2020 Corvette C8 VIN 001 fetches $3,000,000 at Barrett-Jackson

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C8 Vin 001

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.

2020 Chevrolet Corvette C8 VIN 001 auctioned at Barrett-Jackson
Heading to the block | Sarah Day photo

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.

All proceeds to the Detroit Children’s Fund | Daniel Nikkhoo photo

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.

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8 COMMENTS

  1. Hiya Tom- watched the ‘Vette get auctioned live.
    Rick Hendrick (you know who he is) drove the bidding and won at $3mil (knowing he didn’t buy a car, just serial# 001 when it’s built). But Mr. Hendrick’s devotion to charity, and his desire to collect are well known; when during the camera sweeps of the bidders & audience from earlier I spotted him, all the pre-auction hype went right out the window- I knew who was going to have that ‘Vette. Mr. Hendrick never enters a contest to lose.
    Anyone denigrating NASCAR really needs to look at the charitable involvement the sport exhibits, year after year. Who coughs up $3mil for a car that hasn’t been built, and will never be driven, to fund schools in a city a thousand miles from their home? Why, Rick Hendrick does. Btw, he has also sold cars from his collection at Barrett-Jackson for charitable causes. And Mr. Hendrick is in no way alone, even though he always seems to write the biggest checks at B-J.
    May I suggest an article on the charitable impact of motor racing? Lotsa “sophisticated” folks down NASCAR as ignorance for the ignorant. But I suspect, after some internet work, that NASCAR and it’s people give more yearly to charities than any other professional sports organization, with IndyCar second.
    At any rate, at least a couple of generations of Detroit schoolkids will feel the energy and love from an old stockcar guy a thousand miles away, a gracious man who deserves recognition. Even though he doesn’t want it.
    And I’m not even a NASCAR guy, being Indianapolis born ‘n’ bred. But those cats give, and it’s a story needing told.

  2. Funny to think that one of GM’s Chevy dealers just paid $3M for a car of which he will soon own hundreds at the wholesale price—at his dealerships. But of course none of those will be VIN 001.

  3. This is great, Rick Hendrick,and Chevrolet and Barret Jackson stepping up to help children in a big way. I watched this live and the bidding took off quickly. This is some good stuff. I’m a bid Corvette fan, I’m the proud owner of a 1990 ZR-1, a beast in its own right. Nice work to everyone involved. Car guys ROCK!

  4. A great man we need more like Him .He had lots of bad things happen in his live he just keeps given he did real good in bisness but he made live good for many others .thank god for people like him

  5. Never been involved in these auctions: can someone please explain what will happen to VIN001 if “it will never be driven”?

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