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Rare Corvettes Reunited at NCRS Event

Friday, November 16th, 2012

ProTeam Hosts daylong NCRS Seminar featuring historic Corvettes

Napoleon, Ohio – - ProTeam Corvette hosted nearly 200 Corvette faithful at a NCRS Corvette seminar featuring some of today’s foremost Corvette researchers and a panel including the GM engineers who crafted the Corvette’s image and its sports car tradition. Still, the participants were over-shadowed by the real stars of the day-long event by three 1953-55 Corvettes fashioned by Chevrolet Engineering (Experimental Shop and Garage) for NASCAR stock car activity (racing) and a 1963 “Cinderella story”.

The three 1953-55 Corvettes on display were highly decorated and have left an indelible mark of the Corvette’s legacy on NASCAR and Sebring.  Among the three was #1194 that went onto wins in 1956 at Sebring with John Fitch and Walt Hansgen co-driving in this 12-hour race. Campbell-Ewald, Chevrolet’s advertising agency, celebrated the Corvette’s first international class victory with “The Real McCoy” advertisement which millions have seen.

Dick Lang’s storied 1963 Z06 Tanker Race Car was unveiled publically for the first time since its yearlong restoration. This is one of the early “batched built” 1963 Z06 Corvettes that battled Shelby’s Cobras back in 1963 and 1964. This car’s driver, Dick Lang, was one of the best Corvette drivers in the late 50′s and early 60′s. In 1963 Lang raced at Daytona International in two events; that weekend kicked off a winning streak including many notable podium appearances. In 1964, Lang’s Corvette stood alone alongside 4 Cobras in the top 5. It was this race when the fastest and most desirable cars in the world surrounded the Corvette and its story as America’s muscle car was written. Dick Lang’s Z06 Tanker is as testament to the driver and the celebrated legacy of Chevrolet Racing. The restoration was performed by the world famous Naber Brothers of Houston, Texas.

Terry Michaelis, ProTeam’s president, reflected on the daylong event, “This seminar really served two purposes. First was to spend the day with fellow enthusiasts and pick the brains of the people who were there when these classics first came off the GM line.  Secondly, we wanted to reestablish ProTeam Corvette as the leader in the classic Corvette community with access to our world famous collection. I believe we were a success in both categories.”

Images from this event for publication are available at: www.tmichaelis.com/NCRS/

ProTeam’s world famous collection has no peers. The quality of ProTeam’s cars is simply out of this world. We now bring you the finest selection/collection of Corvettes anywhere in the world! including many one of a kind and collector quality Corvettes.  The Holy Grail of Corvette Collections is open to the public Monday through Friday or visit ProTeam online at ProTeamCorvette.com, email: [email protected], or call toll free at 888-592-5086.

What is an L88? What makes an L88 Different?…

Friday, June 8th, 2012

What is an L88 Corvette?ProTeam Corvette L88ProTeam Corvette L88

Why were they built?
Zora Duntov wanted a factory production Corvette capable of winning major racing events. Duntov and Richard Keinath further developed the Mark IV 427 engine and introduced the L88 in 1967.
What did it compare to?
Other than Ford’s Cobra and Shelby variations, there were really no other factory produced cars of this caliber.
Who bought them?
People who wanted to go fast and win!
• Road racers (LeMans, France, Daytona, Sebring, Elkhart Lake, etc.)
• Drag Racers
Why was the 1969 the last year?
• Emission standards
Why is it so collectible, today?
• Rare and limited production
- 20 in 1967
- 80 in 1968
- 116 in 1969
• Horsepower highpoint
• Unique options
• Racing history on famous tracks
• Mystique and lore
What make an L88 Different ?
Engine:
• 560+ horsepower
• 12.5:1 Compression
• Special open plenum intake manifold
• 850 CFM Holley carb
• Aluminum cylinder heads
• Road draft tube to vent crankcase vapors
• Large aluminum radiator (instead of copper to save weight)
• No fan shroud
• Racing fuel (103 octane)
• Transistor Ignition
• Heavy duty reddish/brown ignition wires
• Unique distributor with “brown” cap
• Mechanical vs. vacuum advance
• Heater block off plates on passenger firewall
Chassis:
• Heavy duty transmission
• Heavy duty brakes
• Heavy duty suspension
• Proportioning valve below master cylinder
Interior:
• No radio
• No heater
• Plugs in dash where heater/vent pulls would normally be
• Fuel warning sticker in console (103 octane)
Body:
• Special holes & filter built into the raised hood to draw intake air from base of windshield
• No radio antenna
How much extra did it cost ?
The L88 option – 427 cubic inch/430 horsepower: $947.90
Delete the Heater and Defroster – C48 (Credit): (-) $97.85
Delete the Radio
Power Brakes: $42.15
Special Heavy Duty Brakes option – J56: $342.30
Transistorized Ignition – K66: $73.75
Special Heavy Duty Suspension package – F41: $36.90
Heavy Duty 4 Speed Transmission – M22: $237.00
Posi-Traction axle option – G81: $42.15

Total cost to order the L88 option: $1,623.40
Coupe (Base Price with L88 Option): $6,012.15
Convertible (Base Price with L88 Option): $5,864.15

Stand Back… Take Cover!… comments/questions/additions/subtractions? email: [email protected]

See & Hear More of the 1969 BFG #49 ZL1

Wednesday, September 14th, 2011

1969 BFG #49 ZL-1 Corvette Race Car… one of 3 team cars sponsored by BF Goodrich during ’71-’73 showcasing their new line of T/A Radials. #49 competed in the trifecta of sports car racing; 12 Hrs of Sebring, 24 Hrs of Daytona, and 24 Hrs of LeMans. The 3 team cars #48, #49, & #50 were owned & campaigned by John Greenwood (inducted into the Sebring Raceway Hall of Fame in ’02). Driven by top road course drivers of the period; Greendyke, Greenwood, Johnson, Smothers, Yenko. 1st major win was 1st place in GT in ’72 at Watkins Glen 6 Hr driven by Greenwood and Smothers. In ’73 it was campaigned at 12 hr of Sebring, Daytona 24 hr and at 24 hr of LeMans. At LeMans, it set the GT speed record of 215mph on the Mulsanne Straight. Was delivered as a 69 factory L88 & was used by John Greenwood as a PR car. When the #50 car was heavily damaged in a crash in ’72, he converted the #49 to a race car, installing all of the famous Greenwood innovations, notched rear end, quick replacement radiator, quick camber adjustment, and a new Chevy ZL1 all aluminum 427 cu engine producing over 750 hp @ 6500 rpm. Restored to concourse condition in ’08 by Kevin Mackay of Corvette Repair & debuted at Quail Motorsports ’08 where it received Best in Class over a strong field of Sebring Race Cars.
Much Much More…

Audio of #49 Get Adobe Flash player

#49 on YouTube
The look of #49
The history of #49
Questions, comments, more information, email [email protected]

Congratulations and Thank you…

Tuesday, May 17th, 2011

Tony DeLorenzo, MF Dobbins, Ralph Eckler, Dan Gale, Roger Judski, Gary Mortimer, Naber Brothers, NCRS, Joe Pike, and Bob Wingate.  Welcome to The Great Hall as you are among a few dozen pioneers that helped influence the Corvette phenomenon. The time has come to recognize the people, first and foremost, that helped charter the course to this point of The Great Hall… and this Bud is to you!!! Terry Michaelis, ProTeam Corvette, NCRS member #136, SACC member #32, NCM member #873, Bloomington participant since 1974, Bloomington Great Hall Selection Committee Member.

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Comparison Shopping…

Saturday, March 5th, 2011

is not easy as not all Corvettes were created equal and not all Corvettes are restored equally… What is important to you?
A) just price?
B) VIN tag and attachments?
C) body/trim tag?
D) engine stamp pad?
E) body repairs?
F) documentation?
G) Bloomington/NCRS awards?
H) transmission?
I) rear end?
J) color combination?
Legitimate cars with legitimate components and legitimate documentation are becoming harder to find. Did you know that there is a database of Corvette VIN numbers (over 400) that are not legitimate and most information came from inspections of these cars at collector car auctions or judged events?

How does one compare the value of a black 1967 with a blue 1967 when GM made so few black Corvettes in 1967? Did you know that option combinations make certain legitimate Corvettes very hard to find and desirable?

Who does your due diligence and pre-purchase inspections? Are they qualified? Do they know the difference between real and memorex? How do you compare one Corvette on eBay or an auction TV show (if you’re not there) with another? Comments, email: [email protected]

Michaelis Discusses a Decade of Top Corvette Sales

Wednesday, October 27th, 2010

VETTE Magazine asked leading experts to give their thoughts on the top sales and Corvettes from the last 10 years.
Read More

Terr L. Michaelis, ProTeam President

T. Michaelis in his natural habitat among the world class Corvette collection at ProTeam

Ten Most Significant Corvette Sales ’00-’10

Monday, August 9th, 2010

1. 1963 Grand Sport (#2). $4 to $5 million. Fell short of RM reserve of approximately $5 million but within months it sold privately for approximately $5 million.

2. 1962 Corvette Gulf Oil Race Car. Sold at Gooding Auction at Pebble Beach for $1,485,000.00. Great historical car that dates this writer’s personal involvement when he sold this car in the 1970′s for a few hundred dollars as “thought to be” an old drag car out of his bone yard. Oh my!! What a few decades and doing one’s research means to significant Corvettes.

3. 1963 Corvette Z06 Yenko “Gulf One” Race Car. Sold at Mecum’s Kissimmee auction for over one-million dollars. Historical race car with driver present. Great presentation equals great results.

4. 1953 Corvette VIN #003. Sold in ’06 for over $1 million (Barrett-Jackson) and VIN #005 sold same year for over $840,000.00 (Mecum). In 2007, more 1953′s were sold at auction for over $400,000.00 (RM and Worldwide). Only 300 produced with maybe 50% to 60% accounted for. Every true Corvette collection should have at least one!!!

5. 1967 Corvette Coupe “The Last Sting Ray”. Over the top restoration. Over the top promotion by ProTeamCorvette.com of Ohio produced a $660,000.00 winning bid at Barrett-Jackson 2007. Significance is in the eye of the beholder but so much has been written and blogged about this car that can still be accessed at TheLastCorvette.com.

6. 1965 Corvette Cutaway Autorama Display. Sold at RM for over $700,000.00. GM Engineering display and a true marvel. If you never have seen this car, you truly are missing much. Sent to South Africa as an educational devise then reimported in the early part of the 2000′s decade. Neat!!!

7. The L88′s with only 216 produced over a three year span – 1967 (20) • 1968 (80) • 1969 (116). Any sale whether auction or private should be noted. Did Roger Judki pay over the top at Mecum in the earlier 2000′s when he paid $600K plus for the red 1967 12-mile coupe? Was the (BB) auction at Pebble Beach (8/08) for the 1967 L88 Race Car at $744,000.00 a good deal? A slew of 1968 to 1969 L88′s have sold at auction and privately for as high as $650,000.00. ie: 1968=$572K (8/09) • 1969=$446K (10/07) • 1969=$436K (6/08) • 1969=$413K (1/08) • 1969=$335K (1/06) • 1969=$323K (1/25) • 1969=$318K (6/09). The sale (auction) to watch is the 1967 black L88 ex-Tony Delorenzo race car at this year’s Mecum at Monterey auction.

8. The 1970-’72 ZR1′s & The 1971 ZR2′s. The ZR1 is basically a small block L88 where as the ZR2 is GM’s final C3 attempt to produce a big block 425 hp with L88 equipment. Very rare as only 53 ZR1′s were produced over the 1970 to 1972 production years and even rarer are the 12 ZR2′s produced in 1971. Example of auction results for the 1971 ZR2: $550K (Mecum 6/08) • $358K (BJ 1/08) • recent private sales for the 1970, 1971 & 1972 ZR1′s are $250K, $280K, and $100K in need of restoration.

9. GM Styling Corvettes. These are shop order cars that came out of GM Styling and some were done for the “Brass”, ie: Bill Mitchell, Harley Earl, Bunkie Knusen, etc. of which one of the most significant was/is the 1963 Harley Earl Corvette that recently sold for $980K at Mecum’s Spring Indy auction. Just Google Harley Earl and read the volumes of information of what this pioneer did for General Motors before bean counters and Wall Street took over. This is an era that will never be replicated I am sorry to say!!

10. The Original – Unrestored • Unmolested • Survivors that not only are original but also in a condition that they can compete on the show field where they were judged against a standard that they are as they were when driven out of the Corvette plant when new (within reason). These cars represent the most legitimate cars that exist as they are what they are and negate the need for documentation/paperwork (whether real or Memorex). One such example, a 1969 Silver 435 hp convertible with 6,200 actual miles recently sold at RM’s San Diego auction for $231K and many uninformed asked the question, “Why!” as they thought the car was a $100K to $125K car at most. I consider the purchase as “well bought” and in fact was the second to last bid missing this buy for a mere $5,000.00. At the end of the day and as people wake-up they will see that these objects are more than just a car. They are and will be antiques and, like art, will be best left alone. “An item is only original but once.” Please pay attention!!!!

author: Terry L. Michaelis
email: [email protected]
web: ProTeamCorvette.com

note: List is not in any particular order.

57 years ago today…

Wednesday, June 30th, 2010

The Corvette was born!

June 30th, 1953 in Flint, Michigan, our national love affair with the Corvette began and continues to grow as we near the car’s 6th decade.

Let’s all lift our glasses to another 57 years!!

Keith at CorvetteBlogger has some neat vintage shots and more information on the Corvette’s first days.

50th Anniversary of the Corvette’s Greatest Achievement…

Monday, April 26th, 2010

is coming soon as September 17th, 2012 marks 50 years to the day when the Chevrolet Corvette was transformed into the iconic 1963 Corvette Split Window Coupe which is now a milestone and what we believe is the most significant event in Corvette history, thanks in part to the efforts of GM’s Bill Mitchell, Larry Shinoda, and Zora Arkus Duntov. Thousands of photos grace the internet and past magazine articles as the 1963 Split Window Coupe represents a hallmark of the famed Stingray and its design is endless without peers. Few car collections, personal or commercial, are without one such example.

One of ProTeam's 1/2 dozen 1963 Classics

Rare 1955 Corvette brought home…

Tuesday, March 23rd, 2010

from the Amelia Island, Florida Gooding and Co. Auction by… me! This rare 1955 was one of only 700 produced in 1955 and the Pennant Blue paint was only applied to 45 cars that year. Also, 1955 marked the first year for the V8 in a Corvette.
I paid $126,500.00 plus shipping for this past Bloomington Gold award winner which had been part of the Paul Jones Collection of Jonesville, Michigan until Paul sold the car in 2007 at the Mecum Bloomington Auction for $178,500.00.
Will consider an offer on this car that advances ProTeam’s basis should someone appreciate this car as much as we do. Email: [email protected]

Also purchased at auction:
1967 Corvette Convertible, 300 hp, 4 speed… super rare and correct (real) Tuxedo Black with White/Black combo interior with its factory original body/trim tag. One of only a handful produced in this rare color combination. Body-off restored. NCRS Top Flight certified (98.2%) in 2007. Documented with warranty book/P.O.P, window sticker, dealer invoice, original canceled title, notarized deed of trust, owners manual packet, NCRS certificate/judging sheets/ribbon, and 1983 and 1986 dealer reassignment.
I really like this truly exceptional car and paid $73,000.00 plus shipping and am looking for someone who can appreciate it at least as much or more than me and will offer me a profit.
1995 Brand New Pace Car Convertible with only 53 miles from new… one of only 527 built. This car is in the wrapper with window sticker still on windshield. Automatic, leather, and loaded one owner car that I just bought at auction for $33,800.00 plus shipping.
Looking for an appreciative collector to advance my position. Email: [email protected]

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