[DeTomaso] RM Auction Lot 166 - Mangusta 8MA890

[MikeLDrew at aol.com]

In a message dated 5/10/14 12 47 17, algisby at hotmail.com writes:


> ...live...€240K euro sold
> Ciao for nowAl
> 

>>>Johnny Woods went and inspected this car for a prospective buyer, and 
while he found it to be extremely structurally sound, it did have a whole list 
of deviations from originality (originality is key for a Mangusta) as well 
as mechanical problems (oil pouring out the front of the freshly rebuilt 
engine for starters).   He and the buyer concluded that it would be a fairly 
involved and expensive process to fix the problems and round up all the 
missing parts needed to restore it to 100% originality.   So the prospective buyer 
kept his bids low and got blown out of the water almost immediately, as 
others who had not done their due diligence (or, just as likely, who didn't 
care about the nitty-gritty details) bid this car to the moon.

It's odd that Mangustas in Europe seem to have so much more following than 
in the USA (like original Panteras).   This was probably a $150-175K car in 
the USA, yet it's demonstrated to be over $330K in Europe!

The lesson here is, if you are a Mangusta seller in the USA, the first 
thing you should buy is a one-way boat ride for your car!

Mike
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   In a message dated 5/10/14 12 47 17, algisby at hotmail.com writes:

     ...live...aNOT240K euro sold
     Ciao for nowAl

   >>>Johnny Woods went and inspected this car for a prospective buyer,
   and while he found it to be extremely structurally sound, it did have a
   whole list of deviations from originality (originality is key for a
   Mangusta) as well as mechanical problems (oil pouring out the front of
   the freshly rebuilt engine for starters).  He and the buyer concluded
   that it would be a fairly involved and expensive process to fix the
   problems and round up all the missing parts needed to restore it to
   100% originality.  So the prospective buyer kept his bids low and got
   blown out of the water almost immediately, as others who had not done
   their due diligence (or, just as likely, who didn't care about the
   nitty-gritty details) bid this car to the moon.
   It's odd that Mangustas in Europe seem to have so much more following
   than in the USA (like original Panteras).  This was probably a
   $150-175K car in the USA, yet it's demonstrated to be over $330K in
   Europe!
   The lesson here is, if you are a Mangusta seller in the USA, the first
   thing you should buy is a one-way boat ride for your car!
   Mike