Watch PRICE IS RIGHT Contestant Win Most Valuable Prize Ever!

Watch PRICE IS RIGHT Contestant Win Most Valuable Prize Ever!

On yesterday's edition of CBS's THE PRICE IS RIGHT, the long-running game show gave away its most valuable prize ever -- a $157,300 sports supercar! Contestant Sheree Heil from Tacoma, Wash., won the auto after she chose the correct dollar amount in a game called "Gas Money". Her prize, the Audi R8 Spyder, comes with a V-8 engine and Audi's Quattro all-wheel drive.

Watch the record-breaking prize giveaway here!

THE PRICE IS RIGHT first aired in 1956 as a television game show hosted by Bill Cullen and was revamped in 1972. The current version was originally hosted by Bob Barker however since 2007, Drew Carey has hosted the program.

In the show, contestants compete to win cash and prizes by guessing the pricing of merchandise. The program has been critically successful and remains a stalwart in the television ratings. It also managed to break away from the quiz show format that has been used in other game shows. Since the current version premiered, it has also been adapted in several international formats around the world, most notably in the United Kingdom, Australia and Mexico.

In 2013, TV Guide ranked it #5 in its list of the 60 greatest game shows ever. The show airs on the CBS Network.