The very first 2014 Chevrolet Corvette Stingray was auctioned off this weekend at the Barrett-Jackson automotive auction in Scottsdale, AZ, and the lucky winner claimed his prize for a cool $1.1 million. Rick Hendrick, a NASCAR team owner, beat out the competition during the automotive auction to be the first person to own the new model Stingray. Both it and its convertible cousin will be available at car dealerships nationwide later this year.

Though he may be the owner now, Hendrick won’t get his hands on the vehicle until later this year when the first vehicles roll off the assembly line at the Bowling Green Assembly Plant in Kentucky. Kendrick’s special vehicle will be complete with a VIN number that ends in 0001 though to signify it is the first one.

Proceeds from the auction, including the Stingray sale, will go to the Barbara Ann Karmanos Cancer Institute.

Stay tuned to the Pat McGrath Chevyland blog as we keep you up-to-date on the latest news on the Chevrolet Corvette Stingray and when you can get your hands on one of these beautiful vehicles too.