The Price of a ZR-1

[A1990]

Polo-1(Kevin) does have a C6Z06 and its blue.

[xlr8nflorida]

I am happy for you. I was one of the naysayers.

There are good deals for buyers and good deals for sellers. You paid 30ish and sold for 50k. That was a good deal for you as the seller and in my opinion not a good deal for the buyer as he overpaid when you look at the zr-1 market.

That being said, he parted with the 50k and he got what he desired so everybody is happy.

The real market value as you well know is in the 30s. Your car was for sale several times over the past two years and it never typically got offers above low 30's.

You are allowed to get lucky and find a seller who pays too much but that does not mean the car was worth that kind of $$.

Do you have link where the car sold?

What consignment place sold the car?

What % did you have to pay?

Roger's Corvettes in Maitland has had 90 ZR-1's at the 50K level for probably a decade.

You must have caught a "live one"


Again, congratulations.

[gmonsen]

First, great sale and great price. Whoever bought the car is someone many of us would like to meet, but seldom do.

However, while I am a true believer in the long term value of the ZR1, the market today shows that this price is a serious outlier. I have been looking for a ZR1 for several months. I have about 15 ZR1's on my ebay watch list. I have multiple windows up at all times with cars.com, autotrader, ZR1net and others all up and study them every day. Asking prices range from $15,000 to $75,000. Two are at about $50,000 and then it drops to 40-ish. Most pricing is $20-30,000 for 1990's, with newer cars edging up and probably averaging in the lower-to-mid $30's.

The thing is that they are not moving or moving very slowly. I have narrowed my search down to 3 1990 cars with asking prices from $26-28,000 and they are all low mileage cars that are almost as new. Eat-off-the-struts clean. So. while I think these cars will go up in value over time, the economy is probably hurting values a good deal today, combined with the fact that, outside the Corvette community very few collectors of sports cars like Porsches, BMW's, Ferrari's, etc, have any idea what a ZR1 is, and that group is more willing to spend the "right" money for cars like this.

Anyway, good sale.

Gordon

[rhipsher]

Originally Posted by A1990

Polo-1(Kevin) does have a C6Z06 and its blue.

Thanks Dennis. I knew I wasn't going crazy. I remember seeing pictures of it with snow on it.

[rhipsher]

Hey! If Kevin got $75k for it Id high five him twice. Good for him. How many untouched 250 mile factory ZR-1s exist? A few maybe. And to a purist collector its worth every penny of $50k in my opinion. Who knows? In another 20 years it could be on display on a spinning platform at the autorama worth 1million dollars and he will have the last laugh.
If I had $50k burning a hole in my pocket Id rather have an LPE car with mega hp with plenty of change left over instead of a virgin never driven stock 325rwhp car. But that doesn't mean the car isn't worth the money. Kevins laughing at the naysayers all the way to the bank as he deposits a big fat check. Awesome Kevin you were patient and it paid off big. Right on.

[GOLDCYLON]

Awesome glad to hear Kevin. It was worth evry penny. A true NCRS dream car!!!!

[Polo-1]

This was never about if I made money on a car or not. It simply was what is a NEVER titled, 179 mile ZR-1 worth. I had offers as low as 25K... Come on REALLY.

I cried at the LPE TT car for $40k. These cars are WAY under valued.

This was one of my fav's I saved.

you seriously want $36000 for that thing???? dont know if youve checked around but you would be lucky to get $8000 for that old thing. For that kind of money you could get an 07 vette or an 05 viper if you shopped around. just thought you should know you will NEVER get close to that kinda money for a 90s corvette.

I wont ( cant write my reply ) here


Consignments are all about the same. From what I have seen.

10% of sale price.


For me I was happy, It was getting old with the comments above. It took them 2 months to sell the car. They sold the sister car last year for $49500.00 It was Black with 135ish on the clock.

As far as Roger's. He gave me no respect on my car, he did not get my car to sell. I was looking at the Yellow 95 he has as a possibility.

Yes, I have a 07 Z06. It's not a replacement for the ZR-1. Too many years apart for tech changes.



My Girls are gone.. I think I already miss them....

[mike100]

Do you know anything about the buyer?..collector or driver? I'd imagine for the premium paid, he's gonna keep it as is- that's my guess.

[LGAFF]

http://www.youtube.com/watch?v=GNEcQS4tXgQ

[Polo-1]

No, I don't have any real info on the guy/gal. Just one of their good clients.

LOL Lee