SOLD! '69 Corvette L88 Auctions for $680,000
As far as Corvettes go, this ’69 L88 is one of the nicest around. Don’t agree? Take it up with the ‘Vettes’ new owner – he just dropped an astonishing $680,000 on it. And like many heritage motors that fetch sky-high prices, there’s quite a bit of back-story behind this notable Chevy.
Beginning in 1967, SCCA racer Tony DeLorenzo notched a phenomenal streak of wins in a ’67 Corvette L88, later sharing 22 consecutive wins with partner Jerry Thompson in a pair of Owens-Corning sponsored L88s. The two would go on to become one of the winningest Corvette racing teams in history, so understandably, DeLorenzo had an affinity for the L88 racer.
He bought one – this triple-black L88 Corvette convertible – from his sponsor, Hanley Dawson Chevrolet, to use as a daily driver. One of only two ’69 L88 convertibles in that blacked-out color scheme, this Corvette was rare from the get-go. Why? Because it wasn’t very good at being a road car.
The Corvette L88 came from the factory without a heater, without a radio, no air-conditioning or power accessories, and interestingly – no fan shroud, which made it particularly apt to overheat in traffic. And with a colossal $5,470 price tag ($1,032 more expensive than a normal Corvette convertible), it wasn’t exactly a high-volume seller.
Nevertheless, DeLorenzo daily drove his L88 Chevy for years and even dressed it up to match its race-prepped counterpart, using chromed exhaust headers, FIA-spec headlight assemblies, fender flares, and urethane bumpers.
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DeLorenzo eventually parted ways with the L88 in December of 1969 after selling the Corvette to his friend Curt Wetzel. Wetzel toured the ‘Vette through Europe and notched so many wins that Porsche eventually bought it to remove it from competition. It later resurfaced in the hands of a Swiss owner, before making its way to a new owner in Texas, where it received a complete frame-off restoration.
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The prized L88 has gone on to win many top awards and it’s pretty easy to see why. The ’67 boasts its correct 427ci V8 engine, outputting 430-horsepower through a four-speed manual. Black on black on black – $680,000 at Mecum's Dallas auction is starting to sound about right.
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