Pair of ultra-rare L88 Corvettes is expected to fetch over $1 million.
Between 1967-69, Chevrolet produced one of the most desirable and valuable Corvettes ever made: the L88. Only 216 were made, each packing an L88 427/430 HP V8 engine, so you don’t see them up for sale very often. Corvette collectors may want to pay a visit to Mecum’s Kissimmee auction next January because two of these rare beauties will be going under the hammer. The matching hard-top and convertible will be sold as a pair to one lucky bidder. Both are finished in Tuxedo Black, one of the most sought-after Corvette paint colors, and are in excellent condition.
Both models have unique histories, too. The coupe was taken straight into storage after it was collected by its first owner and has only clocked up 2,000 miles since new. It has a black interior, rally wheels and Firestone blackwall tires. Its original engine comes with open-chamber aluminium heads exclusive to the late-production cars and is mated to a Muncie M22 ‘Rock Crusher’ four-speed transmission. Performance-enhancing features include tailored suspension and disc brakes, and a transistorized ignition.
As a testament to its condition, the car even received an award for its careful restoration in 2004. A letter from the service manager of the Wigder Chevrolet that sold the car is also included describing the unusual delivery of the car.
The convertible L88 also has a unique history as it has a celebrity on the previous owner's list. It was first owned by Corvette racer Tony DeLorenzo, who bought the L88 to use as his daily driver. DeLorenzo spent $1,032 tailoring the car to his liking with Chevrolet’s option package, which was extortionate considering the car was purchased for $4,438. DeLorenzo made his L88 closer to a track model, adding chromed Kustom exhaust headers and side pipes.
The car was then sold to a Pan Am pilot, who raced it in Europe. He was so successful that his rivals bought the car from him to stop him winning. It also has a European license plate signed by DeLorenzo. Combined, this pair of rare Corvettes is expected to fetch between $1,100,000 and $1,350,000.