The ever popular Ford Mustang continued to shine at this year's famed Barrett Jackson auction. Numerous models went up on the block, from the Mustang that Carroll Shelby customized for his son, to Shelby's own personal Mustang as well as many other classics. Shelby's personal car went for more than $300k, and the other models did well too.
Ford also produced a special Mustang GT500KR for the auction which also went rather fast. This model featured the supercharged V8 engine with 540 hp. It was a one of a kind collector's item that is incredibly special. Production on the new GT500KR Mustang's started on January 11th, which was Carroll Shelby's 85th birthday. The model produced for Barrett Jackson however had some unique features that no other Mustang will have.
Ford put their new glass roof option on this model which added a bit of twist. All the GT500KR's will have racing stripes on their roofs. Since this one had a glass roof, the company had the stripes etched directly onto the glass. The ebony black Mustang was snapped up quickly and is expected to rapidly increase in value. Proceeds from the sale were given to the Juvenile Diabetes Research Foundation.
"Only Ford Motor Company and Shelby American have sold more genuine Ford powered Shelby vehicles than the Barrett-Jackson auction over the past 36 years," said Craig Jackson, Chairman/CEO of the Barrett Jackson "I'm proud that Ford and Carroll Shelby chose to sell a one-of-a-kind 2008 Shelby GT500KR coupe at our auction, where only the finest, authentic Shelby vehicles are offered to the public."
Ford is releasing a limited edition of 1,000 King of the Road Shelby Mustangs in 2008. They will feature the special racing stripes as well as the super charged engine. It is expected that these models will retail from $50 to $60k at dealerships, but they may go as high as $100k at auction.
There is also another development in the works to commemorate this special car. Ford Motor Company has worked with Fender Musical Instruments, the iconic producer of some of the finest guitars in the world to create a commemorative guitar. This special Stratocaster will be limited to 1000 units. The first was auctioned off with the special GT500KR mentioned above.
The GT500KR Edition Fender Stratocaster comes in black and features silver stripes to mirror those on the car. Sales of this rare guitar began on January 21st and they quickly blew out. In fact, this guitar is even more popular than the special Shelby edition that they released last year.
If you missed out on your chance for your GT500KR Fender Stratocaster, you can still find a few on Ebay, but be prepared to pony up some serious cash. As for the limited edition GT500KR Mustangs, they should be available soon, but no official release date has been set. Look for them at a dealership near you and see if you can reserve yours before they are all sold out.
Scott Halliday,
Managing Editor,
All Ford Mustangs News Desk at http://www.AllFordMustangs.com
Author: Scott Halliday
Article Source: EzineArticles.com
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