Corvette Indy 500 Pace Car Collection Sells at Auction for $1.375 Million

2023 Chevrolet Corvette | Baird, TX

A collection of 18 Corvette Pace Cars were sold in May at a Mecum Classic Car auction. The collection, which contained both authentic Pace Cars and reproductions approved by the Indianapolis Motor Speedway, sold for $1.375 million as a single lot, and included Corvettes ranging from 1978 to 2022.

The collection was owned by Dr. Richard Foster, who has been collecting Corvette Pace Cars for decades. Now 80 years old, Foster was ready to part with this small portion of his total collection of 42 Corvettes.

The 18-car lot that sold at the Mecum auction contains a huge variety of Corvette pace cars. These include an unrestored 1986 Corvette that marked the car’s return to the Indy 500 after a 4-year break, a 1998 with the first LS1 V8 engine used in a Corvette pace car, and one from 2004, the year Morgan Freeman started the race driving the pace car.

There’s even a 2022 Corvette that’s part of the collection but that didn’t go to the auction winner right away, since it’s still being converted from a standard Corvette to a pace car. This replica will complete the collection of lovingly maintained Corvette pace cars, all but one of which have less than 10,000 miles on the odometer, so they’ll still be track-ready for years to come.

While you can’t drive a pace car off our lot, you can still see the wonders of Chevy performance in a variety of vehicles when you visit us at Hanner Chevrolet in Baird, Texas!

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