RM Auctions is the official auction house for the annual Amelia Island Concours d'Elegance. This year's event was held inside the Ritz-Carlton ballroom, where a large stage with a rotary platform was used to showcase each of the 92 cars in its entirety as the bidding progressed. Only eight of them failed to find a new home, yet another indication of the improving health of the market. The lowest price paid was for a '32 Ford pedal car that brought $2,875, while at the other end of the spectrum, a beautiful '35 Duesenberg convertible fetched $4,510,000.
Among this mix of offerings were four immaculate Corvettes representing the first- and second-generations of our favorite sports car. The newest, a '67 big-block convertible, sold for $148,500, the highest sum paid for a Corvette at the event. It was previously owned by NASCAR team owner Rick Hendrick and featured such rare options as sidepipes, an L71 427/435 engine, and power HD brakes.
The second-highest price paid for a Corvette was $137,500, for a '60 Sateen Silver convertible fitted with a rare power-operated top. Other features included a 270hp 283 with two four-barrel carbs, a four-speed manual trans, flawless paint, and a perfect interior. The car was well presented and received a lot of attention from potential buyers.
Next in line on the price-paid list was a picture-perfect '57 fuelie four-speed car that sold for $129,250. This was the first year the Chevy small-block generated 1 horsepower per cubic inch, thanks in large part to the Rochester mechanical fuel-injection unit and a lumpy “Duntov” cam that that revved to 6,200 rpm. Corvettes equipped with this engine dominated the SCCA BP racing class until the Shelby Cobra was introduced in late 1962. The car sold at Amelia was an excellent example of this milestone model.
The final Corvette was a Sebring Silver '63 drop-top that sold for $107,250. This car was a NCRS Top Flight award winner and featured the potent L84 327/360 small-block. An M20 four-speed was joined on the equipment list by power windows, radio, and both soft and removable hard tops. The car was completely restored in 2008, and its paint and panel fit remained excellent. The new owner should be very happy to have this beauty in his garage.
If you're looking for a premium, investment-grade Corvette, you'd do well to check RM's website for auctions in your area. Visit rmauctions.com for the latest information.