The 1960 CERV I (Chevrolet Engineering Research Vehicle) finally has a new home after the 2017 Barrett-Jackson Scottsdale auction.
The 1960 CERV I went under the hammer for a cool $1,320,000 at the Scottsdale auction, but still fell short of its initial estimate of $2 million. The CERV I fetched only $800,000 at RM Sotheby’s previously. It’s still unclear on whether the sale itself fell through at that auction, or the price was reported incorrectly.
But, nevertheless, one lucky buyer went home with a huge piece of Chevrolet history. The CERV I was developed by Zora Arkus-Duntov and the influenced future Corvettes to come. Ahead of its time in all respects, the CERV I also used extensive aluminum and magnesium construction of its small-block V8 engine. One could say that the CERV I was the mid-engine Corvette that never was.
We have a feeling this buyer’s latest purchase won’t be garnering many miles, but instead, the CERV I mid-engine Corvette will be preserved for generations to come.