The all-new 2014 Chevrolet Corvette Stingray C7 was  auctioned at Barrett-Jackson for $1,100,000. The lucky winning bidder will get a car with a VIN ending in #0001.

The 2014 Corvette Stingray is the most powerful standard model ever. It is powered by a 6.2 liter LT1 V8 engine featuring Active Fuel Management, CVVT (Continuously Variable Valve Timing) and an Advanced Combustion System. The result is 450HP (335 kW) and 610Nm (450 lb-ft) of torque. 0-100 km/h in under 4 seconds and a top speed of 250 km/h (155 mph) – electronically limited.

The sports car is also expected to be the most fuel efficient Corvette, exceeding EPA-estimated 26 mpg of the current model.