vimarsana.com

Transcripts For CNBC The Profit 20171231

Card image cap

Tonight. Its okay. Were comedians. On jay lenos garage. [laughs] wow, right on the edge. A perfectly restored classic car can be a beautiful thing, but the car world is changing. Yeah, dont move that. Thatsyeah. No, no, no, normally you just go like this. Nowadays, a car that looks like a complete wreck that doesnt run, thats rusted in every corner, can actually be worth more than the restored classic. How is that possible . Theres value in a car thats just hung around as it was. And to prove the old saying, you can restore a car a million times, but its only original once. [laughs] Patrick Dempsey takes us back to porsches roots. Is that better than the emmy . Absolutely. Yeah, it is, yeah. [both laugh] i take a trip down the strip in a cadillac thats older than the strip itself. The fact that all the people that designed this car are dead. Guess thats true. My friend Jerry Seinfeld and i. I am really enjoying this drive. Have a ridiculous conversation that makes no sense. For example, you are original and unrestored, right . Thats right. Ive been wearing these clothes 30 years . Yeah. And to change them, i would lose all my value. Thats what keeps your value. Exactly. [upbeat music] [funky music] the car im driving right now, a 1927 duesenberg model x. Looks like a gangster car because its got the low roofline, and its quite stylish for the period. Its just a wonderful old girl. The duesenberg brothers, fred and augie, were independent car builders. They were really race car guys, but they built cars to support their racing habit. The nice thing about this car, its all original and unrestored. Man named Howard Johnson bought this car in 1945. He put it in his garage, he locked the garage, there was an earthquake, the garage shifted so he couldnt get the door open, and the car stayed in there until 2005 when i pulled it out. In fact, his daughter, who grew up in the house, had never even seen the car cause shed never been in the garage. He was a pretty secretive guy. A lot of us old car guys are pretty strange. [dramatic music] we redid the engine, obviously, and we did the brakes for safety, but Everything Else is exactly as it was in 1927. Maybe youre wondering why i didnt fix all the dings, dents, and scratches on this incredibly rare vehicle. Well, up to fairly recently, old unrestored cars. I got it for free. It was abandoned in palm desert for six years. Didnt have as much value as perfectly restored cars. They never looked that good in 1962. No, they did not. No. Yeah, this is perfect. But these days, many cars are looked upon as antiques. This morning, i was just putting a cloth over it, and a piece of paint came off. You wouldnt take an old chippendale dresser and refinish it. It would lose its value, and thats the thinking that goes into keeping these cars original. The man i bought it from was almost 90 years old, and his aunt actually gave it to him when he was ten, which i think was pretty exemplary for a car. Thats what this episode is all about original and unrestored. The next guy youre about to meet is almost as famous for his porsches as he is for being a comedian, and he is fanatical about original. Youll see what im talking about. [funky music] here we have three classic porsches from the 50s, and these cars are original and unrestored, and if youre a true collector, that is the most important thing. Lets meet the owner of these cars. Jerry, how are you, buddy . Hi, jay. Good to see you. Thanks for having me on the show, boy. Well, love to give young comics a new break. As you all know, Jerry Seinfeld, a great standup comedian and star of the show seinfeld. Plus, hes a real car guy and host of the very funny web show comedians in cars getting coffee. Dont people say that to you all the time . Is this a bit . Both are you doing a bit . You go, no, im talking. Im talking to you right now. What you might not know is, weve been friends for over 30 years. Thats a lot of cars and a lot of hairstyles. Now, what do we have here . Well, we have a 56 european, we have a 59 carrera, and a 58 speedster. Pretty much the model line of the late 50s. Right. From the top to the cheapest. These three unrestored cars are some of porsches earliest models and started porsches reign as one of the best sports car makers in the world. Ferdinand porsche was a genius. He made everything from racing cars to tanks. But the 356 was their first production car. Over 75,000 were built between the late 1940s and the early 1960s, and those that survived are loved and treasured. People do see this car when i drive it, and they see, like you know, if you look here, you see the paint is kind of cracking a little bit. Right. And, uh, you know, here, its, uh, a little deteriorated, and they go, when are you gonna restore it . And they dont seem to see that theres value in a car thats just hung around as it was. Right, right. Like, for example, you. Yes. You know, are original and unrestored, right . Thats right. Ive been wearing these clothes since youve known me. Thats what keeps your value. Exactly. If there was such a thing as a Porsche Supercar in the 50s, this would have been it. The guy who specd it in 59, he got a speedster seat for the drivers side. He got rsk brakes and wheels. He has a special intake to cool the air into the carburetor. Oh, ive never seen those. Yeah, he was trying to make a light, highperformance touring car, and the car was barely used. Thats the other amazing thing about it. Its only got 13,000 miles. And experts say all those factors put the value of this car at well over a million dollars. And i got this because of you. The guy had it his whole life, and he didnt want it to become an auction football, so he calls jay, and jay called me, i dont know why, and well, i knew if i had bought this car, seinfeld would never forgive me. No. Hes the porsche guy. I like porsches, but i like other things too, like women and steak and things like that. Yeah, no, not me. But you, youre just porsches. No, i sleep with porsches. I eat porsches so i know if i bought this car, it would bethis would be seinfeld, doh [laughs] dagah youd be just pulling your hair. I would. So i said, i gotta call jerry, and of course, you jumped on it right away. It is the greatest car ive ever found. Now, tell us about this one. cause this car was quite controversial. Yes. This is the controversial speedster. People thought, why would someone pay so much money for something thats gonna need a restoration . And my whole point was, its perfect exactly as it is. Yeah. Engines never been apart and it still runs strong, and its got 99,000 miles on it, so im gonna be the one that turns it over. Oh, thats cool. Yeah. You get in a car like this and you see how wellmade it really was. So which of these three cars attracts your interest . This is the color of my brothers speedster. When my brother got back from vietnam, he bought a speedster for 800. Wow. So lets take this one for a ride. Great, lets do it. This will bring back some memories. Is that cool . [rock music] its action jerry. I could never wear sunglasses. I love your sunglasses bit. You did it on my show. I cant stand sunglasses. Whwhy not . cause i go, what does it look like now . No. I dont wanna be fooled. What does it look like now . [laughs] its not really green. What does it look like now . Mm, what does it really look like . [unintelligible] [both laugh] this is fun. [mellow music] [laughs] [horn honks] its okay. Were comedians. [laughs] we can run red lights. Were comedians. The only way you can be a comedian now, a young person, is, you pour your guts out onstage of whatever your pain is, whatever your, uh, trauma of life is. Right. Or you could just be funny. You know . [laughs] were gonna take a right up here at the end of this. It shifts very nicely, doesnt it . Oh, very smooth. Theres not a rattle or a squeak in it. No, no. Im gonna show you the greatest road. You will now live on this road after. Wow. Coming up, jerry and i discuss the finer things in life. You know, this is a bit like, uh, Cindy Crawfords mole. Excuse me . And Patrick Dempsey shows me what gives him his racing edge. Youre so alive that you dont think about anything else, and then you go bang. [engine revving] [engine revs] i love you, basement guest bathroom. Your privacy makes you my number 1 place to go number 2. I love you, but sometimes you stink. Febreze air effects doesnt just mask, it cleans away odors. Because the things you love the most can stink. And try febreze small spaces to clean away odors for up to 30 days. Breathe happy with febreze. [mellow music] i am really enjoying this drive. [horn honks] Jerry Seinfelds taking me out in his unrestored porsche speedster to show me why he loves it. The key to driving is having the right car on the right road on the right day and being in the right mood. You have four elements that make a great drive, and i think weve got all four today. Exactly. So when did you start actively collecting . The first old car i bought was a 58 speedster, the same color as this one. Right. I bought it in 91. I was looking through hemmings in your kitchen. Right. In the same house youre in now. Right. And i bought it cause i thought it was pretty. I thought it was a great design, interestinglooking shape. If i only could have one sports car, it would be a speedster. Steve mcqueen drove one of these. James dean raced one. Yep. In the 50s, this was the cheapest way to go racing and you could win. Whatever free time i have, i wanna talk about cars, look at cars, drive cars, read about cars. Yeah, me too. And i dont bother with all the other [bleep]. You know . Theres so much [bleep] that i have no interest in. Right. Thats whats fun about doing this show. I dont have to pretend to like the movie. Right. Oh, yeah, you were fabulous. [laughs] oh, you were really good. But what made you make the leap to allin porsche . Minimalism. This little car is the essence of sports car perfection to me. A graceful, aerodynamic, efficient, small car. Right. Theres no stupid lines on a porsche that dont make sense, that are there for no reason. Right, and the 50 thing, you realize all that gimcrackery and the big fins and all thatthey tried to say that the big fins stabilize the car. Yeah. All this kind of phonybaloney. Right. cause everybody wanted a jet plane, you know, cause of world war ii. That was just what it was. It was just gimcrackery. [laughs] [upbeat music] now, when we did your show, you had that, uhwas that a the gmuend. The gmuend. Was that a 481948 . That was a 1948. That was the oldest originalcondition porsche in the world. Wow. Whichand you can see it right now by typing in comedians in cars getting coffee. Oh, there you go. I have to do that. Yeah, and you can leave this program instantly. [laughs] itll be another couple of decades and then itll be just pod modules moving around. Yeah. Carsll be like horses. Theyll be luxury items. Yeah, you know there are more horses now than there were during the civil war . You always know stuff like that. Its true. Is this the greatest road . The greatest. Look at this. Dont you think youre in sicily now . Look at this. Yeah, its fantastic. You dont wanna miss a turn here. No. Remember that joke you used to do about looking into the canyon . People in california go, oh, its beautiful. Oh, look at the view. New yorkers go, you know, i could kill a guy here, man. Youd never get caught. [chuckles] [dramatic music] so be honest. Do you get this car . Oh, yes, of course i do. This is a greatrunning little car. As you know, old cars that are still around are usually mickeymoused. Right. Or theyre badly restored. Nobody did anything to this. Yeah, you know, this is a bit like, uh, Cindy Crawfords mole. Excuse me . Its beautiful, but theres an imperfection in it that makes it desirable. It has overcome odds. Like a comedian. Yes. Youre never really gonna make it, so why are you going into show business . No, its not possible to be a comedian. Yeah, its not possible, but its the same type of deal. It is very much that. I do feel that. Well, jerry, this is a perfect day. We have the perfect road, the perfect car, the perfect companion. And you threw in the word gimcrackery, which i havent heard since have you not heard gimcrackery . I have not heard gimcrackery in quite some time. Yeah, yeah, well, thats what it is. Its good with velveeta, by the way, gimcrackery. Lets get this baby home. A day like today is exactly the reason you keep a classic the way it is, and jerrys not the only one who feels that way. You know, for decades, people have been rebuilding their vehicles to show off at car shows, but recently, attention has turned to the rare untouched barn finds, and at the most prestigious auctions, these automotive works of art, ones that look like theyre beyond redemption, are now pulling in some of the highest price tags. 650,000. [cheers and applause] [rock music] like this car. This is a 1969 dodge daytona. This is the kind of vehicle that caused a lot of people to get divorced. [both laugh] i havent had time to buff it out yet. Yeah, yes. When you went to the auction, there were a lot of other guys bidding on this . Yeah, well, therethere were a few. How far overcause people walk in and, im not gonna go higher than this. Did you go higher than this . No, no, i went, uh, less. Come on, the wifes not watching. Tell me. No, i wenti went they said it would go between 150,000 and 250,000. Yeah. I paid 90,000 for it. Well, thats pretty good. Its a bargain. Thats not bad. Its a bargain, honey. The interesting thing was, at the auction, over here were all these restored beautiful hemi challengers, hemi cudas. Everybodys walking right by them to take pictures of this, and thats when i said, thats the beauty. It needs to stay just like this because people love to talk about this car. Yeah, this car was a variation of the dodge, but it was made more aerodynamic to run on talladega and all the big circuits, correct . Yeah, because after losing the daytona 500 in 1969, two months later, they said, we have to build a supercar. So they had six or seven months to go through an entire Crash Program to build this car. Thats why you see in some areas like here, a lot of bondo was on the car. Yeah. Because they really put these cars together and thats factory bondo. This is factory bondo, which is very expensive bondo, i suppose. Yeah, and thats gotta stay right here. Yeah, dont move that. Thatsyeah, that no, no, normally you just go like this, but, no, thats gotta stay right there. All right, theres your 440 magnum, original color. Everythings original. The hoses are original. Yeah. The hose clamps original. The alternators original. And when was it taken off the road . What was the last registration sticker . Do you know what year . In 1974. It hasnt been driven since 74 . Right, and we know that because its got 1974, um, girlie magazines inside. [playful music] oh, okay, there you go. And we found nice, lacy panties. Are those really nice, lacy panties . Really . You know, you need to get out more often. I dont know what kind of women youre dating that you think those are nice, lacy i think, in 1974, these were prettythey were nice. Yeah, thatthis woman is probably 75 years old. Uh, hold em up again. Ifif youre the young lady that owned these, please contact dr. Jim norman. [laughs] yeah, yeah. Please, dont. [laughs] [mellow music] one of my favorite parts of the car, of course. Yeah. Is this. See. The fungus here. Oh, yeah. That adds a lot of aerodynamics. And the nice thing is, if you breathe enough of this in, youll be dead in six months. Exactly. It is fascinating how the hobby changes. cause 25 years ago, if you showed up with this with a show, theyd kick you out. Yeah. Now you can win the show because its a nice original, unmolested car. Yeah. Well, uh, congratulations on having an understanding wife. [chuckles] thatsi dont even want to put the dirt on my finger cause i would probably lose 2,500 withthats dedication. Thats thats a tetanus shot right there. Cool, cool. [laughs] coming up. Its got so much pull. Patrick dempsey drives really close to our camera car. [engine revs] [laughs] wow, right on the edge. [engine revs] [mellow funky music] the car im driving right now is a 1971 porsche 911t. Its a oneowner car. I found this in beverly hills, of all places. The owner bought it new in 71. In the 90s, he parked it in his mothers condo underground. It just sat and sat and sat but in a dry, dark environment, so thats why everything stayed pretty nice. The porsche 911 was introduced in 1963 as a more powerful, larger replacement for the porsche 356. This is the way you want to find one of these. Its just a wonderful driving car. Light and nimble. [rock music] and since porsche has always focused on speed and handling. Here we go. Im meeting a racing expert at willow springs. Were gonna check out a variety of untouched 911s to see how that evolution has continued. Patrick, how are you . Great to be here, jay. Thank you. Gorgeous. Beauty, isnt it . A gorgeous car. Patrick dempsey is one of the most recognizable faces in hollywood and also one of the nicest guys, with starring roles in both film and tv, but hes also made a name for himself in the racing world. Hes got his own porsche team, and last year, dempsey racing took the podium at the 24 hours of le mans. Theyre in their natural habitat. They are. Perfect for california. This is beautiful. Whats this color . Uh, thisi think baby poop brown, the unofficial color, but. Babyyeah. This is the one to have, obviously. This is the holy grail, really, right . Yeah. This 1973 Porsche Carrera 2. 7 rs is basically a race car for the street. Built to meet motorsport standards, it has a larger engine, 2. 7 liters; a stiffer suspension; and wider rear wheels and fenders than the standard 911s. Its, what, 210 horsepower . 210 horse, and its got a little thinner sheet metal, and its got the houndstooth interior. This is it. I mean, this is the essence, to me, of what porsches about, right here. Well, you race porsche, so. Yeah, was on the podium there last year. Yeah, is that better than the emmy . Absolutely. Yeah, yeah, yeah, it is. At least you know you have something there. Yeah, yeah. Yeah, no, its not subjective. Yeah, thats right. This is probably the rarest and the most valuable modernera classic porsche. With only 1,500 of these produced in 1973, this Porsche Carrera is estimated to be worth nearly. [cash register dings] a million dollars, and a big part of that price tag is due to the fact that it is mechanically original. Lets take it for a ride. All right, then. [soft dramatic music] [engine turns over and revs] in hopes of keeping this beauty original and considering its sixfigure price tag, were gonna take the course nice and easy. It pulls nice, doesnt it . Yeah, very nice. Yeah, the question is the braking. I dont trust the brakes necessarily either. What . I just wanna roll through these corners. Theyre tricky cars to drive, uh, on the edge. [tires squealing] see the understeer there . Yeah, yeah. [laughs] thats why i dont like to race the vintage cars. Theyre not safe. Right. But, see, you never got into racing ever. If i started to race, now thats my job. Okay, now my career suffers, and i think you can identify with this. You know, youre trying to do your acting job, what is the thing with that clutch . Patrick . Huh . Oh, yes, yes oh, my god, the patients alive you know what i mean . [both laughing] youre thinking aboutyoure thinking about your clutch problem, whatever it is. Its like, i dont wanna make my hobby my job. Right. [upbeat music] you know, the thing about these cars is, they kind of sit in collections and they dont get driven, you know . Yeah. And theyre so valuable that its a shame they cant be driven the way theyre meant to be driven. You can feel the car has a lot more power behind it than what we wannawhat we can do right now. Now, where did your whole interestdid it start in high school . Yeah, my dad was a big fan of racing. Oh, is that right, yeah . Yeah, he grew up in maryland. Heyou know, he was part of that generation of the moonshine runners. Right, right, oh, yeah. Which was really fascinating, and he had a shorttrack car, and on friday nights, he would bring me a matchbox car home everyevery week. Yeah. His passion for racing was mine, and, you know, thats always something i loved as a kid, and i think thats why i like the racing so much. It reminds me of that, uhof that time in my life. Is your dad still with us . Uh, he passed away when i was about, uh, 17. Aw, im sorry. Uh, and, um, i think he would have loved the racing. He wasnt too keen on the acting so much, but. Well, im sure hes watching. Absolutely. Yeah. Was it always european cars for you . Yeah, ive never had an american car, actually. Really . My first big job was cant buy me love. Right. And i spend my entire paycheck on a 1963 356, and that changed everything. [laughs] [engine humming] you know what we should do . Lets take this back in. Id like to see your skill as a race car driver. All right, i think the next car, were gonna enjoy quite a bit. I think the next ones gonna be cool. Now, original, unrestored doesnt have to mean old, right . Sometimes it could be six weeks old. Oh, look at this. Here we go. [dramatic music] the folks at porsche were kind enough to lend us the direct descendant of the 911 rs. Out with the old, in with the new. A 2016 911 gt3 rs. Like its predecessor, this latest race car for the road has a flatsix engine, but this time, its 4 liters. And this is also original and unrestored. [laughs] i mean, its brandnew. Lets take it for a ride. This should be fun. [engine turns over and revs] [engine revving] its got so much pull. [engine revving] now well get a chance to see how Patrick Dempsey really handles a race car. [laughs] you feel the 40year difference. Oh, my god, the between the old car and the new car. Its amazing, isnt it . The rearwheel steer is a big difference on this car. Yeah, thats right. This has got rearwheel steering. And believe me, this new Technology Helps shave seconds off of every corner. [engine revving] [laughs] the rear end just comes around and sets really nicely. Boy, it does. It feels like afeels like its got a center post in its turning. [tires squealing] [laughs] wow, right on the edge. I mean, thats really amazing. God, i just love this car. Theres Nothing Better than racing, especially when youre in a good battle with somebody and youre, like, this close to somebody. I mean, youre going as fast as you can. Right. And youre trying to get by em, and you got people in different classes behind you, trying to get by you. Your Situational Awareness is, youre so alive that you dont think about anything else, and then you go bang. [engine revving] [laughs] yeah, thats you know, its amazing what a difference 40 years of engineering evolution can make, and theres nothing like having a professional porsche driver demonstrate what these can do. There you go. Oh. Patrick, thank you. That was a lot of fun. Jay, thank you. Its been a pleasure. Youre a real race car driver and a movie star and a tv st you got the whole thing going, so congratulations, my friend. Youre living the dream. Thank you. Im having a good time. Thanks again. My pleasure. Thank you. Thank you, buddy. Coming up. You cant beat a prettier car than a 41 caddy. No, its beautiful. Cadillac King Phil Maloof shows me how to cruise the strip. You like the white sidewalls . [engine revs] i love you, droolius caesar, but sometimes you stink. Febreze car vent clip cleans away odors for up to 30 days. Because the things you love can stink. [upbeat music] it takes a certain type of person to live in vegas. And youre gonna meet one of the originals. Well, ill be. How are you, phil . Im pretty good. Good to see you, my friend. Oh, hey, you look pretty good. You lost weight, huh . Well, yeah, i lost weight. Yeah, thats me. Phil and the maloof family made their fortune owning sports teams and casinos and distributing beer. But forget that. Its his collection of nearly 200 cars that im interested in seeing. I love the classics. I love the white sidewalls. I love the twotone. I love the metal. These new cars look like women without chins. [laughs] you gotta have a chinexcuse me, you know. Thank you. Well, i think i got the chin part covered, huh . Im okay. Youre okay. Yeah, yeah. I dont like all this hair the womens hair, straight, straight. Why dont they cut it and turn it around . [laughs] like they did in the 30s. Yeah, yeah. I say, whos their hairdresser . You dont have to have a hairdresser. You know, thats the first thing is say when i see a woman, whowho is the hairdresser here . The hairdresser. What are you doing . Talk about hair. Yeah. Im 89 years old. Right. I still have my hair. And, you know, you are older than sliced bread. You know that . Sliced bread, but sliced bread didnt come in till 27. I dont like the bread. I like wheat bread. Forget the white bread. Everybody out there, get wheat bread. Yeah. So your nightmare would be a waitress with straight hair bringing you white bread. Oh, my god. That would be a horrible thing, that would be. Id rather be dead. Youd ratheryoud rather be dead . Yeah, ii dont know why theyugh. [both laugh] [dramatic music] over the last 70odd years, phil maloof has turned his love for classic cars into a massive collection. Everything from a 1937 custombuilt rollsroyce. [cash register dings] one of a kind. Notice its got the kneeling lady. The kneeling lady means its a v12. To a 1950 chevy. [cash register dings] still in showroom condition. So unspoiled, its still got the window sticker. This cost 1,200 when it was new. How much extra with turn signals . 15. 15 for turn signals. I dont know if im gonna spend that kind of dough. Yeah. But 75 years ago, the very first car he drove stole his heart. My favorite car is 1941 cadillac. Thats the year i started driving. Okay. I got not 1 but 33 of em. You got 33 . 33. I got the twodoor convertible. I got the fourdoor convertibles. You cant beat a prettier car than a brandnew 41 cadillac. Yeah, thats right, he owns 33 1941 cadillacs. You name it, hes got it. The coupe, the sedan, deluxe, convertible, hes got em all, and most of them are completely untouched. [cash register dings] and look at the beautiful white sidewalls. Yeah, yeah. And then here whereyou know where you put the gas . Is itlets see. There it is. Right here. There you go. There we go. Remember that . Yeah, i always thought that was cool. [laughs] but lookit here. Both gas rationing. Yeah. Uh, if you were a movie star, gary cooper or something, you got an a. Yeah. If you were a jay leno, you get a zero. You get a zero. Well, thank you very much. [laughs] thats right. But if i curl my hair, i can geti think i can get the a. Oh, yeah. [chuckles] okay. This one has only 5,000 original miles. Wow. It even smells. Whens the last time you smelled a 41 . I havent smelled a 41 for a long time. [laughs] i wanna show you what it smells like. [grunts] [playful music] you know, it smells like a 42. [laughs] but i guess its a 41, huh . 41. Yeah. This is probably the most extensive collection of one make of car ive ever seen, but to get a real sense of these cadillacs, you gotta take em on the road. Well, lets take this baby for a ride. What do you think . Okay. Old vegas in an old car. With and old man. With an old guy. Yeah, there you go. Im an old guy. [upbeat music] this the first time youve ever driven a 41 cadillac . I think it is. Yeah. Its beautiful. Fremont east district. I never been down here. This is really the old vegas, isnt it . It is. Yeah, thats right. So how have you seen vegas change over the years . Ive seen it change since 1958. Yeah . This was the first hotel in las vegas. Oh, yeah, the golden gate, yeah. And how much was the show dinner and a show in those days . Three 3. 50. 3. 50. And i says, i dont think i wanna go. Its too expensive. Thats funny. Driving around old las vegas in an old cadillac with an old guy transports you back to another time. Wow, she knows its a 41. Look at that, yeah. You like the white sidewalls . Love it. Yeah. [laughs] the fact that all the people that designed this car are dead. If only briefly. [chuckles] yeah, i gueguess thats true. Yeah. Well, phil, thanks for saving em. Its a real piece of history. I save em. Lets go take a look at your house. Yeah. Wait till you see my house. You cant miss it. Whii can miss it. I dont know what it looks like. Its gonna be ono, you tell me which is my house. Okay, i gottaim gonna try and figure out which one is your house. Yeah, which one is weirdo. Yeah, these all look pretty normal. Yeah, everything is normal here. Im guessing its this one right here. How did you know . Yeah, howd you could tell . Look, look, look, look. Look here we go. Look at that. Its one of a kind. I got a surprise for you inside. Uhoh. That your gonna say, wow. All right, i will say it. Whens the last time you went inside and said, wow . Its been a while. Its been a while, yeah, yeah, yeah. Here it is. Wow. I knew you were gonna say that. You thought phils collection stopped at cars . El wrongo, pal [organ music playing] you like statues . We got statues. You like pipe organs . We got those too. Wait till you see this. There. Wow. Well, phil, youve outdone yourself. Ive outdone myself twice. Look. Wow. Look at this guy here. You know what id like to do . Get somebody drunk and drop them off here. Yeah. But well save that for another time. Lets meet another unique collector. My experience with barn finds goes back to even high school. Remember going and looking in peoples garages and barns, pulling out classic cars, and these very personable experiences drive the passion for me and really for all classic car owners. My name is blue nelson, and i search the world over for cars for private collections. I really enjoy cars that have a story, and thats one of those things, you know, as a car collector, you kind of wrestle with. Do i make it exactly original, or do i preserve the story thats been given to me . [rock music] the plymouth has a very special story because my uncle had a neighbor, her husband had a heart attack and passed away in the late 70s, and the car remained in the garage, untouched, for a little over 30 years, and so he called me and he said, blue, you know, theres one of those old chryslers you love. We lifted the garage, and there was the car sitting there on flat tires under sheets and boxes and some other stuff. Thats when she said, i think the groceries will still be in the trunk. We all raced around to the trunk, and were trying tothe lock was kind of stuck, and we open the trunk and the groceries were still sitting in there. There was a box of cereal, which is still in the trunk now. I just left it in there. June came over and we opened the door and she sat inside, and she pulled out a photo album, and there were pictures of her on her honeymoon that they took in 1949 when the car was new. It was very emotional because she hadnt seen those pictures since her husband passed away. And so every time i drive the car, i see a picture of that day, and im reminded how lucky and fortunate i am to be the next caretaker. [country music] and blues luck hasnt run out yet. Hes got a line on a barn find down in san diego. You would never know whats in there is pure gold. Today im picking up a 1953 porsche coupe. Its called a prea porsche. These cars, even restored, are worth more than 1 4 million. Itd be funny if i open it up and it was, like, a honda accord. [both laugh] [whistles] okay. [drumroll] oh, wow. Look at this oh, boy. Yeah, dont scratch it. [all laugh] wow. And this particular porsche has been put away for about 50 years now, untouched, and no ones seen it. I wasnt even born when this was registered. [both laugh] to see it in this shape is the best thing because once you wash it, it just slowly turns into every other car. It took Mother Nature 50 years to get to this point, so why rush turning it into Everything Else that happens in 50 minutes . Yeah. Uh, yeah, go the other way with your wheel. Hold on for a second. Were moving. Go slow, go slow cause i gotta just go slow cause i cant steer. [all laugh] its fascinating to see this window into the past. No way oh, man its a whole family of ra weve got a couple nests here. Uh, no, that rat is not gonna be restored. It is completely original. This is fantastic. Imi am the luckiest guy around to be able to be the person to do this. It doesnt get any better than this. I mean, that is a bitching car. [door clatters shut] coming up. What do you get when you take a 1927 bugatti, throw it in a lake in switzerland . This is one of the best pieces in our whole collection. The lady of the lake. [engine revs] [mellow music] the peter Mullin Museum houses the largest collection of privately owned bugattis in the world, and peter mullin has dedicated his life to bringing these cars back to the way Ettore Bugatti originally intended them. But the story of how this 1925 bugatti brescia got here, well, its even crazier than it looks. You look at this car, and it looks like maybe it needs to be in a junkyard. Well, it isnt. Its a piece of artwork. [playful music] in 1934, it was owned by a very famous race car driver called rene dreyfus, who had won the million franc race in 1937. He was a person who liked to gamble in addition to, uh, racing cars and was playing poker with a gentleman named bode, who was from, uh, switzerland, and mr. Dreyfus put up this car to cover his bets. Well, mr. Bode had a much better hand. Mr. Bode took the kitty and headed home. He was stopped by a border guard. Welcome to switzerland, and you owe us a ton of money. The taxes had not been paid on that car for many, many years, and the taxes were actually much more than the car was actually worth at the time, and the rule in switzerland was, if the car was not worth as much as the duty that was owed on it, property was to be destroyed. So the concept was, lets sink it into lake maggiore. [water splashes] [dramatic music] the car remained submerged until 2009. When a local dive team decided to pull it up and auction it off for charity to prevent youth violence. The diver that discovered it saw that it was laying on its left side, and thats why the left side of this car is preserved because it worked its way underneath the bottom. Well, it wasnt long after it surfaced before deeppocketed bidders set their sights on restoring this piece of history. Peter saw this car, and he says, no, no, no, this car is a piece of artwork. It was created by one of the best minds in the world in terms of automotive engineering, and then it was further created by Mother Nature. You got two of the greatest artistes, if you wish, in the world that created this. So he ended up paying over 300,000 for this car, ten times the amount of money that he wanted to pay, to keep it in the condition that its in. Thats some serious dedication to preservation, and it looks like it paid off. In my opinion, this is one of the best pieces in our whole collection. The people i take on tour come in here, and they look at the car, and they go. [sighs] and its kind of like the first time you see the mona lisa. [big band music] buckle up, folks. Its time to assess caress with donald osborne. If you love classic cars then donald loves you [cash register dings] [bell dings] once again, we are back with our original and unrestored appraiser, uh, donald osborne. Do not attempt to adjust the color of your set. Those are turquoise pants. Donald, how are you . Im just doing terrifically, jay. Thank you very much. Good to see you again, my friend. Now, we have three cars here. Tell us what we have. We have a 1959 nash metropolitan. Mmhmm. A 1967 panhard 24 bt, and a 1967 imperial crown coupe. And the thing these three cars have in common is what . They have not been restored. Lets start with the nash metropolitan. Okay. This is the first what we call captive import, built entirely in the uk with british mechanicals and imported and sold only in america. This would be a classic barn find. You see that the upholstery is slightly burned and may have had some animal inhabitants at some point. Right, right. Uh, the paint is toasted off of the car. Obviously, the surfaces here are beyond preserving. Yeah. And you couldnt sit on that interior. Lets move on to our second car. This particular panhard was the last gasp of one of the oldest Car Manufacturers in the world, panhard et levassor. Right. Started at the turn of the last century and indeed actually gave us the modern motorcar. The Systeme Panhard was a frontengine, four wheels, rearwheel drive. This is a totally original car as it stands now. The surfaces are the original surfaces. This paint actually might polish up to a certain shine. Eh, i tried it. [laughs] ah. Didnt really polish up. Okay, well, its polished up now to a certain shine. Right, right. Uh, the interior is complete. There are a couple of tears and rips, but it is as it was manufactured. Couple of splits in the dashboard. Yeah, and it gets about 40 miles per gallon. Its an excellent car, unless you get hit by that car. Jay, all you need to know about europe and america is to compare these two 1967 cars. 1967 france. 1967 usa. And the funny thing is, its aits a sport coupe. [both laugh] its like, this is the sporty model. These were so overbuilt. When i was a kid, uh, they used to have the demolition derbies, and if you showed up with an imperial, nine times out of ten, youd be banned because you had an unfair advantage. They were so heavy and so strong. This car is virtually original. The interior is completely original. Some of the body panels have been repainted. Right. As was necessary with little scratches and fender benders and things like that, but this is a car that has always been loved, maintained yeah, this car was owned by a movie producer. When i went to see him, he was wearing an ascot and a smoking jacket. He was waiting out front of his garage. He was in his 90s then, he couldnt drive anymore, and he had with him a man in his 70s, and he said, jay, this is my mechanic. He serviced the car once a month at my home. So he goes, if youif you get this car, you gotta take all this crap with you, and he opened the garage door next to me. It was filled with extra bumpers and wheel covers and every part he needed in case he ever had an accident. That is the kind of passionate connection with a car that collectors really love. Well, lets see. Now, we have three cars. Which one will go up the most in value . Im going to pick the imperial. Youre gonna pick the imperial . Mmhmm. Okay. This and more after a brief message from our sponsors. Female announcer this is that Nash Airflyte rambler youve been hearing about, americas first really sensible rattleproof convertible. Its something absolutely new with features youve just got to see for yourself. So why dont you stop at your nash dealers now and get acquainted with the lowestpriced fivepassenger convertible on the market . Youll love it. For more cool cars, go to and were back with donald osborne. [bell dings] all right, donald, which of these vehicles has appreciated the most . The metropolitan, in this condition, which is a restoration candidate this is not a preservation car. This is not something that you just want to sort of polish up and move along. Even though your good friend Jerry Seinfeld recently bought a car in similar condition to this, a porsche, its really not the kind of thing that you want to celebrate. Five years ago, a car in this condition could have been purchased for about 6,000. Today it would probably cost you about 8,000 to buy one. Well, the interesting thing is, i got this for free. A lady called me and said, its been sitting in my driveway for years. It doesnt run. Do you want it . But see, unlike jerrys car, it didnt run. It hasnt run in years. Jerrys was mechanically perfect. It just had patina. The panhard is next. Five years ago, a car in this condition sold for about 12,000. Today a car like this would sell for around 9,000. You think its gone down. Its actually gone down in value a bit. Now lets go to the imperial. Now to the imperial. Five years ago, a car like this might have cost you 15,000. Right. Today 28,000 would be the price to pay for a car like this. You were right. Ah. And if i might step out on a limb, i would say, of these three cars, the imperial has the best potential for future appreciation. I would say, with those turquoise pants, you already stepped out on a limb. [laughs] donald, thank you very much. Thanks, jay. Whether youre a guy who likes a handcrafted car thats never been apart. Its perfect exactly as it is. Someone with a taste for vintage speed. See the understeer there . [laughs] or maybe you just love the archaeological thrill of unearthing a car that hasnt seen the light of day in decades. No way one things for sure. These new cars look like women without chins. A fine automobile can get better. People love to talk about this car. And more valuable. He ended up paying ten times the amount of money that he wanted to pay. When left original and unrestored. [horn honks] what does it look like now . Huh . Whats it look like now . Its true. I cant stand it. [laughs] were live for the very last show of 2017 it is absolutely freezing outside but the guys behind me are warming up while they are doing that, here is whats coming up on the show. Crude oil just hit its highest level in more than two years and the chart master says it could create a boom hell break it down. Plus thats what volatility was like this year and its created a phenomenon on the Options Market well explain. And later mikes figured out a

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.