The CERV III version added a pair of Garret T3 turbochargers, which boosted its output to 650 horsepower and 655 lb-ft—incredible numbers when a 210-hp Lumina Z34 was considered pretty hot stuff.

In November 1960, Zora Arkus-Duntov publicly unveiled a project he had been working on for several years, the Chevrolet Engineering Research Vehicle, or CERV. Hot Rod magazine’s technical editor ...

For the past 21 years, the model has been owned by the Yager Family Collection and when the hammer fell at Barrett-Jackson’s Scottsdale auction, CERV I fetched a respectable $1.2 million ...

The roots of the modern mid-engine Corvette can be traced back to 1960 with the development of the CERV 1 by Zora Arkus-Duntov. Check it out in our gallery.

According to sources, the CERV I’s highest bid was $800,000. We think it’s shocking, really. Someone absolutely stole the 1960 CERV I at this price point.