The 10th Annual Collector Cars of Fort Lauderdale sale hosted by Auctions America takes place this weekend in Southern Florida. Nearly 70 Corvettes will be offered among the 500 cars expected to attend including 26 pristine Corvettes from the private collection of Tony Parella. The impressive group consists of 1 car from each year 1953 – 1969 and other rarities from the 3rd – 5th generations of America’s sports car.
Auctions & Results
Paul Newman’s last competitive car – a 2002 Corvette racer adorned with patriotic red, white and blue paint – made it past the low end of the pre-auction estimates at a Florida sale over the weekend – but not by much.
The famous actor’s car brought $275,000 at RM Auctions’ sale in Amelia Island on Saturday, March 10, just above the bottom of the range of $250,000 to $350,000 that had been estimated by experts in the weeks before the sale.
This rare Corvette racer is one of just 10 “big tank” Corvettes assembled in 1960. At the 12 hours of Sebring that year the “Race Rat” won its class, finished 16th overall, and was the only Corvette to finish in the top 25. It’ll cross the block on March 9th, 2012 at Gooding and Company’s Amelia Island sale.
The last car raced by renowned actor Paul Newman will be one of the features at RM Auctions’ Amelia Island sale next month in Florida. As lot #130, Newman’s 2002 #83 SCCA Corvette racer will cross the block on March 10, 2012. Newman raced the car from 2003 to 2007 and was victorious in it at his last race one year before he died in 2008.
When is a Corvette more than just a car?
When it happens to be the 1993 40th Anniversary coupe that has raised more than $300,000 at Barrett-Jackson’s collector car auctions, benefiting cancer research at the Translational Genomics Research Institute (TGen).
This classic 1960 Corvette racer was sold February 2nd at the Bonhams Paris sale. It is a sister car to the cars that ran Le Mans in 1960. The gold-with-red-stripes racer owned by Corvette author and enthusiast Tom Falconer changed hands for €67,850 with all fees. That’s $88,878 to you and me.
Continuing our recap of the January 2012 Corvette auctions, we bring to you the no-reserve sale of the first Corvette ZR1 to be produced in 2010. First VIN Corvettes have always been a hot commodity among collectors, highlighted by the purchase of the 2009 VIN 001 Corvette ZR1 for $1 million by Dave Ressler. Unlike the first year ZR1, this 2010 Corvette ZR1 is meant to be driven as the first owner put 3,934 miles on the Jetstream Blue sports car.
With so much going on in Kissimmee last weekend with the NCRS Regional and the Mecum collector car auction going on simultaneously, it was hard to be in two places at one time. After putting in a full day at the NCRS Regional, I arrived at the Mecum auction early Friday evening and as I walked into the front entrance, I heard the gavel fall as the auctioneer yelled “SOLD SOLD SOLD – $610,000″. I knew right away I had just missed the sale of this 1969 L88 Corvette Roadster.
The 1961 Corvette Gulf Oil race car was one of the centerpieces of Mecum’s 2012 Kissimmee auction and it drew massive attention when it hit the auction block Saturday afternoon. Bidding on the Grady Davis Gulf Oil-sponsored Corvette was fast and furious at the beginning but eventually stalled at $850,000 and the car went unsold. The reserve was undisclosed and the auctioneer only said that it would take “more”.
It didn’t quite reach the pre-auction expectations, but the third-oldest Corvette in existence still sold for a whopping $445,500 at the RM Auction in Arizona on Friday, Jan. 20, 2012. The car was predicted to sell for between $450,000 and $650,000 but fell short of those targets – though still one of the highest priced 1953 Corvettes ever sold.