69 Z28 Sold for $112,000

[Charley Lillard]

The L89 Engine compartment

[T Billigen]

Hey! Mines going to look like that! Almost

[Zedder]

I have to admit, I've never seen a POP as "white" as the one from the L89 - at least the Corvette guys spill a little "tea" on their buildsheets to give them a nice "patina" before selling the cars

[JChlupsa]

Received this in an E-mail today and after re-reading it a few times I have to say it does make sense.--
<font color="brown">Post:

I have noticed that a few years ago, about 50% of the auction listings had a reserve, and about 50% had no reserve. If you notice this year, about 95% of the auction listings have no reserve. It is commonly believed that cars with no reserve usually attract more bidders and higher chance of selling.

I have also heard a "hearsay rumour" that car owners are offered a reasonable flat fee commission by auctions to sell/buy their car if they list their cars with no reserve. This allows the car owner and their representatives to bid, driving up bids knowing they will not have to pay the buyer+seller % commision if they land out as top bidder; as they only had a flat fee. If this "rumour" is true, it would explain why sales are occuring at triple the car's market value. It could be the owner and his representative bidding against each other getting the car up to unrealistic prices. In essence buying back their own car knowing they were only committed to pay the flat fee irregardless of how high the bid/sales price went up to. After the auctions, the car is re-marketed with the fact that it sold for $BIG DOLLARS$ at auction.

Nah! that can't be true, people would never do that??? </font>

[firstgenaddict]

If I am not mistaken that is a FEDERAL CRIME

[firstgenaddict]

Hey I have no objection to people paying whatever they want to pay for a car. Be it $1,000,000 for a 6 cyl .uh uh .I mean 9561 COPO Camaro. What I do have the objection to is the passing off of fake cars to people who belive that they are buying the Real Thing...I guess as always ...Buyer Beware. Maqybe if there was a Muscle car dealer who would give you 100% trade in allowance for anything he had as long as the car was in like condition... then you might feel better and believe that the guy was not faking cars.

[gemleeus]

i myself have entered this market for a muscle car. I just can't make up my mind which one to purchase, they all have their own special qualitys. i want an original car. what i learned in my research over the past few months is to educate yourself. study the various information resources out there so you don't get taken. muscle cars and fake muscle cars are big business.

[Chris396]

Hmm is this a repeat of the late 80's Ferrari market?

[John]

Welcome to the website....you can get alot of help here.
...You may want to fill out your profile ...thanks

[Jeff H]

Jeff, that's what happened last year with a lot of no reserve cars. They gave the owners the option to bid on their car in case the bidding didn't go high enough and all they had to do was pay a flat fee. I heard this last year, so this year they might have made it even easier. So all these cars that sold, how many really end up going to new owners?