68' L89 value?
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68' L89 value?
Ive not been able to locate a decent resource for finding a price for a fairly good condition 1968 L89 coupe. I see hagerty, nada, and auctions that have sold but i dont think any of the really represent a true cost refection. Is there any place i can get a decent estimation?
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Hi L,
I'd think that with an L89 car it's condition plays LESS of a part in determining it's value than the documentation for the car, and the originality of ALL the parts that make it a L89.
Regards,
Alan
I'd think that with an L89 car it's condition plays LESS of a part in determining it's value than the documentation for the car, and the originality of ALL the parts that make it a L89.
Regards,
Alan
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It's a car that i have the opportunity to buy before he tries selling it on the open market. It has been sitting for over 20 years untouched, so most all documentation is long gone. I know what he's asking and a few photos of the car currently, i was just trying to gather any and all info before i actually go see it.
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It's a car that i have the opportunity to buy before he tries selling it on the open market. It has been sitting for over 20 years untouched, so most all documentation is long gone. I know what he's asking and a few photos of the car currently, i was just trying to gather any and all info before i actually go see it.
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...I know what he's asking...
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first, its a rare car, next it is a rare car that would have it's original engine and heads, next it would have to be impeccably documented with history, original and judged to the hilt. Then it would have to be for sale.. as such cars are not for sale and in collectors hands.
then you are talking prices all over the place.. maybe 75-125K, whatever you are willing to pay since such a car would be very rare. if the car has ANY excuse, subtract 50-75%.
there are about 8 in the mecum auction in the past that are searchable. mostly selling for 50-55K, a couple are 75 K, the highest is 120K.. just don't now if any of them have excuses.
then you are talking prices all over the place.. maybe 75-125K, whatever you are willing to pay since such a car would be very rare. if the car has ANY excuse, subtract 50-75%.
there are about 8 in the mecum auction in the past that are searchable. mostly selling for 50-55K, a couple are 75 K, the highest is 120K.. just don't now if any of them have excuses.
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I'm actually waiting to hear back from him because i had a few other questions as well. I think it's more than reasonable if it's all correct and my mental calculator is close. That's why i was just trying to see if there was anything i could check against. If its all original and unrestored with only 36k miles i think the price really low. Again though that's just based off what i can find that's sold at auction (which i dont trust)
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I'm actually waiting to hear back from him because i had a few other questions as well. I think it's more than reasonable if it's all correct and my mental calculator is close. That's why i was just trying to see if there was anything i could check against. If its all original and unrestored with only 36k miles i think the price really low. Again though that's just based off what i can find that's sold at auction (which i dont trust)
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From: Westminster Maryland
Hi L,
Do you have the information you'll need to begin to determine if the car appears to have been an L89 car when it left St.Louis?
If not, I recommend you buy a copy of the NCRS 68-69 Technical Information Manual & Judging Guide.
Are you familiar with 68 BB cars in general?
Might be a nice find!!!
Regards,
Alan
I think I'd make a list in advance of things to look at, and also a list of the casting numbers/ part numbers, dates, and configurations of items you'll be looking at see what the car actually is.
Do you have the information you'll need to begin to determine if the car appears to have been an L89 car when it left St.Louis?
If not, I recommend you buy a copy of the NCRS 68-69 Technical Information Manual & Judging Guide.
Are you familiar with 68 BB cars in general?
Might be a nice find!!!
Regards,
Alan
I think I'd make a list in advance of things to look at, and also a list of the casting numbers/ part numbers, dates, and configurations of items you'll be looking at see what the car actually is.
Last edited by Alan 71; Mar 16, 2017 at 12:19 PM.
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Hi L,
Do you have the information you'll need to begin to determine if the car appears to have been an L89 car when it left St.Louis?
If not, I recommend you buy a copy of the NCRS 68-69 Technical Information Manual & Judging Guide.
Are you familiar with 68 BB cars in general?
Might be a nice find!!!
Regards,
Alan
Do you have the information you'll need to begin to determine if the car appears to have been an L89 car when it left St.Louis?
If not, I recommend you buy a copy of the NCRS 68-69 Technical Information Manual & Judging Guide.
Are you familiar with 68 BB cars in general?
Might be a nice find!!!
Regards,
Alan
Team Owner
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Posts: 31,172
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From: Westminster Maryland
Hi L,
You certainly need to have a knowledgable person look at the car with you.
They can pretty quickly tell you IF you should take this car seriously, and then after some more observation, tell you HOW seriously you should take it.
With an L89 you don't want to get 'fooled', but you also don't want to let one 'get away'!!!
Regards,
Alan
You certainly need to have a knowledgable person look at the car with you.
They can pretty quickly tell you IF you should take this car seriously, and then after some more observation, tell you HOW seriously you should take it.
With an L89 you don't want to get 'fooled', but you also don't want to let one 'get away'!!!
Regards,
Alan
Last edited by Alan 71; Mar 16, 2017 at 12:31 PM.
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The "values" of these rare specialty items is whatever the buyer is willing to pay...when the seller decides to sell it. There is NO WAY to make any reasonable assessment of 'worth' before the dealing begins.
In general, I would tell you that the value of vintage 'stock configuration' cars is on the downward trend. Most younger buyers want modern 'resto-mod' drivetrains and amenities these days. Yes, the L89 is rare. But, how many folks want to pay big money for it so that it can sit in a museum? Many big-time collectors are divesting themselves of these cars. The level of demand for them is waning.
In general, I would tell you that the value of vintage 'stock configuration' cars is on the downward trend. Most younger buyers want modern 'resto-mod' drivetrains and amenities these days. Yes, the L89 is rare. But, how many folks want to pay big money for it so that it can sit in a museum? Many big-time collectors are divesting themselves of these cars. The level of demand for them is waning.
Last edited by 7T1vette; Mar 17, 2017 at 04:55 PM.
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So Update:
From what we can tell, it appears to actually be an L89. Unfortunately, it looks like it now has a counter exchange block. Unsure right now if it has a tank sticker or not. Every looks original other than the block, not sure if they spun a rod or what happened... this sure doesnt help me gauge its worth and if i want it.
From what we can tell, it appears to actually be an L89. Unfortunately, it looks like it now has a counter exchange block. Unsure right now if it has a tank sticker or not. Every looks original other than the block, not sure if they spun a rod or what happened... this sure doesnt help me gauge its worth and if i want it.
Last edited by Lreynolds; Mar 17, 2017 at 07:00 PM.
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So Update:
From what we can tell, it appears to actually be an L89. Unfortunately, it looks like it now has a counter exchange block. Unsure right now if it has a tank sticker or not. Every looks original other than the block, not sure if they spun a rod or what happened... this sure doesnt help me gauge its worth and if i want it.
From what we can tell, it appears to actually be an L89. Unfortunately, it looks like it now has a counter exchange block. Unsure right now if it has a tank sticker or not. Every looks original other than the block, not sure if they spun a rod or what happened... this sure doesnt help me gauge its worth and if i want it.
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If it doesn't have the original block and there is no documentation, how can you say "it appears" to be an L89? Anyone could have purchased the AL heads. To my knowledge if you don't have the block or the docs, there is nothing left to conclusively tell you it's an L89. What info do you have?
Drifting
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from what I know, which ain't much, there would be no way to tell if a car was just a 427 car or a L89 without the tank sticker.
once the original block is gone, which you said it is, then I say value takes a significant hit.
once the original block is gone, which you said it is, then I say value takes a significant hit.
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From: Indy Indiana
when the engine has been replaced and if the tank sticker does not exist or has crumbled to dust, and no other doc, then you have to rely on condition, and the sum of its remaining parts to come up with a value. rust? correct cast code and date of the GM heads?, tripower/intake is worth 5 grand right there. need paint? total restoration? the OP did state fairly good condition.
a 427 tripower with aluminum heads is worth a good amount.. not L89 money though, unless you can prove it.
The chance of a C3 novice stumbling upon a real L89 is pretty low..
but weirder things have happened.. Good luck.
Sort of like the guy last year that was convinced he had found a ZR1.
a 427 tripower with aluminum heads is worth a good amount.. not L89 money though, unless you can prove it.
The chance of a C3 novice stumbling upon a real L89 is pretty low..
but weirder things have happened.. Good luck.
Sort of like the guy last year that was convinced he had found a ZR1.