First C8 Sells For $3 Million, Plus Tru-Coat, Probably

The first Chevrolet Corvette C8 to come off the line has already sold, and, well, it got a bit of a markup over sticker price. C8 Vin 001 went across the block at Barrett-Jackson with a winning bid of $3 million.

If that makes you worried about how much you’ll end up paying for your own C8, it shouldn’t. This was a charity auction, and if you’ve ever watched one of the charity lots sell at a Barrett-Jackson auction, you’ll know that they’re an astounding event with very little attachment to reality. Where cars can sell for massive amounts and then immediately be relisted and sell for even more. Look at last year, when the first production Toyota Supra sold for $2.1 million, or when the last C7 sold for $2.7 million.

The winning bidder was Rick Hendrick, of Hendrick Motorsports and a massive chain of car dealerships. While the car on the block was red, the real car will be black on black with the Z51 Performance package and all the options ticked.

Benefiting from the auction is the Detroit Children’s Fund, a non-profit based in Detroit that makes investments into lower-performing schools and to improve educators to help kids there receive a better education.