C-1's Resto Mods on Fire at Barrett Jackson!!! - CorvetteForum - Chevrolet Corvette Forum Discussion


C1 & C2 Corvettes General C1 Corvette & C2 Corvette Discussion, Technical Info, Performance Upgrades, Project Builds, Restorations

C-1's Resto Mods on Fire at Barrett Jackson!!!

Reply
 
 
 
Thread Tools Search this Thread
Old 01-20-2018, 07:14 PM   #1
1rad55
CF Senior Member
Thread Starter
 
1rad55's Avatar
 
Member Since: Mar 2015
Location: Wesley Chapel North Carolina
Posts: 177
Thanked 7 Times in 7 Posts
Default C-1's Resto Mods on Fire at Barrett Jackson!!!

As of this moment the top 3 car sales are all C-1 resto mods ranging from 400k to 325K.......67 427/435hp were selling for less that 150k yesterday go figure!
1rad55 is offline   Reply With Quote
Old 01-20-2018, 07:21 PM   #2
capevettes
CF Senior Member
Support Corvetteforum!
 
capevettes's Avatar
 
Member Since: Oct 2004
Location: Cape Cod Mass & Pine Island Fla
Posts: 15,364
Thanked 731 Times in 544 Posts
Corvette of the Year Finalist 2017
C2 of Month Winner 2016
C3 of Month Finalist 2015
Default

Im watching. Its ridiculous, but good TV.
capevettes is online now   Reply With Quote
Old 01-20-2018, 11:17 PM   #3
Geralds57
CF Senior Member
Support Corvetteforum!
 
Geralds57's Avatar
 
Member Since: May 2007
Location: Southern Indiana
Posts: 2,484
Thanked 163 Times in 123 Posts
Default

What’s going on? A poor little 53 only brings 290k. Restomods rule the roost today.

Last edited by Geralds57; 01-20-2018 at 11:17 PM.
Geralds57 is offline   Reply With Quote
Old 01-20-2018, 11:35 PM   #4
jet-tech
CF Senior Member
 
jet-tech's Avatar
 
Member Since: Oct 2013
Location: Grapevine TX
Posts: 272
Thanked 10 Times in 10 Posts
Default

$400,000 winning bid, Really nice looking car though
http://www.barrett-jackson.com/Event...ERTIBLE-213320
Attached Images
 

Last edited by jet-tech; 01-20-2018 at 11:40 PM.
jet-tech is online now   Reply With Quote
The Following User Says Thank You to jet-tech For This Useful Post:
Joe Inama (01-21-2018)
Old 01-20-2018, 11:52 PM   #5
mmaturo
CF Senior Member
 
mmaturo's Avatar
 
Member Since: Oct 2016
Location: Orlando FL
Posts: 143
Thanked 12 Times in 11 Posts
Default

nuts numbers on many cars. these resto mods guarantee many more vettes will go this way. Cleasr money to be made when well built and go for these numbers. Many other cars are hitting record numbers...many wealthy folks in that room that just want the cars.
mmaturo is offline   Reply With Quote
Old 01-21-2018, 12:26 AM   #6
65silververt
CF Senior Member
Support Corvetteforum!
 
65silververt's Avatar
 
Member Since: Dec 2009
Location: Pelham Alabama
Posts: 3,627
Thanked 124 Times in 78 Posts
Default

There will be 30 consigned next year and the values will go down due to the laws of supply and demand. That is what happened two years ago when there was a plethora of C1 and C2!restomods consigned.
65silververt is offline   Reply With Quote
The Following 2 Users Say Thank You to 65silververt For This Useful Post:
Frankie the Fink (01-21-2018), Joe Inama (01-21-2018)
Old 01-21-2018, 12:41 AM   #7
John Ulrich
CF Senior Member
Support Corvetteforum!
 
John Ulrich's Avatar
 
Member Since: Jun 2000
Location: Summers in MN w/C3, Scottsdale w/C7 MN-AZ
Posts: 3,068
Thanked 149 Times in 113 Posts
Default

Here's a few nice buys on "54's





Last edited by John Ulrich; 01-21-2018 at 12:45 AM.
John Ulrich is offline   Reply With Quote
Old 01-21-2018, 06:17 AM   #8
Frankie the Fink
CF Senior Member
Support Corvetteforum!
 
Frankie the Fink's Avatar
 
Member Since: Aug 2007
Location: Orlando Metro Area Florida
Posts: 38,556
Thanked 1,814 Times in 1,518 Posts
Default

Quote:
Originally Posted by 65silververt View Post
There will be 30 consigned next year and the values will go down due to the laws of supply and demand. That is what happened two years ago when there was a plethora of C1 and C2!restomods consigned.
There are already some folks this morning getting online to see what it takes to restomod their vintage Corvette...

I'm having a flashback to the Firebird "Bandit" car values from two years or so ago....
Frankie the Fink is online now   Reply With Quote
The Following User Says Thank You to Frankie the Fink For This Useful Post:
emdoller (01-21-2018)
Old 01-21-2018, 08:53 AM   #9
capevettes
CF Senior Member
Support Corvetteforum!
 
capevettes's Avatar
 
Member Since: Oct 2004
Location: Cape Cod Mass & Pine Island Fla
Posts: 15,364
Thanked 731 Times in 544 Posts
Corvette of the Year Finalist 2017
C2 of Month Winner 2016
C3 of Month Finalist 2015
Default

The resto mods with the more modern drivetrains,with LT4, LS3, LS7 motors and modern chassis are bringing strong money. Older resto mods with less modern drivetrains and motors like C4 LT1, C5 LS1 or carbeurated motors aren't as strong.
Down the road, these newer resto mods will become dated when superior drivetrains emerge and their values will also diminish.
One thing nice about an original Solid Axle or Midyear, is that it will always be the way it was made and there is a value to that.
capevettes is online now   Reply With Quote
Old 01-21-2018, 08:58 AM   #10
Frankie the Fink
CF Senior Member
Support Corvetteforum!
 
Frankie the Fink's Avatar
 
Member Since: Aug 2007
Location: Orlando Metro Area Florida
Posts: 38,556
Thanked 1,814 Times in 1,518 Posts
Default

And we're off on the restomod "price over time" wars again....(* SIGH *)
Having said that - these 1/3 million dollar prices are aberrations...

If those were everyday values, you could buy a Top Flight car for $100K, dump another $100K in the restomod work and walk off with $150K profit...

Either some shenanigans in the auction IMO -- or serious-azz testosterone poisoning...

Last edited by Frankie the Fink; 01-21-2018 at 09:01 AM.
Frankie the Fink is online now   Reply With Quote
Old 01-21-2018, 09:14 AM   #11
William Buckley
CF Senior Member
 
William Buckley's Avatar
 
Member Since: Jul 2016
Location: Hoover AL
Posts: 232
Thanked 25 Times in 15 Posts
C2 of Month Finalist 2017
C2 of Month Finalist 2016
Default

I usually watch quite a bit Barrett Jackson, but the way things are going this year for restomods that really don't deserve that kind of money vs. original cars made me sick. I turned the program off. This reminds me of the democrats valuing the DACA's more than American citizens, and it sickens me. It may be me, but some people have screwed up values.
William Buckley is offline   Reply With Quote
The Following 7 Users Say Thank You to William Buckley For This Useful Post:
65 fi (01-22-2018), az63 (01-22-2018), capevettes (01-21-2018), hedgehead (01-21-2018), Rich Yanulis (01-21-2018), solidaxel (01-23-2018), waynec (01-22-2018)
Old 01-21-2018, 09:33 AM   #12
Low Rider
CF Senior Member
Support Corvetteforum!
 
Low Rider's Avatar
 
Member Since: Jun 2003
Location: Rochester Hills Michigan
Posts: 1,777
Thanked 14 Times in 14 Posts
Default

Even though way overpriced on BJ I think a lot of people want a C1 they can actually enjoy driving and the market will stay up but not that up.
Low Rider is offline   Reply With Quote
The Following User Says Thank You to Low Rider For This Useful Post:
Beggers (01-22-2018)
Old 01-21-2018, 10:02 AM   #13
SBR
CF Senior Member
 
SBR's Avatar
 
Member Since: Jan 2001
Location: Barrington IL
Posts: 3,095
Thanked 32 Times in 31 Posts
Default

Quote:
Originally Posted by 1rad55 View Post
As of this moment the top 3 car sales are all C-1 resto mods ranging from 400k to 325K.......67 427/435hp were selling for less that 150k yesterday go figure!
Those cars were very nice and I love seeing the interest that they are generating. It's a great thing for the hobby.

The 67 435s that sold for 150 were either restamped, undocumented or had bad trim tags, poorly restored etc etc. Trust me on that. Very few of them have no issues. A real one sold for 583K last week in FLA and other lesser ones sold for in excess of 200K. I am hoping that the day will come where builders will be taking those bogus 435s and converting them into modern builds. I think that day is approaching.

Last edited by SBR; 01-21-2018 at 10:03 AM.
SBR is offline   Reply With Quote
Old 01-21-2018, 10:18 AM   #14
car junkie
CF Senior Member
 
car junkie's Avatar
 
Member Since: Jun 2017
Posts: 486
Thanked 43 Times in 35 Posts
Default

Well, it doesn't bode well for cars like that nice looking original 54 up there. Guys that do these restomod cars want excellent cars to start off with. Gone are the days when the worst cars were sought out for custom work.
car junkie is offline   Reply With Quote
Old 01-21-2018, 12:06 PM   #15
DZAUTO
CF Senior Member
 
Member Since: Mar 2001
Location: Mustang OK
Posts: 10,399
Thanked 500 Times in 287 Posts
C1 of Month Finalist 2015
Default

I know nothing------------------------and I see nothing about those TV auctions, except what I see here on the forum--------------------and I only do a QUICK once over read on those. That stuff is not my cup of tea.
Actually, I don't watch ANY of the car stuff on TV, except once in a while I'll watch a little of Jay Leno-------------until he gets into the drama crap, then it's over to John Wayne or Clint or Bogart.

Since Thanksgiving, I'm now on my 5th rebuild of an FI unit, with one more on hold. I get a HELL of a lot more entertainment out of that kind of car "stuff"!
And the A26 provides even more pleasure----------------even though it get terribly frustrating at times. The engines haven't been turned over since Sept, so yesterday I went up and turned over both engines (starter engagement only) for 30sec ea. DAMN, that is so exciting to watch those giant props spin around!!! Better than worrying about prices on a 54 Vette!



Last edited by DZAUTO; 01-21-2018 at 12:16 PM.
DZAUTO is online now   Reply With Quote
The Following User Says Thank You to DZAUTO For This Useful Post:
waynec (01-22-2018)
Old 01-21-2018, 06:11 PM   #16
emdoller
CF Senior Member
 
Member Since: Aug 2010
Location: El Dorado Hills CA
Posts: 1,027
Thanked 63 Times in 54 Posts
Default

Quote:
Originally Posted by Frankie the Fink View Post
There are already some folks this morning getting online to see what it takes to restomod their vintage Corvette...

I'm having a flashback to the Firebird "Bandit" car values from two years or so ago....
You are so right!!!!
emdoller is offline   Reply With Quote
Old 01-21-2018, 08:13 PM   #17
vjjack04
CF Senior Member
 
vjjack04's Avatar
 
Member Since: Apr 2007
Location: Hereford AZ
Posts: 728
Thanked 20 Times in 16 Posts
Default

Quote:
Originally Posted by DZAUTO View Post
I know nothing------------------------and I see nothing about those TV auctions, except what I see here on the forum--------------------and I only do a QUICK once over read on those. That stuff is not my cup of tea.
Actually, I don't watch ANY of the car stuff on TV, except once in a while I'll watch a little of Jay Leno-------------until he gets into the drama crap, then it's over to John Wayne or Clint or Bogart.

Since Thanksgiving, I'm now on my 5th rebuild of an FI unit, with one more on hold. I get a HELL of a lot more entertainment out of that kind of car "stuff"!
And the A26 provides even more pleasure----------------even though it get terribly frustrating at times. The engines haven't been turned over since Sept, so yesterday I went up and turned over both engines (starter engagement only) for 30sec ea. DAMN, that is so exciting to watch those giant props spin around!!! Better than worrying about prices on a 54 Vette!

https://www.youtube.com/watch?v=IS-kGeolcTg

https://www.youtube.com/watch?v=xEo0-0MaAsk
I missed how this is related to the topic.
vjjack04 is offline   Reply With Quote
Old 01-21-2018, 09:15 PM   #18
Chapter2
CF Senior Member
 
Chapter2's Avatar
 
Member Since: Apr 2017
Location: Bedford New York
Posts: 435
Thanked 56 Times in 51 Posts
Default

Quote:
Originally Posted by Low Rider View Post
Even though way overpriced on BJ I think a lot of people want a C1 they can actually enjoy driving and the market will stay up but not that up.
Bingo.
Chapter2 is online now   Reply With Quote
Old 01-21-2018, 10:39 PM   #19
CorvetteMikeB
CF Senior Member
 
Member Since: Dec 2017
Posts: 157
Thanked 5 Times in 5 Posts
Default

Quote:
Originally Posted by Geralds57 View Post
What’s going on? A poor little 53 only brings 290k. Restomods rule the roost today.
Options!! Options!! and even more Car Options!!! are driving the New Car Market today.

GM even applied for a car without a steering wheel for government approval. People are wanting even more in car technology...More people are wanting a modern Restro-Mod Vintage Corvette that IS NOW FUN TO DRIVE, Even the new 2018 Corvettes are loaded with options like a new Caddy and 88% now have automatic transmissions.

The new generation of classic car buyers is slowing changing more towards Restro-Mod cars and trucks.
CorvetteMikeB is offline   Reply With Quote
Old 01-21-2018, 11:04 PM   #20
DZAUTO
CF Senior Member
 
Member Since: Mar 2001
Location: Mustang OK
Posts: 10,399
Thanked 500 Times in 287 Posts
C1 of Month Finalist 2015
Default

Quote:
Originally Posted by vjjack04 View Post
I missed how this is related to the topic.
I do not watch, nor do I keep up with the TV auctions on these kinds of cars.
I have other things in life that are much more enjoyable---------------as I feebly attempted to show. Sorry for not demonstrating something more relevant. I'll delete it if you wish.
DZAUTO is online now   Reply With Quote
Go Back   CorvetteForum - Chevrolet Corvette Forum Discussion >
Reload this Page
  • C-1's Resto Mods on Fire at Barrett Jackson!!!
  •  
     
    Reply

    Related Topics
    Thread Thread Starter Forum Replies Last Post
    1962 Resto mod at Mecum Auction Mike Terry C1 & C2 Corvettes 12 09-12-2017 07:08 PM
    What happened to the older resto-mods jv04 C1 & C2 Corvettes 66 07-11-2017 10:42 AM
    WTB: 57-60 older resto-mod or 63-67 nice driver jv04 C1 & C2 Corvettes for Sale/Wanted 5 06-30-2017 04:22 AM
    The price of a Corvette Mike Terry C1 & C2 Corvettes 26 11-10-2016 10:52 AM
    Keep Original or Resto Mod It DaytonaRick C1 & C2 Corvettes 24 02-18-2016 01:17 AM


    Thread Tools Search this Thread
    Search this Thread:

    Click for Advanced Search

    Posting Rules
    You may not post new threads
    You may not post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are Off
    Pingbacks are Off
    Refbacks are Off

    Forum Jump

    Sponsored Ads
    Vendor Directory

    All times are GMT -4. The time now is 09:45 PM.


    We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
     
    • Ask a Question
      Get answers from community experts
    Question Title:
    Description:
    Your question will be posted in: