Sold! First Available 2011 Chevrolet Camaro Convertible Sells for $205,000

General Motors has yet to fully unveil the 2011 Chevrolet Camaro convertible, but that didn't stop a committed buyer from shelling out $205,000 at the Barrett-Jackson Las Vegas auction to be the first person in the world to own one.

The winning bidder may become the first person to own a Camaro convertible, but they won't take delivery of the first production vehicle. That car will land in GM's private collection for historical (and promotional) purposes. What was auctioned Friday was the second car -- or in reality, the title to the second car, as it's yet to roll off the assembly line.

While GM hasn't released pricing for the Camaro convertible, it's sure to be far less than the six-figure pricetag attached to the second production car. Despite the rather hefty sum of cash the buyer shelled out, it's a relative bargain compared to the $350,000 paid in 2009 for the rights to the first-available Camaro coupe. The proceeds from this auction benefited the YMCA of Southern Nevada, so the buyer receives a significant tax write-off in addition to some new wheels.

We hope the buyer is satisfied with their purchase once the production car is revealed -- judging by spy photos we've seen of the drop-top muscle machine, the car looks virtually identical to the 2007 concept. We'll find out just how closely the production car resembles the concept later this fall when GM officially takes the wraps off the car later this fall.

Source: GM

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