Of the 38,762 1969 Corvettes made, just two were built for sale with the legendary ZL-1 427 cu.-in. race engine. One of those was a convertible. The original owner campaigned it for three years before storing it until 1989. Then, after 15 years of shows and some competition, it went to a second owner, who had it restored by the world’s top Corvette restoration shop. RM Sotheby’s estimates the next owner will pay up to $3M to take the car home from its Scottsdale auction.
The “Elkhart Collection” is no more. RM Sotheby’s offered all of them at no reserve and brought in $44.3m. The top sale was a 1952 Ferrari 225 S Berlinetta by Vignale, which brought in $2.8m, followed by 1953 Fiat 8V Supersonic by Ghia $2.04m.
Mecum Auction House is selling a twofer 1969 Chevrolet Corvette L88 at its Glendale, AZ auction this Saturday, March 14. Pre-estimates for 1967 L88s, can command well over $1m, the rarest Corvette, with just 20 made. The more “common” 1968-1969 models draw less impressive sums, but remain a powerful draw for collectors.
A 1969 ZL1 Camaro sold at the Scottsdale Auctions for a whopping $1.094 million on the Barrett-Jackson stage. The ZL1 was an all-out performance package that also included heavy-duty suspension and drivetrain components.