General Motors has brought one of its most radical development projects back home, according to sources at Corvette Blogger. Just last week, the 1960 Chevrolet Engineering Research Vehicle (CERV) crossed the block at Barrett-Jackson Scottsdale. As the hammer hit, the CERV I was sold for a whopping $1.3 million.
And it seems GM will be writing the check for the vehicle. The vehicle has not been with GM for decades, after it was scheduled to be crushed. A familiar name, Zora Arkus-Duntov, persuaded executives to instead donate the vehicle to the Briggs Cunningham collection.
Duntov engineered and spearheaded the CERV I to develop the C2 Corvette, although the vehicle never officially raced per GM rules and regulations at the time.
The buyback comes at an intriguing time in history, as the CERV I is largely considered Chevrolet’s first foray into a mid-engine Corvette program, in which history is dotted with. At present, it’s nearly the industry’s worst-kept secret there are revolutionary, mid-engine changes coming to the C8 Corvette.
But, after failing to sell at RM Sotheby’s, the CERV I is officially heading home to the automaker that started the project in the first place. It’s likely the CERV I will make its way to the GM Heritage Museum after paperwork and other official business it tidied up.