Classic Vettes are on the upswing in values this year, with the $3.2 million earned by this 1967 L88 Sting Ray Convertible at Mecum’s Dallas auction the highest total yet for any example of America’s sports car .
Corvette collection can become an obsession thanks to the huge variety of models, special editions and racing derivatives over the model’s 60-year history. Just like a bag of chips: once you pop... you can’t stop collecting these iconic machines.
Valuations for these models are incredibly sensitive to the car’s history, rarity and restoration quality. Beauty and the driving experience take a back seat to the engine specification and matching serial numbers. As such, this investment-grade L88 convertible’s huge earning at auction is a bit confusing to outsiders.
Part of a giant Bobby Herin collection sold by Mecum Auctions, to an outsider’s eye there seem to be many more special and beautiful examples out there, including some from Mr. Herin’s garage as well.
But they provenance of this L88 convertible is beyond reproach, with all the required documentation, the fuel tank sticker, and the other minute details collectors look for when purchasing a car at these prices. The authenticity of the interior adds patina, as does the car’s NHRA drag racing championship, old drag racing time slips, and the painstakingly-recreated original Marlboro Maroon paintjob.
Click past the jump for the full review of the most valuable Corvette (and perhaps any American road car) ever sold at auction, this 1967 Chevrolet Corvette L88 Convertible.