2007 Barrett-Jackson, Scottsdale: First Shelby GT brings $600,000

Click on the Image for a gallery of high-res images of the Shelby GT

Early last year Ford announced that they would be building 500 Shelby GT-H Mustangs that would be available exclusively for rent through selected Hertz rental outlets. The car was patterned after the original Shelby GT350-H that was also available as a Hertz rental in the 1960s. That car like the original was only available with an automatic transmission. A few months later Ford also announced the 5-speed manual transmission Shelby GT for sale through regular Ford dealers.

The first production example of the Shelby GT was auctioned at Barrett-Jackson on Saturday with all the proceeds going to the Carroll Shelby Children's Foundation that helps kids with heart problems. Last year the GT's big brother, the supercharged GT500 was auctioned for $600,000 with the money also going to the Shelby Foundation. The winning bidder for the Shelby GT matched that amount, adding another $600,000 to the charity's coffers. The GT has a 325hp 4.6L V-8, beefed up suspension and the same special Shelby grille that was featured on the GT-H. A high-flow exhaust system and 3.55:1 rear-axle ratio beef up the sound and the acceleration. The Barrett-Jackson press release is after the jump.

[Source: Frank Filipponio via Barrett-Jackson]
Sale of Iconic Shelby to Benefit the Carroll Shelby Children's Foundation
A major automotive milestone will occur when the first production 2007 Ford Shelby GT Mustang (Lot #1300) is sold at No Reserve during the 36th Annual Barrett-Jackson Collector Car Event from January 13-21, 2007, in Scottsdale, Ariz. Carroll Shelby will hand the keys of CSM 07SGT0001 to the winning bidder and a portion of the proceeds from the sale will benefit the Carroll Shelby Children's Foundation. Hailed as "The World's Greatest Collector Car Events™," the auction will feature more than 1,200 of the world's finest collector automobiles and be featured on SPEED with 40 hours of live coverage.
"We're honored that Carroll Shelby and the Ford Motor Company chose to offer the first production Ford Shelby GT to the public through a Barrett-Jackson Auction," said Craig Jackson, CEO of the Barrett-Jackson Auction Company. "Carroll Shelby is an American legend and his indomitable spirit is in every detail of this impressive machine. We look forward to putting this rare piece of history into the hands of a collector while raising money for a wonderful charity."
Built by craftsmen at the Shelby Automobiles factory in Las Vegas, the muscle car is the third modern Shelby Mustang produced through a collaboration of Ford and Shelby. In addition to the 2007 Shelby GT500, Ford and Shelby created 500 Ford Shelby GT-H's, which are rented through Hertz. The new Shelby GT is the result of customer demand for a retail version of the Shelby GT-H.
"The Barrett-Jackson Auction Company has been a great supporter of my foundation," said Carroll Shelby, CEO of Shelby Automobiles, Inc. "It's appropriate that we offer the first of my new Ford Shelby GT Mustangs at the Barrett-Jackson Auction, which has probably sold more Shelby cars than any other venue in the world."
The new car offers all of the performance, exclusivity and style expected from a Shelby. Its 4.6-liter V-8 has a cold-air intake and a new engine calibration for improved response; a Hurst short-throw shifter is installed in manual transmission models. The high-flow exhaust system with X-pipe crossover increases power and adds a throaty note. The 3.55:1 rear-axle ratio capitalizes on the extra power, especially accelerating off the line.
Like the 1965 G.T.350, the modern Shelby's driving dynamics were fine tuned with new coil springs and a front strut-tower brace to stiffen and strengthen the chassis. Stiffer dampers and front swaybar enhance cornering and body control while 18" high-performance tires maximize the benefits of the chassis upgrades.
According to Steve Davis, president of the Barrett-Jackson Auction Company, "Classic Shelbys are highly valued by collectors and are very desirable at Barrett-Jackson Auctions. In my opinion, the opportunity to own the first 2007 Ford Shelby GT is akin to buying the first Shelby G.T.350 in 1965. It's a once-in-a-lifetime chance to own a piece of Shelby, Ford and Barrett-Jackson history, while at the same time support the Carroll Shelby Children's Foundation."
An early production Shelby GT500 sold at the 2006 Barrett-Jackson Scottsdale event for US$600,000, with proceeds benefiting the Carroll Shelby Children's Foundation. Last July, a Shelby GT-H sold for $250,000 with proceeds benefiting another charity. The first Shelby GT-H's that have been retired from the Hertz rental fleet are being offered through closed sales and are attracting significant attention from collectors. Thirty authentic Shelbys will be sold at the Scottsdale auction this year ranging from the only 427 Cobra Supersnake (CSX3015) built specifically for Carroll Shelby in the 1960's to the 2007 Ford Shelby GT. Many consider the cars to be the most significant Shelbys available in the world today.
Barrett-Jackson continually reaffirms its leadership position in the collector car market by elevating consignment standards, challenging annual records and serving as the barometer for market trends. Last year, more than 300,000 attendees and millions of television viewers from around the world witnessed over 1,600 cars being auctioned off for approximately $135 million at the two 2006 Barrett-Jackson Collector Car Events held in Scottsdale and Palm Beach, Fla.
About Barrett-Jackson
Established in 1971 and headquartered in Scottsdale, Ariz., Barrett-Jackson specializes in providing products and services to classic and collector car owners, astute collectors and automotive enthusiasts around the world. The company produces the "World's Greatest Collector Car Events™" in Scottsdale and Palm Beach, Fla. For more information about Barrett-Jackson, visit www.barrett-jackson.com or call (480) 421-6694.

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