With all of the proceeds going to charity.
It seems like only yesterday when the last ever C7 generation Chevrolet Corvette crossed the auction block at Barrett-Jackson. The final front-engine Vette sold for a whopping $2.7 million, benefitting the Stephen Siller Tunnel to Towers Foundation. Just as the last front-engine Corvette sold for big money at auction, buyers will now have an opportunity to bid on the first mid-engine car (VIN 001) at the 49th Annual Barrett-Jackson Scottsdale Auction from January 11-19, 2020. The car will be on display during the 12th Annual Las Vegas Auction at the Mandalay Bay Casino and Resort.
"We're honored that Chevrolet has selected our 2020 Scottsdale Auction to sell one of the most historically important sports cars of our time," said Craig Jackson chairman and CEO of Barrett-Jackson. "The 2020 Chevrolet Corvette Stingray ushers in a new era of design and performance that will long be regarded as a milestone for America's sports car. Witnessing the sale of the first production 2020 will, without a doubt, be one of the hallmarks of next year's Scottsdale Auction. What makes this sale even more exciting is that 100 percent of the hammer price will benefit the incredible students across the Detroit area."
All of the proceeds from the sale will benefit the Detroit Children's Fund, which offers training, resources, and supplies to underfunded public schools. The fund also helps schools acquire computers, textbooks, and other learning tools. "Over the years Chevrolet has partnered with Barrett-Jackson to raise millions of dollars for charity through the auction of many VIN 001 vehicles," said Sean Finegan, Chevrolet Manager of Corporate Events.
"Since its debut in July, the 2020 Chevrolet Corvette has raced its way into the hearts of performance enthusiasts around the globe. We're excited to team up with Barrett-Jackson again and auction the first retail production Corvette in Scottsdale in January to benefit Detroit Children's Fund. It's only fitting that VIN 001 begin its legacy on the block to help build up and invest in the lives of students across this great city."
As with all other 2020 Corvettes, VIN 001 will be powered by a 6.2-liter LT2 V8 producing 495 horsepower and 470 lb-ft of torque going out to the rear wheels through an eight-speed dual-clutch transmission. The car is also equipped with the Z51 Performance Package for $5,000, which adds an upgraded suspension, electronic differential, front and rear spoilers, Brembo breaks, better cooling, and Michelin Pilot Sport 4S tires.