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Car posted for $700 on Craigslist but worth millions

Car posted for $700 on Craigslist but worth millions
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What items do you have hanging out in your garage? Maybe you have several tool boxes, storage bins full of camping gear, boxes of old clothes, bikes, hula hoops or maybe even an old car or two. Could any of those items be worth millions?

What you think is a hunk of junk could be worth more than you ever imagined.

Case in point: The mythical No. 1 Cunningham Corvette, a highly pursued vehicle by car enthusiasts. It's one of three 1960 corvette models to be converted into race cars by the famous sportsman Briggs Cunningham (no relation). These cars were also the first Corvettes to race at the 24 Hours of Le Mans race in 1960.

The famous car has been missing for more than half a century before it showed up on Craigslist for an astonishing $700. It was, of course, misidentified as a "1953 pre-production Corvette Frame" and it didn't sell.

Now, the car is owned by an Indiana man named Gino Burelli who is commissioning a restoration of the car (at an estimated cost of $500,000) and is planning on selling it for $7 million, "possibly more."

Want to learn more about what makes this car so special? Here's a short documentary on Cunningham's Corvettes.

Want to learn more about Briggs Cunningham and his passion for cars? Watch this fun clip where Jay Leno talks about Cunningham's life with his biographer, Richard Harman. They even discuss the "missing car" that showed up on Craigslist!

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Source: Fox News
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