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Corvette Auction Results: Mecum at Monterey

by Keith Cornett on August 17, 2009

Corvette Auction Results: Mecum at Monterey

The Mecum in Monterey auction was held on Saturday and over 200 cars were featured including 25 Corvettes. Despite the nice mix of unique and important cars in Corvette history, most failed to reach the reserve price and went unsold. Just 8 of the 25 Corvettes did sell for a total take of $651,000 and a 32% sales success rate. Two Corvettes topped the $100,000 mark with the top seller being the 1967 “Ed Cole” L89 Corvette Coupe which we’ve named our Deal of the Year. Second on the list was a 1969 L88 Corvette Coupe that sold for $150,000.

Two historic former Corvette racers driven by the Delmo Johnson/Dave Morgan race team generated the most interest of the 25 Corvettes although both failed to sell. The 1963 Corvette Z06 race car had a high bid of $700,000 while a 1962 Corvette was bidded up to $600,000.

In addition to the 1967 Ed Cole Corvette, another C2 we believe to be well bought was a matching number’s 1966 Corvette Coupe equipped with a 427/390 hp V8 that sold for $51,000.

Here is the full Corvette results list from the Mecum at Monterey auction:


LOT YEAR STYLE HIGH BID SOLD PRICE
S6 1962 Corvette Convertible 327/360 HP Fuelie $52,000  
S13 1971 Corvette Convertible 454 CI, 4-Speed   $26,500
S39 1957 Corvette Convertible 283/283 HP Fuel Injected, 3-Speed $76,000  
S48 1966 Corvette Coupe 427/390 HP, 4-Speed   $51,000
S49 1960 Corvette Convertible 283/315 HP FI, 4-Speed $70,000  
S55 1963 Corvette Coupe 327/340 HP, 4-Speed   $60,000
S62 1969 Corvette Convertible 427/435 HP, 4-Speed   $65,000
S78 1963 Corvette Z06 Coupe Delmo Johnson/Dave Morgan Race Car $700,000  
S82 1962 Corvette Coupe Delmo Johnson/Dave Morgan Sebring Racer $600,000  
S83 1961 Corvette Coupe SVRA, HSR Vintage Racer N/A  
S84 1968 Corvette L88 Convertible 430 HP, 4-Speed $200,000  
S85 1967 Corvette Convertible Bill Mitchell, 427/400 HP, Automatic $300,000  
S86 1967 Corvette Coupe The Ed Cole Car, 427/435 HP, 4-Speed   $205,000
S93 1953 Corvette Convertible Bloomington Gold Certified $170,000  
S102 1968 Corvette L88 Coupe The Donington Speedway Pace Car, 427/430 HP $246,000  
S103 1966 Corvette Coupe 427/450 HP, 4-Speed, Bloomington, NCRS Awards $94,000  
S105 1971 Corvette ZR2 Convertible 1 of 2 ZR2 Convertibles Built, LS6 454/425 HP $345,000  
S141 1965 Corvette Convertible Original and Unrestored, 327/365 HP, 4-Speed $165,000  
S166 1957 Corvette Convertible 283/270 HP, 4-Speed $90,000  
S167 1967 Corvette Coupe 327/300 HP, 3-Speed   $50,000
S168 1969 Corvette L89 Convertible Julia’s Jewel, 427/435 HP, 4-Speed $67,500  
S169 1969 Corvette L89 Coupe 427/435 HP, 4-Speed $62,500  
S173 1965 Corvette Convertible 327/375 HP, 4-Speed $92,500  
S208 1969 Corvette L88 Coupe 427/430 HP, 4-Speed   $150,000
S231 1966 Corvette 327/350 HP, 4-Speed   $43,500
S234 1966 Corvette 427 CI $50,000  
         
    Total Sales $651,000


Source:
Mecum

Related:
Deal of the Year? The “Ed Cole” 1967 Corvette Coupe L89 sells for $205,000
Corvette Auction Results: Mecum’s Muscle Cars and More at Des Moines, IA
Bloomington 2009: Harley Earl’s 1963 Corvette a No Sale at $985,000 Bloomington 2009: Mecum Sells $5.2 Million in Corvettes at Gold Auction

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Corvette Racing Takes Third in GT2 at Road America

by Keith Cornett on August 16, 2009

”Corvette

In just their second race in GT2 this year, the Corvette Racing team shows their C6.Rs are for real in GT2. With just two minutes remaining in the race at Road America, Johnny O’Connell in the #3 car passes Patrick Long in the #45 Flying Lizard Porsche 911 to finish in third position. Oliver Gavin and Olivier Beretta had their mirror clipped in traffic and the extended pit stop for the replacement put the #4 Corvette two laps down to finish in 6th place.

The race was pretty much over within 20 minutes of the start as the class leading BMWs effectively picked up a lap during a caution period. At that point, it was pretty much a race for third between Corvette, Porsche, Ferrari, Panoz, Ford and Viper.

With 20 minutes remaining, O’Connell was running in fifth when he passed Pierre Kaffer’s Ferrari 430 GT to move to fourth position. Then with two minutes remaining the Porsche got a little wobbly in turn 5 and O’Connell was able to squeeze by him with minimal contact.

“It’s fun to have Corvettes racing again!” O’Connell exclaimed. “Kaffer was doing a great job, but I could see that he was struggling on used tires. He had a wiggle exiting Turn 1 and that allowed me to get by him. Then I had to chase down Patrick in the Porsche. There were a couple areas where we were faster, so I was thinking about setting him up there. Then going into Turn 5, he carried a little too much speed and missed the apex, so I had to throw it in there. There was some contact, but it only happened because he opened the door. We had a great race.”

Oliver Gavin was behind the wheel of the #4 Corvette C6.R when at around 1:26 into the race he had his right side mirror clipped by the #16 Dyson Lola prototype. The contact was enough to allow O’Connell to get by Gavin for fourth position. The #4 car was required to pit and received a new mirror with a door change, losing a lap in the process.

“On the second restart there were some slower cars at the front of the pack and we all bunched up behind them,” Gavin said. “I managed to work my way through and into fourth place behind the Ferrari. Then coming down through Canada Corner, a prototype clipped the mirror off my right door. At that point Johnny got by me and I was told I had to pit because the rules require a right-side mirror. That kind of ruined our race. We were going to be able to run all the way to the finish, but then there were two more full-course cautions and we were a sitting duck. It really just wasn’t our day.”

Corvette Racing Program Manager Doug Fehan was pleased with the results and the new car’s progress.

“It’s been a long time since I’ve been this excited about racing for third,” said Corvette Racing program manager Doug Fehan. “We look at this as a victory for Corvette Racing. The unfortunate part is that we were beaten by three cars – two BMWs and the pace car. Nonetheless it was a great show, a tremendous duel to the finish, and a fantastic effort by the Corvette Racing team to bring both cars home.”

The GT2 Corvettes will next see action at the Mobil 1 Grand Prix of Mosport in Bowmanville, Ontario on August 28-30th. The two-hour, 45-minute race is scheduled to start at 3:05 p.m. EDT on Sunday, August 30. SPEED will televise the race live at 3 p.m. EDT.



Source:
Corvette Racing


Related:
Corvette Racing’s GT2 C6.Rs Head to High-Speed Road America
[VIDEO] Corvette Racing’s C6.R GT2 Debut at Mid-Ohio 2009
Corvette Racing: #3 Corvette C6.R Earns 2nd Place GT2 Finish at Mid Ohio

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The

Mecum is still the middle of their Monterey auction but once we saw the 1967 Corvette Coupe equipped with the 1 of 16 L89 aluminum heads on the 427/435 hp V8 sell for $205,000, we’re proclaiming that the deal of the year. Known as the “Ed Cole” Corvette, the car was ordered in 1967 by the neighbor of GM’s General Manager Ed Cole who recommended the rare L89 option.

Ed Cole took care of his neighbor by outfitting the Corvette for the ultimate driving experience. In addition to the L71 427/435 V8 with the L89 heads, the Corvette was also optioned with finned wheels, F41 suspension and a 3.55 positraction rear end. The result was a final price of nearly $6,500.

When the car was delivered to Frank Driver Chevrolet in Wilmington Delaware, employees recall that it was accompanied by more special handling instructions than anyone had seen previously, all of them directly from Ed Cole.

The Cole Corvette most recently appeared at the Bloomington Gold auction just two months ago where it was bid up to $550,000 but failed to sell as the reserve was reportedly $1 million. At the end of the Corvette’s auction at Monterey, the ring announcer called the reserve was off and mentioned that it was also set at $1 million.

Because of the huge difference in the numbers and especially the difference between Bloomington’s high bid and the sale price at Monterey, we have to guess that this was a distress sale. We have no word yet who the buyer was.

The Corvette has been restored to Concours condition and comes with a ton of documentation including copies of the paperwork and the Protect-O-Plate. Also included is a letter from 1982 from the original owner answering a questionnaire about the Corvette.

Read the entire auction catalog entry about the history of the 1967 L89 Coupe known as the Ed Cole Corvette.

The Ed Cole 1967 Corvette Coupe L89 The Ed Cole 1967 Corvette Coupe L89 The Ed Cole 1967 Corvette Coupe L89
The Ed Cole 1967 Corvette Coupe L89 The Ed Cole 1967 Corvette Coupe L89 The Ed Cole 1967 Corvette Coupe L89
The Ed Cole 1967 Corvette Coupe L89 The Ed Cole 1967 Corvette Coupe L89  


Source:
Mecum

Related:
Corvette Auction Results: Mecum’s Muscle Cars and More at Des Moines, IA
Bloomington 2009: Harley Earl’s 1963 Corvette a No Sale at $985,000 Bloomington 2009: Mecum Sells $5.2 Million in Corvettes at Gold Auction

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Saturday Morning Corvette News Roundup

by Keith Cornett on August 15, 2009

1963 Corvette for sale at Mecum Auction in Monterey

Check out our Saturday morning round-up of several Corvette-related events happening today including auctions, racing and cruises.


Mecum’s Live Webcast from Monterey
Mecum will be broadcasting their Mecum at Monterey auction today beginning at 1pm EST (10am PST). The list of Corvettes for sale includes a 1953 Roadster and some quality C2s and early C3s with a several being L88s and L89s. Several Corvettes that appeared at Bloomington but were no sales are also on the docket including the Harley Earl, Bill Mitchell and Ed Cole cars. For details and to watch the auction, visit Mecum.


Corvette Racing Qualifying at Road America
The GT2 Corvettes are back in action this weekend at Road America in Elkhart Lake, Wisconsin. The teams take to the track at 3:10 for qualifying and you can see the session streamed live on SPEED or listen on Radio Le Mans. Friday’s test session has the Corvettes running third behind BWM and Porsche with only 0.7 seconds separating the top three.

Also check out SPEED’s John Dagys ALMS Friday Notebook which shows the C6.Rs getting larger fender flares.


Corvette Grand Sports at the Woodward Dream Cruise
Today’s the big day for the Woodward Dream Cruise in the Detroit Michigan area and the Grand Sport Registry has put together a large gathering of the 1996 C4 Admiral Blue Corvettes. Although registration is closed, you can check them out parked near 11 Mile & Woodward in Royal Oak sometime after 12:00 noon. Check out this pic from Jalopnik.


Thanks to the Sponsors of CorvetteBlogger.com: Sales News and Lifestyle
If you’re on the site this weekend, please show some love to our advertisers who make it possible for us to bring you the latest happenings in the Corvette world.


Related:
Corvette Racing’s GT2 C6.Rs Head to High-Speed Road America

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I felt a great disturbance in the Force, as if 350 cubic inches suddenly
cried out in terror and then were silenced…

via Jalopnik

 

The Corvette ZR1 was Chasing a Lamborghini Murcielago LP670-4 SV

As one of the first sites to share Autocar.co.uk’s “What is this Corvette ZR1 Chasing?” video, we were amazed with the fact that another car was keeping the mighty Corvette ZR1 at bay. Turns out that other car was a Lamborghini Murcielago LP670-4 SuperVeloce. Lighter than the Zed-R-One, the AWD Lambo features 30 more horsepower and was piloted by a factory driver while the Corvette was driven by a lowly automotive journalist. Seeing the two cars together on video, we’re more stuck by the fact the ZR1 appears to be much more of a driving enthusiasts car than the much costlier Lamborghini.


Source:
Autocar.co.uk via Autoblog

Related:
[VIDEO] What is this Corvette ZR1 Chasing?
Clarkson Selects Corvette ZR1 as his Car of the Year
[VIDEO] In Jay Leno’s Garage: The Corvette ZR1
[VIDEO] Corvette ZR1 Spanks GTR, 599 GTB and GT2 Head to Head

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”Corvette
Photo Credit: Autoblog

The two Corvette C6.Rs are fresh off their successful debut at Mid-Ohio and are now in Elkhart Lake Wisconsin where they will tackle the 4.048-mile high speed track known as Road America. This is a bit of a homecoming for the GT2 cars as Road America was one of the four tracks that the GT2 cars were tested prior to last week’s racing debut.

Road America is one of the favorite tracks for drivers as it features high speed corners and long straights. This track may play to one of the strengths of the GT2 car which appeared to be faster in the straights than some of the other GT2 competitors last weekend at Mid-Ohio.

“Road America is a much different circuit than Mid-Ohio,” said Oliver Gavin, driver of the No. 4 Compuware Corvette C6.R. “It’s a high-speed course, while Mid-Ohio is more of a medium-speed track. It’s still early days for Corvette Racing in GT2, and we’ll continue to learn where we stand in relation to the competition. It’s going to be tight and it’s going to be tough.

“Based on our experience at Mid-Ohio, the team will continue to make refinements,” Gavin said. “We’re still learning how to manage the tires and keep the car good to drive over a full stint. Based on our first run last weekend, I think everyone at Corvette Racing has done a brilliant job. Bring on Road America!”

Jan Magnussen and Johnny O’Connell won the GT1 class last year at the track in the #3 Corvette C6.R, but Mags knows this year’s challenge will be more difficult in the GT2 class:

“It’s completely different from Mid-Ohio in terms of where you need to be fast,” Magnussen explained. “If you don’t have the top speed, the long straights at Road America will be difficult. We’ll see if we have an issue there – I certainly don’t think we will. Our test at Road America went very well, and the car handled beautifully in the high-speed sections.”

Team Manager Gary Pratt also weights in on the successful debut of the GT2 Corvettes at Mid-Ohio:

“Both cars ran without any issues at Mid-Ohio, and that’s a good, good start for a brand-new car,” Pratt said. “We still have a little way to go to catch the competition, and we’ll keep working at it.”

This year’s event at Road America also features the return of the Corvette Challenge II bike race to help fight cancer. The race within a race takes place later today and will feature Corvette Racing Program Manager Doug Fehan taking on Jan Magnussen and SPEED TV Commentator Calvin Fish in a one-lap winner-take-all race around the 4 mile track.

Fans can show their support for Fehan, Magnussen and Fish by pledging a donation. Funds raised will support the Lance Armstrong Foundation, the Austin Hatcher Foundation, the late Paul Newman’s Hole in the Wall Gang Camp, and the Vince Lombardi Cancer Clinic. The 2 hour 45 minute race at Road America will take place on Sunday, August 16th at 3pm EST with SPEED TV providing live race coverage.



Source:
Corvette Racing


Related:
[VIDEO] Corvette Racing’s C6.R GT2 Debut at Mid-Ohio 2009
Corvette Racing: #3 Corvette C6.R Earns 2nd Place GT2 Finish at Mid Ohio
Corvette Racing: Inside the GT2 Corvette C6.R
A New Era: Introducing Corvette Racing’s GT2 ZR1 C6.R

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Corvette Stingray Concept

Well, well. It seems that the Corvette Stingray Concept featured in Transformer’s Revenge of the Fallen is the gift that keeps on giving. The latest look comes from Los Jalopnik himself Ray Wert who was able to get inside the concept and then take it for a spin. In the process we learn a little more about chances for a repeat performance as the new C7 Corvette in 2012.

Transformer's Corvette Stingray Concept Transformer's Corvette Stingray Concept

This concept is powered by a hybrid power train with electric power for in-city driving or switch to the V8 for high performance driving situations. Even with the V8 power, the engine will deliver even higher fuel economy with its ability to deactivate cylinders. Of course all this is conceptual but it shows how the power train teams are looking to the future.

Although the Stingray Concept is relatively new to the scene, it was actually penned six years ago by Tom Peters who followed it up by designing the new Camaro. That explains some of the similarities found on both cars, most notably the front-end defining egg crate grilles. Peters spoke with Wert about the Stingray and the C7 Corvette:

Said Peters, “it’s not the C7…that’s not to say there aren’t elements here that can translate into what the C7′s about. There’s no parameters to this concept…our goal…I would tell my team, guys, go kick that car’s ass. Go beat that.”

While that sounds like a definitive NO! on the “Stingray as C7″ debate, we’re still way early in the game to say that Kirk Bennion’s exterior design team won’t want to incorporate some of the defining lines and shapes found on the popular Transformers Concept.

We do hope they incorporate some of the technology featured inside the Corvette Stingray Concept. While most of it is described as currently available, some of the conceptual features are straight out of a science fiction movie. The instrument gauges feature 3D graphics and ambient lighting. In addition to the stereo and Nav unit, the central display also features a graphical PDA complete with “friend” pictures and connect to a home internet link to send out some tweets.

Check out the Jalopnik’s full review of the Corvette Stingray Concept

Source:
Jalopnik

Related:
Motor Authority’s Next Generation C7 Corvette Rendering
Lighter, Greener Corvette on the Horizon
Late Night Speculation: C7 Corvette Moving to Kappa Platform?

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Corvette Racing's Johnny O'Connell Interview From SPEED's Wind Tunnel

Corvette Racing’s Johnny O’Connell, fresh off the team’s #2 podium finish at the Acura Sports Car Challenge at Mid-Ohio, had the folks from Dave Despain’s Wind Tunnel on SPEED over to his house for a chat about the new GT2 car, future prospects of racing at Le Mans and the Green Challenge.



Source:
SPEED


Related:
[VIDEO] Corvette Racing’s C6.R GT2 Debut at Mid-Ohio 2009
Corvette Racing: #3 Corvette C6.R Earns 2nd Place GT2 Finish at Mid Ohio
Corvette Racing: Inside the GT2 Corvette C6.R
A New Era: Introducing Corvette Racing’s GT2 ZR1 C6.R

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