Classic Corvettes

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Over $240 Million Dollars…

Wednesday, February 15th, 2012

was raked in by seven collector car auction companies in January 2012; which is a huge increase over last January 2011 that hovered right at $200 million dollars. 2011 was a re-rebirth of growth in collector car/Corvette values and January 2012 saw many “leap frog” sale prices of extreme and moderately desirable collector Corvette. Highlights from the 7 January collector car auctions:
1953 White Convertible – Sold $467,500.00
1953 White Convertible – Sold $455,500.00
1954 Blue Convertible – Sold $176,000.00
1955 White Convertible – Sold $176,000.00
1955 Blue Convertible – Sold $165,000.00
1959 Big Brake Fuelie – Sold $174,900.00
1960 Big Brake Fuelie – Sold $185,500.00
1961 Gulf Oil Race Car – no sale $901,000.00
1961 Big Brake Fuelie -no sale $217,300.00
1962 Resto-Mod – Sold $401,500.00
1962 Resto-Mod – Sold $357,000.00
1963 Coupe Resto-Mod Red – Sold $270,300.00
1963 Convertible 300 hp Air Automatic – Sold $148,400.00
1965 Blue F.I. Convertible – Sold $118,800.00
1966 Resto-Mod – Sold $282,700.00
1966 White 425 hp Convertible – Sold $143,000.00
1966 Convertible 425 hp – Sold $139,920.00
1967 Blue 435 hp Convertible – Sold $249,100.00
1967 Maroon 435 Convertible – Sold $205,000.00
1967 Black (color change) 300 hp – Sold $113,300.00
1968 Silver L88 Convertible – Sold $687,500.00
1969 Orange L88 T-Top – Sold $451,000.00
1969 White L88 Convertible – no sale $424,000.00
1969 Yellow L88 Convertible – Sold $646,600.00
1969 Blue L88 T-Top – Sold $286,200.00
1972 Green LT1/ZR1 T-Top – Sold $137,800.00
2010 ZR1 Serial #1 – Sold $203,500.00
These are huge numbers that show the popularity of Corvette collecting is again on the rise. Questions or comments? Email: terry@proteamcorvette.com

2012 Corvette Market Seminar…

Monday, January 16th, 2012

Thursday, January 19th, 2012 8:30am to 11:30am at Barrett-Jackson, Scottsdale, AZ. 2 Sessions: Show and Tell & The Experts’ Choices. FREE admission for SCM/ACC subscribers, Barrett-Jackson bidders/consignors, Bloomington Gold-Certified Corvette owners, NCRS members. The best in the hobby converge to hear prominent voices in classic Corvettes talk shop. See you there. For more information, click here.

Nominate Someone for the Great Hall…

Wednesday, January 4th, 2012

I have again been asked to serve on the Bloomington Gold Great Hall Selection Committee so if you know of someone (including yourself) that you believe deserves to be inducted into the Bloomington Gold Great Hall, please send your nomination to terry@proteamcorvette.com. However, the standards criteria are quite high.

To qualify, a selection committee* will review all nominations and evaluate the strength of their contribution to the Corvette community, how much they influenced the direction of the Corvette hobby, or how historically important their accomplishment(s) have been. If you can answer these three questions easily, then your nomination may have a good chance of qualifying as one of only 50 people to be inducted during the five year program.
1. Specifically, what did this person do to contribute to the greater good of the Corvette community? What did they give?
2. Specifically, how did this person influence the direction of the Corvette community?
3. Specifically, what accomplishments did this person make that were or are historically important?

Anyone nominated with supporting documentation why they should be inducted will be considerably more likely to increase their odds of being inducted. Remember, it’s not a popularity contest. It’s about who really had an impact on the Corvette hobby, industry, or community.

The Great Hall has already inducted 20 individuals over the past two years. There are 3 years remaining in the program and therefore 30 open induction slots. Send your nominations (and reasons why) today.

Next month you can nominate specific Corvettes for the Great Hall.

*Selection Committee: Bill Lock, Terry Michaelis, Mike Yager, Bill Mock, Jim Prather, Gary Mortimer, Roger Judski

Comments or questions? Email terry@proteamcorvette.com

Information Wanted | 1962 GM Styling Car

Wednesday, December 21st, 2011

1 ) VIN #20867S102732
2 ) GM Styling Shop Order S.O. 10224
3 ) Shop order tag dated January 16th, 1962
4 ) Firemist Gold paint with Tan leather interior
5 ) Gold Grill
6 ) Shop order number on many components
7 ) Title history back to Lansing, MI area (1979)
8 ) Owner in 1979 was James Hanson from Lansing, MI
9 ) Rumored: produced by GM Styling for Chicago Auto Show
10 ) Rumored: produced to evaluated Gold/Tan color combination used in 1963
11 ) Rumored: styling exercise for Chevrolet’s 50th anniversary
12 ) Displayed June 2011 at Detroit area Eye on Design show
13 ) Invited to the 17th Annual Amelia Island Concours d’Elegance
14 ) Styling records in storage at the National Corvette Museum.
15 ) Wanted: affirmation history
16 ) Does anyone remember this car?
Click here to view photo.
Email: terry@proteamcorvette.com

Information Wanted: 1962 Styling Corvette

Information Wanted: 1962 Styling Corvette

Dana Forrester Newest Work of Art and Holiday Offer…

Friday, November 18th, 2011

Saturday Morning Heroes features a Marina Blue 1967 Corvette beside the wall of Eichorn’s Market, Dana’s childhood grocery, with the ad sign on the wall featuring a legendary television hero. The Wheaties box picture of The Lone Ranger and Tonto begs you to relive “those thrilling days of yesteryear.” In the spirit of the upcoming Christmas season, Dana is offering Free Shipping for unframed Prints or 1/2 Price Shipping for Framed Prints to anyone who mentions this ProTeam Corvette newsletter. This offer is good for any of the many images but only for orders placed by December 15.  Please visit www.danaforrester.com for an online catalog then call to place your order (816-478-0427) and be sure to mention Pro Team!

Saturday Morning Dana Forrester

Saturday Morning Heroes by Dana Forrester

1969 L88 Sells for $596,250.00…

Tuesday, November 1st, 2011

on October 8th, 2011 at the Mecum Dallas, Texas inaugural auction. This L88 T-Top was pretty much an unrestored car that received a 3-category Bloomington Survivor and also had an additional short list of show awards. One would certainly think with Texas’s good economy that this car would stay in Texas but it found a home in the midwest. Comments? Email terry@proteamcorvette.com

Chandelier Auction Bidding…

Thursday, October 27th, 2011

is normally phantom bidding, designed to make people think there’s a competitor when there isn’t one. Per Amy Cappellazzo of Christie’s, “Chandelier bidding is, which is the auctioneer is allowed to bid on behalf of the seller up to the reserve price. So the point of an auction is that sort of canter, lively chatter, and get a little momentum going. So the auctioneer is allowed to bid on behalf of the seller and take bids, whether they exist or not, until they get close to the reserved price. That’s part of the dance of the auction, part of the momentum, and part of the theatre that goes into it.”

So… when most thought it took two bidders I have always known that it only takes one bidder and a good auctioneer that knows how to read the trees, plants, tent poles, chairs, and of course, the chandeliers. This is a legal auction practice which is normally disclosed in your bidders agreement for auction of items with reserves. Your comments and/or questions are anticipated. Email terry@proteamcorvette.com

Support a Great Cause… get a Corvette

Monday, June 27th, 2011

WIN THIS 1965 CORVETTE CONVERTIBLE 396-425 hp, 4 speed, numbers match with rally red paint with black interior and black soft top. Body-on restored with newer paint, interior, top, chrome, brakes, wheels, and tires. Optioned with factory side exhaust, power antenna, transistorized ignition, 3.70 posi, SS brakes, AM/FM radio, K.O. aluminum wheels, and Coker classic gold stripe radials. Most all factory correct type components plus owner’s manual and sales brochure. Another world class car purchased from ProTeam Corvette.

1st PRIZE: 1965 Corvette Convertible · 2nd PRIZE: $500 cash · 3rd PRIZE: $250 cash · Drawing to be held July 10, 2011 (5pm CDT) in Rockport, IN · Winner need not be present to win! · $30.00 each or 4 for $100.00 (U.S. funds ONLY) · debit cards, checks, & money orders Accepted · Only 10,000 numbered tickets available

Make checks payable to and mail: ST. BERNARD CHURCH · 547 ELM ST., Dept. PT · Rockport, IN 47635 · 812-362-7313 Church Office · email: corvette@evdio.org · Complete contest rules available: www.stbernardrockport.org · Winner responsible for all taxes and transportation • Indiana festival license # 122902 • Enter this raffle here

 

St. Bernard 23rd Annual Raffle


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Ten Most Significant Corvette Sales ’00-’10

Monday, August 9th, 2010

1. 1963 Grand Sport (#2). $4 to $5 million. Fell short of RM reserve of approximately $5 million but within months it sold privately for approximately $5 million.

2. 1962 Corvette Gulf Oil Race Car. Sold at Gooding Auction at Pebble Beach for $1,485,000.00. Great historical car that dates this writer’s personal involvement when he sold this car in the 1970′s for a few hundred dollars as “thought to be” an old drag car out of his bone yard. Oh my!! What a few decades and doing one’s research means to significant Corvettes.

3. 1963 Corvette Z06 Yenko “Gulf One” Race Car. Sold at Mecum’s Kissimmee auction for over one-million dollars. Historical race car with driver present. Great presentation equals great results.

4. 1953 Corvette VIN #003. Sold in ’06 for over $1 million (Barrett-Jackson) and VIN #005 sold same year for over $840,000.00 (Mecum). In 2007, more 1953′s were sold at auction for over $400,000.00 (RM and Worldwide). Only 300 produced with maybe 50% to 60% accounted for. Every true Corvette collection should have at least one!!!

5. 1967 Corvette Coupe “The Last Sting Ray”. Over the top restoration. Over the top promotion by ProTeamCorvette.com of Ohio produced a $660,000.00 winning bid at Barrett-Jackson 2007. Significance is in the eye of the beholder but so much has been written and blogged about this car that can still be accessed at TheLastCorvette.com.

6. 1965 Corvette Cutaway Autorama Display. Sold at RM for over $700,000.00. GM Engineering display and a true marvel. If you never have seen this car, you truly are missing much. Sent to South Africa as an educational devise then reimported in the early part of the 2000′s decade. Neat!!!

7. The L88′s with only 216 produced over a three year span – 1967 (20) • 1968 (80) • 1969 (116). Any sale whether auction or private should be noted. Did Roger Judki pay over the top at Mecum in the earlier 2000′s when he paid $600K plus for the red 1967 12-mile coupe? Was the (BB) auction at Pebble Beach (8/08) for the 1967 L88 Race Car at $744,000.00 a good deal? A slew of 1968 to 1969 L88′s have sold at auction and privately for as high as $650,000.00. ie: 1968=$572K (8/09) • 1969=$446K (10/07) • 1969=$436K (6/08) • 1969=$413K (1/08) • 1969=$335K (1/06) • 1969=$323K (1/25) • 1969=$318K (6/09). The sale (auction) to watch is the 1967 black L88 ex-Tony Delorenzo race car at this year’s Mecum at Monterey auction.

8. The 1970-’72 ZR1′s & The 1971 ZR2′s. The ZR1 is basically a small block L88 where as the ZR2 is GM’s final C3 attempt to produce a big block 425 hp with L88 equipment. Very rare as only 53 ZR1′s were produced over the 1970 to 1972 production years and even rarer are the 12 ZR2′s produced in 1971. Example of auction results for the 1971 ZR2: $550K (Mecum 6/08) • $358K (BJ 1/08) • recent private sales for the 1970, 1971 & 1972 ZR1′s are $250K, $280K, and $100K in need of restoration.

9. GM Styling Corvettes. These are shop order cars that came out of GM Styling and some were done for the “Brass”, ie: Bill Mitchell, Harley Earl, Bunkie Knusen, etc. of which one of the most significant was/is the 1963 Harley Earl Corvette that recently sold for $980K at Mecum’s Spring Indy auction. Just Google Harley Earl and read the volumes of information of what this pioneer did for General Motors before bean counters and Wall Street took over. This is an era that will never be replicated I am sorry to say!!

10. The Original – Unrestored • Unmolested • Survivors that not only are original but also in a condition that they can compete on the show field where they were judged against a standard that they are as they were when driven out of the Corvette plant when new (within reason). These cars represent the most legitimate cars that exist as they are what they are and negate the need for documentation/paperwork (whether real or Memorex). One such example, a 1969 Silver 435 hp convertible with 6,200 actual miles recently sold at RM’s San Diego auction for $231K and many uninformed asked the question, “Why!” as they thought the car was a $100K to $125K car at most. I consider the purchase as “well bought” and in fact was the second to last bid missing this buy for a mere $5,000.00. At the end of the day and as people wake-up they will see that these objects are more than just a car. They are and will be antiques and, like art, will be best left alone. “An item is only original but once.” Please pay attention!!!!

author: Terry L. Michaelis
email: terry@proteamcorvette.com
web: ProTeamCorvette.com

note: List is not in any particular order.

57 years ago today…

Wednesday, June 30th, 2010

The Corvette was born!

June 30th, 1953 in Flint, Michigan, our national love affair with the Corvette began and continues to grow as we near the car’s 6th decade.

Let’s all lift our glasses to another 57 years!!

Keith at CorvetteBlogger has some neat vintage shots and more information on the Corvette’s first days.