First Chevy Volt Auctioned Off for $225,000

Two weeks ago, GM took the first Chevy Volt destined for public purchase, and put it up for auction. The final auction tally, the proceeds of which go to charity, came to $225,000.

So I still think that the Volt is a bit overpriced at $41,000, and the initial bidding went up to $180,000 within the first day of this charity auction. That was an awful lot of money for the first Chevy Volt. But $225,000?  Very few vehicles with the Chevrolet bowtie are worth that kind of money, and most of them were made 40 or 50 years ago.  Cars like the 1969 Corvette Stingray ZL1 (just two ever built). This is actually the second Volt ever built, not the first, as GM likes to hold on to one-offs and first cars for the GM Heritage Collection. It’s the first car being sold to the public. It’s a nice tradition GM has if you ask me.

The proceeds from this auction are being invested right in GM’s backyard, the Detroit Public School System. The money will go towards improving education initiatives in Science, Technology, Engineering, and Mathematics (STEM). Interestingly enough, only eight people actually bid on this Volt. Will history prove it worth the price, or did this buyer just overpay?

On that note, would you rather own a 2-of-2 ‘Vette, or a one-of-(hopefully)-a-million Volt?

Source: Charity Buzz

Chris DeMorro is a writer and gearhead who loves all things automotive, from hybrids to Hemis. You can follow his slow descent into madness at Sublime Burnout.

Christopher DeMorro

A writer and gearhead who loves all things automotive, from hybrids to HEMIs, can be found wrenching or writing- or else, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.