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.
BK in Georgia submitted this 1978 Silver Anniversary Corvette to Corvette Values:
1978 Corvette T-Top Coupe. VIN: 1Z8748S427XXX Silver Anniversary model, L82 350/220 hp. Automatic transmission. 17,800 original miles. Power steering, power brakes, power windows, AC, tilt-tele steering column, factory wheels. Two-tone silver anniversary paint in good condition as is the interior. No documentation.
Find out how we valued this Corvette after the jump.
In addition to the hood from the #4 Corvette C6.R that was sold for $3,000, several other parts from the race cars were auctioned by Corvette Racing’s Doug Fehan and Ambassador Ron Fellows at the Corvette Corral at the 12 Hours of Sebring. The money raised was donated to Motorsports Ministries, an organization offering non-denomination services at the track since 1985.
[VIDEO] Corvette Racing Auctions a C6.R Hood at the 12 Hours of Sebring
[VIDEO] Doug Fehan’s Corvette Racing Presentation at the 2010 12 Hours of Sebring
[VIDEO] Interview with Corvette Racing’s Doug Fehan at Sebring