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At a Barrett-Jackson classic car auction in Scottsdale, Arizona this past Saturday, the first production 2020 Chevy C8 Stingray was bought for $3 million — more than $2.9 million over its starting MSRP.

During the summer of 2019, Chevrolet announced the eight-generation drop-top version of the iconic American sportscar, the 2020 C8 Corvette Stingray. Though the model was supposed to go into production by the end of the year, it was delayed until February 2020 due to an employee strike. Despite the fact that the first production model hasn’t even been built yet, it was already on the slate at the auction house and sold for millions over its actual base retail price of $59,995.

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AFP Relaxnews