Brucebodyman

I can tell you from experience you can speculate and make money. Typicality the money you make covers your labor. Which in my case is fine. I'd rather build on spec and build it the way I want rather than deal with customer..

65silververt

How does Jeff Hayes always get almost exactly the same amount for every 63 or 67 Coupe restomod that he sells at Mecum? Money laundering?

65silververt

Some do, but only those that actually know what they are doing and can afford to sit on the cars for a while if they don't sell right away.
People who have shops build cars for them thinking they are going to turn a profit or those who build a semi-restomod with a stock frame that they spent a fortune updating, lose big.
It took me 6 months to sell the split window restomod in my avatar. I'm still sitting on my 67 convertible restomod, which I thought would sell fairly quickly considering the color combo, roadster shop chassis, and custom 427LSX engine with over 600hp. I should have consigned the 67 for Mecum Kissimmee, but I thought it would sell quicker. You just never know and how some people are willing to gamble at Barrett-Jackson when they have well over $100K and 1000-2000 hours invested in a car is beyond me.

I thought I was going to throw up on the stage when I sold a car I had $35K in at barrett jackson back in 2009. It stalled at $20K, but eventually sold for $54K. It was a personal car and I was so nervous once it hit the block that I started hyperventilating to the point my hands and face went numb. Good times!

Brucebodyman

If you notice. His cars either bring what he wants or they don't sell on the block. His theory is to not diminish his brand. Typically if one of his cars doesn't sell on block it sells later that day or next day.

mike coletta

Out.

mike coletta

dcaggiani

NICE one Mike !!!

Brucebodyman

The well built ones are always gonna bring the right money. Weather you knowingly did it or not you've built a brand. Your builds are always first rate so when one comes up for sale your "brand" is recognized. Buyers for the most part are smart enough to recognize a car with the right parts and build quality.

ricks327

As an inexperienced restomod Corvette person, it appears to me to be a crapshoot if the car will be a good financial investment. With that being said, I’m not suggesting that Corvettes should be viewed as a financial investment but that most stock/original Corvettes have a more predictable dollar value than a restomod Corvette. Certainly that depends on level of materials used on the restomod but what be a better investment, an documented correct car or a questionable quality restomod? Will the restomod hold it’s sales value, if maintained correctly, better than a properly maintained correct restored Corvette?
Once again, I don’t have bone to pick here, just looking for opinions. If I hit the lottery, I will be having a black/red 67 restomod convertible built.

68hemi

To me they are like street rods and you should build them for yourself because you may look for a long time for a buyer that has the same taste

Frankie the Fink

I love how some continue to predict the plummeting value of top-shelf restomods a few years after they are built and it persists in not happening.

car junkie

You do see what must have been high dollar builds selling for a fraction of their original investment costs quite frequently. I suppose it comes down to what your definition of a restmod is. The on air staff at BJ auctions points this out on a regular basis.

restomod
restoring a car with updated and or custom conponets
convevering a clasic car from drum to disk brakes

Frankie the Fink

That's an editorial statement with generalities....not specific examples...

I'm also waiting...

car junkie

Watch the auction.

This is a trivial issue, I'm not motivated to produce evidence for things I care almost nothing about. If you don't believe it, OK by me.

Frankie the Fink

Well then I don't care enough to argue the issue...I can name 1/2 dozen cars that have maintained their value over the years....

The 62 mentioned above is one, a car Jeff Beck recently purchased is another, I know of a silver split window whose value has done nothing but climb and so on, and so on. I have no dog in this fight BTW, my car is as original as I can make it...

champs65

"Custom" choppers too, if that's your thing.

car junkie

I thought it was understood we are talking in generalities, not specific Corvettes or other cars with noteworthy provenance. These cars are exceptions, not indicative of modified cars and trucks on the whole.

Joe Inama

Thinking about selling mine

MikeM

Is this a great hobby or what?

GTOguy

The white '63 SWC is a beauty.....the flamed orange '62 for a quarter million is butt ugly and I wouldn't trade it straight across for my well-worn '61 that I paid about many, many, many times less for.