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1989 IROC 344 original miles

Old 01-05-2019, 01:01 PM
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Re: 1989 IROC 344 original miles

Originally Posted by ray jr View Post
anyone know what it cost to do this whole barrett jackson experience ? just curious how much the seller actually makes selling it at the auction compared to something like ebay ..
Ray - BJ & Mecum auctions are EXPENSIVE !!! I had a long conversation about consigning my 92 Z vert with Mecum - it would have cost me about $3000 to sell it with a reserve
and hoping to get $21,000 for it.....and if I wanted it to run on what they consider a "premium day/time", it would cost up to another $1000 - it's nuts !!
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Old 01-05-2019, 01:11 PM
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Re: 1989 IROC 344 original miles

I understand the collector mindset as I've been involved for many years, but most cars have the availability to be one of less than 100 based on options. The 1LE, being a limited edition and has a limited production count does improve the value, but the low miles is what will drive up this car's value. Again, it won't be as high as the overhyped 1LE, but collectors also like to say that they have a brand new 30 year old car!

The 5 mile 1985 IROC-Z sold for $34k in 2014, an '88 IROC-Z vert with 1400 miles sold for $27,500 in 2016, a 305 with 320 miles sold in 2016 for $32k. These prices are two to four years old, so seeing the upper $30k's to possibly low $40k range is not out of line at a BJ auction full of collectors.

Usually, performance upgrades drive the price up. The '69 Camaros/Chevelles with the 427 engines, the Mustangs with the CJ 428/429 engines, the 426 Hemi in the Dodge/Plymouth cars, etc, are usually the highest priced cars due to limited production AND performance upgrades. Limited production numbers don't always drive higher prices. Consider the 1987 Camaro convertible that had only 263 produced. It's not worth very much, so limited production is not the ONLY driving factor in prices.
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Old 01-05-2019, 01:20 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
The comparison is ultra low miles. You would have to admit that many low mile 1LE cars are sitting in collections right now.

Now how many 89 IROC Zís like the one I am selling are in existence anyplace in the world with 344 or less original miles?

1-5? Less than 5? Perhaps only 1?

So the question is which cars got saved, more often and what is really more rare?
You'd think that's the way it should work, but my experience has not proven this to be correct.....I really hope you make a killing and it sells for $60,000
but I just dont see it (nothing against your car at all, I love it and agree it may be the only 1 with under 400 miles) - I think we should have some fun and have a pool where we submit our guess as to the hammer price,
the winner would get bragging rights here -
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Old 01-05-2019, 01:57 PM
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Re: 1989 IROC 344 original miles

Originally Posted by BizJetTech View Post
Ray - BJ & Mecum auctions are EXPENSIVE !!! I had a long conversation about consigning my 92 Z vert with Mecum - it would have cost me about $3000 to sell it with a reserve
and hoping to get $21,000 for it.....and if I wanted it to run on what they consider a "premium day/time", it would cost up to another $1000 - it's nuts !!
plus probably another 1000 to get it there
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Old 01-05-2019, 02:02 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Ok mid 30ís then... this brings me back to the 2016 event on a1990 car with 204 miles. Car was dirty and we are talking 2016 prices here. I thought... $27.000 is the number here I looked at all the value guides and considered bidding myself

I was only off by $23,000 on my guess LOL

Now it is 2019 and admittedly prices for the good cars have nearly doubled since.

https://www.barrett-jackson.com/Even...IROC-Z--189530
i remember that car .. i dont know about prices nearly doubling though .. that car lost 10,000 in 5 years at barrett jackson
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Old 01-05-2019, 02:43 PM
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Re: 1989 IROC 344 original miles

Yep it sold the first time for 59,000 in 2011 when it was the newest shiney object. It entered a collection was neglected a little and then sold again for 49,5 when it was old news.

In person Looking at the same metrics we use here in conjunction with the condition it looked like a $27,000 dollar car to me in 2016.

I have gone to Barret-Jackson since 1998. Things get crazy there quick especially when the offering is new and a first time sale.
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Old 01-05-2019, 03:40 PM
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Re: 1989 IROC 344 original miles

so this 85 mile 1le sold for 29,700 over a year ago .. after entry fee , hauling expense , and seller commission fee the seller probably walked away with 25,000 .. not sure all that hassle is worth it
https://www.barrett-jackson.com/Even...28-1LE--205866
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Old 01-05-2019, 04:24 PM
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Re: 1989 IROC 344 original miles

The fantasy money has and always will be at Scottsdale. Lots of deals at West Palm. I go there too.
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Old 01-05-2019, 04:45 PM
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Re: 1989 IROC 344 original miles

i hear ya scottsdale is the place .. 2 years before that black 1le sold in palm beach this 100 mile 5.7 1le sold at scottsdale for 25,300 and thats with the buyers commision ..
https://www.barrett-jackson.com/Even...ARO-Z28-180688
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Old 01-05-2019, 05:17 PM
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Re: 1989 IROC 344 original miles

Having bought/sold cars in several different BJ and Mecum auctions in different locations, IMO, the Mecum auction in Kissimmee, FL in January is the best auction
if you want to buy/sell a 3rd gen....that is if you want to pay the $$$ to sell it. Lately, I've had great luck with ebay and I'll stay with that before I shell out the $$$ to sell at auction again
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Old 01-05-2019, 05:26 PM
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Re: 1989 IROC 344 original miles

You mean the Mecum auction in Kissimmee going on RIGHT NOW? I was planning on going today, but other things came up. Someday, I'll get down there since it is only 45 minutes from me!
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Old 01-05-2019, 05:29 PM
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Re: 1989 IROC 344 original miles

Originally Posted by scottmoyer View Post
You mean the Mecum auction in Kissimmee going on RIGHT NOW? I was planning on going today, but other things came up. Someday, I'll get down there since it is only 45 minutes from me!
Yes sir, Dana Mecum is a friend from back in the days when I lived in WI
It's a great auction - you need to check it out, it's practically in your back yard !!
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Old 01-06-2019, 06:29 AM
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Re: 1989 IROC 344 original miles

For those of you attending I was informed yesterday that the car will be located in the main auction structure (tent) at location 7-B-12
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Old 01-06-2019, 10:01 AM
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Re: 1989 IROC 344 original miles

Awesome. I hope to skip out of work to watch it.

I see your only two iroc peers are at 16k and 1400 miles respectively:

https://www.barrett-jackson.com/Even...-IROC-Z-224656

https://www.barrett-jackson.com/Even...C-Z-1LE-226427

Meanwhile over at Mecum Iím seeing only a few unmolested low mile irocs:

24k miles
https://www.mecum.com/lots/FL0119-36...z-convertible/

16k miles
https://www.mecum.com/lots/FL0119-35...camaro-iroc-z/

6k miles
https://www.mecum.com/lots/FL0119-36...camaro-iroc-z/

Be interesting to document what these all (possibly) go for to establish a bit of a picture on Jan 2019 low mile pricing...
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Old 01-06-2019, 12:15 PM
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Re: 1989 IROC 344 original miles

Originally Posted by SirReveller View Post


Mecum is showing this one SOLD for $21450
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Old 01-06-2019, 01:05 PM
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Re: 1989 IROC 344 original miles

I’d put the over/under for CPC’s beauty at $35K.
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Old 01-06-2019, 01:13 PM
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Re: 1989 IROC 344 original miles

Ok! Mid Thirties then...
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Old 01-06-2019, 02:03 PM
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Re: 1989 IROC 344 original miles

Got a request for an under hood image. Car has never had any washer fluid in the bottle.
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Old 01-06-2019, 02:13 PM
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Re: 1989 IROC 344 original miles

Hey wait a minute.....I see a couple non-original hose clamps !!!
But that's about a close to a NEW 1989 as you'll get....
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Old 01-06-2019, 02:50 PM
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Re: 1989 IROC 344 original miles

Yea thatís what I thought when I pinned the owner down on that issue. He told me he asked the salesman about it in 1989 when he took delivery- He told me the salesman said ďthey do not stop the assembly line for a hose clamp. Nobody here touched your carĒ
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Old 01-06-2019, 03:01 PM
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Re: 1989 IROC 344 original miles

Those clamps are factory.


My black '89.





My white '89


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Old 01-06-2019, 04:13 PM
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Re: 1989 IROC 344 original miles

interesting.....must have been an 89 thing....my 91 & 92 have different hose clamps
Those look like the factory got them from the corner Napa store
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Old 01-06-2019, 05:02 PM
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Re: 1989 IROC 344 original miles

Originally Posted by BizJetTech View Post
Mecum is showing this one SOLD for $21450
the hammer down price was 19,500 and thats what the seller gets .. so after entry , seller fees and transportation fees what do you think the seller walked away with ?
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Old 01-06-2019, 06:14 PM
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Re: 1989 IROC 344 original miles

Originally Posted by ray jr View Post
the hammer down price was 19,500 and thats what the seller gets .. so after entry , seller fees and transportation fees what do you think the seller walked away with ?
around $14,000 is my guess
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Old 01-06-2019, 07:02 PM
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Re: 1989 IROC 344 original miles

You really have to hit a big number to make Mecum or BJ worth it.
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Old 01-06-2019, 07:10 PM
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Re: 1989 IROC 344 original miles

Holy cow - this 85 T/A with 16,000 miles only bid to $9000 ???

https://www.mecum.com/lots/FL0119-35...tiac-trans-am/

87 GTA with 10,000 miles at $19,000 was a no sale

https://www.mecum.com/lots/FL0119-36...-trans-am-gta/
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Old 01-06-2019, 07:36 PM
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Re: 1989 IROC 344 original miles

.....
  • Believed to be 16,628 miles....

The kiss of death for a vehicleís value. It either is original miles or not. Terminology matters.
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Old 01-06-2019, 07:41 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
.....
  • Believed to be 16,628 miles....
The kiss of death for a vehicle’s value. It either is original miles or not. Terminology matters.
That wording is a legal requirement at all Mecum auctions if the mileage is not on the title.
The only way you can list it in the ad as "actual miles" is if it's stated on the title - if it says "exempt"
in the mileage on the title (as many states do with older cars) then all you can state in the auction ad
is "believed to be xxxx miles"

Last edited by BizJetTech; 01-06-2019 at 09:06 PM.
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Old 01-06-2019, 07:58 PM
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Re: 1989 IROC 344 original miles

Yep clear benefits to having an Ohio title.
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Old 01-06-2019, 08:08 PM
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Re: 1989 IROC 344 original miles

Damn - those guys have a mint odo to “prove it” and end up getting hung up with that...
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Old 01-07-2019, 06:28 AM
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Re: 1989 IROC 344 original miles

Originally Posted by BizJetTech View Post
interesting.....must have been an 89 thing....my 91 & 92 have different hose clamps
Those look like the factory got them from the corner Napa store
Yup, the clamps changed around 90-91 to make install faster/easier. My 89s have worm type there, at heatercore, oil cooler, coolant diverter valve and a couple other places too.
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Old 01-07-2019, 04:21 PM
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Re: 1989 IROC 344 original miles

Barrett Jackson has an article out on the Camaro's at the auction:

https://azbigmedia.com/barrett-jacks...ry-generation/
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Old 01-08-2019, 11:33 AM
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Re: 1989 IROC 344 original miles

Looks like you've got some competition.....a black 1991 1LE with 88 miles....

https://www.hemmings.com/classifieds...o/2214872.html
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Old 01-08-2019, 12:55 PM
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Re: 1989 IROC 344 original miles

I just realized these puppies got an antennae despite nada radio...
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Old 01-08-2019, 01:39 PM
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Re: 1989 IROC 344 original miles

Yep I see that... I am standing by for Biz-Jet tech to tell us how he thinks the vehicle was stored- good or bad?

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Old 01-08-2019, 04:27 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Yep I see that... I am standing by for Biz-Jet tech to tell us how he thinks the vehicle was stored- good or bad?
other then reading the ad where they state it was stored in a climate-controlled facility, I see no clear indications in the few pictures they posted
that would help to prove otherwise. I cant say either way.....what are you thinking?
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Old 01-08-2019, 04:36 PM
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Re: 1989 IROC 344 original miles

Just having some fun with you after the beating you gave the IROC back on page 1. Seriously if you look at the engine compartment photo of the 91 it looks a bit on the neglected side.

like I said here earlier in the thread low mile 1le cars are not really very rare.
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Old 01-08-2019, 05:58 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Just having some fun with you after the beating you gave the IROC back on page 1. Seriously if you look at the engine compartment photo of the 91 it looks a bit on the neglected side.
like I said here earlier in the thread low mile 1le cars are not really very rare.
Sorry, my comments were not meant to be a "beating" on the car or you....
I agree, I think a lot of collectors bought 1LE cars and never drove them in hopes of big $$$ sales
in the future. Just not sure the selling prices have been up to their expectations ??

Last edited by BizJetTech; 01-08-2019 at 06:03 PM.
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Old 01-08-2019, 06:22 PM
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Re: 1989 IROC 344 original miles

Just messing with ya! What do you think of the carpet on the drivers side of the 91... Is that dirt or stains?
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Old 01-08-2019, 06:55 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Just messing with ya! What do you think of the carpet on the drivers side of the 91... Is that dirt or stains?
No idea, my guess would be dirt.
I know the guys at Restore-a-muscle car that are selling it.
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Old 01-09-2019, 09:33 AM
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Re: 1989 IROC 344 original miles

Doesn't this go across the block today?
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Old 01-09-2019, 09:37 AM
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Re: 1989 IROC 344 original miles

Next Wednesday!
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Old 01-09-2019, 10:05 AM
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Re: 1989 IROC 344 original miles

dang. was excited to see how it does today. There are quite a few 3rd gens and 4th gens going up today i think. some w/under 10k miles.
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Old 01-09-2019, 10:11 AM
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Re: 1989 IROC 344 original miles

Originally Posted by Wookiee View Post
dang. was excited to see how it does today. There are quite a few 3rd gens and 4th gens going up today i think. some w/under 10k miles.
You must be thinking of the Mecum auction that is currently running in Florida.
The BJ auction does not start until Jan 12th in Arizona
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Old 01-09-2019, 10:47 AM
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Re: 1989 IROC 344 original miles

Indeed. I was thinking of Mecums. Could be a decent indicator of interest in 3rd gens today though. Many of them are sub $15k cars tho.
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Old 01-09-2019, 09:09 PM
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Re: 1989 IROC 344 original miles

Originally Posted by SirReveller View Post
Awesome. I hope to skip out of work to watch it.

I see your only two iroc peers are at 16k and 1400 miles respectively:

https://www.barrett-jackson.com/Even...-IROC-Z-224656

https://www.barrett-jackson.com/Even...C-Z-1LE-226427

Meanwhile over at Mecum Iím seeing only a few unmolested low mile irocs:

24k miles
https://www.mecum.com/lots/FL0119-36...z-convertible/

16k miles
https://www.mecum.com/lots/FL0119-35...camaro-iroc-z/

6k miles
https://www.mecum.com/lots/FL0119-36...camaro-iroc-z/

Be interesting to document what these all (possibly) go for to establish a bit of a picture on Jan 2019 low mile pricing...
the 6,000 mile one sold for $14,500 and the 24,000 mile one sold for $12,000 ..
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Old 01-09-2019, 09:59 PM
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Re: 1989 IROC 344 original miles

Maybe January is a bad time to sell a thirdgen?

I think a lot of people think or thought that a specific car would appreciate in value. Imagine the guy that buys a brand new 85 Iroc, then just two years later GM offers a 5spd TPI, or the 5.7L. Keep it in the garage for 35 years, that 85 is still going to have a hard time competing with a more desirable 87. Just one example, there are many more.

I still don't see flipping these cars as really being financially sound or viable. There are no sure bets.
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Old 01-09-2019, 10:22 PM
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Re: 1989 IROC 344 original miles

https://www.mecum.com/lots/FL0119-35...et-camaro-z28/

This 1983 Z28 brought good money.....especially for a crossfire car. $15,400 and has just under 15k miles
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Old 01-09-2019, 10:42 PM
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Re: 1989 IROC 344 original miles

Originally Posted by dagwood View Post
https://www.mecum.com/lots/FL0119-35...et-camaro-z28/

This 1983 Z28 brought good money.....especially for a crossfire car. $15,400 and has just under 15k miles
Strong money for that car.
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Old 01-09-2019, 10:45 PM
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Posts: 7,803
Car: 1989 IROC-Z. Original owner
Engine: LB9. Dual Cats. Big Cam
Transmission: World Class T-5
Axle/Gears: BW 3.45
Re: 1989 IROC 344 original miles

Someone got a bargain on that '90 IROC 'vert for $12K.
chazman is offline  

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