barrett jackson scottsdale 2019

First Ford GT Heritage Edition, Shelby GT500, Toyota Supra Raise $5.7 Million at Barrett-Jackson Scottsdale

Greg Kachadurian
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Any time a major new sports car gets brought to market, the first example always seems to end up at an auction in no time at all. Yesterday three of those cars were sold at Barrett-Jackson Scottsdale and raised a total of $5.7 million for some very worthy charities; two of those cars were only just revealed last week… officially, anyway (glares at Toyota). The first production examples of the 2019 Ford GT Heritage Edition, 2020 Ford Shelby GT500, and Toyota GR Supra were up for grabs. Here’s the quick breakdown.

It’s no surprise that the top-selling car of the bunch was the Ford GT Heritage Edition which raised $2.5 million. With the legendary Gulf Racing colors finally making it to an official Ford product again, VIN #001 of the already very limited supercar went to Rick Hendrick who owns that one NASCAR team which does pretty well. All of Mr. Hendrick’s funds will help Michigan families via United Way for Southeastern Michigan.

Now the second-highest selling car of the bunch may… uh, not be what you were expecting. The “Global #1” 2020 Toyota GR Supra commanded a seriously impressive $2.1 million with all funds going to the American Heart Association and the Bob Woodruff Foundation. The AHA funds research and advocates for stronger public health policies and the BWF is a charity founded by ABC reported Bob Woodruff who survived an IED impact and now works to benefit impacted veterans, service members, and their families. Toyota did not disclose who the winning bidder was.

And because it’s not a true Shelby unless it goes to Barrett-Jackson, the winning bid for the first of the “700-plus-horsepower” 2020 Shelby GT500s was $1.1 million and was placed by Craig Jackson, chairman and CEO of Barrett-Jackson. All proceeds go to JDRF, the leading global organization funding type 1 diabetes research. Now that the first of the new GT500s is in private hands, maybe he can take it to a dyno so we can finally get a real horsepower figure…

[Sources: Ford, Toyota]

About

Greg Kachadurian

Greg Kachadurian

I’m the guy that spoiled the site with all the new car stuff. Hooniverse News Editor since 2011, amateur motorsport photographer, sim racer, and mountain road enthusiast.

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6 responses to “First Ford GT Heritage Edition, Shelby GT500, Toyota Supra Raise $5.7 Million at Barrett-Jackson Scottsdale”

  1. outback_ute Avatar
    outback_ute

    Not bad, can’t begrudge the charity aspect of these auctions

    Reply
  2. Sjalabais Avatar
    Sjalabais

    The Mustang going for ~half of the Supra is an odd blip – was all the 2+ million $ lure of the blue oval used up with the GT? Will the Supra earn the respect of people with actual Supra-toy-money easier than the respect of the internet commentariat in their 3rd owner minivans? Only time will tell…

    Reply
    1. 0A5599 Avatar
      0A5599

      Each car’s proceeds went to a different charity. I wonder whether the Toyota’s hammer price was impacted by someone already planning to make a sizable donation to the charity who figured they might as well get a free car out of it. So, not toy money, but tax money.

      Also, the way US tax laws work, if you buy an asset that appreciates, giving it to a charity lets you take a deduction for the appreciated value, not just what you actually paid. That’s what drives a lot of the fine art market.

      Reply
      1. Sjalabais Avatar
        Sjalabais

        Makes sense, but it would be absolutely stunning if that Supra keeps appreciating.

        Reply
        1. 0A5599 Avatar
          0A5599

          Being that it’s #001, it will, primarily because it will be auctioned to benefit another charity in a decade or so, where some other wealthy person looking for a tax break will make a bid far in excess of the true value of the car. Like art, it just needs to be a 1-off item so that a comparable value can’t be determined. In the art world you have to wait for the artist to die so that there won’t be any more, but with cars you either tie the extra value to a low VIN, or do a unique paint job. Then you auction for charity

          See, for example, Leno’s 2008 Challenger was nothing special other than VIN #4. As a car, it would have been worth less than a faster, better, warrantied 2019 Hellcat, but it went for multiples of that value.
          https://www.foxbusiness.com/features/jay-lenos-2008-dodge-challenger-raises-565k-for-uso

          Reply
  3. dukeisduke Avatar
    dukeisduke

    Wow, $2.1m for a badge-engineered Z4 Clownshoe?

    Reply