1967 Corvette sells for record $3.85 million at Barrett-Jackson in $248.6 million frenzy

It was just four months ago that a rare 1967 Chevy Corvette L88, one of 20 ever built, set a new record auction price for a Vette, fetching $3.2 million. The record it broke had stood for five years; I said then the new one wouldn't take nearly so long — and sure enough, another L88 Vette sold for $3.85 million this past weekend at Barrett-Jackson's auction/car circus in Arizona. The Vette and other high-profile cars led a stampede of collectors who bought and sold $248.6 million worth of metal and motors in a week — yet another record in the booming world of antique car auctions.