Mecum Indy Auction

[Cobrar]

2005 White GT blue stripes 4 option car 310 miles on MSO.

Hammered at $385K plus 8% commission.


2005 Red GT white stripes 4 option car 6900 miles

Not sold, last bid $225K

 

[Sinovac]

That's the highest price I've seen for a GT that's not a Heritage or GTX1.

 

[RickH]

I was just going to post on that. That's nuts. Too much for one, not enough for the other. I saw a local FGT car with 150 miles and 6 different previous owners sell for $350,000 supposedly, if you can believe a used car salesman (no offense Shelby or any of you other reputable dealers/sponsors). Everyone who owned it made $30,000 on average? Just pushed around on car dollies I suppose to avoid the miles.

 

[racelance]

Just one guys perspective... but all the numbers we are seeing now will look cheap 5+ years down the road.

 

[jvmax]

2005 White GT blue stripes 4 option car 310 miles on MSO.

Hammered at $385K plus 8% commission.


2005 Red GT white stripes 4 option car 6900 miles

Not sold, last bid $225K

is there a story behind this car as it should have at least hit $250k?

 

[Ramair]

I agree. I dont think our cars are done yet. I am also not convinced the new GTs will follow the pricing path we are seeing with our cars. Just my opinion but I think the new ones look closer to Lambos and other exotics. Just don't see them as timeless like the 05/06. Plus I personally cant shake the V6 vs V8 thing. Anyhow we shall see how it all pans out over the next 5-10 years.

 

[Sinovac]

I am also not convinced the new GTs will follow the pricing path we are seeing with our cars.

I think you're right, but not in the way you're thinking.

 

[GT101]

White car is coming to the UK I believe - spoke to the buyer earlier today [emoji3]


Sent from my iPhone using Tapatalk

 

[Cobrar]

I think you're right, but not in the way you're thinking.

Paul - what do it mean ?? lol

I had an ex-boss that used the phrase "you're not wrong".

 

[RickH]

Just one guys perspective... but all the numbers we are seeing now will look cheap 5+ years down the road.

Agreed. John Kraeman (sp?), one of the TV announcers who works for Mecum once predicted that it will be a million dollar car within his lifetime. Justin Bell while announcing for a Barrett-Jackson auction last year also predicted it to be worth a million sometime down the road. That's not why I like them but a potential bonus.

 

[Ramair]

Exponential price increases on new ones vs linear like ours? Not seeing that but who knows. Guess we all find out together...

 

[FBA]

Good news on the sale...means my yellow delivery-miles, in-the-wrapper car would fetch over 400k! Can't wait to see it hit a million!

 

[RickH]

FBA,

There was a 2006 Yellow/black stripe 500 mile FGT owned by the original dealership, sold on MSO at Mecum Kissimmee this year. I must have looked at this car 20 times as I was there a full week. I jumped thru hoops with Mecum and the owner to see the books, see the MSO ( was not allowed to have a copy of it). Was registered to bid, got up on stage and it was bid to $275K in a heartbeat, and I froze, and it ended up selling for $300K. That's almost $345K with 8% commission plus Florida 6% sales tax. Reliable Carriers charges more for expensive cars than for a lesser value car. That would be a grand plus the cost of new plates and I'm in it for $350K by the time I'm done. Too much money. I know I will regret not buying it sometime down the road.

 

[FBA]

I was lucky. Bought mine in 2012 when prices were way less than today...and thought at the time that it would hit a million in 20 years. Now I think it'll be way less.

 

[PeteK]

20 years is a long time. I would not be surprised if the pristine examples go for that in 2032.

I'm still not saving mine for the next guy. 32kmi and counting.

 

[33Bravo]

I was lucky. Bought mine in 2012 when prices were way less than today...and thought at the time that it would hit a million in 20 years. Now I think it'll be way less.

Your cars (red) sister is doing well in her climate controlled environment here in Minneapolis!

 

[Tomcat]

20 years is a long time. I would not be surprised if the pristine examples go for that in 2032.

I'm still not saving mine for the next guy. 32kmi and counting.

I'm nudging 36,000 (35,8xx)

 

[FBA]

Your cars (red) sister is doing well in her climate controlled environment here in Minneapolis!

You bought the red one from the same collection from Shelby? There was a Red, a Yellow and White at the time IIRC?