[DeTomaso] Panteras for sale

Tue May 15 23:19:51 EDT 2007

I have followed the collector car market most of my life and have made 
some fortuitous purchases. The cycles are timed by experienced buyers on 
the upswing until inexperienced buyers get in at the top with hopes of 
future profits. They cause a final price surge but because these late 
comers have a limited knowledge of the subtle differences that make a 
truly valuable car they get burned. They then realize their mistake and 
must sell at a loss because all the savvy buyers know prices are too 
inflated. The late buyers lack the knowledge to be able to detect a 
fraud. There are more big block Corvettes now than when GM was making them.

Since my teenage years I have purchased cars based on their potential 
for price appreciation. I learned early to purchase the rarest and most 
complete cars as they will appreciate the most. I feel the top of 
another cycle is not far off as prices have become unpredictable and 
chaotic in their upward spiral.

Fred T.

Christopher Kimball wrote:

> At the risk of being skewered for being political--I have to agree!  
> The only thing I would mention is that any niche asset such as 
> collectible cars, is affected by a variety of factors and the values 
> rise and fall in cycles.  It wasn't too long ago the collector car 
> bubble burst, and I'm sure that will happen again sooner or later.
>
> As far as I'm concerned, buying a great car just for collector value 
> and not because you love it and (heaven forbid) want to drive it is a 
> huge waste.
>
> Now if I could just get my Pantera back on the road so I could do some 
> driving...!
>
> Chris
>
>
>> From: F&D Terry <gt5s at bcpl.net>
>> To: dave at damardirect.com
>> CC: michael at michaelshortt.com, detomaso at realbig.com
>> Subject: Re: [DeTomaso] Panteras for sale
>> Date: Tue, 15 May 2007 14:33:39 -0400
>>
>> Actually the stock market has done very well for quite a few years with
>> yearly gains in the 20% range for picking the right investment. This is
>> what happens when the government doesn't tax all our money away, leaving
>> some for us to invest.
>>
>> I attribute the reason car prices have risen so rapidly lately is
>> because everyone is feeling flush as a result of stock market and
>> housing gains. It certainly has put dollars in some pockets that a few
>> years ago were nearly empty. Wait 'till Hillary gets through with her
>> government funded health care. Car prices along with the stock market
>> will have a serious set back.
>>
>> Fred T.
>>
>> Dave McManus wrote:
>>
>> >IMHO, As long as the stock market is not attractive, the 
>> "investment" cars
>> >will continue to do well. It is an alternative to the market.
>> >
>> >Indy
>> >Dave
>> >
>> >-----Original Message-----
>> >From: Michael Shortt [mailto:michaelsavga at gmail.com]
>> >Sent: Monday, May 14, 2007 7:03 PM
>> >To: Mike Thomas
>> >Cc: Detomaso at Realbig. Com
>> >Subject: Re: [DeTomaso] Panteras for sale
>> >
>> >I DO like those prices, perhaps sooner than later they will be 
>> commonplace
>> >for well cared for examples of our cars.  If we knock the value of 
>> these
>> >cars ourselves, how do we expect those outside the circle to appreciate
>> >them?
>> >I have been to 5-7 auctions in the last year, still amazed that some 
>> "Shelby
>> >Mustang", a glorified fastback with a few over the counter parts now 
>> command
>> >225K as a starting point.
>> >Meanwhile, Mangusta. rolling works of art stall at 60K and Panteras 
>> sell for
>> >30-50K.
>> >The entire car price structure is about as FU as started to get when 
>> the
>> >1980's Japanese started buying Ferrari Daytonas for 500K and GTO's 
>> at 10-15
>> >million. I personally know of one that they offered to buy at 10 
>> million 15
>> >years ago, the owner turned them down and later sold it for less 
>> when the
>> >bottom finally fell out.  Just as it may do with Muscle cars at some 
>> point,
>> >3.7 Million for a 1971 Hemi Cuda Conv. is a joke, the car drove like a
>> >truck, so what there were only 12 made in 1971, that should tell you
>> >something, NOBODY wanted one.
>> >Let's be our own best cheerleaders ans start being amazed at how 
>> cheap one
>> >sells for, not indignant at how much is asked or paid fopr one.
>> >
>> >Michael in Savannah
>> >
>> >
>> >On 5/14/07, Mike Thomas <mbefthomas at comcast.net> wrote:
>> >
>> >
>> >>I like those prices!
>> >>Yeah, right . . . .
>> >>
>> >>-----Original Message-----
>> >>From: detomaso-bounces at realbig.com 
>> [mailto:detomaso-bounces at realbig.com]
>> >>On
>> >>Behalf Of Garth Rodericks
>> >>Sent: Monday, May 14, 2007 11:53 AM
>> >>To: detomaso at realbig.com
>> >>Subject: [DeTomaso] Panteras for sale
>> >>
>> >>There are 3 Panteras for sale on cars.com\
>> >>
>> >>
>> >>
>> >>
>> >>
>> >http://www.cars.com/go/search/search_results.jsp?tracktype=usedcc&searchType 
>>
>> >
>> >
>> >>
>> >>
>> >=21&cid=&dlid=&dgid=&amid=&cname=&mdnm=all&mknm=DeTomaso&rd=10000&zc=95125&m 
>>
>> >
>> >
>> >>
>> >>
>> >akeid=80&modelid=&pageNumber=0&numResultsPerPage=50&largeNumResultsPerPage=0 
>>
>> >
>> >
>> >>
>> >>
>> >&sortorder=descending&sortfield=PRICE+descending&certifiedOnly=false&criteri 
>>
>> >
>> >
>> >>
>> >>
>> >a=K-%7CE-%7CM-_80_%7CN-N%7CR-10000%7CI-1%7CP-PRICE+descending%7CQ-descending 
>>
>> >
>> >
>> >>%7CZ-95125&aff=national&aff=national
>> >>
>> >>(or http://tinyurl.com/23yfdq)
>> >>
>> >>Do we know these cars or the sellers?
>> >>
>> >>Cheers!
>> >>Garth (never selling) Rodericks
>> >>#4033
>> >>
>> >>
>> >>---------------------------------
>> >>Don't pick lemons.
>> >>See all the new 2007 cars at Yahoo! Autos.
>> >>_______________________________________________
>> >>
>> >>Detomaso Forum Managed by POCA
>> >>
>> >>Archive Search Engine Now Available at 
>> http://www.realbig.com/detomaso/
>> >>
>> >>DeTomaso mailing list
>> >>DeTomaso at list.realbig.com
>> >>http://list.realbig.com/mailman/listinfo/detomaso
>> >>
>> >>_______________________________________________
>> >>
>> >>Detomaso Forum Managed by POCA
>> >>
>> >>Archive Search Engine Now Available at 
>> http://www.realbig.com/detomaso/
>> >>
>> >>DeTomaso mailing list
>> >>DeTomaso at list.realbig.com
>> >>http://list.realbig.com/mailman/listinfo/detomaso
>> >>
>> >>
>> >>
>> >
>> >
>> >
>> >
>> >
>>
>>
>>
>> _______________________________________________
>>
>> Detomaso Forum Managed by POCA
>>
>> Archive Search Engine Now Available at http://www.realbig.com/detomaso/
>>
>> DeTomaso mailing list
>> DeTomaso at list.realbig.com
>> http://list.realbig.com/mailman/listinfo/detomaso
>
>
>
>
>
>