Barrett-Jackson will auction off the very first retail unit of the all-new Ford Mustang during the auction house’s trademark event in Scottsdale, Arizona on January 18, 2014.

Barrett-Jackson said the Mustang will be offered at no reserve and that all proceeds will benefit JDRF to funding type 1 diabetes research.

“We’re kicking off the next 50 years of Mustang in style with a 2015 model featuring a sleek all-new design, world-class performance and innovative technologies,” says Steve Ling, North America car marketing manager for Ford. “We’re thrilled to be able to take advantage of Mustang’s popularity to help achieve the dream of ending juvenile diabetes.”

Ford explained since it debuted in April 1964, Mustang has always been “the car designed to be designed by you,” offering a range of powertrains, colors, bodystyles and other options. The 2015 edition stays true to that formula with three engine options and new technology features, further adding to the seemingly unlimited customization options.

The winning bidder of Lot No. 3010 will be able to choose either a manual or automatic transmission as well as any interior, exterior and stripe color combination offered on the new Ford Mustang GT.

In addition, Ford said the team involved in Mustang design and development will sign the car in appreciation of the donation to JDRF, and the car is scheduled for delivery after production of the new model year begins.

“Ford Mustangs have always been among the most popular collector cars at Barrett-Jackson Collector Car events,” says Steve Davis, president of Barrett-Jackson Auction Company. “While every collector wishes they had snapped up the first Mustang sold in 1964, this is an opportunity to realize that dream in a different way.”