A bid of $140,000 wasn't enough to meet the reserve price.
The final 2020 Chevrolet Corvette C8 was expected to fetch big money when it went up for auction a couple of days ago. After all, the first and last individual models in a specific year tend to sell for bigger money, as was the case with the first 2020 Corvette C8 that sold for an unbelievable $3 million.
But a visit to the listing on Mecum Auctions for the last 2020 model, a convertible painted in Sebring Orange, confirms that despite the best bid of $140,000, the car wasn't sold. Mecum has added its "the bid goes on" tag to the listing, confirming that the drop-top was expected to fetch a higher offer than it got.
When the auction was announced, we did point out that this particular Corvette was one of the rarest specifications for all 2020 Corvettes that were sold. It could be that the combination of the Sebring Orange paint (chosen by only 6.8 percent of 2020 customers) and the convertible (the majority of Corvettes that were sold were coupes) simply wasn't desirable enough for most prospective buyers.
That being said, $140,000 is still a lot of money considering that a brand new Corvette C8 Convertible starts from just $67,495. You could add virtually every option to a 2021 model and still not arrive at $140k.
In fact, we went ahead and specced what we believe to be a much more appealing C8 convertible. Pictured below, our 2021 C8 Convertible is in the top 3LT trim, finished in Rapid Blue premium paint with Midnight Gray racing stripes, and with a Jet Black/Sky Cool Gray interior. We also added the Z51 Performance Package which the final 2020 Corvette lacks.
Our final price including destination? A much more appealing $87,620. It remains to be seen if the uncommon Sebring Orange C8 will be able to fetch a higher price in the near future, despite its status as the last 2020 Corvette to roll out of the factory.