L88 Corvette

1967 Chevrolet Corvette L88 Coupe

Offered by Barrett-Jackson | Scottsdale, Arizona | January 18, 2013

1967 Chevrolet Corvette L88 Coupe

The L88 Corvette is one of the most sought after Corvettes. It was only offered for three years (1967-1969) and 1967 was the only year for the second-generation bodystyle to receive this monstrous engine.

The L88 was a 427 cubic inch (7.0-liter) V-8 that was all aluminium. You could get other 427 Corvettes, but this package had lightweight everything and a really high compression ratio which required 103 octane (!) fuel. Chevrolet tacked on some additional required goodies like Positraction, heavy-duty suspension and brakes, and they graciously deleted the radio and air conditioner (so people would be less tempted to drive it on the road – it was supposed to be a street-legal race car).

All of these extras (or deletions) tacked on about an extra 35% to the purchase price. Which might explain why only 20 were sold in 1967. That makes this one of 20 C2 Corvettes with this outrageous engine and option package. Horsepower was rated at 430 but dyno’d at 560. 1968 and 1969 L88 models trade for about $500,000. 1967 models are significantly more expensive and this one should bring around $1 million. Click here for more info and here for more from Barrett-Jackson in Arizona.

Update: Sold $3,850,000.

Mecum Spring Classic 2012 Highlights

Dana Mecum’s 25th Original Spring Classic Auction held May 15-20, 2012, sold a ton of cars. I mean, it has seriously taken me two days to go through the results and my mind has melted from staring at the computer screen. The top sale was this gorgeous 1968 Chevrolet Corvette L88 Convertible, one of 18, that sold for $600,000.

Muscle cars were the stars of the show. Numerous Hemi Mopars and big-block Chevys went across the block and brought big numbers. One of my favorite Hemi cars to sell was a 1966 Dodge Charger – my favorite Charger bodystyle. It sold for $190,000 – and it’s all original and unrestored.

Another wonderfully rare muscle car brought the second-highest price paid for a car at this sale. It’s a 1969 Yenko Nova and it’s one awesome looking car. It sold for an eye-popping $475,000.

Our featured car, the Baldwin Motion Manta Ray GT failed to sell. Interesting sales of note included this 1978 Jeep J10 Honcho 4×4 that looks great and would’ve only cost you $7,000.

Carroll Shelby’s recent passing put a spotlight on all Shelby-badged vehicles. One of the more obscure models with the Shelby name on it is this 1989 Dodge Shelby Dakota. It’s one of 1,500 built and sold for $9,500.

And finally, there was the 1964 Voisin Biscuter microcar – and it’s about as cheap as you can go on the Voisin scale. It sold for $13,000 – less than half of what it was priced at a month ago at Hyman Ltd.

There are countless – literally – other cars that sold at this sale. Check out the complete results at Mecum’s website.

Mecum Kissimmee Highlights

Mecum Auctions held their first event of 2012 not in Arizona, but in Kissimmee, Florida – where the weather is also nice. There were a bunch of rare muscle cars crossing the block including the top sale, a 1963 Shelby Cobra Dragon Snake.

This was the 93rd Cobra built and one of only eight Dragon Snakes modified for drag racing by Shelby. Because this car won so many drag races in its day, it is the winningest competition Cobra in history. It cost $8,990 new (a lot) and sold for $850,000 at auction (also a lot).

There were also two ultra-rare 1969 Chevrolet Corvette L88s – a convertible and a coupe.

These are the must-have ’69 Corvettes and you could have bought the pair. The convertible sold for $610,000 and the coupe was a comparative bargain at $270,000.

But it wasn’t all muscle cars. Of the top ten sales of the auction there were two gorgeous Packards. The first was a 1941 180 Darrin Victoria Convertible – one of 35 built. It has the Super Eight 180 engine and a good looking red and tan color combo. It sold for $220,000.

The other Packard is a very mean and sporty looking 1930 Eight Model 745 Waterhouse Victoria. If I could’ve taken one car from this sale home, this would be it:

Big pre-war Packards never really had much of a sporting air about them. But this one kind of does. Maybe it’s the slightly cambered front wheels or their hot rod look, but this car says “I want to go fast.” This is one of three known to exist. $225,000.

For complete results, visit Mecum’s website.

Russo & Steele Scottsdale Highlights

This is our final Scottsdale auction recap. It’s been weeks since it happened but we finally caught up. Russo & Steele sold a wide variety of cars from the affordable (the lowest seller was a 1978 Triumph Spitfire 1500 Convertible that sold for $4,675) to the super expensive – the top sale was this 1968 Chevrolet Corvette L88 Roadster that sold for $687,500. It was one of only 216 built during three years of production.

The second top seller was a 1965 Shelby GT350 that was once used as a race car at the Carroll Shelby School of High Performance Driving. It has a fresh restoration and looks amazing. I could easily imagine myself tearing around a racetrack in this car. But for $467,500, it’s a little out of my range.

Our two featured cars from this auction, a 1973 Mercury Cougar XR7 Convertible and a Ketchup & Mustard-liveried ’96 RT/10 Viper both sold. The Cougar brought $17,600 and the Viper $39,050.

Other highlights included a pair of rare Mopar’s: this 1969 Dodge Charger Daytona:

sold for $118,800. And a blue 1970 Plymouth Hemi Cuda sold for $115,500. And finally, probably the rarest car in this sale was this 1984 Knudsen Baroque Cabriolet – 1 of 2 such cars built. Knudsen built 11 total Baroques in Nebraska in the late 70s and early 80s in a variety of bodystyles. When new, these cars cost between $80,000 and $225,000. According to the consignor, this car cost $86,000 in 1984. It sold for only $12,100.

For complete results, click here.