Too bad about the value of Corvette Restomods ?
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02-01-2018, 10:24 PM
Safety Car
Member Since: Feb 2007
Location: Northern California CA
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Man.....I just see a lot of great looking cars!
Hot Rod, Street Machine, Custom, Resto-mods, Old School, Modified...etc. They ALL have a place on here, and I'm certainly not going to dispute what is what.
All I can say is that there's some awfully talented people on this site, and I for one am thankful that most individuals are willing to share their expertise and talent here.
Fortunately, I still feel the excitement and privilege to get in one of my cars and take it down the road!
I took the Miracle Men (Twin 4 year old Grandsons), for a ride in our '55 Nomad. Far from stock as it has the 427/435 tri-power unit backed up with a 5 speed Richmond.
Their statement was; "This is like a real dragster Umpa"! Wow....this is super fast! And of course they always want a ride in the '62 Corvette as well.
That is what's important to me. They're going to grow up around my cars regardless of what they're called, and they will definitely remember these times as will I.
They now know what an early Corvette is, what a Nomad is, what a Jeep is, tractor, quad, and soon will know that the white Corvette is the first year of the Stingray! I'll bet they have over 300 hot wheels cars! LOL!
Life's short...no sense on wasting it on negative discussions.
Pat
Hot Rod, Street Machine, Custom, Resto-mods, Old School, Modified...etc. They ALL have a place on here, and I'm certainly not going to dispute what is what.
All I can say is that there's some awfully talented people on this site, and I for one am thankful that most individuals are willing to share their expertise and talent here.
Fortunately, I still feel the excitement and privilege to get in one of my cars and take it down the road!
I took the Miracle Men (Twin 4 year old Grandsons), for a ride in our '55 Nomad. Far from stock as it has the 427/435 tri-power unit backed up with a 5 speed Richmond.
Their statement was; "This is like a real dragster Umpa"! Wow....this is super fast! And of course they always want a ride in the '62 Corvette as well.
That is what's important to me. They're going to grow up around my cars regardless of what they're called, and they will definitely remember these times as will I.
They now know what an early Corvette is, what a Nomad is, what a Jeep is, tractor, quad, and soon will know that the white Corvette is the first year of the Stingray! I'll bet they have over 300 hot wheels cars! LOL!
Life's short...no sense on wasting it on negative discussions.
Pat
01-16-2018, 08:57 PM
#3
Racer
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.
01-17-2018, 07:18 AM
#6
Team Owner
01-17-2018, 07:21 AM
#7
Team Owner
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...
01-17-2018, 07:46 AM
#8
Melting Slicks
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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Joe Inama (01-18-2018)
01-17-2018, 08:34 AM
#9
Team Owner
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.
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.
Last edited by Frankie the Fink; 01-17-2018 at 08:39 AM.
01-17-2018, 09:04 AM
#10
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.
01-17-2018, 10:39 AM
#11
Racer
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.
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.
01-17-2018, 11:06 AM
#12
Burning Brakes
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.
01-17-2018, 11:26 AM
#13
Le Mans Master
Original cars values are dwindling 
https://www.mecum.com/lots/FL0118-31...orvette-coupe/
https://www.mecum.com/lots/FL0118-31...orvette-coupe/
https://www.mecum.com/lots/FL0118-31...rvette-z06n03/
https://www.mecum.com/lots/FL0118-31...rvette-z06n03/
https://www.mecum.com/lots/FL0118-32...rvette-z06n03/
https://www.mecum.com/lots/FL0118-31...orvette-coupe/
https://www.mecum.com/lots/FL0118-31...orvette-coupe/
https://www.mecum.com/lots/FL0118-31...rvette-z06n03/
https://www.mecum.com/lots/FL0118-31...rvette-z06n03/
https://www.mecum.com/lots/FL0118-32...rvette-z06n03/
01-17-2018, 01:44 PM
#14
Race Director
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.
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.
01-17-2018, 01:50 PM
#15
Melting Slicks
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.
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.
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.
01-17-2018, 02:13 PM
#16
Drifting
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.
01-17-2018, 03:40 PM
#18
Race Director
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biggd (01-17-2018)
01-17-2018, 03:56 PM
#19
Team Owner
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.
01-17-2018, 04:07 PM
#20
Race Director
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C1 of Year Finalist (performance mods) 2019
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.
