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Is This C3 Corvette Barn Find Worth $28k?

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Old 12-08-2015, 02:07 PM
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Detroit Steel
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Default Is This C3 Corvette Barn Find Worth $28k?



It might not exactly be in mint condition, but with 52,435 miles on the odometer, it’s a lot better off than plenty of other classic Corvette "barn finds".

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Old 12-08-2015, 02:19 PM
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Jebbysan
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I would say it is worth every penny......
Probably take 20k to restore and be worth over 70k.....

If I had the money I would take the plunge....

Jebby
Old 12-08-2015, 02:50 PM
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BBCorv70
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A NOM worth over 70K restored? If it were an L88 maybe...
Old 12-08-2015, 03:06 PM
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KYC4
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I'd say its worth it. I'm no expert but yes I'd expect to pay this kind of cha-ching for a legit 427 car in this condition even with a NOM.

Later,

Lee
Old 12-08-2015, 03:50 PM
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Rowdy Rat
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Those can't be real bids...

Regards,

Stan Falenski
Old 12-08-2015, 04:02 PM
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vettebuyer6369
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Originally Posted by KYC4
I'd say its worth it. I'm no expert but yes I'd expect to pay this kind of cha-ching for a legit 427 car in this condition even with a NOM.

Later,

Lee
I can't agree. It's an NOM no matter which way you look at it. Who cares what it used to be? I suppose you could drop in a restamp, but with the history of the car all over the Internet, any future buyer would know it's a fake.

Plus the wrong rocker panels and painted wheels show the car was not kept stock regardless of the mileage or how long it's been in a barn.

IMO it sold for too much and the ceiling numbers being discussed here are way off base.
Old 12-08-2015, 05:31 PM
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Alan 71
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Hi,
What in the world does this mean?
"Bonati has even signed a notarized affidavit stating he owned the Corvette from 1975-2015, which certainly should ease the new owner’s worries about the condition of the C3".
He could have loaned it to a band of gypsies who drove it the whole time!
Regards,
Alan
Old 12-08-2015, 05:37 PM
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Rowdy Rat
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Originally Posted by Alan 71
Hi,
What in the world does this mean?
"Bonati has even signed a notarized affidavit stating he owned the Corvette from 1975-2015, which certainly should ease the new owner’s worries about the condition of the C3".
Alan,

I think that's code for, "I have no real documentation."

Regards,

Stan
Old 12-08-2015, 05:40 PM
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C3 4ME
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It's code for I don't have any documentation, but I'm still saying the car is worth a fortune, which apparently it was to someone.
Old 12-08-2015, 08:56 PM
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roadbike56
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Originally Posted by Vettebuyer6369
I can't agree. It's an NOM no matter which way you look at it. Who cares what it used to be? I suppose you could drop in a restamp, but with the history of the car all over the Internet, any future buyer would know it's a fake.

Plus the wrong rocker panels and painted wheels show the car was not kept stock regardless of the mileage or how long it's been in a barn.

IMO it sold for too much and the ceiling numbers being discussed here are way off base.
Correct on the rocker panels, but those are THEE OEM wheels and beauty rings with center caps.
The rocker panels are an easy bolt off and on. Repainting the wheels would be a given with the condition of the car.
I don't know about $28K for that car. Maybe, but it's certainly not a buy now bargain. Not long ago there was a cherry rebuilt by the numbers correct 69 350/350 with two tops, cortez silver for $19500. Dude had trouble selling it. I know this is a big block, but was it a 390 HP originally? I don't like the non-original engine. If it was a by the numbers car, probably worth it.

Last edited by roadbike56; 12-08-2015 at 09:00 PM.
Old 12-08-2015, 09:10 PM
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530planeman
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Originally Posted by BBCorv70
A NOM worth over 70K restored? If it were an L88 maybe...
Might want to check L 88 prices
FWIW tis one not worth what they are asking
Old 12-08-2015, 09:14 PM
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Originally Posted by Alan 71
Hi,
What in the world does this mean?
"Bonati has even signed a notarized affidavit stating he owned the Corvette from 1975-2015, which certainly should ease the new owner’s worries about the condition of the C3".
He could have loaned it to a band of gypsies who drove it the whole time!
Regards,
Alan
If I get a notarized letter stating I think I am God does that man I am
Wes
Old 12-08-2015, 09:18 PM
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Originally Posted by Jebbysan
I would say it is worth every penny......
Probably take 20k to restore and be worth over 70k.....

If I had the money I would take the plunge....

Jebby
t want to see what you get for a $20 restore ?
Ask Alan
Ask Bat's 13
Ask Rviso
There is a reason all the unreality shows don't mention cost to restore a car .
Have a good one
Old 12-08-2015, 10:05 PM
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BBCorv70
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Originally Posted by 530planeman
Might want to check L 88 prices
FWIW tis one not worth what they are asking
I checked out Hagerty's pricing for 69 L88, yes, quite a bit higher but we're talking about a NOM here. Would a NOM L88 get anywhere near the price of an original?

Originally Posted by 530planeman
There is a reason all the unreality shows don't mention cost to restore a car .
Have a good one
Yup. When I hear estimates of 800 - 900 hours labor, figure at least $75 per hour... That doesn't include cost of parts.
Old 12-08-2015, 10:39 PM
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Kid Vette
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"new big block V8 L71"



This doesn't look new to me! But why is everybody assuming this is NOM? Just because no documentation?

Last edited by Kid Vette; 12-08-2015 at 10:42 PM. Reason: Ok, I get it now, I just read the ebay ad.
Old 12-08-2015, 10:48 PM
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oldgto
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Originally Posted by Kid Vette
why is everybody assuming this is NOM? Just because no documentation?
I think it`s because the ad says "new" engine, and also because everybody always wants to say "numbers matching" I would think that would add more value than somebody`s notarized affidavit. If it was numbers matching.... wouldn`t they say it in bold capital letters 3 or 4 times?
Old 12-09-2015, 11:17 AM
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BBCorv70
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Originally Posted by Kid Vette
"new big block V8 L71"



This doesn't look new to me! But why is everybody assuming this is NOM? Just because no documentation?
The ad states...

"The gold vintage ‘Vette, sold by Carolina Muscle Cars, is equipped with a new big block V8 L71 engine mated to a 4-speed manual transmission."

If the L71 wasn't a new offering which appeared in 69, most of us are interpreting this to mean the original engine was replaced with a new one, making it a NOM. It was probably replaced many years ago based on corrosion we see.

Originally Posted by oldgto
I think it`s because the ad says "new" engine, and also because everybody always wants to say "numbers matching" I would think that would add more value than somebody`s notarized affidavit. If it was numbers matching.... wouldn`t they say it in bold capital letters 3 or 4 times?
Even if it were 'numbers matching', there would be a question of whether it's 'original' numbers matching. Maybe the seller should have just left off the reference to 'new big block V8 L71' ?
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Old 12-09-2015, 11:40 AM
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ddawson
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From the add. So it's a CE replaced a long time ago.

"The motor was a warranty replacement in 1969. Two weeks after the delivery of the car, the motor was replaced."
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Old 12-09-2015, 12:59 PM
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thoyer
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Originally Posted by Jebbysan
I would say it is worth every penny......
Probably take 20k to restore and be worth over 70k.....

If I had the money I would take the plunge....

Jebby
There is probably over 20k just in paint / body and chrome...........

Tom
Old 12-09-2015, 02:58 PM
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69L46
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For me, yes, but then again I'm partial to the color

What happened to the paint and engine compartment? That's a lot of rusty stuff, yet the frame looks solid...


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