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Barrett-Jackson Corvette Sales Top $6.5 Million

by Keith Cornett on April 3, 2006

83 Corvettes rolled across the auction block at the Barrett Jackson Palm Beach Spring Event last weekend bringing in a sales total just over $6.5 million dollars. A sales commission of 8% is factored into our totals as published at the Barrett-Jackson website. The highest selling Corvette was a 1967 Marina Blue 427/435 hp coupe with 33,780 documented miles. It sold for $259,200. Two other Corvettes also broke the $200k level. A Penant Blue 1954 Corvette sold for $237,600 and a 1958 Fuel Injected White/Silver convertible sold for $205.200. Complete Results:

Lot # Year Description Sales Price
389 1954 CHEVROLET CORVETTE CONVERTIBLE $70,200.00
645.1 1954 CHEVROLET CORVETTE CONVERTIBLE $92,880.00
648 1954 CHEVROLET CORVETTE CONVERTIBLE $83,160.00
652 1954 CHEVROLET CORVETTE CONVERTIBLE $237,600.00
374.1 1955 CHEVROLET CORVETTE CONVERTIBLE $60,480.00
401 1957 CHEVROLET CORVETTE FI CONVERTIBLE $162,000.00
662 1957 CHEVROLET CORVETTE CONVERTIBLE $96,120.00
369 1958 CHEVROLET CORVETTE CONVERTIBLE $153,360.00
713 1958 CHEVROLET CORVETTE FI CONVERTIBLE $205,200.00
718 1958 CHEVROLET CORVETTE CUSTOM CONVERTIBLE $103,680.00
669 1959 CHEVROLET CORVETTE CONVERTIBLE $87,480.00
698 1959 CHEVROLET CORVETTE CONVERTIBLE $84,240.00
365 1960 CHEVROLET CORVETTE CONVERTIBLE $66,960.00
735 1960 CHEVROLET CORVETTE FI CONVERTIBLE $172,800.00
692 1962 CHEVROLET CORVETTE CONVERTIBLE $91,800.00
719.1 1962 CHEVROLET CORVETTE FI CONVERTIBLE $137,160.00
78.1 1963 CHEVROLET CORVETTE 327/300 CONVERTIBLE $43,200.00
375.1 1963 CHEVROLET CORVETTE FI CONVERTIBLE $70,200.00
390 1963 CHEVROLET CORVETTE FI CONVERTIBLE $91,800.00
426 1963 CHEVROLET CORVETTE 327/350 CONVERTIBLE $39,960.00
675 1963 CHEVROLET CORVETTE FI CONVERTIBLE $60,480.00
679 1963 CHEVROLET CORVETTE 327/340 SPLIT WINDOW $72,360.00
701 1963 CHEVROLET CORVETTE FI CONVERTIBLE $79,920.00
734 1963 CHEVROLET CORVETTE RACECAR ZO6 CLONE $66,960.00
747 1963 CHEVROLET CORVETTE SPLIT WINDOW COUPE $64,800.00
351 1964 CHEVROLET CORVETTE 327/300 COUPE $55,080.00
368.1 1964 CHEVROLET CORVETTE STINGRAY COUPE $49,680.00
752 1964 CHEVROLET CORVETTE 327/300 COUPE $48,600.00
118.1 1965 CHEVROLET CORVETTE 327/300 COUPE $42,120.00
377 1965 CHEVROLET CORVETTE 327/350 COUPE $68,040.00
50 1966 CHEVROLET CORVETTE COUPE $43,200.00
67.1 1966 CHEVROLET CORVETTE 327 CONVERTIBLE $32,400.00
87 1966 CHEVROLET CORVETTE 327/350 CONVERTIBLE $44,820.00
362 1966 CHEVROLET CORVETTE 327/300 CONVERTIBLE $43,200.00
373.1 1966 CHEVROLET CORVETTE 327 CONVERTIBLE $57,240.00
379 1966 CHEVROLET CORVETTE 427/390 CONVERTIBLE $83,160.00
385.1 1966 CHEVROLET CORVETTE CONVERTIBLE $75,600.00
396 1966 CHEVROLET CORVETTE 427/425 CONVERTIBLE $108,000.00
406 1966 CHEVROLET CORVETTE 327/350 CONVERTIBLE $56,160.00
629 1966 CHEVROLET CORVETTE 327/300 CONVERTIBLE $50,760.00
630.1 1966 CHEVROLET CORVETTE 427 COUPE $64,800.00
635 1966 CHEVROLET CORVETTE CONVERTIBLE $103,680.00
637 1966 CHEVROLET CORVETTE CONVERTIBLE $79,920.00
655 1966 CHEVROLET CORVETTE 427/450 COUPE $156,600.00
707 1966 CHEVROLET CORVETTE 427/425 CONVERTIBLE $163,080.00
714 1966 CHEVROLET CORVETTE 427/450 CONVERTIBLE $140,400.00
382 1967 CHEVROLET CORVETTE 327/300 CONVERTIBLE $75,600.00
400 1967 CHEVROLET CORVETTE CONVERTIBLE STINGRAY $52,920.00
642.1 1967 CHEVROLET CORVETTE 427/435 CONVERTIBLE $99,360.00
653 1967 CHEVROLET CORVETTE 427/400 CONVERTIBLE $189,000.00
659.1 1967 CHEVROLET CORVETTE 427/435 COUPE $259,200.00
663 1967 CHEVROLET CORVETTE 427/400 COUPE $151,200.00
678 1967 CHEVROLET CORVETTE 327 CONVERTIBLE $75,600.00
687 1967 CHEVROLET CORVETTE 427/435 COUPE $154,440.00
690 1967 CHEVROLET CORVETTE 427/400 CONVERTIBLE $132,840.00
704.1 1967 CHEVROLET CORVETTE 427/390 CONVERTIBLE $124,200.00
711 1967 CHEVROLET CORVETTE 427/400 CONVERTIBLE $191,160.00
717 1967 CHEVROLET CORVETTE 427/435 CONVERTIBLE $113,400.00
745 1967 CHEVROLET CORVETTE 427/390 COUPE $48,600.00
672 1968 CHEVROLET CORVETTE 427/390 COUPE $52,380.00
330.1 1969 CHEVROLET CORVETTE COUPE $20,520.00
421 1969 CHEVROLET CORVETTE 427/390 COUPE $41,040.00
639 1969 CHEVROLET CORVETTE CONVERTIBLE $77,760.00
769 1969 CHEVROLET CORVETTE 427/390 CONVERTIBL $47,520.00
63.1 1971 CHEVROLET CORVETTE CONVERTIBLE $41,040.00
107 1971 CHEVROLET CORVETTE COUPE $39,420.00
313 1971 CHEVROLET CORVETTE CONVERTIBLE $23,220.00
56.1 1972 CHEVROLET CORVETTE CONVERTIBLE $30,780.00
132 1973 CHEVROLET CORVETTE COUPE $21,600.00
324 1978 CHEVROLET CORVETTE COUPE $32,400.00
327.1 1978 CHEVROLET CORVETTE PACE CAR COUPE $22,140.00
70 1982 CHEVROLET CORVETTE COLLECTOR EDITION $16,200.00
613.1 1982 CHEVROLET CORVETTE COUPE $22,680.00
439 1986 CHEVROLET CORVETTE PACE CAR CONVERTIBLE $22,140.00
425 1990 CHEVROLET CORVETTE ZR-1 $43,200.00
615.1 1990 CHEVROLET CORVETTE ZR-1 COUPE $30,240.00
756 1990 CHEVROLET CORVETTE ZR-1 COUPE $27,000.00
125 1991 CHEVROLET CORVETTE ZR-1 COUPE $32,400.00
330 1996 CHEVROLET CORVETTE CONVERTIBLE $20,520.00
613 1998 CHEVROLET CORVETTE INDY PACE CAR  $32,400.00
731 2000 CHEVROLET CORVETTE ROLEX 24HR PACE CAR $48,600.00
395 2002 CHEVROLET CORVETTE AVALATE CUSTOM SPLIT  $54,000.00
730 2003 CHEVROLET CORVETTE 50TH ANNIVERSARY  $26,460.00
    
Total Sales:$6,554,520.00
Source: Barrett-Jackson.com
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Atomic Orange Color Unveiled

by Keith Cornett on April 2, 2006

DigitalCorvettes.com has posted the first photos of the new and only color change for 2007 – 83U Atomic Orange. The color replaces Daytona Sunset Metallic which ended its run on April 1st. These photos first the web on Friday afternoon and due to the close proximity to April Fool’s Day had a lot of folks asking if this was a joke. The color is reminiscent of the Corvette Orange of the mid-seventies. I would have preferred to see GM go in a different direction so we’ll see what the marketplace decides. Credit: DigitalCorvettes.com
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Corvette Racing Glory Ignored By GM

by Keith Cornett on March 31, 2006

AutoExtremist.com’s Peter DeLorenzo rips GM a new one for not doing ANYTHING to reward, promote or even mention the historic win by Corvette Racing’s #4 Corvette in last week’s 12 Hours of Sebring, America’s most prestigious sports car race. Not only was the win historic, but this race was Corvette’s 50th year of racing, another milestone that must have slipped the minds of GM’s spinsters.

Today, thanks to the True Believers who remain actively engaged in the corporation, the Corvette is a glittering example of what GM can do when it unleashes its best and brightest on a machine that embodies everything that a modern, high-performance sports car should be. And when you factor in the active and passive safety features, the real-world fuel efficiency numbers and the unmatched value that become a seamless part of its final equation, there is no question that the Corvette is one of the finest cars in the world – at any price. Which is why it remains a shock to me that GM and Chevrolet marketers have squandered every opportunity presented to them to use the Corvette as a demonstrative showcase vehicle for the company’s capabilities. It’s as if they’re almost ashamed of the car, or maybe it’s just that they can’t bring themselves to admit that they have one of the world’s great cars sitting right under their noses – and they don’t have the faintest of clues as to what to do with it.
I think Peter sums up the answer to his initial question correctly of why GM treats the Corvette brand like the red-headed stepchild. Because at the end of the day, the Corvette “sells itself” and GM is not going to “spend a dime on something that’s a sell-out anyway”… Read the entire rant at AutoExtremist.com
Photo Credit: Richard Prince
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80 Corvettes At No Reserve

by Keith Cornett on March 30, 2006

Barrett Jackson’s 4th Annual Palm Beach Collector Car Auction begins today and once again the high profile event has attracted 80+ highly collectable Corvettes to be sold at no reserve. Included in the list of Corvettes is an NCRS Top Flight-winning white 1954 Corvette convertible with matching numbers and a 235 ci Blue Flame 6-cylinder engine. Click here to see the entire listing of Corvettes for Sale. The auction will be televised on SPEED with taped coverage beginning at 6pm today and tomorrow and live coverage happening most of Saturday, April 1st. Check back after the auction for an update on the selling prices.
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Another 2006 Corvette Recall

by Keith Cornett on March 29, 2006

GM will begin notifying 2006 Corvette owners about an issue with the engine flywheel. The recall covers Corvettes with the VIN Breakpoints of 65115878 – 65121102 where the engine and manual transmission may have a condition in which the flywheel may have been incorrectly machined, resulting in insufficient clearance for clutch cover self adjustment, reducing clutch life. Dealers are to inspect and, if necessary, replace the engine flywheel. The following is the Service Bulletin:

GM Parts Bulletins & Information – To Chevrolet Dealers GMP06-060 – Customer Satisfaction Program #06523 Engine Flywheel/Clutch Interference DESCRIPTION: CUSTOMER SATISFACTION PROGRAM #06523 – MARCH 27, 2006 THIS RECALL IS IN EFFECT UNTIL March 31, 2007 - Certain 2006 Chevrolet Corvette model vehicles equipped with 6.0L V8 (RPO LS2 – VIN U) or 7.0L V8 (RPO LS7 – VIN E) engine and manual transmission may have a condition in which the flywheel may have been incorrectly machined, resulting in insufficient clearance for clutch cover self adjustment, reducing clutch life. - This program will expire on March 31, 2007. - Dealers are to inspect and, if necessary, replace the engine flywheel. - Refer to Customer Satisfaction Program #06523 for further information EFFECTIVE DATE:
Initial owner mailing is scheduled to begin: 4-3-06 GENERAL INFORMATION:
Parts required to complete this program are to be obtained from General Motors Service Parts Operations (GMSPO). Normal orders should be placed on a DRO = Daily Replenishment Order. In an emergency situation, parts should be ordered on a CSO = Customer Special Order. Part Number Description Quantity/Vehicle: 12571611 Flywheel, Eng 1 IMPORTANT:
Due to the small number of vehicles involved and due to limited initial parts availability, Dealers are encouraged not to order program parts for use as shelf stock. Parts should only be ordered when inspection determines that it is necessary to replace the flywheel. CONDITION
Certain 2006 Chevrolet Corvette model vehicles equipped with 6.0L V8 (RPO LS2 – VIN U) or 7.0L V8 (RPO LS7 – VIN E) engine and manual transmission may have a condition in which the flywheel may have been incorrectly machined, resulting in insufficient clearance for clutch cover self adjustment, reducing clutch life. This program will expire on March 31, 2007. CORRECTION
Dealers are to inspect and, if necessary, replace the engine flywheel. VEHICLES INVOLVED
Involved are certain 2006 Chevrolet Corvette model vehicles equipped with 6.0L V8 (RPO LS2 – VIN U) or 7.0L V8 (RPO LS7 – VIN E) engine and manual transmission and built within these VIN breakpoints: 2006 Chevrolet Corvette 65115878 65121102 Important: Dealers are to confirm vehicle eligibility prior to beginning repairs by using the GM Vehicle Inquiry System (GMVIS). Not all vehicles within the above breakpoints may be involved. For dealers with involved vehicles, a listing with involved vehicles containing the complete vehicle identification number, customer name, and address information has been prepared and will be provided through the applicable system listed below. Dealers will not have a report available if they have no involved vehicles currently assigned.

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Top 100 Corvette Shops

by Keith Cornett on March 28, 2006

Corvette Fever magazine is out with their annual 100 Corvette Shops You Can Trust list for 2006. The list is compiled from reader’s submissions and includes both full-blown restoration shops to those you can visit for routine maintenance. Corvette Fever has made the list available on their website so you don’t have to be a subscriber or try to track down a back issue to view. Only one of my shops made the list, Classic Corvettes of Tampa, Florida. Lenny restored the engine and suspension in my ’66 Convertible. My other favorite shop, VanSteel Corvettes in Clearwater should be on the list as they know Corvette brakes and suspension better than anyone. A good Corvette shop near you can not only help with your Corvette’s maintenance and restoration issues, but can be utilized as a resource for buying and selling Corvettes. They often know of Corvettes that are for sale but may not be actively on the market and they may be able to do a once-over of a Corvette you may be buying. Check out the list at CorvetteFever.com. If your favorite shop isn’t listed, let CF know…
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Originality vs Over-Restored

by Keith Cornett on March 27, 2006

Last week at VetteFinders.com, our Corvette classifieds and appraisals website, we received an order to appraise the value of a 1965 Corvette coupe. Usually, this is a fairly easy process and the owner of the car provided very complete answers to the questionnaire that we require which allows us to place an approximate value on such a car. First, here are some details of this 65 Coupe: 1965 Coupe, VIN 194375S123XXX. Blue with Blue interior (not original colors), Body off restored in 2005. 396 ci 425 hp, 4-Speed transmission. Power Steering, Brakes, Windows. Factory Side Exhaust, Knock-Offs. Telescopic Steering Column. Also the following RPO’s: A01, A31, F40, G81,J 50, K66, L78, M20, N14, N32, N36, P48, T01, U69. Car is in “Excellent, Show Condition” and has won the following awards: Second Flight NCRS, Bloomington Silver. No owner history was available including any original ordering and delivery documents. This coupe was loaded with desirable options. Among them are power steering, brakes and windows, as well as a telescopic steering column and teak steering wheel. It is equipped with the F-40 special front and rear suspension, knock off wheels and side mounted exhaust. These three options are classified as “rare” with less than five percent of the 1965 models built with these options. Sounds like a great coupe, right? Catch the last line of the description? “No Owner History Available”. And that’s a serious issue we have when it comes to correctly appraising a classic Corvette. Corvettes are a hot commodity these days. Most Mid-Year Corvettes have yearly double digit appreciations and buyers are paying premiums for big block motors and rare options. If you’ve watched the Barrett-Jackson auction over the last couple of years you understand what I am saying. Unfortunately, in a hot market, one of the first casualties is Originality. I’m not talking numbers matching originality. I’m not talking NCRS originality. I’m talking about how THAT particular Corvette was equipped when it rolled down the assembly line and was delivered from the Chevrolet dealership to the first owner. It was only in 1967 that Chevrolet started including build sheets on top of the gas tanks that showed how that Corvette was equipped when it was assembled. If you are buying a pre-67 Corvette, the most important documentation you can have is the window sticker or sales documentation which included the options for that particular car. Many owners were smart and held on to these documents and passed them on to the new owner when the Corvette was sold. There is a joke about the 1967 L88 Corvettes. Chevrolet only produced 16 of them, but there are at least 20 in existence. Some restorers were able to recreate the magic of the L88 and even without having the documentation to prove it was originally an L88, there are people ready to buy into the lie and pay the bucks to acquire such a “rare” corvette. If there were 100 L88 Corvettes available in the marketplace, what does that do the values and uniqueness of the original 16? When doing a frame-off restoration, it is easy is it to add options that originally were not on the Corvette when it was assembled. Options that would add “rare” to the description. And when the restoration is complete, the owner goes out and gets the Corvette certified through the NCRS and Bloomington so that when it hits the auction block, he gets his premium. As our appraiser started working on the substantiation for our 1965 Coupe, he first believed he had a $100,000+ car. But the more he researched and reviewed the photos, not everything was as it appeared. So we had a conversation with the owner. He claimed he had spent over $100,000 in the restoration of the Coupe and wanted us to provide an appraisal for that amount for his insurance. I told him our concerns over the lack of documentation and how that plays a role in valuations, but he didn’t care. He had just received Second Flight status from NCRS and a Silver award at Bloomington and was preparing the car for Top Flight and Gold and eventually a Duntov award. We don’t know if options were added during the restoration, but without the documented history of the Corvette, we could never justify the number he felt he needed, so we refunded his appraisal order and suggested he look elsewhere. Over-restoring a Corvette seems to be acceptable in a hot market, but at some point the classic car market will cool as it did in the late 80’s and those that buy these cars will be left hanging in the wind as the marketplace corrects itself and the speculators move on to the next great money-making idea. This experience has me thinking about the future of Classic Corvettes. What will happen to market values and the hobby overall when anyone with enough money can build a Corvette with whatever options he feels is profitable? What would be the point of sharing the documented history of a car if in the end it doesn’t matter? All of us involved with Corvettes have a vested interest in trying to preserve what constitutes Originality not only from a Numbers-Matching issue, but from preserving the Corvette as it passes from owner to owner.
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Corvette Story of the Day

by Keith Cornett on March 25, 2006

I came across this post on a blog today about Corvettes:

One time I tried to race a Corvette. It was pretty cool. Alex and I were on our way back to high school at the end of lunch, and we were stopped at a stoplight next to one of the newer-model Corvette’s (so we knew it was a pretty new car). I put my car in neutral and started revving the engine and looking over at the guy in the Corvette, then the light changed to green, we both gunned it, and it turns out Corvettes really are a lot faster than Integras.
Posted at: thekingant.livejournal.com
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Featured Corvettes at VetteFinders.com

by Keith Cornett on March 24, 2006

Once a month we send out our Featured Corvettes newsletter featuring 18 of the hundreds of Corvettes available at VetteFinders.com. Here are the highlighted ads from our March newsletter, one from each generation.

1961 Convertible
$48,000
1965 Convertible
$52,000
1969 Convertible
$20,000
 
1991 ZR-1 Coupe
$24,500
2000 Convertible
$29,700
2005 Coupe
$44,000
Interested in receiving the Featured Corvettes newsletter? Click here to subscribe.
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The following was posted on CorvetteForum.com by a member using the screen name “Flyzlow” on March 22, 2006. It’s a story about a young boy fighing Leukemia and how a Corvette club rallied to support him.

A few weeks ago my corvette club sent me an email about a 12 year old boy who is dying of leukemia. He lives in Chicago but his wish was to visit his grandparents in Phoenix. His grandparents had told him about Corvettes and he was excited to see one. One of the grandmother’s friends is a member of Sun Country Corvettes here in Phx. and upon hearing of the visit offered to get a group together to do a drive by to their house Friday afternoon after his Chemotherapy. Having battled health problems and chemo myself the past two years I told my wife we were definetely going to take part and drive both of our Vettes for this worthy cause. We met at a Quick trip and found 26 Corvettes and about six Phoenix Police cars there to provide an escort for us all the way to ‘Tylers’ grandparents home. I was never so proud to be part of a group like this. We left at 6:00 pm and drove through red lights and stop signs right to his front door. [Thankyou and God bless you Phoenix Police Dept!] Tyler and his family came outside to see a double line of Vettes all the way down his street and about 35-40 members applauding him and chanting his name, Tyler! Tyler! Soon the neighbors were standing in their yards in awe of the cars and the excitement. He was introduced and a loud unanimous vote was taken to make him an honorary member of our Club. He was given a Corvette hat, a club shirt, a certificate and an assortment of corvette scale model cars. The final moment was for him to walk through the lines of cars and choose any and all that he wanted a ride in. He stated that he liked the old ones but he singled out a silver C6 convertible owned by two of our new members who live a block from me and met our club at a car show at the dealership the day they bought their car just a few months ago. Tyler drove off to the cheers of the crowd and then repeated it time after time in other club members cars. I don’t think anyone there wasn’t affected by the many emotions that this act of kindness brought up in all of us. To my wife and I it was the most worthy reason to ever fire up our cars and spend the gas for a cruise for something far more meaningful than a club dinner or car show or whatever. I think now of some of the posts about Vette owners failing to wave, which exhaust, wheels, mats, radar detector etc. etc. and realize that all of us who made that drive regardless of what year vette or how much it cost, how many mods, or how fast in the quarter just got the biggest bang for our buck that we could ever have gotten from any amount spent on our cars simply by sharing our love for them with a twelve year old who will never drive one or own one but for one afternoon tasted the passion that we enjoy and maybe take for granted. I have been thinking all weekend long about how we can use our cars, our clubs and ourselves in ways that can be as positive and impactful as this was. I want to thank Connie and Jack for organizing this and all of you who participated. Again, thanks Phx. P.D. God Bless You Tyler!!
Thanks, Flyzlow for relating this humbling story and to the members of the Sun Country Corvette Club of Phoenix who demonstrated class and compassion on behalf of all Corvette owners. Source: CorvetteForum.com
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