ZR-1's at Mecum Monterey
 

Anyone watch mecum today? Looks like the z's are getting beat up - White 91 with under 16k miles sold for $14,500, and a black 91 with 18,500 miles was only bid up to $13.5k. Wow.

Re: ZR-1's at Mecum Monterey
 

Mine's getting close to turning over 40k miles. Screw it, I'm gonna start daily driving it and not even worrying about the road film, rain, and all of that.

A few months ago I thought that if I could get $18-$19k for it, that I might let it go...maybe I would sell both vettes and get a c6-Z06. For $14k, I'll just turn this into my outside car and drive it in the rain...it's still fun to drive!

Re: ZR-1's at Mecum Monterey
 

If each of us stepped up and bought up a couple of cars we could run the prices up/now where to store them/a wrecked zr1 sold on flea bay the other day for 11600/go figure

Re: ZR-1's at Mecum Monterey
 

Mecum has usually been pretty weak when it comes to ZR-1s. Even BJ isn't all that great these days. It has to be a special ZR-1 to get any real value relative to the internet prices you see.

Its like the car is becoming a secret again. The last generation of ZR-1s also pushed values down a bit.

Re: ZR-1's at Mecum Monterey
 

I was on here when I first acquired this ZR1 black on Black with original 57 miles on it, Flyin Ryan knew the whole history, unfortunately a lot of documentation was lost, but it still has a veryified history. Have the build sheet, books, etc. I was thinking of 2015 Barrett AA but with Ron Pratt selling his whole collection, I'm not sure. What do you guys think? Trying to get north of 40

Re: ZR-1's at Mecum Monterey
 

I'd like to know what was/wasn't wrong with the cars. Was there any documentation? I've seen Z's lately for around those prices but there is quite a bit of work to do in them.

Re: ZR-1's at Mecum Monterey
 

:thumbsup:

Re: ZR-1's at Mecum Monterey
 

You ever look at NADA? Current values are: Low Retail $13,725; Avg $21,875 and High Retail $33,250. These are for a 1990.

So, where do they come up with these numbers, if not from the market?

Auctions are quirky.

I would not let my 90 with 79k on the od go for less than $20K with all the extras. It has been driven and well taken care of. Everything is working.

Re: ZR-1's at Mecum Monterey
 

Just drive the damn thing and have fun. All of this strongly suggests you mod the car to your liking and enjoy. Stock, the ZR is a great car. Add another
120-150rwhp to it, and its just a blast while being competitive with 95% of the new stuff for 1/3 of the cost. Not to mention you don't see one every day.

Re: ZR-1's at Mecum Monterey
 

I got to go with this.

Re: ZR-1's at Mecum Monterey
 

Technically, NADA doesn't set the market. It's the other way around. The market is whatever people will pay. And right now they're just not willing to pay. When looking at auction prices I always throw out the highest and the lowest. Too many variables are involved. Was it late in the day with no reserve? Was the car a perfect example with 0 miles and a storied history and 2 people let their emotions get the best of them? Who knows. Take the middle grouping and there's your market.

Re: ZR-1's at Mecum Monterey
 

I understand what the market is. I spent 30 years appraising real estate here in Southern Nevada. I did not mean that NADA set the market, I ment that they get their numbers from the market. In real estate, we look at "arms length" transactions. ie: willing seller, knowledgable buyer, motivation, exposure to the market for a reasonable period of time, etc etc.

There also seems to be more supply than demand.

Re: ZR-1's at Mecum Monterey
 

I certainly agree also with Dom. You can get a surprisingly cheap ZR-1 and with a few thousand in service make it just like a new car. I chose a different route--decided that for my second ZR-1 I wanted a low mileage late production 95, paid up for it, then had Marc Haibeck work his magic with the 510 HP package (paid dearly for that but worth every penny). So you can get a $13,000 ZR-1 and have a great time with it. On the other end, if I sold mine at say, $42k, I would lose a ton of dough but someone would get one of the last 40 produced, a low mileage stock car with very special modifications done by the world's premier ZR-1 specialist at half cost plus all the original parts to put back for NCRS judging. So which ever way you want to go--just drive the heck out of it and enjoy what we call the "Permagrin". --Bob

Re: ZR-1's at Mecum Monterey
 

Great post Bob :cheers:

Re: ZR-1's at Mecum Monterey
 

Saw that 91 with 18k miles yesterday at the auction, nice car, thought it didn't sell at $18,500 because of a higher reserve. I've got a red/red 64k miles 90 I want $20k for with all the usual things already fixed, an all I get is low ball offers. Go figure??

Re: ZR-1's at Mecum Monterey
 

From what I read, all C4 prices are depressed due to lack of parts, just drive em with permagrin & ENJOY, mine at 76K still runs GREAT but not worth much except enjoyment