First Chevrolet C8 Corvette Stingray sells for $4.36 million at auction

‘Vette VIN 001 sells to prominent motorsport figure for big money

First Chevrolet C8 Corvette Stingray auction
Gallery2

Barrett-Jackson’s Scottsdale auction produced a few interesting highlights, including the sale of the Ferris Bueller’s Day Off Ferrari California and a collection of Paul Walker’s personal vehicles, but the biggest sale comes thanks to the first production Chevrolet C8 Corvette Stingray.

At USD$3,000,000 (or AUD$4.36 million), VIN 001 sold with the entire hammer price going to charity. Its buyer? Rick Hendrick, NASCAR team owner and former racer himself.

But the car that rolled across the block was a pre-production car, present as a representation of the car Hendrick will receive.

“The car shown and crossing the auction block is representative of the actual vehicle the winning bidder will receive, which will be a black-on-black Corvette 3LT loaded with every available option, scheduled to be built during the first quarter of 2020,” Barrett-Jackson said of the car before its sale.

“The entire hammer price of this sale will benefit Detroit Children’s Fund - a non-profit organization that makes targeted investments to grow the number of quality schools in Detroit.”

First Chevrolet C 8 Corvette Stingray Auction Rear Jpg
2

General Motors CEO Mary Barra was also on stage to oversee the sale of the first production mid-engine ‘Vette, saying the men and women of GM have, with this car, taken the Corvette “to the next level.”

Within 10 seconds of bidding beginning, the price had shot up from USD$200K to $1 million, becoming double that another 10 seconds later. One minute in, and the sale price had been reached before auctioneers gave other bidders an extra minute to jump in.

 

How are you finding our new site design? Tell us in the comments below or send us your thoughts at feedback@whichcar.com.au.

 

Subscribe to Motor magazine

Subscribe to MOTOR and save up to 49%
The world's most thrilling performance car magazine. Delivered to your door each month.

Subscribe

 

We recommend

NEWS

Porsche Cayenne Nurburgring
News

Video: New Cayenne Turbo breaks Nüburgring lap record

Updated and upgraded top-spec Cayenna proves itself to be the fastest SUV ever

8 hours ago
Jordan Mulach
Please enable JavaScript to view the comments powered by Disqus.