Valuing a redone 1969 driver
07-19-2018, 06:05 PM
#1
Valuing a redone 1969 driver
A friend was looking at this and thought it would go pretty cheaply (like $12-$15K) as its not numbers matching and has a bunch of new parts so it can be a sometimes daily driver.
1969 Convertible
I have no idea of the value and would appreciate any members thoughts and inputs. Its not a car I would ever buy as I think the blue with blue is like a smurf mobile but would love to know
how much redoing stuff with newer parts affects the value because no numbers match.
Thanks all for your input.
1969 Convertible
I have no idea of the value and would appreciate any members thoughts and inputs. Its not a car I would ever buy as I think the blue with blue is like a smurf mobile but would love to know
how much redoing stuff with newer parts affects the value because no numbers match.
Thanks all for your input.
07-19-2018, 06:18 PM
#2
Instructor
I don't love the blue interior either, but I think those are pretty easy to change. What's sad for all these resto-mods is that they almost always go for way less than the owner invested in the performance.
Also, it's an auto. They don't mention power steering or power brakes. I would guess 30k assuming everything works as it should, and the car is clean.
Also, it's an auto. They don't mention power steering or power brakes. I would guess 30k assuming everything works as it should, and the car is clean.
The following users liked this post:
Stan Pietruska (07-19-2018)
07-19-2018, 06:32 PM
#3
Pro
Some may be turned off by the blue interior, but if it is as clean as it looks, the work done is documented, and its rust free, anything under 25K will be a bargain.
The following users liked this post:
Stan Pietruska (07-19-2018)
07-19-2018, 06:36 PM
#4
Melting Slicks
A friend was looking at this and thought it would go pretty cheaply (like $12-$15K) as its not numbers matching and has a bunch of new parts so it can be a sometimes daily driver.
1969 Convertible
I have no idea of the value and would appreciate any members thoughts and inputs. Its not a car I would ever buy as I think the blue with blue is like a smurf mobile but would love to know
how much redoing stuff with newer parts affects the value because no numbers match.
Thanks all for your input.
1969 Convertible
I have no idea of the value and would appreciate any members thoughts and inputs. Its not a car I would ever buy as I think the blue with blue is like a smurf mobile but would love to know
how much redoing stuff with newer parts affects the value because no numbers match.
Thanks all for your input.
The following users liked this post:
Stan Pietruska (07-19-2018)
07-19-2018, 06:42 PM
#5
So if this was all original and numbers matching, what would it be worth, 50-60k?
Just trying to understand how much the restomod devalues it from an all original. Looks like it has a crate engine.
The wheels look like Cragar rims which are pretty basic and not expensive.
Just trying to understand how much the restomod devalues it from an all original. Looks like it has a crate engine.
The wheels look like Cragar rims which are pretty basic and not expensive.
07-19-2018, 08:01 PM
#6
Race Director
Numbers-matching LT1 maybe. Numbers matching base motor motor with Rallye Wheels probably worth less than the LS7 version.
07-19-2018, 08:07 PM
#7
Team Owner
Looks nice. Tough to comp it against a stock vehicle, as it's going to attract a different type of buyer. I guess factoring in what it might cost to build to someone's taste would provide a benchmark on top of a price for a decent C3 example.
Don't forget the buyer's premium, which might be in the 10% range.
Don't forget the buyer's premium, which might be in the 10% range.
07-20-2018, 12:36 AM
#9
1st Gear
Member Since: Jul 2018
Posts: 1
Likes: 0
Received 0 Likes
on
0 Posts
Overvalued
Reminds me of when former baseball picher rob dibble spent $125k on a custom restomod of a 68 camaro. He had it listed for $89k for two years. He finally sold it for $29k. He got destroyed on that one.
You never get the money back on restomods.
You never get the money back on restomods.
07-20-2018, 07:47 AM
#10
Team Owner
Member Since: Jun 2000
Location: Southbound
Posts: 38,928
Likes: 0
Received 1,469 Likes
on
1,248 Posts
Cruise-In II Veteran
.
07-20-2018, 08:46 AM
#11
Safety Car
Right now restomods are the in thing often selling for more then restored numbers cars. If you think you're going to get a bargain just because a car has been restomoded you're in for a surprise. YMMV
07-20-2018, 11:06 AM
#12
Administrator
Member Since: Jul 2000
Location: About 1100 miles from where I call home. Blue lives matter.
Posts: 51,411
Received 5,331 Likes
on
2,775 Posts
I’ve always thought blue/blue convertibles were beautiful and popular. This is the first disparaging reference (“Smurfmobile”) I’ve actually read on that color combo. That said, if you/your friend hate it, you shouldn’t buy it. A paint job costs... a lot.
I don’t care for the modifications either, but 12-15 for a running, complete ‘69 roadster is simply not reasonable. That’s mediocre coupe money.
The debate about restomod vs original is another conversation entirely, but you seem to be missing the point. While it’s very possible a seller could lose a significant amount of his total build cost, the actual selling price is still often higher than a stock car, as some people who like restomods take advantage of a discount buy. But that doesn’t mean the car will sell for ridiculous numbers. 12-15 is not even legitimate. I guarantee the seller at the auction would walk away from a final bid in that range.
I don’t care for the modifications either, but 12-15 for a running, complete ‘69 roadster is simply not reasonable. That’s mediocre coupe money.
The debate about restomod vs original is another conversation entirely, but you seem to be missing the point. While it’s very possible a seller could lose a significant amount of his total build cost, the actual selling price is still often higher than a stock car, as some people who like restomods take advantage of a discount buy. But that doesn’t mean the car will sell for ridiculous numbers. 12-15 is not even legitimate. I guarantee the seller at the auction would walk away from a final bid in that range.
07-21-2018, 09:26 AM
#15
Le Mans Master
The photos look to be digitally enhanced in regards to the blue color. They are just not right.
That said, its a really attractive car and it should sell for good money. I would not be at all amazed if it hit 30k, or even more. If it had a 4 speed I would want to jump on that.
That said, its a really attractive car and it should sell for good money. I would not be at all amazed if it hit 30k, or even more. If it had a 4 speed I would want to jump on that.
07-22-2018, 04:43 PM
#17
Team Owner
Member Since: Oct 1999
Location: Land of Thunder
Posts: 33,595
Received 217 Likes
on
160 Posts
2018 C2 of Year Finalist
St. Jude Donor '12-'13-'14-'15, '19
Having a gen IV LS7 adds a lot of value to that car. It's also slated for auction mid-day Saturday and that's where higher dollar cars sell. Wouldn't surprise me to see it go for $40k or more.
07-22-2018, 04:49 PM
#18
Team Owner
Member Since: Oct 2004
Location: altered state
Posts: 81,242
Received 3,043 Likes
on
2,602 Posts
St. Jude Donor '05
Never get it back on #s correct either unless the mechanicals are just painted and not properly rebuilt, all hardware plated etc.
A "rattlecan" resto...may or may not be profitable but to take an entire car apart, make it truly like new wont make a cent
Last edited by cv67; 07-22-2018 at 05:02 PM.
08-04-2018, 05:15 PM
#20
Just to update you guys, he went to Harrisburg and he was knocked out at $30K. The closing bid was $57,000 he said and the seller's reserve was not met. When he went to "The Bid Goes On Dept" they
said the seller has a $100,000 reserve on the car as he evidently had all the upgrades done professionally. So you guys were right, my buddy was not in tune with reality on the car. I appreciate the education
I received from you guys as well and passed on the knowledge.
said the seller has a $100,000 reserve on the car as he evidently had all the upgrades done professionally. So you guys were right, my buddy was not in tune with reality on the car. I appreciate the education
I received from you guys as well and passed on the knowledge.
The following users liked this post:
Jstan2014 (08-05-2018)