[DeTomaso] Values of cars

[Joseph F. Byrd, Jr.]

I think a book that documents the original details would be of interest to others than just me.
Besides just photos, there would need to be a narrative.
Like, I would LOVE to see multiple photo's of Jim Demick's engine, but without a Mike Drew commentary, I wouldn't know what I was looking for 

-----Original Message-----
From: DeTomaso [mailto:detomaso-bounces at server.detomasolist.com] On Behalf Of Mike Drew via DeTomaso
Sent: Thursday, March 08, 2018 12:57 PM
To: Ken Green
Cc: Detomaso Email List
Subject: Re: [DeTomaso] Values of cars

Ken,

To put it mildly, you’re dreaming!

You are comparing apples to oranges. Corvette restorers RESTORE Corvettes. Pantera shops call what they do ‘restoration’ but I can think of fewer than a handful of Panteras that have ever been PROPERLY restored in the traditional sense. Pantera shops instead choose to modify cars and call it restoration, which is totally ridiculous. 

I’m not saying it’s a bad thing to modify a Pantera, but it’s laughable to then claim that you have restored it. 

I visited Jim Demick in New Mexico yesterday. In his den (on the second floor of the beautiful home he built himself with his own two hands) is a fully restored, perfectly detailed 1971 Pantera engine, with every original detail—every tag, stamp, hose, wire etc being completely original, and restored to Pebble Beach standards. It would be nice if there was that level of respect for at least some of our cars, but unlike the Corvette gang, few seem to have it. 

To be fair, we had just been ripping around at 130 mph in his 1971 Pantera that has a 600 hp 408 stroker. And undoubtedly that is way more fun than creeping around slowly in a bone stock Pantera with one eye on the water temp gauge all the time. 

We then went for a drive in his bone stock, 100% numbers matching concours ‘65 Corvette coupe.  We drove slowly on side roads to avoid the freeway. That was a lot of fun too, in a different way.

Apples and oranges....






Mike

Sent from my iPad

> On Mar 8, 2018, at 10:55, Ken Green <kenn_green at yahoo.com> wrote:
> 
> Has anyone proposed establishing a rating system for Panteras, and have a certification process for appraisers?  I was watching the crazy high prices of Corvettes at one of the auctions.  It seems like the Vette folks have a very organized rating system, and once a car has been rated, a buyer knows what they are getting.  I don't expect to see typical Panteras selling for $300K, but when the owner spends $100K + on a high quality restoration, it seems like they never recover the investment.  That also hurts the shops because people are less will to spend $s on their cars when it doesn't increase the value very much.  If the vendors and POCA got together and created something, I think it would have a big benefit.
> 
> Ken
>