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Auctions & Results

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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Corvettes Bring in $2.5 Million During Monterey Auctions

by Keith Cornett on August 28, 2007

No less than four auction companies held events during the Pebble Beach Concours d’Elegance in Monterey over August 17-19. The auctions from Christies, RM Auctions, Bonhams and Butterfield and Gooding & Company combined for nearly $2.5 million in Corvettes sales. The top price-getter was a 1968 L88 Corvette Coupe, which sold for $254,500. On the newer end of the sales spectrum, a 2007 Ron Fellows ALMS GT1 Championship Z06 Corvette sold for $121,000. The auction results for Corvette:

Year Model Auction High Bid
1954 Corvette Convertible RM Auctions $74,250
1957 Corvette Convertible Christies $60,500
1957 Corvette Convertible RM Auctions $66,000
1957 Corvette Convertible RM Auctions $68,750
1957 Corvette Convertible Race Car Gooding & Company $115,500
1959 Corvette Convertible RM Auctions $88,000
1959 Corvette Convertible Christies $66,000
1960 Corvette Convertible Christies $60,500
1960 Corvette Convertible Christies $55,000
1960 Corvette Convertible Christies $66,000
1961 Corvette Convertible RM Auctions $110,000
1963 Corvette Convertible Fuelie Bonhams & Butterfield $101,790
1965 Corvette Convertible 396/425 RM Auctions $170,500
1966 Corvette Convertible 427/425 RM Auctions $121,000
1966 Corvette Convertible 427/425 RM Auctions $96,250
1967 Corvette Coupe 427/435 Bonhams & Butterfields $166,500
1967 Corvette Convertible 427/400 Bonhams & Butterfields $54,990
1967 Corvette Coupe 427/435 Bonhams & Butterfields $144,500
1967 Corvette Coupe 427/400 Bonhams & Butterfields $105,300
1968 Corvette Coupe L88 Bonhams & Butterfields $254,500
1968 Corvette Coupe L88 Bonhams & Butterfields $155,500
1969 Corvette Convertible 427/435 RM Auctions $126,500
2007 Corvette Z06 ALMS Ron Fellows RM Auctions $121,000
       
      ————-
    Total Sales $2,448,830

Source:
ClassicDriver.com Related:
Max Weinberg’s 1957 Corvette to be Auctioned at Christies
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Friday’s Featured Corvettes for Sale

by Keith Cornett on August 24, 2007

Earlier this week I broke the news that the Corvettes at Carlisle auction was being reduced to just a Saturday-only auction. Since we are one day out from that event, I thought it would be appropriate to look at several of the cars that have already been consigned and ready to sell. 1963 Corvette Coupe
1963 Corvette CoupeMy top pick for the show is the 1963 Corvette Z06 Coupe (Lot C021). The Silver Blue Corvette, already desirable due to its split window configuration is just 1 of 199 Corvettes to have the Z06 option and 1 of 63 to have the NO3 36 gallon “tanker” option. The Corvette is a matching numbers car with correctly dated 327 ci 360 hp fuel injected motor. The odometer reads 89,000 miles, but 0 miles have been put on the Corvette since 1973.The Corvette has both NCRS Top Flight and Bloomington Gold certificates. Click here to view the Auction Description page. 1967 Corvette Convertible
1967 Corvette ConvertibleThis 1967 Corvette will probably not sell for the highest price of six 1967 Corvettes to go though the show, but it’s certainly one of the nicest we’ve seen on the Carlisle List. The Marina Blue Corvette Convertible is powered by a 427 ci 400 hp coupled to a Powerglide transmission. Documented with the tank sticker, this Corvette has a host of options including Air Conditioning, Power Steering, Power Brakes, Power Windows, Side Exhaust and Rally Wheels on Red Line tires. It received a Bloomington Gold Certificate back in 2002. Click here to view the Auction Description page. 1999 Mallett 435 Corvette Coupe
1999 Mallett 435 Corvette CoupeFinally, what would Carlisle be without a Corvette from the late co-founder of Corvettes at Carlisle Chip Miller. Chip’s 1999 Mallett 435 is selling at no reserve. Featuring a Mallett 435 Conversion, the Black on Black C5 has 500 hp. Only 17,200 miles are on the Corvette, and you can bet that it has “never seen rain”. The Corvette’s Mallett conversion includes a 6.1 liter 372 CI V8 engine, Long tube headers, and body emblems with the “Mallett 435″ logo. A very nice tuner Corvette with a pedigree of having been owned by one the greats in the Corvette hobby. Click here to view the Auction Description page. Do you have a Corvette for sale that you think would be worthy of being featured? Drop me an email and let me know where we can find out more about it. And stay tuned for next week’s Friday’s Featured Corvettes.
Source:
CarliseAuctions.com Related:
Friday’s Featured Corvettes for Sale (08/10/07)
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Auction Results: Russo & Steele Monterey 2007

by Keith Cornett on August 23, 2007

1967 Corvette with 427 ci 400 hp and A/CWow, there was some real talent at last weekend’s Russo and Steele auction in Monterey. Nine Corvettes sold for a total take of $804,650. Fetching the top price for Corvettes was the 1984 Lola GTP Corvette Race Car which sold for $269,500. Of the eight other Corvettes that sold, three Corvettes were original A/C cars and two were Fuelies. Best catch of the day just may have been this 1967 Coupe with the L68 427 ci 400 hp with factory air conditioning. That Corvette sold for a very reasonable $70,400. Here are all the Monetery 2007 Corvette auction results with links to the auction page:

Year Model Details High Bid
1954 Corvette Convertible 89K Miles $68,750.00
1957 Corvette Convertible 283 ci Fuel Injection $86,900.00
1960 Corvette Convertible 283 ci 270 hp $69,300.00
1962 Corvette Convertible 327 ci 360 hp Fuelie $77,000.00
1964 Corvette Coupe 327 ci 300 hp / AC $49,500.00
1965 Corvette Convertible 327 ci 300 hp $55,000.00
1966 Corvette Convertible 327 ci 350 hp / AC $58,300.00
1967 Corvette Coupe 427 ci 400 hp / AC $70,400.00
1984 Lola Corvette Racecar GTP Corvette $269,500.00
      ————-
    Total Sales: $804,650.00

Source:
Russo and Steele
Related:
Auction Results: Corvette at Kruse July Auctions Technorati Tags:
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Carlisle Auction Reduced to One Day Event

by Keith Cornett on August 22, 2007

Just about everybody that has a passing interest in Corvettes is familiar with the Corvettes at Carlisle show held annually in Pennsylvania this time of year. For the last few years, Dana Mecum has been at the helm of organizing and gaveling the auction. However earlier this year the Carlisle events team announced that they would be taking the Corvette auction duties in-house. Today I spoke with Auction Manager Dennis Baish about this weekend’s event. Dennis confirmed what I heard that the actual auction will happen on Saturday only while Friday night has been reserved for a sellers reception. The auction website currently has 78 Corvettes consigned and Dennis believes they are on track for 100 Corvettes this weekend. While this number is down from the 160 quoted on the website, the quality of Corvettes that have been consigned appears quite good. Many times the measure of a good Corvette auction is the number of 1967 Corvette Big Blocks available. The consignment list shows six 1967 Corvettes and at least four of them are 427′s. Perhaps the most exciting Corvette available so far is a 1963 Z06 Big Tanker Coupe which should be one of the top Corvettes sold this weekend. We’ll have more on this Corvette later this week. Do you have a Corvette to sell? Remember what Terry Michaelis from Proteam Corvettes said earlier this week: Be a smart seller by picking high profile events to sell your Corvette. The fees for consigning your Corvette at the Carlisle auction appears to be quite reasonable for such a high quality Corvette-only auction. Buyers pay $100 registration fee with a 5% buyers commission added to the sale of any Corvette. Sellers pay a $250 or $400 consignment fee depending on the time the Corvette is scheduled to cross the block. Sellers also pay 6% for cars selling with a reserve or 5% for no reserve cars. The Corvettes at Carlisle TV Commercial:


Source:
CarlisleAuctions.com Related:
2006 Auction Results: Corvettes at Carlisle Technorati Tags:
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Country Music Star Auctioning His Corvette for Charity

by Keith Cornett on August 6, 2007

John Rich of the Country music duo Big and Rich has placed his 2005 Black Corvette for sale on eBay. The starting bid is $50,000 and any money raised over that amount will go to the Vanderbilt Children’s Hospital in Nashville, Tennessee.

John Rich in his 2005 Corvette John Rich's 2005 Corvette Coupe John Rich's 2005 Corvette Coupe
The 2005 Black on Black Corvette Coupe has 17,800 “highway” miles and features a host of options. The Corvette was featured in the fall 2005 issue of Corvette Quarterly and on Country Music Television (CMT). Celebrity guest drivers have included Gretchen Wilson and Kid Rock. Starting bid for the Corvette is $50,000 and as of now, there are no bidders. The auction runs through Wednesday, August 8th.
Source:
eBay.com Related:
Dale Jr’s 2005 Corvette For Sale on eBay Technorati Tags:
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Auction Results: Corvette at Kruse July Auctions

by Keith Cornett on July 25, 2007

1957 Corvette RoadsterKruse International held three separate auctions through the month of July and here are the results. Only 6 of the 17 Corvettes listed were sold, but as these are general auctions, the sales precentages for Corvettes sold at a reserve price tend to be lower than pure Corvette auctions like we see at Bloomington or Carlisle. We are posting both the final bid price as well as the sold price.

Year Description Price Type Location
1957Corvette Convertible$52,000BidDenver, CO
1957Corvette Convertible$100,000BidMidland, MI
1963Corvette Convertible$43,000SoldDenver, CO
1966Corvette Coupe$48,500SoldDenver, CO
1966Corvette Convertible$71,000BidDenver, CO
1967Corvette Convertible$85,000BidDenver, CO
1976Corvette T-Top$12,500BidDenver, CO
1976Corvette T-Top$6,500SoldDenver, CO
1978Corvette Pace Car$22,000BidVerona, NY
1982Corvette T-Top$15,000BidDenver, CO
1984Corvette Coupe$4,700BidDenver, CO
1984Corvette Coupe$6,200SoldDenver, CO
1986Corvette Convertible$9,600BidVerona, NY
1987Corvette Callaway$21,000BidDenver, CO
1988Corvette Coupe$27,000SoldDenver, CO
1997Corvette Coupe$16,000BidMidland, MI
2002Corvette Hardtop$26,500SoldVerona, NY

Source:
Kruse International Related:
Auction Results: Bloomington Gold Totals $8.2 Million in Corvette Sales Technorati Tags:
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