First Production 2020 Ford Mustang Shelby GT500 Sells For $1.1 Million

Craig Jackson, chairman and CEO of Barrett-Jackson, became the owner of the first production Ford Shelby GT500 for a whopping $1.1 million.

As expected, the very first 2020 Mustang Shelby GT500 (VIN 001) was the star of the auction house’s first event of the year.

The really good news is all the proceeds will go towards research to find a cure for type 1 diabetes in children. The money will be donated to JDRF, the leading global organization funding type 1 diabetes research.

“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.

The 2020 Mustang Shelby GT500 is the latest in a long line of performance collaborations between Carroll Shelby and Ford. The limited-production muscle car will be available in the United States and Canada starting this fall with a supercharged 5.2-liter V8 producing more than 700 horsepower.

Hooked to a Tremec seven-speed dual-clutch transmission that sends power to the rear through a unique carbon fiber driveshaft, the eight-cylinder unit enables the all-new GT500 to do a 0-60 mph (0-96 km/h) in mid-three seconds and cover the quarter mile (400 m) in under 11 seconds.