Zl1 #4 $380,000

[Charley Lillard]

Plenty of good cars come to auction without being shopped before hand. Many times there are multiple wanting the same car and the easiest way is to send it to auction. I had not heard of # 4 being offered anywhere before this auction. I kinda also believe the prices are down across the board on ZL1's right now. Seems they are not the "Flavor of the Week". I have no clue if they will rebound. After a week at SEMA it seems the flavor of the week is old 70's-80's pickup trucks. Man there are a ton of them being fixed up. It's like they are the next 32 Ford or Camaro.

[427TJ]

Originally Posted by Charley Lillard

Plenty of good cars come to auction without being shopped before hand. Many times there are multiple wanting the same car and the easiest way is to send it to auction. I had not heard of # 4 being offered anywhere before this auction. I kinda also believe the prices are down across the board on ZL1's right now. Seems they are not the "Flavor of the Week". I have no clue if they will rebound. After a week at SEMA it seems the flavor of the week is old 70's-80's pickup trucks. Man there are a ton of them being fixed up. It's like they are the next 32 Ford or Camaro.

Probably pretty cheap, for now, to score an old truck and do it up. Then the money catches up and we're on to the next cheap nobody-thought-of-this-yet trend.

[EZ Nova]

Originally Posted by Charley Lillard

After a week at SEMA it seems the flavor of the week is old 70's-80's pickup trucks. Man there are a ton of them being fixed up. It's like they are the next 32 Ford or Camaro.

REALLY a lot of guys doing trucks now??? DAMN

See I run my moms cabinetry business. My father started it in 1990, brother ran it till 2012 when he passed. So I have come in from machining to do this. My brother bought a nice, top-of-the-line 2010 Ram 1500. It now has 285,000 KM on it and showing some rust here in SW ontario. So mom say, "maybe time to look at a new truck". Well couple of friends just got new trucks this year and there between 67-84,000.00 CND $$$.

Now it's not just the $$$, but this truck does have sentimental value to me. It was my late brothers. So I'm thinking of a '66 Chevy Sb (yr I was born) or 69-72 Chevy Sb, or 78/79 Lil Red Express. Use them as my "company" driver in the summer. Not sure about the USA, but here in Canada, I can put it in the company name and no matter what, in 5 years the car is worth ZERO $$$ to the government. So basically I can get a free car every 5 years which is also a way to get tax-free $$$ out of the company. I spoke to our accountant and he told me how it goes. My dad always had the company buy new cars for him and mom, and 3/4 years later he bought them and sold them privately. Mom Audi was the last one 2 years ago. It was just over 80K new and 4 years later, dad had to write the cheque for 10K, market value was in the 40's.

So I will keep the 2010 Ram, and look for a cool truck I like and let the company pay for it. I see it as a win-win.

[KENNY PASCOE]

Steve you made the best assessment regarding the market and the auction scene . A lot of great cars just get consigned without being shopped behind closed doors . It also can create a frenzy for that particular car or of course can come up short of the sellers expectations . Auctions are a great source for putting a buyer under the gun as being behind closed doors that feeling or pressure is not there . I am in this arena daily and i hear it on both sides ... KP

[Mr Yenko]

Oh yeah.. Just like one certain Gold Yenko that sold at auction for well below its value. I believe that person lost more then his shirt in that DEAL. Oh trust me there is so much interest for your car.. don't worry and BOOM where were all the bidders. You guys know as well as I that ALL the TOP SHELF cars do not sell at Auction. Again just my OPINION

[Steve Shauger]

Originally Posted by Mr Yenko

Oh yeah.. Just like one certain Gold Yenko that sold at auction for well below its value. I believe that person lost more then his shirt in that DEAL. Oh trust me there is so much interest for your car.. don't worry and BOOM where were all the bidders. You guys know as well as I that ALL the TOP SHELF cars do not sell at Auction. Again just my OPINION

Auctions are a gamble if it's no reserve period. No one is disputing cars sell privately, but certainly your assertion that auction cars are leftover is not accurate for many cars bought and sold at auctions. People bring them to auction because of the exposure they receive and the hope on capitalizing. If your car in a no reserve auction you roll the dice, and sometimes you win and sometimes you lose. A great deal depends on the venue and timing of the market. Owners should know going in what the risks are. Let's move on you made your point.