​004: Line Item 22 and a Tale of Three Allards!

004: Line Item 22 and a Tale of Three Allards!

2/24/2019

This is Auto Sausage where we grind bits of automotive awesomeness into a brief but satisfying podcast about cars. On today’s show...Line 22 from Jerry Seinfeld's lawsuit and a tale of three Allards. Be sure to check out my Instagram pictures from these visits @AutoSausage and all links mentioned are in the show notes which can be found at LearnFromOthers.org under the Auto Sausage tab.

Jerry Seinfeld's lawsuit
- Line 22 as mentioned on this weeks Spike’s Car Radio…
- 22. On information and belief, Spike Feresten, the host of a television car show, attended the Auction and spoke about the automobiles from Mr. Seinfeld’s collection to be sold at the Auction at Mr. Seinfeld’s invitation. The New York Times reported Mr. Feresten “attended as a Porsche enthusiast and as a friend to Mr. Seinfeld”: “‘Jerry has been generous enough to let me drive an awful lot of his collection,’ Mr. Feresten said, before finding himself unable to resist making a ‘Seinfeld’ allusion. ‘And I can tell you: They’re real and they’re spectacular.’”
  - https://www.vanityfair.com/hollywood/2014/07/teri-hatcher-larry-david-seinfeld-line
  - https://www.imdb.com/title/tt0697711 /
- They did not use his real name…Michael
- 12. Gooding held the Auction on March 11, 2016 in Amelia Island, Florida.
- 28. In March of 2017, Fica Frio asked Lee Maxted-Page, the Managing Director of Maxted-Page Limited and one of the world’s foremost historic Porsche dealers, to prepare a proposal for a potential sale of the Vehicle.
- Between mid-February 2018 and through April 2018, Fica Frio had discussions with Gooding and informed Gooding of its concerns regarding the authenticity of the Vehicle and, ultimately, following further inspection and investigation, of the fact that the Vehicle is not authentic. Fica Frio, in good faith, sought Gooding’s assistance in making arrangements with Mr. Seinfeld to rescind and unwind the sale of the Vehicle.
- 32. On June 21, 2018, Mr. Seinfeld telephoned Mr. Monteverde directly and left a voicemail audio recording for Mr. Monteverde (the “Voicemail”). In the Voicemail, Mr. Seinfeld identified himself, stated that he heard from Gooding about the “counterfeit car,” stated that he wanted to “offer my apology for this nuisance and assure you that you will be completely indemnified in full and not have to keep the car and get all your money back,” and stated “I did want to apologize to you personally for that happening.”
- 33. In the Voicemail, Mr. Seinfeld also stated that he “would also love to know how your guys figured it out because I find that to be interesting cause that’s impressive my guys did not I guess see anything amiss with the car when I bought it.”
- 34 – Key verbiage…Fica Frio hereby offers again to rescind the Vehicle sale and return the Vehicle to Mr. Seinfeld in exchange for the return of Fica Frio’s purchase price and costs incurred by Fica Frio as a result of purchasing the Vehicle. Jerry Seinfeld's lawsuit
- FIRST CLAIM FOR NEGLIGENT MISREPRESENTATION
- SECOND CLAIM FOR INTENTIONAL MISREPRESENTATION
- THIRD CLAIM FOR MUTUAL MISTAKE
- FOURTH CLAIM FOR BREACH OF ORAL AGREEMENT
- FIFTH CLAIM FOR BREACH OF EXPRESS WARRANTY
- I am not a lawyer so I will not waste your time acting like I understand all of this.

A Tale of Three Allards
- Sold my 1966 Mustang on BAT and I was looking for the next ride
  - EAG Mini 1977
  - Porsche 911…’83 Sliver Convertible…996
  - Toyota FJ
  - Big 1960 cruising convertible
  - 1986-89 Mercedes
- Visited GR Auto Gallery in Grand Rapids, MI
  - https://www.grautogallery.com /
  - https://www.grautogallery.com/vehicles?utf8=%E2%9C%93&q%5Byear_eq%5D=&q%5Bmake_eq%5D=Allard&q%5Bmodel_eq%5D=&q%5Bprice_gteq%5D=&q%5Bbranch_eq%5D=Grand+Rapids&ftx=
  - 1948 Allard L Type
  - Bought in 2015 at RM Auctions sold for $52,250…around $48k
  - https://rmsothebys.com/hf15/hershey/lots/1948-allard-l-type/1076559
  - Hagerty Value is $98k/$67k/$48.4k Concours/Excellent/Good
  - Called to make an offer and they were asking $96k!
- Mercedes and then the “Silver” Allard
- BAT 1952 Allard K2
  - https://bringatrailer.com/listing/1952-allard-k2/
  - No sale at $82,500…weird headlights
  - Hagerty - #1 $170,000, #2 $128,000, #3 $100,000, #4 $86,800
- GR Auto Gallery Part 2
  - Auto Appraise video - https ://youtu.be/yH1W4lAyhJw
  - New price $64.9k

About Auto Sausage
Auto Sausage is an automotive podcast where Greg Stanley reviews recent auto auction trends, provides updates on who is leading the Auto Auction Guessing Game and talks about cool car places he visits while traveling across the US. Greg reviews antique cars, classic cars, muscle cars, exotic cars, hyper cars, JDM cars, Porsches, vintage SUVs and anything else with four wheels and that makes noise. If you like the Smoking Tire, Spike’s Car Radio or Car Cast, this is for you! This automotive podcast is available on iTunes, Stitcher, Google Play and wherever podcasts are found.
Greg uses the Sports Car Market and Hagerty Valuation Guide for sourcing automotive insights, trends and data points.
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