69 Z lemans blue project Value

[NorCam]

Well stated John...but there's another issue today, and that's with the inflated price of parts.

Restoring one of these cars today that does not have the original drive train is extremely costly. Case in point is the X77 car I am bringing back from being a Super Stock. By the time you source and buy all the missing Z/28 parts, dated and numbers correct components, and then restore the interior, bodywork and paint etc, you can easily be into one of these cars for 70K-80K and sometimes more? The high price of restoration work (quality body & paint) and the excessive price of dated components today is what's driving up the asking prices once completed.

While we all wish they were 40K-50K cars finished they are not because the 69 cars are "so popular" with "so many" people. Many of which don't want to spend on a turn key finished $$$ car, so they then seek out a project car that's missing lots and end up restoring one (only to find out how costly that can be). That sets them on the competitive path of seeking out the rare parts which are already overpriced IMO and fuels good old supply and demand issues once again. Until people stop paying absorbent prices for these parts, I doubt we are going to see a huge correction in the asking price of finished cars.

It's another reason people are searching more for the survivor cars now. Less parts to buy than a car that is in need of so much more.