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1989 IROC 344 original miles

Old 01-09-2019, 10:45 PM
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Re: 1989 IROC 344 original miles

Originally Posted by Drew View Post
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.
it wasnt very good for the third gens but others did pretty good .. the 87 grand national brought 40k today .. hell a 86 monte carlo with 38k miles brought 16,500 today
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Old 01-09-2019, 10:51 PM
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Re: 1989 IROC 344 original miles

Originally Posted by ray jr View Post
it wasnt very good for the third gens but others did pretty good .. the 87 grand national brought 40k today .. hell a 86 monte carlo with 38k miles brought 16,500 today
I wondered if selling the monte right behind the gn helped it bring more......Kinda the next thing to a gn, and super nice car selling directly after another g body that brought $40 grand. I dunno....I was just trying to justify why else a monte ss brought so much
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Old 01-09-2019, 10:53 PM
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Re: 1989 IROC 344 original miles

Originally Posted by chazman View Post
Someone got a bargain on that '90 IROC 'vert for $12K.
Are the gold wheels right for a gray interior/red stripe car??
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Old 01-09-2019, 10:57 PM
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Re: 1989 IROC 344 original miles

Originally Posted by dagwood View Post
Are the gold wheels right for a gray interior/red stripe car??

Not sure, seems odd.
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Old 01-09-2019, 10:57 PM
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Re: 1989 IROC 344 original miles

Originally Posted by dagwood View Post
I wondered if selling the monte right behind the gn helped it bring more......Kinda the next thing to a gn, and super nice car selling directly after another g body that brought $40 grand. I dunno....I was just trying to justify why else a monte ss brought so much
not my kinda car but the monte ss has been bringing some good money for some reason .. a few sold last year around 20k at the mecum auctions
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Old 01-09-2019, 11:07 PM
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Re: 1989 IROC 344 original miles

Originally Posted by dagwood View Post
Are the gold wheels right for a gray interior/red stripe car??
i dont think the gold wheels came on that car .. they could of been stolen in the last 30 years or at some point the owner liked the gold better .. still a very clean iroc conv. that you could get in and drive and not worry to much for 12k
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Old 01-10-2019, 06:23 PM
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Re: 1989 IROC 344 original miles

No gold available for a red car with red/black stripes and grey interior.
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Old 01-12-2019, 07:18 AM
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Re: 1989 IROC 344 original miles

It appears that Barrett is doing a fairly decent job of promoting the car:

https://corvettemike.com/barrett-jac...ry-generation/

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Old 01-12-2019, 09:09 AM
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Re: 1989 IROC 344 original miles

Very curious on this one. I just found out that a neighbor has a blue '89 5.7 w/ t-tops with 1400 miles sitting in HER garage. She's in her mid 60's and has basically adopted my wife as her daughter. They have become best friends. I thought about making her an offer but I don't think she would sell. She "jokingly" said she would leave it to my wife. Funny side story. She collected concert tee shirts back in the day and just gave a bunch to my wife. GNR, Aerosmith, ACDC, Def Leppard, Metallica etc. Cool to see an older woman who would've been mid 30's at the time, who bought a new IROC while attending all of these concerts, living down the road from me and no one in the area knows whats in the garage.
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Old 01-12-2019, 09:55 AM
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Re: 1989 IROC 344 original miles

Originally Posted by GN1295 View Post
Very curious on this one. I just found out that a neighbor has a blue '89 5.7 w/ t-tops with 1400 miles sitting in HER garage. She's in her mid 60's and has basically adopted my wife as her daughter. They have become best friends. I thought about making her an offer but I don't think she would sell. She "jokingly" said she would leave it to my wife. Funny side story. She collected concert tee shirts back in the day and just gave a bunch to my wife. GNR, Aerosmith, ACDC, Def Leppard, Metallica etc. Cool to see an older woman who would've been mid 30's at the time, who bought a new IROC while attending all of these concerts, living down the road from me and no one in the area knows whats in the garage.
AWESOME!
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Old 01-12-2019, 09:56 AM
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Re: 1989 IROC 344 original miles

WOW!!
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Old 01-13-2019, 08:15 PM
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Re: 1989 IROC 344 original miles

My meeting on Jan 16 got canceled. I want to go see this car live at the auction, anyone in AZ this week want to meetup and had over to the auction together on Jan 16th Wednesday?

Phil, I am going to PM you my info, Brian
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Old 01-13-2019, 09:57 PM
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Re: 1989 IROC 344 original miles

Yet another variation of the press release a few of the Camaros have changed on this one:

https://www.tprm.com/barrett-jackson...ry-generation/
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Old 01-14-2019, 06:11 PM
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Re: 1989 IROC 344 original miles

2500 original mile turbo 1989 Trans-Am pace car just hammered for $34.5
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Old 01-14-2019, 06:14 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
2500 original mile turbo 1989 Trans-Am pace car just hammered for $34.5
Man, I would have expected much higher for a 2500 mile TTA, unless it needed some work
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Old 01-14-2019, 06:18 PM
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Re: 1989 IROC 344 original miles

TTAs seem to have leveled off in price.
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Old 01-14-2019, 06:29 PM
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Re: 1989 IROC 344 original miles

Trucks are strong-8000 mile 1990 SS 454 just hammered for $30K

Last edited by CPC Norwood; 01-14-2019 at 07:02 PM. Reason: added the year of vehicle
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Old 01-14-2019, 06:34 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Trucks are strong-8000 mile SS 454 just hammered for $30K
It's nuts what stuff is selling for out there - a 4000 mile 2003 Toyota MR2 sells for $20,000......HUH??
Then you see a 8000 mile 2001 Cobra sell for 14,000......WTF ??
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Old 01-14-2019, 06:50 PM
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Re: 1989 IROC 344 original miles

'80's and '90's Japanese stuff is hot right now.
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Old 01-14-2019, 07:27 PM
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Re: 1989 IROC 344 original miles


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Old 01-15-2019, 06:16 AM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Trucks are strong-8000 mile 1990 SS 454 just hammered for $30K
Almost bought one brand new. Guess I should have.
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Old 01-15-2019, 11:08 AM
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Re: 1989 IROC 344 original miles

Originally Posted by BizJetTech View Post
Man, I would have expected much higher for a 2500 mile TTA, unless it needed some work
15 years ago i thought the TTA was going to bring huge money in the future .. for a minute there it was on its way up and bringing more money than the gn's .. now not even close
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Old 01-15-2019, 11:21 AM
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Re: 1989 IROC 344 original miles

Originally Posted by ray jr View Post
15 years ago i thought the TTA was going to bring huge money in the future .. for a minute there it was on its way up and bringing more money than the gn's .. now not even close
Yeah, you'd think. a TTA is a far better performance car than a GN.
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Old 01-15-2019, 02:21 PM
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Re: 1989 IROC 344 original miles

The TTA is superior in performance to the GN. Problem is the TTA looks boring. It's just a white GTA. GNs are a dramatic departure visually from a regular Regal or T-Type. Also, G-body prices are going through the roof right now. From what I can tell low mileage original versions have surpassed the value of similar condition F-bodies it appears. Who would have guessed that? Again, the performance of a 5.7L GTA or IROC is VASTLY superior to any Monte SS, H/O, 442, yet they bring the cash anyway it seems.
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Old 01-15-2019, 03:29 PM
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Re: 1989 IROC 344 original miles

It's simply impossible to predict what will be hot, and worse, WHEN.

Ages ago, I bought my '64 Galaxie500XL from the original owner. 39,000 miles. All original. I lost count of how many people told me I really shouldn't be driving it, it was so nice, it was bound to be worth a fortune one day, and they'd generally point to the then (1980's) hot values being seen on Mustangs and certain Thunderbirds.
I kept that car for nearly 20 years, and drove the wheels off of it, but the car was NEVER particularly valuable, even though what people were saying at the time made sense, and seemed likely to be the way values on the cars would go.

Even now, a nice '64 500XL goes for around 20K or so, unless it's one of the 427 cars, or has incredibly low mileage.

Buying a standard production car as an investment is a risky proposition, and there's simply no way to know in advance whether values will rise or fall.

Keep in mind, just allowing for inflation, the buying power of an $8000.00 car bought in 1982 is the equivalent of $20,817.00 in 2018 dollars...

So while 20K SOUNDS impressive at auction, just allowing for inflation alone accounts for nearly $13K of the current purchase price of that 8K car in 1982, and in this example, the car hasn't actually appreciated in value at all....
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Old 01-15-2019, 05:13 PM
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Re: 1989 IROC 344 original miles

TTAs, way to many nice ones, low demand and low prospective buyers.

GNs not as many nice originals left as most were beat on and modified to beat the band. Many more people had these and are now looking for a nice one..

Last edited by TTOP350; 01-15-2019 at 05:43 PM.
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Old 01-16-2019, 12:08 AM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Next Wednesday!
good luck today !! hope your car does well and i think it should ..
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Old 01-16-2019, 04:07 AM
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Re: 1989 IROC 344 original miles

Thanks... You are all right...you just never know. Lot 198.1 crossed the block on national TV last night at late supper time and got killed. On paper this is a great car. 2002 Camaro Z28/SS 35th ANNV vert with 389 original miles, and the Hagerty value guide says this particular car is worth about $3000 more than my IROC. SO:

The problem was that the only people left chasing the car as bidders were the bargain hunters or dealers with the car hanging with no reserve. A dealer likely got this car. Seller is looking for a cliff to jump off about now I think.

sold for $25,000


National TV on Tuesday is not always a good thing.
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Old 01-16-2019, 07:21 AM
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Re: 1989 IROC 344 original miles

Well anyone who thinks they are going to get any money out of ANY 4th gen is barking up the wrong tree. They are neither old enough nor new enough to be appreciating in value yet. Not helping is that car was probably $34k new, which was arguably too high in the first place.
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Old 01-16-2019, 07:45 AM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Thanks... You are all right...you just never know. Lot 198.1 crossed the block on national TV last night at late supper time and got killed. On paper this is a great car. 2002 Camaro Z28/SS 35th ANNV vert with 389 original miles, and the Hagerty value guide says this particular car is worth about $3000 more than my IROC. SO:

The problem was that the only people left chasing the car as bidders were the bargain hunters or dealers with the car hanging with no reserve. A dealer likely got this car. Seller is looking for a cliff to jump off about now I think.

sold for $25,000


National TV on Tuesday is not always a good thing.
More proof that selling your car at a NO RESERVE auction is like rolling the dice at the craps table.......or playing Russian Roulette
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Old 01-16-2019, 09:33 AM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
2500 original mile turbo 1989 Trans-Am pace car just hammered for $34.5
Originally Posted by BizJetTech View Post
Man, I would have expected much higher for a 2500 mile TTA, unless it needed some work
Originally Posted by chazman View Post
TTAs seem to have leveled off in price.

I was shocked that it sold for less than the 87 Regal Limited (lot 167). It had 55,000 miles and lighty modded!
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Old 01-16-2019, 11:10 AM
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Re: 1989 IROC 344 original miles

that 87 regal limited with 55,000 miles brought almost 40k with the wrong rims and didnt even look that clean .. thats insane !! doesnt matter what day or time it is at barrett jackson if you have a car that is in demand .. alot of the bidders are not there and have been through the all the cars and know which cars there going to bid on before the auction even starts ..
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Old 01-16-2019, 02:30 PM
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Re: 1989 IROC 344 original miles

about what time will this car be crossing the block?
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Old 01-16-2019, 02:38 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Thanks... You are all right...you just never know. Lot 198.1 crossed the block on national TV last night at late supper time and got killed. On paper this is a great car. 2002 Camaro Z28/SS 35th ANNV vert with 389 original miles, and the Hagerty value guide says this particular car is worth about $3000 more than my IROC. SO:

The problem was that the only people left chasing the car as bidders were the bargain hunters or dealers with the car hanging with no reserve. A dealer likely got this car. Seller is looking for a cliff to jump off about now I think.

sold for $25,000


National TV on Tuesday is not always a good thing.
$25K is a decent number for a 4th gen, even a low miler.
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Old 01-16-2019, 02:40 PM
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Re: 1989 IROC 344 original miles

Originally Posted by sircrunch1986 View Post
about what time will this car be crossing the block?
in about 15-20 minutes
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Old 01-16-2019, 02:59 PM
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Re: 1989 IROC 344 original miles

Wow only $34,000.
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Old 01-16-2019, 03:03 PM
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Re: 1989 IROC 344 original miles

seems like an off day in general. some cars that went before it did not fetch near what i would have thought they would (i am by no means an expert).
Having said that i think $34k is a good fetch, no? I mean sure, we were pulling for more, but i think that went well IMO.

There's a 1LE 3rd gen going up today too w/like 1400 miles or so.
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Old 01-16-2019, 03:04 PM
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Re: 1989 IROC 344 original miles

congrats on the sale, interesting car! great one.
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Old 01-16-2019, 04:15 PM
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Re: 1989 IROC 344 original miles

Originally Posted by BizJetTech View Post
Thanks for the update - I will be very interested to see what it goes for, IMO somewhere around $36K....but who knows?....I'm certain it will sell
and I'm sure you will do very well - GLWS !!
Originally Posted by George Klass View Post
Wow only $34,000.
Well, nailed it......congrats on the sale, any idea where it's headed to??
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Old 01-16-2019, 04:29 PM
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Re: 1989 IROC 344 original miles

I spoke to a bidder after the sale. He was pissed and swore they short hammered the car. I was not at the auction yet so I cannot confirm.. he told me he wanted to go 40, but talk is cheap after you loose!
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Old 01-16-2019, 04:44 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
I spoke to a bidder after the sale. He was pissed and swore they short hammered the car. I was not at the auction yet so I cannot confirm.. he told me he wanted to go 40, but talk is cheap after you loose!

So it sold?
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Old 01-16-2019, 05:06 PM
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Re: 1989 IROC 344 original miles

We had 7 guys here in the office watching the auction. It was definitely short hammered.
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Old 01-16-2019, 08:37 PM
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Re: 1989 IROC 344 original miles

congrats on the sale .. i was hoping for you to clear 30k when it was all said and done .. thats good money for a third gen
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Old 01-16-2019, 09:22 PM
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Re: 1989 IROC 344 original miles

Site says $37,400

https://www.barrett-jackson.com/Even...OC-Z/28-224975.

I am also told that they ran the lot out of sequence meaning early to the block. Can anyone confirm if the car was ran out of sequence?

Car ran across before I even got there.
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Old 01-16-2019, 09:24 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Site says $37,400

https://www.barrett-jackson.com/Even...OC-Z/28-224975.

I am also told that they ran the lot out of sequence meaning early to the block. Can anyone confirm if the car was ran out of sequence?

Car ran across before I even got there.
sold for 34k .. thats with buyers commission of 3400 which goes to barrett jackson
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Old 01-16-2019, 09:28 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Site says $37,400
So did it meet your expectations? Sounds like it sold for a reasonable/fair price. Couldn't imagine a thirdgen selling for much more.
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Old 01-16-2019, 09:33 PM
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Re: 1989 IROC 344 original miles

Originally Posted by Drew View Post
So did it meet your expectations? Sounds like it sold for a reasonable/fair price. Couldn't imagine a thirdgen selling for much more.
i think 34k is strong for a non 1le iroc .. i honestly thought it would hammer down for mid 30's .. im sure the seller is happy
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Old 01-17-2019, 12:17 AM
  #248  
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Join Date: May 2004
Location: CA
Posts: 1,243
Car: 1991 Camaro B4C
Engine: 305
Transmission: T-5
Axle/Gears: 3.42
Re: 1989 IROC 344 original miles

I was surprised it went for that much given a few of the closeup photos from auction attendees that surfaced on a facebook IROC page, but I'm glad to see all things thirdgen gaining in value. Well sold!
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Old 01-17-2019, 12:30 AM
  #249  
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Join Date: Nov 2003
Location: Somewhere
Posts: 1,520
Car: 88 IROC
Engine: 305 TPI
Transmission: 700R4
Axle/Gears: 10 bolt 3.73
Re: 1989 IROC 344 original miles

The car was run early. When I got to the auction it had already run through and I missed it also. I did see the 90 1LE sell for 49,000.
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Old 01-17-2019, 06:16 AM
  #250  
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Join Date: Jun 2011
Location: Ohio
Posts: 574
Re: 1989 IROC 344 original miles

This has been a great experiment.

A disgruntled bidder alleging the car was short hammered

The car ran 100% early through the auction

And finally the fact that the car is under coated.

ok so I went to the block last night to address the concerns:

From Barrett-Jackson:

“Tthese guys on this forum do not understand how an auction works. The bidder knows he is going to pay the premium when he bids and takes the final hammer price in to account when he bids.. Therefore the car sold for the price listed on our official tabulation.”

On the short hammer talk:

”Unless there is aggressive bidding once a car reaches 100% of its value we will drop the hammer. We have 1800 cars to sell and we are here to bring value to both the buyer and the seller- that’s how we stay in business”

Then I was asked what the Hagerty #1Value was for the car? “ $33,000”. “there you go we sold the car well above it’s determined world best valuation”
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