Cars

Last Front-Engined Corvette Fetches An Unbelievable $2.7 Million


The anticipation for the Corvette C8 is immense, but that does not mean people aren’t still drooling over the outgoing, front-engined C7.

Quite the opposite, in fact, as someone paid $2.7 million to secure the final seventh-gen Corvette, a black Z06 model that would otherwise start from a measly $80,900.

The winning bid at the Barrett-Jackson Northeast Auction at Mohegan Sun came from Dan Snyder, the CEO of digital media company inLighten and founder of Dan Snyder Motorsports. The $2.7 million he pledged to secure the last ever front-engined ‘Vette makes the black Z06 example the most expensive automaker-donated vehicle at any auction ever organized by Barrett-Jackson.

Dan Snyder is the same guy who last year snatched the last-produced Dodge Viper and Dodge Demon muscle cars for $1 million. “It’s exhilarating to win and a privilege to have the responsibility of caring for these historic vehicles that I believe are an important part of America’s heritage. To me, they exemplify American craftsmanship, engineering excellence, and manufacturing prowess,” Snyder replied when asked about his new acquisition.

Together with his son Mitch, Dan Snyder has collected almost 100 performance cars over the years, including 30 Vipers. Two of those are the Viper ACRs that set a 7:01:03 lap time on the Nürburgring in 2017 as part of an independent effort supported by Dan Snyder Motorsports.

“American muscle cars are a vanishing breed and should be preserved and celebrated because they provide a uniquely American driving experience of open roads, unlimited horizons, and individual freedom,” Snyder added.

It’s a good thing that the last Corvette C7 will be added to the collection of a big time fan of American muscle cars like Snyder, who says the $2.7 million Z06 won’t be a garage queen as he plans to drive it occasionally. What’s even better is that the sum will be donated to the Stephen Siller Tunnel to Towers Foundation, which assists fallen and injured military members, first responders and their families.

“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,” he added.

 

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