Need some help on a 93 40th

[We Gone]

To make a long story short.

A very good friend of mine passed a few months back. His wife ask me to help find a value and sell his 93 40th. In light of the pricing trends right now I have no idea of its real value so this is were I need some help.

93 40th Ruby Anniversary ZR-1 everyone here knows the options both tops
Completely original down to the tires all the paperwork.
under miles 2000 miles.

Thanks.

[DRM500RUBYZR-1]

Steve,
I am guessing a ZR-1 40th, correct?
Marty

[We Gone]

Steve,
I am guessing a ZR-1 40th, correct?
Marty

Yes it is in pristine condition.

[spork2367]

For a reference.

https://losangeles.craigslist.org/lac/cto/d/1993-chevrolet-corvette-zr1/6557780737.html

[We Gone]

TY, but that is a 40th edition but not a Ruby Anniversary :cheers: But still good reference.

[DRM500RUBYZR-1]

Steve,
Exceptionally low mileage cars that have been properly maintained needing nothing at all that are essentially ready for either NCRS flight judging or Bloomington Gold often command significant premiums over over other cars.
There is a small segment of those seeking ZR-1's, that only want "perfect" cars and will not accept anything less. some of these may never drive it much, while others will drive it, but they want to start out with a "new" car. To both groups, the premium paid, is well worth the quality it buys.

As time has passed, 95's have demonstrated the ability to lead the pack in terms of value, as the final year of almost any series of Corvette has done.

While Ruby's were the largest of the production run in 93, they have managed to still excite some buyers. Some will pooh-pooh that and say it is simply paint and nothing more, others consider it to actually be more.

Your friends car, with less than 2,000 miles falls squarely into the ultra low mileage category. It also suggests that the car was not simply mothballed, and now requires thousands of dollars of work to bring it back, but rather is darn near what it was when new, and performs the same today.

Coupling that with the Z25 optioned 93 would warrant a premium over the typical price structure.

Once properly prepared for sale, which likely would take very little, your friend's car would not be outrageously priced at $50,000.00.
While some will guffaw at that, keep in mind that there were only 245 Z25 ZR-1's to begin with.
Begin breaking them down into mileage segments, and there cannot be many under 2500 miles.
This is one of those very few.
It will take time for the right buyer to find it, but when they do, they will want only such a car, not simply one close to it.
While I can own a home "near the beach" for one price, there are only so many beachfront properties available, and they command a dramatic price increase.
While not at that scale, the same can be said for ZR-1s, and their low mile truly concours examples that are impeccable in absolutely every respect.
Those cars are truly rare and will always be the upward outlier in any pricing model, and the ones most sought after by those discerning buyers that only want the very best.
:cheers:
Marty

[WARP TEN]

Steve, the car sounds like a great one. To add a bit to what Marty says, the Sports Car Market magazine Pocket Price Guide for 2018 shows a median value of $48,500 for the 93 40th ZR-1, vs a median value of $23,500 for the regular ZR-1. Median is the halfway point between the highest and lowest values they have seen at auctions in the prior year. Not my favorite measure; I have criticized them in the past for using median instead of average (and for not mentioning the sample size) but to no avail. The 40th Anniversary package is the most numerous of the 448 93s made with 245 made (vs., say, 7 in Quasar Blue). So I have never understood the values people put on these cars, but for some reason all the anniversary package cars (both prior and subsequent) seem to be valued higher than regular ones. It is what the market says it is. I would think that a perfectly stock 2,000 miles car should meticulously detailed then be put into an auction, such as Mecum Indianapolis or similar. If it is in early enough and word gets around, you will likely get the best value there. Good luck with it--Bob

[We Gone]

Great input, The car has been maintained started and driving a few miles every year in fact My buddy John and I are the ones who have kept it up for him (Jack) and needs nothing but tires if it were to be used as a driver.

Jack bought the car about 10 years ago from a premier Corvette dealer in Fla. Jack just showed it and transported it in an enclosed trailer.

[Z51JEFF]

From a private sale I’d look at $40,000 and and go up from there. From a business I would think they would price the car at $50,000+. Prices seem to be on the rise,believe it or not, so anything paid over $45,000 wouldn’t be out of line. Now,this is just my prospective of how I see prices.

[A26B]

FWIW, I sold my 40th Ruby ZR-1 with 168 documented miles for $57K a few years back. During the time I owned it, I created & maintained a database for all the 4oth Ruby ZR-1's. I have not updated it since, but based on that data, there can be no more than 51 40th Ruby ZR-1's with less than 2,000 miles. Considering there are some of the 245 that I could not find info on, it is probable that the number is something less than 51.

I think we sometimes lose perspective about rarity. Heck all ZR-1's are somewhat rare rare. 92~95's combined make up less than all of the 1990's. 40th anniversary ZR-1's are fewer than 500 in all colors. Ruby was the designated color for the 40th anniversary models and gives credence to that color. No question that some colors are rare & desirable, but I see that as a different category of interest when the 40th Anniversary ZR-1's are discussed.

[spork2367]

From a private sale I’d look at $40,000 and and go up from there. From a business I would think they would price the car at $50,000+. Prices seem to be on the rise,believe it or not, so anything paid over $45,000 wouldn’t be out of line. Now,this is just my prospective of how I see prices.

Prices on C4s overall (including ZR1s) aren't rising, but prices on a special car like this may very well be. I think the above pricing is pretty spot on. Hagerty's says 47,400.

[We Gone]

Thanks again guys your input has helped a lot.

@ Jerry, I'll find the # of his 40th and post it. I do know when he was alive he had the car Bloomington Gold Certified while at a show at the plant. Jack bought the car from H&H in Fla. My buddy John & I went with him when he bought it and I got the honor of driving it on the truck for the trip home.

[cvette98pacecar]

FWIW, I sold my 40th Ruby ZR-1 with 168 documented miles for $57K a few years back. During the time I owned it, I created & maintained a database for all the 4oth Ruby ZR-1's. I have not updated it since, but based on that data, there can be no more than 51 40th Ruby ZR-1's with less than 2,000 miles. Considering there are some of the 245 that I could not find info on, it is probable that the number is something less than 51.

I think we sometimes lose perspective about rarity. Heck all ZR-1's are somewhat rare rare. 92~95's combined make up less than all of the 1990's. 40th anniversary ZR-1's are fewer than 500 in all colors. Ruby was the designated color for the 40th anniversary models and gives credence to that color. No question that some colors are rare & desirable, but I see that as a different category of interest when the 40th Anniversary ZR-1's are discussed.


I'm with Jerry, I sold my Ruby like a dumb azz just because I didn't drive it enough.
I told the current owner, when your ready to sell it call me back, I will be more than happy to take it off of your hands.
Now, I just have to wait for him to have a mechanical issue, Not to many people want to or can work on these things anymore.