In the late fifties, Harley Earl, Bill Mitchell, Ken Pickering and Zora Duntov were creating a roadster for Oldsmobile. They began the project by designing several showcars which were breathtaking and daring, especially compared to the Oldmobile aesthetic. Due to the poor sales of the Corvette, the car which inspired these GM Concepts, the F-88 project was cancelled at the conceptual phase. Before that time however, four very unique Oldsmobiles were completed.
At the 2005 Barrett-Jackson Auction, the sole surviving F-88 concept car sold for $3,240,000 USD. The General Motors concept car lasted through a fierce bidding war to become the highest selling car ever at the Barrett-Jackson auction.