[DeTomaso] BaT No Sale at $135K for a Hall GT5-S Conversion
Julian Kift
julian_kift at hotmail.com
Tue Jun 8 13:04:01 EDT 2021
There is a car for every buyer and buyer for every car, within which there will always be a 'Ken' or 'Barbie' that is blinded by the bling....
I think the point being made was that highly modified cars are often a reflection of the owner's taste, when it comes time to sell a potential buyer does not necessarily see value in all the modifications and thus such cars often sell for less than the owner's investment. For someone who wants a GT5-S as this was the benchmark would likely be a real GT5-S price discounted for the amount one feels the 'stock' late model car will appreciate over an early modified car. One could still argue adding partial steel flare sections is still a long way from what a real GT5-S is.
Julian
________________________________
From: DeTomaso <detomaso-bounces at server.detomasolist.com> on behalf of Ken Green via DeTomaso <detomaso at server.detomasolist.com>
Sent: Tuesday, June 8, 2021 8:48 AM
To: Mike Drew <mikeldrew at aol.com>
Cc: Detomaso List <detomaso at server.detomasolist.com>
Subject: Re: [DeTomaso] BaT No Sale at $135K for a Hall GT5-S Conversion
Not sure about:
"$135k was all the money and then some for this car. It will never be worth close to what a really GT5-S is worth."
Guess I'm a sucker for aluminum blocks, suspension, etc. If someone wants what the black car is, and it can be confirmed to be rust free and needs virtually nothing, I suspect it would probably cost more than $135K to duplicate it. If you buy a driver and have a reputable shop take it to bare metal and make all the mods, I'd guess well over $135K when you are done?
It would be interesting to hear from the shops (Wilkinson, Byers, Stock, etc) what it would cost to duplicate, and add the cost of a clean driver needing paint, maybe rust repair, etc., maybe $60K presently???
Ken
On Tuesday, June 8, 2021, 1:56:09 AM PDT, Mike Drew via DeTomaso <detomaso at server.detomasolist.com> wrote:
Ken,
Yes, my point exactly. And that is what you were objecting to?
Mike
Sent from my iPad
On Jun 8, 2021, at 05:20, Ken Green <kenn_green at yahoo.com> wrote:
I don't think there is such a thing as "actual worth". What a car is
worth is what the buyer thinks at that moment of the sale.
On Monday, June 7, 2021, 1:06:19 PM PDT, Mike Drew <mikeldrew at aol.com>
wrote:
Ken,
I'm not talking about what you or I like. I'm talking about what a
given car is actually worth, regardless of what it cost to build it.
It's nit being critical, it's being realistic and honest.
Mike
Sent from my iPad
On Jun 6, 2021, at 20:42, Ken Green <kenn_green at yahoo.com> wrote:
Did the DOHC valve covers drive the price down some?
I'm not a collector and would take the pro-touring Pantera over the
"original" if in the same condition. I have seen Vette restomods sell
for crazy prices.
If a restomod Pantera is done right, why be so critical? I would not
want an original Pantera.
On Saturday, June 5, 2021, 10:20:15 PM PDT, <gt40 at sbcglobal.net> wrote:
Well with the most recent sale (on BAT) of an original GT5-S being 167K
on
12/20...
[1]https://bringatrailer.com/listing/1986-detomaso-pantera-gt5-s/
Subject: Re: [DeTomaso] BaT No Sale at $135K for a Hall GT5-S
Conversion
I couldn't have said it any better, Mike. As my grandfather and I
learned
many years ago, even though you've put $200K into a car, it's value is
only
what someone is willing to pay for it.
Sent from my iPhone
> On Jun 5, 2021, at 3:15 PM, Mike Drew via DeTomaso
> <[2]detomaso at server.detomasolist.com> wrote:
>
> Mike,
>
> My thoughts?
>
> Just because you spent X dollars building a car doesn't mean it's
worth X
> dollars when it comes time to sell it.
>
> $135k was all the money and then some for this car. It will never be
> worth close to what a really GT5-S is worth. Hopefully seller and
high
> bidder can come to a deal, but if not seller will wind up owning this
car
> forever I think....
>
> Mike
>
> Sent from my iPad
>
>> On Jun 5, 2021, at 17:48, Mike & Elizabeth
<[3]mbefthomas2 at gmail.com> wrote:
>>
>> This Hall GT5-S conversion was a no-sale at $135K. With original
>> GT5-S's having trouble getting past $200K I'm thinking the reserve
may
>> have been a little optimistic?
>>
>> Your thoughts?
>>
>>
>> [1][4]https://bringatrailer.com/listing/1973-detomaso-pantera-39/
>>
>>
>> Mike Thomas
>>
>> References
>>
>> 1. [5]https://bringatrailer.com/listing/1973-detomaso-pantera-39/
>> _______________________________________________
>>
>>
>> Detomaso Email List is not managed by POCA
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References
1. https://bringatrailer.com/listing/1986-detomaso-pantera-gt5-s/
2. mailto:detomaso at server.detomasolist.com
3. mailto:mbefthomas2 at gmail.com
4. https://bringatrailer.com/listing/1973-detomaso-pantera-39/
5. https://bringatrailer.com/listing/1973-detomaso-pantera-39/
6. mailto:DeTomaso at server.detomasolist.com
7. http://server.detomasolist.com/mailman/listinfo/detomaso
8. mailto:DeTomaso at server.detomasolist.com
9. http://server.detomasolist.com/mailman/listinfo/detomaso
10. mailto:DeTomaso at server.detomasolist.com
11. http://server.detomasolist.com/mailman/listinfo/detomaso
12. mailto:DeTomaso at server.detomasolist.com
13. http://server.detomasolist.com/mailman/listinfo/detomaso
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-------------- next part --------------
There is a car for every buyer and buyer for every car, within which
there will always be a 'Ken' or 'Barbie' that is blinded by the
bling....
I think the point being made was that highly modified cars are often a
reflection of the owner's taste, when it comes time to sell a potential
buyer does not necessarily see value in all the modifications and thus
such cars often sell for less than the owner's investment. For someone
who wants a GT5-S as this was the benchmark would likely be a real
GT5-S price discounted for the amount one feels the 'stock' late model
car will appreciate over an early modified car. One could still argue
adding partial steel flare sections is still a long way from what a
real GT5-S is.
Julian
__________________________________________________________________
From: DeTomaso <detomaso-bounces at server.detomasolist.com> on behalf of
Ken Green via DeTomaso <detomaso at server.detomasolist.com>
Sent: Tuesday, June 8, 2021 8:48 AM
To: Mike Drew <mikeldrew at aol.com>
Cc: Detomaso List <detomaso at server.detomasolist.com>
Subject: Re: [DeTomaso] BaT No Sale at $135K for a Hall GT5-S
Conversion
Not sure about:
"$135k was all the money and then some for this car. It will never be
worth close to what a really GT5-S is worth."
Guess I'm a sucker for aluminum blocks, suspension, etc. If someone
wants what the black car is, and it can be confirmed to be rust free
and needs virtually nothing, I suspect it would probably cost more than
$135K to duplicate it. If you buy a driver and have a reputable shop
take it to bare metal and make all the mods, I'd guess well over $135K
when you are done?
It would be interesting to hear from the shops (Wilkinson, Byers,
Stock, etc) what it would cost to duplicate, and add the cost of a
clean driver needing paint, maybe rust repair, etc., maybe $60K
presently???
Ken
On Tuesday, June 8, 2021, 1:56:09 AM PDT, Mike Drew via DeTomaso
<detomaso at server.detomasolist.com> wrote:
Ken,
Yes, my point exactly. And that is what you were objecting to?
Mike
Sent from my iPad
On Jun 8, 2021, at 05:20, Ken Green <kenn_green at yahoo.com> wrote:
I don't think there is such a thing as "actual worth". What a car is
worth is what the buyer thinks at that moment of the sale.
On Monday, June 7, 2021, 1:06:19 PM PDT, Mike Drew
<mikeldrew at aol.com>
wrote:
Ken,
I'm not talking about what you or I like. I'm talking about what a
given car is actually worth, regardless of what it cost to build it.
It's nit being critical, it's being realistic and honest.
Mike
Sent from my iPad
On Jun 6, 2021, at 20:42, Ken Green <kenn_green at yahoo.com> wrote:
Did the DOHC valve covers drive the price down some?
I'm not a collector and would take the pro-touring Pantera over the
"original" if in the same condition. I have seen Vette restomods
sell
for crazy prices.
If a restomod Pantera is done right, why be so critical? I would not
want an original Pantera.
On Saturday, June 5, 2021, 10:20:15 PM PDT, <gt40 at sbcglobal.net>
wrote:
Well with the most recent sale (on BAT) of an original GT5-S being
167K
on
12/20...
[1]https://bringatrailer.com/listing/1986-detomaso-pantera-gt5-s/
Subject: Re: [DeTomaso] BaT No Sale at $135K for a Hall GT5-S
Conversion
I couldn't have said it any better, Mike. As my grandfather and I
learned
many years ago, even though you've put $200K into a car, it's value
is
only
what someone is willing to pay for it.
Sent from my iPhone
> On Jun 5, 2021, at 3:15 PM, Mike Drew via DeTomaso
> <[2]detomaso at server.detomasolist.com> wrote:
>
> Mike,
>
> My thoughts?
>
> Just because you spent X dollars building a car doesn't mean it's
worth X
> dollars when it comes time to sell it.
>
> $135k was all the money and then some for this car. It will never
be
> worth close to what a really GT5-S is worth. Hopefully seller and
high
> bidder can come to a deal, but if not seller will wind up owning
this
car
> forever I think....
>
> Mike
>
> Sent from my iPad
>
>> On Jun 5, 2021, at 17:48, Mike & Elizabeth
<[3]mbefthomas2 at gmail.com> wrote:
>>
>> This Hall GT5-S conversion was a no-sale at $135K. With original
>> GT5-S's having trouble getting past $200K I'm thinking the
reserve
may
>> have been a little optimistic?
>>
>> Your thoughts?
>>
>>
>> [1][4]https://bringatrailer.com/listing/1973-detomaso-pantera-39/
>>
>>
>> Mike Thomas
>>
>> References
>>
>> 1. [5]https://bringatrailer.com/listing/1973-detomaso-pantera-39/
>> _______________________________________________
>>
>>
>> Detomaso Email List is not managed by POCA
>> Posted emails must not exceed 1.5 Megabytes
>> DeTomaso mailing list
>> [6]DeTomaso at server.detomasolist.com
>> [7]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.
>
> _______________________________________________
>
>
> Detomaso Email List is not managed by POCA
> Posted emails must not exceed 1.5 Megabytes
> DeTomaso mailing list
> [8]DeTomaso at server.detomasolist.com
> [9]http://server.detomasolist.com/mailman/listinfo/detomaso
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> approve the archiving of list messages.
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message posted here to all past, current, or future members of the
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References
1. [1]https://bringatrailer.com/listing/1986-detomaso-pantera-gt5-s/
2. [2]mailto:detomaso at server.detomasolist.com
3. [3]mailto:mbefthomas2 at gmail.com
4. [4]https://bringatrailer.com/listing/1973-detomaso-pantera-39/
5. [5]https://bringatrailer.com/listing/1973-detomaso-pantera-39/
6. [6]mailto:DeTomaso at server.detomasolist.com
7. [7]http://server.detomasolist.com/mailman/listinfo/detomaso
8. [8]mailto:DeTomaso at server.detomasolist.com
9. [9]http://server.detomasolist.com/mailman/listinfo/detomaso
10. [10]mailto:DeTomaso at server.detomasolist.com
11. [11]http://server.detomasolist.com/mailman/listinfo/detomaso
12. [12]mailto:DeTomaso at server.detomasolist.com
13. [13]http://server.detomasolist.com/mailman/listinfo/detomaso
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Members who post to this list grant license to the list to forward any
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References
1. https://bringatrailer.com/listing/1986-detomaso-pantera-gt5-s/
2. mailto:detomaso at server.detomasolist.com
3. mailto:mbefthomas2 at gmail.com
4. https://bringatrailer.com/listing/1973-detomaso-pantera-39/
5. https://bringatrailer.com/listing/1973-detomaso-pantera-39/
6. mailto:DeTomaso at server.detomasolist.com
7. http://server.detomasolist.com/mailman/listinfo/detomaso
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