Ran across this article. Interested what everyone thinks of the prices. I initially thought they were low but maybe not.

http://blackbook.martechs.com/automo...-interest.html

 

Hi-test here today is $5.50/US gallon. Makes you think.

 

I don't think gas price is much of a factor for these types of collector cars. I'm sure there are exceptions, but they generally don't get a lot of miles put on them. Some don't get any miles. A big SUV that gets driven 15-20K miles per year will be affected.

 

20 gallons x $4.00 a gallon changes my driving habits .

 

good luck! I think he is low, unless prices have dropped to 1995 levels.

 

Really?

 

The Corvette was completely redesigned in 1968, and prices fall off quite a bit. Expect to pay around $20,000 for a nice 1968-69 390 hp coupe, $24,000 for a 400 hp, and $30,000 for a 435. 1970-72 LS5 cars are about the same price as the 1968-69 390 cars, and the 1973-74 LS4s run $5,000 - $7,500 less than the LS5s.

Now that's funny

 

Smiles per gallon, $2.40 liter here, equates to $7.60 ish a gallon...., guess we are used to it...

 

20k for a 390,24k for a 400,and 30k for a nice 435 ??? AND nice 70-72 LS5's about the same ??? I will take 3 of each,what the hell is this guy smoking...

 

I think the key here is "good condition" does he mean a driver or something more? He does say that excellent can go double. I agree though that he seems low on the front end (and maybe a little high on the back?).

 

Does good condition value apply to a NOM car? Can a modded car be in excellent condition, therefore worth double? There are so many variables to placing a value on a classic car that one size can never fit all. These guidelines are nothing but a bunch of crap, NADA included. Might work for 1-10 year old mass production cars, but not old vettes. As an experienced real estate appraiser, makes me wonder where these price guide sellers get their data from and how it is analyzed. The really nice cars that are exchanged between private parties, for their true value, likely never get reported.

 

You are absolutely correct. Price is very subjective and the variables are many.

 

When was that article written? I will buy all the 65 396/425 horse cars you can find me for $50,000. The prices listed in the article do not reflect the current state of the market, even depressed as it is.

 

: ill take a few myself.

 

Sort of. I would place a higher value on a NOM car in good condition vs one which is not. Question is whether a buyer would place the same value on a NOM vs a 'numbers' car, vehicles otherwise in comparable condition. Same goes for 'Restomods". If we were talking about a restoration, I personally place only a slight increase in value for a car with 'numbers' vs one this is not, assuming the two are in comparable condition, NOT a survivor or low mileage original. This is consistent with the NCRS flight scoring which places only a small penalty for a blank stamp pad.

Some buyers may place higher value on a restomod if we're talking about the later C3's which were rather anemic compared to earlier models. This assumes the buyer is looking for a later year C3 to do some spirited driving vs a buyer who is looking for a vintage Corvette to collect and show.

I'm not so sure we can assume the interest in 'original' Corvettes will exceed interest in 'modded' Corvettes forever. Depends on what future generations are interested in.

The lack of reliable reporting of sales prices of ALL Corvettes, Originals, NOMs, or Restomods makes estimating value quite inexact. We often hear of the sensational prices some people pay at auctions, just the tip of the iceberg, which may tend to skew our estimates upward or eBay sales which appear low, driving our estimates down.

Much depends on the buyer's interests, what's available at the time the buyer is looking, how much they wish to spend. I find the 'what's it worth' threads to be of marginal value. What we're often hearing are opinions based on poster's personal values. I know of no reliable database we can refer to which would tell us just what is the average sales price for each category of Corvette. All price guides I've seen do not break down into the 'original', 'survivor', 'NOM', or 'Restmod' subgroups. Different markets, different price brackets I'm sure.