[DeTomaso] Panteras for sale

Wed May 16 01:32:23 EDT 2007

Good comments--the same thing happens in the stock market, too!

Sincerely,

Chris

>From: F&D Terry <gt5s at bcpl.net>
>To: Christopher Kimball <chrisvkimball at msn.com>
>CC: dave at damardirect.com, michael at michaelshortt.com, detomaso at realbig.com
>Subject: Re: [DeTomaso] Panteras for sale
>Date: Tue, 15 May 2007 23:19:51 -0400
>
>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.
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>>> >>
>>> >>
>>> >
>>> >
>>> >
>>> >
>>> >
>>>
>>>
>>>
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