That is very interesting news Dave. I have heard of/seen reports of "green shoots" in other areas of commerce also.
Best of luck to you and hopefully we will wiggle our way out of this recession ASAP.
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Thanks Kerry. Interest started first with European customers and now U.S. based. Although it is still a buyer's market in some ways, really nice cars have held their value.
The approaching BJ Auction may set a good/bad tone for collector cars in general and hopefully any Panteras auctioned off won't take the usual bath, although the Tjaarda Pantera set a high water mark last year. If you would like to email me directly, my email is pantera@pim.net. Thanks again, Dave
The approaching BJ Auction may set a good/bad tone for collector cars in general and hopefully any Panteras auctioned off won't take the usual bath, although the Tjaarda Pantera set a high water mark last year. If you would like to email me directly, my email is pantera@pim.net. Thanks again, Dave
None of the Panteras I've seen at auction, BJ and others, have done well?
Why is that?
Why is that?
I think the reason that Panteras do not do so well at auction is because of a couple of things.
People with $$$ do not want project cars -- they want a car you can jump in and drive and put little, if any, money into them. That is just how it is at an auction and if there are obvious things that need to be done, they are discounted like you would not believe. So some of the problem is the condition of the car when it is being sold.
The other "downside" to selling a Pantera at auction is they are really not valued like the Mustangs are. Not many people are aware of the support the cars have, let alone what they even are. As such, they are undervalued -- I am sure that all of us have heard that description of our cars at one time or another.
Both of these could be helped by an owner that wants to sell a Pantera at auction by being there. I mean you have to be there to sell your car, answer questions, and for God sakes, prepare your car to sell in saleable condition. Ratty looking carpeting and dried out door seals are not going to cut it..... Again, an auction buyer is buying a car at auction not for a project car, but one that is already done. What do they say on the block sometimes ".... delivery is today...." If the bottom feeders are there, trust me, they are not going to pay much with a car with needs. The bottom feeders are only looking for deals, and a car with needs fits that mold every time.
Which goes to my reason for owning one of these cars. I do not care about the market -- I have one because I like it; I like it a lot and no one is going to tell me what I can or should be purchasing for a collector car. I think that these cars are way undervalued for what they are. They have a great story, and there are a lot of Panteras out there that have been properly sorted out. So to say that every Pantera is a $20,000 car that has needs is not true either. But again, it takes at least two bidders to get a price to escalate, and that has been the trouble with Panteras at auction, there is always that other person that is not there to bid on it......
Sad, but true.
Mark
People with $$$ do not want project cars -- they want a car you can jump in and drive and put little, if any, money into them. That is just how it is at an auction and if there are obvious things that need to be done, they are discounted like you would not believe. So some of the problem is the condition of the car when it is being sold.
The other "downside" to selling a Pantera at auction is they are really not valued like the Mustangs are. Not many people are aware of the support the cars have, let alone what they even are. As such, they are undervalued -- I am sure that all of us have heard that description of our cars at one time or another.
Both of these could be helped by an owner that wants to sell a Pantera at auction by being there. I mean you have to be there to sell your car, answer questions, and for God sakes, prepare your car to sell in saleable condition. Ratty looking carpeting and dried out door seals are not going to cut it..... Again, an auction buyer is buying a car at auction not for a project car, but one that is already done. What do they say on the block sometimes ".... delivery is today...." If the bottom feeders are there, trust me, they are not going to pay much with a car with needs. The bottom feeders are only looking for deals, and a car with needs fits that mold every time.
Which goes to my reason for owning one of these cars. I do not care about the market -- I have one because I like it; I like it a lot and no one is going to tell me what I can or should be purchasing for a collector car. I think that these cars are way undervalued for what they are. They have a great story, and there are a lot of Panteras out there that have been properly sorted out. So to say that every Pantera is a $20,000 car that has needs is not true either. But again, it takes at least two bidders to get a price to escalate, and that has been the trouble with Panteras at auction, there is always that other person that is not there to bid on it......
Sad, but true.
Mark
Well said Mark. Another problem with auctions is that they seem to run the Panteras through at the worst possible times. You just aren't going to get top dollar if your car goes across the block on Wednesday at 10 a.m. If you can run a no-excuses Pantera through the auction at "Prime-Time" (Friday or Saturday evening) when the audience is all liquored up, your chances of getting a more correct price are enhanced. It costs more to get one of these coveted times and most are spoken for months in advance at the BJ Scottsdale Auction.
I once saw a nice Pantera at auction that was drawing some strong bids when suddenly the auctioneer threw the gavel (short-gavel) while people were still making or considering higher bids. The owner was furious.
It would also be more helpful if the auctioneer was more knowledgeable about the Pantera and could create more excitement by describing the car's attributes.
In any event, as true enthusiasts like Mark, market prices won't entirely diminish our enjoyment of these special cars.
I once saw a nice Pantera at auction that was drawing some strong bids when suddenly the auctioneer threw the gavel (short-gavel) while people were still making or considering higher bids. The owner was furious.
It would also be more helpful if the auctioneer was more knowledgeable about the Pantera and could create more excitement by describing the car's attributes.
In any event, as true enthusiasts like Mark, market prices won't entirely diminish our enjoyment of these special cars.
quote:Originally posted by Whiplash:
Another problem with auctions is that they seem to run the Panteras through at the worst possible times. You just aren't going to get top dollar if your car goes across the block on Wednesday at 10 a.m. If you can run a no-excuses Pantera through the auction at "Prime-Time" (Friday or Saturday evening) when the audience is all liquored up, your chances of getting a more correct price are enhanced. It costs more to get one of these coveted times and most are spoken for months in advance at the BJ Scottsdale Auction.
There are now 5 Cats going through Russo and Steele at what seems, for most of them, a half way decent auction time. Also, Russo and Steele has a reserve, so that should prevent some shady antics on the part of the auctioneer.
http://www.russoandsteele.com/...antera&submit=Search
Wish I had enough time to get mine down there.
Looks like it might be a good place to sell a
sideoiler Pantera?
Looks like it might be a good place to sell a
sideoiler Pantera?
I hope that those five Panteras at the Russo auction were not damaged in the debacle they had there in the high wind. A circus tent or two came loose from its moorings and damaged some cars. I also heard that the powers that be secured the area keeping owners out and they couldn't protect their cars. Some cars were convertibles that had their tops down in the elements. The news story can be found on this link:News Story
Chuck Favour, Hagerty Insurance vice president of claims, said his company has insured about 125 of the cars at Russo and Steele.
After viewing the auction site from the Loop 101, he estimated that as many as half the 600 cars on the lot were damaged with dents and scratches from tent poles and debris.
50-50 chance no Panteras were damaged...
What a sad situation for all who consigned their vehicle.
After viewing the auction site from the Loop 101, he estimated that as many as half the 600 cars on the lot were damaged with dents and scratches from tent poles and debris.
50-50 chance no Panteras were damaged...
What a sad situation for all who consigned their vehicle.
quote:Originally posted by fourdoorbronko:
Wish I had enough time to get mine down there.
Looks like it might be a good place to sell a
sideoiler Pantera?
Never mind.......
That just makes you sick looking at all those cars damaged.
quote:Never mind.......
That just makes you sick looking at all those cars damaged.
1972 427 Pantera. WOOT!
What is a "woot"?
quote:Originally posted by four walling:
What is a "woot"?
It's like a woohoo.... with less control.
I referred someone to PI Motorsports a few weeks ago to sell a Pantera. They had to get the motor back in it, so I don't know if they have contacted you yet. I have my fingers crossed that they do.
R.
R.