All proceeds from the auction of the first production CT5-V Blackwing went to the Black Ambition charity, a self-described non-profit initiative “that provides a bridge to success for Black and Latinx entrepreneurs who are launching tech, design, healthcare and consumer products/services start-ups.” The charity was launched by celebrated music artist and producer Pharell Williams in partnership with Oakland-based social equity firm PolicyLink last year.
The anonymous winning bidder on the first CT5-V Blackwing didn’t actually bid on a physical car, but rather the rights to VIN 001. They’ll be able to order their car as they wish from General Motors and will receive it once production of the new ultra-performance sedan begins at the GM Lansing Grand River plant later this year.
The first retail production 2022 Cadillac CT4-V Blackwing was also auctioned off at the event, with proceeds from that sale also lining the coffers of Black Ambition. In a statement, Barrett-Jackson president Steve Davis said the company was “honored to auction these two VIN 001s with 100 percent of the proceeds benefiting Black Ambition’s efforts to support Black and Latinx entrepreneurs.”
The Cadillac CT5-V Blackwing debuted earlier this year, arriving with a supercharged 6.2L V8 LT4 engine rated at 668 horsepower and 659 pound-feet of torque. The sedan comes standard with a six-speed manual transmission and rear-wheel-drive, while an optional GM 10-speed automatic on offer as well.
GM has a history of auctioning off the first retail production examples of its performance models. It sold off the first production 2020 Corvette Stingray at a Barrett-Jackson auction last year, which was purchased by noted Chevy enthusiast and NASCAR team owner Rick Hendrick for an incredible $3 million. Hendrick also purchased the first retail production example of the C7 Corvette Z06 back in 2015 for $800,000.