71 LT1 Authenticity

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Apr 17, 2010 | 08:13 PM

#41

vettes4evr

Racer

Joined: Jan 2010

Posts: 402

Likes: 1

From: Medford NJ

Quote:

Originally Posted by dmayhew

An original tru LT-1 in the 20 to 25K range will be in poor condition

A good quality driver with most of the original pieces will start at 30K

To get a high #2 o low # 1 car with smog / TI still present will start getting in the 45 and up range

The car you want is out there, just keep looking.

Thanks
David

Keep telling yourself that and the seller will gladly take your $45k instead of $25k .......like I just paid ....for my 1972 LT-1 coupe WITH AIR CONDITIONING, p/w,p/s,p/b,tilt/tele,stereo, and smog pump. Yes it's matching numbers, date codes, and an original A/C LT-1. Get 'em while they're hot, before the market bounces back.

Apr 17, 2010 | 08:43 PM

#42

dmayhew

Drifting

Joined: Oct 2007

Posts: 1,254

Likes: 5

From: Brown Summit North Carolina

Quote:

Originally Posted by vettes4evr

Vetts4evr

I do not think getting an original matching numbers 72 LT-1 with air for 25K is normal at all ,if it is in a high #2 or low #1 condition as I mentioined. There are always extrem cases. My brother in law got a 750,000.00 forclosed house in a very rural area for 400K about 5 years ago. Bank had tried to sell it for 3 years and it was just too far out in the booniesand no one wanted it. These things are execptions not the rule.

Happy for your buy, sounds like you hit a home run.

Hope you have a great day sir.

David

Apr 17, 2010 | 09:44 PM

#43

noonie

Race Director

Joined: Mar 2006

Posts: 14,112

Likes: 28

From: Florida

Quote:

Originally Posted by dmayhew

Vetts4evr

I do not think getting an original matching numbers 72 LT-1 with air for 25K is normal at all ,if it is in a high #2 or low #1 condition as I mentioined. There are always extrem cases. My brother in law got a 750,000.00 forclosed house in a very rural area for 400K about 5 years ago. Bank had tried to sell it for 3 years and it was just too far out in the booniesand no one wanted it. These things are execptions not the rule.

Happy for your buy, sounds like you hit a home run.

Hope you have a great day sir.

David

Correction:
He got a 400k house for 400k.
Welcome to the new economy.

It's something all of us have to get used to.

Apr 17, 2010 | 11:54 PM

#44

vettes4evr

Racer

Joined: Jan 2010

Posts: 402

Likes: 1

From: Medford NJ

The economy has reduced the demand for many high $ items. Corvettes being one of them. The number of true buyers with cash or credit available to them is now very limited, compared to years past. And you see the effect on the housing market. Same with collector cars. Many owners are still in denial, and believe that they can get "Barrett Jackson" prices (where I believe that many of those buyers are out of touch with reality as well). So yes, it IS a buyers market. Unfortunately, all too often these days, its due to a seller losing their job and maybe close to losing their home.

I don't think we're done seeing alot of prices being compromised yet.

Apr 18, 2010 | 12:02 AM

#45

USALT1

Racer

Joined: Feb 2007

Posts: 262

Likes: 2

From: FREDERICKSBURG VA

[IMG]

[/IMG]

I've had this '71 LT1 shortblock for about 30 years. It's out of a Camaro Automatic "CGR"
As you can see the "R" is double stamped. It may not look just right, but it is original.

Apr 18, 2010 | 08:28 AM

#46

dmayhew

Drifting

Joined: Oct 2007

Posts: 1,254

Likes: 5

From: Brown Summit North Carolina

Quote:

Originally Posted by noonie

Correction:
He got a 400k house for 400k.
Welcome to the new economy.

It's something all of us have to get used to.

He bought the house 5 years ago, that time frame has nothing to do the the current situation in the economy

Thanks
David

Apr 18, 2010 | 08:45 AM

#47

mrvette

Team Owner

Joined: Jul 1999

Posts: 65,492

Likes: 230

From: Orange Park Florida

Meanwhile the elephant in the room has been totally ignored in this thread, the facts are that about 1/2-2/3 of the NCRS winner cars out there are fakes....hardball fact.....NCRS types do not want to believe that, but it's true....

and I have seen it done myself, by folks who really know more than the NCRS judges....

SO any time someone tries to sell ME on any resto of ANY car, vette included, I just ignore all that stuff, as basically a worthless paper chase with NO PAPERS even, for the vettes of that era.....

but then again, I don't care to house some garage queen that only goes to shows, either.....

I run the sox off my cars.....

Apr 18, 2010 | 09:05 AM

#48

Mike Ward

Race Director

Joined: Jul 2001

Posts: 15,892

Likes: 42

Quote:

Originally Posted by mrvette

Meanwhile the elephant in the room has been totally ignored in this thread, the facts are that about 1/2-2/3 of CF Forum members don't know squat about NCRS judging....hardball fact.....CF types do not want to believe that, but it's true....

I run the sox off my mouth.....

Fixed your post for you.