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‘09 Show Awards for ProTeam • 52 Awards in ‘09

Monday, January 4th, 2010

This is an impressive list from a most impressive collection:
April 2-4, 2009 • NCRS Top Flight • 1969 L88 Green • Chapter
April 23-25, 2009 • NCRS Top Flight • 1981 VIN #72 • Regional
April 23-25, 2009 • NCRS Top Flight • 1969 L88 Green • Regional
April 23-25, 2009 • NCRS Nomination for Bowtie • 1969 L88 Green • Regional

May 2-3, 2009 • Keels & Wheels Concours d’Elegance Best in Class • 1968 L88 Red

June 5-6, 2009 • NCRS Top Flight • 1953 Corvette VIN #39 • Chapter
June 5-6, 2009 • NCRS Top Flight • 1953 Corvette VIN #268 • Chapter
June 5-6, 2009 • NCRS Top Flight • 1967 Red 435 • Chapter
June 5-6, 2009 • NCRS Top Flight • 1968 L88 Red • Chapter
June 5-6, 2009 • NCRS Second Flight • 1969 Black 435 • Chapter
June 11-13, 2009 • NCRS Top Flight • 1967 Black 400 hp Air • Regional
June 11-13, 2009 • NCRS Top Flight • 1968 L88 Red • Regional
June 25-27, 2009 • Bloomington Gold • 1953 Corvette VIN #93 • National
June 25-27, 2009 • Bloomington Silver • 1953 Corvette VIN #39 • National
June 25-27, 2009 • Bloomington Silver • 1953 Corvette VIN #268 • National
June 25-27, 2009 • Bloomington Silver • 1967 Red 435 • National
June 25-27, 2009 • Bloomington Special Collection • 1968 L88 Red • National
June 25-27, 2009 • Bloomington Special Collection • 1969 L88 Yellow • National
June 25-27, 2009 • Bloomington Survivor • 1969 L88 Green • National
June 25-27, 2009 • Bloomington Gold • 1969 L88 Green • National
June 25-27, 2009 • Bloomington Benchmark • 1969 L88 Green • National
June 25-27, 2009 • Bloomington Survivor • 1970 LT1 Grey • National
June 25-27, 2009 • Bloomington Silver • 1970 LT1 Grey • National
June 25-27, 2009 • Bloomington Special Collection • 1971 LS6 Export • National
June 25-27, 2009 • Bloomington Survivor • 1972 Convertible • National
June 25-27, 2009 • Bloomington Gold • 1972 Convertible • National
June 25-27, 2009 • Bloomington Benchmark • 1972 Convertible • National
June 25-27, 2009 • Bloomington Survivor • 1981 VIN #72 • National
June 25-27, 2009 • Bloomington Gold • 1981 VIN #72 • National
June 25-27, 2009 • Bloomington Benchmark • 1981 VIN #72 • National

July 12-17, 2009 • NCRS Top Flight • 1967 Black 400 Air • National
July 12-17, 2009 • NCRS Top Flight • 1968 L88 Red • National
July 12-17, 2009 • NCRS 4-Star Bowtie • 1969 L88 Green • National

August 28-30, 2009 • Carlisle Race Car Reunion Invitational • 1965 Suisse Racer • National

September 16-20, 2009 • NCRS Top Flight • 1967 Red 435 • Regional
September 16-20, 2009 • NCRS Performance Verification • 1969 L88 Green • Regional
September 16-20, 2009 • NCRS Bowtie Display • 1969 L88 Green • Regional
September 16-20, 2009 • NCRS Top Flight • 1972 Convertible • Regional
September 16-20, 2009 • NCRS Nomination for Bowtie • 1972 Convertible • Regional

October 10, 2009 • NCRS Second Flight • 1961 Fuelie RPO-687 • Chapter
October 10, 2009 • NCRS Top Flight • 1993 ZR1 • Chapter
October 10, 2009 • NCRS Bowtie Display • 1969 L88 Green • Chapter
October 15-17, 2009 • NCRS Top Flight • 1964 White Coupe • Regional
October 15-17, 2009 • NCRS Performance Verification • 1972 Convertible • Regional
October 15-17, 2009 • NCRS Bowtie Display • 1969 L88 Green • Regional

November 20-21, 2009 • Corvette Nationals L88 Invitational • 1968 L88 Red • National
November 20-21, 2009 • Corvette Nationals L88 Invitational • 1968 L88 Blue • National
November 20-21, 2009 • Corvette Nationals L88 Invitational • 1969 L88 Green • National
November 20-21, 2009 • Corvette Nationals Triple Diamond Award • 1972 Convertible • National
November 20-21, 2009 • Corvette Nationals Concours Gold Certified • 1968 L88 Red • National
November 20-21, 2009 • Corvette Nationals Concours Silver Certified • 1968 L88 Blue • National
November 20-21, 2009 • Corvette Nationals Concours Silver Certified • 1969 L88 Green • National

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3rd Annual Corvette Market Seminar…

Wednesday, December 9th, 2009

will be held at the Barrett-Jackson Auction on Thursday, January 21st, 2010 from 9:00am to 11:00am. This year Corvette Market Magazine welcomes two new panelists, Mike Yager of Mid America Motorworks and Terry Michaelis of ProTeam Corvette along with returning panelists David Burroughs of Bloomington Gold, Roy Sinor of NCRS, Michael Pierce of NCRS, Kevin Mackay of Corvette Repair, and Jim Jordan of County Corvettes.

- This group of panelists represent an unmatched level of knowledge, experience, and expertise in the world of collectible Corvettes.

- Admittance will be free for Barrett-Jackson consignors and bidders, Corvette Market and Sportscar Market subscribers, and owners of Bloomington Gold certified cars. Corvette Market Magazine is working on a co-promotional relationship with NCRS, and if achieved, then NCRS members will be admitted free as well.

- Under consideration are two sessions, the first dealing with restoration and preservation and the second with current market values.

- For more information, go to CorvetteMarket.com/2010seminar

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Celebrity Pick at Carlisle…

Tuesday, September 8th, 2009

It was an honor to be asked to be a celebrity judge at the recent Corvettes at Carlisle show and the choice was a hard one considering there were about 3,000 Corvettes to choose from. After walking row after row of mostly C4, C5, and C6’s or restored C1’s, C2’s, and C3’s, I came across an original, unrestored, unmolested black 1963 coupe that was in excellent condition making his decision, finally, easy!!! Congratulations to Jeff and Angela Boldosser for preserving a great original car and sharing it with almost 60,000 attendees at one of North America’s premier Corvette shows.

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Shelby Cobra Brings $7.25 Million…

Tuesday, September 8th, 2009

At Mecum’s inaugural Monterey, Ca. event, the storied 1965 Daytona Shelby Cobra Coupe established a new standard by which all future classic car sales will be set. Racing’s crown jewel and Carroll Shelby’s capstone went for $7.25 million. This car was one of the six purpose built by Shelby as Ferrari killers. This particular car, CSX2601, clinched the 1965 World Manufacturers Championship and Shelby American in France each with legendary driver Bob Bondurant at the wheel. The  sale of this car has added to a ripple effect of cars with historic provenance coaxing the classic car market back to life. These auctions, car shows, cruise-ins, and Saturday afternoon’s in the driveway remind us all that no one regrets investing in a great classic car. This Shelby Cobra may just bring sexy back to American muscle. Email: terry@proteamcorvette.com

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Collector Cars Earn Higher Rate of Return than Stocks and Gold

Wednesday, November 26th, 2008

Scottsdale, Az. — Turns out the guy driving that 1967 Shelby GT500 as an enthusiast has the side benefit of being a smart investor. Leading into the Barrett-Jackson Auction Company’s inaugural event in Las Vegas, the collector car auction house reported that many of the top cars sold have performed better in value than the stock market and gold over the last 10 years.

“Though most people buy a collector car to enjoy, they have also proven to be one of the soundest investment vehicles in the global marketplace over the past 10 years,” said Craig Jackson, Chairman and CEO of Barrett-Jackson. “It’s rare that a hobby and someone’s passion has the potential of being a great investment.”

The Barrett-Jackson mini-index (see chart below) was created in 2003 and consists of representative cars that reflect the diversity seen in the collector car market. These cars span from 1957 to 1970 and are primarily European and American sports cars and U.S. muscle cars. The cars used in the index are the 1957 Thunderbird, 1967 Jaguar XKE, 1967 Shelby GT500, 1970 Camaro Z/28, 1970 AAR ‘Cuda, 1965 Austin Healy MK III and a 1967 Corvette 427/435. According to the data released today, the value of the cars in the Barrett-Jackson mini-index grew by a compounded annual growth rate of 16 percent from Q1 1998 to Q1 2008, which included economic and political upheaval stemming from major events ranging from the Invasion of Iraq, the Dot Com bubble crash, and 9/11. During that same period, the Dow Jones Industrial Average (DJIA) grew a compounded 5 percent annually while the S&P 500 Index grew 4 percent. The price of gold grew a compounded 11 percent in the same period.

“These numbers paint a vivid picture of the intrinsic value and growth of the collector car market,” said Steve Davis, President of Barrett-Jackson. “A financial analyst will tell you that every market has year-to-year fluctuations, but that the true measure is performance over time. We’re proud to be part of that great performance of the collector car market and we believe our expansion this week into Las Vegas will reinforce the view that collector cars are not only our consumers’ passion but offer the potential of providing long-term value. Most enthusiasts like me take great solace that as a car collector, we own tangible assets that have not only stood up to the test of time in value, but can also be driven and enjoyed.”

“With all the turbulence in the current capital markets, we are pleased with our key economic indicators for this event. Tickets sales have been strong, our Las Vegas consignment slots were sold out a month ago, and bidder registration has exceeded our expectations. Bidder interest and registration have not waned despite the negative news coming from Wall Street.”

About The Barrett-Jackson Auction Company: Established in 1971 and headquartered in Scottsdale, Ariz., Barrett-Jackson specializes in providing products and services to classic and collector car owners, astute collectors and automotive enthusiasts around the world. The company produces the “World’s Greatest Collector Car Eventsâ„¢” in Scottsdale, Palm Beach, Fla. and Las Vegas. For more information about Barrett-Jackson, visit www.barrett-jackson.com or call (480) 421-6694.

Media Contact: Scott Black at sblack@tprm-usa.com or (214) 566-6458 (www.tprm-usa.com)

Barrett-Jackson Average Return 

Posted in Corvette Buying 101, Corvette Market | 1 Response »
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Documentation and your old Corvette

Wednesday, May 28th, 2008

What is Documentation: Documentation is generally referred to as factory and dealer delivery paperwork, ie: window sticker, tank sticker, shipper copy, warranty book/protecto-plate, dealer invoice, dealer bill of sale, owners manual packet.

Fact one: Most older (1953 to 1981) Corvettes do not have any form of documentation. A Corvette with documentation is the anomaly!

Fact Two: Bloomington Gold and NCRS judges do not judge documentation and documentation is not required to have your Corvette judged, other than a title and proof of insurance. These judges are generally quite experienced and judge by a standard and that standard I refer to as “The Duck Test” being; If it looks like a duck, walks like a duck, and quacks like a duck… it most likely is a duck!!! Sometimes the evidence of the “The Duck Test” is so overwhelming, especially when performed by the truly experienced, it replaces the real need for documentation (paperwork).

Fact Three: Sadly, the unreasonable and silly thinking that a Corvette without documentation has little value has created a covert cottage industry of entities and/or persons that make/print/create fake aged documentation.

Caveat Emptor: If documentation is a requirement leading to your purchase of an older Corvette, please hire an expert to affirm that the documentation is, in fact, real and not something that was generated to feed that silly notion that a Corvette must have documentation.

Who to contact for documentation affirmation: CCAS (Classic Corvette Legitimacy Affirmation, LLC), 318 Summit Str., Boonville, NY 13309, ccas4@aol.com
 CCAS, LLC will evaluate certain specific forms of documentation by personal inspection. Please inquire for details. 

Author: Terry Michaelis, terry@proteamcorvette.com

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Importance for Collectibility and Value…

Tuesday, April 29th, 2008

What is your importance criteria for future collectibility and value when considering the purchase of a Corvette? Here is my thought provoking list and not necessarily in order of importance and I guess it would depend on whether the car was a. restored, b. a driver, or c. unrestored/original:
1. title,
2. VIN Tag Matches Title,
3. VIN tag attachments,
4. body/trim tag (original),
5. numbers match (original engine),
6. numbers match (restoration engine),
7. correct body color,
8. correct interior color,
9. cosmetics/condition,
10. damage free body,
11. gaps on moveable body parts,
12. rust-free chassis,
13. options,
14. documentation,
15. price,
16. value (getting what you pay for).

If I overlooked an item of importance, please email me at: terry@proteamcorvette.com

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Terry’s B-List (The Affordables)

Friday, March 21st, 2008

1955 V-8 • 700 produced (7 Blue Flame Six; 693 with V-8’s) • values $125K to $350K
1957 Fuelie • 1,040 produced (RPO-684 HD racing suspension, 51 produced; RPO-579E air box, 43 produced) • value $250K up on the RPO-684/579E
1958-’62 Fuelies • RPO 684 + RPO 687 HD brakes + suspension; 884 produced in all 5 years/177 per year • value $150K up (1958 RPO-684 are very special and more expensive)
1958-’61 Dual Four • 245 hp and 270 hp • value $100K up
1963 Fuelie Split Window • 1,300 prox. produced • value $100K up
1965 Fuelie • last year fuelie (771 produced) • value $100K up
1965 396-425 hp • first/last year for the 396 (only 2,157 produced) • value $100K up (M-22 adds $150K to $250K)
1966 427-425 hp • 5,258 produced • #2 in top 40 fastest muscle car list • value $100K up • 15 M-22 produced (adds $150K to $250K)
1967 435 hp • 3,754 produced (popular then/popular now) • colors & documentation is important & rare • value $150K up
1963-’67 Tanker • 63 ’63’s produced, 38 ’64’s produced, 41 ’65’s produced, 66 ’66’s produced, 2 ’67’s produced • values range $125K up • ’63’s are hot and just try to find a ‘67 (probably $500K to $1 million)
1967 400 hp/air/convt. • colors & documentation is important • value $150K up
1968/69 L-89 • 624 1968’s/390 1969’s produced with aluminum head option • value $150k up
1968/69 435 hp • 2,898 (‘68) 2,722 (‘69) produced • colors/documentation adds a lot • values $100K up
1970 LT-1 • 1,287 produced • value $60K up
1971 LT-1 • 1,949 produced • value $60K up
1972 LT-1 • 1,741 produced • value $60K up • add air and price soars especially convertibles (less than 50)

footnotes:
A) must be the real deal… not fakes or frauds
B) Colors (Black) adds a lot… must be real factory original body/trim tag
C) Original documentation, history, and Bloomington/NCRS show awards adds a lot,br>
D) Original rare options adds a lot (set of Kelsey bolt-on wheels and red stripe tires sold on eBay in ‘07 for $33K)
E) Original, unrestored in excellent condition adds a lot.
condition based on #1 or #2
F) Caveat Emptor (Buyer Beware). We are adrift in a sea of sharks disguised as mermaids.
G) When it is time to sell… be a smart seller. High-profile events like the Barrett-Jackson and Mecum Muscle Car auctions will get you more money for your car than newspaper and trade publication advertisements. Plan ahead if you’re considering selling your baby: seek good lot numbers (pay a premium if you must) and baby-sit your car during the event to answer questions and show pride in your car – it is a reflection of you, and people simply pay more if they like the seller.
A-E) Equals an overall package and desirables.

Much of information is based on writer’s personal knowledge and prices achieved at high profile public auctions.

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Terry’s A-List (When money is no object)…

Friday, March 7th, 2008

1963 GRAND SPORT • 5 produced • value $6 million and up (good luck)… none for sale
1969 ZL1 • 2 produced • value $3 million and up (good luck)… none for sale
1967 L-88 • 20 produced • value $1.5 million and up (good luck)… none for sale
1968/69 L-88 • 196 produced • value $350K to $750K (They are out there)
1971 ZR2 • 12 produced • value $350K to $650K (4 known to exist)
1967 L-89 • 16 produced • value $450K to $750K (few known to exist)
1953 BLUE FLAME • 300 produced • value $300K to $500K (VIN 003 sold for $1 million; VIN 005 sold $850K)
1963 Z06/TANKER • 63 produced • value $275K to $400K (add for race history)
1970-’72 ZR1 • 53 produced • value $125K to $200K (few exist)
1971 LS6 • 188 produced • value $125K to $200K (not hard to find)

footnotes:
A) must be the real deal… not fakes or frauds
B) Colors (Black) adds a lot… must be factory original body/trim tag
C) Original documentation, history, and Bloomington/NCRS show awards adds a lot
D) Original rare options adds a lot (set of Kelsey bolt-on wheels & red stripe tires sold on eBay in ‘06 for $33K)
E) Original, unrestored in excellent condition adds a lot.
F) Caveat Emptor (Buyer Beware). We are adrift in a sea of sharks disguised as mermaids.
G) When it is time to sell… be a smart seller. High-profile events like the Barrett-Jackson and Mecum Muscle Car auctions will get you more money for your car than newspaper and trade publication advertisements. Plan ahead if you’re considering selling your baby: seek good lot numbers (pay a premium if you must) and baby-sit your car during the event to answer questions and show pride in your car – it is a reflection of you, and people simply pay more if they like the seller.
A-E Equals an overall package and desirables.

Much of information is based on writer’s personal knowledge and prices achieved at high profile public auctions.

Posted in Classic Corvettes, Corvette Buying 101, Corvette Historical Facts, Corvette Market, Corvette Top Tens | 2 Responses »
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