Zl1 #4 $380,000

[Steve Shauger]

Originally Posted by Mr Yenko

On the price of the ZL-1 bidding to $380.000. What I have observed over the years is any good car doesn't need to be SOLD through a auction house. They trade between the big collectors so no one knows there business. Auction cars are what I have felt to be the leftovers if that makes any sense. Just my opinion

To make a blanket statement that auction cars are leftovers in my opinion is simplistic and just wrong. Many spectacular cars have been bought and sold at auctions. An auction is just another method to buy and sell cars. There is certainly a risk selling at a no reserve auction because the attendee's at the auction set the market (at that time and place) so there is risk, but also reward if you have at least two must have bidders. Obviously auctions can produce tremendous sale prices for sellers.


I will say I see many cars relisted on ebay auctions and other outlets and I would consider those "leftovers". The car in question had not been for sale for years and certainly not a leftover. Those who attended either were not in the market for a ZL1, or didn't like the options or restoration.


The only issue I have with an auction is the ability to really examine the car beforehand. If I had already examined a car and the seller wanted to sell at auction I certainly would have no issue bidding to my comfort level.