The last C7 Corvette just sold for 33 times its MSRP, and—by the way—Chevrolet hasn’t even built it yet. The final seventh-generation ‘Vette, a black 2019 Z06 coupe with seven-speed manual transmission, went for $2.7 million at Barrett-Jackson’s Northeast Auction to benefit the Stephen Siller Tunnel to Towers Foundation.
That’s the highest price paid for an automaker-donated vehicle and auctioned for charity by Barrett-Jackson.
When the eighth-gen mid-engine Corvette arrives later this year, Chevrolet will cease production of the C7, meaning the final seventh-gen Corvette built at General Motors’ facility in Bowling Green, Kentucky, does not yet exist. The car on the auction block was a replica of that future car: gloss black with Adrenaline Red trim, custom-wrapped red interior, Performance Data Recorder, navigation, Brembo brakes, and an all-aluminum, 650-horsepower, supercharged 6.2-liter LT4 V-8 engine.
GM hasn’t said what it plans to do with that replica, but it will likely be considered more collectible than a production C7.
For comparison, a 2019 Corvette Z06 coupe with manual gearbox that is purchased through Chevrolet starts at $80,900. And an orange 2019 Corvette ZR1 coupe with a supercharged 6.2-liter 755-hp V-8 and a top speed of 212 mph—the fastest, most powerful Corvette in history—sold for $176,000 at Mecum’s 2018 Monterey Auction. That ZR1 is one of only 2000 made and had only 29 miles on the odometer at the time of the sale.
Frank Siller, chairman and CEO of the Stephen Siller Foundation, says proceeds from the $2.7M sale of the final C7 will build “at least five homes” through the foundation’s Smart Home Program. The program constructs accessible homes uniquely fitted for service members who have been catastrophically injured, Siller says, “[giving] them their independence and a better quality of life.”
GM has supported the Stephen Siller Tunnel to Towers Foundation as its national foundation of choice for the past five years, helping raise more than $10 million. That includes $2.2 million raised last year, highlighted by $925,000 paid for the first production 2019 Corvette ZR1.