Ford is the first brand of automobile to ever be produced in the world. Over the years, Ford became a household name and a popular choice for both utility and luxury. The Ford Mustang is one of the most coveted luxury brands in the world. There have been several variations of this model, especially in the mid to late sixties, and this has given rise to a new class of Ford Mustang collectors, who are ready to pay the price for a well-preserved set of wheels from that particular era. Here we take a look at 5 most expensive Ford Mustangs ever sold.
5. First 2007 Shelby GT500 – $648,000
This model is considered to be the most prized and valuable of all Shelby Mustangs since only 34 were built. This particular model coming up for sale is extremely rare, and when it does happen, the price can hit near to seven-figures.
With the Shelby GT500 coming back in 2007, a lot of excitement was generated in the Mustang community. This began with the Barrett-Jackson auction that was held in 2006 and the first piece was sold for a whopping $648,000, which made it the most expensive version of a “modern” mustang to ever be sold. The proceeds from the auction were donated to the Carroll Shelby’s Children’s Foundation.
4. Carroll Shelby’s 1969 Shelby GT500 Convertible – $742,500
The Shelby Mustangs from the period between 1969 and 1970 are not the rarest of the rare, but what sets this particular piece apart is that Carroll Shelby actually owned and used it. It took five years for this Mustang to be restored to its original condition by a Mustang restorer John Cowles who completed it in 2007 and was it was finally auctioned in 2008 for almost three-fourths of a million dollars. The color of the car is red with white interiors, and it has automatic transmission.
3. 1965 Shelby GT350R – $990,000
In 1965, 34 of these models were built and they are some of the most sought-after possessions for collectors. This model again rarely comes up for sale, and there is just no knowing what the price range will be set at when they do. This particular Shelby GT350R came up for sale in 2012, and sold for $990,000, setting a record for the most expensive Mustang to be sold during that period, especially because it almost touched the $1 million mark. Considering that the auction price of this particular piece was estimated between $900,000 and $1,300,000, we could say that the selling price of $990,000 was actually a good deal.
2. 1967 Eleanor Shelby GT5002. 1967 “Eleanor” Mustang Hero Car – $1.0 million
This 1967 model featured in the movie “Gone in 60 Seconds” creating waves within the Mustang community and gave rise to the creation of dozens of replicas on the same lines. Although there were several other variations lined up for the movie, this was the actual one used and immortalized, making it a rarity if it ever came up for auction, and it did, commanding a whopping $1,000,000 at the Mecum’s auction at Indianapolis in 2013, reiterating the serious commitment of this community of Mustang collectors. There were only 11 of these ever built, and only 3 are believed to be in existence today. Although other pieces have been sold well into six figures, it is the hype from the movie that caused this particular car to touch the $1 million mark.
1. 1967 Shelby GT500 Super Snake – $1.3 million
We finally bring you the record breaker of all time. Yes, it’s the 1967 Shelby GT500 Super Snake, a one-off model from that era which has a 427ci V8 engine used in the Ford GT40 race car. It fetched a cool $1.3 million at Mecum’s Indianapolis auction in 2013. What sets this particular piece apart from the rest is the fact that it was customized for Goodyear in 1967 to highlight their new tire line, “Thunderbolt”. With a top speed of 170 miles per hour, this car set a new record of sorts. Although the company planned a limited edition, the price tag of $8,000 put off potential buyers, so this particular ‘prototype’ continued to be the only one in existence.
Ford Mustang car collectors are not your ordinary type of guy. These are people who have a passion for a particular brand and period of the automobile with the kind of money that’s required to pursue their unusual and expensive hobby. It may perhaps not be the kind of hobby that you or I may have the privilege to indulge in. However, appreciation of these fine pieces of automobile history is something that anyone can do. Just following the latest news in the world of Mustang collectors is an exciting experience in itself, and you will continue to be amazed to know what goes on in the world of this unique class of people.