Real or Replicar? Is this a real 1954 Corvette or a Fake?

We just stopped in Fort Walton Beach on the way home from the volleyball championships in Gulf Shores Alabama. A couple of old guys pulled into the restaurant in a splendid 1954 Corvette. I did not have a chance to quiz them on the car - they said it was okay to take pictures.

How about you car experts? Can you tell me if it is live or Memorex?

The original Corvette had a 256 cubic inch 6 cylinder engine with 3  - two barrels carbs. Notice the little automatic shifter - also no head restraints.