2002 Chevrolet Corvette Convertible

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 1997–04 fifth-generation (C5) Corvette represented a huge leap forward for America’s sports car. With technical advancements like hydroformed frame rails, a rear-mounted transaxle, and a slippery body with a low .29 coefficient of drag, the C5 was lighter, stiffer, and more capable than the C4 it replaced.

And then there was the high-tech, all-aluminum LS1 engine. The Corvette team’s goal was to improve power, efficiency, smoothness, and durability, and this pushrod engine was both very reliable and incredibly powerful, thanks to components like six-bolt main bearing caps, a high-lift roller camshaft, high-flow heads, and efficient intake and exhaust systems.

By 2002, the 350-horsepower LS1 was also wearing the Z06’s high-flowing LS6 intake manifold for additional power and torque. Automatic-equipped versions hit 60 mph in 5 seconds, and flew through the quarter-mile in the mid-13-second range — within striking distance of twice-the-price exotics like the Ferrari F355. And best of all, choosing the stylish Convertible — equipped with a stunning top-down profile and central “waterfall” design element between the seats — didn’t subtract from this C5’s performance.

Highlights

• Offered from The Generous Collection

• 5.7-liter LS1 V8

• Four-speed automatic transmission with overdrive

• Finished in White (40) with Black leather interior

• Black convertible top

• Air conditioning

Features

• Borla S-Type mufflers and exhaust

• 17-inch front, 18-inch rear chrome wheels wearing 245/45R17 front, 275/40R18 rear tires

• Four-wheel disc brakes

• Active Handling, Traction Control, and anti-lock brakes

• 200-mph speedometer, 7,000-rpm tachometer, oil pressure, coolant temp, voltage, and fuel level gauges

• AM/FM/CD 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.

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

  • May 2015: Accident reported: damage to front

  • December 2018: Accident reported: minor damage to front

• Driver’s seat bolster is worn

• Driver side mirror is hazy

• Passenger side sun visor and vanity mirror are broken

Included

• Keys

• Owner’s manual

Ownership History

This 2002 Chevrolet Corvette Convertible is offered from The Generous Collection of no reserve automobiles. The accompanying CARFAX Vehicle History Report places it in Minnesota and Tennessee.

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.