Corvette Auction Results: 1969 L88 Corvette Sells for $562,500 at Mecum Dallas

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Source: http://www.corvetteblogger.com via Gary Nelson
Thanks for the heads up Gaz

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by KEITH CORNETT on OCTOBER 10, 2011

A ton of excitement was generated on Saturday afternoon at Mecum's inaugural auction in Dallas. Of the 116 L88 Corvettes that were built in 1969, the black coupe that hit the auction block this past Saturday may be one of the finest examples of them all. An all original Corvette, the Black L88 coupe dominated the attention of bidders and its stong selling price at $562,500 set the high sale of the entire auction.

The Black 1969 L88 Corvette Coupe comes with a provenance that puts it above all others in its category. The Black on Black coupe holds an NCRS Regional Top Flight award with a score of 98.4. It's also been Bloomington Gold certified and holds Survivor status. The Black L88 has also been featured as an NCRS training seminar display vehicle. And when we say everything on the car is original, we mean everything – paint, interior, engine, tires. Documentation includes the tank sheet, delivery sheet, Protect-0-Plate and original owner history. Even the original keys were part of the Saturday's sale.

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L88 Corvettes don't come to market all that often and the last few that we have seen generally sold in the quarter-million range. Mecum sold a Fathom Green 1969 L88 Coupe at the Indianapolis auction in May 2011 for $222,600. As a general rule, the L88 Corvettes that we have seen that have sold for more than the market average of $250,000 usually have a racing pedigree. But there is an old saying that goes "they are only original once" and the new owner of this 1969 L88 Corvette was buying that originality.