Author Topic: Pair of ZL1 COPO's... at Auction.. :)  (Read 1214 times)

69Z28-RS

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Pair of ZL1 COPO's... at Auction.. :)
« on: January 05, 2018, 04:55:24 PM »
Gary W / 09C 69Z28-RS, 72 B 720 cowl console rosewood tint
69 Corvette convertible, silver/black 350 hp,
60 Corvette white/red, 72 Corvette coupe, '70 Mach I 
90 ZR1 red/red #246, 90 ZR1 white/gray #2466
72 El Camino, '55-'56-'57 Nomads, '55-'57 B/A Sedan

BULLITT65

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Re: Pair of ZL1 COPO's... at Auction.. :)
« Reply #1 on: January 05, 2018, 06:10:05 PM »
I read the 1.1M to be the reserve, not the estimate?

Either way it is going to take some deep pockets to own them. I doubt it will sell as a complete lot. You are into Cobra or Ferrari money at that point, and I don't think people put Pony cars on that level. (even 2 of them) Just my 2 cents
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

jdv69z

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Re: Pair of ZL1 COPO's... at Auction.. :)
« Reply #2 on: January 05, 2018, 07:48:35 PM »
I didn't know that they disclosed the reserve?
Jimmy V.

BULLITT65

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Re: Pair of ZL1 COPO's... at Auction.. :)
« Reply #3 on: January 05, 2018, 08:05:09 PM »
The Hemmings article said
"Mecum’s online catalog lists the pre-auction estimate at $1,250,000 to $1,750,000, making this a sale for the most serious and well-heeled of muscle-car collectors. In an unusual move that we applaud for its transparency, Mecum also lists an “announced reserve” of $1,100,000, giving a very clear and distinct floor to what it will take for this pair of pedigreed muscle cars to find a new home."

So they are estimating high, but did reveal the reserve so nobody thinks of getting these under a Mill.
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: Pair of ZL1 COPO's... at Auction.. :)
« Reply #4 on: January 05, 2018, 08:30:25 PM »
 A bit too pricey for most.  Definitely too pricey for me.

Just put a stroked 454 with some goodies in it - and you can be faster than those cars with any ‘ole Camaro.
« Last Edit: January 05, 2018, 11:03:38 PM by bcmiller »
Bryon / 1968 Camaro SS 396 - now 468 ci, M21, 12 bolt
Looking for 68 Camaro with body number NOR 181016

Kelley W King

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Re: Pair of ZL1 COPO's... at Auction.. :)
« Reply #5 on: January 05, 2018, 08:31:00 PM »
Well IF I was, at least I would know whether to show up or not.
69 Z28 RS Scuncio Hi Performance
69 SS L78
67 SS Chevelle
64 Corvette
66 GTO Tiger Gold
77 Trans Am Special Edition

hgger69

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Re: Pair of ZL1 COPO's... at Auction.. :)
« Reply #6 on: January 05, 2018, 09:19:09 PM »
Read of them before, isn't Gas Monkey and RR the sellers?  ::)
Regards,
Hakan from Sweden
1969 Camaro X44, hugger orange, 427 ZL-1 tribute, TH350, 4:10 12 bolt Posi, RPO Z87, black/white houndstooth, 14" steel wheels & dog dish, 02D built
www.hakansmotorsida.com

maroman

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Re: Pair of ZL1 COPO's... at Auction.. :)
« Reply #7 on: January 05, 2018, 10:30:38 PM »
I would think it's hard enough to get top dollar for one car let alone two.
Doug  '67 RS/SS 396 auto I know the car since new

BULLITT65

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Re: Pair of ZL1 COPO's... at Auction.. :)
« Reply #8 on: January 05, 2018, 11:00:22 PM »
I would think it's hard enough to get top dollar for one car let alone two.
X2
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

cook_dw

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Re: Pair of ZL1 COPO's... at Auction.. :)
« Reply #9 on: January 12, 2018, 03:03:30 PM »
Sold $1.21M
Darrell Cook


If you have a 68 L78 or Z28 Camaro please contact me so I can add your vehicle to my database.

jdv69z

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Re: Pair of ZL1 COPO's... at Auction.. :)
« Reply #10 on: January 12, 2018, 03:36:37 PM »
Never ceased to be amazed by how much money is out there, or is it debt??  ???
Jimmy V.

69Z28-RS

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Re: Pair of ZL1 COPO's... at Auction.. :)
« Reply #11 on: January 12, 2018, 03:48:21 PM »
Wow...  and if the buyer keeps them together until he sells them as a pair, he'll probably make $$ too...
Gary W / 09C 69Z28-RS, 72 B 720 cowl console rosewood tint
69 Corvette convertible, silver/black 350 hp,
60 Corvette white/red, 72 Corvette coupe, '70 Mach I 
90 ZR1 red/red #246, 90 ZR1 white/gray #2466
72 El Camino, '55-'56-'57 Nomads, '55-'57 B/A Sedan

motorman

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Re: Pair of ZL1 COPO's... at Auction.. :)
« Reply #12 on: January 24, 2018, 04:31:54 PM »
the buyer most likely had a big capital gains tax to pay and now since he reinvested the money in a collector car he skips the capital gains taxes for now.  it is like the charity auctions all the money over the list price they pay is tax deductible.
new Camaros owned 68 and 69 Z-28. new Corvettes owned 59,62,63,64,65,66,97,99 02,05 and 08.

69Z28-RS

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Re: Pair of ZL1 COPO's... at Auction.. :)
« Reply #13 on: January 24, 2018, 05:07:43 PM »
the buyer most likely had a big capital gains tax to pay and now since he reinvested the money in a collector car he skips the capital gains taxes for now.  it is like the charity auctions all the money over the list price they pay is tax deductible.

For that to happen, it needs to be a 'like kind' exchange...  ie.  the capital gain he's deferring tax on would have to have come from selling *another collector car' for the tax to be deferred based on buying another collector car...  in other words, he can't defer tax on a capital gain made in the stock market by purchase of a collector car...
Gary W / 09C 69Z28-RS, 72 B 720 cowl console rosewood tint
69 Corvette convertible, silver/black 350 hp,
60 Corvette white/red, 72 Corvette coupe, '70 Mach I 
90 ZR1 red/red #246, 90 ZR1 white/gray #2466
72 El Camino, '55-'56-'57 Nomads, '55-'57 B/A Sedan