peter max corvettes
Thread Starter
Instructor
Joined: Sep 2008
Posts: 177
Likes: 25
peter max corvettes
https://www.nytimes.com/2019/12/23/b...s-contest.html
maybe you have seen this already but the so-called Peter Max Corvettes are being raffled off
maybe you have seen this already but the so-called Peter Max Corvettes are being raffled off
Melting Slicks
Joined: Feb 2017
Posts: 3,232
Likes: 1,232
From: PHX AZ
Yes, we all know about it.....hoping that this dies a good death already. (ad infinitem for years and years and years.)
To paraphrase whats really going on;
VH-1 'collected the sh!ttyest 'vettes' they could find, just to be able to say 'all the Corvettes'. Some carpenter won them.
Peter Max bought the Collection and let them deteriorate TERRIBLY.
An investor group bought the collection and kept the good ones for themselves.
The rest are being given away for charity.
You cannot choose which one you want.
They will cost more to restore than they're worth.
Taxes are on you. The investors get a nice tax deduction!
PASS!
To paraphrase whats really going on;
VH-1 'collected the sh!ttyest 'vettes' they could find, just to be able to say 'all the Corvettes'. Some carpenter won them.
Peter Max bought the Collection and let them deteriorate TERRIBLY.
An investor group bought the collection and kept the good ones for themselves.
The rest are being given away for charity.
You cannot choose which one you want.
They will cost more to restore than they're worth.
Taxes are on you. The investors get a nice tax deduction!
PASS!
Instructor
Joined: Nov 2017
Posts: 247
Likes: 43
From: Virginia Beach Virginia
Yes, we all know about it.....hoping that this dies a good death already. (ad infinitem for years and years and years.)
To paraphrase whats really going on;
VH-1 'collected the sh!ttyest 'vettes' they could find, just to be able to say 'all the Corvettes'. Some carpenter won them.
Peter Max bought the Collection and let them deteriorate TERRIBLY.
An investor group bought the collection and kept the good ones for themselves.
The rest are being given away for charity.
You cannot choose which one you want.
They will cost more to restore than they're worth.
Taxes are on you. The investors get a nice tax deduction!
PASS!
To paraphrase whats really going on;
VH-1 'collected the sh!ttyest 'vettes' they could find, just to be able to say 'all the Corvettes'. Some carpenter won them.
Peter Max bought the Collection and let them deteriorate TERRIBLY.
An investor group bought the collection and kept the good ones for themselves.
The rest are being given away for charity.
You cannot choose which one you want.
They will cost more to restore than they're worth.
Taxes are on you. The investors get a nice tax deduction!
PASS!
I bought a nice $25 worth, and if you enter a certain phrase you can double your ticket count. Hope they put my donation to good use
Instructor
Joined: Nov 2017
Posts: 247
Likes: 43
From: Virginia Beach Virginia
Thats the first line on their website - but out of curiousity i went and read through all of the disclosures this morning - it does not say anything about the condition of the vehicles.. so i would assume that you will be getting a restored car - but quality of restoration is another question. I would assume that they put their best foot forward, especially after seeing the high quality restorations they have already done.
But, even if its 100% crap car - could still pretty easily part it out and make the money, or take the cash prize they offer in its place.
Regardless, best of luck to the entrants! Would love to see a CF Member win one, especially that '53!
- Prizes. There are thirty six (36) Prizes:
- One (1) 1953 Corvette (ARV $500,000), plus $72,594 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $200,000;
- One (1) 1954 Corvette (ARV $90,000), plus $30,336 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $36,000;
- One (1) 1955 Corvette (ARV $150,000), plus $38,494 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $60,000;
- One (1) 1956 Corvette (ARV $100,000), plus $24,741 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $40,000;
- One (1) 1957 Corvette (ARV $120,000), plus $23,143 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $48,000;
- One (1) 1958 Corvette (ARV $110,000), plus $18,514 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $44,000;
- One (1)1959 Corvette (ARV $90,000), plus $18,148 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $36,000;
- One (1) 1960 Corvette (ARV $80,000), plus $18,581 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $32,000;
- One (1) 1961 Corvette (ARV $55,000), plus $17,948 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $22,000;
- One (1) 1962 Corvette (ARV $50,000), plus $17,948 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $20,000;
- One (1) 1963 Corvette (ARV $45,000), plus $25,141 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $18,000;
- One (1) 1964 Corvette (ARV $45,000), plus $13,186 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $18,000;
- One (1) 1965 Corvette (ARV $50,000), plus $17,515 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $20,000;
- One (1) 1966 Corvette (ARV $60,000), plus $17,815 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $24,000;
- One (1) 1967 Corvette (ARV $100,000), plus $22,977 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $40,000;
- One (1) 1968 Corvette (ARV $35,000), plus $14,219 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $14,000;
- One (1) 1969 Corvette (ARV $100,000), plus $12,920 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $40,000;
- One (1) 1970 Corvette (ARV $25,000), plus $13,286 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $10,000;
- One (1) 1971 Corvette (ARV $25,000), plus $12,354 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $10,000;
- One (1) 1972 Corvette (ARV $25,000), plus $13,286 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $10,000;
- One (1) 1973 Corvette (ARV $15,000), plus $6,626 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $6,000;
- One (1) 1974 Corvette (ARV $15,000), plus $5,894 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $6,000;
- One (1) 1975 Corvette (ARV $15,000), plus $5,000 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $6,000;
- One (1) 1976 Corvette (ARV $15,000), plus $4,345 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $6,000;
- One (1) 1977 Corvette (ARV $15,000), plus $5,294 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $6,000;
- One (1) 1978 Corvette (ARV $15,000), plus $4,911 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $6,000;
- One (1) 1979 Corvette (ARV $20,000), plus $5,261 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $8,000;
- One (1) 1980 Corvette (ARV $20,000), plus $5,561 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $8,000;
- One (1) 1981 Corvette (ARV $15,000), plus $6,526 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $6,000;
- One (1) 1982 Corvette (ARV $15,000), plus $5,594 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $6,000;
- One (1) 1984 Corvette (ARV $10,000), plus $2,605 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $4,000;
- One (1) 1985 Corvette (ARV $10,000), plus $2,630 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $4,000;
- One (1) 1986 Corvette (ARV $10,000), plus $2,655 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $4,000;
- One (1) 1987 Corvette (ARV $10,000), plus $2,664 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $4,000;
- One (1) 1988 Corvette (ARV $10,000), plus $2,697 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $4,000;
- One (1) 1989 Corvette (ARV $30,000), plus $3,180 to be applied toward the winner's IRS withholding requirement for federal income taxes, or alternate cash prize of $12,000.
