeps the car, and there was
[54:16] Speaker 2: this dude there that I really want to introduce you
[54:19] Speaker 2: to who runs a company called HK Motors and they
[54:25] Speaker 2: sell Jim Glickenhouse's cars, so like the Boot, And they
[54:30] Speaker 2: also sell these Kimara Lancias, which I had sort of
[54:36] Speaker 2: peripherally heard of but had never seen.
[54:38] Speaker 1: I don't think I was familiar. I googled them after
[54:41] Speaker 1: you mentioned them.
[54:42] Speaker 2: So hot.
[54:42] Speaker 1: They look really cool? Yeah, really cool.
[54:45] Speaker 2: I mean insane.
[54:47] Speaker 1: Are they actually selling these cars?
[54:48] Speaker 2: Yes?
[54:49] Speaker 1: They are in the US.
[54:51] Speaker 2: Are they in the US? And what? The main reason
[54:53] Speaker 2: I thought I got to introduce Hannah to this guy
[54:55] Speaker 2: is because he has some sweet data about where they're going.
[54:59] Speaker 2: So they don't put New York plates on them because
[55:02] Speaker 2: people from New York don't buy them, he said, much
[55:05] Speaker 2: more often people from Connecticut or New Jersey. Yeah, but
[55:09] Speaker 2: not in New York for some reason. And they're also
[55:12] Speaker 2: I thought interesting, it's an inline four, a two point
[55:16] Speaker 2: one leader in line four, but apparently they scream and
[55:19] Speaker 2: one of the one of the top models that they sell,
[55:22] Speaker 2: which is less than a million dollars. He thought that
[55:24] Speaker 2: was great.
[55:24] Speaker 1: I was like, still wed a weird time.
[55:27] Speaker 2: Puts out almost seven hundred horse power with an inline four.
[55:31] Speaker 1: How much is the car away?
[55:32] Speaker 2: It must weigh close to nothing. I mean these are
[55:37] Speaker 2: twelve hundred and thirteen hundred kilograms and their manual.
[55:40] Speaker 1: On a thousand horse power, which weighed basically.
[55:42] Speaker 2: The seven seven hundred horse power because there's a twin
[55:45] Speaker 2: turbo charged in line fast.
[55:47] Speaker 1: Oh that's a lot to that's.
[55:48] Speaker 2: It's a lot to handle.
[55:49] Speaker 1: Yeah.
[55:50] Speaker 2: In fact, they sell for less money a street version
[55:54] Speaker 2: that I would have chosen. I put some Instagram pictures
[55:56] Speaker 2: up and the red one is like the hot version,
[55:58] Speaker 2: and the green one is the street version. I would
[56:00] Speaker 2: opt for this stow.
[56:01] Speaker 1: So these are Do you have to give them a
[56:04] Speaker 1: donor car?
[56:05] Speaker 2: I think they no. Well, I mean maybe they can
[56:08] Speaker 2: pick it up for you because they also are wheelers
[56:10] Speaker 2: and dealers. But yes, you bring a donor car and
[56:14] Speaker 2: then they send it to Italy and then Kamara makes
[56:17] Speaker 2: it and they bring it back.
[56:19] Speaker 1: Wow, I got to meet this guy.
[56:21] Speaker 2: Yeah, you really should.
[56:22] Speaker 1: I love how they look.
[56:23] Speaker 2: You have a.
[56:24] Speaker 1: List, I do have a list, but we can save
[56:27] Speaker 1: We could save that.
[56:27] Speaker 2: Let's save that for next week, because next week we'll
[56:30] Speaker 2: have Benedetto Vinya, the CEO of Ferrari. Yeah, yes, and
[56:36] Speaker 2: I feel like you've driven some Ferrari and.
[56:39] Speaker 1: So of you. Now, so did you had you driven?
[56:41] Speaker 1: You driven the car before you spoke with him the
[56:45] Speaker 1: three fifty five.
[56:46] Speaker 2: I drove the car before before I spoke with Benedetto Vina.
[56:51] Speaker 1: Yes, did it come up?
[56:53] Speaker 4: Okay?
[56:54] Speaker 1: Good?
[56:55] Speaker 2: But this is is it now the second Ferrari? Because
[56:58] Speaker 2: I drove the ff for week and I loved it. Yeah,
[57:03] Speaker 2: but yeah, I think this is only the second Ferrari
[57:05] Speaker 2: that I've ever driven.
[57:07] Speaker 1: I predict there are more Ferraris in your future for
[57:09] Speaker 1: twenty twenty five.
[57:11] Speaker 2: I sure hope you're right. And on that note, Oh,
[57:13] Speaker 2: by the way, our email address we should tell people
[57:16] Speaker 2: is Hot Pursuit at Bloomberg dot net.
[57:19] Speaker 1: Yeah, and please feel free to email us. We read
[57:21] Speaker 1: every email where, we respond to all of them.
[57:24] Speaker 2: I think I got some pretty amazing emails, or we
[57:27] Speaker 2: got some pretty amazing.
[57:28] Speaker 1: Give us a minute to respond, because you know, sometimes
[57:30] Speaker 1: We don't respond right away, but we really love reading
[57:34] Speaker 1: your feedback and your thoughts and comments, and thank you
[57:37] Speaker 1: for listening too. Yes, yeah, I mean we have fun
[57:40] Speaker 1: doing this.
[57:40] Speaker 2: Right, It's pretty fun.
[57:43] Speaker 1: We have the fun job here.
[57:45] Speaker 2: All right. That's it for this week. We'll see you
[57:47] Speaker 2: next week.
[57:48] Speaker 1: I'm Matt Miller and I'm Hannah Elliott, and this is
[57:50] Speaker 1: Bloomberg

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