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First Mid-Engine Chevy Corvette Sold for $3 Million at Auction

Barrett-Jackson sold the first C8 Corvette off the line for the Detroit Children’s Fund charity, and NASCAR team owner Rick Hendrick snapped it up.

  • The Barrett-Jackson auction company got $3 million for the very first 2020 Chevrolet Corvette off the line at its January auction in Scottsdale, Arizona, with all proceeds going to a Detroit educational charity.
  • The mid-engine C8 Corvette with VIN 001 gets the Z51 Performance package and the 495-hp 6.2-liter LT2 V-8, and the winning bidder was NASCAR team owner Rick Hendrick.
  • This same auction house sold the last C7 Corvette last spring and took in $2.7 million for a different charity.

UPDATE 1/19/20: NASCAR team owner Rick Hendrick was the winning bidder, paying $3 million for C8 Corvette no. 1 at a high-spirited charity auction event on Saturday featuring GM CEO Mary Barra on the stage. Although the car present at the auction was red, Barrett-Jackson said the actual first car will be “a black-on-black Corvette 3LT loaded with every available option, scheduled to be built during the first quarter of 2020.”

We’ve seen this before: automakers offering the first example of a highly anticipated new model up for auction to benefit a charity. This time, General Motors will auction off the first mid-engine Corvette off the line at Barrett-Jackson’s Scottsdale Auction in January. All proceeds will go to the Detroit Children’s Fund, which benefits underfunded Detroit public schools.

VIN 001 of the C8 Corvette Stingray is powered by a 495-hp 6.2-liter LT2 V-8 and is equipped with the Z51 performance package, which adds an electronically controlled limited-slip differential with a shorter final-drive ratio, Brembo brakes, a performance exhaust, heavy-duty cooling system, and Michelin Pilot Sport 4S summer tires.

GM CEO Mary Barra and winning bidder Rick Hendrick pose during the Barrett-Jackson Auction in Scottsdale on January 18.

There’s no doubt this example will go for well over the $59,995 starting price of the C8 Stingray. Only a few months ago, the final front-engine C7 Corvette sold for $2.7 million at the Barrett-Jackson Northeast Auction in June, and the first Ford Mustang Shelby GT500 off the line sold for an insane $1.1 million at the Barrett-Jackson Scottsdale auction in January, both also for charity.

Source: Car and Driver; Conner Hoffman


MAE Hall of Fame at NC State Inductee, Hans deBot

Hans deBot, a local businessman and entrepreneur, was inducted into the Mechanical and Aerospace Engineering (MAE) Hall of Fame at NC State University on November 1, 2013. He was nominated for this honor by his colleagues and was selected by the faculty and Dean of the MAE Department at NC State.
See full article @ http://www.debotech.com :

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