Rick Hendrick, a man whose name is synonymous with automotive racing, owns Hendrick Motorsports, an American professional car racing organization founded in 1984. He has built a dynasty in NASCAR, with over 250 wins and 14 Cup Series championships to his team’s name. But beyond the track, Hendrick’s passion for cars is matched by his commitment to philanthropy—a value that took center stage at the 2025 Barrett-Jackson Scottsdale Auction when he secured a historic vehicle with an even greater purpose.
2025 Corvette ZR1
The highlight of the auction was the first retail production of the 2025 Chevrolet Corvette ZR1, VIN 001—a car that represents the pinnacle of American automotive engineering. With an astonishing 1,064 horsepower, the ZR1 is the fastest and most powerful production Corvette ever built. When the car hit the auction block, the energy in the room was electrifying. Collectors and enthusiasts recognized the significance of owning the first model off the production line, but for Hendrick, the moment meant so much more.
After an intense bidding war, Hendrick claimed the car for $3.7 million, setting a new record for a first-production Corvette at auction. However, this purchase was about far more than exclusivity or personal collection—100% of the proceeds went directly to the American Red Cross to support disaster relief efforts, aiding communities affected by hurricanes, wildfires, and other crises across the U.S.
After the auction, Hendrick stated, “I’ve been blessed with success, but I’ve always believed that it’s important to give back.”. “The Corvette ZR1 is a testament to the great work of American engineers, and it’s an honor to own such a piece of history. But what makes it even more special is knowing that this car will help people who are facing some of the hardest moments of their lives.”
This is not a first for Hendrick. He has turned his love for cars into an opportunity for philanthropy. In 2022, he was the winning bidder at Barrett Auction when he purchased the first retail 2023 Corvette Z06 70th Anniversary Edition for $3.6 million. At that time, the funds benefited the charity Operation Homefront. Hendrick now owns the two most expensive first-production Corvettes ever sold, setting records on and off the racetrack.
And if you are interested in the new Corvette ZR1, prices start at $175,000 and go up to $196,000 depending on options and trim!