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Hershey Auction Results

by Keith Cornett on October 13, 2005

Kruse International posted the results of their auction held October 6th-8th in conjunction with the great automotive show and swap meet in Hershey, PA. Over 300 autos were scheduled including 13 Corvettes. The high for Corvettes was a 1961 Honduras Maroon Convertible which sold for $131,000. The low winning bid was for a 1978 Silver/Beige Corvette Coupe at $12,250. Corvette Auction Results:

Year/ModelPriceBid Type
1957 Convertible$85,000Final Bid
1959 Convertible$48,500SOLD
1959 Convertible$52,500Final Bid
1961 Convertible$131,000SOLD
1964 Convertible$40,000SOLD
1969 Convertible$20,250SOLD
1973 Coupe$22,000Final Bid
1977 Coupe$8,750Final Bid
1978 Coupe$12,250SOLD
1978 Pace Car Coupe$30,000Final Bid
1982 Coupe$15,500SOLD
1987 Coupe$17,100SOLD
1987 Coupe$20,000SOLD
Click Here for Full Auction Results

2006 Best Resale Value Awards

by Keith Cornett on October 6, 2005

The average automobile retains only about 35% of its original value after a five-year period according to Kelley Blue Book. has just released their 2006 Best Resale Awards and the Corvette is named category winner for Convertibles as having the best resale value. The Corvette was the only model of the big 3 domestic automakers to make the list.’s projections are based on current behicle data, market conditions, competition in its segment as well as expections of the future economy. The cars that made this list will on average keep aboutn 50% of its original purchase price over 5 years. “Now in its sixth generation, “America’s sports car” has won exceptional acclaim for its performance/price ratio. Its high initial value for money and its visceral appeal make the Corvette a winner not only on the track but also in the financial columns.” The editors at Kelley Blue Book also list a number of options that can help you with resale value. First, choose a popular exterior color, such as black, white or silver. Then select equipment that many buyers want. Included on this list are: antilock brakes (ABS), alloy wheels, CD player/CD changer, parking sensors, navigation system, sensing cruise control and leather-covered seats. At the same time, avoid less popular colors and go easy on customization. Also making the list was the Mini Cooper, Toyota Prius, Honda Accord Hybrid, Volvo XC90, Porsche Cayenne, Infiniti G35, BMW 5-Series, Lexus GX 470 and the Infinit M45.

Corvette Values: 1978 Coupe

by Keith Cornett on September 21, 2005

GS From Oklahoma submitted this 1978 Coupe to Corvette Values: 1978 Corvette T-Top Coupe. VIN 1Z87L8S4123XX, Dark Blue with Midnight Blue leather interior. 20,234 Original Miles. L48 Original Motor, Automatic Transmission, Power Brakes, Power Steering, Power Windows, Factory A/C, Original Factory Aluminum Wheels, Tele Steering Wheel, AM/FM Stereo, Rear Defrost, Sport Mirrors. Condition is Excellent. Full Documentation including Service Records, Original Warranty Card, owners Manual. The 1978 Corvette production year was interesting with more than 50% of the production representing two special models, the Silver Anniversary and the Pace Car. The remainder of the production line was termed the “standard model,” this is the model submitted. Based on the VIN #1Z87L8S4123XX, it was built early in the 1978 production year. It is powered by the standard 350, L-48 motor that is coupled with an automatic transmission. The motor is original and makes this a matching numbers Corvette. This Corvette is unique with only 20,238 original miles. In addition, it is equipped with most of the options that were available during the 1978 model year. Included are power windows and door locks, cruise control, rear window defogger, air conditioning, sport mirror, tilt-telescopic steering column, AM/FM radio and aluminum wheels. This Corvette is Dark Blue in color and the original paint is termed in good condition. The interior has Dark Blue Leather seats which along with the door panels and carpeting are in excellent condition. Mr. Steven’s Corvette has excellent “curb appeal” with its dark blue paint and contrasting optional aluminum wheels. Documentation plays an important role in determining the originality and value of a Corvette. In possession is previous owner history, service records and the original warranty card and owner’s manual. We place a value of $15,000 on this low-mile 1978 Corvette. In addition, the one year average price appreciation factor is +8%. This value is substantiated by recent sales at major Corvette auctions in the US, including Bloomington Gold and Corvettes at Carlisle 2005 events. Submissions:
Send your submissions to 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.

Auburn Auction Results

by Keith Cornett on September 19, 2005

Kruse International has posted the results of the auction that took place in Auburn, Indiana August 31-September 6. What’s interesting about this auction was not so much what sold, but what didn’t sell. Of the 85 Corvettes listed, only 37 were listed as SOLD. While many of the low-end bids were rejected, several cars received significant bids but remained unsold:

1961 Convertible$80,000
1967 Convertible$97,000
1967 Convertible$90,000
1987 Callaway$31,000
Some may say the reason for the many no-sales is that Corvettes tend to do better at predominately Corvette only auctions. I happen to agree. I also believe that Corvette sellers have become well aware of the upswing in pricing and have priced their Corvettes accordingly. These owners would rather take the no-sale at an auction and try to sell their Corvettes elsewhere than lose the premium value they are seeking. There were some good buys at the Auburn Auction:
1957 Convertible$34,700
1964 Convertible$20,200
1979 Coupe$4,600
1984 Coupe$4,300
1990 Convertible$9,600
Click the More link to view the full auction results.

Auburn Auction Results
August 31-September 6

1957 Convertible$34,700
1959 Convertible$39,750
1961 Convertible$39,000
1961 Convertible$39,500
1963 Coupe$51,500
1963 Coupe$59,000
1963 Grand Sport Replica$59,000
1964 Convertible$20,200
1964 Convertible$47,000
1964 Coupe$29,250
1964 Convertible$27,000
1965 Coupe$37,800
1965 Coupe$46,000
1966 Convertible$40,000
1966 Convertible$32,600
1967 Convertible$99,000
1967 Coupe$38,000
1969 Convertible$31,250
1969 Coupe$26,700
1973 Convertible$22,750
1974 Coupe$19,100
1976 Coupe$17,000
1978 Coupe$10,500
1978 Pace Car$17,700
1979 Coupe$4,600
1980 Coupe$9,250
1981 Coupe$7,250
1982 CE Coupe$22,250
1984 Coupe$4,300
1984 Convertible$6,000
1985 Coupe$4,150
1986 Convertible$12,200
1990 Convertible$9,600
1990 Coupe$8,250
1991 ZR-1 Coupe$18,500
1994 Coupe$11,000

Bids that failed to result in a sale

1961 Convertible$80,000Final Bid
1964 Grand Sport Replica$29,500Final Bid
1965 Convertible$38,500Final Bid
1965 Covette Race Car$22,000Final Bid
1965 Corvette Race Car$20,000Final Bid
1966 Corvette$49,500Final Bid
1966 Convertible$41,000Final Bid
1966 Convertible$40,000Final BId
1967 Convertible$97,000Final Bid
1967 Convertible$90,000Final Bid
1968 Convertible$42,000Final BId
1968 Convertible$44,000Final Bid
1968 Convertible$24,000Final Bid
1968 Convertible$25,000Final Bid
1968 Convertible$23,500Final Bid
1968 Coupe$10,700Final Bid
1969 Convertible$21,600Final Bid
1969 Coupe$25,250Final Bid
1972 Coupe$11,700Final Bid
1972 Coupe$14,300Final Bid
1972 Coupe$10,000Final Bid
1972 Coupe$40,000Final Bid
1973 Convertible$10,000Final Bid
1974 Coupe$4,950Final Bid
1978 Coupe$6,300Final Bid
1975 Convertible$21,000Final Bid
1976 Coupe$12,250Final Bid
1979 Coupe$8,700Final Bid
1980 Coupe$13,000Final Bid
1981 Coupe$5,000Final Bid
1981 Coupe$9,300Final Bid
1982 Coupe$6,500Final Bid
1984 Coupe$19,000Final Bid
1985 Coupe$12,000Final Bid
1986 Convertible$13,000Final Bid
1987 Callaway Conv$31,000Final Bid
1987 Callaway Conv$15,000Final Bid
1989 Coupe$5,000Final Bid
1990 Coupe$25,000Final Bid
1990 Convertible$14,500Final Bid
1992 Coupe$7,200Final Bid
1993 Coupe$15,000Final Bid
1996 Coupe$13,100Final Bid
1999 Convertible$21,500Final Bid
2001 Convertible$25,000Final Bid
2002 Coupe$24,000Final Bid
2003 Convertible$30,000Final Bid

Corvette Values: 1972 Convertible

by Keith Cornett on September 14, 2005

SB of New Jersey Submitted this 1972 Convertible to Corvette Values: 1972 Corvette Convertible, VIN 1Z67K2S5214XX. 2 Owner Car. 350 ci, 4 Speed transmission, Yellow with Cloth Black interior, Black Soft top. Power Steering, Factory A/C. $10,000 on Engine/Mechanicals spent within last year. Exterior is original paint in street driven condition. Interior and Chrome are in good condition. This 1972 Convertible is one of 6,508 convertibles manufactured. Based on the VIN it was assembled in the second half of the production run. (21,400 of 27,004 total) The VIN indicates the engine is the base 350 cubic inch engine: Fifth Digit = K: 350 ci 200 hp. A 4-speed transmission was also included in the base model. The Corvette is Sunflower Yellow with Black cloth interior and a black soft top. Only 5% of Corvettes were painted Sunflower Yellow making this a rare color choice for 1972. The exterior paint is original and in street driven condition, with some chipping and cracking. The interior is listed a good condition. The Corvette features wanted conveniences like factory A/C and power steering. The owner has had the Corvette since the late 70′s and is the second owner. Most documentation including history and service/repair receipts have been saved. We place a value of $18,500 on this 1972 Convertible. In addition, our pricing data shows a 14% appreciation in average price during the past year. Submissions:
Send your submissions to 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.

Katrina’s Corvette Flood

by Keith Cornett on September 10, 2005

You just the knew this topic was coming. Thousands of vehicles sitting submerged in the streets, driveways and garages of New Orleans. What will happen with all those cars including Corvettes that were damaged by the flood waters of Katrina? Automuse has an excellent legal analysis on the laws of Louisiana and how automobiles are branded as “flood” cars. For a vehicle to receive the “flood” brand, it must be declared a total loss by the insurance company and issued a salvage title. The “flood” brand on the salvage title indicates the car was totaled as a result of water damage. However, for a car to be considered a total loss, it must have sustained damages equaling 75% or more of the market value as determined by the NADA handbook. But what about all those cars, including Corvettes that sustained “some” water damage, but did not reach the 75% threshold? While the good news is that Louisiana law requires disclosure to the buyer of a vehicle if it sustained water damage, the downside is that cars that sustained some water damage but not enough to be a total loss, will have clean, unbranded titles. Unfortunately Mississippi doesn’t require buyers to be notified of a car’s water damage, but does require cars that are total losses to be re-titled as a salvage vehicle. So what will happen with all those Corvettes that were damaged? C1′s to C3′s may be had at some decent “restorable” values from insurance companies or brokers who resell salvage vehicles. C4′s and above? Forget about it. With all the electronics that post ’82 Corvettes contain, they are more likely to have costly damage to those key components and aren’t worth the cost of repairs. One of the lasting effects of Katrina may be the public’s avoidance of purchasing pre-owned Corvettes from the Gulf region as well as the sales boon that I am sure Carfax and other title reporting sites will have. Caveat emptor…

2006 Model Debuts Unknown

by Keith Cornett on September 7, 2005

The National Corvette Museum reports the last 2005 Corvette will roll off the assembly line this week and the process will be what they call a “running change” with 2006 models being built directly behind the last 2005 model. According to the Museum, no release dates are yet available on the Coupe/Convertibles. We have heard that Z06′s were on the assembly line in August, but according to, it looks like those that were built are going to GM Execs and select markets for testing. There is currently no release date yet for the Z06 and no museum deliveries are being scheduled. GM has indicated that it will be into the 4th quarter before Z06 models will be available. The favorable press coverage and auto magazine reviews are making us jones big time for the release of the Z06 and I am sure that those that have money down and an order in the pipeline are just dying. Give us some info, GM!!!

Monterey Auction Results

by Keith Cornett on August 26, 2005

RM Auctions featured several rare Corvettes for sale at the Monterey Sports and Classic Car Auction held August 19th and 20th. The Corvettes included an ultra rare 1963 Corvette Z06 Convertible, a 1969 Baldwin Motion III and a 1968 L89 Corvette race car.

The 1963 Corvette Z06 Convertible was a no-sale at a high bid of $625,000. This Corvette is currently the only documented 1963 Convertible ordered with the Z06 RPO package, usually ordered by those whose Corvettes were destined for the race track. Until now, when this documented example was discovered, most Corvette historians had agreed that a convertible edition of the Z06 did not exist. The convertible was expected to go for $650,000 – $950,000.


Corvette Values: 1978 Coupe

by Keith Cornett on August 24, 2005

TR of West Seneca, NY submitted this 1978 Coupe to Corvette Values:

1978 T-Top Coupe, VIN 1Z8748S438444. 56,418 Original Miles, L-82 350 ci 220 hp engine, 4-Speed transmission, 2 Tone Silver with Mahogany Cloth interior. Power Steering/Brakes/Windows. Factory A/C. AM/FM/CB Radio. Mechanicals rated as Excellent, Exterior/Interior in Good condition.


Gathering Pricing Knowledge

by Keith Cornett on August 22, 2005

Now that you know which model year you’re interested in purchasing, you’ll want to gain as much pricing knowledge as possible. I start with pricing first because if you can’t afford it, it’s not worth spending your time learning the other factors involved in making an informed buying decision. One of the tools needed for making an educated purchase is one or more Corvette Price Guides. Price guides for Corvettes can be found online at a number of sites. uses data published from Vette-N-Vestments that is based on actual sales figures from auctions held around the Country. Why we like this guide so much is that appreciation and depreciation figures are tracked for One, Two and Five years allowing you to spot multi-year trends. Other price guides worth noting are Kelly Blue Book and the NADA Guide. Lastly, most of the Corvette magazines usually publish an annual Price Guide issue. Currently we are in a hot market so review the published date of the guide carefully. If it is older than six months, its accuracy may be off somewhat. Another source for gathering pricing knowledge would be from visiting websites that contain Corvettes for sale, either through classified and auction sites like and to searching online dealer inventories for your sought-after model year. Armed with this information, you will have no trouble educating yourself as to what the model year of your choice can be obtained for. An education in pricing will help to ensure that you will not be overcharged as well as being able to spot a good buy when it comes along. Click here to purchase the Vette-N-Vestments Corvette Price Guide Price: $15.00

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