Topic: Buyer Beware
in Forum: National U.S. & International Events
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Seems as though a 67 427/435 coupe sold at Barret-Jackson was not quite what most people thought it was. It sold for over $160,000.00! This is a copy of Geoffrey Coenen's (Dr. Rebuild) Corvette Forum post reporting on the interesting findings of this car.
Quote:
When I wrote how some maximize their auction potential in a Corvette with and without NCRS, I had no idea it would be demonstrated so clearly and so soon. http://www.ncrs.org/forum/tech.cgi/read/162644
After just a few days, my old friend Loren Lundberg would alert us to these 2 different descriptions of 1967 VIN 802 on the National Camel Rider Society tech board. Some old herders, keep a data base of these things. (I also must thank Loren for confirming my 68 was an L89 when he saw her in AZ decades before she was a fashionable old girl in a Yellow dress.)
Whoose yaa Daddy? VIN 802 from Nov-Dec 2003
http://216.149.148.95/dr-r-pics/67vin802.jpg
Whoose yaa Daddy? VIN 802 from Nov 2004-Jan 2005
http://www.barrett-jackson.com/auct...l.asp?id=179140
Geoffrey Coenen
PS Caveat Emptor
After just a few days, my old friend Loren Lundberg would alert us to these 2 different descriptions of 1967 VIN 802 on the National Camel Rider Society tech board. Some old herders, keep a data base of these things. (I also must thank Loren for confirming my 68 was an L89 when he saw her in AZ decades before she was a fashionable old girl in a Yellow dress.)
Whoose yaa Daddy? VIN 802 from Nov-Dec 2003
http://216.149.148.95/dr-r-pics/67vin802.jpg
Whoose yaa Daddy? VIN 802 from Nov 2004-Jan 2005
http://www.barrett-jackson.com/auct...l.asp?id=179140
Geoffrey Coenen
PS Caveat Emptor
End of Quote
Perhaps the buyer knew what he was buying, a numbers matching replica of sorts? My suggestion to anyone buying a seemingly rare car for big bucks, do your homework first. Not a bad deal for this seller. Buy a car for $23,000. Spend whatever it takes to find a numbers matching 427 and fix it up with new parts (maybe $50,000 tops?) Sell it for $163,000 and pocket nearly $100,000. 
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Frederick, MD - USA
Joined: 9/8/2003
Posts: 3398
Vette(s): 1969 convertible L71 427/435 4-speed black interior
I saw where a '68 427/435 Vette convertible sold at Barrett-Jackson for something like $76K. If someone offered me $76K for my '69 numbers matching 427/435 convertible they would own a car!
I wonder how many of those who shell out such big bucks at the B-J auction have second thoughts later.
I wonder how many of those who shell out such big bucks at the B-J auction have second thoughts later.
'm not sure I understand the greed of some people. Mine is an original 435 car. It had a totally wrong engine when I bought it ($7600 in 1989) I do have a tank sticker, put a correct 427 engine in and absolutely refuse to restamp the block. It's an accurate restoration, not a counterfeit. Big difference.If I ever sell the car, it will bring good money and I will sleep at night!
Lifetime MemberModerator
Duncanville, TX - USA
Joined: 11/8/2003
Posts: 20214
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
All too easy to scam people , today. There are more "Real" L-88 Corvettes out there now than GM ever produced. 
"There's a sucker born evey minute" 
I agree that it's OK to put a car back the way it was, as far as BB/SmBlk, but to take a smallblock car and install a bigblock, AND change all the #'s to make it seem legit, thas jest wrong!(IF it's being sold as 'factory original') Anyone buying a high-dollar item like that has to make sure it's what they want, and that they're OK to spend the $$$ on it. (My 2c) I can only dream of the day my car will be worth what I have in it now!! 
"There's a sucker born evey minute" I agree that it's OK to put a car back the way it was, as far as BB/SmBlk, but to take a smallblock car and install a bigblock, AND change all the #'s to make it seem legit, thas jest wrong!(IF it's being sold as 'factory original') Anyone buying a high-dollar item like that has to make sure it's what they want, and that they're OK to spend the $$$ on it. (My 2c) I can only dream of the day my car will be worth what I have in it now!! Joel Adams
C3VR Lifetime Member #56 
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"Money can't buy happiness -- but somehow it's more comforting to cry in a CORVETTE than in a Kia"
in Forum: National U.S. & International Events
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