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$700 Craigslist car find worth millions


Well-known member
Mar 29, 2014
Columbus, NC/NE Georgia
1997 boosted silver coupe
Have you ever looked at a Craigslist car ad and thought, “I wonder if I should take a chance?”
Here’s one that was posted on Craigslist in the Tampa Bay area of Florida about five years ago:

”SERIAL # X53L on documented 1953 pre-production Corvette Frame. We believe this to be a 1953 Pontiac prototype that was to assume the name Longoria? Info received todate indicates that ZAGATO designed and PINNAFARINA constructed the body for GM in late 52.”

The typos and misspelling might have been one clue that the person who wrote the ad did not know much about the car being offered.

“Might anyone have knowledge of some former FISHER BODY executive that could assist in further identifying this automobile?” the ad concluded.

This basket case could have been yours for perhaps $700. To no one’s surprise, it didn’t sell.
Here’s what that wreck actually was: arguably, the most sought-after Corvette ever built. Today it is very likely worth several million dollars.
It is the storied No. 1 Cunningham Corvette.

For the rest of the article: $700 Craigslist car find worth millions | Fox News
Imagine stumbling onto something like that... It would be like buying an old painting and discovering an almost unknown Picasso under a coat of gaudy purple... :)

Kevin Mackay will be restoring the Cunningham Corvette number 1.

Corvette Repair Inc. – Classic Corvette Restorations & Repair | America's Premier Corvette Restoration & Repair Specialists
Portfolio | Corvette Repair Inc. – Classic Corvette Restorations & Repair

Well worth visiting his site. His portfolio is enough to make a grown man drool.

The legal battles over the Cunningham Number 3 Corvette:
Cunningham Corvette battle heads to courts | Autoweek

"In the recent court ruling, US Middle District Judge John E. Jones III agreed to a three-way partnership crafted by lawyers representing Burelli and Mackay that will end the ownership dispute of the car. In the agreement, Mackay’s partners would have to pay him $750,000 to buy out his 30% interest in the car."
Judge in 1960 Cunningham Corvette Le Mans Racer Dispute Agrees to Three-Way Partnership Deal - Corvette: Sales, News & Lifestyle

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