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according to the auctioneer's results website, £52,000 (equiv to USD81,000) for a Longchamp in as new condition sold on October 2nd 2010! Wish mine was as good as this. Posted here for posterity in case the auctioneer drops the info.


Peter

892BTHLCCNO3263 - The text of the advertisement read as follows:

In early 2010 auctioneers Lacy Scott and Knight of Bury St Edmonds were asked to assess the estate of a Suffolk businessman who had recently passed away. Inside two barns they discovered a collection of very low mileage supercars amongst which was this very rare car. It was first registered on 29th April 1988 and used just a handful of times before it was laid up in the barn. Showing just over 700km on the odometer, this Longchamp was bought at auction on the 13th March 2010 by the current owner. Under the accumulated dust, the metallic brown paintwork proved to be immaculate and the light tan leather interior was still in its protective plastic. Having stood for so many years some recommissioning was required which included replacement of the fuel pumps, pickups and filters and a full service, the end result being a rare performance car in as new condition.

Supplied with its original V8, a MoT certificate valid until April 16th 2011, 3 sets of keys, a custom made indoor car cover, owner’s manual and newspaper clippings, this represents a unique opportunity to own what is, to our knowledge, the only ‘as-new’ DeTomaso Longchamp available since 1989.

Coys auction results

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That sure seems like a pile of money but I don't think it can be considered the new market-correct price for a Longchamp.

Where else in the world could you expect to find a Longchamp GTS in as-new condition? If I had buckets of money sitting idle, I absolutely would have bid that much, and more if needed. What an awesome car and a fantastic addition to someone's collection. The sad part is that the moment some serious miles get added to the car the value will drop, probably substantially. There lies the dichotomy of buying such a car. It's so perfect that you want to savour the experience (long forgotten or not even experienced at all by most of us) of driving a "new" DeTomaso, but then it becomes just another "used" one. Sort of like that 100 mile Pantera that is perpetually for sale, except this car is way more rare and exclusive.

Mark
Who wants a "new" Longchamp when you can have a used and abused and repaired and welded and painted Longchamp? Wink

I'm happy to see what I consider a fair value for an as new Longchamp. And I don't think this is the new price level. I would actually prefer that they stay cheap, I'm not in this for the money. And I might buy another Longchamp...
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