[DeTomaso] Fwd: Hammer Price Portfolio Report - Sunday, August 15, 2021

[Mike Drew]

All,

Two more Panteras sold at Mecum yesterday. The first was a mostly stock Pre-L that had been for sale at a SoCal exotic car dealership for months (years?) with a ridiculous $150k or so asking price. The only notable deviation from stock was the blacked-out trim:

https://www.mecum.com/lots/CA0821-488367/1971-detomaso-pantera/

The selling price was right on the money, a bit inflated due to Monterey, as expected. 

Then, a fool supposedly bought the wrecked Pantera, paying more than any number of good, running, driving Panteras have sold for lately:

https://www.mecum.com/lots/CA0821-465375/1971-detomaso-pantera/

The sheer stupidity of this sale beggars belief. Auction houses are far from the most trustworthy entities in the world and it strikes me as possible that the only bidders in the room were auction employees who were given paddles and told to wave them around. After all, since Mecum already owned the car, if Mecum was to ‘buy’ it, nothing would change. And if they somehow convinced a fool in the room that he should start waving HIS paddle around, so much the better (for them).

Unethical? Absolutely. A common practice? I happen to believe that it is. 

What will be telling is seeing if the ‘buyer’ of the car emerges publicly. If so, we have to pledge to take pity on him and help as much as possible. But personally I wouldn’t be surprised to see this car appear at a future Mecum auction soon…..

Mike


Sent from my iPad

Begin forwarded message:

> From: info at hammerpricelive.com
> Date: August 15, 2021 at 02:04:49 PDT
> To: mikeldrew at aol.com
> Subject: Hammer Price Portfolio Report - Sunday, August 15, 2021
> 
> 
> 
> Portfolio Report	Sunday, August 15, 2021
> Pantera
> 1.	
> 1971 DeTomaso	SOLD	$115,000 USD
> Pantera	EST. PRICE	$0-$0 USD
> EXTERIOR	Silver
> MECUM
> INTERIOR	Black
> Lot 104.1    Monterey
> ODOMETER	30000 mi
> CHASSIS Nº	THPNLE01394
> August 14, 2021    3:40PM (EST)
> 2.	
> 1971 DeTomaso	SOLD	$97,500 USD
> Pantera	EST. PRICE	$0-$0 USD
> EXTERIOR	Lime Green
> MECUM
> INTERIOR	Black
> Lot 140    Monterey
> ODOMETER	11855 mi
> CHASSIS Nº	THPNLS01992
> August 14, 2021    5:28PM (EST)
> De Tomaso
> 1.	
> 1971 DeTomaso	SOLD	$115,000 USD
> Pantera	EST. PRICE	$0-$0 USD
> EXTERIOR	Silver
> MECUM
> INTERIOR	Black
> Lot 104.1    Monterey
> ODOMETER	30000 mi
> CHASSIS Nº	THPNLE01394
> August 14, 2021    3:40PM (EST)
> 2.	
> 1971 DeTomaso	SOLD	$97,500 USD
> Pantera	EST. PRICE	$0-$0 USD
> EXTERIOR	Lime Green
> MECUM
> INTERIOR	Black
> Lot 140    Monterey
> ODOMETER	11855 mi
> CHASSIS Nº	THPNLS01992
> August 14, 2021    5:28PM (EST)
> Too much mail? Adjust your Hammer Price notification preferences in the app using Settings.
> © 2021 Live Auction Results, LLC
-------------- next part --------------
   All,

   Two more Panteras sold at Mecum yesterday. The first was a mostly stock
   Pre-L that had been for sale at a SoCal exotic car dealership for
   months (years?) with a ridiculous $150k or so asking price. The only
   notable deviation from stock was the blacked-out trim:

   [1]https://www.mecum.com/lots/CA0821-488367/1971-detomaso-pantera/

   The selling price was right on the money, a bit inflated due to
   Monterey, as expected.

   Then, a fool supposedly bought the wrecked Pantera, paying more than
   any number of good, running, driving Panteras have sold for lately:

   [2]https://www.mecum.com/lots/CA0821-465375/1971-detomaso-pantera/
   The sheer stupidity of this sale beggars belief. Auction houses are far
   from the most trustworthy entities in the world and it strikes me as
   possible that the only bidders in the room were auction employees who
   were given paddles and told to wave them around. After all, since Mecum
   already owned the car, if Mecum was to `buy' it, nothing would change.
   And if they somehow convinced a fool in the room that he should start
   waving HIS paddle around, so much the better (for them).
   Unethical? Absolutely. A common practice? I happen to believe that it
   is.
   What will be telling is seeing if the `buyer' of the car emerges
   publicly. If so, we have to pledge to take pity on him and help as much
   as possible. But personally I wouldn't be surprised to see this car
   appear at a future Mecum auction soon.....
   Mike
   Sent from my iPad
   Begin forwarded message:

   From: info at hammerpricelive.com
   Date: August 15, 2021 at 02:04:49 PDT
   To: mikeldrew at aol.com
   Subject: Hammer Price Portfolio Report - Sunday, August 15, 2021

   Hammer Price : Auction Results In Real Time
   Portfolio Report Sunday, August 15, 2021
   Pantera
   1.
   1971 DeTomaso Sold $115,000 USD
   Pantera EST. PRICE $0-$0 USD
   EXTERIOR Silver
   Mecum
   INTERIOR Black
   Lot 104.1    Monterey
   ODOMETER 30000 mi
   CHASSIS N-o THPNLE01394
   August 14, 2021    3:40PM (EST)
   2.
   1971 DeTomaso Sold $97,500 USD
   Pantera EST. PRICE $0-$0 USD
   EXTERIOR Lime Green
   Mecum
   INTERIOR Black
   Lot 140    Monterey
   ODOMETER 11855 mi
   CHASSIS N-o THPNLS01992
   August 14, 2021    5:28PM (EST)
   De Tomaso
   1.
   1971 DeTomaso Sold $115,000 USD
   Pantera EST. PRICE $0-$0 USD
   EXTERIOR Silver
   Mecum
   INTERIOR Black
   Lot 104.1    Monterey
   ODOMETER 30000 mi
   CHASSIS N-o THPNLE01394
   August 14, 2021    3:40PM (EST)
   2.
   1971 DeTomaso Sold $97,500 USD
   Pantera EST. PRICE $0-$0 USD
   EXTERIOR Lime Green
   Mecum
   INTERIOR Black
   Lot 140    Monterey
   ODOMETER 11855 mi
   CHASSIS N-o THPNLS01992
   August 14, 2021    5:28PM (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/CA0821-488367/1971-detomaso-pantera/
   2. https://www.mecum.com/lots/CA0821-465375/1971-detomaso-pantera/