Want to read this issue? To get started, subscribe here, or sign in!

Search This Issue



Page -1

13 Corvette Market The Insider's Guide to Collecting, Investing, Values, and Trends FLAWLESS '61 FUELIE $121k ►1971 454/425 ZR2 Convertible Right-Priced at $466k ►Restoration Controversy: Factory Sloppy or Shop Perfect? ►1984 Corvettes—Cheap yes, a bargain maybe DIGITAL EXCLUSIVE! FEATURING VIDEOS OF SELECT VEHICLES Courtroom Corvettes—Beware of Fraud / 147 Car Auction Report Keith Martin's


Page 2

Corvette Market Keith Martin's Volume 3 . Issue 13 . Fall 2010 20 1961 Fuelie 22 Pilot Line convertible 30 C5 convertible Profiles C1 1961 283/315 Fuelie 20 by John L. Stein C2 1963 327/360 “Pilot Line” Sting Ray convertible 22 by Thomas Glatch C3 1971 454/425 ZR2 convertible 24 by Michael Pierce 4 Corvette Market FALL 2010 www.corvettemarket.com $466,400 at Mecum (VIDEO) This ZR2—just one of two on the planet—is completely origi nal. This convertible has its original engine, transmission, interior, rear end, glass, exhaust, tires, wheels, body panels and paint $104,500 at RM (VIDEO) There is no question that the 1963 Corvette was a defining moment in American automotive history, not only for its striking style, but also for its engineering innovations $121,000 at Gooding & Company (VIDEO) The difference between a Top Flight car and an also-ran can be as subtle as the sheen of the frame paint, the trueto-period look of the exterior finish, or the shine of the interior vinyl C4 1984 Corvette coupe 26 by B. Mitchell Carlson C5 2000 Corvette convertible 28 by Chip Lamb C6 Mini Profiles of C6 coupes & convertibles (VIDEO) It will be a really long time before this low-mileage Z06 Corvette is collectible. And driving it would destroy the ultra-low mileage that makes it special in the first place. So, think of this car as a chance to buy a nearly new Z06 while saving over $20k 30 by Geoff Archer $15,900 at Mecum (VIDEO) This was a $45,000-plus car when it was new, and it doesn't show major wear or accident damage. And it has a top that goes down. So, why did this handsome car sell for just $15k in 2010? $8,500 at Mecum (VIDEO) Don't think that a low-mileage, original 1984 will suddenly balloon in value in another 25 years. The huge production run means that survivor cars will have plenty of company


Page 3

Market Reports 34 Mecum Auctions, Des Moines, IA Mecum's Hawkeye Classic Sells 21 Corvettes for $355k by B. Mitchell Carlson 44 Carlisle Auctions, Carlisle, PA Fall Carlisle sells 7 of 14 Corvettes for $247k by Chip Lamb 50 Global Roundup 104 Corvettes from 16 auctions total $5.8m by CM Market Analysts Feature 18 Corvette Funfest Tens of thousands celebrate America's sports car in Effingham by John Gunnell Digital Bonus CM Departments 6 Publisher's Note 8 Insider's View: Should I make my Corvette as nice as possible, or replicate factory sloppiness? 10 Q&A: Cooling down a souped-up Corvette 12 Courtroom Corvettes: Beware of fraudulent advertising—do you know what you're really buying? 14 Events: Things to do and places to be with your Corvette 16 Auction Calendar 32 Market Overview 78 By The Numbers: Top Corvettes sold since June 80 Price Guide: Current Corvette pricing 84 Trick Stuff: Corvette computer mouse, C6 carpet and more 86 In Miniature: XP-755 Mako Shark 86 Speaking Volumes: The Corvette in the Barn 88 Resource Directory 90 Vette-o-bilia: Old Hawaiian license plates bring big bucks Additional Seat Time contributions, videos and images are available on this issue's Digital Edition, included with every print subscription. To sign up for your Digital Issue, go to www.corvettemarket.com/digital or call 503.261.2555 ext. 1 18 Corvette Funfest www.corvettemarket.com FALL 2010 Corvette Market 5


Page 4

Publisher's Note By Keith Martin Back to the Desert Corvette Market Keith Martin's Volume 3 . Issue 13 . Fall 2010 Publisher Keith Martin Art Director Jeff Stites Executive Editor Chester Allen Managing Editor Jim Pickering Auction Editor Tony Piff Data Analyst Chad Tyson Copy Editors Yael Abel Bill Neill Auction Analysts B. Mitchell Carlson Linda Clark Tom Glatch Daniel Grunwald John Clucas Chip Lamb Norm Mort Dale Novak Arizona in January is a Corvette lovefest A s the days grow shorter and the rains begin, all of us at CM World Headquarters in Portland, OR find our thoughts turning towards Arizona in January—and the warmth of the winter sun. We've been attending the Arizona auctions for 24 years, and we've watched what was a large regional event, the Barrett-Jackson auction, turn into the epicenter of a week crammed full of car auctions and related activities. Barrett-Jackson is still the once and future King of Fiberglass in Scottsdale, with literally hundreds of Corvettes offered for sale—and an exclusive relationship with NCRS. Russo and Steele is back in business after their collapsing-tent disaster last year. Their new location is near the old one, but will have superior weather protection and asphalt paving. RM and Gooding will duke it out in the rarified atmosphere of million-dollar cars; you won't find more them offering more than a few Corvettes, but those they do have will be very special. And for a casual afternoon of tire-kicking, you can't beat Silver at Fort McDowell. Far from the land of $5 Cokes and $12 hamburgers, Silver always has an appetizing array of collectible classics. CM staff and auction reporters will be at every event, and we'll share a booth with Sports Car Market at Gooding and Russo and Steele. Stop by, say hello, tell us about your Corvettes and pick up your latest edition of the 2011 Corvette Market Price Guide, which is free to all subscribers. Insider's Seminar The luminaries of the Corvette world will assemble once again for the 4th annual Corvette Market Insider's Seminar. Hosted by Barrett-Jackson and with primary sponsor Barrett-Jackson Endorsed Collector Car Insurance, the six panelists are: David Burroughs (Bloomington Gold), Jim Jordan (County Corvettes), Kevin Mackay (Corvette Repair, Inc.), Terry Michaelis (Pro Team Corvettes), Michael Pierce (NCRS) and Mike Yager (Mid America Motorworks). They will discuss where the market is headed, and when it makes sense to preserve rather than restore a Corvette. Then, they will each give their best-buy picks in the $25,000, $50,000 and $100,000 price range. You won't want to miss it—admission is free for CM subscribers. The seminar will take place on Thursday, January 20th from 9 to 11 am. For registration information, see page 83. Separate admission to Barrett-Jackson is required. Special Edition of Corvette in the Barn Automotive barn-find sleuth Tom Cotter has released The Corvette in the Barn, and you'll find it reviewed on page 86. I wrote the forward to the book, and CM has available just 100 leather-bound copies, signed by the author and me, and numbered. CM subscriber price is just $35 including shipping, and when they're gone, they're gone. Order yours by calling 877-2192605 ext. 204, or at www.corvettemarket.com/barn. Thank You This marks the beginning of our fourth year of publishing Corvette Market, and we want to thank all of the subscribers who have made this journey an exciting and enlightening one. Your stories and your feedback are a never-ending source of education and entertainment; thanks for making us part of your Corvette experience. ■ 6 Corvette Market FALL 2010 www.corvettemarket.com Contributors Carl Bomstead Marshall Buck Colin Comer John Draneas Michael Pierce John L. Stein Operations Manager Molly Gray Marketing Intern Rich Coparanis Senior Web Developer Jerret Kinsman Information Technology/ Internet Bryan Wolfe Software Engineering Intern Nidhi Saini Financial Manager Nikki Nalum Print Media Buyer Wendie Martin Director CM Television Roger Williams ADVERTISING SALES Advertising Executives Tom Mann tom.mann@corvettemarket.com 877.219.2605 x 211 Cody Wilson cody.wilson@corvettemarket.com 877.219.2605 x 213 SUBSCRIPTIONS Subscriptions Coordinator Kyle McBride Subscriptions 877.219.2605 x 1 9 am to 5 pm, M–F service@corvettemarket.com 503.253.2234 fax CORRESPONDENCE Phone 503.261.0555 Fax 503.253.2234 General P.O. Box 4797 Portland, Oregon 97208 FedEx/DHL/UPS 401 NE 19th Street, Suite 100 Portland, Oregon 97232 Web www.corvettemarket.com Corvette Market magazine (ISSN# 1939-6481) is published quarterly by Automotive Investor Media Group, 401 NE 19th Street, Suite 100, Portland, OR 97232. POSTMASTER: Send address changes to Corvette Market, PO Box 4797, Portland, OR 97208. The information in Corvette Market magazine is compiled from a variety of reliable sources. However, we disclaim and deny any responsibility or liability for the timeliness, use, interpretation, accuracy, and completeness of the information presented. All material, data, formats, and intellectual concepts in this issue © 2010 by Keith Martin's Corvette Market, LLC, Automotive Investor Media Group, and Automotive Investor in this format and any other used by Corvette Market magazine. Copyright registered with the United States copyright office. PRINTED IN USA


Page 6

Insider's View The current state of the Corvette Market Restored 427/435: Orange Paint Overspray? To overspray or not to overspray will ultimately depend on your goals for the restoration. Overspray was how the car was done at the factory T he CM question: “I'm finishing the restoration of my 1967 427/435, and the engine bay is perfect. But my Corvette guru friends tell me it is way too nice. They say the car needs sloppy orange paint overspray from the cylinder head to the exhaust manifold. Why? Shouldn't I make my Corvette as nice as possible?” CM readers say... discussion. I am a purist, and detail is important to me. Dave Woollings, via email: The cars were built in a factory by guys who may or may not have liked their jobs. Mondays were always hard to get good quality work, and, quite often, sloppy overspray happened—on all makes of cars. However if a guy is restoring his own car and wants it as nice as possible, well then make it so.... Paul Schreiber, via email: I think the idea of making everything appear as it did from the factory is wrong! If you are going to spend oodles of money on a restoration, it should be as perfect as you can make it. Otherwise it's just another sloppy job coming out of the factory after a night of drinking by the assemblers, and how is this even remotely OK? Dwayne Bublitz, Flagstaff, Monte Cox, via email: It has to have overspray, just like from the factory, to go for Gold. Ask the judges, and they will tell you that. Victor Dominelli, San Diego, CA: Overspray is a good thing, but just a hint of it is what you want. I learned this from reviewing several cars with a judge at this year's Bloomington Gold. Too much overspray, however, is an indication of someone who's trying too hard to be period-correct. They'll actually be docked a few points for their efforts. Hudson G. Vitaich, Sacramento, CA: Overspray is not OK. Why? Because it has now developed into camouflage. Sloppy restorers use it as a way of covering up sloppy gasket fits, excessive use of sealants and the use of incorrect fasteners—while telling their overpaying (pun intended) clients: “It's supposed to look this way.” I build very good engines, and I'll be damned— and beaten at the show—before 8 Corvette Market FALL 2010 www.corvettemarket.com I slop Chevy Orange all over the place in pursuit of some indefinable NCRS standard. Chris Schaff, via email: If you're going for correctness, use the overspray and make sure the orange shade is correct. I did get docked for too nice and too-bright orange paint when I had my ‘57 judged. If you're not getting judged, I wouldn't worry about the overspray. If you want to do the local shows, some people may not understand the overspray, but it makes for good AZ: Who cares about overspray unless you're an NCRS guru? It's your car, and you should restore it the way you want. The only reason to overspray would be for judging, and who wants to go through that nonsense? Drive the car and enjoy it! Ignore the NCRS judging manual and make it a driver. Mark Rudnick, via email: It depends on how closely one wants the car to appear factory original. The big-block Corvette engines were assembled in the Tonawanda plant and were painted orange with the exhaust manifold in place. The


Page 7

exhaust manifolds didn't receive overspray—they received a direct hit as the engine painter made a quick pass down the side of the head. To authenticate the build process, one would spray paint the engine with the exhaust manifolds in place, as was done in Tonawanda. Most of the orange will be burned to black within a few hours of run time, but the flange area that mates to the cylinder head will stay orange for many years to come. Michael Pierce, Portland, OR: NCRS and Bloomington Corvette judges expect to see some orange overspray on the exhaust manifolds, water pump bypass hose and on some intake manifolds. During the initial assembly process, exhaust manifolds were hung on the heads, and a shield was used before painting the blocks orange. Judging by the book On hydraulic lifter motors, intake manifolds were completely painted the same orange as the block. Solid-lifter motors used cast aluminum intakes and were masked when painted, but they usually show some overspray. In fact, it is often the case with this type of judging that points may be deducted for “over-restoration” or “not typical of factory production” if orange overspray does not appear to be “as original.” Concours—and most car show judging—is all about cleanliness and condition without any eye to originality. Judges want to see pretty cars. Overspray, although authentic, often distracts, detracts and deducts. Ultimately, the choice is yours. If you are going to compete for the highest awards in the Corvette preservation and restoration world, you will have your car judged by experts who look for hundreds of very specific things. NCRS judging is actually an open-book test. The judging manual is written in exhausting detail, so you know exactly what standard your car will be judged against. If you follow that guide, there should be very few surprises. In either case, once you're done with the restoration, just drive the car and don't worry about it. ■ www.corvettemarket.com FALL 2010 Corvette Market 9


Page 8

Questions &Answers Please send your questions to questions@corvettemarket.com. By Colin Comer What if My Lady is Really a Dude? These suspect cars sell for about what the restorations cost, so is there any harm in just pretending it is my dream car? Does my 2010 Grand Sport need a bra? I just bought my first Corvette, a new 2010 Grand Sport Coupe. The salesman recommended a “clear bra” paint protection system. Do they work? What are the pros and cons? Worth the money (about $1k installed)? Thanks—D.M., West Chicago, IL Yes, the clear paint protection kits offered by a variety of companies typically use 3M Scotchgard Paint Protection film, and they are quite effective. It is a thin, clear urethane film—like a really tough contact paper—that is applied to the most vulnerable areas of your car, such as the nose, painted side mirrors and behind wheel openings. A thicker version is used to protect headlight lenses. I have this on a number of my own cars, and it has sustained reasonably violent rock attacks without damage to the paint. Pros: Pre-cut kits are avail- able for almost every Corvette ever built, it's almost invisible once installed, and it saves your paint. Cons: Do not try to install it yourself, it's not invisible enough for show cars, it needs an occasional clean up with rubbing alcohol or plastic polish to remove fine scratches, and it does eventually need to be replaced (about every five years or when it is sufficiently worn). I'd say it is well worth the expense if you drive your car often and want to save its shiny new finish. What if my lady is really a dude? I've been looking for a '67 427/435 convertible in Lyndale Blue for a while. After many false starts, I am starting to ease up on my requirements of finding one with good docs and an original motor. I recently found an NCRS Top Flight winner and had it inspected. The car has no original paperwork, and limited owner history, but it is quite stunning. The asking price is $160k. My inspector advised me that he believes the engine to be a restamped unit—and not original to the car. There were enough other yellow flags that led him to believe the car may just be a nice 427/435 clone based on a real Lyndale Blue roadster—as the trim and VIN tags checked out as original. Should I stop worrying about paperwork and originality? It seems to me that these suspect cars sell for about what the restorations cost, so is there any harm in just pretending it is my dream car? How much less than a “real/ known” one is a “UFO” worth? I want a Corvette, and I am not getting any younger.—D.H., via email Good question. For many, a shiny, correct car—with a lack of paperwork—is well worth the discount. Others want all the UFOs to stay in Area 51 and not in their garage. And you are correct in that some of these unknown 427/435 Corvettes can be purchased for less than it takes to restore or build one from scratch. And not many people at a local show or cruise night will look at your car any differently if you don't have GM paperwork in your safe at home. That said, I think the current market for a very convincing 427/435 car of unknown origins 10 Corvette Market FALL 2010 www.corvettemarket.com Gain peace of mind with a protective shield is $90k-$125k, while cars with airtight, bulletproof history, real docs and a display case full of Bloomington Gold and NCRS National awards are moving up again, with recent sales in the $200k-$250k range. Another point to consider—when it comes time to sell—is that “live” is a lot easier to sell than Memorex. The real question is, can YOU slide behind the wheel and be happy with knowing that your pretty lady may have once been a dude? That's a decision only you can make. A Tri-Power '58? OK, help me settle a bet. I was watching the TV show “American Pickers” with a car buddy when they “picked” a 3x2 carb setup—Rochester 2-barrels by the look of it—with three individual chrome louvered air cleaners. The seller told the Picker guys that the carbs were from a very rare 1958 Corvette Tri-Power car, after which the Pickers agreed and flashed a photo of a 1958 Corvette on the screen. They paid $50 for the carbs and said they were worth a lot more due to the rarity. I'm not a big C1 guy, but I cried foul. I don't know of any C1 factory Tri-Power cars. My buddy says I am an idiot, that they research these shows, so it has to be true. I bet him $50 that he's wrong and I'm right. So, was there a factory 3x2 1958 Corvette?—R.E., Rapids City, IL As they say, don't believe everything you see on TV. There were no Tri-Power C1 Corvettes, and your buddy owes you fifty bucks. Please send my 10% cut to CM World Headquarters. Cooling down a soupedup Corvette Ok, I have a 1969 427 coupe that I have owned since '77. It is mildly souped-up, with a big cam, Holley 850, Hooker headers, a Mallory distributor, and all the other go-fast stuff we


Page 9

used to bolt on. The problem is, at my advanced age I am getting tired of how hot this damn thing gets. I'm not talking coolant temperature. I'm referring to radiant heat under the hood and under my feet. I know it is the nature of the beast but is there anything I can do?—TT, Coloma, WI I can't believe anything gets hot enough to be annoying in Coloma! Kidding aside, I will assume the car is tuned properly (jetting, timing, healthy cooling system) and is mechanically fit. Since your first hop-up days with this car, lots of technology has emerged to fight radiant heat. I have found that ceramic coating headers and exhaust is a big help, especially thick ones such as the “White Lightning” (.015”) coating from Swain Tech Coatings. They claim a reduction of underhood temps of 35% to 55% just by doing the headers. The downside is the white color, but a rattle-can high-temp paint can be applied over it in the color of your choice. Cost is about $300 for a pair of V8 headers. For your hot feet, there are tons of high-tech heat shields for exhaust, reflective blankets to mount or glue to the underside of your floors, and also pre-cut heat insulation kits that go under the carpet. All of this will make a big difference and keep your shoes from melting on a long drive. Pulling engines with ease I just had the engine rebuilt in my 1964 coupe, and un- fortunately, it has to come back out to fix some leaks. When I pulled it out the last time, I used one of those engine lift plates that bolts to the carburetor flange of the intake and had a hell of a time maneuvering the engine in and out without doing major damage. Is there an easier way to do this? I've been told an engine balance bar would help but then the engine will want to No factory Tri-Power in 1958 Corvettes swing sideways. I'm just a hobbyist, not a professional, so any advice is very welcome.—C.H., Scottsdale, AZ I know this problem. It is always like a high-stakes game of “Operation” when you're pulling or installing a motor into a car you care about. I recently found (completely by accident) a slick little tool called, simply, the Pivot Plate from Mac's Custom Tie-Downs. It bolts to the carburetor flange, just like the plate you used, but has an infinitely adjustable pivot that goes from zero to 35 degrees or so. We just used it in our shop and I think one of my guys wants to propose to it—and he's been pulling engines for 32 years. For $149, it may be just the thing to ease some of the pain of having to do your engine job twice. Hope this helps. ■ www.corvettemarket.com FALL 2010 Corvette Market 11


Page 10

Courtroom Corvettes The legal side of the hobby. By Bruce Shaw, Esq. Beware of Fraudulent Advertising A 1962 Corvette Fuelie was displayed with a sign that described the car as “Survivor Quality.” What does this mean? What the seller says is just a starting point believe in what they read. Corvette buyers love to believe that they have found the car of their dreams. Fraudulent advertising is the main highway that steers some Corvette buyers into the potholes of bad Corvette purchases. Fraudulent advertising is any marketing tactic, such as oral or written statements, that intentionally deceive another person into entering into a transaction that he or she would have avoided. A seller is responsible for what he knows or what he should have known about a product—be it a Corvette or vacuum cleaner—before making a statement. C Dangers in paradise Let's go to a typical Corvette-only show. Buyers can look forward to a great selection of Corvettes for sale, but buyers also get a selection of fraudulent advertising scattered over those acres of shiny fiberglass. Some unscrupulous sellers bait their snares with carefully written descriptions to fool the unwary. Let's imagine it's a perfect day for Corvette perusing—not a cloud in the sky, a temperature of 82 degrees and rows and rows of Corvettes. Unfortunately, as I am a lawyer, I am always looking and thinking law stuff at these events. Are the potholes filled to avoid tripping hazards? Does the event have insurance if someone chokes on a vendor's food? But, most importantly, are some sellers using fraudulent advertising in their signs or oral statements? At the event I was attending, the operative words on some signs were “Survivor Quality,” “Appears to be/Believed to be” or “Numbers Matching.” These descriptions, when applied accurately to a Corvette ad, may be characterized as “terms of art”—as they convey a special definition or meaning in the industry. Of course, the industry here is Corvette transactions. The problem is that all of these “terms of art” can be used to deceive a potential buyer. The descriptive words can be 12 Corvette Market FALL 2010 www.corvettemarket.com orvette fraud comes in three flavors: Re-stamped or counterfeit parts, fake documentation and fraudulent advertising. The worst of these evils is fraudulent advertising, as it reaches the greatest number of potential buyers. People want to believe in what they are told—and intentionally manipulated by the seller—and transform the “terms of art” to false meanings. Survivor Quality I ambled up and down the rows of Corvettes, and it wasn't long before I discovered my first case of fraudulent advertising. A 1962 Corvette Fuelie was displayed with a beautiful sign next to the front fender. The sign described all of the attributes of the car, and “Survivor Quality” was the head note. So, what is “Survivor Quality”? What does this mean to the Corvette buyer? Dave Burroughs of Bloomington Gold trademarked “Survivor” in 1989 to define Corvettes that are nicely preserved and unrestored originals. “Survivor” means that the Corvette must be at least 50% original. This definition is a term of art, as it defines a custom or standard of the industry. I asked the seller of that 1961 Fuelie owner what he meant by “Survivor Quality.” He proudly stated that the brand-new paint job and interior “were exactly like what the car had when it was new.” BUZZ! This is false advertising. Remember that real Bloomington Gold Survivors must have 50% of the original finish and interior. What's more, the seller should know what “Survivor” means prior to his statements. It is believed My next stop was at a 1965 396/425 convertible. This Corvette had imported knockoff aluminum wheels,


Page 11

Coker redline tires and side exhaust. The advertising stated, “It is believed to be a real big block car.” This is false advertising. Here is the falsity: The statement “It is believed to be real” is a typical deceptive term that has no purpose except to hook a potential buyer. After questioning the seller, I discovered that he had no basis for the “belief,” but it just sounded good! Yet, if there is a problem, the seller will be the first to say, “I never said it was real, I said it was ‘believed' to be real.” There is a big difference between saying something is real, which is an affirmative, no-leeway statement, and “It is believed to be real,” which is a statement that it could easily be seen as “not real.” This creates an escape for the seller's statement—a statement that the buyer relied upon. “An” versus “The” Then I stumbled across a beautifully restored 1967 convertible with the following descriptive words: “This beauty sports an original drivetrain.” AN original drivetrain? Not THE original drivetrain? When I questioned the seller, his answer was, “Yes, it could be the original drivetrain.” Further questions resulted in the seller ignoring me. There is a difference in the words “an” and “the.” The word “an” can be understood in two ways. In one way, “an” can mean the actual, original drivetrain of that particular car. In another way, “an” can mean an original drivetrain—the type used in that particular car—but not necessarily the real, original drive train. Using “The original drive train” limits that particular drive train to that particular car. “Matching numbers” Finally, I came across everyone's favorite: “matching numbers.” This pristine 1969 coupe had the 427/400 engine, air conditioning and transistorized ignition. The ad included a copy of the tank sticker and dealer invoice—and said the car was “guaranteed 100% numbers-matching.” But was this actually a numbers-matching Corvette? The car had the entire smog pump assembly removed, a Pep Boys replacement alternator, an ACCEL distributor and Hooker headers. Clearly, this Corvette was far from a 100% numbers-matching car. The figure 100% was the death blow for the seller. Once again, the seller knew or should have known—prior to making any statements—that the Corvette was not 100% numbers-matching, so the ad could easily mislead a potential buyer. So what have we learned? Every word stated on a sign or coming from the mouth of a seller must be carefully evaluated. Is the seller particularly careful with his words as he talks with you? Could the advertisement have two meanings? Could a word in the advertisement change the complete meaning of the Corvette's description at any time? Could a word leave a back door open for an unscrupulous seller? You bet! As always, when evaluating a collectible Corvette, ask lots of questions, see all the paperwork, consult with experts and don't be pressured to “make the deal today.” A misrepresented car that you walk away from may just be the best deal you ever do. ■ BRUCE SHAW, ESQ. is an attorney specializing in collector car fraud. He is a former Bloomington Gold instructor, and an NCRS national judge. His comments are general in nature and are not intended to substitute for consultation with an attorney. www.corvettemarket.com FALL 2010 Corvette Market 13


Page 12

Insider's View Event Guide Arizona January 20, 2011 4th Annual Corvette Market Insider's Seminar, Scottsdale The 4th Annual Corvette Market Insider's Seminar will be from 9 am to 11 am on Thursday, January 20 at the Barrett-Jackson Auction site in Scottsdale, AZ. CM Publisher Keith Martin will lead the discussion, and the panelists include: Mike Yager, founder of Mid America Motorworks Michael Pierce, NCRS senior judge Roy Sinor, NCRS National Judging chairman David Burroughs, Bloomington Gold CEO Terry Michaelis, ProTeam Corvette owner Kevin Mackay, expert Corvette restorer and owner of Corvette Repair restoration shop Jim Jordan, president of County Corvette. Admission is free for CM and SCM subscribers, registered Barrett-Jackson bidders and consignors, owners of Bloomington Gold-certified Corvettes and NCRS members. Space is limited! To register, go to www.corvettemarket.com California March 25-27, 2011 Legends of Riverside Racing Film Festival and Gala, Riverside Parnelli Jones is the 2011 honoree of the third annual festival of racing films and legends. This festival grows in popularity each year, probably because of the winning combination of great racing films, great food, great racers and great conversations. Only 150 tickets are available for the 2011 event, and one $199 price covers all the events, lunches and dinners—plus a goodie bag—over the three-day festival. www.legendsofriverside.com Florida January 9, 2011 5th Annual Open Car & Truck Show, Sunrise While most of the United States is mired in winter, the sun-kissed members of the Renegade Corvette Club will put on a car show that includes Top 30 awards for Corvettes ranging from 1953 to 2011. Cash goes to winners of Ed Morse Choice, Renegade Choice and Top Corvette awards. The first 100 to register will get free T-shirts and dashboard plaques. Live music, food, door prizes and a 50/50 raffle are also scheduled for the event, which will be at the Ed Morse Sawgrass Auto Mall. Sunshine is not guaranteed, but ice and snow are unlikely. Pre-registration by January 1 is $20. Day-ofshow tickets are $25. www.renegadecorvetteclub.com January 22, 2011 ACC Reflections in Glass, Fort Lauderdale The annual Corvette and GM show happens this year at Maroone Chevrolet of Fort Lauderdale. This is one of the largest Corvette events in Florida, and it is held rain or shine. More than 200 Corvettes are expected to pass under the eyes of judges, and the categories include stock, modified, wash and show and custom cars. The show starts at 10 am and ends at 5 pm. First-place winners bring home $100, and $50 goes to 2nd place. Live music, a silent auction, food and drinks, vendors and door prizes liven up the day. Register by January 15 for $25 or fork over $30 on the day of the show. www.renegadecorvetteclub.com January 26-29, 2011 33rd Annual NCRS Winter Regional Meet, Kissimmee, FL This huge NCRS event brings vendors, a swap meet, car corral, judging, a wash and shine show and a Corvette cruise through Old Town. www.ncrs.com CMers at the 2010 Scottsdale Insider's Seminar 14 Corvette Market FALL 2010 www.corvettemarket.com The current state of the Corvette market Send your Corvette event listing to cmcalendar@corvettemarket.com.


Page 14

Insider's View Event Guide The current state of the Corvette market Send your Corvette event listing to cmcalendar@corvettemarket.com. Texas February 12-13, 2011 33rd Annual Corvette/Chevy Expo, Houston March 11-13 16th Annual Amelia Island Concours d'Elegance, Amelia Island 2010 Amelia Island Concours d' Elegance Tennessee This famous event brings more than 250 amazing cars onto the green fairways of the Golf Club of Amelia Island at Summer Beach. Racing legend Robby Rahal is this year's honoree. Dinners, RM and Gooding & Company car auctions, tours, seminars and other events round out this gearhead paradise. www.ameliaconcours.org March 13, 2011 25th Annual Spring Meet Corvette Show, Miami The Sunshine Corvette Club and Kendall Chevrolet join together every spring to put on this show, which features judged classes for all Corvette generations. Original and modified cars compete for 1st, 2nd and 3rd places. Raffles, door prizes and live music are staples of this popular event. www.sunshinecorvetteclub.com Illinois March 4-6, 2011 Chevy Vettefest, Chicago The 30th Anniversary Chevy Vettefest rumbles into Chicago's Stephens Convention Center. A lot of original and restores Corvettes will compete for Triple Crown awards, which are considered one of the top prizes for fans of America's Sports Car. Gold Spinner Awards go to exceptionally original Corvettes from all generations. Cars competing for Triple Crown awards must have a Gold Spinner award—and NCRS Top Flight and Bloomington Gold certificates. Registration for Triple Crown candidates is $250, while registration is $95 for cars in the Gold Spinner category. www.chevyfest.net NOVEMBER March 25-26, 2011 34th Annual Corvette Expo, Sevierville The Sevierville Event Center, located in the foothills of the Great Smoky Mountains, will become Corvette Heaven for a couple of days. An auction, a swap meet, a judged Corvette competition, a cruise and horsepower events fill up the two days. $10. www.corvetteexpo.com Nothing is small at this Corvette event. The 130,000-square foot Brown Convention Center makes this show the largest indoor Corvette show in Texas. Corvettes will compete for more than 100 trophies. The Texas NCRS is meeting and will judge cars. A car sale mart is scheduled, along with a swap meet. Hundreds of vendors will set up shop, and did we mention the bikini contest? $15 per day or $25 for a two-day pass. www.corvettechevyexpo.com Washington February 12–13, 2011 37th Annual Corvette & High Performance Meet, Puyallup www.corvhp.com. ■ Auction Calendar DECEMBER 4-6—HOLLYWOOD WHEELS West Palm Beach, FL 5-6—MECUM Canal Winchester, OH 6-7—RED BARON Atlanta, GA 13—RM Gainesville, GA 13—SILVER Tucson, AZ 13—BONHAMS & BUTTERFIELDS Los Angeles, CA 13—VICARI Panama City Beach, FL 15—SHANNONS Sydney, AUS 19-21—MCCORMICK Palm Springs, CA 19-21—LEAKE Dallas, TX 3-4—AUCTIONS AMERICA Raleigh, NC 3—SILVER Spokane, WA 2-4—MECUM Kansas City, MO 10-11—SANTIAGO Oklahoma City, OK JANUARY 6—BONHAMS & BUTTERFIELDS Las Vegas, NV 6-8—MIDAMERICA Las Vegas, NV 7-9—DAVE RUPP Ft. Lauderdale, FL 17-23—BARRETT-JACKSON Scottsdale, AZ 19-23—RUSSO AND STEELE Scottsdale, AZ 20-21—RM Phoenix, AZ 16 Corvette Market FALL 2010 www.corvettemarket.com 21-23—SILVER Fort McDowell, AZ 21-22—GOODING & CO Scottsdale, AZ 26-30—MECUM Kissimmee, FL FEBRUARY 5—PETERSEN Salem, OR 18-19—LEAKE Oklahoma City, OK 18—WORLDWIDE Atlantic City, NJ MARCH 4-6—RM Fort Lauderdale, FL 11—GOODING & CO Amelia Island, FL 12—RM Amelia Island, FL 26—SILVER Portland, OR Photo: Rashba.com


Page 16

Insider's View Corvette Funfest 2010 Report and photos by John Gunnell The current state of the Corvette market Send your Corvette event listing to cmcalendar@corvettemarket.com. George Barris and Thousands of Corvettes The end-of-summer Corvette Funfest sees a 21% jump in registration, and 60 Corvette clubs showed up for the fun Effingham, IL., from Sept. 17–19. The Corvette supplier's 2010 customer appreciation party featured many T cars, famous people and seminars. Mike Yager, Mid America's chief cheerleader, posed specialty cars from his MY Garage museum in tents for those who wanted to take photographs. Popular attractions such as the three-day car show with thousands of Corvettes, the Friday night Corvette auction, on-site Corvette exhaust and brake installs, Corvette burnout contests, best garage contest, Corvette trade show and club tent program were busy all weekend. It was Corvetteland. 1960s rockers The Guess Who filled the Saturday night air with hits, such as “American Woman” and “No Sugar Tonight.” Corvette fans got to meet “King of Kustomizers” George Barris, who hosted seminars and autograph sessions. One visitor even went home with a special “Barris Kustom Award,” for his customized Corvette. Linda Vaughn—known as “Miss Hurst Golden Shifter” and “The Queen of Drag Racing”—was on hand he Corvette Funfest is an annual “you-gotta-bethere” event for tens of thousands of gearheads. The 17th annual event rumbled to life at the Mid America Motorworks corporate campus in Laurie Yager, Linda Vaughn, Mike Yager and George Barris to greet the ‘Vette fans with her bubbly personality. Both Linda and George danced the night away at the Saturday evening concert. Other guests included former Corvette chief engineer Dave McLellan, GM service technician Paul Koerner, artist Dana Forrester and authors Jerry Heasley, Tom Benford, Randy Leffingwell, Richard Newton and Dave Emanuel, all of whom signed copies of their Corvette books. Corvette experts presented outstand- ing educational seminars, which made a visit to the show worthwhile for any enthusiast. The seminars were full of great tips and leads, such as finding parts to what is the right oil for Corvettes with flat tappet cams. David Burroughs, CEO of Bloomington Gold and Kevin Mackay of Corvette Repair, Inc., talked about preserving the originality of a “Survivor” car. ■ Details Plan Ahead: September 16-18, 2011 Where: Effingham, IL Cost: $25 to $500, depending on admissions package More: www.mamotorworks.com The object of everyone's affection 18 Corvette Market FALL 2010 www.corvettemarket.com


Page 18

C1 profile 1961 283/315 Fuelie The dollars live in the details, and the difference between a Top Flight car and an also-ran can be as subtle as the sheen of the frame paint by John L. Stein Chassis number: 10867S108388 Engine number: F0501CS cars, almost without interruption through to the present day. In many important ways, 1961 marked the nascence of the Bill Mitchell era in F Corvette styling. Use of chrome on the Corvette had been in decline since its high point in 1958, and by 1961, its use was relatively minimal. Gone were the curvaceous rear fenders of the earlier cars, replaced with the muscular haunches and quad taillights that preceded Larry Shinoda's forthcoming Sting Ray. This particular 1961 Corvette is a documented standard bearer for the model. Restoration work on the car was undertaken with utmost concern for factory-correct detail, and it has been judged and Bloomington Gold Certified. Furthermore, this Corvette has been the recipient of multiple awards and certifications by the National Corvette Restorers Society, including the Duntov Mark of Excellence and several Top Flight awards. In Ermine White with silver coves, the finish on this lovely Corvette accurately replicates the standards of its original application in period. The shape of the lightweight fiberglass body is gently accentuated by the subtle contrast of silver and white, and the car embodies a sporting elegance. The interior is finished in the correct red and serves as an apt counterpoint for the subtle exterior. Inside, the car maintains the same attention to factory-correctness present elsewhere, and the proper materials are present throughout. It includes factory-correct components, including tar-top battery, jack, spare and hard top wrench. One of the many practical advantages to Corvette ownership is an owner com- munity that is nearly unmatched in its knowledge of, and dedication to, the model. This car carries a level of documentation and certification that would be astounding for almost any other type of car. The recognized experts have scrutinized it, finding that its restoration is faithful, detail-for-detail, to the original car as it rolled off the assembly line. 20 Corvette Market FALL 2010 www.corvettemarket.com Details Years Produced 1961 Number Produced 10,939 Original List Price $3,934 CM Valuation $68,500–$139,000 Tune-up $500 Distributor Cap $19.99 Chassis # Top of steering column under hood Engine # Right front cylinder head deck Club National Corvette Restorers Society More www.ncrs.org Alternatives 1956-58 Porsche 356A Speedster, 1967 Jaguar E-type Series 1 4.2 roadster, 1967 Shelby GT500 CM Investment Grade B or many, the 1960s were the golden years of American high-performance automobiles. No car did more to usher in that era than the Chevrolet Corvette. In 1955, it was offered for the first time with a V8 engine. From then on, there was no looking back—the Corvette has helped shoulder the banner for American sporting The 1961 Corvette was an utterly brilliant car and a world-class sports car in its day. This is a rare opportunity to take ownership of a car painstakingly restored to exacting standards. Photos by Hugh Hamilton © 2010 Courtesy of Gooding & Company


Page 19

Digital Bonus CM CM Analysis This car, Lot 161, sold for $121,000 at the Gooding & Company auction at the Pebble Beach Equestrian Center in Pebble Beach, CA, on August 15, 2010. If cars were rock bands, this one would definitely be called No Doubt. That's because its stunningly correct restoration—along with Bloomington Gold, NCRS Duntov and Top Flight awards—gave it all the validation it needed to attract strong bidding at the Gooding auction, admittedly a Eurocentric event. And truth be told, even among a tasty array of competition-spec Ferraris at the two-day auction, it still made my Top Ten list of cars that I wanted to take home. It sold for the second-highest amount (following Saturday's Lot 1, a 1958 Fuelie at $137,500) of any of the five Corvettes in the auction. As solid-axles go, the '61 is one of the most characteristic, as it heralded the first ap- plication of Larry Shinoda's Sting Ray-style tail treatment that would eventually define all second-generation Corvettes. With this new styling cue, along with a new, roomier cockpit and the highest horsepower of any Chevy to date, the ‘61 Corvette was a grownup sports car for its time. It was well-suited for daily driving and grand touring, while keeping its lust for a street race. Numbers-matching Fuelies are rare The bone density of this particular car gets even better, as it's also a numbers- matching, fuel-injection model, which was a fairly rare option in 1961, with just 13% of Corvettes so equipped. Having the preferred 4-speed manual gearbox and a lovely optional hard top (a $236.75 option in its day but worth many thousands now) made the car even more complete and usable. And then there was the execution, which was as close to flawless as you could want. As any restorer knows, the dollars live in the details, and the difference between a Top Flight car and an also-ran can be as subtle as the sheen of the frame paint, the true-toperiod look of the exterior finish, or the shine of the interior vinyl. Perhaps even more than the inherent goodness of the 1961 Fuelie model, these details are what built lust in my heart—to quote a certain peanut farmer—for this car. Actually, the only thing not to love about this Corvette was that it's a '61 model, and not the final solid-axle year of 1962, with its enlarged, higher-horsepower 327-ci engine. But we're quibbling here, because while the 1962 Corvettes were technically stronger, they're also significantly less rare than the '61 Fuelies. Outstanding attention to detail Showing 38,143 miles, this Ermine White with silver coves car shows little use after its complete, frame-off restoration. The Plexiglass top windows look original, and the addition of period-correct bias-ply tires, old-school battery, and California black and yellow license plates help anchor it in time and place. I gave the car a 1- rat- ing when reviewing it for CM and SCM at the auction, as the only problems were slightly rumpled seat upholstery and some errant glue around the weather stripping. In actuality, the assembly line workers in St. Louis probably weren't all that careful about where the glue brush swept when the Shirelles were on the radio. Someone ought to invent a formula for determining bang-for-the-buck value in classic cars. Why? Well, compared to other highbrow sports cars, such as Shelbys, Ferraris and Porsches, this Corvette certainly would score high in all the important areas, including exciting exterior and interior design, genuine performance credentials, fun-to-drive quotient, easy parts availability and reparability, strength of resale value, and overall pleasure. In other words, in my personal bang-for-the-buck equation, this car at $121,000 Terry Goodman's ‘61 Fuelie www.corvettemarket.com FALL 2010 Corvette Market 21 would have a much higher rating than the 1967 Shelby GT500 that sold for $118,250 at the same auction. This C1 was very well sold, but more importantly, smartly bought. This is the last '61 that the buyer will ever really need to own. ■ (Introductory description courtesy of Gooding & Company.) SEAT TIME Jerry James, via email: Envision a 1961 Fuelie on a summer evening with the top safely tucked away heading west out of Denver into the Rockies.... That's my preferred memory for my 1961. It was Horizon Blue with white coves and a medium blue interior, white convertible top and white hard top. This was the summer of 1972 and I'd owned another 1961 which had been stolen. I bought the car with the insurance proceeds from a local police officer who was frustrated with it. It was originally a Fuelie, but he'd installed a factory 2x4 set-up because he couldn't make the fuel injection work right. I remember that he blamed the altitude. I didn't know zip about fuel injection but decided I was about to learn. I ordered rebuild books out of car magazines, and as I remember, I think that I got two or three and read all of ‘em. I went down to the local Chevy dealer and bought two fuel injection rebuild kits. For some reason, the figure of $12 each sticks in my head. And I learned.... My first real ride with the finished injection rebuild is the opening sentence; not only was I proud of myself but I was also equipped with an ear-to ear smile. I had set the valves, the injection was as close to spec as I could get it without a manometer, and I was gonna do some mountain driving! Wow, my heart still sings when I think about it. The paint was faded—typical for the Colorado sun—and I replaced the carpets. I then drove it for the next three years with absolute joy. I wish I still had pictures but they went away in a flooded basement. I still remember the Fuelie whistle and the pull of a solid-lifter 283 with a 3.73 rear end. In a weak moment I sold it to a fellow from Keokuk, Iowa. Eric Goodman, via email: My Dad (Terry Goodman) owns a 1961 Corvette 283/315 Fuelie. He has owned the car since 1996 and is the second owner. It is a numbers-matching car with under 50,000 original miles. The car has been repainted but the rest is original. He bought the car from a local California car dealer and it has the original black California plates. He has owned about a dozen Corvettes. He currently has four: the 1961 Fuelie, a 1965 convertible, a 1966 coupe and a 2000 convertible. The ‘61 has always been his favorite. Every time he takes it to a show (not very often, as it has such low miles), everyone loves it. I do not think he will ever sell the car!


Page 20

C2 profile 1963 327/360 “Pilot Line” Sting Ray Roadster This is one of the oldest C2s in existence, and there's a great mystique to any early production or pilot car, especially a landmark like the Sting Ray by Thomas Glatch Chassis number: 30867S100015 equipped with a simple yet effective independent rear suspension courtesy of Zora Arkus-Duntov. Of the four 327-ci engine options, the L84 360-horsepower variant propelled the P Corvette from 0 to 60 mph in under six seconds. Contemporary magazines unanimously praised the new Sting Ray's handling and performance, with Motor Trend testers remarking, “We thought the old model cornered darn well, but there's no comparing it to this new one.” Perhaps the most telling endorsement came from Zora Arkus-Duntov, who said, “For the first time, I now have a Corvette I can be proud to drive in Europe.” Both the 1963 Sting Ray and the fuel-injected models, in particular, remain design and engineering benchmarks. This example is particularly remarkable as Sting Ray number 15, being a real “pilot line,” or pre-production car, for 1963 and believed to be one of approximately four such cars known to exist today. According to a recent inspection, the Corvette shows just 15 miles since it received a body-off-frame restoration. Today, the paint, door fit and interior are good, the brightwork is driver quality, the engine bay is clean and proper but not over-restored, and the undercarriage remains show-quality in presentation. The Corvette includes a four-speed manual transmission, an AM radio, knockoff turbine-style wheels and power windows. With its desirable color combination, highperformance powertrain, sheer rarity and historical significance, the offering of this fuel-injected 1963 Sting Ray is truly a rare opportunity that cannot be missed. 22 Corvette Market FALL 2010 www.corvettemarket.com enned by GM stylist Larry Shinoda under Bill Mitchell, the all-new 1963 Corvette Sting Ray introduced the aerodynamic styling and superb engineering that created an instant classic. Underneath that gorgeous new bodywork was a serious sports car, riding on a 4-inch shorter wheelbase than before and CM Analysis This Corvette, Lot 248, sold for $104,500, Auctions Sports & Classics of Monterey Auction, including buyer's premium, at the RM Details Years Produced 1963 Number Produced 21,513 (coupe and convertible) Original List Price $4,375.95 CM Valuation $40,400-$70,000 (340-hp), $66,000-$114,000 (360-hp) Tune-up $150 Distributor Cap $19.99 Chassis # VIN plate on top of instrument panel at base of windshield Engine # Pad on front of block below right cylinder head Club The C2 Corvette Registry More www.c2registry.org Alternatives 1962 Jaguar XKE convertible, 1963-65 Shelby Cobra 289, 1970 Chevrolet Chevelle SS 454/450 convertible CM Investment Grade A Photos: Darin Schnabel ©2010 Courtesy of RM Auctions


Page 21

Digital Bonus CM Monterey, CA, on August 13, 2010. The venerable St. Louis Assembly Plant was abuzz in mid-September 1962. Instead of the relentless pace and mind-numbing monotony of the assembly process, the line was moving at a crawl. A stunning automobile was being built; all-new, save for the engine and transmission. Workers used to building essentially the same vehicle for the past decade were learning new assembly processes and familiarizing themselves with new workstations and new components. There had to be a feeling in the plant that history was in the making. It's been called “the Original American Idol.” There is no question that the 1963 Corvette was a defining moment in American automotive history, not only for its striking style, but also for its engineering innovations. Car Life magazine gave the Sting Ray its 1963 Annual Award for Technical Excellence, while Road & Track gushed, “As a purely sporting car, the new Corvette will know few peers on road or track.” And this one was just the 15th car off the St. Louis line, built on or around September 18, 1962—possibly the same day as the very first car. Part of O'Quinn's collection Sting Ray 15 went unsold at Mecum's Bloomington Gold auction in 2004, but RM sold it in 2005 for $128,400. Later, it was part of the collection of John O'Quinn, the Houston mega-attorney turned megacollector. Fortune magazine once called O'Quinn “the lawyer from hell” for his success in earning over $20 billion for his firm through high-profile lawsuits against drug and chemical companies, stockbrokers, and the tobacco industry. With over 670 cars in his growing collection, O'Quinn was noted for buying anything that caught his eye. This car's Riverside Red paint and red vinyl interior, factory alloy knockoffs and 360-hp Fuelie power plant make it easy to see why it attracted O'Quinn's attention. O'Quinn amassed a personal fortune believed to be around $4 billion before his untimely death in a singlecar crash on a wet Houston road in October 2009. In the era before government-mandated crash tests, often just one or two “pilot” cars were destroyed after thorough testing. The rest of the handful of pilot run vehicles were often used as auto show displays or press cars—and later sold to the public. Yet the Corvette C2 Registry lists only one known ‘63 older than this one, 30867S100003. Where the other 13 are is a mystery, and a constant source of inspiration for barn-find wannabees. Restoration questions The C2 registry (www.c2registry.org) does not give us a definitive answer as to the original color scheme of this car. Sting Ray 15 is not listed in the printed version of the registry, but shows up in the online version describing this car as being built in Ermine White with a Saddle interior. No source is given for this information. Of course, an examination of the trim tag would tell us what we want to know. But given that this car was in the highly-regarded O'Quinn collection, I would say that the chances are that #15 was born red, and not white. The registry also lists Positraction as its only other option, so it's doubtful this car was built with the alloy knockoff wheels (only 140 ‘63s were factory-equipped with this option, and it did not become available until later in the model year). In any event, as with any Corvette, when no docu- mentation is provided by the seller, it's up to the seller to perform his own due diligence. We assume the buyer did his homework here and was satisfied with what he discovered. There's no argument that this is one of the oldest Sting Rays in existence, and for me there's a great mystique to any early production or pilot car, especially a landmark like the Sting Ray. With Z06 cars fetching as much as $360k, you would think the historic value of Sting Ray 15 would partially offset any questions about its documentation. That pesky convertible status—and the lack of docu- mentation and correct restoration—relegated Sting Ray 15 to just mid-book price for a 360-hp Corvette. We hope the new owner will do some digging, ascertain the correct original configuration and restore the car to that status—so that this extremely early Sting Ray can be properly preserved for posterity. Well bought. ■ (Introductory copy courtesy of RM Auctions.) TOM GLATCH has been contributing stories and photographs to automotive magazines, books and calendars since 1983. Seat Time Jon Rost, Sheboygan, WI: I own a 327/340, numbersmatching Corvette. It is red, with black vinyl, black leather, sidepipes, and knockoffs. Sweet. Have owned it since 1990. Nothing quite like the rumble when it starts up. To me, there is no Corvette that surpasses the classic styling of the 1963-67 midyears. Fun to drive, fun to look at. Tom Dunn, Winona Lake, NY: I have had my 1963 Corvette since 1994. I did a full restoration. I have not competed in NCRS yet, but I may some day. I don't drive the car much. I just keep it for showing, but enjoy a few dashes every year just to remind me what it was like when I was a teenager! These are wonderfully simple cars, but they are so far ahead of their time when you compare them to our cars today. in many respects, performance-wise, the cars give little ground to the cars of today. www.corvettemarket.com FALL 2010 Corvette Market 23


Page 22

C3 profile 1971 454/425 ZR2 Convertible This Corvette ZR2 is one of just twelve built—and it is one of only two convertibles by Michael Pierce Chassis number: 194671S114630 T he LS6 engine RPO has been offered only once in Corvette history, and for only one model year—1971. With 454 cubic inches, a cast-iron block and aluminum heads, the first LS6 was second only to the full-blown L88 racing engine (offered from 1967 through 1969) in terms of both power and legend. The original LS6 produced 425 horsepower and was the most powerful engine offered in 1971. Only 188 cars were produced with this power plant, less than 1% of Corvette's 21,801 production run for 1971. The option price was $1,221, or 22% of the coupe's $5,496 base price. When tested by a leading automotive magazine, an LS6 with a four-speed manual and a 3.36:1 limited-slip differential produced impressive numbers: a 0-60 mph time of 5.3 seconds, a time of 13.8 seconds at 105 mph in the quarter-mile and fuel mileage between 9 and 14 mpg. Building on the LS6 option was the ZR2 package. Priced at $1,747, the ZR2 in- cluded the LS6, a heavy-duty, close-ratio four-speed manual transmission, heavy-duty power brakes, transistorized ignition, lightweight aluminum radiator, special springs, shocks, and front and rear stabilizer bars. A total of only twelve ZR2-equipped Corvettes were produced, making them even rarer than the original Z06. The ZR2 offered here is not only one of just twelve built; it is one of only two convertibles—and the only completely original one in existence. The car is untouched and has all of its original components. The car won Gold at the Bloomington Corvette Corral in 1982 and Gold “Special Collection” at Bloomington in 1984. It is fully documented with warranty card, Protect-O-Plate, partial tank sticker, Delco Remy transistor ignition tag, Bloomington Gold Special Collection certificate, Corvette Owner's Card and letter of congratulations from General Motors GM John Z. DeLorean. 24 Corvette Market FALL 2010 www.corvettemarket.com CM Analysis The car, Lot S118, sold for $466,400, auction in Monterey, CA, on August 14, 2010. including buyer's premium, at Mecum's Details Years Produced 1971 Number Produced 12 (two convertibles and ten coupes) Original List Price $7,672.80 CM Valuation $450,000-$550,000 Tune-up $400 Distributor Cap $25 Chassis # Lower left windshield corner Engine # Right front cylinder head deck Club National Corvette Restorers Society 6291 Day Road Cincinnati, OH 45252 More www.ncrs.org Alternatives 1969 Corvette L88 roadster, 1965 Shelby 289 Cobra, 1965-66 Ferrari 275 GTS Spyder CM Investment Grade A


Page 23

Digital Bonus CM In the world of Corvettes, part numbers, production totals by model and RPO, casting numbers, assembly dates, and so on are quoted by almost all owners and aficionados. The word “rare” is spoken often—and appears in print when describing certain models, colors and options. Well, here's a really rare one for you: In 1971, General Motors built two RPO Corvette ZR2 convertibles. Besides the two 1969 ZL1 Corvettes (with the all-aluminum block, RPO L88), these 1971 ZR2 convertibles are the RAREST of all production Corvettes ever built—period! So, why were only two of these cars built, and what makes them so unique? First of all, the Corvette ZR2 option—on ten coupes and two convertibles—was only offered in 1971. Second, the option tacked $1,747.30 onto the convertible base price of $5,259, which immediately drove the cost up by 25%. To put this kind of money in perspective, the average yearly household income in the United States was $10,600 in 1971, and the average cost of a new house was $25,200. What did the owners get for forking over so much cash? An aluminum head and intake; a 454/425-hp block; Heavy Duty dual-pin, power-assisted brakes; transistor ignition; a Muncie heavy-duty 4-speed transmission; special springs; huge shocks/sway bars; and a heavy-duty dual-disc clutch and flywheel combination. Clearly, these Corvettes were not intended for daily driving, and Chevrolet's sales literature made this clear to prospective buyers. Like the L88-powered monsters from 1967-69, keeping the engine cool was accomplished by going really fast—not stopping and sitting in traffic. These Corvettes were race cars. To keep the weight down, no fan shroud was used. Giving up weight and maximizing performance were the reasons you could not get air conditioning, a radio or heater in your expensive new Corvette. The history of an excellent buy This ZR2 was ordered from Kluge Chevrolet in Bremerton, WA, with an MSRP of $7,276.80. It had four options: black leather ($158), the ZR2 package ($1,747.30), 4.11 Positraction ($12.65) and an auxiliary hard top ($273.85). It was financed through GMAC. All that was a good bit of cash back in 1971, but this same ZR2 Corvette brought $466,400 at the Mecum Monterey auction on August, 14, 2010. I believe the car at this price was an excellent buy. The reasons are pretty simple: This ZR2—remember it one of just two on the planet—is completely original. This convertible Corvette has its original engine, transmission, interior, rear end, glass, exhaust, tires, wheels, body panels and paint. Its provenance is irrefutable, with the original Protect-O-Plate tank sheet, order copy and purchase documents. Added to that is a complete chain of title and owner history. It received an NCRS Regional Top Flight award this year, and has accumulated several prior Bloomington awards. The car has just 8,650 miles. Finally, the second of the two 1971 ZR2 convertibles brought a higher price at auction—admittedly in 2008, when the Corvette market was stronger—even though it is not nearly as original as our subject car. The other 1971 ZR2 convertible The only other ZR2 convertible, chassis number 194677S117850, sold for $550,000 at Mecum's St. Charles Auction on June 27, 2008. This Corvette also has documentation, but it was a race car in Europe in its early years. This car returned to the U.S. in 1982. It came home with a small-block engine and is reputed to have been carrying racing wounds. When the tank sticker was uncovered, the new—and lucky—owner found out the true identity of his car. Nabers Brothers Restoration of Houston, TX, restored the car. A very special car The value and interest of our subject car goes beyond Corvette collectors to a wide range of auto enthusiasts. Although it was probably a Corvette person who bought this ultra-rare ZR2, I believe that it had an equal chance of being acquired by someone who would have added it to his collection of rare, unique, high-performance, raceready cars. After all, there were only two built, and of the two, this is the only one that can claim to be original. Which, in the end, makes it one of one—the only original ZR2 on the planet. ■ (Introductory copy courtesy of Mecum Auctions.) Seat Time Tom Marcucci, via email: The 1971 ZR2 was the last GM attempt at racing, It had the mighty LS6 454/425-hp engine and mandatory M22 rock crusher 4-speed manual. An automatic transmission was not an option with this beast. The other factory race equip- ment was the same as the “King of the Street” L88 cars. I have owned this ZR2 for about four years. The color combo of Steel Cities Gray and saddle leather is really nice. www.corvettemarket.com FALL 2010 Corvette Market 25


Page 24

C4 profile 1984 Corvette Coupe A clean sheet for the C4—and a new plant—was a recipe for brilliant success or dark disaster by B. Mitchell Carlson Chassis number: 1G1AY0787E5112208 great and is reliable. CM Analysis This Corvette, Lot F53, sold for $8,500, including premium, at the Mecum T auction in Des Moines, IA, on July 16, 2010. 1984 is the model year of Corvette that almost everyone picks on. Are these cars really the foaming dung piles that some claim they are? Or are they a misunderstood gateway model that signaled a significant change for Corvettes? Well, there is truth in both statements. An all-new C4 was in the cards by the mid-1970s. In 1976, Car and Driver magazine drove a brand-new Corvette to Alaska and lamented the lack of performance—and sloppy quality—as the car all but shook itself apart on the rough roads. One member of the Corvette engineering team told the writers to hold tight, as great things were in the pipeline. GM certainly needed to change things up, as the C3 dated to 1968—and the under- pinnings dated back to the C2 of 1963. Because of tighter federal safety and emissions standards, the Corvette was looked upon as the poster child for the perceived death of performance cars in the Disco era. For heaven's sake, the Dodge Little Red Express pickup truck passed the Corvette as the United State's fastest car—well, motor vehicle—in 1978 and 1979. GM changed the Corvette on several levels. First, they designed the all-new Corvette for world-class handling, rather than as a fire-breathing muscle car. Then they moved Corvette production during 1981 to an all-new plant in Bowling Green, KY—one that was built for Corvette production. This was a clean break from the aging plant and indifferent attitude towards quality at the St. Louis, MO, Corvette assembly line. The Kentucky-made C3s of late 1981 and all of 1982 have since been recognized as being the best built of that generation. However, that surge in quality was probably due to building what was basically the 26 Corvette Market FALL 2010 www.corvettemarket.com Details Years Produced 1984 Number Produced 51,547 Original List Price $21,800 CM Valuation $5,500-$8,500 Tune-up $150 Distributor Cap $8 to $15 Chassis # Riveted to the base of the dashboard on the driver's side Engine # Lower rear side of crankcase Club Corvette Club of America P.O. Box 9879 Bowling Green, KY 42102 More www.corvetteclubofamerica.com Alternatives 1985-89 Corvette coupe, 1982-91 Chevrolet Camaro Z/28, 1984-88 Pontiac Fiero GT, 1982-93 Ford Mustang GT CM Investment Grade D his is a low-mileage (44,000) 1984 Corvette coupe with a removable hard top. The car is in excellent condition and has never been in an accident. The car has a leather interior, power windows and seats. Automatic transmission, electronic display and Bose speakers. The car has always been garaged and is well cared for. The car runs same car for 18 years. With a clean sheet for the C4—and a new plant—it was a recipe for brilliant success or dark disaster. The delayed start of the Electric Corvette The C4 was intended to be a 1983 model—and to mark the 20th Anniversary of America's Sports Car. Pilot models were built at Bowling Green for the press


Page 25

Digital Bonus CM introduction and evaluation in December 1982. Because of bugs in development that the auto press ripped the car over in drives of pre-production units, GM delayed its full-scale assembly-line production until early 1983. GM also held back the new car because it already met all 1984 federal safety and emissions requirements. The company felt it wasn't worth doing all the government certifications for a 1983 model run when they could move the new Corvette up one model year and start selling them in March 1983. When the new C4 Corvette was released in March as a 1984 model, it became the longest model year in Corvette history. Christened the “Electric ‘Vette” because of the full digital-display dashboard, the 1984 Corvette was GM's answer to the 1980s trend of “Tokyo by Night” gauges on Japanese performance cars. Digital dashboards played well to the Buick market, but American performance enthusiasts lambasted the light show as gimmicky and difficult to read. Like most GM electronics of the era, this initial year was problematic, but performance improved in later years. A hard ride One perceived strike against the 1984 Corvette was the suspension. The car press bashed the last few years of C3 cars for too-soft suspensions. The Corvette engineering team went to the polar opposite with the C4 design. In their efforts to make the new Corvette really handle, designers used extremely stiff spring rates—especially on the Z51 Performance Handling Package option. Customers heard the pre-introduction buzz about the wonderful new suspension, and roughly half of the cars were ordered with it. However, drivers soon complained that the 1984 Corvettes had a very harsh ride. Later years saw softer spring rates and improved tuning of both suspensions, but the 1984 cars cast the stereotype that C4 Corvettes ride like lumber wagons. However once people got done whining about the ride quality and actually ran the cars, they found that they had great handling. Some Corvette engineers still claim that the 1984 Z51 was the best-handling street Corvette until the C5. The rougher ride also exacerbated one other issue—build quality. From new, the fit and finish of the new Corvette was only marginally better than GM's average, which, quite frankly, was lousy in 1984. The cars had squeaks and rattles. Just as with the suspension, problems were identified and ironed out in subsequent years, but the die was cast for the 1984's rattle-trap reputation. Best-kept secret or parts car? GM made a lot of 1984 Corvettes. Because of the extended model year, it was the second-largest production year for Corvettes at 51,547 cars, just behind 1979 at 53,807 (another year that's generally considered a yawner). Corvettes also have the lowest attrition rate in the industry, so that means there are a bunch of 1984 cars in circulation. Remember that every single one of those cars is a coupe, as the ragtop didn't come back until 1986. With all this in mind, it's little wonder that 1984 has become the most inexpensive Corvette. With a large supply and a checkered reputation, the law of supply and demand is in full effect—and pushing down prices. Unlike the previous generation of least-desirable Corvettes—the rubber bumper C3s—nostalgia has not kicked in, and it is unlikely to show up for a long time. By now, inexpensive Corvettes have often suffered from abusive owners. That cheapie, under-$3k 1984 Corvette may not have had an oil change since the Clinton administration, but it might have gained mag wheels, a high-rise, dual 4-barrel carb poking through the hole cut into the hood with a hacksaw, and a big number 3 painted on the doors. In short, a cheap C4 could really just be a parts car waiting to happen. This is not to say that all 1984s are to be avoided like spoiled meat. Lower-mileage, well-kept examples regularly enter the market, often from the original owner. Still, don't think that keeping a minimal-mile original 1984 will suddenly bring you a balloon in value in 25 years. The huge production run means that survivor cars will have plenty of company. It's extremely tempting for someone who knows Corvettes to plunk down $2,800 for a 1984 and have it as a “run it until it breaks” daily driver. The car may sport door dings or faded paint, but who cares? These Corvettes are also eligible for collector or historical registration in many states. I see 1984s regularly sell for $4k or less. These cheap Corvettes are not on the wrong end of a tow truck—they are all runners. My personal “how low can you go” poster child was one that sold at a 2009 ICA auction for $2,592. That car, with baked-leather interior and brown metallic paint, was not investment grade, but it was a cheap runner that can become a parts car if it cops an attitude on you one morning. A similar 1984 Corvette was sold for $2,900 at Mecum's 2010 Bloomington Gold auction. And don't forget, well-tended 1984 Z51s can make great track day cars for someone on a budget. Our example seems to be a more typical 1984—ex- cept in selling price. I expected this to be a $7k car on its best day. Low mileage is what rang the bell here, as the condition was average at best. With just 44k miles on the clock, the only paint issues one would like to see are ones from the factory. This car had some panels resprayed, which makes Bloomington Gold certification out of the question. With some austerity measures visible in maintenance, such as the low-budget exhaust and old tires, our subject Corvette was more of a used car kept running than a babied original. As you would only pay a premium for a nice one, I'd call the price here fair enough to both parties, but I bet the seller is glad to see the car gone. Which leads to my overall conclusion of well sold. ■ (Introductory description courtesy of Mecum Auctions.) www.corvettemarket.com FALL 2010 Corvette Market 27


Page 26

C5 profile 2000 Corvette Convertible Many C5 Corvettes are in the traditional used car market, so supply is outweighing demand. This is not a formula for rising values by Chip Lamb bumper—and other innovations—federal crash safety standards dealt major blows to car styling, comfort and convenience. Many then believed that convertible cars without any sort of roll-over protection were doomed. This was not to be, however, and the mid-1980s saw a renaissance of convert- F ible cars all over the world. From Chrysler K-Cars to Saab Turbos to Corvettes and Ferraris, the ragtop was back. For Corvette, the convertible roof would persist until the end of the C4 run and into that of the C5, which is the generation of our subject car. Unlike the prior generation, the C5 was available with a completely fixed roof (which was the only choice on the new Z06), as well as the popular removable ‘Targa' top and a cloth convertible. Amenities were plentiful, with all the power options, leather seats and a choice be- tween a 6-speed manual gearbox and an electronic overdrive automatic transmission. CM Analysis This car, Lot S61, sold for $15,900 at the Mecum Des Moines auction on July 16, 2010. At first glance and gut reaction, the 2000 Corvette convertible seen at Mecum's Des Moines auction this past summer would seem to be a no-brainer at the price where it was hammered away to a new home. There will always be those who favor the triple-black car, be it a long, black Cadillac or a Corvette. The prospect of owning a perennial roasting oven is tempered—not just with air conditioning, but also with the sheer cool factor of black. Johnny Cash and Roy Orbison knew what they were doing. 28 Corvette Market FALL 2010 www.corvettemarket.com ollowing an absence of more than a decade, Chevrolet reintroduced the convertible roof option for the 1986 Corvette. This may require some explanation for younger readers, as in the mid-1970s the American car industry thought all convertible cars had one foot in the grave. With the introduction of the 5 mph Details Years Produced 1997-2004 Number Produced 248,715 in all body configurations Original List Price $45,320 for a 2000 convertible with similar options CM Valuation $15,000 – $22,000 Tune-up $500 Distributor Cap N/A (coil-pack ignition) Chassis # Driver's side dashboard at base of windshield Engine # Pad forward of cylinder head on right side Club Corvette Club of America P.O. Box 9879 Bowling Green, KY 42102 More www.corvetteclubofamerica.com Alternatives 1997-2005 Jaguar XK8 convertible, 1997-2004 Ford Mustang GT convertible, 2001-4 Maserati 3200 GT convertible CM Investment Grade D+


Page 27

Digital Bonus CM The subject car's paint appears to be largely without major flaws or repairs, but the worn tires show that a few dollars will be spent down the road. The chrome Z06 alloy wheels give this particular example a nice stance. The cloth top, while somewhat weathered, had no major flaws and was perfectly serviceable. Inside, one immediately notices the optional, dual-memory sport seats, which exhibit normal wear, as do the carpet and steering wheel. Overall, the condition of the car raises no serious red flags. At closer inspection, all of these minor age-and-use flaws would seem to be outweighed by the Active Handling package, an in-dash CD player with a 12-disc changer in the trunk and dual-zone heating and air conditioning as further niceties ordered above and beyond the stock car when it was new. An under-the-hood inspection reveals a GM service cam- paign sticker, which means at least some dealer work. There were no apparent leaks or broken items—everything is there. My own preference is for a 6-speed manual in such a car, but there are also those with a bad left knee or with other reasons to prefer an automatic, which this car had. I can't and won't fault it for this equipment. Why so cheap? This was a $45,000-plus car when it was new, and it doesn't show major wear, accident damage or poor repairs. And this car has a top that goes down. So, why did this handsome car sell for just $15k in 2010? Could it be the glut of C5 Corvettes churning through the used car marketplace, especially given the deep discounts and zero-percent financing offered towards the purchase of a new C6? And recall, these are just used cars produced in large numbers, 13,479 in 2000 alone. Also, this car was now ten years old, and not likely to get you high fives in the gas station or a valet-chosen parking place in front of your favorite restaurant. But let's say that I'm being a bit hard on the used Corvette market. There is another factor. There is something that most folks who attend non-used-car-dealer, non-traditional auctions, such as this Mecum collector car auction, come to expect. We all expect to see a consignor-supplied description on the car's windshield card. That element was completely absent here. There are two reasons why this description is important: First, potential bidders get information—hopefully credible—about the car. The second reason is less obvious, especially at a fast-paced collector car auction. This missing information leaves the auction announcer—the person who introduces the car as it goes on the block—with very little to say about the car. The auction announcer is in the same knowledge-starved position as the potential buyers who inspected the car during the preview. As a consignor and a buyer at numerous collector automobile and motorcycle auctions, I can tell you that less is not more in this environment. Supply and demand rule Could this car have done much better at a traditional wholesale used-car auction? Perhaps—but probably not enough to make much of a difference. As with anything else, the laws of supply and de- mand set some of the parameters for desirability and collectibility. Many of these C5 Corvettes are now in the traditional used car market, so supply is outweighing demand. This is not a formula for rising values. This is a good car for the retail buyer. If pressed, I'd have to say that perhaps this car was even slightly well sold. This was also the opinion of B. Mitchell Carlson, CM's senior auction analyst, who also covered this sale—and drives a value-priced C5. But remember, when you go to sell your Corvette at auction, provide a good written description to entice bidders. That gives the auctioneer, who is trying to get you all the money, something to work with. ■ Seat Time Glenn Hutchinson, Naples, FL: I purchased my 2000 from the original owner with under 6,000 miles on it. It was an automatic with polished wheels, etc…. Very nicely loaded car. I had a GREAT time with that car, with quite a few long trips of over 3,500 miles. The gas mileage this car gave us was incredible. On a long trip we would get 27 to 30 miles per gallon if we weren't going up and down hilly roads. This car had all the trunk room my wife and I needed to make these outings. Our Corvette had over 130,000 miles and was still running strong when we decided to get a new C6 Corvette in 2008. www.corvettemarket.com FALL 2010 Corvette Market 29


Page 28

C6 A Selection of C6s that sold recently on eBay 2005 Corvette convertible #120627552633. S/N 1G1YY34U955126032. Silver/black canvas/Ebony leather. Odo: 46,981 miles. 42 Photos. Largo, FL. “Classic 'Vette styling, manual, well cared for with Florida owner history. Paint is immaculate. This vehicle is one of the cleanest we have taken in on trade ever! Its loaded with Heads Up display, remote start, full leather, power top. Priced below wholesale, recently serviced, needs nothing.” 18 bids, sf 88. Cond: 2+. CM Analysis SOLD AT $25,100. This is the best of eBay Motors right here: The selling dealer port costs, and the buyer gets a great deal on a seemingly perfect used car. Well played. moves what likely was aging inventory at wholesale without physical auction trans- 2005 Corvette coupe #380274155742. S/N 1G1YY24U055123224. Daytona Orange & black/Ebony leather. Odo: 39,000 miles. 18 Photos. Bristol, PA. Powered by a 6.0 liter, 400hp LS2 engine and 6-speed transmission. Nicely equipped with power leather sport seats, aftermarket wheels, custom satin black paint stripes. Previous accident damage, was paid off by the insurance company. We replaced rear suspension and painted quarter panel and rear bumper. Interior still smells new. We sell all our accident repairables and reconstructed vehicles as ‘frame damaged.' PA reconstructed vehicle title.” 19 bids, sf 19318. Cond: 3+. CM Analysis SOLD AT $18,206. Predictably, the seller offers, “They don't come this nice too often, now is the time to step up for this BARGAIN C6 Corvette.” A savings of 25%- 30% over a non-rebuilt car might work if you like the cosmetic modifications, are a cash buyer, and don't plan to resell until it depreciates into a high schooler's budget. 2005 Corvette Lingenfelter Z06 convertible #120630690017. S/N 1G1YY34U955120294. Millennium Yellow/black canvas/Ebony leather. Odo: 8,021 miles. 24 Photos. Kingston, PA. Boiler plate description uses more words to explain the history of the dealership than to describe this actual car or even what is meant by “Lingenfelter Z06.” I can see the decal on the windshield, the Lambo doors and the big chrome wheels, but incongruously all the stats they have cut-and-pasted are stock. 0 bids. Cond: 2. CM Analysis NOT SOLD AT $40,000. The lack of detailed information surely restrained bidding. resulting depreciation to “advertising expense” for the dealership. 2006 Corvette Z06 coupe #250704646587. S/N 1G1YY26E465124965. Victory Red/Ebony leather. Odo: 147 miles. 24 Photos. Burr Ridge, IL. “The lowest mileage 2006 Z06 we have recently seen for sale. Still smells new and comes with all of documentation, including video disc, navigation disc, owner's manual, warranty books, and even the original plastic that protected the rugs, mats and vanity mirrors. Never driven in any bad weather, always properly stored indoors in a climate controlled collection setting.” $1,500 Corsa exhaust. 21 bids, sf 42. Cond: 1. CM Analysis SOLD AT $52,990. Seller suggests, “A low mile Z06 Corvette like this is ideal for any collector who is looking for a special addition to their collection or just to drive.” But it will be a really long time before this car is collectible. And driving it would destroy the ultra-low mileage claim that makes it special in the first place. So, you have to think more along the lines of, “If you are looking for a new Z06 but want to save over $20,000 then this is your lucky day.” Someone who did not care about warranty coverage saved at least $20k. 2007 Corvette Custom coupe #350402605433. S/N 1G1YY26U875109782. Victory Red/”Ferrari” tan leather. Odo: 3,500 miles. 24 Photos. Mount Vernon, NY. “ZX-1 ONE OF A KIND CORVETTE! THIS WAS #1 of 300 KARVAJAL DESIGNS BUILT. BUT DUE TO THE ECONOMY THEY HAVE NOT PRODUCED ANY OTHERS. OVER $300k IN PRODUCTION COSTS. Super wide body design (80” wide at rear). Exotic rear diffuser and LED lights, hoop painted black to match rear custom hatch. HRE Custom Wide Aluminum Race Wheels. Auto finger touch door opener. Smooth door design with no handle hole.” 600-hp supercharged V8, 6-sp. Some stone chips. Needs new center lens. 1 BuyIt-Now bid, sf 3674. Cond: 2-. CM Analysis SOLD AT $90,005. So for 40 years now car guys have pondered what might have happened if Ford had not been spurned in its attempt to buy Ferrari. Lately people have been contemplating a Viper with Maranello componentry, given the Fiat-Chrysler conglomerate. Finally bow tie fans have their turn to imagine the lovechild of a C6 Corvette and a 550 Maranello. The result has, well, a lot of personality, but was it worth the price of two comparable base Corvettes? One correct ZR1? I don't think so. Very well sold. ■ 30 Corvette Market FALL 2010 www.corvettemarket.com Still, a $46,500 Buy-It-Now price is just on the edge of unrealistic in October in Pennsylvania if the mechanicals are all stock. I say the sales manager should be a hero at his high school's homecoming, relist this thing with a thorough description at no reserve, and write off the mini profiles Condition inferred from seller's descriptions; cars were not physically examined by the author. All quoted material taken from the eBay listings. sf=seller's feedback; bf=buyer's feedback


Page 30

Market Report Overview Late Summer Sales: 120 Corvettes, $6.4m High-end restorations were a harder sell, while usable driver-quality examples brought strong prices by Jim Pickering tions from Monterey, California to Paris, France. With the overall collector car market continuing to show general improvement, buyers were out in force, and quite a few cars saw very high prices across the block. However, driver-quality examples saw a boost as well, reflecting a growing middle market in tune with gradual economic recovery—as well as buyers who increasingly want something they can use rather than something to just show. The Monterey auctions in August are some of the T highest grossing sales on the U.S. auction calendar, and this year, auctions by Mecum, Russo and Steele, Bonhams, Gooding & Company, and RM grossed a record breaking $172m in sales for 1,134 cars. Forty-three Corvettes sold for $5.1m, and among them was the first production 1967 L88 convertible at Mecum's Monterey sale. In completely restored condition, it made $1.3m, making it among the most expensive Corvettes ever sold at auction. In addition, Mecum also sold a 1971 ZR2 convertible at $466k (see the C3 profile, p. 24), and a 1957 283/245 convertible in 1- condition for $67k. Across town, RM offered a rare “Pilot Line” 1963 327/360 Fuelie convertible, and after much interest across the block, it sold for $104,500 (see the C2 profile, p.22). And at Gooding's annual Pebble Beach event, a well-restored 1961 283/315 Fuelie convertible made $121k. Mecum's annual Hawkeye Classic sale in Des Moines took place in midJuly, with 213 of 383 cars selling for an overall total of $3.8m—much improved from 2009's $2.6m for 143 of 267 cars. Twenty-one Corvettes sold this year for a grand total of $355k, including a 1961 283/245 convertible in driver condition that topped the list at $46k. Senior Auction Analyst B. Mitchell Carlson was there to note a strong group of prices among the sold lots, but he also noted that the majority CM 1–6 Scale Condition Rating: 1: National concours standard/perfect 2: Very good, club concours, some small flaws 3: Average daily driver in decent condition 4: Still a driver but with some apparent flaws 5: A nasty beast that runs but has many problems 6: Good only for parts 32 Corvette Market FALL 2010 www.corvettemarket.com he summer months are by far the best time to enjoy a collectible Corvette, and this year, auctions from July through September saw a healthy number of examples from every era cross the block in loca- Top Ten Sales This Issue 1. 1967 Corvette 427/435 L88 convertible, $1,325,000—Lot S125, p. 68 2. 1953 Corvette 235/150 roadster, $247,500—Lot 46, p. 50 3. 1953 Corvette 235/150 roadster, $220,000—Lot 239, p. 50 4. 1958 Corvette 283/315 Fuelie convertible, $181,500—Lot S646, p. 54 5. 1963 Corvette 327/360 Z06 Fuelie coupe, $159,000—Lot F110, p. 62 6. 1981 Corvette 350/190 coupe, $150,000—Lot 373, p. 76 7. 1981 Corvette 350/190 coupe, $150,000—Lot 373-1, p. 76 8. 1958 Corvette 283/290 Fuelie convertible, $143,100—Lot S79, p. 54 9. 1957 Corvette 283/283 Fuelie convertible, $134,200—Lot 651-1, p. 54 10. 1963 Corvette 327/360 Fuelie coupe, $132,000—Lot 279, p. 62 Best Buys 1. 1963 Chevrolet Corvette 327/360 coupe, $95,400—Lot S97, p. 62 2. 1965 Chevrolet Corvette 327/250 convertible, $31,900—Lot 348, p. 66 3. 1957 Chevrolet Corvette 283/270 convertible, $63,250—Lot 207, p. 52 4. 1969 Chevrolet Corvette 350/350 coupe, $14,580—Lot 524, p. 72 5. 1961 Chevrolet Corvette 283/245 convertible, $46,110—Lot F123, p. 36 of well-restored C2s and chrome-bumper C3s failed to sell. Later C3s and C4s did much better, and many brought very strong prices, including a driver-quality white 1976 coupe that made $10k, a Corvette Tan 1977 coupe that sold at $8,700, and a black 1988 coupe that brought $10,865. Fall Carlisle also featured a select number of Corvettes in late September, with seven selling for a combined $247k. Auction Analyst Chip Lamb noted overall totals to be up here as well, with this year's 143 of 271 cars changing hands for a combined $2.2m, compared to last year's 111 of 281 for a shade under $1.9m. This year's high seller was a 1965 327/375 Fuelie convertible at $90,300, followed by a similar 1965 big-block convertible with a few questions that made $57,750. Prices continue their trend of stabilization within the collectible Corvette market, and while buyers are still drawn toward rare equipment and high-quality restorations when it comes time to bid, the overall results show interest returning to driver-level examples, and that should be considered great news for owners of all classic Corvettes. 


Page 32

Market Report Mecum Des Moines, IA Mecum Auction's Hawkeye Classic 2010 Driver C3s and C4s were the most common sellers, while only a pair from each of the C5 and C2 generations were hammered sold Company Mecum Auctions Hawkeye Classic 2010 Date July 16-17, 2010 Location Des Moines, IA Auctioneers Mark Delzell, Mike Hagerman, Jim Landis, Matt Moauec, and Bobby McLaughlin Overall cars sold / offered 213/383 Total sales rate 56% Sales total $3,809,521 Corvettes sold / offered 21/35 ‘61 283/245 convertible brought $46,110 Report and photos by B. Mitchell Carlson Market opinions in italics M ecum's had a good year, with several high-end auctions bringing substantial results in locations across the Midwest and Florida. Running on the momentum of those successful auctions, Mecum's annual Des Moines sale in the Varied Industries building on the Iowa State Fairgrounds continued the trend. It was similar to last year's event in layout, TV coverage, high temperatures with high humidity outside to sauté most of the Friday cars, and a diverse range and a good number of overall lots. However, this auction wasn't simply a carbon copy of last year's event, as selling prices were up across the board. Lots of dealers attend this sale, since it tradionally has lower than average selling prices, but they were rarely the ones signing the buyer's receipts this year—retail buyers were the ones getting the cars. Thanks to a scheduling conflict with Discovery HD TV, the auction was delayed for one hour, with automobilia starting off at 2 pm instead of the originally scheduled 1 pm. This probably can help explain an over 70% sell-though on Friday afternoon and evening, with the last Friday car rolling off the block at a quarter-past 9 pm—15 minutes after the cameras went dark. On Saturday, it was back to the regular schedule, with the auction taking a bit longer due to the higher resistance from sellers with regard to dropping their reserves. All told, with less sales on Saturday, the overall sell-through came in at 56%. Corvettes bucked the average, with an overall sell-thorough of an even 60% over the two days. By the close of the event, 213 cars traded hands 34 Corvette Market FALL 2010 www.corvettemarket.com Mecum Sales Totals $5m $10m $15m $20m $25m 0 2010 2009 2008 2007 2006 2005 Corvette sales total $355,524 Corvette high sale 1961 283/245 convertible, sold at $46,110 for a final total of $3.8m, as compared to last year's auction, where 143 of 267 cars made $2.7m. In terms of just Corvettes, this year's event looked even more solid, with 21 selling, compared to just seven in 2009. This year's highest-selling Corvette was a 1961 Buyer's premium $300 on the first $5,499, $500 from $5,500 to $9,999, 6% thereafter, included in sold prices. 283/245 convertible at $46,110. Decent overall and finished in red and white, it came with both hard and soft tops, and it was a decent deal at the price paid. Just behind that was a 1965 Corvette coupe that had been fitted with a 468-ci big-block and Torq-Thrust style wheels. After a good five minutes on the auction block, it traded hands for $42,930. While average cars were selling at good levels for their owners, highlight cars for the most part returned home—both in terms of Corvettes and collectible cars in general. Included in this number were all of the stock C2 and chrome-bumper C3 big-block Corvettes. Worka-day C3s and C4s were the most common sellers, while only a pair from each of the C5 and C2 generations were hammered sold. Indeed, it seemed like Corvettes with issues (motor swaps as well as color and equipment changes) fared better than one would usually expect. But regardless, the final totals here were solid for the cars that did change hands, and that was good news for Mecum and the Corvette Market in general. ■


Page 34

Market Report C1 #F200-1956 CHEVROLET CORVETTE convertible. S/N E56S003900. Venetian Red & beige/beige cloth/red vinyl. Odo: 837 miles. 265-ci 225-hp V8, 2x4-bbl, 3-sp. Judged an NCRS Top Flight car at Flagstaff in 2006. Authentically restored body retains typical light rippling throughout. Better-than-original paint and fit, rechromed bumpers better than stock. New reproduction emblems and trim. Mecum Des Moines, IA bought well, as they can't drop much lower than this. Then again, I've heard that before... C2 #F142-1963 CHEVROLET CORVETTE convertible. S/N 30867S113781. Riverside Red/white vinyl/black vinyl. Odo: 71,869 miles. 327-ci 300-hp V8, 4-bbl, auto. Repainted in its original Riverside Red, but red interior has been changed to black. Good door fit, uneven gaps at headlight doors. Rechromed bumpers, some trim replaced. Swap-out interior moderately faded and worn. Engine of uncertain origin, as alternator is on the incorrect 160319). This bid reflects what the market is looking to pay for a car like this, so the seller could have cut it loose here. #F189-1965 CHEVROLET CORVETTE coupe. S/N N/A. Red/red leather. Odo: 10,592 miles. 468-ci V8, 4-bbl, 4-sp. Body tag missing, engine pad illegible. Good prep work and repaint, nice panel gaps, heavily shaved inner wheelwell lips on all four corners. Fitted with aftermarket tilt steering column, sidepipes, and larger-than-stock Torq-Thrust wheels. New seat leather, door panels, and carpets virtually unworn. Note stuck on dash warns against Minimal to no wear on reproduction interior soft trim. New gauges. Concours-ready under hood, although undercarriage shows evidence of driving. Optional 225-hp dual-quad motor and Wonderbar radio. Cond: 2+. NOT SOLD AT $75,000. Last seen at McCormick's Palm Springs auction in February '08, where it sold for a then-market price of $90,038 (CM# 115934). With a reserve of $100k and C1s seeing limited action here, this was rightly taken home. Best Buy #F123-1961 CHEVROLET CORVETTE convertible. S/N 10867S104114. Red & white/white canvas & red hard top/red vinyl. Odo: 74,143 miles. 283ci 245-hp V8, 2x4-bbl, 4-sp. Recent repaint on original wavy body. Rechromed bumpers, with mostly reproduction emblems and trim. Door and panel fit to factory standard. All authentic repro interior soft trim with minimal wear. Engine bay not cleaned up since restoration, now showing light dust and oil weeping. Said side. Intake, carb, and air cleaner all obviously aftermarket. Has optional Powerglide and power steering. Cond: 3. SOLD AT $37,630. 1963 convertibles are more plentiful than their beloved coupe variants, and they seem to end up abused and patched together just as badly as 1964s. Cheap for a C2 convertible... but then again, it's a cheap C2 convertible. #F164-1964 CHEVROLET CORVETTE coupe. S/N 40837S118408. Silver/black leather. Odo: 1,050 miles. 350-ci fuel-injected V8, 4-sp. Originally Daytona Blue with blue vinyl interior, decently repainted, with masking lines on dry vent glass seals. No driver's door-to-glass seals, door fit off. Aftermarket big-block-style hood, shaved and reinforced wheelwells on all four corners. Newer interior sharp turns. Cond: 3+. SOLD AT $42,930. It took well over five minutes to get this Parts-isParts Special sold. The final bidder was willing to raise his last bid by $500 to help convince the owner (along with a lot of haggling by Dana) to let it go. This was all that the car will ever be worth, as going back to stock would be too expensive, and it's too kludged to drive any appreciable distance. A spendy garage ornament. Well sold. #S112-1965 CHEVROLET CORVETTE convertible. S/N 194375S101776. Red/black soft top & red hard top/black vinyl. Odo: 57,550 miles. 396-ci 425-hp V8, 4-bbl, 4-sp. On display for 18 years in a Wichita, KS, restaurant. Originally a big-block car in Glen Green with green vinyl interior, now in nonoriginal colors with a big-block of unknown origin. Decent body prep, with reinforced front wheelwells and satisfactory panel fit. Nonstock chrome cowl vents. Original wheel covers, spinners lightly pitted. Moderate wear to have been judged in an NCRS event, but with no mention of when, where, or the result. Equipped with optional 245-horse dual-quad motor, both types of tops, and Wonderbar radio. Cond: 3+. SOLD AT $46,110. The $42,500 reserve showed the hit that late C1s have taken in the market. Even with two bidders chasing it past that mark, this was still 36 Corvette Market FALL 2010 www.corvettemarket.com upholstery virtually unworn. Aftermarket AM/ FM/cassette deck. Powered by a Gen III smallblock with GM Performance Ram Jet PPI fuel injection. Crunched K&N air filter. Rear suspension fitted with '79–'82 monoleaf spring. Cond: 3. NOT SOLD AT $40,000. Seen at the last two Mecum Kansas City auctions, changing owners in December '09 for $35,510 (CM# 153256) and in April '10 for $40,280 (CM# throughout replacement interior. Fitted with optional sidepipes, both types of tops, and AM/ FM radio. Cond: 3. NOT SOLD AT $41,000. The seller declared on the windshield card that this was “your chance to get a nicely restored 396/425 at a non 396 price,” and all three


Page 36

Market Report C3 #S20-1968 CHEVROLET CORVETTE convertible. S/N 194678S419093. Tuxedo Black/black vinyl/black vinyl. Odo: 28,249 miles. 327-ci 300-hp V8, 4-bbl, 4-sp. Recent frame-off restoration to show standards. Good paint application, including authentic matte-togloss transitions underhood. Still some light body wave and clearance cuts in wheelwell lips. Rechromed bumper, reproduction trim, hard top molding poorly done. New interior upholstery, uneven console re-dye. Generally Mecum Des Moines, IA points were debatable at best. Well, you get what you pay for, and today most folks spending this kind of money would rather be paying for a car that's 100% right, even if it's just for something with a small block. Thrust wheels. Custom, non-stock engine. Aftermarket steering wheel and AM/FM/cassette. Cond: 3+. SOLD AT $14,310. Customs continue to be a hard sell, especially when they have a dated look like this one did. Lots of money had been spent here, but even so, this price was all the money in the world. #F56-1975 CHEVROLET CORVETTE coupe. S/N 1Z37J5S427344. Bright Blue/blue vinyl. Odo: 82,276 miles. 350-ci 165-hp V8, 4-bbl, auto. Retrofitted with an '81-'82-style rear spoiler tail. Good repaint, door seals replaced, period replacement windshield. Good driver's door fit, some fit issues on passenger's side door and hood. Newer rocker panel trim. Mostly repop interior soft trim. Expertly of the dealers here were grumbling about not being able to buy any cars they could afford to resell. This was a good example, as it was pretty much a driver-grade used car with no real investment potential—especially at retailplus pricing. #F183-1977 CHEVROLET CORVETTE coupe. S/N 1Z37L7S401605. Corvette Tan/ brown cloth. Odo: 23,936 miles. 350-ci 180-hp V8, 4-bbl, auto. Recent repaint with good prep work and light overspray in places. Aftermarket covers stretched over worn original seats. Heavy wear on leather steering wheel rim, heavier cracking on door arm rests. Optional a/c, cruise, power windows, tilt/telescopic column, and luggage rack. Engine reportedly stock and detailed underhood. Equipped with optional power steering, AM/FM, and Rally wheels. Cond: 2. NOT SOLD AT $27,000. 1968 was both the inaugural year of the C3 and the final year for the 327 in a Corvette, with 300-hp versions as the standard. Speaking of standard, black-on-black was what a dealer would get if he ordered a Corvette and failed to specify the color, black being the default color for both paint and interior. The 4-speed helped here, but although more was likely spent on restoration, it was pretty much bid to what it's worth. #S34-1969 CHEVROLET CORVETTE Custom convertible. S/N 194679S723532. Red/red hard top & black soft top/black leather. Odo: 58,349 miles. 350-ci V8, 4-bbl, auto. Originally Fathom Green with saddle leather interior, now red with black leather. Heavily modified bodywork with fender flares, open rectangular headlights, late C3 front fascia and fenders, rear spoiler, and front fender top louvers. Stylized hood must weigh at least installed seat kits, with minimal wear since; door panels poorly installed and bent at top. Generally clean engine bay, with newer engine paint, but not authentically detailed. Exhaust system missing behind rear suspension. Cond: 3. SOLD AT $9,000. Last seen at Mecum's Bloomington Gold auction in June '10, where it failed to sell at $7,000 (SCM# 164926). Bidding was rather lackadaisical until the reserve was lifted at $7,750. Then again, the car was somewhat lackadaisical, too. Enough paid here, and the seller should be pleased. #F134-1976 CHEVROLET CORVETTE coupe. S/N 1Z37L6S426248. White/maroon leather. Odo: 89,370 miles. 350-ci 180-hp V8, 4-bbl, auto. Average body prep and repaint. Factory-standard panel and door gaps. New carpeting, interior otherwise original and quite faded, seats look almost pink. Fitted with aftermarket AM/FM/cassette deck. Newer engine rebuilt 8k miles ago, with new water pump, torque converter, hoses, belts, and battery, along with rebuilt suspension and new brakes. Overall, not neat, clean, or tidy. Cond: 3. SOLD AT $8,700. 1977 was the only year that Corvette Tan was used, and it's easy to see why it wasn't really popular. The reserve was passed at $7,500, and this price was all the money in the world. #F184-1979 CHEVROLET CORVETTE coupe. S/N 1Z8789S428976. Corvette Red/ light beige leather. Odo: 36,869 miles. 350-ci 195-hp V8, 4-bbl, auto. Originally painted Corvette Light Beige, now Corvette Red. Retains beige leather interior. Trim-off repaint with good prep work, better-than-original door gaps. Right side headlight much slower to retract than left. Interior leather OK, upholstery recently replaced. Poorly mounted aftermarket stereo in dash. Engine has L82-style valve covers and aftermarket intake and carb. Optional a/c, power windows, power door locks, and 40 pounds. Brightwork blacked out. New door seals, newer leather interior pieces. Wears performance radials on 16-inch polished Torq- 38 Corvette Market FALL 2010 www.corvettemarket.com and component repaint, but otherwise not well detailed under the hood. Rattle-can black undercarriage, rattle-can silver exhaust system. With optional a/c, interior décor group, and alarm system. Cond: 3. SOLD AT $10,000. All tilt/telescopic steering column. Cond: 3+. SOLD AT $10,600. Last seen at Mecum's Indy


Page 38

Market Report Mecum Des Moines, IA sale in May '10, where it sold at $9,000 (CM# 163439). Seen before that at Mecum's Bloomington Gold auction in June '10, where it failed to sell at that same bid (CM# 164948). The consignor made loose claims that this was both an L82 and an original Corvette Red car—both of which were easily debunked. But the $9,500 reserve was not only met, but exceeded by another two bids. Hopefully the new owner was clear on exactly what he was getting here. #S46.1-1980 CHEVROLET CORVETTE coupe. S/N 1Z878AS422720. White/burgundy leather. Odo: 90,442 miles. 350-ci 190-hp V8, 4-bbl, auto. Repaint shows mediocre masking and application, with light overspray on window seals and door glass. Inconsistent gaps. Interior heavily faded in places. Older replacement seat upholstery holding up well, but still has a case of stinky old car. Modified with Torq-Thrust-style chrome wheels, aftermarket ignition, and chrome valve covers and air and gloss. Factory optional a/c, cruise control, power locks, power driver's seat, rear window defroster, and alloy wheels. Cond: 3. SOLD AT $9,000. If you can't say anything nice, don't say anything at all. Hence, a blank card actually said a lot about this car. Bidding stalled at $8,250, but when the auctioneer dropped the reserve, one more counter-bid took it to $9k. #S163.1-1981 CHEVROLET CORVETTE coupe. S/N 1G1AY8762B5100234. Beige & brown metallic/tinted panels/beige leather. Odo: 63,906 miles. 350-ci 190-hp V8, 4-bbl, auto. Miles claimed to be actual, retains most documentation from new. Recently buffed-out original paint, typical minor warping of front and rear fascias. Minimal wear on original interior components. Modern DIN-mount stereo system in console. Clean, mostly original engine bay retains most original gold cad-wash pling on fascias. Interior wear commensurate with age. Professionally installed DIN-mount stereo in stock radio location. Clean, lightly detailed, and substantially original engine bay. Undercarriage and original exhaust system dirty but in good condition. Equipped with optional Gymkhana suspension. Cond: 3+. SOLD AT $15,370. The 1982 Collector Edition—and no other '82—was the first Corvette to have an externally accessible cargo compartment since 1962—a long overdue feature, since the rear glass fastback came out in 1978. This car was worth every penny of the $13,500 reserve, but the buyer went a little further, paying a slight premium for a not-sominty original. C4 #F53-1984 CHEVROLET CORVETTE coupe. S/N 1G1AY0787E5112208. Silver/ gray leather. Odo: 44,117 miles. 350-ci 205-hp fuel-injected V8, auto. 44,117 indicated miles believed actual since new. Most paint original, respray on nose noticeably darker. Door glass seals peeling. Factory alloy wheels shod with old, heavily worn OEM tires. Fitted with newer stock-style economy exhaust system. Generally tidy engine compartment. Moderate overall cleaner. Obnoxious exhaust note, due to slapdash aftermarket sidepipe installation. With optional a/c and tilt/telescopic column. Cond: 4+. SOLD AT $9,750. This was declared sold on Friday as lot F89 for $8,200 on the hammer, and then ran again on Saturday, earning this amount. Either price was more than fair in this market, so the seller should be pleased. #F75-1981 CHEVROLET CORVETTE coupe. S/N 1G1AY8765BS400366. White/ saddle leather. Odo: 36,470 miles. 350-ci V8, 4-bbl, auto. Older repaint with lots of undercarriage overspray and touch-ups along body edge at rear fascia. Wide door gaps, poor alignment of front and rear fascias. Has '80s vintage Alpine cassette deck, interior otherwise original. Moderate wear and fading of seats component plating. Very dusty undercarriage, moderately rusty original exhaust. With optional two-tone, a/c, rear window defroster, sport mirrors, and alloy wheels. Cond: 3+. SOLD AT $9,600. The 243rd Corvette from Bowling Green, and nearly identical to the '81 that made $40,280 at Bloomington Gold in June '10 (CM# 165055). This Iowa car, however, was in lesser condition, so it was easily distinguished from the other. Originally seen as a $9,500 no-sale on Friday (lot F165), but the seller reconsidered, re-ran it on Saturday, and took the money. A decent deal for both parties. #S30-1982 CHEVROLET CORVETTE Collector Edition coupe. S/N 1G1AY0780C5101225. Silver & beige metallic/silver, beige, & charcoal leather. Odo: 52,882 miles. 350-ci 200-hp fuel-injected V8, auto. Stated to be generally original with actual miles. Dull original paint could use a buff-out (or even a wax). Minimal color shift and rip seat wear, with holes worn through on driver's outer seat bolster. Heavier wrinkling on the leather steering wheel rim. Equipped with vintage late '80s hard mount cell phone on console. Cond: 3. SOLD AT $8,500. Even if this was supposed to be a two-tone car, the upper nose piece should have still matched the rest of the upper body. At least two people got hung up on the somewhat low mileage, and the lofty $7,500 reserve was easily topped. Sold well. See the C4 profile, p. 26. #S7-1985 CHEVROLET CORVETTE and floor. Economy-grade service components underhood, with quickie dealer-grade cleanup 40 Corvette Market FALL 2010 www.corvettemarket.com coupe. S/N 1G1YY0782F5110673. Black & silver/black vinyl. Odo: 139,555 miles. 350-ci 230-hp fuel-injected V8, auto. Dale Earnhardt tribute car from well before he became The Late Dale Earnhardt. Silver stripes faded and starting to flake, but are still in better shape than faded, baked, peeling original paint. Inconsistent gaps. Aftermarket plus-size alloy wheels protrude at least an inch past bodywork. Non-OEM replacement windshield, peeling tint film on other glass. Replacement rear vinyl seat lightly soiled. Door panels, console, and doorsills dyed silver. Cond: 4-. SOLD AT


Page 39

$3,800. Offered at no reserve. As this needed more than just a repaint, it wouldn't take too long to get upside-down here. Granted, this was the right price for the running small-block with TPI and 700R4, but then you get stuck with the rest of the car. Plenty paid. #F60-1986 CHEVROLET CORVETTE convertible. S/N 1G1YY6784G5902411. Silver/black cloth/gray leather. Odo: 122,127 miles. 350-ci 230-hp fuel-injected V8, auto. Recent, better-than-average repaint. Heavy wear on door and window seals, both emblems fading, original top moderately weathered. Modified inside with woodgrain dashboard, CD stereo, console fascia kit, console pad (matching repro seat leather), and recent replacement carpeting kit. Recent engine bay Last seen at Mecum's Bloomington Gold auction in June '10, where it failed to sell at $5,600 (CM# 164990). While this would've been a buy at $7k (where the reserve was dropped), several parties were overtaken with auction fever, and they kept fighting until it sold for a retailplus price. #S35.1-1993 CHEVROLET CORVETTE coupe. S/N 1G1YY23PXP5110303. Quasar Blue Metallic/gray leather sport. Odo: 22,596 miles. 350-ci 300-hp fuel-injected V8, auto. Seller attests that miles are actual, and that the car is essentially original. Well-kept paint shows minimal orange peel and polishing swirls. Original tires heavily worn. Interior original in excellent condition, console cover slightly warped. Fitted with aftermarket clear plastic door sill protectors. Very original and stiffer and steering wheel glossier than expected. Optional dual power seats, Delco/Bose cassette and CD stereo, and electronic climate control. Cond: 2. NOT SOLD AT $17,500. GM called it Black Rose Metallic, but it sure looks like purple to me. While the miles were low, the car had seen some light use—this was no pickled virgin—and so I'll call the $19k+ reserve a bit steep. Like lot S35.1, the final bid was about right for the car. #F76-1996 CHEVROLET CORVETTE convertible. S/N 1G1YY32P9T5119253. White & black/black cloth/tan leather. Odo: 33,853 miles. 350-ci 300-hp fuel-injected V8, auto. Black Grand Sport-style hash marks added at front wheelwell over original paint. Newer replacement top nearly unworn, interior condition commensurate with miles. Freshly cleaned up engine compartment has all OEMtype components. Equipped with optional dual cleanup, mufflers rusting out. Older replacement tires on original alloy wheels. With factory optional power driver seat, power door locks, and cruise control. Cond: 3. SOLD AT $9,500. Like all convertibles for 1986, this came equipped with the “Indy Pace Car” package—which, in this case, amounted to nothing more than a small console badge. Just when I thought this was looking a little expensive, the consignor dropped the reserve at the last bid, and it went even higher. Sold well. #F143-1988 CHEVROLET CORVETTE coupe. S/N 1G1YY3182J5122387. Black/ black cloth/black leather. Odo: 63,780 miles. 350-ci 240-hp fuel-injected V8, auto. Old repaint, with heavy crazing on front and rear fascias. Emblems and side marker lights fading. New replacement top and seat upholstery expertly installed. Aftermarket plastic door sill protectors, center console upholstered pad, and embroidered floor mats. DIN-adapter kit with modern CD sound system in the stock radio location. Good engine bay cleanup and light detailing. Dusty undercarriage. Fitted with later C4 chrome alloy wheels on new performance rubber. Cond: 3-. SOLD AT $10,865. detailed engine bay. Optional dual power leather sport seats, blue tinted roof panel, Delco/Bose cassette and CD stereo system, and electronic climate control. Cond: 2-. NOT SOLD AT $13,000. With 683 units so painted, this was the second rarest color offered in 1993. As this was better than a lightly used used car, and due to some increases in minty low-mile late C3s, I can see why the consignor would hold out for his $15,500 reserve. However, if he needed to get rid of it, the final bid would not have been out of line. #S37-1994 CHEVROLET CORVETTE convertible. S/N 1G1YY32P9R5112697. Black Rose Metallic/black cloth/black leather. Odo: 10,549 miles. 350-ci 300-hp fuel-injected V8, auto. Claimed all original with actual miles. Superbly maintained original paint, original top has apparently never been lowered and is neither wrinkled nor weathered. Save for fresh Interstate battery, engine compartment is stock and as clean as when it left the factory. Interior like new, although wrinkled seats are power sport seats, electronic climate control, Delco/Bose cassette and CD stereo. Wears newer non-OEM performance tires on stock rims. Cond: 2-. NOT SOLD AT $15,000. This low-mile final-year C4 was not the $20k car the seller believed it to be at Mecum's Kansas City auction in March 2009 (a no-sale at $14,500, CM# 120123), but it did sell at $17,490 at Mecum's Bloomington Gold auction in June '09 for $17,490 (CM# 120765). Lightning didn't strike twice, so back on the trailer it went. C5 #F61-2000 CHEVROLET CORVETTE convertible. S/N 1G1YY32G3Y5109518. Black/black cloth/black leather. Odo: 91,023 miles. 5.7-L 345-hp fuel-injected V8, auto. Good, mostly original paint. Driver's door sagging slightly, but gaps are good when shut. Original top lightly weathered. Carpet worn, www.corvettemarket.com FALL 2010 Corvette Market 41


Page 40

Market Report Mecum Des Moines, IA seat bottom wrinkled. High-gloss worn finish on leather steering wheel rim. Bone-stock engine bay well kept, with GM Campaign sticker indicating recall work. Factory-optional all interior wear, with only moderate wrinkling of driver's seat bottom. Aftermarket high-rise hood, Z06 body opening mesh grilles, crossdrilled brake rotors with Z06-style calipers, memory package, Active Handling, dual power sport seats, dual zone a/c, and in-dash CD with remote 12-disc changer. Aftermarket Z06-style chrome alloy rims, well-used rubber. Cond: 3-. SOLD AT $15,900. Well, here's another one that had exactly nothing for a description on the auction card. Seen recently at the Kansas City Mecum auction in December '09, where the reporter wrote “seller should have cut it loose” at $14k (CM# 154539). Well, the seller made that price and just a little more here. With thousands of Y2K C5s to choose from in the retail world, this was sold well. See the C5 profile, p. 28. #S32.1-2000 CHEVROLET CORVETTE coupe. S/N 1G1YY22G3Y5122635. Black/ black leather. Odo: 55,386 miles. 5.7-L 345-hp fuel-injected V8, 6-sp. Well-cared-for original paint shows minimal polishing swirls, clean engine compartment generally original. Typical road dust on undercarriage. Wear generally commensurate with or light for a 55kmile car. Equipped with tinted roof panel, power standard driver's seat, floor mats, body Blackwing air cleaner feeding a Magna supercharger, tube headers, stainless exhaust, and Doug Rippie tuning. Stock options include memory package, Millennium Yellow paint, chrome rims, and 1SC Preferred equipment group. Tires bald. Cond: 2-. NOT SOLD AT $25,000. Last seen at Mecum's St Paul auction in June '10, then a no-sale at $28,090 (CM# 164524). Not surprising that the seller held onto it again for less money, even if it should have been enough. #S60-2003 CHEVROLET CORVETTE Z06 coupe. S/N 1G1YY12S735115470. Torch Red/red & black leather. Odo: 30,644 miles. 5.7-L 405-hp fuel-injected V8, 6-sp. Well-kept original paint with usual stock light orange peel. Plastic cowl trim panel slightly chalky, engine bay clean, stock, and like new. Replacement tires have a few miles on them. Bone-stock interior shows a bit more wear and accents on dashboard, console, and door panels. Stock equipment includes chrome alloy wheels, Head-Up display, memory package, CD stereo, and electronic dual zone climate control. Cond: 2-. NOT SOLD AT $75,000. The glovebox was locked, preventing verification of factory-installed configuration. Unit 141 of 180 converted by AAT as of this year. I've been seeing quite a few of these C5s with an identity crisis lately. This one—like most— hadn't seen much use, so maybe the novelty just wears off quickly. Final bid was in the range of what they generally fetch nowadays. C6 #S16-2005 CHEVROLET CORVETTE coupe. S/N 1G1YY24UX55105278. Black/ black leather. Odo: 22,776 miles. 6.0-L 500-hp fuel-injected V8, 6-sp. Over $20k reportedly spent on engine mods, including upgraded pistons, injectors, Halltech induction, FAST intake manifold, Granatelli MAF sensor, tube headers, and Bassani stainless exhaust. Brakes stock, with Z06-style painted calipers. Original paint shows light scuffing. Tint film on door and hatch glass. Interior wear commensurate side moldings, Twilight Sentinel, Head-Up display, single-disc CD stereo, Z51 Performance Suspension, and chrome alloy wheels. Cond: 3. NOT SOLD AT $18,750. Last seen at Mecum's Bloomington Gold auction in June '10, where it sold at $19,080 (CM# 165029). On the block, the reserve price was stated to be over $20k, but this bid was really all the money in today's market. #S105.1-2002 CHEVROLET CORVETTE convertible. S/N 1G1YY32G225119562. Millennium Yellow/black cloth/black leather. Odo: 28,801 miles. 5.7-L 400-hp fuel-injected V8, 6-sp. Good original paint, original cloth top and seals worn just minimally. Light over- 42 Corvette Market FALL 2010 www.corvettemarket.com soiling than expected on a 30k-mile car. Aftermarket carpeted logo floor mats. Equipped with optional memory package, Head-Up display, and black/red interior trim package. Cond: 2-. SOLD AT $27,560. This was a no-sale at $24,500 when it crossed the block, with the auctioneer noting that it would take closer to $30k for the seller to let it go. It was declared sold post-block shortly thereafter at $26k before commission—which is, I suppose, closer to $30k. #S53-2004 CHEVROLET CORVETTE 1953 Commemorative Edition convertible. S/N 1G1YY32G845130598. Polo White/black cloth/red leather. Odo: 18,646 miles. 5.7-L 350-hp fuel-injected V8, auto. Paint and trim like new, with good fit and finish. Inspection stamps still visible on original Goodyear sidewalls. Dusty interior, but good workmanship to modified interior done in red with white with mileage, blotchy passenger's dashpad, holes in carpet where roll bar was mounted. Optional selective dampening and heated seats. Cond: 3. NOT SOLD AT $25,000. Seen by CM twice this year. At Branson in April, it failed to sell at $26k (CM# 160461), and at Mecum's Indy sale in May, it stalled at $22k (CM# 162709). Now without the bad-boy graphics and racer-boy interior, plus an added fuel filler door, interest was still low, thus reconfirming the proven rule that if you must customize your car, don't expect any return on it when it's time to sell.■


Page 42

Market Report Carlisle Auctions Carlisle, PA Fall Carlisle 2010 Corvettes were once again a strong portion of the total sales at Carlisle's auction. Fourteen crossed the block, and seven found new homes Company Carlisle Auctions Date September 30–October 1, 2010 Location Carlisle, Pennsylvania Auctioneers Jeffrey Knosp & Brent Earlywine Overall cars sold / offered 143/271 Total sales rate 53% Sales total $2,194,164 Corvettes sold / offered 7/14 Corvette sales total $246,803 Corvette high sale 1965 327/375 Fuelie convertible, $90,300 Buyer's premium 1965 convertible sold for $57,750 Report and photos by Chip Lamb Market opinions in italics the auction and the mountains of parts across the street, a sizeable car corral on the show field also attracts many private buyers as well as dealers from throughout the region, if not the entire world, who also come for Hershey the following weekend. Once again, Corvettes that might have been at the Corvettes at Carlisle feature auc- F tion, which for two years accompanied August's Corvette-only swap meet and show at the fairgrounds, were split between the Spring and Fall auctions. Corvettes were once again a strong portion of the total sale, numbering fourteen in all, of which half found new homes either across the auction block or in immediate post-block negotiations. Highest among these and the high sale of Overall Sales Total $2m $1.5m the cumulative results was a fresh restoration of a Nassau Blue 1965 Fuelie convertible. Described by its consignor to be numbersmatching and sporting the rare and desirable high-compression 327/375 engine with Rochester fuel injection and a Muncie 4-speed manual, it had been here in the spring where it 44 Corvette Market FALL 2010 www.corvettemarket.com 2010 2009 2008 2007 2006 $1m or the fifth consecutive year, Carlisle Events presented its two-day Fall auction in conjunction with the large all-make swap meet at the fairgrounds across the street. Held in Carlisle's Expo Center, another Carlisle Events property, the walkthrough traffic never fails to impress those who come to bid and buy. Apart from failed to find new ownership. With some competition in the C2 category that included a big-block 427 convertible and a Fuelie coupe, however, this showed itself to be the bidders' favorite by show of hands. Runners-up among the sold Corvettes included a 1965 big-block convertible, also in Nassau Blue with a white top and blue interior but a non-original engine, which sold for $57,750 including commission, as well as an as-new 2009 C6 convertible in maroon metallic with the deluxe LT4 interior package and paddle-shift 6-speed automatic transmission. With just over 2,000 miles and no apparent flaws, it was well bought at $41,475 all-in. Once again, quality examples from all generations of $500k the Corvette at Carlisle's auction continue to improve in scope. It would seem that the company has continued to embrace its place in the auction spectrum with aplomb, and it has become more and more service-oriented as the years progress. This is quite important in the grand scheme of things, for while the heart of the activity continues to be across the street at the fairgrounds, there continue to be more than a few high-quality cars and willing buyers at the Expo Center. ■ 0 5%, included in sold prices


Page 44

Market Report C1 #F178-1954 CHEVROLET CORVETTE roadster. S/N E54S003557. Pennant Blue/tan cloth/tan vinyl. Odo: 185 miles. 235-ci 155-hp I6, 3x1-bbl, auto. Concours-quality older restoration has unwound, with some later touchup work on certain panels. Chrome and brightwork remain preserved to a high standard. Interior restoration comprehensive and exhibits little if any wear. Engine compartment Carlisle Auctions Carlisle, PA price of this adequate driver-condition '65. Not overly well sold, but somewhat for sure. #F159-1965 CHEVROLET CORVETTE coupe. S/N 194375S112105. Glen Green/ black vinyl. Odo: 66,136 miles. 327-ci 375-hp fuel-injected V8, 4-sp. Older high-quality respray exhibits shrinkage around numerous evident body repairs. Glass tidy and original, apart from rear window scratches. Bumpers wavy—likely rechromed originals, brightwork original and surprisingly good. Nice older least told their friends. A pretty car with plenty of documentation, it sold just under market price for its excellent condition. #F155.1-1967 CHEVROLET CORVETTE convertible. S/N 194677S117208. Marina Blue & black/black vinyl/blue vinyl. Odo: 31,818 miles. 427-ci 390-hp V8, 4-bbl, 4-sp. Older comprehensive restoration with evidence of front clip repairs and some heavy polish marks. Paint shrinkage evident throughout, heavy wear at rear hard top seating point. Chrome redone and well-preserved, brightwork sports a high-quality detailing with some age apparent. Cond: 2. NOT SOLD AT $75,000. Back in the days of the $300,000-$400,000 1953 Corvette, a few 1954s commanded some pretty high prices. Pennant Blue is sure pretty on these and the 1955s as well, but I'd rather have a V8 at this bid. Thus, I would imagine just about everyone else stopped at an ‘all-in' number around $80,000, leaving this car unsold. C2 #T89-1965 CHEVROLET CORVETTE convertible. S/N 194675S120887. Nassau Blue/white vinyl/blue vinyl. Odo: 82,346 miles. 396-ci 425-hp V8, 4-bbl, 4-sp. Older body-on restoration has unwound a bit. Panel fit off at driver's door and front of hood. Finish quality uniform but with some shrinkage and light dirt in the finish. Reproduction bumpers, original brightwork, reproduction sidepipes round out the exterior. Newer top fits but leaks interior without any major issues. Engine bay sports an older, high-quality detailing. Cond: 2-. NOT SOLD AT $66,000. The second of two older restorations fielded by this same attentive consignor/dealer (F155.1 also). It would seem that both cars were likely sitting on full retail reserve prices, as this top bid ought to have bought this car. There was plenty to do—or redo—here to make anyone think twice about going past this bid. #F186-1965 CHEVROLET CORVETTE convertible. S/N 194675S111601. Nassau Blue/white vinyl/white vinyl. Odo: 183 miles. 327-ci 375-hp fuel-injected V8, 4-sp. Very high-quality restoration exhibits uniform paint and excellent panel gaps. Excellent chrome and brightwork show just slight markings and fit issues around windshield. Interior masterfully executed, with seats, dashboard, gauges and even the accessory floor mats pristine. Engine bay well-detailed, with only minor original with some polishing marks. Interior remains nearly as-restored, AM/FM radio and rosewood wheel help to dress it up. Engine bay shows an older detailing. Cond: 2-. NOT SOLD AT $75,000. While a bit forlorn in some areas, this car did wear original sidepipes along with its numbers-matching powertrain. Heavy and fast, and it's also nice to have power steering and brakes along for the ride. In this day and age, the high bid was not far off. I wonder how much more it would have taken to make it happen. C3 #T69-1969 CHEVROLET CORVETTE convertible. S/N 194679S722285. Cortez Silver/black vinyl/black vinyl & cloth. Odo: 62,732 miles. 350-ci 300-hp V8, 4-bbl, 4-sp. Older driver-quality repaint over a stock, unmolested body. Color resprayed heavily into jambs. Chrome redone or replaced, brightwork original with slight pitting evident. Newer black top exhibits light use. Interior tidy with headrest-equipped buckets, original console in heavy rain. Older seat covers and carpet, original center console. Engine bay exhibits recent hoses and battery but no comprehensive detailing. Cond: 3. SOLD AT $57,750. The consignor wasn't sure of the pedigree of this big-block, so I was a bit surprised with the sale 46 Corvette Market FALL 2010 www.corvettemarket.com aging apparent to certain soft parts. Cond: 2+. SOLD AT $90,300. The high sale of all 271 cars to cross the block, this '65 Fuelie didn't get it done this spring when it was last here, but apparently a few people remembered the opportunity they missed and came back—or at and carpets likewise. Engine bay undetailed, with all parts present and not particularly dirty.


Page 46

Market Report Carlisle Auctions Carlisle, PA Cond: 3+. SOLD AT $18,795. Quite the honest driver-condition car here, with a long history in a local Pennsylvania collection to back it up. This may have been a factory a/c car, or one that someone wanted to convert to a/c at one time, as the bracket was there on the engine, but it was unclear just what direction that was going in. In any event, a nice price for a decent car that wouldn't take much to advance a bit more. #F144-1971 CHEVROLET CORVETTE convertible. S/N 194671S104604. Dark blue metallic/white vinyl/blue vinyl & cloth. Odo: 80,823 miles. 350-ci 270-hp V8, 4-bbl, auto. Older respray exhibits numerous flaws, likely done body-on a decade or more ago. Top tonneau sits high, doors and clips as factory built. Chrome redone, brightwork original. Newer convertible top. Seats potentially recovered, ingly well-detailed. Cond: 3+. SOLD AT $18,270. With a/c and an automatic, this was a nice boulevard cruiser from the final year of C3 convertible production, but hardly a barnstormer. I was surprised at this result for what was no more than a fun weekend car. Slightly well sold. #F183-1978 CHEVROLET CORVETTE Anniversary coupe. S/N 1Z87L8S430697. Silver & gray/oyster leather & gray cloth. Odo: 11,860 miles. 350-ci 185-hp V8, 4-bbl, auto. Comprehensively original front to back. Paint exhibits light fading with factory gaps. Trim and emblems crisp, brightwork decent. Both glass and fiberglass T-tops on and in car. Unusual oyster leather with gray cloth seats, reason the paintwork was not deemed original was that it was a shade too good all the way around. If it was original, it must have been a particularly good day in St. Louis when this went through the paint shop. 1981 was the last year for an available manual transmission throughout the entire model year, but that was not present on this example, likely holding it back as much as the L48 standard horsepower small-block. C4 #F243-1984 CHEVROLET CORVETTE coupe. S/N 1G1AY0781E5141753. White/ maroon leather. Odo: 107,739 miles. 350-ci 220-hp fuel-injected V8, auto. Older respray exhibits a few tape marks on trim and deteriorated weatherstripping. Trim weathered. Maroon interior original and faded, leather dry and cracking on driver's seat. Steering wheel rough, with loose horn button. Engine bay undetailed and shows its age and mileage, yet exhibits some fresher maintenance items remainder of interior original. Engine compartment not detailed but clean, with factory a/c. Cond: 3. NOT SOLD AT $13,000. Merely a driver example, this found no takers beyond a certain point. The average condition, combined with a less-than-exciting color combination, no doubt contributed to this outcome, and it's unclear how much better this car may do elsewhere—or in the future. #T42-1975 CHEVROLET CORVETTE convertible. S/N 1Z67J5S432697. Red/white vinyl/tan vinyl. Odo: 86,313 miles. 350-ci 180hp V8, 4-bbl, auto. Newer red respray heavy but uniform and well-finished. White top out of keeping with red exterior and tan interior. Brightwork about average and appears original. Interior remains in driver-quality good carpet, some wear to center console. Engine repainted, remainder original and still very clean and unmarked. Cond: 2-. SOLD AT $14,700. A good result for a standard horsepower automatic Anniversary Corvette. An L48 automatic car wouldn't have been my choice, but as a gap filler in a Corvette collection, this was not a bad car, with very nice patina inside and out. Well bought and sold. #T29-1981 CHEVROLET CORVETTE coupe. S/N 1G1AY8767BS429087. Tuxedo Black/black vinyl. Odo: 42,267 miles. 350-ci 180-hp V8, 4-bbl, auto. High-quality respray in places, if not comprehensive, with no evident flaws. Crisp trim, brightwork and emblems all well-preserved. Unmarked factory alloys still have plenty of luster. Stripped-down interior with black vinyl seating surfaces still fresh. Nice dash, console and seats. Engine such as spark plug wires. Cond: 3-. SOLD AT $5,513. I contest that these first year Corvettes are not throw-away cars; the purity of concept is here and began to fade away in the years that followed. A little TLC and attention to detail could go a long way—if not today, then at least down the road. These cars are still selling squarely in the $5,000 range as drivers, and while this wasn't the best one out there, it wasn't a bad deal either. condition with its original tan vinyl seats, dashboard and carpet. Engine compartment surpris- 48 Corvette Market FALL 2010 www.corvettemarket.com compartment very tidy and original, with all correct finishes and emissions controls present. Cond: 2+. NOT SOLD AT $14,500. The only #F251-1990 CHEVROLET CORVETTE ZR-1 coupe. S/N 1G1YZ23J8L5800344. Red/ red & blue glass/red leather. Odo: 2,157 miles. 350-ci 375-hp fuel-injected V8, 6-sp. Factory paintwork shows typical mismatching front to rear. No flaws apparent, apart from light scratches to door glass. Interior as-new throughout. Engine compartment undetailed and very original, light pitting to pot metal cast throttle body. Cond: 1-. NOT SOLD AT $18,500. Last seen at Barrett-Jackson's Las Vegas sale in October '09, where it was sold as a pair with a 2009 ZR1 for $102,850 (CM# 148840). This was another in-the-wrapper first-year ZR-1, now 20 years on from when it was new. Barely enjoyed, it found no takers anywhere near a reasonable selling price.


Page 47

injected V8, auto. Flawless, like-new paint throughout. Body perfect. Cloth top clean and likely rarely raised. Opulent all-leather Perhaps this is the fate of these one-time instant collectibles. Time will tell if interest in them grows, or if they just fall flat. C5 #T12-2004 CHEVROLET CORVETTE Z06 coupe. S/N 1G1YY12S545130857. Blue & silver/black leather. Odo: 6,653 miles. 5.7-L 405-hp fuel-injected V8, 6-sp. Factory finish throughout, with only minor chips to mirrors and front bumper from flying road debris. Slight entry wear to driver's seat, otherwise, this looks and smells like new. Light use evident under the hood, undetailed and not in need of much. Cond: 2+. NOT SOLD AT $29,000. While it may seem like a good deal at the top bid for a few moments, this is now a nearly seven-year-old car. And while 6,000 miles is reflected well in this car's condition, the owner might have considered using the car a bit more. High bid should have been close enough to get it done. C6 #F193-2009 CHEVROLET CORVETTE convertible. S/N 1G1YY36W295105544. Maroon metallic/black cloth/black & tan leather. Odo: 2,081 miles. 6.2-L 430-hp fuel- two-tone interior extends to dashboard top, carbon-fiber fascia and surround. Engine compartment exhibits only light use. Cond: 1-. SOLD AT $41,475. Had to get this fired up to read the odometer. This has been sitting a while, and I also confirmed the tire pressure monitoring works—3 out of 4 tires were pretty low. Actually not a bad buy on a year-old highoption Corvette convertible. Well bought. ■ www.corvettemarket.com FALL 2010 Corvette Market 49


Page 48

Market Report T Global Roundup Corvettes across the block 104 Corvettes, $5.8m in Sales he summer months are by far the best time to own a Corvette. These buyers were in the market for everything from drivers to NCRS Top Flight and Bloomington Gold-certified examples. They had plenty of choices at auctions spanning the U.S. and Europe. CM's auction analysts were again out in force, and their on-site evalu- ations make up the majority of this issue. We hope their analysis of each car helps you to understand the current market for collectible Corvettes, and gets you thinking about what you want to look for at the Scottsdale auctions. Auctions Covered This Issue: Bonhams, Chichester, UK, 7/2/2010—Paul Hardiman Artcurial, Paris, FRA, 7/9/2010—Jérôme Hardy RM Auctions, Rochester, MI, 7/24/2010—Donald Osborne Silver Auctions, Reno, NV, 8/5/2010—Ian Anderson Bonhams & Butterfields, Carmel, CA, 8/12/2010—Donald Osborne Russo and Steele, Monterey, CA, 8/12/2010—Raymond Nierlich Mecum Auctions, Monterey, CA, 8/13/2010—Paul Duchene RM Auctions, Monterey, CA, 8/13/2010—Carl Bomstead Gooding & Company, Pebble Beach, CA, 8/14/2010—John L. Stein Worldwide Auctioneers, Auburn, IN, 9/2/2010—B. Mitchell Carlson Auctions America, Auburn, IN, 9/2/2010—B. Mitchell Carlson Branson, Branson, MO, 9/10/2010—Leslie Roberts Bonhams, Reims, FRA, 9/11/2010—Jérôme Hardy Mecum Auctions, St. Charles, IL, 9/16/2010—Dan Grunwald Barrett-Jackson, Las Vegas, NV, 9/23/2010—Dan Grunwald Silver Auctions, Portland, OR, 9/25/2010—Paul Duchene Market opinions in italics C1 TOP 10 No. 3 #239-1953 CHEVROLET CORVETTE roadster. S/N E53F001199. Polo White/black vinyl/ Sportsman Red vinyl. Odo: 24,698 miles. 235ci 150-hp I6, 3x1-bbl, auto. One of the first 300 Corvettes built, all of which were destined for the rich and famous for maximum publicity. An original car until 2004, when it was discovered and was given a cosmetic restoration. TOP 10 No. 2 #46-1953 CHEVROLET CORVETTE roadster. S/N E53F001274. Polo White/black cloth/ red vinyl. 235-ci 150-hp I6, 3x1-bbl, auto. Recently restored by a shop that specializes in 6-cylinder Corvettes. Authentically restored body tub, with factory-typical light waviness and fabric weave under paint. All chrome replated to proper non-show quality brilliance. Dull, fading taillight lenses, light wrinkling of new top. Original door knobs have light yellowing in contrast to the repo dashboard fittings. Clean and authentically detailed engine new it would have been hard pressed to be a #2. The consignor cut it loose at the end of bidding for a selling price that was a touch under what I would have expected. Worldwide Auctioneers, Auburn, IN, 9/10. #241-1954 CHEVROLET CORVETTE roadster. S/N E54S004610. Polo White/beige/ red vinyl. Odo: 21,541 miles. 235-ci 150-hp I6, 3x1-bbl, auto. Variable panel fit, per factory. Good paint shows light polish scratches, some rubs, and a few small stress cracks. Very good chrome and interior. AACA Jr, Sr, President, and Grand National winner, 1987-88, 2005 Top Flight award. Cond: 2-. SOLD AT $77,000. A very good older restoration still holding up well. The '54 is considered the lightly loved middle child, between the '53 and the '55, and as such, they offer a discount to entry for the C1 admirer, as long as expectations for resale are kept realistic. Sold for $88,000 at Barrett Jackson's 2007 Scottsdale sale (SCM# 44030), and market priced today. RM Auctions, Rochester, IL, 7/10. #17-1954 CHEVROLET CORVETTE roadster. S/N E54S003167. Sportsman Red/ beige cloth/red vinyl. Odo: 45,975 miles. 235ci 150-hp I6, 3x1-bbl, auto. Claimed to be both originally Sportsman Red and a Bloomington Gold award winner, but without proof in either case. Authentically restored, with original body wave and light hint of fiberglass weave. Repaint superior to factory application. Concours-quality engine bay restoration, with correct late-production chrome valve cover and dual air cleaners. Modern 6-volt battery. Attractive, but far from show quality. Typical fit issues, paint just OK, brightwork has an edge. Newly installed seats, engine clean with no fluid issues noted. A fun, straight-line Corvette. Cond: 2-. SOLD AT $220,000. Prices on these have been a bit soft of late, and this sale continues the trend—a few years back, another $50k or so would not have been out of line. Timing is everything. RM Auctions, Monterey, CA, 8/10. 50 Corvette Market FALL 2010 www.corvettemarket.com bay and undercarriage. Cond: 2-. SOLD AT $247,500. So far, the car has not been shown at any venue, let alone judged by the NCRS or Bloomington Gold. Not glitzy or overdone, this was done very faithful to the 58-year-old original build methods—truly a restoration, in lieu of the glamor jobs that are generally called restorations. In that vein, it really is a #2 condition car, despite being freshly done, as when Expertly installed reproduction interior soft trim and top, clean undercarriage. Cond: 2+. NOT SOLD AT $58,000. Since no one really knows exactly how many or even which ones were painted Sportsman Red, one can pretty much restore a car in it and get away with it. I'm not saying that was the case here, but it explains why others give pause on bidding on a


Page 50

Market Report Global Roundup Corvettes across the block non-Polo White '54. If I restored one that had tactile proof of originally being red (i.e. red paint in inaccessible areas), I'd sure as heck make it a point to show at least images of said areas. With that in mind, it's easy to see why it only was bid to this amount. Worldwide Auctioneers, Auburn, IN, 9/10. #648.1-1954 CHEVROLET CORVETTE roadster. S/N E54S003591. Red/red vinyl. Odo: 52,060 miles. 5.7-L 350-hp fuel-injected V8, auto. All new paint, chrome and interior with LS1 running gear and power disc brakes. Aluminum radiator. New radio and billet banjo steering wheel. Wide whitewalls on modern perfect spot. But I'd still call it well sold. Mecum Auctions, Monterey, CA, 8/10. #F269-1956 CHEVROLET CORVETTE convertible. S/N E56S003307. Blue & silver/ tan/red vinyl. Odo: 43,244 miles. 265-ci 225hp V8, 2x4-bbl, 3-sp. A 2005 NCRS Top Flight car. Has a couple of small paint chips on nose. All good chrome, including windshield header and trim. Good trim fit. Wide passenger door 4-speed, and 15-inch wheels. Aftermarket radio installed, but original comes with car. Cond: 2-. SOLD AT $63,250. I would call this well bought, as the issues were all minor. Another $10k would not have been out of line, considering the desirable options. RM Auctions, Monterey, CA, 8/10. tires. Cond: 1-. SOLD AT $88,000. Last seen at Russo and Steele's Scottsdale sale in January '08, where it sold at $82,500 (CM# 51829). Tastefully done, this stock-looking '54 is sure to surprise many late-model Corvettes on the road. A fair price paid. Barrett-Jackson, Las Vegas, NV, 9/10. #S112-1955 CHEVROLET CORVETTE roadster. S/N VE55S00194. Gypsy Red/white canvas/cream vinyl. Odo: 61,128 miles. 265-ci 195-hp V8, 4-bbl, 3-sp. Good repaint of an original car back in the 1960s, now aging after sitting for 50 years and probably needs to be restored. Mileage could very well be original. Typical body panel fit, trim dented, plastic body seams showing. Upholstery looks to date from same time, top is even older. One of 693 gap in front. Cond: 1-. SOLD AT $60,500. This was one of the nicest at Mecum's sale, and it featured a very pleasing color combo. A proper transaction, and both buyer and seller should be smiling. Mecum Auctions, St. Charles, IL, 9/10. #F167-1957 CHEVROLET CORVETTE convertible. S/N E57S191923. Venetian Red & white/white vinyl/red vinyl. Odo: 3,611 miles. 283-ci 245-hp V8, 2x4-bbl, 3-sp. Frameoff restoration of matching-numbers car, 3,611 miles since. Lovely paint in great colors, panel fit typical, good chrome and tidy interior with Wonderbar radio. One of 713 cars in Venetian Red, and one of 1,200 with manual transmission. Fitted with off-road exhaust. A California noted on convertible top. Cond: 1-. SOLD AT $104,500. A few years ago this would have come close to the $150k mark, but the Corvette market is not what it once was. Still, this could have brought $10k-$15k more, and I don't think the late hour at which it crossed the block was any help. Well bought. RM Auctions, Monterey, CA, 8/10. car that's been in Arizona for the past decade, so there should be no rust concerns. Cond: 1-. SOLD AT $67,310. A pretty car with a photodocumented restoration, which certainly helps a car find buyers. The color probably sold it, but the CM market price range is $50k-$95k, so I'd say the buyer got a rather good deal. Mecum Auctions, Monterey, CA, 8/10. V8 Corvettes in 1955, and one of 19 cars with the 3-speed. Cond: 3. SOLD AT $106,000. If the new owner's restoration is very well done, he may see his money back eventually, but I'd be surprised. This was only the first check he'll be writing of many. The question is where do you stop? At this point, he's in for the long haul. On the other hand, if he wants his own '55 V8 that hasn't been messed with, he's in a 52 Corvette Market FALL 2010 www.corvettemarket.com CORVETTE convertible. S/N E57S104301. Onyx Black & silver/red vinyl. Odo: 879 miles. 283-ci 270-hp V8, 2x4-bbl, 4-sp. Restored by Classic Restorations in the mid'90s, with only 879 miles since. Attractive package, though with several areas of orange peel noticed and windshield delaminating along edge. Equipped with dual 4-bbl carbs, Best Buy #207-1957 CHEVROLET #E735-1957 CHEVROLET CORVETTE convertible. S/N E57S104274. Inca Silver & ivory/black vinyl/red vinyl. Odo: 395 miles. 283-ci 283-hp fuel-injected V8, 4-sp. Said to be restored for use rather than for show, which explains the modern retro-style AM/FM/cassette deck and radial tires. Most inherent #378-1957 CHEVROLET CORVETTE convertible. S/N E57S102794. Polo White & silver/white vinyl/red vinyl. Odo: 3,045 miles. 283-ci 283-hp fuel-injected V8, 4-sp. A well presented example of one of only 713 283/283 Fuelies that left dealer showrooms in 1957. Scored 99.2% in NCRS judging and received a Top Flight award. Excellent fit and finish, stain


Page 52

Market Report Global Roundup Corvettes across the block body wave worked out, yielding a good base for the repaint. Mostly reproduction brightwork. No discernible interior wear. Nearly concours-grade engine bay detailing, undercarriage glossy black. Hard top included along with soft top, but is not on site. Odometer reset to zero miles at restoration. Cond: 2+. NOT SOLD AT $90,500. I actually thought this was too nice to use as a driver car, despite the restorer's stated aim. Most folks willing to pony up $90k for a '57 are looking to buy a show car that they might use as a driver once it's done winning trophies, so I didn't expect the price to go higher than this. The not-always-user-friendly Fuelie unit didn't help either. Auctions America, Auburn, IN, 9/10. #19-1957 CHEVROLET CORVETTE convertible. S/N E57S100230. Ivory/black vinyl/red vinyl. Odo: 51,887 miles. 283-ci V8, 4-bbl, 3-sp. Fresh from a high level nut-andbolt restoration in the U.S., and absolutely gleaming throughout. Probably better than when delivered new. Twin carbs, equipped with 3-speed stick, and both hard and soft here to bring a big sale price. Barrett-Jackson, Las Vegas, NV, 9/10. #S625-1958 CHEVROLET CORVETTE convertible. S/N J58S106688. Light blue metallic & white/white vinyl/blue vinyl. Odo: 3,524 miles. 283-ci 245-hp V8, 4-bbl, auto. Recently completed $75,000 frame-off restoration. Receipts provided. Very good body, paint, and chrome. Interior excellent. No power steering or power brakes. Optional tachometer, Wonderbar radio. Cond: 1-. SOLD AT $61,600. Last seen at Russo and Steele's #S141-1958 CHEVROLET CORVETTE convertible. S/N J58S102422. Signet Red & white/black canvas/red vinyl. Odo: 3,116 miles. 283-ci 283-hp fuel-injected V8, 4-sp. Shiny older repaint showing some age. Good panel fit, excellent colors, good plating except for missing front license plate bracket. Top wrinkled from being folded down for an Scottsdale event in January '10, where it reportedly failed to sell at $66,000. Winner of “the car I'd most like to cruise Palm Springs in” at this particular auction. Very pretty color combination will be a hit with the ladies, and the drum brakes and 2-speed “Powerslide” automatic will rule out any hard driving in this one. Purchased for less than the cost of restoration, so I'd call it well bought. Russo and Steele, Monterey, CA, 8/10. tops. But no radio, no heater, and no two-tone. Cond: 1-. SOLD AT $85,607. If you ask me, this just wasn't flashy enough for a '57, but it still managed to do OK, bringing about what it would in the U.S. Add in the shipping and import duties, and this was a very fair deal. Bonhams, Reims, FRA, 9/10. TOP 10 No. 9 #651.1-1957 CHEVROLET CORVETTE convertible. S/N E57S104336. Black & silver/black vinyl/red vinyl. Odo: 11,508 miles. 283-ci 283hp fuel-injected V8, 4-sp. Most chrome new with some older trim showing light scratching. Mostly new factory-style interior and detailed TOP 10 No. 4 #S646-1958 CHEVROLET CORVETTE convertible. S/N 103413. Tuxedo Black/red vinyl. Odo: 64,756 miles. 283-ci 315-hp fuel-injected V8, 4-sp. Freshly over-restored example. Bodywork, gaps, and black paint all fantastic. Exceptional chrome by Christensen Plating. Excellent interior. Restored with many N.O.S. parts. Optional clock, tachometer, radio, and heater. Matching-numbers 283 with Rochester extended period. Nice interior and carpet. On belted whitewall tires. One of 756 in this color combination, and one of 1,007 290-hp fuel-injected cars. Cond: 2-. NOT SOLD AT $90,000. A very pretty car, but it felt like it had been sitting for a while. A no-sale at $90k, which should have been enough, with all the competing cars in the same sale. As a fair, mid-market offer, I'd have taken it. Mecum Auctions, Monterey, CA, 8/10. TOP 10 No. 8 #S79-1958 CHEVROLET CORVETTE convertible. S/N J58S195138. Charcoal metallic & sil- ver/black vinyl. Odo: 2,011 miles. 283-ci 290hp fuel-injected V8, 4-sp. NCRS Top Flight car in May of 2010, appears to be a superior frameoff restoration. Nice chrome, good panel fit, nice interior with Wonderbar radio. Some paint details not typical under-hood, but shields and details look otherwise correct. No mention of matching numbers. One of 729 in Charcoal Metallic with silver coves, which was replaced period-correct non-original engine. Some nicks on windshield. Cond: 2+. SOLD AT $134,200. This car had a great overall look in black, silver, and red. That, along with nice trim fits and an honest description, worked 54 Corvette Market FALL 2010 www.corvettemarket.com fuel injection. Cond: 1. SOLD AT $181,500. Easily the most spectacular black paint on any Corvette. Usually when a car is over-restored, it will attract a lot of attention from the crowds, but somehow leaves me disappointed that it wasn't done “right.” In this case I admit to making an exception; the craftsmanship displayed on this Fuelie 'Vette was stunning. Leading the market for a '58, and rightly so. Russo and Steele, Monterey, CA, 8/10. by Tuxedo Black mid-year. Cond: 1. SOLD AT $143,100. This car had considerable eye appeal and definitely found its market. '58s have their own following, for the unique styling cues not seen in the production years before or after. Rarer factory colors exist, but I suspect many have been repainted in resale tones since then. Well sold at the top of the current market level. Mecum Auctions, Monterey, CA, 8/10.


Page 54

Market Report Global Roundup Corvettes across the block #W749-1958 CHEVROLET CORVETTE convertible. S/N J58S100724. Signet Red & Snowcrest White/red hard top & white vinyl/ red vinyl. Odo: 2,544 miles. 283-ci 290-hp fuel-injected V8, 4-sp. Recently freshened up older restoration. Better-than-stock body prep, panel fit, and paint. Minimal scuffing on earlier rechrome work. Show-quality engine bay. New, similar-to-period-style seat belts are the only non-authentic interior components. #41-1959 CHEVROLET CORVETTE convertible. S/N J59S108544. Inca Silver & white/white vinyl/red vinyl . Odo: 1,065 miles. 283-ci 245-hp V8, 2x4-bbl, 3-sp. Just out of the restoration shop, retaining the original powertrain. Better-than-original body prep, panel fit, and paint application. Original windshield and cracking seal still in the car. Minty-fresh top almost looks like a fixed carriage roof. All replated or replacement brightwork, along with all interior soft trim. Dashpad has wrinkling the real deal was the modern Corvette alloys. Since the frame has been modified to accept an LS engine, perhaps that is what is needed for the seller to hit his target price. The high bid today couldn't have been much more than build cost. Silver Auctions, Reno, NV, 8/10. #S44-1960 CHEVROLET CORVETTE convertible. S/N 00867S109619. White & silver/white vinyl/red vinyl. Odo: 88,622 miles. 283-ci 230-hp V8, 4-bbl, auto. Frame-on restoration with 2k miles on rebuilt motor and new paint, interior, and carpet. Fitted with hard top and soft top. Excellent chrome, California black plate, Elite whitewalls. Unusually good panel fit, new dash cover baggy, door jamb paint not typical. A bit untidy underhood, but Most everything else inside is an authentic reproduction that shows minimal wear. With factory fuel injection, 2 tops, and Wonderbar radio. Cond: 2. SOLD AT $90,200. The lovethem-or-leave-them 1958 arguers seem to have mellowed out a bit over time. Sure, there are still a few people who would cross the street to avoid one, but overall they have been accepted for their unique period styling touches. Four years ago, this would've been a lock for hitting a 6-digit price. Today, this was just realistic. Auctions America, Auburn, IN, 9/10. #245-1959 CHEVROLET CORVETTE convertible. S/N J59S103045. Roman Red & Snowcrest White/white vinyl/red vinyl. Odo: 131 miles. 283-ci 230-hp V8, 2x4-bbl, 4-sp. Variable panel fit, just past factory. Very good paint, chrome shows some prep flaws under plating but is still good overall. Interior has abrasion scars on passenger seat back rest along ends of passenger's side grab handle, gauge lenses show light crazing from aging. Concours-ready engine compartment detailing. Cond: 2. NOT SOLD AT $55,000. Per the catalog notes, the consignor found the car in generally original condition, with original upholstery and lightly touched up original paint. So, did it get taken to 1. Bloomington Gold for Survivor certification, or 2. the beauty shop— er, restoration shop? Current logic would be 1, but no, off it went to get a frame-off bare-body restoration. So much for preserving original history. An under-market bid. Worldwide Auctioneers, Auburn, IN, 9/10. #764-1960 CHEVROLET CORVETTE custom convertible. S/N 00867S103017. Red/ white soft top/red hard top/red leather. Odo: 1,537 miles. 350-ci, 330-hp, 4-bbl, V8, 4-sp. Recent resto-mod done to very high standard, on original frame and body with C4 Corvette suspension and drive components. Highquality respray has no issues. New glass, seals, and chrome all around. New period-looking interior shows little wear. Digital radio, torn shift boot. Engine bay well detailed, with lots of chrome and all new bits. With power looks factory. One of 5,827 built in this configuration and by far the most popular color that year, with 3,717 sold—more than double the Roman Red runner-up. Owned since 1985. Cond: 2. NOT SOLD AT $57,500. From the mileage, this was clearly a car that had worked well its whole life, but it felt like it had been fluffed and buffed for the sale. The $57,500 high bid was mid-range for a low-horsepower car with a slushbox and should have bought it. Mecum Auctions, Monterey, CA, 8/10. #268-1960 CHEVROLET CORVETTE convertible. S/N 00867S100507. Eng. # F1001CU. Tasco Turquoise & white/white vinyl/turquoise vinyl. Odo: 83,137 miles. 283ci 270-hp V8, 2x4-bbl, 4-sp. Restored in the mid-'90s, awarded NCRS Top Flight in '97, cosmetically freshened in '06. Shows extremely well with even gaps, proper panel fit, and uncommon Tasco Turquoise livery. Fitted and some stains on transmission tunnel carpet. Cond: 3+. SOLD AT $62,010. Last seen at Russo and Steele's Monterey sale in August '06, where it sold at $72,600 (SCM# 42807). It was nicely restored and finished in good colors, but overall was a nothing-special car that sold for a nothing-special price. Well bought for a nice cruiser. Bonhams, Carmel, CA, 8/10. 56 Corvette Market FALL 2010 www.corvettemarket.com steering, power disc brakes, and power windows. Cond: 1-. NOT SOLD AT $70,000. This achieved a nice balance of original 1960 Corvette looks with modern mechanical updates. The only clue at first glance that it wasn't with power windows and Wonderbar radio. Desirable dual 4-bbl carbs. Cond: 2+. SOLD AT $85,250. Even in a rather soft Corvette market, this car sold at the market-correct


Page 56

Market Report Global Roundup Corvettes across the block price, and deservedly so. The quality was there, and the buyers responded, reconfirming the truism that good cars will still bring the money. RM Auctions, Monterey, CA, 8/10. #W641-1960 CHEVROLET CORVETTE convertible. S/N 00867S108032. Silver & white/white vinyl/red vinyl. 283-ci 270-hp V8, 2x4-bbl, 4-sp. Recently completed frame-off restoration. Better-than-stock body prep, paint, and panel fit. NCRS decal on replacement windshield. Even with good panel gaps, the doors must be slammed to latch properly. Poor convertible top header seal—reproduction carpeting gets soaked when it rains. Authentically leather. Odo: 808 miles. 283-ci, 230-hp, 4-bbl, V8, 4-sp. Original-appearing paint very thin in areas, with eggshell cracking in coves and by hood. Slight wiper marks on glass with ill-fitting replacement rubber. New top. Clean and tidy interior. Wonderbar radio. Dash, seat, and door panels show only light wear, center console scratched, carpet worn and faded. Engine #161-1961 CHEVROLET CORVETTE convertible. S/N 10867S108388. Eng. # F0501CS. White & silver/red vinyl. Odo: 38,143 miles. 283-ci 315-hp fuel-injected V8, 4-sp. Fabulous restoration in an attractive color combination with very good attention to detail. Nearly flawless presentation. Nice Plexiglas hard-top windows, NCRS decal. Nicely done interior in a great color, but driver's and passenger's seat upholstery are rumpled. Glue visible on weatherstripping. Authentic-looking bias-ply tires and vintage yellow California detailed underhood and on undercarriage. Cond: 2. NOT SOLD AT $67,500. Described as “the best color combination around,” which is true if you like silver and white with red interior. Barring such subjective judgments, this was a nice '60 correctly bid, but with an optimistic reserve. Auctions America, Auburn, IN, 9/10. #255-1961 CHEVROLET CORVETTE convertible. S/N 10867S105936. White and silver/black vinyl/red vinyl. Odo: 7,200 miles. 283-ci 245-hp V8, 2x4-bbl, 4-sp. Very good panel fit. Very good paint shows a few small cracks in top of left door and under right windshield corner. Chrome shiny, has nick in right front bumper. Nice interior let down by loose glovebox door, chip on base. With radio delete bay well sorted. Chrome air cleaner and ignition shield, new paint on radiator and shroud. On new wide whitewalls with correct hubcaps. Cond: 3-. SOLD AT $37,500. 1961 was the last year for the $16 painted cove option and the first for the new “duck tail” rear end. This car was a nice looker from ten feet, especially with the unique color, but upon closer inspection several issues appeared. The most troubling were the repair on the right front and the badly worn carpets. The sale price reflected these concerns. Silver Auctions, Reno, NV, 8/10. #737-1961 CHEVROLET CORVETTE convertible. S/N 10867S103127. Roman Red/ white soft top/red hard top/red leather. Odo: 52,268 miles. 283-ci, 230-hp, 4-bbl, V8, 4-sp. A stated numbers-matching car with recent $100,000 restoration. Excellent respray over good prep, touch-up on leading edge of driver's door, small chip in driver's side cove. Datecoded glass is like new. Chrome excellent, with slight pitting on rear bumper, trim poorly fit around right headlights. Trunk well detailed. plates fitted. Restored undercarriage shows little use. Cond: 1-. SOLD AT $121,000. Sold for $115,500 at Barrett-Jackson's Scottsdale sale in January '07 (CM# 44032). The pre-auction estimates of $120k-$150k were a touch aggressive, and this expertly done solid-axle wound up right on the money. With top-level awards including Bloomington Gold and NCRS to its credit, there was no real reason to hold back on the bidding. The only unfortunate aspect here was that this Fuelie was so nice, and sold for enough money, that the odds of it ever being driven are probably quite slim. See the C1 profile, p. 20. Gooding & Company, Pebble Beach, CA, 8/10. #W631-1961 CHEVROLET CORVETTE convertible. S/N 10867S102287. Red & white/white vinyl/black vinyl. Odo: 59,108 miles. 283-ci 270-hp V8, 4-bbl, 4-sp. Older cosmetic redo, with a pretty repaint on an overall heavily sanded down body. Mostly reproduction brightwork. Passenger's door contacts bottom of soft top frame when closed. Lesser quality top fit, with heavier wrinkling along sides. Older repop seats, door panels, and dashpad, original carpeting is heavily faded. and heater delete. Cond: 2-. NOT SOLD AT $65,000. The '61 had a terrific, very aggressive look, and this was a nice car, but in the base spec. Prices for all but the most special Corvettes have softened, and the high bid here was still $5k light. RM Auctions, Rochester, MI, 7/10. #431-1961 CHEVROLET CORVETTE convertible. S/N 10867S109667. Honduras Maroon/white soft top/blue hard top/black 58 Corvette Market FALL 2010 www.corvettemarket.com Includes both hard and soft tops. Excellent interior, light rip in shift boot, scraping on door threshold trim. Tidy engine bay with fresh paint. Original windshield washer motor. Cond: 1-. SOLD AT $61,560. A high quality frame-off restoration that has seen little use since completion. Sale price justifiably near the high end of value for a 1961 Corvette with this engine configuration. Well bought and sold. Silver Auctions, Reno, NV, 8/10. Recently detailed show-grade engine compartment with fasteners mostly new. Matte black undercarriage rather clean. Cond: 3+. SOLD AT $42,000. First seen at Mecum's Kissimmee sale in January '10, where it failed to sell at


Page 58

Market Report Global Roundup Corvettes across the block $53k (CM# 158042), and seen again at Mecum's Indy sale in May '10, again a no-sale at $53k (CM# 163327). While it did have a solid lifter 270-horse dual-quad motor, these are far from rare. Not quite up to snuff as a show car, but should make for a nice cruiser. Auctions America, Auburn, IN, 9/10. #W649-1961 CHEVROLET CORVETTE convertible. S/N 10867S110634. Red & white/red hard top & white vinyl/red vinyl. Odo: 49,124 miles. 283-ci 230-hp V8, 4-bbl, 4-sp. Miles claimed actual since new. Comes with both types of tops. Older repaint looks decent, and the replated bumpers match up with reproduction emblems, but most stainless trim original and lightly scuffed. Engine bay not authentically detailed. Unable to discern and go home? Bid was under the money for a driver fuelie, but the car had needs. Last seen at the Mecum auction in Monterey last year, where it failed to change hands at $52k (CM# 141259). If the seller wants a better offer, he would do well to sharpen this one up. Mecum Auctions, Monterey, CA, 8/10. #222-1962 CHEVROLET CORVETTE convertible. S/N 20867S104483. Tuxedo Black/white vinyl/red vinyl. Odo: 41,429 miles. 327-ci 360-hp fuel-injected V8, 4-sp. An older restoration that won an NCRS Top Flight award in 1992, now in need of cosmetic work to return it to former glory. Top dirty, window rubbers cracked, and trim pitted. One until the replacement is ready (assuming you do all of the work yourself). Not bad either if you just want a look-at-me car to drive around. Auctions America, Auburn, IN, 9/10. #T236-1962 CHEVROLET CORVETTE convertible. S/N 20867S107546. Red/red & black vinyl/black vinyl. Odo: 29,782 miles. 327-ci 360-hp fuel-injected V8, 4-sp. Fresh paint with few flaws, extra thick and shiny in door jambs and on dash. New chrome and interior. Has power windows and both tops. Said any stampings on the engine block. Nonauthentic shock absorbers and mufflers. Soggy replacement carpeting, poorly fitted repro seat upholstery with lots of wrinkling, replacement Hurst shifter. Cond: 3. SOLD AT $39,600. There was no mention made of any known history of the car, especially driveline integrity. Combined with the already declining values for C1s, this driver car (a daily driver, almost) sold for all the money in the world. Auctions America, Auburn, IN, 9/10. #S49-1962 CHEVROLET CORVETTE convertible. S/N 20867S110032. Honduras Maroon/black vinyl & maroon hard top/black vinyl. Odo: 56,599 miles. 327-ci 360-hp fuelinjected V8, 4-sp. Older repaint showing cracks and flaws, chrome worn. Scruffy underhood, with tinfoil under FI pump. Scratched windshield on passenger side, pitted surrounds. Older whitewall belted tires, new of less than 2,000 Fuelies sold in 1962. Cond: 3+. SOLD AT $79,750. Even with the issues noted, this was well bought. The question for the new owner is how far to go with it. A full restoration will put him upside-down in a hurry, so my recommendation would be to use, enjoy, and upgrade as required. RM Auctions, Monterey, CA, 8/10. #W692-1962 CHEVROLET CORVETTE convertible. S/N 20867S108495. Red/red hard top/red vinyl. Odo: 32,750 miles. 350-ci V8, 4-bbl, 4-sp. N.O.M. generic 350 small-block, with no attempt made at maintaining original spec. Wears Edelbrock chrome valve covers and air cleaner, matte white tube headers and 1980s GM corporate blue cast iron bits. Slightly wavy bodywork with newer repaint. Doors don't latch well, due to newer door-tobody seals and poor fit between door glass and hard top seals. Recent seat upholstery, door to be an original numbers-matching Fuelie. Cond: 2. SOLD AT $57,750. Said to have complete owner history. As an example of the last and best of the straight-axle Corvettes, I would call this well bought. Mecum Auctions, St. Charles, IL, 9/10. #362.2-1962 CHEVROLET CORVETTE convertible. S/N 20867S107021. Fawn Beige/ tan canvas/fawn vinyl. Odo: 37,737 miles. 327-ci 340-hp V8, 4-bbl, 4-sp. Very fresh highlevel restoration with flawless paint and all flawless chrome. Very detailed throughout. Fitted with chrome mags, but comes with restored stock wheels and hubcaps. Stated to have non-original engine. Cond: 1. SOLD AT $115,500. The owners were here each day to represent this spotless restored Corvette and it paid off handsomely for them. They spent a year doing just this car, and even with the big price paid here, there was likely just as much in it. Nicely bought and sold. Barrett-Jackson, Las Vegas, NV, 9/10. C2 Harrison radiator. Cond: 3. NOT SOLD AT $47,000. Just a driver, but in a good color and with possible original miles. It's one o'clock in the morning—do you fall in love or be smart 60 Corvette Market FALL 2010 www.corvettemarket.com panels, and carpeting, all expertly installed. Used car undercarriage with non-stock exhaust and plenty of rust. Cond: 3. SOLD AT $32,725. 1962 was the only year for the 327 in a C1. Provided that you either already have or know where to find a 327, this wasn't all that bad of a buy for something you could keep driving #152-1963 CHEVROLET CORVETTE convertible. S/N 30867S116670. Riverside Red/black vinyl/black leather. Odo: 73,300 miles. 327-ci, 350-hp, 4-bbl, 4-sp. Newly resprayed from yellow to its original red after 13 years in storage. Engine stated to be a 1968 Corvette V8. Prep issues evident with dust under paint, chips from door closing. Light pit


Page 60

Market Report Global Roundup Corvettes across the block ting on replated bumpers, scratch on side-view mirror. Original looking interior with door panels and seats in good condition. Carpet cords. Good panel fit, paint not typical but very nice. Looks factory underhood, bumpers look like repops. Very nice interior. NCRS-scored 99%. With L84 Fuelie engine, M20 4-speed, 327-ci 360-hp fuel-injected V8, 4-sp. Original miles, numbers-matching components. A 4-speed Fuelie with full provenance dating back to V.V. Cooke of Louisville, KY. shows wear and is pulling up from the transmission tunnel. AM Delco radio bezels loose. New orange paint on block, with overspray. Cond: 3-. SOLD AT $32,400. This felt like a rush job. The respray was not high quality, the prep on the chrome plating was lacking, and the emergency brake, radio, and amp gauge were non-functioning. If it had just been woken from a long slumber in the shed, who can guess what else might arise? Price paid reflects that uncertainty, combined with the incorrect engine. Silver Auctions, Reno, NV, 8/10. #321-1963 CHEVROLET CORVETTE convertible. S/N 30867S115357. Riverside Red/black leather. Odo: 384 miles. 327-ci, 340-hp, 4-bbl. 4-sp. Claimed to be a numbersmatching car with over $50,000 invested. 15-year-old respray aging well, has a few small chips and touch-ups, gas door logo cracking. Replated chrome bumpers slightly pitted. Nice gaps and good newer glass. Interior said to be original, seats and dash in superb condition. AM/FM, power brakes, and power windows. One of 199 Z06s built. Cond: 2. SOLD AT $159,000. Last seen at Mecum's Bloomington Gold sale in June '07, where it sold for $139,650 (CM# 45453). With all the Corvette experts around the sale, this was bound to be a market-correct result. Top bid was almost exactly mid-price, let down perhaps by some over-enthusiastic and non-typical restoration choices, and a gap in otherwise complete records. Nevertheless, a good deal for both parties. Well bought, well sold, and a real eye-catcher. Mecum Auctions, Monterey, CA, 8/10. #F93-1963 CHEVROLET CORVETTE convertible. S/N 30867S119003. Silver blue/ black vinyl/blue vinyl. Odo: 49,698 miles. 327-ci 340-hp V8, 4-bbl, 4-sp. Numbers matching. Typical panel fit, OK top fit, fair headlight fit, chrome replated quite well. Body seams are gone under over-the-top finish, but it's factory-looking under the hood, apart from Repainted and reupholstered, superb panel and headlight fit. Doors click shut of their own weight. On factory mags with knockoffs. No a/c. Cond: 1-. SOLD AT $95,400. Close to the best '63 Fuelie Sting Ray I have ever seen, with the sense that everything just fit and worked well. If all was correct, I'd say this was something of a buy, since similar examples have sold at up to $50k more. Very well bought. Mecum Auctions, Monterey, CA, 8/10. #248-1963 CHEVROLET CORVETTE “Pilot Line” convertible. S/N 308675100015. Riverside Red/red vinyl. Odo: 15 miles. 327-ci 360-hp fuel-injected V8, 4-sp. A documented “Pilot Line” or pre-production Sting Ray. One of four thought to exist. Only 15 miles since older body-off restoration. Paint just acceptable with blemish on trunk, window rubbers old and cracked. Panel fit to factory spec Non-functioning clock. Door panels dirty, driver's side window crank loose. Undetailed engine bay mostly tidy and original. Optional a/c and AM/FM Delco radio. New period-correct whitewalls on knockoffs. Cond: 3+. SOLD AT $45,900. This sale was hurt by lack of documentation, lack of detailing, and lack of top, which was included in the sale but not at the auction and would need to be picked up. As a result, the buyer benefitted and got a very presentable first-year Sting Ray at under market value. Let's hope the top is close by. Well bought. Silver Auctions, Reno, NV, 8/10. TOP 10 No. 5 #F110-1963 CHEVROLET CORVETTE Z06 coupe. S/N 30837S114581. Riverside Red/black vinyl. Odo: 94,091 miles. 327-ci 360-hp fuelinjected V8, 4-sp. A numbers-matching car, with actual miles and a 3-ring binder of re- 62 Corvette Market FALL 2010 www.corvettemarket.com the usual inside hood paint, and has the appropriate ignition shields in place. Appropriate wear to seats. Optional AM/FM, power steering, power brakes, turbine mags. Cond: 2. SOLD AT $47,700. This no-reserve car looked like a very decent redo of a good original driver, and it had an air of honesty about it. Rather well bought at $5k under the current market level for its condition. Summer fun indeed. Mecum Auctions, Monterey, CA, 8/10. Best Buy #S97-1963 CHEVROLET CORVETTE coupe. S/N 30837S104064. Daytona Blue/red vinyl. Odo: 62,931 miles. (i.e., marginal). On aftermarket knockoffs. Equipped with the desirable L84 engine. Cond: 2. SOLD AT $104,500. It's hard to explain the issues noted with only 15 miles since restoration. But, being a pre-production car added to the value, as the price paid was what you would expect for a near-perfect example. A good buy for a Corvette collector. See the C2 profile, p. 22. RM Auctions, Monterey, CA, 8/10. TOP 10 No. 10 #279-1963 CHEVROLET CORVETTE coupe. S/N 30837S105440. Riverside Red/black vinyl. Odo: 29,423 miles. 327-ci 360-hp fuelinjected V8, 4-sp. Comprehensive restoration by Glen Vaughn, very presentable and well optioned. Equipped with L84 Fuelie motor


Page 61

restoration. When redone, seating was changed from original vinyl to leather. Also has repro carpet and door panels, in addition to aftermarket carpeted floor mats. Repainted original Sebring Silver over good body prep. Inner wheelwell lips lightly shaved to a uniform Good panel fit, new top very well fitted. Nice interior with wood wheel. Engine bay clean. Undercarriage clean as well. Positraction rear end, power disc brakes. On P48 cast aluminum with Muncie M21 4-speed, posi rear end, and AM radio. Modern plastic tie-downs used, fuel injection ducting not typical. The only year for the coveted split rear window. Cond: 1-. SOLD AT $132,000. I watched this cross the block at McCormick's February sale of this year, where it was a no-sale at $92,000 (CM# 159193). At the time, I estimated the bid was about $15k light; turns out, I was off by a factor of almost three. Strong money, but a strong car. RM Auctions, Monterey, CA, 8/10. #W379-1963 CHEVROLET CORVETTE convertible. S/N 30867S108251. Silver/black vinyl/red vinyl. Odo: 45,088 miles. 327-ci 360-hp fuel-injected V8, 4-sp. “Numerous NCRS Top Flight awards,” but none on display with car. Correct year rebuilt motor, but not claimed to be original. Better-than-stock paint when redone, accumulated light patina now resembles original. Dash more faded than rest of upholstery. Well detailed under the hood when restored, but now shows light soiling and fuel staining. Configured with fuel injection, width. Selective brightwork redo or replacement, with most of it being original. Stock wheel covers and newer radial tires on the original steel rims. Modern digitally tuned AM/FM cassette deck in the stock radio location. Light scuffing and dullness on the console trim. Less than perfect top fit between the vinyl and seals. Presentable engine bay, motor of unknown origin. Cond: 3+. NOT SOLD AT $24,000. From the “More Great Cars” segment on Friday. Hyped up by the buyer as a good driver, but making no illusions on anything being original. Light bid correctly reflected light interest. Worldwide Auctioneers, Auburn, IN, 9/10. #534-1963 CHEVROLET CORVETTE convertible. S/N 30867S116014. Black & red/ black vinyl/red leather. Odo: 2,269 miles. 327ci 340-hp V8, 4-bbl, 4-sp. Black paint with non-original red spear in excellent condition. Minor pinholes along driver rear fender top. knockoff wheels. Lead hammer included. Cond: 2. SOLD AT $38,880. The $77,000 spent on restoration and modification wouldn't impress the purist, but this had great eye appeal and will be a better driver for all the improvements made. It was bid to $44,000 at this spring's Branson Auction, but the seller held on (CM# 160438). Based on what it realized here, he's probably wishing he let it go then. Well bought. Branson, Branson, MO, 9/10. #F253-1963 CHEVROLET CORVETTE coupe. S/N 30837S10390. White/red vinyl. Odo: 46,243 miles. 327-ci 340-hp V8, 4-bbl, signal seeking AM radio, power windows, steering, and brakes. On repro 1964-style knockoff wheels. Cond: 3+. SOLD AT $65,175. As they say for 1963 ‘Vettes, “If the top goes down, the price goes down.” With far more convertibles made than the iconic SplitWindow coupes, a 1963 ragtop is worth about the same (and basically is the same) as a 1964. If it were a coupe, we'd be in six-digit pricing. As an open car, this was market priced, a little less than the $67,500 it was bid to at Russo and Steele's Monterey 2008 auction (CM# 117471). Auctions America, Auburn, IN, 9/10. #365-1963 CHEVROLET CORVETTE convertible. S/N 30867S111003. Sebring Silver/black vinyl/black leather. Odo: 91,813 miles. 327-ci V8, 4-bbl, 4-sp. Older cosmetic www.corvettemarket.com FALL 2010 Corvette Market 63


Page 62

Market Report Global Roundup Corvettes across the block 4-sp. Good paint and chrome with smooth trim throughout. Some paint chipped off rocker trim. New interior with some dents in aluminum console trim. Optional power windows. Cond: 1-. SOLD AT $66,000. An all-time classic—one of the best automotive designs in history—and it's an American car. Well bought for its condition. Mecum Auctions, St. Charles, IL, 9/10. #62-1964 CHEVROLET CORVETTE convertible. S/N 40867S14236. Metallic dark blue/dark blue hard top/light brown vinyl. Odo: 42,985 miles. 350-ci, 350-hp, V8, 4-bbl, 4-sp. Ten-year-old respray in non-correct color, aging well. Decent chrome. Hood is from a '67, paint cracking on scoop and rear right. Left headlight fit off when closed. Side exhaust added, rocker panels not cut for fit. Rear fender wells cut to just above body crease. Fitted the Split-Window and compared with the upgraded body and interior of ‘65. Still, the car was worth more money than this bid. The right person just wasn't here today. Mecum Auctions, St. Charles, IL, 9/10. #S62-1964 CHEVROLET CORVETTE convertible. S/N 40867S108738. Blue/white vinyl/white vinyl. Odo: 11,716 miles. 327-ci 300-hp V8, 4-bbl, 4-sp. Dull older repaint shows lots of flaking, chips, and cracks. Some flaws under bumper rechrome. Windshield trims have scratches, hubcap spinners pitted. Good top. Seats cracked and dirty, with a tear for cost or time. Perfectly detailed and in mint condition (for a race car). Engine bay spotless. “The fastest Corvette in Europe,” and the beast of the venue. Cond: 2+. NOT SOLD AT $106,250. Offered at the right place, ostensibly, as this was a contender at the 2009 Le Mans Classic. And still, no one wanted to raise a paddle. Artcurial, Le Mans, FRA, 7/10. with aftermarket vinyl seat covers, door panels, armrest, and water and temp gauges. Carpet heavily worn. Dirty under the hood, with a '68 350 Corvette engine. Chrome valve covers. No soft top with car. Cond: 3-. SOLD AT $21,500. The cut body, incorrect parts, and lack of detailing reduced value, but many checked it out after the hammer dropped and wished they'd been there to bid. A classic case of bidding hampered by early first day auction placement. No upside potential, but lots of fun for the money. A well bought driver. Silver Auctions, Reno, NV, 8/10. #F106-1964 CHEVROLET CORVETTE convertible. S/N 40867S106303. Red/tan vinyl/tan vinyl. Odo: 36,004 miles. 327-ci 375hp fuel-injected V8, 4-sp. New paint and what appears to be the original chrome bumpers lightly scratched. New seat covers with overstuffed driver's seat. Scratches on console on the driver's side. New, non-stock paint on top side of engine. Non-stock fan. Cond: 3-. SOLD AT $29,150. Lots of details and a repaint needed here. Said to have had the same owner for 21 years and papers dating back to 1976, but I can't say if that helped much. Buyers seemed to be looking for finished cars rather than projects this year. Mecum Auctions, St. Charles, IL, 9/10. #674.5-1964 CHEVROLET CORVETTE coupe. S/N 40837S108493. Yellow & black/ black vinyl. Odo: 2,226 miles. 327-ci 250-hp V8, 4-bbl, 4-sp. Mild custom Corvette with bright yellow (940AA paint code) starting to show cracks in several areas. Some trim pieces duller than others. Rechromed door handles and front bumpers show lots of pitting. New chrome. Original alloy knockoffs showing damage from hammer. Cond: 1-. NOT SOLD AT $57,000. A “starts right up” Fuelie in all the right colors. ‘64 can be a hard sell, without 64 Corvette Market FALL 2010 www.corvettemarket.com interior and clean, mostly stock engine. 5,500 redline tach, a/c added. Cond: 3+. SOLD AT $66,000. A very striking car with custom hood scoop and sidepipes, as well as black-painted cabin vents. Paint cracks show the very beginning of the aging process. A strong price for a custom '64 coupe. Barrett-Jackson, Las Vegas, NV, 9/10. #121-1965 CHEVROLET CORVETTE coupe. S/N 194675S109689. Olive green & white/black cloth. 427-ci 650-hp V8, 4-bbl, dash vinyl has been repaired. Stock-looking engine bay well presented and tidy. Twosnorkel chrome air cleaner, new alternator, new hoses. Spinner hubcaps in good condition with correct tires. Looks like a solid driver. Cond: 3+. SOLD AT $45,900. The 1965 Corvette came standard with disc brakes in the corners and new, distinctive, functional vents behind the front wheelwells. If the mechanical work was done as thoroughly as it appeared, the buyer will get many miles of enjoyment out of this car. Fair result for a nice low-horsepower, low-option car. Silver Auctions, Reno, NV, 8/10. #F117-1965 CHEVROLET CORVETTE convertible. S/N 194675S113447. Silver Pearl/black vinyl/black vinyl. Odo: 36 miles. 396-ci 425-hp V8, 4-bbl, 4-sp. Numbersmatching car treated to $25k complete frameoff restoration, with 17 miles since completion. One of 2,157 L78s and one of 2,552 '65s in this #424-1965 CHEVROLET CORVETTE convertible. S/N 19467S120902. Goldwood Yellow/black vinyl/black. Odo: 77,957 miles. 327-ci, 300-hp, 4-bbl, V8, 4-sp. Said to be a numbers-matching car with recent complete mechanical restoration. Older respray shows prep issues at rear. Touch-up spots on passenger door. Chrome has some pitting, small dent on rear left bumper. Glass good, rubber seals dried. Interior clean and shows only light wear, 4-sp. A pure race car. Winner of the 2007 European Championship CER. Constructed by Atlantic Racing, with no concessions made


Page 64

Market Report Global Roundup Corvettes across the block color. Extras like knockoffs and sidepipes apparently added; all new suspension, wiring, and interior. Paint and panel fit excellent but ing on replacement top, light soiling on reproduction carpeting. Older repro door panels and seats. Excellent engine detailing, although not factory typical. No power steering, brakes, or a/c, so best headed for a moderate climate and wide-open spaces. Cond: 2+. SOLD AT $71,550. A very attractive car clearly restored to the owner's particular tastes. A real eyecatcher that should run as well as it looks, but tweaked a bit too much for wide market appeal. Sold just under the CM price guide level for the model, so I'd say well bought. Mecum Auctions, Monterey, CA, 8/10. #E394-1965 CHEVROLET CORVETTE convertible. S/N 124675S120123. Nassau Blue/white vinyl/white vinyl. Odo: 46,711 miles. 327-ci 350-hp V8, 4-bbl, 4-sp. Older repaint competently done. Mostly replated or replaced brightwork. GM-spec panel fit. All reproduction interior soft trim, with some wear and soiling starting. Clean and mostly tidy engine bay, some stray wires over radiator hoses are showing some chalkiness from age. Non-stock dual exhaust system, with black overspray on mufflers. Cond: 3+. NOT SOLD AT $48,500. From the “More Great Cars” segment of the auction. Not at all bad for a nice cruiser car, rather than one to pimp up for the NCRS show circuit. Bid to current market value. Worldwide Auctioneers, Auburn, IN, 9/10. Best Buy #348-1965 CHEVROLET CORVETTE convertible. S/N 194675S116517. Silver Pearl/black vinyl/ black vinyl. Odo: 61,631 miles. 327-ci 250-hp V8, 4-bbl, 4-sp. Original engine, converted from factory 3-speed to 4-speed (confirmed by the original window sticker and Protect-OPlate). Original 3-cog box said to be included with the car. Presentable older repaint, door and panel gaps not quite stock. Light wrinkling sanding scratches on bottom left windshield. Weak chrome on rear bumpers. Windshield trim misfit. With Goldlines on alloys and side exhaust. Cond: 2. SOLD AT $56,100. A very desirable 365-hp 327-ci, and the wheels and side exhaust pulled it all together. A decent deal for both parties. Mecum Auctions, St. Charles, IL, 9/10. #S71-1966 CHEVROLET CORVETTE coupe. S/N 194376S123329. White/black vinyl. Odo: 9 miles. 427-ci 425-hp V8, 4-bbl, 4-sp. Toly Arutunoff's race car, ordered for delivery in Germany in 1966. Complete bodyoff restoration to race car standards (i.e., not that shiny), but tons of history and a wellknown original owner. With L72 engine, M22 4-speed, N03 Big Tank, J56 brakes, J50 power support. Fiberglass monospring rear suspension conversion. With optional 350-hp motor (non-original block), knockoff alloy wheels, clock, AM/FM radio (not working), and power antenna (also not working). Cond: 3. NOT SOLD AT $45,000. Pushed off the block and towed back to its spot. No telling what was ailing it, but somebody liked it enough to bid $45k—and that should have been enough to sell it. Auctions America, Auburn, IN, 9/10. #192-1965 CHEVROLET CORVETTE convertible. S/N 194675S105996. Tuxedo Black/black vinyl/red vinyl. 327-ci 365-hp V8, 4-bbl, 4-sp. Equipped with power steering, power brakes, and AM/FM radio. Older repaint with light seam broadcasting, polishing swirls, and nicks on door edges. Pitted original door handles, lightly scuffed windshield trim, older bumper rechroming. Light wear and weather- 66 Corvette Market FALL 2010 www.corvettemarket.com and weathering of replacement top. Older replacement interior soft trim shows light wear. Six 1970s era dash plaques stuck to scratched glovebox door. Title in transit. Cond: 3. SOLD AT $31,900. When you have a base-engine Corvette, you talk it up as hard as possible with regard to it having sufficient power. This consignor had a paragraph of period performance figures and reviews. At least he made the best of what he had, in lieu of making it something that never was. Bought well, as presentable C2 convertibles with any powertrain just don't sell this cheap. Worldwide Auctioneers, Auburn, IN, 9/10. #F208-1965 CHEVROLET CORVETTE convertible. S/N 194675S101234. Red/white vinyl/red vinyl. Odo: 41,905 miles. 327-ci 365-hp V8, 4-bbl, 4-sp. Wide gap at top of passenger's door, several small paint chips. Chips and scratches on side glass and heavy booster, F41 suspension, C48 heater delete, A82 headrest seats, and K66 transistor ignition. Cond: 3. NOT SOLD AT $200,000. A big, thundering vintage racer that's sure to be welcome and competitive anywhere. Still, old race cars are a tricky sale, with owners sometimes unrealistically proud of their machines. The bottom line is always “What were you offered lately?” In this company, I'd consider the price market-correct and even generous. Mecum Auctions, Monterey, CA, 8/10. #221-1966 CHEVROLET CORVETTE coupe. S/N 194376S116430. Red/black vinyl. Odo: 71,159 miles. 427-ci 435-hp V8, 4-bbl, 4-sp. Originally Laguna Blue. 1968 435-hp engine replaces original big-block. Equipped with telescoping steering column, power windows, and Wonderbar AM radio. Added stocktype side exhaust. Wheelwell radiuses filled in, then shaved and cut to allow tire clearance. Older nicked-up body-on repaint, with easily removed trim taken off. Passenger's door seal replaced, driver's door seal missing. Poorly fitted door panels and heavier seat wear, more


Page 66

Market Report Global Roundup Corvettes across the block fitted in 2002. Stock interior in good shape. Fitted with power steering and power brakes. Alloys either reproduction or refurbished. Cond: 1-. NOT SOLD AT $63,480. Imported to the U.K. in 1990. Correctly valued by auctioneers at $75k-plus, but bidding predictably fell about $12k short. Proper American collector cars are hard going in the U.K. market. Bonhams, Goodwood, UK, 7/10. than just soggy floorboard carpeting. Cond: 4+. NOT SOLD AT $32,500. In a good example of how not to market a car, the car description card was all but centered to frame a large chip in the windshield. $10k less would have been plenty for this, so the seller really should have reconsidered. Worldwide Auctioneers, Auburn, IN, 9/10. #26-1966 CHEVROLET CORVETTE coupe. S/N 194375115726. Nassau Blue/blue vinyl. Odo: 69,251 miles. 396-ci 425-hp V8, 4-bbl, 4-sp. Documented as sold by Nickey Chevrolet. Optioned with transistorized ignition, 4.11 Positraction, power brakes, and AM/ FM radio. Bloomington Gold Survivor status in 2002. Circa 1965 paint stained beneath fuel filler, lifting along hood bulge and nose stinger, and has discoloration at hood corners. Original All new interior soft trim expertly installed and showing no wear. Cond: 2+. NOT SOLD AT $92,000. Since it was another virgin out-ofthe-shop restoration, this hadn't been shown yet. It should do well in NCRS judging in the manner it was restored. This wasn't enough, so the seller was right to take it home. Worldwide Auctioneers, Auburn, IN, 9/10. #F92-1966 CHEVROLET CORVETTE coupe. S/N 1943376S126064. Blue/blue vinyl. Odo: 55,346 miles. 427-ci 425-hp V8, 4-bbl, 4-sp. Shiny paint with a few chips and cracks visible. Decent chrome, but has some flaws. Some cracked and torn weatherstripping, scratches on rear glass. Interior soft trim has a #S667-1967 CHEVROLET CORVETTE convertible. S/N 194677S120943. Black & red/black vinyl/black vinyl. Odo: 915 miles. 427-ci 435-hp V8, 3x2-bbl, 4-sp. No-expensespared restoration completed in 2007, awarded Bloomington Gold that year. Still excellent bodywork with superb panel gaps. Paint very good, with some slight scuffing on rear cowling and slight shrinkage around headlight doors. Gleaming chrome. Very nice interior. Matching-numbers L71 V8, 4-speed trans, dealer sticker on rear valance. Light pitting and scuffing on original brightwork congruent with rest of car. Light seat wear and light to moderate carpet soiling along transmission tunnel. Cond: 3+. NOT SOLD AT $75,000. With cars retaining original documentation, it's interesting to look at some of the parameters involved with buying the car. In this case, the owner traded in his 30k mile 1961 Corvette to the tune of $2,250 towards this car, with $2,658.30 paid upon delivery. 45 years later, it's going to take a little bit more to get it bought. Worldwide Auctioneers, Auburn, IN, 9/10. #71-1966 CHEVROLET CORVETTE convertible. S/N 194676S116851. Tuxedo Black/black vinyl/red leather. 427-ci 425-hp V8, 4-bbl, 4-sp. Factory-optional power steering, power brakes, F41 suspension, leather seating, shoulder belts, tinted windshield, sidepipes, teak-rimmed wheel, telescoping column, AM/FM radio, and knockoffs. Good body prep and repaint, with few light polishing swirls. Replated or replaced chrome and trim. Light rust on exhaust manifolds and brake master cylinder, with rest of engine bay show-ready. 68 Corvette Market FALL 2010 www.corvettemarket.com few loose pieces. With telescopic teak steering wheel, power windows, and power antenna. Cond: 2. NOT SOLD AT $55,000. Details, details. The big dollars don't come when small details are left undone, and this one just had too many little issues. The seller should be able to make more money, but he'll need to spend some time with the car first. Mecum Auctions, St. Charles, IL, 9/10. #314-1967 CHEVROLET CORVETTE coupe. S/N 194377S104280. Goodwood Green/black leather. Odo: 70,000 miles. 327-ci V8, 4-bbl, 4-sp. Very tidy, brightwork all good. No details of when or where it was restored, but now with a/c and high-performance V8 4.11 rear end, sidepipes, HD suspension, electronic ignition. No power brakes, power steering, power windows, or a/c. Cond: 2+. SOLD AT $123,200. Last seen at Russo and Steele's Scottsdale event in January '10, where it was damaged by a tent pole and failed to sell at a reported bid of $105,000. Seen before that at RM's Fort Lauderdale event in February '08, where it brought $178,750 (SCM# 58742). The repairs looked great, and it was still showing exceptionally well throughout. Considering the documentation and condition, I'd call this one well bought. Russo and Steele, Monterey, CA, 8/10. TOP 10 No. 1 #S125-1967 CHEVROLET CORVETTE L88 convertible. S/N 194677S109097. Tuxedo Black & blue/black vinyl. Odo: 513 miles. 427-ci 430hp V8, 4-bbl, 4-sp. The very first L88 RPO, raced by Tony DeLorenzo. Multiple championships and run until 1982, when restored. Laser straight, mirror sharp, complete provenance. With M22 4-speed, G81 Positraction, J56 disc


Page 68

Market Report Global Roundup Corvettes across the block brakes, and probably 600 hp. Protect-O-Plate, DeLorenzo letter of authenticity, Bloomington Gold Special Collection Certificate, NCRS Top Flight and Duntov awards. Of 20 built, 14 are said to be left. Cond: 1. SOLD AT $1,325,000. This was the L88 to own, as it was in excellent condition and had good competition history. Bought by a consortium of Corvette experts, which pretty much says it all. $1.3m is a lot for a Corvette, but I predict a time in the not-toodistant future when this price will seem much more reasonable. Mecum Auctions, Monterey, CA, 8/10. #S72-1967 CHEVROLET CORVETTE coupe. S/N 194377S103688. Goodwood Green & white/black vinyl. Odo: 67,004 miles. 427-ci 435-hp V8, 3x2-bbl, 4-sp. Matchingnumbers car from the Joe Amato collection. Body-off restoration after being stored 20 years. Typical panel fit aside from right front fender, replated bumpers, clean under hood. L71 engine, M21 4-speed, K66 transistor ignition, N14 factory side exhaust, G81 posi, F41 suspension. Fitted with side exhaust and bolton alloys. Has Redline tires, power brakes, messy. No power steering, power brakes, or a/c. L71 V8 with triple carbs and 4-speed mentation dating back to delivery. Cond: 2+. NOT SOLD AT $57,000. This only had the base-level motor, but there was enough documentation backing it up to make it interesting. The seller, however, failed to understand that a decade-old restoration in human years is a lifetime in the collector car market. Bid to top retail, considering that it will need a bit of spiffing up to show it again. Auctions America, Auburn, IN, 9/10. C3 #427-1968 CHEVROLET CORVETTE convertible. S/N 194678S405767. Red/black vinyl/red leather. 427-ci, 400-hp, 3x2-bbl, V8, auto. Claimed to be a correctly dated and numbered Tri-Power replacement big block. Quality respray in non-original color over good prep, has crack along top of front right fender and gouge on convertible deck. Newish glass, good replated chrome on bumpers. Interior looks original, with sun fade on carpet and plastic steering wheel column. Clean, tidy, driver-level engine bay. Chrome air cleaner trans. With original Rally wheels and also 17inch American Racing mags. Cond: 2-. SOLD AT $40,700. This came across as a respectable example of a C3 convertible 'Vette. White paint is tough to make look appealing, and the Mako Shark styling isn't yet back in fashion. A market price for condition and options. Russo and Steele, Monterey, CA, 8/10. #S95-1968 CHEVROLET CORVETTE coupe. S/N 194378S412307. Rally Red/black vinyl. Odo: 2 miles. 427-ci 435-hp V8, 3x2bbl, 4-sp. Matching-numbers car with frameoff restoration. Superior paint finish not typical but looks good. Decent panel fit, good plating. L89 427/435 with aluminum heads looks nice but has some non-stock detailing. California smog pump in place. Fitted with power steering, power brakes, power windows, AM/FM radio, telescopic wheel, headrests, and AM/FM, and original jack and tools. Cond: 2. NOT SOLD AT $80,000. Goodwood Green was the most popular color in 1967, with 4,293 built—now you can hardly give it away. This looked like a thoroughly restored car, probably showing original mileage, with good history, and perhaps uprated with some extra goodies. And yet it stalled way below the $93k CM price guide level. Either somebody knew something I didn't, or buyers just don't have a taste for the color. Mecum Auctions, Monterey, CA, 8/10. #E650-1967 CHEVROLET CORVETTE convertible. S/N 194677S115916. Rally Red/ red hard top/black vinyl. Odo: 57,935 miles. 327-ci 300-hp V8, 4-bbl, 4-sp. A Bloomington Gold, NCRS Top Flight, and Gold Spinner award winner ten years ago, driven occasionally since. Older restoration is holding up well. Excellent body prep, paint, and panel gaps. Minimal wear and soiling on mostly reproduction interior soft trim. Some stray wires dangling below glovebox. Equipped with optional 4-speed, 3.36 ratio Positraction differential, power brakes and steering, AM/FM radio, and both types of tops. Mostly complete docu 70 Corvette Market FALL 2010 www.corvettemarket.com cover and chrome valve covers. New alternator. With power steering, power brakes, and power windows. Cond: 2-. NOT SOLD AT $31,000. A very red Corvette presented behind velvet ropes in a premiere location on a red carpet. The incorrect exterior color clashed with the red interior. With no documentation as to original engine configuration, high bid was not far off the mark, and the seller will be hard pressed to get his $50,000 reserve. Silver Auctions, Reno, NV, 8/10. #F483-1968 CHEVROLET CORVETTE convertible. S/N 194678S407816. White/ black canvas/red vinyl. Odo: 91,446 miles. 427-ci 400-hp V8, 3x2-bbl, 4-sp. Frame-off restoration in 2007, less than 100 miles since. Body and paint very good, gaps typically uneven. Engine bay not well detailed, wiring Redline tires. Original spare and jack. Cond: 2. NOT SOLD AT $85,000. While 1968 is not a popular year due to C3 teething problems, this seemed like a very well equipped car, if rather enthusiastically restored. It'd be interesting to know the miles before the restoration, but the original spare was a good sign. What's harder to understand is the rejection of the $85k bid. These cars range from $54k to $95k in the CM price guide, and if I came that close, I'd be gone like this car at a green light. Mecum Auctions, Monterey, CA, 8/10. #F41.1-1968 CHEVROLET CORVETTE convertible. S/N 194678S403635. Red/black vinyl/black vinyl. Odo: 69,223 miles. 427-ci 435-hp V8, 3x2-bbl, 4-sp. Fresh, extra shiny paint and good chrome. Driver's seat torn, passenger's seat has burn holes. Cracks in steering wheel. Aftermarket AM/FM cassette


Page 70

Market Report Global Roundup Corvettes across the block sole. Cracked windshield and weatherstripping. Some new engine parts. Repaired tear in top, dull rear window. Cond: 3. SOLD AT $26,400. Last seen at B-J's Vegas sale in October '08, where it made $34,100 (CM# 118328). Much appeared original, and the windshield structure looked solid. The market has shifted a bit since '08, so I'd call this a fairly bought firstyear C3 at the price paid. Barrett-Jackson, Las Vegas, NV, 9/10. #365-1969 CHEVROLET radio. Fiber-optics still work. Chips on left side window. Clean engine with lots of new parts. Cond: 2. SOLD AT $44,000. A nice car with most of the hard and expensive work already done. Beyond that, it all boils down to the date codes on the important parts. A market-correct price paid. Mecum Auctions, St. Charles, IL, 9/10. #S32-1968 CHEVROLET CORVETTE convertible. S/N 194678S419518. Yellow/ black vinyl. Odo: 76,578 miles. 327-ci 300-hp V8, 4-bbl, 4-sp. Lots of chips and scratches in paint. Stone chips on windshield. 4-pin hood. Chrome bubbling up on sidepipes. With roll cage, Simpson belts, Hurst shifter, fire system, CORVETTE convertible. S/N 194379S105852. Blue/blue/ black leather. Odo: 28,508 miles. 427-ci V8, auto. An unfinished roadster project sold at no reserve. New respray done to high standard with good body prep. Hard top fit slightly off at back with small crack on side. Front glass good, rear glass scratched. Hubcaps worn and dinged. Interior present well, with newer seats, carpet, and door panels. Original dash and console slightly worn. Correct stereo. Engine bay freshly painted but unfinished. Big Block has been mounted, but no electronics or tubing connected. No fan, alternator, pulleys. On imperfections in paint, chipping, and some cracking along hood and rear deck. New chrome on bumpers. Trim pulling away from window on passenger side. Has new black soft top, hard top nice with good fit. Interior refurbished with good dash and console. Stain on armrest, cracking on driver's door panel, good seats and older carpet show some wear. Well detailed engine presents clean. Cond: 2-. SOLD AT $31,590. A very nice driver that was let down by paint issues, but at price paid, the new owner has plenty of room to make improvements and still see some upside. Well bought. Silver Auctions, Reno, NV, 8/10. #F440-1969 CHEVROLET CORVETTE convertible. S/N 194679S705127. Riverside Gold/beige vinyl/black vinyl. Odo: 67,553 miles. 427-ci 435-hp V8, 3x2-bbl, 4-sp. Restored. Gaps typical, paint rubbed through rear of hood and shows some cracking. With hard top. Chrome good, interior shows well. L71 V8 with 4-speed trans, 4.11 Posi rear end, and electric master switch. Large screwdriver tear in driver's seat back. Top not shown. Cond: 3. NOT SOLD AT $26,000. A heavily modded decal special. If all these sponsors were included with car, you could probably race for free. Many stock parts were kept and included with the car, but that just didn't sway the bidders. Mecum Auctions, St. Charles, IL, 9/10. #54.1-1968 CHEVROLET CORVETTE convertible. S/N 194678S414670. White/ black vinyl/blue vinyl. Odo: 54,273 miles. 327-ci 350-hp V8, 4-bbl, 4-sp. Old paint evenly cracking everywhere and showing some chipping. Chrome shows light scratches but not period-correct tires. Cond: 4. SOLD AT $14,850. A classic case of the unfinished project being worth far less than the cost of car, parts, and labor. The seller worked hard to recoup his investment with great presentation including mannequins dressed as mechanics and prime location on auction floor. Even with the cost of finishing the engine hookup and properly fitting the hard top, the buyer should have plenty of gas money left. As long as he understands that there is no upside, a fair transaction for both parties. Silver Auctions, Reno, NV, 8/10. #508-1969 CHEVROLET CORVETTE convertible. S/N 194679S726200. Le Mans Blue/white soft top/blue hard top/blue leather. Odo: 45,267 miles. 350-ci, 350-hp, 4-bbl, 4-sp. Older respray with some issues, including power brakes, electronic ignition, and AM/FM stereo. Cond: 3-. SOLD AT $61,000. Last seen at Russo and Steele's Scottsdale sale in January '08, where it failed to sell at a high bid of $65,000 (CM# 51821). Except for the L71 engine option, this wouldn't be a collectible Corvette. It simply didn't pop at all. Many details had been left unattended, and it'll take some work to bring the whole package together. Well sold. Russo and Steele, Monterey, CA, 8/10. Best Buy #524-1969 CHEVROLET CORVETTE coupe. S/N N/A. Yellow/black leather. Odo: 62,835 miles. 350-ci 350-hp V8, 4-bbl, 4-sp. New exterior paint with a little bit of dust noticeable up close. Passenger door fit off at bottom front, front bumper alignment off at sides. Rear split bumpers and taillights in good pitting. Passenger's seat has repaired torn areas, screws and some paint missing on con- 72 Corvette Market FALL 2010 www.corvettemarket.com shape. Interior refurbished with new, excellentfitting seat covers; clean dash and console.


Page 71

Engine bay partly restored. Non-numbersmatching period replacement engine rebuilt approximately 5,000 miles ago. With close-ratio 4-speed transmission, power brakes, power steering. On Rally wheels. Cond: 3+. SOLD AT $14,580. Yellow is a good color for the C3 Corvette. This one was a good five-footer, let down mainly by the poor front bumper fit and dust in the paint. The interior and engine bay were in good shape overall, and the car had the more desirable 4-sp transmission. It's hard to find a 1969 Corvette in this condition for less than $20,000 asking, so I'm going to call this one well bought. Branson, Branson, MO, 9/10. #423-1970 CHEVROLET CORVETTE convertible. S/N 194670S401813. Cortez Silver/black vinyl/black vinyl. Odo: 3,883 miles. 350-ci, 4-bbl, V8, 4-sp. A stated numbers-matching car with original looking paint, area of respray on front left fender. Wiper scrape on windshield. Good chrome, with pitting on luggage rack. New, poorly fit top is off on both sides. Undetailed interior with new seats. Threshold trim shows significant use, aftermarket CD player in dash. Clean and tidy with cheap replacement driver's side interior door handle. Engine bay tidy but undetailed, new paint and insulation on underside of hood. With Turbo Hydramatic transmission, power steering, brakes, and windows, a/c, t-tops, and pop-out rear window. New tires with scrapes on wheel inserts. Cond: 3+. SOLD AT $18,630. The incomplete “freshen-up” job was evident on this big-block ‘Vette. The areas of poor paint prep on the “new” paint job made one wonder about what else might be under the two-stage white. The heavily worn original parts suggesting significant use help further explain the lack of bidding. Regardless, at the price purchased there is plenty of room for the buyer to tackle the issues on this well-optioned car and still come out ahead. Well bought. Silver Auctions, Reno, NV, 8/10. #736-1970 CHEVROLET CORVETTE convertible. S/N 194670S110230. Daytona Yellow/black/black leather. Odo: 38,119 miles. 454-ci, 390-hp, 4-bbl, V8, 4-sp. An older frame-off restoration. Respray good overall, with area of poor prep showing pin prick dots well. New seats, center console good but not refinished, door panels show little wear, steering wheel repaired at bottom. With AM/FM radio and functioning clock. Includes invoice and Protect-O-Plate. Cond: 2. NOT SOLD AT $45,000. Even a Daytona Yellow Corvette convertible can get lost in an auction of over 500 cars. Poor listing on the auction website, combined with bad placement on the floor, no signage, no information, and no seller on hand to answer questions all made for a guaranteed low bid. Silver Auctions, Reno, NV, 8/10. #108-1970 CHEVROLET CORVETTE coupe. S/N 194370S413100. White/tan leather. Odo: 81,865 miles. 454-ci 390-hp V8, 4-bbl, auto. California car from Susanville. Rally wheels, aging paint with chips and cracks, recent leather interior. Fitted with a/c, tinted widows, power steering, power disc brakes, power windows, tilt wheel, and AM/FM radio. Typical panel fit but front bumper very stock engine bay has a well-maintained appearance. Fresh paint on block, new hoses, new looking exhaust manifold. Cond: 3. SOLD AT $25,920. This was a nice, driver-level Corvette that had been partially freshened up but was not helped by lack of detailing. Winning bid was on the mark for condition. Well bought and sold. Silver Auctions, Reno, NV, 8/10. #696-1970 CHEVROLET CORVETTE coupe. S/N 194370S407793. White/tan leather. Odo: 1,460 miles. 454-ci, 390-hp, 4-bbl, V8, auto. New respray with prep issues at front end, chrome pitting on front bumper and luggage rack. Heavy wear on door handle indicates significant use. Has new leather seats and arm rest, original door panels dirty. Fitted along right front fender, and thin paint near edge of hood. Fresh chrome on bumpers, aftermarket side exhaust. New top. Interior presents nice and good headlight gaps. Rear bumper pitted, luggage rack installed. Mileage very likely correct. Cond: 3+. NOT SOLD AT $20,500. Reportedly bought to be a driver some years ago and maintained to that level. www.corvettemarket.com FALL 2010 Corvette Market 73


Page 72

Market Report Global Roundup Corvettes across the block Its condition pretty much limits it to that use, unless you want to go way upside down in a restoration—although without a 4-speed, that's hard to justify. Still, there was more in it than this price, so the seller was wise to hang onto it. Silver Auctions, Portland, OR, 9/10. #787-1971 CHEVROLET CORVETTE convertible. S/N 194671S10594. Yellow/ black/black leather. Odo: 79,843 miles. 350-ci, 330-hp, 4-bbl, V8, 4-sp. Driver condition Corvette restored in 1999. Older respray shows use, with chips on nose and rocker panels, crack on left front fender. Newer chrome replating slightly pitted. Replacement glass and seals in good condition. New top. Interior undetailed but presents well. Seats starting to split at seams, grass in heavily used carpet. Engine bay unfluffed, oil seepage showing power brakes, interior décor group, tilt/telescopic steering column, full tinted glass, and AM/FM. Cond: 2-. NOT SOLD AT $37,000. Not quite ready for an NCRS event, but a bit too nice to just drive—although the owner has obviously been enjoying it since completing the work earlier this year. The memory of the money spent must still be fresh, as it should've otherwise sold. Auctions America, Auburn, IN, 9/10. #87.1-1971 CHEVROLET CORVETTE coupe. S/N 194371S103967. Silver/black leather. 454-ci 365-hp V8, 4-bbl, 4-sp. Fitted with a/c, power windows, power brakes, and power steering. Protect-O-Plate. New paint and chrome, some windshield chips and delamination at bottom on left side. Visible rust nearly $52k, and I'd say it was fairly bought. Barrett-Jackson, Las Vegas, NV, 9/10. #99-1973 CHEVROLET CORVETTE convertible. S/N 1267Z3S431943. Mille Miglia Red/black vinyl/black vinyl. Odo: 59,899 miles. 454-ci 275-hp V8, 4-bbl, 4-sp. Said to have been bought as a numbers-matching car five years ago. Superior red paint job, good panel fit including headlight doors, American mags, OK tires. Fair interior, scruffy underhood. Heater core and windshield washers disconnected, windshield scratched. Front around valve covers. With power steering and brakes, LT1 engine, luggage rack. Rally hubcaps with good trim rings and center caps. Cond: 3. NOT SOLD AT $23,000. A driverlevel Corvette that was driven to the auction from out of state. The seller has had the car since its 1999 purchase in a summer snow storm in Colorado. Not much effort was put into the presentation, but bidders therefore had a window into how the car was treated on a regular basis. Bid was low and the seller could improve results with not much work. Silver Auctions, Reno, NV, 8/10. #E648-1971 CHEVROLET CORVETTE convertible. S/N 194671S104234. Silver/ black vinyl/black vinyl. Odo: 86,489 miles. 454-ci 365-hp V8, 4-bbl, auto. High-quality repaint shows good prep. Consistent, betterthan-stock door fit and panel gaps. Excellent fit on replacement top, seat leather like new, lessthan-expert installation of door panels and A-pillar trim. Engine detailed just shy of show standards. Recent chassis refurbishment, on A-pillar behind glass on right side. Welldetailed engine, valve cover paint shows issues. Cond: 2. SOLD AT $49,500. All the right options, mostly new parts, and good owner history. C3s are approaching the C2 price territory on a fairly regular basis, but they need to be well-sorted and have good history. BarrettJackson, Las Vegas, NV, 9/10. #352-1973 CHEVROLET CORVETTE convertible. S/N 1Z67Z3S428760. Green/ black vinyl. Odo: 3,001 miles. 454-ci 275-hp V8, 4-bbl, 4-sp. Paint shows some age but looks extremely good for being original, with typical faded rubber bumper. Interior also in great shape for being original. Engine not detailed and shows driving dirt. Both tops. Bloomington Gold Benchmark and NCRS Top bumper nice, rear worn. Cond: 2. SOLD AT $17,550. A fair example of an unloved model. I'd guess the paint job was applied first, on purchase, then other things went wrong and discouraged the seller from keeping up with it. No heater would certainly limit use in Oregon and I'll bet that's a bear to replace. Price seemed about right for the equipment and condition, but I'd still call it well sold. Silver Auctions, Portland, OR, 9/10. #T152-1977 CHEVROLET CORVETTE coupe. S/N 1Z37L7S408461. Black/black vinyl. Odo: 86,192 miles. 350-ci 210-hp V8, 4-bbl, auto. Shiny repaint at some point, paint cracks on both sides by the hood hinges and at the antenna. Weatherstripping showing age. Driver's side seat and door panel worn. Engine new bushings throughout. Fresh Flowmaster exhaust. With optional LS5 big-block, a/c, 74 Corvette Market FALL 2010 www.corvettemarket.com Flight at 98%. Cond: 2-. SOLD AT $51,700. Probably the best, most original '73 'Vette on the planet. What's a top price for a plastic nose 454 car with all the right awards? Today it was has new carb, air cleaner, and universal-fit hoses, but has been rattle-can detailed. Cond: 3. SOLD AT $10,450. Late C3s are pretty easy to come by, especially in this condition. The winning bid may have been just a bit strong, but overall, no harm done. Well sold. Mecum Auctions, St. Charles, IL, 9/10. #W308-1979 CHEVROLET CORVETTE coupe. S/N 1Z8749S433769. Corvette Red/ black leather. Odo: 62,253 miles. 350-ci 225


Page 74

Market Report Global Roundup Corvettes across the block hp V8, 4-bbl, auto. Miles believed correct. Better quality trim-off repaint in original Corvette Red. Recently reconditioned seat leather. Noticeably worn console, steering wheel rim, shift boot, and door panels. Period glass. First Corvette built at the Bowling Green assembly line June 1, 1981. Glass roof panels aftermarket AM/FM/cassette deck. Loosefitting original carpet along top of the console. Minimal engine cleanup. New Midas mufflers on older exhaust pipes. Equipped with optional L82 motor, a/c, and tilt/telescopic wheel. 1978 Indy Pace Car alloy wheels. Cond: 3. SOLD AT $11,000. If you really wanted a '79 C3, you'd be hard pressed to find one with better options and colors, not that 1979s are really popular. But this was a good deal for both buyer and seller. Auctions America, Auburn, IN, 9/10. #267-1981 CHEVROLET CORVETTE convertible. S/N 1G1AY8767B5101816. Black/red & black vinyl. 327-ci V8, 4-bbl, auto. Converted from coupe to convertible. Custom front end blends later C4 with C3, with poorly fitting bumper level headlights in lieu of pop-ups. Roll bar. Fairings glassed in behind seats where rear hatch used to be. Excellent paint. Lipstick-red interior, sports black and and driver's 6-way power seat. Custom twotone paint cost $399 extra. $19,919 on window sticker. Cond: 2+. SOLD AT $150,000. Sold as a pair with Lot 373.1, with proceeds to the Ralph Braun Foundation. Great for charity. A huge price for any '81 Corvette, but both are important parts of Corvette history. BarrettJackson, Las Vegas, NV, 9/10. TOP 10 No. 7 #373.1-1981 CHEVROLET CORVETTE coupe. S/N 1G1AY876BS431611. Cream/cream vinyl. Odo: 4 miles. 350-ci 190-hp V8, 4-bbl, auto. Some age and buffing swirls apparent on this essentially new '81 Corvette. Glass T-tops, enough that masking lines are barely perceivable. Headlight doors do not fit well, although the passenger doors are fine. Mostly faded interior, with the exception of new seat upholstery, which looks more yellow than tan. Just a quickie engine bay clean-up, but presents well. Older replacement exhaust system is starting to get rusty. “New” tires appear to have had some use. Cond: 3. NOT SOLD AT $4,800. 1984s are definitely not the in-demand ‘Vette these days. It was not a horrid car like some can be, but top bid was still pretty much what should have been expected from the market. But the buyer held out, apparently needing a little more to cover the cost of paint and wheels. Auctions America, Auburn, IN, 9/10. #T88-1985 CHEVROLET CORVETTE coupe. S/N 1G1YY0784F5133579. Blue/blue leather. Odo: 30,187 miles. 350-ci 230-hp fuelinjected V8, auto. Lots of paint cracking on driver's side, color mismatch on front and rear plastic bumper panels, paint rubbed on rear lower bumper. Driver's seat and door automatic, 6-way power seat. $19,138 window sticker. Cond: 1-. SOLD AT $150,000. Sold as a pair with Lot 373, so essentially this one was $75,000. The last Corvette built in the St. Louis GM plant, and its cousin was the first off the line at Bowling Green. Barrett-Jackson, Las Vegas, NV, 9/10. C4 red racing bucket seats. Dash looks new, carpets tired, driver's door pull loose. “Corvette” badge affixed to center back of windshield header. Not for the purist. Cond: 3-. SOLD AT $9,720. The car sat in the rain Friday night after it sold, and no one attached a top, so that probably means there wasn't one. I expected lackluster bidding followed by a no-sale, but I was wrong, as there was interest in the room. Extremely well sold. Branson, Branson, MO, 9/10. TOP 10 No. 6 #373-1981 CHEVROLET CORVETTE coupe. S/N 1G1AY8761B5100001. Camel & brown/tan leather. Odo: 14 miles. 350-ci 190-hp V8, 4-bbl, auto. Windshield delamination shows across top of 76 Corvette Market FALL 2010 www.corvettemarket.com #W304-1984 CHEVROLET CORVETTE coupe. S/N 1G1AY0787E5119112. Gold metallic/tan vinyl. Odo: 92,440 miles. 350-ci 205hp fuel-injected V8, auto. A later production car, with MT Car of the Year decal on hatch glass. Recently repainted, and done well panel show wear. The Z51 package digital dash appears to be functional. Engine bay is “car wash” clean with driving dirt. Cond: 2. NOT SOLD AT $6,300. A 30k mile used Corvette that presented as it should for the miles driven. This bid was right on the money. Mecum Auctions, St. Charles, IL, 9/10. #F92-1986 CHEVROLET CORVETTE convertible. S/N 1G1YY6787G5906811. Red/white vinyl/red leather. Odo: 435 miles. 350-ci 235-hp fuel-injected V8, 4-sp. Excellent paint, top, and interior. Old Goodyear Eagles are a bit scary, 4-speed a nice touch. Said to have been driven every two weeks (though not very far!) and all fluids recently replaced.


Page 75

Cond: 1-. SOLD AT $21,200. The first Corvette convertible since 1975's last wheezy 165-hp gasp. Fundamentally a new car, but not a particularly interesting one. All 7,315 Corvette convertibles were designated “pace cars” in 1986, though the real Indy Pace Car was yellow that year (and followed by 732 clones). I'd guess somebody was filling in a gap in his or her collection and this was a fine example for that. Consider this a benchmark price and no harm done. Mecum Auctions, Monterey, CA, 8/10. #W323-1989 CHEVROLET CORVETTE convertible. S/N 1G1YY3180K5106609. Red/black cloth/red leather. Odo: 45,088 miles. 350-ci 240-hp fuel-injected V8, auto. Heavily buffed-out original paint, consigning dealer's decal on the rear valance. Heavier wear on the driver's seat bolster, but not out of line with overall interior wear. Clean engine bay and undercarriage, with aftermarket quad glass pack exhaust system behind rear suspension. Equipped with optional performance rear axle, dual-power leather sports seats, electronic climate control, and Delco-Bose cassette stereo. Cond: 2-. NOT SOLD AT $16,000. 1989 was the last year for the original C4 dashboard, and by then the electrical gremlins were pretty much engineered out. Not at all a bad car for what was bid. Auctions America, Auburn, IN, 9/10. #38-1991 CHEVROLET CORVETTE coupe. S/N 1G1YY2388M5104648. Maroon/ black leather. Odo: 18,769 miles. 350-ci 250hp fuel-injected V8, auto. Few chips in paint on front clip, very clean engine, seats 100 hp. Dash reads “low oil level” on startup. Cond: 2+. NOT SOLD AT $18,500. It looked cosmetically correct for a well-kept 25k-mile Corvette, but everyone who witnessed the dash message kept their hands in their laps during this car's run across the block. Mecum Auctions, St. Charles, IL, 9/10. ■ stretching of leather on driver seat but otherwise as-delivered. Cond: 1. SOLD AT $31,900. Put away for profit in 1995, with a base list price in 1995 of around $46,000. Instant collectibles don't tend to deliver... I hope this wasn't the kids' college fund. Mecum Auctions, St. Charles, IL, 9/10. wrinkled. Ugly plastic Chrysler dealer sticker on rear bumper. Still has window sticker, with $36,754.00 showing as the original price. Cond: 2. SOLD AT $20,350. Low miles and a #F113-1996 CHEVROLET CORVETTE Grand Sport coupe. S/N 1G1YY2259T5600127. Blue & white/black leather. Odo: 24,293 miles. 350-ci 330-hp fuel- www.corvettemarket.com FALL 2010 Corvette Market 77 car wash?). Top scratched, remains of plastic dealer plate at rear. Cond: 3-. SOLD AT $11,232. The general wear on this car didn't seem commensurate with indicated miles, which was reflected in the price. ZR-1 prices still seem to be sinking, and at this point, they represent a lot of car for the money, as their reliability seems to have held up well. Quite well bought and well sold, but only as a driver. Silver Auctions, Portland, OR, 9/10. #T241.1-1995 CHEVROLET CORVETTE Indy Pace Car convertible. S/N 1G1YY32P3S5113141. Purple & white/ purple & black leather. Odo: 509 miles. 350-ci 300-hp fuel-injected V8, auto. A new 1995 Pace Car Corvette with 509 miles. Some good color, and it should be able to keep up with most everything else on the road today. A decent deal on a really clean C4 coupe. Barrett-Jackson, Las Vegas, NV, 9/10. #174-1991 CHEVROLET CORVETTE ZR-1 coupe. S/N 1G1YZ23J9M5800922. Bright Red/red leather. Odo: 49,249 miles. 350-ci 375-hp fuel-injected V8, 6-sp. One of 2,044 ZR-1s in 1991. Paint buffed within an inch of its life. Fair tires, good body fit, dried leather interior re-dyed, door rubber shrunk, driver's park lens fogged (from submersion in driver's seat. LT4 engine shows only minimal evidence of driving. Cond: 1-. NOT SOLD AT $25,000. Someone really cared for this Grand Sport. 24,000 miles had been driven lightly, but there is no shortage of these cars in fine condition to choose from. Bid was inline with the current market, but there may still be a bit more out there for it. Mecum Auctions, St. Charles, IL, 9/10. C5 #T156-2000 CHEVROLET CORVETTE coupe. S/N 1G1YY22G9Y5110716. Gray/ black leather. Odo: 25,266 miles. 5.7-L 345-hp fuel-injected V8, 6-sp. A few light paint chips on front. Glass T-tops. Driver's seat shows some wrinkles. Lingenfelter engine mods add injected V8, 6-sp. #127 of 1,000 Grand Sports built. Spotless paint and only light wear to


Page 76

By the Numbers Top 85 Corvette Sales at Auction July 2010 through October 2010* Rank Model 1967 Corvette 427/430 Coupe—First RPO L88 sold for $1,325,000 at Mecum Monterey Sold Price Location 1 1967 Corvette L88 427/430 convertible, First RPO L88 Built $1,325,000 Mecum, Monterey, CA 2 1971 Corvette ZR2 454/425 convertible 3 1953 Corvette roadster 4 1953 Corvette roadster 5 1958 Corvette convertible $466,400 Mecum, Monterey, CA $247,500 WWG, Auburn, IN $220,000 RM, Monterey, CA 6 1962 Corvette 485 Z06 Resto Mod 7 1963 Corvette 327/360 Z06 coupe 8 1981 Corvette coupe 9 1981 Corvette coupe 10 1958 Corvette convertible 11 1958 Corvette 283/290 Fuelie convertible 12 1958 Corvette convertible 13 1957 Corvette convertible 14 2001 Corvette 50th Anniversary convertible 15 1959 Corvette convertible 16 1967 Corvette 427/435 convertible 17 1961 Corvette 283/315 Fuelie convertible 18 1957 Corvette convertible 19 1958 Corvette Custom convertible 20 1962 Corvette convertible 21 1966 Corvette 427/425 roadster 22 1960 Corvette convertible 23 1955 Corvette 265/195 roadster 24 1957 Corvette 283/283 Fuelie convertible 25 1963 Corvette String Ray 327/360 pilot line convertible 78 Corvette Market FALL 2010 www.corvettemarket.com $181,500 Russo and Steele, Monterey, CA $164,300 Mecum, Monterey, CA $159,000 Mecum, Monterey, CA $150,000 Barrett-Jackson, Las Vegas, NV $150,000 Barrett-Jackson, Las Vegas, NV $143,100 Mecum, Monterey, CA $137,500 Gooding, Pebble Beach, CA $137,500 Barrett-Jackson, Las Vegas, NV $134,200 Barrett-Jackson, Las Vegas, NV $132,000 Barrett-Jackson, Las Vegas, NV $129,600 Silver, Reno, NV $123,200 Russo and Steele, Monterey, AC $121,000 Gooding, Pebble Beach, CA $118,250 Barrett-Jackson, Las Vegas, NV $117,700 Barrett-Jackson, Las Vegas, NV $115,500 Barrett-Jackson, Las Vegas, NV $107,250 Gooding, Pebble Beach, CA $106,700 Barrett-Jackson, Las Vegas, NV $106,000 Mecum, Monterey, CA $104,500 RM, Monterey, CA $104,500 RM, Monterey, CA Lot # Date S125 8/13/2010 S118 8/13/2010 46 9/2/2010 239 8/12/2010 S646 8/12/2010 F126 8/13/2010 F110 8/13/2010 373 9/25/2010 373.1 9/25/2010 S79 8/13/2010 1 8/14/2010 353.1 9/25/2010 651.1 9/25/2010 371 9/25/2010 467 8/5/2010 S667 8/17/2010 161 8/14/2010 643.2 9/25/2010 385 9/25/2010 362.2 9/25/2010 101 8/14/2010 660 9/25/2010 S112 8/13/2010 378 8/12/2010 248 8/12/2010 *Auction sales as recorded from June 28 through October 25 in the Corvette Market Digital Plus database (www.corvettemarket.com).


Page 77

Rank Model 26 1960 Corvette convertible 27 1958 Corvette convertible 28 1967 Corvette coupe 29 1961 Corvette race car 30 1966 Corvette 327/350 convertible 31 1961 Corvette 283 convertible 32 1963 Corvette Split Window coupe 327/360 Fuelie 33 1965 Corvette convertible 34 1958 Corvette Fuelie convertible 35 1954 Corvette convertible 36 1967 Corvette 427/400 convertible 37 1967 Corvette 427/390 convertible 38 1957 Corvette convertible 39 1960 Corvette 283/270 convertible 40 1961 Corvette convertible 41 1962 Corvette 327/360 Fuelie roadster 42 1954 Corvette roadster 43 1958 Corvette convertible 44 1967 Corvette coupe 45 1957 Corvette convertible 46 2004 Corvette Custom convertible 47 1958 Corvette 283/250 convertible 48 1954 Corvette convertible 49 1965 Corvette 396/425 convertible 50 1961 Corvette 283/245 convertible 51 1961 Corvette Custom convertible 52 1967 Corvette coupe 53 1966 Corvette convertible 54 1963 Corvette 327 coupe 55 1963 Corvette Split-Window coupe 56 1957 Corvette 283/245 convertible 57 1964 Corvette coupe 58 1985 Corvette Custom 383/812 59 1963 Corvette Fuelie convertible 60 1963 Corvette Splint-Window coupe 61 1960 Corvette convertible 62 1957 Corvette 283/270 convertible 63 1966 Corvette 427/425 coupe 64 1961 Corvette convertible 65 1959 Corvette 283 convertible 66 1958 Corvette 245 convertible 67 1961 Corvette convertible 68 1961 Corvette 283/270 convertible 69 1969 Corvette 427/435 70 1963 Corvette 327/34 Split-Window coupe 71 1965 Corvette convertible 72 1966 Corvette 427/425 convertible 73 1964 Corvette convertible 74 1956 Corvette convertible 75 1966 Corvette 427/390 convertible 76 1964 Corvette convertible 77 1957 Corvette convertible 78 1962 Corvette 327/360 convertible 79 1962 Corvette 327/360 convertible 80 1963 Corvette 327/300 Split-Window coupe 81 1967 Corvette coupe 82 1967 Corvette coupe 83 1973 Corvette convertible 84 1965 Corvette 327/365 convertible 85 1963 Corvette 327/340 convertible Sold Price Location $99,000 Barrett-Jackson, Las Vegas, NV $96,460 Mecum, Monterey, CA $96,460 Mecum, Monterey, CA $95,400 Mecum, Monterey, CA $95,400 Mecum, Monterey, CA $90,300 Carlisle, Carlisle, PA $90,200 RM - Auctions America, Auburn, IN $88,000 Barrett-Jackson, Las Vegas, NV $88,000 Gooding, Pebble Beach, CA $85,860 Mecum, Monterey, CA $85,607 Bonhams, Reims, FRA $85,250 RM, Monterey, CA $79,750 Barrett-Jackson, Las Vegas, NV $79,750 RM, Monterey, CA $77,000 RM, Rochester, MI $77,000 RM - Auctions America, Auburn, IN $77,000 RM - Auctions America, Auburn, IN $75,000 Silver, Sun Valley, ID $74,800 Barrett-Jackson, Las Vegas, NV $74,000 Mecum, St. Charles, IL $73,000 Leake, Houston, TX $71,550 Mecum, Monterey, CA $71,500 RM, Rochester, MI $71,500 Barrett-Jackson, Las Vegas, NV $71,500 Barrett-Jackson, Las Vegas, NV $70,000 Leake, Houston, TX $68,900 Mecum, Monterey, CA $68,000 Leake, Houston, TX $67,310 Mecum, Monterey, CA $66,000 Barrett-Jackson, Las Vegas, NV $66,000 Mecum, St. Charles, IL $65,175 RM - Auctions America, Auburn, IN $64,800 Silver, Reno, NV $64,000 Leake, Houston, TX $63,250 RM, Monterey, CA $63,250 Gooding, Pebble Beach, CA $62,700 Barrett-Jackson, Las Vegas, NV $62,010 Bonhams, Carmel, CA $61,600 Russo and Steele, Monterey, AC $61,560 Silver, Reno, NV $61,000 Mecum, St. Charles, IL $61,000 Russo and Steele, Monterey, AC $60,000 Mecum, St. Charles, IL $57,750 Carlisle, Carlisle, PA $56,250 Mecum, St. Charles, IL $55,080 Branson, Branson, MO $55,000 Mecum, St. Charles, IL $55,000 Mecum, St. Charles, IL $54,540 Silver, Reno, NV $53,900 RM - Auctions America, Auburn, IN $53,265 Mecum, Monterey, CA $52,500 Mecum, St. Charles, IL $52,470 Mecum, Monterey, CA $52,380 Branson, Branson, MO $51,940 Mecum, Monterey, CA $51,700 Barrett-Jackson, Las Vegas, NV $51,000 Mecum, St. Charles, IL $50,000 Mecum, St. Charles, IL Lot # 457 Date $100,440 Classic Motorcar Auctions, Canton, OH 547A 9/18/2010 $99,360 Silver, Reno, NV 8/5/2010 644.3 9/25/2010 S143 8/13/2010 F147 8/13/2010 S148 8/13/2010 S97 8/13/2010 F186 9/30/2010 W749 9/2/2010 648.1 9/25/2010 12 F50 19 8/14/2010 8/13/2010 9/11/2010 268 8/12/2010 361 9/25/2010 222 8/12/2010 241 7/24/2010 W713 9/2/2010 W689 9/2/2010 83 9/4/2010 670.2 9/25/2010 S193 9/16/2010 2472 9/17/2010 F117 8/13/2010 255 7/24/2010 671.2 9/25/2010 667 9/25/2010 2473 9/17/2010 S103 8/13/2010 185 9/17/2010 F167 8/13/2010 674.5 9/25/2010 S222 9/16/2010 W379 9/2/2010 490 8/5/2010 468 9/17/2010 207 8/12/2010 70 8/14/2010 630.1 9/25/2010 245 8/12/2010 S625 8/15/2010 737 8/5/2010 S37 9/16/2010 F440 8/18/2010 F253 9/16/2010 T89 9/30/2010 S121 9/16/2010 550 9/10/2010 F269 9/16/2010 S80 9/16/2010 352 8/5/2010 E627 9/2/2010 S58 8/13/2010 T236 9/16/2010 S147 8/13/2010 572 9/10/2010 S31 8/13/2010 352 9/25/2010 F208 9/16/2010 S173 9/16/2010 www.corvettemarket.com FALL 2010 Corvette Market 79


Page 78

Price Guide Buy-Sell Price Range Low High C1 (1953–62) 235/150 Roadster 235/150 Roadster 235/155 Roadster 265/195 265/210 Convertible 265/225 283/220 Convertible 283/245 283/250 FI 283/270 283/283 FI 283/230 Convertible 283/245 283/250 FI 283/270 283/290 FI 283/230 Convertible 283/245 283/250 FI 283/270 283/290 FI 283/230 Convertible 283/245 283/250 FI 283/270 283/290 FI 283/230 Convertible 283/245 283/270 283/275 FI 283/315 FI 327/250 Convertible 327/300 327/340 327/360 FI 327/365 L76 53 54 55 55 56 56 57 57 57 57 57 58 58 58 58 58 59 59 59 59 59 60 60 60 60 60 61 61 61 61 61 62 62 62 62 (1956–62, add $2k–$4k for auxiliary hard top.) C2 (1963–67) 327/250 Split-Window Coupe 327/300 L75 327/340 L76 327/360 FI L84 327/360 Z06 327/250 Convertible 327/300 L75 327/340 L76 327/360 FI L84 Grand Sport 327/250 Coupe 327/300 L75 327/365 L76 327/375 FI L84 327/250 Convertible 327/300 L75 327/365 L76 327/375 FI L84 327/250 Coupe 327/300 L75 327/350 L79 63 63 63 63 63 63 63 63 63 63 64 64 64 64 64 64 64 64 65 65 65 300 3,640 7 693 387 3,080 1,633 2,045 284 1,621 756 4,243 2,436 504 978 1,007 5,487 1,417 175 1,846 745 5,827 1,211 100 2,364 759 5,357 1,175 2,827 118 1,462 4,907 3,294 4,412 1,918 10,594 $125,000 $65,000 $62,000 $65,000 $45,000 $50,000 $42,800 $47,500 $57,000 $47,500 $66,500 $38,000 $42,800 $50,400 $46,100 $64,600 $37,100 $41,800 $50,400 $45,600 $63,700 $38,000 $42,800 $50,400 $46,600 $64,600 $39,000 $43,700 $47,500 $53,200 $63,700 $42,800 $45,600 $49,400 $71,300 10,919 $40,000 $43,000 $47,000 $72,000 $125,000 $35,000 $36,000 $39,000 $64,000 5 8,304 13,925 8,186 $6,000,000 $32,000 $34,000 $36,500 $55,000 $35,000 $37,000 $39,000 $56,000 $39,000 $39,000 $41,000 80 Corvette Market FALL 2010 www.corvettemarket.com $275,000 A $108,000 B $125,000 B $122,000 A $85,000 B $90,000 B $85,500 B $90,300 B $109,300 A $92,200 B $119,700 A $74,100 B $83,600 B $99,800 A $83,700 B $118,800 A $68,400 B $78,900 B $95,000 A $82,700 B $117,800 A $74,100 B $81,700 B $95,000 A $85,500 B $118,800 A $70,300 B $79,800 B $83,600 B $95,000 A $115,900 A $76,000 B $83,600 B $88,400 B $131,100 A $75,000 A $78,000 A $83,000 A $125,000 A $185,000 A $63,000 B $66,000 B $72,000 B $118,000 A $10,000,000 HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH A $53,000 B $59,000 B $65,000 B $95,000 A $60,000 B $64,000 B $68,000 B $97,000 A $71,000 B $70,000 B $75,000 B HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH 327/375 FI L84 396/425 L78 327/250 Convertible 327/300 L75 327/350 L79 327/365 L76 327/375 FI L84 396/425 L78 327/300 Coupe 327/350 L79 427/390 L36 427/425 L72 327/300 Convertible 327/350 L79 427/390 L36 427/425 L72 327/300 Coupe 327/350 L79 427/390 L36 427/400 L68 427/430 L88 427/435 L71 327/300 Convertible 327/350 L79 427/390 L36 427/400 L68 427/430 L88 427/435 L71 C3 (1968–82) 327/300 Coupe 327/350 L79 427/390 L36 427/400 L68 427/430 L88 427/435 L71 427/435 L89 327/300 Convertible 327/350 L79 427/390 L36 427/400 L68 427/430 L88 427/435 L71 427/435 L89 350/300 Coupe 350/350 L46 427/390 L36 427/400 L68 427/430 L88 427/435 L71 427/435 L89 427/430 ZL1 350/300 Convertible 350/350 L46 427/390 L36 427/400 L68 427/430 L88 65 65 65 65 65 65 65 65 65 66 66 66 66 66 66 66 66 67 67 67 67 67 67 67 67 67 67 67 67 Buy-Sell Price Range Low High 15,378 9,958 17,762 8,504 $43,000 $63,000 $65,000 $39,000 $39,000 $42,000 $43,000 $64,000 $70,000 $38,000 $43,000 $56,000 $68,000 $40,000 $45,000 $58,000 $70,000 $45,000 $48,000 $62,000 $72,000 14,436 $78,000 B $114,000 A $125,000 A $75,000 A $75,000 B $80,000 B $85,000 B $121,000 A $125,000 B $75,000 B $77,000 B $102,000 B $125,000 B $80,000 A $83,000 B $107,000 B $127,000 A $80,000 B $85,000 B $109,000 B $130,000 B $1,200,000 $2,000,000 A $95,000 $48,000 $50,000 $65,000 $75,000 $175,000 A $94,000 B $100,000 B $121,000 B $143,000 A $1,200,000 $2,000,000 A $99,000 $190,000 A HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH (For 1963–67, add $2k–$3k for side exhaust; $2k–$4k for auxiliary hard top; $4k–$6k for a/c; $5k–$8k for knockoff wheels; $6k–$10k for aluminum wheels.) 68 68 68 68 68 68 68 68 68 68 68 68 68 68 69 69 69 69 69 69 69 69 69 69 69 69 69 9,936 18,630 22,129 $18,000 $20,000 $25,000 $28,000 $225,000 $40,000 $54,000 $24,000 $26,000 $36,000 $35,000 $275,000 $46,000 $59,000 $18,000 $21,000 $25,000 $29,000 $250,000 $38,000 $50,000 16,633 $2,000,000 $23,000 $24,000 $30,000 $34,000 $275,000 $36,000 $41,000 $50,000 $58,000 C C C C $315,000 A $72,000 B $95,000 B $47,000 $52,000 $61,000 $69,000 C C C C $350,000 A $83,000 B $106,000 B $39,000 $43,000 $52,000 $60,000 C C C C $3,000,000 $50,000 $55,000 $63,000 $70,000 $325,000 A $69,000 B $93,000 B A C C C C $325,000 A HHH HHH HHH HHH HHHH HHH HHH HHH HHH HHH HHH HHHH HHH HHH HHH HHH HHH HHH HHHH HHH HHH HHH HHH HHH HHH HHH HHHH *Predicted appreciation over twelve months, where five-star cars will out-perform market at large, three-star cars are fully priced, and one-star cars are still depreciating Yrs. Built No. Made Investment Grade Appreciation Rating* Yrs. Built No. Made Investment Grade Appreciation Rating*


Page 79

Buy-Sell Price Range Low High 427/435 L71 427/435 L89 350/300 Coupe 350/350 L46 350/370 LT1 454/390 LS5 350/300 Convertible 350/350 L46 350/370 LT1 454/390 LS5 350/270 Coupe 350/330 LT1 454/365 LS5 454/425 LS6 350/270 Convertible 350/330 LT1 454/365 LS5 454/425 LS6 350/200 Coupe 350/255 LT1 454/270 LS5 300/250 Convertible 350/255 LT1 454/270 LS5 69 69 70 70 70 70 70 70 70 70 71 71 71 71 71 71 71 71 72 72 72 72 72 72 10,668 6,648 14,680 7,121 20,496 6,508 $45,000 $57,000 $18,500 $22,000 $28,000 $27,000 $24,000 $25,000 $33,000 $33,000 $18,000 $25,000 $25,000 $64,000 $25,000 $31,000 $33,000 $70,000 $18,500 $26,500 $27,500 $25,000 $35,000 $33,000 (1968–72, add $1k–$2k for auxiliary hard top; $2k–$3k for a/c.) $80,000 B $105,000 B $39,000 $40,000 $56,000 C C C $58,000 B $50,000 $55,000 $68,000 C C C $70,000 B $36,500 $53,000 C C $55,000 B $130,000 A $48,000 $65,000 C C $67,000 B $150,000 A $40,000 $55,000 $56,000 $51,000 $66,000 $67,000 C C C C C C HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH 350/190 Coupe 350/250 L82 454/275 LS4 350/190 Convertible 350/250 L82 454/275 LS4 350/195 Coupe 350/250 L82 454/270 LS4 350/195 Convertible 350/250 L82 454/270 LS4 350/165 Coupe 350/205 L82 350/165 Convertible 350/205 L82 350/180 Coupe 350/210 L82 350/180 Coupe 350/210 L82 350/185 Coupe 350/220 L82 350/185 Silver Anniversary 350 /220 L82 350/185 Pace Car 73 73 73 73 73 73 74 74 74 74 74 74 75 75 75 75 76 76 77 77 78 78 78 78 78 25,521 4,943 32,028 5,474 33,836 4,629 46,558 49,213 24,991 15,283 6,502 Buy-Sell Price Range Low High $13,000 $15,000 $17,000 $20,000 $22,000 $24,000 $11,000 $14,000 $15,000 $19,000 $21,000 $22,000 $10,000 $12,500 $18,000 $20,000 $9,000 $11,000 $9,500 $12,000 $9,500 $12,400 $12,400 $15,200 $19,000 $24,000 $28,000 $33,000 $33,000 $40,000 $42,000 $23,000 $28,000 $30,000 $32,000 $36,000 $40,000 $19,000 $23,000 $33,000 $37,000 $16,000 $20,000 $18,000 $22,000 $17,100 $21,900 $23,800 $28,500 $33,300 C C C C C C C C C C C C C C C C C C C C C C C C C HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH *Predicted appreciation over twelve months, where five-star cars will out-perform market at large, three-star cars are fully priced, and one-star cars are still depreciating www.corvettemarket.com FALL 2010 Corvette Market 81 Yrs. Built No. Made Investment Grade Appreciation Rating* Yrs. Built No. Made Investment Grade Appreciation Rating*


Page 80

Price Guide Buy-Sell Price Range Low High 350/220 L82 350/195 Coupe 350/225 L82 350/190 Coupe 350/230 L82 305/180 (California only) 350/190 Coupe 350/200 Coupe 350/200 Collector Edition 78 79 79 80 80 80 81 82 82 Convertible Malcolm Konner Comm. Coupe Coupe Convertible Callaway Cpe/Cvt Coupe Convertible 35th Anniversary coupe Challenge Racer Callaway Cpe/Cvt Coupe Convertible Challenge Racer Callaway Cpe/Cvt Coupe ZR-1 coupe Convertible Callaway Cpe/Cvt World Challenge Racer Coupe ZR-1 coupe Convertible Callaway Cpe/Cvt Coupe ZR-1 coupe Convertible Coupe ZR-1 coupe Convertible 40th Anniversary coupe 40th Anniversary convertible 40th Anniversary ZR-1 coupe Coupe ZR-1 coupe Convertible Coupe ZR-1 coupe 84 85 86 86 86 87 87 53,807 40,614 40,606 18,648 6,759 51,547 39,729 27,794 7,315 50 87 88 88 88 88 88 89 89 89 89 90 90 90 90 90 91 91 91 91 92 92 92 93 93 93 93 93 93 94 94 94 95 95 188 inc. 15,382 7,407 2,050 inc. 56 inc. 125 inc. 16,663 9,749 60 inc. 67 inc. 12,967 3,049 7,630 58 inc. 23 inc. 12,923 2,044 5,672 71 inc. 14,102 502 5,875 15,396 448 5,692 6,749 inc. inc. 17,536 448 5,346 15,323 448 $19,000 $10,000 $12,800 $11,400 $13,300 $9,500 $11,400 $11,400 $16,200 $5,500 $6,000 $6,500 $9,500 $38,000 $18,100 $22,800 $19,000 $22,800 C C C C C $17,100 D $20,000 $20,900 $28,500 C C C 20,007 10,625 $10,000 $7,500 $10,000 $20,000 $7,500 $10,000 $11,500 $24,500 $20,000 $7,500 $10,500 $24,500 $21,000 $8,000 $20,500 $9,000 $21,000 $24,000 $9,500 $19,500 $11,500 $21,500 $10,000 $20,000 $11,500 $10,000 $20,500 $12,500 $14,500 $17,500 $30,500 $11,000 $28,500 $14,500 $12,000 $28,500 $9,000 D $9,000 D $10,500 D $16,000 D $20,000 D $11,500 D $16,000 D HHH HHH HHH HHH HHH HHH HHH HHH HHH (1973–82, add $750 for aluminum wheels, $1,250 for auiliary hard top. 1978–82, add $650 for glass top.) C4 (1984–96) Coupe Coupe Coupe HH HH HH HH HH HH HH $32,000 D $11,000 D $16,000 D $20,000 D $37,500 D $31,000 D $12,000 D $16,000 D $37,500 D $32,000 D $13,000 D $30,000 C $16,000 D $32,000 D $35,000 D $13,000 D $31,000 C $17,500 D $32,000 D $14,000 D $31,500 C $18,000 D $14,000 D $34,000 C $18,000 D $21,000 D $25,000 $42,750 C C $16,000 D $39,000 C $19,000 D $16,750 D $40,000 C HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH Convertible Pace Car convertible Coupe Convertible Collector Edition coupe Collector Edition convertible Grand Sport coupe Grand Sport convertible 95 95 96 96 96 96 96 96 Convertible Pace Car convertible Coupe Convertible Hard top Coupe Convertible Hard top Coupe Convertible Z06 hard top Coupe Convertible Z06 hard top Coupe Convertible Z06 hard top 50th Anniversary coupe 50th Anniversary convertible Coupe Convertible Z06 hard top Commemorative coupe Commemorative convertible Z06 Commemorative hard top C6 (2005–present) Coupe Convertible Coupe Convertible Z06 coupe Coupe Convertible Pace Car convertible Z06 coupe Ron Fellows Z06 coupe Coupe Convertible Z06 coupe ZR1 coupe 97 98 98 98 99 99 99 00 00 00 01 01 01 02 02 02 03 03 03 03 03 04 04 04 04 04 04 4,444 527 12,326 2,798 4,031 1,381 810 190 9,752 Buy-Sell Price Range Low High $14,500 $24,000 $13,000 $15,500 $14,500 $16,000 $22,000 $25,500 19,235 10,686 1,163 18,078 11,161 4,031 18,113 13,479 2,090 15,681 14,173 5,773 14,760 12,710 8,297 8,727 6,475 8,635 4,085 7,547 13,950 9,557 3,658 2,215 2,659 2,025 05 05 06 06 06 07 07 07 07 07 08 08 08 09 26,278 10,644 16,598 11,151 6,272 21,484 10,918 500 8,159 399 n/a n/a n/a n/a $15,000 $15,500 $19,000 $25,000 $17,000 $20,500 $16,500 $18,000 $21,500 $18,000 $20,500 $22,500 $22,500 $21,000 $24,500 $22,500 $22,500 $27,000 $24,500 $27,000 $28,000 $24,500 $29,000 $29,000 $26,000 $31,500 $29,000 $19,000 D $31,500 D $17,000 D $20,500 D $21,000 D $25,000 D $35,000 $47,000 C C (1984–96, add $1,300 for auxiliary hard top, $600 for 6-sp, $3,000 for LT4 in 1996.) C5 (1997–2004) Coupe Coupe $19,500 D $20,500 D $25,000 D $32,500 D $21,500 D $26,000 D $21,000 D $23,000 D $26,000 D $22,500 D $24,500 D $28,500 D $28,500 C $26,500 D $30,500 D $30,500 C $27,500 D $32,000 D $31,000 C $34,000 D $36,500 D $30,000 D $35,000 D $33,500 C $32,500 D $36,000 D $36,000 C $28,500 $35,500 $32,500 $38,500 $49,000 $35,000 $47,500 $49,500 $54,500 $61,500 est. MSRP est. MSRP est. MSRP est. MSRP $36,000 D $40,500 D $38,000 D $44,500 D $54,500 C $39,500 D $53,500 D $55,500 D $58,000 $65,000 C C $43,000 D $50,000 D $65,500 C $120,000 B HH HH HH HH HH HH HHH HHH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH H H H H H H H H H H H H H H H H H H H H H H H H H H (Note: Bloomington Gold, NCRS certification, or racing history can add significantly to the value of a Corvette.) *Predicted appreciation over twelve months, where five-star cars will out-perform market at large, three-star cars are fully priced, and one-star cars are still depreciating 82 Corvette Market FALL 2010 www.corvettemarket.com Yrs. Built No. Made Investment Grade Appreciation Rating* Yrs. Built No. Made Investment Grade Appreciation Rating*


Page 82

Trick Stuff What you need for your Corvette and where to get it. By John Gunnell Make Your Mouse a Corvette A big, bad tach, a garden bench and a mouse you want to drive on a desk Big, bad tach Sunpro's Super Tach III has a large, 5-inch dial that registers -10,000 rpm. An adjustable swivel mounting foot allows nstalling the Super Tach III at any angle. An adjustable shift light can be positioned around the tach body for the best driver view. It features a vibration-proof, air-core meter movement to ensure a precise reading. It is factory calibrated and certified. The Sunpro website shows a Super Tach III installed in a 1987 Corvette. The price is $106. Visit www.sunpro.com. Save those grinding discs Corvette restorers can save Corvette garden benches Allen Ventures Rock Island garden benches can be engraved to show your passion for Corvettes. With prices starting at $326 for a base model, the maintenance-free benches are durable and functional. Rock Island Park Benches are offered with gray, brown or cedar planking. All have black legs. Stainless steel fasteners ensure lasting good looks. Call 877.423.9800 or visit www.allenventures.com. money and trouble with Steck Manufacturing Co.'s new Disc Smasher. The tool keeps grinding discs from curling up. The ratcheting handle holds grinding discs under pressure. Squeeze a release lever, and you can remove the Disc Smasher and reach a grinding disc. The capture-and-store design forces the disc to conform to the base for any of the three disc sizes, ensuring safe, flat, vibration-free grinding. Previously warped or curled discs can be returned to their proper shape. A Disc Smasher kit sells for $55. Call 800.227.8325 or visit www. steckmfg.com. Colorful C6 carpets Mid America Motorworks is offering C6 Corvette carpets that are available in 18 colors that complement factory interior trims and body colors. Each carpet set is manufactured from the finest, hand-selected OEM quality pile carpets that have been 100% solution dyed. Each set is also thermal-press molded and pre-trimmed for superior fit and finish. These carpets replace the forward passenger area carpet and the rear cargo area carpet of all C6s. The price is $499. Call 866.521.9922 or visit www. mamotorworks.com/corvette. Drive a Corvette mouse Speeding down the high-tech highway is a mouse click away with Speedway Motors' Corvette “Road Mouse.” The car-shaped computer mouse has a functioning headlight and is PC- and Mac-compatible. There's a standard wired configuration or a wireless model with a USB receiver that utilizes the latest RF and optical technology. Priced from $32.99 to $44.99. Visit www.SpeedwayMotors.com or call 800.979.0122. ■ 84 Corvette Market FALL 2010 www.corvettemarket.com


Page 83

NEW! “Fair”, “Good” and “Excellent” prices for all models, 1900–88. FREE! NOW ONLINE! The world's largest collector car price guide based on over 500,000 sold transactions from . Updated weekly. www.collectorcarpricetracker.com For the collector who needs to know what things are selling for, right now. Take your free test drive today.


Page 84

In Miniature By Marshall Buck Speaking Volumes XP-755 Mako Shark Corvette concept cars are really cool, and they always have been. It seems to me that the show cars of the 1950s and 1960s era (pre DOT and EPA) were very free flowing in thought, design and creativity. They were designed pretty much with the feeling that anything was possible. The chiefs of Styling and Design at the Big Three—and their top-tier designers—were akin to movie stars and athletes of the day. As a kid, I could easily recite their names. GM Styling/ Design head Bill Mitchell and Larry Shinoda, the designer of the 1961 Corvette Mako Shark were a couple of those celebrities. AutoArt started producing two models of the XP-755 Mako Shark concept car several years ago. Both replicate the car as it sits today. AutoArt's first offering was a 1:43 scale version released in 2001, which was followed with the substantially bigger 1:18 scale piece in 2006. Considering the parameters of making mass-production models, AutoArt has done reasonably well. I believe AutoArt experienced as much difficulty trying to reproduce the Mako Shark paint scheme as Bill Mitchell's team did with their attempts to please the boss. As the story goes, Mitchell had an actual mako shark—which he'd caught off Bimini—mounted on a wall in his office. He ordered his team to paint the car to match the distinctive way the shark's blue-gray upper surface gently faded into a white underside. Numerous painting attempts to match the car to the shark failed to satisfy Mitchell. Well, the team came up with the idea to sneak into the boss's office one night and “borrow” that troublesome stuffed shark. The team then painted the shark to match their best efforts on the car. With the fish returned under the cloak of darkness, Mitchell never noticed the difference and finally pronounced himself pleased with the team's paint job on the car. Both models perfectly capture the overall shape and major components of the car. Paint finish is smooth and glossy, and all the little emblems are in place. Interestingly, the side-mounted Mako Shark scripts and little shark emblem itself are correctly positioned on the smaller, 1:43 scale model—but not on the 1:18 scale piece. All emblems on the 1:18 car are beautiful chrome appliqués, but they are silver decals on the 1:43 scale model. Both have chrome-plated wheels, which are certainly not a match for the polished wheels on the real car. The chrome is just too bright. Each model has chassis detail, which certainly looks more impressive on the little one, as it has a more delicate look. Interiors are quite good, although a few minor details have been overlooked. Even though the 1:18 model has opening doors, hood and trunk, I can't get too excited as there is not much to see. The engine bay is a bit heavy-handed with chrome and black, which makes it appear more like a toy than a model. It is best to display it all buttoned up. The verdict? Although the larger 1:18 model fea- Mako Shark Details Production Dates: The 1:43 scale was made in 2001; 1:18 scale was made in 2006 Quantity: Thousands and thousands of each! CM Five-Star Rating: Overall Quality: Authenticity: Overall Value: Web: www.autoartmodels.com tures more detail with regard to opening panels and a few other bits, my personal preference is for the 1:43 scale model. Neither of these pieces is 100% dead on, but both are really very close, and enough so that if you're a fan of this car, then it's easy to justify buying one or both. The 1:43 scale model is $35.95 and the 1:18 is $122.95. Available from Harrell's Miniatures, 856.435.6239 or send email to harrellsminiatures@ comcast.net 86 Corvette Market FALL 2010 www.corvettemarket.com By Mark Wigginton The Corvette in the Barn: More Great Stories of Automotive Archaeology By Tom Cotter, forward by CM Publisher Keith Martin, Motorbooks, 256 pages, $17.13, Amazon.com Reviewing the newest of- fering in Tom Cotter's In the Barn series is like taking on the fourth or fifth Harry Potter installment. Folks who loved what came before will love the continuation of the series; those who don't get it won't get it this time either. But, fellow motorheads, what's not to get? Imagine finding that perfect, missing Sebring Sprite (hey, it's my fantasy; fill in your own) tucked up in a dry, insect- and mouse-free barn in the naturally humidity- controlled high desert of Eastern Oregon. Next thing you know, it's on track at Laguna Seca, patina intact after little more than a good wash and new brake fluid, with me behind the wheel. Easy, right? But there is more to it, as Tom Cotter and his army of scribes makes clear in every edition of “(Automotive Noun) in the Barn.” In this edition, the titular Corvettes (and all the other models) follow the familiar formula that turned Behind the Music into a VH1 brand: Scrappy rock band goes on to huge success, is then destroyed by drugs and hits bottom. But, in the end, they clean up and are ready to rock again! It's the same story in “Corvette” with famous hot rods, television show cars, race cars and all manner of rotting hulks lost, found and brought back to life. Each tale is relatively short, and sometimes the story of the hunter is as interesting as the back story on the lost car, with displays of single-minded determination and the social graces of a stalker. But that's the beauty of the series (this is the fourth book, following the The Cobra in the Barn in 2005, The Hemi in the Barn in 2007 and The Vincent in the Barn in 2009.) A great barn find is a universal dream—and just like buying lottery tickets, many dream—although few expect to win. I may not find that Sprite, and I'll never be any good at quidditch either, but I still keep my eyes open for a low-hours Nimbus 2000 at every garage sale. Provenance: The tales can be fully developed or kind of sketchy, and you have to take the word of lots of people about the authenticity of the cars in question. The stories about finding the cars are mostly single-source. I can only quote the famous journalistic instruction: “If you mother says she loves you, check it out.” Fit and Finish: A book with more of a feel of utility than design, the text comes first for The Corvette in the Barn. The photos, more than 125 in color, are the supporting cast rather than the stars of the book. Drivability: The stories display a wide range of readability. Some are lovely, while some lean toward the stylistic tone of a police report, with fact bumping into fact—and style and storytelling only a dream. But you aren't reading this for the prose. You are reading because you know that you will, one day, find your dream car in a barn. What more do you need? ■


Page 86

Resource Directory Auction Companies Auctions America by RM. 877.906.2437, 5540 CR llA Auburn, IN 46706. Home of the 480-acre Auction Park in Auburn, IN, where the annual Labor Day Auction is held in conjunction with the Auburn, Cord, Duesenberg Festival. www.auctionsamerica. com. (IN) Mecum Collector Car Auctioneers. 815.568.8888, 815.568.6615. 950 Greenlee St., Marengo, IL 60015. Auctions: Orlando, Kansas City, Rockford, Bloomington Gold, St. Paul, Des Moines, Carlisle, and Chicago. Nobody Sells More Muscle Than Mecum. Nobody. www .mecumauction.com. (IL) Russo and Steele Collector Automobiles. 602.252.2697, 602.252.6260. 5230 South 39th Street, Phoenix AZ 85040. info@russoandsteele.com; www .russoandsteele.com. (AZ) Silver Auctions. 800.255.4485, 2020 N. Monroe, Spokane, WA 99205. silver@silverauctions.com. www.silverauctions.com. (WA) The Worldwide Group. 866.273.6394, Established by Put your company in the CM Resource Directory. Call 877.219.2605 x211, or email advert@corvettemarket.com John Kruse and Rod C. Egan, The Worldwide Group—Auctioneers, Appraisers and Brokers—is one of the world's premier auction houses, specializing in the procurement and sale of the world's finest automobiles and vintage watercraft. www.wwgauctions.com. (TX) Corvette Parts & Restoration County Corvette 610.696.7888, Sales, service, parts and restoration. When it must be right. www.countycorvette.com. (PA) Mid America Motorworks 800.500.1500, America's leader in 1953-2008 Corvette parts and accessories. Request a free catalog at www.mamotorworks.com. (IL) AutoBahn Power. Performance + Looks + Durability + Comfort = Autobahn Power! Autobahn Power is a veteran of vehicle modifications, parts and accessories. Our specialty has been to carry products that are better than original equipment in performance, safety and quality. Our warehouse, service shop and retail store are located in the Midwest for good access to all parts of the USA. We have completed literally hundreds of project cars. These performance vehicles are in enthusiast's hands across the USA. Many of the cars are in daily use proving the durability of our workmanship and products. Check us out at www. autobahnpower.com. Classic Car Transport Intercity Lines, Inc.. 800.221.3936, 413.436.9422. Rapid, hassle-free, coast-to-coast service. Insured enclosed transport for your valuable car at affordable prices. State-of-the-art satellite transport tracking. Complete service for vintage races, auctions, relocations. www.intercitylines .com. (MA) Insurance Hagerty Collector Car Insur- ance. 800.922.4050. Collector cars aren't like their late-model counterparts. These classics actually appreciate in value so standard market policies that cost significantly more won't do the job. We'll agree on a fair value and cover you for the full amount. No prorated claims, no hassles, no games. www.hagerty.com. (MI) Corvettes for Sale Corvette Central Parts and accessories for all corvettes. Corvette Central has been a leading Ad Index Baymont Inn & Suites .......................87 Bloomington Gold ......................45, 47 Bowling Green Convention & Visitors Bureau. .................................92 Bruce Shaw .......................................88 Callaway ...........................................53 Chubb Personal Insurance ...................7 Classic Reflection Coachworks .........15 Classic Restoration ............................91 Continental Western Group ...............51 Corvette America ..............................11 Corvette Central ................................19 Corvette Correction ...........................89 Corvette Expo Inc .............................61 Corvette Eyewear ..............................81 Corvette Mike ...................................69 Corvette Repair Inc. ..........................67 Corvette Specialties ..........................73 County Corvette ..................................2 Cousin Joe's ......................................71 Grundy Worldwide ............................43 Heacock Classic ...............................35 JC Taylor ...........................................75 Jim Meyer Racing Products Inc. .......85 Long Island Corvette Supply Inc ......85 Mecum Auction ...................................3 Mid America Motorworks .................31 Midwest Corvettes & Classics, LLC 63 National Corvette Museum ...............89 National Corvette Restorers Society ...9 Nickey Chicago .................................57 Palm Springs Exotic Car Auctions ....55 Pro -Team Corvette Sales, Inc...........39 Reliable Carriers ...............................33 Route 427 ..........................................59 Silver Collector Car Auctions ...........17 Superior Chevrolet ............................65 SWISSVAX AG ................................37 The Chevy Store ...............................49 Thomas C Sunday Inc .......................81 Van Steel ...........................................85 Zip Products ......................................13 manufacturer and distributor of Corvette parts and accessories since 1975. We offer the most comprehensive and detailed parts catalogs on the market today and produce a different catalog for each Corvette generation. All catalogs are also online with full search and order features. From Blue Flame 6 to the new C6, only Corvette Central has it all. www.corvettecentral.com. (MI) County Corvette. 610.696.7888, The most modern and best equipped Corvette-only facility in the nation. www.countycorvette.com. (PA) The Chevy Store At The Chevy Store, you will find only the highest grade, investment quality Corvette and specialty Chevrolet automobiles. We take pride in providing our clients with the finest selection anywhere. Offering investment quality corvettes and Chevrolets for over 30 years! 503.256.5384 (p) 503.256.4767 (f) www.thechevystore.com. (OR) Museums National Corvette Museum 800-53-VETTE, The National Corvette Museum in Bowling Green, KY was established as a 501(c)3 not-for-profit foundation with a mission of celebrating the invention of the Corvette and preserving its past, present and future. www.corvettemuseum.com. (KY) ■ 88 Corvette Market FALL 2010 www.corvettemarket.com


Page 87

Subscribe Today! “The best Corvette magazine out there!” —Terry Michaelis, President, Pro Team Corvette Subscribe online at www.corvettemarket.com/special Call 877.219.2605 x 204


Page 88

Vette-o-bilia A Online trash and trinkets—some valuable, some not. By Carl Bomstead Drive Away Work Worries with a ZR1 Office Chair Having a bad day at work? Lean back and start up the Glo-mad clock s we search the internet for trinkets and trash that will liven up our Corvette Car Barn, we continue to come across all kinds of other stuff that we can attempt to sneak past the Chief Decorator and slide into the cozy confines of the family room. Corvette couches, wall hangings, lamps and neon signs are just a few of the things that have not made the cut. It's time for a new approach. Arcade games just might be the answer, as the C.D. might get interested in family unity by playing the games. We found a way cool 1994 Bally Corvette Pinball game with all kinds of Corvette logos that had already sold after one bid for $2,425. The 1950s Chicago Coin Big Ball Bowler is still available after failing to receive any activity with a Buy-It-Now price of $1,600. It was in original condition and five of the six games were operable. Sadly, the C.D. said “No way,” as the darn thing was over 14 feet long. We will keep trying, but here's some stuff we can use elsewhere: it was. Oops, another one was listed at about the same time for $36, and it sold quickly. It often pays to spend a little extra time poking around before jumping at the first opportunity. EBAY #270631312445—1994 BEACH BOYS CONCERT POSTER FROM CORVETTE MUSEUM DEDICATION. Number of bids: 6. SOLD AT: $52.53. Date sold: 9/12/2010. This poster was from the Corvette Museum dedication that took place at Bowling Green, KY, over the 1994 Labor Day weekend. The Beach Boys performed twice amidst a host of other activities that took place for the dedication. Cool piece of garage art for not a lot of money. VILLAGE McKENZIE'S CHEVROLET WITH 1963 CORVETTE. Number of bids: 25. SOLD AT: $100. Date sold: 8/30/2010. Department 56 makes all kinds of buildings and scenes for their Snow Village series of towns dating back to the ‘60s and ‘70s. This period Chevrolet store had a 1963 Split-Window in the showroom. These were priced at $85 when released, but they were retired in 2007. This one was new-in-the-box, so it was certainly worth the small premium paid. EBAY #270634530898— CORVETTE ZR1 OFFICE CHAIR. Number of bids: 11. SOLD AT: $545. Date sold: 9/19/2010. This was one of two chairs that were assembled at Bowling Green utilizing actual ZR1 passenger seats. They were made for a charity auction, and the winner of this one decided to cash in. Having a bad day at work with the boss all over you? Just lean back in your ZR1 chair and think about cruising the open road in your Corvette. EBAY #370296104835— 1954 CORVETTE POSTCARD. Number of bids: Buy-It-Now. SOLD AT: $54.95. Date sold: 9/20/2010. This original postcard for a 1954 Corvette was stated to be in excellent condition, and the seller also stated how rare and hard to find EBAY #120621101529— EBAY #110598480589— EBAY #350387369165— DEPARTMENT 56 SNOW 90 Corvette Market FALL 2010 www.corvettemarket.com CORVETTE 50TH ANNIVERSARY MOTORAMA SIGN. Number of bids: 20. SOLD AT: $182.50. Date sold: 10/21/2010. The 50th Anniversary Motorama featured a Corvette from each of the early years. It started in Bowling Green, KY, and then went on to St. Louis, MO, and finally ended in Flint, MI, during its tour of the sites where Corvettes were manufactured. We suspect this directional sign was “borrowed” SNAP-ON DIE CAST LS7 CORVETTE GLO-MAD DESK CLOCK. Number of bids: 3. SOLD AT: $51. Date sold: 9/16/2010. Snap-On developed this clock as part of their 1957 Nomad street rod program that was called the “Glo-mad.” The engine is an exact replica of the Corvette LS7 engine that was used in the car. It even makes authentic engine sounds and it has a working flywheel. Boy, if you had this on your desk—and were sitting in the ZR1 chair— who cares if the boss just chewed you a new one about the six more boxes of junk, I mean valuable collectibles, that the UPS guy just dropped off. ■ as a souvenir, and it will now make a cool piece of garage art at a reasonable price. EBAY #130419651640— PEWTER 1957 “FUELIE” BY FRANKLIN MINT. Number of bids: 7. SOLD AT: $600. Date sold: 8/17/2010. This 1:12 scale 1957 Corvette was finished in polished pewter and was highly detailed, with the key fob in the ignition and real leather seats. It was number 889 of 1000 issued, and it was priced at $1,000 when new. It was complete with all books and papers. Several others were offered with Buy-It-Now prices ranging from $650 to $895, so based on those, we can call this well bought.