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L88

1967 Crown Jewel Corvette L88 to be Offered by Barrett-Jackson in Scottsdale
Photo Credit: Barrett-Jackson

The high performance Corvette market is red hot. One of several recent examples was the world’s record price set this past September for a Corvette at auction, a 1967 Corvette L88 sold for $3.2M. You can bet that owners of high performance Corvettes who want to sell will be jumping on the bandwagon to take advantage of the sizzling Corvette market and the huge audience the Scottsdale auctions provide.

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1967 L88 Corvette Racer at Pebble Beach

by Mitch Talley on October 25, 2013

1967 L88 Corvette Racer at Pebble Beach

In 1970, Cliff Gottlob and Jack Blatchford drove a 1967 Corvette to Daytona Beach, Fla., where Gottlob and David Dooley teamed up to drive the L88-powered ‘Vette to second place in a 24-hour endurance test.

Now, 43 years later, Blatchford drove the same car onto the lawn of the 18th fairway at the prestigious Concours d’Elegance at Pebble Beach Golf Links.

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Mecum's Dallas Event – Corvette Buyers and Sellers Nirvana

Dana Mecum’s favorite car has to be the Chevrolet Corvette, especially if solely based on the number of outstanding high dollar cars that were hammered down during the last four days of his third Dallas auction.

It was clearly evident that Corvettes carried the four-day auction and were the car of choice for collectors where a new record price was paid for a Corvette ($3.2M, a 1967 L88, fully documented former NHRA record holder and the only ’67 L88 to retain its original body panels).

Of the 172 Corvettes that crossed the block 106 were sold, a 61% sell through rate, for a combined hammer price of $9.106M. Though some buyers were able to grab some excellent bargains during the first two days of the sale, the last two days saw spirited bidding and prices well above average. Almost twenty Corvettes were hammered down above $100K. It seemed as though most restored second generation cars were selling between $100K to $150K and if the car had any rare options it was selling close to or above $200K.

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[VIDEO] 1967 L88 Corvette Convertible Sells for Record $3.2 Million at Mecum Dallas
Photo Courtesy of Mecum

On Saturday afternoon at the Mecum auction in Dallas, Lot #123 – a 1967 L88 Corvette Roadster from the Buddy Herin collection took center stage. After five minutes of auction banter, the documented 1-20 L88 Corvette Sting Ray became the highest selling Corvette to ever sell at auction with a gavel price of $3.2 million.

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Mecum Offers Museum Quality Corvettes in Dallas

Right on the heels of his successful Monterey event which generated over $31M in sales, Dana Mecum is headed to the Lone Star state to host another auction extravaganza, September 4th through the 7th. This will be Mecum’s third year for his annual Dallas event held at the convention center and will be loaded with over 1400 collector cars featuring over a hundred Corvettes including several examples of the six generations.

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1967 L88 Corvette Convertible Headed to Mecum Dallas

by Steve Burns on August 23, 2013

1967 L88 Convertible Headed to Mecum Dallas

We’ve been a little C7 heavy here lately so here’s a C2 to mix things up. Mecum Auctions will be offering an uber rare 1967 L88 convertible next month at their Dallas sale. The Marlboro Maroon on black roaster will be crossing Mecum’s red carpet about 2:30pm central time on Saturday, September 7th. It’s one of 11 cars being offered from the Buddy Herin collection that weekend in Texas. Get your banker on the phone now, because this one is going to be expensive, really expensive.

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Rare Corvette Racers Headed to the 2013 Rolex Monterey Motorsports Reunion

If you love historically significant Corvette racecars, it doesn’t get much better than the collection of six very rare cars that will be on display at the 2013 Rolex Monterey Motorsports Reunion at Mazda Raceway Laguna Seca on Aug. 16-18.

We all know Chevy takes the lessons it learns from racing and transfers that knowledge to the production cars. To illustrate that point, each of the six classic racers will be shown with its street counterpart from the same timeframe.

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The Top 11 Corvette Sales of Mecum Kissimmee 2013

by Steve Burns on February 4, 2013

The Top 11 Corvette Sales of Mecum Kissimmee 2013

Mecum Auctions’ occupation of central Florida wrapped up last weekend after a 10-day bender of sunshine and vehicle sales. Their first event of 2013 tallied 2,610 cars traversing the red carpeted auction block with roughly 70% of those going to new homes. A total of 402 Corvettes (15% of the total docket) were available and 62 of them drew bids of $100,000 or more.

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GM Granted Trademark Aprroval for the Legendary Corvette Engine RPO Code L88

After trademarking Turbo-Jet last fall, it appears that GM has dusted off another legendary term. GM Authority reported late last week that General Motors has recently been given approval to use a pair of different L88 trademarks. The two requests were filed in August and September 2012 respectively and final approval was given on January 15th of this year.

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The Top 10 Corvette Sales of 2013 Barrett-Jackson Scottsdale

All of the pomp and circumstance that is the Barrett-Jackson Scottsdale auction spectacle wrapped up last week and prices were high as expected. After the break is our summary of the top 10 Corvettes sales from the event which includes a pair of new members in the million dollar club.

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