Gulf One Corvette Z06 Conquers Mecum Auction, Sells for $1.05 million

A Gulf One Corvette Z06, one of the racing icons of the 1960’s, ruled the block of the recently held Mecum Auction. The Gulf One Corvette Z06 was sold for $1.05 million during the Kissimmee, Florida event.

The top rated vehicle was based on the DNA of the Corvette Sting Ray. The Gulf One was one of the 14 units released I in 1963 specifically designed for tourneys and was among those Don Yenko outfitted vehicles.

It was driven by the Dick Thompson, popularly known as Flying Dentist, to some campaign wins like the Puerto Rico Grand Prix and the GT3 Class Daytona of 1963.

The car was restored to its likeness during the Sebring 12 hours in 1963. The detail of the flares of the modified fenders, which were last minute changes during that time, were also included.

The Gulf One Corvette Z06 has an original 327 V8 power plant which outputs 360 horsepower coupled with a manual four-speed transmission.

During the action, it got the main spotlight among the 750 automotive collectibles. The Corvettes had a 58% sold rate. The total sales for the event amounted to around $16.5 million which is quite a jump frp, $15.2 million during the previous run last 2008.

Other cars that were highly regarded during the event were a 1962 Mercedes-Benz 300SL Roadster that sold for around $525K. A 1969 Corvette L88 was tagged for $305K.

Organizers of the Mecum Auction noted the eagerness of the crowd during the event. They express excitement that the 2004 and 2005 levels of the collector’s market might be seen again this year.

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