Barrett-Jackson Collects over $130M, Auctioned First 2016 Ford Shelby GT350R Mustang for $1 Million

In the US, the charity week created a great hype, as various collector cars were auctioned for fund raising. The 2016 Ford Mustang Shelby GT3550R first production car was sold for $1 million by Barrett-Jackson during the auction held at Scottsdale, Arizona the proceeds of which will go to Juvenile Diabetes Research Foundation (JDRF).

First 2016 Ford Shelby GT350R Mustang for $1 Million

The auction house consigned 1,611 cars to their new owners, fetching back a total sum exceeding $130 million, which is a historical mark for Barrett-Jackson. Other significant first production cars sold at auction were the Cadillac CTS-V ($170,000) and the Chevrolet Corvette Z06 convertible ($800,000).

The circumstances also favored Automobilia sales who broke their own record by selling more than 2,000 items for more than $6.55 million. There were multiple hot-shots that kept the bidding go on, including car collections of Ron Pratte.

The highest bid was $5.1 million for a 1966 Shelby Cobra 427 Super Snake. Ron donated General Motor’s famous 1950 Futurliner Parade of Progress Tour Bus that remarkably reaped $4 million, while a Pontiac Bonneville Special Motorama Concept was sold for $3.3 million. Among other significant fundraisers was a BMW M5 ‘30 Jahre’ edition which mounted an astonishing $800K, which will be passed on to BMW Car Club of America Foundation and Tire Rack Street Survival program.

A lump sum $8,735,000 were collected from the biddings, which will be donated to different charities.

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