[DeTomaso] De Tomaso Market Vlaues
michael at michaelshortt.com
michael at michaelshortt.com
Wed Jul 16 17:10:36 EDT 2014
Jonathan Root's car sold for $300,000 by him and resold for $331,000
http://mycarquest.com/2013/12/de-tomaso-mangusta-for-sale-at-auction-in-london-sold.html
Michael Shortt
On Wed, Jul 16, 2014 at 4:41 PM, The DeTomaso Registry Guy <
detomasoregistry at gmail.com> wrote:
>
> Values for De Tomaso cars are rising.
>
> While Mike Murray probably sold his car at a fair price, there may be
> owners out there that
> don't know what the current values are, and may let there car go, thinking
> that they
> got a great price, when in reality they sold 'cheap' by current market
> standards.
>
> I am not aware of what the last couple of Vallelungas sold for.
> Maybe Mike Drew can help, I think he has assisted in a recent (last 12
> months) sale or two.
> The market is sooo thin that it is hard to determine their value based
> upon "comparables".
>
> Mangustas have done REALLY well at European auctions this past couple of
> years.
> (Mangustas have typically sold for much higher prices in Europe than in
> the USA.)
> It started with one car (Apple Green) which sold at auction for something
> near $300,000 U$D.
> That price was widely watched. That same car then resold (private sales)
> a couple of times
> in the following year at prices below that figure, but likely above
> $200,000 U$D.
>
> This specific car sort of started the new Mangusta trend.
>
> Since then... There have been 3-4 Mangustas that have sold for more than
> $200,000 U$D.
> Most recently another Apple Green at RM in Monaco I believe $245,000 U$D.
>
> So the price of one car is one thing, the price for several becomes a
> "trend".
>
> Mangustas that are highly desirable are those (represented) with low
> mileage, and restored condition,
> or original condition. There are just not that many Mangustas, so with
> "fewer" sellers,
> and more buyers naturally the values rise. It is also a thin market.
>
> Pantera values are still "all over the map" because they have been
> modified, and as such are subject to personal taste and make it
> hard to compare. What was "hot" in the 1980's is so out of vogue today.
> Collectors and speculators who both are not buying a Pantera to drive, but
> to "invest"
> have "noticed" the Pantera, and are now pushing up the market for clean,
> near-stock, low mileage cars. There seems to be no
> emphasis on a particular Pantera model (such as Push-Buttons).
>
> Recently the auctions for Panteras has been heating up, and thus even
> "less-than-accurately" described cars but with low listed
> mileage, are seeing strong demand.
>
> As always, there are those sellers or dealers that offer a particular car
> for sale well above current market value. These cars are
> on the market for a long time. No surprise.
> But at some point market value catches up to them (unless the dealer
> continues to keep their asking price above market price) and
> they finally sell.
>
> One of the benefits of the registry, is that it allows potential buyers to
> see a variety of
> "comparables" (as to features, not value), so they better understand what
> is the right car for them, and thus assists in the
> eventual sale/purchase. An educated buyer is a better buyer.
>
> I also notice an interesting trend...
> Cars that have some history in the registry tend to sell better (higher
> price, quicker sale) than
> cars with no documented history. This comes as no surprise to me,
> naturally.
>
> While I have been strongly resisting including sales price on the Detail &
> Photo page, I do get asked all the time, "What is it
> worth?". Like we all learned in Econ 101, the value is what a willing
> buyer and willing seller agree to, (at that specific moment
> in time.)
>
> Chuck
>
>
>
> -----Original Message-----
> From: DeTomaso [mailto:detomaso-bounces at poca.com] On Behalf Of Mike Murray
> Sent: Wednesday, July 16, 2014 11:00 AM
> To: Detomaso at poca.com
> Subject: Re: [DeTomaso] [Detamaso] When is the Price Right
>
> Well for me it was today. I had a client of mine ask his son about
> Pantera's and he told him that I had one and to call me. I talked
> to him about the cars and he said he was looking at getting one to add to
> his collection. I told him to come by and look at mine so
> that if he was going to buy one he could see one up close and with a lot
> of upgrades. He and his wife came by last week and he was
> very impressed with mine. One thing led to another an he said the magic
> words Is yours for sale. Well I hadn't thought about in a
> while but knowing that I would sell it some day I said sure and threw out
> a number. He didn't blink and said let me think about it
> over night. Next day he countered with a very generous offer and I said
> sure. The car will remain in Charleston. I can move on to
> other projects. I still have the 442 convertible and am in the process of
> building a 16' wooden race boat patterned after the Donzi
> classic 16. It has been a pleasure to be a part of the pantera community.
> I want to thank all that have helped me over the past 10
> years. The collective knowledge and wisdom is extraordinary. There's
> nothing we can't figure out. I do have parts and pieces that
> did not go with the car. Also some that came off the car. I will try and
> post the items from time time for the group rather than
> E-bay them. If interested you can contact me. Again thank you all. Long
> live the pantera. Mike Murray
>
>
>
> Mike Murray
> American Dock & Marine Construction, Inc.
> (843) 795-2999
> www.americandock.net
>
>
> _______________________________________________
>
> Detomaso Forum Managed by POCA
>
> DeTomaso mailing list
> DeTomaso at poca.com
> http://poca.com/mailman/listinfo/detomaso_poca.com
>
--
Michael L. Shortt
Savannah, Georgia
www.michaelshortt.com
michael at michaelshortt.com
912-232-9390
This email is protected by the Electronic Communications Privacy
Act, 18 U.S.C. Sec. 2510-2521, is confidential and may be legally
privileged. If you are not the intended recipient, you are hereby notified
that any retention, dissemination, distribution or copying of this
communication is strictly prohibited. Please reply to the sender that you
have received this message in error, then delete it. Thank you
-------------- next part --------------
Jonathan Root's car sold for $300,000 by him A and resold for $331,000
[1]http://mycarquest.com/2013/12/de-tomaso-mangusta-for-sale-at-auction
-in-london-sold.html
Michael Shortt
On Wed, Jul 16, 2014 at 4:41 PM, The DeTomaso Registry Guy
<[2]detomasoregistry at gmail.com> wrote:
Values for De Tomaso cars are rising.
While Mike Murray probably sold his car at a fair price, there may
be owners out there that
don't know what the current values are, and may let there car go,
thinking that they
got a great price, when in reality they sold 'cheap' by current
market standards.
I am not aware of what the last couple of Vallelungas sold for.
Maybe Mike Drew can help, I think he has assisted in a recent (last
12 months) sale or two.
The market is sooo thin that it is hard to determine their value
based upon "comparables".
Mangustas have done REALLY well at European auctions this past
couple of years.
(Mangustas have typically sold for much higher prices in Europe than
in the USA.)
It started with one car (Apple Green) which sold at auction for
something near $300,000 U$D.
That price was widely watched. A That same car then resold (private
sales) a couple of times
in the following year at prices below that figure, but likely above
$200,000 U$D.
This specific car sort of started the new Mangusta trend.
Since then... There have been 3-4 Mangustas that have sold for more
than $200,000 U$D.
Most recently another Apple Green at RM in Monaco I believe $245,000
U$D.
So the price of one car is one thing, the price for several becomes
a "trend".
Mangustas that are highly desirable are those (represented) with low
mileage, and restored condition,
or original condition. A There are just not that many Mangustas, so
with "fewer" sellers,
and more buyers naturally the values rise. A It is also a thin
market.
Pantera values are still "all over the map" because they have been
modified, and as such are subject to personal taste and make it
hard to compare. A What was "hot" in the 1980's is so out of vogue
today.
Collectors and speculators who both are not buying a Pantera to
drive, but to "invest"
have "noticed" the Pantera, and are now pushing up the market for
clean, near-stock, low mileage cars. A There seems to be no
emphasis on a particular Pantera model (such as Push-Buttons).
Recently the auctions for Panteras has been heating up, and thus
even "less-than-accurately" described cars but with low listed
mileage, are seeing strong demand.
As always, there are those sellers or dealers that offer a
particular car for sale well above current market value. A These
cars are
on the market for a long time. A No surprise.
But at some point market value catches up to them (unless the dealer
continues to keep their asking price above market price) and
they finally sell.
One of the benefits of the registry, is that it allows potential
buyers to see a variety of
"comparables" (as to features, not value), so they better understand
what is the right car for them, and thus assists in the
eventual sale/purchase. A An educated buyer is a better buyer.
I also notice an interesting trend...
Cars that have some history in the registry tend to sell better
(higher price, quicker sale) than
cars with no documented history. A This comes as no surprise to me,
naturally.
While I have been strongly resisting including sales price on the
Detail & Photo page, I do get asked all the time, "What is it
worth?". A Like we all learned in Econ 101, the value is what a
willing buyer and willing seller agree to, (at that specific moment
in time.)
Chuck
-----Original Message-----
From: DeTomaso [mailto:[3]detomaso-bounces at poca.com] On Behalf Of
Mike Murray
Sent: Wednesday, July 16, 2014 11:00 AM
To: [4]Detomaso at poca.com
Subject: Re: [DeTomaso] [Detamaso] When is the Price Right
Well for me it was today. I had a client of mine ask his son about
Pantera's and he told him that I had one and to call me. I talked
to him about the cars and he said he was looking at getting one to
add to his collection. I told him to come by and look at mine so
that if he was going to buy one he could see one up close and with a
lot of upgrades. He and his wife came by last week and he was
very impressed with mine. One thing led to another an he said the
magic words Is yours for sale. Well I hadn't thought about in a
while but knowing that I would sell it some day I said sure and
threw out a A number. He didn't blink and said let me think about it
over night. Next day he countered with a very generous offer and I
said sure. The car will remain in Charleston. I can move on to
other projects. I still have the 442 convertible and am in the
process of building a 16' wooden race boat patterned after the Donzi
classic 16. It has been a pleasure to be a part of the pantera
community. I want to thank all that have helped me over the past 10
years. The collective knowledge and wisdom is extraordinary. There's
nothing we can't figure out. I do have parts and pieces that
did not go with the car. Also some that came off the car. I will try
and post the items from time time for the group rather than
E-bay them. If interested you can contact me. Again thank you all.
Long live the pantera. A Mike Murray
Mike Murray
American Dock & Marine Construction, Inc.
[5](843) 795-2999
[6]www.americandock.net
_______________________________________________
Detomaso Forum Managed by POCA
DeTomaso mailing list
[7]DeTomaso at poca.com
[8]http://poca.com/mailman/listinfo/detomaso_poca.com
--
Michael L. Shortt
Savannah, Georgia
[9]www.michaelshortt.com
[10]michael at michaelshortt.com
912-232-9390
A
This email is protected by the Electronic Communications Privacy
Act, 18 U.S.C. Sec. 2510-2521, is confidential and may be legally
privileged.A If you are not the intended recipient, you are hereby
notified
that any retention, dissemination, distribution or copying of this
communication is strictly prohibited.A Please reply to the sender that
you
have received this message in error, then delete it.A Thank you
References
1. http://mycarquest.com/2013/12/de-tomaso-mangusta-for-sale-at-auction-in-london-sold.html
2. mailto:detomasoregistry at gmail.com
3. mailto:detomaso-bounces at poca.com
4. mailto:Detomaso at poca.com
5. tel:%28843%29%20795-2999
6. http://www.americandock.net/
7. mailto:DeTomaso at poca.com
8. http://poca.com/mailman/listinfo/detomaso_poca.com
9. http://www.michaelshortt.com/
10. mailto:michael at michaelshortt.com
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