The Ford Motor Company, whose CEO is Alan Mulally, donated the last-to-be-built Ford Shelby Mustang GT500 convertible to Barret-Jackson auction company. The convertible was auctioned off at the Hot August Nights Classic car auction earlier this month. The 2014 Shelby Mustang will be built with customizable interior and color for the buyer of the car, Don Damon, who won the auction with a staggering bid of $500,000. It will be the last model built before the 2015 new generation design goes into production. The car comes with a super-charged engine and can reach 60 miles per hour in less than 4 seconds.
Proceeds from the sales of the Shelby Mustang, which has no reserved or maximum bidding price, will benefit the Brain Injury Association of America. The Brain Injury Association is the largest and longest running brain injury advocacy group in the United States. The association gives funds to awareness and research efforts in order to improve the quality of life for those who have suffered a brain injury. Famed and accomplished professional racecar driver Parnelli Jones is a big endorser of the association, and will attend the auction and provide the winning bidder with an autograph.
The Hot August Night Auction has been celebrating and auctioning off classic cars every year for over 25 years. The event also includes a nostalgia festival with cars and memorabilia on view. Barret-Jackson frequently supports charitable car auctions in their auction venues in various locations. The last major car auctioned for charity by Barret-Jackson was a first production Corvette Stingray. The corvette was purchased for $1 million in April by NASCAR team owner Rick Hendrick. Proceeds from that sale were given to the Barbara Ann Karmanos Cancer Institute.