Highlights

  • Unrestored with 1,658 original miles
  • Previously part of the Ed Foss Low-Mileage Corvette Collection
  • The first expensive collector Corvette, this fuelie sold for $42,000 in 1976
  • Bloomington Gold Benchmark, Survivor and Gold certified in 2001
  • Bloomington Gold Hall of Fame inductee in 1997
  • Bloomington Gold Great Hall inductee in 2010
  • Invited to the first Bloomington Gold Special Collection in 1984 and the Grand Finale Special Collection in 2009
  • Won the Best of Show Trophy at Bloomington Gold in 1977
  • NCRS Duntov Award and 3-Star Preservation Award in 2001
  • Won the High Point Award at the 25th Corvette Anniversary NCRS National Meet in 1978
  • Chevy VetteFest Showcase and Triple Crown
  • Original Glen Green paint
  • Original Saddle leather interior
  • Beige soft top and auxiliary hardtop
  • L84 fuel injected 327/375 HP V-8 engine
  • 4-speed transmission, 3.08 Positraction
  • F40 special suspension, J50 power brakes
  • Transistorized ignition, telescopic column
  • Knock-off wheels, Goldline tires
  • Comfort and convenience group
  • Documented with the Protect-O-Plate, window sticker, temporary license plate and title application
  • Formerly part of the Jim Krughoff Collection
  • A 10% buyer premium applies

Story

This extremely well-preserved, fuel-injected Corvette convertible is likely the lowest-mileage 1965 Corvette in the world. An unrestored survivor with 1,658 original miles, this 1965 Fuelie has been a celebrated icon within the Corvette community for more than 45 years. The history of this specific car changed the landscape of Corvette collecting and helped create an industry that still thrives today.

After learning that Chevrolet planned to discontinue the fuel-injection option for the Corvette, Steven Banks of Sparrow Bush, New York, had bought a new Fuelie every year. Banks purchased this highly-optioned car on November 20, 1965 from Reedman Motors in Langhorne, Pennsylvania. It was delivered new in Glen Green with a Saddle leather interior and optioned with a fuel-injected 327/375 HP V-8, 4-speed transmission, 3.08 Positraction rear end, F40 suspension, transistorized ignition, two tops, power brakes, power windows, a telescopic steering wheel, the comfort and convenience group, tinted glass, an AM/FM radio, knock-off wheels and goldline tires.

Banks never titled or registered the car when new and kept detailed notes of all service performed with the mileage and dates recorded in a ledger. The Fuelie had been driven just 1,300 miles by 1967 when it was parked in storage for safe keeping. To protect the car’s interior, Banks covered the leather seats with towels and lined the carpets with newspapers while the car remained in storage for the next 10 years.

In 1976, the Fuelie was discovered by Corvette sleuth Bill Stephenson, who found the 1965 Corvette with 1,570 miles. The car was transferred into the hands of Chicago marketer Richard Buxbaum to find someone who would recognize its rarity and quality of preservation. Because some deterioration of the engine compartment and chassis had occurred due to long-term storage, those areas required some cosmetic rehabilitation before the car was offered for sale.

Buxbaum created a commotion when he famously brokered this 1965 Corvette to collector Jim Krughoff for the astonishing price of $42,000. History was made; word circulated immediately among the “insiders” of the day and the Corvette world changed forever. Suddenly Corvette ownership was no longer just a hobby but a potential investment, and that simple fact spawned an entire industry.

This is the car that jump-started the realization that certain Corvettes were more than just used cars. From then on, the demand for pristine, original, high-performance Corvettes soared; prices exploded and they have kept climbing ever since. Collectors followed Krughoff’s footsteps by acquiring low-mileage or significant Corvettes in the ensuing years, a trend that has continued into the 21st century.

In the late 1970s, the Corvette show scene exploded with Bloomington Gold becoming the premier national Corvette-only event, and the National Corvette Restorers Society began consolidating small regional Corvette clubs under a larger organizational banner. Significantly, this 1965 Corvette was one of the main attractions at these early national Corvette shows.

Immediately after winning Best of Show at Bloomington in 1977, it was featured in Corvette magazine Vette Vues. The following year it won the High Point Award at the 25th Corvette Anniversary NCRS National Meet in Flint, Michigan, and was the subject of a 16-page feature in Volume 3, Number 3 of Mike Antonick’s “Corvette: The Sensuous American.” It was invited to the first Bloomington Gold Special Collection in 1984 and was inducted into the inaugural 1997 Bloomington Gold Hall of Fame as one of the original inductees.

In 2000, it was purchased by Ed Foss and was re-introduced to a new generation of Corvette enthusiasts, winning Bloomington Gold Survivor, Gold and Benchmark Certification in 2001, when it also scored the NCRS Duntov Award of Excellence and 3-Star Preservation Award. It was part of the Chevy Vettefest Showcase and won Triple Crown honors that year. In 2003, General Motors celebrated the Corvette’s 50th Anniversary with a special event in Nashville, Tennessee, and this Fuelie was invited to be displayed in a special exhibit hosted by the NCRS at the Nashville Corvette 50th Celebration. This car was part of Bloomington Gold’s Grand Finale Special Collection and returned the following year to be inducted into the Bloomington Gold Great Hall as the “First Expensive Collector Corvette” and one of the 50 Corvettes that significantly influenced the Corvette Phenomenon.

In 2015, this car was titled for the first time (50 years after sold new) when Ed Foss sold his low-mileage Corvette collection. A private owner has cared for the car since. The car’s impressive documentation includes the Protect-O-Plate, window sticker, temporary license plate from 1965, the original owner’s service ledger, a copy of the original, never-submitted title application, the November 20, 1965 newspapers that lined the floors, photographs taken when Buxbaum received the car, the owner’s manual and sales brochure, as well as the Bloomington Gold and NCRS certificates, judging sheets, plaques and pins. As the lowest-mileage 1965 Corvette known to exist, this car combines amazing originality with a bullet-proof lineage and belongs in the elite class of “best of the best” Corvettes.

Arrangements to purchase this vehicle can be made by contacting Dana Mecum directly or through Mecum representative Rob Williams by phone or text at (262) 236-7705 or by email at rwilliams@mecum.com.