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First Challenger sells for $400k; First ZR1 ‘Vette for $1 million

01/20/2008, 6:06 PM

By admin

The first ever 2008 Dodge Challenger has been won at auction for $400,000. Perhaps even more amazing, the first Corvette ZR1 fetched $1,000,000. Both cars were auctioned at Barrett-Jackson this weekend, with funds going to the notMYkid and United Way charitable organizations, respectively.

The first production Dodge Challenger has not even been built yet, but that should happen shortly after the car is officially unveiled in three weeks at the Chicago Auto Show. The $400,000 figure dwarfs the expected MSRP of $37,995 for the SRT8 model. A plaque will firmly identify the car as number one.

Meanwhile, the first salable ZR1 has already been built and will go to collector Dave Ressler immediately. The million-dollar price tag is roughly ten times what a ZR1 will retail for. The ZR1 is the most powerful Corvette ever, delivering 620 horsepower. Ressler’s car is painted Le Mans blue.

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01/20, 6:12 PM

posted by:

F451

They both represent the last of an era.

01/20, 6:46 PM

posted by:

Blakkarr

I think I might agree. We’ll have to see.

But what comes after should be, this one hopes, even more amazing.

01/20, 7:51 PM

posted by:

jayjc08

H.o.l.y s.h.i.t. If there was such a thing, this would be it, a lil piece of ridiculous heaven.

01/20, 7:55 PM

posted by:

corvette

damn. WTF, that’s expensive. i wonder how many corvettes that guy’s got. i love the ZR1

01/20, 8:03 PM

posted by:

CA36GTP

Wow, what moron paid $400k for a 5-speed automatic “SRT” car?

01/20, 8:11 PM

posted by:

global_lightning

Baby-boomers with lots of cash and nostalgia for the ‘good old days’. REMINDER: buy more stock in V1@gra, Depends, and ‘vintage’ auto auctions.

01/20, 8:16 PM

posted by:

Eddie Willers

These people donate millions to charity every year anyway, not idiots.

01/20, 9:43 PM

posted by:

Elvio

THEY BOTH OVERPRICED IN THE AUCTION.

01/20, 9:53 PM

posted by:

RamRod003

The “moront” that bought the Challenger was Craig Jackson the man who runs the Barrett Jackson auctions.

01/20, 9:57 PM

posted by:

jdasch1

Same people pay millions too much for yachts and oceanfront property too…whats $400k to them. Its like most people paying 10 bucks too much for bad sports seats. The only difference is they have #1 of very few made, and thats priceless! Good for them.

01/20, 10:24 PM

posted by:

S-60-driver

who the hell cares how much money those were sold. The money went for those KIDS!! Charities!!! More money, the better for the kids and all.

God, u all are f—king whiners!

01/20, 10:29 PM

posted by:

hateful83

People have more money than they know what to do with. Why not just wait until the car comes out? Guess that’s not exclusive enough.

01/20, 10:52 PM

posted by:

CA36GTP

If I had the money, I’d write the $400,000 check, hand it over, let them sell the auto Challenger to some other idiot for more money, and buy a real car.

01/20, 11:38 PM

posted by:

johnnycanuck

Barrett-Jackson has become a pimp for anything from the big 3 muscle-car era. They’re getting 100 large for former 318 Barracudas just because some genius dropped a hemi into the engine bay. So, congratulations America (and I include Canadians in the mix), despite any thoughts of an impending recession or sub-prime mortgage crisis there’s obviously still plenty enough of you with gratuitous amounts of disposable income.

I must admit however, I really don’t understand the lure for those who buy collector cars purely as an investment. At the high end of the game (low miles, matching numbers, one of a very limited production number etc…)-maybe. At the low to middle end I’d much rather take my chances in real estate. The funniest part is most of the cars purchased are unlikely to even get driven for fear of depreciation due to any number of concerns.

Which brings me to the ‘life’s too short’ perspective. For a quarter, or a half, or even a tenth of what these sheet metal speculators are paying to put something in their garage that may not see asphalt again until the next auction, there are any number of cars you can buy at the auto mall today that will run rings around them.

I know; I just don’t get it. Autonut keeps repeating the mantra ‘I’d rather drive a slow car fast than drive a fast car slow. I’d rather just be driving.

01/20, 11:54 PM

posted by:

jamak

Johnnycanuck you have got it right. I totally agree.

01/21, 12:28 AM

posted by:

AxeHead

Hey Johnnyslapshot …

That’s what makes America great – freedom to buy whatever you want at whatever price you can afford. Nobody’s hurting anybody here. If you’ve got the money, spend it any way you want.

01/21, 1:35 AM

posted by:

Elvio

s60….why don’t they just donate the money already….why put up the show?

01/21, 2:27 AM

posted by:

Veda

S-60-driver: Exactly. I’d rather be donating 200K to a non-profitable organization than to spend it on a car regardless whether it’s Italian or British.

01/21, 4:49 AM

posted by:

WEKS

Talk about paying premium, even for a #1.

01/21, 8:42 AM

posted by:

frylock350

CA36GTP,

A 5-speed is perfectly adequate for performance. The sixth gear is an economy gear. So technically it isn’t needed.

01/21, 9:15 AM

posted by:

stang67

The money goes to children’s charities but I am not sure if it is a tax deduction, but it should be the approximate retail value minus what they paid for the car at auction.

01/21, 9:19 AM

posted by:

1c3d0g

S-60-driver: well f*cking said. It’s for a good cause, dorks! :evil:

Axehead: agreed. I guess some losers here are just bitchin’ ’cause they can’t afford either car at their regular price! :lol:

01/21, 9:44 AM

posted by:

Get Real

Money to burn…..some people have it.

Money to burn…..some people are foolish.

This is a case of someone having both.

01/21, 10:13 AM

posted by:

crash1433

The funny part about the vette is he had the car won at $900k and bumped his own bid to 1 million. Just goes to show that its only money to some people. What the article forgets to mention in the 10% buyers premium on all cars from the auction. So in the end he paid 1.1 million.

Not that it really makes a difference but he also gets to tour the corvette build facility, be the first one to start the car and he can take delivery of it at jay leno’s car facility if he wants

Also, the amount paid over the MSRP of the car is the amount that is tax deductible.

01/21, 10:20 AM

posted by:

crash1433

I find it kind of funny that LLN left out that the first GT500KR sold for $550000. Once again positive ford news is left out.

01/21, 1:19 PM

posted by:

SwerveEarly

Great for charity, which by the way U.S. gives away 2-3 times more per capita then Euros, so were fat but we share.

Way to publicsize your charitable donation. Dont break your arm patting yourself on the back.

01/21, 4:10 PM

posted by:

CA36GTP

Frylock: Unless Chrysler is building a new final-drive axle for the Challenger’s automatic (which most car companies avoid doing as much as possible), it will be geared like a friggin commuter car.

01/21, 5:55 PM

posted by:

S-60-driver

thank you!

01/22, 11:31 AM

posted by:

jonnycat

My boss was the 2nd last bidder on the GT500KR. He quit at 525,000, he went in only planning on spending $300K for it. Helluva nice Shelby though.

01/22, 2:21 PM

posted by:

Gary

I agree with S-60 and Axehead as well!

02/01, 1:36 PM

posted by:

jackjimturkey

Elvio: I think that was the idea

02/14, 3:28 PM

posted by:

its a jeep thing

“Both cars were auctioned at Barrett-Jackson this weekend, with funds going to the notMYkid and United Way charitable organizations, respectively.”

how do some of you not see this as a win-win situation? kids in need get help and guys with lots of money get bad a–, fast as s—, #1 cars and get to help kids in need.

maybe it’s just me, but I don’t see a negative side to this.

 
 
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