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1966 Corvette Coupe offered by Fred and Terry Michaelis

Over 500 Corvettes are expected to be offered at this year’s Bloomington Gold Auction which gets underway this afternoon. While many collectors consign a number of Corvettes to the country’s largest Corvette-only auction, this year’s event has a special collection of 42 Corvettes that have been hand-picked from the personal collection of Fred and Terry Michaelis of Proteam Corvette fame.

Many of these Corvettes are already Bloomtington Gold certified and represent the best of the best. These low mile, high horsepower and unique-optioned Corvettes will be offered over the two day event. After the jump are some of our favorites.

1966 Corvette Coupe offered by Fred and Terry MichaelisAnyone reading this blog for any length of time knows that I’m a sucker for Black Corvettes. And honestly, what could be better than this 1966 427/425 hp Tuxedo Black Coupe? With just 27,725 miles on the odometer and a super rare unique interior color combination of a Bright Blue dash and carpet with white leather seats, this Corvette offers the buyer the complete trifecta mentioned above. Other options include the M-21 4-speed transmission, F-41 special heavy duty brakes and full documentation includeing the warranty book and Protect-O-Plate. The selling time for this midyear coupe is Saturday at 2:10 pm.

1953 Corvette #93 offered by Fred and Terry MichaelisLast year we saw a run on 1953 Corvettes with eight being sold at public auctions throughout the Country with average prices of just under $320,000. Terry and Fred are bringing one of the finest 1953 Corvettes to Bloomington this year which will give us a chance to see if the market is still hot for the first year Corvette. This 1953 is VIN #93 and is considered one of the best 1953′s in the World. Like all 1953 Corvettes, this one is Polo White with Sportsman Red interior, has the Blue Flame straight-six powerplant coupled to a Powerglide transmission. Other options include the Wonderbar radiom, E-brake warning light, windshield washers and Courtesy Lights. This 1953 is nationally known with multiple NCRS Top Flught awards and a NCRS Duntov Mark of Excellence Award in 2005. This Corvette is expected to sell at 3:00 pm on Saturday.

1959 Resto-Rod Corvette offered by Fred and Terry MichaelisWith Proteam’s reputation for high quality original Corvettes, its kinda interesting to find a resto-rod in Fred and Terry’s collection. But like all restor-rod Corvette lovers, they were probably intriqued with having a Corvette that combined with the early model classic looks with late model Chevy performance. This resto-rod was built utilizising a 1959 Corvette Convertible body on a special Paul Newman chassis that was built to hold 1994′s LT4 350 ci 300 hp engine and 6-speed transmission. Like the Grand Sports built in 1996, this Corvette has a Grand Sport Admiral Blue exterior and Black leather interior. All the comforts of late model Corvettes are built into this 1959 Corvette include air conditioning, power steering, power brakes, AM/FM stereo with CD changer and halibrand knock-off wheels. The Corvette comes with documenation of the build process and includes a matching gas powered Corvette go-cart. This resto-rod Corvette will be auctioned on Friday.

For a full list of Corvettes being offered at this year’s Bloomington Gold Auction, check out the Cars List at Mecum Auctions. Look for lots beginning with X to denote that the Corvette comes from the Fred and Terry Michaelis special collection.

We’ll have more coverage of the auction as well as results as soon as their offered.


Source:
Mecum Collector Car Auctions

Related:
Corvette Auction Results: Dana Mecum’s Spring Classic
Mecum Offering Collection of Three Serial #1 C1 Corvettes at Bloomington Gold High Auction

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Watch the Bloomington Gold Corvette Auction Live!

by Keith Cornett on June 27, 2008

Watch the Bloomington Gold Corvette Auction Live

Mecum’s Bloomington Gold Corvette Auction is being broadcasted live on the web this weekend. The auction starts at 3pm CST on Friday and 2pm CST Saturday and are expected to run well into the evening. The live feed is being carried here at CorvetteBlogger.com and can be viewed after the jump.

For a full list of Corvettes being offered at this year’s Bloomington Gold Auction, check out the Cars List at Mecum Auctions.


Source:
Mecum Collector Car Auctions

Related:
Proteam To Offer 40+ Corvettes at Bloomington Gold Auction
Corvette Auction Results: Dana Mecum’s Spring Classic
Mecum Offering Collection of Three Serial #1 C1 Corvettes at Bloomington Gold High Auction

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2009 Corvette ZR1

RM Auctions announced that its Sports & Classics of Monterey Auction will feature a new 2009 Corvette ZR1 to benefit the Texas non-profit relief agency GRACE. The Monterey auction will take place August 15-16 at the Portola Hotel and Spa and coincides with the Pebble Beach Concours d’Elegance. RM’s Monterey auction is one of the largest classic and exotic car auctions in the country. Last year’s Sports and Classics auction saw 190 cars sell for $46 million including 10 Corvettes that combined for just over $1 million in sales.

This will be the second time that the Corvette ZR1 has been featured at a high profile public auction with the proceeds benefiting a charity. Earlier this year, car dealer Dave Ressler paid $1 million dollars at Barrett-Jackson’s Scottsdale auction to own the first retail Corvette ZR1. Our video of that auction auction is below:

The Corvette ZR1 that will be offered at Monterey is Victory Red and is provided by RM Auctions in association with the Thompson Group at Classic Chevrolet. The GRACE charity provides the food, clothing and other assistance to people in emergency situations.

With the Corvette ZR1s hitting the open market, we doubt this auction will generate a selling price anywhere near the Barrett-Jackson auction. Still, this could be a great opportunity for a well-healed buyer to not only become one of the first Corvette ZR1 owners in the country, but do some good for the neighborhood in the process.

Auction details can be found at RM Auctions.


Source:
Inside Line

Related:
Barrett-Jackson 08: [VIDEO] 1st 2009 Corvette ZR1 Sold for $1 Million
Corvettes Bring in $2.5 Million During Monterey Auctions

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Ferrari Formula One driver Kimi Raikkonen

Ferrari’s F1 World Champion Kimi Raikkonen paid $200,000 Euros or $329,326 USD for Sharon Stone’s 1974 Corvette at the Amber Fashion Show in Monaco this weekend. The auction was part of the F1 race festivities this weekend at Monte Carlo’s Meridien Beach plaza. The celebrity auction raised approximately $1.65 million for the Elton John AIDS Foundation. The 1974 Corvette is said to have just four miles on the odometer and is stored in Los Angeles. The $329,326 USD is certainly one of the highest if not the highest amount paid for a 1974 Corvette.

This is the second time Stone’s 1974 Corvette has been offered in an Elton John Foundation auction. Earlier this year the Corvette was a no-sale after a hapless participant at Elton John’s post-Oscar party and auction opened the bidding at $1 million, thinking he would be outbid. Unfortunately no else did bid and he had to tell Stone that it was joke. From all accounts, she was not amused.

Kimi Raikkonen is the highest paid Formula 1 driver with a contract estimated to be $50 Million USD. In 2007 Kimi switched rides from McLaren to Ferrari and captured the Formula One Drivers Championships by one point.


Source:
Reuters
Photo Credit: REUTERS/Stefano Rellandini

Related:
Deadbeat Bidder Ruins Auction of Sharon Stone’s 74 Corvette

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1969 427/435 L89 Corvette Coupe

For six previous weekends, Dana Mecum has been holding court at the Indianapolis Fairgrounds and doing what he does best – selling Corvettes and muscle cars. Two weeks ago Mecum’s Muscle Cars & More series that aired on the HD Theater network ended with a night of Corvettes. So it was with some interest that I tuned in over the weekend of May 15-17th to see the group of Corvettes offered at the newly relocated Spring Classic. What struck me the most about the Spring Classic Corvettes was how affordable some of these cars were.

Over the four day auction we counted 53 Corvettes offered with 37 selling. That’s 70% of Corvettes that were offered were sold for a total of $1,457,300. That’s an average of $39,386 per Corvette.

The top sale and the only Corvette to break the $100,000 barrier was a White 1968 Corvette Coupe with an L89 427/435 aluminum-head engine, which sold for $115,000. This Corvette features just 9,865 original miles and comes with a bevy of awards and certifications including NCRS 4 Star Bowtie, NCRS National Top Flight, Bloomington Gold Survivor and Bench Certification and the Triple Crown Award.

Second on the top selling list was a 1962 Fawn Beige Corvette with a 327/360 Fuel Injected engine coupled to a 4-speed transmission. Sold for $90,000, the ’62 features a fresh body-off restoration by an NCRS member who has been judging solid axle Corvettes since 1997.

We also saw a number of midyear Corvettes selling at prices not seen recently. However we were not at the auction and the descriptions of some of these Corvettes are severely lacking in details. Having said that, 5 midyears out of 14 offered sold for under $40,000.

Early C3 Corvettes models were out in force at the Spring Classic. Six Corvettes from 1969 were offered with 5 selling. Helped by the high price of our L89 Top Seller, these Corvettes sold for an average of $55,900.

Here are the full results from the Mecum Spring Classic in Indianapolis:

LOT YEAR MODEL SOLD HIGH BID
S84 1954 Corvette Resto-Mod   $70,000
T155 1956 Corvette Resto-Mod – 350/370 $60,000  
S164 1956 Corvette Convertible   $70,000
S27 1958 Corvette Convertible $65,000  
S161 1959 Corvette Convertible Resto-Mod $80,000  
T143 1962 Corvette Convertible – 327/360   $78,000
S199 1962 Corvette Convertible – 327/360 FI $90,000  
T56 1963 Corvette Convertible $36,000  
T144 1963 Corvette Convertible – 327/360 $85,000  
F204 1963 Corvette Convertible $55,000  
S51 1963 Corvette $51,500  
T100 1964 Corvette Convertible $35,000  
F250 1965 Corvette Convertible – 327/375 $72,500  
S20 1965 Corvette Convertible $38,250  
S21 1965 Corvette Convertible   $22,000
S85 1965 Corvette Coupe – 327/365 $62,500  
F133 1966 Corvette Convertible $36,500  
F182 1966 Corvette Coupe – 327/350 $50,000  
T31.1 1967 Corvette – 427/400   $115,000
S24 1967 Corvette Convertible $78,500  
S50 1967 Corvette Convertible $38,000  
T119 1968 Corvette – 427/435   $60,000
S168 1969 Corvette Coupe – L89 427/435 $115,000  
F164 1969 Corvette Convertible $27,000  
F176 1969 Corvette Convertible $33,500  
S15 1969 Corvette Convertible $52,500  
S89 1969 Corvette Coupe – 427/435 $51,500  
S167 1969 Corvette Convertible – 427/390   $94,000
T1 1971 Corvette – 454/365   $25,000
F36 1972 Corvette Coupe – 350 ci   $14,000
F41 1972 Corvette Coupe – 350 ci $18,000  
F74 1972 Corvette Coupe – 350 ci   $16,500
F109 1972 Corvette Convertible $26,000  
F177 1972 Corvette $18,000  
S72 1972 Corvette Convertible   $57,000
F76 1973 Corvette Convertible – 350 ci $20,500  
F165 1973 Corvette Convertible $28,000  
F240 1973 Corvette $9,300  
F268 1974 Corvette Coupe – 350/200 $16,000  
F285 1975 Corvette – 350 ci $8,500  
F95 1976 Corvette $16,250  
T102 1977 Corvette – 350 ci $9,500  
F13 1977 Corvette $10,000  
F150 1978 Corvette Pace Car $15,500  
T95 1980 Corvette   $10,500
T126 1981 Corvette – 350 ci $10,500  
F66 1982 Corvette   $15,000
T26 1986 Corvette Convertible Pace Car $10,000  
F190 1989 Corvette $13,000  
T137 1993 Corvette Coupe – 350/380   $13,500
F136 1995 Corvette   $26,000
F57 1998 Corvette Coupe $15,000  
F260 2005 Corvette Convertible Pace Car   $58,000
         
    Total Corvette Sales $1,457,300  

Mecum’s next auction event is the St. Paul High Performance Auction held June 20-21st and then the team will be off to St. Charles, Illinois for the Bloomington Gold Auction on June 27-28th.


Source:
Mecum Auctions

Related:
[VIDEO] Mecum Auction Results: 1963 Corvette Z06 Tanker
Friday’s Featured Corvettes for Sale: Mecum’s HD Theater Edition

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1967 Corvette Roadster

MB in Minnesota submitted his 1967 Corvette Roadster to Corvette Values:

1967 Corvette Roadster, VIN #194677S105XXX. L71 427-435 engine, 4-Speed Transmission. 52,436 original miles. Goodwood Green with Saddle vinyl interior. The Corvette’s options include power steering, M21 transmission, factory side exhaust, headrests, shoulder harnesses and a Black Vinyl hardtop. The exterior paint is good, mechanicals are excellent and the Corvette is all original and has never been restored. Documentation includes the original bill of sale, protecto plate and owner history.

Find out how we valued this Corvette after the jump.

1967 Corvette Roadster 1967 Corvette Roadster 1967 Corvette Roadster

The VIN indicates it was built in December, 1966, early in the 1967 production year. The owner indicates the mileage, 52,435 is original and correct.

This Corvette is rare from a number of perspectives. The first being it is all original and has not been restored. It is Goodwood Green in color, the most popular paint color in the 1967 Corvette model year. The paint is classified in good condition. The interior is in excellent condition, including the door panels, carpet and Saddle vinyl seats with optional headrests. In addition, this Vette has the optional shoulder belts. Both the headrests and shoulder belts can be considered rare with less than 8% of the 1967 models ordered with these options.

This Corvette is powered by a very desirable high performance, 427-435, original motor coupled with a four-speed close ratio manual transmission.

Other options include the correct side-mounted exhaust system, power steering, AM/FM radio and cast aluminum bolt-on wheels (added, not ordered when the Corvette was built). Another rare option is the black vinyl covered hardtop.

From a curb appeal standpoint, this Corvette presents an excellent profile with its Green paint and White ‘stinger’ trim on the hood and the optional wheels and bright side exhaust.

Adding to its value, this Corvette’s originality is substantiated by the available bill of sale, protecto plate and owner history.

We place a value of $125,000 on this very original, low mileage 1967 Corvette Roadster.

As a side-note, the one year appreciation factor in average price for a 1967 Roadster is 11%. Also, this Corvette appears to be ready for NCRS and/or Bloomington certification that could enhance the value of this Corvette by an estimated $25,000.

Corvette Appraisals:
With Corvette values rising yearly, 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.
Source:
VetteFinders.com Appraisal Service
Related:
Appreciating Corvettes: Top 12 Price Gainers of 2007
Corvette Values: 1966 Convertible Project Car
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Keith Martin's 1963 Split Window Corvette

Keith Martin, publisher of Sports Car Market and Corvette Market magazines is offering his 1963 Corvette Coupe for sale on eBay. Keith is very well known in the collector car market and several of his publications feature photos of him with this Corvette, including his book “Keith Martin’s Guide to Car Collecting“. The Corvette was part of the ever rotating stable of collectibles that are used by Sports Car Market staff and to make room for some new additions, the Sebring Silver split window has to go.

Martin has owned the 1963 Split Window Coupe for nearly three years and like all cars in the SCM collection, has kept the Corvette in driver ready condition. Any classic Corvette owner will tell you they need to be driven regularly and according to Martin, this one is ready for show or go. “We wouldn’t hesitate to get in it and hit Route 66 tomorrow.” says the eBay description.

Keith Martin's 1963 Split Window Corvette Keith Martin's 1963 Split Window Corvette Keith Martin's 1963 Split Window Corvette

The cosmetics are very presentable with decent paint, chrome and panel gaps. The interior’s carpet, door panels and dash show very well. Heck, even the clock works!

It’s interesting to note that the 1963 Corvette Coupe features a non-matching engine that was cobbled together from various sources. Interchangeability is one of the hallmarks of Chevy’s smallblock V8s and the builder of this engine apparently took full advantage of that fact. The block (3892657) is from a 1967 car or truck, but was not offered in a Corvette. The heads come from a 1970-80 350 passenger car. Build date code on them shows September 30, 1974 and the intake is from a 1966-67 327/350 Nova/Chevy II/Corvette. What’s remarkable about this Frankenstein is how good it looks with the finned Corvette valve covers and chrome air cleaner.

The Corvette was subject of a detailed analysis by Colin Comer, a regular contributor to Corvette Market and author of the book “Million Dollar Muscle Cars”. You can read his walkthrough of the engine and drive train at Sports Car Market. As there is no original documentation to go on, the clues lead Comer to believe that the Corvette was originally equipped with a 327 ci 340 hp engine.

Although today was the first day the Corvette was available on eBay, it already broke through the reserve price and is currently listed at $40,100 with 17 bids place. The auction ends on May 12th.


Source:
eBay
Corvette Market

Related:
Corvette Market’s C3 Find, Buy & Drive Adventure
Introducing Keith Martin’s Corvette Market Magazine

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[VIDEO] Auction Results: 1955 Pennant Blue Corvette

by Keith Cornett on May 5, 2008

A Pennant Blue 1955 Corvette Roadster

1955 was the turning point for Corvette with two significant changes that kept the 2 seat roadster from becoming extinct. The first was the introduction of the V8 engine – a 265 ci 195 hp small block that ushered the beginning of continual performance upgrades in the Corvette. The second was the introduction of Ford’s Thunderbird. Ford sold just over 16,000 Thunderbirds in its inaugural year compared to the Corvettes 4,600 during its first three years of production. Some say GM execs were too embarrassed to quit in light of Ford’s success. Let’s be glad they persevered and built Corvette into the iconic symbol it is today.

The 1955 Corvette was the second lowest year of Corvette production with just 700 built. The new 265 cubic inch V8 was mated to a powerglide automatic, although the straight six Blue Flame was offered in seven cars. To signify the V8 change, an enlarged gold “V” was added to the Chevrolet script of those Corvettes offered with the new V8.

Five exterior colors were offered with Pennant Blue being the second least produced color with just 45 examples. Polo White remained the most popular of color choices at 325 while the rarest of all colors were the 15 painted in Corvette Copper.

This Pennant Blue 1955 Corvette was auction by Mecum during their Muscle Cars & More event televised on HD Theater. It features the V8 engine with a powerglide transmission. Other options include the Wonderbar radio, side windows, window bag, shielding and coil cover. It is sequence number 30 out of 700 produced and is just 1 of 45 Pennant Blues produced. In 2002 it was awarded the prestigious Bloomington Gold certificate.


Source:
Mecum Auctions
HD Theater

Related:
[VIDEO] Auction Results: 1993 Corvette 40th Anniversary Coupe”>[VIDEO] Auction Results: 1993 Corvette 40th Anniversary Coupe
[VIDEO] Mecum Auction Results: 1963 Corvette Z06 Tanker
Corvette Auction Results: Mecum’s HD Theater Mid-Term Report

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April 2008 Corvette Sales

by Keith Cornett on May 1, 2008

GM released April 2008′s Corvette sales figures and for the third consecutive month, the total number of Corvettes delivered was larger than the month before. April 2008′s Corvette sales totaled 3,190 – nearly 500 Corvettes more than were delivered in March, an increase of 18.5%. Although the number was still behind April 2007′s delivery of 3,227 Corvettes, the gap in year to year sales shrunk to just 1.1%. For the calendar year (Jan-Apr) 9,968 Corvettes have been delivered, lagging 12.6% behind the 11,403 Corvettes sold during the same time period in 2007.

Chevrolet just offered its first rebate of the year for Corvette. For the next five days, Chevy is offering $1,000 Bonus Cash for cars already on dealer’s lots. The $1,000 rebate is exactly what we called for back in February to move existing stock and clearing the way for the 2009 Corvettes.

2008 Corvette Delivery Statistics
Month Calendar Year-to-Date
Month 2008 2007 % Change Months 2008 2007 % Change
January 2,015 2,234 -9.8% Jan-Jan 2,015 2,234 -9.8%
February 2,071 2,784 -25.6% Jan-Feb 4,086 5,018 -18.6%
March 2,692 3,158 -14.8% Jan-Mar 6,788 8,176 -17.1%
April 3,190 3,227 -1.1% Jan-Apr 9,968 11,403 -12.6%


2007 Corvette Delivery Statistics
Month Calendar Year-to-Date
Month 2007 2006 % Change Months 2007 2006 % Change
January 2,234 2,579 -16.8% Jan-Jan 2,234 2,579 -16.8%
February 2,784 3,058 -9.0% Jan-Feb 5,018 5,637 -11.0%
March 3,158 3,655 -16.7% Jan-Mar 8,176 9,292 -12.0%
April 3,227 3,516 -0.6% Jan-Apr 11,403 12,808 -11.0%
May 3,300 3,317 -4.3% Jan-May 14,703 16,125 -8.8%
June 3,055 2,938 0.1% Jan-Jun 17,758 19,063 -6.8%
July 2,377 2,794 -11.4% Jan-Jul 20,135 21,857 -7.9%
August 2,877 2,990 -3.8% Jan-Aug 23,012 24,842 -7.4%
September 2,837 3,056 -3.5% Jan-Sept 25,849 27,903 -7.4%
October 2,484 2,761 -13.5% Jan-Oct 28,333 30,664 -7.6%
November 2,438 2,773 -12.1% Jan-Nov 30,771 33,437 -8.0%
December 2,914 3,081 -5.4% Jan-Dec 33,685 36,518 -7.8%


Corvette Stock Report:
A check of Jeff Hardy’s website shows a total of 6,770 2008 Corvettes on the ground. That’s an increase of just 28 Corvettes more compared with March’s 6,742.

  • 3,824 Corvette Coupes
  • 1,537 Corvette Convertibles
  • 1,324 Corvette Z06

According to the site, there are 617 2007 Corvettes still available at dealers across the nation.


Source:
GM.com
JeffHardy.com

Related:
March 2008 Corvette Sales
February 2008 Corvette Sales

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1993 Corvette 40th Anniversary Coupe

I present this video from Mecum’s Muscle Cars and More April 26th auction for two reasons. The first is that the commentators are absolutely correct in saying Corvettes like this 1993 40th Anniversary Edition are a great way for get started in the Corvette hobby. They represent value and performance and should be nearing the end of declining prices. That being said, I wish I was in Indy with a bidder’s card when this Corvette stalled and then was hammered for $11,000.

The 40th Anniversary Ruby Red Coupes was a popular choice in 1993 with 6,749 out of 21,590 produced. This Corvette Coupe appears to be in regular driver condition and features the very reliable LT1 350 ci 300 hp V8 mated to a 4-speed automatic transmission.

Our Corvette Price Guide puts the average value of the 1993 Anniversary Coupe at $17,900 and while we show this model still depreciating at 4% per year, $11,000 for this Corvette is a great buy.


Source:
Mecum Auctions
HD Theater

Related:
[VIDEO] Mecum Auction Results: 1963 Corvette Z06 Tanker

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