tv The Profit CNBC December 31, 2017 5:00am-6:00am EST
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but it was a unique time, some say never to be repeated. now that is one of the greatest motors of all time. >> i had to pick cars that no one else liked 'cause i was much like that in high school. >> you know, not much has changed. >> [laughs] >> but the good news, we're in the second golden age of the muscle car. i'll give him 40 grand for it right now. cars like the hellcat, 707 horsepower. [police sirens] he cut me off. >> my name's jay leno. >> the new mustang gt350 with the most powerful normally aspirated engine ford has ever produced. >> got to love the sound of a 5.2l. >> these new cars are faster, safer, get better mileage, and pollute less than anything produced back in the day. who would've guessed they'd still be building the mustang 50 years later? so as fun as those days were, the best days are still to come. >> legacy is still here. >> legacy is still here. [screams]
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>> tonight... it's okay. we're comedians. on "jay leno's garage"... >> [laughs] >> wow, right on the edge. a perfectly restored classic car can be a beautiful thing, but the car world is changing. >> yeah, don't move that. that's--yeah. >> no, no, no, normally you just go like this. nowadays, a car that looks like a complete wreck that doesn't run, that's rusted in every corner, can actually be worth more than the restored classic. how is that possible? >> there's value in a car that's just hung around as it was. >> and to prove the old saying, you can restore a car a million times, but it's only original once... >> [laughs] >> patrick dempsey takes us back to porsche's roots. is that better than the emmy? >> absolutely. >> yeah, it is, yeah. [both laugh] i take a trip down the strip in a cadillac that's older than the strip itself.
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>> the fact that all the people that designed this car are dead... >> guess that's true. my friend jerry seinfeld and i... >> i am really enjoying this drive. >> have a ridiculous conversation that makes no sense. >> for example, you are original and unrestored, right? >> that's right. i've been wearing these clothes 30 years? >> yeah. >> and to change them, i would lose all my value. >> that's what keeps your value. >> exactly. [upbeat music] ♪ [funky music] ♪ the car i'm driving right now, a 1927 duesenberg model x. looks like a gangster car because it's got the low roofline, and it's quite stylish for the period. it's just a wonderful old girl. the duesenberg brothers, fred and augie, were independent car builders. they were really race car guys, but they built cars to support
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their racing habit. the nice thing about this car, it's all original and unrestored. man named howard johnson bought this car in 1945. he put it in his garage, he locked the garage, there was an earthquake, the garage shifted so he couldn't get the door open, and the car stayed in there until 2005 when i pulled it out. in fact, his daughter, who grew up in the house, had never even seen the car 'cause she'd never been in the garage. he was a pretty secretive guy. a lot of us old car guys are pretty strange. [dramatic music] ♪ we redid the engine, obviously, and we did the brakes for safety, but everything else is exactly as it was in 1927. maybe you're wondering why i didn't fix all the dings, dents, and scratches on this incredibly rare vehicle. well, up to fairly recently, old unrestored cars... >> i got it for free. it was abandoned in palm desert for six years. >> didn't have as much value as perfectly restored cars. they never looked that good in 1962.
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>> no, they did not. >> no. yeah, this is perfect. >> but these days, many cars are looked upon as antiques. >> this morning, i was just putting a cloth over it, and a piece of paint came off. >> you wouldn't take an old chippendale dresser and refinish it. it would lose its value, and that's the thinking that goes into keeping these cars original. >> the man i bought it from was almost 90 years old, and his aunt actually gave it to him when he was ten, which i think was pretty exemplary for a car. >> that's what this episode is all about: original and unrestored. the next guy you're about to meet is almost as famous for his porsches as he is for being a comedian, and he is fanatical about original. you'll see what i'm talking about. [funky music] ♪ here we have three classic porsches from the '50s, and these cars are original and unrestored, and if you're a true collector, that is the most important thing.
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let's meet the owner of these cars. jerry, how are you, buddy? >> hi, jay. >> good to see you. >> thanks for having me on the show, boy. >> well, love to give young comics a new break. as you all know, jerry seinfeld, a great stand-up comedian and star of the show "seinfeld." plus, he's a real car guy and host of the very funny web show "comedians in cars getting coffee." >> don't people say that to you all the time? "is this a bit?" >> both: "are you doing a bit?" >> you go, "no, i'm talking." >> i'm talking to you right now. what you might not know is, we've been friends for over 30 years. that's a lot of cars and a lot of hairstyles. now, what do we have here? >> well, we have a '56 european, we have a '59 carrera, and a '58 speedster. pretty much the model line of the late '50s... >> right. >> from the top to the cheapest. >> these three unrestored cars are some of porsche's earliest models and started porsche's reign as one of the best sports car makers in the world. ferdinand porsche was a genius. he made everything from racing cars to tanks. but the 356 was
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their first production car. over 75,000 were built between the late 1940s and the early 1960s, and those that survived are loved and treasured. >> people do see this car when i drive it, and they see, like-- you know, if you look here, you see the paint is kind of cracking a little bit... >> right. >> and, uh, you know, here, it's, uh, a little deteriorated, and they go, "when are you gonna restore it?" and they don't seem to see that there's value in a car that's just hung around as it was. >> right, right. >> like, for example, you... >> yes. >> you know, are original and unrestored, right? >> that's right. i've been wearing these clothes since you've known me. >> that's what keeps your value. >> exactly. if there was such a thing as a porsche supercar in the '50s, this would have been it. >> the guy who spec'd it in '59, he got a speedster seat for the driver's side. he got rsk brakes and wheels. he has a special intake to cool the air into the carburetor. >> oh, i've never seen those. >> yeah, he was trying to make a light, high-performance touring car, and the car was barely used. that's the other amazing thing
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about it. it's only got 13,000 miles. >> and experts say all those factors put the value of this car at well over a million dollars. >> and i got this because of you. the guy had it his whole life, and he didn't want it to become an auction football, so he calls jay, and jay called me, i don't know why, and-- >> well, i knew if i had bought this car, seinfeld would never forgive me. >> no. >> he's the porsche guy. i like porsches, but i like other things too, like women and steak and things like that... >> yeah, no, not me. >> but you, you're just porsches... >> no, i sleep with porsches. i eat porsches-- >> so i know if i bought this car, it would be--this would be seinfeld, "doh! >> [laughs] >> da--gah!" you'd be just pulling your hair. >> i would. >> so i said, "i gotta call jerry," and of course, you jumped on it right away. >> it is the greatest car i've ever found. >> now, tell us about this one. 'cause this car was quite controversial. >> yes. this is the controversial speedster. people thought, "why would someone pay so much money for something that's gonna need a restoration?" and my whole point was, it's perfect exactly as it is. >> yeah. >> engine's never been apart and it still runs strong, and it's
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got 99,000 miles on it, so i'm gonna be the one that turns it over. >> oh, that's cool. >> yeah. you get in a car like this and you see how well-made it really was. so which of these three cars attracts your interest? >> this is the color of my brother's speedster. when my brother got back from vietnam, he bought a speedster for $800. >> wow. >> so let's take this one for a ride. >> great, let's do it. >> this will bring back some memories. is that cool? [rock music] ♪ it's action jerry. ♪ i could never wear sunglasses. >> i love your sunglasses bit. you did it on my show. >> i can't stand sunglasses. >> wh--why not? >> 'cause i go, "what does it look like now?" >> no. >> i don't wanna be fooled. "what does it look like now?" >> [laughs] >> "it's not really green. what does it look like now?" >> "mm, what does it really look like?" >> [unintelligible] [both laugh] >> this is fun. [mellow music] >> [laughs] [horn honks] >> it's okay. we're comedians.
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>> [laughs] >> we can run red lights. we're comedians. >> the only way you can be a comedian now, a young person, is, you pour your guts out onstage of whatever your pain is, whatever your, uh, trauma of life is. >> right. or you could just be funny. you know? >> [laughs] ♪ >> we're gonna take a right up here at the end of this. ♪ it shifts very nicely, doesn't it? >> oh, very smooth. there's not a rattle or a squeak in it. >> no, no. i'm gonna show you the greatest road. you will now live on this road after... >> wow. >> coming up, jerry and i discuss the finer things in life... you know, this is a bit like, uh, cindy crawford's mole. >> excuse me? >> and patrick dempsey shows me what gives him his racing edge. >> you're so alive that you don't think about anything else, and then you go bang. [engine revving] [engine revs] i love you, basement guest bathroom.
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[mellow music] ♪ >> i am really enjoying this drive. [horn honks] >> jerry seinfeld's taking me out in his unrestored porsche speedster to show me why he loves it. >> the key to driving is having the right car on the right road on the right day and being in the right mood. you have four elements that make a great drive, and i think we've got all four today.
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>> exactly. so when did you start actively collecting? >> the first old car i bought was a '58 speedster, the same color as this one. >> right. >> i bought it in '91. i was looking through "hemmings" in your kitchen... >> right. >> in the same house you're in now... >> right. >> and i bought it 'cause i thought it was pretty. i thought it was a great design, interesting-looking shape. if i only could have one sports car, it would be a speedster. steve mcqueen drove one of these. james dean raced one. >> yep. >> in the '50s, this was the cheapest way to go racing and you could win. whatever free time i have, i wanna talk about cars, look at cars, drive cars, read about cars... >> yeah, me too. >> and i don't bother with all the other [bleep]. you know? there's so much [bleep] that i have no interest in. >> right. that's what's fun about doing this show. i don't have to pretend to like the movie. >> right. >> "oh, yeah, you were fabulous." >> [laughs] >> "oh, you were really good." but what made you make the leap to all-in porsche?
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>> minimalism. this little car is the essence of sports car perfection to me. a graceful, aerodynamic, efficient, small car. >> right. >> there's no stupid lines on a porsche that don't make sense, that are there for no reason. >> right, and the '50 thing, you realize all that gimcrackery and the big fins and all that--they tried to say that the big fins stabilize the car. >> yeah. >> all this kind of phony-baloney. >> right. >> 'cause everybody wanted a jet plane, you know, 'cause of world war ii. that was just what it was. it was just gimcrackery. >> [laughs] [upbeat music] ♪ >> now, when we did your show, you had that, uh--was that a-- >> the gmuend. >> the gmuend. was that a '48--1948? >> that was a 1948. that was the oldest original-condition porsche in the world. >> wow. >> which--and you can see it right now by typing in "comedians in cars getting coffee." >> oh, there you go. i have to do that. >> yeah, and you can leave this
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program instantly. >> [laughs] >> it'll be another couple of decades and then it'll be just pod modules moving around. >> yeah. >> cars'll be like horses. they'll be luxury items. >> yeah, you know there are more horses now than there were during the civil war? >> you always know stuff like that. >> it's true. is this the greatest road? >> the greatest. >> look at this. don't you think you're in sicily now? look at this. >> yeah, it's fantastic. >> you don't wanna miss a turn here. >> no. remember that joke you used to do about looking into the canyon? >> people in california go, "oh, it's beautiful. oh, look at the view." new yorkers go, "you know, i could kill a guy here, man. you'd never get caught. [chuckles] [dramatic music] ♪ >> so be honest. do you get this car? >> oh, yes, of course i do. >> this is a great-running little car. as you know, old cars that are still around are usually mickey-moused... >> right. >> or they're badly restored. nobody did anything to this. >> yeah, you know, this is a bit like, uh, cindy crawford's mole.
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>> excuse me? >> it's beautiful, but there's an imperfection in it that makes it desirable. it has overcome odds. like a comedian. >> yes. >> you're never really gonna make it, so why are you going into show business? >> no, it's not possible to be a comedian. >> yeah, it's not possible, but it's the same type of deal. >> it is very much that. i do feel that. >> well, jerry, this is a perfect day. we have the perfect road, the perfect car, the perfect companion. >> and you threw in the word "gimcrackery," which i haven't heard since-- >> have you not heard "gimcrackery"? >> i have not heard "gimcrackery" in quite some time. >> yeah, yeah, well, that's what it is. >> it's good with velveeta, by the way, gimcrackery. >> let's get this baby home. a day like today is exactly the reason you keep a classic the way it is, and jerry's not the only one who feels that way. you know, for decades, people have been rebuilding their vehicles to show off at car shows, but recently, attention has turned to the rare untouched barn finds, and at the most prestigious auctions, these automotive works
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of art, ones that look like they're beyond redemption, are now pulling in some of the highest price tags... >> $650,000. [cheers and applause] [rock music] ♪ >> like this car. ♪ this is a 1969 dodge daytona. this is the kind of vehicle that caused a lot of people to get divorced. [both laugh] >> i haven't had time to buff it out yet. >> yeah, yes. when you went to the auction, there were a lot of other guys bidding on this? >> yeah, well, there--there were a few. >> how far over--'cause people walk in and, "i'm not gonna go higher than this." did you go higher than this? >> no, no, i went, uh, less. >> come on, the wife's not watching. tell me... >> no, i went--i went-- they said it would go between $150,000 and $250,000. >> yeah. >> i paid $90,000 for it. >> well, that's pretty good. >> it's a bargain. >> that's not bad. "it's a bargain, honey." >> the interesting thing was, at the auction, over here were all these restored beautiful hemi challengers, hemi 'cudas. everybody's walking right by them to take pictures of this, and that's when i said, that's the beauty.
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it needs to stay just like this because people love to talk about this car. >> yeah, this car was a variation of the dodge, but it was made more aerodynamic to run on talladega and all the big circuits, correct? >> yeah, because after losing the daytona 500 in 1969, two months later, they said, "we have to build a supercar." so they had six or seven months to go through an entire crash program to build this car. that's why you see in some areas like here, a lot of bondo was on the car... >> yeah. >> because they really put these cars together-- >> and that's factory bondo. >> this is factory bondo, which is very expensive bondo, i suppose. >> yeah, and that's gotta stay right here. >> yeah, don't move that. that's--yeah, that-- >> no, no, normally you just go like this, but, no, that's gotta stay right there. all right, there's your 440 magnum, original color. >> everything's original. the hoses are original. >> yeah. >> the hose clamps original. the alternator's original. >> and when was it taken off the road? what was the last registration sticker? do you know what year? >> in 1974. >> it hasn't been driven since '74? >> right, and we know that because it's got 1974, um,
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girlie magazines inside. [playful music] >> oh, okay, there you go. >> and we found nice, lacy panties. >> are those really nice, lacy panties? really? you know, you need to get out more often. i don't know what kind of women you're dating that you think those are nice, lacy-- >> i think, in 1974, these were pretty--they were nice. >> yeah, that--this woman is probably 75 years old. uh, hold 'em up again. if--if you're the young lady that owned these, please contact dr. jim norman. >> [laughs] >> yeah, yeah. >> please, don't. >> [laughs] [mellow music] ♪ >> one of my favorite parts of the car, of course... >> yeah. >> is this. see. the fungus here... >> oh, yeah. >> that adds a lot of aerodynamics. >> and the nice thing is, if you breathe enough of this in, you'll be dead in six months. >> exactly. >> it is fascinating how the hobby changes. 'cause 25 years ago, if you showed up with this with a show, they'd kick you out. >> yeah. >> now you can win the show because it's a nice original, unmolested car. >> yeah. >> well, uh, congratulations on having an understanding wife.
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>> [chuckles] >> that's--i don't even want to put the dirt on my finger 'cause i would probably lose $2,500 with--that's dedication. >> that's-- that's a tetanus shot right there. >> cool, cool. >> [laughs] >> coming up... >> it's got so much pull. >> patrick dempsey drives really close to our camera car. [engine revs] >> [laughs] >> wow, right on the edge. [engine revs]
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[mellow funky music] ♪ >> the car i'm driving right now is a 1971 porsche 911t. it's a one-owner car. i found this in beverly hills, of all places. the owner bought it new in '71. in the '90s, he parked it in his mother's condo underground. it just sat and sat and sat but in a dry, dark environment, so that's why everything stayed pretty nice. the porsche 911 was introduced in 1963 as a more powerful, larger replacement for the porsche 356.
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this is the way you want to find one of these. it's just a wonderful driving car. light and nimble. [rock music] and since porsche has always focused on speed and handling... here we go. i'm meeting a racing expert at willow springs. we're gonna check out a variety of untouched 911s to see how that evolution has continued. patrick, how are you? >> great to be here, jay. thank you. gorgeous. >> beauty, isn't it? >> a gorgeous car. >> patrick dempsey is one of the most recognizable faces in hollywood and also one of the nicest guys, with starring roles in both film and tv, but he's also made a name for himself in the racing world. he's got his own porsche team, and last year, dempsey racing took the podium at the 24 hours of le mans. they're in their natural habitat. >> they are. perfect for california. this is beautiful. what's this color? >> uh, this--i think baby poop brown, the unofficial color, but... >> baby--yeah. >> this is the one to have, obviously. >> this is the holy grail,
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really, right? >> yeah. this 1973 porsche carrera 2.7 rs is basically a race car for the street. built to meet motorsport standards, it has a larger engine, 2.7 liters; a stiffer suspension; and wider rear wheels and fenders than the standard 911s. >> it's, what, 210 horsepower? >> 210 horse, and it's got a little thinner sheet metal, and it's got the houndstooth interior. >> this is it. i mean, this is the essence, to me, of what porsche's about, right here. >> well, you race porsche, so... >> yeah, was on the podium there last year. >> yeah, is that better than the emmy? >> absolutely. >> yeah, yeah, yeah, it is. >> at least you know you have something there. >> yeah, yeah. >> yeah, no, it's not subjective. >> yeah, that's right. this is probably the rarest and the most valuable modern-era classic porsche. with only 1,500 of these produced in 1973, this porsche carrera is estimated to be worth nearly... [cash register dings] a million dollars, and a big part of that price tag is due to the fact that it is mechanically original. let's take it for a ride. >> all right, then.
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[soft dramatic music] [engine turns over and revs] ♪ >> in hopes of keeping this beauty original and considering its six-figure price tag, we're gonna take the course nice and easy. ♪ >> it pulls nice, doesn't it? >> yeah, very nice. >> yeah, the question is the braking. i don't trust the brakes necessarily either. >> what? >> i just wanna roll through these corners. they're tricky cars to drive, uh, on the edge. [tires squealing] see the understeer there? >> yeah, yeah. >> [laughs] that's why i don't like to race the vintage cars. they're not safe. >> right. >> but, see, you never got into racing ever. >> if i started to race, now that's my job. okay, now my career suffers, and i think you can identify with this. you know, you're trying to do your acting job, "what is the thing with that clutch?" "patrick?" "huh? oh, yes, yes! oh, my god, the patient's alive!" you know what i mean? [both laughing] you're thinking about--you're thinking about your clutch
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problem, whatever it is. it's like, i don't wanna make my hobby my job. >> right. [upbeat music] ♪ >> you know, the thing about these cars is, they kind of sit in collections and they don't get driven, you know? >> yeah. and they're so valuable that it's a shame they can't be driven the way they're meant to be driven. you can feel the car has a lot more power behind it than what we wanna--what we can do right now. >> now, where did your whole interest--did it start in high school? >> yeah, my dad was a big fan of racing. >> oh, is that right, yeah? >> yeah, he grew up in maryland. he--you know, he was part of that generation of the moonshine runners... >> right, right, oh, yeah. >> which was really fascinating, and he had a short-track car, and on friday nights, he would bring me a matchbox car home every--every week. >> yeah. >> his passion for racing was mine, and, you know, that's always something i loved as a kid, and i think that's why i like the racing so much. it reminds me of that, uh--of that time in my life. >> is your dad still with us? >> uh, he passed away when i was about, uh, 17. >> aw, i'm sorry. >> uh, and, um, i think he would have loved the racing. he wasn't too keen on the acting so much, but... >> well, i'm sure he's watching.
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>> absolutely. >> yeah. was it always european cars for you? >> yeah, i've never had an american car, actually. >> really? >> my first big job was "can't buy me love"... >> right. >> and i spend my entire paycheck on a 1963 356, and that changed everything. >> [laughs] [engine humming] you know what we should do? let's take this back in. i'd like to see your skill as a race car driver. >> all right, i think the next car, we're gonna enjoy quite a bit. >> i think the next one's gonna be cool. now, original, unrestored doesn't have to mean old, right? sometimes it could be six weeks old. oh, look at this. >> here we go. [dramatic music] ♪ >> the folks at porsche were kind enough to lend us the direct descendant of the 911 rs... out with the old, in with the new. a 2016 911 gt3 rs. like its predecessor, this latest race car for the road has a flat-six engine, but this time, it's 4 liters. and this is also original and unrestored. >> [laughs]
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>> i mean, it's brand-new. let's take it for a ride. >> this should be fun. [engine turns over and revs] [engine revving] it's got so much pull. [engine revving] >> now we'll get a chance to see how patrick dempsey really handles a race car. ♪ >> [laughs] ♪ >> you feel the 40-year difference... >> oh, my god, the-- >> between the old car and the new car. it's amazing, isn't it? >> the rear-wheel steer is a big difference on this car. >> yeah, that's right. this has got rear-wheel steering. and believe me, this new technology helps shave seconds off of every corner. [engine revving] ♪
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>> [laughs] the rear end just comes around and sets really nicely. >> boy, it does. it feels like a--feels like it's got a center post in its turning. [tires squealing] >> [laughs] >> wow, right on the edge. i mean, that's really amazing. >> god, i just love this car. ♪ there's nothing better than racing, especially when you're in a good battle with somebody and you're, like, this close to somebody. i mean, you're going as fast as you can... >> right. >> and you're trying to get by 'em, and you got people in different classes behind you, trying to get by you. your situational awareness is, you're so alive that you don't think about anything else, and then you go bang. [engine revving] >> [laughs] >> yeah, that's-- you know, it's amazing what a difference 40 years of engineering evolution can make, and there's nothing like having a professional porsche driver demonstrate what these can do. >> there you go. >> oh. patrick, thank you. that was a lot of fun. >> jay, thank you. it's been a pleasure.
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>> you're a real race car driver and a movie star and a tv st-- you got the whole thing going, so congratulations, my friend. you're living the dream. >> thank you. i'm having a good time. >> thanks again. >> my pleasure. thank you. >> thank you, buddy. coming up... >> you can't beat a prettier car than a '41 caddy. >> no, it's beautiful. cadillac king phil maloof shows me how to cruise the strip. >> you like the white sidewalls? [engine revs]
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[upbeat music] ♪ >> it takes a certain type of person to live in vegas... and you're gonna meet one of the originals. >> well, i'll be. >> how are you, phil? >> i'm pretty good. >> good to see you, my friend. >> oh, hey, you look pretty good. you lost weight, huh? >> well, yeah, i lost weight. yeah, that's me. phil and the maloof family made their fortune owning sports teams and casinos and distributing beer. but forget that. it's his collection of nearly 200 cars that i'm interested in seeing. ♪ >> i love the classics. i love the white sidewalls. i love the two-tone. i love the metal. these new cars look like women without chins. >> [laughs] >> you gotta have a chin--excuse me, you know. >> thank you. well, i think i got the chin part covered, huh? i'm okay. >> you're okay. >> yeah, yeah. >> i don't like all this hair-- the women's hair, straight, straight. why don't they cut it and turn it around? >> [laughs] >> like they did in the '30s. >> yeah, yeah. >> i say, "who's their hairdresser? you don't have to have a hairdresser. >> you know, that's the first
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thing is say when i see a woman, "who--who is the hairdresser here?" >> the hairdresser. >> "what are you doing?" >> talk about hair... >> yeah. >> i'm 89 years old... >> right. >> i still have my hair. >> and, you know, you are older than sliced bread. you know that? >> sliced bread, but-- >> sliced bread didn't come in till '27. >> i don't like the bread. i like wheat bread. forget the white bread. everybody out there, get wheat bread. >> yeah. so your nightmare would be a waitress with straight hair bringing you white bread. >> oh, my god. >> that would be a horrible thing, that would be. >> i'd rather be dead. >> you'd rather--you'd rather be dead? >> yeah, i-i don't know why they--ugh. [both laugh] [dramatic music] >> over the last 70-odd years, phil maloof has turned his love for classic cars into a massive collection. everything from a 1937 custom-built rolls-royce... [cash register dings] >> one of a kind. notice it's got the kneeling lady. the kneeling lady means it's a v-12. >> to a 1950 chevy... [cash register dings] still in showroom condition. so unspoiled, it's still got the window sticker. >> this cost $1,200 when it was new. >> how much extra with turn signals? $15. >> $15 for turn signals. >> i don't know if i'm gonna spend that kind of dough. >> yeah. >> but 75 years ago, the very first car he drove
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stole his heart. >> my favorite car is 1941 cadillac. that's the year i started driving. >> okay. >> i got not 1 but 33 of 'em. >> you got 33? >> 33. i got the two-door convertible. i got the four-door convertibles. you can't beat a prettier car than a brand-new '41 cadillac. >> yeah, that's right, he owns 33 1941 cadillacs. you name it, he's got it. the coupe, the sedan, deluxe, convertible, he's got 'em all, and most of them are completely untouched. [cash register dings] >> and look at the beautiful white sidewalls. >> yeah, yeah. >> and then here where--you know where you put the gas? >> is it--let's see. >> there it is. >> right here. there you go. >> there we go. remember that? >> yeah, i always thought that was cool. >> [laughs] but lookit here. >> both: gas rationing. >> yeah. >> uh, if you were a movie star, gary cooper or something, you got an "a." >> yeah. >> if you were a jay leno, you get a zero. >> you get a zero. well, thank you very much. >> [laughs] that's right. >> but if i curl my hair, i can get--i think i can get the "a." >> oh, yeah. [chuckles] >> okay. >> this one has only 5,000
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original miles. >> wow. >> it even smells. when's the last time you smelled a '41? >> i haven't smelled a '41 for a long time. >> [laughs] i wanna show you what it smells like. >> [grunts] [playful music] you know, it smells like a '42... >> [laughs] >> but i guess it's a '41, huh? >> '41. >> yeah. this is probably the most extensive collection of one make of car i've ever seen, but to get a real sense of these cadillacs, you gotta take 'em on the road. well, let's take this baby for a ride. what do you think? >> okay. >> old vegas in an old car... >> with and old man. >> with an old guy. yeah, there you go... >> i'm an old guy. [upbeat music] ♪ >> this the first time you've ever driven a '41 cadillac? >> i think it is. >> yeah. >> it's beautiful. ♪ fremont east district. i never been down here. this is really the old vegas, isn't it? >> it is. yeah, that's right. >> so how have you seen vegas change over the years? >> i've seen it change since 1958. >> yeah? >> this was the first hotel in las vegas. >> oh, yeah, the golden gate, yeah. and how much was the show--
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dinner and a show in those days? >> three--$3.50... >> $3.50. >> and i says, "i don't think i wanna go. it's too expensive. >> that's funny. driving around old las vegas in an old cadillac with an old guy transports you back to another time. >> wow, she knows it's a '41. look at that, yeah. >> you like the white sidewalls? >> love it. >> yeah. [laughs] the fact that all the people that designed this car are dead... >> if only briefly. [chuckles] yeah, i gue--guess that's true. >> yeah. >> well, phil, thanks for saving 'em. it's a real piece of history. >> i save 'em. >> let's go take a look at your house. >> yeah. ♪ wait till you see my house. you can't miss it. >> wh--i-i can miss it. i don't know what it looks like. >> it's gonna be o--no, you tell me which is my house. >> okay, i gotta--i'm gonna try and figure out which one is your house. >> yeah, which one is weirdo. >> yeah, these all look pretty normal. >> yeah, everything is normal here. >> i'm guessing it's this one right here. >> how did you know? yeah, how'd you could tell? look, look, look, look. look--
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>> here we go. >> look at that. it's one of a kind. i got a surprise for you inside... >> uh-oh. >> that your gonna say, "wow." >> all right, i will say it. >> when's the last time you went inside and said, "wow"? >> it's been a while. >> it's been a while, yeah, yeah, yeah. here it is. >> wow. >> i knew you were gonna say that. >> you thought phil's collection stopped at cars? el wrong-o, pal! [organ music playing] you like statues? we got statues. you like pipe organs? we got those too. wait till you see this. ♪ >> there. ♪ wow. >> well, phil, you've outdone yourself. >> i've outdone myself twice. look. >> wow. >> look at this guy here. >> you know what i'd like to do? get somebody drunk and
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drop them off here. >> yeah. >> but we'll save that for another time. let's meet another unique collector. >> my experience with barn finds goes back to even high school. remember going and looking in people's garages and barns, pulling out classic cars, and these very personable experiences drive the passion for me and really for all classic car owners. my name is blue nelson, and i search the world over for cars for private collections. i really enjoy cars that have a story, and that's one of those things, you know, as a car collector, you kind of wrestle with. do i make it exactly original, or do i preserve the story that's been given to me? [rock music] the plymouth has a very special story because my uncle had a neighbor, her husband had a heart attack and passed away in the late '70s, and the car remained in the garage, untouched, for a little over 30 years, and so he called me and he said, "blue, you know, there's one of those old chryslers you love."
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we lifted the garage, and there was the car sitting there on flat tires under sheets and boxes and some other stuff. that's when she said, "i think the groceries will still be in the trunk." we all raced around to the trunk, and we're trying to--the lock was kind of stuck, and we open the trunk and the groceries were still sitting in there. there was a box of cereal, which is still in the trunk now. i just left it in there. june came over and we opened the door and she sat inside, and she pulled out a photo album, and there were pictures of her on her honeymoon that they took in 1949 when the car was new. it was very emotional because she hadn't seen those pictures since her husband passed away. and so every time i drive the car, i see a picture of that day, and i'm reminded how lucky and fortunate i am to be the next caretaker. [country music] >> and blue's luck hasn't run out yet. he's got a line on a barn find down in san diego. >> you would never know what's in there is pure gold. today i'm picking up a 1953 porsche coupe. it's called a "pre-a" porsche.
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these cars, even restored, are worth more than $1/4 million. it'd be funny if i open it up and it was, like, a honda accord. [both laugh] [whistles] okay. [drumroll] oh, wow. look at this! oh, boy. yeah, don't scratch it. [all laugh] wow. and this particular porsche has been put away for about 50 years now, untouched, and no one's seen it. i wasn't even born when this was registered. [both laugh] to see it in this shape is the best thing because once you wash it, it just slowly turns into every other car. it took mother nature 50 years to get to this point, so why rush turning it into everything else that happens in 50 minutes? >> yeah. >> uh, yeah, go the other way with your wheel. hold on for a second. >> we're moving. >> go slow, go slow 'cause i gotta-- just go slow 'cause i can't steer. [all laugh] >> it's fascinating to see this window into the past. >> no way! >> oh, man!
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>> it's a whole family of ra-- >> we've got a couple nests here. >> uh, no, that rat is not gonna be restored. it is completely original. >> this is fantastic. i'm--i am the luckiest guy around to be able to be the person to do this. it doesn't get any better than this. i mean, that is a bitching car. [door clatters shut] >> coming up... what do you get when you take a 1927 bugatti, throw it in a lake in switzerland? >> this is one of the best pieces in our whole collection. >> the lady of the lake. [engine revs]
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[mellow music] >> the peter mullin museum houses the largest collection of privately owned bugattis in the world, and peter mullin has dedicated his life to bringing these cars back to the way ettore bugatti originally intended them. but the story of how this 1925 bugatti brescia got here, well, it's even crazier than it looks. >> you look at this car, and it looks like maybe it needs to be in a junkyard. well, it isn't. it's a piece of artwork. [playful music] in 1934, it was owned by a very famous race car driver called rené dreyfus, who had won the million franc race in 1937. he was a person who liked to gamble in addition to, uh, racing cars and was playing poker with a gentleman named bodé, who was from, uh, switzerland, and mr. dreyfus put up this car to cover his bets. well, mr. bodé had a much better hand. >> mr. bodé took the kitty and headed home. >> he was stopped by a border guard.
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"welcome to switzerland, and you owe us a ton of money." the taxes had not been paid on that car for many, many years, and the taxes were actually much more than the car was actually worth at the time, and the rule in switzerland was, if the car was not worth as much as the duty that was owed on it, property was to be destroyed. so the concept was, "let's sink it into lake maggiore." [water splashes] [dramatic music] >> the car remained submerged until 2009... when a local dive team decided to pull it up and auction it off for charity to prevent youth violence. >> the diver that discovered it saw that it was laying on its left side, and that's why the left side of this car is preserved because it worked its way underneath the bottom. >> well, it wasn't long after it surfaced before deep-pocketed bidders set their sights on restoring this piece of history. >> peter saw this car, and he says, "no, no, no, this car is a piece of artwork." it was created by one of the best minds in the world in terms of automotive engineering, and then it was further created by mother nature. you got two of the greatest artistes, if you wish, in the
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world that created this. so he ended up paying over $300,000 for this car, ten times the amount of money that he wanted to pay, to keep it in the condition that it's in. >> that's some serious dedication to preservation, and it looks like it paid off. >> in my opinion, this is one of the best pieces in our whole collection. the people i take on tour come in here, and they look at the car, and they go... [sighs] and it's kind of like the first time you see the "mona lisa." [big band music] >> buckle up, folks. it's time to assess & caress with donald osborne. ♪ >> ♪ if you love classic cars ♪ then donald loves you [cash register dings] [bell dings] >> once again, we are back with our original and unrestored appraiser, uh, donald osborne. do not attempt to adjust the color of your set. those are turquoise pants.
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donald, how are you? >> i'm just doing terrifically, jay. thank you very much. >> good to see you again, my friend. now, we have three cars here. tell us what we have. >> we have a 1959 nash metropolitan... >> mm-hmm. >> a 1967 panhard 24 bt, and a 1967 imperial crown coupe. >> and the thing these three cars have in common is what? >> they have not been restored. let's start with the nash metropolitan. >> okay. >> this is the first what we call captive import, built entirely in the uk with british mechanicals and imported and sold only in america. this would be a classic barn find. you see that the upholstery is slightly burned and may have had some animal inhabitants at some point. >> right, right. >> uh, the paint is toasted off of the car. obviously, the surfaces here are beyond preserving. >> yeah. >> and you couldn't sit on that interior. >> let's move on to our second car. >> this particular panhard was the last gasp of one of the oldest car manufacturers in the world, panhard et levassor. >> right. >> started at the turn of the last century and indeed actually gave us
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the modern motorcar. the système panhard was a front-engine, four wheels, rear-wheel drive. >> this is a totally original car as it stands now. >> the surfaces are the original surfaces. this paint actually might polish up to a certain shine. >> eh, i tried it. >> [laughs] ah. >> didn't really polish up. >> okay, well, it's polished up now to a certain shine. >> right, right. >> uh, the interior is complete. there are a couple of tears and rips, but it is as it was manufactured. couple of splits in the dashboard. >> yeah, and it gets about 40 miles per gallon. it's an excellent car, unless you get hit by that car. >> jay, all you need to know about europe and america is to compare these two 1967 cars. 1967 france. 1967 usa. >> and the funny thing is, it's a--it's a sport coupe. [both laugh] it's like, this is the sporty model. these were so overbuilt. when i was a kid, uh, they used to have the demolition derbies, and if you showed up with an imperial, nine times out of ten, you'd be banned because you had an unfair advantage. they were so heavy and so strong. >> this car is virtually original. the interior is
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completely original. some of the body panels have been repainted... >> right. >> as was necessary with little scratches and fender benders and things like that, but this is a car that has always been loved, maintained-- >> yeah, this car was owned by a movie producer. when i went to see him, he was wearing an ascot and a smoking jacket. he was waiting out front of his garage. he was in his 90s then, he couldn't drive anymore, and he had with him a man in his 70s, and he said, "jay, this is my mechanic. he serviced the car once a month at my home." so he goes, "if you--if you get this car, you gotta take all this crap with you," and he opened the garage door next to me. it was filled with extra bumpers and wheel covers and every part he needed in case he ever had an accident. >> that is the kind of passionate connection with a car that collectors really love. >> well, let's see. now, we have three cars. which one will go up the most in value? i'm going to pick the imperial. >> you're gonna pick the imperial? >> mm-hmm. >> okay. >> this and more after a brief message from our sponsors. >> female announcer: this is that nash "airflyte" rambler you've been hearing about, america's first really sensible rattle-proof convertible.
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>> and we're back with donald osborne. [bell dings] all right, donald, which of these vehicles has appreciated the most? >> the metropolitan, in this condition, which is a restoration candidate-- this is not a preservation car. this is not something that you just want to sort of polish up and move along. even though your good friend jerry seinfeld recently bought a car in similar condition to
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this, a porsche, it's really not the kind of thing that you want to celebrate. five years ago, a car in this condition could have been purchased for about $6,000. today it would probably cost you about $8,000 to buy one. >> well, the interesting thing is, i got this for free. a lady called me and said, "it's been sitting in my driveway for years. it doesn't run. do you want it?" but see, unlike jerry's car, it didn't run. it hasn't run in years. jerry's was mechanically perfect. it just had patina. >> the panhard is next. five years ago, a car in this condition sold for about $12,000. today a car like this would sell for around $9,000. >> you think it's gone down. >> it's actually gone down in value a bit. >> now let's go to the imperial. >> now to the imperial. five years ago, a car like this might have cost you $15,000. >> right. >> today $28,000 would be the price to pay for a car like this. you were right. >> ah. >> and if i might step out on a limb, i would say, of these three cars, the imperial has the best potential for future appreciation.
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>> i would say, with those turquoise pants, you already stepped out on a limb. >> [laughs] >> donald, thank you very much. >> thanks, jay. >> whether you're a guy who likes a handcrafted car that's never been apart... >> it's perfect exactly as it is. >> someone with a taste for vintage speed... >> see the understeer there? [laughs] >> or maybe you just love the archaeological thrill of unearthing a car that hasn't seen the light of day in decades... >> no way! >> one thing's for sure... >> these new cars look like women without chins. >> a fine automobile can get better... >> people love to talk about this car. >> and more valuable... >> he ended up paying ten times the amount of money that he wanted to pay. >> when left original and unrestored. [horn honks] >> "what does it look like now?" >> huh? what's it look like now? it's true. i can't stand it. >> [laughs]
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we're live for the very last show of 2017 it is absolutely freezing outside but the guys behind me are warming up while they are doing that, here is what's coming up on the show. ♪ >> crude oil just hit its highest level in more than two years and the chart master says it could create a boom he'll break it down. plus that's what volatility was like this year and it's created a phenomenon on the options market we'll explain. and later mike's figured out a
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