Ford GT at Mecum Auction


$12M for the California Spyder and bids are incrementing at a quarter million.

And it goes for a record $13.8M.

Paul Allen's F40 goes fast for a mere $1.2M. Of course, the next service will be $1.2M.

$910k for a 74 911 Carrera 3.0 RS. Sold on a bill of sale. Does this mean no title? Insane.

959 for $1.3M. Almost double from one year ago.

Toyota. $1.05M. The bubble is confirmed. I'm heading for a cave.
 
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Hey guys --- Do we need to hire a 24-hour Armed Security Guard for when our cars are in the Parking area this October At Rally 9 ?????????
If someone can steal three ( 3) that is a clean $1.0 Million..
andy
 
I was at RM last night and must say that much of the crowd was significantly less "car-savvy" than I remember in years past. A man sitting next to me was bidding on a Lancia (a car that hammered for over 1M) and was telling his wife that the car was made in Spain! There is just lots of money out there and people looking to spend. The yellow GT looked so unbelievable! A good number of mid-late 60's ferraris at the auction that sold for a 3X multiple of just 3-4 years ago. Similarly, a 1971 mercedes 280SE CAB sold for 100K over previous record at 430k….everything is going up very rapidly!
 
Waiting for the malboro white F1. Starting to be a pain in the arse trying to pay attention to Gooding and RM at the same time. lol


http://www.rmauctions.com/auctions/live-feed.cfm?SaleCode=MO14
 
They passed on the McLarenF1 at 10.5 ! Lambo Miura SV just went for 1.9. Waiting for the ex Briggs Cunningham Gullwing which is historically significant.
 
AJB said:
Hey guys --- Do we need to hire a 24-hour Armed Security Guard for when our cars are in the Parking area this October At Rally 9 ?????????
If someone can steal three ( 3) that is a clean $1.0 Million..
andy
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Neh. I took mine to Vegas C&C today and left the doors and clamshell open and wandered around for an hour. The spray bottle of detailer was still on the seat when I came back from the coffee shop. Someone mumbled an exorbitant price again.
 
All of this really makes me think GT40s are still way cheap.
 
Agree:agree:
 
Driving a no longer produced car valued at 200k makes me a tad nervous (20,000+ joyful miles), but if it goes to 1M I may be too scared to drive it or take it to a show. Personally I hope the rate of increase slows down. That's not why I bought it.
 
A great sales weekend for the Ford GT any way you look at it. Joey, your prediction of GTs hitting $300k is coming sooner than later!
 
sr71 said:
Driving a no longer produced car valued at 200k makes me a tad nervous (20,000+ joyful miles), but if it goes to 1M I may be too scared to drive it or take it to a show. Personally I hope the rate of increase slows down. That's not why I bought it.
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If you bought it to drive, why do you care that its value is escalating now? Doesn't change anything...
 
Nothing is stopping me from driving my GT .In fact My wife and I are driving from the rally 9 home to Ma in our GT! I started the season with 33k and should finish the season with 41k!
I think I’ll go for a Sunday drive today!
 
Stopped by Lambo of Houston to see a 10 mile heritage on the floor. They said 650k was the lowest they would go and they were confident they could get it!
 
Watched Gooding after Mecum. Mecum is a circus. One auctioneer went through his entire shift and only one or two cars sold. Gooding was classy. No bibbitybibbitybibbity auctioneer. Just a cool Brit who spoke English and moved all but a few cars. At one point...it may have been the Ferrari 250 when the bidding was in the millions...he told the bidders he would only accept bids in minimum quarter million increments, because he didn't want to take all night to sell one car.
 
FBA said:
If you bought it to drive, why do you care that its value is escalating now? Doesn't change anything...
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Except your insurance premium....
 
roketman said:
Nothing is stopping me from driving my GT .In fact My wife and I are driving from the rally 9 home to Ma in our GT! I started the season with 33k and should finish the season with 41k!
I think I’ll go for a Sunday drive today!
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Good for you , Ron!! Make the trip worthwhile , stopping at places you always wanted to see...Mandy will love it! :thumbsup
 
Does anyone know why the description for the Heritage GT indicates that it can not be registered in Ca?
 
a gt sold on sat at mechum for $510k and I also think another one sold for $310k
 
So is $275K the floor on any GT now?
 
rsmithtax said:
a gt sold on sat at mechum for $510k and I also think another one sold for $310k
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The 510K was the heritage I believe. I also posted about another one and other members have posted about a few others. I'll ask one of my assistants on Monday or Tuesday to pull a bunch of results together. I know I was tracking a whole lot of Ferrari and M-B vehicles.

Xcentric said:
Watched Gooding after Mecum. Mecum is a circus. One auctioneer went through his entire shift and only one or two cars sold. Gooding was classy. No bibbitybibbitybibbity auctioneer. Just a cool Brit who spoke English and moved all but a few cars. At one point...it may have been the Ferrari 250 when the bidding was in the millions...he told the bidders he would only accept bids in minimum quarter million increments, because he didn't want to take all night to sell one car.
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Each auction house has it's own style. I guess Barrett-Jackson gets the most critique over all. Mecum is more like a numbers game because you will notice a larger amount of cars being presented compared to Gooding & Co and also Bonhams and RM Auctions. After watching Mecum its like why is the Gooding auction so slow, but they take great care in the way they handle things. They know the reserve on the few that did not sell and will not haggle with the owners on camera about splitting costs and dropping the reserve. One auctioneer (Gooding)did mention the bidding was close and probably a deal will be made on one car after the bidding was stopped. RM last night had their own style also I just think because it's Monterey the cars get more attention in some way.

Gooding will be on tonight to finish their lot of cars something after 6PM Pacific if you want to watch. They finished with the Jolly and should start with lot # 101

They still have a few interesting ones including a 260 & 289 Cobra and a gorgeous red GT 40 Mk1
 
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