427 Convertible as a collector car?
03-15-2016, 05:59 PM
#1
Racer
Thread Starter
427 Convertible as a collector car?
From an Eckler's email:
Future Collectible: 2013 Corvette 427
By R.J. Schmieder • Photography by Colin Date
Future Collectible: 2013 Corvette 427: The 2013 Corvette 427 Convertibles are no longer being built (since the new 2014 C7s are well into their production cycle), but these special Corvettes will become highly sought after and collectible from here on in. With a limited production run of 2552 units and the highest priced model in 2013 (at $76,900), the 427 Convertible basically has guaranteed collectability written all over it.
These cars were made as convertibles only, but had the Z06 elements. The 427 LS7 was rated at 505 horsepower and, like the Z06, it had a dry sump oil system. Many features of the ZR-1 were also included in this special package, such as the rear spoiler, carbon fiber hood, fenders and floor panels.
The 427 Convertibles came in 10 color options, but the Inferno Orange will be the rarest of them all with only 17 produced. Your basic white was the most popular with 1181 units being sprayed this color. So if you are looking to invest, get one of the Inferno Orange (17), Blade Silver (56), Supersonic Blue (28) or Velocity Yellow (94) versions, which saw the smallest production runs.
These special cars will eventually join those many other collectible Corvettes, such as the 1957 Fuel Injected Corvette and the 1967 L-88. GM combined looks and performance to finish out the production run of the C6 generation.
So, keep an eye on these 427 Convertibles. You’ll see them start climbing in value within the next year or two. If you have the means, get yours soon!
Future Collectible: 2013 Corvette 427
By R.J. Schmieder • Photography by Colin Date
Future Collectible: 2013 Corvette 427: The 2013 Corvette 427 Convertibles are no longer being built (since the new 2014 C7s are well into their production cycle), but these special Corvettes will become highly sought after and collectible from here on in. With a limited production run of 2552 units and the highest priced model in 2013 (at $76,900), the 427 Convertible basically has guaranteed collectability written all over it.
These cars were made as convertibles only, but had the Z06 elements. The 427 LS7 was rated at 505 horsepower and, like the Z06, it had a dry sump oil system. Many features of the ZR-1 were also included in this special package, such as the rear spoiler, carbon fiber hood, fenders and floor panels.
The 427 Convertibles came in 10 color options, but the Inferno Orange will be the rarest of them all with only 17 produced. Your basic white was the most popular with 1181 units being sprayed this color. So if you are looking to invest, get one of the Inferno Orange (17), Blade Silver (56), Supersonic Blue (28) or Velocity Yellow (94) versions, which saw the smallest production runs.
These special cars will eventually join those many other collectible Corvettes, such as the 1957 Fuel Injected Corvette and the 1967 L-88. GM combined looks and performance to finish out the production run of the C6 generation.
So, keep an eye on these 427 Convertibles. You’ll see them start climbing in value within the next year or two. If you have the means, get yours soon!
03-15-2016, 06:56 PM
#3
Race Director
Without a doubt a future collector car. However, now is not the time to buy them. Right now they're about $20k higher than I think is going to be the sweet spot to buy them. Give it 3-4 years.
03-15-2016, 11:58 PM
#4
Team Owner
Not in your lifetime, car was a performance FAIL. A real WAXMOBILE...
Last edited by Racer; 03-15-2016 at 11:58 PM.
03-16-2016, 12:02 AM
#5
Le Mans Master
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waxmobile?
03-16-2016, 01:14 AM
#6
Le Mans Master
Keyword: "eventually".
We'll overlook several factual errors in the story. ("ZR1 fenders and floor"??? No)
Don't get me wrong, the 427 vert is a great car, and I think all 427 C6 will likely hold value better than other C6's, but I'd guess we'll see years (5-7) of price decline before the 427 Vert might appreciate. Even that is assuming the economy doesn't tank and gas prices don't go through the roof again.
Just my opinion, YMMV, etc etc...
We'll overlook several factual errors in the story. ("ZR1 fenders and floor"??? No)
Don't get me wrong, the 427 vert is a great car, and I think all 427 C6 will likely hold value better than other C6's, but I'd guess we'll see years (5-7) of price decline before the 427 Vert might appreciate. Even that is assuming the economy doesn't tank and gas prices don't go through the roof again.
Just my opinion, YMMV, etc etc...
Last edited by Kent1999; 03-16-2016 at 01:20 AM.
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03-16-2016, 04:10 AM
#8
Burning Brakes
Maybe in about 20 years from now. So if you can keep the car that long with low miles? Even the C4 ZR1 is not selling for a lot yet and that model had it's own dedicated engine as well as special features.
03-16-2016, 08:19 PM
#9
Drifting
As one of the 94 velocity yellows in existence, I may be partial in my thoughts 
That said, I've always been a believer that buying a car with the title collector's edition in the name usually doesn't mean it will be collectible...at least not for a very long time. Collector editions of cars tend to be mostly smoke and mirrors with a higher price tag and usually a limited run.
I bought my 427 only because I salivated over the thought of a convertible version of the Z06 (more or less) from day one, not because I wanted to sit and watch it appreciate before my very eyes. The fact that they call it a "collector edition" holds no weight with me. Car shows tend to value it more than anything, honestly.
A man much wiser than myself once told me "buy a car to enjoy it, not to make a profit. If you happen to get more out of it than you paid, pick up a lotto ticket on the way home".
That said, I've always been a believer that buying a car with the title collector's edition in the name usually doesn't mean it will be collectible...at least not for a very long time. Collector editions of cars tend to be mostly smoke and mirrors with a higher price tag and usually a limited run.
I bought my 427 only because I salivated over the thought of a convertible version of the Z06 (more or less) from day one, not because I wanted to sit and watch it appreciate before my very eyes. The fact that they call it a "collector edition" holds no weight with me. Car shows tend to value it more than anything, honestly.
A man much wiser than myself once told me "buy a car to enjoy it, not to make a profit. If you happen to get more out of it than you paid, pick up a lotto ticket on the way home".
03-16-2016, 09:12 PM
#10
Race Director
Rarity and visual differentiation are the two things that make a car more likely to be a collector. The exposed carbon fiber roof of the C6ZR1 is going to be one of those visual differentiators, so I believe it will be a btter collector car than a C6 or C7 Z06. I think some of the limited edition Z06s might be collectible too (the carbon edition for example), and a Centennial Edition has a decent chance of becoming a collector item (less so for base and Z06 models IMO).
03-16-2016, 09:30 PM
#11
Le Mans Master
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^I think you're more or less correct here. The '96 GS is the closest comparison that comes to mind for me too. That said, 20 years later excellent, low mile examples can be bought for 50% of original MSRP. If the 427 follow suit, the time to pick one up is about 5 years from now and enjoy it for free, well at least with no depreciation.
Edit, more like 60-65% of MSRP.
Edit, more like 60-65% of MSRP.
Last edited by 919cw313; 03-16-2016 at 09:53 PM.
03-17-2016, 12:01 AM
#12
I couldn't disagree more with this. If it's ever going to be a collector car, which is all but certain, it will take multiple decades for the price to hit a bottom and begin to rise.
If you bought one now, you'd pay for two or more decades' worth of depreciation.
(Yes, even if it was garage queened, it'd still depreciate a lot.)
After all that, if it goes up, what's the bet that it will go up any faster than inflation? Or, if we're being generous, any faster than the market as a whole?
Save your money, invest it wisely, don't use corvettes to invest.
If you bought one now, you'd pay for two or more decades' worth of depreciation.
(Yes, even if it was garage queened, it'd still depreciate a lot.)
After all that, if it goes up, what's the bet that it will go up any faster than inflation? Or, if we're being generous, any faster than the market as a whole?
Save your money, invest it wisely, don't use corvettes to invest.
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03-17-2016, 11:20 AM
#13
Drifting
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fireparamed (08-03-2018)
08-03-2018, 10:12 AM
#15
Instructor
I bought my 427 vert to drive and enjoy, it is somewhat unique which keeps the car interesting. If it maintains value or depreciates less vs a GS with same "skin", great! The reality with cars is you make or lose money the day you buy it not the day you sell it; afterall, that's where the term "buy it right" comes from. All corvettes reside on the continuum of collectability. The real question is where does this particular flavor fall on that continuum. How fast and how far will it move up that same continuum is anybody guess. I think its early to make any actionable calls. Hope is not a strategy, buying a car with positive hope and good feelings about future appreciation is not a sound investment strategy. Big blocks and side pipes however do bring about good feelings and good sounds...
08-03-2018, 10:57 AM
#16
Burning Brakes
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I bought my 427 vert to drive and enjoy, it is somewhat unique which keeps the car interesting. If it maintains value or depreciates less vs a GS with same "skin", great! The reality with cars is you make or lose money the day you buy it not the day you sell it; afterall, that's where the term "buy it right" comes from. All corvettes reside on the continuum of collectability. The real question is where does this particular flavor fall on that continuum. How fast and how far will it move up that same continuum is anybody guess. I think its early to make any actionable calls. Hope is not a strategy, buying a car with positive hope and good feelings about future appreciation is not a sound investment strategy. Big blocks and side pipes however do bring about good feelings and good sounds...
Dealers make money trading cars. Collectors waste money trading cars. A collector that makes money on their cars is the rare exception to the rule.
08-03-2018, 11:38 AM
#17
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The single C6 that might possibly be collectable.
08-03-2018, 01:01 PM
#18
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^ Not ZR1?
08-03-2018, 01:31 PM
#19
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St. Jude Donor '05
In 20+ yrs we may not be allowed to drive anything gas powered... collosal waste of money buying late model anything and hoping it will be collectible.
Usually everyone knows about em (like the GNX, 69 Z/28) right off the bat
Thing is if you kept up maintenance, insurance registration etc for that many yrs it better appreciate...a LOT. Most times youll lose money on this entire deal if you count everything, and should.
Enjoy the experience of drivng them fresh, let someone else play that game and get potentially bitten
FWIW many C4 ZR-1s are sitting aroudn with less than 1000 miles on them still rotting needing lots of work.
Enjoy the experience of drivng them fresh, let someone else play that game and get potentially bitten
FWIW many C4 ZR-1s are sitting aroudn with less than 1000 miles on them still rotting needing lots of work.
Last edited by cv67; 08-03-2018 at 01:32 PM.
08-03-2018, 02:32 PM
#20
The other problem is that unlike the muscle car values which are up again after tanking a few years ago.....the 70’s muscle cars themselves were destroyed in such large quantities because almost nobody thought of them as “collectors cars” when they were driving and beating the **** out of them. Now, just like baseball cards, many people DO think that their car is going to be collectible so they don’t put miles on them and just garage them.....which ultimately keeps too many low mileage examples available making none of them as collectible! Just my thought.
I had had a fellow firefighter that had rebuilt 3 late 60’s era muscle cars to full original restoration......they were valued 250000-300000 each and we’re going to be his 3 kids inheritance.....then the market crashed and the prices fell to around 100000 each and he was devistated. They’ve started to rebound, but even in this car market it seems like people just keep finding and restoring more and more muscle cars that were lost for years in garages. I love watching all of the auction shows on cable....but I think that’s one of the things driving the increased collector craze!
I had had a fellow firefighter that had rebuilt 3 late 60’s era muscle cars to full original restoration......they were valued 250000-300000 each and we’re going to be his 3 kids inheritance.....then the market crashed and the prices fell to around 100000 each and he was devistated. They’ve started to rebound, but even in this car market it seems like people just keep finding and restoring more and more muscle cars that were lost for years in garages. I love watching all of the auction shows on cable....but I think that’s one of the things driving the increased collector craze!