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Stolen Corvette Surfaces From Morena Storage Unit 24 Years Later
San Diego Reader ^ | Dec. 24, 2012 | Gary Cornaglia

Posted on 12/25/2012 12:31:05 PM PST by nickcarraway

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.


TOPICS: Local News; Miscellaneous
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1 posted on 12/25/2012 12:31:13 PM PST by nickcarraway
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To: nickcarraway

I’ve owned 5 vette’s.


2 posted on 12/25/2012 12:33:50 PM PST by brivette
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To: nickcarraway

car should have been returned to original dealership as it belongs to them, or to the insurance company if it was insured and payment to the dealership made, the thief should eat the storage cost and all other expences if any, that is my opinion


3 posted on 12/25/2012 12:38:49 PM PST by munin
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To: nickcarraway
http://www.youtube.com/watch?v=sff6Wi3fHVw
4 posted on 12/25/2012 12:39:05 PM PST by real saxophonist
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To: nickcarraway

Mythbisters needs another Vette for another smell myth.


5 posted on 12/25/2012 12:46:16 PM PST by Eye of Unk (A Civil Cold War in America is here, its already been declared.)
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To: nickcarraway

??????????????????

Such a deal.

Had a stolen car over his head all those years.
Insurance more than likely paid the dealer.
Paid 70,000 in storage fees.
Cost of restoration etc? UNKNOWN.
Book value upon recovery -10,000.

Car sold for 40 Thou BY SOMEONE ELSE which was original price.

In recap, stole a 40,000 car, paid upwards of 75,000 to maintain and restore, sold for 40,000

This has all the markings of a GOVERNMENT RUN operation..


6 posted on 12/25/2012 12:49:19 PM PST by xrmusn (6/98 "It is virtually impossible to clean the pond as long as the pigs are still crapping in it")
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To: xrmusn; munin
"The thief allegedly paid an estimated $70,000 in storage costs over the years.">

The current price on a 10X22 storage space is about $65.00 a month. Let's say $70 for the heck of it. That puts 24 year's rent at about $20 Grand.

$70,000 over 24 years comes closer to $250 a month. That's a pretty nice storage facility.

7 posted on 12/25/2012 1:01:09 PM PST by Baynative
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To: nickcarraway

How can he lawfully sell something he was never entitled to possess and can’t possibly have title to?

How does that work?


8 posted on 12/25/2012 1:02:34 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: nickcarraway

Grand theft auto.

Would it even drive now?


9 posted on 12/25/2012 1:10:09 PM PST by bgill (We've passed the point of no return. Welcome to Al Amerika.)
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To: xrmusn
This has all the markings of a GOVERNMENT RUN operation..

The thief is little different from most California politicians.

10 posted on 12/25/2012 1:10:30 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: nickcarraway

The seals, all the rubber, hoses would have to replaced.


11 posted on 12/25/2012 1:25:23 PM PST by Dallas59 (America died a little bit more on 11/6/2012)
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To: brivette

“I’ve owned 5 vette’s.”

None for me yet, but I’m contemplating getting a pre-78 C3 if I can find a good one.


12 posted on 12/25/2012 1:27:01 PM PST by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: nickcarraway

“The thief allegedly paid an estimated $70,000 in storage costs over the years.”

So the thief never got to drive the car, had to look over his shoulder at least until the statute of limitations expired, paid to store the car and then sold it for a little over half of what he paid to hide it for 25 years.

I know criminals aren’t very bright, but...


13 posted on 12/25/2012 1:32:09 PM PST by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: PLMerite
None for me yet, but I’m contemplating getting a pre-78 C3 if I can find a good one.

The C4s from '89 to 96 are reasonably priced, have plenty of power and are fun to drive.

14 posted on 12/25/2012 1:41:46 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: Alaska Wolf; PLMerite

My husband always wanted a Corvette, and he ended up getting a black 1980 C3. Not a lot of power as Vettes go, but he enjoyed it for a number of years. I liked it, too, but I think he looks more suited for the Jeep he has now. He’s a tall guy, and that little Corvette looked too small for him.


15 posted on 12/25/2012 1:48:50 PM PST by CatherineofAragon (Support Christian white males---the architects of the jewel known as Western Civilization)
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To: nickcarraway

Wonder if the $40,000 price included another gold chain necklace for the new driver?


16 posted on 12/25/2012 2:03:07 PM PST by Enten (I don't have islamophobia...I do have islamonausea)
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To: nickcarraway
1989 Corvettes are worthless on the resale market. Underpowered and look like the Monza G.M years.

A new V6 Pontiac GTO would out preform and out handle it.

The newer Corvette, Camaro, Mustang, Challanger, they rock ! You can rod one all day with the A/C on.

17 posted on 12/25/2012 2:13:07 PM PST by Newbomb Turk (Hey Newbomb, where's your brothers ElCamino ?)
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To: CatherineofAragon
He’s a tall guy, and that little Corvette looked too small for him.

I'm 6'3" and the Vettes are problematic entering and exiting, especially when one has bad knees. However the sheer enjoyment of driving one is worth the trouble.

18 posted on 12/25/2012 2:26:55 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: Newbomb Turk
1989 Corvettes are worthless on the resale market.

I'll pay shipping for all the worthless undamaged, operational '89 Corvettes you can collect.

19 posted on 12/25/2012 2:30:37 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: Alaska Wolf

Yes, he loved it. The only reason he decided to sell it was because the quirks got too annoying——a window that wasn’t set into the frame correctly and no one seemed able to fix, odd things like that.


20 posted on 12/25/2012 2:34:21 PM PST by CatherineofAragon (Support Christian white males---the architects of the jewel known as Western Civilization)
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To: Newbomb Turk
The newer Corvette, Camaro, Mustang, Challanger, they rock !

They should for the price.

21 posted on 12/25/2012 2:34:30 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: bgill
Yes but it will need valve springs and perhaps engine bearings (due to corrosion). The fuel system will probably also need cleaning. Depending upon how it Was stored rubber items may need to be replaced, such as spring pads, suspension bushings etc... Wouldn't mind having it.
22 posted on 12/25/2012 3:31:39 PM PST by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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To: Alaska Wolf
They should for the price.

Yep. I just drove a friend of mine's new Challenger Super Bee a couple of days ago. It was a lot of fun but not for $60,000.

23 posted on 12/25/2012 3:35:41 PM PST by houeto (https://secure.freerepublic.com/donate/)
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To: CatherineofAragon
The only reason he decided to sell it was because the quirks got too annoying—

Where I live weather and terrain dictate that I drive four wheel drive trucks and SUVs 8 months of the year. So come summer the annoyances are acceptable.

24 posted on 12/25/2012 3:36:51 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: Alaska Wolf

I can understand that.


25 posted on 12/25/2012 3:39:50 PM PST by CatherineofAragon (Support Christian white males---the architects of the jewel known as Western Civilization)
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To: brivette
I’ve owned 5 vette’s.

My husband and I have owned 6.

26 posted on 12/25/2012 3:41:01 PM PST by Isabel C.
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To: Alaska Wolf
Super low mileage Corvettes of this vintage litter Craigslist. Nice ones are barely bringing 8 grand. Its a buyers market.

I have my 68 RS/SS big block Camaro that I bought when I was 20 back in 1980. Thats all the pony car I need.

27 posted on 12/25/2012 3:41:18 PM PST by Newbomb Turk (Hey Newbomb, where's your brothers ElCamino ?)
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To: Nuc 1.1
The fuel system will probably also need cleaning.

Unless it was totally drained and cleaned it will likely have to be replaced. I'd guess the fuel would be close to varnish after 23 years.

28 posted on 12/25/2012 3:44:41 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: Newbomb Turk
Nice ones are barely bringing 8 grand.

8 grand is hardly worthless, is it?

29 posted on 12/25/2012 3:47:24 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: PLMerite

I owned an ‘81 and traded it on a new ‘93, 40th anniversary edition. Still have it and it just turned over to 27,000 miles this summer. I hardly drive it and it is like new. I thought about selling it but the family wants me to keep it. (for them lol)


30 posted on 12/25/2012 3:54:03 PM PST by depenzz
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To: Alaska Wolf
Let be put it this way, I wouldn't call it an outstanding investment if you bought one at full price, took outstanding care of it over the years and looked at your rate of return when you sold it.

So worthless as an investment.

Yeah 8 grand is nothing to sneeze at.

In pony car terms that ain't jack. I have a transmission that cost more than that.

31 posted on 12/25/2012 3:56:47 PM PST by Newbomb Turk (Hey Newbomb, where's your brothers ElCamino ?)
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To: depenzz
‘93, 40th anniversary edition

I've got one of those. Tan on black ragtop. Fairly economical, fun to drive and surprisingly low insurance premium.

32 posted on 12/25/2012 4:00:55 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: Newbomb Turk
So worthless as an investment.

I own cars to drive, not as investments. I've got a couple of Vettes, a MB 280 SL, 2 Mustang GTs and a Jag XJ12. When and if I decide to sell any of them, individually each will be worth more than a truck or SUV of the same vintage.

I don't buy new. I let others eat the depreciation.

33 posted on 12/25/2012 4:09:36 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: CatherineofAragon
Squeaks, rattles and stress cracks in the fiberglass.

A Vette was sort of status-ey when I came of age but they were large and underpowered, late seventies to early eighties. That body style didn't wear the mandated 5 mph crash resistant bumpers well and was already long in the tooth by that time, over ten years old.

I'm not enough of an aficionado to know whether that was a C3 or what, but the next model was much cleaner looking and had better power. Well kept, low mile examples are not hard to find. If I were in a position to acquire a weekend toy, an early nineties convertible would not be objectionable at the right price, in the right condition.

34 posted on 12/25/2012 4:10:07 PM PST by RegulatorCountry
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To: Alaska Wolf
If not completely blocked you could run fuel system cleaner through it and get the fuel system functional fairly easily. OTOH a blocked fuel system will be much more time consuming though not terribly difficult to fix. I once had a friend that burned up his 150 horse outboard power head. Once replaced the engine would fire on a prime but not continue to run, even choked. I had him bring the carbs over and I went through them. I was astounded at how much varnish was in them. He did not drain them b/c his power head was toast. So after about one year they were coated with about one eighth inch of varnish. I cleaned them up and repaired a casting porosity in the center carb main well that probably fried the power head, he had no more trouble with the motor after that.
35 posted on 12/25/2012 4:12:24 PM PST by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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To: Alaska Wolf
I agree with you on the own to drive part. Some people are selling cars now days that thought they would be worth more than they paid for them which is rarely the case.

Have seen a few though such as Buick Grand Nationals bring good money.

I have bought and sold a lot of cars over the years from people who are in a jam for cash. Thats the only way to go. It's a wheeler dealers market right now and I predict its gonna get even better.

36 posted on 12/25/2012 4:19:15 PM PST by Newbomb Turk (Hey Newbomb, where's your brothers ElCamino ?)
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To: Nuc 1.1
If not completely blocked you could run fuel system cleaner through it and get the fuel system functional fairly easily

I'm not a mechanic nor do I play one on TV. My experience is limited to a carbureted vehicle that had been left unattended with fuel in the tank for many years. We had to drain the tank, disassemble, clean and replace needle, seat and float in the carb, replace fuel lines, gaskets, filters. Then run clean fuel and Sea Foam, replacing the fuel filter a few times until the varnish smell and gunk disapaited.

37 posted on 12/25/2012 4:28:21 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: Newbomb Turk
It's a wheeler dealers market right now and I predict its gonna get even better.

It is indeed. I've got the time to do it. Kind of a hobby.

38 posted on 12/25/2012 4:42:50 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: Alaska Wolf; PLMerite

Even the 1986 models had 240 horses, and would go to 60 in 6 seconds or under.

The 85s and 84s had much weaker brakes, and weaker engines.


39 posted on 12/25/2012 5:23:44 PM PST by ROTB (Live holy, forgive all & pray in Jesus' name. Trust He is willing & able & eager to ANSWER BIG!)
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To: brivette
I’ve owned 5 vette’s.

Cor or Chev?

40 posted on 12/25/2012 5:25:04 PM PST by Yo-Yo (Is the /sarc tag really necessary?)
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To: Nuc 1.1

I rebuilt a 67 Camaro that spent most if its life in storage here in Indiana.

The engine actually was in very good shape internally - which was surprising.

Now the rubber parts were all over the place. The subframe to unibody mounts looked like a mass of shredded rubber bands. And some other rubber parts were like new. Must depend on the formulation and how affected by ozone, etc.

I will say, NOTHING comes apart easily after it’s been screwed together for 45 yrs, LOL.


41 posted on 12/25/2012 5:37:25 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: RegulatorCountry

C3s were the models produced from 1968-1982.

The C4s are definitely good looking cars, but my husband always preferred the curvy, hourglass shape of the C3....that was the model he saw as a little boy and fell in love with. C4s were more streamlined, and more technologically advanced, although one model-—I think the 1984-—had some pretty well-known problems with the crossfire injection.

Many of the C4s are pretty affordable now, I believe.


42 posted on 12/25/2012 6:06:37 PM PST by CatherineofAragon (Support Christian white males---the architects of the jewel known as Western Civilization)
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To: ROTB
Even the 1986 models had 240 horses, and would go to 60 in 6 seconds or under.

They also had to attempt to burn that lousy mandated oxygenated fuel.

43 posted on 12/25/2012 6:15:15 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: nascarnation
"I will say, NOTHING comes apart easily after it’s been screwed together for 45 yrs, LOL."

When I buy a new vehicle, I spend a day lubing things I expect to have to deal with in later years. Then at intervals later when I'm doing something in the area.

44 posted on 12/25/2012 6:54:25 PM PST by Paladin2
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To: Paladin2

When I popped the ball joints out of the spindles using a big hydraulic press, it sounded like an artillery round. I’m surprised the neighbors didn’t call 911. I think when these joints are in close communion for so many years you get molecular creep at the joint and it takes immense forces to separate them.


45 posted on 12/25/2012 7:03:56 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: nickcarraway

46 posted on 12/25/2012 7:38:07 PM PST by caveat emptor (!)
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To: nascarnation
Those joints with a taper get much elastic energy stored when drawn up. Combined with whatever surface interactions go on (corrosion, surface machining mechanical interlock, bonding/diffusion, etc.) there is a big bang on separation.

That's why a fork at the bottom to stretch the parts works better than pounding on the top to compress.

47 posted on 12/25/2012 7:39:10 PM PST by Paladin2
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To: Alaska Wolf
I'm 6'3" and the Vettes are problematic entering and exiting, especially when one has bad knees.

I had a friend in college whose brother was 6'8". The brother had bought some model of Sunbeam convertible that had a tiny rear seat, and few inches of leg space behind the front seats. He then had the rear seat removed, and the seat rails cut off and moved back, so that the back of the front seats rested directly against the the front of the trunk. I'm sure it was not comfortable, but it made it possible to cram his frame into the tiny car, and caused many a double take when a guy that tall got out of a car that small.

48 posted on 12/25/2012 8:05:44 PM PST by Pilsner
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To: Alaska Wolf
That would work well. A buddy of mine picked up a military ambulance. Old. Had a flat head four in it. It took him about 90 days of soaking in lacquer thinner, carb cleaner, whatever he thought would work. Interesting how nature conspires to muck things up. BTW Just a hot rodder. Old hot rodder that is. Merry Christmas.
49 posted on 12/25/2012 8:38:53 PM PST by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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To: nascarnation
Really enjoyed my Camaro. 69SSRS. Hugger orange with black interior and cowl induction hood. Originally came with a 350 and TH 350. When I got it the suspension bushings were so bad the vehicle would wonder across lanes just from geometry changes in the front suspension. So I empathize with you. I set mine up for road racing with an LS6 454 sporting ported small port open chamber heads. TH 400 by Transgo. 391 12 bolt rear. A bare metal buildup. Sigh...wish I had kept it. I have built faster machines but it was the best all around hi po unit I have ever owned. If a bit nose heavy.
50 posted on 12/25/2012 8:58:38 PM PST by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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