Mar 18, 2013 10:36 AM EDT
Auction Set For First 2014 Corvette Stingray Convertible To Benefit Karmanos Cancer Institute (PHOTOS/ VIDEO)

The first ever 2014 Chevrolet Corvette Stingray Convertible will be auctioned off by Barrett-Jackson in Palm Beach, F.L. to support cancer research and treatment according to a company press release. The auction is set to take place on April 5.

Click here for more information and pictures of the Corvette convertible.

"The commitment of GM and the GM Foundation to further the Karmanos Cancer Institute's innovative cancer research and exceptional patient care is nothing short of magnificent," said Gerold Bepler , M.D., Ph.D., president and CEO of Karmanos according to the company press release.

Chevrolet decided to donate the "coveted "sports car as part of General Motors' support for the Barbara Ann Karmanos Cancer Institute and their 31st annual dinner. All of the sale proceeds will benefit the Cancer Institute, which is one of the only 41 National Cancer Institute/comprehensive cancer centers in the U.S. according to the press release.

"When we asked ourselves how best to assist the Karmanos Cancer Institute in its valiant fight against this horrible disease, the first Corvette Stingray Convertible off the line for sale was an obvious choice," said Mark Reuss , president, GM North America in the company press release. "It's the best we have to offer, and it should prove to be an immensely desirable and highly collectible car."

Click here for more information on the auction.

Tickets for the Annual Dinner are $750 per person for benefactor level, which includes priority seating and recognition in the program book. Patron level tickets are $525 per person and includes recognition in the program book.

"From the company's top leadership to its employees and partners, GM's investment to improve life for those in our community and significantly impact our global fight to end this disease is truly outstanding," said Bepler according to GM. "We are extremely grateful to GM and the GM Foundation, and our many sponsors and supporters who continue to imagine and help us work toward a world without cancer."

The Karmanos Cancer Institute's 31st Annual Dinner is Saturday, April 20, at the General Motors' Detroit-Hamtramck Assembly Center in Detroit. Reuss and his wife Kim are chairing this year's gala.

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