1962 Gulf Oil Corvette Race Car Sells for $1.65 Million at RM Sotheby’s


1962 Gulf Oil Corvette Race Car Sells for $1.65 Million at RM Sotheby's

RM Sotheby’s handled the auction duties in selling the Andrews Collection in Houston over the weekend and now we have some results to report on several significant vehicles that were sold. Nine Corvettes were offered for sale in the collection which ranged from a first-year 1953 Corvette to a 1966 Corvette Convertible.

Leading the Corvette sales was the 1962 Corvette Racer that was formerly campaigned in the SCCA by Gulf Oil and the driven by the legendary Dr. Dick Thompson. That car sold for $1.65 million.

The nine Corvettes all brought really strong prices. The 1953 Corvette with VIN #274 brought in $275,000 while the 1966 Corvette at the other end of the bookend brought in a respectable $82,500. A 1963 Corvette Sting Ray Sport Coupe which was formerly part of the Chip Miller collection and one of 278 with factory air sold for $253,000.

The two Corvette stars of the auction were the 1965 Cut-Away Corvette Autorama Display and the 1962 Gulf Oil Corvette Racer. The unique display was expected to bring upwards of $1,000,000 but in the end the final selling price was $715,000. The 1962 Corvette race car that was part of Grady Davis’ Gulf Oil stable sold for $1.65 million.

Here are the nine Corvettes and their selling prices from the Andrews Collection sale by RM Sothebys in Houston.

  • 1953 Corvette – $275,000
  • 1954 Corvette – $93,500
  • 1957 Corvette Fuelie – $170,500
  • 1961 Corvette – $71,500
  • 1962 Gulf Oil Corvette Racer – $1,650,000
  • 1962 Corvette Fuelie – $220,000
  • 1963 Corvette Coupe – $253,000
  • 1965 Autorama Display – $715,000
  • 1966 Corvette Convertible – $82,500

Total Sales: $3,531,000

1965 Corvette Autorama Display

RM Sothebys Auctions

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