Notices
General Automotive & SUV Forum Discussion Forum For All Other Auto Makes & General Trends In The Automotive Industry.

Going once, going twice.....going...anyone? DeTomaso fails to sell at auction

  #1  
Old 07-24-2009, 09:17 PM
Jack628's Avatar
Teamspeed Pro
Thread Starter
Join Date: Oct 2008
Location: CA
Posts: 1,052
Jack628 has a reputation beyond reputeJack628 has a reputation beyond reputeJack628 has a reputation beyond reputeJack628 has a reputation beyond reputeJack628 has a reputation beyond reputeJack628 has a reputation beyond reputeJack628 has a reputation beyond reputeJack628 has a reputation beyond reputeJack628 has a reputation beyond reputeJack628 has a reputation beyond reputeJack628 has a reputation beyond repute
Post Going once, going twice.....going...anyone? DeTomaso fails to sell at auction



Italian-Argentine exotic car manufacturer DeTomaso has been in liquidation since 2004, and yesterday, the entire brand was once again on the auction block – in this case, the writing desk of Monica Rossi in Modena – for a starting bid of €1.6 million (nearly $2.3 million USD). While that's a bargain basement deal for an established nameplate with credibility, even with unfavorable dollar/euro exchange rates, no buyers were smitten enough to bite.

The price for the brand, logos, and car designs, is down from the 2008 opening bid of €1.78 million ($2.5 million). Now, as then, there were interested parties, but no bids. The DeTomaso brand is probably best known for its Pantera, powered by Ford hardware and deftly penned by Tom Tjaarda, but other beautiful and tempestuous cars were developed, like the Vallelunga, Mangusta, and the more upright Longchamp. Alejandro DeTomaso had his hands in Maserati, Moto Guzzi, Ghia – and even Chrysler
– as well as a Formula 1 venture that corralled the talents of names such as Dallara and Williams. Our guess is that we'll hear from DeTomaso again, for a lower price, and once again interest from Italy, Asia, and the Middle East will sniff around and see if the price is attractive enough to raise a paddle and take it on.
Autoblog
 
  #2  
Old 07-24-2009, 09:43 PM
.:Raul's Avatar
Teamspeed Pro
Join Date: Jan 2008
Location: Chicago, Il
Posts: 6,031
.:Raul has a reputation beyond repute.:Raul has a reputation beyond repute.:Raul has a reputation beyond repute.:Raul has a reputation beyond repute.:Raul has a reputation beyond repute.:Raul has a reputation beyond repute.:Raul has a reputation beyond repute.:Raul has a reputation beyond repute.:Raul has a reputation beyond repute.:Raul has a reputation beyond repute.:Raul has a reputation beyond repute
what? there isn't a billionaire out there that would want this as a trophy?

seems like a bargain to me
 
  #3  
Old 07-24-2009, 10:21 PM
TTM0TION's Avatar
Teamspeed Pro
Join Date: May 2008
Location: East Coast
Posts: 6,098
TTM0TION has a reputation beyond reputeTTM0TION has a reputation beyond reputeTTM0TION has a reputation beyond reputeTTM0TION has a reputation beyond reputeTTM0TION has a reputation beyond reputeTTM0TION has a reputation beyond reputeTTM0TION has a reputation beyond reputeTTM0TION has a reputation beyond reputeTTM0TION has a reputation beyond reputeTTM0TION has a reputation beyond reputeTTM0TION has a reputation beyond repute
Originally Posted by .:Raul View Post
what? there isn't a billionaire out there that would want this as a trophy?

seems like a bargain to me
I was thinking the exact same thing. I cannot believe at that price it was a hard sell...
 
  #4  
Old 07-24-2009, 10:21 PM
Alzilla's Avatar
Teamspeed Pro
Join Date: Apr 2008
Location: Minnesota
Posts: 31,976
Alzilla has a reputation beyond reputeAlzilla has a reputation beyond reputeAlzilla has a reputation beyond reputeAlzilla has a reputation beyond reputeAlzilla has a reputation beyond reputeAlzilla has a reputation beyond reputeAlzilla has a reputation beyond reputeAlzilla has a reputation beyond reputeAlzilla has a reputation beyond reputeAlzilla has a reputation beyond reputeAlzilla has a reputation beyond repute
Come on, $2.3M isn't THAT much money, is it?
 
  #5  
Old 07-28-2009, 07:47 AM
MiniRup's Avatar
Teamspeed Pro
Join Date: Nov 2008
Posts: 2,015
MiniRup has a reputation beyond reputeMiniRup has a reputation beyond reputeMiniRup has a reputation beyond reputeMiniRup has a reputation beyond reputeMiniRup has a reputation beyond reputeMiniRup has a reputation beyond reputeMiniRup has a reputation beyond reputeMiniRup has a reputation beyond reputeMiniRup has a reputation beyond reputeMiniRup has a reputation beyond reputeMiniRup has a reputation beyond repute
Well, seeing as TS is an international society of ballers, why don't we just send the hat round and buy DeTomaso ourselves? Think about it. The world's first car maker owned by an internet forum, it's the creative knowledgebased web 3.0 economy or whatever.
 
  #6  
Old 07-28-2009, 07:51 AM
strebo's Avatar
Nutcrusher
Join Date: Apr 2008
Location: Sweden
Posts: 10,272
strebo has a reputation beyond reputestrebo has a reputation beyond reputestrebo has a reputation beyond reputestrebo has a reputation beyond reputestrebo has a reputation beyond reputestrebo has a reputation beyond reputestrebo has a reputation beyond reputestrebo has a reputation beyond reputestrebo has a reputation beyond reputestrebo has a reputation beyond reputestrebo has a reputation beyond repute
^^ Guess signing the papers would be a PITA....
 
  #7  
Old 07-28-2009, 08:37 AM
neversleeps's Avatar
Teamspeed Senior Member
Join Date: Apr 2008
Posts: 739
neversleeps has a reputation beyond reputeneversleeps has a reputation beyond reputeneversleeps has a reputation beyond reputeneversleeps has a reputation beyond reputeneversleeps has a reputation beyond reputeneversleeps has a reputation beyond reputeneversleeps has a reputation beyond reputeneversleeps has a reputation beyond reputeneversleeps has a reputation beyond reputeneversleeps has a reputation beyond reputeneversleeps has a reputation beyond repute
I'm assuming the 'new' owner would have to take responsibility for any liabilities and/or servicing the existing cars?
 
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
turbotronic
991 | 997 | 996 Turbo
3
08-01-2013 03:41 AM
speedandmotion
Maserati | Alfa Romeo | General Italian
0
07-28-2010 02:46 PM

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Thread Tools
Search this Thread
Quick Reply: Going once, going twice.....going...anyone? DeTomaso fails to sell at auction


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.