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1972 ZR-1 Convertible....Value ??

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Old 03-29-2018, 07:06 PM
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jflory04
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Default 1972 ZR-1 Convertible....Value ??





Smog pump removed
Fan shroud made to fit.
Radio delete.
Hello All,

I work at a GM dealership in Michigan. I just had a customer ask me what his corvette was worth wanting to sell it. When he told me it was a 1972 ZR1 my first words where they never made one...I was wrong...After doing some research I told him I'm not going to give you a figure. I need help....Yes he wants to sell it....He is the original owner, has all paper work to verify that, 24000 miles, the car was delivered to the dealer in primer then painted to your color. He chose a black exterior. He couldn't tell me the last time he had it running. It's been sitting in his garage with the battery removed... Can anyone help with the value of this car ??

Thanks,

Jeff

Rolled out of the garage.
No stripe on the due to delivered t the dealer in primer.

No radio

Last edited by jflory04; 03-31-2018 at 11:08 PM.

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03-29-2018, 08:38 PM
Faster Rat
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Originally Posted by Duane4238
It's worth whatever someone is willing to pay.
Duane
Sorry Duane, that is such a worn-out meaningless phrase that I just cannot help myself. Market value seriously depends on how many people know about it being for sale. If good buddy Joe Sixpack down the street is the only "someone" who knows about it being for sale and offers squat, that can hardly be defined as market value. Anything is worth what MANY people are willing to pay for it. Try advertising it on the internet and every other possible venue, for a considerable length of time, and see how much the value changes.
Old 03-29-2018, 07:21 PM
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Duane4238
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It's worth whatever someone is willing to pay.
Duane
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Old 03-29-2018, 08:01 PM
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Hammerhead Fred
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Condition is everything.
That said; with lots of documentation and in really nice condition it should command something well north of $100k. He should really have it appraised.
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Old 03-29-2018, 08:38 PM
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Originally Posted by Duane4238
It's worth whatever someone is willing to pay.
Duane
Sorry Duane, that is such a worn-out meaningless phrase that I just cannot help myself. Market value seriously depends on how many people know about it being for sale. If good buddy Joe Sixpack down the street is the only "someone" who knows about it being for sale and offers squat, that can hardly be defined as market value. Anything is worth what MANY people are willing to pay for it. Try advertising it on the internet and every other possible venue, for a considerable length of time, and see how much the value changes.
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Old 03-29-2018, 11:17 PM
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7T1vette
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I seriously doubt that anyone who owns a real ZR-1 would go to some dealership to "ask" what that car was worth. People that have these things already know what they are worth; and if they wanted to sell it they would be calling Barrett-Jackson for an 'el primo' spot on Saturday night in Scottsdale (2019).

I think someone is fishing for a 'bite'.

Last edited by 7T1vette; 03-29-2018 at 11:17 PM.
Old 03-29-2018, 11:29 PM
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jflory04
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Thanks for your input. He's an elderly gentleman, he claims he bought it new so that tells you his age. Doesn't own a computer and what is google ?
Old 03-30-2018, 12:18 AM
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A quick look at the auction prices for a ZR1 place its value as much as 200,000. So, condition is everything. If I were a friend of this gentleman, I would put him in touch with the local chapter of the NCRS. Someone who is not going to rip this guy off. MI is a good place to be, as they are very active in S MI. He may have a gold mine on his hands, even if it were in poor shape, very few were made, so in the collector car market, that means $$$$.
Old 03-30-2018, 06:59 AM
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Originally Posted by jflory04
...what is google?...
I hope you're kidding.
Old 03-30-2018, 07:05 AM
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Without photos or any details on it's condition, no one can answer this question accurately. Post photos and details and we'll be happy to help. It'll also help prove that this isn't a BS story.

Last edited by Tonio; 04-04-2018 at 07:42 PM.
Old 03-30-2018, 07:44 AM
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Alan 71
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Hi Jeff,
A ZR-1 is a VERY special car.
This is the kind of claim (what is it?) and question (what is it's value?) about a car that really can't/shouldn't proceed without more information and photos of the things that would need to be seen to BEGIN to determine if it is in FACT a 72 ZR-1... and if it isn't, what is it. (For instance it could be an LT-!, but with so many 'Z' cars around now the 'L' has morphed into a 'Z'.
Regards,
Alan

When was the car painted black?
Black wasn't a color offered for typical 72 model year production.

Last edited by Alan 71; 03-30-2018 at 07:55 AM.
Old 03-30-2018, 07:54 AM
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ralphspears
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Originally Posted by Alan 71
Hi,
This is the kind of claim and question about a car that really can't/shouldn't proceed with out more information and photos of the things that would need to be seen to BEGIN to determine if it is in FACT a 72 ZR-1.
Regards,
Alan

When was the car painted black?
Black wasn't a color offered for typical 72 model year production.
Original post says car was ordered in Primer
Old 03-30-2018, 08:26 AM
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Originally Posted by ralphspears
Original post says car was ordered in Primer
The owner has an idea what it's worth based on Hemmings magazine article he read. Their was one on their not title for $600,000 He sure it's not worth anywhere near that but came in looking for information on the value. He did tell me the paint code is a P which stands for primer. No idea if that's true. I will try to get some pictures of the car..... Thanks for all the feedback.

Vin # 1Z67L2S51......

1-- Chevrolet
z---Corvette
67--Convertible
L--ZR
2--1972
51....Production numbers
Old 03-30-2018, 08:31 AM
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The car was bought new at Draper Chevrolet in Saginaw, Mi.........From what he's telling me the dealer painted the car before he took it home. The owner never said anything about the paint until I called him back after finding out black was not offered. His comment to me was I wondered how long it was going to take you to figure that out... Testing me ??
Old 03-30-2018, 08:33 AM
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Hi Ralph,
Well!!!
I MISSED that!
That makes it extra interesting.
I hope the trim tag and 'paperwork' verify that.
Regards,
Alan
Old 03-30-2018, 08:42 AM
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Originally Posted by jflory04
...He did tell me the paint code is a P which stands for primer. No idea if that's true...
Probably not. Likely to have been PRIME or SPEC.

...Vin # 1Z67L2S51......

1-- Chevrolet
z---Corvette
67--Convertible
L--ZR
2--1972
51....Production numbers
L indicates the optional LT-1 engine. It does not indicate the ZR1 options package.

Last edited by Easy Mike; 03-30-2018 at 08:44 AM.
Old 03-30-2018, 08:43 AM
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DRM500RUBYZR-1
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Originally Posted by jflory04
The owner has an idea what it's worth based on Hemmings magazine article he read. Their was one on their not title for $600,000 He sure it's not worth anywhere near that but came in looking for information on the value. He did tell me the paint code is a P which stands for primer. No idea if that's true. I will try to get some pictures of the car..... Thanks for all the feedback.

Vin # 1Z67L2S51......

1-- Chevrolet
z---Corvette
67--Convertible
L--ZR
2--1972
51....Production numbers

I suspect that "L" as the fifth digit only confirms that it has an LT-1 motor, but all LT1's are not ZR-1's.
The opposite is true, i.e. all ZR-1'a are LT1's but not the other way around.
You need the Engine code.

Marty
Old 03-30-2018, 08:44 AM
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Originally Posted by Easy Mike
Probably not. Likely to have been PRIME or SPEC.



L indicates the optional LT-1 engine. It does not indicate the ZR1 options package.

Marty

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Old 03-30-2018, 09:59 AM
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Originally Posted by DRM500RUBYZR-1
I suspect that "L" as the fifth digit only confirms that it has an LT-1 motor, but all LT1's are not ZR-1's.
The opposite is true, i.e. all ZR-1'a are LT1's but not the other way around.
You need the Engine code.

Marty

I will be looking at the car Saturday. Hopefully posting some pictures and verify what it is. He did say not sure if he's selling it yet, just looking for a value figure at this time.
Old 03-30-2018, 10:00 AM
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Originally Posted by jflory04
The owner has an idea what it's worth based on Hemmings magazine article he read. Their was one on their not title for $600,000 He sure it's not worth anywhere near that but came in looking for information on the value. He did tell me the paint code is a P which stands for primer. No idea if that's true. I will try to get some pictures of the car..... Thanks for all the feedback.

Vin # 1Z67L2S51......

1-- Chevrolet
z---Corvette
67--Convertible
L--LT-1(fixed)
2--1972
51....Production numbers
...that $600K figure he is referring to is a White ZR-1 coupe with supposedly "300" original miles still on MSO(car had never been titled). I've read about it a couple times, seen pics, don't know if it ever sold.

...he's comparing apples to oranges on this car vs his car that has 24k miles on it and hasn't run in decades. Maybe he's really got something, maybe he's got a rotted hulk with low miles. If it was stored in a nice dry garage, maybe it's a pretty nice car. If it's truly a ZR-1 "PRIME" or "SPEC" paint car + a convertible, he could even have a very, very rare "one of one" car. Even if it's a true 24K mile LT-1 conv in decent shape and a factory primer car, it's worth some good money. Like other posters have said, let see some pics!!! It's like New Year's Eve waiting for the ball to drop to see some pics.
Old 03-30-2018, 10:08 AM
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Originally Posted by 7T1vette
I seriously doubt that anyone who owns a real ZR-1 would go to some dealership to "ask" what that car was worth. People that have these things already know what they are worth; and if they wanted to sell it they would be calling Barrett-Jackson for an 'el primo' spot on Saturday night in Scottsdale (2019).

I think someone is fishing for a 'bite'.
Well I"m telling you that's how it went down...
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