A string of auctions have highlighted the interest and value of 1978 Pace Cars with exceptional pedigree. While the Lambrecht auction brought $80k for an L48 automatic which could be viewed as an outlier, auctions at Barrett-Jackson and Mecum send a consistent message…buyers like low-mileage, well preserved original 1978 Pace Cars with documented heritage and options.
The January 25, 2014 Mecum auction brought $75k for a MSO, seven-mile L82, M21, FE7 Pace Car. The chassis was clean, no leaks and with those factory frame markings one expects to see on a Corvette of this heritage. What makes this Pace Car particularly interesting is that it was kept as received from the factory…NO dealer prep as stated by Roger Jukski when asked by this reporter. In the rear storage compartment were not only decals and wheel caps…but the front three-piece spoiler in original, sealed plastic-bags. This should present a challenge for NCRS judging teams!
The week before, the Barrett-Jackson attendees witnessed two Pace Cars score nice values for their exceptional upkeep and history after thirty-five years. A thirty-mile MSO L82 M21 FE7 Pace Car was bought at $82.5k.
The second BJ Pace Car brought $52k and the speedometer showed seventeen miles on the odometer. It was equipped with an L82 M38 transmission and never dealer prepped, just coming off its MSO status.