The very first 2020 Ford Shelby Mustang GT500 just sold at auction for $1.1 million.
What would you pay for the privilege of being the first to own a piece of automotive history? The most powerful Mustang ever made just sold at the Barrett-Jackson auction in Scottsdale, Arizona for an astounding $1.1 million last Friday. The final bidder was none other than the CEO of Barrett-Jackson, Craig Jackson himself.
All proceeds of the sale will go to the Juvenile Diabetes Research Foundation, a leading organization researching juvenile diabetes in the hopes to someday find a cure.
“The chance to become the owner of the first 2020 Ford Shelby GT500 cars is an opportunity of a lifetime,” said Ford’s president of global operations Joe Hinrichs. “More importantly, being involved in helping to raise much-needed funds and awareness for JDRF is a big win for everyone.”
What a moment! VIN 001 of the new 2020 @Ford Mustang Shelby GT500 – the most powerful street-legal production Ford ever – just sold for $1.1 MILLION, with the entire sale price benefiting @JDRF . pic.twitter.com/V0kNWcbCYI— Barrett-Jackson (@Barrett_Jackson) January 19, 2019
The $1.1 million sale price will be added to Ford’s annual $3.5 million contribution to the Juvenile Diabetes Research Foundation, bringing their lifetime donation to $70 million total.
Although the Mustang shown at the auction looks impressive in bright orange paint with red-painted calipers, the actual GT500 that Mr. Jackson purchased will be customized to his whims. We’re not sure what that will be, so maybe it’ll turn out to be orange-colored too.
The most powerful Mustang ever will have a 5.2-L supercharged V8 with either 700 hp or more than 700 hp--Ford hasn’t been too clear on the exact number in their press releases. Neither have they been concrete on the performance figures, instead giving us a 3-second-ish 0-60 time and a sub-11-second quarter-mile time.
Along with that incredible engine comes the first 7-speed dual-clutch transmission to ever grace a Mustang, as well as a return of the GT350's proven MagneRide magnetic dampers and Brembo brakes.
Not only did Ford sell the first 2020 GT500, but they also put up a 2019 Ford GT Heritage Edition which went for $2.5 million. That outsold Toyota’s new 2020 Supra VN 20201, which sold for $2.1 million. Proceeds of those sales went towards helping the United Way of Southeastern Michigan, as well as the American Heart Association and Bob Woodruff Foundation, respectively.