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History / OriginalityGot a question about 1982-1992 Camaro or Firebird history? Have a question about original parts, options, RPO codes, when something was available, or how to document your car? Those questions, answers, and much more!
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 !!
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.
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 Z’s 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 -
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 !!
Ok mid 30’s 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.
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.
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
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
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
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!
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 !!
Yea that’s 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 “they do not stop the assembly line for a hose clamp. Nobody here touched your car”
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 ?
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 ?
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; Jan 6, 2019 at 09:06 PM.
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.
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?
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.
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; Jan 8, 2019 at 06:03 PM.
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.
