[DeTomaso] Fwd: Hammer Price Portfolio Report - Sunday, October 25, 2020

Sun Oct 25 22:29:11 EDT 2020

Ken,

Well, the RM car was in absolutely the most desirable spec—yellow, chrome bumpers, highly original-looking (with some minor deviations like the steering wheel). It also had low mileage and the presumption was that it was in fantastic shape.  Any car with mileage that low may well suffer from ‘hangar rot’ and might demand some immediate minor maintenance (belts, hoses, fluids etc) which may have kept it from cresting the $100k mark.

The red car at BJ looked terrific too. I happen to believe the Recaro seats and Momo wheel enhance the driving experience, but they arguably hurt the value. The 10-inch wheels easily offset that however.  I think it was quite well-bought.

The other yellow car was a ‘cheap and cheerful’ car, looking rather scruffy and dog-eared.  The hacked-on L-model front bumper was a dumb idea, especially with the turn signals apparently just screwed to the underside. However presumably it would be relatively easy to undo this damage. 

Think about how much financial headroom this buyer has though? Compared to the $95k car, he saved a lot of money which he could use to elevate the standard of this one to match that one. 

Julian made a great point though—the single biggest factor is the seller’s poor choice of auction house. RM is a high-end place (as is Bonham’s) catering to a much more exclusive and sophisticated clientele. BJ is the place where drunk muscle car lunkheads go to buy dumb cars. They are far less likely to be interested in a Pantera. 

The Pantera lives in this no-man’s-land between exotic and muscle car. I argue that it should 100% be considered an exotic, like an Iso or a Monteverdi, rather than just a Mustang that went to college. However there are enough of them out there to satisfy both tastes. I also argue that nice cars like the red one would definitely see a higher selling price at a high-end venue, while BJ should confine themselves to selling cars with tacky flares and wings and chrome wheels and cheetah-print seat covers.....

Mike

Sent from my iPad

> On Oct 25, 2020, at 11:59, Ken Green <kenn_green at yahoo.com> wrote:
> 
>    It would be interesting to hear an analysis of the differences that
>   contributed to the different prices.
> 
>   On Sunday, October 25, 2020, 6:47:44 AM PDT, MICHAEL DREW via DeTomaso
>   <detomaso at server.detomasolist.com> wrote:
>     Guys,
>     An exquisite Pantera sold at Elkhart Lake yesterday:
> 
>   [1][1]https://rmsothebys.com/en/auctions/el20/the-elkhart-collection/lo
>   ts/
>     r0090-1972-de-tomaso-pantera-by-ghia/820758
>     Another couple sold at Barrett-Jackson as well:
> 
>   [2][2]https://www.barrett-jackson.com/Archive/Event/Item/1972-DE-TOMASO
>   -PA
>     NTERA-237054
> 
>   [3][3]https://www.barrett-jackson.com/Archive/Event/Item/1972-De-Tomaso
>   -Pa
>     ntera-243145
>     Selling prices reflected below. I think the red one was on BaT a few
>     months ago?
>     Mike
>     Sent from my iPad
>     Begin forwarded message:
>     From: [4]info at hammerpricelive.com
>     Date: October 25, 2020 at 01:01:07 CDT
>     To: [5]mikeldrew at aol.com
>     Subject: Hammer Price Portfolio Report - Sunday, October 25, 2020
>     Hammer Price : Auction Results In Real Time
>     Portfolio Report Sunday, October 25, 2020
>     Pantera
>     1.
>     1972 DeTomaso Sold $95,000 USD
>     Pantera EST. PRICE $70K-$90K USD
>     EXTERIOR Yellow
>     RM Sotheby's
>     INTERIOR Black
>     Lot 2239    Elkhart Collection
>     ODOMETER 14326 mi
>     CHASSIS N-o THPNMD03968
>     October 24, 2020    5:27PM (EST)
>     2.
>     1972 DeTomaso Sold $75,000 USD
>     Pantera EST. PRICE $0-$0 USD
>     EXTERIOR Red
>     Barrett-Jackson
>     INTERIOR Black
>     Lot 782    Fall Auction
>     ODOMETER 25022 mi
>     CHASSIS N-o THPNMA02924
>     October 24, 2020    9:20PM (EST)
>     3.
>     1972 DeTomaso Sold $59,000 USD
>     Pantera EST. PRICE $0-$0 USD
>     EXTERIOR Yellow
>     Barrett-Jackson
>     INTERIOR Black
>     Lot 792    Fall Auction
>     ODOMETER 38370 mi
>     CHASSIS N-o THPNMA03008
>     October 24, 2020    9:45PM (EST)
>     De Tomaso
>     1.
>     1972 DeTomaso Sold $95,000 USD
>     Pantera EST. PRICE $70K-$90K USD
>     EXTERIOR Yellow
>     RM Sotheby's
>     INTERIOR Black
>     Lot 2239    Elkhart Collection
>     ODOMETER 14326 mi
>     CHASSIS N-o THPNMD03968
>     October 24, 2020    5:27PM (EST)
>     2.
>     1972 DeTomaso Sold $75,000 USD
>     Pantera EST. PRICE $0-$0 USD
>     EXTERIOR Red
>     Barrett-Jackson
>     INTERIOR Black
>     Lot 782    Fall Auction
>     ODOMETER 25022 mi
>     CHASSIS N-o THPNMA02924
>     October 24, 2020    9:20PM (EST)
>     3.
>     1972 DeTomaso Sold $59,000 USD
>     Pantera EST. PRICE $0-$0 USD
>     EXTERIOR Yellow
>     Barrett-Jackson
>     INTERIOR Black
>     Lot 792    Fall Auction
>     ODOMETER 38370 mi
>     CHASSIS N-o THPNMA03008
>     October 24, 2020    9:45PM (EST)
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>     (c) 2020 Live Auction Results, LLC
>   References
>     1.
>   [6]https://rmsothebys.com/en/auctions/el20/the-elkhart-collection/lots/
>   r0090-1972-de-tomaso-pantera-by-ghia/820758
>     2.
>   [7]https://www.barrett-jackson.com/Archive/Event/Item/1972-DE-TOMASO-PA
>   NTERA-237054
>     3.
>   [8]https://www.barrett-jackson.com/Archive/Event/Item/1972-De-Tomaso-Pa
>   ntera-243145
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> References
> 
>   1. https://rmsothebys.com/en/auctions/el20/the-elkhart-collection/lots/
>   2. https://www.barrett-jackson.com/Archive/Event/Item/1972-DE-TOMASO-PA
>   3. https://www.barrett-jackson.com/Archive/Event/Item/1972-De-Tomaso-Pa
>   4. mailto:info at hammerpricelive.com
>   5. mailto:mikeldrew at aol.com
>   6. https://rmsothebys.com/en/auctions/el20/the-elkhart-collection/lots/r0090-1972-de-tomaso-pantera-by-ghia/820758
>   7. https://www.barrett-jackson.com/Archive/Event/Item/1972-DE-TOMASO-PANTERA-237054
>   8. https://www.barrett-jackson.com/Archive/Event/Item/1972-De-Tomaso-Pantera-243145
>   9. mailto:DeTomaso at server.detomasolist.com
>  10. http://server.detomasolist.com/mailman/listinfo/detomaso
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