Video: Dave Heinz’ L88 Corvette Sells for $2.6 Million at Auction
Dave Heinz’ legendary L88 Corvette just crossed the Barrett-Jackson auction block last weekend for a whopping $2.6 Million. The car, according to noted Corvette historian Peter Gimenez of L88corvette.com, is a one-of-one fully-optioned machine that shipped from the factory with a boatload of options.
The L88 Corvette option for 1969 benefited from a lighter weight and new open chamber cylinder heads, but only four cars were made available in early 1969 for road-race duty – one of which was the team of Dave Heinz and Orlando Costanzo of Florida. The amateur team had an in with Chevrolet thanks to Costanzo’s job as the sales manager at Ferman Chevrolet, and Costanzo placed an order for one of the L88 cars that arrived at the dealership in January 1969.
The car was shipped with custom headers and magnesium American Racing wheels, and the team prepared the car for the 12 Hours of Sebring event in 1969. The car was raced with the team of Heinz and Costanzo behind the wheel from 1969-1971, and Heinz won the International Motor Sports Association Driver’s Championship in 1971 after taking home victories in four of the series’ five events with the car. The car also won the GT class at the 1972 Sebring race and the 1972 Daytona Endurance event.
It was subsequently sold to Toye English of Race Enterprises and Development, who repainted the car in the Rebel flag theme seen on its flanks today. From there, Heinz partnered with Don Yenko and Bob Johnson to race the car at a number of different venues, and it was eventually retired and sold off, to disappear into a scrapyard before being rescued and restored to its current condition by Kevin Mackay and the team at Corvette Repair, Inc. in Valley Stream, New York.
It crossed the auction block for a whopping $2.6 million – plus Barrett-Jackson’s fees, for a total of $2.86 million. It’s a huge number, but to the new owner, it’s a great piece of racing history and a total conversation piece for his collection.