[DeTomaso] market test sale

[pantdino at aol.com]

 Sale prices from a year ago are meaningless unless you want a baseline from which to subtract.
If you go to ferrarichat.com you'll see threads on how much values have collapsed in the last few months-- figure 25-40% down on the average for vintage cars with the expectation that they will fall to about 50% of their peaks over the next year. (With up to 80% fall from the really crazy prices paid at auction in the last throes of the leveraged speculator market.)
Fortunately Panteras never went into the stratosphere like Ferraris did, so the "correction" will be much less severe.
The problem with stating a value for Panteras is that virtually none of them are stock and the new buyer may or may not like the changes someone has made. So what the seller views as an improvement may be to the buyer something that has to be redone or put back to factory.

As Charles said, this is not the time to sell unless you are willing to take less for the car.  But no one can say when values will go up, and if you can get a good deal on the house in these bad times it might make sense.

Jim


 

-----Original Message-----
From: michaelsavga at gmail.com
To: charlesbuthala at yahoo.com; detomaso at realbig.com
Sent: Sun, 21 Dec 2008 3:29 am
Subject: Re: [DeTomaso] market test sale










First I would say that now is not the time to sell your car unless it meant food 
on the table.  It is a buyers market.  Having said that I would track - research 
sales of comparable cars
 over the last year and use them as a guide.  Adding for 
special items like 8 and 10 wheels or vendor 17 and 18. Radical engine. Awesome 
paint. Range I have seen is from 25K to 100K. Baseline for driver with all stock 
parts in #2 condition around 35K. Michael in Savannah
------Original Message------
From: charles buthala
Sender: detomaso-bounces at realbig.com
To: detomaso at realbig.com
ReplyTo: charlesbuthala at yahoo.com
Sent: Dec 21, 2008 2:39 AM
Subject: [DeTomaso] market test sale

If I were to sell my 1972 totally restored Pantera, what would be the best way 
to determine the value.  I have done most of the restoration myself so I have no 
labor cost basis.
I can't believe I am thinking about this but a house on the river would be nice.


      
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