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Over $240 Million Dollars…

Wednesday, February 15th, 2012

was raked in by seven collector car auction companies in January 2012; which is a huge increase over last January 2011 that hovered right at $200 million dollars. 2011 was a re-rebirth of growth in collector car/Corvette values and January 2012 saw many “leap frog” sale prices of extreme and moderately desirable collector Corvette. Highlights from the 7 January collector car auctions:
1953 White Convertible – Sold $467,500.00
1953 White Convertible – Sold $455,500.00
1954 Blue Convertible – Sold $176,000.00
1955 White Convertible – Sold $176,000.00
1955 Blue Convertible – Sold $165,000.00
1959 Big Brake Fuelie – Sold $174,900.00
1960 Big Brake Fuelie – Sold $185,500.00
1961 Gulf Oil Race Car – no sale $901,000.00
1961 Big Brake Fuelie -no sale $217,300.00
1962 Resto-Mod – Sold $401,500.00
1962 Resto-Mod – Sold $357,000.00
1963 Coupe Resto-Mod Red – Sold $270,300.00
1963 Convertible 300 hp Air Automatic – Sold $148,400.00
1965 Blue F.I. Convertible – Sold $118,800.00
1966 Resto-Mod – Sold $282,700.00
1966 White 425 hp Convertible – Sold $143,000.00
1966 Convertible 425 hp – Sold $139,920.00
1967 Blue 435 hp Convertible – Sold $249,100.00
1967 Maroon 435 Convertible – Sold $205,000.00
1967 Black (color change) 300 hp – Sold $113,300.00
1968 Silver L88 Convertible – Sold $687,500.00
1969 Orange L88 T-Top – Sold $451,000.00
1969 White L88 Convertible – no sale $424,000.00
1969 Yellow L88 Convertible – Sold $646,600.00
1969 Blue L88 T-Top – Sold $286,200.00
1972 Green LT1/ZR1 T-Top – Sold $137,800.00
2010 ZR1 Serial #1 – Sold $203,500.00
These are huge numbers that show the popularity of Corvette collecting is again on the rise. Questions or comments? Email: terry@proteamcorvette.com

Nominate Someone for the Great Hall…

Wednesday, January 4th, 2012

I have again been asked to serve on the Bloomington Gold Great Hall Selection Committee so if you know of someone (including yourself) that you believe deserves to be inducted into the Bloomington Gold Great Hall, please send your nomination to terry@proteamcorvette.com. However, the standards criteria are quite high.

To qualify, a selection committee* will review all nominations and evaluate the strength of their contribution to the Corvette community, how much they influenced the direction of the Corvette hobby, or how historically important their accomplishment(s) have been. If you can answer these three questions easily, then your nomination may have a good chance of qualifying as one of only 50 people to be inducted during the five year program.
1. Specifically, what did this person do to contribute to the greater good of the Corvette community? What did they give?
2. Specifically, how did this person influence the direction of the Corvette community?
3. Specifically, what accomplishments did this person make that were or are historically important?

Anyone nominated with supporting documentation why they should be inducted will be considerably more likely to increase their odds of being inducted. Remember, it’s not a popularity contest. It’s about who really had an impact on the Corvette hobby, industry, or community.

The Great Hall has already inducted 20 individuals over the past two years. There are 3 years remaining in the program and therefore 30 open induction slots. Send your nominations (and reasons why) today.

Next month you can nominate specific Corvettes for the Great Hall.

*Selection Committee: Bill Lock, Terry Michaelis, Mike Yager, Bill Mock, Jim Prather, Gary Mortimer, Roger Judski

Comments or questions? Email terry@proteamcorvette.com

1969 L88 Sells for $596,250.00…

Tuesday, November 1st, 2011

on October 8th, 2011 at the Mecum Dallas, Texas inaugural auction. This L88 T-Top was pretty much an unrestored car that received a 3-category Bloomington Survivor and also had an additional short list of show awards. One would certainly think with Texas’s good economy that this car would stay in Texas but it found a home in the midwest. Comments? Email terry@proteamcorvette.com

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 terry@proteamcorvette.com

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: terry@proteamcorvette.com
web: ProTeamCorvette.com

note: List is not in any particular order.

Terry Michaelis on Selection Committee for The “Exclusive” Great Hall

Tuesday, June 1st, 2010

or What Do These Names Have in Common… Terry Michaelis of Napoleon, Ohio and Hall-of-Famer Reggie Jackson”Mr. October”

Napoleon, Ohio – - Terry Michaelis, president of ProTeam Classic Corvette Collection, has been named to the selection committee for Bloomington Gold’s The Great Hall, ie: Hall of Fame. Terry is in good company as some of the biggest names in the hobby sit on the eight member committee, among them is baseball hall-of-famer Reggie Jackson who is also a Corvette collector. Over the next five years, the committee will submit 50 of the hobby’s most significant Corvettes and 50 of its most influential people that pioneered the Corvette phenomenon for induction to The Great Hall.

Bloomington Gold USA founder, David Burroughs, decided to put together a select brain trust to find the Corvettes and the people that have influenced and shaped the sport. A selection committee will name ten people and ten cars each year for the next five. The inaugural Great Hall class will be announced at the Bloomington show in June. The Great Hall’s selection committee runs independently of Bloomington Gold making this more than a marketing gimmick for the annual show. Burroughs would like The Great Hall to “serve as a document that puts the Corvette phenomenon into print and serve as a historic document.”

Terry Michaelis has been a recognizable figure within the classic Corvette hobby for 38 years. His lifelong connection to these Corvettes and the people passionate for these cars made him a natural for the The Great Hall selection committee. “The Corvette phenomenon was and is driven by passion and the love of the marque with many milestones along the way but  it is more than just about the car.” Michaelis continued, “Bloomington has always been about connections. It’s renewing friendships. Reminiscing. First and foremost, it is the people that have chartered the course to the point of ‘The Great Hall’.”

Michaelis purchased a 1964 Corvette in 1971 and never looked back. Over the decades he has became synonymous for his over-the-top promotions and his encyclopedic knowledge of the Corvette. In 1987, he and his brother Fred opened ProTeam Corvette in Napoleon and are owners of the largest collection of classic Corvettes in the world. He’s bought and sold over 10,000 Corvettes in nearly four decades with a current collection boasting several 1953 Corvettes, some 30 iconic 1967′s, a stable of coveted L88′s, and two GM Styling cars, one of which he was recently seen on Discovery Channel bidding to a successful purchase of $925,000.00.

Bloomington Gold USA will mark its 38th annual show on June 25th-27th, 2010. It has become a mecca for Corvette enthusiasts worldwide. It pays close and continual attention to both the die hard hobbyist and the everyday fan. An award from Bloomington carries much weight within the Corvette set, moreover, past Special Collections have generated unrivaled buzz within all collector car circles. These examples and much more have made Bloomington Gold the longest running national Corvette show. It has become affectionately known as “The Granddaddy of all Corvette shows”. For more information, go to BloomingtonGold.com

ProTeam Classic Corvette Collection and Sales, based in Napoleon, Ohio, showcases the largest inventory of classic Corvettes in the world. More than $10 million worth of Corvettes are displayed in 60,000 square feet of showrooms and restoration facilities with over 100 classic Corvettes on display at any time. In addition, ProTeam offers more than 10,000 sq. ft. of used, new and hard-to-find parts. For additional information, write to ProTeam Corvette  • PO Box 606 • 1410 North Scott Street • Napoleon, OH 43545 • toll free: 888-592-5086 • For more information, email: beth@proteamcorvette.com or go to ProTeamCorvette.com

’09 Show Awards for ProTeam- 52 Awards in ’09

Monday, January 4th, 2010

This is an impressive list from a most impressive collection:
April 2-4, 2009 • NCRS Top Flight • 1969 L88 Green • Chapter
April 23-25, 2009 • NCRS Top Flight • 1981 VIN #72 • Regional
April 23-25, 2009 • NCRS Top Flight • 1969 L88 Green • Regional
April 23-25, 2009 • NCRS Nomination for Bowtie • 1969 L88 Green • Regional

May 2-3, 2009 • Keels & Wheels Concours d’Elegance Best in Class • 1968 L88 Red

June 5-6, 2009 • NCRS Top Flight • 1953 Corvette VIN #39 • Chapter
June 5-6, 2009 • NCRS Top Flight • 1953 Corvette VIN #268 • Chapter
June 5-6, 2009 • NCRS Top Flight • 1967 Red 435 • Chapter
June 5-6, 2009 • NCRS Top Flight • 1968 L88 Red • Chapter
June 5-6, 2009 • NCRS Second Flight • 1969 Black 435 • Chapter
June 11-13, 2009 • NCRS Top Flight • 1967 Black 400 hp Air • Regional
June 11-13, 2009 • NCRS Top Flight • 1968 L88 Red • Regional
June 25-27, 2009 • Bloomington Gold • 1953 Corvette VIN #93 • National
June 25-27, 2009 • Bloomington Silver • 1953 Corvette VIN #39 • National
June 25-27, 2009 • Bloomington Silver • 1953 Corvette VIN #268 • National
June 25-27, 2009 • Bloomington Silver • 1967 Red 435 • National
June 25-27, 2009 • Bloomington Special Collection • 1968 L88 Red • National
June 25-27, 2009 • Bloomington Special Collection • 1969 L88 Yellow • National
June 25-27, 2009 • Bloomington Survivor • 1969 L88 Green • National
June 25-27, 2009 • Bloomington Gold • 1969 L88 Green • National
June 25-27, 2009 • Bloomington Benchmark • 1969 L88 Green • National
June 25-27, 2009 • Bloomington Survivor • 1970 LT1 Grey • National
June 25-27, 2009 • Bloomington Silver • 1970 LT1 Grey • National
June 25-27, 2009 • Bloomington Special Collection • 1971 LS6 Export • National
June 25-27, 2009 • Bloomington Survivor • 1972 Convertible • National
June 25-27, 2009 • Bloomington Gold • 1972 Convertible • National
June 25-27, 2009 • Bloomington Benchmark • 1972 Convertible • National
June 25-27, 2009 • Bloomington Survivor • 1981 VIN #72 • National
June 25-27, 2009 • Bloomington Gold • 1981 VIN #72 • National
June 25-27, 2009 • Bloomington Benchmark • 1981 VIN #72 • National

July 12-17, 2009 • NCRS Top Flight • 1967 Black 400 Air • National
July 12-17, 2009 • NCRS Top Flight • 1968 L88 Red • National
July 12-17, 2009 • NCRS 4-Star Bowtie • 1969 L88 Green • National

August 28-30, 2009 • Carlisle Race Car Reunion Invitational • 1965 Suisse Racer • National

September 16-20, 2009 • NCRS Top Flight • 1967 Red 435 • Regional
September 16-20, 2009 • NCRS Performance Verification • 1969 L88 Green • Regional
September 16-20, 2009 • NCRS Bowtie Display • 1969 L88 Green • Regional
September 16-20, 2009 • NCRS Top Flight • 1972 Convertible • Regional
September 16-20, 2009 • NCRS Nomination for Bowtie • 1972 Convertible • Regional

October 10, 2009 • NCRS Second Flight • 1961 Fuelie RPO-687 • Chapter
October 10, 2009 • NCRS Top Flight • 1993 ZR1 • Chapter
October 10, 2009 • NCRS Bowtie Display • 1969 L88 Green • Chapter
October 15-17, 2009 • NCRS Top Flight • 1964 White Coupe • Regional
October 15-17, 2009 • NCRS Performance Verification • 1972 Convertible • Regional
October 15-17, 2009 • NCRS Bowtie Display • 1969 L88 Green • Regional

November 20-21, 2009 • Corvette Nationals L88 Invitational • 1968 L88 Red • National
November 20-21, 2009 • Corvette Nationals L88 Invitational • 1968 L88 Blue • National
November 20-21, 2009 • Corvette Nationals L88 Invitational • 1969 L88 Green • National
November 20-21, 2009 • Corvette Nationals Triple Diamond Award • 1972 Convertible • National
November 20-21, 2009 • Corvette Nationals Concours Gold Certified • 1968 L88 Red • National
November 20-21, 2009 • Corvette Nationals Concours Silver Certified • 1968 L88 Blue • National
November 20-21, 2009 • Corvette Nationals Concours Silver Certified • 1969 L88 Green • National

If you want more information on the Corvettes? Go To Click to continue »

Celebrity Pick at Carlisle…

Tuesday, September 8th, 2009

It was an honor to be asked to be a celebrity judge at the recent Corvettes at Carlisle show and the choice was a hard one considering there were about 3,000 Corvettes to choose from. After walking row after row of mostly C4, C5, and C6′s or restored C1′s, C2′s, and C3′s, I came across an original, unrestored, unmolested black 1963 coupe that was in excellent condition making his decision, finally, easy!!! Congratulations to Jeff and Angela Boldosser for preserving a great original car and sharing it with almost 60,000 attendees at one of North America’s premier Corvette shows.

Terry’s B-List (The Affordables)

Friday, March 21st, 2008

1955 V-8 • 700 produced (7 Blue Flame Six; 693 with V-8′s) • values $125K to $350K
1957 Fuelie • 1,040 produced (RPO-684 HD racing suspension, 51 produced; RPO-579E air box, 43 produced) • value $250K up on the RPO-684/579E
1958-’62 Fuelies • RPO 684 + RPO 687 HD brakes + suspension; 884 produced in all 5 years/177 per year • value $150K up (1958 RPO-684 are very special and more expensive)
1958-’61 Dual Four • 245 hp and 270 hp • value $100K up
1963 Fuelie Split Window • 1,300 prox. produced • value $100K up
1965 Fuelie • last year fuelie (771 produced) • value $100K up
1965 396-425 hp • first/last year for the 396 (only 2,157 produced) • value $100K up (M-22 adds $150K to $250K)
1966 427-425 hp • 5,258 produced • #2 in top 40 fastest muscle car list • value $100K up • 15 M-22 produced (adds $150K to $250K)
1967 435 hp • 3,754 produced (popular then/popular now) • colors & documentation is important & rare • value $150K up
1963-’67 Tanker • 63 ’63′s produced, 38 ’64′s produced, 41 ’65′s produced, 66 ’66′s produced, 2 ’67′s produced • values range $125K up • ’63′s are hot and just try to find a ’67 (probably $500K to $1 million)
1967 400 hp/air/convt. • colors & documentation is important • value $150K up
1968/69 L-89 • 624 1968′s/390 1969′s produced with aluminum head option • value $150k up
1968/69 435 hp • 2,898 (’68) 2,722 (’69) produced • colors/documentation adds a lot • values $100K up
1970 LT-1 • 1,287 produced • value $60K up
1971 LT-1 • 1,949 produced • value $60K up
1972 LT-1 • 1,741 produced • value $60K up • add air and price soars especially convertibles (less than 50)

footnotes:
A) must be the real deal… not fakes or frauds
B) Colors (Black) adds a lot… must be real factory original body/trim tag
C) Original documentation, history, and Bloomington/NCRS show awards adds a lot,br>
D) Original rare options adds a lot (set of Kelsey bolt-on wheels and red stripe tires sold on eBay in ’07 for $33K)
E) Original, unrestored in excellent condition adds a lot.
condition based on #1 or #2
F) Caveat Emptor (Buyer Beware). We are adrift in a sea of sharks disguised as mermaids.
G) When it is time to sell… be a smart seller. High-profile events like the Barrett-Jackson and Mecum Muscle Car auctions will get you more money for your car than newspaper and trade publication advertisements. Plan ahead if you’re considering selling your baby: seek good lot numbers (pay a premium if you must) and baby-sit your car during the event to answer questions and show pride in your car – it is a reflection of you, and people simply pay more if they like the seller.
A-E) Equals an overall package and desirables.

Much of information is based on writer’s personal knowledge and prices achieved at high profile public auctions.

Terry’s A-List (When money is no object)…

Friday, March 7th, 2008

1963 GRAND SPORT • 5 produced • value $6 million and up (good luck)… none for sale
1969 ZL1 • 2 produced • value $3 million and up (good luck)… none for sale
1967 L-88 • 20 produced • value $1.5 million and up (good luck)… none for sale
1968/69 L-88 • 196 produced • value $350K to $750K (They are out there)
1971 ZR2 • 12 produced • value $350K to $650K (4 known to exist)
1967 L-89 • 16 produced • value $450K to $750K (few known to exist)
1953 BLUE FLAME • 300 produced • value $300K to $500K (VIN 003 sold for $1 million; VIN 005 sold $850K)
1963 Z06/TANKER • 63 produced • value $275K to $400K (add for race history)
1970-’72 ZR1 • 53 produced • value $125K to $200K (few exist)
1971 LS6 • 188 produced • value $125K to $200K (not hard to find)

footnotes:
A) must be the real deal… not fakes or frauds
B) Colors (Black) adds a lot… must be factory original body/trim tag
C) Original documentation, history, and Bloomington/NCRS show awards adds a lot
D) Original rare options adds a lot (set of Kelsey bolt-on wheels & red stripe tires sold on eBay in ’06 for $33K)
E) Original, unrestored in excellent condition adds a lot.
F) Caveat Emptor (Buyer Beware). We are adrift in a sea of sharks disguised as mermaids.
G) When it is time to sell… be a smart seller. High-profile events like the Barrett-Jackson and Mecum Muscle Car auctions will get you more money for your car than newspaper and trade publication advertisements. Plan ahead if you’re considering selling your baby: seek good lot numbers (pay a premium if you must) and baby-sit your car during the event to answer questions and show pride in your car – it is a reflection of you, and people simply pay more if they like the seller.
A-E Equals an overall package and desirables.

Much of information is based on writer’s personal knowledge and prices achieved at high profile public auctions.