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i was reading the dutch newspaper today and on the front page there was a message abouth a stolen corvette back in 1969 in newyork and is found back in
california last week see link below
Wait till his insurance company finds out. I figure they paid him off in 69 about what? 5-7K? Nice return. I hope they do let him keep sounds like it might be in good shape, if it was going over seas. Who ever stold this thing sure sat on it a long time.
I always love that. Some guy has his Corvette stolen 20 or 30 years ago and expects to get it back. Hey, if he took the insurance money, it isn't his anymore.
It is possible the car sat as parts somewhere after they stripped it 35 years ago, then they recently got a chance to sell one overseas, so they put it together again with new parts.
Or some poor sucker bought one of those center body sections off eBay and discovered he really couldn't get a title easily for it, so decided to sell it overseas.
Well my first thought is GREAT a stolen car re-united with its owner,and the theif is left with nothing and hopefully arrested.
But after thinking about it,I am now thinking I would love to here the entire story.Like is the car completely restored with a current registration or a california title, In new york we did not have titles untill 1970 or 1971. So my question is
What if the car was stolen,insurance company paid for it,then the car got resold legally with the sticker for a recovered auto. Some body pulls the sticker off and applies for a registraion or title from the vin still on the car and gets it. Now he re-sells it to an honest guy who now pays he correct value for a used vette ,car passes thru hand over the next 36 years or so and ends up in this container with the owner thinking its a legit car? I mean this could be a story on any one of our cars with the exception of the guys who purchased there cars brand new and have kept them all this time.
Or what if some one had a legit car with a rusted frame and purchased this frame used from a junk yard,or there picking up the vin from the motor he may have purchased used thru a dealer and stuck it under or in the the car and this is what there picking up as a stolen car.
I have to say I do not tthink theft is OK in anyway, I would just like to better under stand the entire story and hope someone post the follow up to this guy getting his car back.
Larry, you hit on a good point. I bought one long ago that didn't have a title. It was wrecked and left at a garage sans title. So the first thing I did before doing any investment in it, other than access what I could take off quickly and easily in case someone suddenly claimed it as "theirs", was do a title search in several states.
When I could find it, I filed for a title in my state, filed a surety bond on the car, and kept records of everything that I put on it. If someone takes the cars, they can have THEIR stuff, but they can’t take MY stuff and I have MY stuff documented.
The surety bond also was part of a process where the state opens the car to claims for three years. You have a claim on it; make it now, because three years later, the state cancels those previous claims. Naturally, they run it across the stolen car lists, I am sure.
So here is a car stolen in 1969 that turns up now? What has happened the last 36 years? It sounds fishy to me. Was it sitting in a barn on some farm in the middle of a national forest and no one ever went there? Going overseas to Europe doesn’t jive with a car like that, as taking a project car to Europe to rebuild is a serious cash flow problem. I know we have several on here from Europe who are restoring their cars, but they will admit that it is a problem getting the parts and all. Projects are tough enough here with an abundance of parts and supplies.
I had one guy try to make a claim, at least to me. He insisted it was his car and I had to give it to him. Didn’t happen. I told him to file his claim with the state and go from there. As it turns out, he never did, but had he done that, the state would give him the surety bond money and pay off his claim. He would not get the car.
I bet this '69 doesn’t really belong to the insurance company either. Odds are they claimed it as a loss on taxes and so the US “paid” for it.
Hello, I was just thinking that maybe there was no insurance company. No law in 69 for liability and if you have the cash why bother with comp/collision. The car only cost 5-6 thousand. I belive the article said that the owner was being reunited so I assume that he is getting it back. Just thought I would bring up the fact that not everyone belives in insurance.
Bill
William, $5,000 was a world of money in 1969. Very, very few people bought new Corvettes back then without borrowing money. The lender always required collision and comprehensive insurance, and the states I lived in did require liability.
I know because I had to get my insurance from the "assigned risk" pool in 1969. Few insurance companies would take on a 21 year-old male driving a Corvette without being forced to do so in those days. They charged accordingly. What eventually saved me from insurance Hell was the Army and USAA.
In 69 I was in 11th grade a 17 year old. Buying my first Vette 58 Dual-quad 270HP for $600.00 ( Now a Duntov Car residing in Conn.) Working at a Gas station part time, my Ins. Bill was over $800.00 a year with a clean record on my folks policy. The bean counters sure did'nt want to see a 17yr old behind any kinda sports or muscle car. Interesting how inflation will show its head if and when they pay up.
New York ws a non title state until 1974. Even today my 70 does not have a title only a transferrable resistration in New York. Insurance was always a big number for corvettes in New York and the reason was they were stolen quite often. Most cars spent their lives on the streets of the 5 boros where they were subject to theft and vandalism. With all those apartment buildings there were very few parking garages.
Many cars stolen in NY had their titles washed in southern states like Ga or NC where limited documentation could produce a title. Once a title was secured it is likely that this car could have been titled and plated in many states over the last 35 years.
No one probably did a 50 state search on this vehicle until the Federal Govt prepared to clear it to ship it out of the country. Or the CHP may have been looking for stolen cars and did a 50 state check on the actual vin. In either case I bet the guy that lost this car probably had nothing to do with its theft.
Here is a copy from a post today article states that he had no insurance as I stated earlier in this thread.
Bill
"On the night before the Corvette was stolen, Mr. Poster foiled an attempt to steal it from a curbside parking spot on the Upper West Side, he said. He was picking up a date and saw the car pulling away, but managed to pull the man out. "I let him go," he said, and he did not report the incident. The next night, a garage attendant went to get the Corvette, but returned and said it was gone. Mr. Poster did not have insurance against theft because he could not afford it, he said. He went years without owning another car."
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