NASCAR team owner Rick Hendrick paid US$3 million in a charity auction by Barrett-Jackson in Scottsdale, Arizona, for the first 2020 Chevrolet Corvette C8 Stingray with all proceeds going to Detroit Children's Fund.

By Ian Horswill

Posted on January 22, 2020

Hendrick Companies CEO Rick Hendrick paid US$3 million for the first 2020 Chevrolet Corvette Stingray Coupe at a charity auction in Detroit.

The auction of the Chevrolet C8 Corvette Stingray Coupe Vin 001 by Barrett-Jackson in Scottsdale, Arizona, was one of several charity auctions that attracted Fortune 500 business leaders and captains of industries including Mary Barra, Bob Carter, Tony Vinciquerra, Susan Wojcicki, Anne Wojcicki, Neal Moritz and Rick Hendrick.

Rick Hendrick, Chevrolet Corvette Stingray

The auction figure beats the price for the first production Toyota Supra (US$2.1 million) and the Ford Mustang Shelby GT500 (US$1.1 million). At the same Barrett-Jackson auction the first production 2021 Lexus LC 500 Convertible Inspiration Series VIN 100001 raised US$2 million for charity.

Rick Hendrick, owner of the American NASCAR team, Hendrick Motorsports, and co-owner of JR Motorsports, and founder of the Hendrick Automotive Group and Hendrick Marrow Program, did not just lay down US$3 million for the impressive car, which comes in 3LT trim loaded with all available options. It will also come with a black exterior, black seats with red trim, red seatbelts, GT2 seats, removable roof panel, and rear spoiler. There’s also a performance data recorder and Z51 performance package.

The winning bid entitles 70-year-old Hendrick the option of taking delivery of his mid-engine coupe at the Corvette plant in Bowling Green, Kentucky. He also gets a hosted tour at the Corvette Museum, a Letter of Authenticity, and a unique artwork.

The 2020 Corvette appears radically different than previous Corvettes with it being the first model to feature an engine behind the driver instead of under the hood.

“I am the number one Corvette junkie in the world,” said Hendrick in a press release from General Motors. “Thanks to Chevrolet and Barrett-Jackson, because they always pick charities that are so good and help so many people.”

He received the keys from General Motors’ CEO Barra at the completion of the auction.

Rick Hendrick’s money goes to Detroit Children’s Fund – a non-profit organisation that makes targeted investments to increase the number of quality schools in Detroit.

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