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FWIW - 1LT, Z51, red GT1 seats, red calipers, StingRay R cosmetics with 4,000 miles.
Sold for $87,500
Still $10k over MSRP but with auction costs, its much less than that. I'd say prices are coming down.
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I don't think being a 1LT is the problem, if there is one. I wouldn't judge market trends just by an auction price, high or low. There's much more to it than that.
What year C8? Is Mecum auction wholesale or retail - open to the public where anyone can bid? That would impact the prices some. I don't think being a 1LT would be the problem, if there is one.
2020 Corvette of the Year Finalist (performance mods)
2019 C1 of Year Winner (performance mods)
2017 Corvette of the Year Finalist
2016 C2 of Year
2015 C3 of Year Finalist
For the buyer, with the 10% buyer's fee, he paid over $95,000 for a car that likely stickered in the mid 70's. Prices haven't softened much. Also, that venue in Chicago isn't like Kissimmee or BJ in Scottsdale.
The buyer paid over $96,000 for the a low-mileage 2022 version. ($87,500 x 1.1 fees = $96,250)
That's $20,000 over MSRP for a USED one.
Originally Posted by imxz28
FWIW - 1LT, Z51, red GT1 seats, red calipers, StingRay R cosmetics with 4,000 miles.
Sold for $87,500
Still $10k over MSRP but with auction costs, its much less than that. I'd say prices are coming down
Last edited by NA Screamer; 10-16-2022 at 11:52 PM.
Alcohol, thick wallet and ego = crazy bids.but hey, it's their money, ego and drinks.
THIS^^^^^
You cannot judge price from a Mecum or a Barrett Jackson auction. This is Stupid Money plain/simple.
I live 10 mins from BJ and go every year. I continue to attend because it’s a show in itself watching how much money flies around that place buying cars that are nowhere worth what these camera needy people pay for them.
Local dealer here in Las Vegas prices them at $55K over sticker, and the cars don't stay on the show room floor more than a few days. According to the salesmen, they don't take much off of their mark up either. So, someone is buying them, and quickly. Of course, they're only asking $35K over sticker for their ZR2 half ton pickups, but those don't seem to sell as fast.
The buyer's fee is 12%, at least that's what I had to pay for a 57 Chevy I bought at auction.
Is that what the seller pays even if he doesn't make a sale due to reserve being not met? That would be pricy and keep me out of that scenario. Not that i am ever planning on selling my Game Changer.
10-16-2022, 07:02 PM
C8 sells at Mecum Saturday 10/15/2022
Prices for a C8 are still high around here. 
