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Kirkham Motorsports

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Old 01-19-2019, 09:57 AM
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This one never did to bad.

The first 2020 Ford Mustang Shelby GT500 sells for 1.1 million dollars at Barrett-Jackson Auctions Scottsdale Arizona! Take a close look at what makes the ULTIMATE Ford Performance Mustang! Featuring a supercharged 5.2L cross-plane crank v8, with over 700 horsepower, and more! This is the first ever Mustang to be equipped with a 7-speed dual clutch automatic transmission. The all-new Ford Shelby GT500 will be feature a carbon fiber track package, bringing exposed 20" carbon fiber wheels, as well as a GT4 style rear wing, and more.

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Old 01-19-2019, 11:44 AM
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As a note, there were three F5R cars that sold. A type 65 coupe sold for $ 77k, and two GTM's sold, one for $ 85k, and the other for $ 88k.
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Old 01-19-2019, 12:14 PM
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Quote:
Originally Posted by Ron61 View Post
This one never did to bad.

The first 2020 Ford Mustang Shelby GT500 sells for 1.1 million dollars at Barrett-Jackson Auctions Scottsdale Arizona! Take a close look at what makes the ULTIMATE Ford Performance Mustang! Featuring a supercharged 5.2L cross-plane crank v8, with over 700 horsepower, and more! This is the first ever Mustang to be equipped with a 7-speed dual clutch automatic transmission. The all-new Ford Shelby GT500 will be feature a carbon fiber track package, bringing exposed 20" carbon fiber wheels, as well as a GT4 style rear wing, and more.

Ron
You have to remember that this car was a charity auction vehicle so the hammer price is irrelevant compared to the vehicle price. Craig Jackson apparently bought it and he'll get a tax write off for the 1.1M less the MSRP of the car. Not a bad way to avoid an ADM and get a tax writeoff at the same time
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Old 01-20-2019, 08:33 AM
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Think the 6000 I saw was 98k with 10% premium So roughly 108k which is market.

I think it’s truly a Resto mod cycle now however cars are still a passion for many and solid places for money when compared to other things.....
Also feel for replicas the "replication" is key. When weirdly done they can be a huge risk to the seller or buyer.
When a Testarosa sells at $130k and one of six GT500 struggles for $118k amongst what appears to be more 60’s corvette resto mods sold than there was produced for $250k + it’s a timing thing.

Either way I personally love these cars and will buy more.
At least what I can get momma on board with �� the expense.
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Old 01-20-2019, 11:31 AM
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Quote:
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Think the 6000 I saw was 98k with 10% premium So roughly 108k which is market.

I think it’s truly a Resto mod cycle now however cars are still a passion for many and solid places for money when compared to other things.....
Also feel for replicas the replication is key. When weirdly done they can be a huge risk to the seller or buyer.
When a Testarosa sells at $130k and one of six GT500 struggles for $118k amongst what appears to be more 60’s corvette resto mods sold than there was produced for $250k + it’s a timing thing.

Either way I personally love these cars and will buy more.
At least what I can get momma on board with �� the expense.
Agree - one of the conclusions I drew from the Barrett Jackson auction was that a mid 60s corvette, first gen Camaro, or Mopar resto mod with a “Fast Track” or similar chassis and suspension mod seems to be the big thing right now. Those cars seemed to be getting disproportionate values, relative to some very nice looking all original cars. My take away from this is that a lot of people are looking for a car that combines an older muscle car style that they recognize, but that has been updated to a more modern standard drive train and interior (ac, stereo, etc) that allows them to drive it on a more regular basis with higher reliability. Pure hot rods and even many older all original and somewhat rare cars seemed to not do as well. Unfortunately, I think this is a trend that is going to continue, as it becomes harder to register and title some of the older cars and pure hot rods. Also, a lot of people seem to value the idea of being able to have a car that’s very drivable with convenience features versus a pure hot rod like a cobra.
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