With 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 |
S53 | 1953 | Chevrolet Corvette | White | $283,500 |
S91 | 1953 | Chevrolet Corvette | White | $296,625 |
S54 | 1954 | Chevrolet Corvette | Blue | $87,675 |
S55 | 1955 | Chevrolet Corvette | Blue | $178,500 |
F75 | 1956 | Chevrolet Corvette | Red | $40,163 |
S32 | 1957 | Chevrolet Corvette | Red | $152,250 |
S117 | 1957 | Chevrolet Corvette | Red | $76,650 |
S125 | 1957 | Chevrolet Corvette Fuelie | Red | $157,500 |
S142 | 1957 | Chevrolet Corvette | Black | $110,250 |
U56 | 1957 | Chevrolet Corvette | Green | $53,550 |
F71 | 1959 | Chevrolet Corvette | Sapphire | $68,250 |
S43 | 1959 | Chevrolet Corvette | Red/White | $82,950 |
S139 | 1959 | Chevrolet Corvette | Red | $30,975 |
S35 | 1960 | Chevrolet Corvette | Blue | $102,375 |
S97 | 1960 | Chevrolet Corvette | Blue/White | $57,750 |
F20 | 1961 | Chevrolet Corvette | Red/White | $45,150 |
F69 | 1961 | Chevrolet Corvette | Blue | $46,725 |
S61 | 1961 | Chevrolet Corvette | Black/Silver | $84,000 |
F113 | 1962 | Chevrolet Corvette | Red | $47,250 |
S4.1 | 1962 | Chevrolet Corvette | Red | $40,950 |
S22 | 1962 | Chevrolet Corvette | Red | $35,700 |
S37 | 1962 | Chevrolet Corvette | Red | $49,350 |
S62 | 1962 | Chevrolet Corvette | Beige | $91,875 |
S71 | 1962 | Chevrolet Corvette | White | $85,050 |
S86 | 1962 | Chevrolet Corvette | Red | $56,700 |
F79 | 1963 | Chevrolet Corvette | Tan | $56,175 |
F92 | 1963 | Chevrolet Corvette | Blue | $45,675 |
S20 | 1963 | Chevrolet Corvette | Black | $92,925 |
S47 | 1963 | Chevrolet Corvette | Blue | $50,925 |
S63 | 1963 | Chevrolet Corvette Z06 | Red | $367,500 |
S102 | 1963 | Chevrolet Corvette | Red | $54,338 |
S122 | 1963 | Chevrolet Corvette Z06 | Red | $139,650 |
F65 | 1964 | Chevrolet Corvette | White | $43,050 |
U45 | 1964 | Chevrolet Corvette | Red | $39,375 |
F35 | 1965 | Chevrolet Corvette | Red | $64,050 |
F145 | 1965 | Chevrolet Corvette | Red | $40,950 |
F151 | 1965 | Chevrolet Corvette | Yellow | $60,900 |
S23 | 1965 | Chevrolet Corvette | Red | $48,825 |
S61.1 | 1965 | Chevrolet Corvette | Green | $60,375 |
S65 | 1965 | Chevrolet Corvette | Black | $59,850 |
F45 | 1966 | Chevrolet Corvette | Maroon | $46,200 |
F66 | 1966 | Chevrolet Corvette | Blue | $46,200 |
F91 | 1966 | Chevrolet Corvette | White | $48,300 |
F125 | 1966 | Chevrolet Corvette | Blue | $57,225 |
F128 | 1966 | Chevrolet Corvette | White | $53,550 |
S25 | 1966 | Chevrolet Corvette | Red | $92,400 |
S88 | 1966 | Chevrolet Corvette | Red | $48,038 |
S132 | 1966 | Chevrolet Corvette | Red | $47,250 |
F7 | 1967 | Chevrolet Corvette | Black | $42,000 |
F122 | 1967 | Chevrolet Corvette | Silver | $44,625 |
S7 | 1967 | Chevrolet Corvette | Blue | $96,600 |
S27 | 1967 | Chevrolet Corvette | Blue | $131,775 |
S40 | 1967 | Chevrolet Corvette | Silver/White | $111,300 |
S46 | 1967 | Chevrolet Corvette | Yellow | $136,500 |
S48 | 1967 | Chevrolet Corvette | Yellow | $90,300 |
S67 | 1967 | Chevrolet Corvette | Black | $467,250 |
S99 | 1967 | Chevrolet Corvette | Silver | $105,000 |
S110 | 1967 | Chevrolet Corvette | Green | $61,425 |
S112 | 1967 | Chevrolet Corvette | Yellow | $131,250 |
S114 | 1967 | Chevrolet Corvette | Silver | $136,500 |
U12 | 1967 | Chevrolet Corvette | Black | $52,500 |
F102 | 1968 | Chevrolet Corvette | Red | $21,000 |
S18.1 | 1968 | Chevrolet Corvette | Black | $73,500 |
S60 | 1968 | Chevrolet Corvette L-89 | Maroon | $89,250 |
S68 | 1968 | Chevrolet Corvette | Green | $73,500 |
S116 | 1968 | Chevrolet Corvette | Silver | $25,200 |
S146 | 1968 | Chevrolet Corvette | Black | $40,425 |
F8 | 1969 | Chevrolet Corvette | Green | $24,150 |
F9 | 1969 | Chevrolet Corvette | Black | $30,975 |
F31 | 1969 | Chevrolet Corvette | Red | $43,050 |
F57 | 1969 | Chevrolet Corvette | Gold | $38,850 |
F60 | 1969 | Chevrolet Corvette | Orange | $24,413 |
F77 | 1969 | Chevrolet Corvette | White | $26,250 |
S24.1 | 1969 | Chevrolet Corvette | Yellow | $31,500 |
S39 | 1969 | Chevrolet Corvette | White | $43,050 |
S69 | 1969 | Chevrolet Corvette | Blue | $85,050 |
S73 | 1969 | Chevrolet Corvette | Burgandy | $97,125 |
S125 | 1969 | Chevrolet Corvette | Yellow | $27,300 |
S148 | 1969 | Chevrolet Corvette | Red | $40,425 |
F55 | 1970 | Chevrolet Corvette | Red | $32,813 |
F55.1 | 1970 | Chevrolet Corvette | Red | $37,800 |
S30 | 1970 | Chevrolet Corvette | Blue | $27,300 |
F49 | 1971 | Chevrolet Corvette | Blue | $21,000 |
S19 | 1971 | Chevrolet Corvette | Orange | $42,000 |
S111 | 1971 | Chevrolet Corvette | Yellow | $48,300 |
F44 | 1972 | Chevrolet Corvette | Blue | $28,875 |
F134 | 1973 | Chevrolet Corvette | Orange | $15,225 |
S1.1 | 1973 | Chevrolet Corvette | Red | $17,325 |
S87 | 1973 | Chevrolet Corvette | Green | $28,875 |
U42 | 1973 | Chevrolet Corvette | Burgundy | $12,495 |
F51 | 1974 | Chevrolet Corvette | Orange | $16,013 |
F74 | 1974 | Chevrolet Corvette | Red | $8,750 |
F64.1 | 1975 | Chevrolet Corvette | Yellow | $20,738 |
F85 | 1975 | Chevrolet Corvette | Green | $8,750 |
S84 | 1975 | Chevrolet Corvette | White | $18,638 |
U46 | 1975 | Chevrolet Corvette | Silver | $7,000 |
U26 | 1976 | Chevrolet Corvette | Red | $16,800 |
F41 | 1978 | Chevrolet Corvette | Black/Silver | $18,900 |
F54 | 1978 | Chevrolet Corvette | Silver | $11,025 |
F88 | 1978 | Chevrolet Corvette | Black | $8,500 |
F95 | 1978 | Chevrolet Corvette | Silver | $11,288 |
F100 | 1978 | Chevrolet Corvette | Blue | $28,875 |
F111 | 1978 | Chevrolet Corvette | NA | $8,700 |
F37 | 1979 | Chevrolet Corvette | White | $13,125 |
F93 | 1979 | Chevrolet Corvette | Platinum | $10,763 |
U15 | 1979 | Chevrolet Corvette | White | $7,500 |
U17 | 1979 | Chevrolet Corvette | Beige | $8,500 |
F152 | 1980 | Chevrolet Corvette | Red | $10,763 |
U19 | 1980 | Chevrolet Corvette | Yellow | $8,750 |
F17 | 1982 | Chevrolet Corvette | Red | $17,850 |
F81 | 1982 | Chevrolet Corvette | Silver | $30,713 |
F133 | 1982 | Chevrolet Corvette | Blue | $25,463 |
U33 | 1982 | Chevrolet Corvette | Red | $17,640 |
F11 | 1984 | Chevrolet Corvette | Silver | $5,500 |
F22 | 1984 | Chevrolet Corvette | Black | $24,150 |
U16 | 1984 | Chevrolet Corvette | Red | $2,050 |
U18 | 1988 | Chevrolet Corvette | White | $9,000 |
U55 | 1988 | Chevrolet Corvette | Grey | $9,250 |
F89 | 1989 | Chevrolet Corvette | NA | $11,550 |
F105 | 1989 | Chevrolet Corvette | Black | $14,175 |
F136 | 1989 | Chevrolet Corvette | White | $14,700 |
F76 | 1990 | Chevrolet Corvette | Black | $25,463 |
S9 | 1990 | Chevrolet Corvette ZR-1 | Black | $60,375 |
F10 | 1991 | Chevrolet Corvette | Black | $14,175 |
F23 | 1991 | Chevrolet Corvette ZR-1 | White | $19,950 |
F82 | 1991 | Chevrolet Corvette ZR-1 | Red | $25,988 |
S10 | 1991 | Chevrolet Corvette ZR-1 | Blue | $60,375 |
S21 | 1991 | Chevrolet Corvette | White | $20,475 |
S11 | 1992 | Chevrolet Corvette ZR-1 | White | $60,375 |
F36 | 1993 | Chevrolet Corvette ZR-1 | Ruby Red | $44,625 |
F107 | 1993 | Chevrolet Corvette | White | $18,638 |
S12 | 1993 | Chevrolet Corvette ZR-1 | Red | $60,375 |
F25 | 1994 | Chevrolet Corvette | White | $40,950 |
F63 | 1994 | Chevrolet Corvette | Copper | $17,063 |
S13 | 1994 | Chevrolet Corvette ZR-1 | Green | $60,375 |
U59 | 1994 | Chevrolet Corvette | Blue | $11,655 |
S14 | 1995 | Chevrolet Corvette ZR-1 | Yellow | $60,375 |
F16 | 1996 | Chevrolet Corvette | Black | $12,600 |
S16 | 1996 | Chevrolet Corvette | NA | $34,125 |
S93 | 1996 | Chevrolet Corvette | Blue | $80,850 |
S100 | 1996 | Chevrolet Corvette | Blue | $68,775 |
F137 | 1999 | Chevrolet Corvette | Blue | $18,900 |
U27 | 2000 | Chevrolet Corvette | Silver | $111,300 |
F86 | 2007 | Chevrolet Corvette | Yellow | $55,620 |
S41.1 | 2007 | Chevrolet Corvette | Black | $$66,950 |
Total Sales: | $8,255,306 |
Source:
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Corvette | Auction | Bloomington
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