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First of all, I'm a ford man, but its nice to see a story like this
A guy had his 68 vette stolen from him in 1969 in NY. They found the car in LA, fixing to be shipped out to sweden, and silver, was blue. A dock worker ran the numbers, the confiscated the car, and the owner got his car back.
Theres a hell of a way to keep a cars value up. They said it could be worth at least 100000. Hes not going to sell it either.
I saw that, pretty cool. Question though I would assume he had insurance on it in 69 and once it was stolen and not found the insurance would have paid out on it. If thats the case I would think the car actually would belong to the insurance company
$100,000 . It must be in excellent condition.
I would think that since it was his car, legally it would be returned to the owner, and he would be held to return the insurance money to the company, if anything. Hopefully the insurance company is no longer in exsistance.
Talk about a good investment! Talk about creedance to the old addage, "all things happen for a reason". Wow, that is a great story.
I think all he has to do is pay the insurance company back the money paid out at the original claim, so whats that 3, or 4000 dollars? It is in excellent condition. I haven't heard yet what the car has been doing for all these years.
It may not be worth 100000, but they said that a 68 vette in original condition was worth that. Other than the color being changed to silver, its all original, and a beautiful car.
NBC nightly news said the original color was blue, showed I old pic I though, and had the owner getting into the car now, and it was gray or silver in color.
The Corvette, which was originally painted blue with a matching interior, is now silver with a red interior. It is missing the gas tank, has a new engine and transmission and no longer runs, Fleming said.
I just read that article and they said that the owner couldn't afford insurance for it after he bought it because it cost him $6000 and it tapped him out. He only had it for something like 2 weeks too.
Not many of those old corvettes are in original condition. Most of the engines have been swapped out. They were run pretty hard back in the day. My old '68 had a 350 swapped in. I was looking for a vette 390hp 427 to put in but they were so darned expensive and hard to find. Forget about the 435hp tripower, way too much $$$$$$$$. It doesn't help alot without original numbers but does help.
$100,000 would be alot of dough.
Last edited by olfordsnstone; Jan 18, 2006 at 02:39 PM.
My boss has an all origional (right down to the paint) 1968 vette with a 427 4 barrel and 4 speed. only has 24K miles on it. It is a roadster as well, and he has a couple different tops for it.