Huge Donation: Ford GT Sells for $2.5 Million at Barrett-Jackson Auction in Arizona
The first big car auction weekend of the year had some incredible moments, but none could compare to how much the Ford GT fetched when it went under the hammer at the Barrett-Jackson auction in Scottsdale, Arizona. The first production GT to go up for auction sold for $2.5 million, an incredible amount for a supercar that costs under $500,000 on the market. All the proceeds from the auction will go to the Autism Society of North Carolina’s IGNITE program, an initiative that offers activities, skills training, and educational workshops for young adults with high-functioning autism or Asperger’s Syndrome.
2018 Ford F-22 F-150 Raptor
Ford Performance created a one-off F-150 Raptor styled after the Lockheed Martin F-22 Raptor fighter jet for a charity auction benefiting kids’ interest and participation in flying. Called the Gathering of Eagles, the annual event is hosted by the Experimental Aircraft Association. This year, the auction raised $300,000 thanks to Ford’s donation of the “F-22 Raptor.” The truck obviously takes its name and styling cues from America’s premier fighter, going so far as to incorporate the jet’s silhouette into its grille and side mirrors. But that just scratches the surface of what Ford did to this 2018 F-150 Raptor Crew Cab.
The Raptor boasts a Whipple intercooler and other performance upgrades on its high-output, 3.5-liter EcoBoost V-6, giving it an impressive 545 horsepower and 660 pound-feet of torque – a healthy improvement over its stock 450 horsepower and 510 pound-feet of twist. The bodywork received carbon fiber fender flairs, custom LED lighting, power-deploying running boards, an aggressive wheel and tire package, and that silver-over-black paint job. These, combined with other upgrades, helped the truck garner a $300,000 winning bid, beating out last year’s winning bid of $295,000 for a P-51D Mustang-themed 2017 Ford Shelby GT350 called Ole Yeller. Making the winning bid more special – it was from Gary Ackerman of Gaudin Ford in Las Vegas. Ackerman serves as Honorary Commander and Ambassador for the U.S. Air Force’s F-22 Squadron at Nellis Air Force Base in Nevada.
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The name of the American Cancer Society’s Cattle Baron’s Ball conjures images of pickup trucks, but perhaps a muscle car named after a horse and a Texan is also in-theme. Appropriate or not, Ford Motor Company donated a special 2016 Shelby GT350R Mustang to the event this year. The car was auctioned off to raise money for the American Cancer Society on September 26.
The Cattle Baron’s Ball is an annual event held in Detroit to benefit the American Cancer Society. It’s been a Motor City staple since 2003, and attracts a host of wealthy socialites and philanthropists for a night of live music, gourmet cooking and charity auctions with a Western theme. Ford is the main sponsor of the event this year, and Hau Thai-Tang, Ford’s VP of global purchasing, is the honorary chair. Since 1974, Ford and the Ford Motor Company Fund have contributed over $1.8 million to the American Cancer Society in Detroit, and the majority of the contributions came through the Cattle Baron’s Ball.
The next-generation Shelby Mustang is a street-legal race car, and Ford plans to build just 100 GT350s and 37 GT350R models for 2015, with a similarly small production run for 2016. It’s likely to go directly into a collector’s garage, but this 2016 Shelby GT350R sports some unique details that will inevitably set it apart when it resurfaces on the collector market some day.
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Auctions for charities is nothing new in the auto industry; it’s happened in the past and it will continue to happen. One car that has been auctioned off numerous times for charity purposes is the Ford Mustang. For good reason, too, since the iconic muscle car remains one of the most popular vehicles in the market. Examples abound of this happening in the past few years, including the first production 2015 Ford Mustang, which was auctioned off in January 2014 for the benefit of the Juvenile Diabetes Research Foundation. Another example is the Experimental Aircraft Association’s “Gathering of Eagles” event, which auctions off a special-edition Mustang every year with proceeds going to the organization’s Young Eagles program.
The latest example will take place at the Mecum Dallas Auctions when a one-off 2015 Ford Mustang GT goes under the hammer. The fully customized Mustang GT was built by Petty’s Garage and donated by Richard Petty Motorsports with the proceeds of the sale going to Paralyzed Veterans of America, an organization dedicated to “veterans service, medical research and civil rights for people with disabilities.”
As special-edition Mustangs go, the Petty’s Garage Mustang GT ranks right up there as one of the best. It has an attractive two-tone exterior finish, a dressed-up interior, and an impressive engine upgrade. In other words, that’s the aftermarket trifecta right there.
Based on the work put in by Petty’s Garage, I expect this one-off Mustang GT to attract a lot of bids. The fact that proceeds of the auction will go to a worthy charitable organization is even more reason for interested bidders to go high with their bids.
Updated 09/23/2015: Petty’s Garage Mustang GT raised a total of $535,000 for Paralyzed Veterans of America (PVA) non-profit organization. The car was originally sold for $330,000, then donated back and sold for an additional $205,000.
Continue reading to learn more about the Ford Mustang GT Petty’s Garage Edition.