The 2020 Ford Mustang Shelby GT 500. File photo. (Photo by Bill Pugliano/Getty Images)

Shelby Mustang sells for $1.1M at auction to benefit charity

Ford auctioned the vehicle with vehicle identification number 001, with all proceeds to benefit the Juvenile Diabetes Research Foundation, at the Barrett-Jackson auction in Arizona. 

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The winning bidder was auction chairman Craig Jackson, an avid Mustang collector, Fox News reported

It is the second-highest price a Mustang has sold for at auction, behind a $2.2 million experimental Shelby GT500 Super Snake, Fox News reported

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