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

by Keith Cornett on January 16, 2009

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.


Source:
RM Auctions

Related:
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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