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Auctions & Results

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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1966 Corvette Coupe offered by Fred and Terry Michaelis

Over 500 Corvettes are expected to be offered at this year’s Bloomington Gold Auction which gets underway this afternoon. While many collectors consign a number of Corvettes to the country’s largest Corvette-only auction, this year’s event has a special collection of 42 Corvettes that have been hand-picked from the personal collection of Fred and Terry Michaelis of Proteam Corvette fame.

Many of these Corvettes are already Bloomtington Gold certified and represent the best of the best. These low mile, high horsepower and unique-optioned Corvettes will be offered over the two day event. After the jump are some of our favorites.

1966 Corvette Coupe offered by Fred and Terry MichaelisAnyone reading this blog for any length of time knows that I’m a sucker for Black Corvettes. And honestly, what could be better than this 1966 427/425 hp Tuxedo Black Coupe? With just 27,725 miles on the odometer and a super rare unique interior color combination of a Bright Blue dash and carpet with white leather seats, this Corvette offers the buyer the complete trifecta mentioned above. Other options include the M-21 4-speed transmission, F-41 special heavy duty brakes and full documentation includeing the warranty book and Protect-O-Plate. The selling time for this midyear coupe is Saturday at 2:10 pm.

1953 Corvette #93 offered by Fred and Terry MichaelisLast year we saw a run on 1953 Corvettes with eight being sold at public auctions throughout the Country with average prices of just under $320,000. Terry and Fred are bringing one of the finest 1953 Corvettes to Bloomington this year which will give us a chance to see if the market is still hot for the first year Corvette. This 1953 is VIN #93 and is considered one of the best 1953′s in the World. Like all 1953 Corvettes, this one is Polo White with Sportsman Red interior, has the Blue Flame straight-six powerplant coupled to a Powerglide transmission. Other options include the Wonderbar radiom, E-brake warning light, windshield washers and Courtesy Lights. This 1953 is nationally known with multiple NCRS Top Flught awards and a NCRS Duntov Mark of Excellence Award in 2005. This Corvette is expected to sell at 3:00 pm on Saturday.

1959 Resto-Rod Corvette offered by Fred and Terry MichaelisWith Proteam’s reputation for high quality original Corvettes, its kinda interesting to find a resto-rod in Fred and Terry’s collection. But like all restor-rod Corvette lovers, they were probably intriqued with having a Corvette that combined with the early model classic looks with late model Chevy performance. This resto-rod was built utilizising a 1959 Corvette Convertible body on a special Paul Newman chassis that was built to hold 1994′s LT4 350 ci 300 hp engine and 6-speed transmission. Like the Grand Sports built in 1996, this Corvette has a Grand Sport Admiral Blue exterior and Black leather interior. All the comforts of late model Corvettes are built into this 1959 Corvette include air conditioning, power steering, power brakes, AM/FM stereo with CD changer and halibrand knock-off wheels. The Corvette comes with documenation of the build process and includes a matching gas powered Corvette go-cart. This resto-rod Corvette will be auctioned on Friday.

For a full list of Corvettes being offered at this year’s Bloomington Gold Auction, check out the Cars List at Mecum Auctions. Look for lots beginning with X to denote that the Corvette comes from the Fred and Terry Michaelis special collection.

We’ll have more coverage of the auction as well as results as soon as their offered.


Source:
Mecum Collector Car Auctions

Related:
Corvette Auction Results: Dana Mecum’s Spring Classic
Mecum Offering Collection of Three Serial #1 C1 Corvettes at Bloomington Gold High Auction

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Watch the Bloomington Gold Corvette Auction Live!

by Keith Cornett on June 27, 2008

Watch the Bloomington Gold Corvette Auction Live

Mecum’s Bloomington Gold Corvette Auction is being broadcasted live on the web this weekend. The auction starts at 3pm CST on Friday and 2pm CST Saturday and are expected to run well into the evening. The live feed is being carried here at CorvetteBlogger.com and can be viewed after the jump.

For a full list of Corvettes being offered at this year’s Bloomington Gold Auction, check out the Cars List at Mecum Auctions.


Source:
Mecum Collector Car Auctions

Related:
Proteam To Offer 40+ Corvettes at Bloomington Gold Auction
Corvette Auction Results: Dana Mecum’s Spring Classic
Mecum Offering Collection of Three Serial #1 C1 Corvettes at Bloomington Gold High Auction

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2009 Corvette ZR1

RM Auctions announced that its Sports & Classics of Monterey Auction will feature a new 2009 Corvette ZR1 to benefit the Texas non-profit relief agency GRACE. The Monterey auction will take place August 15-16 at the Portola Hotel and Spa and coincides with the Pebble Beach Concours d’Elegance. RM’s Monterey auction is one of the largest classic and exotic car auctions in the country. Last year’s Sports and Classics auction saw 190 cars sell for $46 million including 10 Corvettes that combined for just over $1 million in sales.

This will be the second time that the Corvette ZR1 has been featured at a high profile public auction with the proceeds benefiting a charity. Earlier this year, car dealer Dave Ressler paid $1 million dollars at Barrett-Jackson’s Scottsdale auction to own the first retail Corvette ZR1. Our video of that auction auction is below:

The Corvette ZR1 that will be offered at Monterey is Victory Red and is provided by RM Auctions in association with the Thompson Group at Classic Chevrolet. The GRACE charity provides the food, clothing and other assistance to people in emergency situations.

With the Corvette ZR1s hitting the open market, we doubt this auction will generate a selling price anywhere near the Barrett-Jackson auction. Still, this could be a great opportunity for a well-healed buyer to not only become one of the first Corvette ZR1 owners in the country, but do some good for the neighborhood in the process.

Auction details can be found at RM Auctions.


Source:
Inside Line

Related:
Barrett-Jackson 08: [VIDEO] 1st 2009 Corvette ZR1 Sold for $1 Million
Corvettes Bring in $2.5 Million During Monterey Auctions

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Ferrari Formula One driver Kimi Raikkonen

Ferrari’s F1 World Champion Kimi Raikkonen paid $200,000 Euros or $329,326 USD for Sharon Stone’s 1974 Corvette at the Amber Fashion Show in Monaco this weekend. The auction was part of the F1 race festivities this weekend at Monte Carlo’s Meridien Beach plaza. The celebrity auction raised approximately $1.65 million for the Elton John AIDS Foundation. The 1974 Corvette is said to have just four miles on the odometer and is stored in Los Angeles. The $329,326 USD is certainly one of the highest if not the highest amount paid for a 1974 Corvette.

This is the second time Stone’s 1974 Corvette has been offered in an Elton John Foundation auction. Earlier this year the Corvette was a no-sale after a hapless participant at Elton John’s post-Oscar party and auction opened the bidding at $1 million, thinking he would be outbid. Unfortunately no else did bid and he had to tell Stone that it was joke. From all accounts, she was not amused.

Kimi Raikkonen is the highest paid Formula 1 driver with a contract estimated to be $50 Million USD. In 2007 Kimi switched rides from McLaren to Ferrari and captured the Formula One Drivers Championships by one point.


Source:
Reuters
Photo Credit: REUTERS/Stefano Rellandini

Related:
Deadbeat Bidder Ruins Auction of Sharon Stone’s 74 Corvette

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1969 427/435 L89 Corvette Coupe

For six previous weekends, Dana Mecum has been holding court at the Indianapolis Fairgrounds and doing what he does best – selling Corvettes and muscle cars. Two weeks ago Mecum’s Muscle Cars & More series that aired on the HD Theater network ended with a night of Corvettes. So it was with some interest that I tuned in over the weekend of May 15-17th to see the group of Corvettes offered at the newly relocated Spring Classic. What struck me the most about the Spring Classic Corvettes was how affordable some of these cars were.

Over the four day auction we counted 53 Corvettes offered with 37 selling. That’s 70% of Corvettes that were offered were sold for a total of $1,457,300. That’s an average of $39,386 per Corvette.

The top sale and the only Corvette to break the $100,000 barrier was a White 1968 Corvette Coupe with an L89 427/435 aluminum-head engine, which sold for $115,000. This Corvette features just 9,865 original miles and comes with a bevy of awards and certifications including NCRS 4 Star Bowtie, NCRS National Top Flight, Bloomington Gold Survivor and Bench Certification and the Triple Crown Award.

Second on the top selling list was a 1962 Fawn Beige Corvette with a 327/360 Fuel Injected engine coupled to a 4-speed transmission. Sold for $90,000, the ’62 features a fresh body-off restoration by an NCRS member who has been judging solid axle Corvettes since 1997.

We also saw a number of midyear Corvettes selling at prices not seen recently. However we were not at the auction and the descriptions of some of these Corvettes are severely lacking in details. Having said that, 5 midyears out of 14 offered sold for under $40,000.

Early C3 Corvettes models were out in force at the Spring Classic. Six Corvettes from 1969 were offered with 5 selling. Helped by the high price of our L89 Top Seller, these Corvettes sold for an average of $55,900.

Here are the full results from the Mecum Spring Classic in Indianapolis:

LOT YEAR MODEL SOLD HIGH BID
S84 1954 Corvette Resto-Mod   $70,000
T155 1956 Corvette Resto-Mod – 350/370 $60,000  
S164 1956 Corvette Convertible   $70,000
S27 1958 Corvette Convertible $65,000  
S161 1959 Corvette Convertible Resto-Mod $80,000  
T143 1962 Corvette Convertible – 327/360   $78,000
S199 1962 Corvette Convertible – 327/360 FI $90,000  
T56 1963 Corvette Convertible $36,000  
T144 1963 Corvette Convertible – 327/360 $85,000  
F204 1963 Corvette Convertible $55,000  
S51 1963 Corvette $51,500  
T100 1964 Corvette Convertible $35,000  
F250 1965 Corvette Convertible – 327/375 $72,500  
S20 1965 Corvette Convertible $38,250  
S21 1965 Corvette Convertible   $22,000
S85 1965 Corvette Coupe – 327/365 $62,500  
F133 1966 Corvette Convertible $36,500  
F182 1966 Corvette Coupe – 327/350 $50,000  
T31.1 1967 Corvette – 427/400   $115,000
S24 1967 Corvette Convertible $78,500  
S50 1967 Corvette Convertible $38,000  
T119 1968 Corvette – 427/435   $60,000
S168 1969 Corvette Coupe – L89 427/435 $115,000  
F164 1969 Corvette Convertible $27,000  
F176 1969 Corvette Convertible $33,500  
S15 1969 Corvette Convertible $52,500  
S89 1969 Corvette Coupe – 427/435 $51,500  
S167 1969 Corvette Convertible – 427/390   $94,000
T1 1971 Corvette – 454/365   $25,000
F36 1972 Corvette Coupe – 350 ci   $14,000
F41 1972 Corvette Coupe – 350 ci $18,000  
F74 1972 Corvette Coupe – 350 ci   $16,500
F109 1972 Corvette Convertible $26,000  
F177 1972 Corvette $18,000  
S72 1972 Corvette Convertible   $57,000
F76 1973 Corvette Convertible – 350 ci $20,500  
F165 1973 Corvette Convertible $28,000  
F240 1973 Corvette $9,300  
F268 1974 Corvette Coupe – 350/200 $16,000  
F285 1975 Corvette – 350 ci $8,500  
F95 1976 Corvette $16,250  
T102 1977 Corvette – 350 ci $9,500  
F13 1977 Corvette $10,000  
F150 1978 Corvette Pace Car $15,500  
T95 1980 Corvette   $10,500
T126 1981 Corvette – 350 ci $10,500  
F66 1982 Corvette   $15,000
T26 1986 Corvette Convertible Pace Car $10,000  
F190 1989 Corvette $13,000  
T137 1993 Corvette Coupe – 350/380   $13,500
F136 1995 Corvette   $26,000
F57 1998 Corvette Coupe $15,000  
F260 2005 Corvette Convertible Pace Car   $58,000
         
    Total Corvette Sales $1,457,300  

Mecum’s next auction event is the St. Paul High Performance Auction held June 20-21st and then the team will be off to St. Charles, Illinois for the Bloomington Gold Auction on June 27-28th.


Source:
Mecum Auctions

Related:
[VIDEO] Mecum Auction Results: 1963 Corvette Z06 Tanker
Friday’s Featured Corvettes for Sale: Mecum’s HD Theater Edition

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Keith Martin's 1963 Split Window Corvette

Keith Martin, publisher of Sports Car Market and Corvette Market magazines is offering his 1963 Corvette Coupe for sale on eBay. Keith is very well known in the collector car market and several of his publications feature photos of him with this Corvette, including his book “Keith Martin’s Guide to Car Collecting“. The Corvette was part of the ever rotating stable of collectibles that are used by Sports Car Market staff and to make room for some new additions, the Sebring Silver split window has to go.

Martin has owned the 1963 Split Window Coupe for nearly three years and like all cars in the SCM collection, has kept the Corvette in driver ready condition. Any classic Corvette owner will tell you they need to be driven regularly and according to Martin, this one is ready for show or go. “We wouldn’t hesitate to get in it and hit Route 66 tomorrow.” says the eBay description.

Keith Martin's 1963 Split Window Corvette Keith Martin's 1963 Split Window Corvette Keith Martin's 1963 Split Window Corvette

The cosmetics are very presentable with decent paint, chrome and panel gaps. The interior’s carpet, door panels and dash show very well. Heck, even the clock works!

It’s interesting to note that the 1963 Corvette Coupe features a non-matching engine that was cobbled together from various sources. Interchangeability is one of the hallmarks of Chevy’s smallblock V8s and the builder of this engine apparently took full advantage of that fact. The block (3892657) is from a 1967 car or truck, but was not offered in a Corvette. The heads come from a 1970-80 350 passenger car. Build date code on them shows September 30, 1974 and the intake is from a 1966-67 327/350 Nova/Chevy II/Corvette. What’s remarkable about this Frankenstein is how good it looks with the finned Corvette valve covers and chrome air cleaner.

The Corvette was subject of a detailed analysis by Colin Comer, a regular contributor to Corvette Market and author of the book “Million Dollar Muscle Cars”. You can read his walkthrough of the engine and drive train at Sports Car Market. As there is no original documentation to go on, the clues lead Comer to believe that the Corvette was originally equipped with a 327 ci 340 hp engine.

Although today was the first day the Corvette was available on eBay, it already broke through the reserve price and is currently listed at $40,100 with 17 bids place. The auction ends on May 12th.


Source:
eBay
Corvette Market

Related:
Corvette Market’s C3 Find, Buy & Drive Adventure
Introducing Keith Martin’s Corvette Market Magazine

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[VIDEO] Auction Results: 1955 Pennant Blue Corvette

by Keith Cornett on May 5, 2008

A Pennant Blue 1955 Corvette Roadster

1955 was the turning point for Corvette with two significant changes that kept the 2 seat roadster from becoming extinct. The first was the introduction of the V8 engine – a 265 ci 195 hp small block that ushered the beginning of continual performance upgrades in the Corvette. The second was the introduction of Ford’s Thunderbird. Ford sold just over 16,000 Thunderbirds in its inaugural year compared to the Corvettes 4,600 during its first three years of production. Some say GM execs were too embarrassed to quit in light of Ford’s success. Let’s be glad they persevered and built Corvette into the iconic symbol it is today.

The 1955 Corvette was the second lowest year of Corvette production with just 700 built. The new 265 cubic inch V8 was mated to a powerglide automatic, although the straight six Blue Flame was offered in seven cars. To signify the V8 change, an enlarged gold “V” was added to the Chevrolet script of those Corvettes offered with the new V8.

Five exterior colors were offered with Pennant Blue being the second least produced color with just 45 examples. Polo White remained the most popular of color choices at 325 while the rarest of all colors were the 15 painted in Corvette Copper.

This Pennant Blue 1955 Corvette was auction by Mecum during their Muscle Cars & More event televised on HD Theater. It features the V8 engine with a powerglide transmission. Other options include the Wonderbar radio, side windows, window bag, shielding and coil cover. It is sequence number 30 out of 700 produced and is just 1 of 45 Pennant Blues produced. In 2002 it was awarded the prestigious Bloomington Gold certificate.


Source:
Mecum Auctions
HD Theater

Related:
[VIDEO] Auction Results: 1993 Corvette 40th Anniversary Coupe”>[VIDEO] Auction Results: 1993 Corvette 40th Anniversary Coupe
[VIDEO] Mecum Auction Results: 1963 Corvette Z06 Tanker
Corvette Auction Results: Mecum’s HD Theater Mid-Term Report

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1993 Corvette 40th Anniversary Coupe

I present this video from Mecum’s Muscle Cars and More April 26th auction for two reasons. The first is that the commentators are absolutely correct in saying Corvettes like this 1993 40th Anniversary Edition are a great way for get started in the Corvette hobby. They represent value and performance and should be nearing the end of declining prices. That being said, I wish I was in Indy with a bidder’s card when this Corvette stalled and then was hammered for $11,000.

The 40th Anniversary Ruby Red Coupes was a popular choice in 1993 with 6,749 out of 21,590 produced. This Corvette Coupe appears to be in regular driver condition and features the very reliable LT1 350 ci 300 hp V8 mated to a 4-speed automatic transmission.

Our Corvette Price Guide puts the average value of the 1993 Anniversary Coupe at $17,900 and while we show this model still depreciating at 4% per year, $11,000 for this Corvette is a great buy.


Source:
Mecum Auctions
HD Theater

Related:
[VIDEO] Mecum Auction Results: 1963 Corvette Z06 Tanker

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1971 Corvette LT-1 Coupe

More than a few eyebrows were raised when Mecum Auctions announced their 6-week run of “Muscle Cars & More” at the Indianapolis Fairgrounds with television coverage provided by Discovery Channel’s HD Theater. We saw the main challenge as being two-fold. Could Mecum keep a sustainable pipeline of quality cars coming in over the course of the 6-week auction run AND could they keep the interest of buyers who are used to the weekend auction fly-in (or drive-in)? We’re here to report a solid yes regarding the Corvettes and a definite maybe on the buyers.

After three weeks of auctions, Mecum has sold $1,774,000 of Corvettes. So far, 43 Corvettes have been offered and 29 have sold for a 67% success rate. Only 14 were unsold, but with Mecum’s “The Bid Goes On” program, its possible that several more of these Corvettes may move over to the sold column.

The quality of Corvettes at a Mecum auction is always strong and the Corvettes appearing at Mecum’s Muscle Cars & More on HD Theater is about what we’ve expected. Collectible Corvettes of various years have been made available each of the first three weeks, but it was week 2 that was the night for showcasing Corvettes. We saw a 1963 Corvette Coupe Z06 Tanker sell for $225,500 and a 1967 Corvette Convertible with a 427/435 hp L71 go for $160,000. Week 2 also featured a bevy of fuel injected Corvettes as well as several RPO 687 Big Brake C1 Corvettes. So the quality and variety of Corvettes available are there.

Which leads us to the quality of buyers. We got a friend to Tivo and copy to DVD the Week 2 auction that was heavy with Corvettes. We saw several familiar faces including Terry Michaelis of Proteam, David Burroughs of Bloomington Gold fame and Terry Malone from Corvettes of Dallas. The Week 2 auction also appeared to have a steady stream of telephone and internet bidders, which we think would be a popular method of buyer participation in a multi-week auction format. With Corvettes selling successfully at a rate of 67%, our verdict on the quality of buyers week-in and week-out is a definite maybe and will be reevaluated at the close of the final auction next month.

So after three weeks of the six week run, here are the Corvette auction results from Mecum’s “Muscle Cars & More” TV Auction on HD Theater. Lot numbers starting A and J1 are from Week 1. B and J2 are Week 2 and C and J3 were sold on Week 3:

LOT YEAR MODEL SOLD HIGH BID
A2 1972 Corvette $18,000  
A3 1978 Corvette Pace Car – L82 4-Speed   $20,000
A6 1972 Corvette $16,000  
A19 2004 Corvette Convertible Comm Edt $29,000  
A40 1995 Corvette Convertible $13,250  
A45 1975 Corvette $16,000  
A46 1967 Corvette   $45,000
A53 1968 Corvette Convertible 427/435 $66,000  
J119 1986 Corvette   $24,000
J121 1986 Corvette Pace Car $8,500  
J125 1987 Corvette $6,500  
B1 1966 Corvette Coupe 427/390 $63,500  
B2 1995 Corvette Coupe Lingenfelter   $19,000
B3 1993 Corvette $10,750  
B4 1974 Corvette $19,000  
B9 1965 Corvette   $34,000
B12 1967 Corvette Convertible 427/400 $96,000  
B16 1977 Corvette T-Top $8,500  
B24 1962 Corvette Convertible $55,000  
B31 1956 Corvette Convertible 265/225   $74,000
B33 1958 Corvette Convertible 283/290 FI $125,000  
B34 1963 Corvette Z06 Tanker $222,500  
B35 1967 Corvette Convertible 427/435 $160,000  
B36 1962 Corvette Convertible 327/360 $135,000  
B37 1961 Corvette Convertible RPO 687 $132,500  
B39 1963 Corvette Convertible 327/360 FI   $86,000
B40 1958 Corvette Convertible 283/270 $94,000  
B41 1959 Corvette Convertible 283/290 FI $137,500  
B42 1962 Corvette Convertible 327/360 FI   $82,000
B44 1956 Corvette Convertible 265/225 $94,000  
B45 1963 Corvette Convertible 327/360   $67,500
J202 1964 Corvette Coupe 327/300 $35,750  
J204 1995 Corvette   $10,500
J210 1967 Corvette   $50,000
C21 1971 Corvette $13,000  
C24 1966 Corvette Convertible 327/300 $51,500  
C32 1971 Corvette T-Top LT-1 $46,000  
C37 1970 Corvette T-Top 454/390 $39,500  
C52 1967 Corvette Coupe 427/400 $51,000  
J315 1988 Corvette Coupe   $7,500
J316 1990 Corvette Coupe ZR-1 350/385   $20,000
J326 1995 Corvette Coupe LT1 350 $10,750  
J334 1970 Corvette Coupe 350/350   $14,500
         
    Total Corvette Sales (Week 1-3): $1,774,000  

Mecum’s live auction continues this weekend at 8pm Est on HD Theater.


Source:
Mecum Auctions
HD Theater

Related:
[VIDEO] Mecum Auction Results: 1963 Corvette Z06 Tanker
Friday’s Featured Corvettes for Sale: Mecum’s HD Theater Edition

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