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Haven't been able to follow the market on C2s (convertibles only) since before the crash (laid off once, changed jobs twice). Now that my indusry is stable, I can start looking again.
Interested in what the following price brackets should be able to buy (year, engine options, matching engine, condition):
$35k
$50k
$75k
Looked at the ad section, doesn't look like much is selling, so have no idea if the ask prices are accurate, or there is no money out there purchasing toys.
The market is starting to come up but there are still good deals to be found.
35K......driver condition, minor mechanical work and moderate cosmetic works to be done.
50K......Nicely restored cars, maybe not show ready, but beautiful.
75K........Same as 50K but with rarer motors like big blocks and FI
The above is just my opinion but I have seen all of these types sell in the last year with original engines and very nice bodies and frames. The reason cars dont seem to sell is 95% of sellers think their car is super rare and worth Barret Jackson money. Good cars for good prices sell fast as there are always buyers for these.
It's really hard to put price brackets on these cars. Probably the best chance you have is going to one of the big auctions (bloomington gold coming up) and watching what rolls across the block or look at the history on their web sites. Even though auction prices seem mostly on the high side, its the fastest way to see and compare multiple cars in the flesh.
There are cars available at all price points, all kinds of colorful combinations of good and bad modifications and restorations. If you want something very specific, you might overpay just because it will be a long time before another one comes up.... there are so many variables.
I recently bought a very original 327/300 PS PB PW 64 convertible for 35k if that helps. Decent documentation (original CA title showing owners name and original black plates that came with the car), only issue was one respray not done that well.
This is a good point. There are many people on this forum that know the market well, but to help narrow things a little list off a couple of things that are important to you.
1) Driver, very nice driver or show car ?
2) Engine, transmission, A/C and other options
3) Specific year models ?
4) Correctness/originality
A lot of the above add up to a decision of investment vs enjoyment.
Ditch the price categories for the time being. Study the top ten websites where these cars are for sale and you will begin to develop a sense of what can be had for what kind of money. It is as simple as that.
Ditch the price categories for the time being. Study the top ten websites where these cars are for sale and you will begin to develop a sense of what can be had for what kind of money. It is as simple as that.
What, there are 9 sites other than Pro-Team?
The problem with looking at ask prices on sites is you don't know how realistic they are. Was hoping guys here knew of actual sales prices, first hand or heresay.
The only reason I mentioned categories is that there are other choices in play.
This is a good point. There are many people on this forum that know the market well, but to help narrow things a little list off a couple of things that are important to you.
1) Driver, very nice driver or show car ?
2) Engine, transmission, A/C and other options
3) Specific year models ?
4) Correctness/originality
A lot of the above add up to a decision of investment vs enjoyment.
Good questions, I want to see how things are out there. For $35k, I'm sure I settle for an any year NOM driver car that needs stuff. Was hoping at the $50k level you could get a matching number 65-66 that needs stuff. At $75k, have no idea what I could get.
Good questions, I want to see how things are out there. For $35k, I'm sure I settle for an any year NOM driver car that needs stuff. Was hoping at the $50k level you could get a matching number 65-66 that needs stuff. At $75k, have no idea what I could get.
That was a wide range for a question like that. 75 will buy a very nice Corvette. If NOM is OK and correct numbers are not a high priority the possibilities are numerous.
The problem with looking at ask prices on sites is you don't know how realistic they are. Was hoping guys here knew of actual sales prices, first hand or heresay.
The only reason I mentioned categories is that there are other choices in play.
As a general rule, assume a 10% discount to the asking price. Kick out the outliers where the price variance of the car doesn't fit the observed pattern. It really isn't that difficult.
Color matters, too. Theres a numbers matching SB '65 in this area for mid+ 30's, roadster, good condtion... but its green with green int and white top. Owner cant give it away, and a couple of us have considered it real hard but finally said no because of the difficulty in selling those colors.
On the flip side, the red or black bumps are very real.
Anybody believe the Collector Car Market prices for 1964 and 1966 models posted above are relevant? The best info is go to several auctions and watch bidding on actual cars.
Anybody believe the Collector Car Market prices for 1964 and 1966 models posted above are relevant?
Yes, I imagine its based on actual sales statistics and probably more accurate than the guy that watches Mecum on tv twice a year. But it doesn't appear this way and here is why I think it is.
I bet there are a *lot* more #2 and #1 65-7 (+SWC) cars around, especially those that are for sale. Because they are considered more "desirable" I bet they are statistically a higher quality car and receive more than their share of restorations.
I bought 2 64's. Both cars are nice enough to drive, but nobody saw value in restoring them. So in our minds we probably think the later models jump in price but in reality they are probably just cars with more money in them.
- 427/425 HP big block car
- Strong rebuilt big block (NOM)
- Fully restored to NCRS specifications
- Painted original Ermine White with Red interior
- Reproduction knock off wheels ..."
Is a NOM considered " ... Fully restored to NCRS specifications"?
Anybody believe the Collector Car Market prices for 1964 and 1966 models posted above are relevant? The best info is go to several auctions and watch bidding on actual cars.
Do not believe them for a second. I know what they are going for around here.
I just purchased a numbers matching '65 with 22K miles for $38.6K.
4Spd
327/350
Hard and soft tops
original KO knock offs
New gas tank/lines
New brake lines
Needs some interior work (dash pads), weather stripping, tires and some crackes around the wheel well openings fixed. The motor starts but does not want to idle. I'm looking foward to working on something that has a screw to adjust the idle.
I think that it was a fair price. After everything is fixed up I guess I'll have about 50-55K into it.
I agree with the comment that the auction houses probably do see a fair number of #2 and #1 superb examples that command the upper level money. With that as a benchmark, I am sure many driver level cars are being marked up in value even though they may not be deserving of the inflated amount. But - it if we agree to pay for it......
Also - the pricing from the guides DO NOT include the mark ups for BB, power options or rare combinations - which does greatly increase their values.