This is Ford's ninth custom Mustang for the event.

Ford’s wildly yellow “Ole Yeller” Shelby GT350 Mustang fetched $295,000 during a charity auction at the Experimental Aircraft Association’s AirVenture in Oshkosh, Wisconsin. The money benefits the EAA’s youth education programs, including giving kids their first flight in a small plane.

Ole Yeller was Ford’s ninth custom Mustang for the EAA, and the pony cars have raised over $3 million for the EAA's youth charity. In addition to the vibrant yellow and black body, Ford outfitted the one-off with a massive rear wing and neon underbody lighting. The interior featured big Recaro seats and a similar color scheme.

Ford’s Ole Yeller pays tribute to a famous P-51D Mustang that still holds the record as the fastest prop plane to travel coast to coast. To give the lucky driver a little taste of that kind of power, the GT350 still packs a 5.2-liter V8 that pumps out 526 horsepower (392 kilowatts) and 429 pound-feet (582 Newton-meters) of torque through a six-speed manual gearbox.

The yellow Mustang’s performance in the auction was better than last year’s Apollo Edition that sold for $230,000. However, 2013’s U.S. Air Force Thunderbirds-inspired ‘Stang brought an impressive $398,000 for the charity. The AV8R from 2008 still tops the bunch by selling for an impressive $500,000.

Source: Ford

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