1998 Chevrolet Corvette Coupe

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 Coupe represented the second year of the fifth-generation (C5) Corvette, a major leap forward in design, engineering, and performance. Built on an all-new platform introduced in 1997, the C5 featured a rear-mounted transaxle and hydroformed frame rails, which improved weight distribution and structural rigidity. These innovations helped the Corvette deliver world-class handling and ride quality. 

Under the hood, the 1998 Coupe was powered by the 5.7-liter LS1 V8 engine, producing 345 horsepower and 350 lb-ft of torque. This aluminum-block engine was lighter and more efficient than its predecessor, contributing to the car’s impressive acceleration and fuel economy. The Coupe came with either a six-speed manual or four-speed automatic transmission, and featured a removable roof panel, allowing for open-air driving. 

Standard equipment included leather seating, dual-zone climate control, power accessories, and a driver information center. Safety and handling were enhanced by four-wheel independent suspension, anti-lock brakes, and an optional Active Handling System. 

The 1998 Corvette Coupe continued to build on the success of the C5 generation, offering a refined balance of performance, comfort, and technology. It helped reestablish the Corvette as a serious contender among global sports cars. 

Highlights 

• Offered from The Generous Collection 

• Resprayed in black (originally Sebring Silver Metallic) over black leather upholstery 

• Powered by a 5.7-liter LS1 V8 rated at 345 hp and 350 lb-ft of torque 

• Four-speed automatic transmission 

• Air conditioning 

Features 

• 18-inch five-spoke alloy wheels wearing 305/30R18 front, 325/30R19 rear Hoosier tires 

• Power steering 

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

• Kenwood AM/FM/CD/DVD with 6.2-inch touchscreen display, USB, Bluetooth 

• 200-mph speedometer and 7,000-rpm tachometer 

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 imperfections include chips, swirls, scuffs, oxidation

• Front signal light lenses are fogged 

• The included CARFAX history report lists the following (see report for full details): 

  • June 2013: Accident reported: very minor damage to front

  • February 2017: An odometer reading of 177,057 miles was recorded; this is believed to be a clerical error, but cannot be confirmed.

Included 

• Keys 

• Carpeted Corvette mats 

Ownership History

This 1998 Chevrolet Corvette Coupe is offered from The Generous Collection of no reserve automobiles. The accompanying CARFAX Vehicle History Report places it in Florida, Tennessee, and (currently) 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: William Cooper  Phone: 469.463.4542  email: wcooper@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.