Chevrolet produced only 300 examples of its Corvette sports car for the 1953 model year, and according to the dealer in Phoenix advertising the Pick of the Day on ClassicCars.com, this one, the 87th produced, “is one of the most important extant.”
And thus the $249,800 asking price for this 1953 Chevrolet Corvette.
According to the Hagerty Price Guide, ’53 Corvettes range in value from $143,000 for one in “Fair” condition to $335,000 for the “best in the world,” i.e. one in “Concours” condition.
The Pick of the Day One would seem to fit nicely into Hagerty’s “Excellent” category and its $247,000 valuation.
What makes this particular ’53 Corvette special, according to the dealer, is that it “is believed to be the lowest original mileage example in existence.”
According to the advertisement, “It has had three owners from new, a mere 5,800 documented original miles and was restored and owned for over 50 years by the noted Corvette authority, Lyle Hill.
“And to top it off, this has achieved the coveted NCRS Top-Flight Award status. It simply doesn’t get much better than this!”
According to the dealership, the car was purchased by 20-year-old Lyle Hill from Gerald White in Orrville, Ohio, in 1962.
“It was used by Mr. Hill for four years and then was largely stored, awaiting restoration. In the interim, Mr. Hill became a well-known Corvette authority and was also known as a source for rare and hard to come by parts.
“Nearly four decades later, Mr. Hill had No. 087 restored by many of the top resources for Corvettes for the 50th anniversary celebration of Corvette in 2003 in Flint, MI.”
Hill died in 2014 and “No.087 found a new caretaker in its third and present owner. The current owner enhanced the restoration even further by hiring noted Corvette restorers Rex Marshall of Bountiful, Uta,h with supervision by Corey Peterson. The quality and authenticity of the restoration garnered 96.6 points and NCRS Top-Flight status, the pinnacle of Corvette judging.”
While the dealer uses terms including “beautiful,” “nearly perfect,” “correct,” excellent,” and “gorgeous” in describing the car, it also points out “Our detailed inspection revealed that the clock and tachometer are not functioning at present.”
Like other 1953 Corvettes, 087 has a 235cid “Blue Flame” straight-6 engine. It also has a 2-speed Powerglide automatic transmission.