[DeTomaso] Really Rough Pantera on Ebay at $25K

[Julian Kift]

I suspect there are a large number of potential owners who would get a Pantera if they could afford one, that populous has likely grown of late with increasing prices of our cars. I would postulate that these project cars appeal to that group, who want a Pantera and this is the only way of being able to afford to get into one. Thus that reflects in some fierce competition by way of strong bidding and the car goes for more than 'we' think it should. At this point the restoration cost maybe somewhat immaterial to these buyers in their desire to own a Pantera knowing that restoration costs can be spread over months, years or decades, but they are on the ownership ladder.

There are then in addition the 'flippers', the professionals or semi-professionals who ill restore the car and expect it to command big $$ due to its low mileage and ownership history.

At least this candidate is reported to be complete (less steering wheel center) and not a stripped down box of parts that adds the risk of not all being there. An attempt has been made to assess extent of rust, but given the car doesn't appear to have moved of late I suspect it was a cursory look at best. If the seller can show the car has been parked and non op for a long period the recorded mileage might be believable too, unlike many other reputed low mile cars that have no paperwork and you have to question whether they have been around the clock.

It would be interesting to follow this car; I wouldn't be surprised to see it cross the block at a major auction in the future "as a true barn find restoration, and lowest miles of any Pantera". Albeit there is GT5 for sale in Europe that has a reported 2,800kms on it, one owner supposedly the King of Saudi Arabia.

Julian
________________________________________
From: DeTomaso <detomaso-bounces at poca.com> on behalf of Mike Reilly <reillyms at live.com>
Sent: Friday, February 5, 2016 6:52 AM
To: detomaso at poca.com
Subject: Re: [DeTomaso] Really Rough Pantera on Ebay at $25K

Agree with Sean....you could get it going as a driver for much less.  I was just rough guessing if you took it as is to a restoration shop to get made right.

Joe, didn't mean to discourage you.....getting it to a driver level is doable for much less and if the new owner does as much of the labor as they can then getting it right may be a reasonable expense.  Bottom line is it's great seeing it be saved and hopefully the new owner has their eyes wide open with the purchase and discovers that there is a supportive community (vendors and other owners) ready to help them out.   Mike R.

Date: Fri, 5 Feb 2016 09:34:40 -0500
From: spkorb at gmail.com
To: detomaso at poca.com
Subject: Re: [DeTomaso] Really Rough Pantera on Ebay at $25K

I know a reputable shop that can get this to daily driver (not showroom)
for $15k so that might be a very good investment indeed.  To get it the
next step though... and it really deserves the next step.

On Fri, Feb 5, 2016 at 9:10 AM, Joseph F. Byrd, Jr. <byrdjf at embarqmail.com>
wrote:

> Given my 5177 is basically in the same condition, the current $25K bids
> make me feel a little "good".  HOWEVER, your estimated $100K to put it back
> on the road is pretty discouraging.
> Joe/5177/NC
>
> -----Original Message-----
> From: DeTomaso [mailto:detomaso-bounces at poca.com] On Behalf Of Mike Reilly
> Sent: Thursday, February 04, 2016 22:46 PM
> To: detomaso at poca.com
> Subject: [DeTomaso] Really Rough Pantera on Ebay at $25K
>
> Wow……hard to believe…..$25K and it will probably need $100K to get right.
> Crazy times indeed!   It’s all there though but seems like better cars are
> out there for what this will cost in the end.  Hopefully folks bidding know
> what it takes to deal with rust and replacing all rubber/soft parts.
>
>
> http://www.ebay.com/itm/1973-De-Tomaso-Pantera-5-700-original-miles-/331767367856?hash=item4d3ee048b0:g:FagAAOSwFqJWrk95&vxp=mtr
>
> Sent from Mail for Windows 10
>
>
>
> _______________________________________________
>
> Detomaso Forum Managed by POCA
> Posted emails must not exceed 1.5 Megabytes
> DeTomaso mailing list
> DeTomaso at poca.com
> http://poca.com/mailman/listinfo/detomaso_poca.com
>
> To manage your subscription (change email address, unsubscribe, etc.) use
> the links above.
>



--
Sean Korb spkorb at spkorb.org http://www.spkorb.org
'65,'68 Mustangs,'68 Cougar,'78 R100/7,'60 Metro,'59 A35,'71 Pantera #1382
"The more you drive, the less intelligent you get" --Miller
"Computers are useless.  They can only give you answers." -P. Picasso

_______________________________________________

Detomaso Forum Managed by POCA
Posted emails must not exceed 1.5 Megabytes
DeTomaso mailing list
DeTomaso at poca.com
http://poca.com/mailman/listinfo/detomaso_poca.com

To manage your subscription (change email address, unsubscribe, etc.) use the links above.