Bloomington Gold Auction Results: The No Sale List

When looking at the list of Corvettes that didn’t sell during last month’s Bloomington Gold Auction, it’s hard to wonder what might have been if these same Corvettes were being sold at Barrett-Jackson. There I said it – the “BJ” word. Of the nearly 350 Corvettes for sale, 44% went unsold. And we’re not just talking about your average collectible Corvette. We’re talking about the top 1% of collectible Corvettes. We’re talking Corvettes like the 1967 L-88 427/430 hp of which only 20 were produced, and the 1967 L-89 427/435 hp with aluminum heads (pictured) – A Corvette so rare only 16 were produced during the last year of the Midyear production run. In retrospect, it’s not that difficult to understand why these Corvettes were No Sales. Bloomington, like most of the major Corvette auctions, have reserve pricing – a feature that protects the seller’s investment from selling too low in exchange for a higher listing or commission fees. Unfortunately, the Reserve Price is also allowing owners to test the upper limits of market values. If it sells, great. But if not, then on the trailer and out to Arizona it goes. The Gold Auction’s No Sale list is after the jump.