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Depreciating Corvettes: Top 12 Price Declines of 2006

by Keith Cornett on February 8, 2007

The depreciation chart starts with the 2006 C6 generation – certainly no surprise. The double digit depreciation is the norm for a new Corvette that has been on the street for more than two years. The same holds true for the last of the C5 models, 2004 Corvettes. Evidently there is not a “last model” mystic for the C5 generation yet.

TOP DEPRECIATION MODELS
Year Model % Change Average Price
2006 Coupe -15% $43,500
2006 Roadster -14% $51,500
2005 Roadster -13% $48,000
1999 Hardtop -12% $19,000
2005 Coupe -11% $39,500
2000 Roadster -8% $25,800
2000 Hardtop -8% $20,800
2001 Roadster -7% $28,000
2003 Roadster -7% $35,500
2003 50th Roadster -6% $38,000
2004 Coupe -6% $34,000
2004 Roadster -6% $38,500
1999 Corvette HardtopThe early hardtops, 1999 and 2000 made the list with their special body style without any performance enhancements, as well as no removable top options. This ties in with the fact that no Z06’s made the depreciation list this year. Adding performance to the hardtop made a big difference from a resale perspective.
2003 50th Anniversary RoadsterThe 2003 Anniversary Roadster made the depreciation chart this year showing a -6% factor in average resale price. As one may recall, the 2003 Anniversary model was available in a Coupe and a Roadster at an add-on price of $5,000 for the Anniversary package that included the preferred equipment group and F-55 Magnetic Selection Ride Control. Had these two options been ordered on a non-anniversary model, the price tag would have been $2,895, making the true cost of the Anniversary package $2,105. The production for the Anniversary Roadster was 7,547 units and the Coupe at 4,085. The 2003 Anniversary Coupe is showing a 5% depreciation in average price. The difference can be related to the Coupe being the rarer of the two models with less production numbers. Bottom Line: Compared to one year ago, the C5 Corvettes show a lesser degree of depreciation. These models are a truly outstanding buy in today’s resale market considering their performance, handling and comfort/convenience features. Tomorrow, we’ll conclude our annual Corvette pricing series by taking a look at the Corvette generational pricing highlights of 2006. The 2007 Corvette Price Guide contains data from the sales of over 5,800 Corvettes from last year to give us the High, Low, and Average prices of all Corvette model years and body styles. The guide also contains appreciation and depreciation figures for One, Two and Five years, as well as pricing for options including motors, wheels and A/C. Available now for $20 through the VetteFinders.com online store. Shipping is now free.
Source:
VetteFinders.com
Data Provided by Vette-N-Vestments Related:
Appreciating Corvettes: Top 12 Price Gainers of 2006
VetteFinders.com Releases Annual Corvette Price Guide Technorati Tags:
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Appreciating Corvettes: Top 12 Price Gainers of 2006

by Keith Cornett on February 7, 2007

Corvette continues with another great year that ended on December 31, 2006. The new models continued to impress the consumers with media recognition and numerous awards. In the Corvette resale arena, once again our concept of “Vette-N-Vestments” continued to move up the model years with positive results in average price. As shown in our 2007 Corvette Price Guide, positive results convey through the third generation Corvettes, 1953-1982. The fourth generation Corvettes, 1984-1996, there are 30 of the 38 models showing no change or positive results in resale value appreciation. The good news continues with the fifth generation Corvettes, 1997-2004 with three models showing positive results and two reflecting no change compared to none in this classification one year ago.

TOP APPRECIATION MODELS
Year Model % Change Average Price
1968 T-Top 17% $19,500
1973 T-Top 16% $13,900
1954 Roadster 15% $50,600
1971 T-Top 15% $19,500
1971 Roadster 15% $23,500
1963 Roadster 13% $36,000
1970 T-Top 13% $21,300
1958 Roadster 12% $46,200
1962 Roadster 12% $45,000
1965 Coupe 12% $38,300
1965 Roadster 12% $40,200
1966 Roadster 12% $44,000
Once again we have identified the top Corvettes from an average price appreciation perspective. We had previously called this our “Top Ten” Chart, however, it has now been increased to TWELVE based on five models showing an appreciation of 12%. Of interest is the generation spread on the “Top 12 Appreciation Chart”. The chart covers three generations of Corvettes with the results rather evenly spread among them. Most likely the reason for new arrivals on the chart is that the Corvette enthusiast, both new and old, have realized they can be the proud owner of a Corvette regardless of price, year or body style. It is quite apparent that pre-1984 models continue to appreciate. Many of today’s buyers do not have the funds to step up to the 1953-1967 models so they are “investing” in the 1968-1982 models with many of these showing appreciation levels comparable to the S&P Stock Market Index. Should there be a market correction in the near future, these owners will still know they have the satisfaction of driving their investment. 1968 T-Top CorvetteHeading the top of the average appreciation chart is the 1968 Corvette T-Top at 17% average appreciation over a year ago. The 1968 T-Top has made our “Top Ten” list for the past three years. The two year appreciation factor for this model was 31% and the five year growth was at 63% – certainly better than the market in almost any regard. Adding to the interest in the 1968 T-Top is the long list of optional motors available, including the very collectable L- 88, 427/430 of which only 80 units were built. Close behind is the L-89 with the aluminum heads for the 427/435 motor. Only 624 of these were built. One may wonder why the 1969 model did not make the top appreciation list this year since it is virtually the same body style as the 1968 models along with the same motor options. Historically, buyers initially stayed away from the 1968 model year in part due to the numerous engineering changes/modifications that were incorporated into the 1969 model year. That is changing. In recent years we had noted a run-up in 1969 model year prices and these prices stabilized this year, so no record appreciation growth for the 1969 models in 2006. 1973 T-Top CorvetteThe number two appreciation spot was somewhat of a surprise showing the 1973 T-Top at 16%. Evidently the new front bumper treatment that makes the 1973 model unique coupled with its traditional rear chrome bumpers and new front end had not been a problem for consumers in the recent resale market. This model still remains priced at $5,000 below its T-Top predecessors.
1954 Corvette RoadsterHolding down third position was one of the early models, a 1954 Roadster, always a classic. For a number of years, the appreciation factor of this model was at a minimum. Our 2004 and 2005 Price Guides showed the average price for the 1954 Roadster to be in the mid to upper thirties. One year ago it made the top ten list showing a 12% appreciation factor at $43,900. This year it has broken the $50,000 threshold at $50,600. With the 1953 “look-alike” selling at an average price of over $100,000, the 1954 model, available in a number of rare colors, has whet the appetite of first generation enthusiasts. 1971 T-Top CorvetteThe appreciation chart continues with the 1971 T-Top and Roadster along with the 1970 T-Top. Again the collectability and appreciation factor of the early models of the third generation Corvette is being realized by the consumer, consequently the average resale price is being driven to record levels. The word on the street is, “if it has a chrome bumper, buy it!”
1958 Corvette RoadsterAnother perennial contender on the appreciation chart is the 1958 Corvette with its unique, one year only, louvered hood and dual chrome strip on the trunk lid. When introduced, the media had mixed emotions on the new body style. It was a ‘love it’ or ‘hate it’ affair. Today it seems the Corvette enthusiast is more interested in ‘love’.
1962 Corvette RoadsterThe 1962 Corvette, last of the solid axle Corvettes, reappears on the appreciation chart. The last year mystic of its generation was instrumental in its appearance on the list again this year. Evidently the same desire shown the 1967 model in the mid-year generation is bringing buyers to the 1962 model, last of its generation. Speaking of mid-years, the appreciation chart closes out with three of these classics represented. These models have been under-priced when compared to the 1967 models. They too, offer several high performance motors and rare options to entice buyers in the resale market. Tomorrow, we’ll post our list of Corvettes with the highest depreciation. The 2007 Corvette Price Guide contains data from the sales of over 5,800 Corvettes from last year to give us the High, Low, and Average prices of all Corvette model years and body styles. The guide also contains appreciation and depreciation figures for One, Two and Five years, as well as pricing for options including motors, wheels and A/C. Available now for $20 through the VetteFinders.com online store. Shipping is now free.
Source:
VetteFinders.com
Data Provided by Vette-N-Vestments Related:
VetteFinders.com Releases Annual Corvette Price Guide Technorati Tags:
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VetteFinders.com Releases Annual Corvette Price Guide

by Keith Cornett on February 6, 2007

2007 Corvette Price GuideOur Corvette classifieds website VetteFinders.com has released the annual Corvette Pricing Guide and later this week, I will be posting an analysis of the Corvette Pricing Trends from 2006 on CorvetteBlogger.com. This year marks the 7th annual release of Corvette pricing data and it remains a feature unique to VetteFinders.com in the online Corvette classified’s arena. The 2007 Corvette Price Guide contains data from the sales of over 5,800 Corvettes from last year to give us the High, Low, and Average prices of all Corvette model years and body styles. The guide also contains appreciation and depreciation figures for One, Two and Five years, as well as pricing for options including motors, wheels and A/C. The online version features the average prices of over 115 different Corvette models spanning 1953-2007. The printed version, which contains High/Low and Average prices as well as appreciation/depreciation percentages is available for $20 and can be purchased through the VetteFinders.com online store. Shipping is now free. The top appreciation gainers include the 1968 T-Top Corvette, which grew in value over 2005’s prices by 17% and the 1973 T-Top Corvette, whose prices averaged 16% over the previous year. The 1968 T-Top has made our “Top Ten” list for the past three years. The two year appreciation factor for this model was 31% and the five year growth was at 63% – certainly better than the market in almost any regard. The number two appreciation spot was somewhat of a surprise showing the 1973 T-Top at 16%. Evidently the new front bumper treatment that makes the 1973 model unique coupled with its traditional rear chrome bumpers and new front end had not been a problem for consumers in the recent resale market. This model still remains priced at $5,000 below its T-Top predecessors. We’ll have more on the top models from both an appreciation and depreciation perspective later this week. Data from the price guide comes from analyzing the selling prices of over 5,800 Corvettes during 2006 and then comparing the sales figures to years prior. That method has proven to be a statistically accurate measure of the Corvette Market. Bob Kroupa of Vette-N-Vestments, is the data provider for the annual guide and publisher of the monthly Corvette Market Letter. Regarding this year’s analysis, Bob said “In the Corvette resale arena, once again our concept of “Vette-N-Vestments” continued to move up the model years with positive results in average price. In fact, all models from 1953-1982 show positive growth in values over the previous year.”
Source:
VetteFinders.com
Data Provided by Vette-N-Vestments Related:
Gathering Pricing Knowledge Technorati Tags:
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January 2007 Corvette Sales

by Keith Cornett on February 2, 2007

In the month of January, Corvette sales declined significantly from December and are down as well in the year to year number. 2,234 Corvettes were sold in the month of January 2007, 847 cars less than the 3,081 Corvettes in December 2006 and 345 cars less than January 2006′s total of 2,579. While the December to January sales decline looks like a large drop, historically we find that sales of Corvettes in January are much lower than what they were at the end of the calendar year. Each month we will add the sales figures to the graph below and carry it over to each new report.

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%

Source:
General Motors Related:
December 2006 Corvette Sales Technorati Tags:
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Correction: Gus Grissom Corvette Sold for $275,000

by Keith Cornett on January 26, 2007

Just a quick note to explain our correction on the price that was fetched when Gus Grissom’s 1967 Red Corvette Convertible was sold last weekend at the Russo and Steele Auction in Scottsdale. Earlier this week I called the offices of Russo and Steele and spoke with a representative. I inquired about the price the Grissom Corvette sold for and sales figure I was given was $232,500. I asked a few more questions about the sale and the presentation, and then posted our account of the sale. When reviewing the Russo and Steele results list of the Scottsdale auction, the Final Bid price for the Grissom Corvette was listed at $275,000. I called their offices on Thursday for clarification and was told that the amount we were originally provided was actually the “potential” amount the seller received after the seller’s commission was factored. The actual gavel price was $250,000 and with a buyer’s commission of 10%, the total sales price amounted to $275,000. I apologize for any confusion.
Source:
Russo & Steele Related:
Gus Grissom’s 1967 427 Corvette Sells at Russo & Steele Technorati Tags:
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Led by a lineup the included Gus Grissom’s 1967 427 Corvette and a bevy of big blocks, the Russo and Steele Scottsdale action totaled $2,249,500 in Corvette sales. Twenty-four Corvette crossed the auction block over the two day event. Several Resto-Rods were included in this auction. These are classic Corvettes built on modern or fabricated chassis that are usually powered by a crate or later model Chevrolet engine like an LS1. These Corvettes are becoming a common site at auctions as more are being built and then resold. Here are the total Corvette results from Russo and Steele Scottsdale 2007:

Year Description Sales Price
1957 Chevrolet Corvette FI
$93,500.00
1959 Chevrolet Corvette Resto-Rod
$82,500.00
1961 Chevrolet Corvette FI Resto-Rod
$90,750.00
1962 Chevrolet Corvette 327/340
$53,900.00
1962 Chevrolet Corvette 327/300
$50,050.00
1963 Chevrolet Corvette FI Custom
$132,000.00
1966 Chevrolet Corvette 427/ 425HP
$137,500.00
1966 Chevrolet Corvette 427/425
$122,100.00
1966 Chevrolet Corvette 427/425
$99,000.00
1966 Chevrolet Corvette 427/425
$94,600.00
1966 Chevrolet Corvette 327/300
$50,600.00
1967 Chevrolet Corvette Gus Grissom 427
$275,000.00
1967 Chevrolet Corvette 427/435
$181,500.00
1967 Chevrolet Corvette 427/435
$117,700.00
1967 Chevrolet Corvette 427/435
$103,950.00
1967 Chevrolet Corvette 454/550
$52,800.00
1968 Chevrolet Corvette 427/390
$42,900.00
1969 Chevrolet Corvette 427 Duntov
$141,900.00
1969 Chevrolet Corvette 427/435
$93,500.00
1969 Chevrolet Corvette 427/390
$55,000.00
1972 Chevrolet Corvette LT-1
$45,100.00
1982 Chevrolet Corvette Collector’s Edt.
$17,050.00
1992 Chevrolet Corvette Lister
$38,500.00
2001 Chevrolet Corvette Resto-53
$78,100.00
   
Total Sales: $2,249,500.00
Russo and Steele’s next auction takes place in Monterey, California on August 17th & 18th, 2007.
Source:
Russo and Steele Related:
Barrett-Jackson: $14.1 Million in Corvette Sales Technorati Tags:
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Gus Grissom’s 1967 427 Corvette Sells at Russo & Steele

by Keith Cornett on January 23, 2007

Gus Grissom's 1967 Corvette

A week shy of the 40th anniversary of his death, NASA astronaut Gus Grissom’s beloved 1967 427 Corvette Convertible sold at the Russo and Steele auction in Scottsdale, Arizona for $275,000. Preceeding the sale of the Corvette was a multimedia presentation about Grissom, the first astronaut to fly into space twice and one of the first to die in the US Space Program. The Corvette was listed with no reserve and was sold on Saturday night to a local Arizona resident. A 10% buyer’s commission is included in the sales total.

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Barrett-Jackson: $14.1 Million in Corvette Sales

by Keith Cornett on January 22, 2007

Barrett-Jackson once again proves they are the leader in Corvette auctions. 142 Corvettes crossed the sales platform during the six day auction that combined for a total of $14,127,485 in Corvette sales. The buyers commission is factored into the sales totals for each Corvette. Commissions were 10% or 12% if the buyer wasn’t present at the auction. All sales totals are listed as published at the Barrett-Jackson website. The $14.1 million in Corvette sales was nearly $1.5 million more than last year’s auction total of $12.7 million. This year’s auction had 41 more Corvettes (142 total) than last year’s total of 101 Corvettes. The Corvette with the top sales price was the 1967 Corvette Coupe known as The Last Sting Ray. The L36 427/390 Coupe sold for $660,000. The two 1963 Split Window Coupe Tankers were sold together for $561,000 and rounding out third on the top selling Corvette list was a highly documented 1953 Corvette that sold for $298,350. Other notables included: A 1969 L88 Coupe with full documentation sold for $240,000.
The 1967 Yenko Corvette Convertible sold for $231,000
A 1957 Corvette dubbed “The Best ’57 Fuelie” sold for $258,000 Complete Results for Corvettes at Barrett-Jackson Auction:

Lot # Year Description Sales Price
12941953CHEVROLET CORVETTE CONVERTIBLE $298,350.00
12161954CHEVROLET CORVETTE CUSTOM CONVERTIBLE $68,200.00
871954CHEVROLET CORVETTE CONVERTIBLE $88,000.00
13551954CHEVROLET CORVETTE CONVERTIBLE $88,000.00
12591954CHEVROLET CORVETTE CONVERTIBLE $106,700.00
9981954CHEVROLET CORVETTE CONVERTIBLE $110,000.00
9441955CHEVROLET CORVETTE CONVERTIBLE $84,700.00
13641955CHEVROLET CORVETTE CONVERTIBLE $137,500.00
3861956CHEVROLET CORVETTE CONVERTIBLE $69,300.00
7221957CHEVROLET CORVETTE CONVERTIBLE $77,000.00
1250.11957CHEVROLET CORVETTE CONVERTIBLE $104,500.00
13511957CHEVROLET CORVETTE FI CONVERTIBLE $134,750.00
10071957CHEVROLET CORVETTE CONVERTIBLE $148,500.00
12421957CHEVROLET CORVETTE CONVERTIBLE $258,500.00
712.11958CHEVROLET CORVETTE CONVERTIBLE $82,500.00
7481958CHEVROLET CORVETTE CONVERTIBLE $90,200.00
10581958CHEVROLET CORVETTE CONVERTIBLE $95,200.00
12911958CHEVROLET CORVETTE FI CONVERTIBLE $154,000.00
4381958CHEVROLET CORVETTE CONVERTIBLE $165,000.00
1298.11958CHEVROLET CORVETTE $165,000.00
662.11959CHEVROLET CORVETTE CONVERTIBLE $57,200.00
10631959CHEVROLET CORVETTE CONVERTIBLE $78,100.00
1000.11959CHEVROLET CORVETTE CONVERTIBLE $101,200.00
10241959CHEVROLET CORVETTE FI CONVERTIBLE $154,000.00
13541959CHEVROLET CORVETTE CUSTOM CONVERTIBLE $198,000.00
12611959CHEVROLET CORVETTE 427 CUSTOM CONVERTIBLE $231,000.00
13201960CHEVROLET CORVETTE FI CONVERTIBLE $88,000.00
4221961CHEVROLET CORVETTE CONVERTIBLE $55,000.00
7601961CHEVROLET CORVETTE CONVERTIBLE $68,200.00
9831961CHEVROLET CORVETTE CONVERTIBLE $88,000.00
15791961CHEVROLET CORVETTE CONVERTIBLE FUELIE $90,200.00
12531961CHEVROLET CORVETTE CONVERTIBLE $93,500.00
1011961CHEVROLET CORVETTE CONVERTIBLE $115,500.00
1013.11961CHEVROLET CORVETTE 283/245 CONVERTIBLE $132,000.00
9791962CHEVROLET CORVETTE FI COUPE $82,500.00
15541962CHEVROLET CORVETTE FI CONVERTIBLE $88,000.00
821962CHEVROLET CORVETTE CUSTOM COUPE $89,100.00
15761962CHEVROLET CORVETTE 327/360 CONVERTIBLE $95,700.00
1235.11962CHEVROLET CORVETTE CONVERTIBLE $132,000.00
4541963CHEVROLET CORVETTE GRAND SPORT REPLICA $48,400.00
4111963CHEVROLET CORVETTE SPLIT WINDOW COUPE $55,000.00
15411963CHEVROLET CORVETTE FI CONVERTIBLE $79,200.00
10641963CHEVROLET CORVETTE FI SPLIT WINDOW COUPE $91,300.00
7061963CHEVROLET CORVETTE SPLIT WINDOW COUPE $104,500.00
1256.11963CHEVROLET CORVETTE CONVERTIBLE $121,000.00
12801963CHEVROLET CORVETTE 327/250 SWC TANKER $280,500.00
1280.11963CHEVROLET CORVETTE 327/360 SWC Z06 TANKER $280,500.00
891964CHEVROLET CORVETTE GRAND SPORT RE-CREATION $36,300.00
10591964CHEVROLET CORVETTE 327/365 CONVERTIBLE $55,000.00
9571964CHEVROLET CORVETTE 327 COUPE $69,300.00
7541964CHEVROLET CORVETTE FI COUPE $84,700.00
12291964CHEVROLET CORVETTE FI COUPE $88,000.00
1051965CHEVROLET CORVETTE CONVERTIBLE $55,000.00
9501965CHEVROLET CORVETTE 327 CONVERTIBLE $55,000.00
7501965CHEVROLET CORVETTE 327 COUPE $60,500.00
4561965CHEVROLET CORVETTE FUELIE COUPE $66,000.00
7291965CHEVROLET CORVETTE 327 COUPE $88,000.00
12261965CHEVROLET CORVETTE FI CONVERTIBLE $90,200.00
10001965CHEVROLET CORVETTE 327 CONVERTIBLE $96,250.00
10341965CHEVROLET CORVETTE CONVERTIBLE $99,000.00
12441965CHEVROLET CORVETTE 327/300 COUPE $107,250.00
7671966CHEVROLET CORVETTE CONVERTIBLE $53,900.00
10781966CHEVROLET CORVETTE CONVERTIBLE $55,000.00
4291966CHEVROLET CORVETTE 327 COUPE $63,250.00
729.11966CHEVROLET CORVETTE CONVERTIBLE $72,600.00
4551966CHEVROLET CORVETTE COUPE $88,000.00
750.11966CHEVROLET CORVETTE 427/390 COUPE $88,000.00
1011.11966CHEVROLET CORVETTE COUPE $90,750.00
12631966CHEVROLET CORVETTE CONVERTIBLE $121,000.00
3901966CHEVROLET CORVETTE 427/425 CONVERTIBLE $143,000.00
13471966CHEVROLET CORVETTE 454 CUSTOM COUPE $143,000.00
13461966CHEVROLET CORVETTE 427/425 CONVERTIBLE $159,500.00
7031967CHEVROLET CORVETTE 327 CONVERTIBLE $69,300.00
10571967CHEVROLET CORVETTE 427/435 COUPE $77,000.00
4301967CHEVROLET CORVETTE 327 COUPE $85,800.00
984.11967CHEVROLET CORVETTE COUPE $93,500.00
12241967CHEVROLET CORVETTE CONVERTIBLE $93,500.00
7301967CHEVROLET CORVETTE COUPE $97,350.00
10331967CHEVROLET CORVETTE 427/435 COUPE $99,000.00
1040.11967CHEVROLET CORVETTE COUPE $104,500.00
1253.11967CHEVROLET CORVETTE 427/390 CONVERTIBLE $104,500.00
1251.11967CHEVROLET CORVETTE CONVERTIBLE $115,500.00
10431967CHEVROLET CORVETTE 427/400 CONVERTIBLE $121,000.00
15751967CHEVROLET CORVETTE COUPE $126,500.00
1027.11967CHEVROLET CORVETTE 427/400 CONVERTIBLE $137,500.00
13381967CHEVROLET CORVETTE 427/435 COUPE $151,250.00
1239.11967CHEVROLET CORVETTE 427/435 CONVERTIBLE $154,000.00
1269.11967CHEVROLET CORVETTE CONVERTIBLE $159,500.00
12891967CHEVROLET CORVETTE 427/435 CONVERTIBLE $170,500.00
1261.11967CHEVROLET CORVETTE 427/400 CONVERTIBLE $176,000.00
10211967CHEVROLET CORVETTE 427/435 COUPE $187,000.00
13211967CHEVROLET CORVETTE 427/435 CONVERTIBLE $203,500.00
1334.11967CHEVROLET CORVETTE 427/435 CONVERTIBLE $214,500.00
1267.11967CHEVROLET CORVETTE 427/400 CONVERTIBLE $220,000.00
13081967CHEVROLET CORVETTE CONVERTIBLE $220,000.00
13261967CHEVROLET CORVETTE 427/435 YENKO $231,000.00
13341967CHEVROLET CORVETTE 427/435 CONVERTIBLE $264,000.00
1285 1967 CHEVROLET CORVETTE COUPE AKA: THE LAST STING RAY $660,000.00
491968CHEVROLET CORVETTE COUPE $44,000.00
12121968CHEVROLET CORVETTE L88 COUPE $51,700.00
7611968CHEVROLET CORVETTE 427/400 CONVERTIBLE $56,100.00
1065.11968CHEVROLET CORVETTE 427/390 T-TOP $63,840.00
4431968CHEVROLET CORVETTE CONVERTIBLE $78,100.00
501969CHEVROLET CORVETTE COUPE $33,000.00
6621969CHEVROLET CORVETTE CONVERTIBLE $51,700.00
983.11969CHEVROLET CORVETTE 427/435 COUPE $79,200.00
6931969CHEVROLET CORVETTE L88 RE-CREATION CONVERTIBLE $85,800.00
6951969CHEVROLET CORVETTE ZL1 COUPE RE-CREATION $90,200.00
10541969CHEVROLET CORVETTE 427/435 COUPE $99,000.00
15401969CHEVROLET CORVETTE 427/400 COUPE $104,500.00
13271969CHEVROLET CORVETTE L88 COUPE $240,000.00
9051970CHEVROLET CORVETTE 454 COUPE $58,850.00
3881970CHEVROLET CORVETTE LT1 CONVERTIBLE $64,900.00
313.11971CHEVROLET CORVETTE COUPE $20,570.00
9091971CHEVROLET CORVETTE COUPE $33,000.00
4691971CHEVROLET CORVETTE COUPE $45,000.00
713.11971CHEVROLET CORVETTE 454 CONVERTIBLE $50,600.00
6391972CHEVROLET CORVETTE COUPE $32,450.00
415.11972CHEVROLET CORVETTE CUSTOM CONVERTIBLE $35,200.00
10791972CHEVROLET CORVETTE CUSTOM COUPE $41,250.00
15201972CHEVROLET CORVETTE 2 DOOR T-TOP $41,800.00
4121972CHEVROLET CORVETTE 454 2 DOOR COUPE $51,150.00
7691972CHEVROLET CORVETTE LT1 CONVERTIBLE $53,900.00
15481972CHEVROLET CORVETTE LT1 CONVERTIBLE $110,000.00
6681973CHEVROLET CORVETTE COUPE $31,900.00
3131974CHEVROLET CORVETTE COUPE $15,950.00
30.11978CHEVROLET CORVETTE 25TH ANNIVERSARY COUPE $17,325.00
3591978CHEVROLET CORVETTE 25TH ANNIVERSARY COUPE $21,450.00
6321978CHEVROLET CORVETTE T-TOP PACE CAR $28,600.00
15181978CHEVROLET CORVETTE T-TOP PACE CAR $46,200.00
7111978CHEVROLET CORVETTE T-TOP PACE CAR $47,300.00
16091982CHEVROLET CORVETTE COUPE $27,500.00
3451986CHEVROLET CORVETTE CONVERTIBLE $24,200.00
651997CHEVROLET CORVETTE CUSTOM $45,100.00
375.21998CHEVROLET CORVETTE INDY PACE CAR CONVERTIBLE $33,000.00
13571998 CHEVROLET CORVETTE LINGENFELTER TWIN TURBO $79,200.00
7171999CHEVROLET CORVETTE COUPE $56,100.00
9452000 CHEVROLET CORVETTE 383 LINGENFELTER $44,000.00
1571.12000CHEVROLET CORVETTE IRL PACE CAR $46,800.00
950.12000 CHEVROLET CORVETTE 427 LINGENFELTER TWIN TURBO $71,500.00
15722003CHEVROLET CORVETTE SAFETY PACE CAR $44,000.00
    
Total Sales: $14,127,485.00

Source:
Barrett-Jackson Collector Car Auction Related:
Barrett-Jackson: The Last Sting Ray Fetches $660,000
Barrett-Jackson: Good Buy 1966 427/425 Corvette
Barrett-Jackson: 1958 Convertible Sets Corvette High Price Technorati Tags:
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1967 L88 CorvetteBarrett-Jackson wasn’t the only collector car auction happening in Scottsdale last week. In fact, there were three auctions in place. Russo and Steele and RM auctions also host their own Scottsdale exhibitions during the week. And you may be surprised to learn that an 1967 L88 Roadster was on the block at RM Auction’s Arizona Biltmore auction. According to Autoblog.com, the bidding for the Corvette reached a high of $1,550,000 but was a no-sale as it failed to reach to the seller’s reserve. Only 20 L88 427 ci Corvettes were produced in 1967. The L88 was first owned by Tony DeLorenzo, Jr, son of Anthony G. DeLorenzo who was in charge of GM’s public relations from 1957-1979. Tony bought the Corvette and headed straight for the track where it was raced until retirement in 1982. The Corvette was restored and has certificates from both Bloomington Gold and the NCRS for Top Flight. To help promote the sale, this Corvette could have used some of the same marketing mojo that Proteam Corvettes used for pump up a fairly ordinary L36 427/390 hp coupe that just happened to be the last 1967 Corvette produced. So why RM Auctions and not Barrett-Jackson? Sellers Reserve….
Source:
Autoblog.com
Image Credit: Drew Phillips/Fast-Autos.net Related:
Barrett-Jackson: The Last Sting Ray Fetches $660,000 Technorati Tags:
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Barrett-Jackson: Good Buy 1966 427/425 Corvette

by Keith Cornett on January 20, 2007

When watching the Barrett-Jackson Collector Car Auction, we often see Corvettes being sold at the high end of the pricing spectrum or even beyond (Pluto anyone!). But often, there are some very good deals that go unnoticed, and I think this Corvette belongs in the “Good-Buy” category. This Matching-Numbers 1966 Nassau Blue Corvette Coupe (Lot #1011.1) features an L72 427 ci 425 hp big block engine coupled to an M21 4-Speed Transmission. Comfort options include Power Brakes, Power Windows and Telescopic Steering Wheel Column. Finally, Knock-Off Wheels with Gold Line Tires and Side Exhaust complete the options. The car is being sold by Dave Ressler, a dealer and major car collector, who is shown taking the family photo during the bidding. I do believe that it was Dave that purchased the #003 53 Corvette that sold at last year’s auction for $1 million. But I digress… Purchasing the 1966 Corvette Coupe was ProTeam Corvette’s Terry Michaelis. A review of the ProTeam Corvette website shows pricing for comparable L72 Condition 2 Corvettes starting in the $90,000 range and Condition 1 Corvettes as high as $169,000. Terry is a major Corvette buyer and obviously knows when to hold them and when to fold them. It will be interesting to see where the price will be set for this Coupe once he gets it back to Ohio.

Saturday night is when we’ll see the major action including ProTeam selling The Last Corvette. Check it out on Speed. But don’t worry if you miss it. We’ll have the details here.
Source:
Barrett-Jackson Collector Car Auction via Speed Related:
Barrett-Jackson: 1958 Convertible Sets Corvette High Price Technorati Tags:
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