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Page -1
6
Corvette Market
$57k
Complete Scottsdale Coverage—134 'Vettes Rated
Keith Martin's
The Insider's Guide to Collecting, Investing, Values, and Trends
Callaway C12: Corvette Supercar
Winter 2009
Mecum Sells 1963 Gulf One Z06 Racer for $1.1m
Exclusive Callaway Interview—Z06.R Wins FIA GT3
$286k DR-1 Concept Leads GM Heritage Fleet at B-J
www.vettemarket.com

Page 2
Corvette Market
Keith Martin's
Volume 2 . Issue 6 . Winter 2009
24 Gulf One: The Flying Dentist returns
Profiles
C1 1962 Resto-Mod—$104,500
22 by John L. Stein
C2 1963 327/360 Z06 Coupe “Gulf One”—$1,113,000
24 by Thomas Glatch
“This was a landmark sale for a Z06, the first to cross the
million-dollar line, and only the second mid-year
Corvette to do so.”
1963 Grand Sport #002 Roadster—No Sale
“As you can imagine, nearly every high-end Corvette
junkie in the world was in the room to watch the car, and
all of them were hoping for a record.”
26 by Michael Pierce
On the Cover: 1998 Callaway C12 Coupe.
Photo Gooding & Company and Pawel Litwinsky
4 Corvette Market WINTER 2009 www.vettemarket.com
“While we don't know what state this particular car was
in prior to modification, we do know it was a nice
example when it rolled across the block.”
C3 1971 350/330 LT-1 Coupe—$51,700
28 by Roy Sinor
C4 Ten from GM's Heritage Fleet
30 by Thomas Glatch
“Even though it was the only LT-1 present at BarrettJackson,
it would have compared well with any other
restored examples, anywhere.”
“Pre-production cars rarely see the light of day, and most
are destroyed either during development or after they
are no longer needed.”
C5 1998 Callaway C12 Coupe—$57,200
32 by John L. Stein
C6 Mini Profiles of Five 2005 Coupes
34 by Geoff Archer
”Driving this Callaway is like commanding the road—and
the attention of every motorist and pedestrian, too.”
“High-line cars of all makes have been spanked over the
past six months. Too bad they don't make a Head Up
Display for economic indicators...”

Page 3
Market Reports
38 Barrett-Jackson, Scottsdale, AZ
127 Corvettes bring $9.8m in the desert
by Paul Duchene, Jim Pickering, and Dan Grunwald
48 Russo and Steele, Scottsdale, AZ
23 Corvettes sell for $1.6m
by B. Mitchell Carlson
54 Mecum, Kissimmee, FL
At $1.1m, Gulf One leads the way as 86 Corvettes sell for $4.9m
by Dale Novak
64 Global Roundup
65 Corvettes from 18 auctions total $2m
by CM Market Analysts
Features
16 CM Insider's Seminar: The Corvette market in 2009
18 Callaway Competition: Bringing the fight to Europe in FIA GT3
20 Callaway Cars: Model by model, what to pay
18 American thunder in Europe
Departments
6 Publisher's Note
8 Industry Roundtable: Through the lens of Arizona
10 Q&A: More power, chassis details, Corvette pricing
12 Events: Things to do and places to be with your Corvette
13 Auction Calendar
36 Market Overview
76 Trick Stuff: Rebuilt parts, fancy valve covers, race data
78 By The Numbers: Top Sales, November to February
80 Resource Directory
82 Vette-o-bilia: Lord of the (sales award) ring
www.vettemarket.com WINTER 2009 Corvette Market 5
Walt Thurn

Page 4
Publisher's
Note
Kicking Tires in the Desert
Corvette Market
Keith Martin's
Volume 2 . Issue 6 . Winter 2009
Publisher Keith Martin
Art Director Kirsten Onoday
Executive Editor Paul Duchene
Managing Editor Stefan Lombard
Auction Editor Jim Pickering
Auction Analysts B. Mitchell Carlson
Linda Clark
Tom Glatch
Daniel Grunwald
John Clucas
Norm Mort
Contributors Carl Bomstead
Marshall Buck
Colin Comer
John Draneas
Peter Frye
Mike Mueller
Donald Osborne
Senior Web Developer Jerret Kinsman
Information Technology/
Internet Bryan Wolfe
Intern Bloor Redding III
Financial Manager Nikki Nalum
Operations Manager Jennifer Davis-Shockley
Print Media Buyer Wendie Martin
Director CM Television Roger Williams
ADVERTISING SALES
Advertising Executives Ted Alfano
This one gets two thumbs up
A
rizona in January has turned into the greatest Corvette Sell 'n Swap meet in the
world.
Between the seven auctions that CM analysts covered, more than 300 Corvettes
crossed the block. And that doesn't include the various Corvettes parked at various
“Cheapskate Corners”—the areas outside nearly every auction where sellers park their cars
with “For Sale” signs on them.
And unlike some of the major Corvette gatherings, where the majority of the cars are
C4s, C5s, and C6s, in Arizona most of the cars were collectible to a greater or lesser extent;
C1s, C2s, and C3s ruled the roost.
For the first time in 14 years, my schedule allowed me to visit nearly every auction. Plus,
we were able to have a second edition of our wildly successful Corvette Market seminar,
graciously hosted by Russo and Steele. There's nothing like watching 200 rabid Corvette
enthusiasts pepper an all-star panel with questions. The details are on page 16.
There's no better way to spend our time
In addition to the Corvette seminar, we met with groups of CM and SCM subscribers
and had a private tour of the RM and Gooding collections; Terry Lobzun of RM encouraged
the CM subscribers to examine the Grand Sport in detail, even down to touching various
surfaces.
The economy is clearly doing one of its gyrations, and we're finding out that things sim-
ply aren't worth what we thought they were a few months ago. This includes stocks, homes,
boats, airplanes, and collector cars. But one of the advantages collector cars have over most
possessions is that they also provide an excuse for like-minded people to come together.
Is there really any better way to spend an afternoon than standing in 75-degree sunshine,
kicking tires with a bunch of devoted gearheads, and arguing over whether the stinger on a
427/435 Corvette is “typical” or “atypical?”
In the pages of this sixth issue of CM, you can read what our market analysts thought of
the sales in Arizona and around the world. What I can report is that the spirit of camaraderie,
of a genuine shared affection for Corvettes, is alive and well, and it surmounts the twists and
turns of the market. ■
ted.alfano@vettemarket.com
877.219.2605 x 211
Cody Wilson
cody.wilson@vettemarket.com
877.219.2605 x 213
SUBSCRIPTIONS
Subscriptions Coordinator Mary Artz
Subscriptions 877.219.2605 x 204
9 am to 5 pm, M-F
service@vettemarket.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.vettemarket.com
6 Corvette Market WINTER 2009 www.vettemarket.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 © 2009
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
Which Corvette Sale Surprised You the Most
and What Did It Tell You About the Market?
Drew Alcazar
President, Russo and Steele,
Scottsdale, AZ
The most notable thing about this year's
Scottsdale Corvette market, particularly at
our event, was that things were reasonably
stable. I have been saying for years that
the best market is one that has incremental
growth in value that essentially offsets the
costs of ownership.
Many sellers in the recent past main-
tained wildly optimistic expectations of
value. They extrapolated, “My car must be
worth at least $XXXX,” simply because a
Z06 tanker sold for bazillions at some public
auction.
On the other hand, buyers were frustrated
as well. Just when they thought there was
no way to pay a particular price for a car,
someone else bought it. These two colliding
forces drove the market to a frenzy.
What I witnessed in Scottsdale this
January was the stabilization of the market
with reasonable prices and some excellent
dollars spent passionately by astute collectors
on the very best, original, numbers-matching,
documented cars. Good cars sold for good
money; great cars sold for a premium.
I believe the hobby is considerably stron-
ger now that enthusiasts are well educated,
with many sanctioning bodies and information
sources at hand to accurately determine
the correct value of our beloved Corvettes.
A stable marketplace is a healthy one—with
collectors still passionately buying the best
of the best. This will allow the true “collector
grade” Corvettes to rise to the top, and that is
a welcome surprise.
David Gooding
President, Gooding & Company,
Santa Monica, CA
The Corvette market parallels the rest
of the classic car market, as testified by the
results at our Scottsdale auction. We believe
that the best examples will continue to bring
strong prices and should continue to hold
their value in the years to come.
One example of a strong result is the 1967
427/435 coupe that was sold at our Scottsdale
auction. This was an exceptional car that was
completely verified by the NCRS, accompanied
by thorough documentation and featured
all the options that make a big-block Corvette
sought after. I would have no difficulty believing
that, in due time, this car will achieve
the values that were attained during the peak
of the muscle car market.
On the other hand, we see more mun-
dane cars bringing commensurate prices.
Corvettes that lack exciting options and
NCRS verification, or are more commonplace,
currently do not fair as well in today's
market, as people are inclined to wait for the
best examples.
Craig Jackson
Chairman and CEO, Barrett-Jackson,
Scottsdale, AZ
I was surprised and very pleased at the
response we got for special-edition C4
models, especially the 1989 ZR-1 “Snake
Skinner” that sold for $176,000 and the 1990
ZR-1 Active Suspension prototype that went
for $150,700, both from the GM Heritage
Fleet. Both were experimental cars that pioneered
performance aspects of the Corvette
that we enjoy today.
There was speculation as to whether or
not these C4 Corvettes had collectability in
today's market.We had examples scattered
throughout our auction lineup and buyers
showed up ready to spend serious money on
them, even on the early days of the auction
when these two cars were sold.
Looking back on Scottsdale, I believe
these special edition C4s, especially the
ZR-1s, have been established as bona fide
collector cars that should increase in value
and popularity.
8 Corvette Market WINTER 2009 www.vettemarket.com

Page 7
Dean Kruse
President, Kruse International,
Auburn, IN
With 28 Corvettes crossing the auction
block at our Scottsdale sale this year, we saw
a price range from $85,000 for a red 1957
to a low of $3,000 for a 1984 that was not in
running condition.
From a collector's perspective, I would
recommend purchasing a Corvette from 1953
to 1972 in model year. They are holding their
value well at this point in time. Although I
must say the high-dollar, big-block, numbersmatching
cars may have leveled off at this
time in the market place.
But there is still a moment of silence and
a sense of admiration when a beautiful, shiny
Corvette roadster pulls up to the auction
block, and with the results of our 2008 auctions
and thus far this year, Corvettes are still
one of the most sought-after vehicles in the
collector car industry.
Rob Myers
President and CEO, RM Auctions,
Blenheim, Ontario, CAN
The Chevrolet Corvette has enjoyed a
unique, singular market in the collector car
hobby, as the marque has never had direct
competition like the Big 3's pony cars. Now
into its sixth generation, the Corvette's
longevity can be attributed to its eye appeal,
performance, and reliability as America's
most iconic personal sports car.
1963 was a significant milestone for the
Corvette, as it introduced the aggressive new
Sting Ray body and chassis design based
on the Mako Shark concept. The most important
and rarest Corvette to come to market
in many years was the 1963 Corvette Grand
Sport roadster (002) recently offered at RM
Auctions's “Automobiles of Arizona” sale in
Phoenix. This particular roadster version was
one of five factory-built race cars designed
for international competition by Zora ArkusDuntov
before GM management cancelled
the project.
The final $4.9 million bid that was offered
on the Grand Sport was an exciting highlight
of the Arizona sale. However, it was not
within range of the owner's reserve. The bidding
does indicate that the market continues
to be strong for “holy grail” cars with documented
provenance and originality.
The first three generations of
Corvette will continue to capture the
majority of interest in the Corvette collector
market, as this era exemplified its legendary
status in popular culture.
At this year's Arizona event, RM offered
two other important Corvettes—an early
1954 model with 38,000 original miles that
fetched $91,000, and a race-prepped 1957
model that brought $75,000, both expected
market price.
www.vettemarket.com WINTER 2009 Corvette Market 9
Mitch Silver
Owner and President, Silver Auctions,
Spokane, WA
Honestly, this may sound strange, but I
was both surprised and pleased that Arizona
showed a very consistent and stable market
value for Corvettes. For example, a 1964
coupe described as a “survivor driver,”
with non-matching numbers in #3 condition
changed hands at $31,860.
A 1978 Anniversary Edition L82 showing
50,338 miles but sold as exempt in condition
#3 brought $11,340. A highly modified 1965
coupe with a 502-ci engine and a custom
leather interior was our top-price Corvette
at $53,000. These prices all reflect almost
exactly what these same cars have been
fetching in the auction market over the past
two years. Overall, I'm seeing less money
being spent at the sales but individual car
values holding steady.
One car that felt to me like a good buy
was a 1998 Pace Car in purple with only
17,900 miles from new. In #1.5 condition, it
changed hands at $23,000. A significant factor
is that my sellers throughout the country
are not contacting me with panic or selling
concerns. In 1990, this was not the case.
What manifested at our Arizona auction
was a scenario where the high bidder on a
vehicle with a reserve was in a good position
to let the auction company closer negotiate a
sale, at a price the bidder had set. It's a good
time to be the high bidder, at your price. The
reduced competition will mean your fair
market offer has a better chance of being
accepted.

Page 8
Questions
&Answers
by Colin Comer
Are 'Vettes immune?
After watching much of the
Arizona auction action, it
seems like Corvettes are holding
their values better than average
muscle cars. Do you agree, and
what would you consider to be the
best year or years to appreciate in
the future?—B.T., Akron, OH
Corvette values, just like
every collector car (or
tangible asset, for that matter),
are certainly not immune to this
unprecedented financial crisis.
However, as you witnessed live
and on Speed, indeed prices on
certain Corvettes are doing quite
well, to the surprise of many.
What it all boils down to is that
there are some forced sales right
now of cars that have not been
available for a long time.
Quality and provenance sell,
especially with Corvettes, since
so few really good examples of
rare models exist. Obviously,
models that have always been
popular will hold their values the
best and appreciate ahead of the
fringe cars in the future.
Stick to thoroughly
documented, legitimate highhorsepower
C1, C2, and C3 cars.
Buy the best examples you can
find, and in good colors. Pay particular
attention to Bloomington
Gold Survivor and Benchmark
Certified cars; that is one segment
that is just waking up and
represents the future of the hobby.
Regardless of the price range,
buy the best quality and history
you can afford. There are lots of
opportunities out there right now
for getting the Corvette of your
dreams—and on sale!
They painted my bottom
I have a '69 L71 coupe that
has all its original drivetrain
and body. It has very nice paint
and a very nice original interior.
moderate “super tune” session.
Plenty of specialists can properly
rebuild and calibrate your stock
Quadrajet carburetor for better
performance, all while being
emissions compliant.
Also, the factory distributor
Corvettes held their own in Arizona
The previous owner wanted to
“clean up” the bottom, so he had
it treated to a classic “black out,”
which included spraying over all
the natural areas and the brake and
fuel lines. Is it worth having the
bottom stripped and redone to be
more correct?—J.M., Austin, TX
Yes. As daunting as it may
look at first, chassis restora-
tion is more elbow grease than
anything else, and a properly
detailed chassis makes an otherwise
“good” car into a “great”
car. Your saving grace may
be that most graffiti artists, er,
“black out” guys, rarely properly
prepare the chassis, so sometimes
even a careful high-pressure
steam cleaning removes 80% of
the vandalism.
Lacquer thinner, aircraft
paint stripper, and other tools
will take care of the rest. It also
means this is a great time to drop
the suspension and rebuild/detail
each component and replace all
of the brake and fuel lines with
new ones, install proper shocks,
correct exhaust components,
and the like. If you don't want to
try it yourself, find a competent
10 Corvette Market WINTER 2009 www.vettemarket.com
Corvette restoration shop that is
familiar with the proper finishes
and techniques for the various
surfaces and components. Then,
break out the under-car mirrors
at the next Dog 'n Suds cruise
night.
More power, please
I have a 1975 Corvette
convertible. It has 19,000
miles on it and I've owned it since
1978. I bought it because I didn't
think they'd make any more
open Corvettes, but GM doublecrossed
me in 1986. It's steel
blue, which is the rarest color,
but its performance is pitiful,
with just 165 horsepower, even
though I have a 4-speed. How
much can I modify this before it
hurts the value? I know it's not
worth much, but I'd like to have
a bit more fun with it before my
kids take my keys away.—L.R.,
Phoenix, AZ
I feel your pain. The
1970s were dark years for
performance, to be sure. All is not
lost, however, as you have many
options to wake up your C3. The
cheapest upgrade would be a
advance curve is lethargic. Either
a performance replacement or a
recurving of your original unit,
along with a high-output coil and
good wires and plugs, will work
wonders in combination with the
carb upgrade. Once it is all together,
a proper tune on a chassis
dyno will confirm everything is
working properly. We usually see
gains of 30 hp or so just tweaking
the factory setup.
After that, a high-flow
catalytic converter and decent
exhaust do lots for performance,
and a good aftermarket aluminum
intake manifold can be disguised
to look almost stock—and
it will be hidden under all that
emissions spaghetti anyway.
The next level would be a
performance camshaft and lifters.
Again, keep in mind emissions
requirements in your area and
consult a knowledgeable shop. If
you still hunger for more, yank
the motor and have it rebuilt to
performance specs with more
compression, ported or aftermarket
heads, and proper matching
of components, which should net
a good, solid 300–350 hp and
be reliable as the day is long,
while still looking bone stock
externally.
Or, if you want to leave your
19k mile engine sealed up just
as it left the General, investigate
any number of the crate engines
available. All should plug right
in with your original components
bolted to them. And your original
motor will make a great coffee
table until the next owner is ready
to reinstall it when he puts the car
in a bubble. ■
Please send your questions to questions@vettemarket.com. All submissions subject to editing.
Playing the Horsepower Game
Your saving grace may be that most graffiti artists, er, “black out” guys,
rarely properly prepare the chassis

Page 10
Insider's
View
Event
Guide
Alabama
05.14.09–05.16.09
Corvette Beach Caravan, Dothan
Hosted by Circle City Corvettes, this great
event is a leisurely drive from Dothan,
Alabama to Panama City Beach, Florida,
with plenty of party time in between. The
weekend includes special guests, seminars,
door prizes, and a Corvette memorabilia
auction to benefit the National Corvette
Museum. www.circlecitycorvettes.com.
California
03.27.09–03.29.09
Legends of Riverside Racing Film Festival
and Gala, Riverside
This unique film festival will screen notable
gearhead flicks such as “Death Race 2000,”
“Thunder Road,” and “The Big Wheel,” as
well as automotive and motorsport documentaries.
Special luncheons and dinners, a
Cannonball Run Roundtable, a CanAm and
F5000 display, a tribute to Paul Newman,
and many other events round out the weekend.
Tickets are limited and start at $199,
all-inclusive. www.legendsofriverside.com.
04.18.09
Long Beach Grand Prix, Long Beach
The third annual American Le Mans Series
race on the famous street circuit will be
bittersweet for Corvette fans, as Corvette
Racing will shut down its GT1 program
The current state of the Corvette market
Send your Corvette event listing to cmcalendar@vettemarket.com.
following the event. This is your last chance
to watch factory Corvettes duke it out for
victory. Tickets start at $57. www.americanlemans.com.
05.03.09
A Legend on Display 29, San Leandro
All entries will receive an award at this
Corvette show, which will feature classes
for Stock, Modified, and Custom, as well
as divisions for all Corvette generations.
Sponsored by the Northern California
Corvette Association. www.nccacorvettes.com.
05.16.09
Corvette Dreamin' Car Show, San Diego
This fifth annual event is hosted by Corvettes
of San Diego and includes an NCCC-sanc-
Corvette factory team will bow out after Long Beach Grand Prix
12 Corvette Market WINTER 2009 www.vettemarket.com

Page 11
tioned Peoples' Choice Car show, as well as
a non-sanctioned judged show. www
.corvettesofsandiego.com
Connecticut
03.21.09
NCRS Northeast Chapter Judging School,
Wallingford
www.ncrs.org
Florida
03.13.09–03.15.09
Amelia Island Concours, Amelia Island
Nothing kicks off the concours season like
Amelia, one of America's premier automobile
events. CM Publisher Keith Martin
will be there as a judge, and CM will have a
booth. Stop by and seay hello. The weekend
will feature plenty of special programs
and guests. Racing greats from the era of
front-engine open-wheel racing in America
will gather for a seminar entitled “The Great
Roadster Drivers,” while noted automobile
historian and author Ken Gross will moderate
a panel called “The Great Customizers,”
which will include Chip Foose, George
Barris, and others. Veteran racer and current
Speed Channel commentator David Hobbs
will serve as concours honoree. Tickets for
the seminars start at $20, while concours
tickets are $45 for adults, $20 for students.
www.ameliaconcours.org.
03.21.09
57th Mobil 1 Twelve Hours of Sebring,
Sebring
The American Le Mans Series will kick
off its 100th race at America's most storied
endurance event. Watch as the mighty
Corvette C6.Rs race into the darkness and
do battle against a diverse field of sports cars
and prototypes from Porsche, Ferrari, Aston
Martin, Ford, Acura, and more. Tickets start
at $80. www.americanlemans.com.
Iowa
06.06.09
11th Annual Spring Fling All-Corvette
Show, Indianola
Don't miss the largest all-Corvette show in
Warren County, put on by the Warren County
Corvette Club. The event will include a
50/50 drawing, lots of great food and music,
raffles, door prizes, and other awards. Prize
categories encompass all Corvette generations,
with special awards for Best of Show,
Best Sounding Pipes, Mayor's Choice, and a
cash award for the largest club participation.
http://clubs.hemmings.com/wccorvette.
MARCH
7—KRUSE
San Diego, CA
8—BONHAMS
Oxford, UK
9—SHANNONS
Melbourne, AUS
14-15—ICA
Gilbert, AZ
14—H&H
Coventry, UK
14—RM
Amelia Island, FL
20-21—KRUSE
Las Vegas, NV
20-21—MECUM
Kansas City, MO
21—LEAKE
San Antonio, TX
21—SILVER
Seattle, WA
27-28—VICARI
Daytona Beach, FL
APRIL
3-4—KRUSE
Schaumburg, IL
3-4—WORLDWIDE
Escondido, CA
3-5—RM
Toronto, CAN
5—BONHAMS &
GOODMAN
Sydney, AUS
9-11—BARRETT-JACKSON
West Palm Beach, FL
16—H&H
Buxton, UK
17-18—COX
Branson, MO
1954 Corvette offered at RM Amelia Island
17-19—KRUSE
Palm Beach, FL
20—BONHAMS
Hendon, UK
23-24—CARLISLE
Carlisle, PA
25—KRUSE
Amarillo, TX
25-26—RM
Novi, MI
MAY
2—KRUSE
Huntsville, AL
2—WORLDWIDE
Houston, TX
4—SHANNONS
Sydney, AUS
9—BONHAMS
Newport Pagnell, UK
9—SILVER
Salt Lake City, UT
13—SILVER
Spokane, WA
13-17—MECUM
Indianapolis, IN
15-16—KRUSE
Charleston, SC
17—RM
Maranello, ITA
18—BONHAMS
Monte Carlo, MCO
22-23—KRUSE
Paso Robles, CA
28-31—KRUSE
Auburn, IN
30—MIDAMERICA
St. Paul, MN
JUNE
1—SHANNONS
Melbourne, AUS
7—BONHAMS &
BUTTERFIELDS
Greenwich, CT
12-14—LEAKE
Tulsa, OK
13—SILVER
Coeur d'Alene, ID
20—KRUSE
Topsfield, MA
20—KRUSE
Sevierville, TN
20—MECUM
St. Paul, MN
26-27—AUCTIONS
AMERICA
Raleigh, NC
26-27—MECUM
St. Charles, IL
Auction Calendar
www.vettemarket.com WINTER 2009 Corvette Market 13

Page 12
Insider's
View
Event
Guide
The current state of the Corvette market
Send your Corvette event listing to cmcalendar@vettemarket.com.
New Jersey
04.18.09–04.19.09
Strictly Corvette Show, Atlantic City
Held at the new Atlantic City Convention
Center, this show will showcase hundreds of
Corvettes, from classics to customs and everything
in between. Don't miss the special
display, “Walk in History,” which features
56 years of Corvettes, from the 150-hp 1953
Roadster to the 620-hp 2009 ZR1. With more
than 250 vendors on hand, there's something
for everyone. www.strictlycorvette.com
New York
06.05.09–06.07.09
Cruisin' Around the Mountains, Saranac
Lake
The Found Caravan Corvette Club will host
this popular event, which includes a welcome
party, a catered lunch and show at Ellis
Chevrolet, a ride on the Adirondack Scenic
Railroad, and a judged show. www
.vettes1.com.
North Carolina
Kentucky
04.13.09
10/10ths Motorsports HPDE, Sparta
Bring your Corvette out to the new
BlueGrass Motorsports Park for a high-performance
driving event, put on by 10/10ths
Motorpsorts. The track time will include
three group events with instructors available
for novice drivers, and expert coaching
will be available to the intermediate and
advanced groups. Up to three hours of track
time is offered. www.1010thsmotorsports
.com.
04.23.09–04.25.09
C5/C6 Bash, Bowling Green
This twelfth annual event includes a scenic
tour to the heart of bluegrass country and the
International Bluegrass Museum, as well as
a tour to browse antiques and local crafts.
The Corvette Customer Assistance team will
be on hand to discuss factory warranty and
other customer-related issues, and there will
be several informative seminars covering the
2010 Corvette and more. www.corvettemuseum.com.
Minnesota
06.05.09–06.07.09
Corvettes for a Cause, Hutchinson
Crow River Corvettes will host this second
annual Corvette fundraiser for the National
Breast Cancer Foundation and the American
Cancer Society. Events include a meet &
greet, a welcome party with food, drinks and
prizes, a car show, Fun-Kana, Blind Faith
Autocross, Hidden Time Rally, Dart Run,
awards banquet, a golf tournament, and
plenty more. The first 100 cars registered get
free visors, dash plaques, and goodie bags.
This event is rain or shine. www.crowrivercorvettes.com.
Nevada
05.07.09–05.11.09
2009 WSCC Viva Las Vegas Corvette
Convention, Las Vegas
The Western States Corvette Council welcomes
all Corvette owners to its annual convention.
Activities over the four days include
poker rallies, a judged car show under the
Fremont Street canopy, and an all-Corvette
day at the Las Vegas Motor Speedway, with
bracket drag racing and autocross. There is
also go-kart racing, lots of parties, a fun hospitality
suite competition for Corvette clubs,
and more. www.corvetteconvention.com.
05.14.09–05.16.09
NCRS Nevada Regional Meet, Lake Tahoe
www.ncrs.org
04.23.09–4.26.09
NCRS Carolinas Chapter Regional,
Matthews
www.ncrs.org
05.23.09–05.24.09
Vettes in the Valley Corvette Show,
Maggie Valley
Set against the backdrop of the beautiful
Smoky Mountains, this annual event
includes Judged, Peoples' Choice, and
Participants' Choice trophies and awards,
plus specialty trophies for unique Corvettes.
With plenty of vendors and entertainment,
as well as a road rally, loud exhaust contest,
door prizes, goodie bags, and raffles, no one
will go home bored. www.smokyevents.com.
South Carolina
04.18.09
'Vettes Doin the Charleston, North
Charleston
Join the Coastal Carolina Corvette Club for
this show to benefit the National Corvette
Museum. Arrive early to get in on the Friday
reception. Participants can take part in two
different judged events—Participants Choice
awards, which includes all attendees, and an
optional judged award class. www.4cccc.org.
14 Corvette Market WINTER 2009 www.vettemarket.com

Page 13
Tennessee
03.27.09–03.28.09
Corvette Expo, Sevierville
This event, held at the Sevierville Events
Center, is now in its 32nd year. Expect to see
a swap meet and judged competition featuring
the special category Horsepower and Hot
Rods, as well as this year's featured car—the
Corvette Custom—which will include any
modified Corvette from any year. The event
“Corvettes Cruise the Smokies” will take
place Friday evening, and a Thompson-Carr
Collector Car Auction will take place on
Saturday. www.corvetteexpo.com.
Texas
05.15.09–05.17.09
Lone Star Corvette Classic XX, Fort Worth
This 20th annual event will be held at
Texas Motor Speedway, and more than 600
Corvettes of all stripes are expected. During
the three days, take part in Casino Night,
a silent auction, car corrals, a Saturday car
show, gymkhana, and Sunday track events.
Proceeds from the weekend benefit the
National Corvette Museum and Speedway
Children's Charities. www.lonestarcorvette
.com. ■
Bloomington Gold's a Must Go
Great cars, a great setting, and lots to do—what more do you need?
A
s a Corvette owner, you owe it to yourself to be a part of this
year's Bloomington Gold's 37th Corvette Car Show. Mark
your calendars for June 25–28, 2009, at Pheasant Run Resort
in St. Charles, Illinois.
If you have to pitch it to your significant other, here are the first
five reasons we suggest:
1. America's Largest Corvette-Only Auction
With approximately 400 Corvettes up for sale at Dana Mecum's
Bloomington Gold Corvette Auction, there's bound to be something
you can't resist. (Hmmm—maybe you should tell her this reason last.
After all, it suggests you'll come home with another Corvette.)
2. Special Collection XXV
Last year's Special Collection featured the 32,000-horsepower
L88 group, with 58 L88s on display. This year, Bloomington Gold
promises to top that, with the 2009 Special Collection. For 25 years,
Bloomington Gold has assembled the rarest and fastest Corvettes,
and this year's collection won't let you down.
3. Corvette Road Tour
This year marks the 25th anniversary of the B-G Tour—a 35-mile
road trip through rural Kane County, Illinois, on Saturday, June 27,
2009. More than 600 Corvettes ranging from first-generation 1953s
to the latest C6 masterpieces will take to the road for a camaraderiefilled
drive through the countryside. The driving event is free to any
Corvette owner who attends Bloomington Gold.
4. Expanded Survivor Collector Car Show
As America's only show dedicated to unrestored original auto-
mobiles of all makes and models, the expanded Survivor Collector
Car Show will offer three registration options for car owners: The
first is a new area that provides on-the-spot credit for outstanding
preservation; the second is an extended display area for owners to
showcase their unrestored cars and share memories; and a buy/sell
area will give enthusiasts the opportunity to buy and sell unrestored
cars.
In addition to other special interest awards, one lucky owner
will win what may become the most prestigious preservation award
in history: The ZZenith. Read more in the next issue of Corvette
Market.
5. Industry Trendsetting
Bloomington Gold's revolutionary judging systems—Gold
Certification, Survivor, and Benchmark ratings—have set the
standard by which collectors, auctions, magazines, and parts manufacturers
compare Corvettes. These amazingly preserved, authentic
cars accurately reflect Corvette history. Enter your car to be judged,
or just watch the experts at work as they analyze the cars and give
them their ratings.
6. Bonus
There are dozens and dozens of vendor booths at Bloomington
Gold, offering everything from trash and trinkets to high-end clothing.
Turn your partner loose on the vendor midway while you cruise
over and look at the cars for sale. In a perfect world, you'll both come
back with something.
Find more at www.bloomingtongold.com. ■
www.vettemarket.com WINTER 2009 Corvette Market 15

Page 14
Corvette Market
Insider's Seminar
Audience Picks $1m Corvette Collection
Corvette experts chose investment, driver, rally, drag racing, and unrestored
Corvettes—plus ones for their wives and teenagers as well
by Paul Duchene
O
n the heels of last year's successful Corvette seminar
at Russo and Steele's auction in Scottsdale, CM
Publisher Keith Martin returned to the desert in
2009 with a new program, a contest, a new judge,
and a definitive movie about the L88.
This year,
the panel of experts each had $1m CM
dollars to spend on their dream Corvette collection. The
200 CMers and friends in the audience were able to vote
on whose collection they'd choose, and if you make it to
Bloomington Gold in St. Charles, Illinois, in June, you'll
be able to see examples of the winning cars.
Returning experts included David Burroughs, CEO
of Bloomington Gold, NCRS Judge Michael Pierce,
Jim Jordan of County Corvettes, and Kevin Mackay of
Corvette Repair. They were joined by Roy Sinor, NCRS
Senior Judging Chairman from 1996 to the present.
Once again, the discussions and Powerpoint show
covered Corvettes from 1953 to 2008, with emcee Martin
asking questions of the panelists and the audience. The
first session concerned the current market.
KM: Where do you see the market headed today?
Jordan: This is about the tenth recession since 1954,
Martin (standing) and the Corvette Gurus: Pierce, Mackay, Burroughs, Sinor, and Jordan
but good cars are still in demand and there's no shortage of buyers. There aren't a lot
of buyers of mid-range cars, and volume is down in everything. It could mean guys are
putting money in a safer place than the stock market and some people just need cash.
Mackay: I wonder what kind of people are buying now? There was a '74 Corvette
at Barrett-Jackson for $34k, which was a shocking high price; then again I saw a '69
390-hp car go for $40k. People are paying for good quality cars.
Pierce: There seems to be no sweet spot. Is it a '57 FI 283? A '62 FI 283? Drivability
seems to be a factor, as people just want to be more comfortable.
Burroughs: '53s–55s have been flat the past two years but '58s–60s seem to be
very strong.
Sinor: I think the '55 Six is a sleeper C1. There were only seven of them; nobody
follows them and you can pay $150,000 for a good car.
KM: But '53–55 cars aren't good touring cars, they often just get restored and not
used. What do you think about C2s? The Split-Window is a flamboyant icon, always
a high-water mark.
Jordan: Mid-years still have a strong following. There's a lot of demand for 350-hp
cars. Big-block, high-end cars have tapered off a bit.
KM: What's a '67 350-hp with a/c worth?
Jordan: A solid #2 is about $75k–$80k, up from $60k–$65k four years ago.
KM: If I buy a worn-out car like that, how much to restore it?
Mackay: 1,300–2,000 man hours. Cars with no documents aren't worth restoring.
You need the original owner's documents and a good color.
Sinor: The last year is the best year. I only handle cars with documents. If they're
not that way, you end up sitting on them for a long time. I like a '67 350-hp with a/c.
The coupes are better driving than the $75k convertibles.
KM: When do you decide to restore or preserve?
Burroughs: A simple question with a complicated answer. If it's a reasonable
car with some value and 50% original, I'd do nothing but make it safe. If it's 30%
unrestored it might have value in restoration.
KM: In 15 or 20 years a car develops a patina, which tells the story of its life. If you
restore it you destroy its history.
16 Corvette Market WINTER 2009 www.vettemarket.com
Audience question: I have a '61 270-hp car with an
engine and transmission upgrade. If I put it back right
can it be a Survivor?
Burroughs: Just because you have the original com-
ponents doesn't make it a Survivor. There are original
finishes that would have to be correct—not repainted or
replated.
KM: What's the situation with fake paperwork?
Mackay: It's all over eBay. Corvettes are like
women; there are good reputations and bad. If you find
a car nobody knows, do your homework. There are a lot
of cars being misrepresented and a lot of people faking
documentation.
Burroughs: In coming years people will appreciate
cars left unrestored. Paperwork isn't the end-all, it can
be so misleading. Each unrestored car tells its own story
and in good condition it's a better story than a restored
car with no papers.
Pierce: NCRS has 16,000 people and archives to
help do this. Counterfeit paperwork is available and
people can make a lot of money, but we have the experts
to examine it.
KM: Nobody complains they paid too much for a
good car. Do your homework before you buy. Let's
look at C3s now. They're still mystery cars; some think
they're ugly and they fall apart. What are prices doing?
Jordan: People traded in their '67s for '68s. There
was a lot of anticipation. A lot of rare '68–72 C3s are
breaking $100k now.
KM: Aren't they hard to restore?
Jordan: They have intricate mechanisms—there are

Page 15
seven systems to turn the wipers on. The interiors are hard to work on and it's hard to
fit parts. But the chassis and driveline are the same as C2s.
Pierce: '68–70 cars are the beginning of the end of performance. By the time C3s
were finished they barely made 200 hp. L88s, L89s, and LS6s were cutting edge, but
the last 454s were still only 270 hp.
KM: C4s got better and better. Just used cars now, when will they be collectible?
Jordan: I remember when the '84 could pull 1g on the skid pad. It's just a car
now, but every collection should have a C4. They're tremendous value at under $10k
but very difficult to work on. The fuel system was non-ethanol, as ethanol decimates
seals and injectors. ZR-1s are great value, but I doubt you'll make money on them in
the near future. '93 and '95 Challenge cars have a place in a collection and Callaway
cars are top tier.
Burroughs: A lot of collector cars are driven by supply and demand. Right now
there's lots of supply and a minimal demand. C5s are just used cars.
Mackay: The C5 and C6 are great cars to begin with. You can buy them in the low
to mid-twenties all day long.
Sinor: The C5 and C6 are superb drivers. An '01 Z06
is a rocket of a daily driver. You can run any speed you
like. Today's children will look at these the way we do
at mid-years.
Buy one because you like it and plan on keeping it.
Spend Your $1m Here
The second half of the seminar revolved around each
panelist describing the cars that would make up his $1m
collection. Ballots were distributed to the audience, who
voted on the collections, while David Burroughs showed
his 18-minute film on the history and significance of the
L88, “Roar and Peace.”
When the votes were tallied, the collection of new
panelist Roy Sinor edged out that of David Burroughs
by a single vote. ■
CM's 2009 Ultimate $1m Corvette Collection
We asked our five Expert Panelists at the seminar to pick $1m worth of Corvettes—then the 200 members of the audience voted on them…
Best Corvette for:
Investment
Roy Signor (1st)
1957 w/ HD Brake &
Suspension, ex-race
car with full 99-point
restoration.—$325k
Daily Driver
2008–09 Z06. There
are 2,335 unsold on
dealer lots; got to be
the best buy there
is for an everyday
Corvette—$65k
Vintage Rallies
1965 fuelie convertible;
a documented
older-restoration NCRS
Duntov/Bloomington
Gold—$85k
Drag Racing
Documented 1957
Fuelie with a nonoriginal
drivetrain but
a great body, so no
matter how badly I
tear up the engine,
the intrinsic value of
the car won't be affected.—$85k
Original, Unrestored
The best-documented
1967 427/435 convertible
I can buy, preferably
black.—$390k
Your Significant Other
2004 6-speed Le Mans
Blue Commemorative
Edition convertible.
Limited-edition factory
cars have always held
value better than all
others in the same
year.—$32k
Your Teenager
Total
2000 fixed-roof.—$18k
$1,000,000
David Burroughs* (2nd) Michael Pierce (3rd tie) Kevin MacKay (3rd tie) Jim Jordan (3rd tie)
1969 L88 convertible
(color dependant
on trade-off positives).—$400k
2009 ZR1 (blue).—
$125k
1967 427/435, RPO
L-89 (aluminum head)
roadster.—$400k
1969 L88 hardtop
convertible.—$425k
1969 L88 convertible,
restored, good colors,
authentic, original
driveline, proven provenance,
with unhit
original body.—$450k
2009 427/505, RPO Z-06
coupe.—$65k
1954 Advanced
Automotive
Technologies C5
Restomod Nomad.—
$125k
1967 350-hp coupe
with side exhaust
(silver, black, blue, or
red).—$90k
For Drag Racing:
1966 427/425 convertible
(Laguna
Blue).—$125k
1965 327/365, RPO L-76,
a/c roadster.—$85k
1967 327/350 a/c
coupe.—$80k
2007 6-speed
convertible with all
options.—$40k
1962 Fuelie, older
restored Duntov, PV
authentic, original
driveline, with unhit
body.—$125k
1965 396/425, RPO L-78,
coupe.—$70k
1958 Gasser.—$70k
2009 ZR1.—$135k
1967 427/435 coupe
with side exhaust
(blue).—$160k
C5 Z06 Bondurant
School track car (yellow).—$75k
1967 427/400, RPO
L-68, a/c roadster
(loaded).—$300k
1991 350/403, RPO B2K,
twin turbo/intercooled
roadster.—$50k
1967 427/435 hardtop
convertible.—$225k
1967 427/435 coupe
or convertible,
true Bloomington
Gold Survivor /
Benchmark.—$225k
2009 convertible.—$65k
1982 low-mile
driver.—$15k
1975 4-speed
convertible (blue or
silver).—$25k
$1,000,000
1996 350/330, RPO
Z-16, Grand Sport
roadster.—$30k
$1,000,000
1990 coupe.—$10k
$1,000,000
1969–72 non-running
coupe project.—$10k
$1,000,000
*All cars must be certified Bloomington Gold Survivor or better; no restored cars will be considered.
www.vettemarket.com WINTER 2009 Corvette Market 17

Page 16
Callaway
FIA Championship
Elite Three-Peat?
These are not thinly disguised tube-frame cars. These are production cars.
This speaks well for the car, and that's all I care about
by Thomas Glatch; photo by Walt Thurn
Callaway Competition will gun for its third GT3 title in 2009
R
eeves Callaway is a man in a hurry. He probably always has been. Scion of the
notable golf equipment company that bears his family name, the expert engineer
is a driving force in another field.
His Callaway cars are beloved of Corvette owners who really want to go
fast, and his 1988 street legal twin-turbo “Sledgehammer” was driven to and from an
Ohio track where it ran 254.76 mph in 1989. That's still faster than the $1.6m Bugatti
Veyron, 20 years later. In all, he has built nearly 600 Corvette-based supercars since
1987, prized by aficionados who enjoy their sophisticated civility as well as their speed
and handling.
Now Callaway has gone racing—in Europe—and taking on the Europeans on
their home ground, he has achieved notable success. Callaway cars have won the FIA
18 Corvette Market WINTER 2009 www.vettemarket.com
GT3 championship for the past two years on European
tracks like Silverstone in England, Monza in Italy,
Brno in Czechoslovakia, and Dubai in the United Arab
Emirates. In doing so, he has beaten teams from Ferrari,
Lamborghini, Porsche, Aston Martin, Ford, and Jaguar.
The FIA series was started in 2006 by the Federation
Internationale de l'Automobile (FIA) and promoter
Stéphane Ratel Organisation (SRO), and runs six races
each year. Callaway won the Team Championship by
one point from Ferrari in the last corner of the last race
in 2007. Arnaud Peyroles and James Ruffier of Martini

Page 17
2009 FIA GT3 Calendar
Sunday, May 3, 2009
Sunday, May 17, 2009
Sunday, June 21, 2009
Sunday, September 13, 2009
Sunday, October 4, 2009
Saturday, November 14, 2009
Silverstone, England
Adria, Italy
Oschersleben, Germany
Algarve, Portugal
Paul Ricard HTTT, France
Dubai, United Arab Emirates
Callaway Racing took the Driver's Championship in 2008.
Callaway says he went racing in Europe because he was looking for a level playing
field among different manufacturers, so that one company with a bottomless bank
account couldn't own it.
“I had always looked for the day when someone very smart would come up with
a way to create parity between disparate automobiles,” he said. “And that is what the
FIA did. So we, in partnership with the European importing organization for Corvette
and Cadillac, Kroymans, entered the series.”
GT3 racing is extremely competitive. At the start of the season, approved produc-
tion cars are tested at the FIA's own facility, the Paul Ricard High Tech Test Track,
with the FIA's official GT3 test driver, Christophe Bouchut, at the wheel. The data
is analyzed and the cars are equalized through a combination of weight addition or
subtraction, intake restrictor plates, tire compounds, and ride height.
Z06.R Corvettes were given an additional 176 pounds in weight and a 75-mm
intake restrictor, but some cars, like the AWD Lamborghini Gallardo or Ford GT40,
were more heavily penalized, while others, like the Mustang FR500 and Morgan Aero
8, were given a weight reduction and are allowed more modifications.
“The problem is to keep people from cheating,” says Callaway. “And the FIA does
that by monitoring. During qualifying, Bouchut can request to drive any car. The FIA
has also found a way to balance the drivers. The guy who owns the car is generally
a gentleman driver who isn't the quickest, but he's paying for the whole thing. He
wants to win, so he gets a Class A driver to co-drive. The FIA says you can have one
Class A driver, but you can't have two.” Such Class A drivers have included 2005
British GT3 Champion Dimitris Deverikos and American Robert Hissom, a former
Playboy Endurance Championship competitor. So far, it hasn't been a playground for
ex-Formula One champions.
Callaway Competition sells the Z06.R to race teams, and there are four Corvette
teams in the GT3 series, the maximum allowed by the FIA. At each of the six stops on
the calendar, there are two races each weekend, a minimum of one hour long, and both
drivers must drive in each race.
Callaway has built a total of ten Z06.R racers for the series and says lessons learned
are applied to the street Corvettes, such as the supercharged Callaway Corvette and
the C16 supercar. The Martini Callaway team and the Z06.R Corvettes will defend
their championship the weekend of May 3, 2009, at Silverstone. The competition this
year will be even tougher, with the formidable Audi R8 joining the fray.
“We did all this without any help from GM,” said Callaway. “We raised the money,
bought the cars from GM Europe, designed, prepared, and built four race teams (the
French Riverside team ran in 2006 and 2007). These car are not thinly disguised tubeframe
cars. These are actual production cars. This speaks very well for the car, and
that's all I care about.”
Given current economic conditions, including the downturn in the car market in
general and GM shutting its high-performance operations in particular, Callaway will
really have to go it alone this year. But Reeves Callaway has a history of accomplishing
a lot with limited resources, and he's looking forward to, once again, taking
on the Europeans on their turf, and watching his American V8s walk away with the
trophies.
To watch the series, go to www.gt1live.tv. Windows Media Player 11 is required. ■
Corvette Z06.R GT3 Specifications
Engine
LS7 GT3
Front-mounted V8 Engine
Race power: approx. 510 hp at 6,000 rpm
(75-mm FIA restrictor)
Max torque: approx. 480 ft-lb at 4,900 rpm
(75-mm FIA restrictor)
Power/Weight ratio: 1.25 lb/hp
Fuel tank capacity: 26.4 gal
Transmission
Rear wheel drive
Manual 6-speed gearbox (Tremec)
Suspension
Front: Independent with double wishbone,
dampers with bump and rebound adjustment
(Moton), adjustable anti-roll bar
Rear: Independent with double wishbone,
dampers with bump and rebound adjustment
(Moton), adjustable anti-roll bar
Braking System
Front: six cylinders per caliper (AP Racing)
Back: four cylinders per caliper (AP Racing)
Tires
Front: 325/650 18” Michelin race tires
Back: 325/705 18” Michelin race tires
Bodywork
Length: 179.9 in
Width: 78.6 in
Wheelbase: 104.2 in
Weight: 2,804 lb
More
www.callawaycars.de
www.fiagt3.com
Automobiles approved for FIA GT3
Ascari KZ1-R
Aston Martin DBRS9
Chevrolet Corvette Z06.R
Dodge Viper Competition Coupe
Ferrari F430 GT3
Ford GT GT3
Ford Mustang FR500 GT3
Jaguar XKR GT3
Lamborghini Gallardo GT3
Morgan Aero 8 GT3
Porsche 997 GT3 Cup S
and coming in 2009, Audi R8
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Page 18
Callaway
Buyers Guide
The Essential Callaway Buyer's Guide
Callaway has a history of uncompromising performance, and the FIA GT3
achievements prove they walk the walk
by Thomas Glatch
RPO B2K means business
A
s fourth- and fifth-generation Corvettes continue to slide in value, the cars of
Reeves Callaway just look better and better. Callaway Cars has worked with
clients from Aston Martin to Range Rover, but the company is best known
for its exotic Corvettes. Callaway's major projects are given a sequential “C”
number, and their Corvette-based products include the following cars.
C4—Callaway Twin Turbo Corvette (1987–91)
In 1987, the Corvette option RPO B2K added the Callaway Twin Turbo upgrade to
the standard Corvette, boosting it from 250 hp to 382 hp. Later cars had 405 hp and
the option of the Aerobody package. There are over 1,000 pieces to the Twin Turbo
option, but the there's a 50-page addendum to the owner's manual, web site links, and
Callaway can recommend dealers and mechanics with Twin Turbo expertise. 482 Twin
Turbos were ordered through Chevrolet, and another 28 were upgrades to existing
Corvettes. Most valuable are the ten Speedsters built at the end of the B2K program
(one of which was a no-sale at $245,000 at Mecum St. Charles in 2004). Other Twin
Turbos sell for $20k–60k.
C6—Callaway SuperNatural Corvette (1992–96)
When Chevrolet introduced the Corvette LT1 engine in 1992, the Twin Turbo
program ended. Callaway introduced the SuperNatural package, employing tuned,
unboosted, “natural” aspiration principles. There were 400-, 435-, 440-, and 450-hp
versions for the LT1, and 475- and 490-hp upgrades for the LT5. No longer a factory
option, cars could either be ordered and shipped directly to Callaway's facility
in Connecticut, or to an authorized installer for installation. Existing Corvettes were
also converted. Values are slightly less than those for Twin Turbos, in the $20k–40k
range.
20 Corvette Market WINTER 2009 www.vettemarket.com
C12—Callaway C12 (1997–2001)
“GM builds the Corvette to cost, we built the C12
to a standard,” says Callaway. Based on the fifthgeneration
Corvette platform, the C12 supercar was
designed to compete at Le Mans in the GT2 class, yet
still be tractable on the street. Just 18 C12 models were
built for the likes of Dale Earnhardt Jr., along with two
C12.R race cars. They rarely sell, but C12 #17, a Snow
White Pearl coupe owned by Callaway himself, is for
sale at $225,000. Our cover car just sold at Gooding's
Scottsdale auction for $57k.
C15—FIA GT3 Z06.R Corvette (2007–08)
Callaway Competition built ten Z06.R racers for the
European FIA GT3 series and has won the title in both
years. None of the cars have changed hands to date, but
Alois Meir, owner of the #2 Martini Callaway Z06.R, is
selling his car, which ran both 2007 and 2008 seasons,
and has all the updates. He's asking about $295,000, and
it'll be interesting to see what competition success is
worth.
C16—Callaway C16 (2007–present)
Like the C12, the current Callaway C16 is built to order,
starting with a C6 Corvette coupe or convertible. Along

Page 19
The Callaway Chronology
C1 Callaway Turbo Systems for BMW, VW,
Porsche, Audi, and Mercedes-Benz vehicles
(1977–84)
C2 Callaway HH Indy Car V8 engine (1980–81)
C3 Alfa Romeo Callaway Twin Turbo GTV-6
(1983–86)
C4 Callaway Twin Turbo Corvette (1987–91)
C5 Aston Martin Virage V8 & AMR1 Group C
engine (1988–90)
C6 Callaway SuperNatural Corvette (1992–96)
C7 Callaway C7 (1993–96)
Callaway C12 Speedster
with a 650-hp supercharged engine (700-hp on the Speedster), the C16 features a body
sculpted by Montréal-based designer Paul Deutschman, upgraded suspension and brakes,
and German leather interior. The C16 costs $173,000 for the coupe, about $8,000 more
for the convertible. The Speedster is just over $300k. There are no options. Callaway
builds one C16 a month.
Owner testament: C16 number 006, a pearl white coupe, was ordered by Sheikh
Khalid of the United Arab Emirates. The first time he drove it, he called Reeves Callaway
from inside the car. “He was crying,” says Callaway. “The man was in tears.”
C17—Callaway Supercharged Corvette Series (2007–present)
This is a 580-hp supercharged upgrade to any standard C6 and represents an
$18,900 option through 25 dealers. It's available as an automatic, or as a convertible,
though the Z06 version must be a fixed-roof, manual-gearbox coupe. Design cues are
the supercharger hood and custom badging, but for virtually half the price of a ZR1,
you get a hand-built sports car. The Callaway Corvette warranty parallels the factory
5-year/100,000 mile warranty, with an additional 3-year/36,000 mile for the Callaway
components. The Callaway also gets 31 mpg at a steady-state 70 mph. ■
C8 Callaway SuperNatural Camaro
(1993–2002)
C9 Callaway Impala SS (1994–96)
C10 Limited Edition Corvette Ski Boat (1996–97)
C11 Limited Edition Range Rover 4.6 HSE (1998–99)
C12 Callaway C12 (1997–2001)
C13 Holden Special Vehicles (HSV) in Australia
(1999–2004)
C14 MAZDASPEED Protegé (1998–2003)
C15 FIA GT3 Z06.R Corvette (Champions 2007
and 2008)
C16 Callaway C16 (2007–present)
C17 The Callaway Supercharged Corvette
Series (2007–present)
Callaway C16 Speedster
www.vettemarket.com WINTER 2009 Corvette Market 21

Page 20
C1 profile
1962 Resto-Mod
Original C1s understeer like an Iowa farm plow, before snapping into oversteer.
This is coupled with loosey-goosey steering and grabby, ineffectual brakes
by John L. Stein
Chassis number: 20867S100572
T
his 1962 Corvette resto-mod is powered by a 5.4-liter, 300-hp, chromed-out
small-block crate engine with two four-barrel Edelbrock carbs mated to a standard
four-speed transmission and nine-inch Ford differential, and is cooled by a Be Cool
aluminum radiator and fans.
The car features a modified Art Morrison chassis No. 2 with Corvette C4 front sus-
pension, Air Ride Technologies triangulated four-bar rear suspension, Aldan adjustable
coil-over shocks, rack-and-pinion steering, Baer four-wheel disc brakes, Foose Design
wheels, and 235/45-17 front, 245/40-17 rear tires.
Built by Custom Cars of Omaha, Nebraska, and owned by Steve and Nancy Bronner,
this car is represented to have an original 1962 Corvette body, with an Al Knoch custom
black convertible top. The Corvette has R-M Diamont black base coat/clear coat paint
applied by Gary Parks, with a red interior featuring an Ididit steering column, Vintage
Air air-conditioning and heating system, Dakota Digital instrumentation, and a custom
audio system.
CM Analysis This car sold for $104,500, including buyer's premium, at the BarrettOf
all the world's resto-mods, first-generation Corvettes are among the most intrigu-
Jackson auction in Scottsdale, Arizona, on January 17, 2009.
ing—and arguably most justifiable. Because, while gorgeous, the C1 cars are also the
most difficult Corvettes to drive well.
Admittedly a blasphemous act to the NCRS crowd, radically altering them with a
22 Corvette Market WINTER 2009 www.vettemarket.com
Details
Years Produced 1962
Number Produced 14,531
Original List Price $4,038
CM Valuation $80,000–$100,000
Tune-up $500
Distributor Cap $19.95
Chassis # Front of driver's door opening
Engine # Right-front cylinder-head deck
Club www.corvettesnccc.org
More www.artmorrison.com
Alternatives
2001–08 Chevrolet Corvette CRC-62R
1957 Ferrari 250 TRC recreation
1996–2006 427 Shelby Cobra
“Continuation”
CM Investment
Grade B
Photos: Barrett-Jackson

Page 21
special chassis carrying C4 suspension, decent steering, brakes, and rubber at least
makes first-generation Corvettes pleasant to drive. After all, the C1 generation was
based on post-war Chevrolet passenger-car engineering, whose steering accuracy and
suspension geometry were neither precise nor predictable.
When cornering at high speeds, the cars would understeer like an Iowa farm plow
before snapping into spurious oversteer. Couple this with loosey-goosey steering and
grabby, ineffectual brakes, and you have a recipe for post-traumatic stress disorder
after every zestful drive.
Bare body is another good reason to mod
So that's one reason to do a C1 resto-mod—to imbue a solid-axle Corvette with
contemporary handling characteristics. But from an economic standpoint, there
might be one other time when a Corvette resto-mod makes sense, compared with a
traditional restoration. And that's when all you have to work with is a body and chassis
long ago stripped of their powertrain and running gear.
The cost of returning such a mechanical skeleton to completeness would be
fabulously expensive if it were even possible in one man's lifetime. But herein lies
the rub: While authentic restorations—however painful and expensive—are attractive
to many prospective buyers, resto-mods are artistic expressions and there's no
guarantee anyone else will share your vision, sculpted in 3D and paid for with real
checks carrying plenty of digits.
Fortunately, one interesting thing about the Corvette collector world is that
people interface with it in so many different ways—the purist who wants only authentic
Survivors, the nitpicky restorers who want nothing but from-the-factory, and
the torch-wielding predators who see vulnerable old cars mainly as a foundation for
creative license.
This '62 likely falls into the latter camp, and while some may disagree with the
notion of turning any real solid-axle Corvette into something it never was, others will
embrace the concept of merging real-world drivability with the unique style of the
first-generation Vettes.
A 1962 is a logical donor for this project
In Corvetteland, the 1962 model is actually a logical choice for this exercise, owing
to its superior 327-ci engine, the roomier cockpit and better ergonomics enjoyed by the
1960–62 models, and because there were more '62s built (by a huge margin) than any
other solid-axle year.
While we don't know what state this particular Barrett-Jackson car was in prior
to modification, we do know that it was a very nice example when it rolled across the
auctioneer's stage. Intelligently equipped instead of overdone, and finished in a safe,
classic Corvette combination of glossy black with red interior, the aggregate cocktail
definitely got bidders excited.
Equipped with two four-barrels (instead of a mod-
ern EFI system) and a 4-speed transmission instead of
a later 5- or 6-speed, this car retained a period flavor
while benefiting from upgrades where they'll do the most
good, to wit: its custom Art Morrison chassis, aluminum
C4 front suspension, rack-and-pinion steering, upgraded
brakes, modern wheels reminiscent of '60s Torq Thrusts,
grippy 17-inch tires, and a high-efficiency radiator and
air conditioning.
The only step out of bounds was a digital instru-
ment display that's totally uncharacteristic of solid-axle
Corvettes. All told, it was just about as sensitively created
as possible, and the new owners—if they so wish—should
be able to drive it from Key West to the Al-Can Highway
with a reasonable level of comfort and confidence. Best
of all, this resto-mod was all finished, and given the high
cost and long gestation period for projects of this sort,
that alone was worth a fortune in time savings. Well
crafted as resto-mods go—and fairly sold. ■
JOHN L. STEIN was the editor of Corvette Quarterly
from 1998 to 2005. He has driven or raced every generation
of Corvette.
www.vettemarket.com WINTER 2009 Corvette Market 23

Page 22
C2 profile
1963 327/360 Z06 Yenko Coupe “Gulf One”
Newly discovered documents showed Gulf One would have started as the
#1 Corvette at Le Mans in 1963, had GM not enforced its racing ban
by Thomas Glatch
Chassis number: 3087S102227
W
hen the new Corvette Sting Ray was introduced in late 1962, the Corvette
was almost a perennial national champion in SCCA racing, but Corvette
Chief Engineer Zora Arkus-Duntov took the game to a new level by slipping
an obscurely labeled Regular Production Option (RPO) into the Corvette
option list—Z06.
Equipment included large heavy-duty drum brakes with cerametallic linings,
vented backing plates, finned aluminum drums, and internal cooling fans, along with
a dual-circuit master cylinder. The Z06 also featured stiffer front and rear springs,
heavy-duty stabilizer bar and shock absorbers, a long-distance 36-gallon fuel tank,
and finned aluminum knockoff wheels. Powertrain consisted of the L84 360-hp fuelinjected
327, an M20 4-speed manual transmission, and Positraction. The Z06 option
added $2,480.20 to the price of the car, but for those who wanted a track-ready, all-out
race Corvette, it was worth every penny.
Chassis number 2227, Gulf One was the first of two Z06s delivered by Yenko
Chevrolet to the Gulf Oil racing team led by Gulf Executive Vice President Grady
Davis. Davis, a racer in his own right, planned to campaign the cars as part of Gulf's
fuels-and-lubricants research and development program. The car was delivered to Gulf
personnel at the St. Louis plant in October 1962, driven to corporate headquarters in
Pittsburgh, prepared to Davis's specifications, and rushed to Puerto Rico for the first
and only Puerto Rico Grand Prix. With Dr. Dick Thompson at the wheel, Gulf One
scored the first class win of its career.
After an A-Production victory at the “Refrigerator Bowl” in Marlboro, Maryland,
in January 1963, Gulf One was then prepared to FIA rules for Florida's Daytona
24 Corvette Market WINTER 2009 www.vettemarket.com
Details
Years Produced 1963
Number Produced 21,513 (coupe and convertible)
Original List Price $4,968.60
CM Valuation $31,500–$61,500
Tune-up $150
Distributor Cap $19.99
Chassis # Top of instrument panel at windshield
base
Engine # Pad on front of block below right
cylinder head
Club
National Corvette Restorers Society
6291 Day Road
Cincinnati, OH 45252-1334
More www.ncrs.org
Alternatives
1963–65 Shelby Cobra 289 Comp,
1961–62 Jaguar XKE Factory
Lightweight, 1971–73 Ferrari 365 GTB/4
non-factory Daytona Comp
CM Investment
Grade A
Photos: Mecum Auction, Inc.

Page 23
Continental and Sebring 12 Hours races. In
February, Thompson scored a huge 3rd place
overall and 1st in GT3 at Daytona behind two
Ferrari GTOs, following up in March with a
disappointing gearbox failure at Sebring after
an impressive qualifying performance.
Thompson barnstormed Gulf One across
the country, winning 1st place overall at the
SCCA President's Cup at Marlboro and the
A/Production class at Danville, Virginia, and
Road America in Wisconsin. In all, Gulf One
saw more racing combat in more venues than
any of the other “Specially Assigned” factory
Z06s and was always at the front of the pack.
CM Analysis This car sold for $1,113,000,
including buyer's premium,
at the Mecum Muscle Cars & More
Auction in Kissimmee, Florida, on January
24, 2009.
It was a wonderful bit of showmanship,
as 88-year-old Dr. Dick Thompson stood
at the podium and proclaimed Gulf One
looked better than when he raced it. Then
noted Z06 authority Eric Gill revealed
newly discovered documents that showed
Gulf One would have started as the #1 Corvette in the
1963 24 Hours of Le Mans had GM not enforced its racing ban. The bids quickly hit
the $1,000,000 mark, then stalled for what seemed an eternity. Finally a telephone
bidder—a collector from Rhode Island—raised the bid by $50,000. The seller lifted
the reserve and completed the sale.
A million-dollar sale is always exciting, yet I had the sense that some in the audi-
ence had hoped that the car would bring much more. The 1962 Grady Davis/Don
Yenko/Dick Thompson Gulf Oil #2 Corvette that sold last August at Gooding for
almost $1.5 million (CM# 117566, profiled in CM Fall 2008, p. 24) certainly set the
standard, and Gulf One didn't come close. Yet this was
a landmark sale for a Z06, the first to cross the milliondollar
line, and only the second mid-year Corvette to
do so. Only the Pininfarina 1963 Paris show car, the
Corvette Rondine, sold for more at $1,760,000 (CM#
49099).
Best of the Z06s
Z06 Corvettes haven't really been knocking on
the million-dollar door. This car previously sold at
RM's Monterey event in August 2004 for $467,500, the
high mark for Z06 racers at the time (CM# 34822). In
January 2006, Russo and Steele attempted to sell the
Delmo Johnson '63 Z06, but it failed to meet reserve
at $900k (CM# 40449). And an unrestored '63 Z06, another
Gulf Oil car raced by Thompson and Ed Lowther,
got to just $155,000 and failed to sell at Mecum's St.
Charles, Illinois, auction in October 2007.
What the Gulf Oil #2 car has that 1963 Gulf One, or
any other historic Corvette racer, lacks is its extraordinary
originality. Gulf Oil #2 is simply a time-warp car,
while the others are all restored. Plus, it can be argued
that the Z06 never lived up to its potential, partly due
to GM's untimely ban on racing in March 1963, and
partly due to Carroll Shelby and his flyweight Cobras.
But there is no denying that Gulf One was the best of the
Z06 Corvettes, and with this sale, it assumes its rightful
place with the elite of Corvette race cars. ■
(Introductory description courtesy of Mecum
Auctions.)
THOMAS GLATCH has been an automotive writer
since 1983. His articles have appeared in Corvette
Fever, Vette, Corvette Magazine, Sports Car Market,
and elsewhere.
www.vettemarket.com WINTER 2009 Corvette Market 25

Page 24
C2 profile
1963 Grand Sport Roadster #002
When I spoke to George about his car, he could not recall what he paid for
it, but does remember selling it for the princely sum of $6,700 in 1967
by Michael Pierce
Chassis number: 002
T
he culmination of the Corvette's early development came in 1963 with the five
Grand Sports. These were emblematic of the Corvette's potential and fired public
imagination that a production-based sports car could hold its own with European
marques at Le Mans, Daytona, the Targa Florio, Sebring, and Monza.
The first hint of ambitions came with the 1957 Corvette SS, a lightweight front-
engine race car. GM turned thumbs down on any racing program, but Dr. Dick
Thompson raced it in the SCCA in 1959–60.
Five Grand Sports were begun in 1962 with twin tube frames, beefy cross-mem-
bers, and fully independent suspension. The engines were 377-ci aluminum masterpieces
with hemi heads, dry-sump lubrication, and four side-draft Webers. The brakes
were vented discs.
Tests were made at Sebring, but the racing ban was reimposed. However, Zora
Arkus-Duntov sneaked two cars out to Chevy dealer Dick Doane and Grady Davis
of Gulf Oil, and Dick Thompson won SCCA C/Modified at Watkins Glen. Duntov
then sent three cars to Nassau for Speed Week and they finished 3rd, 4th, and 6th. He
planned on Daytona and cut down two cars into roadsters, but management intervened
again and Chevrolet backed out of racing for good.
Corvette Grand Sport s/n 002 has had several sympathetic owners over the years,
including Roger Penske, and wound up with John Jaeger in 1990, still largely original.
Jaeger exactly copied the body but replaced the 427-ci engine with a copy of the original
377-ci unit. Configured as it was in 1966, the car currently has a 427-ci engine and
its replacement body, but the correct body and the 377-ci come with it.
26 Corvette Market WINTER 2009 www.vettemarket.com
Details
Years Produced 1963
Number Produced 5 coupes (2 converted to roadsters)
Original List Price n/a—given away, not sold
CM Valuation $5m–$10m depending on the car
Tune-up $500 (valve adjustment, plugs,
carb adjustment, timing)
Distributor Cap Service replacement $12 (original
$400–$500)
Chassis # Driver's side frame in rear
Engine # Engine pad surface
Club National Corvette Restorer's
Society
More www.ncrs.org;
Alternatives
www.racingicons.com
1964–65 Shelby Cobra Daytona
Coupe, 1966 Ford GT40 Mk II,
1960–62 Ferrari 250 SWB Alloy
CM Investment
Grade A
Troy Wood

Page 25
CM Analysis This car was a no-sale at $4.9m at RM's Automobiles of Arizona auction,
Early on Friday afternoon at the auction, 002, one of the most famous Corvettes
held in Phoenix on January 16, 2009.
built, and arguably the most valuable one ever to be sold at public auction, crossed the
block. The crowd of several hundred was very quiet as the Grand Sport was pushed on
stage.
Standing with me in the back were Publisher Martin, Bloomington Gold Supremo
David Burroughs, NCRS Senior Judging Chairman Roy Sinor, and noted collectors
John Zupan, Dennis Clark, and Ken Gratteri; seats up front were for serious bidders
only. We anxiously discussed what the car might sell for and the range of $6m–$10m was
our collective best guess. Bidding opened at $2m and went slowly through several large
jumps. The auctioneer mentioned an Internet bid and several phone bids.
The large video display at the front of the room indicated the last bid we heard—$4.9
million. At that point, the screen flashed that the reserve was off and the car was “for
sale”. There was a small cheer and then... silence. Someone walked up on stage and said
something to the auctioneer, the auction abruptly ended, and the car was pushed off the
stage without explanation.
Audio-visual malfunction? Sudden change of heart by the seller? We may never know
what happened that day at the Arizona Biltmore, but the car is still for sale through RM
Auctions.
Why is this Corvette so unique, and why will it surely bring many times the total
value of the Million-Dollar Corvette Challenge the panelists at the CM Seminar picked
as their collections?
In early 1962, Zora Duntov convinced Bunkie Knudsen (GM of GM) that he had a
viable “work around” to skirt the 1957 AMA ban on racing. His plan was to build a
series of 125 “Lightweight” Corvettes to qualify for FIA homologation in the GT Class.
Remember, Carroll Shelby had already been to GM and asked for a dozen 327s for his
Cobra project but had been turned away. Shelby's next stop was Ford, which signed
on.
It always comes down to horsepower-to-weight
The need for high-performance stop and go was clearly demonstrated at the Three
Hour Enduro prior to the L.A. Times Grand Prix at Riverside on October 14, 1962.
Ironically, it was the introduction of the early-production 1963 Z06 and the first outing
of the Cobra. The Cobra weighed 2,200 lb, the Corvettes 3,100 lb.
It almost always comes down to horsepower-to-weight ratios, and it was painfully
obvious the Corvettes were in serious trouble. A lack of horsepower, braking capacity,
and rear-end durability, plus poor aerodynamics and too much weight were the
engineering issues. In this case, it was the car, not the driver.
Five Corvette Grand Sport coupes were built under Duntov's tutelage in the GM
Skunk Works. Before any more could be built, the powers
that be at GM figured out what was going on, and
his Lightweight project was absolutely stopped by GM's
adherence to the AMA racing ban.
For the next several years, the Grand Sports had limited
success. The first engines used were 327/360 fuel-injected
motors, just like those found in the Z06. Next came a hemispherical-head,
multi-plug, SOHC, 377-ci engine with four
double-barrel 58-mm Webers on a Cross Ram intake; a
slightly modified version actually made it into several of
the Grand Sports.
In 1964, GM converted GS 001 and 002 into roadsters.
The power of Cobra's new, dual-quad 427 models far surpassed
the original 260 and 289 and made them even more
formidable. Between the Cobras, GT40s, and Ferraris, the
Grand Sports had little chance of success on the road racing
circuit.
Sold for the princely sum of $6,700 in 1967
GS 002 was one of the last of the five to race. After re-
ceiving the haircut, it remained at GM until Roger Penske,
www.vettemarket.com WINTER 2009 Corvette Market 27
who owned 001 and 002 (the roadsters) sold 002 to his
friend and backer, George Wintersteen. Wintersteen went
to Detroit and picked up the car directly from Duntov. He
had it transported back to his shop in Pennsylvania, took
the small-block out and installed a Traco L88, built for
durability, not absolute horsepower.
When I spoke to Wintersteen about his car, he could
not recall what he paid Penske for it, but does remember
selling it for the princely sum of $6,700 in 1967. He also
owned GS 005 but was the only competition driver ever
to race 002 in the 1960s. He is alive and well, living in
Pennsylvania and speaks very enthusiastically about the
glory days.
As you can imagine, nearly every high-end Corvette
junkie in the world was in the room to watch the Grand
Sport, and every one of them was pulling for it to set a
new record price. After all, rumor has it that the last
Cobra Daytona coupe to change hands went for $11m,
and if you're a Corvette guy, shouldn't GS 002 be worth
as much?
Maybe, but then again maybe not. What the Cobras
have going for them is an extensive international racing
history. They were tested in anger, against Ferrari,
around the world, and earned their stripes. Due to the
wrong-headedness of GM management, the Grand
Sports were still-born, and we'll never really know just
how good they could have been if Duntov had been let
loose to develop them.
It's safe to say that we were all disappointed the Grand
Sport didn't sell. But on this day, in this location, $4.9m
was the most anyone would bid, and that wasn't enough
for the owner to cut it loose. ■
(Introductory description courtesy of RM Auctions.)
MICHAEL PIERCE is a longtime NCRS Judge who
ranks in the top few dozen. He has judged Corvette
events around the world, and his own Corvettes
have won Top Flight, Bloomington Gold, and Duntov
awards.
Dave Friedmam

Page 26
C3 profile
1971 350/330 LT-1 Coupe
Once again, the presence of a knowledgeable, chatty owner to answer
questions as prospective buyers studied the car very likely paid dividends
by Roy Sinor
Chassis number: 194371S117844
T
he C3 Corvette LT-1 has become synonymous with the idea of a high-output
small-block V8, and it carried the added bonus of an almost perfect 50/50 weight
distribution.
First appearing in 1970, the LT-1 offered 370-horsepower and 380 ft-lb of
torque in a solid-lifter 350-ci small-block, along with an 11:1 compression ratio and
a 0–100 mph time of 13.5 seconds. The LT-1 was a Corvette for buyers who wanted a
bit more oomph.
The 1971 models are among the least-changed Corvettes, as a labor dispute in May
1969 caused production to run long and shorten 1970 production by four months. GM
continued the model into 1971 with almost all of the corporate resources directed
toward a reduction in horsepower. The result was an LT-1 with 330 hp, 360 ft-lb of
torque, and a 9:1 compression ratio.
Even so, the 1971 LT-1 was tested by Car & Driver at six seconds from 0–60 mph,
and from 0–100 mph in 14.5 seconds. The quarter mile took 14.57 seconds at 100.55
mph and top speed was measured at 137 mph.
This beautiful Corvette coupe with matching numbers features the 350-ci/330-hp
LT-1 engine with the mandatory options of a 4-speed manual transmission and Holley
carburetor. Other options include power steering, AM/FM radio, tinted glass, and
RWL tires. The car is one of 2,465 Mulsanne Blue Corvettes and is fitted with black
vinyl interior, which is stunning. It is one of 1,949 LT-1s built in 1971 and probably one
of just a handful with power steering.
28 Corvette Market WINTER 2009 www.vettemarket.com
Details
Years Produced 1971
Number Produced 1,949 (1306 coupes;
643 convertibles, approx.)
Original List Price $6,314 (coupe), $6,077 (convertible)
CM Valuation $25,000–$53,000
Tune-up $150
Distributor Cap $19.99
Chassis # Top of dash, driver's side
Engine # Right front below cylinder head
Club
National Corvette Owners of America
900 S. Washington St., #G-13
Falls Church, VA 22046
More www.ncoa-vettes.com
Alternatives
1970 Dodge Challenger T/A,
1970–71 Pontiac Trans Am,
1970–71 Chevrolet Chevelle SS
CM Investment
Grade C
Photos: Barrett-Jackson

Page 27
The respectable performance figures of the 1971 Corvette
with the LT-1 were lost for several years soon after the 1971
model year. The choking, downward trend continued for over
almost two decades, with the numbers falling further in 1972
with the addition of more changes and the adoption of a different
horsepower rating system. The 1972 LT-1 Corvette was
down 31% from its peak to 255 hp. Some feel the performance
never returned in the venerable small-block V8, which had
been used in Corvettes since 1955.
As the former owner of not only 1970, but also 1971 and 1972
LT-1s, I know for a fact that these cars are great performance
vehicles. They drive, handle, and perform exceptionally well. In
fact, I personally feel they are the best small-block, solid-lifter
performance vehicle available.
This particular 1971 LT-1 Corvette was a very nice example
of the marque. The frame-up restoration to which this vehicle
had been treated left little doubt that even though it was the only
LT-1 present at Barrett-Jackson, it would have compared well
with any other restored examples, anywhere. The fact it was the
only LT-1 reinforces the rarity of the breed.
Rare and very collectible, this 1971 LT-1 Corvette
was treated to what appeared to be a professional,
frame-up restoration completed in 2007 to the original
factory build specifications.
Overall, this is a very desirable car that looks great
and we shall assume runs and drives accordingly.
CM Analysis This
car
sold
for
$51,700,
including
buyer's premium, at Barrett-Jackson's
Scottsdale auction on January 16, 2009.
In 1971, Chevy's LT-1 Corvettes were the victim of
a pre-emptive move that lowered compression, which
GM mandated across the board to meet future 91-octane
fuel requirements. The horsepower decrease that
occurred as a result left the 1971 LT-1 at a much more
conservative horsepower rating of 330, down from the
previous year's 370 hp.
These 1971 LT-1s are still a part of the great legacy
of the small-block, solid-lifter 350-ci engine, and they
were arguably the high-water mark of the small-block
in a GM product.
A good second choice to an LT-1/ZR1
Complete with the mandatory 4-speed manual transmission and federally mandated
emissions system (“smog pump”), this numbers-matching LT-1 coupe, which I am told
belonged to a retired GM employee, was built with the additional options of tinted glass
(a feature you should consider a must on a Corvette that could not be purchased with air
conditioning), power steering, AM/FM radio, and raised white letter tires.
The presence of the knowledgeable, chatty owner to answer questions as prospec-
tive buyers studied the car very likely paid dividends and probably left the potential
buyer with a comfortable feeling with respect to the car.
While the ultimate 1971 LT-1 would undoubtedly be one of the eight LT-1/ZR1 cars
built in the production year, this one definitely runs a close second in desirability,
given the fact that finding one of eight could be quite difficult and costly—undoubtedly
well into six figures.
I'd say that the gavel price of $51,700 left this Mulsanne Blue T-top both well
bought and well sold. The new owner appears to have made an astute purchase of a
great car at respectable money. And while the seller may have ended up on the short
end of the stick, based on the costs involved with this caliber of restoration, he fared
well enough in the present market. ■
ROY SINOR has been NCRS National Judging Chairman from 1996 to the present
and is the owner of Sinor Prestige Automobiles, Inc.
www.vettemarket.com WINTER 2009 Corvette Market 29

Page 28
C4 profile
GM Heritage Fleet: C4 Dreams and C5 Mules
Heritage Fleet Corvettes at Barrett-Jackson provided a fascinating insight into
the ideas (good and otherwise) that surrounded the launch of the C4 and C5
by Thomas Glatch
1989 Corvette DR-1 Convertible—Lot 1218
G
eneral Motors captured the spotlight at the BarrettJackson
Scottsdale Auction from January 11–18,
2009, when it released 252 cars from its Heritage
Fleet
for no-reserve sale.
1989 Corvette ZR-1 Coupe—Lot 1230.4
(The Heritage Fleet
must be differentiated from GM's Heritage Collection;
the former are surplus or less important cars, the latter
are the milestone cars that represent GM's 100 years of
contribution to automotive history.)
While many came with a scrap title (odd when you
think who's selling the car), that was related to federal
regulations, which don't have much to do with making a
car work well. In the past, most of these vehicles would
have been crushed, including 34 Corvettes, which
provided a fascinating insight into dreams and ideas
(good and otherwise) that surround the launch of a new
model—in this case the C4 and C5.
You'll have to do your own research on the blown
big-block 1987 Chevrolet Sprint, the 1999 two-millionth
Saturn, and the 2001 Pontiac Aztek Daytona 500 Pace
Car (we are not making this up). Here we analyze ten of
the most important Corvettes from the fleet that came
under the hammer.
1989 Corvette DR-1 Convertible—Lot 1218
Sold for $286,000 on Saturday, January 17, 2009
While Chevrolet never sold a ZR-1 convertible, the
possibility was investigated. Two ZR-1 coupes were
converted into convertibles by Lotus and Chevrolet
for evaluation. Also, a standard 1989 L98 convertible
with an LT5 engine installed was built for engineering
executive Don Runkle, which became known as the DR-1. While hardly as well known
as the Snake Skinners or the Big Doggie, the Ice Blue DR-1 was the highest selling
Heritage Fleet Corvette. Why? No one has ever said auction results were the least bit
logical, and this is one of those results. Besides, think of the bragging rights the new
owner has.
1989 Corvette ZR-1 Coupe—Lot 1230.4
Sold for $198,000 on Saturday, January 17, 2009
Chevrolet built 83 pilot ZR-1 Corvettes in 1989, 25 of which were sent to France for
the now-famous press introduction. Since the ZR-1 was officially released as a 1990
model, most of the '89 cars had to be destroyed. This was one of the survivors, which
was loaned to the automotive press and displayed at auto shows. Though this car, and
most of the GM Heritage Fleet cars, can never be registered for street use, the new
owner can proudly say he owns one of the few '89 ZR-1 Corvettes in existence, and its
value can only increase in years to come. Well bought. And besides, between dealer
plates and Alabama titles, never say never to getting a car on the street.
1989 Corvette ZR-1 Coupe “Snake Skinner”—Lot 396.1
Sold for $176,000 on Wednesday, January 14, 2009
The 1990 introduction of the Dodge Viper prototype stole some of the ZR-1's
thunder. John Heinricy, Corvette engineer and racer, built the “Snake Skinner” as a
response. Heinricy took one of the 83 1989 ZR-1 pilot cars, and using a Kevlar hood,
plexiglass rear window, and other tricks, pared its weight to 2,700 lb. Mercury Marine
also built a special 475-hp LT5 engine. The result was very fast—Heinricy broke the
long-standing 0-to-100-to-0 record of 14 seconds set by a 427 Cobra with a time of
12.8. I'm surprised this was not the high-selling Corvette of the Heritage Fleet cars,
since it received press in almost every magazine at the time, but it was priced about
right just the same. A second Snake Skinner was built by Heinricy in 1991; that car
(lot 1302) sold for $73,700.
1989 Corvette ZR-1 Coupe “Snake Skinner”—Lot 396.1
30 Corvette Market WINTER 2009 www.vettemarket.com
1989 Corvette ZR-2 “Big Doggie”—Lot 97
1989 “Active” Corvette ZR-1 Coupe
Prototype—Lot 82
Photos: Barrett-Jackson

Page 29
RHD by Chevrolet Engineering, but
the development,
tooling, and certi1991
Corvette Convertible—Lot 907.2
1990 Corvette Right-Hand Drive—Lot 1356
1989 Corvette ZR-2 “Big Doggie”—Lot 97
Sold for $71,500 on Monday, January 13, 2009
One thing the ZR-1 lacked was the unique, torque-heavy performance of a clas-
sic big-block V8. In response, engineer Scott Leon built the ZR-2, a 1989 Corvette
powered by a modified 454 truck engine. It became known as the Big Doggie and
was featured in many magazines and shown at Bloomington Gold in 1992. At a time
when Corvette sales were dangerously low, GM considered building a production
version, but assembly concerns (the engine did not fit between the stock frame rails)
and challenging CAFE standards killed the project. This was an outstanding buy of a
well-known and shockingly fun-to-drive one-off Corvette.
1989 “Active” Corvette ZR-1 Coupe Prototype—Lot 82
Sold for $150,700 on Tuesday, January 13, 2009
Computer-controlled, hydraulically adjusted active suspension was developed
in Formula One racing and was so successful in increasing cornering grip and
controlling vehicle dynamics that it was ultimately banned. The “Active” Corvette
was built by Chevrolet Engineering to test a similar setup on the Corvette. Road &
Track magazine reported, “Bumps and dips are not in the dictionary of an active
suspension. They cease to exist.” It was predicted that active suspension would be
in production in a few years, but it would have been a nearly $40,000 option, and it
consumed as much as 40 hp, so it was never offered. A good buy on an important and
unique engineering study.
1991 Corvette Convertible—Lot 907.2
Sold for $110,000 on Friday, January 16, 2009
In 1991, two ZR-1 convertibles were built on the Bowling Green assembly line.
Adding the ZR-1's special wide bodywork and tires to a convertible would have required
extensive re-engineering, so these cars were essentially stock L98 convertibles
with the LT5 powertrain added. ZR-1 convertibles were considered to bolster sagging
sales, but it was felt the convertible chassis was not strong enough for the LT5's additional
power, and the project was cancelled. Vehicles used for engineering, testing,
and marketing evaluation are normally destroyed, so this unique survivor was well
bought and sure to appreciate.
1990 Corvette Right-Hand Drive—Lot 1356
Sold for $27,500 on Sunday, January 18, 2009
Bob Lutz has said the seventh generation Corvette would be developed in both
left- and right-hand-drive versions. It wouldn't be the first time GM considered a righthooker
Corvette, since some RHD countries like Australia severely restricted the use
of LHD cars (this has now relaxed somewhat). This 1990 Corvette was converted to
fication required to produce such a
car at Bowling Green were deemed
too expensive for the limited market
it would have served. While hardly a
news-maker like the Snake Skinner
or the Big Doggie, a one-of-a-kind
engineering study for the price of a
new Malibu is an excellent buy. And if
you live in England, Australia, or the
Maldives, here's the Corvette for you.
1989 Corvette “Splash” Custom—Lot 1599
Sold for $71,500 on Sunday, January 18, 2009
Chevrolet built 60 RPO R7F cars for the 1989 Corvette
Challenge series. Of those, 29 were equipped by organizer
Jim Powell for the series. This car was one of those
29, but it never raced. Instead it was used by Chevrolet
as a promotional vehicle for the series and displayed
at auto shows and other events. The eye-catching paint
scheme was designed by Corvette stylist John Cafaro.
The Corvette Challenge cars are starting to show signs
of life in the marketplace, and this one, with its unique
history, may be one of the most desirable.
1997 Corvette “Alpha Build”—Lot 470.1
Sold for $41,800 on Wednesday, January 14, 2009
Long before the first C5 Corvette rolled off the Bowling
Green assembly line, engineers racked up thousands of
development miles in 14 “alpha” cars. Though crude
compared to the final product, these cars helped refine
the design. Pre-production cars rarely see the light of
day, and most are destroyed either during development
or after they are no longer needed. GM wisely kept one
of the “alpha” cars, and the new owner has a piece of
Corvette history that cannot be duplicated, and may
someday be as valuable as other one-of-a-kind Corvette
prototypes.
1997 Corvette “Beta Build”—Lot 470
Sold for $41,800 on Wednesday, January 14, 2009
After extensive development of the “alpha” proto-
types, the C5 team built about 30 “beta” cars that were
even closer to the final design. Like the black “alpha”
cars, the white “betas” were heavily camouflaged to
protect them from automotive spies. Sold as a set with the
“alpha” car, the new owner now has two of the most important
development Corvettes ever shown to the public,
much less sold to the public. General Motors did Corvette
fans a huge favor by saving these special cars from the
GM Heritage Fleet for future generations. ■
1989 Corvette “Splash” Custom—Lot 1599
1997 Corvette “Alpha Build”—Lot 470.1
1997 Corvette “Beta Build”—Lot 470
www.vettemarket.com WINTER 2009 Corvette Market 31

Page 30
C5 profile
1998 Callaway C12 Coupe
This hairy beast is two meters wide, squats lower than GM stock shares, and
it goes like the devil on meth
by John L. Stein
Chassis number: 1G1YY22GXW5121169
C
allaway has built a firm reputation for producing some of the most sophisticated
and advanced Corvette-based automobiles ever to hit the road. Callaway's C12,
introduced in 1998, continued this legacy. Designed, developed, and constructed
with the assistance of German engineering and development company IVM, the
C12 was created from the outset to be a bespoke, high-performance car that offered its
occupants a civilized interior and relaxed ride.
The Callaway C12 serial number is the same as a standard production Corvette,
but the C12 is in no way standard. With aerodynamic bodywork fabricated from fiberglass,
carbon fiber, and Kevlar, a massaged aluminum V8, heavily revised suspension,
enormous disc brakes, and a thoughtfully upgraded interior, the Callaway C12 is a
custom-built American supercar. It is so different from its Corvette base that cars sent
to Europe were titled as Callaways. Very few of these exclusive cars were made, as
most were built specifically to customers' orders.
This striking Callaway C12 is the first example constructed. As such, it was fea-
tured in a number of road tests for automotive magazines. In 1998, it was on the cover
of Road & Track and Motor Trend, both of which championed the car. After its press
use, the car was delivered to Los Angeles Times publisher Otis Chandler.
Nearly a decade later, this C12 appears like a new car inside and out. The perfor-
mance offers a purported 0–60 mph time of 4.2 seconds on the way to a top speed
of nearly 190 mph. Despite its performance, the C12 is luxuriously equipped and is
docile around town. Rarity, provenance, history, and performance make this Callaway
a distinctive alternative to today's top-of-the-line Corvettes.
CM Analysis This car sold for $57,200, including buyer's premium, at the Gooding &
The concept of rebodying fine motorcars is nothing new, and some of the most
Company auction in Scottsdale, Arizona, on January 17, 2009.
32 Corvette Market WINTER 2009 www.vettemarket.com
esteemed coachbuilders of the 20th century earned their
reputations by doing just that. Although he had other
choices, Reeves Callaway chose the fifth-generation
Corvette as the basis for the C12, just as he later chose
the sixth-generation platform for the C16.
At the company's Leingarten, Germany, race shop,
Details
Years Produced 1997–2001
Number Produced 20
Original List Price $178,500
CM Valuation $75,000–$125,000
Tune-up $750
Distributor Cap n/a
Chassis # Lower left windshield corner
Engine # Right front cylinder head deck
Club www.callawayownersgroup.com
Alternatives
2004–present Aston Martin DB9,
1996–2003 Ferrari 550 Maranello,
1990–99 Lamborghini Diablo
CM Investment
Grade B
Photos: Gooding & Company and Pawel Litwinsky

Page 31
production Corvettes were stripped of
their
interior, engine,
suspension, and
most body panels, and then rebuilt with
wider suspension control arms, coil-over
shocks, and Alcon brakes. A luxuriously
reworked interior was also added, while
the LS1 engine was sent to Connecticut
for a powerful upgrade to 440 hp. But the
pièce de résistance was an arresting Paul
Deutschman-designed Kevlar and fiberglass
body that
transforms the familiar
Corvette C5 shape into a genuine headturner.
Just 20 were built.
So how does history judge the Corvette-
turned-Callaway now that a decade has
passed? Based on this Scottsdale auction
result, not so well—at least not yet.
A meteoric price plunge
Based on SCM's own analysis, a 1998
Corvette C5 originally listing for $37,495
is worth $17,000 to $22,500 today, or 45%
to 60% of its original value. But this 1998
Callaway C12, base-priced at $178,500
(with most optioned up over $200,000),
retained at best 32% of its value during
its recent trip across the auctioneer's stage. Formerly owned by the late L.A. Times
publisher Otis Chandler, it sold only two years ago at Gooding's Oxnard sale in
December 2006 for $121,000 (SCM# 43482). At that point it registered 782 miles; now
it has over 4,000, but still…
The meteoric plunge likely has much to do with our present economic troubles,
along with the availability of newer über-Corvettes like the C6 Z06 and ZR1, Pratt
& Miller C6RS, and even Callaway's own C16. Not to mention the downward value
spiral that often affects high-end vehicles, late-model Ferraris included.
Some Callaways have recorded strong results—albeit
in the heat of the muscle car boom in 2004—but a number
have sold at auction in the $50,000 range. At the top
of the list, 1988's landmark 254-mph “Sledgehammer”
C4 sold for $221,400 (SCM# 32421) and the 1998
C7R racer with FIA history brought $216,000 (SCM#
32422)—both at Barrett-Jackson Scottsdale.
“It has to be a real car, not just a showboat or an
overpowered sports car,” Callaway said of the C12 in
1998. “It has to genuinely appeal to the man who is going
to use it every day, who has had plenty of opportunity to
have other cars in the past. He's not buying the car for
a statement. He wants power, speed, and grace from a
car built by a group of men who are doing something the
best way they know how.”
I don't buy for a second that someone spending the
better part of 200 grand for an audacious two-seater
doesn't want to make a statement, and one drive in the
C12 proves that it may well be impossible to avoid it.
In fact, driving this Callaway is like commanding the
road—and the attention of every motorist and pedestrian,
too. This hairy beast is two meters wide, squats
lower than GM stock shares, and it goes like the devil
on meth with the sewing-machine smoothness that only
a well-built race motor can provide. True fact: When
other drivers see the C12 closing in their mirrors, they
often simply move over.
That alone may be worth the $57,200 the buyer paid
for the Chandler C12. Very well bought indeed. ■
(Introductory description courtesy of Gooding &
Company.)
JOHN L. STEIN served as editor of Corvette Quarterly
from 1998 to 2005, the only independent editor to lead
GM's flagship magazine.
www.vettemarket.com WINTER 2009 Corvette Market 33

Page 32
C6
A Selection of C6s that sold recently on eBay
2005 Chevrolet Corvette coupe
EBay #250355180682. S/N 1G1YY24U855112567. Red/beige leather. Odo: 15,667 miles. 22 Photos.
Daytona Beach, FL. “THE CAR FROM THE WRANGLER JEANS COMMERCIAL...[the C6] Corvette débuted
in Wrangler Jeans commercial with Dale Earnhardt Jr. before the 2005 Daytona 500. Dale Earnhardt Jr.
signature... above A/C vents. Authenticity photographs of Dale Jr. with female owner. Vehicle on television as
well as magazines. Photographs of Dale Jr. Inside and outside of vehicle. Female owned and operated. NonSmoker,
Automatic, cashmere interior has everything except navigation and Z51performance package.” 18 bids,
sf 94, bf 0. Cond: 2.
have bumped the price at least 30%. I guess it is starting to sink in that it's going to be a long time before the next 'Vette is launched...
maybe in time for Dale III to wear some jeans near it.
CM Analysis SOLD AT $39,100. Surprisingly, Dale's signature and photographs (fingerprints? trace DNA?)—not even ownership—does seem to
2005 Chevrolet Corvette coupe
EBay #250364460401S/N 1G1YY24U555112042. Black/tan leather. Odo: 85,105 miles. 47 Photos and 1
Video. Atlanta, GA. 1 owner. 6-speed, navigation. “The body is nice and straight and the paint has a deep glossy
shine. It is black so it does show some very minor surface scratches here and there that a high speed buffer
should be able to correct... The interior looks great and the dash does not have any cracks or fading... The 6.0L
powerplant starts right up with the push of a button, does not smoke, and has tons of power! This 400hp beast is
very fast yet it can get over 28mpg on the highway!” 1 Best-Offer bid, sf 487, bf private. Cond: 3.
CM Analysis SOLD AT $19,500. Seller thinks, “You will be hard pressed to find a comparable C6 at this price!”
I have to agree, given that the only three sub-$24k 'Vettes on Auto Trader are all wrecks. Well bought.
2005 Chevrolet Corvette coupe
EBay #320334579627. S/N 1G1YY24U255123838. Black/black leather. Odo: 7,989 miles. 18 Photos.
Cookstown, NJ. 6-speed. “There is a $2500 Corsa Performance Exhaust System Installed. Magnetic Selective
Ride Control, AM/FM CD with DVD Navigation, Bose Premium 7 Speaker System, Dual Roof Package,
Polished Aluminum Wheels, Onstar System, Sirius XM System.” 12 bids, sf 24, bf 550. Cond: 1.
CM Analysis SOLD AT $27,200. If you have about $25k and are looking for a black '05 Corvette, this is the one you
want—immaculate, very low miles, and tasteful, expensive accessories. Well (found and) bought.
2005 Chevrolet Corvette coupe
EBay #400028268779. Black/black leather. Odo: 46,701 miles. 39 Photos (not including headshot of smiling
salesman). Houston, TX. 6-speed. “This Corvette is sleek and stunning to look at and even more fun to drive...
Please Note: The Targa Top Glass is Slightly Spiderwebed.” Free Limited Warranty. “No questions asked BuyBack
guarantee. We are the largest eBay Motors dealer in the world.” 4 bids, sf 2590, bf 102. Cond: 2-.
CM Analysis SOLD AT $24,980. The rule of thumb is that most new cars depreciate 25% in the first year (or
in excess of $50k, this one is falling faster than the average car. Is the economy to blame? Probably. I call this
market price, because high-line cars of all makes have been similarly spanked over the past six months. Too bad
they don't make a Head Up Display for economic indicators...
2005 Chevrolet Corvette coupe
EBay #360125143682. S/N 1G1YY24U655100434. Black/gray leather. Odo: 21,432 miles. 51 Photos.
Vienna, VA. 6-speed, navigation. “Black exterior is beautiful. A few small scratches of course... nice as it is it is
still used and not new. No large scratches, dings, fiberglass damage etc... The 5.7 Litre engine runs perfect and
the six speed manual transmission shifts perfect. Virginia Inspected and ready for a new owner. Also has a valid
Maryland Inspection... if you live in Maryland you know how important that is... especially on a car like this
one!!” 25 bids, sf 1364, bf private. Cond: 2-.
CM Analysis SOLD AT $25,200. The Maryland comment was odd, as I can't imagine it's all that hard to pass MD inspection with a stock four-year-old
car. Hmm. Still, the seller was spot on in calling it “a beautiful Vette for the price with only 21,432 Original Miles.” Well bought. ■
minute), and another 25% over the next four years, for a total of 50% in five. With a new car price
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
34 Corvette Market WINTER 2009 www.vettemarket.com

Page 34
Market Report
Overview
134 Corvettes, $18.2m in Sales
Good cars still generally brought consistent prices, but many sellers had to
adjust their expectations
by Jim Pickering
T
he end of 2008 and the beginning of 2009 saw
continued economic turbulence throughout the
country and around the world, and all eyes turned
to Scottsdale in January for the 2009 auctions.
Many wondered just how the numbers of Corvettes,
both offered and sold, would be affected. CM's Auction
Analysts made their way to the Arizona auctions, as well
as others across the U.S. and abroad, and for the most
part, good cars continued to bring consistent prices for
their sellers, while examples with stories or high-dollar
expectations again showed themselves to be a much
harder sell.
RM's 1963 Grand Sport was easily the most talked-
about Corvette in recent months, as with only five
examples in existence, the opportunity to own one is
extremely rare. After much pre-sale speculation as to
the market value of such a car, it failed to sell across the
block in Phoenix at $4.9m, but as of this writing, it is still
for sale through RM; sources tell us that a number that
starts with a “5” should buy the car.
Corvettes were out in force at Barrett-Jackson's
Top Ten Sales This Issue
1. 1963 Corvette Z06 Yenko Gulf One
coupe, $1,113,000—Lot# S110, p. 58
2. 1969 Corvette COPO L88 convertible,
$323,300—Lot# S142, p. 62
3. 1989 Corvette DR-1 convertible,
$286,000—Lot# 1218, p. 44
4. 1957 Corvette 283/283 convertible,
$265,000—Lot# S138, p. 56
5. 1967 Corvette 427/430 convertible,
$176,000—Lot# 1247, p. 44
6. 1989 Corvette ZR-1 Snake Skinner
coupe, $176,000—Lot# 396.1, p. 44
7. 1967 Corvette 427/435 convertible, $165,000—Lot# 807.1, p. 70
8. 1990 Corvette ZR-1 Active Suspension Prototype coupe, $150,700—Lot# 82, p. 44
9. 1963 Corvette 327/360 coupe, $137,500—Lot# 1263.1, p. 40
10. 1965 Corvette 396/425 convertible, $114,400—Lot# S683, p. 50
Best Buys
1. 1989 Corvette ZR2 Big Doggie convertible,
$71,500—Lot# 97, p. 44
Scottsdale event in January, with 127 cars on offer, ranging
from restored '54s through the several examples of
the newest ZR1. Over 250 cars from the GM Heritage
Fleet were sold here, including several pre-production
1989 ZR-1s, “Alpha” and “Beta” build C5 engineering
mules, and the only big-block C4 built, known as the
“Big Doggie.” The high-selling Corvette of the auction—the
only ZR-1 convertible built, a pre-production
'89 known as the DR-1—came from this collection, selling
at $286,000, a very healthy result.
Aside from GM's additions to the auction, Barrett-
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
Jackson again brought a decent selection of both restored
examples and drivers, but the high end of the market fell
off a bit, and final auction totals dropped from last year's
$85m to $61m. Although 28 more cars were offered
this year, Corvette sales dropped by $2m overall—from
$11.8m in 2008 to $9.8m this year—and the average price
per car—for all cars, not just Corvettes—fell from $74k
last year to $57k this year. Still, $61m in sales is nothing to
be taken lightly, especially in this economy.
Russo and Steele's ninth annual Scottsdale auction
took place just up the street from Barrett-Jackson, and this
year's event saw 23 Corvettes change hands. The high sale
went to a 1967 427/435 convertible at $121k, and of the 23
cars sold, only two others crossed the $100k mark. Russo's
general auction totals fell only about $1m to this year's
$17.5m, vs. last year's $19.1m, while its Corvette totals fell
$700k from last year's $2.3m to this year's $1.6m.
2. 1962 Corvette 327/360 convertible,
$98,450—Lot# F540, p. 50
3. 1990 Corvette ZR-1 coupe, $26,400—
Lot# TH218, p. 53
4. 1971 Corvette 454/365 coupe, $20,140—
Lot# F23, p. 62
5. 1984 Corvette coupe, $2,592—
Lot# Sun145, p. 73
Mecum Auctions returned to Kissimmee, Florida, for
its annual late-January auction, and this year's event saw
86 of 153 Corvettes change hands for a total of $4.9m—or
$400k more than last year's $4.5m take for 100 of 156
cars. The most notable Corvette of the group, and the
weekend's high sale, was the 1963 Gulf One Z06 racer.
Presented by “The Flying Dentist” himself, Dr. Dick
Thompson, it hammered sold at $1.1m. Last year's rain
and mud were replaced by pleasant weather throughout
the weekend, and despite a slow start to the sale, Mecum
saw an increase in final totals from $15m to $16.4m.
Although sales figures for Corvettes at auction were
in many cases down from the levels of just a few months
ago, gloomy predictions about just what the state of the
market would be throughout the beginning of 2009 did
not come true. What is clear is that buyers have become
even more careful with their money, and sellers' price
expectations have become just as important to the market
as the quality of their cars. ■
36 Corvette Market WINTER 2009 www.vettemarket.com

Page 36
Market
Report
Barrett-Jackson
Scottsdale, AZ
37th Annual Scottsdale Collector Car Auction
GM Heritage Corvettes range from high surprises to unrepeatable,
out-and-out bargains
Company
Barrett-Jackson
Date
January 11–18, 2009
Location
Scottsdale, Arizona
Auctioneers
Assiter & Associates
Tom“Spanky”Assiter, lead
auctioneer
Corvettes sold / offered
127/127
Corvette sales rate
100%
Corvette sales total
$ 9,808,700
Corvette high sale
1989 Corvette DR-1 convertible,
sold at $286,000
Buyer's premium
10%, included in prices of
sold lots
Corvettes accounted for 16% of B-J's $61m haul
Report and photos by Paul Duchene, Jim Pickering, and Dan Grunwald
Market opinions in italics
C
orvettes took their appointed place at Barrett-Jackson's Scottsdale Auction January
11–18, occupying 12% of the 1,075 lots on offer, and selling for an average of
$78,234 apiece.
High sale was the sole 1989 L89 Corvette convertible from the 252-strong GM
Heritage Fleet, the DR-1, which fetched a surprising $286k. At the other end of the sale,
a tired '81 coupe could be had for $8,250 and wasn't quite the bargain it seemed, even
at that.
But the buy of the auction (and possibly of the entire week) had to be the sole big-
block C4 Corvette—the orange 1989 “Big Doggie” convertible—powered by a 454-ci
V8 and sporting a factory hard top. Selling early in the week before anybody was ready,
it hammered down at a measly $71,500. “I expect
I'll pay $100k more than that when I buy it,”
sighed one noted Corvette collector.
The GM Heritage Fleet consisted of excess
Barrett-Jackson
Corvette Sales Total
concept cars and show vehicles, as well as restored
GM vehicles. These were greeted with
great enthusiasm and made some surprisingly
high prices.
But they were nearly all cars that could not
be titled, and bidders were warned that the lot
was sold without warranty or guarantee of any
kind as to the ability of said lot to perform in any
capacity or pass any emission or other standard
or the ability to be titled legally anywhere. The
VINs were in some cases complete and in some
cases were very short, beginning or ending in
38 Corvette Market WINTER 2009 www.vettemarket.com
$15m
$12m
$9m
$6m
$3m
2009
2008
2007
2006
2005
2004
2003
an “EX,” which designated experimental. Most were sold
on a scrap title and many without even an MSO and on a
bill of sale only.
Other significant cars from the collection included
one of the 83 pilot-built Corvettes in 1989, all of which
were supposed to be destroyed. It brought $198k. The
475-hp, lightweight “Snake Skinner” was a snap at $176k,
and “Snake Skinner II” might have been a real buy at
$73,700.
The “active suspension” 1989 ZR-1 prototype, fitted
with all the F1 trickery and tested by World Champion
Damon Hill, sold for $150,700 (“And who's going to
repair that?” said a wag in the audience). And the sole
RHD 1990 Corvette must surely be bound for Australia
at a bargain $27,500.
Finally, a pair of “Alpha” and “Beta” build C5 proto-
types went away for $41,800 apiece, surely a good deal on
pieces of history that almost never survive the crusher.
Overall, Corvettes were a strong part of the action at
Barrett-Jackson this year. If prices had softened a little
overall, you couldn't tell it from many of the Corvettes.
There were some excellent cars on offer. How about an
“as-new” 2008 Lingenfelter C6 coupe for $105,500, or the
sole LT1—a lovely 1971 Mulsanne Blue 4-speed car that
sold for $51,700, or any yellow car—clearly the hot color
this year. ■

Page 38
Market
Report
C1
#1257.1-1957 CHEVROLET CORVETTE
convertible. S/N E57S104018. Venetian Red
& beige/beige
miles. 283-ci 283-hp fuel-injected V8, 4-sp.
Frame-off restoration
car. Nitrocellulose lacquer with lots of buffing
marks, panel fit typical of factory production.
Both tops, radio, heater. Clean underhood, with
original style hose clamps. Cross-ply whitewall
tires. Cond: 2+. SOLD AT $103,400. A very
pretty car that sold mid-money and felt like an
older restoration, even if it wasn't. Is it possible
that the predominance of red and black cars is
finally becoming a negative? “Resale yellow”
doesn't have the same alliterative ring to it, but
that was the color to have this year.
#1263-1957 CHEVROLET CORVETTE
convertible. S/N E57S103835. Cascade
Green & beige/tan canvas/beige vinyl. Odo:
81,270 miles.
283-ci 250-hp fuel-injected
V8, 4-sp. Frame-off restoration of an 81,000mile
car. One of 664 fuelie cars in 1957.
Handsome color, excellent body fit, cross-ply
wide whites. Lovely interior, clean and correct
underhood. Cond: 1-. SOLD AT $110,000.
There was no mention of matching numbers,
but this car still sold near top dollar. Once
again an unusual color and superior workmanship
combined for a high-level result. If it's
not a matching-numbers car, it was very well
sold, as pretty as it was. Otherwise, a bit of a
buy, I'd say.
#998-1958 CHEVROLET CORVETTE
convertible. S/N J58S106507. Panama Yellow
& white/white
vinyl/charcoal
vinyl.
Odo:
44,329 miles. 283-ci 245-hp V8, 2x4-bbl, 4-sp.
Another 2008 frame-off restoration of a matching-numbers
car with photo documentation.
Very attractive and quite rare as one of 199
40 Corvette Market WINTER 2009 www.vettemarket.com
new weatherstripping. Clean underhood, good
plating, show-quality smooth bodywork, tidy
interior. Cond: 1-. SOLD AT $90,200. This
car was slightly better than a similar 1960 and
made a little more money. Both came in at top
book for this model, but there was no harm
done in either case. Anyone tracking auctions
closely might wonder if 100% of black and red
cars have survived... maybe even more.
#1342-1962 CHEVROLET CORVETTE
Resto-Mod convertible. S/N 20867S100572.
Black/black vinyl/red leather. 327-ci V8, 2x4bbl,
4-sp. Resto-mod with crate engine, dual
Edelbrock carbs, 4-speed, aluminum radiator,
rack-and-pinion
steering, and Vintage Air.
Art Morrison chassis, C4 suspension, coilover
shocks, 4-wheel Baer disc brakes, Foose
wheels, 9-inch Ford rear, Dakota Digital dash.
Cond: 1-. SOLD AT $104,500. Not nearly as
garish as it sounds, and very well done throughout.
The problem with building your dream car
manual brakes, Posi. Reportedly with very
complete documentation. Cond: 1-. SOLD
AT $137,500. What CM's '63 Split-Window
should have been, and worth correspondingly
more than double the CM car's selling price. A
lovely car which vividly illustrated the iconic
status of this model. $12,500 over high book
and I still say it's a good buy. There's the best
and there's the rest.
#1350.5-1963 CHEVROLET CORVETTE
convertible. S/N 30867S114643. White/white
vinyl/black vinyl. Odo: 3,641 miles. 327-ci
360-hp fuel-injected V8, 4-sp. Described as an
“amazingly original” car with a restamped replacement
engine. Clean engine, power brakes,
new master cylinder, aftermarket knockoffs.
in Panama Yellow with white coves. Typical
body fit issues, engine spotless. Very nice interior,
Wonderbar radio, wide white Firestone
tires. Cond: 1-. SOLD AT $93,500. Panama
Yellow must be the new black, to use a fashion
term. This car came in $5,500 over top book
and made for an interesting comparison with
lot 1246. Also a Panama Yellow 1958 model,
it had fuel injection and sold for $134,200,
which was $9,200 over market price. Both well
bought and sold.
#980-1960 CHEVROLET CORVETTE
convertible. S/N 00867S108132. Tuxedo
Black & silver/black vinyl/red vinyl. Odo:
15,164 miles. 283-ci 270-hp V8, 2x4-bbl, 4-sp.
Numbers matching with older body-off restoration
and photo record. Wrinkled top, typical
uneven panel fit, trunk sits high suggesting
is that it's very seldom anybody else's dream.
In this case, however, somebody agreed with
the seller and paid almost the price of a stock
fuel-injected '62. See profile, p. 22.
C2
TOP 10
#9
#1263.1-1963 CHEVROLET
CORVETTE
coupe. S/N
30837S110651. Silver/dark blue vinyl.
Odo: 45,432 miles. 327-ci 360-hp fuel-injected
V8, 4-sp. Bloomington Gold Award, two NCRS
Top Flights, Duntov Mark of Excellence. Paint
too nice, but not fresh. Very clean and correct
underhood. Excellent interior, cross-ply tires,
vinyl/beige vinyl. Odo: 21
of matching-numbers
Barrett-Jackson
Scottsdale, AZ

Page 40
Market
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Barrett-Jackson
Scottsdale, AZ
Paint nice but there's lots of it, chrome wavy,
door fit shows issues. Decent top and interior.
Cond: 2. SOLD AT $60,500. Last seen at
Worldwide's Houston Classic sale in May
'07, where it sold at $67,100 (CM# 45303).
If you want to know what matching numbers
are worth, here's your answer. This was a very
nice looking local show/driver quality car that
somebody will enjoy—at least away from the
big leagues. If the relationship that really matters
is the one between driver and car, this was
a good buy.
#421-1965 CHEVROLET CORVETTE
convertible. S/N 194675S110411. Nassau
Blue/white vinyl/blue vinyl. Odo: 8,560 miles.
327-ci 350-hp V8, 4-bbl, 4-sp. Matching-numbers
car. Claimed original paint shows what
looks like some evidence of respray. New interior
and dash, new top, claimed factory knockoffs
and sidepipes. Panel gaps typical, fenders
production knockoffs. Gaps consistent, excellent
paint is shinier than original under hood.
Factory side exhaust, teak wheel, and Goldline
tires. Factory papers, Protect-O-Plate. Cond:
1-. SOLD AT $84,700. Clearly good work. A
lovely car in a great color that just needs to age
and develop a bit of patina. Sold mid-money
and rather well bought, I'd say. With a/c, the
temptation will be to drive it.
clearanced for tires, chips in left front fender,
replacement chrome. Door lock knob missing,
panel fit decent but top cover gaps rather wide
on right. Cond: 2-. SOLD AT $61,600. Very
pretty car with a lot of eye appeal. Sold for
mid-market money, which suggests buyers had
some reservations. No harm done anyway—just
drive it and be admired.
#1233-1966 CHEVROLET CORVETTE
convertible. S/N 194676S127008. Sunfire
Yellow & black/black vinyl/black vinyl. Odo:
19,144 miles. 427-ci 500-hp V8, 4-bbl, 4-sp.
Body-off restoration to exciting driver expectations.
Non-matching modified engine, repro
sidepipes and knockoffs, '67 big-block stinger
hood. 3.70 Posi, AM/FM radio. Poor top and
door fit, nice and bright yellow paint. Cond:
2-. SOLD AT $77,000. Obviously built as a
fun driver and-to-hell-with-the-rest-of-you...
I'd expect this to work very well but involve
uncomfortable conversations with purists. So
184376S121120. Nassau Blue/black
vinyl. Odo: 54,447 miles. 327-ci 350-hp V8,
4-bbl, 4-sp. Appears to be a well-sorted car
repainted in a great color, but with restamped
TOP 10
#5
#1060.1-1966 CHEVROLET
CORVETTE
coupe. S/N
“step on the gas and wipe that tear away.”
Very well sold.
#1244-1966 CHEVROLET CORVETTE
coupe. S/N 194376S115016. Sunfire Yellow/
black vinyl. Odo: 46,775 miles. 427-ci 390-hp
V8, 4-bbl, 4-sp. Matching numbers car with
$100,000 frame-off documented restoration
in 2008. NCRS Top Flight and Bloomington
Gold awards. Fitted with factory a/c and re-
shoulder harness, and side exhaust. One of the
original 13 Tangier Shriner COPO Corvette
Patrol cars. Orange peel and bubbles in paint,
numbers “restored” to match. Cond: 2. SOLD
AT $176,000. First seen at Kruse Scottsdale in
January '98, where it failed to sell at $100,000
(CM# 21002). Seen again at Cox Branson in
October '05, where it failed to sell at $200,000
(CM# 39603). Interesting period concoction
with value in having been done at the time
by a dealer who had access to all the correct
parts. Considering that documented original
'67 L88s are knocking on the door of $2m, this
would seem to be a screaming deal with a story
that's fun to tell. Very well bought, even with
its baggage.
#987-1967 CHEVROLET CORVETTE
convertible. S/N 194677S111876. Marina
Blue/black vinyl/blue leather. Odo: 52,817.
327-ci 300-hp V8, 4-bbl, auto. Recent frame-off
restoration of a matching-numbers car. Fitted
with pw, a/c, AM/FM radio, ps, pb, headrests,
tilt/telescopic column, Redline tires, and Rally
wheels. Beautiful paint and chrome, excellent
engine, reproduction knockoffs and sidepipes,
rebuilt suspension, and rechromed bumpers.
Wipers need adjustment, passenger's door fit
not great. Goldline tires. Cond: 2+. SOLD AT
$68,200. This looked like a super driver that
had been honestly presented, and this midmarket
bid was probably on the money in this
case. Go and have fun.
#1247-1967 CHEVROLET CORVETTE
convertible. S/N 194677S102390. White &
red/white vinyl/red vinyl. Odo: 1,281 miles.
427-ci 430-hp V8, 4-bbl, 4-sp. Previously
represented as an original L88, started life
as a 327/300 car belonging to Garwood
Anderson of Anderson Chevrolet in Wahoo,
NE. Upgraded to L88 with M22 4-speed, J56
big brakes, big radiator, radio/heater delete,
42 Corvette Market WINTER 2009 www.vettemarket.com
panel gaps, nice interior. Very tidy under the
hood. Cond: 1-. SOLD AT $99,000. Last seen
at Mecum's St. Charles sale in October '07,
where it sold at $70,875 (CM# 47069). So
much for horsepower, somebody paid $5,000
over top dollar here for a 300-hp Powerglide
convertible with a/c. Here's the conundrum.
It's too nice to drive, but how could you resist?
Very usable and stylish. I think if you could afford
to buy it, you could afford to drive it.
#936.2-1967 CHEVROLET CORVETTE
convertible. S/N 194677S113712. Sunfire
Yellow & black/black
vinyl/black
leather.
Odo: 60,225 miles. 327-ci 350-hp V8, 4-bbl,
4-sp. Numbers matching example with good
repaint, said to have been delivered new with
sidepipes. Fitted with pw and big-block hood

Page 42
Market
Report
Barrett-Jackson
Scottsdale, AZ
features. Built when money was no object for
GM and going fast was the goal. I thought it
looked a bit ragged, so I got in a couple of bids
in the vain hope of sneaking it into my garage.
Everybody in Arizona must have been thinking
the same thing, as the price quickly shot to this
level. Expensive, but likely worth it to a serious
Corvette collector.
with stripe not typical of factory production.
Passenger's door fit wide, cracks in body by
passenger's door. Luggage rack, good bumper
chrome, nice leather interior, window fuzzy
strips bare. Includes spare, jack, tools, window
sticker, and owner's manual. Cond: 2. SOLD
AT $63,800. Last seen at Barrett-Jackson's
Las Vegas event in October '08, where it sold
at $55,000 (CM# 118333). Mid-market for this
model, mostly because of details that merited
attention. If the new owner corrects some odds
and ends, he could make money. I'd say well
bought.
C3
#452-1969 CHEVROLET CORVETTE
coupe. S/N 194379S700172. Fathom Green/
black vinyl. 427-ci 400-hp V8, 3x2-bbl, 4-sp.
Repainted with indication of left rear repair,
fender gaps uneven. Torq-Thrust wheels,
Goodyear Eagles, AM/FM radio, transistor
ignition, enormous coated sidepipes. Driver's
door lock looks to have been punched
TOP 10
#3
Mid-money, but a grade one collectible that
can't go anywhere but up. A right car, and at
this price, I say very well bought.
C4
#96-1989 CHEVROLET CORVETTE
ZR-1 coupe. S/N 1G1YZ21J3K5800074.
Purple/black leather. Odo: 21,610 miles. 350ci
375-hp fuel-injected V8, 6-sp. One of 83
pre-production ZR-1s built and never released
miles. Paint lovely, with gold metallic overtone.
Rubber and panel fit good, lacks central brake
light. The personal car of Engineering's Don
Runkle. Cond: 1-. SOLD AT $286,000. This
was the car the ZR-1 faithful were waiting for,
and bidding was fast and furious. Undoubtedly
heading for a serious collection and unlikely to
sell for less, ever. Well bought.
for public sale. Used for press events and auto
shows. Paint shows light use, usual bolster and
seat wear for miles indicated. Cond: 2. SOLD
AT $110,000. A rare collector Corvette from
GM Heritage. The purple color didn't work
for me, but it really doesn't matter here, as this
was rare with a capital R.
TOP 10
#6
and repaired. Missing hub screws, lug nuts
mismatched. Cond: 3-. SOLD AT $35,200.
Last seen here in January '08, where it sold at
$38,500 (CM# 51929). Good color and equipment,
but looks like it has stories you wouldn't
want to hear at bedtime. Those huge sidepipes
could bring any date to a blistering end. And
don't even think of saying, “But I did warn
you.” Correctly priced at low book.
#1232-1970 CHEVROLET CORVETTE
convertible. S/N 194670S411756. White/
white vinyl/black vinyl. Odo: 6,959 miles.
454-ci 390-hp V8, 4-bbl, auto. Original Top
Flight car with both tops and every available
option. Automatic, ps, pb, tilt/telescopic
column, pw, a/c, rear
defroster. Complete
history from day one includes window sticker,
work order, Protect-O-Plate, tank sticker, and
judging sheets. Documented by Al Grenning.
Typical of original in condition and details.
Cond: 1-. SOLD AT $49,500. The only strikes
here might have been the automatic transmission
instead of a 4-speed and a non-sexy color.
44 Corvette Market WINTER 2009 www.vettemarket.com
#396.1-1989 CHEVROLET
CORVETTE ZR-1 Snake Skinner
coupe. S/N 1G1YZ21J0K580081.
White/black cloth. Odo: 44,036 miles. 350ci
475-hp fuel-injected V8, 6-sp. Numerous
cracks in body panels and rear bumper. No hood
prop for wavy lightweight hood. Special GS-C
high-output Mercury Marine LT5 black engine,
worn Goodyear ZR tires. Lift-off rear window
with Dzus fasteners. Pre-production number
81 of 83. A special exercise in “How light can
we build it?” From the GM Collection, sold on
a scrap title. Cond: 3+. SOLD AT $176,000. A
lightweight Corvette with non-functional headlights
and other special pre-production ZR-1
Best Buy #97-1989 CHEVROLET CORVETTE
ZR-2 convertible. S/N EX5028. Hugger
Orange/black cloth & orange hard top/black
leather. 454-ci 500-hp fuel-injected V8, 6-sp. The
only big-block C4, brainchild of engineer John
Heinricy. Very good paint and unmarked interior,
unique hood to clear fuel injection runners of big
#1218-1989 CHEVROLET
CORVETTE DR-1 convertible. S/N
1G1YY31J8K5100026. Light Blue
Metallic/black cloth & blue hard top/black
leather. 350-ci 375-hp fuel-injected V8, 6-sp.
A GM Heritage car, and the only ZR-1 convertible
built. As-new with hard top and negligible
engine. Sold on a bill of sale. Cond: 1. SOLD
AT $71,500. Perhaps the buy of the whole auction.
There'll never be another one of these and
several collectors were kicking themselves for
not noticing when it was to be sold on Tuesday.
As one said, “It'll cost me $100,000 more next
time, but I'll probably buy it anyway.” The EX
VIN will present a problem for registration, as if
this is going to be driven anywhere.
TOP 10
#8
#82-1990 CHEVROLET
CORVETTE ZR-1 Active
Suspension Prototype coupe. S/N
EX5881. Black/black leather. Odo: 730 miles.

Page 44
Market
Report
Barrett-Jackson
Scottsdale, AZ
leather. RHD. Odo: 7,684 miles. 350-ci 240-hp
fuel-injected V8, auto. GM concept right-handdrive
study for export to the U.K, Japan, or
Australia. Pulled from the line, driven sparingly,
and stored until now. Large black side mirrors
fitted. From the GM Heritage Fleet, sold on a
scrap title. Cond: 2. SOLD AT $27,500. Sold
well over market for a standard '90 Corvette,
but it would make a great low-miles driver for
someone from across the pond... if they can get
past the scrap title.
350-ci 375-hp fuel-injected V8, 6-sp. “Active
Suspension” prototype. No hood lift rod, lots
of extra underhood plumbing. Special factory
trim, some visible age and wear issues.
Overall looks like 730-miles car. Cond: 2.
SOLD AT $150,700. Special 6-digit VIN. A
GM Collection test bed for their active suspension
technology. Fitted with rare components
and screams pre-production everywhere... and
you'd better make friends with the GM engineers
who built it, as fixing it could be tricky.
Sold on bill of sale.
#1332.1-1990 CHEVROLET CORVETTE
ZR-1 coupe. S/N 1G15Z23J8L5801672. Dark
red/tan leather. Odo: 310 miles. 350-ci 375-hp
fuel-injected V8, 6-sp. As-new, bought by little
old lady and parked with 310 miles on it. Sold
as pair with lot 1332, a yellow 2009 ZR1, to
large star cracks in rear glass. No centercaps on
wheels. Terrible interior with worn seats, most
trim pieces missing, loose wires and crude test
instrument brackets bolted to dash. Lift-off
hood, sign under wiper says “TOW.” Cond:
5. SOLD AT $41,800. One of 14 prototypes
of the C5 Corvette. This duct tape Corvette
special was a real rag, but it still quickened
my heartbeat a bit. Rode hard and never put
away, but rare nonetheless. Well sold on a bill
of sale only.
somebody with a lot of garage space. Cond: 1-.
SOLD AT $101,750. The ZR-1 story has followed
the same ghastly path as the 1976 “last”
Cadillac Eldorado convertibles. It's hard to
find one that does have a lot of miles on it...
there are just a lot of owners waiting for The
Messiah. This was a decent deal, as the buyer
got two cars for the price of one.
#1356-1990 CHEVROLET CORVETTE
coupe. S/N 1G1YY238315111778. Red/black
the catalog. Also sold with an “EX” in the VIN
for experimental. Rumor has it that there may
be internal parts missing on this unit, so think
twice about adding seats and going for a spin.
46 Corvette Market WINTER 2009 www.vettemarket.com
Three-year/36,000-mile warranty. As-new.
Cond: 1. SOLD AT $104,500. Handsome and
scary. When you live in Nevada and a 505-hp
Z06 isn't fast enough for you, you have options.
Why not enter the Silver State Classic and try
and break Chuck Shafer and Gary Bockman's
207.78 mph record for the 90-mile, 25-minute
race? Pure madness and rather well bought,
as this model cost $140,000-plus and 2008 was
the last year. ■
#1301.1-1998 CHEVROLET
CORVETTE C5 Display Chassis. S/N
1G1YY22G2V50009EX. Aluminum. GM
Corvette display chassis for the C5 shows the
chassis and engine layout with no body parts.
Includes platform with stainless etched plate
drawings of floor and body attachments. Cond:
1. SOLD AT $35,200. The “V” in the VIN
would make this a 1997 rather than 1998 as in
C5
#470.1-1997 CHEVROLET
CORVETTE Alpha Build coupe. S/N
1G1YY21U5VX1053EX. Black/black leather.
Odo: 4,865 miles. 5.7-liter 345-hp fuel-injected
V8, 6-sp. Pre-production with “EX” on the visible
VIN. Gelcoat finish with large pin holes,
chips, and scratches everywhere. Pop-riveted
disguise panels and drilled holes all over body,
Of course, if you want to do that, you can buy a
complete car for less than this bid.
#1536-2004 CHEVROLET CORVETTE
Z06 coupe. S/N 1G1YY12S245117936.
Silver/black
leather. Odo: 35,300 miles.
5.7-liter 405-hp fuel-injected LS6 V8, 6-sp.
Features Head Up display, memory package,
two remotes, window sticker, and all books
and manuals. Protective dashpad, driver's
power seat, dual climate control, Delco-Bose
stereo. Lovely silver paint with one chip on
driver's bump strip. Very nice interior. Cond:
1-. SOLD AT $30,800. Immaculate car and
hard to fault—the way you'd want to find one.
This price was $2,000 below low book, and it
was a steal if you plan to drive it. C5s are a
long way from making you any money, so just
hit the road. It's what they do best anyway.
C6
#1320-2008 CHEVROLET CORVETTE
coupe. S/N 1G1YY26W285103020. Red/
black leather. 427-ci 750-hp turbocharged V8,
6-sp. Lingenfelter Commemorative Edition C6.
Z51 package, Lingenfelter brakes, Corsa 304
stainless exhaust, 3-piece mags, heavy-duty
clutch. Custom hood and front and rear spoilers.
One of 25 total, one of twelve made in 2008.

Page 46
Market
Report
Russo and Steele
Scottsdale, AZ
9th Annual Scottsdale Collector Car Auction
Russo's volume was up significantly, and nobody is going to look down on a
44% sell-through rate in this economy
Company
Russo and Steele
Date
January 15–18, 2009
Location
Scottsdale, Arizona
Auctioneers
Jim Landis, Dennis Wisbey
& Rob Row
Overall auction results
262 cars offered / 597
cars sold
Total sales rate
44%
Sales total
$17,527,120
Corvettes sold
23
Corvette sales total
$1,568,900
Corvette high sale
1967 427/435 convertible,
sold at $121,000
Atmosphere is the name of the game at Russo
Report and photos by B. Mitchell Carlson
Market opinions in italics
R
usso was one of the few auction houses in Arizona this year that seemed to be
holding its own. Certainly the overall take was down by over a million dollars
($17.5m this year vs. $19.1m in 2008), but the ratio of decline was far less than
most of the other auction companies hosting events in the area.
There have been many changes throughout Russo's nine year history of Scottsdale
auctions—most recently with the new all-reserve format launched in 2008—but overall,
it looks like this event is dialed in. The consensus among most folks was that this
year's mix of cars was of a higher caliber than last year, and a variety of Corvettes
were available in various conditions.
This year's highest selling Corvette was a
1967 427/435 convertible at $121,000, followed
closely by a 1968 427/435 L89 convertible at
$117,700 and a 1965 396/425 convertible at
$114,400. These three were the only Corvettes
to break the $100k level, while the remainder of
the 23 sold were solidly within the five-figure
level.
One of the most interesting Corvettes of the
weekend was a mostly original 1962 327/360
fuelie with just 32,000 miles. It had been originally
owned by an Anaheim native, who occasionally
took it to Bill Thomas's nearby shop for
maintenance and performance tweaking. With
complete documentation, it sold at $98,450.
Several very good buys were also made, includ-
48 Corvette Market WINTER 2009 www.vettemarket.com
Russo and Steele
Corvette Sales Total
$3m
$2.5m
$2m
$1.5m
$1m
$500k
2009
2008
2007
2006
2005
2004
2003
ing a 1990 ZR-1 that was basically new, with only 5,200
miles. It made $26,400 and could be quite successful if
it goes to Bloomington for certification.
The highest seller of the weekend wasn't a Corvette
or even a muscle car; it was the ex-J.B. Nethercutt 1955
Mercedes-Benz 300SL, going to a new home for an
eye-opening $660,000. Next up was a 1964 Cobra 289,
a decent restoration that did $495,000. Hemis definitely
marked their territory, with the next highest sale being
Nicolas Cage's 1970 Dodge Challenger, going to a
non-celebrity owner for a 50% celebrity surcharge over
the market at $440,000. The buzz in the room was that
consignors were nervous about putting their cars in a
no-reserve auction, hence the larger number of big-dollar,
blue-chip collectibles that showed up here.
Russo's volume was up significantly from last year's
490 consignments. They put 597 cars across the block
during the four days, with 225 declared sold on the
block, and another 37 having deals put together postblock
for 262 sales. In today's economic environment,
no one is going to look down on a 44% sell-through
rate, and with its characteristic style and flair, Russo
and Steele continued to show it has a presence ingrained
deeply enough in the Arizona auction scene to be a force
to be reckoned with. ■
Buyer's premium
10%, included in sold
prices

Page 48
Market
Report
C1
#F483-1954 CHEVROLET CORVETTE
roadster. S/N E54S001808. Pennant Blue/
beige cloth/beige vinyl. Odo: 68,396 miles.
235-ci 155-hp straight 6, 3x1-bbl, auto.
Purchased in 2007 from the second owner's
estate.
Cosmetically
restored
on-the-frame
in 2001, eight-year-old repaint and replating
still look fresh. No worse than original door
and panel fit and gaps. Once moderately well
detailed motor now has some light surface rust
Russo and Steele
Scottsdale, AZ
ration unwinding made this correctly priced at
the lower end of market for condition.
#S723-1957 CHEVROLET CORVETTE
convertible. S/N E57S102468. Arctic Blue & silver/blue
vinyl & hard top/red vinyl. Odo: 48,275
miles. 283-ci 283-hp fuel-injected V8, 3-sp.
Factory options include two tops and Wonderbar
radio. High quality bodywork, equally high quality
repaint, hard top looks slightly lighter. Door
and panel gaps slightly incongruent but no worse
than factory. Show quality bumper replating and
reproduction side trim, door tops and windshield
frame are original and moderately dinged up.
Koni shocks in 1965). There was very heavy
interest in this car on the auction block, and it
went three bids past the $88k reserve without
much trouble. Being a fan of originality over
restoration, this was my favorite Corvette of the
weekend. Bought well, if just for the provenance
and originality.
C2
#F538-1963 CHEVROLET CORVETTE
coupe. S/N 30837S103244. Daytona Blue/
blue vinyl. Odo: 69,630 miles. 327-ci 360-hp
fuel-injected V8, 4-sp. Optioned with pw and
signal-seeking AM radio. Older bodywork and
paint with some light rippling at roof pillars.
Door and panel fit decent but not better than
stock. Windshield and door post trim show
quite a few dings, older replated bumpers OK.
Engine bay detailing starting to get dingy and
and oxidizing of radiator hoses. Interior soft
trim has light wear but is still very presentable.
Dashboard repaint looks to have been done
with a roller. Cond: 3+. SOLD AT $63,800.
Last seen at McCormick's Palm Springs auction
in February '08, where it failed to sell at
$66,000 (CM# 89935). The bidding started at
$30k, and it took a while to get to $58k, when
the reserve was lifted. Maybe I'm somewhat
biased because I like Pennant Blue the best of
all the '54 colors, but as this would be pretty
easy to fluff up, I feel it was a decent buy.
#TH275-1957 CHEVROLET CORVETTE
convertible. S/N E57S100815. Red & white/
white vinyl/red vinyl. Odo: 1 miles. 283-ci
270-hp V8, 2x4-bbl, 4-sp. Fitted with later
production engine and even later transmission.
Fully restored with high quality body prep
work, replated bumpers, professionally polished
trim, and reproduction emblems. Panel
fit better than stock, but not perfect. Well detailed
and authentically restored engine compartment
starting to show light soiling from
Clean and well detailed engine bay, with clean
bright paint but dull aluminum. Fresh interior
vinyl shows no perceivable wear. Cond: 2. SOLD
AT $82,500. One of 258 1957s in Arctic Blue
with silver coves, and one of 713 high-horse fuelies.
While it looks pretty nice on the outside, the
chassis would need some work completed before
one would start to consider showing it. Actually,
it could stand a good weekend-plus of fluffing to
really make it pop all over. Or just keep driving it.
At least it wasn't a 4-speed car that really wasn't.
Market pricing for 2009.
Best Buy #F540-1962 CHEVROLET CORVETTE
convertible. S/N 20867S105350. Ermine
White/black vinyl & white hard top/black vinyl.
Odo: 32,887 miles. 327-ci 360-hp fuel-injected
V8, 4-sp. All documentation from new. Options
include both tops, 4.11 Posi, Wonderbar radio,
and Special Crankcase Ventilation. Mostly
original, achieved NCRS Second Flight with
89.5 points without even a car wash. Typical
body waviness, good panel fit, paint with light
polishing scratches and a few touch-ups. Good
original brightwork. Recently fluffed-up engine
dusty. Older replacement seat upholstery kit
with some moderate wear, vinyl in door top
corners staring to lift and curl. Cond: 3. SOLD
AT $85,800. This car did have the full complement
of original documentation—including
original window sticker, owner's manual, and
warranty booklet—but as Drew so succinctly
explained while it was on the block, “some
dirtbag stole the original documentation out of
the car.” This may have been a defining factor
on the seller deciding to move the car out, as
he released the reserve after it hit $76k.
limited use. Fully restored interior shows only
light wear on driver's side carpeting. Top like
new. Cond: 2. SOLD AT $63,800. The 4-speed
became available from the factory on April 9,
generally around serial number E57S103500.
The odometer was also noted as having been
recently restored, as there was more than one
mile of use, as well as a list of shows it had
attended since the work had been finished. The
commonly encountered incorrect white instead
of light beige cove paint and some light resto-
50 Corvette Market WINTER 2009 www.vettemarket.com
194675S122212. Rally Red/white vinyl
& red hard top/white vinyl. Odo: 49,190 miles.
396-ci 425-hp V8, 4-bbl, 4-sp. Both tops, sidepipes,
telescopic column, wood rimmed wheel,
AM/FM radio, and knockoffs. NCRS Top Flight
and VetteFest Gold Spinner awards. Slightly
muted body character lines, good quality repaint
with no nicks or scratches. Rechromed
bumpers slightly rippled, just like when new.
Replacement emblems and trim, fresh top
correctly installed with only light rippling.
TOP 10
#10
bay, rear axle retains original inspection paint
markings. Light seat and carpet wear, original
shift knob yellowing. Cond: 2-. SOLD AT
$98,450. Since the original owner (who was a
founding member of Corvettes of So. Cal.) lived
in Anaheim, he took it to the nearby shop of
Bill Thomas for maintenance, tuning, and the
occasional performance part (such as a set of
#S683-1965
CORVETTE
CHEVROLET
convertible. S/N

Page 50
Market
Report
Russo and Steele
Scottsdale, AZ
Concours engine bay authentic down to engine
overspray. Reproduction interior shows no wear
or soiling. Cond: 1. SOLD AT $114,400. It
took a little while on the block, but this trophy
magnet did manage to find a new home when
the consignor dropped the reserve after bidding
died down. It would be hard to upgrade from
this one, unless you can find another real red
convertible with the addition of ps, pb, and pw
that's a Duntov Award winner.
#S739-1965 CHEVROLET CORVETTE
coupe. S/N 194375S118363. Red/red leather.
Odo: 67,868 miles. 396-ci 425-hp V8, 4-bbl,
4-sp. Factory options include sidepipes, telescopic
column, teak wheel, AM/FM radio, and
knockoffs. Good older repaint with some light
bonding strip broadcasting on nose and sides.
Average bumper replating, mix of good original
and reproduction brightwork. Good door and
all the smog parts still with it is quite a trick,
as most folks pulled all of that “smog crap”
off so their cars would run better. Or that was
their story. However, in locales like California,
where they actually enforce these things, you'd
have a better chance of finding a complete car,
and if they didn't mess with the smog gear, they
probably didn't mess with anything else, either.
Not a bargain, but bought well.
C3
#TH326-1969 CHEVROLET CORVETTE
ZL1 Replica coupe. S/N 194379S702813.
White & black/black leather. Odo: 41,027
miles. 427-ci 430-hp V8, 4-bbl, 4-sp. Built
up from a standard Corvette with claimed all
N.O.S. parts, including 1969 ZL1 motor number
51 and an M22 4-speed. Good body prep and
paint application, slightly dull bumper chrome
and trim. Better than stock door and panel fit,
extremely accurate replica ZL1 engine bay
lackluster. Well preserved original interior with
light wear and soiling, mostly on the driver's
seat. Door panels look newer. Cond: 3+. SOLD
AT $17,600. This was the start of the era that
pretty much made the Corvette nothing more
than a two-seat Malibu. Then again, folks are
starting to collect “higher performance” and
even bone-lazy Malibus of this era, so this car
did as well as could be expected.
#SN858-1978 CHEVROLET CORVETTE
Indy Pace
Car
1Z87L8S901015. Silver, black, & red/silver
leather. Odo: 86,270 miles.
Edition coupe. S/N
350-ci 220-hp
V8, 4-bbl, auto. California market L82 with
three owners since new. Gloss to original paint
quite good at ten feet, many cracks and buffing
marks up close. Some red tape stripes starting
to lift. Washed off engine bay, dead bird stuck
in right side of cowl behind right windshield
panel gaps, older engine bay detailing. Older
reproduction door panels, seats, carpeting, and
dashpad. Light to moderate wear and soiling
on the drivers' side floor board carpet, minimal
seat wear. Cond: 3+. SOLD AT $57,200. There
wasn't really that much wrong with this car
that some heavy detailing couldn't fix. Thanks
to a declining market, the reserve was lifted
when the bidding ended. Even at that, this was
bought quite well.
#S674-1966 CHEVROLET CORVETTE
coupe. S/N 194376S124487. Silver Pearl/silver
vinyl. Odo: 56,261 miles. 427-ci 390-hp
V8, 4-bbl, 4-sp. Original California car with
all emissions equipment intact. Also fitted
with a/c, tinted glass, ps, sidepipes, teak
wheel, AM/FM radio, and knockoff alloy
wheels. “Recently refreshed” inside and out.
Crisp body character lines under high quality
trim-off repaint, better-than-original door fit
and panel gaps. Authentically detailed stock
engine bay, all new interior soft trim was expertly
installed and shows no wear. Cond: 2+.
SOLD AT $81,400. Finding any '60s car with
complete with air pump and all California
emissions equipment. All fresh reproduction
interior soft trim expertly installed. Cond: 2.
NOT SOLD AT $59,000. This is one of the
few times I'll actually use the word “clone” to
describe a car—although the consignors were
consistent on the use of “tribute,” since it is
almost an exact copy of the white ZL1 (the only
other known ZL1 is yellow). Once again, these
sorts of things are worth the sum of their parts,
and it seems to be about $60k worth of parts
here, the bulk of which is the real ZL1 motor.
#S616-1973 CHEVROLET CORVETTE
convertible. S/N 1Z67J3S420589. White/white
vinyl & hard top/tan vinyl. Odo: 66,574 miles.
350-ci 185-hp V8, 4-bbl, auto. Fitted with two
tops, ps, pb, a/c, tilt/telescopic column, pw, and
luggage rack. Mostly original paint with typical
light orange peel, door edges chipped. Original
chrome and trim presentable but not perfect.
Engine
not long ago, balance of engine compartment
wiper arm. Seat upholstery most likely a high
quality replacement, as it is not worn or discolored
as much as steering wheel rim. Door
panels and carpet show more typical wear,
but are still in pretty good condition. Cond:
3. SOLD AT $11,000. Across the block, the
reserve was lifted at $10k, and it took an additional
bid to get the car sold. With 1978 IPCs
gaining ground in the market over the last few
years, I'll say this was bought well despite its
condition. Due mostly to the door cracks and
the mileage, I don't think it would be too much
of a sin to repaint the black sections, especially
since the refurbishment path has already been
blazed by the seats.
#F418-1982 CHEVROLET CORVETTE
Collector
1G1AY0783C5110582. Silver
leather. Odo: 4,900
miles.
350-ci
Edition coupe. S/N
Beige/silver
220-hp
repainted and moderately detailed
fuel-injected V8, auto. Factory options include
heavy duty cooling package, power
seats, power door locks, cruise control, and
AM/FM/cassette stereo. NCRS Top Flight,
NCRS Duntov award, and Bloomington Gold
certified. Mileage claimed correct. Very good
original paint, some light nicks on the nose,
all seals soft and pliable. Well detailed engine
bay. Seats have light wrinkling and wear on
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Page 51
outside bolsters, but usually problematic silver
leather dye is holding up well. Cond: 2. SOLD
AT $33,000. Last seen at RM's Phoenix sale
in January '03, where it sold at $32,450 (CM#
30241). The reserve was lifted at $28k—and for
good reason. Even with Bloomington Gold and
NCRS provenance, this still rang the bell pretty
hard as a 1982. On the other hand, 1982s have
been really seeing some increases in selling
prices over the last two years. The Collector
Edition cars are leading the pack, since quite a
few were pickled when new. All in all, not a bad
deal for the consignor.
C4
#TH222-1988 CHEVROLET CORVETTE
Callaway Twin Turbo convertible. S/N
1G1YY3183J5102455. Red/black cloth/black
leather. Odo: 2,302 miles. 350-ci 382-hp twinturbocharged
V8, 4+3 manual. One-owner car
since new, documentation includes Callaway
owner's manual and notebook presentation
set. Excellent original paint has been cleaned,
buffed,
and
polished
to
better
than new.
Callaway 5-spoke alloy wheels nice, top fit like
pay any additional dealer markup, and it sold
here for $26,400. Pretty lousy for an investment,
and it proves once again that “instant
collectibles” are only money makers for those
who build them. This will be a shoo-in for not
only a Bloomington Gold car when it becomes
eligible, but also as a Benchmark. No matter
what the new owner does at this point, this was
still bought well.
C5
Avelate
#TH355-1999 CHEVROLET CORVETTE
Custom convertible.
S/N
1G1YY32G0X5119647. Candy Tangerine
Pearl/white vinyl/black & orange leather.
Odo: 84,961 km. 5.7-liter 345-hp fuel-injected
LS1 V8, auto. Sold new in Quebec, with
speedometer segmented to 300 and default
mileage in kilometers. Repatriated a year later
via the state of Washington. Converted into one
of three Avelates, which integrated the styling
of the 1953–1955 Corvette. Show-quality custom
paintwork carried over to interior center
console. Good chrome on custom fabricated
trim.
Custom leather seats, console cover,
and door panels. Cond: 2-. NOT SOLD AT
$60,000. Another variation of the retro look on
a modern car, and it actually came off fairly
well. Half as well fabricated as the CRC 1962
C5, design elements integrated half as well,
and bid to half a CRC's base price. If you really
need to put a custom body on your Corvette, you
need to drive more pedestrian vehicles more
often to appreciate what you already have...
but who am I to make the call on pissing one's
money away on borderline gaudiness? ■
new, without any wrinkling or creases. Engine
bay slightly dusty from long-term storage.
Interior shows light wear on door sill carpeting,
steering wheel rim, and light wrinkling on
driver's seat bottom. A well preserved example.
Cond: 2+. SOLD AT $34,650. The soft top was
made in fewer numbers than the coupes, making
this one of the most desirable Callaways
out there. A market-correct price considering
this one's condition and rarity.
Best Buy #TH218-1990 CHEVROLET
CORVETTE ZR-1 coupe. S/N
1G1YZ23J8L5800893. Black/gray leather.
Odo: 5,264 miles. 350-ci 375-hp fuel-injected
V8, 6-sp. Originally sold through Mark
Chevrolet of Wayne, MI, with both roof panels
and electronic
climate
control
as
the
only
two options in addition to the ZR-1 package.
Claimed original mileage. Exceptionally well
maintained and cared for, with only the lightest
signs of use. Two light nicks in nose paint, light
carpet wear on the driver's side door sill, faint
wrinkling of the driver's seat. Paint regularly
cleaned and polished to the point of having a
better gloss than when new. Cond: 1-. SOLD
AT $26,400. Let's see... It was $60,590 out the
door in 1990, provided the owner didn't have to
www.vettemarket.com WINTER 2009 Corvette Market 53

Page 52
Market
Report
Mecum Auctions
Kissimmee, FL
2009 Kissimmee High Performance Auction
Overall, cars that found new owners did so at a fair exchange, provided you
studied your 2009 price guide—not last year's copy
Company
Mecum Auctions
Date
January 22–24, 2009
Location
Kissimmee, Florida
Auctioneers
Mike Hagerman, Mark
Delzell & Bobby Delzell
Overall auction results
437 cars offered / 753
cars sold
Total sales rate
58%
Sales total
$16,419,172
Corvettes sold / offered
86/153
Corvette sales total
$4,899,935
Corvette high sale
$16.4m total and $5m of that from Corvettes
Report and photos by Dale Novak
Market opinions in italics
A
s I traveled to the Mecum Kissimmee auction held from January 22–24, 2009,
at Osceola Heritage Park, I passed building after closed building on the streets
of Kissimmee, as well as numerous “going out of business” signs.
Kissimmee is an active tourist destination that draws on millions of people
flocking to Walt Disney World, but it was clear that the same economic issues being
felt throughout the nation had found their way here, and just what that meant for the
sale remained to be seen. How many bidders would sit on their hands unless the car
was a flat-out steal? How many active buyers would even be present?
The crowds were fairly light and the sale a bit slow on Thursday, but the event
changed pace later on, building up to a brisk pace on both Friday and Saturday. The
“Chamber of Commerce” Florida weather certainly helped Dana Mecum to set a sunny
mood, but even though energy was upbeat
throughout the weekend, it seemed that most
bidders were generally more cautious with their
money than they had been in years past.
Nevertheless, the top sale of the event was
Mecum Kissimmee
Corvette Sales Total
the heavily advertised 1963 Gulf One Z06 race
car, which sold over the phone at $1,113,000.
Dr. Dick Thompson, also known as “The Flying
Dentist,” was at the sale and presented the car
as it crossed the auction block, noting that if it
had looked this good when he had raced it, he
might have been able to go just a bit faster. The
second highest sale of the weekend went to a
1969 COPO L88 convertible racer, complete
with its vintage racing certificates and log
books, which sold at $323,300.
Other notables included an unrestored, orig-
54 Corvette Market WINTER 2009 www.vettemarket.com
$8m
$7m
$6m
$5m
$4m
$3m
$2m
$1m
2009
2008
2007
2006
2005
2004
2003
inal-owner 1957 283/283
fuelie convertible that
sold at
an impressive
$265,000, another '57 283/283 with Bloomington Gold
certification and a numbers-matching engine that found
new ownership at $108,650, a 1962 327/340 convertible
wearing an older restoration that brought $71,020,
and a 1964 Mako Shark replica that changed hands at
$37,100.
All in all, the event progressed without a hitch, and
the Mecum team moved things along in their typical
friendly, professional way. Cars that found new owners
did so at a fair exchange, provided you had studied your
2009 price guide—not last year's copy. Sellers who
expect Rip Van Winkle to suddenly wake up and buy
their cars at 2007 prices should make sure their tow
vehicles are fueled for the trip home.
Despite a gloomy economy, auction attendance was
reportedly up 51% over 2008, and Mecum posted a 58%
overall sell-through rate this year, with 437 of 753 cars
finding new homes for a final total of $16,419,172—up
from last year's $15,090,107. For the Corvettes, 86 of
153 sold, compared with 100 of 156 last year, but the
final Corvette total rose from $4,507,697 in 2008 to
$4,899,935 this year. Even though buyers are being
much more cautious about what they're buying, it's clear
that good cars are still bringing good prices. ■
1963 Corvette Z06 “Gulf
One” Race Car, sold at
$1,113,000
Buyer's premium
$300 up to $5,499, $500
from $5,500 to $9,999, 6%
thereafter, included in
sold prices

Page 54
Market
Report
C1
#S123-1954 CHEVROLET CORVETTE
roadster. S/N E54S001926. Polo White/tan
canvas/red vinyl. Odo: 76,572 miles. 235-ci
150-hp straight 6, 3x1-bbl, auto. Non-original
engine noted. Both doors out at bottom, trunk
high at rear deck. Typically variable Corvette
body, nice paint with some flaws, some stress
cracks found in typical areas. Headlamp bezels
Mecum Auctions
Kissimmee, FL
paint, and I noted plenty of people commenting
on it and questioning the quality of the work.
That being said, the balance of the car was
excellent. Spot on the money for this condition,
minus the paint. My guess is that it will
be headed to a new home and visiting the paint
booth very soon.
TOP 10
#4
#S138-1957
CORVETTE
18,660 miles.
CHEVROLET
convertible. S/N
E57S106050. Silver/red vinyl. Odo:
283-ci 283-hp fuel-injected
V8, 4-sp. Original and numbers-matching.
Both doors out at bottom, typical body issues
throughout. Totally unrestored, but some minor
paintwork noted. Paint rather dull but in exceptional
condition given the age and originality.
Hard top plexiglas with a few cracks, interior
is somewhat wavy, some small dents found
on chrome body spears. Interior shows some
pitting on chrome items. Incorrect tach noted.
Cond: 3+. SOLD AT $68,370. I spoke with
the consignor of this Corvette and confirmed
my suspicions that the car had formerly been
red. Originally this car had been Inca Silver,
then changed to red, and now black. Bits of red
paint could be found in small areas here and
there, and some of the red overspray was noted
on the convertible top frame. This was a decent
'58, and although the price was right for its
condition, I'd call it slightly well sold.
#S94-1962 CHEVROLET CORVETTE
convertible. S/N 20867S105228. Fawn
Beige/white
vinyl/beige
vinyl. Odo: 28,062
miles. 327-ci 340-hp V8, 4-bbl, 4-sp. Numbers
claimed to match, older frame-off restoration
with no mention of how long ago that
took place. Both doors out at bottom, typical
Corvette body presents well. Hard top is in
heavily pitted, windshield frame in nice condition.
Steering wheel cracked, new seats fitted,
dash paint is somewhat flat. Clean engine bay
but not detailed. Cond: 3+. SOLD AT $84,800.
It's not all that uncommon to see early C1s like
this one— not super fresh, but not totally beat
to death either. A nice Sunday driver or cruisein
participant. If you wanted a '54 to drive and
enjoy, this was the one. A market-correct price
for condition and N.O.M. power. Both buyer
and seller should go home happy.
#S98-1957 CHEVROLET CORVETTE
convertible. S/N E57S103045. Black/black
vinyl/red vinyl. Odo: 592 miles. 283-ci 283hp
fuel-injected V8, 4-sp. Claimed to be
Bloomington Gold certified with the original
numbers-matching engine. 550 miles since restoration.
Both doors out at bottom, passenger's
door gap wide at fender. Paint micro-blistering
heavily in most areas, especially at cowl.
Generous scratches and swirl marks present.
Chrome very nice but showing age, interior
looks very good and is extraordinarily well
preserved with only light fading. Factory stickers
still holding on for dear life underhood.
A marvelous example. Cond: 3-. SOLD AT
$265,000. You simply can't put a number on
this type of historical preservation. Brought to
the auction by the original owner, this car had
been extremely well cared for since 1957. It
was simply superb in every sense of the word.
This was the Corvette to buy, and it cost the
new owner $265,000 for the bragging rights.
Finding another like it just might be impossible,
so even at this price, I'd call it well bought.
#F143-1958 CHEVROLET CORVETTE
convertible. S/N J58S107025. Black & silver/
red vinyl. Odo: 63,251 miles. 283-ci 270-hp
V8, 2x4-bbl, 4-sp. Numbers claimed to match.
Trunk pinched at rear, no other gap issues
noted. Very nice paint with some small indications
that the car may have been red at one
time. Most chrome nice, some pitting noted on
windshield surround. Rechromed rear bumper
excellent shape, chrome and trim quality varies
from very nice to driver level. Nice engine bay
is not totally correct. Lightweight aluminum fan
fitted. Cond: 2-. SOLD AT $71,020. An excellent
above-average driver that you could use
and enjoy. There was nothing to fret over with
regard to the overall quality of the restoration
work. This was obviously well cared for and was
in a rarely seen color combination, so I'd call
this a fair deal for both buyer and seller.
#S105-1962 CHEVROLET CORVETTE
convertible. S/N 20867S109619. Honduras
Maroon/black
vinyl/black vinyl. Odo: 49
miles. 327-ci 340-hp V8, 4-bbl, 4-sp. Numbers
claimed to be matching. Driver's and passenger's
door out at bottom. Nicer-than-stock body,
excellent paint does show light polishing marks
presents well and still remains tight and crisp.
Engine bay is show quality. Would be an easy
2+ with the proper paint work. Cond: 3+.
SOLD AT $108,650. One has to wonder what
happened to the paint on this freshly restored
example. The micro-blisters were heavy in
areas and stood out, especially with the black
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Page 56
Market
Report
Mecum Auctions
Kissimmee, FL
and scratches. Chrome and trim very nice but
not to show standards, with some scratching
noted. Beautiful interior just sparkles, which is
tough to pull off with black. Very clean engine
bay. $65,000 noted in restoration expenses.
Cond: 2+. SOLD AT $66,250. Although classy,
Honduras Maroon is a love-it or hate-it color
in my opinion. It seems to me that the Chevrolet
designers thought they wanted something in
between red and black, so we have Honduras
Maroon. In any event, this was an excellent
Corvette with an original numbers-matching
drivetrain and a full restoration. My guess,
and it's just a guess, is that the color held the
number back here. Well bought.
#S124-1962 CHEVROLET CORVETTE
convertible. S/N 20867S113696. Red/red
vinyl. Odo: 51,715 miles. 327-ci 250-hp V8,
4-bbl, 4-sp. Numbers claimed to match. Rear
convertible boot panel pinched at driver's
side rear, passenger's door in at fender. Other
panel fit good. Some small stress cracks noted
in body, paint is very nice and only showing
minor prep issues and some small touch-ups.
Nicely polished chrome and trim with some
very nicely done but not over the top. The
exhaust note is simply superb. Cond: 2+. SOLD
AT $1,113,000. This is the actual campaigned
Z06 driven by Dr. Dick Thompson, AKA the
Flying Dentist. Dr. Thompson presented the car
while it was up on the block, and he stated that
it was “in much better condition than when I
drove it, and had it looked like it does today, I
would have been able to drive it even faster.” A
pure piece of history. Expensive? I don't think
so for such a historical piece. I'd call this well
bought. See profile, p. 24.
Mako
#T166-1964 CHEVROLET CORVETTE
Shark
Replica
convertible. S/N
40867S112203. Blue/dark blue vinyl. Odo:
2,410 miles. 350-ci V8, 4-bbl, auto. Very
nice panel fit, total custom front nose with no
headlamp buckets to pick on. Very nice custom
paintwork with few needs noted, but not show
quality. Chrome and brightwork nice but slightly
scratched and show polishing marks. Interior
is all there and in good overall condition, but
scratches throughout, driver quality engine
bay could use a good detailing. A very good
driver. Cond: 3. SOLD AT $48,760. This was
the base model power for the year and not all
that potent at only 250 horses. That said, this
was a very nice driver that needed very little
to be taken up a notch. The engine bay could
be tinkered with for a couple of weekends to
improve the presentation, and the interior was
certainly not abused. I'd call this a fair deal
for both buyer and seller, with the advantage
to the buyer.
C2
TOP 10
#1
#S110-1963 CHEVROLET
CORVETTE Z06 Yenko Gulf One
coupe. S/N 30837S102227. White
& blue/black vinyl. Odo: 4,173 miles. 327-ci
360-hp fuel-injected V8, 4-sp. One of 14 factory
Z06 performance cars built specifically for
competition. Outstanding gaps, better-than-factory
build, very nice paint showing only minor
polishing marks and light scratches. Paint is
just right and not too glossy, limited chrome
excellent. Period race tires. Interior restoration
58 Corvette Market WINTER 2009 www.vettemarket.com
plenty of use. Non-original motor. Paint and
body is driver grade and presents as nothing
more than that. Interior looks good and is
complete, with light scratches in glove box
door, faded carpet, and flat seat padding. Cond:
4+. NOT SOLD AT $35,000. As a well-used
driver there was nothing to fret about, but up
close this example would gnaw away at you
in short order. The body gaps seemed good
overall, but there was just not much about this
mid-year to fall in love with. That being said,
it was a great color combination to work with
and was equipped with a 365-hp powerplant,
although not the original engine. This was
close to the right money for this condition, and
it probably should have sold.
#S107-1966 CHEVROLET CORVETTE
convertible. S/N 194676S127220. Red/black
vinyl. Odo: 3,070 miles. 427-ci 390-hp V8,
4-bbl, 4-sp. An original big-block Corvette
with under 3,100 miles. Driver's door in at
bottom, convertible top boot wide at back on
passenger's side, headlamp fit off from one
side to the other. Non-original paint shows
some
minor
masking issues. Fitted
with
Goldlines and knockoff wheels. Engine bay is
again, not to show. Aftermarket shifter installed
in factory console looks awkward. Cond: 3+.
SOLD AT $37,100. Non-original engine, but
that simply didn't apply here, as not much of the
original car remained either. Claimed to be a
knock-off of the original Mako Shark I and was
built from a Franklin Mint model. As a funky
conversation piece I'll give it an A+, and you
won't find another like it. I wonder if a really
thick gold chain comes with it. Beauty is in the
eye of the beholder, and this was a fair deal all
around if it's your cup of tea.
#S191-1965 CHEVROLET CORVETTE
convertible. S/N 194675S117504. Blue/white
vinyl/white vinyl. Odo: 67,216 miles. 327-ci
365-hp V8, 4-bbl, 4-sp. Convertible top boot
pinched at passenger side, passenger door in at
bottom, hood fit slightly skewed. Engine bay
seems to be dolled up for the sale but shows
neat and tidy but could be better. Some pitting
noted on vent window trim, interior nearly asnew.
NCRS Top Flight award. Cond: 2. NOT
SOLD AT $92,500. This car featured plenty of
documentation, including the window sticker,
and was fitted with sidepipes, so one has to
wonder why it didn't sell at this price. It was
in great shape, so I believe that something may
have been amiss. Corvettes were in plentiful
supply here at this sale, and other all-original
cars found better money. My guess is the repaint
gave bidders a cautionary pause.

Page 58
Market
Report
Mecum Auctions
Kissimmee, FL
#S114-1967 CHEVROLET CORVETTE
convertible. S/N 194677S100606. White &
black/black vinyl/black
vinyl. Odo: 30,990
miles. 427-ci 390-hp V8, 4-bbl, 4-sp. Numbers
claimed to be matching. Excellent gaps, typical
body, paint excellent and showing only light
swirl marks. Chrome and trim look very good
but both show light scratching, stainless window
trim is to show quality. Excellent engine
#S109-1967 CHEVROLET CORVETTE
convertible. S/N 194677S122549. Black/red
leather. Odo: 53,819 miles. 327-ci 350-hp V8,
4-bbl, 4-sp. Numbers claimed to match. Both
doors in at bottom, convertible top boot high at
driver's rear. Older paint evident by rub marks
in boot from hard top. Light sanding marks in
work under the hood and some effort to revive
the paint would have done wonders here and
vastly improved the end result. In this market,
this kind of money is all you're likely to see for
a car like this.
Berger
#S113-1969 CHEVROLET CORVETTE
convertible. S/N 194679S704294.
Fathom Green/white vinyl/dark green vinyl.
Odo: 45,532 miles. 427-ci 450-hp V8, 3x2-bbl,
auto. Body shows typical Corvette fit issues,
passenger's door out at bottom. Average paint
is very nice but does show a uniform orange
peel throughout, which is somewhat typical of
the original finish. Nice engine bay noted to be
a notch above driver, but not to show standards.
Fitted with a vinyl-covered hard top. Very nice
bay per factory and not over-restored, proper
overspray noted on exhaust manifolds. Awarded
Top Flight in 2008. Cond: 1-. NOT SOLD AT
$101,000. This was an excellent presentation
of a C2 big-block, and there was nothing to really
pick on as seen in the low light of the main
display area. That being said, this was a very
nice Corvette with plenty of documentation,
and it most likely deserved more.
#F67-1967 CHEVROLET CORVETTE
convertible. S/N 194677S116957. Red/white
vinyl/black vinyl. Odo: 93,840 miles. 327-ci
350-hp V8, 4-bbl, 4-sp. Claimed to be a numbers-matching
L79. Passenger's door low to
fender, headlamp buckets squared off rather
than slightly rounded. Typically inconsistent
Corvette body, nice paint with some abrasions
and masking issues. Chrome and trim
finish, polishing marks show as well. Chrome
looks nice but does show some light scratches
and some pitting. Engine bay neat and tidy but
not to show standards. Fitted with knockoffs
and sidepipes. Cond: 2-. SOLD AT $59,890.
This L79 Corvette came complete with the
original engine and original window sticker.
The nicely done restoration had aged a bit.
Based on a few other lots at this sale that made
the same money but were in lesser condition,
I'd call this very well bought.
C3
#T179-1969 CHEVROLET CORVETTE
coupe. S/N 194379S719622. Blue/blue vinyl.
Odo: 23,633 miles. 350-ci 300-hp V8, 4-bbl,
auto. Reported to have had only two owners from
new. Driver's door nearly pinched at rear edge,
passenger's door very tight as well. Other gaps
are good. Paint somewhat lifeless and showing
some masking issues over typical Corvette
body. All chrome and trim to driver quality and
may be original and unrestored. Weathered engine
bay with paint flaking (or blasted) off the
interior with only minor needs noted. Reported
to be one of only two Berger modified cars,
which bumped the horsepower from about 400
to 450. Cond: 3+. NOT SOLD AT $105,000.
This was most likely not a numbers-matching
car, since nothing about that was mentioned on
the car card. This is about two times the money
for a run-of-the-mill big-block 1969 Corvette
convertible, if there is such a thing. Too bad
it's fitted with the slushbox, as it would be more
fun with a 4-speed. A strong bid in the current
market, and only time will tell if the seller was
right to hang on to it.
#S101-1969 CHEVROLET CORVETTE
convertible. S/N 194679S7252265. Black/
black vinyl/black leather. Odo: 23,061 miles.
427-ci 435-hp V8, 3x2-bbl, auto. Non-original
engine fitted. Restoration competed in January
'09. Gaps good but seem wide around both
doors, typical Corvette body, paint shows some
rub marks and polishing swirls. Chrome and
trim with dimples, polishing marks, and other
minor blemishes. New seats installed, driver's
show some light pitting, scratches, and dents.
Interior shows wear and aging throughout, new
seats have been installed. Engine bay needs
additional detailing but is complete. Cond: 3-.
NOT SOLD AT $57,000. I really adore L79
327s. They are mild mannered enough for
around-town driving, they usually run fairly
cool, and they're fun to drive in the twisties,
with plenty of power on tap. This was a good
overall example, and although this price was
about market correct for condition, the owner
obviously felt otherwise.
60 Corvette Market WINTER 2009 www.vettemarket.com
block and plenty of rust on steel parts. Interior
crisp and in very nice condition. Cond: 3. NOT
SOLD AT $19,000. Too bad the rest of this car
wasn't as nice as the interior. Last seen here
at this same auction in January '08, where it
changed hands for $29,925 (CM# 48878).
Today that number fell to $19,000, which
was not enough to get the deal done. A little

Page 60
Market
Report
Mecum Auctions
Kissimmee, FL
seat looks to be skewed. Carpet and door panels
appear new. Documented with tank sticker.
Cond: 2-. NOT SOLD AT $70,000. The smog
equipment was still installed on the non original
engine, as the builder tried to keep the car
as authentic as possible during restoration.
These are the big kahunas of Corvettes for the
year, so a triple black 435-hp convertible is not
too shabby. The consignor called the automatic
“rare,” so I give him kudos for attempting to
put a positive spin on it. This was all the money
for this car at this time, and it should have been
enough to get the deal done.
CORVETTE COPO L88 convertible.
S/N 194679S721688. Yellow
& black/black vinyl. Odo: 126 miles. 427-ci
430-hp V8, 4-bbl, 4-sp. Genuine documented
COPO L88. Passenger's door gaps wide, door
sits out at bottom. Paint shows plenty of road
rash, touch-ups, and other high-speed anomalies.
Some stress cracks noted, but not bad considering
a history of racing. Interior aged, engine bay
TOP 10
#2
#S142-1969
CHEVROLET
work completed just prior to this sale. Last
seen at RM's Dallas sale in April '08, where
it sold at $67,100 (CM# 116504). Here, the
number remained largely unchanged, and the
owner stayed with his car for the balance of
the sale to try and find a suitable buyer. The
bid was fair—perhaps even strong considering
the car's condition, and it should have been
enough.
#S128-1971 CHEVROLET CORVETTE
convertible. S/N 194671S1114999. Silver/
black vinyl. Odo: 21,994 miles. 454-ci 425-hp
V8, 4-bbl, auto. A genuine LS6 export 'Vette
with original miles. All gaps per factory, original
paint shows plenty of chips, blemishes,
and lots of poorly touched-up areas. Engine
compartment looks original other than a few
minor updates. Interior in very good shape and
completely original, with some aging visible
throughout. Some materials faded and lightly
prepared for racing, so don't expect a factory
look. Roll cage installed. One of one built, tank
sticker confirms central office order. Cond: 3-.
SOLD AT $323,300. Numerous vintage racing
certificates and log books came with this former
national Corvette museum display car. There was
no mention of the engine being original, so one
can assume that it was lost in the line of duty long
ago. This race-ready Corvette just oozed cool,
and the race history was full and documented. It
was fully sorted and ready to roll, complete with
road rash, so the buyer can enjoy a few more
vintage events with no worries. The market has
spoken at $323,300.
#F159-1969 CHEVROLET CORVETTE
coupe. S/N 194379S715425. Orange/black
vinyl. Odo: 58,548 miles. 427-ci 435-hp V8,
3x2-bbl, 4-sp. No mention of original engine.
Passenger's door in at quarter panel, T-top gap
slightly off at rear, headlamp bucket sits a tad
high on passenger's side. Typically inconsistent
Corvette body, very nice paint does show
some small touch-ups here and there. Engine
bay comes across as very authentic and not
over the top. Interior mostly clean but shows
some age and use. Cond: 2. NOT SOLD AT
$70,000. This looked to have had a lot of detail
62 Corvette Market WINTER 2009 www.vettemarket.com
Mille Miglia Red/black vinyl. Odo: 69,769
miles. 454-ci 365-hp V8, 4-bbl, auto. Numbers
claimed to match. Driver's door out at bottom,
other gaps very nice. Slightly better than usual
Corvette body, very nice paint only showing
polishing swirls and some micro-blistering on
cowl. Decent driver-grade interior looks good,
engine bay appears unrestored and correct but
for some rattle-can handiwork. Door panel on
driver's side coming loose. Cond: 3-. SOLD
AT $20,140. Last seen at Worldwide's Hilton
Head sale in November '08, where it failed to
sell at $35,000 (CM# 118637). It was last reported
to have the original paint and interior,
and if that was the case, it would have been
smart to mention it on the car card, as it may
have brought a better result. Only two miles
had been covered since the last sale, and one
has to wonder why... let's hope the previous
owner didn't discover something egregious.
For a red LS5 454 a/c car, I'd call this very
well bought.
#S1-1973 CHEVROLET CORVETTE
coupe. S/N 1Z37Z3S421684. Orange/tan
vinyl. Odo: 41,973 miles. 454-ci 275-hp
V8, 4-bbl, auto. Numbers claimed to match.
Passenger's door wide at fender, other gaps per
factory. Good paint in nice condition but just
to driver quality, with some small touch-ups
noted. Decent interior showing age and use and
just may be commensurate with miles noted.
deteriorated. No need to get up close to see
the flaws, you can stand back and take them
all in. Cond: 4. NOT SOLD AT $142,500.
This LS6 was thought to have once been owned
by the king of Sweden, if that sort of thing
floats your boat. It was also used as a model
for the Franklin Mint. Totally unrestored and
unmolested, and a great benchmark example
for future restoration candidates. Plenty of
documentation comes with the car in a threeinch
thick binder. Unrestored original cars are
in a league of their own, so you can toss out
the price guides. This was very good money for
condition noted, but obviously not enough for
the consignor.
Best Buy #F23-1971 CHEVROLET
CORVETTE coupe. S/N 194371S106227.
Engine bay complete and original in appearance,
but some chrome is flaking off in areas.
Fitted with factory a/c. Cond: 3-. SOLD AT
$19,610. 1973s are like pistachio ice cream:
It's still ice cream, but only a few people really
like it. For many Corvette enthusiasts,
interest cuts off with the removal of the chrome

Page 61
front bumper in 1972, so who knows where
that leaves the '73s, which are half steel and
half plastic. That said, this was a good quality
coupe with the bulky LS4 454 to power you
down the road. At least it has a/c to keep your
feet cool. This was correct money for this car
and both parties should be happy.
#F63-1976 CHEVROLET CORVETTE
coupe. S/N 1Z37L6S420228. Red/black
leather. Odo: 80,046 miles. 350-ci V8, 4-bbl,
auto. Non-original engine. Passenger's door
tight at rear quarter, other gaps good. Paint
showing minor chips and some light scratches,
minor overspray noted. Interior well preserved
but not super fresh, engine bay looks decent
but is not detailed or all that clean. A driverclass
Corvette. Presented as an L82 on the car
card, engine built to 400-hp specs. Cond: 3.
SOLD AT $12,190. Reported as an original
L82 example, but the VIN tells us otherwise, as
the fifth letter should be an “X.” Obviously, the
bidders figured this out before the car hit the
block. From an originality standpoint, this was
one to stay away from. Let's hope all turns out
well for the new owner.
C4
#S166-1986 CHEVROLET CORVETTE
Indy Pace Car convertible.
1G1YY6783G5900200. Maroon/tan
S/N
vinyl/
saddle leather. Odo: 4,699 miles. 350-ci 235-hp
fuel-injected V8, auto. Claimed original miles.
All gaps per factory fit. Factory paint excellent
with no specific or nagging issues noted. Top
fit very snug, interior excellent and still smells
new. One of 7,315 convertibles built in 1986,
marking the return of the convertible since
its hiatus in 1975. Pace Car decals still in the
original box. Multiple NCRS awards including
Top Flight. Cond: 2+. SOLD AT $21,200. This
was a great example of how to preserve a C4.
Keep up on the routine maintenance, keep it
clean and very dry, and drive it enough to keep
the seals and hoses from drying out. 1986 was
the second opportunity for Corvette to provide
the Official Pace Car for the Indianapolis 500,
where the car was driven by Chuck Yeager.
Chevrolet did not make any modifications to the
car for this task, so all convertibles are Pace
Car replicas. Based on condition and miles
noted, I have to call this very well bought. ■
www.vettemarket.com WINTER 2009 Corvette Market 63

Page 62
Market
Report
C
Global Roundup
Corvettes across the block
65 Corvettes From
Around the World
orvette Market's Auction Analysts closely watched the market over the last few
months, covering Corvettes as they sold at auction in locations spanning from foggy
London to the sun-drenched Arizona desert. The 65 cars included in their coverage,
along with the values placed on these cars by bidders, are what sets CM apart as a
magazine. You simply won't find this kind of in-depth coverage in any magazine, anwhere.
We hope the information provided by these reports helps to make you a more informed
collector.
Auctions Covered This Issue:
Bonhams & Butterfields, Brookline, MA, 10/4/08—Don Schoeny
Kruse International, Hershey, PA, 10/8/08—Chip Lamb
Barrett-Jackson, Las Vegas, NV, 10/16/08—Dan Grunwald
Silver Auctions, Las Vegas, NV, 10/17/08—Lance Raber
RM Auctions, Toronto, CAN, 10/24/08—Norm Mort
Bonhams & Butterfields, Los Angeles, CA, 10/25/08—Ed Milich
RM Auctions, London, UK, 10/29/08—Paul Hardiman
The Worldwide Group, Hilton Head, SC, 11/1/08—Chip Lamb
Zephyrhills, Zephyrhills, FL, 11/13/08—Dale Novak
Leake Auctions, Dallas, TX, 11/21/08—Phil Skinner
McCormick, Palm Springs, CA, 11/21/08—Carl Bomstead
Bonhams, London, UK, 12/1/08—Paul Hardiman
Auctions America, Raleigh, NC, 12/5/08—Chip Lamb
Mecum Auctions, Kansas City, MO, 12/5/08—B. Mitchell Carlson
ICA, Gilbert, AZ, 1/10/09—B. Mitchell Carlson
Silver Auctions, Fort McDowell, AZ, 1/16/09—B. Mitchell Carlson
RM Auctions, Phoenix, AZ, 1/16/09—Carl Bomstead
Gooding & Company, Scottsdale, AZ, 1/17/09—Donald Osborne
Market opinions in italics
C1
#830-1954 CHEVROLET CORVETTE
roadster. S/N E54S003925. Black/tan cloth/
red vinyl. Odo: 7,872 miles. 235-ci 155-hp
straight 6, 3x1-bbl, auto. Fresh body-off restoration
with new high-level paint, interior,
and chrome. Panel gaps typically varied, with
#506-1956 CHEVROLET CORVETTE
convertible. S/N E56S004091. Venetian Red
& white/white vinyl/red vinyl. Odo: 50,827
miles. 350-ci 370-hp V8, 4-bbl, 4-sp. Decent
workmanship, several shortcuts on panel alignment,
chassis and underside given minimum
of detailing. Engine clean but not antiseptic,
especially in the recesses, interior looks stock
a full going over—especially the fuel system,
which presented a stale odor on start-up.
Kruse/Leake, Dallas, TX, 11/08.
#261-1957 CHEVROLET CORVETTE
convertible. S/N E57S105087. Venetian Red
& white/tan vinyl/red vinyl. Odo: 8,066 miles.
283-ci 270-hp V8, 2x4-bbl, 4-sp. Fresh restoration
still degassing, slight defects under paint
and evidence of body repairs in left front corner
of hood. Reproduction top missing instruction
tag and still wrinkled. Chrome and brightwork
likely
all new reproduction or thoroughly
restored. Interior likewise fresh aside from
slightly ratty shifter surround plate. Engine
compartment fully restored including claimed
original 2x4-bbl setup. Cond: 2. SOLD AT
$84,240. It never fails to flabbergast me that
someone will spend packing boxes full of
money on component restorations without
spending more time on paint and bodywork. In
a brilliant color such as Venetian Red, any issues
scream at passers-by. This car had a great
look, but the up-close needs noted made it well
sold at this price. Kruse, Hershey, PA, 10/08.
#SP145-1957 CHEVROLET CORVETTE
convertible. S/N E57S105359. Cascade
Green & white/white vinyl/beige vinyl. Odo:
3,503 miles. 283-ci 245-hp V8, 2x4-bbl, 3sp.
Recently completed three-year body-off
restoration by a member of the NCRS. Well
done paint, new Shoreline Beige Al Knoch
interior and top. Seats badly wrinkled and need
more padding to fix. All new chrome, detailed
driver's door a bit wide in front and top cover
gap wide on right side. Cond: 1. SOLD AT
$91,300. This was one of the most complete
and nicest restored early 'Vettes around. The
hammer price was strong, but that shouldn't
surprise. Barrett-Jackson, Las Vegas, NV,
10/08.
64 Corvette Market WINTER 2009 www.vettemarket.com
but needs detailing. Cond: 3+. SOLD AT
$69,660. The seller was a little confused over
whether this was a 355 or a 350, and he was
not sure of the origins of the transmission,
which looked like an M20 to me. The car was
reported to be a turn-key driver, but before
going too far from home I would recommend
engine and chassis. Wide whitewall tires
and matching painted steel wheels with full
discs. A beautiful example, driven just 3,500
miles since restoration. Cond: 1-. SOLD AT
$64,020. Little to criticize here. This was a
nice solid-axle 'Vette at a great price, and the
owner can just show and enjoy. Well bought

Page 64
Market
Report
vinyl/red
Global Roundup
Corvettes across the block
below average market value. RM Auctions,
Toronto, CAN, 10/08.
#518.1-1958 CHEVROLET CORVETTE
convertible. S/N J58S106950. Red & white/
white
vinyl. Odo: 75,324 miles.
350-ci V8, 4-bbl, 3-sp. New non-original color
done to a high standard. Bumper chrome,
some trim, and grille shows scratches, pits,
and wear. Newer engine with headers and 3speed
manual. All-black engine compartment,
heater delete. Cond: 3+. SOLD AT $55,000.
Originally exported to Hawaii, and has been
there since, which kind of makes the Coral
color and heater delete seem appropriate.
Market price for condition. Barrett-Jackson,
Las Vegas, NV, 10/08.
#2539-1960 CHEVROLET CORVETTE
convertible. S/N 00867S103814. Ermine
White/white
fabric/turquoise
14,581 miles.
283-ci 245-hp V8, 2x4-bbl,
4-sp. Hydraulic valve engine makes for quiet
operation while still having plenty of power.
Top weak and needs some attention, bodywork
good, paint starting to show some aging.
vinyl. Odo:
and mileage, engine clean with no leaks or
streaks. A solid original car. Cond: 3. SOLD AT
$48,038. The price paid was about right for a
base-level 1960 Corvette. The key here is how
original is original, and checking the numbers
will tell for sure. If it all checks out, the buyer
found a nice surviving example and made a
solid investment. McCormick Auctions, Palm
Springs, CA, 11/08.
#121-1960 CHEVROLET CORVETTE
convertible. S/N 00867S106088. Blue &
white/white vinyl/blue vinyl. Odo: 4,948 miles.
283-ci 230-hp V8, 4-bbl, 3-sp. Claimed to be
numbers-matching. All body gaps good except
passenger's door, which is tight at rear top. Nice
paint over very good prep, some small touchups
noted. Chrome and brightwork show well,
but are just above driver level. Interior shows
well, but again, not to show standards. Tidy
the same custom two-tone. Aftermarket shift
linkage. Cond: 3+. SOLD AT $47,123. While
it might not be everyone's cup of tea, this was
well put together and not too radical. If a custom
C1 tickles your fancy, this was a good buy.
Bought well might not be the best way to say it,
but for someone who is tempted to do the restomod
thing, this would be a good alternative.
Mecum, Kansas City, MO, 12/08.
#1-1961 CHEVROLET
CORVETTE
convertible. S/N 10867S105619. Eng. #
1105619. Roman Red & white/white vinyl/
black vinyl. Odo: 1,362 miles. 283-ci 230-hp
V8, 4-bbl, auto. Quite variable panel fit, good
paint shows light polish scratches. Chrome
Chrome clear, minor wiper marks on windshield.
Unknown condition of factory radio
and gauges, but they're all properly mounted
and under the hood looks to be in order. Cond:
3. SOLD AT $54,000. There were not many
straight-axle Corvettes at this sale, but interest
in them is still pretty strong. This price
was right about spot-on in the current market,
which appeared to be stronger in Texas than in
other parts of the country. For the time being,
location seems to be the key. Kruse/Leake,
Dallas, TX, 11/08.
#489-1960 CHEVROLET CORVETTE
convertible. S/N 00867S104328. Ermine
White/red vinyl. Odo: 57,545 miles. 283-ci 230hp
V8, 4-bbl, auto. An original Corvette with
base engine and Powerglide automatic. Power
windows an unusual $60 option. Well-preserved
paint with minor spidering, panel fit to factory
specs. Interior shows wear appropriate for age
66 Corvette Market WINTER 2009 www.vettemarket.com
engine bay. A very nice high quality driver that
will win at most local shows. Cond: 2-. NOT
SOLD AT $52,500. I don't think this color is
the most desirable on this year Corvette, but
that's a matter of preference. Overall, this
showed well until you examined it up close, as
you could see some small flaws on what might
very well be an aging restoration. The base 3speed
most likely held it back. Probably just shy
of market correct at the high bid. Zephyrhills
Auction, Zephyrhills, FL, 11/08.
#S147-1960 CHEVROLET CORVETTE
Custom convertible. S/N 00867S104142.
Red & white/black cloth/red & black vinyl.
Odo: 27,608 miles. 350-ci V8, 2x4-bbl, 4-sp.
Somewhat modified, with shaved bumpers and
wheelwells. Generally good body prep and
paint, although hood and trunk gaps are uneven.
All reproduction brightwork, fresh cloth
top wrinkled. Mid-1970s 350 with a host of
aftermarket parts, aftermarket sway bars front
and rear. Custom seat upholstery with C4 logos
embroidered on seatbacks, door panels done in
decent, with some light pitting on door A-pillar
trim. Interior good, with some waviness in
seat piping. Cond: 3-. SOLD AT $57,200. The
uneven presentation of this car indicated either
an indifferent restoration or a nicely used
driver. In either case, a market-correct price
was paid for this no-reserve car. Gooding &
Company, Scottsdale, AZ, 1/09.
#450-1962 CHEVROLET CORVETTE
convertible. S/N 20867S110502. Roman
Red/black
vinyl/black
vinyl.
Odo:
57,401
miles. 327-ci 300-hp V8, 4-bbl, 4-sp. Heavy
red repaint extends into jambs. Factory or better
gaps throughout. Chrome and brightwork
largely redone, some original lightly pitted
pieces remain. Top worn, interior clean, gauges

Page 65
faded. Engine bay clean but not overly detailed,
claimed 700 miles since engine rebuild. Cond:
2-. SOLD AT $52,920. Once the property of
Gladys Knight. A smaller 15-inch steering
wheel was present in the car and was touted as
making it easier to get in and out. Whether this
was one of Ms. Knight's additions due to her,
um, well, attributes, or something else entirely,
the star power got it done for this nice little red
'Vette. Kruse, Hershey, PA, 10/08.
#774.1-1962 CHEVROLET CORVETTE
convertible. S/N 20867S101541. White/white
vinyl/red vinyl. Odo: 54,447 miles. 327-ci
360-hp fuel-injected V8, 4-sp. Front top fender
spear trim pitted, front bumper scratched, some
alloy trim shows light scratches as well. New
interior with none of the usual flaws. Engine
detailed as new. Cond: 1-. SOLD AT $84,700.
Last seen at Barrett-Jackson's Scottsdale event
in January '08, where it sold at $77,000 (CM#
51922). It started up immediately when cold
even with the fuel injection, so the new owner
will likely be able to use it without much difficulty.
Well bought at a market-correct price.
Barrett-Jackson, Las Vegas, NV, 10/08.
#632-1962 CHEVROLET CORVETTE
convertible. S/N 20867S105338. Red/white
vinyl/black vinyl. Odo: 73,197 miles. 327-ci
360-hp fuel-injected V8, 4-sp. Body good,
paint OK, most brightwork nice aside from
rippled rechrome to front bumper. Originallooking
interior with faded carpets, couple of
small dings in dash trim. Motor has a couple
of dress-up items and injector block is plugged
with a nickel, with resulting slight fuel weep.
Said to drive well when warmed up. Cond: 2-.
NOT SOLD AT $37,500. Ex-Rosso Bianco
collection for 30 years, bought for $91,713 at
Bonhams Paris in February '08 (CM# 51845).
The seller claimed it owed him about $80k,
and although another dealer was wavering
at a possible $37,500 deal after the sale, it
remained listed as unsold. $37k doesn't look
much money for a fuelie 'Vette, assuming it
could be bought for close to that, so watch for
it to pop up in the trade shortly. Bonhams,
London, UK, 12/08.
C2
#130-1963 CHEVROLET CORVETTE
Grand Sport roadster. S/N 002. White &
blue/blue vinyl. Odo: 3,684 miles. 427-ci V8,
4-bbl, 4-sp. One of five Grand Sports developed
by Zora Arkus-Duntov, of which only two
were roadsters. Driven by Roger Penske and
George Wintersteen. Original-style all-aluminum
377-ci small-block V8 and reproduction
body included with car. Extensive documentation.
Thought to be the most original of all
five Grand Sports, and considered by many
to be one of the most important sports racing
cars ever. As-raced condition. Cond: 3. NOT
SOLD AT $4,900,000. The star of the show,
and likely a once-in-a-lifetime opportunity for
the most serious of Corvette collectors. Five
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Market
Report
Global Roundup
Corvettes across the block
#Sat 312-1964 CHEVROLET CORVETTE
mil is a big number to say no to, but rumors
abounded that the consignor had paid more for
it. I do know that after this car failed to sell, the
auction went flat. It's safe to say the interested
parties were all watching, so I'd call this a
market bid. See profile, p. 26. RM Auctions,
Phoenix, AZ, 1/09.
#165-1963 CHEVROLET CORVETTE
coupe. S/N 30837S104707. Sebring Silver/
black vinyl. Odo: 28,524 miles. 327-ci 340-hp
V8, 4-bbl, 4-sp. Comprehensive restoration
to high standard recently completed. Panel fit
exceeds factory specs, quality respray, new
board. Needed a jump and a pump to get going
and had to be pushed on and off the block.
Cond: 4+. SOLD AT $36,720. While it seemed
to have a correct powertrain and a generally
unmessed-with body, bidding past $30k doesn't
make much sense unless you are well-versed
in '64s and have a good line on parts. Even at
that, there's not much room for profit to turn
this one around, as it was nearly market correctly
priced even if it was running and wasn't
missing parts. The bank got one better than
a government bailout on this one. Well sold.
ICA, Gilbert, AZ, 1/09.
interior kit with minor fit issues. Original spinner
hubcaps fitted. Strong presentation of a
desirable Split-Window. Cond: 1-. SOLD AT
$60,900. Would place this in the well bought
column as it could have easily brought another
$10k without raising an eyebrow. Kudos to the
buyer. McCormick Auctions, Palm Springs,
CA, 11/08.
#205-1964 CHEVROLET CORVETTE
convertible. S/N 40867S119729. Gold/tan
cloth/saddle leather. Odo: 57,084 miles. 327-ci
300-hp V8, 4-bbl, 4-sp. Sharp body after older
restoration, headlight pods even fit well. Said
#590-1964 CHEVROLET CORVETTE
convertible. S/N 40867S116986. Silver Blue/
white vinyl/dark blue vinyl. Odo: 51,380 miles.
327-ci V8, 4-bbl, 4-sp. Old repaint with some
gouging where top lands at doors and rear
quarters, some light blistering on passenger's
side of cowl, later hood fitted. Front wheelwell
openings somewhat crudely reinforced, rear
wheelwell inner lips sharply radiused, some
patch work in right rear wheelwell. Dinged and
dull original front bumpers, incongruent door
and panel gaps, older replacement top said to
need some repair. Older repop seat and door
coupe. S/N 40837S111558. Red/black vinyl.
Odo: 31,938 miles. 327-ci 365-hp V8, 4-bbl, 4sp.
Bank repossession consignment. Complete
color change from original Saddle Tan, serial
number tag crudely pop-riveted back in place.
OK repaint with a few light blemishes, heavy
paint scratches over left rear wheel. Generally
good door and panel fit, mostly reproduction
brightwork, replated bumpers. Newer all-reproduction
interior soft trim and redyed dash-
made $7k on the car (factoring in the cost of
the detailing work). This 24-hour owner also
tagged the phrase “Survivor Driver” on the
description; it's not the former, but definitely
the latter. Silver Auctions, Fountain Hills, AZ,
1/09.
#466-1965 CHEVROLET CORVETTE
coupe. S/N 194375S112514. Nassau Blue/blue
leather. Odo: 59,932 miles. 327-ci 300-hp V8,
4-bbl, auto. Outstanding restoration from a few
years back, fitted a/c, ps, pb, pw, teak wheel,
tilt column, factory AM/FM radio, clock, tach,
knockoff wheels, Goldline tires, and a numbers-matching
drivetrain. Excellent body condition
with no stress cracking or major paint
maladies, very light dusting of scuffs. Weakest
spot is detailing in engine bay and on chassis.
Cond: 2+. SOLD AT $63,720. This car had
eye appeal, and with all the numbers matching
and working a/c, what more could a new
owner ask for? Two years ago this car might
have commanded a bit more, so you can chalk
this up as a good buy. Kruse/Leake, Dallas,
TX, 11/08.
#77-1965 CHEVROLET CORVETTE
Custom coupe. S/N 194375S117337. Red/
black vinyl. Odo: 51,447 miles. 502-ci V8,
2x4-bbl, 4-sp. “Tastefully modified” from
an original 396 coupe in Ermine White with
saddle vinyl interior. Crate 502 big-block with
dual Holley 650 double-pumpers, MSD ignition,
Richmond 5-speed manual, and original
3.08 Positraction rear end. Flared rear wheelwells,
highly prepped body, smooth paint.
to be matching-numbers. Leather
wearing
well, no slop in steering, carpets becoming
slightly detached at sides. Tidy engine bay with
correct branded hoses. Cond: 2+. SOLD AT
$42,346. Recently imported from California,
and cheaper than similar cars available on
retail in the U.K. around $65k. Well bought.
RM Auctions, London, UK, 10/08.
68 Corvette Market WINTER 2009 www.vettemarket.com
panel vinyl with light wear, carpeting rather
heavily faded. Cond: 3-. SOLD AT $31,860.
This is a classic example of what even basic
prep work will do for you on the auction block.
The original consignor pretty much just drove
the car to the auction, put a lot number on it
(447), and watched it sell for $24,000. The
prudent buyer had it detailed and buffed out the
next morning, got a lot number, and promptly
Replacement trim and chrome, loose door
handles on both sides. Full replacement interior,
with fresh leather seats and new door panels.
Cond: 2-. SOLD AT $52,920. An auction
frequent flyer, as last year it was a no-sale at
ICA's Gilbert auction in January at $42k. This
year, it bucked the overall market downturn,
the specific downturn in resto-mods, and rerun-itis.
Sold well. Silver Auctions, Fountain
Hills, AZ, 1/09.

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Market
Report
Global Roundup
Corvettes across the block
#SP143-1966 CHEVROLET CORVETTE
coupe. S/N 194376S105720. Red/red leather.
427-ci 450-hp V8, 4-bbl, 4-sp. Fitted with side
exhaust, correct wheels, period whitewalls, teak
steering wheel, AM/FM radio, power antenna,
heater, clock, and clean red leather upholstery
with matching carpet. Decent paint with only
minor imperfections. Rechromed bumpers,
other chrome OK aside from scratched trim and
pitted door handles. Red leather seats like new
but slightly underpadded. Clean underhood with
a start on detailing, sprayed black underside. A
great driver with room for improvement. Cond:
2-. SOLD AT $52,923. Reportedly a matching
numbers 427 and 4-speed as noted in the RM
catalog, but none of the usual documentation
was mentioned. Assuming everything is kosher,
this was a very good buy. RM Auctions,
Toronto, CAN, 10/08.
#386-1967 CHEVROLET CORVETTE
convertible. S/N 194677S121115. Marina Blue
& black/blue vinyl. Odo: 3,336 miles. 427-ci
435-hp V8, 3x2-bbl, 4-sp. A quality restoration
that appears a bit overdone. L71 engine option
originally cost $437. Panel fit better than new,
scratches on bumpers and pitted vent windows.
Newer black vinyl interior, mild wear
on black carpets. Clean dash and gauges, underside
and engine clean and have had some
detailing. A clean example. Cond: 2. SOLD
AT $47,800. Last seen at RM's Toronto sale
in April '08, where it failed to sell at $51,000
(CM# 116272). A sharp looking 'Vette to enjoy,
with minor, easy-to-fix problems. The seller did
well, but this was a fair deal for both, as it has
good investment potential in the future. RM
Auctions, Toronto, CAN, 10/08.
#213-1967 CHEVROLET CORVETTE
convertible. S/N 194677S122516. Rally
Red/red hard top/black vinyl. Odo: 93,650
miles. 327-ci 300-hp V8, 4-bbl, 4-sp. Older
economical repaint in the right color crazing
after years of use. Some body stress in front
clip, chassis lacking any attempt at detailing.
Interior all there with AM/FM radio, clock,
stinger stripe not typical of factory production.
Quality respray, excellent brightwork, engine
heavily detailed. No documentation offered.
Cond: 1-. SOLD AT $110,250. Price guides
place 427/435 convertibles at over $150,000, so
you could say this was a bargain. On the other
hand, nothing was offered that documented
this as an original L71. If the numbers come
up matching, this was a great buy. McCormick
Auctions, Palm Springs, CA, 11/08.
#SP93-1967 CHEVROLET CORVETTE
convertible. S/N L000000001. Black/black
cloth/black vinyl. Odo: 64,676 miles. 327-ci
300-hp V8, 4-bbl, auto. Decent paint with
minor imperfections and some sanding marks.
Fitted with side exhaust, Redline tires, and a
new black cloth top. Fresh chrome with minor
70 Corvette Market WINTER 2009 www.vettemarket.com
and tach; gauges a bit cloudy and controls need
attention. Fitted with teak wheel, base Rally
wheels and Redline tires. Decent eye appeal,
a good 50-footer. Cond: 4. SOLD AT $48,600.
The mid-year models are still the hot ticket,
and even in this condition, they can command
a good price. This seller wasn't greedy and the
buyer wasn't dreaming, as about $10k invested
in this car will give it real potential in today's
market. Kruse/Leake, Dallas, TX, 11/08.
194677S112654. Lyndale Blue &
white/white vinyl/white vinyl. Odo: 42,760
miles. 427-ci 435-hp V8, 3x2-bbl, 4-sp. Fresh
TOP 10
#7
#807.1-1967 CHEVROLET
CORVETTE
convertible. S/N
radio. Engine bay detailing nice but older, later
454-ci V8 installed in place of original 427/390
unit. Cond: 2-. SOLD AT $64,260. Last seen
at Mecum's Kissimmee sale in January '08,
where it sold for $63,000 (CM# 49061) and
was listed with a 427/390 powerplant. Despite
now being listed as having a later 454-ci engine,
it still brought decent money for a goodlooking
driver, and it was a good example of
the stability of the Corvette market through
one of the most turbulent economic years in
decades. Well bought and sold, both then and
now. Auctions America, Raleigh, NC, 12/08.
C3
#162-1968 CHEVROLET CORVETTE
convertible. S/N 194678S400032. Black/black
vinyl/red vinyl. Odo: 17,868 miles. 350-ci V8,
4-bbl, 4-sp. Complete frame-off rebuild by a
restoration to high standards, as-new in all respects.
2008 NCRS Top Flight winner. Optioned
with alloy wheels, side exhaust, power brakes,
telescopic steering wheel, power windows,
and tinted glass. Chromed-over front bumper
dent and dirty vent handle knobs are the only
issues noted. Cond: 1. SOLD AT $165,000. In
my opinion, Lyndale Blue was one of the best
colors of 1967, and this car was stunning. This
combination was deserving of the price paid.
Well bought and sold. Barrett-Jackson, Las
Vegas, NV, 10/08.
#374-1967 CHEVROLET CORVETTE
convertible. S/N 194677S120604. Blue &
white/white
vinyl/teal vinyl. Odo: 66,496
miles. 454-ci 365-hp V8, 4-bbl, 4-sp. Recent
cosmetic restoration. Paint and bodywork to a
high standard, gaps factory or better. Stinger
stripe looks wider than typical factory production.
Chrome redone, brightwork mixed, stainless
trim looks overbuffed. Weatherstripping
older and lightly petrified. Interior possibly
all-original and correct, aside from modern

Page 69
knowledgeable
enthusiast.
Excellent
black
paint, new Al Knoch black top, rechromed
original bumpers, fresh red carpets and vinyl
interior. Completely rebuilt and upgraded
suspension, new GM crate 350 with polished
Holley Avenger carb and electronic ignition.
Not original, but a very nicely rebuilt example.
Cond: 2. SOLD AT $23,047. A knowledgeable
owner beside his car who is willing to point out
salient features certainly helps at auction time,
and that was the case here. This car's build
quality also helped, despite the long list of
upgrades. Well bought and sold. RM Auctions,
Toronto, CAN, 10/08.
#224-1968 CHEVROLET CORVETTE
coupe. S/N 194378S421694. Eng. # T05281L.
Green/green vinyl. Odo: 52,106 miles. 427-ci
390-hp V8, 4-bbl, 4-sp. Paint and trim done to
show quality, panel gaps much better than new.
Most soft goods appear to have been replaced,
including seat covers and all weatherstripping.
Had this had an original numbers-matching
427 of any flavor, it would have been a good
buy at twice this price. It didn't appear to be
a bad buy for this money, and it probably still
has some room to grow with just a little TLC.
That said, don't hold your breath waiting for
a miracle... you'll just get blue in the face.
Kruse/Leake, Dallas, TX, 11/08.
#372-1968 CHEVROLET CORVETTE
convertible. S/N 194678S413290. Metallic
red/black vinyl/black vinyl. Odo: 1,691 miles.
350-ci 350-hp V8, 4-bbl, 4-sp. Non-original
engine, modern 17-inch alloy wheels, performance
radial tires. High quality labor intensive
body prep, excellent door and panel fit, impeccably
done paint. Rear bumpers flat and wrinkle-free.
Freshly installed crate motor, dingy
undercoating job on the whole of the undercarriage.
Older reproduction seat upholstery, door
it appears this car was forgotten for quite some
time before being brought to a visually acceptable
condition. Cond: 3. SOLD AT $24,840.
On start-up there was no blue smoke or other
maladies, which probably indicates that this
was a good driver, and for the money, the buyer
should be able to enjoy his ride as a hobbyist
should. If the buyer was a dealer, he may
have to add to the investment before getting
any capital gains, at least for the time being.
Kruse/Leake, Dallas, TX, 11/08.
#F78-1970 CHEVROLET CORVETTE
convertible. S/N 194670S401305. Medium
blue
metallic/tan
vinyl/saddle
vinyl.
Odo:
83,539 miles. 350-ci 300-hp V8, 4-bbl, auto.
Factory options include ps, pb, and tilt/telescopic
column. Heavily prepped body with
no seam broadcasting, fresh repaint is a color
change from original Donnybrooke Green.
Front bumper alignment off, door gaps wider
at the rear than the front. Rear suspension rides
Cond: 2. NOT SOLD AT $65,000. This was
as good a '68 Corvette as you are likely to
find. This was one of those cases where details
mattered to the owner, and he clearly spared
no expense to get it right. He was looking for
around $20k more than was offered here, but
this bid wasn't far from the mark in this market.
Silver Auctions, Las Vegas, NV, 10/08.
#538-1968 CHEVROLET CORVETTE
coupe. S/N 194378S425955. Safari Yellow/
Black vinyl. Odo: 39,161 miles. 427-ci 425-hp
V8, 3x2-bbl, 4-sp. Appeared to have been forgotten
for quite some time before being reborn
with a transplanted big-block engine. Sporting
recent work, including springs, bushings, and
door and T-top seals. Color claimed original to
car, sports factory AM/FM radio, clock, tach,
and updated a/c. Lots of detailing needed, but
no major body woes and interior appears comfortable.
Cond: 3. SOLD AT $21,330. The time
to think about these C3 models is right now.
panels, carpeting, and dashpad show minimal
wear from light use. Cond: 3+. SOLD AT
$28,620. This car is a good example of why
you should never think, “I will never get rid of
this car, I'm going to build it exactly the way I
want it.” To quote the window card: “Insane
amounts of money spent, won many shows.
Never to be for sale, but a family emergency
forced their hand.” There seems to be a lot of
that going around these days. If you are building
a car, always keep in mind that you may
have to sell it one day—maybe even the day
you finish it. This price was likely below what
the seller had in it, but I'd call it correct in this
market. Silver Auctions, Fountain Hills, AZ,
1/09.
#446-1969 CHEVROLET CORVETTE
convertible. S/N 194679S701281. Daytona
Yellow/black fabric/black vinyl. Odo: 83,223
miles. 350-ci 350-hp V8, 4-bbl, 4-sp. Seller
claimed a full restoration was given to this car
a year ago, except for a few items like missing
a/c belt and non-functional radio. Engine
and transmission supposed to be original. New
Rally wheels, ps and pb, driver's door a little
tough to close. From the nooks and crannies,
higher than the front. Motor has older rattle
can repaint and is generally dingy. Mostly new
interior, with reproduction seats and carpeting.
Redyed door panels and dashboard a bit lighter
than seats. Cond: 3-. SOLD AT $18,900. The
buyer must have thought he really picked up a
good deal, as on Saturday morning when I photographed
the car, he placed a sign on it stating
that it was for sale for $22k “today only.” Now
I feel a lot better about not even thinking about
bidding on it Friday night. Mecum, Kansas
City, MO, 12/08.
#U64-1970 CHEVROLET CORVETTE
coupe. S/N 194370S409591. Daytona Yellow/
black vinyl. Odo: 92,384 miles. 350-ci 300-hp
V8, 4-bbl, auto. Factory options include ps,
AM/FM radio, and a/c, although the a/c compressor
is missing. Good quality repaint, most
original body imperfections hidden. Excellent
door and panel gaps, front bumper to body
fit off. Both bumpers replated, most trim is
reproduction. Paint chipped off of cowl trim at
base of windshield. Freshly rebuilt suspension
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Market
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Corvettes across the block
with all-new bushings. Moderate wear to alloriginal
interior, cracked door panel arm rests,
moderate wrinkling on passenger side. Cond:
3-. SOLD AT $11,025. While it was declared
sold on Friday night as lot F129 for $14,438,
it reappeared on the block on Sunday as Lot
U64. Then it was turned loose when the reserve
hit $10k. Based upon the car and current
economic realities, Sunday's sale was a decent
deal. Mecum, Kansas City, MO, 12/08.
#164.1-1972 CHEVROLET CORVETTE
coupe. S/N 1Z37W2S5025560. Maroon/black
leather. Odo: 64,703 miles. 454-ci 270-hp V8,
4-bbl, 4-sp. Good non-stock pearl burgundy
paint, typical headlight door panel cracks on
both sides. Panel gaps typical of factory production.
Side and back windows scratched,
some age cracking to leather seats. Fitted with
by at least a half-inch, which might indicate
body damage. Other gaps seem per factory.
Chrome and stainless trim good overall for a
driver. Luggage rack nice, budget paint showing
plenty of issues with prep and masking,
especially at hood. Cloth interior is custom.
No mention of matching numbers. Cond: 4+.
SOLD AT $8,600. This was claimed to be
equipped with a 5-speed and a rebuilt engine,
but there was no mention if it was the original
block. The cloth interior was not per factory
and looked out of place. Just a tired but slightly
“freshened” Corvette with plenty of needs.
Cheap, but not worth the price paid. Well sold.
Zephyrhills Auction, Zephyrhills, FL, 11/08.
newer cassette stereo and Hooker chrome side
pipes. Miles said to be original. Cond: 2-.
SOLD AT $36,300. An honest car that looked
to have been cared for. There were no major
flaws, and the dead bugs on the windshield suggested
it had been driven here from the seller's
home in New Mexico. Sharks have been on the
rise over the last year, but this price was still
rather strong considering this car's repaint and
aftermarket bits. Well sold. Barrett-Jackson,
Las Vegas, NV, 10/08.
#519.1-1972 CHEVROLET CORVETTE
coupe. S/N 1Z37LZS523297. Steel City Gray/
black leather. Odo: 2,457 miles. 350-ci 255-hp
V8, 4-bbl, 4-sp. Tilt/telescopic wheel, factory
a/c. Good newer paint and chrome, heavy
sanding scratches on back window and side
glass. Detailed engine with air pump, painted
undercarriage. Documented with tank sticker
and copies of title history. Cond: 2. SOLD
AT $67,100. I don't understand power sanding
scratches on the edges of the back window
when the window is removable. This was
strong money for a '72 LT-1, even considering
the original a/c. Well sold. Barrett-Jackson,
Las Vegas, NV, 10/08.
#306-1973 CHEVROLET CORVETTE
coupe. S/N 1Z37J3S429088. Orange/tan cloth.
Odo: 92,659 miles. 350-ci 190-hp V8, 4-bbl,
5-sp. Passenger's door gap very wide at fender
72 Corvette Market WINTER 2009 www.vettemarket.com
suspension bushings, and shocks fitted. Well
preserved original interior with minimal wear.
Cond: 3. SOLD AT $17,588. This was claimed
to be consigned by the third owner, and it
included most paperwork from when it sold
new. A market price for an originally red finalyear
C3 convertible in this condition. Mecum,
Kansas City, MO, 12/08.
#209-1975 CHEVROLET CORVETTE
convertible. S/N 1Z67J5S431641. Light blue
metallic/white vinyl/black vinyl & cloth. Odo:
61,715 miles. 350-ci 205-hp V8, 4-bbl, auto.
Older repaint exhibits light scratching and
surface defects, gaps as good as when new.
Brightwork likely original and in very good
condition, white top wrinkled, interior appears
comprehensively
restored
with
few faults.
Engine bay a mixture of original components
and mostly correct accessories. Cond: 2-.
#S95-1975 CHEVROLET CORVETTE
convertible. S/N 1Z67J55402342. Red/white
vinyl/black vinyl. Odo: 14,318 miles. 350ci
165-hp V8, 4-bbl, auto. Factory options
include ps, pb, alarm, a/c, and AM/FM radio.
Newer mediocre repaint with some haphazard
masking, good panel and door gaps, excellent
original brightwork with only light scuffing.
Door latches sag slightly on both sides. Fresh
replacement soft top is rather heavily wrinkled.
Recently
detailed
engine
compartment
is
generally authentic, new brake components,
SOLD AT $20,960. With factory a/c and in
an attractive color combination for the period,
this last-year Corvette convertible in the C3
build had plenty going for it, at least until you
look between the seats and see the automatic
shifter behind something other than a 454.
Initially unsold across the block, it apparently
found a home post-sale. As a boulevard cruiser
attractive to most, this was not a bad deal, but
there's not much more upside in it. Auctions
America, Raleigh, NC, 12/08.
#S8-1976 CHEVROLET CORVETTE
Custom coupe. S/N 1Z37L6S438055. Yellow/
black vinyl. Odo: 91,607 miles. 350-ci fuelinjected
V8, auto. Originally equipped with
ps, pb, tilt/telescopic column, pw, and a/c.
Aftermarket ground effects kit makes the car
look a lot like 1980–82 models. Nice body
and paint, some overspray on headlight door
vacuum canisters. Original
motor heavily
modified with fuel injection, headers, serpentine
belt, and modern aftermarket a/c compressor.
Reproduction upholstery and carpeting.
Aftermarket DIN-mount stereo in redyed dash,
vacuum plating on a/c outlets mostly worn off.
Cond: 3. SOLD AT $10,500. Last seen here in
December '07, where it sold at $11,813 (CM#
47868). The Sunburst Yellow repaint did quite
a bit to help the car, as it was done pretty well
and didn't make the car look like it was too
heavily modified. A “Corvette Summer” paint
job would have probably hurt the selling price,
as you rarely have two bidders in the same
room who have both money and bad taste. In
this case, both the buyer and seller should be
pleased. Mecum, Kansas City, MO, 12/08.
Silver
#152-1978 CHEVROLET CORVETTE
Anniversary coupe. S/N
1Z8748S411234. Two-tone silver/oyster vinyl.
Odo: 29,875 miles. 350-ci 220-hp V8, 4-bbl,
4-sp. Has been ridden hard and put away wet
a number of times. L82 with no claims of correct
numbers, paint scheme a little off from

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original, interior especially
worn. Overall
unkempt appearance. Cond: 4. SOLD AT
$8,748. The numbers showed this was a real
25th Anniversary car, but there were plenty of
these cars built and many are in much better
condition. For the price paid, the buyer should
be OK, as the car is 30 years old and it does
have the upgraded engine and 4-speed. Also,
the original wheels really didn't look all that
bad from a distance. However, before hitting
the road in this car, the new owner should give
it a complete check-up in a controlled environment.
Kruse/Leake, Dallas, TX, 11/08.
Silver
#U19-1978 CHEVROLET CORVETTE
Anniversary coupe. S/N
1Z8748S420914. Two-tone silver/tinted panels/
oyster leather. Odo: 70,778 miles. 350-ci 220hp
V8, 4-bbl, auto. Factory optional a/c, ps, pb,
pw, and tilt/telescopic column. “Total frame-on
restoration,” with over $25k claimed in receipts.
preservation piece exhibits light fading, chips,
and buff-through to original paint. T-tops fit
poorly. Rubber, trim and brightwork extremely
supple. Small star in original windshield at center.
Original interior well preserved, light fade
to original rear carpet to be expected. Engine
compartment clean and undetailed, factory a/c
completely original and intact. Cond: 2. SOLD
AT $14,580. I liked this car for its originality
as well as for being the most launchable car
of its malaise-ridden model year. The unusual
color scheme combined with these factors and
matching numbers made it a bulletproof buy at
this price. Well bought for the future. Kruse,
Hershey, PA, 10/08.
#354-1981 CHEVROLET CORVETTE
coupe. S/N 1G1AY8768B5107365. Silver &
blue/mirrored glass/blue leather. Odo: 26,030
miles. 350-ci 190-hp V8, 4-bbl, auto. Body
gaps per factory. Good paint, nose faded and
showing stone chips, front air dam cracked.
Mirrored T-tops, wheels and tires in good shape.
Interior in driver condition overall with no
glaring issues but shows a reasonable amount
fixed. Recently resquirted front fascia slightly
off hue with rest of older repaint. Typical C3
door to front clip gaps. Stock a/c system replumbed
with R134a. Seat and steering wheel
rim wear commensurate with miles. Cond:
3-. SOLD AT $8,500. On Friday night, as lot
F88, this was a no-sale bid to $9,500, proving
what generally occurs with re-runs: they
almost always get bid for less. In this case, the
dealer knew it, and all things considered, he
cut it loose at the right time. Mecum, Kansas
City, MO, 12/08.
C4
#332-1984 CHEVROLET CORVETTE
coupe. S/N 1G1AY0784E5120542. Red/gray
cloth. Odo: 7,033 miles. 350-ci 205-hp fuelinjected
V8, auto. All body gaps per factory.
Matte black trim around windshield in very
good condition. Original paint in great shape
but does show some light scratches and an
unusual blemish in the hood paint that might
be from excessive heat. Interior showing use
in line with miles stated, but it could be better.
Equipped with special sport seat option.
“$7K in paint,” which is pretty much just getting
by today. Some chrome engine dress-up parts,
engine and chassis generally dingy. Serviceable
original interior soft trim with moderate wear
and soiling. Cond: 4+. SOLD AT $10,500. The
reserve was met at $10k, proving once again
that you're better off buying someone else's
restoration. That is, unless it wasn't done very
well. Mecum, Kansas City, MO, 12/08.
#740-1979 CHEVROLET CORVETTE
coupe. S/N 1Z87495431991. Beige/blue glass/
beige leather. Odo: 39,729 miles. 350-ci 225hp
V8, 4-bbl, 4-sp. Apparently all-original L82
of use. Presents as a good weekend cruiser
in driver condition. Nothing more. Cond: 3.
SOLD AT $12,402. A nice unmolested driver
quality C3 without much to complain about.
Not spectacular in any regard, but not beat to
death, either. There was no mention of whether
the miles were actual, so I'd assume 126,030. A
fair deal for both buyer and seller. Zephyrhills
Auction, Zephyrhills, FL, 11/08.
#U12.1-1982 CHEVROLET CORVETTE
coupe. S/N 1G1AY8780C5109078. Silver
Blue/blue leather. Odo: 81,478 miles. 350-ci
200-hp fuel-injected V8, auto. Factory options
include power seats, tilt/telescopic column,
power locks, cruise control, rear defrost, and
alloy wheels. Factory painted T-tops stashed in
the back, aftermarket 1-pc tinted roof panel af
Overall in nice condition, but you'd expect
better with one owner and low miles. Cond: 2.
SOLD AT $10,706. Offered at no reserve. This
was an excellent buy for a great driving and
well preserved C4 even though the cloth seats
looked out of place. However, they are correct
and somewhat rare. Had it been equipped
with leather seats, I think we would have seen
another $1,000 or so. How can you go wrong
with a practically new first-year C4 for the
price paid? Well bought, now go have some
fun with it. Zephyrhills Auction, Zephyrhills,
FL, 11/08.
Best Buy #Sun
145-1984
CHEVROLET
CORVETTE coupe. S/N 1G1AY0785E5132439.
Brown metallic/black cloth. Odo: 140,530
miles. 350-ci 205-hp fuel-injected V8, auto.
Issued an Arizona Not Actual Mileage title.
Average quickie full-body repaint with thick
masking lines, replacement C4 body emblems.
Cracked windshield along the driver's side Apillar,
moderately sunburned weatherstripping.
Aftermarket tail lamp louvers only on the
outboard lenses. Engine bay rather dusty and
dingy but is generally bone-stock. Both seats
and replacement carpet well fitted. Original
vinyl door panels firmly mounted and are quite
serviceable. Cond: 4. SOLD AT $2,592. This
was one of the most talked-about cars of the
www.vettemarket.com WINTER 2009 Corvette Market 73

Page 72
Market
Report
Global Roundup
Corvettes across the block
show driving dirt. Minor paint chips on front
end, other paint still nice. Driver's seat bolster
wrinkled in the usual spot. Cond: 2. SOLD AT
$26,950. This was said to have original miles,
so if it runs out OK, it was a pretty decent deal
for the money spent. Well bought at around the
same price of a similar but much more common
'90 ZR-1. Barrett-Jackson, Las Vegas,
NV, 10/08.
weekend, due entirely to the selling price. The
auctioneers were nearly begging to get the bid
started at $700. Thing is, this wasn't a really
bad car (although some would say that being
an '84 in itself makes it a bad car). Granted,
you have about $1,500 worth of work to do
right now to keep it legal (tires and windshield),
but even at that, is a #4 condition C4 in brown
metallic only worth $3k in 2009? Bought well,
if only to drive it until it drops. ICA, Gilbert,
AZ, 1/09.
#Sun 1215-1987 CHEVROLET CORVETTE
coupe. S/N 1G1YY218XH5110346. Black/
black leather. Odo: 84,799 miles. 350-ci 240hp
fuel-injected V8, 4+3 manual. Factory
options include power sport seats, power
locks, climate
pension package, and cruise control. Newer
good quality
repaint
control, Delco-Bilstein
with poor top
panel
masking along the edge. Door to window
sus-
rubber wipe seal heavily peeled, door glass
seals sunburned. Used car lot engine detailing,
new battery and starter. Door panel carpet and
console upholstery vinyl curling. Original shift
knob selector button missing, but is replaced
by toggle switch behind shift linkage. Cond:
3-. SOLD AT $6,588. Picked up on-the-cheap
from a dealer auction in California (probably
due to having a California Not Actual Mileage
title since 1995), so the consigning dealer easily
cut it loose on Sunday as lot Sun 12:15, having
not taken a $6,250 final bid on Saturday.
Not a smokin' hot deal, but for a decent driver,
it should prove to be a good worker bee car.
ICA, Gilbert, AZ, 1/09.
#146-1989 CHEVROLET CORVETTE
Callaway coupe. S/N 1G1YY2185K5115672.
Red/red leather. Odo: 30,400 miles. 350-ci turbocharged
V8, auto. Callaway Twin Turbo with
Callaway Aero body parts. Several light stone
chips on windshield, engine and undercarriage
but shows use and soiling commensurate with
mileage. A nicely preserved Corvette, but not
a show piece either. Cond: 3+. SOLD AT
$15,052. There was nothing to really pick on
with this example, but there was no real reason
to fall in love with it either. Equipped with
the rare white sport seats, which were only
installed in 709 examples in 1992. As a driver
and nicely kept Corvette, this was a decent
buy. No harm done here. Zephyrhills Auction,
Zephyrhills, FL, 11/08.
#606-1992 CHEVROLET CORVETTE
coupe. S/N 1G1YY23PN5119929. White/red
leather. Odo: 59,002 km. 350-ci 300-hp fuelinjected
V8, auto. Mostly original and very
decent white paint, prep craters visible on resprayed
targa top. Minor wear inside includes
cracking on red leather seats and wear to red
#374-1992 CHEVROLET CORVETTE
convertible. S/N 1G1YY33P8N5119438.
Aqua/white vinyl/white leather. Odo: 28,050
miles. 350-ci 300-hp fuel-injected V8, auto.
Body gaps per factory. Original paint holding
up well with some light scratches and some
very small stone chips. Front bumper repainted
at some time. Interior in very good condition
original, one minor bit of wiper mark noted
on windshield. Cond: 3. SOLD AT $8,424.
Typically for a later-model Corvette collectible,
with nearly 6,750 produced, many of them
were put away with the hopes of appreciating in
value. While cost of storage and other factors
added don't make for a hot 15-year-old car, the
original owners of this example got to enjoy
the ride, kept it well maintained, and sold it for
about book. Kruse/Leake, Dallas, TX, 11/08.
#S25-1996 CHEVROLET CORVETTE
Collector
Edition coupe. S/N
1G1YY2258T5111184. Sebring Silver/tinted
panel/red leather. Odo: 59,196 miles. 350-ci
330-hp fuel-injected V8, 6-sp. Equipped with
LT4 motor. A well preserved, lightly used
original car. Excellent original paint with a few
light rock chips on nose and trailing edges of
wheelwells. Recently washed engine bay, but
not detailed. Chrome sill protectors added,
remainder of interior stock. Driver's seat has
significantly more wear than passenger's side.
#178-1993 CHEVROLET CORVETTE
40th Anniversary coupe. S/N
1G1YY23P6P5113019. Ruby Red Metallic/
maroon leather. Odo: 87,878 miles. 5.7-liter
300-hp fuel-injected V8, auto. Well maintained,
pedal and seat wear appear to support
mileage. Clean enough for a driver, interior
could have had a bit more detailing. All glass is
carpeting.
Clean, all original detailing
underhood and on chassis, minor scuffs on
wheels. No serious issues. Cond: 2-. SOLD AT
$7,426. A very original and decently preserved
example sold at the price of a similar old
Miata. A good buy for somebody who always
wanted a 'Vette. The seller knew it was time to
let it go, and neither side was hurt by the price.
RM Auctions, Toronto, CAN, 10/08.
74 Corvette Market WINTER 2009 www.vettemarket.com
Cond: 3. SOLD AT $13,125. The LT4 was a
one-year-wonder, with 30 more ponies than the
garden-variety LT1 that was fitted to not only
the Corvette, but all GM rear-drive cars in 1996
(Caprice, Impala SS, and Buick Roadmaster).
With the C5 and the new LS-series engines
in the works for the next year, it seems a bit
odd that they developed the LT4. Sure, the
Collector Edition is rarely seen (except for lot
F15 on Friday), but it doesn't give that much
of a price kick over a $12k car. The LT4 is
what made it worth this selling price... but just
barely. Mecum, Kansas City, MO, 12/08.

Page 73
C5
#572-1998 CHEVROLET CORVETTE
Indy Pace Car Edition convertible. S/N
1G1YY32G1W5117484. Purple & yellow/black
cloth/black & yellow leather. Odo:
17,901 miles. 5.7-liter 345-hp fuel-injected
LS1 V8, 6-sp. No other options aside from pace
car package. Well preserved, all-original paint
and graphics with no chips, scrapes, or decal
lifting. Stock oval exhaust outlets replaced
by aftermarket round pieces. Light wear and
sale. See profile, p. 32. Gooding & Company,
Scottsdale, AZ, 1/09.
CORVETTE
#Sat 1230-2001 CHEVROLET
coupe.
S/N
1G1YY22G615107312. Dark Bowling Green/
tan leather. Odo: 94,059 miles. 5.7-liter 350hp
fuel-injected LS1 V8, auto. Equipped with
1SC Preferred Equipment Package, 12-disc
CD changer, body side moldings, and chrome
alloy wheels on replacement Goodyear Eagle
F1 tires. Includes most delivery paperwork
from when it was sold new. Mostly original
paint, probable nose respray, door jambs still
#87-2004 CHEVROLET CORVETTE
Commemorative Edition convertible. S/N
1G1YY32G545129635. LeMans Blue/shale
cloth/shale leather. Odo: 30,281 miles. 5.7-liter
350-hp fuel-injected LS1 V8, auto. Memory
Package, auto-dimming mirrors, and performance
rear axle. Mostly good original paint,
resprayed nose and tail. Original Goodyear
radials down to wear bars, light curb rash on
all rims. Good original top with light weathering
and wrinkling, light wrinkling of driver's
wrinkling to top. Well maintained engine bay,
regularly cleaned undercarriage. The driver's
seat has significantly more wrinkling than
expected, but remainder of interior has virtually
no wear. Cond: 2-. SOLD AT $22,950.
I'd say this example fell just below the good
example profiled in the previous issue of CM.
This selling price was a bit on the low side,
but I wouldn't say it was well bought. A good
enough buy if you want one of the few cars
that out of the box is perfect for an over-thetop
Minnesota Vikings fan. Silver Auctions,
Fountain Hills, AZ, 1/09.
#91-1998 CHEVROLET CORVETTE
Callaway
C12 coupe.
S/N
1G1YY22GXW5121169. Red/black & gray
leather. Odo: 4,501 miles. 5.7-liter 440-hp
fuel-injected LS1 V8, 6-sp. Variable, but consistent,
panel fit. Very good paint shows only
very small stone chips on nose. Interior is very
good, with some light soiling on driver's seat
hold some polishing compound residue. Fitted
with aftermarket chrome exhaust filler trim
plate with C5 emblem. Well cared for interior
showing far less wear than would be expected
for the miles. Cond: 3+. SOLD AT $18,360.
Dark Bowling Green Metallic was only offered
in 2000 and 2001, with 2,682 cars all
told painted that hue—443 being '01 coupes.
However, not too many folks are kicking down
the doors to get a dark green Corvette, so the
relative rarity won't affect the value too much,
if at all. Hammered sold right around retail
pricing, so this was dearly enough bought.
ICA, Gilbert, AZ, 1/09
seat leather, light steering wheel rim soiling.
Stock radio replaced with aftermarket CD and
DVD unit, subwoofer fitted into left rear storage
compartment. Cond: 3+. NOT SOLD AT
$25,500. The consigning dealer kept quoting
from a price guide that must have been a year
old, as he suggested that a #1 value car should
bring $38,600, and that's not the current figure.
Nevermind that this was not a #1 condition car.
In an ideal world, this would be close to $30k,
but the market isn't exactly ideal these days.
While this bid was a little weak, by the end of
the weekend the asking price was a more realistic
$29k. Too bad it was a bit too late. Silver
Auctions, Fountain Hills, AZ, 1/09. ■
cushion. Cond: 2+. SOLD AT $57,200. The
first Callaway C12 built—a thoroughly developed
high performance Corvette with a unique
look. Seen before at Gooding's sale of the Otis
Chandler Collection in Oxnard, CA, in October
'06, where it sold at a bargain $121k with only
782 miles on the clock (CM# 43482). Now
with over 4k miles, it was a further bargain
for the new owner. Performance and exclusivity
don't come much cheaper... until the next
www.vettemarket.com WINTER 2009 Corvette Market 75

Page 74
Trick
Stuff
Wha
Something to get you pumped
For the general hobbyist, bu
to go. But for a serious Corvette g
Gold or NCRS judging, Original E
(O.E.M.) parts restored to better-th
only way to go. Since such compo
the right date codes, part number s
details that add to a Corvette's aut
Al Fierke's Chicago Corvett
Corvette parts since Zora was a bo
almost anything at a very reasona
Take this 1963–67 Corvette washe
example. A reproduction pump ru
but Chicago Corvette will comple
yours for $79.95, plus $7.95 for do
shipping. The rebuilding service i
disassembly and cleaning, plus all e
cal components are checked and r
the casting is restored, and the bac
front plates are replated. Your pum
reassembled and tested with all-ne
able components, including correc
nozzles. Chicago Corvette Supply
Archer Rd., Justice, IL 60458;
800. 872.2446.
Mother says you need your fiber
New from Moroso are these tall-design, cast-aluminum valve covers for Chevrolet
small-block engines featuring a carbon fiber pattern. Applied using water transfer
technology, the fiber design is a big hit with resto-mod 'Vette builders. The covers
clear most stud girdles and rocker combinations. Each set includes one baffled and
one non-baffled PVC grommet. The covers are sold in pairs and include all mounting
hardware. Model 68408 Red/Black is shown. Also available are 68406 Gray/Black and
68407 Blue/Black. Matching fiber-design valve cover breathers and racing-style air
cleaners are also available. $181.95. Moroso Competition Engineering, 80 Carter Dr.,
Guilford, CT 06437; 203.453.6571; www.moroso.com.
Track tracking tracker
If you rally or race a Corvette, keeping track of your performance
(and the car's) is vital if you're ever going to improve your times. The
Racepak G2X GPS-based data acquisition system tracks lap times
and numbers. You can record and review segment times, lateral G
forces, speed, rpm, and acceleration Gs. The monitor provides a
track mapping function and requires no beacon transmitters. It will
accept up to twelve additional plug-n-play sensors from Racepak,
as your racing experience progresses. Information about braking,
steering, and throttle can also be added through Racepak's V-Net technology.
When you pull in (hopefully as a winner), you simply remove the
compact flash card from the G2X and download the information to
your computer. Racepak's Datalink software is easy to navigate. Once
you have created a track map, you'll have it to use at other events. The
600-KT-G2XRND retails for $699. MSD Ignition, 1490 Henry Brennan
Dr., El Paso, TX 79936; 915.857.5200; www.msdignition.com.
76 Corvette Market WINTER 2009 www.vettemarket.com

Page 75
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Fax: (717) 697-0727

Page 76
By the
Numbers
Top 100 Corvette Sales, November to February
Generation
C1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
C2
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
1 1963 Corvette Z06 Yenko ”Gulf One” Race Car
7 1967 Corvette 427/430 Convertible
9 1963 Corvette 327/360 FI Coupe
10 1967 Corvette LS7 Custom Coupe
11 1967 Corvette 427/390 Convertible
14 1967 Corvette 427/400 Coupe
15 1967 Corvette 427/435 Convertible
16 1966 Corvette 427/390 Convertible
18 1963 Corvette 327/360 FI Coupe
19 1967 Corvette 427/435 Convertible
21 1966 Corvette 427/425 Coupe
23 1967 Corvette 427/390 Coupe
22 1967 Corvette 427/435 Coupe
24 1967 Corvette 427/435 Convertible
25 1967 Corvette 427/400 Convertible
29 1963 Corvette 327/360 FI Coupe
30 1965 Corvette 396/425 Convertible
78 Corvette Market WINTER 2009 www.vettemarket.com
$1,113,000 Mecum, Kissimmee, FL
$176,000 Barrett-Jackson, Scottsdale, AZ
$165,000 Barrett-Jackson, Scottsdale, AZ
$165,000 Barrett-Jackson, Scottsdale, AZ
$154,000 Barrett-Jackson, Scottsdale, AZ
$145,200 Barrett-Jackson, Scottsdale, AZ
$143,000 Barrett-Jackson, Scottsdale, AZ
$139,700 Barrett-Jackson, Scottsdale, AZ
$137,500 Barrett-Jackson, Scottsdale, AZ
$137,500 Gooding, Scottsdale, AZ
$132,500 Mecum, Kissimmee, FL
$132,000 Barrett-Jackson, Scottsdale, AZ
$132,000 Gooding, Scottsdale, AZ
$121,000 Russo and Steele, Scottsdale, AZ
$119,250 Mecum, Kissimmee, FL
$115,500 Barrett-Jackson, Scottsdale, AZ
$114,400 Russo and Steele, Scottsdale, AZ
S110
1247
1260.1
1318
1337
1261.1
1327
1338
1263.1
5
F156
1249.1
57
F533
S153
973.1
S683
1/25/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/17/09
1/25/09
1/19/09
1/17/09
1/18/09
1/25/09
1/19/09
1/18/09
Rank by
Overall
Rank Model
4 1957 Corvette 283/283 FI Convertible
5 1959 Corvette 283/245 Convertible
13 1962 Corvette 327/360 FI Convertible
17 1958 Corvette LS2 Custom Convertible
20 1958 Corvette 283/290 FI Convertible
26 1959 Corvette 283/270 Convertible
34 1957 Corvette 283/250 FI Convertible
35 1961 Corvette 283/270 Convertible
43 1957 Corvette 283/283 FI Convertible
44 1957 Corvette 283/270 Convertible
48 1962 Corvette 330/300 Custom Convertible
50 1957 Corvette 283/283 FI Convertible
56 1962 Corvette 327/360 FI Convertible
61 1958 Corvette 283/245 Convertible
62 1954 Corvette Roadster
63 1960 Corvette 283/270 Convertible
64 1954 Corvette Roadster
65 1961 Corvette 283/270 Convertible
66 1962 Corvette 327/300 Convertible
68 1956 Corvette 265/240 Convertible
71 1954 Corvette Roadster
75 1957 Corvette 283/283 FI Convertible
78 1956 Corvette LS1 Custom Convertible
79 1960 Corvette 283/230 Convertible
81 1957 Corvette FI Convertible
82 1962 Corvette 327/360 FI Convertible
84 1957 Corvette 283/220 Convertible
85 1961 Corvette 283/270 Convertible
95 1962 Corvette 327/300 Convertible
96 1960 Corvette 350/350 Custom Convertible
99 1962 Corvette 327/340 Convertible
100 1956 Corvette 350/370 Convertible
Sold Price Location
$265,000 Mecum, Kissimmee, FL
$220,000 Barrett-Jackson, Scottsdale, AZ
$148,500 Barrett-Jackson, Scottsdale, AZ
$137,500 Barrett-Jackson, Scottsdale, AZ
$134,200 Barrett-Jackson, Scottsdale, AZ
$117,700 Barrett-Jackson, Scottsdale, AZ
$110,000 Barrett-Jackson, Scottsdale, AZ
$110,000 Barrett-Jackson, Scottsdale, AZ
$108,650 Mecum, Kissimmee, FL
$107,800 Barrett-Jackson, Scottsdale, AZ
$104,500 Barrett-Jackson, Scottsdale, AZ
$103,400 Barrett-Jackson, Scottsdale, AZ
$98,450 Russo and Steele, Scottsdale, AZ
$93,500 Barrett-Jackson, Scottsdale, AZ
$92,400 Worldwide, Hilton Head, SC
$90,200 Barrett-Jackson, Scottsdale, AZ
$88,000 Barrett-Jackson, Scottsdale, AZ
$88,000 Barrett-Jackson, Scottsdale, AZ
$88,000 Barrett-Jackson, Scottsdale, AZ
$85,800 Barrett-Jackson, Scottsdale, AZ
$84,800 Mecum, Kissimmee, FL
$82,500 Russo and Steele, Scottsdale, AZ
$81,400 Barrett-Jackson, Scottsdale, AZ
$81,400 Barrett-Jackson, Scottsdale, AZ
$80,300 RM, Ft. Lauderdale, FL
$80,300 Barrett-Jackson, Scottsdale, AZ
$79,560 Bonhams & Butterfields, Los Angeles, CA
$79,500 Mecum, Kissimmee, FL
$72,600 Barrett-Jackson, Scottsdale, AZ
$71,500 Barrett-Jackson, Scottsdale, AZ
$71,020 Mecum, Kissimmee, FL
$69,660 Leake, Dallas, TX
Date
S138
1019
1012
1255.1
1246
1279
1263
1248.1
S98
957.1
1342
1257.1
F540
998
45
980
1349.1
1001.1
989
986
S123
S723
1245.1
1040
SP86
1352.2
331
S121
983
1231.1
S94
506
Lot #
1/25/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/25/09
1/19/09
1/19/09
1/19/09
1/18/09
1/19/09
11/1/08
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/25/09
1/18/09
1/19/09
1/19/09
2/8/09
1/19/09
10/25/08
1/25/09
1/19/09
1/19/09
1/25/09
11/23/08

Page 77
Generation
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
C3
1
2
C4
1
2
3
4
5
6
7
8
9
10
11
12
C5
1
2
3
4
C6
1
2
3
4
28 2006 Corvette Z06 Coupe ”First Built”
49 2008 Corvette Custom Coupe
52 2009 Corvette ZR-1 Coupe
60 2009 Corvette ZR-1 Coupe
$117,700 Barrett-Jackson, Scottsdale, AZ
$104,500 Barrett-Jackson, Scottsdale, AZ
$101,750 Barrett-Jackson, Scottsdale, AZ
$94,600 Barrett-Jackson, Scottsdale, AZ
1344.1
1320
1332
1021
1/19/09
1/19/09
1/19/09
1/19/09
www.vettemarket.com WINTER 2009 Corvette Market 79
32 1997 Corvette Tiger Shark Custom
41 1998 Corvette Convertible ”1st Built”
42 2004 Corvette Indy Pace Coupe
53 1999 Corvette 1962 Convertible Replica (CRC)
$112,200 Barrett-Jackson, Scottsdale, AZ
$110,000 Barrett-Jackson, Scottsdale, AZ
$110,000 Barrett-Jackson, Scottsdale, AZ
$101,200 Barrett-Jackson, Scottsdale, AZ
1601
1301
1616
1353.2
1/19/09
1/19/09
1/19/09
1/19/09
3 1989 Corvette DR-1 Convertible
6 1989 Corvette ZR-1 Coupe
8 1989 Corvette ZR-1 Coupe ”Snake Skinner”
12 1990 Corvette Active ZR-1 Coupe Prototype
39 1989 Corvette ZR-1 Coupe
40 1991 Corvette Convertible
51 1990 Corvette ZR-1 Coupe
59 1993 Corvette ZR-1 Coupe
77 1992 Corvette ZR-1 Coupe ”First Built”
93 1989 Corvette ZR-1 Coupe ”Snake Skinner II”
97 1989 Corvette Splash Custom
98 1989 Corvette ZR-2 ”Big Doggie”
$286,000 Barrett-Jackson, Scottsdale, AZ
$198,000 Barrett-Jackson, Scottsdale, AZ
$176,000 Barrett-Jackson, Scottsdale, AZ
$150,700 Barrett-Jackson, Scottsdale, AZ
$110,000 Barrett-Jackson, Scottsdale, AZ
$110,000 Barrett-Jackson, Scottsdale, AZ
$101,750 Barrett-Jackson, Scottsdale, AZ
$94,600 Barrett-Jackson, Scottsdale, AZ
$82,500 Barrett-Jackson, Scottsdale, AZ
$73,700 Barrett-Jackson, Scottsdale, AZ
$71,500 Barrett-Jackson, Scottsdale, AZ
$71,500 Barrett-Jackson, Scottsdale, AZ
1218
1230.4
396.1
82
96
907.2
1332.1
1021.1
1344.2
1302
1599
97
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
1/19/09
2 1969 Corvette 427/430 L88 Convertible
27 1968 Corvette 427/435 L89 Convertible
$323,300 Mecum, Kissimmee, FL
$117,700 Russo and Steele, Scottsdale, AZ
S142
TH316
1/25/09
1/18/09
Rank by
Overall
Rank Model
31 1967 Corvette 427/435 Coupe
33 1967 Corvette 327 Convertible
36 1963 Corvette FI Coupe
37 1965 Corvette 327/365 Coupe
38 1967 Corvette 327/350 Convertible
45 1967 Corvette 327/350 Coupe
46 1966 Corvette 427/390 Coupe
47 1963 Corvette 327/360 FI Convertible
54 1967 Corvette 327/300 Convertible
55 1967 Corvette 327/350 Convertible
57 1967 Corvette LS2 Custom Convertible
58 1967 Corvette Coupe
67 1967 Corvette 427/400 Convertible
69 1963 Corvette 327/360 FI Coupe
70 1967 Corvette 327/300
72 1963 Corvette 327/360 FI Coupe
73 1966 Corvette 427/390 Coupe
74 1966 Corvette 427/425 Convertible
76 1966 Corvette 327/300 Convertible
80 1966 Corvette 427 Coupe
83 1967 Corvette 327/300 Convertible
86 1963 Corvette 327/300 Convertible
87 1966 Corvette 427/390 Convertible
88 1966 Corvette 427/390 Coupe
89 1967 Corvette 427/435 Convertible
90 1966 Corvette 427/500 Convertible
91 1967 Corvette 427/435 Coupe
92 1965 Corvette 383/525 Custom Coupe
94 1967 Corvette 427/400 Convertible
Sold Price Location
$112,200 Barrett-Jackson, Scottsdale, AZ
$110,250 McCormick, Palm Springs, CA
$110,000 RM, Ft. Lauderdale, FL
$110,000 Barrett-Jackson, Scottsdale, AZ
$110,000 Barrett-Jackson, Scottsdale, AZ
$107,800 Barrett-Jackson, Scottsdale, AZ
$106,000 Mecum, Kissimmee, FL
$105,600 Barrett-Jackson, Scottsdale, AZ
$99,000 Barrett-Jackson, Scottsdale, AZ
$99,000 Barrett-Jackson, Scottsdale, AZ
$97,350 Russo and Steele, Scottsdale, AZ
$96,800 RM, Ft. Lauderdale, FL
$86,900 Russo and Steele, Scottsdale, AZ
$85,800 Russo and Steele, Scottsdale, AZ
$85,000 Russo and Steele, Scottsdale, AZ
$84,700 Russo and Steele, Scottsdale, AZ
$84,700 Barrett-Jackson, Scottsdale, AZ
$83,210 Mecum, Kissimmee, FL
$82,500 Barrett-Jackson, Scottsdale, AZ
$81,400 Russo and Steele, Scottsdale, AZ
$80,300 Barrett-Jackson, Scottsdale, AZ
$79,200 Barrett-Jackson, Scottsdale, AZ
$79,200 Barrett-Jackson, Scottsdale, AZ
$79,200 Barrett-Jackson, Scottsdale, AZ
$78,531 RM, Toronto, CAN
$77,000 Barrett-Jackson, Scottsdale, AZ
$74,800 Russo and Steele, Scottsdale, AZ
$73,700 Barrett-Jackson, Scottsdale, AZ
$72,975 Mecum, Kansas City, MO
Date
1027
386
SP28
1262.1
935.2
999
S66
1248.2
987
1352
F536
SP31
SN872
F538
S746
F507
1244
S137
975
S674
1007
1353
1036
1240
SP121
1233
TH305
946.2
S155.1
Lot #
1/19/09
11/23/08
2/8/09
1/19/09
1/19/09
1/19/09
1/25/09
1/19/09
1/19/09
1/19/09
1/18/09
2/8/09
1/18/09
1/18/09
1/18/09
1/18/09
1/19/09
1/25/09
1/19/09
1/18/09
1/19/09
1/19/09
1/19/09
1/19/09
10/26/08
1/19/09
1/18/09
1/19/09
12/7/08

Page 78
Resource
Directory
Auction Companies
Kruse International.
800.968.4444, 5540 CR llA Auburn,
IN 46706. Largest Collector
Car Auction Company, holding
over 35 auctions per year. Home of
the 480-acre Auction Park in Auburn,
IN, where the 37th Annual
Labor Day Auction will be held
with over 5,000 cars and 150,000
people. www.kruse.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
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)
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
Put your company in the CM Resource Directory. Call 877.219.2605 x211,
or email advert@vettemarket.com
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
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) ■
Ad Index
Baymont Inn & Suites...................... 57
Bloomington Gold .......................... 11
Bob Bondurant School of H.P.D. ... 35
Carlisle Events.................................. 45
Classic Cars Southeast................... 67
Competition Components............ 80
Corvette America........................... 61
Corvette Correction....................... 77
Corvette Expo, Inc.......................... 43
Corvette Repair Inc........................ 47
Corvette Specialties....................... 75
Corvettes Of Dallas......................... 61
Corvettes Of Houston..................... 49
County Corvette............................... 2
Eastern Corvettes............................ 80
Factory Reproductions................... 83
Hagerty Insurance.......................... 37
Intercity Lines ................................... 77
Jim Meyer Racing Products Inc.... 81
Kruse International.......................... 51
Long Island Corvette Supply Inc... 81
Mecum Auction................................ 3
Mid America Motorworks .............. 84
Midwest Corvettes & Classics ....... 81
National Corvette Museum........... 77
National Corvette Restorers
Society.............................................. 67
Ronald McDonald House.............. 55
Sign Past Inc.,................................... 69
Silver Auctions.................................. 41
St. Bernard Church ......................... 53
St. Joeseph School Raffle .............. 69
Swissvax............................................ 39
The Chevy Store.............................. 63
The Collector Car Auction............. 59
Thomas C Sunday Inc .................... 77
Trailex Inc.......................................... 69
Vette Collectibles ........................... 65
Worldwide Group ............................. 7
Zip Products ..................................... 65
80 Corvette Market WINTER 2009 www.vettemarket.com

Page 79
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Page 80
Vette-o-bilia
by Carl Bomstead
T
he holidays have passed, and now that the tree has been removed
from the front room, a bunch of Hallmark Corvette ornaments
have been listed on eBay. It may be a sign of these troubled economic
times, with sellers scrambling to cover their financial com-
mitments, but it gives buyers a choice of dozens of trinkets. Some 1957
Corvette ornaments I noticed for sale were #1 in the “Classic American
Cars” series that was first offered in 1991 at a price of $12.95. Prices
ranged between $60 and $80, which was decent enough for a cool ornament.
On the other hand, several of the 1997 Corvette ornaments were
also offered but they all sold for about five bucks. I guess older is better,
once again.
EBAY #180318501961—
GLENN APPLEMAN
CORVETTE CONVERTIBLE
COOKIE JAR. Number of
Bids: 13. SOLD AT: $900.
Date Sold: 1/9/2009. Glenn
Appleman started making
ceramic automotive cookie jars
in 1970 and closed shop in 1987.
This late '50s Corvette was
signed and dated 1983. It was
highly detailed with lots of flashy
brightwork and was in excellent
condition. Seller offered another
that was finished in white and it
brought $801 after 12 bids, so in
this case Resale Red was worth
about a hundred bucks.
cover wear and stains but that did
not hold back the bidding. When
I had a '54, I looked high and low
for one of these but to no avail,
and I would have gladly paid the
price that bought this one.
CHEVROLET CORVETTE
LICENSE PLATE FRAMES.
Number of Bids: 9. SOLD AT:
$127.50. Date Sold: 12/25/2008.
These metal frames came from
the estate of a man who bought
a 1958 Corvette at Westlake
Chevrolet and removed the
frames and stored them away.
They appeared to be in excellent
condition, with only minor paint
loss due to age. I bought my first
Chevrolet at Westlake in Seattle,
so I'm sorry I missed these when
they were offered.
Sold: 1/04/2009. This press kit
included a 67-page booklet and
a CD for the 2009 ZR1. It was
offered to accredited media at
the 2008 Detroit North American
International Auto Show. Seller
claimed he had scarfed up a
bunch of these to supplement
his slave wages as a journalist,
and this was the last one he had.
Others sold for as much as $450
and as little as $84, so pricing
these is not an exact science.
Online trash and trinkets—some valuable, some not. By Carl Bomstead.
Crunch Time for Cookie Jars
Resale Red adds $100, rare ‘53/'54 manual turns up, ZR-1 press kit makes
reporter quick $150, cheesy sales ring costly
EBAY #120351394593—
EBAY #260340121162—
EBAY #370137701595—
1953/54 CORVETTE
OWNERS' MANUAL. Number
of Bids: 19. SOLD AT: $224.04.
Date Sold: 1/06/2009. This was
published in mid-1953, as the
first edition had numerous errors.
It was continued for the 1954
models and was the only owners'
manual offered. It had some
1965 CORVETTE PLASTIC
DEALER PROMO MODEL.
Number of Bids: 26. SOLD AT:
$749. Date Sold: 1/7/2009. This
Silver Pearl plastic promotional
model was in excellent condition
and was complete with the
original box. These are hard to
find, so the price paid was not
out of line; however, another
1965 promo model sold a few
weeks earlier after 17 bids for
$561, so the seller did just fine on
this one.
1963 CHEVROLET DEALER
WALL DISPLAY. Number of
Bids: 18. SOLD AT: $272.77.
Date Sold: 12/23/2008. This display
was from Francis Chevrolet
in St. Louis, which closed its
doors in the early '70s. The 1/24scale
AMT model cars were cut
in half, so I'd guess half the displays
faced right, the others left.
I think the display would have
been more impressive with some
verbiage, but it is an interesting
piece that sold for a fair price.
EBAY #300284020873—
EBAY #270324216876—
EBAY #320326362982—
PAIR OF 1958 WESTLAKE
82 Corvette Market WINTER 2009 www.vettemarket.com
2009 CORVETTE ZR1 PRESS
KIT. Number of Bids: Buy It
Now. SOLD AT: $150. Date
CHEVROLET/CORVETTE
SALES AWARD RING.
Number of Bids: 3. SOLD AT:
$599. Date Sold: 1/20/2009. It
was not stated when this ring
was presented, but it offered lots
of bling with the dozen or so
diamonds around the Chevrolet
Bowtie logo. The ring was 10-kt
gold, but reading the fine print
of the listing, I find that the
diamonds had been added by
the seller. Seems like a bunch of
money for a tarted-up ring that
still requires a far-fetched tale
as to how you “won” the sales
award ring. ■