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Auction Results: RM Auctions Corvette Sales at Monterey

by Keith Cornett on August 24, 2010

Auction Results: RM Auctions Corvette Sales at Monterey

RM Auctions sold a small contingent of seven classic Corvettes at their Monterey sale held August 12-14th at the Portola Hotel and Spa. The seven Corvettes ranging from 1953-1963 brought in $789,250 in total Corvette sales.

The top Corvette sale at the 25th annual Monterey auction went to a first year 1953 Corvette roadster that was #199 of 300 produced. The Corvette was from the John O’Quinn collection and sold for $220,000.

Second on the list at $132,000 was a 1963 Split-Window Coupe powered by the L84 fuelie which produced 360 horsepower out of its 327 cubic inches. The Riverside Red Sting Ray fuelie has a correct, but later 1963 “matching numbers” block mated to an M21 four-speed transmission and featured a costly “Nut and Bolt” restoration by Glenn Vaughn Restorations.

My favorite car on the list under-performed its sales estimate of $70,000-$90,000 by coming in at $63,250. Lot #207 was a Black/Silver coves 1957 Corvette powered by a dual-quad 283 cubic inch V8 with 270 horsepower. The 85,000 original mile example is one of 1,621 with the 270 hp dual quad V8 and one of only 664 with a four-speed.

Here are the sales results from RM Auction’s Sports & Classics of Monterey:

LOT # YEAR STYLE SOLD PRICE
239 1953 Corvette Roadster #199 $220,000
207 1957 Corvette Roadster 283/270 hp $63,250
378 1957 Corvette Roadster 283/283 hp Fuelie $104,500
268 1960 Corvette Roadster 283/270 hp $85.250
222 1962 Corvette Roadster 327/360hp Fuelie $79,750
248 1963 Corvette Convertible "Pilot Line" $104,500
279 1963 Corvette Coupe 327/360 hp Fuelie $132,000
       
    Total Sales: $789,250

RM’s next auction event will be its inaugural “Auburn Collector Car Auction” hosted by the newly formed Auctions America by RM. The sale dates are September 2nd-5th at the Auburn Auction Park in Auburn, Indiana.


Source:
RM Auctions

Related:
Auction Results: Mecum at Monterey Corvette Sales
Countdown to Monterey: 1953 Corvette Roadster #199

 

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