Pioneering Corvette chief engineer Zora Arkus-Duntov would have been thrilled to see the new-generation mid-engine Vette comparing favorably with far more expensive sports cars. And he would have been floored to see the new-for-2023 Z06 version called “an American Ferrari” by a leading automotive magazine. Lapping a racetrack faster than all but a handful of exotics and priced from $110,000 to nearly $180,000 with all options, the Corvette Z06 has indeed “arrived” in a new echelon of the performance car world.
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.
By all accounts, the auctions at The Amelia — now under the ownership of Hagerty — were a grand success, with the sales from RM Sotheby’s, Bonhams and Gooding & Company totaling nearly $126M. Notably, a 1937 Talbot Lago set a world record price for the marque and for French cars at $13,425,000
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.
The first mid-engine Corvette is finally going into production in February. The $59,995 base price seems almost unbelievable until you remember that Chevrolet will make it up in volume.
Undoubtedly one of the most original Cobras in in the world, this time machine is being offered at the RM/Sothebys Monterey auction with a pre-sale estimate of $1.2-$1.4 million.