[VIDEO] SOLD! 1963 Corvette Grand Sport Chassis 003 Sells for $18.7 Million at RM Sotheby's Monterey Auction - Corvette: Sales, News & Lifestyle

Insight summary

• •A 1963 Corvette Grand Sport Chassis 003 sold for $18.7 million including commissions at RM Sotheby's Monterey auction, setting a new Corvette auction record.
• •The car, built by Corvette Chief Engineer Zora Arkus-Duntov, was one of five lightweight race cars designed to compete against Shelby Cobras.
• •Chassis 003 raced in the 1964 and 1965 Sebring 12-hour races, achieving notable class finishes including second and third place.
• •The car was previously owned for 23 years by California collector Larry Bowman and occasionally competes in historic racing events.
• •Pre-sale estimates predicted a sale price between $11 million and $13 million, far below the final hammer price.
• •Previous Corvette auction records include a 1957 Corvette SS sold for $7.7 million in 2025 and a 1967 Corvette L88 Coupe sold for $3.85 million in 2014.
• •The auction took place at the Portola Hotel and Monterey Conference Center with active live bidding starting at $5 million and escalating beyond $17 million.