Steven Tyler drops $1.1 million on world's fastest car

(CBS News) Steven Tyler dropped over a million dollars on the world's fastest street-legal car - the Hennessey Venom GT Spyder.

Pictures: Steven Tyler
Pictures: The TV judges

The rocker and "American Idol" judge snatched up one of only five 2013 models and dropped a reported $1.1 million on his new ride.

"Steven came to us last year and asked if we could build his Venom GT as a roadster," John Hennessey told Yahoo Auto.

Tyler's is the only convertible of the group and is able to accelerate to 200 mph in 15.9 seconds, beating Bugatti's Veyron by 8 mph, reports Yahoo.

Tyler just wrapped up the 11h season of "American Idol" and is now scheduled to hit the road with Aerosmith for its  summer "Global Warming Tour."