Wear a toupee? You might want to leave it at home.

Sealy, Texas-based Hennessey Performance has introduced an open-top version of its 1200 hp Venom GT for the low, low price of just $1.1 million. Yes, $1.1 million. And yes, 1200 hp.

Built on a chassis developed in conjunction with Lotus, the Venom GT Spyder is powered by a twin-turbocharged version of the 6.2-liter V8 from the Chevrolet Corvette. Weighing in at just over 2,600 pounds, it can accelerate to 60 mph in 2.5 seconds, and 200 mph in a scant 15.9 sec.

A top speed run has not yet been attempted, but Hennessey estimates that the Venom is capable of hitting 275 mph. That’s seven mph faster than the world-record holding $3 million Bugatti Veyron Super Sport, which also has 1200 hp.

Since it went on sale last year, Hennessey has sold six of the $950,000 Venom GTs and currently has orders for two of the five Spyders it will build for the 2013 model year.

Read: Denmark's $1.8 Million Supercar

And if you really want to keep the hairpiece in place, don’t worry, the Spyder comes with a removable roof panel, which we calculate is worth $150,000, but is probably even more valuable if you leave it off.

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