69 L88
Team Owner
Joined: Jul 1999
Posts: 26,545
Likes: 46
From: Huntersville NC
Safety Car
Joined: Dec 1999
Posts: 3,609
Likes: 841
From: PA
Re: 69 L88
$105,100 to be exact...
I was following that one myself. I really dislike the "private auction" feature as it can be seriously abused if one was so inclined. I'd be very interested to know who the bidders on this car were.
I'll stick to my guns... $100,000 is more or less the going rate for a restored 1968-69 convertible. The owner/seller seems very determined to hold the car until they get close to the $119.000 price in Hemmings.
Best of luck to them.
Regards,
Melting Slicks
Joined: Aug 2000
Posts: 2,767
Likes: 1
From: Spring Branch Texas
Re: 69 L88 (Rowdy Rat)
It's back on e bay today . "buy it now" for $125,000.00. Curious how they use the B.J. auction '67 L88 no sale at 450,000.00 as though these vettes are to be compared in the same "league". One of the guys selling this vette is a "professional" car broker , the other guy(owner) has a bit of money and can afford to wait for a better price . There is nothing wrong with this type of thinking , it may be the kind of posture that will help "build up" the sagging values of '68-'69 L 88's .(But I'm just not putting my money on this position) . It's a good car , it's a real car , it's in great condition , but todays market does not command the asking price ( hell , there are plenty of collectors worldwide with plenty of cash , if this car was worth so much it would of sold a long time ago). The year is 2002 ---not 1989 ---- maybe next year we will all look back and wish we had bought this vette , we'll see . My .02 , Geo 
Team Owner
Joined: Jul 1999
Posts: 26,545
Likes: 46
From: Huntersville NC
Re: 69 L88 (geopar)
I will let you guys be the judges :) (literally, and figuratively), but for my money, if I had the money, I would spend on an original car as opposed to a "real" car. We had this discussion before, and i understand it is not unusual to have L-88s with replacement engines, but once that original engine along with some other original parts is gone.... it just looses the attraction, especially when you start listing the things that make an L-88 a rare collectible car distinct from all the other run-of-the mill 69 corvettes. They used the same frames, the vin is not distinctive, they just added on some high performance parts and deleted some options! :) So for my money, once you replace those things that made it an L-88 in the first place, I lose interest. I would rather spend $20 - 30k on a nice clone before I would spend $100k on that car. And if it took $150k to by a documented original, then that's where I would spend my money. MJ
Safety Car
Joined: Dec 1999
Posts: 4,148
Likes: 5
From: Roxbury NJ
Re: 69 L88 (MNJack)
Hey Mark, my insurance company (Hagerty) just sent me a letter suggesting that the market for our cars has risen during the last year. They suggest that I increase my "agreed value" by $3500! The difference in premium would only be like $20. I wonder if they're right?
-Joe
-Joe
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Team Owner
Joined: Jul 1999
Posts: 26,545
Likes: 46
From: Huntersville NC
Re: 69 L88 (Flareside)
Joe, that assessment is correct, but it only applies to original cars, not highly modified vehicles with built engines, 5 speed transmissions, you know, stuff like that! :D :D :D MJ
Safety Car
Joined: Dec 1999
Posts: 4,148
Likes: 5
From: Roxbury NJ
Re: 69 L88 (MNJack)
Joe, that assessment is correct, but it only applies to original cars, not highly modified vehicles with built engines, 5 speed transmissions, you know, stuff like that! :D :D :D MJ
You know your gonna want a ride... :lol::lol:
Safety Car
Joined: Dec 1999
Posts: 3,609
Likes: 841
From: PA
Re: 69 L88
...for my money, if I had the money, I would spend on an original car as opposed to a "real" car.
I've always had a real fascination for L-88s and have been looking at them in detail for years. Within the last five years or so, I've been looking to purchase one and have inspected a fair number with that in mind. Like you, I would love to find a completely original car (paint, interior, engine, etc.), but in all the time I have spent looking at these cars, I've personally seen five 1968-69 L-88s (1 '68 and 4 '69s) that fit that description... and none of these are for sale at the moment.
What do you do then?
You can wait for one of the above cars to come up for sale, although only one of the five has sold within the past five years so you might be in for a long wait. There are a lot more restored cars out there and if these are the only cars available for sale, your options are already narrowed down for you.
I've been dragging my feet though so you may be right... Subconsciously, I might be holding out for an original car. :)
Regards,
Thread Starter
Safety Car
Joined: Jan 2001
Posts: 4,414
Likes: 766
From: Barrington IL
Re: 69 L88 (Rowdy Rat)
MJ, I can definitely relate with you on your position on originality but I really feel what is important is what was the car equipped when new not does it have the original air in the tires :lol: To give you an example just look at the 63 Grand Sport. I would venture to say that not one has its OM or body panels but are still worth over a milion dollars. Another example are the 67L88s. I believe that only 3 or 4 have the OM but a real one is worth 500K. While I agree with you an that original car is worth more , it is really difficult to tell if it is unless you have complete owner history and documentation.
Race Director
Joined: Nov 2000
Posts: 16,416
Likes: 1
From: NC,USA
Re: 69 L88 (SBR)
at 100k they start to turn into furniture, or display pieces... Tho i would drive it... if i could afford it, dont think i have 100k spare change laying around... gotta go check the couch. :jester
