Corvette market Weak????
Thread Starter
Heel & Toe
Joined: Jan 2010
Posts: 19
Likes: 0
Corvette market Weak????
Okay, so 1969 Small Block Convertible with Air, Red with Red interior, numbers matching, with exception to the Carb. Tilt, Tele, PO2 Hubcaps, luggage rack, no hit body, motor redone 4yrs ago, mechanically sound, just in rough cosmetic condition. Faded Paint, carpets, little guage clusterwork, but a riding and driving 1969. Since I have a wide range of Corvette collectors I would like your free pricing estimates. What is a good buy number? Here are a couple pictures.
Melting Slicks
Joined: Dec 2007
Posts: 2,619
Likes: 2
From: Perkasie Pa
Burning Brakes
Joined: May 2009
Posts: 850
Likes: 36
From: Providence RI
About $16k-$18k sounds right; looks like it will need about $10k to bring it up to snuff, but you could enjoy it in the meantime.
It will hold its value in the long-run, but the $26k-$28k total investment you'd have in this one would buy you a rather nice '69 right now, especially if all you wanted was a base-motor car.
As an example, here's a recent ad here for a very nice '70 that was asking in that range:
http://forums.corvetteforum.com/c3s-...39k-miles.html
It will hold its value in the long-run, but the $26k-$28k total investment you'd have in this one would buy you a rather nice '69 right now, especially if all you wanted was a base-motor car.
As an example, here's a recent ad here for a very nice '70 that was asking in that range:
http://forums.corvetteforum.com/c3s-...39k-miles.html
Last edited by bobbarry; Jan 21, 2010 at 10:30 PM.
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Administrator
Joined: Jul 2000
Posts: 53,969
Likes: 6,196
From: About 1100 miles from where I call home.
I just completed a fully cosmetic restoration on my 69 roadster... $10k will not make a dent in that car... full paint, interior, engine compartment. Not close.
Race Director
Joined: Feb 2003
Posts: 13,238
Likes: 1,092
From: YANKEES UNIVERSE 70 454-LS5 500 ft-lbs Torque
Thread Starter
Heel & Toe
Joined: Jan 2010
Posts: 19
Likes: 0
About $16k-$18k sounds right; looks like it will need about $10k to bring it up to snuff, but you could enjoy it in the meantime.
It will hold its value in the long-run, but the $26k-$28k total investment you'd have in this one would buy you a rather nice '69 right now, especially if all you wanted was a base-motor car.
As an example, here's a recent ad here for a very nice '70 that was asking in that range:
http://forums.corvetteforum.com/c3s-...39k-miles.html
It will hold its value in the long-run, but the $26k-$28k total investment you'd have in this one would buy you a rather nice '69 right now, especially if all you wanted was a base-motor car.
As an example, here's a recent ad here for a very nice '70 that was asking in that range:
http://forums.corvetteforum.com/c3s-...39k-miles.html
Team Owner
Joined: Jan 2006
Posts: 37,637
Likes: 3,114
From: Crossville TN
Somewhere between $20K and $25K for that car, depending on the condition of the mechanical systems. Nice car, red, looks like it has all the factory stuff on it except for the ignition shielding ($1000 for all of that and another $200 to put it on). No body damage, so paint can be touched up and buffed out. Interior can be redone for little money/lots of labor. If top is in good condition, that can bump the price a bit.
P.S. I think the valve covers are on backwards (L>R;R>L).
P.S. I think the valve covers are on backwards (L>R;R>L).
Burning Brakes
Joined: May 2009
Posts: 850
Likes: 36
From: Providence RI
I agree; that '70 was beyond exceptional in condition.
But the market is what it is; here is another recent car virtually identical to this red car (apart from condition) that turned out to be a very good buy:
http://forums.corvetteforum.com/c3s-...a-69-vert.html
So if this blue car needing very little if anything sells for below $25k, which seems to be a current price-point for base-motor chrome-bumper convertibles in great condition, then how much would the same car go for in this red car's condition? I was guessing $8k-$10k less.
I don't think it would sell for the same or more as that '70 or the blue '69, or at least sell quickly.
But the market is what it is; here is another recent car virtually identical to this red car (apart from condition) that turned out to be a very good buy:
http://forums.corvetteforum.com/c3s-...a-69-vert.html
So if this blue car needing very little if anything sells for below $25k, which seems to be a current price-point for base-motor chrome-bumper convertibles in great condition, then how much would the same car go for in this red car's condition? I was guessing $8k-$10k less.
I don't think it would sell for the same or more as that '70 or the blue '69, or at least sell quickly.
Thread Starter
Heel & Toe
Joined: Jan 2010
Posts: 19
Likes: 0
I agree; that '70 was beyond exceptional in condition.
But the market is what it is; here is another recent car virtually identical to this red car (apart from condition) that turned out to be a very good buy:
http://forums.corvetteforum.com/c3s-...a-69-vert.html
So if this blue car needing very little if anything sells for below $25k, which seems to be a current price-point for base-motor chrome-bumper convertibles in great condition, then how much would the same car go for in this red car's condition? I was guessing $8k-$10k less.
I don't think it would sell for the same or more as that '70 or the blue '69, or at least sell quickly.
But the market is what it is; here is another recent car virtually identical to this red car (apart from condition) that turned out to be a very good buy:
http://forums.corvetteforum.com/c3s-...a-69-vert.html
So if this blue car needing very little if anything sells for below $25k, which seems to be a current price-point for base-motor chrome-bumper convertibles in great condition, then how much would the same car go for in this red car's condition? I was guessing $8k-$10k less.
I don't think it would sell for the same or more as that '70 or the blue '69, or at least sell quickly.
Cruising
Joined: Jan 2010
Posts: 14
Likes: 0
From: Encino CA
68 SB at Barrett-Jackson/Scottsdale
Last night there was a 327/350 Safari Yellow car sold at B/J for #36,000.00. Low option car with only front disc brakes and a Hard top.
The engine bay looked tired and there were some parts clearly jury rigged on the fuel line (post filter.) It also posessed a hurst shifter.
Add the buyers premium and it was $39,600.00. I also agree with the post about $10k not making a dent in these cars when it comes to a complete restoration. I know.
Best to the board, JP.
The engine bay looked tired and there were some parts clearly jury rigged on the fuel line (post filter.) It also posessed a hurst shifter.
Add the buyers premium and it was $39,600.00. I also agree with the post about $10k not making a dent in these cars when it comes to a complete restoration. I know.
Best to the board, JP.
Burning Brakes
Joined: May 2009
Posts: 850
Likes: 36
From: Providence RI
Last night there was a 327/350 Safari Yellow car sold at B/J for #36,000.00. Low option car with only front disc brakes and a Hard top.
The engine bay looked tired and there were some parts clearly jury rigged on the fuel line (post filter.) It also posessed a hurst shifter.
Add the buyers premium and it was $39,600.00. I also agree with the post about $10k not making a dent in these cars when it comes to a complete restoration. I know.
Best to the board, JP.
The engine bay looked tired and there were some parts clearly jury rigged on the fuel line (post filter.) It also posessed a hurst shifter.
Add the buyers premium and it was $39,600.00. I also agree with the post about $10k not making a dent in these cars when it comes to a complete restoration. I know.
Best to the board, JP.
Prices, even in BJ-$$$'s, do seem to have rebounded a bit since the last auction when even big-block cars were hard-pressed to fetch $30k.
Safety Car
Joined: Sep 2007
Posts: 4,452
Likes: 327
From: Indy Indiana
a 69 convertible with air.. if the metal is good and numbers are correct ( big assumption) then 20-25K.
if it only got to 13 K on ebay, then someone knows something detrimental about this car that we don't.
if it only got to 13 K on ebay, then someone knows something detrimental about this car that we don't.