Reply to "Pantera #7206 - GTS"

David B,

When Dave Adler told me that the black Grp4 with the 427 hammer that sold for 80k was the highest price ever paid for a Pantera at his company, he was not referring only to customized Pantera's. He specifically said he never recalled ANY Pantera at his shop selling for more than 80k in the entire time he has owned P.I. Motorsports.

I appreciate your thoughts that you believe Michael's Pantera is worth more than 150k. But you were a little early to say that. You were supposed to say that AFTER I buy Michael's car, not now! Your last post probably cost me another 50k. Thanks for sharing bro.

Kidding aside, when Michael bought his targa in 2003, we were going through one of the biggest boom economies in memory. Real estate prices were soaring. Credit was readily available, unemployment was low, business's were doing great. It seemed everyone had money because either they had high salaries, or they were taking out equity loans on their homes that had skyrocketed in value, using the money to buy boats, fancy cars, vacation homes, etc.

Fast forward 7 yrs to 2010. We are in the throngs of the second biggest collapse capitalism has ever seen. The entire banking system would have collapsed without the government stepping in with bailout money. Huge corporations going bankrupt everywhere you look. AIG Insurance would have collapsed save for another govt bailout. Unemployment is high. Jobs are scarce. Credit is tight. Our economy is so bad America single handedly brought down the entire world economy. Now virtually every country in the world is doing badly economically. With money tight, everything today is worth less than it was in 2003. Remember, In 2003 during the biggest boom economy in memory, Michael's car was still a targa back then and Michael paid nowhere near 150k for it then.

So now our economy is in the tank, credit is tight, jobs are scarce, real estate values are way down and we are suffering through the worst economy in American history since 1929, and yet in the midst of this crisis and global economic meltdown Michael's car somewhow skyrocketed to be worth 150k, just when I want to buy it? It doesn't make sense. Although I swear that would serve as a nice metaphor for the story of my life.


David B, I do agree with you in spirit. It seems like these GT5 and GT5-S cars should command lots and lots of money. After all, they were virtually built by hand. They were considered world class super cars at the time I believe. I don't know why some cars like the Shelby's and some other muscle cars are worth a ton of money yet the Pantera lags, especially the GT5 and GT5S? Someone here posted that maybe not that many people like the styling of the GT5 and GT5-S. I don't know. They look like nicely styled cars to me. But it is interesting and befuddling to me that the classic original narrow body Pantera's seem to command prices very close to the GT5 and GT5-Ss. It just doesn't make sense. But I guess it shows that most people still like the old narrow body classic styled Pantera's. Those narrow body Pantera's of the early '70s were styled way ahead of their time, and they still look great, so maybe it does make sense.


David