Part 4/10:
A breakthrough came when a particular Bugatti with a notable celebrity history appeared on the market. This Grand Sport model, featuring a removable roof—an especially rare find—caught his eye. As the market for these cars cooled, driven by an oversupply (more than 10% of the US market having these cars on sale), the value of these models declined significantly, making them more accessible than before.
He eventually negotiated a purchase price of $1.45 million for this Bugatti Grand Sport, timing it well with a series of trades and sales of other luxury cars he owned or flipped—ranging from a modest $31,000 Lamborghini 360 to a Paris Hilton’s Mercedes-Benz SLR, which he bought for $185,000 and sold for $320,000.