2021 Barrett-Jackson Report

Corvette prices are on a tear. Nowhere was that more evident than at the 2021 Barrett-Jackson auction, June 17 - 19, 2021

For example: This 2019 Z06 convertible had a hammer price of $95,000. With the 10% Barrett-Jackson buyers fee, it comes to $104,500, which is approximately the MSRP price when it was new.

Granted this car had a lot going for it. As a 2019, it has some of the manufacturers warranty. It also, at only 912 miles, wasn't even broken in.

Another example is this 1963 Coupe in Riverside Red. It was recently treated to a frame-off restoration and was equipped with the very desirable L84 fuel-injected 327/360hp engine mated to a Borg Warner T10 4-speed manual transmission.

Hammer price - including the 10% buyers commission - was $324,500.00. Only six short months ago a Corvette of this quality would've fetched around $200,000.

So what's behind these prices? Everybody agrees they can be attributed to the new C8 generation. The amount of publicity it received - what with it being a revolutionary (for Corvette) mid-engine design - was extraordinary. Add to that the problems GM has had producing the car, what with the Covid-19 and parts shortages being well known, causing C8 prices to increase 20% or more.

As they say in the investment business: "A Rising Tide Lifts All Boats". Corvettes of all generations have been going up in price.

Is this a good thing? It depends. If your a seller, than yes. Buyers might not be happy about the situation however. Fans of the Corvette are glad to see the increased appreciation of the marque.