15-Mile 2023 Corvette Z06 Sold For $275K At Recent Auction
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GM unveiled the 2023 Corvette Z06 in October of the 2021 calendar year as the next-level in the C8 Corvette lineup, offering a striking widebody design, a new high-revving, atmospheric V8 engine, and even more go-fast goodness. No surprise then that the new C8 Corvette Z06 is in high demand – so high, in fact, one example just sold at auction for an eye-widening $275,000.
The 2023 Corvette Z06 in question recently traded hands earlier this month at the Mecum Auctions event in Kissimmee, Florida, where the mid-engine performance machine went under the hammer as Lot S71.1. Standout features for this particular example include a Torch Red exterior offset by Metallic Black racing stripes, as well as 20-inch and 21-inch Spider design forged Black wheels. A set of red performance Brembo brake calipers can be found in the corners, while the roof panel is body-colored. The interior is done in Jet Black, while red seat belts provide a splash of color. Just 15 miles are registered on the odometer.
While $275,000 might seem a bit steep for a vehicle with an advertised starting price of $106,395 (the range-topping 3LZ Convertible starts at $127,245), it’s frankly not all that surprising given just how much demand there is for the new 2023 Corvette Z06. Back in December, for example, GM Authority reported on a new 2023 Corvette Z06 Coupe with 25 miles on the clock and an asking price of $375,000, a jaw-dropping 251-percent price increase over MSRP.
Pretty wild stuff, but then again, the 2023 Corvette Z06 is a pretty wild vehicle. Cradled just behind the cabin is the naturally aspirated 5.5L V8 LT6 gasoline engine, which is rated at 670 horsepower and 460 pound-feet of torque, with redline set at a screaming 8,600 rpm. Under the skin, the C8 Corvette Z06 rides on the same GM Y2 platform as the C8 Corvette Stingray, with production once again taking place exclusively at the GM Bowling Green plant in Kentucky.
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Could that have been for charity? Sometimes the rich will go way over as a good deed. The deduction doesn’t hurt either.
That wasn’t a charity car. I’m not sure if Mecum does charity auctions. Maybe, but that car was just bought by someone. Makes u wonder what a ZO6/ZO7 with exposed CF Aero and exposed CF wheels would bring. If I remember right it wasn’t a
3LZ car either, but I think it did have front end lift.
Would love red stitching on the seats!
Would love red stitching on the seats!
Congrats to the flipper who hit a home run. Some that live among us have been blessed with more $$$ than sense.
More than a Ferrari
If it was recently purchased by someone who then immediately sent it through the auction, GM will flag this car and void the warranty. At least that’s their policy on very hard to get vehicles like the Z06. I hope the new owner doesn’t get an unpleasant surprise.
If someone wants to pay way more than what an item is worth, it is ultimately their money. It is beyond foolish, but so be it.
BTW, I have a half-eaten pastrami sandwich for sale on Ebay right now and the starting bid is $500,000. Happy bidding. 😀
It’$ not that they “need it”….it becau$e they…..want it!
Money making money..$$$$$$
Does anyone realize this flipping is killing the hard working stiff who wants the car! This is NOT good!
Another example of how supply and demand drive the market, always. And why all who whine about a dealer asking over MSRP should just shut up. Why do think a dealer should never sell a vehicle for over MSRP that the buyer can flip for way more profit than the dealer made??
The new owner will be honked off at the warranty denial by GM and file a complaint in court since he has the resources $$$ to carry it into court. Maybe a class action law firm will take it on a contingency fee basis. Ripe issue for damages consideration.
I don’t think that lawsuit would get very far due to the fact that GM and every automobile site on the planet have stated this fact quite clearly up front.
Gruntster:
Any complaint filed with a court or hearing is a 50/50 crap shoot. Judges, juries, hearing officers are swayed by flavor of the day. Examples such as O.J. Simpson, Roe vs. Wade, Pennzoil, Bill and Hillary Clinton, etc. are examples.
I hope the Corvette owner files a complaint. Certain specialty law firms love cases like this. This is prime for class action litagation. Stay tuned.
Congrats to the seller. Still did pretty well even after the auction took their pound of flesh.
The person that paid on average $160,000 over MSRP in this case is not concerned about this Car not having a warranty; especially when he’s aware at the point of sale. He purchased it through the Auction; if the Auction didn’t disclose it the guy sitting next to him surely did. What’s the worst-case scenario in this matter; the engine having a major problem and needs to be replace; that may cost him $60,000 or so to replace. All clues are pointing to this person being able to afford the no warranty situation that GM has placed in this example. I’m just saying.
I might be wrong but I thought that car was owned by the dealer. If that’s the case the guy who bid on it and bought it would be the first owner. Just a thought.
As far as the average working person not being able to buy a ZO6, I thought that was why they make the $65k Stingray. If u can’t be happy with that u shouldn’t have a car. The thing is amazing.
AMEN
Not to side track this but has anybody heard approximately how many ZO6s have been made with the ZO7 package. Just wondering, thanks