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2003

Thieves Steal a 2003 Yellow Corvette in Virginia

by Mitch Talley on July 26, 2013

Thieves Steal a 2003 Yellow Corvette in Virginia
File photo courtesy of CorvetteImages.com

There probably isn’t a much sicker feeling for a Corvette owner than the one a Hampton, Va., man suffered Monday night.

Larry Phlegar had celebrated the 50th anniversary of the Corvette by buying a collector’s edition 2003 model, a yellow coupe that he had driven just 9,723 miles over the past decade.

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Here is something that you don’t see everyday and in the words of the auctioneer, it’s probably something that will never be duplicated! We’re talking of course about the matched set of Corvettes that was sold at Saturday’s RM Auctions Al Wiseman Collection in Tarpon Springs, Florida. Al had a 1953 Corvette with the serial number of #39. When the 50th Anniversary Corvettes were produced in 2003, Al lobbied GM quite hard for about a year and was successful in buying serial number #39, which was doing duty as a test mule. Topping off the collection was a commemorative 1953 Corvette pedal car from Pedal Cars USA produced to celebrate the Corvette’s golden anniversary. This unique Corvette pedal car also is number #39 in its series.

The 1953 Corvette has been in Al’s collection for around 5 years and has just completed a full concours quality restoration. Al was no stranger to 1953 Corvettes. Back in 2002 he teamed up with Chip Miller of Carlisle Productions to restore serial #158. That Corvette, dubbed “Restoration Celebration”, was restored to better than perfect condition and the proceeds from the sale of that car were donated to charity.

Interestingly, the sale of both of these 1953 Corvettes ended up in the hands of the same buyer…Terry Michaelis of Proteam Corvettes.

And while the buyer and seller of both 1953 Corvettes remained the same, what has changed in the last five years is the prices commanded for the first year of America’s Sports Cars. #158 was purchased for $170,000 in 2002 while 1953 Corvette #39 brought in $390,500 just five years later.

Yes, this auction of the 1953 Corvette had the bonus of a serial numbers-matching 2003 50th Anniversary Corvette Roadster, as well as the kids commemorative pedal car, but it was the 1953 Corvette that drove this sale home.


Source:
RM Auctions

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Video: Zora’s 1955 Corvette Sold By RM Auctions for $134,750