I think you guys are taking him a bit too seriously. Sure, his family's got the goods. I just think he likes playing the part of the agitator to see your reaction and to see if you'll take the bait.

A proper response should have been that he should take the Black E70, bury it deep in the Middle East sand, hitch a ride on a camel back to the ranch, then ask his Dad to buy him a new one - in Platinum Bronze, no less

Have fun with him!