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Elvis Presley — Part 5
Page 11
11 / 42
Cy
FEDERAL BUREAU OF INVESTIGATION S
5/8/81
Gate of ¢
residence regarding his acquisition of a 1955 Chevrolet Corvette
Convertible, VIN VES5S5800102.
dvised that his hobby is to restore céllector
rs and sell them at auctions. Over the past 10 years,
a. restored and sold over 80 cars, most of which were
ry) ough the Kruse Auctioneers based in Auburn, Indiana. .
_ Sometime during November, 1977 SD -0nd
in the New York Times offering a 1955 Corvette for sale
contacted the seller, name unrecalled, a New Jersey resi
and offered $4,000.00 in cash. The seller agreed an
possession of the automobile, At the time of sale,
- provided a Don Allen Chevrolet bill of sale in the name of ELVIS:
PRESLEY and a window options sticker. Additionally, the seller
provided an out of state title in the sdller's name. yi?
then invested $8,000.00 to $10,000.00 in all new
original chrome, wheels, tires, new upholstery, and new hub caps,
were purchased from Lincoln Corvette's in Nebraska.
advised that in all, he had invested approximately $14,000.00
as automobile, and if necessary, he should be able to locate
many of the receipts which corroborate his expenses in zefurbishing
the automobile.
offered this
In approximately February, 1978,
nh New Jersey,
automobile for sale through
where the vehicle was sold to $17,500.00,
iess 8% commission to Kruse. cording he furnished
the original title in the name of the New Jersey seller to Kruse
when the car was sold as well as the window sticker and Don
Allen Chevrolet bill of sale.
further stated that he , profited no more than — .
$3, 000. 00 on the automobile and could not verify that this
was in fact, formerly owned by ELVI Therefore
sold the car for very little erofit said that if w
able to verify this claim, the automobile would have been worth
approximately §100,000.00 as a collector's iten.
5/8/81 Neponsit, New York (hi 67B-83477
Nn
a pie Base3
‘Ths decument conteins neither recommendations ner conciusens of the FBI. tt is the property of the FB! and is lnaned te your spency;
ot and ott Contents are net te be Gistriputed outsign your agency.
- law . a
= aT eee ant eee --
OT rte me he OL Oe tet Cem e e ee ee ee
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