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Barrett-Jackson Corvette Sales Top $12.6 Million

by Keith Cornett on January 24, 2006

By the time the final gavel fell on the 2006 Barrett-Jackson Auction in Scottsdale, 113 Corvettes crossed the auction block for a total combined sales of $12,679,362.00. A sales commission of 8% is factored into our totals as published at the Barrett-Jackson website. This year’s highest selling Corvette was #003, the oldest surviving Corvette which sold for $1 Million Dollars. Dave Ressler, owner of several multi-brand dealerships in South Dakota and Montana, outbid Terry Michaelis of ProTeam Corvettes and Dana Mecum of Mecum Auctions. Other Notable Corvettes include: A 1967 Convertible 427/435 car sold for $378,000. The Corvette received a Top Flight award in September 2005 and has been featured twice in Corvette Enthusiast Magazine. A 1969 L-88 Coupe sold for $334,800. Nicknamed Earthquake 88 due to the roar of the engines of the L88 cars, the Riverside Gold coupe spent many years of its life on display at the famous Gilmore Classic Car Museum in Hickory Corners, Michigan. Selected in 1988 for the Bloomington Gold Special Collection. This Corvette was inducted into the Bloomington Gold Hall of Fame in 1998. Selected again for the 2003, 50th Anniversary Corvette celebration, the car was part of the special collection that year. Bloomington Gold certified 2003 and NCRS Top Flight 2005. David Van Weele’s 1963 Z06 sold for $197,640. One of 199 Z06′s built. Awards include NCRS Top Flight, NCRS Duntov Award and Performance Verification, Bloomington Gold and part of very first Bloomington Gold Special Collection, Chips Choice Award and twice in NCRS “Field of Dreams” at Orlando. Appeared twice in the Chevy tent at the Daytona Rolex 24 race. Used as a reference car by Noland Adams in his restoration guide. Complete Results:

Lot #YearDescriptionSales Price
13111953CHEVROLET CORVETTE #003 CONVERTIBLE$1,080,000.00
9841954CHEVROLET CORVETTE CONVERTIBLE$102,600.00
9981954CHEVROLET CORVETTE CONVERTIBLE$106,920.00
1537.11954CHEVROLET CORVETTE CONVERTIBLE$86,400.00
13431955CHEVROLET CORVETTE CONVERTIBLE$97,200.00
1248.11956CHEVROLET CUSTOM CORVETTE NOMAD WAGON$108,000.00
7581957CHEVROLET CORVETTE FI CONVERTIBLE$107,460.00
1010.11957CHEVROLET CORVETTE CONVERTIBLE$88,560.00
1017.11957CHEVROLET CORVETTE FUEL INJECTED $178,200.00
10501957CHEVROLET CORVETTE CONVERTIBLE$97,200.00
1282.11957CHEVROLET CORVETTE CONVERTIBLE$237,600.00
12951957CHEVROLET CORVETTE ZL-1 CONVERTIBLE$291,600.00
9831958CHEVROLET CORVETTE CONVERTIBLE$108,000.00
10011958CHEVROLET CORVETTE FI CONVERTIBLE$110,160.00
1034.11958CHEVROLET CORVETTE FI CONVERTIBLE$108,000.00
1284.11958CHEVROLET CORVETTE FI CONVERTIBLE$97,200.00
1020.11959CHEVROLET CORVETTE CONVERTIBLE$93,960.00
10461959CHEVROLET CORVETTE CONVERTIBLE$143,640.00
12251959CHEVROLET CORVETTE CONVERTIBLE$140,400.00
15611959CHEVROLET CORVETTE FI CONVERTIBLE$98,280.00
711.11961CHEVROLET CORVETTE FI CONVERTIBLE$66,960.00
9631961CHEVROLET CORVETTE CONVERTIBLE$113,400.00
10021961CHEVROLET CORVETTE FI CONVERTIBLE$89,640.00
12521961CHEVROLET CORVETTE CONVERTIBLE$172,800.00
961962CHEVROLET CORVETTE 327 CONVERTIBLE$60,480.00
7361962CHEVROLET CORVETTE 327 CONVERTIBLE$108,000.00
7451962CHEVROLET CORVETTE FI CONVERTIBLE$135,000.00
753.11962CHEVROLET CORVETTE 327 CONVERTIBLE$72,900.00
9521962CHEVROLET CORVETTE CONVERTIBTLE$68,040.00
9761962CHEVROLET CORVETTE 327 CONVERTIBLE$99,360.00
10061962CHEVROLET CORVETTE 327 CONVERTIBLE$73,440.00
10621962CHEVROLET CORVETTE 327 CONVERTIBLE$124,200.00
13531962CHEVROLET CORVETTE FI CONVERTIBLE$88,560.00
3831963CHEVROLET CORVETTE 327 SPLIT WINDOW COUPE$108,000.00
4211963CHEVROLET CORVETTE CONVERTIBLE$43,200.00
6981963CHEVROLET CORVETTE 327 SPLIT WINDOW COUPE$70,200.00
7591963CHEVROLET CORVETTE CUSTOM CONVERTIBLE$83,700.00
9491963CHEVROLET CORVETTE 327 SPLIT WINDOW COUPE$7,884.00
12371963CHEVROLET CORVETTE CUSTOM SPLIT WINDOW $118,800.00
12941963CHEVROLET CORVETTE ZO6 COUPE$197,640.00
1562.11963CHEVROLET CORVETTE FI CONVERTIBLE$78,300.00
12231964CHEVROLET CORVETTE CONVERTIBLE$50,760.00
911965CHEVROLET CORVETTE CUSTOM CONVERTIBLE$102,600.00
4291965CHEVROLET CORVETTE 396/425 COUPE$75,600.00
6711965CHEVROLET CORVETTE 327 CONVERTIBLE$55,080.00
713.11965CHEVROLET CORVETTE 327 COUPE$67,500.00
10261965CHEVROLET CORVETTE 396/425 COUPE$91,800.00
12451965CHEVROLET CORVETTE FI CONVERTIBLE$151,200.00
9591966CHEVROLET CORVETTE 327/350 COUPE$76,680.00
991.11966CHEVROLET CORVETTE 427/425 CONVERTIBLE$108,000.00
1052.11966CHEVROLET CORVETTE 427/390 CONVERTIBLE$83,160.00
12631966CHEVROLET CORVETTE 427/425 CONVERTIBLE$216,000.00
15521966CHEVROLET CORVETTE 327/350 CONVERTIBLE$72,360.00
15651966CHEVROLET CORVETTE 427/425 CONVERTIBLE$113,400.00
3901967CHEVROLET CORVETTE 327 CONVERTIBLE$50,220.00
419.11967CHEVROLET CORVETTE 427/435 CONVERTIBLE$121,500.00
7401967CHEVROLET CORVETTE 327/300 CONVERTIBLE$75,600.00
7541967CHEVROLET CORVETTE 427/390 CONVERTIBLE$81,000.00
10031967CHEVROLET CORVETTE 427/435 COUPE$137,160.00
10091967CHEVROLET CORVETTE 427/435 CONVERTIBLE$105,840.00
10171967CHEVROLET CORVETTE 427/435 CONVERTIBLE$189,000.00
1018.11967CHEVROLET CORVETTE 427/435 COUPE$97,200.00
10271967CHEVROLET CORVETTE 427/435 CONVERTIBLE$216,000.00
10401967CHEVROLET CORVETTE 427/435 CONVERTIBLE$149,040.00
10591967CHEVROLET CORVETTE 427/400 CONVERTIBLE$136,080.00
1231.11967CHEVROLET CORVETTE 427/390 COUPE$88,560.00
12361967CHEVROLET CORVETTE 427/435 CONVERTIBLE$221,400.00
1261.11967CHEVROLET CORVETTE 427/400 COUPE$108,000.00
12651967CHEVROLET CORVETTE 427/435 CONVERTIBLE $228,960.00
12751967CHEVROLET CORVETTE 427/400 CONVERTIBLE$221,400.00
12791967CHEVROLET CORVETTE 427/435 CONVERTIBLE$210,600.00
12841967CHEVROLET CORVETTE 427/435 CONVERTIBLE$378,000.00
12981967CHEVROLET CORVETTE 427/435 CONVERTIBLE$248,400.00
13031967CHEVROLET CORVETTE 427/435 CONVERTIBLE$216,000.00
15441967CHEVROLET CORVETTE 427/435 CONVERTIBLE$162,000.00
15701967CHEVROLET CORVETTE 427/390 COUPE$92,880.00
15781967CHEVROLET CORVETTE 427/435 COUPE$149,040.00
401968CHEVROLET CORVETTE 427/390 T TOP$38,340.00
6271968CHEVROLET CORVETTE 427 CONVERTIBLE$30,780.00
10541968CHEVROLET CORVETTE 427/435 COUPE$66,960.00
15461968CHEVROLET CORVETTE 427/435 CONVERTIBLE$99,360.00
4271969CHEVROLET CORVETTE COUPE$39,960.00
7721969CHEVROLET CORVETTE 427/390 COUPE$41,040.00
975.11969CHEVROLET CORVETTE 427/435 COUPE$116,100.00
10831969CHEVROLET CORVETTE COUPE$26,460.00
1271.11969CHEVROLET CORVETTE L-88 COUPE$334,800.00
13251969CHEVROLET CORVETTE L-88 COUPE$237,600.00
1556.11969CHEVROLET CORVETTE 427/435 ROADSTER$128,520.00
701971CHEVROLET CORVETTE LS-5 COUPE$54,000.00
3511971CHEVROLET CORVETTE FERRARI DAYTONA SPIDER $46,440.00
10811971CHEVROLET CORVETTE COUPE$30,240.00
3961972CHEVROLET CORVETTE CUSTOM COUPE T TOP$58,860.00
6511972CHEVROLET CORVETTE COUPE$30,240.00
6831972CHEVROLET CORVETTE 2 DOOR$43,200.00
7041972CHEVROLET CORVETTE LT-1 BALDWIN MOTION REPLICA$37,800.00
10761972CHEVROLET CORVETTE CUSTOM COUPE$62,100.00
7031973CHEVROLET CORVETTE 454 CONVERTIBLE$37,800.00
10821973CHEVROLET CORVETTE CONVERTIBLE$30,240.00
613.11975CHEVROLET CORVETTE STINGRAY COUPE$14,688.00
10801975CHEVROLET CORVETTE CONVERTIBLE$31,860.00
3111977CHEVROLET CORVETTE T-TOP COUPE$9,180.00
461978CHEVROLET CORVETTE COUPE$19,440.00
12511978CHEVROLET CORVETTE PACE CAR$43,200.00
6221981CHEVROLET CORVETTE COUPE$19,980.00
990.21981CHEVROLET CORVETTE GREENWOOD GTO COUPE$48,600.00
3351982CHEVROLET CORVETTE COUPE$28,080.00
7021990CHEVROLET CORVETTE ZR-1 COUPE$47,520.00
981991CHEVROLET CORVETTE ZR-1 COUPE$32,670.00
6571995CHEVROLET CORVETTE ZR-1 COUPE$46,440.00
15911996CHEVROLET CORVETTE COUPE$38,880.00
9892000CHEVROLET CORVETTE AVELATE CUSTOM$86,400.00
1335.12002CHEVROLET CORVETTE LINGENFELTER TWIN TURBO$129,600.00
13662002CHEVROLET CORVETTE AVELATE CONVERSION$82,080.00
    
Total Sales:$12,679,362.00
Source: Barrett-Jackson.com

003 Sells for 1 Million Dollars

by Keith Cornett on January 22, 2006

#003, the oldest surviving Corvette was auctioned at Barrett-Jackson on Saturday for One Million Dollars. Okay, I can’t say that without thinking about Austin Power’s Dr. Evil. But sold it did for $1,080,000. No word on who the buyer was although word on the street is that both ProTeam Corvette’s Terry Michaelis and Dana Mecum from Mecum auctions were both unsuccessful in bidding for this truly historic Corvette. Read our previous post for more information on #003.

Corvette for Sale: The Last 2005

by Keith Cornett on January 21, 2006

Kerbeck Corvette of Atlantic City is offering the last Corvette of the 2005 production run for sale. The Corvette, a Victory Red Coupe with an automatic transmission, is VIN #1G1YY22U855137341 and was built on September 14th, 2005. The Corvette has been documented by Will Cooksey, the Corvette Plant Manager. The Corvette is being billed as “a piece of Corvette History”, with a selling price of $76,615 which includes a “Kerbeck Value Adjustment” of $25,000. With its extra cost, only buyers who can afford to purchase this car and then store it for 20 years should consider this “Rare Collectible”.

Barrett-Jackson: A Corvette Seller’s Paradise

by Keith Cornett on January 19, 2006

While some of the estimated 100+ Corvettes that will cross the Barrett-Jackson auction block during this week’s Scottsdale event are worth every penny of the high bids they will receive, many are not. Due to the shear amount of collector car money that is in Scottsdale this week, some Corvettes will go for prices no where near what they are worth, and that is the problem I have with this auction. I was expecting to see this sometime during this auction, but didn’t think it would be so obvious during the first day. Lot #70 is listed as a 1971 Chevrolet Corvette LS-5 Coupe. Here are the photos and description:

 
Nevada car, numbers matching, no rust, stock AM/FM, air conditioning, power steering, power brakes. SS disc brakes and lines, LS5 454/365 motor with roller rockers. Motor refreshed at 62,000 by John “Freight Train” Peters, a member of NHRA Hall of Fame, Jet-Hot coated headers, Micky Thompson valve cover, new radiator, M21 transmission, body stripped to glass and House of Kolor Candy Wild Cherry with silver base paint in September 2004, interior stock black vinyl, 5 new BF Goodrich TA tires, stock factory 3 piece side pipes, all new chrome and badges, all new weather stripping, new carpet and some new interior panels, new dash pad and clock. Factory build sheet. Selling price was listed as $54,000 (unofficially). Let’s look at the numbers. In 1971, there were 21,801 total Corvettes: 14,680 Coupes and 7,121 Convertibles. The LS-5 engine was selected by 5,097 buyers, that’s 23.4% of total production. The M21 4-speed transmission was selected by 2,387 buyers which made up 9.8% of production. Not what we consider a rare Corvette in terms of power plant and drive train. Other production numbers for this 1971 Coupe include factory air conditioning (11,481), Power Steering (17,904) and Power Brakes (13,588). The condition of this Corvette couldn’t even get you a Survivor award at Bloomington. Replaced valve covers and the non-original paint and color do nothing for collectablility. And take a look at the engine photo – other than the shiny air filter cover, the compartment is filthy. We place the value of this Corvette at $23,000. A $31,000 Barrett-Jackson difference. At some point this hot market we are in will correct itself and people who purchase these non-rare Corvettes at premium will be the ones holding the short end of the 4-speed stick shift. P.T. Barnum was famously quoted for saying “There’s a sucker born every minute.” Apparently in Scottsdale, they brought their checkbooks.

Stolen Corvette Returned After 37 Years

by Keith Cornett on January 18, 2006

Alan Poster was 26 when he bought his first Corvette. The Corvette, painted International Blue, was purchased for $6,000. The year was 1968. Three months later, it was stolen from a parking garage. Alan thought his 1968 Convertible was gone forever. Fast forward to December 2005. Alan gets a call from officers’ Cliff Bieder and William Heiser of the NYPD Auto Crimes Division based in Queens. They said to Alan ” ‘You had a car stolen in ’69? A Corvette? What color was it?’” Mr. Poster recalled. “I said, ‘Blue.’ He said, ‘We have your car.’ ” Almost 37 years after the car was stolen, it was found, just days before being shipped to a buyer in Sweden. It was flagged during a routine Customs Service check of the vehicle identification number, sending the two New York City detectives on a long-shot search through thousands of crime reports to connect the car to its first owner. Not much is currently know as to what happened to the Corvette over the past 36 years. During that time, it was repainted and the blue interior changed to red. The engine was replaced and currently it is missing its transmission and gas tank. According to the detectives, no one ever tried to register it or insure it, or the same flags that alerted Customs would have been triggered as well. Alan says the whole experience was a miracle. He says fondly that it was “probably the only car I’ve ever really loved.” Alan picked up the Corvette during a news conference in Carson, Calif on Tuesday, January 17th. Click here to view the video of the reunion. Credits: CBS5.com

Corvette Breaks Sales Records

by Keith Cornett on January 13, 2006

There were 3,271 Corvettes sold in December which is an all-time Corvette record for December beating the December 1977 sales of 3259. Corvette had a 26.1% segment share up from 20.4% last year. R8C Museum Deliveries were at an all-time high for the month of December as well, with over 90 Corvette owners taking delivery as part of the program. General Motors also announced that European sales of Corvettes registered significant growth in 2005, achieving their best ever sales in Europe. With well over one thousand registrations, the sixth-generation Corvette more than tripled 2004 sales levels.

Desktop Corvette Computer

by Keith Cornett on January 12, 2006

Am I seeing a trend here? Last week it was a software upgrade, today I’m talking hardware. How about a Corvette that is a computer. The Corvette compucar is a fully functional desktop computer packed with a Pentium 4, 40Gb HardDrive, 512Mb DDRII Ram and wireless connections for a keyboard and mouse. When building your Corvette Compucar, you can select options including your choice of colors (from a list of nearly 70!), real rubber wheels and your choice of Rims. Oh yea, you can get a bigger hard drive, more RAM and all the other goodies that make this computer run like, well a Corvette! While cost is a bit pricey with the base model starting at $1,750, it would look good on any Corvette enthusiasts desk. Hey, isn’t that how I justified buying my 79 Coupe? For the non Corvette faithful, you can select other compucars including Escalades, Hummers, Mustangs and Camaros. The Corvette compucar specs include: Intel Pentium 4 2.8GHZ Prescott processor
40GB SATA HDD
4 SATA connections with RAID 0,1
Intel 915G integrated GMA (Graphic Media Accelerator – 900 Technology) supports up to 224 MB
512MB DDRII 533MHZ RAM
Slim Line Slot Load CD-RW/DVD
Intel ICH6R Integrated Audio with Realtek ALC655 5.1 CH AC97 Codec
2 Integrated Gigabit Network Adapters
Intel Pro/Wireless 2200B/G Mini-PCI Network Adapter
4 USB 2.0 Ports
2 IEEE 1394 Ports (Firewire)
Microsoft Wireless Multimedia Keyboard
Microsoft Wireless Optical Mouse
Microsoft Windows XP Home
PowerDVD (DVD player software)
McAfee VirusScan 9.0 w/1yr subscription
1yr parts and labor warranty Click here to view the Corvette Compucar.

Corvette Navigation Software Update

by Keith Cornett on January 8, 2006

GM has released a software update package for upgrading the 2005 Corvette’s Navigation system. The package consists of two CD’s and can be performed at your Chevrolet dealership or you can order the CD’s and install the upgrade yourself. The software updates performs the following upgrades: 1. Modifies the signal interface with the ARS Module to correct poor reception.
2. Adds an onscreen message to remind you that a destination is required before a route can be planned.
3. Adds MP3 CD functionality. As the system is still under warranty, there is no charge for the service call but there is a nominal charge for the CD’s if you decide to upgrade the system yourself. The ability to upgrade the system via software is great for Chevy’s customers. How many times have you purchased an item when it was initially released, only to have the manufacturer make it better in subsequent years. While you expect companies to make enhancements to their products, it’s rare they are made available to previous customers.

Jay Leno and Corvette Z06 To Pace Daytona 500

by Keith Cornett on January 5, 2006

A specially outfitted 2006 Corvette Z06 will serve as the official pace car of the 48th running of the Daytona 500, on Feb. 19. “Tonight Show” host and auto enthusiast Jay Leno will drive the pace car. The Daytona 500 is NASCAR’s premier race and traditionally kicks off the Nextel Cup racing season. Selection of the Z06 model marks the second consecutive year that a Corvette has been selected as the Daytona 500 pace car. The Corvette Z06 that will serve as the Daytona 500 pace car is mechanically identical to those available at Chevrolet dealerships. It is the fastest vehicle ever offered by Chevrolet and General Motors. With 505 horsepower (377 kw) and 470 lb.-ft. of torque (637 Nm) from its 7.0L all-aluminum, racing-inspired engine, the Corvette Z06 leaps from 0-60 mph in 3.7 seconds and has a top speed of 198 mph. It also differs from other production Corvette models with extensive use of lightweight materials, including carbon-fiber front fenders and a chassis comprised of aluminum and magnesium. A racing-ready suspension and large, 18-inch front wheels and 19-inch rear wheels help keep it glued to the tarmac, so it requires no drivetrain modifications to satisfy its role in front of the racing pack. In its official capacity, however, the pace car is outfitted with a variety of safety equipment and highly visible strobe lights. Interestingly, the Corvette Z06’s 505-horsepower (377 kw) output is actually more than the power produced by the race cars that will compete in the Daytona 500 – a first for a pace car. This is because of the unique “restrictor plate” rule established for the Daytona and Talladega , Ala. racetracks. On these 2.5-mile-long super speedways, the restrictor plate reduces airflow into the engine to limit horsepower and keep race car speeds below 200 mph. With a restrictor plate, racing engine power is reduced from about 750 horsepower to about 450 horsepower. Race cars can still average more than 190 mph on Daytona’s long straights. The Corvette Z06 Daytona 500 wears a unique paint scheme, inspired by the hot-to-cool color transition of a space capsule entering Earth’s atmosphere at a high rate of speed. The paint scheme is carried out with an elaborate, interlocking scallops design – a twist on hot rod-style flames – that blends “hot” Lemon Drop yellow at the nose of the Corvette with Lemon Glow, Amber Ecstasy, Blazing Copper and Hot Poppy. The colors culminate with a cool Sapphire Trance blue color at the rear of the vehicle. DuPont, the sponsor of Jeff Gordon’s No. 24 Monte Carlo, supplied the colors, which are from the company’s “Hot Hues” line of automotive paint. “As if the Corvette Z06 needed help in looking fast, the intricate paintwork of the pace car gives it the appearance of tremendous speed,” said Peper. “It is one of the most elaborate and stunning vehicle designs we’ve created.” Leno behind the wheel Jay Leno, host of the “Tonight Show” and an unabashed auto enthusiast, will drive the Corvette Z06 during opening ceremonies and the pace laps that start the race. Leno, who has a large collection of vintage automobiles and motorcycles, has previous experience as a pace car driver.Chevrolet returns to the Daytona 500 with 18 victories – the most of any manufacturer – including last year’s champion Jeff Gordon. Chevrolet also returns as the defending manufacturer’s cup champion, an award that has been bestowed 29 times. Also, defending Nextel Cup champion Tony Stewart drives the No. 20 Chevrolet Monte Carlo for Joe Gibbs Racing. “The Corvette Z06 already is a performance legend and the fans will enjoy seeing it lead their favorite drivers around Daytona’s famous tri-oval,” said Robin Braig, president of Daytona International Speedway. “It promises to be a great race, and kicking it off with a Corvette at the head of the pack is the best way to start.” The Daytona 500 is one of the largest events in motorsports, drawing more than 168,000 fans to the track and attracting nearly 11 million American television viewers. It also is broadcast around the world. Credit: National Corvette Museum

Daytona 500 Z06 Corvette Pace Car Photos

by Keith Cornett on January 5, 2006

The Daytona 500 Z06 Pace Car. These images were released today from GM. Click the image to view larger photo.

 
 
Credit: Ankur