Restomod Auction Values
#1
Drifting
Thread Starter
Restomod Auction Values
Of the top selling Corvettes , 11 including Jeff Gordon's Z-06 and an original L-88 , 9 were restomods averaging nearly 300,000 each. I think it mentioned $277,000 if I remember correctly . An owner of a low mileage original museum piece unless deemed an experimental prototype can only think about a comparable value. A focus with investors that have driven prices in the past has a clear shift. An original body, vin plate and title will soon be the " bones " of many recreated classic Corvettes . Not every owner is in step with this style. One can bet a huge percentage of lower priced project or driver condition examples will be snapped up, stored and transitioned. Soon a driver condition will compete with restored examples separated in value by small margins. As the unneeded parts enter the sales market it is good news for the preferred original owner group that cling to factory specifications. I was always under the impression it was better to have a half dozen project / driver condition vettes than one pristine example of the C-1 & 2 era. The spread of interest and opinions makes this hobby fascinating as a new generation of owners contemplate their perspective .
Popular Reply
02-16-2019, 10:51 AM
Safety Car
Here is my take on the whole thing. In 20 years it's not going to make a hill of beans difference. All of us 70ish folks will be gone, or in a home, not remembering if we ate breakfast. Gas stations will be like the 45 RPM record. Fossil fuel use will require a permit, and batteries will be the "power source" for transportation.
I'm gonna do what I want to do while I'm here, and could give a "****" about what the bankers or snowflakes think. Drive on!!
As to what somebody does or doesn't do with their car................ "not my monkey, not my circus"
I'm gonna do what I want to do while I'm here, and could give a "****" about what the bankers or snowflakes think. Drive on!!
As to what somebody does or doesn't do with their car................ "not my monkey, not my circus"
#3
Team Owner
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St. Jude Donor '05
I doubt there will be a new younger following for these cars. They are too old, expensive and have no appeal vs the new stuff thats out. Were dinosaurs....
Remember the model T, billet mobile 32 ford craze in the 80s? Noone wants them, the musclecar days are over....or reborn so to speak.
What kid thats driven an SS Camaro, SRT Challenger would drive one of these and be blown away?
Remember the model T, billet mobile 32 ford craze in the 80s? Noone wants them, the musclecar days are over....or reborn so to speak.
What kid thats driven an SS Camaro, SRT Challenger would drive one of these and be blown away?
#4
Team Owner
I don’t know where it’s going. Working folks can buy a gently used 400+ hp modern car for 1/3 the price of a restomod. There will always be a market for them, but how broad it remains is all speculation.
#5
Safety Car
I don't care what mine will be worth! Many here will say I don't like those wheels, I can't stand LS engines, why did you ruin it with a 4L640E, there's already too many silver cars, and on and on. All I want is it finished where I can drive it the rest of my days. Then the grandkids can sort out what to do with it. I only lack a few thing$$$$$$$.
#6
Drifting
Thread Starter
I don't believe it will be huge numbers . Just as some spend thousands for perfection of factory condition paying judges for written documentation. It will be part of the hobby that appeals to the banker version of investors . It was interesting to note a partial recreation so to speak had this kind of support from buyers at high auction values. The throw back designs ( Camaro, Challenger, Mustang ) of the sixties haven't won the market as well as the manufacturers planned. Without the auction hype considerably less will be sold on the open market at a near three hundred thousand dollar figure. It just surprised me while reading the report.
#7
Pro
I continue to believe the rest-o-mod craze is no different than the street rod craze of the past. Just as then, the day your car was finished it was outdated because the next build was better more modern. Just as then with very few exceptions the most the car was ever worth was just before the last check was written. Sure a few break the bank with the first retail sale, but that’s the exception rather than the norm and repeat sales prove that for the majority with each change of hands they go down in value.
Will we ever see the rise in value, of original, street rod, custom, rest-o-mod vehicles in the future that we have seen in the original classics of yesteryear. If I knew that answer I wouldn’t be spending Saturday morning on a forum I’d be in Fiji with my toes in the sand listening to the ocean.
Will we ever see the rise in value, of original, street rod, custom, rest-o-mod vehicles in the future that we have seen in the original classics of yesteryear. If I knew that answer I wouldn’t be spending Saturday morning on a forum I’d be in Fiji with my toes in the sand listening to the ocean.
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#8
Safety Car
Here is my take on the whole thing. In 20 years it's not going to make a hill of beans difference. All of us 70ish folks will be gone, or in a home, not remembering if we ate breakfast. Gas stations will be like the 45 RPM record. Fossil fuel use will require a permit, and batteries will be the "power source" for transportation.
I'm gonna do what I want to do while I'm here, and could give a "****" about what the bankers or snowflakes think. Drive on!!
As to what somebody does or doesn't do with their car................ "not my monkey, not my circus"
I'm gonna do what I want to do while I'm here, and could give a "****" about what the bankers or snowflakes think. Drive on!!
As to what somebody does or doesn't do with their car................ "not my monkey, not my circus"
Last edited by mike coletta; 02-16-2019 at 10:53 AM.
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Corvettes by George (02-19-2019),
and 11 others liked this post.
#9
Team Owner
Here is my take on the whole thing. In 20 years it's not going to make a hill of beans difference. All of us 70ish folks will be gone, or in a home, not remembering if we ate breakfast. Gas stations will be like the 45 RPM record. Fossil fuel use will require a permit, and batteries will be the "power source" for transportation.
I'm gonna do what I want to do while I'm here, and could give a "****" about what the bankers or snowflakes think. Drive on!!
As to what somebody does or doesn't do with their car................ "not my monkey, not my circus"
I'm gonna do what I want to do while I'm here, and could give a "****" about what the bankers or snowflakes think. Drive on!!
As to what somebody does or doesn't do with their car................ "not my monkey, not my circus"
A permit will will be needed to drive anything yourself and no insurance company will touch you.
Drive the anout snot out of them now!
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#11
Administrator
Member Since: Jul 2000
Location: About 1100 miles from where I call home. Blue lives matter.
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The throw back designs ( Camaro, Challenger, Mustang ) of the sixties haven't won the market as well as the manufacturers planned. Without the auction hype considerably less will be sold on the open market at a near three hundred thousand dollar figure. It just surprised me while reading the report.
https://www.hagerty.com/articles-vid...dge-challenger
“The 1970–74 Challenger sold just over 165,000 cars. Since 2008, Dodge has put about 450,000 modern-era, LX-based Challengers on the road, with roughly half of those having Hemi V-8s.” (As of May, 2018)
The retro cars introduced into the market have been undeniably a spectacular success.
Also, anyone have an average out the door cost to build a restomod that sells for $300k?
Last edited by vettebuyer6369; 02-16-2019 at 11:57 AM.
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#12
Pro
Here is my take on the whole thing. In 20 years it's not going to make a hill of beans difference. All of us 70ish folks will be gone, or in a home, not remembering if we ate breakfast. Gas stations will be like the 45 RPM record. Fossil fuel use will require a permit, and batteries will be the "power source" for transportation.
I'm gonna do what I want to do while I'm here, and could give a "****" about what the bankers or snowflakes think. Drive on!!
As to what somebody does or doesn't do with their car................ "not my monkey, not my circus"
I'm gonna do what I want to do while I'm here, and could give a "****" about what the bankers or snowflakes think. Drive on!!
As to what somebody does or doesn't do with their car................ "not my monkey, not my circus"
Last edited by rsinor; 02-16-2019 at 01:15 PM.
#13
Instructor
I continue to believe the rest-o-mod craze is no different than the street rod craze of the past. Just as then, the day your car was finished it was outdated because the next build was better more modern. Just as then with very few exceptions the most the car was ever worth was just before the last check was written. Sure a few break the bank with the first retail sale, but that’s the exception rather than the norm and repeat sales prove that for the majority with each change of hands they go down in value.
Will we ever see the rise in value, of original, street rod, custom, rest-o-mod vehicles in the future that we have seen in the original classics of yesteryear. If I knew that answer I wouldn’t be spending Saturday morning on a forum I’d be in Fiji with my toes in the sand listening to the ocean.
Will we ever see the rise in value, of original, street rod, custom, rest-o-mod vehicles in the future that we have seen in the original classics of yesteryear. If I knew that answer I wouldn’t be spending Saturday morning on a forum I’d be in Fiji with my toes in the sand listening to the ocean.
PS - I just booked a trip to Fiji last week with my family over two Saturdays to put my toes in the sand and listen to the ocean!
#14
Race Director
I wouldn't have ever bought it, but i love the car; I am now its care taker..
Doug
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#15
Pro
ALL the various comments of "DOOM" & GLOOM" ....Only Electric Cars....Classic Muscle Cars values are as endangered as the Amur Leopard...ad nauseam
Reminds me of a Famous Mark Twain quote...."The rumors of my death have been greatly exaggerated?" .....Mark
Reminds me of a Famous Mark Twain quote...."The rumors of my death have been greatly exaggerated?" .....Mark
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#16
Melting Slicks
I don't care what mine will be worth! Many here will say I don't like those wheels, I can't stand LS engines, why did you ruin it with a 4L640E, there's already too many silver cars, and on and on. All I want is it finished where I can drive it the rest of my days. Then the grandkids can sort out what to do with it. I only lack a few thing$$$$$$$.
You don't have to put 19/20" wheels on a Restomod. Wheels/tire size is your choice.
Car below has 17" wheels on on. But what it has for rear tire size is 27.75" dia tire on rear (stock C2 dia is 27 1/2" inches) doing this fills the wheel well like stock tires/wheels. On front use smaller dia tires, 26 1/2 in dia on front to get what call stance, low, lower front tall rear, rather than doing it with suspension. I give up 1.20" of tread with, that unless you get down on the ground to look under car to see that, an only if you know tires, even the the average Joe thinks they are wide meat....LOL
Now the below car has 19" fronts and 20" rears. Same base tire dia as the above car. Again I give up 1.20" of tire width, to get a taller tire that fill the wheel unlike using stock C6/C7 tire sizes.
Width loss to get tires that fill the wheel like stock one. For me, that helps mitigate some of the Rubber Band Tire Dia. look.
C6 tires and wheels, same car. Notice the difference in Rubber Band look you get by giving up tire width to get a tire tire that fills the wheel well like stock tires. Also rear of 1/4 panel had not been widen, as stock bumper fits. Will have to weld-in 2 3/4" section of another bumper to get rear tire coverage I want to make wide tires look like they belong on car as well as for aerodynamic look I'm after.
Now I'm older than most of you as I'm 75 yrs old. But at 75, my thinking is more like the younger generation. I could care less about what older generations think,,,Tire/Wheel wise, body wise an ect.
The audience I'm interested in, looks wise of car, are the generations that have grown-up with narrow sidewall tires. They are the ones that might be able to deal with adding aero-skirt rocker panels as well as try at adding more of an modern style front splilter like ones on C6/C7 Vettes to a Classic Design Car 60's car. One of the reasons the frontend of car was widen 1.0" on each side so as to encapsulate the front tires inside body, instead of having them hanging out in air stream like stock tires as well as the ones on 1st car I built does.
On the rear, same thing, tires are encapsulated inside body on both the front and rear of car, even more so than stock tires that came on car. This is just me, I do my on thing, building for myself first, others last. All I want anyone to do is come over and really look the car over, not just walk by. Ugly can work just as well as Beauty for a car at doing that... just might not keep them looking car over as much...LOL
Just have to do your on thinking, rather than follow the trend, because that whats tire sizes are that come on new Vettes.
Note: By the way, I once said I'd never put 19/"20" wheels on a car of mine... One never knows,,, .how things can change....LOL
Last edited by Poorhousenext; 02-19-2019 at 03:55 AM.
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#18
Melting Slicks
Member Since: Dec 2017
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2023 Restomod of the Year finalist
I don't care what mine will be worth! Many here will say I don't like those wheels, I can't stand LS engines, why did you ruin it with a 4L640E, there's already too many silver cars, and on and on. All I want is it finished where I can drive it the rest of my days. Then the grandkids can sort out what to do with it. I only lack a few thing$$$$$$$.
#19
Pro
While I'm a Newbee to this car category, I totally agree with this comment. Young guys or even most "pretty old" guys for that matter don't have much interest in really old stuff. My $90K Porsche turbo cab with a pdk will run 0-60 in 3.0 seconds, a quarter mile in 10s, and top speed of 200 mph ((I've only had it to 185) all day long with no drama right from the factory. You can buy a nice flashy Lamborghini Gallardo for $110K (had one / hated it) now or a fantastic low mile Ferrari 458 for $175K. When I was considering the 63 SWC resto-mod, I said why do that when I can get a Ferrari 458 for less than the build I want will cost? Well I was ready to pull the trigger on the Ferrari but just had to go with my heart and do the SWC. Been my dream car for 35 years since I was a teen but I'm doing a full resto-mod. A friend asked me this weekend of all the cars I've had, which one did I regret selling. I said none, but I'm not selling the 63. Never say never but I'm building it at a fairly high level but to drive it, not dragging it to some car show to win a $50 trophy. I watched a Youtube video of the guy that owns a beautiful 63 restomod that Jeff Hayes built called Split Personality and in the interview he had the car for 5 years and said he drives it. When asked, he said well it had 40 miles on it. Really? What's the point?
PS - I just booked a trip to Fiji last week with my family over two Saturdays to put my toes in the sand and listen to the ocean!
PS - I just booked a trip to Fiji last week with my family over two Saturdays to put my toes in the sand and listen to the ocean!
https://fastestlaps.com/models/porsc...-cabriolet-991
Last edited by sidepipe seeker; 02-28-2019 at 10:01 PM.
#20
Safety Car
11.1 is only one tenth away from 10.99.