[DeTomaso] One overlooked Pantera sale

[Mike Drew]

Julian,

Uh…that’s exactly what I said. An original car is worth far more than a modified one. So if you want a modified one, buy a modified one, don’t wreck an unmodified one. 

Mike

Sent from my iPad

> On Aug 18, 2021, at 11:27, Julian Kift <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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