Calibration point for 'what's this car worth' posts
Thread Starter
Race Director
Joined: Jul 2001
Posts: 15,892
Likes: 42
Calibration point for 'what's this car worth' posts
There's a never ending string of people arguing over what they think these cars are worth.
Here's one that actually sold
http://cgi.ebay.com/ebaymotors/ws/eB...K%3AMEWAX%3AIT
68 two top convertible 327/350 supposedly with original engine 4 speed.
Here's one that actually sold
http://cgi.ebay.com/ebaymotors/ws/eB...K%3AMEWAX%3AIT
68 two top convertible 327/350 supposedly with original engine 4 speed.
Race Director
Joined: Jul 2004
Posts: 12,711
Likes: 329
From: Scottsdale Arizona
If the add is accurate and the engine is done properly, someone got a nice car for the money, even if the paint isn't fresh.
Thread Starter
Race Director
Joined: Jul 2001
Posts: 15,892
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Melting Slicks
Joined: Apr 2007
Posts: 3,189
Likes: 111
From: Tolland CT
Could mean the values we assign are quite speculative? No hard formula?
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From: SIGONELLA Sicily
Race Director
Joined: Jan 2007
Posts: 14,987
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From: NYC NY
So what we're saying if the car sold for 60% of what we think it would be worth we would have valued that car at $27500? I don't think we would have valued that car that high. Reading the discription and looking at the pictures the car needs paint, interior, under hood detailing, and chassis refurbish. That car would soak up 10K in a heart beat. I wouldn't be surprised if you were north of 30K by the time you were done. In this market what would we say a correct very nice '68 327/350 convertible is worth?
Burning Brakes
Joined: Mar 2005
Posts: 1,057
Likes: 721
From: San Antonio Texas
It's always a crap shoot at best. On ebay you really never know what you're getting, until they drive it (or roll it) off the carrier, unless you personally inspected it. Some will be great deals, some average buys, and some hose jobs. Establishing values to these cars probably can't be calculated closer than + or - 30% or so. It can't be based on how much you'll have in it in the end, tho that SHOULD be a big consideration. I have seen many cars with LOTS of $$$ dumped into them that I refused to buy because the work was shoddy. Yet I paid average plus dollars for an average car.....just because it "floated my bost." Personal taste frequently causes us to pull the trigger. Some guys love 327/350 cars...(I do)... Some don't like cream puffs...Some like full optioned cars, etc etc....regardless of what we might perceive as "what it's worth," and "what somebody might pay," in the end there will always be vette deals that totally surprise us one way or the other.
Race Director
Joined: Sep 1999
Posts: 11,361
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From: Plano TX
I do believe originality doesn't command the price premiums it used to. Some years ago an all original early C3 would often bring 2x the money of a modified car in the same condition. This doesn't seem to be true anymore. The modified car is about the same price as before, but the original car is down, decreasing the gap.
As for the 68 in the ad, I would have expected a little closer to $20K, but I guess the seller didn't want to wait for a buyer with the last few $$$. Looking at the picture, that car needs quite a bit of work to be really nice (show quality).
As for the 68 in the ad, I would have expected a little closer to $20K, but I guess the seller didn't want to wait for a buyer with the last few $$$. Looking at the picture, that car needs quite a bit of work to be really nice (show quality).
Safety Car
Joined: Sep 2007
Posts: 4,458
Likes: 331
From: Indy Indiana
another reality is here is an example of what the price was. other sale prices are not so easy to determine. We know asking prices, but usually don't know the sale price. we so often see the asking price only and never see the sale price and it is so politically incorrect to ask what it sold for.