91 Quasar Blue, 211 mi, sold on BaT

[Mystic ZR-1]

$101000. !!!

https://bringatrailer.com/listing/1991-chevrolet-corvette-zr-1-7/?utm_source=dm&utm_medium=email&utm_campaign=2022-04-15

[TX '90 ZR1]

I saw that!!
Color, miles & condition.. Still I did not expect it to go that high.
There is a white/grey '91 w/10k on there now. Wonder if the one that sold will affect the price on this one?
:cheers:

[Prez1967]

Happy to see one go for 6 figures, likely a BaT Fluke...

Dont see many blue ones for sale. Makes one think for half a second LOL

[efnfast]

Is that the highest price for a ZR-1?

[AirbusDriver]

I've only sold on BaT, which carries no fee. Not sure what BaT buyer's premium would be on a $101K win but, it has to be added to the total price the winning bidder will pay for the vehicle.
What I'm trying to say (in a clunky way) is, it sold for more than $101K.

[XfireZ51]

$101000. !!!

https://bringatrailer.com/listing/1991-chevrolet-corvette-zr-1-7/?utm_source=dm&utm_medium=email&utm_campaign=2022-04-15

Holy crap!

[TX '90 ZR1]

I've only sold on BaT, which carries no fee. Not sure what BaT buyer's premium would be on a $101K win but, it has to be added to the total price the winning bidder will pay for the vehicle.
What I'm trying to say (in a clunky way) is, it sold for more than $101K.
I think the buyers fee is 5% with a max of $5000.00.
:cheers:

[fastpace]

A beautiful car, would love to have a Quasar Blue car but with a bit more mileage so I could take it out and enjoy it.

I bet the seller is really happy it didn't sell at Mecum in March when it didn't meet reserve at $70k. Made an extra $38k on the sale by avoiding the Mecum sellers commission and then no sellers commission on BaT.

https://www.mecum.com/lots/AZ0322-510750/1991-chevrolet-corvette-zr1/

[spork2367]

While it would be nice to think this is where these cars are headed, the 18k 2000 Chevy Metro says it's just a playground for people with stupid money.

Which is great for sellers, but not representative of the market. There are plenty of ZR-1s that haven't brought huge money on there as well. That car might have been just the one someone wanted, or it may be someone who didn't want to spend the time looking and doesn't care about losing money in a year or two.

[Z51JEFF]

Happy to see one go for 6 figures, likely a BaT Fluke...

Dont see many blue ones for sale. Makes one think for half a second LOL

I would venture to say the person paying the $100K plus doesn't think it's a fluke.

[spork2367]

I would venture to say the person paying the $100K plus doesn't think it's a fluke.

No, they probably have enough money to not care whether 100k is a good deal or not.

[XfireZ51]

No, they probably have enough money to not care whether 100k is a good deal or not.

The fact is that there were other people bidding at least something close to that number in order for it to get to 101k. So whoever bought it, isn?t alone.

[fastpace]

I wouldn't consider this a fluke, but rather the direction the overall market is going right now. Including this one (and it's original mecum auction), there have been 7 ZR1 auctions reaching >$70k in the last 6 months. The previous high was a 93 Anniversary which brought $86k in March on BaT. A multipart combo of very low mileage, desirable color, and proper storage maintaining near original condition helped push this one to the top.

[spork2367]

The fact is that there were other people bidding at least something close to that number in order for it to get to 101k. So whoever bought it, isn?t alone.

There were 14 bidders on that 2000 Metro with 5 bidding over 10k...Says a lot less about the value of the car and a lot more about the bidders disposable income.

[rush91]

Unless there is another Quaser Blue out there with 211 miles on it, I'd say good buy for the new owner....And BAT is notorious for overpriced vehicles. That is the color I wanted but couldn't find any nationwide in 2015-2016, so I instead went for the Polo Green. I personally think any ZR-1, with under 250 miles should be going for these prices. These are under-rated, under-loved, under-priced Vettes that get a bad rap because it's a C4. Those of us who own them, know how special they truly are....

[DRM500RUBYZR-1]

Unless there is another Quaser Blue out there with 211 miles on it, I'd say good buy for the new owner....And BAT is notorious for overpriced vehicles. That is the color I wanted but couldn't find any nationwide in 2015-2016, so I instead went for the Polo Green. I personally think any ZR-1, with under 250 miles should be going for these prices. These are under-rated, under-loved, under-priced Vettes that get a bad rap because it's a C4. Those of us who own them, know how special they truly are....

I would suggest changing that from are to "were".

ZR-1's have been quietly going up for years now.

Lately, some not so quietly.

This is not a new phenomena.

They are going up and will continue to do so.

All old Corvettes first sell for less than sticker, then for sticker, then for more, then for multiples of original sticker.
That's right.
All and Always.

It is simply a matter of the passage of time.

Corvette market prices go up and down always in the shorter intervals.

Long term.

ONLY up.

:cheers:
Marty

[spork2367]

ZR-1's have been quietly going up for years now..

:cheers:
Marty

You and I certainly agree to disagree on this, but I've been watching these cars for years and years, collecting data, doing statistical analysis, etc. Saying they have quietly been going up for years is misleading. They are higher now than they were 5 years ago. In that same span of time they were up, then down, then down more, then back up slightly...

The entire used car market is up 45%. Take a ZR-1 that sold for 30k two years ago and add 45% and you're at 43.5k. Now look at the exceptional number of low mileage cars that have come out lately. Two years ago a car like this might have sold for 55k. That would be 80k today. Add the "poorly informed impatient buyers premium" that BAT seems to bring and it's not that far off. Let's face it, a used Toyota 4Runner is up well over 55% in the last year. I'm not sure the price increase as of lately is anything more than the current car market inflation.

[Jagdpanzer]

3 $100k+ ZR-1s for sale here
https://gmauthority.com/blog/2022/04/dealer-selling-three-almost-new-c4-corvette-zr-1-coupes/


Sent from my iPhone using ZR-1 Net Registry (http://r.tapatalk.com/byo?rid=90383)

[LGAFF]

Of course prices are way up, I sold 2 of mine .....that triggered a Murphys law trend spike, driving prices up about 10K. Screwed again lol

[DRM500RUBYZR-1]

Of course prices are way up, I sold 2 of mine .....that triggered a Murphys law trend spike, driving prices up about 10K. Screwed again lol

Soooooo,
THAT is how this happened!

Want to make a small fortune in classic cars?

Start with a big fortune.

You are not alone for certain!

:cheers:
Marty

[DRM500RUBYZR-1]

You and I certainly agree to disagree on this, but I've been watching these cars for years and years, collecting data, doing statistical analysis, etc. Saying they have quietly been going up for years is misleading. They are higher now than they were 5 years ago. In that same span of time they were up, then down, then down more, then back up slightly...

The entire used car market is up 45%. Take a ZR-1 that sold for 30k two years ago and add 45% and you're at 43.5k. Now look at the exceptional number of low mileage cars that have come out lately. Two years ago a car like this might have sold for 55k. That would be 80k today. Add the "poorly informed impatient buyers premium" that BAT seems to bring and it's not that far off. Let's face it, a used Toyota 4Runner is up well over 55% in the last year. I'm not sure the price increase as of lately is anything more than the current car market inflation.

We can check back in another year or two and see where things are.
Short intervals often are quite volatile.
The long term trend has been up.
Time will tell how much and how sustained.
I would agree at some point there will be a period of retreat from the loftiest numbers.
Even so, the overall numbers will be higher than they have been.
Collectively, it was thought that the 100k days of ZR-1's died in 1990.

Good to see what has been happening.

The best part is that it helps at all condition and mileage levels, just not as wildly.

A toast to the future;
Whatever it may bring.
:cheers:
Marty

[spork2367]

We can check back in another year or two and see where things are.
Short intervals often are quite volatile.
The long term trend has been up.
Time will tell how much and how sustained.
I would agree at some point there will be a period of retreat from the loftiest numbers.
Even so, the overall numbers will be higher than they have been.
Collectively, it was thought that the 100k days of ZR-1's died in 1990.

Good to see what has been happening.

The best part is that it helps at all condition and mileage levels, just not as wildly.

A toast to the future;
Whatever it may bring.
:cheers:
Marty

The price of a used Toyota 4Runner has risen more percentage wise than a ZR-1 Corvette in the last 12 months. Couple that with the general inflation rate and it looks like the cars are doing much better than they are. Don't get me wrong, they are up, but short of a recession they will always be going up.

[XfireZ51]

Honestly, I think we have a different dynamic working here than in previous periods.

First of all, the introduction of the new LT6 DOHC in the Z06, I believe, has stimulated increased interest in the only other Corvette to ever have a bespoke DOHC motor. IOW, the C4 ZR-1 is being seen as the progenitor of the LT6.

Secondly, the C8, particularly the Z06 version, represents what is likely the last generation based on an ICE platform. This distinguishes it from any other previous generation and it appears GM decided to take the powertrain guys off their pushrod leashes. The only other time that ever happened was with the LT5.

Third, the C8 has no manual trans available. So where do you find a DOHC Corvette that ONLY had a manual?! The C4 ZR-1.

Fourth, the C4 ZR presents an unvarnished Corvette w a more technologically advanced powertrain, few nannies, and still has the ability of being a DIY project.