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L88, does anybody know this car? Were there some flaws, or was it bogus, 240 and very lackluster bidding raises a question in my mind.
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Steve, that L88 while advertised to have its OM did not have its original stamp. The bidding was real and TM was on the car at 230K My take on the auction is that the market is becoming more selective and educated and will not open a blank checkbook for a car with issues. While I cannot speak for the e bodied mopars which seemed to down 50% vs last year I can speak for the 67 435 models and the L88 Corvettes. Prices for the 67s were down 20% vs last year but there was not one 435 car that I saw that had its original motor so while prices to the casual observer seem to be lower I believe that it is a reflection of the quality of cars that were present. I know of several recent sales of great 435s and three 69Lss that sold for huge$$$ so I believe that great cars are still selling for big money and will always bring big money. Also I think if the folks at BJ keep raising their commission rates and offer no reserve only auctions that the quality of their consignments will continue to plummett. IMHO
Steve,
People probably are more discriminating these days. I suppose there are exceptions to every rule because I remember when this thing was a pile of parts with only a few being original. Does it have even one major component today that it was born with? It is, I believe, the only L88 known to be delivered with power windows.
http://www.autoblog.com/2007/01/21/2...-l88-corvette/
Regards,
Mark