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Auction Preview: 1965 Caplan/Gulstrand Corvette Racer

by Keith Cornett on February 4, 2009

1965 Caplan/Gulstrand Corvette Racer

Vintage race Corvettes with provenance are selling at record numbers and we now have word of another significant Corvette racecar set to hit the auction block in May. The 1965 Corvette roadster nicknamed the “8-Ball Cobra Killer” was one of the most dominating Corvette race cars of its day. The Corvette will be a winner once again as its offered for sale at the 5th Annual Houston Classic Auction hosted by Worldwide Auctioneers.

The 1965 Corvette was owned and raced by Herb Caplan alongside the legendary Dick Gulstand. One of the most dominating cars at the time, the 8-Ball Corvette saw most of its action on the west coast and won 46 of 49 races in a single season. Today the Corvette is restored to its original 1966 race specs.

1965 Caplan/Gulstrand Corvette Racer 1965 Caplan/Gulstrand Corvette Racer

The 5th Annual Houston Classic will be held at the Lakewood Yacht Club in Seabrook, TX on Saturday, May 2nd. Visit Worldwide Auctions for more details.

Worldwide Auctions
Photo Credit: Toshi Akatsuka, courtesy of Worldwide Auctioneers

[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

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January 2009 Corvette Sales

by Keith Cornett on February 3, 2009

GM released the first sales figures for the new year and for the first time since we started keeping track in 2006, Corvette deliveries dropped below 1,000 units to close at 842 for the month of January. Unfortunately for both GM and the assembly workers in Bowling Green, 842 Corvette sales does little to alleviate the supply of Corvettes on the ground and the slow sales could force the company to keep the factory’s doors closed longer than planned.


1957 Corvette Roadster

The 2009 Mecum Kissimmee Auction was without a doubt a success with 160 Corvettes crossing the block over the 3 day event. Corvette sales totaled $3.95 million and with 82 Corvettes sold, Mecum’s Corvette sellers enjoyed a 51% success ratio. We also enjoyed the new facilities which allowed Mecum to move in-doors and create a much more visitor friendly event.

Six Corvettes crossed the $100,000 threshold with the 1963 Corvette Z06 “Gulf One” racer bringing in $1.05 million. Second on the list was another race car, the 1969 L88 COPO Convertible, which sold for $305,000. Rounding out the top three was a 1957 Corvette powered by a 283 ci fuelie that sold for $250,000.

There were bargains to be had as well during the weekend. Two numbers matching 1966 Corvettes powered by 427/425 big blocks sold for $52,000 and $55,000. Bob McDorman sold the last C5 convertible, a 2004 Commemorative Edition with just 2600 miles for $32,500. Also on our good buy list was a 1973 Corvette Coupe driver that sold for $10,000.

Here is the SOLD list from Mecum’s Kissimmee auction:

Lot Year Model Sold Price
T34 1966 Corvette Coupe 427/390 HP, 4-speed Manual $62,000
T94 1996 Corvette Coupe $9,000
T99 1993 Corvette Coupe $7,500
T106 1974 Corvette Coupe 350 CI, Automatic $6,200
T107 1968 Corvette Coupe 427/390 HP, 4-speed Manual $20,000
T110 1966 Corvette Coupe 427/425 HP, 4-speed Manual $47,000
T111 1961 Corvette Convertible 350 CI, 4-speed Manual $30,000
T112 1971 Corvette Coupe 350 CI, Automatic $12,500
T113 1971 Corvette Convertible 454/365 HP, 4-speed Manual $33,000
T114 2004 Corvette Convertible $25,000
T126 1968 Corvette 327/300 HP, 3-speed $25,500
T129 1992 Corvette Convertible $16,000
T139 2000 Corvette Coupe Lingenfelter, 346/650+ HP Twin Turbo $34,500
T145 1959 Corvette Convertible 283/230 HP, Automatic $54,000
T166 1964 Corvette Convertible 350/310 HP, Automatic $35,000
T167 1978 Corvette Coupe Pace Car Replica, 350 CI, Automatic $13,250
T170 1996 Corvette Callaway Coupe 383/435 HP, LT-1 Supernatural $16,000
T188 1958 Corvette Convertible 283/230 HP $60,000
T196 2001 Corvette $21,750
F10 1994 Corvette Coupe 350/300 HP, 6-speed Manual $12,000
F23 1971 Corvette Coupe 454/365 HP, Automatic $19,000
F49 1988 Corvette Convertible 350/240 HP, 4-Speed Automatic $11,750
F63 1976 Corvette Coupe 350/400 HP L-82, 4-speed Automatic $11,500
F91 1973 Corvette Coupe 454/275 HP, 4-Speed $24,500
F92 1990 Corvette Coupe 350 CI, Automatic $12,000
F101 1979 Corvette Coupe 1 of 2,357 made, L-82 $12,000
F116 1987 Corvette Callaway Coupe 350/345 HP Twin-Turbo $14,000
F121 1969 Corvette Convertible 427/435 HP, 4-speed $40,500
F123 1978 Corvette Coupe 350 CI, 4-speed, Silver Anniversary $11,000
F139 1973 Corvette Coupe 350 CI, Automatic $10,000
F143 1958 Corvette Convertible 283/270 HP, Dual Quad, 4-speed $64,500
F151 1972 Corvette Convertible 350/200 HP, Automatic $24,000
F154 1971 Corvette Coupe 350 CI, Automatic $20,000
F155 1972 Corvette Coupe 454 CI, 4-Speed $29,500
F156 1966 Corvette Coupe 427/425 HP, 4-Speed Manual $125,000
F165 1965 Corvette Convertible 27/350 HP $53,000
F201 1966 Corvette Convertible 327/300 HP, 4-speed $46,000
F235 1964 Corvette Stingray Coupe 454 CI w/ Blower, 4-Speed $47,000
F237 1975 Corvette Convertible 350 CI, Automatic $23,000
F246 1963 Corvette Coupe 327/340 HP 4-Speed $62,000
F250 1970 Corvette Convertible 350/370 HP LT-1, 4-Speed $37,000
F258 1992 Corvette Coupe Special Chevrolet Color Test Car $29,500
F259 2004 Corvette Coupe Next to the Last C5 Corvette Made $32,000
F260 1998 Corvette Convertible Pilot Car #6 $29,000
F262 1997 Corvette Coupe LS1, 6-Speed Manual, VIN #007 $22,500
F263 1986 Corvette Convertible 5.7L, Automatic $35,000
F264 1987 Corvette Convertible 350 CI, Automatic, 238 Actual Miles $21,000
F265 1984 Corvette Coupe 350 CI, Automatic, 781 Actual Miles $14,500
F266 2004 Corvette Convertible Last C5 Convertible, 2,600 Miles $32,500
F268 1984 Corvette Coupe Owned by Jim Gilmore $12,500
F270 2002 Corvette Convertible Indy Track Car #40 $32,500
S1 1973 Corvette $18,500
S24 1962 Corvette Convertible 350 CI, 4-speed Manual $42,000
S25 1981 Corvette Coupe 350 CI, Automatic $10,000
S30 1982 Corvette T-top 350 CI, Automatic $11,500
S31 1962 Corvette Convertible 327/340 HP, 4-Speed $60,000
S37 1968 Corvette Convertible 327/300 HP, Automatic $25,500
S45 1965 Corvette Convertible 327/350 HP, 4-speed $55,000
S66 1966 Corvette Coupe 427/390 HP, 4-Speed $100,000
S94 1962 Corvette Convertible 327/340 HP, 4-speed Manual $67,000
S96 1966 Corvette Convertible 327/350 HP, 4-Speed $65,000
S98 1957 Corvette Convertible 283/283 HP, 3-Speed $102,500
S99 2001 Corvette Convertible 350/350 HP, Automatic $25,000
S105 1962 Corvette Convertible 327/340 HP, 4-Speed $62,500
S109 1967 Corvette Convertible 327/350 HP, 4-Speed $56,500
S110 1963 Corvette Z06 Coupe Gulf One Race Car $1,050,000
S121 1961 Corvette Convertible $75,000
S123 1954 Corvette Convertible 235/150 HP 3-Carb Blue Flame $80,000
S124 1962 Corvette Convertible 327/250 HP, 4-speed Manual $46,000
S137 1966 Corvette Convertible 425 HP $78,500
S138 1957 Corvette Convertible 283/283 HP Fuelie, 4-Speed $250,000
S142 1969 Corvette L88 Convertible Race Car, 1 of 1 COPO $305,000
S153 1967 Corvette Convertible 427/400 HP Tri Power, 4-speed $112,500
S162 1959 Corvette $62,000
S166 1986 Corvette Convertible 350/235 HP, Automatic, Pace Car $20,000
S182 1992 Corvette Coupe $11,000
S184.1 1974 Corvette Convertible 4-speed $15,000
S186.1 1975 Corvette Coupe $11,500
S187 1994 Corvette Coupe 6-speed Manual $10,500
S188.1 1978 Corvette Coupe $11,000
S218 1966 Corvette Coupe 427/425 HP, 4-speed Manual $55,000
S230.1 1966 Corvette Coupe 427/425 HP $52,000

Mecum Auction’s next event will be held indoors at Kemper Arena in Kansas City, MO on March 20th and 21st.

Mecum Auction

[VIDEO] Gulf One 1963 Corvette Z06 Sells for $1.05 Million
[VIDEO] Auction Results: 1969 Corvette L88 COPO Racer
[VIDEO] Auction Results: The Last C5 Corvette Convertible Sells for $32,500

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[VIDEO] Auction Results: 1969 Corvette L88 COPO Racer

by Keith Cornett on January 28, 2009

1969 Corvette L88 COPO Convertible

This 1969 Corvette L88 COPO Convertible made its presence known like no other car during last weekend’s Mecum auction in Kissimmee, Florida. When it fired up the race-prepped 427 cubic inch big block and rolled into the auction ring, the packed house was paying close attention. Here was a documented authentic factory L88 race car and Proteam Corvette wanted it sold!

Included in the documentation of this vintage racer was the tank sticker, early photos of the Corvette and its racing log books, trophies and awards. The tank sticker documents the L88 engine and special COPO request for this Corvette NOT to be equipped with the Big Brake options like all other L88 Corvettes, making it a one of one car.

The Corvette saw combat in SCCA events regularly from 1972-1976 and raced in such storied venues as Daytona and Sebring. It’s listed in the roster of cars that raced in the 24th Annual 12 hours of Sebring in 1976. The car is currently certified for SVRA vintage races.

Towards the end of the auction the race car seemed to stall at $300,000 but it only took another $5,000 to drop the reserve and sell the Corvette at $305,000. Tom Abrams of Reliable Transports was the buyer and is shown getting the Mecum treatment there at the end.

Mecum Auction

[VIDEO] Gulf One 1963 Corvette Z06 Sells for $1.05 Million
[VIDEO] Auction Results: The Last C5 Corvette Convertible Sells for $32,500

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2009 Corvette Competition Sport Package Pricing Revealed

by Keith Cornett on January 27, 2009

2009 Competition Sport Corvette

While still waiting for an official announcement from GM regarding pricing for the 2009 Corvette’s Competition Sport package, sources told Jalopnik that the Z51-Equipped 1LT Coupe version will run $55,655 while the Z06 1LZ model will set you back $77,500 including charges.

Chevy is aiming this limited edition Corvette for the owner who attends driving schools and track events. Available in Z06 or Z51 configurations, the CSC package is ready for some serious performance driving. With the focus on keeping the Corvette lightweight for performance driving, you’ll see some serious track-influenced design features:

2009 Competition Sport Corvette (RPO CSC)

Chevrolet introduces a new Corvette package available for a limited time. The Competition Sport package is for the Corvette purist and driving enthusiast. Perfect Corvette for the enthusiast who attends driving schools and track events. Focus on lightweight and performance driving. Serious track influenced design features. Excellent value pricing – Limited build scheduled for Spring ’09 only.

Included in the package:

  • Competition Gray Exterior Stripes, Wheels, and Headlamps
  • Corvette Racing ‘Jake’ and CSR logos on b-pillar, headrest, and center armrest
  • Ebony Interior with titanium embroidery
  • Corvette Racing Pedals from GCA
  • Special engine cover
  • Racing style numbers with number based on build sequence to be installed by customer

The Competition Sport Corvette is available in either a 1LT Coupe with 436 horsepower or as the 1LZ Z06 with 505 horsepower. The Z06 version is available in 17U Blade Silver or 41U Black. The Coupe version is available in 17U Blade Silver or 10U Arctic White.

Also included in the coupe version is the Z51 Performance Package, NPP Performance Exhaust, Differential Cooler, Head-Up Display, Red Painted Brake Calipers and a Z06 tall spoiler.


Introducing the Limited Edition 2009 Competition Sport Corvette
Japan’s Special Edition Corvette: The Corvette S-Limited
The Competition: A Unique Special Edition 2008 Corvette for Europe

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[VIDEO] Gulf One 1963 Corvette Z06 Sells for $1.05 Million

by Keith Cornett on January 25, 2009

Gulf One 1963 Corvette Z06 Race Car

Dr. Dick Thompson, aka “The Flying Dentist” dominated SCCA racing in 1963 with this factory-backed 1963 Corvette Z06 race car. On Saturday afternoon at the Mecum High Performance Auction in Kissimmee, Florida, the “Gulf Oil” Corvette dominated the field once again with an auction-high gavel price of $1,050,000!

Dr. Thompson was on hand to sign autographs and introduce his old Corvette. He joked that the Corvette looked better today than it did when he was driving it. Noted Z06 historian Eric Gill was also on the stage and showed the original starting lineup for the 1963 24 hours of LeMans that had “Gulf One” in the #1 position followed by Mickey Thompson’s Z06 in position #2. Unfortunately, GM pulled out and “Gulf One” never made it to France to compete on the world stage.

Bidding on the “Gulf One” Corvette Z06 opened at $400,000 and quickly climbed to $900,000. When the bid topped $1 million the crowed cheered and that seemed to elicit one more bid of $1,050,000 which removed the reserve. No other bids came in and the hammer dropped on this historic race car.

Although the $1.05 million selling price of “Gulf One” is significant, it was still less than the $1.485 million paid for the 1962 Gulf Oil Corvette that sold in August of 2008 at Gooding & Company’s Pebble Beach auction. That Corvette was also driven by Dr. Dick Thompson who finished first in class 12 times including wins at Daytona and Sebring and captured the 1962 SCCA-A production championship.


[VIDEO] Auction Preview: Gulf One 1963 Corvette Z06 Race Car
Breaking News: Corvette Grand Sport #002 Fails to Reach Reserve
1962 Gulf Oil Corvette Sells for $1.485 Million at Pebble Beach

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2004 Corvette Convertible - The Last C5 Convertible

Chevrolet dealer and noted collector Bob McDorman has brought nearly a dozen of his Corvettes to the Mecum auction in Kissimmee, Florida this weekend to sell. Unlike many of McDorman’s Corvettes that feature low VIN’s, lot #F266, a 2004 Corvette Convertible, has a high VIN at 31,945, but it is unique as it holds the distinction of being the last C5 convertible produced.

The last C5 Convertible is a 2004 Commemorative Edition Corvette, painted in LeMans Blue and outfitted with Shale interior, special embroidery and badges. Following production, the Corvette was sent over to the Museum where it was used as a “Give-Away” car. We are unsure of exactly how the Corvette came into possession of Bob McDorman, but like many Corvettes in his collection, the mileage is low with just 2,600 miles reading on the odometer.

This Corvette hit the Mecum auction block a little after 9pm on Friday night and was sold for $32,500. We thought it was a good deal for both buyer and seller as the price was in-line for a low mileage, condition 1 2004 Corvette convertible. The fact that it’s the last C5 Convertible and a former Bob McDorman Corvette will undoubtedly make it more valuable as time goes by.

Mecum Auction

[VIDEO] Auction Preview: Gulf One 1963 Corvette Z06 Race Car

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Weekend Plans: NCRS Corvette Show and Mecum Auction

by Keith Cornett on January 23, 2009

NCRS Winter Regional

Our bags are packed and reservations have been confirmed. We’ll be spending some quality time in Orlando, Florida this weekend as two of our favorite Corvette events have hit the Sunshine state: The NCRS Winter Regional and Mecum’s High Performance Auction.

At the Winter Regional, our favorite pastime is to walk the vendor and swap meet area. I’m on the hunt this year for the logo inset that is housed in the middle of the spinner on a 1966 Corvette hub cap. I’ve also been toying with the idea to go retro with my license plate. Florida DMV allows classic car owners to use actual license plates from years past so I am going to look for a clean 1966 Florida plate.

At the Mecum Auction, we of course will be there on Saturday afternoon for the sale of Gulf One, the 1963 Corvette Z06 race car. The Flying Dentist, Dr. Dick Thompson will there to watch his old car get sold. Bob McDorman will also be selling a few cars from his collection of celebrity-owned and low mileage Corvettes.

So if you see this guy walking around either event, make sure you come up and say hi. We’ll have photos and videos early next week when we return.

NCRS Florida

[VIDEO] Auction Preview: Gulf One 1963 Corvette Z06 Race Car

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Gulf One 1963 Corvette Z06 Race Car

Mecum Auctions calls “Gulf One” the most desirable 1963 Corvette Z06 of them all! Delivered from Yenko Chevrolet to Gulf Oil’s Grady Davis in October 1962, this Corvette Z06 was race prepared and rushed down to the Puerto Rico Grand Prix where it scored its first class win. With the “Flying Dentist” Dr. Dick Thompson at the wheel, the Gulf Oil sponsored Z06 became the most successful factory-backed production racing Corvette of the C2 era.

In addition to the Z06′s historical racing achievements, the Corvette itself is significant as it represented at the time the most dramatic advance in production Corvette performance. Of the 21,513 Corvettes produced in 1963, Gulf One was 1 of only 14 regular production Corvette Serial Numbers assigned specifically for competition and it was the first of 2 Serial Numbers assigned to Yenko Chevrolet specifically for competition.

After the win at Puerto Rico, Gulf One took the A-Production class win at Marlboro, Maryland in January 1963 and then was prepped for FIA competition for races at Daytona and Sebring. Thompson and Gulf one placed third overall and first in GT3 class at Daytona in February behind two Ferrari GTO’s, but a disappointing gearbox failure at Sebring marred the car’s impressive qualifying performance.

Thompson barnstormed Gulf One across the country, winning 1st place overall at the SCCA President’s Cup at Marlboro, Maryland and the A/Production class at Danville, Virginia and Road America. In all, Gulf One saw more racing combat in more venues than any of the other “Specially Assigned” factory Z-06’s and was always at the front of the pack.

Today, the Gulf One Corvette Z06 has been restored and appears as it did on the starting grid of the 1963 Sebring 12 Hours. Mecum will auction the Corvette this Saturday around 2:30pm at the annual Mecum Kissimmee auction in Central Florida. On hand to witness the sale as well as meet and greet fans is the “Flying Dentist” himself, Dr. Dick Thompson.

CorvetteBlogger will be spending some quality time in Orlando with both the NCRS Winter Regional Meet and the Mecum auction featuring 750+ cars. I’ll have results and auction videos early next week.


Breaking News: Corvette Grand Sport #002 Fails to Reach Reserve
1962 Gulf Oil Corvette Sells for $1.485 Million at Pebble Beach

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1963 Corvette Fuelie

The results are in for the 2009 Barrett-Jackson and GM was officially declared the winner for bringing a number of prototypes and engineering Corvettes to the Scottsdale auction, particularly the C4 ZR-1s. In fact, while we believe that many of the Corvettes that sold last week were exceptional cars, because its Barrett-Jackson, we also expect the memorable. Without GM’s Heritage Collection, this would have been just another auction.

Of course we remember last year’s star attraction, the 2009 Corvette ZR1 that sold for $1 million. Who would have predicted that 2009′s star Corvette attraction would be the ZR-1s from the C4 Corvette era.

The GM Heritage Collection stole the show with three Corvette ZR-1′s ranking in the top five of Corvette sales. The top seller of all Corvettes was the $286,000 paid for a 1989 DR-1 Corvette, a Convertible ZR-1 prototype. A 1989 Corvette ZR-1 press car sold for $198,000. Rick Hendrick purchased the 1989 Corvette ZR-1 “Snake Skinner” for $176,000, and the 1990 “Active” Corvette ZR-1 sold for $150,000.

Following a popular trend in recent years, there were several C4/C6 ZR1 combo deals offered. These pairings were packaged more for convenience than collectability. A 1990 Corvette ZR-1/2009 Corvette ZR1 sold for $203,500 while another featured a 1993 40th Anniversary Corvette ZR-1 paired with a 2009 Cyber Gray Corvette ZR1 Coupe that sold for $198,200. Interestingly, both the C4 Corvette’s catalog description said they were owned by Dave Ressler, the Chevrolet dealer that paid $1,000,000 for the first retail 2009 Corvette ZR1.

But not all Corvettes at Barrett-Jackson this year were GM Heritage cars or ZR-1s. The second highest price for a Corvette was $220,000 set by a highly documented 1959 Corvette Roadster featuring a 283/245 dual quad V8 and was 1 of 888 painted in Crown Sapphire. This Corvette has appeared in the Bloomington Gold Special Collection three times, awarded an NCRS Duntov, multiple top flights and is a Bloomington Gold Survivor.

Here are the top 15 Corvette sales at the 2009 Barrett-Jackson Collector Car Auction in January. Click here to download the Corvette auction results.

1218 1989 CORVETTE DR-1 CONVERTIBLE * $286,000
1019 1959 CORVETTE CONVERTIBLE 283/245 $220,000
1230.4 1989 CORVETTE ZR-1 COUPE * $198,000
396.1 1989 CORVETTE ZR-1 COUPE "SNAKE SKINNER" * $176,000
1260.1 1963 CORVETTE COUPE 327/360 FI $165,000
1318 1967 CORVETTE CUSTOM COUPE $165,000
1337 1967 CORVETTE CONVERTIBLE 427/390 $154,000
82 1990 CORVETTE ACTIVE ZR-1 * $150,700
1012 1962 CORVETTE CONVERTIBLE 327/360 FI $148,500
1261.1 1967 CORVETTE COUPE 427/400 $145,200
1327 1967 CORVETTE CONVERTIBLE 427/435 $143,000
1338 1966 CORVETTE CONVERTIBLE 427/390 $139,700
1255.1 1958 CORVETTE RESTO-MOD $137,500
1263.1 1963 CORVETTE COUPE 327/360 FI $137,500

Barrett-Jackson Collector Car Auction

[VIDEO] 1967 “Shriner” COPO Corvette Roadster Sells at 2009 Barrett-Jackson
[VIDEO] 1989 Corvette ZR-1 “Snake Skinner” Sells at 2009 Barrett-Jackson
[VIDEO] 1990 Corvette “Active” ZR-1 Sells at 2009 Barrett-Jackson
[VIDEO] 1989 Corvette ZR-2 Sells at 2009 Barrett-Jackson

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