Bonhams
101 New Bond Street London
W1S 1SR
Lot 318 - 1960 Chevrolet Corvette C1 Roadster For Sale by Auction
From the Private Collection of Peter de Savary
1960 Chevrolet Corvette C1 Roadster
GOODWOOD REVIVAL COLLECTORS' MOTOR CARS AND AUTOMOBILIA
17 September 2022, 14:00 BST
Chichester, Goodwood
Auction Estimate £55, 000 - £65, 000
1960 Chevrolet Corvette C1 Roadster
Registration no. 143 XUF
Chassis no. 00867S100015
• Iconic American sports car
• Owned for circa 30 years
• 230bhp V8 engine
• Four-speed manual gearbox
Footnotes
Back in 1953, Chevrolet's launch of a two-seater sports car was a radical departure for a marque hitherto associated almost exclusively with sensible family transport. Based on the 1952 EX-122 show car, the Corvette made use of existing GM running gear and a shortened chassis frame, around which was wrapped striking Harley Earl-styled glassfibre coachwork. Motive power came from Chevrolet's 235. 5ci (3. 8-litre) overhead-valve straight six and, unusually for a sports car, there was automatic transmission, a feature that attracted much adverse criticism at the time.
Intended as competition for the T-Series MG, the Corvette cost way above the target figure, ending up in Jaguar XK120 territory, but with an inferior performance. Sales were sluggish initially and the model came close to being axed, surviving thanks to Chevrolet's need to compete with Ford's Thunderbird. A V8 engine for 1955 and a radical re-style for '56 consolidated the 'Vette's position in the market. A facelift for 1958 saw the Corvette gain a quartet of chrome-rimmed headlamps and a host of other more minor styling changes. Perhaps not surprisingly, alterations for '59 and '60 were few, though one welcome change was the deletion of the 1958 model's fake hood louvres.
By this time, the end of the 1950s, Corvettes had begun to establish an enviable competition record for the marque. Corvette Chief Engineer Zora Arkus-Duntov was a big fan of auto racing, and it was he that was responsible for unlocking the car's innate potential and development it into a genuine race-winner. These racing successes repaid Chevrolet's investment with interest: Corvette sales improved significantly, ensuring the car's survival and enabling it to go on to become the world's best-selling and longest-lived sports car.
Owned for circa 30 years, this 1960 Corvette Convertible has the 230bhp 283ci (4. 6-litre) V8 engine and the desirable four-speed manual gearbox. The car is finished in Old English White with matching soft-top and red interior trim and carpets. Started and run regularly, like all the cars in Mr de Savary's collection, the Corvette is presented in very good overall condition and comes with a V5C registration document.
Goodwood Revival
Collectors' Motor Cars and Automobilia
17 SEPTEMBER 2022 | STARTING AT 10:30 BST | WITH LOT 1
Buyers Obligations
ALL BIDDERS MUST AGREE THAT THEY HAVE READ AND UNDERSTOOD BONHAMS' CONDITIONS OF SALE AND AGREE TO BE BOUND BY THEM, AND AGREE TO PAY THE "BUYER'S PREMIUM" AND ANY OTHER CHARGES MENTIONED IN THE NOTICE TO BIDDERS. THIS AFFECTS THE BIDDERS LEGAL RIGHTS.
If you have any complaints or questions about the Conditions of Sale, please contact your nearest customer services team.
Buyers Premium and Charges
Like the vast majority of auctioneers Bonhams charge what is known as a Buyer's Premium. Buyer's Premium on all Automobilia lots will adhere to Bonhams group policy:
27. 5% on the first £20, 000 of the hammer price;
26% of the hammer price of amounts in excess of £20, 000 up to and including £700, 000;
20% of the hammer price of amounts in excess of £700, 000 up to and including £4, 500, 000;
and 14. 5% of the hammer price of any amounts in excess of £4, 500, 000.
For Motor Cars and Motorcycles a 15% Buyer's Premium is payable on the first £50, 000 of the final Hammer Price of each Lot, and 12% on any amount by which the Hammer Price exceeds £50, 000. VAT at the standard rate is payable on the Premium by all Buyers, unless otherwise stated.
Some lots may be subject to VAT on the Hammer Price. These lots will be clearly marked with the relevant symbol printed beside the lot number in the catalogue.
Payment Notices
For payment information please refer to the sale catalog.
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