*89x2*
Well-known member
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&category=6168&item=4565088605&rd=1&sspagename=WDVW
H&H Chevrolet Co. - 1990 Chevrolet Corvette ZR1 
"buy it now" $41,998 - looks like a good deal from where I am sitting!
- Thread starter *89x2*
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- #3
*89x2*
Well-known member
yeah - but with Corvette Mike asking almost 60k for a nearly identical car, it is tough to find close to 20k difference in the two...
I believe that Callaways, right with Corvette Challenge cars will hit a certain level and not drop less...
The only thing that may make someone think one can be had for a song are cars like that 87 that was asking 19,xxx and will take 15k :eek
I believe that Callaways, right with Corvette Challenge cars will hit a certain level and not drop less...
The only thing that may make someone think one can be had for a song are cars like that 87 that was asking 19,xxx and will take 15k :eek
T
TurboLuigi
Guest
Its as simple as the business theory of supply and demand. If there are only 5 CR-1's on the market, one for $60K, the other with a Buy it price of $42K, given that they are in relatively the same shape I can't see why they wouldn't get $42K for it, as long as someone is in the market for a CR-1.
Now the problem I see here is that the CR-1's did not get the press coverage that the B2K's got (albeit most people looking for a ZR-1 *may* be familiar with the Callaway name and reputation), so the market for the CR1 will be smaller than the market for a B2K.
So that is where exporuse fits into the picture!... The more articles, websites, forums, etc that talk, educate, and promote the cars, the larger the market will be. Folks - we are part of this formula. Not only through this forum, but by participation in the COG, shows like Carlisle, Bloomington, NCM, etc. I think this group with the help of Callaway Cars has done an outstanding job in recent years. Lets keep it going!
-Luigi
:cool
Now the problem I see here is that the CR-1's did not get the press coverage that the B2K's got (albeit most people looking for a ZR-1 *may* be familiar with the Callaway name and reputation), so the market for the CR1 will be smaller than the market for a B2K.
So that is where exporuse fits into the picture!... The more articles, websites, forums, etc that talk, educate, and promote the cars, the larger the market will be. Folks - we are part of this formula. Not only through this forum, but by participation in the COG, shows like Carlisle, Bloomington, NCM, etc. I think this group with the help of Callaway Cars has done an outstanding job in recent years. Lets keep it going!
-Luigi
:cool
I don’t think mike will be selling that one anytime soon or at least not for that kind of price. The problem is there are many varieties of performance that you can now buy for $30K. The sledgehammer is a different animal. Look at what the other B2k’s brought at the most expensive auction they could be sold at, more buyers there then anywhere. People come from all over the world to buy and sell at BJAA. The CR-1 car now on eBay has been for sale since 2003. I would say @ the $40K price it will continue to be for sale. Luigi you are correct about supply and demand. If the seller does not really care about selling and can wait for the buyer sooner or later someone will think he has to have it. There is a buyer for every seat if you can wait. On the other hand if the seller needs to sell for what ever reason he will find out true value at that given time usually much less then the posted prices. I quit letting my feelings take charge of the pricing and that way if I want a change I will not take such a big hit when it is time to sell.
T
TurboLuigi
Guest
Unfortunately, the problem with the car on e-bay has been lack of exposure. Though its been for sale for a while it doesn't seem to have been promoted (or located) in the best of places for this market. Granted, the most dedicated fans of these cars know about it but then they are probably already invested.
I agree that the Corvette Mike car is out there in price.
And you are right, if you need a quick buck and want its full value, the last thing you want to sell is something like a CR-1. But one other thing to consider, few people buy a "collector car" for the power... as you would expect over time that there will be improvements in the mechanicals. I doubt that a 67 Corvette is faster that the CR-1 but they will generally sell for more than the CR-1.
Just my $0.02 worth...
-Luigi
:cool
I agree that the Corvette Mike car is out there in price.
And you are right, if you need a quick buck and want its full value, the last thing you want to sell is something like a CR-1. But one other thing to consider, few people buy a "collector car" for the power... as you would expect over time that there will be improvements in the mechanicals. I doubt that a 67 Corvette is faster that the CR-1 but they will generally sell for more than the CR-1.
Just my $0.02 worth...
-Luigi
:cool
- Thread starter
- #7
*89x2*
Well-known member
I don't think it is in the right place to be sold...
I respectfully disagree w/ the idea the car will not bring the $$$
The last CR-1 I know of that sold, went for lower 40's and was NICE!
There is another one offered privately for an asking price of $75k - if he gets it,great - he is in no rush to sell...
The CR-1's (and CL-1's too) are somewhat tough to guage for a price - maybe more than the B2K's because of the wide variety of options out there that one could have gotten when crafted :cool
The market has been holding about the same, price wise, for about the past 3-4 years after a smooth depeciation over the time from when they were new... WIll they go lower - the market has not shown it.
I do not think online auctions are exactly the best place to market a car like a Callaway either - a lot of tirekickers & dreamers will see it but who will buy???
I have never bought one off e-bay yet my last 4 cars came from online ad's - I am not alone in that way of doing business...
Ray (Sytech) put his 90 B2K on e-bay twice and it did not sell - he sold it for his price offline - I can appreciate that as an owner! Last thing I would want to see is the car(s) sell at low online auction prices and the market follow those very few examples :ugh
I am also looking at the price and how high it has climbed and am thinking WOW!!! $33,601 w/ 5 days to go! :eek ...high bidders name looks a bit familiar - hmm.... :ugh
Happy bidding -
I respectfully disagree w/ the idea the car will not bring the $$$
The last CR-1 I know of that sold, went for lower 40's and was NICE!
There is another one offered privately for an asking price of $75k - if he gets it,great - he is in no rush to sell...
The CR-1's (and CL-1's too) are somewhat tough to guage for a price - maybe more than the B2K's because of the wide variety of options out there that one could have gotten when crafted :cool
The market has been holding about the same, price wise, for about the past 3-4 years after a smooth depeciation over the time from when they were new... WIll they go lower - the market has not shown it.
I do not think online auctions are exactly the best place to market a car like a Callaway either - a lot of tirekickers & dreamers will see it but who will buy???
I have never bought one off e-bay yet my last 4 cars came from online ad's - I am not alone in that way of doing business...
Ray (Sytech) put his 90 B2K on e-bay twice and it did not sell - he sold it for his price offline - I can appreciate that as an owner! Last thing I would want to see is the car(s) sell at low online auction prices and the market follow those very few examples :ugh
I am also looking at the price and how high it has climbed and am thinking WOW!!! $33,601 w/ 5 days to go! :eek ...high bidders name looks a bit familiar - hmm.... :ugh
Happy bidding -
Aurora40
Well-known member
Well, it's a 1990 ZR-1 with 14k miles. If it's in good shape, that'd be roughly $25k there. Depending on what you feel the CR-1 package is worth would raise it from there. In general mods don't raise the value of a car very much. But this is a bit different. I'd think high $30's to low $40's is reasonable.
One thing about the CR/CL-1 is that you can still have it done. So it's hard to imagine the price climbing higher than the price of buying a used ZR/LT1 and having the package installed now. They were an aftermarket package from the start, not a factory option like the B2K.
Just my opinion. I think a SNAT LT5 would be pretty cool, though.
One thing about the CR/CL-1 is that you can still have it done. So it's hard to imagine the price climbing higher than the price of buying a used ZR/LT1 and having the package installed now. They were an aftermarket package from the start, not a factory option like the B2K.
Just my opinion. I think a SNAT LT5 would be pretty cool, though.
- Thread starter
- #9
*89x2*
Well-known member
Aurora40 said:
That is a good point Aurora :cool
Let's take your mentioned price of $25k for a gently used ZR1 from 1990 and "build" a Callaway...
Keep in mind, these are the past published prices for most of these parts (1998 catalog).
C7003 SNAT 475 engine - $13,350
C2002 AeroBody (ZR1) - $ 7,950
C2001LP Factory installation - $9,250
and full repaint
220.40.6310 COIL Suspension - $2,190
w/ FX3 susp.
Parts Total - $32,740
Plus the ZR1 - $25,000
-------------------------------
CR1 est. cost - $ 57,740
...with the optional exhaust and the rollbar, the CR1 at Corvette Mike's may be priced in line w/ the idea of "build your own, or buy ours - it is already done and w/ some history" :cool
There are a lot of variables - brakes, susp., exhaust, 475 vs. 490+ cars, interiors, etc.
Someone is going to get an awesome car!!!!
89X2 wasn’t it you that bought the black B2K that had the LPE motor in it? Didn’t it also come with the original motor and parts in the low $20’s? I think these cars are still out there for reasonable prices. You just cannot be in a hurry to buy. What’s the LPE motor worth?
T
TurboLuigi
Guest
Chris,
I hope I was not implying that either car was not going to bring their asking price. I do think that the Corvette Mike is out there... but then again as you point out, it can be justified.
The e-bay car is a good deal, but was pointing out that if its been selling for a few years (at the dealer in Nebraska), that perhaps it is not being marketed the right way. BTW, I like the wheels it wears
!
-Luigi
:cool
BTW... I came across this blurb from Hemmings - who knows if it will apply to these cars in 15 years...
No Ceiling in Sight For Mid-Year Corvette Prices
Mid-year Corvette prices are soaring. Will the bottom ever drop out?
Several weeks ago, we told you about some insane money paid for a trio of blue Corvettes from Pennsylvania with prices hovering around the $300,000 mark. Well, those are peanuts in contrast to two recent sales we recently heard about in the great state of Texas.
A Florida-based Mercedes-Benz dealer reportedly paid a Texas man an astounding $675,000 for a black 1967 Corvette convertible with very rare blue interior. This particular car is equipped with the 400hp 427 tri-carb engine which, while not as desirable as its solid-lifter equipped, 435hp brother, is more scarce. Just 2,101 Corvettes were built with this engine in 1967, while Chevy built 3,754 cars with the 435hp 427.
The other unbelievable sale was a more common 435hp black-on-black convertible that sold for more than $400,000. We were unable to confirm the exact price, but only 815 black Corvettes were built in St. Louis that model year, making it the rarest 1967 color.
We can only guess that the Mercedes business is pretty good right now as this car dealer spent more than $1 million for two cars. To heck with real estate, at least you can have fun with these!
Unfortunately, with prices like this, it is unlikely the cars will ever see daylight. Remember in the late 1980s, when 1967 vintage Corvettes with 435hp 427s reached $100,000? Many thought that was about as high as they might go. Ha!
- - By George Mattar
I hope I was not implying that either car was not going to bring their asking price. I do think that the Corvette Mike is out there... but then again as you point out, it can be justified.
The e-bay car is a good deal, but was pointing out that if its been selling for a few years (at the dealer in Nebraska), that perhaps it is not being marketed the right way. BTW, I like the wheels it wears
!-Luigi
:cool
BTW... I came across this blurb from Hemmings - who knows if it will apply to these cars in 15 years...
No Ceiling in Sight For Mid-Year Corvette Prices
Mid-year Corvette prices are soaring. Will the bottom ever drop out?
Several weeks ago, we told you about some insane money paid for a trio of blue Corvettes from Pennsylvania with prices hovering around the $300,000 mark. Well, those are peanuts in contrast to two recent sales we recently heard about in the great state of Texas.
A Florida-based Mercedes-Benz dealer reportedly paid a Texas man an astounding $675,000 for a black 1967 Corvette convertible with very rare blue interior. This particular car is equipped with the 400hp 427 tri-carb engine which, while not as desirable as its solid-lifter equipped, 435hp brother, is more scarce. Just 2,101 Corvettes were built with this engine in 1967, while Chevy built 3,754 cars with the 435hp 427.
The other unbelievable sale was a more common 435hp black-on-black convertible that sold for more than $400,000. We were unable to confirm the exact price, but only 815 black Corvettes were built in St. Louis that model year, making it the rarest 1967 color.
We can only guess that the Mercedes business is pretty good right now as this car dealer spent more than $1 million for two cars. To heck with real estate, at least you can have fun with these!
Unfortunately, with prices like this, it is unlikely the cars will ever see daylight. Remember in the late 1980s, when 1967 vintage Corvettes with 435hp 427s reached $100,000? Many thought that was about as high as they might go. Ha!
- - By George Mattar
T
TurboLuigi
Guest
It seems to me that he took advantage of a great deal to be had. Heck had I seen that for sale it might be sitting in my garage instead of his.
So Redman, did you ever buy a Callaway? or are you hoping they get cheaper? If its the latter, unless you run into someone in a real rut I don't see you in one.
-Luigi
:cool
So Redman, did you ever buy a Callaway? or are you hoping they get cheaper? If its the latter, unless you run into someone in a real rut I don't see you in one.
-Luigi
:cool
Redmanf1 said:
kruzmisl
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- 1989 B2K Callaway/ 1966 Corvette Coupe
The car that started this thread is a unique callaway, well done, that is in real market dollars in my opinion. Heck, if I was vetteless, I would not be for long!
kruzmisl
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Someday you will see a car like this go for BIG BUCKS and you will say, " I remember when I could have bought a car like that for 42k "
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Redman If you don't like the price of Callaways then don't bother looking at them . All you have been doing on this forum is negative for the valus of the cars. You sit hear and say that the cars are not worth the money people are asking. If you ever buy one we will see if you like it when someone ALWAYS knocks the cars pricing. Keep your NEGATIVE comments to yourself . I am not the only one who feels this way on the forum.How would you feel if I was always knocking your car knowing how much time and money you put into it and saying it was not worth the money .. You would not like it . Well just think how all the owners here feel EVERYTIME you come on here when a car is for sale and rip it up and down saying it is not worth the money. Buy a car then you can talk all you want about them till then...
Redmanf1 said:
Callaway4fun, I think I am entitled to my opinion as are you. I have not ripped on any forum member’s car and I do not need to buy one to talk about them. I have been on the selling end on the declining C4’s and C5. I just don’t let my emotions dictate the price that I will pay for a car. I have learned better. I do not get your quote on the comment to 89X2? All I basically was saying is that I thought that he got a decent deal and that they are still out there. He also has a motor to sell to offset the price of repairs. Do you have some problem with that? I will find one on my terms just as I have found other cars. Will it be the colors I want maybe not. I am not in a hurry and can wait. As for you saying I am always knocking or have negative attitude about pricing I think I have stated that some of the member’s cars here have been a decent value when for sale. Just because I do not live in fairy land like You and think that a price of $42K or $60K is not ridiculous does not mean everybody thinks the same. Is what you are saying is that if everybody does not agree with you they should refrain from posting there opinions or just if they do not own a car like yours?
Luigi, I have not bought one yet. I am kind of looking for an Aero Vert. I really like the look of your car and it is a different color. As far as prices I do not think they will get any cheaper or at least not much but I do not see them raising much for a few years.
Luigi, I have not bought one yet. I am kind of looking for an Aero Vert. I really like the look of your car and it is a different color. As far as prices I do not think they will get any cheaper or at least not much but I do not see them raising much for a few years.
callaway4fun said:
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Can't make it work right now but this is close to what I eventually want in a Areobody ZR-1 to go with Callaway and if was ready I think $$$ are in follow it up ballpark. Hope there is something like this when I'm ready or may have to wait to see what Callaway does with C-6 ZO6 
Ike
IkeAs for eBay I do not see anything wrong with it except the scum scammers. I have bought a lot of items including several vehicles, the pace car, BB convertible, Denali and a few more. I have also dealt with some very nice people that I still do business with. I like it and it is the biggest market place in the world. You do need to take as much precautions as possible. It is like most things a good place with a few trying to take advantage (rip people off).
T
TurboLuigi
Guest
Redman,
Thanks for the complement. With regards to valuations, Points Well Taken and there is nothing wrong with looking for and waiting for a good deal. As for the price of the Callaway's, barring people who might be in a tight spot, need fast cash, and/or have a need to get rid of them quickly, (or possibly don't realize what they have), I think that the Twin Turbo's have hit a bottom and thus the reason that I posted the thread on valuations.
Additionally, there are many other factors which come into play in a cars sale price including its popularity/desireability, mileage (and/or abuse), condition, options, etc. The Aerobody does significantly add value to any of these cars.
Now one thing about my personal philosphy on cars. I do not buy them as investments but as an asset to be used (that assumes depreciation) as there are many other better ways to make money. Given that, I drive and enjoy my cars. However, some cars like the GNX example that I quote on the valuation thread, have gained significantly in value after years of stagnation. I know because I also own a GNX and know what they went for when I bought mine.
I am implying that the B2K are poised to do the same given the exposure in recent times (not to mention that NADA prices for these cars are now higher).
-Luigi
:cool
Thanks for the complement. With regards to valuations, Points Well Taken and there is nothing wrong with looking for and waiting for a good deal. As for the price of the Callaway's, barring people who might be in a tight spot, need fast cash, and/or have a need to get rid of them quickly, (or possibly don't realize what they have), I think that the Twin Turbo's have hit a bottom and thus the reason that I posted the thread on valuations.
Additionally, there are many other factors which come into play in a cars sale price including its popularity/desireability, mileage (and/or abuse), condition, options, etc. The Aerobody does significantly add value to any of these cars.
Now one thing about my personal philosphy on cars. I do not buy them as investments but as an asset to be used (that assumes depreciation) as there are many other better ways to make money. Given that, I drive and enjoy my cars. However, some cars like the GNX example that I quote on the valuation thread, have gained significantly in value after years of stagnation. I know because I also own a GNX and know what they went for when I bought mine.
I am implying that the B2K are poised to do the same given the exposure in recent times (not to mention that NADA prices for these cars are now higher).
-Luigi
:cool
Aurora40
Well-known member
Right, so I'd think this would be about the absolute max the car would be worth. But you figure these things have endured time and miles as has the rest of the car. If you figure the ZR-1 itself was worth $59,000 when new, and is now worth $25,000, and then apply that same depreciation to the modifications, you'd get a price of about $38,870.*89x2* said:
Of course it all depends on whether you view the mods as holding their value more than the base ZR-1, whether you view them as just mods which typically do not hold value well at all, or whether these are mods you would want on the car (maybe you want the SN motor but not the body so much, or maybe you love the body, but not the COIL suspension so much) etc. Remember, this is not a B2K, the Callaway motor is not a GM option. It's all aftermarket.
I do know that if the car were red on red and sells for ~$35k, I'll be pretty freaking jealous...
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