Author Topic: EO Z28 at Mecum Kissimmee 2016  (Read 16121 times)

ds1

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Re: EO Z28 at Mecum Kissimmee 2016
« Reply #90 on: May 24, 2016, 12:45:14 AM »
Sorry, but the scrutiny comes from the current owners greed.   The color does not make it worth $100,000 to $125,000 more than other REAL 1969 Z28's.   They made 20,302, that is not a small rare number.   I bought a 68 Z28 to be different, it is not worth as much, but it is not like all the rest.   We have a 65 GTO Iris Mist convertible, they made 20, 3x2 stick car, documented.   Still do not think it is a 100k car.  Also have a 64 GTO convertible 3x2 stick car also documented, just under 6,600 made.  Still not a 110k car.   So why do these guys think a REAL acknowledged 69 Z28 is worth that much?    That is the biggest problem with this REAL car.   My earlier comment is because this same car keeps popping up at auctions and has received all this internet chat.   The point is that there is a reason it is not bringing big bids or selling

jack92584

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Re: EO Z28 at Mecum Kissimmee 2016
« Reply #91 on: May 24, 2016, 02:07:04 AM »
The point is that there is a reason it is not bringing big bids or selling

Not bringing big bids or selling? Sold for $150k (plus commission) at the Kissimmee auction. Sounds pretty big to me.
69 Z28 / Hugger Orange /  Deluxe Houndstooth  / M21 / 4:10 Posi / GM of Canada documented

X33RS

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Re: EO Z28 at Mecum Kissimmee 2016
« Reply #92 on: May 24, 2016, 02:21:44 AM »
We also have to keep in perspective that just because something is low production, that doesn't always equate to more money either.  As much as I love Pontiacs (I have one and my father bought his GTO new) the 64's and 65's haven't really been big money cars.  When it comes to Pontiacs it's the round port motor stuff that are the stronger sellers. 

Popularity also plays a big roll in price, and 69 Camaros usually hover around the top of that list.  I agree however, and I've said this many times myself, with 20,302 69 Z's built, it's not a rare car by any means and it astonishes me the money these things bring.  It has more to do with it's popularity, and the Z28 heritage/history is pretty cool.  The first gen Z's also got something that even GM's prestigious corvettes didn't get so that makes them unique in their own right.
  Nothing wrong with 67-68's either in my book, I'd own one.

X33RS

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Re: EO Z28 at Mecum Kissimmee 2016
« Reply #93 on: May 24, 2016, 02:30:24 AM »
The point is that there is a reason it is not bringing big bids or selling

Not bringing big bids or selling? Sold for $150k (plus commission) at the Kissimmee auction. Sounds pretty big to me.

I watched a 69 RS Z sell at BJ this past January for $140k before commission.  Nothing special about it other than being an RS.  Cortez Silver in color so color wasn't all that rare.  A very nicely restored car however with lots of documentation.  I took a lot of pictures of the car before it hit the block.  Still amazed me at the money it brought.

janobyte

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Re: EO Z28 at Mecum Kissimmee 2016
« Reply #94 on: May 24, 2016, 02:40:17 AM »
I'd feel fine in a 69...

Pretty darn great in my 68 :)

Be pure heaven in a 67 !!
68 Z/28  born with: 302, drive line, etc..

cook_dw

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Re: EO Z28 at Mecum Kissimmee 2016
« Reply #95 on: May 25, 2016, 04:45:02 PM »
Darrell Cook

Contact me if you have a 68 L78/L89 Camaro to add it to my database.

BULLITT65

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Re: EO Z28 at Mecum Kissimmee 2016
« Reply #96 on: May 25, 2016, 06:55:36 PM »
We also have to keep in perspective that just because something is low production, that doesn't always equate to more money either.  As much as I love Pontiacs (I have one and my father bought his GTO new) the 64's and 65's haven't really been big money cars.  When it comes to Pontiacs it's the round port motor stuff that are the stronger sellers. 

Popularity also plays a big roll in price, and 69 Camaros usually hover around the top of that list.  I agree however, and I've said this many times myself, with 20,302 69 Z's built, it's not a rare car by any means and it astonishes me the money these things bring.  It has more to do with it's popularity, and the Z28 heritage/history is pretty cool.  The first gen Z's also got something that even GM's prestigious corvettes didn't get so that makes them unique in their own right.
  Nothing wrong with 67-68's either in my book, I'd own one.

Plus how many real 69 Z cars out of the 20K that they made are still out there?
How many have there born with block? ( I would think less than half)
So not " super rare" type numbers, but when you have a car with high demand and over the years many have rotted/wrecked/been torn apart, the prices will climb. There has been a couple plateaus like 2000, and 2007, but the first gen Camaros, and 69 in particular continues to climb, with the Big block cars and Z cars, and all the special HP cars raising the bar even more.

I am skeptical of any auction results, especially when you consider many of the auction houses bid and participate in many of the auctions. When the hammer slams for a 140-150k price tag on a 69 Z I am left wondering what really took place. I just don't think the market is there yet.

Like most guys on here I follow results eBay and otherwise, and IMO a #1 or unrestored 69 Z car is about 100k. +/- 5k. As I see it unrestored cars BB, Z (pace cars)or special HP cars can go for the same or more as restored #1 cars. Anything less than a SS350 car they are all over the map.

So when you mention that silver RS, or the EO car (realZ at the minimum) going for 140 or 150k, I think that is still an artificial bubble, only seen at auction. While many first gen owners that see the results may smile at the outcome, this is not a step towards a sustainable market IMO.
1969 garnet red Z/28 46k mile unrestored X77
-Looking for 3192477 (front) spiral shocks 3192851 (rear)
-Looking for an original LOF soft ray windshield
-Looking for original Delco side post negative battery cable part # 6297651AV

bcmiller

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Re: EO Z28 at Mecum Kissimmee 2016
« Reply #97 on: May 25, 2016, 07:03:37 PM »
Nobody knows when the bottom will fall out of the market.  Never buy a car as an investment.  I was told that a long time ago. If your financial advisor tells you cars are a good safe investment, find another advisor. It is OK as part of a diversified portfolio, but never count on it for your well being.

Have cars because you like them and drive them.  Drive them hard.  Trailer queens are fine for some people, but not for me.
Bryon / 1968 Camaro SS 396 - now 468 ci, M21, 12 bolt
Looking for 68 Camaro with body number NOR 181016

HawkX66

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Re: EO Z28 at Mecum Kissimmee 2016
« Reply #98 on: May 25, 2016, 07:40:18 PM »
Nobody knows when the bottom will fall out of the market.  Never buy a car as an investment.  I was told that a long time ago. If your financial advisor tells you cars are a good safe investment, find another advisor. It is OK as part of a diversified portfolio, but never count on it for your well being.
The same could be said about real estate. A lot of guys buy cars as an investment and make mucho dinero off them. I think it's probably more stable than the stock market these days.... With that said, like you, I have cars & motorcycles because I like them, like to drive them & like to drive them hard.
Dave
69 SS396 X66 L34 M21 BS
Z23 711 U17 Hugger Orange
Semper Fi! USMC 93-02

ds1

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Re: EO Z28 at Mecum Kissimmee 2016
« Reply #99 on: June 09, 2016, 09:48:52 PM »
To me special paint adds 10 percent price to the price.  That is what it amounted to on the 67 Plum Mist GTO convertible that the Volo Museum boght from us.  They had it appraised at 60k and sold it at their  "no haggle price "   of 55k in 23 days after purchasing it from us at Carlisle  that was  15 years ago