Craig Jackson donates $1.1 million for first 2020 Shelby Mustang GT500

Craig Jackson donates $1.1 million for first 2020 Shelby Mustang GT500

Money goes to JDRF to fight juvenile diabetes

Editor’s note: The ClassicCars.com Journal will be covering all of the action during Arizona Auction Week in Scottsdale, Arizona. Check out our other coverage here.

Craig Jackson not only was the head of a collector-car auction company Friday, he became the winning bidder as Ford offered up the VIN 001 2020 Ford Shelby Mustang GT500 to benefit JDRF, the research foundation that fights juvenile diabetes.

Jackson left the auction block to offer up his bids from the front row of the bidder’s seating area. His winning bid was $1.1 million for the new Shelby GT500, which has the most powerful engine ever in a production Mustang, with more than 700 horsepower.

The JDRF is a favorite of Edsel Ford II, who was present at the auction in Scottsdale, Arizona. Also on hand was Aaron Shelby.

The amount bid for the first 2020 GT500 escalated quickly before the car was hammered sold at $1.1 million

“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,” Ford said.“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.”

“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.”

Carroll Shelby produced his first hot-rodded Mustangs for the 1965 model year, the GT350. In 1967, the even more powerful GT500 was launched.

In 2006, Ford and Shelby announced a new generation Shelby GT500 and the first one was sold at Barrett-Jackson’s Scottsdale auction with Aaron Shelby’s grandfather on the auction block.

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