Equipment
327/340hp L76, 4-speed, air conditioning, hardtop.
Condition
#4 Fair
Has visible flaws to the naked eye. Runs fine, but could use mechanical or cosmetic attention.
This 54,000-mile convertible example acquits itself well with some attractive options. From the photographs, the paint looked good from afar, but showed its age up close. The interior appeared worn but serviceable, and the engine bay featured a mix of fresh-looking bits and items that could use some reconditioning. The real wildcard, however, was that its mechanical condition, like many other vehicles in the auction, was unknown.
Market commentary
Values of Condition #1 (concours-ready) L76 convertibles are up just 11% since 2018, to $136,000, but the Condition #4 values have been on the move, up 47% to $53,500. Factor in another $12,500 for this car’s optional AC (likely dealer installed) and $3,700 for the hardtop, and this car could fetch $69,700 if it were in #4 condition. It appears the sale price baked in at least some of the unknowns. This car is a good reminder that the Corvette market has long been big enough to serve different enthusiast groups. Condition #1 values for the best of the best 1963 Split window with the fuel-injected 327 cubic-inch engine is up 42% since 2018 to $327,000, while the Condition #4 value is up 18% to $111,000. Compare that to the values of the L76 convertible (and the knowledge that there are drivetrain options out there with even more approachable values), and it appears that the collectors are pursuing the perfect fuelie split windows, while the drivers/home restorers are going for the convertibles. We hope this one finds its way back to the road for some top-down fun.