L88 Vettes Dominate Early '14 Auctions
L88 Corvettes have long ranked among the most coveted cars on the auction circuit, and the results of this season's kick-off events prove that the storied RPO has lost none of its allure.
Leading the charge at Barrett-Jackson Scottsdale (Arizona) was the legendary '69 "Rebel” racer (shown), which we profiled in our Mar. '14 article, "Best of the Best.” The car sold for a staggering $2.86 million, making it the event's top seller to that point.
It was eclipsed shortly thereafter by a Rally Red '67 four-speed coupe, which sold for a new Corvette auction-price record of $3.85 million. The car boasted an impressive list of NCRS laurels, including a Duntov Mark of Excellence Award from 2001.
Another pair of L88 Corvettes enjoyed top-10 placement at the Mecum Auction in Kissimmee, Florida, though their hammer prices did fall well below the stratospheric sums paid in Scottsdale. A thoroughly documented Cordovan Maroon '68 coupe brought $530,000, while a '69 Fathom Green convertible went for $510,000.
Look for a full recap of these early-season auctions in an upcoming issue.
Dream Giveaway Winner to Receive Two 427 Vettes
James DeGreve of Moline, Illinois, was recently named the grand prize winner in the 2013 Corvette Dream Giveaway. The giveaway is sponsored by New Life Center, a charitable organization that provides food, support, and emergency shelter for needy families with children.
DeGreve will receive both a topless '69 L71 and a Lingenfelter-enhanced, 615hp '13 427 Convertible (shown), along with $45,000 to help cover the prize taxes. The "matching” cars both feature a white exterior over a blue interior.
"Having the opportunity to help support a great cause such as this is the best part of it all,” DeGreve said. "It makes your decision to enter so easy, because you know your donation will be helping a wonderful cause.”
Corvette Results Mixed at Daytona Enduro
Teams displaying the crossed-flags logo endured both the thrill of victory and the agony of defeat at the Rolex 24 at Daytona on January 25-26. Falling squarely in the latter category was Corvette Racing, whose all-new C7.Rs were stricken with mechanical problems that removed them from contention in the GT Le Mans category.
The No. 4 car of Oliver Gavin, Tommy Milner, and Robin Liddell was running second in class with less than three hours remaining when a transmission bearing failed and sent the car limping into the pits. After a 30-minute gearbox swap, Milner returned to the track to secure a Fifth Place class finish.
Meanwhile, the No. 3 car of Antonio Garcia, Jan Magnussen, and Ryan Briscoe fared less well, succumbing to an overheating problem near the halfway point of the race.
On a more positive note, the Corvette Daytona Prototypes proved the class of the field, taking First through Fourth Place overall. The top-finishing Action Express No. 5 car of João Barbosa, Christian Fittipaldi, and Sébastien Bourdais edged out the No. 10 Wayne Taylor Racing DP by less than 1.5 seconds to secure the win.