Last C7 Corvette sells for record $2.7 million, benefiting wounded veterans

With the eight-generation Chevrolet Corvette being introduced July 18, it’s time to say goodbye to the last of the seventh-generation ‘Vette models, and Chevrolet did the send-off up right for a good cause, auctioning off the final C7 Corvette for a record $2.7 million dollars. The proceeds will benefit a foundation that builds homes for gravely-injured military veterans.

The final C7 Corvette, a black 2019 Chevrolet Corvette Z06 convertible with a red interior that was donated free of charge by General Motors, sold at an auction hosted by storied collector car auctioneers Barrett-Jackson in Connecticut’s Mohegan Sun Casino. When the hammer fell after a raucous back-and-forth bidding war, the car sold to an undisclosed buyer, with the final purchase price setting a world record for a vehicle sold for charity.

The money will go to benefit the Stephen Siller Tunnel to Towers Foundation’s smart homes program, which builds free, handicap-accessible homes for wounded U.S. Military veterans. The foundation, which is named after a New York City firefighter who died when the World Trade Center collapsed on 9/11, also helps grieving families by paying off the mortgages of first responders killed in the line of duty.

Since the Tunnel to Towers Foundation’s smart homes program started, the charity has built or is in progress with the construction of 85 homes for injured veterans. The money raised from the sale of the last C7 Corvette will allow the charity to completely fund the construction of at least five more homes.

“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.”

GM has supported the Stephen Siller Tunnels to Towers Foundation for the past five years, with Chevrolet’s sister brand GMC naming the foundation as their primary charity. In 2018, GM and Barrett-Jackson raised $925,000 for the charity by auctioning off the first production 2019 ZR1 Corvette, which was purchased by Chevrolet dealer and NASCAR team owner Rick Hendrick at the 2018 Barrett-Jackson auction in Scottsdale, Arizona.

“It’s appropriate that the most iconic vehicle ever built in the US, has the honor of being the highest auctioned vehicle at Barrett-Jackson for a charity,” said Steve Hill, GM U.S. Vice President of Sales, Service and Marketing. “What makes me proud to be a GM employee is that fact that we’ve supported the military and veterans for over 100 years. This is a great evening, but tomorrow morning we get back to work to help more service members in need.”

It’s giving like this that makes us proud to sell quality Chevrolet vehicles at McLarty Daniel Chevrolet of Springdale. Stop in today for a test drive, or check out our full selection online today. For more information about the Stephen Siller Tunnel to Towers Foundation, visit their website at tunnel2towers.org

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