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ProTeam Corvette Opening Annex in Auburn

by Keith Cornett on May 30, 2006

ProTeam Corvettes, the largest classic Corvette dealer in the world, will be opening a 30,000 square foot showroom in Auburn, Indiana. The space will allow ProTeam to showcase between 70-100 Corvettes. The ProTeam annex will be located in the American heritage Village across from the Kruse International Auction Park.

“The annex will mirror what we’re doing in Napoleon,” said ProTeam President Terry Michaelis. “We’ll draw off each other’s inventories, selling from stock in both locations.”
ProTeam chose Auburn because of its proximity to the company’s headquarters in Napoleon, OH and Fort Wayne, IN, which is home to a large number of Corvette collections can enthusiasts. Another big selling point was the closeness of the Kruse International Auction Park.
Dean Kruse, President of Kruse International said, “We are enthused about having the world’s largest Corvette operation as part of our overall automotive complex. We hope that this expansion will greatly benefit ProTeam, and we are willing to do whatever to ensure his success in Auburn.”
ProTeam has assembled the largest collection of classic Corvettes for sale in the world with 150-200 Corvettes for sale at any one time. Their headquarters in Napoleon features 60,000 square feet of showrooms and restoration facilities. Click here to visit ProTeam Corvette Source: FortWayne.com
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2006 Corvette Model Year Ending

by Keith Cornett on May 21, 2006

The 2006 Corvette model year is wrapping up. The final day for dealers to access 2006 Corvette orders will be Tuesday, May 23rd. No additional 2006 orders may be accepted or changed after that date. Dealers should be receiving their final allocations of the 2006 model year. June 26 is slated to be the last production date of the 2006 model. 2007 Production orders are now being accepted. Click here to view the
2007 Corvette Ordering Guide (.pdf) Source: Ken Fichtner’s Newsletter

Featured Corvettes at VetteFinders.com

by Keith Cornett on May 12, 2006

With summer just a month away, now is the time to find that Corvette you’ve been dreaming about and there is no better place to find Corvettes for sale than VetteFinders.com. The following six cars were highlighted in our May Featured Corvettes Newsletter which is just a small sampling of the 500+ Corvettes now available:

1954 Convertible
$65,000
1967 Convertible
$57,900
1982 CE Coupe
$13,000
 
1996 CE Coupe
$23,500
2002 Z06
$32,100
2006 Coupe
$57,220
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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Auction Results: Kansas City Dream Classic

by Keith Cornett on May 9, 2006

Mecum Collector Car Auctioneers held their annual Spring Kansas City Dream Classic Auction on April 28th and 29th in Kansas City. Over 250 cars crossed the auction block including 22 Corvettes. Of the Corvettes, 14 sold. Notable Corvettes included a rare 1954 which sold for $66,150 while two C3′s, a 1976 and 1978, sold for $6,500. Auction Results:

Lot # Year Description Sales Price Status
S5261954CHEVROLET CORVETTE WHITE$66,150Sold
S311961CHEVROLET CORVETTE RED$60,000Bid
S591963CHEVROLET CORVETTE L-75 BLUE$50,400Sold
S801963CHEVROLET CORVETTE RED$28,350Sold
S5331965CHEVROLET CORVETTE SILVER$45,675Sold
S471967CHEVROLET CORVETTE MAROON$64,000Bid
F191968CHEVROLET CORVETTE RED$24,000Bid
S631968CHEVROLET CORVETTE RED$25,200Sold
S251969CHEVROLET CORVETTE BLACK$33,500Bid
S5541969CHEVROLET CORVETTE BLACK$33,500Bid
S5211971CHEVROLET CORVETTE RED$30,450Sold
F811972CHEVROLET CORVETTE WHITE$18,060Sold
F161973CHEVROLET CORVETTE BLUE$20,500Bid
S701973CHEVROLET CORVETTE BLUE$21,525Sold
F791976CHEVROLET CORVETTE SILVER$6,500Sold
F891978CHEVROLET CORVETTE SILVER$6,500Sold
S231978CHEVROLET CORVETTE SILVER$11,000Bid
F201979CHEVROLET CORVETTE RED$8,600Sold
F771981CHEVROLET CORVETTE MAROON$12,600Sold
S5121992CHEVROLET CORVETTE BLACK$31,000Bid
S901994CHEVROLET CORVETTE WHITE$16,800Sold
S191997CHEVROLET CORVETTE RED$23,888Sold
Source: Mecum Collector Car Auctioneers
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Corvette Values: 1966 Corvette Convertible

by Keith Cornett on May 8, 2006

KF of South Carolina submitted this 1966 Convertible to Corvette Values: 1966 Corvette Convertible, VIN 194676S1108XX. Recent “Frame-Up” Restoration including new Nassau Blue (original color), rebuild of the original 327 ci 300 hp engine, new suspension and new disc brakes front and back. Options include 4-Speed transmission, posi, AM/FM radio with power antenna and a teak steering wheel. Car is in excellent, show condition and won best of class at local car show. Interior is all new and all gauges work properly. Restored hard top. Corvette is mechanically sound and drives great. Corvette has 51,000 miles. This 1966 Corvette Roadster, VIN# 194676S1108XX has had a recent “frame-up” restoration. The restoration included a Nassau Blue repaint, Nassau Blue being the original color. It was the most popular of all paint colors for the 1966 Corvette model year. This exterior paint is termed in “show-Ready” condition documented by a “Best in Class” award at a local car show. The interior has a new dark blue vinyl seat coverings, a newly installed White convertible top, and restored dash dials, radio and clock all in working order. This 1966 Roadster is powered by the original, matching numbers base 327-300 motor that is coupled with a 4-speed manual transmission. The front and rear suspension has been rebuilt and new disc brakes were added, front and rear. The mileage shown on the odometer is 51,000 which is considered low for a 40 year old car. Options on this Corvette are minimal, however, they include a restored removable hardtop, teakwood steering wheel, and Positraction rear axle and AM/FM radio with a power antenna that is functional. The tires appear to be new and the wheels have the correct standard wheel covers. We place a value of $49,000 on this 1966 Corvette Roadster. During the past year, this model and body style Corvette has shown a 3% appreciation factor. Submissions:
Send your submissions to info@CorvetteBlogger.com with “Corvette Values” in the subject line. We can’t answer them all, but if we find your Corvette interesting to both us and our visitors, we may use it. Feel free to submit a photo as well.
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Featured Corvettes at VetteFinders.com

by Keith Cornett on April 21, 2006

The prime Corvette selling season is underway and our classified ads site VetteFinders.com currently has over 500 Corvettes for sale. The following six cars were highlighted in our April Featured Corvettes Newsletter which contains 18 of the hundreds of Corvettes we have available:

1958 Convertible
$59,995
1963 Coupe
$65,000
1968 Convertible
$22,500
 
1993 40th Coupe
$19,000
1998 Convertible
$27,500
2006 Coupe
$52,690
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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Corvette Values: 1968 Corvette Convertible

by Keith Cornett on April 10, 2006

RP from NJ submitted the following to Corvette Values: 1968 Convertible. VIN 194678S4000XX. Repainted Burgundy. Black vinyl interior. 33,500 miles on a non-original 350/350 engine and 4-speed transmission. Corvette has power steering, power brakes and telescopic steering column. No documentation. Car is in average, good street driven condition.
This Corvette was built early in the 1968 model year, in fact during the first month of production in September 1967. It is reported to have 33,500 miles on the odometer. It’s powered by a non-original 350/350 engine coupled with a manual 4-speed transmission. The engine compartment is clean and has the correct air cleaner and ignition shielding. The non-original Burgundy paint and Black vinyl interior are classified as being in good condition and, with the chrome bumpers and wheel trim, present an attractive profile. The body panels and interior are “stock” with no modifications. Also, the Black convertible top and rear window are in good condition as are the front and rear chrome bumpers. The wheels are correct including he wheel trim and center caps. Factory options include power steering and brakes as well as a telescopic steering column. These “comfort” options are desirable. We place a value of $19,500 on this 1968 Corvette Convertible. From a substantiation perspective, one in similar condition sold at the Mecum Classic and Collector Car Auction in Orlando last January for $19,500. Of interest is the one year appreciation factor in average price on the 1968 Corvette Convertible which is 10%. Submissions:
Send your submissions to info@CorvetteBlogger.com with “Corvette Values” in the subject line. We can’t answer them all, but if we find your Corvette interesting to both us and our visitors, we may use it. Feel free to submit a photo as well.
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Barrett-Jackson Corvette Sales Top $6.5 Million

by Keith Cornett on April 3, 2006

83 Corvettes rolled across the auction block at the Barrett Jackson Palm Beach Spring Event last weekend bringing in a sales total just over $6.5 million dollars. A sales commission of 8% is factored into our totals as published at the Barrett-Jackson website. The highest selling Corvette was a 1967 Marina Blue 427/435 hp coupe with 33,780 documented miles. It sold for $259,200. Two other Corvettes also broke the $200k level. A Penant Blue 1954 Corvette sold for $237,600 and a 1958 Fuel Injected White/Silver convertible sold for $205.200. Complete Results:

Lot # Year Description Sales Price
389 1954 CHEVROLET CORVETTE CONVERTIBLE $70,200.00
645.1 1954 CHEVROLET CORVETTE CONVERTIBLE $92,880.00
648 1954 CHEVROLET CORVETTE CONVERTIBLE $83,160.00
652 1954 CHEVROLET CORVETTE CONVERTIBLE $237,600.00
374.1 1955 CHEVROLET CORVETTE CONVERTIBLE $60,480.00
401 1957 CHEVROLET CORVETTE FI CONVERTIBLE $162,000.00
662 1957 CHEVROLET CORVETTE CONVERTIBLE $96,120.00
369 1958 CHEVROLET CORVETTE CONVERTIBLE $153,360.00
713 1958 CHEVROLET CORVETTE FI CONVERTIBLE $205,200.00
718 1958 CHEVROLET CORVETTE CUSTOM CONVERTIBLE $103,680.00
669 1959 CHEVROLET CORVETTE CONVERTIBLE $87,480.00
698 1959 CHEVROLET CORVETTE CONVERTIBLE $84,240.00
365 1960 CHEVROLET CORVETTE CONVERTIBLE $66,960.00
735 1960 CHEVROLET CORVETTE FI CONVERTIBLE $172,800.00
692 1962 CHEVROLET CORVETTE CONVERTIBLE $91,800.00
719.1 1962 CHEVROLET CORVETTE FI CONVERTIBLE $137,160.00
78.1 1963 CHEVROLET CORVETTE 327/300 CONVERTIBLE $43,200.00
375.1 1963 CHEVROLET CORVETTE FI CONVERTIBLE $70,200.00
390 1963 CHEVROLET CORVETTE FI CONVERTIBLE $91,800.00
426 1963 CHEVROLET CORVETTE 327/350 CONVERTIBLE $39,960.00
675 1963 CHEVROLET CORVETTE FI CONVERTIBLE $60,480.00
679 1963 CHEVROLET CORVETTE 327/340 SPLIT WINDOW $72,360.00
701 1963 CHEVROLET CORVETTE FI CONVERTIBLE $79,920.00
734 1963 CHEVROLET CORVETTE RACECAR ZO6 CLONE $66,960.00
747 1963 CHEVROLET CORVETTE SPLIT WINDOW COUPE $64,800.00
351 1964 CHEVROLET CORVETTE 327/300 COUPE $55,080.00
368.1 1964 CHEVROLET CORVETTE STINGRAY COUPE $49,680.00
752 1964 CHEVROLET CORVETTE 327/300 COUPE $48,600.00
118.1 1965 CHEVROLET CORVETTE 327/300 COUPE $42,120.00
377 1965 CHEVROLET CORVETTE 327/350 COUPE $68,040.00
50 1966 CHEVROLET CORVETTE COUPE $43,200.00
67.1 1966 CHEVROLET CORVETTE 327 CONVERTIBLE $32,400.00
87 1966 CHEVROLET CORVETTE 327/350 CONVERTIBLE $44,820.00
362 1966 CHEVROLET CORVETTE 327/300 CONVERTIBLE $43,200.00
373.1 1966 CHEVROLET CORVETTE 327 CONVERTIBLE $57,240.00
379 1966 CHEVROLET CORVETTE 427/390 CONVERTIBLE $83,160.00
385.1 1966 CHEVROLET CORVETTE CONVERTIBLE $75,600.00
396 1966 CHEVROLET CORVETTE 427/425 CONVERTIBLE $108,000.00
406 1966 CHEVROLET CORVETTE 327/350 CONVERTIBLE $56,160.00
629 1966 CHEVROLET CORVETTE 327/300 CONVERTIBLE $50,760.00
630.1 1966 CHEVROLET CORVETTE 427 COUPE $64,800.00
635 1966 CHEVROLET CORVETTE CONVERTIBLE $103,680.00
637 1966 CHEVROLET CORVETTE CONVERTIBLE $79,920.00
655 1966 CHEVROLET CORVETTE 427/450 COUPE $156,600.00
707 1966 CHEVROLET CORVETTE 427/425 CONVERTIBLE $163,080.00
714 1966 CHEVROLET CORVETTE 427/450 CONVERTIBLE $140,400.00
382 1967 CHEVROLET CORVETTE 327/300 CONVERTIBLE $75,600.00
400 1967 CHEVROLET CORVETTE CONVERTIBLE STINGRAY $52,920.00
642.1 1967 CHEVROLET CORVETTE 427/435 CONVERTIBLE $99,360.00
653 1967 CHEVROLET CORVETTE 427/400 CONVERTIBLE $189,000.00
659.1 1967 CHEVROLET CORVETTE 427/435 COUPE $259,200.00
663 1967 CHEVROLET CORVETTE 427/400 COUPE $151,200.00
678 1967 CHEVROLET CORVETTE 327 CONVERTIBLE $75,600.00
687 1967 CHEVROLET CORVETTE 427/435 COUPE $154,440.00
690 1967 CHEVROLET CORVETTE 427/400 CONVERTIBLE $132,840.00
704.1 1967 CHEVROLET CORVETTE 427/390 CONVERTIBLE $124,200.00
711 1967 CHEVROLET CORVETTE 427/400 CONVERTIBLE $191,160.00
717 1967 CHEVROLET CORVETTE 427/435 CONVERTIBLE $113,400.00
745 1967 CHEVROLET CORVETTE 427/390 COUPE $48,600.00
672 1968 CHEVROLET CORVETTE 427/390 COUPE $52,380.00
330.1 1969 CHEVROLET CORVETTE COUPE $20,520.00
421 1969 CHEVROLET CORVETTE 427/390 COUPE $41,040.00
639 1969 CHEVROLET CORVETTE CONVERTIBLE $77,760.00
769 1969 CHEVROLET CORVETTE 427/390 CONVERTIBL $47,520.00
63.1 1971 CHEVROLET CORVETTE CONVERTIBLE $41,040.00
107 1971 CHEVROLET CORVETTE COUPE $39,420.00
313 1971 CHEVROLET CORVETTE CONVERTIBLE $23,220.00
56.1 1972 CHEVROLET CORVETTE CONVERTIBLE $30,780.00
132 1973 CHEVROLET CORVETTE COUPE $21,600.00
324 1978 CHEVROLET CORVETTE COUPE $32,400.00
327.1 1978 CHEVROLET CORVETTE PACE CAR COUPE $22,140.00
70 1982 CHEVROLET CORVETTE COLLECTOR EDITION $16,200.00
613.1 1982 CHEVROLET CORVETTE COUPE $22,680.00
439 1986 CHEVROLET CORVETTE PACE CAR CONVERTIBLE $22,140.00
425 1990 CHEVROLET CORVETTE ZR-1 $43,200.00
615.1 1990 CHEVROLET CORVETTE ZR-1 COUPE $30,240.00
756 1990 CHEVROLET CORVETTE ZR-1 COUPE $27,000.00
125 1991 CHEVROLET CORVETTE ZR-1 COUPE $32,400.00
330 1996 CHEVROLET CORVETTE CONVERTIBLE $20,520.00
613 1998 CHEVROLET CORVETTE INDY PACE CAR  $32,400.00
731 2000 CHEVROLET CORVETTE ROLEX 24HR PACE CAR $48,600.00
395 2002 CHEVROLET CORVETTE AVALATE CUSTOM SPLIT  $54,000.00
730 2003 CHEVROLET CORVETTE 50TH ANNIVERSARY  $26,460.00
    
Total Sales:$6,554,520.00
Source: Barrett-Jackson.com
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80 Corvettes At No Reserve

by Keith Cornett on March 30, 2006

Barrett Jackson’s 4th Annual Palm Beach Collector Car Auction begins today and once again the high profile event has attracted 80+ highly collectable Corvettes to be sold at no reserve. Included in the list of Corvettes is an NCRS Top Flight-winning white 1954 Corvette convertible with matching numbers and a 235 ci Blue Flame 6-cylinder engine. Click here to see the entire listing of Corvettes for Sale. The auction will be televised on SPEED with taped coverage beginning at 6pm today and tomorrow and live coverage happening most of Saturday, April 1st. Check back after the auction for an update on the selling prices.
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Originality vs Over-Restored

by Keith Cornett on March 27, 2006

Last week at VetteFinders.com, our Corvette classifieds and appraisals website, we received an order to appraise the value of a 1965 Corvette coupe. Usually, this is a fairly easy process and the owner of the car provided very complete answers to the questionnaire that we require which allows us to place an approximate value on such a car. First, here are some details of this 65 Coupe: 1965 Coupe, VIN 194375S123XXX. Blue with Blue interior (not original colors), Body off restored in 2005. 396 ci 425 hp, 4-Speed transmission. Power Steering, Brakes, Windows. Factory Side Exhaust, Knock-Offs. Telescopic Steering Column. Also the following RPO’s: A01, A31, F40, G81,J 50, K66, L78, M20, N14, N32, N36, P48, T01, U69. Car is in “Excellent, Show Condition” and has won the following awards: Second Flight NCRS, Bloomington Silver. No owner history was available including any original ordering and delivery documents. This coupe was loaded with desirable options. Among them are power steering, brakes and windows, as well as a telescopic steering column and teak steering wheel. It is equipped with the F-40 special front and rear suspension, knock off wheels and side mounted exhaust. These three options are classified as “rare” with less than five percent of the 1965 models built with these options. Sounds like a great coupe, right? Catch the last line of the description? “No Owner History Available”. And that’s a serious issue we have when it comes to correctly appraising a classic Corvette. Corvettes are a hot commodity these days. Most Mid-Year Corvettes have yearly double digit appreciations and buyers are paying premiums for big block motors and rare options. If you’ve watched the Barrett-Jackson auction over the last couple of years you understand what I am saying. Unfortunately, in a hot market, one of the first casualties is Originality. I’m not talking numbers matching originality. I’m not talking NCRS originality. I’m talking about how THAT particular Corvette was equipped when it rolled down the assembly line and was delivered from the Chevrolet dealership to the first owner. It was only in 1967 that Chevrolet started including build sheets on top of the gas tanks that showed how that Corvette was equipped when it was assembled. If you are buying a pre-67 Corvette, the most important documentation you can have is the window sticker or sales documentation which included the options for that particular car. Many owners were smart and held on to these documents and passed them on to the new owner when the Corvette was sold. There is a joke about the 1967 L88 Corvettes. Chevrolet only produced 16 of them, but there are at least 20 in existence. Some restorers were able to recreate the magic of the L88 and even without having the documentation to prove it was originally an L88, there are people ready to buy into the lie and pay the bucks to acquire such a “rare” corvette. If there were 100 L88 Corvettes available in the marketplace, what does that do the values and uniqueness of the original 16? When doing a frame-off restoration, it is easy is it to add options that originally were not on the Corvette when it was assembled. Options that would add “rare” to the description. And when the restoration is complete, the owner goes out and gets the Corvette certified through the NCRS and Bloomington so that when it hits the auction block, he gets his premium. As our appraiser started working on the substantiation for our 1965 Coupe, he first believed he had a $100,000+ car. But the more he researched and reviewed the photos, not everything was as it appeared. So we had a conversation with the owner. He claimed he had spent over $100,000 in the restoration of the Coupe and wanted us to provide an appraisal for that amount for his insurance. I told him our concerns over the lack of documentation and how that plays a role in valuations, but he didn’t care. He had just received Second Flight status from NCRS and a Silver award at Bloomington and was preparing the car for Top Flight and Gold and eventually a Duntov award. We don’t know if options were added during the restoration, but without the documented history of the Corvette, we could never justify the number he felt he needed, so we refunded his appraisal order and suggested he look elsewhere. Over-restoring a Corvette seems to be acceptable in a hot market, but at some point the classic car market will cool as it did in the late 80’s and those that buy these cars will be left hanging in the wind as the marketplace corrects itself and the speculators move on to the next great money-making idea. This experience has me thinking about the future of Classic Corvettes. What will happen to market values and the hobby overall when anyone with enough money can build a Corvette with whatever options he feels is profitable? What would be the point of sharing the documented history of a car if in the end it doesn’t matter? All of us involved with Corvettes have a vested interest in trying to preserve what constitutes Originality not only from a Numbers-Matching issue, but from preserving the Corvette as it passes from owner to owner.
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