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1967 L88 Corvette Sting Ray Convertible Sells For $3,200,000

Sep 23, 13 1967 L88 Corvette Sting Ray Convertible Sells For $3,200,000

Brought to you in partnership with our friends at Top Speed.

Classic sports cars are the route to an automobile collector’s heart. They rumble, they roar, and they turn heads whether they are sitting in a show room or driven to a cruise-in. Many classics are modified from their original state, which for the most part lowers their value. A classic in original or near original condition, will bring top dollar to a collector.

None so true as revealed at the Mecum Dallas auto auction held September 4-7, 2013, where a 1967 L88 Corvette Sting Ray Convertible sold for a cool $3.2 million. It also happens to be the highest bid price for any America’s sports car.

This 1967 Vette has a 427 V8 attached to a four-speed manual tranny that drives the 4.11 rear-end. It pushes out 430 hp with 380 pound-feet of torque. Which sprints the car from 0 – 60 in 5.8 seconds, does the quarter mile in 11.2 seconds at 127 mph, and has an estimated top speed of 151 mph.

Of course, compared to today’s sports cars, these stats may seem a little slow. But, back in the day, it would be considered a rocket.

One of the determining factors for the high auction price is this car’s stellar history. This particular model is one of only 20 original factory version produced. It was also the last C2 body style with sharper fender flares, central reverse lights, and four round brake lights. This was the first time the four round brake lights were used. It also was the last model to use external chromed bumpers and a functional hood scoop.

Other notable reasons for the high auction price was it had the original fuel tank sticker, photographs and time slips from the first new car run at Puyallup Dragway in Washington. It was the winner of the 1967 NHRA A/Sports National at Indianapolis. It turned am 11.2 second, 127.45 mph quarter mile using seven-inch slicks and headers.

The original purchaser was Jim Elmer of Portland Oregon, who bought it new from Lyman Slack Chevrolet. It was then sold to Rob Robinson, who raced the car and consistently finished in the top five in point standings. It was then sold to Tim Thorp, who began to restore the car, but sold it to Buddy and Nova Herin in 1996.

They finished the restoration using the original color combination of Marlboro Maroon with black stinger and a soft top. The door panels and seat covers were original with new carpet added. The body panels were also original with the factory side exhaust. All the other L88 Vettes in the series were changed for competition. This was another reason for the high bid. However, the Herin family will keep the personalized license plates currently attached to the car, as they were not part of the sale.

The car was also part of the Regional NCRS Top Flight in 1977 and Bloomington Gold L88 Invasion in 2008.

The Marlboro Maroon paint scheme of this Vette will be used as the launch color for the 2014 Corvette Stingray Convertible.

Image Credit: TopSpeed.com

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