Last 2020 Corvette Produced Fails to Sell at Auction With $140K High Bid

Surprisingly, GM let the last 2020 Corvette produced go to a dealer, but unsurprisingly, it wound up at auction.

Last month, we reported that the last 2020 Corvette produced – a Sebring Orange convertible – was ordered by Van Bortel Chevrolet in upstate New York and would be sold to a customer. This seemed rather unusual at the time because the first and last Corvettes produced each model year are generally either auctioned off for charity or kept on display by General Motors. However, the last 2020 Corvette did in fact make its way to Mecum’s Kissimmee auction, where it failed to sell with a high bid of $140k.

It’s unclear if it’s the dealer or the person that purchased this C8 that’s trying to sell it, but either way, we aren’t surprised one bit that they’re trying to capitalize on this rare score. After all, NASCAR team owner Rick Hendrick paid a whopping $3 million for the first 2020 Corvette back at Barrett-Jackson’s Scottsdale auction. And before that happened, the last C7 Corvette produced raked in  $2.7 million at another Barrett-Jackson sale.

Taking those figures into account, we have to imagine that the reserve price for the last 2020 Corvette was set quite a bit higher than $140k, even if this one’s sale isn’t benefitting a charity. It’s also a pretty rare machine in its own right, as GM managed to produce just 3,581 convertibles in the 2020 model year, and only 284 of them were finished in Sebring Orange, making this one of the rarest combinations available.

Thus, it makes us wonder why this special Corvette didn’t conjure up a flurry of bids and a stout hammer price. Perhaps it’s because neither the seller nor the auction house advertised it ahead of time in any significant way. Or maybe it’s because the sale wasn’t benefitting a charity. Or, perhaps this obvious flip turned off prospective buyers, though that’s never really stopped them in the past.

Regardless, we imagine that it won’t be long before the last 2020 Corvette produced finds a new home and likely trades for big money. No matter the circumstances behind it, the first and last Corvette of every model year is a lock for collectible status, and the last of the first mid-engine Corvettes made is no exception to that rule.

#gallery-1 {
margin: auto;
}
#gallery-1 .gallery-item {
float: left;
margin-top: 10px;
text-align: center;
width: 33%;
}
#gallery-1 img {
border: 2px solid #cfcfcf;
}
#gallery-1 .gallery-caption {
margin-left: 0;
}
/* see gallery_shortcode() in wp-includes/media.php */

Photos: Mecum Auctions

‎