GM Heritage Collection - sale

[flyer08]

Originally Posted by ChrisBlair

Mark those calendars!

Prices were expensive but bought my plane tickets

[Cheveey57]

What no Cheetah?

[beany323]

i read or heard on the radio this morning of some location, (dealership or something) closing out .. and auctioning off older cars.

[beany323]

http://www.thetruthaboutcars.com/201...et-collection/

yes?

[BigRedMikeLV]

Originally Posted by beany323

http://www.thetruthaboutcars.com/201...et-collection/

yes?

Ugh, this auction is a ripoff unless you want a black hole to put your money in. Those cars have been improperly stored for almost 20 damn years, so much has to be rotted out at this point.

[fbodfather]

Wow - talk about threads that won't die!

Lambrecht Chevy sale is for real. And some of those cars have been stored for much more than 20 years -- for instance, there are two impalas - one a 1964 -- the other a 1963 -- neither have ever left the building -- they have less than 5 miles apiece -- I'd say those are great collector cars - esp. the '64 -- 3-speed on the column with a V-8.

[Obzen]

Hey guys, bought to head back in time.

Anyone want me to bring anything back?

[MLL67RSSS]

I seem to recall one auction with a bunch of Heritage Collection cars going and halfway through or so they pulled the rest since they were selling for so low, but i can't seem to find the auction.

THE GOOD NEWS!!! I finally found a decent picture of the blown Pro-street '87 Sprint Jon Moss was driving around SUPER CHEVY INDY one year. It was sold at this auction.

[United_727]

Originally Posted by fbodfather

Wow - talk about threads that won't die!

Lambrecht Chevy sale is for real. And some of those cars have been stored for much more than 20 years -- for instance, there are two impalas - one a 1964 -- the other a 1963 -- neither have ever left the building -- they have less than 5 miles apiece -- I'd say those are great collector cars - esp. the '64 -- 3-speed on the column with a V-8.

Pretty amazing pictures on the auction's website. Dont see too many '78 Corvette pacecars still in plastic!! They have a Corvair and early Impala still with the sticker on the window and plastic on the seats.

But who knows how well these cars were stored. Still amazing to see.

[MLL67RSSS]

Really, almost every never titled, no miles, plastic wrap still on everything car I've ever seen were '78 Pace cars. When those "Limited Edition Silver Anniversary Pace Car Corvettes" showed up, AND being the FIRST TIME Corvette had EVER paced the Indy 500 that was the first time I'd ever heard of new "collector" vehicles hyped up and people were buying then in droves and storing them with huge $$$$$ in their eyes. Believe it or not it's said some were going for over 30K.

http://www.vettefinders.com/index.cf...101Story/ID/28

During the late summer of 1977, the word “on the street” was that the Chevrolet Motor Division was given the honor of pacing the Indianapolis 500 race with a Corvette. A special model was to be manufactured, the Limited Edition Corvette Pace Car, in March of 1978 with each Chevrolet dealer being allocated only one Pace Car.

The Pace Car was a limited edition Corvette that included a special serial number for model identification. It was a full option Corvette with black and silver paint, polished aluminum wheels with a red stripe, mirrored glass T-Tops, and a new seat treatment that would not become standard until the 1979 model. An Indianapolis 500 decal kit was included with each model, since this car was designated as the Official Pace Car of the race in 1978.

Early buyers were at their Chevrolet dealers before many of the dealers even knew about the special Pace Car’s pricing or allocation. A few lucky buyers were able to buy below the base list price of $13,653 however, the majority of buyers paid list price or offered to pay a premium for the dealer to write an order for this special Corvette.

The approximate delivery sticker price on the majority of the Pace Cars was $13,800 for the L-48 and $14,300 for the L-82. As the production date neared, word spread that this could become a very collectible Corvette given that each dealer would only be allocated one Pace Car. The final production number reached 6,502.

The Wall Street Journal ran a front-page story on March 27, 1978, reporting the collectible stories of this special Limited Edition Pace Car. At that time, prices went wild – with asking prices frequently in the $20-25,000 range for the L-48 and L-82 automatics, with the L-82 4-speed commanding up to $40,000. Stories and pictures began to appear everywhere; we even recall seeing a Pace Car in a dealer’s showroom with an armored guard watching over this Special Limited Edition!

The market appeared to peak on Memorial Day, the day of the big race at Indy. At that time, the average asking price was well into the $20,000 range. We have noted modest depreciation from the inflated price points reached during the introduction period of the Pace Car. Today, the average price of a 1978 Pace Car is $17,600, which reflects no change from the 2001 pricing. However, many of these Limited Edition Pace Cars are available for sale with little or no miles on them, which make them special buys. It is interesting to note that today’s average prices exceed the window sticker price in 1978!