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Mecum achieves record-setting auction in Dallas with 1967 Corvette L88 convertible

By: Autoweek on 09/11/2013

Mecum Auctions - The 1967 Chevrolet Corvette L88 Convertible sold for a whopping $3,200,000.

Mecum is no stranger to hosting million-dollar auctions all over the United States. Their most recent event in Dallas put collector Buddy Herin's 1967 Corvette L88 Convertible in the spotlight, making it one of the most successful auctions in Mecum history.

Being just one of 20 produced during that year, this rare breed made history for its $3.2 million price tag, the highest price ever achieved for a Corvette at any auction.

Not only was this Corvette well-documented and in pristine condition, it boasted an impressive track record, literally. The L88 made headlines when it took home the first-place title of the '67 NHRA A/Sports Nationals at Indianapolis, setting the tone for the car's considerable drag-racing career.

Dallas is now in the books as one of the most successful Mecum auctions in history with its 70 percent overall sell-through rate and sales totaling $37,913,093. This event began with an anticipated 1,000-vehicle lineup but ended up surpassing that number with 1,432 classic and collector cars.

Herin contributed four of the top 10 on the sales list, including his 1969 Chevrolet Camaro ZL1, which took the No. 2 spot coming in at $530,000. The Camaro was also an elite member of its breed as it was No. 62 of just 69 produced that year. Herin rounded out the top three with his 1957 Chevrolet Corvette Airbox at $290,000. His 2005 Ford GT sold for $255,000, taking the sixth spot, with his 2008 Lamborghini Murcielago LP640 Roadster selling for $230,000, good enough for the eighth spot on the list.

The Complete top-10 sales list from the Dallas auction:

1967 Chevrolet Corvette L88 convertible at $3,200,000

1969 Chevrolet Camaro ZL1 at $530,000

1957 Chevrolet Corvette Aitbox at $290,000

1969 Chevrolet Yenko Camaro at $275,000

1970 Chevrolet Chevelle LS6 convertible at $275,000

2005 Ford GT at $255,000

1963 Chevrolet Corvette Z06 at $250,000

2008 Lamborghini Murcielago LP640 Roadster

1965 Chevrolet Chevelle Z16 at $225,000

1967 Chevrolet Corvette coupe at $205,500

Mecum's next classic- and collector-car auction will be held October 10-12 at their newest venue, the Schaumburg Convention Center in Schaumburg, Ill. This auction will host 1,000 classic and collector vehicles. For more information, visit mecum.com
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