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Auctions & Results

Corvette Market’s Smart Auction Buys of 2007

by Keith Cornett on January 7, 2008

Editors from Keith Martin’s Corvette Market have analyzed and posted in a slideshow format what they consider to be the Top 10 Smart Corvette buys from various auctions held in 2007. We took a look at the list and agreed. It just goes to show you that if you are a buying a Corvette and you have knowledge and patience, you too can get a great deal on the Corvette of your dreams.

Corvette Market’s Top 10 Smart Corvette Buys:

1. 1960 Corvette Convertible – 283/230 – $55,000
2. 1957 Corvette Convertible – 283/283 – $76,650
3. 1963 Corvette Convertible – 327/365 FI – $67,100
4. 1966 Corvette Convertible – 327/350 – $50,400
5. 1968 Corvette Coupe – 427/390 – $25,998
6. 1957 Corvette Convertible – 283 fi – $99,000
7. 1969 Corvette Convertible – 427/390 – $38,850
8. 1961 Corvette Convertible – 283/270 – $110,000
9. 2001 Corvette Z06 – 13K Miles – $26,513
10. 1964 Corvette Coupe – 327/300 – $45,000

All of these Corvettes profiled on Corvette Market have both a description of the car as well as expert analysis on why it was selected for the Smart Buys list. If you’re into Corvettes for not only the fun and excitement they bring, but the financial rewards as well, consider subscribing to Keith Martin’s Corvette Market. We’re anxiously awaiting the next issue!


Source:
VetteMarket.com

Related:
Introducing Keith Martin’s Corvette Market Magazine

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1998 Corvette Pace CarOur auction results roundup closes for the year with the final results from Mecum’s Kansas City High Performance Auction. The event was held the weekend of November 30th through December 2nd and 22 Corvettes were represented. While the classic Corvette sales were slow with the gavel falling for only two Corvettes, a 1964 and 1969, the majority of the Corvettes sold came from the years of 1975-1982. 12 of the 22 Corvettes were sold for a sales rate of 55%.

Lot Year Model Color High Bid Sell Price
           
S205 1962 Corvette Black $81,000  
S18 1964 Corvette Blue   $29,138
S40 1965 Corvette Maroon $45,000  
S65 1966 Corvette L-72 Black $77,500  
S49.1 1967 Corvette White $61,000  
S152 1968 Corvette Bronze $52,500  
S183 1969 Corvette Red   $19,163
U60 1971 Corvette Green $15,000  
F111 1973 Corvette Yellow $18,750  
S26 1975 Corvette Red $19,000  
S127 1975 Corvette Green   $20,213
U31.1 1976 Corvette Yellow   $11,813
F60 1977 Corvette Red   $10,200
S117 1977 Corvette Ice Blue   $12,600
S109.1 1981 Corvette Red   $9,750
U48 1981 Corvette Silver   $10,250
F127 1982 Corvette Copper   $10,000
F123 1984 Corvette Brown $4,500  
S2 1988 Corvette White   $9,500
F50 1996 Corvette White $17,000  
S114 1998 Corvette Pace Car Purple   $22,838
F122 2001 Corvette Yellow   $26,250

Mecum’s next event is the Kissimmee High Performance Auction held in central Florida January 24-26th. Click here for the current list of consigned cars.


Source:
Mecum Auctions

Related:
Mecum’s St. Charles Auction Produces $2.8 Million in Corvette Sales

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First 2009 Corvette ZR1 Heading to Barrett-Jackson

by Keith Cornett on December 29, 2007

2009 Corvette ZR1In what could only be described (and is being marketed) as the opening salvo in the new muscle car wars, the first 2009 Corvette ZR1 will be offered up for sale at the Barrett-Jackson Collector Car Auction held mid-January in Scottsdale, Arizona. The new King of the Hill will join the Dodge Challenger SRT8 and the Ford Shelby GT500KR on the block as the big three auction off the cars for various charities. The proceeds from the sale of the Corvette ZR1 will go to The United Way while the Challenger and Ford Shelby proceeds go to Not My Kid, Inc. and the Juvenile Diabetes Research Foundation.

Chevrolet says the auction is for the “first retailable” 2009 Corvette ZR1. We are not quite clear if they mean they are sending the Corvette ZR1 that will make its debut at the 2008 Detroit Auto Show the week prior to the auction, or if the buyer gets the first Corvette ZR1 to roll off the production line later next year.

The auction for the ZR1 Corvette will be held on Saturday, January 19th and will be broadcast by SPEED. The Shelby GT500KR will hit the block first at lot number 1300. The Corvette ZR1 will follow as lot number 1316 and the Challenger will wrap up the shootout at lot number 1331.


Source:

Barrett-Jackson Collector Car Auction

Related:
The New King of the Hill: The 2009 Corvette ZR1
2009 Corvette ZR1 Photo Gallery

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In 1965, as in previous years, General Motors and Chevrolet were touring the country showing off their latest products to the masses at car shows and the company-sponsored motoramas.

Marketing was concerned that the Corvette, in its third year of the fabled midyear body style, might be looking a bit aged and so they set out to create a display that became a mechanical marvel.

Selecting a 1965 Corvette Coupe from the assembly line, the car was shipped to a specialty display making company where it was fully disassembled and then operated on to create the one-of-a-kind Corvette display we see in the video.

Mounting the body to elevator arms, the coupe would rise off its chassis, exposing the car’s running gear. The frame was painted in bright yellow while the engine, transmission and other mechanical parts were finished in red. Cutouts were created to display the inner workings of the car. A series of motors would operate moving components of the car allowing visitors to see exactly how the 375 horsepower fuel injected 327ci was powered.

After its life on the show circuit, whereabouts of the car were unknown. It was found in South Africa in the mid ’90′s and returned to the United States where is was purchased a short time later by Al Wiseman.

This 1965 Corvette is unique in many regards, especially considering the fact that it contained the last of the fuel injected engines. With only 4 miles showing on the odometer, it truly is a time capsule.

Back at the auction, bidding was steady and deliberate and finally the last bid of $640,000 was called. With the addition of the 10% buyers commission, total price of the 1965 Chevrolet Corvette Cutaway Autorama Display was $704,000. The buyer of this unique Corvette was Detroit’s Showdown Muscle Cars.


Source:
RM Auctions

Related:
Video: Matched Set of 1953/2003 Corvettes sell for $390,500
Video: Zora’s 1955 Corvette Sold By RM Auctions for $134,750

 

Here is something that you don’t see everyday and in the words of the auctioneer, it’s probably something that will never be duplicated! We’re talking of course about the matched set of Corvettes that was sold at Saturday’s RM Auctions Al Wiseman Collection in Tarpon Springs, Florida. Al had a 1953 Corvette with the serial number of #39. When the 50th Anniversary Corvettes were produced in 2003, Al lobbied GM quite hard for about a year and was successful in buying serial number #39, which was doing duty as a test mule. Topping off the collection was a commemorative 1953 Corvette pedal car from Pedal Cars USA produced to celebrate the Corvette’s golden anniversary. This unique Corvette pedal car also is number #39 in its series.

The 1953 Corvette has been in Al’s collection for around 5 years and has just completed a full concours quality restoration. Al was no stranger to 1953 Corvettes. Back in 2002 he teamed up with Chip Miller of Carlisle Productions to restore serial #158. That Corvette, dubbed “Restoration Celebration”, was restored to better than perfect condition and the proceeds from the sale of that car were donated to charity.

Interestingly, the sale of both of these 1953 Corvettes ended up in the hands of the same buyer…Terry Michaelis of Proteam Corvettes.

And while the buyer and seller of both 1953 Corvettes remained the same, what has changed in the last five years is the prices commanded for the first year of America’s Sports Cars. #158 was purchased for $170,000 in 2002 while 1953 Corvette #39 brought in $390,500 just five years later.

Yes, this auction of the 1953 Corvette had the bonus of a serial numbers-matching 2003 50th Anniversary Corvette Roadster, as well as the kids commemorative pedal car, but it was the 1953 Corvette that drove this sale home.


Source:
RM Auctions

Related:
Video: Zora’s 1955 Corvette Sold By RM Auctions for $134,750

 

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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