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Barrett-Jackson 08: 1958 Corvette Sets High Price

by Keith Cornett on January 19, 2008

We were damn lucky to see this Corvette get sold. It seems this year Speed TV has a knack of going to commercials just as a Corvette is crossing the auction block. So when the video starts you’ll see the bidding has already underway.

Lot Number 990.1 is a 1958 Corvette Convertible, Silver Blue with Silver Blue interior. Featuring a 283 ci 240 dual quad engine coupled to a T10 transmission, the Corvette has just 36,990 original miles. It has a very low production sequence number of #302. The numbers matching Corvette underwent a documented frame off restoration and has just 200 miles on her since completion.

The couple that won the bidding were very excited. The announcer says this is the fourth car he has purchased and his wife is still smiling!

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
Barrett-Jackson 08: [VIDEO] 1958 Corvette Convertible
Barrett-Jackson 08: [VIDEO] A Tale of Two 1963 Corvettes
Barrett-Jackson 08: [VIDEO] 1966 Corvette Convertible Sells for $86,900
2008 Barrett-Jackson Corvette Auction Preview

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RM Auction Results: 1953 Corvette Sells for $290,400

by Keith Cornett on January 19, 2008

1953 Corvette Convertible

Barrett-Jackson isn’t the only game in town this weekend. Several highline auction houses also had events worth noting, and in particular interest to us was RM’s Arizona Auction held Friday, January 18th where a 1953 Corvette was offered and sold.

The Corvette, lot number 182, was sequence number 268 of the 300 produced in 1953. According to the auction description, the car was purchased back in the 1970′s by a noted Corvette specialist and had a professional documented concours quality restoration in the early 1980′s. The Corvette has appeared at several shows and earned its AACA National Senior First Prize in Hershey, PA in 1986. The seller acquired the Corvette in 2001 and had it stored in a private collection since then. At one show, the Corvette was signed by Zora Arkus-Duntov on the fender and dash and a photograph of Zora signing the car was included in the sale.

While the pre-sale estimates of the Corvette ranged from $275,000-$325,000, the actual selling price was $264,000 and with the 10% buyers commission, the total selling price was $290,400. Still a decent purchase in our opinion based on 2007′s 1953 Corvette sales average of $359,079 from six public auctions.

Next weekend we’ll be in Kissimmee Florida for Mecum’s Winter Classic where another 1953 Corvette Convertible is set to be sold. Stay tuned as we will have the complete details following the auction.


Source:
RM Auctions

Related:
Auction Results: 1953 Corvette Fetches $440,000 at Hilton Head

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The hype surrounding the sale of this special car has been building since last Saturday when the all new 2009 Corvette ZR1 made its debut at the GM Style Party in Detroit. But I don’t think anybody expected to see what happened on Saturday night with millions of automotive and Corvette fans watching the 37th Annual Barrett-Jackson Collector Car Auction as they saw the first blue devil auctioned off with the proceeds going to the United Way.

Giving a fantastic introduction as only he can was Jay Leno. Jay has a way of connecting with enthusiasts because he is one himself. Jay was joined on the block with GM North America President Troy Clarke while GM Performance Vehicle Line Manager Tom Wallace stood in the background.

The bidding started at $100,000 and quickly climbed to $900,000 with collector Dave Ressler holding the high bid. As the money for the Corvette is going to charity, Dave added an additional $100,000 to make the final bid $1,000,000. Barrett-Jackson waived the buyers commission as this was a charity auction. The Corvette shown on the block is a prototype only. Ressler will get to move to the head of the line and receive the first available retail version Corvette ZR1 later this summer. His Corvette ZR1 will be painted in a one-only LeMans Blue and will feature option code BD1. The Corvette will be delivered to the National Corvette Museum where Ressler will receive the car. In addition to winning the Corvette, Dave will receive a three-day driving experience at the Bondurant School of High Performance where Corvette Racing’s Ron Fellows will serve as a special instructor. Jay Leno has also donated tickets to the Tonight Show as well as a tour of his personal collection.

Dave Ressler is well known in the Corvette hobby for spending $1 million dollars back in 2006 at Barrett-Jackson to buy the oldest surviving Corvette, 1953′s #003. In terms of who won the horsepower wars at tonight’s auction, this should be a slam dunk for Corvette. The 2008 Ford Shelby GT500KR sold for $550,000 while the 2008 Dodge Challenger SRT8′s selling price has yet to be know. We’ll update this post once the results are in.

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
Live: Watching Corvettes at the GM Style Party
2009 Corvette ZR1 Photo Gallery
2008 Barrett-Jackson Corvette Auction Preview

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We haven’t done this in a while, so to kick off the first “Friday’s Featured Corvettes for Sale” post of the new year, I thought a theme was in order. As the book title goes, “All Corvettes Are Red” and so are all the Corvettes listed here from VetteFinders.com, our Corvette classified ads website. This 6-pack offers a little something for everyone so if you’re in the market for a new dream ride and can’t afford Scottsdale pricing, come over and take a look at more than 500 Corvettes for sale.

1959 Corvette Convertible For Sale 1964 Corvette Convertible For Sale 1974 Corvette T-Top For Sale
1959 Convertible
$49,000
1964 Convertible
$69,750
1974 T-Top
$10,900
 
1996 Corvette Coupe For Sale 2002 Corvette Hardtop For Sale 2005 Corvette Convertible For Sale
1996 Coupe
$18,500
2002 Z06 Project
$15,500
2005 Convertible
$51,500

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.


Source:
VetteFinders.com

Related:
Maybe All Corvettes Should Be Red

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Barrett-Jackson 08: [VIDEO] A Tale of Two 1963 Corvettes

by Keith Cornett on January 18, 2008

Two 1963 Corvettes crossed the auction block at the Barrett-Jackson Collector Car Auction on Thursday evening, and while they were both made in 1963 they were anything but alike.

Lot #709 is a Tuxedo Black convertible with a ’67 stinger hood and 20″ Foose rims. It has the 327 ci 340 hp L76 engine and is coupled to a 4-speed transmission. It’s bling was showing for a reason as it was recently used in the making of a music video by the rapper T.I.

The second 1963 Corvette in this highlight, Lot # 743 is a split window coupe, all original with a matching numbers base 327 ci 250 hp engine and a 4-Speed. It had some nice convenience options including power steering, power brakes and power windows. Finished in Riverside Red, the coupe is just stunning.

The reason I combined these two auctions into one video is not so much to compare the two as it is to contrast them: With different body styles, engine options and restoration goals, these two Corvettes are completely different cars.

So let me ask you a question. If you could have your choice between a very solid semi-celebrity (video ho!) Corvette roadster with nearly 100 horsepower more than a matching numbers base engine Split Window Coupe, which one would you choose? Leave a comment below and remember there is no wrong answer.

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

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
Barrett-Jackson 08: [VIDEO] 1966 Corvette Convertible Sells for $86,900
2008 Barrett-Jackson Corvette Auction Preview

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Barrett-Jackson 08: [VIDEO] 1958 Corvette Convertible

by Keith Cornett on January 18, 2008

Here is a really sharp 1958 Corvette that was sold at the 2008 Barrett-Jackson Collector Car Auction in Scottsdale, Arizona. The selling price was $75,000 + the 10% buyers commission of 10% for a total price of $82,500.

Lot #728 was the first C1 Corvette to cross the block at the 2008 auction. The Corvette’s exterior is Snowcrest White with Inca Silver coves and comes appointed with a Pebble Black interior. Powered by a 283 ci 270 hp dual quad small block V8, the sales literature lists the mileage at an incredible 30,500 miles.

There is kind of a funny aside to this story. The seller is John Howard, car collector and legendary cycling and triathlon star. Howard set the bicycle land speed record of 152 mph back in 1985 at the Bonneville Salt Flats, traveling at a speed greater than his 1958 Corvette is capable of in its stock form. No word on whether or not the bike was modded.

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

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
Barrett-Jackson 08: [VIDEO] A Tale of Two 1963 Corvettes
Barrett-Jackson 08: [VIDEO] 1966 Corvette Convertible Sells for $86,900
2008 Barrett-Jackson Corvette Auction Preview

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Yes, Barrett-Jackson is finally here and we’re celebrating by watching wall to wall coverage of the super bowl of classic car auctions. Tuesdays and Wednesdays are usually considered the bargain nights, but here is a 1966 Corvette convertible that we believe was well sold.

This Corvette (Lot # 464) features a 327 ci 300 hp base engine with several rare options. Just 8.7% of 1966 Corvettes were equipped with the two-speed powerglide automatic transmission and only 12.7% came with factory air conditioning. The Corvette was finished with the most popular color in 1966, Nassau Blue (6,100) and features a black interior. The matching numbers Corvette is said to have undergone an extensive frame-off restoration.

I feel for the commentators though as it’s tough enough to talk on live television without occasionally getting something wrong. So for today’s trivia question, take a listen and leave a comment with what you think was incorrectly described during this auction.

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

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
2008 Barrett-Jackson Corvette Auction Preview

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2008 Barrett-Jackson Corvette Auction Preview

by Keith Cornett on January 10, 2008

1971 Corvette ZR2 Coupe

“It’s the most wonderful time of the year”! No, I’m not still singing Christmas carols, but when the Barrett-Jackson auction rolls around every year, I do get a bit giddy like a kid around Christmas time. Yes, it’s that time of year where chrome, corporate jets, unlimited checkbooks, and gavel to gavel television coverage converge on Scottsdale Arizona for what has become the Super Bowl of automotive auctions. The 37th Annual Barrett-Jackson Collector Car Auction gets under way next week with the first car hitting the block on Tuesday.

Barrett-Jackson announced last year that they would be bringing down the total number of cars in the 2008 Auction from 1,200 to around 1,000. Corvettes are still well represented with 106 currently on the docket, but this is a significant decline from last year’s total of 142 Corvettes that were sold in Scottsdale. What’s also interesting about this list is that the venerable auction favorite, the 1967 Corvette will only be making 7 appearances whereas last year there was over 20 1967 Corvettes that sold.

We’ll be watching a number of cars including the 1963 Rondine Corvette concept, a 1 of 12 1971 ZR2 Corvette Coupe and of course the 2009 Corvette ZR1. We’ll also be watching lot number 1327 closely as there is a whisper campaign underway that this Corvette is not what it seems. We’ll have more on that later.

The full list of Corvettes currently planned for Barrett-Jackson is after the jump. We’ve broken it down so you can see which day the Corvette will be sold. As always, check back throughout the week as we’ll have coverage and videos of selected Corvettes that were sold.

LOT # YEAR MAKE/MODEL STYLE AUCTION DAY
20 1982 CORVETTE COUPE JAN 15
27 1977 CORVETTE COUPE JAN 15
51 1978 CORVETTE INDY PACE CAR JAN 15
85 1978 CORVETTE INDY PACE CAR COUPE JAN 15
90 1995 CORVETTE INDY PACE CAR CONVERTIBLE JAN 15
304 1989 CORVETTE CONVERTIBLE JAN 16
314 1984 CORVETTE COUPE JAN 16
327 1984 CORVETTE COUPE JAN 16
338 1978 CORVETTE PACE CAR COUPE JAN 16
340 1985 CORVETTE COUPE JAN 16
345.1 1986 CORVETTE COUPE JAN 16
355 1991 CORVETTE COUPE JAN 16
385 1978 CORVETTE COUPE JAN 16
398 1990 CORVETTE ZR1 JAN 16
413 1973 CORVETTE COUPE JAN 16
416 1976 CORVETTE COUPE JAN 16
417 1966 CORVETTE CONVERTIBLE JAN 16
442 1965 CORVETTE CONVERTIBLE JAN 16
447 1968 CORVETTE CONVERTIBLE JAN 16
464 1966 CORVETTE CONVERTIBLE JAN 16
632 1995 CORVETTE CONVERTIBLE JAN 17
646.1 1986 CORVETTE COUPE JAN 17
654 1971 CORVETTE COUPE JAN 17
677.1 1969 CORVETTE COUPE JAN 17
689 1966 CORVETTE CONVERTIBLE JAN 17
690 1969 CORVETTE COUPE JAN 17
695.1 1969 CORVETTE CONVERTIBLE JAN 17
709 1963 CORVETTE CONVERTIBLE JAN 17
716 1967 CORVETTE COUPE GRAND SPORT RE-CREATION JAN 17
716.1 1966 CORVETTE CONVERTIBLE JAN 17
725.1 1966 CORVETTE COUPE JAN 17
728 1958 CORVETTE CONVERTIBLE JAN 17
742 1962 CORVETTE CUSTOM CONVERTIBLE JAN 17
743 1963 CORVETTE SPLIT WINDOW COUPE JAN 17
755 1969 CORVETTE CONVERTIBLE JAN 17
932 1964 CORVETTE COUPE JAN 18
956 1962 CORVETTE CONVERTIBLE JAN 18
960.1 1956 CORVETTE CONVERTIBLE JAN 18
961.1 1990 CORVETTE MARLBORO/PENSKE RM1 JAN 18
971 1961 CORVETTE CONVERTIBLE JAN 18
975.1 1966 CORVETTE COUPE JAN 18
980.1 1954 CORVETTE CONVERTIBLE JAN 18
988.1 1955 CORVETTE CONVERTIBLE RESTO-ROD JAN 18
990.1 1958 CORVETTE CONVERTIBLE JAN 18
991 1959 CORVETTE CONVERTIBLE JAN 18
992 1965 CORVETTE CONVERTIBLE JAN 18
992.1 1961 CORVETTE CONVERTIBLE JAN 18
1004.1 1954 CORVETTE CONVERTIBLE JAN 18
1009 1959 CORVETTE CUSTOM WIDEBODY CONVERTIBLE JAN 18
1013 1958 CORVETTE CONVERTIBLE JAN 18
1016.1 1966 CORVETTE CONVERTIBLE JAN 18
1023 1962 CORVETTE CONVERTIBLE JAN 18
1034 1967 CORVETTE CONVERTIBLE JAN 18
1037 1963 CORVETTE SPLIT WINDOW COUPE JAN 18
1045 1960 CORVETTE CONVERTIBLE JAN 18
1047 1967 CORVETTE COUPE JAN 18
1048 1962 CORVETTE CONVERTIBLE JAN 18
1056 1965 CORVETTE COUPE JAN 18
1058 1968 CORVETTE CUSTOM CONVERTIBLE JAN 18
1070 1969 CORVETTE CONVERTIBLE JAN 18
1228 1962 CORVETTE CONVERTIBLE JAN 19
1231.1 1958 CORVETTE CONVERTIBLE JAN 19
1232.1 2002 CORVETTE CUSTOM CONVERTIBLE JAN 19
1237 1966 CORVETTE COUPE JAN 19
1238 1959 CORVETTE CONVERTIBLE JAN 19
1242 1954 CORVETTE CONVERTIBLE JAN 19
1244.1 1960 CORVETTE CONVERTIBLE JAN 19
1258 1958 CORVETTE CONVERTIBLE JAN 19
1258.1 2008 CORVETTE Z06 COUPE JAN 19
1259 1954 CORVETTE CONVERTIBLE JAN 19
1263.1 1967 CORVETTE CONVERTIBLE JAN 19
1265.1 1973 CORVETTE "MUD BOGGER" JAN 19
1266 1957 CORVETTE CONVERTIBLE JAN 19
1267 1967 CORVETTE CONVERTIBLE JAN 19
1272 1958 CORVETTE CONVERTIBLE JAN 19
1273 1968 CORVETTE CONVERTIBLE JAN 19
1275.1 1962 CORVETTE CONVERTIBLE RE-CREATION JAN 19
1276 1957 CORVETTE CUSTOM CONVERTIBLE JAN 19
1277 1965 CORVETTE CUSTOM CONVERTIBLE JAN 19
1290 1971 CORVETTE COUPE ZR2 JAN 19
1304 1963 CORVETTE COUPE "RONDINE" CONCEPT CAR JAN 19
1316 2009 CORVETTE ZR1 COUPE JAN 19
1317 1957 CORVETTE CUSTOM CONVERTIBLE JAN 19
1327 1967 CORVETTE COUPE JAN 19
1327.1 1957 CORVETTE CUSTOM CONVERTIBLE JAN 19
1335 1960 CORVETTE CONVERTIBLE RE-CREATION JAN 19
1338.1 1966 CORVETTE CUSTOM COUPE JAN 19
1339 1967 CORVETTE CONVERTIBLE JAN 19
1346 1965 CORVETTE COUPE JAN 19
1351 1966 CORVETTE COUPE JAN 19
1353 1963 CORVETTE CONVERTIBLE JAN 19
1507 1987 CORVETTE COUPE JAN 20
1518 1982 CORVETTE COUPE COLLECTOR EDITION JAN 20
1523 1995 CORVETTE PACE CAR CONVERTIBLE JAN 20
1530.1 1969 CORVETTE L88 RE-CREATION JAN 20
1538 1958 CORVETTE CONVERTIBLE JAN 20
1566 1998 CORVETTE GTR ROADSTER JAN 20
1567 1998 CORVETTE INDIANAPOLIS 500 SHOW PACE CAR JAN 20
1571 2007 CORVETTE DAYTONA 500 PACE CAR RE-CREATION JAN 20
1573 2003 CORVETTE AVELATE CONVERTIBLE JAN 20
9003 1962 CORVETTE CONVERTIBLE CUSTOM RE-CREATION JAN 20
9011 1982 CORVETTE COUPE COLLECTORS EDITION JAN 20
9015 1962 CORVETTE CONVERTIBLE JAN 20
9019 1957 CORVETTE CONVERTIBLE JAN 20
9020 1965 CORVETTE CONVERTIBLE JAN 20
9021 1965 CORVETTE COUPE JAN 20


Source:
Barrett-Jackson Collector Car Auction

Related:
Rare Pininfarina Corvette Heading for Barrett-Jackson
First 2009 Corvette ZR1 Heading to Barrett-Jackson
2007 Barrett-Jackson: $14.1 Million in Corvette Sales

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Corvette Market’s C3 Find, Buy & Drive Adventure

by Keith Cornett on January 9, 2008

1969 Corvette ConvertibleKeith Martin and his staff at Corvette Market/Sports Car Market are putting out a call for a C3 Corvette and they need our help. Here is the deal: You find them a decent C3 Corvette to buy and if they decide that’s the one, they’ll wire the funds to the seller. They are looking for delivery as well so you’ll need to be able to drive the Corvette all the way or at least partially the way to their offices in Portland, Oregon.

The staff at Sports Car Market likes to keep half a dozen classic and collector cars on hand at any one time, driving them to shows and weekend cruises. They believe the C3 Corvette Market (1968-1982) represents some of the best Corvette values and adding a chrome-bumper C3 to the stable makes a lot of sense. However, not just any C3 Corvette will do as they are being specific in what they are looking for:

  • 1968-1972 Convertible
  • Matching numbers small block
  • 4-Speed manual transmission
  • Air conditioning
  • Quality condition

And to make things even more interesting, they have budgeted just $20,000 for you to make the deal, although they are willing to pay less. If you find and deliver the Corvette, they’ll put you up in a hotel for a couple of nights, show you the sights and even provide some cool swag like a Corvette Market hat and bag! But the biggest thrill may be seeing your C3 Corvette buying adventure immortalized in print for all the Collector car world to see.

So if you’ve got an early C3 in the garage or know where one can be had on the cheap, because they are looking for quality, then send an email to Keith Martin @ Corvette Market with the details. Click here for more specifics on Corvette Market’s C3 Find, Buy & Drive Adventure.


Source:
SportsCarMarket.com

Related:
Appreciating Corvettes: Top 12 Price Gainers of 2006
Corvette Values: 1969 Corvette Convertible

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Corvette Market’s Smart Auction Buys of 2007

by Keith Cornett on January 7, 2008

Editors from Keith Martin’s Corvette Market have analyzed and posted in a slideshow format what they consider to be the Top 10 Smart Corvette buys from various auctions held in 2007. We took a look at the list and agreed. It just goes to show you that if you are a buying a Corvette and you have knowledge and patience, you too can get a great deal on the Corvette of your dreams.

Corvette Market’s Top 10 Smart Corvette Buys:

1. 1960 Corvette Convertible – 283/230 – $55,000
2. 1957 Corvette Convertible – 283/283 – $76,650
3. 1963 Corvette Convertible – 327/365 FI – $67,100
4. 1966 Corvette Convertible – 327/350 – $50,400
5. 1968 Corvette Coupe – 427/390 – $25,998
6. 1957 Corvette Convertible – 283 fi – $99,000
7. 1969 Corvette Convertible – 427/390 – $38,850
8. 1961 Corvette Convertible – 283/270 – $110,000
9. 2001 Corvette Z06 – 13K Miles – $26,513
10. 1964 Corvette Coupe – 327/300 – $45,000

All of these Corvettes profiled on Corvette Market have both a description of the car as well as expert analysis on why it was selected for the Smart Buys list. If you’re into Corvettes for not only the fun and excitement they bring, but the financial rewards as well, consider subscribing to Keith Martin’s Corvette Market. We’re anxiously awaiting the next issue!


Source:
VetteMarket.com

Related:
Introducing Keith Martin’s Corvette Market Magazine

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