Auction of Gov't Seized 1971 DE TOMASO PANTERRA GTS

Oh and there is a 74 pantera as well

MANY nice projects there!

heck their all replicas,well most of em. Maybe thats why he was doing a ponzi since he couldnt afford the real things.

Looks like the Cat could be a push button.



update....

Yup it's a push button:

http://www.qv500.com/detomasoregistrypanpush1081.php

O.K. I give up. What is a ponzi?
Doug M

A "Ponzi' scheme is equivalent to a "pyramid scheme, where there is no actual assets, and the investors are paid "interest" with the influx of monies from new investors. once the influx of "New Investors" stops, inturn so does the "interest payments", and with no real investments aka liquidity aka "Hard Assets", the scheme collapses.....I hope this "helps".....while I have your attention, I have some property that you might be interested in...........Mark.

I see it's in North Salt Lake- I'll check it out.

quote:

Originally posted by INZOWHO:
O.K. I give up. What is a ponzi?
Doug M

Think Bernie Madoff. But it is called "Ponzi" after the perfection of this type of scheme by Charles Ponzi who started bilking people in the early 1920's.

Mark

See my update under the "Panteras For Sale" Forum. The auction has been postponed. I have looked at one of the cars carefully.

The auction is back on for April 1st. The auction will start at 2/3 the appraised value.

quote:

The auction is back on for April 1st.

Old link is dead.

Here is new one:

http://tinyurl.com/yehqmuf

Larry

quote:

Originally posted by LF - TP 2511:

quote:

The auction is back on for April 1st.

Old link is dead.

Here is new one:

http://tinyurl.com/yehqmuf

Larry

That, is a crapload of cars.
If I did o.k. on my powerball numbers tonight maybe I'll mosey on down for a looky loo.
I think I can at least swing the $5 addmission for the pre auction inspection?

Strange, strange mix.

quote:

Originally posted by Corey Price:
The auction is back on for April 1st. The auction will start at 2/3 the appraised value.

What the heck kind of auction starts at 2/3 the appraised value. Does that mean they won't sell for less or they have a reserve?

The auction was protested by the accused.

KSL story

I think it's risky in my opinion to bid on a car with a bid that starts at 2/3 the appraised value of the vehicle when you can't drive it, have no idea who the appraiser was, don't know what you're getting, etc. I asked about one of the cars here on the BB, and no one has any info (or no one wants to disclose any info) other than what I can see. High risk, small return...

Anyone headed here to Utah to see or bid on one of these cars? I can't believe they're charging $5 just to see the cars since they didn't charge anything before.

I'm still disgusted by the minimum bid. There were a lot of weird cars that I saw when I went to the open house in January.

The red Pantera sold for $32,500, and I wasn't the buyer. Given the auction climate, I left and don't know what the 1971 pushbutton went for.