We received good news regarding new Corvette sales via GM’s monthly sales report. GM posted 1,407 deliveries of new Corvettes last month, the highest amount since September 2008 and the fourth straight month of growth. Sales of Corvettes climbed 18.9% over March 2009′s figure of 1,183. During the month, the total inventory of Corvettes available fell 9.4% to a total of 6,416 units available nationwide.
There is a reason that new Corvette ZR1′s come with a free 2-day driving course at schools like Bondurant. There is a lot of power in the 638-hp supercharged Corvette and while there are many technological features designed to keep you in control, sometimes
shit happens that can be hard to do. While we don’t know the details of what happened to this Corvette ZR1, we did surmise the following:
Man stomps on accelerator, Corvette ZR1 gets sideways and whacks something really hard. Insurance covers accident and Corvette is put up for sale on eBay.
So we finally have come to the moment in the Corvette ZR1 timeline that we can check-off seeing the first damaged car being sold on eBay. VIN #00427 is a 2009 Cyber Gray Corvette ZR1 that looks like it took a hit to the driverâ€™s rear quarter panel. From the looks of things, that back wheel is gonna need a serious alignment.
The auction details tell of some of the damage:
- Cracks on the left side in the rear tub assembly
- Rear bumper cover is TORN.
- The lower control arms on the left rear are bent.
- This is a fantastic Corvette with numerous features. A sure to please.
The ZR1 in the auction does please with its ZR3 Premium Package and the low 1,227 miles on the odometer. So what does a slightly used, slightly damaged Corvette go for? The opening bid is $75,000 and there is a “buy-it-now” at $97,500.
The auction ends on May 12th. For details, check out the full auction listing on eBay.
The National Corvette Museum will be raffling the very first 2009 Competition Sport Corvette (RPO CSC) which is a Blade Silver Z06 with Black stripes. The drawing will be held today at 2pm CST and according to an email sent yesterday, only 270 of the 500 tickets total have been sold so your odds of winning are extremely favorable. As the CSC Corvettes all come with a number signifying the build sequence, some lucky winner will get the chance to win #01.
The Competition Sport Corvette Z06 Package features:
- Blade Silver/Black exterior
- Ebony interior with Titanium embroidery
- Corvette Racing “Jake” and “CRS” logos
- Corvette Racing pedals from Genuine Corvette Accessories
- Differential Cooler
- Red painted brake calipers
- Z06 tall spoiler
- Head Up Display
- R8C Museum Delivery
The winner will have the opportunity to take delivery at the Museum and participate in the R8C Delivery Program.
“We are excited to have the first produced representing this extraordinary Corvette model to use as a fundraiser,” states NCM Executive Director, Wendell Strode. “We appreciate the allocation from our friends at GM allowing us the chance to purchase this car for use as a fundraiser, and look forward to meeting the winner when they take delivery at the Museum. We hope that by continuing to offer these raffles to benefit the Museum, we are also giving someone an opportunity to become a Corvette owner that might not have had the opportunity.”
The Corvette raffles have become an important fundraising tool for the museum. The muesum actually purchases these Corvettes from the factory and then makes money from the difference in what it collects from the raffle ticket sales.
Tickets for the 2009 Competition Sport Z06 are $425 each and available online at at the Corvette Museum or by calling us at: (800) 538-3883.
Congratulations to William Leighton of The Woodlands, TX drawn this afternoon as the winner of the limited edition 2009 Competition Sport Corvette Z06! William held winning ticket number 054 and his odds were even better than expected because this raffle did not sell out. We sold 464 of the 500 tickets that were made available. William was shopping online in the Corvette Store and decided to take a chance. He has never visited the Museum before and looks foward to coming and taking delivery of this special edition Corvette. Thanks to everyone who participated in this raffle. Your next chance to win is coming up on May 7 when we will draw a winner for the 2009 Cyber Gray Corvette Coupe. Only 500 tickets are being sold at $250 each.
National Corvette Museum
Chevrolet Dealer and noted Corvette Collector Bob McDorman will be bringing 25 unique cars to Dana Mecum’s Spring Classic in Indianapolis in mid-May. Among those cars is the first true high-performance Corvette in history, the 1954 EX87 test mule that Corvette’s first Chief Engineer Zora Arkus-Duntov drove to 163 mph at the Arizona Proving Grounds.
It was in the mid-1950â€™s that Zora Arkus-Duntov had Daytona legend Smokey Yunick install an experimental V8 engine into a 1954 Corvette test mule. Following that test, EX87 was reissued a new tracking number of 5951 and was returned to Zora at Chevrolet Engineering to prepare for a high-speed record run at Daytona Beach in January 1956.
Duntov modified the Corvette by replacing the windshield with a curved Plexiglas windscreen and fitting a fiberglass tonneau cover over the passenger side of the cockpit. Zora also fabricated a fiberglass headrest-tailfin for high speed stability.
Zora then went to work on the engine, increasing displacement from 283 to 307 ci and ordered a special camshaft from Engineering before loading EX87 onto a trailer and heading for GM’s Arizona Desert Proving Ground.
Engineering delivered “Duntov’s Cam” to the proving grounds and once installed, the test mule set a new record of 163 miles per hour. That cam became know as the “Duntov Cam”.
Once testing at the proving grounds was completed, the engine was pulled and installed in another famous Corvette #6901 which set a new record at Daytona with a run of 150.583 mph.
Following the death of Smokey Yunick in 2001, his widow called friend Steve Tate and said she had “some stuff around the shop” and to come see if there was anything he wanted. Among that “stuff” was an engine marked “Record Run”, the same engine Smokey installed in EX87/5951.
Tate tracked down the car and purchased it and its original Chevrolet experimental log book. Tate restored the Corvette and reunited it with the engine that set records so long ago. Upon completion, the Corvette was featured at the 2003 Bloomington Gold Corvette show.
The 1954 EX87 Corvette is one of the featured cars being auction by Mecum at the company’s Spring Classic in Indianapolis on Friday, May 15th. The auction will be part of the Mecum’s Muscle Cars and More TV show on HD Theater. Visit Mecum Auctions for more info and the car list for the Original Spring Classic Auction.
Auction Preview: 1957 COPO Air-Box Fuelie Corvette Racer
Auction Preview: 1965 Caplan/Gulstrand Corvette Racer
[VIDEO] Auction Results: 1969 Corvette L88 COPO Racer
[VIDEO] Gulf One 1963 Corvette Z06 Sells for $1.05 Million
Breaking News: Corvette Grand Sport #002 Fails to Reach Reserve
ML from Indiana submitted this 1979 Corvette T-Top Coupe to Corvette Values:
1979 Corvette, VIN #1Z8789S443XXX, original L48 350 cubic inch V8, automatic transmission, 58,905 miles. Power steering, brakes, door locks and windows, telescopic steeering and AC. Classic White paint is in good condition as well as the red interior. Original owners manual, but no other documentation exists.
Find out how we valued this Corvette after the jump.
1979 Corvette T-Top, VIN #1Z8789S443XXX. The Vin indicates it was built late in the 1979 Corvette model production year assuring that any modifications or engineering changes would have been included in this Corvette.
Mileage of 58,905 is reported as original and correct; this is very low for a 1979 vintage Corvette.
This T-Top Corvette is Classic White in color, the paint being termed in good condition. The body panels are totally original reflecting no modifications. The White paint is complimented by a Red leather interior, also in good condition.
The 1979 Corvette T-Top is powered by the original L48 motor (350 ci/195 hp) that was the base motor in 1979 as indicated by the fifth digit in the VIN #, 8=L48 motor. This motor is coupled with an automatic transmission, a combination selected by the majority of the 1979 Corvette buyers.
This Corvette is well equipped with many of the comfort and convenience options including power steering, brakes, windows, door locks, tilt-telescopic steering column and air-conditioning.
The original radio has been replaced by an after-market unit, however the radio housing has not been modified.
From a documentation perspective, the original owner’s manual is intact.
We place a value of $12,000 on this Corvette. From a substantiation perspective, first quarter 2009 auction results indicate the appraisal value is correct. Also of interest is that the one-year appreciation factor for the 1979 Corvette is 4%.
With rapidly changing Corvette values, make sure your insurance coverage keeps up with your Corvettes value by having it appraised online at VetteFinders.com. Our online appraisals are only $69.95 and are usually completed within three business days. Click here to start your Corvette appraisal now.
VetteFinders.com Appraisal Service
Corvette Values: 1972 Corvette Roadster with a 454ci V8
Corvette Values: 11-mile 1978 Corvette Pace Car
Corvette | Vette | Prices | Values | Appraisal | C3 | 1979 | T-Tops | Coupe | Value
At last weekend’s Barrett-Jackson Collector Car Auction in Palm Beach, Florida, this 1959 Corvette Resto-Mod stole the show and ended up at the top of the Corvette pricing chart for the three day event. The custom C1 roadster hammered for $135,000 and with a 10% buyers commission, the total price rose to $148,500.
1959 Corvette catalog description from Barrett-Jackson:
Features a new custom body with a custom chassis, chrome C4 suspension, new C4 4-wheel disc brakes, new GM LS3 Cammer engine with 500hp and a 2 year GM warranty. Equipped with all chrome components from Street & Performance including a 4L60E 4-speed.
A 1959 custom Corvette that was just completed. Features a new custom body with a professionally-built custom chassis, chromed C4 front and rear suspension with 5-way dampened chrome Aldan shocks, new drilled and slotted C4 4-wheel disc brakes, a brand new GM LS3 Cammer engine with 500hp and a 2-year GM warranty. It is fully equipped with all chrome components from Street & Performance including a 4L60E 4-speed transmission. The car has power steering, power brakes, tilt wheel, air conditioning, power windows and custom polished stainless steel Magnaflow exhaust. It is also equipped with AM/FM/CD stereo with 7″ LCD screen for rear view camera plus DVD player,18″ Intro wheels on front and 20″ on back with Nitro Extreme tires, power activated hood and trunk. The custom Ivory and Red/Orange leather interior is beautifully done. Car does not come with a top, but a standard 1959 Corvette hard or softtop will fit. The car has attended 2008 Bowling Green Goodguys Show where it received a Fab 5 Pick. It drives like a new ‘Vette and is absolutely stunning.
Corvette Sales for the three day auction event raised over $2.15 million. Click here for the Corvette Auction Results from Barrett-Jackson Palm Beach.
Barrett-Jackson Palm Beach 09: $2.15 Million in Corvette Sales
Government Halts Barrett-Jackson Sale of GM Cars
Auction Results: 1988 35th Anniversary Corvette Sells For Record High
Corvette Auction: 2009 Barrett-Jackson Palm Beach Preview
Barrett-Jackson concluded their three day collector car event in South Florida on Saturday and sales of the 39 Corvettes featured at the no-reserve auction totaled $2,146,275. This trails last year’s 4-day, 59 Corvette auction that brought in $3.8 Million in sales. Included in the sale were 11 Corvettes from GM’s Heritage Collection which brought a total of $496,650.
The overall top selling Corvette was a 1959 Corvette Custom Resto-Mod (Lot #652.1)equipped with a LS3 500-hp V8 and a ton of toys like the 7″ LCD screen for rear view camera plus DVD player and power activated trunk and hood. The custom Red/White cove roadster sold for $148,500 which was the eighth highest selling car of the entire auction. Second on the Corvette sales list was another C1, an original documented 1962 Roadster (Lot #674.1) powered by a 327 cubic inch fuelie. The Honduras Maroon NCRS Top Flight Corvette sold for $143,000.
As you may have read, sales of GM’s Heritage Collection cars was halted midway through Thursday’s auction by the National Highway Traffic Safety Administration over concerns that buyers would try to register the “scrap” titled cars for the road. Cooler heads prevailed and the sales resumed on Friday.
The top selling Corvette from the Heritage Collection was the 1999 “First Built” Hardtop (Lot #678.1). Equipped with an LS1 V8, Z51 suspension and a 6-speed manual transmission, the first production hardtop since 1967 sold for $110,000.
Here are the Corvette Sales Results from the 2009 Barrett-Jackson Palm Beach Auction:
|LOT #||YEAR||MODEL||STYLE||HIGH BID|
|13||1994||CORVETTE||"FIRST BUILT" COUPE *||$23,650.00|
|21||1993||CORVETTE||40TH ANN CONVERTIBLE||$16,775.00|
|28||1968||CORVETTE||COUPE 327 CI||$27,500.00|
|38||1988||CORVETTE||35TH ANNIVERSARY COUPE||$41,250.00|
|51||1971||CORVETTE||COUPE 350 CI||$20,350.00|
|57||2005||CORVETTE||C-6 COUPE TEST MULE *||$24,200.00|
|57.1||1988||CORVETTE||TWIN TURBO COUPE *||$42,900.00|
|326.1||1978||CORVETTE||25TH ANNIVERSARY L82||$28,050.00|
|342||1972||CORVETTE||COUPE 454 CI||$27,500.00|
|344||1965||CORVETTE||CONVERTIBLE 396 CI||$57,200.00|
|348.1||1971||CORVETTE||CONVERTIBLE 350 CI||$35,200.00|
|348.2||1964||CORVETTE||CONVERTIBLE 350 CI||$46,200.00|
|355.2||1964||CORVETTE||CONVERTIBLE 327 CI||$43,450.00|
|386||1969||CORVETTE||COUPE 427 CI||$42,350.00|
|398||1967||CORVETTE||CONVERTIBLE 327 CI||$57,200.00|
|421||2003||CORVETTE||LEMANS SAFETY CAR #6 *||$28,600.00|
|637.1||1960||CORVETTE||CONVERTIBLE 283 CI||$99,000.00|
|638||1967||CORVETTE||COUPE 327 CI||$55,000.00|
|645||1969||CORVETTE||CONVERTIBLE 427 CI||$66,000.00|
|646||1966||CORVETTE||COUPE 427 CI||$79,200.00|
|656||1966||CORVETTE||COUPE 327 CI||$75,900.00|
|674.1||1962||CORVETTE||CONVERTIBLE 327 FI||$143,000.00|
|675||1978||CORVETTE||INDY 500 PACE CAR #4 *||$29,700.00|
|676.1||1990||CORVETTE||ZR-1 "ACTIVE" PROTOTYPE *||$66,000.00|
|677||1997||CORVETTE||CERV IV-B *||$66,000.00|
|678.1||1999||CORVETTE||"FIRST BUILT" HARDTOP LS1 *||$110,000.00|
|679.2||2006||CORVETTE||Z06 COUPE "FIRST BUILT" *||$50,600.00|
|680.1||1984||CAPRICE||"CORVETTE B WAGON" *||$22,000.00|
|680.2||1997||CORVETTE||LEMANS SHOW PACE CAR *||$33,000.00|
|681.1||1960||CORVETTE||CONVERTIBLE 283 CI||$84,700.00|
|686||1966||CORVETTE||CONVERTIBLE 327 CI||$62,700.00|
|686.1||1969||CORVETTE||CONVERTIBLE 427 CI||$59,400.00|
* All prices include 10% buyers commission
Update: A CorvetteBlogger reader tells us the sale of GM vehicles at Barrett-Jackson is back on. The reversal of the NHTSA sent a wave of applause and high-fives throughout the Palm Beach auction.
We got the news late Thursday evening that the National Highway Traffic Safety Administration halted the sale of some of GM’s Heritage Collection Corvettes and other cars due to concerns that buyers may be unaware that cars sold on a scrap title or bill of sale are not to be registered for the street, despite the fact that GM and Barrett-Jackson list a disclaimer that says the same.
Sports Car Market reports:
West Palm Beach, Florida: Midway through Friday’s collector car sale, representatives of the National Highway Traffic Safety Administration (NHTSA) forced Barrett-Jackson to stop the sale of certain cars from the GM Heritage Fleet. Our sources tell us that this order from NHTSA was completely unexpected; Barrett-Jackson and GM have been extremely careful to note, in written material posted on the cars, which GM cars are sold on “salvage titles” or similar, and cannot be registered. Apparently, despite this, NHTSA is concerned that someone “might try” to register the cars for the street.
GM and Barrett-Jackson are attempting to resolve this so that the cars, which have been heavily publicized and have drawn bidders from across the nation, can be sold. Unfortunately, discussions are hampered by the fact that the relevant NHTSA offices are closed for the day, and reportedly will be closed tomorrow as well.
The disclaimers can be seen on each of the GM Corvettes and cars sold with “scrap” titles or Bill of Sales. The disclaimers read:
THIS IS A CONCEPT VEHICLE. NEITHER GM NOR BARRETT-JACKSON MAKE ANY WARRANTY OR REPRESENTATION OF ANY KIND, EXPRESS OR IMPLIED, CONCERNING THE VEHICLE, INCLUDING NO WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. THE VEHICLE IS NOT CERTIFIED TO COMPLY WITH ANY FEDERAL, STATE OR LOCAL LAWS, RULES OR REGULATIONS AND MAY NOT BE DRIVEN ON PUBLIC ROADS. THIS VEHICLE WILL BE CONVEYED TO BUYER WITH NO MANUFACTURER STATEMENT OF ORIGIN (MSO) OR TITLE AND THE VEHICLE DOES NOT HAVE A COMPLETE VIN. SOLD ON BILL OF SALE ONLY.The Government intervention Thursday evening halted the sale of 18 GM cars including two Corvettes:
Only 9% of the Corvettes manufactured in 1988 received the Z01 35th Anniversary Package and the example that sold today at Barrett-Jackson’s Palm Beach auction could quite possibly be the nicest one in existence.
The 35th Anniversary Package featured a white exterior with white wheels, white seats and steering wheel as well as special emblems and a console mounted plaque. 2,050 Coupes were produced at an extra cost of $4,795 over the $29,489 base price.
Lot #38 was an original one owner Z01 optioned Corvette with only 682 miles. The 350/245 engine was coupled to a rare 4-speed manual transmission (MMF), an option chosen only 19%. For 21 years the Corvette was stored in a climate controlled environment.
The 35th Anniversary Corvette hammered home for $37,500 and with commission the final sales price was $41,250. This easily beats the high price for a 35th Anniversary edition of $32,100 at an RM Auction held in 1998 in Monterey as listed in the VetteMarket.com CP database.
Our Corvette Price Guide’s 2008 high for a 35th Anniversary Coupe was $28,000. In addition, the one year appreciation shows 1% growth over the previous year.
The 7th Annual Barrett-Jackson Collector Car Auction at Palm Beach gets underway this Thursday and currently 39 Corvettes are listed on the auction docket. The list is an interesting mix of classics and newer Corvettes because, like January’s Scottsdale auction, General Motors is selling 100 vehicles from its Heritage Collection which includes 11 Corvettes and prototypes.
The earliest Corvette on the list is a black 1954 Corvette roadster (Lot #664). The Corvette is off a fresh frame off restoration and is powered by the 235 ci straight 6 Blue Flame engine. With only 4 Corvettes thought to be original black cars in 1954, we doubt this Corvette is one of them as there is no mention of documentation or certification from NCRS/Bloomington.
Another early Corvette we think will do well is a 1966 Corvette Coupe (Lot #646) equipped with a 427/390 V8 and a 4-speed. The matching numbers coupe comes with factory air conditioning, J56 power brakes, power antenna, day/night mirror, back-up lights, traffic hazard warning, AM/FM radio, knock-off wheels and correct General tires. This Corvette was awarded an NCRS Top Flight at the Dallas Texas Regional in October 2008.
There are a couple unique GM Heritage Collection cars here as well. While many will like the 1978 Corvette Indy Pace Car (Lot #675) that is 1 of 4 Corvettes used at the race, we like several of the prototypes and mule cars being made available. In that category, collectors can choose from the 1999 First Built Hardtop (Lot #678.1) stuffed with an LS7, the 1990 ZR-1 “Active” prototype (Lot #676.1) and a 2005 C6 Coupe Test Mule (Lot #57) that still features its camouflage coverings.
Also of interest is the first built 2006 Corvette Z06 (Lot #679.2) driven at Nurburgring in 2005 by Corvette Racing driver Jan Magnussen. We recommend you take a couple of minutes and read up on the description of this historic C6 Corvette.
SPEED TV will be providing 22 hours of auction coverage with the live action starting at 12 noon on Thursday, April 9th. Download our 2009 Barrett-Jackson Palm Beach Corvette Schedule for auction and coverage times.