Latest News > First Corvette Stingray Fetches Over $1 Million at Barrett-Jackson

First Corvette Stingray Fetches Over $1 Million at Barrett-Jackson

by James Deaton on

The first 2014 Chevrolet Corvette Stingray, vin #001, sold for over $1 million at the Barrett-Jackson auction in Scottsdale this weekend.

The new Corvette was purchased by NASCAR team owner and auto dealership mogul, Rick Hendrick. Hendrick paid $1.05 million plus 10 percent buyer’s premium for the privilege to own the first production 2014 Corvette Stingray. All proceeds of the sale are being donated to the College for Creative Studies in Detroit, a school that specializes in training designers for the auto industry.

The new Chevrolet Corvette Stingray was unveiled recently at the Detroit Auto Show (auto show archive here). The Stingray name was first introduced in 1963 and last used in 1976. The new 2014 Corvette is the most powerful base Corvette ever, with a 6.2L V8 engine capable of 450 hp.

However, Rick Hendrick didn’t stop at just one Corvette this year. He also won the auction for a 1969 L-88 Owens/Corning Corvette racecar, forking out another $1 million, and snatching up a 1958 Corvette owned by General Motors CEO Dan Akerson for $270,000. Proceeds from the sale of Akerson’s Vette were donated to Habitat for Humanity. Riding on an evident Corvette kick, Hendrick paid another $270,000 for a 2013 Chevrolet Corvette 427 convertible capable of 505 hp. Proceeds from the sale benefitted Food Network chef Guy Fieri’s charity, Cooking With Kids.

Hendrick, in recent years, has also purchased the first 2011 Corvette Z06 Carbon Edition for $270,000.

With an amazing contribution given to charities this weekend, Hendrick, who is the largest Chevy dealer in the country, plans on possibly using his new rides for marketing and publicity purposes.

The highest price ever paid for a Corvette was in 2008 at the Scottsdale Barrett-Jackson auction, in which a 1963 Corvette “Rondine” concept coupe, took in $1.76 million.

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