This Ermine White 1966 Corvette Convertible was one of the high points on the first day of Mecum's Corvette auction at the annual Bloomington Gold show in St. Charles, Illinois. The L72 427/425 hp V8 powered Corvette crossed the block early Friday and was sold for $83,500. Video of the sale is after the jump.

In 1966 the very first 427 engines found their way into Corvettes. Legend has it that the horsepower rating was over 450 but GM artificially deflated the numbers to please the insurance industry. The new power plant boosted the sting Ray's street-cred immediately: 0-60 mph in 5.7 seconds and a 14-sec quarter mile.

This Ermine White Corvette is a numbers matching original example featuring the L72 427/425 hp engine. The V8 is mated to a 4-speed transmission with aggressive 4.11 gears while the exhaust exits through its distinct shrouded side pipes. Original Kelsey Hayes knock-off wheels, two tops and a teak wood steering wheel complete the classic package.

Both buyer and sellers should be pleased with this sale. The $83,500 paid puts this car in the top 20 of 1966 Corvette 427/425 prices according to Corvette Market's Database and our Corvette Price Guide has the 1966 Corvette appreciating at 7% per year. Not too shabby in this economy!

Source:
Mecum

Related:
Mecum's Two-Day Corvette Auction at Bloomington Gold Show
Auction Preview: Mecum Selling Harley Earl's 1963 Corvette Roadster

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Corvette | Vette | Chevrolet | Chevy | GM | 1966 | Convertible | Auction | Mecum | C2 | 427 |