Some things that stick out: My first concern on this car is why is the trim tag bent up in the corners? No a.i.r. system ($$$), No headlight washer pump and hoses. Generator incorrect ($$). Wrong ball joints.

 

i really dont think that car is indications of a market drop. its priced right about where it should be IMO. listed for 60, probably sells in the mid 50s

its not a NCRS level car, it could be taken there, but that would cost some money, probably 5-10k. no A/C will hold it back also.

percentage of production has nothing to do with value. 3 speeds and block heaters are the rarest of the rare, and nobody is going to pay a premium for either.

 

Everyone saying stock market crashing but S&P and market in general is having a record year….S&P YTD return is 16%, and the NASDAQ is way over that that thanks to AI boom.
idk bout y’all but I’m loving this market, easy money. SPXL, QQQ, VOO and VOOG all phenomenal performers

 

The price difference is in fact a little more. It was required you had to also order K66 transistor ignition which was another $81 if you are buying an L71. Roughly $200 would be in increase of approx 4.5% increase in base price. The inflation factor you are using doesn’t reflect what buyers were thinking 54 years ago. It’s hard to get a good comparison. $200 at that time in 1969 was roughly 1% of the cost of a house on Long Island were I live. Today 1% of a house is about $6000-8000 in my town. It’s hard to get a financial view from 1969. I would think buyers would be thinking about that. I like comparing to real estate prices, not perfect, but nothing is. You could also add 4.5% to the base price of a current Corvette for comparison. In addition, you couldn’t get AC with the L71. That could very well be a factor.

To the L68 on eBay. It’s a nice car. Prices can be all over the place but I don’t think it’s a bargain. It’s not terribly high. It’s in the ballpark but if it was priced great it would have sold. I hope he gets his price.

 

QQQ is a tech heavy ETF. Tech is helping to keep the overall market up for now and has been for some time, along with continued strong consumer spending, but if you're not seeing warning signs and all of the corrections the past couple of years, you haven't been paying close enough attention.

If you have a diverse portfolio, as many investors do, you are absolutely feeling the burn in other sectors. If you're only investing in tech heavy ETFs, then in general, you're doing OK thus far, but the market has winners and it has losers - both in individual stocks, and in entire sectors, and they can reverse roles on a dime. Energy, overall a big loser during the pandemic, is up HUGE.

With interest rates at at 7+ percent, money is no longer cheap, and companies (whether cash rich, or heavily levered) will continue to decrease their spending, leading to less investment (which means less growth) and so forth and so forth. IMO, we're not done with these corrections by a long shot, and others may disagree. \

As the equities market, we'll see losers and we'll see winners in the automotive ring. Late model used cars saw a sizable boom in demand and increase in prices in 2021 and 2022 due to supply chain issues and the inflationary spike, but look at that market coming down markedly in 2023. Classic car market will also see similar kinds of corrections.

I could go on and on, but this is a Corvette forum, not a financial advisor site. I was originally following up on another members post about similarities between the equities market and the classic car market, which I have also noted before as well. I am not a financial advisor, and I don't play one on TV - So as always ALL, do your own due diligence. It's just one person's opinion.

 

Actually seen one the other day, notch back with the signature Flowmaster mufflers. Thought to myself, dont see them often and because they are different, but they kind of have a coolness factor to them. Kind of like seeing an old 2 door 66 Biscayne with a BB 4 speed. As mentioned, rarity doesnt always translate into desirable or more collectible.

 

So $60K is a fair price for a frame off restored numbers matching L68 427/400 tri-power but $95K is fair for a T-Top L36 in another thread that was started only a couple days earlier that this one???!!! You've got to be kidding me....

Look at the thread below on this very forum.

$105K is just nonsense, but even lowered to $95K, if that was such a good deal, it would be gone already. Just as if a true fully documented L88 were sold by a desperate seller for the same price, it would probably be gone in a day because most in the know fully understand what that car is worth.

A NCRS top flight award winner is going to fetch such a huge premium? C'mon, fellas - No one is going to pay more than even L71 money for a GREEN T-Top L36 of which many were made, regardless of originality or condition. Nothing wrong with green, but it isn't resell red, blue, or white.

Although cool, too few people care about a local chapter Top Flight winner to shell out all that extra moolah. You're dreaming if you think that is the case, and doubly so in this market. Realistically in today's market, this is a $60-70K car in its existing condition to the right buyer, and it may still take a while to sell at that price. The classic car market is currently and will continue its path into a downward trend.

I'd rather have a decent L36 AND L46 for the price of one NCRS top flight L36, but that's just me, because outside of our circle here, not many really know or care what that is. Other opinions may differ.

There's an old saying - If wishes were horses, beggars would ride, as certainly is the case here.

https://www.corvetteforum.com/forums...0-000-obo.html

 

Unpopular opinion so brave yourselves...

The market for 60s and 70s cars is going to sharply decline in the next 10 years. VERY sharply. The generation of people who have an attachment to these cars is getting older and dying off. Someone who is old enough to have bought a 70 new at 25-30 years old would be approaching 80 years old. The guys who were a teenager in the 70s, are nearly 70. The things that matter to this generation of buyer don't line up with what a younger buyer with no attachment to the car wants.

Things like numbers matching NCRS status, rarity, originality, etc don't matter to someone who has never primed a car to start. We don't long for a time with crank windows and.manual brakes, we don't have memories of a car that was in **** carpet green or whatever.

To a younger guy like me, I absolutely will not pay for a car that has original paint and motor and things like that. I'd be far more inclined to buy a frame off restomod with an LS3 that will start up when I hit the button every time. I think this is going to compress prices more than anything, where the time capsule cars don't have the big price delta.

The cars that are rare and special will still command a pre.ium as collector pieces. But a regular 427 or 454 car? Or a 350 car? Nah. I think as the owners who have an attachment to these cars age out and their kids sell their cars, the prices will go down a lot. Not just Corvettes, but really all cars from that era. Corvettes will likely fare better, as will Mustang, Camaro, Challenger, probably Charger and Chevelle will do OK... but the rest of the cars from that era, they're gonna get crushed in value.

 

FAUEE,
I have been saying that for a long time but it still hasn’t happened. It actually surprises me anyone even really values these cars at all.

I’ve also said if you are worried about prices and making money or investing, find something else. I couldn’t care LESS if these cars are valueless in the next five/ten/fifteen years. I have never been into it for the money. I like the cars. I make money elsewhere. If the bottom drops out, I’ll just keep buying them. I like them because I like them. Not because I need them as a retirement plan.

Nothing anyone says/writes here will impact the value one way or another. There are actually people who believe that if you say “prices will go down” they actually go down. Delusional. The buyers will set the market price. Not the sellers or the pundits. When the buyers don’t buy, prices will go down. So far that hasn’t happened. Why even worry about it? If you like the C3, buy it and drive it.

 

Most of us have no idea what will happen. If you want the car you will pay for it.
seems like a stupid topic.

 

Wow, that's some insightful input there. Sage like advise for the history books. It's not a stupid topic. If it's so stupid, then why waste your time even adding anything at all? Good grief, dude - Don't troll... Grown adults are having a conversation here, and I think it's quite interesting.

Add something valuable, or don't say anything at all. Just move onto another thread that isn't 'stupid'.

I swear, some of you old timers on the forum think you can just waltz into any conversation and say something dumb and/or unhelpful, expect members to take you seriously, and then leave. No way, Jose.... Not THIS member. I call crap like that out every time.

 

Speculation and Opinions, just like every other topic.

 

And some opinions are more helpful than others. Yet another not so helpful post. Seriously, these one or two sentence uninsightful responses are of absolutely no value. If you have something to say that is actually relevant and useful to the conversation, then say/write it. Otherwise, just move on to another thread and add to your meager post count somewhere else.

 

I completely agree. If you like a car, buy it and drive it for you, not because you think it may appreciate, because there's a reasonable chance it won't.

The people with first hand attachment to a 1970 (when new) are about 60 years.old at the youngest (if they were a young kid at the time and got an attachment to one somehow). That's still plenty young enough to enjoy one, and many would say prime financial time to do so because they're likely at the apex of their wealth prior to retirement. They will continue to dominate the pricing for these cars for probably 10 years, and so they will likely be fairly stable for that time.

All that said, buy the car you like, not the car you think will make or hold value. My generation is just gonna pull the motors and drop in LS motors with 6 speeds anyways.

 

pulling motors and trans to install LS3s and 6speeds along with all other parts and pcs required to do so
will increase the total cost 25k or more, about the cost of a nice driver , so some might do it ,most will not
the ones I have seen converting to that setup are old guys with a lot of money,