WTB: 1969 Mangusta

David just recently there was one in UK listed on ebay USA , it did not reach reserve but bidding ended at 125K

I believe that was a 1970 car in pieces?

For sale in Florida;

http://www.streetsideclassics....9-de-tomaso-mangusta

Julian

Yes I have been to inspect this car. We feel the car is over priced at this time. Thank you though

Asking price is just that Asking. Looking at pics car seem rather strait, low miles, well documented. yes needs some work (seat) missing air cleaner and a few tools in the roll, maybe jack. Certainly not 100K restoration.

So what leads you to believe the car is overpriced.

I was referring to this one
http://www.ebay.com/itm/De-Tom...242782#ht_420wt_1428

Again at 125K car needs a fair amount of work. It did not meet reserve at 125K. There are many deals done after auction others use eBay as a cheap advertising. This is a reality check for the owner. The challenge in this case: the car is in the UK. Quite unusual because they have a better value there then here in America.

Although a not for the faint of heart project one should simply see some of Bobileff's Miura restorations even 10 years ago

http://www.lambomiura.com/rest01.htm

I agree, we were told that there are two partners in the car. I am sure each is looking to cash in.

I think it's a $300K car

I think if you are a serious buyer send the guy a certified cheque and a written offer. If you can be there personally (or have an agent) to examine the negotiations can be be more realistic. As I said asking is just a starting number.
Many times if have been offered crazy 5 digit offers by people I know are just fishing hoping I bite. Serious offers need to be done in a serious way.

I agree however our last standing offer was over $300K and it was shunned. The market has softened since and we believe this is due to the uncertainty of the upcoming elections.
They have the original intake and carb available for the car. My paint meter showed there is plenty of body filler in several spots and as someone pointed out the seats are shot. All in all very complete.

There are more cars (of all makes) on the market remaining unsold for longer than ever. From what I've seen, an offer over $300K is a very fair offer and the seller may later have some regrets at shunning it. Time is on your side I think. Good luck.

Mark

@ Bertocci

Just for reference, this car:

http://www.thiesen-automobile....icht29696.html?f=new

Just sold for about $315,000 us last week. It looks to have some type of rear suspension Mod that I hope someone could comment on. Also, non-original valve covers, What looks to be a non-veglia clock??

The thing on the Streetside Classics Car- I talked to the owner of the car. He didn't indicate that he had a partner. I am pretty sure you would be able to pick that car up for what you are looking to pay. I have some other info on this car that might be helpful to you if you are serious about it. If you want to PM me.

Considering the news from Germany the gold car has depreciated significantly and our offer has been withdrawn. The market has softened and may be in decline.

quote:

Originally posted by Denis C:
Asking price is just that Asking. Looking at pics car seem rather strait, low miles, well documented. yes needs some work (seat) missing air cleaner and a few tools in the roll, maybe jack. Certainly not 100K restoration.

So what leads you to believe the car is overpriced.

Seems like this car would be a fairly easy refurbishment. Paint looks really good, lots of originality, paperwork looks pretty interesting. Fair amount of incorrect stuff in the engine bay and interior a little ratty.

Low 300s seems like a good price

Just for reference, this car:

http://www.thiesen-automobile....icht29696.html?f=new>>>>>

I noticed the odd clock too and what's up with the lights or reflectors or whatever they are next to the tail lights?

Just sold for about $315,000 us last week. It looks to have some type of rear suspension Mod that I hope someone could comment on. Also, non-original valve covers, What looks to be a non-veglia clock??

Looks like backup lights next to the tail lights. I don't see a jack shaft for the alternator/compressor.

This 8MA1200, it was formerly Clyde Kwok (Aerodynamics engineer)out of Montreal. It was a ground-up restored in early 2000's. This was the 1st Mangusta to command $100K. The jackshaft effectively removed and a small alternator installed. A/C is removed. Mr Kwok's son (Hugh)was a racer so he may have tried to rework the rear frame to add rigidity (google: triposto)


As to the clock, older pics show the correct one, but they are getting expensive and hard to find so I guess someone just put another similar (incorrect) working Veglia piece in the hole.

Rear light behind grill were added first as rear fog lamps then converted to back-up lamps for Euro MOT.

PS: someone decided to add info to the normally blank VIN plate and in their great wisdom added the short VIN off the donor motor (8C833238)= 1968 289. So we know this car does not have it's original block.

Thanks for the info Dennis.

In view of this, what is your opinion on the golden one? Seems like 300-310 might be in the ballpark?

quote:

Originally posted by MattP:
In view of this, what is your opinion on the golden one? Seems like 300-310 might be in the ballpark?

Matt, you seem to have some inside knowledge on the gold car. What is YOUR opinion of its value? The Thiesen car, mods to the engine area aside, looks to be an extremely nice restoration. On that basis I would think there should be a price difference. I'd love to see these become $1 million cars so when I am ready to sell mine I can cash in big.