First 2020 Ford Mustang Shelby GT500 Will Be Auctioned Off Next Month

The first 2020 Toyota Supra won’t be the only desirable vehicle up for grabs at the Barrett-Jackson Collector Car Auction in Scottsdale, Arizona as Ford has announced plans to use the event to sell the first 2020 Mustang Shelby GT500.

Sporting VIN 001, the car will be auctioned off on January 18th which is just four days after the model is officially unveiled at the North American International Auto Show. Since the car hasn’t been introduced yet, Ford is keeping details under wraps. However, the automaker confirmed the GT500 won’t have a reserve and the winning bidder will be able to “choose from all available colors and options.”

The Shelby GT500 will be a limited production model that will go on sale in the United States next fall. There’s no word on pricing, but the first production model will likely sell for well over a $100,000 (£79,560 / €88,509). The final auction price remains to be seen, but the first 2019 Mustang Bullitt sold for $300,000 (£238,708 / €265,537).

Proceeds from the auction will benefit the Juvenile Diabetes Research Foundation which aims to find a cure for Type 1 diabetes. Ford has been supporting the organization for decades and has donated $60 (£47.7 / €53.1) million to the group in the past 35 years.

While Ford didn’t have much to say about the car, they have already teased its supercharged V8 engine that produces more than 700 hp (522 kW / 709 PS). The automaker has also confirmed the model will come equipped with “innovative track technologies, performance hardware, plus aggressive and functional track-tuned styling.”

Several purported images of the car surfaced online earlier this year and they suggest the model will have a unique front fascia with a revised grille and gloss black accents. We can also expect a ventilated hood, carbon fiber wheels and a prominent rear wing.