If you’ve got an extra $4 million dollars lying around (and who doesn’t?) we’ve found the perfect thing to purchase for your friends at CorvetteBlogger. Corvette Mike has announced that his award-winning 1967 L88 coupe is for sale. It can be yours (or ours) for just $3.95 million.
“We plan on auctioning the L88 next year but my partners and I thought we’d like to give all enthusiasts a chance to buy it, not just those who attend the auction,” said Corvette Mike Vietro, Founder and Owner of Corvette Mike, the only recognized brand with three locations coast to coast.
Chevrolet built just 20 L88’s in 1967. Of those, a little over half are still known to exist. In addition to the thumping 427 up front, L88’s also came equipped with the heavy-duty M22 Rock Crusher 4-speed transmission, transistor ignition, heavy-duty power disc brakes, heavy-duty suspension, heater and radio delete, and a special cowl induction hood.
Since most L88 Corvettes were flogged about the race track, their original engines are long gone, but not with this one. This Sunfire Yellow C2 is the only known 1967 L88 coupe to still have its original engine intact. Thusly so, it’s the only original motor C2 L88 to have earned NCRS Duntov, Bloomington Gold, and MCACN Triple Diamond accolades. All of that was done within the last 13 months largely following the same campaign trail as your author’s 1972 convertible.
The car underwent a meticulous 10-year restoration using its original or NOS parts and today is essentially in showroom new condition. Its heavily documented with the original sales contract, tank sticker, a video interview with the original owner, CCAS certificates on the trim tag, VIN and engine, and the original owner’s Nevada title from July of 1967. It’s still on that original title.
“This L88 represents the pinnacle of Corvette collecting,” said Vietro,. “No other Corvette in the world can claim such rarity. We are honored to now own this car. It’s been a dream of mine for decades.”
The car is now listed for sale on Corvette Mike’s website at $3.95 million. Based on Mecum’s 2013 sale of the maroon L88 convertible for $3.2 million and Barrett-Jackson’s subsequent 2014 sale of the red 1967 L88 coupe for $3.7 million that asking price seems to be right in line if we factor in 5-6 years of appreciation, lots of awards, and its only-original-motor-coupe status. Get your banker on the phone, as we’re sure there will be several folks lined up to put this Corvette in the center of their collection even with that hefty price tag.
Source:
Corvette Mike
Related:
Mecum to Feature a 1967 L88 Corvette Coupe at Indy Auction
First 1967 Corvette L88 Joins Mecum’s Harrisburg Docket
Collector Offering First and Last Corvette L88 Convertibles for Sale
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So if L-88s are now worth $3m-$4m, what would one of the 5 original ’63 Grand Sports be likely to go for now?
Hard to say, Doug, as none of them have traded hands publicly in quite some time. The rumor mill reported that the last GS sold (went to Simeone Museum) for around $5 million. With Ferrari 250 GTO’s closing in on $50 million i think it’s safe to say an original GS would command quite a bit more than that 5 mil today. Maybe 6-10 million, but who knows? We won’t really know until if/when one comes up at public auction.
I would have to work a LOT of over time.
A 4 million dollar Corvette is not reality. A super ego, a rich person with money he can’t spend fast enough, or an oil rich dream collector, are exceptions to the rule of value. The collector car market is slowly tumbling south as old style engineering hits the dust. The car will never be driven staging its internment behind a protective roped off enclosure. Viewing the descriptive sign, five percent will appreciate the significance while 95% see it as another sixties has been. Todays transports are so superior in design and performance old classic Chevrolets are just used cars. The aging prospectors of GM products are disappearing as Harley riders of the past. The true great collector is the slamming of the gavel fees. Three minutes of glory on a lighted stage with percentages from buyer, seller, day, and time of the event.
True gear heads still have the five k cars using them as the manufacturer intended unconcerned of market trends.
@Randolph ruckus- What a pitiful, non-educated reply, sir! It must surely come from a person with no PERSONAL knowledge of just how much FUN the Sixties really were! Oh my goodness, sir! You just don`t know what you are talking about! Hemi`s, Z-28`s, Boss Mustangs, 427 Corvettes, only to name a very FEW of the incredible machines created by minds challenged to 1-up the “other guys”! Exciting times?!? Oh yes!! And- by the way: We also landed , and successfully returned men to the Moon ! Yepp- guess you are correct, sir! NOTHING to get excited about back then. Please- do yourself a favor, and study up about the leaps in Technology that took place back then! Thanks! Sinc., Wade M. Russell
I too wonder if we may be approaching “peak value” for high-end collector vehicles from the ’70s and earlier. There seem to be so many ridiculously low mileage examples showing up at auctions these days — is this because serious collectors (1) have seen the writing on the wall and are liquidating their collections now while the prices are still high; or (2) are aging/dying and their beneficiaries have no interest in inheriting the collections. Once those of us who lusted after these ground-pounding, exhaust-belching beauties in our youth are gone or can no longer drive, will there be many left who still appreciate them? Are we likely to begin to see restrictions introduced as to when and where older ICE-equipped vehicles can be driven? Will they become like racehorses — stabled at a private track where they can be visited and exercised occasionally?
WADE;
Take off your bell bottoms & fender skirts …. smell the coffee. The current generation will read about classic cars, maybe buy a hard cover book. As for looking to purchase a 4 million dollar car, Never, never happening. Most don’t even want to own a house. Times are changing. As for non educated, are you a college graduate plus specialty law enforcement training ? I joined the Marines at 17 in 1965. I have owned numerous big blocks and four speed cars. Presently own 4 63-67 coupes, yes and a 427 / 425 car. Also a big brake fuelie 60 that is in original paint and two 60s GTOs Owned them, drove them, sold them…. used cars in the end .
4 million is not in the scope of ordinary purchase plans. Tell us about your billion dollar cars and how your saving the 60s. If you intrepret my post correctly, …. I said the majority of viewers will see the L-88 as a 60s has been. A car few were interested in buying by the production numbers, 20 ?
“Transports…” lol
Actually- @randolph ruckus- Dangit Fella ! I stand corrected ! You sound exactly like my kind of guy! Love your taste in cars, and would love to own your 4 63-67 coupes! I only have 1, presently a “survivor” 427 3×2`s with Fact AC. And- yes- I WILL GLADLY take $4mil for it!
Doug; In my opinion you have hit it on the head. Big money cars are showing up everywhere. Auctions sell those high dollar spectator seats easily because there are many more lookers than buyers. To have a specific car from ones youth is better served as driver condition than museum piece. My whole group of cars, 10 in all, were the 5-6 k variety. Complete running used cars headed for the bargain row. Hope fully the two 63 coupes will stay together. When sold all will be purchased by owners, not big money collectors. I can single out flippers from hobbyists. Until then I can play in the shop with old friends and don’t mind a scratch or two. Never was fond about getting the last dollar value of anything.
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