[DeTomaso] Insurance valuation
Michael Shortt
michaelsavga at gmail.com
Fri Oct 9 14:26:30 EDT 2015
well Chuck, I felt the same way. But since the actual owner was a car
dealer who flips cars
all day, he went for the quick cash.
I practically begged him to let me market the cars after we got them
running, I'm sure there was lots left on the table.
I felt successful by just getting him to let me sell the parts individually
instead of looking for a bulk buyer.
More people got access and I'm positive he collected more money, if only he
had listened to me, I think that was was at least another
60K available across the three cars,
Michael
On Fri, Oct 9, 2015 at 1:30 PM, The DeTomaso Registry Guy <
detomasoregistry at gmail.com> wrote:
>
>
> 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
>
>
>
--
Michael L. Shortt
Savannah, Georgia
www.michaelshortt.com
michael at michaelshortt.com
912-232-9390
This email is protected by the Electronic Communications Privacy
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-------------- next part --------------
well Chuck, I felt the same way. But since the actual owner was a car
dealer who flips cars
all day, he went for the quick cash.
I practically begged him to let me market the cars after we got them
running, I'm sure there was lots left on the table.
I felt successful by just getting him to let me sell the parts
individually instead of looking for a bulk buyer.
More people got access and I'm positive he collected more money, if
only he had listened to me, I think that was was at least anotherA
60K available across the three cars,
Michael
On Fri, Oct 9, 2015 at 1:30 PM, The DeTomaso Registry Guy
<[1]detomasoregistry at gmail.com> wrote:
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
--
Michael L. Shortt
Savannah, Georgia
[2]www.michaelshortt.com
[3]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. mailto:detomasoregistry at gmail.com
2. http://www.michaelshortt.com/
3. mailto:michael at michaelshortt.com
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