General Motors issued their sales report and if you haven’t heard the news, it was a pretty dismal month for sales across the board for GM brands. While overall Chevy sales were down only -1.2%, sales of the Corvette dropped nearly -13% to 629 for the month, a number we haven’t seen since February 2010.
With so much going on in Kissimmee last weekend with the NCRS Regional and the Mecum collector car auction going on simultaneously, it was hard to be in two places at one time. After putting in a full day at the NCRS Regional, I arrived at the Mecum auction early Friday evening and as I walked into the front entrance, I heard the gavel fall as the auctioneer yelled “SOLD SOLD SOLD – $610,000″. I knew right away I had just missed the sale of this 1969 L88 Corvette Roadster.
The 1961 Corvette Gulf Oil race car was one of the centerpieces of Mecum’s 2012 Kissimmee auction and it drew massive attention when it hit the auction block Saturday afternoon. Bidding on the Grady Davis Gulf Oil-sponsored Corvette was fast and furious at the beginning but eventually stalled at $850,000 and the car went unsold. The reserve was undisclosed and the auctioneer only said that it would take “more”.
It didn’t quite reach the pre-auction expectations, but the third-oldest Corvette in existence still sold for a whopping $445,500 at the RM Auction in Arizona on Friday, Jan. 20, 2012. The car was predicted to sell for between $450,000 and $650,000 but fell short of those targets – though still one of the highest priced 1953 Corvettes ever sold.
The sun has barely set on all of the Arizona collector car auctions, but we’ve still got one more event to go before the 2012 calendar rolls over to February. Mecum’s monster 2,200 car Kissimmee, Florida auction begins Tuesday, January 24th at 11am and runs through Saturday, January 28th. Velocity will have 32 hours of live coverage starting on Wednesday the 25th.
At Saturday’s Russo and Steele auction in Scottsdale, a very special 1989 Bright Red Corvette was driven up on the block. With 26,412 Corvettes built during the 1989 model year, what could be so special about this particular Corvette that would give it a coveted Saturday evening auction slot? This ’89 Corvette Convertible was owned and driven by the Godfather of Corvette: Zora Arkus-Duntov.
We tuned in to Saturday evening’s live stream of the Russo and Steele auction to catch some of rare Corvettes that were offered for sale. This 1968 L88 Corvette Roadster was one of the major attractions at the Scottsdale auction and it sure didn’t disappoint, selling for a cool $625,000. With the 10% buyer’s commission, price out the door was $687,500.
With much fanfare, the 2013 Corvette 427 Convertible Collector Edition with the 60th Anniversary package drove up on the Barrett-Jackson auction block Saturday afternoon and was hammered sold for $600,000. Minutes later it was annouced that William Vannoy, the losing bidder in the auction, had also donated $100,000 to the sale to bring the total amount raised for charity to $700,000. Buying the rights to buy the VIN 001 2013 Corvette was Barrett-Jackson regular Ron Pratte.
Here’s a funny eBay ad aimed at classic Corvette restorers that is making the rounds this week. If you are looking to earn the maximum points possible when having your Corvette flight judged, then you shouldn’t overlook the air in those reproduction tires. Today on eBay, you can buy the original tire air from a 1967 L88 Corvette.
Our final preview at the January collector car auctions will focus on the activities at Gooding and Company’s and RM Auctions’ camps. You already know about 1953 VIN #5 crossing the block at RM, but they’ve also got an early Pilot 1954 in addition to an original Monaco Orange 1969 L88 Coupe up for grabs at Gooding and Company.
RM and Gooding only have a total of 9 Corvettes combined on their dockets, but what they lack in quantity, they make up for in quality.