Breaking News: Corvette Grand Sport #002 Fails to Reach Reserve

Breaking News: Corvette Grand Sport #002 Fails to Reach Reserve

1963 Corvette Grand Sport Chassis #002

Despite all the anticipation and excitement surrounding the sale of the Grand Sport Corvette chassis #002 at RM Auction’s Automobiles of Arizona, the Corvette failed to reach reserve and went unsold. The legendary race car was expected to sell anywhere from $7-$10 million based on early estimates but unfortunately the bidding stalled at $5 million, short of the undisclosed reserve price. We’ll be watching on the chance that the Corvette is sold outside the ring.

Grand Sport Corvette #002 became the first of the legendary five Corvettes secretly built by Zora Arkus-Duntov and the Corvette engineering team to be offered at a public auction. No future sales plans for the Grand Sport are known at this time.

Stay tuned to CorvetteBlogger as we track the all important Corvette auctions.

RM Auctions

Corvette Grand Sport #002 to be Auctioned By RM in January ’09
1962 Gulf Oil Corvette Sells for $1.485 Million at Pebble Beach Technorati Tags:
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