Auction week headliner… 1953 Corvette Number 005 auctioned off at RM last week and sold for $445,500. This is an impressive sale, but considering the first 15 Corvettes were hand built prototypes, number 005 is one of 15 and a first year production car for Corvette.

We have appraised 2 of these prototype Corvettes and I would have expected $600,000+ based on past sales considering the popularity of the ’53 Corvette to collectors these days. This sale shows there are some deals to be had and with the economy coming back to life I wouldn’t expect to find too many good deals left as these premium cars start going on the auction block again after not seeing any for the last 3-years.