So, Chevrolet, being GM’s big sales and profit division, campaigned to GM to “kill” this car. When Chevy was coming out with its 6-cyl. sports car with its 2-speed “powerglide” transmission and side curtains, here was a sports car from Olds with a big old V-8 and power windows.
GM said no to Oldsmobile on building this car. The world’s rarest automobile: a 1954 Concept Old’s Rocket F88 – the only one in existence. John S. Hendricks, (Discovery Communications founder) paid in excess of 3 million to acquire this 1954 Oldsmobile F-88 Convertible Concept Car .
After spending decades as a collection of parts stuffed into wooden crates, the F-88 was reassembled. In 1954, the F-88 was a Motorama Dream Car, and was one of only two, or an unconfirmed possible three, ever created. The F-88 seen here is literally the only car left of its kind, and was sold to John and Maureen Hendricks at the prestigious Barrett-Jackson Auto Auction in Scottsdale , Arizona , for an unbelievable $3,240,000.
This acquisition made automotive history, and is the cornerstone of the Gateway Colorado Automobile Museum, in its own special room in a rotating display, worthy of the F-88!