We’re starting to see some of the offerings that’ll be crossing the block in a couple of weeks at Barrett-Jackson’s inaugural Northeast auction. The all-new 3-day event takes place June 23rd through June 25th at the Mohegan Sun Hotel and Casino in Uncasville, CT.
One serious Corvette selling at no reserve there is Lot 667, a rare 1967 L89 Corvette convertible. If it looks familiar that’s because it’s the same L89 that sold (twice) out of the Falbo Collection at Leake Oklahoma City back in February for $167,000.
RPO L89 added aluminum cylinder heads to the already potent 427 cubic in engine. The lightweight cylinder heads lifted from the L88 racecars took 75 lbs off of the front of the car which resulted in a lower center of gravity, better rear wheel weight bias, and an improved overall power to weight ratio. Horsepower was listed at an underrated 435 hp which was the same as the 435hp L71 engine, though the L89’s aluminum heads had larger exhaust valves yielding more airflow. Estimated horsepower for L89’s is somewhere around 500. In the end, just 16 L89 Corvettes were produced in St. Louis.
This particular example is finished in Marlboro Maroon with a white interior and white soft top. Other options include a 4-speed manual transmission, power steering, power brakes, side mount exhaust, and bolt on wheels wrapped in white wall tires.
As with any low production collector car, documentation is very important. This particular Corvette been has inspected by Roy Sinor, former NCRS National Judging Chairman and 1967 National Team Leader, and Bloomington Gold engine-stamp and trim-tag judge. Through his examination he confirmed that all of the visible body tags, casting dates and casting numbers appear correct. It is interesting to note here that the seller clearly calls out that he has no GM documentation on the car.
For the numbers guys: The car was built June 21, 1967 based on the never-removed trim tag. The block was cast on March 31, 1967 and the engine was assembled on May 12, 1967 as noted by the T0512IU engine stamp.
Since the 1967 L89 Corvette is selling at auction twice within roughly 4 months, this will give us a good opportunity to see if there’s any consistency in the market or if the selling venue affect value. Back in February, the car was a relatively new find so potential bidders may not have found about the car in time to take a swing at owning it. It will be interesting to see if the Barrett-Jackson pageantry adds or deletes from the final sale price of this car now that is been known for 4 months. We’ll find out for sure on June 25th so stay tuned.
Tom Falbo’s 1967 L89 Corvette Hammers Twice, Sells for $167,000
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