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Old 09-09-2013, 07:09pm   #1 (permalink)
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Default 67 Vette sells for 3.2 million

A rare 1967 Corvette L-88 sells for a record 3.2 million dollars.


Yahoo!
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Old 09-09-2013, 07:15pm   #2 (permalink)
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This car, one of only 20 L-88s built in the 1967 model year. The former owners bought the car in 1996, and found it still had the original engine...
WOW !!!
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Old 09-09-2013, 07:19pm   #3 (permalink)
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Old 09-09-2013, 07:29pm   #4 (permalink)
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From the comments

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Show me the CarFax.
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Old 09-09-2013, 07:32pm   #5 (permalink)
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i sold my ultra rare 98 coupe for a little less than that 3 years ago.

well, it was sorta rare, it's the only one bought by me new.
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Old 09-09-2013, 07:33pm   #6 (permalink)
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I wonder how much they would have got if they painted it gray and called it Eleanor.
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Old 09-09-2013, 07:35pm   #7 (permalink)
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I wonder how much they would have got if they painted it gray and called it Eleanor.
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Old 09-09-2013, 07:36pm   #8 (permalink)
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Nice, but...

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Old 09-09-2013, 07:36pm   #9 (permalink)
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People are stupid!!!!!


CASE [email protected][email protected]!!!!!
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Old 09-09-2013, 07:54pm   #10 (permalink)
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People are stupid!!!!!


CASE [email protected][email protected]!!!!!
I have to agree. For crying out loud, it's just a damn car. I guess money don't buy smarts.
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Old 09-09-2013, 07:58pm   #11 (permalink)
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More money than brains. I wish I was stupid enough
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Old 09-09-2013, 08:33pm   #12 (permalink)
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If I had the $...yes. I'd rather have it than the money sitting in the bank for someone else to use. You will probably never have the opportunity to buy another one in your lifetime. The prev. owner had a world class collection of muscle cars that I watched go across the block via the internet. Some of the very best, and rare muscle ever mfg. Legends.

The L-88 would suck at trying to drive it on the street though.

I know it's contradictory. But, it is funny people would drop that kind of money on a car with basically a different motor than the others on the assembly line - same body panels, suspension, interior, etc...They sold plenty of L88 motors over the counter, too. But, collectors don't view it the same way as a factory installation. Funny how the brain works in people.
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Old 09-09-2013, 08:52pm   #13 (permalink)
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Originally Posted by 69camfrk View Post
I have to agree. For crying out loud, it's just a damn car. I guess money don't buy smarts.
It's just damn money. What people often don't realize is that monetary value isn't linear, it's relative. If you make $50 a day, a $250 speeding ticket cuts deep and takes flesh. If you make $500 a day, a $250 speeding ticket pinches and stings for a second. If you make $5000 a day, a $250 speeding ticket must suck for your driver.

Collector car values are based on supply and demand like anything else. So, you have a car considered to be the ultimate example of an iconic model, by literally millions of enthusiasts worldwide, 1 of just 20 in existence, in a fantastic color combination, how do you even set a value?

Take it where there are several people with the means and the desire to obtain your car and see where things go. This time they went to $3.2MM for a '67 Corvette. Last month they went to $27.5MM for a Ferrari 275GTB Spyder.

Yeah, these are just cars. But these are the very rarest of cars and the most desired of cars and therefore, the most valuable of cars.
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Old 09-09-2013, 09:11pm   #14 (permalink)
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Originally Posted by Gilligan View Post
People are stupid!!!!!


CASE [email protected][email protected]!!!!!

I totally agree. I would be happy with any run of the mill Mid Year, but even that is more coin than I would be willing to part with. As the saying goes, There is an Ass for every Seat!
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Old 09-09-2013, 09:49pm   #15 (permalink)
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For 3.2MM, I'd be afraid to drive it. And I'd want to drive it. Afterall, Corvettes were built to be driven. That's one of the things I love about my '76. The cost of entry was relatively cheap, and I can drive it and enjoy it.

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Old 09-09-2013, 09:53pm   #16 (permalink)
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1967 Corvette L88 427-430HP
The L88 427 motor was installed in a very limited number of production Corvettes from 1967 through 1969. It is best described as a full-race motor, available to the public for street use, straight from the factory. But its offering on the RPO option list was listed there in disguise. Chevrolet wanted to produce a high-performance Corvette that was second to none. But they also didn’t want the inexperienced horsepower-seeking youth ordering one without realizing the true potential of the L88. Also, it was necessary to have the L88 Corvette conform to various government regulations, insurance companies, as well as Chevrolet’s own horsepower policy. Therefore, the publicized rating for the horsepower of the L88; was manipulated by Chevrolet.

The L88 with 12.5 to 1 compression, hi-lift cam, 850 CFM 4 barrel carb and aluminum heads was under-rated at only 430 HP. L88s actually have been dyno-tested at 560 HP. How could GM do this without it being called false advertisement? Easy -- the publicized rating of the L88 actually was its true horsepower. Chevrolet just neglected to point out that this horsepower rating was at approximately 1000 RPM under the peak performance RPM of the L88. Conversely, engines such as the L71 427 with its 11 to 1 compression, tri-power carburetion and milder cam were rated at their actual peak performance of 5600 RPM. The L71 was listed as 435 HP, which was closer to its true peak performance rating, and 5 horsepower more than the L88’s under-rated 430 HP. It may have caused the average guy to unknowingly check off L71 on the RPO option list, thinking it was the biggest motor to be had in his new Corvette order.

The true intent of the L88 was for all-out performance on the racetrack. For example the L88s were delivered without fan shrouds and were notorious for overheating in traffic. They did not have chokes, and were a bear to keep running until they came up to operating temperature. Additionally there was the Radio and Heater delete that was mandatory on the L88. This didn’t work for the individual that wanted a little comfort in addition to performance.

The 67 L88 is extremely rare as there were only 20 of them produced -- which some feel are 20 of the most desirable Corvettes ever built. The Nabers Brothers in Houston Texas restored this particular 67 L88. Prior to its restoration, this L88 had already been Bloomington Gold certified in 1985; again to Bloomington for the “Earthquake 88” L88 Special Collection in 1988; and as part of the Bloomington Special Collection in 1992.

In 1998, this L88 went straight from Nabers Restoration to the 1998 Bloomington Special Collection. Per the tank sticker this L88 is equipped as follows: Marina Blue, Standard Black trim, L88 427 HD, M22 4-speed, J56 Heavy Duty Brakes, J50 Power Brakes, F41 Suspension, K66 Transistor Ignition, G81 4.11 Posi, N14 Dual Side Exhaust, C48 Heater Delete, Non-Radio, and A01 Tinted Glass.
$5700/hp
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Old 09-09-2013, 10:16pm   #17 (permalink)
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For 3.2MM,
Hey

I think I'm at least a 4, maybe a 4.1 ???
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Old 09-09-2013, 10:32pm   #18 (permalink)
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FOOL<------------------------------------------------------------------------------>MONEY
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Old 09-09-2013, 10:36pm   #19 (permalink)
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I have a L-82..........not quite up to par, is it.
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Old 09-09-2013, 10:47pm   #20 (permalink)
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Quote:
Originally Posted by snide View Post
For 3.2MM, I'd be afraid to drive it. And I'd want to drive it. Afterall, Corvettes were built to be driven. That's one of the things I love about my '76. The cost of entry was relatively cheap, and I can drive it and enjoy it.



If you have the financial wherewithal to swing $3.2MM on a toy, then you can afford to have the cake, I mean original L88, as a museum piece and build your own L88 out of a project '67 to eat, I mean drive.
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