[DeTomaso] Selling Prices

[Ed Mendez]

Hi Ken, 

I made a bit, on it, but owned it since 2012. It was completed in 2014 and I’m sure at today’s prices and costs it would be a lot more to build that car again. I bought it with that paint job, a real House of Colors 3 stage lacquer candy apple brandywine. I can’t even imagine what it would take to repaint that car.

I only sold it so I can build a Superformance GT40, just bought one. I need to now put in a motor and trans so it will be a fun project! I still have my other Pantera in New Zealand and it is going through a nut and bolt, acid dipped to bare metal restoration. It’s just being put back together and I already have $105k into that one. 😳 it’s on the home stretch and almost finished.

I was just in LA working this week and met the buyer, he is a Swiss guy who lives here in the US. He has another Pantera in Switzerland and has several other valuable cars here in the US. Super nice guy, I’m trying to get him to join POCA. Happy it’s going to someone who will really enjoy it.

He’s not an investor just a guy that really liked it, as he told me. “It’s over the top”.

I’ve personally known the guy I bought it from, since he got it in 1985. I never in a million years thought I would ever have the honor to own it. Let alone a GT40. 

I owe it all to the US Navy and the education they gave me. Go Navy!!

I also owe it to the friends I have made here in the Pantera community. :-)

Ed

Sent from my iPhone 11 Pro Max

> On Sep 4, 2021, at 14:27, Ken Green <kenn_green at yahoo.com> wrote:
> 
> 
> Has anyone looked at the BAT sales to get a handle on prices?
> 
> https://bringatrailer.com/auctions/results/?search=pantera
> 
> 
> The highest was Ed's very high quality restomod, but it seems like there must be other factors.  How much is it the  "look"?  Are some colors just more attractive to buyers and many don't want to deal with getting the car repainted?  Is it bad to get too far from the stock interior, especially with other colors?  
> 
> I know Ed's car had a lot high quality work and very nice parts, but a quality restoration is also expensive, so did Ed get a better return on his $s than a restoration?  Was part of the high selling price that Ed's car just looks great to most enthusiasts?  Did an inventor buy Ed's car or someone who wanted a great looking mid engine GT?  
> 
> Ed, any ideas about the buyer?
> 
> Ken
> 
> 
> 
> 
-------------- next part --------------
   Hi Ken,

   I made a bit, on it, but owned it since 2012. It was completed in 2014
   and I'm sure at today's prices and costs it would be a lot more to
   build that car again. I bought it with that paint job, a real House of
   Colors 3 stage lacquer candy apple brandywine. I can't even imagine
   what it would take to repaint that car.

   I only sold it so I can build a Superformance GT40, just bought one. I
   need to now put in a motor and trans so it will be a fun project! I
   still have my other Pantera in New Zealand and it is going through a
   nut and bolt, acid dipped to bare metal restoration. It's just being
   put back together and I already have $105k into that one. it's on the
   home stretch and almost finished.

   I was just in LA working this week and met the buyer, he is a Swiss guy
   who lives here in the US. He has another Pantera in Switzerland and has
   several other valuable cars here in the US. Super nice guy, I'm trying
   to get him to join POCA. Happy it's going to someone who will really
   enjoy it.

   He's not an investor just a guy that really liked it, as he told me.
   "It's over the top".

   I've personally known the guy I bought it from, since he got it in
   1985. I never in a million years thought I would ever have the honor to
   own it. Let alone a GT40.

   I owe it all to the US Navy and the education they gave me. Go Navy!!

   I also owe it to the friends I have made here in the Pantera community.
   :-)

   Ed
   Sent from my iPhone 11 Pro Max

     On Sep 4, 2021, at 14:27, Ken Green <kenn_green at yahoo.com> wrote:

   Has anyone looked at the BAT sales to get a handle on prices?
   [1]https://bringatrailer.com/auctions/results/?search=pantera
   The highest was Ed's very high quality restomod, but it seems like
   there must be other factors.  How much is it the  "look"?  Are some
   colors just more attractive to buyers and many don't want to deal with
   getting the car repainted?  Is it bad to get too far from the stock
   interior, especially with other colors?
   I know Ed's car had a lot high quality work and very nice parts, but a
   quality restoration is also expensive, so did Ed get a better return on
   his $s than a restoration?  Was part of the high selling price that
   Ed's car just looks great to most enthusiasts?  Did an inventor buy
   Ed's car or someone who wanted a great looking mid engine GT?
   Ed, any ideas about the buyer?
   Ken

References

   1. https://bringatrailer.com/auctions/results/?search=pantera