This Is What A $3 Million Chevrolet Corvette Looks Like

This one-of-one 1969 Chevrolet Corvette Stingray ZL-1 Convertible, on auction through RM Sotheby's, is expected to reach an eye-watering $3 million.

Chevy's Corvette has always been amassively collectible sports car. It has done well at auction, but at this level of investment, the humble Corvette isnearing classic European demand levels.

Even the all-new 2023Chevrolet Corvetteseems to be in extremely high demand these days. Recently we covered a brand new Z06 for sale at awhopping $375K.

Few Corvette models demand the same respect as this one-of-one 1969 Chevrolet Corvette Stingray ZL-1 Convertible. This car is one of only two Corvettes of the 1969 model year fitted with the beefy factory-built aluminum 427 ZL-1 engine, and it's the only one with a soft top.

In 1969, Chevrolet made available a very exclusive factory option, codenamed factory-built aluminum 427 ZL-1. This option cost an eye-watering $3,000 (about $24,330 in today's money), more than doubling the price of the car. This bought you a race-bred 427 all-aluminum V8 engine from CanAm racing.

This engine produces a healthy 560 horsepower thanks to upgraded camshafts, crankshaft, pistons, and exhaust valves, and it feeds power through an M40 automatic transmission to the rear wheels. The package also bagged you upgraded suspension, better brakes, and a slight weight reduction. Chevy removed nice-to-haves such as the radio, power windows, and the A/C to lighten things up.