Is it me or ZR-1 is now gaining value?

[spork2367]

Originally Posted by Livin' in the 80's

At this point who cares if the ZR1 increases in value. Did you buy your Z to have fun with it or to make money? It is an unbelievable super car for the money that no one really knows about. Own it for life and pass it on when you can no longer get in and out of it. Let the next generation make it worth more money. I will enjoy my 90 with under 23k miles for years.

I'm fine with them being grossly under valued. I hope it continues. I'd like 2 or 3 more cars.

Originally Posted by DRM500RUBYZR-1

A more accurate statement would be," ZR-1 prices observed on one or more auction sites have seen a mild downturn. However, there have been too few sales through these venues to draw a firm market wide conclusion."


Marty

Definitely a mild downturn right now. And that's been pretty consistent through the entire collector car market due to uncertainty in the financial markets. I don't know if I'd say there have been too few sales, there have been dozens through auction sites and live auctions in the last year.

Places like BAT and Ebay are much better gages than people want to admit. Unlike live auctions, they take place over a span of time that is long enough to make a wise decision, do research, etc. Not that someone still can't impulse buy through there, but they can impulse buy at a dealer and or be pressured to make a bad purchase.

Not only that, but BAT has VERY good visibility. Better than any dealer or private party sale on the planet. Every ZR1 that has come up on there has been posted over here. Which means the Z community has seen all of those.

If they were selling unusually high, I'd admit that the possibility existed that people got caught up in the auction mentality. When they are all selling in the same price range based on year, mileage, and condition, and it's low, I'd say that's a VERY good indicator of the market.