Peter Max's old collection of Corvettes, famous for its abandonment, may soon be back on the market
Peter Max was not a car guy. So when he purchased a collection of 36 Chevrolet Corvettes,
one from every
year of manufacture up until 1989, he had a very
specific plan: He would use this slice of American history as a tool to
self-promote his work as an artist, painting the machines in lurid
colors while staging them in various oddball scenarios only the most
expressive of minds could envision.
Only that never happened.
Instead, Max left his collection in a New York City storage lot, which
is where they've lived for a quarter of a century, sat gathering inches
of dust, moved only when switching from one storage location to another.
However, that is all about to change, as the cars are now under new
ownership – one that will lovingly restore the 'Vettes and get them back
on the road.
The story of how Max acquired
the cars began in 1989, when music network VH1 held a contest to award a
lucky viewer with a Corvette from every year of the model's existence,
from 1953 to 1989. Hemmings reports
that VH1 purchased the cars for $610,000, and made its money back by
creating a 900 number and charging contestants $2.00 per phone call to
enter.
Placing just one call, Dennis
Amodeo, a carpenter from Long Island, won the prize. Shortly after
receiving his army of Corvettes, Amodeo received a call from Max who had
seen the collection at an auto show in 1990. Max stated that he wished
to purchase the cars, and at a meet in New York City, the two hashed out
a deal that reportedly
included $250,000 in cash, $250,000 worth of Max's artwork and an
agreement that if Max ever sold the cars, Amodeo would receive a portion
of the proceeds, up to $1 million.
While the exterior of the 1963 Vette is coated in grime, the interior has been fairly well preserved by neglec …
Why Max never executed his plan
for the Corvette collection remains a bit of a mystery; in 2010, he
talked about adding 14 more years of vehicles to bring the tally up to
an even 50. Once again, that never happened. Perhaps it was the sheer
amount of work that was required after the artist had let the cars sit
for so long; some of the cars, like the 1974 and 1984, would cost more
to restore than the vehicle's worth, and time was reportedly unkind to
most of the 'Vettes in the group – two-thirds of which sport the
less-sought-after automatic transmission with 14 of the cars
convertibles; none feature the prized big-block V-8.
Still, after Max approached a guy named Peter Heller to locate a new storage garage for his collection, according to the New York Times,
Heller decided instead to offer the artist a deal to purchase the 36
Corvettes. Max agreed for an untold sum (it's unknown whether Amodeo
will receive a portion of the proceeds, as stated in Max's original
deal). Some of the cars, Heller discovered, could be show-ready with
relatively basic restoration, and he plans to have even most decrepit
vehicles brought back to life.
When complete, the collection will return to the market, hoping to
deliver a tidy return on Heller's investment and keep the wheels turning
on the once forgotten Corvettes of Peter Max.
No comments:
Post a Comment