Helmintoller donated the tuned Z06 to the museum last December, at which time it was appraised at $125,000, according to Fox News. Given it's current condition, the Mallet Hammer may put the brakes on the museum's plan to restore all eight sinkhole cars, with help from General Motors.
Since crews began pulling the cars out of the sinkhole, the news has been mixed. While the 2009 Corvette ZR1 known as "Blue Devil" appeared to have only superficial damage, things seemed to get worse as the cars that had fallen further were recovered.
Yet the crumpled Mallet Hammer Z06 and the other seven unfortunate Corvettes will be on display at the museum until the end of August. The group--which the museum calls the "Great 8"--is reportedly valued at around $1 million.
The massive sinkhole opened up under the museum's Skydome in late February, sparking conspiracy theories and plenty of publicity that may benefit the museum in the long run. Repairs to those Corvettes that can be worked on are expected to be completed by early August.