A 1970 Pontiac Firebird rebuilt to modern-car standards and hopped up to an astounding 1,200 horsepower sold at the Mecum auction (2014). It went for $87,000, far behind some other cars at the Mecum Chicago Auction.
The 1970 Firebird had been rebuilt with modern components. The 480-cubic-inch Pontiac engine has been rebored for brute power, helped along by twin turbochargers. Altogether, the car spits out 1,200 horsepower, equal to a Bugatti Veyron, according to its owner.
The price seemed like a bargain compared to the other American sports and muscle cars on the block. At midday, the top price-fetchers were a pair of nearly decade-old Ford GTs, both with less than 400 miles on the odometer, that went for $335,000 and $300,000 respectively.
The Pontiac, however, is playing in the hot part of the auction market right now.
As Gen X’ers hit their 40s and have some money to invest in classic cars, many are opting for muscle cars restored with modern parts, so-called “restomods,” says Rick Drewry, senior specialist for collector cars for American Modern, an insurer of collector cars.
“Boomers are starting to exit and Gen X’ers are coming in,” he says.
Restomods are all the rage right now, and with the entry of moneyed Gen-Xers to the collector-car market, there’s no shortage of people willing to pay big money for classic American muscle, even if it’s not original. (Vader didn’t seem to have much use for things in original condition anyway—ask the residents of Alderaan.) No word on how much this Firebird cost to build, but with cars like the Pro Touring Red Devil ’69 Camaro we tested costing about $250K to build, this car can be seen as a screaming bargain. We hope the new owner is driving it like he stole it, because he practically did.
- 480 CI twin turbo Pontiac engine
- Butler block bored to 4.250 inches
- Comp Cams custom hydraulic roller
- Custom billet Visner intake manifold
- Twin 66mm Bullseye turbochargers
- Custom air-to-air intercooler
- Stainless manifolds and custom plumbing
- Custom stainless steel headers
- X pipe and 3 inch Magnaflow mufflers
- Rockland Tranzilla T56 6-speed transmission
- Ram twin disc clutch and Kiesler shifter
- Moser 3.55 12 bolt rear end
- Detroit TrueTrac limited-slip differential
- Wilwood disc brakes and master cylinder
- Hydroboost brake booster
- Detroit Speed upper/lower control arms
- QA1 front coilovers
- Detroit Speed rear 4-link with sway bar
- Custom fabricated steel aero package
- Custom Forgiato Ritorno wheels
- Corbeau Racing bucket seats w/5 point belts
- Competed in Optima Ultimate Street Car Invitational
- Several magazine features worldwide
- Two-time SEMA feature vehicle
- GoodGuys Street Machine of the year competitor