The team at Mecum Auctions recently announced that the “Black Corvette L88 once owned by Tony DeLorenzo will cross the block at Mecum!”
If you closely follow the blue chip Corvette market you probably think they were talking about the black 1967 L88 Corvette raced by Tony DeLorenzo and sold by Mecum in 2011. That car was the first documented Corvette L88 ever produced and it sold for $1.25M to Terry Michaelis whose intent was to return the car to its race delivery.
But Mecum’s recent announcement is not about that car, it is announcing the sale of another important L88, DeLorenzo’s triple black 1969 personal driver which will be offered in Mecum’s Dallas auction September 3rd through 6th.
The Mecum Dallas auction has become one of the premier auctions in the world for offering important and historic Chevrolet Corvettes. This year’s event is no exception and in addition to DeLorenzo’s L88 has several other excellent Corvettes crossing the block from blue chip collectibles to restomods.
No less an expert than the NCRS National Judging Chairman Roy Sinor chose this car nine years ago for a collector who asked him to find the best L88 he could.
Sinor settled on this 1969 L88 Stingray after it had undergone a two-year rotisserie restoration finished in 2005 and gave it 94 points out of a possible 100.
This 1968 L88 Corvette has come a long way since we first saw it as a fresh barn find in 2008.
The former psychedelic-painted racer was found in North Florida by our friends at ProTeam Corvette who rehabbed the street-raced L88 that was known locally as “Bounty Hunter”. Armed with a pedigree of awards, the Rally Red Convertible is headed to Mecum’s Monterey Auction in August where it will be offered for sale.
If you’re a Corvette enthusiast, you’ve no doubt heard about the mysterious McNamara Corvette.
Here, though, are much more details you may not have heard about the owner of that special 1967 427/390 Sting Ray, Robert McNamara, coming from the few people who knew him best.
The details make the story of the McNamara Corvette that much more intriguing.
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.
Much of the hoopla surrounding Mecum’s inaugural Seattle auction this weekend is focused on the 1967 L88 Corvette, a ’63 Z06 tanker and several other prized Corvettes. But after reviewing their online catalog, we found this little gem cruising just under the radar.
On Saturday, Mecum will offer a 1962 Corvette was the last first generation Corvette ever built.
Clearly Mecum’s Seattle auction is shaping up to be a blockbuster for Corvette enthusiasts. In addition to the L88 “double feature” we reported earlier this week now Dana Mecum and his team have added another rare Corvette to their first ever Seattle event, Mickey Thompson’s personal 1963 Z06.
On June 13th and 14th, Corvette collectors can bid on a 1967 L88, a 1969 L88, and Thompson’s 1963 Z06. These are some of the rarest, most coveted and most valuable Corvettes ever produced. There’s not much more Mecum could throw into the equation to make it any more exciting for Corvette collectors unless they could find a ZL1 or an original Grand Sport to add to their other three bluechip Corvettes.