While Ford’s most powerful production Mustang promises to deliver power towards the pavement, its first-ever unit demonstrates an even more productive show of force – by commanding a hefty sum towards charity.
Donating all proceeds to the Juvenile Diabetes Research Foundation (JDRF), the 2020 Shelby GT500 Mustang crosses the gavel at $1.1 million to help fund the cure for Type I Diabetes. Interestingly enough, the winning bidder of the auction at Barrett-Jackson Collector Car Auction in Scottsdale, Arizona was none other than Craig Jackson, the chairman and CEO of Barrett-Jackson.
“The chance to become the owner of the first 2020 Ford Shelby GT500 cars is an opportunity of a lifetime. More importantly, being involved in helping to raise much needed funds and awareness for JDRF is a big win for everyone," said Joe Hinrichs, Ford president, Global Operations.
To further bring significance to the first production model, Edsel B. Ford II and Aaron Shelby, grandson of the legendary Carroll Shelby, joined together to introduce the Mustang to the auction arena by accompanying the car to the block. The winning bidder of Lot No. 3008 – selling at “no reserve,” (whatever the top price is tendered at auction) – became the owner of the coveted first production Ford Shelby GT500. The new owner can then specify color and other various options to be fitted onto the GT500 before it is delivered. Following the sale, all proceeds then go to JRDF to further pursue finding a cure for diabetes.
“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. 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," said Edsel B. Ford II.