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Corvette Values

Hershey Auction Results

by Keith Cornett on October 13, 2005

Kruse International posted the results of their auction held October 6th-8th in conjunction with the great automotive show and swap meet in Hershey, PA. Over 300 autos were scheduled including 13 Corvettes. The high for Corvettes was a 1961 Honduras Maroon Convertible which sold for $131,000. The low winning bid was for a 1978 Silver/Beige Corvette Coupe at $12,250. Corvette Auction Results:

Year/ModelPriceBid Type
1957 Convertible$85,000Final Bid
1959 Convertible$48,500SOLD
1959 Convertible$52,500Final Bid
1961 Convertible$131,000SOLD
1964 Convertible$40,000SOLD
1969 Convertible$20,250SOLD
1973 Coupe$22,000Final Bid
1977 Coupe$8,750Final Bid
1978 Coupe$12,250SOLD
1978 Pace Car Coupe$30,000Final Bid
1982 Coupe$15,500SOLD
1987 Coupe$17,100SOLD
1987 Coupe$20,000SOLD
Click Here for Full Auction Results

2006 Best Resale Value Awards

by Keith Cornett on October 6, 2005

The average automobile retains only about 35% of its original value after a five-year period according to Kelley Blue Book. KBB.com has just released their 2006 Best Resale Awards and the Corvette is named category winner for Convertibles as having the best resale value. The Corvette was the only model of the big 3 domestic automakers to make the list. KBB.com’s projections are based on current behicle data, market conditions, competition in its segment as well as expections of the future economy. The cars that made this list will on average keep aboutn 50% of its original purchase price over 5 years. “Now in its sixth generation, “America’s sports car” has won exceptional acclaim for its performance/price ratio. Its high initial value for money and its visceral appeal make the Corvette a winner not only on the track but also in the financial columns.” The editors at Kelley Blue Book also list a number of options that can help you with resale value. First, choose a popular exterior color, such as black, white or silver. Then select equipment that many buyers want. Included on this list are: antilock brakes (ABS), alloy wheels, CD player/CD changer, parking sensors, navigation system, sensing cruise control and leather-covered seats. At the same time, avoid less popular colors and go easy on customization. Also making the list was the Mini Cooper, Toyota Prius, Honda Accord Hybrid, Volvo XC90, Porsche Cayenne, Infiniti G35, BMW 5-Series, Lexus GX 470 and the Infinit M45.

Corvette Values: 1978 Coupe

by Keith Cornett on September 21, 2005

GS From Oklahoma submitted this 1978 Coupe to Corvette Values: 1978 Corvette T-Top Coupe. VIN 1Z87L8S4123XX, Dark Blue with Midnight Blue leather interior. 20,234 Original Miles. L48 Original Motor, Automatic Transmission, Power Brakes, Power Steering, Power Windows, Factory A/C, Original Factory Aluminum Wheels, Tele Steering Wheel, AM/FM Stereo, Rear Defrost, Sport Mirrors. Condition is Excellent. Full Documentation including Service Records, Original Warranty Card, owners Manual. The 1978 Corvette production year was interesting with more than 50% of the production representing two special models, the Silver Anniversary and the Pace Car. The remainder of the production line was termed the “standard model,” this is the model submitted. Based on the VIN #1Z87L8S4123XX, it was built early in the 1978 production year. It is powered by the standard 350, L-48 motor that is coupled with an automatic transmission. The motor is original and makes this a matching numbers Corvette. This Corvette is unique with only 20,238 original miles. In addition, it is equipped with most of the options that were available during the 1978 model year. Included are power windows and door locks, cruise control, rear window defogger, air conditioning, sport mirror, tilt-telescopic steering column, AM/FM radio and aluminum wheels. This Corvette is Dark Blue in color and the original paint is termed in good condition. The interior has Dark Blue Leather seats which along with the door panels and carpeting are in excellent condition. Mr. Steven’s Corvette has excellent “curb appeal” with its dark blue paint and contrasting optional aluminum wheels. Documentation plays an important role in determining the originality and value of a Corvette. In possession is previous owner history, service records and the original warranty card and owner’s manual. We place a value of $15,000 on this low-mile 1978 Corvette. In addition, the one year average price appreciation factor is +8%. This value is substantiated by recent sales at major Corvette auctions in the US, including Bloomington Gold and Corvettes at Carlisle 2005 events. Submissions:
Send your submissions to info@CorvetteBlogger.com with “Corvette Values” in the subject line. We can’t answer them all, but if we find your Corvette interesting to both us and our visitors, we may use it. Feel free to submit a photo as well.

Auburn Auction Results

by Keith Cornett on September 19, 2005

Kruse International has posted the results of the auction that took place in Auburn, Indiana August 31-September 6. What’s interesting about this auction was not so much what sold, but what didn’t sell. Of the 85 Corvettes listed, only 37 were listed as SOLD. While many of the low-end bids were rejected, several cars received significant bids but remained unsold:

Year/ModelPrice
1961 Convertible$80,000
1967 Convertible$97,000
1967 Convertible$90,000
1987 Callaway$31,000
Some may say the reason for the many no-sales is that Corvettes tend to do better at predominately Corvette only auctions. I happen to agree. I also believe that Corvette sellers have become well aware of the upswing in pricing and have priced their Corvettes accordingly. These owners would rather take the no-sale at an auction and try to sell their Corvettes elsewhere than lose the premium value they are seeking. There were some good buys at the Auburn Auction:
Year/ModelPrice
1957 Convertible$34,700
1964 Convertible$20,200
1979 Coupe$4,600
1984 Coupe$4,300
1990 Convertible$9,600
Click the More link to view the full auction results.

Auburn Auction Results
August 31-September 6

Year/ModelPrice
1957 Convertible$34,700
1959 Convertible$39,750
1961 Convertible$39,000
1961 Convertible$39,500
1963 Coupe$51,500
1963 Coupe$59,000
1963 Grand Sport Replica$59,000
1964 Convertible$20,200
1964 Convertible$47,000
1964 Coupe$29,250
1964 Convertible$27,000
1965 Coupe$37,800
1965 Coupe$46,000
1966 Convertible$40,000
1966 Convertible$32,600
1967 Convertible$99,000
1967 Coupe$38,000
1969 Convertible$31,250
1969 Coupe$26,700
1973 Convertible$22,750
1974 Coupe$19,100
1976 Coupe$17,000
1978 Coupe$10,500
1978 Pace Car$17,700
1979 Coupe$4,600
1980 Coupe$9,250
1981 Coupe$7,250
1981Coupe$8,900
1982 CE Coupe$22,250
1984 Coupe$4,300
1984 Convertible$6,000
1985 Coupe$4,150
1986 Convertible$12,200
1990 Convertible$9,600
1990 Coupe$8,250
1991 ZR-1 Coupe$18,500
1994 Coupe$11,000

Bids that failed to result in a sale

Year/ModelPriceBid
1961 Convertible$80,000Final Bid
1964 Grand Sport Replica$29,500Final Bid
1965 Convertible$38,500Final Bid
1965 Covette Race Car$22,000Final Bid
1965 Corvette Race Car$20,000Final Bid
1966 Corvette$49,500Final Bid
1966 Convertible$41,000Final Bid
1966 Convertible$40,000Final BId
1967 Convertible$97,000Final Bid
1967 Convertible$90,000Final Bid
1968 Convertible$42,000Final BId
1968 Convertible$44,000Final Bid
1968 Convertible$24,000Final Bid
1968 Convertible$25,000Final Bid
1968 Convertible$23,500Final Bid
1968 Coupe$10,700Final Bid
1969 Convertible$21,600Final Bid
1969 Coupe$25,250Final Bid
1972 Coupe$11,700Final Bid
1972 Coupe$14,300Final Bid
1972 Coupe$10,000Final Bid
1972 Coupe$40,000Final Bid
1973 Convertible$10,000Final Bid
1974 Coupe$4,950Final Bid
1978 Coupe$6,300Final Bid
1975 Convertible$21,000Final Bid
1976 Coupe$12,250Final Bid
1979 Coupe$8,700Final Bid
1980 Coupe$13,000Final Bid
1981 Coupe$5,000Final Bid
1981 Coupe$9,300Final Bid
1982 Coupe$6,500Final Bid
1984 Coupe$19,000Final Bid
1985 Coupe$12,000Final Bid
1986 Convertible$13,000Final Bid
1987 Callaway Conv$31,000Final Bid
1987 Callaway Conv$15,000Final Bid
1989 Coupe$5,000Final Bid
1990 Coupe$25,000Final Bid
1990 Convertible$14,500Final Bid
1992 Coupe$7,200Final Bid
1993 Coupe$15,000Final Bid
1996 Coupe$13,100Final Bid
1999 Convertible$21,500Final Bid
2001 Convertible$25,000Final Bid
2002 Coupe$24,000Final Bid
2003 Convertible$30,000Final Bid

Corvette Values: 1972 Convertible

by Keith Cornett on September 14, 2005

SB of New Jersey Submitted this 1972 Convertible to Corvette Values: 1972 Corvette Convertible, VIN 1Z67K2S5214XX. 2 Owner Car. 350 ci, 4 Speed transmission, Yellow with Cloth Black interior, Black Soft top. Power Steering, Factory A/C. $10,000 on Engine/Mechanicals spent within last year. Exterior is original paint in street driven condition. Interior and Chrome are in good condition. This 1972 Convertible is one of 6,508 convertibles manufactured. Based on the VIN it was assembled in the second half of the production run. (21,400 of 27,004 total) The VIN indicates the engine is the base 350 cubic inch engine: Fifth Digit = K: 350 ci 200 hp. A 4-speed transmission was also included in the base model. The Corvette is Sunflower Yellow with Black cloth interior and a black soft top. Only 5% of Corvettes were painted Sunflower Yellow making this a rare color choice for 1972. The exterior paint is original and in street driven condition, with some chipping and cracking. The interior is listed a good condition. The Corvette features wanted conveniences like factory A/C and power steering. The owner has had the Corvette since the late 70′s and is the second owner. Most documentation including history and service/repair receipts have been saved. We place a value of $18,500 on this 1972 Convertible. In addition, our pricing data shows a 14% appreciation in average price during the past year. Submissions:
Send your submissions to info@CorvetteBlogger.com with “Corvette Values” in the subject line. We can’t answer them all, but if we find your Corvette interesting to both us and our visitors, we may use it. Feel free to submit a photo as well.

Monterey Auction Results

by Keith Cornett on August 26, 2005

RM Auctions featured several rare Corvettes for sale at the Monterey Sports and Classic Car Auction held August 19th and 20th. The Corvettes included an ultra rare 1963 Corvette Z06 Convertible, a 1969 Baldwin Motion III and a 1968 L89 Corvette race car.

The 1963 Corvette Z06 Convertible was a no-sale at a high bid of $625,000. This Corvette is currently the only documented 1963 Convertible ordered with the Z06 RPO package, usually ordered by those whose Corvettes were destined for the race track. Until now, when this documented example was discovered, most Corvette historians had agreed that a convertible edition of the Z06 did not exist. The convertible was expected to go for $650,000 – $950,000.

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Corvette Values: 1978 Coupe

by Keith Cornett on August 24, 2005

TR of West Seneca, NY submitted this 1978 Coupe to Corvette Values:

1978 T-Top Coupe, VIN 1Z8748S438444. 56,418 Original Miles, L-82 350 ci 220 hp engine, 4-Speed transmission, 2 Tone Silver with Mahogany Cloth interior. Power Steering/Brakes/Windows. Factory A/C. AM/FM/CB Radio. Mechanicals rated as Excellent, Exterior/Interior in Good condition.

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Corvette Values: 1989 Coupe

by Keith Cornett on August 15, 2005


LD of Midway, GA submitted the following to Corvette Values:

1989 White Coupe. VIN: 1G1YY2188K5106318. 113K Miles, Non original motor with 7K miles L98 350 ci engine, automatic transmission. Tan interior, cloth seats. Power Steering, Brakes and Windows. Condition is average/street driven.


This 89 Coupe is one of 16,663 Coupes built and was assembled early on based on the VIN. Considered to be in good street driven condition, it has 113K original miles. Powered by the non-original 350-240 motor, it has an auto transmission as did over 22,000 Corvettes made that year. White was the second most popular color ordered (5,426) and the saddle cloth interior was a rare choice with only 400 ordered with this option in 1989. The Corvette is equipped with the standard power options including power steering, brakes and windows. Our value for this Corvette is $11,000. Our Corvette Price Database shows a one year depreciation in price to be 1% which may indicate the 1989 Corvette Coupe will soon start to appreciate in value over the next few years.

Submissions:
Send your submissions to info@CorvetteBlogger.com with “Corvette Values” in the subject line. We can’t answer them all, but if we find your Corvette interesting to both us and our visitors, we may use it. Feel free to submit a photo as well.

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