Fast and high: First 'Vette ZR1 sells for $1 million

Results from Barrett-Jackson's collector car auction include the first new Dodge Challenger, the first new Shelby GT500 KR and a giant car-eating robot dinosaur.

By Peter Valdes-Dapena, CNNMoney.com staff writer
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2009 Cheverolet Corvette ZR1
Sold for: $1 million

The right to purchase the first "retailable" 2009 Chevrolet Corvette ZR1 built was auctioned off for an even million at the 2008 Barrett-Jackson auction in Scottsdale, Ariz. Saturday.

Production of the 2009 ZR1 is expected to begin this summer. Sticker prices will be about $100,000. The Corvette ZR1 will be equipped with a supercharged 6.2-liter V8 engine producing at least 620 horsepower.

The car shown here is a preproduction vehicle, not the car that will ultimately be sold.

All proceeds of the sale will be donated to the United Way.

Last updated January 21 2008: 1:42 PM ET

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