If you can’t wait to get your hands on the 2023 Cadillac Escalade-V, you’d better listen up as the first production model is going up for grabs on July 1st.

The VIN 001 Escalade-V will be auctioned by Barrett-Jackson and 100% of the hammer price will benefit the Pensole Lewis College of Business & Design, which is Michigan’s only historically black college or university. It was reestablished in 2021 under the leadership of prominent footwear designer Dr. D’Wayne Edwards and, as an added bonus, the winning bidder will have the opportunity to sit down with him and design a pair of custom sneakers that will be manufactured as a one-of-one run.

Of course, most bidders will likely be more interested in the Escalade-V which is billed as the “industry’s most powerful full-size SUV.” It features a supercharged 6.2-liter V8 engine that produces 682 hp (509 kW / 691 PS) and 653 lb-ft (884 Nm) of torque. The engine is connected to a ten-speed automatic transmission and an all-wheel drive system, which enables the model to accelerate from 0-60 mph (0-96 km/h) in less than 4.4 seconds and run the quarter-mile in 12.74 seconds at 110 mph (177 km/h).

Also Read: 10 Supposedly Fast Cars That Can’t Beat The 6,217 lbs Cadillac Escalade-V To 60 MPH

Besides the almighty engine, the Escalade-V features aggressive bumpers, a mesh grille, and a four-tailpipe exhaust system. They’re joined by 22-inch aluminum wheels that are backed up by a high-performance braking system with Edge Red calipers. The SUV also boasts a sport-tuned air ride adaptive suspension, an electronic limited-slip differential, and Magnetic Ride Control 4.0.

Moving into the cabin, drivers will find semi-aniline leather seats, Zebra wood trim, and a curved OLED screen with a total display area of 38 inches. There are also plenty of V-Series accents and a 36-speaker AKG Studio Reference audio system.

There’s no auction estimate for the first production Cadillac Escalade-V, but the model starts at $149,990.