Last 2019 Corvette C7 Gavels For $2.7 Million At Barrett-Jackson
Car Pro | July 1, 2019
Barrett-Jackson Sale of C7 Benefits Stephen Siller Tunnel to Towers Foundation. Credit: Barrett-Jackson
The final C7 Corvette will be remembered for more than just being the last of its generation off the assembly line. It will also be remembered for breaking a record at Barrett-Jackson. The C7 was auctioned off on Saturday to the tune of $2.7 million, with all proceeds benefiting the Stephen Siller Tunnel to Towers Foundation. Barrett-Jackson says the winning bid – for a black Z06 model – breaks its record for an automaker-donated vehicle.
“This is going to vibrate across America,” said Frank Siller, chairman and CEO of the Stephen Siller Foundation. “This donation will build at least five homes for our catastrophically-injured veterans to give them their independence and a better quality of life.”
The Stephen Siller Tunnel to Towers Foundation builds mortgage-free, accessible smart homes for the most catastrophically-injured service members. It also helps pay off the mortgages for families of first responders killed in the line of duty. To date, 85 homes have been built or are under construction. This donation will allow for construction to begin on five new homes.
“It’s appropriate that the most iconic vehicle ever built in the US, has the honor of being the highest auctioned vehicle at Barrett-Jackson for a charity,” said Steve Hill, GM U.S. Vice President of Sales, Service and Marketing. “What makes me proud to be a GM employee is that fact that we’ve supported the military and veterans for over 100 years. This is a great evening, but tomorrow morning we get back to work to help more service members in need.”
For the past five years, GM has supported the Stephen Siller Tunnel to Towers Foundation as its national foundation of choice. In that time, it has helped the foundation raise more than $10 million. That includes $2.2 million raised last year, with $925,000 of it coming from the auction of the first production 2019 Corvette ZR1. It was purchased by Chevrolet dealer and NASCAR team owner Rick Hendrick at the 2018 Barrett-Jackson Scottsdale sale.
GM says it is committed to helping those who have given so much for their country. Its current and retired workforce includes 60,000 veterans.
“We couldn’t be more excited to have helped write a new chapter in automotive history with the sale of the last-built seventh gen Corvette,” Said Craig Jackson, chairman and CEO of Barrett-Jackson. “Not only did the bidding create an emotional auction moment, but the hammer price of $2.7 million is going to help many of our nation’s finest heroes. Chevrolet has been a wonderful partner over the years and we couldn’t be prouder to have shared in this incredible experience with them and all of our guests.”