The once obscure L88s are now highly valued Corvettes!
It’s always an exciting thing when the heavy guns from the Corvette’s past go on the auction block. Auctions can be a quirky thing, be it a local farm auction or a high-level exotic cars auction. On one hand, the final sale price is a direct reflection of what the market place is willingness to pay. On the other hand, two people can get caught up in the adrenaline of the auction experience and drive up a final sale price. Either way, they’re always fun to watch to get a sense of the market value of Corvettes.
Keith Cornett at www.CorvetteBlogger.com does an excellent job of covering Corvette auction action. Well, it seems that there’s an interesting trend developing in the Corvette world over L88 Corvettes. L88s with the appropriate petegree are getting just just north of $600,000! That’s VERY impressive, considering that new, the cars cost in the neighborhood of $6,500 back in the day.
The L88 option was Mr. Duntov’s gift to his beloved Corvette racers. Just because GM didn’t want to go racing didn’t mean that Duntov couldn’t design and develop parts for independent racers to use. The L88 package was the ultimate racer kit for its day. On paper and in person, the L88 didn’t look all that spectacular. The only visual clue as to what lurked under the car’s body was the special cold-air-induction hood that was essentially a dome on top of the big-block hood’s dome. That was the ONLY visual clue. On paper the L88 was grossly underrated at just 430-horsepower. The real power number was never “officially” published, but it was estimated to be in the high 500horsepower range. Continue reading
Here’s the latest installment from the Illustrated Corvette Series VETTE Magazine Column
It was early last July that Kevin Mackay of Corvette Repair sent me a link to the RM Auctions online version of their Monterey Auction Catalog. Kevin and I have had many conversations about early Corvette race cars, so he knows that I’m a big fan. Any time a Greenwood Corvette goes on the block it’s big news, so I posted a story about the auction right away. For the next 6 weeks or so, the car magazine and Corvette blogs were on fire in anticipation of the auction. RM Auctions broadcasts their auctions online, so I stayed up and watched the coverage and sale of the Greenwood ZL-1. I have to admit, it was a lot of fun. Here’s the post of the auction coverage.
Since the car has so much historical importance, I decided to cover the car in my VETTE Magazine monthly column, “The Illustrated Corvette Series.” The January 2012 issue of VETTE just came out, so I’m sharing the story and art with you below. Enjoy! – Scott
Illustrated Corvette Series No. 175: #49 Greenwood ‘69 427 ZL-1 Racer
“Stars and Stripes On The Block!”
Expectations were high when it was announced that the No. 49 Greenwood BF Goodrich “Stars and Stripes” Corvette was going on the block at the 2011 RM Auction Monterey event. Some estimated that the car would sell for $750,000 to $950,000. In ‘09 the Gulf One ‘63 Z06 Corvette racer went for an astonishing $1.113 Million! So there was quite a buzz in the Corvette community.
John and Burt Greenwood knew all about Duntov’s “racer kits” and like many others, took maximum advantage of the special hardware. The Greenwood boys had another advantage. Sr. Greenwood had been a WW II fighter pilot and worked at the GM Tech Center. Their Dad would sometimes take young John and Burt to work on Saturdays, to let the lads see the experimentals and prototypes. It was better than an invitation to Elvis’ house! Continue reading
Greenwood Stars and Stripes ‘69 Corvette Racer & Four Other Corvettes Go On the Block at RM Auctions Monterey Event 8.19.2011
Hot Vette Race Car Auction Action in Monterey!
It’s the Pebble Beach Concours d’Elegance week in Monterey, California. On Friday, August 19, 2011 five Corvettes will be going on the block at the RM Auctions Monterey event.. Of the five cars, four are race cars, with the most prominent being the John Greenwood 1969 427 ZL-1 BF Goodrich “Stars and Stripes” race car. The other race cars include a ‘59 Fuelie, a ‘61 Fuelie, and a ‘73 SCCA/IMSA Coupe. The lone stocker is a black ‘60 Corvette.
If it happens that you will not be attending the event, fret not! You can watch the auction action LIVE! If you go to the RM Auctions homepage, HERE. Look for the “VIEW LIVE AUCTION” link with the green button with the triangle in the middle. The auctioning fun begins at 6:30 Pacific time and will run for four to five hours. Of the five Corvettes that will be going on the block, the Greenwood car will probably get the highest bids. Pre-auction expectations are that the car will go off for between $750,000 to $950,000! With the current economy, it will be interesting to see how high the numbers go.
Here’s a review of the five Corvettes…
The Greenwood car is Lot #144. For full details, CLICK HERE.
Could digital magazines, like the RM Auctions Monterey’s 562-page event catalog, be the salvation of the magazine business?
I got a really neat email from Kevin Mackay of Corvette Repair this morning with an interesting link. I’m sure that most of you have heard that the John Greenwood 1969 ZL-1 Corvette race car is going on the block at the RM Auctions Monterey event, August 13 and 14. It’ll be interesting to watch this one because they are expecting between $750,000 and $950,000 for the car. So, we’ll see how hungry the market is for a beautifully restored piece of Corvette racing history. Kevin is also closely following this because he did the restoration work on the car.
So, if you go HERE, you can see what Kevin sent me. (The link to the left will open a new window) Kevin knows I’m a big fan of the early Corvette race cars and especially the Greenwood cars. So, enjoy the images, they’re beautifully photographed, But that’s not what this post is about.
When you go to the page, look in the middle of the page towards the bottom. See the gray forward and backwards arrows? In the middle it says, “110-11/562.” That means you’re looking at pages 110 and 111, of a 562-page document. What you have is the entire 562-page catalog of the cars that are up for auction August 19 and 20. Continue reading