It obviously pays to be first.
That’s the takeaway from last weekend’s Mecum Auction, where the owner of the last 2020 Corvette produced turned down a high bid of $140,000.
Personally, we would have taken the money and run.
You may remember VIN 001 wound up going for $3 million at the Barrett-Jackson Scottsdale auction in January 2019, with enthusiast and car dealership owner Rick Hendrick reaching deep in his pockets for the honor of having the very first mid-engine production Corvette in his garage.
Apparently, the final production 2020 doesn’t carry as much clout.
Despite being offered nearly double the sticker price, the seller refused to take $140,000 for the historic car, though there are some who feel it’s not really all that noteworthy.
The Bowling Green Assembly Plant completed the Sebring Orange Convertible on Dec. 14, complete with the top-of-the-line 3LT package that includes GT2 Nappa leather seats, carbon fiber, suede trims, and more color on the dash.
Some feel it would have been more valuable had the owner checked the box for the Z51 Performance Package that includes Brembo brakes, suspension upgrades, an electronic limited-slip differential, aero components like a front splitter and rear spoiler, heavy-duty cooling, and Michelin summer-only tires.
He didn’t, though.
Now, with the prices starting to fall a little bit on used 2020s, thanks to increased production of the 2021s, we’re not really surprised that the final production 2020 didn’t go for a humongous price – though $140,000 would still have offered a nice profit for the owner. By the way, two other 2020 Stingrays did sell at Mecum – a 3LT non-Z51 Black convertible for $115,500 and a 2LT Z51 Arctic White coupe for $129,250.
Do you think the last 2020 will be worth more in the long run? If it had been the last of the front-engine Corvettes in 2019, maybe, but the last 2020 isn’t really all that significant. We think in the months to come, the owner of this car may regret turning down such a big price.
Photos and video by Jeremy Welborn