Time to face the music.

[cvette98pacecar]

The Z is the Red headed step child with tons of freckles.
I watched Mecum today and saw 5 ZR-1 that all were low mileage museum pieces trade hands with the top seller being 70K. Three of the cars had less than 50 miles and were never dealer prepped.
Than low and behold a 96' GS Roadster with 11 miles sold for 140K dollars.

[Schrade]

I've got $28k in mine, not counting time.

I wouldn't even think about it at $33k...

[edram454]

that is right. I saw a resto junk mustang shelby coupe with candy red paint sell for 215k but a callaway zr1 speedster twin turbo 1 of 2 with 766 hp not sell at 185k.. any mustang shelby brings 150k plus.. any chrysler plymouth, dodge cuda, roadrunner etc.. with 440 or 426...125-175k... like nothing. there are cars that just bring it. we know they are inferior cars as far as engineering and performance but they have that touch of midas. it is just not time yet for these lt5 cars. it will have its time. i have seen it too many times. there was a time when a 429 mustang brought nothing. now a 429 mustang in any condition is 200 to 300 k guaranteed.

zr1 investment buyers may not be to happy. those of us who bought to enjoy it should not matter especially if you bought low. One day our time will come and if it takes longer than we anticipate, at least we enjoyed them.

edramos #3028

[alnukem]

One of the things that brought me to Vettes was bang for the buck. I use to be a Mustang guy. I had a 68 that seemed like it would never get done, sold it to help fund my divorce. Paid off the ex. Recovered a little & bought a very nice vette. Four wheel discs, great suspension, less rust issues & the best parts GM had at the time. I think Mustangs, Camaros & Chevelles bring big bucks because those were the cars we seen as kids & couldn't afford them then. I didn't dream about vettes, because I knew I could "NEVER" afford one. Take that investment out on your favorite back road, hammer the snout out of it.......that's your dividend!

[FU]

Yes one day our cars will be worth something. Who knows how much , we will all be gone by then. Who cares too ? Point is go out and enjoy them now.

[XfireZ51]

Watched a bit of Chasing Classic Cars last night. Involved a Bonham auction.
People bidding 28k for a Good a Humor truck. It dawned on me that this is so much less about the cars and the fun we get out of them, and so much more about controlling or owning something no one else does. It's a power thing, and I don't mean horsepower. Yes some people will finally buy the car they've been saving up for because they either had one when young or wanted one. They're going to recapture their youth one time before they die. Good for them. But the money guys couldn't care less. The ones that drive the prices look at it as a commodity to be traded. The experience of driving it doesn't enter into the equation. And so owners like us are disappointed because we simply don't understand that. I don't put guys like Seinfeld or Leno in this category. They clearly are passionate about their cars. But you don't see them flashing around Barrett Jackson like Hendricks does for example.

[cvette98pacecar]

Make no mistakes none of my cars were bought as an investment. I was just stating a point.

[XfireZ51]

Bob I don't think anybody is on this forumwho is just a collector or isn't about enjoying the car

[RICKYRJ1]

Originally Posted by cvette98pacecar

Make no mistakes none of my cars are about an investment. I was just stating a point.

Hey Robert, I know dat. You are doing our Z community a great service by pushing the mod envelope with your cars. I know many appreciate your efforts in all your projects. Your return on investment is the passion that keeps us brothers motivated.( in our age bracket we need something other than a blue pill ) I have never met a Z brother that was in the game to make money (not that some don't exist) I doesn't matter to me what my car is worth I ain't selling. We should all look at it as a buying opportunity with the low prices, I for one would love to pick up another ZR-1

[USAZR1]

Originally Posted by FU

Yes one day our cars will be worth something. Who knows how much , we will all be gone by then. Who cares too ? Point is go out and enjoy them now.

I agree,Frank. We don't really own these cars,anyway. We're just renting them till the new guy comes along.