Are used to today. Safety features werent exactly standard. You dont want to be in the frontend collusion in this. Oh, yeah the whole safety thing and most of us dont have a money to own one. Can drive it later. [laughter] jeff i dont want to get used to it, i drive a ford because thats all i can afford. But for a car lover this is almost like a dream. Quite frankly the stuff that i see when im sleeping and my eyes are closed. Jeff Fox Business Network goes to the pebble beach concours delegance. Hi, im jeff flock and for the next hour we will show you up close and personal some of the vehicles. I tell you theres a new appreciation for these vehicles, we talked to young people who say they loved these old cars, yeah, they dont drive themselves, yes, they are not electric but they are rolling works of sculptor. Some of the most expensive sought after cars in the world. Modern cars to my mind are appliances and theres nothing wrong with having a Great Appliance but they dont make my heart beat. Jeff its a competition, the rarest most well resourced, very best example in the history of a motor cars. Through the mountains, valleys, rocky coast of monterey peninsula, nature, manmade creations through it, mcs. Lets see the cars drive, thats what Everyone Wants to see. They a do drive. Some people dont realize that, that these vehicles are all in driving condition. Is that a ferrari over there . Yes, its a ferrari. These were race cars. Jeff phil hill the only american formula one World Champion but his interest in the classics that turned this show around more than half a century ago. It used to be these kind of car shows all celebrated new vehicles but the older ones that we are looking at here, i mean, thats just incredible, isnt it . Thats a packard. My father loved packards and sort of my accident. He restored his 1931 chris arrow and he was able to bring that up and he won the road races that weekend and won best of show and that was the first year in 1955 where the show started looking at older cars that were now being honored as best of show winners. Jeff youre looking at a 1928 bentley and it is the pride and joy of rob kaufman. Thank you very much, great fun car. Jeff can relieve yeah, we got in. Great for 24 hours of a month, thats what this car was made for. Jeff what drew you to this vehicle, you have choices, why this one . You know, its hard for something to make it 90 years without it being messed up. Ititit was restored, the originl parts, the engine it was born with, redone, modified and thats sort of unusual. Jeff i am sitting in the backseat of 1907 napier. Looks like it same off the show. It looks like but its very original. It has huge engine, very, very strong engine. In those days they made speed records and the speed records kept for 15 years. Jeff napier made by British Company 24 Miles Per Hour in 1907, world record that, indeed stood over a decade. My passion is to keep everything very original, dont change it, it should be there like it was in 1907. Jeff this is the french built with custom body, the owners brought it from halfway around the world to compete here at the concour. This has come from switzerland, these are the proud owners, why did you agree to bring the car . Its a great opportunity to participate in this event, i always wanted to go as visitor but when youre invited to come, thats great. Jeff what do you what drew you to this car . First the looks, looks great, then history and its quite rare, its not like ferraris, everybody has a ferrari. Not everyone has the ferraris jeff one to have reasons why it attracts the rarest and best cars in the world to be judged by the most expert judges steve broward is one of the judges. 1933. 1933. 12 cylinder sedan. Jeff collects the big American Classics like packards, cadillacs and this. If you have a hispano suicia, you likely have the man who wrote the book as a judge, the greatest judging book in the world. Jeff the fame of the owner does not get your car in pebble beach concours delegance, now if your car is famous. People ask me how do i get my car in pebble beach, im a famous guy, do i have to right the buy car. I would say its all about the car. It is a place where both the cars and the car owners are driven. When they bring a car to pebble breach they beach, they are completely prepared, someone successful in life, worked really hart, detailed oriented, has a passion for the car, not just engineering but the history, the colors, amazing how they get into it, they did that so well in business because they were like that as well. And with that the engines fire up for the rest of the tour elegance. Visceral experience for sure. Jeff as the rolling cars roll up we take you to kickoff in monterey, the original hanger party, beautiful cars and people. Somebody that loves cars one way or another, are they here and the answer is they are it took over 100 years to perfect this masterpiece of italian design and performance. And about 15 minutes for us to paint one neon green and do this. Blends right into the italian architecture see everything you should never do with an alfa romeo. Then experience everything you should on the road now. Wellqualified lessees get a low mileage lease on the 2019 Alfa Romeo Stelvio for 379 a month. Most people think as a reliable phone company. But to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. Jeff beautiful cars, beautiful planes, beautiful people, it is unofficial park of the concours. The brainchild of gordon. 28 year of putting the party together, we pioneered the concept of bringing aviation and automotive interest together. Jeff many people do so on private planes, so combined the lush Red Carpet Party of its kind for those who can afford to be there. You could collect stamps or something and then you could have your entire collection in a book this size or you could collect cars in which case you have a bigger offering, let me put it that way. Peter would know, museum in california which houses the finest collections of french cars in the world. It perhaps goes without saying that collecting classic cars requires great resources, but turns out also its not bad investment. You can collect coins, you can collect furniture, you can collect stamps, you can collect gold, so which of those collections have grown in value over the last 10, 15 years, the answer is collectible cars have led the pack more than any other single collectible item. Jeff when it comes to making money the keys are scarcity, pedigree and possible fame. This is the worlds most famous car. Undoubtedly. Jeff it is, right . Yes, 100 , this this is the s Ashton Martin. Jeff im told this has 13 different gadgets, we didnt see them all in the film, i dont think. Quite amazing the car built by Ashton Martin with those very gadgets. As you saw here, the bullet proof screen. Jeff what else am i looking at here . Smoked screens, the machine guns do in fact, bang and do repeatedly. Jeff the james bond car sold for 4. 6 million. Why . First and foremost it is a dv5, a beautiful stunning car on itself. Jeff pedigree. To have the film, authenticated by the factory, in an auction standpoint thats opportunity quite frankly, one of the opportunities not to be missed, again, the most famous car in the world. Jeff while the bond car was restored theres another trend in collector cars leaving worn enough alone. Allen continues our tour. Okay, we all know what the logo is, but i tell you im drawn to the seats, look at the seats. Thats the originality you cant replicate, its meant to be that way and in our humble opinion its a darn hard thing to restore. I believe thats the only remaining california spider that level of originality to it. Jeff another example of increased value, this Ashton Martin db2. Looks like it came out of a barn. Right. Jeff it did . Its original 1 and has so much character, tells a story, incredible by charming and as we say if you were to restore it thats irreversible decision. Jeff later we will take you inside the Good Company Auction and what was the biggest auction winner of the week, but next up while the concour is all about the classics, the great past cars to have past, the worlds most exclusive automaker use to take wraps of new car that hopefully one day your children will treasure. When we come back we take a ride in a car built in mexico by a in a car built in mexico by a Mexican Company and its sure, the contents easy. But then you have to connect, download, edit, reformat, output, save, send, upload. Still uploading. And maybe eventually post. This isnt working. Introducing samsung business video solutions. With the galaxy note10, you can shoot, edit and post thumbstopping videos, all from one device. Samsung business solutions. Car vending machines and buying a car 100 online. Vented now weve created a brand new way for you to sell your car. Whether its a year old or a few years old, we want to buy your car. So go to carvana and enter your license plate, answer a few questions, and our technowizardry calculates your cars value and gives you a real offer in seconds. When youre ready, well come to you, pay you on the spot, and pick up your car. Thats it. So ditch the old way of selling your car, and say hello to the new way at carvana. What are you doing back there, junior . Since were obviously lost, im rescheduling my Xfinity Customer Service appointment. Ah, relax. I got this. Which gps are you using anyway . A Little Something called instinct. Been using it for years. Yeah, thats what im afraid of. He knows exactly where were going. My whole body is a compass. Oh boy. The my account app makes todays Xfinity Customer Service simple, easy, awesome. Not my thing. And now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Absolutely, i think thats what we are, we are true to our history but at the same time when you look at concept cars, thats what its all about, the promises. Jeff making u. S. Debut, this is the bmw vision, the companys vision for the electric future, plugin hybrid with twin electric motors delivering 600horsepower. Bmw also unveiling a recreating version of legendary concept car, the garnish which went missing after it debut at 1970 geneva motor show. Jeff in an explosion of music and color rollsroyce revealed pebble beach 2019 collection, clients attending car week in m monterey, unveiled but already spoken for as well, the lamborghini, 63, named to mark the year the company was founded and theyre making only 63 and all of them are sold. Even a more limited edition, the 110th anniversary of bugatti, ceo gives fox business a look at a car only 10 people will be permitted to buy, also limited the top speed, thats 236 miles an hour, though, it could go faster without electronic governor. Engine with 16 cylinders, it has 1,600horsepower which is incredible. And if you cant afford any of the above, bmw also chose pebble beach to bring out the production versions of m8, starting at 133,000, the new flag ship model of bmw line lin. Clutch to press, brake to press. One of the most intriguing unveils comes from the Company South of the u. S. Border. We are getting a ride in something that i almost want to say guaranty you have never seen before. This is the only vehicle currently designed and built in mexico by a Mexican Company. The company is buhl, long u, street legal but a racer and goes very fast, 170 miles an hour. Goes 0 to 60 in 2. 7 seconds. Its called the buhl rr for road and racing and the brainchild of these two bears, echeverria brothers. Are youre right, jeff, we are proud to launch the buhl branch by the way. Vehicles of ultra lightweight and high performance. Kind of interesting niche, right, these are street legal cars but they go very fast. Yeah, i would say those are race cars for the road. After a subtle warnings. I suggest you play it jeff dont goof around. Took it out on the road. As far as you can tell its got the the power to the point that andy is saying, jeff, i hope you know what youre doing. Not necessarily, i didnt crash but survived to continuing the story of the vuhl. Youre the only one that are making cars in mexico that are mexican companies. Its the only one at the moment, mexican funding with mexican owners, my brother and i. Jeff have you had enough cars for the moment and need a short break, we got you. Youre looking at the first ferrari engine ever put in a boat and the man who owns it, milton. Wow. Its great, its great. One of find kind, it pushes 500horsepower which back then there was nothing more than around 300, 350, so inzo himself worked on this boat and they designed the the super chargers, the heavier magnitos so you could put 24 spark plugs. Just gigantic, look at it. Corroborators and all. Jeff not only is it a big engine, it set the world record back in 19 what was 1952o. Jeff of 150 miles an hour on the water. That is correct. Jeff thank you and thank you for the interest in preserving this iconic piece of history. Yeah, im actually considering selling it because ive had it for 7 years. Jeff youre willing to sell. For the right money. We are hoping to get 20 million. Jeff one of a kind, yours for 20 million or so, give or take. Give or take. Jeff coming up it was 100 years ago that wo bentley launched a car company and one of its own is a top contender for best of show, bentleys usco celebrates occasion by taking us for our ride. Enjoy working and in some cases im your 70lb st. Bernard puppy, and my lack of impulse control, is about to become your problem. Ahh no, come on. I saw you eating poop earlier. Hey my focus is on the road, and thats saving me cash with drivewise. Whos the dummy now . Whoof whoof so get allstate where good drivers save 40 for avoiding mayhem, like me. Sorry hes a baby now you can, with shipsticks. Com no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. Sending your own clubs ahead with shipsticks. Com makes it fast easy to get to your golf destination. With just a few clicks or a phone call, well pick up and deliver your clubs ontime, guaranteed, for as low as 39. 99. Shipsticks. Com saves you time and money. Make it simple. Make it ship sticks. Bentleys are cool, the worlds fastest truck as bugatti said. One hundredth anniversary to have bentley, that dates back to 1929, all the way to birth, this is a one from 28. This is from 1924 and you really got into the beautiful ones, this from 1935. Thats a Bentley Derby sports saloon. Next to that, 1927 bentley. 3 litter liter in that one, another convertible. This is a core liter dating back to 1931, this is the one we are driving and i think we will get a chance to and who better than the ceo of bentley today, about 100 years of this extraordinary automotive company. Is it hard when you have such tremendous history to live up to that or top that . How can you top some of those old bentleys that you see that are treasures . Yes [inaudible] consistent to our dna and combination of luxury and attention to detail, together [inaudible] to fall down, but if [laughter] its a very powerful car. Jeff bentley with resources of corporate parent volkswagen has strong lineup but struggled with sales, losses in the americas but gains in china. Right now despite fears about the global economy, things are good, yes . Yes, i mean, i can send [inaudible] so far its been good. Jeff the luxury market. The luxury market is very strong. We hope to continue this way. Anyway, what can we do about it. Still its hard not to love the old bentleys, in fact, 1934 competing with this plastic, lets meet the owners of this one and see what they went through to be here. Over the years the french have built beautiful vehicles and richard and melanie, love theirs, what is this melanie . 1938talbo lago and its a tear drop. They bought the car that it was restored and learned it wasnt a redo faithful. They actually researched the coach builder who grandson or son son. Son lives in paris and he had all the archives in his basement. Jeff this car . Yes. And so paul russell and his people, they went to paris i think 3 times and they researched what this car was originally was. We stripped the body completely down and mechanicals, power steering and engine, rechrome what needed to be rechromed . How long a process . The years. Jeff claims as the worlds finest restoration workshop, he and cars go back a long way. Having a ride in austin healy that was clearly built for entertainment and not for transportation. That kind of [laughter] that did it for me. Jeff the computer will never drive an austin the vehicles represent our technological heritage and i think its something to be recognized and preserved. Jeff which is now the only school in the country to offer a Degree Program in auto restoration. 21yearold blake is a junior there. From the beginning i picked up a paint gun, i fell in love with it, there it was magica. Jeff he got bitten by the bug and soon has love for restoring old cars. I thought that that was a totally unique experience, most people my age arent really into cars anymore and we are kind of unique at mcpherson college. Jeff donated a Million Dollars to the automotive restoration, as for their experience one of the most enjoyable aspects for me was the fact that melanie enjoyed it so much. Jeff still married and everything . I know, its worst than building a house. She hasnt seen all the bills, we may not be married for much longer. Jeff as for nate he has a message for fellow millennials that see cars like appliances than art . These cars are like nothing else on the planet and they all have a story to tell. When we come back we take frit the 1 to the third world of the auto world. We are looking at a diesel cadillac, mid80s, one of the worst cars ever made, finally something i can afford. 1965desoto, on top of truck. Jeff what possessed you . I wanted to do Something Different and i think we accomplished 1 in 5 people you meet wear dentures. Yeah. That many but right now, is not the time to talk about it. So when youre ready, search my denture care. Poligrip and polident. Fixed. Fresh. And just between us. And when you open a new brokerage account, your cash is automatically invested at a great rate. Thats why fidelity leads the industry in value while our competition continues to talk. Talk, talk welcome. Cars you could get a look at grease lighting from the movie grease and batman, the beatles and austin powers and being fully loaded and i think something that may be the best of all worlds. [laughter] yes, whats under the hood, jonathan. Just a Little Something, something. This car is not what it seems . Thats the whole point. The whole idea is as found, make people smile, no judgment, but enabling you to get out and enjoy it, so its classic transportation revisited in my modern concept. Modern car in every way except sort of by the way it looks. If you had a preset button, the volume out of control circuit volume, highend digital, its the best of both worlds. Jeff you get a door ding in the parking lot. Lighten up, pick your battle. Jeff what looks like a piece of junk to a real thing, quite a hood ornament. Its been called oil stain on the motor week in monterey. This is an old volvo with sticker on it perhaps you see, this is one in the category of swedish meatballs, others include japanese appliances, japanese cars, british, rust belt american junk, well, you get the picture. Is there a most rusted award because i will nominate this fellow, 1961 mercury. That was our finest ford product this year. 1946 chevy, 1 and a half tons, original work. He always wanted a unique truck. Is that a barbecue . Yes, it is. Jeff close to the feel tank and all . No, its on the opposite. Jeff could only get insurance if she only agree today drive it for shows, she actually drives it all of the time. Im not going to admit in any media that i use it anything other than for shows, show car purposes. Its our secret. Built to transport electrical mechanic and the funding ran out. Jeff thats an award winner. What did the gentleman do to deserve this award . He is well, he stayed all morning, so thats still here. At the concours delegance they spend millions and work for years to win an award. Here at the concours delegance entrance have a slightly different attitude. You have won an award i think hes won it in some jurisdictions. Just dropped the value of the car. Tremendously. Jeff what is this, by the way, sir . I cant pronounce it but i know the translation, the translation is small water droplets. It looks like more like an armadillo. Its pink on top of everything else. Oh, okay. You has this was custom. Jeff could this be a ferrari . Sort of. This is a 96 fierro. Jeff that would be the pontiac. We dont know what the owner was thinking or what he was high on. Jeff did you win it in a bet . We found it in ebay, it did not run, was sitting outside. You have different class awards but you dont want one guy winning four awards. Jeff really suck. I dont want to go into their head, theyll get a big head, we dont want that. Jeff we know where those guys are located, they are across town. We try to bring levity back. I think weve done. Jeff organizer of the chaos, alan puts it like this. You dont have to be a millionaire or billionaire to have fun here. Jeff especially if you own a yellow 1974 amc gremlin. How long have you had the car, sir . 5 or 6 years now. Jeff beauty. Did you lose a bet buying this or did you buy it on purpose . I bought it on purpose. Jeff next. 900, 1 million. [cheers and applause] jeff some more people buying cars on purpose. Thank you very much, indeed. Jeff no gremlins you dont use this old thing, do you . No or how bout this dinosaur right here . Nope then why are you still using a laser printer . Its got expensive toner cartridges. But this. Is the Epson Ecotank color printer. No more expensive cartridges big ink tanks. Lots of ink. If you dont think this printers right for you, just pick up your phone. chuckling . And give me a call. The Epson Ecotank. Just fill and chill. Available at. [ drathis holiday. Ahhhhh ahhhhh a distant friend returns. Elliott. You came back and while lots of things have changed. Wooooah woah its called the internet. Some things havent. Get ready for a reunion 3 million light years in the making. Woohoo yeah some people say thats ridiculous. I dress how i feel. Yesterday i felt bold with boundless energy. This morning i woke up calm and unbreakable. Tomorrow . Who knows. Age is just an illusion. How you show up for the world, thats whats real. Whats your idea . I put it out there with a godaddy website. Make the world you want. Congratulations. This is what it looks like inside one of the multiple auctions that take place during the week of the concours, the Good Company Auction, charlie ross next to david gooding. They are auctioning a porsche. In just a moment we will see what is the biggest winner to have auction week, the most valuable car to be auctioned during the week, but first i want to show you some of the other vehicles that are on auction this week. We really scourer the world. Jeff variety of french cars. 1962 satron and has unusual custom coach work, its called ladende. Jeff does it means what it means . Its a dande, exactly. All we have formula 1 ferrari that he won championship with. Jeff actual car . Yeah, two races with the car and overall championship in the season, first time it has come to auction. Jeff whats the significance of this ferrari . One of the most gorgeous we have. It was built to compete and in the tour of france rate in europe and won the overall race, quite a successful car. Jeff many of the cars are one of a car truly. One of a kind, its the only one in the world, 1953, 3,000 with a one off coach work. Absolutely stunning car, a show car all throughout europe. Yeah. Yeah. The one of a kinds are particularly valuable. Yeah, i mean, when they are one of a kind its hard for us to put a value, who is to say theres no comps, we have to look at other similar one of a kind cars and make comparisons. Jeff the auction continues back in pebble beach, as you can see maybe the dollars or the values are in both british pound, the euro and the swiss frank, this represents the buyers out there and what sort of money they all bring to the table, for now, lets take a break, we are going to be back in a moment with 44, thats what we think is going to be the most valuable car auctioned all week. I want to introduce you to that car right now. Jeff it is perhaps no surprise a ferrari. But this one is a 1958 california spider, only 50 were built between 1957 and 1963, auction boss david gooding, v12 engine born with important to collectors and restored to 1958 show room quality. Lot 44 of 1958 ferrari, long wheel base. Jeff this is the one we have been waiting for, ferrari, california spider, long wheel base, convertible. This has been meticulously restored, this is not the original color, though, although some people think the gray color is maybe more compelling, i dont know, but this is one because of the restoration rides and drives tremendously well, its the star of the show, we think. Lets see where the bidding goes. 3 million. 4 million, 5 million. Jeff this is one where we have bidders around the world both online, by telephone, as well as the halls of the gooding company. 8. 7. Jeff has met the reserve. We learned that it will be sold the cars dont meet reserve and not being auctioned without reserve, then they can be pulled back and not sold and looks like that may be it. 9 million. For the third and last time sold your car, well done. [applause] jeff two bidders one on the telephone, another folks in person, when they walked out of the hall it was clear the folks on the phone got it for 9 million so far the highest bid, the highest sale at the show. We are almost to the end of auto week on the monterey peninsula, that means one thing we are about to learn the coveted best in show, would it be ferrari mm and 1928 bentley, 1938 french talbo. Napier from holland, you are one commercial break away from finding out. Quite frankly nobody needs to be owning any of those cars. Really, you could argue all day long, do you need a beg vo the flock blindly falls into formation. Flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. Most people think as a reliable phone company. But to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. 2019 pebble beach concours delegance winner is 1931 bentley. [cheers and applause] jeff perhaps it was destined to be bentleys year on 100th anniversary of its birth, this one went 100 Miles Per Hour, bentleys first win in concours delegance since 1965. The 1938 talbolobo came up short. A lot of people did tell us they thought we had the most beautiful, quote, unquote, elegant, striking car there. Jeff take of class sales is what more than magazine called 145 million, a third less than last year. Even though is Ashton Martin 4. 6 million, the french from 1913 went 2. 6 million, 1930, model j sport snagged 2 million, the 78 ferrari, 312t driven by nicky, hit 6 million, california spider brought in 9. 9 million u. S. Dollars counting the buyers premium. Theres also evidence in new crop of aficionados maybing finding antiques as treasure worthy. We refer to them as youngtimers, cars of 80s and 90s, what poster did you have in your bedroom wall . Well, those cars are considered classic cars. We have jeff even the 80s . Even the 80s. Jeff will soon have a College Degree in the trade. Paint and metal work is something that i absolutely love. I want to do restoration work and i want to recreate and just be a part to have history of these cars. Jeff auto week here in monterey has come to a close. It really was an extraordinary gathering of car and car lovers and automotive history and comes in a time when experts say pretty soon cars will be replaced with the ones that drive themselves, the roar of the engine will be replaced by the silence of electric power, important to note, the gas powered engine in these cars revolutionized the way we get around the world, horses to motorized vehicles but also important to note that when that happened the horse didnt go away, it was simply freed from the tasks of plowing and hauling and daily commute, free to be celebrated for its beauties and capabilities, now its all about the ride and the race, something tells me that whatever happens in the future the motor car will be celebrated in the same way. Hope youve enjoyed our special presentation on Fox Business Network, im jeff flock at pebble beach, as they used to say at the old gas stations, happy motor