[DeTomaso] More on Pantera values....

[John Taphorn]

Julian - I support your thinking.  Along those lines, I believe it is 
easier to sell your significant other on the lower initial outlay as few 
have any real insight as to the forthcoming cost of restoration.  Most 
people with whom I have discussed the financial cost of their 
restorations are not even honest with themselves. They avoid adding up 
the receipts for fear of depression.

JT


On 11/13/2013 9:58 AM, Julian Kift wrote:
> Mike,
>
> Agreed in the most part about Pantera prices, however I'm always a 
> little hesitant to take project Pantera prices and predict them out to 
> what finished examples would sell for. There are a lot of potential 
> owners out there that have a price point well below a good or 
> restored/modified Pantera and very few project Panteras so competeion 
> is fierce and prices get skewed.
>
> I'm finding it's the same with houses; I've been looking for an 
> acreage here locally and anything with a home that requires 
> modernization is selling within days or even hours (we've been outbid 
> on five houses now), but those same houses post the modernization a) 
> don't reflect the dollars put into them for the modernization and b) 
> stay on the market. It's all about the price point that people can get 
> in at and there's a lot more competition at the reduced price levels, 
> despite condition. Yes I wish I had the $$ to get into one of the 
> already modernized ones, but simply can't stretch that far at present 
> and prices in general are on a fairly steep rise again. Sound familiar?
>
> Julian
>
> ------------------------------------------------------------------------
> From: MikeLDrew at aol.com
> Date: Wed, 13 Nov 2013 03:40:43 -0500
> To: detomaso at POCA.com
> Subject: [DeTomaso] More on Pantera values....
>
> Hi guys,
>
> Just spotted this on E-bay; Jim Demick flipped a beautiful rust-free 
> southwest car for a restoration project:
>
> http://www.ebay.com/itm/Other-Makes-Pantera-Pre-L-/370935390036
>
> The selling price would have bought you a really nice driver Pantera 
> just a year or two ago.
>
> Those of you who think that the prices for good, solid, stock Panteras 
> have not really rocketed upwards are kidding yourselves!  But, that 
> doesn't necessarily mean that modified cars are following along.  I 
> think modified cars (of which mine is definitely one) are 
> appreciating, but not at nearly this rate....
>
> Mike
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