$1.25 Million Enough to Buy the First 1967 L88 Corvette


No Sale! $1.25 Million Not Enough to Buy First 1967 L88 Corvette

I have been informed by several readers that the first L88 Corvette did sell at $1.25 million at the Mecum at Monterey auction. A review of the mecum.com results confirms this. I apologize for the error.

The first documented L88 Corvette sold at the Mecum at Monterey auction yesterday afternoon for $1,250,000. The mid year was the first documented 427/430 hp Corvette that was campaigned by Tony DeLorenzo in the SCCA A Production class. Years later the Corvette was restored and won awards from Bloomington Gold and the NCRS.

The 1967 L88 Corvette is a race car indeed, with just 14 examples of the original 20 L88 Corvettes produced believed to be still in existence. These Corvettes are hardly ever available for sale, let alone at a public auction and so its hard to determine what the market value should be.


Countdown to Monterey: Four Corvettes Offered From the Reggie Jackson Collection
Countdown to Monterey: 1967 Corvette 427/435 hp Survivor
Countdown to Monterey: 1953 Corvette Roadster #199
Countdown to Monterey: 1967 L88 Corvette Convertible


  1. Hi, I just read about a Mr. Allen Swift of Springfield, Ma. He is the longest known original owner of a car since new and still driving it to his death ( at 102 years ) last year.
    His father gave him a 1928 Rolls Royce Picadilly Roadster for his graduation present in 1928. Still in great condition, he drove it yearly and it’s in still excellent cond. at 170,000 miles. Anyway, got me thinking. Does anyone know who has the longest running original ownerdship of a Corvette since new and is still driving it. Think it make good trvia some day!….Mike Holeva

  2. From what I saw an TV and according to the the Mecum web site, the “First L88” sold for $1,250,00.00. I believe it was Terry McCanlist(sp?) from Pro Team Corvettes that bought it.

  3. Yes, Terry Michaelis of Pro Team purchased the L88. At least that’s what was shown on live TV. He also bought the 71 ZR2 for $440K.

  4. That is amazing! That is some big bucks and it didn’t go, I would have assumed that someone would have jumped a little bit more to have probably one of the rarest Corvettes that are around!

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