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RM Auction Results: 1953 Corvette Sells for $290,400

by Keith Cornett on January 19, 2008

1953 Corvette Convertible

Barrett-Jackson isn’t the only game in town this weekend. Several highline auction houses also had events worth noting, and in particular interest to us was RM’s Arizona Auction held Friday, January 18th where a 1953 Corvette was offered and sold.

The Corvette, lot number 182, was sequence number 268 of the 300 produced in 1953. According to the auction description, the car was purchased back in the 1970′s by a noted Corvette specialist and had a professional documented concours quality restoration in the early 1980′s. The Corvette has appeared at several shows and earned its AACA National Senior First Prize in Hershey, PA in 1986. The seller acquired the Corvette in 2001 and had it stored in a private collection since then. At one show, the Corvette was signed by Zora Arkus-Duntov on the fender and dash and a photograph of Zora signing the car was included in the sale.

While the pre-sale estimates of the Corvette ranged from $275,000-$325,000, the actual selling price was $264,000 and with the 10% buyers commission, the total selling price was $290,400. Still a decent purchase in our opinion based on 2007′s 1953 Corvette sales average of $359,079 from six public auctions.

Next weekend we’ll be in Kissimmee Florida for Mecum’s Winter Classic where another 1953 Corvette Convertible is set to be sold. Stay tuned as we will have the complete details following the auction.


Source:
RM Auctions

Related:
Auction Results: 1953 Corvette Fetches $440,000 at Hilton Head

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Barrett-Jackson 08: 1958 Corvette Sets High Price

by Keith Cornett on January 19, 2008

We were damn lucky to see this Corvette get sold. It seems this year Speed TV has a knack of going to commercials just as a Corvette is crossing the auction block. So when the video starts you’ll see the bidding has already underway.

Lot Number 990.1 is a 1958 Corvette Convertible, Silver Blue with Silver Blue interior. Featuring a 283 ci 240 dual quad engine coupled to a T10 transmission, the Corvette has just 36,990 original miles. It has a very low production sequence number of #302. The numbers matching Corvette underwent a documented frame off restoration and has just 200 miles on her since completion.

The couple that won the bidding were very excited. The announcer says this is the fourth car he has purchased and his wife is still smiling!

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
Barrett-Jackson 08: [VIDEO] 1958 Corvette Convertible
Barrett-Jackson 08: [VIDEO] A Tale of Two 1963 Corvettes
Barrett-Jackson 08: [VIDEO] 1966 Corvette Convertible Sells for $86,900
2008 Barrett-Jackson Corvette Auction Preview

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This auction has nothing to do with Corvettes, but that doesn’t mean we can’t have some fun with one of my favorite superheroes. Check out this recreation of one of the most recognizable cars in the world, the 1960′s era Batmobile. Constructed out of a 1974 Lincoln, the replica features functional lights, a real flame thrower and gadgets including the Bat Phone.

Introduced by Batman himself (a replica of Adam West?), this car brought out the fans who themselves were decked out in the famous cowl and cape. The car sold for $185,000 and with the 10% buyers commission, total sales price crested over the 200 large mark to $203,500.

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
Barrett-Jackson 08: [VIDEO] A Tale of Two 1963 Corvettes
Barrett-Jackson 08: [VIDEO] 1966 Corvette Convertible Sells for $86,900
2008 Barrett-Jackson Corvette Auction Preview

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Barrett-Jackson 08: [VIDEO] 1958 Corvette Convertible

by Keith Cornett on January 18, 2008

Here is a really sharp 1958 Corvette that was sold at the 2008 Barrett-Jackson Collector Car Auction in Scottsdale, Arizona. The selling price was $75,000 + the 10% buyers commission of 10% for a total price of $82,500.

Lot #728 was the first C1 Corvette to cross the block at the 2008 auction. The Corvette’s exterior is Snowcrest White with Inca Silver coves and comes appointed with a Pebble Black interior. Powered by a 283 ci 270 hp dual quad small block V8, the sales literature lists the mileage at an incredible 30,500 miles.

There is kind of a funny aside to this story. The seller is John Howard, car collector and legendary cycling and triathlon star. Howard set the bicycle land speed record of 152 mph back in 1985 at the Bonneville Salt Flats, traveling at a speed greater than his 1958 Corvette is capable of in its stock form. No word on whether or not the bike was modded.

For a list of Corvettes going through the Barrett-Jackson Collector Car Auction, check out our Corvette auction preview.

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
Barrett-Jackson 08: [VIDEO] A Tale of Two 1963 Corvettes
Barrett-Jackson 08: [VIDEO] 1966 Corvette Convertible Sells for $86,900
2008 Barrett-Jackson Corvette Auction Preview

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Barrett-Jackson 08: [VIDEO] A Tale of Two 1963 Corvettes

by Keith Cornett on January 18, 2008

Two 1963 Corvettes crossed the auction block at the Barrett-Jackson Collector Car Auction on Thursday evening, and while they were both made in 1963 they were anything but alike.

Lot #709 is a Tuxedo Black convertible with a ’67 stinger hood and 20″ Foose rims. It has the 327 ci 340 hp L76 engine and is coupled to a 4-speed transmission. It’s bling was showing for a reason as it was recently used in the making of a music video by the rapper T.I.

The second 1963 Corvette in this highlight, Lot # 743 is a split window coupe, all original with a matching numbers base 327 ci 250 hp engine and a 4-Speed. It had some nice convenience options including power steering, power brakes and power windows. Finished in Riverside Red, the coupe is just stunning.

The reason I combined these two auctions into one video is not so much to compare the two as it is to contrast them: With different body styles, engine options and restoration goals, these two Corvettes are completely different cars.

So let me ask you a question. If you could have your choice between a very solid semi-celebrity (video ho!) Corvette roadster with nearly 100 horsepower more than a matching numbers base engine Split Window Coupe, which one would you choose? Leave a comment below and remember there is no wrong answer.

For a list of Corvettes going through the Barrett-Jackson Collector Car Auction, check out our Corvette auction preview.

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
Barrett-Jackson 08: [VIDEO] 1966 Corvette Convertible Sells for $86,900
2008 Barrett-Jackson Corvette Auction Preview

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We haven’t done this in a while, so to kick off the first “Friday’s Featured Corvettes for Sale” post of the new year, I thought a theme was in order. As the book title goes, “All Corvettes Are Red” and so are all the Corvettes listed here from VetteFinders.com, our Corvette classified ads website. This 6-pack offers a little something for everyone so if you’re in the market for a new dream ride and can’t afford Scottsdale pricing, come over and take a look at more than 500 Corvettes for sale.

1959 Corvette Convertible For Sale 1964 Corvette Convertible For Sale 1974 Corvette T-Top For Sale
1959 Convertible
$49,000
1964 Convertible
$69,750
1974 T-Top
$10,900
 
1996 Corvette Coupe For Sale 2002 Corvette Hardtop For Sale 2005 Corvette Convertible For Sale
1996 Coupe
$18,500
2002 Z06 Project
$15,500
2005 Convertible
$51,500

Selling Your Corvette? Now is the time and VetteFinders.com is the place to reach more qualified Corvette Buyers. Corvette Classified Ads are only $25 and run for 3 months. You can post unlimited photos and you have access to make any changes at any time.


Source:
VetteFinders.com

Related:
Maybe All Corvettes Should Be Red

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Yes, Barrett-Jackson is finally here and we’re celebrating by watching wall to wall coverage of the super bowl of classic car auctions. Tuesdays and Wednesdays are usually considered the bargain nights, but here is a 1966 Corvette convertible that we believe was well sold.

This Corvette (Lot # 464) features a 327 ci 300 hp base engine with several rare options. Just 8.7% of 1966 Corvettes were equipped with the two-speed powerglide automatic transmission and only 12.7% came with factory air conditioning. The Corvette was finished with the most popular color in 1966, Nassau Blue (6,100) and features a black interior. The matching numbers Corvette is said to have undergone an extensive frame-off restoration.

I feel for the commentators though as it’s tough enough to talk on live television without occasionally getting something wrong. So for today’s trivia question, take a listen and leave a comment with what you think was incorrectly described during this auction.

For a list of Corvettes going through the Barrett-Jackson Collector Car Auction, check out our Corvette auction preview.

Sources:
Barrett-Jackson.com
SpeedTV.com

Related:
2008 Barrett-Jackson Corvette Auction Preview

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Corvette ZR1′s Chassis and LS9 Engine Cutaway Displays

by Keith Cornett on January 16, 2008

Perhaps taking a page from past Corvette auto show displays, Chevrolet has rolled out two displays for the Corvette ZR1 at this year’s Detroit Auto Show. The first shows a cutaway of the potent LS9 6.2L supercharged V8. Decked out in a monochrome silver paint, the cutaway gives us a glimpse of inner workings of the Eaton supercharger showing the twin screws.

The LS9 Corvette Cutaway

The second display features a rolling chassis of the Corvette ZR1. The vertical display gives the impression that the Corvette is ready to blast off.

The ZR1 Corvette Chassis

AutoBlog.com does an excellent job of walking you through the technical aspects of both displays. Click below to visit each of their posts and soak up all that Corvette ZR1 coolness.


Source:
AutoBlog: The LS9 Cutaway
AutoBlog: The ZR1 Chassis

Related:
Video: The Introduction of the Corvette ZR1 at GM Style
2009 Corvette ZR1 Photo Gallery
The New King of the Hill: The 2009 Corvette ZR1
Video: 1965 Corvette Cutaway Autorama Display Sells for $704,000

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Corvette Racing Moves to E85 for 2008 ALMS Season

by Keith Cornett on January 16, 2008

E85 Powered Corvette C6.R

The Corvette Racing team announced this year’s 2008 American LeMans Series campaign will be fueled by E85 ethanol, a high-octane blend of 85% ethanol and 15% gasoline. Last year, the team won its 7th consecutive GT1 manufacturer and team championships on E10, which is just 10% ethanol. With the switch to E85, the C6.R’s becomes the latest in the Corvette family to go green.

According to Steve Wesoloski, GM Road Racing Group Manager, the transition to E85 from E10 will be seemless. “The race cars’ fuel systems were already 100 percent compatible with ethanol,” he said, “so our preparation for the change to E85 in 2008 basically comes down to recalibrating the engines.”

“By showcasing the capabilities of E85 ethanol before an audience of knowledgeable and technically astute race fans, we can demonstrate the benefits of a renewable fuel that helps to reduce dependence on petroleum, helps to reduce emissions of greenhouse gases, and helps to create greater diversity in energy supplies,” Chevrolet general manager Ed Peper said. “Of course, performance is what counts in racing, so E85 ethanol’s higher octane rating than gasoline wasn’t overlooked by the Corvette Racing engineers.”

The first E85 Corvette was Jay Leno’s C6RS Z06 which made a huge splash at last year’s SEMA show. That Corvette was also built by Pratt and Miller, builders of the Corvette C6.Rs. Then we had the announcement in late December of the E85-powered 2008 Indianapolis 500 Pace Car. With the trickle-down effect that Corvette Racing has on its regular production-bred siblings, its a natural evolution for there to be at some point in the near future an E85 powered Corvette coming directly from the assembly plant at Bowling Green.

The 12 race season of the ALMS kicks off March 15th at the Mobile 1 Twelve Hours of Sebring.


Sources:
CorvetteRacing.com
Jalopnik.com

Related:
Two Unique Corvettes to Pace the 2008 Indianapolis 500
Green Gets Mean: The Skinny on Jay Leno’s E85 Corvette C6RS

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Corvette Chief Engineer Tadge Juechter talks with FastLaneDaily.com about the 2009 Corvette ZR1 on location at the Detroit Auto Show. Tadge tells us the inspiration of the Corvette’s ceramic composite brakes was the Ferrari Enzo as well as the decision to hotlap the car during last year’s final ALMS race at Laguna Seca.


Source:
FastLaneDaily.com

Related:
Video: The Introduction of the Corvette ZR1 at GM Style
2009 Corvette ZR1 Photo Gallery
The New King of the Hill: The 2009 Corvette ZR1