1967 Chevrolet Corvette L88 sells for $3.85 million at Barrett-Jackson

To put it simply, the 1967 Chevrolet Corvette L88 is extremely rare. We mean “rare” rare, as in only 20 were produced. These 20 are easily some of the most desirable Corvettes ever built. They were solely built for all-out performance on the racetrack. They did not have chokes and were a bear to keep running until they came up to operating temperature, there was no radio and no heater. You absolutely would want to get frequent quick stop oil changes with such a performance-based rare beauty. Let’s take a closer look at the L88 and the auction!

The L88, with its 12.5:1 compression, hi-lift cam, 850cfm 4 barrel carburetor and aluminum heads was intentionally under-rated by GM at just 430hp (“just” 430hp). Stock as they were delivered though, the L88s actually have been dyno-tested at 560hp. To add to the rarity of this thing, it is actually the only known 1967 red/red L88 produced, and it has GM documentation in the form of a legible Tank Sheet that has been validated by the GM/NCRS Document Validation Service.

It doesn’t stop there, though. This is the only 1967 L88 to have attained an NCRS 98.2 Regional Top Flight 2001, 98.4 National Top Flight 2001, a Regional Performance Verification Award and the Ultimate award for Corvette restoration or preservation the NCRS Duntov Mark of Excellence Award 2001. To put it simply, this 1967 L88 is just the best of the best.

This is one of the examples of the kind of Corvette that can really put up the numbers at auctions. The kind that has enthusiasts in the collector car market fuming to get their hands on one. That is most likely why the 1967 Chevy Corvette L88 seen above sold at Barrett-Jackson for a staggering $3.5 million (plus an additional 10 percent in fees). As far as we know, this is a new record for a Corvette at auction, with another 1967 L88 convertible selling in late 2013 for $3.2 million holding the title before.