Lot of Corvettes now being offered For Sale at this time

[Larry E.]

I kinda always look at the market on what is being offered as far as Corvettes go. C2's in
particular. Between Mershon's,Pro Team and Vintage Vettes there are about 50 now for sale.
Don't usually see that high of number. Comments? Thanks>Larry

[Philip A.]

Re: Lot of Corvettes now being offered For Sale at this time

Economy/personal finances good, people buy toys. Economy/personal finances not good (COVID19), people sell toys.

[Ed S.]

Re: Lot of Corvettes now being offered For Sale at this time

Actually, it may be the other way around - a sellers market - that is the case in the housing industry. Existing home sales are off the charts in numbers of sales and price increases. Same with "home renovations".... try to find a contractor that is not booked up. People have money to burn because they haven't been doing the usual things, traveling, going out a lot.... to expensive activities like restaurants and sporting events. Then again.... it may be a combination of both sets of circumstances.

[Pancho T.]

Re: Lot of Corvettes now being offered For Sale at this time

This maybe a case of people with more time on their hands shopping on the internet. I do pre purchase inspections on Corvettes. Last year I performed 27 inspections. This year so far I have done 44 inspections. To add to that I have turned down a dozen more because there are places that I just am not comfortable traveling to right now. One observation is that several of the buyers are first time Corvette buyers. The other interesting observation is that many of the buyers have been between the ages of 32 to 50. Most are looking to buy C2s. Another observation is the prices are up for what I call nice drivers.

[Larry E.]

Re: Lot of Corvettes now being offered For Sale at this time

Prices where way down on the current Mecum Kansas City Auction going on now. Of the 20 C2's for sale a whopping
17 went to the "Bid Goes On". Some examples of the bids>

64 Conv. 42K SB
67 Conv. 57K SB
67 Conv. 50K SB
63 & 66 Conv. 55K SB

I know w/o an on-site inspection prices vary a lot. They ALL can not be very bad. Larry

[Kenneth B.]

Re: Lot of Corvettes now being offered For Sale at this time

The more things change the more they stay the same. For as long as I have been playing with Corvettes since the late 70'S nice cars bring good money & a 3 though 7 parts Corvette will not. like almost any collectable quality pieces will always retain there value. I always tell people to buy the best you can afford.

[Alan D.]

Re: Lot of Corvettes now being offered For Sale at this time

My opinion (know what they say about that) is that the C2 prices have been off for four years now. Hope we are not seeing a market like the Model T's due to few left as buyers. However, I do see more interest in the C3's! Just a thought not based upon anything.

[Michael M.]

Re: Lot of Corvettes now being offered For Sale at this time

Try to find a legit 1969 Z28 for under $80,00. I have been trying for two years. I came close a lot of times, but usually find something wrong when I ask for pictures of stamped and dated components.

[Bryan H.]

Re: Lot of Corvettes now being offered For Sale at this time

I initially posted my 1965 AC L79 Top Flight for Coupe in the beginning of the year. I received nothing but bottom feeders. Didn't really need to sell it but I think this epidemic has put a damper on a lot of things....

[Brad Hillhouse (37766)]

Re: Lot of Corvettes now being offered For Sale at this time

Larry - I went to Mecum KC on Friday looking for NCRS Top Flight cars I could feature on our NCRS facebook page. Sadly, out of 45+ cars, I could find only one car advertised with NCRS validation and it was an older second flight. Cars on TV always look great, in person, there was not a lot of quality to choose from. I think the pricing reflected current market values. Good cars are bringing strong money. Average cars are sitting.

Brad Hillhouse


Screenshot_20201122-141225_Gallery.jpg

Screenshot_20201122-141237_Gallery.jpg

[Gary C.]

Re: Lot of Corvettes now being offered For Sale at this time

Brad,

FWIW, once upon a time NCRS approached Mecum about a NCRS arrangement similar to B-J. He replied; "not interested, it's the new owner's problem and that's what I pay the lawyers for".

Gary
....

[Michael J.]

Re: Lot of Corvettes now being offered For Sale at this time

Larry - I went to Mecum KC on Friday looking for NCRS Top Flight cars I could feature on our NCRS facebook page. Sadly, out of 45+ cars, I could find only one car advertised with NCRS validation and it was an older second flight. Cars on TV always look great, in person, there was not a lot of quality to choose from. I think the pricing reflected current market values. Good cars are bringing strong money. Average cars are sitting.

Brad Hillhouse


[ATTACH=CONFIG]102541[/ATTACH]

[ATTACH=CONFIG]102542[/ATTACH]

Those are my thoughts too Brad.

[Wayne H.]

Re: Lot of Corvettes now being offered For Sale at this time

I like entering my Corvettes in car shows, and judged Corvette shows, but with the cancellation of all shows makes me think about selling.
Maybe others feel the same way, maybe that's why some are selling.

[Brad Hillhouse (37766)]

Re: Lot of Corvettes now being offered For Sale at this time

Gary

Its interesting that you bring that topic up. I was talking with a long time Mecum auction staff and when he saw my NCRS shirt he instantly introduced himself as a long time (low 4 digit) NCRS member. We had a nice conversation and he commented that it was too bad that only one auction in Arizona has a NCRS relationship. I said that was far above my pay grade and couldn't comment one way or another and tried to drop the subject. He continued that it was his understanding that it was our organization that did not want to pursue a relationship with the Mecum family, I again deflected to another topic. He may have been talking out of his posterior, or maybe things have changed and it may be an opportunity to reopen a door?


Brad Hillhouse

[Bill M.]

Re: Lot of Corvettes now being offered For Sale at this time

Why not just drive the cars and enjoy them. They are not art to be hung on a wall. Had my 2 mid years out this weekend. i love the look on peoples faces when they see me drive by. Go for a ride on the interstate half of the cars that pass you will be waving at you.