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Old 06-10-2021   #1
Erik
 
Join Date: Nov 2016
Location: New Brunswick
Posts: 936
Default Another Big $$$ C4 ZR1 on BAT!

4 hours left, and up to $49K. Yes, silly low miles, but still nice to see the numbers going upwards.

https://bringatrailer.com/listing/19...vette-zr-1-35/
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1990 ZR-1 # 996

"All Corvettes are red. The rest are mistakes." - John Heinricy
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Old 06-10-2021   #2
Mikey
 
Join Date: Jul 2020
Location: Nashville TN
Posts: 304
Default Re: Another Big $$$ C4 ZR1 on BAT!

not sure 49K is big money, but regardless this is a good example of why you don't "invest" in cars LOL.
Those 96 miles were enjoyed at a depreciation price of $110/mile plus an amortized price for taxes, registration and insurance of at least another $300/mile (assuming one did those sort of things for this garage queen).

No car was ever engineered to sit still. Get out and drive 'em!
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Old 06-10-2021   #3
Erik
 
Join Date: Nov 2016
Location: New Brunswick
Posts: 936
Default Re: Another Big $$$ C4 ZR1 on BAT!

Quote:
Originally Posted by Mikey View Post
not sure 49K is big money, but regardless this is a good example of why you don't "invest" in cars LOL.
Those 96 miles were enjoyed at a depreciation price of $110/mile plus an amortized price for taxes, registration and insurance of at least another $300/mile (assuming one did those sort of things for this garage queen).

No car was ever engineered to sit still. Get out and drive 'em!
I was expecting it to jump a bit more in the last hours. I agree, $49K isn't huge. I was expecting another $70k.
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1990 ZR-1 # 996

"All Corvettes are red. The rest are mistakes." - John Heinricy
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Old 06-10-2021   #4
CamP
 
Join Date: Jun 2012
Location: fort worth
Posts: 183
Default Re: Another Big $$$ C4 ZR1 on BAT!

The undercarriage killed the value of this car. Lots of rust made it look like was stored near the beach.
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Old 06-10-2021   #5
TX '90 ZR1
 
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Join Date: Oct 2017
Location: TX
Posts: 1,959
Default Re: Another Big $$$ C4 ZR1 on BAT!

Quote:
Originally Posted by CamP View Post
The undercarriage killed the value of this car. Lots of rust made it look like was stored near the beach.
I agree. The underside of my 39,000 mile '90 is a LOT nicer than this one. Mine has been in SoCal and West Central Texas it's whole life.
Makes a lot of difference!!
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1990 #442
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Old 06-11-2021   #6
AndrewL
 
Join Date: Dec 2020
Location: Sydney, Australia
Posts: 73
Default Re: Another Big $$$ C4 ZR1 on BAT!

Quote:
Originally Posted by Mikey View Post
not sure 49K is big money, but regardless this is a good example of why you don't "invest" in cars LOL.
Those 96 miles were enjoyed at a depreciation price of $110/mile plus an amortized price for taxes, registration and insurance of at least another $300/mile (assuming one did those sort of things for this garage queen).

No car was ever engineered to sit still. Get out and drive 'em!

This. If you want to make money there are far better investments than a car. Just enjoy the damn things for what they are... high performance cars.
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Old 06-11-2021   #7
bb62
 
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Join Date: Oct 2008
Location: Michigan
Posts: 129
Default Re: Another Big $$$ C4 ZR1 on BAT!

If someone were tracking all of our C4 ZR-1s, I wonder if 3 categories would best explain the status of these cars:
- Destroyed - Due to accident, flood, etc.
- Currently on the road and being driven
- Zero mile cars that will never see the road (like the 96 mile example in this auction)

At the rate that the currently driven cars are used, will they become more rare then the stored away never to be driven cars? I wonder what the relative proportion is for each of the three groups.
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Old 06-11-2021   #8
DRM500RUBYZR-1
 
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Join Date: Sep 2008
Location: Mullica Hill, New Jersey
Posts: 2,566
Default Re: Another Big $$$ C4 ZR1 on BAT!

Quote:
Originally Posted by bb62 View Post
If someone were tracking all of our C4 ZR-1s, I wonder if 3 categories would best explain the status of these cars:
- Destroyed - Due to accident, flood, etc.
- Currently on the road and being driven
- Zero mile cars that will never see the road (like the 96 mile example in this auction)

At the rate that the currently driven cars are used, will they become more rare then the stored away never to be driven cars? I wonder what the relative proportion is for each of the three groups.
Agreed on the 3 categories, but a fourth is emerging, and that is restored cars.
As the first two groups increase, so will the restoration efforts.
No need to restore when you could buy an older "new" one for peanuts, but those days are coming to a close.

Marty
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