Without seeing the car its difficult to give a meaningful opinion of price / value but I agree that the price of 27K is very high.   Repaint to something different than born with will make a difference in value if you decide to sell it.

I keep up with Corvette pricing/market values pretty well. A nicely equipped  '73, Big Block, 4speed, convertible would bring around $21-$23,000 in today's market. Small blocks just don't bring the same amount without some extra options, like the Z07 suspension, A/C, power brakes/windows, etc.
Not saying it's not a nice car, since I've never seen it...it may be a really sweet car....it's just priced way over "market" value, even if it had not been recolored. Don't know where the seller's son is going on the net to get a price like that, but he's being misled/misinformed, imho.
If it was me(and it ain't), and the car was in great condition(other than the color change), with documentation, I think I would offer $20,000, and see what happens....
Pics would certainly be nice!


|UPDATED|8/22/2011 7:37:54 PM (AZT)|/UPDATED|

It all depends on if you are strickly looking at complete authenticity or you just want a good car. If the car seems right to you then get it (if it checks out). Price does seem high, though IMHO!

Be careful with the chassis, birdcage, steering and suspension - a lot can overcome you with a great paint job and makes problems underneath tend to hide from you...