[DeTomaso] One overlooked Pantera sale
MICHAEL DREW
mikeldrew at aol.com
Thu Aug 19 01:37:20 EDT 2021
Steve,
You are not alone. A guy arguably let his judgement be impaired by free auction booze and bought a modified original GT5-S for $319k plus commission. A few years later Covid kicked his financial butt and he had to sell it. It took almost a year to sell and he struggled to get $180k for it.
Mike
Sent from my iPhone
> On Aug 18, 2021, at 15:56, Steve Lisa <stevelisa at patentit.com> wrote:
>
> I have mostly crappy results (some alcohol-induced) buying cars at the major auction houses. I think the exception is Bring A Trailer, which draws comments and history for the cars from those that know it.
>
> I have committed to stop drinking at auctions..... to help prevent further mistakes.
>
>
> Regards,
>
> Steven G. Lisa, Esq.
> The Law Offices of Lisa & Lesko, LLC
> Email: SteveLisa at PatentIt.com
> Direct: 480-442-0297
>
> www.PatentIt.com
>
> Scottsdale Office | P: 480.535.6656 | F: 480.535.6628 | A: 7689 East Paradise Lane, Suite 2, Scottsdale, AZ 85260
> Chicago Office | P: 312.752.4357 | F: 312.896.5633 | A: 55 E. Monroe Street, Suite 3800, Chicago, IL 60603
>
> This email is intended only for the recipient above and may contain confidential and privileged information. If you received this email in error please destroy it and indicate such by return email to me. Thank you.
>
>
>
> On Wed, Aug 18, 2021 at 1:50 PM Julian Kift <julian_kift at hotmail.com> wrote:
>> Mike,
>>
>> Now that is a theory that I wholly concur with! Having paid out the
>> owner his reserve after their inept 'modifications' they had no
>> sellers' fees, no buyers commission and every reason to help the car
>> get as high as possible. I'm betting it will turn up in a future
>> auction having now established a fictitious perceived value that will
>> help it ultimately sell for more than it would without that
>> intervention.
>>
>> Julian
>> __________________________________________________________________
>>
>> From: MICHAEL DREW <mikeldrew at aol.com>
>> Sent: Wednesday, August 18, 2021 1:42 PM
>> To: Julian Kift <julian_kift at hotmail.com>
>> Cc: De Tomaso Forum <detomaso at server.detomasolist.com>
>> Subject: Re: [DeTomaso] One overlooked Pantera sale
>>
>> Julian,
>> As for the lime green car, I'm not convinced it actually sold. I will
>> believe it when the new owner steps forward. Until then I will stand on
>> my conviction that Mecum bought it themselves, with admittedly no
>> evidence to support that contention.
>> Mike
>> Sent from my iPhone
>> > On Aug 18, 2021, at 15:46, Julian Kift <julian_kift at hotmail.com>
>> wrote:
>> >
>> > Uh, not exactly what you said, but close enough. I'm just
>> surprised the
>> > lime green Medum 'modified' car fetched so much
>> >
>> > Julian
>> >
>> __________________________________________________________________
>> >
>> > From: Mike Drew <mikeldrew at aol.com>
>> > Sent: Wednesday, August 18, 2021 12:32 PM
>> > To: Julian Kift <julian_kift at hotmail.com>
>> > Cc: De Tomaso Forum <detomaso at server.detomasolist.com>
>> > Subject: Re: [DeTomaso] One overlooked Pantera sale
>> >
>> > 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.
>> > [1]https://www.mecum.com/lots/CA0821-481041/1972-detomaso-pantera/
>> >> _______________________________________________
>> >>
>> >>
>> >> Detomaso Email List is not managed by POCA
>> >> Posted emails must not exceed 1.5 Megabytes
>> >> DeTomaso mailing list
>> >> DeTomaso at server.detomasolist.com
>> >> [2]http://server.detomasolist.com/mailman/listinfo/detomaso
>> >>
>> >> To manage your subscription (change email address, unsubscribe,
>> etc.)
>> > use the links above.
>> >>
>> >> Members who post to this list grant license to the list to forward
>> > any message posted here to all past, current, or future members of
>> the
>> > list. They also grant the list owner permission to maintain an
>> archive
>> > or approve the archiving of list messages.
>> >
>> > References
>> >
>> > 1.
>> [1]https://www.mecum.com/lots/CA0821-481041/1972-detomaso-pantera/
>> > 2. [2]http://server.detomasolist.com/mailman/listinfo/detomaso
>>
>> References
>>
>> 1. https://www.mecum.com/lots/CA0821-481041/1972-detomaso-pantera/
>> 2. http://server.detomasolist.com/mailman/listinfo/detomaso
>> _______________________________________________
>>
>>
>> Detomaso Email List is not managed by POCA
>> Posted emails must not exceed 1.5 Megabytes
>> DeTomaso mailing list
>> DeTomaso at server.detomasolist.com
>> http://server.detomasolist.com/mailman/listinfo/detomaso
>>
>> To manage your subscription (change email address, unsubscribe, etc.) use the links above.
>>
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-------------- next part --------------
Steve,
You are not alone. A guy arguably let his judgement be impaired by free
auction booze and bought a modified original GT5-S for $319k plus
commission. A few years later Covid kicked his financial butt and he
had to sell it. It took almost a year to sell and he struggled to get
$180k for it.
Mike
Sent from my iPhone
On Aug 18, 2021, at 15:56, Steve Lisa <stevelisa at patentit.com>
wrote:
I have mostly crappy results (some alcohol-induced) buying cars at the
major auction houses. I think the exception is Bring A Trailer, which
draws comments and history for the cars from those that know it.
I have committed to stop drinking at auctions..... to help prevent
further mistakes.
Regards,
Steven G. Lisa, Esq.
The Law Offices of Lisa & Lesko, LLC
Email: SteveLisa at PatentIt.com
Direct: 480-442-0297
[1]www.PatentIt.com
Scottsdale Office | P: 480.535.6656 | F: 480.535.6628 | A: 7689
East Paradise Lane, Suite 2, Scottsdale, AZ 85260
Chicago Office | P: 312.752.4357 | F: 312.896.5633 | A: 55 E.
Monroe Street, Suite 3800, Chicago, IL 60603
This email is intended only for the recipient above and may contain
confidential and privileged information. If you received this email in
error please destroy it and indicate such by return email to me. Thank
you.
On Wed, Aug 18, 2021 at 1:50 PM Julian Kift
<[2]julian_kift at hotmail.com> wrote:
Mike,
Now that is a theory that I wholly concur with! Having paid out
the
owner his reserve after their inept 'modifications' they had no
sellers' fees, no buyers commission and every reason to help the
car
get as high as possible. I'm betting it will turn up in a future
auction having now established a fictitious perceived value that
will
help it ultimately sell for more than it would without that
intervention.
Julian
__________________________________________________________________
From: MICHAEL DREW <[3]mikeldrew at aol.com>
Sent: Wednesday, August 18, 2021 1:42 PM
To: Julian Kift <[4]julian_kift at hotmail.com>
Cc: De Tomaso Forum <[5]detomaso at server.detomasolist.com>
Subject: Re: [DeTomaso] One overlooked Pantera sale
Julian,
As for the lime green car, I'm not convinced it actually sold. I
will
believe it when the new owner steps forward. Until then I will
stand on
my conviction that Mecum bought it themselves, with admittedly no
evidence to support that contention.
Mike
Sent from my iPhone
> On Aug 18, 2021, at 15:46, Julian Kift
<[6]julian_kift at hotmail.com>
wrote:
>
> Uh, not exactly what you said, but close enough. I'm just
surprised the
> lime green Medum 'modified' car fetched so much
>
> Julian
>
__________________________________________________________________
>
> From: Mike Drew <[7]mikeldrew at aol.com>
> Sent: Wednesday, August 18, 2021 12:32 PM
> To: Julian Kift <[8]julian_kift at hotmail.com>
> Cc: De Tomaso Forum <[9]detomaso at server.detomasolist.com>
> Subject: Re: [DeTomaso] One overlooked Pantera sale
>
> 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
<[10]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 <[11]detomaso-bounces at server.detomasolist.com>
on behalf
> of
>> Mike Drew via DeTomaso <[12]detomaso at server.detomasolist.com>
>> Sent: Wednesday, August 18, 2021 7:19 AM
>> To: De Tomaso Forum <[13]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][14]https://www.mecum.com/lots/CA0821-481041/1972-detomaso-panter
a/
>> 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.
>
[1][15]https://www.mecum.com/lots/CA0821-481041/1972-detomaso-panter
a/
>> _______________________________________________
>>
>>
>> Detomaso Email List is not managed by POCA
>> Posted emails must not exceed 1.5 Megabytes
>> DeTomaso mailing list
>> [16]DeTomaso at server.detomasolist.com
>>
[2][17]http://server.detomasolist.com/mailman/listinfo/detomaso
>>
>> To manage your subscription (change email address,
unsubscribe,
etc.)
> use the links above.
>>
>> Members who post to this list grant license to the list to
forward
> any message posted here to all past, current, or future
members of
the
> list. They also grant the list owner permission to maintain
an
archive
> or approve the archiving of list messages.
>
> References
>
> 1.
[1][18]https://www.mecum.com/lots/CA0821-481041/1972-detomaso-panter
a/
> 2.
[2][19]http://server.detomasolist.com/mailman/listinfo/detomaso
References
1.
[20]https://www.mecum.com/lots/CA0821-481041/1972-detomaso-pantera/
2. [21]http://server.detomasolist.com/mailman/listinfo/detomaso
_______________________________________________
Detomaso Email List is not managed by POCA
Posted emails must not exceed 1.5 Megabytes
DeTomaso mailing list
[22]DeTomaso at server.detomasolist.com
[23]http://server.detomasolist.com/mailman/listinfo/detomaso
To manage your subscription (change email address, unsubscribe,
etc.) use the links above.
Members who post to this list grant license to the list to forward
any message posted here to all past, current, or future members of
the list. They also grant the list owner permission to maintain an
archive or approve the archiving of list messages.
References
1. http://www.patentit.com/
2. mailto:julian_kift at hotmail.com
3. mailto:mikeldrew at aol.com
4. mailto:julian_kift at hotmail.com
5. mailto:detomaso at server.detomasolist.com
6. mailto:julian_kift at hotmail.com
7. mailto:mikeldrew at aol.com
8. mailto:julian_kift at hotmail.com
9. mailto:detomaso at server.detomasolist.com
10. mailto:julian_kift at hotmail.com
11. mailto:detomaso-bounces at server.detomasolist.com
12. mailto:detomaso at server.detomasolist.com
13. mailto:detomaso at server.detomasolist.com
14. https://www.mecum.com/lots/CA0821-481041/1972-detomaso-pantera/
15. https://www.mecum.com/lots/CA0821-481041/1972-detomaso-pantera/
16. mailto:DeTomaso at server.detomasolist.com
17. http://server.detomasolist.com/mailman/listinfo/detomaso
18. https://www.mecum.com/lots/CA0821-481041/1972-detomaso-pantera/
19. http://server.detomasolist.com/mailman/listinfo/detomaso
20. https://www.mecum.com/lots/CA0821-481041/1972-detomaso-pantera/
21. http://server.detomasolist.com/mailman/listinfo/detomaso
22. mailto:DeTomaso at server.detomasolist.com
23. http://server.detomasolist.com/mailman/listinfo/detomaso
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