Mecum Kissimmee GT auction result 1/13/18


AJB

GT
Mark II Lifetime
Le Mans 2010 Supporter
Jun 28, 2006
2,671
Bloomfield Hills, Michigan
I was shocked last night at the prices at Barrett Jackson. In today's economy buyers are "feeling their oats"!!! Should make tonight interesting.
Andy (ajb)
 

KMCBOSS

RED GT owner
Mark II Lifetime
Dec 3, 2006
995
Bremerton, Washington
The grabber green and white cars sold for about $250K.
 

Beez

GT Owner
Mark II Lifetime
Oct 28, 2016
182
South Denver
I was shocked last night at the prices at Barrett Jackson. In today's economy buyers are "feeling their oats"!!!
Andy, how do you think we square this with the Mecum 4 option car 371 miles only $290k? It appears that despite the ever stronger economy, our '05-'6 cars are still not hitting the sales prices they did in '15-'16.
 

ROCK

GT Owner
Jul 10, 2006
395
Miami
Many good new cars in the market.
'18 720S with little miles can be had for about $340k as an example.
 

RickH

GT Owner
Mar 5, 2015
425
Florida
[QUOTE Andy, how do you think we square this with the Mecum 4 option car 371 miles only $290k? It appears that despite the ever stronger economy, our '05-'6 cars are still not hitting the sales prices they did in '15-'16.[/QUOTE]

I was going to bid on this car in 2015 at Kissimmee. I was even up on stage and it got to $290K in a heartbeat, selling for $300K. Still on MSO from original dealer with 560 miles. Seems prices have flat lined since.

https://www.mecum.com/lots/FL0115-204258/2006-ford-gt/
 

DBK

The Favor Factory™
Staff member
Le Mans 2010 Supporter
Jul 30, 2005
14,704
Metro Detroit
Auction prices were all over the place. Any weakness isn't because of other cars IMO. It's basically the opposite.

GTs have been a reasonable store of value for collectors the last couple years. If you were even thinking about it, which I think auction buyers often are, I wouldn't be skipping paying $300k on a GT so I could lose $100k driving a 720S for a year. I'd be skipping paying $300k on a GT so I could throw a dart at the board and make 30% on literally anything. DJIA 19,800 ---> 26,000 in a year.
 

Gene Cassone

GT Owner
Mark II Lifetime
Dec 3, 2005
746
way upstate NY
I no longer put recent supercars in same class as 05-06 GT. No end to HP and performance wars. GT is a classic. No recent cars come close to the design. Not sure why market is soft. Z8s also way down in this month's auctions. American muscle seems to be heading back up. I guess natural fluctuations in the markets!!
 

GKW05GT

GT Owner
Mark II Lifetime
May 28, 2011
2,471
Fayetteville, Ga.
Most of our cars are still worth a good bit more than we paid and the return on investment can't only be measure in just $$$.