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Final Shelby car nets a fortune

By Judy Martel · Bankrate.com
Wednesday, August 28, 2013
Posted: 6 am ET

Car-lovers jumped at the chance to bid for a piece of history before it even happened. The final 2014 Ford Shelby GT500 convertible, which hasn't yet been built, sold for $500,000 at the Barrett-Jackson Hot August Nights Auction in Reno, Nev.

Pictured above is the 2013 Mustang Cobra convertible. The final Shelby 2014 GT500 sold for $500,000 at auction before it has even been built.

Pictured above is the 2013 Mustang Cobra convertible. The final Shelby 2014 GT500 sold for $500,000 at auction before it has even been built.

In addition to gaining the keys to a 662-horsepower classic, winning bidder Don Damon of Great Bend, Kan., had the satisfaction of donating to the Brain Injury Association of America. All profits from the sale will go to the charity to fund research, treatment and education for traumatic brain injuries.

Parnelli Jones, retired race car owner, driver and winner of the 1963 Indianapolis 500, is involved in the charity because his son, Page, suffered a brain injury in 1994 in a Sprint car wreck. Jones attended the auction and will add his signature to the Shelby.

Since the car has not been built, Damon will be able to choose the exterior, interior and stripe colors. He is scheduled to receive the Shelby at the end of this year.

As the Shelby's whopping price tag suggests, car enthusiasts will pay big bucks for a one-of-a-kind model. At another of Barrett-Jackson's charity auctions earlier this year, the first production 2014 Chevrolet Corvette Stingray hardtop sold for just over $1 million. Sprint race car owner Rick Hendrick's purchase benefited the College for Creative Studies in Detroit.

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Jim Robion
September 02, 2013 at 6:12 pm

Hey Jim Mac,

Bet you voted for O'Bummer TWICE.

For both you and him: Listen Up !!

America is about the opportunity to make as much money as you want (so long as it is legal) and not have somebody (or government) tell you what you can spend it on.

Look what socialism did for Nazi Germany and the Soviet Union. The last time I looked we were over $17 TRILLION on our way to the same end.

Time to get a job and stop worrying about how other people spend their money.

Semper Fi. Mac


jim mac
September 02, 2013 at 5:43 pm

Amazing how someone can afford to spend $500,000 for a car while others can't earn a living wage to feed their families. It's no wonder we need charities. What a fouled up system.

September 02, 2013 at 5:10 pm

It funny how people have nothing better to do then sit at there computers and pick apart everything others do. To run a big charity is no easy job, but if you sit home and do nothing for charities, then get up and do something and maybe you can find out what it consists of !!!!

September 02, 2013 at 3:48 pm

The last Shelby Mustang needs to be the same as the first, white with blue Le Mans stripes bringing it full circle.

September 02, 2013 at 11:41 am

Yes, we can read. But Unrso has a valid point. Many non-profits get only a fraction of what is donated and the rest goes to those that run it for "operational expenses".

September 02, 2013 at 10:26 am

I am a firm believer of charity. But I also want to know what the CEO and Execs of that charity take home. Many times a charity runs with unexpected expenses. Like maybe a back yard pool at one of their homes, etc. They should be made to post their income yearly or let the IRS so it for them. The world is so untruthful nowadays. Think about it.

September 02, 2013 at 9:35 am

Did any of you bother to read the article; it was for charity.