1968 Corvette L88 convertible sells for $600,000
A 1968 Chevrolet Corvette L88 convertible was the top seller at Mecum's classic car auction
Paul Fraser Collectibles, Monday 21 May 2012
A 1968 Chevrolet Corvette L88 convertible was the star turn at Mecum's 25th Original Spring Classic Auction between May 15-20 in Indianapolis.
The LeMans Blue beauty is just one of 13 extant 1968 L88 convertibles, a fact that helped push its value up to $600,000.
The L88 featured the original drivetrain, Protect-O-Plate, as well as the original factory invoice.
Rarity is among the most important factors when determining a classic car's value. A vehicle's prominence in the production line is also a key consideration.
It is why a 1969 Chevrolet Camaro ZL1, the first ZL1 produced, was the auction's second highest seller.
The first of 69, the Super Stock drag car sold for $400,000.
A 1969 Ford Mustang Boss 429 Fastback, the first candy apple red Boss 429 ever built, also performed superbly at the sale, selling for $250,000.
The vehicle was the 38th of the hand-built Red Boss 429 prototypes produced, and appeared at the sale with its rare early 820-S engine, which employed NASCAR specification heavy-duty rods.
The first 15 vehicles were test cars, making this one the 23rd to be offered to the buying public.
Another 1969 Ford Mustang Boss 429 Fastback made $146,590 at auction in 2005, a sign of the growing strength of the sector.
Car enthusiasts should check out PFC Auctions' online auction, which is currently offering Jim Clark's worn driving gloves from his last F1 race and a Lewis Hamilton signed cap.
Classic car values are up 7.82% since the turn of the year, according to the HAGI Top 50 Index, the Historic Auto Group's price index of leading classic cars.
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Images: Mecum Auctions