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Gus Grissom’s 1967 427 Corvette Sells at Russo & Steele

by Keith Cornett on January 23, 2007

Gus Grissom's 1967 Corvette

A week shy of the 40th anniversary of his death, NASA astronaut Gus Grissom’s beloved 1967 427 Corvette Convertible sold at the Russo and Steele auction in Scottsdale, Arizona for $275,000. Preceeding the sale of the Corvette was a multimedia presentation about Grissom, the first astronaut to fly into space twice and one of the first to die in the US Space Program. The Corvette was listed with no reserve and was sold on Saturday night to a local Arizona resident. A 10% buyer’s commission is included in the sales total.

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Barrett-Jackson: $14.1 Million in Corvette Sales

by Keith Cornett on January 22, 2007

Barrett-Jackson once again proves they are the leader in Corvette auctions. 142 Corvettes crossed the sales platform during the six day auction that combined for a total of $14,127,485 in Corvette sales. The buyers commission is factored into the sales totals for each Corvette. Commissions were 10% or 12% if the buyer wasn’t present at the auction. All sales totals are listed as published at the Barrett-Jackson website. The $14.1 million in Corvette sales was nearly $1.5 million more than last year’s auction total of $12.7 million. This year’s auction had 41 more Corvettes (142 total) than last year’s total of 101 Corvettes. The Corvette with the top sales price was the 1967 Corvette Coupe known as The Last Sting Ray. The L36 427/390 Coupe sold for $660,000. The two 1963 Split Window Coupe Tankers were sold together for $561,000 and rounding out third on the top selling Corvette list was a highly documented 1953 Corvette that sold for $298,350. Other notables included: A 1969 L88 Coupe with full documentation sold for $240,000.
The 1967 Yenko Corvette Convertible sold for $231,000
A 1957 Corvette dubbed “The Best ’57 Fuelie” sold for $258,000 Complete Results for Corvettes at Barrett-Jackson Auction:

Lot # Year Description Sales Price
12941953CHEVROLET CORVETTE CONVERTIBLE $298,350.00
12161954CHEVROLET CORVETTE CUSTOM CONVERTIBLE $68,200.00
871954CHEVROLET CORVETTE CONVERTIBLE $88,000.00
13551954CHEVROLET CORVETTE CONVERTIBLE $88,000.00
12591954CHEVROLET CORVETTE CONVERTIBLE $106,700.00
9981954CHEVROLET CORVETTE CONVERTIBLE $110,000.00
9441955CHEVROLET CORVETTE CONVERTIBLE $84,700.00
13641955CHEVROLET CORVETTE CONVERTIBLE $137,500.00
3861956CHEVROLET CORVETTE CONVERTIBLE $69,300.00
7221957CHEVROLET CORVETTE CONVERTIBLE $77,000.00
1250.11957CHEVROLET CORVETTE CONVERTIBLE $104,500.00
13511957CHEVROLET CORVETTE FI CONVERTIBLE $134,750.00
10071957CHEVROLET CORVETTE CONVERTIBLE $148,500.00
12421957CHEVROLET CORVETTE CONVERTIBLE $258,500.00
712.11958CHEVROLET CORVETTE CONVERTIBLE $82,500.00
7481958CHEVROLET CORVETTE CONVERTIBLE $90,200.00
10581958CHEVROLET CORVETTE CONVERTIBLE $95,200.00
12911958CHEVROLET CORVETTE FI CONVERTIBLE $154,000.00
4381958CHEVROLET CORVETTE CONVERTIBLE $165,000.00
1298.11958CHEVROLET CORVETTE $165,000.00
662.11959CHEVROLET CORVETTE CONVERTIBLE $57,200.00
10631959CHEVROLET CORVETTE CONVERTIBLE $78,100.00
1000.11959CHEVROLET CORVETTE CONVERTIBLE $101,200.00
10241959CHEVROLET CORVETTE FI CONVERTIBLE $154,000.00
13541959CHEVROLET CORVETTE CUSTOM CONVERTIBLE $198,000.00
12611959CHEVROLET CORVETTE 427 CUSTOM CONVERTIBLE $231,000.00
13201960CHEVROLET CORVETTE FI CONVERTIBLE $88,000.00
4221961CHEVROLET CORVETTE CONVERTIBLE $55,000.00
7601961CHEVROLET CORVETTE CONVERTIBLE $68,200.00
9831961CHEVROLET CORVETTE CONVERTIBLE $88,000.00
15791961CHEVROLET CORVETTE CONVERTIBLE FUELIE $90,200.00
12531961CHEVROLET CORVETTE CONVERTIBLE $93,500.00
1011961CHEVROLET CORVETTE CONVERTIBLE $115,500.00
1013.11961CHEVROLET CORVETTE 283/245 CONVERTIBLE $132,000.00
9791962CHEVROLET CORVETTE FI COUPE $82,500.00
15541962CHEVROLET CORVETTE FI CONVERTIBLE $88,000.00
821962CHEVROLET CORVETTE CUSTOM COUPE $89,100.00
15761962CHEVROLET CORVETTE 327/360 CONVERTIBLE $95,700.00
1235.11962CHEVROLET CORVETTE CONVERTIBLE $132,000.00
4541963CHEVROLET CORVETTE GRAND SPORT REPLICA $48,400.00
4111963CHEVROLET CORVETTE SPLIT WINDOW COUPE $55,000.00
15411963CHEVROLET CORVETTE FI CONVERTIBLE $79,200.00
10641963CHEVROLET CORVETTE FI SPLIT WINDOW COUPE $91,300.00
7061963CHEVROLET CORVETTE SPLIT WINDOW COUPE $104,500.00
1256.11963CHEVROLET CORVETTE CONVERTIBLE $121,000.00
12801963CHEVROLET CORVETTE 327/250 SWC TANKER $280,500.00
1280.11963CHEVROLET CORVETTE 327/360 SWC Z06 TANKER $280,500.00
891964CHEVROLET CORVETTE GRAND SPORT RE-CREATION $36,300.00
10591964CHEVROLET CORVETTE 327/365 CONVERTIBLE $55,000.00
9571964CHEVROLET CORVETTE 327 COUPE $69,300.00
7541964CHEVROLET CORVETTE FI COUPE $84,700.00
12291964CHEVROLET CORVETTE FI COUPE $88,000.00
1051965CHEVROLET CORVETTE CONVERTIBLE $55,000.00
9501965CHEVROLET CORVETTE 327 CONVERTIBLE $55,000.00
7501965CHEVROLET CORVETTE 327 COUPE $60,500.00
4561965CHEVROLET CORVETTE FUELIE COUPE $66,000.00
7291965CHEVROLET CORVETTE 327 COUPE $88,000.00
12261965CHEVROLET CORVETTE FI CONVERTIBLE $90,200.00
10001965CHEVROLET CORVETTE 327 CONVERTIBLE $96,250.00
10341965CHEVROLET CORVETTE CONVERTIBLE $99,000.00
12441965CHEVROLET CORVETTE 327/300 COUPE $107,250.00
7671966CHEVROLET CORVETTE CONVERTIBLE $53,900.00
10781966CHEVROLET CORVETTE CONVERTIBLE $55,000.00
4291966CHEVROLET CORVETTE 327 COUPE $63,250.00
729.11966CHEVROLET CORVETTE CONVERTIBLE $72,600.00
4551966CHEVROLET CORVETTE COUPE $88,000.00
750.11966CHEVROLET CORVETTE 427/390 COUPE $88,000.00
1011.11966CHEVROLET CORVETTE COUPE $90,750.00
12631966CHEVROLET CORVETTE CONVERTIBLE $121,000.00
3901966CHEVROLET CORVETTE 427/425 CONVERTIBLE $143,000.00
13471966CHEVROLET CORVETTE 454 CUSTOM COUPE $143,000.00
13461966CHEVROLET CORVETTE 427/425 CONVERTIBLE $159,500.00
7031967CHEVROLET CORVETTE 327 CONVERTIBLE $69,300.00
10571967CHEVROLET CORVETTE 427/435 COUPE $77,000.00
4301967CHEVROLET CORVETTE 327 COUPE $85,800.00
984.11967CHEVROLET CORVETTE COUPE $93,500.00
12241967CHEVROLET CORVETTE CONVERTIBLE $93,500.00
7301967CHEVROLET CORVETTE COUPE $97,350.00
10331967CHEVROLET CORVETTE 427/435 COUPE $99,000.00
1040.11967CHEVROLET CORVETTE COUPE $104,500.00
1253.11967CHEVROLET CORVETTE 427/390 CONVERTIBLE $104,500.00
1251.11967CHEVROLET CORVETTE CONVERTIBLE $115,500.00
10431967CHEVROLET CORVETTE 427/400 CONVERTIBLE $121,000.00
15751967CHEVROLET CORVETTE COUPE $126,500.00
1027.11967CHEVROLET CORVETTE 427/400 CONVERTIBLE $137,500.00
13381967CHEVROLET CORVETTE 427/435 COUPE $151,250.00
1239.11967CHEVROLET CORVETTE 427/435 CONVERTIBLE $154,000.00
1269.11967CHEVROLET CORVETTE CONVERTIBLE $159,500.00
12891967CHEVROLET CORVETTE 427/435 CONVERTIBLE $170,500.00
1261.11967CHEVROLET CORVETTE 427/400 CONVERTIBLE $176,000.00
10211967CHEVROLET CORVETTE 427/435 COUPE $187,000.00
13211967CHEVROLET CORVETTE 427/435 CONVERTIBLE $203,500.00
1334.11967CHEVROLET CORVETTE 427/435 CONVERTIBLE $214,500.00
1267.11967CHEVROLET CORVETTE 427/400 CONVERTIBLE $220,000.00
13081967CHEVROLET CORVETTE CONVERTIBLE $220,000.00
13261967CHEVROLET CORVETTE 427/435 YENKO $231,000.00
13341967CHEVROLET CORVETTE 427/435 CONVERTIBLE $264,000.00
1285 1967 CHEVROLET CORVETTE COUPE AKA: THE LAST STING RAY $660,000.00
491968CHEVROLET CORVETTE COUPE $44,000.00
12121968CHEVROLET CORVETTE L88 COUPE $51,700.00
7611968CHEVROLET CORVETTE 427/400 CONVERTIBLE $56,100.00
1065.11968CHEVROLET CORVETTE 427/390 T-TOP $63,840.00
4431968CHEVROLET CORVETTE CONVERTIBLE $78,100.00
501969CHEVROLET CORVETTE COUPE $33,000.00
6621969CHEVROLET CORVETTE CONVERTIBLE $51,700.00
983.11969CHEVROLET CORVETTE 427/435 COUPE $79,200.00
6931969CHEVROLET CORVETTE L88 RE-CREATION CONVERTIBLE $85,800.00
6951969CHEVROLET CORVETTE ZL1 COUPE RE-CREATION $90,200.00
10541969CHEVROLET CORVETTE 427/435 COUPE $99,000.00
15401969CHEVROLET CORVETTE 427/400 COUPE $104,500.00
13271969CHEVROLET CORVETTE L88 COUPE $240,000.00
9051970CHEVROLET CORVETTE 454 COUPE $58,850.00
3881970CHEVROLET CORVETTE LT1 CONVERTIBLE $64,900.00
313.11971CHEVROLET CORVETTE COUPE $20,570.00
9091971CHEVROLET CORVETTE COUPE $33,000.00
4691971CHEVROLET CORVETTE COUPE $45,000.00
713.11971CHEVROLET CORVETTE 454 CONVERTIBLE $50,600.00
6391972CHEVROLET CORVETTE COUPE $32,450.00
415.11972CHEVROLET CORVETTE CUSTOM CONVERTIBLE $35,200.00
10791972CHEVROLET CORVETTE CUSTOM COUPE $41,250.00
15201972CHEVROLET CORVETTE 2 DOOR T-TOP $41,800.00
4121972CHEVROLET CORVETTE 454 2 DOOR COUPE $51,150.00
7691972CHEVROLET CORVETTE LT1 CONVERTIBLE $53,900.00
15481972CHEVROLET CORVETTE LT1 CONVERTIBLE $110,000.00
6681973CHEVROLET CORVETTE COUPE $31,900.00
3131974CHEVROLET CORVETTE COUPE $15,950.00
30.11978CHEVROLET CORVETTE 25TH ANNIVERSARY COUPE $17,325.00
3591978CHEVROLET CORVETTE 25TH ANNIVERSARY COUPE $21,450.00
6321978CHEVROLET CORVETTE T-TOP PACE CAR $28,600.00
15181978CHEVROLET CORVETTE T-TOP PACE CAR $46,200.00
7111978CHEVROLET CORVETTE T-TOP PACE CAR $47,300.00
16091982CHEVROLET CORVETTE COUPE $27,500.00
3451986CHEVROLET CORVETTE CONVERTIBLE $24,200.00
651997CHEVROLET CORVETTE CUSTOM $45,100.00
375.21998CHEVROLET CORVETTE INDY PACE CAR CONVERTIBLE $33,000.00
13571998 CHEVROLET CORVETTE LINGENFELTER TWIN TURBO $79,200.00
7171999CHEVROLET CORVETTE COUPE $56,100.00
9452000 CHEVROLET CORVETTE 383 LINGENFELTER $44,000.00
1571.12000CHEVROLET CORVETTE IRL PACE CAR $46,800.00
950.12000 CHEVROLET CORVETTE 427 LINGENFELTER TWIN TURBO $71,500.00
15722003CHEVROLET CORVETTE SAFETY PACE CAR $44,000.00
    
Total Sales: $14,127,485.00

Source:
Barrett-Jackson Collector Car Auction Related:
Barrett-Jackson: The Last Sting Ray Fetches $660,000
Barrett-Jackson: Good Buy 1966 427/425 Corvette
Barrett-Jackson: 1958 Convertible Sets Corvette High Price Technorati Tags:
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1967 L88 CorvetteBarrett-Jackson wasn’t the only collector car auction happening in Scottsdale last week. In fact, there were three auctions in place. Russo and Steele and RM auctions also host their own Scottsdale exhibitions during the week. And you may be surprised to learn that an 1967 L88 Roadster was on the block at RM Auction’s Arizona Biltmore auction. According to Autoblog.com, the bidding for the Corvette reached a high of $1,550,000 but was a no-sale as it failed to reach to the seller’s reserve. Only 20 L88 427 ci Corvettes were produced in 1967. The L88 was first owned by Tony DeLorenzo, Jr, son of Anthony G. DeLorenzo who was in charge of GM’s public relations from 1957-1979. Tony bought the Corvette and headed straight for the track where it was raced until retirement in 1982. The Corvette was restored and has certificates from both Bloomington Gold and the NCRS for Top Flight. To help promote the sale, this Corvette could have used some of the same marketing mojo that Proteam Corvettes used for pump up a fairly ordinary L36 427/390 hp coupe that just happened to be the last 1967 Corvette produced. So why RM Auctions and not Barrett-Jackson? Sellers Reserve….
Source:
Autoblog.com
Image Credit: Drew Phillips/Fast-Autos.net Related:
Barrett-Jackson: The Last Sting Ray Fetches $660,000 Technorati Tags:
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Barrett-Jackson: The Last Sting Ray Fetches $660,000

by Keith Cornett on January 20, 2007

For the last year, Terry Michaelis of ProTeam Corvette has created the ultimate buzz for a particular 1967 Corvette Coupe. The Corvette just happened to be the last Corvette produced in the 1967 model year, officially making it the Last Sting Ray. The Corvette was given a body-off restoration by the Nabers Brothers in Houston, and the entire process was filmed by Speed TV for a 6-part documentary that aired last November. After the restoration was completed, the Corvette was judged at Bloomington, where it was awarded Gold, and the NCRS, which awarded it Top Flight. The last chapter in this story, as Terry called it, was the trip to Scottsdale, Arizona to be auctioned off at the Barrett-Jackson Collector Car Auction. The Last Sting Ray (Lot # 1285) was offered up and the bidding quickly climbed to $600,000 and when the gavel fell, Ron Pratt was the new owner. With the addition of the $60,000 buyers commission, the final sales total was $660,000. For this price, the buyer gets a very nicely restored Corvette as well as all the awards, press clippings, videos and apparel that accompanied it.

Our congratulations go to Terry and ProTeam Corvette, who not only continue to find some of the best Corvettes to resell, but know how to market them as well.
Source:
Barrett-Jackson Collector Car Auction via Speed Related:
The Last Corvette to be Sold at Barrett-Jackson
Technorati Tags:
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Barrett-Jackson: Good Buy 1966 427/425 Corvette

by Keith Cornett on January 20, 2007

When watching the Barrett-Jackson Collector Car Auction, we often see Corvettes being sold at the high end of the pricing spectrum or even beyond (Pluto anyone!). But often, there are some very good deals that go unnoticed, and I think this Corvette belongs in the “Good-Buy” category. This Matching-Numbers 1966 Nassau Blue Corvette Coupe (Lot #1011.1) features an L72 427 ci 425 hp big block engine coupled to an M21 4-Speed Transmission. Comfort options include Power Brakes, Power Windows and Telescopic Steering Wheel Column. Finally, Knock-Off Wheels with Gold Line Tires and Side Exhaust complete the options. The car is being sold by Dave Ressler, a dealer and major car collector, who is shown taking the family photo during the bidding. I do believe that it was Dave that purchased the #003 53 Corvette that sold at last year’s auction for $1 million. But I digress… Purchasing the 1966 Corvette Coupe was ProTeam Corvette’s Terry Michaelis. A review of the ProTeam Corvette website shows pricing for comparable L72 Condition 2 Corvettes starting in the $90,000 range and Condition 1 Corvettes as high as $169,000. Terry is a major Corvette buyer and obviously knows when to hold them and when to fold them. It will be interesting to see where the price will be set for this Coupe once he gets it back to Ohio.

Saturday night is when we’ll see the major action including ProTeam selling The Last Corvette. Check it out on Speed. But don’t worry if you miss it. We’ll have the details here.
Source:
Barrett-Jackson Collector Car Auction via Speed Related:
Barrett-Jackson: 1958 Convertible Sets Corvette High Price Technorati Tags:
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Zora’s Ashes Rest at Corvette Museum

by Keith Cornett on January 19, 2007

Zora Arkus-DuntovAt the National Corvette Museum in Bowling Green Kentucky, there is an exhibit to Zora Arkus-Duntov, the man that many call the “father of the Corvette”. Not to go off on a tangent, but I disagree with the term, after all, the Corvette was born from the mind of design genius Harley Earl and Zora came on to the scene after seeing the Motorama Corvette in 1953. However, once at GM, no man had greater influence on the direction of the Corvette than the Belgium-born engineer. From 1953 through his retirement in 1975, Zora guided the performance and technical innovations that became synonymous with the name Corvette. He was the man responsible for such advances as disc brakes, independent rear suspension and limited-slip differentials. All these innovations became standard features on most automobiles, but they were first found on the Corvette. Prior to his death in 1996 from cancer, Zora made plans for his collection of papers, engineering designs and other memorabilia relating to the Corvette, and also made known his wishes as to where his remains would be located. And that was one of the places he loved the most, the National Corvette Museum. Bobbie Joe Lee, the NCM’s marketing and media relations manager said, “Zora asked that his ashes be brought here. He was the engineer who turned the Corvette into the world-class sports car it was meant to be.” As part of the Corvette Museum’s Zora Arkus-Duntov exhibit, an urn with his cremated remains is on display. His 1974 blue and silver Corvette is parked nearby. According to Bobbie Joe, Zora made several trips to Bowling Green to help promote the Corvette Museum. “He was at the groundbreaking ceremony,” Lee said. “That’s when he asked that his ashes be put in the museum. When his wife dies, her ashes will be placed in the urn with his.”
Source:
The Kentucky Post
Corvette Action Center Related:
Corvette Museum Celebrates 10th Anniversary
Video: Corvette Museum Details Expansion Plans Technorati Tags:
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Barrett-Jackson: 1958 Convertible Sets Corvette High Price

by Keith Cornett on January 18, 2007

On the second day of the 2007 Barrett-Jackson Collector Car Auction, a 1958 Corvette Convertible rolled onto the block and set the high sales price for Corvettes at $150.000. With commissions added, the total selling price was $165,000. That set the daily high sale as well. While it’s nice to see a C1 Corvette at the top of the list, we don’t expect this Corvette to be there long. The ’58 Corvette (Lot #438) is Panama Yellow with Charcoal interior. It features a 283 ci engine with the 2×4 Carburetors for 245 horsepower. It has the fairly rare RPO 473 Power Operated Folding Top which is demonstrated in the video. Fully restored with just 9 miles since completion. Bidding for the Corvette ramped up very quickly. Opening bid was $10,000 before jumping up to $70,000 and then $120,000. ProTeam’s Terry Michaelis dropped out of the bidding at $140,000. The final bid of $150,000 was enough to win. Add the 10% buyers commission and the total sales price jumps to $165,000.

Speed’s coverage of the Barrett-Jackson Auction continues tonight at 7pm EST.
Source:
Barrett-Jackson Collector Car Auction via Speed Related:
The Last Corvette to be Sold at Barrett-Jackson
Barrett-Jackson Preview: A Pair of 1963 Corvette SWC Tankers
Barrett-Jackson Preview: 1967 427/435 Yenko Corvette Technorati Tags:
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Corvette Racing to Defend ALMS Crown

by Keith Cornett on January 17, 2007

The No. 4 Corvette at the 2006 12 Hours of SebringCorvette Racing announced today that they will indeed be back for the 2007 season of the American Le Mans Series. The team will be defending their GT1 Manufacturers, Team and Drivers championships. Officials also announced that Corvette Racing will be heading to France in June to race for its sixth GT1 win in 7 years at the famed 24 Hours of Le Mans. The 12-race series opens March 17th at the Mobil 1 Twelve Hours of Sebring. Corvette Racing will have the cars in Sebring Florida for testing sometime in February. Corvette has won America’s greatest sports car race in four of the last five seasons. So now the only question is who will Corvette be racing against in the GT1 class. Aston Martin, facing money problems and driver defections, hasn’t yet announced their intentions to return to the series. It’s quite possible the only racing we’ll see in the GT1 class will be between Corvette Racing’s #3 and #4 Corvettes. While that would be somewhat disappointing, the real winner is still the Corvette Owner as stated by GM Racing Director Mark Kent:

“The Corvette C6.R race program continues Chevrolet’s tradition of racing production-based vehicles to improve the breed. The continuous exchange of information and the constant transfer of technology between the racing and production programs ensure that lessons learned on the track benefit every Corvette on the highway.”

Source:
WhoWon.com
AmericanLeMans.com
Image Credit: Richard Prince Related:
Corvette Racing Waits for Aston Martin Decision
Oliver Gavin Reflects on the 2006 ALMS Season Technorati Tags:
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Corvette Wins Polk Award for Owner Loyalty

by Keith Cornett on January 17, 2007

2006 Corvette CoupeR.L. Polk and Co, the automotive industry’s guru for consumer loyalty information named the 2006 Corvette as the Premier Sports Car with the highest owner loyalty. Loyalty is determined when a household that owns a new vehicle purchases or leases another new vehicle of the same model or make. General Motors won the Overall Manufacturer award for the seventh consecutive year. Other GM cars to win their categories included the Chevrolet Impala and Tahoe, and the Saturn ION and Vue. For the 2006 model year, Corvette’s loyalty ranking was 27.0 where the average loyalty percentage for the Premier Sports Car category was 19.8.
Source:
R.L. Polk and Co. Related:
Z06 Corvette Named to Automobile All-Stars List
Corvette Makes Car And Driver 10 Best Cars List Technorati Tags:
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Corvette History: The Debut of America’s Sportscar

by Keith Cornett on January 17, 2007

1953 CorvetteFifty-Four 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.
Source:
NCM Corvette Timeline Related:
003 Sells for 1 Million Dollars Technorati Tags:
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