Ferrari Mailing List: Re: Classiche Education

[Douglas Le Grand (gemologist007]

    To tell you the truth, I have seen a real change in this group and want to say I have enjoyed the bander over the past week. There are so many different idea's of Classiche, and why the price for real authentic cars are high compared to reconstructed cars.

    In the gemology world, G.I.A. trains anyone that is in the business, to use their charts and tables. They have basically set themselves up as the expert in the field, they establish the criteria, boundries. You can only call a Ruby a Ruby and a Emerald a Emerald when it meets this criteria. What's the difference between a fine untreated Emerald and Green Beryl, about $50,000 a carat. There was a case where a world reknown jewelry house sold a 15ct Fine Intense Emerald, when they took the stone in to be set, the heat from the jewelers torch caused the color to fade. The stone was a Green Beryl, treated with the correct color green epoxy. Of course the company paid the money back, what if it was a secret sale, that no one knew except the seller and the buyer and no proof it happened.

    At GIA, on most gemstones, exactly like the Ferrari factory that certifies authenticity, there is a concerted team effort of experts who decide on the true identity of a gemstone or the origin of color. True Red Diamond, 1 ct, will run approximatedly $1 million dollars/ct. There are seven known true red diamonds, in the world today, 6 of them are own by a wealthy woman in Texas. Wouldn't it make sense that many people might misread a color, especially when it is their own stone and their profit to be made. Intentional or not, you need a third unbiased party to call the shots. Who has the final say, GIA experts will have the final say in the "Trueness" of the color.

    I have written numerous articles educating the average person what to look for, when in doubt, get a certification from GIA. There are numerous Graduate Gemologist  like myself. To get your GG degree you had to identify gemstones, natural and synthetic 100% during your final exam. This does not make me qualifed to call a red Diamond a red Diamond, but it does give me enough information to know when to sent it in to a company that can.

 

I don't think Enzo Ferrari believed, "Buyer Beware".

 

 

Douglas S. Le Grand

Legrand LLC

Alternative Investments

San Diego, CA 92111

858-380-6389

From: Erik Nielsen <judge4re [at] gmail.com>
To: Douglas <gemologist007 [at] yahoo.com>
Cc: The FerrariList <ferrari [at] ferrarilist.com>
Sent: Friday, October 21, 2011 11:52 AM
Subject: Re: [Ferrari] Classiche

End of the day, they're all just cars.  I made a legitimate offer on a P car of $6.5M in 2008 when I thought that this is where I really wanted to spend money.  I've since come to the conclusion that I can have just as much fun (and the same level of headaches) off a $16k Mondial that used to belong to another list member that I would by liquidating part of my commercial real estate portfolio to buy a car that doesn't generate cash flow. 

 

In other words, I sobered up and am happy to still have paying tenants...

On Fri, Oct 21, 2011 at 1:27 PM, George P. <ygpz4re [at] hotmail.com> wrote:

All,
 
Just to add a couple of lira to the discussion...  I have an acquaintance here (and since it's up to them, not me, to acknowledge this publicly, I'm going to be deliberately vague) with a vintage Ferrari racer.
 
Said racer suffered a thrown rod, so the engine was rebuilt.  Said racer suffered another thrown rod, so the engine was rebuilt again, but with more investigation as to the cause.  Cause was determined to be an oil tank which did not deliver sufficient quantities of oil to the engine when under high stress.  So, oil tank was redesigned, built, and installed.  Engine runs great.
 
But!  When car was submitted for Classiche certification, the oil tank was deemed "inappropriate" and forced to change back to original style.  Even though said oil tank was crap and resulted in two engine failures.  [Speaking only for myself here, I find it terribly hard to believe that Ferrari/Classiche actually *KNEW* what style/design of oil tank was originally installed in that car, all those years ago!  But that's just me....]
 
It was said earlier that some changes are allowed by Classiche.  I won't argue this point, but will also say "perhaps not always...."  Or maybe it just depends on who you are or how deep your pockets are. 
 
gp
 
[p.s. - SteveJ - Well said!!]

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