First Production Cadillac Blackwings Raise $430,000
Proceeds will benefit Black Ambition, a nonprofit to help battle racial inequality.
High bids for the ultimate-performance CT4-V Blackwing and CT5-V Blackwing models will benefit Black and Latinx-owned business startups.
By The Editors
Sun, Mar 28, 2021 10:08 AM PST
The beastly Cadillac Blackwing sedans are finally being produced, and the first retail production models have been auctioned off. The Barrett-Jackson Scottsdale Auction raised $430,000 for Black Ambition, a PolicyLink nonprofit initiative that helps bridge the racial wealth and equity gap.
The Cadillac CT4-V Blackwing and CT5-V Blackwing are GM’s latest high-performance offerings, boasting true ‘sleeper’ reputations for both cars. The CT5-V Blackwing makes a stunning 668 horsepower, and the CT4-V Blackwing is rated at 472 horsepower.
Both first production cars also come with the highly desirable manual transmission.
Full report below.
The full hammer price for the 472-horsepower, twin-turbocharged CT4-V Blackwing VIN 001 and the 668-horsepower, supercharged CT5-V Blackwing VIN 001 goes to Black Ambition as Barrett-Jackson waived the fees and commissions typically associated with their collector car auctions.
The high bidders also received tickets to an exclusive driving experience at Spring Mountain Motor Resort and Country Club in Nevada as well as tickets to an upcoming IMSA race.
“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.”
Black Ambition is a startup incubator for Black and Latinx entrepreneurs who are launching tech, design, health care and consumer product/service businesses. Prize money awarded by the organization in business competitions is used as capital by the winning recipients to help get their startup off the ground.
The money raised by the Cadillac Blackwing sales will go toward Black Ambition’s prize awards.