22.600 for a showroom 94 blk/red

[Vette73]

Since theres always so much discussion on pricing I figured i would post this..Went through my ebay account yesterday and saw that i was following a no reserve auction on a 94 Z....

It actually ended on the 30th of Dec.......I dont know how to forward the link but,it was one of the cleanest Zs I ever saw.....Beautiful black paint, red interior of which only three were made in this color combo in 94..Chrome A-molds w ZR1 engraved center caps,29,300 miles,with new tires.....There were at least 60 photos showing the car.....It spent all its life in Arizona and from the photos i would rate it a 9/10........

It was a no reserve auction and the winning bid was 22,600......So if a 94 this clean can only bring in that type of money what can a 90-91 bring in? I always follow pricing on these cars and other vettes as well.....All across the board prices are down on Corvettes.....

I see some members on other sites advertising 94-95 Zs in the 30s and there not moving at all.....You would think with the bear market we have been experiencing 'I hope its not fake money"and interest rates still very low the sports car market would be strong......Eventually interest rates will rise...

So if you ask me were not at the bottom yet...Prices for our cars will continue to decline...

[WARP TEN]

FWIW, I just posted this on the Corvette Forum ZR-1 section. The 22,600 seems a little low but not too far off, and sometimes cars just come up in an auction setting when there just isn't the right buyer looking or there at the time.

I just received my new 2017 Edition Pocket Price Guide from Sports Car Market Magazine. They cover auctions—a very nice monthly magazine. Their Pocket Price Guide lists median prices from their Platinum Auction Database, a compilation of all auction results in the past year. They used to list high and low prices as well but no longer do, as the highs and lows were often so far off the median they were confusing. So here is their list for ZR-1s. My notes: (1) They do not list how many data points their numbers are based on so it could be a small number is distorting prices, especially in the 93-95 years; (2) I will never understand why Anniversary cars get priced so high since they made so many of them; and (3) I don’t know why their number for 1995s is so high; again maybe a small sample size. While I think I did well, I know I didn't get $48,600 for mine! But here is what they list:
Year Median Auction Value
1990 $24,200
1991 $22,000
1992 $20,000
1993 $25,400
1993 Anniversary $48,600
1994 $27,500
1995 $48,600

--Bob

[Ereeves]

Yeah, I saw your post over there. I have had mine listed since around Oct and have received some interest but no serious offers. The market is not real good right now for sellers.

[DRM500RUBYZR-1]

There is no factual proof of a continuing decline on a widespread basis in the values of high quality ZR-1s.

You have proven that E-Bay, is without a doubt, one of the absolute stupidest places to sell a high quality car, particularly if it is a ZR-1.

In a 7 day auction you have a better chance of being struck by lightning, then you have of finding the right buyer for such a car.

I find the average timeframe to sell a high quality Corvette is easily measured in months, and can take as long as two years.

7 days cannot be defended by anyone other then a desperate seller, or one who wants out at any price, rather than out for the right price.

You can't fix stupid.

The moral to this and similar stories is that if you have a really nice car to sell, put it with someone who can actually sell it, or at least do it yourself.

If it is a crapped out p o s put it in an instant auction or in one of the barter type paper channels or similar electronic channels.

Mecum or Barrett are fine; you could get your clock cleaned or go home with hundreds falling out of your pocket, you just don't know, but at least those boys and girls know what they are doing.

The buyer is not the only person who must "be aware".

:cheers:
Marty

[Vette73]

I've sold two motorcycles in the past on ebay...I wouldn't sell no reserve...That just hurts the value of other autos trying to be sold privately...

I agree dealerships want to move inventory at least some...Have seen a few Zs for sale for over two years now at dealerships and there still there..

A shrude buyer right now is in the drivers seat so to speak..

[edram454]

I wish there was better news about what zr1's should bring but the auction is where the chit walks and money talks. I was never so surprised as to what people would actually pay for them. Even though it is a fantastic car with a pedigree and an exciting story as to how it was built and all of its growing pains and how gm killed it at the end, people in general dont appreciate it as it should be. Most would rather have a pos porsche, or pos bmw or pos ferrari etc... or a new corvette etc... It suffers from the c4 syndrome that most people, not in the know, suffer from. Most people I talk too have never seen a 4 cam corvette and they dont seem to care either. I say, if you want to get rid of her, take your lumps and dont look back. she will be gone in a second at there prices..... not your prices. For those who bought as an investment.... it may not have been a good idea. I would drive it until the wheels come off or wait another 10 years and see what they are worth then. If I were an invester, I would never get into a c4 zr1 period. I would go look at a slow slug pos porsche, pos ferrari or some other pos car that car enthusiasts favor. I would never buy a pos porsche to drive around, it would be sold just like the corner ho. show me da money honey!! those who really like and appreciate what the c4 zr1 is and are close to competent lt5 mechanics should just keep them and enjoy and forget about what it will bring at auction. Just enjoy the beast.

[edram454]

btw,, at 22.6k is a little high. I would expect to pay 20k cash firm. I bet that would buy it at auction.

[DRM500RUBYZR-1]

btw,, at 22.6k is a little high. I would expect to pay 20k cash firm. I bet that would buy it at auction.


Saying a car is for sale by putting it on an auction site or taking it to one is far different from "selling the car".

A good auction house will advertise the car before hand in hopes of bringing it to the attention of someone who actually wants that car, then shows up, in person or on the phone to bid and buy.

E-Bay is nothing like that at all. The people buying there are typically in search of a "deal", or a "steal"
So if selling there, understand that they are the audience you are exposing your car to, and rarely would they pay anywhere near top dollar.

Why would you do that?
Desparate?
Lazy, cant be bothered?
Don't understand?
Or, you just don't care to "work" looking for the right buyer.

Why people would sell a $100.00 bill for $70.00 or worse still amazes me, although you can find quite a few examples.

If you have a quality car,
1- authenticate it and it's condition, NCRS or Bloomington are great examples of doing this in a generally accepted, objective fashion.
2- prepare the car; clean it until spotless! Then go back and clean it 2-3 more times ( or pay someone to do it for you)
3- put it with a dealer that is known, and discuss how you car will be marketed, not simply exposed.
4- FIX all the little things, and of course any big things.
5- do your homework on price, and avoid all of this low-price white noise.
so-so cars get so-so prices, p o s cars get p o s prices, the really good cars get really good prices ( barring foolishness or desperation)
6- Lastly, understand it takes likely 3-6 months, sometimes more, to find the right buyers for a car, unless it's priced as a bargain. If you really need the money now, you should have started 6 months ago or more. STOP behaving like it's life or death. You want fast? then start with a lower price, but know you are leaving money on the table. That is OK if it's your money and your decision, but make sure at least that there is a reason for your actions.

Now wait for the calls from your dealer, and call them back asap when they do call and discuss with them the terms of the offer, and the quality of the buyer. If you are priced at the top of the market, a little movement won't hurt, and just might get the deal done quickly. In many cases, the dealer knows the buyer, and can give you good clues on what you need to do to get the car sold.

STOP listening to the "no demand", "prices in the toilet" crowd. They are free to buy and sell on the bay picking amongst the so-so and the clapped out cars, unless of course yours is the clapped out car.

High quality cars (including ZR-1's) ARE selling, and selling at very good prices, if you are smart, if you do it right, and if you have a little patience.

:cheers:
Marty

[billschroeder5842]

It suffers from the c4 syndrome that most people, not in the know, suffer from. Most people I talk too have never seen a 4 cam corvette and they dont seem to care either..... Just enjoy the beast.

I think you hit the head on this one. As a former C3 guy, the C4 "seems" to be an acquired taste although (having had both) the C4 is a superior car in every respect.

The C4 is "the forgotten middle child" of the Corvettes

[Vette73]

I think you hit the head on this one. As a former C3 guy, the C4 "seems" to be an acquired taste although (having had both) the C4 is a superior car in every respect.

The C4 is "the forgotten middle child" of the Corvettes

Very true....I have a 73 convertible that I owned now for the past 15 years....Its not stock and it certainly doesn't sound like it......When I bought my Z I thought it would be kool to own two from different generations ....I had no idea sites like this existed ZR-1 forum , Corvette forum....My search for cars were eBay and car gurus and maybe Hemings..

Allthough I felt I got a good deal on my Z there was so much to learn from these forums ......There's a lot of great deals out there I feel on the Z....Yet if you park my two Vettes together what car you think most would look at? The 73 without a doubt.......

The Corvette purist knows about the ZR-1....The general buyer does not because both cars the standard C4 and the ZR-1 are so similar looking....The C-4 is by far the bastard generation of Corvette but it is so much better than the C-3.....The common buyer does not see that.....Personally I think the new stingray is beautiful....Its got a lot of bling and that's what sells....

[diamond zr1]

if you buy the best of the best in c4's either Callaways or zr-1s the right buyer will come along/might have a 15,000 dollar spread between good car and great unusual car,color etc. you can buy a rag for 10k and put 20 in it/still a high mileage rag/buy a nice zr-1 for 18 to 20k maybe 30/40k miles car well maintained and drive the heck out of it/if you are willing to pay 35 to 50k for a rare car you get the best of the best//When we were at Carlisle this year we met several folks that were interested in Phil's cr-1/also meet a couple from Germany looking for late model low mileage aerobody callaways//these cars are going into large collections//bottom line /buy the car you want and enjoy it,either by looking at it and polishing it,or driving the heck out of it/c3 c4 c5 and now c6 are dirt cheap//dealers are already discounting new c7s 20 percent vrs. msrp plus 18 months back/junk c1s and c2s are bringing more then a rare c4 and are crap to drive//enjoy your cars they are special

[BlackSheepz]

Black/Red is my dream color combo so I am very aware of this car and in fact have been in contact with the company that is selling it because I like to cheat on my car by looking at other cars.... (that and like I said, dream color combo).

This was the second time the car has been auctioned on Ebay in the last few weeks. The first time the car sold for $21k but it went up again a week later; dealer said the original buyer never made contact with them. When I talked pricing with them they told me straight up the minimum they would take was $22,500. (looks like they hit it with the $22,600). My research said that the dealer/someone bought the car for $18k at auction in November, but last year the car sold in Mecum I think it was for $26k. Car has been passed around a few times in the last couple years, think it was looking for its 5th owner as I recall. The car was not located in Reno with the dealer, it was located somewhere in California.

On their website both this car and a red/black 90 ZR-1 (1 owner) were both listed at $27,600.

Car was SUPER clean, but also had a few aftermarket modifications to it. Things like it had a Borla exhaust, hurst shifter, was missing the transparent top, and the dealer didn't know if the previous owners had chromed the factory wheels and put that silly ZR1 logo in the middle, or if they were aftermarket.

It was a very clean car though, shocked me when it sold for $22,600. I was thinking it would get closer to their asking price of $27,600 easily.

[Vette73]

Black/Red is my dream color combo so I am very aware of this car and in fact have been in contact with the company that is selling it because I like to cheat on my car by looking at other cars.... (that and like I said, dream color combo).

This was the second time the car has been auctioned on Ebay in the last few weeks. The first time the car sold for $21k but it went up again a week later; dealer said the original buyer never made contact with them. When I talked pricing with them they told me straight up the minimum they would take was $22,500. (looks like they hit it with the $22,600). My research said that the dealer/someone bought the car for $18k at auction in November, but last year the car sold in Mecum I think it was for $26k. Car has been passed around a few times in the last couple years, think it was looking for its 5th owner as I recall. The car was not located in Reno with the dealer, it was located somewhere in California.

On their website both this car and a red/black 90 ZR-1 (1 owner) were both listed at $27,600.

Car was SUPER clean, but also had a few aftermarket modifications to it. Things like it had a Borla exhaust, hurst shifter, was missing the transparent top, and the dealer didn't know if the previous owners had chromed the factory wheels and put that silly ZR1 logo in the middle, or if they were aftermarket.

It was a very clean car though, shocked me when it sold for $22,600. I was thinking it would get closer to their asking price of $27,600 easily.

Interesting very interesting......18K at auction? What type of auction? Did the dealer delve into that info to you?

Plus you said Car was sold at Mecum for 26,000.....I guess that's with buyers premium...Even so that's decent money for a Z.....I guess who ever bought it at Mecum did not like it.....

Car looked super super clean.....Very weird car in this condition would be thrown around so to speak in the past year......

[BlackSheepz]

Interesting very interesting......18K at auction? What type of auction? Did the dealer delve into that info to you?

Plus you said Car was sold at Mecum for 26,000.....I guess that's with buyers premium...Even so that's decent money for a Z.....I guess who ever bought it at Mecum did not like it.....

Car looked super super clean.....Very weird car in this condition would be thrown around so to speak in the past year......

Dealer didn't tell me about the auction, I googled the VIN and it came up that way which surprised me as that's not always how it works, but I wasn't going to look that little gift from google in the mouth. I just tried to find the auction page again and I can't so either I stumbled onto something the last time in a late night stuper, or maybe I'm a slight bit crazy. (Could be a 50/50). Was a listing of corvette auctions that does not appear to be there now.

VIN IS 1G1YZ22J7R5800023. A number of things bothered me about it, one of which was how many places the car was listed for sale. Lot of little dealerships, not the kind of places you want to buy a ZR-1 from.

I was also wrong, the car sold in Barret Jackson for $25,300 in Las Vegas 2014.
https://www.barrett-jackson.com/Events/Event/Details/1994-CHEVROLET-CORVETTE-ZR1-2-DOOR-COUPE-177327

[gen2rt]

If somebody has a car fax account, we'd all be interested to see what that shows?

[RoadRat]

Well, the stupid guy that sold his on eBay got more than the 1991 that mecum sold today for $21,500.00, and the 1990 that fetched $19,000.00. Should someone expect to get that much more for a 94 then for a 90 or 91...or is Mecum also a bad place to try to sell one of our beloved cars?
Maybe someday our time will come...until then, I say enjoy the ride. Are any of us really into muscle cars to make money? If yes, then I'm clearly doing it wrong...

[gen2rt]

ZR-1 values are languishing, because the desirability is in kind of a nether land right now (my opinion). Based on comments here, and hindsight of the past 20 years - for its time, the ZR-1 was the most performance you could buy for the money. The guys who bought them new, though, were in a different tax bracket than most of us that have these cars today. It could be said that they retained that performance edge for about 10 years after production. That edge went away with the C6, Z06 and ZR1 variants. The ZR-1 when new, was a rich guy's toy, some guys prepped them for the track, but took a lot of effort, it doesn't seem that's what Chevrolet had in mind when they built them. Face it, if a guy wants to buy performance and has a little bit more to spend, he's going to look at a C6 before he does a C4 ZR1.
And if a guy is into nostalgia, I think the c4s are still too new (read common, especially considering they don't look any different to the uneducated) to hold the attraction needed before guys get into bidding frenzies like they do with some of the C3 and C2 models. I see $2500 C4 beaters - not that uncommon, and until owners finally give up the ghost and start sending C4s to the crusher in bigger numbers, they're just not considered special by the general car enthusiast. I think it's inevitable though. Economics say you reach a point where you buy another car instead of bleeding your bank account on what feels like a lost cause. So I think we need to see a lot more C4s come off the road, and even maybe some used up ZR-1s (accidents, or economically beyond repair) scrapped. Eventually, people will start noticing that C4 at the end of the row of cars with the hood up and the engine that doesn't look like the rest of them.
I think it'll happen, just going to take a little longer.

[edram454]

dealer auctions like manheim pass these zr1's around for 10 to 15k...for low mileage nice ones. if you are a dealer and can attend you know what I am talking about. the car will sell quickly but very, very cheaply...or what they really bring with a little meat on the bone so the dealer can make his 1 or 2 grand.

[Vette73]

21,500 for a 91 and 19,000 for a 1990 at Mecuum? Sounds like not bad prices...Don't know the mileage but I'm sure the condition of the cars were nice...As a previous member said "are we really into buying muscle cars to turn a profit"? I agree....The real big money cars more than half the time are bought buy collectors and the car will never see the light of day..

So I say right now is a good time to buy a performance corvette ZR-1 Z0-6 C-6 vette mod them to your liking and just try to enjoy them....

[G8nightman]

21,500 for a 91 and 19,000 for a 1990 at Mecuum? Sounds like not bad prices...Don't know the mileage but I'm sure the condition of the cars were nice...As a previous member said "are we really into buying muscle cars to turn a profit"? I agree....The real big money cars more than half the time are bought buy collectors and the car will never see the light of day..

So I say right now is a good time to buy a performance corvette ZR-1 Z0-6 C-6 vette mod them to your liking and just try to enjoy them....

I was at the auction when both 91 and 90 came across the block the 91 supposedly had only 1600 miles but no way! That car looked more like 180000 miles ext int and engine bay was very bad I was very surprised it went past 5000. The 90 was way cleaner and IMO sold well at 19000

[G8nightman]

https://uploads.tapatalk-cdn.com/20170112/35967d80732ac0c351ae2189124afb84.jpghttps://uploads.tapatalk-cdn.com/20170112/37b85f3ed022cd7bbb8637db0098cbfb.jpghttps://uploads.tapatalk-cdn.com/20170112/d010958a96e0d9baba94d78c3fccb0aa.jpg
Zr1's at mecum this past week


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[DRM500RUBYZR-1]

More proof (not that we needed more) that some cars do very well generally at auctions, while others don't.
The ZR-1 seems to, more often than not, fare very poorly at auctions.
That may change, it may not, who knows?
HOWEVER, if you are looking to SELL a ZR-1 at this time, auctions have time and again proven that they are not the best place to get the highest price for a ZR-1.
All of the usual positives, i.e. low miles, low production, etc. seem to have very little impact on price.
So if you want to give it away take it to an auction.
But, if you want a real bargain, go buy one at an auction, and you might just score big-time.
Selling a ZR-1 requires time and effort to find the right buyer at the best possible price.
:cheers:
Marty

[G8nightman]

Actually the 91 with 1600 miles was a disaster I was thinking it was going to fetch top 7000 but at 21500 it was the sellers lucky day.


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[Vette73]

So what are my chances of picking up a 70 Hemi cuda convertible for less than two million......Lol.....I remember when I was a kid a family friends son had a green 70 Hemi cuda........I doubt he still has it.....Probably wishes he still did if in fact he did sell it....

[BigJohn]

So what are my chances of picking up a 70 Hemi cuda convertible for less than two million......Lol.....I remember when I was a kid a family friends son had a green 70 Hemi cuda........I doubt he still has it.....Probably wishes he still did if in fact he did sell it....

Just build a clone like everyone else does !

[ghlkal]

I didn't see the ebay link posted, so just for completeness http://www.ebay.com/itm/1994-Chevrolet-Corvette-NO-RESERVE-ZR1-/122278413397

That's a beautiful Z

[henryr]

these cars are cheap and plentiful....

just an excuse to buy 2

[Demps]

Anyone know the miles & condition of the '95. VIN?

Ted

[G8nightman]

The red 95 was very clean 8500 miles had some minor paint work and I think the engine was warranted early in its life


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[edram454]

the 95 was clean but not what I would consider fantastic. mileage was not posted anywhere. It looked like it only had a few thousand miles. I think it fetched more than it should in todays market.

[G8nightman]

I have some actually pictures of it I can post them later if your interested.


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[Demps]

Thanks fellas.
Ted

[Demps]

I have some actually pictures of it I can post them later if your interested.


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Please. What # was it?

Ted

[G8nightman]

https://uploads.tapatalk-cdn.com/20170117/f0c4fb0999a5a86b4fd438f77dfc4da2.jpghttps://uploads.tapatalk-cdn.com/20170117/8ad18b0837d70c1e38d6ca617c7785f6.jpghttps://uploads.tapatalk-cdn.com/20170117/a9ad2341ff6c314ee0565b0c368406dd.jpghttps://uploads.tapatalk-cdn.com/20170117/b52b4942e4a431874688790d34cdc4e4.jpghttps://uploads.tapatalk-cdn.com/20170117/9b812e85e5abac6bcde4dc7a3191ee7e.jpghttps://uploads.tapatalk-cdn.com/20170117/1b5c41a35a0888645fb2a1ba8ee7f6af.jpg

The # I think was in the 70's


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[Z51JEFF]

Unless somebody has seen this car in person nobody can know what shape it's in from photos. It's a rare color combo but as stated it's been bouncing around too much to be a solid car.

[G8nightman]

Unless somebody has seen this car in person nobody can know what shape it's in from photos. It's a rare color combo but as stated it's been bouncing around too much to be a solid car.



I have seen the car in person I took the pics. I would rate it a 9 out of 10.


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[Z51JEFF]

I have seen the car in person I took the pics. I would rate it a 9 out of 10.


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Are we talking about the Black-Red 94?

[G8nightman]

Are we talking about the Black-Red 94?



No I thought you are talking about the red on black in the last post.


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[Z51JEFF]

:neutral:No I thought you are talking about the red on black in the last post.


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No,that Red-Black car is gorgeous.