History/News/Commentary from K. Scott Teeters

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Corvette Auctions

C4 Grand Sport Coupe & Convertible On Block at Mecum Anaheim – TWO VIDEOS

by Scott Teeters, Editor of Corvette Report
Sellers disappointed when reserves not met.


Dateline 11.23.15: The 1996 Grand Sport was the sixth Special Edition Corvette and did more to bring the moniker “Grand Sport” back into the consciousness of the Corvette community than anything else. Prior to 1996, it was mostly Corvette racing fans that knew what a “Grand Sport Corvette” really was – Zora Arkus-Duntov’s lightweight Cobra killer that he envisioned being offered in every Chevrolet dealership in America. It was a noble concept, but even Chevrolet General Manager Semon “Bunkie” Knudsen couldn’t get a special exemption from GM’s management to allow the Chevrolet build and sell Corvette race cars. (I know, it’s a bummer, man!)

As the original 1963 Grand Sport racers faded into the collective memory of motorsports, the legend turned into a myth, until slowly but surely, Continue reading

“Purple People Eater” 1959 Corvette road racer to cross the block in Scottsdale


1959 Chevrolet Corvette, the Purple People Eater Mk III. Photos courtesy Barrett-Jackson.

by David Conwill as republished from blog.Hemmings.com

Dateline October 2015: When Nickey Chevrolet of Chicago decided to sponsor a road racing Corvette in 1958, it wanted to make sure its advertising dollars were getting their maximum return. Accordingly, the dealership decided that to make its car stand out in a sea of white, silver, and light-blue ‘Vettes, something special was required in the paint department. Likely inspired by Sheb Wooley’s hit novelty song, the distinctive metallic purple paint job would result in the car and its two successors bearing the nickname “Purple People Eater.” Next January, the last of these cars, the 1959 Chevrolet Corvette Purple People Eater Mk. III, will cross the auction block in Scottsdale, Arizona. Continue reading

2016 Special Edition C7.R Z06 Corvette #001 Sells for $500,000

Dateline: October 2015.  Written, recorded and produced for YouTube by Corvette Report Editor,  Scott Teeters.

Another “First” Corvette brings in the BIG BUCKS

Barrett-Jackson knows how to put on a show. The roster for the 3 day auction fest in Vegas was packed with beauties… and the girls were nice too. But seriously folks, the car and truck eye candy was a treat and #001 2016 Special Edition C7.R Z06 Corvette was saved for later on the last day. With “first and last” cars becoming highly collectible in the Corvette community and with so many models and special editions having been produced, we’ll no doubt see many more of these. Continue reading

2016 Special Edition C7.R Z06 Corvette #001 Sells for $500,000 at Barrett-Jackson Las Vegas Auction!

The “First” 2016 C7.R Z06 Corvette #001 brings in the BIG BUCKS – Video2016-Chevrolet-Corvette-Z06-C7R-Edition-2A

Dateline: 9.26.15 – Barrett-Jackson knows how to put on a show. The roster for the 3 day auction fest in Vegas was packed with beauties… and the girls were nice too. But seriously folks, the car and truck eye candy was a treat and #001 2016 Special Edition C7.R Z06 Corvette was saved for later on the last day. With “first and last” cars becoming highly collectible in the Corvette community and with so many models and special editions having been produced, we’ll no doubt see many more of these.

Ever since 1999 when the first all-out, factory-backed, long-term Corvette racing team unleashed the C5-R, adding the suffix “R” after the generation designates “racer.” So far we have the C5-R, C6.R, and the current C7.R. Continue reading

What’a STEAL! 1991 Callaway ZR-1 Corvette Sells for $28,000!

1991 Callaway Supernatural 550 Well Bought at Barrett-Jackson Las Vegas Auction 9-25-15 – Video


Dateline: 9-25-15 – Car auctions are a ton of fun! I mean it doesn’t take long and the sing-song of the auctioneer starts to have a happy sound. But not as happy as seeing someone getting an awesome deal on a stunning Corvette.

In 1991 the ZR-1 was the “Corvette to die for!” Everything was SO exotic, it’s too bad Chevrolet played it outrageously safe with the body styling that looks almost exactly like a regular Corvette. On well, ZR-1s are still beauties and the only way it could get better was to have Callaway Engineering do their thing on top of what was already Corvette’s flagship model. Continue reading

1954 Motorama Nomad (Corvette) replica goes up for auction! – Video

1954 Motorama Chevrolet Nomad (Corvette): The Original Corvette “Station Wagon”!

EXP-3-1954-Nomad-2Dateline: 8.29.15 – Unlike the Pontiac, Buick, and Olds ’54 Motorama cars (Corvette wanna-be’s), Chevrolet designers did something totally unique and in retrospect, way ahead of its time. Using a 115-inch wheelbase Chevy station wagon chassis, Earl’s designers and stylists took the complete ’53 Corvette design and stretched it. From the front cowl and windshield forward, it was a production Corvette. Then the doors and back end were stretched to fit the nine-inch longer chassis. The rear fenders were straight off the ’53 Corvette. (scroll down for the video of the 1954 GM Motorama)


The ’54 Motorama Nomad was one of those designs that just looks right at first glance. Obviously not a sports car, the Nomad was a balanced blend of trim sports car styling with the full utility of a station wagon.
“Practicality” was a big sales feature in the ‘50s. Continue reading

John Greenwood’s 235-MPH Sebring ’75 Corvette Racer – NO SALE – VIDEO

The first wide-body Corvette race car went on the Mecom Monterey 2015  block!

Mecum greenwood

Timeline: 8-15-15- Car auctions have never been more fun ever since they went LIVE online. Below is the video of the auction! Bidding stalled out at $300,000 and was a NO SALE!

It was anticipated that the car would fetch between $550,000 and $700,000, so stalling out at a measly $300,000 is incredible! According to the Mecum description of the car, $250,000 was put into the car’s restoration.

What’s mind-boggling is that earlier in the evening a 1969 L88 Roadster sold for $750,000CLICK HERE for details. So, if you’re itching to own a major piece of Corvette racing history, the Greenwood Sebring ’75 Corvette will no doubt be back on the block.

Here are the car’s details from the Mecum info page. 

This is the worlds fastest racing  Corvette and set a Top Speed Record of 236 MPH at Daytona in 1975!

In the history of endurance racing, some entries have notably stood out in sheer importance, and the car being made available here will satisfy the most discerning criteria. We are proud to present to you the 1974 Greenwood Corvette chassis number 002, the ‘Spirit of Sebring ’75,’ the first and most famous of only six Greenwood wide-body race machines ever built. Continue reading

First-Ever Production Corvette C4 Heading To Auction


1984 Vettes are at the bottom of the feeding chain, let’s see what “the first” C4 fetches!

by Drew Singer as republished from GMAuthority.com 

Dateline 8-7-15 The introduction of the Corvette C4 was, in a way, similar to the advent of the current model. Both models ushered in new styling elements, new technology and represented a tidal shift in the model’s evolution.

The C4 eschewed the sumptuous curves and rolling fenders of the C3 for a fiberglass bodywork that was altogether more sculpted and chiseled. But this big step had to be taken properly. Continue reading

The Curious Case of the Fake 1967 Corvette

Fake 67

Beware of FAKE Corvettes at Auctions, Even Top Auction Outlets

by Steve Lehto as republished from Jalopnik.com

Dateline 8-7-15 From time to time, readers point out cases to me from other states on topics I have written about. And last week I got a doozy. The man who bought a fake “rare” Corvette and could not sue for fraud due to disclaimers made by the seller, Mecum Auctions.

In 2011, Isaac Pardo attended an auction in Illinois where he saw a very rare black 1967 Corvette. The car was offered with a certificate of authenticity. Pardo won the car by bidding $68,500. Before he even left the auction, someone pointed out to him that the car was really just a 1964 Corvette which had been reworked to look like a 1967. I am not a Corvette guy, so I can’t even begin to guess why any of that makes sense, but trust me: In the most general terms, some of this sounds like it might raise legal issues. Continue reading

Crossing RM Auctions-Unique GM Styled GPV-57 1964 Corvette Sting Ray


BY SEAN SZYMKOWSKI as republished from GMAuthority.com

“Bunkie” Kundsen’s 1964 Vette Hits the Block!

Dateline: 7-29-15 The phrase “they just don’t make ‘em like they used to” rings so true with the story of this C2 Corvette. Once upon a time, GM brass had the pull to have a car handcrafted to their own desires. Here is an excellent example of that.

In 1963 Semon “Bunkie” Knudsen, general manager of the Chevrolet brand since 1961, ordered a special Corvette for his personal use. But, it wasn’t to be any C2 Corvette. Bunkie had signed off on many important Corvette variants during his tenure up to 1967, something important to understand regarding this 1964 C2 Corvette’s significance. Continue reading

The Owens Corning L88 Corvette Goes On the Block and It’s a NO SALE!

Dateline: 8.17.12

Another famous Corvette race car makes THUNDER at RM Monterey!

SPECIAL NOTE – Check out the new Owens Corning Corvette Postage Stamp art print at the bottom of this post!

Well I hope that you were able to catch some auction action, live from Monterey, California. High-end auctions, such as the RM and Mecum events draw some of the finest and most interesting cars in the world. For car lovers, these auctions are the proverbial box of chocolates – you never know what you’re going to get.

Last year at the RM Monterey event there were five delightful Corvettes that went on the block – one stocker, a ‘60 Corvette with just 750 miles on the odometer and four Corvette race cars. For Corvette lovers, the star of last years show was the Greenwood Stars & Stripes 1969 427 ZL1 BF Goodrich racer that sold for $580,000.

This year the RM Monterey auction only had one Corvette and WOW, what’a beauty! Preauction estimates predicted that the car should sell for between $950,000 and $1,350,000! “Auctions” are arguably the ultimate expression of the economic free market. Sellers always have an idea as to how much they want for their cars, but when the gavel comes down, it’s the buyers that set the price. Granted, the economic downturn had depressed the prices of exotic cars over the last few years. Some would call it a price correction to rein in the wildly high prices of just a few years before the downturn.

One interesting factor for the Owens Corning Corvette, as compared to the Greenwood Corvette is the car’s pedigree. The Owens Corning Corvette is the winningest Corvette race car of all time with a staggering 22-straight wins! That’s like winning every race for over two years in today’s American Le Mans Series races. Could the Owens Corning record be broken? Sure, anything is possible. But it’s NOT likely.

When you watch the car auctions, there are two parts. First, the car is presented on stage with a detailed description of the car with images and sometimes video. Then the bidding action begins. Here’s how the auction action played out. Continue reading

August Auction Action – Watch RM Monterey and Mecum Monterey, Live!

Dateline: 8.15.12

A BIG weekend for Corvettes on the block!

Auction action begins at 6:30 Pacific Time for the RM Monterey event.

It’s turning out to be a very interesting weekend for Corvettes at the high-end car auctions, with two big-time events going off at about the same time and area. I checked the RM Auctions website and saw that they have updated their home page and added a “VIEW AUCTION LIVE” link at the top of their homepage. So, they made it easy for us. Auction action starts at 6:60 PM Pacific time (9:30 Eastern Time). If you click the page link before the scheduled start time, all you’ll see is a black box where the streaming video will be. This won’t change until the event starts. After the feed begins, look for the button to Fill Screen, kick back, and enjoy!


For details about this fantastic Corvette racer, just click the image.

If you’re mainly interested in the Owens-Corning 1968 L88 racer, the lot number is 141. The numbering begins with #101, a 1953 Hudson Hornet. So with 40 cars before the Owens-Corning car, it’ll be a few hours before the old war horse Corvette comes thundering upon the stage.

But if you love old cars and racing machines, the auction is a treat. Not only do you get to see the numbers ring up, but before the bidding begins, they describe the car, show photos and videos, as well as letting you get a good look at the car on the turntable. Most of the cars at the RM event are really special and have been lovingly restored and cared for. The marque almost doesn’t matter, they’re just wonderful machines. Continue reading

Owens-Corning Corvette in the New RM Auctions Monterey Catalog

Dateline: 8.9.12

A stunning collection of photos of one of the toughest racing Corvettes ever!

To access the RM Auctions catalog, just click on the above image.

RM Auctions is putting on 11 events for 2012 and the Monterey auction is just around the corner. Last year five Corvettes went on the block, four racers and one stocker, with all but one finding a new home. Of course, last year’s BIG star for Corvette fans was the Greenwood Stars and Stripes 427 ZL-1 #49 Corvette that went for $580,000.

This year there’s only one Corvette and WOW is it a beauty with a story. The Owens-Corning 1968 L88 Corvette was one of the fiercest Corvette racers ever.  Raced by Jerry Thompson and Tony DeLorenzo, the car scored an astonishing 22 victories in a row! The team fielded two L88 Corvettes and at one point took 1st and 2nd in 14 of the 22 races won. In the March 2010 issue of Corvette Magazine, Jerry Thompson was quoted saying, “They worked. That doesn’t mean that they were easy to drive. The engines had so much torque and power that most guys were intimidated by them.”

When Corvette Repair performed the restoration on the car, Kevin Mackay and his team took the car back to its 1971 24 Hours of Daytona livery. The car has been beautifully photographed for the RM Auction catalog. RM Auction publishes a paper book/catalog for around $50, but they also publish a digital version through ZMags at no charge. Every car that’s up for auction is in the catalog with first class pictures and wonderfully written articles about each car. The catalog by itself is a delight, and you can’t beat the price.

To access the digital catalog, Continue reading

On the Auction Block! 1968 Owens-Corning L88 Corvette

Dateline: 7-11.12

Subtitle: A Piece of Corvette racing history could be yours! How deep are YOUR pockets?

To check out the RM Auctions Monterey event, CLICK THE ABOVE IMAGE.

Sometimes you get a little “I wonder” thought. Yesterday I realized that the RM Auctions Monterey event would be coming up soon and wondered if there might be any interesting Corvettes going on the block. Last year there were five interesting Corvettes that were up for auction – four race cars and one one street Corvette. But the big splash was the auction of the John Greenwood Stars and Strips BF Goodrich  427 ZL-1-powered Corvette racer that went for $580,000. What’a show!

Usually, the cars are carefully pushed on the revolving stage, but for the Greenwood Corvette, the big ZL-1 was fired up off stage, sounding like an approaching thunder storm, and driven on stage. “Seven hundred horsepower, ladies and gentlemen!” said the auctioneer. And the crowd went wild! Yea, it was FUN.

So I checked in with the RM Auctions Monterey website to see if any Vettes were going on the block. But alas, I only found one (as of this date), but what’a beauty. Here’s your chance to buy one of the all-time great Corvette race cars, the ‘68 Owens-Corning Fiberglass L88 A/Production Corvette. This car won 22 consecutive races, qualified on the pole in most of its races, and scooped up the A/Production Championship two times!

The car is currently owned by John Thompson (no relation to race car driver, Jerry Thompson). In ‘07 Thompson sent the car to Corvette Repair for a restoration back to its Daytona ‘71 configuration. Kevin Mackay and his expert team completed the work in ‘08. In ‘09 the car won the NCRS American Heritage Award and was later one of the Chip’s Choice cars on display at the Corvettes at Carlisle Show. Continue reading

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