A prototype GT500 was brought to the event, but Jackson will be able to order on in whatever configuration
and color he likes. (Barrett-Jackson)
Posted on 01/22/2019 7:48:15 AM PST by ETL
The rights to the first 2020 Mustang Shelby GT500 were sold at the Barrett-Jackson auction in Scottsdale, Ariz., on Saturday night for $1.1 million, but it wasn’t all about the car.
The build slot was being auctioned by Ford to raise funds for the Juvenile Diabetes Research Foundation, and all of the proceeds from the sale were earmarked for the organization.
Barrett-Jackson owner Craig Jackson, an avid Mustang collector who owns several historic GT500s, placed the winning bid himself. It was the second highest price ever paid for a Mustang at auction, and exactly half of the $2.2 million that an experimental 1967 Shelby GT500 Super Snake sold for the previous weekend.
The new GT500 was unveiled at the Detroit Auto Show earlier in the week and features a 5.2-liter V8 with over 700 hp. Ford promises it will be able to cover a quarter-mile in under 11 seconds, making it one of the quickest cars in the world.
The winning bidder was Craig Jackson, Chairman and CEO of Barrett-Jackson. The car auction-honcho won the bid in his own yard at the Barrett-Jackson Collector Car Auction in Scottsdale, Arizona – talk about homecourt advantage. As the winner, Jackson can choose from available colors and options for the coveted first production-spec Shelby GT500.
“The chance to become the owner of the first 2020 Ford Shelby GT500 cars is an opportunity of a lifetime,” said Joe Hinrichs, Ford president, global operations. “More importantly, being involved in helping to raise much-needed funds and awareness for JDRF is a big win for everyone.”
(Excerpt) Read more at foxnews.com ...
It was gone in sixty seconds.
For car collectors, getting the first production model of a newly-launched hot car should be the best feeling in the world. However, if you plan to get the VIN 001 of the recently-launched 2020 Ford Mustang Shelby GT500, we hate to break the news to you but that wouldn't be possible anymore.
Apparently, the first production Mustang Shelby GT500 has been sold at an auction for $1.1-million. Even better, it was for a good cause as all the proceeds will go to JDRF – the leading global organization that funds type 1 diabetes research in an effort to find the cure, which is also one of the charity organizations supported by Ford.
Edsel B. Ford II and Aaron Shelby, grandson of the legendary Carroll Shelby, escorted the 700-plus-horsepower Mustang Shelby GT500 onto the auction block. The VIN 001 was sold at “no reserve” which means that the top price is tendered at the auction.
“For 35 years, Ford Motor Company has fueled the efforts of JDRF researchers to find a cure, while helping millions of children enjoy better lives,” said Edsel B. Ford II. “The proceeds from this car will add to the more than $3.5 million Ford contributes to JDRF annually, for a total of $70 million donated during our long-time partnership.”
https://www.motor1.com/news/301704/mustang-shelby-gt500-auction/
Lots of info here...
2020 Ford Mustang Shelby GT500:
https://www.topspeed.com/cars/ford/2020-ford-mustang-shelby-gt500-ar174065.html
A legendary Ford Mustang sold for a historic price at the Mecum Auctions event in Kissimmee, Fla., on Friday night when the bidding ended at $2,200,000.
That made it the most expensive Mustang ever sold at auction, and with good reason.
The Shelby Mustang 1967 GT500 Super Snake was a one of a kind prototype that Carroll Shelby had built for a tire test conducted by Goodyear.
He swapped out the GT500’s already potent 428 cubic-inch V8 for one of the 427 cubic-inch racing V8s from Ford’s Le Mans-winning GT40 and updated the rest of the powertrain and suspension to match.
The result was a Mustang coupe that could hit 170 mph and averaged 142 mph over 500 miles at a high-speed track in Texas where it was running on a set of Goodyear’s new whitewall Thunderbolt economy tires.
The initial plan was to build 50 of the cars for sale, but at an estimated double the price of a standard GT500 there weren’t enough takers and the sole prototype was sold for just $5,000.
(Excerpt) Read more at foxnews.com ...
Read more at foxnews.com ...
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I caught some of the auction. A restored Jeep featuring red, white and blue paint scheme was sold to raise money for the Gary Sinise Foundation. Someone bought it for $200 K but the winner immediately donated it so it was auctioned for a 2nd time for $100 K.
As a side note, I saw a 10 year old gorgeous Maserati sold for $25 K. If I know I could buy such a car for the price of a new Camry I might have flew there myself and drove it cross-country home.
A little bit outta my price ‘range’..................
I find it interesting that with all the concern about CLIMATE CHANGE, that the wealthy all want 1000hp Cars that go 300mph.
Sell a few things on E-Bay and Craigslist. How good are you are harvesting organs?
Sound like a widow maker for a non-expert driver.
Reminds me of the “Red Mist” car.
At least its a true sports car, with braking and handling to match the horsepower. The Dodge Hellcats, with similar horsepower, are far more dangerous. The Mustang is about $130k, almost double the price of Hellcats, but it shows.
Yeah...the wife said I didn’t need it but, I figure, what the heck...you only live once.
I’ve picked cotton, so harvesting organs should be a breeze..............
A few days ago, I delivered a mis directed letter to my neighbor. In the garage was a shiny new Cadillac Escalade. On the other side was a large car covered with a car cover.
I should have asked him what it was. Still wondering.
Not in the market for a Mustang right now, but I’ve admired them ever since they started the retro styling, and I’ve liked the latest iteration.
However, will all new Mustangs have the “Transformers” looking front end of the prototype in the pic? If so, no sale for me.
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