topduarte

iTrader: (8)

Seriously considering bidding on this but the high rollers there will outbid me.

I am guessing $60k.

https://www.barrett-jackson.com/Arch...TWEIGHT-271434

Airwolfe

iTrader: (1)

What's up with the tailpipes?

modracer

What is going on with this statement at the bottom?

"**VIN NOTICE: DEPENDING ON THE STATE OF REGISTRATION OF THE BUYER, THE VEHICLE MAY REQUIRE AN INSPECTION AND BE SUBJECT TO A STATE-ISSUED VIN AND/OR OTHER REQUIREMENTS OF THAT STATE.**"

gt4373

A 20 Mile Car And The Tailpipes Look Like That

VIZ28

Looks like the exhaust pipe into the muffler got loose and the whole assembly rotated.

Another cool feature on this car though is no rear window defogger.

Airwolfe

iTrader: (1)

All their auctions have this disclaimer.

Che70velle

This one in my opinion should set a new benchmark of value on what the future of these cars will be. It’s got the right stuff, the right miles, and it’s at the right venue to go up into stratosphere money for a 3rd gen. We shall see.

BigBlock73

iTrader: (1)

The seats and door panels look different that my 1990 IROC.

ughmas

Beautiful and rare IROC for sure... curious to see what it goes for

Badfoot33

My brother was there Saturday and took some photos of it.

VIZ28

Did he get any pictures of the funky exhaust?

Airwolfe

iTrader: (1)

I'm guessing someone might have dropped the gas tank to clean it, replace fuel pump, hanger, sending unit and when they put the exhaust back on they didn't get it lined up right when they tightened up the clamps or didn't tighten the clamps tight enough and the tailpipes drooped down.

Manual mirrors & door locks, crank windows, no remote hatch release, fixed mast antenna, no cruise, no rear window defogger, and no AC because it's a 1LE. With it being a 1LE car with the JG1 aluminum driveshaft, aluminum caliper PBR 4 wheel disc brakes, and a 5 speed it should be about as light as could be for a 1990 IROC-Z. Seems like the only option is the radio.

My only nitpicks on the car is the tailpipes need adjusting, the loose wrinkled carpet on the driver side lower door panel, and the stainless steel buckle protectors on the seatbelt buckles that should not be there from the seatbelt button recall kit on 3rd gens with seatbelt buckles with an assembly date code after 120489 (April 12th 1989).

I love the color combo of Brilliant Red Metallic with Black interior.

TransamGTA350

iTrader: (2)

Agreed. Tank was probably dropped at some point, which is not uncommon with cars that sit and the fuel goes bad. The muffler/tailpipes are rotated downward at the midpipe-muffler connection. Should be an easy fix. Nice looking IROC. Should do well.

gt4373

You Would Think The Owner Would Have Had It Fixed Before Putting It Up for Auction

ksr

I wonder if the tailpipes were damaged during shipment.

When I got mine, I drove it for 2 years with the original 32-year old exhaust, which looked great. Then one day a pipe was sagging. My garage said that it was damaged. I never caused any damage, but I suspect that it was probably weakened during shipment. It arrived on a flatbed, and the angle when it was unloaded is very steep. It might have hit the ground then, and the car made a couple of trips on flatbeds, from original owner to the dealer that I bought it from, to me.

TransamGTA350

iTrader: (2)

It's possible something like this happened, or it rotated on the pipe connection, or something else. Nonetheless, if I were selling this car there's no way I would run it through the auction like that. Even someone who doesn't know these cars inside and out like we do here would look at that and think that something isn't right. Even if the exhaust is damaged, there is some NOS stuff still around. Not easy to find, but it's there if you look hard enough, talk to the right people and are willing to pay. For this car, it's worth paying to make it right for the amount of money it will likely bring. I'm very interested to see what this one does.

Double

Flying out there tomorrow night to help a buddy. Hopefully I can check it out before it rolls across the block.

scottmoyer

How do you figure this car will set the benchmark? How many cars are still out there with 20 miles on them? The only benchmark this will set is what someone is willing to pay for a 20 mile 1990 1LE. You can't use the sale price of this car to set a price for any other car as they can't compare.

TransamGTA350

iTrader: (2)

Benchmark may not be the right word, but this car could very well bring the most money yet for a 3rd gen.

I’m curious if the 305/5-speed is going to help or hurt the price. I would personally put a higher value on this combo over the 350/auto, but I don’t know if that holds true for the general market where maybe all that matters is if it has the big motor. We’ll know in a couple of days.

topduarte

iTrader: (8)

Plus only 3% of today's new cars are stick shift.

This one will either hit $60k plus or stall at about $40k.

It hurts that it is not in the Friday night/Saturday night prime slots.

KITT87

It’ll be interesting to see what it sells for, and how it’ll compare to this IROC convertible in terms of sale price, which is one of the highest I saw on a third gen. Granted, the convertible did sell on Barrett-Jackson, and we all know how that goes $$$.

topduarte

iTrader: (8)

Lol I guessed right. $60k plus 10% buyers fee for $66k.

Che70velle

I get what your saying, totally. But hear me out. 30 years ago, the 1st gen Camaro was about where the 3rd gen is today, in both popularity and value. There were low mileage examples out there bringing top dollar and that is what sparked interest in the hobby. Anytime you get a group of people with interest in a particular vehicle, the value will go up, which in turn drives pricing across the board up. By 2000, there were very few nice examples of first gens left…which made the value skyrocket because the hobby wanted more. As the cool factor (demand) continued to go up, the value of the baseline, high mileage, rusty, crusty, ugly first gens that were sitting in back yards, we’re all of a sudden worth real money.
This is exactly what’s happening right now with 3rd gens. The more value that the 20 mile examples bring, the more value that the backyard rusty, crusty 3rd gen will have, due to overall demand. These cars don’t have to say IROC on the door to be cool. It’s the styling of the 3rd gen that is bringing the values up. And as the aftermarket continues to develop both performance AND restoration parts, the values will continue to yet climb. No recession or economy can stop it. The 3rd gen will be the new first gen. I’ve said that before here, and it’s true.

battmann

iTrader: (9)

I don’t fully agree with this. First gens were only 67-69 while third gens had a 10 year run. A big factor of the first gens value is how many were made vs how many are left. Lower numbers help raised the value of all first gens. The same thing is happening to early 70s second gens now.
There were so many third gens made that I think you’ll always be able to find one. I just don’t see all of our third gens getting a bump in value just because some extremely rare, low mile ones sell for good money.
Also, how much did the seller even really make on this 20 mile car?? So you buy a new car in the 80s, never drive it, store it in a climate controlled garage, pay for registration / plates and put insurance on it yearly. Add all that up for 35+ years and did your really come out ahead on your investment???

QwkTrip

iTrader: (22)

Money would have been worth about $650K if it had been riding the S&P500.

Firechicken82

I'm sure at least that! These cars are terrible investments. Idk what mine went for new but it was $300 when I got it in 97 and my dumb *** put easily 30k into it since (and paint is starting next month!). Terrible investment as cool as the car is. I have a friend w a 69 Camaro he got for 5k in 94. We used to drive it all over and people would offer 10-15k for it in the late 90s-2000. The car sat in storage for the last 20 years and just came out. He had to dump 10k into it and he's still going. Again super cool car, terrible investment.

That said, when either car is out, it turns heads and they get tons of attention. It used to be only the 69 got attention. Now the 3rd gen's do also.

This 1le is super cool and hopefully (and unfortunately) will end up un-driven in a collection somewhere with a bunch of other really cool terrible investments!

VIZ28

Yes, these may be terrible investments.

Probably could have done better on the market for the 11 years I owned my '71 Z28 (2012 - 2023).
I certainly did better in the 6 years I owned my '81 Z28 (2017 - 2023) than had I invested my money.

Still own my '97 RS (1998 - 2007 & 2019 - present *yes, I bought it back and restored it) and '89 1LE (2023 - present), so I can't comment on them as far as investments go, but one thing I can tell you is you cant drive a stock certificate.

For me, it's more about the "smiles per gallon".
None of my Camaros have let me down in that regard.

Firechicken82

Totally, smiles per gallon is where it's at!

QwkTrip

iTrader: (22)

"Buy new and Park" is just a form of car hobby. A very unpopular hobby but a hobby nonetheless.

Didn't work too good in the ancient world because the horse would get old and die.

scottmoyer

I need to disagree with the statement made that the car doesn't need the IROC-Z sticker to have value. It seems that buyers want the IROC-Z. Watching the priccing of these cars for the past 20 years, the IROC-Z is the 3rd gen getting the $$. The more expensive Trans Ams and GTAs aren't getting IROC-Z money, and they were more expensive new.

Also, the 1st gen barely lasted 5 years before starting to rust, so good, rust free examples demanded a higher price after 30 years. I was looking at pristine examples in 1999 for $15k. Each year of the 1st gens had a different look and interior, giving it additional rarity. The 3rd gens didn't have that same option.

The 3rd gen IROC-Z and the GTA will continue to increase in value over time, but to what level? The instability of the markets and the desirability of owning these cars will come and go. The people buying these expensive versions now are those that wanted one in high school, remembered a friend/family member having one, and now they can afford to finally buy what they want.

Che70velle

I didn’t say that the cars don’t need the IROC sticker to have value. I said these cars don’t need the IROC sticker to be cool. The 3rd gen body style is what will draw people to them, as more and more guys/gals restomod them. My ‘92 will never get touched as it’s an original car that was parked in ‘97. Mom bought it new and kept it garaged. However a lot of these cars are getting modded, and that trend will continue to grow, as the wave gets bigger. There’s no denying that the 3rd gen is the hot ticket right now, and it’s only getting hotter. The purists will look for the IROCS or 1LE’s for a restoration car, but most will want to do a resto build with lowered stance, LS/LT power, brakes, etc, and won’t care if it’s a Z or an RS. The platform handles decent enough to be a great starting point to mod and make it really handle well. That’s the primary driving force behind the popularity of these cars…the availability of suspension components to make the cars better, as well as other performance stuff, and that will only get better as the bigger shops like Detroit Speed and SpeedTech get more involved with the cars. The first gen cars started in the exact same way, and performance parts fueled that fire. I’m excited about the third Gens future. It’s going to be fun to watch.

t/aws61985

iTrader: (2)

If you are gonna spend that kinda cash on a 1LE. It better be a R7U.