Will 68-72 ever reach $100,000?
04-05-2017, 04:17 PM
#21
Le Mans Master
"Look in the corvette section in Hemmings, there are always ads stating....WTB 69-72 corvettes 50 cents on the dollar paid."
It's been my experience that people who pay to advertise in wanted sections are bottom feeders.
04-05-2017, 04:57 PM
#22
Race Director
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The show quality 68-72's will always bring the money and have been over 100k LT-1's,ZR1,ZR2,L71's etc. The driver types like ours will never see that number they will be second tier quality. I have tracked prices for years on 68-72's and bought sold and owned many and unless they are collector quality you will not see them prices.
04-05-2017, 05:04 PM
#23
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They are the loud know it all condesending types...sadly they hook just enough fools to be in business.
04-05-2017, 06:07 PM
#24
Team Owner
OK, I relate a happening of some 30 years ago, a neighbor friend was building a purrfect '35 Ford rumble seat convertible, steel body, beautiful green paint tan interior/top as I recall.....and so he put it back to being totally stock V8 Ford reginal award winner......he bought it for only 13k and when time to sell came around some ten years later.....he only got 15k......reason...museums full of them, guys who remembered them from their youth, were outta the market, dead, health, affordability, or just plain no interest.....
NOW, at the time he was working on it, a steel body Ford like that would have sold for over 50 grand.....IF it was cut/modified with a Chevy engine, and modernized into a street rod....being a rag top would have meant some SERIOUS bux on it.....WHY?? guys wanting one like that were younger and remember the California street rods from TV shows....Kookie, kookie, lend me your comb??? anyone??
I say the same thing will happen to ALL corvettes, not just C3.....
as the old men die off or have one, the market dries up, but the cool looks MAY attract some guys to heavily mod the cars into modern standards.....
NOW, at the time he was working on it, a steel body Ford like that would have sold for over 50 grand.....IF it was cut/modified with a Chevy engine, and modernized into a street rod....being a rag top would have meant some SERIOUS bux on it.....WHY?? guys wanting one like that were younger and remember the California street rods from TV shows....Kookie, kookie, lend me your comb??? anyone??
I say the same thing will happen to ALL corvettes, not just C3.....
as the old men die off or have one, the market dries up, but the cool looks MAY attract some guys to heavily mod the cars into modern standards.....
Last edited by mrvette; 04-05-2017 at 06:09 PM.
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04-05-2017, 06:13 PM
#25
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There's people only looking out for themselves at every turn.
04-05-2017, 06:17 PM
#26
Melting Slicks
Relativity....Inflation.
Dateline 1978; My 69 L-46 4 spd side exhaust, convertible, two-top. I paid $3000
Shortly thereafter my buddy asked if I wanted to buy his 63 split (YUK! baby blue!) for $1800
I refused....Easy decision, I was earning something like $5700 YR!
C-3's are so 'affordable' I bought another recently...the 82 CE . If it was $100,000 I wouldn't buy it!
I WONT look at my Corvette(s) as $$$....It's 'dynamic Art'...good enough for me!
Dateline 1978; My 69 L-46 4 spd side exhaust, convertible, two-top. I paid $3000
Shortly thereafter my buddy asked if I wanted to buy his 63 split (YUK! baby blue!) for $1800
I refused....Easy decision, I was earning something like $5700 YR!
C-3's are so 'affordable' I bought another recently...the 82 CE . If it was $100,000 I wouldn't buy it!
I WONT look at my Corvette(s) as $$$....It's 'dynamic Art'...good enough for me!
04-05-2017, 06:26 PM
#27
Team Owner
Relativity....Inflation.
Dateline 1978; My 69 L-46 4 spd side exhaust, convertible, two-top. I paid $3000
Shortly thereafter my buddy asked if I wanted to buy his 63 split (YUK! baby blue!) for $1800
I refused....Easy decision, I was earning something like $5700 YR!
C-3's are so 'affordable' I bought another recently...the 82 CE . If it was $100,000 I wouldn't buy it!
I WONT look at my Corvette(s) as $$$....It's 'dynamic Art'...good enough for me!
Dateline 1978; My 69 L-46 4 spd side exhaust, convertible, two-top. I paid $3000
Shortly thereafter my buddy asked if I wanted to buy his 63 split (YUK! baby blue!) for $1800
I refused....Easy decision, I was earning something like $5700 YR!
C-3's are so 'affordable' I bought another recently...the 82 CE . If it was $100,000 I wouldn't buy it!
I WONT look at my Corvette(s) as $$$....It's 'dynamic Art'...good enough for me!
lost it in a tail assed light wreck in the rain.....and jumped ship into Pontiacs for some 25 years......
04-05-2017, 06:30 PM
#28
Race Director
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OK, I relate a happening of some 30 years ago, a neighbor friend was building a purrfect '35 Ford rumble seat convertible, steel body, beautiful green paint tan interior/top as I recall.....and so he put it back to being totally stock V8 Ford reginal award winner......he bought it for only 13k and when time to sell came around some ten years later.....he only got 15k......reason...museums full of them, guys who remembered them from their youth, were outta the market, dead, health, affordability, or just plain no interest.....
NOW, at the time he was working on it, a steel body Ford like that would have sold for over 50 grand.....IF it was cut/modified with a Chevy engine, and modernized into a street rod....being a rag top would have meant some SERIOUS bux on it.....WHY?? guys wanting one like that were younger and remember the California street rods from TV shows....Kookie, kookie, lend me your comb??? anyone??
I say the same thing will happen to ALL corvettes, not just C3.....
as the old men die off or have one, the market dries up, but the cool looks MAY attract some guys to heavily mod the cars into modern standards.....
NOW, at the time he was working on it, a steel body Ford like that would have sold for over 50 grand.....IF it was cut/modified with a Chevy engine, and modernized into a street rod....being a rag top would have meant some SERIOUS bux on it.....WHY?? guys wanting one like that were younger and remember the California street rods from TV shows....Kookie, kookie, lend me your comb??? anyone??
I say the same thing will happen to ALL corvettes, not just C3.....
as the old men die off or have one, the market dries up, but the cool looks MAY attract some guys to heavily mod the cars into modern standards.....
Very, very well said, i try to say it and just babble, it is hated by purists but it is what is coming...
I was expecting someone to defend it all,
I just cant find defense in someone trying to stick it to someone else even if some will just call it "business"
Back to topic, i missed the 68-72 part,
I would just guess that "if" and i dont see that if happening soon basic c3s started getting much over 75k the aftermarket world would creep in and flood the market like what we see with the ac cobra replicas.
04-05-2017, 07:24 PM
#29
I bet years ago on a Porsche 911 forum a question went like this.......Hey guys, do you ever think my 1970 911 will ever be worth anything,...and 10 answers came back like,...no , not likely now that the new hi tech 220 hp 1984 carerra is here ...lol
04-05-2017, 07:34 PM
#30
Instructor
One big limiting factor when considering the value of Corvettes, is that they are considered a common Chevrolet. They do not enjoy the allure of the exotics. It isn't going to change.
When I owned a Maserati Bora in the 80's, a friendly exotic dealer told " There's a saying amongst dealers : The only people who buy Maserati's are ones who cannot afford Ferrari's " He was right ! I would have preferred a Ferrari, but the Maserati was all I could afford. Corvettes will always be priced below the exotics or premium German cars. Sad, but true.
When I owned a Maserati Bora in the 80's, a friendly exotic dealer told " There's a saying amongst dealers : The only people who buy Maserati's are ones who cannot afford Ferrari's " He was right ! I would have preferred a Ferrari, but the Maserati was all I could afford. Corvettes will always be priced below the exotics or premium German cars. Sad, but true.
04-05-2017, 08:38 PM
#32
Former Vendor
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St. Jude Donor '08-'09-'10-'11-'12-'13-'14-'15
Sad part about this is that I might have paid 3500 for this car and then cut it up for parts.
Personally I don't think the 68-72 standard cars will ever reach these numbers due to the limit-less supply and the fact that you can buy a nice C6 for way less. But on the other hand.. I sure hope they do I own 3 of them..
The people that love the early C3 cars are disheartening getting smaller so the nostalgia crave is weaning with this. (Mr. Vette nailed it).
As with everything in this business, everything migrates. I remember when we would go to swap meets with 20 sets of mid year bumpers, 3 complete front ends for a C1 and 40 sets of 63-67 tail lamps. This changed to 50 chrome luggage racks, 40 rear license plate bezels, and all the 68-82 weatherstripping we could carry. Now.. the inventory in stock has migrated to C4, C5 and newer stuff...
E
04-05-2017, 08:44 PM
#33
Melting Slicks
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CI 6-7 & 9 Veteran
Well, I guess you are right, they are not as charitable as many on this forum. How about selling me that C2 in your profile picture for say 10 grand. That will show those greedy bastards.
[QUOTE=There's people only looking out for themselves at every turn.[/QUOTE]
[QUOTE=There's people only looking out for themselves at every turn.[/QUOTE]
Last edited by crawfish333; 04-05-2017 at 08:45 PM.
04-05-2017, 08:59 PM
#34
Le Mans Master
One big limiting factor when considering the value of Corvettes, is that they are considered a common Chevrolet. They do not enjoy the allure of the exotics. It isn't going to change.
When I owned a Maserati Bora in the 80's, a friendly exotic dealer told " There's a saying amongst dealers : The only people who buy Maserati's are ones who cannot afford Ferrari's " He was right ! I would have preferred a Ferrari, but the Maserati was all I could afford. Corvettes will always be priced below the exotics or premium German cars. Sad, but true.
When I owned a Maserati Bora in the 80's, a friendly exotic dealer told " There's a saying amongst dealers : The only people who buy Maserati's are ones who cannot afford Ferrari's " He was right ! I would have preferred a Ferrari, but the Maserati was all I could afford. Corvettes will always be priced below the exotics or premium German cars. Sad, but true.
04-05-2017, 09:25 PM
#35
Melting Slicks
Several great replies here, and yes lots of truth in what you read. To add to the discussion I think we need to match comparable cars. Are Porsche 911 prices similar to Corvette prices for like cars?
In 2004 a 1973 911 RSR racer...worth $450,000 at the same time a Corvette L88 racer was about the same...
2014 911 RSR worth $950,000 corvette L88 racer, about the same.
How may of each? 49 RSR's versus 196 L-88's. Availability? Most L-88's which were racers lost their racing bodies and heritage and became NCRS cars in showroom specification. Was that the right move?
Stock RSR vs. L88 in stock shape at auction, you get the picture. Prices are comparable. Moving down the food chain, we have to look at numbers and availability again. The resto-mod 911's are very different that the resto-mod "Corvette" Part of that is driven by the hobby itself. Look at the beauty of the modified "plain jane" 911 cars into "RS" or "RSR" clones. An RS is now a $200,000 car! Will a 72 Corvette hit those numbers with 20" wheels and neon underbody lights? Porsche guys are adhering to a "production" standard, whereas our clones are generally boring duplications of factory 435 or something cars. I am partial to vintage racer replicas...I think those have utility, style and value if correctly interpreted and done. But there are other points of view too.
Fundamentally it is like cars for like cars. A 911 was in a different price bracket than a "standard" Corvette. A Ferrari another one entirely.
The 911 RS was $11,785 new, and was held to that price as a stripped car that would not be driven on the street. (sound familiar?) The number needed was 500, but they sold out within one week. How much did a ZR1 or ZR2 cost at that time, and further how many were made? The 73 RS eventually sold about 1580 units, and today, a scant few remain in perfect original condition. Those may be worth $400,000 each. But its a different car and in a different league. The ZR2 is unique today, desirable to Corvette guys, but when you have to explain it three times to folks on the street it loses its punch. A 911 RS is desirable to anybody, then and now even more so. A Porsche 912 is similar to a 350 Automatic coupe with AC and power steering. The value in the car is in its preservation as an example of GM production (NCRS) or as raw material for a clone ZR2. If its done in a correct way it adds value, but not to the point that you make money on the conversion. As it should be.
I enjoy all cars, and the Porsche guys are having lots of fun...we should be driving our C3's and doing the same.
In 2004 a 1973 911 RSR racer...worth $450,000 at the same time a Corvette L88 racer was about the same...
2014 911 RSR worth $950,000 corvette L88 racer, about the same.
How may of each? 49 RSR's versus 196 L-88's. Availability? Most L-88's which were racers lost their racing bodies and heritage and became NCRS cars in showroom specification. Was that the right move?
Stock RSR vs. L88 in stock shape at auction, you get the picture. Prices are comparable. Moving down the food chain, we have to look at numbers and availability again. The resto-mod 911's are very different that the resto-mod "Corvette" Part of that is driven by the hobby itself. Look at the beauty of the modified "plain jane" 911 cars into "RS" or "RSR" clones. An RS is now a $200,000 car! Will a 72 Corvette hit those numbers with 20" wheels and neon underbody lights? Porsche guys are adhering to a "production" standard, whereas our clones are generally boring duplications of factory 435 or something cars. I am partial to vintage racer replicas...I think those have utility, style and value if correctly interpreted and done. But there are other points of view too.
Fundamentally it is like cars for like cars. A 911 was in a different price bracket than a "standard" Corvette. A Ferrari another one entirely.
The 911 RS was $11,785 new, and was held to that price as a stripped car that would not be driven on the street. (sound familiar?) The number needed was 500, but they sold out within one week. How much did a ZR1 or ZR2 cost at that time, and further how many were made? The 73 RS eventually sold about 1580 units, and today, a scant few remain in perfect original condition. Those may be worth $400,000 each. But its a different car and in a different league. The ZR2 is unique today, desirable to Corvette guys, but when you have to explain it three times to folks on the street it loses its punch. A 911 RS is desirable to anybody, then and now even more so. A Porsche 912 is similar to a 350 Automatic coupe with AC and power steering. The value in the car is in its preservation as an example of GM production (NCRS) or as raw material for a clone ZR2. If its done in a correct way it adds value, but not to the point that you make money on the conversion. As it should be.
I enjoy all cars, and the Porsche guys are having lots of fun...we should be driving our C3's and doing the same.
Last edited by international blue; 04-06-2017 at 11:56 AM.
04-05-2017, 11:49 PM
#36
Just a personal observation on my part but it appears to me C3's have actually lost value over the last twenty years if you factor in inflation. I have been eyeballing early for sale C3's for decades. I'm not talking about rare optioned cars but even those have not seen dramatic increases like a lot of other cars have. I would say they are probably keeping up with inflation or a little better at best. The reason foreign sports cars do much better is the production numbers are much lower and they enjoy a worldwide appreciation that Vette's don't. I'm familiar with E type jags, the entire production run of convertibles from 1961 - 1974 was only about 35,000 cars. The XK numbers are much lower than that. I'm not into Porches and Ferrari's but I'm sure we are talking even fewer numbers for the desirable cars.
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04-06-2017, 12:27 AM
#38
Just an observation, I have been in the market for C3 68-72 chrome bumper car for about 8-9 months and even though I have found my 72, I continue to keep an eye on C3 chrome bumper market. I have been keeping track of both price and inventory across the internet and CL. Over the last six months I have seen a very steep decline in inventory of C3 chrome bumper cars with 4spd trans for sale. Allot of what you see now on the market are automatic cars. This leads me to believe that we will start to see an increase in the 4spd C3 chrome bumper market in the very near future. Again this only pertains to the chrome bumper years 68 – 72.
