One Of The Rarest Mustangs In The World Heads To Auction

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And it was named after the man who created the Mustang.

The Ford Mustang may have been created as a sports car for the "blue collar people," but take a look at recent auction prices for rare Mustangs and you'll notice that things are going crazy. True Mustang fans are probably well aware of Lee Iacocca, the man who is credited for inventing the Mustang and saving Chrysler. Back in 2009, a special edition Mustang was created in his honor and only 45 examples were built. Now one of the 45 cars will cross the auction block at Barrett Jackson in West Palm Beach, Florida from April 12-15.

That build number wasn't chosen at random by the way, it was to mark the car's 45th anniversary. The Iacocca Edition Mustang features unique bodywork that was done by Michael Leone, the man who created the Eleanor Mustang from Gone In 60 Seconds. Some of the unique touches include a smoother look with sunken headlights, covered rear windows, 20-inch wheels, diamond-stitched leather, a special plaque and unique badging. Only 45 examples were ever built and they were sold exclusively by Galpin Ford in southern California. This one is number 20 with the VIN 1ZVHT82H395123560.

The changes aren't just visual, because this car has the optional supercharger bringing the 4.6-liter V8 up to 400 horsepower from 300. This power is sent to the rear wheels through a five-speed manual transmission. The car has less than 500 miles on the odometer, so it could bring the big bucks when it crosses the block.

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