I'm helping an older drag racer/hotrodder/corvette guy to sell off his collection. Amongst other things, he has a complete LS1 engine he bought in 1997, brand new in crate. He never took it out of the crate and it has remained in his temperature controlled warehouse. I have absolutely no idea what an engine like this is worth in this condition.
Could somebody tell me what is a realistic price to ask for this engine, so I could sell this stuff quickly and efficiently for him? I have checked Ebay and can't find a "brand new" LS1 to use as reference.
I will put it for sale in the C5 parts for sale section first, so a Corvette brother can have first shot at it.
Thanks

 

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Sent PM to Tact....might even have sent it twice...accidentally.

 

Weird that it has a drive by wire throttle body and the corvette fuel rail covers.

 

Very strange - notice the throttle body. No motor - it's like the cable-operated f-body TB. It also has EGR like the f-body. This is, indeed, rare.

 

I have my doubts on that being a true drop in corvette LS1 I am thinking its more of the F-body LS1 with corvette engine covers ..which also hints is the fact the throttle body..but value I would say a lot less then what they go for new from any crate catalog you can get them from...not sure if you would have to tear it apart and put fresh gaskets or not for something that has been setting that long????

 

ditto....

Maybe $2500..... and that's asking a lot considering the risk and labor involved in tear down, inspection and replacement gaskets. Just think, it hasn't spun over in 17 years since it was put together during assembly. It probably is perfect, but you never know for sure until you turn it over.

 

Apparently from the responses I've gotten, this is not a Corvette but a Camaro/Firebird engine. The box has a shipping date of Oct '97, so maybe it's a '98?? Can anyone tell?
I'm not going to sell it on Corvette Forum and am embarrassed that I thought it was a Corvette engine, I will probably just put it on Ebay.
I've attached some more pics and would appreciate if anyone could tell me more accurate info about it and whether $2500 should be the price-range I should shoot for.
Thanks for your time.

 

Just put it on ebay with a 'feeler' auction...will give you an idea what someone is willing to pay for it...be aware shipping is a huge nick, so maybe offer local pickup only.

 

perimeter bolt valve covers (806 heads), egr provision, cable operated throttle body...yup thats an f body ls1 with vette frc's.

 

Not to mention oil pan. The issue I would have with this motor is the fact it has been sitting for such a long time. If it was in a temperature controlled environment the gaskets might not be to bad. It's the dried up lube on journals etc. that would terrify me. personally I would have to tear it down and re assemble before installing and firing it up. As is, it will probably fire right up but it may destroy itself in minutes.

 

If I were you, I would remove the Corvette fuel rail covers. It may be construed as misrepresenting the engine and you could end up with problems with potential buyers on Ebay. By the way since that engine does not have drive by wire, it may actually be more desireable for most hotrodders.

 

I think you're right, I will remove the covers before I put it up for sale. I thought it is drive by wire...???
Can someone help me....what is drive-by-wire anyway?

 

Here you go. Definition straight from Wikipedia:

Electronic throttle control (ETC) is an automobile technology which electronically "connects" the accelerator pedal to the throttle, replacing a mechanical linkage.[1] A typical ETC system consists of three major components: (i) an accelerator pedal module (ideally with two or more independent sensors), (ii) a throttle valve that can be opened and closed by an electric motor (sometimes referred to as an electric or electronic throttle body (ETB)), and (iii) a powertrain or engine control module (PCM or ECM).[2] The ECM is a type of electronic control unit (ECU), which is an embedded system that employs software to determine the required throttle position by calculations from data measured by other sensors, including especially the accelerator pedal position sensors, engine speed sensor, vehicle speed sensor, and cruise control switches. The electric motor is then used to open the throttle valve to the desired angle via a closed-loop control algorithm within the ECM.
The benefits of electronic throttle control are largely unnoticed by most drivers because the aim is to make the vehicle power-train characteristics seamlessly consistent irrespective of prevailing conditions, such as engine temperature, altitude, and accessory loads. Electronic throttle control is also working 'behind the scenes' to dramatically improve the ease with which the driver can execute gear changes and deal with the dramatic torque changes associated with rapid accelerations and decelerations.

 

The terms are confusing.

"Drive by wire" is used to mean an electronically controlled throttle, as opposed to the old school mechanical cable connection.

"wire" = electronic, "cable" = mechanical.

 

So you're saying this is not a "drive by wire"?

 

It can also refer to steering.

 

Correct, that is a drive by cable.

 

The LS1 first appeared in Corvettes in 1997.
The LS1 first appeared in F-bodies in 1998.

The Oct '97 date, plus all the other characteristics already mentioned, indicates this is indeed an F-Body (Camaro/Firebird) engine originally built for the 1998 year model, which is also the first year the LS1 appeared in Camaros/Firebird Formulas and Pontiac Trans-Ams. As someone else stated, I think someone has simply snapped the Corvette fuel rail covers on it.

HTH