"Fair" Price of 67 L-79 Roadster

[Jim W.]

I know asking for value opinions is a bit crazy due to all the variables, but given the current market, I am trying to determine a realistic price. I am hoping for some input on this car I have been checking out for some time now. I understand the ultimately it will be what I think is fair, but nonetheless, I don't want to overpay (too much) I am down to the point of making an offer, just want to make sure what I think is fair is in the ball park. The car is a 2 owner, 1967 Goodwood/Saddle Vinyl, L-79, Two top, Roadster. PS, PBrakes, AC and Speedminder. Engine and everything except the alternator are original, but is missing the A.I.R.. No hit body. Some rust on the rear bumpers from the exhaust, but chrome is pretty decent everywhere else. Frame is good, paint is nice. New door panels and seat covers. Has POP, Owners Manual, some early 70's registrations, jacking instructions, tank sticker. Engine/compartment are as you would expect of a 40 year old car. Overall, nice, garaged, cared for car. Any insight would be appreciated.

[Jay G.]

Re: "Fair" Price of 67 L-79 Roadster

NADA tends to be high. Check CCTOL and Hemmings for comparible prices. Conv.'s are more valuable than Coupes, as a general rule. But its a 67 with AIR. I'd say conseratively high 60's to mid 70's in todays "retail" market. Below those prices a fair deal.

[Russ T.]

Re: "Fair" Price of 67 L-79 Roadster

I agree with the previous assessment, but you may also be able to check E-Bay for a comparable car and see what it sells for. This sounds like a really nice car to invest in. Surprisingly, green was the most popular color for Corvette buyers in 1967.

NADA doesn't allow for matching #'s, but I know professionals who travel to shows nationwide and swear to their accuracy. This is the guide that they used to assess my '64 convertible for insurance purposes. It seems like their prices flucuate alot (always upward).

I own a '66 Chevy-II SS L-79 clone that NADA appraises at $33K. An almost exactly identicle car sold recently on E-Bay for $22K, so that's the assessment that I would use.

[Jim W.]

Re: "Fair" Price of 67 L-79 Roadster

Depending on what degree of restoration or freshening up it needs to be really nice, I would say somewhere in the $50's. It sounds like a nice car. Good luck. Jim Weeks- Member #2978

[Rob A.]

Re: "Fair" Price of 67 L-79 Roadster

Jim...

Sounds like a nice car. If you plan on re-installing the AIR system, take that into consideration when making an offer. Those parts are very expensive. The paper history the car has, POP, etc., is always worth a bit extra. I think a price in the low $50's would be fair if you're satisfied with the originality of the drivetrain components and options.

[Gary J.]

Re: mid year windshield

I would also check and see if it has the correct carburator for the A.I.R. #3605 for a small block. This carburator alone is very expensive if you have to locate one.

Gary Jaynes
#3503

[James F.]

Re: "Fair" Price of 67 L-79 Roadster

Missing A.I.R. will hurt big time for judging. Been there. Carb should be a 3814 Holly. Also check the a/c base for 2 outlets and for the correct exhaust manifolds. Email me for additional info if you do it.

[Gary J.]

Re: "Fair" Price

The AIR smog system will cost you 10 points on orginality and 10 points on condition if missing. That is not counting if the exhaust manifolds are wrong, air cleaner base is wrong and the wrong carburator. Points going away in a hurry!

Gary Jaynes
#3503

[Floyd B.]

Re: "Fair" Price of 67 L-79 Roadster

I subscribe to Collector Car Market Review. It lists the following for '67 Roadster with M20:

Condition:
#1 (fully restored trailer queen) $62,125
#2 (Show quality but not perfect) $47,250
#3 (Nice but obvious normal wear) $37,925
#4 (Good driver but needs some restoration) $23,550

Based on your description it sounds like you have a low #3 or high #4. Doing the math (including the option adjustments below) places the average price between $30,500 to $49,300

If we give the car the benefit of the doubt something around $50k seems reasonable - confirming other posts on this thread.

Add subtract for the following options:
L-79 = +10%
Hardtop = +5%
A/C = +15%

You don't say what type of tranny it has but the following options effect the price:
Base 3-spd = -5%
Manual steering = -2%

[Kevin M.]

Re: "Fair" Price of 67 L-79 Roadster

I would not sell my base 327 PG car for 50k and I'll take any L-79 you can find for 37k.

Kevin

[Wayne K.]

Re: "Fair" Price of 67 L-79 Roadster

I'll take a L-79 vert. "show quality but not perfect for $47,000". I'll make it perfect myself and put it on a trailer but I won't let it go for $62,000.

[Floyd B.]

Re: "Fair" Price of 67 L-79 Roadster

You have to do all the math. $47K is for a bare bones no options car (not an L-79). The options listed on the car under discussion in the thread add %30 alone. I was simply pointing out that the data appears to support the estimated value others had posted on the same thread (i.e. about $50k).

Unfortunately the Collector Car Market Review data does not list the value of the AIR (K19) option but I'm sure it adds value. The question then is: Is it better to have the liberty to add the AIR equipment making it a better car while at the same time making it correct or better to have a non-AIR coded car relieving me of the expense to make the car correct. Personally, I would rather have the "KH" suffix in the broadcast code and would be willing to pay extra for it even if the equipment is missing.

I know we love our cars but a "fair" price and market value are rarely the same thing. Sources like CCMR are cruel fact sheets that consider all buying/selling activity (private sales, auctions, estate sales, etc.) and do not account for the bond between a man and his machine. Of course patience works to the advantage of both a buyer or seller but not all sellers are in a position to be patient. The collector car market (especially for American muscle) has been in decline for the last 12 months and we have even seen values decreasing. I think this is a good thing and would be happy to see Barrett-Jackson dead and gone. Nothing gets my blood boiling like seeing a bunch motor-head wanna-bees with more money than brains squeezing out sincere collectors who will actually spend time in the garage with these beautiful cars giving them the love and attention they deserve. ;-)

[Jim W.]

Re: "Fair" Price of 67 L-79 Roadster

Collector Car Market Review is a pretty fair source for actual values. Until they sell it, some think their car is worth more than it is. Barrett-Jackson's sales aren't real world and send many inexperienced sellers down the primrose path.

[Floyd B.]

Re: "Fair" Price of 67 L-79 Roadster

Well Said Jim. I case you couldn't tell from my last post; I'm not a big fan of B-J and what it has done to the collector car market.