Barrett-Jackson 2014: Gene Simmons' 1956 Ford F-100 Snakebit custom truck sells for $450k [w/video]

We first saw Gene Simmons' 1956 Ford F100 custom truck, nicknamed Snakebit, at last year's SEMA Show in Las Vegas. The truck was built with factory support from Ford, and it just went up for auction here at the 2014 Barrett-Jackson auction in Scottsdale, accompanied, as you'd expect, with a ton of fanfare.

Sporting a 550-horsepower, supercharged, 5.4-liter V8 engine and a six-speed manual transmission borrowed from a Shelby GT500, this custom truck has been modeled to resemble a Shelby Mustang with an all-steel front fascia, headlights and hood. The rest of it has been suitably modified, too, with a custom independent front suspension system, a wheelbase stretched five inches and a billet machined bed treatment made to look like wood.

Regardless of what you think of the truck's looks or provenance, at least we can all agree that it was built and auctioned off for a good cause. The gavel fell with a high bid of $450,000, and all proceeds will go toward The Children's Hospital Foundation of Saskatchewan, the home province of the family of Shannon Tweed-Simmons, wife of the previously mentioned rock star.

Check out our high-res gallery of live images above, and read the truck's official auction description below. For some extra fun while you're watching, play along online with Fox Sports' Fantasy Bid game.

UPDATE: Video of the live auction proceedings can now be seen below. Check it out!