[DeTomaso] 86 Pantera GT5s for sale on Craigslist

[Peter Havlik]

Steve:

What you are saying is referred to by students of 
logic as a tautology, which means that your 
conclusion is contained in your premise. It is 
not a valid argument because it is circular.

If I sold my Pantera for 1 cent because I failed 
to advertise it and chose to take the first offer 
that came along, it is not valid to say that 
because the market brought only a penny then 
that's all a Pantera is worth. If there was 
perfect knowledge and no distorting variables in 
the market place, then perhaps you might have a 
point. However, even a first year economics 
student can tell you that perfect knowledge in 
the marketplace is not possible and, therefore, 
there will always be distortions in prices.

If transportation, duties, tariffs, registration 
legalities and other distorting factors were not 
creating a barrier to Europeans importing 
Panteras from the U.S., then we would certainly 
see a greater demand for American cars and, 
hence, higher prices. Other factors can trigger 
price adjustments,  including media exposure for 
the marque, or other developments that can 
stimulate demand. I think it is entirely valid to 
speculate whether demand and, therefore, prices are artificially low or not.

- Peter

At 16:31 02/07/2007, Steve Hawkins wrote:
>How can any car sell for less than it should?  They sell for what the market
>will bring.
>
>Steve
>
>-----Original Message-----
>From: detomaso-bounces at realbig.com [mailto:detomaso-bounces at realbig.com] On
>Behalf Of F&D Terry
>Sent: Monday, July 02, 2007 12:38 PM
>To: Peter Havlik
>Cc: detomaso at realbig.com
>Subject: Re: [DeTomaso] 86 Pantera GT5s for sale on Craigslist
>
>
>Peter,
>
>I have said all along that the GT5-S cars are selling way below what
>they should. This seems to only be happening in the US with top quality
>cars selling in the high $70s to low $80s. If this is the price range
>for top cars in the US then the one for sale on Craigslist is
>optimistically priced. Maybe someone has been real busy since I last saw
>it was here in VA. I just remember it needed some TLC. I think in their
>present price range the GT5-S cars offer one of the best buys. I would
>still have mine but I needed the room for another restoration project.
>
>Fred T.
>
>Peter Havlik wrote:
>
> > Fred:
> >
> > There seems to be a big gap between prices for GT5-S Panteras in
> > Europe and the U.S. Two of the UK RHD GT5-S Panteras that recently
> > sold to Australia both reportedly went for 58,000 pounds sterling
> > which converts to 116,354 US dollars at today's nominal exchange rate.
> > Admittedly there may be a premium for RHD cars, but the asking prices
> > I have seen in Germany over the last year are still much higher than
> > what we see in the U.S.
> >
> > For example, there is a low-miles 1989 GT5-S currently for sale in
> > Germany with an asking price of EUR 69,000, which converts to 93,280
> > US dollars. A 1987 is for sale in Germany at EUR 59,900 which converts
> > to 79,761 US dollars. A 1980 GT5-S has been for sale for some time now
> > in Zürich at 198,000 Swiss Francs, which converts to 161,766 US dollars!
> >
> > You can make of this what you will, but the fact is that probably less
> > than 182 GT5-S Panteras were built and even fewer remain on the road.
> > Perhaps the prices in Europe better reflect that exclusivity, and US
> > prices are due for an adjustment?
> >
> > - Peter
> >
> > ----------------------------------------------------------------------
> >
> > Message: 1
> > Date: Sun, 01 Jul 2007 07:43:31 -0400
> > From: F&D Terry <gt5s at bcpl.net>
> > Subject: Re: [DeTomaso] 86 Pantera GT5s for sale on Craigslist
> > To: MikeLDrew at aol.com
> > Cc: detomaso at realbig.com, garth_rodericks at yahoo.com
> > Message-ID: <46879363.9080206 at bcpl.net>
> > Content-Type: text/plain; charset=us-ascii; format=flowed
> >
> > Mike,
> >
> > When inspecting the car, keep in mind that at one time it represented
> > a rare variation of a factory car. It was one of a few sold without a
> > rear spoiler. Please let us know your findings. Unless someone has
> > been very busy, I feel the car is outrageously priced considering the
> > one that recently sold in Delaware for $60k was about the best example
> > of a GT5-S short of Dennis Branca's car. It sold for somewhere around
> > $80k a number of years ago.
> >
> > Fred T.
>
>
>
>
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