First 2011 Chevrolet Volt Fetches $225,000 at Auction

How much does the privilege of owning one of the first 2011 Chevrolet Volts cost? Somewhere in the neighborhood of $225,000, it seems, since the auction for the first publicly available Volts closed at that figure late last night.

General Motors seems to have made a habit of auctioning off the first examples of its hot-ticket models for charity. The automaker has done this with the Corvette ZR1, Camaro, and Camaro convertible, and the Volt appears to be no exception. All proceeds from this auction -- hosted online, in lieu of the traditional car auction venues -- benefit the Detroit Public Schools Foundation.

Interested parties had roughly two weeks to outbid another for one of the earliest production Volts available. Although this car isn't the first consumer model to roll off the assembly line (GM's keeping the first for its own archives), it is the second. Unsurprisingly, this historic example is loaded to the gills with the premium trim package (which includes heated leather seats and interior door panel graphics), a rear-view camera, polished 17-inch wheels, and the unique Viridian Joule metallic paint color. Also included in the auction is a 240-volt charger, along with the cost of installing the device within the owner's garage.

Although the closing bid was nowhere close to the $1 million sum ponied up for the first ZR1, the Volt's price tag did manage to eclipse the price paid for the first Camaro Convertible off the line. This may be a showing of the Volt's following, but there's an extra perk for the buyer in bidding high. Any difference between the closing bid and the car's MSRP -- roughly $178,000 -- can be written off as a tax deduction.

Source: GM

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