|Terry Michaelis with his celebrated "Last Sting Ray" (Photo: ProTeam Corvettes)|
|Bloomington Gold Great Hall (Photo: Bloomington Gold)|
Michaelis has bought and sold over 10,000 Corvettes since his first purchase and sale back in 1971 and is a leading authority on the Corvette, its design, parts, options and engineering. He has written several scholarly articles on the Corvette (see TMichaelis Corvette Perspective http://www.tmichaelis.com/tag/classic-car-community/ ) and has owned some of the rarest and most sought-after Corvettes ever produced. In addition to traditional methods of amassing an important Corvette collection, he has also miraculously found and restored several “barn finds” which have turned out to be historically significant. But the word “miraculously” is misnomer because it’s not miracles but rather hard work that has paid off for his collection and business. Michaelis puts untold hours researching specific Corvettes before and after he acquires them and then usually subjects his acquisition to a detailed restoration often costing hundreds of thousands of dollars.
|Michaelis' Dick Lang Z06 restoration cost over $225K|
Enthusiasts may have also seen the six part TV documentary, “The Last Sting Ray,” about the restoration and history of another one of Michaelis’ finds, the documented last 1967 Sting Ray ever produced. After a very costly, world-class restoration it sold on TV at Barrett-Jackson’s auction for $660K in 2007. Those who got to see the car cross the block also got to see Terry kick off the sale of the silver coupe and also observe one of qualities that has made him so successful over four decades; like P.T.Barnum, he is known for “over the top” marketing.
|Michaelis snatched up this important 1969 L88 for less than $300K|
Over the past several years several Corvette collectors watch Michaelis to see what he is buying, like stock investors watch Warren Buffett, realizing that he is usually ahead of the market. Terry was avidly seeking out the iconic and recently record setting L88’s before they were selling for $3+M. And savvy “Michaelis watching” collectors know that Pro team’s president is reeling in some big catches, especially when it comes to third generation L88’s. In January 2013 he snatched one of the best buys at Barrett-Jackson’s Scottsdale auction, paying less than $300K for a third generation 1969 L88 and then in September brought the car back to auction and this time at Mecum’s Dallas event the car was bid to over $400K but did not meet Terry’s reserve.
|1953 Daytona Beach Time Trials NASCAR headed to Amelia Island|