Source: The IndyChannelSCOTTSDALE, Ariz. -- The first brand-new Chevy Camaro SS Pace Car for the 2011 Indianapolis 500 sold for $225,000 on Saturday night at the Barrett-Jackson Collector Car Auction.
The new pace car was unveiled at the big collector car event in Arizona on Thursday. The winning bidder will get the new car, along with a chance to drive it during the parade laps leading up to the green flag on race day.
2-time Indy 500 champion Arie Luyendyk was on hand for the sale, along with IMS CEO Jeff Belskus.
Proceeds from the sale benefit the David Foster Foundation. That organziation was started by music producer David Foster. The 15-time Grammy winner supports and advocates organ donation. Foster was also in Arizona for the sale.
Only 500 replicas of the Chevy Camaro SS Pace Car will be made. 50 go to the Indy 500 Festival Committee board members, and other dignitaries. The rest will be made available to Chevy dealers across the country.
The car will be the 7th Camaro to pace the 500 field. The car's white and orange paint scheme is a tribute to the Camaro's of the late 1960's.
The 100th Anniversary running of the Indianapolis 500 is set for May 29.