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Auctions & Results

RM Auctions was in the Tampa Bay area this weekend to auction off the collection of antique and classic cars belonging to noted automotive collector Al Wiseman. Included in the auction was this very significant 1955 Corvette Roadster that belonged to Zora Arkus-Duntov, Corvette’s first Chief Engineer.

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The 1953 Corvette Convertible1953 Corvettes continue to fetch big money at collector car auctions around the country. Over the weekend, a 1953 Corvette hit the auction block at Hilton Head’s Concours d’Elegance and sold for $440,000, a figure that ties the high price set earlier this year for the first year mark at the McMullen auction in Detroit. The selling price includes the 10% Buyers Premium. The Hilton Head auction was gaveled by the Worldwide Group. With 1953 Corvette prices up sharply compared to 2005 and 2006, collectors are striking while the iron is hot. Only two 1953 Corvettes were sold at auction in 2006, including the #003 Corvette which changed hands for $1,080,000 at Barrett-Jackson in Scottsdale. So far this year, seven 1953 Corvettes have hit the market, with six resulting in sales. Here are the sales results for 1953 Corvettes for 2007:

Auction Model Price Result
       
Hilton Head 1953 Corvette $440,000 Sold
Mecum St. Charles 1953 Corvette $225,000 High Bid
Bloomington 1953 Corvette $283,500 Sold
Bloomington 1953 Corvette $296,625 Sold
McMullen 1953 Corvette $440,000 Sold
WW – Seabrook, Tx 1953 Corvette $396,000 Sold
Barrett-Jackson (Scottsdale) 1953 Corvette $298,350 Sold
       
  Total Sales: $2,154,475  
This year alone, over $2 million dollars has been generated on the sale of six of these first year Corvettes. The strong results has pushed the Corvette investment market into a new era where being the first Corvette is now on average more valuable than fuelies or big blocks. This trend all but guarantees that we will see more 1953 Corvettes come out of the shadows and into the auction paddocks in 2008.
Source:
Island Packet
The Worldwide Group Related:
Auction Results: 1953 Corvette Sells for $440,000 Technorati Tags:
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Mecum’s High Performance Auctions are different than the usual predominately-Corvette affairs we see at Bloomington or down in Kissimmee, Florida at the NCRS Winter Regional. At the St. Charles, Illinois auction during the October 5-7th weekend, just 80 of the 550+ unique muscle and collector cars were Corvettes. Yes, that mix seems to guarantee a wider audience as the larger auction field brings in the special cars and with the special cars comes the guys with the checkbooks that can afford them. Included in the group of Corvettes at the St. Charles auction was a 1953 Corvette, a 1969 L88 and a very unique 1967 Black ‘N Blue L71 427/435 coupe. We detailed the top two Corvette sales from this auction earlier this week, the 1969 L88 Coupe selling for $446,250 and the 1967 L71 Coupe selling for $393,750. unfortunately, the ’53 Corvette was a no-sale with a high bid at $225,000. Total Corvette sales reached $2.8 million and the selling percentage was a solid 61%. Mecum’s slogan is “Nobody Sells More Muscle Than Mecum” and while were not about to enter the debate of whether a Corvette is a muscle car or not, their slogan could in all reality by modified to “Nobody Sells More Fiberglass…” Here is the full list of Corvettes and their sales price or high bids:

Lot Year Model Color High Bid Sell Price
U80 1953 Corvette White $225,000.00  
S35 1957 Corvette Red $71,000.00  
S87 1957 Corvette Silver $145,000.00  
S159 1957 Corvette Fuelie Turquoise   $103,950.00
U78 1957 Corvette Black   $107,625.00
S242 1959 Corvette Red   $59,063.00
F258 1960 Corvette White/Silver   $62,475.00
S147 1960 Corvettte Turquoise $95,000.00  
S163 1961 Corvette White   $82,950.00
F164 1963 Corvette Red   $78,750.00
F229 1963 Corvette Blue   $56,175.00
S85 1963 Corvette Maroon $155,000.00  
S168 1963 Corvette Red   $210,000.00
U79 1964 Corvette Blue   $110,000.00
F13 1965 Corvette Red   $29,000.00
F119 1965 Corvette Red   $40,425.00
S157 1965 Corvette Black $65,000.00  
U72 1965 Corvette Black $37,000.00  
F177 1966 Corvette White   $94,500.00
F197 1966 Corvette Yellow/Black   $50,400.00
F224 1966 Corvette White $45,000.00  
F251 1966 Corvette Yellow $46,000.00  
S23 1966 Corvette Maroon $50,000.00  
S70 1966 Corvette Blue $53,000.00  
S76 1966 Corvette Maroon $65,000.00  
S273 1966 Corvette Blue   $51,725.00
F249 1967 Corvette Green   $89,250.00
F309 1967 Corvette Maroon/White $41,000.00  
S99 1967 Corvette Black   $393,750.00
S158 1967 Corvette 427/435 Silver $170,000.00  
S200 1967 Corvette Blue   $70,875.00
U57 1967 Corvette White   $54,075.00
F27 1968 Corvette Bronze $28,000.00  
S86 1968 Corvette Blue/White   $17,000.00
S171 1968 Corvette L89 Maroon $90,000.00  
S245 1968 Corvette Blue   $71,400.00
F121 1969 Corvette White   $25,000.00
F181 1969 Corvette Black $35,000.00  
S88 1969 Corvette L88 Red   $446,250.00
S143 1969 Corvette Red $37,500.00  
S216 1969 Corvette White $35,000.00  
S244 1969 Corvette Red   $70,875.00
U101 1969 Corvette Gold $26,000.00  
F89 1971 Corvette Blue   $22,050.00
U84 1971 Corvette Blue $21,000.00  
F60 1972 Corvette Red $17,500.00  
F72 1972 Corvette Gold   $12,863.00
F74 1972 Corvette Black/Silver $9,000.00  
S68 1972 Corvette Red $29,000.00  
F2.1 1973 Corvette Red   $11,000.00
S62 1974 Corvette Red   $20,475.00
F38 1975 Corvette Orange   $12,600.00
F86 1975 Corvette Red   $16,800.00
S67 1975 Corvette Yellow   $20,475.00
F33 1978 Corvette Black/Silver   $18,375.00
F65 1978 Corvette Red   $25,463.00
F81 1978 Corvette Gray   $7,900.00
F122 1978 Corvette Silver $23,000.00  
F173 1978 Corvette Black/Silver   $25,988.00
S260 1978 Corvette White   $7,400.00
F7 1982 Corvette White   $9,000.00
F10 1982 Corvette Red   $14,700.00
F118 1982 Corvette Silver   $10,500.00
F11 1986 Corvette Yellow   $16,275.00
F313 1986 Corvette Yellow   $11,550.00
U160 1986 Corvette White   $13,125.00
S257 1987 Corvette Silver/Grey $15,000.00  
U30 1987 Corvette Gold   $15,750.00
F266 1988 Corvette Bronze   $9,500.00
F165 1989 Corvette White   $11,550.00
F255 1990 Corvette ZR-1 Red $31,000.00  
U124 1992 Corvette ZR-1 Blue   $12,600.00
F93 1993 Corvette Red $15,000.00  
F290 1993 Corvette Red   $28,000.00
F302 1993 Corvette Turquoise   $8,500.00
F291 1996 Corvette Silver $20,000.00  
F186 1997 Corvette ZR-1 Black $16,500.00  
S266 2001 Corvette Yellow $32,000.00  
S254 2007 Corvette Z06 Black   $65,000.00
           
        Total Sales: $2,802,952.00
The final High Performance auction for 2007 will be held in Kansas City November 30th through December 2nd. Details and car list can be found at the Mecum website.
Source:
Mecum Auctions Related:
Auction Results: Rare Black N Blue 1967 L71 Corvette Sells for $393,750
Auction Results: Record Sale of 1969 Corvette L88 at St. Charles Technorati Tags:
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Mecum’s High Performance Auction in St. Charles, Illinois last weekend was definitely the place to find some rare Corvettes. We already detailed the auction’s top Corvette seller, a low-mileage one owner 1969 L88 Corvette which sold for $446,250. The second highest sale from the October 5-7th auction went to a very special 435 hp ’67 Coupe which sold for $393,750. You know a Corvette is special when it’s known throughout Vettedom by a nickname. The Black ‘N Blue 1967 Corvette earned the name due to its Tuxedo Black exterior with the Bright Blue Stinger hood. What? You haven’t seen this color combo before? That’s because only four documented ’67 Sting Rays are known to share this very rare exterior color combination. This particular Corvette was restored by Houston’s famous Nabers Brothers, who also restored ProTeam’s Last Sting Ray. Featured options include the L71 427 ci/435 hp Tri-Power engine, factory side mounted exhaust, a close-ratio Muncie M21 4-Speed and 3:55 gears. Although not original on 1967 Corvettes, this Corvette has “Blue Line” Goodyears mounted to the factory original bolt-on wheels.

The Black 'N Blue 1967 Corvette The Black 'N Blue 1967 Corvette The Black 'N Blue 1967 Corvette
The Corvette’s original color was changed early in its life. Luckily, fate would lead to an inspection of the original trim tag by Corvette Hall of Fame member Dan Gale, which revealed the rare factory code 900 Tuxedo Black and Bright Blue stripe combination. Today the Corvette, with its Code 415 Bright Blue Leather interior is correct and outstanding in every detail, earning a Bloomington Gold Certification, NCRS Top Flight and the Chevy Vette Fest Triple Crown Award. A check of prices for 1967 Corvettes sold at auction against Keith Martin’s Corvette Auction Results Database shows we have a top 10 Corvette based on the selling price of $393,750. Truly a beautiful and unique 1967 Corvette Coupe.
Source:
Mecum Auctions Related:
Auction Results: Record Sale of 1969 Corvette L88 at St. Charles Technorati Tags:
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An L88 Corvette is used to shaking the world around it, but at the Mecum High Performance Auction in St. Charles, Illinois last weekend, an extremely low mile one owner 1969 Corvette L88 shook the auction world by selling for $446,250. Previous high of a 1969 L88 sold at an auction was set back in January 2006 at Barrett-Jackson for $334,800. The L88 engine was rated at 430 hp and featured an aluminum intake and heads, an 850 cfm dual feed Holley carb and mandatory options like an aluminum radiator, heavy duty brakes and the Muncie M-22 transmission. Power windows, power steering and radios were not included to discourage street use. The L88 added over $1,000 to the base price of a 1969 Corvette, which was $4,781. Only 116 L88 Corvettes were built in 1969. The Corvette that sold at St. Charles is one of the most highly documented, low mileage Corvettes in existence. Rare for any 1969 Corvette, much less an L88. The Corvette retains its original matching numbers engine, transmission, carburetor and interior. Only 2,248 miles are on the one-owner car.

1969 Corvette L88 1969 Corvette L88 1969 Corvette L88
Like many L88 Corvettes, this car was destined for the track. Purchased by Dennis Ahrens from Dick Wickstrom Chevrolet in Roselle, Illinois on December 12, 1969, the Corvette was prepped to be a drag racer, achieving a best time of 10.82 seconds in the quarter mile. Many of the Corvette’s original parts were set aside and saved during her racing days, only to be reunited later when the owner restored her back to factory specifications in 2005-06. Since restoration, the Corvette has received Bloomington Gold Certification, NCRS National Top Flight, Gold Spinner Award and the Triple Crown Award with all scores at 97, 98 or 99. The Corvette today sits on three of four original wheels and has the original spare tire. It is believed to be one of the last three L88′s ever produced and is the only known L88 with red exterior and tan interior. It is also one of only 25 delivered with a 4.56 positraction rear end. The Corvette is fully documented with the original window sticker, Protect-O-Plate, dealer sales invoice and order form, tax and license receipt and the owner’s manual. Topping of the impressive list of docs is the Illinois Title in the original owner’s name. We’ll have more results from the Mecum St. Charles auction over the coming days.
Source:
Mecum Auctions Related:
Rare Pininfarina Corvette Heading for Barrett-Jackson Technorati Tags:
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Rare Pininfarina Corvette Heading for Barrett-Jackson

by Keith Cornett on October 2, 2007

We are about 100 days out from January’s Barrett-Jackson’s Collector Car auction in Scottsdale, Arizona and details are beginning to emerge about some of the “talent” that will be hitting the auction block. Corvettes are always well represented and that should remain the case despite plans to cut back the number of vehicles from around 1,200 to 1,000.

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Corvette SS Spy Photo by Jim DunneThe GM Source’s Josh Oliver says the first 2009 Corvette ZR-1 will make its debut at the Detroit Auto Show in January. Actually, that’s already been speculated, but Josh takes the rumor a step forward by reporting that days after its NAIAS unveiling, the new supercharged 650 hp Corvette ZR-1 will be off to Scottsdale to be auctioned at the Barrett-Jackson Collector Car Event sometime between January 12-20th.

Should such an event come to pass, the amount of buzz generated by the General would be huge, first with the bounce from the Detroit auto show and then placing the car in the middle of all those car-crazy collectors in Scottsdale with cameras from Speed TV capturing the moment. of course, no word from GM on whether or not this will happen officially or if this is just irresponsible speculation.


Source:
CorvetteZR1Forum.com via Jalopnik.com

Related:
Second Video of Corvette ZR-1 Surfaces

 

Introducing Keith Martin’s Corvette Market Magazine

by Keith Cornett on September 26, 2007

Keith Martin's Corvette Market MagazineKeith Martin is a well-known personality in the Sports car collecting hobby, publishing the Sports Car Market Magazine and appearing on television as a commentator and co-host of SPEED’s coverage of Barrett-Jackson in Scottsdale. His latest venture is Keith Martin’s Corvette Market: Insider’s Guide to Collecting, Investing, Values and Trends. The Corvette Market magazine is scheduled for publication 4 times per year and the inaugural edition was mailed last week. As someone who takes an interest in Corvette values, I can tell you this new publication is a home run. Corvette Market offers feature articles and insights on the top Corvette models in the collector arena. Issue 1 features the heavy hitters: The 1953 Corvette, The 1687 L71 Corvette and the model that is currently trending well, the 1969 Corvette. But the real genius behind Corvette Market is the auction reports and analysis from a well-rounded group of Corvette aficionados. In the premier issue, the June 2007 Bloomington Gold Auction falls under the microscope of Keith’s analysts and no punches are pulled when telling you why the Corvette sold or didn’t sell. Here is an example from the Mecum Bloomington Gold coverage:

Keith Martin's Corvette Market Magazine

#F57 – 1969 Chevrolet Corvette Convertible. S/N 19467S715499. Riverside Gold/White/Black Vinyl. Odo: 6,293 Miles. 427-ci 390-hp V8, 4-bbl, 4-Speed. Excellent resprayed Riverside Gold paint, otherwise completely original. Interior shows very light wear, top has heavier wear and s frayed at the edges. Good engine compartment, original window sticker. A strong car with loads of originality. Condition: 2 Sold at $38,850. Analysis:
The ’69 Corvette had the same owner since 1971 and he clearly pampered it over the years. The L36 390-hp 427s are great performing cars without the wildness of the 435-hp cars, but the L71 always commands the top dollars. This one sold for well below market value for an L36. A real bargain for a car of this quality.
If you liked that, there are 186 more just like it in the premier issue of Corvette Market Magazine. Other reports are also included both in the magazine, issue 1 contains a listing of the top 100 corvettes auction prices of all time, as well as on the dedicated web site, www.VetteMarket.com, where the Plus subscription will get you full access to the Corvette Market Auction database containing over 2,000 Corvette market reports like the one above. A one-year subscription to Keith Martin’s Corvette Market Magazine is $29.95 or $48.00 for the plus version. With just one issue of his new magazine, Keith Martin has created a must-have reference guide for Corvette collectors and those that follow Corvette pricing trends and values.
Source:
VetteMarket.com Related:
Auction Results: Bloomington Gold Totals $8.2 Million in Corvette Sales Technorati Tags:
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Auction Results: Des Moines High Performance Auction

by Keith Cornett on September 15, 2007

Continuing with our round-up of Corvette results at the nation’s top automotive and classic car auctions this summer, we turn our attention to the Des Moines High Performance Auction held by Mecum High Performance Auctions on July 28th. The one day event brought together a diverse group of 17 Corvettes with 13 of those Corvettes selling. That’s a very respectable sales rate of 76%. The Corvettes at Des Moines were mostly in the vintage of 1967-1995 excluding the few on either end of that spectrum that were no-sales. High price went to a 1967 Corvette Convertible with the base 327 ci 300hp engine. This documented 2-owner Corvette fetched $64,050. A 1978 Replica Indianapolis 500 Pace Car Corvette sold for $19,950 and a 1991 Corvette ZR-1 sold for $23,363. Here are the full results:

Lot Yr Model Color High Bid Sold
S58 1956 Corvette Red $44,000  
S101 1967 Covette Blue   $64,050
S69 1969 Corvette Orange/Red   $18,638
S129 1969 Corvette Blue   $21,788
S51.1 1975 Corvette Orange   $13,125
S119 1976 Corvette Red   $9,750
S85 1978 Corvette Black/Silver   $19,950
S1 1982 CORVETTE Gold   $9,600
S51 1982 Corvette White $8,000  
S23 1984 Corvette Black   $7,400
S131 1990 Corvette Black   $13,650
S47.1 1991 Corvette Black   $13,913
S120.1 1991 Corvette Black   $13,125
S126 1991 Corvette Black   $23,363
S112 1995 Corvette Red   $14,175
S59 2000 Corvette Pewter $22,000  
S84.1 2005 Corvette Yellow $36,000  
          ———-
      Total Sales $242,527

Source
Mecum.com Related:
Auction Results: Corvettes at Carlisle 2007
Corvettes Bring in $2.5 Million During Monterey Auctions
Auction Results: Russo & Steele Monterey 2007 Technorati Tags:
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Auction Results: Corvettes at Carlisle 2007

by Keith Cornett on September 4, 2007

Earlier this year, the Carlisle Events team decided to jettison long time auction partner Mecum Auctions in favor of taking the Corvettes at Carlisle auction in-house. At the time, the decision probably made a lot of sense. They were already doing auctions for their other events. And by keeping it in house, they merge the coordination of the auction with their current operations and collect the fees and commissions from buyers and sellers. But after the lackluster showing last weekend of having only 82 Corvettes consigned which then culminated in just 26 Corvettes being sold, one has to wonder just what went wrong in Carlisle. At last year’s event with Dana Mecum handling the gavel duties, just over 150 corvettes crossed the block with 53% selling, netting a sales total of over $3,000,000. This year, with a sales rate of 32%, sales totaled only $974,950. From all accounts, the new indoor venue was a hit. So let’s hope this was just a one year blip and that Carlisle will return next year with the powerhouse auction Corvette buyers and sellers have come to expect. Corvettes at Carlisle Auction Results:

Lot Yr Model High Bid Sold
S165 1954 CORVETTE $72,000.00 NO SALE
S116 1957 CORVETTE $71,000.00 NO SALE
S148 1958 CORVETTE $70,000.00 NO SALE
S141 1961 CORVETTE $96,000.00 SOLD
S150 1961 CORVETTE $41,000.00 SOLD
S153 1961 CORVETTE $34,000.00 NO SALE
S159 1961 CORVETTE $53,000.00 NO SALE
S152 1962 CORVETTE $44,000.00 NO SALE
S162 1962 CORVETTE $37,000.00 NO SALE
S167 1962 CORVETTE $92,000.00 NO SALE
S136 1963 CORVETTE $67,000.00 NO SALE
S173 1964 CORVETTE $47,000.00 SOLD
S118 1965 CORVETTE $54,000.00 NO SALE
S119 1965 CORVETTE $45,000.00 NO SALE
S151 1965 CORVETTE $39,000.00 SOLD
S166 1965 CORVETTE STINGRAY $86,000.00 NO SALE
S179 1965 CORVETTE $88,000.00 NO SALE
S117 1966 CORVETTE $91,000.00 SOLD
S138 1966 CORVETTE $68,000.00 SOLD
S144 1966 CORVETTE $62,000.00 NO SALE
S149 1966 CORVETTE $105,000.00 NO SALE
S154 1966 CORVETTE $180,000.00 NO SALE
S158 1966 CORVETTE $130,000.00 NO SALE
S161 1966 CORVETTE $105,000.00 NO SALE
S172 1966 CORVETTE $72,500.00 SOLD
S111 1967 CORVETTE $46,500.00 SOLD
S137 1967 CORVETTE $140,000.00 SOLD
S142 1967 CORVETTE $120,000.00 NO SALE
S146 1967 CORVETTE $42,000.00 NO SALE
S177 1967 CORVETTE $125,000.00 NO SALE
S169 1967 CORVETTE $53,000.00 NO SALE
S182 1967 CORVETTE $127,500.00 NO SALE
S186 1967 CORVETTE $145,000.00 NO SALE
S199 1968 CORVETTE $52,000.00 NO SALE
S130 1968 CORVETTE $55,000.00 NO SALE
S132 1968 CORVETTE $24,750.00 SOLD
S181 1968 CORVETTE $50,000.00 NO SALE
S195 1968 CORVETTE $18,500.00 SOLD
S113 1969 CORVETTE $9,000.00 NO SALE
S147 1969 CORVETTE $35,000.00 SOLD
S134 1970 CORVETTE $13,500.00 NO SALE
S176 1970 CORVETTE $37,000.00 NO SALE
S129 1971 CORVETTE $16,000.00 NO SALE
S115 1971 CORVETTE STINGRAY $16,000.00 NO SALE
S131 1972 CORVETTE $19,000.00 NO SALE
S123 1972 CORVETTE STINGRAY $0.00 NO SALE
S196 1972 CORVETTE $0.00 NO SALE
S139 1973 CORVETTE $21,000.00 SOLD
S174 1973 CORVETTE $17,500.00 SOLD
S140 1975 CORVETTE $12,000.00 SOLD
S217 1976 CORVETTE $13,500.00 NO SALE
S124 1978 CORVETTE PACE CAR $23,500.00 NO SALE
S109 1978 CORVETTE $4,000.00 NO SALE
S135 1979 CORVETTE $10,500.00 SOLD
S187 1979 CORVETTE $8,500.00 SOLD
S107 1979 CORVETTE $12,500.00 SOLD
S103 1982 CORVETTE $14,000.00 NO SALE
S197 1982 CORVETTE $14,750.00 SOLD
S112 1980 CORVETTE $19,500.00 NO SALE
S194 1980 CORVETTE $16,000.00 NO SALE
S198 1980 CORVETTE $20,000.00 NO SALE
S175 1982 CORVETTE $12,250.00 SOLD
S108 1985 CORVETTE $6,000.00 NO SALE
S192 1987 CORVETTE $6,500.00 NO SALE
S180 1989 CORVETTE $9,950.00 SOLD
S188 1990 CORVETTE $8,000.00 NO SALE
S156 1990 CORVETTE ZR1 $26,000.00 NO SALE
S178 1991 CORVETTE ZR-1 $19,000.00 NO SALE
S218 1993 CORVETTE $17,750.00 NO SALE
S105 1994 CORVETTE $13,000.00 NO SALE
S106 1995 CORVETTE $9,750.00 SOLD
S193 1996 CORVETTE $15,000.00 NO SALE
S189 1998 CORVETTE $67,500.00 NO SALE
S155 1999 CORVETTE $36,000.00 SOLD
S163 2000 CORVETTE $21,000.00 SOLD
S170 2003 CORVETTE $26,500.00 NO SALE
S200 2004 CORVETTE $28,000.00 SOLD
S101 2004 CORVETTE $25,500.00 NO SALE
S230 2004 WORLD CHALLENGE $42,500.00 NO SALE
S228 2005 CORVETTE $34,000.00 NO SALE
S183 2005 CORVETTE W / POWER TOP $42,000.00 SOLD
S229 2007 SUPERCHARGED 560 $45,000.00 NO SALE

Source:
Carlisle Auctions
Related:
Friday’s Featured Corvettes for Sale
Carlisle Auction Reduced to One Day Event
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