by Scott Teeters as written for Vette Vues
Corvette Milestones: January 30, 1971 – Owens Corning Fiberglass L88 Corvette #11 wins at Daytona – Finishing 1st in GT+2000 class and 4th overall, driven by Jerry Thompson and John Mahler
Dateline February 2016: The Owens Corning 1968 L88 Corvettes raced by Jerry Thompson and Tony DeLorenzo have the distinction of being the winningest L88 Corvette racers. While racing in two series, the team won 22 races in a row, with car #12 winning 11 times from 1969 to 1971.
Car #12 went “on the block” in August 2012 at the RM Monterey Auction. In 2008, the 1962 Grady Davis Gulf One Corvette sold for $1,485 and the Davis 1963 Z06 Gulf One sold for $1,050,000. So expectations were high for the “winningest L88 Corvette ever.” Bidding rocketed up to $730,000… stalled… and quickly became a NO SALE. The reserve was not met, meaning that the seller and the market have different opinions as to the car’s worth. Welcome to the world of auctions.