1989 IROC 344 original miles
#201
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.
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.
#202
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Re: 1989 IROC 344 original miles
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
#205
Re: 1989 IROC 344 original miles
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
#206
Re: 1989 IROC 344 original miles
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
#208
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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/
https://corvettemike.com/barrett-jac...ry-generation/
#209
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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.
#210
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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.
#212
Supreme Member
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
Phil, I am going to PM you my info, Brian
#213
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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/
https://www.tprm.com/barrett-jackson...ry-generation/
#216
#217
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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
#219
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Car: 1989 IROC-Z. Original owner
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Re: 1989 IROC 344 original miles
'80's and '90's Japanese stuff is hot right now.
#222
Re: 1989 IROC 344 original miles
#224
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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.
#225
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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....
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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Car: 1989-92 FORMULA350 305 92 Hawkclone
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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..
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.
#228
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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.
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.
#229
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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.
#230
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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.
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.
#231
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Re: 1989 IROC 344 original miles
I was shocked that it sold for less than the 87 Regal Limited (lot 167). It had 55,000 miles and lighty modded!
#232
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 ..
#234
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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
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.
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.
#237
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.
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.
#240
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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!
#244
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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.
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.
#245
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.
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.
#247
Re: 1989 IROC 344 original miles
#248
Supreme Member
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!
#249
Supreme Member
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.
#250
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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”
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”