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Re: So someone out there tell me what’s so special about these cars.......
From: Rick Moseley (ramoselpacbell.net)
Date: Mon, 23 Nov 2020 19:03:01 -0800 (PST)
Victims of fashion??

On Monday, November 23, 2020, 6:16:44 PM PST, Erik Nielsen <judge4re [at] gmail.com> wrote:


One can drop $2 million on a stack of old tee shirts and not have to worry about timing belts or other archaic maintenance schedules...


On Nov 18, 2020, at 10:43 PM, Peter Rychel <dino308gt4 [at] hotmail.com> wrote:



I remember seeing Greg’s and Jon’s collections years ago during those garage tours and appreciated the “club-only” invite. Always great to meet up with you folks as well.

 

When all of this COVID business is over with and the border opens up, I’ll have to make more of an effort to head back down to Seattle and enjoy all of these events again. Likewise, you folks will always be welcome up here in Vancouver too.

 

Peter

 

Sent from Mail for Windows 10

 

 

From: Gary Reed
Sent: November 18, 2020 11:06 AM
To: PeterGT4
Cc: 'The FerrariList'
Subject: Re: [Ferrari] So someone out there tell me what’s so special about these cars.......

 

I've known Greg for over 20 years.

 

He has always been very generous sharing his car collections with the local Ferrari Club

and other groups.  All of his cars are licensed for the street and he drives them, except some older track only race cars.

 

Here's a video of his 250 GTO at a local car show years ago.  ALL of the other Ferraris in the video driving out belong to Greg too.

He had a  bunch of friends drive them to the show, which was at a local winery in the Seattle area.

 

 

 

Cheers,

 

Gary

 

----- Original Message -----

Sent: Wednesday, November 18, 2020 10:52 AM

Subject: RE: [Ferrari] So someone out there tell me what’s so special about these cars.......

 

Pretty picture.

Some time ago I was passed on the 101 freeway in Los Angeles (when you could pass) by a vehicle that resembled that car.  I went nuts.  It definitely had a V-12 sound – unless they put playing cards to rub on the spokes like I did with my Schwinn bicycle.  So – Describing what I had seen to people in the know.  Response – yep – looks good, eh?  Datsun 240 with a detailed fiberglass body and a real ferrari V-12 engine.  It even had the aft the rear wheel cut out.

Oh well, even with the blue interior replicating some real car, it sure looked and sounded good.  Never saw it again.

Doug

 

From: Ferrari <ferrari-bounces+dnt=dock.net [at] ferrarilist.com> On Behalf Of Gary Reed
Sent: Wednesday, November 18, 2020 9:05 AM
To: DOUG <dnt [at] dock.net>
Cc: 'The FerrariList' <ferrari [at] ferrarilist.com>
Subject: Re: [Ferrari] So someone out there tell me what’s so special about these cars.......

 

I was at the 2018 RM Monterey Auction when Greg's GTO sold for $48M (w/fees).  It's still the world record for the most

expensive car ever sold at an auction.

 

Gary

 

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----- Original Message -----

From: Rick Moseley

To: Gary Reed

Sent: Tuesday, November 17, 2020 6:10 PM

Subject: Re: [Ferrari] So someone out there tell me what’s so special about these cars.......

 

When I was active, racing at the historics, I remember sitting around bench racing one evening by a fire pit at the Barnyard (?) and Chris Darling's wife came over and stood and listened to us for about 2 minutes.  She then pestered Chris for the rental car keys and then made sure everyone was looking... and said "Silly boys, a car is merely something to get you to the jewelry store!" Threw her head back and walked away.   Greg Whitten had just paid $7M for his 250 GTO... bargain price looking back.   Bruce McCaw's brother (forget his name was talking to Greg and he really was on the hunt for a 250 GTO.  He finally got one but paid $35M for his 250GTO...  still a bargain by today's numbers.   I think it will be a while before Dave McNeil's $70M gets topped.

I still remember the days when the Bugatti Royales fetched the highest money... and there are only 6 of them.

 

Here ya go Doug...  

 

 

 

 

On Tuesday, November 17, 2020, 2:41:38 PM PST, Douglas Anderson <dnt [at] dock.net> wrote:

 

 

And when they’re not racing – they are out cruising.  Hubby and wife and a bunch of other Euro GTO family’s go on a long trip – castle to castle.  Quite a thing.  Half way through – half of the wives had had it with the noise, no floor boards, oil smell, noise and twisting roads.  They selfishly decide to take the family jet to the next stop.  No Denise McCluggage’s there.

 

And then there was the time at the Monterey Historics where more than 20 GTO’s were on the Laguna Seca track at the same time.  It was easy to count the money – nothing over 10 mil.

 

Doug

 

From: Ferrari <ferrari-bounces+dnt=dock.net [at] ferrarilist.com> On Behalf Of Jeff Kennedy
Sent: Tuesday, November 17, 2020 10:36 AM
To: DOUG <dnt [at] dock.net>
Cc: The FerrariList <ferrari [at] ferrarilist.com>
Subject: Re: [Ferrari] So someone out there tell me what’s so special about these cars.......

 

Not money laundering - look at the list of owners, they have verifiable assets.

 

The 250 GTO is an extraordinary car that represents the highest art at the end of the dual purpose GT racers.  

  • The GTO is actually street driveable and not trying to bite the driver (see 250 LM).  On the track a decent driver can look good.  
  • There are just enough of them so there can be a market. 
  • Every GTO has a racing provenance
  • Many of the GTOs had owners/drivers that were significantly accomplished racers
  • The GTO is not a fragile car or with a hand grenade engine.  This is a good point since most of the cars remain with their key components.
  • When new one had to be deemed sufficiently worthy to be allowed to buy one
  • To many people the GTO Series 1 is one of the best looking cars of its era (Me, I prefer the Pf designed Series II, but I'm weird anyway)
  • Incredible major racing successes around the world and the car to have in its day
  • For the Ferrarista it represents the ultimate development of the classic Columbo 3 liter motor.

Now, I am not going to say that a GTO is "worth" what David McN paid for his.  But he certainly thinks so.  The market spoke.  And for those that can afford to play the GTO is the "one" to have.  It certainly helps that there is the GTO exclusive gathering where only current owners can participate in the multi day event. 
We mere mortals only get to see the pictures.

 

I'm also not going to defend that the GTO carries the multiple it does over a 250 TdF.  To me, the TdF is massively undervalued against the GTO since it is even rarer yet has many, many of the same historical points.

 

 

 

On Tue, Nov 17, 2020 at 4:52 AM Erik Nielsen <judge4re [at] gmail.com> wrote:

Money laundering. Same with the art world. 

 

On Nov 16, 2020, at 7:05 PM, Brian E. Buxton <BrianBuxton [at] buxtonmotorsports.com> wrote:



Why is a Ferrari GTO, built in the same Era, worth $70M?

-- 
Brian E. Buxton 
(812) 760-5513 mobile  
  
Reditus Property Holdings LLC
  
  
Auto Acquisitions and Consulting  
www.BuxtonMotorsports.com
  
  
  
Brian Buxton Enterprises, Inc.
Nationwide Enclosed Auto Transportation
  
  
Founder & Past President
So. IN Region Porsche Club of America

On 11/15/20 9:49 AM, Clarence Romero Jr. wrote:

Ok so why do these cars built in 1964 bring in this crazy money

I am ready for an explanation on this 

Because it doesn’t make any sense 

So educate me 

Cause I gotta know

 

 

 

https://bringatrailer.com/listing/1964-porsche-356c-34/

     RF4-4EVR

 

Scars are Tattoos with better stories !

 

If you have no enemies, you have no character !

 

Clyde Romero    

 

 

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     RF4-4EVR

 

Scars are Tattoos with better stories !

 

If you have no enemies, you have no character !

 

Clyde Romero    

 

 

Confidentiality Notice:  This e-mail ( including attachments ) is covered by the Electronic Communications Privacy Act, 18 U. S. C., Sections 2510-2521, and is intended only for the persons or entity to which it is addressed, and may contain confidential or privileged material.  Any unauthorized review, use, disclosure, dissemination, copying, forwarding or distribution is prohibited.

This email transmission, and any documents, files or previous email messages attached to it, may contain confidential information that is priviledged.  If you are not the intended recipient, or a person responsible for delivering it to the intended recipient, you are hereby notified that any disclosure, copying, distribution or use of the information containes in or attached to this message is STRICTLY PROHIBITED.  If you have received this transmission in error, please immediately notify us by reply e-mail at Clyderomerof4 [at] gmail.com or  by telephone at (678 6419932)and destroy the original transmission and its attachments without reading them or saving them to disk.

 

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