Thursday, September 12, 2013

Is this irrational exuberance of the automotive kind? (

1967 L88 Corvette Convertible sells for record $3.2 million [w/video]

1967 Chevrolet Corvette Stingray L88 sells for $3.2 million, a Corvette record.
Posted Sep 12th 2013 4:00PM
The values of collectibles are going up, particularly those of classic cars, the prices paid for which we've seen climb over the years to several millions of dollars, if not (much) more. While many of those high-priced classics have been of the European variety, this past Saturday's Mecum Dallas auction saw the sale of a L88-spec 1967 Chevrolet Corvette Stingray Convertible for US$3.2 million - a record as far as Corvettes are concerned.

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