Celebrity car collectors – Warehouse in Santa Monica CA

1967 Ford Mustang GT Fastback (Eleanor re-creation)— Nicolas Cage: Cage is a bit of a legend when it comes to overspending. His ex-financial manager, Samuel Levin, claims in 2007 alone that Cage bought $33 million in property, 22 automobiles and nearly 50 pieces of expensive jewelry, art and other exotic items.

He keeps up to 50 vehicles in a warehouse at the Santa Monica airport, which has a rotating door as cars and motorcycles come and go.

Cage is a Lamborghini enthusiast, with his prize being a Lamborghini Miura SVJ that had been owned by the Shah of Iran and was confiscated from the Imperial Garage during the 1979 revolution. He paid half a million for it, about 200 grand over market value.

At his peak of spending, he was buying the latest from just about any luxury car maker when it hit the market, be it a Ferrari, Lambo, Aston Martin, Rolls Royce or Bentley. He’s been seen in a Ferrari Enzo, a priceless Ferrari California 250 Spyder, and kept a Jaguar D-Type on exhibit in the billiard room of his Bel Air mansion.

In recent years, Cage has been in serious hot water with the U.S. IRS, so it’s unclear how many cars he’s sold to help clear the bill. He also could have unloaded the Gulf Stream jet, or the two islands, or the two yachts, his castle in England, the albino boa constrictors…

Check it out the same guy who lost a few homes in foreclosure.Maybe he should have sold off his car collection.

Posted on Santa Monica Real Estate – Santa Monica Homes For Sale

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