How low can they go ?? Mecum Auction - ZR-1 Net Registry Forums

Sgreg · 06-26-2009

One thing is clear after watching the first 4 hours of the Mecum Corvette Auction from St. Charles, Ill., not just ZR-1's are suffering from the economy. Many quality vettes went over the block well below reserves and some that were unprotected were givaways. 60', 70's, 80's, 90's and 2000 + year models all took their lumps in open bidding. The depressed prices have finally hit all collector cars save a handful of one-of-a-kinds and historical cars. I feel a little better knowing ZR-1's are not the only Corvettes feeling the heat. Of course, how can you really feel better watching your car lose value if you are an owner and not a buyer ?

06-26-2009	#1
Sgreg Join Date: Aug 2006 Location: Texas Posts: 518	How low can they go ?? Mecum Auction One thing is clear after watching the first 4 hours of the Mecum Corvette Auction from St. Charles, Ill., not just ZR-1's are suffering from the economy. Many quality vettes went over the block well below reserves and some that were unprotected were givaways. 60', 70's, 80's, 90's and 2000 + year models all took their lumps in open bidding. The depressed prices have finally hit all collector cars save a handful of one-of-a-kinds and historical cars. I feel a little better knowing ZR-1's are not the only Corvettes feeling the heat. Of course, how can you really feel better watching your car lose value if you are an owner and not a buyer ?