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RM Auctions Offering Two 1969 L88 Corvettes at San Diego Sale

by Keith Cornett on May 13, 2010

1969 L88 Corvette offered at RM's San Diego Auction

RM Auctions is set to offer two distinctly different 1969 L88 Corvettes at their “Classic Muscle & Modern Performance” auction in San Diego, California on June 19th. Rarely do these high performance Corvette surface for sale and when they do, they tend to be snapped up rather quickly. And because this is a no-reserve auction, you can guarantee they will both be sold.

This Riverside Gold 1969 Chevrolet Corvette L88 Coupe is not only special because of its famous V8 race engine, its just one of 17 L88s produced with an automatic transmission. The Corvette began its life as a drag racer on the East Coast by Bard Chevrolet and its rare transmission was the foundation for its racing nickname “Automatically Yours”. The Corvette eventually found its way to Houston’s famed Naber Brothers for a complete restoration and a Bloomington Gold certification before ending up in the collection of the current owner.

1969 L88 Corvette offered at RM's San Diego Auction 1969 L88 Corvette offered at RM's San Diego Auction 1969 L88 Corvette offered at RM's San Diego Auction

This L88 Corvette shows just 21,121 miles and, according to a recent inspection, retains its original black interior with the exception of the carpeting. The engine bay is clean and proper, with the correct components and finishes in evidence, along with the original-specification emissions equipment. Equipped with a T-roof, power brakes and rolling on period-style Firestone red line tires, the car is also offered complete with an original Corvette sales brochure. “Automatically Yours” is an outstanding example of what has become one of the most coveted high performance cars ever built in the U.S. With documented history, an automatic transmission and an award-winning restoration, it is one of the finest L88s in existence.

Click here for the Catalog Description

Our second L88 Corvette is the only Monza Red/Saddle Leather L88 produced in 1969. Its one of the last L88s built and get this, it has only 2,265 original miles. The Corvette was also destined for the track after its first owner drove just 108 miles on the street. During its five year racing career, the Corvette put up a best quarter mile time of 10.82 seconds at 156.65 mph.

1969 L88 Corvette offered at RM's San Diego Auction 1969 L88 Corvette offered at RM's San Diego Auction 1969 L88 Corvette offered at RM's San Diego Auction

This car comes with all its sale documents and factory Protect-O-Plate. The $6,992 invoice notes it was delivered with tinted glass, F41 suspension, G81 posi-traction, J50 power brakes, K66 transistor ignition, L88 engine, M22 4-speed, N35 tilt-telescopic wheel, TJ2 front fender trim, and #421 Saddle Leather and #974 Monza Red paint. It is exactly the same today with matching numbers.

Click here for the Catalog Description

As for pricing comparisons, we saw a 1969 L88 Coupe reach a $425,000 high bid (no sale) at Mecum’s Spring Classic in May 2009. A documented COPA L88 race car sold in Kissimmee in January 2009 for $323,300. In January 2008, a Le Mans Blue ’69 L88 sold for $412,000 at Russo and Steele. It will be real interesting to see how these two Corvettes fair in this economy at a no-reserve auction. Stay tuned! We’ll bring you the results following the sale on June 19th.


Source:
RM Auctions

Related:
Mecum to Offer Harley Earl’s 1963 Custom Corvette at Indy’s Spring Classic
Auction Preview: 1968 Corvette L88 Scuderia Filipinetti Le Mans Racer

 

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