Looking to dominate the racing scene in late '60s, Chevrolet created a handful of Corvettes decked out with the now-legendary L88 package. Chevy only produced 20 of these race-ready 1967 Chevrolet Corvette L88 models, but it's estimated that only around half still exist today. Adding to the scarcity, it's believed that only three still retain the numbers-matching engine, and this one owned by Corvette Mike is said to be the only L88 Coupe left in existence with the original engine.
Last month, Corvette Mike announced that this rare Sunfire Yellow L88 Coupe would be heading to auction in 2020, but until that takes place, the Corvette (and non-Corvette) specialists announced this ultra-rare 'Vette will be up for sale listed at $3.95 million. That's about a new ZR1 more than $3.85 million price tag that a red-on-red L88 Coupe sold for at the 2014 Barrett-Jackson Scottsdale event.
The L88 package was available from 1967 through 1969, and it stood out from other Corvettes with its 427 CID L88 V8 rated conservatively at 430 horsepower; actual output was well over 500 horsepower, though. In addition to this potent big-block, the L88 Corvettes also received the heavy-duty M22 “Rock Crusher” four-speed manual transmission, K66 transistorized ignition, J56 heavy-duty disc brakes, J50 power brakes, F41 heavy-duty suspension and a cowl induction hood. For weight reduction, the L88 also featured radio and heater delete.
This L88 Coupe is in pristine condition coming off an intense 10-year restoration. In that time, every nut and bolt of this car was painstakingly tracked down to ensure this car was 100 percent original. That above-and-beyond effort is what it took to receive top marks, and this car has been recognized with numerous awards and recognition including Bloomington Gold Certified, Triple Diamond, Duntov Mark of Excellence and NCRS Regionals Top Flight. This Corvette even has the original title from July 18, 1967, and it hasn't been retitled since.
"We plan on auctioning the L88 next year but my partners and I thought we’d like to give all enthusiasts a chance to buy it, not just those who attend the auction. This L88 represents the pinnacle of Corvette collecting. No other Corvette in the world can claim such rarity. We are honored to now own this car. It’s been a dream of mine for decades,” said Mike Vietro, founder and owner of Corvette Mike.
While this particular Corvette could set a new bar for L88 pricing, a side effect could be an emerging trend of more L88 Tributes, which we saw a handful of in 2019.
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