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Auction Results: Barrett-Jackson Las Vegas Tops $3.3 Million in Corvette Sales

by Keith Cornett on October 21, 2008

1968 Corvette Auctioned by Barrett-Jackson

The three day inaugural Barrett-Jackson Las Vegas auction last week shows that despite a poor economy, the buying and selling of Collector Corvettes remains relatively strong. 53 Corvettes were run through the Mandalay Bay auction and a total of $3,348,500 was generated from these sales. However, the weak economy did affect the auction in terms of the types of Corvettes that were offered.

For an auction based in Las Vegas, the list of Corvettes sold reflected the perceived notions we have about the host city. Glitz, glamour…but when you start to look closely, not all are as it seems. Gone from this action was the perennial auction favorite, the 1967 L71 427/435 hp big block. Just one crossed the block and there has been some discussion whether or not this car was “bought-back” by the seller for $150,000. While you could look through the list and find some NCRS certificated cars, many others had non-original motors and no less than 12 were presented as customs or resto-mods. When you break down the sales, average sales price was $63,169 and only 8 of the 53 Corvettes crossed the $100,000 mark.

The top seller of the auction was a 1958 Resto-mod, powered by a C6 LS2 V8, but very stock looking from outward appearances. This Corvette sold for $170,000. Runner up was a Nassau Blue 1966 Corvette Roadster powered by a 427/390 V8. This matching numbers Corvette came complete with documentation and was a NCRS Top Flight in June 2008.

Looking at the sales list we did some apparent bargains, again, dependant on whether or not these Corvettes were what the seller said they were, which is always something you have to question when looking at auction results. A black 1954 Corvette sold for $83,000. With only 4 known black ’54s in existence, the buyer may have the steal of the show. Proteam’s Terry Michaelis gave the camera a thumbs up after buying a 1968 L89 427/435 Corvette Roadster for $66,000. A low mileage original 1968 small block convertible sold for $31,000. And finally, a 1962 Ermine White roadster with a 327/360 fuel injected V8 sold for $64,000. Here is the sold list for the 2008 Barrett-Jackson Las Vegas Collector Car Auction:

LOT # YEAR MAKE/MODEL STYLE SALE
106 1979 CORVETTE COUPE $7,500
139 1968 CORVETTE COUPE $17,500
146 1989 CORVETTE CALLAWAY TWIN-TURBO COUPE $24,500
158 1969 CORVETTE CONVERTIBLE $33,000
164.1 1972 CORVETTE CUSTOM COUPE $33,000
168.1 1968 CORVETTE CONVERTIBLE $31,000
181 1966 CORVETTE COUPE $57,000
187 1967 CORVETTE CONVERTIBLE $50,000
203 1954 CORVETTE CUSTOM CONVERTIBLE $47,000
420.1 1990 CORVETTE ZR-1 COUPE $25,000
421 1973 CORVETTE T-TOP $27,000
428 1973 CORVETTE CONVERTIBLE $29,500
449 1969 CORVETTE CONVERTIBLE $42,500
464.1 1960 CORVETTE CONVERTIBLE $60,000
468 1958 CORVETTE CUSTOM CONVERTIBLE $58,000
471 1964 CORVETTE CONVERTIBLE $49,000
472 1966 CORVETTE COUPE $62,000
478 1965 CORVETTE CONVERTIBLE $62,000
479 1999 CORVETTE 1953 COMMEMORATIVE EDITION $64,000
482.1 1962 CORVETTE CONVERTIBLE $64,000
485 1965 CORVETTE COUPE $75,000
490 1957 CORVETTE CONVERTIBLE $72,000
503 1968 CORVETTE CONVERTIBLE $66,000
505 1961 CORVETTE CONVERTIBLE $80,000
511.1 1966 CORVETTE CUSTOM CONVERTIBLE $50,000
512 1962 CORVETTE CUSTOM CONVERTIBLE $80,000
514 2005 CORVETTE DAYTONA PACE CAR $40,000
514.1 1999 CORVETTE 24 HOURS OF LEMANS PACE CAR $25,000
514.2 1995 CORVETTE INDY PACE CAR #3 $41,000
518 2003 CORVETTE AVELATE CONVERTIBLE $85,000
518.1 1958 CORVETTE CONVERTIBLE $50,000
519.1 1972 CORVETTE COUPE $61,000
520 2000 CORVETTE AVELATE CUSTOM CONVERTIBLE $48,000
524.1 1958 CORVETTE RE-CREATION CONVERTIBLE $115,000
526.1 1966 CORVETTE CONVERTIBLE $52,000
528.1 1969 CORVETTE CUSTOM COUPE $44,000
533.1 1962 CORVETTE RE-CREATION CONVERTIBLE $85,000
721 1993 CORVETTE CONVERTIBLE $34,500
774.1 1962 CORVETTE CONVERTIBLE $77,000
778.1 1962 CORVETTE RESTO-MOD CONVERTIBLE $120,000
785 1954 CORVETTE CONVERTIBLE $50,000
786 1956 CORVETTE CONVERTIBLE $84,000
786.1 1966 CORVETTE COUPE $100,000
788 1958 CORVETTE RESTO-MOD CONVERTIBLE $170,000
794.1 1957 CORVETTE CONVERTIBLE $100,000
795.1 1966 CORVETTE CONVERTIBLE $155,000
807.1 1967 CORVETTE CONVERTIBLE $150,000
818 1955 CORVETTE CONVERTIBLE $102,000
822 1967 CORVETTE CONVERTIBLE $55,000
830 1954 CORVETTE CONVERTIBLE $83,000
832.2 2005 CORVETTE DAYTONA PACE CAR $51,000
833 1999 CORVETTE 24 HOURS OF LEMANS PACE CAR $34,000
833.2 2005 CORVETTE INDY PACE CAR #3 $70,000
         
      Total Corvette Sales: $3,348.000


Source:
Barrett-Jackson Collector Car Auction

Related:
[VIDEO] Auction Results: 1968 Corvette Convertible at Barrett-Jackson Las Vegas
[VIDEO] Auction Results: 1966 Corvette Coupe at Barrett-Jackson Las Vegas
Corvette Auction: Barrett-Jackson’s Inaugural Las Vegas Event

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