[VIDEO] First VIN Corvette Z06 C7.R Edition Sells for $500,000 at Barrett-Jackson


[VIDEO] First VIN Corvette Z06 C7.R Edition Sells for $500,000 at Barrett-Jackson

On Saturday evening, the VIN 001 2016 Corvette Z06 C7.R Edition became the latest “first retail” Corvette to be sold at auction with the proceeds going to charity.

The actual VIN 001 limited edition Corvette Z06 C7.R took to the block at Barrett-Jackson’s Las Vegas auction and after an introduction by Corvette’s Marketing Manager Todd Christensen, the Corvette was sold to a phone bidder for $500,000.

The C7.R Edition was driven on stage and then covered with its very cool C7.R yellow car cover that mimics the livery of the real Corvette Racing C7.Rs graphics. The cover was included in the auction and was signed by the factory race car drivers.

Once bidding started, the cover was removed and the hood raised to show the supercharged 650-horsepower LT4 engine. Bidding quickly reached $500,000 and the auctioneer hammered the car sold without begging. When the hammer dropped, the announcer confirmed it was a phone bidder that won the car.

The $500,000 in proceeds for the car was donated directly to the College of Creative Studies, a four-year fine arts and design school based in Detroit.

Thanks to our friends over at CorvetteReport.com for capturing the sale on video:

The odds-on favorite is that Chevy dealer and NASCAR team owner Rick Hendrick purchased the car for his collection which already includes the the first four VIN 001 Corvette Stingrays and Z06s. We know that Rick wasn’t in Las Vegas on Saturday and so if we hear anything else, we’ll keep you updated.

Only 650 Z06 C7.R Editions will be built with 500 available for the United States and 150 will be exported. The 2016 Corvette Z06 C7.R Editions are being produced now and will be available in 4th quarter this year.


Chevrolet to Auction first 2016 Corvette Z06 C7.R Edition at Barrett-Jackson Las Vegas
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