Just a week after it was first revealed, the very first 2020 Ford Mustang Shelby GT500 has sold. And though we still don’t know what the MSRP is going to be, it’s safe to say that this one traded hands for well above that figure. Because this one sold for a cool $1.1 million.

The very first GT500 went to auction over the weekend at Barrett-Jackson Scottsdale. The car was sold for charity, with the proceeds going to the Juvenile Diabetes Research Foundation, a group that funds research into type 1 diabetes.

The winning bidder was Craig Jackson, yes, the guy with his name on the tent. The CEO of Barrett-Jackson. The car was rolled on stage by Edsel Ford II and Aaron Shelby, Carroll’s grandson. “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.”

Ford has been supporting JDRF for 35 years, the company said.

The car on stage isn’t VIN 001. That means that when real production starts, Jackson will be able to pick his 700+ hp Mustang’s color and options. Though that orange with black is a pretty sweet color scheme.

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