World's Most Expensive 1967 Chevrolet Corvette Is Up for Grabs Again, Worth Millions

The coupe returned on the auction block exactly ten years later, selling for $3.2 million. In 2025, it went under the hammer three times, but failed to sell. The C2 is now available again.

The rare second-generation Corvette will hit the auction block at Mecum's Kissimmee 2026 auction in January. It's one of the stars of the coveted event thanks to its low production number, highly desirable engine, and unique color combination.

1967 was the first year for the short-lived L88 engine. The latter was a pure racing engine. It displaced 427 cubic inches (7.0 liters), identical to the L72 and L89, but featured lightweight heads, bigger ports, a hotter camshaft, and a small-diameter flywheel. The compression ratio was 12.5:1. The engine required 103-octane racing fuel to run and was officially rated at 430 horsepower.

Although it was slightly less potent than the Tri-Power version on paper, the L88 was reportedly capable of delivering over 500 horsepower. Unsurprisingly, Chevrolet asked a lot of dough for the powerplant, which added a 35% premium to the standard 1967 Corvette sticker price. As a result, the company sold only 20 units, making the 1967 L88 one of the rarest Corvettes ever produced. 

How many of them are still around? Well, most experts estimate that only ten have survived. Of those, six have appeared at public auctions in recent years, selling for sums ranging from $1.65 million to $3.85 million. Yup, the 1967 Corvette L88 is a genuine seven-figure classic, an achievement very few Corvettes can brag about.

The example we see here changed hands for over $3 million twice. It fetched the record $3.85 million in 2014 and then sold for $3.2 million ten years later. These prices are far from surprising, given that this Corvette is the only known example in Rally Red over red, and that it's highly original (including the numbers-matching drivetrain). It also boasts a long list of awards and trophies.

But despite all these feats, it has failed to find a new home three times throughout 2025. In January 2025, it rolled off the Kissimmee stage with a $2.5 million high bid. Four months later, it remained unsold despite a high bid of $2.7 million.

Finally, it went under the hammer at Monterey in August, when bidding stopped at $2.6 million. Of course, it did not sell because the owner had set a higher reserve price. Needless to say, he's probably looking to get at least $3 million.

So, will the fourth time be the charm? Well, it's tough to say in this volatile market, but we can't fault the owner for trying. However, maybe the reserve will be lower this time around, and the Corvette will find a new home. However, if it does, it's unlikely to surpass its $3.85 million record from 2014.

By the way, in addition to being the most expensive C2 Corvette, this coupe is also the second most expensive Corvette of all time. In February 2025, it was surpassed by the 1957 SS XP-64—the one-off, race-spec concept sold for a whopping $7.7 million.

The L88 will go under the hammer on January 17, and I will be back to report the result. Meanwhile, you can see it sell for $3.2 million ($3.5 million including fees) in 2024 in the video below.