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"I admire and enjoy this car, but it's a luxury that I'm willing to relinquish at this point," McConaughey says of the Mediterranean blue vehicle. "I am fortunate enough to have everything I need, and the sale of it will help so many with the necessities in life."
Of the Corvette, which he calls Mako, the 36-year-old actor says, "It's got muscle and it's built for driving."
McConaughey, a Texas-native and PEOPLE's Sexiest Man Alive, says he's driven it to Mexico and across his home state many times.
Bidding on the convertible began Monday and will continue until July 27. All the proceeds of the sale will be donated to Oprah’s Angel Network. Those interested in following the bidding can do so at www.ebay.com/matthewscar.
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