As of late, major manufacturers and minor aftermarket companies alike have been taking their cars, prior to production, to large auction companies like Barrett-Jackson. It seems there is a major market out there for people who want to be the first to buy and own certain vehicles. GM did it with the second 2010 Camaro (the first going to their Heritage Collection) and they did it again with the second 2011 Camaro convertible.

AutoBlog reports that this second-production Camaro convertible sold for a whopping $205,000. Nobody ever said being first was cheap.

Last week we told you that, over the weekend, GM was auctioning off the second spot for the upcoming Camaro convertible. The Camaro has been on sale for over a year now, and the only option for many people was to either shell out a ton of money for a custom drop-top job, or wait for GM to get their butts in gear and start producing a Camaro convertible. GM decided to auction off the spot for the second production Camaro convertible, and the winner will be allowed to choose the trim, color, and options package.

When the gavel fell, bidding had reached $205,000. Considering that a topped-out, all-options Camaro 2SS with the RS package runs around $47,000, we estimate that a similarly-equipped 2SS convertible would be priced around $50,000, with the V6 convertible probably coming in at just under $30,000 (depending on options). That means the winner bidder probably paid four-times the actual worth of the car. Worth it? You decide.