Disturbing 1969 435HP Sale on Barrett Jackson

[Michael S.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

But pouring your Heart and Soul into a car with the final outcome being $20,000 upside down in it's value is unsettling.

Why is that unsettling?

All anyone on this board needs to do is go look in their driveway. Look at your daily driver. Given the affluence of most Corvette owners you probably have taken an easy $20K bath on your daily driver. You worked hard to earn the money to buy the car yet routinely accept HUGE depreciation on that same car.

In reality you should drive your "Old" Corvette everyday. At least the loss of value on the "old" Corvette will FAR LESS than the loss on your regular everyday driver car.

See, money really isn't all that important when it comes to having fun!

[Ned T.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

Ned,

A good friend of mine, bought a '69 LeMans blue L68 coupe, and re-furbished it last year. He has around 41K into it, and it does not have any paperwork whatsoever. It is however an original pad stamping. He has corrected everything that was wrong or missing. Apparently ordered with very few options. A very early car, something like vin 2554.

I dont mind ending up with 50K in mine when Im all done, even if Im not able to get it judged. I think it will be much better than what sold for 50K at Barrett Jackson from what Ive been reading. And as so well said above, we arent here to do this to turn a profit. Its a sense of accomplishment. I think its very satisfying.

[Michael B.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

John,

If it will make you feel better there are higher priced 69 435HP cars out there.

Try here, this one is in Monterey CA

http://www.mohrimports.com/view_inventory_details.php?car_id=20

[Edward S.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

If your buying a Corvette to do alot of work on it and then flip it to make a profit on it- you would be better off buying a quality car already done with good paperwork and sitting on it for awhile.. I was always told that Classic Cars are like playing the Market - you never suffer a loss until you sell something. I think one of the best things said on this subject was " in this economy who brings a real quality car to an auction that features no reserve ". If you do I have a bridge here in the New York area I would like you to take a look at.

[Clem Z.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

As I do personal property appraisals, including Corvettes, I normally use prior auction sales as a part of the equation to determine value. I have found that the Barrett Jackson prices are way out of line with the actual value of vehicles.

kiwi was there with rick did you see him on TV ? i did not watch so i did not see him.

[Keith L.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

There's a pride of accomplishment and a sense of being at one with your machine once you've turned every bolt on a car. It's an intimate union of man and Machine that words can not describe unless you've restored one.

John, you put in words exactly how I feel about restoring a car.

[Vincent F.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

I thought the 65 convert small block with original paint was a bargan for 55k

[Steven B.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

I believe it was John Henricy (correct me on the name if I'm wrong) the GM engineer head that gave a testimonial about the white 89 ZR-1, noting how he first dated his wife to be with it. That in itself had to add some to it's value, WoW!

Stu Fox

You are right---as usual

[Phil D.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

I look at the car hobby this way. Its better than say golf, or travel as a hobby. So I install a $500 part on my Corvette that adds $250 to its value. Had I spent the same $500 playing golf or on an airline ticket, I'd just be the full $500 in the hole. And there's really no sense of cars being an investment either, since if I ever sell my Corvette, I'll just buy another one. Its not like I'm planning to cover my living expenses in retirement by selling off my cars. Quite the contrary, more free time I hope will mean even more classic cars and more expense. Plus, by the time I need the money for a nursing home, there won't be any baby boomers left to buy my classics and gasoline will probably be $50/gallon making them impractical to actually drive. Corvettes are likely to be near worthless by the time I'm senile enough they take mine away from me anyway.

[Dick W.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

Clem, I saw Rick a couple of times, looked for Kiwi, but did not see him. I was working on an estate appraisal and just watched it on and off

[Stuart F.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

Phil;

Did you ever think about being buried in one of your Vettes? After all, if by then they have little resale value, might as well take them with you. The Chinese symbolically send cars and houses with their dead, as well as money and food, so why not. I'm considering it.

Stu Fox

[Michael S.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

Stu,

You could single handidly revive grave robbing. Someone may need Corvette parts in the future!

Corvette archeology, the new frontier!

[Stuart F.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

Well, I suppose we could get into how many plots it would take for an assembled Vette vs. parts in boxes, but I think it becomes a little morbid and is best dropped. Then there is the more than one Vette problem which gets into depth for multiple stacking and stuff like that - ya, let's not go there.

Stu Fox

[Clem Z.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

Phil;

Did you ever think about being buried in one of your Vettes? After all, if by then they have little resale value, might as well take them with you. The Chinese symbolically send cars and houses with their dead, as well as money and food, so why not. I'm considering it.

Stu Fox

a guy from irwin pa a member of our corvette club was buried in his C-4. the state stopped it after this happened. his wife was still a member till several years ago

[Clem Z.]

Re: Disturbing 1969 435HP Sale on Barrett Jackson

here is the story. http://74.125.47.132/search?q=cache:...lnk&cd=2&gl=us