01-26-2014 | #1 |
Join Date: May 2011
Location: Sydney, Australia
Posts: 2,479
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Time to face the music.
The Z is the Red headed step child with tons of freckles.
I watched Mecum today and saw 5 ZR-1 that all were low mileage museum pieces trade hands with the top seller being 70K. Three of the cars had less than 50 miles and were never dealer prepped. Than low and behold a 96' GS Roadster with 11 miles sold for 140K dollars.
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Robert J. DeMarco [SIGPIC][/SIGPIC] [COLOR=blue]G[/COLOR][COLOR=red]rand[/COLOR] [COLOR=blue]S[/COLOR][COLOR=red]port[/COLOR] Registry Lifetime Member NCM Lifetime Member #2655 Pacecar Registry Member [COLOR=red]ZOOM Charter Member - ZR-1 Owners of Michigan[/COLOR] [COLOR=plum][I]ZR-1[/I] Registry member since 2012 [/COLOR] [COLOR=black]1990 LPE "368" Aerobody ZR-1, Last ZR-1 built by John[/COLOR] 1991 Callaway Aerobody ZR-1, DRM 500 1991 Shinoda Aerobody Spyder, 1998 Pace Car |
01-26-2014 | #2 |
Join Date: Dec 2012
Location: NC
Posts: 1,786
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Re: Time to face the music.
I've got $28k in mine, not counting time.
I wouldn't even think about it at $33k...
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I'm getting my snappics / threads removed blindly as fast as I can, to get in compliance with copyright / license TOS on the boards here (lots of FSM pages and other copyright / license violations on my part; sorry guys). And thanks to all the guys who didn't whine when I posted those FSM copyrighted / licensed stuff in my threads... ( :thumbsup: [b]and to think I complied with a mod's request to delete a pic of him in a Challenge Car in NCM Museum, so he wouldn't get in hot water)[/b] Thanks to several guys here for sending parts FREE; BearlyFlying, WeGone, Geezer, GoldCylon, and more there, TonyD, mike100, fletchusmc... 1990 #2794; 4L60e Stage V by RPM Transmission, TCI Dedicated TCM, OBX Stainless, Power Effects 3" [IMG]https://lh5.googleusercontent.com/-GHpfzty7DVU/UQn-0Ru2xAI/AAAAAAAAA14/08mz1p4QLD4/s445/Screenshot-5.png[/IMG] Last edited by Schrade; 01-26-2014 at 02:32 AM. |
01-26-2014 | #3 |
Join Date: Nov 2013
Location: ..
Posts: 693
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Re: Time to face the music.
that is right. I saw a resto junk mustang shelby coupe with candy red paint sell for 215k but a callaway zr1 speedster twin turbo 1 of 2 with 766 hp not sell at 185k.. any mustang shelby brings 150k plus.. any chrysler plymouth, dodge cuda, roadrunner etc.. with 440 or 426...125-175k... like nothing. there are cars that just bring it. we know they are inferior cars as far as engineering and performance but they have that touch of midas. it is just not time yet for these lt5 cars. it will have its time. i have seen it too many times. there was a time when a 429 mustang brought nothing. now a 429 mustang in any condition is 200 to 300 k guaranteed.
zr1 investment buyers may not be to happy. those of us who bought to enjoy it should not matter especially if you bought low. One day our time will come and if it takes longer than we anticipate, at least we enjoyed them. edramos #3028 |
01-26-2014 | #4 |
Join Date: Jan 2010
Location: Freedom Pa
Posts: 275
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Re: Time to face the music.
One of the things that brought me to Vettes was bang for the buck. I use to be a Mustang guy. I had a 68 that seemed like it would never get done, sold it to help fund my divorce. Paid off the ex. Recovered a little & bought a very nice vette. Four wheel discs, great suspension, less rust issues & the best parts GM had at the time. I think Mustangs, Camaros & Chevelles bring big bucks because those were the cars we seen as kids & couldn't afford them then. I didn't dream about vettes, because I knew I could "NEVER" afford one. Take that investment out on your favorite back road, hammer the snout out of it.......that's your dividend!
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01-26-2014 | #5 |
Join Date: Mar 2004
Location: Found Member
Posts: 4,346
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Re: Time to face the music.
Yes one day our cars will be worth something. Who knows how much , we will all be gone by then. Who cares too ? Point is go out and enjoy them now.
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Frank Urbo. NCM Lifetime member # 982 Registry Founding # 237 |
01-26-2014 | #6 |
Join Date: May 2007
Location: Chicagoland, IL
Posts: 9,704
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Re: Time to face the music.
Watched a bit of Chasing Classic Cars last night. Involved a Bonham auction.
People bidding 28k for a Good a Humor truck. It dawned on me that this is so much less about the cars and the fun we get out of them, and so much more about controlling or owning something no one else does. It's a power thing, and I don't mean horsepower. Yes some people will finally buy the car they've been saving up for because they either had one when young or wanted one. They're going to recapture their youth one time before they die. Good for them. But the money guys couldn't care less. The ones that drive the prices look at it as a commodity to be traded. The experience of driving it doesn't enter into the equation. And so owners like us are disappointed because we simply don't understand that. I don't put guys like Seinfeld or Leno in this category. They clearly are passionate about their cars. But you don't see them flashing around Barrett Jackson like Hendricks does for example.
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[SIGPIC][/SIGPIC]Former Membership Chairman Former ZR-1 Registry - BOD 1972 Corvette 4speed base Coupe SOLD long time ago 1984 Corvette Z-51/4+3 SOLD 1992 Corvette ZR-1 Aqua/Gray #474 SOLD 1992 Corvette ZR-1 Black Rose/Cognac #458 2014 Honda VFR Interceptor DX |
01-26-2014 | #7 |
Join Date: May 2011
Location: Sydney, Australia
Posts: 2,479
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Re: Time to face the music.
Make no mistakes none of my cars were bought as an investment. I was just stating a point.
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Robert J. DeMarco [SIGPIC][/SIGPIC] [COLOR=blue]G[/COLOR][COLOR=red]rand[/COLOR] [COLOR=blue]S[/COLOR][COLOR=red]port[/COLOR] Registry Lifetime Member NCM Lifetime Member #2655 Pacecar Registry Member [COLOR=red]ZOOM Charter Member - ZR-1 Owners of Michigan[/COLOR] [COLOR=plum][I]ZR-1[/I] Registry member since 2012 [/COLOR] [COLOR=black]1990 LPE "368" Aerobody ZR-1, Last ZR-1 built by John[/COLOR] 1991 Callaway Aerobody ZR-1, DRM 500 1991 Shinoda Aerobody Spyder, 1998 Pace Car Last edited by cvette98pacecar; 01-27-2014 at 01:25 AM. |
01-26-2014 | #8 |
Join Date: May 2007
Location: Chicagoland, IL
Posts: 9,704
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Re: Time to face the music.
Bob I don't think anybody is on this forumwho is just a collector or isn't about enjoying the car
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[SIGPIC][/SIGPIC]Former Membership Chairman Former ZR-1 Registry - BOD 1972 Corvette 4speed base Coupe SOLD long time ago 1984 Corvette Z-51/4+3 SOLD 1992 Corvette ZR-1 Aqua/Gray #474 SOLD 1992 Corvette ZR-1 Black Rose/Cognac #458 2014 Honda VFR Interceptor DX |
01-26-2014 | #9 |
Join Date: Jul 2005
Posts: 243
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Re: Time to face the music.
These cars aren't worth anything unless 1) You're willing to sell, AND 2)Someone's willing to buy.
The new generations and those who are strict pushrod fans aren't interested in these cars anyway. I've been lurking around the C4 Facebook community, and unfortunately, ZR-1's don't get much respect simply because of the lack of education on them. GM really likes to keep the history of these cars in the dark. Bottom line is, who cares what they're worth? Add fuel, get in and drive! That's what they were built for anyway.
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Constantine Registry Founding Member #0235 1991 Corvette ZR-1 -- Stock, 94 ZR-1 exhaust system, muffler delete. 1956 Chevrolet Belair -- Pro Street, 531ci Cadillac, 8-71 Blower, 8pt roll bar, built TH-400, 9" rear, 1,100 HP -- Street Car. https://www.youtube.com/watch?v=z8y4cwcvK0s 1968 Mustang "Pegasus" -- Zeeker Chassis, 584ci Dart Block, Brodix Big Brodies, 2-1150 Dominators, FTI 'Glide, 1168 hp, best ET & Trap(holding back) 8.57@159 -- 7.9X -- 1/4 mile car. 1970 Chevelle -- 468ci, TKO600, shaved and smoothed everything. |
01-26-2014 | #10 |
Join Date: Jun 2005
Location: pittsburgh
Posts: 4,632
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Re: Time to face the music.
i wouldn't mind it being worth something as mine maybe for sale soon
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It's not the car, it's the people - Doug Johnson 90 r/r "KEYS ON" nick named "T.L.B" |
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