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This car was one of the most dominating Corvettes in auto racing history. Grady Davis Gulf Oil Racing purchased the Corvette in 1962 from Yenko Chevrolet. The car was campaigned by 'The Flying Dentist,' Dr. Dick Thompson, in the 1962 SCCA-A Production Class. In 14 races, the Gulf Oil 62 Corvette finished first in class 12 times including wins at Daytona and Sebring and captured the 1962 A-Production Championship. It was one of 246 1962 Corvettes equipped with the RPO 687 package, which included heavy-duty suspension and brakes and, in this car's case, a large 37-gallon fuel tank.

The car was sold to Tony Denman at the end of the 1962 season. He raced it throughout 1963, finishing second in class at Daytona while battling against newer Corvettes, Ferrari GTOs and Porsches. At the end of the 1963 season, Denman removed most of the high performance racing parts in order to sell the car as a typical street Corvette. Almost 20 years later, the Corvette was discovered by Rev. Mike Ernst who found the car, now painted red and being driven by a college student as a daily driver. In researching the Corvette, Ernst found the car came with the rare and highly sought after RPO 687 package, which includes the heavy duty brakes, suspension and steering. The Corvette also had a 37-gallon fuel tank, which was common for RPO 687 Corvettes that were raced at the time.

Ernst tracked down the parts Denman had removed from the car and reunited them with the Corvette in May of 1985. The current owner just completed a restoration in 2009, with the original livery of 1962.