quote:Originally posted by Dago: It will not be easy, but it must be possible to make a simular car for 100K if you know the way around.
We’ll have to agree to disagree on that Arno because I don’t think you can buy the sourced parts on that car for $100k. If one values the labor to design and fabricate at $0, I suppose you can get there, but if that’s the case, I’ve got plenty of work for you at that hourly rate.
quote:But that was not my point. I hope for him he sell the car for 550K. My question was, would it be possible to build a Pantera more worth then a factory race car. We all invest so much money in old cars without race history. Is there a way to restore or build a Pantera making money at the end? Arno
That is a different matter. It’s can be an emotive subject but to me, race cars are just machines built for purpose. I started a debate over at GT40 forum about value of historic cars. Superformance make GT40 replicas that are pretty faithful recreations and I postulated that anyone paying tens of millions of dollars for original cars was buying the story not the machine. I went on to suggest the proportion of price paid for the story was equal to the purchase price less the cost of recreating the machine. This of course suggests that almost the entire purchase price in these instances is for the “story” not the actual machine and people paying these prices seem to think it somehow connects them with the feat of winning LeMans or the creation of the car, when in fact, all they have done is written a large check.
Later in the thread I went on to suggest the ridiculous prices paid for some of the historic race cars was only possible due to the existence of people with more money than sense and likened it to people paying exorbitant fees for artwork or even Michael Jackson’s glove or locks of Elvis’ hair, which of course didn’t go over very well.
Anyway, in reference to your question, I think you get the point I’m making; one method of establishing value is what it takes to duplicate the machine and the other is the price someone will pay…….and that’s market price.
Best,
K