2014 Chevrolet Corvette Stingray Convertible - front three-quarter view

Barrett-Jackson auctioned off the first production 2014 Chevrolet Corvette Stingray Convertible in Palm Beach this evening, with the open-top two-seater commanding a huge winning bid of $1,000,000 from Rick Hendrick, owner of NASCAR team Hendrick Motorsports.

While the Geneva Motor Show C7 prototype is pictured above (it also was shown at Barrett-Jackson), Hendrick won rights to the first retail production model (VIN undetermined at this time), allowing him to choose both color and options before his V8 sports car rolls off the assembly line in the near future. Hopefully, by the time that happens, we will all know more about its soft convertible top, double-bubble tonneau and the mechanism that opens and lowers the fully automatic roof at speeds upwards of 30 mph.

It is worth mentioning that proceeds from the sale of this first C7 droptop will benefit the Barbara Ann Karmanos Cancer institute, one of 40 National Cancer Institute-designated comprehensive cancer centers in the United States that strives to prevent, detect and eradicate all forms of cancer. The General Motors Foundation is a longtime supporter of Karmanos, with nearly $6 million in support over the last 15 years.