LT-1 Market..
Thread Starter
Burning Brakes
Joined: Aug 2006
Posts: 793
Likes: 11
From: Grafton MA
LT-1 Market..
I haven't been watching the C3 market too closely because I haven't been looking to buy or sell anything. Of course with the economy the way it is I suspect the C3 market, and collector car market in general, is down from a year or two ago.
I'm looking at an '71 LT-1 coupe, numbers matching, nice paint, mostly restored interior, original colors in and out. Haven't seen it yet, but it sounds comparable to a car i bought in back in 2006 and is around the same price (actually i believe this one can be bought a couple thousand cheaper). Assuming it checks out when i see it, I'm wondering what these cars are going for these days. What seems like a good deal to me may not be given the economy and the fact that i haven't been keeping an eye on values. I looked on ebay for price comparison and they're high...but also not an apples to apples comparison because some of the ones that are up now are the rare '72s with AC.
Just wondering what people are seeing out there.
I'm looking at an '71 LT-1 coupe, numbers matching, nice paint, mostly restored interior, original colors in and out. Haven't seen it yet, but it sounds comparable to a car i bought in back in 2006 and is around the same price (actually i believe this one can be bought a couple thousand cheaper). Assuming it checks out when i see it, I'm wondering what these cars are going for these days. What seems like a good deal to me may not be given the economy and the fact that i haven't been keeping an eye on values. I looked on ebay for price comparison and they're high...but also not an apples to apples comparison because some of the ones that are up now are the rare '72s with AC.
Just wondering what people are seeing out there.
Race Director
Joined: Jul 2004
Posts: 12,710
Likes: 329
From: Scottsdale Arizona
I'll be interested in what others have to say.
I have been following LT-1's for some time and don't think the price for good cars has come down much at all. Maybe, as you say, a few thousand but nothing huge. Good cars still get good money.
As for the A/C LT-1s on eBay, over 300 of the original 240 have been listed over the last six months. For such a rare care, there are at least two on at any given time. Forgive my cynicism, but I doubt that any of them are real.
I have been following LT-1's for some time and don't think the price for good cars has come down much at all. Maybe, as you say, a few thousand but nothing huge. Good cars still get good money.
As for the A/C LT-1s on eBay, over 300 of the original 240 have been listed over the last six months. For such a rare care, there are at least two on at any given time. Forgive my cynicism, but I doubt that any of them are real.
Instructor
Joined: Feb 2009
Posts: 153
Likes: 0
From: Atlanta GA
There's a convertible 71 LT-1 that was in immaculate condition that sold here in the Atlanta area in the last month for 56k. They're not getting cheaper.
About six months ago I saw another go in the NE for about the same, again in immaculate condition.
Depends on the year, condition and how original it is that affects the price. You look at a 70 and it's a lot more rare, low production strike shorten year plus it came out the same year as the 454 and cost more with fewer amenities so not a big seller. I'd be very surprised if there were even 300 70's left in this country.
About six months ago I saw another go in the NE for about the same, again in immaculate condition.
Depends on the year, condition and how original it is that affects the price. You look at a 70 and it's a lot more rare, low production strike shorten year plus it came out the same year as the 454 and cost more with fewer amenities so not a big seller. I'd be very surprised if there were even 300 70's left in this country.
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From: Cape Cod, Mass.
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They sold a real nice looking 71 LT-1 coupe at the last Mecum auction for $30,000. That seemed like a good deal from what you can tell on TV. The 70's bring a little more money than the 71, 72's. The LT1's have taken a hit like everything else over the last two years but nice ones still command good money.
Instructor
Joined: Feb 2009
Posts: 153
Likes: 0
From: Atlanta GA
Yes and no. LT-1's in good condition are the same now as they were a few years ago, maybe more, what has changed is that right now you no longer have a slew of buyers jumping crazily at any level of restoration being passed off as an LT-1 (BB, split window, fuelie or other specialty Vette). The upper end quality stays steady in every model. By Upper end I mean a car that is in good shape or recently restored, numbers matching. Numbers matching more than just the VIN and engine block, you can expect an alternator or starter to be possibly not original but carb, color, block casting, head casting, air intake, transmission and the all too often missing AIR system, etc all correct by cast and date tends to thin inventory way down and that market stays steady whether an LT-1, BB, conv or even a base model (depending on the number produced). I can't count how many LT-1 ads I've seen that start off "LT-1" but then go on to give a list of lovely modifications (new engine, digital gauges, sound systems and heaven forbid - headers etc), is that an LT-1? Most of the cream have owners not interested in selling at all so your inventory of available cars is even less.
Last edited by WayneB_LT1; Dec 31, 2009 at 09:30 AM.
Melting Slicks
Joined: Jan 2003
Posts: 2,813
Likes: 1
From: JOPPA MD
Here is a very nice one and a CF member to boot....
http://forums.corvetteforum.com/c3s-...coupe-mmr.html
http://forums.corvetteforum.com/c3s-...coupe-mmr.html
Thread Starter
Burning Brakes
Joined: Aug 2006
Posts: 793
Likes: 11
From: Grafton MA
Here is a very nice one and a CF member to boot....
http://forums.corvetteforum.com/c3-g...coupe-mmr.html
http://forums.corvetteforum.com/c3-g...coupe-mmr.html
