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Car buyer Scott Linton Tracks down hard-to-find automobiles for well heeled
clients. His fee? Five percent of the car's cost.
Photo by Mark Rhodes |
The Priceless Club
Wealthy Virginians have never been quicker
to dispose of their disposable income. That's helping retailers who specialize in
ultra-luxury items.
By MIKE ASHLEY
Scott Linton makes dreams come true. If you've got the cash, he can bring you the car. You
name it: Ferrari, Pantera, Lamborghini. If it has four wheels and there's one in the
continental United States, Linton can probably procure it.
The 33-year-old Clifton native got his start selling used cars in Northern Virginia,
but now he owns Linton Motorsports in Manassas, a wholesaler to big, local dealerships and
a retailer to wealthy customers who can afford exotic cars.
"We've got a pretty good customer base," Linton says of the retail side of
his operation. "There are a lot of people who can afford to buy whatever they
want."
Linton recently returned from a quick jaunt to Orlando, Fla., to pick up a 1995 BMW 540
six-speed, a rare model. That's how his business works: Clients come to him with a car in
mind; he tracks it down and brings it back for 5 percent of the cost. That kind of deal
can be pretty lucrative when you're talking about a $125,000, 2-year-old Lamborghini
Diablo.
"It's not easy to find cars like that," he says. "They don't fall out of
trees. It's not like going out and looking for Corsicas and Cavaliers. I wrap a lot of
money up into these cars on speculation, sometimes with nothing more than a handshake.
"The retail side of my business is just like buying and selling stock," he
continues. "Only we're doing it with cars. And I've noticed it goes hand-in-hand with
the stock market. When the economy is going good, people buy a lot of toys."
Right now the commonwealth's economy is booming, and there are a fair number of
Virginians filling up high-dollar toy boxes. So put on your Cole-Haan tassel loafers ($145
at Nordstrom) and let's do a little Tiffany window shopping. Let's sniff out some
big-ticket items in the Old Dominion, and I'm not just talking about a $230, 1.6-ounce
bottle of Santos de Cartier.
* * *
You wanna run with the big boys? First, realize that big boys don't run. Some don't
even drive. They fly.
Maybe you can't yet afford your own plane, but that shouldn't stop you from joining the
jet set. Companies like Piedmont Hawthorne Aviation of Norfolk are around to help, and
they're certainly no fly-by-night operation.
The company branched out from the old Piedmont Airlines when USAir bought the Carolina
carrier. Since then Piedmont Hawthorne has grown from eight fixed-base operations to 24
facilities at airports from Rhode Island to Florida. The company has planes to rent and
charter from single engines that begin at $300 an hour all the way up to jets for $1,800
per hour. And the airline can help your business take wing in more ways than one.
"Whatever [our clients] need whether it be food ... exotic wines, hotel
reservations, limos, car rentals we can handle it all," says Janis Buchwald,
charter manager for Piedmont Hawthorne's base at Norfolk International Airport. For many
clients, money isn't a problem. "Time is the problem. They've got to get where
they're going, and the cost of a plane doesn't compare with the cost of the time they're
saving by flying."
Corporate jets may seem expensive, but mile-for-mile they are a lot cheaper than
traveling on yachts. The biggest and best Viking Sport Cruisers will dock you about $3
million, says Jud Black, a vice president at Bluewater Yacht Sales in Hampton. These
82-foot boats are "the Mercedes of what's available," says Black, whose company
specializes in the Viking line.
"Five years ago the average boat was between 45 and 50 feet long, and now our
average sale is between 55 and 65 feet long," Black says. "Right now the market
is extremely good, and it's difficult for us to have much inventory. We keep all the
models on order, but it seems they never actually come, and by the time they do, they
belong to somebody."
Most customers have boats built to their own specifications. The largest Vikings have
four staterooms that sleep a total of eight passengers. Add custom cabinets, televisions,
stereos and wet bars, and you're ready to take Thurston Howell III on a three-hour tour.
The 43-foot fishing yachts start at $600,000, and the smallest Viking Sports Cruiser, a
40-footer, costs $450,000. Don't forget to figure in the monthly cost of storage,
electricity, insurance, gas and maintenance.
If you want to hire Skipper and Gilligan to handle all the offshore chores, that can
run another $150,000 per year, but most multimillionaires are self-made sailors.
"Even the bigger boats above 50 feet, I'd say 70 percent of the owners run it
themselves," Black says. Most boat-owners are very hands-on. "You go fishing
with somebody and the guy may be a CEO of a big corporation, and you know that he probably
owns a big home and he wouldn't be caught dead with a vacuum cleaner in his hand. But you
come back from fishing and this guy has got the Windex and a vacuum and he's cleaning
everything up. It has to be a labor of love."
* * *
Can't picture yourself on your own yacht or plane? How about picturing yourself in
front of a picture? They're worth a thousand words, and depending on who the artist is, a
whole lot of money.
"The most important thing is to buy what you like," says Sue Hogan, owner of
The Principle Gallery in Alexandria. "Nineteenth century and early 20th century
American paintings are becoming very rare because everyone, including the Europeans, want
them all of the sudden. A few years ago, it was all European, but now everyone has
discovered the Americans."
"We don't do much with the cutting-edge abstract or avant-garde because it's just
not what the people who come here are looking for," she says.
What are they looking for? The Principle Gallery's most expensive painting now
available is a $20,000 landscape by "emerging star" Kevin Fitzgerald of
Maryland.
If we can't dress you up and take you to an art gallery, maybe we can just dress you
up.
Franco's Fine Clothier has been outfitting the well-dressed Richmonder for more than 20
years. The retailer's top-of-the-line Oxford suit runs around $2,000 off the rack. And if
you want custom tailoring with the finest cashmere blends, you're looking at a $4,000
suit, says Franco's Kent Slonaker. The trend, he says, is more and more toward the casual,
as dress-down Fridays become more popular. Sport coat sales are up, and you can pick up an
Oxford or go to the hand-stitched Brioni sport coat for between $1,400 and $2,000.
Luxury ladies' apparel is a bit more pricey. Expect to pay $5,000 to $8,500 for the
finest mink coats at Hertzberg Furs in downtown Roanoke. But that's not so extravagant,
says manager Carl Rosen, when you can count on 25 to 30 years of wear.
Most furriers don't just sell mink coats, Rosen adds. They also specialize in fine
cloth and leather, and he says fur accessories like ponytail scrunchies, earmuffs,
headbands, fur-trimmed handbags, scarves and gloves are also popular items.
* * *
Forget the Y2K problem: Roanoke wine distributor Gordon Kendall says the biggest New
Year's headache may be finding that perfect bottle of champagne.
"By December, you'll have to fight someone for a bottle of Dom Perignon,"
says Kendall, manager of Roanoke's Lee & Edwards Wine Merchants. "Right now, Dom
is 135 to 150 dollars in New York." If you can't find the Dom, consider a '90 bottle
of LaGrande Dame Veuve Clicquot for $170.
Want to make more of an impression? Try the '96 Domaine Dela Romane'E-Conti at $1,295,
or the '82 Chateau Cheval Blanc for $695. A better bargain may be the Far Niente Cabernet
Sauvignon for $760. It's a huge, three-liter bottle from California that comes in a
wooden, hinged box that will impress your neighbors if they happen to see it on the curb
with your trash.
If you want top-drawer cheese to serve with that wine, think Parmigiano Reggiano. You
can be a big wheel if you buy a big wheel of it for $12.95 a pound.
Now you have everything you need for that Y2K party with the possible exception
of a hot tub. Frank O'Connor Jr. of Hawaiian Pool & Spas in Alexandria says you can
forget your worries in a state-of-the-art spa for around $7,000. That's the price for the
8-foot by 8-foot model, complete with 58 jets that spin, rotate and power massage you from
head to toe.
The hot tubs aren't moving like they did during the housing boom of the 1980s, O'Connor
says, but business has not gone down the drain, either.
* * *
What do you get the CEO who has everything? Nothing says absolute power quite like a
gun. Sporting models are more popular than ever, say gun shop managers.
Green Top Sporting Goods in Glen Allen has been selling weapons since 1947. The top of
the line there is the Beretta Sporting Clay Shotgun for $4,200. A fine American-made
shotgun can run around $3,000, but you might have to head to David Condon & Co. in
Middleburg to find that really fabulous firearm.
The top British and Italian customized, handmade shotguns cost $20,000 to $50,000,
according to Britton Condon of the family-owned specialty gun shop. Off the shelf, you
might find British Holland & Holland, Rigby or Purdey & Sons guns for between
$10,000 and $20,000. Adding gold and your initials on a custom-made piece, however, can
turn a $35,000 shotgun into a $50,000 purchase, Condon says.
He and his family know something about expensive weapons. The 40-year-old company also
specializes in collectible antique guns. They sold one of Gen. George Custer's side arms
for $350,000 a few years ago, and they have a pistol once owned by Buffalo Bill priced at
$37,000. A .22-caliber target pistol from Annie Oakley's personal collection will run you
$65,000.
Need directions to Condon & Co.? Well, if you were driving a brand new Cadillac
a fully loaded, $56,000 Seville STS you'd have the On-Star system that
tracks your car through a geo-positioning satellite. Can't find your car at the airport
parking lot? A quick call to the system will make the car toot its horn and flash its
lights until you find it.
The "average" Cadillac also comes with a voice-activated telephone,
rain-sensor windshield wipers and a two-driver personalization package that automatically
adjusts seats and mirrors, not to mention radio stations.
"The baby boomers are in their mid to late 40s or early 50s now," says
Jacques Moore, who owns Moore Cadillac of Richmond. "There was a time when they
didn't want to drive the same car as their parents, but I think now they want that symbol
of success."
Maya Wood, operations manager at Pegasus Motorcar Co., a BMW, Porsche and Audi dealer
in Charlottesville, sees that trait and something even more important in his customers.
After spending several years working at lower-end dealerships, Wood moved to Pegasus. One
of the things he most values in his customers is that they can actually afford the cars.
"At a lot of dealerships, 30 to 50 percent of your customers are somewhat
challenged in the credit department," he says. "That can be very frustrating.
You spend that much time showing and demonstrating your product, getting to know them, and
then they can't purchase it. Here, there's a much more relaxed atmosphere because there
isn't as much pressure in terms of our customers being able to purchase the product."
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