The world’s most expensive 1967 Chevrolet Corvette is up for grabs again after failing to sell three times in 2025
Published on Dec 03, 2025 at 7:26 AM (UTC+4)
by Claire Reid
Last updated on Dec 03, 2025 at 9:35 PM (UTC+4)
Edited by
Kate Bain
The world’s most expensive C2 Corvette once sold for a staggering $3.85 million at auction, and now it’s on the hunt for a new home.
The 1967 Chevrolet Corvette L88 earned a spot in the history books in 2014 after selling for the record-breaking sum.
A decade on, it went under the hammer again. This time it was snapped up for an almost-as-impressive $3.2 million.
This year, the car has been placed up for auction three times but has failed to sell; so could it be a case of fourth time lucky?
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What makes this the world’s most expensive C2 Corvette?
The iconic Corvette had already been in production for over a decade and a half when, in 1967, Chevy introduced the high-performance 7.0-liter V8 engine known as the L88.
The engine was officially rated at 430 horsepower, although it’s reportedly capable of upwards of 500hp.
However, the L88 was around for a good time, not a long time, and by 1969, Chevy had retired the beefed-up engine.
As well as being a more race-ready engine than the standard C2 V8, the L88 was also a more pricey option and therefore wasn’t as big a seller for Chevrolet.
In 1967, just 20 units were produced, and today there are thought to be only around 10 or so left, which goes some way to explaining why in 2014 one of them sold for $3.85 million.
The car, which is the only known Rally Red example in the world, set a new record and became the most expensive C2 Corvette ever sold.
After being sold at auction for $3.2m in 2024, the ‘Vette headed to auction on three separate occasions this year, but despite pulling in bids of upwards of $2.5m, it failed to sell.
Next year, it’s set to go under the hammer again at Mecum’s Kissimmee 2026 auction in January.
Whether it will sell or not remains to be seen, but it’s certainly going to be one to watch when it passes the auction block.
The Rally Red L88 isn’t the most expensive ‘Vette that’s ever sold
Although the Rally Red 1967 Chevrolet Corvette L88 is the most expensive C2 in the world, it isn’t the most expensive Corvette ever sold.
The first-place title belongs to the 1957 SS XP-64.
The one-off vehicle not only surpassed the C2’s record, pushing it into second place, but absolutely obliterated it, pulling in a mind-blowing $7.7 million at auction in February this year.
Some of the most coveted Chevys ever built
1957 Chevy Bel Air Convertible: A true piece of 1950s Americana
1963 Corvette Sting Ray Split-Window: A design icon produced in a limited one-year run
1969 Camaro ZL1: Only 69 of these were ever built, making them as rare as they are gorgeous
2009 Corvette ZR1: The first-ever Corvette to break 200mph
2018 Chevrolet Corvette Carbon 65 Edition: A very special, special edition ‘Vette
2023 Corvette Z06: Released with a flat-plane crank V8 in a mid-engine chassis
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Claire Reid is a journalist who hails from the UK but is now living in New Zealand. She began her career after graduating with a degree in Journalism from Liverpool John Moore’s University and has more than a decade of experience, writing for both local newspapers and national news sites. Claire covers a wide variety of topics, with a special focus on cars, technology, planes, cryptocurrency, and luxury.
