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Very true! The two Red Panteras previously sold this year at Mecum. I don't understand the logic nor the math of paying the buyers fee and then within just a few short months listing them to sell. Still cannot figure out the scenario behind the two Panteras. Maybe we will see them again in Dallas or perhaps Kissimmee?
great observation Ron!
Top money offered for black car, $170.000.
Also silver car got an offer of 115.000.
Both red cars with top offers but unsold.
Where do the sellers expect the market to be?
Just stupid not to sell it for this kind of money.
Also silver car got an offer of 115.000.
Both red cars with top offers but unsold.
Where do the sellers expect the market to be?
Just stupid not to sell it for this kind of money.
the sellers must be smoking dope not to take those offers.
I was there on Friday and had a good friend selling a couple cars. Dana Mecum told him that only 40% of the cars were selling, compared to 70% last year.
The black Pantera is a Don Byars creation and had previously sold for $200K, so I'm guessing the owner was hoping to make a profit!
I found it interesting that the high bids were on modified Pantera's whereas in past years the stock Pantera's have outperformed modified.
The blue Pantera that sold on Thursday went for $52,000 and the blue Group 4 clone on Saturday made $85,000.
Julian
The black Pantera is a Don Byars creation and had previously sold for $200K, so I'm guessing the owner was hoping to make a profit!
I found it interesting that the high bids were on modified Pantera's whereas in past years the stock Pantera's have outperformed modified.
The blue Pantera that sold on Thursday went for $52,000 and the blue Group 4 clone on Saturday made $85,000.
Julian
I find it interesting that so many cars go to auction over there, here in Australia we do not have many auction houses. maybe 1 or 2. Auctions houses for us are not the way to sell here, but it seems to work there in previous years. Why do you think the percentage of sales has fallen so dramatically there?
I recently was interested in a mercury that came up it was at an auction house, for me to bid they wanted my drivers licence,home address etc etc but also fill out 2 declaration forms , a letter from my bank, and 20% up front on my cc of what I was prepared to bid. Did I Bid , NOPe told them to stick it, car went unsold.
I recently was interested in a mercury that came up it was at an auction house, for me to bid they wanted my drivers licence,home address etc etc but also fill out 2 declaration forms , a letter from my bank, and 20% up front on my cc of what I was prepared to bid. Did I Bid , NOPe told them to stick it, car went unsold.
No, this market is going up, hold your price!
Both cars are 427's, but With no details it is hard to evaluate these cars.
Both cars are 427's, but With no details it is hard to evaluate these cars.
I am sorry to say that everyone is saying the collector car market is softening. In fact NBCSN were at Mecum filming and the presenter was talking that exact same language.
Julian
Julian
The black one (T255) belongs to a friend of mine. It went to $78K and stopped .. he had an $80K reserve. I think he took $78K and then the buyer bailed out. He's going to sell on Bring A Trailer or e-Bay. Lots of commission money going to the auctioneer.
I think that Mecum is the wrong venue for a Pantera .. too many people looking for hot rods, oldies, etc. My friend's car was on Thursday .. I think later in the auction is better to get a higher price but Mecum call the order of showing.
BTW, It's a good car.
I think that Mecum is the wrong venue for a Pantera .. too many people looking for hot rods, oldies, etc. My friend's car was on Thursday .. I think later in the auction is better to get a higher price but Mecum call the order of showing.
BTW, It's a good car.
It is not Mecum and Panteras Robbie, it is the classic car market that shows a down drift which is ok.
964 and 930 Turbos are a desaster now, losing 50% in a year. The stand like plomb.
964 and 930 Turbos are a desaster now, losing 50% in a year. The stand like plomb.
quote:Originally posted by Joules:
The black Pantera is a Don Byars creation and had previously sold for $200K, so I'm guessing the owner was hoping to make a profit!
I found it interesting that the high bids were on modified Pantera's whereas in past years the stock Pantera's have outperformed modified.
Julian
Damn, almost sold a couple of my modifieds a few months ago to a collector but kind of glad I held on. It's nice to see prices doing good for both stock and modifieds, as both types have their place depending on buyers desires. Auctions (especially Barrett Jackson no reserve) typically suck for Pantera sellers but if you need money fast, it is what it is.
quote:
Originally posted by DOES 200:
... Auctions (especially Barrett Jackson no reserve) typically suck ...
The "auctioneers" are nothing more than used car salesmen. Please think about that for a moment, let it sink in. It kinda changes your perspective ... and expectations. I've dealt with them behind the scenes, and they've taken me when they had their chance. Their morals, like the morals of any used car salesman, are not to be trusted. The public auctions are heightened emotional venues for the auctioneers to reap profits above what a car may be truly worth. The sale prices of these public auctions cannot be trusted to represent the true value of a collectible automobile, and should not be quoted during private negotiations.
The folks who sell their cars at these auctions are speculators. They hope to make "above market value" even after the auctioneers take their cut. I don't recommend public auctions where one person is bidding openly against another. If you must bid on an auctioned car, I would hope the bids are private, in which each bid is concealed. The best way to buy a car is for two well meaning people to get together privately and hash-out a price that is acceptable to both of them. Unfortunately we seldom hear about those prices, but that's just the way it is. The value of a used car is based on supply, demand, condition ... and the amount of time the seller is willing to wait for the right buyer.
-G
George, I agree although I have never dealt with the auctions to sell. All sellers get is a few minutes of an auctioneer trying to talk about their car on stage, and you don't even get a chance to drive it. The no reserve auctions especially are scary, as I still recall years ago a nice white group 4 I went to see at the annual Palm Springs auction where the car bid close to $60K and didn't meet reserve; then a few months later I saw the owner and the car at OC Barrett Jackson where it went for about $22K "no reserve"...ouch! But what the hey, he got his cash right away without having to deal with numerous tire kickers. "No reserve" to me is just like Vegas for the seller, roll the dice.
Good points George,
I find the on-line Bring-a-Trailer auctions interesting because you can see the buyers asking questions, the sellers answering, and others offering opinions from the sidelines. Current owners often offer opinions of what they see in the cars for sale.
I find the on-line Bring-a-Trailer auctions interesting because you can see the buyers asking questions, the sellers answering, and others offering opinions from the sidelines. Current owners often offer opinions of what they see in the cars for sale.
The auction was on in my shop the other night when one of the Pantera's was going across.
I learned a lot from the Mecum Auctioneers! Did you know that:
Each of the Pantera's came with different electrical systems and everyone has to replace the whole electrical system to get them to work.
They all over heat so in order to make one run you have to completely revamp the entire cooling system on any of the cars to make them drive.
Also, up until the last year or two, almost all Pantera's were original expect fixing the electrical and cooling system. The last year or two is the first time people began to restomod these cars! Since they never ran anyway it's a good option!
The Mecum announcers are the most uneducated group of car guys I have ever seen and it's this way with ALL MAKES!
I can't watch the auction with the volume up!
I learned a lot from the Mecum Auctioneers! Did you know that:
Each of the Pantera's came with different electrical systems and everyone has to replace the whole electrical system to get them to work.
They all over heat so in order to make one run you have to completely revamp the entire cooling system on any of the cars to make them drive.
Also, up until the last year or two, almost all Pantera's were original expect fixing the electrical and cooling system. The last year or two is the first time people began to restomod these cars! Since they never ran anyway it's a good option!
The Mecum announcers are the most uneducated group of car guys I have ever seen and it's this way with ALL MAKES!
I can't watch the auction with the volume up!
quote:Originally posted by comp2:
The auction was on in my shop the other night when one of the Pantera's was going across.
I learned a lot from the Mecum Auctioneers! Did you know that:
Each of the Pantera's came with different electrical systems and everyone has to replace the whole electrical system to get them to work.
They all over heat so in order to make one run you have to completely revamp the entire cooling system on any of the cars to make them drive.
Also, up until the last year or two, almost all Pantera's were original expect fixing the electrical and cooling system. The last year or two is the first time people began to restomod these cars! Since they never ran anyway it's a good option!
The Mecum announcers are the most uneducated group of car guys I have ever seen and it's this way with ALL MAKES!
I can't watch the auction with the volume up!
No wonder reserves aren't met. I suppose if you are bidding and really know your stuff you would just laugh and bid, but if you don't know any better such comments would just scare you away. I thought they get commission, no? Wouldn't better representation result in higher sale and better commission? WTF, would realtors talk down property?
My brother builds the engines used in this.
http://bangshift.com/bangshift...12-650000-price-tag/
When it was sold at Mecum the announcer went on and on how it was 2 v6's welded together. These guys are an embarrassment to the car world.
A lot like the guy Christianson on Pinks all out. Never opened up the hood of a car till he produced the show. The furthest thing from a gear head. On one show he hops on a motorcycle to be cool and get the "sscoop" at the other end of the track...and crashes just trying to ride a small motorcycle! Lol...what a joke! Suprised he didn't start the races by waving his bra!
http://bangshift.com/bangshift...12-650000-price-tag/
When it was sold at Mecum the announcer went on and on how it was 2 v6's welded together. These guys are an embarrassment to the car world.
A lot like the guy Christianson on Pinks all out. Never opened up the hood of a car till he produced the show. The furthest thing from a gear head. On one show he hops on a motorcycle to be cool and get the "sscoop" at the other end of the track...and crashes just trying to ride a small motorcycle! Lol...what a joke! Suprised he didn't start the races by waving his bra!
OMG "waving his bra" that is so funny I can't stop laughing. I saw that episode it was pathetic.