When the insurance company told him it was only going to cost him 1200 a year, equal to around 7 thou in todays money, to insure his LS5 4 spd 72 Vette, he realized he had to take it off the road... so instead of taking the loss of selling it in the 70s, or 80s, he saw the values constantly go up at auctions... and not it's worth between 50 and 100 thou depending on the auction attendees.
He bought it at age 22.
When talking to the insurance people : “I said are you kidding me? He said you’re 22 years old. You’re not married and you want a Corvette insured? He said if I would wait until I was 25 and married the rate would go down to about $400.”
http://www.superchevy.com/features/1709-less-than-1000-miles-on-newly-found-454-corvette/
http://www.thedrive.com/news/14425/theres-a-1972-chevrolet-corvette-454-with-914-miles-hiding-in-a-pittsburgh-garage
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