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Barn Find: '89 Corvette, 67 No-Owner Miles

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Old 12-29-12, 02:28 AM   #1
Lil4X
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Arrow Barn Find: '89 Corvette, 67 No-Owner Miles

A Sherman Oaks car dealer purchased it at auction and sold it on eBay to a collector. The car was exceptionally clean with only 67 miles on it, and never registered. How was it found? The story wasn't one of great financial gain, but a monumental loss.

It seems the new Corvette was stolen from a San Diego dealership and never found. It had been put in storage by the thief, who feared being captured with the car in his possession. For over 23 years he'd paid the $70 monthly storage fee, but after the storage payments went up to $300/month, he could no longer hide his secret and hired an attorney to turn himself into police.

It turned out to be the "barn find" of the year - a totally original, hardly driven red Corvette convertible. Police say it even had retained its "new car smell". Air in the tires, a new battery and a quick dust-off and it was ready for the road. (I think I'd want a more comprehensive inspection, but whatever. . .) The car was turned over to the insurance company that covered the original loss, but they didn't make any money on it. The price paid on the eBay auction was $39,741 - about the sticker price of the new 'vette in 1989.

Click the image to open in full size.

The thief will not be charged with the crime, it appears he's suffered enough. 23 years ago he was a recent Irish immigrant who had been coerced into stealing the car. For 23 years he's been paying to keep the secret in a storage locker - at a cost of over $70,000, it was a really bad investment on his part.
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Old 12-29-12, 02:56 AM   #2
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Wow, what a story! Awesome to find the car though! Thanks for sharing!
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Old 12-29-12, 07:01 AM   #3
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That Vette will have some issues sitting for that long.
Way too much for that Vette,IMO.
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Old 12-29-12, 07:44 AM   #4
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I still can't get over that interior lol. still a cool story tho
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Old 12-29-12, 11:46 AM   #5
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altho I owned a white 84 coupe 4+3, I can't stand this bodystyle......nice find tho.
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Old 12-29-12, 11:52 AM   #6
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altho I owned a white 84 coupe 4+3, I can't this bodystyle......nice find tho.

Yes,the C4 is the least desirable generation.
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Old 12-29-12, 01:54 PM   #7
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will see this on b jackson auction soon.
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Old 12-29-12, 04:16 PM   #8
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That's a cool story
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Old 12-29-12, 05:03 PM   #9
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Quote:
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Yes,the C4 is the least desirable generation.
And is a convertible too. Only thing to make it worse is if its an automatic. I guess it was one of the few hot cars out back in 89 though. Sure beats the POS 79 Ford Mustang I was driving while in HS back in 1989. LOL
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Old 12-30-12, 05:47 AM   #10
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Great find... Nice xmas present lol
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Old 12-30-12, 07:13 AM   #11
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Amazing Vette.
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Old 12-30-12, 04:33 PM   #12
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Quote:
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Yes,the C4 is the least desirable generation.
perhaps this was tongue-in-cheek, but the '92 & up LT1, LT3 and ZR1 can run with anything on the road today, and certainly anything the land of the rising sun has to offer save for the gt-r. this was an L-89 however (somewhat less desirable), and yes the 84 4+3 with the cross-fire piece of junk that the other guy mentioned would not be highly coveted, but more perhaps than the last few years of the C3 with the weak engines that came out following the oil crisis

still don't think its worth $40K however
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Old 12-30-12, 10:42 PM   #13
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I don't like the Vert C4s but the car definitely has an interesting story behind it. Not $40K worth of story for me though. ha ha
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Old 12-30-12, 10:42 PM
 
 
 
 
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67, 89, barn, canada, corvette, corvettes, ct, fin, find, findcorvette, finds, miles, noowner, pictures, vette

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