[DeTomaso] We're all rich!

Larry Stock larrys at panteraparts.com
Thu Dec 6 16:45:55 EST 2018


Don¹t forget to factor in heated Garage space costs and Insurance on the
car and the Garage, plus maybe some DMV fees. NOPE we don¹t do this as an
investment, we do it out of the love and passion of holding on to such
Dynamic Art pieces.
Larry

On 12/6/18, 1:31 PM, "DeTomaso on behalf of audionut--- via DeTomaso"
<detomaso-bounces at server.detomasolist.com on behalf of
detomaso at server.detomasolist.com> wrote:

>   "Rich" is in the eye of the beholder?
>
>   Factor in the purchasing power of $1 in 1974 vs. 2018, this person is
>   just about breaking even if the car sells @ $120K.
>   Which is not too bad, really, considering as a whole "cars as
>   investments".  A very small percentage of cars are capable of escaping
>   the merciless vortex of inflation.
>   So, here you have it, clear as day:  You buy a zippy car in 1974, drive
>   it for a few months, park it for 45 years based on speculation that you
>   will at least break even on a long term investment that has provided
>   you (and others) with precious little fun other than having possession
>   of an "art piece" under a cover inside your garage.
>   Makes no sense to me whatsoever.  In terms of what is truly valuable
>   about living life, one would have to chalk this venture up as a net
>   loss.
>   May the buyer of this car not be a similar kind of fool.  May he/she
>   choose to dive into the cockpit and spin the clock on that sucker.
>   (#7346, wow that is the highest domestic market s/n I have ever seen)
>   Sent using Hushmail
>   On 12/6/2018 at 9:25 AM, "Laurie Ferrari via DeTomaso"
>   <detomaso at server.detomasolist.com> wrote:
>
>     [1]https://rmsothebys.com/en/auctions/CA18/The-Petersen-Automotive-M
>     useum-Auction/lots/r0004-1974-De-Tomaso-Pantera-L-by-Ghia/697502?&ut
>     m_source=rmsothebys.com&utm_medium=email&utm_campaign=CA18&utm_term=
>     CA18_OldSchool&utm_content=lot_image&_cldee=c3JzbHVzc29AZ21haWwuY29t
>     &recipientid=contact-b3b22455ba2de61181af14feb5caa464-dd459b59a91e45
>     009116d433a30a00d7&esid=f8165778-bef8-e811-821a-000c2971a03a at aol.com
>     , ;
>
>References
>
>   1. 
>https://rmsothebys.com/en/auctions/CA18/The-Petersen-Automotive-Museum-Auc
>tion/lots/r0004-1974-De-Tomaso-Pantera-L-by-Ghia/697502?&utm_source=rmsoth
>ebys.com&utm_medium=email&utm_campaign=CA18&utm_term=CA18_OldSchool&utm_co
>ntent=lot_image&_cldee=c3JzbHVzc29AZ21haWwuY29t&recipientid=contact-b3b224
>55ba2de61181af14feb5caa464-dd459b59a91e45009116d433a30a00d7&esid=f8165778-
>bef8-e811-821a-000c2971a03a at aol.com,%C2%A0
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