[DeTomaso] One overlooked Pantera sale

[Nathan Giles]

Mile,

While your case may be true for recent auction results I question it as a scientific result. The recent spat of high prices are spawned by investors who know nothing of the Pantera, only seeking to invest for future flip. And yes, they will to a degree drive future market. But, what does the direct sale market look like? How do you explain the Ring Brothers car? 

As you may know my car is highly modified. I have zero regrets. I have passion for these cars and their history. And frankly it may or may not ever be priced at the top of the market. I’m ok with that. My kids can figure out what to do with it after I’m gone.

Nathan Giles

> On Aug 18, 2021, at 07:20, Mike Drew via DeTomaso <detomaso at server.detomasolist.com> wrote:
> 
>    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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