1967 Corvette Sells For $3.5 Million – Sets World Record

Image Courtesy Of Barrett-Jackson
Image Courtesy Of Barrett-Jackson

On January 18, 2014, a red-on-red 1967 L88 Chevrolet Corvette coupe was sold for  $3.5 million during a Barrett-Jackson’s eight-day auction.  The second-generation C2 Corvette was regarded as one of the finest 1967 L88 in the country.

It took less than one minute to reach a price of three million and less than another minute to break the standing record by almost ten percent.

This Corvette came equipped with the C48 Heater Defrost Delete, F41 Special Front and Rear Suspension, G81 Positraction Rear Axle, J50 Vacuum Power Brakes, J56 Special Heavy Duty Brakes, K66 Transistor Ignition, L88 427 ci (7 liter) engine good for a (factory rated) 430 horsepower, and the M22 Heavy Duty close-ratio 4 speed transmission. In addition, it also has the RPO A85 shoulder belts as well as another important feature that sets this L88 apart — the special-order rear end ratio of 4.56:1, which is the rear end of choice for drag racing; most other 1967 L88 came with the 4:11 rear end more suitable to road racing.

The car was restored by the renowned Nabers Brothers of Houston and is fully documented.

The previous record was set at a Mecum Auction back in September 2013 for, you guessed it, another 1967 L88 Corvette.   It sold for 3.2 Million.

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michael

Michael began working in the Car Shipping Industry back in 2002, starting as a Salesperson for AAA Discount Auto & Truck Transporters in Los Angeles, CA. In 2008, he opened his own office under the name "Honesty First Auto Transport" where he pioneered the movement within the Auto Transport industry of not charging the customer a deposit up front. Many car shipping companies followed his lead and no longer require a deposit up front. In 2011, in an effort to further improve the customer experience for anyone shipping a car to another state, he changed the name of his company to Safe-Direct Car Shipping and created the auto shipping industry's ONLY Damage Free Guarantee. His hope is that other Auto Transporters will, once again, follow his lead and create similar safeguards for their customers (and he'll be happy to re-emerge once again in a few years with the next great improvement). He is also proud to announce that Safe-Direct Car Shipping has become the #1 company on Transport Reviews over the past 2 years.