For 100 percent of the hammer price, Barrett-Jackson Auctions and Chevrolet raised $3,000,000 for The Detroit Children’s Fund here, in today’s auction of the first retail production 2020 Chevrolet Corvette C8 Stingray during the 49th Annual Scottsdale Auction, at WestWorld of Scottsdale.
One of nine charity vehicles, the 2020 Chevrolet Corvette C8 Stingray VIN 001 is powered by a 6.2-liter V8 LT2 engine and comes equipped with the Z51 performance package. Called “the jewel in the center,” the Corvette’s naturally aspirated V8 engine is attached to an 8-speed, dual-clutch transmission capable of 495 horsepower and 470 ft/lbs of torque ‒ the most horsepower and torque for any entry Corvette. This all-new mid-engined Corvette rides on coilover springs and monotube shocks, magnetic ride control and features massive front and rear four-piston Brembo brakes.
The Detroit Children’s Fund offers training, resources and supplies to underfunded public schools in the greater Detroit area. It works to bridge the gaps in funding and expertise, directing resources and best practices that are proven to help schools improve on the whole. In addition, the Detroit Children’s Fund helps schools acquire the technology and training they need to make and monitor progress, as well as provides computers, textbooks and other learning tools essential for student learning.