1972 LT1 Corvette with AC

[TimG]

I was hoping you all may be able to help me with the value of a car that I came upon. Fifteen years ago, I gave a guy my phone number at the gym; I probably had a car related shirt on or something and we started talking. He told me he had a 1972 LT1 Corvette he bought from the original owner. Fast forward to about two weeks ago when he contacted me about selling the car. He’s owned this Corvette for 32 years and hasn’t started it in 21 years. I had visions of some bucket of bolts in his garage, but he was five miles from me, so I thought it was probably worth the trip.

What I found was a 1972 Ontario Orange with saddle leather interior LT1 coupe with air conditioning, a pretty rare combination. This appears to be one of the best preserved and rust free Corvettes I’ve ever seen. It also has the Protect O Plate, shippers copy, two Corvette Order copies (one still on the tank) and the new car inspection form. It has a number of other nice options. The car was ordered in San Antonio and has been there and Austin its entire life. Even the original exhaust is still on the car and in good shape. Tires, water pump, and master cylinder have been changed out; but it really is an amazing car.

He’s indicated he wants in the $50,000 range for the car, but I don’t know what good versions of these cars are worth. Any ideas?
I'm more of a mid-year guy, I do feel this car has the potential to garnish most every Corvette originality award out there.