Up until February when I bought my 72 K5, there weren’t a lot of Blazers on the market (east of the Miss) that were in great shape / restored - for the market price I was targeting. Sure, there have been 10-15 Blazers on the market nationally for the past year for about $60k or more, and I believe none of them are resto mods. Most are from dealers or restoration shops...
It seemed like right after I bought mine, the Blazer’s vehicle rating at Hagerty must have jumped because I started seeing about 20 more listings on eBay for 69-72 Blazers, restored or not... it just seemed like a Hagerty Hot Car List was updated and all those owners thought there would be a buying frenzy. There are so many of those Blazers still for sale on eBay, and some are way overpriced. I’m guessing that it’s not a sellers market just yet.
I agree that a 4” lift is about all most would want on a restored or modified Blazer. Not everyone has an 8’ tall garage, otherwise they’d be more in demand. When I found mine, I knew I wasn’t going to find another one down the street that wasn’t a 6” lift, but I’d been looking for 2-3 years for “the right one”. It was tastefully done in a way that still looks original.
Depending on options, such as color (in my book, it’s most important), you’ll see better value. Black with Houndstooth is a nice looking Gen 1. I will say this, when I showed the pic of the Blazer to my girlfriend, she liked the color of 1980 Dark Blue Metallic, and that’s the only approval I needed to buy it. She knew I wasn’t going to stop looking for one.
Blazers are for those who gravitate towards them and know what they are getting into, not necessarily to collect per se. When you go to the car shows and roll up with the top off and the headers open, will that be enough attention? That’s the big sell in the Blazers. If I had a resto mod with a full roll bar, I’d take it to Silver Lake for a run.
I love having the convertible top... the alternatives (early Broncos and Scouts) are few and far between - everyone else who can’t get one ends up owning a JK or JL. I’m glad mine still makes a JL with 37” tires look small.
https://imgur.com/gallery/ErcWXSC
... and Chevy sure did shit the bed calling the new family vehicle a “Blazer”. If they made a version like the original to compete with Wranglers, they’d have done well.