2020 Mustang Shelby GT500 Auctioned for Charity

March 26th, 2019 by

2020 Ford Mustang Shelby GT500 Auction Raises Money for Juvenile Diabetes Research

The first 2020 Mustang Shelby GT500 produced was auctioned off for $1.1 million dollars at the 48th Annual Barrett-Jackson Scottsdale Auction to help researchers find a cure for type 1 diabetes.

Craig Jackson, chairman and CEO of Barrett-Jackson was the winner.

When we say it was the first model off the production line, we mean it. Sold under lot number 3008 for the event with a VIN number of 001. This was the first Mustang Shelby GT500 model produced for the anticipated limited-edition release.

At the event, Edsel B. Ford II and Aaron Shelby, grandson of Carroll Shelby, raised anticipation surrounding the unveiling of the coupe before 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.”

The vehicle was sold under “no reserve,” or simply the top price is tendered at the Barrett-Jackson auction.

“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.”

The 2020 Mustang Shelby GT500 has been highly anticipated, and for good reason.

Front end closeup of a blue 2020 Ford Mustang Shelby GT500 with white racing stripes on the hood and chrome Shelby Cobra ornament on the grille displayed at the North American International Auto Show

Creating the New Mustang Shelby GT500

To create something this amazing, and to raise a substantial amount for charity doesn’t simply happen by chance.

The 2020 Mustang Shelby GT500 takes inspiration from Ford’s collaboration with Carroll Shelby that resulted in the 1962 Cobra Roadster.

This partnership lead to many successes, including winning the Le Mans sports car race in 1966 with the Ford GT-40.

Red 1962 Ford Cobra Roadster with the hood open at a classic car show

The small block Shelby GT350 was born in 1967 when Shelby was asked to turn the Mustang into a sports car that would defeat the competition on the road and the track. This led to the inevitable big block-powered Shelby GT500.

When the Shelby GT500 was unveiled, it became an instant fan favorite.

In 2006, Ford and Shelby announced a new generation for the street-legal coupe.

The first 2007 Ford Shelby GT500 was also sold in the Barrett-Jackson Auction in Scottsdale with Edsel B. Ford II and Carroll Shelby watching from the auction block.

Promising more than 700hp, the all-new model is the most powerful factory-produced Ford Mustang in the history of Ford vehicles.

The final horsepower has not been confirmed but is expected to be announced by the summer.

It would only make sense for it to offer more power than its adversaries, and it seems this will be the case.

We also know that the anticipated model will boast a strut-tower brace made of magnesium latticework, 20-inch wheels, six-piston Brembo calipers, and two-piece iron and aluminum brake rotors.

Waiting since 2013 for this version, the anticipated debut can’t come fast enough later this year.

The 2020 Ford Mustang Shelby GT500 will be made in limited quantities, so if it’s on your must-have list, we suggest moving quickly once they make their way out of Detroit.