RM Auction Results: 1953 Corvette Sells for $290,400


1953 Corvette Convertible

Barrett-Jackson isn’t the only game in town this weekend. Several highline auction houses also had events worth noting, and in particular interest to us was RM’s Arizona Auction held Friday, January 18th where a 1953 Corvette was offered and sold.

The Corvette, lot number 182, was sequence number 268 of the 300 produced in 1953. According to the auction description, the car was purchased back in the 1970’s by a noted Corvette specialist and had a professional documented concours quality restoration in the early 1980’s. The Corvette has appeared at several shows and earned its AACA National Senior First Prize in Hershey, PA in 1986. The seller acquired the Corvette in 2001 and had it stored in a private collection since then. At one show, the Corvette was signed by Zora Arkus-Duntov on the fender and dash and a photograph of Zora signing the car was included in the sale.

While the pre-sale estimates of the Corvette ranged from $275,000-$325,000, the actual selling price was $264,000 and with the 10% buyers commission, the total selling price was $290,400. Still a decent purchase in our opinion based on 2007’s 1953 Corvette sales average of $359,079 from six public auctions.

Next weekend we’ll be in Kissimmee Florida for Mecum’s Winter Classic where another 1953 Corvette Convertible is set to be sold. Stay tuned as we will have the complete details following the auction.

RM Auctions

Auction Results: 1953 Corvette Fetches $440,000 at Hilton Head

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