The 2020 Chevrolet Corvette Stingray is poised to usher in a new era for the American icon, marking the first time one of Chevy’s high-performance sports cars was built on a mid-engine platform. And the very first example of the new mid-engine Corvette sold earlier this year at the 2020 Barrett-Jackson auction in Scottsdale, Arizona, for a cool $3 million.
That $3 million will go to a very good cause. All proceeds benefit the Detroit Children’s Fund, which aims to improve the quality of schools in the city of Detroit. General Motors CEO Mary Barra was at the event to congratulate — and thank — the lucky winner. The new owner of the revolutionary supercar, in addition to receiving the world’s first production mid-engine Corvette, will also get a guided tour of the Corvette Museum in Bowling Green, Kentucky.
So who was the lucky winner of the $3 million 2020 Chevrolet Corvette Stingray? None other than famous racer, car collector, and NASCAR team owner, Rick Hendrick, who has bought a long list of famous Chevrolet models at this and other auctions over the years.
While $3 million is a hefty price tag, it is not large enough to make this Corvette the most expensive ever auctioned by Barrett-Jackson. That distinction belongs to a 1967 L88 Corvette Coupe, which fetched $3.85 million when it was auctioned in 2014.
While the first mid-engine Corvette to leave the assembly line already has an owner, you can experience the all-new supercar’s excellence right here at ELCO Chevrolet Cadillac when it hits lots later this year.