[DeTomaso] Insurance valuation

[MikeLDrew at aol.com]

In a message dated 10/9/15 10 30 54, detomasoregistry at gmail.com writes:


> 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.
> 
>>>That all depends on the seller.   How effective is his marketing 
strategy?   How desperate is he to make the sale sooner, rather than holding out 
for a better offer that might be right around the corner?
> 
> >This is kind of the whole basis for auctions isn't it?
> 
> >>>Not really.   People sell cars through auctions for two reasons:   
laziness, or the car isn't nearly as good as one would hope, and won't stand up 
to close scrutiny.

> >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'.
> 
>>>Unquestionably.   Rather than offering the cars up individually, and 
being patient and seeking the top possible sales price for each, the strategy 
seemed to be to sell them quickly, and sell them as a group.   That would 
result in a faster profit for the seller, but almost invariably would also 
result in a lower profit.  On the other hand, it also required far less effort.  
 So one can't say that he did it 'wrong'; he focused on what was important 
to him and got the best possible result given the various time and 
effort-expended constraints.   And the buyers got a better deal than they would have 
otherwise.
> 
> >If a car dealer bought, then we know the dealer thinks there is more 
> money on the table.
> 
>>>Without a doubt.   These three cars were prime candidates for very 
simple restorations, which had the potential to return great profit.   It will be 
interesting to see how long it is before these cars appear on the market 
again, and what their asking (and selling) prices are....

Mike
-------------- next part --------------
   In a message dated 10/9/15 10 30 54, detomasoregistry at gmail.com writes:

     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.

   >>>That all depends on the seller.  How effective is his marketing
   strategy?  How desperate is he to make the sale sooner, rather than
   holding out for a better offer that might be right around the corner?

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

   >>>Not really.  People sell cars through auctions for two reasons:
   laziness, or the car isn't nearly as good as one would hope, and won't
   stand up to close scrutiny.

     >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'.

   >>>Unquestionably.  Rather than offering the cars up individually, and
   being patient and seeking the top possible sales price for each, the
   strategy seemed to be to sell them quickly, and sell them as a group.
   That would result in a faster profit for the seller, but almost
   invariably would also result in a lower profit. On the other hand, it
   also required far less effort.  So one can't say that he did it
   'wrong'; he focused on what was important to him and got the best
   possible result given the various time and effort-expended
   constraints.  And the buyers got a better deal than they would have
   otherwise.

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

   >>>Without a doubt.  These three cars were prime candidates for very
   simple restorations, which had the potential to return great profit.
   It will be interesting to see how long it is before these cars appear
   on the market again, and what their asking (and selling) prices are....
   Mike