2007 Barrett-Jackson, Scottsdale: Last Sting Ray Sold at $600,000

Click on the image for a gallery of high-res images of the "Last Stingray"

This ProTeam Corvette Sting Ray was simply amazing, and deserved the $600,000 it drew as the top bid at Barrett-Jackson on Saturday. The winning bidder received not only the car, but all of the displays and merchandise and rights to the Last Corvette name.

The Corvette is on it's sixth generation today, but forty years ago, the 'Vette was nearing the end of the C-2 era. The very last of those 1967 Corvettes was a silver coupe, powered by a 390hp, 427 cu-in L-36 V-8, a then state of the art AM/FM radio, tinted glass and of course the special red-stripe tires. Just over a year ago a full restoration was completed by Terry Michaelis and his group of specialists at ProTeam, which earned a Top Flight award at the 2006 National Corvette Restorers Society's Winter Regional. The car was also featured in a series called American Muscle Car: The Last Stingray on SpeedTV which told the history of the last C-2 'Vette.

The Barrett-Jackson press release is after the jump.

[Source: Frank Filipponio via Barrett-Jackson]

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SCOTTSDALE, Ariz. - September 20, 2006 - The "Last" Corvette, one of the most legendary sports cars in American automotive history, will be sold at No Reserve during the 36th Annual Barrett-Jackson Collector Car Event from Jan. 13-21, 2007, in Scottsdale, Ariz. The car is documented as the last 1967 Corvette of the C-2 series production, which is commonly identified as the greatest design of the American muscle car's rich history. Hailed as "The World's Greatest Collector Car Events™," the auction will feature more than 1,100 of the world's finest collector automobiles, attract over 225,000 visitors and be featured on SPEED with 40 hours of live coverage.

"Being the absolute final car of a world-famous model makes this one of the most collectible cars in the world," said Craig Jackson, president of the Barrett-Jackson Auction Company. "It's exciting to think that someone will leave the Barrett-Jackson Auction with the last C-2 series Corvette ever built." Steve Davis, senior vice president of Barrett-Jackson Auction Company, who consigned the car added, "We've followed this car as it has gained headlines and popularity throughout the country, and are pleased that it will be sold at our Scottsdale event."

The "Last" Corvette is a 1967 Coupe optioned with a L-36 427-390 hp engine, factory air conditioning, dual side exhaust, power steering, telescopic steering column, 3.55 positrac, M-21 close ratio transmission, AM/FM radio, tinted glass and red stripe tires. The signature components are complemented by a classic Silver Pearl exterior and black interior.

This legend underwent a major restoration to recapture its clean looks and ferocious bite. Shortly after purchasing the "Last" Corvette in June 2005, Terry Michaelis and his group of specialists at ProTeam Classic Corvette Collection and Sales embarked on a restoration that grabbed automotive headlines throughout the country. From stripping the Chevrolet to its chassis to sewing the last seat cover, ProTeam and numerous high profile restorers returned this classic to stardom.

"This car symbolizes the end of an era in the long history of Corvette body types," said Michaelis. "As the last of the C2 series, it is certainly a one-in-a-million collectible vehicle, particularly among Corvette enthusiasts and car investors."

Also known as "The Caboose," the "Last" Corvette has been displayed, photographed, modeled and admired in nearly every way possible. Beginning in late January 2006, just days after the final restorations were complete, the car was debuted at the National Corvette Restorers Society's Winter Regional, where it earned a Top Flight award.

As the "Last" Corvette draws closer to auction, it will be previewed and showcased at Barrett-Jackson's booth in Hot Rod Alley at the Specialty Equipment Market Association Show on October 31-Nov. 3, 2006, in Las Vegas. The car's last stop before the Barrett-Jackson Auction will be at the Fall Chevy Vettefest on November 18-19, 2006, in Chicago.

In addition to the show tour, the "Last" Corvette will be featured in a SPEED series titled American Muscle Car: The Last Stingray, which will chronicle the famous car's history and restoration. The series will include six episodes with the first episode premiering on Dec. 7, 2006. The following five episodes will air in consecutive weeks leading up to the Barrett-Jackson Auction.

Barrett-Jackson continually reaffirms its leadership position in the collector car market by elevating consignment standards, breaking annual records and serving as the barometer for market trends. Last year, more than 300,000 attendees and millions of television viewers from around the world witnessed over 1,600 cars being auctioned off for approximately $135 million at the two 2006 Barrett-Jackson Collector Car Events held in Scottsdale and Palm Beach, Fla.

About The Barrett-Jackson Auction Company

Established in 1971 and headquartered in Scottsdale, Ariz., Barrett-Jackson specializes in providing products and services to classic and collector car owners, astute collectors and automotive enthusiasts around the world. The company produces the "World's Greatest Collector Car Events™" in Scottsdale and Palm Beach, Fla. For more information about Barrett-Jackson, visit www.barrett-jackson.com or call (480) 421-6694.

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