The January collector car auctions in Arizona and Florida each year help set the tone for the rest of the auction year. Once again there were plenty of high end Corvettes and eager bidders to go around as 6 and 7-figure bids were quite common. We’ve already taken a look at the Mecum Kissimmee results, but how do they stack up against all of the other January sales? Click past the jump to find out.
The top Corvette sale of the month went to the red/red 1967 L88 coupe, as we expected it would, topping the charts at $3,500,000. Second place went to the 1969 L88 Rebel racer convertible which traded hands at $2,850,000 with commissions. Each of the top 2 cars was sold at Barrett-Jackson. The “pseudo” 3rd place sale was the 1956 Real McCoy which was hammered sold at Mecum Kissimmee for $2,300,000, but as we mentioned earlier that sale has been placed on hold.
As you might surmise, the Top 11 January 2014 Corvette sales all took place at the 2 biggest sales: Barrett-Jackson and Mecum. The B-J sale placed 6 cars in the Top 11 while Mecum claimed the remaining 5 spots. There are 5 L88’s on the list this year as well as 2 racecars, a 1963 Z06, and a 1971 ZR2. For the first time in a long time we didn’t see any restomods in the Top 11. Don’t worry, though, there were still several that traded for north of $100,000 last month.
The total value of the Top 11 January sales this year was a staggering $12,640,000. The average sale price of those cars came in at $1,140,091. It took a hammer price of $275,000 just to make it on to the 2014 Top 11 list.
So how do these numbers compare to previous January sales? If we look back just 2 years to 2012 we see a big jump in values. That year a silver 1968 L88 roadster led the pack selling for $625,000 and the first 2013 427 Convertible sold for $600,000. The 2012 Top 11 tallied up to $4,580,000 and they averaged out to $417,000 per car. Those are jumps of 275% and 263% respectively between 2012 and 2014.
So based on last month’s results it looks like we’re sure to see more big bucks dropped on high end collector Corvettes. L88’s and racers look to still be leading the way in desirability, but well documented rarities will continue to earn attention as well.
Here are the Top 11 Corvette Sales of the January 2014 auctions.
Looking ahead, Barrett-Jackson and Mecum will go head-to-head in April as they hold sales in Palm Beach, Florida and Houston, Texas on the same weekend. Barrett-Jackson’s car list isn’t online yet, whereas Mecum is already touting the Bunkie Knudson styling car, a 2,996 mile 1967 427/390 coupe, and a 1966 big tank coupe at their April sale.
Top Corvettes Go Unsold at Mecum Kissimmee
The 1956 “Real McCoy” Corvette Sells for $2.3 Million at Mecum Kissimmee
1967 Corvette L88 Sells for World Record $3.5 Million at Barrett-Jackson – Updated w/ Video