A 1967 Chevrolet Corvette L88 convertible recently sold for $3.2 million, which is the largest sum a Corvette has ever commanded at an auction. It's also about three times the amount earned by the first 2014 Chevrolet Corvette sold through auction earlier this year.
The third-annual Mecum auction in Dallas included more than 1400 cars, but the 1967 Chevrolet Corvette L88 was the undisputed star during the four-day event.
The Chevrolet Corvette belonged to collector Buddy Herin and was just one of 20 examples built in 1967 with a 430-hp L88 427 V-8 mated to a four-speed manual. It won the 1967 NHRA A/Sports Nationals at Indianapolis and there are piles of photos and time slips documenting its racing history, including its maiden run at Puyallup Dragway in Puyallup, Wash. All of its body panels are original and the Chevrolet Corvette went through an extensive restoration in the 1990s. DuPont was responsible for recreating the factory Marlboro Maroon paint.
In addition to the Chevrolet Corvette, Herin had a few other significant sales. His 1969 Chevrolet Camaro ZL1 sold for $530,000 and was the second most expensive car at the auction. Selling for $290,000 was his 1957 Chevrolet Corvette Airbox and his 2005 Ford GT commanded $255,000.
Source: Mecum Auctions