Mecum Collector Car Auctioneers held their muscle car and Corvettes auction in St. Charles, Illinois last month and in spite of the fact the auction was held during turbulent economic times, the results may surprise you. Over half the Corvettes entered were sold and sales topped $1.53 Million. The top selling Corvette of the auction is also the hottest, newest collectible Corvette on the market – the 2009 Corvette ZR1.
73 Corvettes were listed for three day event and 38 were hammered sold for a success rate of 52%. Four Corvettes crossed the $100,000 sales plateau with a brand spankin new red 2009 Corvette ZR1 bringing in $137,500 as the weekend’s top selling Corvette. Second on the list was a Cascade Green 1957 283/283 Fuelie that sold for $115,500. Third and fourth were two factory AC 1967 Corvette roadsters powered by the 427/400 hp L68: The Red/White/Black ’67 Corvette sold for $112,350 and an Elkhart Blue ’67 Corvette with power steering sold for $110,250.
What I find telling is that this auction was held about week into the current financial breakdown which started around September 25th. Despite the gloomy news and daily stock market free falls, over half the Corvettes sold and pricing didn’t really seem to suffer that greatly. From a buyer’s perspective there appeared to be some good deals. A 1970 Coupe went for $13,125 while a 1967 Coupe sold for $35,000. Not being at the auction, we cannot attest to the quality and originality of either cars.
Here are the total sold results for Mecum’s St. Charles Auction:
|F87||1967||Corvette Coupe||Marina Blue||$35,000|
|F225||1967||Corvette Convertible||Silver Blue||$68,250|
|S44||1990||Corvette ZR1 Coupe||Red||$18,900|
|S119||1993||Corvette Convertible||Ruby Red||$29,400|
|S226||2008||Corvette Z06 427 Edt||Red||$59,850|
|Total Corvette Sales||$1,530,377|