If you can’t wait to get your hands on the 2020 Corvette C8, you might want to head to Scottsdale, Arizona as Barrett-Jackson will be auctioning off the first production model in January.

Wearing VIN 001, the first 2020 Corvette Stingray will be equipped with the Z51 performance package. It adds a front splitter, a rear spoiler and a performance exhaust system.

Besides the styling tweaks, the package adds an upgraded cooling system, a revised axle ratio and an electronic limited slip differential. Other highlights include a performance suspension, Michelin Pilot Sport 4S tires and upgraded braking system that features larger discs and Brembo four-piston monobloc calipers with Z51 logos.

Also Read: 2020 Corvette C8 Is America’s Mid-Engine Sports Car For The Masses

Thanks to the package’s performance exhaust system, the Corvette’s 6.2-liter V8 engine has an increased output of 495 hp (369 kW / 502 PS) and 470 lb-ft (636 Nm) of torque. The engine is connected to an eight-speed dual clutch transmission and it enables the car to accelerate from 0-60 mph (0-96 km/h) in less than three seconds.

Barrett-Jackson didn’t say what trim level the first production model will be, but even the base LT1 comes with eight-way power leather seats, a leather-wrapped steering wheel and a 10-speaker Bose audio system. Other highlights include keyless access, a push-button ignition and a 12-inch digital instrument cluster. Drivers will also find a removable roof panel, a dual-zone climate control system and an 8-inch infotainment system with Android Auto and Apple CarPlay.

The car is being auctioned to the support the Detroit Children’s Fund and “100 percent of the hammer price” will go to the charity which provides training, resources and supplies to underfunded public schools in Metro Detroit.

There’s no auction estimate, but there’s little doubt the first Corvette will sell for far more than its $59,995 base price.