Filed under: Coupes, Sports/GTs, Auction Action, Ford, Shelby
Barrett-Jackson 2008: First 2008 Shelby GT500 KR sells for $550,000
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[We originally listed a final selling price of $605,000, accounting the 10% auction fees. Since this auction was for charity, there were no additional fees and the final selling price is actually $550,000]
What does it cost to be the King of the Road? Apparently $550,000. That's how much Ron Pratte, who seems to be buying just about every Shelby at Barrett-Jackson, paid for the right to own the very first 2008 Shelby GT500 KR Glass Roof. That will only last for a while, though, since at least 999 more KR's will be built and are currently being assembled at the Shelby plant in Las Vegas. Numero uno features a black-on-black paint scheme that looks stunning in person, as well as a glass roof option that won't be available for the rest of production. As usual, Carroll Shelby was on hand to send the car off, reminding buyers why they are paying this much money for a Mustang. All the proceeds from the sale went to the Juvenile Diabetes Research Foundation, so it's all for a good cause.
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Reader Comments (Page 1 of 1)
WarHawk 9:49PM (1/19/2008)
If I went to bid against this guy, I would so pay someone to knock him out so I could buy the dang car I want rather then him just throw his money around not caring to think of sharing the cars for some other people.
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Luis_is_Cold 9:55PM (1/19/2008)
600k for a mustang... sigh
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paul34 10:20PM (1/19/2008)
Haha, exactly what I was going to post. A well-built special edition of the Stang may be worth spending a *little* money for but $605k... all I have to say to that is "lol"
Bert 10:04PM (1/19/2008)
>scam
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Micah 10:06PM (1/19/2008)
The headline's incorrect -- it actually sold for $550,000 -- the buyer PAID $605,000 for it. There's a distinction between the two.
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In2uition 10:47PM (1/19/2008)
Technically....it sold to the buyer for $605,000...i mean someone did fork over that much for the car. Think of a TV on sale for $499.99 , but the buyer actually pays more in the end just to have the TV.
ansky 10:16PM (1/19/2008)
wow if i had that amount of money i would
a. wait and buy one like a normal non-douche
b. then buy 5 other cars
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Sandy 10:21PM (1/19/2008)
In my next life, I want to come back, as Ron Pratte.
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MemphisNET 10:32PM (1/19/2008)
Guys, they're making a huge donation to a good cause, and they happen to get a really slick Mustang because of it.
All proceeds go to Juvenile Diabetes. 0$ goes to Ford and Shelby. And I bet they both wouldn't have it any other way.
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MajorGeek 10:35PM (1/19/2008)
Amazing to read comments from people at a "auto enthusiast" website. Like the first ZR1 Corvette selling for 1 million (the bidder raised his own bit from 900-1 million) it all goes to charity. These guys bid over the top for that reason. While we can easily argue the prices of some of the cars, you should take note of the ones that sell for charity and move on. THAT is money well pissed away.
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tankd0g 11:15PM (1/19/2008)
That buys an aweful lot of Z-Max.
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Reader 11:16PM (1/19/2008)
I doubt he would have paid even close to that much if Ford was receiving the money. He has money, why not help people with it and get a little extra for doing so.
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RLQ 12:43AM (1/20/2008)
Barrett-Jackson is such a joke now.
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hli33 2:39AM (1/20/2008)
didn't the first GT500 sell for $648,000. to this same guy? so the 1st GT500KR sold for less than the GT500... hmmm..
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Michael 7:19AM (1/20/2008)
"I doubt he would have paid even close to that much if Ford was receiving the money. He has money, why not help people with it and get a little extra for doing so."
I completely agree.
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Tony 9:15AM (1/20/2008)
Just throwing this out there (conspirory theorist) If you were Ford and you wanted to make a huge splash for your product and make sure that it was a huge splash. Would you not aproach somebody like Mr Pratte and back him to say a half a million dollars, which is chump change for the exposure this gets? I would, and if their not, Ford will be after reading this. It also raises the perceived value of the POS car in the small minds of the people who will bid on them in the future. A win, win for everybody who has more money than cents.
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MAOR 4:00PM (1/20/2008)
Parnelli Jones Mustang at 50k is the ultimate representation of the modern Mustang. IT should have been the Cobra. Anything above and beyond is superfluous.
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