By on February 8, 2018

koenigsegg agera

The former digital chief of Credit Suisse, Marco Abele, intends to introduce an app allowing wealthy individuals to share ownership of experiential assets — things like vineyards, works of art, and even fine automobiles.

Abele calls the digital service a “blockchain-based investment platform,” which is just a bullshit businessman buzzword way to say there will be a transaction ledger. By keeping things transparent, the group’s owners can ensure nobody gets financially burned when someone drives a shared $300,000 Lamborghini Huracan Super Trofeo Evo into a barricade.

At any rate, it sounds like communism for rich people.  (Read More…)

By on July 19, 2017

scg-003s

There are probably more absolutely ludicrous racing spec cars on the consumer market now than ever before, but regulatory red tape frequently keeps some of the more extreme examples out of the United States. At $2 million a pop, the Scuderia Cameron Glickenhaus (SCG) 003 couldn’t afford to relegate itself to Europe’s filthy rich. Otherwise, SCG might never reach its ambitious 2018 sales goal of four to six vehicles.

Fortunately, the National Highway Traffic Safety Administration certified Glickenhaus as a “low volume manufacturer” on Tuesday. That means the SCG 003 doesn’t have to adhere to the same level of safety and emission regulations as other manufacturers, which is probably the only way to get this goblin shark onto U.S. roadways. Of course, prospective owners will still have to make room for it next to their fleet of vintage Ferraris — possibly by relocating the servant’s quarters to another part of the manor.  (Read More…)

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