The raffle winner of a new 2017 Corvette Stingray Coupe will be selected and announced Saturday.

The Columbus Indiana Philharmonic will select the winner from its first car-raffle fundraiser at 11 a.m. at Chevrolet of Columbus, 2825 Merchant Mile.

The vehicle is valued at more than $55,000, and its taxes already will be paid, according to the orchestra. Proceeds will support youth music education programs, which have been a priority with the orchestra for years.

The orchestra sold 694 tickets at $150 each.

The drawing also will be streamed live on the Columbus Indiana Philharmonic Facebook page so out-of-state entrants can watch.

Mark Pillar, the orchestra’s development director, said the fundraising idea surfaced as a way for the orchestra to expand its reach, especially since it sold tickets far beyond Columbus.

This event is free and open to the public. Drinks and snacks will be provided.

Information: 812-376-2638 or thecip.org.

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Brian Blair is a reporter for The Republic. He can be reached at bblair@therepublic.com or 812-379-5672.