ZR-1's at Mecum Monterey

[Fully Vetted]

Originally Posted by John Boothby

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.

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.