Ferrari has strict rules for buying its cars In May of this year, a 127-mile LaFerrari Aperta was sold for $5.3 million, so it's safe to assume that the LaFerrari has easily doubled its value since the day of its release. David has served on the boards of the USC Marshall School of Business, USC's Lyoid Grief Center for Entrepreneur Studies, Student Philanthropists Advancing Real Change, Asian Professional Exchange, Los Angeles County Sheriff Advisory board, and Los Angeles Chinese Chamber of Commerce. The estimated value of the Ferrari 250 Lusso Competizione is around $10,000,000. Business executive who has worked as Chairman & CEO of Hing Wa Lee Group. Lee's wife, Katherine, runs Brilliant Realty, David's residential and commercial real estate agency. Forbes estimates that Ralph Laurens collection of more than 70 cars is the highest-valued in the world. 6,454 posts. 3. David Lee's $50 Million Worth Ferrari Collection. David had initially bought the 1971 365 GTS/4 Daytona Spyder in silver as part of his classic open-top Ferrari collection, which also included the 1965 250 GTS, 1967 330 GTS. Only 300 Ferrari 250 GT Lusso models were produced, and only three of them were given the "Competizione" designation. Furthermore, in February of this year, she took possession of a new $1.4 million LaFerrari after delivering her baby girl. According to Super Car Blog, parked in Lees massive garage is a Ferrari 288 GTO, F40, F50, and Enzo. Picking the color was a challenge. He frames it as if he is righting a long-held wrong. Multimillionaire Ferrari collector David Lee had his sights set on aLaFerrari Apertafor $2.2 million. Mr. Hing Wa Lee EDUCATION University of Southern California (USC), Marshall School of Business BA degree in Entrepreneur Studies WORK Chairman & CEO of Hing Wa Lee Group ( www.hingwalee.com) Companies in the group consists: MUST-READ: Watch Ferrari Collector David Lee Unveil His New LaFerrari Aperta. A lot of people have them., He began wondering whether he could do something grander, something that would make history. Its overall character represented the world of Formula 1 like no other, and the car housed an exquisite F1-style construction that mainly comprised composites. Do Not Sell or Share My Personal Information. They oversee jewelers, real estate, motor companies, and restaurants. The car strictly represented the functionality aspect of the machine, with its exquisite engineering and minimal equipment list working in tandem to make the Enzo as light on its feet as possible. 75.119.221.231 So the Ferrari fanatic with 724,000 Instagram followers committed the cardinal sin for blue-chip collectibles: He modified one. 1967 Ferrari 330 GTS But a year ago, Lee bought a black 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 cues. He ended up selling the 1972 Daytona Spyder and regretted it a lot. Sa fortune s lve 2 000,00 euros mensuels But then David ended up selling the car back to him. Lee also replaced the original V-6 with a new, 3.6-liter V-8 and added a new transmission, brakes, and even a removable holder for his iPhone. His car collection is worth more than $50 million.So without further ado, here are the ten most expensive cars present in David Lees collection. The cars performance figures were not exactly mind-boggling, but its all-round technological superiority helped extract the best out of its V12 motor. Multimillionaire Ferrari collector David Lee had his sights set on a LaFerrari Aperta for $2.2 million. Although he paid nearly double the original list price when the new LaFerrari Aperta was announced, Ferrari excluded him from the list of clients invited to buy the convertible version of the hypercar. Yes, David is a married man. David SK Lee, A Chinese-American Renaissance Man! - HuffPost Robert M. Lee, who was famous for his extraordinary car collection, his generosity, friendship and wonderful parties, died on January 28. The 250 GT possessed all the elements of a successful racer. The Ferrari F40 was equipped with a 2.9-liter twin-turbo V8 capable of producing 471 HP and 426 lb-ft of torque. The F50 was created to celebrate Ferraris milestone of 50 years in the automobile industry. 4. The red Ferrari F50 he owns is a roadster, and so it has a soft top so that the driver is able to hear the V12 engine better. The company wants to make sure only respectable drivers retain ownership. David Lee owns around 30 cars, which isnt a lot compared to other high-end car collectors, but what separates him from everyone else is the quality of each car present in his collection and the fact that he is always willing to share his passion for car collecting with everyone else. Also known as "Ferrari Collector David Lee," he is the CEO and Chairman of the Hing Wa Lee Group, which was formerly run by his father. He owns every single model that Ferarri considered a "super car" produced between 1985 and the present. Retired NBA Player David Lee's Net Worth And Love For Ferraris To celebrate 20 years since their victory at the 1995 24 Hours of Le Mans, McLaren announced that they would be bringing back the GTR name by making a track-only version of the P1. More than 3,000 hours over the course of a year went . David ended up buying the car from him and achieved his life-long dream of owning a Ferrari 288 GTO. With an impressive car collection valued at $50 million, Lee explained on his YouTube channel how he was able to break the rules to snag the highly sought-after car. Ceno contends that acquiring a car like the LaFerrari isnt easy and usually requires a long relationship with a Ferrari dealer as an absolute minimum. The 250 GT initially housed a short wheelbase configuration, with the eventual launch of the long-wheelbase version of the 250 GT bearing the Lusso moniker. The seats were redone in blazing oxblood leather; the shifter got a new, steel knob. Sources: Car and Driver, Daily Mail, Carbuzz, and 4WheelsNews. The Ferrari Enzo was an important car for the Italian giant, with David Lee being one of the few chosen ones worthy enough to own this masterpiece. Singer Vehicle Design perfected the business side of it years ago when it started restoring Porsche 911s to the tune of $600,000 and up, taking cues from prolific private individuals who outlawed classic cars for years before. Even parked by a wall of blazing bougainvillea, the car looks understated. Afterward, on February 11, 2011, he became the first Knick to make the All-Star team, since Allan Houston and Latrell Sprewell appeared in the 2001 NBA All-Star Game after he was chosen to replace an injured Allen Iverson to represent the East team at the 2010 NBA All-Star Game. He purchased his limited edition 458 Speciale Aperta and LaFerrari on a visit to Maranello in 2015. He married his wife Caroline Wozniacki, a Danish professional tennis player in June 2019 in Italy. It can go from 0-60 MPH in 3.3 seconds and has a top speed of 218 MPH. In Memoriam: Robert M. Lee - Sports Car Market The 275 GTB/4 owned by David is red in color and is also the winner of the best show in the Ferrari Cavallino Concours event. However, he retired announcing his retirement on November 19, 2017, on Instagram. Regardless of the size of your bank account, owning a Ferrari is considered a privilege. The car holds a special place at the prestigious Concorso Ferrari event, being the favorite pick in the class of 150 cars. Performance & security by Cloudflare. Lee took Best of Show at Pebble Beach in 2006 with his 1931 Daimler Double-Six 50 Corsica . Her passion for luxurious and high-performance vehiclesincludes a customized Ferrari 458 and a black 488 Spider. His Ferrari collection includes a 1960 Ferrari 250GT Short Wheelbase Berlinetta, a 1967 Ferrari 275 GTB N.A.R.T. A 6.3-liter V12 motor powers this supercar and hooks up to a seven-speed dual-clutch automatic gearbox. David Lee Net Worth | Celebrity Net Worth The 1967 Ferrari 275 GTB/4 has a naturally aspirated V12 that produces 295 HP and 215 lb-ft of torque. He said, I'm the "red rocker" and everything, and I got enough red things, you know? Who is Buster Poseys Twin? The V-8 engine in Lees Dino now produces 400 horsepower, compared with the 192 horsepower that Ferrari boasted in the original version. Later on, he accepted an athletic scholarship to attend the University of Florida in Gainesville, Florida. The original selling price of the Huayra 730S Edition was $2,400,000 back in 2015. Hing Wa Lee Plaza featured the Hing Wa Lee Jewelers 11,000 square foot anchor store, which offered the country's largest selection of jewelry, watches, and accessories. Ceno says he will still buy Ferraris, but he prefers buying the cars used rather than having to deal with the politics of acquiring a new limited-edition. His passion for investing and cars lead him into the world of car collecting. The car sports an exquisite design language and many technological firsts, making it an important and well-respected machine from Ferrari. Only 350 units of the renowned four-cam 275 GTB were ever made. $2.1 million is his salary. He owns two Ferrari F50s and two F40s. Ferrari F430 For Sale Check out the video below for over 10 minutes of touring . The Ferrari 275 GTB/4 is another special machine in David Lees collection. Net worth is calculated based on the publicly available CPM (cost per thousand views) paid by advertisers. There were a total of 349 F50s ever made, and only 31 of those F50s were given a yellow coat of paint, and David happens to have one of them. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Jamison Services | David Lee | Koreatown LA - The Real Deal Los Angeles As Chairman and CEO of Hing Wa Lee Group, David holds a strong passion for luxury watches that pair perfectly with his . Why cant he buy the elusive $2.2-million LaFerrari Aperta? In the year 2002, as a freshman, he was named to the All-Southeastern Conference (SEC) freshman team by the conferences coaches. With a strong social media presence, the wealthy jeweler refers to fellow car collector Jay Leno as my bro 24/7, the LA Times reported. The multimillionaire watch and jewelry entrepreneur already owns a garage full of Ferrarismany bought directly from the factoryas part of his $50-million car collection.