I'm thinking.....ummm no! I realize back then no one knew what the value of these cars would be these days ...but even back then certainly no. 1 wouldn't have been turned into a race car.
That car has been up for sale a few time before with LOTS of questions and not alot of answers. If I remember the vin may be real but not for that car. I think it was talked about on yenkos.net or team camaro.