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67 L-88 Goes Unsold at RM Auction with 1.55 Million Bid

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Old 01-21-2007, 08:27 PM
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jntdysf
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St. Jude Donor '06

Default 67 L-88 Goes Unsold at RM Auction with 1.55 Million Bid

http://www.autoblog.com/2007/01/21/2...-l88-corvette/
Old 01-21-2007, 08:31 PM
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bluestreak63
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Old 01-21-2007, 08:34 PM
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Nice car. A little bit much though.
Old 01-21-2007, 08:35 PM
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win1876
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I wonder what the reserve was?
Old 01-21-2007, 08:36 PM
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win1876
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I wonder what the reserve was?
Old 01-21-2007, 08:38 PM
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j3studio
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What did the last one sold go for?
Old 01-22-2007, 07:05 AM
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joe58
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I wonder if it would be worth more restored in 1967 race trim since it was bought as a race car
Old 01-22-2007, 07:25 AM
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uvettcha
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wheres it all going to end !!!!!!:willy:
Old 01-22-2007, 07:28 AM
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knight37128
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Estimate $1,750,000 - $2,000,000.

Not bad for a replacement motor.
Old 01-22-2007, 08:10 AM
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427 Mitch
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I have already turned that down for my car.

Mitch
Old 01-22-2007, 09:45 AM
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hope2
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guys, this car is a known fake. been around a while. they simply bid it up looking for a fish. no real money anywhere near. most reserve auctions are not auctions, they bid it up and look for that one fish to raise his/her hand.
Old 01-22-2007, 09:53 AM
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vintagecorvette
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Originally Posted by hope2
guys, this car is a known fake. been around a while. they simply bid it up looking for a fish. no real money anywhere near. most reserve auctions are not auctions, they bid it up and look for that one fish to raise his/her hand.
Why do say it is a fake?

I took this info from the web site

And to make it even better, this particular L88 was ordered by Tony DeLorenzo, Jr., the son of Anthony G. DeLorenzo. Senior was GM's vice-president in charge of public relations from 1957 to 1979. Tony had been racing Corvairs in SCCA while Zora Duntov and Roger Penske were developing the L88 in 1966. Tony closely followed the success of those Penske L88 prototype cars and for the 1967 SCCA season he got sponsorship to run an L88 of his own from Hanley Dawson Chevrolet in Detroit, Michigan.

oWEN
Old 01-22-2007, 09:59 AM
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ctjackster
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Originally Posted by 427 Mitch


I have already turned that down for my car.

Mitch
Oh, you mean Kevin's car?

It's only your car if it sits in your garage Of course, yours is full, so you are forgiven.
Old 01-22-2007, 11:12 AM
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427 Mitch
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Originally Posted by ctjackster
Oh, you mean Kevin's car?

It's only your car if it sits in your garage Of course, yours is full, so you are forgiven.


The Delorenzo car is real.

Mitch
Old 01-22-2007, 11:26 AM
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ctjackster
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Mitch - I also remember the posts (more than remember; I could link them) that thought the guy who paid $195K (plus buyer's commission) for a 67 L89 at the 2004 AZ BJ was buying high. Three short years ago.

Bahahahahaha
Old 01-22-2007, 09:10 PM
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KyleDallas
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Originally Posted by vintagecorvette
Why do say it is a fake?

I took this info from the web site

And to make it even better, this particular L88 was ordered by Tony DeLorenzo, Jr., the son of Anthony G. DeLorenzo. Senior was GM's vice-president in charge of public relations from 1957 to 1979. Tony had been racing Corvairs in SCCA while Zora Duntov and Roger Penske were developing the L88 in 1966. Tony closely followed the success of those Penske L88 prototype cars and for the 1967 SCCA season he got sponsorship to run an L88 of his own from Hanley Dawson Chevrolet in Detroit, Michigan.

oWEN

Here is a newpaper clipping from the 1968 Daytona Race... I have
the entire starting grid and qulifying times.... here is DeLorenzo.
*
*
Old 01-22-2007, 09:21 PM
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KyleDallas
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DAYTONA 1968 STARTING GRID

A well known roster no doubt... Smokey Yunick had Bruce McLaren and Jim Hall slated to drive his Camaro in the 68 Daytona race... but he was disqualified in tech for "over preparation"... Bad, Smokey.. Bad,Bad.

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To 67 L-88 Goes Unsold at RM Auction with 1.55 Million Bid

Old 01-22-2007, 09:50 PM
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oldschoolvette
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I dont get it
Old 01-23-2007, 12:51 AM
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waynec
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If my memory serves me right, I recall attending a car show & swap meet at Greenfield Village in Detroit in 1980... there were about six L-88's featured at that show, all driven there, and driven around the grounds during the show, none of them were for sale.

I sold my pristine 60k-mile '70 Olds 442 convertible for $3150 at the show because I had too many cars to drag along on an upcoming career move across the country and no place to put them at my destination (I'm an idiot, and still kicking myself over that!!!).
Also sold a 63 SWC pg in fair (but rust-free dependable daily driver) condition for $3500 just before I moved (make that kicks times 2).

At about that same time, an acquaintance sold a real Ford GT40 race car (he was a development engineer with Ford and had purchased it very reasonably in the mid-60's when Ford closed down the racing program); he wouldn't tell me what he got for it, but he bought a near-new Pantera with a portion of the proceeds and told me he banked the bulk of the money... my guess was he got around $50k. I can't imagine what that GT40 would bring today... and yes, he's probably kicking HIMSELF, too.
Old 01-23-2007, 03:35 PM
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63Corvette
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Kyle, I believe your newspaper article on the DeLorenzo L88 at Sebring in March of 1968 refers to THIS car, which is a 1968 L88.


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