That's the price of owning a mid-engine VIN 001 Corvette.

[UPDATE, January 18] Live images from the auction have been added, as well as the name of the winning bidder.

The folks over at Scottsdale, Arizona aren't strangers to extraordinary cars. With the Barrett-Jackson auction happening there, the state has seen a lot of firsts – such as the first production Toyota Supra and the Ford Mustang Shelby GT500, selling for $2.1 million and $1.1 million, respectively.

Today, from lot number 3007, the first mid-engine Chevrolet Corvette Stingray joins the million-dollar club as the first production C8 sold for a whopping $3-million at the Barrett-Jackson auction.

Gallery: 2020 Chevrolet Corvette Stingray VIN 001 Sold For $3M

Just like the first Supra and Mustang Shelby GT500, the proceeds from selling the VIN 001 'Vette will go to charity, particularly to the Detroit Children’s Fund – a non-profit organization that makes targeted investments to grow the number of quality schools in Detroit. 

So what comes with the first production 2020 Corvette coupe? Aside from bragging rights, the owner will get the first mid-engine Corvette in 3LT trim loaded with all available options. It will also come with a black exterior, black seats with red trim, red seatbelts, GT2 seats, removable roof panel, and rear spoiler. It will also come with a performance data recorder and Z51 performance package.

With that amount of money, the winning bidder also has the option of taking delivery of his mid-engine coupe at the Corvette plant in Bowling Green, Kentucky. It will also come with a hosted tour at the Corvette Museum, a Letter of Authenticity, and a unique artwork.

According to General Motors' press release, Rick Hendrick placed the winning bid before the hammer fell. He's the founder and CEO of Hendrick Companies.

"I am the number one Corvette junkie in the world,” said Hendrick. "Thanks to Chevrolet and Barrett-Jackson, because they always pick charities that are so good and help so many people."

Source: Barrett-Jackson, General Motors