GTdrummer
GT Owner
As a neutral observer, I would agree that taking a GT to an auction makes no sense. I have very rarely seen an auction sale yield a private sale result.
05 GT on MSO at Mecum Auction
- Thread starter Art138
- Start date
w. mitty
GT Owner
- Sep 1, 2005
- 704
I've had the chance to go to both auctions back to back for a few years now. The difference in atmosphere is remarkable. The Mecum event has a very middle America feel; it seems like its more about cars and selling them than it is anything else. There is a sort of "warmth" there, as personified by Dana himself. BJ on the other hand, is very much like a circus; it feels like Las Vegas on crack. Virtually every car is sold without reserve, and there all always a few slippery looking characters in the mix. I really like Craig Jackson and think that he is a standup guy. However, the weather system that swirls around the show is a little spooky if you ask me. I would NEVER sell a car at BJ, but I might consider selling one at a Mecum event. I'm a control kind of guy and BJ gives you anything but control. Its a great show, however, and I look forward to it every year.
I second that , I have my cobra and GT side by side and I often find it difficult to decide which one to drool over
eBay has the option of an auction, but NONE of my listings on eBay are in Auction format. They are advertised prices.
Btw the 427 cobra sold after the auction was over for $7xx k, and became the top seller. So 1-2-3 were all fords, 2 was a boss 429 at 417k and 3 was the SCCA trans am mustng for 400k. Lastly looked through the Saturday lots, there were several vettes that were no sales even when bid into the 400's.
KJD
GT Owner
THamonGT
GT
John McComb was a friend and neighbor of mine here in Hutchinson in 1966 when he purchased that SCCA Mustang that sold for $400,000. The car was going to be Jerry Titus's ride, but Jerry was killed testing the Mark IV GT40 and John bought the car. I was just 14 but I still vividly remember that rig sitting down the street. In the summer of 1969 I even worked for Terry Doty in John's shop. Those were the days. Terry was John's mechanic and taught me a lot about figuring out problems. John even offered to sell me his '67 TA Mustang for $5,000 race ready when he started driving for Datsun, but I was 17 and still in high school. Looking back now maybe I should have bought it. Oh well, lots of stories about those times that might be better over a drink at a rally. Vince
campgreenlake
GT Owner
Sale details below:
No. 9: Lot S182
2005 Ford GT
5.4/550 HP, 6-Speed
Sold for $220,000 Details »
No. 9: Lot S182
2005 Ford GT
5.4/550 HP, 6-Speed
Sold for $220,000 Details »
JCO1966
GT Owner
maxemus
GT Owner
Sorry for the thread highjack but since were talking auction houses and getting best value for the seller. What would you guys recommend I do. I have a 2010 Shelby GT 500 Super Snake with 2k miles on it and mostly every option that was offered. I live in Miami so I was considering BJ Palm Beach in April. However, if I use Mecum, is there a venue that you guys suggest would help me get the most for the car?
From a convienence point of view, I would say that the BJ Palm Beach would be your best bet if you are a gambler and want to risk selling your car for no reserve. Mecum has an auction in Houston in April and Indy in May and will offer you a reserve and their fees are lower than BJ. I personally will not sell a car no reserve, but just that's just me. Good luck.
twobjshelbys
GT Owner
maxemus
GT Owner
w. mitty
GT Owner
- Sep 1, 2005
- 704
maxemus, just to continue this discussion, why have you decided to sell via auction instead of a private transaction? Granted, there are many good reasons to go with an auction, including speed, convenience, anonymity, etc. What are you hoping to accomplish?
I ask simply because I am often curious when I go to the auctions, especially BJ, what the motivations are for selling in this environment.
Wow! $220,000 for a stock car! It would seem that the market for these beasts is going up.
This thread has been helpful.
Any thoughts on the impact on value for a Heffner 750 upgrade?
I am thinking of selling my blue 05 with 5100 miles and perfect.
I didn't see any GT's at BJ in Phoenix.
Are most of the cars going privately or ebay??
This thread has been helpful.
Any thoughts on the impact on value for a Heffner 750 upgrade?
I am thinking of selling my blue 05 with 5100 miles and perfect.
I didn't see any GT's at BJ in Phoenix.
Are most of the cars going privately or ebay??
BJ will place a reserve on their "Salon" cars. I believe the minimum value needs to be in the 500k range.
