Public service announcement: List of Ford GTs at upcoming auctions (with links)

[Stef]

In an effort to make as many charts as possible, we can refine further. Barrett-Jackson seller fee per their website is 8%, and the on-site buyer premium is 10%. It's 12% for absentee bidders. Mecum seller fee is 10% on cars with reserve, 6% on cars without; buyer's premium is also 10% on-site, 12% absentee. We'll just make it easy and assume 10% on all. Bonhams buyer fee is 12% on the first $250,000, 10% on dollar amounts over; have to contact them for seller fees, so just assume 10%.

I was never good at math, so caveat emptor.

VENUE	Hammer Price	Seller	Buyer	Mileage	Color	Year
Barrett-Jackson	$410,000	$377,200	$451,000	4,100	Midnight Blue (Ressler)	2005
Barrett-Jackson	$400,000	$368,000	$440,000	5,603	Quicksilver (VIN 003)	2005
Barrett-Jackson	$400,000	$368,000	$440,000	2,384	Heritage	2006
Mecum	$390,000	$351,000	$429,000	625	Heritage	2006
Barrett-Jackson	$347,000	$319,240	$381,700	29	MkIV Red	2006
Mecum	$340,000	$306,000	$374,000	4,935	Heritage	2006
Mecum	$340,000	$306,000	$374,000	2	Centennial White	2005
Barrett-Jackson	$312,000	$287,040	$343,200	3,400	Midnight Blue	2006
Mecum	$305,000	$274,500	$335,000	315	MkII Black	2005
Barrett-Jackson	$300,000	$276,000	$330,000	1,111	Speed Yellow	2006
Barrett-Jackson	$300,000	$276,000	$330,000	4,812	MkIV Red	2005
Barrett-Jackson	$300,000	$276,000	$330,000	8,404	Midnight Blue	2006
Barrett-Jackson	$285,000	$262,200	$313,500	3,343	MkII Black	2005
Mecum	$270,000	$243,000	$297,000	505	MkIV Red	2005
Bonhams	$255,000	$229,500	$280,500	1,778	Centennial White	2005
Mecum	$225,000	$202,500	$247,500	7,935	Centennial White	2006
Gooding	$345,000 (NO SALE)			5,477	Heritage	2006
Leake	$285,000 (NO SALE)			977	MkII Black	2006
Leake	$270,000 (NO SALE)			2,927	Tungsten	2006
Mecum	(Withdrawn)					2005

Thanks for posting!

 

[Specracer]

Had a ball at auction week. So much fun. Glad to see the people that we did see!

 

[jcoltrane]

Congrats jc, beautiful car! I don't recognize the board name and will respect your privacy but did I see you at Chip's dinner Thursday?

I wasn’t at the auction unfortunately, a friend of mine was bidding on my behalf. I do feel a little bad about that, because I didn’t realize they were going to shove TV cameras in his face for this lot.

I appreciate all of the kind words in this forum, I’m excited to be the new caretaker of this special FGT!

 

[Ed Sims]

Yes, congrats jcoltrane. One cool & special GT for sure.

Ed

 

[FikseGTS]

Ford GTs sold for $450,000 three years ago. Now, they're worth more than $1 million

Normally, three year old used cars drop substantially in value. But this weekend, three 2017 model year Ford GT supercars were sold at three different collector car auctions in Arizona. They sold for an average of over $1 million, more than double their sticker price.

www.cnn.com

 

[Specracer]

As usual, A line or 2 by the author, that proves, that their subject matter is not in their top level of expertise.

"Ford made about 4,000 of them and buyers were not preselected. Even those Ford GTs, though, are still worth at least what they cost when new -- if not somewhat more, according to the Hagerty collector car pricing guide. "

I think there a few in this thread that would almost "kill" to find a GT for anywhere close to original MSRP.

 

[SYCO GT]

Sad. Poor basic math skills. Since when does $295,000 = $155,000? Of course, still only matters if you're selling...

 

[Shark01]

I think there a few in this thread that would almost "kill" to find a GT for anywhere close to original MSRP.

Yeah, how many would I have to almost kill (allegedly)? I hear this is actually the leaked plot of John Wick 4

 

[ByeEnzo]

FYI.

2017 Ford GT Competition Series for Sale at Auction - Mecum Auctions

View the 2017 Ford GT Competition Series for sale at Glendale 2020 in Glendale, AZ as S117.

www.mecum.com

 

[centerpunch]

A couple of big buck sales for low mile cars at Amelia.

Keith Crain blue/white 415 miles, $385K including buyer fee

2005 Ford GT | Amelia Island 2020 | RM Sotheby's

2005 Ford GT for sale at RM Sotheby's Amelia Island

rmsothebys.com

2 mile Heritage, $533K including buyer fee

2006 Ford GT Heritage | Amelia Island 2020 | RM Sotheby's

2006 Ford GT Heritage for sale at RM Sotheby's Amelia Island

rmsothebys.com

 

[QuickSilverShelby]

A couple of big buck sales for low mile cars at Amelia.

Keith Crain blue/white 415 miles, $385K including buyer fee

2005 Ford GT | Amelia Island 2020 | RM Sotheby's

2005 Ford GT for sale at RM Sotheby's Amelia Island

rmsothebys.com

2 mile Heritage, $533K including buyer fee

2006 Ford GT Heritage | Amelia Island 2020 | RM Sotheby's

2006 Ford GT Heritage for sale at RM Sotheby's Amelia Island

rmsothebys.com

That's brutal! Imagine buying a Heritage with 2 miles on the odo. If you decide to make a driver out of it, you'll loose $150k after you rack up a couple thousand miles of "pure visceral rapture".

Meh, who am I kidding, why would you even wanna drive a Heritage with only 2 original miles. After all, it only has 2 miles on the odo once in it's life

Probably best to put it in a museum and just look at it

QSS

 

[QuickSilverShelby]

Not brutal for the seller.

QSS

 

[jammer]

Financially would be better for the new owner to buy a high mileage driver for said "pure visceral rapture" and keep the odo on the 2-mile Heritage pegged at 2. Would still be a damn shame to keep the Heritage undriven like the dozen F40s tragically captured and decaying from neglect in the Sultan of Brunei's stable.

 

[centerpunch]

More numbers:

I think RM buyer fee is 12% up to $250K, then 10% over that.
I think the seller fee is negotiable, but I'll assume it's 10%.
In that case.......

Keith Crain 415 mile blue/white
Hammer $345,000
Buyer paid $384,500
Seller received $310,500 (estimate, assuming 10% seller fee)
RM received $74,000 (estimate, assuming 10% seller fee)

2 mile Heritage
Hammer $480,000
Buyer paid $533,000
Seller received $432,000 (estimate, assuming 10% seller fee)
RM received $101,000 (estimate, assuming 10% seller fee)

 

[GT@50]

Black, 7500 mile sold for 259 on BaT

 

[HighHP]

Right on the price formula/curve.

 

[Specracer]

FYI RM Palm Beach has bagged the in person auction next weekend (~March 20th), in favor of on line only. There is a red, at least supposed to be offered (who knows if it will be pulled or what)

 

[Shark01]

Right on the price formula/curve.

Not really considering the CarFax blemish (not explained very well IMO) and the $5k to BAT. And the formula includes the optional wheels....

 

[Cobrar]

FYI RM Palm Beach has bagged the in person auction next weekend (~March 20th), in favor of on line only. There is a red, at least supposed to be offered (who knows if it will be pulled or what)

I'm hoping to get enough to buy a new Bronco and a GT500.

 

[Specracer]

Good luck with that, in "today's" conditions.

I'm hoping to get enough to buy a new Bronco and a GT500.