1/23 Mecum Results, WOW

[Prez1967]

Originally Posted by efnfast

Show of hands, who would sell their car for 40 grand?
Aye.

Not sure I would.

Granted Im a newer owner (just got mine back in July) and i've always wanted one. Mine may not be perfect but its likely in the same condition as the cars posted above, with 90k+ miles.

[DRM500RUBYZR-1]

Queue the Discover "NO" commercial.

https://www.youtube.com/watch?v=csas96J3U_A



Marty

[spork2367]

Originally Posted by rkreigh

looks like a bit of bid fever to me. prices are not typical

Not typical of anything the market is doing on these at all.

And on top of the 10% buyers premium, there is a min. 5% sellers premium on no reserve auctions (10% on reserve auctions I believe), plus 500 to 1500 dollar listing fee depending on options. So that makes these the realistic prices. And subtract another 500-1000 for transportation fees to the auction.

$35,030. 1992 ZR-1 37k miles. White. Fair to good condition
$34,095. 1991 ZR-1 8k miles. Yellow. Fair to good condition
$32,225. 1991 ZR-1 18k miles. Red two tops. Fair to good condition
$24,745. 1990 ZR-1 87k miles. Red. Rough to fair condition
$20,700. 1990 ZR-1 39k miles. Red. Rough to fair condition

[Z51JEFF]

Originally Posted by efnfast

Show of hands, who would sell their car for 40 grand?
Aye.

I've got a hardon for a C8,absolutely love the car but I'd have to sell my Z and I don't see that happening but if interest in ZR-1s truely is on the rise along with values it's going to be difficult NOT to get the new car,I haven't even seen one yet. Granted,we know these prices were over the top but who cares,millions of people watched the show and that's got to peak some new interest.

[DRM500RUBYZR-1]

Those prices continue to remain below the typical "prices" our market continues to find and enjoy for quality cars.

Quality cars defined as having one or more of the following attributes:

1- outstanding condition
2- low or lower mileage
3- NCRS and or Bloomington Pedigree / Provenance
4- well documented repair and maintenance history
5- high quality modifications performed by recognized shops
6- rare colors or production numbers
7- evidence of "turn-key" current day of purchase performance readiness
8- all original paperwork and delivery items
9- production date > 30 years for reduced taxation for foreign (EU) sales
10- 6 or more of these attributes are the definition of the BEST ZR-1's

The exceptional prices the above command continue to elevate and support the rest of the market.
There are buyers with varying demands and budgets.
One current observation is an increased interest level for all ZR-1's.
We have discriminating buyers in the market for the best ZR-1's.

If you are considering the sale of a car fitting the above description with those attributes AND if you are willing to invest the time required to find the proper buyer for such treasures, reach out to me anytime to discuss your particular ZR-1.

Time continues to make these incredible cars more and more desirable to those who appreciate exactly how special these Corvettes truly are.


Marty
Contes Corvettes and Classics
Since 1974

www.contes.com

[jcruz]

Originally Posted by efnfast

Show of hands, who would sell their car for 40 grand?
Aye.

Well, I have 2, so yeah, I'd take 40k for one of them ;-)

[bowtiguy]

Originally Posted by Erik

I figured you were searching for another one to work your magic on. The prices are solid enough, plus taking into account how rough they seem to be.
Did you snap any pictures?

I have to agree. between interior shots ( shifter, console, etc) and engine bay shots. These cars appeared to be purchased and parked.

Speaking of values, did anyone notice this car sell on hemmings last August? Pretty good taking out the live/in person bump in price figured into the muscle car city auction.

https://www.hemmings.com/auction/199...let-corvette-1

[Vette73]

30-40K for ZR'1s in fair to good condition ? Lets be honest...I think a lot had to do with the fact it was a " muscle car museum piece"
I have my 91 blk/blk with over 500 HP for sale at 22.5K and its in excellent condition...Excellent, not fair..

Gaurantee you take each one of these Z' s and try to sell on open market like I am, they would not bring close to what they got at the auction..

Just because they were in a museum does not mean they are well sorted....But hey, seems like a great deal for the seller..

[spork2367]

Originally Posted by Vette73

30-40K for ZR'1s in fair to good condition ? Lets be honest...I think a lot had to do with the fact it was a " muscle car museum piece"
I have my 91 blk/blk with over 500 HP for sale at 22.5K and its in excellent condition...Excellent, not fair..

Gaurantee you take each one of these Z' s and try to sell on open market like I am, they would not bring close to what they got at the auction..

Just because they were in a museum does not mean they are well sorted....But hey, seems like a great deal for the seller..

Agreed. And again, when those prices are adjusted for all additional auction costs, they aren't that great.

Originally Posted by bowtiguy

I have to agree. between interior shots ( shifter, console, etc) and engine bay shots. These cars appeared to be purchased and parked.

Speaking of values, did anyone notice this car sell on hemmings last August? Pretty good taking out the live/in person bump in price figured into the muscle car city auction.

https://www.hemmings.com/auction/199...let-corvette-1

A 93 40th anniversary addition with low mileage isn't exactly the standard by which to judge the rest of the market.

[G8nightman]

I always have a good laugh reading these value threads


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