A Limited-Edition Iacocca Mustang, and Lunch for Two

An online charity auction under way includes an extremely limited-edition Ford Mustang that once belonged to Lee Iacocca, the former Ford and Chrysler executive and a principal architect of the muscle-car movement. Bundled with the Iacocca Silver 45th Anniversary Edition Mustang is a feature as novel as the vehicle itself: a Los Angeles lunch with Mr. Iacocca.

In an e-mail, Mr. Iacocca said that he donated the limited-edition car to Keep Memory Alive, a foundation that supports research into disorders that affect memory, because he “wanted to support something that should never be a ‘limited edition’: brain health.” All proceeds from the Web sale, which concludes on Feb. 23, benefit the foundation.
Mr. Iacocca with the first Silver 45th Anniversary Edition Ford Mustang chassis ever produced, in 2009.

The car was a 2009 collaboration among Mr. Iacocca, Michael Leone and Gaffoglio Family Metalcrafters, and with a production run totaling 45 vehicles, nominally celebrating the 45th anniversary of the original Ford Mustang, which Mr. Iacocca introduced during his Ford tenure in 1964. These fastback models were based on 2009 Mustangs with 300-horsepower V-8 engines, but were equipped with upgraded suspension components and brakes, special 20-inch wheels and a custom interior. Courtesy of a supercharger, the model being auctioned generates 400 horsepower.

In 2009, another car from the series that was upgraded to 550 horsepower sold for $352,000. Practically minded bidders might be relieved to know that the example at auction bears a three-year, 36,000-mile warranty.

As for whether the winning bidder also gets to choose the restaurant, that is unknown.