1969 Chevrolet Corvette

Convertible
RM Open Roads, April 2021 (Online Only)
Wednesday, 21 April - Thursday, 29 April
$176,000
Sale Price
$150,000 - $175,000
Est. Range
Yes
Reserve
29 April 2021
Sold Date
293
Lot Number
#2+
Recent restoration
RM Sotheby's
Auction House
Chassis no. 194679S721322; Engine no. T0326LP19S721322. Cortez Silver with matching hardtop and black vinyl soft top over black vinyl. 427/435hp three 2-barrel engine with L89 aluminum heads, 4-speed, AIR plumbing, AM-FM, two tops, Rally wheels with trim rings, red line tires, spare, jack, Protect-o-Plate, NCRS shipping report, jack, tools, spare.

Evaluation: 2018 NCRS Bloomington Gold Certification and Top Flight. 48,270 miles from new. Largely impeccable aside from niggling details and some windshield edge delamination. This is an exceptional Corvette for which no excuses are needed.

Bottom Line: Aluminum cylinder heads in the L89 boosted the L71 engine’s power to something like 460hp, a popular notch between the standard L71 and the limited availability L88 which despite the published 430hp rating routinely pushed out over 500hp but was intended and used for racing. As such, the L89 carries a meaningful price premium over the L71. This car’s excellent restoration, two tops and Bloomington Gold status put it at the head of the class, but this result, and the pre-sale estimate range, is coupe money for a rare convertible L89 and is a very good value for the new owner.

by Rick Carey
4 May 2021

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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.