Friday, May 4, 2018

David Lee's Ferrari Collection - The Outlaw

David Lee, owner of the $300-million watch and investment empire Hing Wa Lee Jewelers, also owns more than $50 million worth of the world's rarest cars. His collection, stored in a garage underneath a nondescript shopping plaza 40 minutes outside downtown Los Angeles, includes Rolls-Royce, Pagani, Porsche and Mercedes-Benz.

But it is his dozens of iconic Ferraris — including an Enzo, an F50 and F40, as well as multiple F12s, 250s, 275s, and 288s — that have earned Lee the most notoriety.
The Ferrari fanatic did the unthinkable for blue-chip collectibles: he modified one. Traditionally, collectors of high-end cars go to ridiculous lengths to protect the exact specifications of the original specimen. Lee bought a 1972 Dino for $260,000 and then spent more than $1 million to update it — or "outlaw" it, as the practice is called among connoisseurs — with modern components and bespoke styling. Ferrari doesn't see the vehicle, officially. The brand has some history with Lee, who claims he was denied the chance to buy a LaFerrari Aperta because he wasn't a preferred customer.