Paul Newman’s Corvette Race Car Nets $275,000 at Auction

Paul Newman’s Corvette Race Car Nets $275,000 at Auction

The late Paul Newman will be remembered by automotive enthusiasts worldwide, though perhaps in varying ways by different people.

Whether it was being a friend and rival to Steve McQueen, or racing the 24 Hours of Le Mans in Barbour’s Porsche 935, or being the oldest driver at age 70 to be part of a winning team in a major sanctioned race, Newman paved a rich heritage of motorsports throughout his life.

And now the same 700-hp, 346-cubic inch V8-powered 2002 Chevrolet Corvette that Newman won his last SCCA race at Lime Rock in has fetched $275,000 at the RM Auctions in Amelia Island. The Corvette was just recently rebuilt, re-bodied and repainted, and numbered 83 for Newman’s age prior to the auction. It was originally built by Riley & Scott for Tom Gloy’s 2002 Trans Am season.

Newman’s list of accolades ran long, including 55 mainstream acting awards, winning an Academy Award for best actor in 1986 and being well-known for his “Newman’s Own” food company which donates all post-tax profits and royalties to charity. As of July 2011, those donations had exceeded $300-million.

GALLERY: Paul Newman’s 2002 Chevrolet Corvette Race Car