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:
|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|
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.