TCracingCA

On my Registry Rare Corvettes for Enthusiast thread and others is just my attempt to make the rare car vins public, without the hoopla of Ownerships. Just the cars. I keep working on all of that on and off, just haven't typed anything new in awhile. I will circle back on adding more. Been doing other research projects lately. Also on each car, there are better experts than me, usually what they talk about, I just keep most of that in my private notes. I have a number that have shared stuff they want to keep confidential, I tend to respect that, but generally the truce I get, is related to the basic Vin, color, Dealership if it is known. A few cars that are hurting the overall history, I have called a number of those out!

vettebuyer6369

First you start a thread wondering whats so special about midyears. Now you dont know why a rare midyear is worth a lot of money.

Maybe its time to understand you dont get the used Corvette market beyond 1959.

bb62

What you seem to be forgetting is that the 560HP was a gross number with open headers and no accessories. Your 450-470 number may be an SAE Net number (or worse, a chassis HP number). I would also be surprised if the 560HP was an off the line engine rather than an engineering test engine that was fully prepped. The tolerances in those days were surprisingly lax.

Factoid

Sometimes the random thoughts that pop into your head, Carl, should stay there!

That said, I do enjoy most of your threads and the responses they generate.

Thorson

It’s a pretty crazy market.
In 2009 when I bought my ‘65 396 flared coupe it was overpriced but somewhat reasonable in most people’s opinion at 63K.
1963 coupes were just cars…no big block, no disk brakes, most (other than fuelies) seemed to be bought on the cheap for restomod conversions.
I remember that a ‘67 L88 convertible was sold around that time for something like $600,000 and it was a record. Not long after that the price for an L88 car somehow went to a $3,000,000 minimum.
And ‘63 coupes no matter what engine or color or condition are bringing major dollars, far out doing any other mid years.

F4Gary

That's a lot of capitol gains.

68hemi

I know you are somewhat new to the old Corvette hobby and apparently have not been aware of midyear prices. The whole market is changing for a number of reasons.
1. Restomods have effected it.
2. There is a big split between people that value originality and updated restomod types. They are still holding value as original type cars but you can expect that to change with many as “we” age out and the younger buyers prefer the restomod type car. There will ALWAYS be big dollar buyers for an L88 type car because of the limited numbers AND being a factory built race car.
3. Straight axle car prices have been declining for the last several years INCLUDING FI cars. The exception being super well done restomods. They are not large guy friendly and don’t drive anywhere near as well as midyears and no ps or pbs unless you go aftermarket is a big detractor as well.
4. Midyears on the other hand prices have continued to rise in pricing. I don’t expect that to change anytime soon for the well optioned original cars as they are still considered good driving cars for even the younger potential buyers. Not to mention you can still add FACTORY type ps and power brakes.

I know you LOVE your 59 and this is not to be construed to be insulting in any way to straight axle car owners. I sold my 57 about a year ago mainly because of things outlined in #3 above.

Enjoy what you have but regarding midyears do a little more studying AND find someone that will let you drive a well sorted midyear example so you can speak intelligently about the differences between straight axle cars and midyears.

Vega$Vette

Above says it the way it is. The C1s are nice but C2s kick A**

Armedanddangerous

The guy with the garage down the row from me spent 160 million on a Ferrari. If you have unlimited funds whats the difference? Like the man said, for some people cash is like toilet paper. See it like it buy it. Move on to the next thing and buy that.

Railroadman

$160 million? I'm not at all embarrassed to say I don't have anything remotely like that kind of money.

larebob

Very expensive car's intrinsic value is in their "art", history and intangible assets. Often the specific mechanical condition is less an issue. An auction report (auctions have real prices) often will state flaws on these art objects that would turn us off like screwed on fender flares - but the artsy types look past the rust bubbles and paint chips and consider the whole object, not as a cool car, but something more. At typical Corvette pricing we want no spider cracks, no poorly glued on front clips, decent glass - in other words we want car function first. At the higher Corvette prices we start to get the "string back driving glove" evaluation when originality and original originality start to become value aspects. Anyway, at prices under $120 k on our cars without seeing the intimate detail of the actual function of the object, valuation is near useless. Some of these cars have subtle and not so subtle defects which were and are the real determinants of the price earned or asked. The crack areas around the headlamps and the quality of the paint are often not detectable in reports and pictures and swing the value by an easy $30 k. The BAT scatter graph is more useful as it probably includes at least some educated inspections and evaluations in addition to the goofs making comment on cars they haven't seen. Condition rules on cars we use and art rules on ANY car over $150k (guys spend over $1 million on cars "With some bubbling along fender lip...") . Doesn't mean they're wrong, they are just buying something else other than a car.

tuxnharley

What kind of Ferrari goes for $160M ? The highest priced ones I have seen reported are the 250 GTOs that range from $50M to 70M or so.

68hemi

I was wondering the same thing?

Pboyd

Including the yellow L-88 in the 2019 article. I’m sure that is why it “only” fetched 2.5M at auction.

Armedanddangerous

My bad. The weather tech guy has a garage a few garages down from me. His car was 70 mil, not 160. I got the 160 from an article I read that must have been incorrect or a misprint. I looked it up and 70 million is correct. He has quite a few expensive toys, but his garage is being refurbished and is empty at the moment. Sometimes the Weathertech racing tractor trailer is there with some cool Porches though. And also a Bugatti that they say cost over 5 mil.