All proceeds will go to Black Ambition, a foundation for entrepreneurs of color.
The hotly-anticipated CT4-V Blackwing 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.
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.
"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.