Sting Ray value

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Jan 20, 2004 | 10:54 PM

RAF77

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1st Gear

Joined: Jan 2004

Posts: 1

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From: Friendswood Texas

Sting Ray value

I recently aquired a very special vehicle and plan to keep it but was trying to get an idea of how much I should insure it for. Corvette resellers play a lot of games but I would like the truth. It is a 1972 Sing Ray coupe with only 10,000 documented original miles. It has a 454 with a four speed. The car is absolutely as if it had rolled off the showroom floor. The interior, and carpet looks like new. It has few options. No A/C, P.S., power brakes or power windows. It is Elkart green with black interior. It has the orig AM-FM stereo and t-tops. I have the original shipper and other paperwork. It was certified by a Corvette club as to its authenticity and correctness. It has the original rally wheels and tires. What is it worthg. I saw where a 1969 with 2000 miles bought $168,000. Any Ideas?

Jan 20, 2004 | 11:32 PM

Corey_68

Team Owner

Joined: Feb 1999

Posts: 34,453

Likes: 665

From: Republic of Texas

Re: Sting Ray value (RAF77)

Sounds like a nice Vette, any pics?

I can't help but maybe these guys can. --> http://forums.corvetteforum.com/zeroforum?id=77

Jan 20, 2004 | 11:39 PM

Tom73

Race Director

Joined: Apr 1999

Posts: 15,133

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From: NM

Re: Sting Ray value (RAF77)

NADA Price Guides, http://www.nadaguides.com, show for a '72 coupe with 454 and 4-speed values of: Low, $10,975; Average, $19,750; and High, $30,300. So, from your description I would say somewhere near the high price.

tom...

Jan 21, 2004 | 12:43 AM

Melting Slicks

Joined: Oct 2000

Posts: 3,023

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From: TEXASTEXASTEXASTEXAS TEXASTEXASTEXASTEXAS

St. Jude Contributor

Re: Sting Ray value (Tom73)

:iagree: What Tom said. Probably more if were were a vert, had more options, and was a more popular color. $100K+ is pie in the sky, even for a big block with on 10K miles. I'll bet you a dollar that '69 you referred to was an L-88, not a run of the mill big block.

JB

Jan 21, 2004 | 01:10 AM

JJMURFS

Racer

Joined: Dec 2003

Posts: 257

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From: Livermore CA

Re: Sting Ray value (JB)

:iagree: You have a very nice sounding car but I think 30K is MUCH more in line with real value for the car you described and not 168K.

Jan 21, 2004 | 09:11 AM

Rowdy Rat

Safety Car

Joined: Dec 1999

Posts: 3,591

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From: PA

Re: Sting Ray value

Quote:

What is it worth. I saw where a 1969 with 2000 miles bought $168,000. Any Ideas?

Assuming everything is as original as you say (original paint, interior, etc.) and is in nice shape... Probably in the $32,000-$35,000 range. The fact that the car is a coupe and does not have A/C tend to lower the value a bit, but the originality and low miles more than compensate for this(again, assuming that the car is original and not restored in any way).

I realize that the value is for insurance purposes, but the real problem would be finding another low mileage original 1972 Corvette should you ever have to replace this one. That will be very difficult even if the insurance company is willing to assign a fair value on the policy.

The 1969 Corvette that you referenced was indeed an L-88 (as JB noted)... A different animal and in an entirely different league from a value standpoint.

Enjoy your '72... Sounds like a really nice car!

Regards,

Jan 21, 2004 | 09:16 AM

BoeingDriver

Racer

Joined: May 2003

Posts: 325

Likes: 72

From: Harrodsburg KY

Re: Sting Ray value (JJMURFS)

RAF77,

The 69 Vette that went for $168,000.00 was a gold/saddle L88 with just over 2,000 original miles. The price was $160K plus the $8K buyer's premium. Another 69 L88 (Chip Miller's white/black roadster) sold last summer for $250,000.00. As I'm sure you know, the prices vary greatly depending on engine and other options. Hemmings can give you ballpark values by seeing what others are asking for similar cars. Auction results can be misleading, but, can show what people are willing to pay.

Good luck,

Mark Donnally

[Modified by BoeingDriver, 9:17 AM 1/21/2004]