Aging UK Rocker Dubbed “The Buffett” of Classic Ferraris
Nick Mason made his 1st fortune playing the drums for Pink Floyd.
His 2nd came from racing old cars. Specifically, vintage and classic Ferraris that today are among the most expensive cars on the planet.
He recently took the star of his collection, a 1962 Ferrari 250GTO flat out up the 1.16 mile track at the Goodwood Festival of Speed, about 60 miles South of London in the rolling South Downs National Park.
The annual event has grown from a small, hillclimb race to a full-on weekend of supercars from around the world.
He bought the 250GTO Ferrari some 40yrs ago.
A similar car sold for a record $38.1-M in Y 2014.
“Everyone thought I was completely insane, including myself I think,” Mr. Mason said. “But now they think I am the sort of Warren Buffett of motoring.”
In 1969 I had a 250GTO in my garage, and offered it to Warren Buffett for $15,000, he did not see the value.
I talked with him that year with Edward Delaney, the head of Merrill’s Newport Beach, CA office about Ferrari’s for over 2 hours in my office. I had a 250GTO, I might have sold it for $11,000 back then and would have been happy to get it, a used race car was a boat anchor. Memories…
|NYSE:RACE||86.16||7 July 2017||0.46||85.28||86.31||85.06||295,733|
|HeffX-LTN Analysis for RACE:||Overall||Short||Intermediate||Long|
|Neutral (0.23)||Neutral (-0.04)||Bullish (0.26)||Bullish (0.46)|
Have a terrific weekend…
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