Lost in our coverage of news from the 12 Hours of Sebring a couple weeks ago was that ExxonMobil and Corvette Racing have extended their partnership in a new multi-year deal. The partnership marks the 14th consecutive year in which the Mobil 1 brand as been a major sponsor for Corvette Racing and the “Official Lubricant of Corvette Racing.” In this multi-year agreement, the Mobil 1 logo will be featured on the Corvette C6.Rs, team uniforms and vehicles.
Barrett-Jackson concluded their three day collector car auction in Palm Beach this weekend and based on auction totals, the Corvettes did pretty well. Over the weekend, we counted 48 Corvettes and 1 corvette-powered boat that sold at the no-reserve auction. Total sales of Corvettes reached $2.9 million.
Saturday Night at the Barrett-Jackson Auction in Palm Beach, Rick Hendrick of NASCAR fame purchased the first retail (VIN 001) 2011 Corvette Z06 Carbon limited edition. The hammer price was $270,000 and with buyers commission, the total sale was $297,000. Rick will be able to tour the GM Performance Build center in Wixom as well as watch the assembly of his new Corvette Z06 later this summer in Bowling Green.
The C4 version of the Corvette ZR-1 was nicknamed “The King of the Hill” for good reason. At a time when the standard Corvette’s horsepower was 245, the 1990 Corvette ZR-1 was powered by the new 375-horsepower LT-5 V8 which featured a 32-valve dual overhead cam. Looking back today, Corvette’s return to the world stage of sports car performance can be directly attributed to this special edition.
When we published the final production numbers for the 2009 Corvettes, we said thirty years from now Corvette collectors would be seeking out the GT1 ALMS Championship and the Competition Sport Editions due to their low production numbers. Actually, it only took one year as this 2009 Arctic White Competition Sport Coupe sold for more than its original MSRP and became the top seller on Day 1 of the 2010 Barrett-Jackson Palm Beach auction.
GM reported March sales of America’s sports car set its best mark in three months with 955 Corvettes delivered. That mark is 331 more than February and 101 more than January. We’re glad to see the figure moving upwards but calendar year to date sales (Jan-Mar) are still -20% down from the same time period a year ago.
The Barrett-Jackson Collector Car Auction this weekend in Palm Beach sort of snuck up on me so I’m sorry I didn’t get the schedule published sooner. The Palm Beach auction features 48 Corvettes and 1 Corvette-powered boat. The three day auction is being carried on the SPEED network and you’ll also be able to watch online. Like always, we’re working with SPEED to bring you some of the best and most interesting auctions.
RM Auctions held their Collector Cars of Fort Lauderdale event last weekend which featured 36 Corvettes. Auction results show 23 of the 36 Corvettes were sold for a sales success rate of 64% and total sales topped $1,186,700. Many of the Corvettes came from the estate of collector John O’Quinn and those were sold without reserve.