Low-mileage Chevrolet Corvettes are not uncommon. However, regardless of the odometer reading, the 1992 Chevrolet Corvette ZR-1 is uncommon. This Corvette was sent to us by a Barn Finds reader who found it here on eBay in Charlotte, North Carolina. The reserve appears to have been met after 28 bids have set the current price to $21,700.

The one-millionth Corvette to roll-off the assembly line was among the 20,479 Chevrolet built in 1992. About 70% of the buyers opted for the coupe version. That ZR1 option, however, is what makes this one unique. Selecting it nearly doubled the price of the coupe, making the base ZR1 require the buyer to part with roughly $65k, which, adjusted for inflation, is almost $120k today. As such, just 502 ZR1s were built throughout the model year.

We don’t get the backstory, but this is a one family owned Corvette that has been in the family of the seller since 1995. Presumably this ZR-1’s first 3 years were spent in a dealer’s showroom which is why it wasn’t titled until the seller took possession of it. In those 25 years it’s covered just 24k miles. The Bright Red paint was the most popular color choice for 1992 Corvettes but seems fitting. It lives up to its ‘bright” description as I don’t see any noticeable finish flaws in the 2-dozen included photos. Glass and body-colored roof panels are included in the sale.

I don’t know if you’ve ever poked around C4 Corvette classifieds, but the interior condition seems to often be a letdown. That is NOT the case here. The seller tells us this C4 has been stored indoors, under cover, in a climate-controlled garage its entire life and it shows. The black leather shows some creases, but no wear. Carpet, dash, and door panels all appear to be in excellent condition.

Under the hood is what really makes the ZR-1 the ZR-1. That is the 5.7-litre LT5 V8. Power is sent to the rear wheels by a 6-speed manual transmission. Rather than try to pick and choose what made this engine special, I’d recommend reading this write-up that details the uniquity of the LT5.

For awhile I’d say the C4 ZR-1s were nearly forgotten. However, recent interest in 1980s and 1990s cars may be changing that. So far this one is looking like a bargain. What’s your prediction for the hammer price?