FIRST PRODUCTION '07 GT500 COUPE / $600k !!!!

The first production serial number, 2007 GT500 coupe was just sold on Barrett Jackson, for $600,000 !!!!

Yes, all proceeds goes to the Carroll Shelby Childrens Foundation.

Carroll Shelby was there, as was Edsel Ford, to introduce the car. It was nuts.

Very cool to see !!!!

That's great for the foundation but that is absolutely insane.

Holy Mackrel!!! :eek:

Must be nice to have so much money you can spend 600K for a 40K car.

Then again, since the money goes to charity, does he get to write off the entire $600,000? :think:

So how much do you think the first production Camaro will bring in?

GM should build one 2007 500HP+ Camaro to celebrate it's 40th Anniv in hugger orange with black stripes and auction it for charity. While I doubt GM would sell one of their concepts but maybe they could find a near new 1967 Camaro and update it with the ls7 and etc and be competely certifed by GM.

If it could pull in a cool million bucks @ an auction it would be one terrific marketing tactic that would guarantee to get tons of FREE press and the money would goto a good cause.

It will depend on the persons taxable income, as to if they get to write it all off.

What I find interesting is, the same thing was done with the first production serial number Ford GT, with all proceeds going to cherity also.

It sold for $563K (I believe, I know it was close).

It blew me away that the lowly GT500 sold for more. Carroll was laughing.......... Edsel was laughing.......... Jackson was having a blast........... and the crowd was going nuts.

That is cool that the money is going to charity :D .

I wish I had that kind of money too :( .

David

And people thought they were paying too much for the brand new zo6s.

is it just me or does anyone else think that guy is a huge retard for spending $600k on a car that is worth 1/15th of that? I dont really care if it goes to charity, make a donation to a charity then!

is it just me or does anyone else think that guy is a huge retard for spending $600k on a car that is worth 1/15th of that? I dont really care if it goes to charity, make a donation to a charity then!
The only rationale I can think of is he both wanted to do a good act and also be the first one to own that particular vehicle. Otherwise, it just would have made sense to write a check to the Salvation Army and call it a day.

If he was a huge retard, he would not have the $600K to buy it. ;)

Think of it this way, while you may pull out your checkbook and write a $40K for one, he is basically getting his for free............ is getting some other cool stuff (matching serial number snap-on giant tool chest.......... signed visor......... etc), and is looking like an all around good guy, for giving all that money to charity.

Doesn't seem so retarded to me.

Just what I was thinking.
Who here would turn down a brand new car after donating money you likely would have donated anyway? The real question is....the guy who bidded 550k....is he going to donate his money as well?

That's just plain psychotic :eek: ...For that kind of money I'd be rolling in an S7 TT not an overhyped, overweight Mustang :confused: :shrug:

Well, obviously, the buyer disagrees with you. :rolleyes:

Unlike some of the naysayers here, there are alot of people who are very jazzed about this car. There are alot of Shelby fans. I'll tell you what, it was pretty cool seeing that old man up on the podium........... almost giggling. He was pretty excited about the whole thing.

Dislike the car for whatever personal reasons you have, but do not disrespect those who like them.

Well, obviously, the buyer disagrees with you. :rolleyes:

Unlike some of the naysayers here, there are alot of people who are very jazzed about this car. There are alot of Shelby fans. I'll tell you what, it was pretty cool seeing that old man up on the podium........... almost giggling. He was pretty excited about the whole thing.

Dislike the car for whatever personal reasons you have, but do not disrespect those who like them.
Who here has said the car is a bad car? No one has, theyre saying its ridiculous to pay 600,000 for a car thats worth 40,000 regardless of whether its the first car or not, which it is. How the hell is that disrespecting the people that like them. Give me a fawkn break.

Let me ask you a question, what if someone paid 975,000 dollars for the first 2006 Z06? Would you not be saying that its ridiculous? As someone mentioned before, they could have had a S7 or some other supercar for that money.

This will also just give Ford dealers another justification for a $10,000 Dealer mark-up on a GT500.

So when a guy goes to a Ford showroom and starts compaining about the $60,000 pricetag on the GT500 the sales person will just say " Hey- this car just sold for $600,000 at an auction and here's a pic and a news article to prove it, so take it or leave it buddy".

If all the money goes to charity, as it does in this case, I would think it is great. If I had $600K, or $975K to give to charity, and got a cool car in return.......... hell, life would be pretty good. :D

If I recall, someone on here called the person who paid this amount "plain psychotic," and called the car an "overhyped, overweight Mustang."

Not exactly a glowing review of car, or purchaser............ don't you think??

PS, the purchase of a S7 wouldn't exactly be helping the Carroll Shelby Childrens fund............. now would it???

Maybe it was a one off w/ heated seats and a hud, and he just HAD to have it.


;):D

If I recall, someone on here called the person who paid this amount "plain psychotic," and called the car an "overhyped, overweight Mustang."

Not exactly a glowing review of car, or purchaser............ don't you think??


Yes, that was me and I stand by my comment...Of course it's just my worthless, meaningless opinion. I have a pretty good feeling that the guy who bought the car really wouldn't care at all about my opinion anyway, so what's the big deal??? He could have just made a donation to the charity and bought a GT500 for 10k over invoice like everyone else who wants one will.

Anyway, what I'm getting at is that anyone who pays that much for this:

http://www.fastcoolcars.com/images/06_07Shelbycobra/2006-2007_shelby_cobra8.jpg

When the could have bought this:

http://img.auto.mail.ru/pic/editor/Image/news/Saleen-S7-Twin-Turbo.jpg

Is IMHO, completely insane ;)

Oh, I just realized that the pic I posted is of the pre-production GT500, (with the cool hood)...Not the production one with the ugly hood...All the more reason not to spend almost $600,000 for one.

And BTW, since Ford did this I think Chevy should do a limited production Camaro with that rumored DOHC s/c'd LS9 and put it on Barret Jackson next year to try for 1 million. If that happens, you can garantee that I will also call that buyer psychotic as well...Though, I'd be more understanding about it :lol:

As Gloria said, I think the whole point was to give a big number for charity. The car itself played a minor role.

Yeah, I realize that and I think it's good that they got so much for charity :yes: ....Regardless, I'm still suprised that it brought in that much money.

As Gloria said, I think the whole point was to give a big number for charity. The car itself played a minor role.

Somehow I think it didn't. I just have a feeling that the person bought it for the car and the charity was just a bonus. That person must have a ton of money to burn because paying that much for that car is just crazy.

The guy who bought it instantly owned a peice of history. That will never change.
His name is in the history books and car folklore forever. How much is that worth?

And I agree with Gloria and a few others, the car itself is incidental to the procedure. It's hype. Fanfare. Glitz. Glamour. And thank heavens it results in needed money for a worthwhile charity.

Just .02 more.

Holy Mackrel!!! :eek:

Must be nice to have so much money you can spend 600K for a 40K car.

Then again, since the money goes to charity, does he get to write off the entire $600,000? :think:
if i recall correctly ...

technically this is a purchase, not a donation on the part of the buyer. he just purchased an item for $600,000 and the seller will give it to the charity.

so he might have to pay tax on that $600,000 as well, and Mr. Shelby/Ford gets a $600,000 - $40,000 tax write-off.


but then again if this guy has $600,000 + tax to spend on a car, he's most likely already smoking $100 bills and doesn't really care.


someone correct me if i am wrong

Somehow I think it didn't. I just have a feeling that the person bought it for the car and the charity was just a bonus.

He could buy a GT500 for 40k this very summer which is probably around the same time he'll recieve delivery anyways. If all he wanted was the car, he sure as hell wouldn't have plopped down 600+k for it. Not when the car is only worth around 40k and not when he could find plenty of examples readily available this summer when production does start.

It wasn't about the car, it was the idea behind it (charity). The car is the bonus, not the charity. He donated a buttload of money towards a good cause and got a little bonus out of it (the GT500).

Maybe if he won the auction with a 50-60k bid (10-20k going towards charity), we could say that the car was the primary reason and the charity secondary....but 600k is a whole different matter.

Hey he did it for charity. Its the same as when people bid on special items for charity on ebay like when they had that Primedia competition. Some have the money to donate like that. I wish I did!

What a waste of money.

What a waste of money.
Helping sick kids is a waste of money?!?! :confused:

Sorry , if I had the dough, and the money was going to a good cause (helping sick kids is, IMO, about the best cause in the world) then damn straight I would bid on the car. The fact that you got production model number 1, of what is admittedly a very hot car, is only a bonus.

What a waste of money.
thats right, why help kids.


Are there no prisons? Are there no workhouses?

thats right, why help kids.


Are there no prisons? Are there no workhouses?
Actually, the Shelby fund does not do the "street-kid/counselling thing".
They do the "terminally-ill, organ-donation thing".

Their fund helps financially assist children in need of organ and tissue donations to save their lives. They also help fund the systems that locate and transport matching donors and their tissue/organs.

Don't know if you are aware of it, but Shelby is like 82 years old now, and had his first heart transplant 3 decades ago. His heart condition is what took him out of the driver's seat in all those hot Cobras of the sixties.
He made a deal with his Creator, that if he got a heart and lived through the operation, that he would help others with the same problems because he basically watched a kid die in the bed beside him while waiting for an organ too. It moved him - obviously.

Here's a link to the website (http://www.cscf.org/)... you REALLY should at least read the opening page from Carrol himself. It tells the story in more detail.

I've known about it for years. :bow: to him for doing what he does.

Helping sick kids is a waste of money?!?! :confused:

Sorry, jumped into this thread without reading what was going on.

I still couldn't see dropping that kind of dough on a GT500 though, but I likely will never have $600,000 of disposable cash at any given time, unless inflation in the US goes crazy someday.

Actually, the Shelby fund does not do the "street-kid/counselling thing".
They do the "terminally-ill, organ-donation thing".

Their fund helps financially assist children in need of organ and tissue donations to save their lives. They also help fund the systems that locate and transport matching donors and their tissue/organs.

Don't know if you are aware of it, but Shelby is like 82 years old now, and had his first heart transplant 3 decades ago. His heart condition is what took him out of the driver's seat in all those hot Cobras of the sixties.
He made a deal with his Creator, that if he got a heart and lived through the operation, that he would help others with the same problems because he basically watched a kid die in the bed beside him while waiting for an organ too. It moved him - obviously.

Here's a link to the website (http://www.cscf.org/)... you REALLY should at least read the opening page from Carrol himself. It tells the story in more detail.

I've known about it for years. :bow: to him for doing what he does.
sarcasm radar broken, eh? :)

do a google search for "Are there no prisons? Are there no workhouses?"

:D

That's great for the foundation but that is absolutely insane.

Again, I still feel the same. For the car he got, that is insane. Yes it's neat because he gets to make history and help kids, but what happens if his garage roof collapses or any other number of potential damaging activities?

Guys, if he can drop 600K on the car (and hopefully more importantly for the Charity), then my guess is that he can go out and Pony-up (pun intended) for a new GT500.

what is really funny is there are still people in this thread that can't get over the fact that a GT500 was involved somehow, and can't seem to realize this was a donation for charity and NOT a purchase of a vehicle ... the car was just a very small part of it, the money going to support a children's charity is what should be focused on.



oh well, i'm sure someone else will post once more how its insane to pay that much money for a GT500.

i almost hate watching that anymore because it sickens me. 40,000 dollar cars are selling for 60-100k on many occasions. I go to the Auburn car auction by barret jackson every year and the prices keep rising and the book values stay the same. I believe the prices have been overinflated by these types of famous auctions with dirty rich people bidding. The good muscle cars are becoming unaffordable to the average person. Thats the sad part because muscle cars became famous by the average person who could buy a cool, fast, mass produced car for an affordable price. Now, only people who can new vettes can afford to buy nice muscle cars. I love looking at the cars, but in the past few years nice LS6 chevelles have gone from 30-40k to 40-50k. The 69 firebird convertible my dad bought 6 years ago for 7800 bucks is now worth 15k or so with only about 500 bucks invested cosmetically.

i almost hate watching that anymore because it sickens me. 40,000 dollar cars are selling for 60-100k on many occasions. I go to the Auburn car auction by barret jackson every year and the prices keep rising and the book values stay the same. I believe the prices have been overinflated by these types of famous auctions with dirty rich people bidding. The good muscle cars are becoming unaffordable to the average person. Thats the sad part because muscle cars became famous by the average person who could buy a cool, fast, mass produced car for an affordable price. Now, only people who can new vettes can afford to buy nice muscle cars. I love looking at the cars, but in the past few years nice LS6 chevelles have gone from 30-40k to 40-50k. The 69 firebird convertible my dad bought 6 years ago for 7800 bucks is now worth 15k or so with only about 500 bucks invested cosmetically.
... thats the nature of the beast. they don't make them anymore, so their prices go up after a significant amount of time.


there are still thousands, hundreds of thousands of old muscle cars that are dirt cheap and need restoration. saying the average joe can't afford a fully restored show-stopping berret jackson automobile is absolutly correct, and for the most part it has always been that way.

sarcasm radar broken, eh? :)

do a google search for "Are there no prisons? Are there no workhouses?"

:D

OK - Roger that! :thumb:

And no sarcasm whatsoever was intended back at you in my post.
I got the feeling that people reading this thread thought that the charity could have been anything from Katrina relief to PAC money. I still thought a clearing-up was prudent.


And finally, I think many (others) posting in this thread need to close your eyes and open your hearts. The car was only incidental to what took place Sunday.
Someone with lots of money helped a friend, and helped lots of kids who really needed it, and got a car to boot. EOS.

Let's for one moment ignore the fact that this WAS for charity, and assume that the bidding was just for the first production GT500. Now we all know that the mustang has one of the largest fanbases of any automobile out there, that mustang owners on average spend more money on their cars that the owners of other marques, and that this could be one of the most signifigant mustangs ever produced. Now does $600,000 seem like alot?