quote:Originally posted by Joules:
It's easy to quote a few high $ sales and portray Pantera's are all worth that, but a statistically a valid cross section of sales is required to support what prices generally are, for every $125K sale I can point you to a $40K sale, what does that say? To me it speaks to the success of auction houses in being able to liquor up some rich guys and part them with their money, not that I have any problem with that!
I totally agree whit Joules, the expensive Pantera's into Europe are for a long time for sale ,and you see they take them off the market and come back whit a higher asking price.(also no sale on those)
Higer prices do not say a better condition.
For the early (1971-74) cars is a market for under $65k , for GT5-s are other price's
GT5's are also not sell for high prices , not much people like the gleu on fiberglass extensions.
The taste into Europe is also different on the Repro cars , mostly they want it stock and original.
Thats why original low miles cars bring good money.
But cars whit work bring much less money.
Also the reputation on restored American cars is bad into Europe ,we have here a much higher standard.
Car dealers are Always say that classic cars go up ,and there is coming on a big market into China ,but dont forget People from China have no motering history like us.
No posters from a Countach on there sleeping room when they are young.
there are a few Chinese investors who invest into special classic cars.
The good thing is that Pantera's are go slowly up , that means that when you bought a Pantera for the hobby, you MAYBE get your ,,investment" back.
But most the important thing is ENJOY YOUR HOBBY CAR .
Simon