Granturismo Collection/Jon Hunt up for Auction

[Ferruccio]

SydneyBridge said:

First car, 1974 Rolls Royce, estimate at £20 - 30k, goes for £250k



Should mention, was owned by Freddie Mercury

And proceeds for Ukraine 🇺🇦

[SydneyBridge]

Ferruccio said:

And proceeds for Ukraine ????

Thank you, did not see that.
Think that was the only car that went for more than estimated

[mattf93]

birdcage said:

Same timing as selling Foxtons, nobodies fool

foxtons was sold a while ago?

[samoht]

mattf93 said:

birdcage said:

Same timing as selling Foxtons, nobodies fool

foxtons was sold a while ago?

wiki said:

Foxtons was acquired by private equity firm BC Partners in 2007 for £390m.

Remember what happened in 2008 ? The suggestion is that we're currently in a 2007-type situation economically, and Jon Hunt has sold a large asset just before a crash once more.

[mattf93]

quote=samoht]

Remember what happened in 2008 ? The suggestion is that we're currently in a 2007-type situation economically, and Jon Hunt has sold a large asset just before a crash once more.



[/quote]
buying the dip so to speak? such as property - or as you say staying in cash

[Jonny TVR]

[/quote]
buying the dip so to speak? such as property - or as you say staying in cash
[/quote]

You have inflation so your cash is losing money

[r o n n i e]

Would be a shame if his underground car carousel / man cave starts to look a bit empty.

[SydneyBridge]

That is hideous..
Bet a lot of palms were greased to get planning permission...

[Jonny TVR]

SydneyBridge said:

That is hideous..
Bet a lot of palms were greased to get planning permission...

My thoughts too

[Drclarke]

SydneyBridge said:

That is hideous..
Bet a lot of palms were greased to get planning permission...

If it’s underground i don’t think that bribes would of been needed?

[Cheib]

Drclarke said:

SydneyBridge said:

That is hideous..
Bet a lot of palms were greased to get planning permission...

If it’s underground i don’t think that bribes would of been needed?

I think when he built that it was before every man and his dog built massive basements. Much harder to get planning permission now because of some horrendous botched jobs and the disruption building them causes.

[GT4RS]

Drclarke said:

GT4RS said:

That’s clearly a investors scared of the falling market, whatever he can sell now will save him a lot of money in a few months.

Falling knife

So why isn’t he selling his houses then too?

It’s because your assumption is wrong

I’m sure he will walk away with a healthy profit selling now.

The man’s no mug. Markets changing and he will put his money elsewhere.

[f1ten]

Timing was key. He clearly feels now was the right time to exit quite a bit of metal. Whether he was a bit bored of some of it and had decided he had been there and worn the t shirt is possible but ultimately in focusing on the timing to exit. He wanted rid now presumably as he feels their values are going down now.

[Drclarke]

It is quite amusing that people think that a man of his wealth would be selling off a tiny fraction of his net worth on the chance they will drop 20% in value.

[mattf93]

Drclarke said:

It is quite amusing that people think that a man of his wealth would be selling off a tiny fraction of his net worth on the chance they will drop 20% in value.

I'm sure there are ulterior motives to the sell off of the collection, I believe he has still kept some things back. But I'm sure he has had a healthy return on most of the cars he sold anyway - regardless of what is happening.

I'm sure who he is had some swing on the property development but as some said this is a 'Super Basement' before loads popped up and had god awful problems with the build or usually the neighbours who didn't want to be disturbed for that long.

[SL550M]

Drclarke said:

It is quite amusing that people think that a man of his wealth would be selling off a tiny fraction of his net worth on the chance they will drop 20% in value.

Exactly. He's probably just bored with having that many cars, kind of a 'been there and done that' moment.

[Stryke]

Selling to make space for event better toys...

[thegreenhell]

mattf93 said:

It’s the collection of Jon Hunt, who owned Foxtons the estate agents in London. Also had the YouTube channel tax the rich which used to do some funny videos: https://youtu.be/Z-4v4I7Gzk0

I see they've removed all the videos featuring the cars they've sold, unsurprisingly, although some have been reuploaded by other people.

This is the Enzo that sold for £1.9m. At least the auction description didn't say never raced or rallied...

[rat rod]

thegreenhell said:

mattf93 said:

It’s the collection of Jon Hunt, who owned Foxtons the estate agents in London. Also had the YouTube channel tax the rich which used to do some funny videos: https://youtu.be/Z-4v4I7Gzk0

I see they've removed all the videos featuring the cars they've sold, unsurprisingly, although some have been reuploaded by other people.

This is the Enzo that sold for £1.9m. At least the auction description didn't say never raced or rallied...

Good man,nice to see them driven,

I surmise he gets someone else to clean them.

Edited by rat rod on Wednesday 16th November 14:03