In order to get a feel for the value of exotic and collectible cars, Barrett-Jackson's Scottsdale Auction sets the pace. As one of the most anticipated cars in recent history, the latest Ford GT has made news for a few reasons. The first is that it uses a twin-turbo V6 instead of a traditional V8. The second source of intrigue is a contract between Ford and their customers.

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In order to cut out investors looking to make a quick buck by flipping their new car, Ford has first right of refusal. Those who have not heeded this warning have been targeted by Dearborn's legal department. But of course, this doesn't apply to charity. Our friend Ron Pratte is an avid collector of all things automotive, and he chose to donate his 2017 GT last weekend in Scottsdale. Car #23 was ordered in Liquid Blue with a black interior. With only 11 miles on the odometer, it rolled onto the block to benefit the Evernham Family's Racing For A Reason Foundation. They are donating 100% the proceeds to Autism Society of North Carolina, who's IGNITE program helps educate young adults with Autism or Asperger's syndrome. This noble cause launched a frenzy of bidding, with the hammer dropping at $2.5 Million. Kudos to Craig Jackson, Steve Davis, Ron Pratte & Ray Evernham for making this happen. This is the first auction of a 3rd Generation Ford GT, and it looks like they will be just as prolific as their predecessors. Tell us what you would pay to have one in your collection and stay with us for all your auction news.

Video of the Auction

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