The Shelby team unveiled a supercharged concept version of the Mustang-based 2011 Shelby GT350 to the surprise of thousands gathered at the Barrett-Jackson Auction opening night party to honor the 45th anniversary of the first GT350 and first Shelby big block Cobra. The car was a huge hit. The introduction of the car at Barrett-Jackson meant that the car could not be seen "in action" by fans. To remedy that situation, a pair of the cars paced the 2010 Shelby American NASCAR Sprint Cup race on February 28. "Our partnership with Las Vegas Motor Speedway made it possible to perfect it on their oval, road course and drag strip, it was appropriate that the GT350 pace the race so everyone worldwide could see one at speed for the first time since 1970." The concept behind the GT350 was to build a car that is light, nimble and powerful. Beginning with the "small block" 5.0 liter Ford Mustang GT as its base, the Shelby American team worked with experts from Ford Racing, Goodyear, Borla, Cragar and Baer to create a car that is fast and has razor sharp handling. Every segment of the car is enhanced or replaced to create the ultimate balanced performance pony car that is true to the spirit of the 1965-1970 model year Shelby GT350. A limited number will be built in the 2011 model year. We worked with Ford Racing to supercharge the engine with a goal of 500 horsepower, as well as to sharpen the handling. Baer Brakes helped engineer the fantastic brakes and we shod the GT350 with 19" modern Cragar wheels and super sticky Goodyear tires. This Shelby is truly a complete performance package." Each GT350 will be clad in traditional white with Shelby Guardsman blue Le Mans stripes and feature the new Ford V8 coupled to a 6-speed manual transmission and center exit exhaust. Blue Shelby GT350 valve covers and billet caps set off the supercharged engine. The Baer brake system features 6-piston kit in the front, as well as 14" ERADISPEED rotors in the rear with cooling ducts for all four corners. The suspension was upgraded with new Ford Racing springs, struts, sway bars and adjustable caster/camber plates. The car also receives a new front fascia, tail light trim, front splitter, rear deck lid filler panel and rear fascia. Functional scoops are located on the side rockers and hood. GT350 badges on the outside and inside include a Shelby serial number next to the Ford VIN, just like 1965. The A-pillar carries a fuel pressure, oil pressure and boost gauge. And thanks to the special relationship between Barrett-Jackson and Shelby American, only those registered to bid at the Palm Beach Auction will have the opportunity to own the #350 Shelby GT350. It's also one of the 2011 model year "Anniversary Model" GT350's that will also be documented in the official Shelby Registry as having been sold at Barrett-Jackson.