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[VIDEO] Gulf One 1963 Corvette Z06 Sells for $1.05 Million

by Keith Cornett on January 25, 2009

Gulf One 1963 Corvette Z06 Race Car

Dr. Dick Thompson, aka “The Flying Dentist” dominated SCCA racing in 1963 with this factory-backed 1963 Corvette Z06 race car. On Saturday afternoon at the Mecum High Performance Auction in Kissimmee, Florida, the “Gulf Oil” Corvette dominated the field once again with an auction-high gavel price of $1,050,000!

Dr. Thompson was on hand to sign autographs and introduce his old Corvette. He joked that the Corvette looked better today than it did when he was driving it. Noted Z06 historian Eric Gill was also on the stage and showed the original starting lineup for the 1963 24 hours of LeMans that had “Gulf One” in the #1 position followed by Mickey Thompson’s Z06 in position #2. Unfortunately, GM pulled out and “Gulf One” never made it to France to compete on the world stage.

Bidding on the “Gulf One” Corvette Z06 opened at $400,000 and quickly climbed to $900,000. When the bid topped $1 million the crowed cheered and that seemed to elicit one more bid of $1,050,000 which removed the reserve. No other bids came in and the hammer dropped on this historic race car.

Although the $1.05 million selling price of “Gulf One” is significant, it was still less than the $1.485 million paid for the 1962 Gulf Oil Corvette that sold in August of 2008 at Gooding & Company’s Pebble Beach auction. That Corvette was also driven by Dr. Dick Thompson who finished first in class 12 times including wins at Daytona and Sebring and captured the 1962 SCCA-A production championship.

Sources:
Mecum

Related:
[VIDEO] Auction Preview: Gulf One 1963 Corvette Z06 Race Car
Breaking News: Corvette Grand Sport #002 Fails to Reach Reserve
1962 Gulf Oil Corvette Sells for $1.485 Million at Pebble Beach

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2004 Corvette Convertible - The Last C5 Convertible

Chevrolet dealer and noted collector Bob McDorman has brought nearly a dozen of his Corvettes to the Mecum auction in Kissimmee, Florida this weekend to sell. Unlike many of McDorman’s Corvettes that feature low VIN’s, lot #F266, a 2004 Corvette Convertible, has a high VIN at 31,945, but it is unique as it holds the distinction of being the last C5 convertible produced.

The last C5 Convertible is a 2004 Commemorative Edition Corvette, painted in LeMans Blue and outfitted with Shale interior, special embroidery and badges. Following production, the Corvette was sent over to the Museum where it was used as a “Give-Away” car. We are unsure of exactly how the Corvette came into possession of Bob McDorman, but like many Corvettes in his collection, the mileage is low with just 2,600 miles reading on the odometer.

This Corvette hit the Mecum auction block a little after 9pm on Friday night and was sold for $32,500. We thought it was a good deal for both buyer and seller as the price was in-line for a low mileage, condition 1 2004 Corvette convertible. The fact that it’s the last C5 Convertible and a former Bob McDorman Corvette will undoubtedly make it more valuable as time goes by.


Source:
Mecum Auction

Related:
[VIDEO] Auction Preview: Gulf One 1963 Corvette Z06 Race Car

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Weekend Plans: NCRS Corvette Show and Mecum Auction

by Keith Cornett on January 23, 2009

NCRS Winter Regional

Our bags are packed and reservations have been confirmed. We’ll be spending some quality time in Orlando, Florida this weekend as two of our favorite Corvette events have hit the Sunshine state: The NCRS Winter Regional and Mecum’s High Performance Auction.

At the Winter Regional, our favorite pastime is to walk the vendor and swap meet area. I’m on the hunt this year for the logo inset that is housed in the middle of the spinner on a 1966 Corvette hub cap. I’ve also been toying with the idea to go retro with my license plate. Florida DMV allows classic car owners to use actual license plates from years past so I am going to look for a clean 1966 Florida plate.

At the Mecum Auction, we of course will be there on Saturday afternoon for the sale of Gulf One, the 1963 Corvette Z06 race car. The Flying Dentist, Dr. Dick Thompson will there to watch his old car get sold. Bob McDorman will also be selling a few cars from his collection of celebrity-owned and low mileage Corvettes.

So if you see this guy walking around either event, make sure you come up and say hi. We’ll have photos and videos early next week when we return.

Sources:
NCRS Florida
Mecum

Related:
[VIDEO] Auction Preview: Gulf One 1963 Corvette Z06 Race Car

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Corvette Ad Watch: Vintage 1960 Corvette Poster

by Keith Cornett on January 22, 2009

Vintage 1960 Corvette Poster

This vintage poster features five 1960 Corvette Roadsters driving in formation and poses the question: “For ten seconds try to imagine what owning a Corvette would be like…” As Corvette owners, we can agree with the answer: “You’re close, but it’s better than that!”

Click here for a larger version of the ad.


Source:
Fun House @ Flickr

Related:
Corvette Ad Watch: AC Spark Plugs and the Mako Shark
Corvette Ad Watch: 505 Horses + You = The Corvette Z06

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Gulf One 1963 Corvette Z06 Race Car

Mecum Auctions calls “Gulf One” the most desirable 1963 Corvette Z06 of them all! Delivered from Yenko Chevrolet to Gulf Oil’s Grady Davis in October 1962, this Corvette Z06 was race prepared and rushed down to the Puerto Rico Grand Prix where it scored its first class win. With the “Flying Dentist” Dr. Dick Thompson at the wheel, the Gulf Oil sponsored Z06 became the most successful factory-backed production racing Corvette of the C2 era.

In addition to the Z06′s historical racing achievements, the Corvette itself is significant as it represented at the time the most dramatic advance in production Corvette performance. Of the 21,513 Corvettes produced in 1963, Gulf One was 1 of only 14 regular production Corvette Serial Numbers assigned specifically for competition and it was the first of 2 Serial Numbers assigned to Yenko Chevrolet specifically for competition.

After the win at Puerto Rico, Gulf One took the A-Production class win at Marlboro, Maryland in January 1963 and then was prepped for FIA competition for races at Daytona and Sebring. Thompson and Gulf one placed third overall and first in GT3 class at Daytona in February behind two Ferrari GTO’s, but a disappointing gearbox failure at Sebring marred the car’s impressive qualifying performance.

Thompson barnstormed Gulf One across the country, winning 1st place overall at the SCCA President’s Cup at Marlboro, Maryland and the A/Production class at Danville, Virginia and Road America. In all, Gulf One saw more racing combat in more venues than any of the other “Specially Assigned” factory Z-06’s and was always at the front of the pack.

Today, the Gulf One Corvette Z06 has been restored and appears as it did on the starting grid of the 1963 Sebring 12 Hours. Mecum will auction the Corvette this Saturday around 2:30pm at the annual Mecum Kissimmee auction in Central Florida. On hand to witness the sale as well as meet and greet fans is the “Flying Dentist” himself, Dr. Dick Thompson.

CorvetteBlogger will be spending some quality time in Orlando with both the NCRS Winter Regional Meet and the Mecum auction featuring 750+ cars. I’ll have results and auction videos early next week.

Sources:
Mecum

Related:
Breaking News: Corvette Grand Sport #002 Fails to Reach Reserve
1962 Gulf Oil Corvette Sells for $1.485 Million at Pebble Beach

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Rumor: 2010 Corvette to Include a Grand Sport Widebody?

by Keith Cornett on January 21, 2009

1996 Corvette Grand Sport

Update: The Corvette Grand Sport was introduced on April 24, 2009 at the National Corvette Museum’s C5/C6 Bash. We have updates which include:

Exclusive Photo Gallery: 2010 Corvette Grand Sport
[VIDEO] Introduction and Reveal of the 2010 Corvette Grand Sport


Talk of “Change” is in the air, but luckily our focus is on Corvettes and what may be coming our way in 2010. A CorvetteForum member was perusing the GM computer system and claims he saw a Grand Sport option for both Coupes and Convertibles in 2010. The RPO Z16, used in 1996 to describe the Grand Sport package was also mentioned. However, something else is afoot, as we are seeing how just one word is causing the Corvette enthusiast community to swoon: widebody.

A widebody describes the Corvette Z06′s increased width over the Coupe and Convertible models due to the flared front and rear fender panels that house the larger Z06’s wheels and brakes. A Widebody conversion, especially the rear portion which when done by itself is referred to as a “widebooty, is one of the more popular C6 Corvette body modifications which can cost upwards of $10-$15K.

The last few special editions rolled out by GM have been nothing more than special paint schemes and embroidered seats, no doubt conceived by marketing types to sell more Corvettes. Normally, we are okay with that but some special edition Corvettes require a little something extra to make them special. As in the case of the coming 2009 Competition Sport Corvette, is it more of a performance model over that of a regular Coupe because it comes with a user-affixible numbers to paste on the doors?

A Grand Sport widebody on the other hand changes the game. A unique body style would make the Corvette special. Add some goodies like the Z06’s brakes and then wrap it up in the Grand Sport livery with special paint and interior trim and you’ve got a guaranteed winner.

Like any rumor, those that know aren’t talking and those that don’t anything are talking too much. Watching the chatter over the next couple months will be interesting and it gives us something to look forward to. Hopefully as we get closer to the Corvette Bash in April we will start to get some solid news that will surely please the enthusiast community: The return of the Grand Sport Corvette.

Sources:
Corvette Forum

Related:
C7 Corvette Rumors: No Mid-Engine and C7 Pushed Back to 2014

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1963 Corvette Fuelie

The results are in for the 2009 Barrett-Jackson and GM was officially declared the winner for bringing a number of prototypes and engineering Corvettes to the Scottsdale auction, particularly the C4 ZR-1s. In fact, while we believe that many of the Corvettes that sold last week were exceptional cars, because its Barrett-Jackson, we also expect the memorable. Without GM’s Heritage Collection, this would have been just another auction.

Of course we remember last year’s star attraction, the 2009 Corvette ZR1 that sold for $1 million. Who would have predicted that 2009′s star Corvette attraction would be the ZR-1s from the C4 Corvette era.

The GM Heritage Collection stole the show with three Corvette ZR-1′s ranking in the top five of Corvette sales. The top seller of all Corvettes was the $286,000 paid for a 1989 DR-1 Corvette, a Convertible ZR-1 prototype. A 1989 Corvette ZR-1 press car sold for $198,000. Rick Hendrick purchased the 1989 Corvette ZR-1 “Snake Skinner” for $176,000, and the 1990 “Active” Corvette ZR-1 sold for $150,000.

Following a popular trend in recent years, there were several C4/C6 ZR1 combo deals offered. These pairings were packaged more for convenience than collectability. A 1990 Corvette ZR-1/2009 Corvette ZR1 sold for $203,500 while another featured a 1993 40th Anniversary Corvette ZR-1 paired with a 2009 Cyber Gray Corvette ZR1 Coupe that sold for $198,200. Interestingly, both the C4 Corvette’s catalog description said they were owned by Dave Ressler, the Chevrolet dealer that paid $1,000,000 for the first retail 2009 Corvette ZR1.

But not all Corvettes at Barrett-Jackson this year were GM Heritage cars or ZR-1s. The second highest price for a Corvette was $220,000 set by a highly documented 1959 Corvette Roadster featuring a 283/245 dual quad V8 and was 1 of 888 painted in Crown Sapphire. This Corvette has appeared in the Bloomington Gold Special Collection three times, awarded an NCRS Duntov, multiple top flights and is a Bloomington Gold Survivor.

Here are the top 15 Corvette sales at the 2009 Barrett-Jackson Collector Car Auction in January. Click here to download the Corvette auction results.

LOT # YEAR MAKE/MODEL STYLE PRICE
1218 1989 CORVETTE DR-1 CONVERTIBLE * $286,000
1019 1959 CORVETTE CONVERTIBLE 283/245 $220,000
1230.4 1989 CORVETTE ZR-1 COUPE * $198,000
396.1 1989 CORVETTE ZR-1 COUPE "SNAKE SKINNER" * $176,000
1247 1967 CORVETTE "SHRINER" COPO CONVERTIBLE $176,000
1260.1 1963 CORVETTE COUPE 327/360 FI $165,000
1318 1967 CORVETTE CUSTOM COUPE $165,000
1337 1967 CORVETTE CONVERTIBLE 427/390 $154,000
82 1990 CORVETTE ACTIVE ZR-1 * $150,700
1012 1962 CORVETTE CONVERTIBLE 327/360 FI $148,500
1261.1 1967 CORVETTE COUPE 427/400 $145,200
1327 1967 CORVETTE CONVERTIBLE 427/435 $143,000
1338 1966 CORVETTE CONVERTIBLE 427/390 $139,700
1255.1 1958 CORVETTE RESTO-MOD $137,500
1263.1 1963 CORVETTE COUPE 327/360 FI $137,500


Source:
Barrett-Jackson Collector Car Auction

Related:
[VIDEO] 1967 “Shriner” COPO Corvette Roadster Sells at 2009 Barrett-Jackson
[VIDEO] 1989 Corvette ZR-1 “Snake Skinner” Sells at 2009 Barrett-Jackson
[VIDEO] 1990 Corvette “Active” ZR-1 Sells at 2009 Barrett-Jackson
[VIDEO] 1989 Corvette ZR-2 Sells at 2009 Barrett-Jackson

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[VIDEO] 1967 Corvette Coupe Sells at 2009 Barrett-Jackson

by Keith Cornett on January 18, 2009

1967 Corvette Coupe Sells at 2009 Barrett-Jackson

Here is a 1967 Corvette Coupe in Sunfire Yellow with Black interior that gaveled for $132,000 Saturday night at the 2009 Barrett-Jackson collector car auction. Powered by the L68 427 ci/400 hp V8, the coupe came equipped with air conditioning and 13 other options as documented by the original tank sticker. The Corvette Coupe received two NCRS Top Flight awards in 2008 and a Bowtie award in 1997.

From the Barrett-Jackson Catalog:

A Sunfire yellow car with black interior. Equipped with the following options: 427/400hp engine, 4-speed transmission, posi-traction, transistor ignition, AM/FM radio, tinted glass, power windows, head rest, shoulder harness, power brakes, side dual exhaust, telescopic steering wheel, power steering and “Four Seasons” air conditioning. This unique Corvette has earned the very rare and prestigious Five Star Bowtie Award in 1997. A complete and comprehensive rotisserie restoration was completed early 2008. The original motor was totally rebuilt with all new parts and without needing to use oversized pistons. Since completion, the car has been judged two times in 2008 by NCRS earning two Top Flights with scores of 97.7 and 96.2. Scoring sheets will be available. Documentation is presented with the original Tank Sticker. The original title will be presented to the new owner. This perfect example was painted in the original Sunfire Yellow in lacquer paint. I have owned many ’67 Corvettes and I will say this has been my favorite. If you are looking for the real deal, look no further. You will not be disappointed.


Source:
Barrett-Jackson Collector Car Auction
SPEED

Related:
[VIDEO] 1967 “Shriner” COPO Corvette Roadster Sells at 2009 Barrett-Jackson
[VIDEO] 1989 Corvette ZR-1 “Snake Skinner” Sells at 2009 Barrett-Jackson
[VIDEO] 1990 Corvette “Active” ZR-1 Sells at 2009 Barrett-Jackson
[VIDEO] 1989 Corvette ZR-2 Sells at 2009 Barrett-Jackson

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1967

Some Corvettes are famous and some are infamous. Two years after Corvette enthusiasts rose up and cried foul which resulted in a botched eBay auction, the Shriner L88 Corvette makes an appearance at Barrett-Jackson and sells for $176,000.

In December 2005, this Corvette was being sold on eBay as an original 1 of 20 L88 Corvette. Unfortunately for the seller of the car, the son of the Corvette’s original owner had an extensive history on the car as the 1967 roadster was 1 of 13 Shriner Parade Cars that were all originally equipped with small blocks. Click here to read our original post: Seller of Fake L88 Caught by Corvette Community

Fast forward to 2009 where the L88 Corvette resurfaces, only this time the Shriner history was embraced. Here is the description from the Barrett-Jackson catalog:

Originally a base motor 300 and upgraded to a 427cid/430hp engine although it is now equipped with an L88 package. Documented as 1 of 13 Shriner COPO cars with a correct L88 driveline. Also features radio delete, correct carb, distributor, etc.

So the same Corvette advertised two years ago as an original 1 of 20 L88 Corvette was today offered as a documented 1 of 13 Shriner COPO Corvette with a correct L88 driveline. Diligent research of the Corvette’s history would have undoubtedly revealed her checkered past. Read what enthusiasts are saying about the car on CorvetteForum.com

During the 2009 Barrett-Jackson auction, SPEEDTV took a commercial break and came back to coverage with the Shriner COPO Corvette already on the block and bidding at $140,000. The Corvette gaveled for $160,000 and with commission, total price was $176,000.


Source:
Barrett-Jackson Collector Car Auction
SPEED
CorvetteForum.com

Related:
Seller of Fake L88 Caught by Corvette Community
[VIDEO] 1990 Corvette “Active” ZR-1 Sells at 2009 Barrett-Jackson
[VIDEO] 1989 Corvette ZR-2 Sells at 2009 Barrett-Jackson
2009 Barrett-Jackson Corvette Auction Preview

 

1953 EX-122 Corvette at New York's Motorama Show

Fifty-six years ago on January 17, 1953 the American public was introduced to the Chevrolet Corvette concept car at the largest car show of the time, General Motors’ Motorama. Held at New York City’s Waldorf-Astoria Hotel, the show attracted over 45,000 people on opening day.

Based on the feedback from the Motorama show, the Corvette was rushed into production and the first production Corvette rolled off the assembly line just six months later on June 30th. Only 300 were made the first year and the sticker price was just under $3,500.

One of the attendees of the Motorama show was a Belgium immigrant named Zora Arkus-Duntov who was so taken with the Motorama Corvette that he wrote a letter to Chevrolet’s Chief Engineer Ed Cole asking to work on the new sportscar. Zora joined GM a few months after this event and went on to transform the Corvette into the performance car we know today.


Source:
NCM Corvette Timeline
Photo Credit: Corvette-World.com

Related:
[VIDEO] Auction Results: 1953 Corvette Sold for $261,800
[VIDEO] Matched Set of 1953/2003 Corvettes sell for $390,500 Technorati Tags:
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