First 2020 Mustang Shelby GT500 auctioned for $1.1 million

First 2020 Mustang Shelby GT500 auctioned for $1.1 million

The very first model of the most powerful factory Mustang ever was auctioned for $1.1 million as it goes for the famed muscle car’s biggest win ever - trying to help researchers cure children with type 1 diabetes. Craig Jackson, chairman and CEO of Barrett-Jackson, was the winning bidder.

This highly anticipated, 700-plus-horsepower 2020 Shelby GT500 - VIN 001 - was auctioned at the Barrett-Jackson Collector Car Auction in Scottsdale with all proceeds going to help JDRF, the leading global organization funding type 1 diabetes research, find a cure.

The 2020 Mustang Shelby GT500 draws on Carroll Shelby and Ford’s many performance collaborations that began with the Cobra roadster in 1962, which went on to win a world championship. Working together, they also broke the European stranglehold on Le Mans, winning the most important sports car race in the world with the Ford GT-40.

When Ford asked Shelby to turn their new Mustang into a race winner for the 1965 model year, the small block Ford Shelby GT350 was born. In 1967, the big block-powered Ford Shelby GT500 was unveiled and it became a star among fans worldwide.

In 2006, Ford and Shelby announced a new generation Ford Shelby GT500. The first 2007 model year car available to the public was sold at Barrett-Jackson in Scottsdale with Edsel B. Ford II and Carroll Shelby watching from the block.

The limited-production car will be available in the United States and Canada this fall.

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