Was Mecum's $18 MILLION Ferrari Sale a Lie?
About this episode
A lively discussion kicks off with humorous banter about a quirky local business, Dick Lasers, before diving into the recent Mecum auction results, including a controversial $18 million Ferrari Enzo sale. The hosts debate whether this sale signifies a genuine shift in the collector car market or if it's a case of market manipulation. They also explore the impact of high-profile bidders and the changing values of classic cars. The episode features a guest appearance by Jason Chinnick, CEO of Ducati North America, who shares insights on Ducati's new off-road motorcycle and the brand's entry into Supercross racing.
Ducati
"...I got Jason Chinnick, who is the CEO of Ducati, my favorite motorcycle brand. He's also under the umbrella of Volkswagen Group."
Ducati is a famous brand that makes motorcycles, especially known for their speed and design.
Ducati is a renowned Italian motorcycle manufacturer known for its high-performance bikes, particularly in the sport and racing categories.
Volkswagen Group
"...He's also under the umbrella of Volkswagen Group. Part of the family."
Volkswagen Group is a big company that owns many car brands, like Volkswagen and Audi.
Volkswagen Group is a major automotive conglomerate that owns several well-known car brands, including Volkswagen, Audi, Porsche, and Lamborghini.
Ferrari F50
"...1995 F-50 for $12 million. Keep scanning. It gets crazier..."
The Ferrari F50 is a fast and expensive sports car made by Ferrari. It was built in the 1990s and is famous for being very powerful and lightweight, which makes it exciting to drive.
The Ferrari F50 is a supercar produced by Ferrari from 1995 to 1997. It features a 4.7-liter V12 engine and is known for its lightweight construction and high performance, making it a highly sought-after collector's item.
Ferrari Enzo
"2003 Ferrari Enzo for $18 million. If I'm not mistaken, this had that cartoony McDonald's interior."
The Ferrari Enzo is a supercar made by Ferrari, known for its powerful engine and unique design. It's a very exclusive car, and only a few were made, which is why it can sell for millions.
The Ferrari Enzo is a high-performance supercar produced by Ferrari from 2002 to 2004. It features a V12 engine and advanced aerodynamics, making it one of the most iconic models in Ferrari's history.
Pontiac GTO
"you look at that GTO, right? And you go, it's a bargain."
The Pontiac GTO is a famous car from the 1960s and 70s known for its speed and power. It's considered one of the first muscle cars and is popular among collectors today.
The Pontiac GTO is a classic American muscle car produced by Pontiac from 1964 to 1974. It is often credited with popularizing the muscle car segment due to its powerful performance and distinctive styling.
Ferrari GTO
"I said, so this white GTO isn't something that's going to go to Ferrari or how classic K, however the fuck you say it, and get restored."
The Ferrari GTO is a famous sports car that many collectors want. It's rare and valuable, making it a big deal in the car world.
The Ferrari GTO is a highly sought-after classic sports car known for its performance and rarity. It represents a significant part of automotive history and is often restored to maintain its value and appeal.
Ferrari 250 GTO
"As for the Ferrari, the, sorry, the 250 GTO, it's not red. It's one of the 36 originals."
The Ferrari 250 GTO is a famous race car from the 1960s. It’s very rare and expensive because only a few were made, and it has a lot of history in racing.
The Ferrari 250 GTO is a highly sought-after sports car produced in the early 1960s, known for its performance and racing pedigree. Only 36 units were made, making it one of the most valuable cars in the world today.
Le Mans
"of the other ones that raced at Le Mans. That, you know, right?"
Le Mans is a big car race in France that lasts for 24 hours. Cars compete to see which one can go the farthest in that time.
Le Mans is a famous endurance race held annually in France, known for testing the durability and performance of racing cars over a 24-hour period.
Ferrari 365 GTC
"Makes me want a 330 GTC or 365 GTC."
The Ferrari 365 GTC is a classic car from Ferrari, known for its larger engine and beautiful design. It's a favorite among car collectors.
The Ferrari 365 GTC is another classic model from Ferrari, produced around the same time as the 330 GTC. It features a larger engine and similar styling, appealing to enthusiasts of vintage sports cars.
Ferrari 330 GTC
"Makes me want a 330 GTC or 365 GTC."
The Ferrari 330 GTC is a vintage sports car made by Ferrari. It's famous for its powerful engine and stylish looks, making it a sought-after collector's item.
The Ferrari 330 GTC is a classic sports car produced by Ferrari in the late 1960s. It features a V12 engine and is known for its elegant design and performance.
Bring a Trailer
"But so basically, Kim, go to the bring a trailer. Here's the idea."
Bring a Trailer is a website where you can buy and sell classic cars through auctions. It's popular for finding unique and vintage vehicles.
Bring a Trailer is an online auction platform specializing in classic and collector cars. It allows users to buy and sell vehicles through a bidding process.
Mercedes-Benz Pagoda
"You've always kind of wanted a pagoda. Yes. You go to bring a trailer. And look, here's a pagoda and it looks nice."
The Pagoda is a classic car model from Mercedes-Benz that was made in the 1960s and 70s. It has a unique roof shape and is popular among collectors.
The Mercedes-Benz Pagoda refers to the W113 series of the SL-Class, produced from 1963 to 1971. It is known for its distinctive design, featuring a removable hardtop that resembles a pagoda roof.
Mercedes-Benz 7280 SL
"And so what it does is that look, here's the W13. That's a 7280 SL. And it says, here's your bidding strategy."
The Mercedes-Benz 7280 SL is a type of luxury sports car. The SL class is known for being stylish and fast, making it a popular choice among car enthusiasts.
The Mercedes-Benz 7280 SL is a model that likely refers to a specific variant of the SL class, known for its luxury and performance. The SL series has a long history of combining sporty handling with upscale features.
Mercedes-Benz SL
"... does is that look, here's the W13. That's a 7280 SL. And it says, here's your bidding strategy."
The Mercedes-Benz SL is a fancy sports car that combines speed and luxury, making it very desirable. It's been around for a long time and is often talked about because it's stylish and can be worth a lot of money at auctions.
The Mercedes-Benz SL is a luxury sports car that has been in production since the 1950s, known for its blend of performance, comfort, and elegant design. The SL models, particularly the W13 generation, are often discussed in the context of their engineering excellence and desirability in the collector market. The mention in the podcast likely relates to its value and appeal in automotive auctions.
Porsche Speedster
"...like, okay, like, like, 2019 Speedster, Porsche Speedster. It would say a comp is a 2019 GTS Targa."
The Porsche Speedster is a special version of a Porsche sports car that has a convertible top and a classic look. The 2019 model combines this classic style with modern performance features.
The Porsche Speedster is a limited-production sports car known for its lightweight design and classic styling, often associated with open-top driving experiences. The 2019 model features modern performance enhancements while retaining the iconic Speedster aesthetic.
Bentley Mulsanne
"I'm going to buy a Bentley Mulsanne. Yes."
The Bentley Mulsanne is a very luxurious car made by Bentley. It's known for being very fancy and powerful, making it a status symbol for many people.
The Bentley Mulsanne is a luxury sedan known for its opulence and performance. It features a powerful V8 engine and is often associated with high-end craftsmanship and exclusivity.
ABS
"And I'm going to take out the ABS so I can do a burnout."
ABS is a system in cars that helps prevent the wheels from stopping too suddenly when you brake hard. This helps you keep control of the car while stopping.
ABS stands for Anti-lock Braking System, a safety feature that prevents the wheels from locking up during hard braking, allowing the driver to maintain steering control.
burnout
"And I'm going to take out the ABS so I can do a burnout."
A burnout is when a car's wheels spin really fast while the car stays in one place, making lots of smoke from the tires. People do it to show off or have fun.
A burnout is a driving maneuver where the driver spins the wheels of the car while the vehicle remains stationary, creating smoke from the tires. It's often done for entertainment or to showcase power.
module flooring system
"...the original USA made multi patented module flooring system engineered for the garage invented in 1997 by Porsche enthusiast..."
A module flooring system is a special kind of floor made of tiles that you can put together in your garage. It's easy to clean and can be taken apart if you need to move it.
A module flooring system refers to a type of flooring designed for garages or workshops that can be easily installed and removed. These systems often consist of interlocking tiles or panels that provide a durable surface while also allowing for easy cleaning and maintenance.
Ford GT40
"...he collects a lot of difference. He's got the greatest GT 40 I've ever seen. It's so cool."
The Ford GT40 is a famous race car from the 1960s that was built to compete in endurance racing. It has a unique look and is celebrated for its success in races.
The Ford GT40 is a high-performance sports car that was originally developed in the 1960s for racing, particularly to compete in the 24 Hours of Le Mans. It is known for its iconic design and significant racing history, including multiple wins at Le Mans.
Porsche 356
"Make your garage look cool. Use code spike 356 for 15% off and free shipping."
The Porsche 356 is an old sports car that people really love because it looks great and drives well. It was made a long time ago, but many fans still want to own one because it's special and cool.
The Porsche 356 is a classic sports car that was produced from 1948 to 1965 and is considered one of the first models to bear the Porsche name. Its sleek design and performance capabilities have made it a significant icon in automotive history, often sought after by collectors and enthusiasts. The mention of the 356 in the podcast highlights its enduring appeal and status as a stylish addition to any garage.
INEOS
"We've got an INEOS behind us here and we're going to talk about that. This is the brand new INEOS."
INEOS is a car brand that makes tough, off-road vehicles. Their most famous model is called the Grenadier, which is built for adventure and rough terrains.
INEOS is a relatively new automotive brand known for producing rugged, off-road vehicles, particularly the Grenadier, which is designed to compete with traditional 4x4s like the Land Rover Defender.
INEOS Grenadier
"...we love the INEOS, Grenadier. But the first thing people point out is the steering isn't right, even though I love the steering."
The INEOS Grenadier is a new type of tough, off-road vehicle that looks like classic 4x4s. It's built for adventure and can handle rough terrains well.
The INEOS Grenadier is a rugged off-road vehicle designed for adventure and utility, inspired by classic 4x4s. It aims to combine modern technology with traditional off-road capabilities.
recirculating ball steering
"The big thing is the steering. So it's still recirculating ball steering with a tractor axle, but they changed the first 22 degrees off-center."
Recirculating ball steering is a way to help steer a car using small balls that roll in a track. This helps make steering smoother and easier, especially in larger vehicles.
Recirculating ball steering is a type of steering mechanism that uses a series of ball bearings to reduce friction and improve steering feel. It's commonly found in older vehicles and some trucks, providing a rugged and reliable steering option.
Land Rover Defender
"...edicated off-roader. Because this is a Land Rover Defender that Land Rover didn't build."
The Land Rover Defender is a tough car made for driving off-road, like in the mountains or on rough trails. It's popular with people who love adventures and might be talking about a special version that has been improved for even better performance.
The Land Rover Defender is a rugged off-road vehicle known for its durability and capability in challenging terrains. It has a strong following among adventure enthusiasts and is often customized for extreme off-road use. The podcast's reference to a Defender that Land Rover didn't build suggests a unique or modified version that enhances its off-road prowess.
ECU
"...instead of like, you know, 200 ECUs, like the G-Wagen has, this has 37. And most of those are there because like,..."
An ECU is a computer in your car that manages different functions, like the engine or safety features. Fewer ECUs mean the car is simpler and cheaper to make.
An ECU, or Electronic Control Unit, is a crucial component in modern vehicles that controls various electronic systems. In the context of cars, having fewer ECUs can simplify the vehicle's design and reduce costs.
ZF 8-speed
"They used a ZF-8 speed because it's been in production for 15 years. It works."
The ZF 8-speed is a type of automatic transmission that helps cars shift gears smoothly and efficiently. It's used in many high-end cars.
The ZF 8-speed is an automatic transmission developed by ZF Friedrichshafen AG, known for its smooth shifting and efficiency. It's widely used in various luxury and performance vehicles.
Tremec transfer case
"They used a Tremac transfer case because it's the best and it works."
A Tremec transfer case is a part of a vehicle that helps send power to the wheels, especially in four-wheel drive cars. It's built to be tough and reliable.
The Tremec transfer case is a component used in four-wheel drive systems that allows power to be distributed to both the front and rear axles. It's known for its durability and performance in off-road and high-performance applications.
lockers
"and then turn on the lockers and then get yourself out."
Lockers are special parts in vehicles that help the wheels work together, especially when driving on rough or slippery surfaces. They make it easier to get out of tough spots like mud or snow.
Lockers refer to locking differentials, which allow both wheels on an axle to turn at the same speed. This is particularly useful in off-road situations where traction is uneven, as it helps prevent wheel spin and improves grip.
off-roading
"I did a little light off-roading"
Off-roading is when you drive a vehicle on rough ground instead of regular roads. It can be fun but needs special cars that can handle bumps and mud.
Off-roading refers to driving on unpaved surfaces, such as dirt, mud, sand, or rocky terrain. It often requires specialized vehicles or modifications to handle the rough conditions.
trailer hitch
"why does the trailer hitch look like that? Well,"
A trailer hitch is a part of a vehicle that allows you to connect a trailer to it so you can tow things like boats or campers.
A trailer hitch is a device attached to a vehicle for towing trailers. It provides a connection point for attaching the trailer and can come in various designs depending on the vehicle's towing capacity.
seven pin harness
"instead of a seven pin harness, which most trucks in the US have, it actually has a NATO plug."
A seven pin harness is a type of connector that helps connect the electrical systems of a vehicle and a trailer, allowing things like lights to work together.
A seven pin harness is a common electrical connector used in towing applications, particularly in the US. It allows for the connection of various electrical functions between the towing vehicle and the trailer, such as brake lights and turn signals.
NATO plug
"it actually has a NATO plug. So it's a huge aperture."
A NATO plug is a special kind of connector used to connect electrical equipment to a vehicle, often found in military vehicles. It's designed to be strong and reliable.
A NATO plug is a type of electrical connector used primarily in military applications. It allows for a robust and secure connection for powering equipment, such as winches, from a vehicle's electrical system.
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