You can count on the fact that there will be plenty of tributes to the late Carroll Shelby over the next several months and years – most of them taking the vehicular shape of the Ford Mustang, we'd wager. The one you see above was created by a group called Friends of Carroll and was unveiled by Edsel Ford II, Ford marketing VP Jim Farley and Shelby American President John Luft at the 2012 Rolex Monterey Motorsports Reunion.

The 2013 GT500's stock 662-horsepower 5.8-liter V8 engine has seen its power bumped to an even 850 horses with upgrades provided by Ford Racing. A widebody kit from Shelby covers up the 13-inch-wide rear wheels and 345-series tires. The car is painted in Guardsman Blue with Wimbledon White stripes – a classic color combination seen on many Cobra roadsters from the 1960s.

All proceeds from this sale at Barrett-Jackson will benefit the Juvenile Diabetes Research Foundation. Check out our live image gallery above and peruse a video of the car's time on the auction block as well as the official auction description below. If you want to have some fun while watching the auction action, click here to take part in the Hagerty Fantasy Bid online game... after all, you could win a new GT500 of your own.

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Barrett-Jackson Lot: 3013 - 2013 SHELBY GT500 COBRA FASTBACK

For over 50 years, Carroll Shelby inspired designers and engineers throughout Ford Motor Company. Countless engineers crossed paths with Shelby over the years, from those who crafted the original GT40, to those working on the 2013 Shelby GT500. This one-only 2013 Ford Shelby GT500 "Cobra" was built as a tribute to the late Carroll Shelby. It was unveiled by Ford Motor Company board member Edsel Ford II, Ford executive Jim Farley and Shelby American President, John Luft, at the 2012 Rolex Monterey Motorsports Reunion where the Shelby Cobra was the featured marque of show. Starting with the 662hp Shelby GT500, a group dubbed the "Friends of Carroll" contributed to this remarkable car. They tweaked and enhanced everything on this car. More than 850hp is generated by the Ford Racing supercharged 5.8 Liter V8. That much power required 13" wide rear wheels wrapped in massive 345-section high performance tires. All of that rubber is covered by new wide-body fenders and the entire car is finished in the same Guardsman Blue with Wimbledon White stripes that graced many 1960s Cobra roadsters. Ford teamed up Shelby American for several key components on this tribute car. Shelby American provided a specially designed hood, new rear wide-body kit, Shelby Wilwood brakes and new 20"x13" rear and 20"x10" front wheels. After it was introduced at Monterey, this unique Shelby toured many top enthusiast events in the United States. The "Friends of Carroll" chose to honor Carroll's commitment to charity by auctioning the car for charity. Proceeds from the sale of the incredible vehicle will be donated to benefit the Juvenile Diabetes Research Foundation, JDRF. **ALL PRODCEEDS TO BENEFIT THE JUVENILE DIABETES RESEARCH FOUNDATION** **WILL BE SOLD AT APPROXIMATELY 1:00PM ON SATURDAY, JANUARY 19, 2013**

Ford Shelby GT500 Information

Ford Shelby GT500

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