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This 1963 Grand Sport Corvette Replica Sold for $61,000

Mecum concluded their two day Bloomington Gold auction on Saturday afternoon. It will be a memorable auction not for what sold, but for what didn’t sell. Only 108 of the 286 Corvettes sold which translates to a 38% success rating. However, many of the featured Corvettes didn’t reach reserve which makes us wonder if buyers were holding back or if sellers were asking too much.

The top seller for the weekend was a 1968 L88 Corvette Coupe with a Bloomington Gold Survivor award that sold for $300,000. Second on the list was a 1967 L71 427/435 Corvette that sold for $195,000.

Many of the top Corvettes listed failed to meet their reserve price. As we said earlier, we don’t know if buyers were holding back or if sellers were being unrealistic, but the fact remains that both camps would only buy or sell if the price was right.

The main attraction was Harley Earl’s 1963 Corvette Convertible. The bidding for the former Head of GM Design’s personal Sting Ray reached $985,000 but the reserve was said to be $1.3 million. Ed Cole’s former 1967 big block reached $550,000 but the reserve was said to be $700,000. The 1971 Corvette ZR2 Convertible reached $500,000 in bidding with the reserve set at $700,000.

The 108 cars that did sell over the two day auction totaled $5,226,550. Compared to last year’s Bloomington Gold auction that saw 138 Corvettes sell for a total of $8,745,619 and a sales success of 47%, I would say that the Corvette investment market has definitely been impacted by the downturn in the economy over the last year.

Finally, reading the forums and listening to other accounts of the auction, we heard the following:

Corvette Dealer Bob McDorman was upset that the Callaway Speedster he auctioned was sold for $115,000. According to a second hand source, McDorman wasn’t paying attention when asked whether he wanted to lift the reserve on this rare car and only after consenting to removing the reserve and the gavel falling did he realize what happened. Rumor has it he was recently offered $150,000 for the unique Series 1 Speedster.

Many reported to see on the Discovery HD television coverage a 1962 Corvette bump the wall of the facility while making its way off the auction block on Friday. A Corvette forum member did inspect the Corvette later and found no noticeable damage to the car.

Here are the results from Mecum’s 2009 Bloomington Gold Auction.


Source:
Mecum

Related:
Bloomington 2009: Harley Earl’s 1963 Corvette a No Sale at $985,000
Bloomington 2009: 1968 L88 Corvette Sets Auction High Selling Price at $300K
Bloomington 2009: Twin-Turbo 1991 Corvette Callaway Speedster Sells for $115,000
Bloomington 2009: 1966 Corvette Convertible Sells for $83,500
Mecum’s Two-Day Corvette Auction at Bloomington Gold Show
Auction Preview: Mecum Selling Harley Earl’s 1963 Corvette Roadster

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Bloomington 2009:  Harley Earl's 1963 Corvette a No Sale at $985,000

The personal car belonging to legendary General Motor’s automotive designer Harley Earl was a no sale at Mecum’s 2009 Bloomington Gold auction. The Corvette convertible was the main attraction on Saturday where it was introduced with great fanfare. Bidding started at $400,000 for the custom Sting Ray and quickly climbed to the high bid of $985,000 before stalling. The auctioneer proclaimed a no sale (Mecum’s the bid goes on) as the seller set the reserve at $1.3 million.

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Bloomington 2009:  Twin-Turbo 1991 Corvette Callaway Speedster Sells for $115,000

One of more interesting time periods for Corvette came midway through the C4 production run when you could order a twin-turbo for your Corvette. In 1991, the B2K twin-turbo RPO was the only non-GM performance option that could be ordered on a Corvette. This limited edition 1991 Series 1 Corvette Callaway Speedster is #8 of 10 made and used to be part of the Otis Chandler collection before being acquired by Chevrolet dealer and Corvette collector Bob McDorman.

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Bloomington 2009:  1968 L88 Corvette Sets Auction High Selling Price at $300K

Sales were very few and far between on the second day of Mecum’s High Performance Auction at Bloomington Gold. We’ll discuss this later when we tabulate the sales results. So when this 1968 L88 Corvette Coupe crossed the auction block, we weren’t getting our hopes up that the big block would sell. But the checkbooks came out for an original Bloomington Gold Survivor L88 and the $300,000 selling price was the highest price paid for a Corvette all weekend.

Here is the description of the L88 from Mecum’s catalog:

The dominant force of its time in SCCA and FIA competition, the L88 Corvette is still one of the wildest of any generation. With over 560 horsepower on tap at 5600rpm, the L88’s thumping powerplant far exceeded its factory-rated 430. Add its requisite F41 suspension, heavy duty disc brakes and indestructible Positraction rear end and the L88 was without peer.

Formerly a prominent piece of the Steve Hendrickson collection, this fabulous 1968 coupe embodies all the qualities dedicated collectors are searching for in their quest for the Holy Grail of Corvettes. In 1991 it collected an amazing NCRS judging score of 95.5 out of 100, and today it counts Bloomington Gold Silver and Survivor Certification awards in its well-documented history.

The car’s all-conquering L88 427 engine is complemented with the best from the 1968 equipment list, incorporating transistorized ignition, an M22 “Rock Crusher” 4-speed, J50/J56 heavy-duty power disc brakes, N36 telescopic steering and N11 off-road exhaust. It all comes together wrapped in sparkling International Blue with a Dark Blue interior, both in extraordinary condition, and completed with Rally wheels with correct Red Stripe tires.

Climb into the Dark Blue cockpit, depress the clutch pedal and turn the key, and the L88 barks instantly to life, idling crisply and rewarding the driver with instantaneous throttle response. When everything is up to the right operating temperature, the car answers every command with immediacy only possible in a big block Corvette built specifically for competition.

Documentation includes the Bloomington Gold Survivor Certificate, NCRS judging sheet, chain of ownership, window sticker and Protect-O-Plate.

The L88 legend is still very much alive, and it absolutely thrives in this shining example of the King of Corvettes.

Highlights:

  • Rare 1968 L88 427 4-speed
  • International Blue with Dark Blue vinyl interior
  • All correct original codes and numbers
  • M22 “Rock Crusher” manual transmission
  • F41 suspension
  • J56 heavy duty brakes
  • N11 off-road exhaust
  • A01 Soft Ray tinted glass
  • Telescopic steering column
  • Red Stripe tires


Source:
Mecum High Performance Auctions

Related:
Bloomington 2009: Twin-Turbo 1991 Corvette Callaway Speedster Sells for $115,000
Bloomington 2009: 1966 Corvette Convertible Sells for $83,500
Mecum’s Two-Day Corvette Auction at Bloomington Gold Show
Auction Preview: Mecum Selling Harley Earl’s 1963 Corvette Roadster

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Mecum's Two-Day Corvette Auction at Bloomington Gold Show

The live internet feed of Mecum’s Corvette auction at the Bloomington Gold show in St. Charles, Illinois just kicked off a few minutes ago and the HD Theater coverage will start at 6pm EST. Over 300 Corvettes are expected to cross the selling block today and tomorrow. You can watch the internet feed via ustream.tv.

For a complete list of Corvettes for sale, click here to download the car list.

 

Bloomington 2009:  1966 Corvette Convertible Sells for $83,500

This Ermine White 1966 Corvette Convertible was one of the high points on the first day of Mecum’s Corvette auction at the annual Bloomington Gold show in St. Charles, Illinois. The L72 427/425 hp V8 powered Corvette crossed the block early Friday and was sold for $83,500. Video of the sale is after the jump.

In 1966 the very first 427 engines found their way into Corvettes. Legend has it that the horsepower rating was over 450 but GM artificially deflated the numbers to please the insurance industry. The new power plant boosted the sting Ray’s street-cred immediately: 0-60 mph in 5.7 seconds and a 14-sec quarter mile.

This Ermine White Corvette is a numbers matching original example featuring the L72 427/425 hp engine. The V8 is mated to a 4-speed transmission with aggressive 4.11 gears while the exhaust exits through its distinct shrouded side pipes. Original Kelsey Hayes knock-off wheels, two tops and a teak wood steering wheel complete the classic package.

Both buyer and sellers should be pleased with this sale. The $83,500 paid puts this car in the top 20 of 1966 Corvette 427/425 prices according to Corvette Market’s Database and our Corvette Price Guide has the 1966 Corvette appreciating at 7% per year. Not too shabby in this economy!


Source:
Mecum

Related:
Mecum’s Two-Day Corvette Auction at Bloomington Gold Show
Auction Preview: Mecum Selling Harley Earl’s 1963 Corvette Roadster

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Friday’s Featured Corvettes for Sale

by Keith Cornett on June 19, 2009

1971 Corvette Convertible for Sale at VetteFinders.com

Check out these six great Corvettes we are featuring today from VetteFinders.com, the Internet’s original Corvette classifieds website. Each day thousands of buyers turn to our sister website to find the Corvette of their dreams as we have one of the best selections of both classic, preowned and new Corvettes available anywhere.

1959 Corvette Convertible For Sale 1966 Corvette Convertible For Sale 1971 Corvette Convertible For Sale
1959 Convertible
Email for Price
1966 Convertible
$70,000
1971 Convertible
$34,500
 
1995 Corvette Coupe For Sale 2002 Corvette Coupe For Sale 2006 Corvette Coupe For Sale
1995 Coupe
$13,900
2002 Coupe
$25,995
2006 Coupe
$34,995

Thinking of selling Your Corvette? Now is the time and VetteFinders.com is the place to reach more qualified Corvette Buyers. Corvette Classified Ads start at only $25 and your Corvette will run until its sells. You can post unlimited photos and you have access to make any changes at any time.


Source:
VetteFinders.com

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May 2009 Corvette Sales

by Keith Cornett on June 3, 2009

The news about Corvette sales just keeps getting better. For the fifth straight month, Corvette sales were stronger than the month prior. Chevrolet dealers sold 1,643 Corvettes in May, a 14% increase over April’s 1,407 deliveries. The May 2009 sales figure was also the highest since 2,318 Corvettes were sold in September of 2008.

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Harley Earl's 1963 Corvette Roadster

As the legendary designer and former head of GM’s Color and Style department, Harley Earl will always be remembered for his contributions to automotive design he made during his reign at GM in the heyday of America’s automotive manufacturing era. It was Earl that envisioned the idea of a two-seater sports car in the early 50′s and that idea culminated with the unveiling of the Corvette at the 1953 Motorama Show in New York.

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Official 2010 Corvette Grand Sport Pricing Released

by Keith Cornett on May 29, 2009

Offical 2010 Corvette Grand Sport Pricing Released

We got word today from Dave Salvatore of Kerbeck Corvette that pricing for the 2010 Corvette Grand Sport has been released. When the Grand Sport was introduced at the National Corvette Museum in April, Team Corvette members Harlan Charles and Tadge Juechter both said that people will be pleased when the final price is announced. Having seen the numbers, we see again why Corvette beats all sports cars in the performance per dollar category.

2010 Corvette Grand Sport Pricing:

  • 2010 Grand Sport Coupe starts at $55,720 including DFC
  • 2010 Grand Sport Convertible starts at $59,530 including DFC

Going off the current year pricing, that’s $6,205 more than the base Coupe and $5,360 for the base Convertible. Taking into account that we are expecting to see a pricing increase on the base coupe and convertibles, as well as the fact that the Grand Sport takes the place of the Z51 option which costs $1,695 and you are essentially looking at $3,665-4510 upgrade for the new wide-body design, complete with Z06 brakes, tuned suspension and a better 0-60 mph performance of 4.0 vs 4.2.

A quick check on some of the forums show that people are generally pleased with the pricing of the new model. Considering that most garage wide body conversions cost around $10,000, this new model should sell well.

Pricing on the Corvette models for 2010 should be forthcoming shortly which will also include pricing for the Z15 GS Heritage Package which will be available sometime in the fall.

Thanks again goes out to Dave Salvatore for supplying us with the pricing. If you are interested in ordering a 2010 Corvette Grand Sport, give him a call at 877-537-2325 or visit Kerbeck Corvette.

SPECIFICATIONS OF THE 2010 CORVETTE GRAND SPORT

Overview

Models:

Chevrolet Corvette Grand Sport Coupe and Convertible

Body styles / driveline:

two-door hatchback coupe with removable roof; rear-wheel drive (Coupe and Convertible)

Construction:

composite body panels, hydroformed steel frame with aluminum and magnesium structural and chassis components

Manufacturing location:

Bowling Green, Ky.

Engines

 

6.2L V-8 LS3

Displacement (cu in / cc):

376 / 6162

Bore & stroke (in / mm):

4.06 x 3.62 / 103.25 x 92

Block material:

cast aluminum

Cylinder head material:

cast aluminum

Valvetrain:

overhead valve, two valves per cylinder

Fuel delivery:

SFI (sequential fuel injection)

Compression ratio:

10.7:1

Horsepower
(hp / kW @ rpm):

430 / 321 @ 5900* w/ std. exhaust
436 / 325 @ 5900* w/ opt. exhaust

Torque (lb-ft / Nm @ rpm):

424 / 575 @ 4600* w/ std. exhaust
428 / 580 @ 4600* w/ opt. exhaust

Recommended fuel:

premium recommended not required

EPA estimated fuel economy (city / hwy):

15 / 25 (automatic)
16 / 26 (manual)

Transmissions

 

six-speed manual

six-speed paddle-shift automatic

Application:

std.

opt.

Gear ratios (:1)

   

First:

2.97

4.03

Second:

2.07

2.36

Third:

1.43

1.53

Fourth:

1.00

1.15

Fifth:

0.71

0.85

Sixth:

0.56

0.67

Reverse:

3.28

3.06

Final drive ratio:

3.42

2.73

Chassis / Suspension

Front:

short/long arm ( SLA) double wishbone, cast aluminum upper & lower control arms, transverse-mounted composite leaf spring, monotube shock absorber

Rear:

short/long arm ( SLA) double wishbone, cast aluminum upper & lower control arms, transverse-mounted composite leaf spring, monotube shock absorber

Traction control:

electronic traction control; Active Handling

Brakes

Type:

front and rear power-assisted disc with ABS with six-piston front and four-piston rear calipers, cross-drilled rotors

Rotor diameter x thickness (in / mm):

front: 14 x 1.3 / 355 x 32
rear: 13.4 x 1 / 340 x 26

Brake swept area
(sq in / mm):

front: 309 / 1994
rear: 269 / 1735

Wheels & Tires

 

Wheel size:

front: 18-inch x 9.5-inch
rear: 19-inch x 12-inch

Tires:

front: P275/35ZR18
rear: P325/30ZR19

Dimensions

Wheelbase (in / mm):

105.7 / 2685

Overall length (in / mm):

175.6 / 4460

Overall width (in / mm):

75.9 / 1928

Overall height (in / mm):

48.7 / 1236

Curb weight (lb / kg):

3311 / 1502 (Grand Sport Coupe)
3289 / 1492 (Grand Sport Convertible)

Weight distribution
(% front / rear):

51 / 49

Interior

 

Seating capacity

2

Interior volume (cu ft / L):

52 / 1475

Headr oom (in / mm):

38 / 962

Legroom (in / mm):

43 / 1092

Shoulder room (in / mm):

55 / 1397

Hip room (in / mm):

54 / 1371

Capacities

 

Cargo volume
(cu ft / L):

Coupe: 22 / 634
Convertible: 11 / 295 (top up); 7.5 / 212 (top down)

Fuel tank (gal / L):

18 / 68.1

Engine oil (qt / L):

5.5 / 5.2 (automatic transmission)
10.5 / 9.9 (manual transmission)

* SAE Certified


Source
Kerbeck Corvette

Related:
Download the 2010 Corvette Order Guide
What’s New for the 2010 Corvette
[VIDEO] Introduction and Reveal of the 2010 Corvette Grand Sport
Exclusive Photo Gallery: The 2010 Corvette Grand Sport

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