The ever-popular Ford Mustang continued to shine at this year’s famous Barrett Jackson auction. Numerous models were placed on the block, from the Mustang that Carroll Shelby customized for his son, to Shelby’s personal Mustang and many other classics. Shelby’s personal car sold for more than $300,000, and the other models did well, too.

Ford also produced a special Mustang GT500KR for auction, which was also quite fast. This model featured the supercharged V8 engine with 540 hp. It was a one-of-a-kind collector’s item that is incredibly special. Production of the new GT500KR Mustang began on January 11, which was Carroll Shelby’s 85th birthday. However, the model produced for Barrett Jackson had some unique features that no other Mustang will have.

Ford put their new glass roof option on this model, which added a bit of a twist. All GT500KRs will have racing stripes on their roofs. Since this one had a glass roof, the company had the stripes etched directly onto the glass. The Ebony Black Mustang was quickly purchased and is expected to rapidly increase in value. Proceeds from the sale were given to the Juvenile Diabetes Research Foundation.

“Only Ford Motor Company and Shelby American have sold more genuine Ford-powered Shelby vehicles than the Barrett-Jackson auction in the last 36 years,” said Craig Jackson, president and chief executive officer of Barrett Jackson. “I’m proud that Ford and Carroll Shelby chose to sell a one-of-a-kind 2008 Shelby GT500KR Coupe at our auction, where only the best, authentic Shelby vehicles are offered to the public.”

Ford will release a limited edition of 1,000 King of the Road Shelby Mustangs in 2008. They will feature the special racing stripes as well as the supercharged engine. These models are expected to retail for between $50 and $60,000 at dealerships, but can fetch up to $100,000 at auction.

There is also another development underway to commemorate this special car. Ford Motor Company has worked with Fender Musical Instruments, the iconic producer of some of the world’s greatest guitars, to create a commemorative guitar. This special Stratocaster will be limited to 1000 units. The first was auctioned off with the aforementioned special GT500KR.

The Fender Stratocaster GT500KR Edition comes in black and features silver stripes to mirror the car’s. Sales of this rare guitar began on January 21st and quickly sold out. In fact, this guitar is even more popular than the special edition Shelby they released last year.

If you missed out on your GT500KR Fender Stratocaster, you can still find some on Ebay, but be prepared to spend a lot of money. As for the limited-edition Mustang GT500KRs, they should be available soon, but no official release date has been set. Find them at a dealership near you and see if you can reserve yours before they sell out.