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Too bad about the value of Corvette Restomods ?

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Old 01-16-2018, 09:28 PM   #1
dcaggiani
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Default Too bad about the value of Corvette Restomods ?

Yup - must be just a trend and then the values just dwindle to nothing I guess

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Old 01-16-2018, 09:46 PM   #2
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You can ask anything you want for anything you are selling. It would be interesting to see what they sell for. By the way, I have a bridge for sale. PM me if interested.
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Old 01-16-2018, 09:57 PM   #3
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Quote:
Originally Posted by dcaggiani View Post
Yup - must be just a trend and then the values just dwindle to nothing I guess

That silver 67 is a Jeff Hayes build. If I remember right it sold at a Mecum auction a year or so ago for around 180k. Last time I saw him I asked why it went so cheap compared to his other builds. Said it was just as nice as any of the '63's but it wasn't a 63.
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Old 01-16-2018, 10:09 PM   #4
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Out of the thousands of cars for sale I can also pick out 3 original non-restored going for that kind of money....
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Old 01-16-2018, 10:52 PM   #5
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The best thing to be is the second owner of a resto mod..way cheaper to buy one done than pay a pro to build one.
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Old 01-17-2018, 08:18 AM   #6
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Quote:
Originally Posted by Brucebodyman View Post
That silver 67 is a Jeff Hayes build. If I remember right it sold at a Mecum auction a year or so ago for around 180k. Last time I saw him I asked why it went so cheap compared to his other builds. Said it was just as nice as any of the '63's but it wasn't a 63.
We certainly have divergent definitions of 'cheap'
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Old 01-17-2018, 08:21 AM   #7
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The best thing to be is the second owner of a resto mod..way cheaper to buy one done than pay a pro to build one.
Errr...not if you get the right pro...

If things are orchestrated well on the donor car purchase, selection of builder and buying of the restomod parts...you can pay to have one built and still be in the black. Not by much in some cases, but in the black just the same...
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Old 01-17-2018, 08:46 AM   #8
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Listing prices mean nothing, it's the sales price that counts. Most of these cars are guys just trying to turn the car over for a quick buck. You can ask what ever you want, but ultimately what it's worth is what someone else is willing to pay for it.
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Old 01-17-2018, 09:34 AM   #9
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So - look at the sales track record then...

The cars go in the $125K-$275K range all day long....well done examples are typically in the $135K to $150K range... split windows seem to have a 'special' status as noted above and bring at the upper end of the range. The last restomod I have personal knowledge of is a 63 convertible that sold well into the range cited almost before it was finished.

I'm not talking about piecemeal cars with Jim Meyers front ends, ZZ-4 engines and Flaming River steering columns on original frames.

Nothing against those, but for these purposes, I mean top-of-the-line rides with completely modern suspension/electronics/chassis/soft parts/etc done to a high standard with well integrated components.

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Old 01-17-2018, 10:04 AM   #10
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I'm thinking that last car is going to be really hard to sell for anything close to the build cost. Chopped windshield, probably doesn't even have a top. Not a universally accepted vision of good taste overall. Tough sell by any measure. You would need to find some rich guy buying on a whim. Barrett Jackson with liquored up buyers would probably be the best place. Glad I don't have to worry about it.
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Old 01-17-2018, 11:39 AM   #11
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In general I think the prices are UP regarding Quality Resto Mod Builds.
As ALWAYS it only takes one person....

What's crazy to me is people follow a car, then and only then purchase the car at AUCTION paying 20% more for the exact car...

Ebay is a tool, used to get thousands of eyes on your build from ALL over the world....Just a tool.
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Old 01-17-2018, 12:06 PM   #12
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OP has a beautiful resto mod but seems to be having an argument with himself? Didn't see anyone saying resto mod prices were falling other then his headlines!! A very small market so hard to say what prices are doing. Also consider the each car and the quality and parts of the build which can impact pricing on each individual resto mod.
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Old 01-17-2018, 02:44 PM   #14
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Question? Do most of the shops/individuals that build the cars on speculation make a profit? Plus, do they recover their labor rate?
Also, is there any knowledge how long they take to sell if not going to auction with a no reserve?
Love the restomods, I could never afford one though.
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Old 01-17-2018, 02:50 PM   #15
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Quote:
Originally Posted by ricks327 View Post
Question? Do most of the shops/individuals that build the cars on speculation make a profit? Plus, do they recover their labor rate?
Also, is there any knowledge how long they take to sell if not going to auction with a no reserve?
Love the restomods, I could never afford one though.
They must be making money or else why would you do it, for the love of the build? I can think of a hell of a lot more things I'd rather be doing for enjoyment if no profit was to be made.
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Old 01-17-2018, 03:13 PM   #16
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I'd love to be the third owner of a restomod that sold originally for $275k...those are the $85k-125k ones for sale now. Saw it all day long at the B-J auction at Mohegan Sun last fall.
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Old 01-17-2018, 03:17 PM   #17
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Quote:
Originally Posted by John BX NY View Post
I'd love to be the third owner of a restomod that sold originally for $275k...those are the $85k-125k ones for sale now. Saw it all day long at the B-J auction at Mohegan Sun last fall.
For every guy that makes money on the build there's usually a couple or more down the road that lose money.
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Old 01-17-2018, 04:40 PM   #18
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Quote:
Originally Posted by John BX NY View Post
I'd love to be the third owner of a restomod that sold originally for $275k...those are the $85k-125k ones for sale now. Saw it all day long at the B-J auction at Mohegan Sun last fall.
I agree. Many of these cars are built with 'flavor of the month' flair that becomes dated fairly quickly, lowering the price. A lot of the builders change their own style every few years to keep up with current popular trends. An outdated restomod, otherwise well done, could be purchased on the cheap and updated with trendy new wheels and trim and you'd be all set. Keeping up with the Jones's AND saving money.
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Old 01-17-2018, 04:56 PM   #19
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My pal’s 62 restomod built a dozen years ago with one motor upgrade and an interior refreshment 3 years ago would go in the $150k on its worst day.
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Old 01-17-2018, 05:07 PM   #20
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Quote:
Originally Posted by GTOguy View Post
I agree. Many of these cars are built with 'flavor of the month' flair that becomes dated fairly quickly, lowering the price. A lot of the builders change their own style every few years to keep up with current popular trends. An outdated restomod, otherwise well done, could be purchased on the cheap and updated with trendy new wheels and trim and you'd be all set. Keeping up with the Jones's AND saving money.
I said basically the same thing a few month ago and was chastised for it and told "oh no, that is not the case."
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