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 |  Jan 22 2012, 1:00 PM

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The first ever 2013 Chevrolet Corvette 427 Convertible went for a hot $600,000 at the 2012 Barrett-Jackson auction. Sporting VIN #001, the convertible sports car was sold to Ron Pratte, a multi-millionaire who made his fortunes from wood framing and concrete foundations.

When the ‘Vette first hit the auction block, it caused a bidding frenzy quickly jumping up to over $200,000 when things started to die down. Then Jeff Gordon decided to make it more enticing by adding in his own racing suit and a VIP trip to the 2012 Daytona 500. The final $600,000 sale price wasn’t even the best part, as Eddie Vannoy added another $100,000 donation to the price of the car, which is going towards the AARP Drive for Hunger charity.

The Corvette 427 features an LS7 engine from the Z06 with 505-hp and 470 lb-ft of torque. It’s the most powerful engine ever placed into a Corvette convertible. It’s also outfitted with several carbon fiber pieces in order to save some pounds, with the convertible weighing in at 3,555-lbs. Its 0-60 mph time is a scant 3.8-seconds while it can clock the quarter mile in just 11.8-seconds.

GALLERY: Corvette 427 Convertible

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