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quote:
Originally posted by adoberetreat:
Belgium Barry,

I own a GT5-S, and I am curious about the market value of these cars. I've seen some people asking big prices for the GT5-S cars. But asking price is not always the same as Selling price. Can you tell me how much you sold your GT5-S for? Thanks.

David
#9465


Is this one sold ? ... gives a realistic idea ...

http://pantera.infopop.cc/eve/...0045562/m/4711071356
Apparently he doesn't want to say how much he sold his GT5-S for. I don't know what the big secret is. After all, it just a car. It's not like I was asking him his personal income or anything. Being that there are so few GT5-S's out there, it would have been useful for the Pantera community to learn about market trends for the GT5-S; Both for potential buyers that may be interested to buy a GT5-S, and for current GT5-S owners considering selling- providing them a real market gauge as to how much they might fetch for their car. I know Peter likes to track this stuff. But oh well. I guess if he chooses to be an outlier, that's his prerogative.
quote:
Originally posted by gilles027:
Well he did tell between the lines. ;-)


did i Big Grin

look, a few Thousand $ less or more depends ofcourse condition car , and the deal, how hard the buyer wants to go or the seller wants to let go... the latest discussion where we see GT5S for sale in the 200K € region are just BS.
Perhaps within 10 years ? Smiler
quote:
Apparently he doesn't want to say how much he sold his GT5-S for. I don't know what the big secret is. After all, it just a car. It's not like I was asking him his personal income or anything. Being that there are so few GT5-S's out there, it would have been useful for the Pantera community to learn about market trends for the GT5-S; Both for potential buyers that may be interested to buy a GT5-S, and for current GT5-S owners considering selling- providing them a real market gauge as to how much they might fetch for their car. I know Peter likes to track this stuff. But oh well. I guess if he chooses to be an outlier, that's his prerogative.


Well said.
there is also something as respect for the buyers privacy....where in the world does the Detomaso family have the feeling to have the right to know everything ! If you own a GT5S , sell him ... if you want one , buy one . Then you will know.
Sorry, i tryed always to be a bit on the humour side, which is not allowed/accepted here. I have respect for the knowlegde and professionelism here, i learned alot, but it did not give me a "home" feeling. I do honestly prefer other sites with my other cars... sorry.
Your house sold price is available, new car prices, clothes, vacation prices, etc are all available.
Nobody feels they have the right to know your business. They are just asking for a better knowledge of actual selling prices of a rare car.
Helps both buyers and sellers, IMHO.
All the best.
Will
all the best to you to Will... but let me vent something : you are here so eminent present , but nowhere on the intro of my 2 latest cars , BMW CSL and Morgan GTN.... it's your full right , but doesn't give me a "friends" enviroment feeling... and i don't need congrats,congrats etc.. appreciate more a personal reaction !

Can i be more more specific to ask if the 150k GT5S is sold here ? Seems the same car to me...
I am on the fence on this one, yes it's nice to know sales prices, but that alone doesn't dictate market value.

Location, both seller and buyers motivation etc. all come into it. If Barry found someone locally who just had to have his car and that person was loaded with money he might pay well over what others consider market value.

I know of GT5S cars that sold recently for under $100K, I know of GT5S cars priced at $140-150K that have not sold.


Julian
Go follow the Ferrari market on F-chat. Prices are constantly debated, shared, and offered. Everyone that owns a collector car is interested in the market for our babies. I get tired frankly of reading what "hagerty" thinks our cars are worth and like to hear the real numbers.

sharing of data is a key to a stronger market for our cars.

Just my 2 cents, but I also respect buyer / seller confidentiality totally.
quote:
all the best to you to Will... but let me vent something : you are here so eminent present , but nowhere on the intro of my 2 latest cars , BMW CSL and Morgan GTN.... it's your full right , but doesn't give me a "friends" enviroment feeling... and i don't need congrats,congrats etc.. appreciate more a personal reaction !


Need a hug?
Poor Belgie, post changing direction. But I agree with Belgie. It's a disservice for the buyer and seller to reveal the price, as it comes back to bite whomever owns the car later. I used to think, what the hey and told people when asked what I paid for my orange car. Then later down the road went to sell it and just got all kinds of real low ball offers from Pantera owners because they knew what I had paid. Big mistake regardless of market direction.
What if we create kind of a matrix with real sales prices.
The admin hosts it, we just send data unpersonally like GT5-S sold prestine condition price $1xxk and we create our own price guide with unpersonal data.

I do understand totally that sales and buy prices are kept under the hood and this is common in europe. Not in the US of course as long as if you have trouble with money you just print another trillion or get some more credit cards.

We have another mindset in Europe (ok on the other side of Cypress and Greek at least Wink ) and I do not judge the one or the other but it just is this way.
quote:
Originally posted by George P:
I would like to thank Norbert for being as open about the sale price as he has been.

In general the buyer (new owner) is the person who has the most to loose in reporting sale prices. Out of respect for the buyer, a seller must keep the transaction confidential. None of us would expect less.


Thank you Sir !
quote:
Originally posted by 4NHOTROD:
quote:
all the best to you to Will... but let me vent something : you are here so eminent present , but nowhere on the intro of my 2 latest cars , BMW CSL and Morgan GTN.... it's your full right , but doesn't give me a "friends" enviroment feeling... and i don't need congrats,congrats etc.. appreciate more a personal reaction !


Need a hug?


every day , but not from you Razzer Big Grin
When I bought my GT5-S back in 2010 I was contacted by a nice gentleman who wanted to add my car to a registry that he created. He politely asked me if I would mind revealing what I paid for my car. He said he wanted to track market trends for this rare car. I was not compelled to answer him. But I did so willingly because I wanted to contribute to the Pantera community. Since I bought my car, from time to time I have asked questions pertaining to my vehicle. Many complete strangers have offered really good advice and suggestions, even though they were not compelled to do so. I am so grateful for this. So when I have an opportunity to reciprocate, I am happy to endure any minor inconvenience on my part for the greater good of the Pantera community...that of sharing knowledge and helping each other when we can.

George P. made a good point that the buyer's privacy should be respected. Agreed. Of course that could have been easily overcome by a response something like this "I would be happy to let you know what I sold my car for to help you track market trends on this rare vehicle, and to reciprocate for all the nice and helpful advice I have received over the years from all of you, but first I want to contact the buyer to be sure he has no objection". He was not compelled or obligated to answer like this. But that is how I would have replied if the shoe were on the other foot.

Having said that, I know that some people are funny about revealing the cost of a transaction on their car. It makes no sense to me. I often watch the Mecum Auto Auctions on TV. Every car that goes through the block has a sales amount for the entire world to see. There is no "Respect the buyer's privacy" sort of talk. Its great to track what Shelby's, GTO's, Boss 429's, and other cars are selling for. It's useful to would-be buyers and sellers alike. After all, home's are tracked that way so as to determine market trends, which is a much bigger ticket item then a car. That is a matter of public record, and it's a useful tool for would-be home buyers as well as sellers. So why not do the same for car sales?

I am sure Belgium Barry is a great guy. In no way was I suggesting he was obligated or should be compelled to reveal what he sold his car for. If he doesn't want to contribute to the greater good of sharing knowledge with his fellow Pantera enthusiasts, that is his right and I won't question that. It's a personal choice and I respect his decision. Good people can have different points of view. As for me, I paid 80k for my GT5-S back in 2010. And if I ever sell my GT5-S, I will happily tell you guys what I sold it for, as long as I get permission from the buyer and he gives me the ok. But that's just me. Nobody else needs to do so.
quote:
Originally posted by adoberetreat:
I am sure Belgium Barry is a great guy. In no way was I suggesting he was obligated or should be compelled to reveal what he sold his car for. If he doesn't want to contribute to the greater good of sharing knowledge with his fellow Pantera enthusiasts, that is his right and I won't question that. It's a personal choice and I respect his decision. Good people can have different points of view.


And I'm sure your intentions are wholly honorable as well but if you really hold all said in the above to be true, I don't think "he doesn't want to contribute to the greater good of sharing knowledge with his fellow Pantera enthusiasts" is a fair conclusion to draw merely because in this instance he chooses not to divulge the sell price of his car that occurred in a private transaction. There are many other ways to be part of the community I'm sure he has fulfilled. Most private sales are ....well...private. That's why we call them such.

As far as Mecum and BJ, etc, they're public auctions and the sellers and buyers both by definition are acknowledging and accepting the publication of sell price as part of the process........and I don't believe these entities are performing any type of community service; they're promoting their own enterprise and future potential to collect fees and profit.

Best,
K
#9376 car is certainly as real as any other GT5-S out there. It was one of the first two imported into the US and preceded the Amerisport cars (which I also consider to be "real" GT5-S since they were...). Sadly, after it left Glen's hands it bounced around a LOT. It was previously in Hawaii and returned to the mainland after an engine rebuild (or two). I don't know if the car has it's original motor but it has certainly been modified enough to scare away any purist collector. I would be quite happy to park the car in my garage, but certainly not at that price. Considering that the rather exceptional black GT5-S in MD is still (I believe) available at a similar price, the pricing for this car is, in my opinion, in the "rather optimistic" category.

Mark
"Nice looking blue 5S. Too bad for CA use, pretty much stuck with the standard stock engine."

Does200- Actually, there are ways to drive a GT5-S in California, have it legally licensed and registered, without having a stitch of smog equipment on the car. I know. I did it. I own an '88 GT5-S with a high performance Fontana engine, I live in Los Angeles, and I'm able to drive the car without any smog equipment on the car.
quote:
Originally posted by adoberetreat:
"Nice looking blue 5S. Too bad for CA use, pretty much stuck with the standard stock engine."

Does200- Actually, there are ways to drive a GT5-S in California, have it legally licensed and registered, without having a stitch of smog equipment on the car. I know. I did it. I own an '88 GT5-S with a high performance Fontana engine, I live in Los Angeles, and I'm able to drive the car without any smog equipment on the car.


Excellent! Would be good to post how it is legally done in CA so that others can benefit as well.

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