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L88

The Bid Goes On for the Featured Corvettes at Mecum's Seattle Auction

Overall Mecum’s first trip to Seattle was met with an over flow of enthusiastic bidders and collectors. Mecum obviously worked overtime to offer their customers a varied assortment of excellent collector cars. When the curtain came down Mecum had to be pleased with their initial foray into the Pacific Northwest setting a world’s record for a muscle car when a 1971 Plymouth Hemi Cuda was hammered for $3.5M. It was obviously a muscle car market since it definitely was not a Corvette market.

Mecum put together a dynamite docket of outstanding investment level Corvettes for their introductory event in the Northwest and though there was strong bidding for a some of the Corvettes, the majority of bids did not meet the consignor’s reserves and 65% of all Corvettes offered over the two day event went unsold and none of the four featured Corvettes sold.

Another indication of disappointing results for Corvettes was the fact only one Corvette was able to make the top-ten list, a 1958 restomod. That is almost unheard of for the world’s largest Corvette seller who typically has almost half of the top ten occupied by America’s sports car.

Via CorvetteVideos.TV

Normally these cars are considered much too valuable to be doing what they were meant for. So it’s nice to see an L88 ruling the strip like they once did.

Here’s an old school 1/4 mile drag race between an ultra rare 1969 L88 Corvette which was powered by a 430 Horsepower 427 solid lifter big block and a 1972 Oldsmobile 442 powered by the factory blue-printed W30 455 rated at 300 horsepower in 1972. The L88 Corvette is 1 of only 116 produced in 1969. The 442 W30 is also rare as it is 1 of only 772 built.

Visit CorvetteVideos.TV for the best selection of hand-picked Corvette videos.

 

Mecum to Offer a Fathom Green 1969 L88 Corvette Coupe at its Seattle Auction

A few weeks ago we told you about an exceptional 1967 L88 Corvette Coupe scheduled to cross the block in Mecum’s inaugural Seattle auction

Anytime an L88 Corvette is scheduled to be auctioned it is worth the trip, if not to bid but just to drool. As we reported Mecum will be auctioning an impeccable 1967 L88 that might just shatter the current world’s record. And now if that weren’t enough Dana Mecum has decided to make this an L88 “double feature” adding a third generation L88 to be sold Saturday, June 14th. This one is a documented and restored 1969 Fathom Green coupe with 15,480 miles which are believed to be original.

Blue Chip 1967 L88 Corvette to be Featured at Mecum Auction in Seattle

Now that Mecum has wrapped up their 27th Annual Spring Classic in Indianapolis, Corvette enthusiasts are looking forward to the latest addition to Mecum’s already extensive schedule of collector car auctions, this one in Seattle. And the reason for the anticipation is that one of the “bluest” of blue chip Corvettes will cross the block on Saturday June 14th, one of only twenty 1967 L88’s ever produced. Rarely do these special Corvettes ever change hands and when they do a world’s record price is usually at risk of being broken.

1969 L88 Riverside Pot of Gold to Cross the Block at Worldwide's Houston Classic Auction
Photo Credit: Ron Kimball Studios

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.

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!

Visit CorvetteVideos.TV for the best selection of hand-picked Corvette videos.

 

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.

Visit CorvetteVideos.TV for the best selection of hand-picked Corvette videos.

 

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%.

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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