This SlideShowPro photo gallery requires the Flash Player plugin and a web browser with JavaScript enabled.

Marketplace

Mid-engine Corvette Sketch from GM Styling

Freelance Journalist Frank Washington was out for a morning walk in his hometown of Detroit when he was viciously attacked. Beaten and stabbed, Frank spent over 11 hours in the operating room as his attackers broke nearly every bone in his face. Frank is well known in the automotive writing circles and news of his attack prompted spy photographer Brenda Priddy and other journalists to set up several benefit auctions on eBay to help Frank financially while he recovers.

One of the items offered is two sketches drawn in the GM Styling Corvette Studio circa 1973 by then GM designer Ron Will. The sketches were part of the advance design program to create a mid-engined Corvette. The program was spearheaded by the head of Chevrolet, John De Lorean and Corvette’s Cheif Engineer Zora Arkus-Duntov and resulted in several prototypes including the Chevrolet Aerovette show car. Unfortunately, due to spiraling production costs the project for the on-again off-again mid-engined Corvette was eventually killed in favor of continuing the front engine layout.

Mid-engine Corvette Sketch from GM Styling

The framed sketches measure 22×24 inches and are signed by designer Ron Will.

The auction runs until April 5th at 18:33 PDT and the current bid as of Wednesday is $455. Check out this auction and the other eBay auctions that Brenda and her colleagues have pulled together to benefit Frank Washington.

Thanks for the tip PC!


Source:
eBay.com

Related:
Corvette Museum Auctions Parts on eBay

Technorati Tags:
| | | | | | |

1964 Corvette Coupe

Barrett-Jackson wrapped up their four day Palm Beach collector car auction and the results have been tabulated: 59 Corvettes sold for $3,861,200. The total doesn’t include a buyer’s commission of 10% as Barrett-Jackson is only reporting the hammer price on their results page.

The top seller of the weekend was a 1958 RestoRod powered by a 1996 LT-4 engine with a 6-speed ZF transmission. The Black/Silver Corvette sold for $155,000 on Saturday. But the big story for the weekend is the strength of the early C3 Corvettes. A 327ci 350hp Rally Red 1968 Corvette roadster sold for $152,000 and in third place at $150,000 was a Cortez Silver 1969 Corvette Coupe with the L71 427/435 engine. Another 1969 Cortez Silver Corvette with a L71 427/435 engine sold for $98,000 while a 1972 LT-1 Corvette hit $92,000.

The weekend wasn’t without its disappointments though. A 1970 LT-1 ZR-1 Corvette sold for just $102,000 despite the fact that only 25 were made. Fuelie prices seemed lower than in previous auctions. A 1960 283/290 FI Convertible sold for $112,000 and a 1962 White Roadster with a 327/360 FI engine fetched $93,000.

Looking at the last few years of the Barrett-Jackson Palm Beach auctions gives us something else to talk about. There were less Corvettes represented than in previous years and therefore the sales totals are less. But we are also seeing a decline in the average prices from year to year. If we adjust this year’s sales figure to include a 10% buyers commission, Corvettes sold for an average of $71,988 in 2008, down from $75,177 in 2007 and $78,970 in 2006.

Here are the full results from the Barrett-Jackson Palm Beach Collector Car Auction:

LOT # YEAR MAKE MODEL PRICE
46 1969 CORVETTE CONVERTIBLE $31,000
47 1965 CORVETTE CONVERTIBLE $63,000
64 1964 CORVETTE COUPE $54,000
98.1 1980 CORVETTE CUSTOM COUPE $10,000
100 1982 CORVETTE COUPE $19,500
312 1982 CORVETTE COUPE $15,500
323 1994 CORVETTE COUPE $19,000
324 1992 CORVETTE COUPE $16,500
331.1 1975 CORVETTE CONVERTIBLE $19,000
340.1 1990 CORVETTE COUPE $44,000
345 1965 CORVETTE CONVERTIBLE $53,000
348 1958 CORVETTE CONVERTIBLE $73,000
348.1 1965 CORVETTE COUPE $73,000
350.1 1968 CORVETTE CONVERTIBLE $152,000
355 1970 CORVETTE CONVERTIBLE $65,000
356 1966 CORVETTE CUSTOM COUPE $70,000
361.1 1963 CORVETTE CONVERTIBLE $80,000
364 1966 CORVETTE CONVERTIBLE $65,000
365 1965 CORVETTE CONVERTIBLE $64,000
370 2000 CORVETTE AVELATE CUSTOM CONVERTIBLE $47,000
372.1 1958 CORVETTE CONVERTIBLE $63,000
385 2004 CORVETTE 88TH INDY 500 OFFICIAL PACE CAR $58,000
385.1 1964 CORVETTE COUPE $100,000
388 1972 CORVETTE CONVERTIBLE LT-1 $92,000
388.1 1972 CORVETTE COUPE $66,000
389 1962 CORVETTE CONVERTIBLE $70,000
394 1964 CORVETTE CONVERTIBLE $71,000
401 1961 CORVETTE CONVERTIBLE $61,000
422 1992 CORVETTE CUSTOM COUPE $17,000
600 1973 CORVETTE COUPE $13,500
609 1988 CORVETTE CONVERTIBLE $16,500
627.1 1978 CORVETTE SILVER ANNIVERSARY PACE CAR $28,000
630 2003 CORVETTE AVELATE CONVERTIBLE $70,000
632 1962 CORVETTE FI CONVERTIBLE $93.000
633.1 1970 CORVETTE COUPE $62,000
636 1967 CORVETTE CONVERTIBLE $66,000
641.1 1959 CORVETTE CUSTOM CONVERTIBLE $80,000
642 1967 CORVETTE CONVERTIBLE $72,000
643 2007 CORVETTE DAYTONA 500 PACE CAR RE-CREATION $64,000
645 1965 CORVETTE COUPE $107,000
646 1969 CORVETTE COUPE $150,000
652 1962 CORVETTE CONVERTIBLE $80,000
655 1957 CORVETTE CONVERTIBLE $90,000
670.1 1970 CORVETTE LT-1 ZR-1 COUPE $102,000
672.1 1960 CORVETTE FI CONVERTIBLE $112,000
678 1966 CORVETTE CONVERTIBLE $112,000
678.1 1961 CORVETTE CONVERTIBLE $118,000
681.1 1965 CORVETTE CUSTOM CONVERTIBLE $92,000
683 1957 CORVETTE CONVERTIBLE $80,000
684 1954 CORVETTE CONVERTIBLE $72,000
685.1 1969 CORVETTE CONVERTIBLE $67,000
688 1958 CORVETTE CUSTOM CONVERTIBLE $155,000
688.1 1969 CORVETTE CONVERTIBLE L71 $98,000
689.3 2007 CORVETTE CUSTOM CONVERTIBLE $67,000
707 1994 CORVETTE COUPE $21,000
908 1985 CORVETTE COUPE $6,700
925 1994 CORVETTE COUPE $20,000
942 1960 CORVETTE CONVERTIBLE $57,000
956 1963 CORVETTE CUSTOM CONVERTIBLE $58,000
         
      TOTAL CORVETTE SALES: $3,861,200

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
[VIDEO] Barrett-Jackson Palm Beach 08: All Time High for 1969 L71 427/435 Corvette
[VIDEO] Barrett-Jackson Palm Beach 08: 1970 Corvette ZR-1 Sells for $102,000
[VIDEO] Friday’s Featured Corvettes: Barrett-Jackson Palm Beach Edition
Barrett-Jackson Palm Beach 2007: Corvette Sales Top $6.2 Million

Technorati Tags:
| | | | | | |

1970 ZR-1 LT-1 Corvette on the block at Barrett-Jackson's Palm Beach Collector Car Auction

We came into this auction delayed by one of SPEED’s copius commercial breaks so we didn’t get the usual analysis one would expect for a Corvette of this rarity. The 1970 ZR-1 Corvette package was the small block replacement for 1969′s L-88. Two other specially equipped big blocks were planned and then scrapped, leaving the ZR-1 to carry the high performance mantle for the model year. The ZR-1 option was described as a Special Purpose Engine Package and came equipped with a 350 ci 370 hp LT-1 engine, M22 4-speed heavy duty transmission, heavy duty power brakes and a special aluminum radiator. Only 25 of 1970′s 17,316 Corvettes were built with the ZR-1 option.

On this particular 1970 ZR-1 Corvette, the commentators question the exterior paint and quality of body preparation and one mentions that what Corvette collectors are most likely looking for was the “combination of equipment and provenance”. That’s exactly what was missing from this sale. It’s our opinion that the seller didn’t do a good job on selling the rarity of the Corvette through the use of documentation, and it’s the lack of documentation that makes claims of rarity suspect. The description of the Corvette on the Barrett-Jackson website also makes no claims to originality or numbers matching and the only document mentioned is a photo of the tank sticker.

A little more than a week ago, Proteam’s Terry Michaelis ranked his A-List of Corvettes and the 53 Corvette ZR-1′s produced from 1970-1972 made the Top 10 with a price point between $150,000-$250,000. If the Corvette is indeed original, the buyer should attempt to add “paper” to the Corvette through NCRS and Bloomington judging.

Sources:
Barrett-Jackson.com
SpeedTV.com
tMichaelis Corvette Perspective

Related:
[VIDEO] Barrett-Jackson Palm Beach 08: 1970 Corvette ZR-1 Sells for $102,000
2008 Barrett-Jackson Palm Beach Corvette Auction Preview

Technorati Tags:
| | | | | | | | |

1969 L71 427/435 Corvette on the block at Barrett-Jackson's Palm Beach Collector Car Auction

In what could very well be the all time high price, this 38,000 mile 1969 Corvette Coupe equipped with the potent L71 427 ci 435 hp engine sold for $150,000 at the Barrett-Jackson Palm Beach auction in March 2008. Our search for a previous high led us to Keith Martin’s VetteMarket.com Corvette database where an L71 Corvette Coupe sold at Barrett-Jackson’s 2006 Scottsdale auction for $116,100 while the overall high for 1961 L71 Corvettes goes to a convertible model that sold at the same auction for $128,200.

This Cortez Silver example (Lot #646)is highly documented and fully authenticated. The Corvette features the L71 427 ci 435 hp engine, M21 close ratio 4-speed manual transmission and F-41 suspension. Options include factory side mount exhaust, power disc brakes, power steering, power windows, Redline tires, headrest and shoulder belts.

This kind of money for early C3 big blocks has mostly been reserved for the 200-odd L88 Corvettes. It will be interesting to see if the market follows or if this was just a case of Barrett-Jacksonitis.

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
[VIDEO] Barrett-Jackson Palm Beach 08: 1970 Corvette ZR-1 Sells for $102,000
[VIDEO] Friday’s Featured Corvettes: Barrett-Jackson Palm Beach Edition
2008 Barrett-Jackson Palm Beach Corvette Auction Preview

Technorati Tags:
| | | | | | |

1965 Corvette on the block at Barrett-Jackson's Palm Beach Collector Car Auction

Instead of listing Corvettes that are for sale like I usually like to do on Fridays, I thought I would show you two Corvettes that sold last night at the Barrett-Jackson Collector Car Auction in Palm Beach, Florida. We always hear about the big blocks and the rare or special edition Corvettes at Barrett-Jackson, but how do the small blocks fare on the first and traditionally “bargain” night of the auction? Pretty damn good actually…

Lot #47: 1965 Corvette Convertible

This Corvette features a 327 ci 350 hp engine coupled to a 4-speed manual transmission. In the video you will see the seller prepared a display board showing 8×10 photos of the various engine, transmission and trim codes showing the Corvette to be a matching numbers car. The Corvette sold for $63,000 and was the highest priced Corvette for the 1st night in Palm Beach.


Lot #64: 1964 Corvette Coupe

Our second Corvette is another interesting small block example. This 1964 Corvette Coupe is all about comfort. The car features a 327 ci 300 hp base engine with a 2-speed Powerglide automatic transmission, factory air conditioning, power steering and power brakes. The Riverside Red exterior was described as “better than new”. The Corvette sold for $54,000.

For a list of Corvettes going through the Barrett-Jackson’s Palm Beach Collector Car Auction, check out our Corvette auction preview.

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
2008 Barrett-Jackson Palm Beach Corvette Auction Preview

Technorati Tags:
| | | | | | | |

Terry’s Corvette B-List: The Affordables

by Keith Cornett on March 25, 2008

1955 Corvette in Harvest Gold

Last week Terry Michaelis of Proteam Corvettes shared his Corvette A list. This was his top 10 Corvettes to buy if money was no object. Those 10 Corvettes represented the rarest of the rare, from a 1963 Grand Sport to a 1971 LS6. This week, Terry brings us his B-List: The Affordables. This list contains 15 of the most collectible Corvettes that are still in reach for most collectors. With Barrett-Jackson happening this week it’s possible that Proteam could be shipping back to Ohio several Corvettes on this list.

Terry’s Corvette B-List

1955 V-8
700 produced (7 Blue Flame Six; 693 with V-8’s) • values $125K to $350K
1957 Fuelie
1,040 produced (RPO-684 HD racing suspension, 51 produced; RPO-579E air box, 43 produced) • value $250K up on the RPO-684/579E
1958-’62 Fuelies
RPO 684 + RPO 687 HD brakes + suspension; 884 produced in all 5 years/177 per year • value $150K up (1958 RPO-684 are very special and more expensive)
1958-’61 Dual Four
245 hp and 270 hp • value $100K up
1963 Fuelie Split Window
1,300 prox. produced • value $100K up
1965 Fuelie
last year fuelie (771 produced) • value $100K up
1965 396-425 hp
first/last year for the 396 (only 2,157 produced) • value $100K up (M-22 adds $150K to $250K)
1966 427-425 hp
5,258 produced • #2 in top 40 fastest muscle car list • value $100K up • 15 M-22 produced (adds $150K to $250K)
1967 435 hp
3,754 produced (popular then/popular now) • colors & documentation is important & rare • value $150K up
1963-’67 Tanker
63 ’63’s produced, 38 ’64’s produced, 41 ’65’s produced, 66 ’66’s produced, 2 ’67’s produced • values range $125K up • ’63’s are hot and just try to find a ‘67 (probably $500K to $1 million)
1967 400 hp/air/convt.
colors & documentation is important • value $150K up
1968/69 L-89
624 1968’s/390 1969’s produced with aluminum head option • value $150k up
1970 LT-1
1,287 produced • value $60K up
1971 LT-1
1,949 produced • value $60K up
1972 LT-1
1,741 produced • value $60K up • add air and price soars especially convertibles (less than 50)

Footnotes:

  1. must be the real deal… not fakes or frauds
  2. Colors (Black) adds a lot… must be factory original body/trim tag
  3. Original documentation, history, and Bloomington/NCRS show awards adds a lot
  4. Original rare options adds a lot (set of Kelsey bolt-on wheels & red stripe tires sold on eBay in ‘06 for $33K)
  5. Original, unrestored in excellent condition adds a lot.
  6. Caveat Emptor (Buyer Beware). We are adrift in a sea of sharks disguised as mermaids.
  7. When it is time to sell… be a smart seller. High-profile events like the Barrett-Jackson and Mecum Muscle Car auctions will get you more money for your car than newspaper and trade publication advertisements. Plan ahead if you’re considering selling your baby: seek good lot numbers (pay a premium if you must) and baby-sit your car during the event to answer questions and show pride in your car – it is a reflection of you, and people simply pay more if they like the seller.
  8. A-E Equals an overall package and desirables.

Do you see anything here you would like in your garage? Leave a Comment (below) and let us know.

Sources:
tMichaelis Corvette Perspective

Related:
When Money is No Object: Terry’s Corvette A-List
Appreciating Corvettes: Top 12 Price Gainers of 2007

Technorati Tags:
| | | | | |

1970 Corvette ZR-1 Coupe

Barrett-Jackson returns to the east coast this weekend for the 6th annual Collector Car auction in Palm Beach, Florida. The four day event gets underway on this Wednesday and the first of 56 Corvettes will hit the auction block on Thursday. SPEED will be covering the event and you can be sure to count on us for recapping the event’s biggest Corvette moments.

Corvettes will be well represented at the four day event with models ranging from 1954 through 2007. One of the rarest Corvettes ever produced, a 1970 ZR-1 Corvette with an LT-1 engine, will be auctioned on Saturday night. Of course the usually bevy of fuelies and big blocks will be represented as well as some unusual customs including a 2007 convertible Z06. Yes, I said a convertible Z06…

The full list of Corvettes planned for the Barrett-Jackson’s Palm Beach auction is after the jump. We’ve broken down the schedule so you’ll be able to see which day the Corvette will be sold. As always, check back throughout the week and into the weekend as we’ll have coverage and videos of selected Corvette auctions.

LOT # YEAR MAKE MODEL AUCTION
46 1969 CORVETTE CONVERTIBLE MAR 27
47 1965 CORVETTE CONVERTIBLE MAR 27
64 1964 CORVETTE COUPE MAR 27
98.1 1980 CORVETTE CUSTOM COUPE MAR 27
100 1982 CORVETTE COUPE MAR 27
312 1982 CORVETTE COUPE MAR 28
323 1994 CORVETTE COUPE MAR 28
324 1992 CORVETTE COUPE MAR 28
331.1 1975 CORVETTE CONVERTIBLE MAR 28
340.1 1990 CORVETTE COUPE MAR 28
343 1972 CORVETTE CONVERTIBLE MAR 28
345 1965 CORVETTE CONVERTIBLE MAR 28
348 1958 CORVETTE CONVERTIBLE MAR 28
348.1 1965 CORVETTE COUPE MAR 28
350.1 1968 CORVETTE CONVERTIBLE MAR 28
355 1970 CORVETTE CONVERTIBLE MAR 28
356 1966 CORVETTE CUSTOM COUPE MAR 28
361.1 1963 CORVETTE CONVERTIBLE MAR 28
364 1966 CORVETTE CONVERTIBLE MAR 28
365 1965 CORVETTE CONVERTIBLE MAR 28
370 2000 CORVETTE AVELATE CUSTOM CONVERTIBLE MAR 28
372.1 1958 CORVETTE CONVERTIBLE MAR 28
385 2004 CORVETTE 88TH INDY 500 OFFICIAL PACE CAR MAR 28
385.1 1964 CORVETTE COUPE MAR 28
388 1972 CORVETTE CONVERTIBLE MAR 28
388.1 1972 CORVETTE COUPE MAR 28
389 1962 CORVETTE CONVERTIBLE MAR 28
394 1964 CORVETTE CONVERTIBLE MAR 28
401 1961 CORVETTE CONVERTIBLE MAR 28
600 1973 CORVETTE COUPE MAR 29
607 1992 CORVETTE COUPE MAR 29
609 1988 CORVETTE CONVERTIBLE MAR 29
627.1 1978 CORVETTE SILVER ANNIVERSARY PACE CAR MAR 29
630 2003 CORVETTE AVELATE CONVERTIBLE MAR 29
632 1962 CORVETTE CONVERTIBLE MAR 29
633.1 1970 CORVETTE COUPE MAR 29
636 1967 CORVETTE CONVERTIBLE MAR 29
641.1 1959 CORVETTE CUSTOM CONVERTIBLE MAR 29
642 1967 CORVETTE CONVERTIBLE MAR 29
643 2007 CORVETTE DAYTONA 500 PACE CAR RE-CREATION MAR 29
645 1965 CORVETTE COUPE MAR 29
646 1969 CORVETTE COUPE MAR 29
652 1962 CORVETTE CONVERTIBLE MAR 29
655 1957 CORVETTE CONVERTIBLE MAR 29
670.1 1970 CORVETTE LT-1 ZR-1 COUPE MAR 29
672.1 1960 CORVETTE FI CONVERTIBLE MAR 29
678 1966 CORVETTE CONVERTIBLE MAR 29
678.1 1961 CORVETTE CONVERTIBLE MAR 29
681.1 1965 CORVETTE CUSTOM CONVERTIBLE MAR 29
683 1957 CORVETTE CONVERTIBLE MAR 29
684 1954 CORVETTE CONVERTIBLE MAR 29
688 1958 CORVETTE CUSTOM CONVERTIBLE MAR 29
688.1 1969 CORVETTE CONVERTIBLE MAR 29
689.3 2007 CORVETTE CUSTOM CONVERTIBLE MAR 29
908 1985 CORVETTE COUPE MAR 30
942 1960 CORVETTE CONVERTIBLE MAR 30
956 1963 CORVETTE CUSTOM CONVERTIBLE MAR 30
         


Source:
Barrett-Jackson Collector Car Auction

Related:
Barrett-Jackson 08: [VIDEO] 1st 2009 Corvette ZR1 Sold for $1 Million
2007 Barrett-Jackson Palm Beach: Corvette Sales Top $6.2 Million

Technorati Tags:
| | | | | |

2009 Corvette ZR1

Today is kind of fun because I get to combine two of my favorite subjects into one post. I love looking at Corvettes for sale and its always fun when I can bring something unique to the table. I also will follow just about any news story that revolves around the 2009 Corvette ZR1. So its big news for us to announce that our Corvette classifieds website VetteFinders.com has received its first ad for the 2009 Corvette ZR1.

The 6.2L Supercharged Corvette is being offered by Jim “Z” of Spitzer Chevrolet in Amherst, Ohio. Jim placed the ad earlier this week and the Corvette has already received a ton a page views and requests for additional information. The ZR1 is being offered as a “You Build” model and carries a price tag of $100,000 + market adjustment. That adjustment will cover the actual cost of the Corvette which has yet to be officially released, as well as provide a cushion for the dealer based on demand for the car.

This is only the second such ad we’ve seen for the 2009 Zr1. Last week we reported about the guy trying to finance his purchase by selling two ZR1′s on CraigsList.com for $350,000 each.

Most of the larger dealerships with have an allocation (or two) for the Corvette ZR1. The ordering window for the ZR1 opens on May 29t and its our belief that these Corvettes will sell pretty quickly so you would do best to get your name on a list now. Click here to view Jim’s Corvette ZR1 ad at VetteFinders.com or contact our friends at Kerbeck Chevrolet and ask Dave how to get on the ZR1 waiting list.


Source:
VetteFinders.com

Related:
2009 Corvette ZR1 Hits CraigsList for $350,000
Barrett-Jackson 08: [VIDEO] 1st 2009 Corvette ZR1 Sold for $1 Million

Technorati Tags:
| | | | |

When Money is No Object: Terry’s Corvette A-List

by Keith Cornett on March 19, 2008

Grand Sport #001

Terry Michaelis of Proteam Corvettes has been buying and selling Corvettes for decades and is arguably one of most knowledgeable Corvette pricing experts in the country. When you’re buying and selling hundreds of thousands of dollars worth of Corvettes on any given weekend, you better know where the market is, right? So when Terry told us about his Corvette A-List, ie the top 10 Corvettes to buy if money wasn’t an object, we decided to sit in the front row and take notes.

Terry’s Corvette A-List

1963 GRAND SPORT
5 produced • value $6 million and up (good luck)… none for sale
1969 ZL1
2 produced • value $3 million and up (good luck)… none for sale
1967 L-88
20 produced • value $1.5 million and up (good luck)… none for sale
1968/69 L-88
196 produced • value $350K to $750K (They are out there)
1971 ZR2
12 produced • value $350K to $650K (4 known to exist)
1967 L-89
16 produced • value $450K to $750K (few known to exist)
1953 BLUE FLAME
300 produced • value $300K to $500K (VIN 003 sold for $1 million; VIN 005 sold $850K)
1963 Z06/TANKER
63 produced • value $275K to $400K (add for race history)
1970-’72 ZR1
53 produced • value $125K to $200K (few exist)
1971 LS6
188 produced • value $125K to $200K (not hard to find)

Footnotes:

  1. must be the real deal… not fakes or frauds
  2. Colors (Black) adds a lot… must be factory original body/trim tag
  3. Original documentation, history, and Bloomington/NCRS show awards adds a lot
  4. Original rare options adds a lot (set of Kelsey bolt-on wheels & red stripe tires sold on eBay in ‘06 for $33K)
  5. Original, unrestored in excellent condition adds a lot.
  6. Caveat Emptor (Buyer Beware). We are adrift in a sea of sharks disguised as mermaids.
  7. When it is time to sell… be a smart seller. High-profile events like the Barrett-Jackson and Mecum Muscle Car auctions will get you more money for your car than newspaper and trade publication advertisements. Plan ahead if you’re considering selling your baby: seek good lot numbers (pay a premium if you must) and baby-sit your car during the event to answer questions and show pride in your car – it is a reflection of you, and people simply pay more if they like the seller.
  8. A-E Equals an overall package and desirables.

So what do you think? Given an unlimited bank account and the availability factor, which of these ten Corvettes would you covet if the opportunity presented itself? Leave a Comment (below) and let us know.

Sources:
tMichaelis Corvette Perspective

Related:
Appreciating Corvettes: Top 12 Price Gainers of 2007
Auction Results: [VIDEO] 1953 Corvette Sold for $261,800

Technorati Tags:
| | | | | | | | | |

Auction Watch: Carlisle Waiving Consignment Fees

by Keith Cornett on March 18, 2008

Corvette Auction Underway at 2007's Corvettes at Carlisle

In an effort to redefine itself after last year’s lackluster Corvette auction results, the Carlisle Event’s in-house auction shop has decided to waive the general consignment fee for the 2008 Spring, Corvette and Fall auctions. The standard consignment fee of $250 was an upfront cost to the seller for entering the car in the auction and the move is an attempt to shake up the auction market by trying to entice more sellers to list their cars at a Carlisle auction.

Michael Cornfield the Senior Director of Marketing for Carlisle Auctions said, “The strategy behind this shift is to entice additional auction registrants who will be more likely to partake in the live auction process. Based on the industry-wide decline in sales figures, we believe this will create the buzz needed to break through the now saturated auction market.”

Traditionally, auction houses make money on both buyers and sellers before a single car crosses the block: A consignment fee from the seller for listing the vehicle and a registration fee for bidders. If the Corvette is sold, then the auction house collects a commission from both seller and buyer. The consignment fee would normally be enforced on reserve auctions to protect the auction house from a no-sale. There are some stipulations with Carlisle’s free consignment offer: One consignment per person, your car will be sold outside the prime time hours of Friday and Saturday, and you need to provide the required photos and vehicle descriptions in advance of the deadline, which is July 15th for the Corvette auction.

The free consignment offer should do much to bolster the selection of the Corvettes available at this premier venue and will hopefully bring in the buyers as well. Another change in store for the Carlisle auction is the auction house will no longer be charging a $100 bidder registration fee. So with more cars available for sale and less up-front costs for potential buyers to register, the event could very well get the boost it needs to once again propel the Corvettes at Carlisle auction back to one of the elite Corvette auctions in the Country.

The Corvettes at Carlisle Auction will be held at the Carlisle Expo Center in Carlisle, PA on August 22nd-23rd, 2008 and the deadline for the free consignment offer is July 15th, 2008.


Source:
CarlisleAuctions.com

Related:
Auction Results: Corvettes at Carlisle 2007

Technorati Tags:
| | | |

Page 73 of 94« First...102030405060...7172737475...8090...Last »