August 28, 2006
Stolen and returned Corvette unveiled at Pennsylvania car show
Alan Poster and the 1968 Corvette that was stolen from a Manhattan parking garage three months after he bought it brand new. Click image to enlarge
Carlisle, Pennsylvania – A 1968 Corvette that was stolen in 1969 and returned to its owner in 2006 made its debut at Corvettes at Carlisle in Pennsylvania on the weekend, following its restoration.
Alan Poster bought the Corvette brand-new in 1968 for $6,000. Three months later, in January 1969, the car was stolen from a parking garage in Manhattan. Poster had not insured the car against theft and lost his $6,000 investment. In January 2006, a collector sold the vehicle to a buyer in Sweden; a routine Customs check flagged the vehicle as stolen. The collector is not suspected of wrongdoing, and no one knows where the car was for 37 years, or how many people owned it during that time. As Poster had not collected an insurance payout for the Corvette, it was returned to him; the car is now estimated to be worth between US$20,000 and US$60,000.