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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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Barrett-Jackson: The Last Sting Ray Fetches $660,000

by Keith Cornett on January 20, 2007

For the last year, Terry Michaelis of ProTeam Corvette has created the ultimate buzz for a particular 1967 Corvette Coupe. The Corvette just happened to be the last Corvette produced in the 1967 model year, officially making it the Last Sting Ray. The Corvette was given a body-off restoration by the Nabers Brothers in Houston, and the entire process was filmed by Speed TV for a 6-part documentary that aired last November. After the restoration was completed, the Corvette was judged at Bloomington, where it was awarded Gold, and the NCRS, which awarded it Top Flight. The last chapter in this story, as Terry called it, was the trip to Scottsdale, Arizona to be auctioned off at the Barrett-Jackson Collector Car Auction. The Last Sting Ray (Lot # 1285) was offered up and the bidding quickly climbed to $600,000 and when the gavel fell, Ron Pratt was the new owner. With the addition of the $60,000 buyers commission, the final sales total was $660,000. For this price, the buyer gets a very nicely restored Corvette as well as all the awards, press clippings, videos and apparel that accompanied it.

Our congratulations go to Terry and ProTeam Corvette, who not only continue to find some of the best Corvettes to resell, but know how to market them as well.
Source:
Barrett-Jackson Collector Car Auction via Speed Related:
The Last Corvette to be Sold at Barrett-Jackson
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Barrett-Jackson: Good Buy 1966 427/425 Corvette

by Keith Cornett on January 20, 2007

When watching the Barrett-Jackson Collector Car Auction, we often see Corvettes being sold at the high end of the pricing spectrum or even beyond (Pluto anyone!). But often, there are some very good deals that go unnoticed, and I think this Corvette belongs in the “Good-Buy” category. This Matching-Numbers 1966 Nassau Blue Corvette Coupe (Lot #1011.1) features an L72 427 ci 425 hp big block engine coupled to an M21 4-Speed Transmission. Comfort options include Power Brakes, Power Windows and Telescopic Steering Wheel Column. Finally, Knock-Off Wheels with Gold Line Tires and Side Exhaust complete the options. The car is being sold by Dave Ressler, a dealer and major car collector, who is shown taking the family photo during the bidding. I do believe that it was Dave that purchased the #003 53 Corvette that sold at last year’s auction for $1 million. But I digress… Purchasing the 1966 Corvette Coupe was ProTeam Corvette’s Terry Michaelis. A review of the ProTeam Corvette website shows pricing for comparable L72 Condition 2 Corvettes starting in the $90,000 range and Condition 1 Corvettes as high as $169,000. Terry is a major Corvette buyer and obviously knows when to hold them and when to fold them. It will be interesting to see where the price will be set for this Coupe once he gets it back to Ohio.

Saturday night is when we’ll see the major action including ProTeam selling The Last Corvette. Check it out on Speed. But don’t worry if you miss it. We’ll have the details here.
Source:
Barrett-Jackson Collector Car Auction via Speed Related:
Barrett-Jackson: 1958 Convertible Sets Corvette High Price Technorati Tags:
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Zora’s Ashes Rest at Corvette Museum

by Keith Cornett on January 19, 2007

Zora Arkus-DuntovAt the National Corvette Museum in Bowling Green Kentucky, there is an exhibit to Zora Arkus-Duntov, the man that many call the “father of the Corvette”. Not to go off on a tangent, but I disagree with the term, after all, the Corvette was born from the mind of design genius Harley Earl and Zora came on to the scene after seeing the Motorama Corvette in 1953. However, once at GM, no man had greater influence on the direction of the Corvette than the Belgium-born engineer. From 1953 through his retirement in 1975, Zora guided the performance and technical innovations that became synonymous with the name Corvette. He was the man responsible for such advances as disc brakes, independent rear suspension and limited-slip differentials. All these innovations became standard features on most automobiles, but they were first found on the Corvette. Prior to his death in 1996 from cancer, Zora made plans for his collection of papers, engineering designs and other memorabilia relating to the Corvette, and also made known his wishes as to where his remains would be located. And that was one of the places he loved the most, the National Corvette Museum. Bobbie Joe Lee, the NCM’s marketing and media relations manager said, “Zora asked that his ashes be brought here. He was the engineer who turned the Corvette into the world-class sports car it was meant to be.” As part of the Corvette Museum’s Zora Arkus-Duntov exhibit, an urn with his cremated remains is on display. His 1974 blue and silver Corvette is parked nearby. According to Bobbie Joe, Zora made several trips to Bowling Green to help promote the Corvette Museum. “He was at the groundbreaking ceremony,” Lee said. “That’s when he asked that his ashes be put in the museum. When his wife dies, her ashes will be placed in the urn with his.”
Source:
The Kentucky Post
Corvette Action Center Related:
Corvette Museum Celebrates 10th Anniversary
Video: Corvette Museum Details Expansion Plans Technorati Tags:
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Barrett-Jackson: 1958 Convertible Sets Corvette High Price

by Keith Cornett on January 18, 2007

On the second day of the 2007 Barrett-Jackson Collector Car Auction, a 1958 Corvette Convertible rolled onto the block and set the high sales price for Corvettes at $150.000. With commissions added, the total selling price was $165,000. That set the daily high sale as well. While it’s nice to see a C1 Corvette at the top of the list, we don’t expect this Corvette to be there long. The ’58 Corvette (Lot #438) is Panama Yellow with Charcoal interior. It features a 283 ci engine with the 2×4 Carburetors for 245 horsepower. It has the fairly rare RPO 473 Power Operated Folding Top which is demonstrated in the video. Fully restored with just 9 miles since completion. Bidding for the Corvette ramped up very quickly. Opening bid was $10,000 before jumping up to $70,000 and then $120,000. ProTeam’s Terry Michaelis dropped out of the bidding at $140,000. The final bid of $150,000 was enough to win. Add the 10% buyers commission and the total sales price jumps to $165,000.

Speed’s coverage of the Barrett-Jackson Auction continues tonight at 7pm EST.
Source:
Barrett-Jackson Collector Car Auction via Speed Related:
The Last Corvette to be Sold at Barrett-Jackson
Barrett-Jackson Preview: A Pair of 1963 Corvette SWC Tankers
Barrett-Jackson Preview: 1967 427/435 Yenko Corvette Technorati Tags:
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Corvette Racing to Defend ALMS Crown

by Keith Cornett on January 17, 2007

The No. 4 Corvette at the 2006 12 Hours of SebringCorvette Racing announced today that they will indeed be back for the 2007 season of the American Le Mans Series. The team will be defending their GT1 Manufacturers, Team and Drivers championships. Officials also announced that Corvette Racing will be heading to France in June to race for its sixth GT1 win in 7 years at the famed 24 Hours of Le Mans. The 12-race series opens March 17th at the Mobil 1 Twelve Hours of Sebring. Corvette Racing will have the cars in Sebring Florida for testing sometime in February. Corvette has won America’s greatest sports car race in four of the last five seasons. So now the only question is who will Corvette be racing against in the GT1 class. Aston Martin, facing money problems and driver defections, hasn’t yet announced their intentions to return to the series. It’s quite possible the only racing we’ll see in the GT1 class will be between Corvette Racing’s #3 and #4 Corvettes. While that would be somewhat disappointing, the real winner is still the Corvette Owner as stated by GM Racing Director Mark Kent:

“The Corvette C6.R race program continues Chevrolet’s tradition of racing production-based vehicles to improve the breed. The continuous exchange of information and the constant transfer of technology between the racing and production programs ensure that lessons learned on the track benefit every Corvette on the highway.”

Source:
WhoWon.com
AmericanLeMans.com
Image Credit: Richard Prince Related:
Corvette Racing Waits for Aston Martin Decision
Oliver Gavin Reflects on the 2006 ALMS Season Technorati Tags:
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Corvette Wins Polk Award for Owner Loyalty

by Keith Cornett on January 17, 2007

2006 Corvette CoupeR.L. Polk and Co, the automotive industry’s guru for consumer loyalty information named the 2006 Corvette as the Premier Sports Car with the highest owner loyalty. Loyalty is determined when a household that owns a new vehicle purchases or leases another new vehicle of the same model or make. General Motors won the Overall Manufacturer award for the seventh consecutive year. Other GM cars to win their categories included the Chevrolet Impala and Tahoe, and the Saturn ION and Vue. For the 2006 model year, Corvette’s loyalty ranking was 27.0 where the average loyalty percentage for the Premier Sports Car category was 19.8.
Source:
R.L. Polk and Co. Related:
Z06 Corvette Named to Automobile All-Stars List
Corvette Makes Car And Driver 10 Best Cars List Technorati Tags:
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Corvette History: The Debut of America’s Sportscar

by Keith Cornett on January 17, 2007

1953 CorvetteFifty-Four years ago on January 17, 1953 the American public was introduced to the Chevrolet Corvette concept car at the largest car show of the time, General Motors’ Motorama. Held at New York City’s Waldorf-Astoria Hotel, the show attracted over 45,000 people on opening day. Based on the feedback from the Motorama show, the Corvette was rushed into production and the first production Corvette rolled off the assembly line just six months later on June 30th. Only 300 were made the first year and the sticker price was just under $3,500.
Source:
NCM Corvette Timeline Related:
003 Sells for 1 Million Dollars Technorati Tags:
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Barrett-Jackson Auction Starts Today

by Keith Cornett on January 16, 2007

2007 Barrett-Jackson Collector Car AuctionThe Barrett-Jackson Collector Car Auction gets underway today with the first 150 cars expected to cross the auction block. This is the 800 pound gorilla of car auctions and the prices of cars sold at this auction could help us forecast the collector car market for the rest of the year. While we’ve already mentioned the star Corvettes like The Last Corvette, the Dual 1963 SWC Tankers and the 1967 Yenko Corvette, there is actually a wide variety of Corvettes that will be available. In fact, 150 Corvettes are expected to be sold in the next few days raging from a 1953 Convertible to a 2003 Safety Pace Car. Speed Channel (check your local listings) will have coverage throughout the week with most of the action happening in primetime on the weekdays and afternoons through primetime on the weekends. You can get a list of the lot numbers scheduled for each day so if there is a particular car you are interested in, you can probably see it auctioned. The Star Corvettes that we mentioned above as well as most of the other star cars are scheduled for primetime on Saturday. CorvetteBlogger.com will have continuing coverage of the Barrett-Jackson Collector Car Auction as well as a roundup of the results as they become available.
Source:
Barrett-Jackson Collector Car Auction
Speed Related:
2006 Barrett-Jackson Corvette Sales Top $12.6 Million Technorati Tags:
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Wanted: Owner with Modded Z06 Seeks Competition

by Keith Cornett on January 15, 2007

When you have a high performance sports car that you just dumped a bunch money into, usually you can’t wait to hit the streets to see what she can do against the competition. One enterprising poster on the D.C.’s Craiglist takes it a step further. He’s advertising. His ad seeks some pretty heavy hitters for “Performance Evaluations” including an AMG SL65 and a Ford GT. Oh, and if your law enforcement, you need not apply. Here is the advertisement:

I own a modified corvette 2002 Z06 and would like to do some testing versus the AMG SL65 V12 Twin Turbo and/or Ford GT Supercar…for straight-lined acceleration performance evaluations. Will pay for gas. I’m not law enforcement.
Law enforcement need not reply to this ad.

Source:
Craigslist Related: MPH Mag’s Dream Z06 Review Technorati Tags:
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