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L88

Via CorvetteVideos.TV

The Corvette changed for 1968, evolving into the 3rd generation for the American sports car. The sleek new styling looks like full speed standing still, a trait shared by most Corvettes. This week’s Muscle Car Of The Week could be considered the top-gun of all ’68 Corvettes, as it carries a 500+ HP 427 under the hood, an optioned named the “L88″. L88 cars featured not only a distinctive hood, but a whole list of performance enhancements… the F41 performance suspension, J56 heavy duty brakes, a Muncie M22 4-speed transmission, and of course, the 12.5:1 compression 427 V8. The LeMans Blue roadster in the Brothers Collection is one of only 80 built in ’68, and it might look like a nice Sunday cruiser, but it was a thinly disguised race car sold to the public!

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Via CorvetteVideos.TV

Corvette Nation’s Michael Brown (Director of The Quest) visits Mecum’s Dallas 2013 Auction and takes us inside a very unique car collection owned by the late Mr. Buddy Herin. This Corpus Christi, Texas resident was the seller of the 1967 L88 Corvette which set a world record price at $3.2 Million for a Corvette sold at a public auction. Also included in the collection is a 1957 “Air Box” Corvette, a 1962 big brake fuelie Corvette and a 1963 Red/Red Corvette Z06.

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Top Corvettes Go Unsold at Mecum Kissimmee

by Rick Tavel on February 9, 2014

Top Corvettes Go Unsold at Mecum Kissimmee

The “Real McCoy” $2.3M Sale Postponed During Dispute of Ownership on Parts

More than the weather failed to cooperate for the world’s largest collector car auction, Dana Mecum’s 2700 car Kissimmee event held January 17th through January 26th. Each year hundreds of Corvettes change hands during the ten day event as thousands of collectors and enthusiasts leave the cold weather blanketing most of the country and make their pilgrimage to the event in sunny, warm Florida. This year, though hundreds of airline flights were cancelled due to the weather, the pilgrimage still managed to take place even though the pilgrims were greeted with sunny but not very warm weather in Florida, the attendance slipped by over 6% and sales dropped by over $8M, down 11.4%.

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1967 Corvette L88 Sells for World Record $3.5 Million at Barrett-Jackson

All Corvette enthusiast eyes were on Barrett-Jackson in Scottsdale Saturday afternoon in expectation for some record setting prices. If you have been following CorvetteBlogger’s updates on this week’s Barrett-Jackson auction extravaganza, you know that their 2014 event has gotten off to a strong start with attendance up 30% through Thursday and sales exceeding last year by over 8%.

Saturday is traditionally when the best of the best collector cars cross the block and in the late afternoon within a little over one hour six Corvette lot numbers sold for a combined total of $8.63M including bidder fees. These included some of the best known and important Corvettes.

But the real star of the afternoon was a 1967 second generation L88 coupe we called the “crown jewel” of Corvettes in an article back in November, one of only twenty Corvette L88 coupes built that year. Within a few minutes of the famous “Rebel” racecar selling for $2.86M (including buyer’s premium), the 1967 L88 red/red award-winning coupe set a new world’s record for a Corvette sold at auction when it hammered for $3.5M ($3.85M including buyer’s fees). The bidding quickly rose to $2M then surpassed the former record price of $3.2M set by another 1967 L88 last September by almost 10%. When the reserve was lifted the car sold setting a new world’s record Corvette auction record.

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Corvette Repair's Kevin Mackay Shows off His See-Thru Corvettes

Kevin Mackay is well known within the Corvette hobby for his ability to seek and find rare historical Corvettes and then restore them to like new condition. Although best known for finding the 1960 Briggs Cunningham Corvette that won its class in the 1960 24 Hours of Le Mans, he also found the ‘Rebel’ L88 Corvette racer that will be sold at Barrett-jackson early next year.

During Bloomington Gold, Mackay had three of his see-thru Corvette creations on display. The 1969 L88 and the 1965 Big Block have all been featured before and we also see the XP-819 rear engine concept owned by Mike Yager of Mid America Motorworks.

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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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