Monday, January 19th 2015. | Auto & Motor, Car

Would you pay $1 million for a $60k car? One enthusiast just did so for the 2016 Ford Shelby GT350R Mustang VIN 001.

While the bonkers 2016 Shelby GT350R won’t go on sale until late 2015 for the 2016 model year, the first production unit bearing VIN 001 was already sold to its owner during Barrett-Jackson’s collector car auction held in Scottsdale, Arizona over the weekend. The happy customer, who remained anonymous, won’t be able to drive his GT350R sooner than the muscle car’s scheduled production timeline, but he already paid a cool $1 million for the lightweight fastback. All proceeds will be donated JDRF, the country’s leading global organization funding type-1 diabetes research.

If all this sounds familiar it’s because Ford initially wanted to donate a standard GT350, but at the last minute decided to replace it with the more hardcore GT350R, a version introduced a few days earlier at the 2015 Detroit Auto Show. The GT350R fetched more than the first production 2015 Mustang, which sold for $300,000, and attracted more moolah than the first production 2014 Chevrolet Camaro Z/28 ($650,000) and 2015 Corvette Z06 Convertible ($800,000) as well. In fact, the GT350R was as expensive as the first 2015 Corvette Z06 Coupe, which also hammered for $1 million.

In addition to a check with six zeroes, JDRF received an extra $150,000 from Ford CEO Mark Fields, who drove the white pre-production Shelby GT350R showcased at the auction onyo the stage.

The 2016 Shelby GT350R will go on sale in the fourth quarter of 2015 with an estimated starting prices of more than $60,000. The owner of the VIN 001 car, who paid about 16 times the price of a regular model, will be able to option the muscle car with any available colors and packages.

Click past the jump to read more about the Ford Shelby GT350R Mustang.

First Shelby GT350R Mustang Auctioned for $1 Million originally appeared on on Monday, 19 January 2015 17:00 EST.

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