[DeTomaso] Mangusta insanity in So-Cal

[MikeLDrew at aol.com]

Hi guys,

This is astounding:

http://mycarquest.com/2014/08/a-detomaso-mangusta-sold-for-big-bucks.html

I followed this sale closely because I was consulting with a fellow in 
Europe who was looking to buy an original, unrestored car.  This auction company 
was VERY honest.   The catalog description was taken from info provided by 
the seller, who was about as dishonest as you could get in terms of 
describing its overall condition.   When the car arrived in their hands, they were 
appalled, and they generated a very detailed addendum provided to bidders 
(despite what the auction report indicates) showing that the car was rusted to 
oblivion, with translucent floors, extensive bondo and body rot, etc. etc.

There were numerous other faults as well, including the obviously broken 
windshield.   How 'original' can a car be when it has been painted and had the 
color changed twice?

The potential buyer was initially thinking that it might 'only' need $100K 
worth of restoration, but the report from the auction company gave enough 
information that the fear became that even $100K wouldn't get him on the road, 
so he decided to pass.   The overall analysis was that this car was worth, 
as it stands, perhaps $50-60K, to serve as a starting point for an epic 
restoration.

Clearly, somebody didn't get that memo!!! :>)

Mike
-------------- next part --------------
   Hi guys,
   This is astounding:
   http://mycarquest.com/2014/08/a-detomaso-mangusta-sold-for-big-bucks.ht
   ml
   I followed this sale closely because I was consulting with a fellow in
   Europe who was looking to buy an original, unrestored car. This auction
   company was VERY honest.  The catalog description was taken from info
   provided by the seller, who was about as dishonest as you could get in
   terms of describing its overall condition.  When the car arrived in
   their hands, they were appalled, and they generated a very detailed
   addendum provided to bidders (despite what the auction report
   indicates) showing that the car was rusted to oblivion, with
   translucent floors, extensive bondo and body rot, etc. etc.
   There were numerous other faults as well, including the obviously
   broken windshield.  How 'original' can a car be when it has been
   painted and had the color changed twice?
   The potential buyer was initially thinking that it might 'only' need
   $100K worth of restoration, but the report from the auction company
   gave enough information that the fear became that even $100K wouldn't
   get him on the road, so he decided to pass.  The overall analysis was
   that this car was worth, as it stands, perhaps $50-60K, to serve as a
   starting point for an epic restoration.
   Clearly, somebody didn't get that memo!!! :>)
   Mike