Worldwide Auctions will be hosting their annual sale known as the Houston Classic on April 23 this year. We’re officially giving you notice so you’ll have time to get your finances in order because one of the featured lots is a 1967 L88 Corvette Sting Ray Convertible.
Chevy built only 200 of the firebreathing L88s over the three year period of 1967-1969, and only 20 were offered in 1967. And if history tells us anything, this Silver Pearl L88 roadster could be sold for millions of dollars.
These special 1967 Corvettes don’t come up for sale very often, but the last two have been world record holders. Will we see another world record L88 Corvette sale in Houston?
The record price run on the 1967 L88 Corvettes started in September 2013 at the Mecum auction in Dallas. The Red/Black L88 Corvette Roadster from the Buddy Herin collection took about 5 minutes to go from $0 to $3.2 million. A little over three months later at the Barrett-Jackson auction in Scottsdale, the 1967 Red/Red L88 Corvette Coupe known as the “Crown Jewel” eclipsed the previous mark by gaveling at $3.5 million.
Mecum also offered a Blue/Black 1967 L88 Coupe at their inaugural Seattle auction in June 2014. That Corvette was also a documented original but the seller placed a high reserve on the car and it went unsold with a high bid of $3.7 million.
What all these rare 1967 L88 Corvettes have in common is that they come from well-known collections and their provenance and history was also well known in Corvette circles.
And that brings us to this Silver/Black L88 Corvette Roadster that will be offered next month in Houston.
The original owner had purchased the car new on the west coast in 1967 and documentation available includes the build sheet which shows that it was in fact delivered as an L88. The Corvette has a documented owners history which include the car being owned by both Otis Chandler and Kevin Sudyam.
This L88 Corvette was never transformed into a race car and it was never wrecked, so it retains its original appearance as it was delivered. The car underwent a restoration in the late 1980s and following that it won NCRS Top Flight and Bloomington Gold awards. It also appeared in Bloomington Gold’s Special Collection in 1988.
The current owner of the car, Len Perham, commissioned Campbell Auto Restorations to restore the car again 2012 and it looks just like it did when it came off the showroom floor. In the video below, we hear from Mark Schwartz of Campbell Auto Restorations whose gives an overview of the 1967’s restoration.
This freshly restored Silver/Black L88 Convertible with just 25K miles on the odometer, combined with its factory documentation and owner history, makes a compelling case for the car and we see no reasons why it doesn’t deserve to be hammered in the same price range as those previous and current world record price holders.
The 1967 L88 Corvette Sting Ray will be offered at Worldwide Auction’s Houston Classic on April 23, 2016. That sale has some interesting consignments so far which include two other Silver/Black L88 Corvette Convertibles from 1968 and 1969 and a 1953 Corvette roadster. For more information and a complete list of vehicles offered, visit www.worldwide-auctioneers.com.
1967 Corvette L88 Sells for World Record $3.5 Million at Barrett-Jackson – Updated w/ Video
[VIDEO] 1967 L88 Corvette Convertible Sells for Record $3.2 Million at Mecum Dallas
Blue Chip 1967 L88 Corvette to be Featured at Mecum’s Inaugural Seattle Auction