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Led by a lineup the included Gus Grissom’s 1967 427 Corvette and a bevy of big blocks, the Russo and Steele Scottsdale action totaled $2,249,500 in Corvette sales. Twenty-four Corvette crossed the auction block over the two day event. Several Resto-Rods were included in this auction. These are classic Corvettes built on modern or fabricated chassis that are usually powered by a crate or later model Chevrolet engine like an LS1. These Corvettes are becoming a common site at auctions as more are being built and then resold. Here are the total Corvette results from Russo and Steele Scottsdale 2007:

Year Description Sales Price
1957 Chevrolet Corvette FI
$93,500.00
1959 Chevrolet Corvette Resto-Rod
$82,500.00
1961 Chevrolet Corvette FI Resto-Rod
$90,750.00
1962 Chevrolet Corvette 327/340
$53,900.00
1962 Chevrolet Corvette 327/300
$50,050.00
1963 Chevrolet Corvette FI Custom
$132,000.00
1966 Chevrolet Corvette 427/ 425HP
$137,500.00
1966 Chevrolet Corvette 427/425
$122,100.00
1966 Chevrolet Corvette 427/425
$99,000.00
1966 Chevrolet Corvette 427/425
$94,600.00
1966 Chevrolet Corvette 327/300
$50,600.00
1967 Chevrolet Corvette Gus Grissom 427
$275,000.00
1967 Chevrolet Corvette 427/435
$181,500.00
1967 Chevrolet Corvette 427/435
$117,700.00
1967 Chevrolet Corvette 427/435
$103,950.00
1967 Chevrolet Corvette 454/550
$52,800.00
1968 Chevrolet Corvette 427/390
$42,900.00
1969 Chevrolet Corvette 427 Duntov
$141,900.00
1969 Chevrolet Corvette 427/435
$93,500.00
1969 Chevrolet Corvette 427/390
$55,000.00
1972 Chevrolet Corvette LT-1
$45,100.00
1982 Chevrolet Corvette Collector’s Edt.
$17,050.00
1992 Chevrolet Corvette Lister
$38,500.00
2001 Chevrolet Corvette Resto-53
$78,100.00
   
Total Sales: $2,249,500.00
Russo and Steele’s next auction takes place in Monterey, California on August 17th & 18th, 2007.
Source:
Russo and Steele Related:
Barrett-Jackson: $14.1 Million in Corvette Sales Technorati Tags:
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Correction: Gus Grissom Corvette Sold for $275,000

by Keith Cornett on January 26, 2007

Just a quick note to explain our correction on the price that was fetched when Gus Grissom’s 1967 Red Corvette Convertible was sold last weekend at the Russo and Steele Auction in Scottsdale. Earlier this week I called the offices of Russo and Steele and spoke with a representative. I inquired about the price the Grissom Corvette sold for and sales figure I was given was $232,500. I asked a few more questions about the sale and the presentation, and then posted our account of the sale. When reviewing the Russo and Steele results list of the Scottsdale auction, the Final Bid price for the Grissom Corvette was listed at $275,000. I called their offices on Thursday for clarification and was told that the amount we were originally provided was actually the “potential” amount the seller received after the seller’s commission was factored. The actual gavel price was $250,000 and with a buyer’s commission of 10%, the total sales price amounted to $275,000. I apologize for any confusion.
Source:
Russo & Steele Related:
Gus Grissom’s 1967 427 Corvette Sells at Russo & Steele Technorati Tags:
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Z06 Corvettes Modified with Right-Hand-Drive for Australia

by Keith Cornett on January 25, 2007

Z06 Corvette with Modified Right-Hand-DriveWhenever the Z06 Corvette is exported to a new country, the mystic of the Corvette legend goes along for the ride. Most blokes in Australia just don’t see them with the regularity we are accustomed too because they’re expensive to import and the steering is set-up American Style: Left-Hand Drive. But now a small business in Queensland has managed to do what the biggest car maker on the planet, General Motors, cannot: build a right-hand-drive version of the Chevrolet Corvette. With an allocation of roughly 24 new Z06 Corvettes per year, Corvette Queensland has engineered a custom right-hand-drive system that looks so good, you’d be convinced it was built that way. The cost of importing and converting a Z06 isn’t cheap. They are $240,000 Australian Dollars once the Ausssie Government gets its share of import duty, luxury car tax and GST. That’s the equivalent of $186,000 US Dollars. The conversion from Left-Hand-Drive to Right-Hand-Drive takes about three weeks. Interior tweaks also meant moving the gear shifter over to the right side of the center console which eliminated the cup holders. Other exterior modifications are needed for the Corvette to comply with local regulations. Side indicator lamps from the 2005 Holden Commodore have been added under the Z06 badge while the fog lights house aftermarket parking lamps. So how is Corvette Queensland doing so far? Three Corvettes have already been sold and demand appears to be high. GM’s Bob Lutz indicated last year that with the next incarnation of the Corvette, the C7, GM does intend to engineer a Right-Hand-Drive version for export.
Source:
Drive.com.au via GMInsideNews.com Related:
Corvettes For Sale Down Under? Technorati Tags:
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Vincentric Names Corvette Best Value in America

by Keith Cornett on January 25, 2007

Vincentric provides data, knowledge, and insight to the automotive industry by identifying and applying the many aspects of automotive value. Their eight cost factors measure depreciation, fuel, insurance, opportunity cost, financing, maintenance, taxes and state fees, and repairs, and then applies a statistical model against evaluated vehicles in all 50 states. The company identified the Best Value in America by measuring which vehicles have a lower than expected ownership cost given their market segment and price. The outcome? Corvette was recognized in two categories as part of Vincentric’s 2007 Best Value in America Awards: Convertible, over $29,000 and Sports Car, over $41,000. General Motors truck line did extremely well, winning four of the eight Pickup categories with their Chevrolet Silverado/GMC Sierra lineup. The Saturn Vue Greenline also made the list as a category winner for Crossovers, under $29,000.
Source:
Vincentric Related:
Corvette Wins Polk Award for Owner Loyalty Technorati Tags:
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Autoextremist: GM Debating over Mid-Engined Corvette

by Keith Cornett on January 24, 2007

Corvette Indy and CERV IIIAutoextremist Peter DeLorenzo is a man with connections to the big 2.5 automakers. Those connections with GM are reportedly saying there is a debate over the direction of the next generation Corvette (C7) and whether or not development of a limited production mid-engined Corvette should be built. The mid-engine debate seems to come up once a decade and the last discussions resulted in the Corvette Indy and CERV III concepts. According to DeLorenzo, the talk he is hearing is about diversifying the Corvette lineup by offering a regular-edition Corvette with a smaller displacement V8, a high performance V8 (evolving from the LS7) and:

“Then look for an extremely limited production run (less than 500) of an advanced, mid-engined Corvette that will play in the plus six-figure category – and deliver blistering performance that will surpass exotic sports cars from around the world costing hundreds of thousands more. This will be the technological ‘statement’ car from GM that the ‘True Believers’ within the corporation have long been waiting for.”
This debate also fits the talks we’ve been hearing about for some time about the creation of a multiple model Corvette line-up. Not just the same models with different engine sizes, but multiple model styles and multiple engines, essentially turning the Corvette from model to brand. CorvetteBlogger would be very much interested in seeing a new mid-engine concept. It’s been years since the development of the Corvette Indy and CERV III and GM has made technological leaps since then. Just look at the development of the new Z06 Corvette compared to the first C5 Corvette. Whether or not GM could afford to spend the money on the development of the concept that then translates into yearly sales of only 500 units is another matter.
Source:
Autoextremist via Jalopnik Related:
A V6 Corvette? Hell No Chevy!!! Technorati Tags:
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Where are the 427 Corvette Emblems, GM?

by Keith Cornett on January 24, 2007

Z06 Corvette with 427 BadgeIt’s been almost a year since GM dangled the 427 Emblem in front of the Corvette masses. As Rick from CorvetteConti.com says, it’s an accessory that should have been on the Z06 Corvette from day one. Having received the new 1st Quarter 2007 Accessory Booklet, the much sought-after badge is still not available. Rick spoke with GM Accessories who say that the part should be available at the beginning of 2nd Quarter. Showing the 427 badge on the new Z06 Corvette connects the legacy of the legendary big blocks of the sixties to the new highly efficient 7.0 Liter 427 ci 505 horsepower LS7 engine. Come on, GM. We need some badges!!
Source:
CorvetteConti.com Related
The Z06 Corvette is a 427… Show Your Cubic Inches! Technorati Tags:
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Production Callaway C16 Debuts at Montreal

by Keith Cornett on January 23, 2007

2007 Callaway C16Callaway’s first production C16 is making its debut at the 2007 Montreal Auto Show. The C16 features an optional supercharged 6.0-liter LS2 V8 boasting 616 horsepower that is capable of 206 miles per hour. The Corvette-based C16 is offered in both coupe and convertible body styles and owners can also select between a 6-speed manual transmission or a 6-Speed paddle-shift automatic transmission. The Callaway C16 is offered at a base price of $119,865 and features unique body panels, Callaway badges and a restyled interior featuring German leather and Alacantara. The C16 is available through Callaway’s authorized dealer network. Visit CallawayCars.com and see a video of founder Reeves Callaway answering some questions about the Callaway C16.
Source:
MotorTrend
CallawayCars.com Related:
LA Auto Show: The Callaway C16 Technorati Tags:
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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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