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Barrett-Jackson Palm Beach 08: Corvette Sales Top $3.8 Million

by Keith Cornett on March 31, 2008

1964 Corvette Coupe

Barrett-Jackson wrapped up their four day Palm Beach collector car auction and the results have been tabulated: 59 Corvettes sold for $3,861,200. The total doesn’t include a buyer’s commission of 10% as Barrett-Jackson is only reporting the hammer price on their results page.

The top seller of the weekend was a 1958 RestoRod powered by a 1996 LT-4 engine with a 6-speed ZF transmission. The Black/Silver Corvette sold for $155,000 on Saturday. But the big story for the weekend is the strength of the early C3 Corvettes. A 327ci 350hp Rally Red 1968 Corvette roadster sold for $152,000 and in third place at $150,000 was a Cortez Silver 1969 Corvette Coupe with the L71 427/435 engine. Another 1969 Cortez Silver Corvette with a L71 427/435 engine sold for $98,000 while a 1972 LT-1 Corvette hit $92,000.

The weekend wasn’t without its disappointments though. A 1970 LT-1 ZR-1 Corvette sold for just $102,000 despite the fact that only 25 were made. Fuelie prices seemed lower than in previous auctions. A 1960 283/290 FI Convertible sold for $112,000 and a 1962 White Roadster with a 327/360 FI engine fetched $93,000.

Looking at the last few years of the Barrett-Jackson Palm Beach auctions gives us something else to talk about. There were less Corvettes represented than in previous years and therefore the sales totals are less. But we are also seeing a decline in the average prices from year to year. If we adjust this year’s sales figure to include a 10% buyers commission, Corvettes sold for an average of $71,988 in 2008, down from $75,177 in 2007 and $78,970 in 2006.

Here are the full results from the Barrett-Jackson Palm Beach Collector Car Auction:

LOT # YEAR MAKE MODEL PRICE
46 1969 CORVETTE CONVERTIBLE $31,000
47 1965 CORVETTE CONVERTIBLE $63,000
64 1964 CORVETTE COUPE $54,000
98.1 1980 CORVETTE CUSTOM COUPE $10,000
100 1982 CORVETTE COUPE $19,500
312 1982 CORVETTE COUPE $15,500
323 1994 CORVETTE COUPE $19,000
324 1992 CORVETTE COUPE $16,500
331.1 1975 CORVETTE CONVERTIBLE $19,000
340.1 1990 CORVETTE COUPE $44,000
345 1965 CORVETTE CONVERTIBLE $53,000
348 1958 CORVETTE CONVERTIBLE $73,000
348.1 1965 CORVETTE COUPE $73,000
350.1 1968 CORVETTE CONVERTIBLE $152,000
355 1970 CORVETTE CONVERTIBLE $65,000
356 1966 CORVETTE CUSTOM COUPE $70,000
361.1 1963 CORVETTE CONVERTIBLE $80,000
364 1966 CORVETTE CONVERTIBLE $65,000
365 1965 CORVETTE CONVERTIBLE $64,000
370 2000 CORVETTE AVELATE CUSTOM CONVERTIBLE $47,000
372.1 1958 CORVETTE CONVERTIBLE $63,000
385 2004 CORVETTE 88TH INDY 500 OFFICIAL PACE CAR $58,000
385.1 1964 CORVETTE COUPE $100,000
388 1972 CORVETTE CONVERTIBLE LT-1 $92,000
388.1 1972 CORVETTE COUPE $66,000
389 1962 CORVETTE CONVERTIBLE $70,000
394 1964 CORVETTE CONVERTIBLE $71,000
401 1961 CORVETTE CONVERTIBLE $61,000
422 1992 CORVETTE CUSTOM COUPE $17,000
600 1973 CORVETTE COUPE $13,500
609 1988 CORVETTE CONVERTIBLE $16,500
627.1 1978 CORVETTE SILVER ANNIVERSARY PACE CAR $28,000
630 2003 CORVETTE AVELATE CONVERTIBLE $70,000
632 1962 CORVETTE FI CONVERTIBLE $93.000
633.1 1970 CORVETTE COUPE $62,000
636 1967 CORVETTE CONVERTIBLE $66,000
641.1 1959 CORVETTE CUSTOM CONVERTIBLE $80,000
642 1967 CORVETTE CONVERTIBLE $72,000
643 2007 CORVETTE DAYTONA 500 PACE CAR RE-CREATION $64,000
645 1965 CORVETTE COUPE $107,000
646 1969 CORVETTE COUPE $150,000
652 1962 CORVETTE CONVERTIBLE $80,000
655 1957 CORVETTE CONVERTIBLE $90,000
670.1 1970 CORVETTE LT-1 ZR-1 COUPE $102,000
672.1 1960 CORVETTE FI CONVERTIBLE $112,000
678 1966 CORVETTE CONVERTIBLE $112,000
678.1 1961 CORVETTE CONVERTIBLE $118,000
681.1 1965 CORVETTE CUSTOM CONVERTIBLE $92,000
683 1957 CORVETTE CONVERTIBLE $80,000
684 1954 CORVETTE CONVERTIBLE $72,000
685.1 1969 CORVETTE CONVERTIBLE $67,000
688 1958 CORVETTE CUSTOM CONVERTIBLE $155,000
688.1 1969 CORVETTE CONVERTIBLE L71 $98,000
689.3 2007 CORVETTE CUSTOM CONVERTIBLE $67,000
707 1994 CORVETTE COUPE $21,000
908 1985 CORVETTE COUPE $6,700
925 1994 CORVETTE COUPE $20,000
942 1960 CORVETTE CONVERTIBLE $57,000
956 1963 CORVETTE CUSTOM CONVERTIBLE $58,000
         
      TOTAL CORVETTE SALES: $3,861,200

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
[VIDEO] Barrett-Jackson Palm Beach 08: All Time High for 1969 L71 427/435 Corvette
[VIDEO] Barrett-Jackson Palm Beach 08: 1970 Corvette ZR-1 Sells for $102,000
[VIDEO] Friday’s Featured Corvettes: Barrett-Jackson Palm Beach Edition
Barrett-Jackson Palm Beach 2007: Corvette Sales Top $6.2 Million

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