Rare 1967 Chevrolet Corvette sold for $2,695,000, but falls short of record
Fox News
A 1967 Chevrolet Corvette L88 coupe was auctioned for $2,695,000 which fell short of a record for the model.
The car is fully restored and believed to be the only one that still has its original numbers-matching engine, but fell far short of the auction record for the model and all Corvettes, which was set in 2014 when a red L88 coupe sold for $3.85 million. According to Hagerty's Manager of Valuation Analytics John Wiley, the price paid for the Mecum car was just 2% percent below its expected value today and shows a strong market for classic cars, but that the 2014 car crossed the block during a peak that coincided with an available tax exemption on such sales that has since expired.
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