First 2015 retail Mustang goes for $300K

Compared to your typical Barrett-Jackson collector car auction price, $300,000 might not seem like too much--a 1967 Corvette went for $3.8 million. But with 100 percent of the proceeds going to the Juvenile Diabetes Research Foundation, $300,000 doesn't sound too shabby.

On Saturday, the winning bidder ended up dishing out $300k for the first 2015 retail Ford Mustang GT, about 10 times the actual price. The lucky new Mustang owner got to choose from a manual or automatic transmission, with any interior or exterior details they wanted.

The Mustang's usual brute power comes from a 5.0-liter V8 engine, but this particular model will feature a slightly modified version of that, producing, “more than 420hp and 396 lb-ft of torque,” Ford officials say.

By Natalie Sejnost