1970 Chevelle Nets Almost $400K At Auction

⚡️ Read the full article on Motorious
There are good reasons for this high price.
To most people, the concept of paying six figure amounts for a car seems ridiculous, although it's usually the realm of Ferraris, McLarens, and other exotic or ultra-luxury brands. However, when a classic car like this 1970 Chevrolet Chevelle crosses the $ 100,000 mark, it can be far more confusing considering how affordable it was when new. With this in mind, it's especially amazing to learn that this particular Chevelle recently sold for a cool $ 385,000 at the Mecum Kissimmee event.
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Image credit: Mecum
While it's not uncommon for Chevelles to sell in six figures - some during the Kissimmee event alone - it's uncommon to hit nearly $ 400,000. However, there is a reason for this particularly high price, which has in part to do with the “Holy Grail” engine, an LS6.
Image credit: Mecum
If you're not aware, General Motors had a company policy back then against any V8 over 400 ci used in an A-body car like the Chevelle. With the muscle car wars in full swing, that policy was withdrawn for 1970, which is why this convertible was fitted with a 454 big block V8 with matching numbers.
That alone is enough to get your heart racing, but business is further sweetened by a close-ratio 4-speed manual transmission from Muncie Rock Crusher and a 3.31 positraction rear end. Both numbers match. Power steering, front disc brakes and the high-performance F41 suspension are also included.
Image credit: Mecum
As you can see in the photos, this Chevelle SS convertible looks amazing after an extensive restoration. It is also said to be the first LS6 Chevelle convertible to be Diamond certified, thanks in part to the extensive documentation. Also featured in Muscle Car Enthusiast magazine and Chevelle 1964-72 Muscle Car Color History book. There was a short list of notable owners, including the Volo Auto Museum.
You may still be confused as to why this Chevelle was asking such a high price from the auction block. Well-heeled investors obviously thought it was worth just as much, and that's reason enough.
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