Paul Newman's Corvette Race Car Fetches $275,000 in Auction


At the RM Auctions in Amelia Island, Paul Newman's 700hp Corvette racer found a new home.

The late, great, Paul Newman will always be remembered with fondness by automotive enthusiasts across the globe. The Hollywood legend is known for racing the 24 Hours of Le Mans in Barbour's Porsche 935 and for being a close friend and rival to Steve McQueen. At age 70, he was also the oldest driver to be a part of a winning team in a major sanctioned race, and this week the rich heritage of motorsports he paved throughout his life has continued.

Newman's V8-powered 2002 Chevrolet Corvette that he won his last SCCA race in was sold in auction for $275,000. The 700hp, 346-cubic inch Corvette was recently rebuilt, re-bodied, repainted and given the number 83 - Newman's age prior to the Amelia Island auction. It was originally built for Tom Gloy's 2002 Trans Am season by Riley & Scott. Newman's acting career saw him win an Academy Award in 1986 for best actor in 'The Color of Money'; however his greatest legacy is 'Newman's Own' food company that donates all post-tax profits and royalties to charity, which as of July 2001 had exceeded $300 million.

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