Here’s a well-bought Corvette ZR-1 that was sold on Thursday at Mecum’s Kissimmee auction. Special thanks to Marshall Fancher and Vette-N-Vestments for keeping subscribers updated with daily results as over 300 Corvettes are offered for sale this week.
They say the early bird gets the worm and that also applies to car auctions. Be there early on a weekday and you can score one of the first Corvettes through the day’s auction.
This 1995 Black/Black Corvette ZR-1 was the 22nd car to hit the Mecum auction block on Thursday (Lot #T22) and it’s a driver quality example with 59K miles on the odometer. A six-speed manual transmission was mandatory for the 405-hp DOHC LT5 V8. Options include a removable roof panel, FX3 adjustable ride control, and dual power sport seats.
The estimate for the King of the Hill was $20,000-$25,000 but the Corvette was hammered at $16,500. It’s not that people weren’t opening their wallets for the C4 ZR-1. Also sold on Thursday was a first-year 1990 ZR-1 that changed hands for $28,600 while a 1991 ZR-1 was sold for $30,250.
One of the deciding factors that probably kept some bidders from raising their hands was the ZR-1’s title branding the car for being a “Manufacturer Buy Back”. That’s when a manufacturer buys the car back from a customer due to ongoing issues with the car.
Because of the number of miles on the car, we assume any issues that would have resulted in the buy-back were resolved long ago. The branded title pretty much drops it from “collector grade”, but now it’s an affordable driver for someone who got a great price on a rare Corvette.
We call this 1995 Corvette ZR-1 well-bought at $16,500!
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