Billionaire's Pagani Pa-gone-i after teen son takes hypercar out for a drive, trashes it
- Reference: 1605791648
- News link: https://www.theregister.co.uk/2020/11/19/teen_totals_pagani/
- Source link:
For Gillean, these nice things come in the shape of an enormous house and a lot of seriously high-end cars. Good for him, you might think, a self-made man living his best life. Unfortunately, he also has a 17-year-old son, Gauge, who runs a YouTube channel with a modest subscriber count and the immodest subject matter of having an obscenely wealthy dad.
Take this vid titled " [1]SPRAY PAINTING MY DADS ROLLS ROYCE...*PRANK* ", for example, and note the purple beast on the right at the start – a Pagani Huayra Roadster.
Five months ago, Gillean Sr [2]posted on his Instagram that the hypercar was a "new arrival" along with a clip showing Gillean Jr behind the wheel.
As it transpired, allowing one's youthful progeny to handle such a majestic creation – Pagani only makes [3]around 40 cars a year – would end up a rather costly mistake.
We know that luxury motors devalue the moment they roll off the lorry, but this steed, identified by [4]petrolhead mag The Drive as [5]chassis 76029 , had a showroom price of $3.4m.
It is no more. The Drive reports that on Tuesday night the Pagani was trashed in a crash with Gauge at the helm. Based on footage again posted to Instagram by a witness, the "driver's door lay on the pavement" with "one or both of the front wheels completely removed from the chassis, and other carbon fiber bits shattered all over the road".
Both passengers were said to walk away "without serious injury". Seeing as Gillean allowed his son to drive the car from day one, we doubt the teen is facing eternity grounded – his dad is more likely to be relieved the accident wasn't worse. Plus, he can always get another.
We've driven a Pagani (in [6]Forza Horizon 4 ) and they're rubbish, squealing on the starting line and possessing all the traction of a flan pudding, which suggests to us that the 754-horsepower Huayra might have a little too much oomph for popping to round to your mate's house to play Roblox .
Even so, we bet the father of the six-year-old [7]who spent £19,000 on a monster truck off eBay is counting his lucky stars the tot's obsession hasn't moved on to something more luxurious. ®
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[1] https://www.youtube.com/watch?v=b_vezWXyu4w&feature=youtu.be
[2] https://www.instagram.com/p/CBejP1OJIIc/?utm_source=ig_web_copy_link
[3] https://www.autocar.co.uk/car-news/industry/pagani-ceo-%E2%80%9Cwe-will-build-v12-hypercars-until-2026%E2%80%9D
[4] https://www.thedrive.com/news/37698/teen-youtuber-crashes-dads-one-off-3-4m-pagani-huayra
[5] https://webcache.googleusercontent.com/search?q=cache:WrXY_4ysDAUJ:forum.pagani-zonda.net/viewtopic.php%3Ft%3D1630+&cd=1&hl=en&ct=clnk&gl=us
[6] https://www.theregister.com/2020/11/05/xbox_series_s_review/
[7] https://www.theregister.com/2020/08/21/6yo_buys_19k_monster_truck_off_ebay/
[8] https://whitepapers.theregister.com/
Re: Why this
You're new here??
It's in "bootnotes" - feel free to unsubscribe from that category!
Re: Why this
Because despite us all being lovely people, secretly we all like a bit of schadenfreude.
In these times raising a smile is something to be applauded, The Reg is pretty factual and on topic for a web-site!
Re: Why this
You're not form around these parts are you?
It's in Bootnotes, the home of much non-related nonsense.
Re: Why this
You have a Silver Vulture badge, and you ask why?
Re: Why this
Is it silver, or tin?
Re: Why this
Mine's Platinum !!
Like or subscribe to my channel for more inane bollocks.
/s
Ask any actuary
There's a reason that young men are charged the highest prices for insurance. I'm glad to hear the kid walked away.
Re: Ask any actuary
"There's a reason that young men are charged the highest prices for insurance."
Not in the EU/UK they aren't. Sex discrimination is illegal here.
Yes, in France at least, it is the case. Just not only for young men. It's a fact that young people have the worst accidents, statistically speaking, so it costs more to insure them.
They get around any discrimination cases by simply charging more for anyone who hasn't been insured for, I think, five years. Given the drive to have a car, people typically get their license at around 18, but if you wait until you're 40, you'll be paying the high price until you're 45.
The problem in France is that most of the yoof learn their "roadskillz" on a scooter and then try and drive cars in the similar manner,
But at least they seem less inclined to drive raging drunk as the previous generation did.
(Ironically both groups end up in a Vehicule Sans Permis.)
It actually stopped 8 years ago, due to EU jurisprudence.
http://leparticulier.lefigaro.fr/jcms/p1_1415451/assurances-la-fin-de-la-discrimination-hommes-femmes
And you contradict yourself, as you say that somebody who's 40 will pay a high price if they've not been insured for 5 years. So what insurances are looking for is not age, but a recent, continuous practice of driving.
Re: Ask any actuary
"Sex discrimination is illegal here."
This wouldn't be sex discrimination. Young male drivers are simply worse drivers. Legislating to say that they're not doesn't change that. All it achieves is to demonstrate that something has gone wrong with your law-making process.
It's nice to have a proper example of political correctness for a change. PC is when we have to say that something that is not true is true because real life is not socially or politically acceptable. It's not actually for when the world has moved on and left your personal values behind or for when someone you don't like says something that's popular.
Re: Ask any actuary
I was talking to someone a couple of years ago who might reasonably have known a bit about this - he was a volunteer in the IAM's young driver section.
According to my source, insurance premiums are driven by the statistics for particular models. Lots of young drivers crash Ford Fiestas, therefore they cost an arm and a leg to insure for young drivers. Not many young drivers crash Mazda RX8s, so the insurance for his 17-year old offspring was surprisingly affordable!
Re: Ask any actuary
You mean that making a man pay more for his insurance only because he is a man is not sex discrimination? Smarter people than you have decided that it is, and is against the law.
Insurance is about mutualizing risk, not adjusting payments according to statistics that applies to the groups you belong to.
Re: Ask any actuary
You try telling the insurance industry that.
Re: Ask any actuary
Aged 17. my brother - "best driver in the world", according to him - severely damaged our parents car, and an innocent car when he lost control of it 3 days after passing his test.
As he (literally) ground to a halt, radio blasting, windows open, the other driver calmly said "I hope you're bloody insured." - The poor guy was just out for a spin - he'd literally picked his car up that day from the garage - where it had been to be fixed after another crash that wasn't his fault!
Re: Ask any actuary
I disagree. Stupidity should have consequences. I just hope they didn't harm any innocent bystanders.
It will have consequences. Given that he will have learned nothing, he'll do it again.
And next time he might not be so lucky.
He can get another one.
But not quickly.
He'll either need to wait for one to come up second hand or add himself to the end of a pretty impressive waiting list.
It would be cheaper (and possibly quicker) to trade in and upgrade the kid....
When you think about the cost of this car ...
3 million to a billionaire is about the same hit as 3 grand is to a millionaire of the same scale, and even less for those of us whose net worth is in the hundreds of thousands.
I.e., this pagani cost as much to the dude as a 15 year old VW golf does to you or me. And to your average renting person in their 20s, it's probably as much as a decent RC car.
Re: When you think about the cost of this car ...
I'm not sure why that matters. If the guy is a petrolhead then I'd assume he'd still be pretty pissed off.
Re: When you think about the cost of this car ...
Or he might be pretty happy, if his life view is:
- there's no point having money, if you don't spend it
- some things are more important than both money and cars. He and his son walked away.
Re: When you think about the cost of this car ...
Both perfectly reasonable viewpoints, but I'd say more important than both is "teach one's children to not be dicks".
Re: When you think about the cost of this car ...
He's not a petrol head as much as a show off. I doubt the car ever saw a track day. It was used to impress his friends. The kid used it as it was meant to be used but didn't have the experience to control it.
As its still got the engine and chassis number I assume it will be repaired and the dad will have a new story to tell his friends.
But still, ha ha ha.
Re: When you think about the cost of this car ...
"3 million to a billionaire is about the same hit as 3 grand is to a millionaire of the same scale"
Remember the law of decreasing marginal utility, or without the textbook, that more money starts to be less valuable when you have a lot of it. Billionaires don't usually have to worry about running out of money needed for basic living or even an emergency expense (unless they're the type to never think about their needs for money), so it's probably worth even less to him.
On a similar note...
On a similar note, I was doing some work at McLaren HQ in Woking when they had Rowan Atkinsons F1 in for a rebuild after he pranged it. At the time it was reported that it was the single most expensive one-off car insurance repair ever.
i'll stick to my skoda fabia thanks
ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha!
... time passes ...
ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha!
What a twat.
Careful you aren't crushed under the weight of that chip on your shoulder.
Daddy's gonna pay for your crashed car
A $3,400,000 toy crashed when so many next door starve... what a fucked-up world.
Re: Daddy's gonna pay for your crashed car
While I sort of understand the sentiment, would you rather he had tucked the money away in a vault? The fact that he's spent it on something means that quite a few people's wages have been paid, from the car designer through the engineers, coachbuilders (or whatever you call them), canteen staff, janitors and so on. And taxes of course, you can't forget the taxes.
And having crashed it, that also makes work for a tow truck driver, mechanic, ... ;-)
Yes, it IS insured!
with the best insurance a billionaire can buy.
Guys, it's alright.
He's posted a photo of him with a bit of a bandage on his arm, and he'll be putting a video up tomorrow about it.
Is Gauge a name? I thought it was a tool.
Why not both?
It's also the distance between two adjacent railway lines
Ha!
I caught the name too. Probably because 'Gauge' was the first name of the most f-d up discipline case in my high school.
It's a force carrying boson. I suspect he transferred the force efficiently but inappropriately. Oh well, I never did trust the standard model.
Cross Equities is daddy's company
From their website: "The result is a proven track record of maximized returns on invested capital with a minimized exposure of risk."
Too bad daddy didn't apply that to sonny. Seventeen years ago a $.25 investment in a condom could have saved him $3.4 million today. Calculate that ROI strategy!
Why this
on the Register.