[DeTomaso] We're all rich!

[Rich Hoppe]

When someone says how much the value of the cars have gone up my standard reply is yeh and if they double in price again I will break even.

Sent from my iPhone

> On Dec 6, 2018, at 2:56 PM, David Jenkins <djenkins at vanguardtrailer.com> wrote:
> 
> I am with Larry on the Art pieces plus in addition to driving the car just
> seeing it in my garage on a Saturday / Sunday does it for me.
> 
> Dave
> 
> -----Original Message-----
> From: DeTomaso [mailto:detomaso-bounces at server.detomasolist.com] On Behalf
> Of Larry Stock
> Sent: Thursday, December 06, 2018 4:46 PM
> To: audionut at hushmail.com; detomaso at server.detomasolist.com
> Subject: Re: [DeTomaso] We're all rich!
> 
> 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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