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Auctions & Results

1968 Corvette Auctioned by Barrett-Jackson

The three day inaugural Barrett-Jackson Las Vegas auction last week shows that despite a poor economy, the buying and selling of Collector Corvettes remains relatively strong. 53 Corvettes were run through the Mandalay Bay auction and a total of $3,348,500 was generated from these sales. However, the weak economy did affect the auction in terms of the types of Corvettes that were offered.

For an auction based in Las Vegas, the list of Corvettes sold reflected the perceived notions we have about the host city. Glitz, glamour…but when you start to look closely, not all are as it seems. Gone from this action was the perennial auction favorite, the 1967 L71 427/435 hp big block. Just one crossed the block and there has been some discussion whether or not this car was “bought-back” by the seller for $150,000. While you could look through the list and find some NCRS certificated cars, many others had non-original motors and no less than 12 were presented as customs or resto-mods. When you break down the sales, average sales price was $63,169 and only 8 of the 53 Corvettes crossed the $100,000 mark.

The top seller of the auction was a 1958 Resto-mod, powered by a C6 LS2 V8, but very stock looking from outward appearances. This Corvette sold for $170,000. Runner up was a Nassau Blue 1966 Corvette Roadster powered by a 427/390 V8. This matching numbers Corvette came complete with documentation and was a NCRS Top Flight in June 2008.

Looking at the sales list we did some apparent bargains, again, dependant on whether or not these Corvettes were what the seller said they were, which is always something you have to question when looking at auction results. A black 1954 Corvette sold for $83,000. With only 4 known black ’54s in existence, the buyer may have the steal of the show. Proteam’s Terry Michaelis gave the camera a thumbs up after buying a 1968 L89 427/435 Corvette Roadster for $66,000. A low mileage original 1968 small block convertible sold for $31,000. And finally, a 1962 Ermine White roadster with a 327/360 fuel injected V8 sold for $64,000. Here is the sold list for the 2008 Barrett-Jackson Las Vegas Collector Car Auction:

LOT # YEAR MAKE/MODEL STYLE SALE
106 1979 CORVETTE COUPE $7,500
139 1968 CORVETTE COUPE $17,500
146 1989 CORVETTE CALLAWAY TWIN-TURBO COUPE $24,500
158 1969 CORVETTE CONVERTIBLE $33,000
164.1 1972 CORVETTE CUSTOM COUPE $33,000
168.1 1968 CORVETTE CONVERTIBLE $31,000
181 1966 CORVETTE COUPE $57,000
187 1967 CORVETTE CONVERTIBLE $50,000
203 1954 CORVETTE CUSTOM CONVERTIBLE $47,000
420.1 1990 CORVETTE ZR-1 COUPE $25,000
421 1973 CORVETTE T-TOP $27,000
428 1973 CORVETTE CONVERTIBLE $29,500
449 1969 CORVETTE CONVERTIBLE $42,500
464.1 1960 CORVETTE CONVERTIBLE $60,000
468 1958 CORVETTE CUSTOM CONVERTIBLE $58,000
471 1964 CORVETTE CONVERTIBLE $49,000
472 1966 CORVETTE COUPE $62,000
478 1965 CORVETTE CONVERTIBLE $62,000
479 1999 CORVETTE 1953 COMMEMORATIVE EDITION $64,000
482.1 1962 CORVETTE CONVERTIBLE $64,000
485 1965 CORVETTE COUPE $75,000
490 1957 CORVETTE CONVERTIBLE $72,000
503 1968 CORVETTE CONVERTIBLE $66,000
505 1961 CORVETTE CONVERTIBLE $80,000
511.1 1966 CORVETTE CUSTOM CONVERTIBLE $50,000
512 1962 CORVETTE CUSTOM CONVERTIBLE $80,000
514 2005 CORVETTE DAYTONA PACE CAR $40,000
514.1 1999 CORVETTE 24 HOURS OF LEMANS PACE CAR $25,000
514.2 1995 CORVETTE INDY PACE CAR #3 $41,000
518 2003 CORVETTE AVELATE CONVERTIBLE $85,000
518.1 1958 CORVETTE CONVERTIBLE $50,000
519.1 1972 CORVETTE COUPE $61,000
520 2000 CORVETTE AVELATE CUSTOM CONVERTIBLE $48,000
524.1 1958 CORVETTE RE-CREATION CONVERTIBLE $115,000
526.1 1966 CORVETTE CONVERTIBLE $52,000
528.1 1969 CORVETTE CUSTOM COUPE $44,000
533.1 1962 CORVETTE RE-CREATION CONVERTIBLE $85,000
721 1993 CORVETTE CONVERTIBLE $34,500
774.1 1962 CORVETTE CONVERTIBLE $77,000
778.1 1962 CORVETTE RESTO-MOD CONVERTIBLE $120,000
785 1954 CORVETTE CONVERTIBLE $50,000
786 1956 CORVETTE CONVERTIBLE $84,000
786.1 1966 CORVETTE COUPE $100,000
788 1958 CORVETTE RESTO-MOD CONVERTIBLE $170,000
794.1 1957 CORVETTE CONVERTIBLE $100,000
795.1 1966 CORVETTE CONVERTIBLE $155,000
807.1 1967 CORVETTE CONVERTIBLE $150,000
818 1955 CORVETTE CONVERTIBLE $102,000
822 1967 CORVETTE CONVERTIBLE $55,000
830 1954 CORVETTE CONVERTIBLE $83,000
832.2 2005 CORVETTE DAYTONA PACE CAR $51,000
833 1999 CORVETTE 24 HOURS OF LEMANS PACE CAR $34,000
833.2 2005 CORVETTE INDY PACE CAR #3 $70,000
         
      Total Corvette Sales: $3,348.000


Source:
Barrett-Jackson Collector Car Auction

Related:
[VIDEO] Auction Results: 1968 Corvette Convertible at Barrett-Jackson Las Vegas
[VIDEO] Auction Results: 1966 Corvette Coupe at Barrett-Jackson Las Vegas
Corvette Auction: Barrett-Jackson’s Inaugural Las Vegas Event

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1958 Corvette Resto-Mode was the top Corvette sale at Barrett-Jackson Las Vegas

As mentioned earlier today in our Results post, it seems wholly appropriate that the top Corvette sale at Barrett-Jackson’s inaugural collector car auction in Sin City was a Resto-Mod. On the final evening of the auction, this Silver-Blue 1958 Corvette Roadster was bided up and hammered home for $170,000.

This Corvette is a Resto-Mod done right. Blending the classic looks of the 1958 Corvette and preserving its stock appearance, one might never guess that lurking under the hood is a C6 Corvette’s 400 hp LS2 V8 coupled to a Tremec 6-speed transmission. Creature comforts like power steering, power windows, air conditioning, heated seats, iPod deck are all included.

The Corvette was built by Greg Thurmon of GTS Customs. The design concept was to preserve a stock look without sacrificing modern conveniences, handling and ride. This blend was achieved by converting original gauges to work with the LS2, painting the car in the original color of Silver Blue, custom dying the leather to match the stock Silver Blue vinyl, adding custom stock appearance shift plate, converting the original radio to AM/FM and most notably having custom wheels created to duplicate the look of the 1958 hubcaps, scaling up the diameter to accommodate modern profile 55 series tires.

Reportedly costing over $225,000 to build, the Corvette was sold for $170,000 to a very enthusiastic buyer.

1958 Corvette Resto-Mod 1958 Corvette Resto-Mod 1958 Corvette Resto-Mod


Source:
Barrett-Jackson Collector Car Auction
SPEED

Related:
[VIDEO] Auction Results: 1968 Corvette Convertible at Barrett-Jackson Las Vegas
[VIDEO] Auction Results: 1966 Corvette Coupe at Barrett-Jackson Las Vegas
Auction Results: Barrett-Jackson Las Vegas Tops $3.3 Million in Corvette Sales
Corvette Auction: Barrett-Jackson’s Inaugural Las Vegas Event

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1968 Corvette Auctioned by Barrett-Jackson

We really liked this 1968 Corvette that crossed the auction block at Barrett-Jackson’s Las Vegas Collector Car Auction Thursday evening. The Corvette roadster offers drop-top cruising, a very fun 327/350 L79 V8, and maybe its biggest selling point: Originality. SPEED’s commentators made the comment during this auction that cars are only original once, and this 1968 Corvette seems to fit the bill.

This 1968 Corvette turned 40 this year and wears its years very well. In addition to original lacquer paint, interior and chrome, this Corvette is also unmolested under the hood and still retains all its original numbers matching components included the desirable L79 327/350 V8, S-Speed Muncie transmission and the original Rochester 7028219 Quadrajet carb. Only 54,000 show on the odometer. The first year C3 also comes with an original owner’s manual and warranty book. The car spent almost its entire life in California and Arizona and is solid and rust free.

The final gavel price of $31,000 amazed SPEED’s Matt Stone, who immediately added the Corvette to his “Well Bought” list.

We agree with Matt. The new owner should consider running this Corvette through Bloomington to see if it could earn the coveted Survivor award. That certificate alone would add to the value of the car. It’s only original once…


Source:
Barrett-Jackson Collector Car Auction
SPEED

Related:
Corvette Auction: Barrett-Jackson’s Inaugural Las Vegas Event

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1966 Corvette Auctioned by Barrett-Jackson

One of the main reasons to pay close attention to this week’s Barrett-Jackson Las Vegas collector car auction is to see how the turbulent economy will play on Corvette values. Sure this is only the first of several midyears running through the auction, but judging from the gavel price of this nicely optioned 1966 Corvette Coupe small block, both buyer and seller should be pleased.

This Nassau Blue 1966 Corvette Coupe features a 327 cubic inch V8 rated at 350 horsepower and is paired with a 4-speed manual transmission. The numbers matching engine has less than 500 miles since a restored-to-original rebuild. The ’66 Coupe has all new and correct suspension including springs, shocks and bushings. The nearly new Firestone Goldline tires are correct for 1966. Non-original knock-off wheels and side exhaust give the Corvette excellent curb appeal.

The bidding started at $10,000 and quickly rose to $30,000 before a more methodical climb to its gavel price of $57,000. This is in the range that we’ve been seeing quality 1966 small blocks sell for and we believe that both buyer and seller should be satisfied.


Source:
Barrett-Jackson Collector Car Auction
SPEED

Related:
Corvette Auction: Barrett-Jackson’s Inaugural Las Vegas Event

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C3 Corvette Auctioned by Barrett-Jackson

Known for its glitz, high rollers and unlimited checkbooks, Las Vegas is the perfect location for a Barrett-Jackson Collector Car Auction. This week marks the company’s first foray into the town that never sleeps with three days of Corvettes, classics and the spectacle that surrounds any Barrett-Jackson auction. The three day event will be hosted at the Mandalay Bay Event Centers October 16-18 and will feature Live TV coverage courtesy of SPEED.

We count 57 Corvettes on the three day docket ranging in years from a 1954 roadster through a 2005 24 Hours of Le Mans Pace Car. This auction has a little bit of something for everyone with several non-matching number drivers, resto-mods and customs and of course, several big blocks are also on the menu.

Live coverage of Barrett-Jackson: Las Vegas is provided by SPEED with televised auctions running 7pm-12 midnight Thursday and Friday and 6pm with 12 Midnight on Saturday. Like always, we’ll be covering this Barrett-Jackson extensively as perhaps it will give us an indication of where Corvette pricing may be heading during these turbulent economic times.

We perused the list of cars and have the Corvette schedule listed below. Please note that the Daytona, Le Mans and Indy Pace cars were listed on Barrett-Jackson’s schedule for both Friday and Saturday nights. If we see it corrected, we’ll make that change here.

LOT # YEAR MAKE/MODEL STYLE AUCTION DAY
106 1979 CORVETTE COUPE OCT 16
139 1968 CORVETTE COUPE OCT 16
146 1989 CORVETTE CALLAWAY TWIN-TURBO COUPE OCT 16
158 1969 CORVETTE CONVERTIBLE OCT 16
164.1 1972 CORVETTE CUSTOM COUPE OCT 16
168.1 1968 CORVETTE CONVERTIBLE OCT 16
181 1966 CORVETTE COUPE OCT 16
187 1967 CORVETTE CONVERTIBLE OCT 16
203 1954 CORVETTE CUSTOM CONVERTIBLE OCT 16
420.1 1990 CORVETTE ZR-1 COUPE OCT 17
421 1973 CORVETTE T-TOP OCT 17
428 1973 CORVETTE CONVERTIBLE OCT 17
449 1969 CORVETTE CONVERTIBLE OCT 17
464.1 1960 CORVETTE CONVERTIBLE OCT 17
468 1958 CORVETTE CUSTOM CONVERTIBLE OCT 17
471 1964 CORVETTE CONVERTIBLE OCT 17
472 1966 CORVETTE COUPE OCT 17
478 1965 CORVETTE CONVERTIBLE OCT 17
479 1999 CORVETTE 1953 COMMEMORATIVE EDITION OCT 17
482.1 1962 CORVETTE CONVERTIBLE OCT 17
485 1965 CORVETTE COUPE OCT 17
490 1957 CORVETTE CONVERTIBLE OCT 17
497 1967 CORVETTE RESTO-MOD OCT 17
503 1968 CORVETTE CONVERTIBLE OCT 17
504 1965 CORVETTE 2 DOOR CUSTOM COUPE OCT 17
505 1961 CORVETTE CONVERTIBLE OCT 17
511.1 1966 CORVETTE CUSTOM CONVERTIBLE OCT 17
512 1962 CORVETTE CUSTOM CONVERTIBLE OCT 17
514 2005 CORVETTE DAYTONA PACE CAR OCT 17
514.1 1999 CORVETTE 24 HOURS OF LEMANS PACE CAR OCT 17
514.2 1995 CORVETTE INDY PACE CAR #3 OCT 17
518 2003 CORVETTE AVELATE CONVERTIBLE OCT 17
518.1 1958 CORVETTE CONVERTIBLE OCT 17
519.1 1972 CORVETTE COUPE OCT 17
520 2000 CORVETTE AVELATE CUSTOM CONVERTIBLE OCT 17
524.1 1958 CORVETTE RE-CREATION CONVERTIBLE OCT 17
526.1 1966 CORVETTE CONVERTIBLE OCT 17
528.1 1969 CORVETTE CUSTOM COUPE OCT 17
533.1 1962 CORVETTE RE-CREATION CONVERTIBLE OCT 17
721 1993 CORVETTE CONVERTIBLE OCT 18
774.1 1962 CORVETTE CONVERTIBLE OCT 18
778.1 1962 CORVETTE RESTO-MOD CONVERTIBLE OCT 18
785 1954 CORVETTE CONVERTIBLE OCT 18
786 1956 CORVETTE CONVERTIBLE OCT 18
786.1 1966 CORVETTE COUPE OCT 18
788 1958 CORVETTE RESTO-MOD CONVERTIBLE OCT 18
794.1 1957 CORVETTE CONVERTIBLE OCT 18
795.1 1966 CORVETTE CONVERTIBLE OCT 18
807.1 1967 CORVETTE CONVERTIBLE OCT 18
818 1955 CORVETTE CONVERTIBLE OCT 18
822 1967 CORVETTE CONVERTIBLE OCT 18
830 1954 CORVETTE CONVERTIBLE OCT 18
832.2 2005 CORVETTE DAYTONA PACE CAR OCT 18
833 1999 CORVETTE 24 HOURS OF LEMANS PACE CAR OCT 18
833.2 2005 CORVETTE INDY PACE CAR #3 OCT 18


Source:
Barrett-Jackson Collector Car Auction

Related:
Friday’s Featured Corvettes for Sale: The Bruce Willis Collection
Barrett-Jackson Palm Beach 08: Corvette Sales Top $3.8 Million
Barrett-Jackson 08: Corvette Auctions Top $11 Million in Sales

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Bruce Willis and his 1967 Corvette Roadster

Bruce Willis not only has a collection of dirty, bloody, ripped up white t-shirts, as that seems to be how every movie ends with him wearing, but apparently he’s a fairly serious collector of American muscle cars. Come October 25th, his collection will be a bit lighter as he’s selling several cars including two Corvettes.

Strength, performance and individuality are all words that could describe Bruce and the characters he portrays in the movies, but we’re talking about his classic car collection, and most notably his Corvettes. The two cars will be offered up for auction by well-known auctioneers Bonhams & Butterfields October 25th at the Peterson Automotive Museum in Los Angeles.

1957 Corvette Owned by Bruce Willis 1957 Chevrolet Corvette Convertible
A gift from his then wife Demi Moore, it received a thorough restoration and retains its original 283cu-in engine delivering 220hp, has Powerglide transmission, front disc brakes, power booster, power steering, and comes with both soft and hard tops.
(Estimated Price: $70,000/$90,000)
 
1967 Corvette Owned by Bruce Willis 1967 Chevrolet Corvette Roadster
Considered the most desirable year-model Corvette in history, this 427cu-in big block offers 435hp and takes off like it’s turbocharged when the second set of Holley 2-barrel carbs comes on line. Like all of Willis’ cars, it has extras like power brakes, power steering, Cragar S/S alloy wheels, and an Alpine 5-CD changer in the glove box with an infrared remote so it doesn’t detract from the otherwise stock appearance or require removal of the original AM-FM radio.
(Estimated Price: $110,000/$150,000)

In addition to the Corvettes, Bruce is also offering up a 1968 Pontiac Firebird 400 Convertible, a 1968 Shelby Mustang GT 500 Convertible and a 1969 Dodge Charger.

Check out Bonhams & Butterfields website for more details. Interested collectors may register to bid in person or remotely via the website or by telephone.


As a matter of full disclosure, I am also partial to 1968 Pontiac Firebirds as that’s the car I bought for my son several years ago. However, reports of his Firebird beating my 66 Corvette in a race have been greatly exaggerated.


Source:
Bonhams & Butterfields

Related:
eBay: Charlton Heston’s 1999 Corvette For Sale
Celebrity Sighting: Rush Hour Corvette For Sale on eBay

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Auction Results: Corvettes at Carlisle 2008

by Keith Cornett on September 18, 2008

1967 Corvette Sold at Corvettes at Carlisle 2008

We got the auction results from last month’s Corvettes at Carlisle auction and despite the fact the auction was held on Friday and featured a sales success rate of just 36%, I am going to take a “glass is half full” approach. For the collector with less than deep pockets, the first time Corvette buyer or an enthusiast looking for a decent quality driver, the auction at Corvettes at Carlisle may just be the place to buy your next Corvette.

First the specifics: The auction at Corvettes at Carlisle is not what it once was in year’s past. Since the auction was moved in-house last year, it’s been reduced to a one-day event, and this year it was held on Friday of all days. 80 Corvettes crossed the block and 29 sold, earning a sales success rate of 36%. The 29 Corvettes totaled $731,050 in sales. Although these numbers are comparable to 2007′s auction, total sales were down almost $244,000 from last year’s $974,950.

In an attempt to shake up the auction landscape, Carlisle made some changes this year benefiting both sellers and buyers by offering free consignment as well as waiving bidder registration fees. The fact that Corvettes aren’t selling at Carlisle like the rates of other primarily Corvette auctions is just as much related to seller expectations as to the current market: Sellers are holding on to cars and may be waiting for better times and many buyers are primarily searching for a deal and passing on anything else. The simple fact is that it takes two to move a Corvette at an auction, a motivated seller and a buyer with cash in hand.

But as I look down the list of cars that did sell at this year’s event, I am seeing what appears to be some pretty good deals. So it just may be that auction at Corvettes at Carlisle could very well turn into the enthusiast auction where decent cars are sold for a fair price. Call it the anti-Barrett-Jackson auction. So let’s take a look at some of the cars that did sell.

The top seller was a 1967 Corvette Convertible with a 427/390 hp engine and a close ratio 4-speed transmission. Red with a black top and black stinger hood, this Corvette gets an A in curb appeal. Documented with owner history and the original Protect-O-Plate, this big block sold for $86,500. Well bought and sold.

Looking for a unique piece of history? How about a Supercharged 1954 Roadster. This Corvette features one of less than two dozen McCulloch supercharged engines produced in 1953/54. McCulloch cars are identified by the “SUPERCHARGED” script on the front about the Corvette emblem. This Corvette had some wear, but for the collector looking for something a bit different, $65,000 was enough to take this cool little roadster home.

Finally, the late Chip Miller’s personal 1994 Corvette ZR-1 was offered up by his son Lance at no reserve. This exceptional Polo Green Metallic Corvette ZR-1 is number 200 of only 448 produced in 1994 and features just 11,700 miles. Chip loved the ZR-1 for its unique LT-5 engine which all but guaranteed collectibility in future years. The Corvette was sold for $30,000. Again, this was a great price for a Corvette owned by one of the giants in the hobby.

Here are the full results from the 2008 Corvettes at Carlisle Auction:

YEAR MODEL BODY SOLD HIGH BID
1954 Corvette Convertible SOLD $65,000
1956 Corvette Convertible High Bid $71,000
1956 Corvette Convertible High Bid $39,500
1957 Corvette Convertible High Bid $72,000
1958 Corvette Convertible High Bid $75,000
1958 Corvette Convertible SOLD $47,500
1958 Corvette Convertible High Bid $85,000
1960 Corvette Convertible High Bid $59,000
1961 Corvette Convertible High Bid $49,000
1962 Corvette Convertible High Bid $75,000
1962 Corvette Convertible High Bid $87,000
1963 Corvette Split Window High Bid $75,000
1963 Corvette Split Window SOLD $46,000
1964 Corvette Coupe High Bid $90,000
1964 Corvette Coupe High Bid $110,000
1964 Corvette Coupe SOLD $32,000
1964 Corvette Coupe High Bid $35,000
1965 Corvette Convertible High Bid $69,000
1965 Corvette Convertible High Bid $45,000
1965 Corvette Coupe High Bid $94,000
1966 Corvette Convertible High Bid $74,000
1966 Corvette Coupe High Bid $72,500
1966 Corvette Coupe SOLD $30,000
1966 Corvette Convertible High Bid $42,000
1966 Corvette Convertible High Bid $30,000
1967 Corvette High Bid $45,000
1967 Corvette High Bid $41,000
1967 Corvette Coupe High Bid $95,000
1967 Corvette Coupe High Bid $45,000
1967 Corvette Convertible High Bid $47,000
1967 Corvette Coupe SOLD $47,500
1967 Corvette Convertible High Bid $52,000
1967 Corvette Convertible SOLD $86,500
1968 Corvette Coupe SOLD $16,000
1969 Corvette Convertible High Bid $27,000
1969 Corvette Coupe High Bid $94,000
1970 Corvette Coupe High Bid $74,000
1970 Corvette Convertible SOLD $28,500
1970 Corvette Coupe High Bid $27,500
1970 Corvette Stingray SOLD $15,250
1971 Corvette Stingray High Bid $7,000
1972 Corvette Convertible High Bid $40,000
1972 Corvette Convertible High Bid $27,000
1972 Corvette Coupe SOLD $17,500
1972 Corvette LT-1 Coupe High Bid $32,000
1972 Corvette Stingray SOLD $13,000
1972 Corvette Convertible High Bid $46,000
1973 Corvette Coupe High Bid $18,000
1974 Corvette Coupe High Bid $14,500
1975 Corvette Convertible SOLD $16,000
1976 Corvette High Bid $6,700
1978 Corvette High Bid $5,500
1978 Corvette SOLD $11,500
1978 Corvette Coupe SOLD $19,000
1978 Corvette High Bid $13,000
1979 Corvette Coupe High Bid $11,500
1980 Corvette Coupe (T-Top) SOLD $8,100
1980 Corvette Coupe High Bid $8,000
1981 Corvette Coupe SOLD $3,900
1981 Corvette Coupe SOLD $11,000
1982 Corvette Coupe SOLD $13,750
1982 Corvette Coupe SOLD $10,500
1985 Corvette Coupe High Bid $6,500
1986 Corvette Coupe SOLD $4,500
1986 Corvette SOLD $6,300
1987 Corvette Callaway Coupe High Bid $20,000
1989 Corvette Callaway Coupe High Bid $25,000
1990 Corvette ZR-1 Coupe High Bid $28,000
1992 Corvette Coupe SOLD $8,750
1994 Corvette ZR-1 Coupe SOLD $30,000
1999 Corvette Convertible High Bid $87,000
1999 Corvette Convertible SOLD $16,000
2003 Corvette Convertible SOLD $36,000
2003 Corvette Convertible SOLD $28,500
2005 Corvette Covertible High Bid $38,000
2005 Corvette Coupe High Bid $30,000
2006 Corvette Convertible SOLD $37,500
2007 Corvette Coupe High Bid $32,500
2007 Corvette Z06 SOLD $55,000
2007 Corvette Convertible High Bid $49,000


Source:
Carlisle Auctions

Related:
Auction Results: Corvettes at Carlisle 2007
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1962 Gulf Oil Corvette

One of the most dominating Corvettes in auto racing history was sold over the weekend at Gooding & Company’s Pebble Beach Auction for an astounding $1.485 million. Grady Davis’ Gulf Oil Racing Team purchased the Corvette in 1962 from Yenko Chevrolet and the car was campaigned by none other than “The Flying Dentist”, Dr. Dick Thompson in the 1962 SCCA-A Production Class. In 14 races, the Gulf Oil ’62 Corvette finished first in class 12 times including wins at Daytona and Sebring and captured the 1962 A-Production Championship.

The Corvette was sold at the end of the 1962 season to Tony Denman who successfully raced the car throughout 1963, finishing second in class at Daytona while battling against newer Corvettes, Ferrari GTOs and Porsches. At the end of the 1963 season, Denman removed most of the high performance racing parts in order to sell the car as a typical street Corvette.

Almost 20 years later, the Corvette was discovered by the Rev. Mike Ernst who found the Corvette, now painted red, being driven by a college student who was using the Corvette as a daily driver. In researching the Corvette, Ernst found the car came with the rare and highly sought after RPO 687 package which includes the heavy duty brakes, suspension and steering. The Corvette also had a 37-gallon fuel tank which was common for RPO 687 Corvettes that were raced at the time.

Ernst began restoration of the 1962 Corvette in the early 1980′s. The disassembly and paint-stripping process revealed the car to be none other than Dick Thompson’s 1962 Gulf Oil Corvette. Ernst was able to track down Tony Denman who had stored most of the high performance racing parts from the Corvette in his parent’s garage before selling them in 1979. With Denman’s assistance, Ernst tracked down the buyer of the parts and bought them back, reuniting them with the Corvette in May of 1985.

Among the list of parts were Stewart Warner gauges, roll bar, some of the Yenko extra-heavy-duty suspension pieces, aluminum bell housing, separate scatter shield, engine block, cylinder heads, exhaust manifolds, Posi-Traction units, ring and pinions and various hardware. After these racing parts were reassembled, the Corvette was painted its original Ermine White and Blue livery and became the first recipient of the NCRS American Heritage Award.

The 1962 Gulf Oil Corvette returned to the track and raced at Laguna Seca and Palm Springs. It was shown at the Carlisle of Corvettes Racer and Race Car reunion and in 2002 underwent a complete restoration by Doug Prince and Jerry Roman.

In 2005, the Corvette was inducted into the Bloomington Gold Hall of Fame and was displayed at the Petersen Automotive Museum and was shown at Corvette’s 50th Anniversary Celebration.

Last year the Corvette underwent another restoration by Kevin Mackay of Corvette Repair in New York.

The 1962 Gulf Oil Corvette features a number of astonishing details including an original Motorola two-way radio, allowing car on-course-to-pit communication. It’s believed to be the first use of such equipment in a race car. Other details include correct Koni shock absorbers, finned heavy-duty brakes, painted steel wheels wearing period-correct Goodyear tires, enormous fiberglass scoops for brake cooling. The driveline reveals its content to consist of original date-stamped parts, including the original matching-numbers engine.

The Corvette is highly documented with a collection of publications that featured articles about the race car and an extensive collection of photos from its racing days. In addition to its NCRS and Bloomington Gold certificates, a bill of sale from Yenko Chevrolet to Grady Davis is also included.

1962 Gulf Oil Corvette 1962 Gulf Oil Corvette 1962 Gulf Oil Corvette
1962 Gulf Oil Corvette 1962 Gulf Oil Corvette 1962 Gulf Oil Corvette
1962 Gulf Oil Corvette 1962 Gulf Oil Corvette 1962 Gulf Oil Corvette

Gooding & Company estimated the sale of the Gulf Oil Corvette would bring between $950,000 – $1,250,000. When the gavel dropped on Saturday, August 17th, the final price was $1,485,000, well above the presale estimates. With its winning pedigree in FIA sanction events which included the 1962 Daytona and Sebring races, the 1962 Gulf Oil Corvette is eligible for any international FIA historical events including the LeMans Classic 24 and Goodwood Revival races.


Source:
Gooding & Company Related:
Racing Fans – Buy Your Own Corvette C6.R Racecar Technorati Tags:
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The first 2009 Corvette ZR1 rolls off the assembly line

Chevrolet Dealer and Corvette Collector Dave Ressler was in Bowling Green yesterday to accept delivery of the first retail 2009 Corvette ZR1. Ressler is well known for buying the 6.2 liter supercharged Corvette at January’s Barrett-Jackson Collector Car Auction for $1 million. The special one of a kind Corvette features a unique VIN and will be the only one painted LeMans Blue.

Ressler was in the driver’s seat as the Corvette rolled off the assembly line. Next to him was his 10 month old grand daughter named Ayden Lynn who honked the horn a couple times during the event. The Corvette had a personalized license plate that read “Ayden Lynn” and Ressler referred to the ZR1 several times as his “granddaughter’s car”.

Back in January during the Barrett-Jackson auction, it was very much apparent that Ressler intended to be the high bidder of the Corvette ZR1, raising the bids in $100,000 increments and then sealing the deal at $900,000 by raising his own bid an additional $100,000 to make the gavel fall at $1 Million dollars.

The amount of money over the MSRP, estimated to be at $103,300 – $117,000 depending on options, will go to the United Way of Southeast Michigan.

After the Corvette was performance tested, it was parked outside the Bowling Green Assembly Plant next to Ressler’s other well-known Corvette, the #003 1953 Corvette which, coincidentally, he paid $1 Million for at the Barrett-Jackson Scottsdale auction back in 2006. “I’m proud to have the oldest Corvette along with the newest, best ‘Vette yet,” said Ressler.

Ressler plans to have the Corvette ZR1 trailered back to his home in Bozeman, Montana and put in his museum, where he already has 45 other Corvettes.

Sources:
WBKO.com

Related:
[VIDEO] Barrett-Jackson 08: 1st 2009 Corvette ZR1 Sold for $1 Million
#003 1953 Corvette Sells for 1 Million Dollars

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Corvette Auction Results: 2008 Bloomington Gold

by Keith Cornett on July 8, 2008

1971 Corvette ZR2

If the Corvette market in the current economy can be defined by the sales results of Bloomington Gold, the Country’s largest all Corvette auction, it would show that condition 1 classic Corvettes with documentation and/or racing provenance continue to sell well. The results (or lack of) also show that those Corvettes in less than perfect condition or those that have received amateur restorations are now giving up some of the gains they’ve made over the last few years.

From all accounts, the Bloomington Gold auction was a success. We saw record prices set for highly rare Corvettes like a 1971 Corvette ZR2 Convertible which sold for $550,000. That price bested a 1971 ZR2 Coupe that sold at January’s Barrett-Jackson auction for $357,500. A Tuxedo Black 1967 Corvette Convertible with an L68 (427/400) engine changed hands for $320,000. Topping off the unique sales list was a special collection of six consecutive year (1990-1995) C4 ZR1 Corvettes sold for $231,000.

Two 1953 Corvettes were offered as part of the Fred and Terry Michaelis Collection, but both failed to reach reserve. VIN #93 reached a high bid of $310,000 while VIN #268 made it up to a high bid of $270,000. Despite 8 1953 Corvettes selling for record highs last year, we have yet to watch one of the first year Corvettes sell at a public auction this year.

One of the big draws at this year’s auction was the special collection of three #001 Corvettes. The Corvettes, a 1955, 1956 and 1957, all were the first Corvettes produced for sale in their respective years. As a group, the troika reached a high bid of $2.8 Million but fell short of the reserve. The Corvettes were then offered individually with each of the cars failing to meet the seller’s reserve. The Polo White 1955 received a high bid of $850,000, the Venetian Red 1956 was bid up to $900,000 and the Cascade Green 1957 Corvette’s high bid was $950,000.

2008 Bloomington Gold Auction Results:

Lot # Year Description Price
S94 1954 Corvette Convertible $78,000
S68 1954 Corvette Convertible 235/150 hp Red $85,000
F66 1955 Corvette Convertible 265/195 hp $71,250
S59 1955 Corvette Convertible $80,000
F73 1956 Corvette Convertible 265/225 hp $98,000
S130 1957 Corvette Convertible 327 ci $25,500
F126 1957 Corvette Convertible 283/283 hp $78,000
S115 1957 Corvette Convertible 283/270 hp $157,500
S50 1958 Corvette Convertible $79,000
S53 1958 Corvette Convertible 283/250 hp FI $80,000
S77 1958 Corvette Convertible 283/290 hp $111,000
F19 1959 Corvette Convertible 327 ci $41,500
S134 1959 Corvette Convertible 283 ci $43,750
S44 1959 Corvette Convertible 283/245 hp $47,000
F122 1959 Corvette Convertible $55,000
S86 1959 Corvette Convertible 283/290 hp $100,000
S71 1959 Corvette Convertible 283/270 hp $137,000
F59 1960 Corvette Convertible 283 ci $50,000
S96 1960 Corvette Convertible $81,000
S93 1960 Corvette Convertible 283/270 hp $98,000
F72 1962 Corvette Convertible 327/360 $67,000
S82 1962 Corvette Convertible 327/360 hp $74,500
S126 1962 Corvette Convertible 327/360 $92,000
S28 1962 Corvette Convertible 327/360 hp $130,000
F94 1963 Corvette Coupe 327/300 hp $43,250
F112 1963 Corvette Coupe 327/300 hp $47,500
F92 1963 Corvette Convertible 327/300 hp $68,500
S19 1963 Corvette Convertible 327/360 hp $90,000
S133 1964 Corvette Coupe 327/300 hp $47,500
S13 1964 Corvette Convertible 327/300 hp $55,000
S87 1964 Corvette Coupe Z06 Tanker $172,000
F95 1965 Corvette Coupe 327 FI $87,500
F127 1966 Corvette $6,900
F23 1966 Corvette Convertible 327/300 hp $43,750
F120 1966 Corvette $73,000
S104 1966 Corvette Convertible 427/390 hp $80,000
F102 1966 Corvette $82,000
S111 1966 Corvette Coupe 427/425 hp $82,500
S118 1966 Corvette Coupe 427/390 hp $119,000
F71 1967 Corvette Coupe 327 ci $45,000
F98 1967 Corvette 327/350 $51,000
F39 1967 Corvette Convertible 327/350 hp $55,000
S132 1967 Corvette Convertible 327/350 hp $58,000
S24 1967 Corvette Convertible 327/300 hp $61,000
F34 1967 Corvette Coupe 327/350 hp $62,000
F74 1967 Corvette Convertible 427/400 hp $101,000
X11 1967 Corvette Coupe 427/435 hp $110,000
S127 1967 Corvette Convertible 427/435 hp $115,000
S129 1967 Corvette Convertible 427/435 hp $148,000
X10 1967 Corvette Convertible 427/435 hp $165,000
X9 1967 Corvette Convertible 427/435 hp $235,000
S73 1967 Corvette Convertible 427/400 hp COPO $320,000
S30 1968 Corvette $31,000
S65 1968 Corvette $37,500
S112 1968 Corvette Convertible 427/400 hp $48,500
S64 1968 Corvette Convertible 427/435 hp $77,000
S6 1968 Corvette Coupe L88 Race Car $220,000
F33 1969 Corvette Convertible $21,000
F48 1969 Corvette Convertible 350/300 $24,000
S26 1969 Corvette Convertible 427/390 hp $35,500
F45 1969 Corvette 427/390 hp $45,000
S48 1969 Corvette Coupe 427/390 hp $47,500
S20 1969 Corvette Convertible 350/350 hp $55,000
X19 1969 Corvette Coupe 427/435 hp $89,000
S120 1969 Corvette Convertible 427/390 hp $95,000
F46 1970 Corvette $20,500
F18 1970 Corvette Coupe 454/390 hp $26,750
S60 1970 Corvette $42,000
X24 1970 Corvette Convertible LT1 350/370 hp $54,000
X25 1970 Corvette Coupe LT1 350/370 hp $80,000
S108 1970 Corvette Coupe ZR1 350/370 hp $180,000
F17 1971 Corvette Coupe 350/270 hp $15,000
F60 1971 Corvette $19,000
S58 1971 Corvette Convertible $44,000
S15 1971 Corvette Coupe LT1 350/330 hp COPO $58,000
S107 1971 Corvette Convertible ZR2 $550,000
S25 1972 Corvette $16,000
S49 1972 Corvette Convertible 350/200 hp $54,500
F129 1973 Corvette Coupe 350/190 hp $6,900
F24 1973 Corvette Coupe 454/275 hp $17,250
F118 1973 Corvette Convertible $17,500
S16 1973 Corvette Convertible 350/190 hp $20,000
F29 1974 Corvette $11,000
F40 1975 Corvette Coupe $10,750
F32 1978 Corvette $5,000
F53 1978 Corvette Coupe L82 4-Speed $8,600
F134 1978 Corvette $10,500
F26 1979 Corvette Coupe 350,195 hp” $10,000
F65 1979 Corvette $12,500
F35 1979 Corvette $26,000
F20 1980 Corvette Coupe 350/190 hp $15,500
F25 1980 Corvette $25,000
F63 1981 Corvette Coupe 2-Tone $26,000
F119 1982 Corvette Coupe 350 ci $6,700
F51 1982 Corvette Coupe Collector’s Edt $11,500
F52 1982 Corvette $12,250
F44 1982 Corvette 350/200 hp $18,000
S52 1982 Corvette $21,000
F111 1986 Corvette Convertible Pace Car $6,800
S32-37 1990-95 Corvette Coupe ZR-1 Collection $220,000
S9 1990 Corvette Coupe ZR-1 350/375 hp $24,000
F3 1991 Corvette Coupe $5,500
F80 1992 Corvette ZR-1 Lingenfelter Coupe 350/475 hp $23,500
F135 1993 Corvette $15,750
F107 1993 Corvette Coupe 40th Anv $17,500
S3 1993 Corvette Coupe $26,500
F121 1993 Corvette Coupe ZR1 350/405 hp $39,500
F2 1994 Corvette $8,900
S111.1 1995 Corvette Nassau Roadster $35,500
F128 1996 Corvette Coupe $5,700
F133 1996 Corvette $17,000
F8 1999 Corvette Convertible $17,500
S31 2001 Corvette Coupe Z06 $26,250
S23 2001 Corvette Coupe Z06 350/385 hp $28,000
F61 2002 Corvette $21,750
F124 2003 Corvette Convertible Z06 $30,500
F69 2003 Corvette Convertible 50th – VIN 50 $70,000
F131 2004 Corvette $29,750
S110.1 2004 Corvette $105,000
F106 2006 Corvette Z51 $33,500

Mecum Auctions handled the gavel duties of the two day auction. $8,745,619 in total Corvette sales were recorded with a sales success percentage listed as 47%.

The next major Corvette auction will be Corvettes of Carlisle on August 22-23rd. Carlisle is offering free consignments to sellers, but hurry as the July 15th deadline is rapidly approaching.


Source:
Mecum Collector Car Auctions

Related:
Proteam To Offer 40+ Corvettes at Bloomington Gold Auction
Mecum Offering Collection of Three Serial #1 C1 Corvettes at Bloomington Gold High Auction

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