Skip to comments.1967 Corvette with 2,996 miles to be offered at auction
Posted on 03/21/2014 10:39:13 PM PDT by servo1969
People generally buy a Chevrolet Corvette planning to drive the wheels off it, but examples with absurdly low mileage have to come from somewhere. Cars suffer a small breakdown and are parked for years, owners suddenly pass away and their children don't know what to do with the cars, vehicles get donated to museums... the list of usual suspects for something like this is pretty limited. But the story of this unrestored and completely original 1967 Chevrolet Corvette with just 2,996 miles on the clock is a new one for us. Here's what we know:
Don McNamara turned 30 in 1966, and celebrated his retirement from the United States Marine Corps with a trip to Las Vegas. Unlike a great many visitors to the city, McNamara actually hit the big time right out the gate, winning $5,000. That was big money at the time, and McNamara knew what he wanted to buy when he got home to Colorado Springs: a brand new Chevrolet Corvette. His father was a car salesman, so ordering a Corvette was a done deal. McNamara bought his 1967 example equipped with a four-speed manual transmission, a 3.36 Positraction rear end, tinted glass, a telescopic steering wheel and an AM/FM radio. The car came with an ermine white exterior with a red stinger strip over a red leather interior. The young veteran got the car of his dreams, and by all accounts enjoyed driving it. At least for a while.
McNamara drove the car very sparingly during the first few months... and then his friends never saw it again. When asked about it, he told people that he no longer owned it. But the truth of the matter was that the car was still in his garage, with the odometer showing just a little over 2,000 miles. And so it sat in his garage for the next 45 years.
McNamara passed away in 2011, and only then did the neighboring couple who inherited his entire estate find out that he had a Chevrolet Corvette with 2,966 miles on the odometer in his garage all this time. The car had accumulated most of those miles just during its first year of ownership, and evidently when it came time to renew the registration, McNamara simply chose not to. McNamara reportedly drove the car for the last few times in the mid-1980s, only driving it late at night. So why wouldn't someone drive their dream car after essentially getting it for close to free?
By all accounts, McNamara was a very private individual, never had kids and never married, portraying himself to the few friends that he had as just barely making ends meet. Whether this was indeed the case is undetermined, though we do know that McNamara never had a credit card and never opened a checking account. The car left the garage for the first time in years in 2012, having been found wrapped in a car cover with a blanket decorated with Marine Corps flags draped over it.
The Corvette is said to be completely original throughout, aside from the addition of polished Edelbrock aluminum valve covers and four Corvette emblems mounted on the air cleaner. The car was purchased by Dr. Mark Davis from the estate in 2012, and has subsequently only been displayed at the entrance to the Bloomington Gold Great Hall.
Despite the lingering mystery (a Corvette couldn't have been that expensive to run in the '70s and '80s given the fact that McNamara owned a house), what we have is one of the most well-preserved low-mileage examples of a 1967 Corvette anywhere in the world. The car comes with all the accompanying items like the original window sticker, a showroom brochure, a Chevrolet warranty book with Protect-O-Plate, the original keys and fob along with a duplicate set of keys, as well as the original owner's manual. Only three people are known to have ever sat in the car, and it is said that no one has ever even sat in the front passenger seat!
Mecum Auctions is slated to offer this Corvette during its April 10-12 sales in Houston at The Reliant Center, and they're estimating this car to sell between $600,000 and $800,000.
Holy cow! That is a sweet, sweet ride.
Think I would have liked to have known him
The car is simply amazing. The mileage is shockingly low.
A used car in such nice shape. I’d pay full MSRP for that one, even as old as it is.
How many times has the odometer been rolled over?
I have an ‘84 Ford F150XLT with 448,000 miles on it, which is a much better return on the investment.
Can’t get a new one now, until I hit a half million miles.
An old used Chevy. Might be worth a few hundred bucks.
Had to give it up less than two years later, just could not afford the insurance, payments, and maintenance. The thing ate motormounts and U-joints constantly.
Oh, to be a rich kid and just have tucked it away for sunny days and waxing it.
It’s not unusual to find very low mileage Corvettes that have been garaged and babied, men (mostly) tend to buy them as sort of a trophy car, a reward, and keep them for weekend driving, always have. I’ve been admiring the later C4’s of late, pretty cheap, engine and trans were sorted out by then, nice proportions, clean lines, fast, fairly reliable and easy to service.
But, this one is bizarre, he just parked it practically new. There’s a story there, the why. Something he couldn’t deal with but couldn’t get past, imho. Maybe a girlfriend or fiancé? Don’t know but it was a time capsule for him.
Eh, afterall, it is a used car...
Haha! In your dreams! The manufacturer won't have any say in the suggested retail price for that baby. :-)
And it’s a BB to boot! 427 ci
If it were a convertible, it would bring in well over 1 Million dollars.
Too bad it had a red interior though.
And I bet the build sheet is in near-perfect condition and still attached to the top of the gas tank.
Considering the condition, I don't see it going for less than a million, probably a little better than a million.
I saw a license plate on a nice Corvette that was being driven by a good looking woman. It said:
At least it wasn't a Lamborghini or Ferrari :)
Beautiful car. My cousin would freak out. He had one similar.
OK, now, let me count my spare change.....
Don’t forget the couch cushions!
It was funny. That guy must have done something really stupid. She seems to have gotten the last laugh.
THAT’S where I dropped my $800,000.
Now, lessee, with the dime I found on the sidewalk when I walked into the convenience store tonight....
IIRC, I read that the first production model of the new Vette was auctioned of a $1.6 mill
The car is beautiful...love red interiors.
That was my thought... who was she?
My parents sold our 1957 Chevy 210 (Green with yellow tails) while I was in college in 1964. Also moved, and didn’t tell me where they went. Plus someone stole some of my stamp collections and lots of valuable trading cards including a complete Green Davey Crockett set.
1964 was not a good year for me.
67’Vet. Great, smooth looking car. Now my old neighbor had a 56 T-Bird (cream white) which he smashed into a wall and lived. Got a pink 57 T bird and I think a 59 vet.
We had a very interesting neighborhood. Also had a beautiful blond next door. Gave Marilyn Monroe a run for her money but we were just friends. Sad story for another day.
Thats not a car, its a Marine’s jewel.
they're estimating this car to sell between $600,000 and $800,000.
I would be very interested to know what the doctor paid for the car.
Ever find your parents???
Base price in 1967 for a Corvette was about $4,300 - I didn’t see how much options went for, but that’s pretty close to the $5,000 the original owner in the story won in Vegas with some to spare.
I don’t know.. once the wheels hit the pavement, the value drops by 30%..
Base price was $4240.00
22,940 were built in 1967.
1,423 in Ermine White.
2,415 came with the Telescoping steering wheel.
Wish I had more info on the car.
BTW, American car maker underrated HP for insurance purposes.
in 1967, there were four iterations of the 427 motor with the lowest rated at 390 HP and the highest at 435 HP. but it’s well known that the L-88 put out well over 550 HP and ran high 10 second quarter miles on bias ply tires.
Imagine what one could run today in stock trim with some decent rubber on the rear instead of those 7.75” x 15” bias ply tires?
With the low mileage, you think it's still under warranty? Heck, it's not even due for an oil change yet........
Have they checked to see if there’s a body in the trunk?
About an 11% per year return, which shows the power of compound, tax free growth. It would be hard to sit on this as an investment rather than in it as a performance car.
I’m a little confused by the underhood pictures. I’m not aware that GM ever offered chrome alternator brackets, chrome brake fluid reservoirs, chrome oil vents, etc. I presume these are aftermarket, which would lower the value of the car. What else is not original, would be my first question.
The greedy keep moving on, to big blocks muscle cars, Ferrari's, basically whatever niche they can ruin. Many of them car not a whit about the cars themselves, only preening about it one for a drive or two, and then making a "killing" by reselling it.
Then you get the auction mills like Mecum, who have helped turn affordable middle class classic cars into toys for the a bunch of self absorbed jerks who don't know a thing about them. Not all of the industry is bad - and you have to have free enterprise. But it has gone from an enjoyable hobby to "big business" - and that has been ruinous.
That car will bring $500-700k, easy. Wonder if they take Bitcoins?
Could not agree with you more.
I’m absolutely stunned that the engine seals have held up all this time.
The tires are wrong, wrong, wrong...
There was a fully restored 67 427 tri power at our local concours a few weekends ago. Wonderful looking vehicle. The vehicle in the picture is not the tri power as the air filter had to be a triangle shape to accommodate the carb set up. It was also the last year for the c-2 series.
The 67-427 with side pipes was one of my all time dream cars. Of course one needs a ton of octane booster to run the car now as it had a Comp ratio close to 13 I believe. In fact one of the models I saw with the L-88 had a sticker on the dash which specified 103 octane gas be used.
You can't retire until you serve 20 years, and in 1966 they didn't have early retirement. So was he 10 years old when he joined the Corps, or did the reporter typically screw up another story involving the military?