First Cadillac CT4-V And CT5-V Blackwing Sell For $430,000

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All proceeds will go to Black Ambition, a foundation for entrepreneurs of color.

The hotly-anticipated CT4-VBlackwing and CT5-V Blackwing are about to be unleashed as Cadillac's challengers to the BMW M3 and BMW M5. Pricing for the CT4-V Blackwing starts at $59,990 but a fully loaded model will set you back more than $87,000. The more powerful CT5-V Blackwing is even more expensive, starting at $84,990. Add all the optional extras there, the price can mount up to more than $125,000.

Someone paid significantly more than that to own the very first production examples of the CT4-V and CT5-V Blackwing. Cadillac's new sports sedans with VIN 001 were recently sold at a Barrett-Jackson Scottsdale Auction in Arizona for a whopping $430,000.

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While that may seem like an absurd amount of money to pay for the privilege of owning the first examples that rolled off the production line, it's all going to a good cause. All proceeds from the auction are being donated to Black Ambition, a non-profit organization launched by Pharrell Williams for "Black and Latinx entrepreneurs who are launching tech, design, health care and consumer product/service businesses."

"Everyone at Cadillac and GM is proud of the results and what the sale of these new CT4-V and CT5-V Blackwing models will mean for others through Black Ambition," said Melissa Grady, Cadillac chief marketing officer.

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"We are proud to support this nonprofit initiative to help reduce barriers, improve access to capital and provide mentorship to up-and-coming entrepreneurs."

Under the hood of the CT5-V Blackwing is a 6.2-liter supercharged V8 rated at 668 horsepower and 659 lb-ft of torque, making it the most powerful production Cadillac ever made. The CT4-V Blackwing is no slouch either, using a 3.6-liter twin-turbo V6 generating 472 hp and 445 lb-ft of torque. Sales of the 2022 Cadillac CT5-V Blackwing and CT4-V Blackwing will start in late summer, but demand for the sports sedans has already been extremely high. Just two days after their debut, the first 500 examples that feature a serialized plaque quickly sold out.

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