Saturday, January 21, 2006

First 2007 Ford Shelby GT500 Sells for $600K

Earlier today at the annual Barrett-Jackson collector car auction (results) in Scottsdale, the rights to the first production 2007 Ford Shelby GT500 Mustang were sold for $600,000. The proceeds will benefit the Carroll Shelby Children's Foundation, which helps children in need of cardiac care and organ/tissue transplants.

The scene in Scottsdale was dramatic as one of the red GT500 coupe prototypes was driven onto the auction block by none other than Edsel Ford. Riding shotgun was the man himself, Carroll Shelby, dressed head-to-toe in black. He's the automotive world's equivalent to Johnny Cash, and is every bit as legendary.

Both Carroll and Edsel addressed the crowd from the podium before the frenzied bidding kicked off. A few minutes and $600K later, one lucky person was guaranteed to have 2007 GT500 #001 built to his or her specifications.

The 2007 Shelby GT500 is powered by a 5.4L supercharged V8 that delivers an estimated 475 horsepower and 475 lb.-ft. of torque. Those are numbers that will let it easily live up to it's vaunted name and the heritage behind it.

The Barrett-Jackson auction is pure car porn, and Speed TV is carrying coverage until 12AM eastern tonight, plus more live coverage at 3PM eastern tomorrow. If you're reading this and are sick of the usual lousy Saturday TV programming the nets offer, head over to Speed TV and prepare to have your socks knocked off.

GT500 photos courtesy of the Ford Motor Company