World's most expensive 1967 Chevy Corvette L88 is still unsold despite three auctions and a $2.7M bid

This 1967 Corvette L88 has rolled across the block three times already this year at Mecum Auctions, and three times it’s been wheeled back off without a new owner. 

Bidding has been fierce, numbers flying into the millions. 

The highest shout hit $2.7 million and still, no deal.

This car, it seems, just can’t find a home.

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The Chevy Corvette that refuses to sell

This is the rarest of rare. 

A 1967 L88 coupe, one of just 20 ever made, and the only known red-on-red example. 

This car is as original as they come – just under 12,000 miles and stacked with top awards from Bloomington and the NCRS. 

In collector circles, that makes it a unicorn.

Power comes from Chevy’s infamous 427 L88 V8, officially listed at 430 horsepower but known to push past 500. 

It was a high-strung engine built for racing fuel, not Sunday cruises.

In ’67 it was basically a factory-built race car with plates, which is why only a couple dozen were ordered. 

Too much car for most people back then, too much money now.

This same car set the Corvette record at $3.85 million in 2014. 

It sold again in 2024 for $3.2 million. 

Fast forward to 2025 and it’s been through three auctions with high bids of $2.5 million, $2.7 million, and $2.6 million respectively. 

Every time it ended up stamped with ‘bid goes on.’ 

Translation: close, but not close enough. 

The owner clearly isn’t letting it go for less than what he paid last year.

The legend of the L88

The L88 sits in Corvette legend territory. 

The C2 Sting Ray was already iconic, but when Chevy dropped this engine in 1967, it turned the car into a street-legal racer. 

Lightweight heads, aluminum radiator, 12.5:1 compression – you needed racing gas to even drive it around town. 

Just 20 buyers were bold (or crazy) enough to spec one new.

That rarity is what keeps values in the $3 million-plus club. 

Collectors know it, investors know it. This red-on-red coupe is about as good as they come. 

But the market right now is shaky – whispers of recession, buyers holding back, even the seven-figure crowd is cautious. 

Mecum might still cut a private deal, but the fact it’s been passed over three times shows how fine the line is between too expensive and priceless.

So here it sits. The world’s most expensive Corvette L88, still unsold. 

Bids have been strong, but the gap between $2.7 million and the reserve hasn’t been bridged. 

For now, it’s the rarest standoff in the classic car world: the market versus one determined owner.

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