Re: Value of 68 L78
Chuck,
I bought a similar 68 about 4 months ago. L78, M22, red/red, POP, tons of docs, console, gauges, awesome survivor type 40k mile car with original drivetrain and sheetmetal. Smog and original manifolds in a box where they have been since March of '68. Orange paint still on manifolds! Paid $75k. Had crappy old 1980's repaint so it is out getting stripped and painted correctly and detailed.
I paid up because of the red/red combo, M22, docs, and original drivetrain. Probably going overboard on the cosmetics as well so may have passed up the TMV of the car by the time I am done?
So imho perhaps a NOM car is 20% less? Paint color a deduct of 5% over red (debatable of course)? Call a nice older frame-off comparable in value to an unrestored car? So I'm saying in the 60k range, but really in the end it boils down to are you buying it for future profit (ie, need to buy it "right"), or buying it because you like it and want to have some fun with it and don't care if you get all your chips back when you sell?
My $.02... let us know what you do!
Colin
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