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.