Long-lost 1960 Chevrolet Corvette racecar could be worth $1.3 million
Fox News
A 1960 Chevrolet Corvette raced at the 1960 24 Hours of Le Mans by Briggs Cunningham is coming up for auction at the RM Sotheby's Amelia Island event. The historic car is expected to sell for between $900,000 and $1.3 million.
They were the first Corvettes to compete in the race and the product of a clandestine partnership with General Motors. The automaker had officially ended factory support for racing efforts, along with other car companies, due to public outcry following a crash at the event in 1955 that left 83 spectators and a driver dead. Nevertheless, GM developed the Corvette into a racing car to sell to privateer teams through dealers and provided backdoor support for Cunningham's efforts. The Cunningham cars wore numbers 1-3 and competed in the GT 5.0-liter class. The auction car was No. 1 and retired after an accident on lap 32, followed by the No. 2 car with an engine failure in the 20th hour, while the No. 3 car finished in eighth place overall at the top of its class.More Related News