Tags Posts tagged with "Corvette Values"

Corvette Values

Mid Year Corvette Auction Price Pull Back

Right on the heels of the Scottsdale auction where the six auction houses reported a combined 18% increase in sales, Mecum announced record setting sales for their ten-day Kissimmee event, the largest collector car auction in the world. And Mecum’s results were truly impressive; total sales for the 10-day event approached the $70-million mark, currently standing at $68,801,987, selling 1,771 cars of the 2,404 that crossed the auction block, for an exceptionally strong 74% sell-through. So based on the results of the January auctions, long considered to be a barometer of the collector car market for the coming year, collectors are feeling “warm and fuzzy.”

Hagerty, classic car insurance company and price guide publisher, launched a new marketplace rating tool which ranks the classic car market at 70.22, which means it is “expanding but not overheated.” Hagerty chief executive McKeel Hagerty, explained to ClassicCars.com, “We developed this as a tool to allow anyone who is serious about treating collector cars as investments to immediately take the temperature of the classic car market and truly understand the factors that cause the classic car market to move up or down.” But if you are a Corvette collector before you get too excited, based on January results Corvette auction prices are slipping.

Deciphering the Confusing 2014 Corvette Collector Market

In a few days two prophetic auctions will take place that collectors of Corvettes will want to keep their eyes on whether they plan to bid at these auctions or not. The two biggest sellers of collector Corvettes in the country, Mecum and Barrett-Jackson will be holding their second important collector auctions of 2014. The reason these auctions are important is because after some mixed and difficult to interpret first quarter Corvette auction results, we should get a better read on the Corvette collector market and where it is headed for this year. After a spectacular 2013 which saw new records set on “blue chip” Corvette prices, and while the Corvette segment of the collector market was strong for most rare and well optioned cars, at this point it is difficult determine whether last year’s strong market tends will continue for 2014.

The Why? Behind the Jump in Corvette Prices at Auction
1967 427 3 2bbl fully restored car crossing block Saturday Lot 1278 – Photo courtesy of Barrett Jackson

Traditionally Thursday at Barrett-Jackson’s eight day collector car auction is a transitional day that bridges the gap between the early “bargain days” where many entry level, “small cap” collector cars are featured and the more expensive “blue chip” high dollar cars which cross the block on Friday through Saturday. This year has proved to be the strongest start to Barrett-Jackson’s auction extravaganza where over 1300 cars will cross the block over the course of the auction.

Corvette Values: 1985 Corvette Coupe

GG in Indiana submitted this 1985 Corvette Coupe to Corvette Values:

1985 Corvette Coupe, VIN #1G1YY0788F5129XXX. Red with Red leather interior. Powered by original 350 TPI V8 with manual transmission. Corvette has 54,000 miles. Power everything and AC blows cold. Options include Z51 suspension. Car is in good condition mechanically along with the interior and tires, while the exterior is rated excellent. Documents include original window sticker.

Find out how we valued this Corvette Coupe after the jump.

Corvette Values: 1968 Corvette Coupe

SF in Mississippi submitted this 1968 Corvette T-Top Coupe to Corvette Values:

1968 Corvette T-Top Coupe, VIN #194378S419XXX. Corvette Bronze with Dark Orange vinyl interior. All original body with no modifications. Base 327/300 hp engine, automatic transmission, power steering, power brakes, air conditioning, rear luggage rack. True mileage unknown. Car termed to be in “good” condition. Documentation includes warranty papers.

Find out how we valued this Corvette Coupe after the jump.

Corvette Values: 1974 Corvette Convertible

RB in Indiana submitted this 1974 Corvette to Corvette Values:

1974 Corvette Convertible, VIN #1z67j4s427XXX. Painted Dark Red (original) with dark red leather interior and a white convertible soft top. Matching numbers L-48 350ci/195hp engine, automatic transmission, 79235 original miles, power steering and brakes, air conditioning, power windows, auxilliary hard top and luggage rack. Paint and mechanicals in good/average condition, no documentation but have owner history.

Find out how we valued this Corvette after the jump.

Corvette Values: 1988 Corvette Coupe

WP in RI submitted this 1988 Corvette to Corvette Values:

1988 Corvette Coupe, VIN #1G1YY2184J5121XXX. 1-owner, 42K Miles. Matching numbers 350/245 hp V8, 4-speed manual transmission. Bright Red with Saddle interior. Options include Power seat, auto climate control, defogger, heavy duty cooling/radiator and auxiliary blue roof panel. Documentation includes owner history and original window sticker.

Find out how we valued this Corvette after the jump.

Corvette Values: 1958 Corvette Roadster

DD in CA submitted this 1958 Corvette to Corvette Values:

1958 Corvette, VIN J58S102XXX. Non-original 327 ci V8 dual carb with estimated 245-270 hp, 4-speed transmission and 75,000 original miles. Red/White with Red vinyl interior. Options include factory seatbelts, wheels and hubcaps, AM Wonderbar radio and auxiliary hard top. Fiberglass crack in front fender, scratches on trunk hood. No documentation but owner history is available.

Find out how we valued this Corvette after the jump.

TR of West Seneca, NY submitted this 1978 Coupe to Corvette Values:

1978 T-Top Coupe, VIN 1Z8748S438444. 56,418 Original Miles, L-82 350 ci 220 hp engine, 4-Speed transmission, 2 Tone Silver with Mahogany Cloth interior. Power Steering/Brakes/Windows. Factory A/C. AM/FM/CB Radio. Mechanicals rated as Excellent, Exterior/Interior in Good condition.