Let discuss pricing based on these numbers here:

http://forums.corvetteforum.com/1585667420-post5.html

Average sale price of 66K based on the research done.

If we are including CE block sales in this average this would make the sale price of an original block over 100K if we are doing a 50% deduction on a NOM just alone. This is WAY OFF THE CHARTS for a 1971 LS5 corvette original corvette. They just don't sell at over 100K, yet.

Let's say that it doesn not include CE block sales. Current average price 66K for an original motor car? I would say in the auction houses such as Barrett Jackson, proteam, and others PERHAPS we are approaching that number, if we are including commission in the pricing of course.

So let's just for sake of argument we knock off 50% for a NOM. That leaves us with 33K average price.

Is 33K a number that one would expect to pay for a NOM 1971 LS5 corvette? I would say NO WAY to this. Current market does not support this at all. Here is why....

Let's use a real example here. A 1970 454 car. 1970s as you all know are MORE desirable and worth MORE than 1971 corvettes. Reasons, shortage that year, and last year of the big HP before they were detuned.

This car has been on sale for months and months and continues to be on sale. It has been on other sites for sale as well and has NOT moved.

The question is WHY?

Is it the PRICE?

http://forums.corvetteforum.com/c3s-...-for-sale.html

So if you match the 1970 up to the 1971 both NOM, the 1970 wins ALL DAY long in terms of demand and desirablilty in the scenario. But, still NO SALE at it's current pricing.

I think we are looking at a GREATER than 50% loss off the estimated average of 66K that was reported for a 1971 LS5 corvette. I know this is hard to swallow, but the facts support it.

 

Marc,

You've made a lot of assumptions there, and you are using one car for a sample. Unfortunately, I have no data, but I will remain skeptical that NOM drops 50% of the car's value.

 

My guess would be closer to a 25% loss. I really can't see a 50% drop of actual sale prices. Maybe the asking prices are 50% different but when it comes to sales I would be very surprised. The only way I could see that kind of a difference is if we were comparing a Top Flight numbers matching car to a standard NOM car.

 

My vote is to let this thread die. The OP asked only about the CE stamping. The thread has never been about value or worth and no reason to lead it off in that direction.

 

Guess it depends on the buyer, what they are looking for or how bad they want the car. For example, in my particular case, there is no price unless its free or extremely cheap where I would consider buying a NOM car. Matter of fact its not just the NOM it gotta have matching trans, rear, color and trim as well.

 

Good point. I have another here. Actually a 1971 LS5 454. The ad says original motor but I am skeptical. Look at the tach. It is not 5600 rpms which it should be.

http://www.hemmings.com/classifieds/...e/1615867.html

But I imagine the seller is pricing it out as original. Would be nice to see the engine stamp to see if it is indeed a NOM. I doubt it is a CE motor block though. I am thinking it could very well be a real LS5 from another car put into a small block car and changed the hood. Why would the tach be wrong?

Anyway, comparing apples to apples we are well below the reported average price for a 1971 LS5 car.

 

When I suggested up to 50% I was thinking about very rare high performance Corvettes, LS6, L88, etc. The big differential in price being due to the true original being so rare the prices are usually WAY higher than all others. On average I'd guess 20% to 30% may be typical. Just a guess.

 

OP said in the 4sale thread that he has done his research & knows what to ask. And good luck to him.

 

Mike, I think discussions of CE blocks (or any NOM) typically tie into how it affects the value of the car. Many are under the belief that a CE block as a warranty replacement is just as good as the original itself. I think this forum helps them understand that is not the case.

I believe you also linked the "value" thread to this thread as well.

 

This party has a new address. Please forward all mail here!

Thanks!

http://forums.corvetteforum.com/c3-g...on-thread.html

 

I don't disagree. All I'm saying is this particular thread has run it's course.

Bingo. I feel a new thread is the way to go at it.

 

I am not a "need the credit type of guy", I guess that is important to some!!!!! Mike can have the credit for adding that info first (built to 1974)!!!!!! And sometimes it is a good thing to hear the same thing from multiple people! I didn't know you were the score keeping moderator!!!!!

PS other guys also commented first on the hurt value with a CE, but it was nice to hear your validation "opinion" also on that.

 

Good discussion value is right in line with CE blocks. If we have non-moderator, forum cops here we can move it somewhere else ...

NEXT!