15 September 2015

Classic Classified: 1967 Chevrolet Corvette L88 Coupe

From: Hemmings Motor News
Date: December 1983
Price then: $37,500 ($90,000 adjusted for inflation, about the cost of a new 2015 Corvette Z06, 3LZ today)
Price now: $2,100,000 - $3,650,000
Approximate dollar difference: $3,560,000 (assuming No. 1 condition)
Approximate annual rate of return: 12.2%

1967 Corvette L-88 Coupe: One of 21 built, car built June 1967. 11,000 original miles, black, black interior, dual factory exhaust, steel wheels, redline tires, original gas tank sticker with car. This is the finest L-88 Corvette in the USA. This is the last Corvette from our extensive Corvette collection to be sold. $37,500.

New for 1967, the Corvette came with the race-ready 427 using the RPO code L88. Rated (or severely underrated according to most) at 430 hp, this engine option alone cost about as much as the base Corvette. That’s why only 20 (not the stated 21 in the ad) were ordered for 1967, making it the rarest and most sought after year for this option. To find a low-mileage car in a desirable black-on-black color combination is a once-in-a-lifetime find for someone in 1983 with the extra money to pick it up. The real question here is would you cash in today for the  millions or just enjoy the car?

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