Nice C2 4Sale with Dromey Corvettes

[Chevrolet]

1964 Chevrolet Corvette Blue Manual, 4 speed Left Hand Dr...

1964 Chevrolet Corvette Blue Manual, 4 speed Left Hand Drive in United Kingdom - For Sale | Car & Classic, £47,500 1964 C2 CORVETTE VIN 4...

www.carandclassic.com

 

[antijam]

Certainly a nice looking car. The write-up suggests it holds up against cars worth £60k or more - so why only £47.5K? I guess as well as several other non-original elements, the substitution of a later 350/220 for the original 327 with at least 250 HP will be partly responsible.
Still, it could get you into a very smart manual 'Vert C2 at a pretty keen price.

 

[Roscobbc]

Certainly a nice looking car. The write-up suggests it holds up against cars worth £60k or more - so why only £47.5K?

Despite the C2 (and C1) market being relatively buoyant........for many buyers a non original spec' car is a 'kiss of death'.
Having said that perhaps someone 'new' to the fickle world of American cars in the UK and very specifically Corvettes (and classic cars generally) I guess might be bowled over by what they see and the historic prices paid for matching numbers cars.
Back in the USA when these cars were perhaps a mere 10 or 15 years old, far more numerous, much cheaper (or accident damaged) many a hotter spec' engine would have found its way into a hot rod or dragster.
Imagine this cars potential value today if it had originally been a 375 hp 327 with fuel injection?

 

[Llewelyn]

The market is tough out there - people have less disposable cash, classic car market is volatile so less people are "investing".

Then you've got the age old "perceived value" and a price cars ACTUALLY change hands for ... Adrian knows what he's doing and he's priced it to actually shift it.

I can give some recent first hand examples:

I sold a lovely C5 convertible in black tail end of last year for £10.5k from memory (this included delivery 200 miles away at my cost!). The internet woul dhave you believe it was a £15k+ car
A couple of weeks ago I sold my "£30k market value" Lotus Esprit GT3 in truly excellent condition for £22.5k and even that was hard work

Buying at the right money is getting more and more difficult these days too because most owners think their cars are worth more than they actually are.

Going back to the C2 it looks a great car for the money!

 

[Nassau65]

That’s where auction values can be more true to life. People in the room on site bidding for the car. Of course nowadays it’s also done remotely, but still actual bidding “hard cash” .
I’ve always said something is only worth what someone else is willing to pay for it.
Adrian Dromly is a trader, he doesn’t want cars to take root. He’s been in the game long enough, prices them to sell fairly quickly. His outlay back in his pocket and a nice profit to boot.

 

[Llewelyn]

Definitely agree Nassau.

There was a C6 convertible on eBay recently which I was the highest bidder on but the reserve wasn’t met. It wasn’t a desirable spec - 2005 auto with the earlier gearbox, 4 spoke steering wheel. Hammer price, £12.5k which I would have paid happily. I emailed the seller and he told me he wanted £18k for it and would absolutely not move on price. Now £12.5k was probably too cheap but it just goes to show money talks and ultimately it found its value… Things aren’t moving like they used to..!

 

[Nassau65]

You say £12.5k was probably too cheap, BUT nobody went higher, so on the day that’s all it made.
Over the years going to hundreds of car auctions with dad, I’ve seen countless cars go through multiple times due to not meeting the reserve.
Hey, I thought you didn’t want a auto

 

[Llewelyn]

You say £12.5k was probably too cheap, BUT nobody went higher, so on the day that’s all it made.
Over the years going to hundreds of car auctions with dad, I’ve seen countless cars go through multiple times due to not meeting the reserve.
Hey, I thought you didn’t want a auto

Ha! I’ll have an auto at the price!!

 

[Chevrolet]

That’s where auction values can be more true to life

Anglia Car Auction reckon this Jap import C5 is a £20-25k car in their upcoming auction!

2000 CHEVROLET CORVETTE C5 5.7 AUTO LHD

Sat 30th & Sun 31st August, 2000 CHEVROLET CORVETTE C5 5.7 AUTO LHD. Watch & Bid Live online or attend in person.

angliacarauctions.co.uk

This is an interesting one

2000 MITSUBISHI L200

Sat 30th & Sun 31st August, 2000 MITSUBISHI L200. Watch & Bid Live online or attend in person.

angliacarauctions.co.uk

 

[Nassau65]

When I said auction values, I ment the final price achieved. The auction house can provide any guide price they like, it’s meaningless. On the day, people bidding hard cash, that’s it value.

 

[Chevrolet]

When I said auction values, I ment the final price achieved. The auction house can provide any guide price they like, it’s meaningless. On the day, people bidding hard cash, that’s it value.

Yep, I know that.

 

[BigVet]

The market is tough out there - people have less disposable cash, classic car market is volatile so less people are "investing".

Then you've got the age old "perceived value" and a price cars ACTUALLY change hands for ... Adrian knows what he's doing and he's priced it to actually shift it.

Well done Llewelyn, you're spot on and I couldn't agree more.
Adrian Dromey.