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VINTAGE: Most-Winning Corvette Racecar Comes To Barrett-Jackson Scottsdale Auction
The legendary 1968 L-88, among the most-powerful production-based competition cars of all time, crosses the block on Jan. 19.
Media Release  |  Posted December 11, 2012   Scottsdale, AZ
The 1968 Chevrolet Corvette L-88 Owens/Corning racecar boasts a near-perfect record in FIA GT and SCCA National racing. (Photo: Barrett-Jackson)
Built from parts to become the most victorious Corvette in history, a legendary 1968 Chevrolet Corvette L-88 racecar will cross the auction block Jan. 19 when Barrett-Jackson returns home to Scottsdale for its Jan. 13-20 collector-car auction at WestWorld.

Campaigned by Tony DeLorenzo, Jerry Thompson, Don Yenko and Gib Hufstaeder, and pushing 600 horsepower, this 1968 Chevrolet Corvette L-88 Owens/Corning racecar (Lot #5041) is among the most powerful production-based race cars of all time, with a near-perfect record in FIA GT and SCCA National racing.

The car will be sold primetime Saturday, Jan. 19, during the 5000 series of top-drawer cars that will cross the block at the pinnacle of auction excitement. The 5000 Series, which includes the elite Salon Collection, features about 50 of the world’s most sought-after, unique and valuable automobiles.

Part of Barrett-Jackson’s 5000 series of top collector cars, the L-88 will be offered during Saturday’s primetime sale. (Photo: Barrett-Jackson)
The 42nd year of Barrett-Jackson’s flagship Scottsdale auction is expected to attract hundreds of thousands of spectators and collectors from all around the world. The world-class automotive lifestyle event features more than 1,000 classics, exotics, muscle cars, hot rods, resto-mods and contemporary collectibles, the vast majority of them crossing the auction block at no reserve.

SPEED will broadcast nearly 40 hours of live, high-definition TV coverage of the Barrett-Jackson auction action from January 15 through 20.

The Corvette L-88 race car is another rare find and a historic showpiece for Barrett-Jackson, said Craig Jackson, chairman and CEO.

“I’ve been in this business a long time, and have found that every year, there’s a vehicle or two that really strikes a chord with collectors across the board,” said Craig Jackson, Barrett-Jackson chairman and CEO. “This vehicle is proving to be one of those cars, and is a true desired centerpiece for any discerning race car enthusiast’s private collection.”

Lorenzo and Thompson, the primary drivers for the Owens/Corning team, racked up a remarkable record of victories in this stunning vehicle, including wins at the 1969 and 1972 SCCA National A Production Championships, second place in GT at the 1969 12 Hours of Sebring endurance race, and 1969 and 1970 GT class wins in the 24 Hours of Daytona race in Daytona Beach, Florida.

The Corvette L-88 and its similar teammate car won 22 of 22 SCCA/FIA National Events from 1969 to 1971. (Photo: Barrett-Jackson archive)
This car, along with its team car, secured victory at 22 of 22 SCCA/FIA National Events from 1969 to 1971, with the 1968 L-88 at auction winning 12 of the events.

No stranger to the limelight, this vehicle has graced the cover of Vintage Motorsports issue of September 2008 issue, and L-88s: Corvette Racing Legend, the definitive book on L-88s by Peter Gimenez. The car also was featured in the March 2010 “Winning Streak” article in Corvette News.

It has racked up a plethora of honors and accolades, including the American Heritage Award 2007, the highest award for non-street Corvettes by the National Corvette Restorers Society. This L-88 has held center stage at numerous high-profile automotive events, including the 50th Anniversary of Corvette celebration at Pebble Beach in 2002, and the Amelia Island Concours in March 2008.

Later that year, it was part of a special display of Sebring racecars at the Quail Motorsports event in Monterey, Calif., and a featured part of the Corvette Racing Tribute at the famed Peterson Automotive Museum in Los Angeles. It was also the featured vehicle at the Corvette Hall of Fame in 2009 at the National Corvette Museum.

“In addition to its unmatched history of racing success, this vehicle includes exhaustive documentation, which can be rare on Corvette models,” said Steve Davis, Barrett-Jackson president. “We anticipate that the auction of one of the most significant Corvette racecars in existence will be among the highlights of Barrett-Jackson Scottsdale this year.”

For more information about Barrett-Jackson and to purchase tickets to the Scottsdale auction, visit www.barrett-jackson.com or call (480) 421-6694.
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