LV Eric sold his GTR

I still argue that if you can't explain what you do in 5 seconds you're up to no good.

Since we are talking about old members here(kinda). Does anyone remember Andreas or something like that? With the Verde Roadster for SoCal? Or the guy from Ohio(I think) who was changing cars quite often between SLRs, Carerra GT, Gallardo, Murcie, etc.? If anyone remembers them, anyone know what happened to them?

Another article about him and the house, and yes, it was bought by Phil Ruffin, who owns TI...

 

Are the wealthy fleeing? ‘It all collapsed,’ says businessman who lost millions

 

Great article, I am finding this quote to becoming more and more common..

 

 

 

"Although he has a home in Beverly Hills, Petersen said he plans to buy another house in Las Vegas at some point because of his business interest. He will rent for now."

I still argue that if you can't explain what you do in 5 seconds you're up to no good.

 

I disagree. What i do is nobody's business and if chose to explain i, it would be to people i know well and trust and i can guarantee you it would take more than 5 seconds..

I disagree. What i do is nobody's business and if chose to explain i, it would be to people i know well and trust and i can guarantee you it would take more than 5 seconds..

 

Why do you think he is talking about you explaining it to strangers? I think the question assumes you are trying to tell the person what you do. And would it really would take you longer than 5 seconds to say "I make sure people don't buy Boxters"?

Or the guy from Ohio(I think) who was changing cars quite often between SLRs, Carerra GT, Gallardo, Murcie, etc.?

 

magwheel?

 

 

Why do you think he is talking about you explaining it to strangers? I think the question assumes you are trying to tell the person what you do. And would it really would take you longer than 5 seconds to say "I make sure people don't buy Boxters"?

 

I hate when people ask me what I do, not because I don't want to tell them it's more because I can't be bothered, when I do get asked I am always thinking of the answers people give on LP, pornstar etc and start smiling.

 

The funniest thing happened few months ago, my wife invited one of her friends and her husband over for dinner, her husband, at the dinner table, asked me what I do for a living etc then decided to ask me how much I earn, I was thinking to myself WTF!

 

I stood up went to my office picked up my tax returns for the last 4 years and put them on the table in front of him

 

There were about 15 seconds of awkwardness followed by laughter then a quick apology followed by a succinct dinner, the part I enjoyed the most

 

 

Why is it that these non-road legal GTR's are in the US on a permanent basis, while a car like Sesto Elemento only can be brought in for special track events, if even that??

magwheel?

 

 

Yeah, he came to mind as well. He was more on Fchat wasn't he? I don't know if he's still there as much...last I saw he had the same place in Ohio, 3 Ferrari's, 2 Range's and something else I believe.

magwheel?

Yep, I just looked at his profile here. He still lurks just doesnt post, he last logged in today.

His blue one revving (at 1:00) at Concorso in 2006.

 

 

VINKING is in that video! He still in Hong Kong? Anyone hear from him?

I disagree. What i do is nobody's business and if chose to explain i, it would be to people i know well and trust and i can guarantee you it would take more than 5 seconds..

 

I cant agree with you more on this. We each have to sleep with our selfs at night and answer for our selfs down the road. I have to jump in here and say it is un-fair and wrong to "Judge" anyuone by newspaper areticals or I heard he heard rumors..you would not want it done to you..?

 

I have met Eric several times, visited his house in Vegas a few times as well, spoke to him on the phone countless times. I have never pried into his private life as it is NONE of my business. I can say each and every time he has treated me with respect and been nice to me as well.

 

My last contact with him at the Jay Leno show I spoke with him and his wife in length. He was in obvious pain still from his medical issues with his back and that sure can not be fun and has dimissed his "zest" for pleasures he used to do that he cant any longer with his pain. I would not wish his medical issues on anyone, friend or foe. We can all "Assume" why he is parting with his toy's, but that is at assume. They are his toys and he can do as he wishes. We spoke in length about bringing his cars to my store in Seattle and placing them on consigment as he just does not use them any longer. He was now driving a nice comfy Rolls that fit with his back issue. He decided to place the cars on consigment with Symbolic as they were closer to his home and he felt they had a bigger shot at selling them. I wish him the best. I still have phone contact with him quite often so if anyone wants to get straight info on any of his cars for sale, a few others, as well as those at Symbolic...I would be more than happy to work with you and him in a Broker status.

 

 

I disagree. What i do is nobody's business and if chose to explain i, it would be to people i know well and trust and i can guarantee you it would take more than 5 seconds..

 

I didn't mean to complete strangers. But for all intents and purposes, if you can't realistically explain in a few seconds what you do - ex, "I own a company that sells rugs," "I sell insurance to companies," "I make and sell boats," "I own many businesses, most of which deal in wholesaling (blank)." That kind of stuff. It's more a figure of speech than anything.

 

Local example is a guy from a town near me who had several hot cars, including a Veyron, owned some very expensive properties and is now facing federal charges of defrauding people and running a little ponzi scheme. I asked his mechanic what he did once, and it was vaguely explained along the lines of "flipping companies," but it couldn't really be described in less than a paragraph. That tells me something is fishy. And guess what, the shoe fit!

 

Edit: And by no means am I judging LV Eric - I've never met the guy - but just going off what little information I've seen here and saying in general, I've found that the guys who can't easily explain what they in less than a minute are up to some shady shit. The kind of guys who run ponzi schemes, take part in predatory lending, steal, cheat, and lie. I've met enough to know them when I see them.

Why is it that these non-road legal GTR's are in the US on a permanent basis, while a car like Sesto Elemento only can be brought in for special track events, if even that??

 

I will try to explain it for you here.

 

As far as my SV-R and my GT-R that are here in the States. I bought both of them from the orginal owner that had them racing in Europe. When he was done racing, the DOT allowed them in here as a kind of "show-display" status for his collection and due to (as the law allows) it's "significant history" to the automotive industry ..that is a "key phrase" to get a car here into the USA that is not normalluy allowed. I still have my SV-R, however have sold the GT-R and it is enroute to Japan. Part of the rule is very very clear. The car MUST be sold to another "collector" of Vehicle history importance..I.E. collector, museum, Dealer etc etc..that's how I got mine. It must also be disclosed in writing the car is NOT FOR SALE to general public or it "May" be forfieted to DOT. It has to also be disclosed the car is NOT here on DOT papers, bond nor can it be titled, licensed or any other form of permante status given to it. My GT-R was never able to be titled and such it was required to sell out of the country, once gone it is almost impossible to bring it back..in another words it lived its "one shot" life here in the USA. My SV-R was a different case as I was able to modify it enough to meet DOT requirments and get it titled and licensed for the street. As far as the GT-R for sale with SYmbolic, (not to slam them), it can not be sold to at least a California Resident as California Law requires the selling Dealer to have the car titled and smogged prior to Delivery, however they can sell it on a Bill of Sale..but again will be an issue for California State Sales tax collection. It most likely will be sold to leave the country.

 

The other SV-R here in the states, the French country blue one, is for sale, but agian only under the conditions as stated above. The last GT car, from the collection out of NY COULD not be sold at auction last year due to it's none title issue and has since sold to and left the country for Switzerland. There are but 4 GT cars left.

 

The two remaining GT-R cars, Erics, the Blue and this Yellow one came n under the "Historic" clause via LOC. One with race history (Blue) the Yellow as the "last" one produced. The Blue one is titled and plated via FLorida and will for the most part have no major issue remaining here in the States. The Yellow one, not so easy, it will either sell out of the Country OR to a person that will buy it here with the diclouser of the possability of it haveing to be exported out in the future.

 

SInce the time, 10 plus years ago these cars got here, the laws have changed and it is frowned upon for them to remain, however the ones that have gotten titled and plated, a blind eye is turned to those...but the remaing GT-R and three GT cars that are still under the "collector" status...will more than likely NOT trade hands back into a USA owner to remain here in the country. As long as they stay where they are and with who they are, no one is going to come get them.

 

It was a small window of opportunity to get them here, there was a few smart people that quickly got them titled and licensed with minor modifications and they are here to stay..the other's, sad to say will be gone form the USA for ever.

Anyone know what he's asking for it?

I will try to explain it for you here.

 

As far as my SV-R and my GT-R that are here in the States. I bought both of them from the orginal owner that had them racing in Europe. When he was done racing, the DOT allowed them in here as a kind of "show-display" status for his collection and due to (as the law allows) it's "significant history" to the automotive industry ..that is a "key phrase" to get a car here into the USA that is not normalluy allowed. I still have my SV-R, however have sold the GT-R and it is enroute to Japan. Part of the rule is very very clear. The car MUST be sold to another "collector" of Vehicle history importance..I.E. collector, museum, Dealer etc etc..that's how I got mine. It must also be disclosed in writing the car is NOT FOR SALE to general public or it "May" be forfieted to DOT. It has to also be disclosed the car is NOT here on DOT papers, bond nor can it be titled, licensed or any other form of permante status given to it. My GT-R was never able to be titled and such it was required to sell out of the country, once gone it is almost impossible to bring it back..in another words it lived its "one shot" life here in the USA. My SV-R was a different case as I was able to modify it enough to meet DOT requirments and get it titled and licensed for the street. As far as the GT-R for sale with SYmbolic, (not to slam them), it can not be sold to at least a California Resident as California Law requires the selling Dealer to have the car titled and smogged prior to Delivery, however they can sell it on a Bill of Sale..but again will be an issue for California State Sales tax collection. It most likely will be sold to leave the country.

 

The other SV-R here in the states, the French country blue one, is for sale, but agian only under the conditions as stated above. The last GT car, from the collection out of NY COULD not be sold at auction last year due to it's none title issue and has since sold to and left the country for Switzerland. There are but 4 GT cars left.

 

The two remaining GT-R cars, Erics, the Blue and this Yellow one came n under the "Historic" clause via LOC. One with race history (Blue) the Yellow as the "last" one produced. The Blue one is titled and plated via FLorida and will for the most part have no major issue remaining here in the States. The Yellow one, not so easy, it will either sell out of the Country OR to a person that will buy it here with the diclouser of the possability of it haveing to be exported out in the future.

 

SInce the time, 10 plus years ago these cars got here, the laws have changed and it is frowned upon for them to remain, however the ones that have gotten titled and plated, a blind eye is turned to those...but the remaing GT-R and three GT cars that are still under the "collector" status...will more than likely NOT trade hands back into a USA owner to remain here in the country. As long as they stay where they are and with who they are, no one is going to come get them.

 

It was a small window of opportunity to get them here, there was a few smart people that quickly got them titled and licensed with minor modifications and they are here to stay..the other's, sad to say will be gone form the USA for ever.

 

Great information. Thanks Roy!

Eric was a strange guy.. On the phone he was great to talk to , but in real life seemed all he wanted to do was impress you.. Was like youd see him at dinner, and he'd be like " Allan, come check out these nachos I bought.. they were 18.95.. Thats very expensive for nachos, but i can afford it cause I made 3.87 Million last year...

 

I wish him the best though, and hope all goes well for him..

Damn. Those better be some good nachos!!!

 

I used to enjoy his posts and pics from back in the day....

 

Whatever you think of him, he's certainly had an interesting story/life.

I didn't mean to complete strangers. But for all intents and purposes, if you can't realistically explain in a few seconds what you do - ex, "I own a company that sells rugs," "I sell insurance to companies," "I make and sell boats," "I own many businesses, most of which deal in wholesaling (blank)." That kind of stuff. It's more a figure of speech than anything.

 

Local example is a guy from a town near me who had several hot cars, including a Veyron, owned some very expensive properties and is now facing federal charges of defrauding people and running a little ponzi scheme. I asked his mechanic what he did once, and it was vaguely explained along the lines of "flipping companies," but it couldn't really be described in less than a paragraph. That tells me something is fishy. And guess what, the shoe fit!

 

Honestly what Tim Durham did for a living is not an uncommon practice, when done legally. He just tried to do it fast and free and now has nothing to show for it. And to ask his mechanic is a bit rediculous. Why should his mechanic know the ins and outs of what he does? If anything it was the fact that he was living like a billionare when it was publicly known his net worth was no where near. But hey, to each their own. Most high net worth people I know got there because their jobs werent "flipping burgers", "selling hats", and other such mundane tasks that could be coherently explained in 5 seconds...

I still argue that if you can't explain what you do in 5 seconds you're up to no good.

 

I must politely disagree saying that the sentence above is totally stupid Do you think people owning complicated businesses which hardly any regular (read: not well educated in that particular complicated scheme) human could not understand are "up to no good"? lol

I must politely disagree saying that the sentence above is totally stupid Do you think people owning complicated businesses which hardly any regular (read: not well educated in that particular complicated scheme) human could not understand are "up to no good"? lol

 

I concur. The post by TheAmericanStig is just fcuking stupid....

I must politely disagree saying that the sentence above is totally stupid Do you think people owning complicated businesses which hardly any regular (read: not well educated in that particular complicated scheme) human could not understand are "up to no good"? lol

 

I think there is a loss in translation, for example saying "I make part XYA that goes into part LODK.12 that converts into XYT to be fitted in a plane for better take off speed" can be simplified into - "We make rubber wheels and bearings for planes"

 

Can you give an example of what you think can't be simplified for the common person?

 

 

I think there is a loss in translation, for example saying "I make part XYA that goes into part LODK.12 that converts into XYT to be fitted in a plane for better take off speed" can be simplified into - "We make rubber wheels and bearings for planes"

 

Can you give an example of what you think can't be simplified for the common person?

 

By that same standard, even any illegal activity could be "simplified". Im in "distribution" aka dealing drugs. I deal with "international importing" aka sex trafficking slaves. Basically the whole assumption just doesnt work regardless....its flawed.

Honestly what Tim Durham did for a living is not an uncommon practice, when done legally. He just tried to do it fast and free and now has nothing to show for it. And to ask his mechanic is a bit rediculous. Why should his mechanic know the ins and outs of what he does? If anything it was the fact that he was living like a billionare when it was publicly known his net worth was no where near. But hey, to each their own. Most high net worth people I know got there because their jobs werent "flipping burgers", "selling hats", and other such mundane tasks that could be coherently explained in 5 seconds...

 

I was friends with his mechanic. And he brought his Phantom to this place that I thought was a bit questionable for that type of car. I don't see the big deal in asking "what area" people work. I don't take offense to it, and neither did the mechanic - I know him well enough to ask something like that. I have a hard time understanding how people get offended - it's not like I'm asking for their 1040s or earnings, or even details. Just "I'm in sales" usually works. "He flips companies" - that was the case with the man in question.

 

I must politely disagree saying that the sentence above is totally stupid Do you think people owning complicated businesses which hardly any regular (read: not well educated in that particular complicated scheme) human could not understand are "up to no good"? lol

 

Read Rawr's comment. I mean down to basics. If you develop software for mid to medium sized companies for yadda yadda = "I make and sell software." Bill Gates = I make software. I HAVE run into people, (the person above), when I heard about what they did from various people - it was always some long drawn out and shady sounding job. It wasn't that it was too complicated for me to understand, but it simply sounded too much like BS.

 

I concur. The post by TheAmericanStig is just fcuking stupid....

 

Thanks! It's my opinion. They are like assholes. We all have one- but no need to be one.

 

I think there is a loss in translation, for example saying "I make part XYA that goes into part LODK.12 that converts into XYT to be fitted in a plane for better take off speed" can be simplified into - "We make rubber wheels and bearings for planes"

 

Can you give an example of what you think can't be simplified for the common person?

 

 

Thanks Rawr, that IS what I was trying to say (and thought I expressed pretty clearly). I don't go up asking people what they do, (if I do then I usually know them or it's during casual conversation after they have usually asked me)! For Maddox: Again, you could do something completely out of my area of understanding, but if you essentially sell let's say "airplane parts" like what Rawr was talking about, then it's that simple. I didn't mean to say that simply because I cannot understand it, that it's bad. But that if you can't explain it in basic terms on a simple scale - then I personally have found most of those people to be up to no good or at least shady in their practices.

 

Again, prove me wrong. I'd be more than happy to debate it. Give me a job or area which cannot be explained in layman's terms or "fit inside a small box on a form" / be explained to a construction worker.

 

By that same standard, even any illegal activity could be "simplified". Im in "distribution" aka dealing drugs. I deal with "international importing" aka sex trafficking slaves. Basically the whole assumption just doesnt work regardless....its flawed.

 

Haha I guess so! So my logic doesn't work both ways. Only if you hear it in the long, drawn-out and confusing text. Take it for what it's worth. Didn't intend for it to be the "Ruling device of legitimate business!"

 

So fine, light me on fire!

 

But it's my birthday so