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| Are 1988 Corvette Challenge Cars collectible? |
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| NO |
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| Total Votes : 6 |
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bigjohn
Joined: 09 Jan 2007
Posts: 16
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 Posted: Tue Jan 09, 2007 4:46 pm Post subject: 1988 Corvette Challenge question |
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What do you feel the current value is of the 1988 Corvette Challenge car?
What do you feel it will be 5, 10, 20 years down the road?
Thanks,
BigJ |
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racelance
Site Admin
Joined: 01 Jan 1970
Posts: 104
Location: Carlisle, PA
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| Posted: Tue Jan 09, 2007 10:25 pm Post subject: |
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BigJohn-
Thanks for posting on ShowYourCorvette.com. Now to answer your questions:
1) The current value of an '88 Challenge Car?
This is a tough one to answer. The '88s, 89's & R9G's are all collectible cars in my book. But that's just one mans opinion - I'm curious to hear what others here have to say. The reason this is a tough question to answer is because these cars have a lot of variables in making there current value fluctuate. Here are a few examples: how did the car finish the overall series, was the car ever in any accidents, who drove the car & so on. If the car was driven by a well known driver and finished in the top 10 & wasn't ever wrecked I'd give a fair market value of approximately $30,000 - $35,000 (or a bit more perhaps).
2) 5, 10, 20 years down the road - I'd expect a significant increase in value - but only time will tell. If you love the car and enjoy owning it - it doesn't matter what the value is. Go get one if you really want one, life is short - enjoy it!
Hope this helps!
Lance
PS I'm looking forward to hearing other responses to your post. |
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sun bather bob
Joined: 08 Dec 2006
Posts: 14
Location: Ocean City,New Jersey
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| Posted: Tue Jan 09, 2007 11:37 pm Post subject: |
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I think they are going to be a very collectable car down the road. I would pay top dollar if I could find another one.  |
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bigjohn
Joined: 09 Jan 2007
Posts: 16
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| Posted: Wed Jan 10, 2007 7:09 pm Post subject: |
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Thanks for the responses.
BigJ |
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racelance
Site Admin
Joined: 01 Jan 1970
Posts: 104
Location: Carlisle, PA
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| Posted: Fri Jan 12, 2007 2:55 pm Post subject: |
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You got it!
Lance |
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88KendallCorvette
Joined: 17 Mar 2009
Posts: 4
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| Posted: Tue Mar 17, 2009 5:55 am Post subject: Value |
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i do believe that recently on Barret Jackson an 89' challenge car went for close to 300K!
i find very ridiculous but seems almost realistic |
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racelance
Site Admin
Joined: 01 Jan 1970
Posts: 104
Location: Carlisle, PA
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| Posted: Tue Mar 17, 2009 12:50 pm Post subject: Re: Value |
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| 88KendallCorvette wrote: | i do believe that recently on Barret Jackson an 89' challenge car went for close to 300K!
i find very ridiculous but seems almost realistic |
You are incorrect, that was an '89 DR1 - I was the second to highest bidder on the '89 Challenge Car but didn't win it. The car sold for $71,500, check out the article written in Corvette Market Magazine: click here for more info.
Hope this helps,
Lance |
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88KendallCorvette
Joined: 17 Mar 2009
Posts: 4
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| Posted: Sun Mar 22, 2009 5:51 am Post subject: |
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oh well sorry i was wrongly informed
thank you for clearing that up
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Rathbone
Joined: 24 Jun 2009
Posts: 8
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| Posted: Wed Jun 24, 2009 2:33 pm Post subject: |
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| racelance wrote: | BigJohn-
1) The current value of an '88 Challenge Car?
This is a tough one to answer. The '88s, 89's & R9G's are all collectible cars in my book. But that's just one mans opinion - I'm curious to hear what others here have to say. The reason this is a tough question to answer is because these cars have a lot of variables in making there current value fluctuate. Here are a few examples: how did the car finish the overall series, was the car ever in any accidents, who drove the car & so on. If the car was driven by a well known driver and finished in the top 10 & wasn't ever wrecked I'd give a fair market value of approximately $30,000 - $35,000 (or a bit more perhaps).
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In that case I may be able to afford a car that was a loser / wreck driven by a nobody special. Cool! Can anyone point me to one of those? |
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racelance
Site Admin
Joined: 01 Jan 1970
Posts: 104
Location: Carlisle, PA
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| Posted: Wed Jun 24, 2009 2:43 pm Post subject: |
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| Rathbone wrote: |
In that case I may be able to afford a car that was a loser / wreck driven by a nobody special. Cool! Can anyone point me to one of those? |
These cars don't come up for sale very often... you'll just have to keep searching!
Lance |
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NitroNutt
Joined: 21 May 2009
Posts: 5
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| Posted: Thu Jun 25, 2009 3:28 am Post subject: Challenge Cars |
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| Hey Lance. People I talk to have never heard of the World Challenge and what my R9G is. To them its just another one of those C4's. |
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Rathbone
Joined: 24 Jun 2009
Posts: 8
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| Posted: Thu Jun 25, 2009 1:39 pm Post subject: Re: Challenge Cars |
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| NitroNutt wrote: | | Hey Lance. People I talk to have never heard of the World Challenge and what my R9G is. To them its just another one of those C4's. |
Even Corvette people don't know much about C4's. It may be a decade or more before anyone cares. Even the Anniversary cars don't really bring a premium over the value they receive based on condition. They are definitely for people who are passionate about what they are and aren't going to sell them for a very long time.
Putting them on display at Carlisle is defenitely a good way to get them in front of enthusiasts and changing the current perspective. Will you be bringing yours to Carlisle? |
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NitroNutt
Joined: 21 May 2009
Posts: 5
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| Posted: Thu Jun 25, 2009 4:18 pm Post subject: Re: Challenge Cars |
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| Rathbone wrote: | | NitroNutt wrote: | | Hey Lance. People I talk to have never heard of the World Challenge and what my R9G is. To them its just another one of those C4's. |
Even Corvette people don't know much about C4's. It may be a decade or more before anyone cares. Even the Anniversary cars don't really bring a premium over the value they receive based on condition. They are definitely for people who are passionate about what they are and aren't going to sell them for a very long time.
Putting them on display at Carlisle is defenitely a good way to get them in front of enthusiasts and changing the current perspective. Will you be bringing yours to Carlisle? |
Rathbone,
Wish I could. I'm in CA. Carlisle is in PA. Too far. I think youre right on the money. Getting these cars out in public will be a positive thing. |
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racelance
Site Admin
Joined: 01 Jan 1970
Posts: 104
Location: Carlisle, PA
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| Posted: Thu Sep 03, 2009 1:13 am Post subject: |
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D.Cyday
Joined: 02 Oct 2009
Posts: 5
Location: United States
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| Posted: Fri Nov 13, 2009 8:41 pm Post subject: 1988 Corvette Challenge question |
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Welcome to the ZR-1 Forum. It is here where discussions of the ZR-1 Corvette are to take place.
Thank you. |
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