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Do Ya Feel Lucky?

By June 24, 2010

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Every so often, I run across the opportunity to win a nice car for the price of a raffle ticket. Usually they're about $5 to win a 1980s Mustang or Camaro - reasonably nice, but nothing too extravagant. The rafflers are usually a Kiwanis club or other service organization or church, so it's typically a good cause on which to risk a 5-spot.

But then today, Aaron Gold (About.com's Guide to Cars) forwarded me a press release from The Catholic Parish of Saint Bernard in Rockport, Indiana. The long and short of it is that the good folks at Saint Bernard's are raffling off a very nice 1957 Fuel-Injected Corvette and each raffle ticket is $30, or you can buy 4 tickets for $100.

Now, I'm pretty sure that About.com's ethics policy would discourage me from promoting any sort of gambling through this channel, so I'm not endorsing this raffle in any way. What I want to do is mention some facts about raffles like this.

The first thing to note is that the parish is selling 10,000 tickets at $30 each. They're going to raise $300,000 if they sell all the tickets, and the value of the car is estimated at $83,000. I have no issue with the church making a few dollars on the deal, but it's worth knowing that your ticket is a 1 in 10,000 shot at the car.

Secondly, while there's no reason to doubt the value estimate, and the parish provides a nice photo gallery of the car, they do mention in the detailed description that the car is an "NCRS-style" restoration. That means it probably does not have any official certifications to back up that value estimate.

Still, it's a '57 Fuelie, and it looks fantastic. And $30 is barely dinner for two at a diner these days, and wouldn't it be nice to be the person who drives away in this car? Hmmmm....

June 24, 2010 at 10:40 pm
(1) David Lovell says:

Thanks for the article Jeffrey! This really is a GREAT car…looks even better in person! If we sell all the tickets….we should clear around $132,000 after expenses. Please note that ALL proceeds benefit our small Catholic school and our church….and this is a total volunteer effort. This is our 22nd year of giving away Corvettes. The value of this Corvette is based on what we paid for the car which was purchased from ProTeam. We thank everyone for purchasing tickets to help our church and school.

June 24, 2010 at 11:42 pm
(2) corvettes says:

A ’57 fuelie is close to the heart of every Corvette lover. Be sure and send me the details when you do this next year, OK?

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