Corvette Market Insider’s Buy, Hold & Sell Insights

Matt • February 1, 2010

Monty_Python_and_the_Holy_Grail_backdrop.pngWe were present for the 3rd Annual Corvette Market Insider’s Seminar at Barrett-Jackson this year.  This year’s panel of experts included David Burroughs (Bloomington Gold), Jim Jordan (County Corvette), Kevin Mackay (Corvette Repair), Terry Michaelis (ProTeam Corvette), Michael Pierce (NCRS) Roy Sinor (NCRS) and Mike Yager (Mid America Motorworks).  Before the seminar concluded, the panelists were asked to present their Hold, Sell, Buy and “Holy Grail” cars in today’s market.  Drum roll, please…

HOLD

  • Burroughs: 1963-1972 high horsepower convertibles
  • Jordan: 1967 427/435
  • Mackay: 1965 327/350 convertible survivor
  • Michaelis: 1963 fuel injection coupe
  • Pierce: “Z” code cars (ZL1, Z06, etc.), original spec M-22 cars
  • Sinor: any unrestored originals
  • Yager: 1958, 1967, 1968 and 1978 model years

SELL

  • Burroughs: 1963-66 coupes under 360 HP
  • Jordan: 1990-95 ZR-1
  • Mackay: “basket case” cars with replacement block and no documentation
  • Michaelis: 1966-67 427/425 and 427/435 cars
  • Pierce: “Any car that will cost more to restore than it’s worth”
  • Sinor: Any C3 or C4 that is not considered to be rare
  • Yager: unique cars with high options

BUY

  • Burroughs: 1953-57 cars at least 75% unrestored with little deterioration
  • Jordan: 1968-69 L88
  • Mackay: 1968-69 L88 “with documentation”
  • Michaelis: 1968-69 L88 “with documentation”
  • Pierce: L88 cars, tankers (1959-67 24 or 36 gallon fuel tank option), early fuel injection cars
  • Sinor: well documented early fuel injection cars
  • Yager: 1963 Z06, any rare C4

THE HOLY GRAIL

  • Burroughs: 1967 L88 Daytona race car
  • Jordan: 1963 Grand Sport #002
  • Mackay: 1963 Grand Sport #004
  • Michaelis: any 1963 Grand Sport
  • Pierce: any 1963 Grand Sport
  • Sinor: 1967 L89 with original engine
  • Yager: Corvette CERV I or 1963 Grand Sport
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