The 1957 Chevrolet Corvette SS XP-64 goes to auction Feb. 27-28, 2025, at RM Sotheby’s Coral Gables sale, with an estimated price of $5M-$7M.


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One of the most significant 1957 Chevrolet Corvette SS models in history will be auctioned off this February. Part of an RM Sotheby's sale running Feb. 27-28 in Coral Gables, Florida, the 1957 Chevrolet Corvette SS Project XP-64 is billed as the first purpose-built General Motors race car.

This ultra-rare 1957 Chevrolet Corvette SS was designed for endurance racing and built with cutting-edge technology of its time. It carries an estimated price of $5 million to $7 million 💰.

A Racing Machine Ahead of Its Time 

The 1957 Chevrolet Corvette SS made its debut at the 1957 Sebring 12 Hours, driven by legendary racers John Fitch and Piero Taruffi. Despite showing immense speed, technical issues like overheating and brake failures forced it to retire after just 23 laps.

Later, the car was further tested by Zora Arkus-Duntov, reaching an impressive 183 mph at GM's Mesa Proving Ground. However, in 1957, the Automobile Manufacturers Association (AMA) banned factory-sponsored racing, abruptly ending the project’s future.

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Why Is It So Special? 

1️⃣ Ultra-Lightweight – Weighs just 1,850 lbs, nearly 1,000 lbs lighter than a standard Corvette of its era.
2️⃣ Innovative Magnesium Body – A rarity in racing, but it caused cockpit overheating issues.
3️⃣ Ramjet Fuel Injection – The 283-cubic-inch V8 engine produced over 300 HP, an advanced feature for its time.
4️⃣ Independent Suspension – Designed for superior handling with a de Dion rear setup.
5️⃣ Only One Exists – This is the only surviving example, making it one of the most collectible Corvette SS XP-64 models ever​.

1957 Chevrolet Corvette SS XP-64 Specifications 

Feature

Specification

Engine

283-cubic-inch V8, Ramjet fuel injection

Horsepower

300+ HP

Transmission

4-speed manual

Chassis

Tubular steel frame

Body Material

Magnesium

Weight

1,850 lbs (dry)

Top Speed

183 mph (tested by Zora Arkus-Duntov)

Auction Estimate

$5M - $7M

Auction House

RM Sotheby’s

Event

Miami, February 2025

A Rare Opportunity for Collectors 

The upcoming Corvette auction 2025 marks the first time in decades that this piece of Chevrolet’s motorsport history is being offered for sale. Given its historical significance and rarity, the final selling price of the Corvette SS XP-64 could exceed expectations.

For classic car enthusiasts and collectors, this is a once-in-a-lifetime chance to own a vehicle that represents the golden era of American racing innovation.

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Conclusion

The 1957 Chevrolet Corvette SS XP-64 is more than just a car—it’s a symbol of Chevrolet’s racing ambition and a reminder of what could have been. Whether you’re a racing fan, a Corvette enthusiast, or a collector, this auction is bound to be one of the most exciting events of Corvette auction 2025.

Would you bid on this legendary Corvette?

FAQ

The 1957 Chevrolet Corvette SS XP-64 is a one-of-a-kind race car developed by General Motors as their first purpose-built racing vehicle.

The car will be auctioned on February 27-28, 2025, at RM Sotheby’s event in Coral Gables, Florida.

It is estimated to sell for $5 million to $7 million, though the final Corvette SS XP-64 price could go even higher.

It was GM's first factory-built race car, featuring a lightweight magnesium body, Ramjet fuel injection, and an advanced suspension system.

The car made its racing debut at the 1957 Sebring 12 Hours, driven by John Fitch and Piero Taruffi.

Despite its speed, it suffered from overheating and brake issues, forcing it to retire after 23 laps at the 1957 Sebring race.

The car reached 183 mph in testing, as recorded by Zora Arkus-Duntov at GM's proving ground.

In 1957, the AMA banned factory-backed racing, preventing Chevrolet from further developing the car for competition.

Only one unit was ever built, making it one of the rarest Corvettes in history.

It was 1,000 lbs lighter, had a stronger tubular chassis, and used a magnesium body, which was unusual for race cars.

It features a 283-cubic-inch V8 engine with Ramjet fuel injection, producing over 300 horsepower.

Since this is the only surviving model, it’s a once-in-a-lifetime opportunity for classic car collectors.

This car has not been publicly available in decades, making the 2025 Corvette auction a highly anticipated event.

No, it was built as a track-only race car, so it does not meet road-legal requirements.

You can follow the RM Sotheby’s auction online, or attend in Coral Gables, Florida, on February 27-28, 2025.

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