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'68 427 Convertible pricing

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Old 02-17-2017, 04:27 PM
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joeinbcs
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Default '68 427 Convertible pricing

I'm considering a '68 convertible that was restored in 2010 or so, then auctioned at BJ for $41K in 2012.
It has a non-numbers matching drive train, but good cosmetics and new (incorrect) leather seats. Attractive colors of silver/red.
71K miles on the clock.
Its an L36 with automatic transmission...
I've found Hagarty values to be unrealistic...and other pricing guides do not account for non-numbers matching cars...
Can anybody advise me on a general price point for this car?
Thanks, Joe
Old 02-17-2017, 04:50 PM
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Easy Mike
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What is the seller asking? The B-J selling price is probably not applicable these days.
Old 02-17-2017, 04:53 PM
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Originally Posted by Easy Mike
What is the seller asking? The B-J selling price is probably not applicable these days.
Seller is asking $37,500.00
Old 02-17-2017, 04:57 PM
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I just spoke with the selling dealer. Car, along with a '70 Camaro were traded for a new Z06 by the guy who bought it at BJ...apparently a collector with many cars in a large temp controlled warehouse. He says the paint is 8 or 9 out of 10. Everything works, but, of course, its a different engine than it was born with...most of the pricing guides have an average value of around $50K...is this a deal if its really nice?
Old 02-17-2017, 05:01 PM
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Seems a bit on the high side for NOM, but might be worth taking a look.

Good luck.
Old 02-17-2017, 05:02 PM
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Alan 71
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Hi Joe,
On the surface that seems like an interesting price.
It's really difficult though to make anything but a guess as to the car's actual value based on the very limited information you've included in your post.
What's the rust situation on the car?
How much of the remainder of the parts that made it a 68 427 automatic convertible are still there?
Regards,
Alan
Old 02-17-2017, 05:07 PM
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The dealer doesn't have that kind of detailed information.
I found this on the Corvette C3 Registry:
Frame-Off restoration two years ago, silver with red interior. 427/390, automatic, new paint, interior, motor, transmission and rear end. Rally wheels, BFG tires, new exhaust. Everything works great, drives like a dream, very nice car. This is from 2012, before the guy who just traded it bought it.
Old 02-17-2017, 05:25 PM
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Here's a link to the dealer website with some pics:
http://www.johnholtcadillacok.com/Ve...-OK/2880389233
Old 02-17-2017, 05:30 PM
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Hi Joe,
Just recently there was a thread about "just what does "Frame Off Restoration" mean".
The consensus seemed to be that it could describe just about any level of skill, any amount of completeness, and any amount of attention to detail.
Seeing some photos of the exterior, engine bay, interior, and chassis would begin to clarify things.
Regards,
Alan
Old 02-17-2017, 05:32 PM
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Thanks, Alan. Please see the link to dealer website with pics above. Joe
Old 02-17-2017, 05:35 PM
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Some of the switchgear and fittings on the interior do not seem to have benefited from restoration...LOL
Old 02-17-2017, 05:43 PM
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Hi J,
Sorry! I didn't see the link.
The car looks nice cosmetically in the photos.
I think it's worth checking into it further.
I'd certainly ask for chassis photos… both front and rear and from each side.
Do we have any idea what engine is in the car?
Are you close enough that you can make a trip?
Regards,
Alan

Last edited by Alan 71; 02-17-2017 at 05:50 PM.
Old 02-17-2017, 05:48 PM
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Only thing I know is that its a 427/390 horse that is not the original (also an L36), "new" at restoration sometime around 2010.
Old 02-17-2017, 05:51 PM
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You might get more info. regarding the motor such as numbers that might let an informed 68' collector help you decode the current motor?
Old 02-17-2017, 05:51 PM
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Be nice to see the windshield frame where the vin is and some frame pics
Nice color combination . 68 is a tricky year. Looks nice .
Old 02-17-2017, 05:54 PM
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Originally Posted by joeinbcs
I'm considering a '68 convertible that was restored in 2010 or so, then auctioned at BJ for $41K in 2012.
It has a non-numbers matching drive train, but good cosmetics and new (incorrect) leather seats. Attractive colors of silver/red.
71K miles on the clock.
Its an L36 with automatic transmission...
I've found Hagarty values to be unrealistic...and other pricing guides do not account for non-numbers matching cars...
Can anybody advise me on a general price point for this car?
Thanks, Joe
Review last BJ auction C3s took big hit
Resto mods brought the money
Old 02-17-2017, 05:55 PM
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Hi Joe,
I don't know how far you want to push the dealer.
I'd ask to see the engine block's casting number and casting date and also the engine's stamp pad which may or may not help identify what the engine is.
This dealer may not be used to doing that but it's the first thing that many 68-72 Corvette buyers want to see.
It would be good to know what's in there even though it's not the original.
Do you get any sense that the dealer is at all familiar with Corvettes?
Regards,
Alan

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Old 02-17-2017, 06:01 PM
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joeinbcs
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He's a Cadillac dealer, admittedly not a car guy.
doesnt know these cars.
Old 02-17-2017, 06:04 PM
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Alan 71
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Hi joe,
How familiar with 68-72 cars are you?
How far are you from this dealer?
Regards,
Alan
Old 02-17-2017, 06:28 PM
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joeinbcs
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I had a '64 for a while, but I'm not really familiar with C3's.


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