LeonardS

Search the 87 IROC on BAT. It was bid to $60,000 on day one. What will it sell for?

https://bringatrailer.com/listing/19...-28-iroc-z-43/

BizJetTech

iTrader: (3)

Yep, collector car prices have gone into the INSANE catagory - I predict it will go over $100K

LeonardS

I was thinking $75K-$80K, but there have been some crazy prices. It will be a record sale for a Thirdgen.

dmccain

iTrader: (2)

Wow, a fool and his $....

topduarte

iTrader: (8)

I am saying $65k

BizJetTech

iTrader: (3)

would you care to make a friendly wager on that ??

Big&BadGTA

iTrader: (1)

It's a brand new car. What a score for someone, at any price. You can't build a new one, so this is close as it gets. And nice options.

ironwill

I tend to agree with ^^^^this.



I'm always the skeptic in the crowd concerning the actual, real-world condition of any of these super-low-mileage cars that occasionally come up for sale; after all, it's a 35-year-old car. It's common knowledge (or at least it should be) that a vehicle that is not regularly driven will deteriorate anyway, regardless of mileage. Gaskets, seals, any rubber or plastic parts, belts, hoses, tires, etc., are all subject to aging. The block/cylinder head coolant passages are subject to rust/corrosion, as are all the brake components, radiator, and the fuel tank.

I'd be curious to see the maintenance records of such a vehicle; has it had all it's fluids---including fuel--- replaced on a regular schedule? Who has been taking care of this vehicle? When was the last time this car was actually driven? I understand that a potential buyer of such a vehicle isn't likely to plan to use it as a 'daily driver,' but I guess it's my practical nature that doesn't allow me to see spending that kind of $$$ on a car that gets shoved into a garage and the door closed behind it permanently.

That said, to the seller, GLWS, and to any potential new owner, GL with your purchase.

chazman

iTrader: (4)

The nicest one I've seen on BaT.

BizJetTech

iTrader: (3)

LeonardS

And now it’s $61,000

QwkTrip

iTrader: (22)

The guy that bid $60K just sighed a big relief. Boy, that was a close call! Whew! Wiping sweat beads off his forehead.

BizJetTech

iTrader: (3)

DynoDave43

iTrader: (11)

I was thinking it might be YOU BizJetTech!

topduarte

iTrader: (8)

Sure

BizJetTech

iTrader: (3)

Too funny Dave .....but I assure you, it's not me

QwkTrip

iTrader: (22)

No, it's not. It is 36 years old.
You can't drive it.
You can't use it.
You kind of got to go into hiding for fear of theft.
All you can do is look at it.

It's pretty much just a statue now. You can go through the whole thing with a mini restoration and get it road ready again but that defeats the whole purpose.

LeonardS

$61,500

Neil350

iTrader: (1)

You have to stop looking at it with the eyes of the average enthusiast because it will never make sense. What you're seeing is the automotive equivalent of big money trophy hunting. Do you think people fly half way around the world because an antelope taste's that good? No, they want the mount for their wall to show off. Where as most of us want to enjoy a car, with these auto trophy hunters, they're simply looking to add the cleanest low mile example to a collection to say they have it. The ultimate prize for most these guys is one that has very little miles and still on the MSO and PDI. Other wise these ultra low mile cars are the ones they want for their collection. Typically nothing over 1K miles. The MSO and PDI condition cars, typically come from people who owned dealers and had it in their private family collection. They could care less about driving it as they typically have new stuff they do drive that probably is a lot nicer than a third gen IROC. For them it's just I like the car, I want the nicest example just to say I have it. Same applies to a lot of hobbies.

scottmoyer

I want a chance to detail this car! It's soooooo close to perfect.

chazman

iTrader: (4)

Next bid will break the record for a 3rd gen.

QwkTrip

iTrader: (22)

Apparently you've never seen the prices of salvage cars at David T's in Canada.

chazman

iTrader: (4)

Haha! Yes I have!

LeonardS

$62,000

BizJetTech

iTrader: (3)

IMO, it's going to shoot way up in the last few hours of the auction

tom3

Wow! Link: https://bringatrailer.com/listing/19...-28-iroc-z-43/

And a five speed manual.

chazman

iTrader: (4)

At $62K

BizJetTech

iTrader: (3)

when are you going to submit that $75K bid?

chazman

iTrader: (4)

Never. LOL!

chazman

iTrader: (4)

$67.5K plus fees. New record.

And it's a stick......just sayin'.

BizJetTech

iTrader: (3)

And here we go again....

https://bringatrailer.com/listing/19...-iroc-z-coupe/

tom3

And $6000 for options on that 90 IROC. Near 50% increase on the base IROC with a 305 and 5 speed manual and a good list of standard equipment. Pretty awesome car for sure!

QwkTrip

iTrader: (22)

Doesn't it seem at all fishy that an early bid is stratospheric and then it hardly goes anywhere after that? Who made that huge early bid and why?

DIGGLER

iTrader: (1)

the collector car market is similar to the housing market with manufactured "values". its a great big business using venues and broadcasting.. There is a bunch of guys looking to invest in something to make money, and they have created a market where you can buy something and know it will be worth more than you paid for it in a couple months. (The last owner paid XX for it, so now 2 years later it must be worth XXX) They don't care for the cars, they care about the investment. it also would not surprise me a bit if many of the cars you see at auction are actually somewhat of an inside job. anyways, third gens can be bought fairly cheap now and will be inflated the same way as everything else im sure.

another dumb thing imo- why would you pay $120k for example a 70 challenger with hellcat drivetrain and interior out of a newer one, when you can just buy a brand new one for half as much and still be a much better car than the pieced together "pro touring" car? because there is a perceived value in the old one, and the thought that it will continue to climb in value. Has parts from a new car in it, but ooooh its an old one woooow. lol the pro touring guys have ruined half of the original classics at this point trying to convert them into a new car. its like buying a 1940's Wurlitzer juke box and converting it to Bluetooth..
.

skinny z

Yep.

ray jr

iTrader: (2)

i know its not a stick car but i like this one better then the 87 that just sold .. the 88-90 just look better in my opinion ..

tom3

A lot of those restomods were just base machines that might have been pretty well preserved but have no real collector value. Put some upgrades, new drivetrain that's in demand, hit the details just right, serious money to be made. I sure like that 90 IROC though. Question, is there a reserve price on these BAT cars? Early high bid might be common for a shill bid just under reserve. Just like Mecum auctions when you really look close at some of the bidding.

chazman

iTrader: (4)

I love them all, but those are my favorites as well. Plus, you can get this.

BizJetTech

iTrader: (3)

Man, that is minty mint

QwkTrip

iTrader: (22)

You know it, It's the same answer every time: Because people feel cool in the old car, and they don't feel cool in the new car.

Old cars suck but old cars converted to pro-touring are meant to drive.



Okay, now that we've stopped laughing, you gotta admit that's the message sold to everybody watching TV. Truth is old cars suck to drive -- PERIOD. But they are cool. And an old car with big performance.... way cool. And it will put a stupid grin on your face to drive one. But there is much more hardship and expense to upkeep a car like that compared to stock. That's why a lot of people don't have staying power, can't endure the hardships of ownership, or don't put miles on them. It's a lot of work and it's expensive!

Putting a car away in a garage forever is mindless easy compared to keeping a car nice that's driven. Somebody earlier said something about "average people" won't understand the collector passion to own something. I say the "average person" that drives their car and keeps it in tip top shape is far above average. This forum is filled with above average people.

tom3

I'd agree with that for sure. My 88 just turned over 200k miles and I'd drive it cross country if needed.

86blackiroc

iTrader: (12)

Awesome color combo!

scottmoyer

I can't believe this 1990 that is getting big $$ already. We'll see where it goes, but remember that these are all cars with no miles on them. As was mentioned, they've been tucked away and will now set the bar for our cars with no miles, but will increase the value for all. There are still plenty of driver capable cars at affordable pricing. Looking at BaT pricing has me questioning if the majority of the buyers are investors and not enthusiasts. I know I've seen Leonard, Charlie and others post on BaT, but we're not the investors. I see cars up there selling for way more than they should. A 1997 Toyota Supra is currently at $11k. There's also an Integra R at $55k. Seriously???

tom3

Some of these early Japanese performance cars do bring serious money. Especially true for the real early Honda special cars. Again, collectors and investors who care less about the actual cars I'm guessing.

LeonardS

I appreciate you and Charlie offering knowledge on these Thirdgen auctions. Some of the comments and questions seem really odd, but then I remember that not everyone follows the Thirdgen world. I don’t have near the knowledge of you guys, but I continue to learn every time you guys make a post.

tom3

I do notice on the 90 those strut tower mounts are fully adjusted inward which is somewhat of a head scratcher to me. The car is very well presented though.

JT

iTrader: (1)

I have been watching myself with the same thought. You will find a group on certain cars that are frequently tagging each other saying how the bids on the car is too low. They claim they enjoy the cars, and perhaps some do, but they certainly are acting like a cheerleader when they believe the car is going to be sold too cheap. What purpose does it serve the real enthusiasts to drive up the bids? Or are they investors trying to drive up the market for their own benefit?

BizJetTech

iTrader: (3)

I agree, I think many of these guys run in the same circle and stoke the fire on BaT......IMO, many are just investors, not true enthisiasts.
I feel many buyers on BaT overpay which drives up prices overall

chazman

iTrader: (4)

I've noticed that some of the same players seem to bid on the higher priced cars.

skinny z

Museums, private collectors, folks with too much money, don't care about the cost. I'd say it's a fair comment that they're after the possession. Then it sits inside, in a warehouse or showroom for them to polish once in a while. More accurately, they get their people to do that chore.
And from what I've seen, they're rarely, if ever driven.
The really high end guys, like those that can afford to purchase and maintain a Porsche 917K, will drag it out for Goodwood or Monterey. (It probably costs as much to get that Porsche to Goodwood as it does to buy the subject of this thread...just saying).
I doubt the humble 3rd Gen Camaro falls into that elite category. But still, you have to have the bucks.
Now Leno is an exception...