Living in the hills above L.A. has its problems for owners of multimillion-dollar car collections. "A lot of my clients only have the space for a few cars at a time," says Scott Elrod of AutoConcierge (310-979-5900), with its nine-figures worth of museum-quality Porsches, Ferraris and Aston Martins guarded 24/7 in West L.A. "We do everything from storing and rotating out cars for clients to shipping their cars across the globe."
Burbank's Autotopia (512-439-9416) is the solution for longtime client Wilmer Valderrama, who says, "They've built a very special place for collectors." Monthly storage fees at each facility run $850 a month per car; ancillary services might include procuring a rare, early '70s Lamborghini Espada ($150,000), shipping a car to Dubai overnight ($25,000) and setting up a day at the Willow Spring racetrack ($50,000).
For collectors, it can add up to seven figures or more annually - cars, gas and insurance not included. Says Grandma's House Entertainment co-founder Adam Bold, who stores his 10-plus collection at AutoConcierge: "The bottom line is, I'm a big kid and these are my toys. And Scott makes sure all my toys are safe."
This story first appeared in the Oct. 21 issue of The Hollywood Reporter magazine. To receive the magazine, click here to subscribe.