Symbolic Motor Car is a vintage motor car company with a wide inventory of Classic & Competition automobiles. Marc Chase and Bernie Chase fund the company by using their net worth. Since its establishment in 1985 by brothers Bernie Chase and Marc Chase, Symbolic Motor Car has gained a strong reputation.
Today, Symbolic Motor Car enjoys a net worth of $120 million a year by making available vintage motor cars. The 25,000 square foot store in San Diego, California, comprises the world’s most exclusive cars.
Among many vintage cars, the names of a red 1939 Alfa Romeo 8C 2900B Touring Spyder and a 1938 coupe (winner of Italy’s 1947 Mille Miglia) come in. Each vintage car is priced at $6 million each. Instead of operating on the consignment model, Symbolic enjoys funding by the net worth of Bernie and Mark Chase.
Symbolic requires a huge net worth, which Bernie Chase and Marc Chase arrange using their business tactics. For instance, Symbolic opted for a 1967 Ferrari 412P for $3 million that won renowned 1,000-kilometer races at Monza (Italy) and Spa-Francorchamps (Belgium) in 1966.
The Chase brothers renovated the car for a year and sold it for a whopping $4.5 million to a popular Japanese investor. Symbolic Motor Car is also involved in charity work and Bernie Chase raises approximately $60 million yearly for Scripps Research Foundation and Institute for Childhood & Neglected Diseases.
The process of luxurious car donations also contributes to arranging capital for Symbolic Motor Car. For example, at Christie’s Pebble Beach auction, John McCaw bought a 1967 Ferrari 275 GTS/4 NART Spyder for more than $2 million. Scripps received all the collected money.