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Marketplace

1967 Corvette L88 Sells for World Record $3.5 Million at Barrett-Jackson

All Corvette enthusiast eyes were on Barrett-Jackson in Scottsdale Saturday afternoon in expectation for some record setting prices. If you have been following CorvetteBlogger’s updates on this week’s Barrett-Jackson auction extravaganza, you know that their 2014 event has gotten off to a strong start with attendance up 30% through Thursday and sales exceeding last year by over 8%.

Saturday is traditionally when the best of the best collector cars cross the block and in the late afternoon within a little over one hour six Corvette lot numbers sold for a combined total of $8.63M including bidder fees. These included some of the best known and important Corvettes.

But the real star of the afternoon was a 1967 second generation L88 coupe we called the “crown jewel” of Corvettes in an article back in November, one of only twenty Corvette L88 coupes built that year. Within a few minutes of the famous “Rebel” racecar selling for $2.86M (including buyer’s premium), the 1967 L88 red/red award-winning coupe set a new world’s record for a Corvette sold at auction when it hammered for $3.5M ($3.85M including buyer’s fees). The bidding quickly rose to $2M then surpassed the former record price of $3.2M set by another 1967 L88 last September by almost 10%. When the reserve was lifted the car sold setting a new world’s record Corvette auction record.

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The Why? Behind the Jump in Corvette Prices at Auction
1967 427 3 2bbl fully restored car crossing block Saturday Lot 1278 – Photo courtesy of Barrett Jackson

Traditionally Thursday at Barrett-Jackson’s eight day collector car auction is a transitional day that bridges the gap between the early “bargain days” where many entry level, “small cap” collector cars are featured and the more expensive “blue chip” high dollar cars which cross the block on Friday through Saturday. This year has proved to be the strongest start to Barrett-Jackson’s auction extravaganza where over 1300 cars will cross the block over the course of the auction.

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Opening Corvette Auction Results at Barrett-Jackson

by Rick Tavel on January 17, 2014

Opening Corvette Auction Results at Barrett-Jackson

The 2014 auction season is off and running and if the first few days’ results are any indication this year is going to set records in prices and attendance. Barrett-Jackson kicked off the season on Sunday, January 12th, with their legendary auction extravaganza and so far have seen attendance jump by 25%. In addition the prices paid have set a precedent for the highest for initial first few days, days traditionally know for “bargains”.

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Mrs. Harley J. Earl's 1963 Corvette to be Offered at Mecum Kissimmee

Most Corvette enthusiasts are probably aware of the 1963 Corvette built for GM’s design boss Harley Earl. The blue roadster has traded hands a couple of times in recent years most recently selling for $1.5 million in October 2013. But did you know that GM also built a special car at the same time for his wife, Sue? The pink 1963 coupe hasn’t been seen in nearly 40 years, and it’s being sold at Mecum Kissimmee sale later this month.

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Recap of 2013′s Monthly Corvette Sales

by Keith Cornett on January 9, 2014

Recap of 2013 Monthly Corvette Sales

One of the content features on CorvetteBlogger throughout our eight plus years of blogging about America’s favorite sports car has been tracking the monthly sales of new Corvettes. But last year we sort of got away from that when the assembly plant shut down as it prepared to build the new 2014 Corvette Stingray.

So here is a recap of the monthly sales of Corvettes in 2013 and then each month moving forward we’ll be back to our regular schedule of bringing you the previous month’s official sales numbers from Chevrolet, along with our award-winning and slightly-biased analysis.

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World's Fastest Street Legal Car Racing to Barrett-Jackson Scottsdale

Back in 2009 we first told you about Rod Saboury’s wicked street legal 1963 Corvette drag car. The 2,600 hp monster will run the quarter mile in a mere 6.75 seconds at 209 mph. Then, in late 2012, the car showed up on eBay where it failed to sell in October. Now you’ve got another chance to score this sick whip when it crosses the Barrett-Jackson auction block next week in Scottsdale, Az.

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Corvette Stingray Premiere Edition that Crashed Through Dealers Window Offered at a Discount

Some dealers are offering $2,000 discounts on non-Z51 Stingrays.

But we haven’t heard of any discounts on Z51s – until now.

Of course, as usual, there is a catch.

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Red on Red 1971 LS6 Convertible Headed to Russo and Steele Scottsdale

The list of significant Corvettes being offered at the January auctions next month continues to grow. Next up is this very rare red on red 1971 LS6 convertible which will be crossing Russo and Steele’s auction block in January. It is believed that this car is the only red on red LS6 roadster ever built.

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Corvette Stingray Sales Expand to All Certified Chevy Dealers

Santa is bringing Corvette enthusiasts an early present.

Chevrolet has announced that all 3,000 of its dealers in the United States are now eligible to sell the 2014 Corvette Stingray – if they want to meet certain rules laid down by the automaker.

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The Earliest Known 1963 Corvette Sting Ray

by Steve Burns on December 13, 2013

The Earliest Known 1963 Corvette Sting Ray

Back in 2006 and 2007 ProTeam Corvette Sales purchased, restored, and sold the last 1967 Corvette produced. The Last Sting Ray fetched $660,000 at the 2007 Barrett-Jackson Scottsdale auction and was the subject of a series on SPEED.

Proteam has an article on their website about the very first Corvette Sting Ray, a silver 1963 coupe built under a Shop Order in 1962. The has car spent its entire life in Europe and has been rarely seen. Its last 30 years have been spent in a private collection. Click past the jump to see how this piece of Corvette history came to be.

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