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I've set the quarter million dollar GT5-S market

SharkeySharkeyForum Sponsor - Pantera Miami
We all did very well this weekend with regard to Pantera prices. That was me on stage if you watched, S108, #9473, 11,700km. That represents the third GT5-Steel car I've done deals on in the last 90 days. The market is now set. Add in fees & no sales tax, that is a quarter million dollar car. Last one I did was Freds car in Orange County 225k, and just a few weeks ago, Adams 5-Steel I flew to Jersey for.
My red Pantera [S164] sold, representing almost 120k w/fees. I also won the 5000 original mile maroon '74 GTS From Daytona, produced 7/74. I waited patiently until the reserve went off then I hit it. Meanwhile, the GT5-S once on stage REALLY dominated. The crowd was excited, and when it broke a hundred immediately everyone cheered, once it broke 200, the crowd went nuts. The bidding was furious, and at 10 grand a clip, my buddy The Captain & I watched every person bidding so I wouldn't outbid myself. Auction houses trick you that way. The guy that knocked me off for a dime thought he won the car. I watched, I waited. Didn't move. The auction stalled. Once the hammer raised to end the auction.... BOOM I hit it a nickel instead of a dime [auction houses hate that] but I don't care. Done deal. The guy was mad. Within 20 minutes the Mecum office called my cell with two higher offers. With regard to the twin turbo orange car, drop dead gorgeous car, I knew that car when George owned it. It was a gold/tan/brown color and everything that could be plated was gold, including the front bumper emblem. When George died the new owner had it painted. Had a note in the car for Mecum staff not to let the car idle, 'cooling' problem. Not sure what was up w/that. 5517 blue was a 3100 original mile car that did strong money all the way up. Super nice car with date coded Arriva tires [44th week of '73]true to the cars production date. I fell off the car at 110. Great weekend for Pantera values. Cheers.
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does200does200Member
Yeah, was real fun to watch. On the GT5S cars, nice to have originality and low mileage to store in a nice garage to retain value. I would still prefer my bastardized GT5S show car with factory flares and Fontana race engine with no smog requirements. However I can see both preferences, with different ownership goals. Nice to see some good auction value finally, rather than what we have been seeing the past few years.
Last edited by does200
SharkeySharkeyForum Sponsor - Pantera Miami
quote:
Originally posted by DOES 200:
Yeah, was real fun to watch. On the GT5S cars, nice to have originality and low mileage to store in a nice garage to retain value. I would still prefer my bastardized GT5S show car with factory flares and Fontana race engine with no smog requirements. However I can see both preferences, with different ownership goals. Nice to see some good auction value finally, rather than what we have been seeing the past few years.
I agree, time we're recognized.
We're onboard with all the exotics, the Hagerty Valuation Tool has Pantera shooting up like a rocket, check it out Smiler
SharkeySharkeyForum Sponsor - Pantera Miami
quote:
Originally posted by Simon:
From what Fred from Orange County told me about the $225k silver Pantera GT5-S , he sell this to a gentleman from Texas. he's nothing told me about a car dealer from Florida.

I also was very close to a deal whit Mr.F.Heitman but my offer was just a little to low.
Simon

Well I can tell you about the car Dealer from Florida, I put the deal together. Initially sending Donnie from Full Throttle Pantera to check the car. I was in Denver inspecting the ebay white one at 200k & visiting Dennis. Freds deal was a tough go. I reported here on forum some weeks ago that we wanted to buy the car at full asking, 225, but Fred ~would not~ sell us the car. After spending all this time and money chasing it. Fred claims he was waiting until the end of the month, we had to wait 10 days, as he kinda promised to 'hold' the car for someone. Maybe that someone was you. None-the-less, we waited as instructed. Approached him once again to do a deal, and explaining the way we felt slighted over inspecting and agreeing to buy the car on sight, only to be told NO we couldn't buy it. He thought about it, and agreed it wasn't right. Long story short, done deal. So....it's now with Donnie, just down the street from Fred getting shocks & incidentals. Now you know about the car Dealer from Florida. He has another one you can buy, one off Hurst Model Pantera, super rare. Shark
SharkeySharkeyForum Sponsor - Pantera Miami
quote:
Originally posted by George P:
That was a great report Jack, your comments are always appreciated.

FYI to everyone, Jack Sharkey is an icon in the Pantera world. He's been around a long time (none of us are getting younger, eh Jack?). I feel lucky that he contributes here.


Whoa THANKYOU Thankyou thankyou for the kind words George! You're the best! Smiler
SharkeySharkeyForum Sponsor - Pantera Miami
quote:
Originally posted by ItalFord:
So does this mean that the Quarter Milliion GTS-5 has dragged up all other Pantera values too? Good if you already own. Bad if you are looking.

Big time. Go to the Haggerty Valuation Report and check values. He ensures them based on actual purchase prices and live auction prices. I may be responsible for the 5-Steel prices but not the narrow body prices.
S simonMember
Big time. Go to the Haggerty Valuation Report and check values. He ensures them based on actual purchase prices and live auction prices. I may be responsible for the 5-Steel prices but not the narrow body prices.[/QUOTE]

You are not responsible for the prices of the GT5-S , the people who put there own money on the table are responsible.
Simon
joulesjoules"Racing is Life, anything before or after is just waiting" - Steve McQueen
quote:
Originally posted by Sharkey:

Big time. Go to the Haggerty Valuation Report and check values. He ensures them based on actual purchase prices and live auction prices. I may be responsible for the 5-Steel prices but not the narrow body prices.


That is misleading; Hagerty values include for '71 through '74 cars by year and body style (pre-L, L and GTS). No where are the later non Ford era cars featured.

So you purchased 2 or 3 GT5-S with someones money, which represents a large proportion of recent sales. Yes you have most certainly influenced the market, it being so small. We need to wait and see if you were prudent or not, unless your buyer continues to buy all 187, then he can set the market!
SharkeySharkeyForum Sponsor - Pantera Miami
Incorrect. I have buyers that trust my judgement. I tell them what they should pay, within my comfort level. One of my buyers is a GT-40 collector, who was standing next to me on stage in Kissimmee waiting for me pull the trigger. I've been directly responsible in four documented 5-S sales within the last 90 days including one celebrity purchase. That number will be five as soon as I get title details on the maroon DeTomaso built 5-S car in Nevada, that was imported by George Stauffer. I already have it sold for yet another record price. Stand by.
S simonMember
quote:
Originally posted by Sharkey:
Incorrect. I have buyers that trust my judgement. I tell them what they should pay, within my comfort level. One of my buyers is a GT-40 collector, who was standing next to me on stage in Kissimmee waiting for me pull the trigger. I've been directly responsible in four documented 5-S sales within the last 90 days including one celebrity purchase. That number will be five as soon as I get title details on the maroon DeTomaso built 5-S car in Nevada, that was imported by George Stauffer. I already have it sold for yet another record price. Stand by.

Arent we not all puppets from a puppeteer into a puppetshow?
And you are maybe the head puppet?

When you buy them all whit your own money ,than you are the man.

Not when the money come from somebody else.

I like also that the prices are going up and I believe also that Pantera's are a good investment , but the most I like is the hobby.
Simon
panteradougpanteradougMember
quote:
Originally posted by Simon:
quote:
Originally posted by Sharkey:
Incorrect. I have buyers that trust my judgement. I tell them what they should pay, within my comfort level. One of my buyers is a GT-40 collector, who was standing next to me on stage in Kissimmee waiting for me pull the trigger. I've been directly responsible in four documented 5-S sales within the last 90 days including one celebrity purchase. That number will be five as soon as I get title details on the maroon DeTomaso built 5-S car in Nevada, that was imported by George Stauffer. I already have it sold for yet another record price. Stand by.

Arent we not all puppets from a puppeteer into a puppetshow?
And you are maybe the head puppet?

When you buy them all whit your own money ,than you are the man.

Not when the money come from somebody else.

I like also that the prices are going up and I believe also that Pantera's are a good investment , but the most I like is the hobby.
Simon


What does it matter who buys them? Five cars well over $200,000, sold is five cars well over $200,000, sold? Where is the argument?
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