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15 - PJ (Exotic Car Hacks)
Episode Overview:
In this episode of The Art Life Podcast, Avery and PJ explore the world of exotic cars and luxury watches, delving into the unique aspects of each as investments and collector's items. PJ shares his journey into watch trading and exotic car ownership, offering insights into the market's evolution and what drives demand in these high-end luxury sectors.
Timestamps & Key Topics Discussed:
[00:02] PJ’s Car Collection:
Avery and PJ kick off with a tour of PJ's car collection, including rare models like the Bugatti Chiron and Porsche 918, discussing what makes these cars unique.
[00:06] The Gray Market for Watches:
PJ talks about the gray market, explaining how the perception has changed over the years and the shift during COVID-19 that influenced pricing and availability.
[00:12] Building Brand Relationships:
They discuss the importance of brand relationships, especially with high-end brands like Patek Philippe and Audemars Piguet, and whether it’s still worth the effort to establish these connections.
[00:18] Exotic Cars as Investments:
PJ compares exotic cars and watches, focusing on the aspects of utility and liquidity. He offers insights into the practicality and challenges of investing in high-value cars.
[00:24] Navigating the Luxury Market:
Avery and PJ discuss the evolution of consumer mentality towards luxury cars, from exclusivity in the 1990s to the accessibility of luxury models today.
[00:33] Investing in Watches vs. Cars:
PJ explains how watches serve as liquid assets with high resale value, while exotic cars are more complex investments due to factors like mileage and maintenance.
[00:40] PJ’s Advice on Starting with Watches or Cars:
For newcomers to luxury assets, PJ provides tips on starting with lower-risk investments in both cars and watches to build familiarity and comfort.
[00:46] PJ’s Books and Their Lessons:
PJ shares insights from his books, including Third Circle Theory, and talks about the core teachings on self-awareness and consciousness that guide his philosophy.
[01:00] The Role of Media in Luxury and Politics:
The conversation shifts to media’s influence on the luxury market and how politics have become intertwined with entertainment, affecting public perception and market dynamics.
[01:15] Reflections on the U.S. and Innovation:
PJ reflects on the state of innovation in America and the need for a new value system to navigate modern challenges.
[01:27] Immigration Journey and Perspectives:
PJ shares his personal immigration story, discussing the differences between his experience and the current challenges facing immigrants today.
[01:38] Advice for the Exotic Car Market:
PJ closes with predictions on the exotic car market, advising potential buyers to make purchases before the election cycle when fear and market uncertainty typically impact pricing.
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By Hosted by Avery Andon
4.7
6565 ratings
Episode Overview:
In this episode of The Art Life Podcast, Avery and PJ explore the world of exotic cars and luxury watches, delving into the unique aspects of each as investments and collector's items. PJ shares his journey into watch trading and exotic car ownership, offering insights into the market's evolution and what drives demand in these high-end luxury sectors.
Timestamps & Key Topics Discussed:
[00:02] PJ’s Car Collection:
Avery and PJ kick off with a tour of PJ's car collection, including rare models like the Bugatti Chiron and Porsche 918, discussing what makes these cars unique.
[00:06] The Gray Market for Watches:
PJ talks about the gray market, explaining how the perception has changed over the years and the shift during COVID-19 that influenced pricing and availability.
[00:12] Building Brand Relationships:
They discuss the importance of brand relationships, especially with high-end brands like Patek Philippe and Audemars Piguet, and whether it’s still worth the effort to establish these connections.
[00:18] Exotic Cars as Investments:
PJ compares exotic cars and watches, focusing on the aspects of utility and liquidity. He offers insights into the practicality and challenges of investing in high-value cars.
[00:24] Navigating the Luxury Market:
Avery and PJ discuss the evolution of consumer mentality towards luxury cars, from exclusivity in the 1990s to the accessibility of luxury models today.
[00:33] Investing in Watches vs. Cars:
PJ explains how watches serve as liquid assets with high resale value, while exotic cars are more complex investments due to factors like mileage and maintenance.
[00:40] PJ’s Advice on Starting with Watches or Cars:
For newcomers to luxury assets, PJ provides tips on starting with lower-risk investments in both cars and watches to build familiarity and comfort.
[00:46] PJ’s Books and Their Lessons:
PJ shares insights from his books, including Third Circle Theory, and talks about the core teachings on self-awareness and consciousness that guide his philosophy.
[01:00] The Role of Media in Luxury and Politics:
The conversation shifts to media’s influence on the luxury market and how politics have become intertwined with entertainment, affecting public perception and market dynamics.
[01:15] Reflections on the U.S. and Innovation:
PJ reflects on the state of innovation in America and the need for a new value system to navigate modern challenges.
[01:27] Immigration Journey and Perspectives:
PJ shares his personal immigration story, discussing the differences between his experience and the current challenges facing immigrants today.
[01:38] Advice for the Exotic Car Market:
PJ closes with predictions on the exotic car market, advising potential buyers to make purchases before the election cycle when fear and market uncertainty typically impact pricing.