Sale Recommendations
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Advanced
Joined: Oct 2007
Posts: 52
Likes: 3
From: Richmond, VA area
Sale Recommendations
I own a 1971 LS5 Convertible, 2nd owner, that is ground up professionally restored to factory original by Performance Auto Crafters located in Locust Grove, VA. It is numbers correct, trim tag correct, is stored covered in temperature controlled space and is trailered to local shows/meets. Actual miles are 74,6XX, 454cid/365hp/4 spd, removable hardtop, disc brakes, White softtop, am/fm radio, rally sport 15 inch wheels w/beauty rings and center hubs. Paint is HOK 2 stage Ontario Orange buffed to mirror finish, White dated top, restored original radio/clock/gauges/tach/speedo. It is not driven on the street nor has it been exposed to inclement weather. Yes, for those who love to drive their Classics it is a "Trailer Queen"! I have a written appraisal in hand that rates the cars' condition at "better than #1". How can this car best be marketed? Private sale? Consignment to Corvette specialist? Auction house like Barrett Jackson or Mecum? I need a four seater Classic so that our teenage grandkids can accompany us to shows/meets/drive ins.
Bob
Bob
Melting Slicks
Joined: Jun 2005
Posts: 2,239
Likes: 74
From: Palatine, Peoples Republic of Illinois
St. Jude Donor '09-'10-'11-12-'13-'14-'15-'16-'17-‘18
NCM Sinkhole Donor
Before you do anything determine what price you're comfortable with. If your expectations are too high or too low you will be disappointed.
Thread Starter
Advanced
Joined: Oct 2007
Posts: 52
Likes: 3
From: Richmond, VA area
Regards,
Bob
Thread Starter
Advanced
Joined: Oct 2007
Posts: 52
Likes: 3
From: Richmond, VA area
I'm a person who does a lot of research and actual data results collection prior to undertaking anything this important. I've already collected actual sales numbers from #1 / high #2 condition 1971 LS 5's sold in 2013 at Mecum, Barrett Jackson, Pro Team Corvettes, and other quality Corvette sales dealers/consignors. Accumulated are 17 total sales ranging from $73.7k to $59.7k including coupes/t-tops/convertibles/automatics/4 speeds. All were driven, all restored to a high level, and included sales on both coasts as well as mid-America. I omitted any other sales as I wanted to compare only the latest data. I also only wanted to look at "sold" 1971 LS 5's as the asking price is almost irrelevant for this purpose. What I learned is that the average sale price was $66k and the average net to the owners was $60.7k. Except for being a private sale, I believe this comparison data to be spot on. If marketed properly, the prospective buyers field will be quite narrow as most will prefer a driver quality Vette. I'm almost decided to contract the sale of this beauty to either Barrett Jackson or Mecum.
Regards,
Bob
Regards,
Bob
Melting Slicks
Joined: Jun 2006
Posts: 2,071
Likes: 147
From: S Nevada
Yeah, I would think b-j Scottsdale would be a good venue. Or mecums in Kissimmee. Contrary to what many think of the b-j, the Scottsdale auction really brings out some nice cars. It helps that goodings, Russo and Steele, And a few other high end auctions take place that week in the valley. It brings buyers with money. I've attended many times. And I've attended the las Vegas b-j too. Not much comparison, Scottsdale has better overall quality cars.
BV interesting you are so negative with the pro team folks, not that I've ever dealt with them but do know a few who have. They purchased some very nice cars. Maybe at a premium, but it didn't take 14 yrs and mucho Internet drama to find a worthy car.
BV interesting you are so negative with the pro team folks, not that I've ever dealt with them but do know a few who have. They purchased some very nice cars. Maybe at a premium, but it didn't take 14 yrs and mucho Internet drama to find a worthy car.
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Safety Car
Joined: Nov 2003
Posts: 4,274
Likes: 6
From: Corvetteville USA
Yeah, I would think b-j Scottsdale would be a good venue. Or mecums in Kissimmee. Contrary to what many think of the b-j, the Scottsdale auction really brings out some nice cars. It helps that goodings, Russo and Steele, And a few other high end auctions take place that week in the valley. It brings buyers with money. I've attended many times. And I've attended the las Vegas b-j too. Not much comparison, Scottsdale has better overall quality cars.
BV interesting you are so negative with the pro team folks, not that I've ever dealt with them but do know a few who have. They purchased some very nice cars. Maybe at a premium, but it didn't take 14 yrs and mucho Internet drama to find a worthy car.
BV interesting you are so negative with the pro team folks, not that I've ever dealt with them but do know a few who have. They purchased some very nice cars. Maybe at a premium, but it didn't take 14 yrs and mucho Internet drama to find a worthy car.
If you didn't like my drama the ignore feature works great here on the forum. Why you tolerated for all these years if you didn't have to, I have no idea.
Best regards.
Team Owner
Joined: Jun 2000
Posts: 38,923
Likes: 1,482
From: Southbound
Cruise-In II Veteran
Keep in mind Barrett-Jackson juries cars for their big auction (or used to). They pick and choose what goes across the block. Scottsdale is a No Reserve auction. The highest bid purchases the car, regardless of what the owner might think it was worth or was hoping to get.
Safety Car
Joined: Nov 2003
Posts: 4,274
Likes: 6
From: Corvetteville USA
Burning Brakes
Joined: Aug 2013
Posts: 1,231
Likes: 115
From: Yelm Wa
I'm a person who does a lot of research and actual data results collection prior to undertaking anything this important. I've already collected actual sales numbers from #1 / high #2 condition 1971 LS 5's sold in 2013 at Mecum, Barrett Jackson, Pro Team Corvettes, and other quality Corvette sales dealers/consignors. Accumulated are 17 total sales ranging from $73.7k to $59.7k including coupes/t-tops/convertibles/automatics/4 speeds. All were driven, all restored to a high level, and included sales on both coasts as well as mid-America. I omitted any other sales as I wanted to compare only the latest data. I also only wanted to look at "sold" 1971 LS 5's as the asking price is almost irrelevant for this purpose. What I learned is that the average sale price was $66k and the average net to the owners was $60.7k. Except for being a private sale, I believe this comparison data to be spot on. If marketed properly, the prospective buyers field will be quite narrow as most will prefer a driver quality Vette. I'm almost decided to contract the sale of this beauty to either Barrett Jackson or Mecum.
Regards,
Bob
Regards,
Bob
That being said, I don't understand this post. Is it merely to promote/expose your car to potential buyers on this site?
There is a cars for sale section on this site, if that is the case, rather then the general discussion.
Good luck in the sale of your car, you obviously know the options.
Race Director
Joined: Mar 2006
Posts: 14,112
Likes: 28
From: Florida
There are usually premier auctions held every month by the biggies, RM, Mecum, BJ, AA etc in different parts of the country and contrary to popular belief they take just about any vehicle. Most are nothing special, that's just a lot of marketing hype that uninformed people have read about. Of course the best or better cars get the best spots and you can't take your rusted out 68 Ford Galaxy.
Short of having a retail private buyer, one of these auctions is probably your best bet.
Don't know what part of the country you're in and how far you will ship, but in fact there are around 11 classic car auctions in January alone.
And like this, even if consigned, there is nothing stopping you from promoting your car on your own for increased exposure.
Short of having a retail private buyer, one of these auctions is probably your best bet.
Don't know what part of the country you're in and how far you will ship, but in fact there are around 11 classic car auctions in January alone.
And like this, even if consigned, there is nothing stopping you from promoting your car on your own for increased exposure.
Administrator
Joined: Jul 2000
Posts: 53,997
Likes: 6,213
From: About 1100 miles from where I call home.
I'm a person who does a lot of research and actual data results collection prior to undertaking anything this important. I've already collected actual sales numbers from #1 / high #2 condition 1971 LS 5's sold in 2013 at Mecum, Barrett Jackson, Pro Team Corvettes, and other quality Corvette sales dealers/consignors. Accumulated are 17 total sales ranging from $73.7k to $59.7k including coupes/t-tops/convertibles/automatics/4 speeds. All were driven, all restored to a high level, and included sales on both coasts as well as mid-America. I omitted any other sales as I wanted to compare only the latest data. I also only wanted to look at "sold" 1971 LS 5's as the asking price is almost irrelevant for this purpose. What I learned is that the average sale price was $66k and the average net to the owners was $60.7k. Except for being a private sale, I believe this comparison data to be spot on. If marketed properly, the prospective buyers field will be quite narrow as most will prefer a driver quality Vette. I'm almost decided to contract the sale of this beauty to either Barrett Jackson or Mecum.
Regards,
Bob
Regards,
Bob
If it is matching, I'd say so very clearly in your marketing information.
I dont know anything about your car and it may be "better than #1" but if you are making decisions on pricing, marketing etc based on comparables, make sure the rest of the market agrees with the comparison.
Good luck with the sale.
Team Owner
Joined: Sep 2006
Posts: 31,301
Likes: 4,389
From: Westminster Maryland
Hi Bob,
I agree VB about the 'lingo' used to describe cars and used in the selling of cars. So many of the words and phrases are so overused that they have become trite and almost meaningless.
I think that high definition pictures and basic descriptions are what buyers are first interested in seeing, and then use that info to decide if this might be a car they need to know more about.
The car needs to be given a chance to, and usually will, tell it's own story.
Good luck as you market your car.
Regards,
Alan
I agree VB about the 'lingo' used to describe cars and used in the selling of cars. So many of the words and phrases are so overused that they have become trite and almost meaningless.
I think that high definition pictures and basic descriptions are what buyers are first interested in seeing, and then use that info to decide if this might be a car they need to know more about.
The car needs to be given a chance to, and usually will, tell it's own story.
Good luck as you market your car.
Regards,
Alan
Drifting
Joined: Aug 2006
Posts: 1,729
Likes: 193
From: Scottsdale Arizona
Yeah, I would think b-j Scottsdale would be a good venue. Or mecums in Kissimmee. Contrary to what many think of the b-j, the Scottsdale auction really brings out some nice cars. It helps that goodings, Russo and Steele, And a few other high end auctions take place that week in the valley. It brings buyers with money. I've attended many times. And I've attended the las Vegas b-j too. Not much comparison, Scottsdale has better overall quality cars.
BV interesting you are so negative with the pro team folks, not that I've ever dealt with them but do know a few who have. They purchased some very nice cars. Maybe at a premium, but it didn't take 14 yrs and mucho Internet drama to find a worthy car.
BV interesting you are so negative with the pro team folks, not that I've ever dealt with them but do know a few who have. They purchased some very nice cars. Maybe at a premium, but it didn't take 14 yrs and mucho Internet drama to find a worthy car.
http://forums.corvetteforum.com/c3-g...o-auction.html
Melting Slicks
Joined: Jun 2005
Posts: 2,239
Likes: 74
From: Palatine, Peoples Republic of Illinois
St. Jude Donor '09-'10-'11-12-'13-'14-'15-'16-'17-‘18
NCM Sinkhole Donor
Hey guys - the OP has been a forum "member" for 5 years and has made 5 posts - 3 of which are on this thread. I have a feeling he is simply trying to sell his car not looking for advice. And now he seems to have vanished. 
Last edited by Raphiki; Dec 14, 2013 at 02:39 PM.
Safety Car
Joined: Nov 2003
Posts: 4,274
Likes: 6
From: Corvetteville USA
My 1971 LS5 convertible has just returned from a 18 month restoration. I question the manifold / carb / distributor / headlights / wiper door vacuum configuration. Particularly on top of the engine, under the air breather housing. Does anyone have an example of a '71 LS5 (454ci/365hp) properly (original) plumbed for vacuum? Clear digital pix of the top of the engine with the air breather removed would be great. My Vette has no power steering, power brakes booster, or AC. It is equipped with a HD 4 sp. Muncie. Any help will be greatly appreciated.
regards, bob
regards, bob
Race Director
Joined: Jul 2001
Posts: 15,892
Likes: 42
I own a 1971 LS5 Convertible, 2nd owner, that is ground up professionally restored to factory original by Performance Auto Crafters located in Locust Grove, VA. It is numbers correct.................I have a written appraisal in hand that rates the cars' condition at "better than #1".................
http://forums.corvetteforum.com/c3-t...-stamping.html
I'm not sure how you can claim it to be 'numbers correct' or an appraiser to say it's better than #1.
Le Mans Master
Joined: Aug 2006
Posts: 7,431
Likes: 1,561
From: mount holly NC
2025 c3 ('74-'82) of the Year Finalist - Unmodified
2019 C3 of Year Finalist (appearance mods)
If this is the same car being discussed here
http://forums.corvetteforum.com/c3-t...-stamping.html
I'm not sure how you can claim it to be 'numbers correct' or an appraiser to say it's better than #1.
http://forums.corvetteforum.com/c3-t...-stamping.html
I'm not sure how you can claim it to be 'numbers correct' or an appraiser to say it's better than #1.
