A collection of 18 Indy 500 Pace Cars and Festival Cars ranging from the first 1978 Corvette to pace the Greatest Spectacle in Racing to last year’s 2022 Corvette Stingray were offered during Dana Mecum’s Annual Spring Sale in Indianapolis. The highly focused collection was assembled by an Indiana physician named Dr. Richard Foster over his lifetime and it was offered as a single lot at the 35th Annual Spring Classic. When it was all said and done, the 18 Corvettes sold for $1.375 Million!
The Indiana doctor says he began collecting the Indy 500 Pace Cars as a way to mark each Indy 500 he’s personally attended. “I’ve always been in love with that race,” he said. “I have many great memories of being there and seeing so many tremendous cars and drivers.”
Dr. Foster’s collection of Indy 500 Pace Cars and Festival Cars were mostly replicas, but among the more interesting in the lot included a 2005 Corvette that was one of the eight official pace cars for the race and the 2006 Corvette Z06 was one of six official pace cars of the Indianapolis 500. A 2004 model wearing the Pace Car Livery was also used as a Parade Car for the race. The collection featured eight IMS-authorized replicas and six Corvette Pace Car Editions, four of which have earned honors from Bloomington Gold and the NCRS.
One of the center points of any Indy 500 Corvette collection is the first Corvette to pace the Indianapolis 500. The Black/Silver 1978 Corvette Indy 500 Replica is number 2091 and has just 50 miles on the odometer since new and was Bloomington Gold Benchmark Certified.
One lot, 18 total #Corvettes. They sold for$1.375 million!
— Mecum Auctions (@mecum) May 22, 2022
The Dr. Richard Foster Corvette Pace Car Collection landed in the top-10 at #MecumIndy! Click the link for all the details: https://t.co/SFojrvfljP#MecumIndy #Mecum #MecumAuctions #WhereTheCarsAre #MecumOnMotorTrend pic.twitter.com/1H1kBT5lbj
The next Corvette to pace the 500 was the 1986 Corvette Convertible. This Yellow example matches the same color of the car used in the race and it’s a MCACN Triple Diamond Recipient with 17,342 miles on the clock.
Perhaps one of the most famous of the replica Indy 500 Pace Cars offered to the public was the outrageous 1998 Corvette Convertible in Radar Blue with Yellow wheels and seats. Dr. Foster purchased this 1998 Corvette Pace Car new and today it has just 17 miles.
The final Corvette in the collection is a bare 2022 Corvette that is still waiting to be customized with authorized replica decals. That car will be completed and sent to the buyer of Dr. Foster’s collection.
Source:
Mecum Auctions
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Someone over paid
Mako – Eighteen nice Corvettes with the same theme and in pretty good shape. Seems pretty reasonable to me. What is your collection of them selling for?
Doug – I would never want a collection of pace cars. If you think $1.375 million is reasonable you must like wasting money. If I had that kind of money I would have bought a few more interesting cars than 18 pace cars.
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