Lack of C1 C2 Restomods at Auctions
07-26-2016, 10:30 PM
#21
Racer
Thread Starter
Just look at how long of a run the original small block had. I predict a similar run for the LS
07-27-2016, 06:08 AM
#22
Team Owner
What's funny is the spectators; some go straight to the LS-powered car and ogle them; ignoring mine. Other folks are exactly the opposite and after looking at my original cars; they sidle up to me and say under their breath, "...those other guys have ruined those cars!" And the beat goes on...
07-27-2016, 08:03 AM
#23
Drifting
Isn't this just a case of supply and demand? When I go looking at vette's on the net all I see now are dealers where even 3 years ago private seller's out numbered dealers. And what do dealers want, the highest priced cars with the largest profit margin they can find. Maybe they have filled the demand for the moment? Will the restomod market get going again, if you can predict that you should do more predicting and be a rich man!
Steve
Steve
07-27-2016, 08:08 AM
#24
Drifting
Yes. I drive my original '61 and '63 to Old Town several Saturdays a month. I graciously let those restomod guys park nearby....mostly because one of 'em gives me a free beer
What's funny is the spectators; some go straight to the LS-powered car and ogle them; ignoring mine. Other folks are exactly the opposite and after looking at my original cars; they sidle up to me and say under their breath, "...those other guys have ruined those cars!" And the beat goes on...
What's funny is the spectators; some go straight to the LS-powered car and ogle them; ignoring mine. Other folks are exactly the opposite and after looking at my original cars; they sidle up to me and say under their breath, "...those other guys have ruined those cars!" And the beat goes on...
Mark
07-27-2016, 09:04 AM
#25
Safety Car
Resto-Mods are here and they will always be here. The serious question though is the marketability and value of a Resto Mod in the next decade. I know most of the Resto Mod people have no interest in the value of the car they just built. That's fine. Enjoy it. Let your kids sell it. I have no problem with that.
The thing that drives value in the collector car market it provenance. Certain cars have it. Most don't. Will a Resto Mod ever be considered valuable because of who built it? Maybe? We just don't know. We do know that a George Barris Corvette has a special place in history. Perhaps the same thing will happen with a Chip Foose Corvette.
Keep in mind that the value question is totally separate from whether or not I like the car. It's impossible to accurately predict future values for most cars. I know a Grand Sport will always be worth millions. That's a definite. The worn out '62 base engine Corvette? Who knows? A '62 Corvette with an LS motor? That's a really hard call.
Richard Newton
Is Your Car Really Original?
The thing that drives value in the collector car market it provenance. Certain cars have it. Most don't. Will a Resto Mod ever be considered valuable because of who built it? Maybe? We just don't know. We do know that a George Barris Corvette has a special place in history. Perhaps the same thing will happen with a Chip Foose Corvette.
Keep in mind that the value question is totally separate from whether or not I like the car. It's impossible to accurately predict future values for most cars. I know a Grand Sport will always be worth millions. That's a definite. The worn out '62 base engine Corvette? Who knows? A '62 Corvette with an LS motor? That's a really hard call.
Richard Newton
Is Your Car Really Original?
07-27-2016, 09:21 AM
#26
Race Director
Member Since: Jun 2006
Location: Inverness FL
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St. Jude Donor '07
Originally Posted by rfn026
Is Your Car Really Original?
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and it's not a restomod.
Bill
Last edited by wmf62; 07-27-2016 at 09:23 AM.
07-27-2016, 09:42 AM
#27
Melting Slicks
07-28-2016, 07:12 AM
#29
Burning Brakes
Just looking at auction data for upcoming Mecum events shows that there are only 23 Corvettes currently assigned to auction this summer. Of the 23, there is one true RestoMod and 2 to 3 modified with the rest being original.
As someone previously stated, let's see what happens next year at Scottsdale (BJ) and Mecum Orlando where the RestoMods typically congregate for auction.
Here is the link for the 1962 Restomod coming for for auction soon:
https://www.mecum.com/lots/LS0916-25...tte-resto-mod/
As someone previously stated, let's see what happens next year at Scottsdale (BJ) and Mecum Orlando where the RestoMods typically congregate for auction.
Here is the link for the 1962 Restomod coming for for auction soon:
https://www.mecum.com/lots/LS0916-25...tte-resto-mod/
07-28-2016, 07:39 AM
#30
Team Owner
Just looking at auction data for upcoming Mecum events shows that there are only 23 Corvettes currently assigned to auction this summer. Of the 23, there is one true RestoMod and 2 to 3 modified with the rest being original.
As someone previously stated, let's see what happens next year at Scottsdale (BJ) and Mecum Orlando where the RestoMods typically congregate for auction.
Here is the link for the 1962 Restomod coming for for auction soon:
https://www.mecum.com/lots/LS0916-25...tte-resto-mod/
As someone previously stated, let's see what happens next year at Scottsdale (BJ) and Mecum Orlando where the RestoMods typically congregate for auction.
Here is the link for the 1962 Restomod coming for for auction soon:
https://www.mecum.com/lots/LS0916-25...tte-resto-mod/
07-28-2016, 08:18 AM
#32
Melting Slicks
In April a local build 62 restromod with a LSA engine that was over the top showed up at a nearby cruise.
Not sure how to load picture directly from Flickr but the link will get your there.
https://www.flickr.com/photos/daddy_...etaken-public/
Not sure how to load picture directly from Flickr but the link will get your there.
https://www.flickr.com/photos/daddy_...etaken-public/
07-28-2016, 01:07 PM
#33
Drifting
Just looking at auction data for upcoming Mecum events shows that there are only 23 Corvettes currently assigned to auction this summer. Of the 23, there is one true RestoMod and 2 to 3 modified with the rest being original.
As someone previously stated, let's see what happens next year at Scottsdale (BJ) and Mecum Orlando where the RestoMods typically congregate for auction.
Here is the link for the 1962 Restomod coming for for auction soon:
https://www.mecum.com/lots/LS0916-25...tte-resto-mod/
As someone previously stated, let's see what happens next year at Scottsdale (BJ) and Mecum Orlando where the RestoMods typically congregate for auction.
Here is the link for the 1962 Restomod coming for for auction soon:
https://www.mecum.com/lots/LS0916-25...tte-resto-mod/
Mark
07-28-2016, 02:47 PM
#35
I bet a restomod built today will still have significant value in 10-15 years, needing only an engine swap to update it. I say this because I can't foresee significant chassis improvements in the next few years. Most of these restomods have C4 rear suspensions because C5 and later rears require significant body mods. So I think our technology is tapped out as to how much we can improve these 50 - 60 year old rides, at least from a chassis standpoint. Especially if the C8 turns out to be the long awaited mid-engine supercar.
I suppose someone will build a self-driving automated restomod for a future SEMA show, but what fun would that be?
I suppose someone will build a self-driving automated restomod for a future SEMA show, but what fun would that be?
07-28-2016, 03:34 PM
#36
Melting Slicks
I bet a restomod built today will still have significant value in 10-15 years, needing only an engine swap to update it. I say this because I can't foresee significant chassis improvements in the next few years. Most of these restomods have C4 rear suspensions because C5 and later rears require significant body mods. So I think our technology is tapped out as to how much we can improve these 50 - 60 year old rides, at least from a chassis standpoint. Especially if the C8 turns out to be the long awaited mid-engine supercar.
I suppose someone will build a self-driving automated restomod for a future SEMA show, but what fun would that be?
I suppose someone will build a self-driving automated restomod for a future SEMA show, but what fun would that be?
07-28-2016, 06:29 PM
#37
Racer
Thread Starter
It's the latest build from Jeff Hayes from Indiana. A 63 Split window that was a no sale at Mecum earlier this year is going to be at Auburn IN auction this Labor Day.
07-29-2016, 09:50 AM
#38
Le Mans Master
Member Since: May 2000
Location: Halifax, Nova Scotia, Canada NS
Posts: 5,932
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This always comes up and I always use the example of the '62 Mike Coletta built for a mutual friend. The car is 'long in the tooth' by restomod standards, done about 10 years ago I think, and has one engine upgrade to an LS-3. It is a show stopping stunner. The burgundy looking car (actually Patriot Red) second from the right.
People lean on my original '61 and original '63 split window to take pictures of it after all these years.
Am I happy about it when that happens? Hell no, its just the way it is. The owner gets offers to buy it regularly.
So much for restomod 'staying power'...
As a comparison, my stock '61 which I just sold took over 6 months to get anywhere close to the price it would have brought 3 years ago and it took an overseas buyer to get that number. That market has softened big time...
I agree with the assessment that less cars are being built on spec and more for specific customers and they're keeping them; as in the case of this '62; it ain't going anywhere....
People lean on my original '61 and original '63 split window to take pictures of it after all these years.
Am I happy about it when that happens? Hell no, its just the way it is. The owner gets offers to buy it regularly.
So much for restomod 'staying power'...
As a comparison, my stock '61 which I just sold took over 6 months to get anywhere close to the price it would have brought 3 years ago and it took an overseas buyer to get that number. That market has softened big time...
I agree with the assessment that less cars are being built on spec and more for specific customers and they're keeping them; as in the case of this '62; it ain't going anywhere....
07-29-2016, 10:42 AM
#39
Team Owner
No. Mike Coletta built it so he might have some.
I won't take any more than I have because I hate the car so much
Once the owner parks it beside my originals I may as well have an AMC Gremlin with three different colors of primer on it...
The car is age, gender, race, creed, national origin and sexual orientation neutral too. EVERYbody loves it..
IIRC it was Mike Coletta's first restomod (or one of the first anyway) and 15 years later its still a jaw-dropping babe magnet. And the owner doesn't baby it either. I've been behind him leaving Old Town and if he opens it up the four tail lights quickly disappear down the long, straight, dark route 192.
So much for restomod 'staying power'...
I won't take any more than I have because I hate the car so much
Once the owner parks it beside my originals I may as well have an AMC Gremlin with three different colors of primer on it...
The car is age, gender, race, creed, national origin and sexual orientation neutral too. EVERYbody loves it..IIRC it was Mike Coletta's first restomod (or one of the first anyway) and 15 years later its still a jaw-dropping babe magnet. And the owner doesn't baby it either. I've been behind him leaving Old Town and if he opens it up the four tail lights quickly disappear down the long, straight, dark route 192.
So much for restomod 'staying power'...
Last edited by Frankie the Fink; 07-29-2016 at 10:47 AM.
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