[DeTomaso] Insurance valuation

[Bill Moore]

Paint those red cars orange.



Cheers,
Bill MooreIncendium SupplyCalgary

-------- Original message --------
From: Michael Shortt <michaelsavga at gmail.com> 
Date: 2015-10-10  1:51 PM  (GMT-07:00) 
To: Mike Drew <MikeLDrew at aol.com> 
Cc: detomaso at poca.com, detomasoregistry at gmail.com 
Subject: Re: [DeTomaso] Insurance valuation 

I too await the day these cars show up.

Saving a couple of "I told you so's" to share.

If they were mine and only mine, all three would still be in my warehouse (
even if they were red). :-)

Michael
On Oct 10, 2015 2:50 PM, <MikeLDrew at aol.com> wrote:

>
> 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
>

   I too await the day these cars show up.

   Saving a couple of "I told you so's" to share.

   If they were mine and only mine, all three would still be in my
   warehouse ( even if they were red). :-)

   Michael

   On Oct 10, 2015 2:50 PM, <[1]MikeLDrew at aol.com> wrote:

     In a message dated 10/9/15 10 30 54, [2]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.A  How effective is his marketing
     strategy?A  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.A  People sell cars through auctions for two
     reasons:A  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.A  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.A  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.A  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.A  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.A  These three cars were prime candidates for
     very simple restorations, which had the potential to return great
     profit.A  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

References

   1. mailto:MikeLDrew at aol.com
   2. mailto:detomasoregistry at gmail.com

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-------------- next part --------------
   Paint those red cars orange.

   Cheers,
   Bill Moore
   Incendium Supply
   Calgary

   -------- Original message --------
   From: Michael Shortt <michaelsavga at gmail.com>
   Date: 2015-10-10 1:51 PM (GMT-07:00)
   To: Mike Drew <MikeLDrew at aol.com>
   Cc: detomaso at poca.com, detomasoregistry at gmail.com
   Subject: Re: [DeTomaso] Insurance valuation
   I too await the day these cars show up.
   Saving a couple of "I told you so's" to share.
   If they were mine and only mine, all three would still be in my
   warehouse (
   even if they were red). :-)
   Michael
   On Oct 10, 2015 2:50 PM, <MikeLDrew at aol.com> wrote:
   >
   > 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
   >
      I too await the day these cars show up.
      Saving a couple of "I told you so's" to share.
      If they were mine and only mine, all three would still be in my
      warehouse ( even if they were red). :-)
      Michael
      On Oct 10, 2015 2:50 PM, <[1]MikeLDrew at aol.com> wrote:
        In a message dated 10/9/15 10 30 54, [2]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.A  How effective is his
   marketing
        strategy?A  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.A  People sell cars through auctions for two
        reasons:A  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.A  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.A  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.A  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.A  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.A  These three cars were prime candidates for
        very simple restorations, which had the potential to return great
        profit.A  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
   References
      1. mailto:MikeLDrew at aol.com
      2. mailto:detomasoregistry at gmail.com
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