The first 2015 Shelby GT350 Mustang will go under the hammer at the Barrett-Jackson collector car auction in Scottsdale, Arizona.

The first 2015 Shelby GT350 Mustang will go under the hammer at the Barrett-Jackson collector car auction in Scottsdale, Arizona.

The car will be offered without a reserve and the winning bidder will be able to select which options and paint color are applied to the model.

All proceeds will benefit the Juvenile Diabetes Research Foundation (JDRF) which aims to "progressively remove the impact of type 1 diabetes from people’s lives until we achieve a world without type 1 diabetes."

As a refresher, the Shelby GT350 has a naturally aspirated 5.2-liter flat-plane crank V8 engine that develops more than 500 bhp (373 kW) and 400 lb-ft (542 Nm) of torque. It is connected to a six-speed manual transmission which sends power to the rear wheels via a Torsen limited slip differential.

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