[DeTomaso] Insurance valuation

The DeTomaso Registry Guy detomasoregistry at gmail.com
Fri Oct 9 13:30:51 EDT 2015



The recent deal that I was associated with on the estate sale with 3
Panteras, a GT350 and a 76 Lincoln plus all the Detomaso parts.
The 3 Panteras, a 72 with 6K miles, a 73 with 10K miles and a 73 with 17K
miles had all sat for 35 years, none of them ran, all in good shape but
will need hours of rehab and maybe gas tanks (seriously cleaned at least),
they were all red. Sold them all in a week and the cheapest one was 65K.
GT350 went for 140K, sold it on the telephone, sight unseen.

Michael Shortt


There is a difference between assisting a buyer (collector) and assisting the seller.

While a "private sale" tends to be a good thing for the buyer 
(no competition, or less competition) I believe that a "private sale" is likely to
not always obtain the "highest and best" price for the seller.

This is kind of the whole basis for auctions isn't it? 

I'd suspect that although Mr. Shortt may have reached a quick sale for his seller,
I suspect he may have 'left some money on the table'.

If a car dealer bought, then we know the dealer thinks there is more money on the table.

Chuck






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