This Chevrolet Corvette C5 got away, but there are more like it here.

1998 Chevrolet Corvette Convertible Pace Car Edition

N No Reserve
Sold for $15,250 on 5/28/20comments-icon71Comments
No Reserve: 1998 Chevrolet Corvette Convertible Pace Car Edition

This 1998 Chevrolet Corvette convertible is one of 1,163 C5 Indy 500 Pace Car Editions built and shows just over 31k miles. It spent time in Michigan, Pennsylvania, Ohio, Kentucky, and Texas before it was acquired by the seller in California in 2019. Finished in purple with a black soft top over a yellow and black leather interior, the car is powered by a 5.7-liter LS1 V8 paired with a four-speed automatic transaxle. The brakes were serviced and new tires were reportedly installed in the last year, and approximately 500 miles have been driven by the seller. This C5 is now being offered at no reserve with an owner’s manual, car cover, clean Carfax report, and a clean California title in the seller’s name. 

No Reserve: 1998 Chevrolet Corvette Convertible Pace Car Edition

The exterior is finished in purple with a black soft top. Z4Z package Pace Car Editions were originally equipped with identifying vinyl graphics, though they have been removed on this example. Features include retractable headlights, fog lights, and quad exhaust outlets. The seller notes a scratch on the passenger door and a paint chip around the trunk lid. Close-up photos of the paint, glass, and convertible top are provided in the gallery below. 

No Reserve: 1998 Chevrolet Corvette Convertible Pace Car Edition

The factory yellow wheels have been replaced with chrome 17” Z06 units. The Firestone Indy 500 tires show date codes from 2018 and measure 255/40 in front and 275/35 in rear. The seller notes curb damage on one of the wheels.

No Reserve: 1998 Chevrolet Corvette Convertible Pace Car Edition

The power-adjustable seats are trimmed in yellow and black leather with a black dashboard, door panels, and carpeting. Amenities include dual-zone climate control, a CD stereo system, and embroidered Indianapolis 500 floor mats. The seller notes play in the driver’s seat. 

No Reserve: 1998 Chevrolet Corvette Convertible Pace Car Edition

Instrumentation includes a 200-mph speedometer, a tachometer with a 6k-rpm redline, and gauges for oil pressure, coolant temperature, voltage, and fuel level. The digital odometer shows just over 31k miles, approximately 500 of which have been added by the seller. 

No Reserve: 1998 Chevrolet Corvette Convertible Pace Car Edition

The 5.7-liter LS1 V8 was factory-rated at 345 horsepower when new, and power is sent to the rear wheels through a four-speed 4L60E automatic transaxle with a limited-slip differential. The seller reports that the serpentine belt has recently been replaced.

No Reserve: 1998 Chevrolet Corvette Convertible Pace Car Edition

The May 2020 Carfax report lists no accidents or other damage and shows registration history in Michigan, Ohio, Kentucky, and California through its most recent entry in November 2019. Walk-around and start up videos are provided below. 

Filed under: c5

Auction Result

Winning Bid USD $15,250 by Bluesky289
Auction Ended May 28, 2020 at 12:53PM PT
Bids 22
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BaT Essentials

Seller: carpetking
Listing Details
  • Chassis: 1G1YY32G3W5119320
  • 31k Miles Shown
  • 5.7-Liter LS1 V8
  • Four-Speed Automatic
  • Pace Car Edition
  • Pace Car Purple Metallic
  • Black and Yellow Leather
  • Black Soft Top
  • 17" Chrome Wheels
  • Power Seats
  • Dual-Zone Climate Control
  • Owner's Manual
  • Clean Carfax Report
Private Party or Dealer: Private Party
Lot #32010