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Auctions & Results

Barrett-Jackson Las Vegas 2009: Corvette Auction Schedule

by Keith Cornett on October 7, 2009

1960 Corvette offered at Barrett-Jackson Las Vegas 2009

The Barrett-Jackson Collector Car Auction at Mandalay Bay in Las Vegas kicks off tomorrow afternoon. To make sure you don’t miss any of the action, we went through the car list and pulled out the 29 Corvettes that are scheduled to appear over the the three day event.



There are 29 Corvettes on the docket ranging from 1958 to a 2009 Corvette ZR1. Here are several interesting Corvettes we’ll be watching: The 1990 Callaway Aerobody, a 1960 Corvette convertible powered by a 283/290 fuelie V8, the Bruce Willis 1967 Corvette convertible, and the aforementioned 2009 Corvette ZR1 which is paired with a 1990 Corvette ZR-1. Like all Barrett-Jackson auctions, these Corvettes are all offered at No Reserve.

New for this auction is how we plan to cover it. CorvetteBlogger has teamed up with SPEED to offer analysis and insight into the Corvettes auctioned at Barrett-Jackson. You can follow that coverage here or join the the Barrett-Jackson group on My SPEED. Here is the Corvette Schedule for the Barrett-Jackson Las Vegas Auction:

LOT # YEAR MODEL STYLE AUCTION DAY
14.1 1989 Corvette Coupe Oct 8
42 1978 Corvette Coupe Oct 8
45.2 1972 Corvette Coupe Oct 8
50.2 1991 Corvette ZR-1 Coupe Oct 8
70 1990 Corvette Callaway Aerobody Oct 8
93 1993 Corvette Coupe Oct 8
314 1985 Corvette Coupe Oct 9
318 1978 Corvette 25th Anniversary Coupe Oct 9
326 1978 Corvette 25th Anniversary Coupe Oct 9
329 1991 Corvette Coupe Oct 9
354 1964 Corvette 327/350 hp Convertible Oct 9
363.2 1965 Corvette 327 ci Convertible Oct 9
396 1965 Corvette 396/425 hp Convertible Oct 9
402.1 1966 Corvette 427/425 hp Convertible Oct 9
411 1961 Corvette 283/230 hp Convertible Oct 9
639.1 1969 Corvette 427/390 hp Coupe Oct 10
659 1964 Corvette 327/250 hp Coupe Oct 10
659.3 1967 Corvette Bruce Willis Convertible Oct 10
664 1967 Corvette 427/390 hp Coupe Oct 10
677.1 2003 Corvette Avelate Convertible Oct 10
678 1968 Corvette Custom Roadster Oct 10
680 1960 Corvette 283/290 FI Convertible Oct 10
685.1 1959 Corvette 283/270 hp Convertible Oct 10
688.1 1962 Corvette Custom Convertible Oct 10
705 2009 Corvette ZR1 Coupe Oct 10
705.1 1990 Corvette ZR-1 Coupe Oct 10
717 1958 Corvette LS6 Resto-Mod Convertible Oct 10
718 1961 Corvette LS1 Resto-Mod Convertible Oct 10
719.2 1966 Corvette 427/425 hp Convertible Oct 10
         

SPEED TV will be providing live gavel coverage beginning Thursday, October 8th. Here is the broadcast schedule:

Thursday, Oct 8 6:00 pm – 11:00 pm
Friday, Oct 9 4:00 pm – 6:30 pm
  8:30 pm – 11:00 pm
Saturday, Oct 10 4:00 pm – 11:00 pm

All Times are Eastern (EST).

 


Source:
Barrett-Jackson Collector Car Auction

Related:
Bruce Willis’ 1967 Corvette Will Be Offered at Barrett-Jackson Las Vegas Auction
[VIDEO] 1959 Corvette Resto-Mod Top Seller at Barrett-Jackson Palm Beach Auction Results: Barrett-Jackson Las Vegas Tops $3.3 Million in Corvette Sales

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Corvettes on eBay: #1 of 5 1993 Lister Corvette

by Keith Cornett on October 6, 2009

Corvettes on eBay: #1 of 5 1993 Lister Corvette

Say hello to a 1993 Lister Corvette. Created by Lister North America back in the early nineties, this custom-bodied C4 Corvette was treated to upgrades both inside and out. Under the hood, the Chevy LT1 V8 was stroked to 383 cubic inches and a Vortech supercharger provides plenty of power. On the outside, custom body panels, Fikse wheels and an upgraded interior add to the package.

Back in the mid to late 1950′s, British-based Lister produced lightweight tubular framed sports cars that competed with Jaguar and Aston Martin. While earlier cars were powered by a D-Jag inline 6, in 1959 the Lister’s got themselves a redesigned aerodynamic aluminum bodies powered by Chevrolet V8 engines. These new Lister’s attempted to cash in on that the heritage, but the concept never took off and only 5 cars were produced.

This Lister offered has an interesting past as it was the first Corvette of the Lister series. Following the car’s debut at the 1993 Los Angeles International Auto Show, it then served as a development mule for Vortech superchargers where it graced the covers of several Corvette magazines.

The next owner took the Lister’s performance to the edge. The 5.7 liter LT-1 was stroked to 383 cubic inches and outfitted with Air Flow Research aluminum heads, Lunati forged steel reciprocating parts, Crane roller cam, Wiesco pistons, 58mm throttle body and on and on and on. Complementing the upgrades under the hood is a bevy of yellow and chrome trim. No-so complimentary is the faux side exhaust which in our opinion detracts from the appearance.

1993 Lister Corvette 1993 Lister Corvette 1993 Lister Corvette
1993 Lister Corvette 1993 Lister Corvette 1993 Lister Corvette
1993 Lister Corvette 1993 Lister Corvette 1993 Lister Corvette
Images courtesy of Viva Las Vegas Autos – Reproduced with permission

The Corvette has just over 7,000 miles on the clock and comes with a ton of documentation. Back in 2003, the car was featured at Barrett-Jackson where it traded hands for $54,000. Yesterday, the Corvette’s auction on eBay ended with a no-sale at $17,700. If you’re interested in this unique conversion, contact Viva Las Vegas Autos.
Source:
ebay via Autoblog Related:
Bloomington 2009: Twin-Turbo 1991 Corvette Callaway Speedster Sells for $115,000 Technorati Tags:
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Bruce Willis' 1967 Corvette Convertible to be offered at Barrett-Jackson Las Vegas Auction

Action movie hero Bruce Willis is taking three cars to Las Vegas next weekend where they will be sold at no reserve at the Barrett-Jackson collector car auction at Mandalay Bay. Included in the collection is a 1967 Corvette Convertible equipped with a 427/435 Tri-Power L71 V8.

The Corvette was purchased by Bruce in El Paso, Texas during the filming of the 1996 movie “Last Man Standing”. Following the production, he shipped the corvette to Sun Valley, Idaho where it served as his summer driver.

The Corvette has seen some customization as celebrities are wont to do with their rides. This 67 midyear was repainted in the original Marlboro Maroon color by Performance Paint in Torrance, Ca. Polished Cragar S/S wheels, Michelin blackwall tires and an Alpine 5-CD changer in the glove box complete with infrared remote round out the options.

Bruce Willis' 1967 Corvette Convertible Bruce Willis' 1967 Corvette Convertible Bruce Willis' 1967 Corvette Convertible
Bruce Willis' 1967 Corvette Convertible Bruce Willis' 1967 Corvette Convertible Bruce Willis' 1967 Corvette Convertible
Bruce Willis' 1967 Corvette Convertible Bruce Willis' 1967 Corvette Convertible Bruce Willis' 1967 Corvette Convertible

The Corvette last saw the auction block in October 2008 where it was offered by Bonhams at the California Classic auction held at the Petersen Automotive Museum. While the estimate on the Sting Ray was $110,000-$150,000, the car failed to meet the reserve and went unsold. The high bid for the Corvette was undisclosed.

In addition to the ’67 Corvette, Willis is also offering a black 1968 Pontiac Firebird and a dark blue 1988 Lincoln Limousine that was used during the filming of his breakout movie, “Die Hard”.

“Bruce Willis has owned some great American iron,” said Barrett-Jackson Chairman/CEO, Craig Jackson. “Cars like his 1967 Corvette and ’68 Firebird helped define an era of motoring in this country that was built around power. The Lincoln Limo also tells a story as it was used during Bruce’s most iconic film.”

“These cars are special in that they correspond with important moments in Bruce’s life, both personally and professionally,” added Steve Davis, president of Barrett-Jackson. “Like most collectors today, Bruce enjoys his cars. I imagine he has his eye on one or more street-ready muscle cars to replace the three vehicles he’s selling at Barrett-Jackson.”

The Corvette is scheduled to be sold on Saturday, October 10th. The Barrett-Jackson Collector Car Auction will be televised by SPEED TV.


Source:
Barrett-Jackson

Related:
Auction Results: Bruce Willis’ 1957 Corvette Sells for $79,560
Friday’s Featured Corvettes for Sale: The Bruce Willis Collection

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Corvette Auction Results: Mecum at Monterey

by Keith Cornett on August 17, 2009

Corvette Auction Results: Mecum at Monterey

The Mecum in Monterey auction was held on Saturday and over 200 cars were featured including 25 Corvettes. Despite the nice mix of unique and important cars in Corvette history, most failed to reach the reserve price and went unsold. Just 8 of the 25 Corvettes did sell for a total take of $651,000 and a 32% sales success rate. Two Corvettes topped the $100,000 mark with the top seller being the 1967 “Ed Cole” L89 Corvette Coupe which we’ve named our Deal of the Year. Second on the list was a 1969 L88 Corvette Coupe that sold for $150,000.

Two historic former Corvette racers driven by the Delmo Johnson/Dave Morgan race team generated the most interest of the 25 Corvettes although both failed to sell. The 1963 Corvette Z06 race car had a high bid of $700,000 while a 1962 Corvette was bidded up to $600,000.

In addition to the 1967 Ed Cole Corvette, another C2 we believe to be well bought was a matching number’s 1966 Corvette Coupe equipped with a 427/390 hp V8 that sold for $51,000.

Here is the full Corvette results list from the Mecum at Monterey auction:


LOT YEAR STYLE HIGH BID SOLD PRICE
S6 1962 Corvette Convertible 327/360 HP Fuelie $52,000  
S13 1971 Corvette Convertible 454 CI, 4-Speed   $26,500
S39 1957 Corvette Convertible 283/283 HP Fuel Injected, 3-Speed $76,000  
S48 1966 Corvette Coupe 427/390 HP, 4-Speed   $51,000
S49 1960 Corvette Convertible 283/315 HP FI, 4-Speed $70,000  
S55 1963 Corvette Coupe 327/340 HP, 4-Speed   $60,000
S62 1969 Corvette Convertible 427/435 HP, 4-Speed   $65,000
S78 1963 Corvette Z06 Coupe Delmo Johnson/Dave Morgan Race Car $700,000  
S82 1962 Corvette Coupe Delmo Johnson/Dave Morgan Sebring Racer $600,000  
S83 1961 Corvette Coupe SVRA, HSR Vintage Racer N/A  
S84 1968 Corvette L88 Convertible 430 HP, 4-Speed $200,000  
S85 1967 Corvette Convertible Bill Mitchell, 427/400 HP, Automatic $300,000  
S86 1967 Corvette Coupe The Ed Cole Car, 427/435 HP, 4-Speed   $205,000
S93 1953 Corvette Convertible Bloomington Gold Certified $170,000  
S102 1968 Corvette L88 Coupe The Donington Speedway Pace Car, 427/430 HP $246,000  
S103 1966 Corvette Coupe 427/450 HP, 4-Speed, Bloomington, NCRS Awards $94,000  
S105 1971 Corvette ZR2 Convertible 1 of 2 ZR2 Convertibles Built, LS6 454/425 HP $345,000  
S141 1965 Corvette Convertible Original and Unrestored, 327/365 HP, 4-Speed $165,000  
S166 1957 Corvette Convertible 283/270 HP, 4-Speed $90,000  
S167 1967 Corvette Coupe 327/300 HP, 3-Speed   $50,000
S168 1969 Corvette L89 Convertible Julia’s Jewel, 427/435 HP, 4-Speed $67,500  
S169 1969 Corvette L89 Coupe 427/435 HP, 4-Speed $62,500  
S173 1965 Corvette Convertible 327/375 HP, 4-Speed $92,500  
S208 1969 Corvette L88 Coupe 427/430 HP, 4-Speed   $150,000
S231 1966 Corvette 327/350 HP, 4-Speed   $43,500
S234 1966 Corvette 427 CI $50,000  
         
    Total Sales $651,000


Source:
Mecum

Related:
Deal of the Year? The “Ed Cole” 1967 Corvette Coupe L89 sells for $205,000
Corvette Auction Results: Mecum’s Muscle Cars and More at Des Moines, IA
Bloomington 2009: Harley Earl’s 1963 Corvette a No Sale at $985,000 Bloomington 2009: Mecum Sells $5.2 Million in Corvettes at Gold Auction

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The

Mecum is still the middle of their Monterey auction but once we saw the 1967 Corvette Coupe equipped with the 1 of 16 L89 aluminum heads on the 427/435 hp V8 sell for $205,000, we’re proclaiming that the deal of the year. Known as the “Ed Cole” Corvette, the car was ordered in 1967 by the neighbor of GM’s General Manager Ed Cole who recommended the rare L89 option.

Ed Cole took care of his neighbor by outfitting the Corvette for the ultimate driving experience. In addition to the L71 427/435 V8 with the L89 heads, the Corvette was also optioned with finned wheels, F41 suspension and a 3.55 positraction rear end. The result was a final price of nearly $6,500.

When the car was delivered to Frank Driver Chevrolet in Wilmington Delaware, employees recall that it was accompanied by more special handling instructions than anyone had seen previously, all of them directly from Ed Cole.

The Cole Corvette most recently appeared at the Bloomington Gold auction just two months ago where it was bid up to $550,000 but failed to sell as the reserve was reportedly $1 million. At the end of the Corvette’s auction at Monterey, the ring announcer called the reserve was off and mentioned that it was also set at $1 million.

Because of the huge difference in the numbers and especially the difference between Bloomington’s high bid and the sale price at Monterey, we have to guess that this was a distress sale. We have no word yet who the buyer was.

The Corvette has been restored to Concours condition and comes with a ton of documentation including copies of the paperwork and the Protect-O-Plate. Also included is a letter from 1982 from the original owner answering a questionnaire about the Corvette.

Read the entire auction catalog entry about the history of the 1967 L89 Coupe known as the Ed Cole Corvette.

The Ed Cole 1967 Corvette Coupe L89 The Ed Cole 1967 Corvette Coupe L89 The Ed Cole 1967 Corvette Coupe L89
The Ed Cole 1967 Corvette Coupe L89 The Ed Cole 1967 Corvette Coupe L89 The Ed Cole 1967 Corvette Coupe L89
The Ed Cole 1967 Corvette Coupe L89 The Ed Cole 1967 Corvette Coupe L89  


Source:
Mecum

Related:
Corvette Auction Results: Mecum’s Muscle Cars and More at Des Moines, IA
Bloomington 2009: Harley Earl’s 1963 Corvette a No Sale at $985,000 Bloomington 2009: Mecum Sells $5.2 Million in Corvettes at Gold Auction

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1968 Corvette L88 Scuderia Filipinetti Le Mans Racer

August is a busy month for most of the preeminent automotive auction houses and RM Auctions is no exception. This weekend they host their highly anticipated Sports & Classics of Monterey event in Monterey, California. One of the Corvettes that will be offered for sale is the 1968 Chevrolet Corvette L88 “Scuderia Filipinetti” Le Mans race car which is expected to fetch in the neighborhood of $500,000 – $700,000.

The Corvette L88 Scuderia Filipinetti Le Mans Racer holds a significant place in Corvette’s racing history. With a coil spring front suspension and an L88 engine prepped by Zora Arkus-Duntov and smuggled out the back door to circumvent GM’s ban on racing, the L88 was driven at the 1968 24 Hours of Le Mans by Henri Greder and Umberto Maglioli. The car dominated the Porsches and led the GT class until the 6th hour when a carburetion problem melted a piston.

The Corvette returned to Le Mans in 1969 where it again dominated the competition and led the GT class for 16 hours before it retired due to another mechanical failure. Greder then drove the L88 Corvette that September in the Tour de France, a 5,000 km marathon over nine days including 11 events at 9 different tracks. Despite a constant engine misfire, Greder and co-driver Vigneron captured seven of the eleven events. This account of the race at Clermont is awe-inspiring:

Despite encountering a constant engine misfire which replacing the carburetor, plugs, wires and even the gas tank didn’t cure, Greder and his co-driver Vigneron captured seven of the eleven events (Nürburgring, Rouen, Le Mans, Cap Fréhel, Charade, Albi and le Tourmalet).

At Clermont they finally swapped the distributor for one from a Camaro and the L88’s power returned. Starting the race at Clermont Ferrand (then known as Charade) from the back of the field, Greder (“I was very tired, and so happy to have the power back,” he recalled) passed every car on the straight after the start, went straight across the next two corners, spun and backed into a utility pole. Restarting, again at the back of the field, the rejuvenated Corvette (its driver’s enthusiasm unconstrained by the tachometer, which didn’t work after the distributor swap) charged through the field, catching Gerard Larrousse’s leading Porsche 911R at the start-finish line at the end of the first lap.

“Larrousse said he thought I was out for good and was so startled when he saw me in his mirrors he almost went off,” Greder remembered. But it was too late to catch Larrousse in the overall standings. Greder and the Corvette finished second and won the GT category earning the description “La phénoménale Chevrolet Corvette” in Maurice Louche’s history of the Tour de France Automobile.

The L88 Corvette was then sold to Jean-Claude Aubriet who campaigned it four more times at Le Mans from 1970-73, finishing as high as 18th overall and 2nd in class. The L88 Scuderia Filipinetti Le Mans Racer holds the record at Le Mans for single chassis starts (six).

Today the Corvette has been restored and now sports a 70′s vintage 454 made to look like the classic L88. It retains the coil spring front suspension developed by Zora as well as its M22 “Rock Crusher” close ratio gearbox and J56 heavy duty brakes. Documentation includes copies of the original A.C.O. entry forms from its six appearances at Le Mans.

Check out the new GT2 Corvette C6.R photos and the official press release after the jump.

1968 Corvette L88 Scuderia Filipinetti Le Mans Racer. Photo Credit: Darin Schnabel 1968 Corvette L88 Scuderia Filipinetti Le Mans Racer. Photo Credit: Darin Schnabel 1968 Corvette L88 Scuderia Filipinetti Le Mans Racer. Photo Credit: Darin Schnabel
1968 Corvette L88 Scuderia Filipinetti Le Mans Racer. Photo Credit: Darin Schnabel 1968 Corvette L88 Scuderia Filipinetti Le Mans Racer. Photo Credit: Darin Schnabel 1968 Corvette L88 Scuderia Filipinetti Le Mans Racer. Photo Credit: Darin Schnabel
1968 Corvette L88 Scuderia Filipinetti Le Mans Racer. Photo Credit: Darin Schnabel 1968 Corvette L88 Scuderia Filipinetti Le Mans Racer. Photo Credit: Darin Schnabel 1968 Corvette L88 Scuderia Filipinetti Le Mans Racer. Photo Credit: Darin Schnabel
1968 Corvette L88 Scuderia Filipinetti Le Mans Racer. 1968 Corvette L88 Scuderia Filipinetti Le Mans Racer. 1968 Corvette L88 Scuderia Filipinetti Le Mans Racer.

The full auction catalog description is a must-read for any Corvette racing enthusiast. The 1968 Corvette L88 Coupe will be auctioned on Saturday, August 15, 2009.


Source:
RM Auctions


Related:
[VIDEO] Auction Results: 1969 Corvette L88 COPO Racer
[VIDEO] Gulf One 1963 Corvette Z06 Sells for $1.05 Million
1962 Gulf Oil Corvette Sells for $1.485 Million at Pebble Beach

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Mecum's Muscle Cars and More at Des Moines, IA

Mecum just wrapped up their two day auction in Des Moines, Iowa last weekend and 25 Corvettes were offered for sale. Only nine Corvettes were sold for a total of $248.650 and a 36% sales success rate. The high sale goes to a 1957 Corvette roadster with a 283 hp fuelie that gaveled for $77,500. On the low side, a 1974 driver with just under 48K miles sold for $5,000 proving once again that sellers are motivated in this difficult environment.

Here is the complete sales list from Mecum’s Muscle Cars and More in Des Moines:

Lot Year Model High Bid Sold Price
F2 1975 Corvette L 82 No Info
F3 1975 Corvette Coupe 350/205 HP, 4-Speed Manual $14,000
F21 1980 Corvette Coupe 350/190 HP, 3-Speed Automatic $6,000
F23 1994 Corvette Coupe 350 CI, Automatic $17,500
F46 1975 Corvette Coupe 350 CI, 4-Speed Manual $6,500
F55 1972 Corvette Coupe 350/350 HP, 4-speed $19,000
F66 1966 Corvette Coupe 350/750+ HP, 4-Speed $14,000
F75 1999 Corvette Convertible 5.7 LITER, 6-Speed $20,750
F94 1987 Corvette Coupe 350/240 HP, 4-Speed Automatic $7,900
F108 1974 Corvette Sting Ray 350 CI, Automatic $5,000
S4 1993 Corvette Convertible $12,250
S26.1 2005 Corvette Coupe $24,750
S48 1977 Corvette No Info
S64 1991 Corvette Coupe 350 CI, Automatic $10,500
S69 1981 Corvette Coupe 350 CI, Automatic $11,250
S84 1966 Corvette Convertible 327/300 HP, Manual $52,250
S129.1 1981 Corvette 350 CI $16,000
S131.1 1967 Corvette Convertible 427/390 HP $86,000
S137 1962 Corvette Convertible 327/360 HP, 4-Speed $45,000
S139 1957 Corvette Convertible 283/283 HP Fuel Injected, 4-Speed $77,500
S140 1969 Corvette Coupe 427/390 HP, 4-Speed $27,500
S142 1965 Corvette Convertible 327/250 HP, 4-Speed Manual $51,500
S154 1954 Corvette Roadster Automatic $45,000
S174 1972 Corvette Convertible $12,750
S178 2003 Corvette Coupe 350 CI/405 HP $19,000
       
    Total Sales:   $248.650


Source:
Mecum

Related:
Mecum Sells The First Corvette of the Sixties
Bloomington 2009: Mecum Sells $5.2 Million in Corvettes at Gold Auction

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Hertz Selling Corvette ZHZ's at Dealer Auction

It appears that Hertz has starting to sell off a few of their special edition rental Corvette ZHZs. In an email to our friends at CorvetteConti.com, a visitor tells Rick that three of the specially-badged Velocity Yellow and Black striped coupes ran through the dealer-only Manheim auto auction in South Florida last Friday.

Hertz and other car rental agencies generally begin to sell off their inventory after a year or so of rental duty. These three Hertz ZHZ Corvette coupes each have between 22,000 to 25,000 miles and are described to be in “driver” condition with some scratches and worn seats.

The visitor tells Rick that the three Corvettes sold for $31,400, $31,500 and $31,600.

As Manheim is a registered dealer only auction, we expect these Corvettes to be offered for sale to the public in the near future. As Conti correctly points out, let’s hope that dealers aren’t getting one of these Corvettes:

Hertz Corvette ZHZ Slams Into 8 Cars in Philadelphia


Source:
CorvetteConti.com

Related:
[VIDEO] Hertz Corvette ZHZ Slams Into 8 Cars in Philadelphia
Another Hertz Corvette ZHZ Bites The Dust
Take Out! Hertz Corvette ZHZ Wrecks Dallas Restaurant
Hertz To Offer Exclusive Limited-Edition Corvette ZHZ

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Mecum Sells The First Corvette of the Sixties

by Keith Cornett on July 6, 2009

The First Corvette of the Sixties

One of selling features employed by the Mecum auction house is their “Bid Goes On” which allows bidding on Corvettes that did not sell on the block to continue in hopes that a sale can be reached. It gives buyers and sellers the opportunity to culminate a deal that otherwise would not have happened within the confines of a three-minute sale. One of Corvettes recently sold though this process was this 1960 Corvette with the serial #00001.

The first Corvette of the Sixties was Ermine White with a matching white convertible top. Like the first year 1953 Corvettes, a red interior compliments the white exterior. Vin #00001 is powered by RPO 579D – a 283 cubic inch fuel injected engine rated for 290 horsepower – and was coupled to a 4-speed transmission. Other options include the signal-seeking AM radio and classic wide whitewall tires.

At the auction, the Corvette reached a high bid of $290,000 without changing hands. Today we learned that the Corvette did sell after the auction at a slightly lower price of $275,000. We believe the seller, motivated by the no-sale changed his mind in regards to his reserve and took an offer through “the bid goes on” process.

The First Corvette of the Sixties The First Corvette of the Sixties The First Corvette of the Sixties
The First Corvette of the Sixties The First Corvette of the Sixties The First Corvette of the Sixties
The First Corvette of the Sixties The First Corvette of the Sixties  

So is this a fair price for a solid-axle serial #00001 Corvette? At the 2008 Bloomington Gold auction, three serial #1 Corvettes were offered: 1955, 1956 and 1957. As a group, the three Corvettes reached a high-bid of $2.8 million but failed to reach reserve. The three Corvettes were then offered individually. The 1955 #0001 Corvette high bid was $850,000. The 1956 #0001 Corvette high bid was $900,000 and the 1957 #0001 Corvette reached a high bid of $950,000. All three Corvettes were no sales and haven’t been seen since.

So along comes the 1960 Corvette with serial #1 a year later and it sells for a fraction of the prices offered for the 1955-57 Corvettes. Will this price of $275,000 suck the wind out of those other cars when the resurface at another sale or will the 1960 Corvette be flipped when the market rebounds for a much higher price? This is what makes watching pricing so fun.

For a complete recap of the 2009 Bloomington Gold Auction, click here for the original post or here for just the auction results.


Source:
Mecum

Related:
Bloomington 2009: Mecum Sells $5.2 Million in Corvettes at Gold Auction
Bloomington 2009: Harley Earl’s 1963 Corvette a No Sale at $985,000
Bloomington 2009: 1968 L88 Corvette Sets Auction High Selling Price at $300K
Bloomington 2009: Twin-Turbo 1991 Corvette Callaway Speedster Sells for $115,000
Bloomington 2009: 1966 Corvette Convertible Sells for $83,500
Mecum’s Two-Day Corvette Auction at Bloomington Gold Show
Auction Preview: Mecum Selling Harley Earl’s 1963 Corvette Roadster

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This 1963 Grand Sport Corvette Replica Sold for $61,000

Mecum concluded their two day Bloomington Gold auction on Saturday afternoon. It will be a memorable auction not for what sold, but for what didn’t sell. Only 108 of the 286 Corvettes sold which translates to a 38% success rating. However, many of the featured Corvettes didn’t reach reserve which makes us wonder if buyers were holding back or if sellers were asking too much.

The top seller for the weekend was a 1968 L88 Corvette Coupe with a Bloomington Gold Survivor award that sold for $300,000. Second on the list was a 1967 L71 427/435 Corvette that sold for $195,000.

Many of the top Corvettes listed failed to meet their reserve price. As we said earlier, we don’t know if buyers were holding back or if sellers were being unrealistic, but the fact remains that both camps would only buy or sell if the price was right.

The main attraction was Harley Earl’s 1963 Corvette Convertible. The bidding for the former Head of GM Design’s personal Sting Ray reached $985,000 but the reserve was said to be $1.3 million. Ed Cole’s former 1967 big block reached $550,000 but the reserve was said to be $700,000. The 1971 Corvette ZR2 Convertible reached $500,000 in bidding with the reserve set at $700,000.

The 108 cars that did sell over the two day auction totaled $5,226,550. Compared to last year’s Bloomington Gold auction that saw 138 Corvettes sell for a total of $8,745,619 and a sales success of 47%, I would say that the Corvette investment market has definitely been impacted by the downturn in the economy over the last year.

Finally, reading the forums and listening to other accounts of the auction, we heard the following:

Corvette Dealer Bob McDorman was upset that the Callaway Speedster he auctioned was sold for $115,000. According to a second hand source, McDorman wasn’t paying attention when asked whether he wanted to lift the reserve on this rare car and only after consenting to removing the reserve and the gavel falling did he realize what happened. Rumor has it he was recently offered $150,000 for the unique Series 1 Speedster.

Many reported to see on the Discovery HD television coverage a 1962 Corvette bump the wall of the facility while making its way off the auction block on Friday. A Corvette forum member did inspect the Corvette later and found no noticeable damage to the car.

Here are the results from Mecum’s 2009 Bloomington Gold Auction.


Source:
Mecum

Related:
Bloomington 2009: Harley Earl’s 1963 Corvette a No Sale at $985,000
Bloomington 2009: 1968 L88 Corvette Sets Auction High Selling Price at $300K
Bloomington 2009: Twin-Turbo 1991 Corvette Callaway Speedster Sells for $115,000
Bloomington 2009: 1966 Corvette Convertible Sells for $83,500
Mecum’s Two-Day Corvette Auction at Bloomington Gold Show
Auction Preview: Mecum Selling Harley Earl’s 1963 Corvette Roadster

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