Two FGT's on the block at Mecum Chicago on Saturday


RickH

RickH

GT Owner
Mar 5, 2015
426
Florida
Two 2005 GT's at auction on Saturday. One blue two option still on MSO with 1,100 miles and the other a red 4 option one owner car with 7,000 miles.
 
No reserve?
 
Interested to see what a "high" mile red brings.
 
Mecum auction cars for the most part all have reserves on them.
 
^^
That's too bad as its fun to play the guessing game when there is no reserve.
 
The highest mileage FGT I've seen sell at auction was a 2006 Tungsten gray 3 option (no wheel upgrade) with 17,000 miles at Mecum Kissimmee, Fl. this past January 2015. It was bid up to $215,000 and they wouldn't lift the reserve. It went to the bid goes on and sold for $220,000 not including the commission.
 
How can these cars be on MSO. all the paperwork that i have received from mecum states that the vehicles have to be titled and registered.
Please shed some light on this as i have several cars on MSO that i was told they would not run thru because they are MSO cars. ????
 
The real requirement for the auction is that it have a "clear title", meaning, the car cannot have a lien (loan). MSO qualifies for that. So cars that are still on MSO and has miles, it could be a dealer car (probably owner, with dealer plates). If it was privately owned it may or may not have had sales tax paid (if the purchase was in the same state, sales tax is usually collected at point/time of sale), but the MSO still in possession of the owner would indicate it was not registered. Most auto insurance companies will NOT insure a vehicle that does not have current registration, even for the comprehensive portion (ie, not driven, not presently licensed and stored in a garage). Your howmeowners insurance won't cover the loss in case of fire or theft. I would be curious if Drew's underwriter covers an unregistered vehicle.
 
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Compare & contrast:
Lot S177.1, Ford GT red/white 4 options, just under 7,000 miles $230,000 (cheap no?).
Lot F168.1 wrongly credited as a 6 spd, (F1 actually) F430 Spyder, 31,000+ miles, $110,000.
 
BTW, the 67 GT500, lot S93, @ $190,000 was all the money.
 
@djs need to add 8% buyers premium so I think, for a 7k mile GT, that's about right?
 
How about the 1100 mile blue car?
 
BIGFOOT said:
How about the 1100 mile blue car?
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Did not meet reserve @ 275K
 
F430s are dropping like a rock; below $100K; F360s are 60K and falling

Any F car between 1995 and 2010 is just in free fall; 458s will be next with their 80s Firebird/Veloster rear styling

Literally 308/328 are only one moving up
 
Kayvan said:
F430s are dropping like a rock; below $100K; F360s are 60K and falling

Any F car between 1995 and 2010 is just in free fall; 458s will be next with their 80s Firebird/Veloster rear styling

Literally 308/328 are only one moving up
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Not true, CS and Scuderia also been very strong as of late
 
"F430s are dropping like a rock; below $100K; F360s are 60K and falling

Any F car between 1995 and 2010 is just in free fall; 458s will be next with their 80s Firebird/Veloster rear styling

Literally 308/328 are only one moving up"

Still, ya gotta admit, an F430 Spyder for +/- <$100 Large? That's a lot of car for the dough. How low is low though?
 
Don't forget about maintenance costs ...
 
RPM217 said:
Not true, CS and Scuderia also been very strong as of late
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I think Speciale will be really strong as well, especially long term.
 
DBK said:
I think Speciale will be really strong as well, especially long term.
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Standard production F-cars, like 360, 430, and 458 will likely get killed in value. I like most of the limited production ones, esp the Speciale.
 
458 to.458 Specisle - And the material differences are? (Other than production volume)
 
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