This SlideShowPro photo gallery requires the Flash Player plugin and a web browser with JavaScript enabled.

Fehan Honored and Magnussen Gets Probation
Photo Credit: Richard Prince

 

ISMA, the sanctioning body of the American Le Mans Series said on Monday that Corvette Racing’s Jan Magnussen and Flying Lizards Porsche driver Jorg Bergmeister were placed on a two-race probation starting with Sebring at the start of the 2010 season. The two drivers were issued probation for their parts in the “avoidable contact” that resulted with Jan Magnussen crashing at the finish line at Laguna Seca. The penalty for any further offenses during the probation period will result in a minimum two-race ban from competition.

The American Le Mans Series held their annual awards banquet in Monterey and it was announced that Corvette Racing’s Program Manager Doug Fehan was honored with the “From the Fans” award. The award is Fehan’s second straight From the Fans award which is based on input from fans through voting at AmericanLeMans.com.

Although GT1 was unrecognized in the official ALMS season awards release, our friends at BadBoy Vettes remind us that it was Gavin and Beretta who came out on top of the GT1 drivers. To do so, they had to beat the best in class!


Sources:
Racer.com
American Le Mans Series
Badboy Vettes

Corvette Sales Top $2.14 Million

By all accounts, the 2nd annual Barrett-Jackson collector car auction at Mandalay Bay in Las Vegas was a success. Corvette pricing was strong and bidding was solid. At the conclusion of the three day auction, 29 Corvettes had crossed the block and sales totaled $2,142,250 which includes the buyers commissions. Click through to see the Corvette Results.

The top selling Corvettes were actually a pair of Corvette ZR1s. A 2009 velocity yellow Corvette ZR1 was paired with a Bright Red 1990 Corvette ZR-1 and the duo combined for $205,700. The top selling individual Corvette was a Red 1968 custom Corvette roadster powered by 660 hp V8 that sold on Friday for $198,000. In addition to the high performance 510 cubic inch engine, the Corvette featured a Tremec 5-speed manual transmission, Baer brakes, Boyd Cottington wheels as well as a custom interior. We also witnessed the 1967 Corvette owned by Bruce Willis hammer for $150,000. With the buyers commission, the total sale was $205,700.

Here are the total Corvette results:

LOT # YEAR MODEL STYLE SALE
14.1 1989 Corvette Coupe $11,000
42 1978 Corvette Coupe $37,400
45.2 1972 Corvette Coupe $20,900
50.2 1991 Corvette ZR-1 Coupe $24,200
70 1990 Corvette Callaway Aerobody $34,650
93 1993 Corvette Coupe $23,100
314 1985 Corvette Coupe $20,350
318 1978 Corvette 25th Anniversary Coupe $14,850
326 1978 Corvette 25th Anniversary Coupe $22,000
329 1991 Corvette Coupe $26,950
354 1964 Corvette 327/350 hp Convertible $60,500
363.2 1965 Corvette 327 ci Convertible $58,300
396 1965 Corvette 396/425 hp Convertible $106,700
402.1 1966 Corvette 427/425 hp Convertible $110,000
411 1961 Corvette 283/230 hp Convertible $57,200
639.1 1969 Corvette 427/390 hp Coupe $44,000
659 1964 Corvette 327/250 hp Coupe $75,900
659.3 1967 Corvette Bruce Willis Convertible $165,000
664 1967 Corvette 427/390 hp Coupe $107,250
677.1 2003 Corvette Avelate Convertible $79,200
678 1968 Corvette Custom Roadster $198,000
680 1960 Corvette 283/290 FI Convertible $110,000
685.1 1959 Corvette 283/270 hp Convertible $110,000
688.1 1962 Corvette Custom Convertible $155,100
705 2009 Corvette ZR1 Coupe $102,850
705.1 1990 Corvette ZR-1 Coupe $102,850
717 1958 Corvette LS6 Resto-Mod Convertible $84,700
718 1961 Corvette LS1 Resto-Mod Convertible $95,700
719.2 1966 Corvette 427/425 hp Convertible $83,600
         
      Total Sales: $2,142,250
 


Source:
Barrett-Jackson Collector Car Auction
SPEED

Related:
Barrett-Jackson Las Vegas 2009: Bruce Willis Sells His 1967 Corvette Convertible
Barrett-Jackson Las Vegas 2009: 1961 Corvette Convertible
Barrett-Jackson Las Vegas 2009: 1964 NOM Corvette Sting Ray
Barrett-Jackson Las Vegas 2009: 1993 Corvette Sells for $23,100

Technorati Tags:
| | | | | | | | | | | | | |


 

[VIDEO] Corvette Racing: Jake Never Forgets

by Keith Cornett on October 11, 2009

Corvette Racing: Battle With Porsche Ends Badly for Magnussen, #3 C6.R

With about 9 minutes left in the Monterey Sports Car Challenge, Jan Magnussen and the #3 Corvette C6.R came up behind the class leading #45 Flying Lizard Porsche driven by Joerg Bergmeister and the race to the checkered flag was on. In dramatic fashion, the two GT2 cars traded positions and paint a number of times before the final seconds when after a punt by Magnussen in turn 11, both cars turned up the straightway and raced toward the finish line. Magnussen clearly had the faster car but Bergmeister held a line that put Mags hard into the inside wall just shy of the finish line.

Following the crash, Jan was taken to the trackside medical center where he was examined and released.

“It was really good, hard racing,” said Magnussen. “I didn’t think I even had a chance after I had to give the position back. Going into the last corner I was too far away to make a proper attack, but Joerg parked the car. I didn’t see that, so I slid up and hit him a little – he went sideways and I managed to get on the inside. It was a drag race up the hill, and I managed to get ahead of him. Then he turned me into the wall, and he kept turning in. Then I spun around the nose of his car.”

The Porsche was credited with the 1.037-second victory while Magnussen’s crash propelled him across the finish line for second place. The #4 Corvette C6.R had its own set of unique issues and finished 12 laps down in 10th place.

Following an epic battle such as this, you’ll hear both camps defending the actions of their drivers. Porsche fans say that Mags deserved it as he was driving too aggressive. Corvette fans will say that Bergmeister was blocking for much of the final laps and the push on turn 11 was justified. What I saw was two racing teams who both wanted to win and both were racing hard down to the final flag. I actually think we are seeing the beginning of a great rivalry.

The last two points to make:

  • 159 days until the 12 Hours of Sebring
  • Jake Never Forgets!

The offical press release from Corvette Racing.



Related:
Corvette Racing: Mags Wins First Pole for New GT2 Corvette C6.R
Corvette Racing Wraps Up GT2 Testing at Monterey’s Laguna Seca

Technorati Tags:
| | | | | | | | | | | | |

Corvette Racing: You’ve Got To Watch This Race!

by Keith Cornett on October 11, 2009

Corvette Racing's Wild Finish at Laguna Seca
Photo Credit: Marshall Pruett (SPEED)

Corvette Racing wrapped up the 2009 ALMS season with a bang yesterday at the Monterey Sports Car Championships at Mazda Raceway Laguna Seca. However, since the race is tape-delayed, we’re holding off on our post race coverage until after the race airs this afternoon. If you want to see what Doug Fehan calls some of the best final laps in racing, tune into SPEED today at 2:30 PM EST and check back with us later for a full report.

 

Bruce Willis Sells his 1967 Corvette Convertible

This custom maroon/black 1967 Corvette sure has a lot going for it. Celebrity ownership by an A-list Hollywood actor is just one of the reasons why we tuned to SPEED tonight. This numbers matching 427/435 horsepower L71 Corvette Convertible has all the options of the iconic 1967 sting ray: Convertible body, stinger hood, sidepipes and knock-offs. Throw in the celebrity component and you’ll see why it fetched $150,000 at the Barrett-Jackson Collector Car Auction in Las Vegas.

The story which has been often repeated this weekend is that Willis purchased the Corvette in El Paso during filming of “Last Man Standing”. While the Corvette is mostly stock, Bruce had the car custom-painted. An Alpine 5-CD Changer stashed in the glove box completes the customizations.

In the promotional pictures the Corvette was shown wearing a set of S/S Cragars, but at the auction you see a set of midyear knock-offs on the car, perhaps from 1966 as suggested by one of the commentators. Just goes to show that just because the catalog says so doesn’t make it true. Do you own due diligence!

The ’67 Corvette was previously offered at Bonhams California Classic last year where it was a no sale. Bidding on the classic Sting Ray was fast and furious at Barrett-Jackson where it finally hammered at $150,000. With the buyer’s commission, the total sales prices was $165,000.


Source:
Barrett-Jackson Collector Car Auction
SPEED

Related:
Barrett-Jackson Las Vegas 2009: 1961 Corvette Convertible
Barrett-Jackson Las Vegas 2009: 1964 NOM Corvette Sting Ray
Barrett-Jackson Las Vegas 2009: 1993 Corvette Sells for $23,100
Barrett-Jackson Las Vegas 2009: Corvette Auction Schedule
Bruce Willis’ 1967 Corvette Will Be Offered at Barrett-Jackson Las Vegas Auction

Technorati Tags:
| | | | | | | | | | | | | |

Barrett-Jackson Las Vegas 2009: 1961 Corvette Convertible

by Keith Cornett on October 10, 2009

Barrett-Jackson Las Vegas 2009: 1961 Corvette Convertible

As we moved we deeper into the docket of Corvettes available at Barrett-Jackson’s collector car auction in Las Vegas, we’re starting to see more classic Corvettes on the auction block. This 1961 Tuxedo Black Corvette appeared late on Friday night’s auction and was the first C1 Corvette to be featured this weekend.

The 1961 Corvette featured a restyled front grill without the “heavy teeth” and on the rear there are now 4 taillights instead of 2, a Corvette tradition to this day. This 1961 Corvette features the 283/230 hp V8 and a 3-speed manual transmission – all included on the base model that sold for $3,934 when new. Tuxedo black was the 5th most popular color (out of 7) and was chosen by 12% of buyers.

This 1961 Corvette was purchased by a woman who the SPEED commentators said had one of the busiest pens all day. Sort of breaks from the stereotype of Corvettes owners are all balding middle-aged men suffering through a mid-life crisis. The Corvette was hammered at $52,000 and with the buyers commission, total price was $57,200. Even though the Corvette comes equipped with just the basics, the price is spot-on for a base 1961 Corvette with major curb appeal.


Source:
Barrett-Jackson Collector Car Auction
SPEED

Related:
Barrett-Jackson Las Vegas 2009: 1964 NOM Corvette Sting Ray
Barrett-Jackson Las Vegas 2009: 1993 Corvette Sells for $23,100
Barrett-Jackson Las Vegas 2009: Corvette Auction Schedule
Bruce Willis’ 1967 Corvette Will Be Offered at Barrett-Jackson Las Vegas Auction

Technorati Tags:
| | | | | | | | | | | | |

1993 Corvette Sells for $23,100

The 1964 Corvette Sting Ray has always been the step-child of the mid-year C2 Corvette generation. Combine that fact with a non-original motor and a color combination that wasn’t the most popular and you have all the makings of a lackluster auction. However, this is Barrett-Jackson in Las Vegas and that can only mean that this recently restored 1964 Saddle Tan Corvette performed well on the auction block.

This 1964 Corvette features a Saddle Tan interior, a color chosen by just 8% of buyers. Despite the fact the Corvette is missing its original engine, the non original motor may actually be termed an upgrade as it’s an L79 327/350 hp V8 from a 1967 Corvette. Complete with Corvette-fined manifold covers and a 1964-styled air cleaner, the 1967 Corvette small block looks right at home in the engine bay. Other upgrades include disc brakes, which didn’t appear on Corvettes until 1965.

Bidding on this Sting Ray convertible was strong from the beginning and shot right up to $50,000. The hammer closed out the sale at $55,000 and with the buyers commission added, the total sale rang up at $60,500. A strong price for a non-original Corvette, but not out of the ballpark for a recently restored mid-year convertible.


Source:
Barrett-Jackson Collector Car Auction
SPEED

Related:
Barrett-Jackson Las Vegas 2009: 1993 Corvette Sells for $23,100
Barrett-Jackson Las Vegas 2009: Corvette Auction Schedule
Bruce Willis’ 1967 Corvette Will Be Offered at Barrett-Jackson Las Vegas Auction

Technorati Tags:
| | | | | | | | | | | | |

Magnussen Wins First Pole for new GT2 Corvette C6.R

Jan Magnussen won the the first pole in Corvette Racing’s GT2 era (soon to be just GT) Friday afternoon at Laguna Seca. Mags ran a fastest lap time of 1:23.053 to take the pole at the Monterey Sports Car Championships at Laguna Seca. Oliver Gavin and the #4 Corvette C6.R finished third behind the #62 Ferrari with a lap of 1:23.283.

With today’s effort, Mangussen wins his 10th career ALMS pole and his third straight at Laguna Seca (two in GT1 and one in GT2).

“The Michelins came in really quickly and I kept going faster and faster,” said Magnussen, “In practice I didn’t expect to be fighting for the pole, but we expected to be up near the front. It seemed at the end of every session, the Porsches or Ferrari would do a very fast lap and put us down the order a little bit. To be on pole is just fantastic.”

“The way that we set up the Corvette C6.R, it’s not a qualifying setup – it’s a race setup,” he said. “It’s made to go faster every lap. Obviously we cannot run this fast in the beginning of the race because we will have a lot more fuel, and we’ll expect the car to behave a little differently, but it should go faster and faster. We’ve had a history of doing that.”

Just as the cars got out on the track for qualifying, a race broke out between Oliver Gavin and the #87 Porsche. Gavin was able to get inside and then had clear road to begin his runs.

Gavin jumped from fifth to third on the qualifying list with his final effort.

“The car was going faster and faster as the tires were coming in,” Gavin said. “The car felt very good, but not absolutely perfect, with a touch of mid-corner understeer. Catching traffic on the final lap was a bit frustrating, but Jan had to pass him as well. You always want to be quick, and we’re in the hunt, but not on the pole. Well done to Jan, he did a great job.”

Corvette Racing closes out 2009 at the Monterey Sports Car Championships at Mazda Raceway Laguna Seca in Monterey, California. The four-hour race is scheduled to start at 2:45 PM PDT on Saturday, October 10. SPEED will broadcast the race tape-delayed on Sunday, October 11, at 2:30 p.m. EDT.



Related:
Corvette Racing Wraps Up GT2 Testing at Monterey’s Laguna Seca
Corvette Racing: 2009 Petit Le Mans Photo Gallery
[VIDEO] Corvette Racing’s Doug Fehan on the Direct Injection Controversy
Corvette Racing: Ferrari and Porsche Complain to ACO

Technorati Tags:
| | | | | | | | | | | | |

1993 Corvette Sells for $23,100

Regular production C4 Corvettes aren’t really known for their collectability yet, but sometimes one comes along that piques our interest and this 1993 Arctic White Corvette Coupe did just that as it crossed the auction block on Thursday evening at Barrett-Jackson’s Las Vegas Collector Car auction. Apparently I wasn’t alone in my thoughts as Lot #93 was hammered for a strong price of $21,000. With the buyer’s premium, the total selling price was $23,100.

The C4 Corvettes marked an interesting time period for the Corvettes and some will argue that Corvette’s return to premium sports cars status started with the iconic 1984 Corvette. However, the differences between the first Corvettes of the C4 generation compare greatly to those cars after 1992 when the C4 received the LT1 350 cubic inch 300 horsepower V8 engine.

SPEED’s announcers particularly liked this Corvette and called it the perfect compliment for the guy who also owned a 1953 Corvette. While we believe there are only about 150-170 of “those guys” out there with a first year Corvette in the garage, we agree that a White with Red interior Corvette does make the perfect the anniversary model even when though the true 40th anniversary models were Ruby Red.

Only 15,898 Corvette coupes were produced in 1993 so the model year doesn’t suffer from over-production which keeps prices down. Arctic white was the third most popular color (3,031) coming in behind the Rub Red anniversary color (6749) and Torch Red (3,172).

This Corvette features the Corvette Preferred Equipment Group #1 option which provides electronic air conditioning, Delco/Bose music system, electronically tuned AM/FM stereo, radio with Seek-Scan, digital clock stereo cassette tape, compact disc player, blue removable roof panel, leather sport bucket seats, 6-way power driver’s seat and 6-way passenger power seat.

Being in mint condition with just 26,072 miles on the odometer and documentation also helped push this Corvette’s value higher.

Our Corvette Price Guide shows a high price of $15,000 for standard 1993 Corvette coupes while the high price on a Corvette convertible of the same year was more than double that at $34,500. So while the buyer paid a premium for that particular model, the price was still consistent with other models from the same year. Of further note is that we still show the standard 1993 coupes depreciation at just 6% last year which is the lowest percentage of Corvettes from 1993. The convertible models from 1993 show double-digit depreciation of 12% last year.

Based on the condition of the Corvette, we believe both buyer and seller should be happy with the outcome of this sale.


Source:
Barrett-Jackson Collector Car Auction
SPEED

Related:
Barrett-Jackson Las Vegas 2009: Corvette Auction Schedule
Bruce Willis’ 1967 Corvette Will Be Offered at Barrett-Jackson Las Vegas Auction
[VIDEO] 1959 Corvette Resto-Mod Top Seller at Barrett-Jackson Palm Beach Auction Results: Barrett-Jackson Las Vegas Tops $3.3 Million in Corvette Sales

Technorati Tags:
| | | | | | | | | | | | |