Value of ZR-1

[edram454]

Originally Posted by gmonsen

Actually, it may be the way things work. When prices get as low as they are now, it makes no sense for anyone to sell unless they are desperate for money. I think we've hit the point where most will hold off selling unless they have to sell. There are not that many decent ZR1's around and so prices will begin to go up. This is exactly what will happen unless I and so many others are wrong and the relatively rare ZR1's are really not very good cars. 10 years ago you could buy an E30 M3 in great shape for $15,000. They are now $50-150,000 depending on condition. 5 years ago you could buy a Ferrari Testarossa for $50,000. Today, the bottom prices are $100,000. How do you think prices go down so far and then go up? It ain't magic. It's supply and demand.

I beg to differ. I sold mine for all it would bring at the current time. did I have to sell? no. Was I no longer happy with my circumstances as far as maintenance shops being so far away and had to deal with a leaky sensor left by aaron after it came from his shop? No. I was unhappy with my circumstances in owning this car where I live in South Florida. I took all it would bring at 16.5. I did not have a storage place for it so i can have it sit until the market goes up, or IF the market goes up on these cars. I feel I dont have time to wait for possible up trends on these or any car. My car had 47k miles and very expensive mods and a imron paint job 10k and new everything etc... I decided to not wait for the possibility that prices go up and unloaded the car for the most it would bring. I bought another corvette better suited for my circumstances and licked my wounds. Your car is only worth what another person will pay for it. I know of a few zr-1s for sale here by forum members that I would be all over them if I had a reputable mechanic closer than 24 hours away. I have dreams of owning Randy Ransoms beautiful red zr1 which he is still waiting to sell. He will not lower his price and if you saw pics of that beast you would understand why. I paid for my z06 what he wants for his zr1 which is heavily modded and impeccable. My z06 was on the market for 2 days and it was gone.

A variety of reasons are in play in this case because of future repairs, rarity of parts being the most convincing. I hope one day they do go up but I dont see it in the foreseeable future. I am 58 and did not want to spend years selling my car. If I were younger maybe but not now. I hope you all get what you want and some of you might decide to sell even if you dont need the money, you might need the space or more importantly, you may not want to wait.

Thank You.