Every once in a while a custom Corvette will come along that knocks your socks off and this is definitely one of those moments. Named the Goodguys Street Machine of the Year, this 1962 Corvette was built by The Roadster Shop for customer Barry Blomquist and showed at the Goodguys PPG Nationals in Columbus, Ohio where it apparently made a huge impression on the judges and crowd alike.
The custom Corvette is dubbed the “C1RS” and as you can see, very few of the original components remain. Just about every part of the body was custom built, from the aluminum front end to the hand-formed hood. Carbon fiber and billet trim are featured throughout the roadster while inside the cockpit, Italian read leather seats, alcantara suede accents and an aluminum dash complete the look.
Under the hood you’ll find an LS7 from Turnkey Engines that produces 618 horsepower and 640 lb-ft of torque. Mated to the Z06 engine is a T-56 transmission. The custom Corvette features a custom suspension components from Detroit Speed & Engineering while Brembo 14 1/2 inch, 6-piston brakes provide plenty of stopping power.
While technically a show car, this Corvette was built to go and that’s what it did at the Goodguy Nationals. Each of the entries is required to run 3 laps on the autocross course and this 1962 Corvette C1RS smoked the field of 31 competitors and came in first.
“We’ve had this car in our minds for a long time,” Jeremy Gerber smiled. “Our guys at the shop worked tirelessly over an entire year getting this car to Columbus. Barry Blonquist gave us the resources and opportunity to build our vision. We’re thankful to win this award for Barry and the Roadster Shop.”
The only disappointment we have is that we were only provided two photos. Hopefully one of the Corvette magazines will get together with The Roadster Shop’s Phil and Jeremy Gerber for a well deserved photo shoot. If that happens, we’ll be more than excited to share more of the 1962 Corvette C1RS with you.
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One of selling features employed by the Mecum auction house is their “Bid Goes On” which allows bidding on Corvettes that did not sell on the block to continue in hopes that a sale can be reached. It gives buyers and sellers the opportunity to culminate a deal that otherwise would not have happened within the confines of a three-minute sale. One of Corvettes recently sold though this process was this 1960 Corvette with the serial #00001.
The first Corvette of the Sixties was Ermine White with a matching white convertible top. Like the first year 1953 Corvettes, a red interior compliments the white exterior. Vin #00001 is powered by RPO 579D – a 283 cubic inch fuel injected engine rated for 290 horsepower – and was coupled to a 4-speed transmission. Other options include the signal-seeking AM radio and classic wide whitewall tires.
At the auction, the Corvette reached a high bid of $290,000 without changing hands. Today we learned that the Corvette did sell after the auction at a slightly lower price of $275,000. We believe the seller, motivated by the no-sale changed his mind in regards to his reserve and took an offer through “the bid goes on” process.
So is this a fair price for a solid-axle serial #00001 Corvette? At the 2008 Bloomington Gold auction, three serial #1 Corvettes were offered: 1955, 1956 and 1957. As a group, the three Corvettes reached a high-bid of $2.8 million but failed to reach reserve. The three Corvettes were then offered individually. The 1955 #0001 Corvette high bid was $850,000. The 1956 #0001 Corvette high bid was $900,000 and the 1957 #0001 Corvette reached a high bid of $950,000. All three Corvettes were no sales and haven’t been seen since.
So along comes the 1960 Corvette with serial #1 a year later and it sells for a fraction of the prices offered for the 1955-57 Corvettes. Will this price of $275,000 suck the wind out of those other cars when the resurface at another sale or will the 1960 Corvette be flipped when the market rebounds for a much higher price? This is what makes watching pricing so fun.
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Fifty-six years ago today, the very first production Corvettes were completed and rolled off a temporary assembly line at Chevrolet’s Customer Delivery Center in Flint, Michigan. All the Corvettes were hand-built and for the first time in a mass produced vehicle, a revolutionary material called fiberglass was used instead of steel to make the body panels.
Underneath the fiberglass were standard Chevrolet components. The 250 cubic inch Blue Flame Special 6-cylinder engine came from the truck line while the two-speed Powerglide automatic transmission and drum brakes were also found on various Chevrolet passenger cars. A triple-carb intake on the Corvette gave the 2-seater a bit more power but overall performance was lacking.
Chevrolet built 300 Corvettes over the course of the 1953 model year. A uniform design allowed the workers to concentrate on putting the bodies together without being distracted by trim and equipment variations. Therefore, all 1953 Corvettes were Polo White with Sportsman Red interiors and a black canvas soft-top, and featured 6.70 x 15 whitewall tires and a Delco signal-seeking radio. Also standard was a 5,000-rpm tachometer and a counter for total engine revolutions.
The Corvette’s original base price was set at $3,498.00. However the general public was hard pressed to get one as most of the production was doled out to project engineers, GM executives and other high profile customers including Hollywood movie stars like John Wayne. In fact a dealer notice issued in July ’53 from the Central Office proclaimed: “No dealer is in a position to accept firm orders for delivery of a Corvette in 1953.”
Today, the 1953 Corvette is one of the most sought after Corvette models by collectors. Examples have recently sold as high as $440,000. Not too bad for a little American sports car with an underpowered straight-six and ill-fitting body panels.
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These pictures of a 1960 Corvette were posted online at the Corvette Forum by a member looking for some pricing help on what to offer the owner. According to the poster, the motor is gone, but 95% of the other parts that are off the car are in one of several boxes. At one time, a new front clip was installed. The Corvette has a 4-speed transmission and 31,200 miles are on the odometer. The owner has had it since 1970 and its been stored in this barn for the last ten years.
Following the thread, we learned the seller said he was looking for $10,000 but wasn’t firm. The Forum member ended up buying the Corvette for $7,500. Our Corvette Price Guide puts the value of an average 1960 Corvette roadster at $50,400 and the 1 year appreciation is 7%. So let’s throw this question out to you. What do you think? Was this a good price for a 1960 Corvette in its present condition or should the buyer have run away from this potential basket case?
Chevrolet Dealer and noted Corvette Collector Bob McDorman will be bringing 25 unique cars to Dana Mecum’s Spring Classic in Indianapolis in mid-May. Among those cars is the first true high-performance Corvette in history, the 1954 EX87 test mule that Corvette’s first Chief Engineer Zora Arkus-Duntov drove to 163 mph at the Arizona Proving Grounds.
It was in the mid-1950â€™s that Zora Arkus-Duntov had Daytona legend Smokey Yunick install an experimental V8 engine into a 1954 Corvette test mule. Following that test, EX87 was reissued a new tracking number of 5951 and was returned to Zora at Chevrolet Engineering to prepare for a high-speed record run at Daytona Beach in January 1956.
Duntov modified the Corvette by replacing the windshield with a curved Plexiglas windscreen and fitting a fiberglass tonneau cover over the passenger side of the cockpit. Zora also fabricated a fiberglass headrest-tailfin for high speed stability.
Zora then went to work on the engine, increasing displacement from 283 to 307 ci and ordered a special camshaft from Engineering before loading EX87 onto a trailer and heading for GM’s Arizona Desert Proving Ground.
Engineering delivered “Duntov’s Cam” to the proving grounds and once installed, the test mule set a new record of 163 miles per hour. That cam became know as the “Duntov Cam”.
Once testing at the proving grounds was completed, the engine was pulled and installed in another famous Corvette #6901 which set a new record at Daytona with a run of 150.583 mph.
Following the death of Smokey Yunick in 2001, his widow called friend Steve Tate and said she had “some stuff around the shop” and to come see if there was anything he wanted. Among that “stuff” was an engine marked “Record Run”, the same engine Smokey installed in EX87/5951.
Tate tracked down the car and purchased it and its original Chevrolet experimental log book. Tate restored the Corvette and reunited it with the engine that set records so long ago. Upon completion, the Corvette was featured at the 2003 Bloomington Gold Corvette show.
The 1954 EX87 Corvette is one of the featured cars being auction by Mecum at the company’s Spring Classic in Indianapolis on Friday, May 15th. The auction will be part of the Mecum’s Muscle Cars and More TV show on HD Theater. Visit Mecum Auctions for more info and the car list for the Original Spring Classic Auction.
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At last weekend’s Barrett-Jackson Collector Car Auction in Palm Beach, Florida, this 1959 Corvette Resto-Mod stole the show and ended up at the top of the Corvette pricing chart for the three day event. The custom C1 roadster hammered for $135,000 and with a 10% buyers commission, the total price rose to $148,500.
1959 Corvette catalog description from Barrett-Jackson:
Features a new custom body with a custom chassis, chrome C4 suspension, new C4 4-wheel disc brakes, new GM LS3 Cammer engine with 500hp and a 2 year GM warranty. Equipped with all chrome components from Street & Performance including a 4L60E 4-speed.
A 1959 custom Corvette that was just completed. Features a new custom body with a professionally-built custom chassis, chromed C4 front and rear suspension with 5-way dampened chrome Aldan shocks, new drilled and slotted C4 4-wheel disc brakes, a brand new GM LS3 Cammer engine with 500hp and a 2-year GM warranty. It is fully equipped with all chrome components from Street & Performance including a 4L60E 4-speed transmission. The car has power steering, power brakes, tilt wheel, air conditioning, power windows and custom polished stainless steel Magnaflow exhaust. It is also equipped with AM/FM/CD stereo with 7″ LCD screen for rear view camera plus DVD player,18″ Intro wheels on front and 20″ on back with Nitro Extreme tires, power activated hood and trunk. The custom Ivory and Red/Orange leather interior is beautifully done. Car does not come with a top, but a standard 1959 Corvette hard or softtop will fit. The car has attended 2008 Bowling Green Goodguys Show where it received a Fab 5 Pick. It drives like a new ‘Vette and is absolutely stunning.
Corvette Sales for the three day auction event raised over $2.15 million. Click here for the Corvette Auction Results from Barrett-Jackson Palm Beach.
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While many dealers are offering special deals and financing to help sell Corvettes during this sluggish economy, leave it to Proteam Corvette’s Terry Michaelis to offer a real incentive to save on 36 Corvettes. Dubbed the Stimulus Sale, Proteam has dropped the prices significantly on a number of Corvettes in their inventory and we’re not just talking about junk. On the list are fuelies, big blocks, matching numbers/Bloomington Gold examples and the savings are as much as $50,000.
Here are a few examples from Proteam Corvette’s Stimulus Sale:
146X..1967 Corvette Coupe, 327-300 hp, 4 speed, numbers match with the original factory body/trim tag, three owner car. Marlboro Maroon paint with Black interior. Very nice older paint (showing minor patina) with a mostly original interior in very nice condition reflecting 40 years of exceptional care. Newer chrome, brakes, exhaust, and tires. Optioned with factory side exhaust, 3.36 posi, SS brakes, tinted glass, B.O. aluminum wheels, and red stripe radials. Most all factory correct type components including the jack, jack tools, seat belts, washer system, shifter, shielding, air cleaner, and T-3 headlights. Documented with the tank sticker (still on tank). Just in from Arizona. Looks, runs, and drives excellent. CC:2/+3 Regularly priced at $69,995 – Now $49,998. Click here to view more
186Z..1960 Corvette Convertible, 283-230 hp, (2×4′s), 3 speed, numbers match. Ermine White paint with Silver coves, Red interior, and White soft top. Body-on restored with newer paint, interior, top, chrome, stainless, and exhaust. Multiple award winning car. Optioned with Wonderbar radio, dual fours, aluminized exhaust, sunvisors, windshield washers, courtesy light, heater, hubcaps, and 6.70×15″ wide white tires. Most all factory correct type components including the spare, jack tools, trunk mat, trunk liner, rebound straps, seat belts, washer system, shifter, shielding, air cleaner, generator, carbs, fuel filter, owners manual, sales brochure, and T-3 headlights. Documented with show awards, GM manuals, owners manual, assembly manual, NCRS judging manuals, and a box of related receipts and registrations. Also editorialized by Vette Vues magazine. Three owner car that looks, runs, and drives excellent. CC:2/+3 $69,995 – Now $55,000. Click here to view more
273Z..1955 Corvette Convertible, 265-195 hp, powerglide, numbers match. Gypsy Red paint with Ivory/Red stitched interior and Beige soft top. One of 180 produced of the total (700) in Gypsy Red in 1955. Body-off restored in show condition. NCRS Top Flight certified, Bloomington certified, many best in show and concours awards. Showcased at Bloomington Gold and Corvettes at Carlisle in 2005. Editorialized by Corvette Fever and Corvette Enthusiast magazines. Optioned with powerglide, Wonderbar radio, e-brake warning light, windshield washers, courtesy lights, heater, dual mirrors, hubcaps, and 6.70×15″ wide white tires. Most all factory correct type components including the spare, jack, jack tools, floor mats, trunk mat, trunk liner, side windows, side window bags, rebound straps, spiral shocks, washer system, tar top battery, shifter, shielding, braided wires, air cleaner, generator, hood pop-ups, coil cover, guide Y-50 mirrors, owners manual, and sales brochure. This is an opportunity to own one of the best 1955 Corvettes in the world. Looks, runs, and drives excellent. CC:1 $169,000 – Now $138,000. Click here to view more
1009A..1964 Corvette Miss Mako Convertible, two tops, fuel injected 350 with parade friendly automatic, factory original body/trim tag. Custom Dark Blue replica painted to emulate one of nature’s most feared creatures, the “Mako Shark”, of which, the original multi-million dollar Mako Shark is owned by the GM Heritage Collection. Miss Mako is a one-of-a-kind feminine replica of Bill Mitchells’ original Mako Shark I concept car. Mr. Mitchell caught a Mako shark while he was shark fishing and it sparked the idea in him to style the next Corvette after the sleek and speedy fish. Internationally famous Miss Mako toured the USA over a two year period covering over 80,000 miles raising money for local charities at national Corvette and car shows cementing its place in Corvette folklore. Optioned with unique Mako Shark side exhaust, power steering, power brakes, auxiliary hardtop, AM/FM stereo cassette radio, back-up lights, seat belts, polished American torque thrust II wheels and blackwall radials. Most all factory correct type components. This car has been featured in Corvette Fever, Vette Magazine, Vette Views, Cars and Parts magazine and the National Corvette Museum American Sports Car Magazine. Its past owner was Joan Spoerndle known as MakoMama. For more information on Miss Mako and its Corvette folklore, just google Miss Mako. Looks, runs, and drives excellent. CC:+2 $69,998.00 – Now $55,000. Click here to view more
Visit Proteam Corvette to view the list of Corvettes being offered in the Stimulus Sale. Terry tells us that prices are firm and no trade ins will be accepted. The Stimulus Sale ends on March 30th so you better get moving if you want to save on some of the finest classic Corvettes offered for sale.