1961 Chevrolet Corvette No Reserve
Lot #1
Item: 788-155365

Prior Lake, MN

This Lot is:

Closed

Sun, Aug 24, 2014 6:00pm CDT

High Bidder: #185982

Current Bid:

$60,250.00

Next Required Bid: $60,500.00

 
Location / Contact:
18088 Pandora Blvd, Prior Lake, MN 55372
Phone: 612-298-8901

Lot Description:

V-Man Auctions presents an ABSOLUTE-LY Amazing, once in a lifetime, opportunity! The owner has decided to sell his award winning 1961 Corvette at auction to the highest bidder ---- NO RESERVE!! As well, he has a lifetime collection of antiques, uniques, and collectibles also selling the same day! (See our sale ending the same day as this.)

This car has recently been professionally appraised and has been verified to be a #'s matching 1961 Corvette Roadster Roman Red Fuel Injected Hard Top Convertible! (The hard top is removed by removing a few bolts.)

  • 88420 miles,
  • VIN: 10867S106191
  • Plate: 2F 1007 (Collector plate, no exp)
  • Engine: V8 Fuel injected 283cc, 315hp
  • Drive line: 4sp manual

It looks even better in person. This car was meticulously restored back in the 1980's and went on to win a number of 1st place awards at several car shows. It has seen limited use in the past 20 years and looks amazing! The appraiser did point out a couple minor repair needs (listed below). There are a few parts in the trunk and on the passenger floor, including an air box to injector hose. With a car of this caliber, the owner wants to let you know all he can!  There is a folder with documentation of some restoration work and repairs.

Excerpts from the appraisal:

"...I am...a specialty car dealer, a former automotive instructor for 34 years, and an avid car collector for more than 50 years. On August 1st, 2014, I met...to inspect his 1961 Corvette, one of 10,939 produced. The car has had an older restoration and needs minor repairs to make it reliable and safe. The engine is a 283 cid, fuel injected, 315hp, one of 1462 produced that year. The engine casting numbers, date codes, and stamped build dates appear to match. The BW-T10 4 speed was built on Dec 19, 1960 and appears to be original. The carrier in the rear axle has a 1963 date so it is not original to the car. The frame and suspension show normal wear considering the restoration was likely done 20 years ago, but the king pins will need to be replaced. Also, the exhaust needs to be realigned and secured as it rattles. The fuel injection unit #7117320 is correct for a 1961 - 316hp vette and has a serial number 2826.

The vehicle has show quality paint and appears to have all original body panels. The car is straight, has nice gaps, and nice chrome. The interior has been redone and is in excellent condition. The car appears to have the original jack, tire iron and spare. ...

There are a few items that need attention right away such as the leaking axle seal at the right rear wheel, inop emergency brake, rattling exhaust and inop right rear tail lights. ... The car is extremely solid and show quality."

Verbally, the appraiser stated that the paint job on the car, were it to be done today, would run $10k+. He also felt that $1200 in minor repairs could add $10k to the value of the car.

In going through some paperwork, we found information showing that the car was insured in 1983 with 86,900 miles. It currently has about 88,5xx miles on it.

The car will be stored off-site and will be driven to and from site on inspection/pickup days. Special times may be available by appointment. Payment for this car will be with certified funds only. Pickup by appointment. Contact must be made within 48 hours of sale end for payment and pickup options. Accommodations can be made for trucking/transport upon bidder's request.

Applicable Lot Fees
Fee Name
Amount
Type
Doc Admin Fee
$59.00
flat

Inspections as posted or by appointment. Call John at 952-451-2190 or Mark at 612-298-8901 for more info. 

Pickup by appointment only. Contact must be made within 48 hours of sale end for payment and pickup options.  Accommodations can be made for trucking/transport upon bidder's request.  

Inspection

Auction Closing:

Sun, Aug 24, 2014
06:00 pm

Removal:


Bidding Increments:

Bid Range Minimum Increment
$0.01 - $75.00 $1.00
$75.01 - $150.00 $5.00
$150.01 - $250.00 $10.00
$250.01 - $500.00 $25.00
$500.01 - $1,000.00 $50.00
$1,000.01 - $5,000.00 $75.00
$5,000.01 - $50,000.00 $100.00
$50,000.01 - $75,000.00 $250.00
$75,000.01 - $100,000.00 $500.00
$100,000.01 - $2,500,000.00 $1,000.00

Discounted Buyer's PremiumRegular Buyer's PremiumCap
10.00% 13.00%$3,250.00


This auction is contracted and managed by: V-Man Auctions

Manager: Mark Cooper


Cashier’s/Bank check ONLY

This auction is contracted and managed by V-Man Auctions.  By placing a bid on this auction you are agreeing to the auction specific terms listed below in addition to K-BID user terms.  For auctions contracted and managed by an Independent Affiliate, K-BID Online, Inc. is acting as a venue only and will not be involved in any disputes or issues regarding this auction.  Everything is sold “as is, where is” with no guarantees or warranties. You are responsible for inspecting items prior to purchase. There is a 13% BUYERS PREMIUM (13% BP) on this auction. All NON-Credit/Debit Card payments MADE IN-FULL (invoiced amount) will receive a 3% Reduction in BUYERS PREMIUM (10% BP). Applicable Minnesota Sales Tax will be collected. At the close of the auction active items will remain open until no bids have been received for three minutes. IMPORTANT NOTE: If the high bidder of an item does NOT acknowledge the purchase, K-BID systems reserves the right to determine how and to whom it will be resold. If we determine that the winning bid was not a bona fide bidder, the item WILL NOT AUTOMATICALLY go to the next second-highest bid.  


Auction Terms Addendum

This auction is contracted and managed by an independent auctioneer. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.

Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies to conduct online auctions.
They are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.

Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.

  • Bidders are responsible for all activity under their account.
  • Account information and passwords must not be shared.
  • All bids are binding and may not be retracted.

Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.

Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.

Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.

Auction Process

  • Items with a reserve will not sell unless the reserve price is met.
  • Reserves may be lowered at any time at the independent auction company's discretion:
    • During the auction: updated reserve status will be displayed.
    • After closing: the highest bidder may be awarded the item if the reserve is lowered.
  • At closing, items with active bidding will remain open until no bids are received for three (3) minutes.
  • Outbid notifications are not sent once an item enters the closing process.

Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.

If bidding privileges are suspended due to unpaid invoices:

  • Reinstatement is at K-BID’s discretion
  • Requires payment of:
    • 20% penalty on unpaid invoice(s)
    • $25 reinstatement fee
  • A valid government-issued ID must be provided
  • Unpaid items will not be awarded

Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.

Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.

Sales Tax
Applicable sales tax will be collected by the independent auction company managing the auction.



18088 Pandora Blvd
Prior Lake
MN, 55372


Phone: 612-298-8901

We ship small items, charging postage and handling. Handling fee starts at $7.50. Contact us with questions.

Bid History

201 Bid(s)
Bidder Placed High Bid
185982
Aug 24 05:21pm
$60,250.00
186005 ^
Aug 24 05:20pm
$58,750.00
185982
Aug 24 05:20pm
$58,500.00
186005 ^
Aug 24 05:18pm
$56,500.00
185982
Aug 24 05:18pm
$56,250.00
186005
Aug 24 05:16pm
$54,250.00
185982 ^
Aug 24 04:54pm
$51,850.00
70826
Aug 24 04:54pm
$51,600.00
185982
Aug 24 04:32pm
$51,350.00
70826
Aug 24 04:30pm
$51,100.00
185982 ^
Aug 24 04:29pm
$50,850.00
70826
Aug 24 04:29pm
$50,600.00
185982
Aug 24 01:59pm
$50,350.00
10022 ^
Aug 24 01:59pm
$50,100.00
185982
Aug 24 01:59pm
$50,000.00
10022 ^
Aug 24 01:58pm
$49,300.00
185982
Aug 24 01:58pm
$49,200.00
10022
Aug 24 01:34pm
$48,700.00
185982
Aug 24 01:11pm
$48,100.00
185179 ^
Aug 24 01:11pm
$47,900.00
185982
Aug 24 01:11pm
$47,800.00
185179
Aug 24 11:50am
$47,300.00
185982
Aug 24 10:11am
$47,100.00
185179 ^
Aug 24 10:06am
$47,000.00
185982
Aug 24 10:06am
$47,000.00
185179 ^
Aug 24 10:05am
$45,600.00
185982
Aug 24 10:05am
$45,500.00
185179 ^
Aug 24 08:01am
$45,400.00
70826
Aug 24 08:01am
$45,300.00
185179
Aug 24 02:11am
$45,200.00
51969
Aug 24 12:37am
$45,100.00
185179 ^
Aug 24 12:37am
$45,000.00
51969
Aug 24 12:37am
$45,000.00
185179 ^
Aug 24 12:36am
$44,600.00
51969
Aug 24 12:36am
$44,500.00
185179 ^
Aug 24 12:36am
$44,350.00
51969
Aug 24 12:36am
$44,250.00
185179 ^
Aug 24 12:36am
$44,100.00
51969
Aug 24 12:36am
$44,000.00
185179 ^
Aug 24 12:36am
$43,850.00
51969
Aug 24 12:36am
$43,750.00
185179 ^
Aug 24 12:35am
$43,600.00
51969
Aug 24 12:35am
$43,500.00
185179
Aug 23 11:57pm
$43,200.00
51969
Aug 23 05:34pm
$43,100.00
185868 ^
Aug 23 05:34pm
$43,000.00
51969
Aug 23 05:34pm
$43,000.00
185868 ^
Aug 23 05:33pm
$42,400.00
51969
Aug 23 05:33pm
$42,300.00
185868
Aug 23 04:01pm
$42,100.00
70826 ^
Aug 23 03:46pm
$41,600.00
51969
Aug 23 03:46pm
$41,500.00
70826 ^
Aug 23 03:45pm
$41,100.00
51969
Aug 23 03:45pm
$41,000.00
70826 ^
Aug 23 03:45pm
$40,600.00
51969
Aug 23 03:45pm
$40,500.00
70826 ^
Aug 23 03:45pm
$40,400.00
51969
Aug 23 03:45pm
$40,300.00
70826 ^
Aug 23 03:44pm
$40,200.00
51969
Aug 23 03:44pm
$40,100.00
70826 ^
Aug 23 03:44pm
$40,000.00
51969
Aug 23 03:44pm
$39,900.00
70826 ^
Aug 23 03:44pm
$39,800.00
51969
Aug 23 03:44pm
$39,700.00
70826
Aug 23 02:36pm
$39,600.00
185179
Aug 23 01:19pm
$39,200.00
51969
Aug 23 09:33am
$39,000.00
185179 ^
Aug 23 09:33am
$38,900.00
51969
Aug 23 09:33am
$38,800.00
185179
Aug 23 08:57am
$38,700.00
119254
Aug 23 07:28am
$38,600.00
51969
Aug 22 10:56pm
$38,500.00
119254
Aug 22 09:35pm
$38,400.00
107435
Aug 22 09:26pm
$38,300.00
119254
Aug 22 09:24pm
$38,200.00
107435
Aug 22 08:25pm
$38,100.00
70826 ^
Aug 22 08:23pm
$38,000.00
107435
Aug 22 08:23pm
$38,000.00
70826 ^
Aug 22 07:54pm
$37,900.00
29589
Aug 22 07:54pm
$37,800.00
70826 ^
Aug 22 07:54pm
$37,600.00
29589
Aug 22 07:54pm
$37,500.00
70826
Aug 22 05:32pm
$37,300.00
51969
Aug 22 04:09pm
$37,200.00
185179 ^
Aug 22 04:09pm
$37,100.00
51969
Aug 22 04:09pm
$37,100.00
185179
Aug 21 02:03pm
$37,000.00
177459
Aug 21 12:24pm
$36,900.00
185179 ^
Aug 21 12:23pm
$36,800.00
177459
Aug 21 12:23pm
$36,700.00
185179
Aug 19 02:06pm
$36,600.00
51969 ^
Aug 19 02:05pm
$36,500.00
185179
Aug 19 02:05pm
$36,500.00
51969
Aug 18 09:58am
$36,300.00
185179
Aug 13 03:46am
$36,200.00
177459 ^
Aug 13 03:41am
$36,100.00
185179
Aug 13 03:41am
$36,000.00
177459 ^
Aug 12 10:16pm
$35,900.00
44519
Aug 12 10:16pm
$35,800.00
177459 ^
Aug 12 10:13pm
$35,700.00
44519
Aug 12 10:13pm
$35,600.00
177459 ^
Aug 12 10:12pm
$35,500.00
44519
Aug 12 10:12pm
$35,400.00
177459
Aug 11 03:26pm
$35,300.00
48292 ^
Aug 11 03:26pm
$35,100.00
177459
Aug 11 03:26pm
$35,000.00
48292
Aug 11 10:16am
$33,600.00
185179
Aug 11 09:53am
$33,100.00
177459
Aug 11 09:15am
$32,100.00
107066
Aug 10 11:58pm
$31,100.00
48292
Aug 10 10:29pm
$30,200.00
135461 ^
Aug 08 10:16am
$28,100.00
51969
Aug 08 10:16am
$28,000.00
135461 ^
Aug 08 10:16am
$27,700.00
51969
Aug 08 10:16am
$27,600.00
135461 ^
Aug 08 10:16am
$27,500.00
51969
Aug 08 10:16am
$27,400.00
135461 ^
Aug 08 10:15am
$27,300.00
51969
Aug 08 10:15am
$27,200.00
135461 ^
Aug 08 10:15am
$27,100.00
51969
Aug 08 10:15am
$27,000.00
135461 ^
Aug 08 10:15am
$26,850.00
51969
Aug 08 10:15am
$26,750.00
135461 ^
Aug 08 10:15am
$26,600.00
51969
Aug 08 10:15am
$26,500.00
135461 ^
Aug 08 10:14am
$26,350.00
51969
Aug 08 10:14am
$26,250.00
135461 ^
Aug 08 10:14am
$26,100.00
51969
Aug 08 10:14am
$26,000.00
135461 ^
Aug 08 10:14am
$25,850.00
51969
Aug 08 10:14am
$25,750.00
135461 ^
Aug 08 10:13am
$25,600.00
51969
Aug 08 10:13am
$25,500.00
135461 ^
Aug 08 10:13am
$25,400.00
51969
Aug 08 10:13am
$25,300.00
135461
Aug 08 05:21am
$25,200.00
51969
Aug 07 10:52am
$25,100.00
34444 ^
Aug 07 10:52am
$24,100.00
51969
Aug 07 10:52am
$24,000.00
34444 ^
Aug 06 05:38pm
$22,600.00
180988
Aug 06 05:38pm
$22,500.00
34444 ^
Aug 06 03:09pm
$22,200.00
51969
Aug 06 03:09pm
$22,100.00
34444 ^
Aug 06 03:07pm
$22,000.00
51969
Aug 06 03:07pm
$21,900.00
34444 ^
Aug 06 03:07pm
$21,800.00
51969
Aug 06 03:07pm
$21,700.00
34444 ^
Aug 06 03:07pm
$21,600.00
51969
Aug 06 03:07pm
$21,500.00
34444
Aug 06 07:43am
$21,400.00
80643
Aug 05 09:38pm
$21,100.00
181269 ^
Aug 05 07:58pm
$19,000.00
27545
Aug 05 07:58pm
$18,900.00
181269 ^
Aug 05 07:57pm
$18,750.00
27545
Aug 05 07:57pm
$18,650.00
181269 ^
Aug 05 07:56pm
$18,550.00
27545
Aug 05 07:56pm
$18,450.00
181269
Aug 05 06:18pm
$18,350.00
66632 ^
Aug 05 06:00pm
$18,250.00
27545
Aug 05 06:00pm
$18,200.00
66632
Aug 05 03:42pm
$18,100.00
34444 ^
Aug 05 03:41pm
$18,000.00
66632
Aug 05 03:41pm
$17,900.00
34444
Aug 05 02:29pm
$17,600.00
161679
Aug 05 02:12pm
$12,600.00
80253 ^
Aug 05 10:18am
$12,100.00
15657
Aug 05 10:18am
$12,000.00
80253
Aug 05 08:58am
$11,200.00
27545
Aug 04 08:18pm
$11,100.00
105719 ^
Aug 04 08:17pm
$11,000.00
27545
Aug 04 08:17pm
$11,000.00
105719 ^
Aug 04 08:16pm
$10,500.00
27545
Aug 04 08:16pm
$10,400.00
105719 ^
Aug 04 08:16pm
$10,300.00
27545
Aug 04 08:16pm
$10,200.00
105719
Aug 04 07:36pm
$10,100.00
160600 ^
Aug 04 07:35pm
$10,000.00
105719
Aug 04 07:35pm
$10,000.00
160600
Aug 04 06:57pm
$9,001.00
25999 ^
Aug 04 06:57pm
$8,100.00
160600
Aug 04 06:57pm
$8,000.00
25999 ^
Aug 04 06:57pm
$7,100.00
160600
Aug 04 06:57pm
$7,000.00
25999 ^
Aug 04 06:13pm
$6,600.00
146844
Aug 04 06:13pm
$6,500.00
25999 ^
Aug 04 04:43pm
$6,200.00
11521
Aug 04 04:43pm
$6,100.00
25999
Aug 04 03:53pm
$4,075.00
161679 ^
Aug 04 02:51pm
$3,592.17
15696
Aug 04 02:51pm
$3,517.17
161679 ^
Aug 04 02:50pm
$3,092.17
15696
Aug 04 02:50pm
$3,017.17
161679 ^
Aug 04 02:50pm
$2,592.17
15696
Aug 04 02:50pm
$2,517.17
161679 ^
Aug 04 02:50pm
$2,092.17
15696
Aug 04 02:50pm
$2,017.17
161679 ^
Aug 04 02:49pm
$1,592.17
15696
Aug 04 02:49pm
$1,517.17
161679
Aug 04 02:35pm
$155.00
182354
Aug 04 02:26pm
$6.00
21499
Aug 04 02:23pm
$2.00