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This $3 million Ferrari flip cost Steve Wynn his dealership

May 30, 2021
you're wrong once you end up in the desert. I think everyone has seen the casino movie. I've been a business owner in Las Vegas since 1994. That's a long time, and of course, as you know, Las Vegas is all about gaming, entertainment, and casinos. to be my clients that being said, I have a lot of stories from different executives, people, managers, dealers and pit bosses, one day a guy walks into my store in Las Vegas, he drives a new Ferrari, it was a stradali 360, he said: "Hey , I heard it". about you being the best guy in black cars yada yada and I said you can ask where you are, who are you and he says you don't know who I am and I said no, not really, he says I'm Mark Shore and I said : "Nice to meet you, Mark Shore," he said, "you still don't know who I am," and I said, I really, really don't know and I don't mean that disrespectfully, Mr.
this 3 million ferrari flip cost steve wynn his dealership
Shore, and he said, "well, I'm from Steve Wynn." My brother-in-law and I are an avid Ferrari fan, in fact, I'm bringing Ferrari to Las Vegas, we're going to buy a franchise, we're going to partner with Penske and we're going to put up a new hotel called victory, but that being said, I need the best of the best worker in my car. She went to a body shop at the time I was attending. It's called exotic car paintings in Las Vegas. He is the authorized Rolls Bentley Ferrari. and then Mark says I want you to work on

this

car he says great, he says after a couple of months of working on his cars he was a big customer and came to see me often um he said I'd really like to introduce you to my You know, brother-in-law and I said, "Okay, great, can you go down to the Mirage?" and I said, "Yeah, right," so I go down the Mirage and I walk into these crazy offices that look like James Bond and there's a secretary and I feel like Miss Penny is sitting there. there at the desk and she said: would you like some coffee, cappuccino, some champagne?
this 3 million ferrari flip cost steve wynn his dealership

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this 3 million ferrari flip cost steve wynn his dealership...

And I'm thinking like I'm a detail guy, what am I doing here? And, I walk in, there's Mr. Wind, Mr. Steve Wynn, he shakes my hand and says. You know I have a lot of different cars. Mark speaks highly of you. My wife is very particular Elaine at the time and we want you to start working on not only our personal cars, but we want you to work on all the cars. In fact, I will give you the keys to my cars and you will be in charge of my personal fleet. I have a property in the middle of the desert called Shadow Creek.
this 3 million ferrari flip cost steve wynn his dealership
I know if you've ever heard of Shadow Creek, it's a very famous resort where they basically built

this

oasis in the middle with pine trees and forests in the middle of the deserts like 300 acres and I used to go out and pick up the cars and go to the door and there There would be guys that would stand there with AR-15s, they all knew me and I would stop and it was the most surreal experience walking into this complex where you felt like you weren't in Las Vegas, you felt like you were, no I know where someone. somewhere else in the world, but when I walked in I had the garage door clickers, I had the car keys, I mean, I'm like 20 years old and I had all this confidence, but at the same time I was also worried.
this 3 million ferrari flip cost steve wynn his dealership
Because you don't mess with these guys, right? You're wrong once you end up in the desert. I think everyone saw the casino movie. The point is that the relationship. Las Vegas was a small city. It was a good old town and what I started to learn was how to build relationships with the people who made this town and that will make you a business, and I did it very quickly. You know, I gained trust with these guys and I was operating in a small shopping center that I put to special use. Let me put up a washing rack or canopy if you watch my YouTube video.
Elaine, his wife was interested in Bentley. They had a black flying spur. In fact, I may try to dig up the photos. I think I have the photos of her. vanity plate and it was the same letters and everyone knew that was Elaine's car. Steve didn't like cars, he wasn't passionate about them. I'd say Elaine was more passionate about cars, so she had two black flying spurs for a couple of years when we were. working on the cars and then you know his house was next to Mark's house and then his garage sometimes had Steve's cars or vice versa, but between the two garages they probably had eight to ten cars parked there, you know? and they had some cars. on casino properties because sometimes they would stay on casino properties and then return home.
You know they found some very peculiar things in the cars and you know, obviously, because of privacy, I can't share that, but let's just say the mafia stories. They're real, you know, in terms of things you see that you're not supposed to talk about, but I always respected their cars. Mark was the one who convinced Steve to buy the Ferrari. He always told me that I think cars are cool, but. it's not my passion real estate is my passion the construction business is my passion and I mean I have very very brief conversations with him it wasn't like we sat there and talked for a long time but what about the Mr.
Winn is a couple of stories, one I remember is in the late '90s and early 2000s. I don't know exactly when I was called into his office and he calls me and says, "You're doing a great job, really impressed". In fact, I have an opportunity for you and I said great and he said you're going to come work for me and I said he'll work for you. I don't want to work for anyone. He said I will give you a share. You will be set for life. to drive my transport I told him Mr. Nguyen I really respect this opportunity but I have to tell him that I can't do it, I think he understands that he has been his own boss, he knows that I know his story and he said that I support him that, but you will never touch one again of my cars and he said have a good day, Mr.
Light, and I walked out and said, wow, that was a great time to serve someone at that level of business. He respected him and was a little sad as he walked. because I thought, I'm going to lose Mark, for sure as a customer, unfortunately I didn't lose Mark as a customer, um, and when the Ferrari

dealership

opened, they created their own detailing department, but when they had very particular customers, they called. He called me on the phone and said, "We need your help at that time." It was Rich Cansky, who was a service manager, who was a source manager at the poorest

dealership

, who I knew when I started the business and now he's the service manager at Tobin Ferrari, but you know there's a lot of stories in Las Vegas, that one It was one of the biggest stories about victory and the Ferrari franchise.
I can't say firsthand that I was there, but I had very close friends and insiders who could tell me the facts. It really happened, apparently Mr. Winn had bought a lot of Ferraris and if anyone knows that when you buy a new Ferrari, you have an agreement with Ferrari, you will not resell the car, I think it's for two years and Mr. Wind hated the car. and he wanted to get rid of it and he found a buyer and at that moment Ferrari came to the victory where the franchise was inside the hotel and said you know we're going to have a marketing meeting and then the conversation came up.
Mr. Winn, what happened to his La

ferrari

and he said I sold it and they said, Hey, you can't do that, that's not what you do? You have an agreement with us, you are a franchise owner and you got into an argument and Mr. Winn doesn't play. uh it's their rules or you hit the road and he basically got into a pretty intense argument and debate and it turned into an argument where they said we're going to pull your franchise and at that point Mr. Winn had 100% ownership from the dealer, I mean, Penske. and he were partners, some annoying guy calls them on the phone and says they know what's going on and he said they could take this Ferrari and get it up there and you can go from there, but anyway Steve said I don't care, anyway I actually accompanied him. leave the property with my security and tell him to never come back to the property again and this is true, you have removed him from Ferrari management, I mean Steve, like I said, he is a very determined man, when he wants something, it is what it says. is non-negotiable, so they escorted them off the property and immediately the franchise was put up for sale and from what I understand they contacted the Tobin family, who is the Bentley Rolls at Austin Martin, and they said 100 percent One hundred we love it and they took charge. the franchise, so it was an interesting story.
He knew that Mr. Winn took care of him and that he was great as long as it was on his terms and that if it wasn't something he didn't want, you weren't a part of his business life. or personal, that's it, you're done and, but you have to respect a guy like that, I mean, he made what Las Vegas is today a world destination a visionary and when someone is like that and has his approach, you have to respect the fact that they do things um and I think the Italians understood that I mean, everyone knows the history of

ferrari

and ford gt and that reminds me of that battle between two alphas, you know we are the brand of the world but we are the casino of the world and then the two come together and what do they get top tier financial services have been patrons of benwicky for the past four years.
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