Nice car

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December 4th, 2021 at 5:42:40 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1068
Posts: 12569
Quote: Tanko
Investment

So a real estate investor buys a car for $2.2 million and sells it five months late for $4.1 million.

So now the question is: How does anyone justify $4.1 million to purchase a car?


December 4th, 2021 at 12:49:26 PM permalink
missedhervee
Member since: Apr 23, 2021
Threads: 159
Posts: 5477
Quote: Pacomartin
So a real estate investor buys a car for $2.2 million and sells it five months late for $4.1 million. So now the question is: How does anyone justify $4.1 million to purchase a car?


Exotic cars have been a pretty good investment for many people over the years, especially rare super cars such as this.

Very limited production, pedigree, good looks and performance.

Collectors of these cars are not typically guys who take them to the track or drive them much; usually they sit unused in a secure indoor setting where the owner looks at them appreciatively now and then, much like an owner of a Picasso would view his painting.
December 4th, 2021 at 3:28:06 PM permalink
Tanko
Member since: Aug 15, 2019
Threads: 0
Posts: 2470
Manny Khoshbin's garage:

"Wrapped by Hermes"

https://www.youtube.com/watch?v=fCijcT_U8j4
December 4th, 2021 at 5:35:06 PM permalink
missedhervee
Member since: Apr 23, 2021
Threads: 159
Posts: 5477
Ron Tonkin, may he rest in peace, was the country's first Ferrari dealer and a life-long enthusiast of the marque.

Back when I owned my Ferrari and had the gravitas to mix with the local Ferrari elite I got to tour his private car collection, located in a nondescript warehouse near the east bank of the Willamette river in Portland.

Unlike many uber-wealthy collectors Ron actually drove his cars on occasion.

Here's a video of his collection: Tonkin car collection
February 2nd, 2022 at 12:55:33 AM permalink
Tanko
Member since: Aug 15, 2019
Threads: 0
Posts: 2470
The $3 million Bugatti Chiron can break 300 mph.

This guy is facing two years in jail for hitting 259 mph on the Autobahn.
February 2nd, 2022 at 12:27:40 PM permalink
missedhervee
Member since: Apr 23, 2021
Threads: 159
Posts: 5477
Quote: Tanko
The $3 million Bugatti Chiron can break 300 mph. This guy is facing two years in jail for hitting 259 mph on the Autobahn.


Huh?

What, was he on a section of the autobahn that has a speed limit?

I always thought that on designated sections of the autobahn there was no speed limit.
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