Thanks John - the author seems to be ignorant of the facts. Every car has a story, you just need to find who knows it.
The 1991 1LE Formula was an anomaly, a blip, a mistake really in it’s 2nd auction. It’s rarity, option load and condition in any other make, model or time period would place it in top 10 in value. I was the owner who, along with my 91 1LE Z28, sold it at BJ in June. It hammered at $19,000 to an empty room late in the evening after all the energy had left once the last front engined Corvette had been sold. Even with that, it is likely one of the highest prices paid for that era of Firebird at auction where low miles command the day. Upon leaving the block and prior to being parked it sustained damage - to what extent I have no idea, but it was disclosed and the winning bidder declined the car. BJ took the car back to AZ, had it repaired and brought it to Las Vegas, running it through at a less than desirable time slot - it did poorly. I haven’t seen it since so cannot attest to it’s condition or presentation but I do know there was little to no publicity of it prior and they used the same pictures I provided them just like you did - that’s my picture, not theirs.
Had I been there, I’d have bought it back. Somebody stole that car and will get to enjoy it’s rise in value. To say that sale signaled the end of the 80’s cars is akin to claiming the sinking of the Titanic would herald the end of the cruise industry - one has nothing to do with the other.
If the article was written to generate clicks, you may have succeeded. If it was intended to accurately predict upward & downward market swings, you’ve failed - at least in this case.