Did anybody else see this GT5-S on Ebay that sold for $200,000? Its kinda strange though. if you look at the bidding history, it looks like the same guy bid himself up from $125,000 to $200,000? GT5-S
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Yeah, weird. Especially if you show automatic bids, because there aren't any shown between t***t's bids. ????
I saw that and commented on the email list, possibly someone shill bidding up or to find out the reserve or a bogus/hacked eBay account, he/she only has a 2 feedback.
Why wouldn't you wait and see where the auction stalled and then go in with an offer? I wonder if these type of sales get recorded in price guides, without verifying if the sale went through?
Julian
Why wouldn't you wait and see where the auction stalled and then go in with an offer? I wonder if these type of sales get recorded in price guides, without verifying if the sale went through?
Julian
deniscCaretaker of 8MA1244 '70 Euro Mangusta DRIVE THEM, THEY WERE MEANT TO BE DRIVEN, IF YOU WANT TO LOOK AT ONE, BUY A POSTER!
The answer is simple there was a reserve on the sale price and the t**t was bidding to reach the reserve
This same car was recently on eBay with a buy-it-now price of $250,000. When I saw the price jump from $125,000 to $200,000 I thought "shill" buyer.
I almost bought this car a few years ago at $80,000.
There was a RHD GT5 S which was sold for 220.000 EURO during an Auction in UK 3 months ago. Prices are rising...
quote:Originally posted by agustaboy:
I almost bought this car a few years ago at $80,000.
A few years ago everything looks cheap.
Simon
quote:Originally posted by Denis C:
The answer is simple there was a reserve on the sale price and the t**t was bidding to reach the reserve
or t**t was the seller ... just to show off.
ONE thing we can be sure, is that the majority interest stopped at 125k. The rest is guessing.
I don't have a crystal ball, but I will not be surprised in the least to see this car re-appear in the near future with a listing note about the buyer "failing to come up with the funds" or similar. If that was a perfectly original, unmodified and low mileage car, I would still think a sale price of $200K was beyond the realm of reason. But with non-original headers, wheels, seats and a host of other changes, it falls far short (in my humble opinion) of an "investor-class" Pantera. I myself passed on this car 5 years ago when it could have been had for $65K which was then a high price. (and yes, I have a smidgen of regret)
I think once a single car sells for a staggering price, everyone ignores the specific context and thinks a new "average" has been set. The red car in England was by all accounts a truly superb example — one of a small handful of original RHD cars. Very original, immaculate, exceptionally-well maintained and well known in the Euro De Tomaso community. There were clearly at least two people who REALLY wanted THAT car and one paid well for the privilege of being the new owner.
While I'm not saying it hasn't happened yet, I personally do not know of a single other GT5-S ACTUALLY selling for more than $150K anywhere else (Pavesi Targas excepted). I follow this market very closely because there is an empty spot in my life that "needs" to be filled by a 5-S, but won't be anytime soon at these prices.
Mark
I think once a single car sells for a staggering price, everyone ignores the specific context and thinks a new "average" has been set. The red car in England was by all accounts a truly superb example — one of a small handful of original RHD cars. Very original, immaculate, exceptionally-well maintained and well known in the Euro De Tomaso community. There were clearly at least two people who REALLY wanted THAT car and one paid well for the privilege of being the new owner.
While I'm not saying it hasn't happened yet, I personally do not know of a single other GT5-S ACTUALLY selling for more than $150K anywhere else (Pavesi Targas excepted). I follow this market very closely because there is an empty spot in my life that "needs" to be filled by a 5-S, but won't be anytime soon at these prices.
Mark
Time to set the record straight. The ebay 5-S was bought by my client. Yes, he raised the auction purposely until it met the reserve. With every intention of buying the car, he flew me out there to inspect the car. I spent the day with Dennis Quella then in to Brighton, 45 minutes north. Dorsey has a decent car, driver quality with gorgeous paint & couple issues that have to be straightened out, plus no wheels, no seats, and the original parts do ~not~ go at the 200 number. As it stands now, the buyer has offered 175 with all parts, Dorsey is at 200k. The deal fell apart.
Next up, the silver 5-Steel in Orange County Ca. Advertised in HMN at 225k. This example is as close to a Perfect 5-Steel as exists. 4000 original mile car. Drop dead gorgeous, no issues what-so-ever. Nothing nothing nothing. Its a go. Time to close the deal. Ahhh...........hold up. Then... the seller bulks. Tells us to give him 'a call' around the end of the month, he'll let us know. Huh!??? Know what! Amazing. After paying a Pantera guy to fly all over the US and then this. Not fair. Heres an enthusiast with the coin in hand, having a terrible time here. Soooo... next, on to Newark to see Adams black 5-S at 7:05 in the AM. Priced at 190k, selling it to raise funds to buy a Mangusta. Wish me luck, I have a good feeling about this one. Buy it or not, theres the Mecum black 5-S in seven weeks, I'll be on stage bidding on that car, but unfortunately for the selling party, he has a horrible run time. That number is too late. I don't expect any car to break the bank at that hour. I wish him the best though, for all of our sake. Wish he'd got a prime time # with live international broadcasting so a world market could bid. At any rate, I'm off topic. Any other 5-S leads please advise. He ~will~ buy a car or two. Thanks guys.
Next up, the silver 5-Steel in Orange County Ca. Advertised in HMN at 225k. This example is as close to a Perfect 5-Steel as exists. 4000 original mile car. Drop dead gorgeous, no issues what-so-ever. Nothing nothing nothing. Its a go. Time to close the deal. Ahhh...........hold up. Then... the seller bulks. Tells us to give him 'a call' around the end of the month, he'll let us know. Huh!??? Know what! Amazing. After paying a Pantera guy to fly all over the US and then this. Not fair. Heres an enthusiast with the coin in hand, having a terrible time here. Soooo... next, on to Newark to see Adams black 5-S at 7:05 in the AM. Priced at 190k, selling it to raise funds to buy a Mangusta. Wish me luck, I have a good feeling about this one. Buy it or not, theres the Mecum black 5-S in seven weeks, I'll be on stage bidding on that car, but unfortunately for the selling party, he has a horrible run time. That number is too late. I don't expect any car to break the bank at that hour. I wish him the best though, for all of our sake. Wish he'd got a prime time # with live international broadcasting so a world market could bid. At any rate, I'm off topic. Any other 5-S leads please advise. He ~will~ buy a car or two. Thanks guys.
quote:Originally posted by Sharkey: Any other 5-S leads please advise. He ~will~ buy a car or two. Thanks guys.
Does it have to be an original 5S with factory flares applied at the factory, or bastardized Pantera built with factory 5S flares as show car instead?
quote:Originally posted by Sharkey:
Buy it or not, theres the Mecum black 5-S in seven weeks, I'll be on stage bidding on that car, but unfortunately for the selling party, he has a horrible run time. That number is too late. I don't expect any car to break the bank at that hour. I wish him the best though, for all of our sake. Wish he'd got a prime time # with live international broadcasting so a world market could bid. At any rate, I'm off topic. Any other 5-S leads please advise. He ~will~ buy a car or two. Thanks guys.
I would have thought your client would be happy with the Mecum run time, he potentially gets a better deal?
I really don't understand the few that are on this site bash the prices of GT5-S cars. Either all of you are jealous you don't have one or you really don't know the car at all.
Maybe the market is catching up to the fact that about 150 GT5-S cars were made and they are truly great cars , much different than the 6000 plus narrow body cars.
Sure personal taste comes into play as it does with any purchase, but constantly being negative is a bit much.
Why always down play the value of these cars , it really doesn't add up.
Maybe we all should be thankful these cars are not in the $25k range as they were back in the day.
Gt5-S cars were always worth more $$$$, even 5 yrs ago a nice example would bring $65-85k
We should all start to promote what great cars they are and they are all under-valued for a good example by comparison.
Maybe the market is catching up to the fact that about 150 GT5-S cars were made and they are truly great cars , much different than the 6000 plus narrow body cars.
Sure personal taste comes into play as it does with any purchase, but constantly being negative is a bit much.
Why always down play the value of these cars , it really doesn't add up.
Maybe we all should be thankful these cars are not in the $25k range as they were back in the day.
Gt5-S cars were always worth more $$$$, even 5 yrs ago a nice example would bring $65-85k
We should all start to promote what great cars they are and they are all under-valued for a good example by comparison.
Mr WPL Hello! You are certainly right regarding your comments. I thought it was just me wondering the exact same thing. Alas, the'll come around. My client is pulling the trigger on the Newark car I inspected this week belonging to Adam at 190k. The silver in Orange County is 225k firm, Freds car. Then Fred gets cold feet, says call in 10 days. The buyer is paying inspectors in good faith to pour over the car, he's ready to take the car, only for the buyer to change his mind ~after~ the inspection when it's deal time. Fred doesn't care though, he has every Shelby car from every era, mega million dollar personal collection including this silver & another [in red] GT5-S car. Next up is the maroon 5-Steel in Vegas is 210k firm, I'll be on it next weekend. It's the only DeTomaso built car of the four, super rare color, the only one unmodified, no race equipment. Imported by George Stauffer, all stock w/docs. The white I went to Brighton Colorado is 200 firm. There's four ~real world~ prices, and each and every one has cold feet, feeling GT5-S cars are way undervalued, that values will continue to rise, and at the end or the day they couldn't care less if it sells. I've found that the buyers these cars are cut from a different cloth also in a lot of cases. They are the GT-40 crowd. They know Pantera, and only want the 5-Steel. Two of the four above sellers have one or more GT-40 cars, my buyer has also. The last 5-S I sold went to Dr. Shearman, a collector and GT-40 owner. Interesting.
These discussions are very interesting to follow. I think we'll see some big variances start to appear in the pricing of Pantera's as the market becomes more aware of them for one, and for two the various types and production numbers of those types.
The GT5-S cars are low in number, normally well kept and newer builds (and of course their performance and awesome wide body stance) and in that create the perfect price storm. Something like the Ferrari 250 California being a $10 mill car when the others in that production time are "only" $2 mill cars.
The way I see it the next ones seeing "higher than average prices" will be the genuine GTS/GT3/4 (hoping I got the models right there - still learning)and Pushbuttons that are in good to excellent condition but for different reasons - production numbers again but attractive to the buyer because they're excellent "period" cars for the early 70's that are unique and different and also excellent performers. Then perhaps the Pre-L's because again the production numbers..
Then there'll be the individual cars that for whatever reason will get a way above average price for a specific role they've had in time - a special race car that's got some notoriety from certain drivers / races, Elvis' Pantera would go off the charts if it was sold..
I could be completely way off beam - but that's the way I see the Pantera market evolving into the future as they get more and more exposure.
The GT5-S cars are low in number, normally well kept and newer builds (and of course their performance and awesome wide body stance) and in that create the perfect price storm. Something like the Ferrari 250 California being a $10 mill car when the others in that production time are "only" $2 mill cars.
The way I see it the next ones seeing "higher than average prices" will be the genuine GTS/GT3/4 (hoping I got the models right there - still learning)and Pushbuttons that are in good to excellent condition but for different reasons - production numbers again but attractive to the buyer because they're excellent "period" cars for the early 70's that are unique and different and also excellent performers. Then perhaps the Pre-L's because again the production numbers..
Then there'll be the individual cars that for whatever reason will get a way above average price for a specific role they've had in time - a special race car that's got some notoriety from certain drivers / races, Elvis' Pantera would go off the charts if it was sold..
I could be completely way off beam - but that's the way I see the Pantera market evolving into the future as they get more and more exposure.
Sharkey, Look for a PM