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!
There IS something going on here. It is more evident with the Mangustas though. That is a car that went from $40k to somewhere around $300k seemingly overnight.
It doesn't matter which market fuels the feeding frenzy, if that is what's happening.
Europe and the US have often been the stimulus in many types of markets for each other before.
Japan at one time fueled it as well?
I think it is more than just a couple of Panteras that have been reported to have been sold at over the $125,000 market recently.
I have to consider that a trend, and a trend that is rising at a significant rate.
The only thing that is debatable about it is what the rate of increase is now.
In all considerations the general economies of the US and Europe are fragile but showing growth. The difficulty is in analyzing the segments that are experiencing growth accurately.
The Detomaso market is so relatively small that it may be attracting both enthusiast and investors now simply because there are those that are EXPECTING the values to double, triple or more, if not now, eventually.
They don't want to get locked out of a "Cobra-ish" market where the car went from $40,000 to a million in only a few years.
There is more than possibility in the Detomaso market for that to happen.
Snicker at that remark as you will but I personally know of Cobras that were sold at $10,000 because the owner could never conceive of a bucket of bolts like a Cobra ever being a valuable asset.
Shelby once said in regards to the quality of the car, "it was made by a wine-o under the London Bridge".
Smart money is to buy in now as well as you can. The $125,000 cars are just the nibbling on the fisherman's line. The fish are trying not to attract too much attention right now, but apparently they are there.
Just like "JAWS". Listen for the music. That's the only way you can tell when the big fish is there. You can't see him.
