Heroshot

1969 Chevrolet Corvette

L88 Convertible
Mecum exceeds $200M in Kissimmee
Thursday, 6 January - Sunday, 16 January
$335,500
Sale Price
Yes
Reserve
12 January 2022
Sold Date
W145.1
Lot Number
#2-
Older restoration
Mecum Auctions
Auction House
Chassis no. 194679S726291. Can-Am White over saddle vinyl. 427/430hp L88, 4-speed, white hardtop, Rally wheels, red line tires.

Evaluation: One of 116 L88s built in 1969, the last year for the race-ready L88 package. Bloomington Gold certified, NCRS Performance Verification, NCRS Duntov Mark of Excellence. Documented tank sticker. Good paint and body overall with small chips where the hardtop meets the body. The brightwork has all been either replaced or restored. The engine compartment has been redone and shows well. The underbody has been restored. The interior is excellent and shows well. A great older restoration.

Bottom Line: An L88 Corvette is a seriously rare car, but this one shows itself regularly and anyone who even casually follows Mecum auctions has probably seen it more than once. It was a $400,000 no-sale here in 2012, then sold for $451,000 at Monterey in 2018. It hammered not sold again at a $390,000 in Las Vegas 2018 and again at a $400,000 high bid in Kissimmee 2019. Mecum then made the odd move of offering it in a pair with another 1969 L88 Convertible at Indy 2019, and it didn’t work with an unsuccessful $725,000 high bid offered up for the two.

The car probably deserves more than this price, but it has crossed too many auction blocks recently and it is no longer fresh or exciting to the kind of people bidding for L88s. It seems especially cheap in the context of all the eye-poppingly expensive prices in Kissimmee 2022, and for the new owner it’s a good value.

by Andrew Newton
24 January 2022
Hagerty
Valuation Tools

See how much your car is worth.

Get current values, historical values, model history and more.

Leave a Reply

Your email address will not be published.

More on this topic

Hagerty Insider Newsletter

Your weekly dose of auction reports, market analysis, and more.

Thank You!
Your request will be handled as soon as possible
Hagerty Insider Newsletter
Your weekly dose of auction reports, market analysis, and more.
Share
Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.