The 1961 Corvette Gulf Oil race car was one of the centerpieces of Mecum’s 2012 Kissimmee auction and it drew massive attention when it hit the auction block Saturday afternoon. Bidding on the Grady Davis Gulf Oil-sponsored Corvette was fast and furious at the beginning but eventually stalled at $850,000 and the car went unsold. The reserve was undisclosed and the auctioneer only said that it would take “more”.
It didn’t quite reach the pre-auction expectations, but the third-oldest Corvette in existence still sold for a whopping $445,500 at the RM Auction in Arizona on Friday, Jan. 20, 2012. The car was predicted to sell for between $450,000 and $650,000 but fell short of those targets – though still one of the highest priced 1953 Corvettes ever sold.
The sun has barely set on all of the Arizona collector car auctions, but we’ve still got one more event to go before the 2012 calendar rolls over to February. Mecum’s monster 2,200 car Kissimmee, Florida auction begins Tuesday, January 24th at 11am and runs through Saturday, January 28th. Velocity will have 32 hours of live coverage starting on Wednesday the 25th.
As time ticks down to the sale of the first 2013 Corvette 427 Convertible at Barrett-Jackson this Saturday, interested buyers and enthusiasts alike are able to get up close and personal with the new car which is set up at the Chevrolet display. Our friend Chris Draper was in Scottsdale yesterday to take in Barrett-Jackson and provides these pictures of the 60th Anniversary car on display along with a first-year 1953 Corvette.
Our final preview at the January collector car auctions will focus on the activities at Gooding and Company’s and RM Auctions’ camps. You already know about 1953 VIN #5 crossing the block at RM, but they’ve also got an early Pilot 1954 in addition to an original Monaco Orange 1969 L88 Coupe up for grabs at Gooding and Company.
RM and Gooding only have a total of 9 Corvettes combined on their dockets, but what they lack in quantity, they make up for in quality.
Article contributed by Dave Salvatore / Kerbeck Corvette
On this day in 1953, a prototype Chevrolet Corvette sports car (EX-122) makes its debut at General Motors’ (GM) Motorama auto show at the Waldorf-Astoria Hotel in New York City. The Corvette, named for a fast type of naval warship, would eventually become an iconic American muscle car and remains in production today.
The next stop on our tour of the January auctions is Russo and Steele’s sale in Scottsdale, AZ. They’ll be offering over 700 cars including 50+ Corvettes during the January 18th – 22nd event including Noland Adams’ 1953 “Stamp Car”. The Russo and Steele docket contains a bevy of sweet rides with the majority being C1′s, C2′s, and C3′s. Check out some of the Corvette we’d love to be bidding on.
The Chip Miller Charitable Foundation will hold a special showing of the “The Quest”, the Chip Miller/1960 Le Mans documentary this Sunday afternoon at the Arizona Biltmore in Phoenix, Arizona. In addition to screening the movie, there will be a special gathering of legendary Corvette racing drivers as well as the Corvettes they raced. Click here for ticket information.
Check out these six great Corvettes we are featuring today from VetteFinders.com, the Internet’s original Corvette classifieds website. Each day thousands of buyers turn to our sister website to find the Corvette of their dreams as we have one of the best selections of both classic, preowned and new Corvettes available anywhere.
Mecum Auctions has announced that they’ll be offering 12 Corvettes from the Chuck Ungurean collection at their Kissimmee, Florida sale later this month. All dozen cars will be selling without reserve when they cross the auction block on Saturday, January 28th, 2012. Included among the spectacular lots are a 1969 L88, a 1972 ZR-1, and a pair of black 1967 L71’s.