We’ve all bought things in the past, put them away, and simply forgot about them. Things like a $10 electronic gizmo, or like me, a $150 tablet (ugh, don’t ask), are somewhat normal, but how about a $500,000 collection of Corvettes? I don’t think that is something that I could stash away in various garages and simply forget about.
Well, one guy did. Meet Peter Max; he’s the man who bought this collection of cars to create some sort of art show out of, but instead allowed them to rot for the last 25 years.
The back-story goes all the way to a contest that VH1 – remember that station? – ran back in 1989. The music-video station collected one Corvette from each year between 1953 and 1989, and gave them away.
There was a catch, however, as the savvy network required people to enter via a hotline that charged $2 per entry, which ended up with VH1 turning a nice profit.
The winner was one Dennis Amodeo, who took delivery of the estimated $600,000 worth of American fiberglass and steel, and sold them to the aforementioned artist for $250,000 in cash and $250,000 in future profits from his art.
As you can see by the image, the cars fell into serious ill-repair over two and a half decades until a man and his partners approached Max about buying the cars. Max agreed, and now the cars are now on the way to becoming whole again.
Click past the jump to read more about this forgotten Corvette collection.
Forgotten $500,000 Corvette Collection Discovered in a Garage originally appeared on topspeed.com on Sunday, 15 February 2015 23:00 EST.
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