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Buying & Selling

#3 Corvette C6.R For Sale. One Owner, Low Miles…

by Keith Cornett on November 15, 2007

The #3 Corvette C6.RAs our primary focus is bringing you unique information about Corvettes that are for sale, here’s an ad that appeared on the American LeMans website: Pratt and Miller Corvette C6.R #3 Race Car
Driven by Johnny O’Connell, Jan Magnussen and Ron Fellows
Price: $650,000.00 SKU: #***CORV5504

Corvette Details: No bling but much zing. Special everything, including things we can’t tell you about. 1 owner, 1 seat. Low miles, but driven very fast. Always garaged. Never driven on public roads. Cared for by loving owners, cursed by the competition. One of only a few. Available only in Velocity Yellow. Championships and Drivers not included. Only for sale because Ms. Pratt said it is time to clean out the garage. Yes this is really for sale. For more information please call or email. Specifications: Chassis 005 that raced in LeMans (finished 2nd in class) and in the 2007 American LeMans series.
575 Horsepower, 6000-rpm redline
7-liter small block V8
2425 lbs hydoformed steel chassis with composite body
Longitudinal front engine, rear wheel drive
Tunable to the low drag demands of LeMans or the high downforce requirements of Mosport.
I don’t know what’s funnier, the verbage of the ad which includes “Ms.Pratt said it is time to clean out the garage.” or the fact that the ad is in a shopping cart format, which allows you to add the car to the shopping cart basket (only after selecting yellow in the drop-down box) and then checkout. The only follow up questions I would have as a buyer is if I can get a CarFax report and a Bad Boy Vettes repaint
Source:
American LeMans Merchandise Related:
Racing Fans – Buy Your Own Corvette C6.R Racecar Technorati Tags:
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ProTeam Corvette to Host NCRS Technical Seminar

by Keith Cornett on October 30, 2007

The Protect-O-Plate from my 1966 CorvetteThis coming Saturday, November 3rd, ProTeam Corvette will host NCRS members from four states for a day-long seminar on trim tags, Protect-O-Plates, documentation and the decoding of these items. As documentation plays an important role in pricing and valuations, the morning seminars will focus on what ProTeam calls Chevrolet’s predictable measure of each car and the missteps and omissions that occurred along the way. An afternoon seminar is also planned that will address the cylinder case and its perceived importance on originality. The hands-on session will center on the every day exceptions, aberrations, corrections, errors, do-overs, misapplications, and general conundrums associated with factory production. NCRS Master Judge Al Grenning will be the instructor for the day-long event. Grenning is a Senior Bloomington Gold Restoration Workshop Instructor, Division Director for Numbers and Tags – Bloomington Gold Certification as well as being a member of the National Corvette Certification Board & National Corvette Survivor Board. His research includes: the “Master Pad Library” containing many thousands of Corvette engine pad photographs and co-authorship of the “NCRS Authentication Library, Vol. 1″, the result of extensive research on 1963 to 1967 midyear trim tags. Additional research includes midyear Protect-O-Plates, trim tags and a large comprehensive photocopy library of St. Louis Corvette production documents. The seminar will serve to spread the Corvette gospel through education about the cryptic history and factory anomalies of America ‘s true sports car. Any questions about this and future seminars, contact Terry Michaelis at ProTeam Corvette.
Source:
ProTeam Corvette Related:
The Must-Have Option When Buying A Classic Corvette Technorati Tags:
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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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The Must-Have Option When Buying A Classic Corvette

by Keith Cornett on September 19, 2007

Originality is one of the most important factors in determining the value of a classic Corvette IF you are looking for a Corvette that will provide the highest rate of appreciation in value during your ownership tenure. Originality is also one of the most misunderstood aspects so buyers need to be aware of what to look for and what questions to ask a seller. Don’t take the sellers word that the car is original. One of the single most important questions to ask the seller is if there is documentation available. Why is this important? A Corvette with Documentation is essentially a Corvette with a pedigree. It will be worth more than a Corvette without documentation and depending on the model year and options, the difference can be worth about 25% of the Corvette’s value.

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6 Ways to Make the Most of your Classic Corvette Purchase

by Keith Cornett on August 21, 2007

Terry Michaelis of Proteam Corvette fame has a great article on his Corvette Perspective blog on why purchasing a classic Corvette is a good investment and he backs up his points with some real world numbers. Terry has bought more classic Corvettes last month than most of us will purchase in a lifetime and there is probably no other dealer that buys and sells the cream of the crop like Proteam. If you are more interested in Corvettes as an investment as opposed to a driver, then here are Terry’s points to consider when purchasing a Corvette:

1. Buy the best Corvette you can afford today
Because the Corvette you buy is the Corvette you’ll have or want to sell some day. 2. Buy cosmetics
Buy paint and chrome, unless you have a shop and knowledge to control your costs. 3. Research
Arm yourself with knowledge provided in the numerous Corvette publication and hire a true expert to examine your potential purchase. 4. Don’t trade off cosmetics for a numbers match drivetrain
It will always cost more to restore (paint, trim, chrome, etc.) a Corvette needing restoration versus putting the proper numbers motor back in your vehicle, if that’s your venue. Numbers have become secondary to cosmetics, and it’s about time. 5. Realize that Corvettes are old cars
They require more attention than that new Chevy or Ford setting in your driveway (especially if they aren’t taken for periodic (“work outs”). 6. Be a smart seller
High-profile events like the Barrett-Jackson and Mecum Muscle Car auctions will get you more money for your car than newspaper and trade publication advertisements. Plan ahead if you’re considering selling your baby: seek good lot numbers (pay a premium if you must) and baby-sit your car during the event to answer questions and show pride in your car – it is a reflection of you, and people simply pay more if they like the seller.
Terry provides an excellent analysis of today’s Corvette Market and why the demand for classic Corvettes is so high right now – a demand he says will only continue as baby boomers hit retirement and start spending that discretionary income. Click here to read The Corvette Market – Today.
Source:
TMichaelis Corvette Perspective Related:
Five Factors That Drive Corvette Values – Options Technorati Tags:
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Official 2008 Corvette Pricing Announced

by Keith Cornett on June 18, 2007

Corvette Dealer Ken Fichtner posted the official pricing for the 2008 Corvette on the Corvette Forum. Prices listed include the three Corvette models: Coupe, Convertible and Z06 as well as the available options. Also listed is the new 4LT packages for coupes and convertibles which will set you back $8,005 and $8,600 respectively. The three Corvette models base prices were increased $920 for coupes and convertibles and $1,000 for the Z06. Considering the Coupes and Convertibles come with the new LS3 which adds 30 horsepower, I would say that is a bargain.

MODELS  
1YY07 Coupe $45,170.00
1YY67 Convertible $53,510.00
1YY86 Z06 $70,175.00
Destination Charge $825.00
   
PACKAGES  
2LT Package – Coupe $1,495.00
3LT Package – Coupe $4,505.00
4LT Package – Coupe $8,005.00
3LT Package – Convertible $5,100.00
4LT Package – Convertible $8,600.00
2LZ Package – Z06 Coupe $3,045.00
3LZ Package – Z06 Coupe $6,545.00
   
OPTIONS  
CC3 Transparent Roof Package $750.00
C2L Dual Roof Package $1,400.00
D30 Custom Color and Trim Combination $590.00
F55 Magnetic Selective Ride Control $1,995.00
GU2 2.73 Rear Axle Ratio $395.00
MX0 6 Speed Automatic with Paddle Shift $1,250.00
NPP Dual Mode Exhaust System $1,195.00
R8C Museum Delivery $490.00
U3U AM/FM CD with Navigation $1,750.00
Z51 Performance Handling Package $1,695.00
**6 Two Tone Seats with Embroidery $695.00
   
WHEELS  
QX1 Competition Gray Wheels – Coupe/Convertible $395.00
QX3 Chrome Wheels – Coupe/Convertible $1,850.00
QG7 Polished Wheels – Coupe/Convertible $1,295.00
Q44 Competition Gray Wheels – Z06 $395.00
Q76 Chrome Wheels – Z06 $1,995.00
QL9 Polished Wheels – Z06 $1,495.00
   
PREMIUM EXTERIOR COLORS  
45U Velocity Yellow Paint $750.00
83U Atomic Orange Metallic Paint $300.00
85U Jetstream Blue Metallic Paint $750.00
89U Crystal Red Metallic Paint $750.00

Source:
Corvette Forum Related:
GM Releases Official 2008 Corvette Information
Photo Gallery: The 2008 Chevrolet Corvette
Official 2007 Corvette Pricing Announced Technorati Tags:
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A Very Busy Week for Corvette Fans

by Keith Cornett on June 11, 2007

This week in June is unique as there are two major events that are going on that will appeal to different parts of the Corvette Enthusiast spectrum. The Bloomington Gold Corvette Show kicks of on June 14th and runs through the 17th at the Pheasant Run Resort in St. Charles, Illinois. Judging for the Survivor class begins at 1:00pm. On Friday, the show will be in full swing with Gold and Benchmark judging underway and of course our favorite event, the Gold Auction begins at 3:00pm. We will have our usual preview of significant or unique Corvettes that we feel are that will be the ones to watch as the week progresses. To follow the events online, visit the Bloomington Gold website. The second major event we are following this week is Corvette Racings defense of their 24 hours of LeMans crown. As you know, the first half of the ALMS season hasn’t been all that exciting due to the lack of a competitor in the GT1 class. But all that changes in France as 15 cars are entered in the GT1 class. The team has one five LeMans championships in the last six years and this week the team may be facing their greatest challenge. Qualifying for the 24 Hours of LeMans is Wednesday and Thursday. The Race kicks off for us in the United States on Saturday morning. As always, we will have updates following the progress of Team Corvette throughout the week. I’d like to also thank Richard Prince of Richard Prince Photography for supplying us with several new photographs that will serve as our header this week. You can see more of Richard’s work at www.rprincephoto.com.
Source:
Bloomington Gold
CorvetteRacing.com
www.rprincephoto.com Related:
LeMans Preview: Corvette Racing Fastest In GT1 Pre-Qualifying Technorati Tags:
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One of the most influential voices in the Corvette Collector market has recently started his own blog. Terry Michaelis, owner of ProTeam Corvette Sales has been posting for a month or so on tmichaelis.com, and already the blog contains some great information about buying classic Corvettes. His first blog post was actually in January following the sale of the Last Sting Ray at the Barrett-Jackson auction in Scottsdale. Funny thing, he posted the video of the sale that I captured and shared here on CorvetteBlogger.com A few years ago I was at the Winter auction in Kissimmee Florida when I noticed this guy wearing a ProTeam shirt. He was walking around a midyear Corvette that was second or third in line for the block. He had a cigar in his mouth and another 10 or so in his chest pocket. As he walked around the car, he ran his fingers along the outside wheel wells as his face maintained a sort of detached interest in the car. Yet you could tell that he was studying that Corvette hard. Right then I knew that this was a guy that knows Corvettes. A mutual friend of ours is Bob Kroupa from Vette-N-Vestments. Bob provides our yearly Corvette Pricing Guide as well as serves as our online Corvette appraiser at VetteFinders.com. Bob once said that facts that Terry carries around with him is staggering. He’s got all those numbers in his head and can tell in just a minute or two whether or not a Corvette is original. I’ve run into a Terry a couple of times since then, almost yearly at the Mecum auction held each January. He probably doesn’t remember me from Adam, but that’s all right. I always try to say hello. ProTeam is sometimes derided in the hobby but I’ve never fully understood why. Terry and his staff travel the country buying investment-quality Corvettes and selling them at a profit. A buyer of a ProTeam Corvette can be guaranteed a super clean original Corvette that will provide a decent return on investment. And when you got 150 or so of these classics under one roof, that says something. Whenever I see a new Corvette blog, I always try to say hi. It’s great that we are getting different viewpoints and the knowledge that Terry shares will make us all smarter when buying or selling Classic Corvettes. Stop by Terry’s blog and give him an online Corvette wave.
Related:
Barrett-Jackson: The Last Sting Ray Fetches $660,000 Technorati Tags:
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Sold on eBay: 6-Pack of Split Window Corvettes

by Keith Cornett on May 8, 2007

Collection of 6 1963 Split Window CorvettesSame old story. A guy amasses a collection of 1963 Corvette Coupes and stores them in a field for thirty frickin years. Finally he sells them all to a Corvette dealer who sells the entire lot on eBay. Despite the rambling and poor grammar in the ad, the six Corvettes sold Sunday for the winning bid of $140,000. The group of 63’s include Corvettes equipped with the following engines: Fuel Injected Original Numbers Matching
Air Conditioned Original Numbers Matching
340hp Black/Red Original Numbers Matching
300hp Silver/Red NOM
300hp Silver/Blue NOM
Wrecked body/frame The average price of $23,333 per car is in line with other recent project cars we’ve seen, considering you have at one end of the spectrum a matching numbers fuelie while at the other end you have, well, half a Corvette. And what’s up with that half-a-vette having a split window rear windshield and 1965-66 quarter panel? These cars took a lot of wear and tear while parked and getting them back is going to cost some dollars. With time and money anything can be restored.
Source:
eBay.com Related:
Barn Find: 1968 Corvette Convertible Technorati Tags:
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April 2007 Corvette Sales

by Keith Cornett on May 2, 2007

April 2007 was the best month for 2007 Corvette sales this calendar year. Customers in April took delivery of 3,227 Corvettes. For the calendar year, January though April, GM has sold 11,403 Corvettes. For comparison, April 2006 saw 3,516 Corvettes delivered and January-April 2006 had sales of 12,808. With the introduction of the 2008 Corvette, with its refreshed interior and the new higher output LS3, it will be interested to see if 2007 Corvettes sales remain steady or fall off even more from their 2006 sales figures.

Month Calendar Year-to-Date
Month 2007 2006 % Change Months 2007 2006 % Change
January 2,234 2,579 -16.8% Jan-Jan 2,234 2,579 -16.8%
February 2,784 3,058 -9.0% Jan-Feb 5,018 5,637 -11.0%
March 3,158 3,655 -16.7% Jan-Mar 8,176 9,292 -12.0%
April 3,227 3,516 -0.6% Jan-Apr 11,403 12,808 -11.0%

Source:
GM.com Related:
March 2007 Corvette Sales Technorati Tags:
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