All eyes of the collector car world are focused on California this week as Monterey Week 2012 gets underway. Each year thousands of collector car enthusiast head west to participate in the weeks’ activities which culminate at the esteemed Pebble Beach Concours d’Elegance. Included in the car shows, race car reunions, and road rallies are 5 high-end collector car auctions. Mecum, RM, Russo and Steele, Gooding and Company, and Bonhams all are holding events this week. Our handy guide to those Monterey auctions awaits you after the jump.
We first told you about the Corvette-based SV 9 Competizione back in the summer of 2009. At that time there were plans to build as many as 1,000 of the custom coaches for just under $100,000 apiece. That was before SV Motors’ boss was indicted on investment fraud charges. It appears that just 4 of the carbon fiber-bodied cars were ever built. You’ve got your chance to score one member of that quartet at Mecum’s Monterey auction next week in California.
As we rapidly close in on the middle of August we also close on in the annual auction frenzy that takes place during Monterey Week. Over the next several days we’ll take a look at some of the unique Corvettes being offered next week in California. First up is the legendary Owens-Corning L88 Racer. The car, generally considered to be the most successful racing Corvette of all time, is being auctioned at RM’s Monterey sale on Friday, August 17th. Get your banker on the phone now as this one won’t be cheap.
During the run-up to the sale of the 2009 Corvette ZR1, we saw many buyers turning to eBay to secure their chance to buy the 638-horsepower sports car. Both dealers and individual sellers jumped into the fray and we saw some outrageous auctions designed to play off the hype and “want factor” of those who wanted to be among the first to own.
That’s all well and good when the car is actually in production and for sale, but here is a case of an individual attempting to auction a 2014 C7 Corvette – the next generation Corvette that’s not expected to arrive at dealers for another year or so.
General Motors released the July 2012 sales report this week and the data shows 987 Corvettes were delivered during the month. This is a huge decline from June 2012 where 1,475 Corvettes found new homes, however it was somewhat expected with the extended July shutdown at the assembly plant.
Comparing July 2012 sales to July 2011′s number of 1,291 Corvettes sold, deliveries are off a whopping -23.5%. For the calendar year to date, a total of 8,009 Corvettes have been sold which is pacing -2.2% off of 2011′s CYTD 8,187 sales figure.
GG in Indiana submitted this 1985 Corvette Coupe to Corvette Values:
1985 Corvette Coupe, VIN #1G1YY0788F5129XXX. Red with Red leather interior. Powered by original 350 TPI V8 with manual transmission. Corvette has 54,000 miles. Power everything and AC blows cold. Options include Z51 suspension. Car is in good condition mechanically along with the interior and tires, while the exterior is rated excellent. Documents include original window sticker.
Find out how we valued this Corvette Coupe after the jump.
By definition, a supernova is the explosion of a star during which the star’s luminosity can increase by up to 20 times and most of the star’s mass is blown away at a high velocity. By our definition, a Corvette racecar can explode around treacherous racing circuits at equally high velocities. Here’s your chance to buy a 1964 Corvette racer dubbed Supernova at Russo and Steele’s upcoming auction in Monterey, California next month.
Looking for some good news regarding new Corvette sales? According to GM’s June 2012 sales report released last week, Corvette sales jumped to 1,475 cars for the month, an increase of 13.5% over June 2011′s 1,299 deliveries.
This is the best sales figure we’ve had since September 2009 when 1,589 Corvettes were sold. For the calendar year, sales are up 1.8% with 7,022 Corvettes delivered between January-June 2012 compared with 6,896 Corvettes sold over the same time period in 2011.