Chevrolet Corvette E-Ray No. 1 shall be Corvette No. 122 for seller Rick Hendrick.

Hendrick paid $1.1 million to purchase the first-ever electrified Corvette on the Barrett-Jackson public sale in Palm Seaside, Fla., this month.

It is solely the newest in a string of seven-figure Corvette VIN 001 acquisitions for the 73-year-old collector. In 2022, Hendrick purchased the primary 2023 Z06 for $3.6 million and the primary 2023 Z06 convertible for $1 million.

His full cost for the E-Ray will go to DonorsChoose, a nonprofit that helps faculty lecture rooms in want.

“From electrified all-wheel drive to being the quickest Corvette ever made, the E-Ray is a real first-of-its-kind supercar,” Hendrick, the CEO of Charlotte, N.C.-based Hendrick Automotive and proprietor of Hendrick Motorsports, instructed the Detroit Free Press afterward. “Earlier than I even had a driver’s license, I fell in love with the Corvette and daydreamed of proudly owning one. For folks like me who’ve watched its evolution throughout seven many years and eight generations, this represents a brand new chapter. As a Corvette fanatic, it is a piece of historical past.”

Hendrick mentioned he’ll by no means drive his E-Ray to maintain it in excellent situation. The automotive may have a retail value of $104,295 together with delivery when Chevy dealerships start promoting them this 12 months.

The Palm Seaside public sale logged whole gross sales of $44.4 million, together with a 2020 Ford GT Heritage Version that bought for almost $1.5 million and Lee Iacocca’s 2009 Ford Mustang Iacocca forty fifth Anniversary Version, which went for $150,000.