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☆ 'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars
▼ + stars: | 2024-05-17 | by ( Robert Frank | ) www.cnbc.com time to read: +6 min

While public auction sales are declining in the art world, private sales — done behind closed doors between discreet buyers and sellers — are growing. Classic cars are also seeing a shift to private sales, especially with the most expensive and rare models. But its newly formed RM Sotheby's private sales division has seen its sales more than quadruple over the past four years, according to Shelby Myers, global head of private sales for RM Sotheby's. The rise in private sales for classic cars, art, real estate and other markets is being driven by social media, technology and cooling prices for collectibles. "They're leaving money on the table," said real estate broker Noble Black of Douglas Elliman.

Persons: Robert Frank, Phillips, Christie's, Mark Rothko, Ken Griffin, Ferraris, Shelby Myers, We've, Myers, Patrick Dovigi's, Steve Wynn, Thomas Peterffy —, Douglas, Ernie Carswell, Carswell, He's, Noble Black, Douglas Elliman Organizations: Christie's, CNBC, Sotheby's, Hamptons, Malibu , Bel Air, Beverly Locations: Sotheby's, Christie's, Manhattan, Malibu, Aspen, Palm, Manhattan's Greenwich, Palm Beach, Los Angeles, New York, Eastern, Palm Springs, Malibu ,

☆ CEO of Italy's largest train operator says tourist flows have 'dramatically' increased
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO of Italy's largest train operator says tourist flows have 'dramatically' increasedLuigi Ferraris, CEO of Ferrovie, speaks to CNBC contributor Michelle Caruso-Cabrera at the 2024 Influence Relevance & Growth Conference at the SDA Bocconi School of Management in Milan.

Persons: Luigi Ferraris, Michelle Caruso, Cabrera Organizations: Ferrovie, CNBC, SDA Bocconi School of Management Locations: Milan

☆ Roberto Cavalli, a Life Out Loud
▼ + stars: | 2024-04-12 | by ( Vanessa Friedman | Jacob Bernstein | ) www.nytimes.com time to read: +1 min

His animal prints did not always originate from nature but from his own imagination, chimeras of exotic skins that telegraphed excess, sex and aspiration. If Gianni Versace was the id of Italian fashion, Mr. Cavalli made it roar, hitting mass saturation in the late nineties as an antidote to the minimalism of Jil Sander and Helmut Lang. He stepped into the vacuum created by the murder of Mr. Versace in 1997, was further buoyed by the frothy stock market, and soon, Paris Hilton was wearing him. So was Candace Bushnell, creator of “Sex and the City.” Victoria Beckham was a fan during her Posh Spice era. Little wonder he was the main sponsor of the 2004 show at the Metropolitan Museum of Art’s Costume Institute: “Wild: Fashion Untamed” — or that Ben Stiller wore Mr. Cavalli’s designs for “Zoolander,” Mr. Stiller’s fashion satire.

Persons: Roberto Cavalli, Tropez, Gianni Versace, Cavalli, Jil Sander, Helmut Lang, Versace, Paris Hilton, Candace Bushnell, Victoria Beckham, Ben Stiller, “, Mr Organizations: City, Metropolitan Museum, Art’s Costume Locations: Italian, Paris

☆ Max Verstappen: ‘No one is going to catch’ Red Bull driver, says Mercedes boss Toto Wolff
▼ + stars: | 2024-04-08 | by ( George Ramsay | ) edition.cnn.com time to read: +1 min

CNN —Just four races into the Formula One season, Mercedes boss Toto Wolff believes the title is Max Verstappen’s to lose after another dominant win for the Red Bull driver. At the Japanese Grand Prix on Sunday, three-time world champion Verstappen finished 13 seconds ahead of teammate Sergio Pérez, who was eight seconds ahead of Ferrari’s Carlos Sainz in third. Last month, Sainz won the Australian Grand Prix when Verstappen was forced to retire from the race. This is what it is this year.”Toto Wolff was left lamenting Mercedes' slow start to the season after the Japanese Grand Prix. That leaves Mercedes fourth in the constructor standings behind McLaren, Ferrari, and back-to-back champion Red Bull.

Persons: Mercedes, Toto Wolff, Max Verstappen’s, Verstappen, Sergio Pérez, Ferrari’s Carlos Sainz, Verstappen’s, Sainz, Max, ” Wolff, McLaren, Ferraris, ” Toto Wolff, Clive Mason, Wolff’s Mercedes, George Russell, Lewis Hamilton, Red Bull, ”, Wolff, “ Organizations: CNN, Formula, Red Bull, Suzuka, Reuters, P2, Prix, Mercedes, McLaren, Ferrari, Shanghai, Circuit Locations: Pérez

☆ Bahrain Grand Prix: Max Verstappen wins and lays down marker in opening race of the season
▼ + stars: | 2024-03-02 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Max Verstappen coasted to victory in the Bahrain Grand Prix on Saturday, laying down an ominous marker for the rest of the field in the opening race of this F1 season. Clive Mason/Getty ImagesWhile that overshadowed Red Bull’s race weekend, it did not seem to affect the team’s performance on the track as Sergio Perez completed yet another 1-2 – a repeat result of last season’s opening race. “Unbelievable, I think today went even better than expected,” Verstappen told Sky Sports after the race. Video Ad Feedback Verstappen cruises to opening win in Bahrain 02:24 - Source: CNN“It was a lot of fun and I felt really good in the car. The F1 season continues next weekend and remains in the Middle East with the Saudi Arabian Grand Prix in Jeddah.

Persons: Max Verstappen coasted, Christian Horner, Horner, Geri Halliwell, Clive Mason, Red, Sergio Perez, Ferrari’s Carlos Sainz, Red Bull, ” Verstappen, it’s, Charles Leclerc, Perez, Max Verstappen, David Davies, Mercedes ’ George Russell, Sainz, Leclerc, Russell, Ferraris, Lewis Hamilton Organizations: CNN, Prix, Spice, Red, Sky Sports, Saudi Locations: Bahrain, Jeddah

☆ Done with diamonds? Gemstone engagement rings are capturing hearts and market share
▼ + stars: | 2024-02-14 | by ( Courtney Reagan | ) www.cnbc.com time to read: +4 min

"We're seeing a shift in much larger center stone engagement rings, primarily as a result of lab-grown diamonds, and sapphires and rubies tend to be very hot," Daga said. A decade ago, about 5% of engagement rings were colored gemstones, according to Daga. watch nowIndustry giant Signet Jewelers is seeing the same gemstone trend in the wedding category as well as in fashion pieces. Beyond engagement rings, Signet said amethyst and ruby are always popular stones for the Valentine's season. Solidcolours | Istock | Getty ImagesWholesale prices for sapphire gemstones are up 12% per year over the past three years, Daga said.

Persons: Craig Hastings, Ankur Daga, Daga, Jared, Kay, Signet, Beth Gerstein, Gerstein, Boonyakiat, Tourmalines Organizations: Industry, Signet, Getty, Istock, Rolex Locations: London, Madagascar, Angara, Kashmir, Sri Lanka, Zambia, Colombian

☆ The Fall of the Timepiece Gentleman, the Luxury Watch Dealer Who Ran Afoul of the Feds
▼ + stars: | 2024-02-04 | by ( David Kushner | ) www.businessinsider.com time to read: +29 min

Farrer is better known as the Timepiece Gentleman, the flashiest online dealer in the $75 billion luxury watch trade. All he needed was the right name for his luxury watch business — something distinctive, something memorable. In his mind, he pictured what the ultimate luxury watch dealer would look like. To launch his career as the Timepiece Gentleman, Farrer boned up on the jargon of horology, from escape wheels and spring barrels to flinques and guilloches. Despite the staggering size of the luxury watch trade, nobody had thought to market its glamour and mystique.

Persons: Reddit, I've, Anthony Farrer, Farrer, Mark Wahlberg, Marky Mark, Patek Philippes, Sharf, Prada, he'd, Cameron, Travis Baker, chronograph, Richard Chance, He'd, timepieces, Farrer boned, they're, Kevin Hart, It's, Buyers, Darby McVay, McVay, Liz Guilliams, Guilliams, You've, Dallas —, Crimepiece, vouching, Santa Monica, —, Darth Vader, y'all, reselling, Anthony, stiffing, Wesley Stokes, Stokes, Bob Schober, Joe Haden, Richard Mille, Schober, He's, Peter, Paul, didn't Organizations: YouTube, FBI, Timepiece Gentlemen, Watch, Buffalo Wild Wings, Business, Boston Consulting Group, Texans, Craigslist, Lamborghini, Malibu, Downtown, Hollywood, Cleveland Browns, TPG, Ducati, Venice Locations: Venice , California, Venice, backwoods Texas, Reddit, cowpoke, Sherman , Texas, Dallas, It's, Salt, Riding, Los Angeles, In Dallas, LA, Santa, Texas, Downtown Los Angeles, South Carolina, Scottsdale , Arizona, Stokes

☆ The super-rich are buying more ultra-customized Rolls-Royces and Lamborghinis
▼ + stars: | 2024-02-03 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +10 min

Lamborghini sold more than 10,000 vehicles last year for the first time ever and Ferrari had a more than 17% increase in revenue. But customers purchasing Lamborghinis, Rolls-Royces and Bentleys have an even wider array of infinitely customizable paint colors and interior materials, to start with, than carmakers offer for less expensive brands. If the customer has a favorite shirt, for example, the car paint could be matched to the fabric color. At Dixon’s Rolls-Royce dealership three quarters of the roughly 90 cars sold each year include some degree of custom options, she said. While she and Rolls-Royce’s design team can provide guidance, in the end, the choices have to be the customer’s.

Persons: Royce, Ferrari, Lamborghini, Bentley, ”, Stephan Winkelmann, Lewis Hamilton, Altrata, Royce Cullinan, Javier Gonzalez Lastra, “, ” Gonzalez Lastra, Pietro Frigerio, Kellyn Dixon, Dixon, Bugatti Chiron, Bugatti, Chiron, Lamborghini’s Winkelmann Organizations: California CNN, Lamborghini, Ferrari, Bentley, Royce, CNN, Ferrari’s, Tema, Volkswagen, Ford, Art Basel Miami Beach, Rolls Royce, Bugatti, Bugatti Bugatti Locations: Irvine, California, Newport Beach , California, Irvine , California, Goodwood

☆ Malaysia's new king has a $5.7B family fortune. Here's how he spends his money.
▼ + stars: | 2024-02-02 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Sultan Ibrahim Iskandar, 65, was declared king on Wednesday as part of the country's rotating monarchy. King Sultan Ibrahim Iskandar of Johor is photographed with his sister, Queen Tunku Azizah Aminah Maimunah Iskandariah, after his accession was announced in October 2023. MOHD RASFAN/AP ImagesSultan Ibrahim is head of the Johor royal family and is considered one of the country's wealthiest men. In May 2023, a video posted to the Johor royal family's TikTok account showed them dining at Istanbul Turkish Cuisine, a reservations-only restaurant in Horizon Hills, Johor. King of Malaysia Sultan Ibrahim Iskandar (right) speaks with Malaysia's Prime Minister Anwar Ibrahim (left) after the oath-taking ceremony.

Persons: Sultan Ibrahim Iskandar, King Sultan Ibrahim Iskandar, Tunku Azizah Aminah, Iskandariah, MOHD RASFAN, Sultan Ibrahim, Sultan Ibrahim isn't, Ferrari Testarossa, HASNOOR HUSSAIN, Adolf Hitler, Hitler, Harley, Davidson, Tunku Ismail, Crown, Prince, of, of Malaysia Sultan Ibrahim Iskandar, Anwar Ibrahim, Abdullah Ahmad Shah, Mahathir Mohamad Organizations: Bloomberg, Facebook, Getty, Mercedes, YouTube, Boeing, Guardian, U Mobile, Maharani Energy, Johor Darul, The Straits Times, Malaysian, Malaysia's Locations: Malaysia, Malaysia's, Johor, Malaysian, Kuala Lumpur, India, Istanbul Turkish, Horizon Hills, Johor Darul Ta'zim, Singapore, Forest, Manhattan, of Malaysia Sultan

☆ Classic car auction site Bring a Trailer's sales hit record $1.4 billion even as prices drop
▼ + stars: | 2024-01-16 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Total auction sales of classic cars (for both online and live auctions) fell 3% last year to $4.19 billion from $4.32 billion in 2022, according to data from Classic.com. The growth in the number of cars sold helped to offset a decline in prices. The average price of a car sold on the site fell to $54,000 in 2023 from $59,500 in 2022. Bring a Trailer's sales increased about 2% last year to over $1.4 billion from $1.35 billion in 2022, according to the company's CEO Randy Nonnenberg. Bring a Trailer sold over 30,000 cars in 2023, up 19% from 2022.

Persons: Randy Nonnenberg, Nonnenberg, Sellers, Pagani Organizations: CNBC, Ferraris, Ferrari, Porsche, Porsche Carrera, BAT Locations: —

☆ The most exciting new trains coming in 2024
▼ + stars: | 2024-01-04 | by ( Ben Jones | ) edition.cnn.com time to read: +13 min

CNN —Around the world, travelers are flocking back to trains, and demand is increasing across the board for high-speed trains, luxury “land cruises” and long-distance day and night trains. Here are some of the best new trains you’ll be able to take in 2024. Laurie Dieffembacq/Belga/AFP/Getty ImagesLinks between two of Europe’s most visited capitals have traditionally been pretty poor, with no direct trains since the 1990s. Ian Clarke/Alamy Stock PhotoFour continents, 13 countries, and seven luxury trains across 80 days – the ultimate experience for rail travel connoisseurs is due to depart in late 2024. BelmondOne of the world’s greatest luxury train journeys is returning to the rails in 2024 after a four-year gap.

Persons: Laurie Dieffembacq, Dimorestudio, Vita ”, Riva Aquarama, itineraries, Jeroen Berends, Gabriel Bouys, it’s, Jesus Hellin, That’s, Trenitalia, Luigi Ferraris, France –, Railbookers, Ian Clarke, we’ve, ”, Frank Marini, Alex Halada, There’s Organizations: CNN, Orient, Getty, ÖBB, Austrian Federal Railways, SNCF, Eurostar, National, Europa Press, French, Renfe, FS, Rocky Mountaineer, Royal, Orient Express, Oriental, ”, Oriental Express, Austrian Railways, Swiss Locations: Swiss, Venice, Paris, Berlin, AFP, Strasbourg, Frankfurt, Italy, Rome, Matera, Palermo, Sicily, Messina, Europe’s, Istanbul, Split, Brussels, Prague, Europe, Dutch, Dresden, Belgian, Roman, Naples, Madrid, Spain, France, Spanish, Barcelona, Lyon, Marseille, Canada, Central Europe, India, South Africa, Eastern, Vancouver, Malaysia, Singapore, Malaysia’s, Kuala Lumpur, Langkawi, Penang, Bangkok, Vienna, Innsbruck, Hamburg, Switzerland, Germany, Zürich, Gornergrat Bahn, Zermatt, Gornergrat, Riffelalp

☆ Apple's products are great, even if they're boring
▼ + stars: | 2023-11-18 | by ( Michael Gartenberg | ) www.businessinsider.com time to read: +7 min

AdvertisementIn the past, I've argued that Apple products have become boring because Apple seems to have lost its way with useful product innovation. But the truth is, there's a very good reason why Apple doesn't do drastic changes to its products: slow, steady and reliable products are keeping Apple on top. To be fair, under CEO Tim Cook, Apple has had several big hit new products: Apple Watch and Air Pods, come to mind. While Air Pods will work with others, they are really designed to work best with Apple products. But ultimately, even if you find Apple products boring rather than classic, they are a great choice for those looking for long-lasting, high-quality, user-friendly, reliable technology.

Persons: I've, Tim Cook, Steve Jobs, —, Apple, Ai Pin, haven't, Sperry Docksiders, it's, Ive, Cook, Siri Organizations: Apple, Service, Vision, Apple Watch, Microsoft, Ferraris, Honda, BMW, Microsoft Kin, Rolex, Porsche, Jobs, Google, Ford Locations: Cook, Milan

Learn moreLooking for the latest on how to watch the Mexico F1 live stream for free? Where to Watch a free Mexico F1 live streamThis weekend's simplest option for a free F1 live stream is using a VPN to tune into one of the free European streams mentioned above. How to watch the Mexico F1 live stream with a VPNSign up for a VPN if you don't have one. Turn it on and set it to a country with a free live stream. How to watch an F1 live stream in the USESPN carries coverage of Formula 1 racing throughout the season, and there's plenty of it left to enjoy.

Persons: we've, Leclerc, Sainz, Perez, he's, We've, ExpressVPN Organizations: Mexico, BBC, RTL, AEST, US ESPN, ESPN Locations: Mexico, ORF1, Austria, Belgium, Luxembourg, TV's

☆ Deductions for megamansions and Ferraris: The IRS details tax dodges by the ultra-wealthy and says it recently squeezed 100 millionaires for $122 million in missing taxes
▼ + stars: | 2023-10-20 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

There's more enforcement to come, thanks to the Inflation Reduction Act. The passage of the Inflation Reduction Act infused billions of dollars into the previously perpetually underfunded and paper-laden IRS. "Inflation Reduction Act funding gives us the ability to take swift and aggressive action to improve compliance and close the tax gap." Since the passage of the IRA, the IRS has closed several cases of high-earning taxpayers getting creative with their business expenses and deductions. The IRS is specifically taking aim at Americans who earn over $1 million, and have over $250,000 in tax debt.

Persons: it's, —, Daniel Werfel, That's, Werfel Organizations: IRS, Service, dodgers, Ferrari, Bentley, Lamborghini Locations: COVID

☆ Verstappen on course for third title in Qatar sprint
▼ + stars: | 2023-10-07 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Formula One F1 - Qatar Grand Prix - Lusail International Circuit, Lusail, Qatar - October 7, 2023 Red Bull's Max Verstappen after finishing the sprint shootout in third place Pool via REUTERS/Darko Bandic Acquire Licensing RightsSummary Piastri on sprint pole with Norris alongsideVerstappen to start third with third title in sightPerez starts eighthHamilton qualifies 12thDOHA, Oct 7 (Reuters) - Red Bull's Max Verstappen was on course to secure his third Formula One championship on Saturday after qualifying third for a Qatar Grand Prix sprint race with sole title rival and team mate Sergio Perez five places behind. Verstappen need finish only sixth in the sprint -- and take three points -- to secure his third successive world championship. "He (Verstappen) is not interested in the three points. He's interested in the maximum points," Red Bull team principal Christian Horner told Sky Sports television. Only the top eight score points in the sprint.

Persons: Max Verstappen, Darko Bandic, Norris, Verstappen, Perez, Hamilton, Sergio Perez, Oscar Piastri, Lando Norris, He's, Christian Horner, Mercedes, George Russell, Ferraris, Carlos Sainz, Charles Leclerc, Nico Hulkenberg, Aston Martin's Fernando Alonso, Alpine's Esteban Ocon, Max, he's, Lewis Hamilton, Alan Baldwin, Hugh Lawson Organizations: Qatar, REUTERS, Formula, Prix, Bull, Sky Sports, Haas, FIA, Pirelli, kerbs, Thomson Locations: Lusail, Qatar, DOHA

☆ Insider Today: Side hustles' turning point
▼ + stars: | 2023-09-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

A new study from Morgan Stanely makes the case that generative AI will enable people to work multiple jobs, writes Insider's Alistair Barr. In the US alone, multi-earning has increased 11% over the past year, largely thanks to the rise of generative AI tools like ChatGPT. New research from EY found that nearly 40% of Gen Zers had a side hustle to earn extra money. Adding fuel to the fire is the fact bosses don't seem to care if their employees are working multiple jobs, albeit with one caveat. To be sure, executives' acceptance of employees working multiple jobs might be short-lived.

Persons: Randy Rush, Morgan Stanely, Alistair Barr, Morgan Stanley, EY, Gen Zers, Zers, Gen, Z, Alex Wong, we're, It's, Peter Brown, alums, —, Brooks Kraft, Cassidy Hutchinson, Rudy Giuliani, Joe Biden, Volodymyr Zelenskyy, Mike Minnis, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Fed, cofounders, Renaissance Technologies, Tesla, Bugatti, Brooks Kraft LLC, Getty, Netflix, United Nations General Assembly, Darden, Olive Garden, LongHorn Locations: Wall, Silicon, Asia, Scottish, —, Europe, Americas, Olive, New York City, San Diego, London

☆ A Tesla sedan drag raced a $4 million Bugatti — the results were surprisingly close
▼ + stars: | 2023-09-20 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

A Tesla Model S drag raced a Bugatti Chiron. The Bugatti won, but the races were surprisingly close given the cost difference between the cars. The channel pitted the sportiest Tesla you can buy — a four-door Model S Plaid with the optional Track Package — against the Bugatti Chiron Super Sport, a multimillion-dollar supercar from a brand synonymous with world-beating performance. But the results were closer than you might expect — especially given that the Model S will run you only a little over $100,000. I say "only" because the Chiron Super Sport would have cost at least $4 million when new.

Persons: Bugatti Chiron, Chiron, Bugatti, Tesla Organizations: Tesla, Bugatti, Service, Plaid Locations: Wall, Silicon, Teslas

☆ 'Smooth operator' Sainz ends Red Bull's winning streak
▼ + stars: | 2023-09-17 | by ( Tom Westbrook | ) www.reuters.com time to read: +5 min

"We nailed the race," said Sainz after his second career win for the Italian team and first since Silverstone last year. The Spaniard eked out his hard tyres for 42 laps, winning at the slowest possible speed, for Ferrari's first victory since Charles Leclerc triumphed in Austria in July last year. No team has ever won every race in a season of more than 10 rounds but Red Bull had looked capable of doing so until Singapore struck. Mercedes trimmed Red Bull's lead in the constructors' standings to 308 points, keeping them waiting at least another weekend for the title. Verstappen, who started on the hard tyres, moved up to second with Perez fourth but they were soon overhauled and plunged down the field after stopping under normal conditions.

Persons: Ferrari's Carlos Sainz Jr, Mercedes, Lewis Hamilton, Caroline Chia, Sainz, Red, Norris, Perez, Carlos Sainz, Max Verstappen's, McLaren's Lando Norris, Red Bull, George Russell, Hamilton, Lando, eked, Ferrari's, Charles Leclerc, Verstappen, Sergio Perez, LAWSON, Aston Martin's Fernando Alonso, Leclerc, Pierre Gasly, Oscar Piastri, Liam Lawson, Daniel Ricciardo, Kevin Magnussen, Haas, Logan Sargeant's Williams, Alpine's Esteban Ocon, Russell, Carlos, Alan Baldwin, Ken Ferris Organizations: Singapore, Circuit, Prix, Lewis Hamilton REUTERS, Hamilton, Ferrari, DRS, Silverstone, Alpine, McLaren, New, Formula One, Ferraris, Thomson Locations: Singapore, SINGAPORE, Italy, Austria, Monaco, Japan, AlphaTauri, London

☆ Take a look at the powerful and easy-to-drive $2.1 million Rimac Nevera electric hypercar
▼ + stars: | 2023-09-16 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

MALIBU, California – The most amazing thing about the $2.1 million Rimac Nevera is how easy it is to just get in and drive. It sits low — very low — to the ground, and at first glance it looks like the simple act of getting into it could be complicated. Gears are shifted with a big knob to the left of the steering wheel, the power seat's adjustments are hidden in a touchscreen, and switches for the turn signals and headlights are mounted directly on the steering wheel. One of the first things I noticed as we got underway is that it's easy to see out of the Nevera. And the Nevera is very special indeed — as it should be for its just over $2 million asking price.

Persons: you've, That's, There's, Rimac's Ryan Lanteigne Organizations: Ferraris Locations: MALIBU, California, Croatia

☆ Verstappen hits back at Wolff over 'Wikipedia' comment
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

Wolff made his comments after this month's Italian Grand Prix, where Mercedes were beaten by both Ferraris as well as the two Red Bulls. Asked at the Singapore Grand Prix for his reaction, Verstappen said he was not disappointed. Verstappen, who is 145 points clear of team mate Sergio Perez in the championship and set for a third title well before the end of the season, suggested Wolff should focus on his own team. "We knew that we just had to work harder, try to be better and try to get to that level. Hamilton is currently fourth in the standings, 200 points behind Verstappen.

Persons: Max Verstappen, Jennifer Lorenzini, Toto Wolff, Wolff, Mercedes, Verstappen, Sergio Perez, Lewis Hamilton, Hamilton, George Russell, Bull, Alan Baldwin, Toby Davis Organizations: Prix, Autodromo Nazionale Monza, Prix REUTERS, Rights, Mercedes Formula, Ferraris, Red Bulls, Singapore, Thomson Locations: Monza, Italy, Rights SINGAPORE, Austrian, London

☆ Marko apologises for offensive comments about Perez
▼ + stars: | 2023-09-08 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

Marko had made his remarks on the energy drink company's television station following last weekend's Italian Grand Prix at Monza. An attempt by Marko to clarify his comments only dug a deeper hole. While Marko attends races in Red Bull Racing uniform, he reports to the energy drink company and is not an employee of the British-based champions. Germany's now-retired Vettel won four for Red Bull from 2010-13. Marko did compliment Perez for finishing second in Italy last weekend, a race that handed Verstappen a record 10th win in a row.

Persons: Marko, Helmut Marko, Sergio Perez's, Red, Dietrich Mateschitz, Checo, Perez, Sebastian, Vettel, Sergio Perez, race.comhad, Marko's, Max Verstappen, Germany's, Red Bull, George Russell, Angelica Medina, Christian Radnedge, Toby Davis Organizations: LONDON, Bull, One, Monza, Red, Red Bull, Mexican, Verstappen, Ferraris, Austrian, Thomson Locations: American, Mexican, Guadalajara, North America, South America, Britain, Mexico, Italy, Mexico City

☆ Perfect 10 for Verstappen with record win in Italy
▼ + stars: | 2023-09-03 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

The Dutch driver's victory on a sunny afternoon at Monza's "Temple of Speed" outside Milan was also Red Bull's 15th in succession -- another Formula One record that looks set to continue. Verstappen stretched his lead in the standings over Perez to 145 points with eight rounds remaining. Red Bull lead Mercedes in the constructors' championship by 310 points with Ferrari moving up to third. "Well done mate, you are on your own, that is history," team boss Christian Horner told Verstappen over the radio after he took the chequered flag. "Honestly, I spent the whole race pushing trying to keep the Red Bulls behind.

Persons: Max Verstappen, Claudia Greco, Red Bull, Perez, Red, Sainz, Sergio Perez, Spaniard Carlos Sainz, Verstappen, Bull, Mercedes, Christian Horner, Charles Leclerc, George Russell, Lewis Hamilton, Alex Albon, Williams, McLaren's Lando Norris, Aston Martin's Fernando Alonso, Valtteri, Liam Lawson, Oscar Piastri, German Sebastian Vettel's, Ferrari, Yuki Tsunoda's AlphaTauri, Leclerc, Ferraris, Alan Baldwin, Hugh Lawson, Ed Osmond Organizations: Prix, Autodromo Nazionale Monza, Prix REUTERS, Ferrari, Red, Mercedes, Alfa Romeo, New Zealand, McLaren, Red Bulls, Thomson Locations: Monza, Italy, MONZA, Milan, German, Abu Dhabi, Mexican

☆ I visited 4 Subway locations and saw firsthand what challenges its new owners will face. I found stale bread, bad tuna, and outdated, dirty restaurants.
▼ + stars: | 2023-09-01 | by ( Nancy Luna | ) www.businessinsider.com time to read: +9 min

We visited four Subway in Southern California to figure out how Roark can fix the brand. So I visited four Subway stores near my Southern California home. It is one of hundreds of Subway stores that have been remodeled over the years. In 2021, The New York Times conducted its lab test and published a report stating that it found no tuna DNA in Subway tuna sandwiches. I ordered the tuna sandwich at a Subway in Santa Ana, California, an aging stand-alone store in a former adobe-style Taco Bell building.

Persons: Roark, Dunkin, Fred DeLuca, Jared Fogle, It's, haven't, Nancy Luna, Burger King, —, Tim Powell, Powell Organizations: Roark Capital, Buffalo Wild Wings, Service, Subway, Royce, Owners, The New York Times, Chapman University Locations: Southern California, Wall, Silicon, Jersey, North America, Miami, Orange , California, Santa Ana , California, Orange

☆ Here's what it would take to restore the rusted remains of a 1954 Ferrari purchased for $2 million to its glory days
▼ + stars: | 2023-08-20 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Scraps of a rare 1954 Ferrari 500 Mondial Spider Series I were just sold for about $1.9 million. The buyer could end up investing another $2 million just to restore the car, a Ferrari expert said. In "very good condition," the model can be worth up to $4 million to $5.5 million, the expert said. The remnants of a Ferrari 500 Mondial Spider Series I were recently sold at RM Sotheby's auction for about $1.9 million, and it may take another $2 million just to restore the car to its glory racing days, a Ferrari historian told Insider. "A Ferrari 500 Mondial Spider Pinin Farina in restored or at least very good condition is currently in the wide range between $4M and $5.5M," Birner wrote.

Persons: Pinin Farina, Franco Cortese, Cortese, Walter Medlin, Sotheby's, What's, Andreas Birner, Birner, Ferrari's, Ferrari, … Organizations: Morning, RM, Pininfarina, Ferrari, Mondial, Mille, Sotheby's, Ferraris, New York Times, The Times Locations: Italian, Italy, Maranello

☆ Someone just paid almost $2 million for the rusted shell of a 1954 Ferrari
▼ + stars: | 2023-08-19 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

The rusted shell of a Ferrari race car was sold for about $1.9 million to an undisclosed buyer. It was once part of a rare 1954 Ferrari 500 Mondial Spider Series I, one of only 13 ever made. It was being sold alongside 19 other Ferraris that had sat in a barn for 45 years. The rusted shell of an old Ferrari recently sold at a Sotheby's auction for almost $1.9 million. The dented lump of metal may not look like much now, but it was once a 1954 Ferrari 500 Mondial Spider Series I, the second of just 13 that were made.

Persons: Franco Cortese, Walter Medlin, Medlin, Autoweek, Tom Cotter, Sotheby's Organizations: Morning, Ferrari, Toscana, Monterey Car Locations: Florida

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