World record price set for rare L88 Vette in Dallas auction.
At Mecum's third Dallas auction of the year, a world record price was paid for a Corvette with the hammer falling on a bid of $3.2 million for an immaculate 1967 L88 Corvette convertible. Finished in a gorgeous Marlboro Maroon hue with Black stinger and soft top, the classic Vette is one of 20 L88s built in 1967, a multiple award winner, and the receiver of a complete restoration by the hands of Nabers Brothers of Houston. .
In its infancy, the L88 was used as a drag racer, consistently running the quarter mile in 11.1 to 11.3 seconds at speeds of 125-130 mph. Under the hood, a 430-horsepower 7.0-liter (427 cu.in.) engine is mated to a 4-speed manual, while the L88 boasts power brakes, factory side exhaust, Kelsey Hayes bolt-on wheels, mostly original interior and original body panels.