Classic Car Restorations: Reviving Automotive Legends

Episode Transcript
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(03:19):
Aloha.
Welcome Inspired money maker. Thank you for tuning in. If this is your first
time here, welcome. If you're returning, welcome back.

(03:39):
Now that you can hear me, we can get right into it. Thank you for
joining us. It's great to be back after a two week break.
My family and I were visiting my God brother, Nicky
Baldelli-Boni in Tuscany. If you've been with us for a while,
you may recognize Nicky, who's been an inspired money guest
talking about wine and cars. We've known each other

(04:03):
for over 40 years and this trip was especially meaningful because I got
to meet his four year old son for the first time and spend
time with his father, my godfather, who's 93
years old and still driving. My godfather told
me these days I don't drive very far, only
between here and Florence, which is about an hour's

(04:25):
drive. So I was super impressed. We all hope that
we can be like my uncle Peter, well into
our 90s and getting around independently.
Of course. This visit wouldn't be complete without a little
Italian motoring. Nicky took me for a quick ride in

(04:45):
his Ferrari 360 Spider, a short gelato run
and that somehow topped 100 mph. As Nicky
likes to say, every time you rev this car significantly,
a small tree dies somewhere. It reminded me of how much
I've learned through this live stream series, now nearing 80 episodes.
Past conversations on cars, craftsmanship and collecting have

(05:08):
deepened my appreciation for everything from design to investment
potential to cultural impact. And it's all coming together
in today's episode. This episode is Classic Car
Restorations Reviving Automotive Legends. It's all about classic
car restorations. How these iconic machines were brought back to life,
what makes them valuable, and how the hobby is

(05:31):
evolving in the face of modern pressures. Whether you're passionate about
concour level detail, curious about Resto mods,
or wondering if classic cars are a smart investment, today's
panel of experts will deliver. We're joined by four
incredible guests who represent the very best in journalism,
preservation and global market insight. From garage to auction

(05:53):
block to cultural legacy, you're in for a wide ranging,
thoughtful and entertaining ride. Before we get started,
I want to thank today's sponsor. I never thought that I needed
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(06:16):
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(07:00):
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to you. Now let's meet our incredible lineup
of guests, each of whom brings a unique perspective on what it

(07:22):
means to preserve, invest in and reimagine
automotive legends. First up is Matt DiLorenzo,
a veteran automotive journalist and author with more than 40
years of experience. He served as Editor in Chief at Road
and Track and Autoweek and as a Senior Editor at
Automotive News and Kelley Blue Book. He's

(07:44):
also the founding founding juror at
the North American Car of the Year Awards and
was he's written extensively on iconic
vehicles from Corvette to Dodge. He has a new book coming out,
Mercedes AMG Race Bred Performance that comes out
this November. Welcome Matt. So glad that you're

(08:06):
here. Thanks. It's great to be here.
Excited to have you. Next we have Rupert
Banner, senior Specialist at Gooden
Christie's and one of the most respected figures in the global collector
car world. With over three decades in the auction industry
including senior roles at Bonhams, Christie's and Sotheby's.

(08:29):
He's a trusted expert in valuation, provenance and
global car market trends. He's been instrumental in
record setting sales and continues to shape the
future of collectible automobiles. Rupert, welcome. Thank you so much.
Great to be here. Joining us as well is Tamara Warren,

(08:50):
the founder and CEO of LeCAR, a Techstars
backed mobility platform blending technology culture and car
buying education. She's an award winning journalist whose
work has appeared in the New York Times, Rolling Stone, Car and Driver
in more than 160 publications, a former
Transportation Editor at the Verge and a Juror for

(09:12):
the World Car of the Year Awards, Tamara brings a fresh
future forward perspective on car culture,
sustainability and innovation. Tamara, welcome.
Great to be here with you all and I'm so psyched for this conversation.
Right on. And rounding out our panel today, we're thrilled to welcome William

(09:34):
Haynes, founder of Williams Haynes Limited, one of the most
respected Jaguar restoration firms in the world. Carrying
forward the legacy of his grandfather, Jaguar's legendary
chief engineer behind the XK engine
and Le Mans triumphs, William specializes
in early E types and Concord level authenticity.

(09:56):
His work is a testament to mechanical excellence in
historic preservation at the highest level. William, welcome.
So

(10:17):
with this expert lineup, we're going to have a blast talking about
cars. Let's get straight to it and go to segment one.
Restoring a classic car starts with choosing the right project.
Enthusiasts can find potential restorations through auctions, private
sellers, online marketplaces or salvage yards, each with
its own risks and rewards. The next step is defining the level

(10:39):
of restoration. Preservation keeps the car as original as
possible. Concord quality aims for factory perfection.
And restomods blend vintage style with modern performance.
Authentic parts are key to maintaining historical accuracy, but
sourcing them can be a challenge. Options include online
retailers, swap meets and salvage yards. Restoration

(11:01):
techniques vary by project, but often include paintwork, engine
rebuilding, upholstery, refurbishment and metalwork. Do it
yourself. Restoration requires time, skills, skill and tools. While
professional restoration ensures precision at a cost.
Budgeting for either approach involves parts, labor and
unexpected repairs. Whether preserving history or enhancing

(11:23):
performance, each choice shapes the car's final form.
William, tell us a little bit about the types of preservation and
restoration that you're doing at Williams Haynes Limited.
We are

(11:44):
a restoration firm. The term restoration is,
is so broad. It's from you, you know, from your
Minis to your Cadillacs, your Jaggers, your Aston Martin. So anything which is a
restoration, you have your sort of home restoration where
fathers and sons and daughters do it. And then you go all the way through
to where I like to think where we are, along with my peers in the

(12:04):
world, where we restore not just the best cars, but restore the
particular car to the highest of standards. And that standard may take
up to four years. It can take anywhere between a thousand hours and seven thousand
hours. It's incredibly broad. And then there's sub
layers of restoration. So then you have your Pebble Beach, your
Quail cars, and then you might have your European

(12:27):
Concorde cars, which are hugely important but then
you have sub layers like preservation, which is all about
originality, where we take every element of a car, how
it was in period and preservation. Car is the most
unattainable thing in the world. You can have all the money in the world but
you can't gain originality because originality is only original once. And those are

(12:48):
really top trump in my. In my sector.
And I'm very lucky, I believe, especially in UK, if not Europe, one
of those sort of forward thinking people on preservation, where we took.
We've already taken a car to pebble as a preservation class well before
it really became a thing. So I love preservation because
the car's only original once. It's very difficult because if something fails

(13:11):
we can't just go and buy a new part, we have to find an original
part which normally involves flying out to the States or equivalent.
There are a lot restoration wise, incredibly complicated and it can be incredibly
daunting. We look after 30
plus cars, we've got 12 to 15 full restorations
any one time, which is equal to almost 10 years work any one

(13:33):
time. And we have a team of 15 people doing that and
we supply. We probably use a further 20 people subcontractor
roles within England and only by that we can
produce two cars a year. So I hope that sort of makes sense. But it's
a hugely complicated process and a fantastic process, but there's lots of
subdivides in it and each individual person will have their own

(13:55):
feeling what they want and what they want to achieve. When somebody comes to
us, we tend to ask them, what do you want to use the car for?
Is that to go to the pub or is it to go to the beach
or is it to go and win a concourse event or is it to go
back to Le Mans or equivalent. So it's depending what the
individual wants. And then we tailor that car to the needs of the customer. But
normally in my world, I build the car for the car, what the car deserves.

(14:18):
And sometimes the customer has to get on board of that. If the customer
isn't on board of that, they're the wrong customer for the car. I hope that
sounds. I'm rumbling, but no, it's very cool to hear
about the art and the craft. Clearly it takes a lot of
attention to detail. Rupert, from an auctioneer's
perspective, how do buyers distinguish between a well done

(14:39):
restoration and one that might hurt the long term value?
I think, I think actually William's. A great example of this is that
there are a variety of specialists who become known for particular
marks, models and to a
degree, a sort of brand, brand name restorations. So

(14:59):
you will find cars that come out of particular shops that are very, very
well known for doing great work, who have
long heritage and experience of actually restoring other cars.
And then from time to time you literally find restorers who are,
know, something of a resort for, for everything. And
you know, there is some degree in there. There are also some people who, who

(15:23):
literally are more perhaps painters or finishers or,
or detail aspects rather than the, the comprehensive job.
Matt, in your experience, what distinguishes a good restoration
candidate from a potential money pit?
That's a great question because a lot of what

(15:45):
goes into these cars is based on emotion
and it's very difficult to
assign a dollar value to that. Some people like
what they like. They'll put a lot of money into a
restoration to get the car the way that they want it, but it may
not reflect the current market value of the car. I remember I went

(16:07):
to the Mercedes Classic center on a tour
with Michael Kunz out here in California, and there was
a 300 aden hour that they had spent
four years restoring and put
$600,000 into it. And the car was just
immaculate. It was gorgeous. And somebody I

(16:28):
was with asked Michael, so what's the car worth? He says about
$350,000. So you know, this
gets back to William and Rupert's
earlier comments is what do you want from the car,
how are you going to use it and what it says to you. And
if you really want to be smart about it, it's something that you love

(16:52):
as opposed to looking at it strictly in a dollar and
cents point of view, because the time and
effort to do a really high quality
restoration, as William will tell you, it takes a lot of time,
a lot of money. Yeah, it
sounds like it helps if you have unlimited

(17:15):
funds and a car. I think
that that's a real important part of it.
That's where you can justify that expense.
If you're just looking at it as a strictly business point of view,
a lot of people have lost a lot of money in
electric cars and people have made money, but a lot of people have

(17:37):
lost money too. William, do you have to
evaluate a potential restoration project, like what specific signs
tell you that it's worth preserving versus walking away?
That's a really hard question, but a fun question. So we've got
a customer, for instance, who has a $30,000 car and he's
spending $300,000 on it over four years.

(18:00):
So what defines it? It's totally pure emotion. A
lot of people, their dads had cars or their grandfathers had cars or their boss
had a car and they really want to, it's their life dream. That's their
bucket list to own that. And luckily enough a lot of our clients are in
a position where they only want perfection or they want it absolutely right or they
want it how they their car was 50, 60 years ago, which their mother

(18:22):
used to take the school in. So it's pure emotion. I completely
agree that if you're going to buy a classic car, buy it for the love
of driving, meeting people, going to events.
It's a fantastic social calendar to own one of these cars and you can have,
you don't have to have the most expensive car in the world. That's just, you
know, we're good at restoring expensive stuff, but we're just as good at restoring the

(18:42):
lesser stuff like Minis and Morris miners and old MGBs.
The love for having these cars, it has to be based on passion and emotion
and the people you meet along the way, bit like you guys.
I think that sort of makes sense but it tends to be if you go
into it as a pure financial reason, as Matt says, you, you'll most
likely lose some money or if you bought right, you've upset

(19:03):
somebody along the way. My greatest piece of advice is do it
for the love of doing it. The people, my clients who, and I think all
our clients who've done it for all the right reasons that tend to be the
people who've won the most out of it that's financially or
other business ventures along the way. That's sort of my
interpretation of what. Why you should buy one of these. Investment point of view

(19:26):
is the investment of owning this car is a bigger thing than the car itself.
We've done far more business, my customers done far more business and made a far
more money. I've actually been part of the journey of a restoration than it is
finding the quick win. It tends to be the longitudinal win, which actually is more
profitable one. Great advice,
Tamara. You've written about how cars reflect personal identity.

(19:49):
What do you learn about someone through the car that they choose to restore?
I mean, first of all I think it's about your intentions
as a collector and to some of the
earlier points already addressed. What is your purpose?
And I would argue that if you know it's to. To become
a collector is actually requires a lot of education

(20:12):
and resources and research and so
thinking of your as yourself, as a steward of
a legacy, of an automobile, of a brand
and of all of the hands that went into developing
and carrying that forward. So I think when we're looking at
how cars are a reflection of our identity, it's what is our role

(20:35):
in carrying that forward. And, and I think to,
you know, to go lightly into a restoration and maybe do a one off car
is maybe more of a reflection of your identity. But as you build a collection
and you really think about what is that collection about, you actually get
to participate in being part of that history going forward.
And as we're moving in the direction of, you know, a fairly

(20:58):
new hobby. When you think about the history of collectibles in the world, like
go to a museum or a gallery and 125-year-old
object is really not that old. It's really an area that's being
defined. And I think that's why there's so much space
right now to show up the way you want to and be a part
of what that means on whatever level you choose

(21:21):
and intend to participate. Quick
question for Rupert. How do you see the expectations for
correctness versus creativity and how that's
evolving across different generations?
I think the great thing today is that there is actually so much more
knowledge about cars and how, I mean,

(21:43):
fantastic works have been written on models, makes,
just detail, accessory features. And I think that
you've got today the ability to restore. If you'd restored a
car 50 years ago, you might literally have just restored what you had
in front of you without having any ability to sort of compare with others,

(22:03):
to work out transitions in production runs
when things change from this to that. So I think
there's been a lot of education in restorations and today
you can get the details just so much better. So I think the quality of
restoration, the way in which cars are restored today is to a much
higher degree. And at the same time, the people who are buying them, the people

(22:25):
who are the owners of them, expect that and I think actually enjoy it and
find the process rewarding. It's very rewarding to find that you've
actually, it's slightly philanthropic, obviously, but to find that you've actually
taken a car and put it back exactly how it was when it
was new, for example, can be a really rewarding process for people.
Very cool. Let's move on to segment two.

(22:48):
Classic cars can be both passion projects and financial
assets, but their value depends on key factors.
Rarity, condition, provenance and demand all play a role
in determining market worth. Matching numbers and original parts
often increase desirability, while historical significance can
elevate a car's status. Market trends shift based on economic

(23:10):
conditions, collector interest and technological changes.
Some models like the Ferrari 250 GTO or Shelby
GT500 have consistently appreciated, appreciated while
others gain value based on emerging interest. Ownership costs,
including insurance, maintenance, storage and potential
restoration impact overall returns. Smart investors

(23:32):
factor in these expenses and diversify their collections by considering different
eras, makes and models. Researching valuations,
following auctions and consulting, experts help identify promising
investments. Whether collecting for passion or profit,
understanding value, cost and demand are key to making informed
decisions.

(23:56):
Rupert, you've seen countless auction results. Have there been any
recent surprises where a car far exceeded or underperformed
its estimated value? I mean the market
is always evolving and you know, we're tracking it, keeping an eye on it.
I think that the trends that we're seeing have been for
more modern collectibles to be performing particularly well. We just, for example,

(24:19):
we just sold a roof super Yellowbird in our
Amelia Island auction which I think broke all records at
nearly 6, just over $6 million. And
so those are the sort of trends that we're seeing. At the same
time we see other things sort of cooling in areas as well.
It is, it has moved from being a hobby to being a market. And

(24:41):
when you have markets, you have cycles in those.
Matt, you have a website called the Tightwad Garage.
Do you think that there are overlooked models that you believe are poised to
rise in value over the next decade? There
are, you know, I think there are some emerging markets. You know
the thing about the vintage car market is

(25:05):
that it's fluid. There are so many eras, so many cars out there
and then different generations passing through. So like right
now I think you're seeing some real opportunities in some of the
Japanese cars from the 80s seem to be on
an uptick. And then
conversely there are certain vehicles like

(25:27):
the woody market was really hot maybe
10 years ago, that's cooled off considerably.
So you know, you, you, it really pays to,
to pay attention to the trends in the market and see what's going on.
Air cooled Porsches now are, are going out of sight.

(25:48):
I remember the Ferrari Dino, which was a car that
was almost shunned 30 years ago,
is now a hot collectible because it was, you know, the six cylinder
car wasn't a real Ferrari, blah, blah, blah. So you
really have to, if you're going to go into the market you really need
to do your research and see

(26:11):
what's gaining in value and the
things that are cooling off and some of the cooling off things, you could find
some really interesting cars that if you're in the market long
term, you might be able to snatch up a bargain.
Tamara, do you think the concept of value is shifting among
younger or first time collectors? Well, I think

(26:35):
collecting so much. Back to your question about personal
relationships with cars and identity is
collectibles shift following the patterns of
nostalgia. And so what we've seen as new
generations come into car collecting and we
sunset maybe generations before us.

(26:55):
So the taste shift because of the aspirations of the time period.
So to Matt's point, kind of seeing the air cooled Porsches, the rise of
sort of the Japanese supercar scene,
that is reflecting in this emerging market where we're starting to see
buyers who came of age, you know, dreaming of
these cars. Now when they reach the levels of their life where they're ready

(27:18):
to start collecting, that's where we see growth. So we can speculate
a bit now when we look at the, you know, if you want to be
kind of forward reaching, it's look back in the last two decades
and kind of see where the tastes have shifted and look at
movies, popular culture and, you know, now we'll see it
and probably one day the YouTubers of today will be setting the car

(27:39):
trend for tomorrow, which is kind of wild to think about, but I think
when you're looking at a hobby that's evolving in real time,
the pace and the progress of that as well, as well as
the restoration techniques, which I think is another fascinating
area to think about financially is really how will
the craft, speaking to the piece of the financial

(28:02):
aspect, how will that continue would evolve as processes
evolve in actual restorations. It takes a year and a half now
to actually make a new production car. How is that going to
trickle down and impact classic car restorations at
places like McPherson College, where they're evolving the techniques.
Right. William? I think all the panelists have

(28:25):
talked about the importance of having a passion for
the car. Do you see your restorations as artworks
or investment assets? That's a
really good question. If I was selling a car in
Europe, we sometimes put it down as automotive art
because it is art. It is art. It takes, it takes us a long time

(28:46):
to do these things and it is an investment.
I think it's how you measure value of money and how you value, you know,
somebody who is very well healed may think of a
200,000 pound restoration as, as justifiable and
fully actually value for money and say we don't charge enough. There'll be some people
who can't reach that figure, depending what you guys think as

(29:09):
well. All of you are very knowledgeable on the subject. But
my gut feeling is, yes, you can make money out of it, but I'd always
go to someone like, you know yourselves. Rupert knows this very well.
You know, we get asked people, so I want to buy a F40
because that's what everybody wants, but they actually might want a Jaguar 220, or they
actually might want a Monte Carlo Rally mini or an

(29:31):
8C or something. So our job is actually to guide correctly as
professionals to people who need to be educated. And tomorrow also
said, you know, there's so much education to be made to
even become a collector. I suppose it's our job on this panel,
everybody involved is to advise correctly. And we get asked,
imagine all the time, what's good, what's in trend. It's our

(29:53):
job to be the finger on the pulse and working out what's right.
But, yes, I think if you have the right advice and you're able to buy
when the market trend is down, then now, as a good buyer's market,
it's a really good buyer's market. It's not such a good seller's market at the
moment on certain cars. And same as art and watches. Watches have also
had a similar term for. So I think my gut feeling, you do it for

(30:16):
the right reasons. You follow exceptional advice. Don't listen to
one person. Go to an auction house. Go to an individual like ourselves,
which are many around the world, and speak to people
who really have the finger in the pulse to advise you correctly. Then
it's your tummy to tell you what you want to do. I hope that makes
sense. I may be rambling, but. Makes sense. Anybody else want to chime

(30:39):
in? Yeah, I mean, I think you have to look at.
Beyond all of the financial aspects, you should also look at the
sheer value of just owning something and enjoying it and
what that actually means to you. If that particular
vehicle is the reason that it took you to a part of the world that
you would not have gone to without owning the car, if it connected

(31:02):
with you, you with people who might become your business partner or your
life partner, there can be much more value in that. And the
car may well be the conduit to it. The fact that you were able to
take it to a particular event may be the way that you connected
with people, but there's, you know, I really think that that
can't be underestimated. And even during the pandemic, you saw

(31:23):
people were just gathering in small groups, going for drives on a Sunday
as just a way Just to get out of the houses, to just enjoy
themselves and just feel, you know, get the wind through their hair, feel. Feel good
about themselves. And I think, I think, you know, there is.
You can look at it in dollars and cents for sure, but there. I
think there's so much more to an automobile than just

(31:45):
that aspect. You know, there's the way it looks alone.
Yeah, 100%. Yeah, it makes sense. It's very similar to
defining wealth. It's not just the
dollars and cents in your bank account, but it's, do you have freedom?
Do you spend time with the people that you want to spend time with? Are
you doing the things that you want to do, or are you doing things because

(32:08):
you have to do it? So owning the car can be community. It
can be all kinds of different things. Anybody else,
you know, I think that's such an important point, is that these aren't
just objects. Cars are living things.
And if you, if you buy one and put it in a
garage and don't drive it, you're killing that car. And, you

(32:32):
know, I, I do like preservation cars. I think
they're cars that have been used. They. They develop a patina.
I, I really appreciate those. I can't stand barn
fines because a barn find, to me, is a sign of
abuse. You know, the, you know, and some people celebrate that.

(32:52):
But it really bothers me, you know, like, the upholstery is
all shot. The car is just in terrible shape, has never
been cared for. Cars are living things, and you have to
care for the, for your investment. Use it. And then
you'll also find that you end up joining a community. It's not
just a car or a piece of

(33:14):
transportation. It's. It's a lifestyle.
I'd like to add. I also think I agree with what Matt is saying, but
also, you know, the missing element and we think about,
like, where we are today. Cars are also about the people that
touch them. I mean, for me personally, my family worked in the car
industry three generations back, and, you know, I have

(33:37):
five Chryslers for that reasons from all different eras. Because
to me, that company is attached to
moments in my own personal history. And so I think that is part
of it too, to understand that, you know, a group of
people came together with, you know, and worked really well together to
make the best products. Right. It's never about one engineer, one

(33:59):
designer. So really understanding the deeper you get, especially
the more rare a car, where has that car been? What is that
provenance? And I think that is the connection to the collectible
piece, if that's important to you, because, you know, it's fun. To buy a spec
Miata and take. It to the track, but if you're really investing in the history
too, you want to know those things and understand like, well, what

(34:21):
you know, how can you contribute to that? And, you know, what is the special
car? What is the show car or the car that has the story
or maybe a motorsports history that's really exciting. And I think
the more that I see of car culture is really
the true nerds who do these, you know, classic car track
days to try to recreate these moments I think is

(34:44):
really special. And I think that community piece of it is
interesting because you kind of have to love history to love cars,
especially collector cars, because it's the, you
know, this idea of like post industrial revolution, like what makes
us go, how do we get there? How do we solve the problems in our
cars that make us go faster, longer, stronger and

(35:06):
last and endure? So I think to me personally,
that's what keeps me interested and keeps the kind
of the enthusiasm from waning.
That's the perfect segue. For our next segment, we're going to talk about
nostalgia and culture. Classic
cars have left a lasting mark on movies, television and culture.

(35:29):
The Mustang GT500 in Gone in 60 Seconds, the
DeLorean in Back to the Future, and the Aston Martin
DB5 in James Bond films are just a few examples of
how vehicles shape storytelling. These appearances often increase
a car's value and desirability among collectors. Each
decade's cars reflect societal changes, from the chrome heavy

(35:51):
Designs of the 1950s to the muscle cars of the 1950s
60s. In fuel conscious models of the 1970s.
Classic car clubs and events like Pebble Beach, Concours d'
Elegance help preserve automotive history while fostering community.
For many, classic cars carry personal significance, often
passed down through generations. The driving experience is

(36:13):
also distinct. Manual steering, analog controls
and raw mechanical feedback set them apart from modern
vehicles, making ownership both a challenge and a rewarding
pursuit.
Tamara, I want to ask you, which car first inspired your passion

(36:35):
for automotive culture? Oh,
no, now you're muted. Sorry,
I asked you a question in chat. So I've got you multitasking? Yes, yes.
Is my audio good for you guys? Because I can also see. Circle back
and work on that a little bit, but if it's okay, I'll just keep talking.

(36:56):
Otherwise, just shut me down. I think it's okay. Okay,
fantastic. Well, if I'm being honest, I would say it
would probably be a Daytona, Shelby,
because my dad was an engineer, and these were, like, the cars that
he brought home or took us to see and
to the proving grounds in Chelsea, Michigan. And then the next one

(37:19):
would be, funny enough, continuing on that path. Would it be a
GLH Dodge Omni? Because that was my the car my
mother drove us around in. Right. But as my
palette has changed and matured and I've learned about,
you know, different things in the world, I would say it got,
like, more and, you know, more interesting. As, you know, I would

(37:41):
say right now I'm really interested in watching what's happening with the Bizzarrini
market. To me, that's like the best of sort of European meets
Detroit in a way, in this really oddball configuration. So
I think as you grow and change, your tastes change and you
learn more. Obviously, I didn't have any
Ferrari posters, but now I could understand why that market

(38:03):
has gone crazy. But it's definitely started for me with
my family and kind of thinking about my
dad and his passion as an engineer
and really challenging us to think about.
You know, what they were doing technically and how hard engineers

(38:24):
and designers often had to push to get their ideas at
any company, because cost is always an issue. So I
think that that's something that. Has evolved for me
over time. Rupert, before we
came on, you were talking about, you're exposed to many cars,
and because of that, your tastes change

(38:46):
over time, and that can influence what you're interested
in at any given time. How does
nostalgia factor into bidding behavior?
Bidding behavior at live auctions,
too. I think you probably.
It's that sort of warm and fuzzy feeling, I guess, isn't it? I suppose if

(39:07):
you. If you sort of. If there is a connection there and there's a reason.
I mean, I Even. Even as a buyer myself, I
sort of will fall for something, and then I will probably talk myself into
it, and then you'll come to the moment when you actually have to bid on
it or buy it. And, you know, it's kind of. It sort of warms and
grows in within you. And I guess it's the same with online bidding as well.
You kind of. It builds within you, I

(39:30):
think, you know, it's.
There's lots of aspects to it. Again, what is. What is. What is the draw
there? You know, is it. Is it the nostalgia? Is it. Is it something you've
always wanted? Is it. I think the best thing, though, is really
to try and make it personal. Try and not. Not
be steered towards things that other people think you Might you should

(39:52):
own, or they know that you can afford and you should own, but really go
for the things that actually have a sort of connection or you feel a
connection too, because I think over time when you're collecting,
you'll certainly. It wouldn't. It won't be the first occasion that any
car has ever broken down, for example, and if you, if you happen to be
by the side of the road next to a car, it's always got to be

(40:12):
better to, to be next to one that you actually really appreciate than
one that somebody talked you into and turns out not to be a good idea.
William Tamara talked about the family and how
that influenced her. Can you talk about
what does the legacy of your grandfather mean to your

(40:32):
restoration practice and your love for cars?
Yes, it's something which I'm very careful not to be on the side. I got
some of my coattails of. So my grandfather was
the chief engineer of Jaguar, the first employee of
Jaguar, and he designed everything from tail end of SS100
to 8120, C type, D type, all the way through to E type and

(40:55):
XG13. So Jaguar, if you cut my veins,
Jaguar would come out of it. So. And so my father,
my father, almost 30 years, a Jaguar and he ends up being
charged with Jaguar America. So
I'm very lucky.
It means everything to me, actually, I'm trying to break it down that. And I'm

(41:18):
a big, big lover of farming, so. But
cars mean everything because it is what my family generated, it's what my, my
family have curated. There's no fry grandson
restoring his granddad's cars. There's no Audi grandson or. I
don't know what it's like in the States, but I do think I'm the only
bloodline linked to the 50s and 60s where the cars are actually made.

(41:40):
The pictures behind me are the family silver.
So, yes, it means everything. The importance of responsibility
is that everything we do is in line with the. Values of what Jaguar cars
was then. And also keeping it relevant to what Jaguar and
our peers are doing now. So it means
everything. But there's an added level of responsibility that if we can't

(42:02):
get it right, with all the technical drawings and
all the background, family information we have behind my company, if we
can't do it right, nobody can. So there's a level of responsibility that. We've
got to know what we're doing. I hope that's answered your question. I'm quite
precious about my family background because I don't think that
it's why I'm here. I'm here for everything but that actually I'm here to do

(42:25):
a good job. And have the tools around me to do what I think is
one of the best jobs in the world is by being in the military. Love
the history and the perpetuation of tradition.
Matt, I see you smiling. What are your thoughts?
Well, it's great to see the appreciation for

(42:45):
the older cars. My background, I
grew up around a lot of muscle cars in high school
and you know that you talked about movies and things like
that. There is. I remember a guy had a Dodge
Charger that was like the one that was chasing down Steve McQueen and
Bullitt and that was really cool. You know, at the time that

(43:09):
go to high school with a, with a kid who had a car like that.
And then it evolved as well because back then I had a cousin who
was racing Corvette. So I would go, I would go to a lot of those
races. And the other part of the vintage
scene that is dear to me is the
evolution of vintage racing. Because back in the day

(43:30):
there was nothing older than last year's race car.
And a lot of them didn't survive and a lot of them didn't. But if
you had gone to the races and you saw the cars, I
absolutely love going to the Monterey
historics to see those cars on the track again like I
did when I was, when I was a kid. You know, you see the Trans

(43:51):
Am cars which are a particular favorite of mine, the
Can Am cars. So I really.
The whole vintage car scene has
evolved and there's so much
there to take away from it that you can actually
nothing more impressive than seeing some of these

(44:15):
race cars again on the track or even at Pebble Beach. Some of
these classic cars, the fact that they drive across the ramp
and are still being driven today and they get
extra points for going on the tour. I
think that's fabulous. I love it. Yeah,
definitely. It's not just history of the vehicle, but

(44:38):
it's cultural too. With that, let's move on to
segment four. Restoring a classic car comes with ethical
and environmental responsibilities. Ensuring a vehicle has a
legitimate history starts with VIN checks, title searches and
classic car registries. Avoiding stolen or misrepresented
vehicles is crucial for responsible ownership. Sustainable

(45:01):
restoration techniques include using water based paints, recycled
upholstery and alternative fuel systems to reduce
environmental impact. Some enthusiasts take this further with EV
conversions, replacing internal combustion engines with electric
powertrains. While this improves efficiency, it raises
debates about historical preservation versus modernization.

(45:22):
Resta modding blends classic Styling with modern performance.
But irreversible changes can erase historical value.
Prioritizing reversible model modifications helps balance
customization with preservation. Supporting classic car
conservation efforts through museums, heritage foundations and
clubs ensures these vehicles remain part of automotive

(45:43):
history. Whether restoring, modifying or converting,
responsible choices help maintain the legacy of classic cars for
future generations.
Tamara, what's your stance on converting historically significant
cars to EVs? I think it's a balance,

(46:06):
right? Like we need to as a culture, make sure
that there is space for preservation and that there is
space for keeping things as they were. But I'm
also interested in such a new
hobby, how these things evolve. And I think,
you know, again, some of this is, you know, maybe that's a

(46:28):
more institutionalized practice, right. Like I, I do a lot
in the world of contemporary art too. And this is kind of an
ongoing debate, like how do you predict the future? What is going
to be important and valuable and what we think
today is going to be important. Tomorrow could totally shift, right?
Like you look back at the early 20th century, all of

(46:50):
the top selling authors no one's ever heard of, right? So I think
there's still a lot of evolution that's going to happen. And so I think to
make sure we do have a segment of each
model make represented in its
classic form is important. However, I do think that it's
interesting to take the ideas of yesterday and carry them forward and use

(47:13):
them to try new things. I mean, we really, you know, to this
day, like, you know, unfortunately, some of the best car designs are
in. History, not in the present, right. When we look at a
Concorde like Pebble Beach or, or Goodwood and just see
the, the beauty that these cars have and what they inspire
in others. But what's another area I think is also really

(47:35):
interesting and I brought this up really quickly earlier, but I've been following
in addition to many other restoration shops that you can actually get an
automotive restoration degree from McPherson
College is fascinating to me because it's a
technology driven program. So there are

(47:55):
processes that are processes that are evolving
in the restoration process that are also helping us
think about what does it mean to preserve and how will things like
3D printing come into place or interesting
ways of maybe experience experimenting with
batteries that are now in rudimentary states but may

(48:18):
continue to evolve. I think it's just important that,
you know, when we look at kind of this trend right now where this, it's
not just EVs, but it's also like bringing infotainment and
kind of this idea that you can buy maybe an old
Land Rover but have the inside be a modern interior.
You know, I think as that market continues to grow

(48:40):
because it feels very special to people because they want the look that they want
all the modern conveniences. I think it's important that you know, there's an effort
to reserve at least enough of the old
that we carry that history forward. But I mean it's really up to
the individual collector, right? I mean that's, that's kind of how this all
goes. So I suppose there's space for all of

(49:03):
it. William, how do you strike that balance between
innovation and historic accuracy?
Gosh, all the million dollar questions tonight.
I think Tomorrow has mentioned Goodwood. I know that's a big thing
in the uk, but I think Goodwood has really laid the point of what is
acceptable. I think Goodwood, I think the Duke of Richmond is a

(49:26):
pioneer in this. Goodwood this year, last year, I think for the last three
years actually running fully sustainable fuel which is fully man
made fuel and we're actually gaining power. Instead of losing power.
So we, we're incredibly sustainable as an industry.
We're probably one of the most sustainable industries because all we're
doing is making all things work and go again whilst almost

(49:49):
carbon neutralizing it. It's quite amazing where we're using man made
oils now the oils in my cars aren't dug up from the ground. It's
quite clever stuff when it goes into
a restoration process.
If we took a whole car apart and do what some
of my peers do, maybe where they, it's cheaper as a fixed cost restoration to

(50:11):
go and buy all the parts from AC part supplier which have been Taiwan, China,
America, the everything has to be brought back to us
on a preservation restoration which is if you preserve a car
or you're, you're securing the asset value of the car, so much originality
as many original suspension parts, engine parts, even down to leather
can all go again. Now that is, that is the definition of being

(50:34):
sustainable. So that's part of the restoration process.
The other thing tomorrow, very quite rightly pointed out,
was young people in the trade in the industry. In England we have a
company called the Heritage Skills Academy which is a
UK based apprenticeship scheme putting
two or three individuals into every restoration company and also into insurance

(50:57):
and brokering into the uk. So we've got sustainable young people
coming. Through and I'm part of a charity. Which supports that called Starter Motor where
we go to schools and tell young. People that this whole
industry is a thing and it's really cool. And it's a
really sustainable thing to happen because without people coming through to
it, there's no business. So I hope I'm answering the question. But

(51:19):
sustainability in the car world is probably more sustainable than farming. It is
incredibly sustainable, but we all need to work very hard at it in all our
different sectors for it to actually be come through. But
yes, yeah, I hadn't thought about it in terms of synthetic oil
or biofuels, but certainly, yeah, that definitely
has a big role. Matt, you talked about your

(51:43):
love for muscle cars. You also have a book, how
to buy an affordable electric car. How do you reconcile
environmental goals with your love for the gasoline
era
machine?
Matt?

(52:11):
You know, as far as the
electrification of some of these classic cars, I, I
like that idea. And also restomods
because they still carry the
spirit of the original, but they do have some
new technology and they're pretty honest

(52:33):
cars because you look at it and you say, you know, this isn't
the original, but here it's an EV or it's a
restomod and has, you know, a modern automatic transmission
or, you know, nicer interior, things like that. So I don't have a
problem with that. The question I do raise when
you were talking about ethics earlier, and I'd like to get the reaction

(52:56):
of the other panelists is
continuation cars. You know, especially
Jaguar has been doing continuation.
I think they did some C types, I believe.
So I, I'm wondering about that. You know, I think if they're,
if, if they're honestly represented as

(53:18):
continuation production, I, I don't
have a problem, but I think there's room for
abuse in there. There have been some knockoffs,
replicas, those types of things that people have been trying to
pass off as original. And that's just
wrong. But I, I'd like to get especially, you know, hear from William

(53:40):
since you're so, you know,
ingrained with the, with the brand. Well, rest
in mods is. I think we need to get a better name for this word.
I think modern, you know, restomods, hot rods. I think it's the wrong name
when we're now massively R&D'ing cars. So going back
to the question, yes, Jaguar made seven lightweight

(54:02):
E types followed by C type, followed by D
type. So they've made three levels of continuation cars. So is
Bentley. They've done the Bentley blowers. I know Porsche
had a go as well. And Ferrari. I'd better be quiet actually. But
I think it's a great thing. It's a really good thing. I was very
controversial because I didn't at the start believe it was

(54:25):
the right thing to do morally because I thought it made you value
custodians of the real cars. But actually it's everything but that.
The custodians of the real cars have been buying some of the recreation
cars for those cars to be used in anger. And those particular
cars, some of them have been accepted into racing at the likes of Goodwood
or Le Mans Classic, which is happening this weekend and some

(54:48):
other things in the States. So about the continuation cars.
The public people who were never. Their dream
would be to own one. Can actually see one at 150 miles an hour
and inch by inch close to a short widow Ferrari equivalent.
So I think it's a massive important thing. I think there's a place
for it. They can never be seen as a real car, but they should be

(55:10):
supported because it gives hundreds of people jobs.
It's a shoe million pound car. Probably gives over 100
people salary in that contractual, to
wheeling, to fabrication, to engine building. So about the big companies
doing it from an industrial point of view, it, it
literally turbos the little people like ourselves.

(55:33):
Well, you know, I just, I've just made a 3D printer Jagger badge
which is on 20 cars. Without Jagger's
permission on their, on their side, I would be able to do that. So
I think it's a good thing. I hope I'm rambling, not so much, but I
hope you guys make sense of what I'm trying to say. It's. That's fine.
I think change is good and I think building more cars, more people see

(55:56):
as good that have to be represented well. Rupert, your thoughts on
continuation cars or otherwise? I think
it may also be controversial. I think too when it comes to the
manufacturers making brand new versions of old cars. I
think there's a smell of opportunism
to my mind, I must say. But I do think

(56:18):
it's, it's great to see that the manufacturers are interested
in the heritage of their brands. It's great to see them promoting
them. You even see, obviously in design terms you see a
lot of, a lot of nostalgia in design. So, you
know, it's good to have that. I think when it comes to
any, you know, basically

(56:40):
you're flattering the original by wanting to make a continuation or a copy
or any form of it. And you know there will always be
people on a certain budget who want to be able to
own something as close as possible to the real thing perhaps for a
fraction of what the, the real thing might cost them. That my only, my only
question always will be that these things are done

(57:02):
transparently and that there's, you know, the, the person who
then might be the second or third or fourth custodian of that car
understands that they're actually buying something that was built in
2000, in 2020, for example, rather than they think that
they're buying something that was built in, in 1965. As long as
there's transparency in it. And the great thing obviously with the modern world is that

(57:25):
you can, you can make transparency more, more obvious. I
think it's, it ultimately it all shows an
angle of enthusiasm for the breed and for the
collector car hobby. So it can't be a bad thing.
I'd like to address one other point to think about, you know, just

(57:45):
different perspectives to think about. Right. Like this is sort of the facts I think
you have to look at also too.
If going forward we're just continuing processes
in the past that are inefficient, there's something at scale that's a
little alarming about that. And so what I think is actually
interesting and maybe a more noble way of pursuing it

(58:07):
that reconciles the environmental piece is do
we really need, you know, a 6,000 pound car that's
far less efficient? What are some of the ways we
can use the new technologies? In the spirit of
what William was suggesting, it good with that,
you know, we're thinking to challenge ourselves. I think just creating

(58:30):
more cars without an intention of why.
Just, you know, also speaks to that
opportunism that Rupert talked about. And a little bit of what's happened sort of
with, I would say the muscle car craze or in, you
know, from my hometown, from Detroit is also thinking about, like,
what are we actually doing pushing forward and if cars are about innovation,

(58:53):
what are we doing to take the best of the old and making it more
efficient for the new? I mean, being from Detroit, sometimes
just trying to hang on to something too long actually can
put you out of business. Right. Like, that was a lot of what my
town went through. And so I think when, you know what,
what I'm most interested in is, you know, I'm interested in a

(59:16):
second use and really thinking that if we're thinking about
circularity and environmentalism, you know, how can we take the
existing sheet metal that's out there and apply it
and make it useful rather than just having more and more
waste, you know. And I think these are the things as we're
moving toward an electrification to think about like we're just

(59:38):
making more stuff. How can we repurpose it? How can we
use what we know about manufacturing and
processes to just do better and bring more people,
you know, if that brings more people into the appreciation for the past
because we figured out innovative techniques to use
old processes or to manufacture something new using

(01:00:01):
better materials that are less damaging. I think that's interesting
as well. I think just making, remaking an old
car using old, any kind of old processes is. There's
something about that that just feels redundant to me. But
that's just another perspective. And one other area,
one of the areas my father worked on in the 70s was seatbelt development.

(01:00:24):
And so he, even though he was, you know, big
motorsports guy, there was a real
emphasis on safety in our house. Like if I ever
went to Joval car and didn't wear a seatbelt because of all of his
research, that was already like a huge problem. And so I
also do think we, when we're thinking at scale, as much as

(01:00:46):
I love the enthusiasm for old cars, I do think that we need to think
about safety too. And you know, as
you know we, there are some issues when we looked at older cars
if we really think about, you know, what does the road look like that we
really want to be on and where are we most safe? There, there's,
there's trade offs. So I think just all these things need to be

(01:01:07):
considered. Anyone else?
I agree with Tamara. I think there is a need for it.
It's very hard to do but I completely on
board. We do need to, we've been approached
to build a run of. I can't name what
it's for, but a very, very, very special run of cars.

(01:01:31):
They're not a continuation. It's a brand new interpretation of a car. And my
moral ethics of it as a company is if we're doing it has to be
for all the right reasons. We can't just go and develop more cars for more
wealthy people to buy. There's be a better purpose for
it. And I think it's something which we, we are highly aware of as
an industry that to. It's

(01:01:52):
important because the cars we're restoring there'll always be a time where we'll run out
of cars to restore because you know, we restore the first 50 car, 50 cars
ever made very, very well. But once we've done those first 50, we have to
get to the next batch. And is that what it's all about?
I think it goes back down to passion and what you want to use your
car for. There are ways of making these cars safe, but they'll never be as
safe as a brand new car for obvious reasons. But the safety of a car

(01:02:16):
is normally down to the build quality, the reliability of the car. You can't
avoid people crashing. You can down well, make sure they don't break down the highway.
So I think that's where my moral ethics are.
Let's bring it home and go to the last segment.
Classic car enthusiasts face changes as emissions regulations

(01:02:37):
tighten. Some regions have proposed restrictions restrictions on older vehicles.
But advocacy groups work to preserve their road use through exemptions
and sustainable practices. EV conversions are gaining
popularity, replacing internal combustion engines with electric
powertrains. While this reduces emissions, some argue it
alters a car's historical integrity. Sustainable fuels,

(01:02:59):
including synthetic options and biofuels, offer
alternatives without modifying original engines. Technology is
shaping restoration with 3D printing, making rare parts
accessible and AI assisting in diagnostics and paint
matching. Younger collectors are bringing fresh interest, often gravitating
toward 90s JDM models, early Teslas and first

(01:03:20):
generation hypercars. Predicting future classics depends on
rarity, design and cultural impact. As policies
evolve, adaptation will be key, whether through digital
advancements, alternative fuels, or ensuring classic cars
maintain their place in automotive history.

(01:03:45):
Matt, what do you think the collector car world will look
like in 20 years?
That's hard to say because we've had, you know, we've sort of
the growth is still there, but it isn't as pervasive as people
were predicting. And I think electric

(01:04:07):
cars will be collectible. I, I certainly see
cars out there on the road like the Lucid
and some of the Mercedes products that are special enough
that in and of their own self they will be
collectible cars. There's a tremendous

(01:04:27):
amount of design and performance and
enough that makes them unique.
As common as, you know, the electric motors and batteries are across the
lines. There's still plenty of room for differentiation.
So, you know, there are, there
are electric cars in the early, you know, the Bakers and the Detroit Electric

(01:04:50):
cars from the early part of the last century that are
collectible? I don't see that changing with, with new,
new electrics. That's encouraging.
Rupert, which countries or regions do you believe may drive the
next decade of growth in the collector car market?

(01:05:11):
And I think the traditional markets are pretty much the
bellwethers of our, of our, of our industry. I mean, obviously domestically
in the us In Europe, in the UK
the Middle east is a driver today. It's possible for
the Chinese market to grow. But there's a lot of legislation against
that so far. So we'll have to see what, what

(01:05:35):
impact that may have. But it
one aspect that you also take into consideration is actually the manufacturers
themselves sort of encouraging the growth by, by building
limited edition runs collectible driven
product effectively. I mean 30 years ago they weren't necessarily doing that.
Today they really are making a collectible product and I think

(01:05:58):
you will see perhaps more and more of that in the
marketplace.
Tamara. Is there a cultural, cultural risk
of losing tactile driving experiences to
self driving cars? I think
when it comes to innovation and change, what we're all learning

(01:06:20):
is that sometimes the markets
being a false sense that change happens quickly and change actually takes
quite a lot of time. I mean 10 years ago I
remember reporting as the technology,
thinking about technology and journalism that we would all have
self driving cars by now. Clearly that's not happening and we're

(01:06:43):
decades out and now we know we are transitioning to EVs
because of the massive investment in that space and
what's happening globally. But it's again going to take a lot
of time. And so when I think the fear of,
I think the fear driving change is that change happens no matter what and
it's often not in the ways that we think it will. I think

(01:07:05):
what's, I think when it comes and again,
driving itself is a relatively new experience for
human beings. Right. Like talk to, you know, people
in the horse world from two centuries ago.
What, what would that look like for, you know, that it's become an
equestrian sport and that's something everyone does. So who

(01:07:28):
knows where it's going? Like none of us do. I mean that's kind of the
fun of it all I think. And I also think, but I think
that what's really important is bringing young people
into this space and new ideas and thinking thoughtfully.
And I think, you know, like companies like what
RBW in the UK is doing and, and a

(01:07:50):
company like Decora in the US which are relatively
new companies but celebrating automotive history by making
electric cars that
are brand new are really interesting. It shows that these old shapes
and styles endure. And I think the more that we make
the past relevant to today, the better chance we have

(01:08:13):
of preserving it going forward.
William, it was really cool when you held up your 3D printed
Jaguar piece. How are you
evolving your restoration practice to meet the next wave of
enthusiasts? I think everybody just
loves detail. I think somebody mentioned before that you know,

(01:08:35):
40, 50 years ago, somebody restored a car for what was in front of them
because you're looking off Polaroid photographs or
equivalent. I've got some really clever young people working
for me, younger than me even, and we can 3D print
stuff. We can scan things off preservation cars and actually
find out that actually the car we're restoring had a part missing

(01:08:57):
when it got stolen in the 70s and we can reinstate that.
So, yeah, it's, it's a huge deal. It's a massive, massive
deal because without, without thinking forward, all
we're doing is repetition and to get
young people, new people into an industry. It can't be boring and sometimes it can

(01:09:17):
be a bit stuffy. I think in any mark you like, anything you collect,
the same people have been doing the same thing for a very long time, but
been doing it very well. I think we've got a few guys
in their 30s and guys in their 40s are buying some quite serious kit
and they're going completely different direction on who's managing the cars,
who's, who's collecting, who's the project manager for collecting that,

(01:09:39):
organizing that collection. So there's definitely a shift in pattern in what is
trendy. From what I've learned, my general
customer is probably between 50 and 70 plus, but
on the service side, so the cars which are cheaper to buy into, we've got
a much younger generation of 30s and 40s coming through buying them. So the interest
is still there in 50s and 60s cars, but certainly a lot more niche.

(01:10:02):
But my same customers are also buying Tuttle, Porsches,
Singers and equivalent. So I tend to see
my customers buy a heavily modified car
such as an Eagle or Jaguar. At the same time they're having a Ferrari built,
Ferrari Classiche or equivalent in the Jaguar world here.
So there's a big mixture of what's going on with it. It is

(01:10:25):
very, very relevant that we cannot move forward without looking at how
people who are buying the cars or who want to spend a four year process
restoring one. Everything's tailored for the individual, but we've got to
make it fun and youthful and that's what I'm trying quite hard to do. But
we can't do it without clever stuff like this, where even two years
ago we couldn't have made a badge out of

(01:10:46):
3D printing to do something cost effectively. And now we can
do that literally in our living room. So, yeah, it's cool.
That's very cool. Matt, you want to leave us with a closing thought?
Well, a little bit to what
Tamara was saying about the car. You know, the

(01:11:06):
car replaced horses, but horses didn't go away.
And I refer to it as equestrianization of the
automobile. That we found ways to enjoy cars
that go beyond their original purpose of just transportation.
In America, the automobile is mass transportation,

(01:11:27):
but now we have car meets car, country clubs,
driving tours. That's not going to go away. Even if,
even if there's the rise of the self driving
car. People look at automobiles
as a form of recreation. It's a

(01:11:48):
lifestyle, it's a community that's not going to go anywhere.
Just as there are hunt clubs and horse clubs and
all that other stuff. I see that part of the
auto industry growing and, and people who
service that market, like William and Rupert,
they're going to prosper these cars. You know, the people

(01:12:11):
go away, but the cars are still here and new people will come along who
will want to enjoy them and, and, and make a
lifestyle out of them. Tamara or
Rupert?
Well, I was just going to say, I think, you know, I, I agree.

(01:12:31):
I think, you know, I think the more we realize like how
spectacular this innovation is for our world, it's
going to be more fascinating to study and unpack in different ways. And one
area I know it will definitely live on is in
sort of the exhibition space and you know, museums like
Museum of Modern Art, collecting cars for use.

(01:12:54):
I think something to think about that, you know, in order
to be able to drive cars, there has to be good road space and
infrastructure to facilitate that. And so I think
to also love cars, you also have to think about roads.
And you know, a lot of the racetracks have shut down for
lots of different reasons, but it's also thinking about like how we think about

(01:13:15):
roads and space. And I think, you know, a major challenge
you have is like as much as you can love a classic car, nobody wants
to be in a classic car in a traffic jam, right? The most pleasant
thing. So I think it's also for it to go forward, we also have
to think about how we invest in the spaces that we want to use
cars in order for it to actually live and breathe

(01:13:37):
in a way that is not just for the very, very rich
that could afford to kind of have a private check membership,
but if we want to make that more available, it's thinking about our environment
and, and, and how to use cars in different ways.
Whether it's, you know, for a Sunday drive or an off
roading session or you know, a track day,

(01:14:01):
it's, it's the living, breathing part of man and machine that I think is
pretty fascinating. What our relationships going forward is still
to be determined. Rupert? Yeah, I was just
gonna say a few, if you, in months or a month's
time, we're all going to, a lot of us will be out in Monterey and
if you, if you wander around Monterey and if you, you took a snapshot of

(01:14:22):
it today versus what you would have seen 15 years ago, 20 years
ago, it's going to look completely different. You're going to things that are on the
auction block are going to look very different. Things that are on the show fields
are going to look very different. The types of events that are there are probably
catering for a much, much broader sphere. You know, we'll be offering
cars that are a year old or two years old. You would never have seen

(01:14:43):
that 15 years ago on, in, in the auctions. So I think it,
you know, it is, there is growth there and it does continue to evolve. And
I think we're, you know, we're, we're even doing podcasts like
this. We're very fortunate to have so much interest in,
in this whole community. It's, it, it certainly seems to have a lot of
momentum to me. Well, thank you to our

(01:15:05):
panelists. We will leave it there. What a conversation we've had.
A huge thanks to Matt, Rupert, Tamara and William
for sharing their experiences and passion with us today. One of
my favorite takeaways from this episode was the idea that
restoring a classic car isn't just about rebuilding a machine.
There's so much more than that. It's about preserving a story, honoring

(01:15:27):
craftsmanship, investing in something that connects
generations. Whether you're chasing Concorde
perfection, exploring the future of electrification,
or just wanting to enjoy cruising in style with family and friends,
these cars are cultural assets with meaning far beyond their
engines. Here's your one assignment for the week.

(01:15:50):
Find a car that has a personal meaning to you. Whether it's a car
you grew up with, saw in a movie, or admired from
afar and dig into its story, look it up, read about
it, maybe even check the market. YouTube is a great
resource for looking at cars and finding
people who are really, really passionate about cars. You might discover a

(01:16:13):
connection that turns into a future project or at the very least, a
deeper appreciation for what it means to
what it what it means to have these
legendary vehicles. Thanks for joining us. Be sure
to follow the show and share this episode with someone who loves cars,
stories and craftsmanship as much as we do. If you're on

(01:16:35):
LinkedIn, let's connect. Find Me by Searching Advisor
Andy Inspired Money is created and produced by me,
Bradley, John, Eagle Feather, and Chad Lawrence before
we part ways, I want to give a big shout out to our amazing
guests. If you want to go deeper with today's guests and here's where to
find them, you can follow Matt D. Lorenzo at at

(01:16:56):
LinkedIn, you can look for his upcoming book
Mercedes AMG Race Bread Performance, available
this November. And you can also go
to tightwadgarage.com
and find find more books and his
writings. Explore Rupert Banner's work

(01:17:19):
and upcoming auctions at goodenco.com where he
where he leads as Senior Specialist at Gooding Christie's.
Learn more about Tamara Warren in her automotive
platform at tamarawarren.com and check out
Le Car, her site helping people to make smart, stylish car
choices. And for stunning Jaguar restorations,

(01:17:41):
visit William Haynes and his
team at williamheynes.com to see what true heritage
craftsmanship looks like. Does anyone want
to plug or add anything else? I don't know if there are
additional websites or anything.
Stay tuned. You'll see some Monterey highlights coming up very shortly.

(01:18:03):
That's great. Yeah. If you want to check out
Lecar, it's at lecar.co
and I just
wanted to say thanks. This has been a fantastic conversation
everybody. Thank you for the panelists. Appreciate your
passion for autos and sharing your insights.

(01:18:24):
Thanks again everyone for joining us. You inspired money makers,
inspired money inspired money. We'll be back
next week, Wednesday, July 9th at 1pm Eastern. Our
topic Mindful Investing Integrating Values and
Impact in Investing in Investment
Decisions. I'll see you then. Until next time, do something

(01:18:47):
that scares you because that's where the magic happens. Thanks everyone.

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