1959 Chevrolet Corvette C1 Convertible / J59S104283 Chassis Information

1959 Chevrolet Corvette C1 photograph

1959 Chevrolet Corvette C1 photograph

1959 Chevrolet Corvette C1 photograph

1959 Chevrolet Corvette C1 photograph

1959 Chevrolet Corvette C1 photograph

1959 Chevrolet Corvette C1 photograph

1959 Chevrolet Corvette C1 photograph

1959 Chevrolet Corvette C1 photograph

1959 Chevrolet Corvette C1 photograph

1959 Chevrolet Corvette C1 photograph

1959 Chevrolet Corvette C1 photograph

1959 Chevrolet Corvette C1 photograph

1959 Chevrolet Corvette C11959 Chevrolet Corvette C11959 Chevrolet Corvette C11959 Chevrolet Corvette C11959 Chevrolet Corvette C11959 Chevrolet Corvette C11959 Chevrolet Corvette C11959 Chevrolet Corvette C11959 Chevrolet Corvette C11959 Chevrolet Corvette C11959 Chevrolet Corvette C11959 Chevrolet Corvette C1
Convertible
Chassis #: J59S104283
Sold for $275,000 at 2008 Automobiles of Amelia Island, RM Auctions.
High bid of $130,000 at 2011 RM Auctions at Monterey. (did not sell)
During the 1920s, Bill Mitchell was doing advertising work where he was exposed to road racing by the Collier brothers. This early racing influence that would foster throughout the years would be used in perfecting the Chevrolet Corvette. Between Zora Arkus-Duntov and Mitchell, the Corvette would evolve into an icon and racing legend.

There was an AMA (Automobile Manufacturer's Association) racing ban in 1957, which meant GM pulled out of competition at that time. Duntov was able to find a loophole and kept high-performance parts readily available on the Corvette. Improvements were made to the small-block V8 engine resulting in an increase in horsepower. The result was a very versatile machine that could be ordered for street use or for racing.

A few years later, in 1959, Gary Laughlin, Jim Hall and Carroll Shelby were planning to build a competition car that could challenge the Ferrari 250 Testarossa and 250 SWB Berlinetta. The Corvette chassis and 'fuelie' powerplant were chosen and it was sent to Scaglietti for its bodywork. This infuriated Enzo Ferrari, as Ferrari had used Scaglietti on several occasions for bodywork on his cars. He was not excited about his competition using one of his coachbuilders. The Italian coachbuilder worked two years on the project, creating a total of three lightweight alloy coupe bodies similar to the Ferrari 250 GT 'Tour de France.'

Harley Earl and Ed Cole had approved the project, but it was rejected by GM's upper management. The two-year construction time and rejection by GM had Shelby frustrated, but undaunted, and would later create the legendary Cobra.

Though the Scaglietti Corvette project was unsuccessful, the Corvette's would enjoy much success. They were very dominant in SCCA racing during the 1959 season, with Jim Jeffords winning the SCCA B Production points Championship. The car he drove was known as the People Eater MK III. Encouraged, plans were made for the 1960 season to contest the 24 Hours of LeMans and the FIA Championship.

Among the Corvette construction projects that occurred during the close of the 1950s was this Fuel Injected Competition Convertible. Resting under hood is the 290 horsepower, 283 cubic-inch fuel-injected V8 engine mated to a four-speed manual gearbox. There is a Positraction rear axle, heavy-duty brakes, and upgraded suspension. Anyone who had $5,227.65 (including freight) was able to purchase this sports car in 1959. All that was needed were a few minor modifications, such as safety considerations, and this car was ready for racing.

Gene Cormany was the first owner of this car. He was the VP of Engineering for Zollner Corporation which specialized in automotive pistons. Cormany used this car in competition in the Midwest during the 1959 and 1960 season. He had twelve top-three finishes and outright victories on four of 22 events.

Ownership later passed to Roland Gorman and then to Dale Pearman. While in Pearman's care, the car was treated to a restoration. During the restoration, Pearman met Mike Ernst, an NCRS member and Corvette expert. Ernst had an original engine and fuel injection unit from the first Scaglietti-bodied Corvette. In early 1989, Pearman purchased this engine and fuel-injection system and fitted it this car.

In 2004, the current owner purchased this car, which was still in the process of being restored. It was sent to a professional restoration shop where the restoration was completed over a three-year period.

In 2007 it was brought to the Newport Concours d'Elegance where it won 'Best Sports Car' and later won the NCRS Heritage Award.

The car has traveled 90,366 miles since leaving the showroom floor many years ago. It is painted in the original black with a red interior. It has a bolt-in roll bar, steel wheels with Goodyear Super Cushion tires, full-width cut down windscreen, a stock windshield, windshield wipers, and white convertible top.

In 2007 it was brought to the Bonhams Auction, An Important Sale of Collectors' Motorcars and Automobilia, held at the Quail Lodge Resort & Golf Club in Carmel, California. The lot was estimated to sell for $400,000 - 450,000 but failed to sell at auction.

In 2008 the car was brought to the Automobiles of Amelia presented by RM Auctions where it was estimated to sell for $300,000 - $350,000. The cost of the restoration, the racing history, and its engine support the high estimates. At auction, those estimates were nearly reached, as a high bid of $275,000 including buyer's premium was enough to secure new ownership. The lot was sold.


By Daniel Vaughan | Apr 2008


2011 RM Auctions at Monterey

Pre-Auction Estimates :
$175,000-$225,000 
High Bid (Lot was not sold)
$130,000

2008 Automobiles of Amelia Island, RM Auctions

Pre-Auction Estimates :
$300,000-$350,000 
Sale Price :
$275,000

2007 Bonhams, An Important Sale of Collectors' Motorcars and Automobilia

Pre-Auction Estimates :
$400,000-$450,000 
Lot was not sold

2019 18
2018 15
2017 20
2016 15
2015 13
2014 22
2013 38
2012 12
2011 21
2010 21

YearAvg. SaleHigh Sale# of Sales
2019$102,375$275,00018
2018$89,533$137,50015
2017$88,568$220,00020
2016$83,970$132,00015
2015$82,765$165,00013
2014$87,734$211,20022
2013$78,150$154,00038
2012$91,708$203,50012
2011$87,868$253,00021
2010$75,360$132,00021

Recent Sales

(Data based on Model Year 1959 sales)
1959 Chevrolet Corvette Drag Car
Sold for $37,400
  2019 Mecum : Indianpolis
 
1959 Chevrolet Corvette Convertible
Sold for $33,550
  2019 Mecum : Indianpolis
 
1959 Chevrolet Corvette Convertible
Sold for $99,000
  2019 Mecum : Houston
 
1959 Chevrolet Corvette
Chassis#: J59S101759
Sold for $64,900
  2019 RM Sothebys : Fort Lauderdale
 
1959 CHEVROLET CORVETTE
Sold for $54,600
  2019 McCormick's - # 66
 
1959 Chevrolet Corvette
Chassis#: J59S100875
Sold for $67,200
  2019 Bonhams : Scottsdale Arizona
 
1959 Chevrolet Corvette Convertible
Sold for $85,800
  2019 Russo & Steele : Scottsdale
 
1959 CHEVROLET CORVETTE CONVERTIBLE
Chassis#: J59S105294
Sold for $84,700
  2019 Barrett-Jackson : Scottsdale, Az.
 
1959 CHEVROLET CORVETTE CONVERTIBLE
Chassis#: J59S104722
Sold for $58,300
  2019 Barrett-Jackson : Scottsdale, Az.
 
1959 CHEVROLET CORVETTE CUSTOM CONVERTIBLE
Chassis#: J59S107928
Sold for $275,000
  2019 Barrett-Jackson : Scottsdale, Az.
 
1959 CHEVROLET CORVETTE CUSTOM CONVERTIBLE
Chassis#: J59S108222
Sold for $138,600
  2019 Barrett-Jackson : Scottsdale, Az.
 
1959 CHEVROLET CORVETTE CUSTOM CONVERTIBLE
Chassis#: *NB101653
Sold for $220,000
  2019 Barrett-Jackson : Scottsdale, Az.
 
1959 CHEVROLET CORVETTE CUSTOM CONVERTIBLE
Chassis#: *J59S103729
Sold for $165,000
  2019 Barrett-Jackson : Scottsdale, Az.
 
1959 Chevrolet Corvette Convertible
Sold for $90,750
  2019 Mecum : Kissimmee
 
1959 Chevrolet Corvette Convertible
Sold for $44,000
  2019 Mecum : Kissimmee
 
1959 Chevrolet Corvette Convertible
Sold for $167,200
  2019 Mecum : Kissimmee
 
1959 Chevrolet Corvette Convertible
Sold for $104,500
  2019 Mecum : Kissimmee
 
1959 Chevrolet Corvette Convertible
Sold for $52,250
  2019 Mecum : Kissimmee
 
1959 Chevrolet Corvette
Chassis#: J59S101875
Sold for $82,000
  2018 RM Auctions : Auburn Fall
 
1959 Chevrolet Corvette
Chassis#: J59S103828
Sold for $80,640
  2018 Bonhams : Quail Lodge
1959 Chevrolet Corvette C1 image  1959 Chevrolet Corvette C1 image  

Vehicles That Failed To Sell

1959 Chevrolet Corvette C1's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1959 Chevrolet Corvette Convertible 2019 Mecum : Indianpolis$50,000$70,000$90,000
1959 Chevrolet Corvette Convertible 2019 Mecum : Indianpolis$95,000$90,000$110,000
1959 Chevrolet Corvette Convertible 2019 Mecum : Indianpolis$45,000  
1959 Chevrolet Corvette Convertible 2019 Mecum : Phoenix Auction$45,000  
1959 Chevrolet Corvette ConvertibleJ59S1014782018 Mecum : Monterey$55,000$80,000$100,000
1959 Chevrolet Corvette ConvertibleJ59S1055212018 Mecum : Monterey$72,000$95,000$110,000
1959 Chevrolet Corvette C1 RoadsterJ 59S1021672018 Coys : Schloss Dyck $79,000$85,000
1959 Chevrolet Corvette 2018 Leake Tulsa$67,000  
1959 Chevrolet Corvette Convertible 2018 Mecum : Indianapolis$100,000  
1959 CHEVROLET CORVETTE RESTOMOD CONVERTIBLEJ59S1079942018 Premier Auction Group$98,000  
1959 Chevrolet Corvette 2018 GAA : Spring Sale$105,000  
1959 CHEVROLET CORVETTE CVTBLE 2018 McCormick's Auction # 64$61,000  
1959 Chevrolet Corvette ConvertibleJ59S1038282018 Mecum : Los Angeles$75,000  
1959 Chevrolet Corvette ConvertibleJ59S1038282018 Mecum : Los Angeles$75,000  
1959 Chevrolet Corvette Convertible 2018 Mecum : Kissimmee   
1959 Chevrolet Corvette Convertible 2018 Mecum : Kissimmee$100,000  
1959 Chevrolet Corvette Convertible 2018 Mecum : Kissimmee$110,000  
1959 CHEVROLET CORVETTE CONVERTIBLE 2017 McCormick's Auction # 63$65,000  
1959 Chevrolet Corvette Convertible 2017 Mecum : Las Vegas$60,000  
1959 Chevrolet Corvette Convertible 2017 Mecum : Las Vegas$80,000  
1959 Chevrolet Corvette Convertible 2017 Mecum : Houston   
1959 Chevrolet Corvette Convertible 2017 Mecum : Kansas City$70,000  
1959 Chevrolet Corvette ConvertibleJ59S1008742017 Mecum : Los Angeles$47,000  
1959 Chevrolet Corvette 2017 Silver Auction Arizona in January 2017$76,000  
1959 Chevrolet Corvette Convertible 2016 Auctions America : Auburn Fall$80,000$95,000$105,000
1959 CHEVROLET CORVETTE 2016 Leake Auction : Oklahoma City$50,000  
1959 Chevrolet Corvette 283/270 Roadster 2016 Russo & Steele : Arizona   
1959 Chevrolet Corvette 2015 Carlisle Auctions Fall Auction   
1959 Chevrolet Corvette 2015 Carlisle Auctions Fall Auction   
1959 CHEVROLET CORVETTE CONVERTIBLE 2015 Mecum Dallas$65,000  

Comparables

Similar sales to the $86,207 range.
2004 Toyota TF104B Formula 1 Monoposto
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1965 Chevrolet Corvette Coupe
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2019 Mecum : Indianpolis
1957 Chevrolet Bel Air Convertible
Sold for $85,800
2019 Mecum : Indianpolis
1932 Auburn Eight Custom Cabriolet
Chassis#:Chassis#:9443
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1969 CHEVROLET CAMARO RS CUSTOM COUPE
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1967 CHEVROLET CAMARO CUSTOM COUPE
Chassis#:Chassis#:124377L129693
Sold for $86,900
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1967 Chevrolet Corvette Convertible
Sold for $86,900
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2003 Aston Martin Vanquish
Sold for $86,900
2019 Mecum : Phoenix Auction
1987 Ferrari 328 GTS
Sold for $86,900
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1955 Chevrolet Bel Air Convertible
Sold for $85,800
2019 Mecum : Phoenix Auction
2010 Ferrari California Convertible
Sold for $86,900
2019 Mecum : Phoenix Auction
1988 Ferrari Testarossa
Chassis#:Chassis#:ZFFSG17AXJ0076899
Sold for $86,800
2019 Bonhams : Scottsdale Arizona
1983 Toyota FJ45 'Troopy'
Chassis#:Chassis#:FJ45941877
Sold for $86,800
2019 Bonhams : Scottsdale Arizona
1959 Chevrolet Corvette Convertible
Sold for $85,800
2019 Russo & Steele : Scottsdale
2010 DODGE VIPER SRT/10 FINAL EDITION
Chassis#:Chassis#:1B3AZ6JZXAV100428
Sold for $86,900
2019 Barrett-Jackson : Scottsdale, Az.
1965 CHEVROLET CORVETTE 327/375 FUELIE CONVERTIBLE
Chassis#:Chassis#:194675S101329
Sold for $85,800
2019 Barrett-Jackson : Scottsdale, Az.

Vehicle Profiles

Chassis information for the Chevrolet Corvette C11954 Roadster
Engine Num: 0273609F54YG
Chassis information for the Chevrolet Corvette C11954 Roadster
Chassis Num: E54S001010
Engine Num: 3835911-0057980F54YG
Chassis information for the Chevrolet Corvette C11954 Roadster
Chassis Num: E54S004221
Engine Num: 0769197F54YG
Chassis information for the Chevrolet Corvette C11956 Convertible
Chassis Num: E56S002548
Engine Num: 04355082F56GR
Chassis information for the Chevrolet Corvette C11956 Convertible
Chassis Num: E56S003291
Engine Num: 0525707F56GV
Chassis information for the Chevrolet Corvette C11957 Roadster
Chassis Num: 1240
Chassis information for the Chevrolet Corvette C11957 Roadster
Chassis Num: 6338
Chassis information for the Chevrolet Corvette C11957 Roadster
Chassis Num: E57S 105176
Engine Num: F612EL
Chassis information for the Chevrolet Corvette C11957 Roadster
Chassis Num: E57S 105626
Engine Num: F424 EG VC
Chassis information for the Chevrolet Corvette C11960 Convertible
Chassis Num: 00867S 100662
Engine Num: FO802CU
Chassis information for the Chevrolet Corvette C11960 Convertible
Chassis Num: 00867S 103675
Engine Num: T0919D
Chassis information for the Chevrolet Corvette C11960 Convertible
Chassis Num: 00867S108726
Engine Num: 3756519
Chassis information for the Chevrolet Corvette C11961 Convertible
Chassis Num: 10867S105619
Engine Num: 1105619

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