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”.
The Corvette Daytona Prototypes made their inaugural debut at the 50th Rolex 24 Hours at Daytona. After a brutal 24 hours of round-the-clock racing, the No. 5 Action Express Corvette DP led the way for Team Chevy and the Corvette DPs with a 5th place overall finish. Corvette Racing’s factory drivers in the No. 90 Spirit of Daytona Racing Corvette DP finished 8th while in GT, Tommy Milner and Jordan Taylor in the No. 88 Autohaus Camaro GT.R finished 10th in class.
Chevrolet is ready to kick off the GRAND-AM Racing 2012 season as five new Corvette Daytona Prototypes are ready for their first combat mission at this weekend’s Rolex 24 at the Daytona International Speedway. The five Corvette DPs will allow Chevrolet to challenge for the overall win at the Rolex 24 for the first time in 11 years. Also competing at the Rolex 24 under the Team Chevy banner are three Camaros running in the GT class.
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.
We tuned in to Saturday evening’s live stream of the Russo and Steele auction to catch some of rare Corvettes that were offered for sale. This 1968 L88 Corvette Roadster was one of the major attractions at the Scottsdale auction and it sure didn’t disappoint, selling for a cool $625,000. With the 10% buyer’s commission, price out the door was $687,500.
For years Corvette experts, restorers, and judges have debated the topic of engine stamp pads. Who would have thought that such a small area of metal with some numbers stamped in it could cause so much debate? As the Corvette hobby and vehicle values have grown there’s been an increasing focus on OEM stamps from the plant versus restoration restamps and outright fraud. In response to all the discussions, Bloomington Gold has come up with a series of standards to address this controversial topic.
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.
The annual Barrett-Jackson Scottsdale auction spectacle gets underway this week with over 100 Corvettes offered on the 6-day long sales docket. As always, SPEED will have 39 hours of live coverage of the event starting Tuesday, January 17th.
The consignment team at Barrett-Jackson has assembled a diverse selection of America’s sports car for 2012. In addition the Chip Miller Charitable Foundation 1969 coupe and the first saleable VIN 2013 427 convertible, there’s everything from low-mile originals to ultra-modified cars for bidders to choose from.