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1971 Corvette LT-1 Coupe

More than a few eyebrows were raised when Mecum Auctions announced their 6-week run of “Muscle Cars & More” at the Indianapolis Fairgrounds with television coverage provided by Discovery Channel’s HD Theater. We saw the main challenge as being two-fold. Could Mecum keep a sustainable pipeline of quality cars coming in over the course of the 6-week auction run AND could they keep the interest of buyers who are used to the weekend auction fly-in (or drive-in)? We’re here to report a solid yes regarding the Corvettes and a definite maybe on the buyers.

After three weeks of auctions, Mecum has sold $1,774,000 of Corvettes. So far, 43 Corvettes have been offered and 29 have sold for a 67% success rate. Only 14 were unsold, but with Mecum’s “The Bid Goes On” program, its possible that several more of these Corvettes may move over to the sold column.

The quality of Corvettes at a Mecum auction is always strong and the Corvettes appearing at Mecum’s Muscle Cars & More on HD Theater is about what we’ve expected. Collectible Corvettes of various years have been made available each of the first three weeks, but it was week 2 that was the night for showcasing Corvettes. We saw a 1963 Corvette Coupe Z06 Tanker sell for $225,500 and a 1967 Corvette Convertible with a 427/435 hp L71 go for $160,000. Week 2 also featured a bevy of fuel injected Corvettes as well as several RPO 687 Big Brake C1 Corvettes. So the quality and variety of Corvettes available are there.

Which leads us to the quality of buyers. We got a friend to Tivo and copy to DVD the Week 2 auction that was heavy with Corvettes. We saw several familiar faces including Terry Michaelis of Proteam, David Burroughs of Bloomington Gold fame and Terry Malone from Corvettes of Dallas. The Week 2 auction also appeared to have a steady stream of telephone and internet bidders, which we think would be a popular method of buyer participation in a multi-week auction format. With Corvettes selling successfully at a rate of 67%, our verdict on the quality of buyers week-in and week-out is a definite maybe and will be reevaluated at the close of the final auction next month.

So after three weeks of the six week run, here are the Corvette auction results from Mecum’s “Muscle Cars & More” TV Auction on HD Theater. Lot numbers starting A and J1 are from Week 1. B and J2 are Week 2 and C and J3 were sold on Week 3:

LOT YEAR MODEL SOLD HIGH BID
A2 1972 Corvette $18,000  
A3 1978 Corvette Pace Car – L82 4-Speed   $20,000
A6 1972 Corvette $16,000  
A19 2004 Corvette Convertible Comm Edt $29,000  
A40 1995 Corvette Convertible $13,250  
A45 1975 Corvette $16,000  
A46 1967 Corvette   $45,000
A53 1968 Corvette Convertible 427/435 $66,000  
J119 1986 Corvette   $24,000
J121 1986 Corvette Pace Car $8,500  
J125 1987 Corvette $6,500  
B1 1966 Corvette Coupe 427/390 $63,500  
B2 1995 Corvette Coupe Lingenfelter   $19,000
B3 1993 Corvette $10,750  
B4 1974 Corvette $19,000  
B9 1965 Corvette   $34,000
B12 1967 Corvette Convertible 427/400 $96,000  
B16 1977 Corvette T-Top $8,500  
B24 1962 Corvette Convertible $55,000  
B31 1956 Corvette Convertible 265/225   $74,000
B33 1958 Corvette Convertible 283/290 FI $125,000  
B34 1963 Corvette Z06 Tanker $222,500  
B35 1967 Corvette Convertible 427/435 $160,000  
B36 1962 Corvette Convertible 327/360 $135,000  
B37 1961 Corvette Convertible RPO 687 $132,500  
B39 1963 Corvette Convertible 327/360 FI   $86,000
B40 1958 Corvette Convertible 283/270 $94,000  
B41 1959 Corvette Convertible 283/290 FI $137,500  
B42 1962 Corvette Convertible 327/360 FI   $82,000
B44 1956 Corvette Convertible 265/225 $94,000  
B45 1963 Corvette Convertible 327/360   $67,500
J202 1964 Corvette Coupe 327/300 $35,750  
J204 1995 Corvette   $10,500
J210 1967 Corvette   $50,000
C21 1971 Corvette $13,000  
C24 1966 Corvette Convertible 327/300 $51,500  
C32 1971 Corvette T-Top LT-1 $46,000  
C37 1970 Corvette T-Top 454/390 $39,500  
C52 1967 Corvette Coupe 427/400 $51,000  
J315 1988 Corvette Coupe   $7,500
J316 1990 Corvette Coupe ZR-1 350/385   $20,000
J326 1995 Corvette Coupe LT1 350 $10,750  
J334 1970 Corvette Coupe 350/350   $14,500
         
    Total Corvette Sales (Week 1-3): $1,774,000  

Mecum’s live auction continues this weekend at 8pm Est on HD Theater.


Source:
Mecum Auctions
HD Theater

Related:
[VIDEO] Mecum Auction Results: 1963 Corvette Z06 Tanker
Friday’s Featured Corvettes for Sale: Mecum’s HD Theater Edition

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Corvette Racing in Long Beach

Johnny O’Connell and Jan Magnussen fought it out on the streets of Long Beach with their counterparts in the #4 Corvette C6.R and emerged victorious for the third stop of the American LeMans series. O’Connell and Magnussen’s #3 Corvette C6.R scored a 1.374 second victory over Oliver Gavin and Olivier Beretta in the No. #4 Corvette. With the win, Johnny O’Connell becomes just the third driver in the ALMS to score 30 victories.

“I first raced in Long Beach in 1986, so to finally get a win here 22 years later is very special,” O’Connell said. “Corvette Racing is the team that’s the most important in my career, and to show the performance of E85 ethanol racing fuel here in Southern California is a very cool moment.

“I was giving it everything I had,” O’Connell reported. “You see the competition in the pits between the two crews and how close it was between the Corvettes on the track, so it doesn’t take a big field of cars to make it an exciting race.”

Magnussen started on the GT1 pole and with Gavin close behind both drivers had to content with heavy traffic and debris along the 1.968-mile temporary race circuit. The teams pitted together under a caution after the first hour of the 100 mile race. The #3 Corvette with O’Connell made it out of the pits first and settled in to duel with the #4 C6.R and Olivier Beretta over the next 37 minutes. The lead stretched to 6.7 seconds at one point but Beretta was making up ground at the end. With the amount of traffic and lack of time remaining, O’Connell was able to hold Beretta off for the win.

“Long Beach always proves to be a great event,” commented Corvette Racing program manager Doug Fehan.” The two Corvettes battled all day long, both crews executed flawless pit stops, and the engineering team developed great strategies. We had another perfect run with cellulosic E85 ethanol, so it was just a great day for Corvette Racing and for the environment.”

The victory at Long Beach gives O’Connell and Magnussen a four-point lead (66-62) over Gavin and Beretta in the GT1 Driver’s Championship.

Corvette Racing will see its next action on Sunday, May 18 for the Utah Grand Prix held at Miller Motorsports Park near Salt Lake City. Racing begins at 1:00 PM Mountain Time and Speed with televise the two-hour, 45-minute event live at 3 p.m. ET.


Source:
Photo Credit: American LeMans

Related:
Corvette Racing: Magnussen Scores Pole at Long Beach
[VIDEO] Corvette Racing: A Day at the Races

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Corvette Z06 Black Edition by Geigercars

by Keith Cornett on April 19, 2008

GeigerCars Corvette Z06 Black Edition

German-based Geigercars was already well known in Corvette tuner circles for their performance engine enhancements and wide body kits. So when they turned their attention to the Corvette Z06, something special was bound to happen. GeigerCars calls it the Corvette Z06 Black Edition.

The Corvette Z06 is already ahighly tuned machine with 505 horses available for the driver. GeigerCars managed to up the performance of the LS7 7.0L V8 to a whopping 592 horsepower. And then there’s the body. The Z06 Black Edition matches the car’s sinister performance with a blacked out body. Very intimidating. The only trace of color comes from the red brake calipers behind the black 5 Spoke Corvette rims. The rear fascia has been redesigned and features a set of smaller diameter taillights that remind us of a Ferrari. And while its different than a stock Z06, we’re okay with it.

GeigerCar's Corvette Z06 Black Edition GeigerCar's Corvette Z06 Black Edition
 
GeigerCar's Corvette Z06 Black Edition GeigerCar's Corvette Z06 Black Edition

Sources:
WorldCarFans.com via AutoBlog.com

Related:
New Callaway Corvette Package Stands up and Delivers 580 hp

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Corvette Racing: Magnussen Scores Pole at Long Beach

by Keith Cornett on April 18, 2008

Corvette Racing in Long Beach

Corvette Racing’s #3 C6.R will be sitting on the pole this weekend for the Tequila Patron ALMS race at Long Beach thanks to Jan Magnussen. Magnussen put together a qualifying lap on the temporary circuit Friday at 1:17.059 (91.940 mph) shattering last year’s qualifying time by 1.086 seconds. Oliver Gavin and the #4 Corvette C6.R were second in the class with a lap of 1:14.465 (91.458 mph).

Bell Motorsports Aston Martin DBR9 did not have a qualifying time listed on today’s results.

“It was a really enjoyable lap – I was out there close to the walls, braking late, and riding the curbs,” Magnussen said after notching his seventh career ALMS pole. “I’m sure I could have massaged the lap a little bit and improved my time, but then you get into the gray area where you might have a faster lap or you might have a broken car. “We’ve been fast since we got here,” said the Dane. “We were faster than last year from the get-go.”

Magnussen employed a five lap strategy that appeared to pay off.

“I was very cautious during the first three laps because we’d set the tire pressures a little low to try to have a couple of stabs at the pole,” Magnussen explained. “It worked out well – when the Michelins came in, my Corvette was perfect.”

The Tequila Patron ALMS race at Long Beach starts at 4:10 p.m. PT on Saturday, April 19. ABC will broadcast the 100-minute race tape-delayed from 12:30 to 2:30 p.m. ET on Sunday, April 20.

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