The seven-figure transaction price for Ford’s new 760-hp Mustang is going to a very good cause
The premise of paying a seven-digit sum for a Mustang might seem ridiculous to some, but in the charity auction world, that’s not an unheard-of amount of money to score the very first (or final) example of a hot car. As promised, the first production 2020 Ford Mustang Shelby GT500 crossed the auction block and has become the latest “first” to gavel for huge money. How much? The GT500 with the VIN ending in 001 was snapped up by Barrett-Jackson’s own Craig Jackson for $1.1 million.
As a refresher, the 760-hp, supercharged 2020 GT500 is the most powerful Mustang ever made, and outside of a for-a-good-cause, heated auction environment, it’s set to retail for $70,300. Our just-released test data shows the mighty Mustang sprints from 0-60 mph in 3.6 seconds and scorching the quarter-mile in 11.3 seconds at 131.6 mph. Around the figure eight, the GT500 posted a 23.5-second lap. For a little context, a Ferrari 812 Superfast did the same lap in 23.3 seconds, meaning the Ford is within spitting distance of some very elite metal.
The first-off-the-line GT500 wears a special one-off paint job that pays homage to the “Green Hornet,” a 1968 Shelby GT500 prototype. Since Jackson posted the winning bid, Ford allowed him to pick whatever color he wanted for the car, and even be on site during its assembly in Flat Rock, Michigan. The car will make its public debut at the Barrett-Jackson Scottsdale auctions January 11-19 alongside a number of other notable Mustangs from Jackson’s collection, including “Little Red,” a rare early GT500 coupe prototype that was discovered in 2018.
The money from the GT500 oo1’s sale is going to support the Juvenile Diabetes Research Foundation. Some 200,000 Americans under the age of 20 suffer from Type 1 Diabetes, the condition that the JDRF strives to fight. If you want more information on the JDRF and what they do, check out their site here. Oh, and this isn’t the first Mustang Barrett-Jackson has auctioned off for a good cause. Since 2007, the auction house has sold 20 Ford vehicles and helped raise more than $6.5 million for JDRF. If you ask us, there are few better reasons to plunk down more than a million bucks for a muscle car.