1967 Chevrolet Corvette L88

The Chevy Corvette is a pretty cool car, of course. But America's sports car isn't collected with such fervor as, say, just about any Ferrari, right? Well, perhaps not... but rare examples of the breed are gaining ground in the collector car market.

The 1967 Chevy Corvette L88 seen above sold at Barrett-Jackson for a somewhat staggering $3.5 million (plus an additional 10 percent in fees). Best we can tell, this is a new record for a Corvette at auction, with a '67 L88 convertible selling in late 2013 for $3.2 million holding that title before.

It's certainly a beautiful car, in a red on red color combination that is thought to exist only on this car. All told, Chevrolet sold just 20 L88 Corvettes in 1967, meaning this is an extremely rare machine. Check it out in our high-res image gallery above, and be sure to watch the video below showing the car's time on the auction block.

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Details

The 1967 L88 is extremely rare, 20 were produced. 20 of the most desirable Corvettes ever built. The true intent of the L88 was all-out performance on the racetrack. L88s were delivered without fan shrouds, 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. The L88 with 12.5:1 compression, hi-lift cam, 850cfm 4 barrel carburetor and aluminum heads was intentionally under-rated by GM at 430hp. Stock, as delivered L88s actually have been dyno-tested at 560hp. This vehicle is the only known 1967 red/red L88 produced, it has GM documentation in the form of a legible Tank Sheet (Order Copy) that has been validated by the GM/NCRS Document Validation Service. A L88 427 HD, M22 4-speed, J56 heavy duty brakes, J50 power brakes, F41 suspension, K66 transistor ignition, G81 4.56 posi-traction and shoulder harness. 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. Equipped just as the documentation indicates, this L88 is the best of the best.