We got the auction results from last month’s Corvettes at Carlisle auction and despite the fact the auction was held on Friday and featured a sales success rate of just 36%, I am going to take a “glass is half full” approach. For the collector with less than deep pockets, the first time Corvette buyer or an enthusiast looking for a decent quality driver, the auction at Corvettes at Carlisle may just be the place to buy your next Corvette.
First the specifics: The auction at Corvettes at Carlisle is not what it once was in year’s past. Since the auction was moved in-house last year, itâ€™s been reduced to a one-day event, and this year it was held on Friday of all days. 80 Corvettes crossed the block and 29 sold, earning a sales success rate of 36%. The 29 Corvettes totaled $731,050 in sales. Although these numbers are comparable to 2007’s auction, total sales were down almost $244,000 from last year’s $974,950.
In an attempt to shake up the auction landscape, Carlisle made some changes this year benefiting both sellers and buyers by offering free consignment as well as waiving bidder registration fees. The fact that Corvettes aren’t selling at Carlisle like the rates of other primarily Corvette auctions is just as much related to seller expectations as to the current market: Sellers are holding on to cars and may be waiting for better times and many buyers are primarily searching for a deal and passing on anything else. The simple fact is that it takes two to move a Corvette at an auction, a motivated seller and a buyer with cash in hand.
But as I look down the list of cars that did sell at this year’s event, I am seeing what appears to be some pretty good deals. So it just may be that auction at Corvettes at Carlisle could very well turn into the enthusiast auction where decent cars are sold for a fair price. Call it the anti-Barrett-Jackson auction. So let’s take a look at some of the cars that did sell.
The top seller was a 1967 Corvette Convertible with a 427/390 hp engine and a close ratio 4-speed transmission. Red with a black top and black stinger hood, this Corvette gets an A in curb appeal. Documented with owner history and the original Protect-O-Plate, this big block sold for $86,500. Well bought and sold.
Looking for a unique piece of history? How about a Supercharged 1954 Roadster. This Corvette features one of less than two dozen McCulloch supercharged engines produced in 1953/54. McCulloch cars are identified by the “SUPERCHARGED” script on the front about the Corvette emblem. This Corvette had some wear, but for the collector looking for something a bit different, $65,000 was enough to take this cool little roadster home.
Finally, the late Chip Miller’s personal 1994 Corvette ZR-1 was offered up by his son Lance at no reserve. This exceptional Polo Green Metallic Corvette ZR-1 is number 200 of only 448 produced in 1994 and features just 11,700 miles. Chip loved the ZR-1 for its unique LT-5 engine which all but guaranteed collectibility in future years. The Corvette was sold for $30,000. Again, this was a great price for a Corvette owned by one of the giants in the hobby.
Here are the full results from the 2008 Corvettes at Carlisle Auction:
|1963||Corvette||Split Window||High Bid||$75,000|
|1972||Corvette||LT-1 Coupe||High Bid||$32,000|
|1987||Corvette Callaway||Coupe||High Bid||$20,000|
|1989||Corvette Callaway||Coupe||High Bid||$25,000|
|1990||Corvette||ZR-1 Coupe||High Bid||$28,000|