First 2014 Corvette Stingray sells for $1.05 Million

Rick Hendrick, NASCAR team owner, is no stranger to high performance automobiles. He is a regular at the Barrett-Jackson auction events and made an appearance this weekend as well.

The first 2014 Chevrolet Corvette C7 Stingray VIN #001 sold Saturday night, at the 42nd annual Barrett-Jackson auction, for a cool $1.05 Million! Who bought it? Rick Hendrick, of course. All proceeds from the sale will benefit the College for Creative Studies in Detroit, Michigan.

He also bought two other rare Corvettes, the 1958 Corvette owned by GM CEO Dan Akerson ($270,000) and the 1968 Owens/Corning L88 Corvette Race Car ($1M).

Hendrick is an avid collector. Some of his previous purchases include;

• First 2010 Camaro SS - $350,000
• First 2011 Camaro SS convertible - $205,000
• First 2012 Camaro ZL1 - $250,000
• First 2011 Corvette Z06 Carbon Edition - $270,000