LOT 98

Offered from the Philip Reed Collection 1977 Chevrolet Corvette L82 Coupe Chassis no. 1Z37X7S440892

Sold for US$14,560 inc. premiumLot to be sold without reserve

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Lot 98

Offered from the Philip Reed Collection
1977 Chevrolet Corvette L82 Coupe

The Scottsdale Auction|16 January 2020, 11:00 MST|Scottsdale, The Westin Kierland Resort & Spa

Offered from the Philip Reed Collection
1977 Chevrolet Corvette L82 Coupe
Chassis no. 1Z37X7S440892

350ci OHV V8 Engine
Single Four-Barrel Carburetor
210bhp at 5,000rpm
3-Speed Automatic Transmission
Fully independent Front and Rear Suspension
4-Wheel Disc Brakes

*Presented as a gift to the consigner from A.J. Foyt
*Extremely well preserved Corvette
*Attractive double red color scheme
*One owner from new

THE CORVETTE

Back in 1953, Chevrolet's launch of a two-seater sportscar was a radical departure for a marque hitherto associated almost exclusively with sensible family transport. Motive power came from Chevrolet's 235.5cu in (3.8-liter) overhead-valve straight six and, unusually for a sportscar, there was automatic transmission, a feature that attracted much adverse criticism at the time. A V8 engine for 1955 and a radical restyle for '56 consolidated the 'Vette's position in the market, the model going on to become the world's best-selling and longest-lived sportscar.

The heavily revised Corvette Sting Ray arrived in 1963 sporting a totally new ladder-type chassis, and for the first time there was a Gran Turismo coupe in the range. Four years later a slight change of model name ushered in the totally restyled 'Stingray'. New for '68, the Stingray became a 'notchback' coupé with removable rear window and detachable two-piece Targa-type roof, while the convertible version could be ordered with optional hardtop. Restyled and improved annually, the Corvette in this form lasted well into the 1980s (by this time the 'Stingray' name had been dropped) being replaced for '84 by the sixth generation of America's classic sportscar.

THE MOTORCAR OFFERED

Dating from the Corvette's first year without the 'Stingray' title, this superb example has the optional high-performance 'L82' engine that delivered 210bhp, an increase of 30 horsepower over the base version. The car originally came into the consigner's hands as a gift from legendary racer A.J. Foyt after having worked at his race team for a number of years. A signature from the man himself can even be found on the sun visor. Having been garaged kept for the cars life, it appears today in good, largely original condition with roughly 55,000 miles appearing on the odometer. With its double red color scheme, one is sure to draw attention wherever one drives. An exemplary piece of malaise era performance, this Corvette will surely be welcome into any dedicated enthusiasts collection.

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