Corvette Market

...now browsing by tag

 
 

Terry Michaelis inducted into Bloomington Gold Great Hall

Wednesday, March 5th, 2014

The Great Hall featuring the People, the Cars, and the Stories
Napoleon, Ohio — Terry Michaelis, President of ProTeam Corvette, has been inducted into the Bloomington Gold Great Hall class of 2014. An honor reserved for those people and cars that were pioneers and influenced the Corvette hobby and the Corvette phenomenon.

The Bloomington Great Hall was designed as a five-year celebration of the 50 most significant and influential people and organizations and the 50 most influential and historic Corvettes; those pioneers, game changers, educators, and inspirators that have forever influenced the hobby. A selection committee of dedicated enthusiasts spearheaded by David Burroughs has assured preservation for the next generation of the stories and the why these people and cars matter. The induction on the grounds of the University of Illinois on June 27th, 2014 will include insights from the inductees, past and present.

Terry Michaelis is co-owner of ProTeam Corvette and has bought and sold more than 10,000 Corvettes in his storied career. Michaelis began his Corvette love affair over 40 years ago on a local car lot. By the mid-1970’s, Michaelis was dubbed “King” of Corvette aftermarket parts. Michaelis and his brother, Fred, formed ProTeam Classic Corvette in 1987, where they assembled the largest most dynamic collection of classic Corvettes in the world. He has become such a world-renowned expert on Corvettes that his knowledge has been the focus of hundreds of radio interviews and newspaper articles, as well as a long list of industry publications. Terry continues to lobby for the collector Corvette community with the same passion and affection for over the top marketing that he first had when he bought and sold his first Corvette in 1971.

Terry is honored to be included in the Great Hall but wants to make clear this hobby is much bigger than fifty people, “As flattered as I am to accept entry into the Great Hall, I don’t enter alone. I take along the decades of indelible friendships and memories,” he added, “It is those folks who stand in the shadow of our hobby. We fifty represent them and the thousands of other unsung Corvette scholars, craftsmen, and weekend warriors that ensure this hobby’s survival.”

Terry enters the Great Hall alongside members of the 2014 inductees including (People and Organizations) Cypress Gardens, Bob Gold/Bob Cook Auctions, Al Grenning, Ronnie Kaplan, Irwin Kroiz, Karl Ludvigsen, National Corvette Museum, Vince Piggins, and Larry Shinoda. For more information, email Bill Locke at [email protected] The Corvettes making the grade are the 1955 Duntov Mule, 1963 Mark II Z06; the 1966 427 coupe, the 1967 327 coupe, the 1967 DX L88, the 1968 Owens-Corning Racer, the 1969 Rebel L88 Racer, the Pratt and Miller Le Mans Racer; the fourth-generation Corvette; and the C7 Corvette. To learn more about the Great Hall and Bloomington Gold, visit BloomingGold.com or email [email protected]

ProTeam’s world famous classic Corvette collection, Napoleon, OH. The inventory of 1953 to 2003 Corvettes is open to the public in climate controlled indoor showrooms. Many of these Corvettes have been beautifully restored to like-new condition and carry prestigious honors such as the Bloomington Gold Certification, NCRS Top Flight award, and the Triple Crown designation. ProTeam Corvette is recognized as the nation’s leader in classic Corvette sales, service & restoration selling an estimated 10,000+ Corvettes over the past four decades. Email: [email protected] or on the web: www.proteam-corvette.com

NCRS Horsepower War Seminar a Success…

Wednesday, December 4th, 2013

as Nearly 200 people spent an early November Saturday at ProTeam listening to panelists and presenters which included many GM insiders and retired engineers. Their anecdotes and industry knowledge featured candid discussions about the mid-60’s horsepower wars making for a one-of-a-kind experience for even the most casual Corvette enthusiast. The world famous ProTeam Corvette collection welcomed a few more additions for the day including a 1967 unrestored L88 Corvette convertible, the James Garner Team AIR L88 #44 Corvette, the 1969 Greenwood BFG L88 #49 Corvette, the first experimental engineering big block motor that made its way into Grand Sport #3 in time for Sebring, and a 1969 OEM ZL1 motor. The daylong event brought folks from as far away as Delaware, New Jersey, Nevada, Connecticut, Maryland, and Canada and brought together Millennials and Baby Boomers. It truly was an affair to remember. The NCRS Chapters of Michigan, Heart of Ohio, and Indiana delivered on their promise of an event like no other. They have set the bar high for the 2014 Seminar. Click here to read the whole story. Comments? Email [email protected]

 

L88 War Horse Display at ProTeam

Value Trumps Price…

Friday, November 15th, 2013

Collector Car Math: Value + Price + Exhilaration = Complete Satisfaction. I have asked/answered this equation thousands of times over my lifetime and since the Great Recession of 2008 took hold, the importance of getting this equation right has taken on a new importance. It isn’t just me but anyone who dabbles in the passionate world of collector cars has asked these questions. Mike Farbairn (RM Magazine, Summer ’13) wrote an article giving some sound advice in purchasing a classic car. First he asks, “How much is too much?” Ownership tenure involving a quick turn around like flipping the car and short-term ownership (90 to 100 days) necessitate a perceived monetary profit translating to a bargain hunter’s mentality. Long-term classic car proprietorship is a bit more ambiguous. It involves a bigger commitment to the car’s integrity, provenance, and market value. “In my experience, the very best is seldom cheap” but rest-assured the work in acquiring the “long-term hold” will pay dividends down the road. How can Mike be so sure? He is certain because of two universal collector car truths; (1) the market has always surpassed retail price and (2) when you own the best, there is always a profitable resale market. So in the end, Value Trumps Price. Price is secondary to exhilaration. Passion is incalculable.  Questions or comments? Email: [email protected]

1958 Corvette Convertible | Value Trumps Price

1958 Corvette Convertible | Value Trumps Price

ProTeam Corvettes Go 3 for 3 at Bloomington Benchmark Judging

Monday, July 8th, 2013

ProTeam Corvettes won not one, not two, but three Benchmark awards at the June 2013 Bloomington Gold event held in Champaign, Illinois. This feat is a rare jewel among Corvette hobbyists and unheard of when considering they were judged from one collection in the same weekend.

Bloomingtongold.com defines the BENCHMARK Certification® as the ultimate standard for unrestored vehicles. Fewer than 200 Corvettes over that period have earned the right to the award since 1991 and for good reason.

BENCHMARK could just as easily be called the IRON MAN for the gauntlet the car must pass though in the short 48-hour period. To gain entry into the field, the Corvette must first be deemed at least 51% original, complete a road course, demonstrate its originality and then be called BLOOMINGTON SURVIVOR before moving onto GOLD judging. There the car must be judged (95%) alongside the pampered restored cars and then earn GOLD. This combination wins the elusive BLOOMINGTON GOLD BENCHMARK. A phenomenal success for three very special original unrestored Corvettes.

ProTeam’s world famous collection three Corvettes up to the task were a Red/Black 1963 Fuelie Z06 Split Window Coupe; a Daytona Blue 1963 Export Right Hand Drive Fuelie Z06 Split Window Coupe that was an ex-GM Holden show car that served duty at the Melbourne and Sydney Motor Shows in Australia; and a White/Green 435hp 1967 Convertible from Allen Green Chevrolet of Seattle, Washington.

A combination of low miles and a “massage” back to life by the ProTeam shop and these cars had little trouble on the road and through the operations checks. Note that this is no afternoon in the sun with the hushed tones and static displays of other shows. The BENCHMARK judging creates its own energy. If not by the atmosphere but by the people who live these cars. “These shows need more energy and I gave them my two dollars and two cents worth.” Terry Michaelis, ProTeam president, made this comment before his signature burnout as he approached the awards ceremony to the cheers of the spectators. “Burn baby burn!”

These three BENCHMARK Corvettes as well three barns of L88s, LS6s, muscle, and Sunday drivers are on display in ProTeam’s world famous classic Corvette collection in Napoleon, Ohio. The inventory of 1953 to 2008 Corvettes is open to the public in climate controlled indoor showrooms. Many of these Corvettes have been beautifully restored to like-new condition and carry prestigious honors such as the Bloomington Gold Certification, NCRS Top Flight award, and the Triple Crown designation. ProTeam Corvette is recognized as the nation’s leader in classic Corvette sales, service & restoration selling an estimated 10,000+ Corvettes over the past four decades. Email: [email protected] or on the web: www.proteam-corvette.com

2013 marked Bloomington Gold Corvettes USA’s 40th anniversary.  Bloomington Gold is the longest running continuous national Corvette event and it has set the standards by which other Corvette events are measured. For more information about Bloomington Gold go to BloomingtonGold.com or email [email protected]

 

ProTeam Classic Corvette world famous collection

ProTeam Corvette goes 3 for 3 in Bloomington Benchmark judging

15 Reasons To Preserve And Not Restore Your Original Car…

Wednesday, May 8th, 2013

Examples of original cars recently sold at auction:

1. 1963 Corvette 360 hp Coupe – sold at Mecum for $328,600.00

2. 1963 Corvette 340 hp Coupe – sold at Mecum for $291,500.00

3. 1965 Shelby 289 Cobra – sold at Gooding & Co. for $1,320,000.00

4. 1966 Shelby GT 350 Fastback – sold at Barrett-Jackson for $247,500.00

5. 1967 Shelby GT 500 Fastback – sold at Barrett-Jackson for $192,500.00

6. 1967 Corvette 435 hp Convertible – sold at Mecum for $265,000.00

7. 1967 Corvette 435 hp Convertible – NO SALE at Mecum for $185,500.00

8. 1968 Corvette 435 hp Convertible – sold at Mecum for $83,740.00

9. 1969 Corvette L88 Convertible – sold at Gooding & Co. for $825,000.00

10. 1969 Corvette L88 Coupe – sold at Mecum for $595,720.00

11. 1969 Boss 429 Fastback – sold at Mecum for $442,000.00

12. 1969 Boss 429 Fastback – NO SALE at Mecum for $296,800.00

13. 1970 Plymouth Hemi Cuda – sold at Mecum for $339,200.00

14. 1975 Oldsmobile 98 Coupe  - sold at Barrett-Jackson for $47,300.00

15. 1978 Cadillac Eldorado –sold at Mecum for $50,350.00

There are dozens of other examples that I could recite about original, unrestored, unmolested cars.

Original, unrestored, unmolested cars are the pinnacle of preservation and an icon of fresh air after looking at hundreds of boring restored classic cars that are wearing their new basecoat/clear coat finishes and heavily Armor-All’d interiors.

Restoring these original unmolested cars robs the car of its soul, destroys its fingerprints and character and some would say is an act of vandalism.

We are but temporary caretakers of these pieces of automotive history and as we and the market matures we are seeing the whole automotive preservation movement growing out of its infancy and its being recognized by more than just the seasoned collector.

Comments or questions email: [email protected]

For more information on the preservation movement, click here and read David Burroughs article on Restore it? Or Not!

From ProTeam to primetime…

Wednesday, January 23rd, 2013

These bad boys go on the block in Kissimmee in two days (1/26/13).
- 1971 ZR2 Orange Corvette Convertible, Stk. #NSN-WOW
- 1968 L88 Red/Red Corvette Convertible, Stk #1129C

Classic Corvettes for Sale

'71 ZR2 Orange Corvette Cvt. | '68 L88 Red Corvette Cvt.

Untold Story of the Earliest Corvette Sting Ray

Friday, January 4th, 2013

Were it not for a twist of fate and a controversy within GM, this unique Corvette, if returned to the US, would have most likely met its end in the crusher!

The Expatriate resides in a private collection in London

However, since leaving GM Styling in late September 1962 for London’s Earls Court show stage, it has never returned home. A barn find back in 1982, it has remained in a private collection in London for thirty years.

The coupe arrived at GM Styling ahead of the main pilot line as a body and unnumbered frame assembly only. Identified by Styling data tag as S.O #10271 as early as May 62 on drawings found, marked 63 Corvette Custom (it is believed to be earlier). The complete floor pan, inner wing panels, lower front panel, doorsills and spare wheel tub are all hand formed GRP. Drawings list the Coupe at Interior Engineering in June referenced to Electric seats. Power seats had been tested in the XP720 coupe listed together with #10271. Bodywork finished in primer with numerous test siting/ locating holes for front, side and rear emblems. Experimentally trimmed in Silver leather with silver steering wheel and used for photography in the studio. All interior panels, remain the originals and are all marked with the S.O in black marker. Numerous trims and mouldings are hand formed in brass and chrome plated. Rear window mouldings are unique one piece construction in brass and chrome plated, retained by dozens of tiny brass screws. These one piece mouldings have been identified on GM archive footage and were also used on the prototype 4 passenger coupe. Numerous other interior differences as compared to known pilot line and production models.

It is believed that there was no power plant or transmission installed at this time – a push/pull mule!

The power plant is an incredibly rare,( one of only a few known) hand assembled Flint” Dyne Lab” engine, 59 283 290hp CS with unique 3758584 heads. Dyne lab inspection letters hand stamped to engine. As yet unidentified GM intake manifold. Engine painted red, detailed in red with various hand- made, chromed, GM engineering pieces. Engine bay shows experimentation with fuel injection. The larger radiator frame also suggests F.I but there is no frame cut out for the airway to plenum. The radiator has a small brass tag with SO T1 stamped into it and is copper and not aluminium. Transmission is a showpiece 4 speed M10 finished in ” Mitchell Blue”, unstamped. Bell housing is very first casting early type 3788421 but with no cast date or revision markers! A generator provides the current and not an alternator, as one would expect for 63. For reliability, an alternator is currently fitted along with a 63 fan to assist cooling. A full biopsy on the engine has never been carried out but it does appear incredibly lively!

From GM Styling files, on June 28 62 the Coupe was sent for paint. A brilliant high metal flake Airframe silver (not Sebring as imagined). It was also re-trimmed in full, in black hand stitched leather, including doors, dashboard and headlining. Panels of the original Silver leather are still present today beneath the revised black covering.

Trim Tag reads: Trim: BLK COLOR: PRIME

From July 62 the coupe was relisted on drawings as S.0 #10271 LONDON SHOW COUPE following a request for a show car by GM Canada.

Various additional trim pieces were fitted including chromed door locks, unique chromed plates to inner and outer door shuts. Unique front side emblems. All fittings have S.O number engraved on them, some initialled and dated. Instruments are stamped “ Show Job” initialled and dated 16 July 62.

27th August 1962 Stamped as build date to trim tag. Body 13 and pilot line Vin Tag #23 added.

Sometime in the latter part of September the show transmission was installed, however, the 59 power plant remained and the Coupe left Warren for England in time for the London Motor Show, 2nd week October.

It was delivered in secrecy, under covers to Earls Court Stand 138 sponsored and administered by GM Canada. It was to be shown alongside A Corvair Monza Coupe and a 4 door Impala saloon.

With 2 days to “ Press Day”, some GM execs from GM Canada’s European offices in London, visited Earls Court to see their latest offering up close. They were presented with a stunning Silver Corvette Sting Ray Coupe.

Blind panic ensued when, upon opening the hood, it was discovered that the new car did not have a 360 hp fuel injected power plant, as ordered and publicised! A frantic effort to find a replacement began and a second Silver Coupe (most likely the Turin Show car en route) arrived at the end of press day!

S.O #10271 languished under covers in a basement garage in central London for several months, until it was eventually registered for the road in January 1963. It is believed, but not confirmed that it was registered to GM in London as a company vehicle. It has been herein the UK since.

With only 72,000 original miles it is still used but understandably only occasionally. It has only been shown once at Good wood in 2003, at the “Cartier Style Et Luxe” concours. As part of Corvette’s 50th alongside GM’s Mako Shark and others, it was awarded best in class.

2006. It took park in the Drivers Parade with GM racing at the 24hrs of Le Mans and completed a full parade lap of the Le Mans circuit.

S.O # 10271 is quite unique. The only “63 Styling” buck. It is the earliest, fully documented “ Sting Ray”. It is also the earliest C2 S.O. car and the only 63 Show coupe in existence.

With thanks to: Jerry Palmer, Chuck Jordan, Franz Estereicher and Ken Kaiser ex GM. To Jim Gessner and Noland Adams

For more photos of this unique split window Corvette, click here

Corvettes are Now Wanted…

Monday, December 17th, 2012

by ProTeam during the month of January 2013…

A) 1958-’60 Corvette in any condition

B) 1963 Split Window Coupes, prefer very nice 340/360 hp or factory air

C) 1967 Marina Blue 435 hp convertible with white interior in show condition

D) Barn Cars and Projects

E) Whole Collections

F) Always searching for: Z06’s, L88’s, L89’s, LS6’s, ZR2’s, ZR1’s, LT1’s, COPO’s, fuelies, special 425’s/435’s/RPO’s also Chevrolet Engineering and Styling cars and purpose-built Corvettes for racing (RPO-684/687’s). Save big money by avoiding auction fees, shipping, travel, and lodging expenses. The real deal for over 40 years! Very selective! The rarest of the rare and exclusively exclusive!!

Fill out our form at CorvettesWanted.com or email: [email protected]

The Monterey Collector Car Auctions…

Monday, September 17th, 2012

produced a total of over $260 million in classic and collector car sales per Sportscar Market magazine. This is a new record that shattered last year’s $198 million record and the previous year’s $172 million record. Car collectors have already realized that collector cars are the gold standard and are a tangible appreciating asset. Questions or comments, email [email protected]

Z06 Corvette Delivered to ProTeam via Australia

Monday, April 9th, 2012

1963 Corvette Split Window Coupe Z06 Export returns home from Australia

Napoleon, Ohio – - ProTeam Classic Corvette brought home a piece of GM hardware that is both historically important and desirable in any collection and on any continent. The 1963 Split Window Coupe Right Hand Drive Z06 Fuelie was delivered new to GM’s Sydney, Australia division where it sold privately in 1964. The expatriate enters as a jewel in ProTeam’s world class Corvette collection where its incredible journey may only be beginning.

The 1963 Corvette Split Window Coupe Export Right Hand Drive Z06 Fuelie is one of 199 with the Z06 special performance equipment and this one is radio delete. The Daytona Blue paint with Dark Blue interior are both original and in excellent condition. This Corvette drove off the factory line on May 11th, 1963 and delivered new for export to Australia (dealer code 2 in zone 21) per the official NCRS/GM Shipping Data Records.

ProTeam purchased the 1963 Split Window from the second owner. It is a GM Show Car with 22,723 actual miles. A very original unmolested car that would be a big hit on the show field, especially as a Bloomington Gold Survivor candidate. It was displayed in the 1963 Sydney and Melbourne Motor Shows while owned by GM and then purchased from GM in Sydney in 1964 through R.C. Phillips Sports Car World.

“The 50th Anniversary of Corvette’s Greatest Achievement 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.” Terry Michaelis, ProTeam Corvette president, commented on acquisition of this special Corvette, “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.”

ProTeam is seeking information regarding this car’s build and purpose by Chevrolet/GM. They are specifically seeking the April 1980 Melbourne Sunday Press article concerning the Corvette convention and this Z06 Corvette. Contact Terry Michaelis directly at [email protected] if you have any information on this iconic Corvette.

ProTeam Classic Corvette Collection and Sales based in Napoleon, Ohio, showcases the largest inventory of classic Corvettes in the world. More than $20 million worth of Corvettes are displayed in 60,000 square feet of showrooms and restoration facilities in Napoleon with nearly 150 classic Corvettes on display at any time.  For additional information, contact ProTeam at P.O. Box 606, Napoleon, Ohio 43545, call 1.888.592.5086 or visit www.proteamcorvette.com.

css.php