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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, 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….
Image Credit: Drew Phillips/ Related:
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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.
Barrett-Jackson Collector Car Auction via Speed Related:
Barrett-Jackson: 1958 Convertible Sets Corvette High Price Technorati Tags:
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Barrett-Jackson: The Last Sting Ray Fetches $660,000

by Keith Cornett on January 20, 2007

For the last year, Terry Michaelis of ProTeam Corvette has created the ultimate buzz for a particular 1967 Corvette Coupe. The Corvette just happened to be the last Corvette produced in the 1967 model year, officially making it the Last Sting Ray. The Corvette was given a body-off restoration by the Nabers Brothers in Houston, and the entire process was filmed by Speed TV for a 6-part documentary that aired last November. After the restoration was completed, the Corvette was judged at Bloomington, where it was awarded Gold, and the NCRS, which awarded it Top Flight. The last chapter in this story, as Terry called it, was the trip to Scottsdale, Arizona to be auctioned off at the Barrett-Jackson Collector Car Auction. The Last Sting Ray (Lot # 1285) was offered up and the bidding quickly climbed to $600,000 and when the gavel fell, Ron Pratt was the new owner. With the addition of the $60,000 buyers commission, the final sales total was $660,000. For this price, the buyer gets a very nicely restored Corvette as well as all the awards, press clippings, videos and apparel that accompanied it.

Our congratulations go to Terry and ProTeam Corvette, who not only continue to find some of the best Corvettes to resell, but know how to market them as well.
Barrett-Jackson Collector Car Auction via Speed Related:
The Last Corvette to be Sold at Barrett-Jackson
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Barrett-Jackson: 1958 Convertible Sets Corvette High Price

by Keith Cornett on January 18, 2007

On the second day of the 2007 Barrett-Jackson Collector Car Auction, a 1958 Corvette Convertible rolled onto the block and set the high sales price for Corvettes at $150.000. With commissions added, the total selling price was $165,000. That set the daily high sale as well. While it’s nice to see a C1 Corvette at the top of the list, we don’t expect this Corvette to be there long. The ’58 Corvette (Lot #438) is Panama Yellow with Charcoal interior. It features a 283 ci engine with the 2×4 Carburetors for 245 horsepower. It has the fairly rare RPO 473 Power Operated Folding Top which is demonstrated in the video. Fully restored with just 9 miles since completion. Bidding for the Corvette ramped up very quickly. Opening bid was $10,000 before jumping up to $70,000 and then $120,000. ProTeam’s Terry Michaelis dropped out of the bidding at $140,000. The final bid of $150,000 was enough to win. Add the 10% buyers commission and the total sales price jumps to $165,000.

Speed’s coverage of the Barrett-Jackson Auction continues tonight at 7pm EST.
Barrett-Jackson Collector Car Auction via Speed Related:
The Last Corvette to be Sold at Barrett-Jackson
Barrett-Jackson Preview: A Pair of 1963 Corvette SWC Tankers
Barrett-Jackson Preview: 1967 427/435 Yenko Corvette Technorati Tags:
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Barrett-Jackson Auction Starts Today

by Keith Cornett on January 16, 2007

2007 Barrett-Jackson Collector Car AuctionThe Barrett-Jackson Collector Car Auction gets underway today with the first 150 cars expected to cross the auction block. This is the 800 pound gorilla of car auctions and the prices of cars sold at this auction could help us forecast the collector car market for the rest of the year. While we’ve already mentioned the star Corvettes like The Last Corvette, the Dual 1963 SWC Tankers and the 1967 Yenko Corvette, there is actually a wide variety of Corvettes that will be available. In fact, 150 Corvettes are expected to be sold in the next few days raging from a 1953 Convertible to a 2003 Safety Pace Car. Speed Channel (check your local listings) will have coverage throughout the week with most of the action happening in primetime on the weekdays and afternoons through primetime on the weekends. You can get a list of the lot numbers scheduled for each day so if there is a particular car you are interested in, you can probably see it auctioned. The Star Corvettes that we mentioned above as well as most of the other star cars are scheduled for primetime on Saturday. will have continuing coverage of the Barrett-Jackson Collector Car Auction as well as a roundup of the results as they become available.
Barrett-Jackson Collector Car Auction
Speed Related:
2006 Barrett-Jackson Corvette Sales Top $12.6 Million Technorati Tags:
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Barrett-Jackson Preview: 1967 427/435 Yenko Corvette

by Keith Cornett on January 13, 2007

In today’s collector car world, the name “Yenko” is associated more with Camaros, Novas and Chevelles than Corvette. But the association of the legendary Corvette Hall of Fame member should be synonymous with Corvette and here is why. Before Don Yenko and Yenko Chevrolet became one of the largest “supertuners” of GM muscle cars in the 60′s and 70′s, Don raced Corvettes. Driving for the Gulf Oil Racing Team in the early sixties, Yenko and teammate Dick Thompson dominated the A & B Production classes, and Don captured the B Production crown in 1962 and 1963. Fast forward to 1967. Yenko is now fielding his own team with support from Sunray DX Oil Co and wins the 1967 12 Hours of Sebring’s GT Class in a 1967 L88 Corvette. In the late 1960s, Michael Summers was one of the drivers for Yenko’s Corvette racing teams, and his personal Corvette, ordered through Yenko Chevrolet, is the focus of our Barrett-Jackson preview.

1967 Yenko Corvette
The car is a fully documented, 427 hp/435 ci numbers-matching Yenko Corvette Convertible. This Corvette is one of only five of the rarest color combinations (White with Bright Blue Trim and Interior) and one of the highest factory optioned Corvettes known to exist. Renowned Corvette restorer Nabers Brothers of Houston completed a body-off restoration in 2002. Documentation includes the original Protect-o-Plate signed by Don Yenko, tank sheet, order sheet, owner history, original pictures with a video of the original owner, Michael Summers. The 1967 Yenko Corvette has two NCRS Top Flight Awards (98.7%) and is Bloomington Gold Certified. The Corvette contains the following factory RPO’s: AO1- Tinted Glass
A31- Power Windows
A15- Leather Bright Blue Trim
AB2- Headrests
CO5- Convertible White Top
CO7- Auxiliary Hardtop
F41- Special Front and Rear Suspension
G81- Positraction Rear Axle
J50- Vacuum Power Brakes
K66- Transistor Ignition System
L71- 435 HP V8 Turbo Jet
N14- Side Dual Exhaust
N36- Telescopic Steering Wheel
N40- Power Steering
QB1- 7.75×15 4 PLY Redline Tires
U15- Speed Warning Indicator
U69- AM/FM Radio The 1967 Yenko Corvette (lot #1326) is scheduled to cross the auction block on Saturday, January 20th. This Corvette is truly a collector car and a fantastic piece of Corvette history.
Barrett-Jackson Collector Car Auction
National Corvette Museum – Hall of Fame Related:
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2006 European Corvette Sales

by Keith Cornett on January 11, 2007

The Corvette brand continues to be well accepted in GM’s European Market. Sales totaled 1,257 Corvettes for 2006, which was on par with 2005 Sales. These numbers are significant to GM as prior to the C6 model, yearly Corvette sales were in 300-400 range. Part of the GM strategy for introducing the Corvette to European buyers has been the building of a number of specialized dealerships for Cadillac/Corvette/Hummer. In 2006, Cadillac saw 22% growth in sales while Hummer H2 and H3 Sales tripled to 1,848.
GM Europe via Related:
December 2006 Corvette Sales Technorati Tags:
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A Pair of 1963 Corvette SWC TankersProTeam Corvette, the Napoleon Ohio based Corvette dealer with a knack for finding and selling rare and highly optioned Corvettes announced that they are bringing a pair of 1963 Corvette Split Window Coupe tankers to the the Barrett-Jackson Collector Car Auction in Scottsdale Arizona on Sunday, January 20th. The Corvettes are 2 of of only 63 manufactured that contain RPO N03, the 36 gallon fuel tank option. Corvettes with the option are commonly referred to as Tankers. Both Corvettes are Riverside Red and lay claim to a wide array of awards and honors, including NCRS Top Flight certification. His and her ‘Vettes, one is a full-optioned car, while the other is a Z06 with a unique history. The ladies’ car is a full-optioned Corvette that is one of only two 1963 Corvettes to feature the unique option combination of the 36-gallon tank and air conditioning. In 1963, the first year for air conditioning, only 278 factory air-conditioned Corvettes were produced. The number-matching model also features a 327-cubic inch/250-horsepower V8 engine, automatic transmission, power steering, power brakes, power windows, tinted glass, original Kelsey cast aluminum knock-off wheels and the original non-D.O.T. tires. It has bucket seats with a red interior. In addition to its extraordinary option combination, the car also comes with a copy of the original title, license registration dating to 1980, dealer delivery packet with ’63 owner protection plan, original operating instructions for the air conditioner and the original keys on the delivering dealer key chain. The NCRS certificate, ribbon, judging sheets and old magazine articles are also included. Its fellow bookend, a man’s ‘Vette, is one of only 199 Z06 Corvettes manufactured in 1963 (and one of 63 produced with the 36 gallon gas tank option), and boasts an impressive past. In addition to being a Z06 package, the Corvette is also a radio delete car optioned with a 327 cubic inch/360 horsepower engine, power brakes, posi, fuel injection and a four speed transmission. It has a Tuxedo Black interior and 6.70×15 inch white stripe tires. The Riverside Red pair of tankers – and their memorabilia – will be sold at no reserve as lot numbers 1280 and 1280.1. Early estimates have the pair going for as much as $1 million.
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Another Celebrity-Owned Corvette Heading for Barrett-Jackson Technorati Tags:
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2005 SEMA Corvette For Sale on eBay

by Keith Cornett on January 5, 2007

2005 SEMA CorvetteThis 2000 Corvette started life as most Corvettes do, but then John Wargo of the Custom Shop got hold of it for a bit of an upgrade for the 2005 SEMA show in Las Vegas where it was featured at Sony’s Mobile Audio booth. Since the SEMA appearance it has been displayed at most of the major Corvette shows as well as featured in several Corvette magazines and calendars. The Corvette was completely worked over and now features such amenities as a polished Vortech Supercharger, JBA Headers, Corsa Exhaust and a custom interior from Mid America Motorworks. And because the Corvette was built to be displayed at the Sony booth, it has an audio system containing an in-dash TV/DVD and 6,000 watts of power. You can view a video of the Corvette being built for the SEMA show on Google Video. The Corvette is being offered with a Buy It Now price of $69,900. Check out the auction for more photos.
eBay via Corvette Fever Blog Related:
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December 2006 Corvette Sales

by Keith Cornett on January 4, 2007

In the latest monthly sales report released by General Motors, Corvettes sales continue to slide against the monthly numbers from the previous year. Corvette sales were down 2.2% in December 2006 vs December 2005 with 3,081 deliveries vs 3,271 Corvettes delivered the previous time period. Calendar Year to Date sales still remain strong despite the monthly downturn and are higher than the same time period a year ago. 2006 January to December sales show a 12.4% increase with 36,518 Corvettes delivered vs 32,489 Corvettes delivered in 2005. There were 26 selling days in December 2006 vs 27 days in December 2005.
GM Related:
November 2006 Corvette Sales Technorati Tags: