[spork2367]

Originally Posted by DRM500RUBYZR-1

So let's summarize your basis for your "Estimate".

Because your personal experience in buying salvage or in common parlance, junk, has seen low or falling prices, you conclude that near museum quality or concours capable car values behave the same way.

Really?

Well, I mean the "commonplace salvage junk," the 10k I've spent on extremely hard to find NOS parts, the 20-30 auction sales I've seen, plus all the cars that have sold here in the last 2-3 years....

Why not this.

As junked ones become less expensive because they are more plentiful, the population of remaining quality ones diminishes. As this trend continues, the only result is higher prices for those that remain.

How many ZR1 parts cars do you see for sale at any given time? Plentiful isn't the word I'd pick. "The population of quality ones diminishes." Sure, every year another 2-3 are wrecked beyond repair. So on a yearly basis we lose .0005% of ZR1s. Five one hundredths of one percent. Statistically insignificant. Let me know how important that "junk" is when you need an ECU, or a thermostat housing...As cars become more collectible, parts cars go up in value, not down. Typically at a rate that exceeds the collectible car itself. Priced a bare 60's 426 hemi block in the last couple years. Pretty d*mn expensive "junk." This isn't my first foray into collector cars and parts. I made a killing off of my collection of Oldsmobile 442 W-30 parts about 8 years ago. The last set of "F" cast cylinder heads I sold make the going rate of a set of LT5 heads seem like pocket change.

At any rate, there will always be buyers at both ends of the spectrum.
Some want cheap, while others want the best.
Neither buyer has much interest in the other.
Price is determined as much by supply as it is by demand.
My first comment on this topic was " they are not making more of them".
As time goes by, that will continue to drive the price more and more.

It's not like a low mileage ZR1 is rare....at all. I didn't buy my salvage cars because I like cheap junk. Are you implying that half of Jerry's store is cheap junk (all his used parts)? There are still a pile of cars with less than 10k miles. Sure, they will appreciate over time. Right now however, despite the fact that "they aren't making any more of them," the price is still dropping. Right now the average price for a 94 is 22,800. And that is considering that far more of those that sold were nice cars than junkers as there just aren't many 1994 ZR1s that were beat.

OP - Yet Again; Beautiful car, and GLWS!

Marty

If you want to ignore every shred of evidence as to what these cars and their parts are selling for, be my guest. The market isn't buying your argument.