No F'ing way a running driving clean 1987 GN is worth only $10K. He's also asking $25K in loonies which is <$18K in US dollars.
MAYBE if it were a 1985 that needed work it'd be that cheap.
Here's what Haggerty has to say:
Current Values
- #1 Concours $57,000
- #2 Excellent $42,000
- #3 Good $28,900
- #4 Fair $19,800
That car would take me a weekend to be presentable as a "Good" car. It's a 2 owner with 60,000 miles and from what I've seen from being around this collector car world for the last 30+ years of my life that makes this car pretty desirable. I even think it would take much more to bring it into the realm of excellent. I think this is actually a buy at the asking price if you're willing to hold and store the car for a 2-5 years. The 1987 GN is about as iconic as it gets for 1980s cars. It was the fastest American car of it's day, looks mean as hell and was produced in fairly low numbers. In another 10-15 years as Gen X'rs start reaching retirement age the demand for these cars
should rival what we saw happen with the late 60s and early 70s Big Block muscle cars. The relatively high production numbers are the only thing keeping it from not being one of those "Holy Grail" cars like a 454 SS Chevelle or a CoPo, Yenko you name it special all the old guys get a big hard on for.
Doesn't matter. The market for "collector" cars is guys that look at them in their garage and buy them as "investments". A lot of these guys don't care about the mechanics as long as it's original and low mile and has the fewest number of owners possible ideally 1. That's what they pay for. They don't care if the trans is F'ed or the carb is done or if every seal is rotten. I've seen guys own Cheetahs and Shelby Cobras that were worth deep into the 6 figures that were so fat they could even fit in the car! These type of buyers are very different from those of us who get greasy and build/modify our own stuff. The "elite" car buyer today even gets excited by the dust on the car. It's ridiculous; I know, but that's what's going on in the classic car world. The GN is the first American car of the 80s that has really come into its' own in the last decade or so. When
GNX's sell for $200K that sets the stage for the rest of the field to be pulled up. I've seen it time and time again over the last 20 years. The insanity really began around Y2K with Barrett Jackson getting air time. When COPOs were going for six figures all of a sudden every pile of crap 1st Gen Camaro and big block Chevelle starting selling for $10K+, same thing with the HEMI cars, and then Porsches. I really can't understand the $20K 307 Malibu that a million examples were sold of, but hey that's where the market went, all because someone at one time payed six figures for a Yenko, Nickey or COPO.