Barrett-Jackson concluded their three day collector car auction in Palm Beach this weekend and based on auction totals, the Corvettes did pretty well. Over the weekend, we counted 48 Corvettes and 1 corvette-powered boat that sold at the no-reserve auction. Total sales of Corvettes reached $2.9 million.
Saturday Night at the Barrett-Jackson Auction in Palm Beach, Rick Hendrick of NASCAR fame purchased the first retail (VIN 001) 2011 Corvette Z06 Carbon limited edition. The hammer price was $270,000 and with buyers commission, the total sale was $297,000. Rick will be able to tour the GM Performance Build center in Wixom as well as watch the assembly of his new Corvette Z06 later this summer in Bowling Green.
The C4 version of the Corvette ZR-1 was nicknamed “The King of the Hill” for good reason. At a time when the standard Corvette’s horsepower was 245, the 1990 Corvette ZR-1 was powered by the new 375-horsepower LT-5 V8 which featured a 32-valve dual overhead cam. Looking back today, Corvette’s return to the world stage of sports car performance can be directly attributed to this special edition.
When we published the final production numbers for the 2009 Corvettes, we said thirty years from now Corvette collectors would be seeking out the GT1 ALMS Championship and the Competition Sport Editions due to their low production numbers. Actually, it only took one year as this 2009 Arctic White Competition Sport Coupe sold for more than its original MSRP and became the top seller on Day 1 of the 2010 Barrett-Jackson Palm Beach auction.
The Barrett-Jackson Collector Car Auction this weekend in Palm Beach sort of snuck up on me so I’m sorry I didn’t get the schedule published sooner. The Palm Beach auction features 48 Corvettes and 1 Corvette-powered boat. The three day auction is being carried on the SPEED network and you’ll also be able to watch online. Like always, we’re working with SPEED to bring you some of the best and most interesting auctions.
The first retail 2011 Corvette Z06 Carbon Limited Edition will be auctioned to the highest bidder at Barrett-Jackson’s Collector Car Event in Palm Beach, Florida on April 3rd. The Winning bidder will also be able to tour the GM Performance Build Center in Wixom, MI where the hand-built LS7 and LS9 engines are assembled and the winner can watch the car be assembled at the Corvette Assembly Plant in Bowling Green.
Barrett-Jackson’s Collector Car Auction just wrapped up another successful Scottsdale auction and Corvette sales remain strong. We counted 112 Corvettes that crossed the block and with the 10% commission added, sales totaled $9.19 million. That’s very comparable to 2009′s $9.8 million in sales.
Once again, GM has stepped up to the plate to do something good for the neighborhood. During Saturday’s broadcast of the Barrett-Jackson collector car auction, a beautiful 2008 Corvette Z06 427 Special Edition was offered for sale with 100% of all proceeds going to the Red Cross for their relief efforts in Haiti. Joining the Red Cross representatives on the stage was GM VP of Global Design Ed Welburn.
Barrett-Jackson’s collector car event kicks off today in Scottsdale, Arizona and to make sure you don’t miss any of the action, we went through the massive car list and pulled out the 114 Corvettes that are scheduled to appear over the next six days.