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Gus Grissom’s 1967 427 Corvette Sells at Russo & Steele

by Keith Cornett on January 23, 2007

Gus Grissom's 1967 Corvette

A week shy of the 40th anniversary of his death, NASA astronaut Gus Grissom’s beloved 1967 427 Corvette Convertible sold at the Russo and Steele auction in Scottsdale, Arizona for $275,000. Preceeding the sale of the Corvette was a multimedia presentation about Grissom, the first astronaut to fly into space twice and one of the first to die in the US Space Program. The Corvette was listed with no reserve and was sold on Saturday night to a local Arizona resident. A 10% buyer’s commission is included in the sales total.

Interestingly, this is the third auction for the Grissom Corvette in less than a year. The previous owner, Marv Friedman of South Florida, had put up the Corvette on eBay twice last year. The Corvette failed to reach the reserve in each auction with high bids at $375,000 and $310,100 respectively. Marv told me last June that he had an offer upwards of $500,000, but that would have resulted in the Corvette leaving the United States, something he said that he wasn’t prepared to let happen at the time.

The Red Convertible 427 was originally Lynndale Blue when owned by Grissom, and was repainted Rally Red over 25 years ago. Documentation includes a copy of original title, letter from Chevrolet, letter from Betty Grissom, letter from State of Florida and countless newspaper articles, magazines, biography written by Grissom, photographs, and a copy of NASA audio from Grissom’s first space flight, Mercury 4 Liberty Bell 7 patch, etc. The Grissom Corvette is called the most historically documented Corvette ever built that is tied directly to the American Space Program.

Editor’s Note: Originally we listed the sales price at $232,500. That was actually the amount the seller received after the sellers commission was factored. Gavel price was $250,000 and with a buyers commission of 10%, the total sales price was $275,000.


Source:
Russo & Steele

Related:
Gus Grissom’s 1967 Corvette Listed on eBay
Gus Grissom’s 427 Corvette a No-Sale

 

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