[DeTomaso] Fwd: Hammer Price Portfolio Report - Saturday, August 14, 2021
Mike Drew
mikeldrew at aol.com
Sat Aug 14 11:35:40 EDT 2021
All,
Results from Monterey so far:
The Shelby GT5-S failed to meet reserve:
https://www.mecum.com/lots/CA0821-481124/1986-detomaso-shelby-pantera-gt5-s/
Bid to $230k. Values on GT5-S Panteras crested a couple of years ago and have since fallen to a more reasonable state. The Shelby heritage of this car is genuine but not especially significant, and the seller could easily have let this car go and not felt too bad about it. The catalog auction estimate of $350-400k was ludicrous.
The Bonham’s car was a seemingly terrific example of the restomod genre, as constructed by Don Byars. I coincidentally met the seller in the paddock at Laguna Seca yesterday and realized he was one of the handful of guys that comprised “Hollywood Panteras” some 10-15 years ago, including Richard Plotkin and Matt Merritt. His name was Philip Mendelovitz.
https://www.bonhams.com/auctions/26887/lot/127/
Hammer price was $125k, meaning $140k including fees, which is probably about right for this car.
Somebody must have been drunk in the Gooding tent because this $60-70k scruffy restoration project sold for $105k, against a ludicrous estimate of $140-180k. That means he paid closer to $120k, all-in.
https://www.goodingco.com/lot/1974-de-tomaso-pantera-l
This car will need absolutely everything, a full restoration, although as a California garage find it is almost assuredly rust free, which counts for something. But the buyer is well on his way to having $200k plus invested into a car that might possibly be worth what he initially paid for it when he’s done. If he’s lucky.
I will be very interested to see what Mecum gets for the Pantera that was very nice until they pushed it out the back of their transporter and it crashed to the ground:
https://www.mecum.com/lots/CA0821-465375/1971-detomaso-pantera/
Hilariously they are estimating it’s worth at $100-125k in its current crashed state. That might have been right pre-crash. We will see if somebody else chooses to follow the Gooding Pantera buyer down the trail to financial self-immolation….
Mike
Sent from my iPad
Begin forwarded message:
> From: info at hammerpricelive.com
> Date: August 14, 2021 at 02:03:39 PDT
> To: mikeldrew at aol.com
> Subject: Hammer Price Portfolio Report - Saturday, August 14, 2021
>
>
>
> Portfolio Report Saturday, August 14, 2021
> Pantera
> 1.
> 1972 DeTomaso SOLD $125,000 USD
> Pantera EST. PRICE $90K-$140K USD
> EXTERIOR Red
> BONHAMS
> INTERIOR Black
> Lot 127 Monterey
> ODOMETER 37632 mi
> CHASSIS Nº THPNMB02517
> August 13, 2021 8:30PM (EST)
> De Tomaso
> 1.
> 1986 DeTomaso HIGH BID $230,000 USD
> Pantera GT5-S EST. PRICE $0-$0 USD
> EXTERIOR DeTomaso Red
> MECUM
> INTERIOR Pelle Beige
> Lot 68 Monterey
> ODOMETER 13760 mi
> CHASSIS Nº THPNDA09425
> August 13, 2021 2:45PM (EST)
> 2.
> 1972 DeTomaso SOLD $125,000 USD
> Pantera EST. PRICE $90K-$140K USD
> EXTERIOR Red
> BONHAMS
> INTERIOR Black
> Lot 127 Monterey
> ODOMETER 37632 mi
> CHASSIS Nº THPNMB02517
> August 13, 2021 8:30PM (EST)
> 3.
> 1974 DeTomaso SOLD $105,000 USD
> Pantera 'L' EST. PRICE $140K-$180K USD
> EXTERIOR Green
> GOODING & CO.
> INTERIOR Black
> Lot 24 Monterey
> ODOMETER 12027 mi
> CHASSIS Nº THPNNA05924
> August 13, 2021 9:54PM (EST)
> Too much mail? Adjust your Hammer Price notification preferences in the app using Settings.
> © 2021 Live Auction Results, LLC
-------------- next part --------------
All,
Results from Monterey so far:
The Shelby GT5-S failed to meet reserve:
[1]https://www.mecum.com/lots/CA0821-481124/1986-detomaso-shelby-panter
a-gt5-s/
Bid to $230k. Values on GT5-S Panteras crested a couple of years ago
and have since fallen to a more reasonable state. The Shelby heritage
of this car is genuine but not especially significant, and the seller
could easily have let this car go and not felt too bad about it. The
catalog auction estimate of $350-400k was ludicrous.
The Bonham's car was a seemingly terrific example of the restomod
genre, as constructed by Don Byars. I coincidentally met the seller in
the paddock at Laguna Seca yesterday and realized he was one of the
handful of guys that comprised "Hollywood Panteras" some 10-15 years
ago, including Richard Plotkin and Matt Merritt. His name was Philip
Mendelovitz.
[2]https://www.bonhams.com/auctions/26887/lot/127/
Hammer price was $125k, meaning $140k including fees, which is probably
about right for this car.
Somebody must have been drunk in the Gooding tent because this $60-70k
scruffy restoration project sold for $105k, against a ludicrous
estimate of $140-180k. That means he paid closer to $120k, all-in.
[3]https://www.goodingco.com/lot/1974-de-tomaso-pantera-l
This car will need absolutely everything, a full restoration, although
as a California garage find it is almost assuredly rust free, which
counts for something. But the buyer is well on his way to having $200k
plus invested into a car that might possibly be worth what he initially
paid for it when he's done. If he's lucky.
I will be very interested to see what Mecum gets for the Pantera that
was very nice until they pushed it out the back of their transporter
and it crashed to the ground:
[4]https://www.mecum.com/lots/CA0821-465375/1971-detomaso-pantera/
Hilariously they are estimating it's worth at $100-125k in its current
crashed state. That might have been right pre-crash. We will see if
somebody else chooses to follow the Gooding Pantera buyer down the
trail to financial self-immolation....
Mike
Sent from my iPad
Begin forwarded message:
From: info at hammerpricelive.com
Date: August 14, 2021 at 02:03:39 PDT
To: mikeldrew at aol.com
Subject: Hammer Price Portfolio Report - Saturday, August 14, 2021
Hammer Price : Auction Results In Real Time
Portfolio Report Saturday, August 14, 2021
Pantera
1.
1972 DeTomaso Sold $125,000 USD
Pantera EST. PRICE $90K-$140K USD
EXTERIOR Red
Bonhams
INTERIOR Black
Lot 127 Monterey
ODOMETER 37632 mi
CHASSIS N-o THPNMB02517
August 13, 2021 8:30PM (EST)
De Tomaso
1.
1986 DeTomaso High Bid $230,000 USD
Pantera GT5-S EST. PRICE $0-$0 USD
EXTERIOR DeTomaso Red
Mecum
INTERIOR Pelle Beige
Lot 68 Monterey
ODOMETER 13760 mi
CHASSIS N-o THPNDA09425
August 13, 2021 2:45PM (EST)
2.
1972 DeTomaso Sold $125,000 USD
Pantera EST. PRICE $90K-$140K USD
EXTERIOR Red
Bonhams
INTERIOR Black
Lot 127 Monterey
ODOMETER 37632 mi
CHASSIS N-o THPNMB02517
August 13, 2021 8:30PM (EST)
3.
1974 DeTomaso Sold $105,000 USD
Pantera 'L' EST. PRICE $140K-$180K USD
EXTERIOR Green
Gooding & Co.
INTERIOR Black
Lot 24 Monterey
ODOMETER 12027 mi
CHASSIS N-o THPNNA05924
August 13, 2021 9:54PM (EST)
Too much mail? Adjust your Hammer Price notification preferences in the
app using Settings.
(c) 2021 Live Auction Results, LLC
References
1. https://www.mecum.com/lots/CA0821-481124/1986-detomaso-shelby-pantera-gt5-s/
2. https://www.bonhams.com/auctions/26887/lot/127/
3. https://www.goodingco.com/lot/1974-de-tomaso-pantera-l
4. https://www.mecum.com/lots/CA0821-465375/1971-detomaso-pantera/
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