[Lightfoot]

Originally Posted by Simple Man

Still holding at $70,600.00

So, it apparently SOLD @ $70,600 on March 13th.

I had to look this thread up again after I saw a pair of '87 GNs cross the block at B/J Scottsdale earlier this week. Sequential VINs. They each had less than 900 miles and gavaled for $122,000 together.

https://www.barrett-jackson.com/Even...ATIONAL-221800
Not sure if the "Price: $67,100" refers to pre-auction, individual or both. Maybe the seller took less than he hoped at $61K each.

[mgarblik]

I guess that shows where the market is at present for these cars. I would expect them to hold for a few years and then fall slowly. My experience has been the "twins" type sales at BJ and other auctions don't do as well as selling the cars individually. It generates allot of buzz and gets TV time, but the cars don't do that well. Had a friend sell a pair of "His and Hers" Mustangs at BJ about 5-7 years ago. One a Boss 429 and the other a "Cammer". As a pair, he made a profit but much less than hoped for and much less than several top shelf Mustangs he has sold individually the year prior.

[Lightfoot]

The B/J 'Twinz' buyer definately got the best deal when you consider his Buicks were turn key, vs the ebay car that was in need of all the detailing and refreshing of fluids under the hood, etc... Think of what that would cost times two.
Then again, he had the $12,200 buyer's premium tacked on.

edit from my first post:
Now I just noticed that's where the $67,100 fits in. 61,000 each, plus 6,100 each for *buyer's commission = 67,100 per car
Still beats the $70,600 price on the original vehicle in question. And they had to pay ebay a premium, also.

[1965gp]

It was mentioned earlier that this was a terrible investment if bought new and I 100% agree. My goal is usually to find the opportunity - in case of my GN I paid $20k for a 1 owner car that I had known well since about 1995. I feel that I paid retail (at the time ....2 years ago) but felt confident that these cars would continue to go up in value. My target for that car would be for it to hit about $35k which I think is obtainable for a car with documentation back to mile 1. I still have two of the original tires off the car. It has 60k miles on it now (I think) but presents itself as if it had about 20k miles on it. I have no illusions of it ever being with $60-70k but I think I will make money if I am ever put in a position where I need to sell and that’s all I really expect.

[64speed]

Whatever happened to that 86 Iroc Z that was found in the tractor trailer all sealed up that still had the plastic on the seats and hadn’t even been dealer prepped?

[RocktimusPryme]

Originally Posted by 64speed

Whatever happened to that 86 Iroc Z that was found in the tractor trailer all sealed up that still had the plastic on the seats and hadn’t even been dealer prepped?

IDK if we are talking about the same one but I remember seeing a third gen that had been in like a literal bubble sell for a lot on Ebay in the early 2000s. At the time I owned a IROC and it was all on the third gen forums.

[mgarblik]

Originally Posted by 1965gp

It was mentioned earlier that this was a terrible investment if bought new and I 100% agree. My goal is usually to find the opportunity - in case of my GN I paid $20k for a 1 owner car that I had known well since about 1995. I feel that I paid retail (at the time ....2 years ago) but felt confident that these cars would continue to go up in value. My target for that car would be for it to hit about $35k which I think is obtainable for a car with documentation back to mile 1. I still have two of the original tires off the car. It has 60k miles on it now (I think) but presents itself as if it had about 20k miles on it. I have no illusions of it ever being with $60-70k but I think I will make money if I am ever put in a position where I need to sell and that’s all I really expect.

I think those are very realistic targets and make sense. With 60K on the car, I assume you get it out and have some fun with it from time to time and enjoy driving it. That has value. Your not going to retire off the profits and have no delusions of that. People who buy new production cars like a GN and really believe they will be worth a fortune in 30 years would do better in other forms of investments. There are a very few rare exceptions, like an AC Cobra, or a 63 split window Vette. But of the thousands of interesting cars built and sold, what are your chances? Most of these cars, even if never driven are lucky to keep pace with inflation not including the cost of storing and caring for the car for 30+ years. As mentioned several times above, from a pure investment standpoint, not a good one.

[Stuart]

Originally Posted by 64speed

Whatever happened to that 86 Iroc Z that was found in the tractor trailer all sealed up that still had the plastic on the seats and hadn’t even been dealer prepped?

A couple videos about that car:

From 10 years ago when it was first pulled out of the trailer: https://www.youtube.com/watch?v=qCK7N2SgJjE

From 3 years ago, it's in a Camaro collection outside of Nashville: https://www.youtube.com/watch?v=sy8lSv35iEQ

[red1975pacer]

How come nobody mentions the 99 30th trans Am/ with only 503? made in convertibles,? The value is close to what they were new, with low, low ,miles. I imagine they will become more valuable then they were new, just like the low mileage Grand Nationals did, when they surpassed the original sticker price of 16500 or so around 2010, at 23 years old

[mgarblik]

Again, I think you are looking at a similar situation. As much as I like those cars, they did make 503 of them as you mentioned. They have a high survival rate because they were expensive originally and many were purchased as "investments" new. So if you bought one new, carefully stored it, got no enjoyment whatsoever from it, and now 20 years later it's worth 50% more than you paid for it, was that a good investment? Better than buying a Gremlin new
and storing it 40 years I suppose. But a great retirement plan? Probably not. Now if you bought it new, drove and enjoyed it, took great care of it and 20 years later could sell it for a small profit, it may have been a decent "investment" based on the value you put into the enjoyment factor.

[1965gp]

I agree that the 30th anniversary is a good investment. I paid $12k for mine in excellent condition with NOS seat covers about 8 years ago. I think it’s probably worth $20k as it sits now. Only issue is I scratched the sail panel pulling it under a low lift which will be fixed.

Again, I think the key is to NOT buy them new and buy them when they are used cars.