Is the 427 Collector's Edition Truly A Collector's Car?
#1
Burning Brakes
Thread Starter
Is the 427 Collector's Edition Truly A Collector's Car?
Okay, that was a rhetorical question. But given some recent posts going around about top ten reasons to buy a C6 now, I'm thinking the 427 CE is in fact the ultimate collector's car. I weighed in on the top 10 reasons list that like it or not, GM is, in part, Government Motors now and I stated that I believed, as such, GM will reflect government energy policy considerations going forward (what we think we kinda know about the C7 sort of reflects that). Point is, The C6 was designed at a time when the G in GM stood for "General". If I were younger and had the dough, I'd definately buy a 427 CE. Or if I had the dough and a son or daughter who were worthy, I'd buy one just to drive occassionaly and then will it to that kid as one hell of a legacy inheritance.
Maybe I'm just suffering from Corvette fever and not looking at this correctly?
Maybe I'm just suffering from Corvette fever and not looking at this correctly?
#2
Mass produced...yeah it about 150 years if its the only one left and it will still be a CHEVY
#3
Le Mans Master
Lets face it to be a collector car, it will take at least 20-30 years before we will (or in my case) or the younger generation will see any value as a collector car.
Now my own opinion, is if GM/Chevrolet wanted it to be a possible true collectable, they would have issued a limited number of the anniversary edition only. Not simply allowed anyone to order a 427 convertible or roadster as I like to call them in any color.
Maybe the only thing that will make them collectable, will be the fact that they are the only year that you could get a 427 in a roadster body.
I suppose only time will tell and I most likely will not be around to see it.
Now my own opinion, is if GM/Chevrolet wanted it to be a possible true collectable, they would have issued a limited number of the anniversary edition only. Not simply allowed anyone to order a 427 convertible or roadster as I like to call them in any color.
Maybe the only thing that will make them collectable, will be the fact that they are the only year that you could get a 427 in a roadster body.
I suppose only time will tell and I most likely will not be around to see it.
#4
Race Car Tech
It's a beautiful machine, but I and many others will be long gone before it's even considered in the collector car class. If the C7 is a complete bust, then maybe the ZR1, Z06 and CE cars will be worth something.
#6
Team Owner
Great Vette but like any other car keep it long enough and call it what you want, like a collector car.
#7
Team Owner
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St. Jude Donor '15
"In honor of jpee"
Why not think of it this way: who defines what is a collectors edition of anything? Is it the company, the advertisement, the first buyers, the next buyers, the market, the press/media? Even when there are "limited runs," "signed editions," "special packages," etc. in all forms of merchandise, no one knows exactly when, or if something will become collectible or worth more than when it was produced. The beauty of it all is, we can guess and hope. Kinda like digging for oil or gold---sometimes you strike it rich.....
#9
Burning Brakes
Thread Starter
Absolutely!
Absolutely agree. That's why I said that if I were younger I would buy one. I figure it will be 30 to 40 years before the car really begins to appreciate in value. BY then I'll either be dead or drooling away in some nursing home.
#10
Team Owner
You can collect anything.
I love the car and it will be worth more than most C6's but its a long way away from being the status of a 60s Vette.......about 50 years to be exact. lol
But then again age has nothing to do with it. Quite a few 90s cars are collector cars already.
I love the car and it will be worth more than most C6's but its a long way away from being the status of a 60s Vette.......about 50 years to be exact. lol
But then again age has nothing to do with it. Quite a few 90s cars are collector cars already.
#11
Melting Slicks
Pretty much the first rule of thumb when it comes to valuation on collectable goods is that if it says "collector edition," it's not.
As TLS Addict points out, you can certainly collect anything. However that doesn't mean that the vehicle will hold any intrinsic value outside of sentimental.
There are certainly some modern corvettes that will likely become sought after enough to at some point see their depreciation curve turn upside down. Whether that includes any of the 427's is yet to be seen. It's going to take 20+ years on that end. It's got some things going for it though. Last year of production for the C6, model that was not introduced and not available through the generations entire run. That in itself limits it's build numbers. It also benefits from GM's now allowance on near total customization by owners.
As TLS Addict points out, you can certainly collect anything. However that doesn't mean that the vehicle will hold any intrinsic value outside of sentimental.
There are certainly some modern corvettes that will likely become sought after enough to at some point see their depreciation curve turn upside down. Whether that includes any of the 427's is yet to be seen. It's going to take 20+ years on that end. It's got some things going for it though. Last year of production for the C6, model that was not introduced and not available through the generations entire run. That in itself limits it's build numbers. It also benefits from GM's now allowance on near total customization by owners.
#13
Race Director
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It will never be worth anything. In 30 years it'll be another one of the mass-produced corvettes not worth anything.
C6 ZR1s will start to drop heavily in the next few years as well. Z06s are already there
C6 ZR1s will start to drop heavily in the next few years as well. Z06s are already there
Last edited by FloydSummerOf68; 12-13-2012 at 01:01 PM.
#16
Race Director
I look forward to that when I am 102. At 52 I dont really think along the lines of long term collectibility anymore.
I think back to all the guys that stashed away the 78 Pace cars and silver anniversary cars and where did it get them? Not far. I would rather drive the wheels off it.
I think back to all the guys that stashed away the 78 Pace cars and silver anniversary cars and where did it get them? Not far. I would rather drive the wheels off it.
#17
Team Owner
I bought a regular version of the 427, and while its a great vehicle, I dont see it being a colllectible. I was going to buy a vette convertible anyway, and moved to the 427 for the coolness of it NOW, as opposed to letting it sit in my garage for thirty years HOPING it becomes a collector. Mine will see plenty of road time in nice weather, and I will likely be out of it for a loss long before it could even try to become a collectors car.
Maybe if it does become collectible in fifty years, and I am still alive at 95, I will try to buy my old car back, lol.
Maybe if it does become collectible in fifty years, and I am still alive at 95, I will try to buy my old car back, lol.
#18
Team Owner
This is a 427 wrapped in a convertible package which people have been asking for since then introduction of the sixth generation Corvette and may very well be the last opportunity to get a 427 from the factory.
#19
Le Mans Master
Who can say what will be happening in 30-50 years. I know there are some that want to say NO and maybe they are right. But take a look at the '67 427 Corvette's and it does not matter what engine it is, if it is a 427 it is bring in excess $100,000.00 in most cases with the 427/435 demanding top dollar.
After all this is the last year of the C6 and it is a 427 although not the legendary Big Block, but again in 30-40 years you never know.
After all this is the last year of the C6 and it is a 427 although not the legendary Big Block, but again in 30-40 years you never know.
#20
Race Director
That might be a little harsh. A marketing ploy is when they put decals on a current car, maybe add a color and some contrasting stitching.
This is a 427 wrapped in a convertible package which people have been asking for since then introduction of the sixth generation Corvette and may very well be the last opportunity to get a 427 from the factory.
This is a 427 wrapped in a convertible package which people have been asking for since then introduction of the sixth generation Corvette and may very well be the last opportunity to get a 427 from the factory.