C1 & C2 Corvettes General C1 Corvette & C2 Corvette Discussion, Technical Info, Performance Upgrades, Project Builds, Restorations

'Vault Find' 1967 Corvette 427 Auctioned for $675,000

Thread Tools
 
Search this Thread
 
Old 05-25-2017, 12:50 PM
  #1  
Corvette Forum Editor
CorvetteForum Editor
Thread Starter
 
Corvette Forum Editor's Avatar
 
Member Since: Jan 2016
Posts: 521
Received 145 Likes on 95 Posts
Default 'Vault Find' 1967 Corvette 427 Auctioned for $675,000



All-original, manicured L71 finds new home at Mecum auction, but it'll be tough to surpass its first home.

Read the rest on the Corvette Forum homepage. >>
Old 05-25-2017, 01:27 PM
  #2  
Macattack
Instructor
 
Macattack's Avatar
 
Member Since: Jun 2007
Location: Carmel IN
Posts: 196
Received 16 Likes on 13 Posts

Default

My five year son and I saw it roll off the auction block in Indy, extremely nice car to say the least. A local car collector from Carmel, IN bought it for his private collection per the Indy Star. Congrats to the new owner.
Attached Images    
Old 05-25-2017, 02:43 PM
  #3  
SledgeHammer 2.0
Drifting
 
SledgeHammer 2.0's Avatar
 
Member Since: Feb 2010
Location: Richmond Texas
Posts: 1,707
Received 261 Likes on 151 Posts

Default

Wow. Kudo's to the son for caring for it for 24 years. I don't think I could have ever let it go.
Old 05-25-2017, 03:07 PM
  #4  
Mike Terry
Le Mans Master
 
Mike Terry's Avatar
 
Member Since: Mar 2005
Location: Greenwood In.
Posts: 6,977
Received 270 Likes on 202 Posts

Default

I was there also and it was a touching moment when it sold. Just before it sold they lowered the lights and played taps and everyone in the place stood and all men took off there hats. Pretty touching for the family I am sure.
The following 2 users liked this post by Mike Terry:
Brian VH McHale (01-17-2022), Greg Hollowaty (01-18-2022)
Old 05-25-2017, 10:40 PM
  #5  
3JsVette
Race Director
 
3JsVette's Avatar
 
Member Since: Jan 2007
Location: NYC NY
Posts: 13,393
Received 2,491 Likes on 1,645 Posts

Default

Originally Posted by Mike Terry
I was there also and it was a touching moment when it sold. Just before it sold they lowered the lights and played taps and everyone in the place stood and all men took off there hats. Pretty touching for the family I am sure.
Classy move by Mecum and the attendees.
Old 05-26-2017, 12:03 PM
  #6  
mikelj
Melting Slicks
Support Corvetteforum!
 
mikelj's Avatar
 
Member Since: Jan 2009
Location: High Mountains of New Mexico
Posts: 3,268
Received 1,391 Likes on 683 Posts
2023 C2 of the Year Finalist - Unmodified
2021 C2 of the Year Finalist - Unmodified
2015 C3 of the Year Finalist

Default

Anyone know who bought it? I didn't recognize the guy.
Old 05-26-2017, 12:08 PM
  #7  
SBR
Safety Car
 
SBR's Avatar
 
Member Since: Jan 2001
Location: Barrington IL
Posts: 4,289
Received 678 Likes on 382 Posts

Default

Gary Runyon was the buyer.
The following users liked this post:
mikelj (05-26-2017)
Old 05-26-2017, 12:36 PM
  #8  
mikelj
Melting Slicks
Support Corvetteforum!
 
mikelj's Avatar
 
Member Since: Jan 2009
Location: High Mountains of New Mexico
Posts: 3,268
Received 1,391 Likes on 683 Posts
2023 C2 of the Year Finalist - Unmodified
2021 C2 of the Year Finalist - Unmodified
2015 C3 of the Year Finalist

Default

Thanks, he and Jackie have had a great collection of Corvettes over the years. I hope this one sees the light of day so the public can enjoy it.
Old 05-26-2017, 12:39 PM
  #9  
SBR
Safety Car
 
SBR's Avatar
 
Member Since: Jan 2001
Location: Barrington IL
Posts: 4,289
Received 678 Likes on 382 Posts

Default

I heard that it was invited to the Gold Collection display at the Bloomington Gold show next month. It is going to be a great event.
Old 05-26-2017, 01:04 PM
  #10  
mikelj
Melting Slicks
Support Corvetteforum!
 
mikelj's Avatar
 
Member Since: Jan 2009
Location: High Mountains of New Mexico
Posts: 3,268
Received 1,391 Likes on 683 Posts
2023 C2 of the Year Finalist - Unmodified
2021 C2 of the Year Finalist - Unmodified
2015 C3 of the Year Finalist

Default

That's great, I have always wanted to go to BG, but it is so far away, too difficult to trailer cars to.
Old 05-27-2017, 10:20 AM
  #11  
big block ken
Burning Brakes
 
big block ken's Avatar
 
Member Since: Sep 2013
Location: Mount Holly, NJ
Posts: 823
Received 230 Likes on 105 Posts
2021 C2 of the Year Finalist - Unmodified

Default

It's too bad that the car was barely enjoyed by the family. I have my late brother's '66 big block convertible that he bought new, now with 90k miles, NCRS Top Flight and completely original except for one repaint. It was a daily driver in it's early years, a stop light racer, and looks like the day it left the showroom. Plenty of great memories of it on the road, not up on carpeted jack stands.
Old 05-28-2017, 04:38 PM
  #12  
MYblu69
Instructor
 
MYblu69's Avatar
 
Member Since: Jun 2015
Posts: 186
Received 11 Likes on 10 Posts
Default

I have a very original and very nice 69 big block but I still try to put 500 miles or so on it a summer. They were built to drive and back in the day I beat the crap out of them. Not anymore of course
Old 05-28-2017, 04:47 PM
  #13  
TWINRAY
Melting Slicks
 
TWINRAY's Avatar
 
Member Since: Aug 2005
Location: Working on the car NY
Posts: 2,680
Received 32 Likes on 30 Posts

Default

Crazy, 1st think I wanted to do with my cars is put mileage on them.
Old 05-28-2017, 04:50 PM
  #14  
JMills
Drifting
 
JMills's Avatar
 
Member Since: Aug 2012
Location: Cincinnati ohio
Posts: 1,679
Received 786 Likes on 331 Posts
2024 Corvette of the Year Finalist - Unmodified
2023 C2 of the Year Winner - Unmodified
2022 C2 of the Year Finalist - Unmodified
2020 C8 of the Year Winner - Unmodified
2020 C6 of the Year Winner - Unmodified
2020 C2 of the Year Finalist - Unmodified
2017 C2 of the Year Finalist
2016 C2 of the Year Finalist

Default

They're going to enjoy the car now! $675,000 buys you a lot of fun !!!
Old 05-28-2017, 10:03 PM
  #15  
Mike Terry
Le Mans Master
 
Mike Terry's Avatar
 
Member Since: Mar 2005
Location: Greenwood In.
Posts: 6,977
Received 270 Likes on 202 Posts

Default

The buyer live in Carmel or Fishers Indiana, just on the north side of Indianapolis.
Old 05-29-2017, 10:53 AM
  #16  
big block ken
Burning Brakes
 
big block ken's Avatar
 
Member Since: Sep 2013
Location: Mount Holly, NJ
Posts: 823
Received 230 Likes on 105 Posts
2021 C2 of the Year Finalist - Unmodified

Default

Originally Posted by JMills
They're going to enjoy the car now! $675,000 buys you a lot of fun !!!
I'll bet they only enjoy that enormously expensive car by looking at it and trailering it to be on display. I once owned a super low mileage '78 Pace Car (63 miles) that I bought out of the original dealer's showroom in 2005, where it sat since new. It pained me to see that odometer roll to every show, where the car was very well known. After 2 years, and 2,200 miles on it, I just had to sell it.
Old 05-29-2017, 12:11 PM
  #17  
Nowhere Man
Team Owner
 
Nowhere Man's Avatar
 
Member Since: Feb 2003
Location: Sitting in his Nowhere land Hanover Pa
Posts: 49,010
Received 6,944 Likes on 4,783 Posts
2015 C2 of Year Finalist

Default

My question is the new owner going to tittle it in his name and lose the one owner. After all that is the big draw on this car besides the low miles. And if he doesn't tittle it he also can't campaign it through NCRS.

Get notified of new replies

To 'Vault Find' 1967 Corvette 427 Auctioned for $675,000

Old 05-30-2017, 09:24 AM
  #18  
mikelj
Melting Slicks
Support Corvetteforum!
 
mikelj's Avatar
 
Member Since: Jan 2009
Location: High Mountains of New Mexico
Posts: 3,268
Received 1,391 Likes on 683 Posts
2023 C2 of the Year Finalist - Unmodified
2021 C2 of the Year Finalist - Unmodified
2015 C3 of the Year Finalist

Default

Originally Posted by Nowhere Man
My question is the new owner going to tittle it in his name and lose the one owner. After all that is the big draw on this car besides the low miles. And if he doesn't tittle it he also can't campaign it through NCRS.
Many of these big collectors do not title and register the cars in their names. I have bought a couple of very low mile Corvettes that the collectors did not. I was glad, since then I could be the second owner. I doubt this collector has any intention of putting this car into any judging anywhere, most likely only downside in that.
Old 01-16-2022, 09:11 PM
  #19  
vettn
Pro
 
vettn's Avatar
 
Member Since: Sep 2005
Location: Northeastern PA
Posts: 645
Received 15 Likes on 11 Posts

Default

Had to resurrect this to update. The vault car just sold at Kissimmee Mecum (2022) for $418,000 by the guy (Runyon) who bought it in 2017 for $675,000. A mere $257,000 loss it seems. But, Runyon's collection was being sold, so maybe working on averages?



Old 01-16-2022, 09:13 PM
  #20  
*89x2*
Team Owner
 
*89x2*'s Avatar
 
Member Since: May 2001
Location: ...tearing up the highways, one state at a time™®©
Posts: 31,624
Received 2,103 Likes on 1,075 Posts

Default

Originally Posted by vettn
Had to resurrect this to update. The vault car just sold at Kissimmee Mecum (2022) for $418,000 by the guy (Runyon) who bought it in 2017 for $675,000. A mere $257,000 loss it seems. But, Runyon's collection was being sold, so maybe working on averages?



Ouch. That's a big hit in value.


Quick Reply: 'Vault Find' 1967 Corvette 427 Auctioned for $675,000



All times are GMT -4. The time now is 03:03 PM.