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Auction Results: Bloomington Gold Totals $8.2 Million in Corvette Sales

by Keith Cornett on June 25, 2007

The Roby Price 1967 Corvette ConvertibleWith the release of the Bloomington Gold Auction Results from Mecum Auctioneers, we getting some interesting insight into what may be happening with the Corvette Market. 295 Corvettes crossed the auction block during the three day auction weekend, with 145 being sold for a total of $8.2 million in Corvette Sales. That is a 49% sales success rate for the 2007 Gold Auction. Comparing this year’s Gold auction to the 2006 Auction, we see declines in total cars available (295 vs 344), Sales totals ($8.2 million vs $10.4 million) and percentage sold (49% vs 56%). Okay, Keith. So what does that mean? It means that we may finally be moving back to an enthusiast-driven market, where Corvettes are being bought to be driven, instead of the Collector Market, where Corvettes are bought to be stored. Drivers almost always sell for less than trailer queens, which brings down the prices you see at auctions. A higher percentage of cars that don’t reach reserves and therefore don’t sell tell you that sellers were holding out for prices that didn’t materialize. So this may be a slightly simplistic view of what’s happening to the overall Corvette market, but it does fit with some of the indicators we’ve seen and heard. I am a believer in trends so we’ll have to see if this continues with auctions that deal primarily with Corvettes. But this auction did have Corvettes for the collectors. The top selling Corvette was lot #S67, a 1967 Corvette Convertible called “The Roby Price Car”. The Big Block 427 ci/435 hp Corvette carries a Bloomington Gold certificate and was part of the Special Collection back in 1991. It is one of the best documented 1967 Corvettes in existence, with Top Flight Awards in 1989, 2002 and 2003. The Corvette sold for $467,250 with commission. The second highest-selling Corvette at the auction was a Riverside Red 1963 Corvette Coupe Z06 which sold for $367,500. This Corvette is 1 of 199 Z06 Coupes made in 1963 and has the rare (1 in 63) Big Tank option. There was another 1963 Corvette Z06 that sold for only $139,650. However, there was no write-up available on the Mecum site for this Corvette, and chances are it wasn’t a tanker like the other Z06. The two 1953 Corvettes also did very well, maintaining the pricing trend we’ve seen over the last year. Lot #S91, Chassis #107, has a Bloomington Gold certificate and has just 120 on it since restoration. It sold for $296,625. Lot #S53, which sold for $283,500 is Chassis #210 and has been housed in a climate controlled garage with the same owner for the last 13 years. Here are the SOLD results from the 2007 Bloomington Gold Auction:

Lot # Year Description Color Sales Price
S531953Chevrolet CorvetteWhite$283,500
S911953Chevrolet CorvetteWhite$296,625
S541954Chevrolet CorvetteBlue$87,675
S551955Chevrolet CorvetteBlue$178,500
F751956Chevrolet CorvetteRed$40,163
S321957Chevrolet CorvetteRed$152,250
S1171957Chevrolet CorvetteRed$76,650
S1251957Chevrolet Corvette FuelieRed$157,500
S1421957Chevrolet CorvetteBlack$110,250
U561957Chevrolet CorvetteGreen$53,550
F711959Chevrolet CorvetteSapphire$68,250
S431959Chevrolet CorvetteRed/White$82,950
S1391959Chevrolet CorvetteRed$30,975
S351960Chevrolet CorvetteBlue$102,375
S971960Chevrolet CorvetteBlue/White$57,750
F201961Chevrolet CorvetteRed/White$45,150
F691961Chevrolet CorvetteBlue$46,725
S611961Chevrolet CorvetteBlack/Silver$84,000
F1131962Chevrolet CorvetteRed$47,250
S4.11962Chevrolet CorvetteRed$40,950
S221962Chevrolet CorvetteRed$35,700
S371962Chevrolet CorvetteRed$49,350
S621962Chevrolet CorvetteBeige$91,875
S711962Chevrolet CorvetteWhite$85,050
S861962Chevrolet CorvetteRed$56,700
F791963Chevrolet CorvetteTan$56,175
F921963Chevrolet CorvetteBlue$45,675
S201963Chevrolet CorvetteBlack$92,925
S471963Chevrolet CorvetteBlue$50,925
S631963Chevrolet Corvette Z06Red$367,500
S1021963Chevrolet CorvetteRed$54,338
S1221963Chevrolet Corvette Z06Red$139,650
F651964Chevrolet CorvetteWhite$43,050
U451964Chevrolet CorvetteRed$39,375
F351965Chevrolet CorvetteRed$64,050
F1451965Chevrolet CorvetteRed$40,950
F1511965Chevrolet CorvetteYellow$60,900
S231965Chevrolet CorvetteRed$48,825
S61.11965Chevrolet CorvetteGreen$60,375
S651965Chevrolet CorvetteBlack$59,850
F451966Chevrolet CorvetteMaroon$46,200
F661966Chevrolet CorvetteBlue$46,200
F911966Chevrolet CorvetteWhite$48,300
F1251966Chevrolet CorvetteBlue$57,225
F1281966Chevrolet CorvetteWhite$53,550
S251966Chevrolet CorvetteRed$92,400
S881966Chevrolet CorvetteRed$48,038
S1321966Chevrolet CorvetteRed$47,250
F71967Chevrolet CorvetteBlack$42,000
F1221967Chevrolet CorvetteSilver$44,625
S71967Chevrolet CorvetteBlue$96,600
S271967Chevrolet CorvetteBlue$131,775
S401967Chevrolet CorvetteSilver/White$111,300
S461967Chevrolet CorvetteYellow$136,500
S481967Chevrolet CorvetteYellow$90,300
S671967Chevrolet CorvetteBlack$467,250
S991967Chevrolet CorvetteSilver$105,000
S1101967Chevrolet CorvetteGreen$61,425
S1121967Chevrolet CorvetteYellow$131,250
S1141967Chevrolet CorvetteSilver$136,500
U121967Chevrolet CorvetteBlack$52,500
F1021968Chevrolet CorvetteRed$21,000
S18.11968Chevrolet CorvetteBlack$73,500
S601968Chevrolet Corvette L-89Maroon$89,250
S681968Chevrolet CorvetteGreen$73,500
S1161968Chevrolet CorvetteSilver$25,200
S1461968Chevrolet CorvetteBlack$40,425
F81969Chevrolet CorvetteGreen$24,150
F91969Chevrolet CorvetteBlack$30,975
F311969Chevrolet CorvetteRed$43,050
F571969Chevrolet CorvetteGold$38,850
F601969Chevrolet CorvetteOrange$24,413
F771969Chevrolet CorvetteWhite$26,250
S24.11969Chevrolet CorvetteYellow$31,500
S391969Chevrolet CorvetteWhite$43,050
S691969Chevrolet CorvetteBlue$85,050
S731969Chevrolet CorvetteBurgandy$97,125
S1251969Chevrolet CorvetteYellow$27,300
S1481969Chevrolet CorvetteRed$40,425
F551970Chevrolet CorvetteRed$32,813
F55.11970Chevrolet CorvetteRed$37,800
S301970Chevrolet CorvetteBlue$27,300
F491971Chevrolet CorvetteBlue$21,000
S191971Chevrolet CorvetteOrange$42,000
S1111971Chevrolet CorvetteYellow$48,300
F441972Chevrolet CorvetteBlue$28,875
F1341973Chevrolet CorvetteOrange$15,225
S1.11973Chevrolet CorvetteRed$17,325
S871973Chevrolet CorvetteGreen$28,875
U421973Chevrolet CorvetteBurgundy$12,495
F511974Chevrolet CorvetteOrange$16,013
F741974Chevrolet CorvetteRed$8,750
F64.11975Chevrolet CorvetteYellow$20,738
F851975Chevrolet CorvetteGreen$8,750
S841975Chevrolet CorvetteWhite$18,638
U461975Chevrolet CorvetteSilver$7,000
U261976Chevrolet CorvetteRed$16,800
F411978Chevrolet CorvetteBlack/Silver$18,900
F541978Chevrolet CorvetteSilver$11,025
F881978Chevrolet CorvetteBlack$8,500
F951978Chevrolet CorvetteSilver$11,288
F1001978Chevrolet CorvetteBlue$28,875
F1111978Chevrolet CorvetteNA$8,700
F371979Chevrolet CorvetteWhite$13,125
F931979Chevrolet CorvettePlatinum$10,763
U151979Chevrolet CorvetteWhite$7,500
U171979Chevrolet CorvetteBeige$8,500
F1521980Chevrolet CorvetteRed$10,763
U191980Chevrolet CorvetteYellow$8,750
F171982Chevrolet CorvetteRed$17,850
F811982Chevrolet CorvetteSilver$30,713
F1331982Chevrolet CorvetteBlue$25,463
U331982Chevrolet CorvetteRed$17,640
F111984Chevrolet CorvetteSilver$5,500
F221984Chevrolet CorvetteBlack$24,150
U161984Chevrolet CorvetteRed$2,050
U181988Chevrolet CorvetteWhite$9,000
U551988Chevrolet CorvetteGrey$9,250
F891989Chevrolet CorvetteNA$11,550
F1051989Chevrolet CorvetteBlack$14,175
F1361989Chevrolet CorvetteWhite$14,700
F761990Chevrolet CorvetteBlack$25,463
S91990Chevrolet Corvette ZR-1Black$60,375
F101991Chevrolet CorvetteBlack$14,175
F231991Chevrolet Corvette ZR-1White$19,950
F821991Chevrolet Corvette ZR-1Red$25,988
S101991Chevrolet Corvette ZR-1Blue$60,375
S211991Chevrolet CorvetteWhite$20,475
S111992Chevrolet Corvette ZR-1White$60,375
F361993Chevrolet Corvette ZR-1Ruby Red$44,625
F1071993Chevrolet CorvetteWhite$18,638
S121993Chevrolet Corvette ZR-1Red$60,375
F251994Chevrolet CorvetteWhite$40,950
F631994Chevrolet CorvetteCopper$17,063
S131994Chevrolet Corvette ZR-1Green$60,375
U591994Chevrolet CorvetteBlue$11,655
S141995Chevrolet Corvette ZR-1Yellow$60,375
F161996Chevrolet CorvetteBlack$12,600
S161996Chevrolet CorvetteNA$34,125
S931996Chevrolet CorvetteBlue$80,850
S1001996Chevrolet CorvetteBlue$68,775
F1371999Chevrolet CorvetteBlue$18,900
U272000Chevrolet CorvetteSilver$111,300
F862007Chevrolet CorvetteYellow$55,620
S41.12007Chevrolet CorvetteBlack$$66,950
         
Total Sales: $8,255,306

Source:
Mecum Auctioneers Related:
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Barrett-Jackson Palm Beach: Corvette Sales Top $6.2 Million
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