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[UPDATED] First 2020 Shelby GT500 Sold For $1.1MM at Barrett-Jackson

Arthonon

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UPDATED: SOLD FOR $1.1MM!

FIRST 2020 MUSTANG SHELBY GT500 AUCTIONED FOR $1.1 MILLION TO HELP JUVENILE DIABETES RESEARCH FOUNDATION CURE KIDS WITH DIABETES

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SCOTTSDALE, Ariz., Jan. 18, 2019 – The very first model of the most powerful factory Mustang ever was auctioned tonight 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 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.”

Edsel B. Ford II and Aaron Shelby, grandson of the legendary Carroll Shelby, rekindled the performance magic of their two families and energized the auction arena by accompanying the all-new Shelby GT500 onto the block. The winning bidder of Lot No. 3008 – selling at “no reserve,” or simply the top price is tendered at the auction – became the owner of the coveted first production Ford Shelby GT500 and can choose from available colors and options for the model. Proceeds from the auctioned car are being donated to JDRF.

“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.”

World-beating pedigree
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 Motor Company 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.

I'm not sure if this is new info, so mods, feel free to remove if it's known.

From the article:
"The buyer of the first new Shelby GT500 will be able to choose from all of the available colors and options. However, deliveries won't begin until fall 2019."

First new Mustang Shelby GT500 to be sold by Barrett-Jackson

The opportunity to own the very first 2020 Ford Mustang Shelby GT500 will cross the auction block at the Barrett-Jackson Auction in Scottsdale, Arizona, on January 18, and all of the proceeds will benefit the Juvenile Diabetes Research Foundation's mission to find a cure for Type 1 diabetes. Edsel Ford II and Aaron Shelby will be on stage to hype up the crowd in an effort to push the sale price even higher to help the charity.

The buyer of the first new Shelby GT500 will be able to choose from all of the available colors and options. However, deliveries won't begin until fall 2019.

The transmission options are still up for debate. Some reports indicate only a dual-clutch gearbox with paddle shifters would be available. However, other speculation indicates the possible availability of a six-speed manual, too.

Ford also confirms that the GT500's braking system consists of two 3D-printed components – a first for the company. In addition, the model rides on an independent rear suspension for the first time on a Mustang Shelby GT500.

For the GT500, the current Mustang gains a much more aggressive look that includes a revised hood with a big extractor in the center. A larger opening in the grille and lower fascia should suck in plenty of air to feed the blower, too.

If you're looking to stock your garage with first-of-its-kind vehicles, this year's Barrett-Jackson auction seems like the place to be. In addition to the Mustang Shelby GT500, Toyota is selling the very first 2020 Supra there, too. Rather than letting buyers pick the specification like the Ford, the new Japanese coupe specifically comes in a matte gray exterior, matte black wheels, and red mirrors. The cabin features an exclusive carbon-fiber badge proclaiming the machine as the premiere of the latest Supra in the United States.


https://news.yahoo.com/first-mustang-shelby-gt500-sold-164143713.html
 

obspsd

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How much do you think it will go for?

I am guessing $1.2 million.
 

Hi-PO Stang

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Should be a fun day for sure. I will have to tune in to see the bidding action. Thanks to op for letting us know about the auction. Great to hear of an official indication of the GT500 being auctioned on Jan 18.
 

marks

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Not sure about the styling, much prefer a GT350
 

obspsd

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Not sure about the styling, much prefer a GT350
It will look much better when it is revealed and may look better then a GT350.

However, as of 2018 I think the GT350/GT350R cars are the best looking mustangs since 1970.
 
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obspsd

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Curious how people are so sure a GT350R looks better than a car that hasn't been released yet?
Good point. I think SVTSNAKE355 is basing that on the very blurry/bad angle leaked picture of the 2020 GT500.

The car will look a lot better when revealed. May not be as good looking as the GT350R, but then again, it may be better.
 

obspsd

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Haven't we seen photos of the GT500's ugly mug?
If you mean the front end of the 2020 GT500, then no. We have not seen a picture of the front end (straight on) Picture below is in camo and not straight on.

2020-ford-mustang-shelby-gt500-front-end-leaked-shows-massive-grille-125800_1.jpg
 

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rick81721

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And seriously, are aesthetics that important in a car like this? Doesn't function trump form? Does anyone think a new Porsche GT2 RS isn't butt ugly?? My dream car is one that (IMO) combines great performance with amazing good looks:

0j5a6937-edit.jpg
 

marks

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The only people that buy Lambos are those who can't drive. A car that has great performance and styling is the Porsche GT3.
 

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