[DeTomaso] 1987 GT5-S Black/Tan For Sale

[LS]

Someone said that to me...in 2006.

Can a bubble last 3 yrs?

What about 10yrs?

13?


 Did the bubble start in 2012? Or did it start in 2000?

What dictates the pop of the bubble? Recession?

Bad housing market? Loss of confidence in financial markets?

We might be starting a bubble now...could be a long way to the top.

Maybe early cars will hit $200k, then the bubble will pop and they will settle into the $100-120k range down the road.

A Ferrari GTO just sold for $52mil.

If the bubble pops, will that car then be worth "only" $40 mil as opposed to $5 mil just a few years ago?

So many variables...

LS






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On Monday, October 21, 2013 6:03 PM, Douglas Kelm <dakelm at qwest.net> wrote:
 
Three words to the wise: Ferrari bubble 1989!
 
From:DeTomaso [mailto:detomaso-bounces at poca.com] On Behalf Of Mike Drew
Sent: Monday, October 21, 2013 3:26 PM
To: Will Kooiman
Cc: detomaso at poca.com
Subject: Re: [DeTomaso] 1987 GT5-S Black/Tan For Sale
 
 

On Oct 21, 2013, at 12:55, Will Kooiman <will.kooiman at gmail.com> wrote:
But non GT5-S Panteras are not going for 67.5K.
> 
>>>Good ones are now selling for even more than that. 
 
There is a very nice, very original (but repainted) L model at Fantasy Junction asking $82.5K. Several really nice early cars have sold for $70k and up in the past 18 months. I know of one low mileage all original L model that went for $125k in the last six months. 



>I haven't seen this car, but $135K sounds very high.  It might be nice.  But $135K?
 
>>>I agree. But if it is all original it is at least $100-110k now. 
 
Will that last, continue to climb or go down? Who knows. Mangustas are totally nuts--I know a guy who turned down $200k last week for a car with rust issues and some modifications and there are at least two others on the market in better shape asking over $240k!
 
Mike


 

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