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A Very Busy Week for Corvette Fans

by Keith Cornett on June 11, 2007

This week in June is unique as there are two major events that are going on that will appeal to different parts of the Corvette Enthusiast spectrum. The Bloomington Gold Corvette Show kicks of on June 14th and runs through the 17th at the Pheasant Run Resort in St. Charles, Illinois. Judging for the Survivor class begins at 1:00pm. On Friday, the show will be in full swing with Gold and Benchmark judging underway and of course our favorite event, the Gold Auction begins at 3:00pm. We will have our usual preview of significant or unique Corvettes that we feel are that will be the ones to watch as the week progresses. To follow the events online, visit the Bloomington Gold website. The second major event we are following this week is Corvette Racings defense of their 24 hours of LeMans crown. As you know, the first half of the ALMS season hasn’t been all that exciting due to the lack of a competitor in the GT1 class. But all that changes in France as 15 cars are entered in the GT1 class. The team has one five LeMans championships in the last six years and this week the team may be facing their greatest challenge. Qualifying for the 24 Hours of LeMans is Wednesday and Thursday. The Race kicks off for us in the United States on Saturday morning. As always, we will have updates following the progress of Team Corvette throughout the week. I’d like to also thank Richard Prince of Richard Prince Photography for supplying us with several new photographs that will serve as our header this week. You can see more of Richard’s work at www.rprincephoto.com.
Source:
Bloomington Gold
CorvetteRacing.com
www.rprincephoto.com Related:
LeMans Preview: Corvette Racing Fastest In GT1 Pre-Qualifying Technorati Tags:
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Auction Results: 1953 Corvette Sells for $440,000

by Keith Cornett on June 11, 2007

1953 Corvette Roadster, Chassis number 157Our brothers at the Corvette Blog informed us last week about the McMullen Collection and a 1953 Corvette that was being auctioned on Saturday. We got the news today that the Corvette, chassis number 157, sold for an astounding $440,000 which includes the 10% buyers commission. The car was owned by John McMullen, a car dealer who owns a Pontiac GMC dealership in Troy, Michigan. McMullen, who is 79, had amassed a collection of 140 rare and valuable cars and decided that 73 of them must go. RM Auctions handled the gavel duty. Also included in the auction was a 1931 Duesenberg which sold for $1.35 million, a 1953 Buick Skylark and a 1953 Cadillac El Dorado which both sold for $450,000. The 1953 Corvette Roadster was acquired 12 years ago following a fresh restoration and a Gold certificate from Bloomington. The selling price shatters the $125,000 – $175,000 estimate listed on the RM Auction’s website and was much higher than the 1953 Corvette Roadster which sold at Barrett-Jackson in January for $298,350. It will be interesting to see if these prices will have any effect on the sales of two 1953 Corvette Roadsters at this weekend’s Bloomington Gold Auction.
Sources:
Corvette Blog
Detroit Free Press
Grand Haven Tribune
RM Auctions Related:
2007 Barrett-Jackson: $14.1 Million in Corvette Sales Technorati Tags:
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eBay Find of the Day: Mystery Men 1979 Corvette Limo

by Keith Cornett on June 8, 2007

Probably the best part of this little remembered (or easily forgotten) B-list movie from 1999 that starred Ben Stiller was the custom stretch 1979 Corvette Limo that was the preferred ride for the movie’s arch-villain Cassanova Frankenstein, played by Geoffrey Rush. The Corvette was purpose-built for the movie by Cinema Vehicle Services in North Hollywood, California. According to the eBay listing, the Corvette’s frame was extended to over 23 feet in total length, and the limo interior was added to include 2 more opposing seats, bar, lights and rear t-tops. Capping off the build was a black and silver custom paint job which makes the car appear to be that of a 1978 Corvette Pace Car. Fans of the movie (there’s got to be one or two of you guys out there that remember the Shoveler or that fork-throwing guy) remember that the Mystery Men beat the hell out of the car with their tools. But that was actually a second car that would split open for the interior shots as well as take the abuse of the Mystery Men.

Mystery Men 1979 Corvette Limo Mystery Men 1979 Corvette Limo Mystery Men 1979 Corvette Limo
The auction ends on June 10th and the current bid of $10,000 hasn’t yet reached the reserve. A buy-it-now is also available for $25,000. The Corvette looks a bit on the tired side though so additional dollars would be necessary to bring this unique and semi-famous celebrity car to life. Click here to read the entire eBay listing and view additional photos.
Source:
eBay.com via CarScoop.com Related
Celebrity Sighting: Rush Hour Corvette For Sale on eBay Technorati Tags:
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One of the most influential voices in the Corvette Collector market has recently started his own blog. Terry Michaelis, owner of ProTeam Corvette Sales has been posting for a month or so on tmichaelis.com, and already the blog contains some great information about buying classic Corvettes. His first blog post was actually in January following the sale of the Last Sting Ray at the Barrett-Jackson auction in Scottsdale. Funny thing, he posted the video of the sale that I captured and shared here on CorvetteBlogger.com A few years ago I was at the Winter auction in Kissimmee Florida when I noticed this guy wearing a ProTeam shirt. He was walking around a midyear Corvette that was second or third in line for the block. He had a cigar in his mouth and another 10 or so in his chest pocket. As he walked around the car, he ran his fingers along the outside wheel wells as his face maintained a sort of detached interest in the car. Yet you could tell that he was studying that Corvette hard. Right then I knew that this was a guy that knows Corvettes. A mutual friend of ours is Bob Kroupa from Vette-N-Vestments. Bob provides our yearly Corvette Pricing Guide as well as serves as our online Corvette appraiser at VetteFinders.com. Bob once said that facts that Terry carries around with him is staggering. He’s got all those numbers in his head and can tell in just a minute or two whether or not a Corvette is original. I’ve run into a Terry a couple of times since then, almost yearly at the Mecum auction held each January. He probably doesn’t remember me from Adam, but that’s all right. I always try to say hello. ProTeam is sometimes derided in the hobby but I’ve never fully understood why. Terry and his staff travel the country buying investment-quality Corvettes and selling them at a profit. A buyer of a ProTeam Corvette can be guaranteed a super clean original Corvette that will provide a decent return on investment. And when you got 150 or so of these classics under one roof, that says something. Whenever I see a new Corvette blog, I always try to say hi. It’s great that we are getting different viewpoints and the knowledge that Terry shares will make us all smarter when buying or selling Classic Corvettes. Stop by Terry’s blog and give him an online Corvette wave.
Related:
Barrett-Jackson: The Last Sting Ray Fetches $660,000 Technorati Tags:
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Maybe All Corvettes Should Be Red

by Keith Cornett on May 30, 2007

There is a famous saying in Vettedom that goes “All Corvettes are Red”. After seeing this 1967 Corvette Convertible, I understand why. As my ’66 is black, I’ve never really took the statement to heart. But the statement isn’t about the actual color of the car, its about personality, like saying Blondes have more fun. A red corvette says “Here I am!” and screams “watch me go!”. A red Corvette tells the world that your ride is both fun, yet there is serious performance under the hood and all you need to do is stomp on the gas pedal to unleash it.

Little Red Corvette. Baby You're Much Too Fast!
Having said that, sometimes it is about the color. Red Corvettes tend to have a higher resale value and sell faster then most other colors. Even in the later models, Red Corvettes outsell their peers. In 2006, the two reds, Monterey and Victory, combined for nearly 1/3 of all Corvettes produced. Which brings us back to this gorgeous big block midyear. Offered for sale at $96,500 at VetteFinders.com
Source:

VetteFinders.com Related:
Spy Photos: Little Red (SS) Corvette Technorati Tags:
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Featured Corvettes at VetteFinders.com

by Keith Cornett on May 11, 2007

It’s been a few months since we’ve done a Featured Corvettes at VetteFinders.com post. But since we are moving into the show and cruise season, now is the time to get into the Corvette of your dreams. The following six cars were highlighted in our May Featured Corvettes Newsletter. They are just a sampling of the 500+ Corvettes for sale at VetteFinders.com

1954 Corvette Convertible For Sale 1963 Corvette Coupe For Sale 1982 Corvette T-Top For Sale
1954 Convertible
$78,000
1963 Coupe
$150,000
1982 T-Top
$12,500
 
1985 Corvette Coupe For Sale 1997 Corvette Coupe For Sale 2006 Corvette Coupe For Sale
1985 Coupe
$15,000
1997 Coupe
$21,000
2006 Coupe
$44,995
Interested in receiving the Featured Corvettes newsletter? Click here to subscribe. Selling Your Corvette? Now is the time and VetteFinders.com is the place to reach more qualified Corvette Buyers. Corvette Classified Ads are only $25 and run for 3 months. You can post unlimited photos and you have access to make any changes at any time.
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Sold on eBay: 6-Pack of Split Window Corvettes

by Keith Cornett on May 8, 2007

Collection of 6 1963 Split Window CorvettesSame old story. A guy amasses a collection of 1963 Corvette Coupes and stores them in a field for thirty frickin years. Finally he sells them all to a Corvette dealer who sells the entire lot on eBay. Despite the rambling and poor grammar in the ad, the six Corvettes sold Sunday for the winning bid of $140,000. The group of 63’s include Corvettes equipped with the following engines: Fuel Injected Original Numbers Matching
Air Conditioned Original Numbers Matching
340hp Black/Red Original Numbers Matching
300hp Silver/Red NOM
300hp Silver/Blue NOM
Wrecked body/frame The average price of $23,333 per car is in line with other recent project cars we’ve seen, considering you have at one end of the spectrum a matching numbers fuelie while at the other end you have, well, half a Corvette. And what’s up with that half-a-vette having a split window rear windshield and 1965-66 quarter panel? These cars took a lot of wear and tear while parked and getting them back is going to cost some dollars. With time and money anything can be restored.
Source:
eBay.com Related:
Barn Find: 1968 Corvette Convertible Technorati Tags:
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April 2007 Corvette Sales

by Keith Cornett on May 2, 2007

April 2007 was the best month for 2007 Corvette sales this calendar year. Customers in April took delivery of 3,227 Corvettes. For the calendar year, January though April, GM has sold 11,403 Corvettes. For comparison, April 2006 saw 3,516 Corvettes delivered and January-April 2006 had sales of 12,808. With the introduction of the 2008 Corvette, with its refreshed interior and the new higher output LS3, it will be interested to see if 2007 Corvettes sales remain steady or fall off even more from their 2006 sales figures.

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%

Source:
GM.com Related:
March 2007 Corvette Sales Technorati Tags:
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Barn Find: 1968 Corvette Convertible

by Keith Cornett on April 18, 2007

As posted on the Corvette Forum, user Trophy Blue has a friend that found this 1968 Corvette Convertible with 34,000 original miles sitting in a barn. The Corvette was wrecked some 25 years earlier and the car was parked. According to the post, the Corvette sold for under $5,000.

1968 Corvette Barn Car - Interior 1968 Corvette Barn Car - damaged front end 1968 Corvette Barn Car - Optional Hard Top
For those that love barn stories in general, check out the post. Someone replied with a photo that shows 16 Chevelles rotting in a field. Of course you know that someday the owner is going to fix them up and sell them at Barrett-Jackson. He’s just “storing” them until he’s ready. From a pricing perspective this could be a real good buy depending on how the new owner can turn it around. It was the 1968 Corvette T-Top model that led the way at 17% in this year’s Top Appreciating Corvettes from our Corvette Price Guide. The one year appreciation figure for the 1968 Corvette Roadster is 11%.
Source:
CorvetteForum.com Related:
Corvette Barn Find Technorati Tags:
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First Quarter European Corvette Sales Grow

by Keith Cornett on April 10, 2007

Although the European Market is not all that large for Corvette in terms of volume, it is important for Corvette to continue to make inroads against the European cars it is constantly benchmarked against in their own backyard. First quarter sales of Corvettes continue to show that those inroads are being made. 348 Corvettes were sold by GM Europe in the first quarter of 2007. While year-to-year first quarter sales are up 5.5% with 18 more Corvettes sold this year than last year, year-to-year monthly sales for March 2007 slipped by 26 Corvettes with 162 sold in 2006 versus 136 in March 2007.
Source:
GM.com Related:
March 2007 Corvette Sales Technorati Tags:
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