When Brian Hobaugh’s dad bought a 1965 Corvette to compete in the world of autocross back in 1983, he probably didn’t realize he was creating a family legacy that shows no signs of ending anytime soon.
But that’s exactly what he has created over the past 30 years with his magnificent 1965 Sting Ray that has never known anything but life on the autocross since it was created in St. Louis, Mo.
Right on the heels of the record breaking 1967 L88 Stingray which sold for $3.2M at Mecum’s Dallas Auction September 7, Dana Mecum is out to break his own record for the price paid for a Corvette. The “Dealmaker” knew he’d have to do something spectacular for an encore at his upcoming Chicagoland Auction, October 10-12, and as if pulling a rabbit out of a hat he is magically offering the special modified 1963 Corvette given to Harley Earl by GM honoring his contribution to the corporation and Corvette, Harley Earl’s personal Corvette.
One of the coolest recurring Corvette shows that happens once every couple of years is Vettes and Jets on the Lex. Over 300 Corvettes are loaded onto the flight deck of the retired aircraft carrier USS Lexington for a two day Corvette show. The Corvettes are parked next to many of the retired jets from our Armed Forces and proceeds of the event goes to support The Wounded Warrior Project.
Dana Mecum’s favorite car has to be the Chevrolet Corvette, especially if solely based on the number of outstanding high dollar cars that were hammered down during the last four days of his third Dallas auction.
It was clearly evident that Corvettes carried the four-day auction and were the car of choice for collectors where a new record price was paid for a Corvette ($3.2M, a 1967 L88, fully documented former NHRA record holder and the only ’67 L88 to retain its original body panels).
Of the 172 Corvettes that crossed the block 106 were sold, a 61% sell through rate, for a combined hammer price of $9.106M. Though some buyers were able to grab some excellent bargains during the first two days of the sale, the last two days saw spirited bidding and prices well above average. Almost twenty Corvettes were hammered down above $100K. It seemed as though most restored second generation cars were selling between $100K to $150K and if the car had any rare options it was selling close to or above $200K.
Photo Courtesy of Mecum
On Saturday afternoon at the Mecum auction in Dallas, Lot #123 – a 1967 L88 Corvette Roadster from the Buddy Herin collection took center stage. After five minutes of auction banter, the documented 1-20 L88 Corvette Sting Ray became the highest selling Corvette to ever sell at auction with a gavel price of $3.2 million.
Right on the heels of his successful Monterey event which generated over $31M in sales, Dana Mecum is headed to the Lone Star state to host another auction extravaganza, September 4th through the 7th. This will be Mecum’s third year for his annual Dallas event held at the convention center and will be loaded with over 1400 collector cars featuring over a hundred Corvettes including several examples of the six generations.
One of the topics I love covering at the big Corvette shows are the vanity plates that owners put on their Corvettes. Corvettes at Carlisle is no exception as the thousands of Corvettes parked in the fun field and surrounding lots make for a target rich environment when it comes to seeing the fun and witty comments that owners put on their cars.