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There were just 80 Corvettes with the L88 produced in 1968. The new 427-cubic inch L88 V-8 was an outgrowth of the 'big block' Mark IV engine program first introduced in the form of a 396-cubic inch V-8 in 1965. GM had declared that no car line smaller than its full-size lineup should carry an engine larger than 400 cubic inches, including the Corvette. The 396 V8 was just under that limit, so it replaced the fuel-injected 327 in the Corvette as the top offering. It was dubbed the L78 and offered 425 horsepower. Some 2,157 interested buyers paid the additional $292.70 for the powerplant.
When Carroll Shelby began installing Ford's 427 cubic-inch V8 in the Cobra, Chevrolet engineers responded. Chevrolet's answer was their own 427 V-8 for 1966. It was basically a 396 with a larger 4.25 bore, an 11:1 compression ratio, and an advertised 425 horsepower.
For 1967, Chevrolet introduced the L71, a 427 cubic-inch unit with a trio of progressively linked two-barrel carburetors producing 435 horsepower. Some 3,754 buyers paid $437.10 for the option. Engineers still wanted more and offered the L89, this time with aluminum heads for the L71. Only 16 buyers chose the L89 at an additional cost of $368.65 over the L71.
Next came the RPO L88, which was once again based on the 427, but with a 12.5:1 compression ratio and a single Holley four-barrel carburetor. The engine rode on 103 high-octane fuel. Some sources stated the engine offered 560 horsepower. The cost for the new engine was expensive, selling for $947.94. The engine required mandatory options, and the radio and heater were deleted in order 'to cut down on weight and discourage the car's use on the street,' according to a press release at the time. In total, just 20 buyers purchased the engine.
The L88 returned for 1968 and 80 examples were sold. Zero-to-sixty mph took just 4.2 seconds and barely 8.0 seconds to 100 mph. The L88 returned for a final time in 1969, where 116 buyers opted for this mechanical marvel.
This example was ordered through Paulos Auto Company, a Chevrolet-Oldsmobile dealer in Magna, Utah on November 15, 1967. The first owner was Carl Schettler, of Salt Lake City. It was a college graduation gift from his father. Schettler specified a Rally Red exterior and black interior, along with the L88 engine. Accompanying the car was the M22 'rock crusher' four-speed manual transmission, the J50/56 heavy-duty power four-wheel disc brakes, a G81 4:11 posi-traction rear, the F41 special purpose suspension, an N11 off-road exhaust, and a transistorized ignition. The final cost for this Corvette was $5,589.
Schettler's college friend, Dr. William Hagabush, purchased the car from him in 1971. Schettler got the car back from Hagabush sometime between 1973 and 1974. A year later, it was purchased by Rick Reynolds, of Juneau, Alaska. Ownership later passed through two more Alaskan owners until it passed to Bob Fattore in 1987, who sold the car to Mike Vietro. The current owners acquired the car in 2008.
The car participated in the 1988 Bloomington Special Collection, where it was judged 99.0 points out of 100, as well as the 2010 Bloomington L88 Invasion. NCRS documentation from October 23, 2012 verifies the authenticity of the tank sticker. It is both Bloomington Gold certified and the recipient of an NCRS Top Flight Award from the 1988 Western Regionals in August 1988.
The car is one of just 216 L88 Corvettes produced from 1967 through 1969 and one of the few L88s to retain its original engine. It is finished in red exterior with black interior and was restored to original condition in 1987. It is one of only four built in 1988, painted Rally Red.
In 2013, the car was offered for sale at RM Auction's sale in Scottsdale, Arizona. Bidding reached $420,000 but was not enough to satisfy the vehicle's reserve. It would leave the auction unsold.By Daniel Vaughan | Feb 2013
When Carroll Shelby began installing Ford's 427 cubic-inch V8 in the Cobra, Chevrolet engineers responded. Chevrolet's answer was their own 427 V-8 for 1966. It was basically a 396 with a larger 4.25 bore, an 11:1 compression ratio, and an advertised 425 horsepower.
For 1967, Chevrolet introduced the L71, a 427 cubic-inch unit with a trio of progressively linked two-barrel carburetors producing 435 horsepower. Some 3,754 buyers paid $437.10 for the option. Engineers still wanted more and offered the L89, this time with aluminum heads for the L71. Only 16 buyers chose the L89 at an additional cost of $368.65 over the L71.
Next came the RPO L88, which was once again based on the 427, but with a 12.5:1 compression ratio and a single Holley four-barrel carburetor. The engine rode on 103 high-octane fuel. Some sources stated the engine offered 560 horsepower. The cost for the new engine was expensive, selling for $947.94. The engine required mandatory options, and the radio and heater were deleted in order 'to cut down on weight and discourage the car's use on the street,' according to a press release at the time. In total, just 20 buyers purchased the engine.
The L88 returned for 1968 and 80 examples were sold. Zero-to-sixty mph took just 4.2 seconds and barely 8.0 seconds to 100 mph. The L88 returned for a final time in 1969, where 116 buyers opted for this mechanical marvel.
This example was ordered through Paulos Auto Company, a Chevrolet-Oldsmobile dealer in Magna, Utah on November 15, 1967. The first owner was Carl Schettler, of Salt Lake City. It was a college graduation gift from his father. Schettler specified a Rally Red exterior and black interior, along with the L88 engine. Accompanying the car was the M22 'rock crusher' four-speed manual transmission, the J50/56 heavy-duty power four-wheel disc brakes, a G81 4:11 posi-traction rear, the F41 special purpose suspension, an N11 off-road exhaust, and a transistorized ignition. The final cost for this Corvette was $5,589.
Schettler's college friend, Dr. William Hagabush, purchased the car from him in 1971. Schettler got the car back from Hagabush sometime between 1973 and 1974. A year later, it was purchased by Rick Reynolds, of Juneau, Alaska. Ownership later passed through two more Alaskan owners until it passed to Bob Fattore in 1987, who sold the car to Mike Vietro. The current owners acquired the car in 2008.
The car participated in the 1988 Bloomington Special Collection, where it was judged 99.0 points out of 100, as well as the 2010 Bloomington L88 Invasion. NCRS documentation from October 23, 2012 verifies the authenticity of the tank sticker. It is both Bloomington Gold certified and the recipient of an NCRS Top Flight Award from the 1988 Western Regionals in August 1988.
The car is one of just 216 L88 Corvettes produced from 1967 through 1969 and one of the few L88s to retain its original engine. It is finished in red exterior with black interior and was restored to original condition in 1987. It is one of only four built in 1988, painted Rally Red.
In 2013, the car was offered for sale at RM Auction's sale in Scottsdale, Arizona. Bidding reached $420,000 but was not enough to satisfy the vehicle's reserve. It would leave the auction unsold.By Daniel Vaughan | Feb 2013
2013 RM Auctions - Arizona
Pre-Auction Estimates :
USD $450,000-USD $550,000
High Bid (Lot was not sold)
USD $420,000
1968 Chevrolet Corvette C3 Auction Sales
Recent Sales of the Chevrolet Corvette C3
(Data based on Model Year 1968 sales)
1968 CHEVROLET CORVETTE CUSTOM CONVERTIBLE Chassis#: 194678S418369 Sold for USD$220,000 2024 Barrett-Jackson : Palm Beach | |
1968 CHEVROLET CORVETTE 427/390 CONVERTIBLE Chassis#: 194678S407410 Sold for USD$42,900 2024 Barrett-Jackson : Palm Beach | |
1968 Chevrolet Corvette Convertible Chassis#: 194678s402440 Sold for USD$37,400 2024 Mecum : Houston | |
1968 CHEVROLET CORVETTE 427/390 Chassis#: 194378S416367 Sold for USD$66,000 2024 Barrett-Jackson : Scottsdale AZ | |
1968 CHEVROLET CORVETTE 327/350 CONVERTIBLE Chassis#: 194678S418063 Sold for USD$33,000 2024 Barrett-Jackson : Scottsdale AZ | |
1968 Chevrolet Corvette Coupe Chassis#: 194378s417787 Sold for USD$143,000 2024 Mecum : Kissimmee | |
1968 Chevrolet Corvette Convertible Chassis#: 194678s404517 Sold for USD$13,750 2024 Mecum : Kissimmee | |
1968 Chevrolet Corvette Coupe Chassis#: 194378s415519 Sold for USD$58,300 2024 Mecum : Kissimmee | |
1968 Chevrolet Corvette Coupe Chassis#: 194378s427015 Sold for USD$55,000 2024 Mecum : Kissimmee | |
1968 Chevrolet Corvette Coupe Chassis#: 194378s421291 Sold for USD$69,300 2024 Mecum : Kissimmee | |
1968 Chevrolet Corvette L89 Convertible Chassis#: 194678s404485 Sold for USD$209,000 2024 Mecum : Kissimmee | |
1968 Chevrolet Corvette Coupe Chassis#: 194378s424003 Sold for USD$22,000 2023 Mecum : Kansas City | |
1968 Chevrolet Corvette Coupe Chassis#: 194378s412994 Sold for USD$26,400 2023 Mecum : Kansas City | |
1968 Chevrolet Corvette Convertible Chassis#: 194678s407154 Sold for USD$96,250 2023 Mecum : Kansas City | |
1968 CHEVROLET CORVETTE 427/435 Chassis#: 194378S416071 Sold for USD$80,300 2023 Barrett-Jackson : New Orleans | |
1968 CHEVROLET CORVETTE CUSTOM CONVERTIBLE Chassis#: 194678S427700 Sold for USD$22,000 2023 Barrett-Jackson : New Orleans | |
1968 Chevrolet Corvette Greenwood Convertible Chassis#: 194678s425524 Sold for USD$22,000 2023 Mecum : Dallas | |
1968 Chevrolet Corvette Coupe Chassis#: 194378s416903 Sold for USD$38,500 2023 Mecum : Dallas | |
1968 Chevrolet Corvette Convertible Chassis#: 194678s417936 Sold for USD$33,000 2023 Mecum : Dallas | |
1968 Chevrolet Corvette L88 Clone Sold for USD$47,040 2023 Worldwide Auctioneers : The Auburn Auction |
Chevrolet Corvette C3s That Failed To Sell At Auction
1968 Chevrolet Corvette C3's that have appeared at auction but did not sell.
Vehicle | Chassis | Event | High Bid | Est. Low | Est. High |
---|---|---|---|---|---|
1968 Chevrolet Corvette Convertible | 194678s421874 | 2024 Mecum : Glendale | $40,000 | $100,000 | $125,000 |
1968 Chevrolet Corvette Convertible | 194678s424748 | 2024 Mecum : Kissimmee | $80,000 | ||
1968 Chevrolet Corvette Convertible | 194678s421874 | 2024 Mecum : Kissimmee | $60,000 | ||
1968 Chevrolet Corvette Coupe | 194378s420658 | 2024 Mecum : Kissimmee | $20,000 | ||
1968 Chevrolet Corvette Convertible | 194678s414050 | 2023 Mecum : Dallas | $50,000 | ||
1968 Chevrolet Corvette Convertible | 194678s413417 | 2023 Mecum : Dallas | $70,000 | ||
1968 Chevrolet Corvette Coupe | 194378s420236 | 2023 Mecum : Indy | $85,000 | ||
1968 Chevrolet Corvette Coupe | 194378s421291 | 2023 Mecum : Indy | $50,000 | $80,000 | $100,000 |
1968 Chevrolet Corvette Convertible | 194678s420359 | 2023 Mecum : Indy | $115,000 | $145,000 | $175,000 |
1968 Chevrolet Corvette Convertible | 194678s418965 | 2023 Mecum : Houston | $44,000 | ||
1968 Chevrolet Corvette Convertible | 194678s413417 | 2023 Mecum : Houston | $71,500 | ||
1968 Chevrolet Corvette Pro Street | 2023 Mecum : Glendale | $37,000 | |||
1968 Chevrolet Corvette Convertible | 2023 Mecum : Glendale | $27,000 | |||
1968 Chevrolet Corvette L88 Convertible with Hardtop Sunray-DX Racer | 194678S402351 | 2023 Bonhams : Amelia Island Auction | $400,000 | $600,000 | |
1968 Chevrolet Corvette Coupe | 2023 Mecum : Kissimmee | $25,000 | |||
1968 Chevrolet Corvette Coupe | 2022 Mecum : Kansas City | $66,000 | |||
1968 Chevrolet Corvette Convertible | 2022 Mecum : Kansas City | ||||
1968 Chevrolet Corvette Coupe | 2022 Mecum : Chicago | $30,000 | |||
1968 Chevrolet Corvette Convertible | 2022 Mecum : Chicago | $30,000 | |||
1968 Chevrolet Corvette | 2022 Fall Carlisle Auction | ||||
1968 Chevrolet Corvette | 2022 Fall Carlisle Auction | ||||
1968 Chevrolet Corvette Coupe | 2022 Mecum : Harrisburg | $16,000 | |||
1968 Chevrolet Corvette Convertible | 2022 Mecum : Harrisburg | $35,000 | |||
1968 Chevrolet Corvette Convertible | 2022 Mecum : Orlando | ||||
1968 Chevrolet Corvette Coupe | 2022 Mecum Indy | $50,000 | |||
1968 Chevrolet Corvette | 2022 Carlisle Auctions : Spring Carlisle | ||||
1968 Chevrolet Corvette L89 Convertible | 2022 Mecum : Kissimmee | $110,000 | |||
1968 Chevrolet Corvette Convertible | 2022 Mecum : Kissimmee | $39,000 | |||
1968 Chevrolet Corvette Convertible | 2021 Mecum : Chicago | $47,000 | |||
1968 Chevrolet Corvette Coupe | 2021 Mecum : Chicago | $26,000 |
Vehicles With Comparable Market Values
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1956 OLDSMOBILE 98 STARFIRE CONVERTIBLE Chassis#:569W2919 Sold for $56,100 2024 Barrett-Jackson : Palm Beach | |
1970 CHEVROLET C10 CUSTOM PICKUP Chassis#:CS1401114667 Sold for $56,100 2024 Barrett-Jackson : Palm Beach | |
1955 CHEVROLET 3100 CUSTOM PICKUP Chassis#:VH255L009734 Sold for $56,100 2024 Barrett-Jackson : Palm Beach | |
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2022 FORD F-150 XL CUSTOM PICKUP Chassis#:1FTMF1C59NKF26801 Sold for $56,100 2024 Barrett-Jackson : Palm Beach | |
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1963 Chevrolet Nova Convertible Chassis#:30467w115758 Sold for $56,100 2024 Mecum : Houston | |
1977 Ford Bronco Chassis#:u15glx80882 Sold for $56,100 2024 Mecum : Glendale | |
1978 Porsche 928 Chassis#:9288200259 Sold for $56,000 2024 Broad Arrow Auctions : Amelia | |
1974 LAVERDA 750 SFC Chassis#:LAV.C1 *16732* Sold for $56,000 2024 Gooding : Amelia Island Concours | |
1957 Ford Thunderbird 'E-Code' Chassis#:E7FH334671 Sold for $56,000 2024 Bonhams : Amelia Island Auction | |
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2008 BENTLEY CONTINENTAL GT CONVERTIBLE Chassis#:SCBDR33W78C054224 Sold for $56,100 2024 Barrett-Jackson : Scottsdale AZ | |
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1968 Chevrolet Corvette C3
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