275 NART Spyder lawsuit

Hello maybe Im missing something, Carl the buyer states that he bought both for 4.5 million yet later he says the NART is worth 7 million or so. So why is he complaining even if its damaged he got a deal and how does he know its damaged if he hasnt yet got the car. There all damaged at some point in 30 yrs or so unless it was in a time capsule. Im sure the dealer(seller) had or did a PPI and showed it to the buyer and both were satisfied. Unless he never got the NART or he got frustrated over the shipping. I guess I dont get it, thats why there lawyers involved.

 

If he bought a real NART spider and a Mc F1 for $4.5M, he got a great deal. Still, it sucks that both cars were damaged prior (while?) to delivery.

Obviously we dont know all the details (Why isn't the Mcf1 delivered?), it will be interesting to follow this story.

 

Sorry I should have wrote that he hasnt received the McF1 yet, so he still got a deal.

 

I'm confused here.

If the McLaren never showed up, how do they know about it overheating?

Also, who buys and pays for a car for that much money and doesn't have it inspected prior to paying for it?

 

The original story is four months old so maybe its resolved in some way that lets the McLaren be sold

 

The story is completely wrong factually.

Since the 1990s, Bernie Carl owned a 275 GTS/4 NART Spider #11057. It was quietly on the market for some time.

John Gillespie had a British client for a NART Spider. The client ended up purchasing 11057.

Apparently, some trades were sourced from two separate sellers, and injected into the transaction (i.e. perhaps Bernie Carl opted for some sort of a 1031-esque "Like-Kind" Tax Trade due to the large Captial Gains tax exposure from the sale of the NART Spider for circa-$7 million?).

Anyways, the two part-exchanges were a silver 1994 McLaren F1 road car #013 (sourced from a dealer in Tokyo), and a yellow 1966 Ferrari 275 GTB Alloy #08067 fitted from new with an outside fuel filler, factory roll bar and six carburetors), which was sourced from a well-known Southern California collector and vintage racer. The McLaren F1 apparently sits in the Free Trade Zone in Baltimore (i.e. it hasn't officially entered into the stream of U.S. Commerce).

Some people have posited/theorized that the aforementioned lawsuit might be related to Bernie Carl's general displeasure for what he believes to be a rather large discrepancy between what Cohen/Gillespie's actual acquisition costs were for the McLaren F1 and 275 GTB Alloy were, versus the respective values which were assigned to them in the Tax Trade structure, etc.

 

I was perplexed, too, why BC would want another NART Spyder or trading out his car for an unknown...

But, yes, at $4.5MM, you're not going to get a "correct" 275 NART Spyder and McL F1, I don't think. EVERYONE in their right mind would be clamoring to get that deal!

CW

 

Hasn't it happened before; a lawsuit following his car purchase?
CH

 

Lowest mileage F! car in USA{CA legal with BAR sticker to boot!) sold late summer 2010 for "mid-high threes,"
NARTS are MUCH more expensive than posters think...

These figs make NO sense...the "early VIN" F1 in Port Baltimore IS a candidate for Certification under ICI conformity rules...it's "just time and money...."
4.5M is "around" half of the cost for a legit NART(been shopped a few over last few years...)

The 275 VIN referenced earlier is a 6C, alloy, filler, rollbar "comp car"...also shopped to an associate who passed for unstated reasons...

This thread "sounds" like a mish mosh of several different, and unrelated, transactions and cars-IMHO ...

 

These two part-exchanges (McLaren F1 #013 and 275 GTB #08067), ARE currently being offered around (i.e. ostensibly with their CURRENT OWNER Bernie Carl's approval/authorization/consent). While all these cars (including 275 GTS/4 NART Spider #11057) might sound like a mish-mosh of several different, unrelated transactions, trust me they're all inter-related (i.e. "one-in-the-same").

 

Very interesting. Yeah, I thought Bernie Carl owned the Nart for quite some time. He also owns the second 250 GTO built, 3387.

 

08067 is currently offered for sale in FML by Beverly Hills Sports & Classic cars.

 

It must be an old ad as it is now in sunny Arizona!
Image Unavailable, Please Login

 

The add is in this week's FML.

 

Harley Cluxton is a good friend of Bernie Carl's, etc.

 

Man, a nose only a mother could love....

 

Its been in Arizona for 2 weeks now, must be quite a lead time for an ad to come out.
Harley is a good friend, but is not storing this one.

 

Was this Jimmy from Japan's car?

 

No.