2002 Chevrolet Corvette Avelate

Offered by Auctions America | Auburn, Indiana | June 1-3, 2012

I guess it’s been more than a month, but a while ago we featured an aftermarket Corvette re-body from AAT. Well, this is another aftermarket re-body, but this time it’s from a company called Avelate Automotive.

The styling is tasteful, I think, and not school-boy garish – as the words “aftermarket re-body” generally lead me to think. Some people might ask “why? What’s the purpose of modifying the styling?” That’s a fair question – especially if it’s done by some random individual. The Avelate was penned by two men: one an automotive designer and the other a customiser.

There are Corvette touches on the redesign – among them a split rear window, reminiscent of the 1963 Coupe. This is one of 11 with the split window. A convertible and speedster were also offered. Only 27 were built in total at a cost of about $100,000 each. It has an 5.7-liter V8 (LS1) under the hood and, mechanically, it’s identical to a 2002 Corvette.

Estimated to sell for between $60,000-$75,000, this shows that there is a market for these late model “coachbuilt Corvettes.” With time, I dare to predict, these will become more and more collectible. Think of the limited edition aftermarket muscle cars of the 1960s. They’re now worth a pretty penny. You might think that, because it’s a 10-year-old Corvette, it will never be worth anything. But back in the late 60s a Yenko was just another car you could abuse at the drag strip. You never know what the future holds.

For the complete catalog description, click here. And for more from Auctions America on their home turf in Auburn, Indiana, click here.

Update: Not sold.

Update II: Not sold at Auctions America’s 2012 Auburn Fall Sale.