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5/4/14 9:50am - Original Message: '$130K C3'
dbarnesid
Former Member
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Boise, ID - USA

Vette(s):
1972 mille miglia red corvette convertible. This is a car currently under restoration. The pic above is of me and my Ph.D. candidate daughter. She, not my Vette, is my pride and joy. Smile...

Joined: 5/29/2013
Posts: 159
So... A 1972 Mille Miglia Red Convertible (NCRS 97 points) recently sold for $130K. Wow... It was one of only 57 made with factory air. Thus the high price. It also had tilt steering, optional hard top, shoulder belts, and AM/FM radio. Well guess what. I have a 1972 Mille Miglia Red convertible with factory air, tilt steering, am/fm, shoulder belts, AND a red interior. As near as I can tell there were only 7 made in this configuration. Unfortunately, the prior owner did her no favors. It was a barn car. He even removed the AC(under the hood). I have done tons of work on this rare girl. She is now a good driver that will get better after I have the ball joints/control arm bushings replaced as well as new brake calipers. I feel guilty about not doing a full NCRS restoration. What say you guys? At the same time I have one of only seven. Maybe the only surviving car like this. Wow again.

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5/4/14 10:36am - Reply: 'Re: $130K C3'
dads2vette Lifetime Member
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Ash Fork, AZ - USA

Vette(s):
1981 Red Interior White exterior

Joined: 4/18/2007
Posts: 1038
Do what makes you happy! A NCRS restoration is not going to be cheap. That's one of the reasons those cars that undergo that type of restoration go for those high prices.

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Dave C..........My mantra: I can not be bought!!      Long and short term leases available.
In the words of Zora Arkus-Duntov "Is your seat belt fastened? Alright, Let's go"


Yeah, I know, Shut up Dave.
Lifetime Member #192


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5/4/14 11:22am - Reply: 'Re: $130K C3'
johnu
Standard Member
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Eagan, MN - USA

Vette(s):
1981 Corvette Two-Tone Claret color, 4 spd, C7 Vert

Joined: 5/23/2007
Posts: 507
I love the talking heads on the auction shows.  When a car goes for cheap (relatively speaking) they claim "He paid for the restoration and got the car for free".
 
Do what makes you happy.


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      Only 23 years together
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5/4/14 12:02pm - Reply: 'Re: $130K C3'
dads2vette Lifetime Member
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Ash Fork, AZ - USA

Vette(s):
1981 Red Interior White exterior

Joined: 4/18/2007
Posts: 1038
Oh, I forgot to mention. I know what would make you happy. Selling the car cheap to me...see, there's already a smile on your face!

____________________________________
Dave C..........My mantra: I can not be bought!!      Long and short term leases available.
In the words of Zora Arkus-Duntov "Is your seat belt fastened? Alright, Let's go"


Yeah, I know, Shut up Dave.
Lifetime Member #192


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5/4/14 12:06pm - Reply: 'Re: $130K C3'
F4Gary Gold Member
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Grapevine, TX - USA

Vette(s):
1972 LT-1 convertible with factory air.

Joined: 8/26/2006
Posts: 869
That was an LT-1 convertible with air.  I emailed that guy after seeing his ad.  He said it was 1 of 5 red LT-1 a/c verts.  So I asked him how he came to that number and he gave me the ratios.  An estimated 57 LT-1 a/c convertibles were made, so breaking down the color percentages, that comes out to 5 red ones.  He said since mine was white, it is one of 6.  Estimated of course.

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5/4/14 12:49pm - Reply: 'Re: $130K C3'
dyoes
Former Member
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Zachary, LA - USA

Vette(s):
1974 L-48 Auto. Just your basic Vette. GM crate motor w/vortec heads and intake. Crane cam. Scorpion rockers, Edelbrock carb. Lots of parts still in boxes... :(

Joined: 1/27/2013
Posts: 201
I can't imagine how much a 97 point restoration would cost.  You might have a $130K car when you're done, but it may cost you $130K to get there as well.  But what the heck do I know?  I bought a $10K car, and am putting $20K into it to make it worth $15K.  I must suck at math.

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"Let them that don't want none have memories of not gettin' any."
- Brother Dave Gardner

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5/4/14 2:24pm - Reply: 'Re: $130K C3'
eldredjames Lifetime Member
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Temple City, CA - USA

Vette(s):
1969 Daytona Yellow. 350 / Automatic.

Joined: 10/3/2010
Posts: 361
My philosophy is to keep mine safely on the road with no showing modifications.  Unfortunately they are both garage queens at the moment, the vette needing brakes and the other needing an electrolock cable.

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5/4/14 2:59pm - Reply: 'Re: $130K C3'
dbarnesid
Former Member
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Boise, ID - USA

Vette(s):
1972 mille miglia red corvette convertible. This is a car currently under restoration. The pic above is of me and my Ph.D. candidate daughter. She, not my Vette, is my pride and joy. Smile...

Joined: 5/29/2013
Posts: 159
eldredjames said: My philosophy is to keep mine safely on the road with no showing modifications.  Unfortunately they are both garage queens at the moment, the vette needing brakes and the other needing an electrolock cable.



This is my philosophy too...more or less. I'm putting Moog ball joints on her. If someone wants riveted joints later on it won't cost much. I nearly swapped my calipers for some that came off a later model. I decided to rebuild the originals instead. Why not? I like working on her anyway. When it comes time to re-install the AC I will have a tougher choice. Put in modern stuff or rebuilt Frigidaire? I don't know. One thing for sure. The old girl drives great and she gets lots of attention.

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5/5/14 7:58am - Reply: 'Re: $130K C3'
dbarnesid
Former Member
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Boise, ID - USA

Vette(s):
1972 mille miglia red corvette convertible. This is a car currently under restoration. The pic above is of me and my Ph.D. candidate daughter. She, not my Vette, is my pride and joy. Smile...

Joined: 5/29/2013
Posts: 159
dyoes said: I can't imagine how much a 97 point restoration would cost.  You might have a $130K car when you're done, but it may cost you $130K to get there as well.  But what the heck do I know?  I bought a $10K car, and am putting $20K into it to make it worth $15K.  I must suck at math.



In the end, it's all about the fun and the pride of walking up to a great looking C3 and saying "wow...that's mine!"

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5/5/14 11:44am - Reply: 'Re: $130K C3'
Adams' Apple Lifetime Member
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Duncanville, TX - USA

Vette(s):
#1-1974 L-48 4spd Cp Med Red Metallic/Black deluxe int w/AC/tilt/tele./p/w-p/b/ Am-Fm/map light National/Regional/Chapter NCRS "Top Flight" #2-1985 Bright Red/Carmine Cp.L-98/auto Member: NCRS, NCRS Texas, Corvette Legends of Texas

Joined: 11/8/2003
Posts: 19457
An LT-1 air car is rare to begin with....add in the convertible, and the price goes up exponentially. Rare, or low production numbers don't automatically mean worth a lotto cash, but in this case, it kinda does. It's a high performance engine combo in a convertible. You want rare, but not particularly valuable? How 'bout the ONE, yes ONE, chartreuse '77 built, hmmm? Only one of it's kind produced, but not ed-zachary valuable.
Factory '72 LT-1/air cars will always be valuable, due to the low number produced, and the use of A/C on a HP engine....'72 was the only year A/C was available with the LT-1. Mix in color combos that were popular, and then add the convertible, the price keeps going up. Even a crappy LT-1/air car is worth some moola.....Thumbs Up


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Joel Adams
C3VR Lifetime Member #56    
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             NCRS

"Money can't buy happiness -- but somehow it's more comforting to cry in a CORVETTE than in a Kia"
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5/5/14 12:48pm - Reply: 'Re: $130K C3'
johnu
Standard Member
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Eagan, MN - USA

Vette(s):
1981 Corvette Two-Tone Claret color, 4 spd, C7 Vert

Joined: 5/23/2007
Posts: 507
dbarnesid said:


This is my philosophy too...more or less. I'm putting Moog ball joints on her. If someone wants riveted joints later on it won't cost much.

I've never had a neighbor ask if my were riveted or even if my engine numbers matched.

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      Only 23 years together
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5/5/14 2:19pm - Reply: 'Re: $130K C3'
F4Gary Gold Member
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Grapevine, TX - USA

Vette(s):
1972 LT-1 convertible with factory air.

Joined: 8/26/2006
Posts: 869
This one has been on the market for a about 3 years now.  Started out at $130k I think.

http://www.usedcorvettesforsale.com/1972-Museum-Collector-Quality-Vette--58876

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5/5/14 2:37pm - Reply: 'Re: $130K C3'
Adams' Apple Lifetime Member
Lifetime Member
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Duncanville, TX - USA

Vette(s):
#1-1974 L-48 4spd Cp Med Red Metallic/Black deluxe int w/AC/tilt/tele./p/w-p/b/ Am-Fm/map light National/Regional/Chapter NCRS "Top Flight" #2-1985 Bright Red/Carmine Cp.L-98/auto Member: NCRS, NCRS Texas, Corvette Legends of Texas

Joined: 11/8/2003
Posts: 19457
I can see why that one hasn't sold....the lower bolt for the AIR pump isn't painted, as it should be. That's a deal killer for me.....LOL

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Joel Adams
C3VR Lifetime Member #56    
My Link


(click for Texas-sized view!)
             NCRS

"Money can't buy happiness -- but somehow it's more comforting to cry in a CORVETTE than in a Kia"
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