[DeTomaso] One overlooked Pantera sale

[Will Kooiman]

I think Mike is dead-on.  He wasn't saying one is preferred over the other.  He's just pointing out the value impact to modifying a stock car.

Frankly, I don't care.  If it makes you happy, do it.  Just don’t expect to get all of your money out of it.  If you plan to never sell, so what?

Btw, I drove my Pantera to Starbucks this morning.  Damn, it feels nice driving that car.

And someday, I might buy another Pantera.  If I do, it will be a GT5-S conversion.

On 8/18/21, 11:27 AM, "DeTomaso on behalf of Julian Kift" <detomaso-bounces at server.detomasolist.com on behalf of julian_kift at hotmail.com> wrote:

       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/
    _______________________________________________


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