[DeTomaso] One overlooked Pantera sale

[Julian Kift]

Mike,

The deep pocketed narrow body crowd you speak of are now comprised of a heavy contingent of investors, who have little to no appreciation of the width of the body of a Pantera or desire to actually drive it, only it's originality and potential for investment growth. By that same token buyers of original Group 4 / GT5 & GT5-S cars are prepared to shell out more (far deeper pockets) than their narrow body counterparts due to originality plus rarity. Your case seems a little biased on a very small snapshot of the market, and ultimately, I think it's predominantly a case of an original Pantera is worth more than a modified one.

Julian

________________________________
From: DeTomaso <detomaso-bounces at server.detomasolist.com> on behalf of Mike Drew via DeTomaso <detomaso at server.detomasolist.com>
Sent: Wednesday, August 18, 2021 7:19 AM
To: De Tomaso Forum <detomaso at server.detomasolist.com>
Subject: [DeTomaso] One overlooked Pantera sale

All,

There was one Pantera sale that inexplicably was overlooked in the Hammerprice summary, although it was listed in the app:

This car:

https://www.mecum.com/lots/CA0821-481041/1972-detomaso-pantera/

Sold for $78k.

Let that sink in for a minute. At the same auction, people were willing to pay $20k more for a CRASHED Pantera than they would pay for a GT5 conversion!  This just highlights what I’ve said for years—if you are considering hacking up a Pantera to convert it to GT5 or GT5-S or GT/4 configuration, you have to realize that the $20-30k+ cost of the conversion will then be coupled with a $20-30k LOSS in value, for an all-in cost of $40-60k.

If you have the hots for a widebody Pantera, do yourself and the world a favor and buy one already done like this. This looks like a really nice car, one that you would likely really enjoy, Mister Widebody. And it would preserve an unmolested car for the much larger (and deep-pocketed) narrow body crowd. In fact, if you chose not to hack your car and instead sold it and bought one already done, you would likely achieve happiness and have an extra $20-30k in your pocket!

Mike

Sent from my iPad
-------------- next part --------------
   Mike,

   The deep pocketed narrow body crowd you speak of are now comprised of a
   heavy contingent of investors, who have little to no appreciation of
   the width of the body of a Pantera or desire to actually drive it, only
   it's originality and potential for investment growth. By that same
   token buyers of original Group 4 / GT5 & GT5-S cars are prepared to
   shell out more (far deeper pockets) than their narrow body counterparts
   due to originality plus rarity. Your case seems a little biased on a
   very small snapshot of the market, and ultimately, I think it's
   predominantly a case of an original Pantera is worth more than a
   modified one.

   Julian
     __________________________________________________________________

   From: DeTomaso <detomaso-bounces at server.detomasolist.com> on behalf of
   Mike Drew via DeTomaso <detomaso at server.detomasolist.com>
   Sent: Wednesday, August 18, 2021 7:19 AM
   To: De Tomaso Forum <detomaso at server.detomasolist.com>
   Subject: [DeTomaso] One overlooked Pantera sale

   All,
   There was one Pantera sale that inexplicably was overlooked in the
   Hammerprice summary, although it was listed in the app:
   This car:
   [1]https://www.mecum.com/lots/CA0821-481041/1972-detomaso-pantera/
   Sold for $78k.
   Let that sink in for a minute. At the same auction, people were willing
   to pay $20k more for a CRASHED Pantera than they would pay for a GT5
   conversion!  This just highlights what I've said for years--if you are
   considering hacking up a Pantera to convert it to GT5 or GT5-S or GT/4
   configuration, you have to realize that the $20-30k+ cost of the
   conversion will then be coupled with a $20-30k LOSS in value, for an
   all-in cost of $40-60k.
   If you have the hots for a widebody Pantera, do yourself and the world
   a favor and buy one already done like this. This looks like a really
   nice car, one that you would likely really enjoy, Mister Widebody. And
   it would preserve an unmolested car for the much larger (and
   deep-pocketed) narrow body crowd. In fact, if you chose not to hack
   your car and instead sold it and bought one already done, you would
   likely achieve happiness and have an extra $20-30k in your pocket!
   Mike
   Sent from my iPad

References

   1. https://www.mecum.com/lots/CA0821-481041/1972-detomaso-pantera/