[TPR] Racing Pantera value - market study

[Mad Dog Antenucci]

Thats the million dollar question and even in this world recession there are 
still folks out there with MONEY to spend on anything that meets their 
fancy......the reality though seems to be that this is a buyers market that may 
not recover for a few years but I tend to think in terms of the glass being half 
full rather then half empty so I I will say BUYERS will come back when they feel 
better about the economy/jobs/investments......some really smart guys here in 
California (how smart could they really be?;-)......................said they 
expected at least 2 more years before any significantt improvement is made in 
jobs in America....I am home now for holiday and I am still hearing from allot 
of folks going through lean times.....don't look for the logic....I am probably 
wrong but I think it really doesn't matter in the case of a red headed step 
child like the Pantera if it is REAL or NOT real.......if you got a buyer with 
cash it doesn't matter....which brings us back to its really a good time to buy 
cars, motorcycles, boats and homes! ;-)>
 
Mad Dawg Antenucci 
Team Pantera Racing 
The 1st & still the only vintage race team in open road racing 
www.teampanteraracing.com




________________________________
From: Patrick Hals <patrickhals at gmail.com>
To: tpr at teampanteraracing.com
Sent: Wed, December 8, 2010 1:44:25 PM
Subject: [TPR] Racing Pantera value - market study

What is the value of a good reliable quick racing Pantera ?
For the moment, in Europe, you have several VERY interesting race Panteras 
for sale, but NONE SELLS...
Why is that ?
Several REAL factory GR4's are announced between 200.000 euros and 390.000 
euros. ( VIN's 2343, 2344, 2873 and possibly one other in Germany )
A replica ( original GR3, VIN 5855 ) is announced 298.000 £ . This car raced 
LMC this year, and was the ONLY one to finish. Another one ( 1189) belonging 
to Jean Grazziani in Corsica ( priced reduced at 185.000 euros ) doesn't 
find a buyer either, however it is a superb very very quick car that I 
inspected myself at Le Mans Classic 2008.
A Danish Pantera L based GR4 is announced 145.000 euros, and is a damn quick 
car ! Winning several races, a.o in Spa and Germany.
The "mouth watering" Michael Erlich GR3 - GR5 car ( not even a REAL GR3 car 
! ) that we all saw on Youtube in Spa Francorchamps, is announced 370.000 
euros  ( and it's not even a real factory GR.3 )
http://www.youtube.com/watch?v=9-GiX7DxBBs
It took me more than 18 months to find a suitable buyer for my Andy Warhol 
prestigious factory GR4 car ( winning the 1000 km of Monza in 1972, a.o) . 
The car never raced after me ( best Pantera at LMC 2006, 21st overall, best 
Pantera lap)
I also forget real GR3 cars, ( not talking about " claimed" Gr3 cars) , like 
the real grey VIN 1070 of Eric Moskovicz, original condition throughout at 
150.000 euros, fully restored Gerard Marcy's VIN 5006 Bang & Olufsen at 
260.000 euros ( ! but she looks like a brand new car with patina, amazing 
resto, the best I've seen and tested) and all the fake "real" and others. 
Stephane Poux has been desperately trying to sell his GR3 ( converted Gr4 ) 
VIN 7490  for the last five years or so ( but his price is more than an 
original GR4...) and the car never ever saw a track ( apart from YouTube)
In the States, there is factory GR4 2824, a beautiful and extremely quick 
car, belonging to Dick Lasselle, and VIN 001 ( group 5 - group C , belonging 
to Dave Adler and his associate) . Those cars are not finding a buyer , and 
they've been offered for sale for a long time !.
What would be the value of the Kleinpeter's wreck ( you can only keep the 
VIN plate ) or, on the other opposite, apparently immaculate and pampered 
Dennis Quella tube car, or Greg Esakoffs ( my favourite " bestial" tube 
cars ) ...
Are we all dreaming ? ( up or down, willing to buy the best rarest Gr 4 
factory car  for nothing, or selling "tributes" for the price of a real car. 
Are there any " young" buyers, or only nostalgics of the 70's.
In Europe, building a GR4 replica will cost more or less say, 100.000 euros, 
this is not peanuts, but it ain't much for a car like that. And it will keep 
its value. ( not like modern cars)... It doesn't necessarily means the car 
will be quick, ... lots of promises and not hold ( I've experienced that 
unfortunately ) . Should we start building replicas ( like I do for one of 
my sons ) or "invest" in the real stuff ( that might be slower than the 
replica )
How come GT40's are easily reaching 1.000.000 to 1.500.0000 euros, while 
there are more than 100 original race cars ( 13 original Pantera GR4's in 
existence today) And let's talk about Porsche, or Ferrari, where price is 
skyrocketing ( while the performances , compared to a Pantera, are so-so?)
Poor marketing, bad reputations ( gragility, overheating, gearbox??? we all 
know it ain't true, but the others don't )
I ask you, the Gurus... What is the real value ? or, alternatively, what 
should we do to get our cars priced right ( or more) ?  To me today, owning 
a pantera is just like playing the lottery... whatever you buy. But, at the 
end of the day, the FUN is IMMENSE.
There are so few people who know that ( or who tend to forget it ) ! and 
yet, to me, it was the FIRST element that came into consideration : FUN !
I BCC some friends who, I know, will have an interesting point of view, ( 
that I will copy if they allow me) however they are not part of the present 
list ( sorry for them...)
Pat 

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