11k mile 90 ZR-1 on BaT

[DRM500RUBYZR-1]

Originally Posted by spork2367

Those high priced imports suffer the same depreciation across the market, auction, private party and dealer sales. That's based on the fact that someone bought a mass production car for 250k, got 30k worth of car and 220k worth of self righteousness. You can't resell the self righteousness...lol.



You criticize or dismiss almost every sale that is lower than what you think it should be. I'm not sure that demonstrates a command of anything other than you trying to justify dealership markups. Which I've said before, may or may not be worth it to the buyers on a personal basis.

Let's face it, dealerships, individual sellers, and auctions ultimately don't control what the market is willing to bear, the market does.

If you bought ZR1s for what you claim they should sell for, you wouldn't make one red cent!

Sport,
I sell them for the money they are worth, and before you ask your next question, yes, for some money heavier than what you think they are worth
To be clear, you don't make the market either. you DO understand that don't you?
Markets, auctions, and dealers do not buy cars, people do.


By the way, why not show me some pictures of your car, and I will let you know what it might be worth.
Marty

[KILLSHOTS]

Originally Posted by DRM500RUBYZR-1

As I recall, wasn't that the car that did not run even though it had new injectors?
Marty

Yeah, it had bad fuel pumps. They had replaced the entire assembly at Corvette Mikes and it was running fine after that.

[spork2367]

Originally Posted by DRM500RUBYZR-1

Sport,
I sell them for the money they are worth, and before you ask your next question, yes, for some money heavier than what you think they are worth
To be clear, you don't make the market either. you DO understand that don't you?
Markets, auctions, and dealers do not buy cars, people do.


By the way, why not show me some pictures of your car, and I will let you know what it might be worth.
Marty

Champ,

People are the market. I am a person, I have purchased cars, I am part of the market. I never said or implied I was the market as a whole if you inferred that somewhere.

I have stated twice that some people are willing to pay a dealer markup because the car is sorted out for them and they don't want to do that themselves. That's why used car dealers continue to exist.

Auctions aren't part of the market because they never own the car and dealers are only intermediary owners. You could argue that a dealer purchasing a car was part of the market, but most valuation companies don't calculate in those purchases, but instead the ultimate selling price from the dealer.

My cars aren't worth sh*t, I don't need you to tell me that.

[DRM500RUBYZR-1]

Originally Posted by spork2367

Champ,

People are the market. I am a person, I have purchased cars, I am part of the market. I never said or implied I was the market as a whole if you inferred that somewhere.

I have stated twice that some people are willing to pay a dealer markup because the car is sorted out for them and they don't want to do that themselves. That's why used car dealers continue to exist.

Auctions aren't part of the market because they never own the car and dealers are only intermediary owners. You could argue that a dealer purchasing a car was part of the market, but most valuation companies don't calculate in those purchases, but instead the ultimate selling price from the dealer.

My cars aren't worth sh*t, I don't need you to tell me that.

I try not to argue, so I won't debate any of your points, especially the highlighted ones..
I will agree with you actually.
Well sorted out, extremely well maintained, very low mileage cars are always worth a premium.
Most cars owned by Forum members typically fall into that category, and are indeed worth more than the low prices found and often cited as "the market price".
A 500 mile 90 that is right, and I mean really right sells to some for 35-38.
I have sold "right" 15k mile 90's for 30.
So yes, I would buy it in the mid to high twenties, sort it out, then sell it as above.
So is the market price 26?
Yes, barely running as that one was 26 was close to it.
Ahh, but sorted out? Far different answer.
It does not matter who does the sorting, it just needs to be done and done correctly, but once done, it is no longer a 26k car.
Often sellers just get frustrated and want out, and sell the car for what they can get NOW.
By definition that is NOT a market price. They have put undue pressure on themselves and therefore have deviated from a pure market price, but by their own doing.
I will also agree with what you said earlier. If you want high market price it takes time to find the right buyer who wants THAT car, and is willing to pay a premium for it because it is exactly what they want. Yes, that can take a year or more, but I am OK with that.
Fast always costs money regardless if we are talking racing fast or selling fast.
Drive fast; Sell Slow!
Marty

[DRM500RUBYZR-1]

Originally Posted by KILLSHOTS

Yeah, it had bad fuel pumps. They had replaced the entire assembly at Corvette Mikes and it was running fine after that.

No surprise there; as expected.
It's a shame that wasn't thought of before the injectors.
That does tell me whoever awakened that sleeping beauty either made a mistake or took a shortcut.
That is unfortunate for that seller, but VERY fortunate for the new owner.
I so wished that car would have been on the East Coast.
I love sleeping beauties, because I love low mile pristine cars!
That car will make someone very happy.
Marty

[KILLSHOTS]

Originally Posted by DRM500RUBYZR-1

No surprise there; as expected.
It's a shame that wasn't thought of before the injectors.
That does tell me whoever awakened that sleeping beauty either made a mistake or took a shortcut.
That is unfortunate for that seller, but VERY fortunate for the new owner.
I so wished that car would have been on the East Coast.
I love sleeping beauties, because I love low mile pristine cars!
That car will make someone very happy.
Marty

It actually had been thought of. Back in 2016, the car had a complete fuel system rebuild when it was taken out of storage prior to auction. Somehow, in the time since, one or both of the pumps failed. They were new in '16, though; I saw the entire pump assembly that came out of it recently and it looked brand new. It was a very nice car but it needed a complete stereo rebuild, various seat components, some weatherstripping and new plastic on the clear top, among other things. In the end, I wasn't looking for garage art, but also didn't have the heart to drive it and watch the value plummet.

[Mystic ZR-1]

Originally Posted by Mystic ZR-1

Red on red, 11k miles, nice car!
4 days left, bid currently @ $10675
Another one to be given away?
Lots of uninformed comments in the Peanut Gallery
comment section... (to be fair, some intelligent ones too)
For example: the motor was built in Sterling Heights Michigan!
Sure... and I'll bet they think it was built by
Scott-Atwater too? 😋

Bid currently @ $13450
2 days to go...

[Mystic ZR-1]

Bid currently @ $15000
One day left

Who's "Greybeard ZR-1"?

[PhillipsLT5]

I remember that handle

[Mystic ZR-1]

Originally Posted by PhillipsLT5

I remember that handle

He made some ZR-1 knowledgeable remarks on the BaT
site about the car under bid.
Thought he might be a member here?