RM Auctions Heritage Ford GT Monaco
- Thread starter Gulf GT
- Start date
larry21
GT Owner
Copenhagen GT
GT Owner
Maybe prices are not directly comparable to US price. Not sure of Monaco regulations, but in many countries here, high additional costs for approval, inspection and registration. ??
The car was registered in Italy prior to the sale, though not one of the 101 Official European cars (these were all 2005 cars)
I suspected it would exceed the 250,000 Euro top guide price but 300,000 is more than I would have predicted. Interesting.
Dave
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I suspected it would exceed the 250,000 Euro top guide price but 300,000 is more than I would have predicted. Interesting.
Dave
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w.a.nelson
GT Owner
Not necessarily a bad thing, but are these prices getting ridiculous, or what?
Reference other thread(s), did anyone say bubble?
Reference other thread(s), did anyone say bubble?
I would only compare this to other collectible cars that are today 4-5 times the value of what they were in 2005-2006. If I was thinking “bubble” I would worry more about those. Look at a few other special modern cars, Enzo prices are nuts too and I don't think there is any chance they will ever come down again. This is a function of the entire market dragging the Ford GT with it. I don't think the comparison between the Carrera GT and the Ford GT is relevant. No doubt the Carrera GT is a truly great car, but that doesn’t mean it will appreciate in the same way another car will. Look at the Lexus LFA, probably an even better engine and a car that in every magazine shoot out beat the 599GTO soundly. 599GTO’s still sell like hotcakes and LFA’s are sitting everywhere and you can hardly sell them at all. The retro mojo of the Ford GT is allowing it to be carried with the market more that some others. And, this is a “vintage” market, and the Ford GT is the only real modern vintage remake that has worked. It makes sense it will go with this market. There was an excellent large article on this market in Sports Car market Magazine this month. I think it was pretty obvious that the modern Heritage Ford GT was going to get a big boost when the vintage Gulf car sold for huge money a couple years ago. What's the price difference between a 1960’s GT40 and a 1960’s Gulf GT40?
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Xcentric
GT Owner
Can't do 1:1 comparisons with fluctuating currencies. I remember buying a euro for $0.86. I also remember buying a euro for $1.45. If you traveled in Europe a decade ago, you marveled at how inexpensive it was. Now it seems expensive. To someone paid in euros, it's all about the same (given commodity volatility, just like in the US...food, fuel, etc.).
