First 1965 Corvette Brings Minimal Bid at Mecum Auction
In the automotive world, there is an importance and a high price put on the number 1 cars of a certain year. On May 18th, the very first ‘65 Corvette produced was auctioned off at Mecum’s Spring Classic in Indianapolis, Indiana. While this car was in immaculate restored condition, the Corvette sold for a mere fraction of what other number one cars have sold for in the last couple years. Thanks to Keith Cornett at CorvetteBlogger for bringing us the news.
The ‘65 Corvette, sporting the VIN 194375S100001, is a Silver Pearl Coupe. This car came with a 365 HP/ 327 CI engine. As stated in the video, 1965 was the first year for many factory options, including all-wheel disc brakes.
All though the narrators on the video state the car to be worth at least $75,000 to $80,000, the car was sold for only $66,000. The sale came after the car wasn’t getting many bids and the reserve was lifted. The selling price was $16,500 less than this very Corvette sold for in November of 2010. During the Mecum auction of Bob McDorman’s collection in November, the car sold for $75,000 ($82,500 after commission was figured in.)
Compared to other number one Corvettes sold in 2008 and 2009, the $66,000 winning bid was a bargain. A number one ‘60 Corvette received a high bid of $290,000 in 2009, which didn’t meet the reserve. Even more impressive were the three number one, late ‘50’s Corvettes which each received bids of over $800,000 in 2008 without a sale being complete because the reserves were not met. While these were older Corvettes, they still set the bar high for number one Corvettes to be sold since.
Our congratulations goes out to Proteam Corvette’s Terry Michaelis for placing the winning bid on this gem of a car. Michaelis truly picked up this one-of-a-kind Corvette for a steal.