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.
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.
All of the pomp and circumstance that is the
We first told you about this highly decorated 1969 L88 convertible back in August 2012 when it was about to cross Mecum’s Anaheim auction block. There it was bid to $550,000 and did not sell. Last week it traversed Gooding and Co’s Scottsdale auction stage and hammered sold for $750,000. Throw in the 10% buyer’s fee and the new owner wrote a check for $825,000 to take this baby home.
Next up in our Corvette Enthusiast’s Preview of the Scottsdale Auctions, we review the Corvettes available from Gooding and Company.
Gooding & Company focuses on “blue chip” investment cars and usually sets a few world record prices each year in Scottsdale. Gooding is known for selling exceptional quality classic automobiles and producing the highest prices paid for exotic cars at such esteemed venues as Pebble Beach and Amelia Island in addition to Scottsdale and they have the statistics to back up those claims. The average price realized for a car throughout 2012 was $640,635 per car.
Barrett-Jackson is the largest and most extravagant of the five major collector car auctions taking place during the week of January 13. Over 1,200 cars including 125 Corvettes will cross the famous auction block with SPEED providing nearly 40 hours of live gavel coverage. Craig Jackson and his team put on more than an auction…they produce an extravaganza not to be missed.
Back in August one of the famous Owens-Corning L88 Corvette racecars went up for bids at RM’s Monterey auction. There it was a no sale at a stout $730,000. If you’re still looking to do something with your spare million or so bucks before the Fiscal Cliff hits don’t worry. You’ll have another chance to snag this magnificent Corvette at Barrett-Jackson’s Scottsdale auction next month in Arizona.
It’s not often that someone has the chance to buy a genuine piece of automotive history, with complete documentation since new to prove its heritage.
But that’s what bidders at the upcoming RM Auction in Phoenix, Arizona will have a chance to do on January 18, 2013.
Being offered is one of only 80 L88 Corvettes manufactured in 1968, and RM can trace the history of the most powerful Corvette of the muscle car era back to the original owner.
This highly documented, unrestored 1969 L88 convertible will be offered at Mecum Auctions’ Anaheim, California event this weekend. The LeMans Blue roadster is widely considered to be one of the most highly optioned and best documented L88’s known to exist. It is scheduled to cross the auction block about 1:20pm Pacific time this Saturday, November 17th.
Part of the fun of owning a classic Corvette is digging out the history of the car before you bought it.
For a Michigan doctor, the search for his car’s ancestry has already turned up quite a bit of information, though he is hoping to unearth even more.