1998 Chevrolet Corvette Coupe 6-Speed

Description

OFFERED WITHOUT RESERVE 

Out of a combination of a lifelong automotive passion and an unyielding desire to support the people of his Alabama community, the Generous Collection was born. Mr. Greg Rusk, a successful business leader in the cardboard industry, with a big heart for helping families and friends in times of need, would regularly pay overly generous fees to acquire an interesting vehicle. After decades of collecting and supporting local automotive enthusiasts, the Rusk family is ready for these vehicles, each with their own story, to write their next chapter back on the road, where they belong.

The Generous Collection debuts with Part 1 offering over 200 cars in October, all offered without reserve, emerging from years of long-term silent storage. Many additional lots will be offered in the coming months. From the quiet shadows of the Generous Collection to the sunshine of backroads and highways, enthusiasts now have the opportunity to own a piece of a generous car-collecting legacy. 

* * *

The 1998 Chevrolet Corvette marked the second year of the fifth-generation (C5) Corvette, a major redesign that debuted in 1997. Built on an all-new hydroformed chassis, the C5 offered improved rigidity, handling, and ride quality over its predecessor. Under the hood was the new LS1 5.7-liter V8 engine, producing 345 horsepower and paired with either a four-speed automatic or a six-speed manual transmission. This powertrain delivered impressive performance, with 0–60 mph times under five seconds.

For 1998, Chevrolet introduced the Corvette convertible, joining the coupe in the lineup. The convertible featured a power-operated top and a glass rear window with defroster, enhancing comfort and usability. The C5’s rear-mounted transaxle contributed to near-perfect weight distribution, making it a favorite among enthusiasts and track-day drivers.

Inside, the Corvette offered a driver-focused cockpit with improved ergonomics and digital-analog instrumentation. Standard features included leather seats, keyless entry, and dual-zone climate control. Motor Trend, which named the C5 Corvette its 1998 Car of the Year, wrote: “In the face of tough international competition, the all-new Chevrolet Corvette has been boldly reinvented, striking an astonishing balance between civility and brute strength, sending ripples through the entire performance-car segment.”

Highlights

• Offered from The Generous Collection

• Finished in Torch Red (70) over tan leather interior

• 5.7-liter LS1 V8 aluminum small-block V8 producing 345 hp and 350 lb-ft of torque

• Six-speed manual transmission

• Air conditioning

Features

• 17-inch front, 18-inch rear chrome wheels wearing 265/40R17 front, 295/35R18 rear tires

• Aftermarket mufflers

• Removable roof panel

• Driver-oriented cockpit with aftermarket shifter

• Power seats, windows, locks, mirrors, and hatch

• Pioneer stereo

Known Imperfections

• While reasonable efforts were made during preparation for the sale, due to the volume of cars in this collection it was not possible to diagnose or detect all imperfections present in the cars. 

• Paint scuffs and scratches on nose

• Seats worn and faded

• Valve cover oil leak under driver side engine cover

• The included CARFAX history report lists the following incidents; further details are provided in the report itself:

  • September 2015: "Accident reported: minor damage to rear"

  • August 2021: "Accident reported: minor damage to front"

Included

• Owner’s manual

Ownership History

This 1998 Chevrolet Corvette is offered from The Generous Collection of no reserve automobiles. The accompanying CARFAX Vehicle History Report places it in Tennessee and Alabama.

Additional Notes

A Broad Arrow Auctions Specialist is working as an agent on behalf of the owner of this vehicle. Broad Arrow Auctions is a wholly owned subsidiary of Hagerty.

Contact: Frank Malefors Phone: 602-488-7888 Email: fmalefors@hagerty.com

Title in Transit:   

What does Title in Transit mean? 

Hagerty Marketplace has confirmed a clean title status, the owner maintains the title in hand and will send it to the Hagerty Marketplace team to be reassigned to the new owner after the auction is complete. 

Alabama Sales Tax Notice to Bidders: Because this car is located in Alabama, the selling dealer may be required to collect and remit Alabama state sales taxes of up to 2% of the purchase amount, even if the buyer plans to register the car outside of Alabama, if (a) the buyer is located in AZ, CA, FL, IN, MA, MI, or SC (capped at $500 in SC), and (b) the buyer does not transport the car out of Alabama using a common carrier (e.g., if the buyer drives the car or transports the car out of Alabama on a personal trailer). Additionally, the selling dealer may be required to collect and remit Alabama county or city taxes from buyers located outside of Alabama, if (a) the buyer does not transport the car out of Alabama using a common carrier (e.g., if the buyer drives or transports the car out of Alabama on a personal trailer), and (b) the buyer fails to provide an executed Drive-Out Certificate for Nonresidents. For additional information, please consult this publication and your own tax advisor regarding sales taxes applicable to cars located in Alabama that are sold to residents of another state.  

Please note that all lots in The Generous Collection are offered after many years of storage, without operation or service, in warehouse facilities. The seller endeavored to provide limited mechanical servicing to bring some cars back to running potential, however, not all cars will be running at time of sale. Because of the extended static display, it must be assumed that all cars will require additional mechanical attention before being driven safely and, in most cases, cleaning to both the interiors and exteriors. All the cars will have imperfections associated with long-term static storage and require extensive sorting to perform best and safely. The burden of determining a car’s status, both mechanical and cosmetic, rests fully on the bidder, prior to bidding and the close of the auction. All lots are sold as is, where is. 

Additionally, due to the location of the collection and limited access to the facility following the close of the auction, all lots must be retrieved while a Hagerty Marketplace representative is onsite beginning Monday, November 3 through Wednesday, November 19. No cars can be retrieved prior to November 3 and any lots remaining after November 19 will be re-located outside in the parking lot for retrieval by their buyers.