1Bad69

if this is a dupe sorry.... http://cgi.ebay.com/ebaymotors/aw-cg...tem=1804484715


[Modified by 1bad69, 3:17 AM 2/12/2002]

Rowdy Rat

Not a duplicate on this particular auction, but this car has been on ebay before... I seem to remember that the bidding ended around $88,000 or so. This car has been for sale off and on in Hemmings Motor News for two years or so at an asking price of $119,000. It appears to be a pretty nice car... Tim Thorpe restored several L-88s during the late 1980s-early 1990s and those that I have seen have been first rate cars.

I see now that the current auction is "private" and that the bidders names are not listed... With a current bid of over $100,000 (and a previous high of $88,000), I'm wondering if the bidding isn't being massaged a bit to get it closer to the Hemmings asking price. Considering the current market and financial conditions, $100,000 is probably a fair price for this car.

I'm curious to see if it sells....

Regards,

topless68

WOW! :eek:

If I had it ($$), it'd be sitting in my driveway right now. :yesnod:

redvetracr

Stan,
"massage a bid on ebay" Perish the thought.
......redvetracr

Rowdy Rat

LOL... I guess I was stating the obvious! :)

Regards,

geopar

It is a nice car . I bid it to 88k a couple of months ago , had it inspected by one of the nation's best , and offered 100K . Was turned down ! It has been hit in the rear and repaired nicely on the outside but not perfect on the underside , wrong carb date , wrong dist. , replacement block ( a peroid correct replacement) , it's been years since restoration and time has taken it's toll--little things like lack of shine on nuts and bolts , a little rist here and there , more wear on seats , etc. , etc.. Another funny thing is that they are advertizing more complete owner history , Info that I gave them ( I did a lot of research on this vette --a lot) . I asked the owner if he was planning on reimburssing me for this info , guess what I got !? Anyway , Will be curious to see if it sells . Funny how the L88 values have stayed flat ( except for those few '67's). Geo

PRNDL

Dang Geo, you were going to spend 100k on a 69 NOM without the right carb or distributor? I guess I am not very good at determining value. MJ

63Banshee

Think he'd sell me those redline tires minus the car? :rolleyes:

geopar

This is a real car . I found the original owners family and several of the past owners ( all of them , actually). The wrong engine block and carb are to be expected in the "real" world for vettes like these ( raced , not street drivable , easily blown up) the block is a correct ly broached GM peroid correct piece , and the carb is correct #'s but dated late . The bigger question is , Why are L88's not going up in value ??? These are a rare , special production , unique piece of corvette history . Why ?? Geo

BAD-L88

I thought I heard this car sold after the last Ebay auction, maybe it was and the deal fell through. I believe the figure was $105,000 but I could be totally wrong.

The seller claims it is the first L-88 produced in 1969, VIN #6723 built on November 5, 1968. I wonder if my car is the first L-88 coupe of 69, my VIN # is 7371, and my build date is November 11.

I think the L-88 prices have moved the past few years, DOWN. Maybe this is the bottom?

Rowdy Rat

Geo,

Thanks for your honest description of the car. I've been curious about it ever since the original ad in Hemmings came out. Personally, I think your offer was more than fair (fair for both parties)... With few notable exceptions, I can't think of any 1968-69 L-88 that is worth more than that. I've seen several VERY nice documented coupes that recently sold in the $70,000 - $75,000 range and I don't believe a convertible demands THAT much of a premium. I'm with BAD-L88 regarding L-88 values... If anything, they have moved down over the past several years.

By the way, I'm still very interested on any information (particularly stamp pad and engine casting data) that you are willing to pass along on that LS-6 the next time you have a chance to look at it!

MJ,

As Geo noted, a replacement engine for an L-88 isn't that big a deal provided that the car is real and has the documentation and ownership history to prove it. Those cars that DO have the original engine sell for a premium as I'm sure you would expect. With regard to L-88s and replacement engines though, it's safe to say that the impact on value isn't nearly as great as you would think... At least this has been my observation.

BAD-L88

I've got some survey data on L-88s that I've put together (not to say it is all encompassing... 70 or so 1969 cars, but at least it is something to reference). I show a few cars built prior to this one in 1969 so calling it the "first" may be a bit off the mark. I show your car as number six overall and the second coupe using the limited information that I currently have.

Regards,

63Banshee

Because, like Cisco stock last year, they are already over priced.

flood

Thats too much for a non-original car. I think.

When I was about 10-13years old (im 23 now) my dads friend had a 69 L-88 that was 100% original and hardly ever driven. Sold for a smudge over $100,000. Its weird to think that I sat in that car and didn't even realize at the time how important it really was. Orange paint and stickers that read not to open the windows in excess speeds of 140mph (might have been a different speed). Impressive to see that kind of info in a car. They are cool cars.

SBR

Banshee, I know a guy that has 5 NOS non DOT Goodyear Speedway Redlines that he is selling. I am not sure of the price but I remember him saying that they are mint and not cheap. Let me know if you are interested.

Vettesic

Rowdy RAT, Never saw a pic such as your sig. pic with the delivery point in backround. Curious.....Is that the way vettes were delivered at the S. Louis plant?

SBR

I feel that the L88 prices went up way too high too quickly in the late 80s and this is why the prices have remained fairly stable to slightly lower ever since. I also think they are about to go up again and the results from the Barrett Jackson auction bears this out. IMHO that an L88 should bring more money than COPO Camaros and they were bringing close to six figures!

63Banshee

Thanks for the info. If I decide to do any Bloomington Gold shows or something like that I may consider it. I just don’t have it in me to build concourse cars anymore. Besides, he would probably want a grand plus for a set of 5.

Rowdy Rat

Vettesic,

Wouldn't it have been cool if that's the way that they were delivered? :)

I wish that was the case, but this is actually a staged photo that was taken at the 1998 NCRS National convention in Collinsville, IL (just a few miles from St. Louis). Dana Forrester painted the large backdrop on canvas and the cars were photographed in front of it as they entered the convention hall. The backdrop was raffled off at the end of the convention...

Still makes for a pretty neat photo though!

SBR,

It's really amazing what some of these musclecars are selling for. As you noted, the prices that 1969 COPO cars in particular are bringing right now is amazing... Right up there with any '67 L-71 or '68-'69 L-88.

The Barrett-Jackson auction certainly helped the musclecar cause... I think that it was more or less indifferent as far as Corvettes go. I have to wonder though how much the prices paid were affected by "bidding fever." I have a good friend that runs a restoration shop in western PA that specializes in Camaros... He filled me in on a couple of the cars that sold at B-J and his opinion was that ALL of them could use some help. I personally went with him several months ago to see the 1969 Yenko Camaro that sold at B-J for $73,500 (the owner at the time wanted an estimate on a restoration). This was a project car that would have required a $50,000 to $60,000 restoration... And it sold for almost $74,000! Go figure.

Glad I bought mine when I did... I certainly couldn't afford one now.

Regards,

Vettesic

Rowdy....Thanks for the reply. I know this is off the subject of this post. Sorry 1bad69. See my post on the whereabouts of the old St Louis Plant. I recently went to the NCM and the GM plant tour. Awsome!! Now, I would like to also go to the location where the St. Louis old plant was. You sound like you would know where it was. Thanks, L8TER, Paul.

SBR

Geo, I am sorry to see that the owner of the L88 did not reimburse you for the info that you provided him. You did the right thing in providing it but its a shame that he did not. Good luck in your search.