Ford Falcon XR8 Sprint build 1 of 750 was auctioned off for $92,500 this week - $30,000 more than its original list price - to raise funds for the Juvenile Diabetes Research Fund (JDRF).

2016_ford_faclon_xr8-sprint_auction_01

The car was donated to the JDRF earlier this year for the auction, with the funds raised going towards its Artificial Pancreas Project, which aims to automate insulin pumps and provide a ‘technological cure’ for type 1 diabetes (T1D).

Ford Australia also donated $60,000 to the research, on top of the $13,000 contribution from employees last year.

Sydney businessman, David Pearce, is the proud new owner of the white manual XR8 Sprint number 1 of 750 produced for Australia - the first publicly available version of the sold-out final-edition Falcon.

2016_ford_falcon_xr8-sprint_auction_revised

Pearce’s brother Mark is battling health issues of his own, so he hopes the purchase of the special car will help to lift his brother’s spirits through this tough period.

“Mark’s health has been deteriorating rapidly and now only has 18 per-cent lung function,” he said.

“The Falcon Sprint was a ‘must-have’ to add to our Ford collection, which also includes a restored 1978 Falcon XC which was the car my brother learned to drive in.”

Katie English, mother of an eight-year-old son with T1D, said the funds raised from the auction along with Ford’s donations give her and other affected families hope that one day a cure will be found.

“The hope for a cure would not exist if it wasn’t for JDRF and people like David,” she said.

“My family and I are grateful for Ford’s donation of the XR8 Sprint and David for his generosity.”

2016_ford_falcon_xr8-sprint_auction_02

Packing a 5.0-litre supercharged V8, the limited-edition Ford Falcon XR8 Sprint produces 345kW of power and 575Nm of torque, which increases to 400kW/650Nm using the overboost function.

Released in May, the XR6 and XR8 Sprint models were limited to a total of 500 and 750 units respectively, with a further 50 XR6 Sprints and 100 XR8 Sprints allocated for New Zealand.