Yellow with black stripe Ford GT with 500 miles on it hammered yesterday at Mecum for $300,000 plus buyers commission. Had optional wheels and red brake calipers.
Mecum GT sale
- Thread starter GT35065
- Start date
GKW05GT
GT Owner
Sinovac
GT Owner
Red 5,600 mile - No sale (high bid $260,000)
Black 8,500 mile - No sale (high bid $250,000)
Tungsten 5,000 mile - No sale (high bid $240,000)
Red 8,500 mile - No Sale (high bid $250,000)
Yellow 568 mile - Sold Hammer $300,000
Red 7,500 mile - Sold Hammer $220,000
I watched a couple of the no sales and it seemed like the bids were being advanced towards reserve and quickly closed.
Black 8,500 mile - No sale (high bid $250,000)
Tungsten 5,000 mile - No sale (high bid $240,000)
Red 8,500 mile - No Sale (high bid $250,000)
Yellow 568 mile - Sold Hammer $300,000
Red 7,500 mile - Sold Hammer $220,000
I watched a couple of the no sales and it seemed like the bids were being advanced towards reserve and quickly closed.
No, I didn't go, just recorded it on DVR so I could fast forward through most of it. Seemed like some decent prices on a few nice ones. Not quite as nutty as BJ's, however some rare stuff brought huge bucks. Can't believe what some of the Mopar's brought.
2112
Blue/white 06'
People listing with high reserves hoping for crazy $ but just going home when it doesn't materialize?
matteuson
GT Owner
'Think maybe the NFGT might have something to do with that? Or a coincidence? :shrug
'Pretty much a 'given'. There has to be a $$$ plateau at least once in a while.
Sinovac
GT Owner
But legal, so long as it's in the fine print!
I knew what the guy with the red 8500 mile car was looking for. Died near it.
I knew what the guy with the red 8500 mile car was looking for. Died near it.
partssmann
GT Owner
Why did the 7500 mile red GT go for only $220K? Seems a little low considering higher mile 8500 mile red GT bid to $250K and no sale.
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68Rcodeman
GT Owner
I was there for two days. One of the red ones bid into the 200"s . When bidding stoped the auctioneer said it takes 400 k. The car had some miles on it. Yellow car was a low mile car.
When MSRP and volume plan for the new ford gt becomes known, any weakness in the old ford gt's will firm up and stabilize. The unknown always hurts values of assets. Like stocks on wall street.
HOOKED ON GT
GT Owner
How does one assess the value of their GT at market prices?
I just want to make sure the insurance is up to date and not 100k out..
Clean 06 Heritage stock all round about 4,000 miles
Stuart
I just want to make sure the insurance is up to date and not 100k out..
Clean 06 Heritage stock all round about 4,000 miles
Stuart
The 250K bid was probably not a real money bid. In a reserve auction, the auction company can bid the car under it's reserve if there is no live money on it.
2112
Blue/white 06'
In this rising market, wouldn't an actual value policy pay you based on recent comparable sales?
Agreed value policies are great if there is ambiguity as to what your car would cost to replace, which in a falling market, can turn out not to be in your favor.
Manheim in FL "dealer only auction" sold today a 06 red with stripes, bbs wheels, 4k mile car for 251k.
Indy GT
Yea, I got one...too
Stuart,
There have been a plethora of threads here on our Forum on this car value topic.
Suggest you check here more often to follow ownership thoughts on car value.
Also, suggest you contact Shelby to get a value assessment for insurance coverage. He has his finger on the daily pulse.:biggrin
Wait until people figure out it take $400k+ and waiting in line behind Leno and king Yabbadabado to get a new "GT" with only 1200 available world wide.
Yup.
Yup.