A 1989 Chevrolet Corvette that was stolen from a Morena car dealership when new was for sale on an eBay Motors auction this week.
The Corvette was reportedly taken off the C&M Chevrolet lot and kept inside a nearby storage locker for 24 years. Still completely original, the car’s odometer reads 67 miles, and the original sales sticker remains affixed to the glass.
The thief recently came forward, reportedly through an attorney, and was cleared by the San Diego police to sell the car (whether this was due to a statute of limitations expiring is unclear). The thief allegedly paid an estimated $70,000 in storage costs over the years. Comparable used models of the same year vehicle are now valued at less than $10,000.
The “truly amazing find” is now owned by a Sherman Oaks dealer, Corky Rice. Following extensive detailing work to remove a quarter century's worth of dust, the red ragtop is in cherry condition once again and described as “a collector’s dream.”
The eBay no-reserve auction for the car closed at noon on Sunday, receiving over 70 bids. The winner’s closing bid of $39,471 was noted as equal to the car’s original retail sale price.