This wasn't just any Escalade IQ - it was the very first one made for retail, with the VIN number 001. Barrett-Jackson, the auction house, didn't take any fees or commissions, making sure every penny went to the Detroit Children's Fund.
The Detroit Children's Fund is all about making sure kids in Detroit get a good education. They work with school leaders to fill in funding gaps and take care of what schools and students really need. The money from this auction will help thousands of students in the schools they support.
The Escalade IQ isn't your average SUV. It's all-electric and can go about 460 miles on a single charge. It's loaded with cool stuff like hands-free driving tech called Super Cruise, a massive 55-inch screen that stretches across the dashboard, and an optional sound system with 40 speakers.
Cadillac's been king of the luxury SUV hill for a while now. The Escalade has been the best-selling luxury full-size SUV in North America since 2014. With this new electric version, they're clearly aiming to keep that crown.
Source: Cadillac
