<VV> Was: More thanks/More questions, Now: ebay $19k 66 'vert (long)

[corvairs]

Mike told me last night that he already has his deposit and that the 
buyer is already arranging for covered transportation back east - Lon

www.corvairunderground.com

Dave Morris wrote:

> On eBay unfortunately there's also the inevitable question of whether 
> the "check has cleared the bank" yet... i.e. did the high bidder belly 
> up to the bar in the end.  (I didn't look to see who won this one, so 
> please don't flame me... I'm not impuning his integrity!)
>
> Dave Morris
>
>
> At 10:36 AM 12/10/2004 -0500, you wrote:
>
>> <snip> Also, can anyone explain the reason for that high end price 
>> for the 66
>> Corsa turbo
>> vert that sold on eBay.  Obviously a great car but thats the highest 
>> number
>> I've seen in my few short months of involvment. Has the rest of the 
>> world
>> discovered Corvair? <unsnip>
>>
>> Yes, $19K for a Corvair is pretty amazing.  I think there are a 
>> couple of
>> factors at work. The collector car market is in the middle of another 
>> run-up like
>> we saw in '87.  The desireable stuff (muscle cars, Camaros, Mustangs,
>> tri-five Chevys) are all in the 20K to 35K range.  Most first gen 
>> Camaro convertibles
>> are now $30K to $35K.  There's enough demand to permit reproduction 
>> of entire
>> Camaro convertible bodies ($12K).  Mopar muscle convertibles are 
>> $65K+.  This
>> run-up has priced many out of the "main" market and the secondary 
>> collector
>> car values are now being pulled-up, including Corvairs.  A couple of 
>> years ago,
>> it was rare to see a Corvair exceed $10k (or even $7500), now it's 
>> becoming
>> more common.  The good news in this is that restoration of a Corvair
>> (restoration of which costs the same as a Camaro or Mustang), may no 
>> longer be a money
>> losing venture.
>>
>> The other factor in the sale of the '66 Turbo convertible is the 
>> combination
>> of rareness and desireability. This car, in fact, has more points of
>> desireablilty and rarity than any I can recall. Rareness can either 
>> be due to the fact
>> that nobody wanted the car (like a Loadside, apologies in advance) or 
>> because
>> they were all "used-up" long ago, or because they were desireable but 
>> few
>> "stepped-up", like this '66 or a 427 Impala 4-speed wagon, for 
>> example.  AFAIR,
>> they only made about 2500 '66 Corsa Turbo convertibles; rare and 
>> desireable (1
>> point), great shape (2 points now), highly optioned (3 points), rare,
>> desireable color (4 points), low miles (5 points), semi-famous owner 
>> (6 points),
>> unstock modifications (minus one, back to 5 points). Kinda like a 
>> trifecta sweep; so
>> many points in one vehicle. The typical Corvair, let's say a '63 
>> Monza 2dr AT
>> in great condition might hit only one of the above points, so it 
>> won't "break
>> the bank" like the '66 did on ebay.  My most desireable Corvair is 
>> about a
>> 3-pointer.  My other two, while very nice desireable cars, hit only 
>> one or two
>> points.  A 6-point car is extraordinary and the selling price 
>> reflects this.
>> Craig Nicol
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