1960 Corvette Fair Market Value?
#1
1st Gear
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1960 Corvette Fair Market Value?
Looking to buy a 1960 Corvette and would appreciate your insights regarding it’s current fair market value. The car is a Southern survivor in overall condition. Verified numbers matching drive train consisting of 283/270HP 2x4 Dual Quads, 4-speed tranny, 4.11 Posi. Original factory painted Cascade Green paint is faded and checked, however fiberglass is overall in good structural shape. I understand only 1 of 140 with the Cascade Green paint of which 75 of the 140 being solid Cascade Green with no white coves. Believed to be no-hit body with the exception of being lightly tickled around one headlight. Original Black interior, needing new dash and seat covers. Original hard top only with no convert top (framing is missing). Underbody and frame is in excellent unmolested condition. Stainless Trim is all there, just needs to be polished. Bumpers and Grille require re-chrome. Options include: Wonderbar Radio, Windshield Washers, Metallic Brakes. Original Hubcaps are flawless. Owner is looking for a reasonable offer, what do you think would be a fair offer? Thank you in advance for your insights.
#2
Safety Car
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2023 C1 of the Year Finalist - Modified
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I would say between 25-30K tops. You can sink a lot in it real quick with paint, chrome, interior, soft top frame, etc. Once you start, it's hard to stop. It never hurts to make a low offer and work your way up. Start in the low 20's and see what happens. How well do you know this guy?
#5
Racer
Sounds like a very neat car. Without pictures, you are in the low $30k range. I had 7 years into the restoration of my 59 and it still wasn't getting done. Ended up doing an even trade for a running and driving mid year.
My next C-1 will be either a fully sorted out restoration or survivor. Like everyone else already mentioned, these are not inexpensive cars to restore.
Good luck and post some pictures.
My next C-1 will be either a fully sorted out restoration or survivor. Like everyone else already mentioned, these are not inexpensive cars to restore.
Good luck and post some pictures.
#6
Le Mans Master
Good luck with what ever you choose to do. If you want it and money is no object go for it. Although it sounds like it needs everything a C1 could need. Thousands in chrome, Thousands in interior, and a paint job. Might as well over haul the motor, brakes and suspension. Probably want to change out that 4.11 while your in there. Soft top frame 2k. Only thing going for it is numbers.
#7
Le Mans Master
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2018 C1 of Year Finalist
With the 270 hp option that is a good platform to start with. The color "rarity" is irrelevant. If you do enough regression on any of these cars, especially C2s, they all look like "one offs".
My concern is if it needs a lot of work in the interior/chrome/paint area, what kind of shape is the drivetrain in? As someone mentioned, paint is going to be expensive (figure $10K minimum) and fielding a soft top frame with a new cover will run at least $3K.
My concern is if it needs a lot of work in the interior/chrome/paint area, what kind of shape is the drivetrain in? As someone mentioned, paint is going to be expensive (figure $10K minimum) and fielding a soft top frame with a new cover will run at least $3K.
Last edited by Dan Hampton; 04-06-2012 at 09:57 AM.
#8
Safety Car
I agree with the comments posted, the car needs basically all the expensive stuff done. Paint and body damage repair, $15K? New interior, $5K, complete top, $3K, chrome, $3K? etc... and you haven't even touched anything mechanical yet!
Are you specifically looking for a long term project that you'll have off the road for a few years? IMHO, If you are looking for a car that you can drive and enjoy right away, move on and spend more (short-term) on another car.
Paul
Are you specifically looking for a long term project that you'll have off the road for a few years? IMHO, If you are looking for a car that you can drive and enjoy right away, move on and spend more (short-term) on another car.
Paul
#9
Team Owner
Boy - I think these folks are a tad low (maybe more than a tad)...if I had passed on my '61 (in much the same shape as this car) I wouldn't be driving it now. Ir it's a 'runner' and mechanically sound you can drive and enjoy it while you sort out all the other issues. It'll have to be taken off the road for paint but if all else is good...you can do a 'rolling restoration' like I did. The only deal breaker to me is frame rust...ESPECIALLY check the 'kick up' areas ahead of the rear wheels (see picture). This frame was for sale at Daytona Spring Rod Run (wonder why it didn't sell?).
#10
Le Mans Master
To the OP - are you a do-it-yourselfer or a "checkbook" restorer. If you do the work yourself, new paint will run you around $1500 for materials, complete new interior less than $2000, etc. If you're the type that's pays others for you to enjoy your hobby, move on to a finished car. There are lots of them out.
Jim
Jim
#11
Safety Car
I want to shop where you shop Jim!
As per Al Knoch.
Dash Pad $399
Door panels $1209
Kick Panel Sheet metal (if kicks are good) $73
Carpet set $220
Seat Covers $349
Seat foam $498
Seat Springs Drivers side $251
Total $3019 for the absolute basics, with no labor and no extra trim pieces or paint.
Just labor to have the seats done would be $300~$500, C1 seats are not easy to do.
I also included nothing for the gauges or radio.
I'm just trying to show the OP that even if you do most of your own work, these cars suck cash at an alarming rate.
As for paint, I know you've said before that you can do a nice paint job on one for $2K, and I tip my hat to you for that if you can, but most of us have to farm it out. If you disassemble the car and strip the paint yourself, you are still in for about $10k plus any bodywork to have someone do a decent job on an old Vette.
Paul
As per Al Knoch.
Dash Pad $399
Door panels $1209
Kick Panel Sheet metal (if kicks are good) $73
Carpet set $220
Seat Covers $349
Seat foam $498
Seat Springs Drivers side $251
Total $3019 for the absolute basics, with no labor and no extra trim pieces or paint.
Just labor to have the seats done would be $300~$500, C1 seats are not easy to do.
I also included nothing for the gauges or radio.
I'm just trying to show the OP that even if you do most of your own work, these cars suck cash at an alarming rate.
As for paint, I know you've said before that you can do a nice paint job on one for $2K, and I tip my hat to you for that if you can, but most of us have to farm it out. If you disassemble the car and strip the paint yourself, you are still in for about $10k plus any bodywork to have someone do a decent job on an old Vette.
Paul
Last edited by Fawndeuce; 04-06-2012 at 12:38 PM.
#12
Le Mans Master
Paul,
Some of those prices you quoted are obscene. $500 for the foam??? Everyone else charges half that but I don't use AK products so it doesn't matter and I won't even comment on the door panel price. IMHO, CA products are not only less expensive but more accurate to the originals (plus I get a large discount). I can easily do an interior for less than $2000.
I was pointing out the prices if the OP did stuff himself. Who knows, maybe he's the type that can cross-thread a wood screw. In that case, he should buy a completed car.
The $1500 for paint is for materials only and that's top of the line stuff. The labor is what makes the paint job. Anyone can spray paint and I recommend that they do. Oh, and I don't do "nice" paint jobs. Mine are show winners.
Jim
Some of those prices you quoted are obscene. $500 for the foam??? Everyone else charges half that but I don't use AK products so it doesn't matter and I won't even comment on the door panel price. IMHO, CA products are not only less expensive but more accurate to the originals (plus I get a large discount). I can easily do an interior for less than $2000.
I was pointing out the prices if the OP did stuff himself. Who knows, maybe he's the type that can cross-thread a wood screw. In that case, he should buy a completed car.
The $1500 for paint is for materials only and that's top of the line stuff. The labor is what makes the paint job. Anyone can spray paint and I recommend that they do. Oh, and I don't do "nice" paint jobs. Mine are show winners.
Jim
#13
Team Owner
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St. Jude Donor '05
Dash Pad $399
Door panels $1209
Kick Panel Sheet metal (if kicks are good) $73
Carpet set $220
Seat Covers $349
Seat foam $498
Seat Springs Drivers side $251
Door panels $1209
Kick Panel Sheet metal (if kicks are good) $73
Carpet set $220
Seat Covers $349
Seat foam $498
Seat Springs Drivers side $251
Door panels 1209 good gawd bend me over!!