SBR

I was wondering if anyone knows if the 69L88 that was up for auction on EBAY was sold? Just curious,Thanks in advance.

Guest

I didn't see either. Anyone know?

Thanks,
Rob

PRNDL

The red convertible? I think I checked and it was bid to over $100k and it said "Reserve not met"!! :eek: Greedy bastich!! :) MJ

PRNDL

$105,100 to be exact...
http://cgi.ebay.com/ebaymotors/aw-cg...tem=1804484715

Rowdy Rat

MJ,

I was following that one myself. I really dislike the "private auction" feature as it can be seriously abused if one was so inclined. I'd be very interested to know who the bidders on this car were.

I'll stick to my guns... $100,000 is more or less the going rate for a restored 1968-69 convertible. The owner/seller seems very determined to hold the car until they get close to the $119.000 price in Hemmings.

Best of luck to them.

Regards,

geopar

It's back on e bay today . "buy it now" for $125,000.00. Curious how they use the B.J. auction '67 L88 no sale at 450,000.00 as though these vettes are to be compared in the same "league". One of the guys selling this vette is a "professional" car broker , the other guy(owner) has a bit of money and can afford to wait for a better price . There is nothing wrong with this type of thinking , it may be the kind of posture that will help "build up" the sagging values of '68-'69 L 88's .(But I'm just not putting my money on this position) . It's a good car , it's a real car , it's in great condition , but todays market does not command the asking price ( hell , there are plenty of collectors worldwide with plenty of cash , if this car was worth so much it would of sold a long time ago). The year is 2002 ---not 1989 ---- maybe next year we will all look back and wish we had bought this vette , we'll see . My .02 , Geo

PRNDL

I will let you guys be the judges :) (literally, and figuratively), but for my money, if I had the money, I would spend on an original car as opposed to a "real" car. We had this discussion before, and i understand it is not unusual to have L-88s with replacement engines, but once that original engine along with some other original parts is gone.... it just looses the attraction, especially when you start listing the things that make an L-88 a rare collectible car distinct from all the other run-of-the mill 69 corvettes. They used the same frames, the vin is not distinctive, they just added on some high performance parts and deleted some options! :) So for my money, once you replace those things that made it an L-88 in the first place, I lose interest. I would rather spend $20 - 30k on a nice clone before I would spend $100k on that car. And if it took $150k to by a documented original, then that's where I would spend my money. MJ

Flareside

Hey Mark, my insurance company (Hagerty) just sent me a letter suggesting that the market for our cars has risen during the last year. They suggest that I increase my "agreed value" by $3500! The difference in premium would only be like $20. I wonder if they're right?

-Joe

PRNDL

Joe, that assessment is correct, but it only applies to original cars, not highly modified vehicles with built engines, 5 speed transmissions, you know, stuff like that! :D :D :D MJ

Flareside

Don't worry, I'm allergic to permanent mods. I'll keep all the original parts, I promise :blueangel:

You know your gonna want a ride... :lol::lol:

Rowdy Rat

MJ,

I've always had a real fascination for L-88s and have been looking at them in detail for years. Within the last five years or so, I've been looking to purchase one and have inspected a fair number with that in mind. Like you, I would love to find a completely original car (paint, interior, engine, etc.), but in all the time I have spent looking at these cars, I've personally seen five 1968-69 L-88s (1 '68 and 4 '69s) that fit that description... and none of these are for sale at the moment.

What do you do then?

You can wait for one of the above cars to come up for sale, although only one of the five has sold within the past five years so you might be in for a long wait. There are a lot more restored cars out there and if these are the only cars available for sale, your options are already narrowed down for you.

I've been dragging my feet though so you may be right... Subconsciously, I might be holding out for an original car. :)

Regards,

SBR

MJ, I can definitely relate with you on your position on originality but I really feel what is important is what was the car equipped when new not does it have the original air in the tires :lol: To give you an example just look at the 63 Grand Sport. I would venture to say that not one has its OM or body panels but are still worth over a milion dollars. Another example are the 67L88s. I believe that only 3 or 4 have the OM but a real one is worth 500K. While I agree with you an that original car is worth more , it is really difficult to tell if it is unless you have complete owner history and documentation.

ZD75blue

at 100k they start to turn into furniture, or display pieces... Tho i would drive it... if i could afford it, dont think i have 100k spare change laying around... gotta go check the couch. :jester