Quote:
Originally Posted by Tommy
Over on the old Corvette forum, a few weeks ago a guy caused a minor uproar by announcing that he had given up on buying a mid-60s Corvette in favor of a new Superformance. As you might expect, the Corvette loyalists questioned his judgement and dedication to the marque. He explained that he thought the 1963-67 Corvettes were overpriced (for what you got) and the Superformance offered better quality, performance and street appeal for the dollars spent. I agreed with his basic rationale but reminded him of one thing. The value of an item is largely determined by supply and demand. The supply of mid-60s Corvettes is fixed, so the value is determined solely by demand. The supply of Cobra replicas is increasing and, as long as demand is sufficient, builders will continue to make them. That means it is unlikely their values will increase significantly as they do with collectible cars. .... Cobra replicas are great fun to drive, but I can't see the value of cars that are still being made and sold increasing like the original Cobras of the 1960s.
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Yeah - if that was the C1-C2 forum I think I remember that. I ended up weighing in on the defense of the quality and performance of a lot of Cobra replicas. But, I've owned a 66 Vette for over 25 years and buying one these days is a very risky proposition for the money involved. They are all advertised as "never hit", original motor", "perfect restoration or survivor quality" and priced accordingly - and they probably are not at least 95% of the time. Lots of hidden issues and scams especially if you are not almost a Corvette expert.