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Re: Crazy Price
And if I am a seller, the crazier the better, no matter what......Big Tanks In the High Mountains of New MexicoComment
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Re: Crazy Price
Folks, my two cents. We are in this for the love of this automobile. There are many better and more safe investments out there. Sure, a speculator on a one off highly documented car with judging pedigree may make a buck but in my opinion not compared to the cost of the original build; some investor may have taken a hit.
Doesn't matter. I purchased my very original '67 L79 roadster for a fair price. For the purpose of driving and enjoying it and yea bringing it a bit closer to originality over time.
If I get my money back 5 years hence I am ahead. Meanwhile, I look forward to every sunny weekend.1967 L79 Roadster Silver Pearl
A31, G81, J50, M21, N36
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Re: Crazy Price
I bought my split window in Aug of 2013, just before the huge spike in price, based on sales of similar cars recently and using the "rule of 72" that's about a 10.3% rate of return; I'm not complaining and, ni, I didn't buy it for an investment.Comment
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Re: Crazy Price
Your experience is an anomaly, Frankie. If you’re in this for the investment, that’s nuts these days: buy some Bitcoin and pray. With a Corvette, to make money you better pick the right car, be prepared to never drive it, and hope the market increases. You still won’t make much money.
If you chose a restored ‘67 427 car back in ‘89, when they were hot, you’d be in the hole now, unless it was an L88. Even cars that aren’t driven develop patina and with today’s restoration cost, 99.9% of the Corvettes out there will result in a long-term loss.
By ‘em to drive...
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Re: Crazy Price
When price's went crazy in the late 80's and early 90's every wrecked mid-year was dragged out of the wrecking yard. Amazingly most of them were big blocks and red creating an abundance of mid-year cars. The bottom line it is supply and demand there are plenty to go around and at affordable price's. Drive it like you stole it.Comment
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Re: Crazy Price
Friends, we have a problem the cost of a honest body off frame restoration is out of site expensive ! A Top Flight quality proper paint job on a Corvette is $25,000 with no real body damage. Labor for restoration is close to $100 a hour in a good shop rebuild a engine / trans and buy a couple of date correct parts. Lets see, I buy a fair 70 Convertible for $30,000 spend $75,000 to $100k restoring it and I have what- a $40,000 car ? There are only so many of us that are willing or able to do that and then drive it ??? Buy the best you can afford, take a look at some of the cars that are 20 years old now that you CAN drive. ZR-1, Grand Sport , Z0-6 etc original is even better.Comment
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