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Premium cars should and usually do sell for premium prices. It is quite rare to find a car like that when you know that it is what it's represented to be. Very nice C3s often sell in the low teens. Exceptional ones in the high teens and into the low 20s.
The question is what can you buy that is as nice or nicer in a similar price range. If that car is close to what you have in mind, then based on brief description given it sounds like it would be a hard car to beat.
It is too hard to tell from that description. Lots of pictures, close-ups of underneath, engine bay, etc., and then a personal inspection. How is the paint? Bad paint will take big $ off a price. But if it all shakes out to be a very clean, original car in primo condition, high teens to low 20's might be realistic. It would take some wide market advertising, and probably some time to find the right buyer. My .02
It is too hard to tell from that description. Lots of pictures, close-ups of underneath, engine bay, etc., and then a personal inspection. How is the paint? Bad paint will take big $ off a price. But if it all shakes out to be a very clean, original car in primo condition, high teens to low 20's might be realistic. It would take some wide market advertising, and probably some time to find the right buyer. My .02
However, if the OP is considering buying it, then coming to price argeement would be the issue. Otherwise, it would very likely take time to find the right buyer.
Its nice that some of these cars are ASKING low 20's, but in the real world, very very few actually change hands for that kind of money. The later C3 cars simply do not pull that kind of dollar usually.
And dont get fooled by the low miles. While its nice to have , the truth is low mile late C3s and C4 for do not sell well at auction. Presumably, this is because you end up with 2 choices: put miles on the car and have it immediately not be worth more than another garden-variety late C3 OR never drive the car so the miles stay low, and you end up with a low mile late C3 you cant drive. Both poor choices.
This isnt even taking into account the fact that most Corvettes with extra-low miles are all dried out and need all kind of repair anyway.
Watch the sales of these cars. They can ask anything they like. They aren't (usually) selling at those numbers.
It's worth nothing without pictures of the paint, interior, engine, frame, suspension, etc. And after you post pictures, it's still worth what someone will pay for it. I'll buy it for a buck.