A bubble in '70 Chevelle Prices?

[scuncio]

$40k for a 307 Malibu would be a high water mark, for sure....

Link to 1970 Malibu auction (https://ebay.to/2r5L9HL)

https://i.ebayimg.com/images/g/p4AAAOSwEMxa41~N/s-l1600.jpg

[NorCam]

Cool car that I'd love to hot rod the crap out of...but that's a lot o' cha chinga!

[WILMASBOYL78]

I'm going to get out the crystal ball and predict that somewhere in the near future a car like this will not seem overpriced at that number. Assuming it is a rust free original sheet metal car that could be easily 'massaged' with engine/trans upgrades...it's really not too crazy.

I see lots of $15k rusty Chevelles that need $15-20k worth of body work and paint...and interior work besides. When you add it all up, these low mileage granny style cars are the best ones to buy.

Now is $40k a lot today...probably, but a year or two from now it will be different..remember folks next year those 70 Chevelles will be 50 years old :scholar:

[luzl78]

Just watched at our local drinking establishment last night a 70 black ls6 go for $175,000 at mecum

[McCune]

Not too big of bubble this car has been around for a month. https://lasvegas.craigslist.org/cto/d/1970-chevrolet-chevelle-2dr/6536804817.html

[Mr. Chevy]

I highly doubt the seller will get that kind of money... You can always ask anything but it is what someone will pay that matters...

Rich

[big gear head]

He's going to get a ticket parked in front of that fire hydrant. Looks like a crime scene in the background.

[65blackcoupe]

I heard a few weeks ago that the average for a body man and upholstery folks is almost 60 yrs old. They are dying art forms. Alot of guys I know are getting fed up with there cars being in "paint prison". I too think these solid grannys are the way to go if solid . Ready for a LS or carbrated motor of choice without all the wait time

[olredalert]

----While this is a clean 70, the fact that its a 307 means it is missing a lot of good stuff that a 350 option would have added. 12 bolt rear for starters, as well as Turbo 400. It might even be a powerglide. If someone is thinking about upgrading they get to add to the price with that stuff. With the price already in the stratosphere it just doesn't make sense. Its his car and he can ask anything for it, but I can't imagine anyone stepping up to his level. However, I have been wrong before!......Bill S

[lowmile]

Cough up a few grand more and you can get a NICE real SS 396 car with a good 10 year old restoration.

[Damien]

Very cool car but stupid money. I agree with Wilma that soon enough they will be there and this is driven by people's penchant for over paying. For a 307, 'glide car I would have thought it would top out around the mid to high 20's but perhaps I'm off the pace.

[JRSully]

It is the natural progression of the hobby. Look at all the 40 Ford coupe hot rods out there that the older owners can't give away now. And on the flip side, see the price of 5.0 LX Mustangs (and they made a ton of them) lately? A 40 Ford coupe, beautiful car, but I did not grow up with it and it is not an era that interests me. Exceptional examples of anything will always command a premium, but for the rank and file (and the crowd that chases it) time marches on.

[luzl78]

Well said.