The hottest Corvette in the collector market is the epic L88, and it’s just not hot, it is scorching. And while Corvette values overall have been on a strong run over the past two years with auction prices among the strongest of all automotive brands, the second and third generation Corvette L88 values are in a league of their own.
And one of the finest third generation L88′s in the world is going to cross the block on May 3rd in Worldwide Auctioneers Houston Classic Auction. The Riverside Gold 1969 coupe is an original survivor with less than 2600 miles. But before we look at what makes this Corvette so appealing and what it is likely to sell for, let’s take a look at other L88 Corvettes and what is happening in the market.
Some things definitely get better with age.
Just ask John McIlvoy and Joe Beatty, who have owned the same two Corvettes for a total of 100 years and 500,000 miles between them!
Ironically, they both grew up in Ohio, where they bought their Corvettes in the 1960s, and both are now members of the Northwest Houston Vette-Rods club.
Enthusiasts were treated to three days of excitement last week when Mecum presented their second major collector car auction of 2014, April 10th through the 12th in Houston.
The heavily promoted prototype Ford GT40 was hammered down at $7M and TV viewers got to see it on live TV. It was the highest price ever hammered down for an American car being broadcast on “live” TV. And though that was impressive, it was actually more exciting to watch former Viet Nam veteran Don McNamara’s pristine, 2997-mile Corvette hammered down for $725K ($797.5 including commissions). Along with the McNamara Corvette, Mecum sold 61 of the 101 Corvettes consigned, a strong sell through for Corvettes.
It appears that Mecum is off and running for 2014 after a weather induced slow start in Kissimmee. Their Houston event is shaping up to be typical of the high quality consignments that usually characterizes their events with some outstanding Corvettes scheduled to cross the block from Thursday, April 10th through Saturday, April 12th.
As I was reviewing Mecum’s latest on-line catalog, two Corvettes jumped off the page to capture my attention.
Certainly no Corvette enthusiast could ignore the Bunkie Knudsen Corvette, after all it is not only the auction headliner, it is one of the most interesting Corvettes ever made, as well as the personal car for then Chevrolet General manager Bunkie Knudsen. The second Corvette, perhaps not as well known, is the stunning 1967 Corvette coupe once owned by former Marine and Viet Nam veteran, Don McNamara, and put into storage with less than 3K miles on it, has a bullet proof provenance and literally may be the finest 1967 “survivor” in existence.
Our DVR’s will be working overtime this weekend as we’ve got a 2nd big auction taking place. While Barrett-Jackson is in Palm Beach,
This video shows a Corvette C6 Z06 (as well as a yellow C5 caught in the crossfire) having to play catch-up for the most part with a mystery car that some viewers believe to be a Nissan GT-R.
No matter what kind of car it is that was doing the filming, it was just plain irresponsible behavior on the part of both drivers, who should have taken their fun and games to a race track away from other innocent travelers who could have been killed by their shenanigans on I-59 in Houston. Several times, it’s amazing that they were able to avoid collisions with other cars.
Mecum Auctions rolls into Houston, Texas this weekend for their inaugural event there. The shiny new 2-day sale takes place Friday, April 13th and Saturday the 14th at the Reliant Center. The Velocity team will be sporting their very best blue shirts and khaki pants throughout their 12 hours of live coverage. Right now, there are over 60 Corvettes listed on the docket.
Five car pile-up sends five to the hospital in NW Harris County.
If you’re not a Corvette aficionado you might not tell that this used to be a C4.