[DeTomaso] Real Beauty ending on ebay at 4:40 Pacific Time

[pantdino at aol.com]

 On ferrarichat.com the consensus is that prices for vintage Ferraris have already fallen 25% from their peaks.? And at a gathering of exotic dealers the expectation was that prices will fall to half their peaks in another year or two.? Later model cars like the 360 and 430 are eating it even worse as their overleveraged buyers and speculators bail out.

So 10K off a 45K car is about right at the moment.? Thank goodness Panteras never skyrocketed -- they would just have further to fall and a lot of buyers would have been frozen out of the market.

Jim Oddie


 


 

-----Original Message-----
From: MikeLDrew at aol.com
To: tcabanski at tencom.com; detomaso at realbig.com
Sent: Tue, 2 Dec 2008 9:42 am
Subject:  Re: [DeTomaso] ? Real Beauty ending on ebay at 4:40 Pacific Time











In a message dated 12/2/08 6 11 58, tcabanski at tencom.com writes:


> Talk about giving it away !
> A little over $33K.
> That is why Pantera's struggle to go up in value when someone can go out
> and buy a super clean one for less the $34K.
> 

Just shows that now is not the time to be in a hurry to sell anything.   When 
you dump something on the market with a 'must be gone by Tuesday' scheme, 
you're going to give it away.   This was a super-clean car, very well-bought, 
easily worth $10K more.

I hope that this went to somebody who will love and care for it, but it 
wouldn't surprise me to see it back on the market in a few months, perhaps 
through 
a more conventional sales channel, with a much higher asking price....

Mike


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